tv Mornings With Maria Bartiromo FOX Business May 28, 2019 6:00am-9:00am EDT
"mornings with maria" starts right now. maria: happy tuesday. i'm maria bartiromo. thanks for joining us. it is tuesday, may 28th. your top stories right now. new trade uncertainties this morning, president trump says the united states is not ready to make a deal with china just yet. what it means for investor as markets reopen. he is on his way back from japan as we speak. a trail of destruction to report. a violent tornado tears through ohio as other areas of the mid-west brace for severe weather and flooding this morning. here's the very latest. a major auto merger, fiat chrysler proposing a tie-up with renault. how that deal would reshape the entire industry, coming up. where does that leave nissan? if at first you don't succeed, try, try again, that's what amazon is reportedly doing in new york city. "mornings with maria" begins right now.
♪ i don't want to think anymore. ♪ i left my head and my heart on the dance floor. ♪ i don't want to talk any more. ♪ i left my head and my heart on the dance floor. ♪ maria: markets are searching for direction after this long holiday, memorial day weekend. futures indicating a mixed open this morning. dow futures down 3 points, s&p futures down 2 and three quarters, nasdaq futures are up 3 points after stocks finished higher on friday on hopes of improved u.s.-china relations ahead of the june g-20 summit. that's where president trump said he will meet with china's xi-jinping. the president made a visit to japan over the weekend. in a meeting with shinzo abe, president trump discussed the
state of u.s.-china trade as well. >> we're not ready to make a deal. we're taking in tens of millions of dollars in tariffs. and that number could go up very, very substantially, very easily. but i think some time in the future, china and the united states will absolutely have a great trade deal. china is subsidizing a lot of industry because foolishly some people said that the american taxpayers paying the tariffs of china. it's not that way. they're paying a small percentage but our country is taking in billions and billions of dollars. businesses are leaving china by the hundreds, by the thousands, going into areas that are nontariffed including the united states, by the way. but they're going to different parts of asia. vietnam, frankly japan, but they're going to a lot of places but they're also coming to the united states because people don't want to pay the tariff. and if you look, there is no tariff to pay. all you have to do is move your
company to the united states. there is no 25% tariff. maria: the president is en route back to the united states this morning. joining me now is ubs financial services private wealth advisor, alle mccarthy. how important is the china deal for these markets? >> it's the single thing weighing on the markets. there is reason to believe that the china trade deal is a reflection also of the broader protectionism in the global economy, is actually feeding into some of the numbers we've seen recently, last week in manufacturing, there are negative numbers. the question is, is that a reflection of what's happening in the u.s. economy or is it a reflection of companies that have been dealing with the overhang of potential tariffs and protectionism, trying to plan ahead in terms of their supply chain and order management. maria: how does the backdrop feel to you, the broader economy? >> the broader economy still feels good. we had probably the most
difficult first quarter we've seen in a while, second quarter is already showing signs of picking up. ubs has a target of 3% earnings growth this year, 7% next year. so although we're going less quickly than we did in sort of the steroid pace we've had in the last few years that still puts us as trend or above. obviously, whether you're talking about the interview over the weekend with huawei or whether you're talking about the way u.s. companies are managing their supply chain, this is a big deal. it's a big deal for investors. it's a big deal for ceos. because without clarity, people are not going to make infrastructure spending decisions going forward and that's why you've seen over the last couple weeks really almost a see-saw day-to-day, depending on twitter feeds around what does the negotiating tactics of the u.s. look like. maria: as we watch the you thei
situation get worse, president trump's remarks were discussed on adding the company to the u.s.-china trade deal. he said, quote, it's a big joke, how are we related to u.s.-china trade. if trump calls, i will ignore him and then to whom who will he negotiate with. he may call but i won't answer, says the ceo of huawei. he said i stole american technologies from tomorrow, the u.s. doesn't even have those technologies. we're ahead of the u.s. if we were behind, there would be no need for trump to strenuously attack us. reuters is reporting that fed ex is apol apologizing for mishandg huawei packages after huawei questioned their relationship with the company. i guess they could use that as leverage, getting mad at fed ex. fed ex is afraid they get booted out of china. >> i think this is part of
the issue. we're not even talking about just people's supply chain here going forward. we're talking about companies being worried about political backlash. and that's in the u.s. and that's overseas. the other thing that i don't think has been talked about as much is the taxes afl tax applye last port of origin. a lot of the technological products have up to 50 component parts. now that we have this global economy and we're talking about the final u.s. part of trade, this is really much bigger than that. we have trump in japan now. we've had conversations about what auto tariffs with japan and the e.u. look like. we're close to getting nafta 2. so there are a lot of components of this and each one creates an additional level of uncertainty that ceos need some clarity for in order to push forward and get to that 7% growth number we're talking about. maria: you don't think we're
going to have a robust market reaction until we've got the certainty on trade? >> i don't think so. i think people are putting plans in place. you hear different companies talking about being able to take parts of their supply chain either to other places in asia or back into the u.s. but i think until we have some clarity, a and quite frankly i think we're not going to have clarity until the g-20. i think you're going to continue to see this positioning until you have the two leaders in the same place at the same time. we at ubs really believe that both leaders have an imperative to get something on the books and move forward. we have an election in this country and we think that the administration is going to want to be able to continue to talk about a strong and growing economy. it seems that the administration is -- and th the market is happy with what used to be the biggest overhang at the end of last year, the fed and how doveish will they be. now we've moved on to this.
as we go through the election cycle, that's what we think the administration is going to want. we view this as escalating negotiation tactics on both sides. maria: we'll see if the chinese want that too. because they initially had reneged on everything because the chinese had said initially, yes, we'll codify into law that i.p. theft is against the law a and then reneged on that. so what do you want to do as as a client, then, in this environment in the face of all of this uncertainty? are you telling clients to put money to work in stocks? >> we've taken a little off of the u.s. that's more a relative valuation call than it is a call either on china trade or u.s. potential going forward. we have increased our exposure to emerging markets and to japan specifically within that. obviously, that is going to be affecting the magnitude of the short-term call, is going to be affected by some of the fluctuations.
but again, it's more of a relative call and also when you look at china, apart from what we're seeing in trade, they have used all and continue to point towards using a lot of the efforts they have for stimulus in their own economy, to get them back and running and remember back and running for china is 6% or 7% as opposed to back and running for the u.s. is 2% or 3%. maria: we'll be watching. thanks so much. >> thank you. maria: meanwhile, two tornadoes touched down overnight in dayton, ohio. cheryl casone on headlines now. cheryl: maria, good morning. catastrophic damage across ohio and indiana this morning. leaving at least 5 million people without power in ohio. this incredible photo shows a car wrapped around a light post after the storm and then captured one of those twisters, monster twisters forming right outside of his home. north of dayton in the city of salena, another twister leveled homes, knocked out power there.
first responders going door-to-door as people are trapped inside their homes. >> they're shaking, head's up against the wall and the wall is shaking back and forth. wind from the tornado is pushing up through the vent into my face and i'm freaking out, sit there. of lasts about 10 to 15 seconds. scary yeast 15 seconds of my life. cheryl: president trump tweeted, spoke with the governor of oklahoma. the federal government and fema are fully behind him and the people of oklahoma. a devastating weather weekend. amazon is possibly giving new york a second look. months after they walked away from the deal to build their headquarters in queens, amazon is reportedly shopping for office space on the west side of manhattan. the new york post is reporting the tech giant has been in talk with owners of two new skyscrapers that are being built on the west side.
and disney's aladdin making a lot of magic at the box office. >> can you make me a prince? >> there's a lot of gray area in make me a prince. i can just make you a prince. >> oh, no. >> you all see my powers? cheryl: the live action remake earned $113 million over the holiday weekend, the fifth highest memorial day weekend ever. "pirates of the carribean" holds the record. john wick pulled in millions over the weekend, the franchise's top grossing film. it keeps on going. there's the weekend box office numbers. maria: quick break and then a possible blockbuster deal in the auto industry, fiat chrysler is proposing a merger with renault to create one of the largest automakers in the world. that's what nissan wanted to do. we'll talk about it coming up. the tsa cashes in, making use of
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maria: welcome back. we've got a big show this morning. coming up, former nebraska senator, bob carey is here this morning. former white house trade official, clete williams is joining us. retired general jack keane is here along with the co-founder of petrone spirits is here. we have a big couple hours coming up. we kick off with this, a major auto merger proposed, fiat chrysler is proposing a tie-up with renault. the deal would create the world's third largest automaker by production, behind volkswagen and toyota. joining the conversation, dagen
mcdowell, mitch rochell and former white house correspondent ronica cleary. thank you for joining us. >> good morning. maria: interesting proposition from fiat this morning, given the fact that that's what nissan wanted to do. that's one of the reasons that carlos ghosn was imprisoned for so long. he's out on bail, as we know. would this fly even though nissan and renault had all been clinched a deal? dagen: it could fly. auto mergers historically have been hit or miss. if you look back at daimler owning chrysler, that was a disaster. but i'll point to peugote bought opal from general motors in europe and has turned around that brand. with th the merger of fiat and renault, that potentially puts a lot of other automakers at a disadvantage. i'll look at ford. one of the things driving the merger is because there's so
much focus and there's so much money required for electric vehicles, self-driving cars, in-car connectivity, things like that, that you're seeing a lot of potential partnerships like the new mobility, trying to combat, say, an uber. you've seen a lot of partnerships come together. volkswagen and ford are talking about sharing technology. volkswagen, daimler and ford have teamed up together to build a super charger network in europe that would be one of the reasons behind this combination of fiat and renault. maria: renault and fiat would -- are two weaker players relative but if they got together, where does that leave the relationship with nissan? because right now nissan and renault share certain business lines. they have a partnership together. that would -- i would argue that would weaken nissan, quite considerably as well.
