Jail time in a chinese jail. They are accused of shoplifting from a Louis Vuitton store. And the cofounders of the Fashion Company lularoe respond to accusations their business is a pyramid scheme. But we begin with a look at todays eye opener, your world in 90 seconds. I say to the north, do not underestimate us. And do not try us. The president delivers a stern warning to north korea. Beijing, the third and possibly the most important stop on the u. S. President s visit to asia. Why would china feel an obligation to help north korea . Couple of important governors races in big Eastern States go to the democrats. Big wins in virginia and new jersey. This is a massive crime scene. In texas, investigators are digging up more chilling details about the man behind the deadly shooting rampage. Breaking news out of phoenix, the sky harbor airport. Reports of a terminal shutdown and police activity. It is a tremendous person that is going to be missed. Roy halladay was killed in a plane cras
Im mike santoli. Good to take over the show for you. This is a first for us. Absolutely. Weve never been on anchor desk together. Im enjoying it already. A lot going on over the weekend. We have a lot to talk about. We sure do. Lets get a quick check on the future the u. S. Markets you see not a lot of movement in the s p 500 indicated to open down just slightly, less than 2 points the u. S. Markets did have the first down week out of nine last week though not by much. Weve recouped most of it. You see the nasdaq slightly in the green. We will have more on these markets in just a moment. First, some big breaking news overnight. Theyre set to announce a major restructuring today. Ge will focus on three core units, aviation, power and health care while looking to exit the rest of its operations. One source tells the journal ge also plans to shed its majority stake in oil and gas operator baker hughes ge Ceo John Flannery is going to announce plans with investors. Hell sit down with cnbc
Been well ask someone who has been tracking the president s every move also coming up rescuers race to find survivors after a powerful earthquake strikes the border area between iran and iraq more than four hundred people have been killed thousands more injured and news about Carbon Emissions clouds the optimism at the u. N. Climate talks in bonn germany will ask the governor of california how he plans to de carbonized the u. S. And the world now that the u. S. Is quitting the paris climate a cool. Also coming up at the night of terror that changed france it has been two years since the attack on the by the klan that concert venue in paris ninety people died that night tonight well meet a survivor of the shooting. I bring coffee its good to have you with us tonight u. S. President donald trump is wrapping up his marathon twelve day tour of asia trump is. In the philippines on the final leg of his trip for two days of regional summits on monday he was warmly received by philippine presi
Has long managed to turn a profit from seemingly incompatible industries but thats all changed so its going to shrink operations down to three profitable core businesses aviation power and health care practically Everything Else will be sold off to the tune of twenty billion dollars and flannery is also slashing the dividend only the second time its done so since one nine hundred thirty eight the eighth biggest dividend cut in its history will help g. E. Avoid a cash crunch. Its of course a big topic and we want to discuss it with our financial correspondent on wall street so fisherman see sophie hi good to see you youre at the New York Stock Exchange where weve seen these reactions eight percent thats actually a very big loss is it that investors are really not betting on g. E. s future. Yeah well that is quite a strong reaction i mean the company is one hundred twenty five years old has a quite diversified portfolio if not fragmented so focusing and streamlining doesnt sound bad in o
Drink for the taxi firm planned company can japan down 1. 3 of the shanghai composite in china up about half of 1 . Dday for John Flannery as he faces off with frustrated investors. He will lay out his vision for the struggling company paid the big question, will he also cut the dividend. Fbn am starts right now. The tree and 350 in new york trade monday, november 13th. Thank you for joining us. Good morning. Geri geri im gerri willis in for cheryl casone. Lauren breakin is overnight good President Trump on the final leg of his five nation tour. The president of the philippines meeting with roderigo duterte overseeing a bloody drug war in the country. A great relationship, very successful. The asean complex handled beautifully by the president of the philippines and representatives. Lauren the two leaders did not discuss human rights but as you know duterte is a harsh critic of the obama administration. President trump with indian Prime Minister and were rendered melody and is having d