norma eisen, jim schultz, and ambassador eisenberg.so you now hear this fuller description from michael caputo about his experience with the team. what jumps out at you? >> well, the intensity of sitting there and having to answer questions, anderson, from experienced prosecutors who know more than you do. imagine what that's going to be like if president trump has to subject himself to an even more intense version of that. i don't see that happening, having advised defendants for decades, no way should trump -- i have to agree with michael -- it just doesn't make sense for trump, if he tells the truth, he risks incriminates himself on obstruction or collusion. if he lies, it's perjury or false statements. if he takes the fifth, how can you have a president who takes the fifth amendment? the more likely course is to do battle with this. i don't think the president is going to put himself through a longer, harder version of what michael described. >> saul, it's interesting listening to michael caputo, who's so struck by the intensity of

, investigator eisen what do you make of this?ll, anderson, its startling revelation. clearly what rudy is doing is getting all the bad news out in front. and this is some of the worst of it. >> why is this significant? >> my watchdog group has filed a complaint, in fact, i think it was on your program that we first announced this. the president filed federal financial disclosures. he filed them under penalty, 2001. he did not reveal he had a liability, a debt from michael cohen. now, it will depend on the timing issue. the president filed a false federal financial disclosure under criminal penalty. so, rudy giuliani may, depending on the timing, have just made his client's life a lot more difficult. >> but, wait a minute, if the president, when he filed that did not know -- i mean if his story is that he did not know about the payment at that time, but later learned about it publicly when it -- you know when it broke in the news and then decided, oh, well my friend has paid -- is out for $130,000, then i'll repay him now, then is

joining me now is jennifer rogers, and norm eisen. is this an optics problem?s here? >> we don't know yet what the answers to the questions are. but there are profound legal and ethical and national security questions that surround thkpoor pattern. and we know that an american company associated with vekselberg columbus nova pays hundreds of thousands of dollars to michael cohen. so there could be serious issues. possible quid pro questions. one thing we can be confident of is federal prosecutors are on the case and looking into it. and we will get answers. but troubling. >> whenever one of these meetings come up, we should remind people when there were first reports, they were denied, any meetings whatsoever. jen, on the points of payments, they deny that any payments came to cohen directly to vekselberg, if that is true, does that limit his exposure. i imagine payments could be funneled to him. is that a buffer there? >> well, we will see. originally when the news came out about columbus nova, they said vekselberg had nothing to do with it. and there is still

safer s sara eisen is off today. dow is off 14.ve media, cbs, packaged goods with campbell, some negative headlines on trade. our road map begins with the cbs power struggle the board slashing the biggest shareholder meeting and gearing up for another legal fight. >>> and trump and cli thehinese officials downplaying a deal. >>> and campbells down as the ceo resigns effective immediately. >>> looks like you'll be with this story for a while longer with cbs >> discussing this with people as well. let's bring you up to date on where we are in terms of this ongoing battle, and what has become more heated than many of us could have imagined it would have, despite the fact we knew there was bad blood even a couple weeks ago last night the board of directors of cbs met they voted to issue a dividend, contingent on the court in delaware allowing them to do so. if that was allowed, that dividend would have the effect of vastly diluting the voting power of national amusements led by that lady on your left, shari redstone cbs will say we had

more now from our legal panel, former white house ethics czar, norm eisen.vard university's alan dershowitz, a trumped up criminalization endangers democracy. professor dershowitz, nothing to support the president's theory that mueller is meddling in the upcoming elections, is it excusable for him to say that? >> no, i don't think so. i've never thought this was a partisan investigation. i am opposed to it because i think special prosecutors have people with targets on their back and they have to find some criminality. this is not about democrats or republicans, it's about overzealous prosecutors and targeting people. my complaint is very different from president trump's. let me correct you about unrecusal. i had a case where a prosecutor recused himself because of a conflict of interest. two months later he unrecused himself because he realized maybe the conflict of interest shouldn't have prevented him from dealing with the case. >> so, it has happened. >> it has happened. not only that, presidents always want to appoint loyalists to the attorney general s

cnn senior economic analyst stephen moore, a former economic adviser for the trump campaign and norm eisenhouse ethics czar under president obama. norm, you look at this and you say this is a clear violation of the emoluments clause. explain your perspective. >> thanks for having me back on, brianna. the founders of our skri and the frame framers of our constitution were so concerned with the potential, think of it, $500 million to distort his judgment that they put a prohibition in the constitution. it's called the emoluments clause. a president may take no emoluments of any kind whatsoever. all emoluments means is cash or other things of value. here trump's doing it and the facts explain why they were so worried because did it affect his judgment on it zte call to preserve this troubling chinese company. so this is just what our founders were worried about. >> stephen, i wonder what you think about the president making this move because there are multiple reasons to -- >> what move are you talking about? >> let me explain. zte had used american parts and sells product to north korea and

