Transcripts For FBC FBN AM 20171116 : comparemela.com

Transcripts For FBC FBN AM 20171116



to 55 cents a barrel. lauren: stunned by the death after wal-mart and best buy may set the tone. dow futures up 60 points. train to europe stocks to pick that the lower fractionally. cac down higher pay one half of 1%. lauren: stocks rebounding. the nikkei in japan racing when put by% and the cost in south korea chaining half of 1%. turn into a painting by leonardo da vinci smashes all previous record and goes to an unknown buyer for $450 million. most expensive piece of art ever sold. "fbn:am" starts right now. lauren: 5:01 a.m. in new york. good morning. i went in the navy. drink your way gabriel and four cheryl casone. lauren: on to know who drive past a billion dollars on a piece of art this morning. house republicans are expected to pass their tax reform bill today and president trump is to speak ahead of the vote. 240 seats in the house. democrats have 194. democratic leaders holding a family against the republican plan. >> they throw a scrap to the middle class, provided banquet to the wealthy and corporate america. transform america in doing so. we will not let that happen. kill the bill. lauren: republicans optimistic it will pass in the house. this is that the president traded last night. white democrats fighting massive tax cut. the reason, obstruction and delay. turn to the senate finance committee set to vote its version of a tax plan the one dropped a bombshell. adam shapiro in washington with more. reporter: good morning to the senate finance committee could go much later today, most likely tomorrow on the tax reform measure intended to the full senate for a vote. late wednesday afternoon, senator ron johnson from wisconsin dropped a bombshell saying he would vote no on the bill as is. so the potential to bring him back into the republican camp. the other issue getting a lot of attention a lot of attention is the repeal of the apothecary individual mandate. democrats say this is a backdoor attempt to get rid of the affordable care act. republicans in the administration say no it's not. this is a middle-class tax breaks. here's what mark short from the administration says about it. >> it's middle-class tax relief. 80% on apothecary taxes are those earning $50,000 or less. repealing the tax will be beneficial to working families. >> the house of representatives will vote this afternoon in the tax reform plan. senate finance could vote later today, most likely tomorrow sending its version of tax reform to the full senate for a vote after thanksgiving. back to you. lauren: susan collins, jeff flake about corker expressed concerns they've not signaled which way they would vote. we will see. a day after returning home from his 12 day five nation tour, reiterating his message is putting america first in the current trade landscape is not fair for the united states. >> weekend no longer tolerate unfair trading practices with wealth and intellectual property. the day that the united states being taken advantage of our over. >> at north korea the president praised the leaders of the countries he visited including china for agreeing to step up pressure. >> we made that time is running out clear. options remain on the table. >> the longest trip to asia by an american president been more than a quarter century. lauren: activist investor on p&g supported saying not so fast. >> tracee carrasco joins us with more on that. good morning. >> good morning, ladies. try not to impose claims victory in his fight to in his fight to win a seat on procter & gamble's ford after recount of votes was released yesterday. according to reuters, p&g says wait a minute from the tally to a challenge. they rose about 3% after-hours trading that investors are welcoming the effort to make some changes. >> let's talk about toys for a second. >> absolutely. toy maker mattel has reportedly turned down rival hasbro's approach permits also said that the proposal undervalues the company and is not taken into account the regulars could reject a bill based on antitrust regulations. that comes from reuters. it's unclear if negotiations will continue but this isn't the first time they try to team out. the companies have been through multiple rounds of talks over the last two decades. i was at a dinner last night and when we got this alert on her phone that the painting sold for was sold for the record amount of money we restarted. tracee: this is my favorite. the day. leonardo da vinci recovered 450 points we make it the most expensive work of art ever sold. they sold last night at the auction house. the winner of the 500 euros painting titled salvatore savior of the world hasn't been identified. the estimate for the painting was around $100 million. this is a 19 minute bidding war. the bid came over the phone in increments of $10 million. lauren: for painting not too long ago was thought for what? trade to be displayed this around the world. i'm 27 million people worldwide. hong kong: intimacy with cisco and really built this event. thank you coventry c. good to see you. >> a big publishing deal. "wall street journal" reports billionaires in several banks have agreed to provide financing. a source says a subsidiary of koch industries with a 10 and say there's no takeover talks underway. talk of the deal comes as the magazine industry tries to adapt to digital media. shares down 30% so far this year. at&t now asking customers to start your found because they received dozens of angry reports of outages. if you experience an issue, please