thank you. that's it for us tonight. congressman andy biggs, republican national committee chair ronna mcdaniel among or guests tomorrow. please join us. thanks for being with us >> markets look forward, not backward and i think they are flushing out slower economy, lower earnings as we move forward. of course if interest rates go higher, nothing good happens. gerri: perfect summer of rising rates and corporate agnews. stocks around the globe. the dow was down 600 points at one point yesterday. for them, but ended the day down 424 points extending the losing streak to five sessions. drink each day to focus on interest rates and earnings from facebook, twitter. buena vista now. u.s. stock market futures are once again in the red print the

dow is down 95. s&p 11. nasdaq and the premarket on 38. transfer interest rates today. the yield on the ten-year treasury goes back about 3% overnight for the first time in four years and right now the global stock extending the site in europe good stocks open lower. let's take a look at the ftse down 40. the cac down 24. dax down 197. 1.57%. drink your asian stocks posting losses be the big loser down 1%. gerri: amazon has a new way to keep your delivery save. "fbn:am" starts right now. trade 25:01 a.m. here in new york at wednesday may the 25th

i'm cheryl casone. gerri: i am gerri and for lauren simonetti. i think if you're worried about leaving things, it's a good thing to do. cheryl: we'll get to that later on in the show. there is plenty of circumstance last night as president trump hosted french president emmanuel macron at the white house for the administration's first state dinner. >> we raise our glasses as i offer this toast to president macron and brigitte, to the french delegation in every proud citizen of france. mayor friendship grow even deeper. mayor kinship grow even stronger and they are sacred never die. gerri: at lawrence at the white house with more. >> good morning.

the dinner was a formal affair lasting about two hours. also, the who's who of the corporate world was fair. during the test, and the romance between president trump in the french president was on display. pray strength and has been very productive talks about trade. the state dinner featured to team tables. the head table was at the center of the room. a three course meal in a room that was right at the château in precise, in france. they pulled out all the stops for the first state dinner. president trump may have been successful at changing the french president's mind about the iran nuclear deal on the table now every negotiation or another agreement to prevent iran from obtaining nuclear weapons. he will address a joint session of congress. the last leader to do that was 2016 the indian prime minister. back to you. cheryl: earlier yesterday a

joint news conference covered major topics including the iran nuclear deal. north korea and the syrian crisis. >> this is a deal that tk foundations. it's a bad deal. it's a bad structure. it's falling down. should have never, ever been made. if iran threatens us in any way, they will pay a price like few countries have ever paid. i hope that we will be able to deal an to deal and up an honorable honorable fashion with north korea. i started a process and when it did come over and thought i was doing it absolutely wrong, but for 25 years people have been dealing and it didn't happen a lot happening now. we will be coming home relatively soon. we finished a list almost i work with respect to a crisis in syria, isis in iraq and they've got a job that nobody has been able to do. with that being said, to want to come home, but i want to come home also with having

accomplished what we have to accomplish. gerri: fox brazenness will carry president macron address live at 10:30 a.m. eastern. you would join his life for that. cheryl: during the state dinner, a federal judge ruled against the trump administration's program. the judge says daca which protects young undocumented immigrant must continue to accept applications. it given the administration 90 days to justify what the program is unlawful. gerri: the supreme court with the ban on travelers to multiple muslim countries. the high court asked reverse with the supreme court's last change until october. train to president trump is confirming he's sending treasury secretary stephen mnuchin to china next week to settle trade

disputes. >> china's very serious. we are very serious. we put on very substantial terence and that will continue unless we make a trade deal. as you know, president xi, a terrific guy and friend of mine. he's representing china and i'm representing the united states. cheryl: the u.s. delegation includes white house economic adviser larry kudlow and trade adviser, peter navarro. gerri, we are down 83 in the dow futures come us a lot of rhetoric is affect the market sentiment. gerri: a global selloff without going. the moment of truth has come for facebook getting ready to release their first earnings report since the cambridge analytic scandal. cheryl: tracee carrasco has that and others this morning. good morning, tracee. >> face the corporate earnings

