joining us now is david kelly, jpmorgan funds chief global strategist. to buy europe has been there for a while. can that continue? david: this one has a long way to run. you were talking about the euro at 1.09. it has been at 1.20. we are running a big trade deficit and you could see over the next few years, the euro moving back to that level. that is 10% right off the bat. the european economy is growing steadily with room to grow. of cyclicalars expansion in front of them. european stocks are cheaper than u.s. stocks with higher dividends. place,that is still in even after decent rallies. jonathan: the goldilocks situation in europe, how long cannot go on? the idea that we have this week currency and an ecb that is in a rush to go nowhere. can that situation stay stable? david: it will warm up, some more and the unemployment rate will come down. wage growth and inflation will pick up. bank hasean central been -- it has been a bad policy to keep negative interest rates. it is amazing that the european central bank does not see this. is the waytter gold

david kelly is chief global strategist for jpmorgan funds. david, great to see you today. >> glad to be here. >> are we going to see more of what happened this week where the events in washington seemed to have an immediate negative reaction on wall street? >> we may well see that. i mean, in fact, what's happened since the start of the year is the market has been unusually election but really been very quiet. came as a bit of a shock this week to see this move. we'll have to see how the events play out. if the investigation continues quietly in the background, maybe there's not much fallout. if we get more revelations or more reaction from the administration, that sort of changes the odds. there could be more volatility. >> if volatility is going to pick up, does that necessarily mean that we should go in and change our retirement savings plans? >> no, it doesn't. i think the key question is where is the economy going? we are in an old expansion here which we're now in its eighth year, going into its ninth year. it's going to be slower. i thi

let's bring in david kelly and mark kessler good morning to you, david.e're looking at all 11 s&p sectors higher right now. >> clearly there's been a lot of turmoil out of washington. i think the appointment of the special prosecutor may actually help calm things down because rob miller will work away in the background. but meantime as long as the administration maintains some discipline and focuses on its agenda, it may find it easier to do that with a special prosecutor working in the background rather than this constant back and forth with the media and the senate and house committees. i think thing also quiet down in washington. >> so, mark, still after the swings we've seen and sentiment in the markets and politic this is week, how are you advising investors to deal and grapple with any political turbulence to come? >> sure. we've been basically focused on the fundamentals, sarah, and have been skeptical that the tax cuts would be to the scale that some of the investors have priced in on the equity market. recent pullback in equities and rally in bon

david kelly, on a jobs day, tom porcelli, nice to see you as well. out zendesk getting hit hard down, down more than 5% after earnings. and we'll speak to the ceo coming up on "squawk alley." he's hiding a card! it's time for you and your boys to get out of town. (laughing) left foot. right foot. left foot. stop. twitch your eyes so they think you're crazy. if you walk the walk you talk the talk. it's what you do. if you want to save fifteen percent or more on car insurance you switch to geico. hide the eyes. it's what you do. show 'em real slow. >>> after months of campaigning and that very close first round voting, a final vote is taking place this weekend, in the french election. michelle cruise caruso-cabrera. >> so sarah, for months we heard the one great political risk out there for the market was this coming sunday's election, david tepper said he was watching this because of the risk. however, as you highlighted, this morning, and for the last several days, the markets are very complacent. they act as if macron will be the next president of f

. >> david kelly, thank you so much for your insight and perspective. thanks. >> any time. >>> next, we're "on the money." meet the mom trippr ekds nkds ekdsu rukds. >>> and later, the boomerang generation, 000 keep peace when your kids come back to the northwest. and now a look at how the stockmarket entered the week. >>> you never know when a great idea is going to hit next. the reusable squeeze. it's a reusable and refillable food pouch. with see kids all the time with these fruits and veggie pouches squeeze in. how did this idea hit you? >> when my son was 10 months ago, i handed him a pouch that you can take never. he squeezed it all over the back of the car. i was late and i thought there's got to be something reusable. >> how does this work sh. >> if you want to give that a squeeze. >> it's grease-free silicone. >> you can make your own organic zone. >> this is the one for the baby. >> right. you can feel the resistance. >> so they have to suck it out in over to get it out that they're going to gently naturally release the valve that and it's so

mine is, caught me by surprise, david kelly.orried about, get this, an overheating economy. this and looking way over the horizon as far as i could tell. this, if major tax cuts, major infrastructure spending, major stimulus comes in on the fiscal side that then would cause the fed to respond by tightening interest rates even more that could then drive the overheated economy into a recession. i was surprised to hear anybody in a 2% economy with very low inflation. >> i was surprised, too. >> worried about that. >> talking about the effects, i believe -- i don't want to speak for david. the effects of, if the fed goes -- >> longer term. meantime, didn't precrude a stock market rally. tax reform passed, infrastructure spend passed, markets would rally. >> look at mortgages coming out. home prices we showed in california. some of the -- there's things -- >> that $2 million, 800 square foot -- >> not saying anything, say it without saying it. some things remind me a lot of 2006 right now. including the vix. >> a lot of leverage in t