restart your device. this may be required multiple times. that should resolve the issue. after many customers complain that didn't work on the at&t asked them to turn airport and mode on and off again and some customers said there were. we will see. shares of at&t down 20% this year. i thought it was just ignoring me, but he wasn't receiving many phone calls. he was telling the truth. coming up, to learn in accusing candidate roy moore, how his lawyer is fighting back. the major days for tax reform as the house prepares to vote on the tax bill twist of growing opposition in the senate are showing. political panel will weigh in. you are watching "fbn:am." stay with us. the hispanic and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. lea: two people come forward accusing where were misconduct. one was her law office while he was married. you go to settings team setting sights on discrediting one of the accusers. the woman claiming her first insult when she was 16 years old offering the yearbook or what appears to be way more signature as evidence. >> how old is that ink? is it four years old or a week old? release the yearbook so we can determine is a genuine or a fraud. lauren: system he's never met the user after they distance themselves from the alabama candidate. a gruesome discovery in northern california as the body of kevin neil's wife was found underneath the floor in her home. investigators believe the 43-year-old gunman murdered his wife before going on a shooting spree killing four people and wounding 10 others including a six-year-old boy. the alleged killer's mother was in a dispute with neighbors among the dead. in released documents reveal the fbi's investigation into hillary's click and e-mail scandal is given a special status. dana from deputy there said a small group of high-ranking people controlled the probe during the election while lawmakers called for attorney general jeff sessions to appoint a special counsel to investigate involvement in the rainy one deal. clinton spoke calling the idea something you'd see in a dictatorship. >> where people are unfairly fraudulently this wrapped up by five break the contract we have that we can trust our justice system. >> still in control of the institutions that let the generals are calling as they are detaining allies. western diplomats believe the takeover could mark the end of the 37 year old brain. that is what is happening now. très grand believable. head of a critical vote on tax reform. house leaders hoping to get their legislation on the president's desk before thanksgiving, but there is growing opposition in the senate. can republicans get this done? coeur d'alene, kirstin haglund in the dean of economics at florida atlantic university dan rather. good to see you. >> idc appears >> good morning. trying for the hospice, and they passed their version of the tax reform. they can only afford two years tomorrow. do you think they have this in a house? >> they do have votes in the bag so to speak, but it's really important for the economy, for the republicans to deliver on its promises. lauren: kirstein, diverse and deal breakers and one of them would be the state and local tax deductions, particularly in the northeast. dear congressman peter king says he could lose all the seats in the northeast that they don't do anything, what do you think happens? >> it's interesting because there's major differences between the house and if it does get past which it likely will, house speaker paul graham has indicated he does have some votes, but the senate version is much different and while the house bill says we will leave some parts of the property tax reduction in their for these blue state in the northeast that have higher taxes, keep the property tax reduction, but everything else gone. the senate building sad and so this is going to be an interesting process where they passed there as and when they go to conference, that's where we will be the final deal that will get a final fan says many others with a lot of republicans in some very blue states and those are districts republicans cases they might get anything past past midterm. truth or not like new york and new jersey will come out in lower property tax. the true fireworks because they seem to be exploding in the senate. we got her first voice of opposition among republicans last night among the wisconsin senator rod johnson. he is concerned about the senate version of tax reform helping big business is with that permit 20% corporate tax rate, but not helping pastors and small businesses. would you think? >> for the most part come in many people get their jobs working for big business and under the obama administration, there is a great concern about texan versions and companies moving overseas. this reform would make america much more competitive and headquarters moving back here. there's no way to do that, become more competitive without cutting rates the way republicans have suggested. lauren: yeah, a lot of people forget that people put a tax refund is to get the economy growing faster than 3% growth the past two quarters. there are concerns that senator corker, senator flake and senator collins could be against this obviously can't move more than two republican votes. collins is concerned about the obamacare individual mandate. where do you think we end up with the senate version in terms of obamacare? >> it is a great political move for senate republicans because this is a way to point to their base and say we did repeal. the key provisions of the obamacare legislation is