Skip to main content

tv   Mornings With Maria Bartiromo  FOX Business  July 6, 2017 6:00am-9:00am EDT

6:00 am
of fuel to then crash into the ocean. so little technology back then. i was always sort of the possible thought. i'm very interested in seeing this documentary and what kind of evidence they are presenting. >> as a pilot you would have the best analysis of all of these. thank you for one that does the last couple hours this morning. >> thanks for joining us. or revert a rumble, take it away. >> thank you so much. happy thursday. thank you for joining us. i am maria bartiromo. thursday, july 6. 6:00 a.m. on the east coast. president trump in poland this morning. a joint news conference with the president in the last hour where the two leaders stretched the relationship between the two countries. >> it's never been closer to poland. we are grateful for the example set for every member of the nato alliance baby in one of the few
6:01 am
nations that actually meets its financial obligations. >> the president prepares to head to germany next for the g20 summit. he will speak with several world leaders including the highly anticipated meeting with vladimir putin takes place tomorrow. delimit threat of north korea. president trump issued a warning over acts of aggression. watch. >> i don't draw red lines. it is a shame they are behaving this way, but they are behaving in a very, very dangerous manner and said they will to be done about it. >> resident travel delivers speech to the people of poland an hour from now. we'll bring you his remarks live. congressman steve scalise is back in intensive care this morning. he is back in the icu. doctors downgraded his condition from fair to serious three weeks after he was shot at a baseball.
6:02 am
the very latest this morning on steve scalise. a popular tourist destination may be forced to evacuate. the wildfire spreads near breckenridge. details as they finally launches a satellite into orbit after the first two attempts. sour grapes for amazon competitors. but the plan will take over the wine industry now. markets looking like this. lower opening for the broader averages today. astros down 50 points. waiting on the first of the jobs market leading up to tomorrow's government report. adp report due in two hours. a 15:00 a.m. eastern. fun for 185,000 private sector jobs last month. investors digesting the latest minutes from the federal reserve this morning. via down across the board can add to an undertone two thirds of a percent. in the dax index down two thirds of a percent. asia overnight stocks next.
6:03 am
shanghai, china up a fraction over japan's nikkei average down half a percent. to talk all about it, dagen mcdowell. financial analyst others in marathas. pollster this wednesday president lee carter is at best. great to see you. >> i missed you. >> tell us about the last couple days. >> so much to keep up with. the missile launch by north korea, north korea, there were no easy answers to how the u.s. can respond. no easy answers and it's going to be incredibly difficult. you've got russia and transmitting with putin. people calling themselves body language expert. >> somebody said this weekend on a foreign-policy situation, it is hard to be the term presidency defined by anything other than north korea.
6:04 am
north korea certainly has become incredibly aggressive since this president took office. dagen: aggressive in china has done some cosmetic things to tell us that they are going to get on board with trying to curb the kingdom, but what they are doing is not working. they joke about twitter, but president trump treated that yesterday morning. a very serious, and they're, and they basically do we move ahead in trying to combat with north korea's doing without china. >> i see the change in tone as it relates to china. talking about all this is morning. former new york city police commissioner and intelligence vice chairman, ray kelly is here with us this morning. mike levin is with us and former ceo of c. k. e. restaurants former labor secretary nominee and the pastor is joining us as well. right now this hour, delivering a major speech in warsaw.
6:05 am
the address come in ahead of the president's high-profile meeting with russian president vladimir putin follows north korea's testing of an intercontinental ballistic missile. fox news correspondent kristin fisher is live in warsaw on the ground out of the president's speech. good morning to you. >> hey, good morning, maria. we are to have an action-packed morning in warsaw where they wrapped up a bilateral press conference with the president of poland and this is coming just one day before the first face-to-face meeting with russian president vladimir putin. president trump definitively said he believes russia did interfere in the u.s. election. also said some other countries might be responsible as well. at the press conference his predecessor, former president barack obama for not doing more when he learned from the cia about russian meddling in the election. here's what he said about the
6:06 am
former president. listen. >> barack obama when he was president found out about this in terms of if it were russia, found out about it in august. now, the election was in november. that's a lot of time he did nothing about it. why did he do nothing about it? >> at the press conference, president trump also address the growing north korean threat. he said they are behaving in a dangerous way and that behavior is going to be met with consequences. he just said we had some pretty severe things we're thinking about. listen to this. >> we will just take a look at what happens over the coming weeks and months with respect to north korea. it is a shame that they are behaving this way. but they are behaving in a very, very dangerous manner and sensing will have to be done
6:07 am
about it. >> now, president trump heading to poland, the very famous square, kind of a warsaw uprising against occupation. he's going to be speaking to a very friendly crowd did a lot of conservative supporters will be there. run by very supportive government. a lot of similarities he sees between his administration and its government. from there, president trump heads to the g20 in germany where he's did to receive a far less friendly welcome. >> kristen, we'll be watching this hotly contested meeting. all eyes on that. kristin fisher in warsaw. president trump second official business to europe while in warsaw. congressman fox news contributor lieutenant colonel allen west. good to see you. thanks for joining us. >> good morning, maria.
6:08 am
how are you? >> how important is it to your putting in context: does the first thought. >> well, i think what you are seen as a contrast the previous reset with russia in the new europe and that's the eastern european the baltic states and other places. this is the place or we should be looking at extending our foreign-policy relations, but most importantly a lot of discussion where it about the natural gas trade we can get start going with. of course i think we will have one of fired coming up within this month. that will be next month. if we can extend or energy exports into eastern europe, that will undermine the economy of vladimir putin and make it very difficult to continue on with some aggressive actions we've seen them take. dagen: colonel, it is stating that towel. it is not just importing our natural resources into europe.
6:09 am
it is just the fact that we have a growing energy sector, one that is becoming increasingly dominated healthy. just buy that excess production cover which you've actually seen this year, a glut of supply around the world. you keep prices low. that takes power out of the hand of vladimir putin. >> you're absolutely right. that is one of the key things. vladimir putin cannot continue with extensive military operations of supporting syria if the economy is failing. but we have to come to understand his three pillars to security. economic security, energy security and national security. the bridge between the economic and national security's energy security. the factory can export those resources into eastern europe did i get them off of support from russia, that really does bolster our national security and put us in a strong foreign-policy position.
6:10 am
>> i'm really curious, donald trump is meeting with putin today. there's a lot this meeting has to do. we have to see whether or not, does it seem like donald trump and putin are in cahoots. too, can we expect to see russia and the u.s. will cooperate over north korea? can we trust whatever it is russia promises or is that going to be farcical? >> no, i don't think you can trust fund in her putin in russia. as a matter of fact, they told the barack obama administration they can take care of the criminal weapons in syria. we knew that to be the case. we knew that was not to be the case. we saw what they did in crimea. we see what they are doing in the ukraine. we know they're threat in the baltic states and continued to buzz our aircraft and naval vessels. the international war zone. so we cannot trust vladimir putin. but it to operate a position of
6:11 am
strength you think i said, a complete contrast to that insidious button called the reset. >> what do you want to hear about this conversation? likely on the agenda when the president is a lavender putin on the front lines tomorrow. comes as secretary of state rex tillerson suggest the administration is prepared to consider joint operations with russia and area, including no-fly zones. here's what they have to say about relationship between the u.s. and russia before departing for germany last night. listen to this, colonel. >> leer at the very beginning and i would say at this point it's difficult to say exactly what russia's intentions are in this relationship and not the most important part of this meeting to have a good exchange between president trump and president putin over what they both say is the nature of this relationship between our countries. >> the ukraine ambition has to be front and center. that has to be number one at the
6:12 am
number one or two issues. right? >> absolutely right. ukraine invasion. the fact we know russia supported the taliban against our forces in afghanistan has confirmed by the secretary of defense and also the commander on the ground there. the most important thing we need to say is vladimir putin is stop your support in collusion with iran because iran is the number one state sponsor of terrorism in the world. if you want better relations you need to cut off relations with iran. >> colonel, you mention various types of security. we know trump is going to be tough on north korea. our economic sanctions that next step in terms of being tough with north korea? >> yeah, the economic sanctions are important. we need to look at how we can utilize our fleet in the naval blockade. interestingly enough while later on this month there's a movie
6:13 am
coming out and if you think about the years, the three to four years prior to that operation, we saw the war machine being built by adolf hitler and we did nothing. when we win in common the western powers did nothing. we can sit back and continue to show fear, recalcitrance, but eventually something is going to burst. this guy has fired off 83 missile test since 2011. 17 missile test in these first few months of the trump administration. that is more than what happened with his previous father and grandfather. >> great point. great to see you. thank you so much. lieutenant colonel allen west joining us time is the charm. two failed attempts the rocket ships the nation acts. order wine with a twist could write amazon takes the alcoholic beverage industry now with its own label. back in a minute with those
6:14 am
details. the ♪ [radio alarm] ♪ julie is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor- positive her2- metastatic breast cancer as the first hormonal based therapy. ♪ ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole.
6:15 am
and ibrance plus letrozole shrunk tumors in over half of these patients. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts... ...infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. julie calls it her "new" normal. because a lot has changed, but a lot hasn't. ask your doctor about ibrance, the number-one-prescribed, fda-approved oral combination treatment for hr+/her2- mbc.
6:16 am
maria: welcome back republican house majority whip steve scalise readmitted to the intensive care unit. cheryl casone with the details there. >> that's right, marty, good morning. good morning. doctors have downgraded condition compared to sirius. police was recovering from a gunshot wound when he contracted
6:17 am
an infection. majority whip in four others were hurt when a gunman opened fire in the gop baseball practice in virginia on june 14. he was struck in the head and the bullet tore into bones, internal organs. he's undergone several surgeries. doctors did they they thought he might come down with an infection. this wasn't a complete surprise to dock yours. we'll keep you posted on the commission of course. third time is the charm for elon musk. watch. >> five, four, three, two, one. space x finally launching its communications satellite. i was the third try. the unmanned falcon rocket blasted off after a 10 on saturday and sunday were foiled by some last-minute technical issues. the company's third launch of the last two weeks. and of course amazon with the
6:18 am
wine business but their own label. i'm very excited about this. partnering with oregon-based company is to have five brands. they had pinot grigio, pinot noir, a red blend. not that i haven't been researching this. obviously i have. they are trying to get into the supermarket business you do about whole foods for $1,357,000,000,000. just let you know how it goes. >> was just insane amazon taking over every industry. >> thank goodness for that, though. i need it now. >> i need it in two hours. coming up, buying a home got easier. lending changes making more mortgages acceptable. true religion has filed for bankruptcy. the denon retailers looking to reinvent themselves now. that is next. back in a moment right here.
