Achieve full type over. Who is John Flannery and herlihy remake one of the biggest industrial giants. The story coming out. Train to a dire new word and with the power grid. If boller has been discovered that can attack rates around the globe. Well tell you about the Malicious Software. Lauren Kevin Durrant lays the Golden State Warriors to claim the nba championship with a victory over lebron james and the Cleveland Cavaliers. All of those highlights for you. Train to either 1 00 a. M. In new york. Tuesday, june 13th. Welcome to fbn am, your first look at morning markets and breaking news. Lauren does breaking news this morning. Attorney general Jeff Sessions to testify in public before the Intelligence Committee today, just days after james comeys testimony before the same committee. White House Press Secretary sean spacey says he is no issue testifying in a public setting. The president has been clear plastic in the rose garden that he believes the sooner we can get this addressed that theres been no collusion, he wants this to get investigated as soon as possible so he can continue with the American People. Lauren fox business will carry the hearing at 2 30 p. M. Eastern time. Cheryl meanwhile, the secret service doesnt have any recordings or transcripts of any tapes recorded in president Trumps White House bid the agency made the disclosure in a freedom of information request after the president raised the possibility. He made that assumption on twitter. Lauren President Trump will visit wisconsin this afternoon to push a key part of his agenda. The president praised it this day program that provides apprenticeship in Industries LikeAgriculture Committee manufacturing and instruction. Establishing such programs back in 1911 the president will be accompanied by his daughter ivanka and a trip to a Technical College and attend Workforce Development roundtable discussion. The president will meet with obamacare of victims as he gets his health care through. Traded to the president in his treasury secretary ive been in the countrys financial regulations. Treasury secretary Stephen Mnuchin unveiling a major pain to change regulations put in place after the 2008 financial crisis. The report is suggesting more than 100 changes scrapping or softening rules for banks and other financial firms. A lot of them will work on with the regulators. Close to 70 or 80 are regulatory fixes. 20 or 30 require regulatory issues. We were primarily focused on what are the things we can do to unlock burdensome regulations and overlapping regulation and work with regulators. Trying to remember a Campaign Promise to a shop storage of repealing of the dog training club. He will be on mondays at may 7 00 a. M. Eastern time today discussing this in nonfinancial tea regulation. Big interview. Dont miss it. Lauren James Madison and the alarm in north Korea NuclearWeapons Program a clear and present danger to all. Speaking for the House Armed Services committee and the pentagon Budget Priorities warning about potential losses if fighting broke out north korea. It would be a war like nothing weve seen since 1953. We would have to deal with at whatever level of force is necessary. It would be a very, very serious lawyer. Lauren meanwhile, after the done thing, took up former nba star Dennis Rodman visited north korea again. He has arrived in pyongyang, expected to spend four nights there. One of the few americans to admit north Korean Leader kim jong un and drank champagne within. Lauren ceo General Electric pass the torch yesterday. Who is the successor John Flannery . Cheryl good morning, tracey. Of money, lauren and cheryl. He passed the reins to John Flannery. The 55 began his career. Since then you saw the number of different roles in seven cities on three continents. Most recently ceo of g be health care. Notably headed the senate teen billion dollars acquisition of the power business that the biggest Industrial Acquisition of ges history. According to the company he increased organic revenue by 5 . Digital platforms and solutions, Life Sciences and cell therapy. During the announcement he said he is eager to take on his new job. I have extreme confidence in where we are going to gpu will be an Incredible Company for another 125 years. Reporter ge shares up within 10 . The new position is effective august 1st and is chairman january 1, 2018. Cheryl lauren im quite sure sarah. Their competitors for the most part in the dow up sharply. Cheryl hes got a big job ahead of it. They really suffered during the financial crisis. We wish him well. Speaking americas criminal whats happening with Global Market action overnight. Asian stocks mixed a little bit. Stopped as the nikkei is down a fraction. All trading higher 1 for each of those. In europe and london, ftse 100 up by 15 points. Theresa may talking with the Northern Ireland party to try to form a majority in parliament. The cac f. 23 points. The exit 68. Lauren different story today from what we have friday and yesterday. Are they going to set the losing streak. Delhi every 30 points. S p and the nasdaq closely today up 13 and change peer to feel real good. Tried to oil up 18 cents. Gold giving up five bucks to 12. 