Higher opening. In europe stocks are higher across the board. Take a look at the indices. The dax index and the cac quarante are up half a percent a piece. The british pound dropping sharply showing the conservatives will fall short of winning majority in parliament. It has since stabilize slightly but still lower. In asia overnight, stocks mostly higher. Worst performer was hong kong. Nikkei average in japan 1 half of one percent. Chaos across the pond in turmoil in capitol hill. James comey slammed President Trump saying that the commander in chief fired him to undermine the probe into russias influence in the 2016 election. Comey also addressed the president s request to let the investigation into former National Security adviser Michael Flynn let it go. I dont think its for me to say whether the conversation i had with the president was an effort to obstruct, i took it as a very disturbing thick, very concerning but thats the conclusion the special counsel will work towards to try and understand what the intention was there and whether thats an offense. Maria more on james comeys bombshell testimony this morning including why former attorney general Loretta Lynch made him feel queasy. Weapons can sink u. S. Ships at will. Latest in rising tension with north korea coming up. More trouble for retails, Parent Company of saks fifth avenue hudson bay announces over 2,000 layoffs. You can hit play, play, play, play, taylor swift ending her break up wseveral music services. The details on the super stars return tstreaming, allhe stories coming up this morning. Busy friday morning, joining me to talk about it jared max, kevin kelly and business and economics professor at the Kings CollegeBrian Brendberg is here. Kelly now we know what brian is going to be listening to. [laughter] maria good morning. Dagen i will start by saying, lordy. Maria lordy. [laughter] dagen people were shocked that comey said lordy. Maria early reaction, Quick Reaction . Dagen to the British Election . Maria no, to comey. Dagen he was playing it like you would expect a very seasoned operative and gun slinger that he was troubled by what President Trump said about Michael Flynn but he never reported it to anyone. He never thought about resigning when he did prepare a letter of recignation to that he never handed in to president bush over wiretapping, so his reaction was that he didnt even say to President Trump to his face, i have a problem with this. Its just very suspect. Maria and then the Loretta Lynch stuff. That struck me yesterday, kevi kelly. Kevin that was surprisi and also that he has a friend thats willing to leak stuff for him. Dagen comey chose to leak. Maria admitting that he actually leaked classified information to a professor at colombia who then leaked it to the New York Times. We are talking about all of the above this morning. European Parliament Member uk leader nigel farage is with us this morning. Jim kallstrom weighing in and view from the suit in terms of all of the above. We kick it off with the top story, british Prime Minister may kicking ahead with minority government after the conservative party loses majority. Benjamin hall live in london. Benjamin, good morning to you. Good morning, maria. Talk about a political miscalculation, this certainly was one. A staggering result we saw overnight. The conservatives were over 20 points ahead a few weeks ago, they have thrown all of that away. What it means now that although they won the most seats they have not passed the important figure of 326 and we have a Hung Parliament. Now what all parties have to do is come together. The conservatives will try to find someone to go in coalition with and push beyond that. Labour getting 261 and so now they look at the smaller parties to get them over the line. Theresa may called this election because she wanted a personal mandate moving forward into the eu negotiations. That has backfired and theyre already some questions about whether or not she can stay on as proim minister in the longterm alough she has come out and said she wont resign. At this time, more than anything else this country needs a period of stability and if as the indication have shown, if this is correct that the conservative party has won the most seats and probably the most votes, then it will be ib curvant on us to ensure that we have that period of stability and that is exactly what we will do. She may have won the most seats but supporters of jeremy corby, in the farleft leader were celebrating this leader and he was talking about forming a government. If there is a message from tonights results is this, the Prime Minister called the election because she wanted a mandate, well, a mandate shes got is lost conservative seats, lost votes, lost support and lost confidence. But still very much a fluid situation this morning and theresa may is going down to downing street and shes probably done a deal with the dup, they won ten seats and given the conservatives 319, that would just about push them over the limit. But theresa may had a majority just a few weeks ago moving into the eu negotiations, the whole political spectrum here has changed and again this is one political gamble that has gone horribly wrong for her. Maria benjamin hall. We are market the reaction on the heels of the news out of the uk. British pound falling sharply. The other major averages in the euro zone up one half of 1 . Take a look at the futures in the u. S. 30 points on the Dow Jones Industrial average. I want to bring in principal ceo with us right now. Jim, good to see you. Great to be with you, maria. Maria your reaction out of the news of the uk . It was a surprise out of the polls but we got used on both sides of the atlantic. Maria its true. Its interesting that miss may will see the queen so quickly. If thats the case, she will be able to form a government that will be slightly precarious one because she will be behold not only to unionists but also to the different shades of opinion within the conservative party. So its going to be quite difficult for her to present any strong and unified line in the brexit discussion and thats when it gets really interesting. If she fails to form a government, the protocol is that Jeremy Corbyn would be asked to form one, with the numbers in parliament that looks unlikely, theres a fair chance of another election, im afraid. 6 to 9 months could be as long as it goes. Having said that, i think what we are in for is a very uncertain brexit negotiation. Maria wow, the uncertainty obviously has impacted currencies, the british pound down this morning. What about stock . How do you invest around this . The weakness in the currency is good for stocks because so many Global Companies are listed in london and British Business is so much dependent on exports. The weakness of the currency since the brexit vote last june almost a year ago, the weakness to have currency is what really saved the uk economy and stock market. It probably needs more weakness of the currency given the political developments. How do you play it, i think there are rather like any europe markets. Im not particularly optimistic about any european markets. I think the economic developments and the uncertainty around brexit will cost some pain. I regard them as a bit of a sell in strength in any case before this election. This doesnt change my view. Dagen just really quickly looking at some of the individual sectors, you have seen initially weakness in bank stocks, worry for Bank Shareholders that you had the labour party will launch a move to break