lost it. gregg: the president and the first lady making a surprise trip to arlington national cemetery to honor military had it memorably. they will travel for a four-day state visit cheryl: breaking news right now, u.k. prime minister theresa may expected to resign at any minute. we are awaiting a news conference. she is expected to announce her exit strategy and a date. we'll you bring that to you live as it happens in london from 10 downing. a crazy day on capitol hill yesterday, president trump and nancy pelosi trading barbs after their failed infrastructure meeting against the backdrop of a new $16 billion aid package for america's farmers. the president ordering the full declassification of documents relatrelated to the spying of hs 2016 campaign. we're live in washington. if you're planning on road tripping this memorial day

weekend, you're going to need extra time. a record-breaking amount of americans hitting the road for the unofficial start to summer, despite rising gas prices. star wars fans awaiting the much anticipated opening of disneyland's galaxy's edge. they have another reason to get excited. the latest gadget being offered that's going to cost you some serious coin, parents. it is friday, it is may 24th. "fbn: a.m." starts right now. ashley: good morning, everybody. take a look at how your money is moving as 5:00 a.m. u.s. stock market futures all green, the dow up 151 points, can it maintain that throughout the trading day. we will find out. checking the price of oil, it took a big step down yesterday, recovering a little bit, up 74-cents to $58.65. the yield on the 10 year treasury right now, a lot of

money going into the treasuries means the yield comes down 2.33% on the 10 year. overnight in asia, let's take a look there. the nikkei and kospi down, but shanghai and hang seng up in muted trading. over in europe, as we wait to hear from theresa may, all pointing positively, both the ftse, the cac and the dax all higher at this hour. cheryl: breaking news from 10 downing to change everything. welcome to "fbn: a.m.." we've got a busy friday ahead. i'm cheryl casone. good morning. ashley: good morning, i'm ashley webster, in for lauren simonetti. we are waitin waiting on a news conference from theresa may at any minute. she's is expected to resign this morning and announce her departure date. a spokesman says she will still be in office when president trump visits the u.k., that's coming up in a couple weeks. just yesterday, the prime minister abandoned plans to hold a vote on her new brexit bill in june. we'll have live coverage of her

announcement. cheryl: never boring when it comes to u.k. politics. it's never boring in this country either, folks. president trump sounding an optimistic tone on reaching a deal to end the bitter trade war with the chinese. the president said a deal with beijing is happening fast. a china advisor fold told the south china morning post said current conditions are not right for a meeting with the presidents next month in japan. ashley: the trump administration rolling out more help for u.s. farmers being hit hard by those chinese tariffs. our own black berman has -- blake berman has the details. >> reporter: president trump announced the administration authorized another bailout package for farmers, this time $16 billion, $14.5 billion in direct aid to farmers. the president is trying to help out farmers who have been

adversely i'm pacted by the -- impacted by the trade war with china and claims the u.s. won't be footing the bill. >> it all comes from china. we'll be taking in over a period of time hundreds of billions of dollars in tariffs and charges to china and our farmers will be greatly helped. >> reporter: however, that's not exactly how tariffs work. china is not making payments to the u.s. and u.s. executives and economists say the cost from importers eventually get filtered down to consumers. back to you in new york. ashley: blake, thank you very much. president trump by the way also saying huawei which he calls, quote, very dangerous, could be part of the u.s. trade deal with china. washington banned u.s. companies from doing business with huawei last week due to national security concerns. cheryl: we want to go live right now to london and 10 downing street, theresa may is ready to speak. >> ever since i first stepped through the door behind me as

prime minister, i have driven to make the united kingdom a country that works not just for a privileged few, but for everyone. and to honor the result of the e.u. referendum. back in 2016 we gave the british people a choice, against all predictions the british people voted to leave the european union. i feel as certain today as i did three years ago that in a democracy if you give people a choice, you have a duty to implement what they decide. i have done my best to do that. i negotiated the terms of our exit and a new relationship with our closest neighbors, that protects jobs, our security and our union. i have done everything i can to convince m.p.s to back that deal. sadly, i have not been able to do so. i tried three times. i believe it was right to r persevere, even when the odds

