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tv   Mornings With Maria Bartiromo  FOX Business  May 21, 2018 6:00am-9:00am EDT

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in good shape how most americans feel about the economy and the economy in a poll this morning. they give president trump the credit. we will take a look at his policies but the justice department answers back. the inspector general to review the fbi's investigation of the term campaigned after president trump treated his demand for a probe looking into surveillance of his campaign. the role of an fbi informant taken a closer look at developments this morning. new antitrust concerns for google under pressure after a piece highlights how powerful the technology giant has become. one official says there's truth to the alleged illegal behavior, not doing anything for the stock this morning is actually up $8. production was not topping is unmasked. announcing a new souped-up model three will cost you. all of the stories this monday morning. she made her talk about it, dig
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in the towel. "forbes" media chairman and presidential candidate steve forbes and president of the slansky and partners, lee carter. good morning, everybody. dagen: good morning. glad the wedding is over. >> markets are up today. train to what is your take? steve minich and telling chris wallace on "fox news sunday" we have put the trade war and hold. would you think about that? >> that is huge. that's where the markets are up today. china may get hurt more than we would, but we would be heard. the economy would be hurt, agricultural sector heard, elections coming up. trying to get this thing resolved without hurting the economy, enormous. maria: is stored in the journal this morning that the messages are mixed. stephen mnuchin and we are putting tariffs on hold of on
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hold but mr. leigh keizer coming out with this statement later on in the day saying we continue to expect we are going to see tariffs go into effect. what happened? where is the progress? steve and the tension within the economic team within the white house. larry kudlow, barbara leigh keizer and peter rivera that they can't get on the same page. the secretary of the treasury was the first to get on tv with the microphone on doesn't mean everyone's in agreement. he said that terrorists remain an important tool to protect our technology. we should point out that although markets are reacting to good news that china agreed to reduce our trade deficit, there wasn't any hard number. they went into negotiations with $200 billion number in terms of reducing or trade deficit. the statements from china and
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the u.s. did have a hard and fast number. trade do even more concerning to me is this deal in agreement does nothing to address the real issues today. the intellectual property in the forced transfer of technology. what you say about that? >> 15 focused on the trade deficit, imports go out. what you can do is reduce trade barriers and the two big issues you a top about in terms of the trade theft of our intellectual properties. they open up their markets. trading today are not even admitting they do it. >> but then you have another fact are. north korea. the president has been relatively passive on this. if he's going to get any deal with the north. >> they are very much in line talking about all this this
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morning. an exclusive interview with commerce secretary wilbur ross who will walk through the trade deal in with the progress actually really is. georgia senator david perdue along with ge vice-chairman bob wright in the studio this morning. presidential candidate in arkansas governor mike huckabee is here. saturday night alumni of an actor joe piscopo's saturday night eyes. you don't want to miss a moment of that coming out. trade agreements with china. the two countries apparently coming together with a trade war on the back burner. the u.s. will not impose tariffs while they will buy more american goods. that's according to one part of the administration this morning. stephen mnuchin outlining the process on "fox news sunday" yesterday. >> putting the trade war on hold. right now we have agreed to put the tariffs on hold while we try to execute the framework you're the president has been very clear since the first meeting
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with president xi in mar-a-lago that we have an agreement with china that they will substantially agree to it. >> from the beginning, some people were skeptical of attacking the trade deficit. you would think this is progress. obviously the marketing so this morning. >> we're not going to get in the trade work from which nobody wants ultimately nobody wins. the key thing is how do you make progress? have you made progress in versa transfers of technology. if they come up with metrics for that, you can make some real progress, especially our european partners to also have the same complaints about dealing with china on those issues. >> if you read between the lines coming to think it is china pushing back and not agreeing to anything with regard to the intellectual property in the transfer of technology, that's how you get leigh keizer and
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mnuchin? dagen: one thing with respect to commerce secretary wilbur ross along with leigh keizer, i failed to mention him. there is a quote that is attributed to a person familiar with the china negotiations. growing frustration getting ahead of the president and the trade came on the direction of the chinese negotiations. his eagerness to do a deal undercuts the u.s. negotiating position. again, there is disagreement there and you have to be careful that you do a deal with the chinese and have a framework in place and you take it to the president and it chucks it in the garbage can because he's been very clear in how he feels that trade magister in the 2016 campaigned, but going back to the 1980s for pete's sake. one thing for secretary mnuchin, don't use the word trade war.
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don't under that is a trade war is on hold. my reaction when i heard that was when is it going to start again. >> there's another big issue coming up soon is what's going to happen on the nafta friend. if nothing happens, what is the president going to do about it? >> we thought we weren't getting a deal last week because now we are heading into the mexican elections will start july 1 and then the midterm elections. if you don't get a deal soon, you're not getting it after the midterms. >> they bring this thing up today. without having congressional approval. that would actually be a positive. maria: let's not forget what happened hours after stevens mnuchin made the comment that said no trade war and then you had robert lighthizer say that
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tariffs are an important legal tool to protect your technology. yesterday i spoke with house armed services mac thornberry about concerns over china as it relates to their military. earlier this month, vice president of the u.s. dick cheney weighed in on what he thinks beijing is such a threat. >> china just doesn't take in all of government approach. they take an alternation approach. any company, any individual will be a tool of the chinese government to steal, to buy, to borrow, whatever it takes. intellectual property that can be used in their military against us. >> chinese long-term by the most serious in the most capability and make some phenomenal gains economically which they are now converting to better military
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capability and so forth. traded that was his answer to my question committee is biggest threat in terms of foreign policy right now out of all the things we discussed. >> it's a fascinating thing. we used to think china would keep to itself and now we have a whole new china clearly trying to expand its borders. i think what is so interesting about the trade were messaging is that he didn't consist of the in the messaging will make it harder for them to negotiate. you need everybody on the same page because there's some level of trust that needs to happen between negotiators. if you negotiators. everything on personal pick a position come you don't know who's in charge, and will make it very hard for a deal to get done and i'm concerned they can get themselves on the same page. maria: china is not even admitting. they continue to say no, we are not dealing your intellectual property and they're not forcing the transfer of technology. how do you get them to make changes to these things if they
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won't even admit it? >> at a news with the proof on the table, the negotiations we do have bad. what priority is getting the focus on the trade deficit, which is how prosperous our economy is, in that it trade barriers, which kudlow and others want to focus on the statement that came out was almost like a face saver. tariffs are still important. but i think the key thing is a fast issue, not deficit per se which is out of our control. dagen: in terms of messaging, these individuals do not seem to be on the same page. president trump maybe needs to put them on the ramp put them all in the room and get some cookies and milk and treat them like the children they are behaving like. you get a fight with the secretary and i think that's a problem. >> the president is discovering a little confusion hastiness visited to.
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especially when you've got korean negotiations coming up. >> the market hasn't even opened yet. >> the market likes the one soundbite. it seems they are making some movement on the opening of markets in china. that's important for american business being able to sell civilian population. but not over the near-term. china made this soup -- and that would open up its auto market in five years and not a market would be not a marco rubio to own a company in five years. good news, but not overnight. but they recognize things have to change. treasury secretary mnuchin put it off until after the summit. trade with north korea.
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dagen: absolutely. maria: this is a big story this morning and speaking exclusively with wilbur ross about the ongoing trade talks with china at 7:00 a.m. eastern. join us with a special interview coming up at the commerce secretary. president trump getting praised at the boost in the nation's economy. we will explain that. another risky bet by tesla. a new model three with a skyhigh price tag is set to hit the market. what do you all about it when we come back. stay with us. ♪ how do you win at business?
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maria: well, a strong start for the week with markets. jon tester is a 232 points, almost 1%. s&p up 15 points, two thirds of a percent and the nasdaq up two thirds as well. meanwhile, the kilauea volcano spewing your danger on hawaii's big island pier cheryl casone has headlines now. >> can't catch a break there appeared showing the fast-moving lava crashing into the toxic steam cloud that can irritate the skin and the icing caused people reading problems for the hazardous cloud spreading 15 miles downwind and now we have the first major injury to report. a man's lower leg shattered by flying molten rock. he was standing outside of his
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home. new questions about the power and reach of google appeared to refer to cbs 60 minutes last night informed of google's dominance suggesting it has become a dangerous monopoly. >> people to alter search engines things they wouldn't even tell their wives. i mean, it's a very powerful and implements technology and that gives the company that controls that a mind-boggling degree of control over an entire society. >> the reports say google conducts 90% of the world's internet searches. consumer groups trying to reduce that dominance. a group called focus on the user has a browser plug-in that ditches google's current local results. general electric is reportedly closing in on a deal to merge its transportation business say the company is in talks with an equipment manufacturer from the rail industry.
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the company could be worth more than $20 billion in shares of ge higher in the markets. backs up 6% right now. later this month at 7:30 a.m. eastern time, bob reich, former vice chairman of general electric. welcome to starbucks has told its employees that anyone is allowed to use its restrooms. the announcement details any person on starbucks property is considered a customer and are not required to purchase anything. the policy change following the arrest of two black men in the philadelphia starbucks denied access to the restroom, the two men were waiting for her a friend who hadn't bought anything when officers called. starbucks down 7% over the last year. those are your headlines on this monday. train to leak him your thoughts on this change of starbucks right now. >> starbucks is powerful in that they really understand the power of the symbolic gesture.
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making sure that they have a policy change. whenever there's a crisis committee take actions and they speak a lot louder than any other words they could have. the deal at this very, very well. i think it's an important step for them. >> it is also good news in new york because new york doesn't have any public bathrooms unlike any others city in the world. and if you're there you might buy something. dagen: if you need public restrooms, talk to me during the break cannot tell you where they are. all along the west side highway in the parks. again, i understand why restaurants lock their bathrooms tickets in new york city they become beyond disgusting. but now, have at it. transit we will see what happens the starbucks here. >> i understand her reasons for businesses to do that. starbucks because of the crisis they are written, they have to take action.
