Skip to main content

tv   Mornings With Maria Bartiromo  FOX Business  May 17, 2019 6:00am-9:00am EDT

6:00 am
as the trade fight with china escalates. we talked about that with wilbur ross yesterday. we were expecting it and we've got the fallout. the fix is in, boeing completes the software update for the 737 max. details on the next steps before the jet is deemed safe to fly. and pinterest plunging, the company reporting a wider loss than expected for the first earnings report after the company's ipo. wall street getting its caffeine fix today, lucken coffee going public. this is the largest offering by a chinese company this year, competes with starbucks. "mornings with maria" begins right now. ♪ i want to dance on the roof. ♪ you and me alone. ♪ i want to touch the ceiling. maria:.maria: we're looking atn
6:01 am
morning this morning. dow futures down 95 points, s&p futures down 11 and the nasdaq futures down 36. this after yesterday's pretty good rally. the dow industrials finishing up 210 points yesterday. global stocks dipping lower over trade fears and that trade nervousness continues working its way through markets. president trump is expected to delay a decision to slap tariffs on imported cars and parts, car parts as early as today, that would be cars from europe and japan. in my interview with commerce secretary wilbur ross yesterday, he hinted that a delay is coming. >> auto tariff decision will be made in the -- on the 18th of may, very shortly now. the president can do any of several things. one, he could impose them on some or all of the countries. he could impose a varying amount. he could decide that we made enough progress in our direct negotiations with the various
6:02 am
automakers abroad. he could decide to let those negotiations continue for up to 180 days. maria: joining me right now is california congressman, house armed services committee member, john garamendi. it's great to see you this morning. >> pleasure to be with you. maria: first, your reaction to what's taken place in terms of the china story. i think initially you along with many colleagues were happy the president pushed back. where are you on this now? >> with regard to iran or china? maria: china. >> the president needs to push back. the president needs to be tough. these tariffs are going to be a problem. they're a problem in my district. i have an agricultural district. the almond industry lost $1.5 billion. the markets are difficult to replace once you've lost them. this is a real problem. but we have to be tough china. china's clearly operating in a -- not in a market economy. in a government controlled economy. that's unfair. right now we have a major issue about chinese taking over the
6:03 am
rail industry in america. legislation up yesterday and our committee, t & i committee basically prohibiting the purchase of chinese-controlled company's rail stock, so transit and so forth. new york, boston, other cities, los angeles have already purchased. we're saying wait a minute, can't do that, unfair competition. maria: this is an important point you raise. the chinese have tried to control a number of the ports across the world. they're setting up military bases across the world, they're setting up military bases on islands that they're putting in place in the south se china sead now the rails. what's behind this? >> the chinese rail company is establishing itself in america. it's wiped out the australian rail industry. they could easily do it in america. they're using a government-controlled company that has heavy subsidies to do
6:04 am
competitive-not competitive pricing, way, way below any other price and they're going to take over the market if we don't do something. what we intend to do is say if a company has extraordinary subsidies, as does crrc, they cannot have any contract that has federal money in it. maria: things are getting heightened with china. >> they could easily wipe out the domestic rail industry in america. these are transit cars, heavy railcars and the like. maria: they want to be number one in every industry. >> that's their strategy. maria: what do we do about this? this is the second largest economy. we thought we were going to get a trade deal done. would it be fine to not have a deal with china? >> well, we're going to have to realize china's a huge economy. it is a may r juror player. maria: it's a -- major player. maria: it's a competitor. >> we want them to play fair. if they think they're in a normal market economy, then they must be. right now, these are government owned or government controlled corporations that receive extraordinary subsidies from the
6:05 am
government. the goal is to dominate and wipe out competition. we have laws. we have the clayton act, the sherman anti-trust act. we need to use those. and in this case we need to simply prohibit any contract that has federal money in it going to chinese companies or any other company that is controlled by dominated by and has serious subsidies from a government such as china. maria: very, very important issue. you and your colleagues are on this, i can see it. let me turn to iran and the issues here. intelligence suggested that the u.s. and iran misread each other according to the wall street journal. the iranian government believing the u.s. planned to attack tehran, prompting preparation for possible counter strikes. this is what the journal is reporting this morning. congressional leaders met for a classified briefing on iran yesterday following the criticism that lawmakers have been kept out of the loop about recent military moves in the middle east. congressman, your reaction to all of this and where do you see this going? >> well, it could go very, very
6:06 am
badly. i actually was part of a classified hearing three days ago. all that i heard would indicate there's nothing new. yes, the area is dangerous. yes, there are troubles there. there's no reason in my mind send an aircraft carrier and marines and b-52 bombers it's a situation that could have turned into a wagging thedog situation. it's dangerous. does the military have the right to defend itself? yes. does the military have the right to go to war with iran? no. maria: the state department was suggesting that there was certain intelligence that suggested that the iranians were ready to attack u.s. interests globally, in other words, embassies, some u.s. interests and even britain did it. it wasn't just the u.s. that said nonessential employees get out of iraq. the u.k. did the same thing yesterday. >> well, i think they're playing good friend to america. actually, the british general that was in iraq, that was running the british program,
6:07 am
military there. said nothing new here. this has always been a troubled area. there were some new things that took place but they're not such that would cause us to go to war. certainly nothing that would cause us to send b-52, the marines and an aircraft carrier. we have over 160 or 7 7 fighter bombers in the a area. we have 7,500 soldiers in iraq now. it is dangerous. and yes, we do have the right to defend ourselves. but be very careful. iran is no pushover. iran is a very significant foe and they're a maligned actor in the area, no doubt about it. can they hurt us? they can really bruise us but we've got to be careful. we could wander into a war. maria: the last time we removed nonessential staff from iraq was right before the iraq war. let me just ask you, can the administration attack iran without getting the permission
6:08 am
from congress? >> let's define attack. we have the right to defend ourselves. so if, for example, those small boats that were in the newspaper, if in fact they really exist, if they were to launch an attack on one of our assets, yes, we could take that boat out and we should. does that mean we could go to war with iran? not without a declaration of war, an authorization to use force from the congress. there is no legal authority existing today for a war with iran. maria: understood. congressman, it's good to see you. >> my pleasure. maria: thanks for joining us this morning. want to turn to pinterest, the stock is plunging ahead of the open this morning after the company posted a weaker and a wider than expected loss in the first quarter. this as starbucks' coffee challenger in china, lucken coffee, is preparing for an ipo in new york. dagen, what's your take this morning. dagen: investors, it seems like they're embracing lucken coffee. i'll get to that in a moment. despite big losses and little
6:09 am
chance of profitability in the short run, meantime, let's look at pinterest. pinterest excluding items like stock-based compensation, posted a net loss of 32-cents a share. analysts were looking for a loss of just 11-cent. what's that done to the stock? it's off about 15% in premarket trading. this stock has done extremely well since the ipo. as of yesterday's close, it is 62% higher than the $19 a share initial public offering price. that's kind of unusual in this market. it's been of course a rough r year for some ipos. pinterest has done exceptionally well so far. but this was clearly a surprise to investors. let's talk about lucken coffee, this is a startup in the country of china. it's the second largest coffee chain in the country after starbucks. it raised in its initial public offering in the u.s. up to $650.8 million. shares priced at the high end of the range, $17 apiece.
6:10 am
this company actually up-sized the share offering to 33 million shares, 3 million more than originally planned. but again, this is a company with losses, short-term very little chance of profitability in the short run. how will it be embraced? uber still suffering, $43 a share is where it's trading now. it went public at 45. that was a bust, maria. back to you. maria: dagen, leap let me ask u this. china was encouraging starbucks on every corner for a long time. do you think lucken has the starbucks recipe. dagen: if you have the backing of the communist government, you probably do. maria: there you go. we're talking china this morning. there's this, boeing 737 max jets closer to returning to service. cheryl casone on that story in headlines now. good morning, cheryl. cheryl: good morning, maria. boeing says it completed a software fix for the 737 max jets. that advances effort to get the planes back in the air.
6:11 am
company said it's conducted more than 360 hours of test flights using that updated software. additional testing from the faa could take months. meanwhile, singapore airlines said it intends to buy 31 max jets after the airline's regional affiliate grounded six of those jets back in march. well, world renowned architect ian pei has died. his career spanned more than five decades. his portfolio of work changed cities around the world. among the most famous works, the glass pyramid in paris and the nation fall gallery of art in washington. he was 102 years old. well, bitcoin's roller coaster ride is continuing. the cryptocurrency trading sharply lower this morning after touching the highest level in 10 months, 7,239 right now, down 7% as you can see on the screen. some traders are saying that the sudden dip could be due to a
6:12 am
combination of profit taking and computer driven trading. bitcoin hit an all-time high of nearly $20,000. that was back in 2017, maria. we talked about it then. we're still talking about it to you day. back to you. maria: what volatility? unbelievable. thank you. coming up, investigating the investigators, attorney general william barr making it clear he wants to get to the bottom of how the russia investigation started, what were the origins of investigating donald trump. his comments coming up. then taco bell hotel, the fast food giant in the hospitality business, we'll take you there, check it out. back in a minute. .♪ i'm going to soak up the sun. ♪ i'm going to tell everyone to lighten up. ♪ ♪ (vo) i know what you're thinking. electric, it's not for you. and, you're probably right.
6:13 am
electric just doesn't have enough range. it will never survive the winter. charging stations? good luck finding one of those. so, maybe an electric car isn't for you after all. or, is it? ♪ not to worry about changing their minds in retirement. you may have always imagined your dream car as something fast. then one day you decide it just needs to be safe enough to get her to college and back. principal. we can help you plan for that.
6:14 am
my ideal cloud? it has to work like air traffic control. it's gotta let new data integrate with data from our existing systems. ♪ ♪ be able to pull from reservation platforms built 20 years ago. and also be able to use apps to book super-personalized trips on shiny new phones from the future. plus, i need freedom to move my workloads wherever, whenever - but manage it all from right here. and that's the cloud i want. simple, right? expect more from your cloud. ibm cloud.
6:15 am
6:16 am
maria: breaking news, john deere earnings are out. lauren laurelauren simonetti wie numbers right now. lauren: we just got deere earnings. earnings per share, missed by a dime. they came in at $3.52 versus the expectation of $3.62. net sales came in at $10.3 billion. revenue, $11.3 billion. now, for farmers out there, it was a wet and it was a cold spring. that impacted the crop, not a good season for them. add insult to injury, the uncertainty regarding a trade potential deal or no deal with china. so what the company says about their outlook is going to impact the stock today. we're hearing now the company saying more cautious for the full year due to, quote, softening conditions in the agricultural sector. i wanted to bring one more point on deere as we go through this report, maria. you have to remember, this is the quarter right before the harvest that they're reporting for when many farmers would ostensibly buy some equipment.
6:17 am
they did cut their guidance for sales and revenue from 7%, they cut it to a gain of 5%. we will watch this stock as it responds to the earnings but a 10-cent miss on the bottom line. maria: and that's really what we want to see in terms of what the companies are saying going forward, the fact that they're cutting sales expectations going forward, you wonder if this has anything to do with the idea that a lot of global ceos expect the economy to slow down at some point later on this year. so we'll be watching that. lauren, thank you. lauren simonetti on earnings this morning. we're going to slip in a short break and then goat our panel. a.i. partnership tell you about, technology giants sony and microsoft are teaming up. we've got the details after this short break. stay with us.
6:18 am
going back to the doctor just for a shot.
6:19 am
with neulasta onpro... ...patients get their day back... ...to be with... ... family... ...or just to sleep in. strong chemo can put you at risk of serious infection. in a key study... ...neulasta reduced the risk of infection from 17%... ...to 1%... ...a 94% decrease. neulasta onpro is designed to deliver... ...neulasta the day after chemo... ...and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome... ...have occurred. report abdominal or shoulder tip pain, trouble breathing... ... or allergic reactions to your doctor right away in patients with sickle cell disorders, serious, sometimes... ...fatal crises can occur. the most common side effect... is bone and muscle ache. ask your doctor... ...about neulasta onpro. pay no more than $5 per dose with copay card.
