Transcripts For FBC Mornings With Maria Bartiromo 20170817

What she did is achievable. We dont all have to die. We dont all have to sacrifice their lives. They tried to kill my child to shut her up. Guess what . You just magnified her. [applause] trade do more for the Emotional Service this morning. Walmart earning the big one to watch today. To try to see how is keeping up with amazon. Broader markets here. Lower after games. Delegates are pulling back about 14 points. Nasdaq weaker by 400 . In europe this morning, take a look. Lower across the board. In asia overnight, markets were mixed at the close. The nikkei and the hang seng lower pitch a high and kospi were higher. Samsungs battery recall is that. Refurbished batteries for the galaxy know for a taken off the market over concerns. Plus a painful first pitch. Watch. Wow, more on the good coming out of. Jamie to talk about it, Fox Business Network Dagen Mcdowell is back. Chief Investment Officer Michael Johnson play ceo lawrence jones. Good to have you here. Thanks for joining us. Welcome back. Dagen nothing like a baseball to the gut. As ive gotten older, things that were slapstick like that really makes me laugh. Im sure he thought he was in a safe zone. Maria the council disbanded and waiting on the walmart earning should be something to watch. Going through the markets you think . I think the exit patients as they will continue to have relatively good earnings. The whole retail space has been under such pressure. The Amazon Edition of the entire retail world and the fact that margin revenue has been good. Margins have not across the retail space. Maria a big show ahead. There were Diversity Coalition for the president is here. C3 iot chairman tom siegel is ecosystem is joining us as well. Arizona congressman andy biggs is here. Mohamed okelly at checks in with us. We take it off right here. President trump to meet with a Small Business administrator today Linda Mcmahon is the president dissolved to Economic Advisory councils yesterday after Corporate Executives designed in the wake of his response to the violence in charlottesville, virginia. The president to did this yesterday appeared rather than putting pressure at the Manufacturing Council, i am indeed both. Coming moments after two more ceos announced investigations for the Manufacturing Council. Boot policy forum decided to disband during a 45 minute Conference Call yesterday. The group said the state around charlottesville have become distraction to their purpose. The president s comment president s comments come up with this but the congressional agenda at risk once again . This falls on congress to push the agenda ahead and its not just tax reform we talked about. This is raising the debt ceiling which could indeed roiled markets if it looks like they cant do it and do it with speed once they come back from the break. Its also about keeping the government open, getting a budget in place. Lets not forget what they fail to do on repealing or replacing or fixing obamacare. It does speak to the turmoil in the white house and the country that this is the First Business president did you have Business Leaders stepping aside because of what has happened saturday angrily on tuesday. A lot of these ceos stop short of saying they would refuse to work with the white house that this is another blow to a shaky administration. This is bad because this is where the president should be leading. When you have a businessman like donald trump that is so energetic that can talk about this right here. The fact he cant talk about it shows you that the white house created this distraction. The president not responsible for what happened in that city. But the president s comment when he pivoted back, he is once again put himself in the spotlight when it comes to these issues. Race relations act out forever president. Lets not pretend like all of them got it right. As commanderinchief come you have to speak to the country into the heart. With the president went back, he created problems. Condemning the aussies is the easiest part of Race Relations in america. Therere plenty of people on both sides of the monument debate, but the good people the promonument site are not in charlottesville. They dont attend marches of the city didnt need to protect them. One of my concerns come a my concerns, dagen was talking about the agenda. Brahimis input is on tax reform and participation is said Public Private partnerships. Those are the two big things that Financial Markets are looking for any jeopardize both of them this week. Maria these people are still going to be there for him. Steve swartz then commit to a be there if the input on tax reform. The truth is he had a hard time understanding what the issue was in the fact the country was in a moment that needed healing. Bella said toni shouldve taken. Dagen i disagree with what a lot of people have said on monday even before that tuesday outofcontrol impromptu press impromptu press conference by the president. This is not personal politics. In fact, the president on tuesday data personnel as he has in the past. He felt like he was told you is wrong. This isnt about personal politics are ceos. Its about their employees. They are worried about their bottom line and investors and customers. Customers. Did not act aggressively about what actually happened in the city made it worse. I was in charlottesville the last two days. My whole family lives and then around charlottesville. I think what you see the biggest problem right now is because i found the president s remarks about the lack of calling out what they were and thats the reason Heather Heyer list that is why it started in the first place. I called him out on that and found it to be lacking a college and disgraceful. Because i said that her feel that way, i all of a sudden have a left wing liberal that is more garbage that could fill the grand canyon or any other ocean. Thats we are as a nation. Either here or there is no in between. Train to the left will use to will use to shame me really try and take you down. It is the constant email sent constant tweets and just anything to public shame so you come across differently or agree. The rise of leftwing radicals. When there is a need riot at berkeley, we talk about it and call it for what it is. When Police Officers are killed in the line of duty, we speak up for that. This was about one specific thing to begin with. It was about a rally with people shouting, carrying torches shouting jews will not replace us. Call that the Obama Administration for beaver like that to call islamic extremist terrorism what it is. This is domestic terrorism, using the exact same techniques as safe as using come using cars as weapons. We should describe this for what it is. These are all things that really hurt the president in terms of carrying the message. Maria where does it go from here . The wall street journal oped today, karl rove said trump will be judged by his results in so far hes failed to deliver much as he placed the difficulties of legislating. One example of that from a sitdown interview back in april which karl rove mentions. We have a Health Care Plan that i think will happen and if it happens i go immediately to tax reform and that will be easier than health care. Kevin brady remains bullish on the prospects. He told reporters the differences between health care that tax overhaul to just about everything. Give the president getting carried top stepping on his own agenda . Do you think the agenda now is in jeopardy . Yes, kelly was brought there for a reason. Even when he talked about the charlottesville, he could read. He has to remain focused because once again, the ads are being andy says things that may be he does that mean some of the stuff he says, but still a mistake. He could be talking about tax reform this week. We talk about businesses this week. How hard is it to pivoted here . Is going to be extremely difficult. I imagine if he is the man you hope he is, he is going to do everything. But i worry. I gave him credit for the first time because he said im going to call about my white supremacy, white nationalism. I gave him credit, too. Looking at everything he said and say theyre good people in both sides. Its impossible to defend. Its going to make it difficult. I agree with you. Jamie dimon wants to be there for america, but he also has to balance the shareholders and customers and if they continue to become, you have to call a toxic of these race issues, it will make it much more difficult for Corporate America to work with them on this critical agenda items. Maria one of the shaming yesterday was Larry Summers say that Doug Macmillan was unfit to run walmart if he did not announce and step down for the council. He did not get done initially, but who is the public shaming, calling on other people in the council to step down because of the president. The president has given every that with which to beat him. He made it very easy to do this kind of shaming process. Maria they are also shaming administration and, whether its scary come the john kelly you will hear that. Maria well see if it actually happens. How is the speculation yesterday. All of this prodded. We will talk more about it. Community in mourning this morning. 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And right now save 50 on the labor Day Limited Edition bed. Maria welcome back. Candlelight vigil against hate and violence at the university of virginia. Lauren simonetti with the details. Good morning, maria. Hundreds of people walk peacefully in the same place for white nationalists marched on friday. They also number 32yearold Heather Heyer killed over the weekend when she was struck by a car. Her parents appealing for calm. To Virginia State troopers monitoring that event also died when their helicopter crashed. Some weather for you. A number of tornadoes touching down in southcentral minnesota yesterday. Seven tornado spotted on the ground. More than three inches of rain along most of the fourpart five inches in some places. One reported sixinch trade benches bent over. A look right now at walmart. Investors also focusing on Earnings Report later today. Analysts looking for a profit of 1. 77 so far this year. Walmart like many other retailers also going to hear from the amazon of china. Expected to report sharply higher earnings per sale from a year ago. Right now the premarket, 160. 90. Motorola find a solution for your broken phone. How your screen can repair it felt straight ahead. With a stroke of bad luck from the start of red sox game. More on that shocking strike out next. Action a minute. I was wondering if an electric toothbrush really cleans. Better than a manual, and my hygienist says it does. But. Theyre not all the same. Turns out, theyre really. Different. Who knew . I had no idea. So, she said look for. One thats shaped like a dental tool with a round. Brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to. Gently remove more plaque and. Oralb crossaction is clinically proven to. Remove more plaque than sonicare diamondclean. My mouth feels so clean. Ill only use an oralb the 1 brand used by dentists worldwide. Oralb. Brush like a pro. The dinosaurs extinction. Got you outnumbered. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. Find your awesome with the Xfinity Stream app. Included with xfinity tv. More to stream to every screen. Maria welcome back at a painful first pitch last night. Staple of the Boston Red Sox games at fenway park for years. He was even in the movie fever pitch. A ceremonial start of last night games at the boston red socks. Photographer tony biondo takes one for the team. This is how he saw things through his eyes. Just before the baseball hit where no man wants to be hit, tough night at fenway park. Could lebron james play the cavaliers for a second time . The former mvp relationship with cavaliers owner dan gilbert beyond repair. Finding a point and that after this season. Even sums it just seen the cavaliers could could their trading lebron james. Golden state warriors tweeted you cant train a legend. He gets to hold the cards. The Atlanta Falcons new stadium has its own chickfila. But get this. It wont be open for the biggest day in the nfl, sunday afternoons. Go back to 1946 would chickfila said they are closed on sundays. They will only have one out of eight games this year were chickfila will be open. In the establishment that will open. Maria in this location. A different question is why it open in a venue will be open on sunday. Why would they you could help it of chickfila is closed on sunday, why put one sunday, why put one in a stadium in the first place. Maria just call it something else. There will be other event that are there. Ncaa. They wont have it open on the super bowl. Maria how about this . This right may her fathers dream come true and surprised him with a bear stained Wedding Dress for their first father daughter dance. Take a look. The happiest and away the saddest day for so many fathers are but a great way to say youre always number one. Got the chicago bears. No matter who my husband was for, you know who i root for. Thats kind of how it goes. How about the photographer in boston . I thought he got hit in the belly. [laughter] he did get a stomach ache i imagine. This could especially has been a staple at fenway park. Fever pitch he plays competitive baseball in junior high. The look on his face was priceless. Can we slow it down . You say that. We are feeling the pain. I love this shot from his camera. Youve got to wonder whats going through his mind. They lost in 67, world series to the cardinals last night. Boston win last night and stays up in the american ease. Giancarlo stanton had six straight games. He needed two more to tie the major league record. Didnt do it. Maria jared max. Catch reports on headline or 115. Dozens are killed during a prison riot in venezuela. Mounting tension in the country next. Mike pence doubling down on curbing north koreas missile capabilities. Watch. We are beginning to see progress in dealing with north koreas provocations and pursued that the Nuclear Ballistic missile program. More must still be done. Much more. Of south korea is responding. Much more right after this. Potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing . Maria happy thursday, welcome back, thank you so much for joining us. Im Maria Bartiromo, it is thursday august 17th, top stories right now 6 30 a. M. On the east coast. President trump focused on business following decision to disban ceo council. The president is busy tweeting this morning saying this, publicity seeking Lindsey Graham falsely stated that theres moral equivlapgy between the kkk, neglect owenazis and White Supremacists. Such a disgusting lie. He just cant forget his election trouncing. People of South Carolina will remember. Administration remains on high alert. Patient with north korea hope they will abandon Nuclear Ambitions and all along the way, north korea has used delay and used negotiations to continue in headlong rush to continue Nuclear Weapons and Ballistic Program and the president made it clear that those days are over. Maria very latest as south Korean Leader says President Trump seeks approval before military against the north. Retail earnings, walmart and alibaba. We are breaking down ahead of walmart numbers ahead of market opening. Futures indicate the markets will open lower. Dow industrials down 16 points and 2 and a half in nasdaq. As you see the winners in the shanghai and kospi index up fractionally. More trouble for samsung. Details as refurbished batteries are recalled over possible fire risk, plus, bottle of wine can meet the parents or a dress for your anniversary dinner, new perks one dating app is offering for relationship milestone. First, heightening tensions with north korea. Moon jaein said President Trump would seek approval before taking action against north korean regime. Dunford said the president has the final say on any strike against north korea. The comments come after Vice President pence urged, brazil, chile and mexico spoke all ties with north korea while he spoke to chile. President trump sent me to asia pacific this year and sent other representatives to send one clear message to north korea and that is that the strategic patience is over, we are working with nations around the world to isolate north korea economically and diplomatically, i requested to terminate that relationship formal. Maria joining Us Former Navy pilot and intelligence commentator, lea gabrielle, what would it take to escalate situation in your view . Right now thats what our relationship is trying to do and using a variety of ways, sanctions, they are working with other countries and also making it clear that all options are on the table right now. When you look at mr. Moon and any military action would be discussed with north korea would take leadership role if a country thats scared right now. As tensions are escalating theres fear about what could happen. Maria hes trying to calm his people. Absolutely trying to calm his people and thats also what we are hearing when we read the oped by Rex Tillerson and secretary mattis where they are basically saying, we do have all options on the table and we will not take military options off the table. As far as deescalating the tensions, we are starting to see that, we are seeing kim jong un pull back slightly but you have to remember the rhetoric has been going on every year when we do military exercises as we are about to start next week with south korea. North korea takes it as major threat. The leadership there believes that we are preparing to attack their country and basically ramp up rhetoric every time this happens, but the u. S. And south korea and our other allied count ris, we will continue to do military exercises in that region. Its something thats not going to happen. Maria its unfortunate. You hit on something enormous, north korea is actually backing down. North korea is actually saying, okay, we are thinking twice about making the threat that is we are going to strike guam. We are not even talking about this because of all of the dysfunction happening in washington. That is an enormous development. And i think you have to give credit to administration. Do you think the technology is there to reliably take out a north Korean Missile if it is launched. I wonder if one of the things that caused kim to back down was the notion that if they tried to launch, we would have to assume it was going to guam, we would have taken it out which would have been a huge humiliation for him. Do you think the technology is at this point where we can reliably do that. I do have confidence in intelligence and capabilities that we do have the capabilities in various forms that we are not going to talk about in open forum. [laughter] i have stats on that. Can i finish . Go ahead. If they were to fire a missile, then we were to shoot it down, that gives them information about capabilities so that we dont necessarily we want them to have. Dagen, your stats. Dagen thaad has a perfect rate so far. Theres other interkeptors in places like alaska, california, 44 interceptors this year. Sounds Like Technology has advanced significantly. Retaliation from the u. S. Is exactly what President Trump has described and thats not what north korea wants. You look at one of the submarines can carry two dozen interceptors. Theres a big concern over that, but if you look at some of our strikes, simple isis strikes that we have done in the past, youll see that the u. S. Does have the ability to do Surgical Strikes. Taking out certain systemming and buildings doesnt mean that will die from one attack. Im looking for a solution that doesnt cause market selloff. A Surgical Strike because of the risk to seoul and the negotiation d theres no question that this guy would have to be nuts to take us on, but hes nuts, but our teams have been looking at what are the prospect that is if we launch something and we take it out, the market might cheer that. The market doesnt want to see escalation, if theres escalation, thats the best outcome if we are successful. Maria that we get ahead of it. When you think about imf he overplays his hand and humiliated, the military could take him out which the markets would really cheer. Well, we will be very careful with the language. Dagen separating the leader kim from arsenal. China doesnt want reunification. They have all dogs in this fight but we will be careful about the language we use in scenario. Between regime change and regime collapse, and i think what ive been reading and what i think a lot of Foreign Policy experts are saying, if you really want a positive resolution, the idea is to get the generals in north korea thinking about how rich their counterparts are in china and kim is getting in their way and to dagens point, you separate kim from Nuclear Arsenal and you dont reunify, you change from one dictator for one thats more sane. Maria sucking out of the economy. I want to get to venezuela this morning. Nicolas maduro seeks to regain control from prison facilities, Venezuelan Police raided home of former attorney general, hes become a key opposition to maduro, your thoughts . Maduro is going to take out opposition figures. To specifically talk about the prisons, there have been periodic raids and thats because the prisons are overrun by the gangs that have access to automatic weapons, they can have access to hand grenades, violent gangs that are running the prisons there. This is basically the broader maduro tactic is to basically just smash anything that can be opposition and to try to maintain as much control as he possibly can over his country. Maria all right, we will leave it there, lea great to have your insight. Lea gabrielle. We want to bring you breaking news. President trump tweeting out this, the public is learning even more so howdies honest the fake news is. They totally misrepresent what i say about hate, bigotry, et cetera. Shame. The president is obviously watching the news and seeing the the left wing media continue to say that, you know, theyre criticizing the way he speaks. I dont know why hes engaging in these tweets right now. Dagen why is he watching . If it bothers him so, why is he watching . People can go back to listen him, saturday, tuesday, the American People can make judgment call. Everybody has individual opinion about it. People are not watching the Mainstream Media to have these people tell them what to think and what to feel. Make him watch the press conference. Maria denounce it and move to what the American People want to do, if they dont get it feels like hes falling apart. Dagen hes dwelling because he feels personal attack which drove reaction on tuesday. He needs to turn the television off. Maria so you think hes takes everything too personal . Dagen i think that theres evidence of that. I dont want to psychanalyze the man. Sometimes hes been too reactive and react to go what appears to be emotional way to some of these things. But it is also a way to get out policy quickly and messages out quickly as we saw yesterday as ceos are pulling from advisories, well, ive just disbandedded them. Dagen they called Jared Kushner and said we disbanded it. The president took credit for it. If we are going to talk about the tweet, the tweet this morning that was damaging was the Lindsey Graham one. Maria why focus on Lindsey Graham . Leave it alone and let him criticize and the president should be focused on the agenda and not fighting back. Thats noise. Put together a coalition to get agenda through congress and Lindsey Graham is absolutely one of them and just like the ceos had no choice but to distance themselves from the president on his remarks, Lindsey Graham, the whole senate has to do the same thing. Maria hes got to figure out a way to get along with these guys. Look what happened with john mccain. Because he never apologized for calling him not a hero, john mccain got him back. Im sorry, hes a war hero. Absolutely he is. Dagen voting down obamacare increase in military budget and Defense Budget in jeopardy which the wall street journal wrote about it. President trump is keeping this issue alive and that is the worst think that he can do at this point. Maria we will take a break. Over 10,000 batteries in galaxy note 4 phones recalls. Overheating concerns next. And then you could call this a 1carrot diamond, which a vegetable help found a ring years later. Next today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. 