Please dont leave me, girl. Dont you go. Aint too proud to plead, baby, baby. Please dont leave me, girl. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning, everybody. Im lauren simonetti. Lets take a look right now at how your money is moving this morning. Futures down in the u. S. , dow is off 45, nasdaq down 24. Cheryl yield on the 10 year treasury right now as we see a collapse in the global bond market, down 6 basis points, 2. 02 . Lauren Consumer Confidence plus new home sales due, plus jay powell will give his thoughts on the economy this afternoon. Cheryl tensions in iran continued overnight. Lets look at oil. It is unchanged right now, 57. 90. Lauren looking ahead to the g20, stocks in asia lower across the board. The hedge sensinhang seng down,. Cheryl in europe, markets all in the red. Lauren iran declaring the permanent closure of diplomacy with washington in response to President Trumps new sanctions targeting the Supreme Leader. Cheryl ray bogen is in washington with more. Reporter President Trump says he used great restraint when he decided not to strike Iranian Military targets last week, but hes not afraid to hit their economy. Since the administration pulled out of the iran nuclear deal, theyve levied over 1,000 sanctions. The president has added even more sanctions on iran, meant to cripple their economy. The main target, irans Supreme Leader. The Supreme Leader of iran is ultimately responsible for the hostile conduct of the regime. Reporter the sanctions stop him or anyone who works for him from certain Financial Resources and blocks access to the Financial System and assets in the u. S. It also punishes foreign Financial Institutions who try to help iran. For the people who say shes are just symbolic, thats not the case at all. Weve locked up tens and tens of billions of dollars. Reporter the head of the Senate ForeignRelations Committee supports the sanctions and is a proponent of negotiations. Every nation wants to be a secure and they need to do what the North Koreans did and analyze, is it in our better interest to pursue a nuclear weapon. Reporter democrats on capitol hill have pushed the president to release a plan for how hell handle escalating tensions. It remains unclear what if any strategy this latest round of sanctions fits into and whether the latest round of sanctions will compel irans leaders to alter their current course. Reporter members of congress are split on whether President Trump needs authorization for military strikes against iran. The senate could officially consider that this week as they debate the National Defense bill. In washington, ray bogen, fox news. Lauren u. S. And chinese officials speaking on the phone ahead of this weeks meeting between President Trump and chinese president xijinping in japan and Robert Lighthizer spoke with chinas top negotiator yesterday. Fridays meeting will be the first facetoface meeting since trump threatened to slap tariffs on basically everything beijing exports to the u. S. Cheryl fed ex says they shouldnt have to follow federal rules after they mishandled huawei. The increasing use of restrictions on exports and imports by the Commerce Department in various geopolitical and trade disputes korea its just an impossible burden on fed ex and common carriers because under the department of commerces regulations, we are expected to be cheryl fed ex reports their earnings after the bell today. Lauren they ship 15 million packages a day. And mexico is deploying 15,000 troops in their efforts to stop the surge of migrants at the southern border. Cheryl in washington, the house could vote on a 4. 6 billion emergency funding bill today. Weve got Griff Jenkins with all the latest. Griff, good morning. Reporter good morning, lauren and cheryl. Well, it appears this house border supplemental is in real trouble at the moment as a source tells fox news they dont have the votes to pass it yet. Some want to add provisions to the bill before they support it. The rules commit at this hasnt filed committee hasnt filed the vote to open the door to voting. I dont care what anybody says about the need for more funding. There is no excuse for children to be treated that way. I think theres a special place in hell for the people who have allowed this policy to go forward. Reporter so its unclear even doubtful that the house will even take the measure back up today. At this point i, ant the and ths ticking, the president gave them two weeks to get it done. The senate and the house have to each pass their bills respectively, then it ha has toe blended before it goes to the white house where we hear theres a veto threat. Speaker pelosi weighed in on the president s threat to i. C. E begn i. C. E. Deportatio deportation r. This is not america. We do not break up families because of status violation. Reporter this as mexico continues to do their part supporting the effort to slow down the surge of migrants at the border. Mention he comexicos secretae said they have deployed a total of 15,000 troops. I can tell you, the border patrol, the u. S. Border patrol tell me theyre seeing a reduction in the number of apprehensions but its too early to tell what exactly the impact is. Well see what the day brings in the being behind me where lawmakers can get their act together. Cheryl President Trump signed an executive order yesterday that calls for upfront disclosure by hospitals of actual prices for tests and procedures. It is all about transparency for patients. With this order, hospitals will be required to publish prices that