things of infinite, the universe and human stupidity. thank you for being with us, join us tomorrow, we appreciate >> the same reason they can indict him, they issue a subpoena. this is not good for the american people. gerri: special counsel robert mueller stole the presidents trump legal team that he will not indict the president get the latest on the russia probe when you're on. treat doing your markets come as big again. soaring to a record high yesterday. we will look at what that tells us about the health of the u.s. economy. gerri: u.s. stock market futures down. the nasdaq down 28.

cheryl: dimly assured earlier in this one. still focused on rising interest rates. the 10 year treasury yield talk about the three-point 1% level. gerri: european countries where gambling business side of iran u.s. level sanctions there. right now the ftse marginally higher. the cac a 15 peer >> taken a look at stocks. mostly lower except for the japanese market. nikkei rising half of a percent. gerri: always on wal-mart. how is it fair in its battle with amazon. "fbn:am" starts right now. train 25:01 a.m. in new york. thursday, may 17th. i'm cheryl casone. gerri: good morning. and gerri willis and gerri

willis infra- lorinda simonetti. cheryl: a lot of braking is to get everyone up to speed. gerri: day, big, big and attend going on in the market. train to first, breaking overnight news. president trump's attorney rudy giuliani telling robert mueller won't indict the president. giuliani saying investigators told translators that they would follow the justice department's view that the constitution bars prosecuting a sitting president. juliano also saying -- >> remember clinton's supposed to subpoena and voluntarily complied. and then his administration wrote a memo saying they can't do that. gerri: today marks one year since they were appointed to see the investigation. investigators have charged 19 people including four trump campaign advisers and three russian companies.

>> for more, let's bring in macy's. good morning to you. >> good morning. thank you for having me. cheryl: there's been a debate about invading a sitting president. how does this differ from a subpoena? >> absolutely. twice now the justice department has issued an opinion in the context of nixon and clinton that a sitting president cannot be prosecuted for a crime. that means a sitting president is not going to be indicted and prosecuted for some criminal at committee. that is different from a subpoena seeking some sort of document or witness testimony not necessarily leading to a criminal indictment of that person but it could be regarding another individual or another situation. that's the difference between the two. cheryl: today is the one-year anniversary of the mueller

investigation. i want you to listen to a rudy giuliani said about how long this has been going on for. >> it is than a year. it's got 1.4 million documents and he has nothing, which is why he wants to bring the interview and we demand from him, tell us what you have to get to you don't already have. he has all the facts to make a decision. >> he's got all the facts and he could make the decision. in past probes of this nature they've gone on for over a year. >> can't believe it's been a year, but the issue is the legal system does take time but it is particular. it is very clear mueller is not going to be able to indict trump. the question becomes is he going to begin to testify. if that happens, the trump team is absolutely going to challenge

the subpoena. guess what, there's no supreme court decision on point to that niche issue of whether or not a sitting president can be compelled to sit down and testify. in the past we saw clinton subpoenaed, but he ended up coming to an agreement to get his testimony. track challenges this, you can see this go to the supreme court. it just depends which write because how hard to push testimony. cheryl: so clear here, smaller sistrunk broke along the president can be indicted, what does mueller have at that point? >> write a report that indicates what laws were broken, what may be at may be an issue as far as breaking the law and you can submit the report to congress. congress can take the opportunity whether or not to say that would qualify as a misdemeanor for the purposes of impeachment. that's really if anything where

this could go. cheryl: doesn't seem like much incentive to sit down at this point. that will open up another pandora's box in the legal team is that telling them that right now. thank you for the legal perspective on all this. we appreciate it. gerri: fascinating stuff. the u.s. and north korea's kim jong said they threatens to cancel next month's summit in singapore. meanwhile, he'll insist on the country's denuclearization. cheryl: blake burman at the white house with the latest. >> the optimism hit an all-time high last week after north korea freed the final three detainees inside the country. but now, the white house is back in a wait-and-see mode after north korea has threatened to scrap the meeting between president trump and kim jong un. president trump wednesday returning to a familiar line. >> we haven't seen anything. we haven't heard anything. we will see what happens.