sara eisen just wrap this on the best part. we're part of a global economy whether we like it or not. we're not going back to the i and i alone word. amazon became one of the most powerful companies in the world because you and me decided we wanted cheap stuff really fast delivered to our door. thank you all so much. i know this conversation is not ending any time soon. don't forget about that map. china -- excuse me. canada, mexico, europe. massive trading partners. and suddenly we think we're going to go at this i and i alone. >>> next, will president trump's historic meeting with north korea happen? it seems like things are moving in the right direction. we're weeks away from that potential summit and meetings underway right now to salvage it. we're live in south korea next. o unplug and be together. with my bladder leakage, i'm not doing that anymore. when i went hiking with the other product, it just didn't fit right and i was always readjusting it. so, now our camping trips are their camping trips. but with the new sizes

. >>> two legal views now from alan dershowitz also norm eisen. professor dershowitz is author of many books, most recently "trumped up." >> professor dershowitz, every day there is a shifting explanation and more confusion when it comes to the stormy daniels payment. is it even clear to you at this point what the president's official story is and has this back and forth with rudy guiliani opened him up to even more legal exposure? >> well, it certainly exposes him to criticism. they have not been speaking with one voice or presenting one clear narrative. i think the best narrative they have, i don't know whether it's true or not, is that this guy cohen was on retainer, he was the fixer, he was paid $35,000 a month to fix up all the problems and at the end of the year they would true up and find out if he paid more than he got and the president didn't want to know specifics about any particular cases, he just wanted everything to be fixed. you know, that really does create more political problems than it does legal problems. >> i mean, he has put

. >>> we want to talk more about this with lauren brook eisen a senior fellow at new york universitychool's brennan center for justice program. she focuses on improving the criminal justice process. she is also the author of inside american prisons. dilemma in the age of mass incarceration. lauren, i want to start with kind of an outline of how far we have come on this question of prison reform. the conversation we are having now around this issue that both republicans and democrats are participating in, very, very different from the conversation we were having in the 1990s when the frame was completely different. how have things changed in your view? >> absolutely. so in 2008, we had 2.2 million people behind bars in this country. more than any other country on planet and a lot of your viewers probably know that the u.s. has 5 pshz of the world's population and 28% of the world's incarcerated population. we have not improved communities, made communities safer, we have not reduced recidivism. that's why the first step act is trying to move us in the right direction. as you mentioned

. >> first, sara eisen has a look at what's coming up on "power lunch. >> coming up, it's fed day the expected to release their interest rate decision we have instant reaction and analysis plus, you'll hear from bill gross. his outlook for interest rates following the fed, and will spotify's first earnings report be music to investors' ears. plus, the latest trend in housing. don't trick it out, strip it down we have details on that and much more "the halftime report" is back after this the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. yes or no?gin. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks li

while the company didn't raise as much as had been expected, the ceo toldt sara eisen t believes the value of the business will be reflected in the stock price in the long term. >> i think markets go up and by and pricing is set markets. we can't control that. really what we know we have to do is run our business well, develop good solutions for clients and give good service and over the long term i think the markets will recognize that. the shares finished up nearly 2% to >$20.34. fter the bell chip maker nvidia reported a stronger than expected risend in profits revenue as demand continued to grow for the graphics chips. the company gave revenue guidance for the cuarenter above estimates. shares were initially volatile after hourshey ended the regular session up 1.5% at $260.13. >>> software company semantic reported improved earnings after the bell but the reports still came up shy of estimates. the company warned that an ongoing internal investigation gave annual results and guidance. shares fell and they ended up 1.5 at $29.18. >>> shares of ford moved odightly higher after the

shelby eisen berg went deeper than any american woman had done diving while using only then. oxygen in her lungs. when she reached the target depth she snatched a tag off of a weight and sped back up to the surface of course to get err air. as she emerged she just mild. shelby dove 278 feet down. >> wow. >> it took nearly three minutes to complete the dive. holding her breath the whole time, which happened off the coast of grand camen. amazing. >> hard to get around san francisco on sunday o sunday because of the bay to breakers race. the 12 k run starts at main and hourd street at 8 o 8:00 in the morning. several nearby streets will be closed as well as streets on the route. which downs down howard to ninth street and hays into golden gate park. we will stream the race life on abc 7 news.com. and we'd love to see your pictures if you are running or watching the bay to breakers police please share photos and videos with us by tagging the social post was the hashtag abc 7 now. >>> watch this video from a viewer of the picnic area at crown beach in alameda. as you can see gosse

