Transcripts For FBC Mornings With Maria Bartiromo 20170512

The sector pressure the entire market, getting hammered yesterday, what this means to house of the consumer, the economy and your money. Macys stock down 17 yesterday, broader markets today look like this, futures indicating a weaker opening for broader averages today. Dow industrial expected to open 30 points, dow headed for the fourth day of losses in a row, of course, retail store one of the big stories for broader markets yesterday. In europe stocks, ftse is up a fraction, cac quarante is up a fraction. In asia overnight, mixed performances, take a look as you see there the nikkei average in japan down a third of a percent, shanghai composite in china up three quarters of a percent. Stephen colbert is firing back at President Trump after the president called him a notalent guy. All the stories coming up this morning and joining me fox business dagen mcdowell, recon capital and horizon manager, kevin kelly and the wall street journal Editorial Page Editor james freeman. Great to see, everybody. Good morning. Dagen what were you going to say . Maria you called it. One of the reasons probably that annoyed donald trump about jim comey is the way he acted in the hearing. You used the word showboat. Dagen we did talk about after the morning firing when the white house put narrative that they did it on the recommendation of rosenstein, Deputy Attorney general, we said at that point, i was speculating but that we would find out that trump ordered it, the trump had decided that jim comey had to go. Again, thats how he leads. Maria you totally called it. I agreed but also said i think sally yates put salt in the wound because of her answers or nonanswers. Dagen i cant wait to see what james has to say about this whole you did call it. I think whether it was trump himself or you could ask former top officials from clinton, bush, Obama Administrations, they all said that he had violated justice protocol, so it should have happened a long time ago. Maria theres a lot to look at that lead up in terms of also the handling. Joining the conversation this morning virginia congressman dave is with us, administrator of u. S. Small business administration, Linda Mcmahon is with us, ken paxton and former navy seal is here as well. We have big show friday morning so do stay with us this morning. Dagen mcraven is my shining light. Maria wow. President trump speaking about firing of comey. He would have fired regardless of any recommendation from his attorney general or his deputy, watch. Look, hes a showboat, grand stander, the fbi has been in turn turmoil, regardless of recommendation i was going the fire comey knows there was no good time to do it and, in fact, when i decided to just do it, i said to myself, i said, you know, this russia thing with trump and russia is a made up story, its an excuse by the democrats for having lost an election that they should have won. Maria and he did foreshadow in april when he sat down with him because he basically said when i said to him, people are scratching their heads why comey is still in the job, well, we will see what happens. I have confidence in him but, you know, its not too late to fire him. The president said he did have russia probe on his mind when he made decision to fire comey, what do you make of comments there . Dagen i wish ha President Trump had done a press conference right after the comey firing was announced and said that to the American People directly. Not just in a oneonone with lester holt and foregoing this narrative that its kind of been turned upside down about the timeline or at least the thought process behind the comey firing, this is what the American People need to hear. Hes very blunt and hes forthcoming when you put a microphone on him. Thats what should have happened rather than now everybody is caught up on who said what. Maria we knew the president thought the investigation was a hoax, he calls it a hoax and we also know that theres been no evidence of collusion, so at this point either give us the evidence or lets start to focusing on the agenda kevin but the problem is hes playing into the narrative and it goes back to what dagen just said, i dont want President Trump sitting down with lester holt in the middle of the day talking about how comey is a grandstander and showboater, focus on health care, what you promised the people, hes feeding the fire, listen, democrats didnt want comey, republicans didnt want comey, it was time for him to go, everyone saw his testimony. Maria she cuts right through it is Sarah Huckabee sanders. She cuts right through it and basically gets to the point. Thats why shes doing so well, why cant the president do that . Kevin he doesnt need to give interviews, either he does it immediately after or dont give it at all. Maria i agree with you, kevin. The president is often very careless with his words n this this case was right on target and precise when he called comey a showboat and greatstander. And i think that may third hearing on the hill, it wasnt just the showboating and the grandstanding, the fact that he said looking back on 2016 with all those mistakes, all those breaches of longstanding protocol he wouldnt have done anything differently. To me that was more than enough if you didnt have it already to fire him. Dagen to quote your editorial page, the wall street editorial page that there was during that hearing, there was that innuindo about the Russian Investigation and now the back and forth will be President Trump saying, i asked him am i understand investigation and people have hair arms up about that, jim comey told me i was not on three occasions and the wall street journal is actually reporting today that people as Close Associates of mr. Comey said that he didnt provide such assurances to mr. Trump about the investigation. So now theres this again, he said, she said, so a lot of he said, he said, a lot of this could have been avoided. Maria theres a new poll that finds the majority of americans say it was not appropriate for President Trump to fire comey. Lock at the numbers. 54 said in online poll that it was not that it was not appropriate while 38 said comey firing was appropriate. 38 of the people are right. [laughter] dagen you cant get elected off 38 . I think the number will rise as people look at this because what was so corrosive about the comey method and lets hope this is a terrible chapter in fbi history that ends now is this habit basically like our old friend in new york of trying your cases in public and really even it was beyond basically comey appointing himself, prosecutor, judge and jury coming out and shares his thoughts in the public in matters that should be confidential in the investigation, exonerating mrs. Clinton but also criticizing her, you go down the line and this is why you had former clintonobama Officials Saying this is totally out of bounds for investigators, hes supposed to make the information to prosecutors, anyone who watches law and order understands that this isnt how it works. Maria everybody says the same thing, you cannot wear two hats. Kevin his narrative should be like you know who doesnt Want Health Care to go through the russians, you know who doesnt want tax cuts to go through, the russians. Dagen in this environment, get in front of a microphone, President Trump, i just want to point out two things that were in the press that were basically refuted yesterday, you have rod rosenstein, reports that he said he was going to quit unless the record was corrected. Maria he denied that. Dagen he said thats not true. I never threatened to quit, number one and andrew mccabe, acting fbi director in testimony yesterday in front of the Senate Intelligence Committee Said comey did not ask for more funding for the russia investigation. That goes to the timing, an original report that he asked for more resources and Mccabe Mccabe took a lot of issue with a lot of things yesterday but he said absolutely he did not ask for more money. Maria im glad that you brought up. We have a bombshell that we have to get to in a second. President trump retweeting an old tweet from Rosie Odonnell demanding comey be fired. We finally agree on something, rosie. Given severity of issues at hand, you wonder why hes wasting time with this, answering Rosie Odonnell . He feel like he has to fight a little bit. If everyone agrees that comey was a disaster, incompetent, didnt follow protocol, doesnt donald trump and every other american deserve competent leadership at the fbi. Kevin people want to act president ial about it and they dont think hes acting president ial about it. And it goes back to what dagen said its a topdown approach and people dont have confidence because of his actions whether its on twitter or in interviews. Maria we will take a break, when we come back, theres a bombshell we must talk about. Yesterday on fox news and interviewed senator rand paul, what he told me was incredible. First breaking news out of rome, two bombs exploding near a post office, latest developments coming up. More painful retail, macys disappointing reports casting dark cloud over jc pennys results today. What to expect, back in a moment. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Maria welcome back, retail the story on wall street this morning. We are awaiting earnings from scr c penny. Analysts are expecting a lose of 21 cents shares of a quarter. Macys the biggest loser, the Company Shares down nearly 20 at one point as both earnings per share came below expectations. Joining us is mary, thank you so much for joining us. Thank you. Maria what is happening in retail right now . Very challenging. It will level off or getting worse before it gets better, its about saving money and brands reinventing themselves namely macys. The Department Store needs to change next year or face further cuts. Kevin consumers have been hit Rising Health care costs, 17 of gdp, thats up from just under 14 just a few years ago. Thats taking its toll. We have seen the sales up 35 billion since 2000 while Department Sales have been down 7 billion, right, so people are spending, its just not in the brick and mortar. Absolutely. Its about value and getting the most for your money and right now they are getting it on ecommerce because they will do about anything to get the consumer, unless its a product, custom sneakers, new makeup. Kevin its cheaper for nonstore retail than department, right . Absolutely, yes. Dagen with macys, this has been a slow bleed that we have been watching, it feels almost a decade now where they have been not been able to get their hands, their arms around the customer, the Product Selection and if you talked to anybody who works in a Department Store not just macys but even a barneys, a sks, they feel like they will never recover, that these Big Companies will never be able to do online as well as even much smaller individual brands, they do it better and particularly reaching customers through instagram. Those Department Store chains, theyve lost it. Maria have they lost it . For now they have. They have to reinvent themselves, think about macys, four of the biggest brands have had challenges, ralph and michael kors. If they dont do well, macys cant perform well. Maria they had the discount part of the deal. They do. Maria that didnt work obviously. The discount assortment compare today t. J. Maxx is lacking. We see walmart trying to raise online game. Do you see any of the traditional bricks and mortar retailers who are crashing it online or are they still trying to figure it out. I think walmart since you mentioned would be the most successful of any of them and theyve improved the online experience since they took it over. We have seen that. So thats exciting, plus they are doing some other things outside of the norm in order to improve business and expand their business. Maria any Retail Stocks that you like . I like coach still and kevin coach purchasing kate spade. It sends a message to the future. They will own the business, price points and capitalize on that and really be a brand again as opposed to being a brand and a Department Store and discounters. I think that theyve done the right thing. Maria would you buy amazon here . Oh, yes, absolutely. The stock keeps rising. Absolutely. Kevin buy amazon. [laughter] maria thank you for joining us on retail. Breaking news out of rome this morning, two bombs exploding near post office. Latest developments coming up. Stephen colbert fires back after President Trump called him a no it have talent guy, what he sait two become one. Then youre a couple. Think of all youll share. Like snoring. Does your bed do that . The dual adjustability of a sleep number bed allows you each to choose the firmness and comfort you want. So every couple can get the best sleep ever. Does your bed do that . For a limited time save 900 1200 on select final clearance beds during our spring clearance event. Only at a sleep number store or sleepnumber. Com thereit comes to technology, about my Small Business so when i need someone that understands my unique needs. My dell Small Business advisor has gotten to know our business so well that is feels like hes a part of our team. With one phone call, he sets me up with tailored products and services. And when my advisor is focused on my tech, i can focus on my Small Business. Whatever it takes, wherever i have to go. Im beating this. Breast Cancer Treatment is continuing to evolve. Ctca is definitely on the cusp of those changes. We really focus on taking the time with each individual patient so they can choose the treatment appropriate for them. I empower women with choices. Its not just picking a surgeon. Its picking the care team, and feeling secure where you are. Visit cancercenter. Com breast Appointments Available now. Maria breaking news investigating, explosion in rome this morning. Police on it. Real madrid with the details. Cheryl. Cheryl good morning, this blast coming right outside of a post office, police say that two devices were set between two parks car and damaged one of those cars, no injured have been reported so far. Authorities say that theres no immediate suspicion of terrorism. They believe the blast was an act of protest. Here at home in arkansas a suspect in custody for killing three people including a sheriffs deputy. Lieutenant Kevin Mainhart was fatally wounded during traffic stop after call he responded to and praised by the county sheriffs in a News Conference yesterday. He had a great work ethic and fairminded and he was also a great father and a husband as well as a great friend, words will definitely not describe greatly enough the effect that Kevin Mainhart has had on county. Cheryl the suspect in the triple murder surrendered to authorities after a fivehour hostage standoff. Okay, turn to go some Severe Weather in the south. At least one tornado touching down in oklahoma damaging roofs and trees, thankfully, though, no injuries have been reported this morning. Powerful storms swept through texas and kansas packing powerful winds, a lot of large pieces of hail. Storms are expected to hit mississippi and missouri later today. Meanwhile, a delaware judge is allowing cigna to pull out merger with anthem. Both companies have accused the other of violating the merger agreements. Take a look at how thats affecting the stocks. Cigna shares up 25 , oneyear chart year over year. Anthem shares climbed, all changes with obamacare, this will continue to be stocks to watch and really keep track of. Maria all right, cheryl. Coming up treasury secretary mnuchin arriving to the g7 meeting, what that trade deal looks like, what that means for america . Thats next. Alexia gets upgrade, amazon virtual assistance, what it means for carld holders, back in a moment whether its connecting one of the worlds most innovative campuses. Or bringing wifi to 65,000 fans. Businesses count on communication, and communication counts on centurylink. Welcome back. Thank you so much for joining us. Its friday may 12. Steven mnuchin in the country for the g7s summit. A new tray dealt with china. They call him a note telling guy. Will, the last 24 hours had just raised more questions about why donald trump fired fbi director james comey. No one seems to know why. Donald trump doesnt seem to know why. More on the war of words. The markets this morning look like this. They are down about 30 points. As a Major Pressure on the market. The sexy little change in europe this morning. Were looking at fractional gains. The mix performances to report. The shanghai composite up three quarters of 1 . Another sticker for United Airlines. It is Home Sweet Home for millenials. What it means for the economy coming up. You can now pay your bills using amazon in the Virtual Assistant. The blockbuster battle heats up this weekend. U. S. Attacks or tax reform and trade on the global stage. Steven mnuchin is in italy this morning. Breaking present trumps economic message to the finance ministers conference. Good morning adam. Every conversation i head with the treasury officials boils down to one word all of the policies that hes discussing care with the g7 partners had two in some way recognize the desire of the chump administration to create jobs for American Workers through free and fair trade policy. Tax reform in the med seats is because its potential impact on trade. Heres what he have to say as he was arriving today at this mornings session. Select were excited about u. S. And trade policies. They made an announcement. To make you of different leaders here saying that the United States needs to be the political and economic leader for the g7 and for the world. But there is concern over the America First policies of the trumpet ministration and Trump Administration and what kind of impact that may have on globalization. The former deputy assistant. Brad, good to see you. Thank you so much for wayne in this morning. Lets talk about that. I feel like this has is been the one Sticking Point with china that virtually all business who want to get a foothold there have complained about. Typically they dont give you an opportunity to really own anything. What do you think about this deal. Were getting american beef in there. Were also getting imports from them. Chicken and other things that show reciprocal nature in trade. I think this is a good first step but its only a first step. Which make sure that the deals china makes at the deals that china has been the key. Is only as good as it is in the enforcement and performance. We need to remember its a commentator dictatorship. This is outstanding. If we get even part of this we look at all of the anti growth parts of the agenda. The trade agenda is scary for a lot of businesses. If this is the focus opening other markets. Getting them to not demand joint ventures this to be a great focus. I want to ask brad at does he worry about the rhetoric which clearly the white house has struggled and how it communicates with the American People to say the least. Do you worry how the rhetoric particularly with trade could roil the markets and maybe help businesses operate here. We are being truthful. With our partners. Were telling them all about jobs for america. They need to think about their economies as well. We all had to be a little bit selfish but at the same time we have to be collective in understanding that our decisions are are affecting the Global Market but theres nothing wrong with Steven Mnuchin and the new trade representative being candid and honest with our trading partners. They had been honored in the breach. And thats gotta stop. My question to you is are you can see a lot more cohesive coordination with the chinese. He told him he actually them he actually just had a bombing in syria. We are focused on north korea now. We can see more of our secretaries going over there to try to force a closer relationship. The military expansion in the south china sea. Hopefully its good to be more carrots than sticks. Certainly they have obligations militarily and economically that they have to step up to the plate and be honest with. The Senate Confirmed robert late for the role yesterday he will play a key role in deciding the future of nasa. What are your thoughts. I think this is an allstar. You can look no further than the senate vote as you pointed out. Here is a guy who is also a trade rep under reagan. Hes dedicated his life in the private sector to trade deals. He understand what is a good deal and a bad deal. He is gonna lay out what a deal needs to be and what it needs to be in the enforcement. Theres no better guide at this time than at the trade rep that we have now. Once again we are watching the president try to put the right positions in place but hes way understaffed. Is playing catch up now. But the good news is hes getting good at qualified people that are not only will respected in our country but more importantly i think wellrespected overseas in the partners that he has to deal with. President trump sets his trumps sets his sights on the comedian. During the new interview with a time magazine. Heres what he says. Theres nothing funny about what he said what he says is filthy. And only helps me and people like them. Listen to what he said last night. Mister trump. Theres a lot you dont understand but i never thought one of those things would be show business. Ive been trying in trying for a year to get you to say my name and you are very restraint. But now you did it. Your thoughts. This guy sky is desperate. Hes desperate for weight dash make a radiance. Weve a president has better ratings than stephen colbert. He is just a flea on the butt of an elephant as far as im concerned. First amendment he has every right to say what he says if you dont like it dont watch it. It was very offensive and i cant believe it came out of a late latenight talkshow host. The things that were being said about Sarah Huckabee sanders on the internet people should be ashamed of themselves. Looking your mother in the face and talk like that. They want free speech. The lefties and liberals. They support the community but hes just there. He needs to apologize for using that type of language in donald trump brought it up in the time magazine. There are kids watching. Just like cricket hillary. He will never live that down. Brad blakeman there. United gets stuck by another incident. Theres a scorpion on board. The details next. King arthur hoping to see that. [music] i want to be your friday night sweetheart barefoot in the moonlight. I want to be your jackpot, hotspot wide open road. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Maria welcome back. Take a look they are expected to be done about 30 points as you see there. A couple of names were watching this morning. The governor reported that the school trial of the cancer fighting drug. The drug helped reduce the risk of death in cancer patients. The Company Reportedly teaming up with two arrivals by speed but speed is reported that it will report in amazon prime audio app this summer. Its also planning to bring itunes a russian fighter jet going very close. According to the pentagon the jet came within about 20 feet of the u. S. Navy spy plane. It was conducting routine operations in international airspace. The encounter is considered safe into professional. United airlines back in the news with another scorpion problem. It was delayed for hours yesterday. After the insect was seen on board apparently crawling out of a passengers shirt sleeve. He wasnt stung but all of the passengers on the flight had to be transferred to another aircraft so that they could search and fumigate the plane. Amazons Virtual Assistant is teaming up with American Express the new function lets them check balances. You Say Something like alexa tommy my American Express account balance. Then she will give it to you. As well as using the mobile app. We will see. They are finally giving the Housing Market a muchneeded boom. Younger buyers are getting out of their rentals to look for starter homes. They were reporting the number of firsttime buyers was double the number of new renters. They are beginning to ship their focus of way from luxury. This happened in the early 90s as well. When it became cheaper to buy than rent and we have a huge housing boom in the 90s so i think this is a good thing. Take a look at these top moments from the program. I have no problem if they write their own bill. If it took them passing the bill to get them moving on a bill i think them for that. But whatever they do they need to act because more people are leaving. Would you consider the job. I try not to get into that. Its an honor to be talked about in that sort of thing. The only person whose opinion matters in this is President Donald Trump. What is your take on the firing and how it was executed. They have the ability to fire at well. This president knows how to do that. James comey lost the ability how to lead. He announced that he would not prosecute Hillary Clinton for espionage. There is a speculation that you were playing a very big role in terms of donald trump considering Rex Tillerson as secretary of state. They needed a different kind of secretary of state. Hes also an oil man. I sense the president is reluctant to do that because he doesnt want to get involved in a protracted war. President trumps halt on travel. They will get a say in court today. They focus on that. They were picked by president obama. They were in his original order. He was saying im a take the original order to eliminate one country and get oppose a 90 day band. We think of the trump reaction. Its pretty irresponsible. It should be a booming economy. That raises wages. That allows people to keep more of what they earn my keeps prosperity in tax revenue. So the average price of the Luxury Property there was 270 million. It was definitely due to brexit. They say knowing someones credit score would affect their willingness to date that person what about millenials. Do they care . 45 dont really care. My son has a budget that he lays out for every day. I ask asked him about his current girlfriend and he said i decided that i will bring in the budget later. With a clear advantage. Fidelity, where smarter investors will always be. Buttrust angies list to help. , [ barks ] visit angieslist. Com today. Thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov that was a clip from king arthur legend of the sword. As a reboot of the classic. Mike, good to see. Thanks so much for junior. How big will this be. With this compare to the gain you seen. When you remake an off movie. Theres no other real reason to make this. The movie only works about 50 of the time. And this is one of those big and bright idea movies. This is a retelling of king arthur. The thing you are looking at our not there. The critics are out in force. Hes getting criticized. He is on the screen for maybe two minutes. The movie continues. What do you think about john sina. Actually a very likable screen presence. He works really hard to be whatever it is. Hes funny, and hes germanic. Its mothers day weekend. Go behind my faith. What do you think of amy schumer. Its funny when you see goldie hahn its like she hasnt been on screen for 15 years its hard to believe. Its fun. Amy schumer kinda plays the same thing. Shes like americas sweetheart. She can turn down rolls. I cant believe kurt russell and how much hes working as well. Even the guardians of the galaxies they been snatched. Wasnt funny. It is what it is. Its funny together. I think unfortunately the multi theater showing. Thats the world we live in. Mcdonalds was chasing its padding. Next hour on mornings with maria. [music] predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Im 51 years old. M. When i was diagnosed with pneumococcal pneumonia, it was huge for everybody. She just started to decline rapidly. I was rushed to the hospital. My symptoms were devastating. The doctor said, pam if youd have waited two more days, you wouldve died. If id have known that a vaccine could have helped prevent this, i would have asked my doctor or pharmacist about it. Here comes the fun with seadoo. Seadoo has the most affordable watercraft on the market. Starting at just 5,299 and get 0 percent financing. Visit seadoo. Com today. Ostriches dont really stick vitheir heads in the sand. Ve horns on their helmets. And a real john deere is actually real affordable. You learn something new everyday. The surprisingly affordable john deere e series tractors. Maria good friday morning everyone. Thank you for joining us. Happy friday. Your top stories right now at 7 00 a. M. On the east coast. Republican congressman facing fire. Protesters are lined up inside and outside the town hall. You want me to be nonpartisan and this is highly partisan. Senator rand paul telling me yesterday on fox news that the Obama Administration unveiled another republican senator. A scare in the water for some california beachgoers. More than a dozen sharks were in the water. New concern over a common painkiller. Big changes coming to the mcdonalds chain. A new offering for people who do not eat meat. Its headed for the fourth day of losses in a row. Theyre expected to be done about 30 points. They are edging higher. Very much close to the flatline. Micks performance as a take a the biggest performer was up. More on the controversy this morning. All of the stories coming up this morning. The chief investment officer. In the wall street journal assistant editorial page freeman is with us today. Im so excited to hear what he have to say. This is what theyre trying to do get the jobs going. And letting them through. More like corporations. That is so critically important because it says we understand Small Business operators. We understand the American Dream and were gonna do something to do something about it. One of the biggest cost they have our healthcare cost. And that played it through when the obama care was being deployed. The have of the u. S. Small business administration. Linda mcmahon is with us this morning. They are taking in liberals during town hall meetings. You had been the single greatest right to my family and the entire world. I will not forget. You can also say why obama unmask general flynn. Journey right now is dave brad. Congressman, good have you on the program. It was shots from this meeting on tuesday. Im not too upset about that critique. The major thing that upsets you is that they vote like the bad guys. In that town hall is a 80 hard left. They booed the preachers into the prayer and the idea that rights come from god. They raised their hand and shouted that they were a tax increase. The newspapers arent doing news. There is policy being discussed in these. I wish the press would do their job on that. And pay a little less attention to that. Its kind of to be expected in this new climate. What are your constituents feeling about obama care. They are trying to offer up a solution and theres nothing else out there right now. So what are they feeling about how the is imploding and what they want to do about that. You wouldnt know because the press go interview the first ten Small Business owners in our phone book. Every Small Business is getting clobbered. It has been devastating. You republicans are killing people and its taken seriously. Its kind of a double fine comedy right now. Congressman dont republicans deserve is some some of the blame because you have done a poor f minus job within this bill. It only applies to 11 Million People in the individual market. With medicare, medicaid s chip. And only applies to the states that opt out. Only those people that leave for one year and then there is 130 billion to take care of that small pool under obama care which had a rich preexisting condition treatment only a hundred 15,000 