or not the fed really does control interest rates. [closing bell ringing] they do control the fed rate but the markets are closing and again not an impressive gain. looked like we were going that way when janet yellen was seeming to be quite dovish in her remarks. they looked twice. there were some indications there may be two rate hikes before the year is over. whether that is true we'll have to wait and see. bottom line the market, a lot less sure of itself now than it was about an hour ago. while markets wait for tomorrow. here is everything you need to know right now. not ready for liftoff but the fed signaling that rate hikes are likely before the end of the year. here are michelle meyer, deputy head of u.s. economics for bank of america merrill lynch and cme trader todd horowitz. todd, let's talk about market reaction first if we can. they seem very enthusiastic what was happening. they calmed down a little. what happened? >> hi, david, hi, melissasa what

we're seeing in the market, a market just in a big consolidation range. the bonds are telling us that rates were going to be risen. market says they are not. i don't think rates can rise anytime soon. think we're at least a year out before they can attempt to raise rates. markets were excited for a moment. we're still in the tightest range percentagewise since 1900 in the sock -- stock market. david: michelle, we look at 10-year rate to get an idea what the market rate as opposed to what the fed rate is. how do you think the market rate will react, particularly the 10-year bond? >> you know i think the message from the fed today is that they're so betting up to start the normalization process but they don't want the markets to focus on date of the first hike. they want the focus on the what pact look like. what they tell us path is little lower. they're a bit more cautious

about the ability to raise interest rates, quickly at a high level. so from the market's interpretation, they should be saying this as environment where rates will remain low for a period of time, even when the fed beginnings its process. david: todd, very quickly on that 18,000 number on the dow, seems every time we hit 18,000, it comes back down again. is that what we're seeing for the rest of the year or will we see it reach above that 18,000 level and stay there? >> david, we're going to break out very wig one way or the other. my side is the downside. but we could break to the upside. we'll break out of the very tight pattern we're in. i expect to see a 10 to 12% move one way or the other between now and end of the year. david: wow. ed to, thank you very much. melissa. melissa: reporting fourth quarter results. ashley webster on the floor of the new york stock exchange for us. ashley, what are you seeing? >> hey, melissa. we have a miss on both the earnings and revenue. the estimate for oracle fourth quarter was 86 cents on the eps, the earnings per share.

it came in at 78 cents. revenue estimated at 10.92 billion. that number coming in at 10.71 billion. so again both a miss on the earnings and the revenue. the stock as you can see moving lower, down more than 4% now in after-hours trade. melissa: all right. ashly, thank you so much for that. >> my pleasure. melissa: the days of corrupt hiring at the faa might be numbered. scrutinizing faa hiring practices following fox business's report. the inspector general of the department of transportation is now on the case. the d.o.t. initiated its audit shortly after the faa announced an internal probe. adam shapiro has the insider information what is next for the faa, adam. >> let's put this in perspective, yesterday, it was just announced today, the faa director, michael huerta said we'll do internal investigation of what fox business uncovered, cheating and corruption within

the faafaa says we'll take care of this. we'll do internal investigation. they're responding to our investigation as well as a letter from the aviation subcommittee chairman saying we need answers. the department of transportation 20 minutes ago said no, the internal investigation doesn't cut it. now the inspector general at d.o.t. is trumping mr. huerat. they're launch their own investigation and will determine what is the justification for the faa to adopt new hiring process and changes that occurred in the hiring pool since the process was eliminated. to remind you, fox business played a recording for you where an faa employee and others within the hl department tied to that employee offering applicants in the air traffic control system the ability to cheat on a key test. now, in the letter from mr. wear at that. i want to read what he wrote trying to do internal investigation. quote, i am troubled by recent news reports alleging possible misconduct during the hiring

process. that is from michael huerta, faa administrator. the d.o.t. is saying move aside, our ig will investigate this. safety in the skies is what at stake. people coming into the air traffic control system may not be up to snuff. ad back to you. melissa: adam this is tremendous report being to push this forward. what do you think happens next? >> critics say the internal investigation would have been a whitewash. they were concerned nothing would come out of it. in fact one of them actually wrote me and said, the investigative party is fully controlled and reports through a chain of command, didn't eastern take it serious enough to engage the department of transportation ig. that email was sent to me about an hour ago before it was announced that in fact the department of transportation's inspector general was going to investigate. the key that the ig has to ask not only was the test validated, fox business has evidence that the test was never validated. it was a test that was personality test.