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Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. With the new sleep number 360 smart bed. It senses and automatically adjusts on both sides. The new 360 smart bed is part of our biggest sale of the year where all beds are on sale. And right now save 50 on the labor Day Limited Edition bed. Maria welcome back, happy thursday, everybody, we are looking at a lower open forking the broader markets today. Futures indicating a decline about 17 points in Dow Jones Industrial average. Company cisco fourthquarter earning report revenue topped expectations but still declined 4 year over year and te klein in revenue from security business and as a result the stock is down 3 this year. One of the reason it is market is under pressure. We are watching shares of gas this morning. The company set to report Second Quarter after bell tonight. Analysts are looking for 52 cents a share, shares of gap have fallen over 12 this year. Attorney general Jeff Sessions put it is spotlight on miami for policy change on sanctuary cities, Lauren Simonetti with the details, lauren. Lauren calling out city that is disregard President Trumps order to step up immigration enforcement. He praised Miamidade County for being the first in the nation to drop sanctuary status. He suggested illegal immigration leads to rising crime rates. Provide safe his or her harbor for criminals. Some of the cities in the state of california are suing. More battery trouble for samsung but the company is not the blame. This time nearly a year after samsung recalled and discontinued galaxy note 7, 10,000 older galaxy note 4s have been recalled because of concern that their batteries could overheat. The problem government says could be counterfeit batteries. In injury or damage has been reported. Time to upgrade. Motor ola developed a screen that cant crack, display with materials that could return to original shape so when heat is apply today this material it kind of heals over the cracked screen, selfhealing home, if you will. This is a good story. Sometimes truth is stranger than fiction, what are you looking at in 84yearold mary of canada, lost her diamond Engagement Ring years ago while weeding her garden. She didnt tell her husband and instead brought a replacement, her secret was out when her daughterinlaw pulled out carrot, it literally grew straight through her ring and found it 13 years later. Maria thats amazing, she was forward ening or something . Lauren the way the ring fell in the soil, carrot, she didnt see it, a carrot grew through it. Maria thank you so much. We want to watch alibaba earnings, beating expectations as you see there. The stock is up right now. Michael jones, what do you think of this report . I think the entire online segment in china is on fire and why wouldnt it be . Its one to have largest markets in the world that they have all to themselves. So they dont have to worry about competing with the amazons and the facebooks in china, they can come in and use the profits from china to attack companies, its a great Business Model when you have a protected home market, so these stocks as much as we talk about the fangs, these stocks are really big and probably continue because its a fantastic Business Model. Maria they were questioned the way they book revenue, years since the company went public. Every chinese company, you have to ask questions about the accounting and how swiftly gap is being enforced. , however, revenue is tough to fake. Maria there you go. Take a break. Stay was. Make a match, get a gift, a new way a dating app is rewarding successful couples. What . you can leave worry behind when liberty stands with you™. 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All the ingredients for the meal. Maria thats like blue apron. I can see that. Maria tracee carrasco, still feeling lucky with no powerball winner insight, grow it is half a billion dollars, find out odds of winning, we are on it, stay with us. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Sfx loud poorly played electric guitar that sounds awful but a lot better than last week rock guitar music we werent born to follow maria good thursday morning, welcome back, thanks for being with us. Im Maria Bartiromo, top stories right now 7 00 a. M. On the east coast. Breaking news this morning, we are waiting on walmart earnings, investors are watching retail online Sales Numbers as it tries to keep up with amazon. Stock is up going into the numbers, soon as they hit the tape, we will bring you them. Futures are pointing to a lower opening this morning ahead of earnings out of walmart. Thats a dow component. Right now the dow expected to be open down about 20 points, the nasdaq down about 16, thats a quarter of a percent lower. In europe decline as cross the board as well. This is a fractional move nonetheless negative territory. The cac quarante and dax index a quarter of a percent. In asia overnight, mixed markets at the close. Nikkei average and japan down as was the hong kong index. President trump breaks up with Corporate America. The Advisory Councils have been disbanded as President Trump targeted ceos in News Conference earlier during the week. Not at all, i think the country, look, you take a look, ive created a over a million jobs since im president , the country is booming, the stock market is setting records, we have the highest employment numbers weve ever had in the history of our country. We are doing record business, we have the highest levels of enthusiasm, so the head of walmart who i know, its a very nice guy was making a political statement. Maria what this means in the future of the agenda in taking action against the opioid crisis, expressed grips will start limiting the strength and numbers of drugs prescribed. Hbo is hacked again, this time Network Twitter feed that was hacked. Joining me to tuck about it Dagen Mcdowell, riverfront and chief Investment Officer Jones Michael jones and lawrence jones. Dagen dropping stuff everywhere. Maria they want to know whats going on with the panel, the conversation that we are having about President Trump. I have defended the president when it comes to policy, i will continue to defend him when it comes to economic policy, creating jobs, health care but this is your time to defend me. This is your time to tell the country that you will condemn, an opportunity to go to the town, funeral, enough is enough. If you support me, im not for it, i dont want your support. Maria weve got breaking news hitting the tape right now. 123. 3billion in actual revenue, thats better than expectations, revenue is topping estimates, also earnings per share. A dollar 7 was the estimate. Lets take a look at what the earnings per share is. Revenue coming in above the expectation, Michael Jones, your take, we are waiting on sales, we want to get to that to see what the impact was. Obviously we still have a lot of detail that needs to come out and when you think about the massive top line that walmart has, very difficult to get that number to move by that extent, i think what this is suggesting is, is that there are two players in retail now, theres amazon clearly but walmart has the scale, the logistic expertise, the Supplier Relationships to actually duke it out successful with amazon and this is going to be a twohorse race. Maria better than the estimate and look what just happened to the stock. Sales were up 1. 7 dagen but this stock is trading up and trading down quickly as the numbers hit the tape. Dagen 1. 7 is right in line with what robert said in may. Sales existing stores, 1 and a half to 2 in most recent quarter. Thats right in the middle. You have to dig into these numbers. I think what the issue is, you remember we talked about in the beginning, renew was going to be good but what about margins and i think the fact that the revenue was up so much and yet they only beat by a penny on the actual bottom line, i think theres concern that while they are getting the revenue they are having to sacrifice margin in order to get it. Maria all as we are seeing the competition increase. Obviously amazon is going to be buying whole foods, thats going to take aim at walmarts grocery business, youve got others also trying to get a piece of the Customer Base here. Dagen walmart is doing a good job in terms of combining the online experience and what you get in the stores. Theres so many other retailers, different retailers but macys, for example, even specialty retailers have struggled to to make that combination, maintaining customers who come to the store and then building new business online. Maria yeah. By the way, walmart ceo doug was one of the Corporate Executives criticizing the president s response to the violence in Charlottesville Virginia in a memo to employees, mcmillan faulting the president for not rejecting White Supremacists, remarks came as many corporate titans distanced themselves from president yesterday, the president dissolved two of the councils themselves tweeting yesterday, rather than putting pressure on the Business People of the Manufacturing Council and strategy and policy forum, im ending both, thank you all. Joining us now executive director of coalition for trump and president of the trump Media Advisory board, bruise lavele, thank you so much for joining us. Your thoughts. Thanks for having me. Maria we are happy youre here and what took place in terms of all the ceos trying to distance themselves from the president . Well, you know, its like the president has said in his campaign, you know, hes not going to be tied to any special interest or and in my take on this, maria, is that what you want to come receiver and be a part of this administration, dont come with an umbilical tied and come with an ability to receiver. One thing is dont cave in to Mainstream Media out here trying to paint a picture on the president and make him out to be something that hes not and cave in. We need something strong. We dont need weak people that come in the administration and we need to come in here, for the people, by the people and put it back into the Small Businesses lie myself who we make up 80 of the tax base, Small Business here myself having a business in atlanta, so this this president is keeping his campaign promises, come to the table but dont come weak. Maria people want to see strength when it comes from the president when he denounces nazis and neonazis. Yeah, well i dont think it was difficult, maria, with all due respect, i think when i saw this come up i was on the other mainstream networks all week and i can tell you that i counted 13 times all the way back to 1991 with larry king on the show, i counted in 2000 with matt lower and at one point will we stop at americans and most media, not all, stop giving this person from louisiana this light by keep bringing his name up. You know what if you do notice in atlanta, if you notice you havent heard from a lot of the civil rights icon, older folks like my uncles who marched with in the Civil Rights Movement in at will wanta and the reason why, maria, they know that any time you give negative darkness such as this person who i will never mention his name ever and i have challenged all Mainstream Media to stop giving life to this person. This is what keeps breathing it. Maria i understand. Believe me you have support here but the people wanted how hard is it to just denounce d he did it very clearly on tuesday, but then he muddied the waters by saying they are fine people on both sides, that was the issue and thats why its still being talked about and thats why ceos were getting called from constituents, Larry Summers was calling everybody. Hes setting himself up. They were coming to talk about taking down this confederate statute. Remember now we are not finished with the investigation that the attorney general has sent out troops on the ground immediately unlike previous administrations that ferguson almost burnt to the ground. Maria i