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tv   Mornings With Maria Bartiromo  FOX Business  May 11, 2018 6:00am-9:00am EDT

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new jobs since election. if pe would have told you during the campaign that we would create 3.3 million jobs in the short time everybody back there, the fake-news media, everybody back there would have said, can you imagine. maria: meanwhile on wall street investors concerns over run away investment, futures higher up this morning, dow industrials fractional move but the nasdaq is lower by just 2 points. yesterday the market was up, dow industrials up nearly 200 points, sixth straight day of gain, dow up 196, almost a percent. s&p up almost a percent and nasdaq as well, 65 points higher, almost 1%. the markets are lower, take a look. ftse down a fraction. cac quarante and dax down a third of a percent. in asia overnight, markets mostly higher, worst performer
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china. japan was doing well and the hang seng and hong kong better than 1% a piece. starbucks slamming gop tax plan after calling the tax overhaul fool's gold, that's next. facebook is bouncing back, social media company recovering over $100 million in value following cambridge scandal. facebook down a fraction this morning. winter is coming, new johnny walker scotch inspired by game of thrones later this hour. all the stories coming up friday, joining me dagen mcdowell, founder and ceo of 32 advisers, former economic adviser to president obama robert wolf, gary b. smith. nice to see you. >> nice to be here. >> very excited.
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maria: dagen, good morning to you. dagen: so much to talk about particularly the market rally because we've had two days in a row of triple-digit gain on blue chip. we have inflation numbers, no inflation and consumer prices to speak of. there's no wage inflation either, i wonder if that's a worry. maria: talk about 26% earnings growth for the s&p 500. >> i got into the city, cause and effect, right about that time the dow went positive for the year. maria: gary b. smith the new indicater. >> exactly. i will let you know when i'm in the city next time. dagen: unless you have billions of dollars to fuel stock buybacks. >> i bought stock yesterday, i contribute today that. >> last gdp number, consumer spending didn't feel good but business investment is through
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the roof. back in stock. >> you think about -- i'm sorry, maria, you think about the landscape, though, economically, we are really in a nice sweet spot. the best we've been in probably ten years i would say. maria: there was criticism about the tax plan that the business sector would be saving all the money and putting in stock buybacks and the architects to have tax plan said, that's good too. it's certainly boosting the market. >> you know what i would say on my 30 years of wall street, sometimes buybacks work well and sometimes they don't work well. there was, you know, in the 80's they didn't work so well, in the 90's they worked well for a period. you never know. i would rather see them spending, you know, on business investment, skills training, wages as dagen said. maria: business spending is up. they are putting in r&d. >> we will see if they put in skills and training and they
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haven't really put it into wages. it's good that the businesses are in right trajectory and that's a good thing for all of us. maria: absolutely. dagen: gary b., you have a ways to go, $150 billion of stock buybacks by companies. [laughter] >> i plan to live 298. a long runway. maria: coming up this morning we have a lot to talk about, former trump campaign foreign policy adviser walid phares is with us, galaxy digital founder mike is here, he is starting new business. >> what do you think he's going to be wearing? white, red, very interesting what he wears today. maria: he will talk about crypto. >> he's the best. maria: paul is here former u.s. coal commander kirk lippold and medal of honor recipient dakota meyer. president trump landing in indiana rallying supporters, he
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welcomed home three americans formerly detained by north korea, listen to what the negotiator in chief touted his recent policy achievements while explaining why his 2020 reelection campaign is keep america great again. >> this is truly an exciting time for our country, jobs are booming. america is being respected again. [cheers and applause] >> usa, usa! >> i had the incredible honor of greeting three brave americans. on june 12th, in singapore, i will be meeting with kim jong un, fake news when they were saying, he's going get us into a nuclear war, and you know what gets you into nuclear wars and you know what gets you into other wars? weakness, weakness.
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we are not going to be walked into an iran deal where the negotiator john kerry refused to leave the table. obama, president obama, paid 1.8 billion for hostages. kim jong un did a great service to himself, to his country. those hostages came out with respect, we didn't pay for them. maria: meanwhile back in washington secretary of state mike pompeo will be meeting with south korea's foreign minister to lay the ground work for talks between the president and south korean president moon jae-in ahead of historic north korea summit. joining us global economic's editor jon hilsenrath, jon, good morning to you. what are you seeing out there? >> well, you know, i think if we end up doing some kind of deal
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with the north koreans and they denuclearize, i think it's a hugely positive development for the market. i mean, one of the great uncertainties on the global landscape right now is the threat of a nuclear north korea, so i think it would be a really positive development, i think it's a little bit too soon but, you know, as dagen was saying at the outset of your segment today, we've had a couple of big triple-digit rallies in the last few days. maybe the market is feeling some of that positive vibe. you know, the other thing i'd say, you ran the clips from donald trump last night, he was in el carte, indiana, we had a story about them a month or so, the biggest turnaround in the job market in this entire country. they had nearly 20% unemployment at the worst in the financial crisis, they are down under 3%. maria: do you think that's worked its way through the market in terms of foreign policy issues, the north korean
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issue, if we were to see the denuclear threat off the table? dagen: rising concerns about the iran nuclear deal, the increased tensions between iran and syria and israel, that there has been balance there. you look at what oil prices are doing, i have to look and see where they closed yesterday, they closed 71.36 a barrel. maria: 3-year high. dagen: so they're up a little bit this morning. so i think that with north korea and people are learning to -- learning or trying to make sense, okay, with wedraw from the iran nuclear deal because it was a lousy one according to many, and we are drawing a hard line with north korea, we sent a very clear message to north korea about what we are willing to do in terms of the nuclear deal, disarmament, denuclearization and what we are not willing to do. >> but the oil prices, do you think that's because of international tensions, oil
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prices have been going unsteadly for a year. i think it's more related to the improving economy. i mean, oil, you know, a cliché, i suppose, the fuel that runs the economy as the economy grows we need more oil. i'm not sure there's a direct correlation between what's happening and foreign policy. dagen: i can answer that. maria: it did get a boost. >> i would -- dagen: 5 to $7 in geopolitical risk arguably in price of crude oil, serious supply disruptions not just worries about iran but also in venezuela, demand is strong but, again that geopolitical risk is keeping it above 70, 71 bucks. >> i would say it's more emotional because the supply disruptions, the amount of oil that we get foreign is -- is smaller and smaller percentage. maria: go ahead, robert. >> i would agree with dagen, i think a lot of it is geopolitical. as we go into the summer is the worst time and when most people are doing travel.
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maria: definitely. gasoline prices are up. >> we don't know where this will lead us, there's no question business is doing well but we had a 5-year low on consumer spending in the last quarter. 25-year low. maria: dick cheney tells me he does not think that the lose of iran ape oil will have impact on global markets, back from interviewing the former vice president along with former defies secretary and former cia leon pineta and got their take on the summit. >> i started with the principle that i don't start with north korea, that's a good place for the president to be. they're engaged in what i call accommodation. >> i think we have to be very careful. i think the president has to be careful to go operate in a way that we don't hung out to dry, if they don't meet our standards, i'd walk, but i think so far it's been handled well.
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maria: jon hilsenrath, final word from you. >> one thing that robert talked about on the economy, consumer spending was soft in the first quarter but that's tofn case, you know, i don't think this is any moment to be counting out the consumer, we have to counterbalancing issues on the one hand, oil prices are going up, gas bills are going up but tax bills went down so when the job market is as strong as it's been i don't think the consumer is awfully weak or soft right now. maria: every time oil prices move up is it result or leading indicate caider, is it a result or are we seeing oil prices move higher because of oil prices are actually leading. >> it's an interesting week. we have the dollar up, the oil up and we have inflation feeling kind of stagnant, that usually doesn't happen all three at once. dagen: on the issue on consumer gas prices heading into the summer, steven short thinks that
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president trump will tackle petroleum reserve, again, it's a political issue, you already hear democrats trying to damage, gas prices are going up, bad for consumers, you watch him, it could be used as political tool. >> make sure i say even kill i was supported when president obama was in office when oil prices went up, two week of strategic reserve. dagen: i think i didn't like that. i'm saying it was a possibility. maria: great interview, i'm sorry. >> it would be amazing how the gop would like the release of strategic -- [laughter] maria: jon hilsenrath, thank you, sir. have a great friday, jon. facebook rebound, the company recovers over $100 billion value after data breach scandal. check out the stock chart. get your dinner in 30 minutes or less, how would you like it
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maria: welcome back, president trump set to unveil plan to lower prescription prices, cheryl casone with headlines now, cheryl. cheryl: that's right, maria, the president's plan is expected to include changing the payment system for certain drugs under medicare. administration wants to move some drugs out of medicare part b, put them under part d, president is backing off on call for government negotiation of drug prices. fox business is going carry the president's speech that's live today at 2:00 p.m. eastern time. meanwhile the president is also scheduled to meet with a group of automaker ceo's at the white house, busy day at the white house, fuel economy standards are expected to be focus of talks, the administration wants to cut back on obama-era emissions regulations. well, an israeli nonprofit is honoring president trump with a come mem -- coin expressing joy
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and gratitude for moving embassy to jerusalem. that is happening monday. depiction of king sirus who allowed the jews to return to jerusalem 2500 years ago. facebook has really recouped its losses from the cambridge analytica scandal, 25% low on march 26th losing market value but after reporting solid earnings, the stock price is down $185 a share, you should put the word cambridge on the dip. uber is going to roads to the sky. one of ten companies the government has chosen to test drones, uber will try in san diego, california. they are aim to go deliver food
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in 30 minutes or less, i don't think new york city will be on that list, just a thought. maria: let's talk about measure. your drone company. something you'd consider? >> it's not what we do. we focus on solar and media, we do great work for fox. listen, this will be very interesting where they actually because of privacy where they can actually do delivery, it's certainly good in some areas, i don't see it coming to new york city overnight. the privacy issues in urban areas for drones is just not conducive. >> what are the privacy issues? >> drone over sky scraper. >> it's called me leaning out of my apartment with a baseball bat. [laughter] >> we have a drone company.