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this speaks really loud they are taking this issue serious way. train to another top story of presidential demand, now action. the justice department inspector general look into whether or not an fbi informant who would closer to the planted there and paid for political purposes. the disturbing new twist in the probe or may not. breathing a sigh of relief. markets in the dollar getting the bustos trade war fears are using. how the white house wednesday setting for the markets i had. will be back. into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial,
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maria: welcome back. markets are on fire. on the strength of better than 200 points as investors feel that a trade war is now put on hold after the u.s. and china. coming as a new cbs poll shows that president trump is getting credit for the robust u.s. economy. 18% of voters rating it is very good while 46% say it is somewhat good. 35% believe the policies are a great responsibility for economic success. joining us now is principal michael lee was $700 million under management. good to see you. pretty bullish on the economy as well. >> ever advocate means not only things are good that continue to get better. when you look across the consumer confidence, consumer sentiments coming to look at the job market, the league average jobless claims, the lowest it's been and that's not adjusted for population growth.
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the multiyear, high levels it's ever been. everywhere in looking, and seems to me not only things are good that they continue to improve and you haven't seen the effects of the regulatory event in history in the united states. turning to his batteries in about money and the stocks? >> absolutely. look, people say stocks may be slightly expensive, but what you need to remember as you look at the multiple. we are looking at 16.5, somewhere along those lines. 1999 we got to 24. the long-term average is like a 14 to 15, somewhere in there appeared we are either way below it are way about it. wiki way above it and expansionary times. people calling for an looking for a recession, i don't know what they are looking underwear that would come from. >> how are people feeling about the market. while people feel very, very
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good about the economy, they are also very nervous about the savings and volatility. my concern is what happens if there is reason for people to be concerned if china does go into a trade war, what do you think about the fact people are so nervous. emotional investors don't take the best decisions. >> the fact that everybody so nervous and that hesitancy is precisely the reason why we are not anywhere near. the consensus is never always right. if are at the top of the market are about to go into recession, the first time where everyone's been right. maria: it's like to say in stocks climb a wall of worry. >> it's a good thing. you worry about the federal reserve during cold water on this in the i.d. the economy overheating in that nonsense? do you think they'll attempt this thing down? >> i think the fed is way behind the eight ball. you look at where the short end of the fragment right now, we
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are 175. for us to be in a neutral standpoint, we have to be close to 275 or three. driver six more from where we are to start calling and we still have a 4.3, four points for trillion dollars balance sheet. they have an impact in slowing down the economy, looking out two to three years. so far away from where we are now. and i would say the next year rate hikes will be stimulative and inflationary in that are worse on the front end in short-term investors and conservative investors will start to get some sort of interest and we only see that in the economy. trade you brought this up in the past from the journal reporting u.s. government bonds are paid more than dead from other developed nations for the first time in 20 years as the yield is hitting new highs. 3508% is where we are right now. dagen: 3.1 to 2% last week coming up on the two-year
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anniversary of the low on the 10 year yield down at 1.36% last july. we're in the beginning by what appears to be come if you talk to jim grant on maria bartiromo's wall street, could be a 35 year air market potentially how long the bull market has been as interest rates have been declining. the last bear market was a 35 year rise in interest rates and yields. the bigger picture is we also have a federal reserve unwinding an unprecedented balance sheet. it will unwind $428 this year and i don't think any person in the market, smart as they might be come to understand the implications are that this year come in extra in coming year. maria: never been done. >> what is the u.s. treasury yields represent? the insurance value of the united states economy.
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why are interest rates going higher? for me to stay on the sidelines and not participating risk asset they need to be paid a lot more money. it is somewhat polish that rates are rising off field troubles. anyone that disagrees with that can take a look at japan. the insurance value of your country's treasury worth 1% for a negative with inflation, what does that say about the prospects is growth. this deepening and increase is a very positive sign of better times are coming for our economy. transfers just going to say that assumes that the only reason yields are up and quite frank the would you have the federal reserve doing what it's doing and winding down the chain of $4 trillion portfolio, there's a lot more to explain the peoples optimism about the economy. >> there are positive factors, particularly with large banks and the velocity of money. if you look at the quantitative easing, it hasn't really
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increased. one of the main goals of quantitative easing just didn't work. as rates start to increasing regulation pulls back from the banks camille see the velocity increase. i would say again that there are negatives to it, but the positives far outweigh those and it's good for economics. >> we just had a gdp report that shows consumer spending was the lowest pace in five years and a lot of people out there think we will see a recession in 2020. >> the only thing people have to look towards that come in the only data point you can use is where the short-term interest rates are higher than long-term interest rates are not typically an indicator of recession. what i would say this is instance different because when you're going towards a recession, when the economy slowing down and you haven't kind of access in mid-december because the fed is rising on the front income investors there's a protection of the long end. you are seeing 30 year selloff
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not decrease because of their leading recession. anyone calling for one and 2020 there's no data to prove it. >> great to have your insight. thank you so much. coming up come a massive manhunt underway in south carolina. two men, both charged with murder have escaped from jail. the latest on the search there. taking a serious talent, kelly clarkson issues an emotional plea at the billboard musical award as she pays tribute to the santa fe high school shooting that dems next. -- the victims, next. fixing what went wrong. and ending product sales goals for branch bankers. . . ablished 2018.
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maria: welcome back, good monday morning, thank you so much for joining us this monday. it is monday may 21st, top stories right now 6:30 a.m. on east coast. in return, china will start buying more american goods to narrow the trade deficit. that's if you believe one part of the administration. final details still have to be hammered out this morning, investors are liking the news, futures are rallying up almost 1%. this after stocks were little changed on friday amid geopolitical uncertainty. global market this is morning in early trading look like this, ftse is up three quarters of a percent and cac quarante in paris is up. in asia overnight, gains across the board.
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meanwhile another investigation into 2016 campaign. the justice department's inspector general looking into alleged spying on the trump team because the president demanded it. here is what the house comety intelligence told me yesterday on sunday morning futures. >> if they ran a spying ring and they were paying people within the trump campaign, if any of that is true, that is an absolute red line. maria: we are taking a closer look at the justice department's response to the president the president demanding investigation into this. kelly clarkson speaks out after school shooting, texas native says she's sick of moments of silence. tesla ceo is tweeting details of a new faster version of the mass market vehicle. comes with a bigger price tag though, the stock up almost 2%.
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avengers dethroned this weekend losing top box office after three weeks. justice inspector department general will look at whether political motivation affected the fbi investigation of collusion with russia in president trump's campaign. the announcement coming yesterday just hours after president trump tweeted this, i hereby demand and will do so officially tomorrow that the department of justice look into whether or not the fbi infiltrated or surveilled the trump campaign for political purposes and if any such demands were made by obama administration, here is what chairman house committee devin nunes told me yesterday on sunday morning futures about the fbi interference with the 2016 campaign. >> if they ran a spy ring or informant ring and they were paying people within the trump campaign, if any of that is true, that is an absolute red
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line. there's not an honest person in this country who can believe that taxpayer dollars going to fund this ring and -- and operate like this, like what's said in "the new york times", would have had quite detail on it, if any of that is true, there's a red line in the country. you can't do this to political campaigns. this was done -- according to them, this was done in the spring. i mean, before the counterintelligence investigation was even open. that's true, we need to know about it. maria: joining me daily caller editor-in-chief. >> good morning. maria: what's your take on all of this? >> i'm cautiously optimistic that the doj has done anything at all in response to the president's tweet n response to all the things that we have learned about this investigation possibly having begun or spying having begun before counterintelligence investigation but i'm really not that optimistic at all in the end because i'm not sure what an inspector general is going to be
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able to do. an inspector general doesn't have subpoena power, they won't be able to speak to anyone in the obama administration, they won't be able to speak to clapper, brennan who has since left. i'm not sure exactly -- what we are going to find out from doing internal review with people at currently in department of justice. maria: well, bob goodlatte and he has been subpoenaing documents and all. look, this investigation that dehave you-- devin nunes is dois what triggered the investigation into trump campaign, what intelligence was out there to actually come up with this idea that there could be collusion between rump and -- trump and russia, we've had no evidence of it. they can't get the documents that they are asking for because devin nunes told me three weeks that there was no official intelligence used to launch a
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campaign, steve forbes? >> it is outrageous, even hoover did something like that, put spies in a political campaign, the fact that brennan and clapper are behaving the way they are, not turning over documents, you know, there's a huge cover-up and goes right to their ultimate boss, president trump's predecessor. maria: president obama? >> you bet. maria: you think he was calling the shots here? >> i think he knew what was going on. maria: john brennan is now threatening paul ryan and mitch mcconnell, the former cia director weighed in on the doj's review infiltration taking aim at gop leaders, senator mitch mcconnell and senator paul ryan. senator mcconnell and speaker ryan, if mr. trump continues along this disastrous path, you will bear major responsibility for the harm done to our democracy, you do a great disservice to our nation and the
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republican party if you continue to enable mr. trump's self-serving actions. your take on this in. >> brennan is not doing himself any services talking out like this. brennan should be careful about what's going on in his own house. we know that brennan told congress when congress was trying to investigate exactly what started the counterintelligence investigation, for example, the steele dossier has nothing to do with it. he was, of course, some of his associates said that that was incorrect, it actually had been used and then senator harry reid who was then at the time in office, when brennan was briefing him, he took that as a signal that brennan wanted this information leaked to the press and once there were briefings going on about the ridiculous dossier, places leaked, now that they will be briefings, we have a reason to leak this now and damage president donald trump. this seems like it's a set-up. he's not a reliable person and maybe he ought to consider
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getting a lawyer. maria: every time you think the story has gotten incredibly worse than you thought before, it gets even worse again. it's incredible. dagen: christopher, to lay out what we found out in the last few weeks in part because of kimberly strassel's reporting is this fbi informant, it's very obvious to many who this individual is who set up meetings with carter page, george papadopoulos and sam clovis during 2016 campaign, again, raises the question of when was this fbi counterintelligence investigation opened, who knew what and when and the public deserves to know that and instead devin nunes at the house intelligence committee is being treated like a traitor, like somebody who is abusing power rather than somebody trying to get to the bottom of what was essentially it appears as spying
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on presidential campaign. maria: that's right. >> he came on, he was in contact with three members of the trump campaign, talking about, he only raised the suspicions that we have been able to find with papadopoulos because he came out of nowhere according to papadopoulos, came out of nowhere asking about the russian collusion and russian emails and if they had anything to do with anything. at that point, papadopoulos pulled back. this person got in touch with carter page right after he gave a talk on russian relations, he got in touch with papadopoulos reaching out and if he was funneling information back and using his connections to mi6 connections, former u.s. government employee, this is spying on u.s. citizens and people like brennan don't have good reputation for spying on u.s. citizens and lying about it already. >> christopher, where is sessions on this in the attorney
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general? what's he doing? >> he's upsetting the president, that's for certain. he's rescued, on the sidelines, somebody earlier called him absent without leave because the president is obviously annoyed on his absence on the situation. maybe there ought to be movement for attorney general jeff sessions. here is something that i learned about him and career in senate, you can count on sessions to do the right thing eventually. it just takes time with the gentleman. lee: i think that's awfully generous. i'm fascinating by the fact that they are not using the word spy, they are making a really big deal about calling him informant not a spy. maria: like jim comey and he so-called leak. not a leak, right. >> what's interesting about that is he seems to have done more than simply informed, he wasn't somebody that was quietly present and then said, you know, i saw some suspicious activity. he reached out to carter page and george papadopoulos and asked searching questions, invited them back to farm. he wasn't a fly in the wall,
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someone that went out there fishing. maria: sounds like a spy. potentially president obama calling the shots, we know for a fact that sally yates and loretta lynch were briefed, a couple of months later we learned of a dossier, then we learned that loretta lynch told jim comey to refer to the investigation as a matter, not as a criminal investigation, it was all coordinated. >> all the way to the very top. maria: wow. >> the coincidence with the meeting with bill clinton to discuss grandkids. maria: discuss grandkids in tarmac in arizona. lee: whether they support the president or not this is not okay, if you took the players out, this behavior is happening with anyone else -- maria: the left throws out the constitution when it's about donald trump. it's not okay unless it's about
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donald trump and conservatives. dagen: if you can't call it spying, what do you call it? [laughter] lee: informing, what is that? maria: christopher, more will be revealed, we will see, we will be watching the daily caller. christopher bedford there. hard demands from kelly clarkson, emotional plea last night during billboard music awards in wake of santa fe shooting. elon musk, powerful new tesla model 3 with eye-popping price tag, details back in a moment. kevin kevin
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i want to see. maria: welcome back, intense manhunt underway this morning for two escaped murder suspects, cheryl casone with the details now and headlines, cheryl.