difficulties because people are still displaced and more than seventy percent of that is completely destroyed eisen says it killed one candidate in mosul iraq's interior ministry says its plan to secure the vote is being coordinated in strict measures are in place for this elections this applies to baghdad and also all the provinces including. like everything now it's and we achieve all of. the northern city of used to be held by kurdish peshmerga now iraqi forces have taken charge when rich could kook is also known as many iraq because of its mixed population including kurds turkmen christians and arabs during this election the focus is on using the strength of diversity to solve the commission's. targets and. accords a stance between the continent of the iraqi and car cork the real test will be in places like ramadi and other sunni majority areas which were under rice and much of the roads and buildings have been destroyed and many residents are still displaced iraqis are worried about sectarian divisions and political corruption. after we saw candidates back stabbing each other and some familiar

i'm sara eisen here with david faber.lla with us from the code conference in california the euro once again the focus of markets around the world it's bouncing back today, about 0.5% from a ten-month low. italy's attempt to form a government and selling more than $6 billion worth of bonds today giving the markets some relief but this currency still down about 4% for the month that's huge when it comes to currency land moves. analysts say there's more pain for the euro the euro won't fully recover until the threat of italy leaving the single currency is removed and confidence is restored that's a quote from a note this morning. it could be spun into a vote in or out of the euro at least they could campaign that way you may remember when everyone and their mother was betting against the euro, especially hedge funds during the height of the european debt crisis, 2010 through 2012 actually right now the market is betting on the euro. check out the positioning we got as of last week. hedge funds and big speculators are long th

i'm carl quintanilla with sara eisen and david faber.arkets managed to cut its early losses about in half dow down 78 points meanwhile, new economic data new home sales this time let's get to rick santelli >> yes, for the month of april, we're expecting a number around 680,000 units. 662,000. seasonally adjusted annualized units follows a lower revision at 694 now 672,000 so that puts us up a little over 1% how does that stack up 662 actually is the weakest number going back to the first number of the year in january. but to always get more color on housing let's aim east to the state of virginia for diana olick. >> rick, i'm sorry to say i'm not surprised at this number we saw mortgage rates jump pretty dramatically in april these represent contracts signed in april, not closing. so folks out shopping for homes like this in the month of april. we also saw from the mortgage bankers association that mortgage applications to purchase a newly built home fell in april month to month, and they usually rise. so that inventory number going up t

i'm carl quintanilla with sara eisen and david faber.all out of fiat chrysler harvey weinstein in court. dow is down 62 points. everything pivoting off this $2 decline in oil as airline and consumer products lead the tape. economic data crossing rick santelli? >> 98.8 mid-month read we toss that and replace it with 98.0. we've backed a little bit on what we replaced that follows 98.8 because that was the final read for april as well as the midread for may. that is the weakest number since the first read of the year at 95.7 but historically, it's still at a lofty pace the internals on the inflation side, one year, 2.8. steady with our last look. and five to ten-year inflation steady at 2.5. sara, back to you. >> lofty but a little lower on confidence rick, thank you. >>> we will take you back to the courtroom because we are seeing harvey weinstein now exiting let's listen in. >> anything you want to say to the accusers, harvey harvey how are you feeling? >> make a statement out front briefly. >> contessa brewer has been there live not a s

. >> ambassador eisen. >> anderson, the fascinating thing and it is a crisis for the country, but one can't avoid the drama of the crisis. this is a battle that is fought in all courts. there is clearly has been activity. and there will continue to be activity in congress. should the house of representatives flip, there will be an intense new oversight. there is parallel civil cases that bear upon what is going on and most of all, it is being fought out in the court of public opinion. this is an all-fronts war. emmett flood is a pro at fighting those battles. trump has finally brought in a true general. it is lake when lincoln cycled through all of those generals before he finally got grant to come on board. the only question is, trump is no lincoln. it is pretty tough to have donald trump as your client. >> what leverage does rudy giuliani have? if the president even agrees to talk at all? at what point does mueller say, look, we'll get a subpoena. >> okay. and what is going to happen there, that would drag on this investigation longer and longer and longer. no one wants to see it pr