reflect what people actually pay for services. In a way thats clear, straightforward, and accessible to all and youll be able to price it among many different potential providers. Youll get great pricing. Prices will come down by numbers that you wont even believe. You wont even believe it. Cheryl this executive order will call for a rule making process by federal agencies, mostly secretary azars agency, which usually could take months or even years to implement. Cheryl lets get to other lauren a new government Study Shows Oil and gas leaking into the gulf of mexico 1 a 5 15 yes after hurricane ivan in 2004. The federal bureau of safety and Environmental Enforcement estimates a leak somewhere between 378 and 4500 gallons of oil per day. Stephen moore failed in his bid to join the Federal Reserve board but he will soon play a key role with cryptocurrency. He joined a group of entrepreneur creating an entity called decentral. They will attempt to perform fedlike duties in terms of regulating the supply of crypto in the same way the fed controls the supply of money for the u. S. Economy. An angry new york Restaurant Owner received a big refund from grubhub. The delivery app refunded 10,000 to the unidentified owner after he complained about five years worth of bogus fees for calls a that had nothing to do with food orders. Its the largest refund to come to light at a time when other restaurants say they too are battling grubhub over fees. Mcdonalds decision to use fresh beef paying off. The burger chain says the switch from frozen patties helped them increase market share in five years. Sales jumped 30 , so fresh is best. Cheryl lets take a look at u. S. Futures. Weve got red arrows again. June is still so far a very strong month for all major u. S. Averages. Dow down 29, s p down 5, nasdaq down 22 and a quarter still ahead, u. S. Sanctions hitting irans economy. Why irans leaders are now hitting back at the United States. Were going to explain that. And also why are major stock exchanges in this country accusing their own regulators of ethical conflicts . Keep it here on fbn a. M. This love has taken its toll on me. She said goodbye too many times before. Her heart is breaking in front of me goin down the only road ive ever known like a drifter i was born to walk alone youre a drifter . I thought you were kevins dad. Little bit of both. If you ride, you get it. Geico motorcycle. 15 minutes could save you 15 or more. Who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. The Supreme Leader of iran is one who ultimately is responsible for the hostile conduct of the regime. Hes respected within his country. His office oversees the regimes most brutal instruments including the Islamic Revolutionary guard corps. Cheryl President Trump announced new sanctions on iran yesterday. This time he is targeting the countrys Supreme Leadership. In response to the fresh u. S. Punishment, tehran has declared the, quote, permanent closure of diplomacy with washington. Lets bring in colonel daniel davis. Good morning. Good morning. Cheryl its interesting, because these added sanctions against iran, theyre really targeting the money thats flowing to the leadership. Do you think this brings the ayatollah to the table . . Clearly, it doesnt. This is obvious, this is not going to work. This highlights the whole point that the maximum Pressure Campaign is causing maximum chaos for our own interests. All it does is push iran further away from coming to any negotiations. Youve seen bolton and pompeo have recently saying the right things, the doors open, you can talk. When you look at what were asking them to talk about, permanently dismantle the Nuclear Weapons program, stop Ballistic Missiles and other things, the problem is, they dont have a Nuclear Program but were strangling them with the economic situation. Cheryl let me push back. I think the fear is theyre trying to get to development of that and i think the administration and otheral lies in europe dont want other allies in europe dont want to see that happen. Dont you want to head it off the pass now . They dont have it. We had an agreement in place. Actually, its still in place with the jcpoa to prevent that very outcome. And by getting out of it we gave away the leverage we have to keep that going into the future. But by all we do is using pressure, we dont provide any kind of diplomatic offramp. The clear result of that is going to be harden resolve and to increase the chance of war and thats why this is really a dangerous play, if we push too hard, we could cause the thing were trying to prevent. Cheryl see your disagreement with the administration. Mike pompeo met with the asaudis, hes trying to put more pressure. Do you think the saudi coughs be a voice that iran would listen to, along with european pressure . Absolutely not. Saudis are one of their biggest add veebiggestadversaries. Cheryl i want you to listen to what President Trump had to say about the strategy. Listen to the president. I look forward to the day when sanctions can be finally lifted and iran can become a peaceful, prosperous and productive nation. That can go very quickly. It can be tomorrow. It could also be in years from now. Cheryl isnt that an olive branch, his words . Its only an olive branch in so far as were willing to give some things. If were trying to add Ballistic Missiles to this discussion, then that means we have to be able to give something more than the jcpoa had. Theres many people that dont want to give anything to iran. Until youre willing to give as well as