Percent right now. Almost 30 points higher in the premarket. In europe stocks were mixed. You see the ft 100 other fraction as the dax index is down. Gains across the board to report on the heels of the record around wall street yesterday. Hong kong, hang seng index and three quarters of 1 . The Health Care Debate rages on. Lawmakers rejected a claim repeal of obamacare yesterday. Details of the smaller version of the bill begins to pick up steam. Tragedy in ohio to report. One person was killed, several others injured after an attraction at the state fair malfunction. Governor john k. Sake ordered alright shut down following the incident. It is a very, very tense situation when you go somewhere to celebrate and you are with friends and sometimes with family. The fare is about the best things in life and tonight but this accident, it becomes a terrible, terrible tragedy. Trade to three people remained in Critical Condition this morning. A dire warning of her travel to mexico. At least one was killed, several other second from tainted alcohol in the country. We will tell you about it. Two were stories in mexico can in mexico again a big warning from the state department. Getting america back to work. President trump greeted fox con plans to build a 10 billion dirty dozen job facility in wisconsin. More on the massive investment coming up. Why cant he be our president they asked . Rolling stone. The average after taking a swipe at President Trump is the latest cover with Prime MinisterJustin Trudeau. They asked the question why cant he be our president. During their talk about it about it, Fox Business Network dagen mcdowell. Chief strategist michael block. National cochair attache to saudi arabia, morgan or tagus. Good to see you. Good morning. Good to see mortgages backed. Walking us through earnings. Earnings come aside, im not going up there. The fact that the Rolling Stone once became president. Eats canadian. Thats number two. He does not look like that. Obama is gone and they need somebody to put on the cover of Rolling Stone as a politician. Maria so many questions to ask after the question they asked. Well talk about it. Chief strategist for Hillary Clintons 2008 president ial campaign. Former undersecretary of state and Political Affairs under george w. Bush Company Cliff burns with us. Hall of famer president david baker is with us. Wisconsin congressman will talk about the fox complaint coming. To be chief to be chief of staff for george w. Bush karl rove is with us. Stay with us. Right here at Technology Events in focus. Twitter with secondquarter reporting this morning. Analysts looking for earnings of 5 cents a share. Investors will be watching for growth of the user base your twitter surprise last quarter and a 9 million active users easily be in a. 3 billion users expected. Meanwhile, shares of facebook. Secondquarter earnings beat expert patients. Stock is up three and three quarters . The Company Reported 1. 32 a share. Being a flax as it does. Good to see you. Thanks for joining us. Lets talk about Technology Earnings so far. How would you characterize this . If you look at the big tech giant coming to google, facebook, microsoft with very good earnings. What is most important is if you step back on the key trends and technology industry, you have trends around cloud, mobility, social. We look for companies that have been able to build platforms. Digital assets enabled these companies to translate revenue into earnings and cash flow growth. When we think about earnings over the coming weeks and what we have seen so far, we are looking to better understand and get more insight into what companies were doing. For example, even though the markets focused over the 12 to 18 months, what is somewhat underappreciated as the value of their ecosystem. It is obviously a key area. The company like cisco is a contrarian name one area we point to given whats going on in the world the public safety. If you look at a company Like Motorola Solutions a leader in that area overall we like what we see so far, but really focused on the medium to longterm view. Maria is it fair to say card and mobility are the two growth stories of text today . Cloud and mobility. Yes, basically to look at companies able to combine the best of those elements. For example, google are off the bat as its now known as both a tremendous Cloud Platform and the android operating system is the brains behind over 80 of the world smartphones. Maria that is interesting. Spin that google alphabet, excuse me. You know what i mean. We saw the earnings taken a little bit negatively the other night because tech costs and things like that may be going down. Thats a blip in the long term picture there. The longterm picture is absolutely intact. A couple of reasons for it. Whats going on is the business transition and growing more and more and mobile. That is an impact on the margins. Looking at the longer term, what is important here is assets, for example, in tv. The platform they built can be a revenue driver over the next several years to another important thing is the Cloud Platform to compete with the likes of Amazon Web Services and microsoft. More importantly, when you think about the industry going, you have a situation where the google platform from amazon platform, microsoft platform have the potential to drive significant growth. So we dont necessarily look at it as a winner take all, but she do have assets in google as ive mentioned has terrific potential. Tranter really quickly mention youtube and the importance of video moving forward. You heard that in the facebook announcement because in terms of the continents news feed, it indicated it had a