they needed to figure out a way to get control of illegal immigration. and not create incentives for people to come into our country >> we are gratified with the court decision to categorically reject the government's bid to block this historic merger. train to breaking this morning. a blockbuster deal that will no doubt transform the media industry gets a greenlight. a judge has approved at&t's deal to buy time warner. kristina: the announcement came after the announcement close yesterday media stocks were all sorry. the dow is actually down one point by one point by point than investors awaiting and expect that interest rate the federal reserves. train to the outcome will how today shapes a good a slightly positive open.

take the top 17 points in the premarket, nasdaq up 12 and three quarters. kristina: let's head to europe for stocks open mixed ahead. the european central bank and bank of japan meeting later on friday. train two stops on in china after telecom giant zte reopen for trading following the one point for billion-dollar settlement. investors thinking that's not a good deal for zte. both down about 1%. elon musk announces plans to flagship workfor "fbn:am" starts right now. cheryl: 5:01 a.m. in new york in wednesday, june 13th.

sure in three im transfer smiling because it's wednesday. it already feels like it's friday. we written yesterday morning at 1:00 a.m. eastern time on their. lots going on this week. trading two more coming out to the president during our hour. landing in washington. he's been on the plane double time. it could transform the entire media industry. a federal judge ruling at&t could acquire time warner for $85 billion. kristina: we are going to get more from our edward lorenz. cheryl: sherilyn christina, the judge's decision did not meet their burden of proof which was 170 pages long. it's very detailed on exactly what the government case did not

hold out. the big reason he said was the main economist they hung their case on you speculative figures and contradicted other evidence introduced that the judge reprimanded the government telling them how to appeal the ruling. this section of the decision is deal would not win. prosecutor should have good judgment and wisdom. he said seeking an appeal would be unjust. >> it's unfair to the defendants come into the hundreds of thousands of eloyees of companies whose lives have been hanging in the balance into all the shareholders and other constituencies that these two great companies and complete the transaction and move on. >> we are disappointed with the court's decision and continue to believe the pay-tv market will be less competitive and less innovative as a result of the proposed merger between at&t and time warner.

they have a decision to make if it wants to defy the judge in the appeal. back to you. kristina: shares of at&t fell after hours or time warner is up more than 4%. twenty-first century thought is the focus between comcast and walt disney jumped ty-first century fox and is also the parent of fox business network. cheryl: president trump warning justin trudeau made a mistake that will cost this country a lot of money. >> i have a good relationship with justin trudeau other than he had a news conference because he assumed i was in an airplane and i wasn't watching. he learned it will cost a lot of money for the people of canada. you can't do that. train to the president has 20 televisions it turns out on air force one. the g7 summit over the weekend.

white house trade at rice or peter navarro after he said there was a quote from a special place in for any foreign lr that engages in bad state diplomac >> i use language that was inappropriate, basically lost the power of the message. i owned back. that was my mistake, my words. if i may quote the words of the great bear bryant come when you make a mistake you should admit it, learn from it. >> after their simplest tears from canada and e.u. candidate impose retaliatory tariffs including orange juice and whiskey. some think a good drink. cheryl: it does. an expensive drink. south carolina's incumbent republican congressman mark sanford losing his seat in the

primary after he treated mark sanford has been very unhelpful to me in my campaign to make america great. he is mia and better off in argentina. she is tough on crime and will continue to fight to lower taxes. sanford may be best remembered for extramarital affair. state representative kitty arlington won yesterday's primary. meanwhile, trent supporter corey stuart won the gop. maine, nevada and north dakota also held their primary yesterday. kristina: the federal reserve is widely due to hike interest rates for a second time this year after its two-day meeting wraps up today. investors watch in a statement for clues on how m increases to expect in 2018 and whether inflationary pressures

are building too quickly. jay powell also looking at possibly holding a news conference every policy meeting cause the market has grown to expect rate hikes from the chairman speaks to reporters. fox business with the complete coverage starting at 2:00 p.m. ti tay. >> that's goingo be a big one. big business is breathing a sigh of relief in seattle as the state has repealed a new controversial tax law. the city anyway. >> tracee carrasco joins us with more on that another headlines. >> good morning. the controversial tax as it was being called once repealed yesterday just a month after the city c it animously. it was called in response to pressure from a business back referendum campaign called no tax on jobs which was scheduled to take effect next january would've collect that some $275 a year for full-time emplo at

the highest grossing businesses in seattle like amazon and starbucks. cheryl: the city council made the decision, so theyically realized the error of their ways and that it would be a political nightmare for them. let's talk test was not great news. the company making another big decision. >> not a lot of big news, but tesla said it will cut as many as 3400 jobs in an effort to save money and get back on track with production goals. elon musk treated an internal mental confirming cuts will be almost entirely salary to employees, but not production line workers. he said that he had to put it out there because the media got ahold of that complain about that. >> news for drivers listening to. two popular suvs filled their crash test.