against success seemed high. but it is now clear to me that it is in the best interest of the country for a new prime minister to lead that effort. so i am today announcing that i will resign as leader of the conservative and unionist party on friday the seventh of june, so that a successor can be chosen. i've agreed with the party chairman and with the chairman of the 1922 committee that the process for electing a new leader should begin in the following week. i have kept her majesty, the queen, fully informed of my intentions and i will continue to serve as her prime minister until the process has concluded. it is and will always remain a matter of deep regret to me that i have not been able to deliver brexit. it will be for my successor to seek a way forward that honors the result of the referendum. to succeed, he or she will have to find consensus in parliament

where i have not. such a consensus can only be reached if those on all sides of the debate are willing to compromise. for many years, the great humanitarian nicholas winton who saved the lives of hundreds of children by arranging their evacuation from nazi occupied checchekoslovakia. he gave me a piece of ad vice at a local event. he said never forget that compromise is not a dirty word. life depends on compromise. he was right. as we strive to find the compromises we need in our politics, whether to deliver brexit or to restore government in northern ireland, we must remember what brought us here. because the referendum was not

just a call to leave the e.u., but for profound change in our country. a call to make the united kingdom a country that truly works for everyone. i am proud of the progress we have made over the last three years. we have completed the work that david cameron and george osborn started, the deficit is almost eliminated. our national debt is falling and we are bringing an end to austerity. my focus has been on ensuring that the good jobs of the future will be created in communities across the whole country, not just in london and the southeast, through our modern industrial strategy. we have helped more people than ever enjoy the security of a job. we are building more homes and helping first time buyers jo ono the housing ladder so young people can enjoy the opportunities their parents did and we are protecting the environment, eliminating plastic waste, tackling climate change,

and improving air quality. this is what a decent, moderate and patriotic conservative government on the common ground of british politics can achieve. even as we tackle the biggest peace time challenge any government has faced. i know that the conservative party can renew itself in the years ahead, that we can deliver brexit and serve the british people with policies inspired by our values. security, freedom and opportunity, those values have guided me throughout my career. but the unique privilege of this office is to use this platform to give a voice to the voiceless, to fight the burning injustices that still scar our society. that is why proffered funding for mental health at the heart of our long-term plan. it's why i'm ending the post code lot dry fo lottery for surf

domestic abuse. inequality has nowhere to hide. and it is why i set up the independent public inquiry, into the tragedy at at greenfield tower, to search for the truth so nothing like it can ever happen again. and so the people who lost their lives that night are never forgotten. because this country is a union, not just a family of four nations but a union of people, all of us. whatever our background, the color of our skin or who we love, we stand together and together we have a great future. our politics may be under strain, but there is so much that is good about this country. so much to be proud of, so much to be optimistic about. i will shortly leave the job that has been the honor of my

life to hold. the second female prime minister but certainly not the last. i do so with no ill will, but with enormous and enduring gratitude to have had the opportunity to serve the country i love. ashley: there you go, an emotional end to that statement from british prime minister theresa may, becoming choked up at the end as she announces that she indeed will be resigning. she'll resign on friday, june 7th. president trump will arrive in the u.k. for a state visit the beginning of that week. he she says she'll be out by june 7th. with regard to brexit, she said i've done my best, i've done everything i can. sadly, i haven't been able to deliver. she also said whoever comes in as the new leader, whoever will replace her, will have to find consensus in parrel hadn't,ments

in parliament. now the starting gun as they try to find a replacement for theresa may. cheryl: since january she's had to negotiate with the e.u. three different times. ushers in a new era for the country. only the second female prime minister to serve. look at currencies. as we look at this news breaking out of london, there's how the currency markets are reacting to this statement and resignation by theresa may. ashley: we're seeing the british pound come back a bit. we saw the pound drop, the consensus was borris johnson could take over. he's a hard brexi brexitere.

