Transcripts For FBC FBN AM 20170602

Lauren last out report before the Federal Reserve meeting out this morning in three and a half hours from now. We will tell you what to expect. Cheryl as long as theres no surprises in the may jobs report. Dow could break today another alltime high record. Dow, s p and nasdaq all closed in record territory yesterday, taking a look at u. S. Stock market futures right now, they are positive, the may jobs report at 8 30 a. M. Eastern time. Lauren in sports, the series that everybody was waiting for, the warriors dominating the calves and in baseball another bad day for the mets as the brewers bad boy interferes with one of their fielders, we will have one of the highlights for you. Cheryl rough week for baseball. Lauren indeed. Cheryl 5 01 in new york. Welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Lauren asking the u. S. Supreme court to revive travel ban. The Justice Department issuing a statement saying that it is quote that it is well within Lawful Authority to keep safe and protect our communities from terrorism. Cheryl the move comes after the fourth u. S. Circuit court of appeals blocking order last week. The president order bars entry from people from sixmuslim majority nations and those include iran, libya, somalia, sudan and yemen for 90 days while the u. S. Implements stricter visa screening. This is a president who is fighting for the american people, fighting for american jobs and i think the results whether it be in the jobs numbers, whether it be in the confidence that you see in businesses and even in stock market all speak for itself. America is back because they have a president in donald trump. Lauren World Leaders expressing their disappointment. President trump is drawing a chorus of criticism from World Leaders following decision to pull the United States from the climate accord. Vow leaders vowed to stick with 2015 accord without the u. S. Amid concerns longterm Political Support and need to replace billions of dollars at pledge in Climate Change finance. Emmanuel macron called Donald Donald decision irreversible. I call you to remain confident. We will succeed because we are fully committed, because where with the believe where we are all, we all share the same responsibility, make our planet great again. Australian Prime Minister malcolm expressed his disappointment. His announcement today from our point of view is disappointing but not at all surprising. It was entirely as expected and as predicted and as promised by him. And in the light of that knowledge, we are committed to our paris commitment, 2030 commitments of omissions. Major corporations tweeted disapproval of President Trumps decision, Tesla Ceo Elon musk said, leaving paris is not good for america or the world and quit one of the councils, bob iger stepped down shortly after musk citing similar reasons for his decision. As a matter of principle and first ever tweet Goldman Sachs ceo lloyd expressed discontent saying the decision by President Trump is setback by the u. S. Leadership position in the world and his speech announcing that the u. S. Would be withdrawing the President Trump expressed action with solidarity. Cheryl the mayor tweeted out. Lauren thank you very much. Cheryl former president ial nominee Hillary Clinton lashing out at President Trump during her appearance at a book industry conference in new york city last night. I am really worried and i worry not just because there are partisan differences but we are we are living in such an abnormal time when we look at the way that this white house is behaving about some of the Biggest Challenges we face, dishonesty and fabrication and whether you call it fake news or lies, pick your choice, it is deeply troubling. Cheryl well, she also said that the president has unlearned a level of hate and vitriol thats incredibly teenagers. President trump encouraged supporters to encourage verbally and physically. Not going quietly. Lauren that she is not. Kathy griffin said to hold a press conference to explain the reasoning behind Controversial Photo and she has lawyered up. Receiving bash lash after photo that resembled President Trump. She apologized for the photo shoot saying she went too far, she was relieved of her duties, fired at cnns new years eve host. Press Conference Today at 9 00 a. M. Interest time. Cheryl itll be interesting. Surveillance video from the Jupiter Police department shows wood struggling take a breathalyzer test. Blow out. Dont suck it. Blow out. Take a breath in. Blow out. Blow out. Good, there you go. Keep going, keep going. Cheryl welshing according to the Police Department results of the test show that woods blew a. 0, a bad reaction to Prescription Medication caused condition on monday morning. Lauren okay. [laughter] lauren jobs friday, everybody, the final jobs report before the feds next meeting. 185,000 jobs added in may, thats down a bit from the 201 is created in april, in april getting boost from health care. Thats expect today hold steady at 4. 