>> it's possible this is happening while auto sales are dropping in the united states. a autos, 2017, 2018, dropped 13.1%. this is happening, i think these companies are getting together to try to be relevant in a marketplace that's shrinking. maria: auto sales in china, what were they down, 17% last quarter. >> right. >> that's more of a function of their economy. i think here in the united states it's a function of a lot 0of things. light trucks are on the up-tick. a lot of that has to do with tax reform because of the incentives for small businesses to make investments in equipment. dagen: and we should point out, the chicken tax, that's a 25% tariff on imported light trucks into the united states. that still gives not just the american automakers in the u.s., but any company that makes those suvs and light trucks in the u.s., that gives them an advantage here at home, like bmw for example makes many of the
suvs down in south carolina and that's one of the reasons. so if they really want to make great in-roads in light trucks and suvs in the u.s., expect them to have to start making them here. maria: that's what the president's saying. if you don't like the tariffs, move operations out of china. >> with the electronic and autonomous cars, i thought of the presidential candidates, andrew yang, who made the fear of electric and autonomous vehicles, impact that industry. it may force the president to weigh in on the issue and make that a bigger part of the conversation. dagen: would it make andrew yang relevant in this conversation? no. >> he's going to hope so. dagen: rainbows and unicorns i don't think would make andrew yang relevant. maria: it's all really good points. we'll watch that. right now, just a proposition in terms of the merger. coming up, big shakeup in european elections, polls show a
growing turn against the establishment. we'll tell you about that and the election in germany as well. going after drug companies, oklahoma holds the first major trial in the opioid crisis, what families want, later this hour. all that coming up. stay with us. h. ♪ he's the center of his whole world. 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.
maria: welcome back. divisions in the european union, this weekend's e.u. he'll election showing a growing turn against the establishment. a greater number of euro skeptics holding onto seats in the e.u. parliament. theresa may announced last week she will step down next month. joining us right now is the washington examiner editorial director, hugo gerdin. thanks for joining us.
first, your reaction to what took place in europe over the weekend. >> the establishment party got hit. in italy, the northern league came up strongly and is now the biggest party. the biggest one, though, of course was in britain where nigel ferage and the brexit party became the biggest party in britain in the european elections. so there was a pretty strong move across the e.u. against the establishment parties. a lot of that was on the nationalist one, in britain and in france and italy, there is also a rise on the part of the left with the greens party doing well. maria: is there any clarity now, given we've seen results in germany, how does that impact the united states? >> you know, the united states has traditionally wanted a united europe and they thought the e.u. project is a good
thing. i have been always -- i have always suspected that that's a mistake because the e.u. was from its outset something of an anti-american organization. and i think that the results will not be displeasing, at least to president trump and his administration, because what they're seeing is a surge in the kind of voting that helped bring president trump to power in the united states. certainly that's the case in britain. that's certainly the case in hungary, in italy, and to some extent in france, although i would argue the national front is not a conservative party. it's as much left as it is right. >> hu.>> we're hearing about thw rise in socialism. how did those parties nare in thfare inthe european elections. >> the coshists have bee been-socialists have been part of the main centrist block for a long time. there's been a lot of
cooperation between the sort of center and soft right parties like angela merkel's and the socialists. so the socialists did not do very well in the e.u. elections. really what's happened is that the parties on the margins have been successful. socialism was never regarded or has not for many decades been regarded as an extreme position in europe. they were the governing party often in europe. maria: let's turn to 2020 in the u.s. new data from the yale model for predicting presidential election results out showing that president trump winning re-election in a solid victory. 56% of the popular vote, the yale model measures incouple in, gdp growth and inflation. your reaction? and who would you say on the left is viable in terms of coming close to beating president trump? >> i think first of all, i think it would be highly unlikely that president trump will get 56%. there are a lot of things that are going in his favor.
most particularly, the economy, employment. in some ways one would expect his numbers to be higher in polls because of the successes he's had in the economy. i think he perhaps lowers his approval ratings because of the way he behaves. but he has a strong position as incumbents generally do and historically they enjoy about a 5 percentage point advantage going into their second term. on the other side, joe biden is maintaining a lead. he's got basically double the support that his nearest rival, bernie sanders has. and he's keeping a low profile. he doesn't want to put his foot in it as he sometimes does when he speaks to public. he wants to stay above the fray. he must be regard's as the favorite to win the democratic nomination. maria: he's only done one rally. he's keeping on the low profile. go ahead. >> he's keeping a low profile. he doesn't want to mess it up. he wants to run as the guy who
was vice president to obama, not as the joe biden that people knew before. maria: hugo, good to see you. thanks so much. coming up u.s.-iran relations. we'll have details next. tsa money maker, security officials raking it in with a lot of money found in security bins. what they're doing with it and how much it all totaled last year. wait until you hear it. back in a minute. ♪ only in america. ♪ dreaming in red, white and blue. ♪ only in america. ♪ can we dream as big as we want to.
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 but give them a cookie and a star.
the start of trading, 40 points on the dow, s&p a 500 down 8 points, nasdaq currently down 17. this after markets closed higher on friday. the dow was down for a fifth week had in a row for the week, on friday the dow was up 9 a 5 points, the s&p was up 3, the nasdaq up 8 points. in europe this morning, stocks are edging lower. fq100 down 7 points, cac in paris down 30 and the dax index in germany down 533. i53.in asia, best performer was china, shanghai composite up of two-thirds of 1%. the first trial linked to the opioid crisis is getting underway today. a major change for the tsa, it includes marijuana, the details coming up. serena williams makes a statement at the foreign open and it was not her -- french open and it was not her play. the message she sent in this outfit, coming up. all those stories coming up this
tuesday morning. our topl top story this half ho, u.s.-iran tensions. president trump stopped short of suggesting regime change. >> i'm not looking to hurt iran at all. i'm looking to have iran say no nuclear weapons. we have enough problems in this world right now with nuclear weapons. no nuclear weapons for iran. i think iran has tremendous economic potential and i look forward to letting them get back to the stage where they can show that. i think iran -- i know so many people from iran. these are great people. it has a chance to be a great country. with the same leadership. we're not looking for regime change. i just want to make that clear. we're looking for no nuclear weapons. maria: as you heard, the president said that a deal with iran is still possible. joining me right now is retired general, general jack keane. thanks for joining us.
>> good to see you. maria: what is your expectation for iran? you i mean, the president said just there a moment ago, i don't know if it was a slip of the tongue or what, but he said we are willing to make a deal with iran. we just don't want any nuclear weapons. so what might a deal look like? >> well, first of all, he got out of the jcpoa or the nuclear deal in 2015 because he thought it was a lousy deal. anybody that is advising him wil tell you if you've got a lousy deal, replace it with a better one. hiintention has always been, to impose a better deal on iran. and that's what he's been doing since last year when he walked away from it. here's what needs to be done. the sanctions that h he is em posing on iran are -- imposing on iran is due to the aggressive behavior in the region, supporting hamas, firing 400
rockets intos israel, the hezbollah encroaching on israel, supporting the militia in iraq, where they forced the closure of our consolate. they fired a rock rocket at our embassy in baghdad. recently, it's believed by the countries in the region, they sabotaged two tankers in the gulf of owe ma -- oman. iran's behavior hasn't change despite the sanctions. we've have to stay on top of them. the nuclear weapons wouldn't be as big of an issue if iran wasn't a rogue state. that's the central issue. their behavior in the region. maria: the president's well aware of this. let's move on to north korea, speaking of rogue. recent missile tests there as well catching the attention of the world. while in japan, president trump was asked about the recent launches. listen to his answer. >> he believes like i do that north koreas has tremendous
economic potential. like perhaps few other developing nations anywhere in the world. and i think that he is looking to develop that way. he knows that with nuclear that's never going to happen. only bad can happen. he understands that. he is a very smart man. he gets it well. >> you're not bothered by the small missiles? >> no, i'm not. i am pursuing that. maria: japan's prime minister said the tests violated the security council resolution. he called them extremely regrettable. how do you see it? >> i agree with the prime minister on that, prime minister sabe. those missiles can raze japan. i think what the president is saying is that kim is trying to get our attention by escalating, if you remember a few weeks ago a small anti-tank weapon, new weapon, then a rocket and then a rocket of greater range, a missile following that and now a short range ballistic missile,
all that escalation is designed i think to leverage president trump to a assist kim in his negotiations. he walked out with an empty deal the of last time. he didn't get sanction relief. that's what he's trying to get here. it is a serious violation of u.n. resolution, the president doesn't take it that serious because he thinks it's a negotiating ploy. maria: so it feels like over the weekend it was this growing italian issue was the main macro story. there was a comment from one player that says he's not in favor of sanctions for italy. but there are issues around trade. so it's not just u.s.-china trade we're worried about. the president is trying to do a trade deal with japan. he needs to do a deal with europe. how are you seeing all of these trade uncertainties, general, because i recognize the president likes to brag that we're getting all of this revenue because of the tariffs. but this uncertainty is keeping a hold on markets progressing.
