Yesterday. Features today, the picture not much better. 108. 5 sans the dow futures. Again, even your bond market signaling Slower Growth ahead. They talk about an agenda and jeopardy down in d. C. Global Market Action you can see across the board in europe. Ftse 100 in england the biggest losers they are. Asia overnight declines across e board. Shanghai in custody in south korea. Communicate down more than 1 . In the meantime, an Emergency Landing in washington. Passengers warned to brace for impact upon landing at after the plane had occurred. Cisco announcing more layoffs over 1000 jobs will be unpacked it. Companies warning of another decline in revenue. Walmart will be a key factor watch today. First Quarter Results over the opening bell comes amid a record in season for retailers so far. Shockey is. Chris cornell, the front man for soundgarden and audio slave dead at the age of 52. Shocking death comes hours after cornell was performing in detroit. So much going to cover this morning. We will honor Chris Cornell of a terrific position you must. Should an hour long, fox news correspondent bak braille. Pwc part or Mitch Rochelle. But the selloff yesterday an overreaction . A very well could be. I dont think it was an overreaction showing the build and build at the agenda was starting to slide. Once the news broke people started selling. No one wanted to be first to get out of the market. Many reasons to leave the markets out of washington. The tax refund is no effect. It is still the safesways to invest on the planet. Still other cash on the globe. Will he bounce back today now that weve seen special counsel appointed to look into this probe. Trade to what that quiet the concerns or will it be a black cloud hanging over the term presidency for almost four years that thats one of the central questions we are digging into this morning. Coming up, ron desantis cant talk about the Health Care Reform bill tax reform. The mood in d. C. From our breaking campaign of his hair, one of my favorite people walking on earth, ted rowlands is here. Rafferty Capital Markets and senator Richard Shelby from the fine state of alabama. You dont want to miss any of those gentlemen. Our top story right here right now could do justice pronouncing the appointment of Robert Mueller is a special counsel to oversee the federal investigation into russias alleged interference in the 2016 president ial election. Senior doj officials telling us is that the white house was informed after the order had been signed. President trump in response. As ive stated many times to make their investigation confirm what we are developed. Theres no collusion between my campaign in any foreign entity. I look forward to this matter coluded quickly. The markets reacting to the turmoil out of washington this week. The dow and s p 500 with their worst percentage drop since last summer. Lawmakers react to the announcement. Watch this. I think its good news, but also helps expedite the process because the good folks at the fbi to midcareer folks have been leading this investigation. A lot of work to do to my concern is someone to be selected to push this to announce an individual. They are feeling political heat and maybe a little too Much Television and reading too many newspapers and what not. I have not seen any evidence of actual pollution. Where is the actual crime they think they need a special prosecutor to prosecute . Dagen joined minnesotas fbi assistant director james koster on. What do you make of the mueller announced that . Is he the man for the job . Good morning. You know, this is sort of a doubleedged sword. He spent most of his life in the Justice Department. He is very capable. The question is, is this going to drag on for a year or two years . These things have a way of never ever read me. That would be the attic in my view. On the other side, the republicans did so in a to actually get together and deal with the realities here. You know, i dont have freely inside knowledge, but this isnt even a criminal investigation. This is a foreign counterintelligence investigation. Collusion isnt actually a crime. You can collude we all collude from time to time. We could collude about a crime, but we are way of a firm that. What would the crime actually be and who would be involved . Its amazing to me that this is the talk of the town. The colonists are they doing a good job. But what about the thousands of people that were apparently unmasked, you know, the boss that Fourth Amendment rights. What about the leaks . What is going on with these other investigations from my point of view much, much more. The unmasking could be one of the biggest scandals ever in the United States. Dagen to that point though, a special counsel, Robert Mueller bypass, this is very the question, would have a fairly broad purview to look into potentially these things youre talking about, and the unmasking, the leaking. Could that be folded into the investigation of that question are yes, it could. It doesnt say that specifically, but certainly the language gives him the leeway to go there. The only point im making there, does you need to be investigated. They are 100 times more important than whether or not the russians colluded anyway. All these administrations that, though, talk to groups, whether or not any of that pollution is a crime to send me the democrat want to talk about for the next four years. This is probably a good thing, but hes got to get it done in a timely fashion. Dagen . Remains to be seen because these investigations, the act of the special counsel can go on for years and years. I think it was seven years in the irancontra affair. Something you said republicans are