mcgahn of obviously, executive privilege materials. they know that those were actually honored, lauren: here are your market movers at 5:00 a.m. the clock is ticking on a u.s.-china trade deal as the two sides try to reach a last minute bid before a deadline for the agreement on friday when tariffs on $200 billion of chinese imports increase 25%. what happens if there is no deal. we break down who will be hit the hardest. if you live in a big city and you need a ride today, you may want to hail a cab or take the bus. uber and lyft drivers are set to strike across the globe this morning, just ahead of uber's wall street debut. the ninth circuit hands president trump an immigration

victory, forcing asylum seekers to stay in mexico. what it means for the revamped push to secure the border. triple crown letdown, while the controversial kentucky derby winner is bowing you ouing out t race. it is wednesday, may 8th. "fbn: a.m." starts right now. cheryl: here is how your money is moving at 5:00 a.m. here we go, u.s. markets looking to, well, lose again this morning, slightly after those steep declines yesterday. the dow lost 450 as the tariff fight with china escalated yesterday. investors are waiting on fox corporation after the bell and disney after the bell as well. we have red arrows this morning, the dow is down 19, s&p down 2, nasdaq is down 5 and a quarter. we take a look at the 10-year right now. flight to safety this week as the volatility in the market has picked up.

right now, the yield is 2.46%, a gain of 1 basis point. breaking news in the oil market. let's a take a look at that. right now, it is up by two cents. iran may stop complying with the nuclear deal, that along with trade tensions a big story this morning. trade not the only worry in asia overnight, china's exports dropped in april by 2.7%. japan's market catching up after several days of holiday closures, red across the board in a asia and finally to europe. as you can see on your screen here, mixed bag, just the ftse slightly in the red. it's a big market day for everybody. lauren: around it's a new day after the brutal losses yesterday. welcome to "fbn: a.m.." i'm lauren simonetti. cheryl: well said. good morning, everybody. i'm cheryl casone. unfortunately, still red on the screen as investors wake up this morning. lauren: pressure is building ahead of key trade talks.

they're set to start between china and the u.s. tomorrow. we did get new data overnight from china. are they feeling the impact of tariffs? well, their exports surprisingly fell 2.7% in april from a year ago. imports posted their first increase in five months, rising 4%. cheryl: this news coming as the united states prepares to hike tariffs on chinese exports. we get the latest on that part of the story from our very own edward lawrence, following everything in washington. edward, good morning. >> reporter: good morning, cheryl and lauren. the u.s. trade representatives office says tariffs will go up from 10% to 25% on $200 billion worth of chinese imports at 12:01 a.m. on friday morning. we're talking about plywood, rubber aircraft parts, as well as inflatable rafts. the u.s. trade representative's office is starting the process to add a 25% tariff on basically everything else that china imports into the united states. the president says that's

$325 billion worth of stuff. senator lindsey graham says good. >> it will hurt the economy here. it will hurt the economy in china. i don't know how you get china to stop cheating unless somebody stands up to them. i'm all for getting a good deal. they've been cheating for decades now and this is the last best chance in my lifetime to get china to change their business practiceses. >> reporter: the u.s. trade representative said china rolled back the concessions in multiple section of the trade agreement that had already been agreed upon, he called it reneging on things that had already been agreed on in the deal. the chinese responding with a spokesperson from the chinese foreign ministry saying, quote, raising tariffs won't solve any problems. we hope the u.s. can work with china to meet each other halfway china steals about $200 billion worth of intellectual property from the united states each year. many democrats in congress support what the president is

doing. senator mark warner says he supports the president but wishes he went about it in a different way. >> i commend president trump for saying the status quo with china is not working. where i wish he would have taken this approach, though, would have been to build an international coalition, to go to the chinese and say you can't continue to steal intellectual property. >> reporter: on thursday and friday a trade delegation from china will be here in washington, trying to see if they can work out a deal, come past the impasse, so-to-speak. lauren: they're staying right across the street from the white house. what happens next the u.s.-china trade dispute. we put that question to citigroup's global economist. >> we have a 40% probability for the chance that tariffs will go up from 10% to 25% for

