>> i pray you are right that he knew this was part of the plan. lou: we have a great book to >> breaking news this morning, a day after the warning from the president special counsel robert mueller expanding investigation into donald trump's business dealings. has the special counsel gone too far? lea: house speaker paul ryan pushes gop tax plan that he says will get done because unlike health care republicans are united on cutting taxes. >> the dow pulls back and nasdaq hits third record close in a row. we will look at what's ahead for tech stocks. u.s. stock market futures looking pretty good in the green. s&p up 3, nasdaq up 1 as well. lea: in europe stocks opened

lower. >> in asia stocks lower after year highs. 0.2%. not so great on international markets. lea: part of review. amazon's plans to buy whole foods, the government is looking into allegations that amazon leads customers on online pricing. >> it was teaming up with amazon to sell kenmore appliances online. lea: 5:01 a.m. here in new york. friday july 21st, i'm lea gabrielle in for lauren simonetti. >> i'm gerri willis in for

cheryl casone. lea: conflict of interest among special counsel robert muler's team. probing affiliations of muler's investigators. this comes after report that miller's team is examining business transactions by the president and associated. knows those transactions largely resolve russian interest. the president said that mueller will be crossing the line if it investigates business ties. >> reckless with regard of u.s. sanctions against russia. the department says exxon deepen partnership with russia in 2014 signing deals related to oil and gas projects in that contracts. weeks after washington imposes sanctions in moscow for anesming ukraine's crimea and also what happened hen rex tillerson was

ceo. lea: white house says president trump still has confidence in attorney general jeff sessions a day after he criticizes law enforcement official. blake berman with the details. blake. blake: attorney general jeff sessions saying thursday that he's not going anywhere. the attorney general says he's not plan to go leave post a day after being criticized by president trump. president trump said he felt it was, quote, extremely unfair that sessions decide today recuse himself from the russia information and have he had known that, the president says he would have hired someone else. sessions asked about the president's criticism during news related conference. >> it's something that goes beyond any thought i would have ever had for myself, we love

this job and we love this department and i plan to continue to do so as long as it's appropriate. blake: when asked what is behind the confidence, sanders listed sessions ability to combat the ms13 gang. back to you in new york. lea: thank you, blake. >> senate republicans gearing up for a vote on revised health care plan. senator ted cruz on hannity last night calling on fellow republicans to do what they said they were going to do. >> we got the chance to do it, the house has passed repeal bill, it's in the senate, the president is ready to sign it and it's up to the senate republicans. we are either going to step up for the bar or keep our word or we are going to look the voters in the eye or break our word.

>> sponsoring an amendment that would expand coverage and reduce premiums from freeing insurers from obama regulations. lea: anyone ready to talk tax reform, house speaker paul ryan is pitching republican plan in shoe factory. more now from adam shapiro. >> good morning, ladies, tax reform almost often running because the house budget committee has passed the measure on the full house, we can begin debate and eventually get to some kind of resolution, that's still a ways off and we heard from speaker paul ryan on the need to do something quickly. >> we are going to get this done in 2017. we are going to get this done because we have to get it done. the competitive of our economy, the viability of our jobs, making sure that e we can be competitive, grow, create and

raise families and have faster growth in not just our economies but standard of living. we cannot miss this once in a lifetime opportunity. this is once in a generation moment. it's time to simplify the code and create jobs and grow the economy. >> there's already agreement on where to cut and what to cut. we speak with house and ways committee chairman kevin brady and asked him should the corporate tax rate go down to 15% and he said, well, that's a target. >> that's critical that we get a lose as we can. president trump has recommended 15, we recommended 20, we ought to shoot for those goals at least to that 20% level and it is achievable. the house republican blueprint with those low rates not just for corporations but mom and pop businesses around the country have the dramatic rate cut as well. we do all of that and balance within the budget.