david: with the firing of fbi director james comey. a list of potential replacements floated by current and former officials with some of the names among them. former new york city police commissioner ray kelly congressman from south carolina trey gowdy, former new york city mayor rudy giuliani, former new jersey governor chris christie and former milwaukee sheriff david clarke, former arkansas governor mike huckabee joining us now. do you have a favorite on that list? >> you know, i don't know, i don't think those are the names that are going to be the consideration for fbi director. my guess is it's somebody with a real fbi background, justice department background, and even though you had people like trey gowdy as well as rudy giuliani and chris christie, all u.s. attorneys, i'mot sure that they're going want to to put someone that political in the position because they got to get them through the senate, and that's a heavy lift given the atmosphere. david: ray kelly is not a politician, he almost ran for mayor of new york. what about him? he's 75. he's a little old. >> and i think that's going to be a factor against ray kelly. great guy, terrific police chief in new york, very innovative

president of money strong, scott, googanheim and david kelly with jpmorgan funds.er the markets, not much reaction in equity or reaction in the bond markets or ten-year yield roughly at 2290. scott, kick it off with you. what's your interpretation of what was just said? >> i think that it's basically what we should have expected. you know, that the economic weakness is probably transitory. they want to stay on path to increase rates, and i personally thought we'd get a little more activity about the balance sheet, because they are very clear from the minutes that just came out a couple weeks ago. they'd like to start moving on the balance sheet this year. so that was a little surprising to me but they get another opportunity going forward. >> so, david, in your world, what does that mean in terms of communication about what will happen with the balance sheet? >> well, as i said, i think -- this is a dovish fed. con generously dovish. whenever you make a decision they'll take the dovish side and they'll take their time. have to get rates, two, three more hike rates.

david einhorn, unveiling the financial crisis, what's today? well, we are still sort of trying to figure that out. leslie picker has highlights. leslie? >> hey, kelly. david einhorn presented with green light. he talked about his position in core laboratory saying that he sees the fair value of that stock as $62, about 45% below the price of that stock before he started talking, and you can see here the stock has declined quite significantly today as his presentation went on. now, i want to be clear. he has not specified his exact position in how he is trading laboratorie laboratories, but clear he's bearish on the company. outlook for its exposure internationally, the outlook for oil as well as the management team in charge. he even showed a picture of kanye and showed -- tried to explain that's a management team that loves itself as kanye west loves himself. a lot of break heart tunes in the presentation. watch that stock price as it continues today. kelly? >> yeah, and, leslie, viewers see that green blip. when he first started talking about the company, wait, long, short, and it became clear as the presentation went on, but this fits with his s

amy: other people mentioned ray kelly, david clark. then there is the discussion of the current andrew mckay, acting director of the fbi, who was chosen by james comey in 2016, now assumed duties and a fairly was meeting with the white house. >> the person who appointed james comey to be the fbi director and notwithstanding his longtime republican service, including the bush of administration, was barack obama. there is a tradition of showing you want to put independent people in the fbi director. i think there will be a lot of pressure on trump even from republicans not to make an appointment that takes this event from humiliating to something even worse. amy: people doing the investigation at the fbi will still keep doing it. there are career investigators that justice and the fbi and that is why i say there is no way to fire comey as a means of suppressing incriminating evidence, but it is also true who leads the fbi, especially under the direction of jeff sessions, notwithstanding his refusal, those top officials can hamstring inve

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christie, milwaukee county sheriff david clark, republican congressman trey gowdy who chaired the house select committee on benghazi, former new york police commissioner ray kelly. also acting fbi director angela mccabe and former fbi director john pistole who's the president of anderson university in indiana. deputy white house press secretary sarah huckabee sanders took questions on the james comey firing and said the president had lost confidence in mr. comey's ability to lead the law enforcement agency.

