lou: that's it for us tonight. be with us tomorrow. the doj inspector general's report set to be released. i can't wait. can you? stocks were higher today. cheryl: you heard it here first on fox business. charlie gasparino comcast making the $65 billion offer for the entertainment assets. train through the federal reserve hiking interest rates and hinting that two more rate hikes could come this year. trade you that ms. took stocks lower. the dow ended down 119 points

yesterday. dream for u.s. stock market futures on the right. dow jones down five points, s&p data point in nasdaq down 12 points. turning to european stocks opening closer across the pond. a strong reaction to the fed in the european central bank today. every market we watch in the red. kristina: fed stocks under pressure. down almost 1% in stocks and create down nearly 2%. cheryl: back at home, a new feature that will make i felt even more secure. that's good for all of us. maybe not so good for the police. "fbn:am" starts right now. 5:01 a.m. in new york. thursday, june 14th.

by the way, president trump's birthday today. if you're watching from a heavy burden day. good morning, everybody. i'm sure personae. kristina: enzyme kristina partsinevelos and for lauren simonetti. cheryl: your iphone will be more secure. first, the big news of the day. a potential bidding war brewing over 25 century fox. breaking the news right here on the network yesterday. comcast making an unsolicited $65 billion all cash offer. an 18% premium over an offer from walt disney reported back in december. comcast coming one day after a federal judge gave at&t's agreement to buy time warner for 85 billion without requiring the sale of many major asset. that is antitrust concerns. train through the higher bid comes as traditional entertainment comes the streaming train site netflix, amazon and google.

twenty-first century fox, the parent company of fox network. close up nearly 8% yesterday. trade to the federal reserve is expected raising interest rates for the second time this year. but also some surprises for those who sat in much the entire meeting with jay powell. we will get more from our edward lorenz. >> good morning, sheryl and kristina. a quarter% of an to the interest rate to the federal open market committee would eliminate the forward guidance in their statement that talked about more rate hikes in the future and the addition of news conferences after rereading starting in january. jerome powell painted a rosy picture of the economy saying wages are rising. lower unemployment in the future. >> i think we do believe it has moved on significantly over a

long period of time. it seems to be driven by slow-moving variables like the education level, functioning of the labor market, things like that. it may have moved on, to on a cyclical basis lower if the economy gets higher and higher. >> price of oil to the end of the year. an increase in inflation because of that. another uncertainty is trade policy are rising a think it's fair to say. also coming are beginning to you for the companies holding off on hiring people. right now we don't see that in him the numbers at all. >> the fed chairman says the corporate tax cut will speed investment and drive worker product dignity which will increase output and income. talk to you. cheryl: president trump said to me with this top trade advisers

today on whether to activate tariffs on chinese goods. "the wall street journal" reported late yesterday afternoon that senior trade officials have agreed that the u.s. should proceed with the terrorists. all of this after the trump administration announced a plan to impose tariffs on $50 billion worth of chinese goods last month. the u.s. can impose tariffs as early as tomorrow, friday in beijing to retaliate against any move. last year the u.s. trade deficit with china had a $375 billion. trade for the justice department inspector general to release a long-awaited report on the fbi's handling of the hillary clinton e-mail investigation for president trump's birthday. i may stay to celebrate. what is expected to criticize fbi director james comey and other senior fbi officials. >> i think it's going to shed light on how the federal bureau of investigation mishandled this

whole investigation with regard to former secretary of state and presidential candidate hillary clinton. when you contrast that with the way they have handled the investigation of the so-called tribe russian collusion, no evidence for which i have yet seen. kristina: inspector general michael horvitz to testify before congress about his conclusions early next week. trade to apple testing a new feature on trade feature that will limit the ability to access data from its devices. kristina: tracee carrasco at another headlines making news this morning. good morning, tracee. >> good morning. apple says the new featureless and prayer against all kinds of potential intruders and even law enforcement. this could make it even harder for investigators to get data from your phone which apple and law-enforcement agencies have long clashed over user policy.

the software features called usd restrict emoting stopped other devices like personal computers from accessing data on the iphone using the lightning connector and hour after iphone is left unlocked. trade do this is good for consumers, but very debatable about whether law enforcement should be able to access a phone investigation. trades are especially going back to the san bernardino terror attack. they couldn't get into the phone. that was a huge debate. cheryl: at elon musk just invested big in its company a day after laying off 90%. >> eon must purchase more than 72,000 shares of tesla for $25 million. this comes about a month after you purchase 10 million tesla's stock on the open market. must almost all 20% of the company. trade to an instagram story. i'm a big instagram user but i don't photograph my feed.

