plus robert frank working on delivering a high net worth individuals to the hamptons. in on -- there he is. there he is. robert's helicopter ride comin every day we hear from families who partnered with a senior living advisor from a place for mom to help find the perfect place for their mom or dad g and has met many wonderful residence and staffers. thank you for helping our family find our father a new home. we especially appreciate the information about the va aid and attendance program. up looking cozy, robert i feel i found the right place. a perfect fit. you were my angel and helped guide me every step of the way thank you. the senior living advisors at a place for mom partner with thousands of families every month, listening and offering local knowledge and advice to help find the best senior living communities across the country and it won't cost you a cent. this is a free service. call today. a place for mom. you know your family. we know senior living. together we'll make the right choice. >>> all right, everybody welcome back to "squawk box" this morning let

for "nightly business report," i'm robert frank. >>> and nbr will be right back. >>>acebook reportedly gave companies access to user records well after the company said it had shut off access for other developers. according to the journal," the company struck data-sharing deals with a small number of firms. those deals included information abou a user's facebkfriends, including phone numbers. the report comes as lawmakers try to hold facebook accountable for the way it manages its user information. >>> kia is recalling about haf million vehicles behalf potential faulty air bags. theautomaker says an electronic glitchre maynt the air bags from deploying. the recall folloal a fed investigation into four deaths and six inries. kia has recalled more than 1 million vehicles in the u.s. to address this issue. >>> well, t it is offthe races this weekend. the 3-year-old colt justify will be competing for horse racing history. hoping to become only the second horse since 1978 to capture the triple crown. eric hemmy is in elmont, new york tonight. >> reporter: the belmont s

that's what we got >> robert frank is going to the hamptons on a helicopter and then somehow marketing a tv segment he's getting a ride to the hamptons and saying let's bring a camera and make it look like work >> maybe i don't know if he'll stay out there, come back who knows. >> i thought you had the best gig on this network, you don't it's robert frank, he has a better gig than everybody else >> he figured it out >> he mansions, it's a verb. what are you doing this weekend? mansioning >> what's your phrase? rpp? is that it >> rich people problems. the nancy's mercedes broke down on the way to pick up the kids rpp. >> nice to see you >> i'll see you in a bit 7:00 if my mercedes doesn't break down >>> back to the markets. futures look like they'll have a good friday. jeff hirsch is here. dow is up 160, everybody go back to bed no >> it's the end of june. >> if we finish up more than 0.8, it will be a positive month. don't say sell in may and go away >> i won't >> in the last few years that's proven to be bunk. it's the worst six months period, it's worse in the midterm year you have p

robert frank is in new york for the battle brewing over helicopters. >> reporter: it's a picture perct here in th hamptons, which means cocktail paties and noisy helicopters.ss the busineof ride sharing in the sky has exploded across the country as companies make booking a seat onpe a chop as easy as booking on uber. here in the hamptons, the pioneer. offering seats for $700 from t manhattan tohe hamptons, turning a three tofour-hour wait in traffic to quick 40-minute chopper ride. this summer a new competitor h landed. blackbird. founded by a techeuropntreprene they are more like a seat in the sky. they already he more than 100,000 people on their app and they've flown 4,000 people to the hamptons just since memorial day. we booked a flight today on blackbird and flew on a called fox trot. we are just landing in east hampton 42 minutes after takeoff from manhattan. >> we are like airbnb for flights. most private flights only have about 16% occupancy on those flights. tons of open seats. those ring together all flights for people to book. >> reporter: david said w technology could make

yea robert frank tells us where the money is going. >> reporter: charitable giving jumped 5% last year to more than $400 billion. that is according to the giving usa annual report. giving individuals accounted for the bulk of that as rising stock political a charged environment and tax changes drove americans to write bigger checks. religion ishe top charitable cause in the u.s. receiving more than a third of all giving. education ranks second followed by human services. the only cause that saw a downturn was international affairs. and the biggest growth in gifts was to foundations thanks in part to megagifts frombi ionaires like facebook ceo mark zuckerberg and his wife givingearly $2 billion to the zuckerberg foundation and a michael susan dell giving $1 billion to their foundation. now it is ulear whether americans will be quite as giving this year. the new tax law raises the standard deduction so there will be millions of americans,ost them middle class, who will no longer itemize or deduct their giving.w without that incentive, some estimate charitable giving could fall by as much

