Stocks selling up 20 . Nicole retailers such as macys, kohls, nordstroms report today. Lauren Boston Celtics in their series against the Washington Wizards. And in their season. Well show you all the highlights. Nicole could rescind learning. 5 01 a. M. In new york. We welcome new fbn am common your first look at morning markets and breaking news. Lauren us who like to say, one more alarm clock. Fbi director james comey said in a letter to colleagues saying in part im not going to spend time on the decision for the way it was executed. I hope you wont either. It is done. I will be fine. Although this elimination deeply. House speaker palmer and reject calls for a special prosecutor. We have three investigations going on. A House Committee which is the appropriate committee to do that i believe. The Senate Intelligence committee and the fbi investigated the expression. Lauren but permanent the white house with more. President trump had considered firing james comey since the day he was a good according to the Deputy White House press secretary Huckabee Sanders who experienced an erosion of confidence in comey over the last several months. Sanders said the president made the final call tuesday to fire the former fbi erected the Deputy Attorney general Robertson Stanley cup the the case of the president that comey to the way he handled the email investigation. President trump briefly commented from the oval office. Why did you fire direct or comey . Because he wasnt doing a good job very simply. Lawmakers have expressed outrage to the firing. Chuck schumer and misleading calling for a special prosecutor to investigate russias meddling into the 2016 election. Many partly blame comey for the election must be c. Underscore and their responses to comey inspiring the purest form of hypocrisy. [inaudible] how could he have considering the fact most of the people declaring work today were the very ones that were baking for direct or comey to be fired. If Hillary Clinton had won the election, which thank god she didnt, but if she had and she had been in the same position, she wouldve fired trance immediately in the very democrats criticizing the president today would be dancing in the street celebrating. Trinity acetate and political divide means for big ticket items like tax reform. She said its one of the reasons in her words, like this one needs to be trained even a little bit further. Back to you in new york. Nicole blake burman, thank you a president trying concerning the visit to the fbi headquarters tomorrow. When asked about call misfiring, russian president Vladimir Putin said we have nothing to do with that. Putin also said it will have no affect on u. S. Russia relations. Lauren the Senate Intelligence committee has subpoenaed former White House National security adviser Michael Flynn for papers related to the investigation into brescia. Senator James Langford with Martha Mccollum monthly. What has subpoenaed a large number of documents, but ill leave that out there. With a large Document Research we pursued for him. We subpoenaed those documents and expect them to be delivered to us. Lauren acting fbi director Andrew Mccabe said to testify today at the committees annual hearing on worldwide press. Trained teacher in a small and ill activist and fundraiser, lena epstein. Also the former Trump Campaign michigan cochair. Good morning, lena. Good morning. Trying to the firing of james comey, how is this on now failing into the trump agenda . Is it a distraction . Speaks exactly the the promises then President Trump made in the campaign trail to the american people. He promised to do the right thing over the popular thing. When he came into office, comey is on the hot seat and it didnt react in a one. He wanted to watch and see and be prepared and educated on the issues. Hes made a very measured decision and i also understand an investigation will take thats important, too. Lauren he did not get one but it is considering firing comey from day one. Talking about the timing and amount the timing and amount of comments are headlines that comey stop funding for the russia probe right before his ouster. Would you make make of that timing . I understand that the timing could be in question. In the end, looking to eyes are surrounded and recommendation of someone else could restore the american faith in the fbi. About what is going on friday . Absolutely. He wants people to notice paying attention to the issues they are facing. Yesterday can mr. Huckabee sanders said they followed protocol with a handwritten letter to execute the firing, but there are reports that donald trump is upset about how the whole thing was handled. Your thoughts . To mediate us to speculate on president s reactions as of sensationalizing the president and is never truly worked for him. He is very laser focused on putting somebody new in place that can restore american pace in the fbi. Lauren the democratic reaction is pretty unbelievable. That ceasefire, they question the firing. Its very interesting and a little on their part but for many months they were calling for his resignation and now they are up in arms and pointed pointing at the president. It speaks to a certain level of hypocrisy and its important to keep an eye on it. I which you now what advice did you get to the lighthouse in handling the nomination of a new direct her . What percentage they nominate . Its a good question. I have been advising on