s&p 500 up half a. yesterday was the next day. the major averages yesterday. a little change with the dow up a fraction. s&p down a fraction in the nasdaq up a fraction. real uncertainty as the markets closed. in europe this morning from a european industries trading that. s&p 102 thirds of a percent of the dax industries that two thirds of a percent. asia overnight mostly lower. the asian market down with the exception of hong kong or the hang seng index is up half a percent. oil meanwhile hovering around $70 a barrel. could reduce the local supply of oil at 71, a $2 a barrel. 3% higher on the iran news. the 10 year treasury yield back above 3% as investors look for growth in the economy are affected by the price of oil.

the yield on the tenure of 3.0 the tenure at three-point no 11% up two basis points. primary election results are in. don blankenship -- senate majority leader mitch mcconnell featuring goes viral. we break down the primary election results in what it means for the midterms coming up this morning. passengers evacuated delta airlines plane after the cabin was filled with smoke. details on the harrowing incident coming up this morning. disney revenue soaring thanks in part to "black panther." the results for disney coming up that may well be a market mover. it is a dow component. the thing is through james paxton. an amazing no-hitter. the highlights later this hour in sports. joining me to talk all about it, fox business network they can make ballot in new york. good morning to you.

maria: maria, i miss you dearly. you have some incredible interviews that are coming up and they are so relevant, more relevant than any time i can think of in times of our withdraw from the iran nuclear deal in the confirmation hearing of gene haspel to run the cia. trade do that if big news. you would have spoken a little bit. the pushback shootout. we'll see how this plays out. it is interesting to see the comp and pushback from the left initiative is successful. dagen: did john brennan dead grilled? did he suffer the same pushback haspel or he hasn't certainly will today? maria: yeah, absolutely. two exclusive interviews coming up bringing you from las vegas speaking with former vice president dick cheney and defense secretary cia director and former white house chief of staff leon panetta.

we will cover the iran decision. the future of politics or they see it beginning tomorrow morning right here at 6:00 a.m. eastern with dick cheney and leon panetta. i suspect dick cheney is happy about the decision to pull out of the deal in iran. >> i would assume so. you heard from president obama he's more concerned about promises he made to iran that really having served the american people. if you are so confident in that deal, he should've sent it to to congress as a treaty that did not have been that open the door. by the way, the administration want to renegotiate the deal. they want a better deal to prevent iran from becoming a nuclear power tenders for now. time for the europeans to get on board with that. maria: i was surprised to see obama come out right away with this statement basically flaming president trump say this was the

wrong move. he's now come out and commented on the policies at least three times. it was coming out of the paris climate agreement, tax reform and now this. and obamacare. he also commented about that. trip through we should note that president bush said nothing during president obama's eight years in office. and to add to that, a good, it reminds the american people why president trump is doing what he's doing with the iranian nuclear deal. $100 billion in sanctions were the funneling money to a state-sponsored terrorism. that's what happened. trade to hitting back at the united states overnight, iran says that it will not be stopped by sanctions after president trump decided to pull the u.s. out of the obama era iran nuclear agreement. the number one state sponsor of terrorism now pledging to

continue spending on their ballistic missile program while lawmakers set fire to a paper u.s. flag and copy of the nuclear deal on the floor. a stern warnings a stern warnings when a company is helping iran. watch. >> any nation that helps iran in its quest for nuclear weapons could also be strongly sanctioned by the united states. >> sanctions actually kicking out here there is a wind on the maintenance. the people who have existing business lobby. a time. we wanted to be careful on the energy market that we have an orderly transition away from iranian oil. maria: commenting now. republican strategist nevada state gop chair amy tarkanian. good to see you. thanks for joining us. your take on this. >> i find it interesting because we unilaterally have made this move which is a concern of mine. how effective are we going to be

with this? we've given $1.7 billion under the obama administration. major damage has already been done. they will be interesting to see if the european countries will actually jump on board. maria: yeah, we'll see because we had emmanuel macron in the white house just last week. angela merkel as well. they have been speaking as well. they said we are staying in the deal so far. >> well, so far. this is great under president trump do we have somebody who is strong and going to stand firm and is basically telling the world that you need to jump on board to make sure we can create peace in the middle east and i think it's great timing as well to be backing on the north korea deal that is going on as well. so i'd think that europe can go ahead only one cover that they will eventually have to come on board. maria: sanctions of the u.s. dollar bank notes by the government of iran.

sanctions trading goal or precious metals trade sanctions on the director and direct sales supplied transfer to or from iran semi-finish metal such as the luminance deal, softer for integrating processes. sanctions on significant transactions to sail or sale of iranian rails, maintenance and significant runs. all of the sanctions will go back and go back in place and impact the iranian economy more. >> you will but meant to her. they cannot keep funneling money towards terrorism and that is what the administration is telling the world. these are heavy sanctions, but if that's what it takes, that's what it takes. >> global oil markets get squeezed at the least you will see iranian oil market. tensions with the nuclear deal driving the oil market. seventy-one dollars a barrel is

where we are right now. up 2% tomorrow. saudi arabia college will help globally you oil market. boosting experts to meet possible supply shortage. good to be seen to strengthen alliance between the u.s. and saudi to power the crown prince. >> i would expect nothing less from saudi arabia to have been stepped up and take this new role in helping us with the industry. >> what is your take on the oil markets this morning? not only will companies and individuals be barred by november, but as mrs. have a big deal. >> i think this is where it

becomes critical for whether europe is going to get on board with what the united states wants to do, changes that would like to make to the nuclear deal with iran, particularly companies that have aggressively begun to do business in iran. france to name one. germany, italy and spain. boeing also, if anyone has listened to president trump on the campaign trail, they would have known this was coming. "the wall street journal" editorial page has said time and again that it benefits having to renegotiate the deal and enable it to do financial transactions with the rest of the world. you make some tweets to the existing nuclear deal. europe's going to have to make a decision. do you want to do business with iran or with the united states. the answer is obvious.

maria: secretary mnuchin says the license to export commercial planes from iran will be without after this 90 day. your thoughts on that. >> they will be without that everyone has to do their part in making sure they all stand together as a nation that's unacceptable from iran. it has been documented that it's not going to hurt boeing. >> they are only doing their due diligence by stepping back as well. >> yesterday when the president made his speech at 2:00 p.m. eastern, he made a surprise announcement on north korea. listen to this. >> secretary pompeo is on his way to north korea in preparation for my upcoming meeting with kim jong un. plans are being made, relationships are building. maria: secretary pompeo now in

north korea working on releasing the three americans detained by pyongyang. i'll come in ahead of the historic summit and leader kim jong un is he just heard from the president. what do you think happened there? >> is in this exciting? an exciting time to be an american. we've got now the capital be moved to jerusalem. you have now hopefully these three americans being released. we finally put a stop to that terrible iran deal. the president is making one promise and following through. this is fantastic and the leadership position in this phenomenal. >> inc. about all the things, the bold decisions the president has made since taking office. tax reform, he tried to do obamacare but couldn't. north korea and south korea

pushes back against china in terms of their trade approach. it's been a busy first time. >> there's always a wide now. the timing has to be involved somehow with the upcoming meeting with kim jong un. you send a message to that type of deal that the united states they will expect for north korea. talking about full and complete the nuclear station, which is what has happened in the past. look at south africa. look at the way that moammar gadhafi in the case of libya handled the denuclearization they are, the removal of nuclear documents and nuclear uranium and other equipment.

again, it is not what happened in the iran nuclear deal. we just kick back and on the road. >> ray. china, north korea and the whole pressure campaign started with the chocolate cake moment. remember that when the president said we're having a delicious chocolate cake and i fed by the way, we just struck syria. the pressure campaign began in mar-a-lago. trigger this is my opinion, we talked about president obama yesterday. they dominate the conversation when taking away from what has been accomplished in a show with north korea. great to have you. west virginia in the spotlight. an upset yesterday. patrick morrissey beating out

executive don blankenship yesterday in the gop senate primary. mitch mcconnell seemed blankenship with a tweet talking about. plus a break, the race is coming out. disney's s. quarterly earnings in two years. that is coming out. we know the value of trust.

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cheryl casone is a "new york times" headline. good morning, maria. but with west virginia. republican voters to reject a don blankenship who was deposed by president trump in the senate primary. the state attorney general claiming that domination. >> mr. president, if you're watching right now, let me tell you your tweet was huge. >> senate majority leader mitch mcconnell treated with a big cloud of saying thanks for playing. after they called match in a campaign ad. the nickname stems from accusations that blankenship on by mcconnell's father-in-law no charges have been filed. gop voters. the democratic senator in the

fall. and then in north carolina to congressman robert pittenger has lots of republican primaries that he narrowly beat just two years ago. congressman jim annecy has won the primary to challenge democratic senator sherrod brown. the president's endorsement ahead of the five way contest, maria. a lot of action last night. first chance at the midterms midterms will look come november. >> we were talking about this yesterday. your thoughts on what took place yesterday in how that plays into what we will see in november. >> he not only came in second. he came in third behind patrick morrissey, but also a congressman who is running for that position on the ballot come

november. those ads you really have to go back to the ad about mitch mcconnell. if you live in west virginia after mitch mcconnell's wife's family and he referred to china people and talking about cocaine mitch. folks are not part of the country are not and blankenship apparently thought that they were. they think as they might say in west virginia, and don't let the door hit you where the good lord split you. going back to vegas where you been living. there you go. talk about ugly ads. we will take a break. when they come back, we're focused on the tax plan. nancy pelosi will rollback tax reform if democrats take the house this fall issue becomes speaker. she lays it all out there.

going to reverse the tax cut. the struggle to keep up with demand surges to record high number of job openings in skilled workers as part of the story. a closer look at labor next. ♪ oblems actually. we're overproducing, overcrowding, and overheating. we've got aging roadways, aging power grids, ...aging everything. you're kinda bumming me out clive owen. no, wait... it gets worse. we also have the age-old problem of bias in the workplace. really... never heard of it. seriously? it's all over the news. i've heard of it. ahh. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. that's right. the best-run businesses can make the world run better.

