Transcripts For FBC Mornings With Maria Bartiromo 20170621 :

I stand before you extraordinarily humbled and honored that the high responsibility that you and the people across the six district had given to me to represent you and the United States house of representatives. Maria President Trumps response to that therese this morning. Its a race against time. Heavy rain and flooding across georgia. Dozens of people rescued after the water rose to chest high levels. A shakeup in saudi arabia to report. 791st in line for the throne. What this means for the future. U. S. Airlines are nowhere near the top of the list for the fall is coming this morning. Amazon tried before you buy a Pizza Company rolling in a new workgroup service. Weve got the details from pram wardrobe. Checking markets this morning. Features indicate a lower opening. Nasdaq down 20. That is a third of a percent. In europe, indices look like this. Similar tone on the downside. Dax and germany done two thirds of 1 . Asia overnight mixed performances. China was up half a percent. Shanghai composite. All the stories coming out. Kristin k. Process. Market strategist kevin kelly. Hence michael balk. Good to see you. Im bummed. I liked his clean haircut did this is bad news today. Train to me, too. I like the clean cut look. You know whats funny is we talk about facebook and instagram. One of them is man buzz of instagram. Its crazy. So its actually a thing people follow. Maria a lot of stories on deck. Coming to talk about it, Lieutenant Colonel allen west as he appears in your traditional analyst Andrew Napolitano is here. Pete king is with us and the starbuck dynasty, Jake Robertson is here along with his wife, the president and missy robinson. You dont want to miss a moment of it. Stay right there. Travis kalanick stepped down as the ceo of lugar. The ride him a giant candy his resignation yesterday after shareholder revolt. Reported by the New York Times, transcends that it comes five hours hours after five of the companys bid to shareholders demanded in a letter he resign immediately. Last week uber announced kalanick would take an indefinite leave of absence to create the sudden death of his mother. In a statement, kalanick says i love transfer more than anything in this world. Ive expected the investors request to step aside and go back to building rather than be distracted with another fight. Transfers were directors praised his decision spreading this is a Bold Decision in the sign of his devotion and love for uber. Hes taking time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in ubers history. The start of valued at 70 billion without a leader, without a ceo, cfo and cio. Pretty incredible news here. The founders stepping aside. He might be put in watching the show could be called for this last tuesday appeared friday before that because they cannot raise another dollar as long as hes in power and in the position. The reason is off all of these investors is because they need money. The quarter before that, 700 million. They need to raise more capital to sustain their Business Model and no one will do that as long as hes in power. Look at scandal after scandal after scandal he had under his leadership and the people around him. Theres no way they could go public. Theres no way they could raise another dollar, so this is a good thing and weve called for this because it is a topdown situation. Tree into who replaces him . Is this an insider . A bit of a fresh start. It got to be an adult in charge here. Given the culture existed there, it would also be good if there is a Strong Female ceo that came in ceo that came in. Someone who would shake up the power structure there. Talk about the wall street trading desks for locker rooms. I cant believe what im reading. The wall street culture and we do not. Sent out recently, with the nail in the coffin. Mr. Bandar bin. Its egregious. This cant be happening. The Strong Female leadership. Im just throwing names out there. The ceo of you tilt right now. She runs a big part of the Customer Experience with apple right now. But the whole thing, it holds drudge. I think probably money and purse to each. It is a big task, but i think they will get broad support of a long leash to do it. A woman would be great, especially an outsider because theres been pervasive follows inside the system. One of my picks was actually the cfo of microsoft. Shes done a tremendous job. Wall street is very familiar with her. She actually has worked in the Capital Markets of goldman sachs. Shes done a tremendous job at microsoft. She knows the tech area. Hes running twitter. Hes running square. Im being tongueincheek. This is one of those things that Silicon Valley needs to look outside of Silicon Valley and amy hood is from the midwest. Shes from nashville. Train to the Venture Capital Firm Benchmark was one of the shareholders that demanded kalanicks resolution. There will be many pages in the history books devoted to travis. Very few entrepreneurs have had a Lasting Impact on the world. Talk about the impact kalanick has had on Silicon Valley. Tremendous impact. If you look at what hes done, he badgered me to product showing how visionary his product in his idea was. Think about it. Lift is out there. Other different independent ones in different cities. The highest uses of resources here in the United States. It is like people dont even need to own cars anymore. They can use uber, trying to do automated driving seem with google. He didnt just change Silicon Valley. He changed the world. He changed the way we get around. I havent taken a cab in over two years. Even though theyve tarnished goobers reputation, im going to keep using uber and my friends will, too. Better for us because it drives down prices. Maria a new one recently that prince allah we invested and uber. Real quick on the Georgia Special election. Your thoughts on what took place last night. This is all about tron. I take away that the bases still mobilized. They are sick of being beat down by the media havent been called deplorable and this is good news for the republicans next year. Maria karen handel whens the georgia race. There were two wins inside South Carolina as well because those two went to the trump administration. Top races in georgia in Mick Mulvaney in South Carolina. All of these reasons and once again the margins of victory were not as high. A lot people threw money at these races and the gop to get them up and running. One wildcard pick his jon ossoff. Hes not doing anything. Democrats are overflowing special elections this year. He was not from that district. The democrats once again put up somebody that shouldnt have been in a position to run. Maria we are going to talk about this in the next segment. You dont think this is a referendum that people have figured out about the obstructionism and the left is trying to stop an agenda. These urges to local situations. You look at the history of those districts. We will take a short break. The most expensive house race in history. Karen handel defeating jon ossoff. Plus, it came to solomon plus king salman ousting his son. All those stories when we come back. 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 train to welcome back. As weve been reporting good republicans in Georgia Special election. Cheryl casone with the details. Reporter maria, public can karen handel defeating jon ossoff in the most expensive race in history. 40 keeping another house seat in the hands of the gop. The former georgia secretary of state thanking supporters for perseverance. Watch. It is that fighting spirit, that perseverance and tenacity that i will take to washington thats been the driving force of my life and it will be the driving force for u. S. A. Represent you. Reporter congratulations to karen handel. Fantastic job. We are all very proud of you. Counselor to the president , Kellyanne Conway wayne and commit to reading this. Laughing my ossoff thats a good one. Anyway, the four Straight Defeat of the democrat to take your republicans see you. Another win for republicans of South Carolina. Archie parnell and a closer than expected race. Vacated by office of management and budget direct or Mick Mulvaney. Let 51 to 48 . Republican developer ran a campaign of aligning himself with President Trump who won the district by more than 18 in the november election. Saudi arabia is king salman ousting his nephew. Mohammad bin salman as an attempt to overhaul the economy. First in line to defeat his father and remain in charge of the area. Ill come up with them not appropriate treats for television. Maria thank you. Big in saudi arabia in terms of the georgia South Carolina election. First come your thoughts on this change. Does this impact markets in anyway . I think it impacts market significantly because hes trying to diversify their economy and is in charge of a lot of other sectors. How would that reverberate. They led the charge against qatar. Ramco is trained to do an idea. This will impact and its really entangled so thats a big deal. Theres been complications. The studies are motivated to support the oil price. A lot of this has to do with the tension with qatar and fall apart because of that. They lead the charge on that. Maria down 43 training 34. Talk to us about georgia and South Carolina. Your thought on these yesterday. This is huge. Despite the media attacking republicans every hour of every day, putting 24 million into this race. The democrats were not able to pull this off. This is embarrassing for them and sends a strong message. Some are totally out of touch with the American People. Look at the way Hillary Clinton ran her campaign. We had coworkers, working folks in this country seem the same things in georgia where you have people on the coasts giving these millions of dollars to jon ossoff and it didnt resonate. Maria weve got a story coming up in the program. Hillary clinton still has security clearance. I am wondering. Ive no idea. When we come back, scorching heat grounding more flights in phoenix to the extreme weather conditions. Triple digit temperatures. Laying out his plan for tax reform. How the wisconsin congressman says the u. S. Will get to 3 growth. We are on it next. Back in a moment. Before fibromyalgia, i was a doer. I was active. Then the chronic, widespread pain drained my energy. My doctor said moving more helps ease fibromyalgia pain. She also prescribed lyrica. Fibromyalgia is thought to be the result of overactive nerves. Lyrica is believed to calm these nerves. Woman for some, lyrica can significantly relieve fibromyalgia pain and improve function, so i feel better. Lyrica may cause serious allergic reactions or suicidal thoughts or actions. Tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. Or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling, or blurry vision. Common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. Dont drink alcohol while taking lyrica. Dont drive or use machinery until you know how lyrica affects you. Those who have had a drug or alcohol problem may be more likely to misuse lyrica. With less pain, i can be more active. Ask your doctor about lyrica. I can be more active. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and Customer Experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Tthats why at comcast,t to be connected 24 7. Were always working to make our services more reliable. With technology that can update itself. And advanced Fiber Network infrastructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. We will eliminate harmful burdensome taxes including the gas tax than the alternative minimum tax. Focus on keeping those that make the most sense could consolidate the seven brackets in the three. Double the standard deduction and simplify things to the point that you can do your own taxes on that a form the size of a postcard. I am here to tell you, we are going to get this done in 2017. Train to get it done. Speaker of the house paul ryan. The republican leader addressing the gops plan for an overhaul, saying dead before he has a Generation Opportunity to do something transformational. Joining us now is the master chief equity strategist biller lando. So great to see you. Investors, do they think this will happen this year . When we had the stunning Election Results last november, 83 of americans voted the way they did because they want to see a stronger economy, tax reform, stronger defense, better function health care system, et cetera. That was part of the early euphoria. The positive sentiment has clearly draped over the last couple months, but the average voter, the person in the middle of iowa would love to see us get this stuff done. Maria everybody wants to see this done. Brackets up 17 and the Dow Jones Industrial average. If that is whats driving this market, or is it more fundamental than that . The positive has faded. The earnings issue in europe. Firstquarter seven or eight years, best quarter in five years. We can debate whether it was energy or Financial Services and the improvement that have driven stocks up until this point. One of the most interesting things that came out of it is Debbie Wasserman schultz hes an indication of what the democrats want to do and how they want to be obstructionist. Get some color and how that impacts markets. What do you think of that . I think the average voter last november with sane governments dysfunctional. What we want to see his compromise. Fiscal prudence, social responsibility. We want to get something done. Up until last weeks tragic shooting, there was this obstruction mentality in washington. Certainly on the left. The left of center sayer strategies we will dig our heels and next november if he can we can say look, theyve got nothing done. Over us. They counter strategies for republicans to get something done on health care reform, tax reform, get the economy rolling. Theyre also 1. 