6:19 am
♪ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪
6:20 am
data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do?
6:21 am
drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance.
6:22 am
treats you well, the timing never better for those looking to purchase a home. mortgage rates falling to the lowest total since the beginning of the year. companies make it easier to qualify for a loan. the rules and formulas raising the scores of up to 12 million americans. bringing group chairman and former fannie mae executives to murder right now. good to see you. thanks for joining us. the consumer credit card companies, are they doing something different right now in terms of why we see higher scores? >> over the last decade, they fallen under a lot of scrutiny.
6:23 am
experience, trans union, equifax, fica scores ultimately. you guys have not been very responsive to commands these reports are inaccurate and inaccuracies are hard to correct and therefore people have suffered. the first installment of the changes essentially has surprised some of these things. civil judgments, tax liens and things like that the customer had no idea where even they are and quite frankly the documentation doesn't support it. that's only a point. the government, the housing agencies using this fica scores with proxy for credit worthiness and capacity. these things are so outdated. the government is using atari councils for the new generation are using pokey, instagram and things like that. 50 million people around score both, completely invisible to the system. that's a bigger issue that needs to be addressed.
6:24 am
>> how would you characterize buying a home? is it a buyers market? >> it is a difficult conversation only because it's local. it's a sellers market for anybody in the market. you have this whole catch-22 where there's not enough people selling because there's not enough people to buy. one of the things in the ideas around it and in the credit box so you have more people eligible to buy losing a few well, you will have more demand in more demand will stimulate more sales and ultimately that improves the velocity turnover of the housing market where we are really challenged. >> what is going to happen if we get more going on? if rates are rising, does that mean home prices are going to come down? >> sooner or later something has to give. the appreciation of how stripping intends. that only works as long as rates
6:25 am
keep going down. you have wage growth around 2% being generous in home price appreciation of 6% a year. the only way to support that is that somehow you keep dropping in making these more affordable. ultimately you will see home prices stall. obviously if you run out of inventory that creates another separate problem. something's got to give. appreciations drop, incomes go out. >> you're starting to see that in san francisco with america gave way because the homes there were so unaffordable. >> yeah, a lot of them. >> what you see at fannie mae? we are hearing from the secretary that this is one of his priorities. weatherby fannie mae, freddie mac or something to get those mortgages out of that control and more into the air. how do you do that easily? >> i mean, hank paulson called a
6:26 am
timeout. they intended a short-term solution. it is one of these vexing issues that difficult to get out of for a number of reasons. one they controlled $5 trillion worth of mortgage debt. even if you were to get rid of them, what do you do to the bondholders of the dead? the other issue is after throwing off cash, like a two headed monster coughing up hundred dollar bills when you've got a jig assisted and issues associated with generating revenue and things like that any of $80 billion in excess comparable to what they birdie borrowed from the government. if they fill those $187 billion bid on some level it's a solution looking for a problem because markets are well served. it's their job to be in every market every day and provide liquidity. maria: why change it? i don't know. one of the issues being driven by public opinion.
6:27 am
you don't have people claiming the white house fence claiming for intimate, freddie mac. something like that. it is difficult to see where someone would get the political will or the urgency to do so. >> will be watching the situation. coming up on the federal reserve looks to strengthen bond holding. minutes released in the june meeting yesterday coming up. they spoke on skype now print the social media giant working on a video out. cool features right after this break.
6:28 am
. . .
6:29 am
6:30 am
more maria welcome back. good thursday morning. i'm maria bartiromo, top stories right now 6:30 a.m. on the east coast. president trump in poland this morning. commander in chief held news conference with the country's president where the two leaders expressed the importance of trade between the two countries. >> we agreed to expand commerce between our countries. we strongly support the three seas initiatives and america stands to help poland diversify and the first ship of nitrogen gas arrived last week. maria: we will take you there live. bring you those remarks coming up right here. marks this morning indicate a lower opening.
6:31 am
take a look. dow industrials tat low of the mornings, down 80%. same with the nasdaq. three quarters of a percent on the nasdaqment bigger decline on the nasdaq. we are taking a look on the first reading on the job's market this morning leading up to tomorrow's government report. adp report due out in hour and a half. expectations call for job growth of 185 private-sector jobs added to the economy last month. investors have digesting latest minutes from the federal reserve released yesterday. in europe the averages were lower. cac quarante in paris down better than 1%. china was the winner. up a fraction on shanghai composite, japan was done. massive wild fire threatening a popular colorado tourist destination. success is not in their genes.
6:32 am
true religion files for for bankruptcy protection this morning. why the stock is struggling one week after public debut, stock is down again 8 and a half percent as you see there on this week. facebook embracing friends, how can you soon ant continues a slide for tech stocks in the last couple of weeks. president trump taking the stage in poland during speech along side that country's leader just hours ago, the president gave a progress report on the american economy and the military, listen. >> in america we are doing tremendously well, the stock market hit an all-time high, we have in 16 years it's the lowest unemployment rate. our military is getting stronger and stronger, we are rebuilding it, adding billions and billions of dollars of new equipment, we make the best equipment by far,
6:33 am
we are adding many billions of dollars of brand-new equipment and the united states is doing very well, very strong. maria: well, he's got a good story to tell, dagen, what are your thoughts on this? when you hear him talk about the economy, military and foreign trips, he's got a successful story to tell? daig dag he does, we talk about all of those issues, both good and bad on the fox business network that we cover it all because we know that's what's important not, you know, ridiculousness. one thing i want to point out in terms of the economy, though, that the wall street journal, i always go to journal's front page to see what is their number one story because that's -- that's a great editorial guidance from those smart guys and gals tat journal. number one story in the journal today, fed officials are ready to start shrinking balance sheet and based on the fed minutes from the last meeting and comments from fed officials, they are getting ready to start
6:34 am
doing this in september, so 4 and a half trillion dollar balance sheet. they are trying not the jar the market but if you look at the yield on the ten-year treasury, it's at 2.33%. doesn't seem like the comment is so much, nevertheless that of all the shocks that we talk about, this is one that's not getting talked about. >> our markets in the u.s. still haven't factored that in terms of a pullback even though we are winding our balance sheet and raising rates in the u.s. when other central banks around the world like ecb and bank of japan get on board with tightening, then you may see a market reaction where markets pull back. maria: at some point you will see reaction. this is a huge thing. half a trillion dollars. in what time frame in terms of
6:35 am
winding this down? dr. greenspan, what do you think about federal reserve and plan in terms of winding down balance sheet, he said maria, i can't answer the question because it's scary, because it's a big deal. the fact that they are going to be winding down. he did not want to be commenting on what janet yellen is doing. gives you the severity of it. >> 4 and a half trillion in the u.s. and 13 trillion globally. dagen: right. one thing complicating all of this inflation is easing at this moment. you have a consumer who looks increasingly weak in recent months. auto sales for ford, general motors and fiat chrysler were down last month. consumer spending barely up, personal spending was up one 10 to the of a percent. >> consumers aren't spending and saving now and you don't want to see that happen if you want to
6:36 am
increase gdp. dagen: we talk about this add nauseam. we heard this from ben bernanke. please, you people who govern this nation, lawmakers, need to do something on tax reform, you need to do something on health care reform, so now you're getting into a situation where there's an even greater burden on the very lawmakers as the federal reserve is going to start pulling away, the economy start teetering and then you have no action down in washington, d.c. that's unthinkable. maria: if we only have fiscal policy, we may very well see things take a negative turn. we have the adp number out in you should two hours, expected to see 185,000 jobs added to the economy and 177,000 jobs added to the economy with unemployment
6:37 am
rate holding steady at 4.3%. in terms of this report, what do you think is going to show. i thought it was really interesting, carter, he said the second quarter will show 3% economic growth. but this is seasonal issues but expecting 4.3. lie lee they are seeing and feeling that there's growth, stimulation, they are seeing that the economy seems to be growing. there's more jobs opportunities and that's what really matters most to the people. when we get into the nuance areas and on the other side of things, is it really growing, what's going on, consumer confidence and spending, you know, you focus your attention where you want to. if you want to believe that things are going well, you focus on the one side, if you want to believe that things aren't, you focus on the other side. it's really hard for people to figure out what is truth. maria: what will you be focusing
6:38 am
on the report, heather? >> any major revisions because that's what the fed is looking at. not if we hold the 4.3% unemployment rate, that's surpassing the 177,000 expected, i want to see wage growth. i think that's more important to the fed because as dagen mentioned we are lacking in the inflation area, we are not meeting the 2% target. dagen: another article in the journal that if you look tat precondition for a recession, you look for a labor market of full strength, asset prices, tightening central banks and a pervasive sense of calm. that's a recession and that's -- >> not looking negative. maria: while all looks negative in the focus, there's actually
6:39 am
real worries of the economy so far? dagen: particularly if you don't have relief coming out -- fiscal policy. maria: we talk about tax reform and health care reform. we have this weekend and they're coming back next week, are they going to get a vote to the floor, do you think on health care bill. ? lee: no. i thought they were going to have a symbolic gesture and they didn't. it's disappointing and disheartening to the american people. they were elected and put in office on this shr promise that they were going to reform health care and taxes and this is what they're going to do and yet we are not seeing that move forward. maria: we can't get to tax reform until we get health care reform. dagen: all the talk about repeal and replace separately. legislatively is almost impossible to do. maria: not when you don't have democratic support?