after the closing bell. mark zuckerberg i said facebook hasn't seen an impact on the cambridge analytic of fallout and will be very telling. investors will be looking for changes in inventory to see see if they spent any effect on facebook score ad sales. estimated revenue about $11.4 billion. faced with trading slightly higher in the premarket this morning. there are days. train to facebook and twitter is also today. another big headline. gerri: twitter will report its earnings ahead of the opening bout and investors are hoping twitter will report it second profitable quarter in a row. according to thomson reuters come estimated revenue is expected to grow by 10.4% for the previous year thanks in part to increasing advertising sales. investors will be watching to see if a series of improvement to twitter's platform means users are spending more time on this site and how that

translates into user growth. twitter is trading higher in the premarket as well. there it is on your screen. gerri: amazon testing a new delivery method. i want to try this wednesday expanded. >> you mention they are in our out there in our cars. amazon is now making deliveries right to your car. here's how it works or it prime numbers to own vehicles of the onstar system can download the amazon key at and make their car to the program. msn careers will be able to open the door that the packages. the new service kicks off in 37 cities that will extend to more places than vehicles if all goes well. cheryl: i didn't think that there is a demand for days. >> think about it this way. if you live in an apartment building, you might want to have your packages delivered to your car. they pop it in your trunk. a video in the press release shows to go except in this way.

i like it, but i know a lot of people like you have security concerns of privacy concerns. cheryl: thank you very much. we've got the dow down 75 in the premarket. of course watching futures closely this morning. after the yield on the 10 year treasury, 3% for the first time in four years. 3m came out with cautious guidance and again we do have dow futures down 78. the spring and gary b. smith. so much to talk about on this one. >> good morning, cheryl. a 24 hour news cycle these days. cheryl: it's like no one can sleep anymore after watching these markets. the first time we've seen, several years since we've seen the 3% level and beyond. is it good goodness, badness? the?

the economy is doing better. corporations doing better. although this seems to be a great growing economy. were we ready for this? do we embrace this in a way? >> a 100% with you on this, cheryl. you have to keep in perspective history a few years before you were born, but certainly when i was growing up, interest rates were 10%, 12%. if you look at historic rates on the 10 year, it is like a skyscraper goes off and then it comes down. we are at the down part. we are not at all all-time list of intergenerational dose of 3%, 325%. the bigger scheme of things is almost nothing. inflation is still low up there. honestly, it's an excuse for a lot of hedge funds, pension funds, whatever did take some profit.

cheryl: analyst saying this is the high water mark for the year. let's talk about caterpillar because that's really what happened. good old business took over yesterday during the day when you have good news coming out of caterpillar talking about the fact they are higher. this may be as good as we get. that seems to be the bigger story, the bigger tariff. >> that's another thing, but let's put caterpillar and 3m together. 200% the stock in about two years. could you say, yeah, people want to take pakistan even the slightest staff. caterpillar's business is still strong. 3m's news was even more interest in. just january, cheryl. january the stock was at an all-time high and stay in business looks great. it's rosie. had it not all cylinders. doing the right thing.

i'm scratching my head saying three, four later you are saying it's kind of the economy and earnings. i take all of this with a grain of salt. what you open with this precisely at. the economy is still strong. earnings should be going out. taxes are coming down. it's everything perfect? no. the foundation is strong. cheryl: i'm with you right there. thank you for the perspective. appreciate it. gerri: coming up, after democrats post victories in special elections in alabama and pennsylvania, do they continue in arizona? we'll have results. under the privacy scandal of facebook's birkenau for cancer? we'll get some clues this morning with mark zuckerberg releasing the latest results and tell you what to expect. u.s. stock index futures taking

a look down 79. the s&p 500 down as well. nasdaq down 35 bucks. we've seen lower stocks overnight. you are watching "fbn:am." ♪ there was an idea. to bring together a group of remarkable people. to help save the universe... from paying too much on their car insurance. hey, there's cake in the breakroom... what are you doing? um...nothing? marvel studios' avengers: infinity war, in theaters april 27th. now...where were we?

