president of the united states put these fools in their police. >> i sure do. >> lou:y he's done a hell of a job. lauren: breaking news investigation. jeff sessions expected to testify before lawmakers tomorrow. good monday. i am lauren simonetti. >> good morning, everyone. i'm cheryl casone. on the heels of james comas explosive testimony, there are now calls for the medal when she testified whether she interfered with the investigation of hillary clinton's e-mail server. we will have details on that news. lauren: and the markets come attacks on its land. is there more to come? a look at nasdaq futures right

now down over 1% in dow futures are down by 51%. cheryl: a lot of this coming from overseas bit tech selloff in asia and japan. the nikkei down half of a percent. the shanghai composite down .6% or so. lauren: the company's chief business may be residing in the board reportedly considering a leave of absence for a ceo travis on next. cheryl: the first time in 20 years a repeat champion for the stanley cup. a big victory last night. lauren: they were partying in the streets. title 1:00 a.m. welcome to "fbn:am," your first look at morning markets and breaking news. cheryl: a lot of breaking news this morning. attorney general jeff sessions has offered to testify before

the senate intelligence company tomorrow days after fbi or comey's explosive testimony. not sure whether it will be public or close. jack reid on "fox news sunday" talked about what he wants to hear from the attorney general. >> you dirty recused himself and suddenly he is the one apparently recommended to the president that comey be fired in the president has suggested, all about the russian investigation. the attorney general participated in any way shape or form. cheryl: lindsey graham weighed in on this upcoming hearing. >> the attorney general's office is a political office bad for us all. i want to get to the bottom of that. is it true what they comey said tissue created atmosphere she could not fairly render judgment

on the interactions with comey. lauren: attorney general sessions expected to be asked about his meeting with russians officials. senator graham as well as senator dianne feinstein said congress need to investigate attorney general burnett allege. comey testified that he was asked to call it a matter instead of investigation. cheryl: president trump launching a series that reads of this week's trips to wisconsin taking that trip with his daughter ivanka. calling network first development week. great numbers on the economy. all of the work included the passage of bills in regulation killing executive order is kicking in. lauren: yesterday he treated democrats have no message, not in economics, not on taxes, none of jobs. only obstructionists.

the president said regulations laid down 600,000 plus new jobs added unemployment down to 3.4%. he also tweeted my daughter ivanka will be on "fox and friends" tomorrow. enjoy that "fox and friends" today at 7:00 eastern time is that interview. don't miss it. train to ivanka has been pushing for jobs. great interview. puerto rico has voted for a nonbinding referendum. more than half a million people voted yesterday to turn the u.s. territory into the 51st state. the participation rate just 23% leads many to question the validity of the vote boycotted by several opposition parties. congress has the final word on the political status. the referendum coming on the 100th anniversary of the u.s. granting u.s. citizenship to

puerto rico. lauren: over facing more changes at the very top asked her highly anticipated board meeting. cheryl: the details of that meeting. good morning. reporter: good morning lauren and cheryl. to present crisis not to discuss all of the recent issues on the table. embattled ceo travis cowan at an chief business officer neil michael. michael could resign as early as today according to a report from "the wall street journal." the departure said to be related to an internal investigation into the work of a sculpture by u.s. attorney general eric holder. holders investigation comes after managers and employees were fired last week for claims of harassment, discrimination and bullying. recommendations are presented in sunday's board meeting. the board voted unanimously to adopt the investigations which

include a new human resources process training and someone michael. it comes at a time of personal and professional turmoil. the 4-year-old mother died in a boating accident at the end of the night and his father is seriously injured. just last week a racing memo sent to her employees in 2013 is late. kalanick was seen yelling at the cooper driver. cooper has not issued anything so far. cheryl: how do you think will learn more about this investigations? >> we're expecting to get a closer look at what changes could be made. lauren: a lot to do. trained to look at what happened with myspace. the cultural management problem. thank you.

lauren: the federal reserve to raise short-term interest rates again this week in the face of historically low unemployment and healthy job growth. this would be the fourth rate hikes since december 2015. chairwoman janet yellen's news conference set for wednesday afternoon. you'll be forced to raise rates to my times this year because of the tight enough for does not quote on the record run this team for wall street. train to want to get too caught up in global market action overnight. it did have a technology selloff over the weekend. asian stocks, all of the negative right now could the and half a percent. hang seng done hang seng done within one and a quarter%. shanghai lower cost me down again. technology kicking in the station markets right now. trent had a defect markets right now. the ftse down 20 points today.

