expense of real rights, roe will take care of itself. that's my prediction. lou: that's it for us tonight. have a good weekend. >> they made the last tier $151 billion in trade surplus. we had a deficit with the european union. on top of that, we spend a fortune on nato to protect them. trying to tough talk on trade sparks a global selloff. highlights from maria bartiromo's exclusive interview with president trump. gerri: let's review the dow got a lift on track lift on track they would treat tension seized. the dow closed 55 points well below its session highs. raising concerns about to canadian tariff setting global stocks plus of course some of

the comments by mr. trump made to maria bartiromo. all of that continuing trade worries taking on futures right now. the dow down 115, as 15, s&p.11 and three quarters, nasdaq down 42. over in europe, stocks opened her pressure is president trump said the e.u. may be even worse trading partners in china appear to put it down 63, cac down 42. the dax down 36. >> asia's docs were hammered as trade tensions continue to japan's nikkei down 2% in shanghai composite done to .5%. the hong kong market was actually close. >> good news for elon musk and tesla as the car company finally meets the most ambitious goal of 5000 cars per week. "fbn:am" starts right now.

5:01 a.m. in new york in monday, july 2nd. i'm cheryl casone. >> and gerri willis in for lauren simonetti. we've got a lot to go over. >> the second half of the year. quarterly earnings start coming out. so much for quiet summers in the stock market. >> me questions about what the markets do today without the trade news. >> following a global trade tensions to intensify. president trump sitting down with maria bartiromo for an exclusive interview talked about his stand on trade and tariffs. >> we have trade deals as an example with china. nobody bothered to make a deal until charge 25% for a car and you've used those numbers. so we have the worst trade deals in the world. we lose money with everybody.

i love free trade peer free trade peer finance at the g7 i have an idea. nobody pay anymore taxes. canada can we not going to get 275%. we're going to take down all of our taxes. you know what happened? everybody said can we get onto another subject. i didn't like pinpointing china. but i like the president. i didn't like pinpointing china because they're not the only ones. they are bigger and stronger and frankly to look more and probably a bigger violator. it's other countries, too. i wanted to go worldwide and we are doing now. the european union is as bad as china, just smaller. it's terrible what they do for

us. they send a mercedes in. we can't send our cars in. they don't want our farm products. the european union last year made, if you look at a trade surplus, which is a very important thing, i devoted a lot of time to harley-davidson. everybody that ever bought harley davidson voted for term. all of a sudden everyone else is coming in. they are one of the few. i have a feeling that maybe currently will take a break here. i think it's a great american product and the people of more pride. they don't want a bill to another country. gerri: amazing interview. this is what it's moving the markets this morning.

more from maria's interview throughout the show for the president will decide in meeting with the prime minister of the netherlands ahead of the nato summit next week future until voters in mexico from a populist candidate as the next president was a landslide vote. lopez winning more than half of the votes easily beating both of his main rivals, saying he wants a relationship of friendship and respect with the united states. congratulations on becoming the next president of mexico. very much look forward to working within double benefit of both the united states and mexico. >> imposing tariffs on $12 billion worth of u.s. goods yesterday. steel, iron, pizza and even dishwasher detergent.

canada's terrace in response to the move last month on aluminum, canada, mexico and the european union. trump claims imported steel and aluminum pose a threat to u.s. security. cheryl: they may still use them for other potential tariff ideas that are floating around. finally, some good news for tesla appeared the company have been in manufacturing milestone. gerri: tracee carrasco joins us with more on that another headlines. >> we were sure they were going to do that, but tesla has reached its production goal of holding more than 5000 in the last week of the second quarter. according to an internal e-mail, elon musk congratulated his team for hitting the golan said, quote, think we just became a rail car company. tests expected to officially announce second production

quarters and the will to sustain the 5000 civilians. cheryl: goldman sachs have a stern warning about tesla early last week that production was far behind. we will have to see. box office come at the weekend big obviously. >> dinosaurs ruled at the box office for a second weekend in a row. >> these creatures were here before us. and if we're not careful, they're going to be hereafter. >> jurassic world made $60 million in its second weekend in north american theaters bring in its domestic total to almost 265 million. incredible soon now in its third weekend in theaters with $45.5 million. action thriller earned