this is the key test to control whether you're safe in the skies or not. what sports did you play in high school. how would you describe your ideal job. that is how you get a job as air traffic controller in the united states since the faa changed procedures. the ig has to get with the heart of this matter with company called, apt metrics. did they validate the test and have to hold people within the hr department, former director hr miss bostick is now out of the faa gone on to the private sector. she needs to be questioned. a ton of people have a lot to answer for. melissa: how did we get to the point that personality test is deciding these things? so crazy. >> you got an hour? melissa: thank you so much. we'll watch the special again. it was fantastic. amazing to me. thank you so much. david. david: incredible. melissa: incredible. david: particularly hearing that tape. greece digging in its heels as the default deadline looms. lashing out at investors demanding pension cuts as part of the deal.

thousands of greeks take to the streets in athens. they're rally this time in support of the government. calling on european and international creditors to soften their cash in the cash for reform talks. the greek central bank warning that the country risk as painful exit from the euro. even the european union and creditors do not strike a quick aid for reforms kind of deal. melissa: how many times have we heard that. david: a lot. a lot. melissa: we have the deadline. markets panic. they wait for this. david: seemed to start a couple years ago when there were riots against the government. the government now has the people on their side. so they're not likely to depart from that. politicians, one thing they want more than anything else to get reelected. they will not go against the people. another attempt at a house vote on obama's trade deal could come before july. house majority leader kevin mccarthy said it quote, could be possible as soon as tomorrow. fox news is confirming there will be a meeting at the white house, a protrade democrats from the house and senate and that could be coming

up soon. melissa: all right. the death of a wall street legend, jpmorgan is confirming that its vice chairman, jimmy lee, has unexpectedly died. he was just 62 years old. lee was known as the architect of some of the biggest deals on wall street for decades. he oversaw news corps purchase of "the wall street journal," comcast-nbc mergers, general motors, alibaba, facebook. the list goes on and on. truly such a loss. he was known as the rainmaker of wall street. he basically invented the modern buyout. led or had a piece of pretty much every major deal on wall street. charlie gasparino is standing by now, charlie, this is, i mean you and i both knew him very well. he was a guy who stayed in shape. who was vital. this is just such a shock. >> well, you know, yes, i mean this is, blown away everybody. happened unexpectedly on.

was on his treadmill. had chest pains. went to the hospital and passed away. this is tragic situation. listen, a lot of times you deal with the wall street guys. you don't become friend with them. but there is a few thaw day. jimmy was one of those guys. he was an amazing personality. a guy you wanted to talk to. he would teach you stuff. that is what was good about jimmy. jimmy explained the markets. nobody knew the modern markets, financial markets better than jimmy lee. we have to point out, he has been doing this for 40 years. he started at the old chemical bank through many mergers and acquisitions was built to be jpmorgan today. that is where he started. he pioneered the syndicated loan which was a novel way at the time for companies to get financing through banks. it was often used as a way to do leveraged buyouts and big deals. he was in all of these things. he knew so much about wall street. he was such a decent guy. melissa: yeah.

>> gave a lot of money to charity. he was a mensch. i'm, i'm, you know, i'm just, i don't know what else to say. this was a good guy. and i was one of the best, i mean, listen, you know a lot of these wall street guys you cover, they leave town or they leave office, they leave their jobs, not very good shape. you know, jimmy lee was at the top of his game now after 40 years. still at the top of his game. melissa: very, very close to jamie dimon who is said to be devastated by this news obviously. >> yes. melissa: he did say of his friend and colleague's passing, it is with deep sorrow and a heavy heart i inform you our beloved friend and colleague jimmy lee unexpectedly passed away this morning. our prayers and thoughts with his wife beth, three children, lex sy, jamie, izzy. and hess entire family we dearly loved. jimmy was mentor to my and some others. vice chairman of our company and former head of our investment

