so maybe doug mcmillon, who by the way, let's give walmart credit.a year ago that it was first to announce it would raise these wages, so therefore, this is good business, it appears. >> i think it is and this is why i call myself a progressive capitalist. i think we want free enterprise but we want to make sure that everyone who is working hard is benefiting from that. walmart can afford to raise wages and raising wages to $15 for many people means they can get a place to live in and they can afford health care and they can afford to send their kids to school. this is what should happen in this country. liz: the walton family, this was brought up by bernie sanders, is the wealthiest family in the united states. they are also, as walmart creators, they are the ones who are the largest private employer here in the u.s. could it be that they set the tone for the future and what is the risk there? you know, congressman, you understand that sometimes rising wages results in fewer jobs. >> sure, if the wages have inflationary impact but we're at the lowes

with trade battles being fought on various fronts, the ceo of walmart, doug mcmillon has a front-row are affecting retailers. i asked how tariffs are affecting walmart. and whether we'll see higher prices. >> it's important to us. here in the u.s., about 2/3 of the products we sell are made in the u.s.a. and our merchants for a long time have been working on mitigation plans in what's happening with the conversations in china and as of late the conversation around mexico. we hope these relationships -- these negotiations get resolved on both sides whether it's here in the u.s. or mexico or china. in mexico in particular a lot of our fresh fruits and vegetables, things like tomatoes and avocados come across from mexico. maria: the grocery portion of the business has been growing and a key focus for you as well. are you expecting to see prices go up as a result of this uncertainty in mexico for some of those grocery items? >> that's the last thing we want to see. we hope these things get resolved sooner than later. everything we are doing to try to manage our costs on the mix of mercha

maria: my thanks to walmart ceo doug mcmillon.hey let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria: the international monetary fund is raising its outlook for u.s. growth 2.6%. do business leaders agree? i had a chance to sit down with the ceo of bank of america, brian moynihan, to get his take on tariffs, and the federal reserve cutting interest rates this year. >> when you think about the u.s. economy, it's 2/3 consumers. it's basically called china's economy. i focus on what consumers are doing. in bank of america so far this year we had a trillion in payments made by consumers, ach, wires. that is up 5% plus from last year. 17-18 it was 8.5. it's very strong and picked up during the year a little bit. we feel good about the consumer. our business clients are borrowing money. they are worried about all the things we are worried about in this ro

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maria: coming up, an interview with the ceo of walmart, doug mcmillon, giving u giving insig.n good afternoogaramendi. alex west joins us as well, as well as don decostanzo. don't miss a moment this morning. we kick off this hour with this top story. president trump's state visit to the united kingdom, the president sitting down with british prime minister theresa may for a business breakfast this morning with business leaders. he highlighted the potential of a trade deal with britain. >> i think we'll have a very, very substantial trade deal. it would be a very fair deal. and i think that this is something that your folks want to do, my folks want to do, and we want to do and we're going to get it done. i would like to congratulate you on having done a fantastic job on behalf of the people of the united states. maria: the president's visit being met with backlash. thousands of protesters taking to the streets of london this morning. joining us right now in a fox business exclusive is the ceo of duff and phelps. your reaction to everything going on this morning in london, we'r

. >> thank you, rick >>> and walmart ceo doug mcmillon just taking the stage at this portion of walmart'sual shareholder meeting ahead of what they call a celebration. our courtney reagan is in fayetteville, arkansas, with more courtney >> hi, john. that's right, that celebration taking place in the arena right behind me. walmart ceo doug mcmillon just taking to stage talking to employees about this new in-home delivery program that the retailer announced today so, starting in the fall, in three cities, st. louis, pittsburgh, and vera beach, florida, about a million customers will be able to have walmart employees deliver groceries directly into their fridge or their garage if they show choose. walmart's head of e-commerce, marc lore, tells me that walmart will eventually be able to install these smart locks on your door, you'll get a unique four digit code that will only be able to be opened during a specified period of time the delivery will only happen if the camera on the vest is live and active so you can actually watch a live stream of the delivery taking place with those groceries