reporter: north korea subjected to military trials between the u.s. and comments made by john bolton, national security adviser that libya was the model for denuclearization. a top north korean official dismissed the blueprint. there's still a sense of cautious optimism at the white house that the meeting will take place next month. >> this is something they fully expect it. the president is here used in ready to test negotiations and if they want to meet will be ready and if they don't, that's okay, too. >> this is fully expect it. did you believe they would call back at some point? >> we know this is a standard function that can often happen and we are not surprised by it, but we'll continue moving forward. reporter: polled responded by saying i'm kind of used to it. it's what the north koreans do.

the question is whether this is a sign that they're not taking abject denuclearization seriously. back to you in new york. trade to stay with the overseas story coming to chinese trade delegation led by the vice premier is meeting with members of the senate finance committee and house ways and means committee. congressman kevin brady saying they urged china to reduce trade areas, increase intellectual property rights protection and a level playing field for american companies and workers. trade three white guys trade adviser peter navarra would not be part of a the negotiation with the chinese delegation after he reportedly clashed with treasury secretary stephen mnuchin during the recent trip to beijing. others say navarro will be included to white house economic adviser larry kudlow will be on "varney & company" at 9:00 a.m.

eastern. susan lee will sit down with canadian prime minister justin trudeau for an interview at the human heart economic club. big interviews on fbn. >> mary larry kudlow can clear up the confusion. turning to earnings, results from wal-mart this morning. higher earnings per share and revenue compared to jericho. investors watching for news on whether amazon prime membership effected wal-mart online. the online growth slowed in its last earnings report. gerri: jcpenney reported before the opening bell. a retailer to boast a lot of lower revenue from last year at this time. wal-mart shares are down 14% this year will while jcpenney is down 8%. the brick-and-mortar companies keep having trouble. cheryl: except for macy's. speaking of pushing.

push to compete with codify. youtube is revamping its music service. >> launching a new music streaming service next week for $10 a month to get features like personalized playlists based on your youtube history. coming soon from the youtube premium, the subscription service for an extra $2 a month in addition to the music service that removes all ads from all of youtube including its original shows. gerri: companies love subscriptions. adding cash to your amazon account. >> this is a great way to do that. amazon has partnered with windstar come in the company that makes a change counting machines found in many grocery stores and ways for you to add cash to your amazon account. it's easy to feed the cash up to

$500 into the machine and add it to your account. very easy there. cheryl: finally something simple. a stinging accusation against the ceo of bumblebee. >> the ceo of bumblebee foods has been indicted on one count to price-fixing after he allegedly conspired with others in the industry to eliminate competition by setting prices for canned tuna from 2010 to 2013. three other people including a former starkist and executive have been charged as well. the government began investigating price-fixing between starkist, bumblebee foods and chicken of the sea more than two years ago. through mail. cheryl: the entry of the china business. gerri: ipad is expensive. i wasn't sure why. the judge expect you to issue a ruling today in the legal battle

between cbs controlling shareholder after the judge issued a temporary restraining order yesterday. cbs is doing to prevent the holding company national amusement for cbs and viacom. they scheduled a special meeting to do with the redstone families voting rights. shares are down 7% while viacom shares are down 8%. cheryl: charlie gasparino with more on that later today. coming up this morning, a golf trap burst into flames on a texas highway. the driver escaped. we will show you all of that. looks like some things have a "ghostbusters" merging over new york city. we've got the latest fallout for other severe weather with janice dean on what we can expect today.

slightly down in the premarket. s&p down five, nasdaq down 26. you are watching "fbn:am." ♪ this is frank. sup! this is frank's favorite record. this is frank's dog. and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. [muswe were built on it. (vo) we know the value of trust. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse.

over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab.

