Resigning following this announcement. Apple tim cook said the company is committed to fight Climate Change and we will never waiver. Climate not the only battle for the administration right now, the travel ban headed to nations highest court. White house has asked Supreme Court to overturn the Fourth Circuit appeals court. That decision to freeze the executive order, more on looming showdown coming up this morning. Futures indicating the market wills open higher. We have a pretty good tone this morning with the dow industrial expected to be up 70 points. The nasdaq up about 20 points. Wewe are waiting the may jobs report due in two and a half hours. Economists are looking for 185,000 new jobs that have been added to the economy last month with the Unemployment RateHolding Steady. In europe higher across the board. Stocks anticipates a good jobs number, in asia overnight, green across the board. Take a look at the indices in asia and japanese market. Tragedy in manila a gunman set gambling tables on fire. Latest on the attack coming up. Slipping behind rival ford, what it means for Auto Industry and can a super hero save the trouble box office, we have a preview of summers most anticipated movie wonder woman, we will tell you about it. Joining me to talk about friday morning Fox Business NetworkDagen Mcdowell and kevin kelly and coo johnny courtney. Great to see you. Great to be here. Dagen good morning, im surprise that had the hudson river wasnt on fire. [laughter] dagen the earth was still turning and we are still here because, again, the hysteria from the left is laughable. Maria incredible. Dagen Paris Climate Accord was bogus to begin with. A pledge of phoney progress that the biggest omitters didnt have to reduce till 2030. We talked about those yesterday. The most histercal reaction like over the top reaction so we can talk about that as the morning moves along. Maria we have to talk about that, are you surprise that had many ceos have pushed back on this . Kevin no, im not. Dagen its up to them. We can reduce omissions as we have been. We cut our omissions last year more than any other country in the world. Maria yeah. Dagen russia was second and they cut by less than half of what we did. Its up to the ceos. They can and have been changing the way they use energy, growing economy, helps with energy efficiency. Maria yeah. Dagen they are the answer and not the paris accord. There could have been a chance to have more of an influence. Hes talking about hes open to renegotiation. Maria he wants a new deal. Other countries are saying no. Ceos could have impact there. Maria america is at the low end of this deal. Lets get to the details of this. This is our top story. President trump saying that he is withdrawing from the u. S. From the paris climate agreement arguing that the deal is bad for American Business and workers, watch. The United States will cease implementation of the nonbinding paris accord and draconian and economic burdens the agreement imposes on our country, but begin negotiations to reenter either the paris accord or in entirely new transaction when terms that are fair to the United States, its businesses, its workers, its people, its taxpayers. We will l see if we can make a deal thats fair and if we can, thats great and if its not, thats fine. Maria within minutes issuing joint statement that the agreement could not be renegotiated certainly not unilaterally. The ceo of tesla elon musk, ceo of Disney Bob Iger both withdrew from Advisory Council saying they disagreed with the president s decision, they tweet that had out. Goldman sachs ceo used his first tweet ever to address this exit writing this, todays decision is a setback for the environment and for the u. S. As leadership position in the world. Now, i think you make a real important point, dagen. I want you to talk about it, when the countries had to make the Big Decisions in terms of paying back, in terms of making changes, youre saying the biggest emission countries like china dont have to make any changes until 2030. Dagen right, it was up to the way that there were 195 nation that is signed onto this agreement. Not a treaty, not put in front of senate floor for ratification, they volunteered their own carbon emission pledges and the pledge that president obama made for us to reduce 26 to 28 Emission Reduction by 2025. China and other developing nations, they dont even start reducing their emissions until 2030, they actually will be building more coal plans, for example, and the targets that the United States set under president obama, we never identified actually how we were going to get there through taxes and regulation and thats what it would take, but to meet those reduction targets was going to be so onerous on businesses in the country. This is one of the great lies from the left, is that when you try to reduce emissions so aggressively, you make energy the cheapest forms of energy more coastally for the poorest americans. You make the energy maria prices go up. Dagen prices go up for lowerincome americans, those are the very people who cannot afford it and thats the great thats the great truth that they never kevin the most important is jobs day, this would stifle renovation and put regulation on Small Business which leads in forefront when it comes to innovation specially on Climate Change. The big