david: do you think should replace jim comey, people like ray kelly, commissioner of new york.head of the intelligence committee. and rudy giuliani. who should be the next pick? >> rod rosenstein and jeff sessions, and conducting interviews this afternoon, and i will totally trust their judgment, and the fbi, great candidates. david: don't know if you can hear me. political grouping of candidates. and more law enforcement type people who have background like ray kelly, mike rogers plays both fields, and among those groupings, political player -- >> if you consider chris christie and rudy to be political players, tremendous amount of experience, rudy giuliani, and i don't know if they want the job. don't know if they would be incredible but they have the experience but that will be up to rod rosenstein and that is up to general sessions. some people you and i said the fbi -- do disagree with that. it is all about law and order and so many women in the federal bureau vesting -- investigation. i have full faith. david: the change at the top is not going -- we see donald trump comi

david lee miller has more. >> the homeland security secretary, john kelly, said that essentially the idea of expanding this banops on all flights is an idea that in his words is still on the table. the secretary today talked with european counter parts, kelly's spokesman said that arrangements have to be for seen and unseen enhancements like laptops and other electronics originating the middle east and africa. a broader plan could be put in operation. a statement said that secretary kelly says he will security aircraft flying to the united states, including prohibiting large electronic devices from the passenger cabin if the intelligence and the threat level warranted. reaction here at kennedy airport was mixed. >> as long as they do what they need to do to keep us safe, i'm fine with it. any inconvenience to me would be no mall. >> it's ridiculous. i travel a lot for work. >> european officials have resisted a blanket ban on laptops. they are worried that putting laptops in checked luggage could pose another safety hazard. they say that the lithium batteries inside could catch fire. fire could be more easily

david: that's good. gary kaltbaum, kaltbaum capital management, fox news contributor, kevin kelly recon capital partners. on one hand paul ryan singing optimistic tune. on other hand we heard from wilbur ross, no way we get to 3% growth this year, who do you believe? >> if the tax cuts do not get done sooner rather than later it will be very tough to grow 3%. you have to remember the federal government will spend $4.1 trillion this year. that is coming out of the economy. that is coming out of our hide. no way with the trajectory hetry of government spending coming out of the economy we can do better. they're killing the economy with government spending. they have to do something different. david: gary, the first quarter was so lousy at 0.7% growth, we would have to grow over 4 percent for the remaining three quarters in order to get to 3%? >> just realize another part of the equation. we're 3/4 fed funds rate and around the globe they have negative rates. if we can't get get going with that we have to do something different and do it soon. david: kevin, nasdaq at a new all-time high, that's great, but t

associated press has a few names, chris christie, he could look at ray kelly, former nypd commissioner, some wildcard names like sheriff davidcampaign trail. one person, trey gowdy certainly under consideration, one person definitely not doing it. rudy giuliani telling the correspondent he is not under consideration. >> the mainstream media pouncing on donald trump's decision to fire comey comparing it to fascism. >> an extraordinary moment in american history. >> it is a grotesque abuse of power. >> a with of fascism, i don't care about the law, i am the boss. this is where it is a political hot potato. >> the current investigation for russian meddling and possible collusion between members of trump's campaign in russia, truly extraordinary, who runs this investigation. >> press secretary sarah huckabee sanders saying it is time to move on from false narratives. >> still got the same people that would be carrying out whether it is the department of justice, that process continues in the house and senate committees and i don't >> or disruption but the bigger point is when are they going to let that go. it has gone on nearly

. >> david: two that i like a lot, and one is ray kelly, who used to be the police commissioner of newerybody knows that he leans towards the republican side, at one point he thought about running for mayor as a republican. his whole life has involved law enforcement. he would be a good get, he 75, though. mike rogers, former congressman, former fbi special agent, former of the house intel committee. he has a foot in both worlds. both the political world, as house intel, and he would get the respect he needed from the grunts on the ground. he would be my bet. spew one it's going to be tough to please everyone. it meghan? >> meghan: i just want him to be bulletproof. and bipartisan. it doesn't matter what bullets are thrown at him or her, their record is so amazing that people can't attack them. it's going to be watched globally, it's going to be very intense. i don't want this to turn into a media circus. they're already too many media circus surrounding this administration as it is. and as it is -- by the way i do think that -- >> harris: morale is being talked about at the fbi, and i

you have general kelly, homeland security secretary saying this is borderline treasonous. >> david, you have to weigh the public a public's right to know. if you look at this in historical context. the bureau when hoover was 29 years old and took over the bureau of investigate in 1924. up to 1948, the leak was information given to thomas dewey during the campaign. then to watergate. j. edgar hoover passes away in '72. six weeks later, you have the break-in. the purpose was altruistic. >> why is it altruistic now? >> and he was related with the investigation and how it was que squech theed. i feel the leaks are conducted for the purposes of we want to get back to the president for what happened to director comey. >> the fbi, frank, was leaking in the clinton administration. they were doing interviews with people and her e-mails and leaking the content. the fbi does this on the evidence trail or influence a particular result. they did in the petraeus case. this is conflict with the executive. the key point is it not always classified information. that is legitimate issue. the administrati