63 amounts. Dream to let stay with Technology Stocks. Lets bring in paul teacher can a ceo Investment Officer at fairfax Global Markets. We see the nasdaq higher this morning. Analysts keep same Technology Stocks are overvalued. Do you agree with that . Sound Technology Stocks are overvalued. You have to understand that five stocks, apple, amazon, facebook, microsoft and google have made a basically 40 of their performance to date of the s p 500 and 55 of the nasdaq. These stocks have very, very high pes. Summer of two or three times the average price ranging on trade earnings ratio. If you take up the stats for the rest of the 495 stocks in the s p 500 and the nasdaq are pretty well valued in terms of forward p. E. Lauren paul, you think which are talking about, we began to talk about callbacks. The point yesterday was a 10 drop from a recent high. The tech stocks in the s p 500, 400 of their market territory. Re expect dean to correction . Where do we go . I actually think we are seeing a sector rotation and much of the reason is we are going to get Corporate Tax reform if not this year, early next year. Is going to go to stocks that actually have most of their earnings here in the United States. If you think about it, most tech stocks pay very, very low marginal tax rates because earnings come outside the United States. Microsoft and apple have two to 5 marginal tax rate than the average s p company is around 25 . Lets be real here. What is the biggest fear right now . I live in washington d. C. If you talk to most people, they do not believe we are going to get individual tax reform because you have elizabeth and bernie sanders. They wont get 60 votes for individual tax reform. Corporate tax reform, most democrats believe marginal tax rates, the highest of any developed country in the world is causing job loss and they are going to go for it and i believe thats going to go through. Those companies that have all the earnings of the United States will go from 35 to 15 or 20 . Im so sorry were out of time. What would make the entire equation work. Thank you very much. Lauren coming up, attorney general Jeff Sessions to answer questions about the russia investigation and hopes to put the russia investigation behind him. He wants this to get investigated as soon as possible and be done with this weekend continued the American People. Lauren for afraid of commitment, try before you buy. How about renting the flatscreen tv before you spend a couple hundred bucks on it. In the markets, the nasdaq after two intense days of selling. Dow futures up 33 pc a new record for the dow. You are watching fbn am, ariana your first look at morning markets and breaking news. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. Lauren good morning. 5 15 a. M. In new york. Lets get you caught up on whats happening right now. An audio message coming from the spokesman for an Islamic State to launch u. S. , europe, russia comest red, iran in the philippines during the islamic holy month of ramadan. It began in late may and goes to the end of this month. The authenticity could not be independently verified. Best buy is going to try a new program intended to cut down on returns offering customers the opportunity to rent a device before buying that product. Customers will be directed to another website i spacebar and read to complete their transaction and they will get 20 off the rental price if they decide to buy the item. Dont think amazon offers Something Like that. Whose top of the forbes list at the highest paid entertainers for 2017 . Sean combs, did he with 133 million todd beyonce with 105 million. Dow futures are up by 34 points. S p up by five. Nasdaq up fort team. The fed began its twoday meeting on Interest Rates today. Forget Producer Prices and Small Business up in the sun. Train to welcome the busier market, but a lot more happening in washington today. This time from attorney general Jeff Sessions. The lawmaker looking for answers on his relationship with russia and what exactly he know about former fbi director james comeys interactions with the president. The hill contributor kristen tate gave good morning to all of you. Why he decided to testify on the record and tabulate. Does he want to set the record straight and is a for him. I think the best way attorney general sessions albeit risky he sees it as a way to definitively get on the record under oath and say whatever he can to set the record straight in with lowered. It certainly is risky. Hes going to be under the hot right so to speak. His former Senate Colleagues will ask a lot of questions about why he left james comey in the room with the president of the United States. Why he did or did not disclose additional meeting at the Mayflower Hotel with ambassador case back from russia. The big thing we need to look for is whether attorney general sessions and accessibility to basically have executive privilege on his conversations with the president of united state. Lauren those are good points, capri, and good points they can ask of the attorney general. Missy, i want to ask you, as a witness, is that a dangerous position to be in. Is there the opportunity to have closeddoor hearing after this . Do you expect that to happen . Absolutely. Thats an important shield. Its absolutely critical of the president has the ability to have conversations with highlevel government officials about this becoming public information. If the executive privilege is a vote, its broadened to encompass a lot of the questions they might here today. What would happen if there was some indication that was improperly imposed, there