enough to the realities here. What could the republicans have done assistant director to prevent the appointment of special account though . What are republicans are doing . Well, they just dont stick together number one. On anything. Theres so many rhinos there that theres actually not a republican party. Theres like three different parties. So they just add to the confusion. They gave news stories and other things to the corrupt media just to keep this crescendo of this fifth column going here in this country. They certainly dont stand in defense has united group on a lot of this nonsense being talked about. And i am not prejudging the role russia played them about my personal view is that he saw not since pretty much. But it is their nonsense and the name they hold onto because they had such a horrible candidate and they want to just grind it into the public spring for the next couple of years. Just the stuff that comes out. Just like john mccain said as he says. Just pathetic. Dagen he compared a think one of the close was he compared this to watergate. You know, obama came out publicly on numerous occasions during the hurriedly planted socalled investigation and said she hasnt done anything wrong. He made statements that were far more the ability of what you could say what action of justice and they did it on numerous occasions. Dagen jim, i want to point out john mccain and reference to Jim Chaffetz Comey the fbi director when he talked to President Trump that john mccain said trump struggles have reached watergate sized scale was one of the closer yesterday. To that point, i want to ask you the developing story about who his replacement will be. Armor connecticut senator Joe Lieberman is among the candidates to replace this fbi director. President trump met with the senator yesterday among the three possible other replacements. Assistant director tom straub, senator lieberman has no experience as an fbi agent. Al gores running mate, hello. When you make of him being considered for the job . I know joe personally. Hes a very, very good guy if you can believe that. But no, he shouldnt be the fbi terror. They need to find somebody that has some integrity. A lot of experience in investigations is somebody that can communicate with the public in the public and the agents and motivate people to do their best can be bright eyed, bushy tail every day. The fbi is here to protect the American People, that some political person or political party. Theres so much stuff left off the table the last year. Nothing was done with the irs when they violated the rights of so many thousands of people. The big guys the thing was solid in my view under the rug as the weapons going tonight to end a whole host of other things that the fbi to her quest to figure out the jurisdictions he has or she has can do that job could not be deterred by political people. If you are deterred and that was a big mistake when they pass that hot potato over in the clinton investigation with the note saying you cant call this a crinal investigation. By the way come you cant have a grand jury. That is a mueller should have stood up and resigned if he chose to dance with the devil and he paid the price. Trey g thank you am assistant air. James kallstrom, former assistant director of the yard. We will see you soon. A scare in the air. A jetblue flight makes Emergency Landing after striking a guard. Details on that landing coming out. The station Chris Cornell, lead singer of soundgarden and audio slave died at the age of 52. Details on this and expect to death straight ahead. Their experience is coveted. Their leadership is instinctive. Theyre experts in things you havent heard of. Researchers of technologies that one day you will. Some call them the best of the best. Some call them veterans. We call them our team. Dagen frightening moment for passengers on board a jetblue rightparen Dulles International airport. Cheryl casone has details on that. Goodnight jetblue flight 18 away from for jfk airport hit by a bird strike on takeoff last night. Forcing the crew to turn running Emergency Landing. The strike causing a fuel leak and emergency crews had to apply foam to contain the spill. The passengers all were taken off the plane. No injuries were reported in the incident. Of course an investigation underway. More jobs are being cut at cisco systems. It is going to lay off another 1100 workers as it accelerates efforts to transform itself into a Software Focus company is this going on skype this going as 5000 job cuts in august of 2016. The company also did issue a disappointing revenue forecast for the Current Quarter that stock sharply lower than 7. 5 right now. We will see how cisco opens. Investors will get a look at numbers from walmart this morning. Its going to cut hundreds of corporate dogs in this International Technology businesses along the sams Club Warehouse chain. Walmart of dow component up with an 8 so far this year. Definitely a stop to watch when the rketen. Analysts looking for the chinese retailer to report a jump in fourthquarter revenue from a year ago. Shares higher, more than 2 in the premarket ou. Some sad news in the music world rocker Chris Cornell has died. Black holes find what wash away the rain. Reporter Chris Cornell is the man for soundgarden, a popular grunge band in the 90s. They won two grammys, more recently the lead singer of the band audio slave. He passed away suddenly and i mix it to be in detroit last night but he was out on tour. His family is working with the medical examiner to determine the cause of death. He was just 52 years old. Those are your headlines. Back to you. Dagen violence erupted in venezuela. Tensions over