$200 billion and basically that china will he retaliate. given that their economy has stabilized and basically they are at a much stronger position than before. lauren: he thinks their economy as stabilized. we'll ask about than who will be hit the hardest in all of this, could it be you, the consumer. we break it down coming up. cheryl: and breaking overnight, iran announcing it will stop complying with parts of the landmark nuclear deal from 2015 that it cut with president obama. iran's president says that the country will keep stockpiles of excess uranium and heavy water that is used in nuclear reactors. he gave a 60 dated line for new terms to the nuclear accord. thsec of state mike pompeo maden unannounced visit to iraq yesterday. he called on iran -- he called

iran a growing regional threat. all of this after the pentagon sent an aircraft carrier group to the region amid the new threats from iran and the strait of hermuz the big story. lauren: the secretary of state was supposed to meet with angela merkel and then made a visit to baghdad. more breaking news, a federal appeals court ruled the u.s. can send asylum seekers to mexico as they await court hearings. a major victory for the president. cheryl: we've got griff jenkins on that one in washington as the asylum ruling faces challenges. >> reporter: a surprise victory from the liberal leaning ninth circuit court of appeals that typically rules against the president on immigration issues, now says the administration can continue sending asylum seekers back to mexico to wait for their claims to play out. it was halted because it failed

to account for the dangers migrants face south of the border. thethe case could still end up n the supreme court. the aclu disappointed with the ruling issued this statement, saying, quote, asylum seekers are put in serious risk of harm every day. two of the he three judges that heard the request found there are serious legal problems with what the government is doing. there is good reason to believe that this policy shall be put to a halt. this comes on the heels of a group of 12 gop senators huddling at the white house on immigration. senator martha mccally had this to say. >> we had a conversation about modernizing our h legal immigration situation as well. we have loopholes in our laws that have to be closed. we need democrats and

republicans to work together to close the loopholes now and secure the border. >> reporter: things continue this afternoon. border officials including the chief of the border patrol head to the senate judiciary committee for a hearing over this he very issue. lauren, cheryl. lauren: griff, thank you. cheryl: google executives taking the stage at the company's annual developer conference, unveiling new privacy features. lauren: robert gray is in mountain view, california with the very latest. >> reporter: certainly a big theme of google io was privacy, the company looking to address concerns raised by lawmakers in the u.s. and around the globe as well as users. the ceo coming out early in the keynote saying that google wanted to make products that were, quote, based on a foundation of privacy. >> it helps make search work better for you. with auto delete you can choose how long you want it to be saved. for example, three or 18 months. after which, any old data will be automatically a and

continuously deleted from your account. this is launching today for development app activity. >> reporter: the company introducing hardware that can boost revenue. the top line disappointed investors in last week's quarterly report. on the hardware products side, introducing lower price phones and also the nest hub max, a large screen picture to control smart home products. >> we've chosen to focus on mobile and products for the home. we're trying to create a product line that shows off where ambient computing can go, trying to give users help wherever they are, wherefore injury they need. >> reporter: the nest hub max will go on sale this summer. cheryl and lauren, back to you. lauren: tech titans hit on trade concerns yesterday, lawmakers are now focused on your privacy right here on capitol hill. senator john kennedy taking aim at social media, calling for

more transparent privacy agreements. listen. >> the problem seems to me to be the user agreement, not to pick on facebook, their user agreement has been improved. for the longest time you could hide a dead body in there and nobody would find it. why don't we require social media companies to write user agreements in plain english. >> i think it would just say we're taking all your data, yes or no. lauren: they've got a point. there will be a house hearing today, as they complete a settlement with facebook over privacy violations. the ftc is poised to levy a fine of as much as $5 billion on facebook, ahead of the company's shareholder meeting which is later this month. you have two nonprofit groups pushing shareholders to remove mark zuckerberg as board chair once again. cheryl: good luck. here's other headlines making news this morning. two students are in custody this

morning after opening fire in a suburban denver school, killing one student and injuring eight hours. police say 18-year-old devin erikson and a younger student walked into a stem school yesterday afternoon and fired on students in two classrooms. >> i started hearing police radio, police chatter, police yelling and it sounded like a kid yelling back and gunshots started in the hallways. so right outside my classroom there was a policeman yelling at the suspects. they were firing at each other and that's what i heard. cheryl: the stem school is seven miles from columbine high school, the site of a school shooting in 1999. police are trying to figure out the motive. well, the trump administration lifting sanctions on a venezuelan general who broke ranks with president nicolas maduro's regime. vice president pence announced the relief for the director of venezuela's intelligence service. this is part of the effort to encourage others in the regime to do the same.