6:20 am
6:21 am
maria: welcome back. we have a big show this morning, coming up, house intel member, one of the lawmakers briefed at the white house yesterday on the threat of iran, california congressman devin nunes is with me this morning. house judiciary and intel committee member, john ratcliffe is here as well. fox news contributor, donna bill joining us along with former national security intelligence director, john negreponti joining us as well. first investigating the investigators, attorney general william barr giving his first interview since joining the trump administration, he talked about the investigation of the abuse of power by government officials. >> i've been trying to get answers to questions. i've found a lot of the answers are inadequate. i also found that some of the explanations i've gotten don't hang together. so in a sense, i have more questions today than i did when i first started. >> some of what things don't
6:22 am
hang together? >> some of the explanations of what occurred. >> why does a that matter? >> because i think people have to find out what the government was doing during that period. if we're worried about foreign influence for the he very same reason we should be worried about whether government officials abuse their power and put their thumb on the scale. and so i'm not saying that happened but i'm saying that we have to look at a that. maria: joining the conversation this morning, fox business network's dagen mcdowell is in new york, fox news contributor guy benson in d.c. with me along with former senior advisor to the clintons, mark penn. great to see everybody this morning. >> hey, maria. maria: we are finally getting resolution ores on the investig- resolution on the investigation, how it started. your reaction to all of this. >> i thought it was an incredible interview. he said look, i'm not getting the answers toss the obvious
6:23 am
questions, how did this thing get started. we know there are real questions about how this got started and it looks like political bias, it's looked that way for years and the mueller report suggested there never was a foundation in the first place. not a surprise. elves not getting any answers -- he's not getting any answers. maria: it's no surprise as you know to us here on this program. what really is dangerous is the fact that now that we are scrubbing into really what went on, rea we're learning what thei sources and methods are. we know they used informants, wiretapping, even as george papadopoulos told outs, $10,000 in cash, not to mention the dirty dossier. dagen: papadopoulos told you that cash incident was in the middle of 2017, which would -- i was wondering if bob mueller had taken over the investigation at that point. maria: it was bob mueller, it was '17 so it was definitely after bob mueller had taken
6:24 am
over. dagen: andy mccarthy said there is clear evidence, based on public testimony from some people in the intelligence community, that this intelligence investigation really started in 2015, that intelligence agencies overseas running the information through the cia, potentially were looking -- basically targeting the trump campaign. i want to point out this really quickly before you get to guy. this this the new fox news poll that came out. how likely were intelligence agencies in the fbi, how likely was it that they broke the law to investigate trump? a majority of people, 58% think it's at least somewhat likely that the fbi broke the law to investigate th trump campaign. if you ask republicans, it was 77% of republicans thought there was something fishy going on. maria: certainly looks that way. the president declared that he was going to run for the presidency in june of '16 and
6:25 am
then -- i'm sorry, june of '15, june of 2015, and then by the end of the year we have evidence that there could have been spying going on at the end of '15, certainly going into '16 when they started informants reaching out to george papadopoulos. how do you see all this? >> the question is why, what was this predicated upon? that's an open question. in the interview, bill barr said he's not saying one way or the other what he believes happened. whether it was appropriate or inappropriate. he said the answers he's been getting don't quite wash for him. i think that was significant. i was a supporter of the mueller investigation. i'm also a supporter of this barr, durham investigation on top of the inspector general report. there's a separate side of the controversy shrouded in mystery. just as we deserved answers on russia and whether there were ties with trump and what the russians did in 2016, this other
6:26 am
set of issues, we also deserve answers for that and hopefully we're going to get some. maria: when john brennan is running around with his former cia director title and he comes out with donald trump committed treason, you believe it, because he was the former head of the cia. i want to know what brennan was talking about and is he going to see accountability for misleading the american public for three years now? >> well, i think now there is a chance there will be real accountability because the attorney general is standing up and asking the right questions. and it's awfully odd to me that heads of the cia and fbi became talking heads instead of intelligence professionals. and they became political talking heads. >> that's our job. >> right. and it raises the question of whether they always playing politics. it suggests they were. maria: he's still out there, jim comey is still out there doing the town hall on cnn, doing this book tour. i hear he gets $200,000 a speech. he is still with the suggestion
6:27 am
out there that there was collusion and we got the facts from the mueller report, dagen. dagen: i'm dying to know what guy thinks about the comey, brennan now pointing their fingers at one another, about including who wanted to include the dossier in the intelligence assessment. maria: they hadding nothing else. dagen: you're starting to see how quickly do they go after one another publicly, how does this all play out. i find that fascinating. you know what, that would make game of thrones look like downton abbey. maria: this is when it will come to a head when people start turning on each other. what's your reaction to dagen's question? >> the dossier has been a strange piece of all of this. i think that goes to the root of a lot of the controversy here and whoever it was internally that was pushing that the hardest, i don't think any of those guys want to be shown to have been that person. and now i think part of the reason we've seen so much
6:28 am
vitriol, disproportionate vitriol directed at the attorney general is because there are a lot of people with a lot to lose. some of it's because they're mad they didn't get trump on collusion. maria: they wanted the story to be true. >> they wanted it so badly. i think there's fear about barr. he doesn't fear them. maria: he's an honest broker, you're right. that's a good point you bring up. we're going to talk with john ratcliffe coming up. he's seen the redacted and confidential classified information. he's a former federal prosecutor. he's done an excellent job on the investigation. and devin nunes as well, they'll both be here this morning. when we come back, the economy is in focus, highlights from the fox business town hall, capitalism versus socialism. did you check it out? it was hot. nacho fries and an app, taco bell fans can eat and relax, the fast food chain's new hotel, right after this. ♪ you need a little time to wake
6:29 am
up, wake up. ♪ key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. the matters.ar... introducing the all-new 2019 ford ranger, it's the right gear. with a terrain management system for... this. a bash plate for... that. an electronic locking rear differential for... yeah... this. heading to the supermarket? get any truck. heading out here? get the ford ranger. the only adventure gear built ford tough. for people 50 and older colat average risk.ing honey have you seen my glasses? i've always had a knack for finding things...
6:30 am
colon cancer, to be exact. and i find it noninvasively... no need for time off or special prep. it all starts here... you collect your sample, and cologuard uses the dna in your stool to find 92% of colon cancers. you can always count on me to know where to look. oh, i found them! i can do this test now! ask your doctor if cologuard is right for you. covered by medicare and most major insurers.
6:31 am
6:32 am
maria: happy friday, it is may 17th. tariff delay. the white house waiting 6 more months to make a decision on auto tariffs. focused on earnings, near-term demand for commodities like soybeans causing farmers to be nervous about major purchase, the stock is down 3% on the session. take a look the broader averages, down futures down 98 $.98.
6:33 am
that affect futures lower, and gains yesterday, the dow, nasdaq and s&p up for the third day in a row, strong results from walmart and cisco helped lift markets. the s&p was up 25 and the nasdaq up 76 points. in europe this morning markets are lower as our wall street averages. the s&p down 17. cac quarante in paris down 22. the dax index in germany lower by 100 points. in asia markets finished like this mostly lower. the shanghai composite taking a big hit down to a half% on huawei news we told you yesterday, the president doing an executive order to ban huawei technology in the us, shanghai composite reacted to that. markets react to ongoing tension between the us and china. the opioid crisis, 5 more states doing purdue pharma accusing the company of the illegally marketing and selling
6:34 am
opioids and microsoft teaming up with sony on streaming and artificial intelligence, what that could mean for the future of gaming. spend the night at taco bell. the faster giant is opening a hotel, we are looking at a taco themed resort. those stories coming up this morning. capitalism versus socialism, a debate helping frame the 2020 presidential election but we have been discussing all week on foxbusiness, needing a townhall yesterday hosted by charles payne. jackie, how are you? >> reporter: capitalism and socialism proponents clashing during the foxbusiness townhall yesterday. free-market theorists taking on big government advocates in a spirited discussion in front of a live studio audience. we have highlights. >> i think people shouldn't have to put their safety and security at risk to achieve -- >> never in the history of the
6:35 am
world has a socialist model worked. >> 20 years ago china was one of the poorest countries in the world. it used to powerful socialist economic model to do one thing, to grow quickly, to stop the poor and become wealthy. >> that is the example of our lifetime. >> china took on capitalist connotations, can't remember the name of the leader who said let 1000 flowers bloom and the thousand flowers were capitalist enterprises and that is when china started to bloom. have you been teaching kids in our schools? >> for all capitalism's flaws we report on it all the time it is still the best alternative out there. no one and no type of system, our own included has enriched the world to the degree and rescued countries and rebuild war tattered europe and capitalism. >> socialism for me is a
6:36 am
program to democratize the workplace. it should have been done at the beginning of the united states. we are 200 years late but better late than never and that can solve our problem. >> it make more important for everyone to understand what is working and not working not only in this country but in this hemisphere and around the world. we know what is not working and that is socialism. >> an important conversation we will continue to have and a great for him to do it in yesterday. maria: interesting to see how strongly the side even on socialism believe that is the way to go. yesterday and all week on this important topic. joining us to talk about it is senior fellow of the national taxpayers union and forward strategy president, good to see you. your reaction to how this is framing what the presidential election will look like. >> a great debate to have. you heard arguments from folks in favor of socialism,
6:37 am
rewriting history saying it saved economies rather than trashed them. it is interesting to me how much this debate has focused on income any quality. for all of its defects, socialism at its core, what it does is enriches politicians which is why we hear politicians talk a lot about socialism but look at where socialism has played out, venezuela is the perfect example, 90% of the people living in poverty, the average venezuelan has lost 25 pounds in the past year because they don't have enough to eat whereas maduro is fat and happy surrounded by his political allies and that is how socialism plays out. maria: there was a time venezuela was the richest country in latin america. what do you think? >> the harvard harris polls, us america socialism or capitalism, 65% say capitalism but 18-29 a majority say socialism. this is a real problem. they have a different lifestyle
6:38 am
where they go from college to roommates and don't have full responsibility for 10 or 12 years and are falling prey to socialist rhetoric. >> do they not understand it? how is that possible? >> we take for granted. we assume this prosperity is the default setting of america so why not be fairer to some people by having the government get more involved and there would be very serious consequences and we have to make that case aggressively all the time and talk in language young people can understand. you are talking income any quality, people point to that and it is about relative prosperity and i remember the speech, margaret thatcher, former uk premised are had this wonderful speech in the house of commons where she said the people upset with income any quality would rather have people like this, the rich and poor like this rather than this. if everyone was doing better but there was a larger gap and
6:39 am
more prosperity up here they don't want this, they want everyone lower but closer. >> and socialism everyone is equally poor and that is what is driving the crux of this. we came of economic age during the economic recession so our peers felt their prosperity had been delayed and it wasn't their fault. it was the economy's fault, politicians, wall street. now 10 years of that narrative being seated in public policy and what we are seeing in washington dc and we need to unwind that because as neil cavuto said nothing has given prosperity more than free enterprise and that is the story we need to hear. maria: that is why so many people had risen from poverty in the last several years, because of capitalism. >> globally, not the eradication but near eradication of global poverty. we never could have anticipated 30 years ago. maria: america's largest retail, consumers will see higher prices in stores. the cfo commented on that
6:40 am
during the company's earnings call yesterday saying we have mitigation strategies that have been in place for months but increased tariffs will increase prices for customers. dagan is in new york and looked at this a lot in terms of the impact of these tariffs and now we are actually hearing from companies addressing it and no surprise, you will see higher prices for things we buy, every day things. dagen: potentially inflationary and that puts us in a situation where if the economy slowed and it would have to be tariffs on every dollar of imports coming into the united states from china for it to have significant impact on economic growth. nevertheless you put the federal reserve in a position where they are not going to ride to the rescue if the economy slows because they have to sit back and see what the inflationary impact of these
6:41 am
tariffs are. they are not going to be there to prop up this economy as we get a year and a half away from the presidential election. that is why you see this delay on the auto tariffs. they would be better off saying we are not going to hit europe with auto tariffs. we are not picking that fight. they didn't do that but that adds to the uncertainty. we have to wait around for how many months to wait and see if they hit? the automakers, huge job creators. maria: the president likes to say the tariff revenue has been positive and contributed to economic growth but how far can you push with leverage? i understand the leverage he needs for the chinese because we don't have a lot of tools to stop the behavior of constant theft but steel and auto tariffs and other tariffs like mexico and canada which will be decided soon, they might have to lift those tariffs.