cheryl: welcome back. here is what is happening. take a look at futures right now. as you can see we've gone back and forth about 20 points on dow futures. we are down 94 right now. s&p down 11. nasdaq down more than 40. warnings about the 3% 10 year treasury and now they say mr. caterpillar and 3m. we are in the markets for you. also, talking about this. to dallas police officers and a security guard are in critical condition after being shot train to reprimand the home depot. rolando boris eventually got away, but police caught him after leading police on a five hour manhunt that ended in a high-speed chase. all of the victims remained hospitalized this morning. republicans are defending a congressional special election. debbie lasko beating democrat mini me by five points for the

seat up in the trent franks resigned in december amid sexual harassment allegations. still having to run for reelection in november. the consumer financial protection bureau mick mulvaney defending himself against "the new york times" article that says he told a group of bankers when he was in congress who would only speak to lobbyists trying to persuade lawmakers as part of the representative democracy. he also added he would talk to any constituent they showed up in his office. mulvaney didn't like the implication of the article and says i tell them to up their financial contributions or encourage them to get personally involved. the process is decried as want be. there you go, gerri. mick mulvaney over to you. gerri: as we mentioned earlier, reports "after the bell" today. the company has been claimed that price this quarter thanks to the cambridge analytica

scandal. let's bring in tech editor. welcome to the show. great to see you. this is put up or shut up day. he's saying this isn't going to affect us. don't worry, nothing to see here. do you agree? >> i do. i believe facebook has weathered the scandal pretty well. we will see that in the earnings today. i can't help but think back a couple weeks ago to zuckerberg testifying on capitol hill and just a picture of dozens of senators and representatives hammering with questions. semi-answered pretty well, so he didn't, the overall narrative seemed to be he's the underdog as a string that picture there. by and large, one of the key questions he was asked has been proven correct which is his

engagement down. mr. zuckerberg, have you seen people leave facebook right of a drop-off off in any significant number and he said no. gerri: to be clear here come of course there's a number of users using facebook, but it doesn't seem like that #delete facebook movement went anywhere. advertisers where they. advertisers where they go in and this could be more complicated to understand because only 20% of the reporting happens after the cambridge analytics revelation. so this is going to be hard to read. what exactly should they be looking forward when you talk about advertising revenue? >> the content moderation is a giant issue for all these companies. facebook, twitter, youtube is an ongoing problem of advertisers, having their ads appear next to

controversial or extreme content. facebook has that problem as well to a certain degree. facebook has more control from the advertisers to actually put your ad in front of the people you want to see them. they need to be reassured the content moderation or they won't have their ads on extreme pages for extremists or whatever. there needs to be a safeguard there. >> i want to move to twitter because that's stock unlike twitter has been done in the last three months, twitter has been up about 30% this year. a look at these companies are switching places. they are reporting as well. would you expect from twitter? >> twitter has successfully changed their narrative. year over year the up higher than 30%. for the longest time, it hasn't grown and it's really much

country very much the same company it was a year ago. they showed the audience they do have is highly engaged and is growing. twitter is very much a value proposition . if dorsey can make good on his promises to improve the quality of the conversation and say they are measuring the overall quality so there's less harassment and more positive things going on there, they can really keep moving. gerri: thank you so much for your time. thanks for coming in. cheryl: breakages for wine drinkers is definitely something every wine lover is going to whine about. wet weather in the northeast and new england. what happens after that? janice dean is that next. the dow was lower in the premarket. we will be right back.