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cheryl: that's right, maria, authorities are searching for teshan johnson and curtis green after jailbreak in south carolina, they overpowered a correction officer saturday night and escaped. the two charged with murder in separate incidents, a third man who escaped with them, has now been recaptured. it was a night of celebration and remembrance. the billboard music awards in las vegas, host and texan kelly clarkson opened show with tearful plea. >> i'm so sick of moment of silence, it's not working, why don't we do moment of action, why don't we do moment of change, why don't we change what's happening because this is horrible. we need to do better, the people are failing our children, we are failing our communities, we are failing their families. cheryl: well, meanwhile taylor swift attending her first award show in two years treated to her
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formance of her own music. swift with a sarcastically reaction of clarkson's rendition of look what you make me do and casually singing along before breaking into laughter that was interesting. swift went home a winner as top female artists, ed sheeran taking home four awards, top male artist, lamar top streaming artist of the year. deadpool 2 taking out the avengers at the box office. >> doing the right thing is messy but if you want to fight for what's right, sometimes you have to fight dirty. cheryl: deadpool 2 starting ryan reynolds, $125 million in opening weekend, ending three-week run of avengers, infinity war, box office winner in north america. avengers to second place.
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third place was book club, brought in $12.5 million. life of the party melissa mccarthy and breaking in rounded up the top 5, maria, so a lot of entertainment and the whole wedding thing over the weekend. maria: there's that, of course. thank you, cheryl. coming up despite production delays pressure from investors and report that is the company is burning more cash than rubber, tesla is rolling out a new model 3 with this summer with staggering price, details on the other side of this break, stay with us. mom? dad? hi! i had a very minor fender bender tonight in an unreasonably narrow fast food drive thru lane. but what a powerful life lesson. and don't worry i have everything handled.
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maria: welcome back, tesla elon musk announcing high-performance model 3, get this, $78,000. >> if you have extra change and want to buy a car, production delays at tesla but brand-spanking-new model. hey, deliveries will start in july. elon musk announcing details about a high-performance upgrade for tesla model 3 electric cars in series of tweets including one version that doubles with sedan's cost, the model 3 will cost $78,000 and will feature a top speed of 155 miles per hour going from 0 to 60 in 3.5 seconds. the tesla chief xe xuitive compared model to bmw high performance many 3 which starts at $67,000. musk tweeting this, quote, about the same as bmw m3, 50% quicker
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and better handling, will beat anything in its class on the track. we will have to wait and see, top speed of 140 miles per hour and hit 0 to 60 in 4.5 seconds, adding to base price 35,000. model 3 was first affordable sedan, the motor version will be the same as current model 3 but 110 miles per hour, model 3 plagued by production delays and last week report said the car maker would shut down production again later this summer to upgrade production lines and hit targets of making 5,000 per week. i don't know how this makes this easier but i can tell you there's the stock was down on friday, about 2.7%, down 11% on the year, looks like it's going to open higher today. maria: interesting that they are building a new model 3 even if people question the liquidity of the company, they will be running out of cash. gerri: right, that's a big
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question for investors in the stock. the promises of more production, more models, more this, more that, people are starting to question this, right? lee: the question is where is the focus, that makes it harder to understand what is the future going to be. dagen: national brand extension for the car. a brand extension to appeal the people who like tesla in the first place. although i have issues with elon musk, the personality, i think that this is a natural move but, again, maybe it's to change the focus away from the production problems to a more positive narrative to your point. >> do you think another car maker will pump capital into this company? maria: that's a good question? is it too expensive -- you mean investment or takeout? >> takeout. >> everybody says they need to have somebody else to build cars because they can't seem to do it. maybe do a deal with gm or ford
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or somebody to actually produce these cars, the question is they can get these on the road. >> like korea. dagen: i would recommend buying a used m3 from bmw rather than forking 80,000. gerri: pretty cool. dagen: nothing wrong with internal combustion engine. maria: you think tesla gets acquired? >> ultimately, yes. maria: gerri willis, conversation with wilbur ross ahead of conversations with china on trade deal. that's ahead.
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>> maria: welcome back. good monday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it's monday, may 21st. trade war averted for now. >> we're putting the trade war on hold so right now we have agreed to put the tariffs on hold while we try to execute the framework. >> maria: the u.s. is taking tariffs on china off the table. china apparently agreeing to lower the trade surplus with the u.s. but there's no actual price tag yet. there is debate about this this morning. progress toward a deal is driving markets higher. futures indicate a gain of better than 200 points out of the gate this morning. the s&p is up 15, the nasdaq up 45. stocks were little changed on
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friday amid geopolitical uncertainty. the dow was up just 1 point and the other majors were also fractionally moving. in europe this morning, here's the situation. global markets are mostly higher. the market in germany is closed for a holiday this morning. the fq100 is up 62 points and the cac is also higher. in asia overnight, here's the story. gains across the board. best performer was in asia. shanghai composite and shanghai both up. the trade news sparking gains in oil this morning. oil right now light sweet crude at $71.46 a barrel, that's up a quarter of a percent, 1 18-cent cents higher. companies are paying more for fuel and the expenses will be passed along to you. general electric is close to selling thei their transportatin business. a royal wedding for the ages, millions tuned in to celebrate
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the marriage of prince harry and meghan markle. now the touch duke and duchess f sussex. we'll have details coming up. joining me to talk about is dagen mcdowell, steve forbes and lee carter. great to see everybody this morning. >> great to be here. >> so much to talk about. >> futures up. >> maria: futures are up. we have a good market day. i'm still just in awe and outrage about the story around the fbi and department of justice. i've been outraged by it. the latest, the fact that the congress keeps getting blown off, that they want the documents to try to understand how this investigation into potential collusion between trump and russiad in the first place. >> they did it step by step, it's like the road to perdition. you find you did the things you shouldn't have done. when trump wins the election, oh, my god, we've got to cover this p. so the amazing thing is, how far
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they've been able to put this thing off, covered up for so long, in the face of a determined congress. unfortlfortunately we have an attorney general who seems to have gone out to lunch for this whole thing. the truth is going to get out. it's getting uglier and us us u. >> maria: they're saying if you don't stop the president from investigating this, it's on you. >> it's desperation. their hands are dirty, all of their hands a dirty. it goes up to the top at the time. >> maria: president obama? >> you bet. sadly. >> dagen: the american people deserve to know how far it goes. who was the fbi informant, who charged this individual to seek out these three trump campaign officials. >> maria: and they paid him to do it. >> maria: what the orders were. what is the just at thi justifir doing this. who was aware of it?
