MARIA-00
Under Pressure Over New Details of Her E-mails; Devastating Floods Hit
Parts of Texas; Space X Offering a New Cargo Delivery Service to Mars; U.S.
State Department Issues a Travel Alert for Europe, Warns Americans of
Terrorists; Stock Markets Examined; TD Banks Announces Partnership with
Apple Pay; Trump Attacks Media; Nike and Under Armour Stocks Down - Part 2>
Cheryl Casone, Jeff Flock, Stuart Varney >
Donald Trump; Vets; Hillary Clinton; UnitedHealthcare; Obamacare; Ford F-
350; Brazos River; Space X; Netflix Infidelity; State Department;
Terrorism; Bernie Sanders; Oil >
He's with the President of Ford, Joe Hinrichs. Jeff, over to you.
JEFF FLOCK, FOX BUSINESS: We had to come up something special for you, Maria, on your one-year anniversary, so, Joe bought you a truck.
BARTIROMO: I like it.
FLOCK: . Super Duty F-350. It's a beauty. Actually, this is where they trot these Super Duty trucks out to the dealers. Maybe we could take a look around here. There's stations where dealers coming around to get introduced to what arguably could be Ford's most important truck. There's a course out too, where everybody is able to drive the truck. Joe, hugely important, you have huge market share in things like oil and gas, in forestry, in electric power. The lion's share of market in these industries, how important is this truck?
JOE HINRICHS, FORD AMERICAS PRESIDENDT: Well, it is incredibly important because the Super Duty sets the really definition of what it means to be built Ford tough for F-series trucks. And when we own work it really helps define how you use these as tools. And to have a new Super Duty is really special for our dealers and for our customers.
FLOCK: The other thing special about it, walk me over here because I want to show our viewers. This is an aluminum one, too. Just like the F-150 was an aluminum.
HINRICHS: That's right. That's right.
FLOCK: So, when I go and pick up the bed of a Super Duty, I can do that with one hand. That's the Super Duty.
HINRICHS: You've been working out.
FLOCK: Yeah. There you go. Now, I'm going to go over to one of the competitors. Who it is, and try to pick that up with one hand, I might be better off with two.
BARTIROMO: wow.
FLOCK: That's what you call a heavy Chevy right there. Now people are going to take to the aluminum for a tougher, heavier truck like they did to the 150.
HINRICHS: Well, it has been a great success. I mean, they are, because this is more corrosion resistant, it doesn't rust. It's lighter so you get better fuel efficiency. And you can turn that -- that weight into be able to haul more and tow more, which for this truck customers, Super Duty, towing and hauling is everything.
FLOCK: Also everything right now is gas prices. And I want to sneak past you here because I want also go over and show the aluminum on this one. This is what aluminum looks like. Gas prices on the rise. Obviously, that's been a big factor in allowing truck sales to just balloon. And, I know, sales are coming out here in about what, 45 minutes?
HINRICHS: That's right.
FLOCK: Want to give us a hint.
HINRICHS: Well, we have another good F-series month. Truck sales this year are up for us, 7 percent year-to-date, 9 percent in May. So, even though we are seeing some oil exploration decrease in the U.S., we're seeing housing and construction pick up for some of that, so really strong start for the year.
FLOCK: Donald Trump says he's going to restore our oil, and gas, and coal. You've had discussions with Mr. Trump over time here, talking about tariffs on -- if you move operations to Mexico, what would you like to say to him right now?
HINRICHS: Well, you know, we're proud of the fact that we're American manufacturing company. We actually produce more vehicles in the U.S. than anybody else. We employ more manufacturing workers than anyone else. And these trucks, they're built Ford tough, and they're American. So, you know, we invest around the world but we are based here and we have our largest presence here.
FLOCK: Maria, Donald Trump, yesterday, I think switched from attacking Ford to attacking reporters, so, maybe, giving Ford a break.
BARTIROMO: It's true. It's true. I guess, you know, what I would like to know, Mr. Hinrichs, is really -- do you see an immediate impact when oil prices go down to the sales of the pickup? I mean, obviously, you know, for a little while with oil having gotten so expensive years ago, it did impact the big truck market. So do you watch oil and did you see immediate situation, and how would you characterize sales right now?
