coming up transatlantic tensions president trump clashing with german chancellor angela merkel over a trade. >> crossing 1,000 dollar market first time ever, with major filestone for amazon back in a minute. i count on my dell small business advisor for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ >> good afternooning happy wednesday thanks for joining us. i'm maria bartiromo. it is wednesday, may 31st your top stories right now 8:30 a.m. on the east coast. breaking news this morning, axios is reporting that president trump will pull usa out of the paris climate deal, the report comes amid tensions with european counterparts the president toe-to-toe with angela merkel. >> there are things not going well for uk prime minister theresa may either the british pound following this morning as polls show, conservatives may fail to win a majority, in the election what that means for talks around britain existing eu, amazon to watch that morning in markets, technical titan crossed 1,000 dollars a share yesterday, we are breaking down t

followed german chancellor angela merkel's suggestion, europe needs to put its destiny into its own hands. the president's refusal to back the paris climate accord at the g7. he chooses instead to study it further. in fact we learned today, we should learn now quickly what that might mean for u.s. participation in that multination accord. also, lou, we learned the president interviewed a couple more candidates for the vacant fbi director position. one of them, the former number two at the agency, a man by the name of james pistole. if that name sounds familiar, it should, he once headed the tsa am the other person interviewing today, former assistant attorney general christopher wren. lou? lou: kevin corke, thank you very much, from the white house. >>> the pentagon successfully shot down an icbm during the first-ever test of its ground-based intercept system. the test occurred just two days after the north korean regime launched its ninth missile this year. the ground-based interceptor launched from california's vandenberg air force base shortly after 12:30 pacific time, a little more th

the angela merkel situation. she is facing elect at the end of this year. so it's politically advantageous for her to separate herself from trump and macron. they are playing to politics. kennedy: i'm continuing my partnership with the party panel because they are returning a little later. first up, portland's mayor wants to cancel an upcoming trump rally. he says the attack on the train could be a their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of. researchers of technologies that one day you will. some call them the best of the best. some call them veterans. we call them our team. mattress firmness? enter sleep number... she likes the bed soft. he's more hardcore. you can both adjust the bed r the best sleep of your life. save $700 on the temperature balancing i8 bed. ends sunday. go to sleepnumber.com for a store near you. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. alwho's the l

the angela merkel situation. she is facing elect at the end of this year. so it's politically advantageous for her to separate herself from trump and macron. they are playing to politics. kennedy: i'm continuing my partnership with the party panel because they are returning a little later. first up, portland's mayor wants to cancel an upcoming trump rally. he says the attack on the train could be a precursor to violence. break through your allergies. try new flonase sensimist allergy relief instead of allergy pills. it delivers a gentle mist experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes erything. thereit comes to technology, about my small business so when i need someone that understands my unique needs. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ ♪ you know w

charles: angela merkel making comments hinting at that lead people to believe this is the end of the western alliance. she underscores the importance of nato but hinted maybe europe has to go it alone. there is an interest in an eu army, if you will. what's at stake with our relationship with nato and western europe? >> the most important thing is the united states really is the bulk of nato, the north atntic treaty organization. in the 20th century it was the united states of america that came to the rescue of europe in world war i and world war ii. the old europeans of western europe should not forget that. but we should forgeries within alliances with the new europe. we just saw the polish prime minister speaking before her parliament recognizing this jihadist infiltration threat that angela merkel has allowed to come into her country and metastasize all across europe. colonel west, thank you very much. president trump just returned home, and he wasted very little time taking to twitter, particularly to talk back at angela merkel. he tweeted, we have a massive trade deficit with g

look, angela merkel is running for re-election as james said. she is under the gun for all the refugees. manchester happened when he was abroad. that puts more pressure on merck kel. creating a straw man in president trump is beneficial to angela merkel right now. it brings the country together. it is us versus him. that is very convenient for her. david: climate change is another one of those issues they're looking for a straw man. president trump is reportedly whether to announce he will pull out of the so-called paris accord on climate change. john tamney hoping he will announce our exit from the accord. he wrote a terrific piece about this in real clear markets. you can look at it online. why, john, why should we withdraw from it? >> we should withdraw from it because it is economy-sapping concept where we allow the glal treatto reduce normal market operationof the marketplace. the other thing, why on earth would trump enter into any treaty by europeans or pressure on them. if you look at nato, they have not lived up to the pledges to fund n