you grew us to love the story about a boston restaurant. >> this is where the future restaurant decided. a boston statehouse has unveiled what it claims is the first and only instagram table of the country especially designed for people who want to post the perfect picture of their meal and social media. a $10,000 custom-built table includes movable rmi, just a light intensities and adjustable color temperature setting. it's like a mini photo studio. taking pictures of your stake. >> looks like a tv studio. trade do people do travel based on instagram worthy destinations. kristina: they take subtleties that make you beautiful the time. >> this is a huge marketing tool because they want people to come in based on how good the food, drinks, décor, everything.

he sees this as a tool to bring people and which is interesting. do you think the chef makes the food look better for those people? cheryl: that would be fair. we'll see you in a little bit. well, we have an update on the daredevil raccoon we told you about yesterday. the official twitter account which this guy managed to climb. 23 stories by the way. posted this picture with the caption after a delicious meal of soft cash. comment #npr record has been picked up by wildlife management. this figure of him being taken away. happy ending to a thrilling tale of the watcher yesterday on the show. of course it's all over twitter. >> i prefer the longer story. comcast jumps into a potential bidding war with 21st century fox after at&t and time warner. will this unleash a wave of

megamergers? we'll take a look right after the break. and now microsoft wants a piece of that action as well. now five points, s&p 500, still a quarter of a point in nasdaq down nine points. you are watching "fbn:am." ♪ 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.

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cheryl: welcome back. after yesterday's big selloff, right now markets are mixed pretty flat. the dow was up five in the premarket. s&p up a quarter, nasdaq down eight and three quarters. white house press secretary sarah sanders is not going anywhere. at least for now. she is denying the report fishes considering leaving her job at sanders said that she loves her job in his honor to work with president trump. the report said deputy press secretary russia is also considering leaving. present terms chief economic reservoir at kudlow is on the mend from a heart attack after being released from the hospital yesterday. 's recovery going well and we wish him well. microsoft is challenging amazon in the race to eliminate cashiers from stores.

reuters reports microsoft is developing systems that track where shoppers add to their card and charge their credit card, bypassing the checkout line. microsoft has had talks with wal-mart about a potential collaboration. amazon was the first company to launch a cashier for easter that happened last year in seattle. at&t degrading like in the media space, but other industries as well. both management and john o'hara. comcast 2016 tried to buy time warner failed to regulatory issues. now the largess provider. you think they could potentially face the same regulatory hurdles going after 21st century fox

assets? >> it's interesting because 10 years ago they brought the nbc universal asset. with the fox offer. they made a very strong offer. no lose situation where they need to give high-quality asset to give to their portfolio. i don't see this steel beam block either for disney. kristina: let me such let me switch over to let me such a review, shall come, in terms of the landscape going forward. what do you think the industry will look like in five years? three to four conglomerates? >> is going to continue to be mergers and acquisitions. the stock markets at an all-time high in the u.s. what i love about the comcast deal is the word cash. they made a $65 billion all cash

offer. that is what is stunning about that. you're going to see a lot of these things. there's interesting place everywhere here. you've got the t-mobile potential combination there and we think that is driven by the next lake and what needs to have been going from 4g to 5g. there's lots of ways to play that. you come by the publicly traded real estate that provides the towers to. but the market where it is, free cash flow levels where they are, there's going to be continued mergers because the stock market needs to keep on going higher. this is a way for them to continue to grow earnings. there's a second benefit and that is the more merger and acquisition you see, the less shares as danny and they are and that's also a good long-term bull market paid the same amount of cash will continue to chase the smaller and smaller number of shares and that should help the stock market going forward.

kristina: we are going to switch gears. i don't have very much time, but what do you think about the fact that jay powell pretty much hinted at to more hikes this year. would you think of that pace? >> they were on hike for free this year. not only surprised by the comments. we felt the economy was headed in that project are reappeared a little surprised he announced that this meeting particularly since he's going to provide, and at every fed meeting that there is. i thought they would've allowed a little bit more time given what's going on internationally with potential trade tariffs given that the e.u. economy seems to be slowing a day. i thought that he would've allowed a little more time for that to come to fruition, but clearly laying the groundwork for one in september and one in december. kristina: of a shoe and be for wheat and peerless talk about the fact that jay powell placed on concerns about wage growth and trade tariffs in the future.