>> bottom line is don't expect anything to happen quickly in the house. back to you. >> lea: thank you, adam. >> anthony scaramucci as the comows communications director. founder of sky bridge capital is a long-time supporter of the president, the communications director position has been vacant since michael resigned in may. anthony scaramucci is currently working at the export-import bank. lea: testing has confirmed the customer game down with norovirus in sterling, virginia. chipotle closed the restaurant following multiple reports of diners getting sick there. it was opened on wednesday following a deep cleaning but the company's latest food safety incident may be worst than expected. according to food poisoning website, more than 100 people became ill. chipotle has been fight to go recover from a string of food safety problems two years ago,

shares are down more than 1%. >> unbelievable. keeps going on and on and on. the government investigating asians that amazon may be deceiving the public about the discount process. tracee -- loo leave tracee carrasco. tracee: that's okay, gerri, thanks guys. as far as federal trade commission review of amazon agreement to buy whole foods, it's looking into allegations that it misleads customers about pricing discounts. the advocacy group looked at about a thousand products on amazon's website and found that amazon put reference prices or list prices on 46% of items. analysis found that in 61% of products with reference prices amazon's reference prices were higher than it had sold the same product in the previous 90 days. consumer watchdog argued that deceptive prices make amazon

prices look like a bargain. flat out wrong, we reached out to the ftc, it had no comment. >> that's a great story. unintended consequence of buying whole foods if they launch this big investigation. tracee: it is. i'm sure they were not expecting that. >> absolutely. lea: we will be watching amazon's earnings coming out next week. we heard that sears is going to be hearing appliances on amazon. tracee: that's right, whether he keep with amazon trend. it will sell kenmore appliances, first retail offering in major appliances and the latest big american brands who concede to the online retail giant. now sears selling more on stores or website could give it a boost in sale which has declined every year since 2007, investors who watch every move that amazon makes, quickly dump shares of appliance, shares of lows, home

depot, all fell yesterday. >> amazon runs everything. tracee: they really do. lea: i don't know that that's great for sears. when you think about going to appliances, you go to the store. >> it's the only thing they have left, kenmore. really goes far. we have a story getting into energy drinks, tell us about that. >> a favorite among fbn:am producers here. after signing a deal last year with starbucks to sell ready to drink tea, the world largest brewer is acquiring hi-ball making organic energy drinks and carbonated juices and water. ab inbev has been broadening portfolio. hi-ball had retail sales of $40 million over the last 12 months. terms of the deals between the two were not disclosed. i wonder how much of the sales were from our team here staying

away. >> at least two of our producers. tracee: yes, yes. lea: thank you, tracee. anything when it's this early in the morning. thank you, tracee. coming up o.j. simpson granted parole in nevada, whether he vau live report on what's next for simpson. and a massive earthquake near turkey and greece leaves at least two people dead. we will have the latest on the situation. you're watching fbn:am. stay with us. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424.

>> welcome back, let's get you caught up on what's happening now. a shake-up on president trump's legal team. a spokesman for trump's legal team has quit, object today publicly criticizing special counsel robert muler on matters related to the russian investigation. rescuers are searching for trapped people on the greek island after powerful earthquake struck early this morning. at least two people have been killed and 100 injured. the quake measured 6.5, more than 20 aftershocks have been reported. the earthquake rattled coast. general electric chief executive has one more earnings to report to cement legacy. ge is schedule today reveal second-quarter results before the market opens up. analysts will be predicts investors will be disappointed. that's what's happening now,

lea. lea: former football star o.j. simpson will walk free in october after nevada parole releases him. more on simpson's next move, dan. >> yeah, lea, as we were talking yesterday at this time, this is exactly the outcome almost everyone you talked to expected. the only question seemed to be would this parole board take into consideration the 1994 double murderers and one of the commissioners basically addressed the elephant in the room at one point, she lifted up a whole stack of emails and letters from people who thought that o.j. simpson should stay behind bars because they thought like many american that is he got away from murder back then and the commissioner said, you know what, we will not take this into consideration because we can't, at the time the drama that was in the room evaporated. o.j. simpson made plea for parole yesterday. he was defiant and he never knew guns were drawn during the robbery, he did say he was wrong

and he apologized. >> i'm sorry it happened, i'm sorry to nevada, i wish -- i wish he had never called him. i thought i was glad to get myself back but it wasn't worth it. nine years away from your family is just not worth it and i'm sorry. >> simpson completely ignored the murder of his ex-wife nicole and her friend ron goldman. los angeles jury found him

>> we will tell you more about the film and you may want to head to a movie theater to avoid the heat this weekend. fox senior meteorologist janice dean has your hot weekend weather forecast and checking those u.s. stock market futures, take a look at this, all in the green, the dow jones industrial average looks like it's going to be on fire, up 5, s&p, nasdaq doing well too. stay with us. you're watching fbn:am. ♪ whoa that's amazing...

