York times leaked photos of the Manchester Bombing scene. President trump and u. K. Prime minister theresa may meeting again this hour at the g7 conference, we are going to bring you the headlines as we get them in. Mark zuckerberg got political at the harvard speech. Hes talking free money from the government. Weve got a big show. Varney company starts right now. Charles we begin on a devastating note where a bus of Coptic Christians. Ashley at last count, 23 People Killed and wounding 25 others, a bus 140 miles south of cairo, they were headed to a monastery and attacked by eight to ten individuals dressed in army fatigues. Isis, no one has claimed responsibility, but isis has been targeting Coptic Christians several times in recent months. There was a terrible bombing or bombings at two churches in april that killed 46 people. An indication how Coptic Christians are targeted in egypt. Charles so far no hash tags from the media. Looks like a lower market. Here is market watcher jeff sicca. All right, what can stop this market rally . I think obviously with google and amazon, its going to give the market the fuel to move up. Theres optimism, a call for optimism. One thing we have to be aware of is we have a market thats continued to make historic highs which means theres going to be a greater, greater expectation of perfection, so any little setback could bring this market down because investors at this point really need an excuse to take profits. So, i dont think the threat is great, but the threat is always there. Charles are you concerned about leadership . It feels like there are fewer and fewer names actually leading this market rally. I think five names responsible for 30 of the move. We talk about them almost every morning. Is that a concern that beneath the surface its not as rosie as the headlines . Yeah, thats a major concern because you have investors piling into the few stocks and you have a lot of the other stocks being avoided. You also have a lot of optimism. Ive always believed that, if this market has been fueled not entirely, but partially on low Interest Rates and fed policy, and you have a lot of expectations that the trump policies, the tax cuts and obama reform, are obamacare reform are going to come to fruition. At this point you have a market thats priced to perfection. You have minimum leadership. You dont have as broad of a rally as we should have, and that causes me concern. Well come back to you on that. We talk about the big names, amazon, alphabet. Its fun to watch. We know the market capitalization are different, but which is 1,000 a share first. My bet is on amazon. Ive been a fan of amazon for a lot of years. I think at that amazon, from my perspective, amazon is showing that they could open up multiple silos to make money. I think jeff bezos is about to become the richest man in the world today and i think what it comes down to is that amazon has a leg up on google. Google is a great company, but amazons an even better company. Charles amazon is unmitigated juggernaut and i love the fact that they take risk. Speaking of taking risks, Facebooks Mark Zuckerberg floated the idea of National Income while he spoke with harvard grads. Roll tape. Its now time for our generation to define a new social contract. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas. Charles joining us, Fox News Contributor, whats your thoughts on that . Youre talk to go a mom who doesnt believe in allowances for breathing. He think my kids have to would, for what they want. A lot of times when everything is on the line thats when people do their best and work harder and create that grit. The most sad, rudderless, directionless people ive met are people with trust funds. So i think that guaranteeing people a salary is not the way to go. Charles well, the argument that he is making is that he knows a whole lot of people who have amazing ideas, amazing potential, but they are so afraid of losing or missing that they cant take a chance. They cant take a risk. Some of them make x amount of money and some dont. If somehow we were to empower them ultimately it would benefit all mankind. If their ideas were so great theyd have investors behind those ideas or funding. I dont believe that. You see it in politics, the best candidates go out and sell themselves and get people to invest in their campaign. It works in all of these facets. Charles this isnt something new. Something ive studied before one or the other angles of this from a social point of view that we should have a society where people feel better about themselves where people feel like theyre included. Is there any merit to that . Hey, you know what . If i get up in the morning and i know that im getting some money and i feel better about myself, its all worth it . I think the role of government is to create an environment where people can help themselves. Where people can lift themselves. So theres ladders of opportunities, make the environment so people can start businesses. One of the things you brought up about finland. People are becoming addicted to theyve experimented with this idea, by the way and they just dont want to let go of it. And we see it all the time in my own district where i live in wisconsin, a lot of employers saying, hey, im competing with the welfare checks coming out. People dont want to take the jobs because its just its pretty comfortable to sit there with the welfare check and not work. Charles so, its ironic, if