The Broader Market also that of three quarters of a percent to 1003 change. The end of an era for jay crew. Replacing a longtime ceo. Markets this morning. Down one point after holiday yesterday. In asia overnight, mixed performances. The kospi and create close. Pluscall and cap are knocked back at square one. Seattle come as top prospects for jobs going into a different direction than joining me to talk about it, Dagen Mcdowell. Wall street economics editor Jon Hilsenrath and diligence cofounder mike baker is here. Dagen why do i feel safer with him here . At complete misconception, but thank you. The most informative show in the morning. Ive been here. The Energy Always great. Gillett thing we didnt talk about in the runup is what is going on in qatar. Fascinating story. Maria general jack keane coming up, but it is pretty extraordinary to see five countries in the middle east cut ties. Our biggest basis and allies. Maria its really incredible. Maria problems getting. This in the country the highest per capita. Qatar is the richest country. Lots to talk about here. Of course we continue coverage this morning. Former president ial candidate, Arkansas Governor Mike Huckabee is with us. The subcommittee, kentucky congressman is here. Secretary of Veterans Affairs committee which looked anesthetized. Plus the chairman of the ftse, federal Deposit Insurance Corporation is with us. Plus Country Singer kat bar. White house Officials Say republicans will vote on the version of Health Care Reform before the august recess paving the way for lawmakers to overhaul the tax code after labor day. John barrasso of wyoming says the constituent are demanding action. Watch. Theres a lot of things we need to do. People are expecting results from this congress and thats the issues of the week. Infrastructure, health care, tax reform, Regulatory Reform. The things we need to do to make sure we have a strong and healthy economy. Thats what the polls tell you and what i hear at home is the most thing on peoples minds. Maria the clock is ticking. This is incredible. President would be focusing all of the attention on paul ryan and mitch mcconnell. If he wants to get help reform. The other thing if there is a debt ceiling issue that they have to resolve in the 43 days which could complicate matters. It sounds crazy we are talking about the clock ticking already. If they cant get something of significance done before august, before the reset command they are in serious trouble i would argue. They have been spending all their time putting out fires. Some of their own doing. They have got to get a big lead. Maria look at Chuck Schumer and nancy pelosi, they are trying hard to abstract and not allow the net. I disagree with you on that. 50 votes in the senate. The way they are structured in the health care and tax bills, they dont need any dads to get any of this done. They get their coalition behind both of those. Im not blaming anyone. Lets see if they get it done. Dagen absolutely blame the republicans. Obviously, and he rushed it through. The ball is in their court. They have no excuses. Democrats dont need to do anything. Its too early to give credit or blame. If they get it done dabs all about obstruction. Dequeue untreated both of those things happen at the same time. Its not one or the other. Maria lets go specific into it. Border adjustment tax. The white house doesnt want it, paul ryan wants it. Is these are hard, complicated issues. Getting a tax overhaul done, we havent had one. Its hard to get completing competing coalitions to agree on border adjustment or corporate interest payments. A rolled up tax reform plan a year ago and clearly there were a lot of republicans in the house and senate in favor of it. And people buy at target and they raise the cost of gasoline 20 . People are selected to pay more for their staffing target. Again, solutions at the border adjustment tax. Three main things the site is happening on tax reform. The border adjustment tax, deduction. Weve talked about property deduction. Dagen state, local blue states. The third thing is the corporate rate also been argued because the white house wants 15 . The president has said the republicans rapid 25, 28 . I did get 15 if you wont take the adjustment . Thats the debate. They came out with this plan a year ago. Seven years to figure out about my care. We will start from scratch. They are further about. They had the working group of the process of writing them in. I dont want to diminish what they been able to accomplish. They senate the American People who voted for the republican to have something ready to go out of the gate. Hes not going to you could just see that. It seems like they are ducking in dodging these daily missives from the white house. The tweets that the media uses its ammunition. Dont keep giving them the opportunity. Then there are active investigation. That will take all of the action out of the room. May be space to work behind the scenes. Trying to be optimistic here. Very optimistic. The president is ways to strength to those two men. Mitch mcconnell and paul wright because his whole agenda hangs on getting this coalition. The wall street journal is critical of President Trump. The buck stops everywhere else, going after his recent twitter story. They have an early editorial talking about the tax reform out of the white house that it was incomplete and working on something. He was in a hurry. Again, it is disorganization. That falls on the commanderinchief shoulders. Questioning