may be a closed session to address issues that arent improperly in the public eye. Lauren invariably buffalo state today say today is densely packing sessions created a difficult confirmation from his former colleagues, former senators here but do anticipate today and how should the press handled the attacks he will suffer . He calls for this to be enough in testimony to i dont think he will hear anything too shocking. He wants to set the record straight so he can move on. The big question will be about as sound contacts with russian officials during the 2016th president ial campaign. He wants to set the record straight. He had meetings at the Russian Ambassador and his capacity as u. S. Senator on the Armed Services committee and multiple senators including ted cruz said cubin said this is standard procedure. This happens all the time. Sessions once to set the record straight. The American People know this is about the democrats pushing a certain narrative for political purposes. They been doing this since the beginning. The investigation is supposed to be about russian interference in the 2016 campaign. Other democrats care about is collusion between the trunk campaign and russia. People holiday which had. A couple seconds left. How will anything session state different from what jen comey said yesterday. That the big question. They are compared and contrasted and the real question as soon as the American Public to believe . We believe in governing by narrative, speculation and we are really going to be whether or not the American Public in the United States senate believes the narrative of attorney general sessions or jim comey and how the two things match up for shape the future narrative. Theres a whole agenda going on like repealing godfrey that happened last week. Cheryl likely you are all coming the show. Thank you. We will see you a little bit. Cheryl kevin durant sees the nba warriors to claim the championship. I work hard, let the game come respect again and i knew at some point in my life that, you know, that it will come around. Cheryl they are the champions. Golden state warriors beat the cavaliers 129 last night to back up the nba finals. To resist checking championship in three seasons for golden state led by kevin durand to a 39 points, seven rebounds, five assists. South korea 34 points, 10 assists and six rebounds. Sheet says. Curry said it was a very special win. The last three minutes was a blur of pure emotion and energy. You can feel it. For us to do it in front of our home crowd, something i remember for some time. Golden state is one of the postseason runs in the history of the league going 161 through the playoff. Lauren congratulations to them. Extremely continuing for the eastern third of the country. More record highs today. Cheryl genistein of the Fox Weather Center with her center with your tuesday forecast. Good morning, sunshine. Reporter hi, ladies coming yesterdays hot today. Went to point out current temperatures can see where its cold enough for snow across the rockies in this region across the west. The air masses bring potential for Severe Weather across the high plains. The heat is the big story across the eastern seaboard where we said dozens of records yesterday. Today the forecast heat index close to 100 degrees for millions of people here. People are advised to stay inside, check on the elderly, the small kids can bring their pets indoors because we are going to flirt with record heat again today. Some are a little bit of a break. Hot stuff, but there is relief on the way. Cheryl im glad jamaica and the point about the dangerous conditions. We have to be very careful today. Lauren u. S. Attorney general Jeff Sessions had to capitol hill to answer questions about contacts with russia and his role in the filing of the former fbi. A new mount workload hasnt found is capable of knocking out power grids around the world. Well tell you about the sophisticated and highly dangerous supper program. Stay with us. You are watching fbn am. Danny trejo let me tell you about the toughest guy on earth. He does the work of two jobs, but only gets paid for one. Hes tough enough to feed the man that gave him a lifetime of nourishment. He has the crazy strength to lift the man that raised him up, without even flinching. Thats right. No employee of the month bonus check here. This guyno, this warrior will always be by his fathers side, even if his dad will hardly remember. Good luck finding a gym to train for that. If this guy isnt the toughest guy on the planet, then i dont know who is caregiving is tougher than tough. Find the care guides you need at aarp. Org caregiving lauren breaking news this morning. U. S. Attorney general Jeff Sessions at the d. Face tough face tough questions with russian officials in the role he plays inspired fbi director james company. Good morning. I am lauren simonetti. Cheryl good morning. Im cheryl casone. President trump finishes his new apprentice and jobs program. True through the taxol of the continued friday into yesterday. It could be a difference right today. Nasdaq futures up 10 points, nasdaq 26. Cheryl so much fun in the morning. Its great. Ge ceo is out. He broke that news on fox business. The health care to take over the top job. Who is John Flannery and how is he going to remake one of the worlds biggest industrial giants . A closer look at that. Lauren new warnings about an