want to get lawrence. Those people were marching with the klan. No, no. They were marching with the klan. Here we go again. Other younger people that came there to talk about the statute. Oh, you mean the ones with the tiki torches . Here we go again. Here we go. There were other young [laughter] maria horrible situation that people dont have tolerance to hear about the few other that is were there to talk about the statutes. Thats the thing, bruce. Thats the good people. Maria right, i understand thats what the president is saying. Maria its so bad and obvious and its ashame that we all have to come out and say im against nazis, im against, you know, hatred, im against bigotry. Obviously, but this is happening because theres too much mudding of the waters, thats why, bruce, go ahead, lawrence. What is the update on the president s new deal for black america that he talked about because this will be something that he could tell the community right now while Race Relations are out of control . At least im trying to deliver on economic agenda for black americans, do you have a status on that . The new deal for black america i can tell you this is for all americans, sir, lowering regulation to create more jobs, the new deal for black america which im so optimistic when we come after labor day and ive said this many times and many shows and the president said this, i knew that Affordable Health care act which was a debacle. Thats one thing that the president could use right now is actual ties in the community with Small Business leaders, black businesses that are in the community that he could go back and say, you know what, this race relation thing may be a problem but im trying to bring jobs back with the community with the case and point. Black teens from age 16 to 19, lowest unemployment for 19 years. Sir, you to realize the Consumer Confidence is alltime high. The numbers speak for themselves, the dow, nasdaq, the numbers are because the Consumer Confidence which affects all americans, all races no matter who you are or whatever, respectfully and not to mention not getting into the weeds of where betsy devos comes out as it relates to School Choices that affect inner cities, a president that sits on Inauguration Day that speaks profoundly directly to a lot of inner cities where no president in any inauguration said enough is enough in certain cities. Dagen bruce, the way the president has spoken since saturday, saturday and tuesday he has made it all but impossible for almost any business to leader to stand next to him whether its a small black Business Owner or the leader of a Major American Corporation as somebody who grew up in the rural south and lived through desegregation and integration of the schools and trying to be a Better Society when you see people marching with torches and you dont have the president of the United States who stands up immediately and says, nazis who are screaming death to jews, bad. And they killed a woman in charlottesville. A White Supremacists killed a woman in charlottesville. How do you have a Business Leader that stands next to this president until something changes in his rhetoric . Well, like i said earlier, i dont know how many times the president has to denounce this evil empire which i will not give it life and name. He pivoted back. Maria to be clear he did denounce it. I dont know how many times hes going to have to say it to make people feel better. At the end of the day, he has addressed it and put the issue on the table and has spoke about it and we have moved on. We keep bringing life into this. Maria thats why maybe he has to say five, ten, 15 times. Yeah, look i disagree. Maria i agree with you. He denounced it on tuesday, the problem is he brought other commentary into that press conference which muddied the waters and because theres such sensitivity to it, who is advising him . Is he getting the right advise . When he goes out to a podium after the these sickos went and had chanting and a womans life was taken, maybe he should have come out to the podium and said a womans life was taken, we are all in mourning, the country needs healing, i will be back with more information. For now we must come together. Just quick, short, help the country come together. Well, i think he said that many times. He sent condolences out to the young lady that perished and the two troopers, bates and mccollough. The president said it over and over and, maria, i dont know how many times the president needs to keep saying it, but i will tell you this, okay, im very serious about this because i know a lot about this from my family, what we went through, we have to stop giving that evil entity life. We have addressed it another thing too on race reconciliation which i know a lot about being biracial child. It means for the people. We look around our groups, are we segregated in our churches, are we segregated in our communities, are we segregated in our civic groups, we as a people have to reconcile, we cant look for the government or any government in terms of governor, state house to put policy on a man and womans heart. Me as a christian, i follow christ. I think we as americans have to reach out and ask ourselves this question, look in the mirror, am i treat this gentleman down the street because he or she looks different. We have to take race reconciliation and family restoration and stop looking at the government because, maria, real quick, i want to make this point, if we dont take accountability on terms of how we reconcile, then one day we are going we wont be able to protest anywhere. Maria bruce, thank you very much for joining us. We appreciate your insight. Bruce lavell joining us there. Thanks for having me. Maria to be fair its so combative, we will be right back maria welcome back, a possible bike break in the case of Natalie Holloway who disappeared in aruba. Lauren natalies father found human remains to see if they are a match with then 18yearold. An informant who lived with a friend of the suspect gave a tip which led them to the remains, vander sloot is serving sentence for killing someone else. Limit the number and strength of drugs prescribed to firsttime users. This new idea from the medical association, doctors say they should be the ones to work out treatment plans with their patients. Take a look at shares, down about 10 this year. I also have this story for you, maria, hackers briefly taking over hbo twitter accounts, the hackers tweeted this last night, we are here, we are just testing your security, hbo team please contact us to upgrade the security, responsible for facebook. All of this raising concerns after hackers stole unaired episodes of game of thrones. You might see some long lines tat Convenient Store the next couple of days, thats because no one won last nights powerball and that means this jackpot is now 510 million. Half a billion dollars. There have been 19 straight draws with no winner, no surprise, the odds are winning are only one in 292 million. Next opportunity is saturday night. Feeling lucky . Maria well, we will see. We have to get our tickets, thank you, lauren. Coming up protection or privacy invasion, the details as los angeles tests new subway securities, we are going to check it out and then back to School Clothes delivered right to your door, the new Company Promising high fashion and convenience for parents. We are back in a minute. Thing y, you want to protect it. At legalzoom, our network of attorneys can help you every step of the way. With an estate plan including wills or a living trust that grows along with you and your family. Legalzoom. Legal help is here. Im living that yacht life, life, life top speed fifty knots life on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany watch this dont get mad bell mnemonic get e trade and get invested the dinosaurs extinction. Got you outnumbered. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. Find your awesome with the Xfinity Stream app. Included with xfinity tv. More to stream to every screen. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Maria welcome back, we are talking markets now. Adding to the low volatility environment in market Hedge Fund Research is launching indices which is an investment strategy. Joining me now in fox news ken, good to see you. Thank you so much for joining us. How does this work . Yes, so the risk parity strategies, they are operated by the Hedge Fund Firms but different strategy, they basically are creating four different buckets in their portfolio, equities fixed income, currencies and commodities and then they are assigning allocate to go each of them at target volatility level for the investor. The goal of this is investors can either get performance that exceeds that of the equity markets with the same volatility or matches that with a lower volatility. Thats what the institutions are trying to get. Maria what are institutions are doing right now. Yesterday we saw markets turn on heels of the news out of washington. Institutions are legitimately concerned about how many days in a row do we see record equity prices and i think that at this point they are trying to position for an environment that the risk parity strategies where they are diversifying fort portfolio. 68 of endowments and foundations have greater than 10 of portfolios in alternative investment. Maria it could be private equity but not stocks . Not stocks. Maria hedge funds youre say rg getting worried about the valuations in stocks . Risk parity, real estate, those are the things that we are seeing towards increased allocation. Maria where is the exposure for large institutions would you say . Technology has been the group thats obviously been leading this market even though in the last couple of days theyve rolled over a bit, is it tech, other sectors that you could name . Tech has been the flavor of the last, i will say the last two years. Maria even for hedge funds . For sure. I think that there are certainly you have seen a lot of activity also, a lot of Hedge Fund Activity in retail space and with all of the shifting landscape of retail and people move get away and deal with whole foods and a number of other things, thats really shaking the foundation of retail and people are legitimately asking questions in five areas what is retail going to look like from equity valuation perspective. Are they going to go away . Maria they are betting against retail . A lot of Fund Managers are positions positioning for this shift, is there more people like am done, more downside in a lot downside in brick and mortar stores. Right now as youre seeing m a transactions really validating this back and forth themes. Maria we have been talking about the president and has taken place this week, Business Manager stepping off of the council, the president disbanding the two councils, do you think that gets in the way to have agenda and tax reform and how important are some of the economic policies that the president has talked about so much from for markets and for the continuation of these gains . I think they are very important and i dont think that that the last few weeks, the last few days really that have been defined by this flair up and interracial tension should get in the way because the economic agenda is everyone in the u. S. Stands to benefit from. These issues that have come up that have resurfaced in the last few days, they are not new to the u. S. For sure. These were with the last president ial administration. I would be willing to summit that almost every president have dealt with the issues of how do racial tensions, how do we feel about them and its a very delicate complicated issue but in terms of whether or not that should not be allow today get in the way of the broader economic agenda of tax reform. Maria tax reform is going to happen . I think it has to happen, its very important and it should happen. Maria we will leave it there, ken, great to see you. Ken heinz. We are talking about echo and why its so attractive to investors. Alister that stole the title of topearning actress from Jennifer Lawrence. Back in a minute ware of whats happening right now . Were facing 20 billion security events every