feeling in the number of cards that can put and peoples newsfeeds. They are looking to video and of course the what type of messaging app as well. Video is going to be the next big growth driver in terms of ad revenue. Maria absolutely. The other thing you heard is that enough communities. The more they are able to focus user base and generate value for them in terms of bringing them together, facebook should ultimately monetize their platform doing that over time. Maria im really glad you walked us through where you see the growth stories. Youve also got to look at valuations are the five Largest TechnologyCompanies Including microsoft in that list, that is 3 trillion in market value. Would you buy it today . Sure. Part of why i say that as we can see the Growth Drivers across businesses crowd be notable. If you look at their platform, and that is achieved outsize growth. When we speak to customers, what they are telling us is they think microsoft is really laid out a strategy which can help cut to mars transition to the cloud. Apple we talked about earlier, the valuation there we think is fairly undramatic. Of course they need to execute their product cycle. Maria the top five are valued at 3 trillion. The other four as well. Do you think at some point this getting excessive or do you want to buy the stocks today . If you have a 12 to 18 month, part of why i say that is the Free Cash Flow generation and most importantly stepping back, what is happening is these companies are going into the physical world and as we put more and more intelligent into the physical world, companies are able to attract and grow their profit dollars in nontraditional areas. Maria great point. In fact, and what i was with us he is with us this weekend on wall street week. She said these companies are now really acquiring Smaller Companies. When you see the start of companies, its not just looking for funding and new rounds of funding from the private equity investors. It is actually corporate. 67 billion investing in r d is more than the federal government banned last year. Besides having tremendous amounts of cash. They are very longterm oriented. Not everything they do is going to work. I think what is hoped that by that you mentioned become so big is that they learn from their mistakes. That is really what theyre been able to involve in the platforms. Talking about largecap giant companies. You mentioned Motorola Solutions earlier. Are there other Smaller Companies you think might interest them about these trends in high mobility, social you discussed . You make sure. We continue to like a check point, which is a leading security company. We think the name has a lot of potential to continue to grow over time. What is important in the world we are going into a seeming to have significant intellectual property. And a Customer Base value and of course the roadmap to taken their overtime. Maria we are glad you gave us that. Lets transition. President trumps top priorities. What they are calling skinny repeal slimmeddown skinny repeal of obamacare, failing to secure the simple majority of 51 votes needed to pass a clean repeal of obamacare with a twoyear delay. Does this go into your thinking in a way of the challenges we are seeing in tennessee for the market had. Seven republicans voted on the measure yesterday. Back in 2015. 10 hours left to debate. The senate considering the repeal which would eliminate obamacare include an individual mandate and attacks on medical devices. If they dont end up passing anything, whether markets do . It will depend on the sector. You will need to see whether companies can innovate roadmaps. Health Care Companies depending on how the actual laws get passed or dont get a pass will have implications for them. What i think about Health Care Policy thats one. Tax policy is critical. How much is priced into these games is the question. A piece of it is priced into the games. Much of it is still to be realized over time. Maybe its politically motivated. I think its emotional that they cant get anything done in health care or taxes. You have any thought on that . One thing has nothing to do with the other. What is your thought there . I agree with you health care is a separate issue. What is important to tax policy is whether the government can come up with policies to invest in the right Capital Allocation decisions over the medium term. When we speak to companies that newberger, constantly understand where they are going to strategies. Tax policies are important but we want to understand fundamentals of their business. Maria great to have you on the program. Thank you so much. We will take a break. Tragedy strikes that a state fair in ohio. Back in a minute with that. Fidelity, where smarter investors will always be. Buttrust angies list to help. , [ barks ] visit angieslist. Com today. Maria Ohio Governor john kasich girder invites to be shut down. Cheryl casone with the story. That is right, maria. One man is dead and seven others injured after being turned from a ride at the columbus fair yesterday. It was not, governor casey ordered all rights to be shut down until thorough inspections were completed. The incident is a loss for all of ohio. Is a very tough day, very tough night to the people of our state because of the loss of our citizens. Make no mistake about it, it is a very, very sad night for all of us. 11 rides in the fair opened late because inspection work was not completed on schedule. The ride that malfunction was reported several times. The cause at this point is unclear. They are investigating. Lines at Airport Security may become even longer. The tsa imposing stricter electronic carryon screening at all