the cac in paris is down 44 after president machrone won the elections. cheryl: a look at u.s. stock market futures looking at this right now. tech heavy nasdaq watching right now down about 1% in the premarket. s&p lo-res love for the dow lower by 33 but we should point out all of these indexes in particular nasdaq is up 9% for the year. not to worry too much about this morning. lauren: towel record nasdaq selling off. oil at $45.93 a barrel. cheryl: obviously a little bit of a carryover from friday. the steepest selloff in three weeks. they let the overall market

higher for most of the year. lauren: the question is why is tech selling off? qaeda chief analyst at disruptive experts. good to see you. what's going on? profit-taking, a genuine reason concern today? >> i think we are spoiled. we've forgotten with volatility looks like. ask double digits into this past friday may the 2% decline and everyone gets melodramatic and freaks out. we have to keep things in it. prefer the nasdaq selloff in 2% it hit an all-time high. in terms of people proclaiming the daily over the next tech collapse you have to rebuke them. >> the point is well taken if you look what happened on friday apple, amazon, faced the. these are big-name companies that are heavily weighted in the market overall. you've got to ask the question if there's a problem if these

things are overvalued now. >> you're absolutely right. something that changed on friday for this tech names and the answer is definitively know. another recycled rumor about the iphone delay for apple. is that worth 4% in apple stock? probably not. i don't think that will impact the iphone upgrade cycle. i think we've just grown too complacent on some profit-taking here and really nothing has changed. apple, amazon, faced the outcome of the growth is there in the top and bottom line. >> would you affect the fed to hike rates india think it is out of step with the market? >> everyone knows that in the probability is they will hike rates this week one or two my times this year. he pointed to it earlier on that the fundamentals of the economy, unemployment rates, job growth are solid enough to keep up with raising rates.

there's no reason not to continue on the course they began late last year. lauren: appreciate the optimism. good to see you. >> ali says they plan to complete but that's a retail chain saw expected to announce today the invest 5 billion to remodel hundreds more in the united states. the experience will take place over the next five years. don't make it the third-largest food retailer behind wal-mart. in the u.s. since 1976 folks in on lower income shoppers by offering markets. lauren: food might get even cheaper. delta airlines and bank of america have canceled sponsorship of the play at new york's public theater because it depicts a stabbing death of a donald trump like character. the company decided to pull their support after days of criticism online and conservative media outlets. yesterday donald trump has been

in previous and opens today in central park new york as part of the public editor shakespeare in the cheryl: not the place you want to get political. central park on the weekend. coming up, it looks like the russian investigation will continue to dominate headlines as attorney general jeff sessions says he will testify. >> first i think he should be sworn under oath. second it should be public. there is very little that is classified as they can do it on a second classified blueprint. lauren: will tell you what to expect this week. you are watching "fbn:am," your first look at morning markets and breaking news. we will be right back.

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i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. the internet is waiting. start for free today at godaddy. >> 5:15 a.m. in new york. the pitcher caught up on what's happening now. last week fbi director james comey. next attorney general jeff sessions before the senate intelligence committee. offer to answer questions keeping national attention on the pro progression meddling in the 2016th presidential race. it is that none of sessions will testify in public or private. goober ceo could be taking a leave of absence. reportedly is considering the options on an investigation headed by former attorney general eric holder, an internal investigation.

reports say chief business officer emil michael cooke retires today. high-powered version of its xbox one console for the holiday season but the price tag of 499. will be the most powerful game console ever made. keeping a close eye in the nasdaq this morning. a lot of pressure. technology on friday carried over to today. nasdaq down almost 1%. dow s&p lo-res love. that's what's happening right now. lauren: thank you, cheryl. another potential day bombshell testimony this time for the attorney general jeff sessions. joining us now from the point matheson, former chief of staff to mike leigh. good to see both of you. i will start with you. do you think attorney general jeff sessions will testify and will be public or closed

tomorrow? >> he is going to testify. it will be public and go along the lines of direct or comey's testimony. one thing you can be guaranteed absolutely will happen during that testimony is both the left and the right will send out fundraising e-mail saying how critical it is you donate 100 bucks today to their cause. >> is interesting because democrats certainly want to keep the lights going when it comes to the russian investigation. when exactly do they think they're going to learn? >> the attorney generals testifying despite his recusal. it's important we keep in mind before he was attorney general a few months ago, jeff sessions was a longtime senator in the senate. this is summer he's going back to. he's familiar with the format, colleagues asking him questions.