finland they said that the welfare is so good theyd rather give em this income and keep it if they get a job, too, so people dont think it will be taken away from them. In this country theres talk of welfare reform. Maybe we should go the other direction, instead of making it more enticing, perhaps, i wont say not to work, but make it more comfortable when youre not working, maybe put more pressure on folks . I think when people arent working that, when they lose their selfesteem. Your dignity comes from your work and i think that that would be the wrong direction to go in. I think the american system has always worked pretty well and Mark Zuckerberg, you know, i think he should probably move to finland. Charles you think maybe he should think he should step up and giving away some of his cash. Absolutely. Maybe what he can do, he wants to use the h1b program, and raise wages of American People instead of importing all of that cheap labor. Charles ill make sure he gets that memo. Thanks a lot. [laughter] you might have noticed gas holding in pretty good 2. 37 your national average, this as People Get Ready to hit the red for the holiday weekend. I want to bring up gasbuddy. Com. All right. Were talking about, will there be pain at the pump this weekend . Not a whole lot, charles, surprisingly. Much similar to last year, gas prices have remained relatively cool. Its kind of exciting for once. Gas prices havent made a huge jump at the springtime. Were used to talking about how gas prices are spiking and spiking and they jumped 50 cents between the start of last year and this year and this year, gas prices are only up four cents since the start of the year. A quiet spring and a lot of motorists hitting the road as a result. Charles we had a big run in oil recently and its always interesting for people because when it goes up, it feels like goes goes up faster. And i know you get this question all the time. Is there a mechanical reason for this . Or is it just what some might call corporate greed . The markets are moving like you watch. Theyre up and down. And they lag both ways. Just as yesterdays drop probably wont show up, because the increases havent shown up either. Theres kind of a three to five day lag depending on the severity of the oil and gasoline futures. So well start to see that maybe next week, so long as oil prices dont increase between now and then. Charles all right the patrick. I need you if you can to stay right there. I want to get more from you in a bit. Police in the u. K. Carrying out raids after the attack in manchester. Well have details for you now coming up. Sure. Also, you remember this phone. Take a look at this. Thats a nokia 3310. Might have been the first cell phone you own. Guess what, if youre nostalgic, fonokia is bringing t back. Its for sale in europe. We have he got one on the set later this hour. You dont want to miss this one. Our own Maria Bartiromo scoring a big interview with the one and only larry summers. Well, we know hes not a fan of President Trumps budget, but he is something of an economic big wig. You want to watch this tonight 8 00 p. M. Eastern on wall street week. In fact, here is a snippet. Roll taste. Its the least economic budget in 40 years. Further away from the professional concensus than any administration in more than a generation, that doesnt seem like the best bet, but theyre entitled to their opinion. But theyre not entitled to violate the laws of arithmetic and logic. Are allergies holding you back . Break through your allergies. Try new Flonase Sensimist allergy relief instead of allergy pills. Its more complete allergy relief in a gentle mist experience youll barely feel. Using unique mistpro technology, new Flonase Sensimist delivers a gentle mist to help block six key inflammatory substances that cause your symptoms. Most allergy pills only block one. And six is greater than one. New Flonase Sensimist changes everything. Times up, insufficient were on prenatal care. Es. 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. Costcos profits boosted by membership fees and u. S. Sales. Anytime you can charge more, it goes up. Big lots were helped, of course, with margins and they had lower costs and that stock having a good day today. I want to get back to more on the manchester terror bombing. Whats the latest . Well, weve had ten people arrested since the bombing, two have been released a 16yearold boy and 34yearold woman. Remaining young men aged between 18 up to 38. I guess 38 isnt is young man. All in custody and suspected according to Manchester Police of terror offensive. Theyre still working on the assumption that there is a network and theyre very, very concerned that more bombs are out there, more attacks and thats why the threat level remains at critical. As you can see here, Police Patrolling on board trains nationwide, the first time youve seen anything like that. By the way shall the British Intelligence and police are now resuming their intelligence sharing with the u. S. After it was suspended over those leaks. And they were asked very cand candidly, whether they knew the suspect, salman abedi. Telling the bbc that abedi was subject to review. Frighteningly he says there are 12,000 subjects to review. Charles 12,000. Ashley thats very disturbing. Charles thank you very much. Back to egypt. We have horrific news. Gunmen attacked a bus carrying Coptic Christians. Joining us general keane fox news analyst. General keane, this is