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cheryl: welcome back till it's good to come up on what's happening now. u.s. stock market futures on your thursday the slightly lower than predicted. s&p down five, nasdaq down 26. fighting continues to flare up on the israeli gaza border. israel launches more airstrikes in southern hamas territories in gaza. the attacks in response to machine gun fire from across the border that hit home in the israeli city. nobody was hurt. it's the first enemy gunfire has hit the city from gaza. more earthquakes shake in hawaii and continues to spew out of the kilauea volcano. the largest that measuring it for .4 magnitude. 20 fishers are denying the volume. the massive outgrowing overnight. the volcano not stopping. golfers, jerry.

let's just see off in the middle of a disaster. check out this video. captured by cameras on a highway in dallas. trunk landed in the media. he was backing up of the new toll road. luckily not injured and that is what is happening now. >> is hard to play. back to extreme weather. people now dead this powerful storm slammed the east coast, slamming the northeast, ripping trees from the ground, crashed into several homes. rising waters, severely damaging and maryland and millions from virginia. >> janice dean is here with what they can expect today.

>> expecting a stormy pattern up and down the east coast. the current temperatures cooler than average for a lot of folks. the frontal boundary with the wild weather. other ran across the east coast from florida all the way up towards main not only today but friday into saturday. more strong storms, isolated tornadoes across high plains moving a little bit more towards the east on friday. still a threat so if severe storms as they head towards a beacon for the central part of the u.s. and the big concern is the flooding. flooding potential from florida to the mid-atlantic to the new york city area. this is a big problem as we head into saturday. fisher forecast today. especially the eastern part of the country and severe storms firing up. >> thank you very much.

gerri: small is big again. but to the record small caps mean for the economy? we'll take a look at the stock u.s. index futures. s&p down five, nasdaq down 25. you are watching "fbn:am." prepare for your demise, mr. billingsley! do your worst, doctor. i will. but first, a little presentation. hijacking earth's geothermal energy supply. phase 1. choosing the right drill bit. as long as evil villains reveal their plans, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more

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gerri: the russell 2000 closing up 1% yesterday to a record high and a vote of confidence for u.s. economic growth. tina prosciutto, u.s. economic and mark attila at atomic while the guys join us for a conversation about the russell. good morning, guys.

steve, i'll start with you. a big news for the russell at 5% for the year. while the dow was up two tenths of a percent. what does this tell you about the economy and isn't this just a response to the fact that big cab drivers are under pressure because of these trade worries? >> more than an economic story taking place. the domestic economy is running on this same trend we've been seeing for years from two and a quarter to 2.5%. accelerating lasher is starting to dip back down in the three of the big performance of large-cap relative to small cap last year. he gave us a little reversal this year. gerri: right, of course i've got to tell you small-cap now outperforming the overseas market. if you want to play this trend is an individual investor, how do you do it? analyzing the small companies

under one by one basis because the analyst coverage is spotty and after all their 7000 of these companies in the index. >> small caps were ripe for a rebound. the action had been in large caps. when you look at the small-cap index, sectors are benefiting from the domestic economy. you've got higher demand growth for loans and lower reserves at the banks. you couple that with interest rates they can charge more for the loans. the tax cut a huge slingshot effect for small-cap names which are a big part in the rational that you mentioned. gerri: that's a very good point. write it down by sector. back to you in the economy. small-cap companies move the economy to higher levels. gdp week in the first quarter,

the small business optimism sells in april. why do you think? >> the fact that there's an individual large-cap and small-cap environment. was more important is the negative impact of the tax cut and statewide level of gdp and a lot of these are dependent on transfers. what they see as basically 40% of gdp for the overall economy are being negatively impacted by the tax adjustment. typically what happens is you begin to see info for the longer-term positive come through in terms of the economy and that's the reason you see that adjustment takes place. gerri: interesting stuff. bar, which you unwind the tech

stocks because of this trend. the four or five stocks just crowding out all of their trade, is ultimately the small-cap trends sustainable? >> small caps have a long way to run on a relative basis and it wouldn't exit was been working. too risky on the wrong side of things if you've been betting against tak in the science and future of tomorrow. the same stocks are up for reason. the individual components have strong support. he saw warren buffett was saying about apple. amazon is the beast in the retail space. i don't see how you bet against what's been working and feeling the economic growth. i think you put think you put your money in a broad range of stocks if you're going to be in the stock market and it's time investors were rewarded being in small-cap sector right now. gerri: the small-cap funds or reason at this point is people

get on to the trend. thank you so much for coming on. great to have it today. >> good to be here. cheryl: truck lovers rejoice after what happened after a shortage. good news for fans in the ford f. 150s. the company is watching their bottom lines, the chartered jet market is flying high. coming up, "fbn:am" is ready for takeoff. take another picture futures, the dow is down 20 in the free market can't s&p up for .5, nasdaq down 25.5. we'll be back next. ♪ alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