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>> i understand what you're saying. we have cameras everywhere, we have people rooming around everywhere. you can't walk one block in new york city without being seen by -- maria: this is mobile. >> let me just reply, still irrespective where drone adoption is, there is the overwhelming feeling that it's still based on military and weponized, that's where the country is, they have not yet moved to the place where it's that mature. maria: i'm there, i'm with you. i don't want a drone hanging out my bedroom. [laughter] >> i'm just telling you facts, that's all. dagen: that's a public safety issue. he's talk about when you have them flying around space. >> drone companies -- >> my only question, when you say they are the facts, look, i
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don't argue that there are facts out there fi went out and asked the average person, do they care about drones, no, i'm guessing. maria: i care. >> i would respectfully disagree. a lot of people don't want drones to fly over them. maria: we will do survey. take a break, though, on that note. coming up police officers could have a brett liezer type test for cocaine. the technology is smaller than fingernail. johnny walker teams up with hbo hit for specialty scotch. the fans would love the name. back in a minute
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>> of course i think our economy is strong. i think the elements of our economy are doing well, but my greatest fear having been budget chairman and omb director is the huge debt that's out there and growing. that will put pressure on interest rates, it's going to put pressure on resources, the ability to be able to do the things that we want to do, it's going to put pressure on inflation. so all of those things are in jeopardy. maria: former defense secretary, former cia director and former director leon pinetti in las vegas. joining us to talk more about
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the economy, chief strategists for met life drew. good to see you. >> the economy seems to be doing relatively well. consumer is doing fine. cap seems to be picking up and productivity off the lows from last year. maria: last gdp report show that the economy -- consumer spending was the lowest pace in, i think, 5 years, we are also hearing the narrative that things will slow down as a result of weaker consumer and demographics in general in the coming years? >> in the coming years there's probably slowdown, a lot offset by productivity gains. the second factor, the one you really have to pay attention is productivity story, if we can get growth up and productivity up, i suspect we will get benefits from years to come. >> drew, what do you think about what secretary pinetta said about debt deficit, where are
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you guys looking how that impacts rates and the eventual fed moves and things like that? >> we do expect it'll influence rates, one of the reasons we have the 10-year yield continue to move higher is on debt story, we are certainly seeing in front of the market. one to have reasons has been so high because of u.s. treasury. if we go back to 1990's we all thought that the u.s. economy, treasury will continue issuing so much debt and be in debt crisis and 10 years later, big complaint that there was wasn't enough treasury debt. those things can change and often times we don't really understand the mechanism for the change and tends to be long-term productivity cycle. >> where are you in the 10-year? >> four and a quarter. we only have two rate hikes penciled in now and if there was less we have to think rate
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hikes. maria: would that be an issue, dagen, we reached 3%, markets sell off, although yesterday not so for. dagen: we have been able to digest the 3er, -- 3%, worry about inflation and volatility in early february, investors are getting used to this and i want to point out, we got a note from charles brady here in the building, the dow is on track for longest winning streak, up today, 6 days in a row since november. the longest winning streak in six months. >> i want to get back to rates, it does tend over time to influence mortgage rates and i'm interested in what you think about housing, big component of people's wealth and where you think housing prices might be going? >> i think if you look at how the 10-year influence, tends to be above certain levels of 10-year yield, we are not there yet. if you look at the way people are behaving with 10-year yield,
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consumer saving less. reason we think they are doing that is because baby boomers are looking ahead, if i were to move to fixed income asset to fund retirement, what yield am i going to get on assets and the yield is becoming higher and are becoming more comfortable that they can retire. in terms of home prices, it'll really a wild card because a lot of the changes in tax law probably means that some of the areas of the country are going to see a little bit weaker in terms of home price depreciation and other areas where they are attracting influx of people from higher states -- maria: with that in the backdrop how do you allocate capital, what are you telling clients? >> there's a lot of risks out there, not all financial, what we like is our trading market risk for liquidity risk. we would have less liquid asset that is have more, you know,
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more conservative covenants, things we get paid for. met life originates private assets, we like private assets, we like being in there because it offers more protection but higher yield. maria: we will leave it there, drew, good to see you, drew mattis, evacuations in montana. we will tell you the rough weather is headed. danger and worry in indonesia as the java volcano erupts forting evacuations in the airport there. the very latest next. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it.
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ask your doctor about once-weekly trulicity. [fbi agent] you're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. just another day on the farm. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai.
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he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed. >> thanks for joining us, it is friday, may 11th. historic summit, donald trump confirming he will meet north korean leader kim jung un on june 12th in singapore after welcoming home and three americans detained in north korea. former cia director leon panetta, got their take on the
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detainee coming home. >> it offers the possibility of significant progress. we have to be careful and the pres. is being careful to operate so we don't get hung out to dry. >> there are pickups of accommodation and we found out we couldn't trust them. maria: on wall street investors concerned about runaway innovation, a rally at the start of trading, dow industrials up 60 points, nasdaq attend this morning. the dow is up 200 points, the sixth straight day of gains on wall street, nasdaq up 54 points was markets are lower, fractional moves down, the cac quarante is down 20 and the dax index is down 40. in asian markets close mostly higher. best performers were in japan and hong kong. house intelligence chairman devon nunez is not backing down. the latest showdown with the
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justice department over allegations of abuse of power. a scare in indonesia, the harrowing scene of residences evacuating after a volcano erupts. police officers one step closer to using cocaine breathalyzers. the high-technology features in its tiny chip coming up. the queen of comedy back at the box office. >> we got to make you change it. >> we don't know where that is. >> no! >> are you 20? >> 21. maria: breaking down the new movie life of the party. that is coming up. a justice department showdown, devon nunez says talks with the justice department about handing over classified documents related to the russia probe will continue calling discussions with officials productive, and requested
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documents about a specific individual described as a longtime intelligence source for the cia and fbi. >> this request is wholly appropriate and completely within the scope of the investigation ongoing for a while with respect to f i sa, this is something that should have been entered a while ago. i have spoken with trey gowdy and devon nunez and the atty. gen. on this. i expect we will have an accommodation. >> the justice department is complying with nunez's request could endanger the lives of intelligence sources. joining us to weigh in on this is former us attorney, partner at avenue strategy, good to see you, thank you for joining us. this has been over a year since nunez is requesting these documents, had to subpoena
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them. do you think nunez gets his hands on these documents? >> hard to say. sounds like they articulated a legitimate concern about the safety, revealing the identity of this source and when that is a real concern it is a real concern. maria: i don't know if you saw the op-ed, the editorial board wrote the washington post had all the details about who this source was, that he leaked and it seemed somebody leaked information to the washington post, the story that this is an important source and we cannot give it up because it will be national security, the washington post had all these details about this source. the journal op-ed was not buying it. >> too often the department of justice is hidden behind we can't reveal this because people will get killed.
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their credibility when they assert those vague defenses about disclosing things, you are always skeptical about it but if it is real it is real and trey gowdy and devon nunez took a step back after they met with him so after that, they are convinced there is some legitimacy. stable work it out and we have to recognize everything that gets to those committees is in the media. you have to assume whatever they hand over will be disclosed. that is a nonpartisan issue. maria: you would think it is, that everybody would be on the same side here, that we want to justice and don't want bias and we want independent -- it has been so long that the doj has sat on these documents, this is a specific case and this doesn't speak for what has gone on, that they have been stonewalling.
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we have a forthcoming ig report in the month of may. what do you think it says in terms of jim comey and handling of the hillary clinton email investigation. >> it was handled irregularly. it will say they can't reconcile their actions with anything they have done since or before. it is going to unavoidably demonstrate they were in the bag for hillary before the thing ever got off the ground. maria: we know andrew mccabe saw a referral of criminal charges, will we see a referral of charges in the ig report on jim comey? will we see accountability for this? >> that is the question. we had this discussion before. getting people charged criminally, ruining people's lives, making the mortgage warehouses to hire lawyers
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should not be our goal. our goal is to know what happens. we are entitled to the truth and we are a year or two years later trying to find the basic facts for how this started. we have an investigation that seems to be going on and no one can articulate a crime they are investigating. they have to find a way to come to the people and say this is why we are moving on in this investigation and need to explain in a comprehensive way how mistakes were made and shouldn't be the goal, the goal should be the truth and i am frustrated someone doesn't have the ability to come to jesus moment like wilfred brimley at the end of absence of malice and say what happened here and what is the justification for going forward. maria: for chairman of the
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intel committee investigating the state department. let's not act like different stories, this is the same issue that has been going on for a year and congress is investigating two things. investigation of the hillary clinton email investigation and how that was handled by the fbi and doj and investigation of donald trump and how the investigation was launched looking at potential collusion between the pres. and russia. when we look at both of these they were handled very differently. this is what congress wants, they are trying to get to the bottom of this and devon nunez told us they launched the investigation with no intelligence. no reason to launch this narrative. >> doj has never been perfect but it has a history of trying to put on blinders to the politics and make neutral
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decisions and investigate neutrally. i think there has been a trend with all these instances and we see investigations of this heavy-handed approach and decisions about whether investigators like a person they are looking at and if they don't they keep going and try to throw enough mud on the wall to get somebody to cave in. that is what they are doing and it is a technique they use other places and people need to rein them in and get more focused on the original mission and politicians need to try to quit manipulating that apartment of justice in various ways but it is not illegitimate to figure out what happened because it is not neutral law enforcement. maria: it is supposed to be coequal powers, congress and the doj and these committees
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oversee the intelligence agencies and nunez, the doj officials, america is watching. >> i hope they work that out but i hope they find a way to tell us why we are still here because nobody seems to know. what is the crime? maria: why are we talking about russia collusion by the way? thanks so much. coming up a new weapon in the war against drugs, police officers, a breathalyzer device, melissa mccarthy hoping she has enough star power not to have the superpowers of the avengers, your weekend box office preview coming up, stay with us. ♪
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maria: major river in western montana expected to crest at a level not seen in 100 years. share mac the national weather service says the car forked river will reach 14 feet by saturday afternoon. it has not run at high since 1908. major flood stage is 13 feet so this could be pretty bad. dozens of homes under evacuation orders which we are watching what happens today there. overseas, indonesia's most active volcano erupting today sending an ass column as high as 18,000 feet into the sky, people living within 3 miles of this greater forced to leave their homes. a major city close, the last big eruption in 2010 killed 350
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people. a new breathalyzer could send cops to sniff out cocaine. the device could be a reality thanks to a chemical sensing chip being developed by the university of buffalo. the chip could be integrated into a handheld device used by authorities to detect drugs and body fluids, they hope to use this to spot other drugs in the future. it was a match made, game of thrones and alcohol. >> what would make our time together truly enjoyable would be lives. no wine. i am a person who drinks. maria: perhaps not wine but how about scotch? johnny walker has teamed up
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with hbo to launch white walker scotch inspired by the show. no word whether it is a batch of scotch, and game of thrones in spring of 2019. i will stick with my wine. dagen: the greatest line in the history of that show that i want to wear a t-shirt is that is what i do. i drink and i know things. >> i can't wait until it is back on. i can't believe we have to wait so long. >> the session i watched, 30 minutes of it, my wife and i turns to each other is that i don't know what is going on, turned it off at never watched it again.