it does keep the investigation going. it does keep the russia headlines prominent throughout the day ended as to tracking the president's ability to pursue his economic agenda. again, it is interesting sessions is testifying. it is not as detrimental if he will as other members of the administration who are familiar with the senate. transfer the trump agenda son john's. hesiod position of the attorney general become too political? >> we are trending towards a pretty shaky space. we saw some of that come out of the sub criteria with information about the rather lynches role in making sure everything was called a matter, not an investigation as it relates to the clinton campaign. at the political bit of collusion. last i checked the federal byrne investigation, not the federal bureau of matters the way the clinton campaign wanted to portray it.

i do think it is becoming way too political. we have to have confidence. these are not left right issues. these are american issues. we have to have confidence in the process that people are looking up for the best interest of safety and security. lauren: got to say the question they want an attempt to testify or not, that screams political bias. give me a break. >> it also screams political liability. a lot of people do admire president tribes off-the-cuff nature and the way he handles interviews and tweets and someone. when you testified before the senate as he indicated he was willing to do, what he says is no longer cute or donald being donald or liberal versus figurative. he could be prosecuted criminally for what he says in the senate. it is extremely dangerous for the administration to have the president grandstanding that is willing to testify when it's

clear he's not willing to do with the consequences of testifying and he's not necessarily understanding what those consequences are. lauren: we have to leave it there. pablo, boyd thank you for us. cheryl: coming up, for the first time in 20 years in the nhl has to repeat stanley cup champion. we will have the highlights for you. and there's a trophy. we will be right back. 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. fidelity, where smarter investors will always be.

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♪ lauren: stars gather for the 21st annual tony awards last

night. evan hansen and best in music with the down side won for best leading actor oslo, a play about the events leading about the events leading up to the 1993 oslo peace accords. i was aborted by spy. their survival as a musical went to hello dolly starring bette midler who also won the best actress award. >> as so many people that they do like to thank the american theatre wing to begin with another tony voters, many of whom i've actually dated. [laughter] i just want to say -- i just want to say -- shut that off. i just want to say -- i just want to say. lauren: she's not wrapping up. >> good for you. cheryl: vows could. time now for sports. the penguins bringing the stanley cup back to pittsburgh.

they beat the national predators in game six for their second straight championship. the game has some controversy. i can't fear predators scored first when tapped in the rebound. the goal is called off because the ref whistled the plate that after losing side of the puck. after another about, mike murray never secured the pucks of the goal. closing minutes of the game. patrick perquisites about the goalie for what proved to be the game-winning puck. it was when it to train 90. there it is based in the crosby is the mvp for the second straight year. the penguins become the first team in 19 years to win back-to-back titles. congratulations. >> you can't match this. this is what it's all about. to share that with the group of guys and a lot of them guys that she played a long time went and

understand how difficult it is in which it had to go through in that kind of thing. cheryl: let's move to baseball. the yankees timbre the long ball. one of the longest homers you will see. those 495 feet. that is the longest in the majors this season. they did he have the 21st. the yankees need the orioles 14-free and a sox fan weekend by the way if you happen to see that. a perfect 10. the spaniards fund the 10th french open december recount. no other men's tennis player have won more than seven singles titles. the doll has 15 grand slam titles overall. ps3 behind roger federer for most of all time. people say is getting too old. he showed them. lauren: i was like looking at the color of the french cars. cheryl: great tournament. the drama to continue on capitol

hill. jeff sessions at tech to testify about his contact with russian in front of the senate intel committee. we will have those details for you. you are watching transcendent, your first look at morning markets and breaking news. ♪ liberty did what? liberty mutual paid to replace all of our property that was damaged. and we didn't have to touch our savings. yeah, our insurance won't do that. well, there goes my boat. you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mual insuran.

trio to breaking news this morning that the russian investigation back and focus on capitol hill this week. jeff sessions expected to testify before lawmakers tomorrow. the same committee james comey face. lauren: good morning. i am lauren simonetti. new calls for attorney general about alleged to testify at on whether she interfered with the investigation of hillary clinton's e-mail server. cheryl: we are watching markets on the action this morning. tech stocks planned on friday in the u.s. the alaska technology asked her to this telling us over or if there's more pressure to become.

tech heavy nasdaq backing off a little bit down 1% earlier. now down about .3%. lauren: vindicated japan in the shanghai composite falling more than half of 1%. cheryl: watching it over again this morning. new turmoil at the top of the company. chief business officer resided in the board reportedly leaving considering a leap of substance for ceo travis kalanick. i a lot more on this developing story. trickery sports for the first time in 20 years. a repeat champion for the stanley cup. those headed to the pittsburgh penguins victory. congratulations to them. cheryl: 5:31 a.m. and new york. monday, june 12th. i'd like to welcome you to transcendent, your first look at morning markets and breaking news. lauren: attorney general jeff sessions offers to testify to

