"strange inheritance". and remember... you can't take it with you. >> we are doing very well in terms of the summit with north korea. looks like it is going along very well. as you know, there are meetings going on as we speak. gerri: breaking news this morning. serious negotiations underway to get to north korea and usd nuclear stations on the back on track. top north korean diplomat making their way to the united states right now. cheryl: sinking oil prices and political chaos in europe's leading futures right now. as you can see in the premarket come in the dow 198-point after that three-day weekend could s&p

upon 1.5, nasdaq down 52. gerri: oil down nearly 2% after russia and saudi arabia agreed to increase oil production peak oil right now in 66 by 32, down to .3%. cheryl: in europe come investors continue to watch it happening with italy in the chaos there. pushing the yield to 625 month low. the cac and dax and germany down 1.5%. cheryl: sinking oil prices down the most, nearly 1%. trying to forget the afternoon jolted starbucks. you have to go somewhere else today. dozens of stores across the country are closing if employees get antivirus training. amy zegart starts right now.

5:01 a.m. in new york on tuesday, may 29th. twenty-ninth. i'm gerri willis and for lauren simonetti. drink it good morning. i'm cheryl casone. hope you had a great weekend. gerri: time off. raining, not raining. i don't really care. cheryl: busy weekend to start in "newsweek." a lot of breaking news to get to. a political crisis is erupting in italy and in the stock market heard this morning. the italian tenure government on guilt is rising. that's the inflation for the country. the euro falling to the lowest level since november against the dollar. this happens after italy's president rejected an attempt to form a government big eurosceptic possible coalition. french president emanuel macron expressing support for the president that elections could take place as early as august. of course the oil prices, here we go, down $2.5 on the dow, s&p

and nasdaq much lower as well. gerri: breaking news this morning. the team of american diplomat to meet with north korean officials ahead of next month potential summit between president trump and kim jong un. meanwhile, top officials reportedly heading to the u.s. to participate in negotiations before the summit. cheryl: greg talcott with the latest. spinnaker whirlwind of the debate involving president trump and north korean leader kim jong un. at the scene of saturday's surprise summit with south korean president moon jae-in, teams are working on details of a possible meeting. >> the u.s. is trying to gauge north korea's interest in denuclearization and what that might income how far they are willing to go. >> u.s. ambassador to the philippines, former ambassador

to south korea and korea nuclear negotiator, sung kim, director of korean affairs from alison who accompanied a bunker trying to the olympics in february and assistant secretary of defense for asia, randall shriver is the secretary of state might pompeo on his last trip to pyongyang. they're facing off against powerful than mr. justin lee whose explosive remarks last week ripping i nuclear to nuclear showdown in: based president penned a political time he almost blew the summit out of the water. a possible venue of the senate, white house deputy chief of staff joe hagan and others with north korean counterpart to plan logistics for the meeting. with more north-south inter-korean talks planned from the south korean president moon called monday for even more dialogue. possibly a three-way summit with the u.s. in the north after singapore. >> one thing president moon was trying to do was restore the communication channels to >> talks between negotiators

continue through tuesday with talk of one nice meeting between secretary of state pompeo and north korean officials to get the final go-ahead to the summit if all goes well. in seoul, south korea, greg talcott, fox news. >> the white house is now halting plan sanctions against north korea for the time being. japanese prime minister shinto aid will be with president trump before the north korean summit. >> critical trade talks tomorrow in paris. cecilia mom strom said to have commerce secretary wilbur ross. also expect you to discuss global trade topics at the u.s. trade representative tomorrow. e.u. officials want the u.s. to take additional steps against china's overproduction of steel and aluminum.

trumpeting to tennessee tonight where he will be discussing the u.s. economy in tennessee families. trump also expected to support congresswoman byrne who is seeking the senate seat held by bob corker who is retiring. fox business with live coverage of the president's rally tonight at 8:00 p.m. eastern time. cheryl: yesterday, president trump paying tribute to our fallen heroes on memorial day at arlington national cemetery. listen. >> they inspired their communities, uplifted their country and provided the best example of courage, virtue and valor the world will ever know. they thought and bled and died so that america would forever remain safe and strong and free. gerri: a beautiful ceremony. this was trump second trip to arlington to mark a while deus

president. cheryl: the start of a new beginning at starbucks. rolling out its antivirus training today. >> tracee carrasco joins us with that in other headlines making news this morning. >> closing a dozen locations for mandatory antivirus training for about 175,000 employees. starbucks chairman howard schultz, ceo kevin johnson and musician, and will serve as the virtual guide. each store will get a toolkit to help guide the training and focus on racial bias and discrimination. arrested at a starbucks in april. let's move on from starbucks to "star wars." a bit of a disappointment this weekend. >> yes, that's right. a "star wars" story from disney and lucasfilm's openness memorial day weekend at the top of the box office.

