we leave you with the dow industrials out of the way. i thought we would be gaining ground but -- there you have it. connell mcshane in for neil today. connell. take it. connell: stuart, thank you very much. a lot more breaking news we expect next couple hours. connell mcshane filling in for stuart on "cavuto: coast to coast" t has been an interesting day with all the news out there. the dow is only up by 11 points. you certainly had what we had friday, fears of a global slow down everybody is talking about. you work in the wrap-up of the mueller investigation and now some of the headlines from overseas. industrials leading the way with boeing, caterpillar on the rise, among the dow stocks in the green. we'll look into the red as well. still any worries about the economy slowing down and some of that red showing up on the screen. one thing we did notice over

last few minutes, stocks pared back what were gains. headline came across of israel striking back. strikes in gaza reported. there was word from the middle east that you could hear some of those rockets being fired. now we may hear more from president trump on that very topic. remember the israeli prime minister benjamin netanyahu has arrived today at the white house to meet with the president. so lot going on there at 1600 pennsylvania avenue. let's bring in blake burman. at the white house. where we're focused on this meeting but i'm sure everybody works with or for the president is pretty happy today. hold on a second. before i go to blake. we have the president and prime minister benjamin netanyahu now about to speak. obviously let's listen in to this. here's the president. >> please come.

sarah, come. everybody can come. it's a big moment, very important moment. my honor to welcome prime minister netanyahu to the white house, very special man. done a great job. i want to begin by expressing our condolences to the prime minister and the people of israel for the horrific hamas rocket attack on israeli homes this morning which wounded seven civilians at least, including numerous children. our prayers are with our friends in israel as they carry out an incredible way of life in the face of great terror. the united states recognizes

israel's absolute right to defend itself. the despicable attack this morning demonstrates the significant security challenges that israel faces every single day and today i'm taking historic action to promote israel's ability to defend itself and really have a very powerful, very strong national security which they're entitled to have. in a moment i will sign a presidential proclamation recognizing israel's sovereign right over the golan heights. the state of israel took control of the golan heights in 1967 to safe guard its security from external threats. today aggressive action by iran, terrorist groups in southern syria including hezbollah continue to make the golan heights a potential launching ground for attacks against israel.

very violent attacks. any possible future peace agreement must account for israel's need to defend itself from syria, iran and other regional threats. we do not want to see another attack like the one suffered this morning north of tel aviv. in our meeting today the prime minister and i will discuss these dangers as well as several mutual priorities in the middle east and beyond. we'll be discussing other subjects also including trade but we will mostly be discussing this defense and perhaps offense. under my administration the unbreakable alliance between the united states and israel has never been stronger. you read things, you hear things. it has never been stronger, just remember that. people talk. but it is only talk. our relationship is powerful. at this moment the american embassy stands proudly in

jerusalem, the capital of the jewish people have established and they wanted the embassy for many, many years. for many decades, frankly through many presidents. we got it done. not only did we get it done, we also got it built at a slight cost savings about one billion dollar cost savings. i want to thank ambassador david friedman and jason greenblatt and jared, they worked hard. thank you very much, am ambassador. are you enjoying it. >> and america. >> and america. i was waiting for him to say that we defeated the caliphate in syria. we have withdrawn from the horrible iran nuclear deal and imposed toughest ever sanctions, these are by far the toughest ever on the iranian regime.

it is having a big effect. iran is not the same country that the it was i took office. the day i took office we had threats all over the middle east and beyond. iran is a much different place right now than it was. as i said during my state of the union address we will not avert our eyes from the dictatorship that chants "death to america," death to israel, and calls for genocide against the jewish people. we won't let them even consider that. we will confront the poison of anti-semitism through both our words and maybe even more importantly our actions. in the last century humanity witnessed the horrific consequences of anti-semitism and in a world without a jewish homeland. in the wake of those unthinkable horrors, the jewish people built

a mighty nation in the holy land, something very, very powerful, something very special and important. today israel demonstrates that incredible possibilities when strong, sovereign, and independent nations chart their own destinies. there can be no better example of greatness than what israel has done starting from such a small speck of sand. israel is an inspiration, a trusted ally, and a cherished friend. the united states will always stand by its side. i would like to now invite prime minister netanyahu to say a few words and bebe and i have known each other for a long time. he's another one who truly, truly loves israel. i think i can say he also loves the united states. so before i sign the presidential proclamation recognizing israel's sovereignty

over the golan heights i would like to ask prime minister netanyahu to say a few words. thank you very much. thank you. [applause] >> mr. president, and dear friend, donald, you have shown consistently, incredible support for israel, for our right to self-defense. when we exercise that self-defense you have never flinched. you have always been there, including today and i thank you. yesterday a rocket was fired from gaza deep inside of israel. it hit a home north of tel aviv. it wounded seven, including two small children. and miraculously no one was hurt, no one was killed. israel will not tolerate this. i will not tolerate this and as

we speak, as i told you, mr. president, just now, israel is responding forcefully to this wanton aggression. i have a simple message to israel's enemies. we will do whatever we must do to defend our people and defend our states. after this meeting i will return home ahead of schedule to lead the people of israel and the soldiers of israel. but before i go, mr. president, it was so kind of you to invite me to come here. it was so important for me to come here to the white house and to thank you. mr. president, over the years israel has been blessed to have many friends who sat in the oval office but israel has never had a better friend than you.

you showed us time and again, you showed us when you withdrew from the disasterous nuclear deal with iran, i remember in one of our first meetings, this is horrible deal. i will leave it. you said it. you did it. you showed it when you restored sanctions against a genocidal regime that seeks to destroy the one and only jewish state. you said, i will restore those sanctions. you said it, and you it. you said it when you recognized the jerusalem as the jewish capital and gave us an great ambassador there. you said it, you did it. and once again today, mr. president, with your official proclamation recognizing israel's sovereignty over the golan heights. mr. president, ladies and gentlemen, this is truly a historic day. for two decade, from 1948 to