$18 million to take the baserunning of the top five uncle drew an ocean state. cheryl: i would see incredible as two. that's what i would do. a lot of people out there trying to enjoy the heat. >> this is the week anyone to say inside. tested to fiber lines not a cable, internet and phone services around the country. some people also experience chronic dvd connections with their netflix as well. they didn't say exactly how many people do nationwide outage affect did, but according to down detector.com, they probably started friday morning with new york or philadelphia come as or philadelphia come as soon as, denver and chicago. train to go to your phone or tablet against your wireless carrier.

had to reset the whole house. it was a disaster. apparently there's some kind of ghost in the machine this week. >> anything else. we've got some big news in the world of sports, lebron james is headed to hollywood he is signing for your $150 million deal with the l.a. lakers. they could meet privately with family and friends before choosing the lakers and more powerful. think in the cavaliers cavaliers organization and fans seem nice, for an incredible four seasons. this will always be home. lebron helped the caps to an nba title in 2016.

cheryl: the broncos are going to hollywood. the heat wave has continued in the northeast and mid-atlantic. 82 degrees here in new york city. gerri: it's not even 6:00 a.m. janice dean lab and the weather center with your monday forecast. good morning. >> good morning, ladies big happy to see with the air-conditioning. hot across the northeast and mid-atlantic with the great lakes. it is feeling like summertime. a little tiny bit of relief over the next couple days. kansas city, chicago, washington d.c. problem is the humidity. even though it's in the 90s, it will fill in some cases over 100 degrees and we have heat advisories in effect as well as the warnings that stretch close to new york city after its parts of new england.

a big heat index today. take all the precautions especially with your pets and keep your kids inside. see the radar. not a whole lot happening. we could see potential for hail damage in minsk on isolated tornadoes in the areas you see green and yellow. for now, keep hydrated. keep hydrated and wear white care about is the moral of the story. janice dean, thank you so much. cheryl: coming up, president trump talking tough on trade with maria bartiromo. >> the european union is possibly as bad as china, just smaller. it's terrible what they do to us. cheryl: plus kameny wildcards in northwest california near sacramento. taken delicate features right now. the president talking with worry about the issue of trade, tariffs, the e.u. really looks like a perfect and

features. the dow was down 28 in the premarket s&p is down 13. nasdaq down 45 any quarter. you are watching "fbn:am." e by.. (harmonica interrupts) ...by just calling or going online to geico.com. (harmonica interrupts) (sighs and chuckles) sorry, are you gonna... (harmonica interrupts) everytime. geico. 15 minutes could save you 15% or more on car insurance.

cheryl: welcome back. get caught up on what's happening now. trade and some other issues around the world right now.

the data on 124 in the premarket s&p down 12.5, nasdaq down 43.5. a mass stabbing in the refugee community in boise, idaho. nine people including six children have been hospitalized with life-threatening injuries that the suspect targeting a 3-year-old birthday party. taken into custody. please see the attack came a day after he was asked to leave the property because of his behavior. portland police are clearing a riot after anti-fascist protesters clash with conservative demonstrators. several fist fights broke out as you can see is counter protesters began throwing eggs, water bottles and firecrackers at the patriot prayer group. four people were hit by objects and had to be hospitalized. a police officer also was struck. authorities in northern california are an evacuation.

the wildfire continues to burn scorching at least 34 square miles in saturday's threatening dozens of structures. the weather continued to be the big story. >> that is right, cheryl. trade tensions to stop a 25% tariff on chinese goods on friday. beijing expected to retaliate for tariffs on u.s. products in canadian tariffs against the u.s. kicked in yesterday. trade stories going on. jason burstein the uphill investing joins us now. great to have you here, jason. let's start with the talk about trade. steel and aluminum tariffs may have just been the warm-up of what's to come. the president talking about auto tariffs. listen to this. >> this is the big one. we can talk steel, everything paid the big thing is the cars. gerri: he wants to impose them, calling out europe in particular

to maria bartiromo this weekend. if he slaps tariffs on autos, what will be the impact on the market but are you looking for specifically after that threat? >> thank you. i just like to say that is the big one. when you look at the amount of cars that americans import -- that is going to place the major challenges with what trump is doing with the other terrorists. if you look at bmw and mercedes-benz of how much they export of cars produced in the united states and china will make an implication to bring in those productions into the united states. be careful how we negotiate with europe and china. gerri: exactly did the u.s.a. and if you come back with more tariffs of iran. interesting numbers we saw this morning with imports into this country of autos at 192 billion.