airports in the u. S. Travelers than standard chat client has to remove all electronics larger than a cell phone from their bags, placing them in the bin. The agency says the goal is to get a clear view of the longing after intelligence suggested terrorists have found better ways to hide explosives. Meg whitman is stepping down as chairman of hewlettpackards board which is further speculation about her future. This comes after he was reportedly floated as consideration to be the new head. She is quote proud to help get the company off to a great start. Uber hopes to choose a new ceo by september. This antitrump cover for marlins donna stirring up a lot of controversy. The magazine for canadian Prime MinisterJustin Trudeau on the cover and asked why can t. Be our president . The Rolling Stone website took a different approach and published an online article Justin Trudeau, the keating country and canadian Prime Minister, the free worlds best hope. Trudeaus liberal views and conservative policies of course have been voiced by President Trump, maria. Trade do all right, thank you so much. I dont know what to say about that story. A question to ask, why cant he be our president . We make Justin Trudeau is wonderful. He has a lot of great policies. I agree with a lot of his social policies and views. But this whole why cant he be our president . It means be at being stuck in a crowd of millennial somewhere. Hey, hey, lets not make fun of millennial is. You are morgan. Come on. Maria that generalization, though. Come on, michael. Im just saying. Its like you want to celebrate the guy, wonderful. Im not going to read this drivel. Dagen basically all it takes to get on the cover his notoriety and good looking. If that guy looks like Patton Oswalt he wouldnt be on the cover. He would be on the cover of Rolling Stone. Remember they put the boston bomber on . Maria yeah, that is right. Dagen i think i remember that. Trade to take a break. When we come back, they did america. Fox con will build a 10 billiondollar factory in wisconsin. The state department alerting travelers on vacation in mexico. Anyone going to vacation in mexico. We will be back in a moment. Im not going to write you a love song could you tell me its make or break and youre on your way im not going to write you caspers truly changed our lives. A mattress of unparalleled value. Love at first night. Im a softer, happier, friendlier version of myself. Perfect sleep changes people. Transform your life at casper. Com. Try their mattress for 100 nights with Free Shipping and returns. Casper. Im the one clocking in. When youre clocking out. Sensing your every move and automatically adjusting to help you stay effortlessly comfortable. There. I can even warm these to help you fall asleep faster. Does your bed do that . Oh. I dont actually talk. Though im smart enough to. Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Maria welcome back. Fox con, the company that makes apple iphone cannot say 10 billion plan to build a factor in wisconsin. Tracee carrasco with the story. Good morning. Ask him a muchneeded win for President Trump. Invalid 10 billion investment into taiwanese manufacturer makes electronics for nearly every Major Tech Company including apple, google and amazon. Factories in asia, south america and europe. The move to open its first major factor in the United States is a break with Global Manufacturing trends over the last two decades. American does not have a single effect to produce a complete system. We are going to change it. Its a great day for American Workers and manufacturers. Everyone in the label made in the u. S. A. Three times the size of the pentagon, making it one of the largest manufacturing campuses in the nation. While the product will create from three to 13,000 jobs, the company is not without problems. In 2010, 18 employees make an iphone for my paths at 75. Attempted suicide and workers as it has 14 also discovered. The plan and wisconsin should be completed by 2020. Maria thats a big deal. 3000 to 13,000 jobs. Dagen lets hope wisconsin is not like pennsylvania. A few years ago, 23rd and, foxconn came into harrisburg and promised a factory that employs 500 people never got built. They are still waiting, maria. Trade three yeah, they are still waiting. Its easy that make a promise. As they move forward, lets see if they actually deliver. Maria do you think this is the same thing we speculated about yesterday that the president that apple would be in the u. S. Where do you think this is a separate thing . Did somebody confused yet . Apple was going to build plants in the u. S. And i never heard the confirmation from apple. Its quite possible talking about pennsylvania and the issues abroad. Im glad we are talking about this morning because lets face it, it is not grayed. It is something we need to keep an eye on. Trade three we hire 50,000 u. S. Workers unveiled earlier. It is part of delivering on the promise, but now they have to walk that talk. Trade today will make screens use for automobile health care and electronic devices. Thank you. Tracee carrasco with that story. Coming up, the Health Care Debate raging on with lawmakers on capitol hill. Taking a look at on legislation next year the rights of samsung, how the Electronic Company boosted sales and issues with the fire prone galaxy note seven straight ahead. Back in a minute. I keep my eyes open wide all the time the i keep the yens out for the expires because youre mine, i walk the line ise your rates due to your first accident. Liberty mutual insurance. At the lexus golden opportunity sales event before it ends. Choose from the is turbo, es 350 or nx turbo for 299 a month for 36 months