the foundation of the way the program works is the individual mandate. it's a great political gain and political strategy. however, republicans destabilizing the entire health care market is people's premiums go up even more than they had before, they'll have a lot of blood on their hands so to speak politically. in the senate there is a company bill the alexander murray bill which is a bipartisan bill was sure is that the payments to insurers, which president trump said was going away in the payments to insurers as well as republicans ability to give the state more authority in how they implement the obamacare bill. that means the republicans can feel good about repealing the individual mandate if another bipartisan bill nature insurance market don't know. it could lead to some success in reading together among republicans on the senate. trade press about this outcome in the end of the house and senate roots develop together with the individual mandate is repealed in the end? >> the health care markets are having a great deal of difficulty anyway even if this is an enacted as part of the final tax bill. the key to our economic growth is greater economic freedom. keep reducing regulations, keep delivering on the tax cut promise in the economy will continue to grow even faster than it has. lauren: thank you so much. good to see you. lea: coming up, what do one british fare and harvey weinstein have in common? >> cooking up a storm. for breakfast this morning. lea: we're not going to ruin your childhood. we will tell you about the connection, though. snow heading into the northeast. faxing and meteorologist janice dean has your forecast. you are watched and "fbn:am." ♪ hi, i'm the internet! you know what's difficult? armless bowling. you got this, jimmy! you know what's easy? building your website with godaddy. pick a domain name. choose a design. you can build a website in under an hour. now that's a strike! get your domain today and get a free trial of gocentral. build a better website in under an hour. i love you. or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. spamming talk about a rose gallery, hideous. >> we can still hear you, mr. brown. lauren: looks at the cute movie. paddington bear has severed ties with the wind and company. warner bros. announced it has bought the rights to distribute in the u.s. and canada and that it plans to keep the film's original january release date. the film's producer is trying to break patents and have risen by ensuring the weinstein co. did not distribute the film in the u.s. you can catch the marmalade loving bear on january 12. lauren: i think i might just do that. stir in getting both coast, east and west coast this morning. before you head out the door coming thursday forecast with meteorologist janice dean. >> good morning, ladies. warmer across the east coast as we are approaching on this one so there is a slow moving in city where it's 51. behind that, our next-door system that will latch potential for cooling temperatures throughout the next couple days as the storm moves eastward. that's a storm across the northeast. the smell is basically towards canada and northern new england to warn for snow across the coastal areas of the northeast. the next big storm system as we had towards travel plans on friday, saturday sunday moving eastward than we could see towards the central u.s. and eventually towards the northeast on friday night into saturday. taking a look to the heavy rainfall across the sierra. the snow packing for the winter will cause some problems, especially in the mountain passes. your forecast nice across the central u.s., but the storm system is eastward and perhaps impact areas along the east coast. friday night into saturday my mom is traveling so in keeping a close eye on the storm system because we need her here for thanksgiving to code. lauren: we certainly hope she travel safely. thank you. ikea dressers falling over and causing neck additional deaths. now the company has a new problem. >> the table exploded during dinner. lauren: that's not a joke. we will tell you about exploding glass tables at ikea. do you have one? the retail store that has no shares. up 65 points. nasdaq gaining 27. we will be right back. if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. >> i feel real good about where we are and i think we'll see a strong rope or numbers are focused on passing the bill because it cuts tax is and will create jobs. lauren: and historic vote on capitol hill as the house prepares to pass their tax reform bill. there's a republican opposition in the senate. president trump heads to capitol hill to make another push for tax cut. lea: markets untaxed apartment to find 2.5% yesterday, oil prices lower by 6 cents at $55.27 a barrel. >> two days of selling with good earnings from wal-mart and best buy may set the tone forward. the dow up 27 on the nasdaq. lauren: europe opening higher ahead of earnings and data. but the higher by eight points. cac higher. lauren: stocks rebound in asia, japan fund by 5% this upgrade cost be a top 1%. lea: forget the mistletoe. kentucky fried chicken as a newbie to say merry christmas with the drumstick one minute. "fbn:am" starts right now. lauren: 5:31 a.m. in new york. thursday, november 16. one more alarm clock. thanks for joining us prevent lauren simonetti. lea: lea gabrielle and four cheryl casone this morning. does it smell like chicken? lauren: think it does. lea: or your hungry for chicken? breaking news this morning. house republicans to pass their tax reform bill. president trump