>> good morning. it's friday may 29th. welcome to "way too early," the show that gives you everything you need to know plus sports weather and fun stories that you may have missed. we're coming to you live from washington d.c. we begin this morning with a political story that has this town buzzing. it has nothing to do with 2016. it is on the cover of newspapers across the country today. dennis hastert the longest serving republican speaker in the history of the house is now facing years behind bars after being indicted. he's accused of violating banking laws by trying to hide more than $900,000 in withdrawals but it seems this is more than just some financial irregularities. they were take ton hide past

misconduct and then he lied about it when questioned. here is what we know about the case and the unnamed individual. the indictment says individual a. confronted has tert in 2010 and he agreed to pay co-conceal the alleged misconduct. the person grew up next to hastert's hometown where he once taught high school and coached wrestling. they say the alleged misconduct happened years earlier than 2010 and the person has known has hastert's his or her life. and his coaching and attaching is mentioned in the first few parts of the indictment. >> they could have picked some other things because he went from being a high school teacher to a member of the illinois general assembly.

that's not in this document that we have. i think the people who -- the lawyers who drafted this did this for a reason. otherwise, what material nature is this? i think in due time because chicago investigative reporters have a great tradition of figuring these things out, i'll bet we'll know who vij a. is in a matter of time. >> prosecutors say the exspeaker made $50,000 withdrawals at various banks. when a bank questioned those withdrawals, he started to take out less than the $10,000. that way the transactions would not have to be reported but the fbi began investigating the withdrawals and interviewed hastert about him. prosecutors say he denied trying to skirt banking rules or that

the cash was being used as hush money. he said he was keeping the money because he did not trust the banking system. we'll have more on this story throughout the day and you have to know an army of reporters is now on the ground. expect more to come out. let's keep it on the alleged scandal beat. in a few hours members of soccer's international governing body are going to elect their next president. this comes two days after indictments were handed down to nine high ranking officials despite the scandal, and john going investigations it's expected that seth blatter will be able to defeat his challenger. yesterday in his first public comments since the news of the indictments broke. he didn't back down. peter alexander has more. >> reporter: under fire as never before, his top lieutenants indicted and facing calls for

his resignation. fifa fifa's president pushed back, deflecting responsibility. >> we or i, cannot monitor everyone all the of the time. if people want to do wrong, they will also try to hide it. >> reporter: blatter has not been indicted and is favored to win a fifth term tomorrow extending his reign and a reputation as a survivors. >> in the past when there's been controversies, he's survived. >> vladimir putin came to his defense. accusing u.s. authorities of mettling. u.s. officials dismissed allegations. >> that's not what we've done and it's not what we're doing. >> reporter: federal authorities allege more than a dozen fifa

executives pocketed at least $1,500 million in bribes and kickbacks. fifa takes in billions worldwide. sponsors paid fifa more than $1.6 billion. visa signed a $170 million deal to sponsor the world cup. they're demanding steps be taken to address the issues. they are threatening to readdress their sponsorship if they doercht clean up their about. >> the u.s. has come out and said publicly that it will vote for blatter's opponent. it's blatter's support in the asian federation that many experts believe will carry him to a fifth term. it will be a telling vote. speaking of telling votes, let's turn to politics. sitting rock bottom in the

polls, george pataki he went to the granite state yesterday. >> we're here in new hampshire, birthplace of the republican party, abraham lincoln's party who saved the union and brought the promise of freedom to all americans. it is to preserve and protect the freedom that i announce that i am running for president of the united states. >> pataki who spent twelve years as governor served his last day in office in december 2006. he brings the total number of announced candidates to eight on the gop side but there's more. senator lindsey graham and rick perry are set to jump in next week. they keep oncoming. meanwhile the national security argument is brewing within the gop. scott walker said he respectfully disagrees with rand paul that republican hawks are to blame for the rise of isis

but peter king, he had some much tougher words for senator paul. >> i think rand paul should be a leading contender for the democratic nomination for'. this is classic anti-republican type of propaganda that's been spewed over the years. he does not belong in the republican party when he carries that message. >> also in his interview king says he has not closed the door on running for president. >> how seriously are you considering getting into it? >> i've been up in new hampshire about nine times. i'll make a decision in the next month. i'm still looking at it. in any event, we can't allow the republican party to fall into hands of those who are anti-defense and who would weaken our national security. >> make no mistake, he wants to run, a national security based campaign. the emotions that rand paul skirs up in that party is