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comcast business outmaneuver. i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. maria: we are back. welcome back. live at the summit in las vegas. job openings in the united states had a record 696 million in march. the jolts number came out yesterday but hiring fell to 504 million suggesting companies

are not finding the skilled work or is available. he brushed off the tightening labor market. here's what he said. i've heard a lot i can find people to put in the jobs i have available. is that bad training? >> i think some of it is training. i'm not. not for the companies they speak to. trend du jour they made that the senior economist for deutsche bank, brett nayan. what is your take on the labor market today? >> had 3.9% on the unemployment rate in december 2000 within the book, tightness especially the skilled labor areas in also in things such as truck driving having a hard time finding workers and wages start to reza. drink it when you say the labor

market is fantastic, it changes which are saying. who's surprised stephen mnuchin hadn't heard that? >> a little surprised but i'm not sure the context was referring to. train to what is going on with truck drivers? >> you see offering bonuses to more drivers and state offering bonuses to more people that moved to their states for jobs. those are the types as signing bonuses. you start being that oil companies and energy is recovered. you see those sorts of things than the higher rate both at elevated levels back to the prerecession peak. that is a solid plan for the economy. maria: what does this mean for the federal reserve? not if it keeps going. from our standpoint as i discovered three more times this year. maria: does that worry you that perhaps they could overdo it

because we talk a lot in this program about the weakness in the consumer that perhaps the consumer stating the savings they got from the tax plan as opposed to spending it. >> consumers doing pretty well. when you look at the income generation for the labor market with jobs, ours and wages, consumer is very well supported. first quarter was a little weak, but that is to be expected because you had weather-related issues in the previous quarter. they have those in a number of years. i'm fine with where the consumer is right now. i think i'm okay with the fed getting the neutral. right now giving what we are enraged, three more rate hikes is not really going to slow the economy. it is still going to be accommodated until they get to to .9%. therefore cast is the rated interests when it pushes against

the economy are aiding the economy is to .9%. we still have a ways to go before we get there. maria: pretty bullish over here in beijing. what we've heard including the dallas federal reserve. a lot of people say the federal reserve is the riskier. they could overdo it. >> they could overdo it, but one thing at the start of the show as we talk about concern about rising oil prices impact in the consumer or consumers strapped with dad. they are saving money, not spending it. if you look at oil and the ten-year treasury committee held us back above 3%. again, people are worried about the economy going into the tank and the fed overdoing it. release this morning they would be buying treasuries, not selling them and you wouldn't see the yield talk over the 3% mark. there's a lot of optimism is certainly in the jobs numbers that way god, the job openings

and the people who are unemployed, you get restaurant workers -- restaurants are looking for workers because people are moving on to better jobs. unemployment among low skilled workers is at an historic low. really incredible. >> that's exactly right. you do have a point that the fed has to be careful over doing it. maria: president trump calling on congress to pull back spending right now because we're talking about a trillion dollars deficit. about $15 billion in spending as the budget deficit is up to a trillion dollars. spearmint talking about pulling that $50 million in spending from the federal government than $13 billion every day. 27 billion on medicare. when i hear things like that, it really is a drop in the bucket.

but that is a problem with product candidate growth doesn't come back over the long term. it crowds out other investment over time. it's not a near-term concern. there's not a solvency issue. we have to reserve currency. in fact, people want supply treasuries. they've been lacking arguably in some sense. so, it's not necessarily an issue now. what are we setting up or down the road? one complaint against the recent stimulus measures, tax cuts and spending has been that creates a little bit of an artificial cliff for 2020. traded 2020 expect things to slow down. >> it starts to fade. the risk of the fed over doing it is that this makes the job more difficult because they can't gauge the underlying trend in the economy. if they do end up overdoing it,

that is where your risk of recession is. >> will watch that. good to see you. thanks for joining. it ran from deutsche bank. a growing firestorm from new york attorney general erik snyderman could face assault charges with allegations of physical abuse. the latest on the possible special prosecutor for this case. and two adults of swipe your smoke fills the cabin as the plane touches down in denver. details coming up in a moment live from las vegas. ♪ touch shows how we really feel.

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>> here again maria bartiromo with the special edition of mornings with maria live from the leadership summit in las vegas. maria: welcome back from vegas, i'm maria bartiromo, you're happy you are with us, wednesday may ninth, thanks for joining us, 6:30 a.m. on the east coast. president trump withdrew from iran nuclear deal. the decisions sparked protests and death to america in tehran but the commander in chief steadfast on original agreement. were this was a horrible one-sided deal that should have never ever been made. it didn't bring calm, it didn't

bring peace and it never will. maria: now iran's supreme leader in response is taking aim at the president. he says, quote, he's made him a stage. first we wanted to show you oil prices, hitting $71 a barrel, now 70.86 as iran's crude oil will come off of the global market. oil now up 2 and a half percent. check out stocks, big rally underway, futures indicating stronger opening, s&p 500 up 11 and a half, almost half a percent and nasdaq up 19 points, quarter pen sent. choppy session yesterday, no real major change at the close. major indices with little change on the day. in europe markets are higher taking a cue from wall street. take a look at the indices. cac quarante is flat.

in asia markets closed mostly lower. best performer was the hong kong market. hang seng up in the face of other who is were fractionally lower. yields are moving up. 10-year treasury back up now at 3.01%, breastingly stocks are rallying even at the 10-year is above 3%. airlines flight evacuated, the jet cabin filled with smoke forces passengers to use emergency slide. disney get the black panther boost, driving the company's better than expected results last night. details on disney, plus ceo bob iger on fox deal. good-bye tax cuts, that's nancy pelosi's plan if democrats take house in november. amazing feet on the baseball diamond, seattle mariners, james

paxton with no-hitter, major assist and highlights from another exciting game. all that coming up this morning, but first, cuomo squaring off, announcing a special prosecutor will investigate investigations following schneirderman, schneirderman denying the allegations saying that it was consensual role-playing, joining me right now judge andrew napolitano, wow, judge, this is a wild one. >> it sure is. maria: he smacked his former girlfriend in the face and elsewhere and he says it was role-playing. >> well, you know, i'm going to suggest to you that the speed with which he resigned after this became public tells me that the evidence of his guilt is overwhelming, that means either there's a large number of women who are saying substantially the same thing who felt that they

could not come forward with this, until yesterday he was the chief law enforcement officer in the state of new york or that there's forensic evidence, perhaps photographs or videos, the governor is quite right on insisting investigation of criminal behavior. in fact, this morning in new york, rivalry amongst which da is going get the investigation, the governor chose the district attorney of maza county, female prosecutor. nothing will prevent any prosecutor from investigating evidence from a crime committed by former attorney general schneirderman in the geographic area where the prosecutor has jurisdiction. he has legal problems confronting him this morning. maria: and he was investigating vance saying he wasn't quick

enough with harvey weinstein and taking him down and the tables have turned in a big way. >> the thing that is so amazing is, until this came out, he was the leader in the country amongst male prosecutors on the me too movement. he was fearless and went after all the right people, of course, we didn't know at the time what he was harboring within him. the other thing he was leader in the country, many, many lawsuit in which states are suing the federal government, somehow 5 attorneys, some as many as 35, in nearly all of these, maria, he took the lead, his office formed the litigation against trump administration, his office did the work and attorneys signed on, one wonder if the cases will be pursued with the same viel.

she will probably continue litigations against the trump administration. maria: yeah, and he was pretty vocal against the trump administration, schneirderman was, i was looking through some recently, he was adamant, he didn't like donald trump, he didn't want unfettered power and now this. dagen: that's the irony of all this, he was abuser of women and abuser of power and people here in new york. he withheld evidence in a civil case against hank, many times he tried to expose conservative donors to conservative nonprofits. in terms of biggest things he tried to do against donald trump, he went to lawmakers in the state of new york last month to try to get rid of the double jeopardy standard so he could

prosecute people who were pardoned by president trump. that's just one example of his overreach here in new york state. maybe his successor and those after him will learn from that, that they represent every new yorker regardless of whether you vote democrat or republican. >> but the office of attorney general -- the office of attorney general in the state of new york almost became arm of the progressive wing to have democratic party. let me tell you something else, if you read the emails between lisa and peter, it was schneirderman, they can follow up on what dagen was talking about. is there a way to pursue trump people outside of trump's pardoning power. he was there, you'll remember this phrase, insurance policy. maria: that's right. you mentioned peter strzok and

lisa page, judge, i was reading a piece yesterday, they don't -- the justice department is not collecting all of the electronic communications with between them even though congress keeps saying we want all the texts, we are learning a lot from the texts and it was on personal devices so the justice department apparently is not being very aggressive in terms of getting all of those texts and congress is upset about it. >> when they do show up and redactions are removed, we keep finding the same thing over and over again. it's not national security that was redacted, it's fbi and personal embarrassment that was redacted and that's not a basis for redaction. dagen: maria, one real thing i want to add really quickly, the judge raised the issue of why did eric schneirderman resigned quickly, clearly more women who he abused. kimberly said last night that she's talking to a fifth woman and has been for sferl weeks, couple of months, somebody who the new yorker did not talk to.

more people out there. maria: that's incredible. then the story continues. >> yes. maria: judge, thanks for weighing in. judge andrew napolitano there, first she called crumbs and now nancy pelosi will roll back the president trump's tax reform plan if the democrats take the house. details coming up. seattle mariners pitcher james paxton joining exclusive club with no hitter in toronto. more of the interesting night in las vegas, the contest summit. stay with us.