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is the knowledge limited to if fbi, as the journal writes. >> the main stream media, where the woodward and bernsteins on this? >> maria: that's right. >> dagen: i think the individual is named kimberl kim strassel. >> maria: we saw it from the beginning, the narrative of collusion between donald trump and the russians was a bunch of nonsense. >> are the washington post and the new york times trying to be hard of this coverup. >> they're trying to switch it from being a spy, informant, to suggesting there is a coverup. i think it's so important for people who are anti-trump, never trumpers, they take trump out of it and say what if this was the way that george w. bush treated president obama and then answer how you would feel about it. because emotions get tied up. it's hard to see the whole picture. the picture is really important to take a look at. >> dagen: the new york times
quote
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headline says fbi used informant to investigate russia tie toss campaign, not to spy as trump claim. to your point, this onion already smells bad. but there are some people who are pushing the narrative who are worried about the onion being pulled back and don't want the american people to see what's really at the core. >> maria: it's true. we'll keep talking about that. we want to get to this. the white house sending mixed signals over tariffs on chinese imports. future point to sharp gains at the start of trading, as the markets look at the idea that there's no trade war is as a real positive, the u.s. and china put the trade war on hold according to steven mnuchin, those words from the secretary this weekend. hours later, u.s. trade representative robert lighthizer put out a statement that the tariffs are still in place to protect u.s. tec technology. joining me right now is wilbur ross. secretary ross, thank you for joining us. >> good to see you.
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>> maria: did china agree to take $200 billion out of -- to spend $200 billion on u.s. goods? >> well, we agreed with a frame framework for going forward that had a number of elements to it. it had some specific thoughts on specific products which we'll be trying to flush out and it covered lots of other things, the intellectual property, forced technology transfers, a whole gamut of things. but it's not a definitive agreement. it's a framework. >> maria: so are you saying that china then admits to intellectual property theft? >> i didn't say they admitted to anything. i said the issues we addressed were the ones that i just described. >> maria: right. because what i'm asking is, if they're not even admitting that they steal our intellectual property, how are they going to agree to have any changes? that is the issue, right, the
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theft of intellectual property and the forced transfer of technology. what about that framework addresses those things? >> the framework went into a number of potential legislative changes, very all-encompassing thing. for the moment it's at the 40,000-foot level. this is not a definitive agreement. this is was we hope will be a path forward. if it doesn't work, the tariffs will go into effect. so nothing's been lost at all. >> maria: so did we commit to holding off on tariffs then? >> well, you can't be tariffing people at the same exact time that you're negotiating a detailed arrangement with them. so there's, as secretary mnuchin said yesterday, there's a hold on tariffs for the moment. >> maria: until when? how long are you giving this time line and this framework to come up with details, secretary, given the fact that we know that
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more important to american business and the american economy is, number one, the theft in terms of intellectual property. number two, the forced technology transfer. and number three, the opening of markets in china, not necessarily the trade deficit. >> well, i think there's also a number four, which is selling more products to the chinese, increasing exports has always been a very big goal, both of this administration and of the economy and business in general. so i wouldn't slough over that. it is true that there are a lot of problems that we're trying to address in this framework and it's going to take a while to see how far we really get, how much closure we get and really the devil is in the details. >> maria: how long before in your estimation the chinese will in fact agree to $200 billion of buying more u.s. stuff? >> well, we'll find out where we
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are pretty soon. i have to go to the oecd, the end of this week, in paris and then i'm going from there to china with some other folks to try to pin down the trade part of it. because this is not directly a government to government event. this will be individual orders to individual businesses for specific items of agriculture, energy, and manufactured products. >> maria: there are so many legs to this story, if you will. i mean, the concerns over china go beyond trade. they go to the fact that china is growing a lot faster than the u.s., almost 7% growth expected this year. the fact that china has 1.3 billion people versus under 400 million in the united states. and the fact that as china gains economically, they are applying those gains economically to their military base. listen to what house armed
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services committee max thornberry told me yesterday and also what dick cheney said about the biggest threat the u.s. faces today. here's two sound bites for you, sir. >> china doesn't just take an all of government approach, they take an all of nation approach. any company, any individual will be a tool of the chinese government to steal, to buy, to borrow, whatever it takes, intellectual property that can be used in their military to -- against us. >> i think the chinese long-term are the most serious, have the most capability, and have made phenomenal gains economically which they're converting to better military capability and so forth. >> maria: your take, secretary ross, on the strength of china and how it's changed in the last couple of years. >> well, china has clearly
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gotten stronger. they're pulling their economy together. they're moving up the intellectual value-added ladder in terms of manufacturing. they're a coming force and coming very rapidly and very determinedly. but that isn't going to be solved just by these trade talks. it gets into all kinds of geopolitical issues. but on our talks, we are not minimizing the importance of technology by a long shot. in fact, in june the department of patents will be issuing its 10 millionth patent. no country in the whole record has ever remotely approached that. that's an enormously important indicator of how valuable inventiveness and technology is to our economy. >> maria: it sure is.
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>> there's nobody in our camp that has any intention of not dealing with those problems. >> maria: and you know, this is the kind of issue, secretary, that most americans get. they understand that china has been stealing intellectual property from the united states for years. in fact, the estimated cost of the loss of that i.p. is above $300 billion it costs the u.s. because of that theft. let me ask you this. one of the few leverage points that i think that this president, this administration, you and your colleagues have had is this idea of national security. the pushback, the 301, if you will, in the u.s. trade act, to push back on china to say you can't do this or that or have these practices because this is a national security issue. but i understand china would like that 301 national security issue off the table. is the president going to give into that? >> well, what we have agreed to is to continue the discussions, see if we can get to a
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definitive agreement that really makes some sense. as i mentioned, i'll be going over there next week. there will be other people working on other parts of it. either we'll make a final arangment or we won't. but the 301 action just like the 232s, it's not going away. the 301 is still there. it's getting ready to be used. and if need be, it will be used. >> maria: do you support a plan to relax the tienemen square sanctions? >> i think you must be referring to something other than tinemen square. >> maria: in terms of sanctions, relaxing sanctions against china, is that part of the discussion as well, mr. secretary? >> at this moment, that is not something we've been really discussing. >> maria: okay. so just to be clear, the country, china has not agreed to
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buying $200 billion of more stuff and the u.s. is not agreeing to put off tariffs until a formal agreement is reached, you're still in negotiation then? >> there is negotiation but we do have -- we have agreed on a framework. now the effort is to translate that framework into an executeable reality. that's what we really have agreed. the 301 is a miss l pistol thay to be fired when it needs to be fired. >> maria: great to see you this morning. thanks so much for clearing it up. wilbur ross joining us there. coming up, general electric officially merges their transportation business in a deal valued at $11 billion. bob wright weighs in on the news coming up. paying more at the pump. airlines facing higher fuel bills as the busy summer flying season gets under way.
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>> maria: welcome back. venezuela's president celebrating his re-election. cheryl casone has details now. >> cheryl: a shocker on this one. the election gives the embattled socialist incumbent a second six
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year term. opposition leaders accuse the government of buying votes and using tricks to boost the turnout among the poorest of voters. it's expected to increase international pressure on mudero. mike pompeo saying, quote, sham elections change nothing. well, it's going to cost airlines more to fly you to your destination this summer. that means prices will probably go up. jet fuel prices have risen 15% this year, giving u.s. airlines a potential headache during the busiest time of the year. fuel is airlines' biggest expense after labor so carriers can handle higher bills by reducing service or raising fares. taking a look at some of the big stocks, airline stocks, american airlines, that stock year-to-date is under a lot of pressure. you want to watch southwest airlines today, you'll want to watch united and jetblue. there's delta. there's been a lot of pressure on the companies. jet fuel prices is one of the
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biggest costs for all of these airlines. earlier this morning nasa launched a rocket toward the international space station, taking off from virginia. the launch treated early risers on the east coast to a dazzling light show just before dawn. the rocket carrying more than three tons of crew supplies, science gear, spare parts and three small satellites to the i.s.f. so there's some fun video on your monday. back to you. >> maria: thanks, cheryl. coming up, mixed messages on china tariffs. david perdue will weigh in, that's next. the jury is out, the apple samsung trial finally nearing its end, 10 years after it started. the latest details ahead of an expected jury ruling today. back in a moment.
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i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. we agreed with a framework for going forward that had a number of elements to it. it had some specific thoughts on specific products which we'll be trying to flush out and it covered lots of other things, the intellectual property, forced technology transfers, a whole gamut of things. but it's not a definitive agreement. it's a framework. >> maria: that was commerce secretary wilbur ross speaking with me just a moment ago about the framework of current trade negotiations between the u.s. and china earlier this morning. the president just tweeted, i asked senator chuck schumer why didn't president obama and the democrats do something about
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trade with china including the threat of intellectual propert. they did nothing. chuck and i have agree on this issue, fair trade plus with china will happen. joining me right now is senator david purdue of georgia. senator, it's great to see you this morning. these markets are up 200 plus points, there's a lot of conversation going on. we averted a trade war is what we -- we put a trade war on hold is what secretary mnuchin said yesterday. yet, this is just a framework, there is actually no deal in place. >> let's put it in perspective. for the last year the president's instincts have been right. we've been getting our economy moving with regulations, energy and taxes. now he wants to create a level playing field with the rest of the world. he worked with nato on their military spending. we have a free trade agreement with south korea. this is a long pull with china. >> maria: i understand what you're saying and i agree. i think the president was so right to go after this because everybody gets this.