>> we haven't seen anything. we haven't heard anything. we will see what happens.

cheryl: the white house in a wait-and-see mode after diplomatic hardball to north korea. south korea trying to mediate between president trump and kim jong un. gerri: small is big again with the index soaring to a record high yesterday. stock market futures this morning pointing to a lower opening. out of 13 the free market can't s&p 3.5, nasdaq down 23.5. gerri: investors focused on raising interest rates in your treasury yield back above 3.1%. cheryl: also looking at oil. u.s. cruise just crossed $72 for the first time in three years. look at the energy stocks today. the sector up almost 15% this quarter. drinks are resilient. open slightly higher as european countries polled businesses out of her brain is the u.s. level sanctions they are. gerri: stocks mostly lower

because of japan. the nikkei rose over half of a percent. gerri: to e. coli outbreak finally over. the cdc just ahead. "fbn:am" continues right now. 5:32 a.m. in new york on thursday, may 17th. i'm gerri willis. >> good morning. i'm cheryl casone. you train it healthy and e. coli break comes into it to you. gerri: sailor from the letters. kim jong un threatens to cancel next month's summit with president trump in singapore. meanwhile, the president saying he will astound the demutualization. daniel davis is a senior fellow for defense priorities. the virginia gop chairman.

in what is increasingly looking like on-again off-again talks with the u.s., north korea, south korea offering to serve as an intermediary and these talks. how about were given the president taking charge? >> although do is get fed up because there is no doubt president trump is the one in charge and this is a negotiation ultimately between president trump in the intermediary role to facilitate out. there was anything goes in place. cheryl: "the wall street journal" has a fantastic story today detailing how north korea has repeatedly, over 25 years, back tracked on international agreements regarding weapons. in a statement wednesday they might've been in the top fifth they continue to demand unilateral nuclear disarmament has assigned the same thing will happen all over again. >> give money.

this underscores why it's so critical president trump stays the course. but trump doctrine of peace through strength if you will have gotten us to this place. president trump needs to be willing to talk away -- walk away from the talks if they do not agree to the nuclear station timetable. the city should keep doing. >> let's put that screen back up. the non-proliferation treaty 1993, 1994, the six party talks again and again, north korea walks away for 25 years. you've been on the ground there. are they going to do it again? >> that remains to be seen. you can expect both sides will get more than they want and use all these different tack tape, which the whole thing is possibly pulling back. that is something they been doing for a long time and is very expected and not surprising at all. the thing most important is president trump screen is

required that you and the most sacred mission is to keep the united states safe to prevent water and keep americans safe from anything that may happen in choosing any military strike is the worst thing that could happen and we don't need that to keep us completely safe indefinitely. cheryl: that is true. let's talk about libya for a second. some people say and that's driving north korea is concerned. what is behind the most recent foray to the point they talk about pulling out of these talks. >> i think you can look at history as you talk about how this is their mo, what they do. they make promises and they pull out. there's something different about this. this president has been very clear. he shames this dictator and projected strength then got into a table. i think what the north korea tater is fighting for is keeping his job. president trump is the first president to come along and do

something about that. gerri: keeping his job, keeping his outcome of a sure he stays in positions for the rest of his life. i do see that. thank you for coming on the show today. appreciate your time. >> thank you very much. gerri: good news for travel lovers. your romaine lettuce is now in the clear. gerri: tracee carrasco joins us with that another headlines. >> good morning. the cdc says it's unlikely was taken from yuma, arizona still on the market in grocery stores or restaurants. even though it is the number of cases in the national outbreak continues to climb through the cdc reported 23 new cases, bringing the number up. people of the total now 172. one person died, 75,000 people hospitalized. still haven't been able to see those exact source. the grower, the firmware. very scary.