. >> welcome to "power lunch," i am sara eisen. fears of italy and the euro zone impacting your money the dow is plunging at this hour the currency markets hitting its low. bonds on the move, this is the center of the action yield on the portuguese note. oil is tanking again, adding to last week's big drop and prices hitting the lowest level since mid april. >> tyler welcome everybody, i am tyler mathisen let's get to trading at this hour, what a busy day we are watching we are around session lows right now of 100 points off of them right now. see see seema see seema mody is at the new york stocks exchange. >> the europe market is closed for the day. a lot of moves out of rome and the lead that raise the likelihood of a possible snap election worries that these parties can campaign on an anti european platform italy is much larger than greece, third largest european economy, making it much more intertwine but global assets also, worth noting that italy has been without a government since an inconclusive vote in early march. the ban

i'm carl quintanilla with sara eisen and david faber.e first time since the middle of march as the white house says a trade war with china is on hold. that's where our road map begins china trade talks, tariffs on hold as negotiations continue. the president promising great things for american farmers. we'll get the inside scoop from top white house economic adviser larry kudlow in a minute >> watching the markets, stocks surging amid easing trade tensions dow jumping 300 points led by strong gains from caterpillar and general electric >> and ge, that company is planning to unload the bulk of its transportation business to rail equipment maker wabtec. >> first up, let's look at this market dow up about 276 points. so we are bouncing back strong comments over the weekend from secretary mnuchin saying trade war on hold. clarifying this morning on "squawk box" saying meaningful progress was made between the chinese and the americans on trade talks. the dow is up more than a percent. 1% gain for the nasdaq as well, up 70 points and the s&p 5

lee and norm eisen, a former obama white house ethics czar. m.j., to you first. catch us up here on what has just happened. >> brianna, this is signature because we are seeing a donald trump officially acknowledge in his financial disclosure form that he did in fact reimburse his personal attorney michael cohen sometime last year. the big question heading into today or any day this week, whenever this disclosure form was going to come was when he would decide to make that disclosure. i want to point out the office of government ethics, the agency that put this form out, said that they made the clear determination that the payment to michael cohen had to be reported but if you read carefully the language here says that from the trump camp that they did not believe this was a payment that needed to be reported but they are doing so anyway in the interest of transparency. now, as you noted, the form doesn't specifically say what this reimbursement to michael cohen was for but it does say what the range of the amount was, somewhere between $101,000 to $250,000. the b

at that >> airplanes >> we'll keep an eyeon that officially welcome everyone to "power lunch," sara eisen here and michelle caruso-cabrera and melissa lee will be back in a moment >> we are going to get to mark zuckerberg's keynote speech in a moment first a check on trading investors are hitting the sales button as we kickoff the new trading month. dow is down triple digits and down for the eighth times in ten sessions industrials are lower than 300 points the s&p is off 3 quarters of a percent and nasdaq is holding relatively well. financials are taking a hit more than half the stock of the etfs. they're in correction of territory or greater that's including wells fargo and city and goldman and morgan stanley. gold is hitting its lowest level of the year as we talk more of the effects of the strengthening dollars. >> let's get straight to julia boorstin who's live there, julia, could be facing a hostile group this time around >> reporter: i think it is going to be a tough one for mark zuckerberg there are about 5,000 developers and a lot of them are concerned of the fact that facebook o

with us david chalian, norm eisen.ut what we had learned from the president's tweets and also from rudy giuliani, but the president tweeting about the fact that michael cohen was on a retainer and this is normal for celebs to keep people on a retainer and they can take care of things. could the attorney use a retainer as a way to make payments on a client's behalf. is that really what a retainer is for? >> no. when president trump tweets a statement about the law, you should assume the opposite is true. clients are entitled to benefit from the ethic rules of the profession and one of the cores of those is informed consent. look at the trouble that has been created here by mr. cohen's statement to stormy daniels. that's why the ethics rules require clients to check in. -- rather lawyers to check in with the clients. so, no, you're not supposed to be doing this. also, giuliani said the monthly repayment was only starting after the election. you have to wonder if he's trying to squeeze a preexisting stream of payments to

i'm sara eisen the dow breaking its eight-day win streak suffering its biggest one-day drop in three weeks. same for the nasdaq. despite today's tumble, the dow and s&p having their best may since 2009 the nasdaq having its best may since 2005 wall street's so-called fear index moving higher, at its highest level in a week. and treasuries are lower yields on the benchmark ten-year treasury hitting their highest level since 2011 also emerging markets are getting slammed. the eem on pace for its worst day in almost two months tyler. >> sara, thank you very much well kocome to "power lunch." home depot one of the biggest dow losers they missed sales estimates. we have more on this one ahead. >>> and uber releases new details about the way it handles sexual harassment claims the company is rolling back the use of controversial forced arbitration agreements for employees, riders and drivers. forced arbitration lets companies keep sexual harassment, assault claims, other things out of the courts and out of public view. >>> and shares of vodafone are down on the news its ceo is stepping dow