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>> there's no hiding from this sun. we have a job to do. turn it around. >> we should never surrender. we should never surrender. lea: looks cool, doesn't it? summer blockbuster opened to stunning reviews yesterday. it's from director christopher, the beaches of dunkirk, the film features kenneth and former one direction harry styles. styles is getting great reviews for acting gig and said it was easy for him onset since they

use real explosions instead of cgi. lea: i saw wonder woman and spider-man. >> janice dean in the weather center. janice: it's going to be hot. let's take a look at the heat index. a lot of heat warnings out there from the central u.s. all the way towards the mid atlantic and the northeast w. the humidity it's going to feel close to 110-degrees for a lot of areas, shreveport, 107, 109 in des moines and the heat is going to move east ward towards richmond and raleigh, philadelphia, 99 with heat index 94 in new york. that's why we have the heat advisorieses up. warnings for dangerous heat but advisories for millions of folks across the central u.s. and expanding towards mid atlantic

and into the northeast as well. past six hourses. we have the area of high pressure anchored across the central u.s. and around the area of high pressure, that's where we are seeing potential for very strong storms specially in the afternoon with daytime heating into evening hours. specially for great lakes region, upper midwest, severe threat tonight, through tonight will be enhanced specially in the areas that you see here in orange just outside of chicago, damaging winds, large hail, isolated tornado and flooding rainfall, we've had major problems across the upper midwest with flood watches and warnings and that's going to be elevated through this evening. just be aware if there's a watch warning in your neighborhood. forecast today along east coast, hot and sticky. 95 daytime high in new york, with the humidity worst than that heat. 97 in kansas city, remember the map i showed you. 93 in houston, texas, taking a

look at the southwest, it is monsoon season out here, ladies, a shift in direction of the winds bringing moisture from both oh gulf of mexico and pacific and the threat for flash flooding in areas. we have seen videos of high-water rescues, people need to be concerned specially across the four corners because it's that time of year, a lot of rain in a very short period of time. have an excellent weekend, you two. >> we will all be drinks lots and lots of water this weekend. lea: we have some sad news in the music world. the front man for lincoln park -- linkin park, bennington.

he was 41 year's old. linkin park was one of the successful of the 2000's, more than 70 million records, linkin park was set to kick off tour next week. a lot of people sad about this news. >> he sanged at chris cornell's funeral. another story that committed suicide. whether he continue to watch. sad story, though. coming up, a day after a warning from the president's special counsel robert mueller reportedly investigating donald trump's business transactions, we will tell you what it means. how would you like to travel to in half an hour? elon musk has your ticket. you're watching fbn:am.

today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce

the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.

announcer: did you know parking over tall, dry grass could spark a wildfire? smokey, voice-over: only you can prevent wildfires. lea: breaking news this morning, a day after the warning special counsel robert mueller reportedly expanding investigation into donald trump's business dealings, has the special counsel gone too far? >> and speaker paul ryan pushes gop tax plan that he says will get done because unlike health care republicans he says are unified in cutting taxes. lea: the dow pulls back, nasdaq hits third record close in a row. look at what's ahead for tech stocks. here is a look at u.s. stock market futures, s&p higher by 3, nasdaq higher fractionally. >> in europe stocks opened lower but mutual fund money is pouring into european stocks markets.

live reports from london. lea: nikkei edging down two tenths of 1%. >> how would you like to travel between new york city and washington, d.c. in less than half an hour? what is it two and a half by train. >> three and a half. mom, i'm on the way. >> elon musk has your ticket. >> you want a t-shirt with a big mac, something like that, clothing business. i will tell you about that. >> i love that. i think they are so cute. [laughter] ♪ >> 5:30 in new york. good morning, i'm gerri willis in for cheryl casone. lea: i'm lea gabrielle in for lauren simonetti.

>> the efforts said include probing the political affiliations of mueller's investigators, those transactions largely involve russian interests. the president has already said this week that mueller would be crossing a line if he investigated the president's personal business ties. lea: treasury department imposing 2 million-dollar fine on exxon mobile for reckless disregard of u.s. sanctions against russia. the department deepen with russia related to oil and gas prices in that country, it happened just weeks after washington imposed sanctions on moscow and those sanctions were for annexing ukraine crimea, it also happened when secretary of state rex tillerson was the company's ceo. exxon has filed a lawsuit against the u.s. government yesterday calling the find unlawful.

