Caught on camera. Is friday, july 26th. Fbn a. M. Starts right now. Theres no denying. Im leaving it. Lauren happy friday. Welcome to fbn a. M. Im lauren simonetti. Im Deirdre Bolton in for cheryl casone. Lauren lets take a look at how your money is moving this morning. The Dow Jones Industrial average is up 44 points, needs to close 13 points higher to be positive on the week. The nasdaq gaining 24 this morning. Yield on the 10 treasury right now, 2. 08 . Most investors waiting for the fed decision next week. Lauren iran overnight firing a missile thats posing a threat to vessels in the persian gulf. The price of ill i oil is a gaf 27cents. Stocks in asia are mixed. Nikkei, hang seng and kospi lower. Shanghai moving higher. Lauren in europe, is stimulus coming from the ecb in september . The dax in germl germany gained. All eyes on amazon this morning. The companys latest profit came in below analyst expectations, ending a run of record earnings. Amazon reported a profit of a five 22 per share, eps fell on higher shipping costs and slowing growth in the cloud business. Amazon had signaled to investors that spending would rise when it discussed its First Quarter results. The company shelled out about 800 million for next day shipping, keeping us all addicted but that actually cost money and theyre feeling it. Lauren theyre feeling it this morning. I kind of like the one day shipping, im not going to lie. Investors like what they see from alphabet. Take a look at shares of google in the premarket, they are up 8 , 1,228 each. Googles Parent Company t posting better than expected results, revenue jumping about 20 on the year, driven by Core Products like search, maps and google assistant. Alphabet did not confirm it is the focus of an antitrust investigation by federal regulators. Separately, theres this. Democratic president al candidate telsey gabard is suing google for temporary suspended her fund raising account. The campaign accused google of deliberate censorship. Folks were searching her on google and you couldnt get information about her site. Cofounder of facebook and outspoken critic of the company is working with regulators to break up facebook. According to the new york times, chris hughes along with two other prominent antitrust experts have been meeting with the ftc, department of justice and states attorney generals last week. He called for the company to be broken from instagram and whats app. The government opened an investigation into whether or not facebook violated antitrust laws earlier this week. Lauren twitter and mcdonalds, two High Profile Companies reporting this morning. Twitter is expected to post double digit increases for both earnings and revenue thanks to growth in its ad business and also looking for higher profit and same store sales from mcdonalds, more customers bought the companys value meals. Speaking of mcdonalds, theyre using technology to help customers personalize their orders when they go through the drivethrough. They use weather, time of day and popular menu items. After firing two missiles, north korea issues a new warning, vowing to carry out new missile tests. Aswe have the details. Whats the latest . Reporter good morning, lauren and deirdre. The regime is calling out south korean war mongers this morning, demanding they stop importing weapons and carrying out military drills. According to state media, kim jong un claims north korea is developing super powerful weapon systems to remove the potential and direct threats. The regime test fired two short range Ballistic Missiles on thursday for the First Time Since kim and President Trump agreed to revive denuclearization talks last month. Now china, north koreas closest ally, is asking the u. S. To strike a deal soon. The gprk and the u. S. Should restart talks as soon as possible. This is the shared aspiration of the international community. Reporter the president is also speaking out, telling sean hannity, we are on the right track. They really havent tested missiles other than smaller ones. Which is something that lots test. But i think with north korea, weve been doing very well. That doesnt mean its going to continue. We have a relationship. President obama had no relationship. You would have been at war. Had Hillary Clinton won this election, you would be at war with north korea. Reporter iran tested a medium range missile. Recently, they captured a british oil tanker. Secretary of state mike pompeo says irans actions will determine how the u. S. Responds. They continue to engage maligned activity, they continue to work on their Nuclear Systems and yet they want to tell the world that no, theyre just defensive and theyre being a normal nation and we all see differently. President trump has been very clear. Were watching their actions. Its not what they tell us, its what they do that will drive our policy. Reporter pompeo is asking all nations around the world to help protect those waters. Lauren, deirdre. Lauren thank you very much. North koreas economy shrank the most in more than two decades because of International Sanctions and a drought. South koreas Central Bank Says north koreas gdp fell 4. 