check in "power lunch" starts right now >> hello, good afternoon and welcome to plounch i'm sarah eisen. stocks are under pressure today as we head into the long holiday weekend. the dow and s&p 500 trying to avoid a secondid straight day of losses however both are still on track for their second week of gains this the last three. the nasdaq is holding you. investors are piling into safety yields on the the bench mark ten year treasury at their lowest level since the beginning of may. the big market story this hour is oil prices are plunging right now. crude down about 4%. the energy names getting whacked. dom chu is tracking the action >> it's probably the most noteworthy move happening in the oil market right now that oil price slide by more than 4% so far in today's igs session. it's on pace for its worst say dating back to july of 2017. the oil move is driven by the fact that major oil producers like saudi arabia and russia signalled a willingness to pump more crude onto the market that prospect is putting pressure on a number of big oil and gas names making energy by far the worst

eisen, one of the individuals that they interviewed, norm eisen who served as an ethics lawyer the obama white house suggested it might have had something to do with the fact that cohen is under criminal investigation in new york. f.b.i. agents raided his home and office several weeks ago, seeking records about the non-disclosure agreement -- i want to hear your thoughts this morning as we take this topic on in the first segment of the "washington journal." shirley has been waiting in mansfield, ohio, a democrat. go ahead. caller: yes, good morning, and thank you so much for c-span. mayor giuliani look like a clown last night with the statements that he was making. and sean hannity jumped on board to try to help him out. i am 68 years old and i have common sense. this man is covering for the president of the united states and no one believes this. i don't care if his supporters calls in and says they believe him. i do not believe them. and another thing. melania trump, my heart goes out to her. nobody mentions her with all this mess that this president has gotten himself in. the first la

exclusive you have to see "power lunch" starts right now >>> and welcome to "power lunch," i'm sara eisen rally on the dow is up for a sixth straight day, now positive for the year the nasdaq is up for a fifth straight session, on pace for its longest winning streak since early march. all s&p 500 sectors are higher, health and technology leading the way. small caps also joining the party, they're on pace for their fifth day in a row of gains for the first time since mid-february the russell 2000 actually trading less than 1% away from an all-time high melissa. >> i'm melissa lee we begin with a rapid update on the u.s. economy steve liesman is joining us with the latest estimates on gdp. >> we have our first look at the second quarter and it is a big one. the medium of five economists coming in this time for the second quarter look. 3.7% with a range of 3.1 to 4.1 which is pretty tight for this early in the quarter this is a tracking forecast in that it uses actual data, but there is not a lot of data yet. >> there's five you said, right? >> five economists but they use data, melissa, on

attorney harry littmann and former white house ethics czar and ambassador to the czech republic, norm eisenthey're both here. appreciate you joining us. good evening, gentlemen. the president doesn't talk to the special counsel's team, norm, will they compel his testimony before a grand jury? >> don, thanks for having me back. i do believe that if the president refuses to talk to the special counsel's team that they will seriously consider subpoenaing him. they have already significant evidence of obstruction of justice. we now have some idea of their collusion questions. there are important questions there. they can't get to the bottom of what they need to know. bob mueller, who i've worked with, same side of the table and against, can't do his job without hearing from the president. so i think a subpoena is likely. >> but what if the president goes in and just says, i plead the fifth. regardless what he said in the media that pleading the fifth says you're guilty. what if he says that? >> the president is facing a wicked -- it's not a dilemma, it's a trilemma, if he goes in and tells the

. >> norm eisen, the ethics lawyer, says he believes pruitt is you should under no fewer th separatetions, which is staggering. >> and still has a job. >> anita, later in this broadcast and later tonight we're going to talk about the return of these detainees from north korea. in normal times that would be a front-page story that would get a good ride, a news cycle or two but as no one needs to remind you, we could wake up tomorrow morning to just the latest headline on all things russia and it could be washed away having happened while most americans slept. >> it's true. but this president is trying to really use this moment tonig tonight -- the americans are supposed to come back at 2:00 a.m. he has decided to go there with the first lady to greet them at the airport. he's opened the event to all media, just not the pool that normally travels with him. he's trying to make it a tv moment and hoping to capitalize on that and he hopes people will wake up to in the the morning. >> great thanks to phil rucker and anita kumar, appreciate you joining our conversation tonight. >>> coming u

now, former virginia attorney general, ken cuccinelli and norm eisen. the personal attorney for the president asking for a million dollars from a foreign government to influence the president and this news from giuliani. let's start with that. ken, if rudy giuliani is telling the truth and bob mueller's team said we cannot indict you, how significant this news for the president? >> well, it's significant, but not shocking. as you noteded, erin, this goes back to the nixon era. reaffirm nd the clinton administration, so republican and democrat administrations have come to this same legal conclusion, so it isn't related directly to this case. it's an acknowledgment by the mueller team that the previous assessments by the department of justice predecessors were correct. it was a constitutional issue and it really leaves us today right where a lot of people thought we started in terms of what their authority was with respect to the president specifically. >> also, norm -- >> can't tell michael flynn that. >> as dana pointed out, this has not been tested in