what do you think about that? do you think he's being too soft? >> feds mandate is what it is. it doesn't have anything to do with tears in his right to stay out of that argument. there's been moderate wage growth here lately enough will continue. there's more jobs in the u.s. and i think that will help the u.s. worker get higher wages. kristina: shirt and say. thank you for joining us. john and john. thank you so much. cheryl: how we roll at 5:00 in the morning. so much for a peaceful spring going into the summer season. severe weather has sent pennsylvania, overturning cars with taking down power lines and trees. we'll take a look at all of that for you. fox meteorologist janice dean will tell us what is next. she's got the forecast for us. after the big fed decision, tech market down in late moments of the session.

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cheryl: powerful storms landing a path of destruction across pennsylvania overnight. possible tornado smashing windows and downing trees of extensive damage was done to them on the same area to be scattered for several yards. police warned of multiple collapsed buildings. take a look at this. the u-haul truck flipped over on its side. the report of any injuries. we'll keep you up dated.

kristina: more severe storms heading for the northern plains regions as well. cheryl: janice dean is here. a lot to cover. reporter: the northeast parts of pennsylvania cover-up with large hail. damaging winds come in maybe an isolated tornado as well. sturm reports over the last 24 hours. quite a bit of hail. quite a bit of wind in the chair and a few reports of hail. we don't have reports of tornadoes yet, but the national weather service will go out and investigate the damage to see if we did have a tornado touched down in pennsylvania. northern plains will see the hail, wind, possible tornadoes as well as flooding rainfall through this evening. definitely parts of the code is entered to minnesota on the lookout. other news the potential for showers and thunderstorms along the gulf coast as well as what is left of hurricane bud is now moving up towards baja, california and then towards the

four corners region will dedicate a little bit of relief from the drought and wildfires we have seen incredible heat in this area and very dry conditions. a little moisture into these regions suffering from drought and dozens of wildfires as well. cheryl: lots to cover in the fox news extreme weather. trance where they could have come as some start june 21st. but it's happening. thank you very much. that was pretty fast, but last week is ending soon. how much time you have to sign up. so much for those two readers small snack sized chips. more about the larger size. u.s. stock index futures are in change for the dow and the s&p 500. nasdaq down 10 points. you are watching "fbn:am" this

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>> i think this is going to be the first step for america and the department of justice and fbi to begin the healing process. trained to break in this morning, the justice department inspector general said to release long-awaited report on the fbi's handling of the hillary clinton e-mail investigation. live report from washington moments away. kristina: the federal reserve hinting to more rate hikes could come this year and that is actually shook fox lower today. the dow ending 120 points lower. cheryl: futures right now with a pretty flat, i mean really flat beginning to your thursday. go to in the premarket as to be barely up a fraction.

kristina: stocks open lower as they react to the fed rate hike ahead of a meeting. ecb central bank meeting today. cheryl: stocks under pressure in asia. japan's nikkei down almost 1%. south korea down nearly 2%. kristina: at amazon is extending its discount program for prime numbers at whole foods. the question is is it coming to your state. "fbn:am" continues right now. we know the answer for new york. coming up on 5:30 a.m. here in new york. yes, here in new york state. thursday, june 14th. where's the cake? good morning, everybody. i'm cheryl casone. kristina: good morning.

i'm kristina partsinevelos. anticipation is high for how the fbi handled the hillary clinton e-mail address edition. several high-level officials including fbi or james, you're expected to face tough scrutiny of the justice department inspector general report. cheryl: kris jenkins live in washington with more. it's been a year we've been waiting for this. >> 18 months. clear afternoon scheduled for late reading because 500 plus pages of investigation in january of last year is coming in this result to be highly critical of the fbi and doj leadership. in particular, former fbi director james comey, deputy director andrew mccabe, beretta lynch and of course official agent peter strzok. bob goodlatte says they will finally get to see what really happened. >> i think it will put a lot of the missing pieces in the giant puzzle together. it's most important american

people see this report because they think it's going to shed light on how the federal bureau of investigation is handled this whole investigation with regard to former secretary of state and presidential candidate hillary clinton. >> expecting key questions to be answered and specifically what role the public disclosure to e-mail program is played and what action deputy mccabe took which is now suing inspector general of the tarmac meeting between lynch and bill clinton in the trunk text between peter strzok and lisa paige having an affair drawing higher from democrat like eric swalwell. >> it pains me to look at them because a lawful investigation is underway. they should let personal opinions get in the way. 99% of law enforcement officers don't. >> before you and i see the report, the president in two congressional committees will be brief end quote stores.