people nationwide signed up. So this is what the trauma is about. We know that it is quite important in this moment in time when youre trying to get legislation out whether it be healthcare as well as tax reform. I ask about this bombshell that happened yesterday. He dropped quite the bombshell. They have multiple sources. Some of this has been published already. The Obama Administration was looking at my private information. There were rumors of other people that ran. Although one of the senator that confided to me. He was surveilled. Including his phone calls. Rand paul was saying he was surveilled. Another senator confided that he was also. You can only assume that. I make of it they surveilled the wrong guy. What an error. In a rare know of bipartisan agreement Bernie Sanders all the way over to donald trump agrees you better clean the swamp and reduce the budget from 4 trillion every sector and business. They got to solve the problems of the day. Nobody goes to the local government because itll had the money. The bureaucratic state is growing it is insolvent hundred trillion light on unfunded liabilities. Now we are going to have a federal Healthcare System again we need to move the power and energy in the money backed onto the states and so the reason there is surveillance is because theres so much money at play. Its always the money. And thats the bottom line. What was the information they were collecting and what do they do with it once they collected it. We seen a lot of information leak out how much of that do you think was coming out of the call me james comey fbi. This is a case where he should come back for one more hearing and asked lynn what his agency was doing during that time. From what i heard he is coming back in front of the full senate and as a problem. That position has become hyper politicized back from the hiller email files in the yoga notes et cetera. Going through to billiondollar Clinton Foundation and the president talk talking to the have of the department of justice and now the democrats want equality and fairness so they are trying to find something on trump and the russia site and the whole thing has become politicized. We need a way mark mooring bureaucracy. They are a nation of laws and not of men and women and has become way too personalized and the law lot should do the speaking and thats it. They collected intel and in the names were removed. From what you see where their legitimate reasons to do this or does it look like politics to you. The rights are being protected from the federal government never shouldve happened. We were promised this never could happen. Looks like they can easily find it now. I dont know why we are all surprised. They came out completely. Have they given a gates a the gates notice to the senate and informed them that this is something they could get intelligence in but they didnt get the gates and notices. Thats the main issue at heart here. The American People are not familiar with any of this. The folks the other night in the town hall we got into it. The whole night they were trying to set up, writes we should have in this country. We need to get back to a fundamental discussion. The discussion is sadly lacking. The kids in the k to 12 dont know what the right is anymore. Congressman, with due respect to the American People to marias point shes been on this weekend and week out. Was there an abuse of power in terms of this surveillance and unmasking of Michael Flynn and get to the bottom of who did it. The American People have every right to know that. Poorly little in action. Wheres the investigation. Where is the investigation of the unmasking. In talking about the potential collusion. You guys are doing a great job we have good oversight in the house. They keep it pretty tight. They dont want the information leaking out. I dont know what they know but there are going to vent it out in the newspapers. They need to do a professional job. The people want to know what you are pursuing and how you are pursuing it. The more professional and but not you are the left gets out to the folks. We won question on the agenda. Are you looking for a fight when it comes to tax reform as it relates to border adjustment tax. Should we expect another one later on in the year. In the Virginia Republican treaty. We believe in free markets. Out for prefer a little bit more free markets. We voted yes in the end. The border adjustable there can at duke that out. Im not sure if that peace survives. We dont want to fight we want to move that thing through in a matter of months because the market has already built in. We need to keep that momentum flying. We dont want any fights. But lets talk ahead of time and see what we can get through. We better bring the equity to the Small Business person. They are surviving the fine and dandy. Under the obama regime. The big insurance is are surviving. We need to provide some relief at home to the small guy. Congressman, i think you very much. I appreciate your time this morning. A new director from attorney general sessions office. Im letter from attorney general Jeff Sessions has instructed them to pursue the most serious charges possible against most criminal suspects in their city. It overturn policies. Now this means more suspects it will be sent to prison for much longer. They will trigger mandatory minimum sentences. The new director. Its at 8 00 a. M. Eastern time this morning. While, he you never want to hear this phrase. You are swimming next to sharks when at the beach but it happened when dozens of a great white sharks were spotted off the california coast. Listen to them issue this morning. Issue this morning. This is the Orange County sheriffs department. They are asking us to make an announcement to leyou know that your paddle boarding next to approximately 15 great white sharks. Can you imagine. Officials say the number of sightings have increased. In other headlines this morning the lawsuit against huber has gone to trial. One of their former engineers still confidential documents that he found it self driving chuck truck started. They are recommending that they need to be regulated as a Transportation Company not an Online Company anymore and the advisor said anything comply with this tough top safety rules as well as other legislation. A lot more than is coming for huber this morning. Mcdonalds is helping its franchise upgrade. They offered to pay 55 of the cost for changes that can run as high as 700,000 for each restaurant. They expect them to pick up most of that tab when they do upgrades. If to you travel to norway to get it. No plans to bring it here to the u. S. At the moment but we will ask them as possible to make a completely vegan burger patties that are utterly delicious. They make up with quinoa and nuts i guarantee you they eventually had im more concerned about the pal borders. I always kind of wondered why my friends in Orange County never go to the beach very often. Im starting to think this is the reason why. Is that the rollerblading of the surfing. That would be my advice to mcdonalds. This trend is taken off huge. They send it to congress for testing sanctions. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. 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What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Check your medicine cabinet. A new study is linking the use of overthecounter prescription painkillers to the increased chance of heart attacks. It is known as incense. It could increase your cardiac troubles. Are they causing cardiac trouble. The most important thing as it was a direct correlation they took over 400,000 people and they looked at how many of us people have a heart attack. A lot of these patients had had ibuprofen for at least one week some sort of that for one week leading up to that heart attack. The longer they were on it and the higher the dosage more likelihood they would have that cardiovascular event. If you dont have that risk should you be afraid to take things like that. If you have a headache you have to take your ibuprofen. If you think twice about taking a handful of ibuprofen when you take that. That could be a serious medical condition. As the most common heart arrhythmia in the country. You and i have a very normal kind of beat beat. Is typically much faster than a normal heart rate. They are clearing the patient in. Lets help minimize the effect of parkinsons. It also the video about how the young woman was able to write her name after years. The watch vibrates at very specific intervals helping to cut off this feedback mechanism. I Love Learning more about sensors and what theyre doing in terms of healthcare. When we come back President Donald Trump looking to rollback regulations from Small Business. And then dont know what to get your mom for mothers day. Theyre offering chicken flavored chocolate truffles. Back in a minute. She needs more care though. She wants to stay in her house. I dont know even where to start with that. First, lets take a look at your Financial Plan and see what we can do. Ok, so weve got. Well listen. Well talk. Well plan. Baird. Welcome back. Good morning everybody. Thank you so much for joining us. Its friday may 12. Here are your stories. They eagerly await the capital. Healthcare putting a possible burden on industry. The address congress but they are sending the rear congress. More on the rising tensions against the two countries. Watch. What you want this deleted. I dont know why. Because im videotaping you guys. They are forced to apologize once again after passengers of flight was canceled as he was filming an argument with an airline employee. The markets look like this this morning. Nasdaq, s p dismount flatlined. They are very fractionally moving. In asia over night overnight the mixed performances take a look. The shanghai composite up at recorders of 1 . Yet issues a massive recall. It could prevent airbags from deploying. What you need to know before you hit the road. In high school are in hot water this morning over the senior quote. Life is like a box of chicken. You never know what youre going to get from kfc. The chicken flavored truffles. Small businesses are the backbone of america and they are at the center of a royal debate. Heres what paul ryan had to say about the tax burden on Small Business while speaking in ohio earlier this week. The tax rates in canada our 15 . [indiscernible] eight out of ten business in america our 40. 