♪

gerri: attention wine lovers or you could soon be paying more per bottle of cheap wine. wine production fell two with lowest level in 60 years due to bad weather and harvesting hotspots like europe and south africa where prices are through the roof. the cheaper the wind, the higher the prices are to make up with a lump in production. a great reason to buy american. cheryl: i need a moment. 74% jump in italian wine prices year-over-year. >> i know where all of really

depressed. if we didn't have enough to whine about after that, janice dean has the weather. bring us some good news. >> right now it's raining, but next week the 70s and 80s here in new york. how is that? cheryl: i feel better. thank you. 55 in new york at 54 in cincinnati, 46 in chicago. bring in the forecast for the mid-atlantic and northeast. there are going to be delays. we are not dealing with winds or severe weather, but it is going to be wet throughout the day today and into the evening. we could see some very heavy rain in the new york city area over the next couple hours since this is the missing. that's an indication they could see one to two inches per hour so we will continue to monitor this and bring you the latest. next week, shorts for everybody. cheryl: really? great, love it.

>> and spring flowers. gerri: and some wine. coming up, protests break out at wells fargo annual meeting of the bank scandals. so what is happening to the ceo pay package? or will tell you. one airline has a plan to make you famous and it's not going to cost you a penny. watching stock futures today. dow down ada, now 11. nasdaq down 42 as we continue to watch the global selloff now right here in the u.s. today. you are watching "fbn:am." ♪ that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets.

so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.

but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪ >> we have nuclear in the short run. nuclear in the long run. we have prisons in iran.

gerri: breaking news this morning. president trump and french president emmanuel macron saying there could be a new job they have nuclear programs. cheryl: the dow down 600 points at one point. the end of the day 424. the losing streak now five sessions. gerri: let take a look at the numbers to focus on interest rates for the likes of face up in twitter. boeing and vsat headed back to do a stop at the features down 80 and the dow jones industrial average, s&p 500 content, nasdaq down 38. pinnacle of this down interest rates. the yield is moot rack about 3%. reply 02. again the two basis points. >> stocks a blow on the back of the losses that the ftse down 54. cac down 33. dax, germany index down 200 points. >> hong kong, hang seng the big loser down 1%.

gerri: protested wells fargo annual meeting. we will tell you what happened. "fbn:am" right now. ♪ cheryl: 5:32 a.m. good morning. i'm gerri willis in for lauren simonetti. cheryl: good morning. i'm cheryl casone. a lot of news to get to his president trump and french president emmanuel macron are still butting heads over the iran nuclear deal. despite pushback at the white house yesterday, not ready to commit to anything just yet. >> nobody knows what i'm going to do on the 12th, but we'll see. we will see also afraid to what some people expect, whether or not it will be possible to do a new deal with solid foundations because this is a geo-with

decade foundations. it's a bad deal. cheryl: solid foundations. what does that mean? what trends still plan to scrap the deal or what is the new deal coming? care to join us from this big topic on the business and politics supported the independent voter network and research fellow at the foundation for defense of democracies. good morning. let me start with you on this. solid foundations. the president sounds up president sounds up into maybe reworking the iran nuclear deal. do you think that is going to be the case knowing the president? >> i think donald trump has got to keep his mind up and to this charm offensive. he doesn't want to make it seem as if the relationship is wasted at all. but he can't just retrench his promises during the election of completely redoing the deal, but he's clearly saying what they

can't completely scrap it and rebuild it by the 12th that there needs to be a build upon this and we know that donald trump loves those. and so, being so, being no pain, but really drawing a hard line is that we are facing here. people are looking at this week by treat. it is uncertain. we'll see. cheryl: at the same time, trump has made a lot of comments about the iran deal pretty scalded insane, called it ridiculous. that was just yesterday. it's not like he's changing his rhetoric about it. >> that is right. the president was right. the deal is heavily slanted in iran's favor. the president says something when he was campaigning, which still remains true today and you saw it on full display the multiple press conferences he had with mnuchin yesterday. he said i buy a bag just them good deals. the president inherited that fatally flawed deal from president obama. hopefully he can work to fix

thank you in advance of the next sanctions with a deadline of may may 12. cheryl: they think you will turn toward a completely. that seems to be macron biggest fear. i want to read you. we have more rhetoric coming out of iran overnight. about an hour ago this is from president rouhani. how could a building construct your "avatar" construct or make judgments about international affairs. wednesday, the iranian regime not happy. >> wasted words by rouhani as far as i'm concerned. who is he to speak to anyone about representing people prop early or being legitimately suited for a jog. i think this is a situation that the american people decided on trump is our leader.