cheryl: maybe brexit won't happen down the road. we don't know. you'll be covering it for fox business. well, we had fireworks in this country yesterday, speaking of press conferences, everybody. the russia probe review getting the green light. president trump ordering the intelligence communities to cooperate with attorney general bill barre barr's. ashley: jill jua jillian turns from president. >> reporter: the president authorized the attorney general, william barr, to declassify info related to a surveillance investigation of the president's 2016 campaign and the origin of the mueller probe. the memo directs the intel community to cooperate fully with barr's investigation and turns the heat up in the battle between president trump and the fbi over what he calls spying on his campaign. the white house memo reading, the heads of each department or agency that includes an element

of the intel community shall promptly provide such assistance and information as the attorney general may request in connection with that review. the chairman of the house intel committee reacting to that new memo, shortly thereafter last night, tweeting while president trump stonewalls the public from learning the truth about his obstruction of justice, trump and barr conspired to weaponize law enforcement. the coverup entered a new and dangerous phase. this is unamerican. now, the move's likely to further anger democrats who for the most part believe barr's actions to date have protected the president at the expense of the constitution. >> what he is doing is an assault on the constitution of the united states. we can walk and chew gum at the same time. i hope he can too. >> reporter: president trump insists he's not the one who is the problem. >> they have unsuccessfully tried to take down the wrong

person. you look at comey, if you look at mccabe, if you look at strzok, if you look at his lover, lisa page, he talked about the insurance policy just in case crooked hillary loses and that didn't work out too well for them. that's h treason. >> reporter: the new memo includes declassification of the fisa warrant that authorized surveillance of the trump advisor, former trump campaign advisor, carter page, surveillance of george papadopoulos and other documents at the heart of the russia investigation. the president heads to japan shortly, leaving all of this behind in washington for a few days. cheryl and as ashley. cheryl: jil jillian, thank yoy much. ashley: the house approving a bill to make major changes to the country's retirement system. the measure would make it easier for small businesses to band together to offer retirement plans. it would also allow part-time workers to save for retirement and make it easier for workers to transfer their plans when

they change jobs and also the age that people must start drawing from their retirement savings would be raised to 72. that bill now goes to the senate. cheryl: well, the boeing 737 max fleet could be back in the sky as early as this summer. reuters reporting that the federal aviation administration expects the planes to be ungrounded as early as, get this, late june. this is big news. the 737 max has been grounded since march after two deadly crashes that killed more than 300 people. the faa has said it is making sure that the planes are as safe as possible. ashley: all right. back to the news. the breaking news, just moments ago, british prime minister just announcing she will indeed quit as the u.k. conservative leader on friday, june 7th. so the question is, what's next for britain's exit from the e.u. if they could ever find a way out and how could this impact the markets. joining us now ashley

casserberry. she worked with the u.s. mission to the united nations. and michael hewson, chief market analyst. thank you for joining us. ashley, let me begin with you. so now it is official, finally theresa may -- i say finally, because this has been in the works for quite some time. she will move out of the way. if indeed borris johnson is her replacement, what does that mean? because he's very much a hard brexitere, he's happy to bail out with no deal in place. how does this process move forward, knowing that parliament is not on board with what borris johnson wants to do. >> this definitely impacts the european parliamentary elections which the european union wanted to avoid previously. they are very disappointed with the fact that the political crisis going on in the u.k. is spilling into their matters. they feel it's a bug big distra. with regard to borris, in terms