bank, jimmy made an indelible valuable contribution to our company, clients, our industry over his nearly 40 years of dedicated and selfless service. jimmy was a master of his craft. he was so much more. he was incomparable force of nature to all who had the honor of knowing him. he will be sorely missed. we love you, jimmy. for those that don't know, a truly legend on wall street everyone in the business knew. everybody is talking about this right now. >> you know, listen, wall street guys get a bad rap. some of it's deserved. jimmy lee was one of the good guys. i mean, i'm telling you this was a guy that played it straight. loved the job. he could have easily been a ceo at a bank. he liked doing deals up till the end. melissa: yeah. >> you know, i'm just going to say, i'm in shock still. you know, passing of ace greenburg last year. ace i knew for many years. more or less expected. he was old and i knew ace had

cancer. this strikes me as just an unbelievable thing because it came out of the blue. like i said, he was still doing stuff. he was still involved. and, you know -- melissa: at the top. he was still at the top of his career at this point. completely shocking. charlie, thank you so much. david? david: we have some breaking market news. if you take a look at oracle shares, they are trading down about 6% from the close. as a result of missing some of their estimates. now yesterday we had adobe coming down. they were down about 2 1/2%. today as a result of their numbers or actually their forecasts. oracle's downward movement today is directly as a result of missing its estimates. it is off about the 6.2% right now. we'll be following this stock very closely, melissa. melissa: it is a bombshell rocking major league baseball. mlb commissioner rob manfred responding to the fbi investigation into whether the st. louis cardinals hacked into a computer database belonging to the houston astros.

>> obviously any allegation like this, no matter how serious it turns out to be is of great concern to us but it is just too early to speculate on what the facts are going to turn out to be and what action, if any is necessary. david: all right. the cardinals are among major league baseball's most successful teams. only the new york yankees have won more world series titles. wow, i didn't realize that. and i love the yankees. california yaw dreaming coming true. the golden state warriors were soiled five years ago because they were per return kneel losers. so what turned them around? we'll have exclusive interview with team co-owner peter guber. melissa: the new ruling that could upend its entire business model. david: "the donald" taking on the president's foreign policy of the billionaire unveiling his plan to defeat isis. ♪

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>> a championship 40 years in the making. the gold enstate warriors beating cleveland cavaliers 105- 97, game 6 of the nba finals golden state warrior, have to help me, david. david: igoduola. melissa: great fan i am of basketball. aren't you all impressed. i love sports. first player to win the nba title without starting every game in the season. despite his greatest efforts, lebron james, that one i know, couldn't bring the cavs first nba title, bringing up questions about his legacy. he has two titles in 12 seasons, falling to 2-4 in the nba finals. david, do a better job with sports than me. david: thanks, melissa. with me is the cokohner of the -- co-owner of nba champions, golden state

warriors, also co-owner of los angeles dodgers and football club. ceo of mandalay entertainment. there isn't anything this guy doesn't do. hot off the plane. he is in l.a. i understand you haven't slept at all, aforementioned peter guber. thanks so much for coming in. congratulations. let me start right in, peter, with the most noticeable thing about the game last night was the team work of the golden state warriors. this is a world that is dominated by selfies, self aggrandizement, by individual glory, yet you guys worked to the old-fashioned team work way. how did you develop that in the team? >> well, you know our business plan when we bought the team, we have had it four years, our business plan was culture is our business plan. how do you build an he have verves end inclusive culture? how do you connect all the pieces? how do you connect the main thing and coach everybody to keep their eye on the main thing and always remember to keep the main thing the main thing.

