Transcripts For FBC FBN AM 20240714 : comparemela.com

Transcripts For FBC FBN AM 20240714

Vacation. Think again. The shocking reasons americans say make their travel unravel. It is tuesday, august 13th. Fbn a. M. Starts rights now. Your love lifting me higher. Than ive ever been lifted before. So keep it up. Cheryl welcome to fbn a. M. Good morning, im cheryl casone. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving on this tuesday after yesterdays 389 point plunge on trade fears and there was a Technical Glitch at the new york stock exchange. Right now, kind of a mixed bag. Dow is up 4, s p up just a fraction, nasdaq in the h red b9 points. Lauren the 10 year is up to 1. 65 . Cheryl weve been seeing pressure in oil markets, Global Economic worries have been pushing the contract down. Were higher but just by 22cent 22cents this morning. Lauren the hang seng is down over 2 . Cheryl in europe, the pressure in hong kong bleedsing into European Markets. This is a global story, folks. Right now you can see all of the indices are slightly in the red. Lauren we have news overnight coming out of hong kong. The airport there has reopened to chaos as the prodemocracy protesters are staging a sitin for day number five. 200 Flights Canceled, thousands of passengers ca passengers str. Cheryl investigators are calling into an investigation over Police Brutal at this. Carrie lamb spoke to reporters, wouldnt directly answer a question on fate of the measure. Have your hands been tied by beijing in not allowing the bill to be withdrawn or is this a point of political pride on your part in not doing this and refusing to meet the demand of the protesters . Well, actually yes or no . This question has been answered on previous occasions. Youve evaded the question on numerous occasions. Number one, as we heard from the spokesman of the hong kong g affairs office, we will Work Together with the police force, that we are capable of resolving this crisis. Cheryl there is more criticism from beijing. Chaa chinese official said the protests were showing signs of terrorism, this comes as Chinese State tv shows military vehicles gathering near hong kongs border and chinese officials telling u. S. Officials to mind their own business. Lauren well see how it plays out. Jeffrey epstein reportedly hanged himself in his jail cell. We have a alarming new details about his death as we learned one of the guards in charge of monitoring him was a substitute. Cheryl Mark Meredith joins us from washington as the investigation shifts to the caribbean. Reporter this morning new questions are emerging over how Jeffrey Epstein was able to kill himself while in federal custody. The New York Post reports the 66yearold hung himself in his cell with a bed sheet. Many are asking if guards failed to follow proper procedures by not checking on him every 30 minutes like they were supposed to. He reportedly tried suicide weeks earlier but was unsuccessful. The Associated Press reports one of the guards in charge of his care was not a regular corrections officer. Its reported the Correctional Center is severely understaffed. Attorney general bill barr spoke of his death on monday. I was appalled and indeed the whole department was and frankly angry to learn of the mccs failure to adequately secure this prisoner. We are now learning of serious irregularitieses at this facility that are deeply concerning and demand a thorough thorough investigation. Reporter a Sailing Company in the Virgin Island snapped these pictures showing the fbi examining epsteins former home in the Virgin Islands. Investigators havent said what they may have been looking for. Before his arrest, epstein was known to frequent the lush property the Justice Department charged him with conspiracy and Officials Say after his death, their case is far from over. Let me assure you that this case will continue on against anyone who was com come complich epstein. The victims deserve justice and they will get it. Reporter an autopsy was performed over the weekend. Results from the examination have yet to be made public. Cheryl and lauren. Cheryl mark, thank you. Tesla is denying a report that epstein advised the company during its attempt to go private. A New York Times reporter told him epstein told him he had connections at tesla and claimed to be an advisor of elon musk. Lauren it could soon become harder for immigrants to get green cards if they rely on public financial assistance. Cheryl Edward Lawrence has more from washington. Reporter good morning, lauren and cheryl. The administration has been cracking down on illegal immigration. This new rule on the books in october will narrow the focus for legal immigration. It really targets green card holders and those wanting legal status. Some 400,000 people. If an applicant needs public assistance in the future or has used public assistance, its a black mark, like food stamps, medicaid, public housing. The white house says the new rule clarifies what Congress Already has in laws and it will create or have a financial impact. The benefit to taxpayers is a longterm benefit of seeking to ensure that our immigration system is bringing people to join us as american citizens, as legal permanent residents first, who can stand on their own two feet, who will not be reliant on the welfare system. Reporter critics pushed back against the white house. The Democratic National committee releasing a statement saying this is part of the escalation of the antiimmigrant agenda from the trump administration. Comments echoed bye ve by evetk from new york. When you remove support systems within communities, that makes it less likely that parents will take their children to the doctor, that makes it less likely for families to have access to wholesome meals. Reporter this rule means that in addition to assessing an application over citizenship, with the need for public services, it also can look at household income, education and health. Back to you. Lauren edward, thank you very much. The Border Patrol wants to expand its use of facial recognition technology. The agency is offering developedders a nearly 1 billion contract to set up a new system on the border. They say the goal is to create a mobile program that will allow agents to can people from the field. Cheryl ubers stock tumbled more than 7 at the close yesterday, after the Company Posted disappointing earnings last week. Uber closed at 37 a share, that loss, 7. 