this very issue. Its important whoever the president nominate, whoever is confirmed by the senate be somebody capable of handling a very complex situation currently. The Hillary Clinton email, russian investigation. This would take a very unique individual. President trump has proven capable of surrounding himself at the right people at the right time and effort of insula do so in this situation as well. Nicole do you want to name a name . That at this point. Nicole thank you for your time. Lauren secretary Stephen Mnuchin will hold a threeday meeting in italy. Secretary mnuchin to talk about revealing the diacritical. Fox business adam shapiro will get a live report from italy starting this afternoon. Obamacare unless support. At napoleon out of delaware and nebraska next year. The move comes after at not said it will start carrying coverage in iowa in virginia. The Company Estimates its individual plants will lose more than 200 million this year alone. Critics of obama carries a sharply higher costs are one of the reasons the Affordable Care at nice to be repealed and replaced. Shares of aetna at 15 so far this year. Lauren some insurers charging 50 more. Trump official nature trump official major and president abbas has a habit because the Upcoming Health care conference in new york. Charlie gasparino reporting adding some into the current administration. But almost a harsh critic when president. His come under fire for accepting a 400,000 speaking fee for the gate. The white house not commenting and saying whether it is considering asking a trump representative to speak. We will see when we have that. Nicole caught up in the Global Market action. The a 17 month high to the upside. That is certainly one area to watch. This is how european markets are trading at the hour. You have a onepoint decline in england with the ftse 100 in the cac in paris in dx and germany threepoint. Nicole todays super thursday at if you are. Their Economic Outlook the rate college is likely to be nothing today. Take a look at dow futures now done 19 and the s p 500 record yesterday. We also saw the nasdaq closed at a record yesterday. Yet another record. Lauren oil prices surged 10 yesterday. The administration said we mnuchin declined to supply oil. Without oil has gone up about 50 cents. Gold at 2 to 12. 21 amounts. Nicole shares this map are pledging a premarket trading down about 20 , more than 20 after the parent is that chad said its first Earnings Report showed a loss of 2. 2 billion. Most about asking from start to his compensation eloyees at ipo time. That raising comparisons to facebook and did not match up to a reported 166 million daily active users last quarter and that was an increase of 36 a year earlier by comparison facebook at three times as many users of its first report as a public company. Thats revenue was 150 million, almost four times as much as one years ago but less than analysts had disappeared that is not enough to cover snaps huge ipo expenses. Snap did go public at 21 cents per share. Lauren a new chairman and new cfo. They did announce either start by that claim. The company being pressured by an activist investor to explore a sale and speed up turnaround. Investors welcomed the news futures of whole foods up 2 in extended trading. Nicole president tumbled to defending fbi director james comey as he writes a letter to the fbi. Why did you fire james comey . He wasnt doing a good job. Very simply wasnt doing a good job. Nicole shares on the move. Snap thinking 21 . Well have reaction to baltimore. It features down 18. You are watching fbn am, your first look at morning markets and breaking news. Hit me with your bash why does she hate me your best shot fire away the lauren good morning. 5 18 a. M. In new york and former fbi director james comey incentive for a letter to be a place at the bureau. He tells them not to dwell his departure in that he will miss them. President trump spent yesterday defending his decision to fire comey saying he wasnt doing a good job. If they blow to obamacare. Aetna says in the late delaware and nebraska committed to remaining dates were also by the care coverage. Aetna says not enough young people in Healthy People are signing up to boston at the older and less healthy customers. Shares of snap getting hammered about the update balcony down 20 after posting a 2. 2 billion loss in its first Earnings Report as a public company. Most of the loss came from startbased compensation to employees at ipo time. As for the markets overall, nasdaq and s p coming off over highs. Features down to. Nasdaq features 105. Thats a check on what is happening now. Turning now to talk about the markets and earnings season, the chief Investment Officer at sandy spring bank, thank you for joining us. So with how does walmart is since our financial crisis or the latest recession you should collect. Now what . We see Slower Growth at these records. Estimate two records yesterday and s p and nasdaq. Vick said a 20 year low. Sounds great, doesnt it . The little concerned concerned because when you get the low six, complacency set in and thats never a good thing. Theres a lot of geopolitical news out there to tell you about, but nothing is affecting stocks. We need to restore a healthy fear here. The old wall of worry. We need to get the wall of worry. Trenches were, that the 1990 rate low. Lauren of your first look at morning markets and breaking news. s firing, more