businesses, bob iger, lloyd, all those people, they are not really impacted by this. They are Big International conglomerates, theyre moving towards there and shareholders are making them do this. Maria they didnt have to make changes to private jet travel. Kevin if you thought obamacare stifle and hurt businesses, what would this do . You will get cheaper insurance, didnt happen. You can keep your doctor, didnt happen. This would have been the same thing specially for Small Businesses because they would have been regulated out of the market. Maria im stuck that china does not have to reduce emissions until 2030 and the u. S. Has to do it in 2025. I think thats why he was saying its not a fair deal. I really do believe that he will come back and try to work something out. Hes going to want to show his negotiation and try to find a way to have a better deal for the u. S. That would be a big win. Kevin im sitting here in front of you, i will actually summit to terms and condition that china and india have. Maria the other countries are saying they cant do that unilaterally. Dagen make u. S. Industry less competitive and to take a backseat and let china and other countries grow and continue to omit co2. China which is the number one co2 omitter has added and that percentage in terms of developing nations around, 62 of ceo omissions come from developing nations and that share will continue to grow despite the paris accord. By the way, they could cheat on these targets that they layed out. Maria and they will. Dagen theres no enforcement mechanism in this deal, period. Maria the president yesterday was very clear that this is an economic issue. We are on an important day today and we have the jobs number coming out in two and a half hours. 185,000 new jobs created is what is expected. We had a pretty good number from ad. There are some expectation that is we could see a number close to that today, certainly optimistic that we will see good growth again in health care and financial services, manufacturing and construction too are going to be important. Kevin the most important number that came out of the report yesterday was just shy of 200,000 jobs came from small and mediumsize business. We havent seen that. That was a telling number and makes me excited about the job. Maria this is right before the Federal Reserve decides to raise Interest Rates. Kevin the fed is focused on where the stock market is and dictated on that and they allude today in their minutes. Maria they are going raise regardless. Kevin in september it looks like its off the table. Dagen you need to separate those two and what you saw in adp report. The Small Business growth was at the low end of post election and you saw some weakness, weakening in the Small Business creation, it was in the mediumsize businesses that you saw created the most sense in 2014. If you separate those two, youve got to make that distinction between small and mediumsize business. Maria we will be bringing you live coverage and analysis of may jobs roberto. Jobs in america, 8 00 a. M. Eastern, onehour special where we try to identify specialically where the jobs are. First, though, tragedy in the philippines at least 36 people dead after a gunman stormed the casino in countrys capital. The very latest next. General motors falling behind the competition, takes off back seat to ford, what it means to the Auto Industry. Whats happening now. Back in a Minute Company says theyll only paye threequarters of what it takes to replace it. What are you supposed to do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Ostriches dont really stick vitheir heads in the sand. Ve horns on their helmets. And a real john deere is actually real affordable. You learn something new everyday. The surprisingly affordable john deere e series tractors. Maria welcome back, attack on manila resort, Cheryl Casone with the details, cheryl. Cheryl good morning, maria, this attack occurred in resort in capital when gunman allegedly shot at tv screens and set game tables on fire. The gunman was found dead in hotel due to apparent suicide according to local authorities. 36 victims of the blaze all died of blaze and suffocation. Back here at home, United Airline flight was force today return to chicago after a bird strike caused an engine fire. Flight 1738 to miami departed from ohare around 7 45 a. M. Local time. Passengers reported a burning smell and saw flames this as passenger video we are showing you. The flight did depart three hours later, different plane. A spokesperson for the airline says its reaching to customers and compensate all of them for inconvenience. A bird strike hitting the aircraft. General motors, sales are slipping. This gm announces more job cuts to michigan plant. Gm has closed plans to lay off more than 4,000 workers. The auto maker sold 1. 