lou: i have to take exception to the whole russian issue. the dnc, and it's that simple. michael, thanks. randy, thank y y y y y dream to breaking news this morning. fbi, cia and nsa ottawa subpoenas over the mystique of american spirit to many documents in gourmet top above officials is not national national security adviser michael flynn and president trump's personal lawyer michael cohen. good morning. i'm cheryl casone. lauren: good morning. i'm trained for. academy blaming russia for her loss. we love the story for you. cheryl: will we stay or will we go. amateur announcement today on

whether the u.s. will stay in a few hours from now. many fortune 500 ceo says we should they appear in lauren: more issues for over half the ridesharing company reported a first-quarter loss of over $700 million. cheryl: in sports and the pittsburgh penguins go on a scoring blitz to take the lead in the finals against the predators. all of that coming up in sports. lauren: first day of june. dow futures up 16 points, s&p upgrade. cheryl: happy june. 5:01 a.m. the major. it is june 1st. welcome to "fbn:am," sometime lauren: the house intelligence committee issuing an subpoenas as the russian investigation into size.

tracey cross for joining us now with the details. good morning. spin the house intelligence committee issuing subpoenas for national security adviser michael flynn. president trump's personal lawyer michael: as well as businesses. all part of the investigation into russian and a sturdy 2016 election. in addition to the subpoenas, the committee has issued three others related to on asking if trump associates by obama officials. the subpoenas seek information on my mask and request by national security adviser susan rice, former cia john brennan and former u.n. ambassador samantha power. the committee will find out how and why the names of the associates were on regard to distributed within classified resorts between administration. senior committee aides say the subpoenas related to the asking issue would have been sent to chairman david nuñez without democratic removed.

the first issued in the russia probe soap are -- so far. democrats seek an investigation into president trump and his associates in republicans pushing for the probe into the unmasking. cheryl: so interesting because this goes back to the days of the obama administration. they are not innocent in all of this. lauren: the former u.n. ambassador, a lot of people not expecting that one. thank you so much. i want to point out the will to to david for now and interpeak on this topic and just a little bit. cheryl: also following this on hillary clinton this morning. she is on the attack blaming russia for her loss to donald trump in the presidential election and accusing the white house to working with moscow to defeat her. speaking at a tech conference in california, she hopes

investigators will uncover a plot to interfere in the u.s. elections. >> i take responsibility for her decision i made. but that's not what i lost. it's important we learn the real lessons from the last campaign because the forces we are up again are not just interested in influencing our election. they are going to our economy and our unity. >> president trump tweeting "crooked hillary" clinton blames everybody but herself, refuses to say she was a terrible candidate, his face the common terms in dnc. lauren: overseeing the russian investigation. approving james comey to testify after special counsel robert mueller. over the scope of the testimony. in the last public testimony he was pressed on political

interference. watch. >> is the attorney general at the department of justice opposes a specific investigation. can they hope the fbi investigation? >> in theory, yes. >> hasn't happened? >> not in experience. i look innocent and that if we were told to stop for a political reason that would be a very big deal. not happen in my experience. lauren: white house press secretary sean spicer telling reporters they are focused on the president's agenda. cheryl: president trump is set to unveil his plan today. the president meeting all be announcing my decision on paris accords at 3:00 p.m. the white house rose garden make america great again. under the accord, more than 190 countries have committed to cutting greenhouse gas emissions to fight global warming.