. >> kelly, can i latch on to that a second? >> davidat's happening here, you are definitely seeing that in the nasdaq 100 and the biggest stocks, but a fairly significant correction in a lot of sectors and a lot of individual waiting for a pullba it's happening in a lot of the market, but not in the megacap stocks and growth stories of the day. from investors' perspective, best thing is not to chase what's very hot, and nasdaq's up 15% this year. that's not going to be the place to make the next 15%, but rather, look at things that have already had the correction. >> but, david, your picks here include cisco, exxon, jpmorgan, some of the biggest cap names swept up in the whole index, though, right? >> you'd like to think so, but they have not been. they have had corrections. energy down sharply, saw the chart before we came on, showing although energy prices were up, the stocks are down 10-12%. exxon is a classic example of that, down 8-10% this year. it's selling at a significant premium in terms of yield to the s&p, and every time it'

david? man who prides himself on his dealmaking abilities. thank you for being with us. now we want to go over to my colleague, jason kellye new york euro chief, and he is a nexus, the israeli conference right here in new york. jason? jason: hey, david. thank you so much. i'm here with daniel kahneman, nobel laureate, and an author of "thinking fast and slow." as you think about that right now, what is on your mind in the world that we live in? daniel: it's a world where a lot of errors are being made, obviously. i have changed my thinking about .t over the recent years throughout my career i have mostly worked on biases. mostly now i think i have been too successful. when people think of errors andg made by organizations individuals, most know that it is unreliability. employees think that they are interchangeable. like underwriters, like loan officers. the organization assumes that they would make the same decision. this turns out to be not true in a big way. are unreliability, people unaware of it. organizations are not aware they have this problem. and i think that to a significant extent it is a more and it haslem ca

it is shut down between kelly drive an mountain green drive until saturday you will see extra congestion with people sticking to the schuylkill david. >> reporter: it's warm and muggy, once the sun gets up over the horizon. as you look at satellite, we have high serious clouds out there. we have showers out by pittsburgh. there could be a shower or spotty thunderstorm not until later this afternoon and this evening. 74 in philadelphia. 70 in allentown. 70 in wilmington. 73 in trenton. warm on the buts once again. the dewpoints are up over the 60-degree threshhold and upper 60s in millville and 70 in dover which is borderline oppressive humidity. as you start seeing the sun come up and walk around a little bit, you will feel the muggies this morning. it stays rather humid this afternoon and hot again. 3:00 p.m., we're up to 91 and 92 is the high around 4:00 p.m. we're probably down to 89 by 7:00 p.m. and slowly dipping into the 80s for the night on the town. pollen is on the medium high range. i want to point out they have added grasses to the mix of things to bother you. some of you may not have been bothered by the tree pollen, no

christie, milwaukee county sheriff david clark, republican congressman trey gowdy who chaired the house select committee on benghazi, former new york police commissioner ray kelly. also acting fbi director angela mccabe and former fbi director john pistole who's the president of anderson university in indiana. deputy white house press secretary sarah huckabee sanders took questions on the james comey firing and said the president had lost confidence in mr. comey's ability to lead the law enforcement agency. >> polite crowd. >> [inaudible] >> so i've heard. good afternoon, everybody. as most of you know, sean is on reserve duty for the rest of the week, so i will be briefing you today and in the following days. i have a few announcements at the top before i take your questions. i have an update at the tunnel collapse in washington state. the incident is moving from the emergency phase to the recovery phase. after extensive testing we remain confident that there has been no radiological release. personnel begin taking steps to stabilize and fill the hole over the partially collapsed tunnel last night. we expect efforts to be completed today. the site remains clos

because ray kelly is the former new york police commissioner who is described in this article as potentially being loyal. i'm not sure if they meet loyal to president trump or loyal in general. david from upper mall brawl, maryland on the republican line could good morning. youer: i want to inform about a book that i read recently. it is called the journey of man. wells.hor is spencer showst book, it clearly that dr. wells used the latest showschnology states and anywherefirst people were from west and east africa. alaska, canada, the state of washington, washington state, oregon, and california. 50,000 years ago. before -- -- because it is fact. it is based upon science. denied aple have been for a long,istory long time, and this book is one of the books that i have read that really has a lot of information that is very useful to the general public. dave is calling from palm city, florida on the republican line. caller: good morning. wanted to ask c-span2 to take a look at maybe having some segments about people getting do that what people might improve the lot of americans. i see us is spending so much time talking about swamp issues like russian investigations or other investig