heartbreaking because its happening more often and it feels like the world has turned their backs on the christians . Certainly one of isis main targets are christians and jews, the truth is they fill far more muslims than nonmuslims. This is actually trying to undermine the government, to show all egyptians that sisi is not able to protect those in the country and theres discrimination of the capitopti ch. Sisi has them in the jail house. And more specifically to isis. Charles no, what does sisi do . We know its an obvious threat and theyve had the terrorists have been extraordinarily successful in harming these Coptic Christians hes declared emergency law again which has been going on for months in egypt and i dont think it has much impact on the people. I think probably what hes going to have to do is clearly start guarding these churches and start using his Intelligence Services a little bit more. Hes fighting isis in a northern sinai, which is really an old tribe not as closely connected to isis. This movement inside of mainland egypt, into cairo, the suburbs of cairo, this is connected to al baghdadi. They totally and completely recent what hes done in opposing the Muslim Brotherhood and taking the country over. Charles i want to switch to politics. Trump, of course, still enduring all of these leaks and, well, of course we know that the big one here more recently with the u. K. , and theresa may very upset about the manchester leaks. Just to what degree are these leaks undermining President Trump . Well, i think pretty significantly. Ive never seen anything quite like it. Leaking in an american government, part of a democracy, with freedom of the press here, something we all respect has been a part of our democracy from the very beginning. But this, with this president is carly somethi thats beyond the pale. And i think hes taking advantage now of this because its not about him, and will try to crack down and get to the bottom of it. And i hope he does, i mean. Charles general keane, what does a crackdown look like . Because, you know, is it naivete that only potential culprits could be obama holdovers, and bureaucrats. And not someone close to the president . Were past those kind of leaks. This is probably people in the government who are Civil Servants in the government or professional staff in the government and clearly there have been people who are leaking who are part of the president s team, they leak, you know, for political purposes of their own right inside the white house, but this leak is probably from the Counterterrorism Organization in the u. K. , who routinely reports back to our Counterterrorism Organization thats hosted by the federal bureau of investigation, but all of our Intelligence Services and major Law Enforcement agencies are represented there. So, its impossible from the outside to kind of theorize who leaked here, its more than Intelligence Services. Law enforcement is involved in receiving information is the point im trying to make. Charles i get you. And its important for the department of justice to get involved to try to track it down. And its hard to do. Obama probably ran after leaks more than anybody prior to him. He didnt have success at it. Charles and President Trump may have to bring out a big broom, and may have to start with his closest aides. Have a great weekend. You, too, charles. Charles and pressure on the market, but not as much as earlier today. We may open flat, but the bias has shifted to the upside. A gas buddy survey, and travelers, say their the b biggest fear is not running into traffic, its finding a clean bathroom. In case you have to make that pit stop this memorial day weekend, hes going to be back next with us. You know how painful heartburn can be. For fastacting, longlasting relief, try doctor recommended gaviscon. It quickly neutralizes stomach acid and helps keep acid down for hours. Relieve heartburn with fast acting, longlasting gaviscon. And helps keep acid down for hours. 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Hitting the row road and not knowing where to stop and the hollywood movies, its dark and skiy. Getting a key on a mini plunger is carey. Charles it is, ive had my share of experiences unfortunately. Thanks a lot. We appreciate it. The markets going to open in less five minutes. The stocks will be essentially flat. If theres not a lot of selling at the open, we may see some buying. Well be right back. Theres nothing traditional about my Small Business so when it comes to technology, i need someone that understands my unique needs. My dell Small Business advisor has gotten to know our business so well that is feels like hes a part of our team. With one phone call, he sets me up with tailored products and services. And when my advisor is focused on my tech, i can focus on my Small Business. The opening bell is going to ring in less than 30 seconds. Remember, we saw this week the s p join nasdaq, both starting today at new alltime highs. A little bit of buying exhaustion, if you will, and also remember, theres anxiety going into a threeday weekend and makes this a perfect test for market bulls. If you really love this market, you wont sell. In fact, maybe youll buy into the close, but we know its something of a lackluster start and the opening bell going off, down, officially off in the teens, 16, 17 points. Not a lot of big news with the big 30 names of the Dow Jones Industrial average. A great week for retailers o