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airline mishap to tell you about. this time passengers had to be evacuated. cheryl casone in new york with details. another scary moment, cheryl. cheryl: amazing what's going on in the skies right now. firefighters were on the tarmac waiting for flight 854 when it landed in denver international, pearmings reported smoke filling the cabin as the plane was taxing to the gate. some passengers received standing on the plane's wings, there you go. investigators did not find fire on the plane and at this point don't know what caused the smoke. shares of delta down 7% so far this year. well, wallet disney ceo bob iger is confident his company's plan deal to acquire entertainment from 21st century fox will go through despite bid from

comcast. iger on conference call after latest earnings beat the street, thanks in part to black panther's huge success in box office. we knew that was coming. disney shares are lower in premarket but just a fraction. taking a look at 21st century fox which is a parent of fox business network, that company reporting earnings after the bell, the stock hit all-time high of 39.35. up 10% this year. well, toyota says it sees annual operating profit falling 4% in the current financial year, they are blaming the stronger yen for the forecast, toyota also seeing sales in north america lower than a year ago at 2.8 million units, shares are up 3% so far this year. and incredible story in baseball, seattle mariners pitcher james paxton did nothing no canadian-born player has ever done before.

>> a couple of feet in the grave already. the pick, the throw, paxton has done it. it's a no-hitter. cheryl: so wild, no hitter for paxton against toronto blue jays, first canadian-born pitcher to ever throw no-hitter in his own country. all three in the span of last 18 days. i've got baseball to celebrate right now, back to you. [laughter] maria: yeah, we all do. that's great, cheryl, thank you so much. coming up kanye calling the president, there are reports that president trump has called for a summit of race relations with nfl free agent colin kaepernick and konye west, details on that. mom, dad, can we talk?

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>> in terms of the bonus that corporate america received versus the crumbs that they are giving to workers to kind of put the schmooze is so pathetic. it's so pathetic. maria: we all heard that a number of times nancy pelosi slamming the gop tax benefits. in a new interview the minority leader says if the democrats take the house in midterms in november the acts will fall on the president trump's sweeping tax haul. >> i do think we should revisit tax legislation in the way that we always have in a bipartisan transparent way that the result is unifying for the country.

i do object to what they did in dark of night and speed of light to put forth something that gives 83% to have benefits top top 1%. maria: joining me right now congressman of racial lidar niger. >> good morning. maria: she basically tells you exactly what she's thinking, she will reverse tax plan in november, i don't think that's what people want? >> no, it will fall on the american people who are enjoying the huge benefit of the tax cut, not just the tax cut, of course, corporations are giving bonuses, they are creating more jobs and the hidden story is the number of small businesses of entrepreneurs that are going to get a big void from the tax cuts. maria: so you really want to see lower taxes. by the way f we were to go to corporate tax rate of 35% from 21% --

>> outrageous. maria: huge deal. >> stifle the booming and on steroids. not on steroids, natural growth. maria: what do you think happens in november, are they giving it away, are they changing chances of taking over the house? >> all i say, nancy pelosi, hillary clinton please keep talking. [laughter] >> please. they are the gift that keeps on giving. maria: all right, meanwhile president trump has reportedly invited controversial nfl free agent colin kaepernick along with kanye west to a summit on race at the white house, here is what the president had to say about kanye about a speech in dallas. >> kanye west must have some power because you probably saw i doubled my african american poll numbers. went from 11 to 22 in one week, thank you, kanye.

maria: it is also true that black unemployment is at very low level. record low unemployment. lowest it's been in recorded history. extraordinary. maria: do you attribute some of that to trump's policies? >> there's no question. keep in mind, the economy started booming after he got elected because people anticipated that he was going to move the agenda. maria: we knew to anticipate it. >> absolutely. and businesses knew and small businesses, again, you know, look the fortune 500, the big mega multinationals they can survive high taxes, low taxes, the folks who can't survive are the biggest job creators. many of them that are run by blacks, hispanics, hispanic women are the largest number of biggest growing number of small businesses in the country. maria: i didn't realize that. that's terrific. president trump's reported invitation to colin kaepernick may come as surprise given harsh

criticism of the nfl, remember all of that, listen to this. >> when you go down and take a knee or any other way, you're sitting essentially for our great national anthem, you're disrespecting our flag and you're disrespecting our country. and the nfl should have suspended some of these players for one game, not fire them, suspend them for one game and then if they did it again, 2 games, and 3 games and then for the season. maria: so he was very upset about the kneeling, we know that. but could this be the beginning of the nfl and the president mending fences with this race summit, what's your take on the race summit? >> i have seen the race summits for decades, whites feel guilty, whites feel good by getting whipped and minorities feel good about whipping on whites and go

home and issues don't get solved. if we want to have political dialogue and whites are able to say exactly how they feel and hispanics and blacks are able to really have exchange of ideas, there might come something from it. maria: what do you think the black community thinks of donald trump? >> i think it's mixed. there's no doubt that he has a long way to go in terms of penetrating in the african american. among black men the numbers have jumped, he did well for republican in 2016 among black men. he was lagging behind with black women but they are starting to catch up and the numbers are increasing as well. black women have sons, they have husbands. maria: they want economic opportunity just like everybody else. niger, good to see you. we will be right back. can i get some help. watch his head. ♪

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and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. >> maria: good wednesday morning. live from vegas this morning. thanks for joining us. i'm maria bartiromo. happy wednesday. it is wednesday, may 9, your top stories right now, 7:00 a.m. on the east coast. president trump keeps another campaign promise, with drawing the united states from the iran nuclear deal. yesterday, the president slammed the obama administration's negotiations and called for the highest level of economic sanctions to go back on iran. >> at the heart of the iran deal was a giant friction that regime

desired only a peaceful nuclear energy program. today, we have definitive proof that this iranian promise was a lie. >> maria: meanwhile, iran's supreme leader lashed out after the president said all that. iran's supreme leader said he made a mistake. investors reacting to the decision on iran. futures indicate a pretty good rally at the start of trading this morning. it is half a percent higher on the dow and quarter of a percent higher on the nasdaq. the yesterday, the major averages finished close to where they started. ist was a little change -- it was a little change session and somewhat choppy as well. in europe this morning, markets are mixed. take a look at the european indices where money is moving into stocks in london, the dax index is higher by a fraction and the cac is down about 3

points. in asia overnight, markets closed mostly lower. take a look at the asian indices. the best performer was in hong kong. oil prices, the big story of the morning, hovering around $71 a barrel, up 2 2/3%, off of the high of 71, after washington's decision to reinstate sanctions on iran crude. the 10 year treasury yield is back above 3%. take a look at interest rates this morning, interesting to note the stocks are still rallying even though the 10 year is up 3 basis points at 3.01%. all eyes on west virginia this morning, patrick morris beat out don blankenship in the gop senate primary race yesterday. mitch mcconnell tweeted blankenship featuring a cocaine reference. we break down the other primary election results. equifax under fire this morning, the hacking now worse than

previously thought. millions of consumers' personal information was exposed. a shake-up at facebook, meanwhile. the management shuffle for the technology giant after the social media company's data scandal. details on the changes, including the use of block chain at facebook, coming up. a match made in music heaven, google teams up with john legend as a new voice in google assistance, the high tech update coming up later this hour. joining me in new york, fox business network's dagen mcdowell. good morning to you. >> dagen: good morning, maria bartiromo. i was talking about how i will say this, it is a gift to come to work with you every morning. i say it off air all the time. it bears repeating to your very loyal audience and i've never met -- i've never worked with anybody who works as hard as you do, who is more supportive, more intelligent. it's just a dream job. it really is. so i'm excited -- >> maria: come on, dagen.

>> dagen: i'm serious. >> maria: it's my dream job to be with you every day. >> dagen: i can't wait for these interviews you have coming up. the timing of them is incredible. >> maria: the timing is incredible. i mean, it's -- we're going to talk today, i'll be having two exclusive interviews that we'll bring in las vegas with dick cheney and former defense secretary from the cia director, from a white house chief of staff, leon p p aanetta. i'll ask them about the iran deal and also about north korea. the issues on the table with regard to foreign policy are incredible. >> dagen: rather than looking at it from a perspective of the world coming to an end, everything about our withdrawal from this -- president trump's decision is negative, what about the positive? what about if we along with our european allies renegotiate this deal and make it a better one with better inspections, with restrictions on the ballistic missile program in iran and

basically doing away with an expiration date. so again, rather than looking at it negatively, what if we get a better deal and by the way, i think that this is definitely a message and a signal that president trump's sending to north korea as we start historic talks with that regime. >> maria: that's an incredible story in and of itself, the fact that north korea's leader met with south korea's leader and now the president is going to be meeting with kim jong un. we know that mike pompeo is already on the ground. president trump of course told us that yesterday when he announced he is wit with drawinm the iran nuclear deal. kevin cork has the latest from the white house this morning. kevin, typically you don't see former presidents comment on their successors. you have seen that from president trump. >> reporter: a tiny bit

defensive, maybe a little bit. i moon it when i say former -- mean it when i say former presidents have a right to weigh in about his successor and policy decisions. it's just uncommon monday. whether you love this tug and pull of policy from one administration to the next or if you feel like this is the worst decision that could possibly ever have been made by this administration, one thing is absolutely certain. this is just the latest decision by this administration to undo the obama legacy. >> it is clear to me that we cannot prevent an iranian nuclear bomb under the decaying and rotten structure of the current agreement. the iran deal is defective at its core. >> reporter: dagen made some great points when she was talking about the idea of what about another negotiation, what about enhanced inspections, what about more limitations on their

ballistic missiles programs. there are a number of ways the ad medicine strayings could go. i asked john bolton and he said listen, we're open to talk, all right, but there's one person who is also talking. we're talking about the former president, obama, he weighed in. let me share a bit of a lengthy statement as he tried to defend the idea behind the iran deal. he said walking away from the jcpoa turns auerbac turns our bn america's greatest allies. he was quite critical of the president's decision. one thing is for certain, it stands and the negotiations may resume again. we'll be watching very carefully. maria, good to talk to you. back to you for now. >> maria: thank you so much, kevin. joining me to talk about all of this here in las vegas, the director of research at context bh capital management, yaron brook. thank you for joining us this morning. the president now says he plans

to slap the highest level of sanctions on iran. that includes companies, banks that are doing business with iran. what's your take on the impact and your reaction to all of this. >> i think it's terrific. i think he can't have a real deal with a regime like the iranians. they were going to cheat, whether they cheated already or if they were going to cheat in the future, they were going to cheat on a deal like this. the deal was full of holes. he's right, this was an awful deal. how you manage this with the europeans, the europeans not imposing sanctions and the u.s. imposing sanction, what do you do when european companies deal with iran, do we go after the european companies, do we go after companies that are doing business in the u.s. and in iran and domiciled in allied countries of europe. that is going to be the real test of the sanctions. and if the united states is the only country with sanctions on iran, then it's going to do nothing. of course, the long-term

