ed rollins, good to see you. michael goodwin. 500 days and counting under president trump. o said in the end you are not >> the president feels very confident in his decision and will continue to make sure that the unfair trade actresses that have gone on for decades do not continue in its protecting the interests of american workers and american businesses. train to break in this morning president trump standing by a straight terrace and doing aluminum as mexico and canada puts a new u.s. maple syrup. tracee: do not make it a record high in the dow jumped 170 points yesterday. cheryl: certainly did. as you can see, another higher

open this project could right now. s&p up three, nasdaq up for king. tracee: trade disputes unfold a little bit there appeared the ftse down by 45, cac authority and the dax up by 59. train to looking at stocks in asia pay japan's nikkei up more than a quarter of a percent of the shanghai composite in china of three quarters of a percent. tracee: starbucks executive chairman howard schultz amid speculation he wants to jump into politics. "fbn:am" starts right now. trying to 5:01 a.m. in new york at good morning, everyone. i'm cheryl casone. train three good morning. i'm tracey carrasco and for lauren simonetti.

train to another great start. looks good this tuesday. breaking news this morning to bring to you print the white house announcing president trump will meet with north korean leader kim jong un at 9:00 a.m. singapore time on j12th. that is 9:00 a.m. eastern time on june 12. singapore will remain on the ground until nextk. tracee: this comes after the president received a letter from him, but the white house is not revealing what he wrote. >> i'm not getting into the specifics of the letter, but they are interesting and we feel like things are continuing to move forward a good progress has been made. tracee: singapore declared part of its city center a special event area for the 10th through the 14th. cheryl: now to the trade tensions with china.

a report finds that the steel makers are expanding production overseas to avoid those steep tariffs. they are fighting in countries like malaysia, indonesia is the latest trade talks between the u.s. and china ended with little progress. tracee: edward warren is in washington with more. reporter: good morning, sheryl and tracee. we have a high standoff with china. saying don't impose new terrorist on june 15th for imports of chinese technology and limit chinese ability to invest in american companies where they will not buy more agriculture and energy products. the president simply saying, open-air markets and top stealing u.s. technology. >> president trump taken steps to reform the trade system that currently harms american workers and businesses in the president is taking us to protect u.s. technology intellectual property from china's discriminatory and burdensome trade practices.

we will continue those associations. >> china then put the next round of talks here in washington d.c. around the june 16th. the end of this week the president goes to the g-7 summit, where he is expected to get an earful from world leaders about the tariffs that theidentl world leaders this is not a punishment against our allies, but protection for u.s. companies. >> these terrorists are not aimed at canada or china or russia or any other country. it is simply a way to defend ourselves, our industry so they can build the ships and planes in whatever to defend this nation by the way to defend our allies. >> to reason they will confront president trump at the g-7 about the tariffs in a phone call. theresa may told the president that she is deeply disappointed with deal in the limit tariffs against the european union. she would like the president to reconsider.

back to you. tracee: mexico has decided to impose a tariff on imports in canada's retaliation includes proposed to defend maple syrup >> primary elections are being held in eight states today. alabama, california, iowa, mississippi, new jersey, new mexico and south dakota. the more interesting plates taken place in california and new jersey. democrats are trying to avoid their wounds in the so-called jungle primary effect feature ambitious candidates. all candidates on a single ballot. the top two vote counters for a current list of a party advanced to november. they could split the vote at end for themselves because there's so many in today's primaries. tracee: in new jersey, bob menendez faces a challenge from this website publisher lisa mccormack.

senator menendez's seeking a term in the fall. it ended with a hung jury. fox business will have our special election coverage starting at 8:00 p.m. eastern. train to political panels coming up to talk more about that. well, howard schultz is stepping down as starbucks executive chairman later this month. last year that the ceo job to focus on innovation and impact projects as the announcement fueling speculation that he could run for the white house. the interview with maria bartiromo back in february. >> you always see your responsibility to bring people together. just to clarify, you are not going to run for president? >> i said i'm doing everything it possibly can as a private citizen today is the cause of the country. >> it sounds like you're running

for president. >> i didn't say that. come on, maria. trade to the transformation of the company into a global coffee, food, everything. tracee: many new features at this year's worldwide developer. one problem they are con head-on, smartphone addiction. >> it's become such a habit that we may not realize how distracted we've become. we've thought deeply about this and today we are announcing the comprehensive set of features to help you limit distraction, focused and understand how you're spending your time. tracee: that's a problem that helped create. trying to make it easier for iphone users to track how much time they spend using certain apps. one of the features allows customers to set midsong usage while no major hardware changes were announced. apple focused on user x.