>> yes, i think most of us looking at that, even from a national security perspective, we recognize that the strong economy actually provides us significant amount of impact on national security. i mean, the engine of capitalism which drives our economy clearly helps to provide us with the kind of military capability that we need and the trump defense buildup is essential to dig us ott of the hole that we've been in for the last eight to 10 years. most of us looking at it from the lens of national security would like to see the trade and tariff disputes to end as soon as possible, to make sure this economy is sustained. maria: i mean, we'll see what happens. but the u.s. -- the e.u. parliamentary elections also i guess weren't as bad as some people thought. what about the president's visit to the u.s.s. wasp, on-board the president said the new electric catapult design is all wrong.
polling the crowd to see if they like it or the steam system that's been used for years. watch this. >> they have a $900 million cost overrun on this crazy electric catapult. i said what was wrong with steam? i would like to know. all of the folks that know exactly what i'm talking about, the cat put system -- catapult or electric? ready? steam? [ cheering and applause ] >> electric? he works for the enemy. maria: the president having fun in japan. general, your reaction. >> he's putting himself in the middle of a dispute. a lot of military technology is one of a kind technology, not found in the private sector. it takes years to work out because it's so complicated. our history is complicated new technology, we have problems with it, but we sort it out.
i say stick with the new electric magnetic technology. it's considerably safer, enables us to get planes off the deck quicker, enables us to get light and heavy planes off the deck. steam is not as reliable, it's more dangerous, we get sailors hurt and doesn't have the flexibility dealing with drones. i wish the president would back off, let the navy solve the technology problems. they will solve it. maria: i've spoken with secretary mike pompeo a number of times about china, really focused on the national security threat and the risks around national security as relates to china. give me in a nutshell your thoughts on china and what they're doing in terms of their own military, trying to compete with the u.s., general. >> first of all, they have two thrusts. one is the economic thrust which you're aware of that you see as a predator around the world, taking advantage of nations, making major investments. the second is they are growing quickly as the largest military
in the world and also being technologically capable to the united states. they caught us in a lot of the advantages that we have had. they clearly have a military capability that is beginning to dominate the pacific region. and that's what clearly is on their minds and replace the united states as the global power in the world today. it is their military that's going to help them do that as well as their huge economic engine. maria: which takes you book the south china -- back to the south china sea to see the bullying going on, the most recent provocations. general jack keane joining us in washington. a deadly stabbing in japan, cheryl casone with that story now in headlines. cheryl: yeah, maria. a man allegedly carrying two kitchen knives attacked commuters waiting at a bus stop outside of tokyo. an 11-year-old girl and 39-year-old man were killed. the assailant also confirmed dead by a self-inflicted stab
wound to the neck. 13 other people were injured. police are looking for a motive in the attack. the first major civil trial against prescription opioid makers begins today. oklahoma is suing johnson an beyond son. they allege they helped ignite a public health crisis a that killed thousands of oklahoma residents. teva pharmaceuticals and perdue pharm a a have settled with the state. an epilepsy drug containing cannabis has been approved by the fda and cleared for air travel. tsa allows the drug onto flights. they stress the possession of marijuana remains illegal under federal law. the tsa collected nearly $1 million in loose change in its bins. every year, basically. a recent proposal from the department of homeland security
asks the tsa for loose change to be used in border security if the funding request isn't approved. jfk in new york collected 72,392. it's not just loose chains, it's wallets with large bills in them. you know you've done it, you walked away and said i'm missing something crucial. my wallet. maria: it's in the bins. thank you, cheryl. >> i would love to know how many iphones and ipads and labtops. maria: that too. >> i would like to think they could return the wallet. your i.d. is in there. don't steal those, t.s.a. your approval rating is low enough. dagen: you can't walk through with your i.d. in your hand, you're not supposed to have anything. by the way, a portion of the security fee that you are charged when you purchase any airline ticket in the united states is diverted, thanks to congress, for budget reduction. it's not even spent airport security. that's how stupid lawmakers are.
maria: they diverted it to what? dagen: to budget reduction, to reduce the budget deficit. maria: i he see. see. okay. wow. serena made a statement on the court. er french open look getting a lot of attention. we'll take a look at that when we come back. stay with us. run with us. in the unstoppable john deere gator™ xuv835. and be prepared to go the extra mile. because when others take rain checks... ...we take the wheel. with 3-wide seating, heat & a/c.
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structure should stay or be replaced with a graduated income tax. the illinois house approving the question that kept along part lines. the flat tax rate has been in place since 1970. the san francisco chronicle writes oakland's pothole vigilantes address gaping problem. this crew works at night, fixing dangerous road craters, residents cheering them on. oakland officials not so much. the denver post says smash and grab thief steals $42,000 in comic books from denver store. a burglar smashing showcases at mile high comics, making off with rare and expensive goods, including the first avengers and iron man comic books. the burglar apparently cut himself on broken glass and tried to clean it up with a
paper towel. wow, what a story. they are expensive, they're collect ables. >> you're going to fence those and no one will know they're the stolen ones? i think it's a narrow market. if they show up on ebay, you know the culprit. >> he left his dna all over the place. i think we'll find him. maria: how about that tax in illinois, a flat tax, graduated income tax. >> i know. >> that's a debate that is going to rage on, because they're going to want -- some of the folks on the left want to regraduate the taxes. dagen: that's a state in a downward spiral. we've seen people leaving the state, and it becomes this downward cycle where, again, your tax base leaves and then you're left with a huge welfare state. maria: how do they not know that? dagen: don't expect politicians to know anything. [ laughter ] dagen: about anything, other than how to get reelected. >> they're leaving new york too. maria: they're leaving new
york, they're leaving connecticut, leaving new jersey. it's becoming a trend. quick break and then serena's face statement this weekend, the tennis great's on-court outfit gets plenty of attention. we'll take a look when we come right back. ♪ i want to know. ♪ does this feeling flow both ways. ♪ i'm hoping that you stay. ♪
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maria: welcome back. it has been 49 years since the st. louis blues were in the stanley cup final. the team doing something special for its employees. jared max on sports now. jared: good morning. the st. louis blues said thank you to the core employees and players wives for their commitment and sacrifices. the blues flew everybody to boston. of watch this.
>> let's go, blues, let's go, blues, let's go, blues. jared: that was yesterday. they callethat's why they call e blues. they jumped out to a 2-0 lead. french open tennis is back, so is criticism over what serena williams is wearing. while she wears full length leggings to protect against potential blood clots, she worthies outfit and it features the words, mother, champion, queen and goddess. she won't be allowed to wear it again. they said one must respect the game and the place. one day after we lost bart star we said good-bye monday to bill buckner. he lost his fight with dementia. his 22 year career became
stamped by a critical error in game six of the 1986 world series that opened the door for the mets to beat the red sox. cleveland cavaliers owner and quicken loans founder dan gilbert recovering from a stroke, 59-year-old felt ill on sunday and went to a hospital in detroit and suffered a stroke there. dan is awake, according to dan forner, the ceo of quicken loans. dan gilbert resting comfortably. he and his family are immensely grateful to doctors and nurses who early intervention is paying dividends towards his recovery. wishing the best to dan gilbert. maria: we wish him well. >> he's a young guy too, in his 50s. jared: 59. maria: they got to him quickly,
that's the key. jared: glad that he's resting comfortably and on the mend. bill buckner, also 69, a young age and a man whose career was marred by one play and he did so much more. i think it goes to show sometimes we beat up on players or people in sports and we forget they're human beings and that long after they still go on with their lives. it took larry david from curb your enthusiasm putting him in a fun episode to make him a hero once again. the red sox evidence p onlily cam--eventually came around. dagen: serena williams should be allowed to wear whatever she wants to because she is the greatest of all time. jared: if they have a problem at what they're wearing, why not look first. dagen: a famous fashion designer designed that. leave her alone. maria: thank you, jared. catch jared's sports reports on fox news headlines, 24/7 or sirius xm xm115. quick break, still ahead, a possible blockbuster deal in the
auto business. fiat chrysler proposing a merger with renault to create one of the largest automakers in the world, details next hour, "mornings with maria." stay with us. 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. woow!atter what you trade, at fidelity 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.
maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, may 28th. your top stories right now. new trade uncertainties, president trump speaking out during his trip to japan. >> they would like to make a deal. we're not ready to make a deal. i think some time in the future china and the united states will absolutely have a great trade deal. we look forward to that. maria: what it means for investors this morning as markets reopen after a long holiday weekend. futures indicate a fractional decline this morning, markets are searching for direction after the holiday weekend. dow futures down 15, s&p down 5 and the nasdaq futures right now down 5 and a quarter. markets closed higher on friday. but were still down on the week,
for the fifth week in a row. the dow friday up 9 a 5 points, s&p was up 3 and nasdaq was up 8 and three quarters points on friday. in europe this morning, markets are lower. take look. fractional moves. fq100 just slipped into pot testifpositiveterritory in lond. the dax index lower by 28. in asia overnight, gains across the board. as you can see there, best performer was china, shanghai composite up two-thirds of 1%. extreme weather to report, tornadoes leaving a trail of destruction across ohio and indiana. plus major flooding concerns. we'll take you live to arkansas coming up this morning. a major auto merger proposed, fiat chrysler proposing a tie-up with renault creating the world's third largest automaker. work burnout and video game addiction concerns, now official i'll kneeses. joining me to break it down, dagen mcdowell, pwc partner, mitch rochell and cleary
strategies president, former white house core upo correspond, ronica cleary. >> we would have thought the market would have been down more on friday. durable goods was a disappointing number. i think the traders didn't notice, left for the weekend. i think trade will start weighing on the economy and start to weigh on the market. maria: there's a lot of uncertainty. we don't know where u.s.-china deal might be or if we will get a deal. the president's trying to get a deal with japan. and now there's new criticisms about leaving tpp, given that china's behavior is what it is and we know that it's not going to be that easy to get a partnership with china. people are wondering did the president make a mistake by walking away from tpp which effectively made china stronger in that region. dagen: i said that when he slapped -- first started slapping tariffs on our trading partners.