6:42 am
with your reaction? >> the president has chronically misstated the impact of tariffs. they are not paid by chinese in the us conference, they are taxes being paid at the border by american consumers. larry kudlow admitted this week this -- americans are feeling the impact and we see this in walmart's impact. the question is what this does to economic growth the long-term. what dagan said about eu auto tariffs, these are drawn out because it creates an environment in which the president feels he has the most amount of leverage and will play out with us versus china and the eu will hangout as long as we don't have resolution. dagen: donald trump needs to stop bragging about the tariff revenue because you have a republican president bragging about putting taxes on americans and i don't think that plays out well because the american people are smart. once they start seeing it may be a year from now that is not going to play well. maria: let's not forget the
6:43 am
chinese have been getting $500 billion more in terms of the trade situation. i know you are not happy with these tariffs but what else did he have? what leverage point did he have to get the chinese to the table to actually start making changes here? >> we have to be careful whether companies are pushing this as an excuse to raise prices and i think when you look at the net effect of these tariffs china loses if people don't buy chinese goods. they lose jobs. their stock market is down far more than hours. they are hurting from this. donald trump had to bring them to the table. we may have to bear some costs but the benefits of a deal far outweigh -- maria: i agree. if they force the transfer of technology they will continue with theft. we haven't discussed the national security risk in terms of china. this is not just a trade story. it is national security, what china is doing with its
6:44 am
military and using its economic strength toward its military in hopes of being dominant across the globe with its military. you want to jump in? >> i would be more open if he wasn't picking fights with allies on tariffs which is foolish. maria: he said he has to put tariffs everywhere otherwise there will be openings were countries will get aluminum to canada or wherever you don't have tariffs. >> or if we had the tpp where we had 12 other countries aligned against china we would have more to negotiate with than just tariffs. >> the tpp argument is a good one because if we were in tpp may be we would have position against china. thanks for joining us. donald trump just tweeted about the border and here's what he
6:45 am
said. democrats now realize there is a national emergency at the border and if we work together it can be immediately fixed. we need democrat votes and all will be well. we will see if he gets those vote on his immigration plan lindsey graham's plan because so far we are not seeing any support from the dems. coming up, gaming powerhouse sony and microsoft team up on game, streaming and ai. details after this. can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you.
6:46 am
dear tech, you've been making headlines. smart tech is everywhere. but is that enough? i need tech that understands my business. i need tech that works at scale. dear tech, dear tech, dear tech, we're using ibm blockchain to help make sure food stays fresh. we're exploring quantum to develop next generation energy. we're using ai to help create more accessible health care. we're using iot to create new kinds of digital wallets. let's see some more headlines about that. let's expect more from technology. let's put smart to work.
6:47 am
it's a revolution in sleep. the sleep number 360 smart bed is on sale now during our memorial day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to hit the ground running. only at a sleep number store. during the memorial day sale, save $1000 on the new queen sleep number 360 special edition smart bed, now only $1,799. only for a limited time. sleep number. proven, quality sleep.
6:48 am
maria: the opioid crisis in america, new lawsuits against
6:49 am
the maker of oxycontin. >> 5 more states joined the wave of lawsuits against purdue, kansas, maryland, wisconsin and 39 other states accusing the company of illegally marketing and selling opioids. they say purdue made false and deceptive claims but opioids including oxycontin are safe for relieving pain. the new lawsuit is called misleading. shares of sony up to and a half%, they are saying they are teaming up with rival microsoft. they will use microsoft cloud services for streaming games, two companies developing new image sensors using microsoft's artificial intelligence technology. all this is happening, a $1 billion share buyback and there is this. you can eat and sleep taco bell all day all night. the fast food giant is opening a hotel in palm springs,
6:50 am
california. the hotel gift shop stalking exclusive apparel and gear like floatys for the pool. unique nail art and hair braids, and the taco bell hotel, mouth -- at least it is in palm springs. maria: they only sell taco bell food? >> yes, just for a limited time obviously. but you got to love taco bell but a lot of people do. maria: thank you. scary moment for one fighter pilot. and if 16 crashing into a warehouse. jobs in america. ivanka trump creating jobs for the american worker. we talk about it when we come back. ♪ born in the usa ♪ a little mad dog ♪ new york to la
6:51 am
♪ woow! yeahhh! there we go! this memorial day, start your summer off right in a new chevrolet. oh, wow!! it's time to upgrade. you guys out did yourselves there. i'm gonna go and get a chevy. an exciting summer begins at your chevy dealer. and now, during the chevy memorial day sales event, get 0% financing for 72 months on these select chevy models. or current gm owners can get thirty two fifty total cash allowance on this colorado. find new roads at your local chevy dealer.
6:52 am
at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond.
6:53 am
6:54 am
maria: donald trump tweeting on the border, border patrol is apprehending record numbers of people at the southern border. the bad hombres being detained and sent home. those we release under the catch and release loophole are being registered and will be removed later. all people illegally coming into the united states now will be moved from our country at a later date as we build up our removal forces and as the laws are changed. do not make result too comfortable, you will be leaving soon, rights the president. we will get into the president's plans for immigration and lindsey graham's plan coming up. headlines across america, los
6:55 am
angeles times reporting f-16 military fighter jet crashes into a building in riverside county. the jet what is on its way back to the march air reserve based in moreno valley after a routine training mission when it's hydraulic's failed and it's pilot ejected. the pilot coming down on the 213 freeway, 12 minor injuries reported. salesforce ceo pledges to trade 1 million workers during ivanka trump's visit and committed to train 500,000 american workers for jobs in the salesforce ecosystem upping the ante to 1 million workers during the trailblazer day. created to celebrate influential employees in the cleveland plain dealer says a pop-up by coming to cleveland, first you want and then you hunt and then you eat, players will get 2 hours of ultimately catching them all, to build up an appetite for pokémon beggars and themed cocktails comprises we handed out for game winners and that is best costume.
6:56 am
a lot of good stories there. when you look at the training this is important. when you look at china and its advantage in terms of ai and learning and block chain which they want to be number one in, we are not training our students for these industries in the future. what are we going to do when we look at these important issues and also remember in the us secondary school, we are number 35, 35. >> the new economy has to go to every corner of america, essential element in terms of people having jobs uniformly across the country because obviously they didn't have the kind of jobs in the midwest they really need and stopping this disparity and bringing the country together between what i call silicon valley voters and all economy voters fighting each other because they don't have proper training.
6:57 am
maria: the president put this out, will democrats give the country a badly needed immigration win before the election? good chance, rights the president. we took the show to the border a couple weeks ago. what i saw was stunning. we will see if two sides can get together on something this year. you don't think it is happening. amazon's big investment is next, we will be right back. in the transportation industry without knowing firsthand the unique challenges in that sector. coming out here, seeing the infrastructure firsthand, talking with the people behind the numbers creates a different picture. once i know what a business is truly worth, we can make better informed investment decisions. that's why i go beyond the numbers. ♪ . . .
6:58 am
6:59 am
7:00 am
maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is friday, may 17th. your top stories right now, 7:0. tariff delay, the white house set to wait six more months to make a decision on auto tariffs, as the trade fight with china escalates. we've got the fallout this morning. markets will open lower this morning, take a look at futures, indicating a decline of 1 s 0 10 points on the dow jones, nasdaq down 45. this comes after gains across the board yesterday for stocks. the dow industrials at 4:00 yesterday, up almost 1%.
7:01 am
we have a negative tone across the world. european indices are down fractionally, fq100 down 21 points, cac in paris down 2 a 5, half as percent, and the dax index in germany, down 101 points. in asia overnight, markets finished like this. it was down across the board. this was really the first opportunity for investors to react to the huawei ban. shanghai composite in china down 2.5%. deere stock is under pressure this morning on earnings and its guidance, stock down 3 and three quarters percent after the company cut the full year guidance. biden is in the lead. new fox news poll shows joe biden at the top of the democratic race and leading the president in a head to head race in a new poll. we will get into it this morning. the pga championship, brooks kopa off to a record-setting start. 'we've got the highlights coming up. coming up, california congressman devin nunes is here this morning along with former
7:02 am
dnc chair, donna brazile joining me, along with former deputy secretary of state, john john negreponte. varnewe kick off this hour withs top story, global stocks are dropping over trade fears. president trump expected to delay a decision to slap tariffs on imported cars and parts. it could help ease trade teg other unitenegligencenegotiatiod japan. john ratcliffe joins us now. first, let's talk china and the tariffs for a second. i want to get into immigration, investigating the investigators, but your reaction to what we're seeing in terms of this deepening fight with china and this idea that tariffs have been really his only leverage point to get china to come to the table to stop stealing.
7:03 am
>> right. i think the president's taken an aggressive approach with respect to china and i think it's about time. i think the president would tell you if not now, when. we've been obviously had half a trillion dollar trade deficit with china for a long time that both republican and democratic presidents haveic north. ic -- have ignored. the president used tariffs to his advantage to punish china for their unfair trade practices. i think the most important thing is, it's clearly working. last month dollar denominated exports out of china dropped by 21% versus the comparison to the same month last year. it's killing the chinese economy. it's creating leverage to get a better trade deal. maria: you wonder how much pain china can take. auto sales were down i believe 17% in the last reading. so how much more pain can china take before it starts agreeing to change its behavior? i don't know. because it's a culture, right?
7:04 am
i mean, stealing intellectual property has been cultural for the chinese. they don't think anything about patents. >> they don't. what you saw last week was a new strategy. so you saw what we thought was an impending trade deal with china and that talks were going well and you saw china walk away. i think china is doing two things. one, i think they're testing the president's resolve. more particularly, they're trying to see if some democrats and some republicans will accomplish what the chinese haven't been able to, which is to get the president to back off. a lot of folks are not happy because it's causing short-term pain to u.s. consumers and businesses that have to buy those chinese products at higher prices. so i think china's really trying to see whether or not the president will buckle to domestic pressures to back off of this tariff strategy, that's very clearly working. i don't think that he's going to. maria: i agree with you. i don't think he's going to buckle at all. good story in the journal this morning, cover of the b section, pressure on huawei strings
7:05 am
suppliers. huawei buys components from qualcomm, intel, nvidia, apple, they'll see an impact from the ban on huawei telecom. you're from a border state, texas. i want to ask about immigration. president trump unveiling a new immigration proposal yesterday which uses a merit-based point system. what's your reaction to what you heard from the president on immigration yesterday? >> i was really pleased. i think the president's plan is simple but sound. i think what's most important is the president even before he said the first word in the rose garden yesterday is very clearly winning on this issue. you and i have been talking for months about this crisis at the border and we heard some democrats and some in the media call it a manufactured crisis and in fact mock the president for using those terms. so i thought it was interesting that yesterday nancy pelosi did a complete 180 and said gosh, we've never not called it a crisis and we recognize there is a crisis.