still just 29. steel and aluminum a fraction of the size of the auto market obviously because this could have big, big impacts on all the conversation leading to increased costs of probability. tell us how you're seeing more of this volatility. >> volatility is just normalizing. if you look at what the close was on friday, still around 16.5. the normal rate is 19 to 20. at the end of the day, tariffs bring uncertainty. and are impossible to model. people are going to get nervous. don't spend too much time thinking about volatility. a lot of backward looking and not forward-looking. i don't pay a whole amount attention to what it does in the short-term. google things i will say to complete that point is i think they are interesting but they target or the germany, mexico,

canada, japan and everyone is talking about china. i think we need to look at the bigger scope of what these do to our allies into the markets. gerri: wanted to ask you about employment. that is the big news for the trading week for sure. looking at 195,000 jobs in 3.8% sticking out their great for unemployment. unfortunately we're out of time. jason, thanks for coming out today. >> thanks for having me. cheryl: coming up, it was hot, hot, hot. that is that translates from competing in the new york city triathlon. >> this is the hottest one was done yet. i've done 10 of these. >> had a great time. it was hotter than the dickens. cheryl: that is right. we are going to have more exclusive interview with president trump including his thoughts on beating democrat in

the midterm. take midterm. taken delicate features. of course talked a lot about trade and nervous investors are hitting the cell but again. the dow down 129, not at down 43.5. you are watching the "fbn:am." jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke.

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>> on sunday the fox business network once again sponsored the new york city triathlon. 5000 athletes embarked on a swim bike run olympic distance race during the east coast heat wave. the fox business cameras were there to capture all of it.

>> ladies and gentlemen, your 28 teen new york city triathlon. >> fox news and fox business watch it daily. neil, you're the best, baby. >> my favorite tinkerers charles payne. shout out to maria bartiromo. love your show. >> anything's possible. how are you feeling? >> it was hot. water felt pretty good. thank god it's over. >> john pisani, my favorite

brother. congratulations and many are triathlon. how do you feel? >> it was a lot of fun. >> yes, he did a great job. congratulations. >> congratulations to his sister. that's what a good brother does. >> and not as a rap. cheryl: speaking of support, thank you to the city of new york from n.y.p.d., big shout out to the volunteers who came out in the heat. it was a scorcher. gerri: congratulations to you and congratulations to fox business because we are the big winners. there's lots of of winners out there who'd done this every year as the network sponsored the triathlon. a wonderful partnership we have. we'll see you guys next summer. gerri: people are so much fun in the heat. coming up, more for maria

bartiromo's exclusive interview including his view at the midterm election. a 28-year-old socialist who says get this. more democrat of me getting in line with data kirsten gillibrand today. >> are going to get beaten so badly. new issues getting access and now amazon acquires philpott. take a look at those markets. u.s. stock index futures about trading down by 100 wordy one points. s&p 500 down 14. the nasdaq called 48. you are watching "fbn:am." alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time.

