bigger than nas bigger than nas. we hope you jonus tomorrow. good night from new >> farmers will be the biggest beneficiary. [cheers and applause] just be a little patient. cheryl: president trump offering farmers to offset tariffs as they get set to meet with the president of the european commission. can they finally make a deal? gerri: investors focusing on a big day of earnings. boeing, coca-cola and visa to report with gm, ford and facebook. drink your earnings to put the dow up 200 points yesterday. watching the number of 187.

gerri: the dow down five, s&p 500 down two s&p 500 down to any quarter. the nasdaq down half a percent. cheryl: stocks open mostly lower with the meeting between president trump. the hang seng up nearly 1%. the widely popular broadway hit hamilton could be coming to the big screen. "fbn:am" starts right now. 5:01 a.m. in new york on a come at july 25th. good morning and gerri willis and for lauren simonetti. cheryl: markets reacting.

gerri: a credit to you all the tech titans are doing very, very well despite negative headlines. they attacked teflon. drain too nice to see those green members. we've got a lot of news today on trade. trade talks are high on the agenda at the white house today. president trump set to meet with european commission president jean-claude juncker which has threatened u.s. tariffs on important tariffs. the threats hanging in the balance. in the tree yesterday. coming to negotiate a deal on trade. i would finally be called free market in fair trade. >> probably not. meanwhile, the trump administration around hillary is

on. >> good morning, and jerry and cheryl. u.s. industry offering them a bailout of the trump administration approved $12 million in aid to the agricultural industry and secretary sunny producing this will help meet the cost of disrupted market. this trade back and forth, president trump seen his strategy is working. >> you have to see these trade deals i'm working on. work in a friday. nobody else thought it. i went to some of the countries. i said how did they get so unbalanced? they said nobody ever called. there'll come into the white house. if they do have to change. they did want to change. okay good were going to care if your cars. when can we show up? would tomorrow be okay? >> really from existing duties

overseas. here trying to convince the president to not go through against chinese imports. i spoke with congressman cramer who testified at the hearing. he tells me he supports a plan to give aid to farmers but he made it clear to larry kudlow. businesses want trade, not aid. a better system for those asking for exemptions. >> from what i've seen it's entirely appropriate. our farmers want trade, not aid. they are very hard to replace if you ever lose them. please be careful and keep the farmer in mind because the farmer doesn't have the luxury. for example, an oil worker, an oil company can tap the well and is still there. >> the white house should reconsider hitting an industry that the u.s. has a trade

surplus with china stating china wouldn't hesitate to hit back with their own tariffs. cheryl and jerry. spirit closer look at subsidies for farmers and agricultural secretary sunny perdue sits down with maria bartiromo at 6:30 a.m. eastern time. you won't want to miss that appeared to do secretary of state mike pompeo to testify before the senate foreign relations committee this afternoon. he's expected to face some tough questions with russian president vladimir putin in helsinki last week. >> the biggest thing on everybody's mind is what did we commit to in a private meeting with putin. what were commitments made by the u.s. that's the biggest thing. >> secretary pompeo to be hit with questions about the recent war of words between president trump in the iranian leader before today's testimony. scheduled to meet with president trump this morning. >> house republicans and the two

plano package in an effort to expand their massive tax for. they want to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026. the plan also focuses on retirement and savings incentives which include an expansion of college savings accounts and access to retirement accounts for newborn baby care. universal savings account would remove double taxation on savings. amid facebook's ongoing struggle, the top layer exiting the company. >> tracee carrasco joining us with more on that another headlines. >> facebook's top lawyer is leaving the company at the end of the year. led the investigation into russian interference following the 2016 presidential election. and if facebook post he wrote there is never a right time for

a transition like this but the team and the company both incredible talent and will navigate this well. also playing a key role in the cambridge and political fallout. facebook set to report its second-quarter earnings after the closing bell today. facebook is trading higher in the premarket. >> the second major executive they've lost in the 10 weeks. way to see how that plays out. i found the trump will soon be off the shelf. spinnaker bunkered trumpet shutting down her fashion brand a top white house adviser. according to a company spokesperson come ivanka made the decision the business should be shut down and had nothing to do with the brand's performance but was based on her decision to remain in washington indefinitely. cheryl: she were so many of those outfits during the campaign that the sales actually jumped. kind of a shame.