$7.8 billion in profit last year. >> the white house says president trump still has confidence in attorney general jeff sessions a day after he strongly criticized the nation's top law enforcement official, blake berman at the white house with details, blake. blake: attorney general jeff sessions saying thursday that he's not going anywhere. attorney general says he has no intention of leaving post a day after being heavily criticized. in an interview with new york times wednesday, he felt it was, quote, extremely unfair that sessions decided to recuse himself from the russia investigation and had he had known that the president said he would have hired someone else. sessions asked about the president's criticism during unrelated news conference. >> it's something that goes beyond any thought i would have ever had for myself. we love this job, we love this department and i plan to

continue to do so as long as that is appropriate. >> the deputy white house press secretary sarah huckabee sanders say it is white house does have confidence in jeff sessions saying if the president did not, sessions would not be on the job. when asked, what is behind that confidence, sanders, for example, listed sessions ability to combat the ms13 gang. back to you in new york. >> blake, thanks for that. lea: senate republican gearing up for a vote next week on the revived health care plan. senator ted cruz was on hannity last night calling on his fellow republicans to do what they said they would do. >> for seven years we've campaigned on repealing obamacare, we got the chance to do it, the house has passed repeal bill, it's in the senate, the president is ready to sign it and it's up to the senate republicans, we are either going to step up to the bar or keep our word or we are going to look the voters in the eye and break our word. >> cruz is sponsoring an amendment that would expand

coverage and reduce premiums by freeing insurance -- by freeing insurers, rather from obamacare regulations. now, according to new estimate from the congressional budget office which excludes that amendment, the senate's health care plan would increase the number of uninsured people by 22 million by 2026. >> house speaker paul ryan pitching the republican plan for tax reform at a shoe factory in massachusetts. more from adam shapiro. adam: >> good morning, ladies, tax reform almost running because the house budget committee has passed the measure for budget resolution we can begin debate and eventually get to some kind of resolution, that's still ways off and we heard already from speaker paul ryan on the need to do something quickly. >> we are going get this done in 2017, we are going to get this done because we have to get this done. the competitiveness of our economy, the viability of our jobs, making sure that we can be competitive, that with can grow, create and raise families and

have faster growth and not just the economy but our wages, standard of living, we cannot miss this once in a lifetime opportunity. this is a once in a generation moment. it is time to cut taxes and simplify the code, it is time to create jobs and grow our economy. >> but there are disagreements on where to cut and what the cut. we spoke with house ways means chairman kevin brady just last week and asked him should the corporate tax rate go down to 15% and he said, well, it's a target. >> i think that's a critical that we get as low as we can. president trump has recommended 15, we recommended 20, we ought to shoot for those goals at least to that 20% level and it is achievable. the house republican blueprint with those lower rates not just for corporations but mom and pop businesses around the country have the dramatic rate cut as well. we do all of that and balance

within the budget. >> the bottom line is don't expect anything to happen quickly in the house. back to you. >> thanks adam. lea: while train delays and heavy traffic got you down, pretty soon elon musk says he may be able to solve your travel problems. >> tracee carrasco with the news and other newses, good morning, tracee. tracee: he sent out this tweet yesterday just received verbal government approval for the company to build underground ny dc hyperhoop. he didn't say who gave him the approval. white house says it has been in positive discussions with musk and underground drilling enterprise the boring company. still a lot of work need today receive formal approval but am optimistic that will occur rapidly. could you imagine, less than a half an hour. >> i would live in washington close to my parents and i would

travel here to work every single day. i'm all for it. >> this is impossible. believe it or not that second avenue subway on the other side of new york took 100 years to plan and execute. i don't think we are going to get the hyperloop any time soon. >> i'm going stay hopeful. tracee: chipotle earlier this week we told you about a chipotle restaurant in sterling, virginia near washington, d.c. that shut down after 13 people got sick from eating there. well, that number closer to 133 according to reports on the website. i was poisoned.com. one person tested positive for noro virus which is the suspected cause of the illness. the the chipotle in virginia now open after going thorough chaining. chipotle ceo apologized and said i made a commitment to make the safest place to eat and i'm confident in the programs and the procedures we have

implemented. can't catch a break there. lea: they are said to report earnings on tuesday. i want to mention another fast-food company. when i was deployed in the military, you have cravings, one things everybody craves is mcdonalds french fries. it's going to have a clothing line? tracee: that's right. they offered their delivery service and they want to make sure that you are comfortable while you're eating at home, so how about a new clothing line that includes an adult size big mac onesie, how about french fries-themed sweat swifter or pillow cases or a picnic blanket. customers can get it for free while ordering in select cities through the uber eats app. lea: i love it. lea: i would be wearing the onesie.