tomatoes may become more expensive, the commerce department about to add a 17% tariff on tomatoes from mexico. the countries have been able to renew a 2013 agreement in which the u.s. would not pursue anti-dump pining. the new york times reporting that president trump lost more than $1 billion over a 10-year period in the '80s and the '90s. the paper says had they have copies of his irs tax transcripts. he avoided paying taxes for eight of those years because the losses were so substantial. the president says the findings are demonstrably false and inaccurate. just like that, the game of thrones coffee cup is gone. they digitally removed the modern data-out cup that was accidenaccidentally left on thef the show's most recent episode. it will not be on streaming platforms or reruns of the

episode. they say it was a mistake, not a secret product placement as many believed. lauren: still ahead, trade talks set to resume tomorrow between u.s. and china, the wallet hangs in the balance. and we have details on a deal that is bringing the college admissions scandal to your screen. ♪ your mama raised you better than that. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.

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lauren: trade talks are set to resume tomorrow between washington and beijing as china's top negotiator heading to washington, this new round of talks, the 11th round, by the way, set to begin just one day before president trump's latest deadline reach a deal by friday before placing new and higher tariffs on china. south carolina senator lindsey graham stressing the importance of the tariffs, no matter the cost. >> it will hurt the economy here. it will hurt the economy china. i don't know how you get china to stop cheating unless somebody stands up to them. they've been cheating for decades now and this is the last best chance in my lifetime to get china to change their business practices, so when it comes to china pay now, pay later, i'm willing to do whatever it takes to get not only a good deal, but a great deal. anything short of that would be a miss. lauren: we asked what would happen if the u.s. and china don't reach a deal because the clock is ticking, 12:01 a.m. friday morning.

joining me now senior economist, eric lunde. put the odds on this, do we have a deal friday? >> i think we are probably going to move forward on this. as you mentioned earlier, the chief negotiator for china won't be here until tomorrow. some of this colleagues are already in washington. so i suspect if he does indeed come tomorrow and doesn't chan sell, that the back end of the work has been sorted out and we'll be able to avoid the tariffs. lauren: michael puls my michs there are parts of the negotiations where we won't be able to reach a deal. is that acceptable? >> i think that this issue is large. it goes beyond the trade deficit, goes beyond market access, goes to the heart the way the u.s. and chinese run their economies. there are certain dimensions with respect to how china is trying to advance certain high tech industries, artificial

intelligence, biotechnology, that we're really not going to be able to solve during these negotiations. these are issues that we're going to have to continue to push on and to try to make china make changes over the years ahead. lauren: it seems like investors were hopeful and they got scared basically the past two days of trading because they realized we might not have a deal, although we hope we do get one which brings us to friday and this deadline. let's say the tariffs go from 10 to 25% on $200 billion worth of goods and le let's say china retaliates and let's say we slap more tariffs on more chinese imports. can the u.s. consumer handle that is question one. and can the chinese economy handle that is question two. >> well, the chinese economy is certainly in a much more difficult position currently than the u.s. economy is. so we actually have the upper hand in terms of economic performance. we also are a lot less dependent on china in terms of our economy than they are on us.

so any tariffs, whether or not they're reciprocated, are definitely going to hurt the chinese economy more. as to the impact of the increase in tariffs and the additional tariffs that the president threatened, it will hit american consumers. they will feel it more than tariffs that we saw last year. the tariffs that have been i'm police departmented on china have been -- implemented on china have been focused on business goods and high tech goods. so increasing the tariffs across the board is certainly going to hurt american consumers. lauren: they're expecting to hit your bed sheets, your shampoo, stuff we use and buy every day. thank you for coming on this morning. >> my pleasure. cheryl: it's going to be big, lyft reporting their first results since going public. this is going to be one of the stocks to watch today. this is ahead of rifle uber's ipo which comes out friday. why the numbers we got last night have each seasoned