, publigferent features across multiple devices pictures are higher in the premarket. i'm excited for the group face time. train to twitter is making its but on the s&p 500. dow jones announced that the replacements intended for the market opens on may when the company is taken over by the german drugmaker buyer. netflix will replace the s&p 100 pitchers atwitter jumping on .3% on the news of course. twitter is also trading higher at about 3.5%. tracee: president trump tweeting last night about why he canceled plans for super bowl champs philadelphia eagles to visit the house. the president treating the eagles football team was invited to the white house. unfortunately come a small number of players decided to commonly canceled the event.

stayed in the locker room for the plane of her national anthem disrespectful to our country as kneeling. sorry. cheryl: the decision came as multiple eagles players back down at the scheduled event. president trump released a statement that he and the team disagree on standing for the national anthem, adding that the ceremony would not be a celebration of our country without eagles. philadelphia firing back on twitter, writing in private the eagles on and off the field. our players represent the diversity of our nation. disinviting them only proves the president is not a true celebration. cheryl: on trade detained stood for the national anthem for the super bowl, that now they are saying most of them did not want to go to the white house because of the controversy. we will see what happens.

going to be an interesting season. tracee: coming up, robert mueller stand accusations for the trump campaign manager paul inveor optimism despite the threat of a trade war. is there reason for war or not? u.s. stock index futures looking at the board. dow futures up by 44, s&p up at four, na up by 16. you are watching a train seven. ♪ who has the upper hand now? start winning today. book now at lq.com. we always came through for our customers. from day one, it's how we earned your trust.

until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branchkers we can focus on yousatisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. just another day on the farm. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed.

tracee: welcome back. let's get you caught up on what's happening now. take a look at the board. dow futures up by 43. s&p 500 up by four, nasdaq up at 16. investors shrugging off any of those trade concerns. now, special counsel robert mueller's office has accused trump campaign chairman paul manafort are trying to tamper with potential witnesses. in a court filing from the team announcing them to revoke the bond of house his work for their financial crimes. the "financial "financial timesn favor the colorado baker who

refuse to decorate a wedding cake for a same-sex couple. in a seven to two vote, siding with phillips because his review was based on religious beliefs and conviction. the cord up short of deciding on the broader issue of whether a business can refuse to serve and people. former president george h.w. bush has been discharged from the hospital. the 93 world admitted to the hospital last week for low blood pressure. a spokesman for bush 41 cents ideas, quote, deeply appreciative for the many good wishes he received in that is what is happening now. cheryl: glad he's feeling better certainly. global tensions continue to mar. the nasdaq hit a record close.

7606. why are investors so optimistic? capitalist pig jonathan hoenig. we have talked so much about growing trade war. look at the markets. ready make of it? >> leading the way a lot of the stocks which are least likely to be good by the trade war were particularly small-cap stocks and 100 big-cap text. the all-new hide. they are least likely to be a fact did. the great depression good diet

because maybe that is something is not its effect is. will not be at the site as companies hit by the global economy. a mining company commits to a company, et cetera. >> or agriculture. the stock market was up yesterday with major miss an agricultural market that are sharply unmoved by potential orists. you are seeing a real-time reaction in the stock market. the best fats are those who won't be affected by pot terrorists. this story certainly is an open yet and continues to escalate now before a terrifying maple syrup. cheryl: also know that we are talking about what is happening between china and the united

states, trade track were nothing but settled unfortunately. there is a group toward a few moments ago that the chinese have been flooding the factories in other countries disagree flooding the global market that is already over capacity and that is a real threat to the economy. this is what the chinese seem to be doing with no regard for what the con that can be. >> the consequences for us have been tremendously cheap steel. especially at a time when we see inflation. that is one of the major issues. cheryl: not u.s. steel makers. and of course those companies have been struggling for quite some time. just to discount the president's focus on trade deficit. the president wants to lessen the trade deficit. the last time that ilisten