to speak to the gop conference ahead of the crucial vote. 240 seats in the house republicans have 194. democratic leaders holding a rally against the gop plan. listen. >> they throw to the middle class, provide a banquet to the wealthy and for corporate america, transforming america in doing this. we will not let that happen. killed the bill. >> the president treating last night, why are democrats threatened massive tax cut. the reason? obstruction and delay. lea: the senate finance committee said senate finance committee said too that its version of the tax plan. one republican now coming out against the bill. adam shapiro has details from washington. >> the senate finance committee could vote much later today, most likely tomorrow on the tax reform measure and then send it to the full senate for a vote. late wednesday afternoon, senator ron johnson of wisconsin drops a bombshell saying he would vote no on the bill as is. there is still potential to bring him back into the republican camp. the other issue getting a lot of attention is the repeal of the obamacare individual mandate. democrats say this is a backdoor attempt to absolutely get rid of the affordable care act. republicans and the administration they know it's not. this is a middle-class tax breaks. here is a berkshire current administration said about it. >> it very much as middle-income tax relief. 80% on apothecary taxes are those earning $50,000 or less. repealing the tax will be beneficial to working-class families. >> the house of representatives will vote this afternoon on the tax reform plan expected to pass the senate finance later today, most likely tomorrow sending its version of tax reform to the full senate for a vote after thanksgiving. back to you. >> republican senator susan collins, jeff flake, bob corkery expressing concerns about the tax bill. they have not signaled which way they will vote, but the senate can only do two things. lea: not much of a margin. first -- now ikea is facing another explosive claim about more of its furniture. lauren: tracee carrasco joins us with more of that headlines. an exploding table? trained for this is really terrifying. ikea customers report made the glass tables, glass desks are suddenly exploding, basically shattering everywhere. the consumer product safety commission have received a dozen complaints. there is no recall, but what you look at right now the video of a dinnertable shattering while people were eating. pretty scary stuff. this is what ikea says after one and senate. our class is tested rigorously to meet high standards. over time, small fractures can affect the durability of tempered glass. it is designed to shatter to minimize the risk of injury. though we call yet. about a dozen complaints they've received. stay away from that one for now. lauren: at amazon pretty close to launching the store that doesn't have any human workers in it. tracee: they announced it last december. they are pretty close to opening in downtown seattle. this would be the first of its kind. another way amazon is disrupting brick-and-mortar stores. you basically go had come the people you want to you want to come figure out what you bought and charge your amazon account. they've been working out the kinks, all the problems that they are getting ready to open soon. lauren: her price is cheaper if they are not paying human workers any wages? i want my items that cost less. lauren: it's interesting. grab it and go. lea: laura and i really want this. kfc wants to be part of your christmas tree trimmings. tracee: because why not. kfc and launching some christmas ornaments. take a look at these. a strong stick ornament, fries, wayne, bucket of fried chicken and colonel sanders. this is a giveaway for kfc and new zealand. not sure yet what they will do in the united states is kfc will match that, do something similar. japan had a chicken scented bath bomb. last year in new zealand at a fried chicken scented candle. the fast food company always works on something wacky and it's in asia. lauren: it will be expensive you have to import it. thank you, good to see you. first the electric car is not test the the trap. elon musk has been talking about the trap on twitter for months now. over the weekend says that they said that this will blow your mind kravitz: into an alternate dimension. most other companies will have a separate mission unlimited falcon rocket tonight from kennedy space center. the rock you will go from northrop grumman to low earth orbit during a two-hour launch window. tesla shares up over 45%. >> coming up, charles manson in a california hospital. we will tell you why. wal-mart out with earnings today. we will tell you why it's all about amazon. you are watching "fbn:am." the lauren: welcome back to tampa police are asking for the public's help in tracking down a possible serial killer. officials have released video of a man they believe is a fast track teacher to have murdered four people in the past two months in a string of nighttime attacks. and $91,000 reward for information leading to the arrest. charles manson is reportedly greatly on the california hospital. the coleader orchestrated killing nine people in and around l.a. back in night 1059 is not 83 is serving multiple life sentences. manson has also been struggling with problems in recent years page reports say he's being treated for life-threatening issues. russia is throwing their south american allies abroad to restructure the debt that russia is at venezuela just has to make payments for the first six years progression