you may be able to see hamilton somewhere else besides broadway which is still the toughest ticket in town. >> broadway hit hamilton may be coming to movie theaters. hollywood studios are heading for the rights to the musical about founding father alexander hamilton and it could sell for $50 million. the hamilton movie would not be a filmed adaptation, but instead a recording of the show with its original cast including robbery and that in the lead role. cheryl: i wanted to see a different movie version of hamilton. gerri: but i love him. having him will really make it. very exciting. thank you for that. cheryl: one california miss waking up a millionaire. a ticket worth $522 billion was sold in san jose, california. one, two, four, nate dean, 29.

the mega ball is 20. the cash payout over $300 billion. the fifth-largest jackpot in history. and before you ask me, i did not buy my ticket. trade. i can't wait on a scratch off so i don't even play. president trump's lawyer rudy giuliani slams the leak between michael cohen. david lovato rushed to the hospital revived from an apparent overdose. meanwhile, investors on trade in earnings. that's the story of the day. u.s. stock index futures down lower. s&p 500 down to .5. nasdaq and a quarter point. you are watching "fbn:am." one second.

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the go to dav.org. cheryl: welcome back. taking a look at juror markets on this wednesday. the dallas down in the premarket is that premarket is down one and three quarters. nasdaq pointing higher right now by two points. there may lovato is awake and in stable condition after a reported drug overdose that sent her to the hospital yesterday. tmc reporting she was revived

with narcan, and opiate treatment drug at her hollywood home before being transported. an exclusive source telling fox news said early reports are overdosing on heroin were false. the singer has had substance abuse issues in the past. president trump spake, brian kemp has warned the primary runoff, but a republican nominee for the state's next governor. stacy a run for november's election. president trump turning to rudy giuliani said in hate of the president and michael cohen the press adding that cuts out a crucial moment of the conversation. on the tape which has poor audio or president trump and cohen discuss by the rest of potentially damaging story. the tape was two months before the election and is given to cnn by cohen's attorney. that is what is happening right now. gerri: strong earnings by

microsoft enough about the same stocks. while facebook also deliver after the closing bell today. certified financial planner and cofounder of capital management joins us now. doug, great to see you as always. facebook, the company has every week. cambridge analytic and the company still doesn't seem to stumble in terms of stock price and earnings. would you expect today? >> will think it will beat the estimates. it is up 20% from 20% from that time enough about 40% from the lows early in march. it has come a long way and the expert patient are built into the stock race already. there isn't that much room about valuations. drink your earnings 30% bump on the bottom line. 43% gain on revenues. what is fueling all of this? is it instagram, what's up?

how do they make these improvements over and over again? >> i think they are monetizing when it first went public how they will monetize the platform. they figured that out and now it's transferring over to instagram a lot more people are going. at least the younger younger people have much were focused over there. that's for sure. let's talk about: stretch because this is the company's attorney, a key part of the company's effort to protect itself from federal investigations. he is resigning. that is the second high-level resignation and probably two months. what does that tell you? >> they've got some concerns about how they're going to handle all the fake news issues they been put up against. they've got a problem without them they need to do some things are and whether or not this is a combination of personal or things need to move a different

direction but i was on a different coast of any summoned closer who can handle things more clearly. they do need to get things under control or though how further slipups down the road. cheryl: i want us quickly about amazon. i was looking at the eps estimate of 520% year-over-year for the quarter. phenomenal. this is another bullet for tech stocks are seemingly so. would expect from amazon? >> amazon will probably take over apple at some point in terms of the largest company in the united states and therefore the world. it is hard to like this from a fundamental standpoint going back to when there were no earnings. it's hard to fundamentally like it. it's way above fair value but you cannot take away from the fact whether you're a capitalist or socialist it doesn't matter. you're ordering stuff on your iphone. it's showing up tomorrow via