1967 syria rained deadly fire from the golan heights from israel's citizens below. a generation of israeli children lived in constant danger. and then in two glorious days, in june 1967, the brave soldiers of israel scaled those daunting heights and liberated the golan. this has profound meaning for all israelis and for me personally. one of those brave soldiers was my brother who was wounded in battle three hours before the end of the war. a few years later as a officer in a special unit i led my soldiers into covert mission into syria. as we came back to the golan, to israel, we nearly froze to death in a blinding snowstorm while, as you can see i'm still here. but at that point in 1967,

israel seized the high ground which has proven invaluable to our defense because in 1973, syria launched a surprise attack against israel. those same golan heights proved to be enable us to absorb the initial attack. it was a horrific attack. successfully counterattack the invading syrian forces. within three weeks we were at the gates of damascus. outmanned, outgunned, our brave soldiers triumphed after the one of the hardest fought tank battles in our history. while israel won those two wars, we would have to wait nearly half a century until this moment here this in this room to translate a military victory into a diplomatic victory. that is why, mr. president. >> your decision to recognize israel's sovereignty on the golan heights is so historic. your recognition is a twofold

act of historic justice. israel won the golan heights in a just war of self-defense and the jewish people's roots in the golan to back thousands of years. in the long sweep of jewish history there have been a handful of proclamations by non-jewish leaders and on behalf of our people in our land. cyrus the great, the great persian king, lord balfour, president harry s. truman and president donald j. trump. and you, mr. president, mr. president, you have done it not once but twice with your bold proclamation on jerusalem and with your bold proclamation today on the golan. your proclamation comes at a time when the golan is more important than ever for our

security. when iran is trying to establish bases in syria to treich at israel. from across the border in syria, iran has launched drones into our airspace, missiles into our territory. mr. president, just as israel stood tall in 1967, just as it stood tall in 1973, israel stands tall today. we hold the high ground and we shall never give it up. mr. president, we have a saying in israel, i will say it in hebrew, it says -- [speaking hebrew] that means the people are with the golan. but thanks to you, we now know that there are two peoples who stand with the golan. the people of israel and the people of america. so on behalf of all the people of israel thank you, president trump, thank you for your

leadership, thank you for your friendship, and thank you for all you have done to make the alliance between america and israel stronger and greater than ever. thank you, mr. president. [applause] >> thank you. thank you very much. [inaudible]. this was a a long time in the making. should have taken place many decades ago. [cameras clicking] >> maybe you can give this to the people of israel? >> thank you.

[applause] >> after signing this proclamation, recognizing jerusalem will include separation of jerusalem? will you give -- >> right now. we're talking about this. reporter: do you want to see prime minister -- >> mr. president i have to tell you that, i brought you a case of the finest wine. i understand you're not a great wine drinker, but i will give it your staff. hope you don't open it. reporter: mr. president, do you, mr. prime minister -- reporter: mr. president? connell: president trump alongside prime minister of

israel, president trump, signing a proclamation which proclaims united states support over israel's sovereignty over the disputed golan heights. that happened live at the white house, as we about to go to blake burman for the a report, president being cleared of any conspiracy with the russians, to do with regard to the mueller investigation. there was no discussion at all. the president on to the news of the day. in this case foreign policy with the prime minister of israel today? reporter: starting to hear the white house make the case today, connell, it is issues that should be focused on now that the mueller report is in the past. now that the mueller report came out said there was no collusion by president trump in his campaign with russia. though democrats up on capitol hill pointing to the fact that the mueller report wouldn't necessarily exonerate the president as relates to obstruction of justice. there are calls for democrats on capitol hill for the full report being released to the public.

white house is saying they're for transparency. they are making the case there are other issues out there, potential issues of executive privilege. grand jury testimony, which isn't supposed to be put out to the public. intelligence sources and methods potentially in that document. while the white house says they want it out. they say some of it has to be protected. the attorney general, bill barr will make the final determination on that. so many headlines here, connell. you can talk about the mueller report, talk about the news of the day which we witnessed president signing that proclamation saying that the united states will recognize the golan heights as israeli sovereign land. as you heard some of the history there, to 1967 which israel took claim of that territory and you can fast forward some eight years later president gerald ford wrote to itsak rabin, that the u.s. would not draw any

formal conclusions who would control that land. james baker, secretary of state in 1991 who reaffirmed the position. last week, wednesday or thursday, president trump sent out a tweet seemingly out of nowhere, he would formally on behalf of the united states recognize the goal lawn heights as part of israeli land. you saw the presidential proclamation there. some are wondering if there is any political ramifications considering benjamin netanyahu has an election coming up two weeks from tomorrow. so many headlines on a day in which potentially the biggest of them is the white house feeling exonerated and vindicated of this mueller report. connell: i'm sure they do. we'll talk more about that as we go on. blake burman at the white house. the timing is quite interesting because it was literally happening at the same time we were hearing headlines from israel, that israel last striking back at hamas targets on gaza strip. prime minister benjamin

netanyahu referred to that in his remarks, israel was responding in his words forcefully to the over the weekend to the aggression which rockets were lobbed into gaza strip, striking near tel aviv and wounding seven in a home there but the israeli democracy institute president joins us now on what all this means going forward. boy, that was something to see the prime minister appearing alongside the president, leaving that on his schedule before rushing back to israel. so i'm sure it was important to him to make that appearance and to make those remarks here in the united states, right? >> yes. this appearance is extremely important. it send as very strong signal to the middle east. the united states backs israel vis-a-vis the syrian front. in the syrian front today we have iran that is trying to establish itself as radical force not only in the region but on the backyard of israel's border, close to the golan heights. we have hezbollah that has declared policy of annihilating the state of israel basing

itself next to the golan heights in syria. america standing by israel. reaffirming israel holding on to the territory, extremely important but both sub -- substantively and symbolically. connell: could you talk to us about a couple weeks out before the election, expected to be a close election is that right, for benjamin netanyahu? >> election for is rail in first time perhaps in a decade is close call between mr. netanyahu and main challenger, the former chief of idf, major general benny ganz. it's a very close call. this issue of the golan is complete consensus among both candidates. both understand the strategic importance of the golan and people in ganz's party were

pushing towards that decision. substantively it doesn't drive a wedge between any of the parties and majority of israelis support it with enthusiasm. of course presenting such a decision two weeks before the election might give mr. netanyahu some boost as supposedly the prime minister was responsible for securing this achievement. connell: all right. we'll keep an eye on the headlines throughout the region. israel striking back at hamas targets in gaza as this is happening in the u.s. thank you for coming on. we appreciate your insights today. let's get back to wall street for a moment. it has been an up and down day for the stock market as reaction comes in to all the crosscurrents out there, slowdown in global growth, questions about what the federal reserve will do with interest rates or even the big headline over the weekend from the mueller report with the president cheered of any conspiracy with the russians. former u.s. attorney for the southern district of florida is with us today, guy lewis, and

charlie gasparino is here also in studio. okay, guy, let me go to you first. there was actually more news in the middle of everything else that was happening there when we were live with benjamin netanyahu and president trump and that was fox news confirming something that's very, very interesting with regard to the mueller report. it turns out that three weeks ago, according to the reporting of fox, the special counsel, robert mueller told both the attorney general bill barr and the, and rod rosenstein that he would not be able to reach a conclusion on obstruction of justice. that is one of the things talked about a lot. there was no conclusion reached t has been known for apparently three weeks within the department of justice that was going to be the case. what do you make of that? >> a couple of things, connell. one integrity of the process. if you think about this, this kind of news didn't leak. it wasn't in the newspapers. that tells how tightly the