so what would a win for either side mean for the tax bill robert frank is back at hq with that story deal is done in cash, they could write the largest tech ever to the irs $4 billion to $7 billion the tax issue has taken center stage in this deal murdoch might prefer an all stock deal since he would owe no taxes with that deal, but fox shareholders want the highest price since they wouldn't pay taxes on either deal >> here is now the math breaks down comcast offered $65 presidentbi the fox assets so their pretax payout would be around $11 billion he would have to pay a capital gains tax on that and since he lives in new york he has to pay the city and state income taxes. so his total tax bill on the $11 billion would be as much as $4 billion. but there's more now the remaining fox assets would be spun off into a new company. murdoch and other shareholders would have to pay a dividend tax on the value of that new comp y company. that tax could be anywhere between $2 billion to more than $3 billion so the murdochs could owe a total tax bill of up to $7 billion when this is done. now o

robert frank, who else, is live at the east hampton airport with more robert, can you hear me with all noise? >> reporter: i can, michelle luckily, it's in the aircraft not a helicopter it is famous for its pristine beaches and peace and quiet. but now the boom in air taxis from helicopters has made it a virtual battle zone from manhattan. last year there were 6,000 takeoffs and landings from this little airport it worked out to be in a busy day in august about 100 per day. for the people who paid $700 to $800 per seat, that means two or three extra hours on the beach instead of sitting in traffic. for people all throughout long island, they say they have had enough of the noise. >> it's very loud. it's stressful it's distracting you could be on the phone, you could be reading, you could be having a meal with friends, you could be sitting on the deck just trying to relax oren joy the peace and quiet of your home, which you should be entitled to do and it's constantly disrupted. and sometimes they're only separated by a minute or two >> now, blade, the leader in this industry says, look

robert frank, thank you, from east hampton. >>> coming up on the closing bell today, new ceo of deutschey bank that didn't pass the fed stress test shares are up 3%, a lot more llt to be outdone by wilfred i' be all over that on "closing bell," too. dow wiping out june's losses >>> good morning, it's 8:00 a.m. at tesla headquarters in palo alto it's 11:00 a.m. on wall street and "squawk alley" is live ♪ this is gonna be the best day of my life my life ♪ ♪ this is gonna be the best day of my life ♪

" we're going to bring you inside some of the most expensive homes in the country who else but robert frank with more hello, robert. >> hello, michelle well, believe it or not, nantucket is now more expensive than the hamptons. the average sale price there, $2.3 million versus only $2.1 million in the hamptons we toured a $42.5 million mega home which is actually 12 homes in one and it's got its own digital brain room you're looking at harbor hill, one of the most expensive estates on nantucket the 18,000-square foot mega home was repeatedly listed for $42.5 million. >> what makes this home different from any other home on the island is that it's a cluster of 12 cottages, each very reminiscent of classic new england architecture >> each structure is connected by glass hallways. there's a cottage for the dining room, one for the master suite, and even one that's home to the great room the owner is a telecom tycoon who spent a fortune to wire his summer home with a cutting edge glowing brain room >> the technology alone is worth $2.5 million >> the millionaire hid the island's only subterrane

robert frank joins us now with a look at the life of anthony bourdain >> he was called a celebrity chefike everything else in his life, anthony bourdain defied convention when it came to his brand and his business. after a troubled youth with drug addiction and lots of financial troubles, he worked his way through various new york kitchens and eventually rose to become executive chef, but his big break came when he was 44 and that book "kitchen confidential" was started as an article in the "new yorker," became a best seller in 2000, selling over 1 million copies. he leveraged that into a dozen more books and cook books and four tv shows with his most recent, "parts unknown," in cnn, that was in production for its 11th season when he died and he won 5 emmys for that show. unlike many celebrity chefs, he did not open a chain of restaurants or all the food products he didn't even have a restaurant he did have plans to open bourdain market, a giant food hall in lower manhattan, but that project fell through last year he also invested in a food and travel site called roads and kingdom. but