7:06 am
i think that's real progress there. so hopefully now democrats will work with the president on this really important issue. look, part one of the president's plan, border security. he talked about the 400 miles of wall a that will be built by this time next year. and having 100% operationalal control. but the other big part of it as you know is fixing the broken immigration system, our laws, particularly asylum laws that are the magnet that are creating this crisis at the border right now. the president laid out a plan that will address reversing what we've done which is bring people into this country based on familial connections and random factors as opposed to those on a skills-based, merit-based progress that will really drive the economy forward. so the president wants to do that. the only question is will congress help him. congress should help him. i'm skeptical that congress will help him. for some democrats, the problem is more valuable than the solution. they want complai to complain te
7:07 am
president is separating children from families at the border. they don't want to give the president a win on this issue. hopefully they put the american people's interest first and we can move forward on this. maria: at this point we've seen the pictures. i went to the border. what i saw with children, it was stunning. it's incredible the position these kids are put in. now it's hard to ignore it. i'm glad you mentioned nancy pelosi because we have that. let's take a look at what nancy pelosi said a while back and what she said yesterday. here she is. >> the president's manufactured crisis. president trump must stop holding the american people hostage, must stop manufacturing a crie crisis. there is a humanitarian crisis at the border. he yes, it is a crisis. we always said it gets to be more of a humanitarian crisis. maria: well, she said she never said it but we just got it on tape. in january, she said stop manufacturing a crisis. why are they playing politics
7:08 am
with such important issues? look, are you willing to vote for an immigration reform package this year? >> absolutely. maria: you are. you don't think your colleagues are. >> i don't. maria: on the left. >> you saw that, that as much as that video clip i'm sure will warm the president's heart because she was caught with some patently false statements this week compared to what she and her colleagues have been saying but the question is will they put the interest of the american people first, will they solve the problem that they say they want to solve. they clearly have a president that is extending an olive branch to get this done. but i do remain skeptical that with the 2020 election there and donald trump and republicans solving the immigration problem, that's just a win. i don't think some democrats are willing to allow it. maria: the other thing they're not willing to admit is what happened during the 2016 election which you and your colleagues did such a good job
7:09 am
exposing the fraud s's ters and exposing the truth. william barr spoke to fox news, saying the public must know if officials, quote, put their thumb on the scale in the russia probe, something i've been saying for a long time, by the way. congressman, tell us how you believe barr is handling this investigation into the origins of the investigation into donald trump. that's what we want to know. why did they spread this idea that donald trump was colluding with the russians, how did this start? >> maria, you've been doing great work on this. i appreciate the kind words. it's nice to finally have someone at the head of the justice department a that really does want answer toss the suspect origins of how all of this started. i cannot give enough credit to the approach that al attorney gl barr is taking to this issue, from the tran trans transparench he allowed the mueller report to be seen by everybody in the country, something he didn't
7:10 am
have to do, to the decisions he made this week by appointing john durham, an experienced prosecutor to look specifically at these issues. i worked with john durham on a discreate issue during the cia interrogation investigation back in 2010 and 2011. maria: so you know him. >> i know him well. and he is someone that is imminently fair but most importantly he's someone that is driven by results, not by political motivations. he's received praise from republicans and democrats for his work. so that's just another good decision by bill barr in terms of how we're going to get the answers to these questions that many of us had been asking the questions for. the answers are there. you i really appreciate his approach in putting it together and i know at the end of the day it's all about accountability. you i feel really good that that will come. maria: one of the reasons that i knew this was hogwash, collusion, and i said it so much, is because people like yourself, you saw the classified documents.
7:11 am
you saw a lot of the unredacted materials. so you knew what had happened and you knew that there were conflicts in testimonies, whether it be comey versus others. tell us what you saw and what is the most damning evidence here. >> well, so some of those documents that i've seen, those classified documents, i still can't talk about. but i'm glad that, again, there's an attorney general who is approaching this process in a way that you is still allowing that information to come to right. there was a remarkable development this week. remember on sunday on your program, you and i talked about john brennan and the fact that he briefed then democratic senator harry reid on the dossier in august of 2016 and subsequently denied that the same steele dossier was part of the intelligence community assessment. this week he changed his testimony and said that, yeah, it was used but it wasn't my idea. its was because jim comey wanted to use it. that's inconsistent with what jim comey has said in classified
7:12 am
documents. so my experience, maria, is as a former prosecutor, when co-defendants go from saying we didn't do anything wrong to, well, i didn't do anything wrong but i don't know about him, jim comey and john brennan aren't co-defendants at this point but the principle is the same. the stories aren't adding up and i think they're starting to look out for themselves and turn on each other because at the end of the day, you can't justify that the actions were taken. very clearly, what bill barr is saying is it's beyond dispute that the obama administration used surveillance tools or spying on the opposition party. the trump campaign. the question is did they just use those tools or did they abuse those tools? i'm telling your viewers that we have an attorney general who is committed to priority number one, restoring faith and trust in the justice system. the only way to do that is to hold people accountable if they put their fingers on the l scale. maria: for those people who are questioning this, i don't think
7:13 am
there's any coincidence that there are now three investigations into this. you've got john durham, the a.g., obviously appointing john durham, you've got the i.g. report, michael horowitz and lindsey graham will do a deep dive on the fisa abuse. what are you expecting from the r horowitz report, michael horowitz from the i.g. >> i spoke to him to get an update in terms of timing. he didn't share content with me. one of the few members that has seen every fisa document and making sure, again, bill barr wants to make sure that inspector general horowitz has all the information he needs. i'm expecting him to find there were problems with the application and the renewals in the fisa. i expect him to recommend reforms. there are documents that i have seen that really can not allow for any other conclusion. i will just tell you that i'll be shocked if he does not find that jim comey's fbi and loretta lynch's department of justice did not use the fisa process
7:14 am
properly and will recommend reforms to make sure that doesn't happen again. maria: and maybe criminal referrals. >> maybe. maria: congressman, good to see you. thank you for your leadership. congressman john ratcliffe. we'll be right back. it's not small. but it's not just big either. it's the kind of big where you'll never have to ask, "should i scooch up?" it's big that looks at a sunroof and wonders why it can't just be most of the roof.
7:15 am
it's big that's better because we built it that way. the spacious, 121 cubic feet of cargo space ford expedition. the spacious, 121 cubic feet of cargo space the doctor's office might mejust for a shot.o but why go back there when you can stay home with neulasta® onpro? strong chemo can put you at risk of serious infection. in a key study neulasta® reduced the risk of infection from 17% to 1% a 94% decrease. neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. neulasta® is for certain cancer patients receiving strong chemotherapy. do not take neulasta® if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders,
7:16 am
serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. if you'd rather be home ask your doctor about neulasta® onpro. pay no more than $5 per dose with copay card.
7:17 am
maria: welcome back. president trump just putting out two more tweets. he said this, drain the swamp and make america great again. write t's president this morning. obviously in a good mood as he tweets a lot today about immigration and his plan questioning whether or not the democrats are going to support that plan. meanwhile, shares of deere company tumbling this morning, the company cut its guidance. cheryl casone in new york with headlines now. cheryl: still getting numbers in this morning. deere's latest profit fell 6% from a year ago, the stock is down more than 4% right now and they cut their full year outlook for profit and equipment sales due in part to higher production costs. deere's ceo says farmers are becoming more cautious about
7:18 am
making major purchases amid concerns about trade disputes around the world. okay. amazon investing in british food delivery company, deliver-roo. they raised $575 million in a recent funding round from investors, that was led by amazon. not clear exactly how many amazon put in or how large a stake they acquired. we can take a look at amazon in the premarket, down almost three quarters of a percent right now. well, britain could have a new prime minister by the end of the year. theresa may now agreeing to announce a timetable for her resignation. members of the conservative party threatened her with a leadership challenge if she didn't step down. she holds off until after next month's vote on britain exiting the e.u. those are your headlines from new york. maria, back to you. maria: joining the conversation this morning in new york, dagen mcdowell as always, down hall.com political editor and fox news contributor guy benton
7:19 am
here in d.c. along with matt s hlapp. what's on your mind this morning? >> i'm so happy to be here. maria: okay. >> i didn't have to come at 6:00. >> how do i get his gig. maria: we're talking about china, we're talking about iran, huawei, big issues on the table, not to mention the president's immigration plan yesterday. dagen, were you going to jump in. dagen: i was going to say to matt, because he was tweeting about that last night, when you're on with two women who get up at 2:00 in the morning for years, don't complain about how early it is. >> that's right. maria: the immigration plan yesterday your reaction to what the president said. >> i was lucky enough to be there yesterday. maria: i saw that. >> i think that the critical thing on immigration is the president has won this argument on whether or not there's a humanitarian crisis. you were pointing it out in the last interview. all the polls show that the american people are troubled by
7:20 am
what's going on at the southern border. we've had people die. we have more people coming into this country illegally than legally. we have an illegal immigration system more than we have a legal immigration system. and the president's able to reset the tone, reset the terms of the conversation which i think will -- the american people want us to have a responsible approach and i think he hit the mark. maria: there were 50:40:00 apprehensions since -- 504,000 apprehensions since november. when is was speaking to border agents on the ground, people were crossing from mexico, it was incredible. the president says this, my campaign for president was conclusively spied on, nothing like this has ever happened in american politics, a really bad situation, treason means long jail sentences and this was treason. woulwow, big words comingfrom t. we know john brennan was out on
7:21 am
cnn and msnbc, saying the president committed treason. coming up, 2020 vision, the democratic presidential field swelling to 23 declared candidates, what americans think, next up. my dream car. it turns out, they want me to start next month. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that .
7:22 am
7:23 am
7:24 am
maria: welcome back. so joe biden is topping the democratic field. the new fox news poll shows he has a strong lead over the competition. his support is at 35% right now. second behind him is bernie sanders. sanders is at 17% and then everybody drops from there as you can see. joining us right now to talk more about that is the former dnc chairwoman, donna brazile. it's great to see you. what do you think, joe biden beating out everybody? is he going to be the candidate?
7:25 am
>> i don't know. it's still early. every day i add to this list 6789 it's getting so long i. i've got to borrow paper from my friends. joe biden's been in the race less than 30 days. he's already topping the field. he has broad name recognition, he has strong support. but the question is, can he sit on his lead. will he have to compete with bernie, kamala, elizabeth, i could go on and on. this is impressive because many people thought that joe biden would come into the race and just sort of like drop, but instead he's in the race and he's still rising. maria: i really liked -- dagen, jump in. i liked kamala harris' response when she was asked about whether she was going to be joe biden's running mate she said speaking of running mates, he could be a good vice president, he knows the job and has experience in the job. it was a great answer. dagen: it was. i want to know what you think. it's clearly joe biden running away with this at the moment.
7:26 am
then it's bernie sanders in the l polls. i think in third right now, you've seen elizabeth warren moving up a little bit. and then it's kamala and pete buttigieg. why is elizabeth warren maybe connecting with some people who are being polled? >> i think for several reasons. first of all, she's putting up policy papers just about every hour and secondly, she's one of these candidates that's just steady. i mean, she's steady on her feet. she's steady in terms of her messaging and she understands that in the lane she is possibly running in, there are at least two or three other candidates that she's got to continue to move to the sideline or to the curb. of course, benny sanders is -- bernie sanders is leading in that lane. maria: what's the lane, the socialist lane? >> no, it's the progressive lane. it's the lane where you have candidates -- remember, there's only oneself-identified or labeled socialist, that's bernie sanders. she's a progressive.
