Transcripts For FBC FBN AM 20240713 : comparemela.com

Transcripts For FBC FBN AM 20240713

Rocking around the christmas tree. At the Christmas Party hop. Mistletoe hung where you can see. Every couple tries to stop. Rocking around the christmas tree. Let the Christmas Spirit ring. Lauren a beautiful shot of fox plaza in new york city. Merry Christmas Eve. Thank you for joining us. Im Lauren Simonetti. Tracee good morning. Merry Christmas Eve to you. Happy hand caw to our friends out there hanukkah to our friends out there. Im tracee carrasco. Lauren i was asking tracee, wheres the red. Tracee i thought it might be too much. Lauren lets show you how u. S. Markets are looking. Its a shortened session today. Markets closed tomorrow for the christmas holiday. The dow is up 20 points, the official santa claus rally kicks off today. The s p, you up up 2 points. As for the nasdaq, eight recovererecordcloses in a he roe we havent seen since 1998. Nasdaq you up 4 andahalf today. Tracee lets look at asia, how your money is moveing there. You can see the nikkei and shanghai pointing higher, the hang seng and kospi pointing lower. Lauren its christmas oversea as well. The dax in germany is closed today. Other than that, european markets mixed at this hour. Actually, the cac in paris fractionally higher and the ftse in london up twothirds of 1 . Well, boeing was a big story yesterday. Tracee yes, it was. Lauren really supported the dow with gains after dennis mull muilenburg, ceo, is out. Tracee 65 points. Lauren 65 points the Dow Jones Industrial average. With all the changes the company is making and reaction, lets go to grady trimble. Reporter boeings stock performed quite well under the you now former ceo Dennis Mullen bettemuilenburg but its handlif the 737 max crisis that ended up doing him in. The top of the to do list for the new ceo will be getting the grounded 737 max planes back into the air. They announced they were halting production of the plane while they work to get it recertified critics say the company was too cozy with regulators when getting the plane to market and after the two crashes the critics say the company wasnt transparent enough about the role it might have played in the crashes. The company says the new ceo will bring a renewed commitment to transparency and better communication in the hopes of he restoring confidence. Boeings stock enjoyed a bump yesterday but it shaved 641 points off dow back in march. Calhoon has been on the board of directors since 2009. He spent 26 years with general electric, working with aircraft engines and transportation so hes no traininger to this industry. Lauren and tracee. Tracee shares of boeing up 3 yesterday, up now the premarket this morning forget christmas, the left is acting like its impeachment season. House democrat hinting they will try to impeach the president again. Mark meredith is in the Nations Capital with the new court filing on possible new art tells of impeachment. Reporter the idea of another impeachment is sure of to raise a lot of eyebrows. On monday lawyers for the House Judiciary Committee filed a brief in federal court arguing they need to hear testimony from don mcgahn. The white house long refused to let him testify and lawyers for the house argue that if mcgahns testimony produces new evidence supporting the conclusion that President Trump committed Impeachable Offense thats are not covered by the articles approved by the house the committee will proceed accordingly including if necessary considering whether or not to recommend new articles of impeachment. A court date is set for early january. The fight over what comes next for the senate and impeachment continues this morning. Democrats say they will also continue to put the pressure on Majority Leader Mitch Mcconnell to allow witnesses to testify in a Senate Impeachment trial. Its called a speedy and fair trial. Thats just what we want. Its hard to imagine a trial not having documents and witnesses. If it doesnt have documents and witnesses, its going to seem to most of the American People that it is a sham trial, a show trial, not to get at the facts. Reporter Majority Leader Mitch Mcconnell argued it was up to the house, not the senate, to investigate and for him this is a political process. Hes blasting nancy pelosi over her decision to delay sending the impeachment articles of to the senate. Mcconnell said on monday on fox news, he has not ruled out allowing additional witnesses to be called. However, a final decision has yet to be reached. Back to you guys in new york. Lauren the optics on all of this is that democrats dont look like theyre taking it seriously after all of that. Mark, thank you very much. 2020 president ial hopefuls are taking on big tech. Hillary vaughn has details for us. Hillary, good morning. Reporter good morning, lauren and tracee. Some democrats running for president have trash talked big tech. That is not costing them Campaign Cash because workers at some of the largest tech firms in Silicon Valley are donating millions to candidates that are calling out their own tech bosses on the campaign trail. Mark zuckerberg gets to have a private dinner with the president. Small Business Owners dont get that kind of access. That company, amazon, did not pay one nickel in federal income tax. That is called a corrupt political system. Reporter employees and packs associated with facebook, google, amazon and apple have given over 5. 