>> we waited a long time for a shot like this. >> as jerry said, it falls short of expectations, bringing in an estimated $103 million over the weekend. dead pool two came in second place with an estimated $55 million. in third place, avengers infinity war with $21 million rounding out the top five book club in life of the party. cheryl: definitely concerns they were going to be too many "star wars." >> they came out five months ago. cheryl: kind of makes sense. coca-cola has a new drink. very interesting. >> coca-cola's first alcohol drink is available. called lemon dill and will be available with 3%, 5% and 7% alcohol. this is the first alcoholic drink in the 132 year history.

bad news, only available on the japanese island of kyushu. that's a lot of things out in japan. gerri: thank you for that. appreciate it. cheryl: coming up, oil prices sink in the most 11 months in a deal between saudi arabia and russia to cut production. we will look out what that means for the stock market under pressure. also keeping an eye on this overnight. israel with more than 25 mortar shells were fired in the direction of the southern israel. lower oil prices, political chaos today. that is certainly expecting a futures market up, the dow was down still 177. s&p down 19 points i've come and nasdaq down 45. we are watching your markets and you are watching spn. ♪

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>> welcome back. let's get you caught up on what's happening right now. checking u.s. futures for a week open right here. the dow down 175, premarket. s&p 500 down 19, nasdaq down 43. tensions remain high on the israeli gaza border. the military says a barrage of

rocket were fired at israeli border community today. there were no reports of injuries. fortunately, former president george h.w. bush missing in his hometown's memorial day parade, but so taking time to honor our heroes. very much regret missing the memorial day parade today and forever grateful not only to those patriots who made the ultimate sacrifice for our nations, but also the gold star family whose heritage is viewed with her honor and heroism. sunday were covering from loeb blood pressure and fatigue. this multiple pro-immigration activists are under fire for immigrant children sleeping fole policy, separating parents and children when they crossed the border illegally.

for more obama speechwriter john favre and many others quickly deleted the tweet when they learned of their error and that is what is happening now. cheryl: with the new media, that is what happens. we are looking at a sellout with u.s. stock market futures as jerry just mentioned. political chaos in italy with the leadership being threatened. oil prices have tumbled after saudi arabia and russia agreed to boost output. jonathan hoenig had capitalistpig.com is with us. let's talk about what's happening first at the futures market today. heard this story has been a big piece of this is to you at a six-month low, the dollar getting a boost and you've got a lot of talk now that italy could be the next brexit, the next one to pull away from the >> yeah, it's almost like a potential asian contagion bringing it back to the late 1990s. there's a lot of reason the oil is following.

the political situation in italy and turkey with emerging economies talking about venezuela and all of these fact there is not just pulling for the band recently, but putting tremendous volatility into oil markets, energy markets and stock markets. we will open up over this morning, but the market in general with tremendous air as of late. as oil prices have as well. lots of volatility in oil markets and equity markets. when the world shakes are markets shudder as a result. >> is an interesting piece in the journal this morning about the fact that the u.s. market for stock investors to come in much more attractive, thank you, italy and some of the issues facing initiative. at the same time, and what really is going to still be a concern for u.s. investors as the orioles already. we are down now, but we were already sitting at three-year highs. great for energy, provide for economy and consumers in the

season. >> tremendous turnaround from last year. people were paying $2.37 a gallon for gas. we are still paying almost $2.90 a gallon for gas. i do believe despite the smaller drop off, we are going to see that trend continue. one of the reasons why simply as demand and supply. we know that the global economy will barge is strong. very low here in the united states is pushing prices higher. even more so some of the supply which is one of the largest oil supplies in the hemisphere to track dramatically. cheryl: i'm almost out of time, do you just mentioned that the number is 859, jump of 15. that could be held to the higher

gas prices in the near term at least. >> yes, absolutely. more supply, lower prices. the things they've done to lessen regulations is one of the things that has helped keep the cap on prices, even as energy overall has gone up quite a bit. gerri: jonathan, thank you very much. gerri: have to keep reminding myself. a devastating flood in and historic maryland town. this business is in ruin a guardsman is missing. >> it just seemed like it happened in seconds, where it was just an insane amount of water surging down the main street. >> we will have the latest on that situation. meanwhile, tropical storm alberto brings the threat of flash flood. janice dean has been tracking the storm and check in the u.s. stock index futures we've been watching all morning. the dow down at 379. the nasdaq points open lower.