delay, but despite all of that judge john kelly asked the jurors to return here today, he's hopeful they'll come to some decision in the murder trial against davidcreato. yesterday the first question from the jury came regarding david creato, logging into his then girlfriends' snap chat account. prosecutors told the jury the girlfriend was the motivation for the murder, because she didn't like children. she testified in the trial saying she didn't ever say she wanted the boy dead. two hours later, they asked for more audiotapes, just before lunch obama, after returning from lunch, they asked for the interrogation video, yet again. this time they wanted to watch it at the point where investigators tell david his son was found dead. and then a note to the judge advising him about being stuck, and the judge reminding them of their duty and jurors. >> each of you must decide the case for yourselves. to do so only after impartial consideration of the evidence with your fellow jurors. in the course of your deliberations do not -- but do not surrender your honest conviction as to the weight or effective evidence solely because of the opinion of your fe

it's on kelly drive and the connecting railway and girard avenue bridges and it will remain there through november. it is called big bling. abc world news tonight with david muir is next on channel 6. and "action news" continues on phl 17 at 10:00. and please join us for "action news" at 11:00 here on channel 6. for cecily tynan, ducis rogers and the entire "action news" team. i'm jim gardner, we hope you'll join us for "action news" at 11:00. ♪ tires have a new home. midas now sells great brands at great prices. get $100 off instantly on select goodyear and cooper tires through may 31st. find your tires online. trust the midas touch. >>> tonight, breaking news as we come on the air, from manchester, england. after the deadly terror attack at an ariana grande concert -- >> oh, my god. >> -- just moments ago, the british government raising the threat level to its highest point, now at critical. and tonight here, new images from the explosion. 22 dead, many of them children, young people. the little girl who was just 8. tonight we're with the community, still looking for their children. the mother, still missing. >>> also tonight, the suicide bomber now ide

david? >> gio, thank you. >>> another major figure autofox news is out. >>> the reported explosions during the commute home >>> and hold on to your coffee, kelly ripa's bigurprise today. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. oscar mawe went back toig the drawing board... and the cutting board. we removed the added nitrates and nitrites, by-products, and artificial preservatives in all of our meat. every. single. one. why? for the love of hot dogs. working on my feet all day gave me pain here. in my knees. so i stepped on this machine and got my number, which matched my dr. scholl's custom fit orthotic inserts. so i get immediate relief from my foot pain. my knee pain. find a machine at drscholls.com. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t net

david, out with the 13-f filing. all the details, leslie? >> that's right, kelly. over here, some of the early insights that we've learned at this time, especially regarding apple, this is david tepper's fir firm. adding significantly two pharmaceutica pharmaceuticals, the quarter ended march 31st, decreasing stakes in allegan, mylan, pfizer, and pharma. we learned from dan lobes filing, that he dissolved stake in apple and decreased stake in facebook, but added new positions in the tech industry included sales force, qualcomm, and hp. third point acquired shares of snap, but unclear if either hold the company after yesterday's slide. remember, snap went public a few months ago and had first quarter earnings, first earnings report. starboard just came out, digging through the filing now. we'll report back with what we learn. >> snap, wow. all right. leslie, thank you for now. leslie picker in headquarters. move over college students, seniors lead the way in house sharing. all the details coming up. but, first, snap shares sunk this week after the first earnings rep

kelly just described. julian zelezer, analyst and historian and professor at princetop university, david rhode, and salina zita cnn contributor. how normal is aa back-channel. it has worked before. how normal is it? the line seems to be this is much ado about nothing. >> what's totally abnormal he was talking about using a russian government communication system to secretly go into the russian diplomatic facility and use that, that's extraordinary, very strange and i think alarming. >> it's the way it's reported by us, by "the washington post." >> so you feel more safe and secure with the russian government and their communication system than the rest of the american government? what are you trying to hide in. >> the "the washington post" and the team point out perhaps this is false and not true and the russians were planting this to see if the u.s. was listening in on that line. that's a possibility. >> it could be disinformation but we have the pattern of kushner not disclosing his meetings with the russians. reuters reported friday two calls between kushner and kislyak he has not disclosed so it's a pa

david wright, abc news, washington. >> a new indication today that a laptop ban could go into effect on all international flights to and from the u.s. homeland security secretary john kelly told fox news sunday he might expand the current ban that went into effect in march. it currently affects flights from ten cities, mostly middle east, and put into place because of concerns about terrorist attacks. all electronics, bigger than smart phone, must be checked in. >>> quick acting firefighters stopped a car fire from spafrom spreading to an apartment building. cars parked outside the complex for crews kept the flames from reaching apartments nearby. people living there were evacuated this morning. a woman whose car was burned believes an electrical problem with one of the vehicles ignited the fire. another fire burned dangerously close to a home on griffin road in vallejo. flames were attached to a car this morning mp american canyon crews helped vallejo crews quickly put out the flames. no word yet on what started the fire. >>> it's not what you would expect at a live music festival. thousands of people decide to skip one of the headlining acts and put on head phones inst