3 million to candidates this Campaign Season and they overwhelmingly went to democrats. Alphabet gave 2. 6 million in Campaign Cash, 83 went to Democratic Candidates. Apples workers responsible for nearly 600,000 in donations, handed over a whopping 95 of that to democrats. Facebook shelling out 69 of their total donationses to Democratic Candidates and amazon spent 75 of their dollars on Democratic Candidates, over 1. 3 million this cycle. While candidates like senator Elizabeth Warren and Bernie Sanders have been known to demonize big tech on the campaign trail, theyre still raking in the most cash from california where a lot of people outside of Silicon Valley work in the tech sector. Elizabeth warren with the most and sanders in second. Lauren and tracee. Tracee thanks, hillary. Well, the security and Exchange Commission is looking under the hood of bmw. The wall street journal says the sec is investigating whether the company manipulated sales figures in the u. S. Sources say regulators want to know if bmw did something known as sales punching, where they increase sales by having dealers registering cars as sold when no sales have occurred. Bmw said they are cooperating with the investigation. Lauren in september Fiat Chrysler paid 40 million to the sec for a similar investigation. Sears is selling its die hard line of batteries to advanced auto parts, the deal worth about 200 million. It a allows sears to keep selling the line of products in their stores. It cant, however, make any more auto related die hard products. This is the latest attempt from sears to sell off assets. In 2017 they sold the right to craftsman tools to Stanley Black and decker. Tracee the 13yearold charged in the deadly tappin stabbing oa majors appears in court. Attorneys claim the teen was questioned by police without a parent or a lawyer present and the officer who interviewed him isnt a credible witness because hes accused of falsifying evidence in the past. Meantime, police are searching for a 14yearold who is considered a person of interest. Lauren a win for ride sharing companieses in new york, a state judge ruled in favor of uber and lyft. There was a law passed limiting how much time the drivers spend cruising streets without passengers in them. The judge called it arbitrary and capricious. Tracee draft kings is going public, sort of. Theyre merging with diamond eagle, a publicly traded company, for more than 3 billion. Diamond eagle is expected to change their name to draft kings and get a new nasdaq symbol once the deal is closed. This comes more than two years after draft kings scrapped plans to move with san dual. Lauren you may want to think twice before gifting one of those home dna kits. The pentagon is warning that the kits pose security risks. The Defense Department is telling Service Members that they could expose personal and Genetic Information. The pentagon is concerned the unregulated information could be used in mass surveillance and to track individuals or Reveal Health problems. They raise concerns of Genetic Information being collected for questionable purposes. 1500 people reported dead after iran cracks down on protests around the nation. Reuters is reporting that 17 of them are teenagers. 400 women. This is the deadliest crackdown on protests of the Islamic Republic since the revolution in 1979. Iranian state media have denied the reported death toll here. Take a look at this. Nikes new sneaker honoring Colin Kaepernick sells out within minutes of release. The black air force one 07 model features the former nfl quarterbacks silhouette, theres his picture at the heel and his number as well. You might remember, it was kaepernicks criticism which caused nike to pull a sneak her featuring a betsy ross american flag, but i guess nike thinks his image is aokay. Hes been the face of nikes just do it campaign and recently held a workout for the nfl teams, none of which signed him to a contract. And theres now a way to jump start your new years resolution on the cheap. Clap pass is offering a free one month trial. New users can take up to nine classes during the promotion and after that plans can run between 19 and 79 a month. A lot of people, their new years resolution is to get in shape. Tracee thats a great deal. Class pass is a great way to try different workouts. Lets take a look at how your money is moving this morning. Dow futures are up by 18, s p 500 up by 1 and three quarters, nasdaq up by 4. And lets talk about boeing and ceo Dennis Muilenburg is out. What does this mean for boeings future in 2020 . Will it be a better year than this past year . Youre watching fbn a. M. Sleigh bells ring. Are you listening. In the lane. Snow is glistening. A beautiful sight. Were happy tonight. Walking in a winter wonderland. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. I am totally blind. And non24 can make me show up too early. 