strategy question here is what if iran restarts its nuclear program. >> maria: which they threatened already. >> which they threatened already. i wouldn't be surprised if they're already doing it. i don't trust the inspections. what they're doing it remarks do we do. is there a long-term strategy with how to deal with the regime and ultimately i don't see how you deal with iran without replacing the regime. >> maria: i want to ask you about that. what's next is the question now. they have 90 or 180 days to wind down the ties before risking penalty. so you mentioned some of the companies and individuals like airbus, this is a european jet maker. they have business with iran. boeing will stop. that's an american company. but will airbus? what do you think? >> i don't see it happening. then the question is -- i think first the europeans will try to call the americans on it. so they won't stop and they'll see what the trump administration does. they'll see will the u.s. impose sanctions on airbus. that would be huge if we got

into some kind of real dispute with european allies. >> maria: with international companies. >> when the original sanctions were imposed it was an international program so the europeans played along with us. if the europeans divert from the u.s., what will happen. >> maria: israel's prime minister called the move a historic move. he said leaving the deal unchanged would would be a recr disaster. >> a lot of us said the deal was a bad deal from day one and something had to be done. whether this is a first step in a real formulated strategy to deal with the iranian regime, i would like to see real efforts go into fermenting an internal revolution in iran. i think that is the real end game is to replace the regime

with a pro-western regime. we need to encourage them. one of the failures of the obama administration was in 2009, not supporting the uprising that seemed to be happening in iran and was crushed. so hopefully this administration has a plan to actually help it, help promote that. >> maria: that really -- president obama's plans alienated our friends in the middle east, by pulling out of iraq, by not supporting the uprising that went on in iran. >> it emboldened the iranians. the iraq war at the end of the day turned out to be a massive failure because we handed iraq to the iranians. the south of saudi array ya they control yemen. saweinside saudi arabia there'sa

fairly large minority of shiites who occupy the oil-rich part of saudi arabia. saudis feel constrained on all sides. the question is do they trust this administration. should we trust the new regime in saudi arabia? there's a lot of newness, this relationship. saudis fund most of the schools in which the terrorists ultimately come from, isis, al-qaida, at the end of the day are saudi creations. the middle east, as usual, is a mess. it's a minefield. we'll see if this administration has the chops to deal with it. >> maria: i don't know. you make a good point. when i sat down with the crown prince back in november of last year, he said look, we want to live like normal people. we want to live like before it was the iranian revolution. he also said he wants to stomp out extremeists, get them down to 5% of the population.

he said it was up to like 40% of the population, the extremeists. >> two things, is he real? >> maria: he has a good relationship with donald trump, that's for sure. >> we hope he's for real. second, does he survive. the last guy to say those type of things, we know what happened to him in the early 1980s, he was killed. this is a region that is not hospitable to muslim leaders who want western values. >> maria: let me bring you back to the u.s. paul ryan says his chamber will soon take up a bipartisan bill easing some of the strict financial rules under dodd-frank. here's what he said. >> we've got an agreement to be moving different pieces of legislation, so we will move the dodd-frank bill. we're also going to be moving in the senate a package of bills that we think will add to the financial service community as well. >> maria: as an investment professional, your take on that? >> this is terrific news, particularly for those of us

investing in small community banks. this is good news for the small community bank space which is a very large space. it's the largest sector in the stock market, are small communy banks. this is being freed up. this is not a big that is deregulating anything with the large banks. >> maria: the smaller banks should not have the same regulations as like a jp morgan. they're different sizes. >> the banking space is over-regulated. it was over-regulated before the financial crisis. it's even worse today. >> maria: thank you so much. we'll be right back, live from las vegas. into retirement. and market volatility isn't top of mind. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they're less concerned with market volatility and can focus more on the things they're passionate about.

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it's a smart way to help increase yields, all before the rest of us get out of bed. >> maria: welcome back. i'm coming to you live this morning from the context leadership summit in las vegas. four states held key primary elections yesterday. cheryl casone has the results. it was a lot of breaking news yesterday. >> cheryl: it was a big night, certainly, maria. in west virginia, republican voters have rejected former coal executive don blankenship who was opposed by president trump in the senate primary. the state's attorney general, ma tricpatrick morrisey, claimed te nomination. >> mr. president, if you're watching right now, let me tell you, your tweet was huge. >> cheryl: huge. all right. then there's this, mitch mcconnell tweeting with an image of a big cloud of cocaine, saying, quote, thanks for

playing, don blankenshop. ship. this after he called the senator cocaine mitch, this comes after accusations a ship was used to carry 90 pounds of cocaine but no charges were filed. meanwhile, gop voters chose mike br brann to face joe donnelly in the fall. in care north carolina robert pittinger lost to mark harris. and finally, to ohio, congressman jim renisi won the primary to challenge democratic senator sherrod brown this fall. he had the president's endorsement ahead of the five-way contest. some of president trump's candidates are moving on to november. back to you. >> maria: big news. thank you so much, cheryl. coming up, facebook shake-up.

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the iran deal. dow industrials are up 116 points, a half a percent, the s&p is up 11 and the nasdaq up 21 after a flat close yesterday. the dow ended up fractionally yesterday after a volatile session fueled by the trump announcement on iran. joining me is david saunders. good to see you. >> good of t to see you. >> maria: what do you want to do in this market. your clients are a lot of institutional investors. what are they telling you right now? >> we have two different camps, two different concerns. one is, what's going to happen to my bond portfolio. we've seen a backup in rates now to 3%. we've got folks out there, jamie dimon suggesting 4% is the next stop. that's a 10%, 12% loss, principal loss. most people look at bonds as a protective area for our portfolio. then you have the other side of the equation, which is the equity portfolio. we've had eight years of consistent run-up where we've seen a lot of movement into

indexation, into the s&p 500. >> maria: etfs have taken market share from mutual funds. >> we're entering the phase of active management. a long, shore manager has the ability to buy things they want to buy, move to sectors of the market and so on. we're seeing clients come to us and say could you please put us in long, short equity instead of having our market exposure. >> maria: we've been waiting for active management to come back for a little while. passive investing has worked. buying etfs, buying the index funds has worked. what is the cas catalyst to get people to start focusing on active in your view. >> i think it's the fed uncoupling from other central banks. we're going to have a disconnect take place. that disconnect is already happening. for the first quarter of the year, we've seen long, short and other strategies that benefit from lack of correlation do well and i think that's going to continue. the general prognosis is higher

volatility across the board which leads to dispersion. winners and losers in the market, not just a beta rally. >> maria: how worried are you about the fed perhaps blowing it and raising rates too much. there is a narrative going around right now that the economy is not as strong as the numbers indicate, that maybe things start slowing down quite a bit at the end of 2019 and going into 2020. if the fed raises rates four times which is what our earlier guest thought from deutsche bank, is that going to be too much? >> there's an ongoing debate, are they raising too fast, are they raising too slow. we have others suggesting because you'll have 4% rates out there that there's a buildup in inflation. >> maria: look how tight the labor market is. >> exactly. we could see the market move ahead of them and then there's a lack of confidence that the fed is on top of things and you create some sort of crisis that maybe the fed's not on top of things. for us, i think in the world of active management, having somebody that can be somewhat nimble and move around makes a

lot of sense. >> maria: are there areas of the world that you think will do well even if we do see this back and forth in the u.s.? i am hearing a lot about emerging markets. do you buy into that? >> i think the rising dollar poses a head wind for emerging markets. that's typically been the relationship between the two and the dollar has risen 12% or something or 4, 5% the last couple weeks. it's anticipated to continue to strengthen. if rates continue to push from these levels at the 10 year around 3 to 4, that's going to attract more foreign investment, more bond buying, et cetera. there's a fine line we walk around where equilibrium is. >> maria: do you think the dollar stays strong? >> i think for the time being it does stay strong. >> maria: because the economy's doing better. 4%, do you think the 10 year goes to 4%? >> i'm repeating what some of the so-called experts are suggesting, jamie dimon came out and said we're looking at potentially 4%. >> maria: he told me that in january. >> our lead portfolio manager

and our big bond fund, he's suggesting something similar, like a 4% number. >> maria: it's at 3% right now. the question is does the stock market take a huge tumble if we see 4% on the 10 year? >> i think the fundamentals, the underpinnings for the economy look pretty good. i think that's an appropriate reset. we dropped rates dramatically to try to stimulate the economy. so between the tax cut, which created a lot of stimulus, arguably just the foreign repatriation of cash is somewhere between a 1 and $3 trillion number. that will funnel into stock buybacks, it's going to be m&a transactions which we expect quite a few of, it's going to be cap ex and so on. so we're looking at a significant pool of capital coming into the market there. on the other hand, you've got private equity. they're sitting on a trillion dollars of unspent capital which translates t 3 to $4 trillion of capital and buying power. there's a lot of dry powder sitting on the sidelines.

the u.s. market cap is a $30 trillion market cap. there's 4 to $6 trillion sitting around that could come into the market on a pullback. >> maria: that tells me the market goes up. that tells me we'll see a rally in stocks. you said. m&a. what industries are going to consolidate the most in your view? >> you're a ceo of a company. your job is to try to grow the business. there's a small amount of organic growth, 2%. one way to grow is through acquisitions. you're going to see that now. one, you've got the fire power. you brought the offshore cash back onshore. two, your stock price is high. you've got two valuable tools to go in and consolidate. >> maria: media? financial services? any industries? >> i think right across the board many health care, you're seeing it. you're seeing it in telecom, you're seeing it in technology. you look at the big guys, the alphabets, the googles, the apples and so on -- >> maria: testifthey've got a lf

cash. >> they will spend $50 billion in r&d every year. >> maria: that's good info. thanks for joining us. thanks for e getting up early fr us. president trump just tweeted this morning. he says the republican party had a great night. tremendous voter energy and excitement and all candidates are those who have a great chance of winning in november. the economy is so strong. with nancy pelosi wanting to end the big tax cuts and raise taxes, why wouldn't we win? that's what the president says going into the november midterms. we'll take a break. when we come back, iran is lashing out at president trump and his decision to slap tough sanctions on the country. the big question now, what's next, what is the plan. we're headed to washington for some answers when we come right back. then royal wedding fever getting small. you've got to see the lego preview of the wedding of prince harry and meghan markel, complete with guests and their fancy fascinators, back in a moment. ♪