tesla ceo elon musk saying if the u.s. withdraws from the accord he would leave the white house advisory council. fox business is going to carry the announcement live this afternoon 3:00 p.m. eastern time. lauren: exxonmobil shareholders voted in favor of more transparency of the risk posed by climate change policies. ceo darren was say in the matter will be reconsidered taking a look at shares of exxon downtown% from a year ago. former exxon ceo rex tillerson advising the president. cheryl: he's been saying we should stay in the cord that sounds like we will not stand the cord. interesting times for the white house has always appeared speculation about joe biden's possible presidential aspirations for 2020 starting to heat up again. according to multiple sources, the vice president for launch a

political action committee today. the pac will give away to develop and maintain relationships with donors, travel on the off of the democratic party contribute to next year's midterm election. by mask or disguise the field campaigned saying he thought that he was a great candidate. biden declined to run for the democratic nomination in 2016 following the death of his son. interesting he may be getting back into the arena. lauren: are reconsidering. police in florida have released the dash cam video attacker would dui arrest monday morning. according to the police report, he was asleep at the wheel of his car which was running which i damage on the drivers side as well as two flat tires. he was having trouble understanding the officer's instructions. >> let's recite the entire english alphabet and a slow non-risk manner, meaning you are not going to sing it.

do you understand that instructions? [inaudible] >> what were the instructions? >> sing the national anthem backwards. lauren: he was not sure where he was at the time. raised last month under the driving of influence charge. cheryl: a lot of stumbling happening in that video. another top executive is leaving uber at the company continues to bleed money. and duke devil joined another startup in san francisco next month in bristol in "the wall street journal"'s first-quarter loss was 708 million. that was narrower than the 991 alien three months earlier. overseeing the revenue grew 18%. all of this matters because we may have an api standpoint. lauren: sales going up, but still losing money.

a mixed bag and nation appears down at the shanghai composite in china because the won currency hitting the seven anti. the kospi and south korea also lower. big gains in japan but the nikkei up 1%. cheryl: interested in europe come another poll coming out with teresa may pressure in the pound as you can see the ftse 100 at 26-point. that is a story for european markets. european markets were now look to be snapping a five-game losing streak. lauren: will that translate to the u.s.? her features had 14 points. s&p up to. nasdaq up seven months in a row gaining 15 points this morning. trim to check in on key commodities. oil is a story again. a little bit of a polish 24 hour period. you can see gold right here down about six bucks. lauren: this bull market continues to roll on. our next guest says there are

warning signs. jonathan harnick at capitalist baked.com joining us. good morning. what are the warning signs? >> two sectors. it is a bull market. neuheisel for boeing. microsoft, 3m kevin netflix and amazon. there are some sick is lacking. the two on my screener energy and real estate. unable to get out of their way. the fact that not only the big factors are not participating that the number of stocks hitting the highest is starting to slow that. after seven months for stock investors might be well served by taking a little bit of their foot off the gas. cheryl: are you saying that concerned about the presidential gem in particular because of more delays with health care. tax reform don't know when we will come to that.

but investors don't seem to be buying it. does that mean a summer swoon if you will? >> share. you hit the nail on the head. so much after the president's election in november with the expert patient do what you think will be put into effect whether tax reform, health care reform. a lot of the uncertainty we had for obama. now we experience under the president. there still remains a political rest untreated waste. i'm sure what the president's new policies will be in effect and how they will affect the market. a lot of investors sitting on their hands stop for economic reasons for political reasons but in anything. lauren: jonathan hoenig, thank you. cheryl: usually so bullish. new subpoenas issued in the russia probe show the investigation been in the

spotlight back on to obama era intelligentsia >> the recall in the u.s. ambassador is asking the names beyond ask? >> i don't -- i don't know. maybe it's ringing a bell but i could not answer with any confidence. treated to a new name are merged in office. samantha power will discuss the ramped up probe coming up next. you are watching

her job with incident that should do with nutrition diplomats are talking to. it is very strange. i've never seen anything like this. as a former transition official myself, i hope they get the information they need because this next political posturing. lauren: could be unmasking it asserts that the links of all of this information that has been damaging to the trump administration? >> absolutely. i love the video played before the commercial which was senator gotti questioning john redmond about the ambassador potentially announced. at the time of the interior, heated a vague recollection and