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dagen: he shot me a look like that is who i am. it was that look. >> it was the same look. >> just to put on the bar already. maria: melissa mccarthy's new comedy taking down the avengers at the box office coming up, stay with us. ♪ you know you better watch out ♪ mr. elliot, what's your wifi password?
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>> i don't regret being at home and being your mom but i regret
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not getting my degree. >> just enrolled in college. i'm referring to myself. i will see you around the quad. >> nobody says that. maria: a clip from the new comedy life of the party with melissa mccarthy playing a dedicated housewife who decides to reenroll in college after her husband these are only to end up in the same school as her daughter. michael, another melissa mccarthy hit on our hands, it looks funny. >> good morning. melissa mccarthy's movies collectively have grossed $1.1 billion throughout her career, almost guaranteed box office gold, looks to bring in $25 million this weekend, reminded me a little bit -- flashback friday. rodney dangerfield in back to school from the 80s. maria: a concept. >> the triple when the i was
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thinking. maria: not the only movie hitting theaters wednesday. this is the new film breaking in. >> make it through the weekend and come home. >> mom? >> if you had -- >> mom! maria: mom gets to save the day in this driller. two films show moms as heroes in different ways for mother's day weekend. what do you think? >> probably melissa mccarthy's movie will come in over breaking in but either way it is brilliant kind of programming to the other big monster movie out there right
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now that looks to be avengers infinity war. if you notice a trend, women leading the box office. it is not a fluke. hollywood is waking up to the power of women at the box office and last year the top three grossing movies were all held by women from wonder women to beauty and the beast to star wars. maria: i love that, particularly somebody like melissa mccarthy who is as funny if not funnier than, say, will ferrell. i read one of the reviews for that melissa mccarthy movie and it is sweet, not just hilarious. it is directed by her husband. >> the female comedian, she could stand there and make me laugh. the movies by game she was in was one of the funniest of all time. maria: are they going to take market share from avengers infinity war? will the billion-dollar marble flick continue to dominate? >> absolutely.
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the fastest movie to cross the zillion dollar mark in history, breaking all kinds of records, pulling in 55 in $55-$60 million on its third weekend and come in at number one. deadpool ii looks to give a fight for its life and at the end of the month we have solo. i hear you clapping. maria: people want to know what you thought about so. dagen: deadpool was one of the most surprisingly hilarious movies and i cannot wait. >> i did not know deadpool was part of the comic universe. dagen: get out of politics and drones. >> i didn't know all the others. >> robert grew up in a different time, there were very few superheroes back then. maria: final word on solo?
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>> i am bound to hold my lips sealed until after may 15th. the hollywood will put out all the stops, the oscars at the premier, they had hollywood boulevard closed end to end, massive red carpet with the millennium falcon in the middle of things, an incredible night. hold on to your seats. maria: see you back at the ranch. thank you. have a great weekend. still had running and jumping and enjoying a day in the park is normal for you and me but big news when it is a robot. the latest mind blowing progress from boston dynamic on "mornings with maria," stay with us. ♪ we were built on it. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way.
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until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. pah! thano, no, no, nah.k. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar.
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a hospital that doesn't lose power. amazing. i like it. never gonna happen.
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>> maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is friday, may 11th. an historic summit about a month from now. president trump confirming he will meet kim jong un on june 12th in singapore. the president outlined his strategy for how he'll approach the meeting during a rally last night in indiana. >> i think it's going to be a he very big success but my attitude is if it isn't, it isn't. if it isn't, it isn't, but -- you have to have that because you don't know. we're not going to be walking
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into an iran deal where the negotiator, john kerry, refused to leave the table. >> maria: investors are concerned about run away inflation. it seems to be subsiding this morning. dow industrials expected to be up 60 points at the start of trading this morning. futures indicate a t pretty good start to grating. the dow was up yesterday, turning positive for 2018. nasdaq up almost 1%. in europe this morning, markets are mostly lower. cac and the dax index both down a third of a percent each. in asia markets closed mostly higher. japan and hong kong were up better than 1%. bank of america analysts predict oil could spike to $100 a barrel following the u.s. with drawing from the iran deal. oil is up to $71.45 this morning, up just a fraction but nonetheless on the other side of $71. the power of apple as the
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technology giant approaches a market cap of $1 trillion. the company is teaming up with goldman sachs for a new credit card. we break down that collaboration coming up. a new take on luxury, royals royce unveils their first ever suvsuv, details later this hour. boston dynamics reveals their latest robotic creation. watch. how artificial intelligence is shifting innovation and why the white house is taking notice, coming up. all those stories coming up this friday morning. joining me to talk all about it, dagen mcdowell, former economic advisor president obama, a fox business contributor, robert wolf and garrett b. smith. thank you for being here. was you about that robot? now he's jumping and running in
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the park. >> the most amazing thing we saw there, can you do better to set expectations than by saying if it isn't, it isn't. that kills me. >> maria: the president, yeah. the word is out. look, the kims have done this before and made promises that they'll give up their nuclear ambitions. connedlcondoleezza rice told usy made promising and never kept them. it's right to be skeptical of north korea. >> he's the first time a president has gone into one of these, where i'v where i've nota president saying this is going to go great. he says if it happens, it happens. >> it's a good thing we're trying to have diplomatic relations with north korea. let's hope there's a positive outcome. >> maria: what about the hostages. last night the president and the first lady t met them.
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it was separate at this extraordinary. >> what we saw in the media, nbc news, some reporter, hailey jackson going with disdain, saying it was choreographed. it was staged. if you want media attention, you don't do it at 2:30 in the morning. >> maria: they hate this president so much, the trump derangement, they cannot admit that this is pretty extraordinaire are you, what we're seeing -- extraordinary, was we're seeing happening in north korea. >> i think the president made a mistake on the iran deal but i'm 100% supportive on his strategy for north korea and like he said, we'll have to wait and see. if there could be diplomacy and we can denuclearize north korea, that's a home run. >> maria: and if they do a new iran deal? >> dagen: we're already cracking down iran's central bank. >> i disagree with him on a lot
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of his policies and politically, we want the country to do incredibly well, economically and foreign policy. >> maria: that's not the way the media acts. >> that's why i'm fox news today. >> maria: exactly. good point. we'll have all that coming up. the summit is now set, the president took to twitter yesterday to announce the location and the date of his historic meeting with north korean leader kim jong un, hours after welcoming three captives held in north korea. he wrote the highly anticipated meeting will take place in singapore on june 12th. we will try to make it a special moment for world peace. president trump also touted his meeting with the her mitt kingdom at -- hermit skin at ata rally last night. >> i had the honor to greet three brave americans who were held in north korea and we welcomed them back home. june 12th in singapore i'll be meeting with kim jong un to
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pursue a future of peace and security for the world. but you remember everybody in the fake news, where they were saying he's going to get us into a nuclear war and you know what gets you into nuclear wars? and you know what gets you into other wars? weakness. weakness. and i have great respect for the process. but in all fairness, obama, president obama -- [booing] >> -- paid $1.8 billion for hostages. you, not me, you, last night you saw it, and again it's leading to some very big things. >> maria: joining me to talk more about it is former trump campaign foreign policy advisor,
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walleed ferris. have you spoken with the president about this north korean situation? >> i have not. i've seen the actual stems. i think we're going in the right direction. the north korean leader or dick you day tore, if you want, is not moving in a void. the president did the right thing in mobilizing first our east asian allies, japan, south korea, but more importantly speaking to china. that's a game changer from past attempts. this is leading to the situation we're seeing right now and i think that we're not going to have major surprises in singapore because upon i don't thinthey'vealready made a decise concessions. >> maria: i think you make a great point on china. you have to give china credit here. the pressure campaign that president trump put on china, put on north korea, is object havobviouslyworking. china i guess withheld certain exports to north korea. the chinese did participate and helped the u.s. i wonder if that creates some
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goodwill going into trade negotiations between the u.s. and china. >> absolutely. i think the china did a deep analysis for the situation inside north korea. we don't know much about what's happening . remember, there was an incident where a north korean soldier passed into the south. this is an indicator that something is brewing in north korea. their capacity to survive they way they are have reached the limits. this explains how probably the chinese told the north koreans don't have another pass. lobbying the missiles into the pacific are not going be a choice. we're not going to be at war with the united states because of you. this flipped the dictator. >> maria: let me get your take on the iran nuclear deal, the president announcing his decision to pull out of the nuclear deal yesterday. i spoke with dick cheney and leon panetta yesterday to get their take on this. listen to what they said about exiting the iran deal.