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they are stealing our end lect walintellectual property and they're forcing the technology transfer to chinese companies. they're acquiring american companies and forcing the transfer. how do you stop that? >> first, have you to engage and call it out. we have a president that's re-engageing with the rest of the world. i was meeting with top leadership in china. we engaged on trade and north korea. i think the first thing to realize, that most people in america don't realize, that they're innovating, stealing and developing on their own. and they're buying. so china is on -- if you read the china 2025 directive which lays out their plan for the next eight years or so, you see what they're trying to do. they're going to lead in 10 technology areas and it's very serious. >> maria: they're already leading on some of these areas, block chain technology, a.i., robotics. these are all of the industries that america is looking at as the future and yet china is
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trying to get ahead of america and buying our companies in doing so. >> they've come along way in 30 years. the model has changed. they're very vertical. very competitive and they're moving to protect their own interest. we're standing up for the rights of american workers, american businesses to say we want a level playing field. we are working very hard and i think we're going to get pretty good results. >> maria: i think the president had real leverage when he used the national security risk and 301 from the trade act and now china wants that off the table. will the president give in to that? that's a big deal. >> no, we can't. that's the rhetoric you'll hear on both sides. we have a serious issue militarily and economically and socially with china. this engagement is very encouraging. we haven't had in a decade. the last administration
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withdrew. we're trying to re-engage. i'm very optimistic this president is doing the right thing with china. >> maria: this is a good optimistic way to look at it. let me turn to the pace of progress in the senate. you're calling on mitch mcconnell to keep you and your colleagues in session longer during the week or cut back on the august recess to avoid another massive omnibus bill, to to clear more of president trump's nominations and the president supports the effort, writing this in a tweet, the senate should get funding done before the august break or not go home. wall and border security should be included. waiting for approval for almost 300 nominations, worst in history. senator, your reaction and what's the reaction of leadership? >> you called this out for years. it's been since 1996 was the last time the federal government was funded by congress on time, by the end of the fiscal year. can you imagine that in business? >> maria: no. >> only four times in 44 years has congress funded the government on time. what we're saying is, look,
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let's engage on the spending bills now and if we have to stay here in august. it's also the confirmation debacle that we're facing as well. 284 presidential come knees are waiting to -- nominees are waiting to be confirmed today. it yo will be 1 # of years befoe we -- 10 years before we get those confirmed under the current schedule. we're saying the only way to combat this is to stay here, keep the senate open and run through the no, ma'am flagses n. >> maria: will the senate do it? look at what happened with the farm bill on friday night in the house because of the immigration push. >> well, we saw it happen last year. we did the same thing last year. we said we want to volunteer to stay here if we need to and he decided to do that the first week. four days later the democrats gave us 77 nomination confirmations and we had only done 44 up to that point. we know where the soft spot is. we're in control of the schedule. we should do that.
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>> maria: it's earnings straightforwarit's ex strordz e. >> this is unbelievable. this president can't form his government. it's outrageous. >> maria: he can't form his government. that is outrageous. he's got all of this pushback in terms of spying, in terms of what went on at the top of the fbi and the doj during the election. it's quite extraordinary the barriers that the past administration has put up for president trump. >> it's unprecedented. this president's been calling it out for over a year. we've been distracted by the mueller investigation. now it's time to get at the real truth. there's no collusion between this president an russia. that's going to come out. what's going to come out is that the obama administration interfered with the he'll. >> maria: what's we're learning. do you think there will be justice? >> it's what the people demand. hopefully we'll get that in this
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case. >> maria: these are extraordinary times. >> it threatens our republic. if h we can't have the peaceful transfer of power, what good is this republic. this president is nobody's choir boy but his instincts are right. >> maria: look at what he's been able to achieve, tax ledge raise, rollback i rollbacks, thm embassy, but let's get back to business. the house is expected to vote tomorrow on a senate bill that would free regional and community banks from some of the toughest requirements under dodd-frank. what do you want to see happen here in terms of dodd-frank and how will it impact the economy. >> i think we could go deeper into dodd frank. this was a bill with something like 18 democrats voting with us in the senate to pass the bill. the house will vote tomorrow. it does two things. it lowers the cost of compliance for small and regional banks
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that had nothing to do with the debacle. it lowers the capital reserve rearments. local small town banks will get back into the mortgage business and make car loans again. >> maria: you look at the corner bank in your neighborhood having the same regulations as a j.p. morgan who has business all over the world, it's so ridiculous. >> we've lost over 180 banks since dodd-frank was signed, all of them small and regional banks. dodd-frank did the opposite of what these beurr bureaucrats tht it would do. it benefited the big banks. >> maria: another tweet from the president moments ago. china agreed to buy massive amounts of additional farm agriculture products, would be one of the best things to happen to our farmers in many years, the president talking about the promises china made as we await a formal agreement between china and the u.s. on those other important issues. coming up, general electric
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officially merges its transportation with wabtec in a deal valued at over $11 billion. i'll talk with former g.e. vice chairman bob wright about that. hillary clinton conceding, that's next. the demand for lithium is set to increase substantially over the
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war between the two countries. the white house put up mixed messages over tariffs and whether they're still on the table. here's what wilbur ross told me earlier this hour. >> this is not a definitive agreement. this is what we hope will be a path forward. if it doesn't work, the tariffs will go into effect. so nothing's been lost at all. >> maria: president trump tweeted this after that interview on china, barriers and tariffs to come down for the first time. progress toward a deal driving markets higher. futures indicate a gain of better than 200 points out of the gate this morning on the idea that a trade war has been averted. the nasdaq is up 45 and the s&p is up 15. global markets look like this, european indices are higher across the board. there's a holiday in germany so german markets are closed. the cac is up 1/2 of a percent. in asia overnight gains across the board as you can see. general electric is merging its transportation business in an
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$11.1 billion deal with wabtec. former general electric vice chairman bob wright will weigh in on that and a lot of other things coming up. the battle between apple and samsung is heating up. samsung makes a dig against the iphone in a few ad. hillary clinton is taking aim at president trump again. at yale this weekend she said i'm not over it just yet. plus, a royal wedding for the ages, millions tune in to celebrate the marriage of prince harry and meghan markle, now the duke and duchess of sussex. we have the numbers coming up this morning. first this, a radical approach for producing medical breakthroughs, a new documentary shows how harpa can change lives for patients. take a look. >> we can't just hide our heads in the sand and say no. >> it's not working. we need a new approach. >> if you want someone to do something revolutionary you have
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to create an apparatus for us. >> maria: joining me right now us the former vice chairman of general electric, suzanne wright foundation chairman, bob wright is here. along with the founder of a biotech office, doctor jeffrey link. thank you for joining us. i'm looking forward to hosting a panel discussion over the film's premier with you, bob, tomorrow night. tell us about the story behind this documentary. >> well, it tries to put into perspective what we're doing and the needs. this advanced research projects agency exists in the government at three or four different levels, different parts of it, a and it allows breakthroughs in science, in medicine or engineering to take place in a very unregulated but extremely
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strong environment and darpa, which is where jeff -- dr. ling spent so much time, is the model and it's been 1960 -- it's from 1958, president eisenhower formed it. this should happen -- we should have harpa which is health advanced research projects agency inside of health and human services reporting to the secretary and the president. that's what these -- that's how these things work and they get allocated money from congress and they use big bites. they take on big projects and they do it on a very tight time schedule. >> maria: like what kind of projects, dr. ling? tell us about it. >> there are many projects that we can start to use this h a arpa model on. you think across the spectrum of human diseases, it's almost limitless, maria. you can start with cancer, you can look at autism, alzheimer's
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disease. there's a whole host of disorders that we can do targeted, very intense and as bob said large bite projects for. and again, this is not a new idea. darpa has done it for defense reasons, the intelligence agencies have done it with iarfa. the department of energy has done it. barta started it, making sure they take care of critical health calamities such as like an epidemicou epidemic outbreak. what about the other serious diseases that we face? cardiovascular diseases, cancer, alzheimer's disease, neuro degenerative disorders, autism, these are important disorders for which this model could help in a major breakthrough to get to patients as soon as we could get there. >> what are the barriers now? the government spends tens of billions of dollars a year on research. fa.what are barriers that you're
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overcoming now? >> really, it is a barrier of culture. barrier of culture many there is no law that prevents this. there is no philosophical reason to prevent this. it comes down to a will just to do it. as i said before, three other agencies that bob talked about in addition, the department of defense, have already started it so he with could do this. it's a philosophical change. the critical word is philosophical. the concept that you can actually use milestone-driven time line-driven research to come up with breakthroughs that pertain to health would be new for the government. >> why hasn't pharma done this before? >> there's still a high risk. when you talk about new drugs, new devices, even new ways of doing things, there's a very strong regulatory environment that you still have to overcome which is totally reasonable.
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but it provides a certain level of risk that makes it very difficult for the markets to bear. >> political scung scunge skunk? >> that's a good way to think about it. >> maria: since we mapped the genome we started understanding disease much better. we changed our behavior in terms of smoking, in terms of eating, knowing the risks of heart disease. we haven't had the kind of knowledge to make changes with regard to the brain. you talk about autism, alzheimer's. what can you do in this program to really move the needle on that? >> well, i think you really hit the nail on the head when you said look at the things we're doing for our life span and our heart. we did a remarkable study in the late 1940s. took a long time for this to turn its way through but we all know now that -- everybody knows what high pressure -- what high pressure does. >> maria: we don't know about alzheimer's.
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we don't know about the brain. >> we need to do that why hasn't it been done. >> dagen: in terms of cancers like glia ow glioblastoma, you t have the money and research power being poured into these areas as you do other cancers because there's not the money there. it's an incredibly deadly cancer. you have a fairly small incidence of its occurrence in people every year, so you don't have -- you have good research but you don't have the best research and the vast amounts of money targeted at it. >> everything isn't as hard as alzheimer's. my wife died, less than -- a little less than two years, since she died, 92,000 people have died of pancreatic cancer and 85% of the people that are diagnosed each year, which is 55,000, 7 a 5% o 75% of them win the first year. they're dying like clock work. i feel like i've got the clock
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on me. every day, during this particular newscast we'll lose two or three people. we'll lose 123 today. and it happens every single day. now, early detection is totally lacking. that would be one -- the first thing we would try to start on, early detection has got more -- that's where you bring engineering in, you bring radiology in, you bring m.d.s in, p.h.d.s, those things don't happen inside of the government and they don't happen outside of the government because they're a risky kind of project and say, well, let's take something that we're already in. that could be like the very first -- >> maria: this could be private investment, right? >> this could be government. you want access to the government's data. you want them to be cooperative. you want to get data from the cdc, from the nih, you want all of that which is very important.