he wasn't confident. that is a snapchat as to why samantha powers was targeted. very important because susan rice has already said she wasn't going to cooperate with the senate. they wanted to bring her entrance and asking her about the ms team. that's important witness. that will shed some light about the unmasking. try to keep the conversation going and more obama officials, their names may be coming forward in the spirit you've got former fbi director james comey testifying as early as next week about conversations with the president. the president has made veiled threats on twitter that he may have taped his conversations. what do you expect to hear from comey? >> i actually don't think the testimony will be enough explosives simply because he's already reached out to the

special investigator about trump russia ties. miller agreed the conflicted with the economy was saved. because the miller probe is so broad in today's russia trump organization ties, really there is not that much that comey can say in a public session that is going to move the needle so much so much of this relate to the counselors doing. they are pretty safe. lauren: when you make of this parameter set up with smaller? >> this is the important part, ladies. what comey testifies that will be telling us about this investigation is the battle. if he is asked about the intelligence and is able to talk about the firing and the conversations and memos and things like that, we might get a spotlight as to what is outside a similar investigation.

true to its going to be fascinating. i hope we get more details. thank you very much david purnell and interpeak. lauren: coming up, wonder woman. >> dishy deserve this? details on why the superheroes band. the pittsburgh penguins go on a third. scoring blitz to to take it to nothing lead in the stanley cup finals against the predators. sports highlights coming up. you are watching trends have been, your first look at morning markets and breaking news. keep it here. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage.

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>> i'm going, matter. >> if you choose to leave, you may never return. this >> we had to go this way first. tracey warner bros. action had has been due to the national veiled way back to, an israeli made insert for two years in the israeli army. conflict of interest for the goe government appeared to be the lebanese government appeared to be an asset in accordance with a lot of accordance with the law for a boycott solace really products from lebanon. it is not slated testing the impact on the film's global pa cheryl: time now for some sparse beard pittsburgh penguins are two games away from the stanley cup when.

they dominated the predators in game two. predators took the early lead thanks to the stunning goal. he makes a great move around the defender and beat matt murray for the goal, forcing again disputed this. third. penguins. brian ross shifts on the net. pittsburgh leaves. bad break for the predators. the penguins go on to win for-1 taking this seriously. the nba finals between the cleveland cavaliers and golden state warriors begins today. 20 for-1. one of the most highly anticipated titles ever. reality has dampened the mood somewhat. a racial service pavement outside the home of lebron james yesterday.

police investigate the incident as a possible hate crime. investigators look for security fetish of neighbors in an attempt to identify the suspect. james addressed the incident. >> no matter how much money you have, no matter how much they miss you are, no matter how many people admire you, being black in america is taught. cheryl: we are looking forward to that tonight. let's go over to baseball. adam jones back in the lineup. jones sidelined the previous four games due to issues with a three-run homer with five rbis. chris davis also homered. two of three against the first-place yankees. love the little new york yankee action. lauren: coming outcome of subpoenas in the intelligence

investigation and the unmasking scandal. we are going to have the latest developments. you are watching trends have been, your first look at morning markets and breaking news. ♪

will

lauren: breaking news this morning. fbi kenneth sierra. fbi cap messier all have a subpoenas over unmasking. documents involving top obama officials as votes were for national security adviser michael flynn and president trump's personal lawyer, michael cohen. thank you for joining us. i am training for appearing cheryl: good morning. i'm cheryl casone. hillary clinton on the attack of the failed democratic candidate in russia for a laugh in november. we'll have that story coming up for you. tracey president trump making a

major announcement on whether the united states will stay in the paris climate agreements just a few hours from now. cheryl: more problems for overpaid to ride sharing company announced another top executive is now. the company reported a loss of $708 million. all of this is talk of an ipo hangs overhead. trade to pittsburgh penguins to pittsburgh penguins coated to pittsburgh penguins going to tour puts a ticket to nothing lead in the finals against the predators. tracey taking a look ahead of their opening bell. all pointing to the slightly higher. all the indexes new. 5:31 a.m. in new york. thursday, june 1st. welcome to "fbn:am," your first look at morning markets and breaking news. cheryl: yeah, a lot of breaking news this morning. the house intelligence committee offers that opinion is that investigation is testified.