as for what happens with results, it's important to note michael horvitz cannot prosecute anyone, but he can make referrals for any of those mentioned in the report. we shall see what happens. horvitz testifies at the beginning of not week before the judiciary committee. cheryl: thank you very much. chris jenkins live in washington. let's bring in jamel jaffer of george mason coming diversity and former counsel to the senate foreign relations committee. good morning. let's start with comey if we can here. this shows many things. likely we are hearing in the lakes they've heard about the draft of this report today, it was likely that he acted improperly to go public with the news of course about the e-mail investigation to go public too early, not to prosecute hillary clinton before the election. that's just the beginning of

this report, correct? >> that's exactly right. these are crazy times when you think about it. this idea that the fbi director is out there talking about what was going on and then talking about prosecutorial decisions, which are really love to the justice department as u.s. attorney james comey should've known not. definitely not scenario going on here and likely to be very substantial criticism from the inspector general on that front alone. cheryl: again, you know, he went out before he went public about the investigation, but he basically made up his mind that peter strzok was a piece of this and that hillary clinton will not be prosecuted and that was before he actually interviewed her, before she was interviewed. is that something that could be followed up in a criminal way down the line or is this just more than now we know what happens kind of scenario and this report?

>> ease been fired in part because of these very reasons as rod rosen's been laid out in his letter or memo. it is hard to imagine what can come out in a prosecutorial way. internal discipline might've been in mind, but i don't think there's any major prosecutions coming out of this. certainly concerns about what andrew mccabe was seeing the criminal referral on lying to -- i'm sorry commit doj ig investigators. cheryl: also reviewing andrew mccabe for a second year, whether he should recuse himself early on because of his family ties to the democratic party in particular his wife. >> right. his wife is running for elective office. there were donations made by hillary clinton. it seemed obvious like he got to the rumors are hearing. he's probably okay, but certainly something for the ig to look at.

tranter guided place for you at rudy giuliani, the personal attorney for president trump had to say about all of this. take a listen. >> at a minimum, we know from the leaks, that it's going to criticize him heavily for his first hillary press conference, secular press conference. >> backers to the credibility of how he handled the rush investigation. >> he became the attorney general. he's not the attorney general. cheryl: again talking about james comey and his improper actions. laura ingram actually said something interesting. this report today has nothing to do at the russian investigation. this is all about the e-mail investigation and hillary clinton. >> that's exactly right. ig reports coming out because obviously attorney general sessions at the president's request has sought an investigation of the alleged surveillance at trump tower. the ledge placing of an informant associated with the

campaign. obviously, the ongoing investigation by the house and senate intelligence committee. there's a lot more to come on that front. just one you write is that the investigation. cheryl: beretta lynch, peter strzok, lisa paige. an interesting 500 page light reading for the weekend. thank you very much. appreciate it. >> thanks for having me. kristina: remember that $1500 unlimited data deal from sprint? if you want that, you've got to hurry. >> good morning. the $15 deal hoping to lure customers away from other networks by new $15 a month unlimited talk on the text and data plane may have worked too well. sprint says demand has been so high that it's ending the deal this friday at 11:59 p.m. eastern time. if you want to take advantage of that, better do it quickly.

for new customers only. cheryl: so much for that. amazon rolling out the whole food discount to more states. maybe not one state in particular. kristina: soon cheryl, soon. amazon has added 10 more states to the list were prime members can get an extra 10% off sale items at whole foods stores. the total is now 23 states including california, texas, arizona, georgia and the other states you see in your screen there. the deals are set to be extended nationwide this summer. be patient. cheryl: they don't like the east coast for some reason. kristina: i'm excited about this even though my fingers or is together doritos is unveiling a dino sized chair. you don't have it. >> i don't have it. funny story i get that at the end. unveiling the limited-edition foot-long version could the jurassic sized chip are part of a special collaboration with the

upcoming sequel jurassic world. you can win this by treating doritos with hashtag jurassic to read as or bid an option that jurassic readers today through june 20. the best part of the story, all proceeds will be donated to the american right cross for volcano disaster relief efforts in hawaii, where many scenes from the jurassic films were shot. one reason i don't have it, i broke the chip. cheryl: are you serious? was that in plastic? >> it was. i still broke it. we were told not to take it out of the plastic. they handed it to me. that's where the chip is. cheryl: good job, tracey carrasco, ladies and gentlemen. all right, well a plane carrying hundreds of people nosediving shortly after takeoff. we will give you details on what happened and this is a very scary event what happened.