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>> let's say you make a breakthrough. what about fda, are you able to get over ? >> it would be part of it. you would bring fda into it. >> that's one of the huge parts of the expense of the $2.6 billion in the market. can you speed that up? >> you're creating a new ecosystem. this ecosystem is based upon accountability. as you invest money into a project, there is accountability. that's the very difference. >> maria: that is a big difference. obviously we are all rooting for you. we want to see you have success here. thank you very much for that real quick before you go, general electric officially merging their transportation business with wabtec westinghouse in a deal valued at $11 billion this morning. you of course long-time ge-er. >> it's a very interesting decision. the value that they're putting on the business is something around $11 billion which is very good. now, they're going to merge it and that's what they call a reverse morris trust where you
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put something in and don't pay taxes on it, on the sale of it, but it has to stay inside the other entity for a period of time and they would -- it would be like baker hughes, they would own at least 55% of this. westinghouse is probably one of the oldest manufacturing businesses in the world and they're full of technology. >> maria: thank you so much. bob wright, dr. ling good to see you both. thank you both. we'll be right back. so he got h. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.
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>> maria: welcome back. president trump just tweeting again on china this morning, here's what he says. china must continue to be strong and tight on the border of north korea until a deal is made. the word is that recently the border has become much more pourous and more has been filtering in. i want this to happen and north korea to be very successful but only after signing. now to the long running patent dispute between apple and samsung.
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it's nearing an end. cheryl casone has the story . >> cheryl: the patent dispute is in the hands of the injury. samsung lost the case in 2012. samsung wants to pay a max of $28 million in damages. apple wants $1 billion. a decision could come as early as today. meanwhile, samsung is taking a shot at apple in a new ad making fun of iphones slowdowns because of the old older batte. >> it's really slow. >> you can turn off the performance management feature but it may lead to unexpected shutdowns. >> you could just upgrade it. >> cheryl: the ad is for galaxy phones. apple apologized for the battery issue in december and they've been offering replacement batteries. shares are higher in the premarket almost 1% right now. nearly 30 million americans watched the royal wedding of prince harry and meghan markle.
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the ceremony was broadcast live on 15 u.s. networks. nielsen says an estimated 29.2 million people watched the wedding on saturday morning, more than the 23 million who watched the wedding when prince william married kate middleton. the wedding came with a high price tag. it reportedly cost about $45 million, about $40 million of that went to security. taxpayers in britain like throw pick up that tab. i hope that enjoyed it. over to you. >> maria: it was a beautiful wedding. thank you, cheryl. everybody watched it here, right? >> dagen: my mother never taught me the definition of success and happiness had anything to do with a tiara on your head on a man on your arm. >> she had success before, so it's a nice story with a happy ending. >> dagen: a third rate actress marrying irrelevant royal in a
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monarchy that has no power. >> maria: what a debbie downer. >> dagen: i say it after the fact. the only thing i watched was the sermon, bishop curry's sermon. >> maria: i like the whole story. i like the two of them together. >> she doesn't like fairytales. >> maria: tina fey made her return to snl. we'll tell you about it. stay with us. [music playing] (vo) from day one,
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shop. take it from me, politics is a wild ride, one minute you're on top and then you're gone in the blink of a scarmuci. i have a message for the trump white house, enjoy your moment, who knows how long it will last. >> maria: that was tina fey returning to saturday night live this weekend. joining us right now is the host of the joe piscopo show, joe piscopo. good to see you. good morning. >> maria, so great to have you on our radio show. always an honor to be with you. >> maria: i'm live on your radio, you're live on our show. what did you think about tina fey? >> i love tina fey. what a fire storm. the last time i was on your show, maria, we were the number one trending story on all of social media, maria. you and i.
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>> maria: alec baldwin was talking to you on twitter after you said -- you were making fun of it. and he tweeted at you. >> i tried to be nice. i try to be nice. i said stormy daniels should not be on the show. i doubled down and tripled down on that. you don't put an adult film star on saturday night live. you just don't. the show is better than that. there was a great impression this weekend. i think tina fey was great. leslie jones was hysterical. you have to appreciate the performance and beauty of it. politics aside, i like to watch it performance-wise. >> maria: but joe, is it still funny? a lot of people are sort of over the whole donald trump impersonation, they're over a lot of these jokes and i don't know, i mean, it seems to be leaning toward mean a lot. comedy used to be about being funny. now it's just sort of mean. >> and political, yeah.
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especially when you could do a lot of other things. i don't know why they're not going after bob mueller. i have a sketch in my mind, instead of doing bob mueller, a listener said it should be sponge bob mueller, like a sponge bob square pants sketch. they can't find russian collusion. mr. crabs could be played by james comey. you have all of that material. is it mean? yeah. i think it's mean and they're playing to a base. but you know what? if you don't like it, my attitude, don't watch it, right. >> maria: exactly. joe, have a great morning. always love talking with you. tgood to see you this morning. >> tell steve forbes hi, he's my buddy and dagen and lee. he's a great guy. congratulations, steve. of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife.
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maria: welcome back. good monday morning. thanks so much for joining us this morning. i'm maria bartiromo. monday,may 21 stop story 8:00 a.m. on the east coast mixed messages on trade war with china steven mnuchin says tariffs off the tabletop trade representative says not so fast a key part of the debate over national security, commerce secretary wilbur ross told me last hour -- >> one action, just like the 232s not going away, it is real still there, getting ready to be used it if need be it will be used. >> hopes -- up 221 points dow
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industrials nasdaq up 45, s&p up 15, global markets like this, the markets in germany closed for holiday ft 100 up a half percent 43 points higher cac quarante up 26 points 1/2 of a percent higher in asia overnight begins a across the board asian markets best% forge. >> in good shape most americans feel about economy give president trump credit justice department hiring back answering back adc asking watchdog,ig toying review the fbi investigation of the trump campaign, after president trump tweeted demands for this yesterday key we see surrounding roll of fbi informant. >> i didn't want trust concerns going "60 minutes" raising questions how powerful the giant has become, one official says there is proof of the company alleged illegal behavior the stock up almost
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1% this morning, production west coast, elon musk, ceo of tesla announcing a sound up model 3 will cost you a pretty penny, bouncing on news up 2%, stories this monday morning joining me to talk about it fox business network dagen mcdowell. >> forbes chairman steve forbes. >> lee carter, great show. >> great show. >> good to be with you. maria: so much happening. >> a lot is happening. maria: yeah. >> wilbur ross that comment a framework i don't know what that is really is about what is the deal on the table? >> framework means you are coming back to renegotiate past deadline you gave for the original framework. >> okay. >> because -- >> on fox news -- we heard stephen mnuchin say trade war has pen on hold lighthizer came out with a statement dagen basically said no, no, no, tariffs are still in
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place. >> tariffs important to quote protect our technology, also the far more important issues revolve barn technology transfer cyber theft protection of innovation what he has been talking about from lighthizer you can't really say much if a negotiator, trade war in messengering -- just say trade agreement or trade whatever you say don't say trade war -- >> been delayed -- okay. that didn't -- >> whatever it is markets are lineing it this morning they are buying into it. because could have been a lot worse i guess what we are talking about trump administration. >> come on, economic activity, not good for markets. >> by the way,. >> the national retail federation paid to do an ad on instagram, a short ad about the danger of tariffs and take
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on buehler's -- >> tariff another word for sales taxes, keep that in mind. maria: the administration, is taking sweeping tariffs on china, off the table apparently that is according to secretary mnuchin blake burman at white house with the very latest blake, good morning to you. reporter: maria, good morning to you as well you were talking about it trying to -- figure out right now where exactly 'stands with this because the president this morning has seemed to suggest is an agreement in place sent out four different tweets, on china two of them read as follows "china hasa agreed to buy massive amounts of additional farm agricultural products would be one of the best things to happen, to our farmers in many years then he wrote on china barriers tariffs to come down for the first time, however, before those tweets came out commerce secretary wilbur ross you were talking about, stressed that at this point there is only a framework in place.
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>> well your framework, went into a number of the potential legislative changes and very all encome passing for the moment 40,000 -- level. >> not a definitive agreement over weekend treasury secretary mnuchin said quote we are putting trade war on hold, ross this morning though talked up 50 billion dollars tariffs enumerating to i.t. theft. >> just like about 232, not going away, it is still there, getting ready to be used, and -- if need be, it will be used. reporter: the president wrapped up his tweets tying china to the north korea issue saying china must continue to be strong and tight on the border of north korea, until a deal is made.