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Thlook at all this ink no more bit comes with. Es. Big ink tanks. Lots of ink. No more cartridges. Incredible amount of ink. The epson ecotank. Just fill and chill. Lauren our big stor store tod, boeing. The stock soaring 3 yesterday after announcing David Calhoon will replace Dennis Mullenberg. Its unbelievable, on the eve of a holiday, boeing announces leadership change and the stock market and a investors were excited about it. But for a lot of people, myself included, maybe you too, i dont think bringing in this guy, David Calhoon who is a veteran of the company, been on the board for a decade really changes any of the culture at gloang they had to make a choice between bringing in somebody who would clearly be a fresh outside voice and somebody who on one hand has the institutional knowledge, wouldnt have a big learning curve, that is calhoon, but somebody who on the other hand cant claim to be the new blood coming into the company. Had this is somebody who up until recently was loudly defending denni dennis muilenbu, said he had confidence in him. A tradeoff there. Couldnt you new at this, continuity, yes. But in terms of convincing people its a new day, well see. What was the nail in the coffin for mulcoffin for muleen. There were problems beyond the commercial aircraft division. But in the end, i think the plan up until a week ago was to try to get him through the recertification of the aircraft and then he would say, hey, my job is done, lets pass the torch. Once that was not imminent and you didnt know when the end was in sight, he was more of a distraction, more of part of the problem than the solution. Lauren does the same go for calhoon . Hes 62 years old, i believe. Do you think he tries to get the 737 max flying again and then they look for a replacement for him . Good question, whether hes sort of more of what you would call a caretaker ceo, that could indeed be the case. Boeing has a mandatory retirement age of 65. So unless they change that, yeah, by definition, hes not going to be there for a decade or anything like that. So, yeah, he could also be a transitional figure here, at least hopefully get the focus back on what really matters, keeping people safe and not on just misstep after misstep for the company here since the crash. Lauren youre an aviation journalist, you know the ins and outs of all of this. For the average flier, for the traveling public, at what point if ever are they comfortable with boeing, with that plane specifically and with just Overall Trust of the company. Theyre also dealing with the star liner, the rocket that went into the wrong orbit. These are a series of missteps by the company. Yeah, lauren, when youre a company like boeing, its a problem whenever the public is thinking about you. Boeing is not really a consumer brand. Boeings costers percent are Airlines Customers are airlines, not the public. If the public is thinking about what kind of airplane its getting on, thats a problem for boeing. The history is people eventually move on from crisis. Unchartered territory, weve never had a crisis crag on like this one drag on like this one, soon it will be a year since the second crash, since the grounding, with no end in sight. Lauren the second contractor, mash eighth of this year, the stock was at 422 that day, now its hovering around 337. So obviously this is a loss of market cap, a loss of shareholder money and a loss of reputation. And how boeing recovers is anybodys guess. But you nailed it. You said its not just passengers that need to trust the company, its also regulators and suppliers. Because boeing is a major company. This has had ripple effects throughout the entire u. S. Economy, if you could speak to that. Supply chain, boeing is the top you could picture a food chain with hundreds of companies that when boeing suspends production boeing could say were not going to lay off anybody for now but all kinds of other companies that arent in the same position of a boeing that when they stop producing parts of those planes, they have no choice because they dont have the same staying power. Boeing is the biggest exporter for this country in terms of what this country sends abroad these days, its boeing airplanes more than anything else so billions of dollars of impact throughout the economy. Lauren thanks for the time this morning. Happy holidays to you. To you too. Thanks. Tracee boeing a stock well be watching today. Right now, lets take a look at how your money is moving on this Christmas Eve morning. Futures are pointing higher, dow futures up by 17, s p 500 up by 1 and three quarters, nasdaq futures up by 4. Its a shortened trading day today. We could be kicking off a stan take clause rally today which would last the last five days of december and first two of january. Twitter taking steps to protect users from trolls but this time were talking about users with a medical condition. Keep it here on fbn a. M. Last christmas i gave you my heart. The very next day you gave it away. This year, to save me from tears. Ill give it to someone special. Tracee more selfdriving cars are coming to california streets, just shrie just like td them. Joining us now, brett larson. The streets of california, if they arent crowded enough with cars in general and cyclists in those lame scooters that everybody likes lauren tell us how you really feel. The state has approved light duty delivery vehicles. So not necessarily like the waymo Driverless Cars weve seen in tests, these will be things like delivery vans under 10,000 pounds. This will be kind of interesting. This is right in amazons backyard where they can literally california is in their backyard because amazon is in sat l hell. This will allow them to use sought mated delivery trucks. Youve seen this in science fiction. In black mirror, you may

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