but angela merkel is saying at this hour the united states is no longer reliable. is the world stage set for a battle between the u.s. and former friends, european powerhouse germany? or will this spat eventually fade away? what does it mean to trade and products that your company makes and exports? michael froman the former u.s. trade representative. they have different recollections of the meeting now. >> well, that's right. certainly the message that the europeans heard was that there is a lot of concern about unfair trade practices by germany in particular. here i think the administration has it largely wrong but there is an element that they should be focusing on. they're wrong in that the trade policies of germany are the trade policies of europe. europe is relatively open economy with exceptions of agriculture, if we want to the issues the trump administration should go back to the try to rye negotiate the transatlantic agreement but the bigger issue over the years germany put the brakes on efforts to stimulate the economies in europe, including in germany.

. >> angela merkel's quote europeans must really take our destiny into our own hands. how did the president react to that? and will it have any affect on paris? >> the president believes that europe and other nato countries increase their burden sharing is a very positive thing for their own countries, for nato as a whole, and for the united states to see these individuals heed the call that he has so eloquently put out over the last several -- frankly well over a year. but when you look at the comments that the secretary general made, he recognizes that the president's rhetoric has had an extremely positive effect on the strengthening of nato and other countries stemming up the percent of their own gdp that they're putting toward their common national defense. that benefits everybody. it benefits us, it benefits nato, it benefits themselves. >> will it have any effect on the -- >> obviously what he ultimately decides is up to him. [question off mic] >> i don't think so. i think the president is very pleased with his team, and he has a robust agenda that i just outline

this supposed tiff with angela merkel with germany what they're playing off of. were you know what? there is political believe system angela merkel has with her open border policies i think devastated europe, that will disable her from ever being able to agree with donald trump. so they will play that up tremendously. but look, he took it to nato, you folks owe the american people and taxpayer more. neil: all right. what do you make, erin, of the motion that stylelisticly he kind of rubbed some europeans, some of his fellow leaders the wrong way? does that matter? >> i think we saw peaks and valleys in president trump's presentation abroad. certainly he seemed strong in his speech in saudi arabia. once we saw him conversing with some g7 leaders we saw a little bit of rankling of allies egos, some contentious hand shakes, things like that. >> what was that about, especially with macron? i was going to show him a thing or two i guess squeezing his hand and breaking it. what was that supposed to mean and do? >> macron is looking to stand up to president trump, be something of an anti-t

angela merkel coming out saying europe has to go about it alone. good luck, you rely on the united states for a whole lot and they're concerned about the russians, they'll continue to try to make up for the nato downfall. stuart: angela merkel has backtracked a little this morning and now says the nato alliance is of quote, paramount importance. >> so pay their share, stop taking your nap, get to work, pay a little more in taxes to go to your defense. i think that you guys can make it happen. stuart: you can tell i'm a recovering european, i know you can. now, the white house confirming that communications director has defined. >> that's a tough job to do, took them a long time to fill that position and he wasn't there long, a little over the month. when you have the president taking to twitter on a regular basis, it's good he stayed through foreign trip and obviously on the way that the foreign trip went and the success that they had, he did a good job. >> katie, you're a suitable antidote to the depression that comes to people who read the media

german chancellor angela merkel tempering her comments that europe may not be able to count on others including the united states. president trump just tweeting something about that very thing. we have a massive trade deficit with germany, plus they pay far less than they should on nato and military. very bad for u.s. this will change. the implication for our foreign policy ahead. plus expanding the laptop ban, homeland security john kelly saying all flights to and from the united states maybe included in that ban. and bmw drivers be ware, thousands of vehicles recalled over the risks of doors opening while the cars are in motion the models affected coming up. markets reopening after the long holiday weekend. losses across the board. 26-point loz in dow futures in nasdaq and s&p down as well, 500 and nasdaq composite start today at record highs. in europe you have selling pressure as well. losses across the board in england, france and germany, in asia overnight, two of the two major markets closed for holiday, china and hong kong, both nikkei and kospi changed. bench-clearing brawl,

trish: angela merkel. they are all there standing listening to his speech and he's saying you guys have to pay right to their faces. they agreed to pay it. they agreed to pay it. and to not do so, it's not fair, it's not right. it shows you they don't value nato if they are not willing to support it. steve: what he did at the beginning of the trip, be very, the middle east, the arab countries were worried the u.s. was pulling back. israel was worried about the previous administration. w anlliance is beginning to take form against iran. things are changing. trish: steve forbes, great to see you. have a great memorial day weekend. thank you for joining me the last two nights. louis back tuesday. he's got some very big guests lined up. with donald trump. >> nothing to do with donald trump. trish: that's it for us tonight. my thanks to lou for letting me sit in this spot. i'll see you tomorrow on the intelligence report. good night. kennedy: tonight, president trump scolds nato members for not paying their fai