so we built that organizationally. across every single aspect of the organization, everybody we hired. then when the team was built by the bob meyers, the general manager, steve kerr, all the people involved, it was built as a team. it wasn't a check shun flay players. it was built as a team that would execute a strategy. i think what steve kerr did, brought it to whole another level. the idea is, in this team, that, you put yourself at the, if you will, at mercy of the forces as a team, not as one-on-one. you may be one-on-one but the idea is, you're going to win with the team or lose with the team. so your brother on the floor and your brother in the organization, you have to be interdependent with. very important. i think it works. david: sure did. proof is in the pudding. you are the champs. this is game dominated by superstars. you were playing a superstar, lebron james, one of the best in the world if not the best. did you have to, to talk to people and say look, this is not

going -- if you think you're the best, you got to keep that to yourself because we're all about the team? how did you do that? >> well not about how i did it. i think that is what was ingested and invested in the whole group. the idea was, we believe together we can accomplish a miracle, seemingly impossible. turn it into the probable and make it the possible. what happens if you collectively believe in a vision you're willing to give yourself to it, whether a corporation, whether it's a team. but that is what makes it. you see a lot of teams in different sports have great players but they're a collection of players. there is no cohesive element. their authenticity doesn't shine through. when the chips are down, soft stuff really counts. david: we have to remind people, four or five years ago this was a losing team. this was a team, you i guess you guys paid $450 million for it. i think a lot of people said you were overcharged at that, right? >> there were a lot of people bidding on it.

major, major world class bidders, larry ellison, people from boston, a whole bunch of hedge funds, a lot of people were bidding for it. it was a market we felt was not fully served by the team. we felt there was a lot of room in the media deal. a lot of room potentially in the new arena. we felt opportunity arising for investment was there. david: 450 million you paid for it, how much do you think it is worth now? >> my guess, probably one two, 1.3 sales. that is not what it is worth. that is what you could get for it. david: you're co-owner of l.a. dodgers. there is this new hacking scandal where you heard about where the astros are accusing of the st. louis cardinals to get their information. have you ever been hacked or l.a. dodgers been hacked or suspicions it happened? >> no, we haven't, security around our system and we have firewalls and protections in our whole system. certainly after the sony episode

everybody has heightened awareness of this. this isn't about the aptitude of the system or even the technology. it is about attitude of the perpetrators. if you have a team that is doing that, isn't that the same as taking steroids? isn't that the same as deflating your footballs? isn't that the same as any one of, you know, elements people do to try to get the edge to win. david: peter guber, you're terrific. thank you so much. congratulations my friend. >> great, thank you. david: what a wonderful guy. melissa: cool stuff. all right. pope francis shaking up the global warming debate. we'll talk to father gerald murray for his perspective on the pontiff's latest speech for climate change. latest details on the killers that escaped from a new york prison. find out what they discussed right before their escape. all that and more next.rtbu ♪ with it neutralizes stomach acid and is the only product that forms a protective barrier that helps keep stomach acid

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melissa: new details on the prison escape a prosecutor revealing employee that allegedly helped two murders escape from upstate new york prison discussed a murder-for-hire plot to kill her house husband. they're looking at 1400 leads as they search beyond the 6 square mile area area and release new photos of the what the convicts look like. rick leventhal is live from new york. what more did we learn from today's press conference. >> we learned that the number of officers involved has shrunk somewhat from roughly 800 to 600 people as roadblocks and perimeters dissolved around the area around the prison in dannemora upstate new york. they are expanding and shifting area based on tips and leads they get. they released age progression

photos of richard matt and david sweat what they might look like some 12 days after their escape. the authorities scoured more than 10,200 acres. they're doing more patrols now but they say they do have teams ready to deploy if there is a sighting or other evidence. they can't rule out the possibility that matt and sweat are still in this area. >> if there is one word that i thought of throughout this investigation, it is relentless. we are going to pursue every lead and we are going to locate these individuals and they will be apprehended. >> police confirmed that u.s. marshals are working the mexican border, passing out flyers in case the men made it that far south. customs agents watch border with canada, roughly 20 miles north of the prison in case they're headed in that direction. 12 days in and no confirmed sightings of these two men. melissa: what else can you tell us about the murder-for-hire plot or alleged murder for hire plot i should say?