6 . We are taxing businesses, employers and jobs. When they tax the job creators. Much higher tax rate. Its the Small Business administration. Its always a pleasure to see you. Thank you so much for joining us. I know we are just coming off of a Small Business week. Is it largely the tax burden that is stopping them from deploying new money into this market or not . Its a big burden. It will be a big boom for Small Businesses. They could take that money. They would hire more people they would grow their businesses. That creates more jobs. The Regulatory Environment as well. I know the president has in trying to rollback regulations to get the barriers and the process a lot easier. It can take you days and weeks its really tough. The janitor and everything. They can afford. They dont have the resources that a larger business would have hiring all of the lawyers all the time. They just dont really had that. What are you hearing from them. They are really looking for to having taxes reduced. They are more invested now in the economy. I really thought the sense of optimism and new reveal is dash revitalization and entrepreneurship. What areas of Small Business do you think are growing the most. Where are the growth spots within your view. A lot of the businesses that i too or are in the Technology Area so thats a big growth. Nuts were seen a lot of growth in the Small Business. How do you indicate that. A lot of services. This is a service driven economy. President trump signed an executive order yesterday to improve the nations cyber security. And be able to afford it. I think you will see more and more Small Businesses as a set up the internet for their services they are mindful of that. So they are building in from the beginning. Thats not as much of an issue for Small Businesses that i hear as it is the regulatory and the tax environment. Thats where they really want the support. You are known as the former ceo of wwe and one of the biggest stars. He might throw his hat in the ring and run for president were you surprised at that . I was a little surprised because i didnt think he have any interest in that. It doesnt surprise me from duanes point of view. If donald trump can do it i can do it. Because people want to change. They want to break through the bureaucracies that have been so persistent in washington. I think thats true. Basically Small Business was designed there. Small medium enterprises. The whole issue is getting Small Businesses launched. What america is facing right now in terms of trying to come up with ways to unleash the activity thats taking place around the world. We were there yesterday to lunch on the first day of our big meeting on global june 27. It was great to have that reaffirmation from leaders around the world that we are on track with the Small Business we need to support them everywhere. The president has looked at tax reform as doing just that. One of the reasons that he wants to do tax reform is that it will lead to growth. They will then fire back. Do you think that is the most critical. Most of the Small Businesses are s corporations. If instead. If theyre advocating 44 or 55 percent of the taxes. You have to believe that will trigger job creation. Have he make sure they dont have anybody trying to gain the system. When youve you 15 pass through rate whats is a 70 might not say i am xyz enterprise and im an llc just to get that 15 tax rate. I think there well always be people that try to do that. Lets look at the macro view of that and how much we would help Small Businesses really grow and hire more people and what that will do for our economy. Are you looking largely at the domestic situation. And youre seeing how it relates to the rest of the world. Is it largely a domestic story. Part of it is domestic. They are outside of the United States. Our Small Business its what they do. We are helping them develop on it. It doesnt create markets outside of the United States but it really wants to help the companies that are here. So what can you do to further that growth potential. We have the expert express loans. It does help it flow into the market for those businesses that are creating that market for experts. I can tell you also what is just as important as the counseling aspect. Bhutto how to prepare their market plants. They want help with understanding of the Regulatory Environment but they just need help to understand the International Marketplace and what is available for them. Aspect through score and women i want to be better known for all of the services that has to offer. I want to educate. Great to see you. Coming up a recall for chrysler to tell you about. A Software Glitch could prevent airbags from deploying. After the books were confiscated because a senior quoted the president. The controversy next. Its all back in a moment. [music] its always a good time. Here comes the fun with seadoo. Seadoo has the most affordable watercraft on the market. Starting at just 5,299 and get 0 percent financing. Visit seadoo. Com today. Welcome back to mornings with maria. North korea sending a rare letter to the u. S. Congress. North korea state media claiming the country sent a letter to the house of representatives over new sanctions saying that its a heinous act against humanity. A recall of 1 million north american trucks from Fiat Chrysler Just Announced has led to one desk and two accidents within this industry injuries. It could affect their ability to deploy an accident. It is going to reprogram the software and all affected vehicles. Some High School Seniors wont have much to remember this year by because theyre your box were compensated. Confiscated. The parents are firing back saying that the school should have read over the quotes before they printed the yearbooks. Kfc is celebrating mothers day by making chicken flavored chocolate. They have created milk chocolate truffles in the inside is the secret recipe. Only 50 boxes of them had been made. The other 20 are going to be given away on the companys facebook page. I have to investigate. One person wrote honestly i dont think either of them sound tempting to just stick to chicken. You have not gone wrong there. I hope they check the buckets after opening them as they go through the drivethrough. I would say to stick to chicken. Who wants these. Thats like tunafish chocolate chocolate. What does that teach children when you basically tell them you adults what does that teach them when you say you wrote that in the yearbook but we dont like what you wrote so were going to take the book back. So were going to take the book back. Your speech is only free if you agree with me thats the mantra of the left. Its kind of a reminder that maybe goes it goes a little deeper. And its really at the College Level where you want to allow more open inquiry. Where you want to allow more open inquiry. There even doing at the high school now. If they were saved Elizabeth Warren or Maxine Waters with a recall those yearbooks. We will take a break about that. Do not fill me and then she turned round and she went to the flight. Times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Welcome back. With all the recent airline controversies you would think that they are facing Turbulent Times but that may not be the case at all. Tracy were here with the details. Quite the opposite. Airline satisfaction is at an alltime high. Based on cost in fees. The study also found that bumping passengers is at an alltime low. Hard to believe after all of the Airline Incidents we have seen recently just the other day United Airlines was forced to apologize yet again for this cell phone video that shows a Heated Exchange in between a passenger and a ticketing agent. She canceled his reservation. Among traditional carriers they rank tires with adults and second place. It was at the top with Jetblue Airways behind them. The data was collected from march 2016 to march 2017. That was before all of these things started popping up in the news. United was fourth, American Airlines was third. There is that down at the bottom. Its really not the airlines of all. But they are responding to unruly passengers. I blame the belligerent passenger behavior. For making the flying experience so miserably. Now everyone is jumping on the victim sheikh bandwagon and they started filming again. The father who refuses to move the carsey out of the seat when nicely ask whats his wife doing filming it. He is yelling at the flight attendant. Other state as i paid for it. They just want him to deal with it. His wife is busy filming it. The other situation he did admit that. He said that didnt play a part in it. To that point with united you cant cancel the flight. How would you react in your job if someone shoved of phone in your face constantly. They did it deal with deal with the united flight when they dragged it up there. They shouldve raised the price of incentivizing. That is an issue also. The gate agent behavior. Whats worse than that. There is a fight recently on the South West Airlines flight. The flight had just landed. Its interesting though. The data suggest that maybe there is a sign majority of Airline Customers that actually inks the service is pretty good. You need to go to an auction. And if you need them to tweet some rules. But people have to understand that if you have no bumping from flights you are going to pay more for tickets. The load factor is running about 85 percent. They are 85 full. There really completely full. At its highest its been in 20 years. And the videos that people put out there it creates this mob mentality. They go to the airport expecting of flight. Youre bringing up a good point. Spirit airlines. You have to know youre getting a discount i forgot that soccer melee in the airport was that the airlines and faults. People are not taking responsibility. Weve all been there. We stifle and deal with it. Were breaking is we want to report because President Trump is tweeting right now. The story that there was collusion between the russians in the Trump Campaign was fabricated by democrats as an excuse for losing the election. They are saying the fake media is working overtime today hes talking about that russia investigation of course. Weve spoken about so much on this program. The milkman is making a comeback. Companies are back to delivering milk from the farm straight to your door. [music]. My unique needs. My dell Small Business advisor has gotten to know our business so well that is feels like hes a part of our team. With one phone call, he sets me up with tailored products and services. And when my advisor is focused on my tech, i can focus on my Small Business. The most serious charms, possible, begins most criminal suspects in cities this move turned policies of eric holder