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>> maria: welcome back. good wednesday morning, everybody. thanks so much for joining us, live from las vegas this morning. i'm maria bartiromo. it is wednesday, may 9. your top stories right now.

president trump withdrew from the iran nuclear deal. he made the announcement yesterday and the decision is sparking protest and chants in iran of death to america. that's happening in tehran. they are burning the american flag. the commander in chief is steadfast in his criticism of the original agreement. >> the agreement was so poorly negotiated that even if iran fully complies, the regime can still be on the verge of a nuclear breakout in just a short period of time. the deal sunset provisions are totally unacceptable. >> maria: iran's supreme leader taking aim at the president, saying that he, quote, made a mistake. the news rippling through global markets. oil prices are above $70, now at $71 a barrel. iran's crude will come off of the market as a result of sanctions and as a result, oil prices are up $2 a barrel, 3%

higher this morning. futures in terms of stocks this morning indicating a higher opening for the broader averages. we've got a rally under way after a choppy session yesterday. the dow industrials up 126 points, the nasdaq up 25. the major indices yesterday finished little change despite lots of volatility yesterday. earnings continuing to drive the story. mylan reported earnings and revenue which missed expectations on mylan labs. in europe, markets are higher. the fq100 is up 34 points. the cac and dax index have been flat. they have slipped into negative territory by a point. in asia overnight, markets mostly lower. take a look. the one standout was hong kong, hang seng index was up. yields are moving up, interest rates, 10 year treasury yields hovering around 3%. it is up 2 basis points. it's going back and forth between 3% and 3.01%. the equifax hack is worse than

previously thought. the company revealed more people were affected and more information stolen than initially expected. the details coming up on equifax. facebook overhauls its management, the largest shakeup since the company was founded. now the social media giant is eyeing block chain. we'll tell you their plans. singer john legend lending his voice to google's a.i. assistant. the story coming up. celebrating the royal wedding with la lego. the replica is revealed just over a week before the wedding. this top story this half hour, the iran nuclear deal. president trump announced the u.s. will withdraw from the obama era deal, he said it yesterday. >> i am announcing today that the united states will withdraw from the iran nuclear deal. america will not be held hostage to nuclear blackmail. we will not allow american

cities to be threatened with destruction and we will not allow a regime that chants death to america to gain access to the most deadly weapons on earth. >> maria: meanwhile, the country erupted in anti-american protest after the decision. iran's supreme leader pledged to keep spending on its ballistic missile program. he said the president made a mistake. joining me right now is special assistant to the president and national security council senior director for international negotiations victor ca victoria. thank you for joining us. >> thank you,. >> maria: the president suggested what a terrible deal this was throughout his campaign and throughout his presidency. we were expecting the u.s. to pull out. but what's next? a lot of people this morning are saying what's the next step or the plan that the president has in place going forward? >> i think he was very clear about that yesterday when he

talked about the imposition of sanctions. originally what brought iran to the table was extreme pressure, economically, and so that's what the united states will be rolling out over the next 90 and 180 days. >> maria: okay. but with the sanctions, what if other countries do not follow in on those sanctions? will they be as effective if for example the european union stays in the deal and does not institute such sanctions. >> we will be coordinating with our alleys. the united states is -- allies. the united states is the largest economy. we have the most leverage and we can put the most pressure on the iranian economy. i think what you said in the beginning about continued spending on military programs was telling in a way of what's absolutely wrong with the iranian approach. they waste money on things like

that, not investing in their economy at home. >> maria: right an and that's wy the economy has been really weak. in iran, these sanctions will only make it weaker. tell me where you see the biggest bite in terms of the sanctions being put back on in iran. >> well, i think it's those, as you said on the petroleum sector and also on the financial sector many those are the places we have the most leverage and where we can really put a lot of pressure on them. and then of course the path is there for the regime, if they want to get out from under these sanctions, the president's been clear about what his conditions are, the same thing for north korea. >> maria: right, right. and let me ask you one more question about this, because people are wondering what happens with those companies that decide to continue doing business with iran. so we know that as an american company boeing will not sell jets to iran. airbus is going to be selling jets to iran. what is the u.s.'s position on that. would we sanction airbus?

>> i think we're being very strong on this, we're encouraging these companies not to do business with iran. it's a simple choice, would you like to do business with that economy which is basically a ponzi scheme or would you like to do business with the united states. i really hope that all of these companies, our ambassador to germany was very clear about this yesterday, that they would give this a lot of thought before they decided to enter into those contracts. >> maria: so do you think the european leadership right now is considering ways to work with the united states and push back at iran? or are they steadfast in terms of we're going to stay in this deal? >> no, i mean, i think they've been -- they've also been very clear. they have their views on the jcpoa. they've also been clear about its shortcomings and the willingness to work with the president on a better deal, something that is in our favor and not so heavily weighted towards the iranians. >> maria: what i was asking you,

do we know that this is over, that the europeans will not get out of this deal or is there still negotiation and thought to be done on the european side? glbs >> absolutely. i think the president's meets with chancellor merkel and president macron last week were extremely productive. they didn't get the result they wanted but i think the conversations will absolutely be ongoing. they say what happened overnight in tehran. this is not a friendly nation and hopefully we will get to a better place with them. >> maria: when you say what happened overnight, you mean the burning of the american flag and the chants of death to america? >> yes. i mean, because we got out of the deal. >> maria: it was pretty significant, what we saw overnight, right? >> they've been doing it for 40 years. it was not a big surprise. >> maria: right. sure. the president also announced some news yesterday, aside from pulling out of the ra iran deal,

announcing a surprise visit for mike pompeo. listen to this. >> at this very moment, secretary pompeo is on his way to north korea in preparation for my upcoming meeting with kim jong un. >> maria: victoria, that was a big surprise for many of us, secretary of state pompeo in north korea for a second time now, already making a splash with a toast at a working lunch with north korean officials. he said this, for decades we have been adversaries. now we are hopeful that we can work together to resolve this conflict, take away threats to the world and make your country have all the opportunities your people so richly deserve. pompeo's surprise trip to the korean peninsula comes ahead of this historic trip between president trump and kim jong un. what was the reason for that? tell us what the u.s. is trying to accomplish. >> well, i think the president very deliberately linked these two things in that announcement yesterday. it wasn't an accident, s

sequencing of it. i think what he was trying to express is the united states is open to negotiation, we do want to come to a better place with these adversarial regimes but the jcpoa was not the way to do it. he's charting a new path with north korea, where you exert maximum pressure so they know that you're not kidding around. you have a credible threat and then you say okay, if you are ready to come to the table, the united states is ready to talk to you. the president understands the threat posed by north korea, something he very much wants to mitigate manufactur. >> maria: when will we learn when the date and place is for the meeting with kim jong un. >> that's the president's announcement to make. i'll let him talk about that. >> maria: let me turn to another story that we've been following and that's gina haspel, president trump's choice to head the cia.

she'll be put to the test during the confirmation hearing today. a fierce debate has engulfed washington over haspel, a career undercover spy, suitability to run the agency. what are you anticipating for haspel's hearing later today. >> >> it will be a tough hearing. i hope they will be fair. gina is terrific. she's an absolute con consummate professional who has come up through the ranks. she has earned this through her grit and determination, intelligence. i think she's the perfect candidate to run the agency during this period and i'm very hopeful that as senator cotton said earlier today, he anticipates her having some pretty broad bipartisan support when this is over. >> maria: all right. we will leave it there. thank you for joining us this morning. >> thank you. enjoy las vegas. >> maria: thank you so much. the president just tweeted again this morning, we want to bring this out. he says this, the fake news is working overtime, just reported that despite the tremendous success we are having with the economy and all things else, 91%

of the network news about me is negative and fake, why do we work so hard in working with the media when it is corrupt. take away credentials, question mark, is what he's threatening for the media this morning. all right. we will take a break. when we come back, the massive equifax breach affected 147 million, it's worse than previously thought. more than that. new details on the hack disclosure coming up. no ordinary assistant, singer john legend will soon be at your beck and call, thanks to google. we'll tell you how. stay with us. ♪ think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income.

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and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. >> maria: welcome back. now, walmart is going head to head with amazon in india. cheryl casone has the details on this new acquisition. >> cheryl: it's a big deal, maria. walmart is buying soft bank's controlling stake in india's

largest e-commerce company. price tag, $16 billion. this is the largest acquisition ever for walmart. they will now own a 77% share in the unprofitable, we should say, e-commerce start-up. it will give walmart access to a market it has wanted to enter for years, that is india. shares of walmart are lower in the premarket, down 3.5%. equifax is once again revising the number of people whose information was stolen in that massive hack last year. it started at 143 million. then it was 145 million, now it's 147 million. this latest figure released in an sec filing. this is names, dates of birth, social security numbers, that was most of the data that was stolen. they also got some driver's licenses, taxpayer i.d. cords, passports and some military i.d.s in this giant thing. shares of ebbin equifax down 4%r the year. the stock has been trying to recover but not so far. a major management shakeup at

facebook to tell you about this morning. the company confirming to the wall street journal, the chief product officer, chris cox, will oversee the facebook app instagram, what's app and messenger. this is big. david marcus will be in charge of a block chain division at facebook. marcus joined the base of a cryptocurrency exchange late last year. the restructuring is also going to affect more than a dozen other executives. this follows that massive data privacy scandal that facebook has been dealing with via cambridge analytica. shares are higher ahead of the opening bell. google is showing off their home assistant. it's pretty impressive. here's the google assistant calling a hair salon to book an appointment. listen. >> how can i help you? >> hi, i'm calling to book a woman's haircut for a client. i'm looking for something on ma.