>> the d.a., andrew wiley confirmed, joyce mitchell, who has been now charged with helping these men escape told them there was plot between matt and sweat to kill their husband once they escaped from prison. the d.a. says she was aware of the plot but wouldn't say if it was her idea. she wouldn't say whether her husband lyle was warned about the plot but that husband was questioned by police at a barracks about an hour north of here with home with his attorney present. they tell us the husband is not being arrested of the clinton county sheriff that joyce mitchell is handling her incarceration pretty well. she is composed and being watched 24/7. >> it is human nature it could have multiple impacts on somebody both emotionally and physically. things none of us could predict, that the medical field couldn't predict. rather than wait for something to happen, we're trying to take a proactive stance to make sure she is safe and secure. >> frustrating time for investigators certainly. despite the fact there has been

no confirmed sightings and very little physical evidence recovered, law enforcement are speaking very confidentially they will in fact catch these men. melissa: rick, thank you for that. david: what a cast of characters. unbelievable. melissa: really is. david: a few other stories on our radar, amazon is developing technology to use drones to deliver packages, in, get this, 30 minutes or less. amazon went before a house committee today to push the federal government to speed up regulation for commercial drone use. support that is needed to put prime air into service. meanwhile the sec planning to fine at&t $100 million for misleading customers about unlimited data plans. at&t is firing back saying quote, we will vigorously dispute the fcc's assertions. the fcc specifically identified this practice as a legitimate and reasonable way to manage network resources for the benefit of all customers. and has known for years that all of the major carriers use it. we have been fully transparent

with our customers, providing notice in multiple ways, and going well beyond the fcc's disclosure requirements, end quote. uber drivers are employees, not independent contractors. that according to a ruling today from a california court. the ruling which under uber, which uber plans to appeal could be a game-changer for the company's business model. well not yet, but fed is signaling the economy soon will be ready to stand on its own. when? how will this impact your money? our panel weighing in next. melissa: plus the 4% solution. jeb bush's lofty goal for economic growth but experts crying foul. ♪ and quit a lot, but ended up nowhere. now i use this. the nicoderm cq patch, with unique extended release technology, helps prevent the urge to smoke all day. i want this time to be my last time. that's why i choose nicoderm cq. ...is as easy as it gets. wouldn't it be great if hiring plumbers,

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melissa: unchanged for now. the fed holding off on a rate hike but not ruling out liftoff by end of the year. fed chair janet yellen warning that raising rates too soon could threaten recovery. markets spiking but dropping on yellen's initial remarks. steve moore from the heritage foundation. fox news contributor. and john long ski from moody's and greg mcbride from bankrate.com. greg mcbraid, what is your reaction. >> i was surprised the fed was not more forceful indicating inevitability of rate hike by years end. i think -- melissa: they're total wimps and want to keep the market feeling

good. why would that surprise you? >> i think we've had good numbers on the labor front. we're doing better in terms of retail sales. for some time they keep talking about the rate hike by year's end but the tone of the policy statement i found to be neutral. melissa: greg, they did a loot to reassure everyone. you wouldn't even feel it. it won't hurt a beat. basically what they said. >> absolutely right. look at the consumer level it will be just a little bit. it is not going to hurt at all. i think the significance that first rate hike, like the wind changing direction. at this point then we know interest rates are going to go up over the course of next couple years on credit cards, home equity lines, adjustable rate mortgages. that will be significance to consumers. cumulative effect, not that initial move. melissa: steve, rates will go up but not like the economy is that strong. they lowered their growth estimate for the year. at the same time they admitted yeah, things also aren't very

strong. what did we get for all of this? >> that is the whole point and i'm actually one of these people who think raising rates would be good for the economy, not bad. i don't see any evidence that the zero interest rate policy has really helped consumers or workers at all. we haven't seen real wage increases because most of the grains from the zero interest rate payment have gone to people at the very top. so i actually think this is the right thing to do, to raise rates at a slow but gradual pace and i think it will boost the economy in a surprising way. melissa: speaking of boosting the economy, jeb bush announcing in his candidacy that he is promising that he can deliver 4% growth. let's listen to that. >> there is not a reason in the world why we can not grow at a rate of 4% a year. and that will be my goal as president. melissa: i don't know, that is my goal too but i feel like there is a reason in the world we can't grow at 4% anymore. john lonski what do you think? >> dream on. we have to contend with slow labor force growth, half a