information was being held and how much integrity attorney general barr, rosenstein an mueller have in terms of the back and forth. the second thing quickly, it tells you there was a dialogue. they were talking about this, which is exactly what you want in terms of the prosecutor who is having to make the ultimate case and the ultimate decision on the case which is general barr and investigators bob mueller and his team. connell: charlie, you were saying? >> it actually did leak. three weeks ago i ad my producer lydia call up mueller's office, we understood from people within the white house, the way we heard it the report was delivered and mueller was sitting on findings okay. they can deny that, because the report physically wasn't delivered but they were clearly sitting on findings. we called up mueller's office and mueller's office through

someone at fox, dc, denied it. this stuff started to leak thee weeks ago. connell: it wasn't reportable at the time? >> when someone tells me i'm wrong, i need to be 100% sure they're lying to me but it was leaking out. there is no doubt we got that tip. i got that from someone close to president trump that they knew something, they even knew the gist of it cohn cohn right. >> i say this, bad news for trump, there are many investigations going on. the southern district of new york is looking at his business practices. new york attorney general which has something known as the martin act which is a very strong anti-corruption law. they can indict you for ham sandwich looking at him, attorney general cy vance is a democrat. southern district is nominally run by the white house but it's a not, but the good news is this -- connell: good news is he cleared

on this. >> in terms of the remaining investigations those charges are very difficult to bring. someone who covered a lot of white-collar crimes, the bar for intent on financial fraud is very high. the other thing the statute of limitations will be in play on a lot of this stuff. if you combine that with what happened yesterday which they found no collusion. connell: right. >> obviously they didn't indict him for obstruction no matter who phrased it. this is big battle over semantics of this, barr, he neither exonerated or didn't charge. there was that one line, he wasn't exonerateed. connell: barr made the decision not to bring the charges. guy lewis, there is no other take on this other than this was a huge political win for the president? any questions that you have going forward from this day though? >> well, i agree in terms of it is a home run with the bases

loaded. having prosecuted cases, having defended cases, when you get notice, when you get the phone call from the prosecutor's office saying that we're closing out the case and there will be no charges brought? how can, how can you argue that it is anything other than a huge win. >> let me push back a little bit. they did not quite say that. first off, we should point out, i think it's a big win for the president, don't get me wrong, i never thought much of the collusion stuff, what they were bringing against roger stone. remember what he said. he was not, mueller's office saying they would not indict a sitting president, but in this report he did not exonerate him on obstruction. connell: mueller didn't. decision left on the attorney general. >> who works for trump. connell: still up to him. >> my point is, the guy most independent here is mueller. the most independent guy in this debate did not give him a home

run on the obstruction. connell: commercial. >> it wasn't just barr. it was barr, rosenstein, pummeled by the president for weeks. >> come on. >> excuse me, who have been in the white, who have been in the department of justice for years and years, who has looked at these kind of cases. i have yet to see the evidence. >> why would mueller say that? why would throw that out there. connell: got to go unfortunately. has to be real quick. we spent so much time on breaking news for the president. let this be the last. >> i firmly believe mueller doing exactly what an investigator should do, pass the evidence to the prosecutor and allow the prosecutor to make the decision, something that was not done in, not done in the hillary clinton case. >> he made a statement. connell: said he wasn't

exonerated, the decision left up to the attorney general, essentially and to the deputy attorney general. anyway, guy, thank you. charlie, thank you. we'll stay on top. a lot of news today. whether we what talked about, the market being up and down. the global growth story from friday. you remember that? how about an interest rate cut from the federal reserve. is that the next move? we have things we want to talk about there, everything you need to know about apple and what they're to unveil today. we'll be back after a quick break. "cavuto: coast to coast". with my friends to our annual get-together, especially after being diagnosed last year with advanced non-small cell lung cancer. (avo) another tru story with keytruda. (dr. kloecker) i started katy on keytruda and chemotherapy and she's getting results we rarely saw five years ago.

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connell: more breaking news. new comments from president trump from the white house. he is speaking about the mueller report. we saw him speaking live with israeli prime minister benjamin netanyahu. after that press pool taken into event. we believe we will have played back to us. you will see what the president said about it. following the release of the moments report, some people have

done in president's words, treasonous things to the president of the united states. he should be looked at that he said it wouldn't bother him if it was. he also said he has no news to report on any pardons. president trump speaking after the mueller report was released. we should have play back of the comments any moment now. we'll give them to you then. meantime as we look at markets, stocks have been up and down today. we were down one point triple digits. we're down 12 points on the dow. we're up, as in asia markets tumbled. that followed through what happened on friday, all fears of the recession with the inverted yield curve being at the top of the news sparking new fears of a recession. we talked about the wonky nature of all this, look at long-term yields falling below rate of short-term yields, many times that signals we're headed to an economic recession. bring in from "barron's" senior

reporter mary child, and former dallas fed advisor danielle dimartino booth. we may have have to break in to go to the president, if we do we'll got back to it. everyone is an expert on yield curve. it does especially the inversion, it gives us signal of economic slow down or recession, is that right. >> it is. very few indicators actually do tend to lead a crisis or recession. this actually is one. stuart: tell us why. >> inspectors expect near term rates are going up over. you're supposed to get paid more for that, but because more people are expecting bad things to happen in the short term they're demanding more premium for the short-term loan. connell: right. >> basically you say things will happen in the near term. the reason this could be less of an indicator now, people always want to discount why this means recession tomorrow, in this case there has been so match niplation bit central banks

globally. so if you have the indicator that says a slowdown or recession is for sure coming saying this time it may be different because there has been so match niplation. connell: that is good point. >> stories a month ago, rate cut probabilities were 11%. the news here is how quickly risk happened. we started out the week with have, 28% thought there could be a rate cut at thought beginning of last week. in space of five trading days that doubled. how quickly market got jitters where glass is half full, all af

sudden it is half empty. you talk to veteran market players doing this their entire careers they will tell you there is never been such emphasis on the yield curve as there is right now. but as mary said -- connell: why? >> because, we have had the federal reserve in unprecedented clip manipulating our interest rates. so it is very difficult to find signals when you have so many printing presses worldwide that are holding rates at a lower rate than they otherwise would be. so it is harder to read the tee leaves as it was before. but definitely the moment on friday morning. definitely the headline out of germany. we saw the largest decline in over a decade in backlogs in german manufacturing, powerhouse, and backlogs is just a fancy way of saying future demand. in other words we're looking at demand slowing today but also slowing in the summer. recession in europe is something