rouhani is scared trample unite against them. we are waiting to see what angela merkel will say in his beginning ticket desperate. change is most likely will be made according to what president trump has said. this is part of his campaign's top one talking point. they know that changes have to have been and in my opinion, rouhani is getting desperate. it doesn't have the power of twitter like the united states. >> he could if he didn't represent iran. i want a look at these really quicker these really quick with you before we go. this is a scaled down by 2025. give it time basically. we are in 2018. the agreement with caveats. also saying that we should monitor and address iran's ballistic missile program. set conditions for political solutions contain issues. yemen, syria, iraq and lebanon.

iran's fingerprints of those four countries we should say. do you think macron ideas could get anywhere? >> conceptually they agree with all of those ideas. america and europe have been negotiated since january february this year, many european partners are hesitant to engage. we talk about ballistic missiles, other european leaders are only talking about icbms as opposed to the shorter medium-range ballistic missiles, all of the ballistic missiles could target the middle east and are nuclear-capable. there still are some flaws in what they are saying. >> it's a big topic and we'll keep talking about it. thanks, guys. >> my pleasure. transfer wells fargo shelley now finds. that's not stopping the ceo from getting a pay raise. >> good morning. wells fargo shareholders in favor of giving a 35% pay raise

to $17.5 million. the approval comes less than a week after wells fargo is fined $1 billion by federal regulators for its mortgage and auto loan business scandal. now it's about 100 protesters. shareholders in iowa with various causes. >> after all those protests from the shareholders voted for it. wells fargo deal that company paying a big fine. >> the fcc has ordered yahoo! to pay up after it failed to disclose to the public a massive data breach. yahoo! will pay $35 million that it misled investors after russian hackers access the account information of the least 500 million users in december 24th team. this is the first time the sec has started a company with the

disclosure process which we know has become a focal point for lawmakers and government agencies following hacks like this one and of course equifax. gerri: my favorite toy of the day. if you've ever wanted to see your face on the side of the plane come you can. >> forget the sight of the bus. we are going for the airplane. the south african airline will plaster faces does six winners on the size of their aircraft. you have to upload your best plain face. the winner will be picked based on the wackiest faces. each winner will also see their face on the plane. cheryl: we will come up with one. president trump hitting a big roadblock. details on allegations against the president personal.rad.

plus, raising concerns about a possible recession next year. taking a look at futures right now. it's been inactive warning for features. basically about 45-point swing in the last half-hour. dowd on 74 in the premarket. s&p and nasdaq as well. you are watching "fbn:am." at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.

you'll only pay $4.95. it does not take an extraordinary person to make a difference. it's just a matter of what kind of difference we choose to make. anyone can join an action team you just join and volunteer and help out. just get some of your friends together it doesn't have to be some huge thing. do something that you're passionate about,

find something that you like. make the world a better place. my favorite activities from this year would be buddy baseball because since i'm a baseball player i find it really near and dear to me that i'm helping kids with disabilities play the game that i love. we do what we do on the field but we have a duty off the field as well. it's our duty to give back to the community any way we can and events like today helping out special needs kids i mean that's what it's all about. it's doesn't take much to make a big impact. just having a positive attitude or helping someone every now and then makes more of a difference than i think any of us realize. action team for life. ha ha. believe it. to learn more about starting an action team visit our website. anyone can really make a difference.