percent annually. productivity is performing miserably. even if we could pull out 1 1/2% productivity growth with half a percent labor force growth we're looking at gdp growth of only 2%. i don't see how we could sustain growth at 4%. melissa: okay. what about a change in tone, a change at the top, instead of stifling business and standing in the way and terrifying people that might want to start a business, it was a positive environment, steve moore? >> look, i think we can grow four or 5%. i completely disagree with that analysis. we have had dysfunctional policies in place for six or seven years. you start erasing policies, one thing, allow exporting of oil and gas, that will increase gdp by 0.5%. cut corporate tax rate, by my estimate that puts another percentage point growth on gdp. we can get to 4% because we're so far behind. we're $2 trillion behind. there are catch-up days. melissa: greg, you're deciding

vote. >> i will believe it when i see it. consumer is 2/3 of the economy. household income is going up a little over 2%. barely above the rate of inflation. top line revenue growth in the corporate sector. melissa: a change in the top wouldn't change that in your opinion? >> i think look, talking about turning the ship. it's a big ship to have to turn, particularly when dealing with low earth orbit numbers we've had last several years. melissa: leave it to you, david. david: my heart with steve moore. metlife challenging its too big to fail status in our courts. maria bartiromo has an exclusive scoop on this one. maria? >> thank you. fox business exclusive i have learned that metlife is filing a new lawsuit against the financial stability oversight council and challenging the too big to fail status. in short metlife is adding to its initial lawsuit which was first filed in january of this year which it says that fsoc acted as judge, jury and executioner in determining a too big to fail status.

that is systematically important. metlife was offered no avenue to obtain a fair and full hearing on the issue. former cbo director doug holtz-eakin worked closely on the metlife case. i asked him if the metlife case will set a precedent for other insurers who have been designated too big to fail? >> prudential and other insurers have been designated. aig. so i think they will look at this closely. for bitter or for worse, the -- better or worse the fsoc has done things differently in every case. that is problem for fsoc. that doesn't mean the metlife ruling carries over to other designations because the processes aren't the same. >> even though the conversation has changed. seems hank greenburg rule something empowering companies to take action. they say the pendulum has swung too far. melissa, david, back to you. david: maria, thank you very much. don't miss mornings with maria starting 6:00 a.m. macy's ceo

terry lundgren is maria's special guest. pope francis weighing in on important topic, not poverty, abortion or gay marriage but poverty change. father gerald murray kill tell us why. melissa: fox taking the golf where no network has goneo bu before. by sneak-peek of the u.s. we open. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business "what is it that we can do that is impactful?" what the cloud enables

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♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck. david: the national oceanic and atmospheric administration releasing data showing a 10-year cooling trend in the united states as pope francis continue as crusade on climate change. he is expected to unveil his highly controversial encyclical tomorrow which he is expected to blame humans for climate change including global warming. joining me father gerald murray who received his doctorate in cannon law at the have can and has the pastor@at in new york. is cyclical final word on this

subject or could a different pope contradict what this pope concludes? >> on matter of climate change and scientific progress, yes. as more knowledge comes in, different information is available a different conclusion arrived at. this is moral reflection on a scientific question. as science develop hes the reflection will take a different distribution. david: i wonder if the pope recognizes as i mentioned in the beginning different reputable scientists come to different conclusions about climate change. >> in fact i read a draft of the encyclical he does mention in it not everyone agrees with the analysis he agrees with. he says this is scientific debate going on. he says there is consensus in favor of it, but a consensus in science simply means a lot of scientists agree on one point of view. doesn't mean it is necessarily true. david: as he must know that some people are talking their book. some scientists are basing their opinions i suspect a lot of research grants, there are billions and billions of dollars in government fund that are going to support the theory of

climate change. one could argue that these scientists are just talking their book? >> well there are points of view definitely expressed in the debate. i think the pope doesn't want to get into that level saying i'm judge of science. he is the judge of more alty, and i think that the encyclical will be interesting from relidge just point of view. do we treat the environment with the care god demands of us. is creation being cherished by mankind. encyclical talks about climate change. a lot of other subjects are treated, including abortion or gender identity issues. he says nature is a gift from a god. we have to respect it. david: some ceos take advice as consensus of their advisors. they pick people they trust and collect their opinions to come to a conclusion. other ceos don't follow the advice, necessarily of the experts. what about this guy? do you suspects he is just taking a consensus view and doesn't have a personal opinion on the issue? or is it the opposite? >> he has advisors.