6:40 am
>> unless you want to put something for a vote, replacement plan, it pit up for a vote and not do budget reconciliation. if you do repeal and replace separately, that leaves no room for tax reform. maria: they all say they want tax reform on the right and the left but still won't get democratic participation, you know that. dagen: a lot of conservative and republican governors and lawmakers have peeled off the costume they were wearing. we see people and a bunch of pigs who like eating at the trof just like democrats in terms they love spending other people's money and that's all of us, they like spending taxpayer money and they don't know how to cut spending. maria: we will watch the job's number tomorrow. tune in 8:00 a.m. eastern,
6:41 am
in-depth analysis on june's job report. we are all in right here when we get the number. coming up next wild fires blazing this morning by a famous colorado ski resort. startling video ahead. blue apron loses steam again for some investors, how the meal service has investors steaming, what went wrong next
6:42 am
6:43 am
6:44 am
maria: welcome back, markets are lower this morning. take a look at futures. dow industrials, this is the low of the morning here. down 70 points on the dow, 44 points on the nasdaq, that's three quarters of 1% on the nasdaq. we are taking a look on a couple of names on the move, we are watching amazon, first utah
6:45 am
fulfillment center in salt lake city. this expansion coming after amazon revealed that it's looking to create drone-delivery centers. amazon shares down 3 quarters of a percent sitting 964 and change. shares of blue apron sliding 9% yesterday, tough day, a rough start, of course, for the stock's first week of trading, ipo offering price lower to $10 a shares, investors looking at amazon and recent purchase of whole foods as possible competition. the stock has really taken a hit. a wild fire near well-known colorado ski resort forcing evacuations this morning. cheryl casone with the story there. cheryl, good morning to you. cheryl: one of the most popular resorts in colorado, we should say, hundreds of homes evacuated near resort.
6:46 am
this happened all yesterday, of course, still burning right now. officials say the fire this morning estimated to be about 80 acres in size. wild fires are causing evacuations, we should add in parts of nevada as well. so at one point more than 30 fires were burning out week. luxury jeans maker true religion has filed for bankruptcy protection. latest apparel to close. this move will allow true religion to keep doors open in theory but they are going to grow the digital business, really, they are trying survive in a challenging retail environment, a lot of times that doesn't mean to having store fronts anymore. facebook working on a new app for group video chat. the verge is reporting that the app is similar to house party, popular with the younger generation, they are expect to go release this this fall, we believe, last week facebook
6:47 am
announced that they did hit 2 billion monthly users but, of course, you want to keep the users engaged. shares of facebook up more than 31% from one year ago, maria. maria: thank you so much, cheryl. cheryl: you bet. maria: facebook is watching instagram and others, snapchat, what do you think about the changes? lee: it's a really encouraging sign about facebook, they continue to evolve, continue to try thicks, one of the things that we see with retailers and all of the other people is they're not staying relevant. they are watching the trend and making changes. >> that's the name of the new app, house party, cheryl, did i get that right, house party? i just think, wow, that's encouraging kids to get, parents you better be watching what your kids are doing. lee: they're doing that anyway. my niece in high school, they weren't necessarily going to
6:48 am
parties, they were online having conversations, facetiming with each other and my niece would show up at a family barbecue completely made up as if she's going out with friends, what are you doing, she's like 9:00 o'clock face time with my group of fends. maria: that's funny. lee: that's the way they socialize now. dagen: one thing of facebook and sign of genius of mark zuckerberg, they don't need to be trend setters, leaders in all of these initiatives, say with snapchat, they can sit -- again, facebook ask not worried about being cool. senate chat they can sit back and figure out what is good about snapchat and they can innovate because they have such engineering talent. that's exactly what they've done with install -- instagram, kept up with snapchat and snapchat
6:49 am
falls by the wayside because it's a one-trick spokeny essentially. incredible what facebook has been able to do. maria: old users. dagen: my mother was on facebook . lee: my grandmother is on facebook. dagen: i know. maria: when we come back, made right here in america, one minnesota company making hats, celebrity following, back in a moment with that.
6:50 am
6:51 am
6:52 am
6:53 am
maria: welcome back, two friends created love your melon, goal of providing a hat to every child battling cancer in america. they've not only surpassed that, they've raised more than $2.6 million for charity and donated more than 110,000 beanies, small start-up, 40 million-dollar apparel brand. joining me right now love your melon zachary. thank you for joining us. >> thanks for having me. maria: when did you realize that you could turn your class project to a million dollar business? >> soong after that class project. we sold into now almost a
6:54 am
million units of product. this year we will do $45 million in revenue. maria: wow. fantastic. >> last year two and a half. it's growing quickly. maria: congratulations, 50% of profits to charities. make a wish foundation, st. jude research hospital. why are causes important to business model, can it sustain itself that you will give 50% of the profits to charities? >> yes, the reason we can do that is because we are an e-commerce brand. we are able to get in front of consumers through social media advertising, we have prevalent in facebook, instagram advertising and we can return seven times whatever we spend. we spend $100, we can bring back $700 in revenue. we don't have to have the cost like big box retailers and we can stay true with made in america and giving away 50% of our profit to children's cancer research. maria: that's a big deal. this really feel like quality
6:55 am
and you're proud that you make in america 100% made in america. do you choose to make your products here, how do you do that when you so many other categories overseas sending jobs overseas it and getting it done cheaper? >> we believe in the community aspect. we are not only helping kids and families, but also providing jobs. we contributed 120 manufacturing fulfillment jobs. even though employment rates are way down, they're not all very good jobs. you have millennials going oh to work at starbucks over picking a trade and going to manufacturing workplace. manufacturers have a marketing problem for those jobs, we are providing the work but we need those manufacturers to give people i pads, to make them feel like a part of their peers working together in your social environment, being able to play music while they are doing cut and so sewing processes.
6:56 am
maria: the reason you have celebrities that say they are proud to wear your product, they know that 50% of money goes to kids with cancer. how does it feel like stars like ashton cuch ner, jessica simpson to wear your product? >> they are seeing a real content. all of our embassadors around the country, college students giving away hats in children's hospital, everyone is done in super hero costumes. kids are entertained, why pediatric cancer? they are often overlooked by pharmaceutical companies because of small population of patients. we are hope to go fix that and able to find a solution to cancer altogether. maria: i hope so. we all hope so. where do you see it in three years in. >> large apparel brand, we are
6:57 am
work to go mittens and kids beanies, apparel far more expensive and keep in mind we have to build the u.s. manufacturing ourselves and find opportunities to making the product and get people in the workplace to make these and that's what we are excited about, having that impact and building that up. maria: that's terrific. we are excited as well. zachary good to have you on the program. >> thank you so much. maria: sackry quinn, love your melon is the company. the why regulators are now investigating the android phone. that's next next hour on mornings with maria. stay with us [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here.
6:58 am
audi will cover your first month's lease payment on select models during the summer of audi sales event.
6:59 am
7:00 am
maria: good thursday morning, thank you so much for joining us. i'm maria bartiromo, it is thursday july 6th, top stories right now 7:00 a.m. on the east coast. president trump is in poland this morning. the visit coming as the president prepares to head to germany to g20 summit and will face with leaders there including highly anticipated meeting with vladimir putin. the commander in chief was asked about russia's possible election interference while speaking in warsaw this morning. >> he was told in early august by presumably the cia that russia was trying to get involved or meddling, pretty strongly with the election, he did nothing about it. the reason is he thought hillary
7:01 am
was going to win. and if he thought i was going to win he would have done plenty about it. maria: president trump will deliver a speech to the people of poland ten minutes from right now. we will take you there live, get remarks as they're happening. new details of assassination of new york city police officer this morning. killer posted vulgar antipolice rants on facebook before he carried out his attack. more on the tragedy coming up this morning. they may want a new hobby, smuggling ancient artifacts out of iraq. google reportedly facing fresh scrutiny from the european union. why the company could see another major fine from the eu. markets are under selling pressure this morning. take a look at futures indicating a decline. down a quarter of a percent. down 36 points on the nasdaq, two thirds of 1%. we are getting a first look at job's number this morning. adp report due out in about an hour. expectations call 185,000 new
7:02 am
jobs to have been added to the economy last month. in europe this morning, indices lower as well. ftse lower and cac cra rant down 1% and the dax also down two-thirds of 1%. in asia overnight mixed performances. shanghai composite was the winner, up a fraction in china. aaron judge, joining tieing joe demaggio record. all the stories and joining me to talk about it dagen mcdowell, heather and part maslansky + partners president lee carter. [laughter] >> i heard you say you want to see what the handshake is like and that the media will be dissecting the handshake between president trump and putin, yes. [laughter]
7:03 am
dagen: they will digest every twitch. look at what they talked about the macron handshake. maria: ray kelly is with us this morning. utah governor mike lubbot is here and andy puzder. we kick it off this hour with president trump, he's expected to speak in warsaw poland any minute now this as he travels to germany to meet with world leaders in germany tomorrow. blake, good morning to you. blake: maria, good morning to you as well and the white house has put excerpts that the president will give this morning
7:04 am
criticizing what he sees as the, quote, steady creep of government bureaucracy. white house official is pushing back this morning on the notion that that is a shot toward western european powers like germany, the president is in poland for a summit of mainly eastern european countries, that takes place before he heads here for the g20 summit tomorrow and saturday. already on this day, the president has given news conference in which a totally different country took part of center stage during, that being north korea, the president described north korea as a threat and when he was directly asked whether or not military options are on the table, he left that as an open-ended question. >> as far as north korea is concerned, i don't know, we will see what happens. i don't like to talk about what i have planned but i have some pretty severe things that we are
7:05 am
thinking about but that doesn't mean we are going to do them. i don't draw red lines. blake: other country drawing the headlines, of course, is russia, the president will meet with vladimir putin face to face tomorrow afternoon. it remains a question if 2016 election meddling will be discussed between the two. at the press conference, president trump left open the possibility that it wasn't just russia who tried to interfere with the election. >> i think it was russia but i think it was probably other people and -- or countries and i see nothing wrong with that statement. nobody really knows, nobody really knows for sure. i remember when i was sitting back listening about iraq, weapons of has destruction, how everybody was 100% sure that iraq had weapons of mass destruction, guess what?