to designate because we had so many imported goods. when the president treats come in to more investors will be hitting the sell button when it comes to sto cheryl: you either know. potential terrorists on maple syrup. that alone is cause for concern right there. pancakes, what are we going to do without that? it isn't maple syrup jonathan, thank you very much. appreciate your time this morning. tracee: a giant asteroid as it heads to earth. we will tell you what happened. severe storms moving across the country. senior meteorologist janice dean with the forecasted checking u.s. index futures carrying some of that momentum with dow futures up by 41, s&p 500 up by

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tracee: check out this incredible video captured on a farm in south africa. it may look like a scene from armageddon, but luckily no damage was done by this older sized asteroid heading for earth at 10 miles per second. scientists say the asteroid turned up upon entering earth's atmosphere, causing a brilliant flash of light in several explosions as the rock disintegrated. this is only the third time scientists have witnessed the

asteroid on a direct collision course with earth. cheryl: luckily it didn't hit a structure or new york city like it normally does in the movies. unfortunately, severe storms are moving across the country today. >> fox senior meteorologist janice dean has the forecast. >> let's take a look at it. threat for stronger storms this afternoon. 59 in new york city. that's why we had the cooler than average temperatures. we'll bump up temperatures later on this week. the past 24 hours was a simmering across the great lakes looking at potential of the strong and severe storms across portions of the plane, portions of iraqis as well. we are not talking about a tornado outbreak, but we could see isolated amounts of hail and maybe damaging winds. a little bit more of a thread as you head towards the northern plains today and they'll happen later later on with daytime.

very warm across the south in the warmth is going to extend northward across portions of the upper midwest and parts of the plane dates. you can see tuesday well above 100 degrees through oklahoma and getting into the 90s as they go up towards the midwest. one other thing i want to make a mention. nothing happening in the atlantic but the pacific season is darting to percolate. 90% chance of formation over the next five days at the good is moving away from land. back to you. happy tuesday. cheryl: thank you, janice. voters are going to the polls for primaries in eight states today. the stakes are pretty high. is it going to be a blue wave? >> it doesn't look like a blue wave. train to our political panel will weigh in with what to expect today. more problems for obama karas new york and washington proposed

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>> the issue is the jungle primary in california. what sounded like a great idea is go getters move forward has turned into all sorts of gamesmanship. cheryl: welcome to the jungle. voters go into the polls and the dates including california, with some quirky voting rolls that can work against the democrats. transfer market investors seem to be shrugging off trade disputes.

nasdaq with a record high in the dow jones 170 points yesterday. cheryl: u.s. stock market futures today. another higher open and we see futures start to pick up steam in the right direction. the dow fell 53 commands to be up five, nasdaq up 22. cautious trading woken up the numbers they are the numbers bear print the ftse down by 27. cac 26. dx 102. cheryl: stocks are all moving higher. japan's nikkei up a quarter of a percent. shanghai composite china of three quarters of a percent. >> apple moves towards becoming the first trillion dollars company and the stock market. what is next for apple in the tech sector. "fbn:am" continues right now. cheryl: and it's almost 5:30 a.m. in new york.

tuesday, june 5th. i'm cheryl casone. >> and tracey carrasco and for lauren simonetti. cheryl: i'moping the next big thing will be the apple cart. tracee: imagine not win. in hours, millions of voters will head to the polls in eight states. big ras watch. california, new mexico and south dakota. congress is up for grabs in montana, iowa and new jersey, alabama and mississippi also holding primaries today. true into the state everybody is watching today, california for its so-called jungle primary. generally viewed as democratic territory, but the format could work against the party's candidate in some places. peter doocy explains. >> democrats think a blue wave is building said the party wants to hang 10 tomorrow trying to get top candidate on ballots in districts without a wipeout.

all democrats have to do to get on the ballot in the jungle primary system is finished first or second. in some places so many democrats are running support is split and they may be left off november's rally. >> the issue is the jungle primary in california. what sounded like a great idea to move forward has turned into all sorts of gamesmanship. >> of finishing third, there may not be any democratic challenger for republican congressman dana rohrabacher. a republican could be the runner-up was something that would have minority leader nancy pelosi panicking. >> the more she takes off the table for more she has to run the campaignerfectly and that's not have been especially when it doesn't look like a blue wave. this turned into blucher cuyler boudreau. >> democrats upended challenge mimi walters making primary about her vote for the tax reform bill.