7:27 am
she's able like joe biden to walk into a union hall. she can -- you've seen her in town hall meetings in appalachia. she can connect with ordinary voters. i think she has a long way to go because she's not as well-known as joe biden or bernie sanders but she's steady. dagen: i want to add something really quickly. she also had a moment that went viral early in the week when she was grilling the head of the occ about oversight of wells fargo. it was a natural moment of her breaking bad on the head of the occ, unlike beto o'rourke going to get his haircut which meansing in to the american people other than embarrassment for his family. maria: when she criticizes the rules out there and says that the banks are taking advantage and she's going to be strong on them. i remember -- well, were you running the consumer protection agency, so like doesn't that make her vulnerable? here are you are complaining about the rules and that the banks are not following the rules and she will be tough on them. was she tough on they'll for the
7:28 am
consumer protection agency? how come nothing has changed? >> i think when you're in charge of writing the rules it's one thing. when you're in charge of the oversight of those who are now implementing the policies that she put in place -- look, i think she's able to talk to voters about some of the insecurities they feel right now in terms of their ability to pay their bills and to make ends meet. elizabeth warren still has a long way to go just like joe biden in keeping the lead, but i think she has a terrific campaign because she's talking about the things that most people care about. >> i think donna's talking about tone. i think the bernie sanders, elizabeth warren, it is a very try dent, angry -- strident, angry tone. they have the same policies, open borders, not gun control, gun confiscation, green new deal, get rid of tax cuts. maria: medicare for all. >> double or triple the price of gasoline, prices to heat and cool your home, these are the
7:29 am
cookie cutter policies. the question is, what person do they want mouthing them. maria: what do you think? >> from the democratic side, we look at this as an opportunity to lower prescription drugs, raise the wage and to make sure -- donald trump, you've seen the polls. many of those numbers head to head contests, mr. trump is behind some of these democrats. i think because the american people have an appetite for change and elizabeth warren, like bernie sanders and kamala harris, i've got to mention these names, they're going to try to provide some of the reef that donald trump has not yet. >> i'm not sure they want change when it looks like outlawing private insurance for example, when it comes to healthcare. 180 million people, the vast who are satisfied. maria: get insurance through private insurance. >> that's only one aspect of this. medicare for america, there's medicare plus, there's single payer. if you look at the democratic party proposal, these are proposals, these are ideas,
7:30 am
they're very interesting. they're intriguing. some of them are too expensive. some won't go far enough. it's important to look at the conversation, listen to it, and see if these proposals will actually -- >> one question for you on buy deb. obviously he's in a good position. there have been some reports that his campaign is going sort of into prevent defense, saying let's hang onto the lead and ride this out. that seems insanely premature. >> here's the problem. one of the reasons why barack obama did so well in defeating hillary clinton in 2008 is because he was able to enlarge the electorate. he brought more people to the table. biden's going to have to do the same thing. maria: does biden have a problem with china? remember a couple weeks ago he said china's not our competitor, they're not going to beat us. look at where we are, look at the espionage r, look at the theft of intellectual property. there are reports that his son
7:31 am
got $1.5 billion from the chinese government for his equity firm. >> that's news to me, $1.5 billion. tomorrow, the next day, the day after, joe biden will have to come out with policies, with his vision. what thing we haven't heard is where he stands on important issues. we hear he has a better plan on the green new deal, a better plan on healthcare. we need to hear that. maria: peter sh whitesser reported that hunter biden traveled to beijing and was given $1.5 billion from the chinese banks. >> we heard other stuff about ukraine and the ukraine government. maria: that too. >> that's not true. joe biden knows there's an oppositional research file on him. he's going to address all these issues. the good news in the early poll, it looks like he has a strong base to begin with. maria: he's sucking up all the money too, doing a great fund racing job. thank you for joining us. u.s. and iran relations and new tensions, new intelligence
7:32 am
suggests the two countries misread one another. the tensions have risen quite a bit. we've got details. changes at nissan, the man who replaced carlos ghosn as ceo is staying on, the face of nissan's board is changing. back in a minute. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.
7:33 am
7:34 am
no matter what you trade, at fidelity thyou had a good run, but it's time to sell or trade it in, and you need to know what it's worth. with truecar, just enter your license plate and see your car's value in real time. sports package and low mileage? nice. incident with a shopping cart... not so nice. sunroof? real nice. within minutes, you'll have a true cash offer and you can head to a local certified dealership to cash out or trade in. enjoy a better way to sell or trade in your car with truecar.
7:35 am
why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. we're the tenney's and we're usaa members for life. call usaa to start saving on insurance today. maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. coming to you live this morning from washington, d.c. happy friday. it is friday, may 17th. your top stories right now, 7:3. a tariff delay, the white house set to wait six more months to make a decision on auto tariff as the trade fight with china escalates. more on the fallout coming up this morning. markets are lower, take a look at futures right now, we are expecting a decline of 1 a 57 points out of the gate this morning for the dow industrials, down two-thirds of 1%. the s&p 500 down 18. the nasdaq futures down 60 points, three quarters of 1% on the nasdaq futures. yesterday pretty good day for marchs gets, in fact.
7:36 am
the dow finishing near the highs of the day with gain on the session of 214 points, the s&p was up 25, the nasdaq was up 76 points yesterday. strong results from walmart and cisco among the issues and propellers for the markets yesterday. both stocks did very well. in europe this morning, different story. take a look at the european indices, down across the board. this is the low of the morning for european indices, fq100 down 31 points, cac in paris down 33, the dax index down 125 points. in asia overnight, not much better. the shanghai composite down 2.5% in china. markets are reacting to the ongoing tensions between the u.s. and china. president trump's move to ban huawei from the u.s., investors reabilitying to that yesterday. nissan's ceo is staying, carlos ghosn's protege reappointed. what it means for the automaker's future as carlos ghosn is out on bail in tokyo.
7:37 am
the pga championship, fans keep a close eye on tiger woods. we've got highlights. game of thrones sick-out, fans staying up for the finale sunday night might not show up to work on monday morning. plus, betting big in vegas on the iron throne. all though stories coming up. rising tension with iran, intelligence suggests the u.s. and iran misread one another. the iranian government prepared itself for possible counter strikes. congressional leaders receiving a classified briefing yesterday after some raised concerns they were being kept out of the loop. there was intelligence that apparently showed that iran did want to attack u.s. interest across the globe. joining me right now is former u.s. am a bass door t ambassadod
7:38 am
nations, former deputy secretary of state, ambassador john negreponte. thank you for join us. first on the iran threat. let me start there. this is nothing new. we had these tensions, what, for 40 years. but is there reason to be concerned that we're closer to a real provocation, war. this is a first time the u.s. has asked nonessentials -- nonessential people to leave iraq since the iraq war happened. >> right. and i found that quite surprising, frankly, with such an important post with so many people stationed there. i wondered about that decision. i agree with you, that the change -- there hasn't been that much of a change in iran's behavior. it's the same problem we've been facing for a number of years. so i think it's good that people are taking a pause to look at what the intelligence had to say. i noticed that the president
7:39 am
himself injected a note of caution, saying he doesn't want a war with iran which would be in nobody's interest. maria: for sure. we want to talk about immigration, especially since you were at two embassies with the largest number of immigrants, that is mexico and the philippines. first, let me get into tariffs. the trump administration is saying that a deal on steel and aluminum tariffs with mexico and canada is close. the move would mark a major step toward approval of the new nafta, that is usmca. in my interview with commerce secretary wilbur ross yesterday here we spoke about these negotiations. watch this. >> we're in negotiations with mexico and canada. there are plenty of ways that we could do it, other than the exact one that we had. what the president is not prepared to do is just give back all the benefits to american steel and american aluminum. as you know, it's one of the great success stories of the administration. maria: look, the canadians do not want these tariffs in place
7:40 am
on l steel and aluminum. a lot of people in congress say we don't want -- we want these tariffs lifted. will the president have to do something like that, do a deal sooner rather than later in order to get his usmca passed? >> i think so. i'm hopeful that he will. because this is just such a huge economic relationship. more than a trillion dollars worth of trade. i think he's behaved in a way that he considers the u.s., canada, mexico economic relationship a very important one. he's never wanted to throw the agreement completely over the side. he's always resisted that temptation. i think it's time and i'm hopeful that before the end of this year the usmca as they now call it will be approved. maria: you think it will be codified? you think if it comes to the floor -- nancy pelosi has refused to bring it to the floor yet but we'll see. >> i mean, i've heard -- maria: once it comes to the floor, people think it will pass. >> when the administration chooses to send it up, so --
7:41 am
maria: let's talk about immigration. maybe a little harder to see some legislation actually pass. the president unveiled a merit-based proposal yesterday. listen to this, got to get your reaction. >> our proposal is pro-american, pro-immigrant, and pro-worker. it's just common sense. and we want immigrants coming in, we cherish the open door that we want to create for our country but a big proportion of those immigrants must come in through merit and skill. maria: your reaction to the president's plans a and whether or not we are going to see some resolution on many immigration n immigration reform. >> i'm skeptical. i understand the motivation. i think it's highly desirable to get as many talented and killed people as we can through our immigration system. but the system has for decades been a family reunion based
7:42 am
system, some 6 65, 70% of all legal immigrants in the united states have family ties in this country. there's something like 40, 45 million foreign-born people in this country who want to bring their close relatives to the united states, parents, siblings, children over the age of 21, and those people have been given priority all these years. if you tried to reduce that you're going to get a backlash from foreign born american citizens who are trying to get the relatives into the country. that's a hard political pressure to overcome. maria: 70% of the illegals are coming from central america, honduras, guatemala, el salvador. we took the show to the border a couple weeks ago. the kids were just hard to take, it was so horrible to see these innocent children being put in these incredible situations because there is a renting of children program going on in central america where the border
7:43 am
patrol agents told me that women are renting their kids for $140 and smugglers are coming in with kids, making believe they're families. you say there's all these familiafamilies. some of these families are not, they rented the kids and they get over the border and they send the kids back and do it again. >> i'm talking about families worldwide, whether it's philippines, chinese, koreans, all the large immigrants, indians from the indian subcontinent. i think the problem in central america is different. i think that has to be dealt with. it's got be dealt with by going at the root causes. central america is a mess. the northern tier. because of these criminal gangs and this is not the time to be cutting off american assistance to central america to improve the economic conditions. i think we've got to do something about the terrible economic conditions in guatemala, honduras and el salvador. maria: what are you saying, more aid? >> more aid, better governance,
7:44 am
helping them build better government institutions. that's what happened in central america. maria: the president's plan is focused on reorienting the visa system towards skilled workers away from the family based immigration. >> you're not going to stop these people from coming across our border. you just can't. maria: it's great to see you. >> until conditions improve. maria: he we'll see if those conditions improve. it's like this bad cycle. >> it's a long-term problem. maria: always a pleasure to see you. stay with us. i'll sit down with kl importanta congressman devin nunes this morning to discuss the classified briefing on iran. we'll find out how serious he sees the threat. an off day for tiger woods, he was off to a rough start at the pga tournament, more in sports straight ahead. taking a thrones day, the series finale may be too much for some fans to get up and go to work on monday. back in a minute. ♪ tonight, you and i.
7:45 am
♪ we're beautiful like i do months in th -- like diamonds ie sky. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio-
7:46 am
the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections,
7:47 am
low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my metastatic breast cancer with verzenio. be relentless. ask your doctor about everyday verzenio.
