A rough start to the summer box office. But the movie industry is banking on a fish to put fans in this weekend. Plus a bad night for a south korean company. Not only did they get routed pedicabs forcing game seven, the twotime nba mvp was ejected for the first time in his career. The shocking move. Market this morning look like a shot overnight. All the major market averages rebounded from a volatile week lows in the grand prix to make average of better than 1 . Stocks are sharply higher this morning. They can start thinking of rally. Up one and a quarter as the dax up one and a quarter . The u. S. At this situation so far. Right now it looks like a lower opening this morning but of course we are early on and check and a member named bill impact stocks. Dow industrials to open number 13 points. Fox Business Networks dagen mcdowell. Jack otter at republican pollster of the carter. Good morning, everybody. Good to see you. Thanks for being here. We want to kick it off right now with politics. Bernie sanders via lifestream last night the vermont senator refusing to concede his bid for the president ial nomination. He is instead going to take his campaign to the National Convention in july. Vendors looking for is the general election addressing the broader goal of keeping donald trump out of the white house. The nature of Political Task that together we face in the next five is to make certain that donald trump is defeated and defeated badly. I personally intend to begin my roadmap process in a very short period of time. Can you believe this guy doesnt give up. Youve got to give him credit. He doesnt give out. We could have used a guy like that four years ago they didnt give up. But not of that great . Maria joining me now is Boris Epstein on one with democracy for America Communications dirt hill struck out. Thank you for joining us. One thing Bernie Sanders did say is make sure and keep donald trump out of the white house and i will try doing that in the next couple days. I will begin not in the next couple days. Did you read that as i will step down in the next couple days . What we read there was the Political Revolution across the country is ready and willing and going to be training a donald trump in this election. Given the run for the money to Bernie Sanders campaign has given Hillary Clinton, donald trump should be here. Maria you are sanders supporter. Do you think Bernie Sanders is going what do you think happened here . He needs to take this all the way to the convention. Millions of people have rallied around his message. I think with them, the fight that Bernie Sanders has raised is only going to make the democratic nominee stronger. He brought millions of people into this fight and into this fight against donald trump. His donald trump ready for this . Of course hes ready for it. I was a wonderful dance he wonderful dance suggested talking about how Bernie Sanders is going to. But now focusing on donald trump. Revolutions are not like missiles. You dont point them at somebody and they keep going. Thats not how it works. Donald trump is someone who is a movement of his own. Bernie sanders has done very well in the democratic primary because Hillary Clinton is such a weak candidate in Bernie Sanders has been appealing to dependence who are so disenfranchised. Someone whos been around for 40 years is pretty nothing fresh to the table. Paid by wall street. All the thing Bernie Sanders has been talking about for months and now well forget all of them. With Hillary Clinton is just not going to work and its going to turn off the support for Bernie Sanders. And the get behind donald trump. Bernie sanders and his supporters have been training their sights on the campaign of bigotry and hate. He brought up speeches to goldman sachs. He brought up her the trading affects on donald trump has been a very tough primary. Be truthful. Youre right. Its been a difficult primary. We are going to bring the primary together. That Bernie Sanders campaign is ready and willing to take on donald trump in the fall. Hes getting out of the race in his own time. Is a Bernie Sanders supporter, do you want to see him run as the running mate . Whether Bernie Sanders or someone else, the populist Progressive Agenda needs to be a very important part of the campaign and we need a candidate in the vp spot. Maria thats why hes still in the r dagen Bernie Sanders hasnt been vetted, but Elizabeth Warren is. The thinking is to pick somebody far to the left who can hang onto Bernie Sanders supporters. She needs young beau, independents and firsttime voters and that she could move to the middle little bit more. I dont know how youve advocated expanding Social Security and expanding medicare. Shes even against a liability, getting rid of the liability waiver for gun manufacturers. Shes gone far to the left. Shes pulled her there and then very negative and continuing to do so. The Democrat Convention will only leave maybe three and a half months of the