take, then theres no basis for negotiations. Cheryl we have to run, but do you really think were headed to war with iran . If we keep pushing too hard, theres the extreme possibility that that could happen, whether by design or whether by accident, miscalculation, and having no communications increases that risk. Cheryl colonel, thank you for being here. Always great to have you on the show. Thanks, cheryl. Lauren spacex launching the latest rocket from Kennedy Space center in houston this morning. The falcon heavy carrying 24 satellites for customers including the department of defense with elon musk calling it the most difficult launch ever, and off it goes. Cheryl lets check the action on wall street on this tuesday, a little bit of pressure but markets for the month of june got to he remind you here, weve got strong markets, all the major averages up more than 2 for the month. Could have the best month for the dow since 1938. Well see how today plays out. S p is down 5 and a quarter, nasdaq down 25 andahalf. The dems are getting ready for their spotlight. This weeks first debate of the season is about to get underway. Are the other candidates going to turn all of this into a biden bash . Were going to talk about what to expects. And bad for business, the one candidate that the cofounder of home depot is calling the enemy of even every entrepreneur. Youre watching fbn a. M. I want to take you you away. I just cant refuse it. Keep on rocking to it. Please tonigh dont stop the the latest innovation from xfinity isnt just a store. Its a save more with a new kind of Wireless Network store. Its a look what your wifi can do now store. A get your questions answered by awesome experts store. Its a now theres one store that connects your life like never before store. The xfinity store is here. And its simple, easy, awesome. Lauren the democrats are getting ready to take the stage in miami for the first of the democratic candidate debates. Former Vice President joe biden, look, hes still in the lead but thats not stopping him from taking a shot at rival senators Bernie Sanders and Elizabeth Warren, who are both promising big student loan relief. Look, we can do this, im not making the numbers up. Mine are not lets make everything free for everybody all the time. We can send everybody to Community College for free, cutting in half the cost of college, by just adding 6 billion to our budget. Lauren amber is at the White House Correspondent and she joins us now. Good morning. What is going on here . Whats happening is biden is breaking his pledge not to attack the other candidates p but he has no choice. He is the frontrunner for now. Things are change in a primary race very, very quickly. You see Bernie Sanders and Elizabeth Warren attacking one another as well, bernie suggesting warren is part of the establishment. This is where the dem candidates try to separate themselves out from the crowded pack. Lauren two questions for you. What is bidens best strategy . And number two, you have Bernie Sanders going very much for the left, were going to pay for everything, everything is free, biden more in the center. Is Elizabeth Warren carving out that reasonable progressive path that might actually help her and is helping her in the polls . It certainly seems like warren is nipping on bernies heels, coming up from closer to the bottom and is doing really well by having this middle of the road message between these two wings of the democratic party. Biden obviously going for his return of normalcy campaign, also campaigning on obama who is very popular within the democratic party, so thats not a bad strategy to campaign on that record. But bernie still has a lot of momentum from 2016. He feels things were stolen from him then by the democratic establishment. And that might be a good case for him to make, that this is his chance to shine. Lauren you said joe biden is campaigning, look at the success we had with barack obama. President trump said theres something fishy, there might be a big secret on why president obama has not endorsed his Vice President , joe biden. What do you make of this . I think its a fair point. If biden is going to campaign on that record, then it would stand to reason that he should ask for obamas endorsement. Yet he claims that he told obama not to endorse him and im wondering in what world that strategy makes sense when you have a former president who is quite popular within your party, when youre running on his record, it really doesnt make sense to say by the way, though, barack, please dont endorse me even though im your best friend and even though i want to tell the people what we did during our eight years in office. Lauren in what world does it make sense that we can wipe away all of your Student Loan Debts and pay for everything when you look at the state of our entitlement programs. When we retire, in 15 years, at the current levels there wont be anything for you when it comes to social security, for instance. How does bernie suggest that we can really pay for this . I think this is going to be something that is really leaving a bad taste in the mouth of people who worked really hard, were financially responsible and paid off student loans. Any other outstanding debt that they may have. And i think the question people are going to ask is at what point do we stop saying you need to pay off other peoples debt. Do people get their homes and autos paid off. Why stop at Student Loan Debt . This is going to be a pie in the sky proposal that bernie is going to have to explain,