6 gdp last year. If by the end of next year we are tracking back towards 2. 5, 3 , republicans say look, weve doubled growth. We deserve a couple more years. Maria the odometer repeal bill is on the fast track in the senate. There is a vote that they peaked done next week. Do you think thats doable . If we were to see it followed by tax reform, how much more runway to we have docs . We are looking for 2500 s p this year. We are in the minority against expecting something would happen positively on Health Care Tax reform. Initially we thought wed see something by the august recess. That maybe was a little optimistic the kilogram is talking about the behind the scenes quietly been making progress in the timeline is not predicted. At washington get something done otherwise theyll be economic in abysmal. So you listen to what the fed is saying and their strategy is to look at three rate hikes this year. March, june, december. As we look at the data in the fed talks about being data dependent, the core inflation data has gone the wrong way. They want to see the number at two or better. The fed is truly god, youve got to wonder whether or not another hike in the second half of the year is still on the table given the recent trend weve seen inflation. Is the federal idea dependent . The other thing is giving your thoughts on our health care attacks can be going, what sectors and styles are favorite . The first question is i dont believe its data dependent. The legacy issue is driving more of what they are doing in terms of the fact there is because weve got an optimistic view in terms of getting something done in washington. What weve been focused on is the fact areas, financials, energy, technology, sectors that do better if we could better Economic Growth. Maria oil back into bear market territory. We are oversold at this point. Take a step back or to 40 to 60 trade range back at the 43 level right now, close to being oversold. Youve got to look at whats going on in saudi arabia and russia. They have a vested interest in getting the ipo done next year. Precious cotton election next year. They look at the price of crude higher to keep their economy out of recession. Which means weve got to get better gdp growth for republicans to reclaim or retain their majorities in the house and senate. As a result, theyve got to get United States<\/a> house of representatives. Maria President Trump<\/a>s response to that therese this morning. Its a race against time. Heavy rain and flooding across georgia. Dozens of people rescued after the water rose to chest high levels. A shakeup in saudi arabia to report. 791st in line for the throne. What this means for the future. U. S. Airlines are nowhere near the top of the list for the fall is coming this morning. Amazon tried before you buy a Pizza Company<\/a> rolling in a new workgroup service. Weve got the details from pram wardrobe. Checking markets this morning. Features indicate a lower opening. Nasdaq down 20. That is a third of a percent. In europe, indices look like this. Similar tone on the downside. Dax and germany done two thirds of 1 . Asia overnight mixed performances. China was up half a percent. Shanghai composite. All the stories coming out. Kristin k. Process. Market strategist kevin kelly. Hence michael balk. Good to see you. Im bummed. I liked his clean haircut did this is bad news today. Train to me, too. I like the clean cut look. You know whats funny is we talk about facebook and instagram. One of them is man buzz of instagram. Its crazy. So its actually a thing people follow. Maria a lot of stories on deck. Coming to talk about it, Lieutenant Colonel<\/a> allen west as he appears in your traditional analyst Andrew Napolitano<\/a> is here. Pete king is with us and the starbuck dynasty, Jake Robertson<\/a> is here along with his wife, the president and missy robinson. You dont want to miss a moment of it. Stay right there. Travis kalanick stepped down as the ceo of lugar. The ride him a giant candy his resignation yesterday after shareholder revolt. Reported by the New York Times<\/a>, transcends that it comes five hours hours after five of the companys bid to shareholders demanded in a letter he resign immediately. Last week uber announced kalanick would take an indefinite leave of absence to create the sudden death of his mother. In a statement, kalanick says i love transfer more than anything in this world. Ive expected the investors request to step aside and go back to building rather than be distracted with another fight. Transfers were directors praised his decision spreading this is a Bold Decision<\/a> in the sign of his devotion and love for uber. Hes taking time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in ubers history. The start of valued at 70 billion without a leader, without a ceo, cfo and cio. Pretty incredible news here. The founders stepping aside. He might be put in watching the show could be called for this last tuesday appeared friday before that because they cannot raise another dollar as long as hes in power and in the position. The reason is off all of these investors is because they need money. The quarter before that, 700 million. They need to raise more capital to sustain their Business Model<\/a> and no one will do that as long as hes in power. Look at scandal after scandal after scandal he had under his leadership and the people around him. Theres no way they could go public. Theres no way they could raise another dollar, so this is a good thing and weve called for this because it is a topdown situation. Tree into who replaces him . Is this an insider . A bit of a fresh start. It got to be an adult in charge here. Given the culture existed there, it would also be good if there is a Strong Female<\/a> ceo that came in ceo that came in. Someone who would shake up the power structure there. Talk about the wall street trading desks for locker rooms. I cant believe what im reading. The wall street culture and we do not. Sent out recently, with the nail in the coffin. Mr. Bandar bin. Its egregious. This cant be happening. The Strong Female<\/a> leadership. Im just throwing names out there. The ceo of you tilt right now. She runs a big part of the Customer Experience<\/a> with apple right now. But the whole thing, it holds drudge. I think probably money and purse to each. It is a big task, but i think they will get broad support of a long leash to do it. A woman would be great, especially an outsider because theres been pervasive follows inside the system. One of my picks was actually the cfo of microsoft. Shes done a tremendous job. Wall street is very familiar with her. She actually has worked in the Capital Markets<\/a> of goldman sachs. Shes done a tremendous job at microsoft. She knows the tech area. Hes running twitter. Hes running square. Im being tongueincheek. This is one of those things that Silicon Valley<\/a> needs to look outside of Silicon Valley<\/a> and amy hood is from the midwest. Shes from nashville. Train to the Venture Capital<\/a> Firm Benchmark<\/a> was one of the shareholders that demanded kalanicks resolution. There will be many pages in the history books devoted to travis. Very few entrepreneurs have had a Lasting Impact<\/a> on the world. Talk about the impact kalanick has had on Silicon Valley<\/a>. Tremendous impact. If you look at what hes done, he badgered me to product showing how visionary his product in his idea was. Think about it. Lift is out there. Other different independent ones in different cities. The highest uses of resources here in the United States<\/a>. It is like people dont even need to own cars anymore. They can use uber, trying to do automated driving seem with google. He didnt just change Silicon Valley<\/a>. He changed the world. He changed the way we get around. I havent taken a cab in over two years. Even though theyve tarnished goobers reputation, im going to keep using uber and my friends will, too. Better for us because it drives down prices. Maria a new one recently that prince allah we invested and uber. Real quick on the Georgia Special<\/a> election. Your thoughts on what took place last night. This is all about tron. I take away that the bases still mobilized. They are sick of being beat down by the media havent been called deplorable and this is good news for the republicans next year. Maria karen handel whens the georgia race. There were two wins inside South Carolina<\/a> as well because those two went to the trump administration. Top races in georgia in Mick Mulvaney<\/a> in South Carolina<\/a>. All of these reasons and once again the margins of victory were not as high. A lot people threw money at these races and the gop to get them up and running. One wildcard pick his jon ossoff. Hes not doing anything. Democrats are overflowing special elections this year. He was not from that district. The democrats once again put up somebody that shouldnt have been in a position to run. Maria we are going to talk about this in the next segment. You dont think this is a referendum that people have figured out about the obstructionism and the left is trying to stop an agenda. These urges to local situations. You look at the history of those districts. We will take a short break. The most expensive house race in history. Karen handel defeating jon ossoff. Plus, it came to solomon plus king salman ousting his son. All those stories when we come back. 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<\/a> to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov train to welcome back. As weve been reporting good republicans in Georgia Special<\/a> election. Cheryl casone with the details. Reporter maria, public can karen handel defeating jon ossoff in the most expensive race in history. 40 keeping another house seat in the hands of the gop. The former georgia secretary of state thanking supporters for perseverance. Watch. It is that fighting spirit, that perseverance and tenacity that i will take to washington thats been the driving force of my life and it will be the driving force for u. S. A. Represent you. Reporter congratulations to karen handel. Fantastic job. We are all very proud of you. Counselor to the president , Kellyanne Conway<\/a> wayne and commit to reading this. Laughing my ossoff thats a good one. Anyway, the four Straight Defeat<\/a> of the democrat to take your republicans see you. Another win for republicans of South Carolina<\/a>. Archie parnell and a closer than expected race. Vacated by office of management and budget direct or Mick Mulvaney<\/a>. Let 51 to 48 . Republican developer ran a campaign of aligning himself with President Trump<\/a> who won the district by more than 18 in the november election. Saudi arabia is king salman ousting his nephew. Mohammad bin salman as an attempt to overhaul the economy. First in line to defeat his father and remain in charge of the area. Ill come up with them not appropriate treats for television. Maria thank you. Big in saudi arabia in terms of the georgia South Carolina<\/a> election. First come your thoughts on this change. Does this impact markets in anyway . I think it impacts market significantly because hes trying to diversify their economy and is in charge of a lot of other sectors. How would that reverberate. They led the charge against qatar. Ramco is trained to do an idea. This will impact and its really entangled so thats a big deal. Theres been complications. The studies are motivated to support the oil price. A lot of this has to do with the tension with qatar and fall apart because of that. They lead the charge on that. Maria down 43 training 34. Talk to us about georgia and South Carolina<\/a>. Your thought on these yesterday. This is huge. Despite the media attacking republicans every hour of every day, putting 24 million into this race. The democrats were not able to pull this off. This is embarrassing for them and sends a strong message. Some are totally out of touch with the American People<\/a>. Look at the way Hillary Clinton<\/a> ran her campaign. We had coworkers, working folks in this country seem the same things in georgia where you have people on the coasts giving these millions of dollars to jon ossoff and it didnt resonate. Maria weve got a story coming up in the program. Hillary clinton still has security clearance. I am wondering. Ive no idea. When we come back, scorching heat grounding more flights in phoenix to the extreme weather conditions. Triple digit temperatures. Laying out his plan for tax reform. How the wisconsin congressman says the u. S. Will get to 3 growth. We are on it next. Back in a moment. Before fibromyalgia, i was a doer. I was active. Then the chronic, widespread pain drained my energy. My doctor said moving more helps ease fibromyalgia pain. She also prescribed lyrica. Fibromyalgia is thought to be the result of overactive nerves. Lyrica is believed to calm these nerves. Woman for some, lyrica can significantly relieve fibromyalgia pain and improve function, so i feel better. Lyrica may cause serious allergic reactions or suicidal thoughts or actions. Tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. Or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling, or blurry vision. Common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. Dont drink alcohol while taking lyrica. Dont drive or use machinery until you know how lyrica affects you. Those who have had a drug or alcohol problem may be more likely to misuse lyrica. With less pain, i can be more active. Ask your doctor about lyrica. I can be more active. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and Customer Experience<\/a>. Which is why comcast business delivers Consistent Network Performance<\/a> and speed across all your locations. Hello, mr. Deets. Every Branch Running<\/a> like headquarters. Thats how you outmaneuver. Tthats why at comcast,t to be connected 24 7. Were always working to make our services more reliable. With technology that can update itself. And advanced Fiber Network<\/a> infrastructure. New, more Reliable Equipment<\/a> for your home. And a new culture built around customer service. It all adds up to our most Reliable Network<\/a> ever. One that keeps you connected to what matters most. We will eliminate harmful burdensome taxes including the gas tax than the alternative minimum tax. Focus on keeping those that make the most sense could consolidate the seven brackets in the three. Double the standard deduction and simplify things to the point that you can do your own taxes on that a form the size of a postcard. I am here to tell you, we are going to get this done in 2017. Train to get it done. Speaker of the house paul ryan. The republican leader addressing the gops plan for an overhaul, saying dead before he has a Generation Opportunity<\/a> to do something transformational. Joining us now is the master chief equity strategist biller lando. So great to see you. Investors, do they think this will happen this year . When we had the stunning Election Results<\/a> last november, 83 of americans voted the way they did because they want to see a stronger economy, tax reform, stronger defense, better function health care system, et cetera. That was part of the early euphoria. The positive sentiment has clearly draped over the last couple months, but the average voter, the person in the middle of iowa would love to see us get this stuff done. Maria everybody wants to see this done. Brackets up 17 and the Dow Jones Industrial<\/a> average. If that is whats driving this market, or is it more fundamental than that . The positive has faded. The earnings issue in europe. Firstquarter seven or eight years, best quarter in five years. We can debate whether it was energy or Financial Services<\/a> and the improvement that have driven stocks up until this point. One of the most interesting things that came out of it is Debbie Wasserman<\/a> schultz hes an indication of what the democrats want to do and how they want to be obstructionist. Get some color and how that impacts markets. What do you think of that . I think the average voter last november with sane governments dysfunctional. What we want to see his compromise. Fiscal prudence, social responsibility. We want to get something done. Up until last weeks tragic shooting, there was this obstruction mentality in washington. Certainly on the left. The left of center sayer strategies we will dig our heels and next november if he can we can say look, theyve got nothing done. Over us. They counter strategies for republicans to get something done on health care reform, tax reform, get the economy rolling. Theyre also 1. 6 gdp last year. If by the end of next year we are tracking back towards 2. 5, 3 , republicans say look, weve doubled growth. We deserve a couple more years. Maria the odometer repeal bill is on the fast track in the senate. There is a vote that they peaked done next week. Do you think thats doable . If we were to see it followed by tax reform, how much more runway to we have docs . We are looking for 2500 s p this year. We are in the minority against expecting something would happen positively on Health Care Tax<\/a> reform. Initially we thought wed see something by the august recess. That maybe was a little optimistic the kilogram is talking about the behind the scenes quietly been making progress in the timeline is not predicted. At washington get something done otherwise theyll be economic in abysmal. So you listen to what the fed is saying and their strategy is to look at three rate hikes this year. March, june, december. As we look at the data in the fed talks about being data dependent, the core inflation data has gone the wrong way. They want to see the number at two or better. The fed is truly god, youve got to wonder whether or not another hike in the second half of the year is still on the table given the recent trend weve seen inflation. Is the federal idea dependent . The other thing is giving your thoughts on our health care attacks can be going, what sectors and styles are favorite . The first question is i dont believe its data dependent. The legacy issue is driving more of what they are doing in terms of the fact there is because weve got an optimistic view in terms of getting something done in washington. What weve been focused on is the fact areas, financials, energy, technology, sectors that do better if we could better Economic Growth<\/a>. Maria oil back into bear market territory. We are oversold at this point. Take a step back or to 40 to 60 trade range back at the 43 level right now, close to being oversold. Youve got to look at whats going on in saudi arabia and russia. They have a vested interest in getting the ipo done next year. Precious cotton election next year. They look at the price of crude higher to keep their economy out of recession. Which means weve got to get better gdp growth for republicans to reclaim or retain their majorities in the house and senate. As a result, theyve got to get Stronger Economic<\/a> growth which will drive demand. Problem of oil off. Thanks so much for your insight. Terror in the philippines. Pro isys rebels stormed a school in their holdings in its hostage this morning. How the situation will unfold. Back in a minute. Maria good wednesday morning, thank you so much for joining us. Im Maria Bartiromo<\/a>. It is wednesday june 21st, officially, the first day of summer. Happy summer. Cofounder and ceo resigned as ceo of Ridesharing Service<\/a> following investor pushback more of the shakeup at uber coming up. Karen handel bale ossoff as the party wins another race in South Carolina<\/a>, what it means for the gops agenda coming up. The commander in chief says chinaas effort to help deal with the hermit kingdom has not worked out so far. We have been very forceful in our political and economic pressure that has been applied in north carolina. I think we will continue to apply that and as i mention earlier, obviously china has played and can continue to play a greater role in help to go resolve the situation. Maria more on potential response coming up this morning. A dangerous situation in georgia to report, triggering flooding across the state. What you need to know as a flood watch remains there. Qatar, best airline in the world. What about here at home . Try before you buy. Thats what amazon saysle. Its letting certain customers try on at home before they pay for them. The newest perk coming up. Take a look at futures. Fractionally lower. Nasdaq down 16. In europe similar stories. Pressure on stocks. Ftse down a third of a percent. The dax index twothirds of 1 . Breaking news right now, isis gunmen stormed a school many the philippines, raided a village on Southern Island<\/a> overnight and got into a gun battle with troops at the school. The countrys military say that the troops drove off militants but took several hostages to cover retreats. The crisis in philippines as Belgium Police<\/a> investigate plot in brussels yesterday. Officers shot and killed a suspect who was wearing explosive belt at train station yesterday. Investigators are saying that the suspect was from morocco. Joining us right now florida congressman Lieutenant Colonel<\/a> allen west. Thank you so much for joining us. Happy summer. Maria to you. Your thoughts on whats taking place right now. We were covering the brussels story yesterday. No one was hurt there and now you have the situation unfolding in the philippines . Thats right. One of the things that the Obama Administration<\/a> did pull out special Operations Task<\/a> force that was working with the flip peen army there in the island that youre talking about and it was just three weeks ago that another one of his attacked a Catholic Church<\/a> there. Its spreading in the pacific and philippines where they have a serious problem thats going on and thats another one of the places that President Trump<\/a> is going to have to look at how we can work with Philippine Army<\/a> and eradicate this jihadist threat and let us not forget who the rebels did in russia years ago when they took over a school and they massacred little children. This is not above and beyond this heinous and savage barbarism. One of the issues im seeing right now is spread to countries that we are aligned with indonesia and sharia law is taking over and with the democrat being obstructionists is that the travel ban is met to protect us and our immigration controls because those are countries that cannot track and know who these people are. Do you think theres a situation where we can actually get the democrats to come back to the table and not be obstructionist and get protectionism for our country against threats like isis . Well, thats a very important point that you just brought up, kevin. The thing is that original list of countries came from the Obama Administration<\/a>. There was no pushback then. What we have to look at those six countries are countries that are failed state, state supporters of terrorism such as iran or countries that have the islamic jihadist president with sanctuaries so we need to be able to cut down on this and lets not forget that many incidents that we see happening in europe, this is happening because people infiltrated the refugees that came to the europe, such as the paris attack, the previous brussels attack or no telling the assailant. Maria President Trump<\/a> is tweeting this morning. Democrats will do much better as a party if they got together with republicans on health care, tax cuts, security, obstruction doesnt work. Colonel, this is from the president moments ago and this is exactly the conversation that we have been having this morning. Do you think voters will remember come 2018 when youve got the senate and Congressional Elections<\/a> next year, will they remember that the left has been trying hard to obstruct an agenda that voters voted for back in november . Well, i think its very important that thats the theme that has to be out there for the gop. You know, i was born and raised in at will nota and when you look at the congressional, nine times more support from jon ossoff came from california and other places than georgia. Are we to believe that the Democrat Party<\/a> is the party of new york and california. That is is not what the American People<\/a> want to see and what they want to have happen. They want to have Economic Growth<\/a>, they want to be safe and secure, they want to get back to work and so i would behoove the democrats to have an agenda and plan but it seems like theres only about that one word, resistance. Maria you think the victories for gop are not just local georgia South Carolina<\/a> stories, but also a story of saying to voters saying no oh obstructionism . A huge mass i have story. The results had been the other way you would hear about them in liberal media outlets. What they want to do is undermine and delegitimize President Trump<\/a> and if they had lost the gop had lost Congressional Elections<\/a> they would have used against President Trump<\/a> but we have to look and understand that this is something thats nationalized by the democrats, not about issues but trying to, you know, attack the president through these Congressional Elections<\/a>. But the republicans have got to show some type of legislative agenda a success in this year. Maria absolutely, kristin. I agree with you, the democrats are the party of no and the obstruction will probably not play well. The republicans have control of the house, senate and the white house. The republicans fail to pass anything substantial last year do you think that would be damaging next year . How do you think it will play in the elections . It will be damaging. One of the things gop leadership on capitol hill need to say, we are not going to recess, we are going to get to work for the American People<\/a> and thats why they gave us the majorities and get the legislation over to the president to be signed and make it retro active to 2017 so that we can continue to see the incredible rise that we have seen in the markets and also like i say the Economic Growth<\/a> agenda. Weve got to get our gdp growing but also we have to protect the American People<\/a> because we consistently see terrorists attacks week after week almost day by day. Maria all of that in the face of big issues here at home, you have rising tensions with north korea following the death of the 22yearold student ottm warmbier, thats drainage a year and a half and Vice President<\/a> pence slammed the country yesterday. Listen to this. The United States<\/a> of america condemns the brutality of the north korean regime as we mourn their latest victim and we deepen our administrations determination to prevent such strategies from befalling innocent people in the future. Maria and then President Trump<\/a> signaled a possible shift in strategy or policy. This is what he said yesterday in a tweet, while i greatly appreciate the efforts of president xi in china to help with north korea, it has not worked out. At least i know china tried. Colonel west, your thoughts . I dont know if china has really tried. If they wanted kim jong un to go away, they could do something about it. Kim jong un serves as a good distraction for the chinese because they continue to develop the economic silk road that goes from the middle east back to china. They continue to fortify islands with military weaponry. They have not done what is necessary to get kim jong un under control. So i think that the president needs to go back and look at the currency manipulator status and other means by which he can economically and diplomacy put threat to china. One of the things he needs to do is talk to south korean president and make sure we have support and understand that we need to be in this stand against north korea. This was a statesponsored murder of american citizen. This cannot go without a response. Maria we will leave it there. Thanks for joining us this morning. Colonel allen west joining us today. Tesla auto pilot chief taking his hands off the wheel. Chris parts way with the auto maker six months after he was hired. We will tell you about that. An award worth more than a bag of peanut. We will tell you which airlines is best ranked in a moment. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today casper makes one perfect supportive and comfortable. Premium foam layers. Breathable for airflow. Perfect rebound, plus perfect lift. Pick your size, you get 100 nights to test it out. Test the layers, be a layer, casper. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Maria welcome back, futures are pointing to a lower opening this morning. We are looking at a couple of names on the move. Shakeup at tesla. Electric car maker parted ways with chris latner, turns out that tesla isnt a good fit for me after all. We are also watching starbucks this morning. The coffee giant set to go hire 2500 refugees at european locations, the hires will take place over the next five years in eight European Countries<\/a> and part of the companys plans to hire 10,000 refugees worldwide. Starbucks shares are up 10 this year. More than 2 zen people two dozen people rescued from flooded parking lot. Cheryl rescuing 27 people near atlanta after heavy rain caused flash flooding. Intense rain filled with moisture coming from Tropical Storm<\/a> cindy. Residents are keeping a close eye on Tropical Storm<\/a>, one of the first of the season. First day of summer and theyre feeling the heat in las vegas, temps hitting 117degrees tieing the record as the southwest continues to bake. Restaurants on the streets were empty. Officials telling people dont walk dogs on the pave meant because they can burn paws. Also theres no relief. Forecast today is calling for 116degrees as the high. Okay, this brutal weather causing dozens of flights to be delayed. The problem again the smaller regional jet that is fly out of phoenix cant operate safely under hot conditions. We are keeping the rest of the numbers, eight flights delayed in phoenix today. Right now no cancelations. We will keep you posted. Lets stay for the airlines for a second. The Airline Award<\/a> and theres a new number one carrier, Qatar Airways<\/a> was named the best airline during paris air show. Yeah, they move up from number two. The survey citing excellent customer service, emirates, delta, they came in at number 32. We put them on the list anyway. All right. Amazon has announced a new program that lets customers try on their clothes at home with no obligation to purchase. You dont buy it but you still get it. Amazon new prime wardrobe allows people 3 to 15 items, only charged for the items you keep. The Service Option<\/a> only for members prime, maria, because when you order two really cute tops like i did yesterday and they didnt fit. Maria okay p. Cheryl they were final sale and if you want them, they are yours. Maria disney hitting the court with the Orlando Magic<\/a>. New deal that will have the nba players wearing the famous logo on their jerseys. Disney shares down. Back in a moment were on to you, diabetes. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. 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. Do not take cialis if you take nitrates for chest pain, or adempas\u00ae for pulmonary hypertension, as this may cause an unsafe drop in Blood Pressure<\/a>. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Maria it was a busy day of trading yesterday in the nba. Jared max with the details now. Jared, good morning. Jared hey, maria. Growing disparity between the have and the have notes in the nba. The la lakers are dreaming big. Los angeles made trade with brooklyn net that is will clear nearly 60 million off books next year so they can afford to pay an elite free agent. To do this, lakers parted way with point guard of the future russell that goes to Brooklyn Nets<\/a> and so does timothy mozgov. Lopez becomes a free agent and lakers get the first round draft pick 27th overall thursday. It was a two for tuesday. Dwight howard went on twitter, give me your thoughts, news broke that howard has been trade today Charlotte Hornets<\/a> along with pick in exchange 41st pick. Paul george now including half a dozen teams interested and knicks open to tradeing. ,the magic kick come in orlando this makes sense that the Orlando Magic<\/a> will have patches on their jerseys next season with the name disney. Eight of the nba 30 teams have deals in play to wear corporate responsors on jerseys next season. Profootball hall of famer says hes dealing with memory loss. 44 years old. He says its as a result of playing 198 nfl games, he will donate brain upon his death to the concussion legacy foundation. I just cant remember anymore like i used to. My whole thing when i started playing the game was i wanted this game to be better when i left than when i got into it. Thats the reason im donating my brain to the concussion legacy foundation. Jared too many hits to the head, only 44 years old. Again, he used to be like the elephant in the room and remembered everything and now maria so sad. Kevin he committed suicide and he did it to protect his brain and so that was a tragic situation. A legend in the area and you see rapid decline of health and specially when theyre getting into 40s. Maria so sad. Rrar jar they feel the feelings coming on and they dont know how to stop it and dave, while he was alive saying, i feel like the thoughts are taking over and he also took his life. Kevin yeah. Maria so many Football Players<\/a> come on the show, if i had to do it again, i dont know that i would. They wont let Children Play<\/a> either. You have a lot of the legends say i dont want my son to play football. Maria and then theres golf. Phil nick allson breaking with his catty. Jared one of the longest marriages. Phils brother will be catting for the rest of the season. You normally dont get between catties and golfers. Maria you have to pick your spot there. Jared mickelson one of the best devils of all time. Kevin hes done well but sometimes you need to inject fresh thoughts and flood into the game. Maria 25 years. Getting back to warren sapp, one bright spot theres a lot of injuries coming in to brain injuries and something to think about. Maria we will take a break. Thank you, jared. Still ahead, barbies boyfriend getting a makeover, why mattel is updating kens look. When this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security<\/a> helps protect business, from the largest Financial Markets<\/a> to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Maria welcome back, good wednesday. Thank you so much for joining us. Im Maria Bartiromo<\/a>, it is wednesday june 21st. Officially the first day of summer. Top stories 7 00 a. M. On the east coast. Breaking news this morning. Travis is out as ceo of uber. Whats next for uber now that its without leaders in several key roles . Democrats dealt a major blow, Republican Karen Handel<\/a> defeat jon ossoff. Republicans also holding to a key seat in South Carolina<\/a> yesterday. President s agenda front and center now. Senate majority leader set to reveal details of overhaul. Once in a generation or so, theres an opportunity to do something absolutely transformational, something that will have a truly Lasting Impact<\/a> long after you and i are gone. That moment is here. We are going to fix this nations tax code once and for all. [applause] maria without time running out on legislative calendar, we are looking at lawmakers will be able to get everything done. We will take a look at the agenda today. Oil is driving market around the world. Crude is in bear market territory, now its 53. 50 a barrel. Stocks are also lower this morning. Take a look, dow industrials slipping into positive territory moment ago. Dow industrial up 3 points and s p off of the lows nonetheless down a fraction this morning. Cac quarante in paris worst performer. In asia overnight, mixed performances. Take a look. Shanghai was up. China scores a big victory in effort to open markets to global investors. Msci index announcing that its going to be adding locally traded shares. One to have big stories of the morning. Msci including chinese local companies in that index. Fidget spinners may be harmful to your childs health, new warning on popular toys this morning. Ken getting a new look. Mat tp great to see everybody this morning. Kevin great morning. I was just saying because ken hasnt committed. Shes now venturing out and maria trying the man bun. Kevin this has been going on for years and its important for the Chinese Government<\/a> to make sure that their companies are transparent and can be included in indices. Its god for them and the economy. Domestic investors have 1. 5 allocation to china so this will increase allocation to the merging market. Maria good move. Last night, the other night the Chinese Central Bank<\/a> governor said something to the effect that the banks are too lazy, here is the chance. We will see if the market opens up. Maria we are focusing on the president s agenda. Coming up talking about that new york congressman peter king, the stars of duck dynasty is here along with his wife and Missy Robertson<\/a> as well. Plus the host of Varney Company<\/a>, Stuart Varney<\/a> is here. We start the hour with a breaking news. Major shakeup at cuber, Travis Kalanick<\/a> stepping down. We have been following the story for weeks and a uturn from last weeks announcement that travis would take leave of absence. After pumping millions of dollars into the company and seeing valuation to nearly 70 billion, the shareholder says kalanick had to go. I love uber more than anything in the world and at this difficult moment in my personal life i have accepted the request to step aside so uber can go back to building rather been distracted with another fight. Ubers board responded with statement, travis has always put uber first. By taking away he has time to heal from personal strategy while giving company to embrace new chapter, we look forward to continuing to serve him on the board. This personal tragedy kalanicks mother died in boating accident. Uber recently fired more than 20 employees after an investigation into the companys and vow today make major changes in the workplace. Just yesterday the Company Announced<\/a> 180 days of change to improve drivers condition, first order of business allow customers to tip, competitor lyft to collect the tip. Uber has been opposed to adding tipping feature despite argument that will compensate for decreasing wages. Riders will see the change nationwide by tend of july, big overhaul here. Maria i guess we have been covering for weeks now. Michael, a lot of people say that the ouster was a Long Time Coming<\/a> of kalanick. Great innovator and uber has been disruptor. We talked about technology is also been gamechanging. The interface is user friendly and affected the Software Industry<\/a> and app industry. In any event, do i think the culture need today clean up. Investors were revolting. This was a public company. We would have heard even more about this but investors for pushing for this. The question is who wants to parachute into the hornets nest now . Maria the end of car ownership. You know, we talked about what what mark had said in the past and thats in the future there are going to be four car companies, apple, uber, google and tesla. Sit the end of car ownership . Kevin i think the most important thing we dont misout of the situation with uber is they need more money. The investors dictated the terms. He needed to be out. We said it for weeks. Hes got to be fired. Hes got to go before they can raise another dime. They are burning cash and so why would you invest in the company if hes still there. You dont want to have good money going after bad so this was needed and necessary. There were talks about 50 billion in terms of raises. Maria 70 billion. 