6 , down nearly 20 from the ipo price of 45 a share earlier this year. The latest round of selling comes as investors question whether the company will ever turn a profit. Lauren new details about the mysterious explosion in russia. Cheryl yeah, fascinating. Tracee carrasco has that story. Tracee the deadly explosion at a Russian Missile site believed to be caused by Vladimir Putins dooms day missile. Russia has yet to say what officially caused the explosion that killed five nuclear scientists. U. S. Officials say they believe the blast involved a prototype of a Nuclear Powered cruise missile. Back in march of 2018, president Vladimir Putin talked about an invincible missile with unlimited range an the ability o bypass interception. The un is vetting at least investigating at least 35 north korean cyber attacks. They are allegedly being used to illegally raise money for weapons of mass destruction. Its been reported theyve taken in as much as 2 billion from their cyber activities. Post mates is making its ipo filing public next month. The company is expected to begin trading by the end of the third fiscal quarter of 2019. Post mates raised 681 billion n to date. The plant based meat craze continues. Theres a new line of soy based products that will be available under a the pure farmland brand, including burgers, meat balls and breakfast patties. Cheryl everybody getting on the bandwagon. Lauren the impossible burger at burger king is said to be better than the real one. Cheryl weve got a lot more coming up. Protests in hong kong threaten teato tear the region apart. The dow is down 21, s p down 3, nasdaq down 15 andahalf. Well talk about hong kong a little more and break down whats happening over there, how it could have a huge pact here. If you impact here. If you think robo calls are the worst, we have details on how the ones you trust to detective yoprotect youcould leak your in. Youre watching fbn a. M. This is the couple who wanted to get away 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. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Lauren hong kongs airport reopened but its a chaotic scene there. Over 200 Flights Canceled as more than two months of prodemocracy protests are showing no signs of letting up. Yo. Chinese state tv is showing military vehicles gathering near hong kongs border. Olivia enos joins us now. Good morning. Good morning. Lauren are we at the brink of no return as hong kongs leader has said . You know, people take to the streets when they feel like there is no other way for their voice to be heard. And thats what were seeing today in hong kong. People are recognizing there is a deep desire for reform from hong kongers and they feel theres no other way to communicate with their government than to take to the streets, even in the form of having thousands of people blocking the airport and thats what were witnessing today. Lauren it is getting chaotic and it is turning violent against what many of the protesters want. How does this play out . Why doesnt beijing just talk to the protesters . Why dont they have a conversation or why dont they say why cant carrie lamb say the extradition bill is dead, it is not coming back any time soon, not that its shelved, why doesnt she say its dead. I think protesters achieved a victory. The bill was tabled and it doesnt look like its going anywhere soon. The real challenge for the hong kong authorities is to demonstrate that thei theyre responsive to the needs of the protesters. I think thats going to mean creating Additional Space for Civil Society to communicate desires to the hong kong authorities without strolling take to the streets. I think the last thing anyone wants is having beijing intervening in the ways that are so concerning. Lauren does beijing intervene . When you have the airport and Flights Canceled and protests on day numbe numb number five, oney what happens. There are 1,300 u. S. Companies doing business in hong kong, its the bridge between china and the west. This is not a good look for china or hong kong right now. Yeah, i mean, sometimes there are costs to doing business when freedom is on the line. And so i think that thats what youre certainly seeing in hong kong. I think the responsibility for the u. S. Is to support the peaceful elements of the protests while condemning the violent elements and doing their best that we possibly can to convince beijing that violent intervention should be completely off the table. Lauren okay. Olivia, thank you very much. We appreciate it. Thanks for having me. Cheryl a troubling warning out of newark, new jersey to tell you about. The epa told residents to use bottled water as a preliminary precaution because of concerns over lead levels. Tests indicated that filters may not be enough. Officials are handing out bottles of water to residents and are asking the federal government for assistance. Lauren lets take a look at how