day. Ddos campaigns, ransomware, malware attacks. Actually, we just handled all the priority threats. You did that . We did that. Really. We analyzed millions of articles and reports. We can identify threats 50 faster. You can do that . We can do that. Then do that. Can we do that . We can do that. Its time for the biggest sale of the year with the new sleep number 360 smart bed. It senses your every move and automatically adjusts on both sides to keep you effortlessly comfortable. And snoring. Does your bed do that . The new 360 smart bed is part of our biggest sale of the year where all beds are on sale. And right now save 50 on the labor Day Limited Edition bed. Welcome back good thursday morning everyone. It is thursday august 17. The commanderinchief will meet with the Small Business administrator. His decision to disband that ceo council. They reported earnings at top expectations. Walmart shares are down to a half percent. They beat expectations and are now trading up. For the broader average. The low of the morning right here. Down about 30 points. In europe right now stocks are lower across the board. We can see its its way off the lows here. In asia overnight markets were also mixed. The winners in china and korea and ek in japan was down fractionally. The details as the la subway system test new body scanners. Plus a dialing up a change. In the odds are no longer in her favor. The a list or in hollywood who dethroned Jennifer Lawrence as a top paid actress will tell you what it is. They delay in the new Mission Impossible film. The latest on the injury that tom cruise sustained while performing his own stunt. This is apple ceo tim cook announces that. This as a facebook ceo said in his platform writing. Its a disgrace that we suddenly decide that it is rug. As if this is not obvious. Its true. My thoughts are with the victims of hate around the world and everyone who has the courage to see that. Join us right now. Youve been an entrepreneur over and over again. Here you are once again. I want to get a take on your business. How impactful is that. We are testing the hypothesis. At this point do you worry that the agenda doesnt get executed. It is so important for Small Business. We talked about the health care in all of these policies. I spent four decades in the innovation culture. And i have seen regardless of the dysfunction and regardless of what happens in this government i think we are to continue to innovate. And this is what i do. Obviously relationships between the administration the Business Leaders of the country. They have obviously been tremendously frayed this week. And the president s diversity leadership he was on earlier and how stepping down was almost like a sign of weakness from the Business Leaders. As it can help repair relationships with Business Leaders. Or will it continue to be hard to be implement it. Its hard to believe that anything good comes out of washington dc in the next three years. You are using those. Artificial intelligence. We live at the intersection of Artificial Intelligence in this new phenomenon called internet of things. Its everything about the weight Business Leaders need that. I think the companies today is the phenomenon. In the Companies Like that. And then they may be 30 of the fortune 500 companies. Was a transformation. They have a roughly quarter of the sales of walmart. In a greater market cap. If amazon decides to go on the pharmaceutical business the censoring of value changes everything about that. And companies that mrs. Transformation are gone. Are they awake to the fact that these leaders are more traditional companies. You have the leaders of this altogether. They had had that with struggling to catch ups 99 for petes sake and it seems like there are a lot of leaders across all industries that can be could be making the same mistake. There are companies who are just driving this each way. There are companies that will be left behind. Companies like walmart are in jeopardy. They are changing very rapidly. Using Digital Technology to reach their customers. And serve their customers into service their customers. Tell me what i want before i know i want too. Theyre using it right now with their echo. No one is gonna shed too many tears about Corporate America going through the ups and downs. What is the impact that your vision accrual working americans. They had been able to displace a lot of workers in some of the other competitors and obviously they dont nearly expand to the same extent that they displace workers. What you see as future of the job creation. This relates to all of what is happening in Information Technology in the last 50 years from supply chain optimization. We had been increasing productivity but we had been replacing jobs. I think this is a very troubling issue. In these to be addressed in white it is provide holiday quality services. Think about it were. No cars, no drivers. Look at what theyre doing. This is can have an adverse impact. We need to think about that. It is an important issue. When i hear Silicon Valley leadership their attitudes are like lets have all of the guaranteed income. When you think of what it might be. They want to get people a bread and circus kind of approach instead of actually thinking about what are the jobs that could be coming out of this revolution. I think we need to look at k12 education. I think it actually changes everything. Through Distance Learning and what have you. As it relates to the job market. We need to look at k12 education. Our population is changed for the next economy. Do you see anything in the Current Administration that might be helping on that front. I see very little going on in washington dc. The likelihood of that. Were talking about the trump agenda. I do dont know what you think the likelihood is. I wish we would get tax reform. Dysfunction in the white house. I think were all on our own. My job is to create jobs. In my job is to not worry about it. The massive bleeding. In the application. And ai. To revolutionize healthcare. So they can look at that. It predicts in the seven years. Who is going to come down with that. So they can deal with these people are clinically over the next seven years. Rather than an operating room. The social impact of the is huge. In the name the disease. These people are driving innovation and healthcare. Like no one has ever seen. And your company is helping to innovate in that. In europe, and asia and north america and canada. They are driving innovation and we are at the table with them. The market are or the economy. The Information Technology company my segment is growing. My customers seem like they are investing. How different is the environment. Your customers are investing in. How long ago did you start to see that shift in business investment. This is one and when it started to accelerate. Today we are seen massive investments in people and training and ai. Think you so much its good to see. We will be right back. A familiar security feature for passengers at airports be tested. Lauren simonetti more. They are putting body scanners to work underground to check passengers for firearms and explosives. It is a twoday Pilot Program and will evaluate the accuracy of the machine and how fast they can work in a busy subway system. So unlike the Airport Security check. They dont have to take out their laptops or take off their jackets or shoes. The screening by the way is voluntary. Do you still have landmines. Land lines. I have to do is say okay google if it is the latest challenge to amazon it has calling and messaging features but you can only make those two other devices. Tom cruise recovers from a broken ankle. The Hollywood Reporter is sayed there well last eight to nine weeks. Its been a great year for emma watson. They start laughing or theres people sitting in the waiting room. Maybe im not good enough. Emmas done. She has just been named the highest paid actors in hollywood. Due mostly to the success of lala land which roasts 400 million at the box office. They are to 24 million this year. In fifth with 15 and half Million Dollars. Thank you so much. Thinking inside the box when it comes to backtoschool shopping. Tradition. Stay with us. Because it tells us something powerful about progress that whether times are good or bad, people and their ideas will continue to move the world forward. As long as they have someone to believe in them. Citi financed the transatlantic cable that connected continents. And the panama canal, that made our world a smaller place. We backed the Marshall Plan that helped europe regain its strength. And pioneered the atm, for cash, anytime. For over two centuries weve supported dreams like these, and the people and companies behind them. So why should that matter to you . Because, today, we are still helping progress makers turn their ideas into reality. And the next great idea could be yours. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Welcome back. Its about that time of year. Backtoschool shopping. It is a new Subscription Service that eliminates some of the hassle. Good to see you. Tell us what is in the box. Is it apparel or toys for kids. We always had a surprise and delight factor we carry amazing brands and a value price. And it is a personally styled box. Curated especially for that style sensibility. The parent and the child go to kid box. Com and they go through the style profile. From that we actually leverage on Artificial Intelligence. We actually Leverage Technology to assemble a personally styled box for that child. Is at the price or convenience that has people loving this. It is amazing brands at a value price and it is convenient for the mom. Weve a social mission and our core. For every box cap we work with an Amazing Organization to provide new organizations. In getting online. Not all but it is definitely a shift. Retail has actually increased yearoveryear. They had shifted. We look at the front door of every household is as a new door of retail and we are bringing a curated experience over the threshold of every household. Its not replacing stores they will remain to be important. Based on consumer preferences. This is a camerons box. And it features our brands. Do you had deals with all of these companies. We have strategic relationships. Weve the target list of brands we would love to list. We have a girl box over here. We have Jessica Simpson the experience is really personalized. And kids just get a huge kick out of it. Even in the day of mobile phones and xbox is. They had been created especially for them. We actually removed all the obstacles of shopping for the consumer. We had removed the obstacles so we provide free shipping, free return. And weve weaver Amazing Customer Service team. If they prefer one brand over the other. Every box gets better than the last. The data and technology are really driving our business. Im a fan of amazon but i we are really focus on the mom and the child in that. I spent my entire career in retail. It is shifting. We really see this as a replacement for the in store shopping experience. In the personal home of the customer. Youre right there in the thick of things where the shift is taking place. Congratulations. Game of thrones fans listen up. 2 diabet that is next hour. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its suppose to do, release its own insulin. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe pain in your stomach, or symptoms such as itching, rash, or trouble breathing. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin, increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. Onceweekly trulicity may help me reach my blood sugar goals. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar, activate your within. Ask your doctor about onceweekly trulicity. Maria well back good thursday morning. Thanks is to much for joining us. Im Maria Bartiromo, thursday, august 17, your top stories right now 8 00 a. M. On the east coast, President Trump ties to Corporate America dissolver Manufacturing Business Advisory Council disbanding in aftermath of President Trumps News Conference on tuesday. We want jobs, manufacturing in this country, if you look at some of those people that i are talking about they are outside of the country they are having a lot of their products made outside, some of these folks that really will leave out of embarrassment case they make their products outside and i have been lecturing them including the gentleman that you are referring to, about you have to bring it back to this country. Maria mate means for the future of the agenda this morning, retail again in focus Walmart Alibaba out with earnings this morning, stocks opposite directions alibaba to open at record high this morning, after results beat expectations, as you see the stock is up 6 right now, walmart is weighing on dow earnings be the expectations margins are questioned, as a result the stock down 2 and 2 3 , lower opening for broader averages we have seen this worsen this is low of the morning for sure futures indicating dow industrials sundown 50 points at open that is quarter of a percent lowe nasdaq analyst want half of 1 in europe marriages down cbo to look at asian markets mixed with winners in china korea, plus the key to heart Health Details on a stay has a some saying chaers action waiting for, nearly 300 Million Dollars in classic cars hit the Auction Block we take you there wait till see some of those wheels look like john snow from game of thrones, how ikea will hel you traps form a rug into the costume joining me to talk all about it Fox Business Network Dagen Mcdowell, chairman chief Investment Officer Michael Jones blade tv host. Great show kicking off a new hour, i like how i turned into will have the wing literal if you are remotely critical of the president and his words, and actions, then all of a sudden you are you marching with i think that is completely inas i know. I dont want to have to creati criticize the president we show focus on economics. I have been indoctrine aides by Fake News Media i have been a member of the media since i starting working for a living in my Fathers School before i even took the job i was going to be lowest on the totem pole in temperatures of how people felt about based on your career. Maria we have been supportive by the way, in some ways, we always talk about the agenda, every morning, by the way, we are we are certainly and i certainly have been, supportive as well but the president is not immune to be called out when we see something that doesnt make sense we will call it out. And so that doesnt make us liberals, part of this crazyness going on, i call it as it is that is what we thought you want. Dagen virginia same thing we call it like it is. Maria joining the conversation this morning arizona congressman with us chief Economic Advisory elerian host of Varney Company Stuart Varney as well big hour ahead please stay with us a lot to cover we kick would have top story, President Trump set to meet with Small Business administrator Linda Mcmahan disbanned Business Council blake burman in bode minister new jersey on president s agenda that meeting good morning to you. Reporter good morning to you early this week contending that he could simply replace ceos one after next falling out of his Manufacturing Council, the public pressure appeared too much for all involved yesterday the Manufacturing Council and the public and strategy freshman groups littered with some of the biggest ceos Business Executives from across the country disband the president yesterday silent as related to criticism involving his response to charlottesville out again in full force defending himself taking the twitter quoting from feed publishes speaking Lindsey Graham falsely stated that i said there is more kwifls between kq and neonazis sprite supremacistsing a engulfing lie cant forget election people in South Carolina of remember. Public learning how disk honest fake news is totally misrepresent what i say about hit a bigotry et cetera, shame. Speaking yesterday from chile Vice President mike pence stood behind the president s response. What happened in charlottesville was a tragedy. And the president has been clear on this tragedy and so have i. I spoke at lengthy about this heartbreaking situation on sunday night. Colombia i stand with the president i stand by those records. Reporter republican lawmakers in large part are trying to distance themselves from president as relates to comments on charlottesville we have seen reaction from some largest ceos groups ceos, that were frequent visitors at the white house remains to be seen when ones will be back when ones invited back. Blake burman in bedminster this morning we bring in san diegan congressman, biggest right now good to see you thanks for joining us. Thanks for having me. Criticism surrounding the president charlottesville comments distracting basically feels like ceos are no longer able to stay on the sidelines they have to come forward talking about social justice because of pressure is this distracting from the Administration Agenda . In some small part sis dominating media right now, and what we really need to be focusing on what we need to be moving back to is the tax reform package obamacare issue, the budget issues, the basically republican agenda, and you know this is this is something that we we can do, we can do this anywhere colleagues i talked to yesterday indicated with they are with me we can keep pressing forward getting the agenda done not going to let this distract us. Dagen congressman you have pressed forward pushed through a repeal and replace bill that died in the senate. In our going to be facing raising the debt ceiling keeping government open putting together a budget and then maybe talking tax reform without a coherent cohesive senate on republican side working alongside those in house how condition you gefr either anything done. You raised the fundamental problem that i see that is why i have been saying that they they really need to change 0 vote rule lets move through equal representation, in the senate. And i believe that the house needs to do the best possible legislation it can do regardless of we we cant avoid will senate devote this out we need to keep our word with American People, and get this stuff down, get it over to the senate, and then let the American People join us, in encouraging the senate to pass this good legislation that i think the house can get out. Congressman do you think that if you think about health care debate, there seemed to be the president obviously wanted a bill but wasnt very specific in the contents of the bill he was seeking the house and senate took fairly different approaches, and ultimately it couldnt get through the senate. Even with the a 51 vote test. So i guess my question is given all the turmoil seems to be occupying the white house do you think the president will be able toll provide sufficient leadership on tax reform to get a coherent bill from both the senate and house that can be actually enacted . That is a great question but but my response is yeah i think so because even though we have the examples ofbills being passed in both with houses on the health care issue, the one thing that everybody has talked about conflict of interestly getting a good tax reform package that yun anymore thee i think unanimity allow us to get something done helpful i think yeah we can get this done, and, quite frankly, we have to get this done. This is going to be the catalyst to economic strength and recovery we all get it we all understand that so i think, that there is much more consons us then you will see able to get done on health care issue. Are you expecting to have democrats participate in this tax reform package are you expecting to do this through reconciliation have 50 votes . Well, their positioning trying to position this for reconciliation. But i have talked to people and i do believe that we are going to see some democrats in swing districts who understand the need for tax reform are going to come on to at least some portions of this, and just against o how we struck it is it one big monolithic bill, a series of good tax reform packages that interlock with each other then i think you will see detract participation. Lawrence, jones in a second the president hed to your home state for Campaign Style rally next week i want to get your pick to on this because phoenix mayor stanton urging the president to change plans he postpone have rally he says i am disappointing that President Trump has he o chosen to hold a Campaign Rally our nation is healing from tragedy events in charlottesville, it is my hope, that more sound judgment prevails that he delays his visit. Congressman should the president postpone rally in your home state. No i think he should go ahead and come i think it is important to to get out and speak to the people if you want to if a person is going to unite this country he needs to get out speak to people you know mayors position for post mayoral race smir get what he is saying i think that is more political than reality. Congressman it has been said from sources on capitol hill, that many of the people in congress are losing faith in the president they believe that they should not support part of the agenda because he wont give them cover, do you are you getting that feel on capitol hill . I am i am not hearing that too much i have heard a couple people say that, but the reality is most of the people in the republican conference in the house anyway are right there, with republican agenda. We know that is the promises we have made i talked to leadership, actually member of leadership a couple days ago, saying i am going to be on with maria what do you want me to say are we industrially working on Health Care Still doing this he said yeah republican agenda is still objective Going Forward going to do best we can to get that about objective done. Maria yesterday all sorts of rumors after all ceos responding to president commentary on charlottesville rumors gary cohen is under fire pressure for him who knows about Steven Mnuchin are you worried the president is going to lose cabinet members. Yeah i dont think he has had all arbitrary and capricious members confirmed yet so, yeah, i think that that this has been a very difficult transition period lets face it there is you can point fingers at a lot of people but i think i am concerned because we want to stability in the white house, i dont think that that those there is certain not you guys but there are certain groups within media that are never going to approve of anything he does they are going to fight him all the way. There are people within the house that are going to fight him try to be obstructionists, and in senate all the way, so yeah, i am concerned. Maria you are concerned that cabinet members would step down . They might, i mean there may be some pressure i am not privy to what goes on internally, of course, but we want stability in the white house we want stability in the house and senate that is important for the country it is important for the economy. Maria congressman the president is tweeting about all sorts of stuff this morning, that is one of the issues, right . People want to know that he is focused on the agenda, here is his tweet this morning, i got to get your reaction to this great to see dr. Kelly ward is running against Flake Jeff Flake weak on boards crime nonfactor in the senate he is toxic what do you make of the president s criticism here of jeff flake . Well, you know the reality is those two kind of have this running war of words i guess. You know. Jeff came out with a book i guess a week or so ago pretty critical of the president has been critical of the president , and you know this is the way this president operates, i mean he is going to say what is on his mind. Going to say what is on his mind you warn if it is going to be an issue for the countrys progress. Right you seem to have legitimate worries congressman. You know, you have to understand i am an eternal on malice aforethought Eternal Optimist i think we are going to get agenda done, we have to work like crazy i was disappointed we did not say in session in august one of the ones pushing for that, but weve got to go forward weve got to get this agenda back. Maria all right congressman thanks very