because people always give me a lot of heat on social media about, well, what's your plan? what's your idea? it's not my idea. it's the ideas of people who are a hell of a lot smarter than i am who i talk to. that was one of their major sticking points is don't pick fights with china and mexico and our allies with the steel and aluminum tariffs, lock arms with them, go to the world trade oranization and he should have stayed in tpp. that would have given him a lot more leverage over china. but here we are. and this is the strategy and you've got to follow it through. maria: now he's got to do deals with others in the asian region. so that we're not so reliant on china. >> all of this those be considered in the context of his athe tempt to be reelected. because the economy and the stock market are undoubtedly his strengths. he has support, bipartisan support, at least amongst the people, maybe not amongst politicians, for where the economy is. this needs be addressed sooner
rather than later. dagen: despite market action on friday, the dow is down five weeks in a low, the longest losing streak in eight years. apple in particular is down almost 11% in the month of may. that's a big move in one of the most valuable companies in the nation. maria: it sure it. it's a dow component as well. u.s.-china, president trump is now on his way back to washington following a state visit to japan. the trip coming amid heightened tensions over a trade truce with beijing. talks have stalled ahead of the highly anticipated meeting between president trump and xi-jinping, which is expected at the g-20 summit next month. in bilateral meeting with prime minister shinzo abe, in japan, president trump discussed the state of china trade as well. >.joining us now to talk more about that clete williams. thank you for joining us. your reaction to what took place
in japan and how we should be looking at a potential partnership with china. >> yeah, i think that the japan trip was a success for the president and for the administration. i was really pleased to see leading into the trip the deal on beef and i'm glad to hear that both sides want to intensify their discussions. i was listening to the segment before this where you were talking about the importance of working with allies. i agree with you wholeheartedly. i think we need to make progress with japan, with canada and mexico and the usmca and show china a unified front. i think that will make it a lot easier for the united states to get a deal. >> i'm curious to hear your reaction to if there is some sort of strategy behind the president now saying he's not ready to make a deal with china, it seems a little counter-productive. >> i think what the president was signaling was that the united states continues to play the long game, the president feels that the economy is in strong shape and that the united
states can sustain the strategy that it's employing. i think he thinks they can do so more effectively than china can. i think that's what the president is saying. he did also say ultimately he thinks there will be a deal. so i think that context is important. i think the steel and aluminum deal with canada and mexico recently makes a big difference from the u.s. negotiating position. one of the big things that we're facing is retaliation against farmers. there was a lot of retaliation from canada and mexico. that's now off the table. and i hope the administration can pursue a similar deal with the european union. there's a lot of retaliation against u.s. agricultural products from europe. i go back to what you all were saying, which is if the u.s. can work with allies and show a unified front, show china it's just not the united states versus china, i think that we're going to have a lot more progress.
dagen: the usmca is there any indication that speaker nancy pelosi will move this deal? again, the trade negotiators working in the white house worked very hard on that deal and she is intentionally sitting on it. hoping to help the democrats next year. >> i think usmca is a fantastic deal. i don't think there's any other trade agreement that's been negotiated that's more deserving of bipartisan support. if you look at it, if you look at the core democratic constituencies, the core democratic issues, labor, environment, currency, we have strong enforceable provisions for the first time ever in trade agreement. you look at the republican side of things, you look at the provision that's we have intellectual property, breaking down agriculture bears yesterdays, there's great financial services pro provisio. there's excellent provisions on digital trade and you also have autos rules that will bring a
lot more investment into the united states. the conditions are there on the substance for a deal. i think speaker pelosi, i understand she's been having very good open conversations with ambassador lighthizer and i hope that the larger political issues don't get in the way here. when it comes down to substance it's a phenomenal deal. as i mentioned before, i think moving forward on usmca improves the chances for a deal with china and so i really hope there can be more progress in the near term. dagen: i don't believe for a second that the democratic leadership wants to hand president trump a win in any way, shape or form. newt grin give grip says what -- continue grip says what -- newt gingrich says what does form her hand, is the 41 democrats that helped her get her job back, if ththe consistent sitthe constitg their congressman and starting
complaining, that could move the ball. maria: she said she's not bringing it to the floor for a vote just yet. even though it's likely going to pass, if she brings it to the floor. so that's the problem for her. >> i agree with what the former speaker said about really tar targetting democratic congressmen and women who are in the districts that are going to benefit. i went through the list of all the beneficiaries. i think that's important. i also think it's important that the rhetoric here doesn't get too heated between the republicans and democrats because this is a great deal and i think man ambassador lighthizs working really hard with speaker pelosi. we need to let that continue and play out. the trade votes are never easy. >> part of the reason i think democrats were able to take so many heat seats in the house in8 is because they were in districts that were moderate. they were willing to thereon the constituents. i hope the chaos of 2020 doesn't
cloud their judgment and better thinking when it comes to making a decision that would undoubtedly be better for the uniteunited states. maria: now canada is agreeing to it. mexico has agreed. the deal is in place. they've made tweaks in terms of labor. we'll see what the speaker has to say about why she's not bringing it to the floor. then there's huawei, the founder of huawei spoke out for the first time in more than a decade over the weekend. he did an interview with bloomburg. he discussed president trump's remarks on adding huawei to the u.s.-china trade deal. he says this, it's a big joke. how are we related to china-u.s. trade. if trump calls i will i'll nor e him. if he calls me, i may not answer. he doesn't have my number. in regards to i.p. theft. he said i stole the american technologies from tomorrow. the u.s. doesn't even have those technologies. we are ahead of the u.s. if it were behind, there would
be no need for trump to strene strenuously attack us. fed ex is apologizing for mishandling huawei packages. they're basically bullying fed ex probably because of what's happening with huawei and the u.s. how do you see this and obviously there's huawei equipment installed throughout the world, not just in europe and africa but also in rural areas of america as well. >> right. well, there was a lot there. i'll choose to focus on where the huawei ceo said that he would oppose retaliation against apple. i mean, we've always said that huawei on the staff level anyway, we've always said huawei shouldn't be part of the deal. obviously the president is the president and the final decision maker on that. but i do think from a national security standpoint, the u.s.
needs to be careful about allowing huawei equipment to continue o to be installed in te united states. maria: i don't know what huawei is talking about, saying they haven't stolen anything and they stole everything from tomorrow because mitch, i've got a list here of companies that have sued huawei and they've settled with including t-mobile, motorola, cisco, microsoft, intel. the list goes on, about the trade secrets that were stolen from american companies. >> no he question about it. i think the big issue is security. because if huawei becomes ubiquitous around the world and in our country, there's no limit to what intellectual property could further get stolen or trade secrets or just conversations that people are having. maria: we know they're tracking their citizens. are they tracking american citizens as well? >> look, i don't want to get into all the elements of a national security issue. let me just say, i think the evidence is clear that over time there is a track record of concern with respect to huawei's
behavior and i think that's why you see the administration moving as they did to limit their access in the united states. maria: we'll leave it there. thanks so much. >> thanks. maria: coming up, tornadoes ripping through america's hard heartland this morning and over the weekend. millions of people in ohio are waking up without power this morning. then reshaping the auto industry, fiat's proposed merger with renault could make it one of the largest car makers in the world. details coming up. 8 and three quarters percent higher in the premarket. stay with us. ♪ i want you to he know that it's our time. ♪ you and me lead the same life. ♪ i want you to know that i'm all yours. ♪ you and me, we're the same force. ♪ i want you to know that it's a sign.
extreme weather to report. tornadoes leave a trail of destruction across ohio and indiana. dozens trapped in their homes, at least 5 million homes are without power. this as devastating flooding hits parts of oka oklahoma and arkansas. ray bogen is in arkansas with the latest there. good morning to you. >> reporter: good morning. we're in a neighborhood that we've been watching closely overnight and this water is slowly but surely getting deeper and deeper. from what we understand from some of the residents here, it's been getting deeper over the last 36 hours. the national weather service is predicting that the flooding here in arkansas is going to be at record levels. in fact, it's predicted to crest at 20 feet above the flood stage and we could get more severe thunderstorms tomorrow. so we're going to be keeping an eye on that. but as you know, arkansas is not alone in this severe weather. indiana and ohio have also seen rain and tornadoes.
madison county, indiana, 75 homes were damaged and emergency crews are going door-to-door to check on everybody inside. if we head over to ohio, there were tornadoes that were described as, quote, large and dangerous. there was a mangled car and the department of transportation there was trying to get the i-75 back open. listen to how one person described a very terrifying experience. >> a tornado just hit our house. [ crying ] >> oh, my god. oh, my god. we were just sitting out here. [ crying ] >> reporter: these residents here have evacuated but as you can see, before they left they put in a lot of work, trying to cover their garage doors and windows with sandbags. the army corps of engineers and local organizations have given out tens of thousands of sandbags to try to prevent the
flooding. if we want to look at the national impact of the flooding, the army corps engineers said yesterday $4.5 billion of goods comes through the arkansas river in this area every single year including raw construction materials and agricultural products. maria, back to you. maria: ray, thank you so much. ray bogen. we'll be watching there in arkansas. coming up, kids and video games, global health officials are urging parents to monitor screen time for your kids. we'll tell you why, coming up. then a robot sketching he mona lisa. see what else it can do. back in a minute. ♪ look what god gave us. ♪ how perfect he made us. ♪ she walks in the room. ♪ it's like he answered my prayers. ♪ the way that she moves. ♪ how could anybody blame her. ♪ i know -- my body is truly powerful. i have the power to lower my blood sugar and a1c.