of negotiating new dates as far as brexit, the european union tends to be kind of like more firm, of we're not willing to change the dates. we're sticking with the schedule that we have. i feel they're going to be not as flexible as they were prior to. ashley: michael, let me bring you in. i found it interesting that we saw sterling move higher this morning which i thought was interesting because it had been coming down on fears that maybe the u.k.'s more likely heading towards a no deal brexit. why are we seeing that uptick in sterling this morning? >> well, i think you have to put it in the context of where we've come from. we've declined 14 days in a row. we're womaning up to a long week -- we're coming up to a long weekend in the u.k. as well as the u.s. i think some of those short positions have been taken off. she laid out a timetable for her departure, which is after president trump leaves these shores after the d. da day come

memberemembrance. i think the fact that borris johnson might become the next leader, and that is a might at the moment because he still needs to make it onto the ticket and the m. p.s draw up the ticket and there's not a lot of love between som m.p.s towards borris johnson and the elections could dictate how the european union retook the possibility of a possible extension five months from now. if the liberal democrats do particularly well, and we'll know the results on sunday, they could afford to cut the u.k. a little bit of slack while they come to a common position. what it does do, is it makes a general election probably more likely between now and the end of october. ashley: that's a good point. let me follow-up on that. borris johnson will have the

same problem theresa may had. perhaps the only way to get a majority in the house of commons is to go to a general election, to get more votes in parrel par. is that where we're headed? >> it may happen. we have to see how it may impact the brexit decision. if so, they have to definitely reach some sort of political consensus in the parliament because if not, then it's going to definitely be more political turmoil within that can definitely impact the brexit process going into the situation in october. ashley: very quickly, michael. could there be a scenario where there's a second referendum? >> i think that's unlikely. i think simply because of the fact that it will be very, very difficult to actually put together a second referendum in the time allotted. that being said, there's also a concern about legi legitimacy.

i think that is up in the air. ashley: who knows in this process. ashley, michael thank you very much for joining us this morning. cheryl: during your interview, the irish foreign minister came out and spoke and said doesn't see the e.u. offering any better deal or new deal. ashley: not surprising. cheryl: we are going to take a quick break. we are watching futures this morning. we've got green arrows after all the pressure we saw thanks to all the trade concerns by investors yesterday. dow is up 144, s&p is up 16 and three quarters, nasdaq is up 40 and three quarters. and coming up next, it was drama in d.c. >> i wish the staff would have an intervention. >> let them get this angst out of their belt, when they do things will happen so quickly heads will spin. i'm an extremely stable genius. cheryl: is there going to be any peace in washington?

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we believe the president of the united states is engaged in a coverup. >> i don't do coverups. >> now this time, another temper tantrum. >> the group, crying chuck, crazy nancy. >> i wish his family or his administration or his staff would have an intervention for the good of the country. >> kellyanne, what was my temperment yesterday? >> very calm, no temper tantrum. the>> you were very calm. you laid out the case.

>> what was my tone yesterday at the meeting. >> very calm. i've seen both. this was definitely not angry or ranting. cheryl: that was just a piece of the d drama on capitol hill with nancy pelosi accusing the trump administration of a coverup. the president has given attorney general william barr authority to declassify documents related to campaign surveillance during the 2016 elections. this was a blockbuster yesterday. seeing as how the results of the mueller report weren't enough to get the government back on track, there's do w do we have g to look forward to? andres, good morning. how heated and rough is it going to get in washington? are they going to get any work done? >> i don't think so. i don't think they have any incentive to get any work done. democrats are doing what they promised they would do when they took the house in 2018. all they want to do is create

this aura of investigation around the president. they didn't get what they wanted from the mueller report. that doesn't mean they're going to drop the talking points of the mueller report. they want to create an eternal investigation. i think the most obvious manifestation of that is nancy pelosi and how her actions don't necessarily line up with her words. because you hear her saying that donald trump is an assault on the constitution and she's calling for a an intervention. but the problem is, she has a constitutional means to create an intervention and it's called impeachment but she's not going to go for it. i think it's because she doesn't want this investigation to end. cheryl: well, i mean, that's the thing, though. the president seems to be kind of goating her in take direction. you go to bill clinton during the impeachment hearing against him, he was quiet, he ran the country, did the work of the country and it played out behinds the scenes. this is a vocal assault by the president. it seems like he wants for them to come out and -- i think he's looking for basically justice when it comes to why he was