robert frank gives us the details. even a new one >> i know you like the new cars, not the old cars but these old ones are getting more expensive by the day. a 1963 ferrari broke the record for the most expen ever so sources telling me this ferrari sold last month in a private deal for $70 million >> what? >> now, the seller was a german collector. the buyer, this is the interesting part david mcneil he's the founder of weather tech, the maker of car floor mats ferrari's gto model is considered its holy grail of the brand. ferrari only made 36 of these cars those owners are members of the most elite car club in the car world. it includes ralph lauren, walmart heir rob walton. previously the most expensive was for $52 million. another gto holds the record for the most expensive car sold at auction. it's that car. it fetched $38 million in 2014 now, this particular gto won the tour de france unlike a lot of gtos, it never crashed. hit last sold for $6.5 million. >> that would go for much, much more >> that's the car that

but to be frank, robert de niro doesn't speak for the totality of the democratic party, the resistances sam an the bee or bill mar. but the issue is we are -- some folks but not me but some democrats and folks on the left are allowing the right to frame this conversation so he comes out and said f trup and the democrats are waging war and we have to hunker down on the right. we cannot allow ourselves to be tricked into using the rhetoric and the playbook of the right. so, look, i don't really give a damn about what robert de niro says about donald trump and frankly many people feel the way that he feels but what folks care about and what will move the needle is talking about the issues and every single time we allow ourselves to get tripped up into what something -- or someone in hollywood said, that is playing into donald trump's hands and that is the game that i'm not going to play. >> amanda? >> i would just say for the trump voter, the culture war is far bigger and more important than the republican versus democratic political war. and while people like simone are right to point ou

and frank figliuzzi, who has worked for robert mueller among others in the past. gentlemen, welcome to you both. frank, reading this reporting tonight about -- in "the new york times," what stands out to you? >> a couple of thoughts, brian. first, witness tampering is a very serious offense because it goes to the heart of our justice system and the credibility of the system. and in reading the charges, we're seeing a man here, paul manafort, who just seems to have utter contempt for the system. it's very typical for your bond conditions in the federal system to say, by the way, you can't have contact with witnesses in this case. not only did he have contact with witnesses, he had contact with multiple witnesses, and he did it using encrypted applications is what we're hearing. so that itself could show the intent to corruptly communicate and alter the statements of witnesses. the witnesses themselves came forward and reported it, so they're cooperating. so we've got here somebody who is acting a whole lot like maybe he doesn't care, and maybe because he thinks a pa

. >> frank, if he were to sit in front of potentially robert mueller or a member of his team and if he has done certainly to the press and in the public, what does he face? >> well, this comes down to the question of whether or not -- that we are talking about here, whether or not you could actually charge the sitting president or in the. i think we are headed to a trip to the supreme court on that if mueller indeed tends to go that route. i think the supreme court needs to get ready for a number of issues here. as your guests have said, we are seeing a bold assertion here with deeply flawed legal arguments in this 20-page memo to include the flawed argument that he can indeed stop an investigation at any time. you know, way back, several months ago, we heard the attorney general of the united states slip and introduce the president as the chief law enforcement officer of the united states. he's not. that's the attorney general of the united states. so we even have the amount .g flawed promise of his powers. >> building on what frank said there, what does he face? is it five years? two

frank: well, do you have something to say? robert: i think when these economies thrive we benefit. we benefit from a strategic and stability perspective. there are future new markets, the most rapid growth are in many of these same countries we're talking about for development and that's very important. to the biggest american companies all the way down because they are going to be the buyers of your own produce as well or products. maybe not everyone's businesses but the thriving markets. the other thing is, people aspire in the private market to the u.s. model business. i find this is a great response. we find this all the over the world. we have to look at the opportunities that will come from more robust partners round the world. ray: one thing when we review loans, we don't look at those that export to the u.s. we are not doing a steel mill in colombia that then exports steel to the united states. our loan process, we can't displace a u.s. job. and so it's very important to remember that. what we're trying to do is try to create other economies that are strengthened in other c