that withl written to avoid charge defendants with drug observances paxton mr. Attorney general good to see you thanks for joining us. Good morning. By i triggering mandatory minimum sentence more suspects will be sent to prison for longer terms thoughts on new directive. We have been looking for this for a listening time we are grateful that that sessions has issued this about directive, we struggled with crime last five or six years in texas to illegals, Law Enforcement not allowed to do jobs we are grateful for this new directive. How does this play into narrative this administration is coming out with whether billed a wall has been a detierent against i will immigrants coming in how do you see this playing out one cog in wheel or main directive types of policies to deter,illegal criminal activity so that i think it is another cog in the wheel we have struggled as i said over the last 8 years, not getting much help from the feds we have had to fund our own efforts, we dont have same authority, so i just know tracking to Law Enforcement talking to Border Agents this is making a significant difference in their efforts i think you are seeing the results in the statistics and the lower immigration we have i think also the effect on crime. James here the wall street journal, i am wondering as a general matter this with sessions seems to be saying is were going to enforce the law if people think that drug sentencing is too harsh that is an issue the legislature ought to solve, not the attorney general deciding they are not going to charge, certain offenses. I absolutely agree with that not the job of attorneys General Office state or federal, to decide what the law is our job is to enforce the law,and has the exact right view on this, it is Congress Wants to make it a lesser offense or greater offense up to them to make those changes. Dagen mcdowell, when you dont have all the states and cities in this country onboard enforcing federal law how much tougher does that make your job job of Law Enforcement in the state of texas the job of being the governor as well . It is a lot tougher i think that is why you are seeing in texas, effort by legislature to clamp down, sanctuary cities governor signed it so quickly, you know, obviously weve had our problems here with, you know, Travis County austin we have a sheriff releasing, convicted o felons, convicted criminals in society, there is absolutely no benefit to the state of texas for that happening. What do you think about all this pushback how is the president going to implement his agenda, if you have these federal judges, stopping, and you know putting temporary bans on his immigration ban for example. Well, we are optimistic now that we have a full Supreme Court that some is going to be right, the travel ban for example absolutely correct under federal law, the ninth circuit made up law we are confident these things are going to be corrected. Let me ask you about this two republican law firms from texas working with Trump Administrationing on immigration Border Security bill cinitiativen naming mick mccaul Senate Majority whip john cornyn with ron johnson of wisconsin, as lawmakers craft this bill what are your thoughts on this that. I am glad two texans are involved we are optimistic working for for years, very frustrating for board states texas arizona not to have this type of legislation whatever they can do to make our job easier we are loing forward to seeing. It is pretty incredible that the number of attempts to cross the board dropped so much given the fact that you know, he is facing all of this, what do you want to see in texas . In terms of border cal babe about border wall right now in some areas in the south, we may need an actually a cement wall right. This is great, the fact that president is talking about it i think has impact on illegal immigration talking about it right way also the fact they are actually moving forward, you know having the knowledge that a border wall is coming you can look at example in el paso difference that it made, when they put a fence up in 1990s made a significant difference in crime, so whether we have a wall al the way across or more agents or whether different technology, all of that i think will be effective in helping us make a difference in this problem that we have in texas. We will leave it there great to see you as always thanks so much. Attorney general paxton in texas we have breaking news to get to President Trump tweeting right now, as a very active president with lots of things happening, it is not possible for my surrogates to stand at podium with perfect accuracy may be best thing cancelpress briefings hand out written statements forsake of accuracy. Mr. President you need to take ownership how the firing of jim comey, no longer debating whether not should have been fired. Right. Not debating whether he should have been fired it is how it was communicated to American People, and the poor communication causes more problems for your administration, unnecessary problems, talk to your Communications Staff if you were thinking about firing jim comey from the time that you were elected to highest office in the land should have had a better strategy, once the decision came down, telling at the American People where you did it President Trump did it last night in front of lester holt could have done that tuesday night in front of a microphone. This was not comuf if ynot i have the people saying why object holdsouts left how come jim comey still in the job he said not too late to fire have him we will see what happens. I have confidence in him see what happens, that is right there, suggested to me that he was considering firing him it is how he handled it we saw in 38 of people approve how he is handling it his administration, and this is going through whether it was travel ban we talked about when he was first elected, or first inaugurated health care this is so if we have a good outcome that he that it was about how he did it, this is far superior to last administration, where the presentation was smooth the policy outcomes horrible. Very good point. If we get a great if we get a great he tax reform he explains in it the really bizarre way we will take it. My point is when you you when the narrative changes, a week a week and a half ago it was about they got a Gop Health Care bill, approved and focusing on tax reform and now, everywhere it is comey firing, the change now. How about this go look tat oped today where is the investigation on the leaking where is the investigation on the unmasking yet putting all these resources into this investigation about potential collusion when there isnt any. I think anybody. Come on. Frustrated. Fbi. We have done how many months there is no, no evidence of this collusion, keep talking about, i think it is natural that someone would want to fire back in media. All right we like hearing from mr. President. So get in front of the microphone a little bit more. Coming up a nasty surprise for hp laptop owners backlash for Companies Facing after computers were found to secretly monitor every word and type there is privatization anywhere . Not rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Dot test cheryl . Welcome back, a pair of bombs if rome this morning. Cheryl Officials Say bombs close to a post office, tabbed United Nations building, a car badly damaged in the bombings near rome center may have been caused by parcel bomb Police Confirmed two blasts same location one larger than the other, reports stay placed between vehicles near that post Office Parking lot no reports of injuries in this, we should say they are not ruling this as terrorism, in rome. A Security Company in switzerland says some hewlettpackard pcs may record every keystroke owners make, what is more, keylogger, is what stores that can be read by any user that uses the same computer nearly a third of models may affected sounds creepy one magazine is can i have defending this saying designed to identify when a user typed right key to say activate features. We report you decide on this one, there are ways to fix this, by the way, taking a look at hp up nearly 30 so far this year, so you can go to web site if you want to fix this on your model. All right, martin, the musical coming off broadway for limited run you may recall the yeah martin i know. You may recall former ceo turned pharmaceuticals criticized for raising priefz potentially lifesaving drug more than 5,000 the musical running at players theatre for limited run we will let you know. Kind of fun i like this hoping kevin does, kevin kelly a bride and groom jessia and allen of indianaa guidance to go against trajection put on flower show staging a fight to music the end of the dance kissed. [laughter] coming, thoughts . Way to settle conflicts light sabers, ending on a kiss the way to do it. Engaged . Got engaged she said yes pb. Hiding this from us . You know i dont know, i had more energy i thought more clearly never slept better amazing. There she is, it was a year into that marriage landing blows with them how about over there, going to get saber to the head. Look back might rather have a great sinatra tuna then light saber experience that would be my guess i am looking forward to it beautiful. You are welcome. Our best wait until you plan your 800th wedding disinviting anybody on the list. You better check with your fiancee before you invite coming up a landmark trade deal with china we are taking a look at what it means for american businesses, is this a big deal . Getting business bck into china, for the firstime plus one of the he greatest commencement speeches ever, watch. A lot of sharks in the world if i hope to complete the swim you will have to deal with them. So if you want to change the world, dont back down from the sharks i am admiral is here joining us before the highly anticipated commencement speech tomorrow at Liberty University, were back in a moment. Two become one. Then youre a couple. Think of all youll share. Like snoring. Does your bed do that . The dual adjustability of a sleep number bed allows you each to choose the firmness and comfort you want. So every couple can get the best sleep ever. Does your bed do that . For a limited time save 900 1200 on select final clearance beds during our spring clearance event. Only at a sleep number store or sleepnumber. Com. Maria welcome back, Steven Mnuchin round of meetings in italy as u. S. China reached a new trade deal, key component includes natural gas, it will allow american companies, to export liquefied natural gas to china joining us Steven Schwartz what do you think