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lauren: it could be tough getting to work today. uber and lyft drivers are set to walk off the job over pay and benefits. drivers in major cities like new york, los angeles, chicago and atlanta are expected to log off their apps. drivers in london also expected to join in on the protest. the strike taking place just two days before uber's ipo. cheryl: let's talk about lyft,

uber's competitor posting a huge loss in the first earnings as a public company. they lost more than $9 a share on an adjusted basis, much worse than expected. revenue of $766 million -- $776 million did beat expectations. active users jumped 46%. the company saying a lot of that was the publicity from the ipo. what does the future look like for lyft and uber. let's first start with what happened with lyft and these earnings. not only did they come out with more than $1 billion in losses, the net loss, but they said a lot of this was related to the ipo and the process of going public. talk about lyft's earnings from last night. >> yes. so thanks for having me on. one of the things we do for our clients is we help them to context walualize the listing

market. it's important to put this into the context of the listing market. last year, we saw $210 billion in global ipo volume. that was up 6%. a lot of that was driven by technology, accounting for over 19% which was a six-year high. we're seeing interesting themes and what we can see is a very healthy ipo market. cheryl: just real quick about lyft, it doesn't bother you about the earnings report last night? you think this ipo was a success? >> i think it's important to contextualize the ipo. investors would prefer transparency, more information from lyft. if you look at the broader context and the way deals have been structured and speaking to a lot of our clients, most tech ipos right now are doing fairly well. cheryl: let's move on to uber. we don't have a lot of time

here. uber, we're expecting the pricing tomorrow, shares to start trading on friday. we think we might get anywhere from 44 to 50 bucks a share, that's the range right now that's being reported, the shares as well outstanding in the millions right now, 180 million shares being offered. what's your expectation for uber? >> again, i think uber's coming into that same context. this deal is the -- would be the second largest after facebook. so i think this deal is positioned very well in terms of how it's been marketed. we do know proceeds will be used to reinforce the uber war chest. investors i'm sure will hope that will go directly to cap ex and continuing to diversify the business, looking specifically at delivery, looking at freight, et cetera, and also it's an opportunity for investors, a very wide investor base to

monetize the network effects that uber is benefiting from at the moment. cheryl: from a company standpoint, the competition story is going to be something that will play out over time as a lot of folks are getting into the ride sharing market. romaine, it is a hot ipo year, that is for sure. i know that's you're specialty. thanks for coming on. >> thank you very much. lauren: attorney general bill barr hits back as house democrats demand an unredacted special counsel mueller report. as both sides dig in their heels, is it time america to move on? a new report shows president trump getting strong support from women across the nation, the numbers that could have democrats worried they may need a new strategy for 2020. p keep it here, "fbn: a.m." ♪ that's one you owe me. ♪ i let you slide. ♪ i can't, it goes against my pride. ♪ like two -- with licensed ags available 24/7.

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lauren: let res get you caught up on global market action. looks like investors today are taking a breath. dow is down 54 points. we saw the worst selloff since january yesterday, at one point the dow fell 650 points. investors worried the friday deadline to reach a trade deal with china might be missed and the fears hitting the oil market. could global demand cool off? crude is down. asian stocks front and center this morning as we talk about trade, 1% declines across the board. the kospi in south korea the best performer, down just about half of 1%. this is the trade in europe at this hour, a green air cro arroe dax in germany. cheryl: we have stocks tumbling yesterday, investors have been bracing for higher tariffs on chinese goods, set to take effect on friday morning. are investors going to be ready if the talks between u.s. and