tracey jirgas at the details now. so much developing that the story. it's fascinating. they make the house intelligence committee offers subpoenas for michael flynn and president trump's personal lawyer michael as well as businesses. this is part of the investigation into russian activities during the 2016th election. in addition to the subpoenas, and they have issued three others related to unmasking of trump associates. they are seeking information on any unmasking request by former national security adviser susan rice. former cia director john brennan and former u.n. ambassador samantha power. the committee is trying to find out how enlightening for the presidents associated for a distributed within classified reports are in the between administrations. a senior committee is saying the three subpoenas related to the unmasking issue but have been sent by chairman devin nunez

about democrats agreement. yesterday's request for the first subpoenas issued in the russia probe so far in show continuing divide within the committee over the direction of appropriate democrats take an seek an aggressive investigation into president trump and his associates and republicans pushing for a probe into the unmasking. drinker republicans want to know if the unmasking was politically motivated. cheryl: president trump, all the heat he took for the obama administration spying on him. lauren: maybe he's onto something. trade to coming up, a lot more in the story. we will talk to attorney david purnell and interpeak. they will have their their perspective in all these latest developments. lauren: they say something sure smells funny. hillary clinton was on the attack pointing fingers and blaming russia for her loss to donald trump and accusing the white house to working with moscow to defeat her. she was speaking at a tech conference in california.

clinton hopes investigators will uncover a plot to interfere in the u.s. elections. >> i take responsibility for every decision i make. that is not why he lost. i think it's important that we learned the real real lessons from the last campaign because the forces we arrived against are not just interested in influencing our elections and politics. they are going after our economy and they are going after our unity as a nation. lauren: president trump tweeting about this. "crooked hillary" clinton blames everybody but yourself, refuses to say she was a terrible candidate. facebook, dems and dnc. hillary was unmanaged yesterday. cheryl: she had a lot to say. lauren: it was also a pity party. cheryl: she may need to move on from what happened november. under the new administration, a

special council overseeing the russian investigation approved former fbi director james comey to testify before the committee. all this comes after robert mueller to go over the scope of his testimony which could happen as early as next week. in his last public testimony, comey was pressed on interference. >> is the attorney general or his senior official opposes investigations, can help the fbi investigation? >> in theory, yes. >> hasn't happened? >> not in my experience. i'm talking about a situation where we were told to stop something for political reasons. that would be a very big deal. it's not have been my experience. cheryl: also asked about the upcoming congressional testimony. sean spicer said they are focused on the president's agenda. lauren: president trump set to unveil his plan on climate change today.

i will be announcing my decision on paris accord thursday 3:00 p.m. the white house rose garden. make america great again. what will he do? under the accord almost 200 committees cutting greenhouse gas emissions to fight global warming. tesla ceo elon musk with a warning. he would leave the white house advisory council. we will carry the president's announcement and decision like this afternoon 3:00 p.m. eastern time. cheryl: rex tillerson can the secretary of state is advising the president to stay in. you've got shareholders posed -- by climate change policies. ceo darren with and the matter will be reconsidered by the exxon board. shares of exxon down 10% from just one year ago. lauren: oil prices down 10% this year. police in florida released in the dash cam video tiger with dui arrest monday morning

according to the police report filed, was was asleep at the wheel when officers approached his car. it had damage on the driver side and two flat tires. look at the video here, would stumbling through sobriety test and having trouble understanding the officer's instructions. listen. >> recite the entire english alphabet in a slow manner, meaning you're not going to sing it. do you understand the constructions? >> not to sing the national anthem backwards. lauren: was told police he took several prescription drugs was not sure where he was at the time. he said to be arraigned next month. cheryl: another headline we follow for you. iowa senator chuck grassley says mylan has overcharged medicaid $1.27 billion for life-saving at the penn state the numbers received from the government shut taxpayers for overpaying

for 10 years between 2006 and 2016. raster mylan agreed to a $465 million settlement with the justice department for overcharging. if the members are correct, the find could go much higher. more trouble for the ceo. lauren: wow. global market action overnight. the big winners that they can spin up 1.1% to china's shanghai composite down half of 1%. trade to europe political moves in lincoln in particular. another poll showing her conservative party may really be under serious pressure. ftse 100 up by 22 points. dax and germany at 46. lauren: oil and financial south of the dow down 20 points can make anyone point this morning in the s&p futures also up by a point. nasdaq tacking on 11.

