Cheryl and the crazy reasons that americans are canceling dinner reservations, plus, who are the best and biggest tippers. It is thursday, september 12th and fbn a. M. Starts right now. When the lights go down in the city. And the sun shines on the bay. I want to be there in my city. Cheryl beautiful shot of the city on this thursday morning welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving. Wwe didsee a pop in the futurese u. S. And china seemed to dial down the trade rhetoric. The s p is up by 4 andahalf and nasdaq is up by 27. The dow is on track to have seven Straight Days of gains. Lauren lets take a look at the ecb decision day, the yield on the 10year treasury down 1 basis point. Cheryl watching oil, opec cut the demand forecast, a fourth weekly supply decline in this country, pressure on oil. Lauren the trump tariff delay boosting stocks across asia. Hong kong closed lower. South ko
S p off by almost five and nasdaq down by 24. You see President Trump calling out china and a little afternoon, word about nancy pelosi announcing an impeachment announcement, then President Trump saying hell release the full transcript. This is just the volatility we saw. Definitely wall street watching washington to see what news comes next weworks cofounder adam neumann is stepping down as ceo. The starrup once valued at 47 billion has shrunk in a matter of weeks he said, quote, i am so proud of this team and our company. Our business has never been stronger in the recent weeks, the scrutiny towards me has become a distraction. I have decided it is in the best interest of the company that i step down as executive each will have three votes down from 20. Weworks former copresident and vice chairman have been named coceos of the company the Parent Company, we, could layoff 4,000 to 5,000 in response to this there may be a search attempt for a new ceo. They named two and said they were
Us. We have all got a stake in the action. 55 million 401 k holders, 35 million i. R. A. Holders, Union Pension plans, government worker Pension Plans, all benefit from the trump rally. Maybe records today. Politics. This is the day the democrats define themselves and their party. In a couple of hours, Speaker Pelosi takes to the podium. She will try to bring a badly divided Party Together. They are split on impeachment and split on how far left to go on the Green New Deal and open borders. Then tonight, theres the democrat debate. That too will define the party as it goes to the 2020 election. Same story. How far left will they go. Weve got a big show for you guaranteed. We are dealing with vaping, guns and the europeans, yes, they are printing money again. Varney company is about to begin. Stuart here it comes. A tweet from the president moments ago. It is, im going to read it for you, it is expected that china will be buying large amounts of our Agricultural Products. There you go.
But youve got to imagine strategically the fact that theres an impeachment inquiry now open on the president and at least in theory there is some statistical chance that theres a removal of a president , although everyone reviews as extremely unlikely here, if youre the chinese you might think lets wait and see what happens. Flip that and look at the incentives facing the president. Hes facing a situation where he wants to prove that he is delivering on the economy for the american people. He may now need a deal, need a victory here politically and economically more than he did a week ago, so the pressure on him might be to get a deal even if its not as good as he might have set out for initially but this president has been very focused on this and said hes only going to take a deal if he feels its a win for the american people. Eamon javers outside by the flags doing great work today keeping our viewers attuned to the news appreciate that. Good morning once again, everybody. It is 8 0
In the College Cheating scandal. The hearing in boston wrapped moments ago. New details coming up on the legal challenge, what might happen next. Plus the fight against ecigarette companies. One state attorney general alleging that one manufacturerring a agressively targeting children. How regulators struggling with the growing vaping epidemic among younger americans. Keeping track of Tropical Storm dorian, gaining strength in the caribbean, threatening parts of the u. S. The latest path of the storm is ahead. Well tell you when it is expected to strike. Deirdre we have fox team coverage. Gerri willis at the floor, blake burman at white house, phil flynn at the floor of cme. Blake, we start with you. Reporter one story from the United States and completely different story from china as to whether or not there were conversations among the trade teams from both sides, most likely at the deputy level. At some point over the weekend. Heres the disparity in the timeline, at least where thin