fascinating to see. here's another issue. the senate is coming to town late this weekend to stop what many are calling a national security nightmare. sections of the pie trot about, they expire sunday night and also two other provisions. with the house in recess until monday people admit nothing will be done before this drop dead deadline. all eyes are on kentucky senators majority leader mitch mcconnell leading the fight for reauthorization and rand paul who is preventing mcconnell from reaching the vote threshold for even temporary extensions. it's going to be a fun one to watch in d.c. let's go to colorado. did the bat man movie massacre suspect know what he was doing? a court appointed psychiatrist says yes. they say he was mentally ill but legally sane. they say he was able to

determine the consequences of the shooting. holmes has pleaded not guilty by reason of insanity. this is the first time a mental health professional who examined him testified in front of the jury. let's turn the page to business on this gdp friday. the government report comes out later today. economists are expecting to learn the u.s. economy shrank in the first quarter mostly due to the brutal winter and rising value of the dollar. we also got news overnight that jpmorgan has begun cutting job. it's part of a plan to trim costs and move toward mobile banking. the bank has reportedly cut 1,000 positions and plans to cut an additional 4,000. also overseas on markets after stocks in china took a massive plunge yesterday. let's bring in hadly gamble from london to talk about this.

it's friday afternoon in china. how are they doing now? the shanghai took the tumble yesterday. >> yes. the chinese equities ending much like they began dropping off about 4%. it was a mixed week. the shanghai composite plummets 6 %. the equities took heavy investment in the last week. i want to get to one story with legs even here overseas. that's the fact that the chairman of wall greens the u.s.'s largest pharmaceutical company has said that president obama made the company his whipping boy and he essentially said this after president obama accused them of trying to game the system. that's by moving their head quarters overseas. there was a major merger between

wall greenes and alliance. they were talking about moving. that was smacked down by the press and the white house h. he said they were taking the opportunity to select the company and even think about inverting and using them as a whipping boy relative to the further their agenda. they say the company is going to stay in the united states but he's not very happy with the white house. >> yeah. they made a big pr push for that. i remember that story. the other thing i want to ask you about. big news coming from google. what are they coming up with? >> some crazy new things this. they're going to allow you to see vd on your iphones. via a cardboard box. you get a box and put your iphone in it and look through the little eye holes and you can see virtually wall reality. it's exciting. you also have the big folks at google deciding to give back.

they have all of these apps and now they've decided you can store your photos online for free. photos and videos online for free via a new app on your smart phone and online. some gift giving because even the cardboard box is only $4. exciting things coming out of san francisco. >> if someone runs into me on the street because they're wearing one of those thing i'm going to be displeased. take care. great to see you. still ahead on "way too early," give someone a twitter account and pretty soon they'll opine about sports. follow me after 8:00 at night. hear from president obama had to say about the bulls firing the coach of his hometown team plus. >> what the heck does that mean?

that's a word i can't even pronounce let alone spell. we'll show you if this whiz kid pulled it up. stay with us on msnbc. >> your lyes andives and how you live them that is the undeniable legacy of you, the men and women, i call the greatest generation. you probably know xerox as the company

that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. with xerox, you're ready for real business.

well, a mortgage shouldn't be a problem

your credit is in pretty good shape. >>pretty good? i know i have a 798 fico score thanks to the tools and help on experian.com. kaboom... well, i just have a few other questions. >>chuck, the only other question you need to ask is, "what else can you do for me?" i'll just take a water... get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credit decisions. . >> i'm thrilled to have you on the program. >> thanks for having me. >> come on. what are you doing? just get this on there. will you, please? >> perfect. >> just -- if it gets thirsy

just give it a little water. >> that was jon stewart protecting the often fragile right arm of matt harvey. time for sports and the association. let's go there. the bulls have parted ways with their head coach after five seasons with chicago. despite playoff appearances in each of those years, friction with the bulls front office reportedly led to his dismissal. president obama an avid bulls fan addressed the matter on twitter saying love thibodeau. sorry to see him go. expect he will be snatched up soon by another team. imagine if you could let the president go off an sports as much as he wanted. let's go to tennis. williams battled back to win a second round matchup.