being spied upon in 2016 when he still firmly says i did not collude with the russians. do you think this will vindicate him if they declassify all of this information? >> i think he certainly believes that. i think that he recognizes that he has nothing to gain or he has nothing to lose from finally deciding an answer to this question. he know as the facts -- the facts as they exist now support his no collusion, no obstruction narrative. because he knows that even if impeachment passes the house, it will die in the senate. the facts support him. he wants to end the investigation as quickly as possible. it's been going on for two years. he just wants it to end. if the means to end it is impeachment, that's the way to do it. cheryl.cheryl: this is up to bs discretion what he wants to declassify.

can you see a scenario play out where barr says there are certain things i don't want declassified, per national security, which in a way would go against the president trump's directive but would be best for the issue of national security. >> yes, i think that's absolutely a possibility. you saw that he did that same thing in the mueller report, he redacted things for national security reasons, regardless of whether or not they helped or hurt the president, so, yeah, i certainly think that. cheryl: declassify but maybe with more redactions and then the democrats in the house will start yelling at him for that. this isn't going to end, i think to your point, but thanks for consistenconfirming that for us yesterday. it was a wild day yesterday. >> it was. cheryl: thank you very much. ashley: every day a wild day. let's take a look at the action on wall street this morning. take a look at what the futures are indicating. hey, it's up. dow significantly up, 145 points, good for half a percent gain, same story on the s&p and nasdaq. all right, coming up, china looks like it is ready for the long haul in the trade fight

with the united states. what does that mean for your pocketbook? and will rising gas prices make holiday travel more expensive? we'll break it all down, right here on "fbn: a.m." ♪ ain't that the american dream. ♪ run with us in the unstoppable john deere gator xuv835, because when others take rain checks... we take the wheel. run with us. search "john deere gator" for more.

cheryl: we want to recap the breaking news. if you're just waking up, british prime minister theresa you may just announcing about 30 minutes ago she will be quitting as the u.k. conservative leader. june 7th is the date she plans to resign. global markets watching and reacreacting. european markets were higher earlier but the ftse is still in the green, up 48 points. we'll watch that market closely. the french and german markets higher as well. the future of britain's exit from the e.u. still in question. taking a look at currencies, there was reaction as ash

mentioned at the top of the show. you want to watch the pound today whichs is strengthening against the u.s. dollar. taking a look at the 10 year here. there's been a lot of -- basically a flight to safety here in this country as the trade war with china heats up and investors get more nervous. we're up 3 basis points this morning, the yield 2.33% higher. the 10 year has been a big story. let's take a look at what's happening with the asian markets. as you can see, the nikkei, shanghai, hedg hang seng, those markets higher. japan is under a little bit of pressure. president trump will be heading to japan this weekend. we'll be watching that as well. ashley: investors are on edge as they weigh the potential damage from the ongoing u.s.-china trade war on the u.s. economy. edward lawrence asking san francisco's fed president about the impact of those chinese tariffs on some u.s. companies which begin next week. >> they are starting to think,

though, take that at some point that they'll have to pass along certain price increases to make sure their profitability isn't injured. >> it won't affect inflation? >> it will move it back up to 2%. >> but not above. >> no. ashley: let's bring in michael lee, market strategist, as well as phil flynn, a fox business contributor many thank you for joining us. let me begin with mike. mike, you say the impact of the tariff as they kick in on the u.s. economy is very hard to gauge. and you say anyone that tells you exactly what's going to happen, they don't know what they're talking about. is it a significant threat? >> i don't believe so. i think in a worse case scenario we go to 25% on the $500 billion, that's $125 billion in a worse case scenario on a $22 trillion

