Transcripts For FBC FBN AM 20240714 : comparemela.com

FBC FBN AM July 14, 2024

Hes bulletproof. He can fly. You can see it right here. Its sewn tuesday, the 18th of june. Fbn a. M. Starts right now. I cant lie youre on my mind. Stuck inside my head. I want to feel your heartbeat. Need it there, yeah. Lauren good morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Lauren lets take a look at your money this morning and see how its moving, in the u. S. , up arrows, dow futures gaining 68 points, nasdaq tacking on 38 as the countdown to the fed begins today. Cheryl oil tensions of course are the big story this morning. Iran continuing to ramp up pressure. Right now oil is down 40cents, so 51. 55. Lauren stocks in asia closing out tuesdays session mixed. Nikkei down three quarters of 1 but a 1 gang in hong kong. Cheryl in europe, global trade worries continue there. All of those markets are in the green. Lauren top story this morning, the pentagon is sending 1,000 additional troops to the middle east as new images show the aftermath of tanker attacks linked to that country. Cheryl we have Griff Jenkins live for us in washington as secretary of state mike pompeo prepares for a high stakes meeting. Reporter the sect is on the way to tampa the secretary is on the way to tampa. He spent the last two days speaking with top officials in asia, europe and the gulf. The state department is urging an International Response from iran who announced they will exceed the uranium stockpile limit, prompting the pentagon to order 1,000 more troops to the middle east. Patrick sahn man release shanahan releasing this statement. The United States does not seek conflict with iran. The action today is to protect our national interests. We will continue to monitor the situation diligently and make adjustments to force levels as necessary, given intelligence reporting and credible threats. This as the pentagon releases several new he photos you see here showing irans responsibility in attacking two tankers last week near the strait of hormuz. Sailors seen removing an unexploded mine from one of the tankers. Iran denies any involvement, despite the images. Germany says they arent sure who is behind the attacks. Speaker pelosi reacting to the additional troop deployment, saying this decision may escalate the situation with iran and risk serious miscalculations on either side. Diplomacy is needed to diffuse tensions. The United States must continue to consult with our allies. Speaker pelosi is calling for congress to be immediately briefed on the administrations decisions and plans but there is no indication that will happen any time soon. Lauren, cheryl. Cheryl griff, thank you. President trump announcing a mass deportation plan. The president tweeting last night, next week i. C. E. Will begin the process of removing the millions of illegal aliens who have illicitly found their way into the United States. Theyll be removed as fast as they come in. Lauren alexandria ocasiocortez on instagram strongly criticizing the president S Immigration policy. The United States is running concentration camps on our southern border and that is exactly what they are. Lauren wow. An Administration Officials says those being targeted have been issued deportation orders but they remain at large. Cheryl the state department announced theyre cutting aid to guatemala, honduras and el salvador until their governments take action. Lauren we take a look at the roots of the immigration problem. Reporter with multiple flights a day, i. C. E. Deports 1500 guatemalans from the u. S. Every week. Are you going to try again . I dont think so. Why . Ive got three daughters. I need work. Reporter some are giving up. Theres nothing right now. Reporter others vow to try again. Ill wait a couple hell months and go back. Reporter more guatemalans are apprehended at the u. S. Border than from any other country. Lack of education, lack of money. Reporter migrants here are leaving rural areas, pushed out bay drought, a drop in coffee prices and wage as low as 8 a day. Guatemala does not generate enough jobs for the population that we have. We have almost 200,000 people coming into the job market and only around 40 to 50,000 jobs being created in the economy. Reporter a super highway of migrants crosses through guatemala every day, inviting drugs, extortion and corruption. We have to generate conditions to attract investment and generate jobs. Reporter last week guatemala invited 80 u. S. Agents to advise the country on border security. The interior minister says guatemala is considering a safe third country agreement, first in latin america, requiring migrants to file for asylum here, not the u. S. Guatemala is going to be a country thats going to support the u. S. With regards to closing that loophole. Reporter jose ocosa was deported after two months. He is heading back. They tell me to cross now. I dont want to be returning to my country. Reporter no one we spoke to here, analysts on the right or left, think sending more money to a corrupt government is the answer. Solving the problem may require the one thing the u. S. Doesnt have. Patience. Cheryl thank you. Trade representative Robert Lighthizer set to testify before a senate pan l hell today on the panel today on the status of the u. S. , mexico, canada agreement. The u. S. And mexico are taking steps to move forward for the passage of the deal. Lighthizer is expected to get tough questions with how trade talks with china and japan are progressing. Lauren egypts first democratically elected president has died. Cheryl Tracee Carrasco has the details. Tracee the former president collapsed and died yesterday in a cairo courtroom where he was on trial for espionage. State television says he died of a heart attack. Human Rights Groups blame the condition of his prison cell for his bad health. He was the first democratically elected leader, in 2012. He was ousted and detained in a military coup a year later. A major sale by so sothebys. It is being sold to patrick dohee for 3. 