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gerri: marines now on standby ready to air the people to safety as lava leaves the path of destruction and chaos across hawaii. this is a four-point four magnitude earthquake to the big island last night of a 3-d structures including 50 homes have now been destroyed. blocked by the lava flow, kilauea is showing. gerri: back on the mainland from

a desperate search intensifying for national guardsmen swept away in a devastating flash flood. last seen trying to help a woman when he fell into the water in maryland. aerial video showing the aftermath with cars stuck in mud and debris, littering the streets there. >> brutal. turning to have a comment to tv journalist killed when a tree fell on their tree. the form expected to head north. cheryl: fox meteorologist janice dean standing by with all this devastation. >> unfortunately it was a terrible weekend in terms of flash flooding. sub tropical depression alberto still causing the flood threat or parts of the gulf coast, southeast or is that mississippi river valley as the system slows down and without a lot of tropical moisture moving

northward. you can see the forecast radar as well. it is weakening, but we will see the threat or heavy rainfall come heavy rainfall, heavy rainfall, even towards the mid-atlantic and the northeast latter part of this week. some cases we could get four to six inches of heavy rain and a shirt. time. flash flooding will be a concern. a separate system from that coming out of the rockies and tornado warnings for parts of the threat to existing today for hail, damaging winds, isolating tornadoes shaded in the orange and yellow. there's your forecast today. that was the daytime record in minneapolis. it'll be rainy and stormy across the southeastern mississippi river valley. we will enjoy at 85 and sunshine here in new york. back to you ladies. train to thank you for a much. appreciate it.

>> any day my friend, any day. >> alexa is added again. this time the personal assistance recorded and distributed a conversation without their consent. we will show you how to find out if alexa is recording you. gerri: i still love her. i don't care. cheryl: a hamburger flipping robot. we are going to show you the new improved flippy. not much improvement on your future. after the three day holiday weekend, the dow down 187. s&p down 20 and three quarters. nasdaq is down 46. worries about italy. we will be right back. ♪ and maybe even, unproven fish oil supplements.

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>> moving along very nicely. we are looking at june 12th in singapore. that hasn't changed. >> reagan this morning. tough but green official reportedly heading to the u.s. right now ahead of next month possible summit between president trump and kim jong sunday. they've got a live report moments away. cheryl: oil prices and u.s. stock futures right now down 179. the s&p 500 down 18 printed nasdaq for b. to change. big piece of this as oil down nearly 2% after russia and saudi arabia agreed to increase their production capacity is 66545. a loss of 2%. >> now in europe, investors watching political chaos which is a six-point five-month low. take a look at the ftse down 100 across the board.

let's take a look at what's happening in asia. think about prices weighed on stocks there. hong kong hang seng down the most nearly 1%. >> a story really want to hear about. flip it a hamburger making robots is bad. how many workers she's now serving every day. "fbn:am" continues right now. almost 5:00 a.m. in new york. tuesday may 29th. i'm sure personae. gerri: good morning. i'm gerri willis. cheryl: flippy is bad. gerri: how long did she last last time? an hour and 15 minutes and she's done? cheryl: a busy weekend and a lot of folks working on this. a top north korean official on his way to the u.s. right now to the diplomat reportedly hopping on a flight overnight. preparations are heating up for the high-stakes summit between

president trump and kim jong sunday. gerri: griff jenkins live with the latest. >> good morning. this is diplomacy in overdrive. all signs pointing towards the on-again off-again senate from having to bring the video. vice chairman kim young shall in the airport to continue preparations for a short meeting. plus the u.s. delegation at this hour meeting with north korean officials. the delegation made up of former u.s. ambassador to south korea song kim. you have the nsc out of thin and randall shriver. this is president trump of the memorial day call with japanese prime minister shinto abe telling they are in close coronation intensity expected meeting between the u.s. and north korea. experts say this is a dialogue that has been helped greatly by south korea's president mooned

jae-in. >> one thing president ben was trying to do is restore the communication channel. that is why he wanted to meet with president moon. >> as we've seen, things can change quickly. june 12th is three weeks away. nevertheless, jason chafee says progress has been made. >> i think donald trump in conjunction with mike pompeo secretary of state are moving us in exactly the right direction. whether or not it happens actually on the 12th or not. >> finally, there is talk of one last meeting between the north koreans to give the go-ahead for the president heads to nashville today were we may learn more. gerri, cheryl. gerri: think so much for helping us out this morning. for more on this, jason all by her joins us now. jason is a democratic strategist and former pennsylvania congressman.