of this deal . Well, it is muchneeded deal, maria for the industry, with regard to the landg exports right now u. S. Is on the cusp of net exporter of natural gas mindboggling 15 years ago sxpgs were the United States was going to have to be a major importer of natural was capitalism, that said with regard to landg the industry kind of went allin on investment landg, problem was the prospects sketchy now that we have this investment another potential outlet, that also being with the potential of natural gas becoming a market driver, this is just one development of a market area that is muchneeded for the industry. So for exports potentially a very good sign for the industry. I wanted to ask you about the market. Hi. The obviously, seems like we are investors breath a sigh of relief thinking u. S. Supplies arent too high right now it wondering when you have u. S. Frackers getting more efficient thousands of wells they can essentially tap any time, can you be bullish about the price of oil Going Forward . Now cant. So if you were investor, breathing a sigh of relief, you know, good luck with that. [laughter] essentially we are looking at a situation where look, right now oil is on a rebound right now to have you ask yourself if oil cannot now when is it going to rally, because the demand for crude oil at this point of the year, has never been greater this is the most important time of the year yet still struggling to get back to 50 dollars a barrel. So at this point, Going Forward to your point looking ahead, from supply standpoint when you look at cftc data the count when we look what eia is saying, u. S. Production is going to be well north 9. 5 Million Barrels day by end this have year we added 700,000 barrel of oil back to the market, a lot of that mitigating what opec has done and as you said to your point about efficiencies greater margins u. S. Production is strong and only getting stronger, that is half the equation. Look at the other side the demand picture at this point. Now, anyone who looks at market we all know, tesla is probably the greatest keerpt welfare out there but they are onto something substitutes are big out there this market greater supply not great demand leads to kind of muted prices going looking in long term. Good stuff thanks very much joining us there another look at the demand side of the economy in just a few minutes, retail sales number out in three minutes, President Trump is set to address students at Liberty University, the protests ahead of his commencement speech we tell you about it stay with us. Ooh seadoo has the most affordable watercraft on the market. Starting at just 5,299 and get 0 percent financing. Visit seadoo. Com today. Mccraven. Maria well back, good friday morning thanks for joining us. Im maria bartiromo, it is friday maybe 12 top stories right now 8 30 a. M. On the east coast, protesters are targeting President Trump no i, as the commander in chief prepares to deliver the commencement speech at Liberty University, tomorrow morning, the left is rallying against disappearance tensions ahead of it speech coming up President Trump tweeting moments ago, this, james comey better hope there are no tapes of our conversations before he starts leaking to the press. We will have latest, retail sales up 4 10 of a percent weaker than expected expecting a gain 6 10 of a percent now the number up 4 10 of a percent below expectations we continue to see the Retail Industry hammered, First Quarter was not good, yesterday, of course, we saw macys report earnings that was below expectations the retail sales number sector weak spot in the market and economy futures indicating a lower opening nor broader averages markets not changesed much retail sales number certainly below expectations in europe stocks little changed to look at european indices gainers across the board fractional moves ft 100 up a quarter of a percent 17 points higher in asia overnight mixed performances as well hang seng shanghai composite higher, the nikkei average kospi lower, holy cow milk man is back deliver Service Going from to big business in some part of the country, we will have all those stories lets get retail sales with breaking news hitting the tape retail sales up 4 10 of a percent expecting it to be up 6 10 of a percent kevin kelly. This is a good number kind of a reprieve from what we saw for march as well as february those were bad numbers declines expected to be up, and so this is actually nice, because the First Quarter of this year was the weakest Consumer Spending we have had in 8 years, so this is to a little bit of a reprieve some First Quarter had to do with weather, they always blame it on, at least this was positive, and close to the estimate. Maria so you are not worried about the data. Dagen no, i think i agree with kevin completely on this, that maybe we get a bounce coming into the second quarter, we need sxooer to come back auto sales still a concern though reports of potential layoffs at plants both gm and ford. That is weak spot for sure. Waiting for that growth breakout this is may be another remainder for washington policy makers they need tax reform done start examine exercising leadership what german official asking for. Maria waiting on policy out of white house, look at this market has actually worsened on t numbe we are looking at cpi up 2 10 of a alienat in line with expectation, but stocks, have worsened on the heels of this retail sales number down 30 points on industrial average, President Donald Trump is adding another title to his roster Commencement Speaker to speak at Liberty University graduation last wiping protesters are gearing up to rally against the president s appearance we bring in four star admiral former navy steele thor of make your bed Admiral William Mccraven is here thank you so much we have been praising you all morning, and that infamous speech, that you gave, in 2014 commencement Speech University of went viral should we lay. If you make your bed every morning, you will have accomplished the first task of the day small sense of pride encourage to you do another task. And another. And another. And by the end of the day that one task completed, will have turned into many tasks completed making your bed will rein force the fact Little Things in life matter if you cant do Little Things right, you will never be able to do big things right. And if by chance you have a miserable day, you will come home too bed that is made. Maria that was so great, empowering thank you so much. Pleasure. Your new book based off that commencement speech. It is, since i gave the speech back in may 2014, literally every day, somebody comes to up me says i made my bed today, or i didnt ring the bell i didnt back down from sharks, always ask me who was it inspired you what was it that that, you know, got you through the tough times, so this book was an opportunity to kind of showcase some folks inspired me, and talk about the tough times that we all have in life me in particular in this case. Dagen you talked about his speech. Dagen admiral, on air, many times recently, with the the shark in the snout. Commencement address do you think that are we getting soft is it because we dont have more anyone who is about serving in the military not. I am often asked about millennials, the 9 11 generation i saw in military, i mean this was a millennial generation, and the young men and women that are coming to school, every day, across the university of texas system across texas that i see are the millennial generation, and they get beat up a lot but i got to tell you some of the finest young men and women i have ever been around, when i think about the folks that i serve with in military, they will be this centurys greatest generation. And the kids coming to school want to be great lawyers doctors, and artists, so i think we need to give them a lot more credit than they have been getting because they are a terrific group of young men and women. They need guidance. Every generation needs guidelines we all did. Admiral i go the to say this is the household my i wife and i asked kids to read that speech so many times they probably recite it by heart, i am wondering we have seen a lot of focus on special forces uses do you think america is using them appropriately or asking too much of times . I think there is an expectation, now that that seals can solve a lot of problems. We have a unique niche, unfortunately war on terrorism has allowed to us focus on them yes, we obviously are great counterinsurgence, counterterrorism skills help build other nations z military, the special operations cantstop North Koreans from south straits of open, you need large conventional forces to do that i am proud men and women in special operations do a magnificent job called upon every day around the world to do remarkable things i think always step up, and do what nation expects, but lets make sure we understand, weve got to have a strong army native air forces marine corps so that that should be enough to empower people to be you know, sort of loyal to country, and not sort of bash the president , the off thes of the president i dont know what are you expecting from president s speech at the commencement tomorrow. Well, i would encourage president or anybody that goes to give a commencement speech to kind of focus on students invariably when president s politicians give a speech they want to make a political statement, and i i think sometimes, that is a mistake, what they ought to do is inspire the young men and women that are graduating, give them hope for the future congratulate them on great work they have done to this time. Did that the other day was booed, this is being a politician or in a position like secretary devos, but i think you have to work through that i think she did work through it in a way continued on with speech made her point, that you have to lessen to both sides of the argument and not just immediately you know start booing before you have an opportunity to hear what speaker has been to say i wish president luck in commencement speech. At uc berkeley onesided conversation even at middlebury speakers cant come on, talk freely, and in an open forum, what are you feeling or seeing or hearing on the texas campuses. I will tell you texas campuses for the most part, have been pretty quiet when it comes to to you know, speakers that are not always on their side of the political spectrum, i think the unioning men and women of texas respect the fact they are going to be different points of view they need to listen to different points of view, when i came to give the speech in 