4 matching lowest reading since 2001. The fed expected to raise rates at meeting in two weeks time. Please stay with us, Maria Bartiromo jobs in america coverage, full analysis all that starting at 8 00 a. M. Eastern time. Cheryl ahead of the jobs report which could be a market mover, lets take a look at Global Market action overnight. Hang seng in rallying strong and kospi. Lauren ftse in loaned enis up 27 points and cac if paris is up 46, the dax in germany surging 150 points. We are watching watching the banks, Strong Performance and reaching a deal on restructuring. Cheryl still waiting for that election of theresa may conservative party. Fascinating. Also taking a look at u. S. Stock market futures. We hit new records last night for dow, nasdaq. S p up more than 3 quarters, nasdaq up 14 and a half in the premarket. We will see. Lauren are oil prices reacting from President Trump pulling out of climate accord . The thinking is that would make u. S. Drillers drill more and down 2 and a half percent for oil. Gold down 6. Cheryl another good strong week for the market so far, three major u. S. Stock averages closing record numbers yesterday and again today, maybe some new records. We will take it. Lets bring in jeff tai taylor. How do you feel about the rally . Are you feeling good about these numbers . Its incredible. We talked about it a few moments ago, unemployment rate, lowest than 2001. We are expecting good jobs numbers today. Particularly one sect or has caught my eye. I think you will see a lot of growth in infrastructure sect or and nice play to have there before President Trump unveils his there dollar plan shortly. Lauren investors might be feeling a little bit, maybe the best word is numb at this point, the numbers keep going up but the data seems to be cooling off in corporate earnings, i ask you, whats the next catalyst for the market . Thats a great question. Every quarter the numbers keep going up. I think the next catalyst will come back, infrastructure and tech, infrastructure, theres a lot of spend to be had there over the next few years, black stone who launched a billion dollar infrastructure. Apple and google lead the way making our lives easier. Cheryl youre talking about infrastructure, i want to go back to that. A couple of things with the breakdown of job creation, manufacturing, thats one of the sectors itll be interesting to watch if we see the numbers there, wages as well. Is there any particular piece of the jobs report you think its crucial to be looking at when the numbers come out . The one piece of the jobs report that obviously is still not as high i would like to see is the wages. They havent really kind of picked up. You can still argue and people are underemployed. I think thats something a key thing you want to keep your eye on and like you talked about, you talked about manufacturing having growth and other areas like construction is going to be booming here with millennials looking like theyre finally going to be coming into the market here. Jeff, thank you. Thank you. Lauren the series that everybody has been waiting, game one of nba finals, warriors dominating the cavs. We will have all the highlights n. The markets final day of trading week. Good day for stocks. Major averages up across the board. Dow futures up 58. Youre watching fbn am, first look at morning markets and breaking news. Cheryl s can 5 15 right here in new york. Lets get you caught up on whats happening now. The Trump Administration asking the Supreme Court to let the revised ban take effect. Yesterday they filed two emergency applications with the court seek to go block two Lower Court Rulings against the President Trumps order. Trump called the deal harmful to u. S. Interests but says hes willing to rejoin on more favorable terms. The european leaders are gentlemen rejecting that the deal could be negotiated. Economists are seeing signs of hire but expectation of 185,000 jobs created, thats down of 21 is thousand created in april. Record closes for all for major indices last night. We will see if it happens today. S p up 3 and three quarters, nasdaq up 14, almost 15. Lauren, this is whats happening now. Lauren this is what i like to see on a friday. More of the reaction from the paris accord joined by nick adams of the foundation for liberty and american greatness, also the author of retaking america, crushing Political Correctness, hi, nick. Good day, lauren. How are you doing . Lauren my question to you is, what does this do to americas standing in the world, will other Nations Trust us, will they want to do business with us . Lauren, i think what happened with President Trump pulling out of the Paris Climate Accord is probably the best thing that happened to america and americans for a very long time because finally the world is being put on notice that america is no longer going to be taken advantage of and america is going to be put first and theres a president thats prepared to stand