7:06 am
that led to one big mess. blake: maria, two things on that point, first off, the widespread belief that russia no doubt try today meddle in the 2016 elections and secondly, president trump during that response put the blame scarily or at least part of it on president obama raising the question why didn't he do anything after he was notified of the possible meddling in august before the november election and president trump suggested it was because president obama believed that hillary clinton would win the race, he said the actions would have been reversed had it been the other way around. maria, thank you. maria: so many topics to discuss, russia going to ukraine, russia going to syria, a lot of subjects there. we will see what comes up. blake berman this morning in germany. joining us right now the wall street journal jon hilsenrath, jon, good to see you. we want to talk about markets, we want to talk about the job's numbers, but first give us your
7:07 am
take on this historic speech that we are waiting on from the president as he talks to the people of poland. >> well, i want to talk about the trip aside from the speech. there's so much attention on the meeting that the president is going to be having with vladimir putin. i don't think that's the most important meeting that he's going to be having in the next few days. i think the most important meeting he's going to be be having with the leader of china xi jinping. there's a whole host of problems in asia that we have to deal with and first of which is north korea, the really really needs the chinese to work with us on the north korea problem. we have disagreements with them about snroment the south china sea and then, of course, we have a whole host of trade issues with the chinese that we are trying to weigh against national security issues. i really want to know what's going to happen in that meeting with xi jinping. dagen: g20, all world leaders, is an opportunity for the president to get on with the
7:08 am
president of china to discuss the issues, is that a bigger opportunity than what's discontinued with putin in. dagen: it is the most important discussion, jon is absolutely right, to our basically financial security and our national security. one thing that we should point out that the trump administration is beginning to study is applying secondary sanctions to chinese companies that conduct business with north korea. maria: big deal. dagen: this is very important because there are sanctions on north korea that china has failed to honor and if we start imposing, there have been a couple already on small chinese companies and we move to secondary sanctions worked with iran but we if move start sanking chinese companies to stop them from doing business with north korea, then that really heightens the tension between china and the united
7:09 am
states and as buck pointed out yesterday, would we end up in a trade war, he said, trade wars lead to real wars, that raises a very tense situation. maria: go ahead, jon. jon: maria, the other point i make in addition to sanctioning chinese companies, we have to look at what the trump administration does -- this is really important with banks that do with north korea, they impose sanctions on a bank last -- last week, you know, the bush administration had sanctions on bank in macao back more than ten years ago, seemed to be working and we took those sanctions off, one of my big questions is, is the treasury department, the u.s. treasury going to widen the net of sanctions against banks to try to cut the flow of money to north korea, they need dollars to continue their ally kit activities which feed their nuclear program. maria: steven mnuchin, treasury secretary said he's spending 50%
7:10 am
of his time of sanction situations whether it be north korea, russia, china. lee, should the president be talking about this kind of world news or should hestick to his agenda when he's talking to the people of poland? a lot of people asking me about america's business s this the place to tout his agenda, do you think? lee: listen, he has to do a little bit of both. there's so many issues that people are concerned about, whether it's north korea, whether the trade issues out there. that's a real reason why he's over there to talk about these thicks. it's important to tie that back to american people and ties it back to his message, ties it back to his agenda and continuously hammers home the america first notion first. that's what his supporters, that's what many people want to see, that the president is representing our interest, getting tough and not just trying to make nice with leaders but really trying to have action
7:11 am
happen. maria: great point. jon: one of the problems the president is going to be running into, everybody comes into an agenda and then something happens that they weren't planning for that wasn't on their agenda and then they have to make hard choices that don't relate to the agenda at all. the president today mentioned iraq and that, of course, was a big issue for president bush. i think for this president it's going to be north korea. that was not on his radar and that could dominate his first term. maria: exactly right. >> what do you think market impact could be from the meetings, specially tough talk on north korea or trade wars with china. he wants free trade but, of course, we know he wants fair trade. that's what's also important. is this raw positive or negative situation to the markets? >> well, these markets are a real puzzle because in terms of the stock market, it just keeps going up, you know, even though we haven't seen him advance in his agenda on taxes, advance his
7:12 am
agenda on health care reform. you know, i think the stock market is going on its own agenda which is being driven by profit, by corporate profits which are continuing to rise and the prospect that even though interest rates are rising, they not going to go up very much and we have a column in today's paper by my colleague greg talking about, you know, these markets are starting to look a little funny. there's very little volatility, we are all worried about russia and north korea, we are very worried and china and the markets are acting like there's -- maria: volatility very low. signs of recession. dagen: when trump came to take a hard line in russia as far as
7:13 am
getting in front of montenegro entering nato and seemed to be softening in talk about china and not labeling as currency manipulator and there's a question whether to get china to work with us in north korea and in one tweet, that seem today all change. jon: a lot of american presidents have counted on helping with the north korea problem and they haven't. this president might be learning lessons about that. when you listen to his comments this morning, he's talking about taking, you know, looking at longer list of aggressive action that is the united states might take. he might be realizing that the chinese are just not going to be on our side on this one. you know, we also have a tricky situation with the south koreans
7:14 am
on the north korea problem. we want and need their cooperation on north korea. we are protecting them basically, we are protecting seoul essentially from annihilation. maria: we are looking at the live picture president along with the first lady and president of poland and lay a rreat which is typical patrol -- protocol in these trips. jon: we have a job's number which is employment companies increasingly are telling us that they have having a hard time finding workers they need and in some cases they are turning away business. job growth itself is slowing a little bit so we are at an
7:15 am
economy that's at transition point and markets look a little funny and the job market is at full employment but the economy isn't growing fast. there's a lot of tension that has to be resolved over the next month or so. the report tomorrow show it is tension starting to built. maria: we are watching the president and the first lady laying the wreath right now. what do you think people want to hear from the president as he addresses the people of poland this morning? dagen: the u.s. stands by poland, with poland and just the fact that president trump visited this nation before visiting britain, for example, before visiting other allies like france, visited this nation ahead of g20 summit where he will speak with vladimir putin
7:16 am
putin is a sign, another sign as i was mentioning that the u.s. in terms of real action has gotten tough with russia. i mentioned getting behind montenegr oh to enter nato, something wafered in the washington editorial because that's not something russia would like, new nato combat deployments in eastern europe, a military strike against russian ally bashar al-assad's forces in syria, poland buying a missile defense system from the united states, these are all real signs of where the united states stands and we always make so much about what donald trump says with the president says, the language he uses always overseas talking about the election last year and president obama, it's the actions that we fail to talk about enough. you know what, the actions do speak louder than words. maria: melania, first lady about to speak, her heritage eastern
7:17 am
european, she will address the people of poland first. >> pelo, poland. thank you very much, my husband and i enjoyed visiting your beautiful country. i want to thank president and mrs. dudah for warm welcome and gene rouse opportunity. i had an opportunity to visit the science center today and found it not only informative but thoughtful in its mission which is to inspire people to observand experiment, request questions and seek answers. thank you to all that were
7:18 am
involved in giving us the tour specially the children which made it such a wonderful experience. as many of you know, the main focus of my husband's security is safety and security of people. we all can tbroa, people should be able to live their lives no matter what country they live in. that's my wish for all of us around the world. [cheers and applause] >> thank you again for this wonderful welcome to your very special country. gracious hospitality will not be forgotten. [cheers and applause]
7:19 am
>> now it is an honor to introduce my husband, the president of the united states, donald j. trump. [cheers and applause] >> thank you very much. that's so nice. the united states has many great diplomats but there's truly no better embassador than beautiful first lady, melania. that was very nice. we come to the nation to deliver a very important message, america loves poland and america
7:20 am
loves the polish people. thank you. the polls have not only greatly enriched the nation but polish americans have greatly enriched the united states and i was truly proud to have their support in the 2016 election. [cheers and applause] >> it is a
7:21 am
7:22 am
7:23 am
beautiful piece of land. it is beautiful. [cheers and applause]
7:24 am
>> poland is the geographic heart of europe but more importantly in the polish people we see the soul of europe. [cheers and applause] >> your nation is great because your spirit is great and your spirit is strong. [cheers and applause] for two centuries poland suffered constant and brutal attacks, while poland could be invaded and occupied and borders even erased from the map, it could never be erased from history or from your hearts. in those dark days, you have lost your land but you never lost your pride. [cheers and applause] >> so it is with true admiration that i can say today that from
7:25 am
the farms and villages of your country side to the cathedrals and squares of your great cities, poland lives and poland prospers and poland prevails. [cheers and applause] despite every effort to transform you, oppress you you have endured and overcame. you are the proud nation, think of that. [cheers and applause] st. john paul the second, poland is the land of great heros. you are the people who know the true value of what you defend.
7:26 am
over centuries of hardship, gives us hope for a future in which good conquers evil and peace achieves victory over war. for americans, poland has been a symbol of hope since the beginning of our nation, polish heros and american patriots work side by side in our work for independence and in many wars that follow. our soldiers still serve together today in afghanistan and iraq combating the enemies of all civilization. for america's part, we have never given up on freedom and independence as the right and destiny of the polish people and we never, ever will.
7:27 am
our two countries share a special bond forced by histories and national characters. fellowship that share among people who have fought and bled and died for freedom. signs of this friendship stands in our nation's capital. just steps from the white house we have raised statutes of men with name like polaswski. [cheers and applause] street signs carries signs of george washington and ronald reagan. and so i am here today not just
7:28 am
to visit an old ally but to hold it up as an example for others who seek freedom and who wish the summon the courage and will to defend our civilization. [cheers and applause] the story of poland is the story of the people who are never lost hope or never had been broken or who had never ever been forgotten who they are. >> donald trump! donald trump! donald trump! >> thank you so much. thank you. >> thank you so much.
7:29 am
such a great honor. this is a nation more than 1,000 year's old, your borders were erased for more than a century and only restored just one century ago. in 1920 in the miracle, poland stopped the soviet army bent on european conquest. [cheers and applause] then 19 years later in 1939 you were invaded yet again by nazi germany from the west and the soviet union from the east. that's trouble. that's tough. the polish people endured evils beyond description. the massacre and the
7:30 am
occupations, the holocaust, the warsaw ghetto uprising, the destruction of this beautiful capital city and the deaths of nearly 1 in 5 polish people. a vibrant jewish population, the largest in europe was reduced to almost nothing after the nazis systemically murdered millions of poland, jewish citizens during the brutal occupation. in the summer of 1944 the nazis and soviet armies were preparing for a bloody battle right here in warsaw amid the citizens of poland rised up to defend home lan. i'm deeply honored to be joined today by veterans and heros of the warsaw uprising.