cheryl: love the nailbiter is. after the data yesterday, a little bit of a pump oil prices up a little bit now, gold is down seven backs as well. trade to republican leaders in congress urged to pass a spending bill before the august recess instead of running the risk of government shutdown. pretty standup prompt the federal reserve to postpone a rate hike at their meeting this month. we asked jonathan hoenig. so jonathan, we are dealing with raising the debt ceiling and the budget in all this. does it affect the federal reserve's decision on rates? >> so far no. at least according to cme, futures will raise rates next month. as you pointed out, impact over the budgeted potential for a government shutdown in the previous administration had prior put a lot of investors and traders in a wait and see mode

because there is the of what happened not only with the economy, but the data of the site is so dependent on. because of politics and the upcoming dead impact. cheryl: not to stand politics, but the president has been clashing with a couple world leaders, in particular angela merkel. he said he was going to renegotiate bad trade deals. they called on merkel last week. is that a problem for investors? >> i think it is, especially since so much of our economy is based on trade. some of the stocks doing quite well, amazon comes to mind. moving goods from one part of the world to another. beyond the normal political stressors, world turmoil, et cetera, the president and determined stance on trade as investors with multinationals waiting and seeing what the probe is going to be.

not just the paris climate accord but about trade as such. that is what god is specifically investors watching, waiting to see what flushes out. lauren: so much data coming out today. the private employment report manufactured construction spending all my numbers. which reports are you looking forward to the most and a quick comment on inflation. we've seen and heard reports that it's not rising stocks enough. is that a concern for you? >> i think your point is a sign that impact may sign that in fact maybe aren't seen as strong as the economy as we hoped. i don't see inflation on the headline. oil prices down 10% year-over-year. all over the dollars weekend it's still quite strong. the numbers are a mix them this far we talked about the bull market trend still higher.

cheryl: jonathan hoenig, always good to your comment preview. coming up, new subpoenas issued in the russia probe showed the investigation of the investigation now been in the spotlight back on to obama era in televisions. >> do you recall in the u.s. ambassador is asking that names be a last question art >> i don't. i don't know. it's written in a vague bell, but i could not answer with any confidence. cheryl: a new name and all this floating around. samantha power. we will discuss the pope coming up next. you are watching "fbn:am", your first look at morning markets and all the news you missed overnight.

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drain 25:45 a.m. in new york. the house intelligence committee stepping up the investigation into allegations that officials in the obama administration announced associates in classified reports. fox news confirmed three agencies receive subpoenas yesterday. among those asked to testify covers security adviser susan rice. john brennan and u.n. ambassador samantha power. president trump will announce his decision on the involvement of the united states in the paris climate agreement today.

trump expected to pull the united states out of the deal. labor has to fill another top executive position. the head of finance at a group that is saving the company in july. the departure comes as the first-quarter loss of $708 million. check in the u.s. stock ahead of their opening bell. in the last couple of moments, s&p, nasdaq to the grade. that is what is happening now. lauren. transfer we are joined by prosecutor david berger right here. and repeat, former u.s. intelligence officer. i want to begin with you. we're expecting to hear testimonies from james called me next week. you say on the obstruction of justice issue there is one question that needs to be asked. that question is did obama ever

discuss an fbi investigation? >> yeah, let's understand what happened in the prior administration. i would bet president obama had conversations about other investigation and maybe even hillary investigation. is it just a job allegations are potentially another president that had influence over investigations? >> to that point, did president trump ask you to halt the meddling of russians and the u.s. election? does he have any protection to legally and there's anything they have to answer. is that possible? >> unless it's classified information, he's been essentially read off the classified program. when he told the fbi when he could and couldn't speak aboutcommon for the intelligence community.