frank well knows. but the fact that they are continuing to delay mike flynn's sentence, mike flynn is cooperating with robert mueller's investigation suggests that he still has a lot more to give them. and you can contrast that with george papadopoulos, another trump campaign aide who pleaded guilty and was nominally cooperating. his sentencing has been scheduled for september. they are sort of done with him it appears at this point. but flynn may have a lot more to say. interestingly, you know, these stories cross because devin nunes sent a letter to the fbi demanding all evidence of contacts between fbi informants and under cover agents and a list of trump campaign officials. and on that list was mike flynn. so apparently devin nunes thinks that mike flynn was at some point talking to an fbi informant, nicolle. >> frank figliuzzi, can you go over the sen 10%ing of mike flynn and the notion they are dealing with ongoing requests for an unprecedented, it would appear, level of detail about an ongoing investigation. >> so, first, a couple thoughts on the flynn sentencing being delayed. first, look, i think wh

mueller's favorability, and by -- you know, robert mueller's favorability equals the favorability of the investigation, there's no question that this is -- just as frankvery specific, strategic targeted campaign that they are doing from the president to his legal team on down. >> and you know what, let's just play, you know, here, the president, frank. just sometimes he said it and then sometimes i want to play some of his surrogates who have also been saying it. here's the president. >> it's a witch hunt, that's all it is. it's all a made-up fantasy. it's a witch hunt. no collusion, no obstruction, no nothing. because of this ridiculous witch hunt, i have said, i'm going to stay away from the justice department until it's completed. well, the phony witch hunt. phony witch hunt. but you look at the corruption -- did you ever see anything like it, really? >> and his supporters. and this is perhaps what's interesting, right? it's not just him saying it. it is being amplified. listen in. >> robert mueller's witch hunt has now been exposed for rampant huge political bias. >> this is a witch hunt with no evidence and nothing else but a bunch of people who

robert de niro for slamming him at the tony awards. is hollywood playing right into the president's hands? i'll ask mark mckinnon and frank pruneny next. we do. with no artificial preservatives, no added nitrates or nitrites, and by waving bye to by-products. so you can get back to loving them. for the love of hot dogs. (wienermobile horn) hey, i'm curious about your social security alerts. oh! just sign up online and we'll alert you if we find your social security number on any one of thousands of risky sites. that sounds super helpful. how much is it? well, if you have a discover card, it's free. no way! yes way! we just think it's important for you to be in the know. all right! hey... ewww! everything ok? being in the know is very good. yeah, it is. ooo don't shake! don't shake! ahhh! know if your social security number is found on risky sites. free from discover. captured lightning in a bottle. over 260 years later as the nation's leader in energy storage we're ensuring americans have the energy they need, whenever they need it nextera energy. >>> president trump thanking kim jong-un tonight for a summit he calls hist

generally do not think that robert mueller is fair and impartial and a third don't think it should continue. i just want to get your reaction to those numbers. it seems striking, frank. >> it's disturbing and it's an indication that the american people will absorb and adopt what is fed to them if it's fed to them enough. so rudy has already told the american public the strategy here is to win hearts and minds for a possibly impeach many and then have american people influence their members of congress so that they won't impeach and today, the last 24 hours we reached a new low in that scorched earth policy to personally attack bob mueller but claiming he's trying to frame the president. i went and looked up in a legal dictionary the free legal dictionary what the definition of frame means. it means to accuse falsely or unjustly, bear false witness, incriminate falsely and fabricate evidence. we have rudy giuliani who used to stand for law and order as a prosecutor, now standing for lies and obfuscation and attacking a man who is above repurchase, bob mueller, and claiming evidence is fabricated. he hasn't seen the evidence. he doesn't know what bob mueller has, but