7:31 am
[cheers and applause] >> what great spirit, we salute your noble sacrifice and we pledge to always remember your fight for poland and for freedom, thank you. thank you. [cheers and applause] this monument reminds us that more than 150,000 polls died during the desperate trouble to overthrow oppression. from the other side of the river, to soviet armed forces
7:32 am
stopped and waited. they watched as the nazis ruthlessly destroyed the city, viciously murdering men, women and children. they tried to destroy the nations forever by shattering will to survive but strength and polish character that no one could destroy, the polish martyr, said it well more horrifying of defeat of arms is the collapse of human spirit your identity indeed the very essence of your culture and your humanity. yet through it all you never
7:33 am
lost that spirit. [applause]. your oppressors tried to break you poland cannot be broken. and when the day came on june 2 1979 and 1 million gathered around victory square for the very first mass with their polish pope every communist must had known that their oppressive system would soon come crashing down. they must had known it at the exact moment during pope john paul the second sermon when they suddenly raised their voices in a single prayer a
7:34 am
million polish people did not ask for wealth. they did not ask for privilege instead 1 million people sang three simple words we want god. in those words they were called a promise of a better future they found new courage to face down there oppressors and they found the words to declare that poland would be poland once again. as a stand here today before this incredible crowd the faithful nation we can still hear those voices that echo through history their message is as true today as ever. the people poland the people
7:35 am
of america and the people of europe still cry out we want god. together with pope john paul the second they reinserted their identity as a nation devoted to god. and with that powerful declaration of who you are you came to understand what to do and how to live. you stood in solidarity against oppression against a lawless secret police against a cruel and wicked system and you one poland prevailed in poland will always prevail.
7:36 am
[applause]. thank you. you were as supported and the victory over communism by a strong alliance of free nations and the west that defied tierney. now among the most committed members of the nato alliance poland has really zoomed its place as a leading nation of a europe that is strong, whole and free. it's a blessing to the nations of europe and they know that. it's a blessing to the west into the world. one hundred years after the
7:37 am
entry of forces into world war i the trans transatlantic bond between the united states and europe is as strong as ever and may be in many ways even stronger. this continent and the longer confronts the specter of communism but today we are and the west and we have to say there are dire threats to our security into our way of life. do you see what's happening out there. we will confront them we will win. but they are threats. chanting.
7:38 am
we are confronted by another oppressive ideology one seeks to export terrorism all around the globe. america and europe had fought -- suffered one terror attack after another. we are going to get it to stop. during a the historic gathering in saudi arabia i called on the leaders of more than 50 muslim nations to join together to drive out this menace which threatens all of humanity. we must stand united against the shared enemies to strip them of their territory and their funding and their networks in any form of ideological support that they may have. we will always welcome new citizens our borders well
7:39 am
always be closed to terrorism and extremism of any kind. [applause]. we are fighting hard against radical islamic terrorism and we will prevail. we connect not except those who accept those who reject our values who use hatred to justify violence against innocent. today the west is also confronted by the powers that seek to test our wealth undermine our confidence in challenge our interest.
7:40 am
to meet new forms of aggression including propaganda financial crimes into cyber warfare we must adopt our alliance to compete effectively in new ways and on all new battlefield. we urge russia to cease the destabilizing activities in ukraine and elsewhere and to support for hostile regimes including syria and iran. and to instead join the community of responsible nations in our fight against common enemies and the defense of civilization itself. and finally on both sides of the atlantic our citizens are on the other side of danger. this danger is invisible to some but for many the steady
7:41 am
creep of government bureaucracy that drains the vitality and wealth of the people. the west became great not because of paperwork and regulations but because people were allowed to chase their dreams and pursue their destinies. americans pulls. we must work together to confront forces whether they come from inside or out from the south or the east that threaten overtime to undermine these values into a race the bonds of culture faith and tradition. that's what makes us who we are. if left unchecked these forces will undermine our courage sap our spirit and weaken we can our will to defend ourselves and our societies.
7:42 am
but just as our adversaries and enemies of the past learned here in poland we know that these forces are doomed to fail if we want them to fail. and we do indeed want them to fail. there are doomed not only because theologians is strong our countries are resilient and are probably desperate power is unmatched. through all of that you have to say everything is true our adversaries however are doomed because we will never forget who we are. and if we don't forget who we are we just can't be beaten. americans well never forget. the nations of europe well never forget. we are the fastest and the greatest community there is nothing like our community of
7:43 am
nations the world has ever known anything like our community of nations. we pursue innovations. we celebrate our ancient heroes and embrace our timeless traditions and customs. and always seek to explore and discover brand-new frontiers. we were bored at reward brilliance, we strive for excellence. intel it -- to cherish inspiring cherish inspiring works of art that honor god. we treasure the rule of law and protect the right to free speech and free expression. we empower women up pillars of our society and our success. we put faith and family and not government and bureaucracy
7:44 am
at the center of our lives and we debate everything. so that we can better know ourselves. and above all we value the dignity of every human life protect the rights of every person and share the hope of every soul to live in freedom. that is who we are those of the priceless ties that bind us together as nations and allies and as a civilization. what we have and what we inherited and you know this better than anybody and you see it today with this incredible group of people what we have inherited from her ancestors has never existed to this extent before. if we fail to preserve it it will never exist again so we cannot fail.
7:45 am
and every one of them it is the people not the powerful who have always formed the foundation of freedom. as they were right here in warsaw and they were the foundation from the very beginning. in america. our citizens did not win freedom together they did not survive horse together did not face down evil together only to lose our freedom. to a lack of pride and confidence in our values we did not. we will never back down. [chanting] as long as we know
7:46 am
our history we will know how to build our future americans know that a strong alliance of free sovereign and independent nations is the best defense for our freedoms and for interest. that is why my administration has demanded that all members of nato finally meet their full and fair financial obligations. as a result of this insistence billions of dollars more have begun to pour into nato in fact people are shocked by billions and billions of dollars more coming in from countries that in my opinion would not had been paid so
7:47 am
quickly. to those who would criticize our toughest hints. i would point out that the united states has demonstrated not merely with words but with the actions that we stand firmly behind article five the mutual defense commitment. words are easy but actions are what matters. you know this. everybody knows us. everybody has to know this. europe must do more. they must demonstrate that it believes and the future by investing its money to secure their future. for the decision to move forward this week on acquiring from the united states the battle tested patriot air and missile defense system the best anywhere and the world.
7:48 am
that is also why we salute the polish people for being one of the countries that has actually achieved the best mark -- benchmark for defense. thank you poland, i must say you the example you set is truly magnificent and we applaud poland. thank you. [applause]. is not just a commitment a month it's a commitment of well. as they remind us the defense of the west ultimately rests not only on means but also on the well of its people to prevail in to be successful and to get what we have. whether the west has the well to survive and do we have the confidence to defend them at
7:49 am
any cost. do we have enough respect. do we have the desire and the courage to preserve our civilization and the face of those who would subvert industry. -- and destroy it. we could have the largest economies and the most lethal weapons ever but if we do not had strong families into values that we will be weak. if anyone forgets the critical importance of these things let them come to one country that never has. let them come to poland. and let them come here to learn the story of the warsaw uprising .
7:50 am
when they do they should learn about jerusalem avenue. in august of 1944 jerusalem avenue was one of the main roads running east and west through the city. just as it is today. control of the road was crucially important to both sides and the battle for warsaw. to move troops into form a very strong front. and for the polish home army the ability to pass north north and south across that street was critical to keep the center of the city and the up rising itself from being split apart and destroyed. every night they put up sandbags amid machine-gun fire and it was horrendous fire to
7:51 am
protect a narrow passage across jerusalem avenue. every day the enemy forces knock them down again and again and again. finally they built a barricade the brave polish fighters began to pull across. just a few feet wide was that fragile link they kept the uprising alive between the walls a constant stream of citizens and freedom fighters made the perilous sprints. they ran across it and they ran through the street and they ran under that street all to defend the city and the far side was several yards away. recalled one young polish woman. that life was so important to
7:52 am
her in fact she said the dangerous sector of the street was soaked in blood it is the blood of messages. they shot at anybody who crossed. they were being shot at. there soldiers burned every building on the street and the use them as he is -- human shields for their tanks. the enemy never ceased this relentless assault. and the polish never ceased its defense. jerusalem avenue passage required constant protection repair and reinforcement but the real -- the well of the defenders did not back down even to the face of death. the fragile crossing never
7:53 am
ever failed. it was never ever forgotten. it was kept open by the polish people. the memories of those who perish cry out across the decade those heroes remind us that the west was saved. each generation must rise up and play its part in its defense. and that every foot of ground and every last inch of civilization's is worth defending with your life. our own fight to the west. it begins with the mind, the
7:54 am
souls and the wells. they are no less violent and demand no less defense than that bear a shred shred of land on which the hope of poland wants totally breasted. our freedom and civilization and our survival depend on these bonds of history. it's in our heart and its people are in that fight. just as poland could not be broken i declared today for the world to hear that the west will never ever be broken. our values will prevail our people will thrive and our civilization will triumph.
7:55 am
like -- [applause]. [chanting] thank you. so together let us all fight like the polls for family, for freedom for country. thank you and god blessed bless the polish people. god bless our allies and god bless the united states of america. thank you very much. >> he was really hitting on a lot of things in a long speech there to the people of poland
7:56 am
and the west. lee carter you seem to be impressed with some of the things that they were saying because it was very comprehensive. how we came together i think it was a really smart optic lines. he called out nato and north korea. he talked about the strengths of us coming together i thought he did a great job. he basically said we are urging russia to stop destabilizing activities around the world. we firmly stand behind the commitments of article five. it was very important for him to say that and he did. when one country gets hit everybody gets hit. we stand by our allies.
7:57 am
let us fight for freedom we are watching the president and the first lady. it was very will received this morning. we will take a break. crotchety in new york to report. a mother of three assassinated while sitting in her police vehicle.