much for candor this morning we will be watching. Thank you. Maria the developments, congressman and bigs, there stay with us we will be right back. [brother] any last words . [boy] karma, danny. Karma [vo] progress is seizing the moment. Your summer moment awaits you, now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. Back emotional vigil university of virginia last night Lauren Simonetti with details. Hundreds of people turned out to walk peacefully same place white nationalistists marched friday where fights broke out remember 32yearold killed over the weekend, when she was struck by a car as she protested the rally, her parents appealed for calm. They tried to kill my child, to shut her up. Well guess what . You just magnified her. We need to stop all this stuff forgive each other i think that is what the lord would want us to do. Is to stop just love one another. Two Virginia State troopers monitoring the event died when helicopter crashed, lawsuit claims Poland Spring water is fake 11 plaintiffs filing suit in connecticut this week saying the water shth maing sales has been a colossal fraud perpetrated against American Consumers that is a quote, says nestle has been saying bolted groundwater under brand name since 1939 mislabeling it one hundred percent. I was falling in love now only falling there is nothing i can do, eclipse of the heart. Ready passengers aboard royal korean cruise total eclipse a special gift bonnie tyler to perform 1983 hit totally eclipse of the heart as moon sails grass to go the sun monday afternoon he depart from olympianed florida to caribbean on sunday, ikea playing a starring role in the hbo serious game of thrones men of knights watch used ikea costumes helping fans of the hit show make their own night watch case so put instructions on their facebook page, basically telling customers to cut circle they reportedly cant be purchased right here in the u. S. We cant find them. So i cannot wait for so will eclipse. Do you have glasses. No a good point special glasses to look at sun. Sold out most places, 7eleven selling them i know if you have able to find them i got alert this morning, and whatever glasses you do get you find make sure they are. Coming up fed fight over rate hikes split over best way to proceed on Interest Rates could a drink a day help the doctor away in sfriefg Health Benefits of booze for your heart, next. Their experience is coveted. Their leadership is instinctive. Theyre experts in things you havent heard of researchers of technologies that one day, you will. Some call them the best of the best. Some call them veterans. We call them our team. Its time for the biggest sale of the year with the new sleep number 360 smart bed. It senses your every move and automatically adjusts on both sides to keep you effortlessly comfortable. And snoring. Does your bed do that . The new 360 smart bed is part of our biggest sale of the year where all beds are on sale. And right now save 50 on the labor Day Limited Edition bed. The dinosaurs extinction. Got you outnumbered. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. 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Distill council how do you define light to moderate drinking. 330,000 people i dont know if patient people from interviews done at home, okay, just like you get to surveys at your house out of 330,000 people ranked light moderate heavy drinking, light for women between and drinks in a week on average, and men between 3 and 14 a week on average so one for women two for men a day. Maria what are the. Is it cardiovascular risk, significantly decreased, heavy binge drinks out the window. Drinking more than 14 per week for men 7 per week for women when i can tell patients you are good to drink told told my great aunt irene that should stake drink in the evening, as she began to suffer interest dementia we found her passed out on interior thought she was dead she had four shots of rather than one like out cold. What is the benefit is it just that it relaxes. We dont one hundred percent know yet. Kind of interesting, probably has to do with arterial dialation helps blood flow we dont know. Maria not relaxation . It could be it could be so that since we dont know exact mechanism let me ask the question probably on eachs mind i want to believe this stuff. But if you go back seems to be like every five or six years a study seems to contradict the last study what makes this definitive. We look at studies very good point the way the study was done the factors, so you have to look at okay were people smoking obese, you have to take the study as a whole with a this did that is kind of landmark, is they were able to teas out all of the other risk factors okay we know if you smoke, doesnt matter how much you drink you are going to die, okay . We know if you are mored byly obese able to easy to out factors, say these are self reported, estimates, okay, and by Self Reporting estimates, that is the one possible flaw with the study relying on people for their own wlaul writing something down mailing typical honest same in doctorss office. Smoking people lie about smoking dont want it on record a pox on their person, and if insurance policies will go up. Like if any record, that you have ever told anyone you smoke it will come back to haunt you,a in myriad ways. If they underestimate the amount they drink. Probably if underestimating probably good thing. Marginal of error. I use that my patients say they have two a day probably three. Great to have you thank you so much being here markets this morning the split in Federal Reserve overinflation concerns, may be abling johnson wages going up talk about that retail earnings in focus walmart shares this morning are hurting the dow industrials that is for sure they are down, they closed at better at close this morning weve got walmart under pressure even though company beat sales expectations we break down the numbers. Stay with us. Z. Maria welcome back. Good thursday morning. Thanks so much for joining us i am Maria Bartiromo. It is thursday, august 17. Top stories right now 8 30 a. M. On the east coast. President trump focused on business this morning, commander in chief will meet with Small Businesses administrator in new jersey today, this comes following his decision to disband his ceo council yesterday more on reaction from Business World coming up retailer earnings in focus top names Walmart Alibaba both beat expectations but there was weak outlook that is dragging down walmart shares down 2 1 2 weighing on broader averages alibaba up 5 to look at futures dow industrials is expected to be down at opening of trading this morning, this is certainly the low of the morning things have been worksening, in the last few weeks philadelphia Federal Reserve index out dow industrials down 60 points at open what we are expecting expecting nasdaq down 30 points, that would be one half of 1 initial jobless claims hitting the tape as well in europe here is what action looks like down across the board as you see ft 100 down half a percent dax down a quarter of a piers in asia mixed about at the close we see shanghai korea winners there, in china and korea, and nikkei down a fraction as hong kong hang seng. Disney plans to cut cord starting a trend turner brukd big on sports plans to launch it streaming service next year, practically out checkbook we head live to the california car show billionaires searching for newest toys a look at hot wheels stay with us on that the dow industrials expanding winning streak above 22000 mark yesterday again ending in positive territory for a fourth straight session. We are seeing a pullback this morning futures are near the lows of the morning we want to look at what this market is counting on, particularly with the uncertainty over the president s agenda. Joining us right now chief Economic Advisory for allianz that is elerian a pleasure thanks for joining us. Thank you let me ask you about what we saw in washington this week mohamed how it is impacting, the agenda, and how that may impact markets. Because all of those Business Leaders stepping down, you know many of them i know many of them, they wanted a stand and said that what was going on in washington was too much of a distraction at this point, what kind of of impact is that going to have . Look it is not good news for two reasons, one is that you dont get the input of the Business Community at a time when the administration and congress is looking at tax reform, infrastructure. And the second reason it is not good news it drowns out any discussion infrastructure and tax reform, remember youve got to design these progrowth mirs ufth to get buyin implementation and for that you need focus, and the focus right now is elsewhere. Maria yeah. Do you think they can get back on track mohamed do you think it is priced into this market that we will get tax reform . Or are people giving up on this at this point . I think people have pushed back the expectations for tax reform. They are come conferred a Global Economy in goldilocks mode not too hot not too cold traditional banks remain supportive of markets and by all this money that continues to make its way into the marketplace including from corporate balance sheets, so for now, people are saying i know tax reform is important. I know it has been pushed back. I know it is a good destination to have but let me enjoy the joyner for now. Good point i am glad you brought up Federal Reserve top story one of the top stories in the journal today is inflation we heard from fed yesterday, what is your takeaway on fed minutes . We heard two things from the fed on inflation, one is they are uncertain as to why inflation has not gone to 2 target two they disagree about implication of that for policies i think that is important. Because it is going to make fed slightly less hawkish would make it continue to be bullish yes probability of a fed hike in december is still there but it is lower than it used to be. Maria interesting because i guess the Federal Reserve is really split at this point over how to handle the pace of Interest Rate increases fed minutes said concerned about effects potential hikes could have on inflation you do think what we are seeing in inflation what we are seeing in the economy, is pushing out the the string of rate hikes . I think it is, if you have a conventional mindset conventional mindset a tradeoff between unemployment and inflation and if inflation isnt about flashing yellow or red stay has to i look at it slightly differently i say be aware of financial consequences of Interest Rates being too low too long yes, inflation may not be 2 , but the longer you stay too low for too long the greater risk of Financial Stability around the world. How would you allocating capital if what you want to do if vested already in this market. I think you want to reduce dollars at risk put in sectors underperforming for example if u. S. Focused get global exposure in tech look at american markets still opportunities there, so stay invest erred diversify. Tough wore dollar talk World Economy japan world area showing signs of growth what is the story on dollar right now why are we seeing, the the year that weve seen, of course, given this recovery, a bit, do you think that is sustainable . It is an important issue. In a way it is a good thing, that the dollar has weakened, because that helps competitiveness that helps growth why weakened . Case markets have repriced Growth Prospects in favor of europe repriced Interest Rates expectations in favor of europe the ecb minutes released today what is the ecb concerned about . About the euro being too strong, about the euro being headwind to growth think of strong currency in todays economy hot potato no one wants strong currency we have had a weaker currency going to help growth corporate profits. Maria really important point you wonder what that means for Economic Growth as they wrangle with tax reform package brady ohios of house aways Means Committee was on show yesterday, saying were to go to have a tax package on president s desk by thanksgiving, that is going to lead to economic greeting, if we continue to see the dollar, sort of weaken