they surprised that expect it today from the pentagon. the u.s. will suspend joint military at her sides of the south korea. that was fast. a look at the potential impact of that decision. u.s. stock market futures down nearly 200 points yesterday on the fed decision. talk to in the premarket. s&p five, nasdaq up nine and a quarter. we will be right back.

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>> welcome back. let's get you caught up on what's happening now. checking u.s. futures seen seen everything in the red. dow jones down seven points from s&p 500 down seven points. nasdaq down almost seven points. an airplane crash in alaska leaving one person dead or wreckage found in a river near anchorage. officials said the 66-year-old pilot was the only one aboard the plane. the pilot of the other plane was able to make an emergency landing. recklessly he was unharmed. a quantum plane flying from los angeles and into a nose dive for 10 seconds. the terrifying moment reportedly caused from a flight that took off two minutes earlier. some horrify travelers held hands thinking they were about to die as the plane suddenly dropped over the pacific ocean.

thankfully, none of the passengers on board were injured by the incident. target has removed this baby daddies father's day card after receiving intense backlash. one woman shows the card and facebook writing you cannot be serious, target. this is the only father's day card that featured a black couple. they called it an insult to black fathers in african-american communities did they apologize to anyone offended by the card. cheryl: i can't either. wow, target. well, there is a big move afoot right now. secretary of state mike pompeo continuing his negotiations overseas. the pentagon to make a major announcement on canceling military exercises with south korea. president trump does a complete u.s. withdrawal is not an option right now. >> i would love to get the military artist in his weekend because it costs a lot of money

for us. we don't get paid fully for that military, but we have 32 dozen soldiers in south korea. it is not on the table right now. cheryl: speaking tour on bread error. this retired u.s. marine corps jesse james. good morning. >> good morning, cheryl. is this a good idea in your opinion? in the semantics of all of this, we've got 32,000 troops right now in south korea. did you see a potential drawdown in her future? >> the drawdown is not even in her future right now. we need to stop the military exercise this summer. when i was stationed over there, we routinely had to exercises to show a force against north korea and in good faith, this is showing kim jong un that we are there sincerely. we are trying to present a threat to him while he do

nuclear hazards. this doesn't mean we can't go back and do the exercises if he reneged on the deal. >> stopping exercises will save us quite a bit of money. if you look at the numbers, it may just be in fact the truth. the 13 hour round trip, aircraft in guam having over to south korea. if you add up all the different aircraft that are used in these word games is $3.5 million, jesse. that's a good chunk of change. >> of course. these exercises have been going on for decades. we routinely participated in them because at the end of the day north korea presented a threat to japan's coming to south korea and the rest of the world. they needed to know we were there, ever vigilant and not intimidated by any stretch of the imagination. it was significant for national security. >> democrats coming out in criticizing all this. we should add to the discussion that general mattis was reportedly instantly behind us

when the idea was passed to him by president trump before the summit. here's what they're saying on the dems side. the amendment would help prevent the president for making a rash decision on the korean peninsula to negatively impact our national security. tammy duckworth and chris murphy are trying to stop the ending of these exercises. that's their argument. >> they just want to be relevant because they have a baseless effort in this that they have tried, struggled to tell president trump what to do at the negotiating table. at the end of the day they didn't demand that much of their iran deal and demand president obama get approval for all he has pulled. >> great to have you on the show always talking about those topic. >> the annual congressional game

coming on the first anniversary that almost killed congressman steve scalise. it's finally here. the 2018 world cup. [cheers and applause] suitors for its pilots just ahead. the u.s. stock index futures all the red right now. estimate on one point, not rack up 12 points. you are watching "fbn:am." ♪ of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. i'm a small business, but i have... big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files?