1 , thats the biggest drop going back to 1997. The house passed its twoyear spending agreement, despite republican objections. Many conservatives object to the bill because of concerns of the growing u. S. Debt. The legislation boosts spending by 320 billion and raises the debt ceiling. It now heads to the senate where some lawmakers are already vowing to vote against it. Everybody likes to spend money. Nobody around this place ever stands up and says ive got a lousy idea and i need a billion dollars for it. And this bill as i said the other day, this bill may taste like pumpkin pie but im going to vote against it. One feature of the bill that gained support was the 738 billion allocated for defense spending. Lauren the federal government will resume executing death row inmates after a 16 year hiatus. Tracee carrasco has the details. Reporter attorney general william barr says five inmates will be executed. The executions have been scheduled for december and january. The federal government hasnt ex kited an inmate since 2003. It has executed only three people since the restoration of the federal Death Penalty in 1988. Intel shares surging after hours, the chip giant posting a big earnings beat and raising its outlook for the year. The chip maker reporting Second Quarter profit of more than 4 billion. The Biggest Surprise came from its traditional pc business which brought in nearly 9 billion. Analysts were actually expecting a decline. Along with its quarterly results, intel announcing its selling the majority of its smartphone modem business to apple for 1 billion. The Justice Department has called a press conference for this morning to reportedly discuss the proposed tmobile, sprint merger. The department has been negotiating with the phone companies to divest enough assets to create fourth wireless carrier in order to secure approval for the 26 billion merger. According to the wall street journal, the doj has also been working to convince a number of state attorneys general who have sued to block the deal to approve the transaction with the new conditions. And europeans are melting in a record heat wave. The thermometer reached 108 in parts of paris and 105 in germany, belgium, 100 in southern england. In paris, people were jumping fully clothed into fountains, thats partly because air conditioning is still scars in europe compared to the u. S. Scarce in europe compared to the u. S. Cooler temps are in the forecast for today. Thats whats happening now. Lauren it will be hot this weekend, but not 108 degrees. Lets take a look at futures. This morning were seeing small gains, about a tenth of a percent for the dow. The nasdaq gaining a quarter of 1 this morning. The do wh doj investigates big h over antitrust concerns. They may have cracked the code on how to break up the big ones. And how an ecigarette company is accused of taking the message directly to your childs classroom. Keep it here on fbn a. M. I get knocked down. But i get up again. Youre never going to keep me down. I get knocked down but i get up again. Youre never going to keep me down. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. Is it to carry cargo or to carry on a legacy . . Its show of strength or its sign of intelligence . In crossing harsh terrain or breaking new ground . This is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedesbenz summer event, going on now. Lease the gla 250 suv for just 329 a month at the mercedesbenz summer event. Mercedesbenz. The best or nothing. Deirdre ecigarette maker juul is under fire for targeting teenagers. Two teens testified before a Congressional Panel yesterday that a juul representative came to their ninth grade classroom last year and told the class that vaping is totally safe. The disturbing testimony was part of a hearing examining the role that juul plays in nicotine addiction among youth. Numerous schools around the country were offered 10,000 from the ecigarette company for the right to talk to students in classrooms or after school. Lauren ecigarettes are turning never smokers into vapors. Amazon shares are down, after news that the company snapped a record streak. We ask is this just a hiccup in a stellar growth story or a sign of trouble to come. Dan ives joins us now. Dan, good morning. Great to be here. Lauren are you concerned about this miss on profit for amazon or is this part of, you know, as they try to keep growth growing and attracting more prime members and keeping members happy, this is what happens. Theyre just putting more fuel in the engine, in terms of driving the ecosystem in terms of prime and what youre seeing is growth there. It continues to be phenomenal. I think the investment profile over the next call it six, nine months, youre going to need to see more profitability in that ramp. I still view this as a step in the right direction, even though the profit issue will be a focus of the street. Lauren investors were concerned for amazon, alphabet and others, the narrative of slowing growth, slowing revenue. But both came in, google and amazon, with revenue gains of about 20 for the quarter. Google in particular, real strong advertising. Clouds ramping significantly and theyre going up against microsoft as well as amazon. Fundamentally, i think what youre seeing in tech, its another leg up fundamentally. I continue to see a 15 plus growth in terms of the stocks of these Tech Companies going to yearend. Lauren oh, wow. Fundamentally what you saw here, this is what the bulls need to see from numbers. Lauren if you look at alphabet shares, they were only up about 8 this year, lagging the rest of their sector, but theyre getting an 8 pop now. Today youre saying on average these fang stocks are going to go 15 more . We think 15 more. I also think regulatory has been an overhang. Fundamentally what youre seeing through the earnings season, what youll see with apple next week, it shows numbers look strong, streets are raising numbers going to 2020 and advertising, ecommerce, other areas, thats the focus. Lauren chris hughes, he helped to grow and develop facebook. Now hes working with regulators to essentially break it up. He says its gotten too big. Does that go