general election has been the only nominee for the Democratic Party. I think Bernie Sanders will be at the convention in philadelphia. The question for me is whether anyone has her donald trump will be at the convention for republicans. We have one candidate. They do not want to be associated with a campaign of bigotry and hate. Again, your party still has maria szymanski. Donald trump told in this rally in dallas, texas. Trump is helping to whenever ted cruz supporters now who has of course help the texas senator win the primary back in march. What does trump need to do to bring these people together and make sure to win texas . Well, its talking about the economy, National SecurityForeign Policy. Maria can he do it . Of course he can do it. Its been a year and a day since he announced he is a politician running for president. He seen him do absolutely amazing things. Strong candidates for the republican primary nomination. He is somebody who can absolutely focus and bring the message of the economy. The last two weeks have been horrible. Maria hes had a tough couple of weeks. How does the bounce back . Do we acknowledge he is not done well . You are seeing challenges in the polls. We talk about it in the green room. Absolutely no doubt. Dagen he fixated on is false. Anyone who would get up and say let me redo my polls. For what turned him around as he looks at the polls and a bug said and he knows that he needs to tighten up his game and focus. Maria will see if you can do it. Hes not going to start doing it now. With the policies that permit it is bad. I dont know how you bounce back. I was concerned about this guy, but now hes really gone off the rails. Maria he focuses on the issues. When i said can he do it, he meant it. He absolutely cant. Not that he is the nominee we will have the convention. He is the star of the convention all about what he brings to the American People, which is something new and fresh in a message Hillary Clinton could not ask for. Lets not forget all the issue she has. Maria real quick, jeff. Some of the things that animated the sanders campaigned have also if youre pretty supporter you put in goldman sachs. But if bernie drops out, could some of those people take concerns have become Trump Supporters . You will only find a few not to think its a good idea. Someone who votes for donald trump is a nut. A bigot that has no business in the public dialogue right now. You will find a few Bernie Sanders supporters that my support donald trump, but the vast overwhelming 99 want nothing to do with donald trump. He just called her 2 Million People nuts. Maria well, people have underestimated this movement before. Probably dont want to do it again. Boris epstein, thank you so much. We will take a short break. A lot to look at this morning. The latest attempt to curb peoples appetite for the sugary drink next are the latest movie from pixar this weekend. Finding dori. Well let lead up to the success of its predecessor, finding nemo. We will be right back. Its not where the largest solar gigafactory in the western hemisphere will soon energize the world. And in syracuse, where imagination is in production. Let us help grow your companys tomorrow today at business. Ny. Gov maria welcome back at the lawmaker has a country on high alert. Here at the latest details on what we know. 41yearold jo cox, a member of the British Parliament will be shot dead yesterday find it shot across britain and causing the suspension of campaigning for next weeks referendum on the e. U. Membership. Cox was a vocal advocate for britain remaining in the European Union or the alleged killer is a 52yearold man has been arrested. Its not clear what his motive was, but at this time there are reports saying he was a supporter of white supremacist organizations. British Prime MinisterDavid Camerons in the killing of the mother of two was a tragedy. We have lost a great story. She was an mp, great campaigning mp to teach compassion, with a huge heart. People will be very side of what is happening. Drug abuse. Its rare we are suspending activity in this referendum and everyones thoughts will be with joe santos and constituents. To the latest on their land or terror attack. Omar mateen reportedly took breaks between killing victims at the pulse nightclub to text his wife and see if the shooting was trending on facebook. According to a reported by cnn. His wife is the focus of a federal investigation that could lead to coconspirator murder charges which could potentially carry the Death Penalty for her. President Obama Meeting with it is that families in orlando as well as the owners and staff of the nightclub who were working the night of the terror attack. President calls for gun control measures in congress say while the u. S. Will work to destroy a safe, its going to take more than our military and now is the time to act. If we dont act, we will keep seating more massacres like this. Because we will be choosing to allow them to happen. We will have said we dont care enough to do something about it. Dagen finally, philadelphia becoming the first major u. S. City to pass a tax on soda. It is set to go into effect january the first of 2017. The tax amounts to 1. 