HINRICHS: Yeah, Maria, we watch it very carefully. You may go back to '08, the spring of '08, you know, truck sales collapsed and car sales took off. Right now with gas prices where they are, it's very supportive of what is going on in the industry, which is trucks and SUV's are hot, and you're going to see that continue, I think for quite some time. We do see a drop-off in Texas, where some of the exploration and the work with rigs is decline a little bit. But generally speaking, truck sales are still strong because the economy is moving forward. Construction and housing are picking up which contributes a lot to sales.
BARTIROMO: And, yeah, we're waiting on those numbers, Jeff. But we know that he just told us, Joe told us, pickup sales were up 9 percent in April.
FLOCK: And this in May, you got two fewer selling days.
HINRICHS: That's right.
FLOCK: So, overall sales maybe a little sketchy.
HINRICHS: Yeah. When you look at May this year compared to last year, its four-weekends versus five. Weekends matters a lot for sales. So you have to see how that plays out in the industry, two fewer selling days on the reporting, but also one less weekend. So, it should be a little bit of an effect, but over time we're still seeing -- so far year-to-date, including May, we think the industry is still up over record sales last year. So, it's on a pace to be even up over last year.
FLOCK: Maybe, I'll leave you with what's important, what you do for the company is, as to say, Q1 profit for Ford, 3.8 billion, I believe, of that 3.1 billion was you, right?
HINRICHS: No, it was North America. I'm just one person, but it was great team effort, a record profit, all-time for North America. And currently we're working to keep that going.
DAGEN MCDOWELL, FOX BUSINESS NETWORK: Hey, Jeff Flock, I asked Jeff this, how much does a fully tricked out, duly crew cab F-350 cost?
FLOCK: One we're getting for Maria.
MCDOWELL: Make me.
FLOCK: We'll talk off-camera.
MCDOWELL: I want to know.
BARTIROMO: How much it's going to take us back? We want to know how much it is.
HINRICHS: Oh.
FLOCK: Actual price.
HINRICHS: This duly with a power stroke diesel with tricked out platinum like this one can get in the upper 70,000 range.
BARTIROMO: Wow.
MCDOWELL: That's why they're making money.
BARTIROMO: Now we know why they're doing so well.
HINRICHS: This is high-end truck.
BARTIROMO: But, by the way, can you tell us anything -- can you tell us anything, Jeff, about that recall of the 150 a couple weeks ago?
FLOCK: What about that, Joe, 150 recall?
HINRICHS: Yeah, you know, it was last week we announced it. And really, it's going back to look at some vehicles that are built several years ago, and, you know, we'll take care of our customers. But really doesn't affect the truck that we're making today.
FLOCK: Yeah, wasn't that big of a number was it?
HINRICHS: No.
FLOCK: In terms of number?
HINRICHS: No, it was specific engine line.
FLOCK: Got you, got it, OK. We're all good. And, you know, on high note, any rate, there you go.
HINRICHS: This is a high note. This is a beautiful high note.
FLOCK: That's the high note right there. That's the platinum. That's the Maria version.
BARTIROMO: Well it's absolutely gorgeous. Thank you so much. Jeff Flock, Joe Hinrichs, thank you. Congrats to you Joe Hinrichs and Ford. We'll be waiting on the industry numbers coming out soon. Jeff, thank you. Would you buy a new one, Dagen? Your Ford family.
MCDOWELL: Yeah. And now that I'm back out.
BARTIROMO: The F-350?
MCDOWELL: Yeah. Now that I'm back on the country, I've got plenty of room to park it. I can park it in Manhattan.
MIKE MURPHY, ROSECLIFF CAPITAL CEO: These trucks are luxury trucks. And I think that's where the margin is, right? I mean, they're for work, but there's also, you know, there's leather, there's chrome, platinum.
BARTIROMO: Yeah. Which is what she wants the duly tricked up.
MCDOWELL: That's a fancy truck. It's a nice truck. No, it's a nice truck -- that is a beefy, meaty pickup truck.