archbishop from argentina head of catholic university in buenos aires. he is a very close advisor of the pope. he looks at people basically agreement with his world view and says give me the facts. let's say science absolute about climate change. i don't think any scientist would say that it is theory with probability. can the catholics say i think the pope might be wrong on climate change is it, you can say that, but provide argument. david: even though it is an encyclical, even if you disagree with the pope you are not damned? >> the pope is not a weatherman. read the encyclical. there is a lot more than climate change. david: father murray, thank you very much. melissa: i'm so glad you cleared that up. david: some people were worried about that. melissa: i know, i know. deirdre bolton joins us now with a look what is coming up in the next hour of her show. what do you have? >> melissa, thank you so much. tech and politics. more presidential candidates in the field. we are going to see which one may help america's tech industry

thrive. plus smartphones, make it easy to overspend. we're going to give awe short list of apps to help you save. and is your phone company ripping you off with your data plan? one who has some serious charges against it. we'll cover all the details. melissa: i love all of that. i do overspend on my phone. it is on-demand economy. it is called that for a reason. >> definitely. absolutely. thank you so much. look forward to that. breaking news crossing right now. dow jones is reporting that spotify has named barry mccarthy as its new ceo. mccarthy was previously netflix ceo before he resigned in 2010. david. david: trump is going head-to-head with president obama on his foreign policy plans. is it nuts, or is it just what our enemies need? ♪ ♪

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melissa: newly declared gop presidential candidate donald trump taking on president obama on foreign policy, revealing details on how he would defeat isis and improve russian relations. here to discuss it all, marjorie clifton, former consultant to the obama administration campaign and clifton consulting and byron york, fox news contributors and from the "washington examiner." steve moore. trump says i would have a great relationship with putin. you can't have everybody hating you and the whole world hates us right now. is that insane or does to sound like a winning strategy. what do you think, byron? >> not really a policy but if you listen to trump, part of what you're saying came from that interview with bill o'reilly last night. melissa: yeah. >> trump is saying i can get things done.

his argument for, in foreign policy is the same as the argument in domestic policy, whether china or iran or isis or russia. he is saying, i am so powerful. i know how to get things done. just trust me and i will take care of these problems. that is pretty much all we heard so far. melissa: the other side of it, marjorie, talking about isis i would hit them so hard, i would find a proper general, patton or mcarthur, would hit them so hard our head would spin. he is saying he would be force, take no-nonsense. would be more decisive. and if after that he quote, unquote befriended putin there would be strength as with a reputation he would bomb later if things didn't go the way he needed to. what do you think about the plan. >> fortunately nothing about trumps plans are really policies and don't show much understanding about them. he is running it like an episode with the "apprentice." you're fired!, you're fired!,

you're fired!. that is not the way you run the united states of america. he talks about we'll build a wall between mexico and u.s., like mexico will pay for it like mexico could two for it. trade import taxes at 35% which break nafta and world trade organization agreements. there is fact-checking. bully pulpit, details are not necessary. doesn't show understanding of foreign policy at all. melissa: i don't know. it is easy to go that he had to dismiss what he saying. talk about the wall. steve moore, that i i advocate to build a wall, we send a lost aid to mexico. we can hold back the aid. there are ways to make them pay for it. not that the wall is very good idea but how farfetched. >> we can send them the money to build the wall with our money. one way or the other it will be our money. foreign policy, teddy roosevelt who said, do you want to walk softly and carry a big stick. he is booming with his voice and