70billion. Everyone laughed. This is a problem. Maria will they go public next year . Kevin theyll need a cfo. Theyll go public when they hire cfo because they will lead them through transition. They have a lot of leadership positions they need to fill and they need to rebound. Ceo board of directors, they need a lot. He is. Maria lets talk to the other hot story this morning, the hotly contested georgia election. Special election kristin. Republican karen handel defeated jon ossoff, fox news jonathan is covering the story. Hes in atlanta right now. Good morning to you. Millions and millions of dollars, the most expensive house race in history and ended up maintaining the status quo. In the end georgia district will remain in republican control. Karen handel defeated jon ossoff and even anonymous threats against both candidates. Listen. In these United States<\/a> of america no one, no one should ever feel their life threatened over political beliefs and position and i say that, ladies and gentlemen, in regards to both sides of the political aisle. We show them that we can still build coalitions of people who may not see eye to eye on everything but rather than demonizing each other, we find Common Ground<\/a> to move forward and thats the only way the country will move forward. Ossoff30yearold domentary film maker and congressional staffer raised millions of dollars most coming out out of state donors but in the district he pivoted reaching to the center with promises to cut government waste. He had the resources to get his message across but did not necessarily resinate with voters at least not enough to get elected. Money doesnt buy a race. Democrats spent more than 30 million to try to flip the sixth district and jon ossoff didnt even improve on Hillary Clinton<\/a>s number and she barely spent a dime in the district. Take a look at this. Overnight President Trump<\/a> boosted of the resulted. Well, the special elections are over and those that want to make America Great<\/a> again are five and 0, all the fake news, all the money spent equals zero. Many had been viewing georgia sixth district election as an early refer tomb on the trump administration. Maria. Maria all right, jonathan, christian, what do you think this means for the democrats here . For the gop this is a big morale booster. They needed a victory. Democrats are really going to figure out how to turn out base moving into next year. Its a big problem for them but i also think we cant discount the medias role in these special elections. You know, the media, theyve been fla grantly bias, most of the mainstream outlets including print and television. The more the media shows bias the more angry trumps base and conservatives and makes them get out and go to polls. Conservatives may not be out protesting like the left but they do turn out to polls and they vote. Kevin they the problem is how are they going to fill the vacuum. They need to figure out how they are going to attack 2018. This is an indication of things to come. 50 and they have no clear messaging other than obstruct. Work with republicans, get a Good Health Care<\/a> bill whether its existing or new, whatever it is, thats going to speak to their base. Everyone is tired of it and the voters are showing it. Maria i dont know how they get away with just obstruction with no real agenda. Kevin republicans did that for barack obama. They are trying to use the same play book. Maria time line for tax return. Revealing ambitious tax plan. Barbies bo getting a new makeover. Aimed at reversing a sale slump. Back in a minute. Maria welcome back, the fight for tax reform, House Speaker<\/a> paul rye yain calling for tax overhaul before the association of manufacturers yesterday saying temporary reform is not enough. Watch. Every expert that temporary reforms will only have a negligable. Im here to tell you, we are going to get this done in 2017. Maria the speaker did not lay out specific numbers in relation to reform but he said this, tax reform is desperately needed and it will be a unified house, senate and white house effort. He says it will start with individual tax reform before focusing on businesses and that he hopes the bill will be done before thanksgiving so taxpayers will have a clear sense of the new system going into 2018, ryan also stressed reform will take perseverance. Joining us right now grover. The white house is looking to pass bill by september. Good morning to you. Give us your reaction to ryans plan to overhaul the tax system and what you heard yesterday. Ryans talk was extremely important but with the victories in Georgia Special<\/a> election and South Carolina<\/a> special election there was a huge exclamation mark on the speech because ryan said this is what we are going to do and right behind him was the political strength to help that easier to do. The white house as you point out came in and not only said yes, we are going to do it this year, but we will do it in september. What ryan did point out that if the house, the senate and the white house are all needing as we continue to work on health care and all the other issues and all the distractions, they are meeting regularly, they are going to come up with a yien fied plan, not a house plan, a senate plan and white house plan and months more of negotiation. We are prenegotiating a white house, senate position, the corporate rate comes down dramatically, he didnt say 15 or 20 but dramatically. Subchapter s and Small Businesses<\/a> and companies and he talked about making permanent. I think he outline what had we understood to be the outlines of any agreement and he made it clear that this year and the house, senate its not like here is my plan, i hope everyone likes it. Its our plan and its coming together. Maria when you say here is our plan, our plan is also including a border adjustment tax that we didnt hear anything about yesterday. I agree with you, definitely the tone seems to be changing. Yesterday mark meadows came on Fox Business Network<\/a> said that we are going get this done, the head of the Freedom Caucus<\/a> which has been the pushback on health care, so it seems like theres a lot of coleasing going on and a lot of Common Ground<\/a> but what about the opposition to ryans plan to the border adjustment tax . Well, if you the border adjustability of the Corporate Income<\/a> tax is one of the areas where retailers and others have been very much opposed and has supporters and manufacturing and it could end up as part of the final plan, i think if you deconstruct the house plan and then put it back together again with senate and white house input, it could go either way on the border adjustability. Its not inside the circle of things that are definitely going nob the plan, what ryan did say, though, is he needs permanent and materialtorialty and made it easier. Maybe other ways to do it but hes looking for it and i think the markets are looking for the territory. You talked about the house and Senate Working<\/a> together. We are watching together as the Health Care Bill<\/a>, the house passed a bill that senate deemed unacceptable. What tax cut is going to be different . What are they doing differently . Every largely every republican are for tax cuts, its not that i dont want to cut the tax, can i fit the tax cut in to something that fits within the structures that the house and the senate have and their rules about making it permanent, about making it deficit neutral and 11 and out and 26 and out. The other part is the entire Business Community<\/a> on wanting rates down dramatically, the Republican Coalition<\/a> wants the debt tax and the doubling on personal exemption. Theres a Tremendous Positive<\/a> pressure support for all the major pieces of tax reduction. Some of the pay fors, those are not necessarily consensus issues. They are not popular. Maria right. Theres agreement on the direction theyre going and if youre a republican congressman, you want one year of strong Economic Growth<\/a> going into 2018 house and senate races, theres a timetable, get this done and make it progrowth, the most important thing you can do if you want to get yourself reelected. Maria all the way to 25 . They came back to 20. Maria i thought they agreed on 22 . Even though you have all the differences and differences on deductions, do you think they are going to come together and get something done in 2017, real quick, grover . Absolutely. They are meeting regularly at the top levels weekly and theyre moving in the right direction. Maria grover, thank you so much. Thank you. Maria oil tumbling into bear market territory. Efforts to rebalance the market next. We are checking out oil and implications and the latest toy craze may be a danger to kids. Why fidget spinners lands in the list of unsafe toys. Back in a minute. Here comes the fun with seadoo starting at just 5,299 and up to 500 rebate visit seadoo. Com today upbeat electronic music im living that yacht life life, life top speed, fifty knots life on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahoghany gany, gany, gany, gany watch this maria welcome back, oil has entered bear market territory, down 10 . Phil flynn. Phil, oversupply weighing on the market and we look at tau bear market when something has fallen 20 from the high and thats whats happened with oil. It has in just a very short period of time since the last opec meeting and we are not only getting into bear market territory but dangerous territory not only for u. S. Shell producers but global economy. When we are seeing prices fall like they have dramatically in such a short period of time its raising warning flags about the economy. Its really raising warning flags for u. S. Shell producers that are, you know, conspiring to drive the prices lower by raising production but already with this price drop we are seeing signs of u. S. Shell producers are having to pull back. U. S. Production is falling far short of expectation of increases in the rigs that theyve been put into the ground like crazy are not being completelied. That means they are not bringing oil to the market and really makes you wonder. You have a political slakeup in saudi arabia. You have Tropical Storm<\/a> cindy going into refinery oil and oil cant muster a rally. That shows how bad the sentiment is in the market right now. Kevin im glad you brought up oil rigs, we have seen consistent increase in oil rigs. They can pull out a barrel of oil, 20, 25 a barrel. We are an exporter nation, over 1 millionbarrels per day are leaving this country and going out which happened started last year. Dont you think thats one of the biggest overhangs is that we are now Energy Independent<\/a> we can get oil in some cases 20 to 30 a barrel, we can export it out, isnt this an overall good thing for our economy . Every other sector benefits from lower energy costs, are shell producers are adjusting to the new to the new dine am nick the marketplace, what is your take on this . Isnt this a good thing for the u. S. Not only the producers but also the consumers . I think overall its a good thing but in the shortterm we have to learn how to moderate prices better and moderate production because we are going put ourselves out of business. You know, we have to learn from the opec cartel a little bit to be a moderator. I really question the 25dollar number in specially when you look at much higher level. The thing to remember is you talk about the rigs we added. They started adding 14, 15 weeks ago. Thats when the price of oil was 10 higher. They are not doing that. Maria we will be watching. Down 20 from the high in february. Down 60 from the alltime high of 115 a barrel of oil. I remember those days. Phil, good to see you. Phil flynn joining us. The head of the russia election meddling probe in the hot seat, Robert Mueller<\/a> set to meet with senators a day after talking to intel committee, judge Andrew Napolitano<\/a> joins us. The upcoming man solo star wars spinoff loses its directors, what it means for the future of the wildly popular franchise back in a moment. Maria thank you so much for joining us. It is wednesday june 21. The first day of summer. 7 30 a. M. On the east coast. The cofounder resigned. What the shakeup means for Silicon Valley<\/a> and huber. For the Georgia House<\/a> seat. They also won another race in South Carolina<\/a>. What it means for the agenda coming up. His meeting with house in talcum with the house meeting. An uncertain future for the country. With the best possible deals. They are committed to working with parliament. Business and others to build the possible consensus. More on the United Kingdom<\/a> pending exit. Mark market this morning under some sally pressure. Fractional moves here. Down a quarter of a as is the nasdaq. Declines across the board. They are down 1 . In asia overnight mixed performance is a big story out of china. The composite was up one half of 1 . The slogan still good at local Chinese Companies<\/a> to that index. As the hottest kids toy on the market also dangerous. What parents need to know is the safety of fidget spinners is now questioned. Weeks into the filming. The major setback in the galaxy far far away. A special counsel is set to meet with top members of the Senate Judiciary<\/a> committee today. Including committee chairman. It comes just a day after they met with the leaders of the russian probe. Judge, good to see. Either any fireworks expected here. We have two coequal branches. The special prosecutor and the Justice Department<\/a>. Then they dont want to step on each other. They have the upper hand. To the extent that they are all looking at the same thing. They want the same document at the same time. I think they are probably discussing an orderly means of communication. Some people up and really critical. Heres what he said and why hes questioning the investigations impartiality. See mick the first one is all people they gave the democrats. With the Justice Department<\/a> with the 97 went to hillary. Is there merit in that. Prosecutors are not neutral. I see this differently than he does. You are never cannot find a prosecutor as neutral as the judge. They are defending the constitution. That was attached at the hip. He was a start witness against trump. Do you think they think its kind of crossing the line. I have a lot of issues with the idea. Within the government that is free to do what it wants. It is a good one a lot of people are concerned about this. They develop relationships with them. They can vouch for the credibility. He has his got to testify later today. This is after meeting behind closed doors. Jobs is that a candidate claiming that the election was rigged as his reason for going public with the Russian Election<\/a> hacking claim is he opening up the Obama Administration<\/a>. It is subject to a tremendous criticism including the potential criminal investigation. Based on the allegations by james coming. Im going to guess that there is more there. That is for the Justice Department<\/a>. I dont know what jeh johnson is going to say but i dont think its gonna be good for the Obama Administration<\/a>. That screams obstruction. Can we talk about susan rice on masking everything. Does the last six months of this administration is tripping and setting that there. There are six investigations of the president of the United States<\/a>. Of course it could be. All of this started when susan rice im assuming it was shea. Unmask a conversation surveilled by the nsa between general flynn and ambassador kinsley. Thats a start at the cascade. Thats a start