BARTIROMO: Oh, yeah. All right, coming up, many kids look up to their parent and now they can live like them for a hefty price. We're taking a look at the big bucks for a mini-me homes. Then, Michael Kors stock set to surge at the open, as the company posting its strongest revenue growth in a year. We're going inside the numbers. Michael Kors doing well in a weak retail environment. Back in a moment.
(COURT REPORT)
KRIS BUDDEN, TENNIS CHANNEL: Welcome back to another French open court report, for Fox Business. I'm Kris Budden. No surprises with the weather on another rainy day at Roland Garros. But in between the showers there were two big upsets in the women's draw. Number two-seed, Agnieszka Radwanska is out after Tsvetana Pironkova fought back from a set down to reach the quarter final in Paris, for the first time on her career. Pironkova closing out one of her biggest win at a major, 6-3 in the third. Sam Stosur awaits in the elite eight, after sending 6th seed, Simona Halep, packing in difficult conditions on the clay. The Aussie reaching the quarters at a major for the first time since she won the U.S. open. And don't forget live coverage from Paris here daily at 5:00 AM eastern. I'm Kris Budden.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. We're 45 minutes away from the opening bell. We're expecting a lower opening for the broader averages. Take a look at some stocks on the move this morning, shares of Michael Kors bucking in otherwise weak trend, rallying in the pre-market. It is now up better than 7 percent after posting strongest sales growth in one year on rising demand for its handbags and accessories in the Americas. The company also announced a one billion dollars stock buyback plan. Stock is looking strong. Apple will be one to watch this morning. TD Bank announcing that it is now an official partner of the company's Apple Pay service. Apple Pay is available on the iPhone 6s and newer, along with a handful of iPads, and, of course, the Apple watch as well.
Nike shares down in the premarket, its drag on the Dow. Morgan Stanley downgraded the stock to an equal weight from an overweight. Morgan also cutting its price chart of Nike, the Dow component on track to shave about 11 points of to the Dow when trading begins. Nike, Under Armour, also under pressure this morning.
On to the campaign trail we go, Donald Trump launching all-out attack on media yesterday, during a news conference that he called. He's calling reporters dishonest. He called one sleazy. Stuart Varney says, despite his contentious clash with the press the presumptive Republican nominee still has the upper hand. Stu joins us right now with more. Good morning to you, Stuart.
STUART VARNEY, VARNEY & CO. HOST: Maria, flat out, I think he won his battle with the media, in the perception of ordinary people, every day Americans.
BARTIROMO: Yeah.
Stuart: . looking at his performance. I think they'll say that he won. I'm sure the elites are mortified. I mean, their candidates, basically, their people, the media, they got trashed by Donald Trump yesterday. And you know what, Maria? He doubled down on Hannity last night. He picked on the example of Katie Couric, selectively and deceptively, editing a piece on gun control to make ordinary people look stupid. He pounced on that, and said, they're dishonest. Take a tape recorder with you because these people make things up. Now, I maintain that he is winning this war against the media because he is very entertaining performer. And he's saying exactly what ordinary people actually want to say. I think this guy's winning the media battle at the moment.
BARTIROMO: Is there a risk here though, Stuart? I mean, if and when, let's say he wins and becomes president, you know, what happens to the media then? Should we expect that, you know, the press is not going to have access? Is not going to have sort of a level playing field if in fact he hates the press so much?
Stuart: No. I don't think so. I think the media will still have the same level of access that they have now with presidential press conferences. I simply think that those press conferences will be much more entertaining, far more questions answered. When you compare what Donald Trump did yesterday to about 11:00 Eastern Time with that news conference, and what President Obama does when he hold a news conference.
BARTIROMO: Oh, that's true.
Stuart: I mean, the president will be asked a question, and spend at least ten minutes answering it. And you don't know exactly what the president has said when he's finished with his answer, direct contrast with Donald Trump, who engages both the media and the audience, and that's very important.
BARTIROMO: Yeah.
Stuart: People watch what he says.
BARTIROMO: Yeah.