up every day for american hardworking men and women. President trump said it better, i represent pittsburgh and not paris. Cheryl even here in the United States the white house was split on it, advisers, a lot of ceos, did not want this deal to go through even the president s daughter wasnt there at the announcement. What does that say to people around the world . Well, look, cheryl, i mean, no opinion is ever going to have universal appeal but i really think that the right decision was made whether all of these World Leaders want to kind of sing kumbaya and thing Climate Change is the most important thing. You have to remember that a lot of the World Leaders think that Climate Change is bigger threat than islamic terrorism and so really i dont know that their opinion is worth much. I think what happened yesterday is a great thing for the United States. I think its going to benefit americans. Its going to benefit them financially. Its got a great impact in terms of what people are going to be thinking about the United States, so whether or not everyone loves it or not President Trump is leading from the front. Lauren yeah, speaking of financially theres a story that President Trump cited by the year 2040 pulling out of the agreement adds 7,000 to american households pocketbooks, but speaking of the Business Community, i mean, you had for the First Time Ever the ceo of Goldman Sachs tweeting saying, this decision is a setback for the environment and for u. S. Leadership. What do you say to the Business Leaders speaking out . Well, i couldnt disagree with that more and unfortunately many elements of the Business Community are becoming affected with this Political Correctness and this kind of orthodox that you have to believe that the polar bears are sweating and the world is going under and its unfortunate to see Business Leaders join in on that. I just couldnt disagree more. I respect their opinion but theyre not right. Lauren all right, thank you. Nick adams, they are not right. Good to see you. Cheryl thanks, nick. Coming up. Another bad day for the mets, first their mascot was fired and then their manager was thrown out of yesterdays game after arguing over the brewers bat boy interfering with one of their fielders trying to catch a popup, we will show you all of it and then, oh, boy, more warm weather on the way. Fox senior meteorologist janice dean will be with weekend forecast. Youre watching fbn am, first look at morning markets and breaking news cheryl time now for sports, game one of the nba finals. The series everybody has been waiting for, warriors against cavaliers, lebron james and steph curry, they hugged it out before the game but kevin durant who stole the show. Durant pulls james on roller skates. Durant scores the game by 38 points. Later james redeems himself with monster dunk. The game is close in the first half but then the warriors went on a tear, third quarter, curry hits the deep three, he finished with 28 points. Warriors win it 11391, that makes durants mom very proud. By the way, rhianna was there. Theres another story. To baseball, the angels Albert Pujols look looking for career win. Still searching for number 600. Baseball rarity. Bounces one to third. 5, 4, 3, triple play. It really doesnt happen very often in baseball. It is the twins first triple play in 11 years. Sixth inning man pujols up again and grounds out, his quest continues for another day, the twins win it 4, 22. Another weird day for the mets. Fourth inning, bases loads, team popup becomes a huge problem when the brewers bat boy bumps into flores and the bat boy is in play. The manager wants an explanation. The bat boy clearly interferes with and col rinse thrown out of the game and bat boy wishes he was anywhere else at the exact moment. Double play but the brewers they still won the game 21. Lauren bizarre incident sabotaging our mets. Okay, lets do weather before you head out of the door. Lets take a look at your friday and weekend forecast. We say good morning to janice dean. Janice i promise some sunshine all day long here in new york city. So 50s for the great lakes, northeast even 48 in maine, warm weather across the south and rockies we have another storm system moving in towards Northern Plains, heavy rain across texas could promote flooding here. Gulf coast could see new weather as well as Sunshine State florida, dryer weather for the northeast and extra storm systems moves in the Northern Plains and upper midwest and threat for showers and thunderstorms along the gulf coast as we head into the weekend as well as florida, 74 here in new york, 102 in phoenix as well as the threat for wild fires over Northern Rockies because we will have warm weekend ahead. Salt lake city as well, happy weekend, ladies, we will see you later on. Cheryl warmer temps look nice, janice, we appreciate that on a friday. Janice youve got it. Cheryl coming up the Trump Administration is asking the supreme recourt to reinstate to revised ban on travel. Kathy