amazon. trade just about the money. not about the politics. amazon and apple are on the layer now my friend. we have seconds left. asking about the universal savings accounts. this would essentially remove a second layer of taxation for savers. >> are one of the biggest fans of roth iras this expansion of without the limitations were perhaps income or limitations. they'd be much more freer. i know people from canada and they love these. if this is a caveat to be fantastic and great for people with savings for the future. cheryl: redeemer savings. that's for darn sure. the d.c. this morning. >> absolutely, you two. cheryl: wildfires continue to burn out west. in the heart of yosemite national park now closed.

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cheryl: breakages speared ices cruder sounds really for the deadly shooting in toronto. the 13 injured sunday night.

the man struggled with severe mental illness. cheryl: wildfires continue to rage across maricopa county, california forcing yosemite national park to be closed. smoke from the fire has prevented visitors from joining and officials are now warning people to leave the area as soon as possible. >> get yourself out if you can. we are fully engaged. authorized inside yosemite. >> since the fire started two weeks ago, 3000 firefighters have been working to get it under control could the fire is still 26% contained. >> worry about the spake ancient trees there. extreme heat and parts of arizona, california, texas hitting triple digits. to that flash flooding up another east coast. high water rescues in north

carolina. flash flooding in baltimore. the entire region hammered by storms. in the west, severe flooding. >> janice dean has been tracking all of this. it is just nonstop. >> the heat across the western flooding across the east. stretching from the northwest down toward southern california and the southwest. phoenix had a record yesterday. 116 yesterday. 115 today and will start to see temperatures go down a little bit. also get the monsoon moisture they typically like to see. setting u.s. still very warm. texas, oklahoma across the mississippi river valley. coming back this weekend with some showers and thunderstorms and this brings relief. flooding across this area is.

speaking of flooding once again the threat for heavy rainfall across the mid-atlantic. the tributaries can't take any more water. upwards of three to four, even five or six inches and will start to relax a little bit as we head towards the weekend. for now we have flood warnings in effect. the national weather service seller says turnaround, don't drown. if you don't see the bottom of the ground, don't travel through the water. a lot more coming out good president trump offering farmers $12 billion in subsidies to offset tariffs. our subsidies the way to go? what is the endgame? and then there's a new way to have mayonnaise for dessert.

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>> farmers will be the biggest beneficiary. we are opening up markets. just be a little patient. >> reagan is this morning. president trump offering farmers $12 billion subsidies to offset tariffs as they get set to meet with president at the european commission. can they make a deal? >> investors focusing on a day

of earnings. boeing, coca-cola set to report along with gm, ford and facebook. >> the dow up nearly 200 points yesterday. >> i have all these earnings and trade coming out, dow is down two points. nasdaq up 1.5. >> stocks have been mostly lower as they await the outcome from president trump. stocks in asia makes. hong kong the big winner. the hang seng up 1%. >> my favorite story, new way to have mayonnaise for dessert you're not going over well in social media. "fbn:am" continues right now. 5:31 a.m. in new york on day, july 25th or good morning

gerri willis and for lauren simonetti. cheryl: good morning, everybody. i'm sure up to sunday. trump administration announcing a plan to provide $12 billion in emergency aid for farmers. trade disputes continue between the u.s. and other countries including china. the administration says the plan is meant for short-term relief of president trump worked on trade deals. programs take effect around labor day, but some farm state lawmakers are very critical of the plan across the aisle. the president is holding a trade meeting with european commission president jean-claude juncker today. the european union is coming to washington tomorrow to negotiate a deal on trade. i have an idea for them that the u.s. media may drop all tears tears in subsidies and the called market in fair trade. the spring and jesse james, retired during corcoran or a sergeant and research senior file as follows jason ault meyer, pennsylvania democrat.