>> the ford explorer new jeep grand cherokee had the worst result in the latest crash test from the insurance institute for highway safety specifically on tests that focus on passeng side impacts. they've improve safety for drivers but not for front seat passengers. they were really focusing on that. cheryl: especially pelosi out chrysler jeep talking about it going to end jeep being the last standing piece. a lot of headlines later on. coming up, we'll talk more about the blockbuster merger of at&t and time warner with the green light from the judge in it will transform american media landscape. what is that going to look like? house speaker palmer and setting up the sun administration. this all happened overnight. what are the chances it will actually pass?

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cheryl: let's get you caught up on what's a positive beginning to wednesday. dow 22, s.b. three and a quarter, nasa got 13. the fed can change all of that when they release their decision. a daca code instead. house speaker paul ran announced same the two immigration bills next week. an attempted discharge position fielders to signature sherpa allowed the house to put a vote on the floor without ryan's approval. all claims of deputy attorney general rod rosenstein over records in the russia probe. fox news reported e-mails made the thread during a tense meeting earlier this year. they are expected to file a use resolution today compelling the doj to turn over the documents they've been requesting for months. meanwhile, former fbi deputy

andrew mccis suing the justice department. not provided the documents related to its filing. the agency repeatedly refused to identify the rules and policies followed when firing him one day short 20 year he would need to be eligible for an immediate tension. that is what is happening now. kristina: our top story today is at&t winning approval for takeover of time warner. the $80 billion deal expecd to reshape the media and entertainment industry. but will it be a consumer's expense? attorney misty merits as well as sasha taken. thank you for joining us. given the results, i'll start with you sasha, do you think content and distribution need to combat the likes of netflix and amazon? >> i don't think so necessarily. but i'm concerned about here is we are seeing the giant media monsters out there in the answer

is to build more giant media monsters as opposed to supporting our creating a marketplace that is really fertile for small upstarts are disruptive players to come in and be able to disrupt and grow. we are creating a marketplace dominated by a small group of extremely powerful consolidated companies and really concerned about what that means for innovation. >> are you worried we are dominated by a few big players? >> that's what the antitrust laws are for. although this will open the floodgates from a legal good and say look how many of the greenlight to go in there and view these vertical mergers. the one thing we have to remember is each is going to be about that on a case-by-case basis. it is fact specific. i was actually identified in the court's decision. hey, don't look at this court

decision. it really means that each will be lucked out factually. so there will still be the checks and balances on antitrust cases despite the court's decision. kristina: sasha, you heard misty. she's a little more optimisti than what will be the next major vertical merger or the future of the media landscape? >> well, we hear about mergers happy to see him different industries. i've been hearing about cbs express scripts. you've been hearing about what is going on with comcast not trying to buy fox for disney was trying to buy fox. there is going to be a big, big push towards various forms of media in this edition consolidation. i am concerned about what this means not for netflix and amazon but for smaller services like a

small streaming service that may find its access to channels being cut off simply because it doesn't have the cash to make big deals like these that players do. >> cosmic quest unfortunate luck to end it there. thank you for joining us today. cheryl: a lot to talk about. kristina: of recovery that's very throughout the day. here we go. it's a raccoon on a building. is that i need to say about the video? this is a raccoon climb in a skyscraper. strong storms moving across appalachia into the northeast. fox senior meteorologist janice dean has the forecast for you. but do not stock market futures, range. kind of holding that s&p up two and three quarters.