china completely fail. can the markets really handle a big failure at the table? the chinese are coming, we know that, and the vice premier is coming but this looks pretty dicey at this point. >> the stock market has gone up a lot this year, very quickly. we haven't had a lot of volatility until now. we're going to get a deal. this week's going to -- we're going to learn a lot this week in terms of whether the deal might be pushed out. investors going into the week maybe didn't price in the risk on the downside if we didn't get a deal. that's what's causing the volatility. earnings have been really good, as of the beginning of this week, 76% of companies that reported had beat earnings expectations. 60% on the top line. so i think the economy's still really strong here. cheryl: we're going to get earnings from disney after the bell today, fox corporation, our parent company. the earnings are still coming out. you're right, they have been strong. at the same time, americans may

finally wake up to this trade fight because we're talking about everything. if they add that additional 300 plus billion at 25%, that's basically everything we import from china. that's going to hit the consumer, jamie. this is going to be furniture, handbags, clothing, christmas decorations, toasters, curling irons, you name it. this is where the tax on the consumer could really hit and that could be a hit to the economy. >> yeah, i think it's really important, though, that investors don't try to time the market. i've had clients recently ask me is it smart now maybe since we've gone up so much, should we go to cash. there's a huge difference in studies from what investors get on their investments versus what their investments actually do. investors typically underperform. the reason why, they sell during corrections. we don't want people to do that. cheryl: the stock market, sure, but the economy is driving the stock market.

the trump economy has been driving the stock market. if that starts to falter -- that's why you've seen all the selling, especially cred. yesterday. it's like investors woke up and said this is real, maybe trump is trying to cut a deal, maybe it's hard line negotiations but maybe this isn't going to work with the chinese. this story hit the tape this week in a big way. >> there's no question. the trade deal has been a big concern for all of us. but i think we're going to get a deal. i think the president definitely wants to make sure this doesn't cause the economy to turn over. i think we're going to end up getting a deal. it's important for china in terms of their recovery as well. two of the smartest people you i know, warren buffet said the other day he thinks stocks are incredibly cheap if we can keep things low. the fed will continue to push the economy higher and stocks as well. cheryl: the fed has helped us

rally so far this year. hopefully no more tweets will rock us to our core as we get to friday. lauren: hopefully no more tweets. the house judiciary committee is planning a vote today to hold attorney general william barr in contempt of congress after last minute negotiations stalled with the justice department over access to the unredacted version of the special counsel mueller report. let's bring in misty maris. as we talk about this, and we heard the department of justice say if you hold this vote today, we're going to ask the president to invoke executive privilege over the mueller report. how do you see this playing out? >> look, everything is being done the correct way from the perspective of bill barr and from trump and that's because if bill barr complied with the subpoena and handed over the unredacted version of the mueller report, he woul would be violating other laws. you're talking about the grand jury material, ongoing

investigation. invoking executive privilege over portions of the report that are not public is appropriate, another legal defense. what usually happens is behind the scenes everybody tries to work on a compromise. if a compromise can't be effectuated, they can take a vote and hold bill barr in congressional contempt which then gets kicked back to the doj if you're talking about criminal contempt, that likely won't be pursued because bill barr is the boss of the doj and the executive branch makes that determination or it goes to a civil court and it's civil consistent settlement and that gets litigated for -- contempt and that it's litigated for years. it's a process that doesn't have a lot of practical impact, other than pushing people towards resolution and compromise. lauren: there are negotiations going on behind the scenes. i feel like all of these extreme consequences and the threats are happening in a fast manner. would you agree?

>> absolutely. because, look, there's a lot of complicated issues here. again, there's other laws at play with respect to the material that we were talking about before and now adding, because of that, because the dems won't step back and say let's figure this out, they're threatening contempt. now executive privilege is going to be asserted and it's going to be a more involved and time-consuming legal battle. lauren: bill barr is not the only one being threatened with potentially being held in contempt of congress. also, don mcgahn. what do you expect to happen there? house democrats are saying show us more of this material from the mueller investigation. >> right. and don mcgahn is saying, look, i actually can't. i'm not in a position legally to turn over this material to a third party. and that's because executive privilege is being invoked. so it's a slightly different issue because in this case the question is going to be was executive privilege waived because don mcgahn did meet with mueller, did turn over