we can't take too lightly. connell: that is always the question. mary, we have a minute until the president starts speaking so i'm told, whether that recession or big time slowdown in europe spreads here or whether we're the safe haven from it, that is what people seem to be debating. >> absolutely. that is a really good point n 2011 people sorted rushed to quality, rushed to u.s. treasurys even as the u.s. treasury got downgraded as you recall. connell: yeah. >> that dynamic is really important here. but that said, globalization as the economist said, turns out unavoidable many in ways, weak factory date, things coming in many ways, yield curve is terrifying to investors but confirming what they already know that economic date is coming in weaker. connell: gives us cues to pay close attention to the bond market which we should do. we're always stock obsessed. mary, thank you very much. danielle, thank you as well. we're going back to breaking news where president trump is

meeting with prime minister of israel benjamin netanyahu. he made new comments on the release of the mueller report. reporter: mr. president, did this turn out not to be a witch-hunt after all? you think robert mueller -- >> lasted a long time. we're glad it is over. it is 100% the way it should have been, gone a lot sooner, a lot quicker. a lot of people out there have done some very, very, evil things i would say treasonous things against our country. and, hopefully that people that have done such harm to our country, we've gone through a period of really bad things happening. those people will certainly be looked at. i have been looking at them for a long time. i'm saying why haven't they been looked at? they lied to congress, many of them. you know who they are. they have done so many evil things. i will tell you i love this country.

i love this country as much as i can love anything. my family, my country, my god. but what they did, it was a false narrative. it was a terrible thing. we can never let this happen to another president again. i can tell you that, i say it very strongly. very few people i know could have handled it. we can never, ever, let this happen to another president again. thank you all very much. [shutting questions] >> let's go. [reporters shouting questions] >> thank you very much. >> time to leave. time to leave. [reporters shouting questions] >> thank you very much. press. let's go.

[reporters shouting questions] >> attorney general but wouldn't bother me at all. up to the attorney general, wouldn't bother me at all. >> let's go. thanks, guys. let's go. >> [inaudible] connell: president trump in the oval office sitting next to the prime minister of israel, benjamin netanyahu. as far as i can tell, from what we were told by the press pool, the last comment, the question i believe proposed to the president was about the release of the full mueller report. you heard him say there, it is up to the attorney general, but it wouldn't bother me at all. wouldn't bother me if it is released. before that strong words from president trump, talking about people he says who have done evil things, in his terms, treasonous things, that people need to be looked at, in the

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>> we're glad it's over. it is 100% the way it should

have been. i wish it could have gone a lot sooner, a lot quicker. a lot of people out there have done very, very evil things, very bad things, i would say treasonous things against our country. connell: president trump moments ago in the oval office, saying this type of thing should never be allowed to happen to another president again. talk about with democratic commentator danielle mcglocklin, here in the studio alongside city council minority whip joe borelli. we've been wondering the next phase in all of this, joe. a good day for the president yesterday, as good as it could be politically. >> he certainly woke up this morning with a extra spring in his step. connell: now the next step is going after those, have an investigation into the investigators, so to speak. what do you make of this? >> look how long, if you were someone who happened to watch another network, look how long people saying there was no collusion, something fishy from the investigation to the start, those folks were relegated to the conspiracy theorists and

tinfoil hat wearing part of the panel. come full circle, how many anchors didn't follow up out there when guests were saying there was evidence of collusion, when in fact there was no evidence of collusion. i have no problem president opening up new front seeing where the investigation ban in the first place, what is the evidence that led to the fisa warrants, these are the things democrats should want to see. connell: interesting, danielle, we can talk about this, how the democrats should, quote, unquote play this, a lot of people are asking those questions, hey, y'all said bob mueller should be trusted. he comes out with the investigation, do we accept the results move on of the democrats say, no, no, we can keep investigating. as we heard from the president, and he wants to go after the people that came after him. >> i think his base will be excited about the idea there might be political vengance going after democrats, going after congress, people and others in the media, who said there was collusion or suggested

there was without any proof from robert mueller. but he has other things to do. he has two years to get reelected. i think his better approach, frankly democrats as well, focus on issues because i think nancy pelosi was smart saying we're not going to impeach. she set that aside. i think democrats will run on issues. connell: they won in the midterms on that, right. >> health care, health care. connell: it was many times moderate democrats who did well in the midterms but that is not what we've heard here the last few weeks which to your point, speaking pelosi might be getting a little nervous what she is hearing inside her own party. seems she is trying to get control of that. >> so interesting, when you think about it, lead-up to midterms, democrats talking about issues matter to voters. republicans have to admit, democrats run on health care and that is issue they run on with some success. era of aoc, people driving message of the democratic party, her and ilhan omar, in is

flatulent cows, and taxing rain from governor phil murphy. that is the issues they need to talk about. connell: that is fair point, it has been made last couple days, the focus from the democrats need to be back on what you say, go with what got you here. what got them there in the mid terms to your point, joe's point was the issues. >> the holy trinity, health care, economy and immigration. those are the issues that came out of the 2016 election. we saw a lot of talk about that in the midterms. i think democrats have to focus on those three issues. what is the bipartisan immigration solution here? we have children in cages at border. nobody is happy about that. we do need immigration reform. health care, republicans repealed obama care. we have no replacement. connell: what is the solution. connell: connell: this might matter for investors trying to figure out what to make of all this, what it all means, it still would be surprising i think to just about everybody if that is what we saw if we saw the two sides actually coming together working on, seems like everyone is assuming

that they're going to, if anything you will dig in deeper in your corner. if you're trying to predict what will happen, what should happen. >> given the fire breathing, venom coming from the democratic party, president trump would like to work with the senate and offer up some health care reform package, do a real repeal and replace of obamacare. you will never see bipartisan cooperation from democrats who invested so much time in anti-trump narrative. they can't wipe the slate clean pretend to be buddy, buddy and hold hands. >> that is politics. we saw that with president obama. republicans refused to work with him to weak inch him politically. this is not democratic thing only. but politics as usual. voters who want solutions i share concern we'll see sides kind of lobbing bad stuff. connell: same old thing. >> same old, same old. connell: danielle, booed to see you. joe, good to see you as well. thanks for coming in. a big business story happening

on the west coast. apple focusing on post-iphone world, trying to diversify and betting on future of the company, will be in the video realm and new subscription service they're about to roll out from what we understand. constellation research ray wong joins us now. services, ray, that is what everybody keeps talking about, and we'll hear new details what apple means about this today. >> 15% of apple's business, getting to 20% over the future, the problem they're stuck at 1.4 billion dough vices. how do you grow the device market? you have to put content, technology and devices together. connell: it has come up, starting in china, when everybody adopted we chat on their phone, i don't care what type of phone i have, i care what is on my phone. that spread to the united states. apple seems to realize that, right? it is not about hey, i need to have a iphone. i need to have a smartphone and