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cheryl: if you've been on twitter in the last 24 hours come you might've noticed top trending topic is #pr raccoon. that is because this gutsy raccoon became a internet sensation yesterday. the world literally stopped to watch this little guy. you manage to make it 23 stories before you pause to take a nap on the window ledge. there he is on a ledge taking a nap. needless to say ttter exploded with concern for the raccoon.

many users traded or users traded their suggestions of how to rescue him or her. i don't know if you he's now made it down to floor without harm. the saga has continued. the lifestream has gone ballistic over the internet. kristina: was a merry cha on an ostrich or something? i remember even watching this in canada. everyone was live streaming the camera. kristina: let's head to the weather. before you had at the door, the pitcher wednesday forecast that fox senior meteorologist janice poer: good morning, ladies. i've seen lla in bowls and all sorts of zoo animals who tried to chase on television. 65 in new york, new york, 69 in buffalo, seven in chicago. cooler temperatures across the northern plains and rockies. looking at potential for

scattered storms across the interior northeast today. severe threat through tonight. interior northeast, but we could see some scattered turns along the coast here it large hail damage but certainly know what to do. we do think making landfall across baja california will begin and potentially bring a little bit of relief in terms as may be dealing with extreme heat here across all of these areas. extreme heat warnings for dealing with temperatures well above 100 degrees. christina, cheryl, back to you. >> saga continue. >> thank you. coming up in historic summit for president trump. democrats can't help raining on the parade. >>ith theack of details, we

are worried that kimongetting s. >> we will go live to singapore with the follow-up. about a father's day gift. let's call it ted g. we will explain. i was just overwhelmed by the chief had. stock index futures looking at on the green right now. dow jones had 17 points. and the nasdaq 1125 points. you are watching "fbn:am." these (♪) i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage,

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♪imagine all the people ♪sharing all the world...you, ♪you may say i'm a dreamer ♪but i'm not the only one ♪i hope some day you'll jos♪ ♪and the world will live as one♪ >> yeah, i'm watching it too. i see them every day. >> the curtains, they're always drawn in this place. >> i know. >> that guy, it seems like he's in charge of them. i don't know, i don't feel very good about this.

>> we have to report this. >> yes, absolutely. >> chairman kim and i signed a joint statement on which he reaffirms his unwavering commitment to complete demutualization of the korean

peninsula. trying to break in morning, secretary of state mike pompeo visiting south korea and japan. a day after historic summit between president trump and north korean leader kim jong un. a live report from singapore coming out. >> media s soari after judge approved an at&t deal to buy time warner. i headed back to the dow was down 1.5 as investors expected an interest rate hike for the federal reserve. the latest at 2:00 p.m. eastern. cheryl: taking a look at your market. that cannot change at 2:00 p.m. today. the dow was up by 10, s&p up by one and three quarters, nasdaq up by nine and a quarter. >> stocks ahead of the fed news as well as policymaking. the european central bank and the bank of japan have meetings later this week. >> scks slumped in china after shares plunged with a $1.4 billion settlement with the u.s. government are they just

tarted trading today. the hang seng in hong kong both down about 1%. >> cofounder marciano stepping down after internal investigations and sements totaling $500,000. full details just ahead. "fbn:am" continues right now. and it's almost 5:30 a.m. here in new york. when they come at june 13. good morning, everybody. i'm cheryl casone. kristina: good morning. i'm kristina partsinevelos president trump pledging to end the war game on the korean penia as part of the deal for complete demutualization. what is the next step in this historic deal? cheryl: deirdre bolton is live from singapore on what we can expect next. good afternoon to you.

>> thank you very much, cheryl and stina. secretary of state mike pompeo spending a lot of time in asia. at the end of the president's q&a yesterday that was after he briefed the media, took questions from reporters for about an hour. at the very, very and he said mike, now get to work. it's meant to be a joke, but not so much a joke. secretary pompeo lets singapore little bit earlier than the president. he went to seoul, south korea and then is going on to beijing. he is reviewing what you just mentioned, christina, the idea of the war game continuing or not continuing. a lot of confusion on that point. what i will say is one of the advisors to the south korean president wrote an op-ed piece in the "washington post." i'm going to be part of it. the singapore deal does not affect the status of the

alliance in the p american forces until north korea completes demutualization. as far as south koreans are concerned, unless north kor or until north korea d. nuclear rises in a way that is verifiable. they do not anticipate trade troops coming out. 28,000 stationed in south korea other than japan and germany. those are our three big presences of military overseas. many steps to come. president trump and the rest of administration will take years versus mths. not to you. cheryl: thank you very much. out of washington right now you are looking at air force one. right now landing at joint pay sanders. after that historic summit in singapore. >> he's been away from the white house in late last week when he traveled to canada for the g7