this amazing turnaround. an incredible effort over the weekend to see the u.s. summit with north korea as the white house pulled back on sanctions. we were expecting big sanctions this week. that is on hold. a flurry of activity including gerri: dimness. the united states team has arrived in north korea to make arrangements for the summit between kim jong un and myself. i truly believe north korea will be a great economic and financial nation. one day, kim jong un agrees with me, it will happen. good meaningful talks take place? >> i hope that they take place. this is certainly a positive development. june 12th is two weeks away and it's really difficult to put all the pieces in place for this monumental summit in such a short period of time, but they worked over the weekend. now there's a team from both countries in singapore. north korean officials may be visiting the united states this week to talk about finalizing

the details. looks like this might happen. gerri: people in the grand singapore, north korea, you name it. will we get a nuclear station? that is the big question is what the president has in pushing for. frankly we've had some pushback on it. can the ultimate goal be realized? >> there's a few issues here. one is that we take years as i've estimated 15 years for the process to take place involving north korea. the larger issue for the united states is what are they going to ask for in return? will they ask for the united states demilitarization from the region in southeast asia? that is something we would not be willing to go along what you would've up to 20,000 troops the united states has in south korea, and the base in japan. with north korea as the united states for in return is really going to determine how well the senate goes. cheryl: apparently there aren't enough weapons errs to really

look for weapons and north korea. let's get to the political question, which is can a breakthrough make a difference in the midterm? democrats plotting for the blue wave. could this make it more difficult to reset majorities in congress? >> there is no question that most of the democratic party's come of people the mid-terms are probably not going to change their view based on the outcome of this summit, especially the president has another end zone dance and starts talking about the nobel peace prize. however, in the swing districts that could go either way across the country, those are districts were something like this could have a positive impact for republicans. if the president can show progress and people are comfortable that there has been a dramatic change in our foreign affairs position with north korea, that would be safer. >> it would be historic if it happened. he's got a think there would be positive implications for the

president, but the stakes are high and even the own party asking big questions. here's what senator rubio had to say over the weekend. >> my suspicion remains that he's going to get as much sanctions relief as possible without having to give up his weapons. i think it's going to be a lot of twists and turns along the way to get there if it's even possible. i hope i'm wrong. i would like to see them do nuclear race. very optimistic. gerri: not very optimistic. you heard back from the senator. if there's anything less than the nuclear station, while the president walk away from a lot? >> i don't think having the meeting can be perceived as a failure. that is definitely a step in the right direction. you can't expect we will resolve 60 years of conflict based on one meeting that takes place two weeks from now. the fact that these two leaders would meet face-to-face have the opening discussion with

something i would equip lay the groundwork for future success. >> getting very close now to that meeting. all eyes will be on those conversations. jason ault meyer, thank you so much. >> thank you for having me. >> if you are worried alexa has been eavesdropping on you, there is a way to tell which is overheard. >> i want to hear all about this. tracey carrasco with more and other headlines. >> last week we told you about a woman who recorded her conversation and send it to one of her contacts? there's a way to see if she's recording and if your conversations. to find your recordings, opening up, click the menu on the left side, select settings and scroll down to history. you can read your phrases, play back the original recording and delete them. amazon has said always that the speakers only listen and record after you use alexa to make your

request. i did this this morning. very easy to do. i ask what the weather is quite often. she didn't record anything she wasn't supposed to. >> that's good news. i'm not even going to bother with that. she's such a convenience in our home. let's talk about the flavored tobacco that could be outlawed in san francisco. >> a major battle in san francisco right now is the city decides whether or not to ban flavored tobacco. contributing nearly $12 million to the proposition the campaign urging voters to reject the laws are fostered that is now on the june 5th ballot. supporters raised to $20,000,000,000.000000, including more than 2 million from former new york city mayor michael bloomberg. >> that's interesting. another band. flippy the broker bot is back.