merkel. barely a slap on the wrist. what do you make of that? >> it seems to me many of the british public, many of the people in mainstream media happy to lend the blame on trump because he seems like such an obvious -- not a politician, what would he know? obviously chaos missing the fact that what trump has inherited is special service, the fbi, the dark forces at work, they are obamas, a hole in the bottom and that is and trump's issue, he didn't make that happen. it happened because of obama and trump is man enough to stand up and say we take accountability, we take responsibility, we will fix this, that is music to my ears because no one in this country is saying we will fix this. we have a massive problem with terrorism come a we are under the highest warning there is, critical, our er departments were put on standby this morning to prepare for patients that haven't been hit yet, we have no one in the uk saying we will fix this. easy for the liberal left to pick on trump to address our

we just saw angela merkel there she is from germany, coming in for that photo we will be waiting for other leaders as they are arriving. >> all right the s&p 500 nasdaq composite closed at fresh records yesterday, with dow 32 points lower record close in march what is next for the market, and while we are taking some video in on g-7 summit let's ask jonathan hoenig, are you back here with us. >> great to be with you yes good morning. >> so where do you he see the market headed right now? >> it is headed up, i mean despite all this -- intrigue world turmoil trend exonerates higher for stocks as i mentioned yesterday all-time highs two of the three major indices and the board of education continues very positive what does that mean in a lot of stocks continue to do well, 300 new 52-week highs yesterday only 100 new loss stocks continue to trend higher until that changes, keep in mind markets tend to move in trends they are not chaotic not crash unexpectedly all one day so trend continues to be higher for stocks, and what is strongest are technology names it used to be you know gms ge's

angela merkel is going to meet with president obama, the two have had very different relationships, what do you meet with obama meet with merkel first? >> they did a presentation earlier this morning which was afternoon in europe around democracy and it's clear that angela merkel has her favorite. we will see what happens between her meeting between her and president trump. remember, the president is going to be walking back, it wasn't too long ago that this president that nato was obsolete, he will have to walk some of that stuff and push nato members to give more money to defend and i think that's add -- admirable point. dagen: one point and statistics on how much we contributed. we consider 3 and a half percent domestic gross product, highest than any member. the target is 2 and only 5 out of the 28 who met that target last year. 5 out of 28. that's kind of sad. maria: he's the only one that brought it up, by the way. >> nato was created in an era of the cold war where united states brought together some eastern european countries to counterbalance russian -- russia and the u.s. autho

first immigration, two years ago germany's angela merkel opened europe's doors to well over a million largely muslim migrants. it was a disaster. europeans detest president trump because he got it right. extreme vetting for anyone that comes to america, keep the bad guys out. over there, they wish they had done the same, don't they? then there's nato, for decades europeans have gotten a free ride in america's cocktails. president trump wants them to pay their way. admitting it means they've been wrong for generations. don't forget terror, president trump calls it what it is. islamic terror and he will move heaven and earth to go get them. of course, america's mainstream media will do its best to make this part of the president's trip a failure, they'll nitpick and look for trouble but anything but admit that our president is getting the big things right. the third hour of varney & company is about to begin. ♪ ♪ stuart: banking news, deutsche bank has been asked if the president's accounts has ties to russia. ashley: donald trump bank account with deutsche have any ties at all to r

let's not forget we were listening in on angela merkel's cell phone. there is stage craft all over the place. we also participate in that. >> all nations do that, and it's obviously up to the country to defend itself properly. one of the things that took place was the dnc was easy for them to get into, the russians tried to hack it and the hackers found the door was open, a little more difficult, apparently, to get into the republican, you know, computers, so they went where the money was, as it were. but for sure, everyone has to defend themselves and defensive capabilities are not as strong as they need to be, offensive capabilities are somewhat strong jeer at the end of the day, this is important to have this investigation because he needs to be cleared, and god forbid there is actually anything wrong here, it's very hard for us to pinpoint all this, because right now it's innuendo and speculation. if there was anything terribly wrong, those people should be brought to justice, it's important to have the discovery process because i, for one as a rep