comey that there is no political interference. i'll see how it gets around that evenness at this point democrats want him to say that the president asked you to cut out the investigation to mike flynn. lauren: david, what do you make about the subpoenas? democrats wanted to focus on the russia probe and the collusion with russia. republicans now interested in new-line masters names of trump associates. >> two different focuses. when it comes to the russian interference, a very predict the bull outcome. general flynn is likely going to invoke his fifth amendment right like he did in the senate. the interesting issue is now in the unmasking issue and bringing in power now ask you questions because they previously haven't testified or cooperated. cheryl: we've seen interview since she left tenants in the

inoculation versus basically denied and involved. she's been caught in the past. do you think she's going to change her tune out and what will happen. >> there's no benefit to getting wrapped up in the investigation into the collusion in the unmasking. there is no benefit for her. they will go to the wall to prevent her from testifying or her to her reputation. the trouble would be one she got in front of the panel there could be a series of questions about things like that guy say that she would want to answer. >> i will not stop republicans from asking anyway. coming up in sports, the pittsburgh edwards go on a third. scoring blitz to take the lead in the stanley cup finals against the predators. we'll have the highlights and sports. you are watching "fbn:am," your

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lauren: pittsburgh penguins are two games away from their second straight stanley cup when dominated national predators in game two. editors of the early lead thanks to the stunning old. makes a great move around the defender and then beats that very for the goal we see again

right here. let's go to the third period. grain rice shoots i'm not. gets the rebound and he scores. pittsburgh leads to-1. to the frantic growth of nashville's vernon fiddler and infer the goal. penguins go one-to-one 41 but they seriously. back in the lineup of the baltimore orioles are happy to see that. his ankle issues had a three run homerun and finished with five rbis as the orioles defeated the egg cheese ted-floor. the orioles 12 with three against the first-place yankees. >> happening in sports. general gets more times it let's bring in our thursday forecast fox meteorologist janice dean. are we crazy? is it warm enough?

>> the afternoon yesterday looks spectacular. today we would shine and hopefully 80 degrees in new york city. we are so excited about 80 degrees. let's take a look at the current temperatures. the great lakes in the upper midwest still remaining cooler than average. as far as organized severe storms, scattered showers and thunderstorms from portions of the gulf coast after the plane and across the southeast, but the northeast will clear out over the next couple of days which is great news. the central u.s. within the pop-up showers and thunderstorms. not talking about tornadoes here. it's a little bit of a webcasters to and hail across the central u.s., but otherwise not too bad. your forecast for today, look at this. 80 degrees in new york city. 85 in atlanta.

84 in houston canadian kansas city, 81 and denver. 80 degrees. we have to explain that. nobody understands whe you live in new york. lauren: will tell you how pizza helped a student can a student can expect it an ivy league school. you are watching "fbn:am." ♪

this

>> timothy haskell student expected to yell university helped by her love of pizza. carolina williams tweeting i just want papa john's to know that i was a college essay about how much i love to order to make that into you. the admissions officer turned out to be a pizza letter also impressed by her essay. also ranked in the top 10 of her graduating class as a member of english honor society and the national honor society. even though she got ntl, she decided to study business at auburn university in alabama instead. i don't think she'll have any problem getting pizza there.

>> when the doorbell rang and the cardboard box arrived it just excited her. cheryl: today is the anniversary of maria bartiromo show. good morning. >> yes, we're very proud of the last two years. happy anniversary to last into you as well. we are all part of this show. we will see you soon here thanks for being with us. i maria bartiromo. welcome to the program. thursday, june 1st. 6:00 a.m. on the east coast and will do us a lot of good paris climate accord. president trump set to unveil his decision this afternoon by numerous support in the u.s. released the deal. the president said yesterday no decision has yet been made. the possible withdrawal wrestling others in the business world. elon musk said he will have no choice but to depart from the president's business advisory council should