your money is doing this morning after a 390 point selloff on monday. Futures were up 5 points when we started the show, now down 60 on the dow, nasdaq giving up 29. Coming up, as kids get ready to heads back to school, well tell you about nikes plan to make keeping your kids in kicks a lot easier. Carnival cruise is in rush waters. Why one of the companys oldest ships is giving them a sinking feeling. Youre watching fbn a. M. Whos dog is this . Its my special friend, antonio. His luxurious fur calms my nerves when im worried about moving into our new apartment. Why dont we just ask geico for help with renters insurance . I didnt know geico helps with renters insurance. Yeah, and we could save a bunch too. Antonio fetch computer antonio . Ill get it. Get to know geico and see how much you could save on renters insurance. carrying up to 50 times its tbody weight. Essly marches on. It never questions the tasks at hand. But this year, theres a more thrilling path to follow. father kids. Change of plans vo defy the laws of human nature. At the summer of audi sales event get exceptional offers now to the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you preorder a new samsung note. Click, call or visit a store today. I put some new shoes on and everythings all right. Lauren kids can now get new pairs of sneakers every month thanks to nike. Theyve got a new subscription service. You could get four pairs of sneakers a year for 20 a month, six pairs for 30 a month or 12 pairs for 50 a month. About 100 sneakers will be available through the program. Its actually kind of expensive but you can keep your kids stylish. Cheryl you know where they make sneakers in china . Escalating protests continuing to rattle u. S. Markets. The 10 year treasury is trading near twoyear lows. The prices are a a little lower this morning. Bond markets seem to be telling us there could be a recession ahead. Lets bring in todd horowitz, chief strategist. The bond market is telling us they think there is trouble on the horizon. The spread between the 10 year and the 30 day is inverted. So it is a problem. Of course, the bond market is the biggest market in the world. It is not anywhere no other market is anywhere close to the size. And typically the bond markets going to be right. This isnt a problem that just decided to start because of hong kong or whats going on in china. This has been building for a while because weve seen some of these issues. I mean, once we peaked in the 10 year at 3 , we have done nothing but go down. Were building what i would call a bond bubble. They cant buy enough bond futures and they cant get the Interest Rates low enough and this is the problem. Cheryl its a flight to safety. Just to be clear, a lower bond yield means banks cant turn as many profits. We saw financials leading the selloff yesterday. These are the stocks to watch, i think, in my opinion, besides the energy and some of the trade sensitive guys. A lot of this has been happening on the backdrop of china. We were talking about hong kong earlier. Xijinping in my opinion has a problem here, hes got a hard line guy sitting on the trade negotiating committee. He cant look weak. Hes also got the hong kong problem. Between the trade war and the hong kong problem, doesnt seem like china is going to make any movements. That is not good for markets it seems. Certainly its an added factor to markets. Markets were starting to sell off ahead of time. When you look at whats going on, theres the flight to safety, theres all kinds of issues out there that markets markets didnt decide one day well start to go down. Theyve been building up to the breakdown. The economy has been weakening. We continue to hope its getting stronger. The currency manipulation around the globe including us, every time they drop Interest Rates theyre trying to reduce their value of their currency. Weve got a global meltdown and were being forced to pry to push yields lower, not because of our stuff, but because of the lowness across the globe which they want to keep the spreads narrower. Cheryl Central Banks have gone into intervention mode. The ceo of Goldman Sachs came out and said im not so much worrieworeworried abou an econom worried about the trade war. Do these things worry you . This has become a battle between trump and xi, who can figure out the best way. China will wait it out. They have no real consideration for their down people. The people on the lower level, they have no concern for. They dont care at this particular point. Thats what it comes down to. Theyll try to sit back. Cheryl were baking it into the price as you can see right now. Todd, thank you so much. Appreciate it. Lauren still ahead, the plot thickens in the mis mystery surrounding the death of Jeffrey Epstein. How could the high profile case go so wrong . And vacation buzz kill, a new poll shows what travelers say really ruins their vacation. Keep it here on fbn a. M. Well be playing, having fun. , we know how your customers shop. And what theyve already purchased. Like this lamp. And we use those insights to show you what they might consider buying next. Midcentury modern, nice. That way, you can keep sending them offers for the perfect products. And that keeps them coming back. Hows that for changing whats possible . Lauren the mystery surrounding Jeffrey Epsteins apparent suicide deepens. The New York Post reports he hanged himself in his cell over the weekend with a bed sheet. And that guards were not following rules, did not check on epstein every 30 minutes like they were supposed to. Well, the investigation has not stopped with epsteins death. Fbi agen

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