quote
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>> maria. maria: all right blake thanks so much, really an important story here, blake burman, want to switch gears, justice department inspector general now going to be looking at political motivation whether it affected fbi investigation of trump campaign alleged collusion with about russia, john brennan responded this morning taking aim at gop, and leadership, senator mitch mcconnell. >> speaker paul fall. >> john brennan tweeted this morning, senator mcconnell speaker ryan if mr. trump continues along the disastrous path you will bear major responsibility for the harm done to our democracy, you do a great disservice to our nation republican party if you continue to enable mr. trump self-serving actions president trump swiped back on twitter writing john brennan is panicking he has disgraced himself disgraced the country he has disgraced the entire intelligence community the one man who is largely responsible
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for the destruction of american fate in the intelligence community, and in some people the top of the fbi. >> brennan started this buyer debacle about president trump we know brennan had detailed knowledge of the phony dossier knows about dossier denies knowledge of the dossier breached gang ooh briefed "gang of 8" on hill about dossier which he wants writing we will bring in rest of the tweet when it companies in this actually live television. >> the rest of the tweet. >> i think jo us fox senior judicial analyst judge napolitano what with a development. >> mr. president would you finish that tweet please -- so we know where you are going so much to get hands around here. >> first let's start with the fact that the president yesterday came out, and demand that inspector general take this up. >> consistent -- actually didn't even -- the iggig did it demand doj do it the doj
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chose the inspectoror jen i thought he was saying start criminal investigation, inspector general investigates for violation of department of justice not crimes, if comriems has to refer to the criminal side the way i read this this is part of the rudy giuliani inspired let's go on the offense, approach, that the donald trump legal team has been taking lately, i don't think that rudy was hired to get into nitty-gritty of the documentation what may have been violated who said what to whom i think rude hey was hired to commence offensive a credible legal as well as politically grounded offensive in baehalf of the president probably said to president you go on offensive
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why don't you have somebody investigate origins of this investigation -- >> chairman devin nunes from intel committee, investigating how the investigation of donald trump began. >> yeah. maria: we know devin nunes told us there was actually no intelligence used to launch the investigation of collusion. >> this crosses that red line that he talked about doesn't it. >> yes, it does -- i -- my response he devin nunes a lot he does not have tools available to him that doj does the power to indict the power to threaten with criminal prosecution if they don't come forward. >> what is next credible step. >> a great question the next ebb credible step not going to happen tomorrow for inspector general to veal about publicly whatever he learned about what this professor may have done a lot of us know who professor is what information they have
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may have been obtained directly or suri thinkiously be invigel into the campaign case fbi thought crimes were being committed or white house wanted to know what trump campaign was doing to pass that information -- >> on "sunday morning futures". >> listen. >> if they ran a spy ring or informant ring and they were paying people, within the trump campaign if any of that is true, that is an absolute red line. there is not an honest person in this country who can believe taxpayer dollars going to fund this ring operate like this like what is said in "new york times" i think, that would have quite a bit detail on it if any of that is true there is a red line in this country you can't do this to political companions this was done according to them this was done in o spring.
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before thank you counterintelligence investigation was open if through we need to know. >> i could not agree with him more we may be on precipice of composing a very, very extraordinary political use of intelligence and law enforcement by obama administration the other part of this the government can't just investigate anybody it wants there has threshold means government must articulate why for what law enforcement purpose it is gathering information about person or entity i don't know if they had that maybe they did the other thing you have to say should not surprise people that agents of the tension community invigel their way into private entities that happens all the time, the cia and in places most people don't know of places. >> this is very different judge this is a major presidential election.
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>> yeah. >> the president obama, basically, what appears to me, politicizing all agencies, doj, fbi, irs cia, they were all involved in trying to take down donald trump. >> one of the reasons, i think, that john brennan's tweet was so vicious in tone was because he does not want this behavior exposed he probably was behind it and in fairness to him it went on long before he got there will go on long after he is gone. >> quick. dagen: this is for you to push back, on some of the narrative about donald trump, ordering, the department of justice to -- to look into this, people acting like this is some sort of constitutional abuse of power the department of justice is part of the executive. >> yes. >> not independent branch of government period. >> my hat off to self-restraint one does not often compliment this president, self restraint with
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which he conducted him vis-a-vis justice department i believe this is the first time publicly, about he asked justice department -- ordered justice department to do anything. >> can't do anything with -- the they will slow walk another attorney general. >> if judge sessions were not to be the attorney general, the acting attorney general would be rosenstein i don't know that he would get confirmed either. >> he is the one -- agreed on these fisa warrants, signed off on last fisa warrant, so some people feel he is conafflicted in the whole thing. >> i am sorry this clash is going on between president and justice department, the best justice department in modern era president attorney general were brothers obviously spoke about all the stuff all the time got the job done. >> thank you so much. >> you are welcome. >> andrew napolitano we take a break when we come back the power of google shocking news antitrust concerns for the
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maria: well back about have a by ae kilauea volcano new danger on the big island cheryl casone with details. cheryl: maria video is showing the fast-moving lava crashing into the sea forming
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a toxic steam cloud, causes breathing problems as far as 15 miles down wind we have first major injury man's lower leg shatered from molten rock. >> well, new questions about the power and reach of google, a report on cbs, 0 minutes yesterday explored google dominance suggesting it has become a dangerous monopoly. >> the search engines things wouldn't tell wives, powerful yet very intimate technology gives the country a mind goingling control over entire society. >> google conducts 90% searches, reports say users in britain are suing google over
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data collection claims may be taking as much as 4 billion dollars, court filings showing saying you owe us accusing google of person information by passing iphones privacy settings, parent company of google alphabet on screen. >> george h.w. bush, dozens greeting him on way to family vacation home waving flags for him, jeb bush tweeting out a photo of his father george hwwas hospitalized last month in houston for blood ineffect shun the day after his wife barbara's funeral family said his goal to still make this trip. >> this references training a robot to perform simply tests observing humans, color boxes, watching people do same thing making robots can work safely
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alongside people, shares higher premarket, google -- you that story in 2006. on size and scope reach of google won emmy at the time. maria: i did thank you so much we did i did a documentary at cnbc i was it was incredible that they anonymize your searches after two years for two years it is true do you you tell engine stiff you don't talk about with anybody succeickness cover they anonymize that take your name off after two years why two years to have receivers. >> advertising. >> right. >> but yeah, it was a great documentary happy to be part of it when we come back economy doing well under
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president trump new poll grading the president on america's super charged economy next a major change in policy for starbucks company is allowing anybody to use restrooms whether they make a purchase or not that is coming up. ♪ the demand for lithium is set to increase substantially over the
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administration. 18% voters rate the economy as very good, joining is right now u.s. bank wealth management traditional investments group, lisa erickson good to see you. >> thanks for having me. >> do you agree the economy doing well right now? what are your thoughts. >> certainly is doing very well when we look at growth momentum on the month of fronts it really all the numbers are good. so corporate earnings just coming through today are -- well above consensus estimates 25% average blended rate for s&p 3500, in addition if you look at the indicators they are showing good momentum so while there are signs of softening overall when we look at dashboard economic indicators we see over two-thirds in positive territory, now still but nervously unusual on market the reason even though you have those very good
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fundamentals we have in other inclusive techniques s&p 500, 200-day moving average six times since february will take time to repair that damage. >> how do you see it do you want a phase two tax plan? >> no i think the republicans, republicans in inning could, are getting no credit for this economy at all, in fact, polls show leadership of congress is regarded as part of a swamp rather than fighting the swamp, so they have got real problems, there. they have got to put up to 2.0 whatever you want to call it tax cut geared to individuals geared to reducing the payroll taxes, cap gains tax put that you like the first one we've got more good stuff coming, so people can look forward to something. just simply saying the economy is good helps the president but not going to help those candidates. >> i wonder if that will happen before midterm elections. >> not with this leadership i think rank-and-file is going to be rebelling they see
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primaries -- people in congress don't get elected to higher office that is what happened last week. >> i agree with you i think that the congress -- i don't think -- i actually don't think tax reform is now of for them, because people don't think that they are doing anything. i am curious coming back to you, you are speaking neutral people are saying they feel really good about economy we're seeing a lot of folks saying i am not so sure i trust the retirement savings are okay not sure trying to invest in market about so institutionalization investors more optimistic -- >> we think that means for somewhat volatile year probably a modestly upward finish leading to guarded optimism that we have the nervous neutral feeling if you look at smint as you said bifurcation if you look at
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sentiment indicators on investor side overall more neutral, even in somewhat bearish territory so we think again, that is going to make it more did i for the about markets this year. >>. dagen: isn't it a sell indicator for individual get too optimistic what you don't want to see historically been a sign that when you see euphoria among regular folks in any case sell signal. >> yeah, absolutely. i would say what we are seeing he overall is optimism on the economy not necessarily translate into optimism on the market. and so again i think there is that general nervousness as far as the market itself where earnings are whether they can be sustained. and so really, again, while we don't see this over optimism i think you see that in how earnings came out, about even though we are at historical highs in terms of of how corporate earnings have performed again, the investor reaction to that was very
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muted, we see some positive signs again not over optimism. we will leave it there thanks so much. . thank you. >> lisa erickson joining us demands for the justice department former presidential candidate mike huckabee was he in on president trump's call for doj to investigate spying allegations from a -- clinton campaign. >> new jabs against republican party and president trump coming up. ♪ ♪ earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo.
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you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. good monday morning. thanks for joining us. i'm maria bartiromo. monday, may 212 top stories right now 8:30 a.m. on the east coast. mixed messages on trade war with china, mnuchin says tariffs are off the table commerce secretary wilbur ross told me this morning that could change. >> -- a agreement, this is a we hope will be a path forward, if it doesn't work tariffs will be in full effect so nothing has been off at all -- >> teal between united states china, markets sharply higher futures gain 200 points plus out of the gate this morning, also driving gains boeing caterpillar, better trade
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relations stocks up, strongly this morning caterpillar up 2 1/2% global markets, are hire liar this morning market in germany closed for a headlined this morning, ft 100 up two-thirds of a percent cac quarante paris up half a percent in asia overnight begins a across the board, as you can see, the justice department answering back asking watchdog inspector general to review fbi investigation of the trump campaign after president trump tweeted demand for this probe yesterday. key question surrounding the role of fbi informant taking a closer look at developments, she is not over it, hill conceding still has not moved on from 2016 loss, taking shots at president trump during address to graduates at yale. >> elon musk not slowing down despite prediction problems for model 3 tweeting deals of a new faster version of the vehicle does come with a big price tag we will tell you about that.