7:58 am
7:59 am
8:00 am
. thanks for joining us. i'm maria bartiromo happy thursday it is thursday, july 6, your top stories right now 8:00 a.m. on the east coast president trump is in poland this morning commander in chief just gave a really deep speech for a huge crowd where he s expressed america's strong commitment to the region. >> to the zis of this great region, america is eager to expand our partnership with you, we welcome stronger ties of trade and commerce as you grow your economies we are committed to securing your access to alternate energy so poland and neighbors are never again held hostage to a single supplier of energy. maria: visit comes as president prepares, to head to germany for g-20 summit he will speak with world leaves including anticipated meeting with russian president vladimir putin took place tomorrow congressman steve
8:01 am
scalise back in d.c. back in the intensive care unit this morning, why doctors actually worsened his condition from fair to serious, three weeks after he was shot at a congressional baseball practice, we will have very latest there steve scalise back in the icu this morning, despite a judge's order martin shkreli keeps talking latest from former pharma executive fraud trial coming up fight for 15 takes a hit missouri set to reduce minimum wage not increase it behind wheel top vehicles in latest crash test futures indicating markets open lower to look at the markets, today indices at lows of the morning dow industrials sundown a third of a percent that is 80 points lower nasdaq down one percent 55 points lower first look at jobs market have to morning, leading up to tomorrow's government report, the adp report is due out in 15 minutes, from right now, expectations call for 185,000 private sector jobs add to the economy last month this could
8:02 am
be market more of we are on mover we are on watch next 15 minutes, indices lower ft 100 down 3/4 of a per cent cac quarante. dax down better than 1% in asia overnight stocks mixed as you see here nikkei average down a half percent in japan shanghai composite up a fraction, to our top story president donald trump delivering a speech in poland this morning before he heads to the g-20 meeting tomorrow. there the president will meet one-on-one with leaders from russia germany china joining us right now washington times columnist for, news contributor charles good to see you thanks for joining us. >> thanks for having me good morning. maria: good morning reaction to president's speech to people of poland. >> i thought it was he a terrific speech an simple speech very elegant speech, it got into you know, obviously the politics of poland and the history of poland, and was a very -- can you imagine for a minute the previous president going to a place like poland
8:03 am
and giving a speech like this? about freedom, and all of the aliens that join the two countries together? i thought it was absolutely extraordinary and a wonderful way to quick off tour of what i like to refer to as old europe. maria: lee carter made the point earlier that it was just jam-packed with -- with connecting dots to the agenda calling out nato calling out russia, right, you were happy with him being able to bring in the domestic story. >> i think it had was fascinating how he did that went to poland talked about row that he overcame dictatorship we agenda -- he focuses together applauded them saying their pulling weight in nato definitely a dig towards other people, he called out russia, he made a really interesting parallel there to north korea, he talked about article five i mean a fascinating you know, i think a lot of people are wondering why warsaw i think he really pulled that together what do you think about highlights. >> you know, a lot of people,
8:04 am
in america, i think, forget to realize, just how important america is to place like poland poland looks to america as anchor to the west. and donald trump on the part went so for about a as to say that poland is not only geographic center of europe, it is the soul of europe, that had to have been something wrung strongly in places in parts of old europe for example. >> charlie it is dagen mcdowell focused so much on president trump's words, rightfully so given the speech that he just gave, in warsaw, but i will point to something that the market seems reacting to, and again, words within joint press conference with president of poland earlier about 5:00 a.m. president trump said he was considering pretty severe things in response to north korea's latest the -- missile test, i haven't cbm test you saw a --
8:05 am
icbm test market starting to sell off around that moment 74 point loss on dow futures right now, again,, words backed up by actions because little more than aek would ago you had treasury secretary steve mnuchin starting imposing he secondary sanctions on a few chinese entities related to north korea doing business with north korea. so again, it is very clear, that people within the administration not just president trump, understand how they are going to combat this north korean threat. >> oh, sure, to be sure, dagen, it is a tough situation a terrifying situation what we have going on in north korea right now. but i do think that one of the things that i have found most appealing about president's trumps' approach very open about it very open about trying to get chinese to help us, he -- he was encouraging of that, he worked hard as i think you can work it, but in the recent days when it has
8:06 am
become clear that chinese have not done what donald trump wanted, he called them out on it, i think that is a very health -- healthy approach and i think that sort of scalding honesty probably something missing in that part of the world anywhere in the world, over the past -- over past 10 years. >> same approach that he took to nato o he addressed nato during the speech listen o to what he just said let's talk about it. >> my administration he has demanded that all members of nato finally meet their full and fair financial obligations. >> something he said a a number of times on campaign trail. >> yeah, for no one -- nato article five more important, than the poland because of where they are strategically, and again i just -- about at this point, in president obama's tenure, he had he was in cairo apologizing to the muslim world for america,
8:07 am
apologizing for values apologizing for a inventing internet, you remember that speech? it sfwhoos apology tour the apology tour. >> kick off of the apology tour to take that compare that to this speech that we just heard from president trump, it is just it is -- it is a night and day, this differences could not be more extreme. dagen: there will be. >> in will be no apology needed this time very sincere said fight for freedom can never be erased from history and from our hearts that is ve sincere on the of volunteers very presidential speech conducted with people of poland that was good. >> yes got elected. >> that is right. >> absolutely. >>. dagen: scan we point out president obama for example can veried the missile defense system proposed by president bush, and today, we learn that poland is buying a missile defense system from united states. i think, again, words and actions, and those actions are also very powerful today. maria: yeah. >> i thought interesting that
8:08 am
he said that very same thing dagen that you had said just in the segment before words important actions really matter look at all these things together. maria: why focused on china what comes out of -- the meeting on the sidelines there as well, charles great to see you thanks so multiple for weighing. >> thanks. >> we appreciate with it joining us there, martin shkreli shushed jij tells former executive to keep quiet for the rest of his fraud trial this is response next jolt to tesla latest crash test raising security safety concerns for the model s, lack in a moment right here with ray kelly live in the studio. ♪ ♪ ♪ i.
8:09 am
8:10 am
8:11 am
presidentialt president trump spoke out about threat from islamic terrorism from a speech from warsaw poland, listen. >> this continent no longer confronts the specter of communism but today we're in the west and we have to say there are dire threats to our security and to our way of life. you see what's happening out there they are threats. we will confront them we will win but they are threats.
8:12 am
maria: joining me to talk more about threats former new york city police commissioner now advice chairman of k2 intelligence ray kelly with us great to see you. >> good to be with you. >> thank you so much for joining us your reaction to what the president just said there about these threats. >> well, there will be with us a long time to come unfortunately i this i the move towards mosul just about taken raqqa will be taken probably next two or three months right things to do but isis will of unfortunately aspirational reach for a long time to come that is reality of it, but that is the world in which we live. >> interesting to hear president sort of try to connect dots feelings with poland with the unifying situation two countries find themselves in but also connecting dots about hows domestic agenda what was your reaction to his speech? >> i thought it was an excellent speech best delivery that i have seen him do, it
8:13 am
was very well crafted, and, yes, he put domestic things in there also took time to sort of goad nato again far as paying their fair share so obviously very well thought out, by his staff and whoever put it together did an exlent job. >> ray our condolences to you and your former colleagues nypd a 12 year nypd veteran assassinated yesterday unprovoked attack in the bronx tuesday night sitting in a marked police vehicle while a move in shooting unclear, authorities say gunman rantsdz online about his treatment in prison. and about police getting away with killing people, at least 65 police officers have been killed so far this year that is up 25% from the same period last year, according to national law memorial fund how is this affecting the proliferate community in your view today. >> gut wrenching no question
8:14 am
department families for city i think the cold-blooded nature of execution makes it so different every police officer knows potential violence directed at him or her in the job, but sometimes -- you just don't think about someone walking up when you are not looking and shooting you so you can't defend yourself against a it means every police officer see z themselves with a target on their back. will it deter a them from doing their job, no -- the business a long time, nothing is going to -- to impact on the police willingness to get engaged to do the work that the people expect of them. >> so horrible, to look at what this officer nypd had to endure, this woman officer three kids very proud proud to be officer wanted to help people, and now this, meanwhile -- street homelessness in new york up
8:15 am
39%, in 2017 according to latest annual swa by department of homeless services, 3900 homeless unsheltered people february 6, 2017 this wasn't the case when you were commissioner of nypd. >> it is a problem i think there is easy answer to it i don't think every problem requires the police to get involved but in this instance i think you need much more proactive approach on part of police department homeless outreach unit should be expanded under administration very much gamed there were shelters unsafe people will not go in those shelters because of that, i think nypd this instance should be assigned to some of those shelters, it is not a pleasant job not something that should last forever but i think they have to turn tide in some shelters police proactive engagement i think is important here. >> we've spoken about body
8:16 am
cameras we have spoken about tweaking what nypd does right now, but should there be fundamental change in some of this? the issues around new york homelessness police chaltz they face subway system is this about leadership at the end of the day? there seems a lot of cracks happening in the fundamental -- situation of new york, today. >> that is what elections are for. you are going to see -- subways in tough shape no question. maria: why? >> neglect. >> several administrations lack of investment certainly lack of investment right time we know the signal system in subway have been about neglected for years, that is a major reason, why you have all these -- there is a a imagine reason going to continue significant time to come, so i think joe lotto is about terrific new chairman a guy knows the business and i think can bring about change he needs money to do it i think the city has to contribute,
8:17 am
this is a lifeblood of the city, this city couldn't existence without subway. >> he needs money to do it you've got budget issues once again if new york, like everywhere else, meanwhile, marking another tragedy in dallas, tomorrow marks one year since ambush in dallas targeting police officers patrolling protests against police use of force on minorities left five officers dead signing e8 deadliest day for law enforcement since attacks has there been any progress. >> a lot of hate speech out there the reality of it that individual, in dallas, was out to kill police officer lot of hate vituperation. >> nine wound 13 killed or wounded in that design we see this continue, and we don't know what settle this individual off, other than the fact that yesterday, who spot
8:18 am
police officer but he had a piece on facebook 11 minutes all filled with hate, directed towards the police. >> should we be in front of that should we have known what he was spewing? >> difficult to do anything, there is a lot of -- a lot of this hate speech on social media, and i do not what you do first amendment issues, involved with this as well, as an individual did turn himself into a hospital was released they don't know why he was released. but went out and had killing a police officer, as mission. >> incredible. >> he may have been suicide by cop he may have wanted to take out a police officer and then be killed by police officer we're is not certain. >> cybersecurity you studied so much a new united nations survey that finds cybersecurity is the struggling worldwide even for the most powerful nations one of 134 countries surveyed said
8:19 am
it found only half had swooib security strategy i found extraordinary even wealthiest countries showed major gaps if prepared in these for cryer 2006 tell us how you see it where is the threat what should be done in terms of further protecting ourselves from the cyberattack. >> unfortunately it is everywhere we saw in -- "wanna cry" attack 150 countries people in 1350 countries effectuated worldwide issue things that we say, is that ceo of a company has to get involved he is the he or she is is the person sets the tone you can't -- just have the -- the cio do this sort of work they have to set the -- the policies. you need focus on cyberhygiene things like not opening attachments. >> 80% of the intrugs result of carelessness on part of emptiest they need to consult reputable cia companies it
8:20 am
doesn't happen -- you got to do it before there is a problem because this is going to be with us again, with us a long time to come only become more complex, as we go forward. >> do we know who bad actors are? is its russian china or desk. >> attribution is very difficult we know that russia, china, iran, north korea but you have sort of ocean 11 teams, that are in places like -- europe and other locations, they will scour the internet look at facebook information that sort of thing use that information, to get into your into your -- your personal information. you know only about 20% of the web is registered, 80% that dark web, all sorts of of bad things go on down there marketplace you can apply these things you can buy about distributed denial of service, if you want to attack a company, that sort of thing you have to know how to get in
8:21 am
specific address, but that marketplace is churning all the time, and there is no controls, no control. maria: a scary stuff, ray kelly great to hear your insights thank you. we appreciate it o former nypd commissioner ray kelly we will be right back, stay with us. ♪ i was wondering if an electric toothbrush really cleans... ...better than a manual, and my hygienist says it does. but... ...they're not all the same. turns out, they're really... ...different. who knew? i had no idea. so, she said look for... ...one that's shaped like a dental tool with a round... ...brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to... ...gently remove more plaque and... ...oral-b crossaction is clinically proven to... ...remove more plaque than sonicare diamondclean. my mouth feels so clean. i'll only use an oral-b! the #1 brand used by dentists worldwide. oral-b. brush like a pro.