MCDOWELL: But Stuart, as a journalist, if you say you're going to give $6 million to veteran's, and you ask questions about when are you giving money, where has it gone, legitimate questions.
Stuart: They are, yes.
MCDOWELL: And my only -- and I'm curious about your reaction, as much as he hates the media, then why does he care?
Stuart: Because he uses it to his advantage. He's very popular to attack the media in America, especially the liberal media, when you're an outsider coming to the inside and grabbing the candidacy. Look, I think that Donald Trump has -- he's a brilliant politician. He knows what works, and he's very entertaining. I mean, we put him on live yesterday at 11:00 in the morning at end of our show. We put him on live. We're all sitting around the table watching his performance. We're all in the media. And he is bashing the media, and yet you couldn't take your eyes off this guy.
MCDOWELL: But don't you think it's real? Do you think that he gets mad and calls somebody a sleaze, he's legitimately angry, or upset, or whatever adjective you want to use?
Stuart: Yeah, I think he is.
BARTIROMO: Yeah, definitely.
Stuart: And he's using his own anger turning it to his advantage. That, look, what you're looking at now is his press conference yesterday, he won, in my opinion, he won, hands down, no matter what the establish media says about it this morning.
BARTIROMO: Wow. All right, Stuart, see you in about 15 minutes. Thanks so much.
Stuart: Sure.
BARTIROMO: A reminder, Varney & Co., starts every day at 9:00 AM Eastern, right after, Mornings With Maria. Stu, we will see you in less than 15 minutes. Coming up, kids living a life of luxury, parents building children's playhouses for tens of thousands of dollars that mimic their full-size homes, we've got the details straight ahead. Back in a moment.
(COMMERCIAL BREAK)
BARTIROMO: Luxury housing market is expanding. Parent are dishing out up to $75,000, so that their kid can play in homes just like theirs. These are toy homes. These luxury children's playhouses are equipped with kid-sized kitchens, reading libraries, even media rooms. Michelle Pollak is the interior designer at La Petite Maison, the creator of these high-end masterpieces. She joins us right now. Good to see you. Thanks so much for joining us, Michelle.
MICHELLE POLLAK, LE PETITE MAISON INTERIOR DESIGNER: Good morning, Maria, how are you?
BARTIROMO: So, we were looking at some of the pictures. These are so beautiful. I mean, this is not like the playhouses that I grew up in certainly. What kind of demand are you seeing for these?
POLLAK: You know, our demand has stayed very steady ever since we began this business. We usually do anywhere from, I'd say 6 to 10 a year, very, very small niche because they obviously take a lot of time to produce. They're all hand-built by Alan himself and designed. So even if the demand were more than 10 a year, we just couldn't fulfill it. We actually, intentionally keep it small demand.
BARTIROMO: Well, we've got an expert on set because Mike Murphy has five kids already with a sixth on the way, Mike?
POLLAK: Congratulations.
MURPHY: Thank you. I don't know that I could afford these.
BARTIROMO: All the kids could fit in that house.
MCDOWELL: They would think you're insane, but we love you anyway.
MURPHY: That could be. But I want to ask, do you see a certain part of the country where you get the most demand from? Is it, you know, geographically located in the Northeast, or do you guys deliver these throughout the country?
POLLAK: We actually deliver throughout the country. We thought we would see the most demand in certain geographic regions of course, and as it pans out it tends to be pretty much hit or miss. Definitely concentrated on the West and the East Coast, New York, and I think California primary. Texas is big. And then we get these surprise requests from literally the middle of nowhere. So, it's a constant surprise.
MURPHY: And I think what you're tapping into is the fact that in this day and age, parents will do anything for their kids, and they'll stop at no length. So for some people this is, something their kids wants and so they have to have it, so they come to you.
POLLAK: I think you said it even more eloquently than I could, thank you.
MCDOWELL: Here's a question, what do people do with these homes, these mini homes after the kids grow up? Like, what can you use them for? They're just decorative.