. >> first, sara eisen with a look at what's coming up on "power lunch. >> hey, scott.g up on the show, how big of a threat is the rising dollar to the global growth story what companies here could get hit the most >> plus, new york city comcomptroller scott stringer weighing in on the battle to legalize pot and whether they're jumping in on the sports betting game pld tepper buys a team and sells ape. that and much more ahead "halftime report" back after this arkets, the rhythm of the world. arkets, but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. with dell small businessout your technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today. this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities - trade confirmed - and i have global

find out about the options moves they're making in health care and beauty products >> first, sara eisenas a look at what's coming up. panera, sara she could even comment on this story. >> yes, truffle fries better than spiced fries. >> coming up, disney continues to deliver at the boxoffice, smashing more records, but it appears investors are still focused on espn. is it time for them to spin off that asset warren buffett and charlie monger calling bitcoin a worthless rat poison >> and we're live in hawaii with the latest on the devastating v volcano there. every way we look out for those we love is an act of mutuality. we can help with the financial ones. learn more or find an advisor at massmutual.com we can help with the financial ones. (birds tweeting) this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. thi

norm eisen. what do you make of this? people are saying giuliani did this to get them out of trouble with the potential campaign violation but it could create another problem. >> yeah, first of all, i don't profess to know what the communication strategy here is. i think we have seen over the last few months, things going in different directions. with regard to campaign violations, number one, proving intent in these types of cases is extremely difficult. you basically have to show that the defendant not only did the act but knew exactly what he was doing. really an attempt to circumvent federal election law. i think in this case, if there are certainly evidence that it may have been carelessness as distinct from an effort to circumvent federal election law. in this area, there is so much that's great, that has not been determined by the courts. the panda punishments can rang. we haven't heard the last of this, bringing prosecution based on the facts in my opinion will be a real challenge. >> shannon: this is separate and

"outfront" now, norm eisen, former obama white house ethics czar. correspondent for american urban radio networks. row naught dough mariotti, former federal prosecutor. senator warner is suggesting the president is sending a message to people like cohen, people like flynn, people like manafort. hey, stay loyal to me and i'll pardon you. is that a possibility? or victoria tunsing said, look, they don't need him to tell them that, they already know. >> i got to tell you, that was the least objectionable thing that victoria just said in the last segment. she said so many lies and demonstrable -- things that are false statements that you could easily look up and find are false. it was hard for me to sit through that segment, to be very frank with you. look, i think it's very clear that trump is using this to send a message. he didn't just choose these -- this handful of people at random. i think we reserve we have six pardons now. we didn't choose them at random, he's choosing people who are ultimately either connected to people who are investigating hi

"power lunch" starts now >>> i'm sarah eisen. well, that didn't last long, the pan over italy's political and debt crisis subsiding. was the fear overblown the trillion dollar race, microsoft hitting a new all-time high that stock up 15% this year, overtaking alphabet in terms of market cap for the first time in three years. what is fuelling the forgotten name. >>> and president trump weighing in on the controversial debate over experimental drugs. also tweeting about roseanne getting the ax for the first time, firing back at disney ceo bob iger all the details straight ahead "power lunch" starts

i don't think there could be more to blame him, anymore than the fact eisen hour could be blamed because castro overtook cuba. >> microphone. >> an economic question, as you know i wrote a book which basically gives carter a huge amount of credit for deregulating the economy, for opening up the competition. ipe don't call it deregulation. i think that is really what broke the back of inflation and i wonder why you give so much credit to volcker? i wouldn't give nearly that much to volcker? >> first of all, paul, i do give, i havell a very large chapter on deregulation and competition. and the fact that, with trucking, for example, you had a back haul rule that did not allow a truck that dropped off a whole cargo at point a, to return, loaded, back to home base. i mean it was crazy stuff like that. so the deregulation absolutely injected more competition, lower prices, lower fares for airlines, and so forth. i give full credit. thatne only materialized again muchch later but second, i do believe, paul, that even with that we wouldn't have broken the inflation psychology had volcker not to