finance ministry believes this time period will allow venezuela to grow economically rather than burdening them with large payments now. venezuela is cash-strapped, negotiating terms on its $150 billion debt around the globe. the head of the nation's top consumer watchdog stepping down this month. richard corder announcing his resignation ahead of the protection bureau appointed by president obama as the first director of the bureau and was set to expire next july. as for the timing of corkery's decision raising speculation that he has plans to run for the governor of ohio. lea: thank you, lauren. earnings for best buy and wal-mart. fatah chief analyst of disruptive tech research joins us at the preview. good morning, lou. >> good morning, lea. lea: listening for holiday sales on the call. after targets warning this week, will they stand a chance against the install that? >> the death sentence has been issued for brick-and-mortar. the best he can hope for today is the state of execution. if they offer a positive upbeat tone that will set the tone for the market here for retailers heading into the holiday season. when it comes to wal-mart and best buy, they are going to struggle long-term to keep up with amazon. all that matters right now is e-commerce and best buy and wal-mart are played second fiddle to amazon in every category. lea: the iphone 10 as they iphone 10 is a threat to brick and mortars this holiday season. there are some last friday deals. they have a $300 gift card towards the iphone time. wal-mart is offering., the chu also see some from other retailers. for the iphone sales help us buy at wal-mart earnings? >> will come in the iphone will be a bright spot across the consumer electronics sector that will have a trickle-down effect to help wal-mart and best buy. my thing is why bother investing in some derivative play? i think we were two weeks ago before apple earnings we predicted the expert patient the stock would hit all-time highs. with early demand we see for the iphone tennessee that have been with fourth-quarter results. choosing between apple and best buy and wal-mart and still going without bullets and investment. >> let's talk about best buy and his strategy talking about how it tends to grow its growth. how do you think that's bad e.g. we'll play him? >> they are really smart, trying to focus on the initiatives to be a solution from a tremendous growth opportunity. once again, not their bread-and-butter. they have been historically focused on not permit deviation from their core competency and they've got to see a they've got this to brick-and-mortar overhanging sky to deal with. for investors if that's appealing to you, you look for a small-cap play that is 100% focused on smartphone. again, it's going to be a bright spot for best buy and report later today. >> a quick take on wal-mart because they have a different strategy than amazon increasing prices online to get people in stores. how is that going to play end? >> a little bit confused. how does that work out? a couple items priced online versus in-store, is a dangerous strategy. consumers want simplicity, ease of use and lowest cost and now they are throwing a curveball to their customers. look, they are trying to do anything to stay relevant to amazon and not something that won't work out. trade is very hard to do. thank you. lauren: in sports, the nfl and roger goodell are upping the ante with ray jones in the ucla basketball player for shoplifting in china. a big prison term for getting immodest in very hot water. stock market futures after the record last week. believe it or not, stocks down 1% since then. you are watching "fbn:am." ♪ my experience with usaa has been excellent. they always refer to me as master sergeant. they really appreciate the military family, and it really shows. we've got auto insurance, homeowners insurance. had an accident with a vehicle, i actually called usaa before we called the police. usaa was there hands-on very quick very prompt. i feel like we're being handled as people that actually have a genuine need. we're the webber family and we are usaa members for life. usaa, get your insurance quote today. ♪music ♪you fill up my senses ♪like a sleepy blue ocean ♪you fill up my senses ♪come fill me again retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. lauren: nfl and cowboys owner jerry is escalating. the league sent a letter to jones attorney telling him the behavior was damaging the late and threatens to sue the nfl over a contract extension for commissioner roger goodell. and the latter the lake reportedly says they are detrimental. that's the warning his fellow owners are not ruling out sanctioning as a result. >> the ucla freshman shoplifting have been suspended indefinitely. angelo, cody rally in jail in admitted shoplifting sunglasses and they apologize for their actions. they think president trump was credited with securing their release after a conversation with a xi jinping. thank you for taking the time to intervene on our behalf. we appreciate you helping us out. i'd like to think president trump in the united states government for the update provided as well. >> thank you for the united states government and their health. during the ucla is considering suspending the players for the entire season. lauren: was nice for them to apologize but you just don't steal. lea: when you go to another country as a sports team you're actually an ambassador in the nature member that. lauren: jared maxes here. >> good morning. last night central arkansas got their money certificate like to overtime. they were tight 90th piece until chris wilkes knocks down a three-point shot lead for the bruins. ucla on its next turnover -- the next possession and they survived 106-2101 victory. keeping things in los angeles and with the ball family. e3 back in june after the lakers drafted overly angelo ball who was suspended. send the message to teammate and cement. please don't gone him. so hard that his daddy runs on the court to save him. first meeting between the teams last night. the defendants simmons goes by lonza ball, through a synagogue. beat the lakers won 15-109. 