8:22 am
casper makes one perfect supportive and comfortable. premium foam layers. breathable for airflow. perfect rebound, plus perfect lift. pick your size, you get 100 nights to test it out. test the layers, be a layer, casper.
8:23 am
so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday.
8:24 am
♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. maria: welcome back we will we got adp number under expectations 158,000 jobs added to economy, last month, you didn't see much of a movement in terms of market this morning heather we got weaker than expected june 158,000 versus 185,000 estimate, may also revised downward, initially 253,000 now 230,000 for the month of may reaction? >> yeah, may revised down that is, of course, not a positive sign, but the market reaction
8:25 am
seems somewhat muted they are digesting this as we noted earlier j.p. morgan said would take 275,000 in order for federal reserve to continue raising rates we are near full employment if not at it 4.3% so what gives? it is time i get it inflation side of the equation, but jobs data, it is still over if long run we have -- we are tracking over under 200,000, and that is not a positive sign. and i don't like the may revisions markets seem digesting this okay. >> you look al article israeli i didn't mean to interrupt you you look at article you mentioned from greg in journal bringing up sign is of recession. >> inflated assets nearly full employment come as mr.ency one thing that worries investors low volatility given the lack of concern that you see in the market.
8:26 am
they are not pricing no the -- risk of a weakening economy not pricing in geopolitical risks. >> not pricing in it but also a flattening yield curve, and we will we will see what happens, with some recessionary signs other than jobs. >> we should pint out are a rates areing moving up. >> yeah. >> in europe as well. >> concern there is that -- the -- the european a central bank will pull back on surplus, by the way, they are applying about north of 60 billion dollars a month in bonds. >> easy money in europe, we will keep watching markets, as you heard, not a real change in fact that we did get weaker than expected jobs numbers this morning see what that tells us about tomorrow's major report from labor department meanwhile, representative steve scalise has been readmitted to intensive care, cheryl casone with the details on why doctors have worsened his condition. cheryl: maria they have, house majority whip in steve
8:27 am
forbes in intensive care conattracting infection from wound he suffered last month his condition has been downgrade to serious, it was at fair. scalise and four others hurt when a gunman opened fire, in a baseball practice in virginia capital police killed that gunman scalise had several surgeries, and sources tell fox news doctors had anticipated that he would suffer an infection related to shooting just a long recovery for him. the hospital says they are going to have another update on his condition, at some point, today. so we are going to watch for that here on fox business we are also watching this. martin shkreli can't keep quiet, the former pharmaceutical executive is ignoring his own attorney's advice not to talk, during his fraud trial, administrators a gag order shkreli held court with news reporters covering his case walked into overflow room starting talking to
8:28 am
reporters shkreli attorney objected to the order saying shkreli is a man under enormous pressure compounded by frail emotional say it obviously looking at live pictures out of europe with president trump, but here at home following this story, and, obviously, being with shkreli he was wasn't supposed to be talking to reporters anymore in and around courthouse gag order we should say was denied obviously back to europe insurance institute for highway safety adding 3 large cars, to its list of vehicles that have been given the highest rating for crash worthiness the lincoln continental mercedes-benz eclass toyota avalon, tests did model s, did not hit top mark back to you. maria: thank you. we will watch live pictures of the president first lady, getting back on aip force one to now travel to germany, where he will join other world leaders for the g-20 meeting,
8:29 am
that speech in poland get high praise this morning a break wh we come back new voice in the fight to repeal and replace obamacare stay with us.
8:30 am
it's a powerful thing to know where who you are and where you come from. i didn't know a lot about my personal family history. and through ancestry it brought us closer to understanding where i came from. finding out that i'm part native american and that i was related to one of the founding fathers i think has brought me closer to feeling more patriotic, definitely, and also feeling more like this is my home and this is truly where i came from. i'm jamie and i'm the fifth great-granddaughter of benjamin rush. ♪
8:31 am
good thursday morning. i'm maria bartiromo it is thursday, july 6, your top stories right now 8:30 a.m. on the east coast.
8:32 am
president trump, has just gaurtd for g-20 in germany commander in chief spoke before huge crowd no poland this morning and evidence america's commitment to security. >> there are dire threats to our security and to our way of life. you see matter whats happening out there they are threats we will confront them we will win. >> president trump will speak with several world leaders at g-20 next two days including his anticipated meeting with you request russian president vladimir putin that happens tomorrow. markets this morning under a pressure futures a decline of a quarter percent dow industrials 60 points lower nasdaq down 46 points right now, almost 1%, not much reaction, to the -- adp numbers investors have been eyeing president's comments this morning including his stern warning, to north korea, over recent acts of aggression we got first look at jobs market leading up to tomorrow's government report,
8:33 am
adp report was weaker than expected, it showed 158,000 are private sector jobs added to the economy last month but the expectation was for 185,000, so it was being weaker-than-expected the month may jobs numbers revised downward, in europe, the markets are lower we'll to look at major indices ft 100 the cac quarante and dax index lower between two-thirds of a percent and better than one percent lower in asia overnight mixed pochlz at close of china a win off a fraction, japan down one half 1%, the battle for health care reform rages on why a new proposal from texas senator ted cruz is getting support on the hill, and the fight for 15 takes a hit, the details behind missouri's decision to reduce the minimum wage not increase it. a rough start continues for blue apron struggling after going public, why debut one week ago may have other unicorns thinking twice about going public, plus fast food battle heats up we talk to former ceo of carl jrz, about his tips for the fastest
8:34 am
growing schain of the year we talk about business today, in restaurants two top story half an hour first trump administration, pushing to repeal and replace obamacare opposition delaying timeline now proposal from texas senator ted cruz is gaining support on the hill, the legacy called the quote consumer freedom amendment would allow you insurance companies to offer bare bones policies do not need affordable care act standards senator cruz did he haved plan in town hall meeting yesterday in texas, listen. >> i am doing everything i can, to lead the fight to repeal obamacare and to give people choice. patients are in a better position to decide what coverage they want what coverage they don't rather than have washington say what you got to buy. >> joining me right now former health humanism services secretary form utah governor, thanks so much for joining is. >> thank you good morning.
8:35 am
>> let's talk through senator tornado tornado's proposal get your take on this, what do you make of the -- of the senator's o proposal here, as relates to what he wants changed in terms of of the state? >> i think the basic message is less government, less spending, what government we do have, let's have happen at state level as opposed to the federal level, i think there is also a call here, to allow he consumers to have more control over their health care we have known for a long time that if you give well-informed consumers information they will make better choices about their care than the government will. >> so the cruz plan aims to role back the requirement that boost it is coverage for individual plans also increases costs preponderance overobamacare you can affordable care act there was a cost to that they are trying to roll back tax nine gop senators expressed opposition to overall senate plan after cbo analysis last week funny that mitch mcconnell's draft
8:36 am
will result in 22 people losing health insurance but we know that is only because they have -- chosen not to take on the insurance isn't that right sir? >> senator cruz' plan as i understand it would basically require that a state have at least one plan, that meets the -- the original federal standards but then, once there is one plan in the market they could have other plans that do not. this is a kind of compromise i think he is posing between the two sides. maria: talk to us about the expansion of medicaid over the years, i mean you know this better than most we've seen the medicaid entitlement program many more people than intended, and that is one of the issues why we are seeing debate, there is one portion of the gop, that says look we don't want bigger government we don't want medicaid which is intend for the poor to be having services to working age working males, but that is exactly what is happened can you characterize what has at an place in medicaid.