5 million vehicles in may, down 9 from the previous year. This also comes after ford, former ford ceo mark fields was abruptly fired last month as gm struggles to compete with Tech Companies like tesla. And finally this, maria, a sixth grader spelling the word marocain to come out on top as the scripps spelling bee winner. That is correct. Congratulations. [cheers and applause] you are the example own. Cheryl thats 12yearold from fresno, california, she received more than 40,000 in cash and prizes after spelling the french term for a dress fabric made of rib, we all know that, right . Victory First Time Since 2013 that the bee has declared one champion, the last three years it has been ties. I totally knew how to spell that word. Maria that was great to see her win that way. Cheryl you bet. Maria asking the u. S. Supreme court to revise restricted travel and details on that. Why Meal Kit Service blue apron with details on ipo. We will have details on that deal think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov we cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. This is where i trade andrs. Manage my portfolio. Since i added futures, i have access to the oil markets and gold markets. Okay. Im plugged into equities trade confirmed and i have Global Access 24 7. Meaning i can do what i need to do, then i can focus on what i want to do. Visit learnfuturestoday. Com to see what adding futures can do for you. Maria welcome back, blue apron cooking up ipo, blue Kit Delivery Service filed documents to go public according to wall street journal. Plans valued at roughly 2 billion. Valuation has gone up, thats for sure. Will you invest in blue apron or are you an investor . We are not an investor of blue apron. Congrats to them, good business. Maria tell me where you invest in terms of ipos and software in general. How do you make decision to allocate in Software Companies . Look, we are looking for rapidly growing businesses that have capital efficiency. A huge amount of companies with burn rates where consumer is very high or enterprise base. We are looking to invest companies in really big markets, a lot of companies changing and doing things mobile and cloud, a Cloud Company as well. Kevin you talked about the giant cash burden. Uber has been win thats notorious for that but they were able to go out on market and raise money on the debt side. Do you think the Companies Need to go public sooner and spotify, just so viewers know, a direct listing on the New York Stock Exchange and not going through ipo process so people are aware. You actually might see more of it. We love the idea of direct. In terms of the company should go public, we invested in alibaba years ago, private company for like 14 years. Maria lets show a list of investments. Alibaba, uber. Mind body, a public company. I think if Companies Continue to generate value and continue to grow, it is totally fine being a private company but what can happen is if the growth rate slow down which is inevitable as Companies Get larger, the multiples compress. Dagen we were talking about blue apron, a Food Delivery Company but there are a lot of direct consumer businesses. We had the founder one one oe founders of casper mattress on. Whether youre looking at linens. Those with two different questions. I was out there meeting a company in the womens intimate apparel space, casper, 20 years ago all of the companies would have distributeed blue bloomingdales, nordstrom. The challenge is a lot of the companies are not Tech Companies. It doesnt make them bad businesses at all. Maria consumer businesses trade on multiples and for us its been challenging to invest in the Consumer Product space effectively. Maria what do you make of all of these valuations within the stock, facebook, amazon as well as netflix . Yeah, i used to work for one of the tiger cubs. Look, they are great businesses. Amazon is a fen phenomenal businesses. Theyre not cheap. Kevin why wouldnt you go in there . Maria just because they arent expensive they are not going to get more expensive. Kevin microsoft pays more dividend than 10year dividend. Where am i going to park my money . Thats true. We take a tenyear view. In ten years what is this going to eastern, put a reasonable multiple on it and back onto it. Obviously theres not a lot of competition but in ten years very having tone the work on it, yeah. We do not know. We have had the opportunities to invest as private company, we did not. I was an idiot. Maria sure. I did not. I also thought amazon was expensive at 500. Maria there you go. This is great, really good stuff. Thanks so much. Great to have you on the program. Please come back soon. President trump asking Supreme Court to reinstate revised order on restricted travel. We have the details. Toyota owners check your driveway, recalling thousands of tacoma pickup trucks, what models are affected, next. Back in a minute. 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. Maria good morning everybody. It is friday june 2. Thank you for joining us. Present trump travel ban headed to the Supreme Court now. Theyve asked the highest court to overturn the decision by the Fourth Circuit appeals court. We are breaking down the brewing battle in dc coming up. Take a look at futures. Its also strong after the major averages closed higher yesterday as well. The numbers will be out. They are looking for hundred 85,000 jobs. In your markets are higher. Its up 1 . In the dax index up one and half percent. In asia over night. Green as you see. The ek average up one and two thirds percent. Toyota issued a massive recall. Nearly 40,000 pickup trucks could start without warning. What you need to know before you hit the road. Lulu clement is a name to watch today. Returning home from the final frontier we are headed to the International Space station as to crewmembers plan to return to earth. Th