intense Market Reaction the beginning. At the end of the day, only the dow is down. Small caps versus large caps, is that Health Care Reform . It is more based on a dollar play. The dollar will go up to the rising dollar hurts the day cap multinationals. But that small cap for stocks related to that. Nicole file, snap small some growth wouldve is that good enough. But if they were in a they were in a Profitable Company and somehow everybody is surprised. Big news. No profit. Your thoughts, rob. What do you think . As he said, snap disappointed. First report is a publicly traded company. Nicole do you buy today . I dont think so. Number one, it seems that facebook started to incorporate cool features snap hats. Number two, this is my cultural issue. Im not sure the company is ready yet to manage shortterm expectations. Nicole . Us evidence on the call with the ceo. He looked and sounded young and inexpensive. Thats part of it. But they kept about ipo related compensation. That couldve been spread out over time. They just didnt seem to care. Snap issues faced the unique competitor and a low barrier to entry business. Number two, the whole cultural thing. Are they really ready for prime time. Lauren is snap sad . Is pretty hot for teenagers. Nicole thats expanded to did elegy. Snap had the ipo price. But are your thoughts on Technology Overall . A lot of people still love it. Out vm. I would be more so that the larger companies. Some of the larger dividend paying companies. Lauren like what quickly . Olympus 7 growth yield your disclosures. We have a deal later in the hour. Coming up, microsoft shows off an interesting piece at tech allergy. Alas that eliminates the tremors of parkinsons disease. Boston celtics take control of the Washington Wizards and in hockey that Pittsburgh Penguins plinking the washington capitals, and in a season. Well have all of the highlights. You are watching fbn am, your first look at morning markets and breaking news. The here comes the fun with seadoo. Seadoo has the most affordable watercraft on the market. Starting at just 5,299 and get 0 percent financing. Visit seadoo. Com today. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Nicole at its developer conference yesterday, microsoft unveiled a new watch, using vibration to calm the tremors of parkinsons disease. Microsoft says the libraries with a distinctive pattern to get the feed back loop between brain again. Microsoft said the watch is currently a prototype that developers are working within Earth ScienceResearch Team and trials with a small group of parkinsons sufferers. Nicole time now for sports. They can find in boston. Celtics against the wizard. The home team dominated so far, secretary term early. Coincide. Isaiah thomas for the dunk in boston at 12 p. Defense or on on their feet already. Third quarter. Everything is fine for the celtics. Its the shock by falling down. Approved the celtics win 123 123101. Takes 3too serious. The nhl playoffs 10 to 14 looking to hold off alexander and it has to have 13 straight friends brian ross onetime ride into the goal. Here it is again. You can see a bright hair. Penguins take the 10 date. The past comes to allcaps can. Making an incredible save. Penguin shot out the cats, and not take on eastern conference finals. Game seven. Dax, oilers come the second period. Ryan kessler and Andrew Cogley on no. The ducks are pumped. Third period, nick ricci returns after the games winner. For more oil or Wayne Gretzky disappointed there to watch his team go down. Dax went to1 in the western conference finals. Turning to baseball, orioles and nationals bottom of the ninth. She simmered drills his home run rate to center. That makes a one run game later. This is loaded. The walkoff tworun single to right. The nationals win 76 and the players celebrate the big combat. Coming up here right as officials defending the firing of fbi or james comey and paul ran rejecting calls for a prosecutor. We have a house investigation which is the appropriate committee to do that. And you have the fbi investigating all things fresh. Lauren acting director of the fbi heads to capitol hill today. How bad is to retail slump . Well find out for macys chemicals and or strength report their latest Quarterly Earnings coming out. Cutting off record highs in five games for the nasdaq down five points looking at futures. S p down to. Dow jones lower as well. You are watching fbn am. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Lauren breaking news this morning. James church in response to being hired as president of defense than that. The latest out of washington. Good morning. I am lauren simonetti. Nicole would affect the search for the fbi director will have much of the agenda cat cuts in Health Care Reform. U. S. Stock market futures after record closes for the nasdaq. Dow futures down across the board went 10 to 1 for the three indices. Nicole the latest sign of lawmakers collapsing. Aetna says it will pull out of the money losing market races next year. Nicole the first Earnings Report, snap disappoints and the stock sum of 20 just above the 17 ipo price. Ouch. Lauren how bad is the retail slump . Well find out when big retailers including macys chemicals unrestrained reported its results. Nicole the Boston Celtics take control of the series against the Washington Wizards and in hockey the Pittsburgh Penguins ending their season. We will have all the highlights a