cheryl: welcome back. taking a look at futures right now, we are seeing a sell off this morning in the market. we are backing off a little. the dow down 115 in the premarket on the dow. s&p and nasdaq lower as well. we are watching the numbers. also watching this for you. president trump's nominee to run the veterans affairs department has been bowing out. randy jackson told the president that allegations of excessive drinking, belittling employees and handing out pills were untrue. a caravan of about 130 migrants from central america has reached the u.s. border. betty needed medical assistance after their journey. they are now in the city of tijuana and the walk across the border together, turning themselves over to authorities. at the fresno state university professor sent out to treat

about barbara bush will not be punished by the school. she didn't violate any policies. gerard calls bush an amazing races and accuser of raising a war criminal. that is what is happening now. gerri: deals on the 10 year treasury. what is the biggest concern for investors. inflation are possible recession. sean o'hare and david could love. welcome to you both. i'll start with you. mixed signals yesterday in the markets and their action. we saw the cat a pill or ceo or cfo say we are at peak earnings and of course the yield of 3%. what does this mean and where are we going? are you more concerned about rising inflation are possible economic slowdown? >> i'm not concerned about either one of those two things. been concerned about the

abilities of earnings to continue at the rate they been rising. a 19% increase this quarter and i think i was it due to the policy enacted by the administration, regulatory reform and tax cuts. that's where the market ran up last year. next year's comparables will be more difficult. to me, that worries me more than anything and people need to pay attention to that. i don't think the bull market is over yet, but it's tougher and tougher for the market to continue to go higher. cheryl: but still down on what is going on in how it might apply to the markets. i want to talk about inflation data for a second year. we are seeing big signals. not just the 10 year treasury yield, but oil getting close to $70 a barrel. housing prices out yesterday. they are at the highest levels for february ever. we are making big moves in housing prices. how worried are you about

inflation and its impact on markets? >> it's an input because the tire will be an increase will be one factor that can increase inflation. housing being higher is a good sign that the economy overall. in terms of those two concerns, we are not concerned about inflation. we've had stocks do very well at higher inflation and where we are now. we are just now getting the 2% that are central bank has been trying to drive inflation up to you. in terms of recession, we don't see it with the economic growth expected this year. the tailwind of tax reform and fiscal stimulus for the economy. this year night team. on the earnings growth, we are looking for 18% earnings growth in 2018 and still double-digit growth in 2019. we think there are some strong tail winds to the economy.

>> we certainly have big earnings growth. when it's all said and done, it could command a 20% which is fantastic. the real worry is coming and what happens next. not for right now, but for next year. >> i don't have a crystal ball. look at companies free cash flow in their free cash flow yield. what we ideally want to invest in those companies who are growing their free cash flow while their stock prices not necessarily following because we eventually believe that will happen. this is the most hated bull market in history going all the way back to 2009. some people pay for all the wrong reasons. maybe it's a political thing. what we've got going on now is i don't think it makes as much sense to buy the broad market as it is to identify individual companies. gerri: you've got that right. that makes a lot of sense to me. a lover, not a hater.

thank you so much for your time today. >> thank you for having me. cheryl: lover not a hater on this. two teams advancing to the second round of the nba playoffs last night. jared max is coming up with sports. cheryl: the treasury hitting 3% for the first time. we are at three points or 3% right now. likely affecting futures as you can see. down eight and the premarket for the dow, s&p and nasdaq as well. we will be right back. the snack ♪

cheryl: welcome back. two teams punch their tickets and a second round of the nba playoffs last night.

gerri: jared max is here with more. >> good morning. let me start over. the defending champion golden state warriors have been shorthanded but they're still sat out against the spurs with an injury. kevin durand took control. scoring 25 in game five last night. thompson 24. golden state held off the rally in wednesday's unimpaired worst-case pelicans thanks. philadelphia title x u.s.a. in sports these days in here come the 76ers. beat miami and will face the winner of the celtics bucks series after a five-point win last night. city of toronto continues to mourn those lost and celebrate those who were heroic in monday's and attack. >> with us tonight or first responders to do with calls and dispatch told, who are on the scene to save lives.