economy. the exports will drop. portions will get eaten up along the supply chain from the manufacturer, to tim porter. there will be some price increases. it will allow for other companies that are supplying their manufacturing and their raw materials from different areas to profit greatly, particularly companies that make things in america. ashley: of course the longer it goes on, the worse it becomes, surely. >> well, he yes and no. because it will spur additional innovation in the u.s., additional manufacturing in the u.s. and there's a multiplier effect. i think this will be a net negative. i think it will be smaller than most people are predicting. ashley: interesting. let me get to phil flynn. let me talk about oil. your area of expertise of course. we saw a big selloff in oil yesterday. is that a result of more oil in storage or is that a reflection of the global economy? >> i think it's both. we did get a really big increase in crude oil supplies last week

and that shocked everybody. there's a lot of weird reasons for that. but really more concerns about the global economy and where we're going right now. a lot of times you look at the price of oil and when you get a big selloff like that, it can be like the canary in the coal mine for the rest of the economy. we saw that last year when oil prices crashed and it brought down the stock market with it. because that price of oil was like a confidence indicator in the overall economy. so sometimes when you get these big selloffs, they look at the other markets and say hey, if there's something wrong with oil, maybe there's something wrong with the global economy. i don't think it's that bad. i think part of this was technical, part of it was the holiday. but you have to respect those type of big moves because it can be sending signals. ashley: phil brings up a good point, michael. if you look at the signals and what people are saying with regard to this trade war, there's some predictions out there that this is catastrophic, this is armageddon.

the u.s. economy is still healthy, right? >> we're in unbelievable shape. last week we got the highest consumer confidence number in 15 years. unemployment is near 40 year lows. there are more jobs available than people looking for work. there's some difficulty in some corporate earnings with some tough comparables over last year. this economy is humming. gdp came in higher in the first quarter than most thought. i have no concerns about the u.s. economy. it would be better if we weren't in a trade war but it would also be better if china wasn't stealing $300 billion worth of intellectual property on an annual basis. ashley: that's true. in tensioner reports, there are mentions of the chinese tariffs. you think that might be a crutch? >> be aware of companies using it as a crutch, blaming it for management failures. earnings by nature are managed and ma manipulated to fit a narrative. it's a game of under-promise and

over-deliver. i'm not too concerned about this. ashley: phil, to you, lastly. memorial day weekend, what can we expect for gas prices? we had a big dropdown yesterday. that's going to take a long time to work through the system. >> it will. actually, i think prices have stabilized. we saw prices fall a little bit in the kickoff to the summer driving season, it's looking good. i agree with michael lee. the economy is doing great. if you measure it in miles per gallon, we're seeing it on the open roads. triple a says we'll be just shy of the record for travel by automobile. i think we're going to break it. i want to see if triple a is right or i'm right. i think we'll set a record for automobile travel. let's hope it doesn't rain. it messes everything up. ashley: we shall see. phil, michael thanks for joining. cheryl:.cheryl: i want to showe estimates from triple a. if you're going to be driving this weekend, watch out for the

memorial day weekend. if you're hitting the road, expect heavy traffic. they're saying at this point -- phil might be right -- 43 million people will be leaving on road trips. that's the highest expectation we've seen since 2005. 38 million hitting the road for ton official start to summer, that's the most ever, despite rising gas prices. so over 40 million in total, you'll be flying, driving. the drivers are going to be big. ashley: congress is expected to approve a $19.1 billion disas r teadisasteraid package one day t cleared the senate. it would give money to states impacted by flooding, hurricanes, wildfires and other natural disaster. no funds will go to border security. the house is expected to approve the measure before sending it to the president's desk. cheryl: harvey weinstein reportedly reached a tentative

$44 million settlement to resolve lawsuits against him. according to the wall street journal, $30 million will be paid to plaintiffs, $14 million would go for legal fees. the agreement would not affect a criminal case against weinstein happening in new york. that case charges him with rape and other sex crimes. weinstein pleaded not guilty and he is denying this. ashley: all right. quick look at the futures for you. have been pointing to a higher beginning on this final day before the memorial day weekend. the dow is up at this hour 135 points. still ahead, at least three dead in missouri while oklahoma deals with days of flash flooding. intense weather sweeping through the midwest. we'll have the latest for you. burger king looking to invest in the future, details on how the fast food chain wants to help the next generation. keep it here on "fbn: a.m.." -driverless cars... -all ground personnel... ...or trips to mars.