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maria: welcome back. a potential major merger in the auto industry. cheryl casone on headlines now. cheryl: that's right, maria. fiat chrysler proposing a tie-up with renault. it would create the world's third largest automaker by production. complicating any deal, though, renault and nissan's 20-year-od partnership. nissan owns 15% of renault. shares of fiat chrysler higher in the market, up almost 9% right now. two payment companies now seeing a merger -- announcing a merger, global payments and total system services are combining, an all-stock merger. the combined company expected to provide payment solutions to more than 3.5 million small to mid-size merchants, more than 1300 financial institutions. total system's ceo will be the compare man ochairman of the co. alibaba is proposing to raise
$20 billion through a listing in hong kong. the application may be as early as the second half of this year. alibaba raised more than $25 billion in new york. taking a look at the stock, slightly higher in the premarket right now. finally, it is official, the world health organization says work burnout is, yes, an illness. the signs of burnout you may know them on your own, personally, exhaustion, depression, negative feelings about your job. and video game addiction also ruled an illness on the same list an gambling and abusing drugs, maria, like cocaine. so burnout, a real thing. watch out, folks. maria: see that. called vacation, take it. that's the medicine. absolutely. dagen: that's the problem, though. you were raised by a family who worked 24/7. maria: absolutely. dagen: seven days a week. i was raised by a family who they literally worked, ran a small business, worked every
single day. i wasn't raised knowing what a vacation was. we went away for a week maybe once in my entire childhood. >> i would like them to study motherhood burnout. i think i might be a victim of that. but i can't switch jobs there. so i'm kind of stuck. we'll have to figure that out. maria: you can't take a vacation day on mom duty. >> it's real. we all know that's rule. you've got to love your job. >> we had family owned business. my father never took vacations. i always wanted to go on vacation. now i ruined it for my kids because we're always going on vacation. see that. i ruined the cycle. maria: but that's good. >> it is good. they don't have the work ethic that i probably have. dagen: did you throw your own children under the bus? >> three years, i've been throwing my kids under the bus and myself on the show, so why should i stop now. maria: coming up, border battle, a federal judg temporary blocking the trump administration's plan to spend
billions on a wall. the latest coming up. sports illustrated has been sold, details on the deal straight a ahead. back in a minute with that. ♪ this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go.
maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, may 28th. your top stories right now. trade uncertainty weighing on markets once again, futures indicating a decline at the start of trading after a long holiday weekend, dow futures down 29 points, s&p futures down 6, nasdaq futures lower by 12. this after markets closed higher on friday. the dow was up 95 points, a third of a percent. s&p was up 4 points, nasdaq was up 8 points on friday. however, it was l still a down week for the dow, marking a fifth week of declines in a row.
in europe this morning, stocks are mostly lower although it is fractional. take a look at the fq100, just slipped into positive territory. the cac in paris is down 23 and the dax index in germany lower by 38 in. asia, gains across the board. best performer china, shanghai composite up two-thirds of 1%. the border battle is heating up. weeks after i visited the u.s.-mexico border, a federal judge blocked president trump's border plan. the legal fight coming up. sports illustrate sed was sold. what the nine figure deal means for the iconic magazine and art under the sea, check this out. find out where you can visit the museum in the ocean. yes, all those stories coming up right here. and our top story this half hour, impeachment battle. president trump is slamming democrats over talk of impeachment. accusing the party of getting nothing done in congress. the president talking about the democrat response to the mueller
report just yesterday. watch. >> well, there's never been a president more transparent. the mueller report came out. no obstruction. no collusion. no nothing. it's beautiful report. the democrats cannot understand what happened. they really thought they had some people on their side because as you know the people doing the investigation were 18 extremely angry democrats, many of whom worked for hillary clinton and supported hillary clinton. and bob mueller, i guess you could say he wasn't a friend of mine but he did something that was really the right thing to do. they were very disappointed. they can't get over the fact that never spoke to russia, never dealt with russia, having to do with the subject we're talking about. maria: joining me right now is former u.s. attorney and avenue strategies partner, bo bob summinse. what's your reaction to all of this? here we've got the president still talking, the media, still talking about the mueller report
even though what the president said was true, no collusion. they're trying to i guess muddy the waters because they don't want to see william barr pursue what he said he would, and that is investigating the investigators from the 2016 election. >> yeah, they're trying to stop the attorney general from doing what the attorney general should do and go backwards and try to see what happened in all these investigations because the department of justice lives on its credibility and it has really been tainted by the way the hillary e-mail investigation was conducted, the events that led up to the mueller investigation, and i think there's actually some problems with the mueller investigation. you and i have -- were having discussions, i don't know, 16 months ago, we didn't know what we didn't know. now we know, we were right on point. there was no collusion. why did that investigation take two years? at what point did mueller know
that the investigation was based on false accusations a and why did the investigation keep going so long? maria: yeah. i mean, that's what i was asking right after the mueller report was distributed, because he had to know very soon into it that there was no collusion and yet we didn't know until well after the november elections, the midterm elections. do you think there's going to be accountability here? do you think the impeachment effort will be successful? >> you know, i think the itch impeachment effort will not be successful. there's nothing to impeach him for. i think politically it will be a bad idea. i think the main point is, congress is not doing. maria: yeah. >> we've got so many important problems in this country that congress needs to be addressing. border security is probably at the top of the list. they're choosing to argue over these make believe arguments, first it was collusion.
when that turned out to be a boldfaced lie. then they turned to the attorney general is trying to deceive us which is ridiculous. now they're on some kind of coverup theme. it's all made up. and they're trying to build a smoke screen and they want to try to hurt the attorney general's credibility. i don't think it's going to matter. it would be flies if they get up there and work more than two days a week and actually address some real problems in this country that they need to be addressing. dagen: bud, it's dagen mcdowell. the left wing liberal ill logic in washington seems to be the democrats should start impeachment proceedings in order to then be able to dig up dirt that they could then try to impeach the president with. because again, if they're going to try to impeach him for obstruction of justice, based on the mueller report, do you think they begin impeachment proceedings in the house of
representatives? >> i missed a little of that. i lost your audio for a second. if you're asking me -- dagen: i can repeat it. the ill logic seems to be that they need to begin impeachment proceedings which would give the house democrats more ability and greater investigative powers over the white house and the executive branch so they could dig up dirt on the president to try an impeachment. it's the upside down world of liberal politics. maria: they got their guy already. now they have to find the crime. that's not the way we do things in this country. you find a crime and then you pursue the crime and who committed the crime. that's no wha what we're doing . >> it's been that way from the beginning. it's been that way from the beginning. they kept saying indictments, sealed inindictments. they couldn't tell you what they thought the indictments would be about. they were sure indictments were around the corner. they've never been able to
articulate a crime occurred. i think it's a ridiculous notion. maria: how much resource did robert mueller have? the number of people that he could speak to, the number of agents on the case, the a amount of money, $40 million, he couldn't come up with a judgment? on obstruction? >> he was not limited at all. maria: exactly. >> he had access to -- maria: that's why he got the money, the unlimited resources. >> i can remember being on your show at the time he was appointed and wondering, you know, the president said 18 angry democrats. i think at the beginning it was maybe 14 angry democrats. but my first reaction to that was 14, because we were already seeing that the evidence, that the steele dossier was probably fake and it might just be a nothing burger. why did he need 14 assistants and all those agents to get that started? it seemed to me that two or
three assistant united states attorneys and half dozen fbi agents could have done preliminary work on that and gotten to the bottom of it pretty quick and how did they possibly write a 450 page report and never address the nature and the origin and the credibility of that evidence that started the whole thing. maria: that's what we talked about, two years ago, where we questioned wait a minute, why were they investigating him in the first place and that's what william barr is looking at right now. i'm thrilled that we actually have an a.g. in place who is pursuing the truth. you can't put your finger on the scale when you have this position of power like a handful of people did in fact do at the top of the fbi and the doj. we know that now. >> he'll do it in a nonpartisan way to restore the credible of the doj. he's going to d quietly. they're going to write objective reports. these are tools we have, they're powerful tools, should only be
used in the proper predicate, 23ina proper way. dagen: i have a dumb, basic question, bud, that i want to ask you. because i believe and i don't think this has changed, the john durham review of the investigators and the predicate, looking for any kind of evidentiary basis for the launch of the investigation, it's not technically an investigation yet. so he doesn't have subpoena power at the moment. he doesn't have the power to impanel a grand jury. how quickly could that change? like how does that legally change by the attorney general, bill barr, and john durham? >> i haven't followed his work closely. so i don't know how they're using the grand jury or if they're using the grand jury. but if what you say is correct and they have impaneled grand jury for this purpose, that's a low bar. as soon as they need subpoenas, they can go to the grand jury and ask for them.
but i think that they're going to do a measured analysis of what happened, like they should do. maria: you mentioned -- >> keep their mouths shut and go as far as they need to go. maria: you mentioned what was critical. they used tools that are to be used in terrorism cases. they used extraordinary tools to investigate somebody who they really did not have any reason to do so and they used the highest and biggest, most important tools that the intel industry has and that is wiretapping and informants, putting informants at george papadopoulos and wiretapping of carter page because they were members of the trump campaign or some diss hocampaign--or someho. >> the most important thing in the story is the power that federal law enforcement has to invade your privacy in ways that you -- you may not know they're looking at your bank accounts, at your phone calls and going
out intimidating people. maria: which is now we know trey gowdy dropped the bomb the other day when i had him on my sunday morning futures program, he said there are transcripts of those informants, when the intel guy from italy or downer from the u.k., when they reached out to papadopoulos, there are transcripts that we need to see because it's going to be in those transcripts that will be so obvious that in fact they were nobodies in the scheme of things and should not have been investigated. did you see that the president did declassify certain documents? do you have a sense of what's important about the documents that the president declassified at the end of last week, bud? real quick, before we move on to the border. >> the reaction to him declassifying the documents, my first reaction is they're probably necessary to give access to the inspector general for him to complete his work. that he can't really explain what's happened without the
declassification of some of those documents to explain how they were used and whether they were used wrongfully. that was my first impression. i imagine they're going to be useful in other ways and i hope they're used very responsibly. when we have to restore the credibility of doj, and it is in a shambles right now and the fbi and doj frankly have a culture problem that is not isolated to this investigation. and i hope the attorney general does a very thorough review of doj and how they're handling these investigations. maria: looks like that's why he's got the x on his back for democrats. >> they do not want the investigation to happen. maria: a federal judge temporarily blocked the trump administration's plan to spend bill yofns obillions of defenset dollars on a wall along the southern border. president trump declared a national emergency to get that
money. what's your take on where this stands today. >> >> it's a national emergency in my book. we are being overrun. our resources are being overrun. he took that approach as we all know because congress was immovable and made it a political issue and they didn't want to cooperate. it's outrageous. and there's no american -- i don't care what your political beliefs are -- that should stand by and allow the democrats to not address this problem. it is a national emergency. it's already costing us not only dollars but in our safety and it's going to get worse and we need to address it in a substantial way. so the courts are going to do what the courts are going to do. but the president's in that situation, only because congress is not doing their job. maria: right, right. >> they're not only weaponizing federal law enforcement, they're weaponizing the legislative process. they're not getting their job done. they're just playing politics
24/7. maria: which is in and of itself obstruction. they're obstructing progress because of their inability or unwillingness to address the issues that the american people want them to address so that they're looking a all over the place for a crime around the president which so far they haven't found. bud, it is good to have your insight on all of this. by the way, you said that the situation is overrun. i saw it firsthand. a lot of our border protection guards are actually changing diapers, taking kids to hospitals, because so many kids are coming over the border and they're sick. because they've been on -- they've been walking and hitchhiking with -- >> i hope you go back and expose that. those were great shows. maria: thank you so much. good to see you this morning. thank you. coming up, sports illustrated was sold. details on the iconic magazine's mega deal and then art under the sea, check this out. divers explore a unique museum below the surface. we're taking a look, next.
