Today by another time. 42. 44 a barrel. Train to Tropical Storm cindy turney deadly. We will have a live report from louisiana during the hour. Drain three who will be the next ceo of over . Charlie gasparino to replace travis kalanick. Train to the new york yankees sending their losing streak. In basketball, big news for the nba draft. We will tell you what teams are making deals. Lauren 5 01 a. M. In new york. Good morning. Im lauren simonetti. Cheryl im cheryl casone. You are watching fbn am, your first look at morning markets and breaking news. And whether in politics. Lauren Senate Republicans will unveil their version of the new Health Care Bill this morning. The measure to rollback the obamacare expansion of medicaid and penalties on people not buying Insurance Coverage and eliminate taxes to help pay for obamacare. Cheryl in cedar rapids, iowa, President Trump seemed optimistic about senate bill. We have a very slim 5248. That means that basically cant lose anybody. I think it
Cheryl the question this morning amazon about to disrupt the world of football. Company putting a price tag for ads appearing on nfl streaming for thursday night. The question is are you going to watch . Lea uber employees are standing for ousted ceo travis to bring him back. Cheryl a big night in basketball as the socalled one and done freshman rule. We will tell you who got the top picks and all the biggest deals that went down. Lea 5 01 a. M. On june 23rd, im Lea Gabrielle for lauren simonetti. Cheryl im cheryl casone, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Lea weve got a lot for you. At least four republican senators come out against Gop Health Care, rand paul, mike lee and ron son jon said they will not vote for the bill in current form. We are open to negotiation but we want to bill to look more like a repeal. We are afraid that when we read the bill that it actually looks like a reiteration or keeping of obamacare. I
Earnings come in slightly above estimates but heres the kicker. Analysts slashing expectations over the last few weeks. Is mr. Dudley delivering for investors . German carmakers set to be closing on a deal that would provide hardware fixes for diesel cars. This could add as much as 5 Million Euros to the cost surrounding the scandal. Willis be enough for politicians and the public . We are not done with car news, are we . Matt no speaking of german carmakers and french, british and american carmakers, General Motors has completed its sale, closed its sale of opel and vauxhall. The french group that controls so General Motors closing the sale of german brand and british. Rand of its cars here very interesting headline coming across tsa, opel vauxhall, operating Free Cash Flow by 2020 and targeting an operating margin of only 2 by 2020, only 6 by 2026. Far asot so bad as european carmakers are concerned. Not luxury carmakers, i in used to the u. S. Margins of 10 , but that is with the gi
Million at the start of this month as the overall effective ads and politics is called into question. Are one hour from the close of trade for the day on this shortened weekend stocks are coming back from their lows of the session from earlier this morning. Lets go to the markets where julie hyman has the latest. Julie you have practiced that. Betty vanna white, here i come. We are indeed coming back from the lows of the session. If you look at the one weak performance of the major averages, we see declined snapping their recent streak, the dow down as it goes back toward unchanged today. Been characterized by this change in direction and characterized by lower volume. Group andlume by a you can see all 10 industry belowithading utilities volume down the most. This week has also seen the slowest trading day of the year. We have been watching the sectors with the financials being the biggest weight on negative analyst commentary and that as weng into see airlines and general and General
Aftermarket session. The stock joining apple in the camp of tech losers this earnings season. Meanwhile, microsoft surging, joining facebook among the tech winners. So who was telling the real story in technology . Where do you put your money as an investor . Steve . I dont think anybodys telling you the real story about technology. I think all the companies you just mentioned, in my opinion, are specific to those four companies. Lets talk about amazon. I thought amazon would rally in the earnings and rally past earnings. I got half of it right. Thats not good enough. Youve basically given up todays entire gains and then some. This was a 2014 amazon release. What does that mean . Go back to 2014, and youll see what im saying. Digs appointing releases, margins not up to snuff. Thats exactly what youve got now. Where do you buy the stock . Well, bottomed out at 300, basically traded up to 700 late last year. 500, i know it sounds ridiculous, but thats 50 correction of the range that i ju