justice warren burger, we will tell you about the other members of the court. , thenixon appointees , eisenntees her appointees still on the -- there wereime eisenhower's appointees still on the court at the time. 13 days after the new york times published that first article, there were two hours of oral argument. we will listen to a little bit. you did not argued the case. tell me about the legal team and how was assembled. frome chief counsel was yale law school, a professor. the professor under whom i studied in law school was few did not language of those days as a conservative academic. he clerked for justice frankfurter. as he once put it to me, he was not a first amendment voluptuaries. and he was not. if there was any criticism of the times's lawyers presentation to the court at every level, then and even now, it was that we did not talk enough about the first amendment. we talked about separation of power. we talked about statutes. we talked about a lot of things which might be easier to attract the votes of conservative court. on the susan: we will listen to a portion of alexander

welcome back i'm sara eisen, live's always from post 9.ding, let's look at where we stand s almost 0.75 of a percent, the fear this morning is on europe, on italy with a big jump, a decline in the euro back to a ten-month low against the u.s. dollar, as the country trying to figure out a government and whether it will have to hold a new election. >>> oil meantime off a buck and change jackie deangelis has a look at what's driving those move. wti continues the decline. brent is a little higher now it may be time to put the oil back on, especially when you consider half a million barrels of iranian oil could come off-line at the end of the year and venezuela is -- recall, the russians complied with this production cut, but they were never really happy about it. the saudis have a vested interest in keeping praises higher some are speculating it could have to do with the relation of the united states. they implies there's more up side to the prices if the saudis attempt to balance this with more supply it could key the all eyes on -- and the a

i'm sara eisen with carl quintanilla and david faber. trading and a nice rally on our hands the dow up about 150 points. s&p up 0.4%. it's led by energy and technology apple is a big winner at an all-time high. therefore, the nasdaq is up almost 0.75% yields and in dollar rising as well warren buffett taking another swipe at bitcoin this morning. why he's shunning the cryptocurrency >> and when you buy nonproductive assets, all you're counting on is whether the next person is going to pay you more because there are even more excited about another next person coming along. but the asset itself is creating nothing. you can have anything you want to imagine if you just look at something and say that's magic you can do it with shark's teeth or sea shells. anything they did it with tulips in the 17th century in amsterdam and they'll do it again. >> berkshire's vice chairman echoed buffett's criticism of investing in crypto. listen to this >> bitcoin is worthless artificial gold which if it succeeded would facilitate a lot of illicit activity.

. >> i am sarah eisen. here are headlines revlon naming its first ever female ceo debra perelman takes over from fabian garcia who stepped down in february. perelman is daughter of the founder and has spent more than 20 years at the kmets giant. >>> comcast is preparing an all cash offer for 21 century fox. preparations are in advance stages and would be at premium to disney's offer. >>> two consumered advocacy gros say consumers could be thinking into auto pilot makes the tesla avenue driving when actually it is an enhanced cruise control application. >>> general electric is the worst performer in the dow at this hour. leslie joins us. >> flannery was speaking at an industry conference where he affirmed ge's targets for profits and free cash flow and also saying he doesn't expect to see profit growth at ge's power business this year most of his comments were focused on that part of the business, which along with ge capital are seen as beleaguered units in the company flannery told the conference the manage

. >> i'm sarah eisen after testifying before conditioning about facebook's data scandal mark zuckerberg will meet with european ileader to talk about security issues. >> buying the panthers for $2.2 billion. the team was up for sale following allegations of sexual harassment by the owner. >>> tiger global management has sent a letter to game stop's board urging it to launch a strategic review to rebuild investor confidence in the wake of management departures >> breaking news on north korea. president trump casting doubt on whether his summit with kim jong-un will still happen next month. ayman javers is live at the white house. >> the theme is uncertain about that summit, which had been scheduled for june now it's unclear whether it is going to happen at all sarah huckabee sanders was out talking to reporters here this morning talking about it in a conditional way, using the word if take a listen to what she said. >> we will continue with a campaign of maximum pressure if that's the case. like i said, if they want to meet the president we will be ready and we will be prepared. if not t

"power lunch" starts now >>> i'm sarah eisen. well, that didn't last long, the pan over italy's political and debt crisis subsiding. was the fear overblown the trillion dollar race, microsoft hitting a new all-time high that stock up 15% this year, overtaking alphabet in terms of market cap for the first time in three years. what is fuelling the forgotten name. >>> and president trump weighing in on the controversial debate over experimental drugs. also tweeting about roseanne getting the ax for the first time, firing back at disney ceo bob iger all the details straight ahead "power lunch" starts now >>> welcome back to punch. >> i'm melissa lee your money making a comeback from yesterday's big losses. the dow and s&p 500 up for the first time in four days. all three major afternoons on track for their best monthly gain since january take a check on small cap stocks this rallying. russel 2000 hitting a new intraday high. banks boci back. all up about 1% right now. oil rebounding from its recent big losses crude is up about 2% tod