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>> welcome the congressional baseball team takes part tonight one year after the shooting that nearly killed house majority whip steve scalise suffering

injuries after a shooter opened fire also entered the capitol police officer and two others. police who has made a full recovery from his injuries is expected to start on second base tonight. congressman and republican coach roger williams set a personal invite to president trump to attend the game. the white house has not yet confirmed whether the president is going to be there. and welcome back, everyone. it is a really, really big day. i'm excited. it's happening. jared max in the u.s. opening. >> is going to be for the coming days and of course the future. first three to hit -- south engineer, build a course that hosts three different centuries. dustin johnson is the favorite to win. among the second favorites, the 2011 u.s. open champion rory

mcelroy. i've got my life in contention quite a few times. would love to do that again this week. >> were not gory keys off it 8:02 a.m. eastern time. he said the group and check out this power trio. some dude named tiger. also 14 to one to win the u.s. open. all laser on and also on fox. the widespread legal exports coming a new day is now here. look at today's new york post. sports gambling everyday. 10:30 a.m. eastern time, new jersey will be made at the racetrack in new jersey. phil murphy will make the first

bet in 30 minutes later the casino will be the first in the gambling capital of the unix city to take the place sports bets. in today's new york post today's new york post was the odds-on that u.s. open, odds on the world cup that kicks off today. 11:00 a.m. eastern time on fox replace saudi arabia in moscow put the world cup opener. we found yesterday u.s. canada mexico the 26 world cup. for moscow on fox. no wonder what the odds would've been on kevin brown doing yesterday. played in 18 years that a local hero in macon georgia. two people allegedly stealing people's mail. he was hiding out in the neighbor's backyard, caught them come and help them at gunpoint waited for the cops to arrive. kevin brown the superhero. kristina: i feel like i need to bet on tiger woods.

>> 14 to one. that's not a bad bet. he hasn't won in 10 years. cheryl: jared max, thank you very much. such as sports or ports headlines 24/7 unserious xm channel 115. be sure to stick around. mornings with maria will be live from chicago's from the u.s. open golf tournament. kristina: coming up, when will the u.s. center banks are to wind down its services. we will go today when "fbn:am" continues. 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.

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♪standin in the hall of fame kristina: european central bank holds its policy meeting today. craig berlin a senior marketing sister industry from london. good morning, craig. i have to ask him in 2013 there is a huge selloff the moment the ecb, european central bank would start using or selling off their bonds. do you think that today there is going to be a timetable about tapering the ecb's bond purchases? >> i think the lessons we've learned over the last 18 months as the ecb will approach us with printing of caution. i expected it of what we will see from central bankers as they will the two conversations about the qa program and the possibility for an extension beyond september.

they will probably wait until the next meeting before announcing what it plans to do, whether it be a short extension for the end of the year or reducing it down to zero altogether. i think it makes little difference. caution will be the same. >> what about the landscape in europe given lower growth coming geopolitical risk, divorce issues with britain and china trying to get out of brexit. won't that leave a lot of the uncertainty for business investors including americans doing business there? >> absolutely. that is something the central banks are taking under consideration. that is one of the reasons why they're going to approach this with such caution that the press conference will be filled with questions about it in particular about the desire to run higher fiscal deficits which is against the rules of the eurozone and the desire to leave the oversight. plenty of questions on this and

i think it's going to be a stronger attributing factor to the ecb. >> 1218 hours talking a lot about the fed and the meeting there. what are you seeing from european investors given the jay powell talks, the eighth meaning from a press conferences. where does it take for investors on the other side of the pond? >> i don't think there's too much surprise. they increased the number of expected rate hikes this year from three to four but that's only a very slight shift from next year. the higher growth numbers we have been seeing higher levels of inflation in the data. not an enormous surprise. big change in the language from the federal reserve and the statement. a sign that we are moving away from this crisis response of the central bank marjorie normalization of monetary policy. does it change people's views on interest rate? i don't think so.

cheryl: not a major surprise for a lot of people given the market was essentially an already. maybe the bigger surprise was i think you downplayed the fact that wage growth hasn't been climbing higher at 95 trade. we've got and that they thank you so much for joining us. thank you all for watching "fbn:am." now it is time for maria bartiromo and "mornings with maria." >> live from the u.s. open at shinnecock hills in southampton. maria bartiromo for a special edition of "mornings with maria." maria: good thursday morning, everybody. thank you are joining us the maria bartiromo on tuesday -- thursday, june 14th. top stories 6:00 a.m. on the east coast. an immediate war underway as we speak. comcast offering $65 billion in cash for the entertainment assets of 21st century fox. the parent company of the