7:48 am
maria: welcome back. chelsea manning is back in prison. cheryl casone with details in headlines now. cheryl: the former army intelligence analyst could stay behind bars for up to 18 months this time. she again is refusing to testify before a federal grand jury investigate wikileaks founder julian assange. she already spent two months in jail on a previous subpoena but
7:49 am
was released when the term of that grand jury expired. well, nissan announcing hiroto sikawa will stay on as ceo. yonissan pushing for leadership changes following the ouster of gar loscarlos ghosn. the shareholders are going to vote on the pros poseals next -- proposals next month. shares of nissan down 10% this year. looks like the game of thrones finale may take a serious toll on employee productivity. more than 10 million americans could skip work on monday after the finale airs. that's according to a survey by kronos. 17 million people missed the monday after the super bowl back in february. so not as bill. if you're in a betting mood, vegas odds makers are saying that brand stark is going to take the iron throne when the
7:50 am
series wraps. i'm not giving away anything. don't get mad at me for that. i have no idea. i don't watch the. maria: we have a big show planned on monday morning, dagen. you're not planning to be off on monday for any reason, right? dagen: not for game of thrones, not monday, not ever. maybe the veep finale which was last week. that was only half an hour. maria: you like that show. dagen: it was excellent. >> it was a downer, though. dagen: what? >> it was a downer, that finale was a downer. it was appropriate for the show. it was a little sad. dagen: all politicians are downers, that was the point. >> especially vice presidents, oh, my gosh dis she was dagen: she was president, matt. you've got to get with the program. >> can i say one thing? the monday after the super bowl should be a national holiday. maria: they call it super bowl monday. >> give everyone the day off. maria: coming you up, the pga championship, brook brooks koepf
7:51 am
to a record setting start. we've got more in sports after this. ♪ watch as i dive in. ♪ i'll never leave the ground. ♪ crash through the surface. this is the couple who wanted to get away who used expedia to book the hotel that led to the ride ♪ which took them to the place where they discovered that sometimes a little down time can lift you right up. ♪ flights, hotels, cars, activities. expedia. everything you need to go. my dream car. flights, hotels, cars, activities. it turns out, they want me to start next month. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪
7:52 am
now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that .
7:53 am
7:54 am
maria: welcome back. it was a record setting start to the pga championship, not for tiger woods, show. jared: happy friday. datiger's first round, he's nine shots off the lead. nobody played like brooks koepka. he said thursday marked one of the best rounds he ever played. he shot a 63, ove only golfer nt shoot over par. he had a score of 63, established the course record at
7:55 am
bethpage black, one of the toughest courses. he became the first in the 101 year history of the event to get a 63 twice. he did it last year on his way to victory. he's one shot better than danny lee. tiger woods, four plus week removed from his major rebirth at the masters, shot a 72. tiger double bogied twice in the first eight holes. he eagled one hole apgo and gotw birdies. john daly showered with love. he was riding the golf cart because of his arthritic knees. he even got requests for cigarettes. smokes, diet coax an cokes and mcdonald's. justin johnson, phil mickelson, a few behind. rory mcilroy is three over. maria: who is in the running.
7:56 am
jared: i think tommy fleetwood is one name we have to watch for. he's been in the running at a few of the last majors, i think he's the best threat against brooks koepka. i see him going wire to wire and winning the turnment. we'll see -- tournament. tiger was named in a wrongful death suit. golf is a mind game more than anything else. you need a clear head. maria: that's a good point. >> hangover from the masters too. he was so high. you're going to have a letdown. jared: a little bit. by the way, i completely agree with you, guy, that the day after the super bowl of course it's an american holiday. definitely should be. >> thank you. thank you. i should run for president. that should be my entire platform. maria: jared, thank you. dagen: that sounds like veep, guy, where it's -- it's like getting rid of daylight saving time, the entire platform in congress. >> worked out okay for him. maria: you can see jared's
7:57 am
sports reports on fox news headlines, 24/7. the coffee wars, china's rival to starbucks going public today in new york amid trade tensions, we've got the numbers, next hour, "mornings with maria." stay with us.
7:58 am
going back to the doctor just for a shot. with neulasta onpro... ...patients get their day back... ...to be with... ... family... ...or just to sleep in. strong chemo can put you at risk of serious infection. in a key study... ...neulasta reduced the risk of infection from 17%... ...to 1%... ...a 94% decrease. neulasta onpro is designed to deliver... ...neulasta the day after chemo... ...and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome... ...have occurred. report abdominal or shoulder tip pain, trouble breathing... ... or allergic reactions to your doctor right away
7:59 am
in patients with sickle cell disorders, serious, sometimes... ...fatal crises can occur. the most common side effect... is bone and muscle ache. ask your doctor... ...about neulasta onpro. pay no more than $5 per dose with copay card.
8:00 am
maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is friday, may 17th. your sto stories right now. tariff delay, the white house is set to wait six more months to make a decision on auto tariff as the trade fight with china escalates. the fallout right here coming up. the selling is acse acsel ratins morning, futures indicate a decline of three quarters of 1%. s&p futures are down 20, nasdaq futures down 65. it's going to be a rough morning at the office this morning, after gains across the board yesterday on wall street. markets closed near the highs of the day, dow industrials were up 21 a 5 points, s&p was up 25, nasdaq picked up 76 points at the close yesterday. in europe this morning,
8:01 am
different story. declines across the board. fq100 down 38, cac in paris down 40, dax index in germany lower by 134 points. in asia overnight, this was the first opportunity for investors to react to the huawei ban, shanghai composite was down 2 and-a-half percent as you can see. the fix is in, boeing completes the software update for the 737 max jet. details on the next steps before the jet is deemed safe to fly. investigating the investigators, r attorney general william barr says he wants to get to the bottom of the origins of the investigation into donald trump. we are on that. wall street is getting its caffeine fix today, lucken coffee goes public this morning. it's the largest offering by a chinese company so far this year. all those stories coming up this friday morning. joining me to break it down, dagen mcdowell, town hall.com political editor and fox news contributor, guy benson and the american conservative union chairman matt shlapp. great to see everybody this morning. >> great to be here. >> good to have you in d.c.
8:02 am
maria: thank you. i'menini'm enjoying it. we have a lot of important stories to talk about. let's kick it off with the conversation, joining the conversation is devin nunes. he was in the room yesterday when the white house briefed the gang of eight on the iran threat, so don't miss that, plus of courses done a lot of work on investigating the investigators. our top stories this hour, global stocks down as investors are watching trade tensions. blake berman with the latest right now at the white house. blake. >> reporter: good morning to you. we await the official word out of the white house, possibly the commerce department, most likely today, maybe even tomorrow. but sources are telling us that the president will be delaying his decision on whether or not to impose tariffs on vehicles coming into the u.s. and auto parts as well. the likely timeframe here is another 180 days which will give the president and the
8:03 am
administration more time to try to negotiate trade deals, especially with japan and the european union. now, that means that a decision on auto tariffs could potentially be pushed off as late as november. meantime, the potential trade deal with china remains stalled. a spokesperson for china's commerce ministry says yesterday that china, quote, does not have plans to negotiate with the u.s. that spokesperson also did not comment on whether president trump and president xi would meet at the g-20 in japan next month. the white house press secretary, sarah sanders, saying those plans are still being hashed out. >> they're still finalizing the exact schedule for both leaders and whether or not there will be a formal bilat or a pull-aside. what that looks like is being worked out. we expect them to see each other and meet at some point. >> reporter: some trade news as well with turkey as the u.s.
8:04 am
decided to slash the tariffs on steel and aluminum imports by half. that's the good news for turkey but the u.s. decided to end a program that allowed some goods to come into this country from turkey duty-free. maria. maria: also to talk about on trade and tariffs. blake, thank you. amy kellogg is following the trade tensions, she's at the e.u., japan, epa forum in italy this morning. she's live in milan. amy, good morning to you. >> reporter: hi, maria. people here are celebrating this recently signed free trade agreement between the e.u. and japan, which has $900 billion corporate cash to spend right now on investments. it's an interesting time. there are two pretty big elephants in the room. one is the trade war with china. the other is tariffs of. the e.u. trade commissioner is speaking in another room right now. she didn't want to engage me at all, saying she is waiting to hear from the u.s. side on further steps, vis-a-vis
8:05 am
tariffs. she is talking about the perils of using trade as a political weapon. as for the japanese who are here, concerned about tariffs themselves, i get the sense that japan is going to be pretty much looking forward to president trump's visit later this month. he'll be the first leader, the first world leader to meet the newly anointed emperor. there will be plenty there to discuss. >> i suspect that if i'm japan and i've got the opportunity to have a dialogue with the president of the united states, i would try to engage as much as possible on this topic of trade and basically emphasize, look, at the end of the day we want a win-win. japanese companies obviously have been trying to invest more and more capacity for example in the auto industry, in the united states, creating jobs and trying to press home that point that this is for both sides. >> reporter: meanwhile, people in these rooms here are very nervous about china, it's slowing growth and the trade
8:06 am
tensions. it's interesting that the i italian undersecretary, minute the mou signed in italy for the initiative that was fairly controversial thinks that president trump's tactics vis-a-vis china so far have been effective. >> as a tactical negotiating weapon, raising the voice has brought the topic on the floor of discussion and we discussed these at wto, we discussed this with the commissioner, ms. malestrom so we are discussing these. in a way he has probably achieved the main goal. >> reporter: so one japanese businessman here said to me in his excitement about this free trade deal that this is not really about theup h the japaneg able to import more cheaply wine and chocolates from italy, this is about values, this really here today is pretty much a celebration of free trade. back to you. maria: amy, thank you.
8:07 am
amy kellogg in milan this morning. joining us right now is former white house trade official and incoming partner at aiken gump cleat williams. i know you're just out of the white house a couple days or something. but do you think that the administration is reassessing its approach to tariffs now that the fight with china is deepening? >> no, i think what the administration is doing with china is it's settling in for the long game. and i think what you've seen from the administration and what the president has signaled in recent days is a real commitment to getting structural reforms in china that deal with some of the most pressing issues out there, intellectual property theft, forced technology transfer, trying to get additional market access for financial service and agricultural industries. i think the president's assessment is when we have an economy as strong as it is today, with the gdp numbers we have, wage growth, productivity gains, this is the ideal time to take this on and apply for
8:08 am
pleasure and prop bring -- pressure and hopefully they'll get an outsome that will benefit the united states and china. maria: i agree with that. isn't this a cultural issue? the forced transfer of technology, the i.p. theft that's been going on for decades, how do you change behaviors that are cultural? the chinese, there is no privacy. they're good with that. they're tracking all their citizens. they ignore patents. they don't care. i mean, do you really think that the president is going to be able to get them to move on this, especially when you've got things like huawei, the chinese telecom giant performing espionage on everybody and convincing the europeans and africans to set up their infrastructure so that all the information goes back to china? >> well, look, i'm not going to downplay the challenges of this. there's a reason it's never been done before, a reason that these practices have continued for years. it's a challenging thing. what i can tell you from my experiences was that when we were talking to china, we were
8:09 am
making really good progress on the structural issues. obviously there's been a setback recently but there was a real broad, deep conversation about those exact things that you're talking about and the administration felt that it was making really good progress. what i would say is that i think the bigger challenge right now is going to be a political one. and that somehow the administration in the united states and china, they need to get an understanding with each other about what they're trying to achieve. and if i could elaborate for a moment. i think what you see coming out of china right now is that the hard liners are basically saying we're t not going to capitulate to the united states, this is going to be a one-sided deal. we don't want that. the reality is, these are global problems, not just the u.s. and china, this isn't the u.s. trying to keep china down. reforms will benefit china's economy. the president says i want to help china. the last point i want to make is you hear china saying we can't change our laws and i want to point out that is routine in
8:10 am
these trade agreements. all the trade agreements i've dealt with countries ultimately change laws to address problems, usmca, one of the big things we got in that agreement was that mexico changed labor laws. this is routine. usmca is a great agreement for that reason. i think u.s. and china hopefully can work out something similar. maria: what happened? we had a deal on the table, 150 pages, we had seven chapters. they had agreed to many of -- all of these things and then they fundamentally changed the deal, they reneged on everything. what happened? >> this has been tough throughout and china has pushed back time and again on some of these specific changes in their law. now, i think the u.s. has been working with leo hu in good faith. we thought that china was further along on that process. sounds like when he went back, he got some pushback on it from within china. china has a complicated interagency, just like the
8:11 am
united states. i think that's underappreciated fact about china. they have reperforms, hard liners and everything in between. he needs to apiece that audience. the politics needs to be addressed. i hope the u.s. can work out with china so there's a mutual understanding that we're trying to help each other get through these problems. maria: go ahead, matt. it was the hard liners versus the reformers. >> you've been working with the president, larry kudlow and others, wilbur ross. give us insights. is this an example where national security policy is kind of combining with trade and economic policy, maybe for the first time? trade always seemed to be a separate thing. we all believe in free trade. we worry about tariffs which are taxes. is it a melding of the two in. >> i think some of those issues are coming together, especially talking about sensitive u.s. technologies that need to be protected and there becomes a question of what can the technologies do. some of them are national security related. i do think there's a little bit of a danger if we start to
8:12 am
conflate these issues. you mentioned huawei. we've seen this as a separate issue, something dealt with the national security folks, not the same folks negotiating the trade agreement. if we mix everything into one big pot, it's going to be hard to get an outcome. >> didn't you report to the national security council? >> i did. no, i did. what i'm saying is within the white house, the folks who are working on huawei are a different set of folks than are working on these -- maria: i totally understand that. if you're looking at theft of intellectual property and then you look at huawei and its behavior, it's the same thing. huawei has been sued by motorola, t-mobile, microsoft, i mean, there's -- and they've settled lawsuits. they've stolen i.p. they've stolen c.d.m.a., trade secrets. how is that different? >> i understand the point you're making. but i'm saying with respect to huawei, there's been legal actions and other things that have been taken. there's obviously this new rule
8:13 am
making, the administration is considering. that hasn't been in and of itself, the specific huawei actions aren't something we're negotiating with china. maria: that i understand. i get that. >> request china we're negotiating broader provisions on how are we going to deal with general trade secret theft and how are we going to get china to police internally and make sure that kind of stuff isn't happening. maria: is there a chance no deal gets done? >> i think there is. i'm optimistic. i'm hopeful. i'm gla glad there's still engagement. i think positive signals have been sent. if we don't find a way to get a better politica plight politica, it's going to be difficult to get a deal. >> how can the chinese say they can't change their laws. it's easier for them to change anything they want. maria: just change it. >> my point is, this is routine in trade agreements. i hope china doesn't see this as a unique at china. this is something we negotiate
8:14 am
all the time. i think it would be appropriate here. i think it would china. maria: it's great to have you on the program. >> thank you. maria: thank you so much. coming up, investigating the investigators. attorney general william barr makes it clear he wants to get to the bottom of the russia investigation and how it started. coffee wars, the chinese rival to starbucks going public today amid trade tensions. back in a minute, right here. ♪ visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. your control. like bedhead. hmmmm. ♪ rub-a-dub ducky... and then...there's national car rental.