griffin set to explain herself following her photo shoot that depicted a beheaded President Trump, what she now says, guess what, bullied by the trump family and she has an attorney. We will be right back. New car replacement™,ad lil youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. The United States will withdraw from the Paris Climate Accord. Cheryl breaking news this morning, President Trump parting ways with the climate agreement and raging some leaders and businesses. Good morning, im cheryl casone. Lauren good morning, everyone, im lauren simonetti. Making a latenight plea to reib state revised executive order. We will see if the highest court weighs in. As long as theres no surprises in the mays job data the dow could break record today. The dow and nasdaq all closing in record territory yesterday. Dow futures up 56 points, nasdaq futures up 15. Cheryl in sports the series everybody has been waiting for. We hope that it gets exciting at some point. The warriors dominating the cavs and in baseball another bad day for the mets as the brewers bat boy interferes with own of the fielders, its a good one. Lauren bizarre one. 5 31 a. M. In new york. Friday june 2nd, happy weekend. Welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Cheryl breaking news is continuing this morning. The Trump Administration has asked u. S. Supreme court to revise travel ban. This happened late last night. It is quote, confident that President Trumps executive order is well within his Lawful Authority to keep the nation safe and protect our communities from terrorism. Lauren move coming after the fourth court of appeals blocking the order last week. The president s order bans people entering from six muslim nations, iran, libya, somalia, syria and yemen while the u. S. Implement stricter u. S. Screenings. This is a president who is fighting for the american people, fighting for american jobs and i think the results whether it be in the jobs numbers and whether it be in the confidence that you see in businesses and even in our stock market all speak for itself. America is back because they have a president in President Donald Trump who is fighting for them. Cheryl World Leaders expressing disappointment. We have tracee carrasco. The reaction was fast and furious tracee. Not good. World leaders vow to stick with the 2015 paris accord without the u. S. Amid concerns about the deals longterm Political Support and the need to replace billions of dollars at washington pledged in Climate Change finance. Francis president Emmanuel Macron called trumps decision irreversible but pledged to move forward. I call on you to remain confident. We will succeed because we are fully committed, because we are of belief where we are all we all share the same responsibility, make our planet great again. Australian Prime Minister expressed disappointment as well. His announcement today from our point of view is disappointing but not at all surprising. It was entirely as expected and as predicted and as promised by him, so and in the light of that, in the light of that knowledge, we are committed to our paris commitments, 2030 commitments, reduction in omissions. Multiple executives at u. S. Corporations tweeted disapproval of President Trumps division, Tesla Ceo Elon musk said leaving paris is not good for america or the world and quit one of the president s advisory councils. Disney bob iger stepped down shortly after musk cite similar decisions and in first ever tweet Goldman Sachs ceo expressed discontent saying the decision by President Trump was a setback for the u. S. leadership position in the world. In his speech announcing that the u. S. Would be withdrawing framed the action as act of solidarity with voters that helped him win the presidency. I was elected to represent the people of pittsburgh and not paris, lauren. Cheryl hes willing to maybe negotiate again. He is willing to negotiate, but president macron, he said, theres no room for negotiation here. So we will see what happens. Lauren it will take years for us to come out of this deal. Investors reaction, they seem to love it. All three major averages like nothing happened. Lauren tracee, thank you. People killed in the philippines. The man shot tv screens, creating absolute chaos in crowded casino. He stuffed a backpack with casino chips and fled the scene. Victims died died from suffocation and the gunman was later found dead of an apparent suicide. Cheryl terrifying moments aboard United Airlines flight yesterday when a bird striked force plane to tush around, the flight from chicago to miami had to shut off one to have planes engines when they did hit a bird the engine caught fire. This is video from one to have passengers, this is twitter video from tim arnold aboard the plane. A lot of people were terrified when it happened. We would say that the passengers, ok, got onto a another aircraft so they could fix this one. United spokesman said that the pagers will be compensated for inconvenience. Lauren