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>> the iranians ended up sort of the big dog on the block, primarily because it appeared to be what president obama wanted to have happen. >> i don't think there's any question it was a mistake. because the issue is leverage. we need to deal with the kind of undermining efforts that exist in that part of the world. >> maria: your take on this? >> my view has always been since 2014, when the negotiations led to the 2015 deal, the problem technically is not with the actual deal. , i mean, with theactual stipul. had the same deal been done with south africa after the collapse of s soviet union, or a different iranian government, it's okay. the intentions of the iranian regime, we have a deal with them and they are expanding in the region. they are buying missiles. it's not just an economic reading of the deal, it's a geopolitical leading of the deal. my view is there will always be another deal. once the deal is over, what's going to happen? they're goes to negotiate for a
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new one. >> maria: i wonder what happens with europe. there's a period where countries and companies and individuals will have to decide, i'm either going to do business in iran or with iran or i'm going to do business with the united states of america and you can't do both. so is there still a chance do you think the european leaders follow the president's lead, or no? >> yes, there is a chance. all depends on what we're going to do next. canceling the deal by itself, it's going to give all that energy for the europeans to fight for their interests. they're invested in the deism those who can help us rebalance and convince the europeans to change and come to a new table of negotiations should be the arabs. remember, the president met with 50 arab and muslim leaders in the region and had influence on the europeans. my call is on the gulf, on the arabs to meet with us in a summit. we will meet with the europeans and tell them look, iran or all of us. >> maria: all of this conversation is having an impact on oil. president trump's decision sending oil prices higher recently and now bank of america is out with a report telling
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clients oil prices could return to $100 a barrel by next year. this morning we've grued crude ucrude up to$71.44. do you expect oil to stay elevated? >> $71.77, that's what i see so far. it was a peak because of a market reaction to a decision they didn't understand. they wanted to see if somebody else is going to do the production. as i say, if we have good coordination with other oil producer, we may stabilize the price of oil, we may not see it going up to $100. >> maria: on nafta, we've got a deadline coming up. the president said we want to have a deal in place by may 17th. that's next week. do you think we're close on nafta? if we don't see a new deal that, could be trouble for the markets. >> it depends on the president's team's preparedness and what they have at the table. it's possible but we'll see what happens. >> maria: we'll watch that. the sticking points on nafta is
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about origination in terms of auto production, how much of the auto production should be originated in the north american region versus elsewhere. it's good to see you. thanks so much. >> thank you. >> maria: that deadline for nafta, may 17th. we'll watch that. coming up, goldman sachs and apple team upping on a new credit card. details on the partnership as apple is in striking distrans of market value of 1 trill i don't. plus, the future of artificial intelligence on deck, right here. ♪ metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio-
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>> maria: welcome back. about half of americans are living under sanctuary policies according to a new study. >> cheryl: this nonprofit organization called the federation for american immigration reform says there are now over 560 states and municipalities that refuse cooperation with federal immigration authorities. that's up more than 200 since president trump took office. the sanctuary states include california, illinois, and new york. well, fiat chrysler is recalling older jeep suvs, a suspension
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problem could limit a driver's control of the vehicles. the recall covers liberty suvs from the 2004 to 2007 model years. the company knows of one crash but no related injuries, luckily. this recall expected to begin in june. well, spotify is no longer going to promote artist r. kelly on its platform. the snub is part of a new hate hateful content and conduct policy. while r. kelly's music will be available on spotify, they won't include his songs on their curee ated play list. spotify is working with several groups to determine its definition of hateful content. over the last month, spotify shares are up about 5%. well, rolls royce is unveiling his first suv. it may be an off-roader able to plow through snow and down shift
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through mountains but it's not forgetting the company's style. the suv is named for a diamond that's part of the british crown jewels. the suv is $325,000. that does include, maria, a built-in refrigerator. so there's that, for your 300 and change suv. >> maria: wow. thank you, cheryl. coming up, a major win on the war of terrorism, five isis leaders captured. details on the operation involving u.s. and iraqi forces. apple found another way to get into your pocket. the technology giant is launching a credit card with goldman sachs as apple's stock rally continues to target market value of a trillion dollars, next. ♪ no doubt about it, that boy's country strong. ♪
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so, how's it going? well... we had a vacation early in our marriage that kinda put us in a hole. go someplace exotic? yeah, bermuda. a hospital in bermuda. a hospital in bermuda. what? what happened? i got a little over-confident on a moped. even with insurance, we had to dip into our 401(k) so it set us back a little bit. sometimes you don't have a choice. but it doesn't mean you can't get back on track.
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great. yeah, great. i'd like to go back to bermuda. i hear it's nice. yeah, i'd like to see it. no judgment. just guidance. td ameritrade.
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>> maria: that was a new video from boston dynamics of their atlas robot. it can run and jump over objects. the growing influence of artificial intelligence is being seen in many aspects of life. there is now the creation of an a.i. task force. joining me now is paul daugherty. thank you for joining us. >> thank you for having me on. >> maria: tell us about the summit yesterday and the new task force. >> by way of context, there's a lot of dazzling technologies today. we saw boston dynamics.
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but artificial intelligence is the biggest trend. it's going to have a bigger impact across industries than desktop computing or the internet, reshaping the way we work and live. this isn't just about silicon valley. it's about every industry, which is why the summit yesterday was important because it convened leaders across many industries along with the right ag academis and agencies to have a dialogue about what change is coming and how we prepare for it. >> maria: was there a fear in anything said yesterday in terms of these robots taking jobs, being able to do more than humans or even, i don't know, working against humans? >> that's one of the issues we have to deal with. the view i think, the view i certainly have, and i've written a book on this, called human plus machine, is from the work and research we do we see a future where humans are empowered by machines and working with machines, that this enhances our productivity and really he creates new jobs, new industry sectors and new jobs
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and we have a lot of research showing why we believe this is true. the fear we have is in the short and medium term there will be displacement as certain jobs are automated by artificial intelligence. it's not the lack of jobs. we have lots of jobs today. we have the issue of how do we give people the relevant skills, reskill people fast enough to be prepared for the new jobs. >> that's what i was going to ask you, how do we get people ready for skills for america's future? it's something that i think there's millions of jobs right now in s.t.e.m. that we can't fill and it looks like this is going to be a growing trend, as you said in the short term. how do we fast forward to fill that gap? >> i think there's a few things we need to do there's obviously the k-12 system. there's been good progress there. we need to transform and accelerate the process. higher education, we saw carnegie melon university
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announce the first program in the nation, a degree program in artificial intelligence. we need more programs like that to crank out specialists who can develop a.i. we need a new focus about reskilling people in the middle of their careers. we had a good discussion with creative new ideas about how do we start to move programs, how do we get apprenticeships in place and how do we use pell grants in different ways to give people the tools they need to learn and reinvent themselves and get the right skills over the course of their career. those are the types of programs, between business and the public sector, we need to come together more on to make sure all people benefit as we move to this new era. >> that's a great answer. i'm going to have a follow-up. these private institutions, those are $70,000 a year for kids. okay. how do we get the community schools and just regular training? when we grew up, people were doing a lot more work with their hands and more physical labor.
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today, they have to be more technologically literate. how do we bring that to -- where someone doesn't want to go to college but they want to learn those skills. >> maria: as we watch robots on an assembly line. >> it's great what carnegie melon did. i'm a penn guy. it's great what some of the ivy league schools are doing. at $70,000 a year, we have to make sure that everyone can learn these skills. >> glad you asked that. i feel strongly about that. we talked about that a lot yesterday. i mentioned apprenticeships. that's where apprenticeships come in. we can revitalize the role of community colleges in this process to get people in their communities with different forms of education, different on-boarding into career paths. there's opportunity for learning academies, organizations like general assemblies, others who are preparing people in different ways. and then i think we need other community based platforms, online learning capables that anybody caning ac-- capabilities
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that anybody can access at any time. i think for most people we need alternative learning plat forces to get people in the workforce reskilled in the right way. that's something we're committed to in my company and invested in. >> maria: all the while, while china is trying to compete here and trying to get the upper hand, because they're transferring technology in this important industry. >> exactly. maria brings up an interesting point here. whenever i hear the government has convened a task force, i get worried. paul, why does the government need to be involved with this? when i came out of graduate school and i went to work for ibm, i knewing in about computers, i knew nothing about programming. i knew nothing about selling. ibm trained me. why did the private sector take care of the needs that they have? >> i think that's what's happening already, i think. i think the private sector is taking care of a lot of this.
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i agree with you, we need to keep doing that. however, when you look at a.i. and what's happening, when you look at what china's doing or france or germany or other countries, we have a different system here and i think we're clearly in the lead today with artificial intelligence, with everything we've done in the us across the dimensions we talked about. i don't think what we've done today guarantees the future leadership for us. there's more we need to do. i think it comes down to coordinated agenda that we need to work on that focuses on innovation and r&d, more coordinated fashion, focuses on workforce challenges that we need to come together across public and private sector to deal with education and skill challenges and deal with conditions around responsible a.i., new issues around how do we make sure we deal with bias and h ethics and responsible use of the technology. we need to work together and come up with the right answers. >> maria: paul, great to have
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you on the program. looking at this video, i think it's scary. i'm happy there's a task force dealing with this. >> dagen: i think the task force was really people in washington who have no idea about artificial intelligence, so they called the meeting so it was like an educational get-together for these guys to be there. >> maria: why not. if this is an industry that we're seeing take jobs and we're seeing all of this technology taking over, why not have a task force? >> whenever the government gets involved, the bar barnices start growing and braggin dragging it. >> dagen: paul mentioned ethics and morality. you saw what happened at facebook when you don't address those things at the beginning of a company, as it grows, as it explodes. they never dealt with the issue of privacy and then it came back to bite 2 billion people in the face who were on that platform.