>> sure. give me one second. >> uh huh. >> cheryl: look at the crowd, they were like wow, pretty real, right? the person on the other end of the line had no idea they were talking to a computer, digital a.i. helper. theuthe update will have six new voices. john legend's voice will be on google's assistant. >.looks like he's enjoying being somebody's assistant. shares of alphabet up 10% over the last year. now back over to you in las vegas. >> maria: that is funny. thank you so much, cheryl. president trump just tweeted again. here's what he is saying this morning. candace owens of turning point usa is having a big impact on politics in our country.

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>> maria: welcome back from las vegas. another king is grazing las vegas. items once owned by richard petty are up for auction this weekend in sin city. the memorabilia that once belonged to the greatest driver in nascar history ranges from suits to race cars. we have julianne's auction's executive director. great to have you here. tell us about the buzz around richard petty and the auction here. what are you expecting? >> nascar is such a huge sport.

richard petty, so beloved. it's a fantastic auction. this is becoming more and more popular, people want to collect these items. we have over 172 las 172 going e auction block, amazing items representing such a long career, such an amazing guy. the winningest nascar driver of all time. >> maria: we have a resident expert on nascar with us. dagen is in new york. what do you think about this? we have petty's 1981 dayton 500 victory trophy which would be the last of petty's seven dayton wins, dagen. >> dagen: maria, i think actually some of that video you're showing of richard petty is an interview i did with him at the daytona 500. it would have been a little more than seven years ago. nascar is very special in terms of people collecting memorabilia. i think the fans in that sport, myself included, i have a signed

tony stewart fire suit that hangs in my office, there's a real -- >> maria: do you really? >> dagen: yeah. there's a real collection with collecting memorabilia of your favorite driver. there's some other things i know that you want to talk about in this auction that are truly spectacular. >> maria: which is why you think you're going to raise about $1 million. >> yes. it's so beloved. you see those amazing trophies, 100, 200,000 for the darlington, and the 1981, the sevent seventh daytona 500, something for everyone. we have a golf cart made by the petty garage for his 80th birthday last year. i think they're trying to transition him out of the racing car, into the golf cart which goes at 19.5 miles an hour. >> maria: how do you like this jacket? we have a petty worn and signed stp racing jacket. this is pretty gorgeous. >> it's a beautiful jacket.

>> maria: tell us about that. >> jeff hamilton designed it, made for richard petty. his name is on the pocket inside. the king actually signed this jacket. it's estimated at $1,000 to $2,000. that's a conservative estimate. this was really important to mre put together the auction. they wanted something at every price point so the fans -- he has such a loyal fan base, the nascar fans are rabid about their king, richard petty. every price point is represented in the auction. >> dagen: rabid indeed, rabid indeed. >> maria: it seems like an affordable price for $1,000. thank you, martin. great to see you. we'll be right back. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

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the commute is worth it.me, the more you know you and that john deere tractor... you can keep dreaming up projects all the way home. it's a longer drive. but just like a john deere, it's worth it. >> welcome back. good wednesday morning. thanks so much for joining us here live from las vegas i am maria bartiromo. it is wednesday, may 9, top stories right now 8:00 a.m. on the east coast, president trump, temperature inmates u.s. involvement in iran nuclear daem yesterday slammed the negotiation tactics vowed to reinstate sanctions on iran special assistant to the president victoria coats weighed in when i spoke with her night is clear to me that

we cannot prevent an iranian nuclear bomb under the decaying rotten structure of the current agreement. the iran deal is defective at its core. >> rouhani vowing to continue to spend on military programs really -- telling, and illustrative in a way of what is absolutely wrong with this iranian approach they are wasting monday on things like that not investing in their economy at home. maria: coming as iran supreme leader called out president saying that quote he just made a mistake, servers reacting to president trump decision on iran futures rallying this morning, expecting strong start to trading in about an hour and half, although here we are off highs of the day i should point out we were higher 150 earlier this morning, showing a gain of half a percent on dow quarter% higher on nasdaq in europe this morning things turned mixed take a look at

european indices where you see ft 100 higher almost half a percent cac quarante in paris down, a fraction, and the dax index in germany also down a fraction. in asia overnight markets closed mostly lower, as you see there fractional movers pretty much much, oil prices action is covering around 71 dollars a barrel. at 70.94 up 2 3/4 percent on washington decision to reinphosphate sanctions on iranian crude will reduce the buys in global oil market interest rates higher 10-year treasury yield 3% right now take a look. we had had been up to 3.01%, three -- now up two basis points 3% even. all eyes on west virginia patrick morrissey beating out don blankship in gop senate primary race yesterday smart majority lead mitch mcconnell digging with the blankenship with a tweet featuring a cocaine reference we will show

you primary election results disney revenue soared part of blockchain success of "black panther" we break down results it is a disney. >> nothing through salty mariner pull it cher throws amazing no-hitter highlights this hour coming up this wednesday morning joining me in new york, to be talk about it dagen mcdowell, dagen neshl busy what stories talk about this morning, the news just keeps on flowing. dagen: have you ever seen this incredibly busy? dagen: no n a stance where not driven by president trump and what he is saying on twitters although he has been tweeting, a lot this morning, as he always does, but we're talking about the iran nuclear deal, watching oil prices in relation to that disney earnings we could talk about that you name it. it is up for grabs, and nancy pelosi says she spends your money better than you spend your he own money want to take

away tax cuts in store for america. maria: you know i was really struck by that, nancy pelosi saying we are going to come out with a new taxi reform package if we win in november, they have to explain why none of them voted for the tax plan in the first place. >> i agree not one voted for it and then tinder around complained that it is driving up the debt they didn't care about for years and years and years when a democrat was in weathers oh upsettings tax cuts for individuals, weren't permanent and that factoid she through out about the more than 80% going to the top 1% is just -- well that is just a lie. >> not true, not true, i mean -- somebody has got to push back, when she says things this on the spot to make her explain herself, by the way, if they try to in wind and reverse the tax cut plan i imagine the president will veto that. >> so there is that which not

spoken about two interviews coming up in las vegas this morning i will be speaking ask ask a exclusively to former vice president dick cheney his take on all hapgz in the world former defense secretary director of the cia leon panetta will join me airing tomorrow morning 6:00 a.m. eastern don't miss it, we are going to be, doing those interviews late here in las vegas. first is this the world former president obama is reacting to president trump, withdrawing u.s. from historic iran nuclear agreement, president obama, came out with a statement yesterday, almost immediately after the president's press conference blake burman live at white house with the very latest. reporter: president trump saying yesterday that he was concerned about iran's military build up in the last few years, concerned about their destablelizing actions middle east biggest pursuit of nuclear weapon in room at white house yesterday televised speech president saying u.s. will not be held

hostage to nuclear blackmail. >> if i allowed this to stand there would soon be a nuclear arms erase in the middle east everyone would want their weapons ready by the time iran has theirs. >> also, reimposes sanctions over time 90 days from now august 6 purchasing requiring u.s. dollar, in iran, purchasing facilitating iranian debt and sanctions on iran's automotive sector in 180 days on november 4, sanctions would include, port operators shipping industry transactions with central bank iran on energy sector, the president has now withdrawn in his first 16, 17 months in office, the united states and trans-pacific partnership trade deal from paris climate accord to iran nuclear deal in a statement yesterday president obama reacted by saying quote, there will

always be changes in policies and priorities from one administration to the next, but the consistent shrewding of agreements our country is a party to risks eroding america's credibility puts us at odds with the world's major powers, that from the 44th president yesterday maria. maria: yeah, interesting how quickly he responded, typically you don't see presidents responding to successor moves like putt bush didn't say a word during president obama's presidency. >> aatypical to do something like this not first final reacting notable with this the lengths of this statement, president obama ticked through different things he disagrees with put it out there for everyone to see. maria: sociohe did blake burman live in the white house joining me to talk about that he oklahoma senator, good to see you thanks for joining us. >> good to see you, good to be with you. maria: so i want to ask you,

about the iran deal complications first let me get your reaction to president trump's predecessor president obama slamming his decision on iran nuclear deal. >> i can understand that, president obama worried about losing his legacy, in this agreement, and this change. i don't think loss of a legacy for him in that sense he was able to hold iran back a couple years quite frankly the deal was bad from the beginning, many of us myself included said a very long time president obama can make executive deal with him doesn't hold force of all americans on when it comes to congress he was afraid to bring this deal to congress he knew it wouldn't pass through congress, we saw the gaps in the missile testing we saw gaps in the 10 year senset gaps anywhere iranian swaps in there major problems from the very beginning identified, so just made a deal one president to another leader in iran, can be changeded by next president of the united states. maria: right, but like why? i mean you look at some deals. why is america always at

losing end you are right make a really good point had this been brought to the congress, this would never have passed. >> it would not have passed because so many people saw a bad deal from beginning, again anything that sets a 10 year pro for iran to get to a nuclear weapon bad deal allows missile testing that is a bad deal on, two things they really needed they have nohow netanyahu released that they are advancing towards nuclear weapon they had no ohio needed more time, able to finish delivery vehicle and missile they needed more money to be able to finish research this gave two things needed most time and money, and that is the problem, quite frankly for president obama -- president trump, stepping up now to say we need to be able o renegotiate now rather than waiting years, puts united states in a better position for negotiations president putting iran in better position for negotiation -- >> what is next the next question everyone is asking,

where do we go now? and is there a backup plan? should nobody else follow the u.s.? >> i would think most people will follow u.s. on it within 180 days country make decision whether they want o to do business with iran or united states i would expect most countries would want to do business with united states more than iran since 25% world's economy so that is the decision they have got to make within next six months. so this givers them a little bit of time to be able to make considerations, be able to put their house in order i would hope meantime iran would come back to the negotiating about table think of said publicly over and over again we don't want a nuclear weapon we're not going towards nuke weapon very simple step away from missile testing step away from research, and do a real negotiations to be able to finish this out, if they don't want a nuclear weapon fine this should be easy negotiation for them. maria: wow, that is really interesting you do think maybe iran rethinks this comes back asks for a different deal?