2014, as you might recall condi rice had been given an offer to speak. And she subsequently declined i was a little concerned i was going to come in uniform and talk to 8,000 graduating students, at the flagship university, i didnt know how it would go as turned out they were incredibly respect full appreciative i was equally appreciative. That 2014 commencement speech at austin remembered as one of the great speeches ever listen to this. Life is filled with surfaces you will fail likely fail often it will be painful it will be discouraging at times test to you very core if you want to change the world, dont be afraid of the surfaces. I love it. Speaking of by the way, i never walk out of my bedroom without making my bed now again the Little Things, the Little Things that matter, and sense of accomplishment, and you start applying that you realize i am gushing, but you realize that you start plying that lodge and that thinking to everything throughout your day, from the moment your feet hit the floor, very, very you are holding yourself accountable important, too self accountability very important enterprise today. Graduates going to face tough times as you laid out one of the moments of that speech stuck with me was the story of the sugar cookie, people you can tell us about that. Well, the sugar cookie termed of terns term of art in seal training you have to hit surf you go out foilly clothed in if uniform soak and wet roll in sand covered from head to to in sand therefore the sugar cookie it was dplelt arbitrary if you went in in the morning you had a perfect uniform your hat starched uniform great brass shined boots looked good you could be hold hit surf become a sugar cookie students had trouble with that point instructors were trying to make sometimes no matter how good you are how hard you try, sometimes, life just isnt fair. You need to get over it move on, and so you know we all become sugar cookies some point in time try to do best we can doesnt always work out i dont think you wallow in selfpity you pull yourself up keep moving. You dont the participation, sugar. You continue get lessons for life really important, that your resonating so well with students. I am 30 years out of school right now. I am it is good the president said yes to liberty, and is speaking out but what should how should he react if he has a similar crowd, secretary devos had the other day. I do think you have to continue on, again, you know the president is likely although liberty a little bit more conservative may friend crowd, having said that will face other crowds wont be quite as accepting, and i think you have to continue on through the speech, make your point, be respectful of students of the faculty and, again, i think like with secretary devos you have to work through kind of some potential toughness awkwardness that will happen when you get the commencement stts will quiet down they will listen, and me if they only get one piece of the speech, the important piece that talks about inspiration about respect talks about pressing through tough times it will be well worth it. Thank you so much. Pleasure. Admiral mccraven joining us there graduation season right here coming up retail sales worse than expected Stuart Varney says positive Economic News being ignore he will be on next, in nasa distraughts performing 200th space walk repairing part of the exforrior we will take you there next back in a moment. Office with you, even though im here. Its almost like the Virtual Reality of business communications. No, its reality. Intuitive one touch Video Conferencing is a reality. And now its included at no additional cost with vonage business. Call now and see why 3,000 companies a month are switching to vonage. Business grade. People friendly. From the opening bell friday expecting lower opening broader averages this markets are coming back now retail sales weaker than expected up 4 10 of a percent retail focus on street jichtc penny adjusted earnings 6 cents a share, it was expectations revenue a miss, three, 1 2 percent jc penney shares down, similar at macys yesterday to a watch stock tumbled nearly 20 following Earnings Report and weakerthanexpected the same store sales macys missed expectations earnings and revenue wide margin samestore sales down 5 and quarter percent ninth straight decline expected to open lower after fallow yesterday a rough few months for sector for sure april retail sales came out below estimates joining is right now host of Varney Company Stuart Varney to weigh in you think there are positive news going on. You look at regular news broadcast or read papers all about hatred contempt for President Trump dominates news if you dig deeper, i think there are four positives about the economy. Number one, unemployment claims lowest since 1988, second, profits up 13 , that is best performance in six years, starting salaries for college graduates, this year, best in decades, 49785 dollars, on average, number four, in the First Quarter of this year, firsttime home buyers were double the number of firsttime home renters, i see all of this as relatively positive stuff i think is going underreported on the establishment media that is what i want to bring to your attention. A great point to make also an anticipation, that we will see policy that will actually improve things even more that is positive. You and i basically, this network deals with politics and money, but politics of the moment is harsher contemptuous of our president anything to do with economic growth, the money side i think is much more positive, look at the dow close to 21,000 profits up, et cetera, et cetera, i think there is a dichotomy here, of political coverage is awful economic coverage woefully short al positive if you dig deep. Maria great point stu the markets are coming back, well off the lows right now, expecting a lower opening for broader averages a fraction i know you have more 10 minutes see you then Varney Company top of the hour after mornings with maria join stuart 10 minutes time the return of the milk man, nostalgia a cash cow for Dairy Farmers across the country, next. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. 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And theyre the only plans of their kind endorsed by aarp. Like any of these types of plans, they let you apply whenever you want. Theres no enrollment window. No waiting to apply. So call now. Remember, Medicare Supplement plans help cover some of what medicare doesnt pay. Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. Maria welcome back, nostalgia straight to doorstep few things conjure memories of good old days like milkman the milkman is back americans skipping market get dairy straight from the farm joining us Vice President of marketing at trickling springs creamery, thank for being here you offer Home Delivery across much northeast how does it work. Our company, processes the Dairy Products we partner with 14 other Home Delivery ou up our milk fresh at our plant, every day, is two a week, and deliver it straight to the door pickup milk butter cheese ice cream, and their customers place the orders night before, and they come pick up product delivery it fesh. How is different when you get the milk from the farm rather than going to super market why that is important night is fresher so taste is fresher. Big difference in taste a big difference in taste one other big thing that resonates is they hear the story directly a lot close when buying it closer to the source they hear about the farmers hear about the the value that the farmers hold. How are you doing business in this new day and age people talking about almon milk trying soy milk has that been a competitive disadvantage for milk, dairy. It is it is but, at the same time, there is a consumer bill looking to go back to the closer to the raw milk as close as possible to original milk fresh milk, that is what we have been able to capture a niche for people that want that fresh freshness. The over processed prosecute you the. Processed foods has become people are looking at them as dangerous to health so that is got that going for you how many homes does trickling springs make deliveries to accounts probably to 14, deliver to maybe 100,000 houses, so one of the big trends at restaurants right now farmer to table that might be helpful for you that is extremely helpful we have a lot of restaurants that use our milk as part motorcycle and butt milk and butter drawing closer to farm to source of food. And is it more expensive, to get the the milk and dairy right from the farm . Is there a premium for that. It is. It is a bit more expensive, because you have the delivery. Sure. Part of it but partnering with local Delivery Companies bring in bread, produce and meet products with dairy. Together will lower the cost. Lowers the cost makes it very fetefficient in the mornin wake up it is on your doorstep. Love it, thank you so much sir thank you for joining us. Joe miller final thoughts from allstar panel when we come right back, stay with us. With me, come on, with me, breaking news, the president is tweeting a lot. He has another one coming out. When James Clapper himself and everyone else with knowledge of the witch hunt says there is no collusion, where does it end . Thats what weve been talking about. We want to go to our all star panel. I think hes raise ago question. At what point do you show evidence . Everything has been leaked except evidence. But the way to show u. S. Leadership is to give us a 15 Corporate Task rate. It would be a game changer. Maria paul ryan wants 25 or 20. Thats a good idea. Where is the investigation in the leaks . We have to end the show on a high note. Happy mothers day to all the mothers this sunday. Maria yes. Ive got my mom and Three Sisters all beautiful, great mothers. Dagen doggy moms, too. Exactly. [laughter] yes, exactly. Thats my final thought. Maria happy mothers day and have a great weekend and see you sunday. Dagen mcdonald. Kevin kelly, Varney Company, stuart, take it away. Stuart good morning, everyone. We were right, there is something called the retail ice age. Weve been covering it. Now, its in deep freeze mode. The big name stores are in deepening trouble. The last two days, disaster for macys. Its sales are falling. Same store with nordstrom, samestore sales are down. In a half hour youll see j. C. Penney stock take another big tumble. This is dramatic. Not only are household names disappearing from the retail landscape, the shopping malls are emptying, fewer foot traffic, fewer anchor stores and ghost malls are popping up all over. Like it o