>> never raise taxes. one the things she's done is voted to raise taxes on all her constituents. >> disputed any liability for tax vote. >> people are feeling good about the direction of our country and they are happy. >> democrats are trying to take advantage of a climate that was so unfavorable to republicans want to come but congressman darrell i. said retired. >> we care about clean air, clean water, clean beach. do i set a member of congress for 17 years beard you haven't solved the problem. >> they believed they could keep this seat with high taxes and sanctuary state policies. >> they are not going to take california. there's no way way. right, guys? [cheers and applause] trivia fun of democrats trying to avoid being rocked out is abouto start doorknocking for last-minute support of the democratic campaign committee

watches to see if there's $1.8 million investment in the district was worth a spot on the ballot. newport beach, california, peter doocy, fox news. >> for more on this in the jungle, a democratic state senate minority leader for pre-cafaro. morning. gop pollster and strategist justin walling. we are going to get to the jungle. today's primaries in california, republicans need california but democrats need california when it comes to the house of representatives in general. 40 republican house seats defended right now. only 19ocratic seats are being defended on a national basis right now. how high are the stakes? >> the stakes are certainly high. i think a really provided a really good overview of the challenges that are going to have been. i think because the democratic

campaign committee looks to places like california with a number of retirements like sterilize the, like ed royce that are opening up opportunities that weren't necessarily their previously in addition to taking a look at congressional districts where hillary clinton beat donald trump maybe even by a few percentage points. they are really trying to get every opportunity possible to have a seat at the table to play to get the seeds in november to try to take back the house. but because of the primary, the top two vote getters because there's so much that fighting and infighting happening within the multicandidate primaries on the democratic side, we may kill ourselves in the process to try and get there. cheryl: it is not funny, but it kind of days. peter doocy talked about the 45th district in his story just now. incumbent mimi walters as the

first election in 20 ford team. this is where it seems to be a free-for-all. four democrats have all raised about 500 grand. there's so many different candidates here. this is a prime example of how democrats could shoot the gulf. >> absolutely. one of those interesting seats that looks good on paper for democrats because again hillary won a number of seats in orange county. the reality is that particular seat more so than many seats in orange county is not really in play as much as others. not the least of which because you have a zillion different candidates on the ballot in the jungle primary and a number of different democratic candidates who can split the ticket. because they are well-funded, they are beating each other out. cheryl: to his pointer seven gop held districts that are quote, competitive today.

four of those are i onge county and i'm glad you brought that up. if you look at orange county, that has always been a republican stronghold in southern california. conservatives. that seems to be in play. at least some of those seats are. >> this is a challenge democrats have because they want to be strate we cannot be overly ambitious. some of the seats are going to be more competitive. you want to try to play in those seats because you want all opportunities. but we also cannot spread ourselves so thin where we are trying to be competitive in so many different places that essentially we had that been competitive in no place. particularly in open seas. with more unique circumstances like duncan hunter, for example, is an under investigation for some more unique specific circumstances that make some of these people little more track of for democrats.

but when you have these primaries where people are throwing everything but the kitchen sink out against one another, if you end up with two republicans, you'll take the seats out of play about the problem. cheryl: was good to talk about what's going on in new jersey for a couple seconds. especially the story of bob menendez under fire from a legal troubles you will. the whole lungs dori. this is a spot where potentially donald trump could actually clock a win because menendez is in new jersey now. >> generally and raises issues are what matter. the actual things that are dinner table conversation that are meaningful to everyday lives. in menendez case, menendez matters. allegations against menendez albeit not proving, those are real. not only that, they are being logged out by the democratic