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>> they made last year $151 billion in trade surplus. we had a deficit with the european union. on top of that code spend a fortune on nato to protect them. cheryl: tough talk on trade sparks a global selloff for stocks. bool pilots for maria bartiromo's exclusive interview with president trump. cheryl: trade tensions were seemingly easy. >> raising concern is canadian tariffs take effect venue was good to the global stocks. the u.s. stock market futures with the dow points up and down 146. s&p 500 down 14. nasdaq down nearly 47. >> europe stocks open under pressure as the e.u. may be even work on trade worst trading partners in china. the ftse, cac and dax down 40%. >> trouble continues in asia for

stocks were hammered on trade tensions. japan's nikkei down to .2% in the shanghai composite down to .5%. hong kong stocks are closed. >> face but detailing for the first time how did dozens of companies special access to your information. "fbn:am" continues right now. 5:31 a.m. in new york. i am cheryl casone. gerri: gerri willis in for lauren simonetti. cheryl: president trump not stepping on trade. he will be imposing terrace until he secures better trade deals for the u.s. an exclusive interview with maria bartiromo is those countries are ready to deal. >> way of the worst trade deals in the world.

they say how much do they lose at this country. we are going to make a reciprocal, make it fair. and i will tell you that you don't know about this, but every country is calling every day saying let's make a deal. let's make a deal. >> let's prevent her grammar, max permit the robert f. kennedy human rights organization. good morning. i want to start with you on the issue for the european market. the e.u. has been threatening retaliation. listen to what he said once again about his views on europe visit trade worker. >> the european union is possibly a status china, just mohler. the european union, take a look at the car situation. we can't send our cars in. they don't want our farm

products. so they want to protect their farmers. gerri: does he have a point about europe? >> a lot of the european u.s. trade laws are left over from the marginal planned to times when we are rebuilding europe in the wake of the devastation. certainly has a long-term paradigm. any kind of situation where there are increased terrace come increased economic efficiency, and that her in terms of leveling the playing field in someone's president trump definitely does have a point. no one wants to see long-term care situation in place of a short-term negotiating tactic kind of as a way to bring to the table to have deals be made. in seeing how this goes. >> at the worry is way the price will be on the american consumer

for tradeport. 44% of cars sold in the united states are foreign made cars. yes some are manufactured in the united states, but mr. trump telling the way he wants more of these companies make the cars in the u.s. the europeans need to be fighting back now. >> is such a ridiculously combative policy just does everything so far with president trump has been. the system of throwing our longtime allies decide, treating people poorly, making short-term bargains for long-term things that don't pan out. i am curious to see if president trump comes to fruition in a beneficial way for americans. definitely change the regulatory landscape in the markets have been so far reacting. >> nothing has come from the

summit in tax cuts that people like senator rubio has said don't work and hurt the economy. cheryl: let's talk about the economy and tax cuts. listen to what the president said about tax cuts. >> we are doing a face too. we'll be doing in october, maybe a little sooner than that and you'll be more of a middle class. the disobedient and more aimed at the middle class. we think about bringing a 21% down to 20 and for the most part the rest of the would go to the middle class. >> the middle-class american is feeling their pocketbook a lot larger. their 401(k) a lot larger because of the tax cut. something the president's done. >> in looking at this and seeing things that the fact that large corporations got most of the money almost three quarters went

towards stock buybacks, went towards bonuses for top executives. only about a quarter or a little bit less went to long-term raises to bonuses for employees. the kinds of things that spur the economy long term. until the president puts up some legitimacy on the issue, i am hesitant to take anything he says at face value. cheryl: with garber could though unemployment, which is now going to. you've got a shortage in the united states. forget maybe he has no way to say things are the nicest way, but the economy does show proof that a lot of this quote, unquote crazy things he may be pushing are actually working. >> exactly. in terms of every match or, business optimism, consumer optimism, our economy is operating at full speed. seeing a lot that has been through added to the president

trump in the regulatory reform comment pedro. even things like shareholder buybacks are important for the market and investors in resulting genes in the stock market in resulting increase for people investments, retirement savings, et cetera. a lot of it is going to hopefully continue as it moves forward. cheryl: if they vote on their pocketbooks any talk about the midterms in an interview with maria, that is where we will see the proof of what the american people actually think and how they feel. thank you both for being here. we appreciate it. >> thanks so much. detailing how it gave companies access to user data. here we go. >> this time in 747 pages of

documents submitted to congress play friday night in response to pull to the lawmakers had. facebook disgusted shared user information with dozens of hardware or software makers as well as app developers while after it cut off outside companies access to 2015. in total 50 do hardware software makers including apple, blackberry, amazon and microsoft have access to the data. the list also includes chinese firms which caused some national security concerns there. facebook ended 38 of the 52 partnerships and it will shut down seven more by the end of july and another one by the end of that over. gerri: amazing. more access than ever before. >> we talked about this last week. amazon will soon have access to even more personal information.