merit testify to in our days fbi director james comey's testimony. it's not clear whether the hearing will be public or closed. democratic senator jack reid talking about what he wants to hear from the attorney general. >> e. a charity recused himself and suddenly he is the one apparently recommended to the president that comey be fired and the president has indicated suggested -- that suggested it was all about the russian investigation. the real question that the attorney general participating and not in any way, shape or form. lauren: lindsey graham weighed in on the coming hearing. >> the attorney general's office has become a political office that for us all. i want to get to the bottom of that event should be in judiciary. did you create an atmosphere that people believe you could not fairly render judgment on the president's interactions with comey. cheryl: attorney general

sessions to be asked of them in its oppression officials. meanwhile, senator graham as well as senator dianne feinstein said congress needs to investigate former attorney general the right of lynch. since i've testified that asked him to call the probate matter instead of an investigation. lauren: president trump launching a series of tweets ahead of this week's trip to wisconsin but the staters suffered to focus on job creation and technical jobs you don't need a four year degree four. the workforce development way. last night the president said great numbers on the economy. all of our work including the passage of bills and regulation with executive order is now kicking in. cheryl: earlier today the president delayed. democrats have no message. on economics, taxes, jobs, failing #obamacare.

only obstructionists. the president said said regulations made in 600,000 new jobs added. unemployment down 3.4%. business and economic enthusiasm way up the good levels. and he kept going. then he treated this. my daughter ivanka will be on "fox and friends" to buyer. enjoy. today at 7:00 eastern time this morning. i'm a curvy couch talking about all things jobs. lauren: back to the trump agenda. this week asked on the health care bill from the senate. majority leader mitch mcconnell speeding towards it though. he wants to pass a health care bill last week at the month before the july 4th recess. many obstacles including medicaid funding. >> there are ways to reduce the cost of medicaid and you can do that through managed care such as that has produced better

outcomes and lower costs. so there are ways to reduce the cost of medicaid without throwing people off the road. >> the congressional budget office says the house bill would reduce spending by $834 billion over a decade and 14 million fewer people would be covered by medicaid in 2026. >> can't wait to see what the senate will do with the legislation. the major weekend for hoover. hoover could be facing big changes after i had anticipated board meeting yesterday. lauren: of tracee carrasco details of the meeting. >> at barney, barney cheryl. crisis that after the board of directors met on sunday to discuss the recent issues. on the table a leave of absence for embattled ceo travis kalanick and chief business officer someone michael. he could resign as early as today according to "the wall street journal."

the departure said to be related to an internal investigation into the work of a sculpture by former attorney general eric holder. the investigation comes after 20 managers and other employees were fired last week. discrimination and bullying. recommendations for the company represented in sunday's board reading. they voted unanimously to adopt all the recommendations which could include training and to address the future of key executives including someone michael and travis kalanick. it comes at time of both personal and professional turmoil. his 4-year-old mother died in a boating accident at the end of famous father was seriously injured. kalanick has been tending to him since the accident. a recent memo sent to employees in 2013 was leaked. he was also seen in a video galina uber driver in february. hoover has not issued any comments so far. cheryl: the results of the investigation tomorrow.

>> are expected to learn more about attorney general holder recommended to uber. we will see what they change. lauren: thank you. cheryl: global market action overnight. the technology selloff was not taken on friday continued in markets this morning. the nikkei down half a percent. hang seng is up at shanghai coffee down 1% as well. pressure continues. >> stocks in europe so enough as well. the ftse down 30 points in london at the cac down 57 points in paris in the dax down 121 points in germany. cheryl: ) the nasdaq. backing up a little bit. down about 1% in premarket down .87%. s&p pointed lower by seven. now a little under pressure as well. trends in the same socks with microsoft and apple are the ones to lead the market higher this year.

we've seen that not be the case friday after tumbling about 2% on friday, the nasdaq deeper selloff in three weeks. >> why is the son of continuing this morning. (-left-paren the founder chief analyst of disrupted research. one thing analysts have pointed out was that these companies valuations have gotten too rich. ft. job has been too high for do you have a point? >> the relative value type tends to be much more expensive than your boring utility stocks. that being said, you have to focus on the growth. are these companies slowing down growth? definitively now. they spoke for the topline sales by 45% and same with online profits. stock prices follow earnings and as long as tech companies keep expanding bottom lines, no reason to boost prices can't keep advancing.