kelly and ryan!" today, from the new film "wonder woman," chris pine. and the winners of dancing "dah the stars," rashad jennings and, slater, and the runner-up's, david ross

the scene on kelly drive as drivers made their way through flooded parts of the roadway here, not a great day for outdoor activities, there is good news in the days ahead. meteorologist, david murphy, joins us with the latest. >> it starts out well and the question is how the middle goes and a question about the end. we see drying conditions after what we saw on the action cam a lot of rain this morning during the evening commute and it's lifting out over the next couple of hours to the north and a drizzle or sprinkle here or there. but that is it. satellite, the wide view shows the issue, norfolk, virginia issues are beginning to develop and this wings our way into the southern tier late this afternoon. and philadelphia late this evening. be careful of these storms a slight chance of strong gusty storms. the storm prediction center in the zone from reading in trenton and points south into virginia. this means when storms formulator today or tonight they could potentially create strong winds to bring down tree or tree branches and some point in this range from philadelphia to the virginias there is a slight chance of an isolated tornado. as i like to say in situations like

kelly o'hara, cbs news, the white house. >>> politics took a turn when some legislators got into a shoving match over a new state law that bans sanctuary cities in texas. cbs reporter david begnaud has the video from austin. >> reporter: decorum was lost in the texas house monday as elected officials started pushing one another during a final day of a legislative session. >> did shove him around a little bit. i pushed him because he needed to get out of there. >> reporter: democrat never never and matt rinaldi -- democrat [ indiscernible ] decision >> inciting people. >> that's right. >> reporter: an estimated 1,000 people were inside the capital monday protesting the state law which forces texas sheriff's to help enforce federal immigration law. the house business stopped and protestors were ordered to leave the gallery. some were physically removed by texas state troopers. democrat ramon romero junior. >> these folks understand that what's going to happen in the future is exactly what matt rinaldi demonstrated. he saw the crowd and he saw illegals. >> reporter: how democrats are laying the blame on representative rinaldi. members claim he escalated the situation. >> th

kelly is a republican. i don't know what party he is. but he served as police commissioner on under david dinken, served under michael bloomberg. mike bloomberg was a republican and independent. those are the names -- the headline names on the short list. obviously could be someone that we're not talking about here. these are the headline names and names bouncing around the fbi right now. also bouncing around republicans that have close ties to the white house on what's being talked about. this is going to be an interesting choice. on one hans, a lot of pressure on someone to pick someone who is "independent." that was james comey kind of, right? annoying republicans and democrats. >> neil: but it was also his predecessor, bob mueller that fit that bill. >> yeah, you'll be surprised. those are the names. we'll know soon. >> neil: we will. charlie gasparino. you heard the comparisons that is nixonian. the nixon library shout out a bash at the trump white house saying the comparison is wanting here because the fact of the matter is, richard nixon never fired an fbi director. the most recent

david that furry. ned, let's start with you. let's talk about fbi replacements. short list. ray kelly, i keep hearing from a lot of sources, is one that is very well regarded, considered independent and might, might actually have some traction here. walk us through some of this, the most possible contenders. >> well, it looks like they're going to try and make a very quick turn around here, and probably by friday we will have at least a nomination from trump on who the new fbi director will be. they did have -- there is a list of about a dozen names out there. the names that are playing well down here in d.c., trish, one of them is ray kelly. the other is michael ludig. there are a couple of names that are not playing well down here. mike rogers, former member of the house intelligence committee, neither is acting director mccabe. so if you were to ask me to, you know, kind of scope it out, i would say ray kelly and michael ludig are look good as a short list for fbi director. my mope with this, trish, is they're going to deal with this quickly, get ahead of the story. schumer's sayin

. >> "live with kelly and live , philadelphia, heat wave could become official today. here's davidalmost a certainty, we have sunshine and muggy across the region. 79 degrees in philadelphia. the high of 92 that would make it three straight of 90 or better that's a heat wave. sticky through the afternoon, later today and this evening, a spotty, but strong gusty thunderstorm possible. big changes tomorrow. front gets through, sunny and cooler on saturday, 72. in the 60s for the union at night. 70 on sunday, increasing clouds and rain, but not until the overnight hours, sunday daytime is dry. rain on monday morning, matt. >> a crash left a person dead and 6 others injured in new castle county, delaware. two cars collided on the 2700 block of frazier road in newark late last night. authorities have not revealed the conditions or ages of the victims. >>> the engineer involved in the deadly amtrak track in port richmond is officially charged and released. the story at 6abc.com. >>> good morning, america. it's 8:00 a.m. on defense the president fires back after the hiring of a special co