what is on it matters. they're going after that, and they think it will be successful. what about the subscription news and some original content when it comes to entertainment programs and the like? >> i think it is important, right? think about the subscriber market. you have 140 million people on netflix. 96 million on spotify. apple has a chance to go after this market but they will have to spend a lot on content to get there, not just content in terms of media and entertainment, can i do payments more effectively? can inget health care there? can i get back to my car? digital lifestyle services they have a chance to light up. if they do that, well, people might buy more smartphones. connell: it is example of curating content in the market. have hbo for x or show time for whatever and put them both together for 10 bucks. that is there already. somebody else is providing that. you think original content is a make-or-break for apple. >> they have to put enough into there to orchestrate the rest of

the ecosystem. netflix is spending $15 billion on content. apple has power bringing together hollywood, entertainment folks, other areas in terms of consumer products to fill that content. the challenge is making sure that cure race is done well and personalization is. there. only difference between apple and everyone else, they're not selling ads. connell: that is interesting. they're also as final point going to put the new services together. "wall street journal" will be part of it. "the new york times" will apparently not. is this a game changer how we consume news and how media industry makes money off how people consume news? >> this is the beginning of helping media companies monetize through either subscriptions other experiences. so i think this is the first step. we'll find out in a few minutes. connell: yes, we will. apple has a way of building up the suspense for these issues. we'll watch it out in cupertino today. ray, good to see you as always.

other thing we're still watching believe it or not. we'll be watching brexit for the remainder of our lives. theresa may says there is insufficient support for a third brexit vote. is she on her way out? what can it mean for the future of britain and the future of p.m. -- prime minister you're looking at. back in a moment. everyone's got to listen to mom. when it comes to reducing the sugar in your family's diet, coke, dr pepper and pepsi hear you. we're working together to do just that. bringing you more great tasting beverages with less sugar or no sugar at all. smaller portion sizes, clear calorie labels and reminders to think balance. because we know mom wants what's best. more beverage choices, smaller portions, less sugar.

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connell: a busy day here at "cavuto: coast to coast." connell mcshane filling in for neil appeared racing president trump sitting next to the israeli prime minister benjamin netanyahu who's been visiting the white house and pretty much the headline after yesterday's release of attorney general summary of the mueller reported either side politically to the president nor his opponents are moving on today. the president suggesting people who pushed the mueller investigation now need to be looked at. the other side calling for even more investigations of the

president. wall street is looking to digest all of this and it's also a lot of other items for the markets to look at. friday we were all talking about a global slowdown and what it does mean for interest rates. today the stock market up and down. currently down by 13 points. ask about in a moment. now to edward moran's with war and the probes are the probes of the probes on capitol hill for us today. >> unravel this onion here. i'm on the house side of the -- there is already a lot of conversation and comments about this report aired president donald trump saying robert mueller act honorably. for the president this settles things. let's listen. >> hopefully the people that attend such harm to our country. we've gone through. the really bad things happening.

those people will certainly be looked at. trinity chairman of the house judiciary committee cherry now their studies going to call attorney general william barr to testify about the findings. the attorney general scheduled to testify in april 9th. the appropriations committee no doubt we'll get comments and questions about the mueller report. barr briefed members over the weekend about this. reporting in part the special counsel robert mueller could not find anyone associated with the trump campaign colluded with the russians to rig the presidential election. barr goes on to tell the folks the president is exonerated from collusion on obstruction of justice. the report does not conclude the president committed a crime. it also does not exonerate him. lindsey graham says there is a clear double standard in the fbi and doj when it comes to investigating these things. in his mind this report settles

things and there's no collusion. >> as to the obstruction of justice matter, apparently the special counsel gave some of this and some of that in mr. barr and rosenstein concluded the evidence was insufficient to move forward on obstruction of justice. with the president or anyone around it team. >> more investigation into how the attorney general came up with this conclusion that there is no collusion within this report. members of both parties, republicans and democrats say as much of this report should be made public as possible. turn to edward, thanks to the president said he be okay with that as well. edward lorenz on capitol hill. wall street expected or didn't expect it's fair to say most investors didn't really expect any bombshells to come out to this report. at least negative one for the president. investors are focused on other things. the items we just identified.

global growth and the like. mercator center senior research fellow with us today from the independent women's forum. and from "the wall street journal" associate editor john busey here in the studio. john i will begin with you. when you take out the politics or try to and sometimes investors are the best at doing this because they look at the green. i would argue for all the issues the president may have another areas, most investors look at this and say this is not something that was going to take down this president that they knew that going in. even before the report came out. what's your take? >> they do just that by the fact they weren't additional indictments, that there weren't signals in the indictment that existed, that it would be more trouble for the president. look in the face of that, the finding by mueller that there was not collusion is good for the president. the market that is stability less volatility in washington.

the lack of finding by mueller on the obstruction of justice concerns. the fact that he found to quote lindsey graham a little bit of this and a little bit of that and he explicitly did not exonerate the president on obstruction of justice. connell: he left a deputy attorney general. >> elected out to the doj and political appointee of the president. democrats will couch it in those terms. what does this mean for the market? a piece of this reminds in the minds of a lot of leaders in congress unresolved. you could have hearings, search for additional data and material from the investigation and this is ongoing for many more months. connell: from that point and hardly coming to you on not. for both nights we nail as soon as the report came out for the summary from the attorney general came out that democrats would do exactly what john is

suggesting they would do. they keep up the investigations. it sounds like you want to settle some scores as well, right? >> i think a lot of mainstream american, republicans and democrats alike would just like to move on from this. certainly as john said, market don't like uncertainty. the collusion reduces the amount of uncertainty, but the goal of democrats politically is to keep as much uncertainty and a lack of resolution out there because this is a campaign issue for them in 2020 so long as there's answers or questions that have not been answered, they would use those questions to create a fog of uncertainty about the president and his campaign. americans on both sides of the aisle should celebrate the and just appreciate we are found free in the president's position is legitimate.