we did hear from the ceo today, doug mcmillon, who said that congress should lift the federal minimumess, it was only two and a half years ago that he actually raised the wages for walmart and took the profits out from the company. emma: they did. they moved on the $11 starting wage off of the big tax cut. it up, have been moving but certainly when it comes to bernie sanders, he has had success with other companies as well. $15 was wage going to in part from pressure from bernie sanders. there is a caveat when you compare amazon to walmart. amazon's starting jobs is slightly more skilled work in warehouses. david: but you made your way out to cover the extravaganza on friday. what are the issues? emma: an opportunity for walmart to take a victory lap, it is certainly well-deserved when it the business, and you look at the retailer earnings over the first quarter of this year. the big boxes have done a lot better. and thatmmerce growth, will be the focus as well as how they are going to sustain that. david: safe travels, we will look forward to hearing you out at the walmart meeting. t

economy and businesses when walmart's ceo, doug mcmillon, joins maria bartiromo for an exclusive interview on "mornings with maria," 8:20 a.m. eastern time. lauren: let's get to some other headlines making news this morning. a long delayed $19 billion disaster aid bill is headed to president trump for his expected signature. the house approved the measure which provides funds for relief efforts across the nation. more than $3 billion will go toward repairing and rebuilding damaged military facilities and another $3 billion goes to farmers whose crops were destroyed by storms and floods. fed ex under fire in china. chinese officials investigating the company for mishandling packages sent by yo huawei. the packages were diverted instead of being delivered to huawei offices in asia. fed ex apologized and said they were misrouted accidentally because of changes they made to comply with the crackdown on huawei. walmart is extending college benefits to high schooler as a way to attract workers. walmart says it will offer free s.a.t. prep courses for workers in high school as well as college clas

in addition a surprise, doug mcmillon supported a increase in the minimum wage. >> it is clear by ourctions and other companies that the federal minimum wage is lagging behind. $7.25 is too low. time for congress to put a thoughtful plan in place to increase the minimum wage. reporter: of course with walmart paying $11 an hour, 7.25 if they hike that, doesn't affect them all that much. interesting he came out for that as well. both sides i would leave you with this thought. both sides came, made their case. nobody screamed at anybody. nobody called anybody any names. good old-fashioned old time america. people made feelings known at the end of the day they agreed to disagree. connell: you know what? now more than ever we'll take that as a win. jeff flock in arkansas. thank you, jeff. melissa: all right, guys, jonathan, they said it is 1000 times more than the average part-time worker, the wage. i think the ceo of walmart actually might do 1000 types more work, if you think about how big that company is, how much work he does, how many people he is responsible, job creation, negotiatio

and a bit of a surprise, ceo of walmart, doug mac doug mcmillone supports an increase in the minimumy our actions and those of other companies that the federal minimum wage is lagging behind. $7.25 is too low. it's time for congress to put a thoughtful plan in place to increase the minimum wage. >> reporter: the federal minimum wage being $7.25, walmart already paying new associates $11 an hour. i'm not sure what the impact of that would be but interesting nonetheless. bernie sanders goes to arkansas. cheryl: jeff flock, thank you, jeff. lauren: again, markets looking pretty good today, dow up 65 in the premarket, s&p tacking on 7, nasdaq 26. let's take you back to normandy, france. these are live pictures where president trump has joined the french president macron who is speaking right now, to commemorate the sacrifices made in the fight for freedom, the fight for europe, the europe as we know it today on normandy beach, 75 years ago. the ceremony is a highlight of president trump, his tour through europe. we're going to take a look in just a bit at how he's being received on the w

future increases if needed >> so resistant is a strong word i did ask in the beginning of april doug mcmillonhe question of if they decided that raising wages sort of on a broad scale is not the way to go and he basically said look, we've been doing a lot of things we did raise our wages pretty substantially a couple years ago, and we've added all of these employee benefits. when you look at the landscape and take pay and benefits together the average hourly worker makes $17.50 an hour. now, of course, benefits is not exactly straight out pay when we've asked walmart if they won't do it, they haven't said they won't, but they've been adding other incentives and yesterday announced those college programs for high schoolers to try to attract that cohort which is quite underrepresented at walmart. only 25,000, 1.5 million associates, are current high school students. >> courtney reagan thank you for putting it in perspective for us. >> when we come back the head of amazon services and devices, david limp, about the company's product pipeline, competition and more first, take a look at dow right