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they're trying to get a jump on it with a.i. >> maria: coming up, for children who are ill, a can you del from a pet can be as important as medicine. a furry friend in a hospital is against the rules until now with a robot duck. we've got it on set with us many stay wit--set with us. stay with us. ♪ give it away, give it yo away, give it away now. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. with dell small businessout your technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today.
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>> maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. tgif. your top stories right now, 7:3. president trump confirms he will meet kim jong un on june 12th in singapore, that after welcome home three americans who were detained yesterday at 2:00 a.m. in the morning. i sat down with dick cheney and leon panetta and got their take on the latest actions from kim jong un. >> he's playing this very smart. he's not only releasing the hostages, he's not only playing nice, he not only went to the olympics and he's not only met with the south korean president, but even beyond that, he's now released these prisoners. >> he told me, this is going to happen. i -- if he told me this is going to happen, i would have been
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surprised. i'm pleased that it has. i think it offers the possibility of significant progress. >> maria: markets are rallying this morning. dow industrials with up 60 points right now. futures indicate the markets will open higher with the nasdaq up 10 points. yesterday, the dow was strong, so we're seeing the momentum continue this morning. dow industrials up 200 points yesterday turning positive for 2018. the nasdaq was up 65 yesterday. in europe, markets this morning are fractionally lower. cac and dax index down about a third of a percent apiece. in asia overnight markets closed mostly higher. hang seng in hong kong and nikkei average in japan best performers, up better than 1%. fighting the war on terrorism, president trump tweet ted this yesterday, that five of the most wanted isis leaders have been captured. the details on operation round-up coming up. the power of apple, the technology giant is approaching a market cap of $1 trillion.
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they're teaming up with goldman sachs for a new credit card. we break down that collaboration. technology built to better people's lives. the special robot duck that is helping children cope with cancer, later this hour. all those stories coming up this friday morning. first, the war on terror. five isis leaders captured yesterday. president trump taking to twitter, writing this. five most wanted leaders of isis just captured. vice president mike pence also touting the capture and thanking our troops at a rally in indiana last night. >> thanks to the courage of our armed forces and the leadership of this commander in chief, isis is on the run. u.s. coalition just captured five of their most wanted and we will soon drive them out of existence once and for all. >> maria: joining us right now is medal of honor recipient dakota meyer as well as u.s. chief kirk le leopold.
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congratulations, dakota. we're thrilled you're here this morning. your take on where isis is today. >> i think we're crushing isis. i think with the initiatives that the president's coming out with, i think the way we're handling business now, we're following through and, look, this is just another example of what we're doing. we're doing good things over there. >> maria: is this partly because the president has given the authority back to the generals on the ground. >> everything that i'm hearing is that he's empowering them to do their jobs. we've got the greatest fighting force on the face of the planet. just let them do their jobs. >> maria: commander, how do you see it? >> i see it the same way. not only are we working with our iraqi partners over there, but more importantly, we're getting the intelligence necessary to go after these guys at the heart, at the top, take them out and ensure we destroy their ability to reconstitute in the future. >> maria: they're definitely moving. they're moving in africa. they're not in the places that
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they were. >> exactly. i'm curious, is part of that do you feel that trump has unleashed the military a little more or do you sense any change between the obama administration and right now in going after terrorists? >> i think he's committed to it. it's nothing about unleashing us. we're never going to do anything immoral ore or enethical. he's letting them do their job. he's putting confidence back in it. there was no confidence. i think like he just said, there's no confidence from our counterparts. we're not going to be successful if iraqi partners are not confident and strong in us and believe that we're there to get this done. so i think that's a huge point why we're being successful. >> maria: do you agree with the idea that, commander, that if we were to pull out of syria, that creates a vacuum, the way a
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vacuum was created after pulling out of iraq and that would strengthen isis? >> i think it would strengthen isis. i don't think the coalition partners are quite at the level yet where they need to be. we should be there as a stabilizing and training force to give them an opportunity, provide that backup, provide the tools that are necessary, both in intelligence and assets, so that they can go out and do the mission. i mean, that's one of the great things that was talked about is the president. he's telling them this is the job i want you to do. what tools do you need to do it. turning them loose with an expectation for success and now we're seeing the benefit of that. >> dagen: commander, you would agree -- it's dagen mcdowell -- that it's not just about fighting the islamic state in syria because what we've seen develop is maybe a misstep by the united states to allow iran even in the last year and-a-half to gain ground and build up military positions in syria along the israeli border because now you have a shadow war between israel and iran and
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syria that's now out in broad daylight. and i know that with drawing from the iran nuclear deal is fighting that very war by trying to rein in the money that has flooded toward iran. but could the administration have done more in terms of really keeping iran and even russia and the assad regime in check in syria, although we've made great strides with the islamic state. >> it's a great point. i think as you mentioned, it really is presence and being there. staying and being on the ground gives us eyes there that are going to be able to allow us to get the intelligence we may need in order to understand it. more importantly, i don't think we could have headed it off. iran and russia are independent countries. they can go there. clearly the countries that are in the region principally saudi arabia should have been more proactive. they allowed themselves to be surrounded. when you look at hezbollah with the proxy between lebanon,
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syria, their influence in iraq. you've got iran and rebels in yemen. they're surrounded. where their engagement, other than going into iran. we need to give them the tools to proactively go after iran and hold them accountable for this expansion. so it's not just resting with israel. >> kirk, congratulations, amazing news. just to segue back to the u.s., i would be curious of both of your views on cia nominee haspel, gina peel. obviously -- gina haspel. obviously the idea of torture seems to be at the forefront and whether she is the right person to lead the cia. i'm curious how you come out on her leading the cia. >> i haven't heard a reason why she shouldn't lead the cia. say blaming her for torture is like blaming the troops for
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invading afghanistan. she said she didn't believe it worked. because she didn't go back and put the blame on the cia, isn't that what -- she's doing an honorable thing. there's only two groups that don't want her in and that's the democrats and also al-qaida. >> maria: i also think it's been 17 years since 9/11 and we've had this time to digest what took place. dick cheney yesterday said look, at the time -- he said he would do it again. the three people that were waterboarded were, number one, the mastermind of 9/11 p. >> we're acting like we're waterboarding every person we pick up. we're not. the school that our troops go through is harder than waterboarding. why do you negotiate with terrorists? when do we start doing that? >> maria: here's what dick cheney and leon panetta said about this yesterday. listen to this.
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>> i think what we did ultimately produced the intelligence we needed to be able to get bin laden and so i supported it whole heartedly. i still do to this day. if it were my call i would not discontinue those programs. i'd have them active and ready to go. i'd go back and study them and learn. the agency's in a difficult position. >> i share the concerns about the morality of some of those methods, particularly on water torture, which is torture, as far as i'm concerned. and i believe that we have taken the right steps to move away from those enhanced procedures and implement the approach that the fbi implements, that the military implements. that's the approach we should have taken a long time ago. >> maria: look, kirk, we lost 3,000 people on 9/11. let's remember where we were at that time.
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and by the way, she did say yesterday that she's against using these programs going forward. >> i think she's absolutely the right person because she has the experience necessary. let's face it. what makes a good leader. it's someone who is seeing things that don't work, that were immoral, that we may not have wanted to do. that creates a reference point for her to be able to lead the cia forward in the future. so i think that she has learned from that experience. she is going to develop a mind set within the cia that there are better ways to do business in the future, while 3,000 may have died, that doesn't necessarily justify it. but you have to look back, view the lens through which we were seeing the world post 9/11. our nation did not want another attack and we were willing to do what was necessary at that time by a number of people, legally justified, to say this is what we feel we need to do to keep the nation safe. having learned from that experience, now we go forward and we're stronger and better as
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a nation because of it. >> maria: i don't know if you saw the hearing yesterday, two days ago, but i felt like there was some politics at work. i mean, oftentimes you see women supporting women. not the other day. it was very much talking about these programs and some got you questions, is it moral. >> dagen: if it had been slipped and that was a democrat and a female sitting there and she was being grilled by a bunch of republican, it would be outrage until the year 2025 by the left. the democrats, present company excluded, will support a woman if she's a democrat, if she believes in what she beliefs. >> maria: not if she has conservative views. good to see you both, gentlemen. thank you. >> thank you. >> maria: thank you so much for joining us on this important conversation. coming up, apple's continued domination, the technology giant is approaching a trillion dollar
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market valuation and the company is teaming up with goldman sachs for a new credit card. the details coming up. when you think robots you might not think warm and fuzzy. maybe you will. a new robot duck brings hope and help to critically ill children. back in a moment. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed.
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[muswe were built on it. (vo) we know the value of trust. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.
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a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home, with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro.