one big risk right now for the selloff to continue is a news vacuum. we are still another four to six weeks away from second quarter reports. in the absence of a catalyst and there's always room for shares to keep falling. i don't believe it's a long-term threat. >> that's a good point. starts up is% on friday. it is an overcrowded trade. come on, right? any other sectors in tech you like us social media companies? >> i don't believe it's an overcrowded trade because it's important. even non-tech companies rely on technology to power businesses and to apply leverage to their businesses. you have to be focused on tacna matter where you are. if the selloff continues, you want to focus on the cuts that make your gadgets go. everyone is concerned with him in the next hot item, the next gadget. a lot of chips inside the

possible. i look for companies like sky works for instance in small-cap technology. no matter what happens in the world, whether the fed raises rates are apple and the rest of the stock selloff. these small companies will keep innovating. they will not miss a beat. combine both trends and focus on a company like gsi technology is small-cap technology. >> the fed meeting would expect them to raise rates. does that have any effect on technology in your opinion? >> it, not. think about it. tech companies are the most in the market. they don't care what the interest rates are. it's not going to change their firing costs. it matters absolutely none. >> i want to ask you about the prayer. i'm dying to ask you about the

culture. >> way too overpriced. it's a political turmoil right now. lauren: yeah, an understatement. a new smartphone called the essential phone is coming to sprint. the phone created by entry cofounder andy rubin will be sold exclusively by sprint. it's made of titanium. a modular system to stop on accessories like extra cameras -- to the display. a bigger display the same sent galaxy assay. it's going to be available on the website and for 50 bucks more you get the accessory so bigger camera that will launch sometime in late summer. a higher powered version of the video game console. microsoft says it will launch on november 7th for a pop under

dollars. the new xbox will support current controllers and accessories for earlier models. microsoft showed a 42 new titles at a news conference ahead of you traumatic expo in l.a. microsoft shares up more than 36% in the past year. that's a nice chart. coming up, the rushed investigation will dominate headlines as attorney general jeff sessions says he will testify. >> first i think he should be stored under a period there's very little that's classified. anything they could do in a separate classified brief a period lauren: we'll have reaction and tell you what to expect this week. we will be right back. or visit your24info.com. next! come on, come on. i haven't got all day here!

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treat to rise and shine. i've heard it's a bad and new york domestic former fbi director james comey. tomorrow could be attorney general jeff sessions appearing before the senate intelligence committee. sessions has offered to answer questions keeping national attention on the proper russian meddling in the 2016 presidential race. it's unknown if the testimony will be public. uber's ceo travis kalanick could be taking a leave of absence. considering the action followed an investigation headed by attorney general eric holder. chief business officer planning

to resign and that could have been as soon as today. this is clinical of journalists. down almost 1% following a 2% drop on friday. dow futures coming off an all-time high down 36 points this morning. one of the nation's top democrats is demanding an investigation into whether loretta lynch covered for the clinton campaign. will the former attorney general be testified about it? let's pretend like madison, former chief of staff to the democratic strategists pablo manriquez. i have to ask you here, that was explosive last week what james comey said. we'll remember the famous tarmac waiting between bill clinton and the rest of lynch. now we think we know. they did pull back on the

clinton investigation not your tarmac meetings the way they covered. she think she will testify? >> she needs to testify obviously. i think also it's interesting the timing. right now we have a situation where the president has said to jeff sessions said he was kind of disappointed last week. now jeff sessions is about to testify, which is going to make him a bigger headline, which is never a good place to be with donald trump. i don't want to imply too much either, but it is interesting the timing of loretta lynch being drawn back into the news. cheryl: you don't think there's anything there? >> i'm not saying there's anything there. it was a suspicious meeting and we need to get to the bottom of it. this is something we could've been talking about for a month now coinciding with the

testimony is interesting now. >> what you think the relationship is right now between the president and jeff sessions? >> i'm sure it's a little bit strange and what happens this week would be a big indicator of where it goes next. jeff sessions is a good man. he will do well. as he talked about earlier he understands the senate and how the hearings operate. he'll do just fine to navigate that. the bigger thing is they really move forward and pivot away. those in the oval office. there will always be investigations. the big test is can you handle the investigation and can you continue to be focused on your agenda? last week the administration lost focus on transportation. since then with the president leans more towards the democrats. they weren't able to manage the messaging of time and stay focused on the right issues.

true to you at donald trump's attorney coming out and saying he's ready to file lawsuits. it's not a bad strategy? that takes the story go away. >> you're absolutely right. we talk about ronald reagan being the great communicator. it wasn't because he could deliver a good line. it was because he understood the discipline to focus communication. he could only move the needle in the country on three or four issues. he let all the other distractions go away. the administration has to focus. focus perceived success in any administration. they've got to get the jobs and the economy. >> great to have you. we could talk about this all morning. >> coming up at the box office. girl power beside tom cruise. we will have the weekend numbers when we come back. ow a bunch ofe who would love that.

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