>> i think they are giving them out free too. tracee: they are, that's amazing. >> tracee, thanks for that. lea: thank you. >> coming up, the nasdaq hitting its third straight record high in a row. i kid you not, more than 40 records this year alone. are we in a bubble or are tech stocks playing catch-up, we will ask market strategists rob morgan. what's the price of a bag of moon dust, you won't believe how much somebody is paying for it? you're watching fbn:am. stay with us 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.

and at $4.95, you can trade with a clear advantage. i cai'm with the irs - you owe back taxes, and if you don't pay today, you're going to jail. you can fix this by sending cash - and you actually believe me. too smart to fall for it? well, last year, americans paid $100 million dollars to guys like me. one in six people got scammed. can you believe it? you shouldn't. i just made that up, too. ... you are a little gullible.

lowe leave welcome back, let's get you caught up on what's happening now. fox news poll show majority of americans, 55% thinks that military force will be required to stop north korea's nuclear ambitions and half favor the u.s. actually using such force. since april, nuclear north carolina has conducted several missile tests including successful last launch of intercontinental missile. a florida man was obsessed with at&t crew that he shot at them. >> derrick, my name is derrick taylor. somebody is up in the bucket right now and they can't come

down because he's shooting the truck. >> that's unbelievable. the 64-year-old man walking to the truck and firing at a technician. another technician can be heard calling police after the man shot the tires on his truck, police said the man was upset because the trucks get this were parked in front of his driveways, charges are pending. and get this, a bag of moon dust from nasa apolo mission was sold for $9.8 million at auction this week. chicago woman purchased the bag in federal auction for 495 bucks. the woman won the court battle and now scored out of the world return on her investment and that's what's happening now, gerri. >> amazing, that's an investment story. we are looking for bubbles on wall street today. wall street journal reports tech stocks are not in bubble but overall stock

market it might just be in one. rob morgan at sandi spring trust joins us now, good morning, rob, good to see you. talk about this idea of the bubble, you know, s&p 500 tech sector, they call it their info tech sector up 23% this year, is the bubble? >> you know, gerri, certain stocks in the tech sector maybe are rich, the so-called fang stocks. i think the overall sector, if you look back at the market, low 2009 has just done a lot of catch-up work. it's up about 400% but so is the financial sector, so i really don't see a bubble in the tech sector right now. >> interesting that same story talks about how in the dot com boom, think about that, over five years, we are not seeing that yet, so not as that time but do you think there could be retrenchment for big names like

alphabet, amazon, facebook? >> they certainly are at elevated price. they are priced somewhat for perfection and any misstep. they are momentum stocks. so far they have been able to produce. but i would be careful about buying a portfolio of only those tech stocks. >> go with the flow, maybe not right now. one other sector question for you, though, the financials are doing really, really well and people don't talk about them being overbought. what's your expectation for that group? >> i tell you, gerri, i like financials, one of my favorite sectors along with tech for a number of reasons, not only potential financial reform but the possibility of a steepening yield curve which we have been talking about for white a while and the stress test that came out recently, kind of gave them a vote of confidence as well.

>> i have to get you to microsoft, they did pretty well thanks to cloud computing business, what's your take on microsoft? >> i tell you, it was a great beat, 98 cents a share and revenues were half a billion dollars above what the street expected and the biggest surprise was -- the cloud computing doubled in the quarter. so watch out for the sleepy pc giant, they have been saying for a while they are moving to the cloud and i think they are making strides in doing that. >> finally working for mr. softy, thanks a lot. lea: coming up in sports, bring it is heat for the yankees, how hard was he throwing? just wait, even in the off season, steph curry is making amazing shots, even he's impressed with this one. we will show it to you next. we will have a live report from

london and let's take a look at u.s. stock market futures, dow, well, we just lost on the board, earnings next week and dow futures higher and nasdaq just slipped to the red there. just fractionally lower, you're watching fbn:am. stay with us you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car.