>> phobias back. we've been waiting for return to the job at tolly burger restaurant after a rocky one day start back in march. philippi and coworkers have undergone more training in flippy is also working on being more surprised -- precise. >> she missed a trick? >> yes, that was an issue. >> people don't like that. thank you. cheryl: coming up, a dramatic rescue in holy brave young man's life changes after saving a child. expecting to show the economy still pretty strong. how will that affect the borrowing. we will take a look at that the military or features right. dow down 179. s&p down 18 and three quarters. s&p down three quarters. oil prices are falling, but also

a bit of a political scandal happening over in italy. all without being watched this morning. ♪ [thoughtful sigh] still nervous about buying a house? a little. thought i could de-stress with some zen gardening. at least we don't have to worry about homeowners insurance. just call geico. geico helps with homeowners insurance? good to know. been doing it for years. that's really good to know. i should clean this up. i'll get the dustpan. behind the golf clubs. get to know geico. and see how easy homeowners and renters insurance can be.

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u.s. features market. dow down 180 points. s&p down 20 and three quarters of a point. nasdaq down 44. 75 as markets contemplate oil prices and a constitutional crisis emerging in italy. a virginia congressman tom garrett has announced he won't be seeking reelection citing his struggles with alcoholism. any republican democrat or independent who's known me for any period of time and has any integrity knows two things. i am a good man and i am an alcoholic group of 46 or other public and looking at a competitive race with democratic challenger in the fall. a brave move bear. after a power outage, and shutting down rides for hours the senior point amusement park. the park to offering a free day for this effect did. anybody who bought tickets to return any other day this season free of charge. a real-life spiderman hailed a

hero after scaling a building to save his father. and now the boy's father could be going to jail as french prosecutors charged him with parental neglect after they say the man was out grocery shopping and playing pokémon and go while his son was hanging on for dear life. he's been rewarded with an offer of french citizenship in a job as a firefighter. that is what is happening now. >> and he got to make some new friends as well. jobs stay labor department publishing the name numbers. we'll get a look at that. the unemployment rate to save the lives of 3.9% with the expectation for 185,000 jobs added. in april the economy added a weaker than 164,000. investors watching on on friday, but a lot to talk about today. good morning.

i want to talk about the jobs issue in a second, but first the selloff we look at right now. the premarket down more than 200 points a few moments ago. we are kind of coming back a little bit. a lot of pressure. down 193 right now in the premarket for the dow. what do you make of this? >> a lot to do with the uncertainty out of italy. an elected populist movement there being suppressed by the entrenched bureaucrats and how that impacts the relationship with the euro zone. markets don't like uncertainty. italy is a huge issue are dead. just more of a pause because there's global uncertainty. >> the largest economy in the euro zone and pressure on them to break away from the euro zone and that is that these factions want. you've got another brexit story in your hands. the jobs report coming up on friday. 3.9% unemployment rate now. we haven't seen these levels

since 2000. wage pressure we had not seen the wage increases that we would really need to see to really see this as a success. >> there's been subtle wage pressure and we had almost a decade of stagnant wage and i moved them into the 2.5% wage increase is a really good number. it's enough to put money in the consumer's pockets and drive the u.s. economy. but it's not matured enough to put aside on the brakes by ratcheting upgrade. look at the 2.5, 2.6 wage increase up to good number for everybody involved. >> wage pressure as they can be a negative force. but maybe this will change on friday. but i can see that number as well as the unemployment excuse me, so his participation rate. let's talk about the fed. the meeting is next month. the expert patient is we'll probably get another rate hike. but the far right that investors continue to be rattled about.

>> that's a long way off. we are seeing the most important person in washington is jerome powell, head of the fed feared he would trade this market and the fed would be the entity that determines the length of the rally. if the fed sticks to strong rhetoric in a structured repeated rate hike, you will see that being the biggest headwind against the stock rally. corporate earnings are strong. global growth is strong. they will market, consumer are moving in the right direction. how strong with those be and how react to what the fed chair choose to be. >> you read the minutes last week. not that reactive and now is a market bonus. we saw sea -- chelsea from jerome powell. thank you very much. >> good to be here. golden state warriors cautioned that the houston rockets have been added to their fourth straight nba finals.

jared maxes with us in the nba playoffs highlights next. plus come a political crisis. almost a constitutional crisis now hitting is your fault to the lowest level since november. we will go to london for the details. stock futures this morning. the dow opens 204 points. the s&p down 22.5. the nasdaq down 49. we will be watching all of this for you. you are watching "fbn:am." ♪

cheryl: welcome back.