fifth ranked wozniacki was upset. i think it's the first loss for her since her breakup. too bad to see. let's go to major league baseball. josh hamilton in his first game back in texas. great to see him back. facing the red sox. he was 2 for 4, an rbi single. 5 to 1 victory. let's go to anaheim. the los angeles angels of anaheim, stupidist name in sports already leading. chris annette a in the sef seventh with the based loaded. >> going back. that one is gone.

grand slam time. >> grand slam time indeed. clears the bagssses with a grand time. the angels win it. we give you the highlights. remember this scene? the crying pick lowe girl. the video went viral. well, it is now -- it landed her a chance to play with the roots. thanks to a kick starter campaign that surpassed its mark of raising $5,000 she'll become a plastic bobble head fig youure reen. let's go to weather. a lot of tears coming from the player. rain more across the midsection of the country? >> yes. we're still talking about the rain. this is a very serious issue. i want to show you what was going on in lubbock, texas.

this is north north texas. we're still talking storms through the dallas area down to corpus christi. a renewed threat of flooding with additional storms today and tomorrow and then the rain machine finally shuts off. that is going to be good news. let's go to the radar. i want to show you what we have. it is a lot of active weather. strong storms through the dallas area. this line is starting to weaken as it moves toward houston. later today these storms will fire up once again with cold air from the north clashing with the moist air coming up from the gulf. the slight risk area is western texas. lubbock under the gun later today along with san angelo where we could see large hail and flooding rains the issue. they're up. over the next three days 1 to 3 inches of rain. it depends how slowly the storms move. there's a look at your forecast across the country. >> it's remarkable.

it has not stopped raining there for weeks. thanks so much. still ahead, a big question surrounding jon stewart's departure has now been answered. we're going to bring you up to speed and give you the day to mark on your calendar. we'll be right back. lewis louis burgdorf coming up. er. >>hey. keep your chin up. for years, heinz ketchup has been with the wrong mustard. well, not anymore. introducing heinz new better tasting yellow mustard. mmm!

[meow mix jingle slowly and quietly plucks] right on cue. [cat meows] ♪meow, meow, meow, meow...♪ it's more than just a meal it's meow mix mealtime. with great taste and 100% complete nutrition, it's the only one cats ask for by name.

>> let's get a check on the

morning other's headlines with louis burgdorf. he's brave this morning. >> and then there were two top spellers. the spelling bee landed in a tie. 13-year-old vanya shivashankar and gokul venkatachalam duked it out for 20 rounds spelling words i can barely pronounce. take a look. >> pis -- >> myrmotherine. >> correct. >> are there any alternate pronunciations pronunciations? >> there's just sprachgefuhl.

>> how do you get those right? that's amazing. they were co-winners. now let's go to real estate news. the neverland ranch could now be yours. the former home of the michael jackson is going on the market for $100 million. the animals are gone. the 2700 acre property still retains the train station and the iconic floral clock. jackson bought the property for about $19.5 million but lived elsewhere after his acquittal of charges of child molestation. people trying to get a peek of the property are going to be out of luck. any prospective buyers will have

to go through a prequalification. >> and now to john jon stewart show. noah is taking the anchor spin far bit of the spin. >> welcome to the daily show. welcome. welcome to the daily show with me trevor noah. i am the daily show. daily show. new and sexy. oh, wow. that's a nice chair. oh. [ bleep ]. >> he looked for comfortable there. i might have to try to do that with joe's chair. the final episode of daily show with jon stewart will air august 6th. >> letterman, stuart lewis, our childhood is retiring before our eyes. we're getting old. that does it for this edition of

"way too early." thanks for joining us all week. let's bring in mika for a preview of what's coming up on "morning joe." >> thank you. the latest on the charges against den us has hastert. the president of fee a, why he says he should be reelected when fifa votes today and republican presidential candidate rick santorum made a strong showing in 2012 but gop field is a tad bit bigger than it was four years ago. that and so much more coming up next on "morning joe."

the network that monitors her health. the secure cloud services that store her genetic data the servers and software on a mission to find the perfect match. and the mom who gets to hear her daughter's heart beat once again. we're helping organizations transform the way they work so they can transform the lives of the people they serve.

we begin this friday morning with -- >> it's a major story. >> no it's a huge story. this is a big one. you don't lead with something like this in a moment --