7 billion. It puts it back in private hands, ending the 31 year run as a public company. Dominos is making deliveries using fully autonomous vehicles. The worlds biggest Pizza Company is teaming up with a Silicon Valley startup that makes unmanned delivery vehicles. Dominoes is testing the system in houston. Customers can place an order online and track the vehicles location. Timing is everything. Especially in air travel. There is a breakdown of Airline Efficiency in 2018. Southwest was number two on the list of the ontime record. Alaska airline came out last in efficiency. Thats whats happening now. Lauren lets check the action on wall street this morning. All three indices, gains across the board as we wait on the fed, day one of the twoday meeting is today. Still ahead, as new photos surface of the devastating attack on an oil tanker in the gulf of oman, iran saying its on schedule to exceed nuclear limits set by the 2015 deal. The warning for europe, coming up. And saying goodbye to a fashion icon. Were going to take a look at the life and times of Gloria Vanderbilt. Youre watching fbn a. M. Youve got the love. Youve got the love. Youve got the love. Youve got the love. Youve got the love. Youve got the love. Geico makes it easy to get help when you need it. With licensed agents available 24 7. Its not just easy. Its havingawalrusingoal easy roooaaaar its a walrus ridiculous yes nice save, big guy good job duncan way to go [chanting] its not just easy. Its geico easy. Oh, duncan. Stay up. No sleepies. Heannouncer more details incoming involving its geico easy. Volkswagen and the growing scandal. Dissatisfied customers filing complaints against the german auto maker. Because a vision softly creeping left its seeds while i was sleeping and the vision that was planted in my brain still remains within the sound of silence in restless dreams i walked alone narrow streets of cobblestone when my eyes were stabbed by the flash of a neon light that split the night and touched the sound of silence who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Cheryl iran has set the clock, the country says its on track to exceed limits in stockpiled uranium set in the 2015 nuclear deal in just 10 days. Thomas calendar, a Senior Research fellow for defense programs at the heritage foundation, this new news out of iran, im not sure the u. S. Should be worried, seems more like the europeans should be concerned right now. Thank you for having me on this morning. This is essentially a nuclear blackmail by the Iranian Regime against the european nations to try to get them to ca capitulat, open up International Banking and adhere to their portion of the Iran Nuclear Deal. If they exceed the limits, i think it will further isolate them. The u. K. Will not adhere and stick to this, this could signal the end of the Iran Nuclear Deal even from the european side. Cheryl just a reminder, President Trump decided to pull the u. S. Out of the Iran Nuclear Deal last year. That was a president obama initiated deal. Do you think it should stay in place . Do you think we do need to work on trade with iran because we could have potential military conflict coming . The deal was not a good deal. You it really wasnt going to prohibit in the long term iran for developing nuclear weapons. I think the sanctions in place are having an effect on iran and their economy and i think thats why were seeing them lash out with both the attempts to exceed the nuclear deal, both enrichment and number of pounds of uranium, as well as these actions again tanking in the region, again, is another effort to pressure the european and asia allies to stick to the deal. Cheryl the attacks on the oil tankers, which is a global story, thats not jaws u. S. Story. Just a u. S. Story. Now the pentagon is saying theyre sending 1,000 troops out there. One of the things Ronald Reagan did, with the threat that happened decades ago, he sent military ships to escort the tankers. Is that the answer . I think it is. Its a measured response, defensive in nature. Its more intelligence, surveillance and reconnaissance assets, Security Forces and we have two ships in the region, two u. S. Destroyers that went to the assistance of the tankers. Youre not seeing the Carrier Strike group sail into the gulf, any indications of some type of more of a strike force. These are all defensive measures. I think we should see the u. S. And the International Community i think should Work Together to help protect and h and escort sg as needed against this iranian threat. Cheryl the pentagon released he photos which show what we believe to be the iranian boat full of the National Guard pulling the mine off the ship. The iranians say that wasnt us. I want to bring this home for a second. The political side of this. Ilhan ow omar says we should ren to the table. Youve got heres her tweet talking about that. Youve got nancy pelosi concerned about the additional troops that could be sent to the region. You say you think thats a good idea but that may be blocked here in washington. How possible is that . I think congress will get behind these troops, additional troops were sending. Theyre defensive in nature. Were not sending military strike aircraft or forces that would be more of a military strike against iran. This is all to protect the sea lines of communication, our allies and our forces already there with missile defense, i. S. R. , to