they turned the games outlet night before they were overcome you missed a lot. gerri: so much going on in the sports world. jared maxes back in time for the finals. >> the next two weeks are the most exciting time of year for sports fans. not only the stanley cup finals, begin seven in the nba last night. rockets warriors, winner goes to the finals against cleveland. rockets for game seven. hamstring injury, 15 in the first half. look at this third quarter. the rockets were duds. three-point land in the third quarter. they missed everyone they tried in the third of the golden state warriors took over. second straight elimination games. seth curry comes to life in the third order. show such a community. right, gerri? kevin durand behind them with

34. golden state back in the finals. they get here by outscoring rockets in the second half by 59 points in the last two games. >> no matter how bad the first was, no matter how bad it's always time to turn around. >> warriors against the cavaliers for the fourth straight year. lester golden state won the title mvp. >> i'm glad we are going back and got this opportunity. but for to take advantage of it. >> the golden state warriors non-opec favorite to repeat as nba champs, but according to the site from the sports history.com, the most lopsided in 16 years in the nba. 1000 bucks to win 100 in vegas. vegas, baby. expansion hockey team. players at this time last year hosted one of the stanley cup finals last night against the capitals. 10 goals were scored.

until. >> moving on with it. vegas golden knights win game one against the capitals. a second goal of the game. game three will be tomorrow night. cheryl: good for vegas. >> we've never seen anything like it in our north american pro season. >> will they beat liverpool for the championship in europe? i was watching it. i'm not even clear why. >> here was pretty fun. thank you very much. jerry sports reports on fox news at 920 for seven promiscuous sirius xm channel 115. >> stock index futures as we have been all morning. pointing to losses on wall street. dow jones industrial average to open 185.

nasdaq down 42.5. live report from london straightahead on "fbn:am." ♪ fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.

every child is precious every child deserves to feel loved but so many little ones born with clefts feel nothing but pain and loneliness. operation smile is helping these children the volunteer doctors and nurses provide free surgeries in some of the poorest places in the world i'm so proud to be part of this amazing work join me today and help give new smiles to children learn how at operationsmile.org gerri: well come to italy facing a political crisis after the president rejected an attempt to new government that's skeptical of the euro. could there be a rome exit.

joshua mahoney at ig in london joins us now. is there concern that this thread the stability of the euro? are we going to get a brexit type scenario here? >> good morning, yeah. massive political upheaval down in xd markets in italy. heavily higher. there's a number of fears associated with this. ultimately people don't like the little upheaval. when they wanted to leave spain, the year his son likes the status quo and the italians try to vote for them said to get people into were going against the status quo. we are now seeing pushing back against that. and where does that leave us? what did he get back into the polls in the polls most likely will show more heavily in favor of those populist parties.

setting ourselves up for maybe not necessarily the end of the e.u., but certainly a period where you're likely to see significant upheaval and that is not good for markets as a whole. >> we've got to ask you about oil prices under pressure this morning on this plan by russia and the saudis to increase output. the wti contract we watch here in the states is down more than 1.5%. what is going on? >> look, there's a number of different takes to be number one, potentially raising output of course will be negative for all prices. if you look at the reasoning behind it, the fact that we've seen a drop-off in output from the likes of venezuela. massive of people over there and everything happening in terms of the iran sanctions. until that, they're going to go over and above iran and venezuela. i don't think this is the beginning of a parish.

for oil. >> thank you very much. appreciate it. >> right over to maria bartiromo over to you. maria: good morning, ladies. thank you so much for joining us. i am maria bartiromo. tuesday: may 29:36 a.m. on the east coast. global markets on edge. the dow jones industrial average down 160 points right out of the gate this morning. political uncertainty out of italy weighing on investors by raising the questions about the future of the european union. pointing to a selloff in the nasdaq down half a percent from a 34 points lower. dow industrials and the s&p down two thirds of a percent. citing oil prices. crude oil under pressure amid reports of saudi arabia and russia are looking to increase output levels. oil right now down one and two thirds%. global markets taking a cue from wall street's lowered. after 100 down one and a

quarter%. the dax down 1.5%. it started in europe. the year was fighting against the dollar and that is undermining markets across the world. $1.16 at levels not seen since last november on the dollar and the euro. asia overnight markets mostly lower. take a look at the clothes overnight. the worst performer in hong kong. hang seng index down 1%. hope for the north korean summit after all. back enough new sanctions against north korea while preparations for the meeting are continuing. >> a lot of people are working on it. it is moving along very well. we will see what happens. >> latest developments on the summit between the north koreans in the u.s. coming