up the banks but you have not seen labour concerns, if you will, in the utility stocks because, again, corbyn policy platform would be nationalism for the utilities there. Its been kind of a sect or sector by sector. Thats a long way ahead and require him to have majority which hes very far from. Brian are uk businesses actually okay with it . That probably means stronger trade and economic ties with the eu. Thats exactly right. Thats one of the perhaps positives in this because it looked remember, theresa may is not a particularly economic or growth oriented leader, shes been her background was secretary and she does not have a track record of progrowth economics leader. We were headed if she got a big majority towards a hard brexit. I mean, basically exit from the eu with no trade deal and then they have to scramble to put together trade deals. Business is apprehensive about that. I think that makes a bit less likely maria thats a positive. Trying to stay within eu. Kevin the problem i see with this and the reaction of the pound has to do with tax and trade policies. One of the things that this current government wanted to do was to take taxes to 17 . Thats certainly up in the air now. Also trade was a big deal that was happening that was part of the brexit situation and why people were saying invoke article 50 because they had to get some certain products from within the eu which was more expensive. Now, when im looking at this, all that uncertainty is creating even more certainty when it scoms to scotland, s p lose more and i dont see this being good thing for the british economy because its breeding more uncertainty. I think thats right. There is more uncertainty. It does mean with the scottish nationalist losing seat that is another Scottish Referendum is more less likely than it looked this time yesterday. Some of those mitigating factors, but theresa may was never standing on tax reform. She was standing on some slightly probusiness reductions and tax rates, the tax reform agenda is the really important one in the United States but hasnt been present in the uk and i think as we look at comeys testimony, the question to me isnt around the personalities which is all very fascinating but the albuquerque to me is does it make tax reform and deregulation more or less likely. Maria whats the answer . I think the answer is it makes it a bit less likely, there are two things that are stopping the administration move forward with potentially stopping the administration moving forward with the business parts of the agenda, the Ongoing Investigations and the locking up of the senate as the American Health care act. Those two things make make make the tax reform and deregulation less powerful. Thats an issue. Maria yeah. If there were any way you can see that agenda coming above water and emerging, that would be very good for business. Maria of course, thats what we are all waiting for. Jim joining us there. We are hearing from the president right now for the first time on the jim comey testimony. Hes addressing it in his tweet. He just tweeted this. Despite so many false statements and lies, total and complete vindication and, wow, comey is a leaker. Thats the president s commentary and we know that jim comey did pass on his memo to professor friend of his who then leaked it onto New York Times. He admit that had in fact, is a leaker. Kevin yeah, thats one of the biggest issues i saw coming from yesterday and showing, reinforcing deep state, bureaucrats that are in that have been in the government for so long are actually going against this Current Administration and thats been the struggle we have seen come about and thats really actually reembolden his base that has protected him because of these leaks, because hes not able to enact agenda. The government is not willing to work with him. Dagen i will push back on the President Trumps tweet slightly. We did find out that President Trump never tried to block the actual russia probe. We found out that he was assured three times by jim comey that he personally was not under investigation but there still is an issue that Robert Mueller, the special could believe will be looking at the motivation behind him telling jim comey about Michael Flynn to let it go and so this does not go away for the president. Maria thats still out there. We will take a short break. A lot more to come here. Stay with us at bps cooper river plant, employees take safety personally down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. Because safety is never being satisfied. And always working to be better. Maria north korea has test fired a new antithaad missile. Cheryl can he recall Cruise Missile with strike u. S. And south korean warships. The country claiming the missile accurately deconnect detect floating a target at sea, sorry three people, two of them Washington Police officers hit by pickup truck last night. A third victim a city employee, the Washington Police chief say it is vehicle was traveling at a highrate of speed when it struck the officer who is were patrolling on their bicycles, the truck then crashing into another truck, both occupants have been arrested, we should say. Not immediately clear if that was an intentional attack against those officers. Well, another side of trouble in the Retail Sector to tell you about. Saks fifth avenue and lord anne taylor to downsize, the owner says theyre going to eliminate 2,000 jobs as part of broader restructuring. Sales declines hitting macys, sears, they are closing hundreds of stores we told you about this week. Taylor swift is returning her music to streaming services with famously stood up with Services Like spotify, apple music back in 2014 and later dispute about loyalty, she was very vocal about it at the time but time heals all wounds, guys, swift has made up with the services and celebration over album 1989 which sold 10 million copies worldwide. You cannot ignore at this point if youre an artist the power of streaming services get to go users, maria. Those are your headlines, back to you. Maria coming up next turmoil on capitohi, former fbi director james comey speaking before congress yesterday, the senate intel committee, we will have more on the bombshell testimony including why he said former attorney general Loretta Lynch made him feel quasy. Theresa may seeks stability, her gamble to strengthen the conservatives power backfiring and instead losing majority in parliament. What it means for negotiations leaving the European Union . A lot to come 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 will you be ready when the moment turns romantic . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. 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Confused me when i saw on television the president saying that he actually fired me because to have russia investigation and learned again from the media that he was telling privately other parties that my firing had relieved great pressure on the russia investigation. The administration then chose to defame me and more importantly the fbi by saying that the organization was in disarray, that it was poorly led, that the workforce had lost confidence in its leader. Those were lies plain and simple. Maria that was just part of dramatic testimony from fired fbi director james comey before the Senate Intelligence committee. Comey revealing that he himself orchestrated leaking a memo about an Oval Office Meeting that he had with the president , he leaked that ultimately to a newspaper reporter via a professor that he knew. Here is what