opponent. i think that is a top-secret democrats, although traditionally it's a blue state. we'll see how that pans out. cheryl: wrote quick, capri, lisa mccormack is a publisher in his own primary and that is actually being considered competitive because of menendez legal trouble. either one of those is going to have to face robert kagan -- barbara cue canned, excuse me. this is a businessman. again -- >> we've seen businessmen be successful in new jersey previously in the context of democratic with corzine for example. it's an interesting place. it ise, but sometimes the low crossovelks like chris christie. this is really about of menendez because of the special circumstances that have her visit here everything whether it's new jersey or california it's about turnout and who shows

up in more importantly who doesn't show up to the pole which will impact the outcome. cheryl: capri, just didn't come i can't wait to find out what happens. the s&p ballot standing by for a long time on this. capri, just in the coming thank you, we appreciate it. tracee: coming up, the lava flow in hawaii destroying everything in its path as it heads to the ocean. we will have a update. tech stocks in the nasdaq to a record high. we will look at what is next for attack. u.s. stock index futures right now take a look at the board. up by 60. s&p 500 by 5.5, nasdaq up by 23.5. you are watching it "fbn:am." ♪

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cheryl: welcome back. let's get you caught up on what's happening now. u.s. stock market futures despite trade worries thatig day yesterday to the upside. today is looking at the same day this dollar 51 in the premarket. as to be a five, nasdaq up 22.5. search and rescue efforts continue in guatemala is the death toll is up to 69 people

following a volcanic eruption that began on sunday. the number is expected to rise as the bodies are still being pulled underneath layers of ash and debris. according to the guatemalan government are more than three dozen people have been evacuated thus far. meanwhile, flowing lava from kilauea's volcano has destroyed 117 homes on hawaii's big island. residents of the rural community you are stranded and cut off because of the fast-moving mambo. 20 to 40 homes have been deuced good in that community. new york and washington state proposing double-digit rate hikes for obamacare coverage for 2019. in the year, regulators us to improve a 24% hike on average washington 18%. they are and the potential increase on congress repealing the individual mandate. that is what is happening now. tracey, overdue.

>> technology companies driving the nasdaq to an all-time high. back in charge of the market. senior analyst joining us now. good morning. >> good morning. tracee: this is a dramatic turnaround after tech stocks stumbled in the spring after concerns about regulation. facebook spot up with the data sharing. what is the greatest rally belts on. >> this is one of the most underappreciated bally's ethics to in my lifetime. most of the magic and if you're agreed i follow and i don't think there's upside the head. what is happening with tech stocks is you have to think about structural issues in the market. i've doesn't index funds and etf. only 3500 stocks. most of these funds are just partially weighted tech stocks. when money flows into the market, this flow disproportionately to the mega stocks as he will.

tracee: i want to get to apple because shares yesterday had an all-time high. what you think is pushing apple to 1 trillion. >> it's also time to w to trillion dollars apple had. this is right around the corner. apple earnings for solid, even the iphone sales force low. most importantly they've committed to returning $100 billion worth of capital back to shareholders. visiting people like to play that apple has more on their books that anything that has any cash, sovereign nation. it is one of the reasons the stock keeps moving higher. >> let's talk about amazon and microsoft to a double digit percentages this year. what is behind that move? >> service businesses on fire and advertising is better. pricing power and amazon prime. the race route $89 to $119. i don't know anybody who wears.

tons of pricing power there. as your cld grew 93% last quarter, and other big business growing with the strong cloud business. that's improving as well. >> i agree with you. no one is canceling amazon prime. but he think about future gains? what does this mean? >> the backdrop is vy favorable. but tenure is below 3%. the economy is trucking along with 2% unemployment, 3.8%. a very favorable backdrop for stocks right now. there's still no alternative to the stock market and i see that continuing for a month and particularly years ahead. cheryl: thank you for joining us this morning. >> thanks for having me. cheryl: a lot of great points made. the washingtonapitals make

history with their win over the vegas golden knights. jared max has more on that. president trump's decision to cancel a white house meeting with the super bowl champion, philadelphia eagles. but can i futures right now. the dow, nasdaq and s&p higher in the premarket. trade worries? what trade worries. you are watching "fbn:am." ♪ find the remote yet? nah. honey look, your old portable cd player. my high school rethainer. oh don't... it's early 90s sitcom star dave coulier... cut...it...out! [laughing] what year is it? as long as stuff gets lost in the couch,