46 points, 15 rebounds and seven blocked shots. dallas cowboys running back ezekiel elliott has thrown in the towel. elliott has expected. the running back will miss five more eligible to return christmas eve against the seattle seahawks that while the minnesota vikings announced yesterday they are sticking with the quarterback against the rams on sunday, the buffalo bills made a surprise move and turn to the peterman catalog for the next quarterback, nathan peterman. rookie quarterback fifth rounder out of pittsburgh for sunday's game against the chargers. peterman played bop of duty against the saints. five in four record doesn't understand why he's being benched. >> just disappointing. like i said i don't agree with the decision, but ultimately what he feels is best for the team as well as the amazing jihad. i have to move forward. train to week number kicks off tonight. tennessee titans. berkshire is there is one i've are he's beat out clayton kershaw for the younger suspect that you're in a row in the best pitcher in the league. corey clover one and beat out the red sox. tonight we find out who the mvp desire. we haven't seen a good hockey fight in a while. gingerbread rings and calgary flames for those of us who like to see on the ice can be broken out 8-to win. they were going at it ugly. this story doesn't quite compare a mobile, alabama, police responded to a situation where two men got into an argument apparently in one fan says he's the better team, auburn or alabama. guy gave the wrong answer and he got shot in the thigh. lea: i like the fighting. hockey fights are awesome. i was a figure skater growing up. >> did you ever get into hockey fight by chance? lea: now, but they used to get really not about the holes would make in the ice, but they were never getting into a fight. thank you. you're at max. lauren: fox news headlines and sirius xm channel 115. coming up, not real people of course, but zombie companies could drag down the recovery in europe. "the wall street journal" details when "fbn:am" continues. helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ my "business" was going nowhere... so i built this kickin' new website with godaddy. building a website in under an hour is easy! 68% of people... ...who have built their website using gocentral, did it in... ...under an hour, and you can too. type in your business or idea. pick your favourite design. personalize it with beautiful images. and...you're done! and now business is booming. harriet, it's a double stitch not a cross stitch! build a better website - in under an hour. free to try. no credit card required. gocentral from godaddy. lea: a play on words. hundreds zombie companies hunting hurts recovery. sub for gold from "the wall street journal" joins us now to explain. good morning. >> good morning. oppose thailand look at a lot of very old highly indebted companies in southern europe that basically can just about afford to pay the interest on their loans. but not really in faster make any form of profit and recently they did it looks like there's been a huge uptake in the companies. largely thanks to years of really, really easy monetary policies that's cheap for some of these companies that could have died and made way for new ones to barely stay afloat end quote the sheriff companies across southern europe. lea: you know, we just realized essentially this is focused on selling here in the u.s., riva. european stocks before today were down seven days in a row. is that correct? >> that is right for the longest losing streak in about a year and actually much more painful in europe and the u.s. in addition to the general worries in the market about how we climbed to five, two fast and what is going on and commodities. her passing a lackluster earnings season that's actually lagged behind most of the rest of the world and struggling with the effects of the stronger euro on shares the stronger euro on shares of multinationals as they can to translate revenues back. looks like a bit of a turnaround today. >> a global turnaround today. thank you for joining us. >> thanks for having me. lea: thank you so much for joining us this morning on "fbn:am." lauren: good morning to maria bartiromo. one is that murray starts right now. >> good morning. thursday november 16th at 6:00 a.m. on the east coast had president trump taking the hill. commander-in-chief will travel today to help ramp up support as the white house pushes for the latest and largest tax code overhaul in our nations history. the house prepares to vote on their bill not all republicans in the senate are on board. >> we are all dedicated to getting results here. tax reform is really going to grow our economy and put more money in every american's paycheck. >> if you want to destroy the republican party, without on tax cuts. we've held on health care but if we can't pass a tax cut with working men and women out there, what good are we?

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