observe and let us know if we see any further action by these i. R. G. C. Navy forces. Cheryl well see what happens with the oil contract as well, more trading on global trade issues than this. But that situation is escalating there. Thomas, thank you very much. Thank you. Lauren lets take a look at futures this morning. The nasdaq outpacing the dow and s p 500 this morning but investors turning again to companies that offer high growth potential, all three major averages in the green this morning. Coming up, an exclusive look inside a Chinese Drone Company as washington warns those drones could be used to spy. How this creates another potential worry for trade negotiators looking to trust a future deal. Plus, facebook Just Announced its new cryptocurrency. Why the companys new venture could be worth billions. Youre watching fbn a. M. I want the easy. Easy money. Easy money. Hey im bill slowsky jr. , i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Cheryl as the trade war with china heats up, one company is coming into sharp focus. Drone maker d. J. I. Is hitting big in the us. Is the u. S. Government about to step in with turbulence for the company. Lauren Connell Mcshane takes a look at the company. Reporter the department of Homeland Security put a memo out warning that drones made in china could be collecting data and sending it back to mainland china. When you think about the drone business, the company at the forefront is d. J. I. It wasnt mentioned, companies werent mentioned specifically in 2 2 the the memo. This is the Worlds Largest drone company. Many didnt know it was chinese. D. J. I. Took us on a tour of the showroom and demonstrated some of the latest and greatest, while emphasizing your data is not their business. With over 14,000 employees, d. J. I. Says its purpose is simple, just trying to innovate as quickly as possible. We consider ourselves a global company. We feel that our technology and its applications is relevant everywhere. Its our mission to work as broadly as we can to realize the potential of this technology for everywhere that we can. Public safety is an area where weve seen a tremendous amount of growth. I think weve seen a 500 increase in adoption and frankly a lot of the way that this starts is that someone will own a drone privately and then hell also be, say, a parttime firefighter and then bring it to his workplace and like hey, guys, this is an incredibly useful tool for us. Reporter the drone business, you think about drones for personal use or for shooting video, but the d. J. I. Officials we spoke to, they say search and rescue, thats really a growing part of their business. Back to you. Lauren he also had a chance to talk with a huaweis vice president. While denying that huawei works as an extension of the government, he said this about outside access to huaweis data. At all times, the telecom partners, customers are completely in charge of all the data. Theres no need for us to touch any of the data at all. Theres no need to but i want to be clear on this point and i want to move on, theres no need for you to, but could you . No, we couldnt do it without the permission of the tell come company. Could telecom company. Could you do it without their permission if the government asked you. Is it technically possible . To my knowledge, its not technically possible. Lauren nick jakamakus joins us now. You heard from the huawei vice president. Do you believe them or do you think theyre desperate for business . Part of the interview talked about the fact that huawei doesnt have a contingency plan as they lose business. Good morning. I think anything that inflames the situation any worse than it already is obviously going to cause them to try to do what they can do to continue to try to move forward and get things back in place to resume business. But since last month when President Trump put the ban in place for u. S. Companies doing business with huawei, its obviously you puobviously put ta difficult spot. Lauren so you think theyre saying whatever they need to say right now. I think theyre being very cautious in trying to repair the relationship. Lauren moments ago facebook and nounsed their new cryptocurrency program, its called libre. Analysts are largely optimistic and bullish about this. They see it as a new revenue stream for the company. What are your thoughts about it . Facebook has had continued pressure on the advertising revenue. So as you just mentioned, this is an opportunity for them to diversify their business and Mark Zuckerberg said recently that he wants to make transferring money as easy as transferring photos. So i think certainly this is a step in the right direction for them. Lauren we were talking about trust with huawei. Do you trust facebook with this sort of data . It seems the markets optimistic now. The price of bitcoin, because of facebook and potentially others getting into this space really rallying. Yes. I think in regards to trusting facebook, i think facebook as we know is under tremendous scrutiny from a compliance standpoint. This will make them more under the microscope of compliance. With that being said, its all about the execution of it and im sure theyll execute well. About five years ago they hired the gentleman who had been one of the chief executives over at pay pal to lead this initiative. So i would say yes. Lauren all right. Well, you know, Facebook Stock was up more than 4 yesterday. Its moving today in the premarket. Nick, thank you for coming on this morning. Thank you so much for having me. Cheryl we have got a green start to your tuesday. Take a look at futures right now, the dow is up 70 points, subpoena up

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