at the cascade. Im susan rice. I will raise your Blood Pressure<\/a> even more. In the obama vault in preparation they were secured for five years. The president has the authority to do that. But they can to subpoena that. Or send lawyers to a court to say why he shouldnt had to apply with that. Then there is more. Listen to this. Fox news has learned that the state department has opened a formal inquiry into whether the former secretary of state mishandled classified information during her time in office. And despite that investigation she is under investigation in clinton and her staffers still have security clearance. They get updates in the sensitive government information regularly. She still has a security clearance. When james comey held his Infamous Press<\/a> conference insane or not going to indict her. Here is all of the evidence we found against her. What she articulated his solid grounds to strip her of her security clearance. Was he waiting for. What does she need. The problem is youve got a state department that has career bureaucrats. I think that is part of the issue. It is a decision that could be made by the president. The evidence of Hillary Clinton<\/a>s your to maintain state secrets is so overwhelmingly against her in the view its not enough to prosecute. Everybodys view has looked at it. Anyone else would i have that. It is a precedent that secretaries of state keep the security clearances they can and from time to time give advice into their successors but there is no pressure for them to have been determined to miss use. To set up the new foundation. How long do you say that its typical that they hold onto clearance. I dont know what the answer to that is. To raise your Blood Pressure<\/a>. Dont be surprised if Henry Kissinger<\/a> still has his. Extremely careless. Nothing. We will be watching that one. As the uk prepares to leave the european union. The exit of the european union. Check this out. The new toy hitting shelves. I use whats already inside me to reach my goals. So i liked when my doctor told me i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member<\/a> has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. Queen elizabeth ii outlining the legislative program. So no carriage or calvary and toe. She delivered a somber speech at the state opening of parliament this morning. Her words mostly addressing the plan to lead the european union. The bill will be introduced to appeal the european communities act. This is complemented made it to make sure that they make the success of brexit establishing new national policies. The queen we should say carried on with royal duties and despite the announcement that they had been hospitalized. Prince philip was admitted to the hospital as a precaution for treatment of a infection. Shes 86 years old. We should also add that the queens speech did not mention the planned plant state visit of President Trump<\/a>. In headlines this morning. Consumer Watchdog Group<\/a> the wildly popular spinners that these things are unsafe for kids. They tested the toys which came from china and found that parts could fall off and pose a possible choking hazard. They Conference Get<\/a> a ton of the sinks. And they plan to crush them. It is holding a press conference later today. Barbies boyfriend can is having a midlife crisis. They are now coming in slim and broad body types. Seven different skin tones. He has nine different hairstyles. You have him with a man a bun. He doesnt need to keep up with barbie. Thats what we talked about. The sales turned around. I am looking for a barbie can wedding. There is a ken doll. I just noticed that there. [ indistinct chatter ] [ intense music playing ] its here, but its going by fast. The opportunity of the year is back the mercedesbenz summer event. Get to your dealer today for incredible onceaseason offers, and start firing up those grilles. Lease the e300 for 569 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual<\/a> wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you\u2122 Liberty Mutual<\/a> insurance. The next film off of disney. Reportedly in trouble. They have started to film in february. We are not fans of the phrase creative differences. We are really proud of the worldclass work of our cast and crew. They also issued a statement saying this. They are talented filmmakers who have assembled at an incredible cast and crew but its become clear that we have different creative visions on this film. This is a big deal. This is a really important franchise. You see it driving revenues. A lot of where the company is going especially because they are having problems. There are micro managing and seeing unfocused if you dont fall in that line you were gone. Hollywood embraces that. That is not so. When you work at disney its like you are telling our line. It recovered from the whole cord cutting issue. It will be a big challenge. Im hoping that it is for these guys sake. Look at it. Its been pushed aside itself. There is a lot of creative differences. The first film that he came out with. A new episode of the animated show. Im wondering if which storyline they follow. They are actually making this really interactive. Obviously netflix is on fire. Netflix was spending too much money on content. You can reel off at the names. They are creating their own groundbreaking content. We can look at this from education sampling and say thats great. This is where the money is. This is where the content is coming from. Its most important to recognize that the market follows the leader. This is them dictating terms of the market and people adhere to that. They are not doing live video. To going down this type of path. Sports is dominated the majors. You know the netflix and amazon it will live stream of the nfl. Theyre trying to get the cash cow which is sports. Will see how that goes. No, it worked. Its working. Especially this interactive thing. I can picture horror movies and adventure. They have changed the way we consume content. And they could be disrupting it here with here with this kind of move. If you are choosing your different path. Huber is a surgeon for searching for someone new to take the wheel. Uber is looking for someone new to take the wheel. We will look at who wont take will take his place. Weissmann weissmann. Good wednesday morning thanks so much skwore for joining us. Im Maria Bartiromo<\/a> wednesday, june 21 234rish8 the first day of summer, happy summer where our top stories 7 00 a. M. On the east coast we have breaking news this morning, travis resigns as uber ceo investors pushing him out what it means for the Service Coming<\/a> up a blow to democrats with republican win republicans hold on to two key congressional seats in yesterday why elections karen handel peat out ossoff most and have house race President Trump<\/a> to iowa for a Campaign Rally<\/a> agenda in focus. This as Congress Works<\/a> on reform focusing on health care paul ryan laid out priertsdz for tax overhaul saying it will jumpstart Economic Growth<\/a>. You fixed this junker killer of a tax code, you get regulatory system in a good place, there is no stopping this country. Maria time running out on legislative calendar we are taking a look where lawmakers will be able to get everything done no time, this year. Ford modifying jobs moves jobs to china, stock plummeted oil driving action around the World Crude Oil<\/a> sliding into bear market territory bring attention to one report, this is from global they are down graikd a number of Oil Companies<\/a> and oil drillers they are basically talking about a relentless production coming into u. S. Of oil, expecting oil prices to go down. This firm he focuses on Energy Report<\/a> negative. Take a look at stocks, trading lower as oil prices have moved lower stocks have followed suit i dont sayiosh dow industrials down 1 points nasdaq down 12 points in europe declines across the board the cac quarante in paris down almost 1 dax in german down one half 1 in asia overnight mixed performance china victory in effort to open markets to global investors, the index msci announcing planning to add locally traded shares to markets index, local Chinese Companies<\/a> will be part of that index now incredible rescue on camera two adults elephants, save a calf going into a pool, watch this is. And the calf saved. That is sweet picture, that is amazing. Weve got that coming up and more. This morning. Plus newest car making a debut fox news lifting test track with 450,000 dollar ride, all those coming up to talk about it author of government gone wild is here Market Strategist<\/a> kevin kevin here Rhino Trading<\/a> partners michael block with us. Can i interpret that that is a Republican Party<\/a> trying to satisfactory this country and economy baby calf trying to grow trying to save it paul ryan laying out tax [laughter] yes, exactly. That is very apropos joining the conference peter lining with us stars of duck dynasty is here with his wife president of hurry Company Going<\/a> to show jewelry line host of Varney Company<\/a> Stuart Varney<\/a> will weigh in stay right there we kick off right now, with this, President Trump<\/a> is headed to the heart landed in iowa today, to promote the administrations technology jaevend and hold a Campaign Style<\/a> rally, on capitol hill trump agenda moving forward senate to reveal a health care draft tomorrow, paul ryan said yesterday tax reform is next blake burman. Reporter th trump stop at official duties will will highlight agricultural innovation then on to one signature Campaign Style<\/a> rally, in the Hawkeye State<\/a> before the president , though leaves washington to head to iowa two major issues still continue to hang over washington that being tax reform and health care on the former yesterday here in washington, the House Speaker<\/a> paul ryan sort of laid out republican wish list talked about reducing number of brackets to three ending atm, ending death tax made this bold prediction right here listen. I know naysayers in full force i am here to tell you, we are going to get this done in 2017. As relates to health care over in Senate Mcconnell<\/a> plans to put foshth what he is calling a quote discussion draft, on the Obamacare Repeal<\/a> and replace as relates in senate as soon as tomorrow with potentially being a vote in the senate, at some point next week. However there have been complaints even from republicans, that whatever is happening over there in senate is done with the utmost secrecy measure could youcy seen as he potential swing vote asked reporters to following said quote do you he know what the Health Care Bill<\/a> looks like . Because i dont. Mar this morning the president hit on both issues, and somewhat of a tweet a democrats would do much better if they got together with republicans on Health Care Tax<\/a> cuts security, the president writes obstruction doesnt work. Back to you. Maria that is the truth, that is what we want to figure out if it is going to work going into the 2018 election, whether there is an indicator of that, or just a local situation, we are watching, joining us right now new york congressman member intelligence Homeland Security<\/a> Committee Peter<\/a> keeping twhau do you think victories in georgia South Carolina<\/a> are telling us do you think into 2018 election voters are going to be upset but left seems stopping any efforts for the gop to get the agenda passed . Devastating to democrats, over last seven months no one gotten worse media coveramore things againstm than President Trump<\/a> less than 2 last enforce last night karen handel won 4x4 points people fed up with democrats attacking the attacking the president send a signal to the the president not to react to negative publishes go forward dont bother tweeting go with program, American People<\/a> want to give him a chance to get the job zone they are not accepting the negative campaigning of nancy pelosi and democrats. K you get job done lawmakers have 33 working days this fiscal year will congress be able to Pass Health Care<\/a> reform repeal and replace as well as tax reform. Tremendous amount of work being done the fact is you have to get a consensus you have very competing issues i think we will. There is going to be again to require each more work going on ways and means as worked on this extensively with speaker any number of proposals put forward and, again, you have to get 218 votes in house, at least 51 in senate again, it is at a democracy as we go across country especially with different regional interests we have to get it done that is our job. We showed a graphic from senator measurekowski, moving parts to be granted, now, we are talking about the democrats how not being helpful what if they reached across the ill he aisle saying lets Work Together<\/a> get things done, what would your response be how would this look how would this work. I wish we could do that to be honest with you i think what makes it difficult even in health care, or tax reform dealing 51 votes you have to make exclusively republican bill sometimes provisions in there i think counterproductive if we could he honest negotiations honest talk could you get 60 votes a solid majority not house i think democrats are under orders not to work with republicans no matter what they cant be seen as having think connection to President Trump<\/a>. They try to demonize us basically republicans forced to do it on their own but i think you find senators like joe manchin, him in particular a number of democrats in the house i think could work with republicans, right now i just dont see that on the table. Congressman this is kristen if republicans are unable to get tax reform done this year do you think there is any hope of anything meaningful being passed next year 2018 during an Election Year<\/a> or is 2017 a make it orbreak it year . And if