gerri: and of course the story today. an upcoming change in management , 21st century fox. >> twenty-first century fox, the parent company has new leaders of the proposed remain part of the company, which will be called new fox. if the pending deal with disney closes. murdoch will report on trent replace his brother james while rupert murdoch will serve as cochairman. >> good news there is good news for fans of the f1 50. >> this is good. we reported on this last week. ford is resuming production of the pickup truck headed plant in dearborn, michigan tomorrow in kansas city on monday. it will take sometime for production to get back up to full speed after a fire shut down a crucial part supplier earlier this month. mercedes-benz and general motors had to suspend production at

several u.s. plants. >> people love that. thank you. billionaire investor tim draper sees the government going virtual in the near future. >> they can use the block chaining over the next five or 10 years to do most government services. this is unbelievable what this can do. this could change everything. cheryl: the digital currency around the world to compete on a level playing field. skype and tesla have poured millions of dollars into bitcoin. he believes it's the centerpiece of our new virtual world. over the last three months by the way as you can see a little volatile. bush's leave it at that. right now 82.95. gerri: president trump welcoming

the nato secretary-general to the white house. what we expect from today's meeting. plus business is booming across america. >> we will not allow for the board members and that is where we come in. >> what is behind the soaring industry? coming up next from the u.s. stock index futures take a look down this morning. down 12 on the dow, s&p 500 gerri, nasdaq down 23. you are watching "fbn:am." into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. 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.

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>> welcome back. let's get caught up on what's happening now. u.s. futures rate no trading lower. the dow down and cover has to be done three, nasdaq down 22.5. president trump meeting with jan stoltenberg today for the annual nato summit in july that the white house says the two will discuss the summit combating terrorism and the need for fair burden sharing. senate democrats and a few republicans voted to stop the plan to overturn that a child the regulations as an uphill battle with a slim chance of the republican-controlled house. net neutrality from blocking or

intentionally slowing down internet content for consumers or the fcc decided to roll back the obama air rules last december. the financial disclosure from president trump shows that he reimbursed his lawyer for the $130,000 to adult film actress jeremy daniels. president trump denies knowing anything about the payment and denies ever having an affair with stormy daniels or not is what is happening now. cheryl: the stormy story continues certainly. even for the wealthiest americans, owning and operating the jet is a financial commitment. one that publicly traded companies are moving away from. i went down to the airport to see for myself what corporate america is ditching the hassle and expense of ownership in choosing to rent instead. the ceos and companies moving

away from the huge sense of joint ownership two new plants on the tarmac. following the scandal for the misuse of corporate jets, current ceo john flannery telling executives to start using charter services. that is the explosion of growth. just been a jet smarter have the market along with established players. needless to say, private aviation is taking off. the executive crowd entered thomas moore, founder and ceo of vista jet, global player in the competitive phase of private aviation. taking us along for the ride on one of his luxury plane. instead of sharing, vista jet planes go for as much a $16,000

an hour. >> talk to me about your customers. you are your main customers? who are they, where are they? >> there is a big pushback. the monies and fun should be allocated to grow their business rather than having a massive stock oncology. these airplanes create time and to be more efficient. >> you think the pricing starts to get lower and might become more available? i don't want to say the masses, but a certain component of the masses. >> of course. prefer five, $4000. we are driving a lot higher and therefore within the unit costs down, which is the price per hour for the client. cheryl: what is the craziest request you've ever had a customer make for you?

>> quintuple celebrity new year's they wanted the celebrated twice, so i think we started in japan and ended up in los angeles. cheryl: showing availability and comfort and seems to be cleared for takeoff. >> this is the master of the products are dealing two. 16 friend of ours are in the story. the lower level player at the wheels up in everything, prices will come down. >> that would be cool. houston rockets try to contain kevin durand. jared max with your sports highlights just ahead. plus, mark zuckerberg set to meet with european leaders over the massive data scandal.

take a look at stocks set to open lower this morning. the dow down 15, nasdaq down 25. you are watching "fbn:am." ♪ this is laura. and butch. and tank. and tiny. and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still?