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>> maria: welcome back. apple working with goldman sachs to launch a co-branded credit card. this as apple is getting close to a $1 trillion market value. gerri willis has all the details now. >> that's right. apple's teaming up with goldman sachs new consumer bank called markets with a wall street firm to represent their first credit card. for apple, it's a move to deep edgdeepentheir ties to consumers wallets. it replaces the long-standing rewards card partnership with barclays. that's over. it could help both companies combat weaknesses in core businesses. apple is focusing on its services business, mobile payments, streaming music, apple
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pay is a big contributor to the revenue. adoption has been slow. as revenue from securities trading slowed, revenues are down two-thirds since the financial crisis, goldman launched a retail banking business called markets two years ago which includes savings accounts, personal loans. all this is happening as apple shares continue to close in on the trillion dollar market cap mark. they're at $930.5 billion right now. no u.s. company has ever crossed this. ten days ago apple reported their second quarter earnings, bringing cash from overseas back here to home. i've got to say, this is really interesting what markets is doing. apple shares are up nearly 15% over the last month. the company reported strong earnings. we had warren buffet buying 75 million shares. this is a fascinating story, these two companies coming together.
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it's going to be interesting how much heft goldman sachs can have as a bank. i don't know if you saw, there's a woman from the bachelorette who is hawking mortgages for goldman. >> this is a smart move by both. for goldman sachs it puts them in the consumer banking space. there's investment banking, commercial banking, consumer. they're not in commercial banking. this puts them in consumer. that makes a lot of sense for them. with apple, when you look at pay pal and fin tech, it puts them in that space as well. >> dagen: there's a lot of competition with amazon pay,. >> you have to feel like goldman sachs feels like we've got to bang it with this one. they'll do everything they can to make this card a success because it's their first card. >> maria: i feel like this moment in time reminds me of when walmart was so big and powerful and walmart wanted to become a bank.
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amazon is getting into financial services, now apple with the credit card. >> fin tech is the future for how these companies see if they can attach themselves to how people pay. >> maria: i use apple pay. they've got that. >> only a third of apple iphone holders use it. you're in the minority. >> maria: i used it by mistake and i thought oh, that works. >> dagen: they take it in every cab in new york city. every taxi accepts apple pay. talk about possible upside, that's why you get a trillion dollar market cap on that company because this is upside for apple. >> maria: it's incredible, a trillion dollars. it's coming. i guess. for severely ill children, a sunny gecuddle with a fluffy pet be realistic until now. find out how a fluffy duck brings smiles and healing to children with cancer, that's
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whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. >> maria: welcome back. now this, children battling cancer, emotional support can be just as important as medicine. new technology is offering some support in the form of a robot duck. we have that duck on set. joining us right now is the creator of my special duck, aaron horowitz along with katherine hernandez blades. thank you for joining us. tell us how this came about, what inspired you to create this duck. >> absolutely. so my company specializes in developing all sorts of technology with children who are going through health care conditions. i started that company as a child had human growth hormone
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deficiency, gave myself a shot every day for five years. i'm deeply passionate about improving the lives of children with illness. we teamed up with aflac. they asked if we might be able to create a companion for children who are going through chemotherapy. >> maria: you said aflac has been a pioneer in cancer insurance at aflac. >> that's true. the aflac cancer center in atlanta, georgia is one of the largest cancer centers for children with cancer in the country. and we've been partnering with them for 22 years and over that time we donated -- we were used to getting upstaged by the duck. over that time, we've donated $125 million to the research and treatment of pediatric cancer c. >> dagen: what do the ducks do. it's hard to take your service dog in for emotional support,
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with infusions, they discourage that for the most part. what does the duck do for a child that's battling cancer? >> it goes along with treatments with the child. kids can give chemotherapy to their ducks. they attach this chemo port right here. it gives them that feeling of control, that i have a friend that's going through treatment alongside me. he has a comforting heartbeat and he's responding to where i'm touching. we designed the duck with children and doctors over the past year. the kids have a hard time communicating their feelings. imagine being 3 or 4 years old and receiving chemotherapy. the duck has all of these feeling cards. you can tap them to the duck's chest and it emotes. ithis is used as a doctor or nurse walks into the child's
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room and they'll say how do you think the duck feels about getting chemo today. i think it's easier to answer with a duck than for yourself. >> dagen: i think adults could use them too. >> i got to spend a few minutes with aaron and katherine in the green room and got to i guess play with the duck and feel it and it' it just brings a heart-warming place to a still environment. >> maria: thank you so much. thank you for joining us and for the duck, the creation. aaron horowitz, katherine, we appreciate you joining us. we'll be right back. into retirement.
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the only way to know if you have hep c is to ask your healthcare provider for the simple blood test. if you have hep c, it can be cured. for us, it's time to get tested. it's the only way to know for sure. dagen: welcome back good fwri morning. thanks so much for joining us. i'm maria bartiromo. it is friday, may 11 top stories right now 8:00 a.m. on the east coast, historic summit president trump confacialing he will meet with north korean leader kim jong-un june 12 in singapore that is the meeting spot after welcomeing home three americans seen from north korea yesterday president a slamming previous administration how it handled, in indiana. >> i think kim jong-un, kim jong-un did a great service to himself to his country by doing this.
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but those hostages came out with respect we didn't pay for them. >> wall street concerned overinflation futures rationalization this morning, as you can see the dow industrials expected to be up 50 points, s&p up 5 and 3 slash 4 quarter of a percent the nasdaq up 10 and throw kwaerlths, in europe this morning, markets mixed take a look ft 100, positive territory, after -- the cac quarante. dax down off lows, but down a quarter of a percent apiece in asia overnight markets mostly higher exception of china, shanghai composite down a third of a percent, a smock to the auto business the parts shortage hitting ford motor spreading to companies, this is becoming an industry issue, central production problems coming up for auto industry this hour, facebook bounced back social media company recovering over 100 billion dollars in market value, following came brimg an lita scandal in mark wreak down rebound down a fraction, elon
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musk digging debt ceiling glimpse of tunnel in los angeles two-mile long coming up, honoring american heroes, sweet way starbucks hemmed them and families coming up. >> the internet reaction to russian president showing off hockey skills, coming up this hour, stories this morning joining me to break it down fox business network dagen mcdowell, ceo 32 advisories here former economic advisory to president obama fox news fox business contributor robert wolf. >> gary bisubmitting good to have you here. >> what will they show donald trump did he faulty to golf i haven't seen him a playing hockey. >> keep his shirt on. >> no horseback. >> that last -- aflac and ducks great. >> powerful, i can see how that would be very powerful, ye, i just.
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dagen: it is -- >> speechless absolutely. maria: we have a big show coming up big hour president trump announcing a date for the summit with kim jong-un, new promise to bring, peace to the world blake burman live at white house right now very latest this morning good morning to you. >> president trump sort of teasing for better portion of a week saying there had been, a time and date set for face-to-face meeting with north korean kicktator kim jong-un he weighted until three final detainees were released from north korea yesterday back here, on u.s. soil until he announced that meeting location and date now we know it will be june 12, in singapore, a campaign rally last night in indiana president took direct aim at his critics who suggested that his north korea posture would lead to something other than possible diplomacy. >> the relationship is good. built do you remember everybody the fake news where
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they were saying he's going to get us into nuclear war. going to get us into nuclear war [booing] you know what gets you into a nuclear war into other wars? weakness. >> if wondering very singapore for one, kim jong-un is believed to have aircraft limitations the white house says singapore offers security for leaders neutrality deputy press secretary says as of now this is scheduled to be a one-day meeting, and he would not commit to a potentially going any longer, maria there are no details yet as well, as to whether or not this will be a one-on-one meeting just two leaders, and two translateors a bilateral meeting two and their -- top advisories potentially both. >> maria. maria: going to be big, thank you so much blake burman at white house, now to talk more
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about that, good to see you thanks so much for joining us. >> take on president you summit with kim jong-un. >> well he a lot at stake here they are is a north koreans the furthest we've gotten seems a different leader from father and grandfather, about he is gotten a lot of accolades president saying is in things about him, he is also done a few things to try update his compromise i one some of the things he has done his father did before him, pledge to get rid of noouj weapons going to invite reporters to go through decommissionering of a to my knowledge nuclear site end up going book on all those things, so there is a let about opportunity for the president to maybe open up north korea in face of we whevenlg for which those threatened to bring it down but too soon to get nobel peace rise ready. >> i have a question, it wasn't a short time ago trump was calling on "rocket man" and threatening our missiles
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can beat your missiles. do you think that is partly what caused the change in tone in north korea the fact that maybe they felt that trump was a real threat? >> i think more than the rhetoric what caused change aircraft carriers new missiles that make patriot missiles look like mosquito biggest deployment of special fosters owner board ready to move on north korea. >> is it rhetoric coming out back-and-forth fighting north korean press this week referred to donald trump supreme court leader of united states rhetoric chancinged in north korea. >> quick question, what would be considered, success do we need a complete ending of -- of nuclear about capability by dmor nor as well as rid prior nuclear capability? or is it just freezing going forward? >> i think would need to get rid of all nuclear capability
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that is what white house seems pishdz f pushing for before that developing for peaceful pushes after said weren't dwelling well said didn't have weapons jut wanted a bomb started developing intercontinental ballistic missiles the world future presidents may not be as tough as president trump, in safety, people of los angeles want to live in peace south korea too need to get rid of weapons. >> let me switch gears bias at top of department of justice fbi in clear few for all to witness house intel committee chairman nunes, and chairman trey gowdy met with top intelligence officials in bid to review classified documents repeatedly to special counsel robert mueller russia probe as well as handling of investigations top xhat of the house intel committee adam schiff briefed, there are editorials in journal the top about that fbi so arurce the to