>> i would hope that they would that is a best solutions quite frankly. >> we got to ask about gina haspel secretary pompeo in north korea working on this coming meeting between the president, and kim jong-un as well as releasing threemens did he contained by pyongyang coming out of historic summit your take on mike pompeo in north korea what can be accomplished. >> second trip to go back to north korea to do advance work, important two leaders north korea united states meet high level advanced meetings what this is the key thing north korea could do, to send a good message, prior to this is to release three hostages that they've. that are united states citizens they have been holding hostage in labor camps a very long time released those individuals as goodwill guessture turky needs to do same holding americans hostage, we need same action from turky that we need from north korea it is positive

thing mike pompeo continues to be able to advance negotiations we need for the benefit of the regional and the world with. >> cia officials are throwing support behind gina has pep president trump nominee ahead of cia confirmation hearing before senate intel competent she is expecting to face tough questions right about her role in the enter investigation. >> i have no issue with tough questions, put faction rather than accusations leadership of cia from multiple administrations republican and democrat including president obama, leadership cia director of national intelligence, supporting gina haspel has been a career certify vabt in the cia more than certify vabt more than three about decades stellar record areas some people making accusations reviewed by obama administration department of

justice inspector general no issue with gina haspel in any acts this has been reviewed old news she is excellent career professional about time cia, through ranks to be able to lead cia. >> so you think she will see success today or democrats pushing cia to declassify documents about her role, even as republicans are heading back against it. >> it is interesting, as a member of the intelligence committee members of the intelligence committee republican and democrat have access to those the dplaments saying should be declassified they can see it read it i encourage them to be able to go through those documents put quite a bit on tabling unprecedented amount put out from cia for individual senators to be able to read go through i am not for declassifying everything there is a reason things are classified top secret clearance should be able to evaluate it see facts. >> quick on rescission package

capitol hill, congress reviewing the white house's rescission package to cut 15.4 billion dollars on spending, will you be successful in that? >> i hope he is actually, many rescissions are elements are areas taken up each year by congress to look at old spending that was allocated that was never used, some is from loan programs have not been used since 2011 or 2012 money sitting there will get grabbed respent in places would be better for the economy to just do that, for deficit reductions. >> watching all developments good to see you thanks so much. >> good to see you as well, thanks. >> we will be right back. stay with us. with tripadvisor, finding your perfect hotel

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that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade maria: we are coming live from context leadership summit in las vegas big wins in primaries in four states for the gop donald trump pick being to run for senate in west virginia, topping controversial candidate don blankenship just -- live right now in west virginia with the very later good morning a lot of activity there. reporter: good morning to you maria yeah, i think the republicans probably nationwide breathing a sigh of relief they don't have to defend a -- ex convict as a candidate in the fall pat iconic morrissey the attorney general here republican attorney general, state of west virginia the nominee to take on joe manchin in the fall morrissey is 50 years old

first republican attorney general in the state since 1933, supporters last night man not far not east said in a tweet, that -- maybe don blankenship is not a good idea. >> mr. president if you are right now let me tell you your tweet was huge! [laughter] >> indeed don blankenship coal company executive a year in prison called out people from china as china people, swamp people, and called cocaine mitch a name cocaine mitch for majority leader, folks from the mcconnell campaign have not -- with blankenship tweeting a picture of mitch mcconnell playing off narco ad on netflix show on netflix

says thanks for playing, quite a campaign here, maria, but over now, i g is -- swamp people blankenship campaign they needed people not enough for blankenship. maria: i got to tell you i am shocked at all cocaine reservations. i it is amazing. >> you know a reference to, elaine chao's father owns a shipping company once cocaine was found onboard tie prettyy tenuous politics. maria: i am glad you explained that, thank you so much jeff flock joining us in virginia three other states held key primary elections cheryl casone was that in new york with results. cheryl: maybe they want colorful but got other results this morning, first ohio voters put up a rematch between republican attorney general mike dewine democrat cordray unseated by dewine in

20 so now they are running, to succeed governor john kasich president trump tweeting congratulations to mike dewine big win great fascinate ohio will be great governor heavy focus on health care and jobs in november opponents should not do well in you are in last -- clamation mark. >> indiana shows brawn over two sitting congressman joe donnelly in midterms, finally in north carolina incumbent charl lost his seat to mark harris, he nearly beat two years ago. well house minority leader nancy pelosi, laying out a major goal, if the democrats take control of congress in the midterm pelosi speaking asked about "politico" said her party wants to roll back rep tax reform law says the

legislation should be revisited and a bipartisan transparent way. >> i do object, so what they did dark of night speed of light put forward something that -- that -- top 1%, 86 million income family will pay more taxes. >> presumably president trump will vote a legislation seek to go over turn the overhaul plan back to you. maria: yeah, dark of night they couldn't have been more transparent about tax plan take a break president trump decision to pull out of iran in nuclear deal has winners and losers, we are going to tell you about one clear loser boeing, next. we know the value of trust.

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coming live from leadership summit in las vegas, the u.s. is withdrawn from iran nuclear deal nicole petallides on the floor of the new york stock exchange the complications and details would not have been a surprise to boeing good morning. >> it could not have been a surprise to boeing we knew what president trump had been saying all along you watched on campaign trail the stock up a half percent this morning interestingly enough, what we're hearing from bernstein broker, basically saying it will have minute minimal impact on boeing, boeing will lose out on 20 billion dollars, in deals, due to the iran sanctions, but, again, the analysts there saying that the total number of in other words acted represents 2% of combined order backlog we also have secretary mnuchin saying that the licenses for boeing airbus to sell passenger jets to iran will be revoked then we move to other story, this is disney and this story we

have bob iger expressing confidence in deal with fox that 52 billion dollars deal, is a bidding war between comcast increased the offer increased cash portion disney did beat handily the stock is down, 20% and hilt a new high yesterday, watching number after the bell maria profit should be on rise we will watch today, also increasing collecting of fees as well back to you. maria: all right. thank you so much expecting a higher opening for obstruction of justices nicole we will see you later in the day, coming up oil prices jumping president trump pulled u.s. out of iran nuclear deal across middle east as well as u.s. oil prices up two and two-thirds percent self-driving cars in spotlight after a fatal uber accident in

arizona, self-driving cars hitting the road in florida members of the public can get a ride we will take you there next. stay with us. with special editf

"mornings with maria" live from the summit in las vegas. maria: welcome back from las vegas i am maria bartiromo. thanks so much for joining us this wednesday morning, it is wednesday, may 9 your top stories right now 8:30 on the east coast, right now. president trump, tests kept another campaign promise withdrew united states from iran nuclear detail yesterday the president slammed the obama administration's negotiations he vowed to reinstate sanctions on iran, the leverage was outlined earlier in the show. >> this was a horrible one-sided deal that should have never, ever been made. it didn't bring calm it didn't bring peace. and it never will. >> petroleum also on financial sector places we have most leverage where we can really put pressure on them, of

course, the path is there for the regime, if they want to get out from under sanctions president has been very clear about what his conditions are. maria: futures indicating markets open higher this morning we are getting ppi out up one-tenth of a percent april veers estimate 2/10 of a percent producer price index inflation noninventory for april, futures are showing a gain start of trading up 108 points on dow, nasdaq up 20 s&p up 10, we are expecting a strong opening, in about an hour. in europe this morning, markets are mixed take a look at european indices as we await bank of england decision on interest rates, ft 100 up 36, one half of a percent cac quarante in paris dax in germany fractionally lower on session in asia overnight markets mostly lower take a look, that is -- hang seng a gain others lower, interest rates on the move 10-year treasury yield is back above

3%, 3.01%, up 3 basis points interesting 3.01% in 10 year in stocks rally, driving into future taking you behind wheel of self-driving cars in florida. later this you are who, stay with us for that, we take you to tampa first topping, market reaction for president tough iran sanctions after a bumpy day yesterday oil futures return to 3 1/2-year highs 71 dollars a brarl as you saw, comes as saudi arabia promised to help stabilize the oil markets to end u.s. participation in iran nuclear detail will maintain lease uranium on global about markets saidid will pick up speed to fill that oil up 2 1/2% right now joining me is chief economic adviser mohamed el-erian good to see you. thank you for being here one important point is return

volatility a lot of. >> i see good thing you long-term investor should be happy we are exiting what was very unusual regime, last few years a very repressful everybody was afraid once that changes how will markets biography, guess what we've had now five months of that, and, ma are functioning well wl important ensure help i want to did about federal reserve your reaction to what took place yesterday u.s. pulling out of iran nuclear detail saudi arabia now is saying, its trying to diversify economy dependence on oil revenue not just dollars and cents crown prince mohammed bin salman told me in riyadh. >> -- prior to 79 that -- entire region you have after, for many reasons today is not the right day to discuss them -- we only wanting to

back to what we were, the moderate -- open to the world, open to the all refugee. >> we got breaking news to get out president tweeted this -- mike pompeo has hostages i am pleased to inform you secretary of state mike pompeo in air on his way back from north korea with, three wonderful gentlemen everyone is looking so forward to meeting seem in go a health good meeting with kim jong-un, date and place has been set for the president's meeting with the head of north korea. wow, mike pompeo went to north korea and he is delivering those three hostages, that have been in iran, for years. mohamed this is big news. >> that is wonderful, that hostages are coming back. >> yeah. >> wonderful that progress. and tells that you the markets reaction to the iran yesterday is -- i think markets have

understood is that these are part of a process what economists call multigains can have good outcomes that is where the markets reacting the way it is today, announcement news from korea wonderful. >> i want to ask your take on the economy right now, i was noticing the -- index a shipping index tracks cost of transporting reward temperatures up 50% since beginning of last month has been surging past 1400 level, overnight, this is typically a market indicator, economic indicator isn't it mohamed look at surge last month. >> u.s. economy is doing fine, if you like running on all cylinders, consumption. >> government spending fine in doing great the problem maria is that the rest of the world is no longer gaining traction, starting to slow.