connell: it's been said by others but if there is worth repeating the sitting president of the united states is found to have not conspired with the enemy of the united states to help influence the election. it's hard to see how that would not be good news. but i think the question that you move forward with is how does this president govern from here because we're still having investigation after investigation and he wants the investigators to settle some scores. what about the actual business of governing the country ahead of her reelection campaign? >> the business of governing was made difficult by the results of the last election when republicans lost the house. i have to wonder in the end whether this distraction -- come on. the reason the market didn't move is because i guess everyone knew for a long time there was going to be no surprise. no one is surprised democrats

are announcing they are going to continue investigating. i am afraid that the reason why everyone is so intent on continuing this fight if they actually don't want to be talking about policy issues. considering probably nothing will go whether independently of all this russia story, nothing would've gone through since last november. but it is disheartening to actually see that legislators are more interested in chasing these types of accusations without ever talking about policy. there's so many talking about trade. we could be talking about immigration. congress is number one job is to pass spending bills on time. they've done it four times in 1974. >> you're right about all of that. i want to get to tim cook in

apple whose onstage. we talked about the difficulty in governing and the idea that maybe no one will come together and how this moment where it's a bipartisan moment, but there are things the president has to deal with and there's still no china deal. >> that is looming over the market. if the president decides to investigate the investigators guess what it was rod rosenstein who appointed the special account will with helping random deal is his department of justice. it gets pretty complex. the campaign for the markets will see candidates not necessarily focusing on every news that an investigation. they will focus on the issues because it worked in 2018. >> we brought this up last hour. >> they are not going to want to get into the whole what he knew and didn't know because it's not resonating with voters.

>> good to see all three of you. tim cook as we understand it has now taken the stage at this apple event today. the stock down by 1% here. hillary vaughn is covering it all and she joins us from outside the apple had orders in cupertino with some big announcements that we expect. hillary. reporter: k., connell. tim cook taking the stage name this announcement is all about service in hollywood is front and center at this event. we expect apple to announce its new tv streaming service and part of that for 25 its original shows that it's worked on investing over a billion dollars in developing. we also could be some celebrities come at a listers in the audience a reason on page that helps work on a shows aired oprah winfrey, jennifer aniston, jj abrams and damon spielberg could even reese withers in. kevin durant as well part of the

one of the project sample work done. also announcement on the new subscription service that would work off of apple's news happened to my magazine subscriptions with news. they are taxed to provide content to users that way and lastly the other service announced we are expecting is an apple credit card with goldman sachs that would really any normal credit card would. we will bring you more good news on dates throughout this event throughout the show. >> everybody probably knows this is how apple rolls. tim cook on the stage now. we can't bring it to you live but will play some of it back in hillary will stay on top of the headlines for some of the one she went through as this to be announced here in the next few minutes. to the other news of the day, the new red flag that scott moore predicting a recession.

at the same to play into the markets on friday and maybe a little bit today as well. on 26 on the doubt. more market fallout later in the afternoon. 4:00 p.m. eastern join us "after the bell." we will be back here at "cavuto: coast to coast" in just a moment. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor

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connell: back on the business layer. the market fashion signs of a possible recession coming out of the bond market. venture janet yellen sanely bond market indicator could mean a rate cut, not a downturn. the reserve bank president charles evans as he is so confident about the u.s. economy. everybody has an opinion on that. we hope our next guest u.s. well. chief economist scott brown.

you first on basically the essential debate developed over the last few days. an inverted yield curve and it means recession. does it? >> i think the yield curve has been the single best indicator of recession we've had over the years. very minded typically may take a year were more between when it inverts and when you fall into a recession. right now the curve is mostly flat from the 10 year to the federal funds rate and that's consistent if you look at a 30% chance of a recession within the next 12 months. the odds don't favor a recession here, but they certainly have increased and is certainly something to watch going forward. >> the idea when the longer-term rates fall below the short term rates for an extended period of time, the odds scout was talking

about. what is your read on what we're seeing right now? >> after the yield curve lets see if it stays in negative territory for more than one day. which usually see is you wind up seeing the s&p 500 peaked about 18 months after that. and by in the equity markets right now. that is one thing that doesn't necessarily mean to jump out of the market right here right now. they slow down last week really had a bad week after they heard the fed talk down their commander gdp growth expert patient and then you have the pmi weaker than expected. that led the tenure to drop precipitously and that is what is causing yield curve to emperor. turning to lindsay, let me stay with you in the stock market

just for a second because you bring up an interesting point and that is just because we see a sign the economy is slowing down sometime into the future, doesn't necessarily mean that stocks will sell off? your point it may mean the opposite will take place. why is that the case? >> sorry, scott. i scott. it is one of lindsay's take on that real quick. sorry if i wasn't clear. go ahead. >> the reason that happens is the cause with the short end of the curve is yielding more come in the short end is where they borrow from. because of that, and links babylonian and that takes time to work through the system. it doesn't happen overnight and that's what it takes long time for an inverted yield curve to result in a recession. and if there's anything different maybe in europe europe or other parts of the world

about this particular time. >> i've been through a number of days people come up with reasons why this time is different. this case you are in global growth putting downward pressure on long-term interest rates outside the u.s. that does put a lot of downward pressure on u.s. bond yields. some of that inversion is because of that. when you typically talk about an inverted yield curve you talk about exit patients in short-term interest rates will decline. we look at the two-year treasury, and that expectation is built in there. he ran into the issue of could that become a self-fulfilling prophecy. if consumers retrench big-ticket items weaken consumer spending growth.

they could curtail expansion plans and reduce hiring. you see how it plays out over the next year to 18 months? >> while everyone was worried about this slowdown concern and that's what you're seeing in the market, what worse turning to see in the economic data as i slight turnaround. if you look at the latest economic data, one of the greatest data point with the index of leading economic indicators. you've got retail sales, consumer sentiment and consumer confidence all moving higher from their january lows. granted, and still not at the highest and most recently sought. we are starting to have hired us to away from the shutdown throughout this year and the financial conditions in the market are loose. the fed is standing on interest rate hikes from there. there is potential for the market to pick up the economy as

we get further down the road. connell: hillary -- when hillary next. wednesday, thank you. the reason we are going back with great news seeing with hillary cupertino is tim cook has been on stage at the apple event. as i couple headlines crossing on the street here. one having to do with magazines and some other items. bring us up to speed with happening so far at this event. >> tim cook announcing apple news plus. integrated into the new sub and it's really a combination of over 300 magazines. fashion to politics to lifecycle and integrated experience users can navigate. they can search through the content. a new way to look at a magazine for the magazine comes to life. interactive features on the ipad with the iphone. we don't know if it's a free service yet.

the details still going over a lot of the features. apple news plus is the announcement we expect good that they would be a new integration of news and magazine for apple users. >> racing will be interesting. this no doubt will have an impact on the industry. hillary fawning cupertino. since i brexit protests ramping up the pressure for a second referendum as theresa may is really under fire facing pressure to resign as her. what is happening across the pond can lead to more problems here. a quick break. how do you gauge the greatness of an suv?