admit. ahead of tuesday's highly anticipated meeting. president trump will take a motorcade to the white house shortly to the usual air force one because of bad weather today. >> of the president makes any comments, we'll bring those to you live. monitoring live pictures out of washington. let's talk about all the news the president has made on that trip to singapore. he has been tweeting on air force one, take a look at this period a year ago, the pundits and talking heads, people that couldn't do the job were begging for conciliation and peace. now that we need and have a great relationship with kim jong un, hitters are shouting out you shouldn't meet, do not meet. good morning, john. >> good morning, cheryl. cheryl: it's interesting because they are treating quite a lot. i want you to listen to what

senator richard lugar ball has to say in his reaction to the summit. >> there is aong roadwe can say there's an agreement so r. but we have -- [inaudible] >> he's saying from the democratic side that it lacking in detail. would you say? >> this is only the beginning of a process. with the media and democrats don't understand your and i don't know if it's willful or not. they are actually carefully calibrated for north korean audience. president trump can't have a deal if kim jong un can survive politically being able to implement it. north korea sent three generations of investment in nuclear weapons.

something people are implicated with on a daily basis. for him to take a policy shift like this that is this fundamental been spending far more fundamental than people realize coming is to give kim jong un some political cov at home in pyongyang. >> tha what state media has been doing broadcasting north korean characterizing it as the president made concessions. the military will stop. state media also telling the north koreans population that president trump that president trump agree to less economic sanctions. does that jeopardized the goodwill that the two leaders just embarked on in singapore? >> no, what is going on in north korea is necessary. it's a necessary precursor for the deal to come off. he has to prepare his people in the north koreans are listed because i want to be overthrown or have unrest for this type of policy shift in such a way that

he still looks good and is in charge. it's necessary and i would wager that during the run-up to the meetings, the negotiations never had any links. it's kind oferesting though is the contents of the letter ever disclosed good a lot of news curators of things i have to say and coordinating these communications both with each other and inside of north korea. eryl: i went to let our viewers on screen to the right right now with live pictures from joint pay sanders. president trump has just landed. you will be taken a motorcade back to the white house and if the president says anything will listen in. one of the things he did to eat well on the plane coming back was there was no limit to what they can achieve when they brace commerce and engagement with the world. he says that chairman came basically is an opportunity to change things for his country.

that is what the president said aboard air force one. >> well, they hidden message behind the scenes is that north korea is up against the wall it economically. the new regime has been devastating to the foreign currency reserve. the south korean intelligence community estimated in march north korea only had to put $5 billion of foreign currency left and they are going through at about $200 million a month from which means by faldo right now. cheryl: john jordan, republican strategist for us. we appreciate it. kristina: top executive is stepping down. cheryl: tracee carrasco and other headlines making news. live pictures of air force one. what enough this morning? >> cofounder paul marciano resigned as executive chairman amid a sexual harassment of this

occasion involving models and photographers. kate upton was one big and they went public with allegations against marciano. allegedly kissed and her. cheryl: more of the need to movement to grab onto. the liquidation sale almost over. >> new liquidation mark done according to a facebook posts, discounts an average from 50% to 70% of with limited exclusions. rice is on most items are finally beating competitors like amazon, wal-mart, target. kristina: i've got asked about the father's day gift, the cheesy one. >> if you're still looking for the perfect father's day gift, this could be for you. craft is giving the top bidders on ebay 105 made from a 40-pound block of craft

chattered sharp cheese. the top five highest bidders will provide a photo of their dad in the sculpture will arrive just in time for fathers day, which is sunday. this is completely edible, but but -- >> again, disturbed, disturbed. we want to show you right now live pictures. the door is now open to air force one. we are going to have president trump have been out in just a few moments. he is just landed and will take a motorcade. busy trip in many are saying this was a winning trip if you will for president trump. the first sitting u.s. president to meet with north korean leader. there was a lot of pressure on the president. it's coming across as these really made a huge step forward for the relationship. kristina: there's still a lot to be said about the next step

because there's nothing outlined in that document were a lot of the concerns are raised about how you're going to verify these nuclear sites in north korea. areng to be nuclear is what will happenact that there's been complete in stories about wargames removi presidents in south korea. these are all questions we still have yet to answer. but it is a big moment. the dictator of north korea. cheryl: also interesting that the secretary of state is doing. mike pompeius six weeks into the job has pulled off an incredible feat. he's actually stayed in asia on his way, probably landed by now in south korea, meeting with officials good one that took the south koreans by surprise was during a news conference that president trump yesterday, we watch it "fbn:am" wi early coverage and they would have the south koreans and americans polled every year. the president said those are very expensive.