kelly. back to the other issue is the trump russia collusion. i think that's a huge distraction being used to undermine our president. jeanine: davidhat a huge distraction? >> yes, it's a huge distraction. this is a huge problem because it's undermining our instituti institution. trump decapitated the head of the fbi which was in charge of doing an investigation on him. you asked a very important question in your interview. you asked why doesn't he support in independent commission or special counsel? his answer really didn't add up. you are right. we need one of those things to have a fair, independent investigation of what happened. that is what all of america needs and deserves. jeanine: david look, first of all you said the fbi was doing an investigation of him. that is inaccurate. they were not doing an investigation of him. number two, clapper himself said there's no evidence of collusi collusion. and adam schiff says there's no evidence of collusion. the fact that the dnc e-mails were hacked, what makes us think that our institutions are under assault? >> if i can respond, it's very clear that the fbi was doing and is doing

david daniel reporting. (justine) president trump's son-in-law, jared kushner, is facing allegations of trying to set up a secret back channel with russia. but homeland security secretary john kelly said today...it's "not a big deal." <> john kelly:"i think any channel - back or otherwise - with a country like russia is a good thing. i mean multiple ways to communicate back and forth is a good thing, and particularly with a country that's russia. so it doesn't doesn't bother me"(justine) some government officials believe kushner considered the back channel in december. it would've allowed the trump transition team to talk directly to russian military officials about syria and other issues. kushner reportedly discussed the idea with the russian ambassador in the u-s... but the back channel was never set up (justine) government officials may be expanding the laptop ban on airplanes. homeland security secretary john kelly said today he is considering banning laptops from the passenger cabins on all international flight. the decision would dramatically expand a ban announced in march. right now-- electronic devices larger than a cell phone are banned from cabins on some u-s bound fli

kelly classroom. looking good. >> see you at rowan this coming thursday night. mike and alex, back to you. >> thank you, bob. mike jerrick's ran the swimsuit already, looks just like davidhoff. >> somehow he's convinced our job is to also hit him as he hits the beach. it is happening. >> ♪ >> ♪ what's more exhilarating than playing $100,000 club with top prizes of 100 thousand dollars? winning...on the spot. yeah! (laughter) play $100,000 club, the new scratch-off from the pennsylvania lottery. and you could win...on the spot! keep on scratchin'! >> ♪ >>> ♪ >>> ♪ >> ♪ >> ♪ >> ♪ >> you know, i think we re-enacted the bay watch scene, pretty close to this location down the shore. now, tell me, alex, karen. i'm not to up speed on this bay watch movie. now, of course i watched the original tv show that we're looking at here. and the iconic open, everybody was running, slow-mo, down the beach, in their lifeguard uniforms, swimsuits. >> yes. >> there you go. >> there they go. >> somebody's in trouble. david hasselhoff, come to the rescue. >> there you go. look at that. everything else, all in the bathing suits, like everyone knows them by the red bathing suit. >> okay, now, f

david daniel reporting. (justine) as you just heard- president trump's son-in-law, jared kushner, is facing allegations of trying to set up a secret back channel with russia. but homeland security secretary john kellyays...it's "not a big deal." "i think any channel - back or otherwise - with a country like russia is a good thing. i mean multiple ways to communicate back and forth is a good thing, and particularly with a country that's russia. so it doesn't doesn't bother me"(justine) some government officials believe kushner considered the back channel in december. it would've allowed the trump transition team to talk directly to russian military officials about syria and other issues. kushner reportedly discussed the idea with the russian ambassador in the u-s... but the back channel was never set up (justine) now coming out of north korea... u-s and south korean military officials say the nation fired another test-missile monday morning. this is video of previous missiles launched by north korean forces. u-s military officials say the test-missile flew for about six minutes before landing in the ocean. north korea has increased its test-firing of ballistic missiles over recent months... the nati

homeland security secretary john kelly and others, so still a lot of questions about this but not too many answers here at the white house. >> ryan, thank you. joining me now david row. the secretary of homeland security heard that sound byte we played. he suggested that back channel could be a good thing. >> if this report is true and what's unusual about, this the back channel is again we're not sure it's true but jared kushner was suggesting using russian communications equipment to communicate with moscow so he could have the secret back channel. that's preposterous that that's a good thing. what is he trying to do hide? why would he not want the american government and intelligence agency to be able to hear what he was saying to russia? so i'm very surprised by kelly's response. that's not a good thing. >> he was walking the line because he's part of the administration, do you think? >> i don't know. maybe this story isn't true. maybe kislyak made this whole thing up. they put false information in their communications back to moscow to see what we're monitoring. so it's not clear. for secretary kelly to say this is a good thing to use russian intelligence c