anywhere . Is there anything to that . Whats going to happen with the size of these tech giants . What hughes is doing speaks to a broader i think it will be more noise and ultimately more ill call it a fine or model tweaks rather than ultimate breakups. Youre seeing the drum roll significantly in the beltway. Theres a line from the ftc to the doj to every other Lauren States attorney generals. Its a line right now, like shy polchipolte. I think its more noise. I think you see it in the stocks. This is going to be an issue over the coming years, i think a two to three years investigation. Lauren its noise but doesnt stop the growth, got it. Deirdre spac spacex has an a to get kids interested in the final frontier and a secret ingredient for getting kids hooked on space. And the funny side of steve jobs. Apparently he played more than a few pranks on the spotify ceo. Well tell you more about it. Youre watching fbn a. M. Every breath you take. Every move you make. Every bond you break. Every step you take. Ill be watching. 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Myrbetriq may increase blood pressure. Tell your doctor right away if you have trouble emptying your bladder or have a weak urine stream. Myrbetriq may cause serious allergic reactions, like swelling of the face, lips, throat or tongue, or trouble breathing. If experienced, stop taking and tell your doctor right away. Myrbetriq may interact with other medicines. Tell your doctor if you have liver or kidney problems. Common side effects include increased blood pressure, common cold or flu symptoms, sinus irritation, dry mouth, urinary tract infection, bladder inflammation, back or joint pain, constipation, dizziness, and headache. Looking for a destination that isnt always the bathroom . Ask your doctor if myrbetriq is right for you. And visit myrbetriq. Com. I just called to say i love you. I just called to say how much i care. Deirdre steve jobs reportedly had a pointed sense of humor. A new book claims the apple founder would call spotifys ceo just to breathe deeply into the phone. One of the authors of the book, spotify untold, shared that story with variety and says the story comes from a trusted source, though we have to say it has not been verified. Lauren well, space is evidently not slimy enough in the International Space station, spacex and nickelodeon teaming up to send a batch of their famous slime up to the iss to see how it reacts to micro gravity. Theyre hoping the goo will keep kids interested in space and science. Deirdre that works. Lauren deep breathing phone calls and slime. Deirdre there we go. The government hands out the report card on the economy later this morning, it may show a slower pace of growth. Economists forecasting down growth for the first three months of the year. With his due on the cause of the slowdown and how it will affect the feds Rate Decision this week, we bring dominic tavela of diversified private wealth advisor. Will this make the feds job harder on the 31st. The economy is really not in a position where you would normally call for an Interest Rate cut. But when you look at things like manufacturing in the country, youve got boeing that has a problem obviously with the 737 max, caterpillar selling abroad, the economy worldwide, china slowing down and were going to see john deere selling to farmers in the u. S. , manufacturing is in a tough spot right novel. Its not unusual for gdp to take a step back under these circumstances. Deirdre manufacturing is the key reason why the fed will make the cut, you feel its due to the manufacturing weakness. Its a big component of it. The other side is the consumer in the u. S. Is very strong. Look at visas numbers that just came out. Fantastic. So more money in their pocket, lower energy prices. Consumers doing a lot of spending, theyre twothirds of the economy. I think that overall the economys in pretty sound footing but manufacturing is taking a little on the chin right now. Deirdre we know jay powell talked about Global Economic weakness, impact of trade wars and soft inflation reads as reasons why the fed could cut but then we also heard from two separate fed leaders saying, well, we might not really need it. So what do you think . Is it dangerous to cut by 25 basis points if we dont really need it . Yeah, if we lived in a vacuum, you really would make a really compelling hard argument why they should not cut. Economys in pretty sound footing. Inflation is low. But we dont live in a vacuum. We live in a Global Environment and you see overall growth around the world slowing down, particularly china, europe right now, borderline recession, plus 1 or so on their gdp numbers. The fed has to react and live in the Global Environment in a lower Interest Rate environment, i think is appropriate. I think they errorred in december when they raised Interest Rates. This might be what theyre calling an insurance cut, put things back to more of an equilibrium. Deirdre even though the ecb did not ease. Thank you so much. Lauren lets take a look at how your money is doing this morning. We have slight gains for all three major averagessings right hers right herein the us. Nasdaq gaining 27. The dow trying to end in a positive on the week. Still ahead, after going mono en mono on twitter, aoc and nancy pelosi are set to meet facetoface today. Joe biden vows to change things up for the next democratic debate. How will his new image play out on the detroit stage . Keep it right here on fbn a. M. Dont look down. See that sky usiness, that means a lot. We create Financing Options for your customers. To help them get the things they love instantly. Our data provides i