Actions taken on pandemic and how money is being spent today. Getting america back to work today, larry kudlow will join me today at 8 30 a. M. Eastern live on the reopening of American Economy and rebound hes expecting and what if any additional stimulus is needed. We will also get into china. Turn into markets this morning. Futures are turning direction this morning. We are expecting weak opening this morning for stock prices, s p futures down 10 and nasdaq futures lower by 12 this after positive news from moderna on vaccine trial help fuel strong rally for stocks. Dow industrials up 911 points yesterday almost 4 . The nasdaq was up 220 points and s p was up 90 all the major indices up 2 and a half and 3 and a half percent. A closer look at the Pandemic Impact on retail this morning, this morning we will get walmart, hem depo who remained open reporting earnings. More stores and malls are reopening even in the face of bankruptcy elsewhere. Who would be held responsible . Attorney general bill barr saying a criminal investigation of former president of barack obama and Joe Biden Sun likely, they are looking at criminality else subpoena where this as senator graham pushes to subpoena comey and mccabe and other obamaera officials. Prepare to go kick off what many hope will be a full season. Mornings with maria is live right now. We have earnings miss right out of the gate. Home depot with quarterly numbers. Cheryl casone with the numbers. Cheryl earnings missed, earnings per share, 208. Estimate for 227, they missed on that, revenue coming better than expected and we will take it at this point, 28. 26 billion, estimate 25. 4 billion. More importantly home depot suspended their outlook, they are not getting any guidance whatsoever. Also they gave us same sales store numbers, that includes other countries, but in the u. S. 7 and a half percent jump. Again, remember, this is the First Quarter for home depot. They are talking about some of the expenses and curve for Employee Support and giving us a hint of what the Second Quarter will be look like because they started putting support for employees and home depot down almost 2 and a half percent in premarket. Right now we are waiting on walmart. We will bring those numbers to you when we get them in the news room back to you. Maria we have the stock down 2 and a half percent. Setting the tone Cheryl Casone, thank you so much. Joining us right now cfra senior equity analyst, gary nelson and fox business dagen mcdowell, National Taxpayers union senior fellow mattie duppler. What does it tell us about the month of april . What i think it tells us is uncertainty and the vast of majority companies are withdrawing guidance. Theres no visibility regarding the fore looking outlook. One thing that home depot has going for it is people are staying home, theres a lot of Home Improvement thats happening, so we thought there was a chance that they might not withdraw the guidance and they might revise it and its just a little bit of a surprise. Maria yeah, and its worsening as we speak. Its down dagen mcdowell. Dagen i was looking how high is up year to date and thats why my head is down like that. A stock its up 12 year to date. Thats the year to date reform, so the fact that we are in the worst economic imenvironment that we have seen environment that we have seen since great depression, bankruptcy, nieman marcus, j. Crew and is it any way to know at this point what the retail landscape knows looks like even 6 months from now. Maria garrett. Garrett its very difficult and we know theres going to be a lot of distress, thats why you have seen bankruptcies and jp penny most recently and really any other retail related to shopping malls is going to be facing a lot of distress and thats why we Like Companies like walmart, cosco, we think those companies will be winners longterm. We view them as pandemic winners and they will pick up market share and particularly higher market discretionary categories where they make a lot of their margin. Maria well, we will get more information on the whole environment when we hear from walmart and target, those numbers out this morning. We will have those for you. In the meantime we have stimulus being thrown at the economy. This morning we will have testimony, federal chairman jay powell and Steven Mnuchin to testify this morning and report in cares act. Whats your take, are we going to see more stimulus rather than later or do you think this is going to work in terms of lifting this economy from 10 trillion thrown at the economy between the between the Congress Acts and the fed . Garrett so what we think its doing is helping provide some support to Consumer Confidence. We had may Consumer Confidence numbers that came out on friday and it was much better than expected and, you know, representative balance from the april numbers. We do think theres going to be another round of stimulus. Theres a lot that needs to be worked out between the two sides of the aisle but we do think theyll be another bill and what is really helping to do is support Consumer Confidence which is extremely important, consumption accounts for 70 of usgdp and you cant have consumers throw in the towel and its critical that they continue spending through the period to pull us out of the recession. Maria yeah, which is why home depot among others are suspending 2020 outlook. You just have no visibility in this economy, Jon Hilsenrath. Jon you dont and, you know, we are going to be talking a lot today about home depot and walmart and the big guys. What im