david chalian is joining me, political director. when you think through the other names that have been floating, folks who have been named in law enforcement, whether it's ray kellys, your reaction to lieberman being it because he has a huge resume but that's not a piece of it. >> right. he did, i believe, chair or ranking member co-chair the homeland security committee. so he's been exposed, obviously, to some law enforcement matters in his tenure in the senate, no doubt. and obviously i could have looked at his full bio but if my memory is correct, i believe he has prosecutorial experience or attorney general experience back in his connecticut days. >> yes. >> so i do think politically, as abby was just saying, yes, this is somebody who has had relationships on both sides of the aisle but it's probably his republican relationships with john mccain and lindsey graham that carry a lot of weight here. since they have been two of the people from the president's own party asking for a special select committee or really looking to have some independence of the russia investigation, they've gotten what they are looking for, to some extent, with the special counsel. an

kelly is one much. new jersey governor chris christie. he prides himself as a law and order republican. tray gouty chaired the house investigation into benghazi. political analysts say david clarke is a wild card. he campaigned for donald trump during the election and appears regularly on conservative talk shows. >> joining us right now is brian sobel. good morning to you. >> good morning, mike. another day, another development. >> exactly. i've got a question. sally yates gets fired. james comey gets fired. is there a pattern, do you think, that is developing that if you cross or question the president maybe too much, your job is in jeopardy here? >> well, i would say those are two different situations. yates was a holdover from the obama administration. they typically are oftentimes removed. obviously the fbi director being removed is a very interesting turn. of course, mike, you know, speculation by insiders in washington, d.c. was that had hillary clinton been elected, she would have fired him as well. >> regardless of how we got to the firings, in the end many see this as a con salutations of power. power-- consolidation of power. >> well, the directorship of the fbi

david creato's defense team, not so good for prosecutors who have a circumstantial murder case against the father. yesterday the jury sent note to the judge saying they could not agree on verdict, judge john kelly ordered them back today. the note came after looking at the interrogation video for the fifth time. they watched the video tuesday, that, after being on break monday for the holiday, and friday, because many jurors had some previous engagements last week, they saw it three different times. it obviously is not bringing them any closer to a decision. but the judge is saying, please, let's try hard again. >> at this stage in the proceedings my advice would be to, again, listen to the charge that i'll give you again. we have reached the end of the day. so i'm going ask you to return tomorrow morning after i give this charge to you, to make an effort, if you cannot -- if you can reach averred, do so. however, if you cannot, then report that to me. >> creato facing murder charges in the death of his three year old son, brendan, from the beginning, david told authority his son wandered away from his haddon township home after he put the toddler down for bed. prosecutors claim, though, he kil

david, last month you were here and you were talking about losing revenue, it's going to take a big, big wildfire for the advertising boycott to affect them, meaning fox, so after megyn kelly, bill o'reilly and bill bickle was fired this weekend. >> the worst problem for them are the ratings. we have had how many years of number one fox dominates now we have got a situation where fox is third in the demographics and they have had this massive turnover in their primetime lineups. i think this ratings business is a real problem. here's the danger, the only thing fox has going for it right now is they think to be the place, if you voted for trump and you want to see positive cover raage coverage, you turn to them. if this president goes down in flames, what's left at fox right now? i really think it is a dangerous time. for years i would call them up with stories and i would say this is really bad journalistically, and they would go, the ratings are great, everybody loves us. now they can't explain their journalism away because they have great ratings, they don't have them anymore. that's the thing that has to be frightening t frightening. >> their prime time lineup doesn't a

kelly. make sure you join us tomorrow. "squawk on the street" is next. >>> good morning. welcome to "squawk on the street." i'm david faber along with jim cramer. live from the new york stock exchange. carl quintanilla is on assignment today. let's give you a look at futures this morning. you heard joe mention it, we are looking down as you see on the s&p. the dow and the nasdaq. european markets in the red at this hour. at least they were the last time i checked -- yes, the same. a little over 1% in france and the ftse, germany, bad, if you want to call it that. ten year note, man getting closer and closer as well. to the shorter term, in terms of the spread there. as you see, we're at 2.2. crude is down after what had been a little bit of a rally of late. you can see also as well brent cruise down. let's get to the big road map. it does start with the trump slump. as you just saw futures are pointing to another lower open and investors are wondering about new political turmoil. what it will mean for the gop's pro growth agenda. plus, the president takes to twitter calling the fbi and congressional russia probes qu