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...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. maria: welcome back. transportation secretary elaine chow cited for an ethics problem. cheryl casone with details in headlines now. cheryl: more than a year after she promised to divest her shares, transportation secretary elaine chow still owns a stake in vulcan materials.
this is according to a report released from the wall street journal. they are the largest supplier of materials using road paving and building. she was given shares as part of her compensation for serving on the board of directors. she said she would unload them as part of the ethics agreement as transportation secretary a year ago. the stock has gained 13% in value since her promise to sell, valuing her shares at $400,000. sports illustrated has a new owner. meredith selling the intellectual property of the magazine to authentic brands group. the price tag, $110 million. the unique arrangement, meredith is still going to run the magazine and website, authentic brands will handle the marketing, business development and licensing. talk about the story of artificial intelligence. a robot teaching itself to write in languages it's never seen
before. it's handy when it comes to sketching, recreating the mona lisa by looking at it. this is an underwater attar museum -- an underwater art museum along the florida keys. it was stong creat sunk to crean artificial reef. it's aimed at raising awareness about ocean pollution. it is beautiful and made for some great pictures as well. maria: i love that. that is so nice. meanwhile, that elaine chow story is interesting. that stock of vulcan worth $400,000 since she said she would sell it. that's a pretty pricey ticket she's got, that she's holding still. cheryl: we'll see how she responds to the general report. maria: we will see once they do -do-if they do get an infrastructure deal, what vulcan had to do with it. dagen: she ought to know better
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japan will join our mission to send u.s. astronauts to space. we'll be going to the moon. we'll be going to mars very soon. it's very exciting. and from a military standpoint, there is nothing more important right now than space. maria: that was president trump talking about the future of space exploration during his trip to japan over the weekend. women are making strides but are
still under-represented in the fields that make up stem, science, technology, engineering an math. our next guest is trying to change all that. joining us now is the mars generation founder and stem influencer, abigail harrison. it's great to have you here this morning. thanks so much. >> thank you. yeah. maria: your dream is to be the first astronaut to go to mars. why? >> because i think that it's the next step that the united states and the world as a whole needs take and someone needs to be willing to take that step and so from an early age i decided that i had a passion for space travel and i wanted to help push humanity forward in that regard. maria: what do you think you'll see there? >> a lot of rocks. [ laughter ] >> no, but actually my field of study a that i do research in is astro biology. so looking at the possibility of life in space. so with that, i'm hopeful that by putting humans on mars and continuing our research there, we'll find signs of past or present life and it will -- i'm not talking about aliens like we think about that, so not green
and 10 eyes but rather looking for things that are single cellular rather basic but that will allow us to find that first sign of life off of earth. >> a while back, bill marr got criticism to say we don't need to think about mars, we need to think about problems here. what is your reaction to peoplee that have that philosophy. defend why we need to explore places like mars. >> one of the reasons, one of the primary reasons why we need to be going to mars is specifically because of that, because we have so many problems here on earth that need to be addressed and need to be fixed. the way that you fix them is by having these unique solutions and innovations happen. and we only get those by really pushing ourselves, by challenges ourselves. space is the best way to do that, by pushing boundaries, by putting humans in situations that we've never faced before, pushing our limits, trying to do
more, go to the next place, do the next thing, we are forcing ourselves to innovate in order to not only survive but thrive in these environments. and so in doing so, we actually improve life here on earth. it's been shown there's incredible economic stimulus from space travel, incredible technological growth and innovation and it also inspires a generation to believe and to dream and to have a lot of hope and care and love for the planet that we're living on today. maria: great answer. >> thank you. dagen: really quickly, you graduated from wellsly, you said this friday. do you get a job fro with nasa? in layman's terms, how do you get to mars. >> that's a great question. i'm not an astronaut yet. i'm not affiliated with nasa yet. i'll grad wail wit graduate witr graduate degree. after that i'll go on to get my doctorate and then start
>> good tuesday morning. thanks for joining us. i'm maria bartiromo. it is tuesday, may 28 top stories right now 8:00 automate on the east coast, about new trade uncertainties this morning mountain trump speaking out, during his trip to japan, over the weekend, leaving the door open for a deal with china. >> i think they probably bush they made the deal they had on table before they tried to renegotiate it i think sometime in the future china and united states will absolutely have a great trade deal. maria: what it means for investors as markets reopen this morning after a long holiday weekend, markets closed yesterday, futures indicating a gain start of trading, markets had been searching for some direction this morning right now dow
futures up 22 points, s&p 500 exactly where it closed friday, and the nasdaq futures up 10 points, markets higher on friday ended the week down for a fifth week in a row friday's close shows gains across the board dow industrials up 95 s&p up 3 1/2 nasdaq up 8 and three quarters points 4:00 on wall street friday in europe talk with elections ft 100 up 23 points in uk cac quarante if are paris down a point dax in germany up one and half right now in asia overnight gains across the board, as you can see, best was china, shanghai composite up two thirds of one percent stream weather to report tornados leaving trail of zrugs across ohio indiana major auto merger possible fiat chrysler proposing a tie-up with renault creating tlairjsd automaker in the world how without reshape the industry. this morning, amazon back at
it eyeing new york city again. the retail giant reportedly looking for dismays in manhattan after walking a i away from that deal to put about headquarters near city coming up tuesday morning joining me to break it down fox business network dagen mcdowell, pwc partner mitch roschelle to rounder patron spirits could founder john paul mitchell simms cofounder great to see you j.p. thank you so much for joining us. >> very welcome. >> great show. >> great show. >> you came on set basically dancing with your new product. >> my -- rocket phone. >> give us a -- >> you betcha, we are disrupting shall we say mobile phone business by paring very advanced telephone services 3-d without glasses on the phone as well as life services, like telemedicine -- person talking to you on the he telephone if you are sick telling you what is wrong it
is a doctor writing prescriptions if necessary 70% all people that a go to doctor could have been handled at home other services for example, life insurance medical insurance legal advice you even have a therapist one hour every week part of bundle rocket, watching this month so going out walmart all the rest online now walmart.com rocket like a rocket ship r-o-k-i-t. >> price 299 should sell for 1500. >> a really good tease we are going to show in segment we will talk more about that top story u.s.-china trade, president trump commenting on tensions between u.s. and china, as he travels back to the united states, from japan. blake burman with the latest right now at the white house this morning, good morning to you blake. reporter: good morning to you as well president trump right now ao board air force one headed to white house will be here later this afternoon, as
he has wrapped up a four-day visit to japan part ceremonial as president to meet newly en throwned japanese emperor also discussed trade with japanese prime minister shinzo abe in asia president suggested trade deal with china is not on the horizon. snoos. >> there were -- make a deal i probably wish they made the deal that they had on table before they tried to renegotiating it they would like to make a deal we are not ready to make a detail we are taking in tens of billions of dollars of tariffs could go up very, very substantially very easily. >> president puntsdz on imposing auto tariffs would have had major impact on japan, while in that country president trump said he thinks there could be a trade deal with japan, at some point this summer. >> trade wise i think we will
be announcing some things, but that will be very good for both countries. >> we have to do a little catching up, with japan. because they've been doing much more business with us we would like to do a little bit more business in the reverse the balance will get the balance of trade i think straightened out remain. >> made before press conference between president trump and jaepz prime minister abe, abe was asked about president trump's comments about a possible deal between u.s. and japan in august, abe would not confirm that animal to say at this point that the two leaders agreed on quote, accelerating the talks between the ministers. >> blake burman white house joining me he former neb senator alan and company managing director bob carey a pleasure to see you. thank you so much for joining us reaction to what is taking place right now where we have
moved with china partnership. >> china aseaneded wto 20 years ago, they have been pretty steadily violating since i think pushback is well deserved, we are better off the moment trying to stay united with president trying to get a good trade deal. >> appropriate to push back what if we don't have a deal chinese reneged on everything they initially said they would agree to stopping the test of intellectual property. >> right the key question can you get chinese to agree to multilaterally not just by literally but multilateral agreements not successful getting that done i don't accept the idea look at trade deficit that in and of itself is bad. because i think that is that he personally i don't think bad economics but no question chinese have been stealing from us beginning of us unequal being a access have not been obeying rules of the world trays organization. >> what about about national
security threat huawei seems worse interview with bloomberg founder ceo of huawei talked about president trump's remarks potentially adding the company to the u.s.-china trade deal he says quote it is a big joke, how are we related to china-u.s trade? if trump calls i will ignore him then to whom can he negotiate with, if he calls me i may not answer, but he doesn't have my number in regards to ip theft he says i stole american technologies from tomorrow, the u.s. doesn't even have those technologies we are ahead of the u.s. if we were behind would be no need for trump to strenuously took us fedex apologizing for mishandling huawei packages after huawei questioned its relationship with fedex seems huawei is going to start bullying american companies, as the u.s. bullies huawei. >> look. i am not going to align myself with huawei i do think they are a government run operation. and every time ceo of huawei says i won't do what government tells me to do,
that is simply isn't true he will do whatever the chinese government tells him to do xi jinping has more power today than he did when he first became president of china. >> is it i had on a representative from huawei on this program he admitted that yes they have communist party members on the board. >> not just communist party members onboard they will do what chinese government tells them to do no matter what president does no matter what huawei does from national security standpoint we have to assume network is dirty if you are running -- if you are dan coats in charge of intelligence agencies they own lines a much bigger problem i hear the secretary of state talking about this as if a cold war we can have their network our network i don't think that is a good metaphor at all i think you've got significant national security problems i think important to address those, i don't think