reporter: doug mcmillon surprised some calling for congress to increase the federal minimum wage.dy pay their workers $11 an hour. there wouldn't be much impact. still resisting to calls to get $15 an hour, which competitors at target have done. charles? charles: appreciate it. bring in former cke restaurant ceo, author of the book, capitalist comeback, the trump boom and the left's plot to stop it, andy puzder. you know better about running these businesses than anyone else. walmart obviously pretty cordial there. what do you make of the idea they're saying hey, congress should intervene on this, they should take control and perhaps set a higher federal minimum wage? >> i don't really, depending where congress would set the higher minimum wage. at the moment it is 7.25. you can't hire anybody anywhere in the country for 7.25. so the minimum wage is really irrelevant. in fact you can hardly hire anybody for $10 an hour any place in the country, even economically depressed areas. walmart as you noted is at 11. it is competing with employees with amazon. it is competing with costco,

during the reremarks he demanded a base page of $15 an hour and called out the company ceo doug mcmillonthe froh tevfik level of income and wealth inequality in america. >> sanders' message aimed not just as wal-mart but democratic voters looking for someone to stand up to corporate america. wal-mart defended treatment of company employees by pointing to tuition assistance and management training programs. in a surprise mcmillon called for the federal minimum wage to go up. >> $7.25 is too low. it's time for a at a thoughtful plan in place to increase minimum wage. >> dream an lovette works in florida and welcomed sanders. >> he speaks for the working people. >> lovetts believes an employee on the board would go a long way to helping wal-mart leadership understand what it means to live on wal-mart's minimum wage. >> could you live off of $11 and something an hour? it's hard. it's hard. especially in our economy. it's up. and we're booming. >> the proposal to add an employee to the wal-mart board was rejected by shareholders. >> people cannot make it on $11 an hour. >> and the company als

in fact, here's walmart's ceo doug mcmillon on fox business this morning. >> merchants for a long time now have been working on mitigation plans as it relates to what's been happening with the conversations in china, the tariff impact there and now as of late, this conversation around mexico. we certainly hope that these relationships, these negotiations, get resolved on both sides, whether it's here in the u.s. or mexico or in china. we're having conversations to try and encourage that to happen. in mexico in particular, people may not know that a lot of our fresh fruits and vegetables, things like tomatoes and avocados, come across the border from mexico so those are particularly important to us. liz: so when you think about the domino effect, could those prices rise? not but six hours later, it hit the tape that jpmorgan sees a 25% chance of the u.s. going into recession within a year. to put that into perspective, let's bring in our floor show traders. larry, the average is usually 17%. when ceos get nervous, they stop spending, they stop putting money back into growth, they start

in an interview on "mornings with maria," earlier this week, walmart's ceo doug mcmillon spoke aboutthis is the cycle, and it's impossible to call exactly what's going to happen but we try to be prepared for anything and manage our costs so that if something were to change in the environment that we would be ready for that. we're not seeing anything right now that would cause us to think today's environment is different than it was in recent months. cheryl: meanwhile, walmart has announced that its signature blue vests are going to be going away being replaced by a modern gray look. you can see it on your screen, with blues and green, maybe pink trim. shares of walmart up 12% this year. maria: coming up, technology in focus this morning. congress takes a look at competition among the big firms. we've got the fallout coming up next. baby sharks swimming towards nickelodeon. the kids song getting its own show. details after this. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to relea

precluded stock buybooks for any company didn't pay 15 dollars for minimum wage you talked to doug mcmillonlk to you about when a they do for workers now. take a listen. >> our associates definitely have voices, we are one team we are talking to each other all the time listening to each other, underlying premise that an associate or associate should be heard at walmart is certainly one we support the decisions that we have made in recent times take wage investment for example, as we moved our starting wage rate up we've moved up 50% in four years, is an example of us, listening to associates going what is best for the business. >> they do not however support this proposal to put hourly workers on the board they also do not support the notion of going to $15 for minimum wage. but bernie sanders will be here to make his case, we think about 11:30 meeting will start halfway through maybe bernie sanders gets to speak we will hear maybe on fox business if not we let you know what he had to say. maria: jeff flock in, arkansas this morning, coming up trade tensions, tariffs on mexico set to take e