let's start with what's going on today as far as the president coming in to meet with president john. the president does not going to give them what they want. this is the last chance to cut a deal. you think they are willing to do it? >> it's been highly resistant. america products are working very well for them. we're not going to continually allow this deficit that's impacting americans in a negative way. you're they're going to remember terra salerno cars. the treat that went out yesterday. i'm hopeful the e.u. is realizing this is not a president mincing his words. his clear a strength workout arrangements to the advantage of the american people, not the

disadvantage of the american people. >> at the same time, the president has been criticizing me for all for nothing approach. we've got the e.u., china, mexico, canada. is that kind of a danger for the american economy? >> these tariffs by themselves are bad public policy of retaliation occurring is bad for america. one of the things you're seeing is the agriculture bailout. there's $12 billion of taxpayer money. we have to borrow the money, added to the national debt and the largest holders of the national debt or foreign countries than china's is the largest. so it really largest agriculture.

whirlpool yesterday had the worst day in the market. worst day in 30 years and they were one of the biggest cheerleaders for the president's tariffs. he's getting criticized by both sides of the isle listening to two liters from both sides of the aisle. this is an effort to staunch the bleeding a little bit. he's been foolish. before we start we need to wait and see how all this plays out. >> event kevin cramer has been one of the president's biggest supporters. this is the wrong way to go for american farmers. >> i find it hypocritical on average. $20 billion a year is spent on

farm subsidies. where has the protests been then? the polygon to show today's indicating this is taking taxpayer dollars. would it be done to stop the tariffs and subsidies before democrats. he's done nothing. you've allowed it. as long as your party was pushing forward your borough on trade off for the taxpayer's push into the farm program instead of insured group that the subsidies. cheryl: where business suffered just as bad to say. a lot of wall street analysts had trade for terrorist and the fallout we are talking right now about soybean and sort them. we come according, pork, poultry. >> that's the problem. it is necessary now because agriculture good or what is the retaliation of the day.

these countries are not going to stop there. they will continue along this line. we need more and more taxpayer money to bridge the gap until the policy is discontinued are the only way out of this. terrorists are just bad public policy. it's bad for america and terrible for american consumers. >> it'll take us right into the midterms. jesse and jason, which read more time time. thanks for being here. make sure to tune into "mornings with maria" today. maria will have big interview. agricultural secretary sonny perdue to interview airing 6:30 a.m. eastern time. >> meanwhile, millions of americans are cutting the cord this year is turning into another form for viewing. >> tracee carrasco in the morning. >> according to new forecast, 6 million worked tv viewers will cut the cord in favor of streaming services like netflix and julio and a number of those

who canceled their pay-tv is good to climb this year to 33 million. the report says the reason more people are cutting the cord that services are offering compelling and affordable licenses without the need for installation fees or hardware. also, pouring billions of dollars into their original content. very appealing. >> the entire way to review were content. transfer you do pay for these. >> you're paying for everything. another recall. >> voluntarily recalling 7000 cases of the taco bell cheese dip over botulism concerns for the recall includes 15-ounce jars of the talk about salsa con case. dates ranging from october

october 31st 2 january 23rd, 2019. botulism is rare and can be a potentially fatal form of food poisoning. it can also cause paralysis. very scary. gerri: what ever happened to the stereo? >> what about the mayo. >> i don't know if this is good news. an ice cream shop in scotland has come up with unusual new flavor. social media response has been mixed. some people say kind of like custard. others are flat-out disgusted by the idea. the whole ice cream thing sends shivers down my spine. so now there is a screen. what else can go wrong. >> the world is coming apart.