you can assume that huawei is some kind of internet public company that won't do what chinese government tells them to do. >> what do we do then? huawei infrastructure is all over europe, huawei infrastructure all over africa there is also huawei infrastructure in rural areas in america. >> part of the problem we are not building our own from your so i think we have to address the problem, both with offense mechanism building our own making certain that they obey international rules, but i don't think you can ever get to a point where you can assume if you are -- if you are in charge of national security for united states you can assume that network is clean it is never going to be cloon you got to encrypt solve promise for presumption you've got a dirty network. >> president in japan yesterday made it clear he wants iran to have now nuclear weapons said yesterday stopped short of suggesting regime change in iran watch this. >> and i am not looking to hurt iran at all i am looking to have iran say no nuclear
weapons we have enough problems in this world right now with nuclear weapons no nuclear weapons for iran i think we will make a deal i think iran again, i think iran has tremendous economic possible. and i look forward to letting them get back to the stage, where they can show that i think iran i know so many people from iran, these are great people. has a chance to be a great country with same leadership we're not looking for regime change i just want to make that clear. we are looking for no nuclear westbound. >> -- weapons. >> reaction president said deal with iran possible we've seen provocations. >> first of all, he sounds a little like president obama just there. look. i think the bigger problem with iranians not nuclear weapons i would like to get to a point confidence not developing nuclear weapons a biggest prop in my view are
conventional forces killed earns supporting hezabollah hamas gaza houthi rebels in saudi arabia hostile towards not just united states but israel if it could come around get current leadership to say well, we are going to stop doing all those things, maybe there is a deal there but a much bigger change for them than just trying to get rid of nuclear weapons. >> which is why president is saying no nuclear weapons for iran i assume he understands they are supporting all these -- >> the reason i say so i understand like president obama if all you do is focus on nuclear wbs i miss big picture the big picture isn't nuclear weapons the big picture are surface-to-surface missiles they can put in persian gulf we've got fifth fleet in bahrain strait of hormuz don't want closed it isn't unusualing weapons current predanger to he is forces particularly in middle east but elsewhere. >> very, very important point what do you make of congress right now are they going to get anything done, in terms of
codifying usmca making sure that passes? holding strong against china, iran as well? >> this is going to be a longer around those than you want, first of all, it is -- it is basically nafta modified at margin it wasn't i voted for it, it is very difficult to vote for trade deals like that if you are a democrat because you've got organized labor working people see trade deals as being bad he know many things about nafta, there is no question that is true, it is a very, very difficult vote, and when president described as worse trade deal ever, you know wow we are going to get a revolutionary agreement we got small modification in the agreement would i vote for it yes would i vote for it but it is a very difficult vote -- >> what i am saying there are real important issues to get done, this congress is more interested in subpoenaing the president. >> i don't think that is accurate i think no question that -- on the house, guys have been elected to
investigate what the president has done and is doing. but i think they will get 13 appropriations bills done i think you are going to get significant area i think by -- bipartisan efforts in rural development rural economic development support for president trade policies i don't think that -- but dignification. >> you do see work getting done. >> yeah i think they will get a lot of stuff done. >> good to have you on the program. >> nice to be on your show. >> coming up mega auto he merger in the works fiat chrysler proposing alliance with renault creating the world's third largest ooument could reship a the industry next trail of destruction violent tornados through ohio parts of midwest brace for severe weather and flooding everything you need to know after this, stay with us. ♪
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welcome back ohio hit hard by two tornados other than that cheryl casone with details cheryl: that is right, catastrophic damage, across ohio, indiana sun rising at least five mill without power this incredible photo shows a car wrapped around a light post after storm hit a man capturing a monster activist one woman retrogressived terrified after manage to survive. >> tornado hit our house. >> -- oh my god just hittisitti out here. >> it happened so fast, this
man who is happy to be alive. >> scariest of my life honestly, we're lucky. we're lucky to be here. >> north of dayton city another twister knocking out the power there oklahoma arkansas bracing for flooding right now president trump tweeted, spoke with at governor -- of with whole last night in japan because devastating tornados told about family federal government behind him great people of oklahoma. >> fiat chrysler proposing deal with renault would create third he largest automaker complicating any deal renault nissan nissan owns 15% ren aument higher premarket 8 and a quarter%, theresa may
atakening final eu summit may meeting with european counsel president today less than two weeks before set to step down meeting coming after farage's populist party won big in european union parliamentary election says it proovrz britain should leave eu with or without a deal. >> i have that pancake giant poisoning with possib-- toying a name change pin ihop no longer pancakes on june 3 mixed reaction some say p for publicity stunt i vote for pasta. >> june 3 monday we want food that day okay. >> i will make the call. cheryl: got it. >> what would p be for. >> i am with cheryl could be
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are coming back home before college or starting their career i think parents need to have an openened realistic conversation set boundaries talk about expectation how long are they going to life there what are they going to be responsible for paying while there the most dangerous thing let young adults come home without any financial expectation, you are actual setting them up for failure once they move out now going to be responsible for everything so parents set boundaries p expectations help them understand how money works. >> what about that j.p. you've got kids would you force them to pay rent. >> i think a great idea, go out get a job even if 100
dollars a month that was a brilliant idea, i never used that i would get kids out the door go to work great even if very small amount of money, makes them responsible we do that with headlines in austin when we build houses charge them a little bit of money they feel part of the community. >> stake in the ground. >> exactly how do you have that conversation with your kids set rent level maybe accountant in me curious what is too much too low not dollar amounts sort of frame what is appropriate. >> mi think that is going to boil down to the parents, and them talking understanding kind of where they are and expectation. i think the biggest thing that is we are looking at this as a teaching moment an opportunity to help young people understand, that hey life isn't free there are costs there, so whether it is as paul was saying whether a hundred dollars 200, 300 contributing something, helps them feel responsible and feel like they are doing something,
and not just having feet propped up hanging out. >> dagen mcdowell if you are talking about working age children trying to teach lessons, at that point, too late. unless you say the rent is 500,000 dollars, every two -- >> can you afford it can't get a job and get out. >> i agree, i think we need to start talking to young people about money in junior high helping understand that money comes from work to help understand, budgeting saving investing all principals really, really necessary if they are going to be a productive adult later in life, even if you didn't give them an opportunity to learn by having the conversation, and, again, talking to them once is an introduction that is not teaching them you have to walk with them show them how to budget. maria: recent survey by federal reserve shows many households incredulous outrage uncertainty about retirement prospects as looking at federal reserve survey yet j.p., the graduates that are
coming into the workforce have probably one of the best economies we have seen in a long time. >> daughter just granted granddaughter from cornell five job offers three months ago, climate incredible one of the best times in our nation for students employment take advantage of great things. >> you are an entrepreneur started a lot of businesses tell us what you are thinking in terms of policy what policies encourage this kind of environment. >> some of the policies that will courage it you have a realistic corporate tax not that it affects everyone in workplace but does affect where more money for corporations to be able to spend hire expand great example what they did trillions of dollars came back, and corporate taxes went down 21% so environment is fabulous a lot of people are not aware there are more jobs available today than people to fill them. so many of my colleagues and different corporations are going internationally to get
people, so gives trained people, or for institutions much better opportunity go to work we talk about kids we love you out there, however -- [laughter] -- there are jobs out there, part time job trying to decide what you want to do. maria: i guess heard to make case to pay rent in a strong economy that we are right now. >> things are booming there are opportunities out there, and i think young people with a job skills they have or learning the people skills i think it is important just to have money skills as well, so reviving them to get plugged into financial you have to nine week course we teach great opportunity for parents as well as young people. >> chris we will be watching that thank you chris hogan joining us there, on personal finance amazon, technology giant reportedly shopping for new office space in new york city, just months after dropping a deal to build in queens, then eye on the prize,
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. thanks so far joining is i am maria bartiromo. tuesday, may 28 top stories right now 8:32 a.m. east coast, trade uncertainty weighing on markets futures have changed direction, at this point, after the long holiday weekend we are expecting a higher opening for the broader averages, dow industrials right now up 29 points s&p futures up almost 1 points nasdaq futures higher by 14 in europe this morning, stocks have turned mixed f100 up 35 points cac quarante up 4 1/2 the dax in germany higher by 9 1/2 points this morning, things completely reversed across the world in asia overnight gains across the board, as you see best was china shanghai composite up
two-thirds of a percent earnings season rolls on this company to watch uber, the company will report for the first time after rough ipo, see how much the company lost in first time investigatory you do not succeed try, try again amazon reportedly doing in new york city, plus earnings a piece of golf history check out jack nicklaus selling iconic gold rolex would be most expensive piece of sports memorabilia ever sold. we will tell you how much it is crumpled to go for u.s. china trade president trump on the way back to washington after a state visit to japan, the trip coming in heightened tensions over trade truce with beijing talks stalled ahead of anticipated meeting between president trump and china president xi jinping at g20 next month assuming that meet does take place at g20 john paul is with us founder i want to ask talks on china fight when you think this might get involved what kind of impact,