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cheryl: this afternoon, delaware becomes the first state to allow single-game sports betting

outside. the three casinos will take various professional sports. new jersey is another state not too far behind. the epicenter sports gambling. delivers lunch weeks just after e supreme court's drop-down in 1992 federal law. this is just in time of course for the end of the nba stanley cup finals. tracee: speaking of the stanley cup finals, capitals are closer to their first-ever title. cheryl: jared maxes here are the highlights from game four. >> when one team opened the stanley cup for the first time. vegas is minus 115. this is where we're going to be going with the gambling stuff. golden knights are going to be winning three to four the capitals when once. stanley cup final last night in d.c. they jumped out of the gate going for the triple crown.

opened the scoring midway through the first. capitals beat the golden knights 62. cats wilgo for the first-e stanley cup title thursday in las vegas. philadelphia eagles will not be making a previously scheduled visit to the white house today to celebrate their first super bowl title. president trump canceled the event yesterday because that's the sad late last night, only a small number of players decided to come. reportedly, the majority of the african american players not going to attend. malcolm jenkins and chris long had been the most present players in the protest of the national lampoon. the team released a statement last night they said it's been incredibly thrilling to celebrate our first super bowl championship. we're grateful for the report we received and look forward to continuing preparations for the 2018th season. the nfl community overwhelmed with sadness as he learned of the passing of icon dwight

clark, the man who made the catch to end the title game, get the niners in the super bowl. ark was only 61 losing his battle with als. hall of famer joe montana said he was saved right charismatic soul. while we knew was inevitably come in extremely too soon. we are grateful for the decades of love and friendship we shared march 2017 when he revealed he had als. if you could send a baseball contract for nearly $5 million logic you are doomed to be a quarterback in the nfl? tyler murray is a richer sophomore to be the starting quarterback this season. last night in the baseball draft two is taken by the oakland a's. the folks at seven plus million dollars bid would you do? >> options are good.

those are on fox news headlines 24/7. his report sirius xm channel 115. investors optimistic the trade war will be averted. we will be right back. ♪ we earned your trust. until... we lost it. today, we're renewing our commitment to you. 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.

cheryl: investors appear to be sharp enough providing trade war. pieter dixon, co banwe think ine mess deck? the markets are jewish art and all of the news off. >> well, and the moment it's not a war at all. some people look at her quite badly. fighter population being affected by this. at the moment it's more of a cold war that an outright lawyer. not a lot of cause for concern. >> raised in a forecast for oil prices at $80 a barrel. is that a threat to the economy? >> if you look where it's come

from, it's tripled. the economies and a robust state in most parts of the world. i don't oil within ongoing grand a. a much more rapid pace and a little bit more concerned. >> calling the trade war. my favorite. thank you very much. that was great. tracee: thank you for watching "fbn:am." turn it over to dagen mcdowell on "mornings with maria." >> good morning. i will see you both. good morning to everybody. i'm in for maria bartiromo. it's tuesday june 5th.

top stories at 6:00 a.m. investors showing signs about to miss them. futures pointing to a higher open. this after gai the board yesterday. all three major -- all for a major market gauges moving higher. both closing that new all-time highs. check in the global market action in europe right now. half of 1% loss in france and germany. markets moving up across the board. the biggest winner be in shanghai composite. howard joked in leaving starbucks, the company he founded. many now asking about his political ambition, something asked in february.

focusing on big broad issues, but as you look at what the country may or may not need, it sounds more and more like you are running for something. are you going to run for president in 2020? >> 's response with trade tensions with terrorists. now some lawmakers trying to block those actions. countdown to the north korea summit. the highly anticipated gathering and now singapore unveiling a coin commemorating the meeting. philadelphia eagles sideline. the trump administration disinvited the super bowl champions to the white house over and the protest and who wasn't going to show to the gathering of washington. making an analogy that looks just like you. this comes as the company raises a $1 trillion market