why hes basically questioning his department of justice. Its very good. You were trolling the mayor of london did hit by a terror attack. This serves no purpose whatsoever in diminishes the size of the presidency. The white house is turning their focus back to the agenda today. Talking about infrastructure tax and Health Care Still had a federal contractor arrested and accused of leaking a classified report. Our more arrests coming . A look at the leaker what happens now. The head of jay crew stepping aside. Leaving his post amid struggle to keep the retailer out of bankruptcy. It is next for the company after this. Back in a moment 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 at angies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. Discover all the ways we can help at angies list. Because your home is where our heart is. Maria welcome back. Startling new developments in london terrorist attack. The terrorists have backed 50 tunnels under parliament. Cheryl casone with the details. Thats right, maria. Cormac and pakistan has now been rated. We should add this communist authorities have learned they worked at the Westminster Station and access tunnels that run under parliament. London confirms what worked for London Underground for six months. He left in october of last year. The 27yearold citizen who killed seven and injured 36 werent saturday night was known to britains counterterrorism unit before the incident. There is no evidence he was planning anything. Officers are working to identify a third accomplice while 12 others have been arrested but released without being charged. Back at home, President Trump doubling down on his travel ban reading this late last night. We need a travel ban for certain dangerous countries not so politically correct term that wont help us protect our people. The band would bar people from six mostly muslim countries from entering the United States. Meanwhile, a federal contractor accused of making a classified report chaining topsecret level information on russian hacking efforts during the 2016 election a 25yearold reality winner was charged with removing classified material from a government facility. According to the Justice Department, the winner was arrested after the website. The intercept published details after they attacked at least one u. S. Voting software supplier. Jay crew ceo Mickey Drexlers stepping down as they are still struggling with the big piece of dead. Head of the Company Since 2003 will serve as board chairman. President james brack going to become the new j. Crew ceo next month. Will receive a 3 million signing bonus over the next three years as well as the 1. 25 million. Jake or about 600 stores with 2 billion in debt. Thank you. Under severe pressure we know its going on in terms of retail online versus brick and mortar. Dagen they can try to claim their retail environment. This is a j. Crew problem. Essentially oversaw all of the fashion if you will. I j. Crew. They are responsible for it. Theyve had 10 quarters of declining samestore sales. They are bpresident of west elme furniture company. Its about the merchandising, putting things in stores. J. Crew went through this entire theyre riding high with Michelle Obama was wearing their clothes to the 2008 inauguration. They were riding high, but the fashion was all bejeweled neckline. It was fashion driven by a single Woman Alliance and it failed. If you look at hmm, they were on point, entree. J. Crew failed because they relied on one womans vision. I was going to say bye to contribute something. Im wearing a j. Crew suit. They are going out of business. I will go pick up a couple more. Im kidding. Theyre also playing a dangerous financial gain. They loaded themselves up with that. Youve got to keep your cash flow going if youre going to load up on debt and survive it and they didnt and thats why they are close. Dagen does not editorial on why they are having problems. Have a major problem in your country at the time the target is also weak. Three problems. Credit, internal and the whole environment. There was a haughtiness about the fashion in clothes they were putting in the stores that its still there to this day. Give me something i want to wear. Dont tell me i dont dress well. Maria Technology Stocks on top the 1000 share club here just how long can technology stand out. Our rock moment caught on tape. A Good Samaritan jumping into a moving car to help the driver hamid a seizure. Back in a moment. Never going to grow up never been a slowdown is true to join us now securities president mark green. Good to see you. Thanks for joining us. Is that dominating was happening in terms of investors this year . He might definitely in everybodys minds. I think the numbers have been quite good. An acceleration in terms of products coming out and the resurrection of the tech ipo market. The stocks are performing because the underlying performance is quite good. Interesting things coming out of the Apple Worldwide conference yesterday. Absolutely. Maybe playing a little catchup to amazon petco, but certainly a lot of excitement of brown apple. One of the biggest gainer of market caps this year. Again, they are selling a phone that has great momentum of the more late the Software Part of the business. Dagen can i ask you at granular question about this device, the home pod speaker unveiled in terms of the price of it. Did that surprise you . 