. >> i'm sarah eisen here's what else is happening at this hour. department of transportation conducting an audit of the faa's oversight of both allegiant air and american airlines. this of course comes after reports of improper maintenance practices. >>> france's president macron speaking on the phone with the president of iran today urging rohuhani to stick with the nuclear deal even though the u.s. is backing out. >>> sears striking a deal with am to install tires that are sold on amazon at its car care centers. more tails on that partnership coming up. >>> three stories we are following at this hour the president meeting with his cabinet just a short time ago. oil prices are spiking that's fallout from the iran deal and the market reaction to all of this. let's begin with ayman javers, he is live at the white house in d.c. >> you mentioned the cabinet meeting that the president hosted here at the white house earlier today. during theet mooing he answered one of the key consequence on this iran deal, which is what happens from the united states'

i'm sara eisen live with carl quintanilla and david faber. the dow is down 69 points. energy are fueling the gains. despite that build in inventories that jackie just reported groups like financials and health care are the biggest losers >> shares of snap taking a hit after disappointing earnings that were attributed to a costly and much criticized app redesign facebook announcing a series move to products including instagram video chat and that new dating platform. dan rosensweig joins us from one market this morning. good to see you. >> good morning, carl. and welcome back, sara >> thank you >> and david, too. >> i get nothing >> well -- >> thanks. >> you know, david, i watched you at the milken conference and that you were brilliant. >> even better >> now we can move on. >> let's tackle snap first the revenue miss, the dau miss, the guide. this redesign. do you see a path to them working their way out of this? >> not any time soon to be honest, i was reflecting on sort of 2005 yahoo! days which is when the signs are your inventory is less and your price per head uni

eisen on concerns the acts may be able -- that the x will fall. the daily briefing is underway.g to health and -- health services administrator. >> it is important we have more competition, we need a final and vibrant generic drug industry. we need to foster and nurture a letterpetitive bio-some -- bio-similar complex. we need to foster and nurture that. we also have to get after pharma companies who engage in anticompetitive practices and try to block the entry of generics or i/o-similar products to market by, for instance blocking the products of the cannot do the studies to get approval of an affordable generic or bio-similar market. we will go after these abuses. better to bring more and tools to medicare program so we get the best deals. the part d drug discount program for senior citizens is 15 years old. i was there when we created it and helped to launch it. it was -- still a great program but it had the best tools, it was the best and negotiating great deals for senior citizens and was able to drive formularies that were efficient and that is what helped keep the cost o

i'm sara eisen with david faber and mark santoli carl has the day off half hour into trade and we've apple helping things out on news from becky quick that warren buffett bought more apple shares dow about to go to the flat line our road map for the hour starts with buffett's big bet berkshire hathaway buying 75 million shares in the first quarter. what else he told becky quick. >>> and a deep dive into the april jobs report. the unemployment rate fell to a new 18-year or nearly 18-year low. wage growth,however, remains sluggish how the major averages have been responding and what it means for the fed. >> plus, nike's ceo mark parker reportedly saying sorry. apologizing for the company's culture in an all hands meeting. we've got the detalss. >>> berkshire hathaway buying 75 million shares of apple. speak with becky quick fd she joins us from omaha. big reaction in apple shares >> sara, good morning. good to see all of you warren buffett never really shows his hand or tells anyone what he's buying in terms of a position he likes to keep that secret because he'll often see a reaction

i'm sara eisen, we are seeing fallout from trump's aid the tariffs, as long as sliding on this final trading day of the month. still, the old saying sell in may didn't pan out stock market on track to post its biggest monthly gain since january. there are some movers, the etf attracts the steel sector, slx moving higher on pace for a second straight positive day shares of u.s. steel leading the way but the etf that tracks mexico, the eww, down on pace for its worth month since september, 2011. the canadian etf down as well on pace for its sixth negative day in the last seven. melissa? >>> deutsche bank shares plunging on reports that the federal reserve reported that it's in troubled condition the designation that took place is one of the loyest used by the fed. cnbc reached out to the fwed we got a no comment. deutsche bank not commenting but in a statement it says the ultimate parent of the deutsche bank, deutsche bank ag is very well capitalized and has significant liquidity reserves. >>> uber's ceo says the company is on track for an ipo in 2019 and that it's in talks to add waym