you can buy a lot of quality businesses out there and not pay too much >> metlife metlife has a lotgood people, but these are insurance companies. that's almost the ultimate flight to safety i'm trying not to say the word boring >> it is boring but they've gotten their act together streamlining businesses. we think they can grow in the mid single digits, high single digits in terms of earnings. we think it has room for growth. >> these insurance companies need to have the capital, make sure you get the money and it's been difficult to get that done lately let's talk about comcast obviously our parent company here at nbc universal. why this name? >> comcast is a great long-term business >> thank you thank you. >> exactly it's been 12 to 15%. they've been off in the last year on fears that they would overpay for fox. that is now off the table. >> you're glad we're not doing the deal >> we think you've been a good acquirer, but if you pay too much that's not good the fact you're not doing it takes uncertainty out of the way. you're a good business at an attractive price >> metlife, com

the tour resumes tonight at metlife. >>> another music headline, drake's star-studded new music videon my feelings" music video dropped last night from came owes from will smith and the kids from stranger things the rapper paying tribute to who helped make his song a number one hit with their viral "in my feelings" challenge videos. >> comedian shiggy, who initiated the challenge, also pops up. the woman behind it also directed his "god's plan" and "nice for what" music videos. this tribute shows stunts not the serious dangers. >> run, run. these challenge mishaps have prompted warnings from officials. >> kiki, do you love me. >> this road sign in oklahoma blares, keke, stay in your car. and even the ntsb posted this advice -- don't jump out on a moving car for a meme. >>> first up in tonight's know and tell. tim allen defends roseanne barr. the 65-year-old fellow comic said, quote, that's not the rosie i know. adding, she was the most tolerant woman i have ever known. the comments come two months after the racist tweet that caused abc to fire roseanne from her massively successful re

to take metlife as one example, it is our fastest growing region and already generates more than 40% of our global revenues. all u.s. companies need the support of the u.s. government in maintaining constructive relationships with foreign governments and establishing a level playing field for business. the commerce department plays an integral role in that process, and we look forward to hearing about current efforts in that regard. of course, the membership of the chamber stands ready to partner with you in achieving these objectives. now, mr. secretaries, 35 and 39, the floor is yours. [applause] >> thank you. thank you, good morning. secretary, thank you for being with us, and before i get started with some questions, i just want to congratulate secretary ross, the president for a great quarter of gdp growth, so, congratulations to you and the economic team. we're looking forward to a lot of those. secretary ross: thank you. secretary gutierrez: so getting on with indo-pacific, it features prominently in the president's national security strategy. from a strategic logic, what is t

everyone in the packed metlife stadium was forced to leave their seats as strong wind, rain and lightning approached before the couple's "on the run 2" concert. farther south -- >> the water is still rising. >> reporter: -- homes and businesses swamped in a georgia town as floodwaters overtake cade spring. and in arizona more evacuations as a monsoon brings this massive wall of dust, heavy rain and more flooding. and some of those areas will get more rain today. we'll have the forecast from accuweather in minutes. >>> the country's top national security officials are sounding the alarm on current russian election meddling, but as they address the issue, president trump complained about a russian hoax. abc's stephanie ramos has the latest from washington for us. good morning, stephanie. >> reporter: diane, good morning. last night president trump took the stage at his second rally this week, this time to support a senate candidate in pennsylvania, but the focus quickly turned to the wall, the media and his, quote, great meeting with russia's president. president trump at a campaign rally i

. >>> the guy sitting to my left, drew mattis managing director at metlife investors.ot of worries out there, turkey, china, north korea but structurally, not to harp on it and be too optimistic, there's a lot of good things happening in this country right now. >> well, you know, there's going to be more small business owners were saying this is the best time ever talking about how hard it is to find employees, which should be good for wages going forward today you'll get retail sales. we'll see what the start of the third quarter looks like that will probably be good this whole idea that hey the second quarter was a fluke 4% was not going to be repeated, if you look at the atlanta fed, atlanta fed is telling you it may be repeated and better than the second quarter >> the naysayers on this economy, and there's a lot of them out there, the naysayers do have a point they say wage inflation and wage growth has not kept up with the pace of the u.s. economy, and that's the negative. you believe it sounds like we're close to that finally changing >> i still believe in suppl

the ceo of the property casualty insurers association of america which includes metlife, geico and progressiveamong some of its 1000 member companies is also president george w. bush 's deputy under secretary of commerce. welcome.are you telling me that there is a direct correlation or indirect, between threats of auto tariffs and the premium i pay all my auto insurance? >> yes, there is. because insurance is a factor of lost cost and the tariffs are going to increase 2.7 percent. 60 percent of all auto parts are imported. so it is a big component of your vehicle. that translates into $3.4 billion of increased cost for auto repair and accidents. >> because of what some 60 percent of all auto parts are imported? wes yes and when frequency and severity are at all-time highs -- liz: because of texting? >> distracted driving, more driving, old roads, there are more accidents that are occurring out there. and so, all the cost will get passed through ultimately to the consumer. liz: so we are told about auto parts, not necessarily the car. we were general motors estate will tack on a couple hundred

the east, severe weather also forcing the evacuation of the kenny chesney concert in new jersey's metlifeium. on long island, a man was killed after being struck by lightning. in the west, new video of this mud flow in southern california after heavy downpours in riverside county. take a look at this newly released cell phone video capturing the dramatic moment a son and father became trapped in a raging forest fire in montana's glacier national park. >> jesus god, help us. >> reporter: the two navigating through the flames as fiery debris rained down on their windshield. the fire caused by lightning now scorching over 4,100 acres. >> they can certainly use some rain we're getting in the east. i was actually at that kenny chesney concert when it was being evacuated. an hour and a half delay because the storms kept lining up and training over each other one after the other. we can see similar weather across the southern plains and the southeast as well. we'll time that out in a few minutes. guys, back over to you. >> thanks, rob. >>> to the new details about the special counsel's russia in