word right now is the little guys just driving down the street yesterday. Im seeing so many boarded up shops and those are smaller retailers who dont have the access to funding that a walmart or a home depot have. The other thing im word about is permanent versus temporary, you know, at the start of the crisis we were hoping the shutdowns were going to just be temporary and people would come back, two months later, we are seeing permanent shutdowns and thats longterm scarring on the economy. Maria it sure is, dagen. Dagen quickly i want to add on Small Businesses just based on the back of my envelope math, 85 of Small Businesses in the country will not get their hands on any paycheck protection money and the Federal Reserve which the wall street journal writes about is writing about Lending Facility of mediumsize businesses and i have not heard good things from businesses and even banks that are thinking about participating in it. There are a lot of of hooks and there are a lot of questions about how like they dont want to take out a loan for the links thats required in the program. Maria yeah, it may come up today at jpmorgan annual meeting which is taking place today. Garrett, good to have you this morning, Garrett Nelson with the latest there. We want to take a look at and to you, we will see you soon, sir, some of the top stories that we are watching this morning. President trump is threatening to make freeze to World Organization permanent if it does not make substancetive improvement within 30 days. Trump suspended funds as his administration investigated its response to the covid19 pandemic. The president has accused w. H. O. Of being china centric. President trump also telling reporters that hes been taking hydroxychloroquine to prevent the coronavirus for a week and a half. At some point i will stop. What i like to do is i would like to have the cure and or the vaccine and i think it will happen first. What do you have to lose . Okay, what do you have to lose . Maria the president held drug as potential gamechanger in the battle of coronavirus, medical experts have said that theres no proof its an effective treatment for covid19 and can cause serious side effects, some of them fatal. The financial pain from covid19 hitting home, more than 4 million americans are not making mortgage payments right now according to Mortgage Bankers association. Fewer homeowners are requesting relief from Mortgage Companies as stay at home orders are lifted across the country. Nascars return to the track, success, real heros 400. First race since coronavirus drew 6. 3 Million Viewers on fox on sunday. Thats the highest rating of any sporting event since daytona 500. A lot to come. Dont miss it. Former acting attorney general, then retired four star general jack keane to talk about alqaeda attack. California congressman elect mike garcia talking about flipping his district red. Hes going to get sworn in today. We will speak to him before that. And the former ceo of wynn resorts steve wynn talking about reopening america today. Kennedy here talking about powell and mnuchins testimony today and larry kudlow on reopening america, plus mark cuban is here on his ideas for more stimulus for americans, we have a jampacked 3 hours, do not miss a moment of it. Lets slip in a break if we can. Who knew what and when, investigation of obama officials hitting a road block. New face of travel, how airlines are adjusting to new safety protocols. We are back after the break. As did president obama and Vice President biden, whatever their level of involvement, based on the information i have today, i dont expect mr. Durhams work will lead to a criminal investigation of either man. Maria that was u. S. Attorney general william barr saying he does not expect john durhams investigation to lead to criminal charges against the former president and Vice President. Joining me right now former acting u. S. Attorney general Matt Whitaker. Thank you so much for joining us. Matt good morning, maria. Maria why they were investigating trump goes back to the oval office, goes back to president obama, given the timeline that we have on january 5th, there was an important Oval Office Meeting where obama brought up the logan act as they tried to take down general flynn. Your reaction to all of this . Matt well, my reaction is the American People want accountability and they want to not only know what happen but they would like anyone that broke the law to be prosecuted and i think what bill barr was saying he doesnt have evidence and we have to have regular order at the department of justice and we have to follow the law to restore integrity and we cannot follow the same play book which obama doj did, cut corners, lawless like we saw with obama holder like comey who brought nightmare to our country. Maria yeah, and the name of your book is above the law because they were acting above the law based on what we know right now, two out of four wiretaps of carter page were unlawful. We will know from john durham soon. We know that there were informants thrown at the Trump Campaign and we know the fbi changed document and and said that carter page was not was not a source of the cia when, in fact, he was, all of these things, so do you think we will see accountability. What struck me about the comment from ag barr is we are not that we are not going to look at obama or joe biden, we will look for criminality somewhere else i worked with john durham on another investigation that was involving leaked of classified investigation. I know that