The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Almighty god, we give you you s for giving us thanks for giving us another day. You have plom missed, o god, you are with us wherever we are and whatever we are doing to heal and to help, to give strength and make us whole. We pray that the members of this assembly, especially, and us all, will be receptive to your promises and receive them with confidence and conviction that armed by your spirit they will be able to forge good legislation which promotes justice, equity, and truth. May we be mindful of all that that all are created in your image. Help us to see your spirit and those who are different from us it in age, color, religion, and all other ways, including in politics. And engage each other with good will and respect. May all that is done today be for your greater honor and glory, amen. The speaker the compare compare and announces to the ouse her app
In china. Were being told that active preparations for a meeting between President Trump and president xi xinping are underway from this end but the deal is not around the corner. At least it doesnt seem that way. My interview with a senior chinese official on the red lines what items china is not willing to give ground on. What he thinks will be the big headline to come out of the meeting between the two leaders set next week. That is all coming up. Melissa first we begin with breaking news and fox Business Team coverage. Gerri willis on floor of new york stock exchange, Edward Lawrence at the ever important Federal Reserve. Hillary vaughn on capitol hill. With that introduction heed ward i will start with you. Reporter Federal Reserve, no rate cuts, no rate hikes. They will paws, leave things where they are. They were one vote away from looking at the dot plot to have a rate cut. Chairman powell defending the decision they want to look at longer term data and longer term trend before
Fbn a. M. Starts right now. Now i got to get up in the morning. Got to find me a lover that wont run for cover. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren what a day to check your money. We have a rally right here in the u. S. , all three major averages gaining for the fourth day in a row, closing in on record highs. The dow is up 196 points, s p up 23, nasdaq up 92. Cheryl as tensions in iran continue, were going to get more on that breaking news in a minute. We want to look at oil, oil rose almost 3 , were now at 2. 7 gain, a 55. 21 the last print on oil. Lauren lets take a look at the yield on the 10 year treasury after jay powell and the fed yesterday said theyre not going to cut at that meeting but they might in july. We have the 10 year yield at 2. 01 , down 2 basis points, about an hour ago it was under 2 . Cheryl take a look at asia, the nikkei, hang seng, kospi, all in the green. The u. S. China trade
Suburbs. That Flash Flood Warning continues through 7 30 this evening for new castle county, delaware. Where middletown, even black bird into odessa and townsend weve seen three to 5inches of rain already and heres a look. This is the Flash Flood Watch that will continue through early tomorrow morning because of additional rain thats expected overnight. So as we go hour by hour you can see the rain begins to fade everything moving on shore and lifting north northwesterly and then the second wave comes up from the south. You see those bright reds and oranges right up through philadelphia the i95 corridor threw south jersey. Thats at midnight. So a few rumbles of thunder and drenching downpours right into the Early Morning hours. By 7 00 a. M. , were pretty much dried out late in the afternoon tomorrow may be even a few showers. Rain cooled temperatures with this easterly flow and its going to keep it cool right into tomorrow morning. So when i come back well track more rain for tomorrow
Stories of the families on the immigration order. And 20 minutes of nonstop news continues with local Trump Supporters standing their ground over the president s executive order on immigration. And within the last hour u. S. Senator Chuck Schumer asked for a vote to repeal president s order. The president is defending hiS Immigration ban. Theres nothing nice about searching for terrorist before they can enter our country. Glowing numbers of republican lawmakers expressing concern about mr. Trumps executive order among them marco rubio. Several universities are reacting. The school today issued a statement advising its students from effected countries to not travel out of the u. S. Because they may not get back in. Nbc10 news south jersey cydney long spoke with a 911 survivor who sports his ban. This is not a matter of religion but a matter of safety. Reporter 100 . He says this is a matter of protecting our country and not at all about religion or discrimination. He often jogs by this