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>> welcome back. nba western conference finals are going. gerri: jared max comeau ever sells the series. >> unlike to nothing. kid number two of the western conference finals between the rockets and the golden state warriors. a big night for kevin durand as he jumped out of the gate and

scored 37 points last night. but the libido he didn't get help from his friends. craig thompson scored a combined 24 although james harden, finalist for the mvp award with lebron james and anthony davis scored 27 apiece. rockets blast the warriors 127-2102 tied one game apiece and will be coming up sunday in oakland. would look to the coaching treats always with the likes of vince for birdie, but check out gregg popovich. in the system for 17 years before he would to the hawks in four or five seasons will be named the new head coach. he beat out those top assistant for the job. vegas golden knights two wins away moving on the stanley cup

finals. last night scoring twice in the previous game did it again as he scores in the first minute in less than a decade when my account afforded to either leave them. not hard to justify the kentucky derby they will raise from the number seven post one to two odds. hold your horses sports gamblers in new jersey. they asked to delay its debut sports betting scheduled for memorial day is that it made 28 become a ceremonial first backed by state leaders in one form or appear former governor chris christie spearheaded the fight for the supreme court ruling. after catching a 102 mile-per-hour line drive to his got last night, 44-year-old rangers pitcher said i have a lot of big belly, so i can take

it. cheryl: was his nickname? >> big. he said he was okay. he said "the simpsons" episode where he keeps pitching the cannonball to the valley. cheryl: like that. >> is joking about it, rubbing his belly. he's all right. and they keep winning. the rangers won, too. cheryl: hope he has a good cardiologist. just saying. he's a big guy. wow, yeah. gerri: jared max, thank you. fox news headlines 24/7 and sirius xm channel 115. cheryl: they've got a lot more coming out. facebook ceo mark zuckerberg ceo mark zuckerberg set to meet with european leaders next week. will he ease tensions over the

privacy scandal. a live report from london's straightahead. the ♪ we know the value of trust. we were built on it. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction.

we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com

cheryl: facebook ceo mark zuckerberg meaning they french president emmanuel macron next week in the wake of the company's privacy scandal. joshua mahoney joins us now. good morning. >> good morning. >> what he think he has to say to appease investors? >> this isn't the w-whiskey hat in front of congress. a number of reasons for this behind closed doors. the roi within the investing community has investing community has got to be picking over every single comment. also is not necessarily giving a formal testimony. more discussion about the next steps of where we move from here. everything in the u.s. has essentially laid the groundwork for face with to continue business as usual implementing some steps to improve the privacy side of it. we've seen their share price jump to the lows in march. around 4% i think essentially

markets see this as something with a temporary blip, little bit of a risk but not too much to worry about. gerri: european firms pulling out of the country now re-imposing sanctions. what kind of impact will they have on the companies in share prices? >> one of the major companies he talked about france coming into play. essentially they said they would be willing to move out of the region and given the sense they've taken. she seemed a big difference in terms of the outlook from the europeans and the u.s. because people within the e.u. still want to maintain the previous agreement. quite honestly still want to maintain the agreement to stay away from developing nuclear weapons when it's not remaining to be seen. as it stands at the moment, the

european company will find it difficult to stay in the region because they want to sell within the u.s. market. >> thank you for joining us this morning. appreciate it. gerri: now it is time for "mornings with maria." taken with all hosting today. >> good morning. i am in for maria bartiromo. thursday, may 17th. top stories extreme eastern. markets on edge with a lower open this morning. dow futures hoping 12 points at the moment after gains across the board yesterday even with the 10 year treasury yield kicking up a little bit still almost a three-point 1%. yesterday the index of small caps but the major standout hitting an all-time high. you can see how the market fared yesterday. keeping an eye on oil prices at the highest level since november 2014 caffeine $72 a

barrel. stocks edging higher at the moment, but a different story in asia overnight. had he mostly low whether. trade talks ground to. white house officials again when it comes to the chinese telecom giant zte. there has been no folding after he faced backlash over a tweet about helping zte get back in the business. we break down now. another ally taking aim at the u.s. over trade. japan, the country i in retaliatory tariffs. more details there. the molar probe marking its first anniversary into rudy giuliani stymied the investigation say in the special cannot indict the president. >> i think they have the facts frch