or stay at these levels and get a tax package that would be boon for tax reform correct or Economic Growth . Maria i think the most important thing this is a really Important Message to washington. Is that no reason why we cannot grow at a faster more inclusive rate. This is self inafflicted we know the measures that are needed a question of design implementation if you get design and implementation this economy can grow more at 3 than 1 1 2 to 2 stuck out. That is what what we want to see 3 could actually see jobs weem are wondering this is a business president right he was a business man, not a politician going to the white house. The Business Community was backing him even if politics were different, and now, you are seeing these counsels disbanding so i guess i ask you are markets investors the business communities that you speak with are they getting worried about about what is happening in washington . And can he get this back on track . They are getting worried and getting worried because it is continued dysfunction means that you dont get the enabling environment you are capable of getting having said that has been operating in that world a while lender to be more resilient agile, and trying to navigating this not whether we continue at low level of growth the issue giving up an opportunity and as we give up an opportunity, maria, it did he presses lowers Growth Potential so an issue for kids as well as issue for today. Maria what to do about it mohamed . So i think first of all, the progrowth elements identified, infrastructure, tax reform, deregulation that is an important component. After that, things that improve human capital, retraining, retooling the Education System and then after that the need to catch up with what is happening on big data what is happening Artificial Intelligence mobility a long list of things to do again maria it is not an engineering problem. This is a political implementation issue. Maria maybe usually markets dont get affected by this kind of thing, but if you are counting on tax reform, that is when it could actually impact markets, i mean, what is your gut tell you do you think you are going to get some tax cuts done this year i feel when i speak with Market Participants they are expecting it i dont know how you of a he will. If we just get tax cuts note tax reform, that is not going to be enough to sustain a much hero growth rate it may give us a bit of a boost, but profit corporate profits is not the problem corporate profits almost alltime high. Maria right. Companies dont know what to do with that cash, cash balances are very high, what we need is tax reform we need to have incentives in the system take away distortion what is what is needed. Maria by the way, you said europe looking better but expecting stimulus to go away in europe we got ecb minutes out this morning, a lot of people have been saying europe is the place to find opportunities right now, and i say . I think europe is having a good cycle moment it is not a as structural secular moment still have work to do better moment in short term markets are telling you a lovely joyner good part of the join we are enjoying the joyner but major question marks about the destination. Would you invest in europe today . I would certainly want to have a more balanced portfolio, with some you european and other some merging market exposure makes more sense given roletive valuation u. S. Market outpaced most markets in the world but, again, i would have some cash on hand, because i think you want to keep an eye on the destination. In other words, cash in hand because you are expecting a bit of a selloff get another opportunity to get in . Because i think if you are long Term Investor it is not enough to enjoy the journey you also have to have confidence about the destination and until we see progrowth measures being implemented in the u. S. Being implemented in europe, we are not going to be able to validate asset prices over the long term. Maria well said always a pleasure to see you thank so much. Thank you. See you soon elerian joining us are chances for tax reform slipping away Stuart Varney has a thing or two to say about that kicking up a notch first look at turner new plan to follow we check it out back in a minute. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. 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Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. When this bell rings. It starts a chain reaction. Thats heard throughout the connected Business World. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Welcome back walmart wag on dow this Morning Company profit outlook disappointed nicole on the floor. Outlook weak on weekend of the earnings per share seeing downside. 7 dow futures down n 54 points you are going to see some of that because of walmart may be 1, 14 negative dow points news good news earnings per share revenue beat comp sales on rise traffic in stores rise sams club a little week outlook weaker promising spending a lot trying to compete against amazon target making acquisitions in the one bright start oe. Commerce growth up 53 last quarter up 60 this quarter jet. Com, also making lots of acquisitions in oe. Commerce area you can see all three about looking down this morning, amazon target walmart then if you are a you love stocker maybe for you everybody cutting the cord Turner Sports launching a streaming network to air, champions league, Soccer League you are going to see over 340, also on tnt, like disney hbo this is to compete no one else netflix amazon, another way to watch sports streaming. Incredible what is going on in the market nicole thank you could backlash of President Trumps response to violence in charlottesville threaten legislative agenda being a all Morning House ways means kevin brady bullish told me he wants something on the president s desk by thanksgiving joining us Stuart Varney. I got to say that the chances of getting a tax cut this year to me at least, are slim, and none. Look at that accurately calendar to start with, you got 12day period house and senate in session together, and those 12 days you got to get a budget down debt ceiling did i in and of itself now throw in latest political crisis, i think that is an accurate word to use, President Trumps allies walking away from him, that is not going to make the congressional calendar any easier on his growth plan, if you ask me, are we going to get a tax cut in 2018 frankly i would say the chances are slim and none. Do you think priced into the market or is that going to be a surprise for the market that is going to tell us if a selloff or not. Very good question maria, i think maybe it is beginning to be priced into the market. Looking at futures down 50 points right now, maybe a very small part of that is this ugly feeling that aint going to get no tax cut this year maybe being priced in now just the start in my opinion. Michael. Right after President Trump was elected small caps went on this amazing tear because obviously they are going to be the big beneficiaries from any tax reform they pay highest tax rates big multinationals seem to be able to dodge tangibles moving revenue overseas since four or five months small caps gave up all those gains now actually underperforming large caps even from the day that President Trump was elected. Maria that tells the story stuart. Dont you think that means the market has already said tax reform just isnt going to happen because reading the exact same thing you are . Look the strength of the market is as follows. Profits are very, very good. Strong and growing. Overseas, growth is very strong. And growing quickly, look at japan, 4 growth. Maria china too. I still think the hope of a tax cut the hope especially of an Infrastructure Program that is still giving some support to the market. Maria right. But not that snuch. Maria good point look at small caps see you in tens minutes top of the hour 9 a. M. Join stuart and Varney Company coming up right after mornings with maria first the world portrays rarest ride into california live of a super bowl of classic car collecting see this group of wheels back in a minute. Opens up microphone feedback listen up, Heart Disease. You too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Car collecting kicks off more than a quarter billion dollars expected to hit the Auction Block adam shapiro is in pebble beach california with a preview. Reporter for 14 years official auction house gooding and company 129 Million Dollars in sales last year see what they do this year David Gooding founder joins us to talk about one of the stars of this years auction, this 1970 porsche 917, 917 a Steve Mcqueen connection tell me about this. Absolutely, this was used in the famous remove le monde steve me queen directed wrote starred in one of the starring drove 917 his lead character drove it this is one of the cars used, three. This car is going to sell for what do you think about 12 or more Million Dollars. We are estimating 1 to 16 Million Dollars, and if i should say when we sell it, it will be a world record for what is interesting too you are going to possibly set not necessarily a world record but youve got one of the most expensive ferraris for sale i believe we have video show car 1966, 275 why that is car special. I mean looks fantastic sounds fantastic, wonderful to drive only made 12 of them a very special ferrari. The ferrari, 70 years ferrari in the United States a special honoring of ferrari pebble beach this year we see them in multimilliondollar range. So charismatic exciting cars automotive, gorgeous look great sound great, people just love them, and they didnt produce that many. That car right about 16 Million Dollars for that car. Actually it is much cheaper 12 to 16. So a bargain Maria Bartiromo a barring you could buy that talk about this there are cars for the perhaps less wealthy millionaire jaguar 38 special because. Ss1002 1 2 liter made 100 of these beautiful restored great looking cars prewar car sexy swoopy beautifully restored shown at pebble beach beautifully done ready to be used enjoyed. David gooding a pleasure to be with you big drive in three hours auctions friday and saturday we wish thank you best. Thank you. Maria bartiromo think about that they could they have there have been talk about all auctions on peninsula hitting a half billion dollars in sales but a big chunk is right here gooding and company, honestly that porsche is hot you would look sweet in this jaguar. I think i am with you there every beautiful cars there thank you so much, adam shapiro in california coming up final thoughts from allstar panel right here back in a minute. I was wondering if an electric toothbrush really cleans. Better than a manual, and my hygienist says it does. But. Theyre not all the same. Turns out, theyre really. Different. Who knew . I had no idea. So, she said look for. One thats shaped like a dental tool with a round. Brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to. Gently remove more plaque and. Oralb crossaction is clinically proven to. Remove more plaque than sonicare diamondclean. My mouth feels so clean. Ill only use an oralb the 1 brand used by dentists worldwide. Oralb. Brush like a pro. Welcome back at final thoughts right now. Looks like hes going to be endorsing competitor in the primary, dr. Ward. I dont know if it is a good step for the president. He treated that this morning actually. Michael jones. Our immediate outlook is based on rising wages. The fed just published a piece that says the average worker is getting good pay increases mass by demographics. Steve mcqueen collectors watch, not the car cheaper. Things got everybody. Varney company. Dream to the word isolated appears all across the media in reference to President Trump. Maybe the expression pile on would be more appropriate. The president s allies are walking away from him. The business Advisory Councils argonne put a lot of distance between Corporate America and the white house. The president s response to charlotte so contradicts American Values yet this the sweet piles on. The Republican Party is largely shutting the president. When the critics of the very few