you are unable to get that through what are you going to tell voters next year why should they vote for republicans if you cant get this done . One answer to that would be at least we stopped democrats from their progressive tax having said that we have to do more than be negative we have to do what we can to get it done again i think much more helpful if you get it done 2017, discuss a experience last 10, 20 years show very little gets done in an Election Year<\/a>, because people are campaigning from january 1 on, and you have primaries all through spring, so as a fact of life that if you are going to get it done it is a lot better if you can get it done in 2017 doesnt mean you give up 2018 but it is as paul ryan why emphasizing so much 2017 because that makes it not but less difficult if you get it done dont you see this as critical given the fact that what your competitors are saying, you know your colleagues on the left basically are trying to obstruct and agenda get nothing done this year, so that they can take the house, in 2018. How worried are you about losing the House Majority<\/a>. Well you always have to be concerned, i think again, the four special elections especially georgia, people are not applying the enact argument at least i understand the argument o democrats are trying to obstruct us voters furnished against that, so this gives us the opportunity to do what we have to do, not worry about i know democrat obstruction we have to work around that through it do what we have to do get it democracy tough business competing interests. I want to talk about north korea you are house intelligence how do you think would he should respond is to what happened american as i said murdered by them what are you and rest of your congressman on committee think we should do in response how do we handle north korea right now. We will be discussing it by nature of Intelligence Committee<\/a> want discuss what goes on on that committee my own personal belief just being a member of congress parity from Intelligence Committee<\/a> is that action has to be taken whether stronger or economic sanctions, more pusher on china also Something Else<\/a> that we can do, and, to send clear is that will without getting into specifics, i think we should do it, we cannot allow Something Like<\/a> this to happen this was flagrant murder horrible abuse of power by outlaw regime, signal has to be sent will not be toll rated we have not as many weapons in arsenal against north korea such an isolated society poor having said that there are things we can do we let me turn to the allegations of the russians meddling in u. S. Election jeh johnson is going to testify publicly today before house Intelligence Committee<\/a> your committee he is slated to give a prepped statement says in 2016 russian government at direction of Vladimir Putin<\/a> himself orchestrated cyberattacks for purpose of fluffing our election plain and simply mueller conducting investigation meeting with Committee Members<\/a> today yesterday he had met with house temptation members what can you tell us about that meeting. First of all, let me say jeh johnson i have great regard for him i though i going to say Democratic National<\/a> committee basically refused help from fbi Homeland Security<\/a> as far as protecting themselves there is no doubt russia did try to interfere so far absolutely no evidence i am away of showing any collusion with Trump Campaign<\/a> that Trump Campaign<\/a> was involved with russians that to me totally phony issue maybe somebody is coming up up to now nothing on that that i am away of. Why still doing haeshgs isnt it try hearings are taking a oxygen out of the room a instead of focus being on agenda Getting Health Care<\/a> and tax reform why all hearings if august noise you havent got evidence why do you keep doing it. You have a criminal investigation going on American People<\/a> you have to resolve it sometimes you have to do things you dont want to do if we do have hearings have to be emphatic pointing out so far there is nothing there but, again, you have to considering the fact that the fbi and special counsel with Investigation Congress<\/a> sant be silent sit on sidelines, also you have to be there to protect make sure that the investigations being conducted properly special counsel doesnt go off on his own. Maria i know you are looking at tax package that the house put forth president had ideas what is the most problematic elimination deduction for you . We want to really drill down where the issues are in terms of tax reform to see if Common Ground<\/a> here what is the Biggest Issue<\/a> for you in terms of deductions . He elimination property Tax Deduction<\/a> almost all homes in my district middle and lower income homes people on 50, 6500 homes their asset is home paying property taxes between 12 and 15,000 dollars not property tax and state income tax that could be devastate to go people in my district. If you lower k income taxes doesnt that off society. It would put long island disadvantage visavis rest of the country cant afford that. Thank you for joining us there we will be right back. Mu. I upset for uber ceo steps down have aned in resignation last night after shareholder revolt of following several recent scandals he had been on leave of absence as reported by New York Times<\/a> have exit hours after five largest shareholders demanded that he resign immediately, they argued the Company Needs<\/a> to change in leadership he said i love uber more than anything in the world difficult moment in personal life, i have accepted their investors request to step aside so uber can go back to building rather than being distracted with another fight, the move leaves San Francisco<\/a> startup valued at 70 billion dollars without a ceo, a cfo and coo, serious jobs, that speculation was that they were going public, obviously no Public Offering<\/a> without ceo cfo, coo. I mean they consistently had scandal after scandal after scandal one of them was going after drivers doing wouldnt after journalists hired pi to follow them around, had consistent problems so they needed a change of leadership and weve touched base on this time and throughout this entire show is that they needed to get rid of him in order to raise more capital they are in a capital intensive business they have to raise more, investors forced them out, so it was only matter of time we talked about it, and especially because, they also have a sexism issue pervasive throughout the culture, so youve got it starts with topdown situation with travis leave it there, adios mu chacho they are in a competitive environment taking market sharper. Trying to turn around the image around also announcing that it is going to be adding a tipping option, to the Ride Hailing Service<\/a> making rides more expensive, he opposed the tipping option what do you think. Others have tipping options. If you use uber lyft to award driver years to do so he fine adding more features the more options better than less the way i look at it. In stock market for growth have world in hands but slipping bay because of issues may be now can fix it. Important thing i quick is that they are in a giant legal battle, with googles acquisition o over autonomous driving hired a guy took trade secrets from google that is a big situation, and big fight they are coming with, you look at the list of investors nots happy about that situation yes . Exactly. You name it. These Management Issues<\/a> i think people are going to keep using uber, not going to stop, and if it gets bad enough competition will fill in step up fill up that void, but i think bottom line the cab industry is dead. Cab industry what about the car industry what about the future of cars . The journal story today end of car ownership the wall street journal insert today a lot of changes coming. I want a car to drive me around. Coming up ford took mexico in rear view mirror shifting small car production to china snead of south video check out, elephants rushing to ask you a drowning calf. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today thithis is the new new york. E . Think again. 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<\/a> to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov greens agreeing to settle lawsuit cheryl on details. Cheryl this is just crossing this news maria, according to sources says it reached an agreement to settle a lawsuit by walgreens alleged they breached the Company Contract<\/a> with a we know it looks like could be a lot less, than what the original lawsuit was for. But, again, we are just getting that breaking news, on walgreens more details as we can that is breaking news there, also, following news overseas for you this morning, a major shakeup in the Saudi Arabian<\/a> role family surprise move by king promoted to crown prince the next ruler of kingdom cousin has been relieved of post muhammad becoming due process Prime Minister<\/a> keeping biographical as a surprise with kingdom iran is engaging in air war in yemen. All right news on ford shifting focus to china literally, the automaker moving production next generation focus from michigan over to china. Last year ford canceled plans after being criticized by president ford says to china can save a billion dollars if it makes this move, finally two quick thinking he will infancy come to rescue of one of their own video has gone viral a baby calf that falls into the water this is the zoo in south korea watch two adults bring into action rush over, they reach calf guide calf to safety and you can see in background a little bit a third elephant is pacing around the enclosure upset, efficientlies say all oofficial say all are doing fine a humanity element that they are protecting their young one. Beautiful i love it say video of the day for sure. Glad they save calf. Kalanick looks like mother theresa i cant wait for company to shut down peels lives at risk with false testing this is another thing walgreens trying to get out of the way severe ties. The wall street journal has done incredible reporting they broke the story of the fraud going on there. Have a point maybe uber isnt there have been incidents to question that this is a cautionary tale for uber investors and board. Look at people on the bored Henry Kissinger<\/a>, really smart you know, informed people went on that board they didnt have anything to do with the medical industry. One of the biggest problems is because she grew up with fishers daughter one of the biggest Venture Capital<\/a> firms people threw money at it biggest did an investment because she wouldnt show results because there werent any a calling your attentionry tale john look up on the wall street journal did some of the best Investigative Journalism<\/a> on it i am so sad he didnt win pulitzer prize. Buildings a dines to me, stars of duck dynasty joining us, amazon opens closest to customers retailer dealing another blow to brick and mortar. Back in a minute. You got were on to you, diabetes. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. For joining us. Im Maria Bartiromo<\/a>, it is wednesday, june 21, about initially first day of center happy summer top stories 8 30 on the east coast Travis Kalanick<\/a> out resigned as ceo of Ridesharing Service<\/a> following bash lash pushback more on Silicon Valley<\/a> shake up coming up more wins from gop karen handel beat out jon ossoff for dpa house seat in yesterdays election. I stand before you, extraordinarily humbled and honored at tremendous privilege and high responsibility that you and the people introduce 6th district have given to me to represent you in the United States<\/a> house of representatives. [cheers and applause] so that republicans won another in South Carolina<\/a> what it means for gop agenda coming up rock legend bono honest congressman Steve Scalise<\/a> sweetest thing he did onstage coming up. And try before you buy ahmanson lets customers try on clothes at home, of about they pay for them perk for prime members oil driving activity around the world crude sliding into bear market territory, big report this morning coming out of Seaport Global<\/a> downgrading a number of oil stocks, 40 dollars long term, oil right now at 4369, stocks have been under pressure by a fraction, although things have turned around looks more a mixed opening dow industrials expected to be up 2 points at open scalise down 1 1 2 nasdaq up 6, this is a lot better, than what we saw earlier in the program. So markets are turning a little bit more positive to look at european indices in the negative column all morning, they too off lows continental down half a cent on cac quarante in a paris, a third of a percent lower in germany and dax and half percent lower in london on ft, in asia overnight, markets closed mixed saws there china market the winner up one half of 1 start your engines we hit gaps lamborghinis 450,000 dollar luxury ride, just ahead. First this louisiana congressman Steve Scalise<\/a> posting a video of yu 2 front man bono giving him a shoutout last night in maryland, watch. In the we are so grateful congressman scalise made it through. This coming after congressman was shot by a gunman who opened fire during the gop baseball practice last week, by the way, Steve Scalise<\/a> we are told in serious condition, that is better than just a week ago in critical condition, we will update you there, want to bring in stars of duck dynasty with me this morning great to see you both, thank you for joining us i want to talk about your jewelry line your business what is your take congressman scalise represents your district, what is your take on all of this that has transpired. It is sad to see Something Like<\/a> whole state rallied behind Steve Scalise<\/a>, he is a big lsu fan lsu in College World<\/a> too, right now he tweeted out that he was watching