amazon will have insight into people's prescription been collected in safeguarding medical information is far more complex than tracking purposes made by someone on amazon. amazon says it will comply with hip as those other laws and regulations. interesting thoughts there. cheryl: health records are more. an activist investor is turning up the heat on nestlé. what's going on? >> in a letter to management and a 34 page report, putting pressure on nestlé to raise its financial returns and sell its stake in l'oreal. also criticizing next week's energy to revamp business is with its muddled strategic approach when two accounts change to consumer behavior. no response so far from nestlé. cheryl: thank you very much, tracee. gerri: president trump says he's

narrowed his pick for the supreme court to just five possibilities. >> outside of war and peace, the biggest decision you can make his selection of a supreme court justice. cheryl: the trump administration also laying out a timeline for north korea to deed nuclear eyes peered kim jong un is ramping up nuclear production facilities. taking a look at your u.s. stock index futures right now for the dow was down 170 points a little further. s&p 500 on 16, nasdaq down 52. you are watching "fbn:am." not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat.

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cheryl: welcome back. taking delicate features on your monday. trade tensions continue as investors listen to comments from president trump over the weekend with her on maria bartiromo. the dow was down 153. nasdaq down 15. national security adviser john bolton says the u.s. has an ambitious plan to denuclearize north korea. >> our experts have devised as a program that with north korean cooperation with full disclosure of all of their chemical and biological and nuclear weapons, we can physically be able to dismantle the overwhelming within a year. >> secretary of state mike andrea will be discussing the

one-year plan with north korea in the very near future. satellite images showed north korea expanding in manufacturing plan. an american woman is dead after a boat in the bahamas exploded with her on board. can't the raging fire and camera. a 22-year-old woman lost both of her legs. go find me has been set up for her and she remains in a coma with life-threatening injuries. finally, a new protest in iran as the government faces mounting pressure from the u.s. effort to cut the oil sales. hundreds of people taking to the streets in the southwestern city to protest dirty drinking water. turn into a broader message. thousands demonstrated in tehran after collapsing currency. that is what is happening now. over to you. gerri: president trump tied to move fast on replacing outgoing

justice anthony kennedy. the next justice should be in place before the midterms. >> it is probably going to be vicious because the other side, all they can do is obstruct and resist. and maybe someday will be a really good along with the other side. right now it's on the resist. all they want to do is stop things from happening. it will go quickly if i picked the right person. great to see you. the president has been saying he won't use roe v. wade, the abortion decision as a litmus test but now he's adding his name to a list of 25 candidates. >> it's hard to predict a handicap, but the president ran a campaign on the supreme court didn't release a list. eight of the nine current justices including justice kennedy come for the united states court of appeals which is

not surprising. to give prepared to be in the supreme court purposeless or general general appeared in the supreme court. most likely in the court of appeals seat and we will see what happens. they go with the way he campaigned in ram. and the other one was to try to unify a little more. hard to say. >> you may be forcing you to file a little more. susan collins and what, there's got to be sensitivity on roe v. wade. here's what she had to say. >> i believe very much that roe v. wade is settled law. so a nominee position on whether or not they respect precedent will tell me a lot about whether or not they would overturn roe v. wade.

>> what do you make of this? lisa murkowski also apparently on the fence as well. can a president kerry his own party? >> it works in two directions. if we want to get into the political discussion, here's the point. these two senators may create some pressure to be more moderate or more unified as we just discussed. a heck of a lot of senators, democrat ones running for reelection in states carried very heavily by president trump and there's no question at all that is going to cause considerable pressure. with the course which vote, one of the most contentious ever because of the merit -- merrick garland. you can see a number of democrats and in the gorsuch, three voted with republicans. i expect the pressure kind of cancels each other out.

gerri: thank you for that. appreciate your time. we've got a lot more coming up in sports to transfer in the nba. jared maxes coming out. world cup come the post country russia a stunning upset that has celebrating. we are going to have highlights coming up with the dow down 151 in the premarket on trade tensions. s&p nasdaq as well. you are watching "fbn:am." , twe.