carrying a big stick. why in the world would you want to make nice with putin. putin is the enemy. putin is scoundrel. this guy is crazy. to say we'll negotiate with him and defeat isis i don't see sensibility of that. melissa: maybe because what is happening right now isn't working? i don't know. that could be his overall point. >> that is because obama is completely kowtowed to putin. i mean we have to treat, we have to know who our enemies are to be very firm with them. melissa: we'll leave it there. thanks, guys. david, over to you. david: a lot of fun with trump in the race, a lot of fun. this is no "caddyshack.." fox sports takes on u.s. open only as fox can do it. we go behind the scenes to show you drones, microphones, golf holes. other new technology making the game a lot more fun to watch. ♪

if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin, your doctor may be talking about adding medication to help lower your a1c. ask your doctor if adding once-a-week tanzeum

is right for you. once-a-week tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes, along with diet and exercise. once-a-week tanzeum works by helping your body release its own natural insulin when it's needed. tanzeum is not recommended as the first medicine to treat diabetes or in people with severe stomach or intestinal problems. tanzeum is not insulin. it is not used to treat type 1 diabetes or diabetic ketoacidosis, and has not been studied with mealtime insulin. do not take tanzeum if you or your family have a history of medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2, or if you're allergic to tanzeum or any of its ingredients. stop using tanzeum and call your doctor right away if you experience symptoms of a serious allergic reaction which may include itching, rash, or difficulty breathing; if you have signs of pancreatitis, such as severe stomach pain that will not go away and may move to your back, with or without vomiting; or if you have symptoms of thyroid cancer

which include a lump or swelling in your neck, hoarseness, trouble swallowing, or shortness of breath. before using tanzeum, talk to your doctor about your medical conditions, all medicines you're taking, if you're nursing, pregnant, or may become pregnant. and about low blood sugar and how to manage it. taking tanzeum with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects with tanzeum include diarrhea, nausea, injection site reactions, cough, back pain, and cold or flu symptoms. some serious side effects can lead to dehydration which may cause kidney failure. ask your doctor if adding once-a-week tanzeum is right for you. go to tanzeum.com to learn if you may be eligible to receive tanzeum free for 12 months. make every week a tanzeum week. david: tomorrow marks the first time that fox is going to be covering the u.s. open. fox's plan is to make viewers

feel like they're on the golf course using incredible new technology. fox news's dan springer is on chambers bay golf course in tacoma to show us the state of the art gadgets. dan, it is going to be fun. >> yeah, sure will, david. it is tough time to be getting into the golf business. golf's biggest superstar who is of course tiger woods is really struggling and he is taking down tv ratings with him. in fact last year's u.s. open which was on nbc attracted the fewest viewers ever, but fox sports, our sister network says that will all change. they have a lot of plans here. they're finally getting golf game. in the typical fox fashion it will be innovative. 100 cameras one mounted on remote-controlled car. 200 microphones including one in each of the cups. first time ever a drone will fly over the course giving viewers a different perspective. fox is known for cutting-edge graphics and has a few tricks up their sleeves. with virtual reality and new

graphics, viewers get better feel what the golfers face on all their shots. joe buck a fox sports veteran of major league baseball and football will anchor coverage. >> i've done four super bowls. you could put four technology of all four soup bowls on top much each other it wouldn't equal what we have here. it's a big undertaking. >> fox is betting $1.2 billion on golf over the next 12 years. the network that brought short-lived glow puck to hockey can't wait to take on one of the world's oldest sports. >> unique about golf, as if there are 18 playing fields >> the key is not letting

gadgets get in the way of telling a good story. fox will try that this weekend. david? david: dan, thank you very much. don't miss fox's u.s. open coverage, starts tomorrow at noon eastern on fox sports one. then it moves to fox broadcast network from 8:00 to 11:00 p.m. remember on the west coast. that does it for us. deirdre bolton is here to take you through the next hour of fox business with "risk & reward." deirdre? deirdre: coming up this hour, is your phone company rip being you off? the fcc says yes. we're going to tell you how and what you can do about it. a healthy ipo prices tonight. we'll bring you inside scoop on fitbit's market debut. golf goes high-tech. "risk & reward" starts now. derd