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>> first this, topping news this half an hour another twist in the russia collusion probe justice department inspector general will now look into whether or not fbi informant who infiltrated president trump's campaign was planted there paid for for political purposes, announcement came yesterday hours after president trump tweeted this, i hear bidemanned will do so initially tomorrow department of justice lock being into a who are not fbi infill traitdz or sursurveilled political kien for any purposes requests whether requests made by people within obama administration. >> joining us, mike huckabee good to see you thanks for joining us. >> always a pleasure. >> you know, ominous op-ed by james freeman at the journal basically asked the question where was obama? during all of this we are having this conversation about -- the abuse of power, top of the fbi, doj where was the president? maybe now we should hear from
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president obama, and his advise in terms of how this all went down, about what he thinks about it what do you think? >> i think there are a lot of people, stwarth president obama but throughout his administration, including, mr. twitter himself james freeman, who or john brennan needs to show up give us information, do it under oath we need to find out what happened, maria the reason is simple, it is one thing, for the guys in those the striped shirts supposed to referee the game to call out fouls you don't like but whether they take off striped shirts put on the team jersey playing for one of the teamed it is not the score that is at stake anymore it is the nature of a game itself. americans i think are beginning to realize this is not about whether trump or hillary won this is whether or not our constitutional process of elections and government that is dispassionate toward people when it comes to prosecuting crimes, are we going to salvage that or are we going to lose it case
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people beaus their power and use their power, as a political weapon begins people they simply did not like. >> right, you know we know that that there was no official intelligence used to launch the investigation into donald trump and so-called collusion with russians devin nunes house chairman of the intel committee told us that, then joined me yesterday and said that the informants revelation creates a new set of questions about alleged fbi interference from 2016 campaign yesterday "sunday morning futures". >> if they man a spy precinct informant ring paying people, within the trump campaign, if any of that is true, that is an absolute red line. there is not an honest person in this country who can believe that taxpayer dollars going to fund this ring and -- and operate like this like what is said in "new york times" i think would have quite a bit detail on it, if any of that is true, there is
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a red line in this country you can't do this to political campaign this was done according to them this was done in the spring. before the counterintelligence investigation was even opened if that is true, we need to know about it. maria: so governor what answers do you want surrounding the role of fbi informant do we know who paid him? >> i think the answers we all want to missouri the truth the truth will set you free we would rick freedom back we don't have freedom when the government is abusing its power using power to entrapp people trying to influence elections, keep talking about how russia was trying to influence the election. and probably were no doubt about that, about i am worried about our own government trying to influence the election, using my money as a taxpayer to do it! if donald trump and his administration, were to do something similar, against democrats and use the fbi, the doj, to use intelligence agencies to go after political opponents, i just wonder what
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talking heads on bs-nbc would be saying. >> we know the answer to that governor steve forbes here. what is next step is a special prosecute does attorney general finally take action how do we make sure truth gets out doesn't go into ether? >> steve i think -- the best thing i have seen, for those may not remember mark penn was bill clinton and hillary rodham clinton political adviser for most of the years campaign including up through the entire impeachment process, his piece in the hill that came out last night, is about about powerful and credit i believe one of the things points out attorney general has got to get control over he his justice department, right now i think it is running him he is not ring it. that has to change, if it can't, somebody has got to get in there be attorney general and make it happen, i don't
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like special prosecutors as a general rule steve because they tend to be like mueller get out of control out of hand not answerable accountable to no one usually waste a lot of taxpayer money ruin a lot of innocent people's lives before they go after the real culprits. >> on the attorney general how do you light a fire under him if you don't like him how can you get a new one through the senate? >> well, you know, that is that is going to be a big o a big challenge, but i think at some point donald trump and jeff sessions need a heard to heard talk if sessions says i just don't want to do what needs to be done, go after, an independent review internally, taking the ig ig inspector gene report if he doesn't want to he should resign president should put someone in place push senate hard, harder than he ever pushed them for anything get that person
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confirmed and move hard. >> do you think we will see justice mere? pretty extraordinary what has taken place. >> if we don't we've loss at it country i don't mean to be mellow dramatic but in a place laws no longer apply but to select group of people issue effectively used to go after people for political purposes, then we're no different than venezuela we are kgb we are everything we are not supposed to be god help us we've lost the republic -- >> incredible not even on mainstream media all they talk about robert mueller and russia probe they completely ambassador the fact there was a massive, massive abuse of power, top of the fbi and department of justice during 2016 election you can't den it anymore. >> well you can't, and i think that is what is so -- just -- frustrating to me watching the news media they cover everything but this, they continue to -- sound like splb in brady bunch russia, russia
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issue russia all we hear facts push furthering there was a cancer from years past a cancer within the government. and that cancer was me tame taft sizing highest levels white house state department extended into private sector commends colluding with government not only to enrich certain players but change future of our government. dagen: like a publicinging about a porn performer like that on the banner chiron trying do quite frankly, governor embarrass views of christian accesses trying to make you disavow president trump why they do that. >> a good point. >> the same people in 90s saying about monica lewinsky just sex doesn't matter i
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think many of us are challenged you know told you should be offended, look i am not defending anything donald trump may have done 15 years ago what i am looking at is since we have taken the oath of office, this is the president who has done what he promised. he sthaesd fastly stood for the rights of the unborn, er has moved our embassy recognized jerusalem brought us to the brink of perhaps getting some type of peace on the korean peninsula has brought some tame to the middle east brought people from said saudi arabia and emirates, qatar countries to genuinely title terrorism, he caught taxes a remarkable success in getting rid of over 1500 regulations that strangled business i look at that say this is why we elected him and we are proud of him for keeping those promises. >> small cabal of you know, elitists john brennan jim comey, andrew mccabe whoever
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else he peter strzok don't like him made a decision to have an insurance policy make sure make his life hell, and make sure to stop him from executing his plan and left out one thing first president in a long time to push back at china. and call them out for stulg our intellectual property call them out for forcing transfer of technology, we have breaking news right now treasury secretary mnuchin spoke to reporters in a gaggle moments ago on framework for china trade negotiations here is what he just said. >> -- ross las going to go over turn into a signed piece of paper with companies as i described not a government the government purchase order but we have an agreement, with them as to what will be executed, and secretary ross is going over there i believe next week, on the ground -- >> we can expect more -- >> -- absolutely, you know as i said 35 to 40%, increases in
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near future. >> so again, there you go. it is not a government-to-government purchase here, but it is the beginning of something, and markets certainly buying into it, secretary ross was with me a minute ago called it a framework steve forbes. >> fact chinese is going to buy more agricultural products, that is a chit in negotiations trouble you in farmbelt knew they had a problem coming to the rescue, chinese issue not dumb when it comes to negotiations. >> -- inflicted problem in the are -- farmbelt announced tariffs china retaliated of tariffs on -- and pork, so again, it is this back-and-forth and the farmers -- as soon as this happens can somebody in white house pick up the doggone phone call people who live where i grew up people raised hogs this is political maneuver nothing
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butt. maria: what do you think mike huckabee? >> well ultimately, a lot of maneuvering ultimate result in a stronger position with china this president had guts to stand up to them not just witch oof out every time a disagreement. >> mike my worry, national security issues, just because buying more soybeans natural gas oil doesn't do anything for transfer of technology to china. >> and you are exactly right maria ultimately our pushback comes because we do have to be worried about not only theft of intellectual property but about the implementation of spy technical nicks on technology they sell us we are totally oblivious to look what he is getting done in in spite of the extraordinary
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unprecedented distractions. >> good to see you you see you soon. >> thank you. >> we'll be right back. into retirement. and market volatility isn't top of mind. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they're less concerned with market volatility and can focus more on the things they're passionate about. talk with your advisor about shield annuities from brighthouse financial- established by metlife.
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maria: welcome back, elon musk out with details on tesla new high performances model 3 high pricetag, nicole petallides on the floor of the new york stock exchange. >> good morning so tesla has a new high performance vehicle 78,000 dollars for model 3 rather than 35,000 -- 155 miles per hour you can go to zero to 60 in 3 1/2 seconds, but what tesla goldman sachs says they need to raise capital through 2020 about 10 1/2 billion dollars has production issues elon musk is hot on this one, this is hot wheels cool paying jobs says will beat anything in class including bmw and with
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handling 15% sticker all for hot cars excited about this one take a look at starbucks this morning, any gray area any political now crystal-clear in stores of starbucks, you can use and sit in the cafés use cathramos if nonpaying customer after nightmare in april back to you. >> thank you. we learn more about fbi informant who infiltrated president trump's 2016 campaign the "the wall street journal" poses where was president obama joining me stuart varney, stu we have been talking about this all morning, in terms of this op-ed james wrote, you have to question what wasson doing. >> i think a breakthrough in whole political question about this spying on the trump campaign. a legitimate question are we to believe jim comey or james
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clapper or johnan did they just engine filtrate opposing campaign infiltrate report spy off their backs did they not go higher to mill masters to authors this something as high profile as this they must have said attorney general loretta lynch what do you think about this should have briefed president obama what do you think about this. time has come to ask the former president what did you know and when did you know it. and if you didn't know anything about this what on earth is going on if you did know something about it why didn't you tell us about this? >> we know for a fact, that sal ylities loretta lynch were briefed march 2016 then dossier then loretta lynch telling jim comey call it a matter, not an investigation. steve forbes has been saying all morning stu you are pretty clear where this goes.
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>> it goes right to the top. yep. would not have happened without his knowledge. >> without president obama's knowledge. >> that is a real break flu. >> that is right. >> a very much -- in favor politically of president trump a breakthrough nevertheless. >> see you in 9 minutes top of the hour we'll be right back. i'm your phone, stuck down here between your seat and your console, playing a little hide-n-seek. cold... warmer... warmer... ah boiling. jackpot. and if you've got cut-rate car insurance, you could be picking up these charges yourself. so get allstate, where agents help keep you protected from mayhem... ...like me. mayhem is everywhere. are you in good hands? so, you guys h-yesrecently started da-yes... cool. i want to show you guys three chevy suv's. the first one is called the trax, great for when you move in together. -ahhh!
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>> my thanks to dagen mcdowell right to stuart varney we go. stew take it away. >> good morning mario. good morning everyone. what a terrific way to start a big rally, a half hour from now, you will be looking at what a, 200 point gain for the dow industrials. this morning we'll go getting pretty close to 25,000 again. stocks moving up acrossed board especially technology. the reason the u.s. is, quote, putting the trade war on hold. with those words treasury secretary mnuchin suggested truce in the trade talks america delays tariff. china buys or more of our stock. a deal specifically -- china has committed to buying a

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