honestly, covering trump as long as i have now for several years, seems that we will look at that. it's being portrayed that it will end because of the cost. i don't know if we can quite say they get. >> this is a surprise to south korea as well. a lot of surprises on this trip we did talk about yesterday. even the fact the president trump brought up he will make something up. there's the president. cheryl: white house officials have already confirmed that general mattis is behind that plan to actually stop if indeed that happens. we will see how the secretary of state means go with south koreans. the other thing interesting what kim jong un got back to north korea. the state media north korea has painted this in a different light, that basically it was a

win, but all those rockets, all those launches, that was a win for the rth koreans. john jordan was with us saying he has to portray that story to the people of north korea. all they've known as we will celebrate every rocket launch, every ballistic missile test. we will celebrate nuclear station. now it's got to go back home and say we are changing the strategy. >> it legitimizes the north korean state. the fact you have the president of the united states on the red carpet at the been shaking for 12 to 13 seconds finish area ribs, having ice cream. this is a big deal in north korea would say it's a huge win for them. cheryl: a lot of criticism here at home. we heard from senator richard blumenthal and he spoke yesterday that the is a long road before we can say there is progress and agreement so far is lacking.

've heard that so far. we have a vague unspecific framework. and you have diane find time saying the same thing. at least going to be nuclear is we make sure all the i.'s are dotted and the t.'s are crossed because there's ways to hide as we all know. krisna: not a very good track record. cheryl: we going to with this picture and wait for president trump to emerge for air force one could a long flight home for the president. kristina: wall street and main street watching the federal reserve. excted to raise ror the second time this year. though will chairman jay powell signaling faster pace of rate hikes in the coming month. join usow, cofounder of fbn contributor john thomas, chief investment officer at global wealth management. good morning. thank you for joining us. i know the market right now has priced them essentially a rate hike for this afternoon at 2:00 p.m. what about that.plot, which

pretty much projects future interest rate hikes in the future. that said doesn't want to type up this, but it's what the market cares about. >> well, and the r going higher than ear rates in tenure based, which are around 3% now. there's a very limited room here of how much higher they can go. they also can't go higher than other countries was still substantially lower interest rates about the flood of money coming in, which could potentially hurt the economy. there's a limit here what th're going to do based on the other improving but are nowhere near high inflation growth expectations like we had either. krthank jonathan. i just want to switch it over now. can you explain why the language is so important in these meetings. we often parse over the systemic back into the federal reserve median language. can you talk about why that is

so important for viewers? >> what matters is how aggressively the go in the future and they don't want to tell you exactly what they're doing. they are watching things unfolding right now. for example, trade war, tar cou. they do not want 3% raise going into that on top of rising prices. that can cause a recession. they are very other of causing recessions by raising rates to hike. when they start to forecast the re, they keep you going without giving you too much basically. cheryl: on older viewers know that donald trump the prent is walking down this tears. here comes president trump getting into of course his motorcade because the weather. he's going to have to take that motorcade to the white house versus taking marine one. i want to show our viewers right now the last pictures we are taking. a long trip out from singapore and obviously waving at the camera's. wonder if he's going to say

anything. doesn't look like it. do we have audio, guys? guess we don't. he said something briefly in their egos. >> john, i've got to get to you. tell me about the fact that if the rates are going higher, a yield curve flattening. what can we expect in the near future? >> we've got to be careful about the yield curve rising. we've got a fla yield curve, flattening yield curve and you've got to be careful about that and make sure you have enough growth in the portfolio to offset the flattening yield curve. you've got small-cap stocks have been a way to play the stronger dollar that was mentioned earlier. the fed is veryoncerned about the stronger dollar aon't think they are going to get to the point where the dollar gets too strong and end up weakening the economy. caps are a gway to play that. kristina: just brought up the

dollar. the dollar climbed higher yesterday after talk about possible press conferences after every single meeting. why would a press conference move the dollar. expand the connection for viewers. >> i think i was a bit of an indication that perhaps the fed wants to be able to raise rates at every meeting instead of every other mting. the market is kind of taken his cue that the fed only raises rate on the press conference meetings. i don't think the fed has that indication out there or for that matter they want to say hey, we can skip the meeting, have a press conference and not necessarily have a rate hike. kristina: thank you very much, john. jonas and john, thank yourejoine fed meetings. all the details at 2:00 p.m. eastern time on fox business news. >> i was looking at another live picture from joint base sanders.

president trump was on his phone. i just saw that at the corner of my eye. get on your twitter feeds right thing is coming. still ahead, the u.s. may not bt stopping americans from heading to the world cup in russia. the government has a warning for you. and a warning from tiger woods the golfer headed to the u.s. open and leave early. hamptons traffic which always causes headaches is even worse. we'll talk about that. our 15 come s&p of two and a quarter, nasdaq up 10 and a quarter. you are watching "fbn:am." ♪ what's a gig of data?