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not getting in today. terminix. defenders of home. connell: breaking news coming fast and furious today. a random one. remember him as the stormy daniels attorney. he has just been charged in the southern district of new york. he's been charged in connection with attempting to extract more than $20 million in payment for

nike. the federal prosecutors as saying he threatened to publicize alleged misconduct in exchange for the payment. so michael aven noddy accused and then extortion case. that information just brought to ask. the ipo market spirit interest filing to go public. lift debuting on friday and goober next month. susan lim reporting on this. whether they have or will make money as an interesting environment. reporter: that's how you want to identify. we are team shares to be sold sometime this week. probably on friday. lyft has the distinction of the in the largest company with the largest annual loss to sell shares on the public market if

they go ahead with ipos. $911 million in 2018. lots of $3 billion over the past year. around $63 million in 2018. the first ipos to go public without make and profit? of course underperforming shares to the public market so that's not the way they want to go. lift of course has been embattled in this right handling market where you have to basically subsidized drivers alike. $122 billion is how much lift has spent over the past year. that comes around $2 for every ride that they subsidized. some say you want to sell shares

and you will be judged by the way with your shares in how you debut. that's the same reception that names like facebook and google come to market. google and facebook making money before they became public companies. connell: good stuff. certainly at the new york stock exchange. another alert from the apple event hillary von was reporting on a moment ago. this new subscription service called apple news plus. we do not have the pricing on it. it has now $9.99 per month. more as we get it. the stock down 1%. let's had overseas. theresa may facing pressure to resign and if anything that pressure has been building. a lack of support for another brexit though. here she is earlier today. he met mr.'s ticker the right path forward is to be the e.u. as soon as possible with the

deal on the 22nd of may. it is with great regret that there is still not sufficient support in the house. >> reaction now. john brown joins us now. our old friend. what about it? she's on her way out, which many think she is. what does that mean? >> the parties can change their leaders without a general election. what it means is i think they're going to threaten her and getting everyone upset. she just mentioned in your piece that no deal is not an option while in fact she was always seen before that no deal with other than a bad deal. this has upset all the major parties within the house including supporters who remain

because britain is in a far worse position. and there is a complete and utter betrayal of the referendum. connell: i was just going to say it surprises me that she's lasted this long, but she has been she's unable to show disability to kind of bounce back if he will or come up with a new plan and presented and just kind of hang on, hang on. are we finally at the end of the road? more importantly, what's the next road? what actually happens? >> you make the most interesting point -- is how not so long in the reason for that is nobody's been prepared to challenge her and accept the chaos she's created. there are no churchill. there were no margaret thatcher's two two and it

depends where the majority vote in favor for her replacement. that's the thing that nobody knows. >> the speculation earlier. is that just out there and not realistic what you think? >> another one. they could stand for the leadership and went with the majority. and it depends on that majority is to which way britain is going to go which he thoroughly deserves to be which is the referendum. 85%. all these members of parliament voting for their next leader.

85% of the vote for conservatives came for parties building for brexit. it's a very difficult things for members of parliament. a lot of them remain by the remnants thinks represent can agencies that were heavily brexit. they've all got to really think about the choice of the next leader. >> john, always good to see you. what a mess over there. a little more from apple. doc still down 1.5%. whether a credit card will be part of all this and wouldn't you know it, just moments ago apple unveiling a new type of credit card that doesn't have any fees they say. also has a rewards program. with that you have shares of mastercard will be lower. dow multiple that by two tenths of 1% in american express i

believe it's also down. that's the bottom line. the apple cart is out there that was just released. more news to come. we'll be right back. - did you know that americans that bought gold in 2005

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call now to purchase your american eagle coins at cost for the amazing price on screen now. >> if you keep going off to her mueller, people are going to think you're just out to get him, that there is no right answer other than donald trump wants to be removed from office. they're probably suffer the same fate we did as having gone too far. connell: republican senator lindsey graham, and earlier today warning democrats focusing on new investigations. some on the left are indeed pushing non-with possible new investigations of the president. interesting time to bring in the former republican congressman because like lindsey graham he was involved in the night the

90s in the process and in fact served as house manager during the trial. it is interesting to hear that a program. he says do you have any advice for the democrats now off to the mall or invest edition reflect them back on the 90s. you agree with what he said? >> i agree with his conclusion. that is that the democrats persist in moving forward with the investigation after investigation after investigation including the same matters that the muller reports seemingly put to bed. i think it will start to significantly hurt the democrats in the 2020 election. i think we are going to see the american public has a great deal of fatigue when it comes to these investigations, which have dragged on for going on three years now. connell: right, and that was the lesson of the 90s that was a

similar circumstance that almost sometimes doesn't matter whether you're right or wrong in pursuing these investigations but if the american people look at it, and this isn't the most important thing in the country now you're going to pay the price for it. >> i would disagree to some extent because we are mixing apples and oranges with regard to the 1998 impeachment of bill clinton, he was very focused and happened very quickly. it didn't drag on month after month after month once kenneth starr sent his report to the hill. we concluded the evidence come in the house voted in december and went to a trial. what's happening now is very different. there's no end in sight. no definition to anything. these vague, open-ended investigations. >> after rolling into power in having so much success in 1994, 1998 republicans didn't have that success in the popularity of anything when not.

democrats win. so that at the time had to be surprising republicans and democrats could be in a similar spot here. is that a fair point? >> the democrats are in a very tenuous position here. unless they come up with an agenda that is something other than getting trump however they can do that, it will hurt them because the american people at the end of the day after seeing this investigation unfold with 2800 subpoenas in the 500 search warrants. as just ridiculous and it does not seem to satisfy democrats at all. i think they'll be in trouble if that their agenda going forward. connell: bob barr, thank you for coming on. good to talk to you today. this is something else. this may be the best read of all time. about an hour ago, give or take, the former stormy daniels lawyer tweeted the following.

tomorrow 11:00 a.m. eastern we will be holding a press conference to disclose a major high school college basketball scandal perpetrated by nike that we have uncovered. the criminal conduct reaches the highest level of 19 and involved some of the biggest names in college basketball. we told you he is now facing charges in the southern district of new york accused of trying to extract money, potentially extorting and not only came out an hour ago. fair to say he did not see these charges coming. in the meantime, apple event is still going on. you still coming out of it. a possible streaming service. apple's stock down 1%. we will bring you some new developments. just breaking from apple in cupertino after this quick break. we will be right back. you wouldn't accept an incomplete job

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>> act to apple now is we've been trying to bring the headlines as close to an akamai is was possible. stockstill down 1%. apple unveiling this credit card, the apple cart. watching it all at apple headquarters in cupertino. even where breaking developments reporter: this is a partnership with oldman thaksin mastercard.