8:15 am
at national, i'm in total control. i can just skip the counter and choose any car in the aisle i like. so i can rent fast without getting a hair out of place. heeeeey. hey! ah, control. (vo) go national. go like a pro.
8:16 am
8:17 am
maria: welcome back. there's a mixed report from john deere. stock is moving lower, about 3%. gerri willis has details. >> reporter: a tough quarter for deere. the company reporting its fifth straight profit loss. as you can see right there, revenue was a little better. but let me tell you, this is 6%
8:18 am
a year ago. the company is cutting full year outlook for profit and equipment sales. the big issue, it is trade. china trade and the effect on soybean prices which are at their lowest level in a decade. the company says farmers don't want to buy anything. let's move on to pinterest. one trader calling that company's earnings report last night not pretty. a loss of 32-cents a share against a loss of 11-cents a share, that was the expectation. revenue a little better. but i've got to tell you, the number that people are focused on this morning, one analyst cutting his target price below its current level, trading level. why? because the forecast for revenue were not pumped up. they maintained their level for forecast expectations and wall street not liking that this morning. now, coming at the ipo, keeps on pumping, luckin coffee, rifle to starbucks, expected -- rival to starbucks, looking to race
8:19 am
516 million. some folks call it frothy. we'll see. coming out soon. maria: president trump has been tweeting this morning. he said this, will jerry nadler ever look into the fact that crooked hillary deleted and acid washed 33,000 e-mails after getting the most powerful demand notice for them from congress. i haven't heard anything about that in materials of jerry nadler. it's unlikely. but it is interesting that she used bleach bit, hammers to destroy her devices. >> the hypocrisy that goes on in congress is without end. i think the democrats have a dangerous road if it's all about getting their political opponents and not about passing legislation and their agenda, i think there will be a harsh reprimand from the he voters. >> i'm not sure they can pass an agenda within their own caucus, if you look at the house democrats. they've been talking about a
8:20 am
clean dream act for years, right, no poison pills, no security enforcement or anything like that, clean dream act. they tried to pass one out of the house. they had to put it on the back burner because they were fighting over whether or not people with criminal records should get amnesty. i think pelosi, they're saying get back to governing. i'm not sure right now she necessarily can on some of this stuff. >> it's very hard. maria: yesterday she said we never said that the immigration crisis -- we never said there wasn't a crisis. meanwhile, we have it on tape, she said stop manufacturing crisis. we're going to play those sound bites when devin nunes joins me. attorney general william barr planning to look at how the fbi handled the russia investigation. congressman he devin nunes weighs in. then almost ready for takeoff, boeing claims the software for the 737 max jet is fixed. details there, next.
8:21 am
♪ and i'm a number away from calling you. ♪ i said i was through. ♪ but i'm dying inside. ♪ my head's in a mess. ♪ i confess. hmm. exactly. liberty mutual customizes your car insurance, so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this
8:22 am
but give them a cookie and a star.
8:23 am
it's a revolution in sleep. the sleep number 360 smart bed is on sale now during our memorial day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to hit the ground running. only at a sleep number store. during the memorial day sale, save $1000 on the new queen sleep number 360 special edition smart bed, now only $1,799. only for a limited time. sleep number. proven, quality sleep.
8:24 am
maria: welcome back. an illegal immigrant has been charged with killing at least 12 elderly women. cheryl casone with details in new york. cheryl: police say the kenyan citizen was living in the united states illegally. investigators say the 46-year-old posed as a healthcare provider or maintenance worker and gained access into victims' homes where he would rob and kill them. the women ranged in age from 76 to 94. he's been in custody since march of 2018 for the death of an 81-year-old dallas woman. well, boeing says it's completely a software fix for the 737 max jets.
8:25 am
ad vaning efforts to get the planes back in the air. the company said it conducted mosh than 360 hours of test flights using the updated software. additional testing from the faa, though, could take months. meanwhile, singapore airlines says it stillen tends to buy 31 max jets. this is after the airlines' regional affiliate silk air grounded six jets in march. taking a look at shares of boeing, up nearly 10% so far this year. well, big u.s. companies rewarding ceos with record pay increases in 2018. that's according to some analysis from the wall street journal and that's despite the fact that most of the company's stocks fell nearly 6%. the worst performance since the financial crisis. our own lou dobbs weighed in last night on fox business' town hall on capitalism versus socialism. >> ceo pay in this country is out of line, it is absolutely an
8:26 am
anomaly within american history. the employee is watching management soar in compensation while workers have just a just a disadvantaged part in that ratio. cheryl: the median compensation for heads of the companies climbed 6% to $12.5 million. then, maria, there is this, the internet's favorite group has died. the owner of grumpy cat announced she passed away piecefuly on tuesday. her real name was tartar sauce. she wrot -- she rose to fame in. there was a movie. there was a book. i got to meet her once. maria: rest in peace, condolences to the family. coming up, ranking member of the
8:27 am
how's intel commit aee will join me, devi devin nunes is next. nes or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.
8:28 am
8:29 am
8:30 am
maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is friday, may 17th. your top stories right now, 8:3. the white house is expected to wait six more months to make a decision on the auto tariff as the trade fight with china escalates. the selling has accelerated on wall street. futures indicate a sharp decline at the start of trading. uh ddowfutures are down 218 poie low of the morning. s&p futures down 24. the nasdaq futures down 86, more than 1% lower on nasdaq. in europe this morning, similar story. markets down across the board. as you see, the fq100 down 42 points, this is the low of the morning. cac in paris down 45, the dax in germany down 155 points, 1 and a quarter percent. in asia overnight, investors had the first opportunity to react to the huawei ban and they sold
8:31 am
stocks in shanghai. the shanghai composite down 2.5% in china. investigating the investigators, attorney general william barr says he wants to get to the bottom of the origins of the trump investigation. biden is in the lead, new fox new poll shows that joe biden is at the top of the democratic race, leading the president in a head to head race as well. what this means for new york city mayor bill de blasio. all those stories coming up this friday morning. our top stories this half hour, rising u.s. iran tensions, intelligence suggests the u.s. and iran may have misread one another, the iran i don' iraniat believing the u.s. planned to attack da tehran prepared itself for possible counter strikes. there was a classified briefing at the white house yesterday as some concerns were raised they weren't being told what was going on. joining me now is house intel
8:32 am
committee ranking member devin nunes. it's always a pleasure to see you. >> nice to be with you. maria: how serious is the threat with iran? >> iran is always a threat. it noser goes away. -- never goes away. people forget that iran is directly responsible for not only killing thousands of americans because they were the ones that were taking the explosive devices into iraq during the iraq war. so some people estimate as high as 2 or 3,000, directly responsible. the largest funder of terrorism around the globe, places like syria, lebanon, yemen, all of that, all of that said, they have developed quite a network in iraq and this is that whole -- right where iraq and iran, that whole area where they mesh, you've got that continue l wall problem of the -- continual problem of the shiite, suni, all of that mess. maria: there was skepticism
8:33 am
over the last couple of days, saying is this another weapons of mass destruction falsity. the last time we took nonessential people out of iraq was before the iraq war. was there evidence indicating or suggesting that iran was ready to attack u.s. interests across the world? >> well, we always have -- the threat is always there. this is not some threat that just developed overnight. i think we have to keep that in mind. everybody thinks there hasn't been -- they think iraq, what does that have to do with iran. most americans don't know the difference between the two. iran continues to escalate. iran continues to add more capable weapons. they're very capable in the cyber realm. and so i think what we have to do is as threats increase, we have to make sure that there's no reason for us to have nonessential people in harm's way. and i think that's the decision that the administration is make.