>> i think it might be good. >> crazy flavors. they've got a monster energy drink flavor as well. this is kind of the thing. >> i think they like the promotion. thank you. >> coming up. a surprise ruling from the liberal ninth circuit court in standard cisco on carrying guns in public. our next guest cause the trade dispute a black cloud hanging over markets. meanwhile, check the u.s. stock index futures right now. the dow down five. the nasdaq down to. you are watching "fbn:am." ♪

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>> 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. there's no mom. there's no brittany. because as, bs and os determine your blood type. and we're missing all of them. schedule your donation at redcrossblood.org

trained to take another picture wednesday markets we are looking at a mix, kind of flat open to doubt and open to the data recovered as to be open to doubt and three, s.b. down two and a quarter. not that the bright two. a dam collapse and laos has killed 19 people with more than 3000 in need of rescue. hundreds are still missing after a wall of water swept away

villagers. rescuers continued to search the muddy floodwaters for survivors. 40 six-year-old calvin donald is going to replace the president and ceo of the americas for support since 2013. going to take his post on august august 20th. this is interesting. the liberal ninth circuit court of appeals. the decision start another court argument that the second amendment is protected in a person's home. a pro-second amendment decision. get back to the lower court decision to spend california stand on the possession. kind of a surprise. gun activists are loving it. over to you. >> take in the tit-for-tat dispute between the u.s.-china. at least for now. our next guest says hey there's a warning here.

john layfield is a fox news contributor. great to have you. thanks for coming on. you say that tariffs are a potential dashed over a potential trade for or a black cloud for markets. the market on fire. the dow was up 38% since the election. we haven't seen a big impact it would've been talking about tariffs for literally months now. >> is part of a negotiation to which i hope it is. when a trade for is no longer a threat it's actually happening. that's becoming serious of overseeing right now. one black cloud on the horizon is what can happen with these terrorists. this economy is on fire. earnings about 20% higher than earnings season. fostering season with the highest in 25 years. 35% to 45% will come from the

tax cut. gerri: of qatar right. i wonder which is your friend sounds from the president in his analysis of why we need these terrorists. listen. >> what the european union is doing with us is incredible. they made $151 billion last year. trade deficit with the european union. they sound nice but the rest. all coming in to see me tomorrow. >> doesn't the president have a point? this is not an even playing field. should the u.s. do something about it? >> i think if you listen to art laffer in the reagan years. we're going to have a trade deficit.

it's not all it seems. look at the apple. only about that is made in china through the trade deficit is not exactly as it seems and sometimes trade deficits are not. >> this is a company caught in the crosshairs. designed in california, assembled in china. china is the biggest market for apple iphone could the second-biggest compared to the u.s. what happens to apple in all of those? this is a favorite of investors. >> lobbyists are busy right now. half of the apple revenue comes from between china and the united states. 90% of smartphone sales in china are from apple. apple right now is very vulnerable to what is going on.

cheryl: absolutely. quickly to the subsidies. the president is proposing today for farmers. taking a lot of flak. where does this stuff if we start offering subsidies to companies in people and businesses getting hit by these terrorists. >> it should take a lot of flak. the depression era program designed basically to get around congress to subsidize things like farmers directly. this is what is so bad about these terrorists. are we going to subsidize everyone affected? these in my opinion are a terrible idea. it's different with the e.u. you can just negate all terrorists. >> great to talk to you. >> we are going to do. a new contract for todd gurley shatters a record.

the new york yankees sequester imacs coming up. right now the dow was up three in the premarket, s.b. don't want to the premarket, s.b. down one and a half, nasdaq up three and three quarters. you are watching "fbn:am." ♪ ♪ ♪ build and run apps anywhere you like, while keeping your competitors at bay. the ibm cloud. the cloud for smarter business. 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. fidelity. open an account today.