Food Shortages and soaring inflation triggering concerns from the international community. A notable milestone for facebook is celebrating its at birthday going public. How that company has changed. Next. I am totally blind. I lost my sight in afghanistan. If youre totally blind, you may also be struggling with non24. Calling 8448442424. Or visit my24info. Com. Think has exposure to energyfund infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp with this level of intelligence. Its a supercomputer. With this grade of protection. Its a fortress. And with this standard of luxury. Its an oasis. The 2017 eclass. Its everything you need it to be. And more. Lease the e300 for 569 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Dagen markets reeling over concerns about the Program Economic agenda done in washington. Lets not happen in washington could investors on edge as controversies from the white house to strengthen the president agenda to cut taxes, reform the tax code, Reform Health care and obamacare. Futures point with another day of decline. Joining us now is wall street journal Global Economics editor, looking at the big losers yesterday, just in the dow 30. Goldman sachs accounted for over one fifth of the decline in the dow. A lot of financials in a lot of financials are there certain date. Prior to the regulatory agenda is easy enough on bank rules. You know, the stock market declines yesterday were pretty scary. I should say weve been due for a little bit of volatility. We were talking a or so ago about the lowlevel of the market here is a very stable but you. I dont think its time to panic about the market. Still over 20,000 on the dow. Growth is picking up, Interest Rates are low. Pretty good fundamentalist side from all the noise in washington, which everyone you see them every day. Some pretty decent fundamentals Holding Stocks of right now. He said confidence is strong and growth looks like it there. However, as the bond mt started to signal that theres concerns about growth in the near term . I think what happens in the bond market is that people become uncertain, they go into treasuries. That is what is going on right now. They go into treasuries, bosnia coming down today. The numbers we are seeing for road for the Second Quarter near 4 secondquarter growth, we had a strong First Quarter saw earnings. I dont think this is a panic moment. The stock market has invested a lot in the idea that corporate taxes will be cut substantially. The president s tax agenda was difficult. It is going to be difficult to pass without all this noise about fbi. Its become more difficult. Thats definitely a problem. Theres more than this tax story. John, its heather. You mention the forecast for gdp, 4 projected for secondquarter growth. How are we going to get there . Our auto sales going to kick higher . First quarter of seven tenths of 1 . During the night. You put your finger on it. We had a weak First Quarter and now we get some bounce back in the Second Quarter. What it means is they come out with Overall Economic growth this year, say around 2 , maybe a little bit about that. A lot of it is to bounce back from a weak wier consumers seem to be doing all day. We donteally have a lot of fundamental weaknesses we see in the economy right now. Yesterday was the first salvo for thought as to results of the epson announces president job has been on the day. You expect this to be longerterm volatility and what effect do you expect the appointment of bob miller a special counselor to have . Well, it is going to keep the story alive for a long time, possibly years is the big question right now but the president is whether he and republicans get themselves focused back on the economic agenda. They have a very, very narrow window to work with. They have to get the Health Care Measure passed in the next few weeks or months and then move on to texas by the end of the year. If they dont get all this time before the end of the year, we are moving into a new election cycle and it becomes even harder to move. We could get volatility. Like i said earlier, the fix has been very calm lately. Until yesterday. Im no pushback against i think some of those republicans in washington, senate house dont want to do anything. They dont want to own and obamacare overhaul. They dont want to get down to brass tacks and trained half of the tax code. This gives them cover for doing bug case. Well, that is the right word because there are a lot of challenges. Take a look at tax reform. The house wants to do this board do this border adjustment to share. The senate has no interest in doing it. The president is reluctant to do it. They are also talking about eliminating deductibility of interest on taxes that raises a lot of money, but that is something the agriculture Real Estate Industries are very much against. Theres hard choices they have to make to live up to the promises theyve made. It wasnt going to be easy without these distractions and it certainly not any easier now. Trade to chong, real quick. Major milestone for facebook to five years since ipo is rough start. It got off several weeks after the ipo, has soared more than 200 over the last five years. After me now, faced with is killing it. Thats all there is to it. Anyone who doubted when they had ipo five years ago has been proven wrong. Profits at 76 in the First Quarter. Then google together are taking 99 of online ad growth. 2 billion more than the population of china, 2 billion monthly users. They are doing great. All this talk about vagueness of thproblems ive had with video biing right through it. Part of our lives right now. You cant deny it. Trade to an instant ground on, they perf