Transcripts For FBC FBN AM 20240713 : comparemela.com

Transcripts For FBC FBN AM 20240713

Its the little saint nick. Its the little saint nick. Just a little bob sled. We call it old saint nick. Lauren Christmas Tree shining bright. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lets take a look at money. It has been a big market day. Lauren new records on wall street, despite boeing shaving 100 points off the dow. All three major averages closing in record territory, the dow hitting the 16th record close of the year, gaining 10,000 points since President Trumps election. Cheryl with apple and microsoft hitting alltime highs, weve got a mixed bag today. Dow is down by 32, s p only down by 1 andahalf and nasdaq still higher. Remember, yeartodate the dow is up 21 , nasdaq up 32 yeartodate. It has been a great year for markets. Lauren and in asia, rally mode yesterday. Optimism on the trade deal helping the shanghai composite in particular, up 1 and a quarter percent. Cheryl chinas economy looking kind of strong. The brexit cloud is lifting. Look at the ftse right four in europe, again, a huge gain in that market, more than 2 and a quarter percent to the upside in london. Now to the top story this morning, back here at home, the impeachment push on capitol hill today is going to move ahead as lawmakers lay the groundwork to try and push the president out of office with a full vote expected as early as tom he row. The time has come for democrats sitting on the fence to pick their side. Lauren some of them are. Griff jenkins live in washington with those details for us. Give, googive, good morning. Reporter they have to make a stop at the rules he committee, the gateway for most legislation, setting parameters of a floor debate. It can get feisty today. Once they determine the rule of what it will look like, we can predict when the vote will happen. It could be as early as tomorrow. Some vulnerable democrats in swing districts are making their votes known. I made this decision out of principle and out of a duty to protect and defend the constitution. I feel that in my bones and i will stick to that, regardless of what it does to me politically. I will vote yes. The t senate will likely acquit the president in a display of partisan theater that republicans and democrats in washington perform disturbingly well. Reporter now as it appears impeachment is inevitable in the house, the focus shifts to a trial in the senate where Chuck Schumer is already calling for witnesses. In the coming weeks, senators, particularly republican senators, will have a choice. Do they want a fair, honest trial that examines all the facts, or do they want a trial that doesnt let the facts come out . Trials have witnesses. Reporter schumers witnesses include acting white house chief of staff, mick mulvaney, former National Security advisor, john bolton, and a staffer named michael duffy. Schumer is suggesting start dates but Mitch Mcconnell indicated he doesnt envision a long and drawnout trial. They will meet to discuss the contours of the trial. We could hear more from mcconnell today. The rules Committee Hearing starts at 11 00 a. M. Lauren, cheryl. Lauren griff jenkins, thank you very much. A major setback for dow component boeing, the stock falling once again in the premarket after the company said it is temporarily suspending production of its once popular 737 max jet. The stock down 1 and a quarter percent. Cheryl lets get the latest from foxs ray bogen. Reporter boeing p putting the brakes on the 737 max. Starting in january, the plane maker will temporarily stop production of its most important passenger jet, the move comes nine months after authorities grounded the planes following two crashes that killed a total of 346 people. Experts say the decision could create chaos for the Aviation Industry and have h detrimental effects on the american economy. Suspending production of a commercial air a craft is something that has been very rarely done. It truly is an unprecedented decision and it is one that has massive impact to boeing and its suppliers and the airlines. Reporter some argue the production halt will ease boeings cash crunch. Producing these planes, youll have a lot of planes sitting on the ground, depreciating, needing to be paid for. The airlines arent going to pay for planes until theyre ready for flight. Boeing is between a rock and a hard place. Reporter they say they dont expect layoffs or furlough as a result of the stoppage. They promise they will determine later when production will presume. We believe this decision is least disruptive to maintaining longterm Production System and supply chain health. We will continue to assess our progress toward return to Service Milestones and make decisions accordingly. The plane crashes and safety concerns have had a big impact on the companys stock which has fallen more than 23 since march. Ray bogen, fox news. Cheryl ray, thank you so much. More on that story coming up later on in the show. Lauren the Trump Administration moving ahead on the phase one trade deal with china. Layer are you kudlow says larry kudlow says u. S. Exports to china will double under the agreement which could be steined next month. To the extent we will work through the mexico and canada thats the hope. Youve got to go through as you may know translations, have