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gerri: welcome back a breaking news in the sports world at the brian james has reached a decision again. cheryl: jared max, the winner is? >> los angeles lakers. never before has sports intercepted this level. the 35 by $6 million contract with cleveland and yesterday in los angeles hours after his agent met with the 76ers, the agency announced the fourth time nba mvp 14 time all-star. agree true for your $154 million contract. no the odds-on alley to win the title next year moved from aligned that opened down to seven to two at the whiskey superbug from vegas. stephenson is going to sign with delay sign with delay. he does in such a thorn in the bronze side. the cavaliers went from 30 to 12500 to one.

for the second time, cleveland has lost to miami, natalie. nothing but appreciation and gratitude for everything you put into every moment you spend. we look forward to retirement of the famous number 23 jersey one day. thank you, northeast ohio for incredible four years that this will always be home. lebron right off into the sunset in l.a.? waiting for him to choose the team so they can have the right jersey for the trailer. already has two mentions in l.a. showtime is back. lebron is the leaker. maybe the greatest thing i've ever seen. russia's igor yesterday. unbelievable with the back leg stretching out all over. russia and says that all said denmark falling to croatia on penalty kicks. while sunday in sports. cheryl: that was a great cake.

thank you so much. wow, jared max. sports reports fox news headline fox news headline 20 for seven sirius xm channel 115. coming up, trade tensions weighed on u.s. stock futures this morning. we will go to london for how its effect being european stocks. straight ahead on "fbn:am."

tree do trade tensions heating up and taken effect on u.s. goods yesterday. u.s. has imposed a 25% terrified chinese products on friday. senior currency analyst. a possible trade war. >> we really are and we can do this very much affected in equity markets. cheryl: we have lost gene. the potential of the trade were not just with the chinese that the europeans as well with president trump talking to maria bartiromo about that in particular. nasdaq down 47. improvement of digital labor markets look like they were down 200 on the dow.

european markets down 70 on the flip become a 55 and the cac. dax down 71. a very big move indeed. >> the hong kong market is closed for holiday. the nikkei down within 2% pitching i 2% pitching id. two by by 5%. kospi downed within two and a quarter%. japan is the market to watch when it comes to auto tariffs. more tariffs on vehicles coming to the u.s. the japanese and germans are very vulnerable. gerri: and it responds badly to us, to exporting cars as well. a look at oil. crude down marginally 7380. we've seen it higher with gas prices. it's time to move along. gerri: thank you for joining us on "fbn:am." maria bartiromo was that does. >> thanks so much. good morning, happy monday.

i am maria bartiromo. monday, july 2nd. top stories right now, 6:00 a.m. on the east coast. threat of a trade war escalates. canada had back. the u.s. tariffs ranging from ketchup to lawn mowers are at a report says that europe is worried $300 billion in new tariffs coming over the auto threat from president trump. my exclusive interview the president was optimistic. >> we have the worst trade deals in the world. we lose money with everybody. let's make a deal. maria: futures pointed to a decline at the start of trading down 150 points on the dow industrials right now. s&p down 14 of the nasdaq and 48. two thirds of 1%. modest gains on friday with the markets at the close. the s&p higher by 655.

down almost 1% the cac in paris done better than 1%. in asia overnight, all the major markets down better than 2%. hong kong closed for a holiday. president trump weigh in on oil prices as well. this site is ready to pump more crude oil. a heat wave is hosting the northeast with record-breaking temperatures. wildfires ripped into northern california turning the sky orange in san francisco. tesla achieving production goals for the struggling automaker produced five model three vehicles what you unmask celebrated one of his rivals. the international space station gets a new residence. the space acts rocket carrying an a.i. rocket docket moments ago. joining me to talk all about it, fox business downward dagen mcdowell.