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cheryl: u.s. official has a warning for americans traveling to russia. reuters is reporting that the direct or of national counterintelligence phoned them up tops are likely going to get hacked by the russian government person criminals. bringing a device you don't usually use the removing the battery can help minimize risk. the road up kicking off tomorrow in moscow. kristina: we've also got the u.s. open tees off tomorrow on eastern long island, and please know that i am new to the united dates. should the cocktails can remain a challenge. cheryl: bush assault think about hamptons traffic. garrett maxes hear what the

sunset. >> tiger woods has been down this road before. this time tigers when you take the road less traveled. to avoid getting stuck in horrendous traffic. take restated for the course this year on his $20 million yacht called privacy. a thousand dollars a day -- [inaudible] >> a few this wee i've taken them for the hotel outside three hours. there's a good chance someone might miss their time. >> new york traffic. tiger's tee time for the first two rounds. 1:47 p.m. eastern. an nhl team born in 1974 finally celebrated the first stanley cup yesterday. hundreds of thousands have attended on the national mall. country.ge of booster or across warriors rookie jordan bell

finishes on bottle of hennessy a little too soon yesterday and then accepted an offer from a fan, drink the fans bottle as well. >> i saw that. a deal in the works to endorse tennessee. i practice yesterday, and save the barcode james franklin asked his players how many of them work jobs. he's a bar back in a bouncer. do either the coach? trade to know. >> quit your job. you're now on full scholarship. entering his senior year, ooh. who will catch jerry's sports on fox news headline 24/7 sirius xm channel 115.

tranter web expected to raise interest rates, but that definitely won't be the whole story. a preview from london straight ahead on "fbn:am." ♪ [music playing] (vo) from day one, we always came through for our customers. it's how we earned your trust.. 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. 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

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rther rate hikes. scott shalit he is with us. good. what do you think? we ang a hike today, how about after that? >> laid a lot of things lately over the past five to 10 years, and we will still be maybe lower for longer. they will probably look to be tightening again in the f things s need to improve for them to start to let the thumbscrews sound. the 3.8% unemployment rate, but the love flowing through all the way to gdp. if we still have three piney% of the people, that's a very good number. we should have a. the lake in a system which will cause the fed as soon as other people think they're going to do. >> do you think if there is a press conference, theed will possibly be more transparent?

>> maybe we'll be more transparent, but i don't think that helps either. a lot of the things they've thoughtut over the last five to 10 years go back and look at the record of what i expect haitians were however transparent they thought they were. they been consistently wrong. it may be better f volatility ear what they have to say month. the economy still has some leaks inll should be doing better. train to whatever space you have, always great to see you. thank you, scott. >> have a good day. see you. cheryl: that is it for us on "f:am." thank you for watching. do not send it over to maria bartiromo. then i care there, ladies. see you in a few minutes. thank you so much, girls i am maria bartiromo. it idnesday, june 13th.

6:00 a.m. on the east coast back on u.s. soil president trump arrived in a trade-based anders moments ago following his storic meaning to north korean leader kim jong un. the president explain how his tough talk led to progress. >> other administrations i don't want to get specific on that, that they have a policy of silence. if they said something very bad and very threatening, just don't answer. that is not the answer. i think the rhetoric, i hated to do it. sometimes i felt foolish doing it. but we had no choice. trade to take a look at the path forward following the singapore summit. at&t and time warner against the government yesterday allowing for the $85 billion deal to move forward. the 21st century fox entertainment because many now believe, castle make another

offer. we are on that this morning. the federal reserve to raise interest rates this afternoon. market watchers are waiting to see what chairman powell says in the possibility of more news conferences in interest rate hikes. it is pretty much expected a quarter-point race today. features into a gain of 30 points on the dow jones industrial average. the nasdaq up 17 points. take a look at the close yesterday. the dow was down one point by point. the 43-point move upwards. in europe gcross the board take a look at the indices. st 100 up a quarter of a percent in the dax index right now. markets mostly lower at the close. japan was higher up a third of a percent. hong kong down one and