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cheryl: where breaking erythematous sadness for the auto world. the holding company says fiat chryslers long-term former ceo sergio marky on the outside. days after announcing his condition had worsened after it underwent surgery on his right shoulder.

he was a cheap suv and truck division was named a new ceo. just 66 years old reporting has suffered an embolism during the surgery. for the second night in a row, a no-hitter into the late innings when it got strangely interrupted. >> chert max with the story. >> repeating upon stealing allen's debut pitched a no-hitter for seven innings but was taken out of the game to preserve his arm. last night, watch what happened. austin had blocked off the challenge to throw a no-hitter. i meant to say cincinnati's great american ballpark became great american fire alarm. i'd start flashing, making it delayed seven and a half minute then after the outbreak in action, and one out into the southern. so the cardinals won in 11 innings 42.

bases loaded, two outs. at the plate they call him out. meanwhile, carlos pulls up and running to third base so they get him. three outs, four outs. they determined the runner at the plate is safe. what about the fourth out? he is out. they wind up losing to the mat six to three. not like the yankees needed help with the last night completing three of three of the yankees get closers back britain from the baltimore orioles. yankees get five of the red sox. have you noticed the increase in guaranteed money and nfl contracts lately? todd gurley gets a four year deal for $60 million or to record for running back on the 60,000,045,000,000,000 guaranteed. it's football.

lebron james led cleveland but kevin love is staying. a four year deal for 120 million weird twice as much to play football. 16 saves in the tour de france. farmers protested that they threw bales of hay onto the course. a teargas would have been intime ready by then got blinded. they had to be medically treated. belgium takes this. tumble over the wall. get this, he wasn't seriously injured and even got back on the bike and started filling. >> that's a fracture. >> they are also close together and look so dangerous. thank you for that. you can catch sports reports on fox news headlines 24/7 unserious xm channel 115.

trains are coming up, sat breaking news we just received fiat chryslers long-term former ceo of sergio marky owning has died. we will get reaction from london straight ahead.

cheryl: while again, breaking news or write to for a moment ago. the holding company of fiat chryslers eeo sergio marchionne

has died. fiat chrysler announced his condition had worsened after he underwent surgery on his right shoulder a few days ago. michael used in at cmc markets us. good morning. your reaction to the news about sergio marchionne. a real force in really did amazing things for the company. >> s., absolutely. and who doesn't return the company are up for a multibillion-dollar accompany this now. he was asked by president obama to take over chrysler bringing the company back from the brink and he obviously is a big fan of the ferrari brand as well. also not too much in the price given the fact we heard the news earlier this week that he was a result of side effects from

operations. very sad news of someone 66 years old. gerri: brings to mind michael manley the fella taking his place. we know him as the head of jeep. is he up to the task? >> that's a big question at the moment. i think investors are still absorbing the news. the big question is whether or not they will delay the announcement put in some form of succession plan. with respect to the management progression from here. the next 24 hours, 40 hour should be a better idea. >> will they delay their earnings out of respect for sergio. thank you for being with us this

morning. >> now over to maria bartiromo for mornings with maria. good morning to you. >> kader, ladies. import reaction. i maria bartiromo and happy wednesday. your top stories right now 6:00 a.m. on the east coast. breaking news this morning. fiat chrysler, former ceo of sergio marchionne has died yet he was a place over the weekend amid complication from a recent shoulder surgery. this morning will be one of the biggest so far for second-quarter earnings. boeing, coca-cola put it ahead of the open this morning. facebook will drive the action in import markets tomorrow. meanwhile, rising trade tensions. president trump holding a high-stakes mini with the president of the european commission amid the standoff

over auto terrace did the president reiterating his call to make new deals. >> the way we keep america great is to make at least reasonable. i'm not saying at least reasonable. the least fair trade deals, not trade deals. we are changing it and we are changing up rapidly. >> the administration helping america's farmers this morning already coming under fire. breaking down the key issue strata had. futures indicated a fractional gain trading for the dow industrials. nasdaq up six points right now. dow in s&p 500 close to gains yesterday. the nasdaq was flat yesterday. three quarters of 1%. the european markets like this. down 40 points. cac in