certain documents. i'm saying i really don't think that's going to be the case. this is going to be an uphill battle for democrats. that's because executive privilege can't be waived in this grand, sweeping manner. i'm talking about the li lit lis nature. this is going to be a protracted legal battle. mcgahn is taking the right stance by not violating ethical obligations and the law by turning over things carte blanche. lauren: well said. cheryl: she always says it well. here are other headlines making news this morning for you. sprint is losing more monthly phone subscribers than feared. the company says it lost 189,000 customers last quarter. that is far worse than analysts had expected. this as the wall street journal is reporting that sprint's merger with t-mobile is running into resistance with the doj. gm self driving division getting

a major financial boost. the company announcing a $1.15 billion investment from existing investors into its cruise automation. that raised the valuation to $19 billion. the bulk of the money coming from gm soft bank's vision fund and honda. google's waymo and lyft are teaming up on a new app. lyft users in phoenix will be able to hail rides from waymo's self driving cars. this willyft didn't talk about n the earnings call last night. facebook is rolling out a new appointment calendar for small businesses. now these businesses and their customers can schedule meetings directly through facebook and instagram. because they don't know enough about you, obviously. all appointments can be synchronized with the business owner's personal calendar. and then there is this. oh, boy. science fiction fans are waiting for the sequel, avatar 2.

they'll have to wait a bit longer. disney announced they're pushing back the film's release by a year to 2021. this is the fourth delay for the film which is the highest grossing movie in history still. disney also announcing it's going to produce three more star wars films. those are going to go to theaters starting in 2022. james cameron and avatar. he's a genius, but man, what's behind all the delays? remember how long it took him to see titanic. >> i saw it friday night and then again saturday morning, i loved it so much. there's a new report showing that president trump is getting strong financial support from women across the nation. the stats that could have democrats shaking in their boots. he's a jack-of-all-trades, we showed you a video of a cincinnati reds player as bee keeper yesterday. wait until you see what he's up to now. cheryl: the guy's yeah you. >> i. laurencrazy.lauren: he kind of.

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cheryl: president trump getting more campaign donations than any 2020 democratic candidate in the first quarter, from women. joining me now to break it down

is daily caller white house correspondent, amber athey. you wrote an article about this exact issue. >> thanks for having me. cheryl: talk about the findings and what your sources told you about the donation pattern that you're seeing for the president's re-election. >> right. so all of this data is opened from the s.e.c. i think what it shows, the most important aspect of this is that trump's donor share from women is improving significantly over time. so if you look at the 2016 election, trump received about 29% of all of his donations from women and then was able to capture just over 40% of the female vote. if you look at the entire 2020 cycle thus far, trump is at 39% of his donations l coming from women. in the first quarter of 2019, the most recent quarter of donations, he is already up to nearly half of his donor support coming from women. so you can see over time his share of female support is improving substantially and he's

also beating out some of these female democratic candidates in terms of how much of their support comes from women. the only women who are beating him in that category are kamala harris and kirsten gillibrand. cheryl: we're showing the first quarter numbers, he is well you ahead even with beto o'rourke. it's interesting. i was looking at this poll, this new one, as far as on the democratic side and looks like a big lead for joe biden, 38%. for whom would you vote, 38% say joe biden. the next closest number, else elizabeth warren, 12%, speaking of women. biden, that seems where the focus may be going. is that where the money is going to go? now that we have a clear feel for the dems, is biden the guy to beat? >> as you know, biden recently announced , so his numbers arent

included in the first quarter of 2019 data. we have no idea how his support stacks up against president trump. cheryl: as we move into the year, one of the big questions has been the democrats want to run on the economy, saying the middle class has been left behind, the rich are getting all of the breaks, corporations are a bunch of jerks, et cetera, else. yoetcetera. you heard the lingo on the trail. at the same time, should the democrats find something else to run on besides the economy, which right now is powering on all cylinders. >> i think that would be a smart move, especially when you look at the donations coming from trump when you average out the amount people are giving to his campaign, it's much lower dollars than the other candidates. cheryl: amber, great piece by you. i encourage everybody to read it on president trump's donation numbers. amber, thank you very much. >> thank you. thanks for having me. lauren: still ahead, it was the night of hits for minnesota

twins catcher, how he stunned fans after getting hit with a broken bat. ouch. and a new wonder drug for infants suffering from a very rare genetic disease. it could soon be hitting the market. but wait until you hear how much you're going to have to shell out in order to get it. is it worth the $2 million price tag? keep it here on "fbn: a.m.." ♪ won't you tell me, babe. ♪ are you happy now. ♪ are you happy now. u want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠

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cheryl: we want to show you futures right now. we've actually taking a big hit to the downside. reuters reporting that china was looking to backtrack and did backtrack on all its promises to the united states, in particular when it came to its commitments to change laws to resolve core

complaints that really launched the trade war, theft of intellectual property, opening up the markets. reuters exclusively reporting that china backtracked and took out language on the agreement they cut with the united states and beijing. watch the tech companies today. lauren: the week's selloff continues as we try to hammer out a trade deal. let's do sports because we have big news in horse racing believe it or not. cheryl: get your wallets out for this one. jared max is here with what the heck is going on with the derby. good lord. jared: we're not going to have a triple crown winner this year after all. country house will not run if the preakness stakes. the trainer said the horse was awarded be kentucky derby as a result of the disqualification, won't run in the second leg of the triple crown. the horse is showing signs of illness.

mike fiers became the 35th pitcher to throw a no-hitter more than once. a 2-0 win for the a's against the reds. four years ago he pitched one for the astros. he was electric, which is more than we could say for the ant oakland coliseum. the game was delayed for more than 90 minutes because of the start of a lighting malfunction. the day before we saw derek dietrich from the reds, he was a bee keeper. if you need a good handyman, call up derek dietrich. all of a sudden he's an electrician. early on, twins catcher mitch garber catches a piece of a bat on back swing. he said no blood, put ointment on it and he was fine. the sixth inning gardner ripped a home run and helped the twins score second straight shutout of toronto, 3-0. game seven, winner take all, stanley cup playoffs between st. louis and dallas.

it was decided in a second sudden death overtime. watch this. >> thomas shoots and -- jared: the blues advance to the western conference finals. this ended a few hours ago, excitement for hockey fans. lauren: jared, thank you very much. you can catch jared's sports reports on fox news headlines, 24/7, sirius xm channel 115. cheryl: it's the sca scandal tt was made for tv, details on the deal that's bringing the college admissions scandal to your television screens. and we're going to tell what you a greaa great grandmother did tt arrested at disney world. lauren: she's looks good. ♪ i've been there all night. ♪ i've been there all day. ♪

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cheryl: college emission scandal could be hitting the screen soon, actress and lori loughlin in tv series accepted. people indicted to pay big money to boost kids chances at being

accepted to college. no network interested yet in service. lauren: so early. the scandal has just been covered. she got arrested when a deputy at security checkpoint found cbd oil in her purse. she said it's for arthritis, 12 hours behind bars before being released. cbd is sold across shelfs but technically illegal in the state, that created confusion and hence landed the great grandma behind bars. cheryl: i hope disney world apologizes to her. new life-saving drug for infant that could hit the market, it

could cost as much as $2 million, drug maker has set price on new treatment but has the potential to cure genetic disease that typically kills infants before they turn 2, it's just one dose, that's why the company says the 2 million-dollar price tag is justified, is it, though, i'm sure parents out there would say, yes, but where would they get the money? lauren: what's the point of a drug if no wasn't can't afford it. cheryl: r&d with major drug companies is the question because they spend millions on developing these drugs. lauren: that does it for us, fbn:am, we will send it over and say good morning to maria. maria: i'm maria bartiromo, wednesday may eighth, top stories before 6:00 a.m., china trade turmoil once again,

markets once again showing concerns over u.s.-china trade talksment meeting is still going on, the clock for increase in tariffs that go into effect on friday. mueller report fallout continues. justice department may withhold unredacted mueller report to congress if actions are taken against barr, doj coming out strong against house democrats. lyft posed massive loss, uber prepares to start pub pickly trading friday. preview coming up. disney, fox, all to watch this morning for first-quarter earnings. what it means to digital curren