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we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. we're the tenney's and we're usaa members for life. call usaa to start saving on insurance today. cheryl: a curfew is in place for parts of jefferson city, missouri, after a violent tornado left people digging through the rubble of their destroyed homes. >> within two seconds, the side of my house is gone. we were being hit with bricks, the roof. it was a terrifying moment. i'm still scared. cheryl: the red cross is opening three shelters in jefferson city and nearby elden after several twisters tore a

cross the state. a tornado hit one city for 22 minutes. three people were killed. ashley: janice dean is live in the fox weather center with the forecast as we head into the memorial day weekend. janice, what can we expect? janice more. janice: more of the same, unfortunately. there is a risk for severe storms across the central u.s. storm reports, hundreds of storm reports, dozens of tornadoes reported. even one in and around the d.c. area yesterday, no damage reported. we have tornado watches for parts of kansas and nebraska and even tornado warnings still ongoing. so this is going to be a situation not only today, but for the next several days. not only that, heavy rainfall and we're going to see epic flooding across portions of texas, up towards oklahoma, the arkansas river could be

catastrophic this weekend. so that's going to be a huge story. there's your so se severe threan saturday. much the same on sunday and monday we have the same weather pattern with the same areas getting hit hard, not only by severe storms but flooding. flash flooding is occurring or will occur we think in parts of texas, the panhandle, up towards the great lakes. down dew point streamstream, th, arkansas river, watching those. the monday forecast, hot for a lot of areas across the country. look at these temperatures, 95 in atlanta, 94 in nashville, 80 here in new york city. but again, the take-away is we're going to still see the potential for strong to severe storms across the central u.s., something we're going to continue to monitor for the next several days. ashley: we've got to break this pattern, janice dean. thank you very much. jared: of course. cheryl: let's take a look at how your money is doing on this friday morning. we're going into a three-day weekend which is always interesting the last trading day before we go into the holiday

for the markets. the sips up 15 and-a-half -- the sap is up 15 and-a-half. amazon is going no, sir take kn. we'll have details. the galaxy's edge park, you'll take home memories, soup nears and maybe a -- sou souvenirs and maybe a droi. we'll be right back. ♪ heading into retirement you 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

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cheryl: here are other headlines making news this morning. concerns at snapchat, employees reportedly abusing user data. the report says employees used internal tools to access data, including location information and saved photos. one of the tools was originally designed to gather information at the request of law enforcement. there is snap in the premarket, down more than 1.5%. google expanding in new york city. the tech giant buying a historic building in the meat packing district for $600 million. yeah. according to the financial times, that's 100 times the price it once sold for in 1996. that's a flip, folks. plus, get ready for amazon to read your emotions. the company reportedly is working on a wearable device that would act like a mood ring but it would use your voice. the device would connect with a smartphone and microphones to

perceive your emotions, this is according to a report in bloomburg. it's unclear if the device will hit the market. eating at burger king could mean good news for your wallet. there is a promotion that could help some customers eliminate student debt. you enter your monthly loan payment amount after you buy a meal, of course, using the mobile app. burger king will randomly select a winner. this is big star wars fans, they are foaming at the mouth to get to the galaxy's edge at disany land. they have another reason to get excited if you have a lot of cash on-hand. one of the shops will be selling a fully customizeable live-size robot, like an r2-d2 that you can take home. they will come with full life sound, electronics, the aluminum head, remote control and a charger. $25,000. ashley: oh, my gosh. cheryl: it doesn't include tax or shipping. you're paying tax on top of

$25,000 in cal california. ashley: you need a mortgage just to get into the parks. coming up, a whole new world coming to theaters this weekend with the debut of disney's new live action aladdin, will it truly be a diamond in the rough at the box office? we've got the latest hits coming to a theater near you when we come back. ♪ run with us.