theres been a lot of airline news. Catty griffin to set Conference Today and saying she has lawyered up. She had hired celebrity attorney lisa bloom and claimed the trump family has bullied her. Griffin received major backlash after the photo was published of her holding a bloody mask that resembled President Trump. She went too far, she was relieved of her dew as cnns new years eve host, press conference scheduled for 9 00 a. M. Pacific time. Cheryl more footage coming out of tiger woods dui arrest. Dazed woods trying to take breathalyzer test while in custody. Blow, blow out. Blow out. Dont suck it, blow out. Okay, take a breath in. Now blow out. Blow out. Cheryl woods did blow a. 0. The progolfer said that a bad reaction to Prescription Medication caused his condition on monday morning. Lauren well, hes not a liar. Last jobs report before the feds next meeting out this morning. Economists expects 185,000 new jobs created in may, down from 2011 down in april. In april hiring got a big boost from the health care field. As for unemployment rates thats expected to hold steady matching the lowest reading since back in 2001. The fed expected to raise rates at its meeting june 14th, stay with us for Maria Bartiromo jobs in america series full analysis of the jobs numbers, all that starts a half an hour before the report comes out 8 00 a. M. Eastern time. Caulk about cheryl talk about allstar panel. You have asian markets closing higher. Nikkei in japan had a nice gain there. Take a look at korea kospi. Lauren in europe stocks also trading to the upside, the ftse in london is up a quarter of 1 , the cac in paris up three quarters of 1 and the dax in germany one and a quarter percent. Cheryl u. S. Stock market futures looking like this right now. The dow and s p pointing higher again. Are we going to get a record close. S p, nasdaq, we will see. Lauren reaction of donald trump pulling out in Paris Climate Accord, thats down a buck 50 today. Gold down six bucks. Cheryl three major stock averages closing record territory last night. Any gains today will be new record numbers. Lets bring in jeff taylor, cofounding direct or of digital. Good morning. Cheryl exclusively you Steve Mnuchin spoke and i want you to listen what he had to say and the reaction on the other side. Ive always said, i dont speculate on what the numbers are going to be, i dont speculate on where the market is going to be in the shortterm. You can see the market is reflecting confidence in the Trump Administration economic policies, this is about regulatory reform, tax reform, renegotiating trade deals and we are committed to creating 3 sustainable economic growth. Cheryl he doubled down on 3 , can we get there . You know right now my money is more on 2 , but obviously the administration is going for 3 . A lot of things he talked about, again, things that are to see if they can get them in place. Whats theres no denying the feeling in the marketplace specially around the jobs report right now. One number within the jobs report last night we had 37,000 jobs in construction which is a nice gain specifically when it looks like the millennials are potentially coming into the marketplace and building new homes. Ic there could be a strong sect or. Lauren you also said that you Like Technology of stocks, is this a warning sign for the market stock, jeff, the nasdaq was at a record high and we didnt see participation of popular momentum, google, alphabet, they didnt participate yesterday, is that a warning sign . Great point. Some of the stocks are leaders. They get so high. People are starting to look for value play, things that are underperforming right now. When you stocks that continue to hit record high after record high you have to as valued investor start to look at other areas of growth maybe havent realized the upside. I dont know the warning side but probably smart not just buying popular names. Cheryl youre right. Good advice. Jeff, thank you. Thank you. Lauren coming up we will discuss President Trumps latenight plea on restricted travel from several middle Eastern Countries and guess what, everybody, its National Doughnut day. [applause] lauren we will tell you how americas favorite cookie is getting in on the doughnut fun. Youre watching fbn am, first look at morning markets and someone get the doughnuts. Cheryl yummy lauren good morning and tgif. 5 45 in new york. The Trump Administration asking Supreme Court to let the revised travel ban take effect. Late yesterday the administration filed two emergency applications with the court seek to go block Court Rulings against President Trumps executive order. World leaders are criticizing President Trumps decision to pull out of the Paris Climate Accord. Trump called the deal harmful to u. S. Interest but says hes willing to rejoin it on more favorable terms. But european leaders reject his suggestion, that the deal could be renegotiated. In a few hours from now we will get jobs in america with 185,000 jobs being created