>> a while we are saying this is first time, all global academies are synchronized, you are saying things are diverting. >> we saw correspond allocated growth got expedited synchronize feed on each other but growth for different reasons u.s. policy led in response to deregulation, europe natural healing process come out of hospital walk a little bit better you can't run structurally impaired brazil from that --, commodities all came together happy coincidence now realizing, that the only economy has legs to it right now is u.s. >> interesting will the fed mess that up, so federal reserve has short term interest rates steady central bank seems on tradition being to ray of next meeting in june, some economists believe two more hikes this year some even think three economist from deutsche bank earlier

said no three more this year what do you think. >> i think we get would more this year. maria: that is what i think. >> i think the market is comfortable with that more generally he fed on beautiful -- it has done it very well so far, the fed will not derail this economy fed is very careful about this. i think that this economy actually has a lot of strength we have to make sure that we get help from overseas. and that is where you need good policies in europe that is critical. >> waiting on bank of england likely that they are going to hold interest rates unchanged, in england, but how will they do that how do you get europe to grow the way the u.s. is. >> -- the bank of england a un m ago, the market was pricing 90% probability of a hike. . near certainty, and that came down to 20% last week. why? because people realize the growth context in europe, europe has ability to grow faster they need to implement

pro-growth policies they can do that they have the ability it is a question as whether political willingness. >> political will seem very long in united states for sure, president is tweeting again this morning let me get this tweet out, the president says i am pleased to inform you secretary of state mike pompeo is in the air on his way back from north korea with the three wonderful gentlemen that everyone is being looing forward to meeting they seem in go a health good meeting with kim jong-un, date and place set goes on to say secretary pompeo and guests landing at andrews air force base 2:00 a.m. in the morning i will be there to greet them exciting president will meet those three hostages, pretty incredible isn't it. >> change in tact tick right time, can be what -- >> -- in public tend to think disruptive politics is bad it

can actually get different outcomes. >> a lot of bold decisions including the tax reform percentage what is impact in your view of some policies out of this administration, we can't underestimate if strength and the power of the rollback in regulations either. >> right, i think three elements to the pro-growth agenda, two of can when have been implemented the third one is important deregulation enabled private sector to do more, tax cuts, that helps on demand side and the third thing really important must not forget infrastructure plan, that the -- administration is working on, and that hopefully congress will adopt brings in you want to crowd in private sector, kind of cash on sidelines. >> good thing. >> if you crowd that into productive activity, economy gains even more traction. >> infrastructure plan is a job creator. >> it is -- it is absolutely, really important. >> happening, let me get your take on oil because oil now,

71 dollars a barrel, on idea that maybe we see, lower supplies in global market with iranian oil gone your take is that going worrying you in terms of lowering the rate. >> supply story not a demand story you had actual reduction in output venezuela you had saudi russian authorities continuing to cooperate to limit opec -- supply now you have expectation of lower supplies from iran, because of direct sanctions secondary sanctions, that shale oil i expect you are going to see shale energy back on stream much faster than it has and that is going to be the -- equalizeing, i am not -- again i don't think higher oil prices are going to derail this economy. >> okay, about what about growth in the next couple years? because there is a necessitate

-- a narrative, 2.7 or 3% growth this year, things slowdown, are, president dow federal reserve said a number of times on this program told me recently he thinks we are 1 3/4 percent growth by end of '19. >> i think a risk not a baseline we get to that level, if companies don't invest, the rest of world really slows down we are capable of two and a half to 3% growth but let's continue on policy side i will emphasize, infrastructure, why because that is the most private investment that is critical for jobs, critical for the well being of the economy. maria: right why because president said that he wants a 1 or 1 1/2 trillion-dollar infrastructure only -- the rest private, public/private

partnership big stop, the market failures if you have a little bit of value-added between this value-added and small if you can complete the chain, you get a massive response i think that that exact thinking where is market failure how can we address it you can get a lot more growth out of this economy. >> quick on markets, what does that mean to markets what do you tell clients today with this volatility coming back down market so far this year. >> another way, last year -- okay if i had sat with you a year ago said maria we are going to get 20 plus returns, in the market you are going to make money on bonds, guess what? this is going to be -- no volatility what have you been drinking? -- last year, so certain payback for last year that is why we've gone sideways most of the year, but hasn't gone sideways, price the return of normal volatility, that is really important for the health of the economy. >> great to see you mohamed

thanks so much, mohamed el-erian. >> secretary of state mike pompeo en route back home to the united states has the three hostages with him, and he will land at andrews air force a business 2 a.m. eastern time president trump will be there to welcome three hostages and mike pompeo after with a what he said was successful trip in north korea. >> one company test dries we will take you there. >> seattle mariners by cher did something no kairnd player accomplished before a "no" have ittesh back in a minute. a no-hitter, back in a minute. ♪ .

maria: welcome back, beautiful las vegas we are here for the leadership summit brings together investment managers alow indicateors capital discussion on current financial landscape i will moderate a panel on future of u.s. politics stay tuned tomorrow interviews beginning 6:00 a.m. eastern speaking exclusively with former vice president dick cheney form secretary of defense cia director leon panetta one-on-one interviews before getting onstage interviewing them in front of the big crowd here joining me right now ceo of context capital partners, thanks so much for having us. >> great to have you -- >> we are here with you, a lot of big names at conference obviously, about tell me more about the context leadership summit what your trying to do. >> so context is in the business of alternative investment strategy, our parent company in essence launches strategy by deploying limited partner capital into

new strategies that are run by teams have a great track record along the way we thought it would be terrific to marry that with a conference business that would bring together other allocators make it easy for those fund managers to meet trying to deploy capital we run that business five years successfully, largest conference in the world now, and this event in las vegas is our first sort of hybrid event thought leadership marrying with one-on-one meeting format first today is great line of speakers, then thursday and friday one-on-one meetings. >> you've got stan fisher from federal reserve vice chairman mohamed el-erian alow indicateors, mohamed he will er where an former chief economist imf a sense of the economy as well not just markets. >> right because now especially in the investment business you need to keep your

eye on everything not just, about price movements stocks and bonds you need to pay attention even to twitter obviously now primary communication for the white house we mot bringing a group into the room exposing them to thought leaders from sort of every angle was really sort of the most compelling way to build event. >> compelling time for about you right now when you look at context capital in general because, the stock market is -- yes, we have volatility, but really no big changes, people are looking for alternatives. >> absolutely, this is a great time, hedge fund index has beaten s&p year-to-date for the first time in about 10 years. maria: wow that is a big deal. >> really is i think, and we've seen in investor surveys conducted this year that investors issue more focused on alternatives than they have been for many, many years. maria: explain what alternative might be it could be real estate, right? it could be -- what is alternatives that you focus on. >> generally it is anything that is in a private fund veg,

is in the alternative coy can be real estate focused, hedge funds generally considered alternatives private equity funds, so we have also seen a move towards more illiquid strategies moving from object obscure stock markets more twaudz fine niche strategies. >> of your clients negative on stock market, though as they look alternatively or just worried. >> i tell you in miami february our event there surveyed 400 investors, roughly 70% said they did not expect the stock market to perform as well this year as in 2017. so they are absolutely looking for hedges, alternatives to mitigate some risk. >> i understand that 2017 was pretty unique. >> it was. >> i mean all record highs one after the next, incredible, good to see you. thank you for joining us thank you so much for having us at your conference. >> thanks for being here.

>> appreciate it, again i sit down for exclusive interview with former vice president dick cheney former secretary of defense leon panetta us into tomorrow morning 6:00 a.m. eastern, when we will be right back. pah! that will never work. no, no, no, nah. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar.

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you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. maria: welcome back, ares successful driving cars if spotlight wake of a fatal uber crash in arizona killed a woman crossing street according to report that successful driving car detected the woman decided not to react immediately two months after the accident, self-driving cars are on the road if a major highway in florida members of the public can test it out, in tampa more on that, good morning to you. reporter: good morning like any moment this self-driving car is going to hit major florida highway going up to 50

miles per hour with members of the public in it for demonstration purposes want to show you how driverless this car i driver had a cup of coffee no hands on steering wheel executive has been jumping in front of the car to progressive it stops we spoke to 9 -year-old man and -- 92-year-old man grandson in this car here when is what that man had to say. >> what are your thoughts about to embark on this journey? >> he will with, it's, that otherwise -- in our country, had a chance to do that -- >> would you buy one of those cars drive you around. >> if i had the money. i would. >> now through friday researchers teamed up with city of tampa, and engineers will compile how public feels about cars not hiding the roads tomorrow but engineers say just like cell phones

changed our live these cars can this particular model, includes a combination of safety including cameras, radar and laser imaging focused on exterior the woman walked in front of the car in arizona trying to prevent that from ever happening again. >> we will follow this important story, for sure, in tampa this morning. we will be right back. ♪ kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom?

life well planned. . . we know the value of trust.

we were built on it. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day.

wells fargo. established 1852. re-established 2018. maria: welcome back, final thoughts right now, let's get to dagen mcdowell in new york. dagen, so much going on this morning. i was reading twitter about eric schneirderman, we have the hostages on the way back, the president is going meet them at andrew's air force base at 2:00 a.m., what's on the radar, what's important to you. dagen: what you just said because there's so much negative focus on president trump deciding to pull out of the iran nuclear deal. by the way, 61% of congress voted against it. the fact that the president at 2:00 o'clock in the morning will be at joint base andrews to greet hostages, another step toward denuclearization of north korea. maria: isn't it incredible that nancy pelosi says the tax plan was done in the dark of night?

meanwhile they did an iran deal and didn't check with congress and they did obamacare and they did that behind closed doors. dagen: it's because the individual tax cuts expire. maria: that's the bottom line, dagen mcdowell, we will see you tomorrow. thanks so much for joining us, varney & company begins now. here is charles payne. charles: i'm charles payne in for stuart, a major foreign policy victory for the trump administration and america, secretary of state mike pompeo on his way right now from north korea and guess what, he has three american prisoners, they are on the way home. following trump's decision to withdraw from the iranian nuclear deal huge political and foreign policy and business implications. it was a big night for the