the game, but it is sad to see you know there is is this many people in the world, and there is a few crazy or evil enough to do something stupid like that but nice to see everyone rally together just hate that it takes Something Like<\/a> that. Maria the election and after election seems like people some people who didnt vote for donald trump are just not understanding he is the president even celebrities look what you saw the other day, with the Kathy Griffin<\/a> the head holding. Not something you want children to see grow up seeing i go back to kindergarten rules whatever you are going to do you learn in kindergarten very young age to share let someone else go first understand that there are winners and losers, here we are as adults, you know not understanding that role again and choosing to let our children watch this, and talk about this in in a negative way, to get them pufrmped up about it against principles in Middle America<\/a> treating others with kindness that is not happening here like in washington i have been asking all morning i wonder if voters are going to hold democrats to account in other words, the election next year, in 2018 a number of seats are going to be up, and there is worries the House Majority<\/a> goes to the democrats, will voters react to the obstructionism the fact that lowest is their goal is to not get President Trump<\/a>s agenda through . Seems like they are being delusional, and the polling, the numbers whoever is doing these polls they obviously need to be fired [laughter] because said trump not going to win, last night you snow she doesnt have a chance it is over you look up, hey there is a hidden vote here. Missing what the public is feeling. Yeah i believe that. Out of touch we hear you are back to having extreme makeover are you going to shave that beard. I think i am going to shave the beard. Depends on Community Fans<\/a> people we set a goal 100,000 dollars to raise money for Daughters Foundation<\/a> to help children, if we raise 100,000 dollars that is coming off. Please you want him looking for clean cut. I really am the one i medica married. Used to shave once a year before duck dynasty every year as a gift. During hunt season all guys would lets be man go hunt not shave, let hair grow out then we would have one big haircut and shave she said it was only way she could have an affair with her husband dont recognize me. The last time i shaved my daughter saw me just busted out balling scared her she didnt recognize me so now here we are almost, what seven years later she is trying to talk me into into doing this for kids like her we are going to give 100 of the money to these kids that. Great idea what reception have you gotten so far. 5050, i starting teasing it adamant one way or the other kind of fun to see that beard was trademark of the show, so why not do what we can, rave money for a great cause, and just and use this money make it right there. I love it. Summertime louisiana is rough, beard long hair it is tough. Especially with temperatures it is hot out. Brutal. You going to feel lighter once you shave we are watching waiting such a great cause so thanks for doing that lets talk about your new business, you have a jewelry line weve got pieces on set right here. These pieces are designed by laminie mississippi robinson, skills training jobs shelter, for women from the west monroe area tell us about it. We starting a year ago we just saw this need in the community of basically women just trying to raise their children on their own o whove had very difficult pasts some of them, of course, they chose bad choices also some of these were chosen for them at very young age i am talking about basically drugs and opioids very, very young age would get hooked on those even from their parents, weve had some heart he wrenching stories graphic in nature they have turned lives around in terms of trying to make a difference not just for themselves but also for future generations starting with their own children they need a skill, and because they haveing convictions, it is hard for them to get a job because companies dont want to take that risk obviously. But they also cant get Affordable Housing<\/a> paying really high rent, right, and then no skilled jobs, so it is just they find themselves right back out within a year, usually, under the same drug addiction because they just cant seem to find the hope to get out of it, so hopefully right now providing them with skills, with safe place to work with a paycheck, with personally weve got a house for some of them that they are living in, that their paying very small amount just to cover basically the cost of utilities, and it is helping them get back on their feet. Maria for sure, they most love it a skill that they probably have learned about, and now they can say i make jewelry. A skill probably didnt know they had, because they are so creative all the women the ones designing all of this, so, yeah, so they are proud of them im very proud of them. One of the pieces you brought the necklace tell us about 24 piece what it is made out of how much does it cost show us. I am not sure when one that is actually, but all of these have different names, we love each of them right there with the tassel. Right here, they see we have all kinds of different beads and even like about with some of them we have rocks called droozies i love the most we look it be rustic nature this is summerline very light and they have like rosary chain and very light beads. And rocks, and stone, of course, when you are talking about fall holiday you get heavier darker with leather we love the rustic nature simplicity basically coming from nature. How do you come up with the cost how are you creating these when you know youve got the cost of the jewels. It is a lot of work, and really scanning the planet for that want things from all over the world, that show nature, and so another aspect of business working with these women because they have to have permission basically from parole officers other aspects to go to market out of state, so you know running a business by itself, has its own challenges, but then working with women kwhof these type of pasts is a whole different challenge. Phenomenal thing that you are doing using your platform to help others in this way the a platform has been incredible have you been surprised at success but suspect success you released. I was one this will never work but once it did we wouldnt back to division in country family values hardworking people out there, and then on this side of it we are trying to use what we consider blessings to help other people, and if i can brag on this, we have women in homes, we feed them we hear their stories, you know also, with the work they are doing, but not too long ago one of them here is a 35yearold woman, got out of prison had a rough childhood all these things, and when she got first check that was first paycheck she ever received, of course, she didnt even know what to do they went to the bank, all crying, and okay this is this is a good thing were doing here. Maria it is a good thing. Not just statistics it is really live human beings that have their own traumatic stories that is what you get into lives of people every day in Middle America<\/a>, you know, they are ugly and messy, and heart breaking but to be able to do a bit to help each one of them, and those own special ways, it he not just blesses them but blesses us too. A beautiful story thank you for doing it thanks for telling at us story great to see you both, coming up uber steers in a new direction ceo Travis Kalanick<\/a> resigns Stuart Varney<\/a> weighing in on that side sharing giant search for new executive next amazon strategy town ravel Clothing Store<\/a> letting customers try on clothes before they buy it back in a minute. We know who you are, we know everything, hold on dad. Liberty did what . Yeah, Liberty Mutual<\/a> 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you\u2122. Liberty stands with you\u2122. Liberty mutual insurance. Maria 45 minutes away from the opening bell for a wednesday, markets are looking flat really but this is a victory given the fact we starting the show with declines across the board we are seeing money into stocks right now couple names watching this morning, lazboy the stock up ahead of open on company 4th quarter Earnings Report<\/a> earnings and rev above expectations raised Share Buy Back<\/a> by 6 million dollars, stock up 14 , in the premarket we are also watching amazon this morning, Company Announcing<\/a> a new program, last customers to try on clothing in their home before they purchase it, program called prime wardrobe aallows prime users to order between 3 and 15 items at a time only be charged for the items they keep amazon shares up half a percent right now, upper cofounder ceo Travis Kalanick<\/a> stepped down Stuart Varney<\/a> to weigh in on a year of scandals. That is true i think this is a really shocking development, when you bear in mind what uber is, and what it has done, it is one of the most disruptive of the new Technology Companies<\/a> that i have ever seen, it operates worldwide. And it is note apparently played by the rules and now the achieve executive tradition offics kalanick is gone, i think it is a Significant Development<\/a> not only is uber a revolutionary kind of company not only huge impact but they failed to get along with the powers that be, i mean compare ab contrast with airbnb for capital equally disruptive you might call Hotel Rental Business<\/a> slotted in doing okay uber stood out like sore thumb beaten down i dont think uber can maintain valuation 68, 70 prosecute billion dollars there is a secondary market for private stock i believe the valuation down to maybe 60 billion probably less, i dont know where this leaves ipo for uber in the future but i think it is in some doubt certainly for the immediate future so i think that this is a dramatic move on part of an Extraordinary Company<\/a> an extraordinary times, and i am not sure exactly what the rep conflicting represent kugs are going to be before our eyes. The ripple effect, goes on and on and on. You know, it is a Disruptive Company<\/a> now it is leaderless. We will watch that see you 10 minutes Varney Company<\/a> top of the hour 9 00 a. M. We are happy stuart is back will join you top of the hour after mornings with maria feel need for speed taking newest lamborghini for a test drive. Back in a minute you can drive my car, if im gonna be a star, baby you can drive my car, cause baby i love you using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual<\/a> new car replacement\u2122, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you\u2122. Liberty mutual insurance. Lamborghini 2017 the fastest car gary is behind the wheel at Pocono Raceway<\/a> good morning. How does it feel . We got lamborghini here top speeds straightaway [engine roaring]. Better this way back wheels turn, too, a little more stable much better can you see really one of the best how taft are you going right now . Doing about turn here. That is 70, 80 brakes. Maria so you you are really looking good in that car we cannot hear you because it is so allowed, i have not heard a thing you said gary. So orur audience can understand. High gear with you can handle pretty well at speeds the best handling you affiliate you felt today. Right . Turns, and high speeds, to make it very cool stuff. Gary thank you gary behind the wheel of lamborghini, sorry we cant hear that is the lamborghini new wheels we are taking a short break when we come back final thoughts from this allstar panel. Stay with us. Yeah here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today 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. Thithis is the new new york. E . With think again. Ntage. We are building new airports all across the state. New roads and bridges. To grow the businesses of tomorrow today. Learn more at esd. Ny. Gov the only bed smart enough to change sleep as we know it. It senses your every move and automatically adjusts on both sides to keep you comfortable. And snoring . Does your bed do that . Right now save on sleep number 360 smart beds. Plus, its the lowest prices of the season with savings of 500 on our most popular p5 bed. Maria welcome back final thoughts from allstar panel. Michael block. Im looking for tech stocks. I just want to say happy anniversary to my wife amanda. I14 years. I love you more and more every day. Maria hes a keeper, amanda. The biggest story was the republican wins in South Carolina<\/a> and georgia, early signal that the democrats obstruction strategy is not going to work and itll be interesting to see how they try to mobilize their base next year. Maria great point. Kevin kelly. Kevin be careful of what you own because there could be dividend cuts in the oil patch coming up so look at those names and trading at a high multiple compared to the market. Maria i was reading a report, they downgraded all the Oil Companies<\/a> today, drillers, service names. Fourty dollars a barrel longterm. Kevin debt covered ratios, its a cash flow situation. Maria thank you so much. We will see you tomorrow. Stuart, take it away. Stuart i shall, indeed, maria. Thank you very much. He spent big, he was backed by nancy pelosi, she spent less. She was backed by President Trump<\/a>, she won. Trump won, pelosi lost. Good morning, everyone. First day of summer. Welcome to the show. Big developments in politics and money. We will start with this. Karen handel beat jon ossoff in georgia election. Big blow for democrats who are bitterly divided. They thought that heavy spending would bring a big win, it backfired. Instead of referendum on the president , the republicans made nancy pelosi coastal elites and hollywood money the big issues. 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