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one questions whether washington post top secret intelligence so ares could be zbi spy within 2016 trump campaign the article, by kimberly strassel goes on to suggest could be reason doj fbi stonewalling congressional investigator requests there month something in documents going to embarrass fbi what are they hiding what do you think about all this. >> kind of like a game of get to trying to figure out who this is they theory might have splb to do with george papadopoulos the within they said it was a potentially come myselfing source, papadopoulos was in london by australians, considerations targeted by maltese gentlemen, but one person stands out, a former u.s. government employee, now
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a professor cambridge very close with another at cam bridge former mi6 chief, and was somebody invited papadopoulos to london paid for his flight hotel, gave a few thousand dollars to write about israeli, and started asking a lot of strange questions about russia, and connections to russia e-mails that -- took took him off guard could have nothing to do with that but fits mold for one being all was marks u.s. citizen involved in foreign intelligence sharing. dagen: kim strassel op-ed is great there is op-ed by board yesterday saying "washington post" has all this stuff on this source, i know maybe just leaking to the post to try to tell a different narrative i don't know how you feel about this this is you know mow i feel about this. dagen: all arrows, based on
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the reporting, editorial page at journal she pointed out news of the devin nunes letter subpoena that only he was demanding documents related to new line that was one week was there spying, outright spying? against the trump campaign, in 2016. what was the threat at justice department and fbi during the campaign, and, i think that is den nuñezing motivation talk about politics for you ever you want. >> i also think this started because you had the same people overseeing both deviations during the 2016, election, at fbi, you had mccabe jim comey yefrseeing two one hillary clinton e-mail situation one on donald trump and narrative of collusion with russia. and, mccabe didn't recuse from that until a week before election how ridiculous is that did you want to add. >> i am always happy toed ad
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am i not mean white house started not giving these reports to nunes' committee i thought that is where the outlook was. >> you are connect the fuse yesterday morning general kelly had been convinced could compromise foreign intelligence told president what is unclear here whether or not he told also the president or department of justice that told the president this was connected to the mueller probe another thing has come out since -- paul ryan speaker paul ryan should get credit for backing nuñez pushing for this the department of justice is part of the executive and the job of congress, to oversee the executive, just because the executive says back off should not be a reason for congressmen who think there is something really wrong to punish the white house said i want you to figure this out amongst yourself do it niles i think did that when nunes was given time with documents came
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out didn't give a press conference, grandstand, went back wrote a relief carefully what he had seen sent that out things might have deescalated. >> unclear why department of justice blog off retrieving all communications from personal devices of fbi agents like peter strzok and lisa page congress nunes, trey gowdy bob goodlatte would be the electronic communications from those two we know what we have learned from personal devices, apparently, they are not looking for the rest of the electronic communications from thoses two. >> don't seem moving fast enough on any thing blocking everything they can i feel congress is treated like reporters when they try to file a foia we are kind of used to try to get away not answer questions but fbi intelligence from comey, acted like force on to themselves
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constitutionally bound to keep secrets from congress that is not so. they work for the u.s. >> how many documents do you know did they get so far we're talking about this earlier initially 3,000, that they had gotten congress, from the 1.2 million but jim jordan last night on fox business, said the it was to up 9,000 do you annoy moum documents they've actually gotten back from the request of 1.2 million documents? >> the latest i have heard is from jim jordan fox lastly night with 9,000 number really, really slow walking, that is constantly government that we deal with if media as well, hold on we're going to get it, see what you are allowed to look at. >> ig report forthcoming what are you expecting. >> i am expecting like every ig report russia finally get to put our eyes on something shows from er internal investigations real problems in the department of justice and real issues that are going to embarrass some of the people who have been kind of
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big mouthing against president trump after they've been fired. >> thank you so much, coming up a lot more right here, stay with us. this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. [muswe were built on it. (vo) we know the value of trust. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it.
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but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.
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suspended production of f-150 pickup most successful spreading to automakers. >> no kidding, automakers facing production arbitrates
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large fire took out a suppliers factory in michigan unable to produce the parts since blaze on second without parts ford can't build any more trucks the top truck in america like you said company laid off 7600 workers, now, gm fiat chrysler forced to stop producing vehicles as well. >> a florida man is find 1120 million dollars for making 200 million robocalls, tricking people into vacation he there he is says the live of individuals emergency services but agronomists say call you were legitimate telemarketing practices. >> elon musk a launch debut latest of the rocket this afternoon after company delayed the launch for florida ken recipe space center red
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going to but bannigladesh in space. >> working to make a transit nshg the loop under the sea, says plans to have rides for public in a few months, i might sign up for that assignment not only is may military appreciation month but today military self appreciation day in honor of veterans, to bring awareness appreciation funding for veterans bakery potato chip crusted brownie hit more than 8,000 locations i spoke with ceo earlier this morning about the mission. >> i think it shows the dedication also the need to make sure our veterans military families are getting the support, and not a handout it is a handup, this
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partnership has been in -- for to get mission out human spirit for o those who serve their country. cheryl: if you want get hands on a brownie we should say, show support only on shelves starbucks until june 4 starbucks down 5% over the last year so the brownies, maria that is what i usually do try to get to you eat them i apologize, then -- >> potato chips on brownies? more stuff on brownies. cheryl: here they are potato chips on brownie, i am going to bring in -- help me out with this. i never had a brownie with potato chips on it have you? dagen: you can see i also, talk about a company -- program, it was founded as a handbag, bag company founded
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by military spouses reply spouses in making of bags -- cross-country i carry this with me every -- and you can go to web site just see what they do, but it is about employing people partnership georgetown you have to training veterans to open small businesses. >> potato chips? >> pretty good. >> not company endorsement but brownies are really, really good. >> good. >> they are -- >> potato chip on chocolate but okay. good idea. um-hmm. >> facebook stoke neighbor bouncing back concerns about h network is using u. -- ads. >> a stock plunge inning 26%
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which is why i have xfinity xfi. it's super fast and you can control every device in the house. hey! let's basement. [ grunting ] and thanks to these xfi pods, the signal reaches down here too. so sophie, i have an xfi password. and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. maria: welcome back google facebook topping digital advertising market google close to 100 billion dollars, the giants using ads to targeted users -- raising eyebrows, brian thanks for joining us walk through how facebook google have gotten this prominence reaching targets. >> -- the service for free, so
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you -- find out gmail youtube, messenger giving them data sharing your data with them they use that data to target you, with advertising they provide advertisers with information about you, so they can better do their work with advertisers. >> they have really good tools to tell you who is watching how many people are watching, that is why the advertising coming back. >> if you like a product if a friend of yours likes a product you are with that friend they assume that they can learn more about you through your friends, so that, you know, there are lots of different methods especially on facebook by which they can build your profile. >> if i was asking one i am surprised that adds are up in aggregate to begin with, offset about slowness of the trajectory shift to digest media can you talk about that.
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>> -- exiled a lift of advertisers every year doing it since 1956. and in 2009 we started charting digit revenue for a quarter of digital of all revenue in 2009. this year first time surfaced halfway digital is growing advertising facebook, social media anything in visible space to market your wares, now, what is interesting about the leading national advertisers report the first five of the biggest advertising agencies in its world are traditional advertising agencies, the first time ever are consult fees you are seeing advertising agencies are growing in that growth, bombarded on all sides from consubtleancy, or pr firms or
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even, facebook google immediate companies. >> how is twitter doing versus you know google, facebook you see the whole promoted ads kind of a new -- >> they have been for a while, they are not they are not there, i mean they are -- google took giants account for -- >> go ahead. >> i was going to cover 58% every digital ad dollar. >> google says -- the you're incredible. >> every time you use google telling where you are -- it is or they can use it to useful against on viewpoint. >> brian let me ask you the current buzz seems at least since ago if thing privacy, privacy, privacy, do you think the companies really care about that? and do you think consumers really care about that or that is a hot topic to talk about. >> i think -- it does gen who you are you say companies i am assuming -- >> from --
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>> what is interesting, to your point all of a sudden we are getting a new policy approval process, to all of our -- i hate to say i don't think anyone is reading this -- >> something. >> the companies paying lip service to -- i think, that while you is a you the stock all completely rebound cambridge analytica did a master restructuring executive level after this all happened i think that they are making the right noises, but i think we are seeing right now gdpr general data protection regulation down the pike people care more about laps with data we are waking up to it here. >> interesting, that watch that, you know facebook -- >> like a billion dollars on table, about. dagen: there is no evidence advertisers issue leaving facebook or instagram in particular.
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>> they are not and they are not, because -- there is a brand safety scandal last year about adds showing up against rizkey videos youtube brands walked all back now. >> thank you, great to have you on the show. thank you so much, coming up, once called it fool's gold chairman howard shutz taking aim at president trump's tax reform program again next, he shoots he scores, russian president vladimir putin takes the ice leading team to victory help former nhl players a goal count next. stay with us. ♪ ♪ but i'm relentless too. mbc doesn't take a day off, and neither will i.