to happen, and everybodys got to line up. I think Bob Lighthizer said yesterday it would be done the first week or early part of january. Make no mistake about it, the deal is done. The deal is completed. Lauren the outcome on the second part of the phase deal will depend on the success of phase one. Cheryl turning to another major trade deal this morning, a top mexican official says hes, quote, very satisfied with the usmca trade deal after expressing initials reservations. He addressed part of the agreement that allows labor reviewers to be present in mexico for, quote, technical assistance. These personnel will not belabor inspectors and then in the next line it says also equally clearly, those verifications will be conducted by independent panelists. Cheryl we told you yesterday he was concerned about the inspections of production plants in mexico. Mexico has ratified usmca and the house is going to take its first steps on the deal today in the ways and means committee, setting up a ratification vote expected this thursday. Lauren procrastinators, you may want to order your gifts sooner rather than later. Amazon is banning Third Party Users from using fed ex for prime shipment. Shipments. They cited poor performance. They say its necessary to ensure people get their packages on time. The ban will last until amazon is satisfied that fed exs performance has improved. Fed ex responding, this is what they said in part. Quote, while the decision affects a very small number of shippers, it limits the options for those Small Businesses on some of the highest demand shipping days in history and may compromise their ability to meet customer demands and manage their business. Amazon stopped using fed ex for its own deliveries in september, creating a riff between the two companies but still allowed third parties to use that service until now. Cheryl well, from payouts to lawsuits, maybe back room deals, there is big news this morning on the Opioid Crisis. Lauren lets go to Tracee Carrasco. She joins us with details. Tracee, good morning. Tracee Perdue Pharma paid out 10. 4 billion to family members who owned the oxycontin manufacturer. A new report shows as the Opioid Crisis grew, the stackwell family was taking in billions of dollars. This comes as the Company Faces a string of lawsuits related to opioid use, like in oklahoma, the state is appealing a judges order for Johnson Johnson to pay 465 million, saying its not enough to address the Opioid Crisis there. Johnson johnson is also appealing the judges order, claiming the amount is too high and wants the award reduced to 3 355 million. Changes at roku, the cfo is stepping down after five years with the company. Roku said he will depart after helping the company find his replacement. He joined roku in 2015 and played a key role in its initial public offering. Shares of roku up 351 yeartodate. Netflix for the first time revealing how fast its growing outside the u. S. Since 2017, subscriptions have more than doubled in europe, the middle east and africa accounting for 47. 4 million subscribers. Latin america shows sharp growth as well, nearly doubling to 29. 4 million. Asiapacific region has more than tripled to 14. 5 million subscribers. This offset the slowdown in the u. S. And canada. Overall, netflix has 158. 3 million members globally. A majority of americans feel Constitutional Rights are being threatened, according to a new harris poll. 92 believe basic rights and freedoms are under siege. They believe the biggest threats are to the freedom of speech, the right to bear arms and right to equal justice under the law. Thats whats happening now. Lauren powerful stuff. Cheryl the freedom of speech thing is interesting in the day and age of social media. We have free speech, yet you think its under fire. Lauren its a good point. Tracee, thank you. Cheryl well see you on twitter, tracee. All right, lets take a look at had how your money is doing this morning, a little bit of a loss on the dow, down 32, nasdaq is by 2. Coming up, despite the impeachment drama in dc and all of the critics attacking him, the economy under President Trump is firing on cylinders. The markets hitting new high after new high. What these incredible numbers and the 10,000 point jump since the l election means for President Trump in 2020. Were going to talk about it. And one businesswoman is showing that some things matter more than the bottom line. We have got a heartwarming story of compassion over competition. Youre going to want to hear that story, coming up on fbn a. M. But you got to keep your head up. And you can let your hair down. You got to keep your head up. And you can he let your d you can let your vo the flock blindly falls into formation. Flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Step up, please. Empty your pockets. Looks like youre all set for that business trip. Youve got your smartphone, laptop, your other smartphone. Woman is this all the devices you have . Your tablet. Seriously . Smartwatch, your backup tablet, and. Woman anything else in your bag . Whatever that is. beeping this isnt working. Introducing Samsung Mobile workspace solutions. With the galaxy note10 with dex software, you can run your entire business on the one device that does it all. Samsung business solutions. On the one device that does it all. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill. Available at. Lauren might be an understatement to say that stocks have been on fire since President Trumps election. The dow shot up 10,000 points, 54 , since november 8th, 2016. Can that continue into the 2020 Election Year . Gus gako, ceo of Hudson Valley Investment Advisors is here. Its unbelievable, 10,000 points since the 2016 election. Can you just keep growing . Does the bull market continue . You have to remember, people are looking at how this market has been the last couple months. We were down at the end of the Fourth Quarter last year. We reversed. Looking at 180 for the s p 500 this year, this is a discounting mechanism. Put a multiple on it you can he get to 3600. Lauren youre echoing piper jeffrey, the most bullish call, 3600, a gain of 13 . We end up having Interest Rates are held at bay. Theyre not going higher be in the shortterm or medium term. Have you the escalation with china which pulled back and most companies that made their earnings announcements, nobody gave any type of warning. Were looking at pretty good earnings and people are giving outlooks that are better than expected. Lauren bank of america said Something Interesting yesterday, they had a bullish call, 5 gain until march 3rd. Why is march 3rd significant, super tuesday . Meaning when we finally get a sense of who is the democratic nominee, who is going to win the 2020 election, things could change. If theres a democratic sweep, what do you think happens to the stock market . Youre going to have the risk of what the democrats are going to be talking about. So theres always the risk they come into power and these are the things investors will be looking at. Even if you do get a democrat that comes into the president ial house, youre going to end up having a couple things. You have the house and the senate, they have toet laws passed through. The economys on a roll. Things arent going to change that much. People worried when clinton came into office and things continued in the sam same vein. Lauren were talking about the stock market but you brought up the economy. We got a reading on home Builder Sentiment yesterday, the highest level in 20 years. Is that because amidst all of the good things you have Interest Rates staying low . Thats part of it. People are being employed, consumers doing well, and lets face it, we pulled back on regulation. A lot of things that held up the economy are gone. If youre a tradesman right now, this is the best economy youve seen in your tim lifetime. Lauren can you repeat that. If your a trades person, this is the best economy youve seen in your lifetime. Lauren a lot of people use that language to describe the type of economy were living in. I know you have years of experience. The boeing 737 max et je 737 mas temporarily suspended. 12,000 workers at the plant, hundreds of suppliers. If theres a loss of jobs there, does that hurt the president in 2020 . It will hurt the economy somewhat. Thats our largest export. None of those individuals are getting laid off at this point in time. Theyre all skilled, the majority of them. Its difficult to replace them. They havent stopped producing planes. They Just Announced they would. Otherwise, theyre producing 40 per month. Its one of the largest producers in the united states. Its the suppliers that feed into them had that youll have a problem with. Lauren cheryl, over to you. Cheryl well take a look at boeing later on as well. If youre thinking of swiping your credit card at the gas pump, you may want to reconsider once you hear our next report. And the chicken wars are hitting a whole new level of insanity, folks. Popeyes has a new ad thats aimed at one of its fowl foes. Youre watching fbn a. M. Yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. 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I got this. Which gps are you using anyway . A Little Something called instinct. Been using it for years. Yeah, thats what im afraid of. He knows exactly where were going. My whole body is a compass. Oh boy. The my account app makes todays Xfinity Customer Service simple, easy, awesome. Not my thing. Cheryl visas out with a new warning as hackers are finding new ways to get your info. Lauren brett larson from fox News Headlines 24 7 here you now with what you need to know. This is a different kind of warning. Gas pumps have been a popular place for stolen credit cards to go. If you can stick it in the machine, no ones around to see you, and they steal your stuff. Its usually been skimming theyre doing, they put the device over it. In this instance thats not whats happening. Its a phis hinhing email scam. A lot of gas stations have, you put the card in, pull the card out, reading magnetic chip. Thats the issue. Theyre not using the chip card readers yet. Thats where theyll run into problems. Lauren theres nothing you can do about it. This time of year, keep an eye on your credit card for any unusual spending activities. Lauren the fast food chicken wars, popeyes amps them up again. Popeyes is looking for a few good people to work in the louisiana and memphis area. You must be available to work on sundays. We know who theyre going after here, eat more chicken, chickfila. They placed an ad in the newspaper. Its popeyes chic

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