349 almost double the price of the msi mega speaker. I just wondered if they had made their bones on a premium pricing. I wonder if they could get away with it in this case. A great question. There is a cachet to apple products obviously that they have garnered and they think they are going to be look to do that. We saw what they watch, earbuds, a few things. Theyve been able to pull off. If its a better product, they will hold. Amazon products quite good. People really like it. Make that kind of leap for that kind of price point, the markets a little less than it was for amazon. Thats only happened three times in the last halfcentury and each time there is some kind of whom associated with it. One time in the late night t. 90s. A tech stock boom another player that was so low. Can we now be at the start of another tech boom and will that look like the last one . Its interesting with god amazon go in over 1000, google over a thousand. This isnt like the tech boom of the 90s but we had started hitting the 90s. These are stalwart soaring. Trade today are earning money and generating revenue. Different than what we thought the 90s that we were buying stocks because of his to the website. A couple things. A dude with the unemployment you are seeing real job creation and real innovation. We talked about it on the show. The pace of innovation is accelerating. What you see going on in all different forms whether Autonomous Vehicles, whether you see it in the home, in the Energy Market as well. We dont see them credit dvds. I wouldnt call it an unfortunate downside, the downside to technology innovation. What you see is what are you going to do . 20 Million Developers in the world who can make this stuff. Who will not have 100 Million Developers. Listen, the workforce has to adapt to the Fact Technology doesnt turn around. It doesnt decelerated you will see the pace of innovation accelerate. That will not slow down because the kind of think we are seeing are faster and better than a year ago. Train to the apple watch could get glucose levels. That is just a start. With this phone and what wearables are going to do for our lives. I just came back from a lengthy trip in israel which is a great producer of innovation. You see investments in health care and technology and Autonomous Vehicles and other places. The pace of innovation is celebrated in the work force that companies are plowing forward. That didnt stop them because demand from consumers or they are. I think we are seeing the sprinklers at that right now. Deals have doubled this year. Real strength intact. Three times as many tech ipo since a year ago. Twice as any for the entire market in the stocks are working. Some of the real stalwart a little bit controversial but a big ipo a couple weeks ago. You will see more deals on the market right now. Maria does that give you an indication . Does that show help the environment . With twice as many, but more important the demand is there. Maria mark, good stuff. Thanks for joining. Coming up, President Trump turns his attention to the agenda included a bid to privatize air Traffic Control. The details next. To Good Samaritan jumps into a moving car to help the driver who was having a seizure. The lifesaving role but coming up next. To folks everywhere whose diabetic. Nerve pain shoots and burns its way into your day. I hear you. When that pain makes simple errands simply unbearable. I hear you. I hear you because my dad struggled with this pain. Make sure your doctor hears you too. So folks, dont wait. Step on up. And talk to your doctor. Because you have places to go. And people who cant wait for you to get there. If you have diabetes and burning, shooting pain in your feet or hands. Step on up and talk to your doctor today. 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 thanks so much for joining us Maria Bartiromo tuesday, june 6, your top stories right now 6 30 a. M. On the east coast. President trump rebuilding america the commander in chief takes aim at our infrastructure this week, up first, Airline IndustryPresident Trump unveiling his plan to privatize air Traffic Controller. Flight delays inefficiencies costing economy as much as 25 billion dollars, a year in economic output we live in a modern ankle our air Traffic Control system is stuck painfully in the past. Maria the triple digit will unveil next proposal tomorrow, in ohio what it means to business in america coming up, markets this morning looking lower take a look futures indicating a decline of 30 points on dow industrials today, a fractional move other major averages around flatline largely downside in europe major indices lower ft 100 cac quarante, both down fractionally, the dax index worst down twothirds of 1 right now after a long holiday in germany, no asia overnight, mixed he performances the best performers in Hong Kong China korean marketing closed for a holiday, a hero on the runway one man springs into action, jumping in the window of a moving car, the driver that was having a he seizure the moment coming up, be careful what you put online harvard reportedly rescinds admission offers to several students after they made offensive comments on the web, major failure of about they got to class, Colin Kaepernick failing to score with seahawks the quarterback back to square one in search for a new team and new job. Then apple comes home the Technology Titan ready to complete with likes of amazon and google announcing its smarter speaker, about what you can expect from siri in your living room. To top story first, President Trump unveiling first part of trilliondollar infrastructur