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♪ no, no. ♪ cheryl: you know that song, right? if you've seen aladdin, the aladdin remake hitting the big screen this holiday weekend. is this going to grant disney's wish for another big hit. ashley: we have what we can expect at the box office this weekend. >> good to see you guys. happy friday, for sure. memorial day weekend, big box office. hands down obviously aladdin will be number one. think about 75 to $80 million. so pretty good numbers. however, not blockbuster busting. these live remakes kind of over saturation. dumbo came out, was a giant ear flop at the box office. they have mulan coming out. the other thing is the fact that

the casting, the star power, if you asked somebody on the street who is aladdin, the average person doesn't know who is playing aladdin. it's mena masood. we know will smith is th the ge. if you have kids, you will see aladdin this weekend. teenager, college, there's no perhaps real desire to see it. ashley: interesting. cheryl: especially after the avengers came out for disney. i'm sure disney is like whatever, aladdin is great, but okay. >> 80 million, it's going to debut number one. next week, you have rocket man. will it be number one next week? probably not. ashley: the elton john biopic. which is a big thing right now. >> rocketman is the one that's getting a ton of buzz right now, coming off of bohemian. box office alone, have you that, then also the avengers is still

otout there. what's interesting with that, i think for this weekend if you haven't seen it yet, is there a desire still to see it? it's been out out for over a mo. last week it dropped from the number one spot, to john wick. will people see the avengers? probably not, if you haven't seen it already. they still have the die hard fan base that sees it multiple times. cheryl: do you think we'll have a big summer box office in general? >> yes, because of why? lion king. lion king is going to do great. where aladdin won't do great, lion king is going to crush it because i want to see it. you know what i mean. and just the animals, that whole perspective. so disney will be just fine once the lion king comes out. ashley: is the box office coming back? for a while, many people were saying i'm just going to binge at home and watch netflix. they're trying to create this experience. >> now you have certain theaters

where you ca can drink, which is always good. you can drink, get better food delivered to you. cheryl: you can dpling a dpli a theater. okay. >> they need to come up with more original ideas, stop doing the remakes. things like the avengers, star wars, it's going to continue dominating. cheryl: the live action, this is a new way of doing it which i think is cool. >> it is exciting. it will be interesting to see how it goes. a aladdin, i don't really like will smith as the genie. he looks weird to me. cheryl: he doesn't look like himself. he looks a little scary and freaky. and will smith is a good looking, fit man. ashley: and a talented guy. >> it will do fine. number one for sure many it's fun, memorial day weekend, if the weather's bad, go to the movies. ashley: that's a good point.

thank you so much. >> thanks, guys. cheryl: we've had a lot of action during the show. we had the breaking news, theresa may, if you're just waking up, folks, resigning on june 7th. ashley: june 7th, a friday. cheryl: she was so emotional. ashley: she was choked up at the end, for sure. cheryl: theresa may is out and brexit, we'll have to see. ashley: we've been saying that for a long time. cheryl: it's been a busy, yeah you. >> i hour on "fbn: a.m.." we now send it over to "mornings with maria" with dagen mcdowell. dagen: it helps with ashley being there, the whole british accent. you know. ashley: i'm from nebraska, really. dagen: good morning, i'm dagen mcdowell in for maria bartiromo. it is friday, may 24th. your top stories at 6:00 a.m. eastern. breaking news this morning, british prime minister theresa may resigning. she set the time line for her departure. the details straight ahead. china trade turmoil, president trump saying huawei is very

dangerous, but could be part of