he will be thorough and i know that there are targets of this investigation. Attorney general said that yesterday and i really i think, you know, theres a whole laws that appeared to have been violated. All you have to do is look at the mike flynn prosecution. Its another clear example of the lawless culture at the Obama Department of justice and this is where, you know, i think not only mistakes were made and poor judgment was exhibited but theres a possibility that folks would be held accountable for that exercise of really above the law behavior. Maria yeah, President Trump reacted to barrs statement saying hes going to relinquish control and not going to get involved. This is what he said yesterday. I have absolutely no doubt that obama and biden were involved. It was a takedown of a president regardless of me. It happened to be me. I will let the attorney general make all the decisions. Ive stayed out of it because its the appropriate thing to do. Maria dagen mcdowell, jump in. Dagen i wanted to add one thing to the discussion, maria, the most important thing that bill barr said was this, the Law Enforcement and intelligence apparatus of this country were involved in advancing a false and utterly baseless russian collusion narrative against the president and the media much of it part of pushing disinformation and the fable to take down a president. Maria yeah. Thats right. And it was as simple as one Political Campaign wanting to take another Political Campaign. Hillary clinton paid for the dossier. The fbi used the dossier and ran with it and used it to wiretap Campaign People and tried to entrap them. That story yesterday, matt, yesterday we had kt mcfarland and i was so struck by it, what happened to her is exactly what happened to general flynn is just she wouldnt talk to them without a lawyer so they didnt entrap her the way they did general flynn but they tried and the president told me last week when i interviewed him we will hear more. I thought i knew all the details of the story in covering 3 years, he said theres more coming in terms of the entrapment, matt, final word to you. Matt final word that theres no doubt to take down a president and undo the election of 2016. I outlined all of this in a new book that is coming out today and it really is a sad chapter in american history. We need to make sure this never happens again. Maria all right, i agree with you, we will see, we will check out the book, Matt Whitaker above the law, thank you so much, congrats on the book. We will take a break, when we come back, Tropical Storm coming arthur. A tripledigit loss at the open despite almost 1,000 point gain yesterday, whats driving markets this morning . We have it for you when we come right back. Maria welcome back, new restrictions, nasdaq reportedly to unveil new rules on initial Public Offerings to make it harder for companies to list in the Stock Exchange. During my exclusive interview with President Trump last week i asked him for tougher rules for Chinese Companies listed. Would you force Chinese Companies have to follow accounting rules . We are looking at it very strongly. You know its run by the obama appointments and we said you have to do and we will find out whether they will do it very soon and if they are not, we will replace them very quickly. We are looking at your second part of your question, we are looking at that maria a lot of activity on china and the Capital Markets in the United States. New report says nasdaq will require companies from some companies to raise 25 million in initial offering, mattie, this does not speak to the issue that they are not following u. S. Accounting rules but making it harder or putting in more rules for ipos from china. Mattie thats right, maria, its not a whole sail blocking of Companies Participating in the nasdaq. What it is requirement of capital for companies that want to ipo and the reason its going to hit Chinese Companies is because a lot of Chinese Companies want to come to the United States, use the Capital Markets in order to increase the value of their business and then cash out because they cant do that in china because of the rules and regulations that are there. Now, remember, theres a twoway street here, we have a Huge Consumer base in china, 1. 4 billion people, american Companies Want to participate in their market but there needs to be as you said with the president accountability and transparency to make sure that our companies arent paying price for the commerce. Maria yeah, we just saw a huge selloff and a company suspended from the nasdaq because of this very issue. Do we have a chart of that . A company that was trying to be be the starbucks of china and people did not understand the accounting and here we had the company plummeting, losing all of its value and, of course, it has been suspended. We will take a short break, when we come back, the new face of travel how airlines are updating new safety protocols. We will be right back. Stay with us can my side be firm . And my side super soft . Yes. With the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. Can it help me fall asleep faster . Yes. By gently warming your feet. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both comfortable. So, you can really promise better sleep . Not promise. Prove. During the memorial day sale, save 1,000 on the sleep number 360 special Edition Smart bed, now only 1,799. Only for a limited time. To learn more, go to sleepnumber. Com show me what youre made of. 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