5 cents per ounce added an extra 18 cents to the cost of a 12ounce can. The mayor of the town expects to use the money. It is a revenue generator if you will. He will be spending it on prekindergarten education you name it. Can we talk about this being a regressive tax. People in the city harder than anybody else. Expected to be passed on to the regular folks in the city of brotherly love. Youre right. That is a tax on everybody. That is hitting a lot of people. Its going to impact the economy. Dagen in his diet soda, too. Its not targeting obesity. They are trying to raise revenue. Maria weve got to talk about this jo cox dori. Initially the reports were that she was laying on the floor in blood. Then we learned that she died, murdered. It is amazing to see what is goining on there compared to whats happening in americica as well. This is just a devastating moment. All the hate, all the anger. And its everywhere. This is just devastating for their country, for ours. Whats really going to have to not the gun control debate. This is 80 of votes saying they support a ban on support weapons. This will only add fuel to the fire. You just know it. The alleged killer and not the literature. It appears to be passed to white supremacist organization. There is a question to move to politics, but how does this impact the vote next week . Is there more likelier chance . Train to the voters on the 23rd. Dagen correct. It is more likely to stay in the European Union . The reaction of the market seems to suggest that as soon as this news came out, this horrible news, the market turned around and it may well have been that the likelihood of the u. K. Leaving the European Union went down in the eyes of the market. Maria will talk more about this. Densely weighed in on the vote. What are the ramifications of the e. U. More of the impact on your money. Stay with us. Markets are looking nowhere. We will be right back. Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. 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We always talk about how the market hates uncertainty. This is massive uncertainty. In the worstcase scenario you could see a credit freeze like we saw in the financial crisis and also as the reverberations around the globe. One of the stocks hit the hardest as Deutsche Bank because they have a huge derivatives both. You dont really know whats going to happen until it happens. The contrarian say this is a great buying opportunity. A story coming up the book said valuations of a lot of european stocks which are really low. Morgan stanley salad but you. That has been a very good time to pick up his companies. Granted the profitmaking opportunities in the coming years are not fantastic. But i think the sentiment is bad enough. For instance, cash levels in the funds are lower than theyve been since 2001. Higher now theres more cash portfolios in 2008. So theres a lot of pessimism. Dagen in no way, they didnt anticipate the bottom falling out of the market. After bear stearns, actually then, people wouldve sold everything that they didnt raise as much cash as they are now. Trade do you want to see a lot of cash because the companies have wiggle room. Lets talk about hedge funds. I thought this was an interesting story yesterday. The number of hedge funds continue to shrink last quarter. Hedge funds have a horrible performance. Now you are looking at the 2. 9 trillion Hedge Fund Industry under fire from his tuition space ill. A lot of hedge funds going over business. They say wait a second, we are paying you a 20 d 20 profits in the index fund has been crushing you every single year. This is a smart move quite frankly. A lot of hedge funds were being sold, not hot and people were able to stand and defend you cant invent that the prestige has worn off. Dagen i love institutions are being snookered the way individuals historically have by sleazy people. They are not bought or sold products if you will. That makes me feel good. Maria clients polled 15 billion of hedge funds in the first quarter. Dagen with good allocation in the road etf as it exists and how granular the World Markets have become a child the etf has faced a different investment categories. If you have good Portfolio Allocation and good analysis, you dont need to put it with a hedge funds. You can do it yourself. I would say what is happening is good managers are the ones allocating assets. They are using dts to allocate. They dont even make a good profit because it is so low cost that they can do about that way. Maria investors understand this. They understand they could mimic averages and do well. What that means is the good guys stay in business. On our top 100 hedge funds listed god citadel, these guys to do after year have shown they know how to