POLLAK: Actually, we, and this surprised us as well, when we first started doing this playhouse business, we thought, well, the kids will outgrow them, people will leave them. And as it turns out, most of our clients do one of three things. They'll either call us, they'll ask us to figure out how to help them move the playhouse with them to their new home because of course our clients move. And many times they will actually take the playhouse with them which is a very, very involved endeavor, however they do it. The second thing is, they'll actually redesign and remodel the playhouse so that, as the child gets older it turns into a study room, a reading nook, an art studio. And then lastly, as the children leave home, we find that the parents actually utilize the playhouse, and then many times it is turned into a retreat, officially an art studio, again, a reading nook. People just don't want to part with them, which surprised us as well. We love that, but it did surprise us.
MURPHY: And, Michelle, you guys also make doghouses, correct? Are you seeing more growth there or in the playhouses for the kids.
BARTIROMO: Now look at that doghouse. That is cool.
POLLAK: Thank you.
BARTIROMO: I like that.
POLLAK: The playhouse -- the playhouses are definitely our main business and that's where our hearts are. The doghouses were more of a lark, kind of do a matching doghouse with a matching playhouse, that kind of a thing. But the playhouses are the bread and butter of our business.
BARTIROMO: So, I was reading that there was one request, that somebody wanted running water in the playhouse and it was designed that way. What's the craziest request or most expensive request you've gotten for these playhouses?
POLLAK: You know, it's odd because each request we get turns out to be kind of crazier than the previous one. And then when you think about it, and parse it down, it doesn't really seem that crazy. When we first started doing this we got requests, of course, for running water, play kitchens, media rooms. And we thought that was over the top. And then as time went on, we've got more requests for things such as hurricane-proof houses, houses built on earthquake-proof foundations, which of course we have to contract out.
BARTIROMO: Wow.
POLLAK: But it gets a little bit more involved each time.
BARTIROMO: That's true, it sounds it. Michelle, good to have you on the program, thanks so much. We'll be watching the developments.
POLLAK: Thank you.
BARTIROMO: Michelle Pollak, there.
POLLAK: Thank you.
BARTIROMO: Final thoughts from our all-star panel, next, after this break. Before we go, today's the one-year anniversary of, Mornings With Maria, congratulations to everybody.
(APPLAUSE)
BARTIROMO: We're still on. It's been a great year, back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. Final thoughts from our great panel, Mike Murphy, final thoughts.
MURPHY: First thought, congratulations to you, Maria.
BARTIROMO: Time to eat cake.
MURPHY: Great for the first year. But I'm looking at the markets right now. I think there's a lot of upside in the U.S. economy, but not necessarily in the public markets. I think there's more growth in the private sector, startups. I'd be careful chasing this market run that we've had for the last four months.
BARTIROMO: Yeah. Look, we've worsen. Now, we're looking at a decline of about 70 points at the opening of trading. Morgan.
MORGAN ORTAGUS, MAVERIC PAC NATIONAL CO-CHAIR: Well, congratulations again on your birthday, almost a year ago here on the show, I think it was my first time ever on television, so, thank you.
BARTIROMO: Oh, my God, and we didn't know that was your first time.
ORTAGUS: My first time ever.
(CROSSTALK)
ORTAGUS: I'm watching the Democrat, New York attorney general, who's going after Trump University, went after Trump aggressively yesterday, I think he met his match in Donald Trump though. I think these two are going to continue to butt heads, and that's the story, the next round of stories, I think, for Trump in the campaign cycle.
BARTIROMO: Cheryl Casone, what a year it's been.
CHERYL CASONE, FOX BUSINESS NETWORK: I think that Donald Trump is going to say something inflammatory today.
(LAUGHTER)
BARTIROMO: Final thoughts, Dagen.
MCDOWELL: I can't wait to hear what the president has to say, speaking in Indiana, this afternoon, as he tries to spin his economy into something that feels a whole lot better for people who are not feeling it. And also, finally, kind of gets on the campaign trail, if you will, for Hillary Clinton, and Drew Brees is on tomorrow. I just saw that, cutie pie, awesome.
BARTIROMO: They're saying that the president's speech is going to be a departure. That he's actually going to get involved in the presidential race. So you can imagine what he's going to say to Donald Trump.