you may have angela merkel who feels like europe oweses it to migrants, where the people there are saying, hey, we spent a lot of money. we put ourselves at risk and maybe we shouldn't be a fairy godmother on flying carpet? >> people get upset with the flying carpet and stereotypical dynamic, but trying to weave in the notion the european union is a gift. these are things you're entitled to. this is something for everyone. that, conceptually a fairy godmother is in most cultures. this is trying to get everyone to buy into the notion this is something that is good and that it is worthwhile for you. then for a certainly the whole european union it is all a big kumbayah effectively. charles: fairytales we all live happy forever after. the dow selling to the downside, down 244. selling begets selling. breaking key support points. buckle up for the day. >>> irs executives like lois lerner say they fear for their lives. they say it is too dangerous to testify to congress over targeting tea party. imagine that. one of those tea party groups that was targeted responds. ♪ think your large cap eq

dagen: why couldn't it have been angela merkel or the foreign minister from germany? again, it goes back to russia. maria: too much. dagen: if you're going to slip on a banana peel, why can't it be the leaders and officials of another nation and not russia. maria: the whole story about russia that they are in bed together. >> maria, i think -- maria: go ahead. >> i think that's the narrative against him is about his connection to russia and so everything is being spun on that basis. we really don't know what the conversation was about. it's not unusual for the president to share information with our allies or other nations that we have a collective interest in in certain parts of the world. jon: impulsiveness and recklessness is the real problem here. >> do we think that the president of the united states is actually sitting around boasting about the information access. >> yeah, i think we do. >> i think that that is unrealistic view of this president. >> don, a couple of points here. the point number one is this, this president ran on being the law and order candidat

merkel. remember it was merkel who she preferredded and macron thinks he will be instrumental in keeping the european union together. the two have hit it off i'm told. the only difference here is that macron as former investment banker indicated he wants to drastically cut tax rates in his country and encourage french investment which might hurt german investment which might not be simpatico with europe and the union. trying to iron out differences. two establishment candidates. merkel's government over the weekend had a big victory, confirm a trend that goes away from populist. you saw what happened in france. saw what happened in austria. seeing what happens in the netherlands, this populist wave post "brexit," seems shifting away from populist to more establishment candidates. french and german leaders meeting as we speak. more after this. you always pay your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news

he's due to visit the chancellor angela merkel. trade to the global market action overnight. recent highs roughly down just fractionally. hong kong hang seng at three quarters of 1%. shanghai composite down one quarter of 1% in korea's cost the same thing. lauren: europe, many stock markets all-time high. the ftse up seven points in monday's hitting an all-time high. ditto for the german dax up 12 points. cybersecurity stocks in oil prices rallying today. the nasdaq up four weeks in a row paid 5.8%. the dow in the acid he had to drop in and snapped three weeks of gains. right now to have features that 35 points. s&p futures up to. nasdaq futures up one point. lauren: 2.5%. the production cuts could and it could go to $3 a troy ounce. nicole: window and blessed is the driverless -- are. to develop autonomous vehicle technology. reportedly plans to help expand itself driving technology through its taxi service. waymo brings it to the arrangement and operated more than than 300 cities across the u.s. both companies are rivals of grouper, which started testing itself driving vehi

we're not going the way of angela merkel in germany, we're not just going to accept a lot of refugees that we can't vet. i will say, that australia is one of your greatest allies in the work -- in the world, withhe uk, and israe one thing trump has done, that i think that 8 confounds his critics, even when he talks tough, in person he finds a way to forge a personal relationship. for example with xi of china. charles: gina, the charmed offensive has worked, to steve's point, miraculously. and i think there has been a line of folks from both sides of aisle, critics and fans of trump who want to get in meet him. make everyone feel like they came away a winner. charles: quick, steve, today, announced that president trump will go visit saudi arabia, he had nice comments for them in the rose garden, and israel and meeting the pope on the vatican, your thoughts. >> right, on this national day of prayer, he is covering all basis. we need to be a better friend to israel. we were not under the past administration. we can reach out to the palestinians but in the end, israel is our partner for l

in the meantime, angela merkel paying a rare visit to russia. what it means for relations with the country. and it was all about wearing weird clothing at night, -- matt galli. however he just can it be? you will see that turned out it's at the star-studded event. straightahead. ♪ why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. dagen: president trump said to want a phone call with russian president vladimir putin this afternoon. this comes as german chancellor angela me