8:37 am
>> you hit the nail on the head, there is a agreement about what the purpose of maid i can say, there are those who believe medicaid was designed should remain a program that assists those who have economic hardship then those who believe this is a program that we can use to expand government healthy consumers acquire health care. that is a basic divide behind expansion of medicaid there is very few people i know, none that i am aware of would say united states of america doesn't need to be involved in helping people in economic need but there are a lot of people believe it is wrong to make medicaid the vehicle by when we s expand government provided care to average american. >> where fight comes in politics come in when you see 22 million people without health care you say oh well, this is a mean plan this is you know shutting out, the people who need it most
8:38 am
actually not true. because the medicaid program has expanded so much that it actually encompasses people that do not need this aid that is the issue. >> there is a widely held aspiration in our country republican and a democrat for people to have access to affordable insurance policy the question continues to come what is the role of government in that process. >> do we have a government operating the system? or do we have organizing the system? >> yeah. >> a ideologic divide falls along those lines. >> i want to ask about amazon jobs going to create in utah in a second let me ask you this stay on health care one more moment do you think they are going to get this done, i mean what is your gut tell you in terms of policy expecting out of administration repeal and replace followed by tax reform? >> i believe ultimately they will pass a bill, and no matter what the bill is will refer to it as repeal and replace we just don't know at this point what the definition of repeal will be, what the
8:39 am
definition of replace will be they have for so many years made this the benchmark, of -- of a republican administration, i think there is a -- an imperative that they do, we have an ongoing negotiations i think there is a backstop here probably the 30th september, when reconciliation peculiar they are you currently using to do it would examine expire i think mitch mcconnell knows what members need want in the process of trying to assemble 50 votes. >> nice to see o optimism we will see about that we got a jobs number out once again below expectations so we are looking at a real crawl when it comes to growth here, you've got amazon.com online retail jant giant amazon creating 1500 full-time jobs first utah fulfillment center in salt labour associates receive competitive salary benefits package secretary as former utah governor what do
8:40 am
you think this amazon centers mean for your state. >> well very good news, of course, for utah, not only amazon but a dramatic shift that occurred over the last two decades utah has become a tech hub. well-known for its quality of life, and people like living here, and crossroads of the american west so there are a lot of reasons that a company like amazon and others would choose to locate in utah. >> obviously. so we will watch that, good news for utah, secretary good to see you thanks so much for joining us. >> my pleasure, thank you. >> we appreciate insights, coming up fight for 15, backfires why missouri is rolling back the minimum wage now, after raising it to 10 dollars, blue apron ipo looking like a half-baked idea struggles for the company after you a rough first week of trading. back in a moment.
8:41 am
♪ ♪. >> hi, guys well back to tennis channel kort report for fox business i am jonathan novak, defending champion murray went into wimbledon without a win on grass this year the scott had no problem reaching the third round, on wednesday. murray fired nine aces 312 winners took out germany's brown in straight sets world number one on face -- beat him, in the last meeting in rome. ♪ king of clay, looks pretty good on green stuff as he he eeks past american, looking for back-to-back major titles after taking tenth crown. >> don't forget wimbledon primetime tennis channel has you covered from london hits air thursday 4:30 pm eastern i am jan known -- jonathan novak. ♪ .
8:42 am
8:43 am
8:44 am
maria: welcome back choke out shares blue apron down again,
8:45 am
stock slid 9% yesterday stock continues what has been a rough first week of trading for this delivery service down half percent right now never alone in struggles sna slightly above ipo price 17 dollars a share right now, as you see 17.32 down as well, joining us right now insight venture pay partners managing director. >> you swef in start-ups, and this sector rolled over last month or so what is going on? >> with he will i don't know sect i think individual names ipo market this year year-to-date up 80%, over last year, you've got individual names had challenges i think challenges are company specific. >> i was talking about really technology names the same names facebook biggies that have been on huge run, that have rolled over, but ipos i say healthier. >> have i think healthier position going to continue to see that back half of the year there is a very large backlog
8:46 am
of companies out there that have the financial profile of to be able to do it i think an interesting point in the market right now where you've got, you know companies could go public if they wanted to the chosen not to to be able to stay private for longer and i think of because private market have been very you wheres allowed companies to stay try to take business models to the further state before they do it i think what snap has shown there are risks going public too soon before business model is totally -- >> 80% this year, over last year, especially in first quarter of last year, what do you attribute some of the reasons? >> one, easy -- last year was particularly low. so i think what happened the market if you go back, to early last year you had slowdown in the tech names in particular tech comps wouldn't down nobody thought think would snap back as quickly as they did. >> the graphic 2017 a strong year for most public debuts raising nearly 28 billion
8:47 am
dollars first half of the year. >> right, in tech in popular the comps went down beginning of the year nobody got ready to go out thought they had no shot markets rallied octobering market in particular rallied strongly back half 2016 people got ready that is coming out today. >> what are you most excited about right now. >> i think the thing that we still see just unbelievable amount of growth software what is happening -- tesla not a signage thing in that car not run by software to point almost scary but that will have its own interesting share of problems like cybersecurity for cars, but the interesting thing is if you look at almost any industry whether auto oil and gas you are seeing the software component how that industry operates increase every year what we are investing in i think that growth operate is going to -- continue unabating. >> internet specifically what
8:48 am
-- >> still if you look at interestingly putting aside how -- started trading, if thank you look at that business gone from zero to close to a billion dollars in revenue in 3 1/2 years, so i think what you are still seeing is on the intent side in particular is a lot of new ways that consumers can swles content whether it be products online, i think in particular. >> that is a crowded space though with food things like sheets just sheet companies -- [laughter] literally, okay, buy it over -- an app, still just a sheet manufacturer. >> i think if you look at -- e-commerce in particular the brairz to entry like blue apron are really a business model mode not so easy, to deliver a million meals a week, with the exact food portions into the home, and sheets -- i would not want to be selling commodity products
8:49 am
online competing against amazon, so i think in order to compete successfully in internet you need one of two things either a business model mode hard to do or a brand, investors, in company called -- fatics sells license for product apparel online long term deals with all leagues nyl, nba yhl nobody can access those if you have a brand you can compete without that it is have a reasonable doubt. >> thank you so much watching software where you see growth is don't mys coverage june jobs' report tomorrow 8:00 a.m. eastern right here jobs in america tomorrow identify where the jobs are right now, first coming up next road look fight for 15 mo lowering minimum wage not increasing it lowering it to 10 dollars, back in a minute. ♪
8:50 am
8:51 am
approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget.
8:52 am
all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪
8:53 am
maria: well back let's talk minimum wage some cities minimum wage going up, but for missouri head the opposite direction right now minimum wage 10 dollars, but next month st. louis based salary will return to 7.70 an hour what went wrong this comes as seattle mayor is defending a wage increase saying editorial published in the usa paper todayi mayor writes raising minimum wage we raise incomes for lowest paid workers and economy continues to accelerate last week utah of washington study showed boosting minimum wage would result in people working significantly less hours fewer hours joining us right now former ceo cke restaurants and former labor secretary nominee andy, good to see you thanks so much for joining us. >> good to be here thank you. >> walk through this with us missouri not going back to 7.70 that is -- mayor here in seattle, saying no, we want to raise it, what do you think of
8:54 am
the mayor's comments where are you on this issue as the debate is just raging? >> well it is you know a bad couple months to be a fight for 15 supporter they had a report out of the -- harvard business school showed in san francisco every dollar you raised minimum wage resulted in 4 to 10% increase restaurant closure rates then report come out of the university of washington -- supported by bureau of -- of bureau economic research, which showed that low-wage workers people that this minimum wage is supposed to protect were seeing decline 125 dollars a month in their income, because their hours reduced so they were replaced automation would replace them income tax went down mayor got a copy that have report it was an coy from university of washington, by the way, university of washington is not a conservative think tank or for economic conservative 23450ik policy went to you. c berkeley students have a
8:55 am
hard time even hearing conservative speakers, goes ucberkeley berkeley comes without a report in advance of the release of the washington report, that used different surrogates to try to come up with some explanation for why minimum wage increase didn't hurt, then the mayor who is is where invested in this minimum wage increase goes on usa today starts talking about the great economy in seattle and how fortune 500 companies are moving there completely missing the point this is about low-wage workers who aren't goings to work at fortune 500 corporate headquarters totally over, he misses whole point missouri gets it, missouri is not like seattle and san francisco they have got cities st. louis kansas city suffering seattle stran have tech business so you go to st. louis kansas 70 people are losing jobs you are in missouri, and governor looks at research and says, you know what? this is going to hurt the very people that we're trying to help we are loving business, missouri has been great went to right to work, really
8:56 am
making advances in the state there is a group called the show me state institute by brenda, a spectacular job therewith moving right direction i think you will see more of this particularly in states that don't have superstrong tech economies that they can try and life off. dagen: andy quick, will unions every give up this fight because because we need to point out unionize behind fight for 15 raises their negotiating base many instances unions get waivers they hold this 15 dollar minimum wage or thereabouts, over the heads of municipalities they get waiver and use it as negotiating leverage with companies saying hey, we can give you a better deal on wages. >> they won't, they are not going to give up on this this is a big plus for unions they are the ones who actually benefit from this it is not the not the young person high school or college that is looking for a job that benefits from this because they are not going to find those jobs it is the negotiating base for the
8:57 am
unions it is progressive idea more government tries to i can ma it looked like economic growth more there will be economic growth that otherwise just not the case we need competition genuine economic growth as obama administration approved you continue to increase wages if you don't have economic growth doesn't matter how many minimum wage bills you apples we need growth we have a president bringing it. >> great to have you on program please come back soon. >> glad to be here thank you. >> we will be right back finalizing thoughts. ♪ ♪
8:58 am
... ......
8:59 am
9:00 am
>> final thoughts. lee carter. >> listen, i think that donald trump's strong speech today. i can't wait to see how the main street media covers it. i think it's going to resonate with the voters. >> keeping an eye on the market. maria: have a great day everybody. here is "varney & company" and charles payne today. take it away. charles: i'm charles payne in for stuart. happening an hour ago. president trump on the second overseas visit as commander-in-chief. his message,s the world must unite every north korea's aggression. and to nato pay your fair share and yes, we'll defeat isis and never back down. and a face-to-face sit-d

78 Views

info Stream Only

Uploaded by TV Archive on