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maria: good friday morning. welcome back. thanks so much for joining us. i'm maria bartiromo. it is friday, may 11 top stories right now 8:30 a.m. on the east coast, historic summit president trump confirming he will meet north korean leader kim jong-un june 12 in singapore, he also welcomed three americans detained by north korea yesterday i sat down with former vice president dick cheney with former defense secretary cia director leon panetta got their take for dealing with the north. >> i started from the principle that i don't trust
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north korea, i think that is probably a good place for the president to be. they are engaged in what i call accommodation. >> i think we have to be very careful. >> i think the president is being very careful. >> the goal, operate in a way that we don't get sort of hung out to dry if they don't meet our stands then would i walk so i think so far has been -- >> more coming up starbucks executive chairman schultz slamming gop tax reform again new comments after he previously calling tax overhaul fool's gold coming up wall street, looking good this morning, although we are off the highs, dow industrials nasdaq s&p 500 all expected to open up this morning dow up 31 points, fractional move s&p, nasdaq also higher, on top of strong day yesterday, getting april input prices on tape up -- 5/10 of a percent markets mixed european indices ft 100 off a practicals cac
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quarante. dax index lower, in asia overnight, markets finished mostly higher best there was japan, and hong kong, up better than 1%, shanghai composite in china lower, took bouncing back recovering over 100 billion dollars in market value, following that cambridge an lita scandal in a march breaking down, rebound this morning symantec under fire plunging take a look, cybersecurity company shares down 28%, unspecified financial issue, we are breaking down numbers this hour, stock getting -- this morning, moving sneakers he from street to the courtroom sketchers filing against adidas. >> the internet reaction to russian president showing off hockey skills going viral coming up right here later this hour. first, this, topping our news this half an hour, tax plans starbucks executive howard
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schultz once called president trump's plan fool's gold at event in washington said corporate tax about instruction nothing for mills left behind complieblg. >> economically. >> having a corporate tax cut rate 21% not disruptive in terms of the tax reform on comprehensive basis that the country needed. in order to create more value for people who are being left behind. >> joining me right now galaxy digital capital management founder ceo great to see you -- >> you as well. >> thank you so much for joining us you have been a critic of this market a long time -- done incredibly well tell us how you see the the impact on markets. >> tax plan in on a buyback, apple just a few weeks 100-billion-dollar buyback stock straight up one of the
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disappointing for little man howard schultz talking about going to -- to shareholders not necessarily down to the bottom half of our country who needs it had. >> you also see all those bonus checks, full employment right now -- >> full employment close to full employment before tax plan so me seems strange and will give jolts in economy already at full employment. >> have you that viewpoint among many a 3% economic story going forward because partly tax cut plan rollback in regulations. >> there are certainly animal spirits picked up in corporate boardroom one hundred percent, has what is interesting most shown up in stock buybacks shown up in huge capex. >> that is one of the top stories in the journal today i want to take about your big week, you've got big news for us company galaxy digital
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capital teaming up with bloomberg to launch a new next that will track performance of 10 largest crypto currencies including bitcoin. >> s&p 500 came out -- 1990 working at goldman sachs, goldman sachs -- money came out the idea quite frankly give that class seen as institutionalization in you look at commodity prices most 1992 institutions piled in, straight up, so we teamed up with bloomberg in a partnership, to create what we think is first institutionalization quality benchmark for cryptocurrency. >> you think giving ceremonialed to crypto the way s&p got endocrinologist back. >> part of arc technical under exciting pays not overnight but has to be solutions on the
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way, i think we will get i see i meet with ceos, heads of pools of capital slowly moving, the herd is coming, the new york stock exchange recently would i be shocked if they don't do something committing next three to 12 months. >> like about what. >> getting involved in space, you look what other exchanges, are making, you have not that i'm aware of heard of making 300 million dollars, the big institutions are not going to let that go by say let them have it so you are seeing, a shift across the board. >> so this index bgci measures performance 10 kushs with bitcoin -- weighted most how do you come up with this why two weighting the most. >> we -- bloomberg came up with it they cast each of the -- top performers 30%, so
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bitcoin has a larger market cap, 30%. >> people know that the most. >> try to give more balance to the index it wasn't just bitcoin index. >> tell me about background fair to say so yof this you think using bitcoin instead of cash. >> i don't think so i think bitcoin could replace gold i use expression all the time gave my mother digital flowers for moesh mother's day got angry my daughter loves it from her boyfriend. >> the idea of digital stock so much years for them to understand, and so i can see bitcoin -- also -- not replace do already or euro soon what you need in this world token economics allow you to quickly create social networks in every single industry if it is
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centralized uber versus uber, or airbnb or sovereign identity big, big changes coming, not saying legacy companies are going to lose no, they are going to fight back facebook has a pretty strong monopoly, but there is real privacy issues blockchain is unbelievable fireguard against privacy. >> some feel like blockchain understand blockchain don't understand bitcoin what do we need to understand better what do you want to tell viewers that maybe we continue understand. >> lot of people say i like blockchain don't like tokens, tokens are essentially to create that, incentive mechanism to create that social network, being the blockchains are thinking about databases microsofting -- sells spreadsheets out there, they are unchangeable immutable seen by never even
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that community what is unique about them the real innovation the coins that create that drive social behavior. >> how much money has gone into this so far i know you just launched last week any -- >> we right now, just launched index so there hasn't been money we expect lots of funds, and other products to be developed around the index we started with just launching the index. >> you were early believer in bitcoin. >> i was. >> you did incredibly well with it how did you know. >> i originally bought it, it was trading less than 100, it was -- you know, post 2008, post 2012 so global financial cries european cries you had this group of people that didn't trust central authority show i figured there are enough libertarians cyberpurngcyberpunks want to live off grid chinese were buying this was for the
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first time a global inspecttive game first, the markets off a lot last night because of what happened in korea, so korea taiwan india africa globally participated not just wealthy this is kind of people's revolution. >> that is incredible. >> so we're in that shift institutions saying we've got to participate, so it is this -- yoo initially was -- the institutions didn't want to be there now you are saying one by one getting -- >> michael bloomberg not all of bloomberg he is a savvy guy, and you know for bloomberg as can be to say hey we're okay with being part of this is a big deal. >> sure is great to have you on the show congratulations thank you so much. >> coming up shares of symantec taking a beating after private security company said it is looking into
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unspecified financial issues we break down numbers coming up vladimir putin taking the ice, how many goals russian president managed to score in annual hockey game we are back in two minutes' time stay with us. ♪ ♪ ohh♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you.
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what a comeback facebook recovering from multibillion-dollar loss following cambridge an lita scandal made it back but new troubles this morning for the company nicole petallides on the floor of the new york stock exchange, n. i.c.. >> good morning, maria. there were so many worries after we learned that user data hat been compromised by cambridge an lita in middle of march stock company loss about
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the 135 million dollars in market cap the end of the month, that friday beforehand closed 18509 you can see at 185 and change, so never mind, forget about it i say that with towning tongue in chic news and regulations -- the other thing this morning hit with a class action lawsuit, in california, over the improper collection of tax and call laws collected -- privacy, scope of the manner has been obtained this is something new that he this will have to deal with, then by the way, a target on it, symantec talking about it 28% downside, and former employee that is guyed concerns not security breach not anything related to product the stock down 30%. back to you.
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maria: thank you so much, i is a you that kohl's down on downgrade. >> the players cup wrapping up six tied top of the leaderboard the details what do you do with empty will be a stadium if brewers play video games on jumbo tron, stay with us. ♪ man: i got scar tissue there. same thing with any dent or dings on this truck. they all got a story about what happened to 'em. man 2: it was raining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to your insurance company. woman: another ding, another scratch. it'll just be another chapter in the story. every scar tells a story, and you can tell a lot more stories when your truck is a chevy silverado.
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onion gets unpeeled learn about dark under world in college sports in large part players don't go ahead paid adidas have been connected to widespread scandal that involves some of the largest basketball programs in america now aidid as skewed for unfair competition, false advertising sketchers claims they duped consumers investors public believing adidas products choice of young bearable players because of quality of snashgz sketch rz's beliefs hundreds of thousands of dollars secret payments alleged funneled to coaches and family members. >> tiger woods phil mickelson playing together for the first time in four years forgot about world number one ranked golf did you sayt tjohnson 6-un one of six leaders yesterday two shots behind, opened
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second round early birdies holes in tiger woods's game for the first time ever at championship tiger sanking a he will par 59th even par a lot better than phil mickelson seven over jordan spieth plus 3, mechan 3. >> the putin cubics game 65 years oldrun leader tailed off from performance last year when he scored seven goals, playing -- putin alongside russian stars scored five goals in game 12-7 for team repute-. if you did not play video game fortnight i argue you know somebody who does, concurrent players on sunday more every day like baseball check out milwaukee broourz instagram brought when mom tells you turn off fortnight play outside you breyer played outside jumbotron miller park,
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that being in the day played on game boards, this is so popular one pitcher boston red sox has carpel tunnel syndromes has to stop playing so much. >> most expensive player on team. >> i think a lot of teams would take him. >> how can you not bring up my celtics. >> robert. >> -- i see -- that was by design. >> you think that the celts have a chance against cavs. >> no, hayward not part of the mix otherwise probably would when lebron is doing postseason we should say ultimately greatness never seen. >> we have -- >> better, team putin or harlem globetrotters? >> i was thinking who is team the -- keep scoring.
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>> not supposed to say maria was hoping going on the on that -- >> not a lot. >> now -- that is -- thank you. >> jared max catch headlines 24- sirius radio, back in a minute. ♪ this is a jungle gym... and a baseball diamond... ...a mythical castle ...and a grand banquet hall. this is not just a yard.
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creeping up -- maria: why are we happy? [laughter] dagen: don't throw the political mud at me. >> the gop is not happy. i can't win. maria: i don't understand it. we are talking about it's rallying, i don't understand why we would be happy. >> usually the right loves the oil goes up. maria: so you're right. it was political. the whole show i'm thinking you're not political and you give us at the end of the show. you think oil goes down. >> i think oil continues to go up. i'm nervous for the summer. i just think that we have a great economy going and i think oil spike is not a good thing. maria: of course not. dagen: possible for u.s. producers to ramp up to meet shortfall from venezuela. the crude is there. they're having trouble
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transporting it. we need more pipeline construction. maybe we will see that as the trump administration rolls on. maria: he was wanting to tap into the energy space that was one of his campaign promises. great to see, everybody, gary b. smith, robert wolf. varney & company begins right now. charles. charles: i'm charles payne for stuart varney. big stories friday morning starting with your money, all good earnings, 78% of s&p 500 companies that have reported have reported profits better than expected. the dow up 6 days in a row, it's now positive for the year. looking at its longest winning streak in 6 months. the other big money story, of course, is oil, still above the 71-dollar mark, the question is how much higher can it go, that's the question that we are asking today. politics, president trump holding campaign-style rally in indiana talking up big summit with kim jong un, he says

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