do you see from retaliatory tariffs. >> what i see is this will be resolved relatively short period of time both sides hurt by it china hurt even more i have talked to other fellows it would affect if it did go into effect set up to do have price increases temporarily i don't think going to last long if you look economically. >> you believe chinese are willing to play by the rules of the road. >> of course. maria: the world rules of the world not just u.s. rules that means stopping espionage and theft of ip why renege on those things. >> what happens now they renege because they looking long term done this thousands of years make an agreement they renege like it has been made the not in news maybe get away little by little by little the answer is as they
start reneging look what they have done me they immediately he go after them otherwise they keep doing it we are great capitals of that we let it go let i got let it go builds up builds up little by little by little prose probably will do that a little bit trajection for them however but have them immediately call them you've got a good chance stopping before it grows and festers. >> every four years an election they don't they have a president for live. >> dictator for life yeah. >> true. >> a lot of what we do is political but i think now, because the economy and all the people we the people benefit by strong economy, so do they. remember they have a building middle class we have trade disputes, challenges. and all of a sudden some business doesn't go from china back to united states. that middle class is going to feel it. and needless to say chinese
government with communistic government wants halfway government to be able to work okay not give people something an take it away my feeling i am about bluullish they went to last minute it didn't change would i debit shortly there after will, one side will come up with something that went along with other side very, very low-keyed ep everyone a winner how it comes out or if china won't do it we won't do it. dagen: rocket phone made in china. >> by lg. >> have you had any problems in terms of of manufacturing, because of the trade tensions with united states? with china the chinese go of the? that is a very good question the parts are mainly from u.s. ireland scotland wales while from lane made by one of the biggest companies in china recently as explaining to maria earlier when largest chinese companies wants to be exclusive distribute for this in china we are signing agreements right now, and
putting million dollars up throughout china because there is nothing like it, and would you think they would steal technology, and do it themselves, but no. not with this we have pretty good patents too. >> president is threatening to put an additional round of tariffs in place on securing a trade deal, with china, that would mean another 25% on the remaining 325 billion dollars in goods coming in. >> zpleek what would happen if -- >> what would happen because only priced 299 dollars for finest phone would be very, very little. you know in a way kind of good if it happened for a short period of time people like myself others manufacturing try to figure out other ways to make that phone more reasonable with more u.s. input for maybe input from other countries why i don't think this is going to last very long. >> you raise a good point because the components are largely made around sourced around the world assembled in china that is argument many
imports make most vavnl not created in china tariffs should not be on entire retail price should be on. >> correct cost and technology china had over allies building up could you get same phone in india maybe in future but not right now. maria: what does 5g mean in terms of average guy or gallon out there in your phone. >> another great question majority of all phones on planet not 5g, there is -- >> 3g, 4g over short period of time there is missouriing going on they tested 5g a i want to say norway a short test done during that test, birds fell out of the sky dead i think still testing is that 5g going to affect us as human beings i think still tested i was asunday toeded i think
still tested if okay cleared one long term before it affects you say three, four, five years big deal. >> one of the things everything much faster network but i think you are right not for at least a year where we see 5g phones we will keep watching earnings in focus big week on wall street heavy have iters uber dick's sporting costco prepared to report he quarterly earnings numbers analysis next amazon about-face reportedly shops for new office space in new york city months after dropping a deal to build in queens, first, let's get that special update from tennis channel. >> welcome back to tennis channel court report for fox business i am jonathan novack 23 time major champion serena classrooms clinched 800th career win day two at roland. >> serena fought back from a step down against the russian
before becoming fifth woman to join 800 club. >> i knew it couldn't get worse i knew i could only go up, and that is what i told myself just got to keep positive, and, you know, it was it was a strange start to that match for me. >> elsewhere king of clay nadal enjoyed routine opening win to move to second round spaniard looking for a record of 12th crown in paris, don't forget wall-to-wall coverage from roland garrous 5:00 a.m. eastern i am jonathan novak. ♪ -driverless cars... -all ground personnel...
maria: we'll welcome uber ready to release very first earnings reports public company gerri willis on the floor of new york stock exchange with details good morning. >> good morning that is right as you have been saying uber expected to come with a billion-dollar loss in earnings, that is expectation for the company on thursday when it reports its earnings net revenue 3.04 billion to 3.10 watch goch books big number everybody has eye on, for services including money that goes to drivers, that is supposed to come in range 14.44 billion to 14.66 billion, a big week retail earnings dollar tree, ultimatesra beauty thursday candidate stocks coming this
week, charlotte's webb, amazon, in headlines as you've been saying so much for long island city 25,000 folks average raise 150,000 dollars the company is going to leave 100 thou square feet of space about a block west of penn station what a neighborhood expecting 5,000 workers in they have already have 5,000 in -- apple has new ipad touch launching with price range 199399 everything old new again describing on web site press release most affordable ios device even better plays music touchscreen, brand spanking new version of this product back to you. >> new ipod touch, thank you. coming up going for the gold golf icon jack nicklaus gold
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detroit 11% battle more 8% homes empty interesting. >> famous gold watch worn by golden bear can be yours jack nicklaus famous rolex to auction on golf legends's wrist more than 50 years gorgeous, timepiece on display nicklaus tournament in dublin ohio going on tour before auction block december 1r proceeds to nicklaus children's health care foundation. >> president trump wrapping up his four-day trip to japan a visit to u.s. troops the president first lady greeted service members onboard uss, praising their work. >> -- tough bunch of people right as president i have no higher honor than serving as your commander in chief the extraordinary men and women of the american armed forces together officers leading most fearsome group of american
warriors this side of the pacific you defend our freedom our families, and you defend our great american flag. ]cheering]. >> you so the force of american might and american heart, and you prove across waters far beyond there is no a much on earth for the awesome power and glory of the american navy and united states marines. >> thank you, to the proud sailors and marines of uss wasp. >> [cheers and applause] >> god bless our military. and god bless the united states of america. thank you very much. [cheering and applause]. maria: cheryl: meeting with japan leaders playing golf, the president expected to return to japan next month for
the g20 air force one now heading back to washington. finally there is this i have another story, george h.w. bush service dog honoring the former president on memorial day posed nicely for a picture next to national world war ii memorial in washington al thinking of best friend made the ultimately sacrifice defending our country for freedom, the pilot died last november the picture that gets me choke up standing guard. >> such a good shot a great shot in front of the memorial. where is "sully" working still on the job working at walletr read. >> manuals are very important protect them not test on them that is what we say to paul mitchell schools don't test on animals they are wonderful isn't that amazing kind of
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quarter, 3.2%. we'll see if that's revised downward. john paul dejoria is with us this morning with a new toy. >> 3d without glasses. >> 3d without glasses. that is cool. >> yeah. there you go. there's a shot for you. maria: the rocket phone. >> like a rocket ship going to the moon. check it out. it's revolutionary. something totally different. i think kind of a comment for the end of this wonderful show with great questions is that in reality, we do live in a world of illusion where we see a lot of things that we think are true, sometimes they are and sometimes they're not. a lot of things that countries do or political people do is to paint a particular picture. it's completely accurate, we don't know or is it for political result. what we do know is we take a look at the last several years, month after month, year after year, our economy is getting better, people are getting
better and there are more people per capita involved in helping others now on this planet than ever before. we are seeing some changes. in my younger days in the '60s we had no money, no influence, we would protest let's change the world, right, even during my crazy hell's angels days, we still thought things could be different. we had no time and no money to really get involved. however, today many of us have reached positions where we can actually do something. maria: you are the product of a capitalist society. capitalist economy. it's amazing right now that we are having a debate about capitalism versus socialism. >> one of the things you said earlier, j.p., was talking about the lowering of the corporate tax rate. >> correct. >> the tax code being redone to promote investment by business as opposed to demonizing business and painting a picture to your point that business is the cause of the problems and where they're not, they are
actually the solution. >> 100% correct. just look at history. look at the last couple years. the changes that were made, everybody is working. there are so many jobs out there, we can't fill them all. we have to go abroad to get people to fill the jobs. we are in a strong economy, the world is getting better, as we saw in europe, the market's going up and down but it hasn't crashed. lot of confusion going on in the world but each time we come out of it we get a lot better. i think the frequency of the planet is rising. >> why are bureaucrats and politicians so lousy at managing problems for the most vulnerable? i look at new york city. is it because they couldn't ever actually get a job in corporate america because they would be fired and then they go into politics? >> one of the best questions right now. >> and they run for president. >> one of the things is the majority of people are career politicians. they have never run businesses, they haven't been accountable for a bottom line because that's not their job. >> they never met a payroll. >> that's correct. we have a lot in texas down
there, they get paid almost nothing but love what they are doing to help out a little bit. but that's why. and they are short term. where you have career people, for example, in the nsa, the cia. maria: they want to stay in power. great to have you this morning. thank you so much. >> always a pleasure being with you. maria: have a great day, everybody. "varney & company" begins right now. charles payne in for stuart today. charles: thank you very much. good morning, i'm charles payne. stuart will be back tomorrow. we have several big stories for you including president trump on his way back to washington after spending the holiday weekend in japan. the president making a lot of news during his visit. he downplayed the recent missile launches by north korea and also tried to cool tensions with iran saying that he's open to talks. and he went after joe biden, saying he agrees with kim jong-un that biden has a quote, low iq. in other news, the results are in from the european parliamentary elections. they show populists gaining ground with voters in the uk doubling down on brexit. nigel farage's