i love that. , and i want to mention as well we got metlife earnings to go to the other end of the spectrumcond adjusted earnings were $1.30. one dollar 17 was the estimates. return on equity is six and a half percent -- 6.5%. they don't tend to be that volatile on the back of earnings and we will see if that changes. let's get outside of business and your first word news this afternoon. mark: the federal judge in paul manafort's fraud trial warned prosecutors today against using the word oligarchs to describe wealthy ukrainians. lawyersge warned spending time -- on spending time trumps extravagant lifestyle. the judge said repeatedly let's move it along. the trial is the first courtroom test for special counsel mullet -- robert mueller. presidenthouse says trump's criticism of mueller's probe are not obstruction. sarah huckabee sanders said today the tweets this morning on the president "fighting back." she also offered an explanation of the tweet in which he wrote that jeff sessions "should stop this rigged witchhunt now." order, it is the president's opinion and it is ridiculous that all

the evacuation happened just as the couple was taking the stage last night at metlife stadium. cell phone video shows people leaving their seats. some were wearing ponchos for the rain. the concert resumed after about an hour's delay. >>> president trump held a rally with supporters last night in pennsylvania and said nothing about the administration's vow to protect this year's election from russian ddling. top national security officials laid out their strategy yesterday. saying they were acting on the president's orders. weijia jiang is near the new jersey golf club where mr. trump is starting a ten-day vacation. weij weijia, good morning. >> reporter: good morning, norah. the trump administration's display followed a period of tension between president trump and his intelligence community because he sided with vladimir putin in helsinki. but this morning, he faces new questions about why, for his part, it's as though this new show of force against russia hadn't happened. >> they wanted me to walk up and go like this. >> reporter: president trump once again defended his summ

. >> everyone in the seats -- >> beyonce and jay-z fans scrambling for cover at metlife stadium. the concert delayed because of the storm. >> so much moisture in the air. when these storms develop in the afternoon, they happen in a hurry, and some of became severe across parts of new england as well. the damage outside queens. check it out to see if a tornado hit. tropical moisture feed continues to be in place. the appalachians squeezing that out from georgia to vermont. once again today, flash flood watches posted slowly moving to the east. i-95 corridor through tomorrow evening looking for another 2, 3, 4 inches of rainfall before it begins to dry out. more over the next 36 to 48 hours. >>> president trump's fiery rally overnight. the president hitting the defending his relationship with vladimir putin, but making no mention of moscow's continued interference in our elections and not just that, he is blasting the press just hours after his own daughter, ivanka, said the media are not the enemy of the american people, and now "the new york post" is out with this cover, papa, do

within the financials metlife and principle plong the stocks hitting lows energy is the least worst ofll of these almost flat. wti is just about higher there today. >> courtney soybeans, futureses plunging nearly 5% on track for the worst day since july of 2017 raising the outlook for the soybean harvest for the 2018-19 crop year. and projecting exports hit a record high despite the ongoing tension was christopher gibbs. he and his family own and operate 500 acres of soybeans. does in take into account the retaliatory tariffs on u.s. soybeans >> well, what it shows is a couple of different things we've got a big crop out there and the market knows that. but over time we have traded with china and i'm not sure the market is taking that into account at this time. >> i was on a north dakota soybean farm a couple weeks ago. we and talked about the fact that if you are working actively working to open new markets in china and aufltds you've got the tariffs, it's not just the fact that the tariffs raise the prices for chinese consumers there is political pressure on these guys, the importers

new jersey, the severe weather forcing thounds of fans at beyonce and jay z's outdoor concert at metlife stadium to seek shelter inside the venue. but not even the bad weather could stop the dynamic duo, taking the stage atas 11:00t night. the superstar couple performed for more than twos. ho beyonce thanking the fans for not letting the rain stop the night. now, up and down the east coast, there are som scattered power outages this morning, and today's task wilbe to clean up messes like this one in queens and figure out just what caused this beyond the strong winds that came throu re, an answer to the question was this really a tornado? >> wow. anne, thank you. >>> a lot of people are traveling this weekend. al, what can you tel us? >> well, we'll be looking at a repeat of what we've been seeing. is is lynchburg, and you can see the heavy rain coming through. well, bad news. we're going to be looking at even more heavy rain today. could be another 1 to 2, maybe 3 inches of rain in this area. in fact, there is now a flash flood warningn effect for that area right now. 36 millioneople are

. >> they were initially i think fiserv but then metlife stadium it becomes synonymous with everythingoes onthere whether it's concerts or hoops >> it's a way to elevate both brands it's the brand on the building it'll be the brand across sports >> let's talk about gambling, the legalized gambling >> we can talk about it. >> adam silver even said this is important. >> and really is on the forefront of adjusting on a league level which will start a road map kind of a data sharing deal. us in the league, it's following the league's example and really seeing what this road map is you know, today we all have a lot of local teams with casino partnerships, some online partnerships how this evolves is going to be interesting over the next year >> we've had west edens on and he says this is going to lift the valuation. >> i think it's a big revenue opportunity, no question, for the league and the franchises. you've got to think, there are tens of billions of dollars in sports books bets. >> is it direct or just additional interest and more intense interest in both the league and the actual gam