[applause] statement the blue jays red sox game. baseball plays the role of healer for one night. curtis granderson 10 thinning home run in toronto has boston, it's third straight loss. here come the yankees. only four games back. gregorius goes deep. gary sanchez twice. 83 over minnesota. the nfl draft is finally here. for the first time on fox tomorrow night. nfl teams turning to gimmicks. josh other parent is going to announce all of the tampa bay buccaneers saturday. have you seen the parent? i think we have a shot of jean-jacques. gerri: not judge the war. >> we don't know if this parrot talks back to cops. polly want a draft pick?

cheryl: that's pretty good. a lot going on in sports. i like that moment in toronto. thank you for bringing that to us. gerri: you can catch jared max on fox news headlines 24/7. cheryl: coming upcoming european stocks under pressure. what can turn it around? we are going to london when "fbn:am" continues. ♪ and i heard that my cousin's wife's sister's husband was a lawyer, so i called him. but he never called me back! if your cousin's wife's sister's husband isn't a lawyer, call legalzoom and we'll connect you with an attorney. legalzoom. where life meets legal.

but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours.

♪ everything is working, just like it should ♪

gerri: u.s. stock futures point to more losses after the yield on the ten-year treasury cross the key level 3%. checking futures right now. dow jones industrial average down 60 points. s&p and nasdaq down as well. european stocks under pressure this morning. michael houston, chief analyst joins us now. welcome. good to see you. let's talk about what's ahead and specifically drill down to interest rates. what do you see for rates? >> you know, i think this is what is vexing investors the most. we've heard a lot about the 3% level. for me that is secondary to what future expect tuition rates are. the two-year yield is a 2.5%. what does that mean for

companies borrowing costs going forward? what does it mean for a squeeze on consumer spending given oil prices are up 56% since last summer in u.s. driving season is about to get underway. they think it is in that context and future earnings potential of the markets are looking at this. that is why we see a little softness in u.s. stock markets when the dividend yield of one points and 7% and bonds are much higher. cheryl: we're watching that. apple coming out next week with earnings. what are you looking for? >> this is the big story at the moment. a number of chip makers warning of sales. apple posters $21 billion of profit from the $58 in revenue is quite likely that we will see sales fall. they fell 1% in q1 despite the higher profit. they could fall further and that is what investors are focusing on. they do have other avenues of

revenue. they launched their home pod at february 9th in the u.s. in the u.k. we will see how that does good expectations are falling. gerri: michael houston, thank you for that. appreciate your time. cheryl: great to have viewed this morning for "fbn:am" for over two maria bartiromo for "mornings with maria." maria: thanks for joining us. i am maria bartiromo. it is wednesday, april 25th. top stories right now, sixa on the east coast or futures pointed to a decline at the start of trading this morning and that is pressuring global markets. dow industrials down 65 points at a quarter of a percent low. s&p down a quarter of a percent. almost one half of 1%. a tough day yesterday. stocks plunging after the ten-year treasury yields across 3% mark. the dow citing more than 400 points, finishing lower for a fifth day in a row and that wasn't even the low of the day. global markets taking a cue from

u.s. this morning. european indices down across the board. cac down two thirds of a percent and the dax in germany down 200 points. that is my .5%. right across the board as well, down better than 1%. earnings of focus on wall street as well before the bell this morning its stock is down. twitter also this morning on pace come expecting a strong quarter due to rising at sales for the stock is down better than 3% going into those numbers. "after the bell," facebook reporting for the first time since the company's data scandal broke. why investors are watching this this afternoon trades.down a quarter of a percent right now. president trump hosting french president emmanuel macron for his first white house state dinner last night during a bilateral meeting earlier in the day. leaders spoke about everything from national security to getting tough on