down from 211,000 in april. We are in record territory. Dow futures are surging 58 points, s p up 4, nasdaq tacking on 16. Cheryl, thats whats happening now. Cheryl loving the numbers in the premarket. Lets keep it up. For more on the travel ban we have been telling you all morning, lets bring in nick adams of the foundation for liberty and american greatness, hes also the author of retaking america crushing Political Correctness. Nick, youve been a face fascinating on what americans do right and sometimes do wrong. Whats the reaction around the world specially in australia, i know the Prime Minister there did not like the decision by the u. S. Well, look, cheryl, fortunately hes not a Prime Minister anymore. Im an american these days. Cheryl are you really, congratulations. Thank you very much. So look, i really dont take much notice of the australian Prime Minister because he tends to be more in the president barack obama kind of mold when it comes to World Leadership. I dont know that he has much to say. I think its great that the states pennsylvania and those kind of places where Everyday Americans are finally being put first. So i really dont think that the President Trump should be at all concerned with people around are saying, this has nothing to do with other people. This is about america and americans. Lauren hes not concerned at all. At least he doesnt seem. You can make the argument that pulling out might even save us money. You look at electricity costs, residential ones in the u. S. , they are considerably cheaper than in europe, countries like germany. When we pulled out of the treaty years back we also saw progress in cutting our emissions. Do you expect the same to happen this time . Lauren, i really do. I think we are going to see very positive effects emanate from the decision, even those who are currently throwing up hands in the air and are all exacerbated of President Trumps lack of compliance with global orthodoxy, longterm they are not going to have a leg to stand on because americans are going to be wealthier, confident and life is going to be better. Cheryl we will see. Do i want to pivot to something that was breaking news overnight besides paris accord. This travel ban, they want to take to the Supreme Court, the Trump Administration does, so far the courts are continue today continued to reject, do you think we will see anything different from our court in travel ban . I think so, cheryl. Every country has got the right to determine who comes into their country and the circumstances under which they come. I think its absolutely disgraceful that this executive order is being put through the ringer, the way that it is, this is a time to put American Safety first, this is the time to put American Families first, thats what this travel order tries to do, its going to be successful at the end of the day. Cheryl nick adams, a new american citizen, by the way, good to have you. Thanks so much, cheryl. Lauren have a good weekend. Coming up crazy weekend for the mets, fist mascot was fired and then they have a runin with the a bat boy, we will show you what happens after that. Checking in on the markets, records expected today, the jobs report could change things, however, due out in about three hours time, in the meantime dow up just about 60 points this morning. Nasdaq futures up 60. Youre watching fbn am. At bps cooper river plant, employees take safety personally down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. Because safety is never being satisfied. And always working to be better. Cheryl if you have a sweet today, this is your day, folks, not only is it National Doughnut day but oreo is out with a cookie, the jelly doughnut was the second place finisher. The golden oreo cookie has raspberry center and came to stores in walmart over the weekend, limbed edition, so get your sugar rush on if you can and then, lauren, doughnut day, we are excited, right . Lauren beyond. [laughter] cheryl yeah, okay, National Doughnut day, dunkin doughnuts, yes, people, free doughnuts. Lauren in some cases you dont even have to buy a drink. Cheryl its jobs friday. Lauren morning. Maria thats what we are talking about. Happy friday, thanks for being with us, im Maria Bartiromo, it is friday june 2nd, jobs day, top stories right now 6 00 a. M. On the east coast. The United States is out of the Paris Climate Accord. President trump announcing his decision at the white house yesterday saying that any deal that punishes the u. S. Will not happen on his watch. Not only does this deal subject our citizens to harsh economic restrictions, it fails to live up to our environmental ideas as someone who cares deeply about the environment, which i do, i cannot in good conscious support a deal that punishes the United States. Maria President Trumps decision sending shock awes across the world. World leaders including Angela Merkel and canada Justin Trudeau and the Business World also reacting, Tesla Ceo Elon musk and disney ceo bob