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>> time now for sports, a great pitching dual in seattle, rocky of the yankees going against a veteran félix hernández of the mariners. take a look at this.

both pitchers for six innings, hernández nine strictouts in 7 innings that is, todd frasier. get this, in the fourth, fires a fast ball at 101.2 miles per hour. that's the fastest pitch this year by a starting pitcher, wow. he was still throwing 100. too much for the mariners, yankees win 4-1. brandon mccarthy and dodgers looking for 12 straight wins, the braves say not against us. braves jump ahead 2-0, how cute, look at this. there he is right there. dad scores on the next play and mica throws him a couple of kisses. braves go onto win 6-3, i love

stories like that. only six weeks before the they kick off season, didn't provide resignation but several media outlet reports, and is being investigated for allegedly making calls to escort service from the university issued phone. matt takes over on an interim basis. and even while filming a commercial steph curry can't miss, check this out. [cheers and applause] >> yeah! yeah! [cheers and applause] >> it only took me one try. >> i wish i could do that. amazing. you want to see, he's back where

he belongs. the turtle was rescued back in february and recovery at marine life center in florida, the washington national hold spring training near the facility and baker happened to stop by one day, the staff named the turtle after manager who apparently has passion for turtles, who knew, 300 folks gather on the beach to watch dusty return to the ocean. that's super cool too. brooks kept today's action on top of the leader board. you're going to watch that. it's a great game. >> exciting. [laughter] lea: coming up, we are following the money as investors ramp up their interest in europe. whether he go live to the wall street journal bureau in london for the latest, that's straight ahead on fbn:am.

or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424.

lea: well investors are putting more of their money to work in european stocks. riva, this is not what we were seeing back in december, they were putting money into u.s. stocks. >> yeah, good morning. it's definitely a reversal of the trend that you had in december and for most of the winter, people started the year really, really enthusiastic about u.s. stocks, obviously they climbed the record highs and people were really worried about europe and there appeared to be a lot of political risks

in the euro accident whether it was french elections or dutch elections or german elections later in the year. what happened as we have gotten through the year, people have gotten nervous about the u.s. stocks after they climbed to record stocks and gotten expensive relative to history and people have reduced expectations to see big tax cuts later this year while in the euro zone the economy is actually outpaced the u.s. earnings, revisions have been really, really solid here for the first time in a long time and a lot of the election's people were really worried about and actually what is market-friendly outcome. you've seep a total reversal in how global investors think about europe so far this year. >> we have seen a lot of changes in europe recently. we have seen unemployment receding there and also inflation has firmed up, riva, how is that having an impact? >> yeah, it's interesting because people are starting to

wonder whether you're getting to a point where the massive kind of stimulus in the euro zone as a result is going to need to change and so as you've had yield react to firming economy and firming inflation that's seen as really good for euro zone banks which get a lot of their lending income when rates go up and you have a bigger kind of difference between short and long-term rates, so that combination of solid growth and potentially higher bond yields make a lot of people think that european stock market, tends to be a lot more waited to banks than the u.s. stock market, might be an attractive place to put the money. lea: all right, riva gold, thank you so much for joining us. next week a big week for earnings, more than a third of the companies reporting. we will hear from the fang stocks, other than, we heard from netflix, we will be hearing from twitter, lots of exciting news in earnings next week. >> busy, busy, thank you so much for watching fbn:am this

morning, we hope you have a great weekend. lea: happy friday, we will have our regular host cheryl and lauren and now we will hand it over to maria bartiromo who will take you through the next few hours. maria: hey, there girls, happy friday, everybody, good morning, i'm maria bartiromo, we are happy you are with us, friday july 21st, here top stories 6:00 a.m. on the east coast right now. battle to repeal and replace obamacare rages on this morning. new report from congressional budget office say that is the senate's latest bill would leave 22 million fewer people ensured over the decade would save $24 billion. senator ted cruz says it's time to make good on promise. >> it is simple, the message that i'm convey to go my colleagues is real simple, let's do what we said we would do, for seven years we campaigned on repealing obamacare. we are either going to step up to the bar and keep our word or look voters in the eye