MCDOWELL: How does he step into it or step in it, one or the other.
BARTIROMO: My final thought is thank you so much for our fantastic audience, you drive us every day. You tell us you want to know. And, of course, my phenomenal team right here, Dagen, Cheryl, and all our contributors, Mike Murphy, Morgan Ortagus, thank you so much.
ORTAGUS: Great year, Maria
MURPHY: Great job, Maria.
BARTIROMO: All because of you guys. Varney & Co., begins right now. Stuart, take it away.
END
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(Show: MORNINGS WITH MARIA) (Date: June 1, 2016) (Time: 07:00:00) (Tran: 060102cb.231) (Type: SHOW) (Head: Poll: Hillary Leads Trump; Hillary's Email Scandal; "None of the Above" Voters; French Ship Picks Up Sound of EgyptAir Black Box ) (Sect: News; Domestic)
(Byline: Maria Bartiromo, Dagen McDowell, Blake Berman, Cheryl Casone, Jared Max)
(Guest: Frank Luntz, Michael Murphy, Sam Clovis)
(Spec: Stocks; Politics; Elections; Telecommunications; Economy; Polls; Donald Trump; Security; Hillary Clinton; Aviation; Accidents; EgyptAir; France)
MARIA BARTIROMO, FBN ANCHOR: Meanwhile strikes in France bringing headaches to the country's rail system. It comes as the United States issues a travel warning to Europe.
Detroit Tigers pitcher Francisco Rodriguez says he has Zika and he has a warning for athletes headed to Rio for the Olympics. We will bring it to you.
And then a Bud without the buzz? Details on Budweiser's newest products to hit shelves.
Plus, it is not your typical chicken McNugget -- the story behind McDonald's push into one precious metal.
Markets this morning are lower. In Asia overnight, weakness across the board. Disappointing manufacturing data out of China weighed on sentiments. And then after the markets closed there, Japan's prime minister announced that the government will delay in increase in the sales tax by more than two years.
We're seeing weakness in Europe this morning as well. A reading on manufacturing in the Eurozone coming in below expectations.
And that's carrying on to the U.S. as well. Futures near the lows of the morning. As you can see the Dow Industrials expected to open down about 55 points this morning.
And here with me all morning Fox Business Network's Dagen McDowell, Rosecliff Capital CEO Mike Murphy, and Maverick PAC national co-chair Morgan Ortagus. Great to see everybody.
MIKE MURPHY, ROSECLIFF CAPITAL: Good morning.
DAGEN MCDOWELL, FBN HOST: Happy anniversary or happy birthday.
BARTIROMO: Congratulations.
MCDOWELL: It's flown by, you know why?
BARTIROMO: It's flown by one year.
MCDOWELL: Because every minute is awesome.
BARTIROMO: It's awesome. The show has been so fantastic. Congratulations to everybody behind the scenes and in front o the camera. It's been a great year.
We have a can't-miss lineup once again this morning. Trump national co- chairman Sam Clovis will be with us; WL Ross and Company chairman Wilbur Ross; and the president of Ford America Joe Hendricks with us. So don't miss us coming up in the program.
Turning to the campaign trail right now a brand new Quinnipiac University poll out shows Hillary Clinton leads Donald Trump by four points nationally. More American voters also say that Clinton is better prepared to be president than Trump and that she is more intelligent and has higher moral standards.
But Trump has an upper hand when it comes to leadership. More voters think he's more honest and trustworthy than Clinton.
We're going to bring in Trump campaign national co-chairman and chief policy adviser Sam Clovis. Sam -- thanks so much for joining us.
SAM CLOVIS, TRUMP CAMPAIGN NATIONAL CO-CHAIRMAN: Well, thanks for having me. Hi, Maria. And I'm honored to be on on your anniversary. It's fantastic and you do such a great job.
BARTIROMO: Sam -- we appreciate that so much. It's been a great year actually. Ratings' up big.
Let me ask you about this poll. Does it concern you that more Americans are looking at Hillary Clinton and saying, look, put leadership aside, she could actually run the country and she's actually leading him right now in this poll?