it's really interesting. apple trying to innovate and reinvent what it means to have a credit card to get one. you can apply within minutes and get loaded to your apple wallet and use it right away. it's going to be available this summer if you have questions about a purchase. if you need to update your address, everything is done for messaging. also integrated with apple maps. purchases tied to location and track everything you do so it is easy to obtain as much information about each purchase right in your iphone and apple wallet. they have a feature or come a program that is just cashback educated every single day called daily cash. 2% cashback on all your purchases. 3% cashback on apple store purchases and they're rolling it out this summer. no late fees associated with it if you miss a payment. they're not going to give you a

penalty. so really removing a lot of the roadblocks a lot of people at or instigate credit card. because of the partnership with mastercard is accepted anywhere that a mastercard or normal credit card with the accepted worldwide. >> we will add one more announcement with what hillary just brought you called apple arcade just unveiled up there at the event. gaming service on mobile devices also living room devices. the gaming stocks are down today including 1%. let's talk about this with our apple panel. chief tech strategist michael robinson is with us today and here in new york, deirdre bolton along with tech analyst lake harris and tech nyc executive director julie samuels. i will start with michael here if you're not lucky enough to be sitting with us here in the

studio with the golden gate bridge behind him on the west coast. a lot of what we've heard already with six acted. what we heard in terms of what is been announced so far, what is the game changer for apple today do you think? >> all of it being bundled together to keep moving the service businesses forward. apple has done a phenomenal job. no service revenue to speak of in 200 announced a $40 billion to your business with much higher margins as time goes on. $1.4 billion just on the devices. so you're already an apple user. you just keep adding more. it stickier and stickier ecosystem so now you've got news. you've got apple tv subscription service business. a smart credit cards attracts your spending and moves into the space through the into it out. they are just when you keep on building its bundles so that

they keep these people, 1.4 billion people deeper in and keep adding more revenues. a very simple model to add more marginal sales for almost no marginal cost. it's going to be really big for margins going forward. connell: will try to go through some of the announcement the company has made. kind of what we do. but the arcade announced and that was just made, gaming obviously it's a huge, huge business and will keep people staring at the screens for an extended period of time at least my house. is this a big one you think? it could be. i have seen exactly what it is. what we've seen from apple before and really today is apple has known how to get people to pay for things. if you think 10 years ago we've been, and almost 20 years ago, there's a real debate about

pack. do people expect things for free or to repay for them? apple has consistently gotten people to pay for things. connell: that's always been the model on the gaming announcement. 100 games, play it anywhere regardless of internet connection among other things. does that stand out to yours some of the other announcements be it news for 300 magazines as part of the apple news. they are putting everything out there after going basically nowhere up until now. >> it's amazing to see how far they've come. they wanted to be the netflix of gaming and as we've seen over the years with apple getting into various services whether it's media or now news they have a way of doing things to be successful and get people to

pay. as a gamer in the guidance written about games for eight years. connell: seen what it's all about. >> thematically going for gamers. going to a younger of the regeneration. not always for keeping the next generation with you and with no fee credit card that's amazing. according to my sources, goldman sachs ceo is in the room so not surprisingly and we know from goldman's perspective they launched that bank. they want millennial money as well. what's interesting is to see apple pitted or be in a hardware company to offer in all of the services i was sort of reminded back in the day when they were like they can't make phone. so i would say it looks like they could be clear on what they want. connell: i will spend a lot of time talking how they shake up the news industry. since you brought up credit cards, from people you've been speaking to, what type of an

impact might that happen the rest of the industry? >> this is a game changer for a lot of people especially where you have some of the same functionality of how many people, especially young people like where is my money going? it's all going to goober, list or whatever it is. a useful tool as people navigate with their spending and why. connell: mobile payment really catches on big time in this country, which we've been trailing the rest of the world in that regard for whatever reason. this is change that as well. what do you make of the announcement? >> mobile commerce is an unstoppable force. last year we saw them the edge move more towards desktop computing for e-commerce sales. mobile is unstoppable. as your guests have just said, the generation, the people who are 19 to 34, where it's all inside their phone anyway. continuing to add this, giving

the credit card, all these things basically all in your phone being able to track. it's really good because a lot of kids have grown up on apple and they're not going to move now because apple keeps bringing more and more content, more and more functionality to their ecosystem. i keep using the word sticky, but they grab these young people and they're not going to let them go. it makes sense. the panel is going to stick around. we are going to take a quick commercial break and when they come back apple news is $9.99 a month. what does that mean for the news industry? from what we understand at this moment, the focus has shifted to apple tv. the time we get at 1.4%, we may have some more details on that. we will be right back.

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connell: more alerts coming out of the apple event in cupertino.

a new television app introduced by apple during the commercial break. deirdre bolton is with us and julie samuels is here in the studio. we're trying to monitor the headlines. go to you first. we'll talk about the tv in a second but i thought we might spend a few minutes on news service. apple news plus, 9.99 a month, 300 magazines in one place. what do you make of the entrance of apple into the news space. >> not their entrance into news. connell: good point. >> clearly this is apple trying to, as we talk about keeping everything sticking. missing couple big names. connell: "new york times." >> "washington post," part of my understanding. part of the complaint on side of publishers, apple is taking 50% of subscription bases. publish remembers worried about that. what do you, i like to keep in mind we're talking about this, what does it mean for small publishers? what does it mean for folks

trying to reach consumers, reach customers? are they completely beholden now to the apple news app? connell: doesn't matter whether it knocks, apple is the big guy knocking these out, or one lifting them up, an out let to publish. >> 50/50 is the why we're seeing pushback with the publishers. if you're being the white knight for journalism, take 50/50 cut is not the way to do it. message from a friend. connell: just in case you're concerned. blake, i will go to you on apple tv. shows from hbo, showtime, stars, apple tv channels. everything in one place. what do you make of this? >> i think it is not all that different than what you can get on apple tv right now. i think most exciting thing for me today at least will be original content and streaming service. connell: right. >> what i'm looking for most, i'm thinking about the "wall street journal" report from last september which was

culture clash within apple about profanity, sex and violence. really curious what kind of content they will have. connell: we might hear that the next few minutes. guys, thanks. good coverage. we're dealing with limited information as the apple event continues. over to charles payne for the next hour. charles: good afternoon, i'm charles payne. this is "making money." coming up stocks still in search of direction and trying to shake off last week the second worst week of the year. new data showing significant slowdowns in europe so where do we go to here? apple launching highly anticipated streaming service a few moments ago but that is not it. will this be the latest in streaming options? no collusion or obstruction, complete and total exoneration. president trump and his allies taking a victory lap after