8:34 am
maria:.maria: understood. i want to ask about immigration. first, investigating the investigators. you and your colleagues have done an excellent job exposing what went on early in 2016 in the elect when it certainly appeared that officials at the fbi and the doj put their finger on the scale. that's what attorney general william barr is looking at. he said that the public must know if officials, quote, put their thumb on the scale in the russia probe. tell me where we are in this, congressman, in terms of what we we. are we we going to see accountability. given there were informants, wiretapping, even cash dropped in george papadopoulos' lap. what do you know. >> with a u.s. attorney being appointed under the watch of bill barr, have the attorney general of the united states putting someone who is he very credible in charge. i didn't know mr. durham before but he comes with a very solid
8:35 am
resume. so i think what you have to look for now is as they begin to put this team together, they've also said, which this makes me very happy, is they're going to look at the work of the i.g., mr. horowitz, they're going to look at what the house has done, house republicans, they're going to look at what the senate has done. and they're going to look at any other information that's out there including whistleblowers and others to make an evaluation. is there going to be the accountability? yes. and i think what bill barr is saying is, he's not jumping to any conclusions, which he should not. he just became the attorney general. he wants to have an assessment of how this began. you know that we've made criminal referrals. those attorney general-a-the attorney general is well aware of what those arrest. when durham gets up and going, we'll be ready to meet with him when he's ready. maria: some sceptics of this say the special counsel was put
8:36 am
in because the president fired jim comey. we know that is not true, that in fact this was a continuation of the fbi's investigation into donald trump. >> yeah, i mean, you know, all you can really do is make fun of these fools. okay? there's nothing you can do but just laugh. i mean, how is it that the fbi -- again, because people think -- have forgotten about this. the fbi is using the steele information and nobody in the fbi seems to know that there's not a consolate, a russian consolate in miami. this is -- it's just out ray. mariaoutrageous.maria: connect. >> in the steele dossier they claimed the whole operation, the whole operation to work with trump people is being run, the money and the assets are being run out of the russian consolate in miami. maria: ridiculous. >> there's not one. now, i didn't pay up to $40 million for the mul muellerm
8:37 am
to write a report that was number one based on news reports, i mean, how laughable is that. if i would have put a report out when the republicans put the report out-take- maria: this is based on yahoo news. they leaked the stories to yahoo news. >> in some cases it was circular reporting. you've got that going on in the mueller report. and the mueller report doesn't mention that, hey, there is no russian consolate in miami. so it appears the only ones that know about a russian consolate in miami is christopher steele and the mueller dossier team. maria: as the public had their hair on fire for two years, speculating that donald trump colluded with the russians, you've got john brennan, the former cia director, saying that donald trump committed treason which is extraordinary that he is using his title to go around and make these claims which now of course we know officially was nonsense. are we going to see accountability for some of these guys, brennan, comey, peter
8:38 am
strzok? >> all of those guys are -- there's a lot of laws here that i think we're concerned with. number one, lying to congress. did you lie to congress? did you leak information to the media? i think another important one is did you obstruct our investigation, right, because people forget this information that came out just recently is is that there's. mails that are sitting, i think john ratcliffe talked about these on your show. maria: yes, he did. >> there are e-mails at the -- they were at the fbi that were pertinent to our investigation, interviews with christopher steele who wrote the dossier that started this whole mess or one of the reasons for starting this whole mess, they were never given to congress, not to mention they weren't even given to the i.g. the i.g. didn't have them until a few weeks ago. maria: the i.g. report is out within a month, do you think? >> i think what i'm hearing is is that the i.g. is wrapping up and i think now people are able to go and review. remember, the i.g. can only interview people that currently
8:39 am
work at the department of justice. maria: we're going to be on it as we have been in the last two years. i was. to give this breaking news to our audience. the white house announced up to a six month delay on the auto tariffs decision, a little breathing room for some people who are looking at europe and japan with worries that those imports are going to be tariffed. the white house made it official, they will delay that and watch the situation for six months. want to turn to immigration, congressman. president trump unveiled a new immigration proposal yesterday. uses a merit-based point system. what was your take-away of the president's plan yesterday? >> the president actually has a plan which is more than i can say for the democrats in the house. the president several times has put very reasonable plans on the table. he said, look, we're going to have border security. but at the same time, i'm willing to work with permit systems for high tech workers, skilled workers, agricultural workers. he's alsod said, look, i'll take more dreamers than obama was
8:40 am
willing to take, the kids that were brought here by no fault of their own. he has had multiple proposals. i think he has a sears just proposal. what you see in the house -- remember, the republicans, we couldn't get one democrat to vote with us on a comprehensive immigration bill. maria: yeah. >> they don't even have a bill. they have no bill. maria: in fact -- >> you would think -- they haven't been in pow per for all this time -- power for all this time, making promises, playing identity politics, telling the latinos, you vote for democrats, we'll make these people legal as long as you vote for us. they can't get a bill out of a committee. maria: nancy pelosi said she never said it wasn't a crisis. we want to show you the sound bite from the speaker of the house in january and what she said yesterday. watch this. >> the president's manufactured crisis. president trump must stop holding american people hostage, must stop manufacturing a crisis. we've never not said there's a crisis. there is a humanitarian crisis
8:41 am
at the border. yes, it is a crisis. we've always said it gets to be more of a humanitarian crisis. maria: so she said william barr lied. was that a lie? who's lying? >> the american people i think are getting -- for those people who remember back when nancy pelosi was first speaker, this is why she was thrown out. right. they were ineffective. they couldn't tell the truth. this is a prime example of it. there is an absolute crisis, not only at the border that's made worse by cubans and venezuelans and all these people coming forward. this isn't just people that cross the border in mexico. these people are coming from all over the world. we need to fix this system. there's a need for skilled workers in this country, right, people that have -- that are highly educated or people that will do complicated agricultural work. it needs to be fixed and right now i don't think nancy pelosi is going to do it. maria: any chance any immigration reform gets done
8:42 am
before the 2020 election or is this just politics? >> i can't imagine it's anything but politics. they don't have a bill. maria: your reaction to the white house delaying the auto tariffs. a lot of people were worried about the tarif tariffs that wee going to put on vehicles in particular. >> this is an important point that goes back to pelosi. we have the deal ready to go, the canada, mexico agreement. we need to get this passed. it's ready. it's an improvement. this should be voted on tomorrow. it should get 400 votes. maria: she's not bringing it to the floor. >> somebody has to be -- ultimately, this has to be part of how republicans make their case. you have a president, ran on redoing nafta, gets it done. it's better for labor, better for the environment. i see the benefits overall for the economy. so i think at the end of the day it's another example of the democrats, we're reliving what happened, americans are getting to relive why they were thrown
8:43 am
out of power eight years ago or whatever it was. maria: congressman, good to have you on the program. >> thank you. maria: thank you so much. devin nunes, thank you. we will take a short break. futures are down better than 200 points. we're off of the lee lows now. the white house announces a six month delay on auto tariffs. the growing 2020 democratic presidential field, new york mayor bill de blasio throws his hat into the ring. stuart varney weighs in on thatc and a lot more when we come back. then one day you decide it just needs to be safe enough to get her to college and back. principal. we can help you plan for that. that have made the rx the leading luxury suv of all time. lease the 2019 rx 350 for $399 a month for 36 months. experience amazing at your lexus dealer.
8:44 am
8:45 am
8:46 am
8:47 am
maria: welcome back. the white house is delaying a decision on auto tariffs for up to six months. markets are off of the lows of the morning, as soon as the news hit markets came back from the lows. we're looking at a triple doubling it loss. dow futures are down 172 points, s&p down 18 and the nasdaq down 66. president trump and new yorkers reacting to new york city mayor de blasio entering the 2020 race. joining me now, stuart varney. >> how could you miss that. maria: yeah. go ahead. >> look, i was surprised at the near uniformity of laughing mr. de blasio out of court. that was the reaction he got. it was just plain and simple laughter. even the new york times has an article in the op ed pages, saying, look, he can't even troll trump. all of these articles, all you see on tel television -- when sn island chuck dropped him, he
8:48 am
died later on, that was all over the tv screens in new york last night and the new york times has got an adversarial article this morning. the wall street journal goes into his failure as a mayor of new york. and the president chimes in as well. i was just surprised at the uniformity of opposition, the hill layer ahilarity with whichy was greeted. nobody said it was okay, he's going to win. maria: it started often with that new york post cover yesterday. >> it did. that was a good cover. they've got one something similar to that this morning. along the same lines, what a joke. good stuff. maria: we'll see, a lot of people thought donald trump was a joke. i just point that out. >> that's what we should remember. when he came down the golden escalator, what is it four years ago, almost to the day, june 15th i think it was. maria: june 15, yeah. >> people were laughing at him. how could he possibly win. he can't win.
8:49 am
but he did. i think you need to keep that in the back of your mind when you're laughing at bill de blasio. maria: exactly. i'll see you in about 10 minutes. you have a big show today. first, this breaking news, the white house is delaying a decision on auto tariffs for up to six months, we are taking a look at a triple digit loss at the opening of trading for stocks, down 176. back in a minute.
8:50 am
8:51 am
8:52 am
maria: welcome back. investigating the investigators, my next guest is out with a new op ed entitled ukrainian who meddled against trump in 2016 is under russia corruption cloud. joining us right now is john solomon, who has broken a lot of news on this story in the last two years. tell us about this ukrainian story. >> this guy has been very important to tor the origins ofe
8:53 am
case. this man was feeding fusion gps with dirt on trump. he leaked the manafort documents. we're hearing he's under investigation for receiving russian money right at the time he was doing all this to donald trump. maria: he was receiving russian money but also fusion gps was paying him to -- >> he was just a source to them, one of their confidential sources. nellie orr identified him as one of the guys giving russian dirt. maria: where is this going? >> there will be a corruption investigation in ukraine. one of the things we're hearing from the american side, they want to know whether the russians were encouraging him 20 do this, maybe it's a dual operation that was going on, not only hillary clinton but maybe trying to compromise or smear donaldonalddonald trump. maria: we were talking bouts accountability. congressman ratcliffe was here. do you think we'll see accountability for the people who started the investigation into donald trump with no
8:54 am
predicate? >> i do. i think the i.g. begins that process with series of reports this spring and summer and then i think attorney general barr as he made clear on fox news this morning, he wants to see if that thumb was on the scale. that's a pretty strong statement from an attorney general. i think he knows where this is going. >> what are you hearing about the i.g. and what he's cooking? >> i think we expect the report in mid-june, specifically on fisa abuses. there may be a report on comey, the classified leaking of information. >> from the i.g. >> from the i.g. and possibly a separate report spinning off from fisa about the culture of leaking in the fbi, and how it might have been used to create evidence that they would put into these fisa warrants. maria: it's amazing. jim comey was on a show recently and i watched him and someone said to him, you know, with the charges, saying you basically set up donald trump and you were investigating him and he said, look, if i were investigating and i was against donald trump, then i would have leaked it. i just would have leaked it. i couldn't believe how cavalier he was about leaking.
8:55 am
>> yeah. there's a culture of leaking in the fbi. the i.g. mentioned it once. i think it will get exposed. it's not just playing with the media, it's setting up stories that you use like in the fisa warrant to try to justify going after someone's personal records. that's the most troubling part of the leaking pros. >there's beensome people sayinge i.g. launching his own probe within the department to see what happened, on top of the i.g. what's the best answer to why that's appropriate? >> i think the i.g. is looking at individual issues. the attorney general sees the 30,000-foot view. he wants to make sure the intelligence apparatus is working right. after 9/11 we removed some of the walls in intelligence. maria: there were criminal referrals. there's a criminal referral for andrew mccabe, nellie orr as well. what does that mean? where does that stand? >> remember, devin nunes made
8:56 am
eight criminal referrals recently. there may be other people we don't know about. i think the conduct of people who started the investigation is going to be the focus for the next few months. we'll find out what the u.s. attorney in connecticut, whether there's enough there for criminality. maria: great work as always. thank you. breaking news, futures are down almost 200 points right now. the white house announced a delay on the auto tariffs, down 194 on the dow. we'll be back in two minutes. orlando isn't just the theme park capital of the world, it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential.
8:57 am
8:58 am
8:59 am
maria: welcome back. the breaking news of the morning, the white house delay a decision on auto tariffs for up to six months. we're looking at a triple digit loss at the opening of trading, the markets down 189 on the dow. final thoughts from this all-star panel this morning, guys? >> early this week, i traveled to russia and brussels with the secretary of state. i had an exclusive interview with him yesterday on my fox news radio show. people can listen to that. it was interesting stuff. he went after john kerry pretty hard. maria: that's the big take-away? >> that and some stuff on the
9:00 am
intelligence vis a vis iran. >> thank you very much for all your reporting on the russia hoax. can you imagine if the president had his current white house team and this current ag and this current white house counsel at the very beginning of his administration? could have been a whole different beginning to his presidency. maria: true. thank you for that. great show. thank you, dagen in new york. have a great day. right to "varney & company." stuart, take it away. stuart: good morning, maria. good morning, everyone. there is now a clear frontrunner for the democrat nomination. it's joe biden. a fox poll puts him 18 points ahead of bernie sanders, 35-17. senator warren comes in with 9%. the other, what is it, 20 candidates, they trail badly. fortunately for him, perhaps, the poll was taken before bill de blasio jumped into the deal. he was not well received. the first debates, by the way, are about five weeks away. that's it. here it comes. today, luckin goes public. you get your chance to buy stock in a very fast-growing

61 Views

info Stream Only

Uploaded by TV Archive on