Transcripts For FBC FBN AM 20171102 : vimarsana.com

FBC FBN AM November 2, 2017

Trying to the base of england stands ready to hike Interest Rates for the first time in over a decade. Stocks pared down across the board. Cheryl still in rally mode. Stocks in china falling amid concerns about Interest Rates. Lauren houston, we have a winner. Two months after hurricane rv, the astros win their first world series ever. Fbn am starts right now. Cheryl 5 01 a. M. In new york. Thursday, november 2nd. M. Cheryl casone. Lauren november 2nd already. Cheryl attacks the incumbent fed chair and world series winner. Lauren a day of answers. We begin with this. The winner in the world to tasha pointer on powell to replace janet yellen is the next fed chairman today. The wall street journal reports palace and notified the president s decision he appeared on fox business. Adam schiff. Jacksonville earlier this year talking about the qualities of fed chair should have. I think it helps to have a deep knowledge of fed operations. I think it helps to have knowledge of the Economic Issues that we face. I would say one of the more challenges to focus on one of the more challenging aspects of the fed chairs role is that she has to she deals with all of their 18 members of the market committee. It takes a lot of patience. Cheryl janet yellen was also in the run for the job prefer the term expires in february. Powell expected to continue the unwinding of the fed stimulus policy and the economy continues to expand. Lauren finally here. Set to unveil its longawaited tax reform plan today. Members of the tax house in ways and Means Committee to raise revenue that help offset the proposed tax code. Lawmakers from high tax states like new york, new jersey, california still unhappy with the plan to eliminate and local Tax Deductions. The other big question other big . , 401 k plans. Republican says his party will not change the 401 k contribution limit to help pay for the tax cut. We get details later this morning and we will carry the gop announcement by the 11th of teen a. M. Eastern right here on the fox business network. Cheryl for more on for more than the republicans big day. For those waiting on tax reform, panel economist peter marie chi chi peter morici. When you start with you on that issue of the economy. So much of the plan is dependent on the economy growing. They can make the cut that theyre trying to get revenue nature of that theyve got to get 3 gdp growth. You think thats happening . We have to get stronger gdp growth this year. The question is will the tax cuts pay for itself and i dont think so. We are going to cut taxes three quarter 1 . Thats what 150 billion is. Somehow that translates into 3 or 5 gdp growth or spelling. Its own research before becoming the white house chief economist indicates that. We are going to get benefits out of it at likewise the critics on the left is just a tax cut for the wealthy and not a positive effect on investment just being political. Turning to you gynecologists want because you still got a lot of lawmakers like new york, new jersey and california still not on board. The state and local Tax Deduction getting rid of that has been so controversial as well as the issue of 401 k s. What are you hearing from sources in washington . Theres an enormous amount of work to get to the point they are right now and they have a chance to from the tax code for the first time in a generation. This will happen in the next three, three and a half weeks. We finally will see the text of the bill as its been introduced in the house. Theres been a lot of discussion, a lot of members havent been part of the discussion so far. Today we get details on what it means to state and a local Tax Deduction. I dont think they will put that in their folly, but they will put in the property Tax Deduction and cap it at 10,000. This is the beginning of the process. The markup and ways and means. Try and get it out of the house by thanksgiving, over to the senate and get back to the president s desk by end of the year. An aggressive timetable, but a great sense of urgency. As email, the market has priced in tax reform and so they have to get it done now. Cheryl peter, i may speak as an economist, but youve been watching this play out for years. This is a very aggressive timeline. Can they pull it off . They can pull it off. Three or four senators they really are part of the Republican Party when it comes to voting on Economic Issues. Collins, caputo and makowski to name three. This would all be easier if we could tackle the entitlements program, l. A. Scene adult men perfectly capable of working and refuse to work shouldnt get food stamps and medicaid. If we could make those cuts in entitlement, we could cut personal rates much more than 75 billion it would be much easier to accommodate eliminating solids and lower with enough that people say im getting enough that i can live without state and local Tax Deductions because my rates are going down enough. When youve got a senator like collins who will vote against anything that touches entitlements, its hard to get this done. Cheryl thats a bigger question. The devil be in the details later. Is your john mccain, bob corker, well take a corker, will they go against the president out of spite . Mccain is kind of the deciding factor. Yeah, health care is not the unifying issue for republicans that tax reform is. Given that they felt the first time in the two senate on health care, it makes passing tax reform all the more urgent. They will find a way through here. Once the house bill passes bill passed its own bill and once that happens to put a conference committee. Theres a good chance here. Cheryl i like the positivity. Weve been waiting for this for a long time. Thanks to both of you guys. Appreciate it. Lauren President Trump strongly condemning the men who carried out the deadliest terror attack since 9 11. The president treating new york city terrace was happy if he has to hang the isis flag in his hospital room. He killed eight people, badly injured 12, should give Death Penalty. The president saying the United States would be immediately implementing much tougher extreme vetting procedures. The safety of our citizens comes first. The white house that in the present days open to Guantanamo Bay military prison for the 29yearold has been formally charged with terrorism a day after he mowed down cyclists and pedestrians at the rented home depot drug near the World Trade Center memorial and halloween even a crime scene about a mile long. Trendy with this new video shows except for being chased by police. He told them he felt good about what he did on halloween night. He planned to do this on halloween night for the crowd. Investigators found violent isis videos and images on his cell phone. It appeared mr. Saipov had been planning this for a number of weeks. He did this in the name of a service and along with the other items recovered at the scene was some knows that further indicate that. Prosecutors say saipov plan to continue striking pedestrians on the brooklyn bridge. That wouldve been the other i love manhattan. To hear Police Officer who shot downed sub for speaking out for the First Time Since the attack. Although i feel we were just doing our job, i understand the important the role he played and were grateful for the recognition he received. Cheryl victims included five people from a fiveyear reunion trip. Lauren betterthanexpected earnings, but investors have Major Concerns going forward. Train to some of the headlines making news this morning. Lauren facebook continuing dominating and reported a 79 jump in profits. However, shares down 2 in afterhours trading although it is that more than 59 this year. Numbers on the day lawmakers on capitol hill build facebook executives on the role social media played during the 2016 president ial election and link to russia. Facebook said it would invest more heavily in his safety and Security Operations to address the growing scrutiny of its power and influence. Train today fairly calm part of the political fabric if you will. The catholic worker they are really rough. A lot of good news coming out of this. Tracee tasso reported its worst financial quarter robert posted a loss of 1,926,000,000,000 compared with 22 million a year ago. Tesla reported issues with its model three sedan. It aimed to make thousand model threes a week by the end of this year the ball reached the milestone until late in the First Quarter of next year. It attributed the primary plan of Battle Assembly battery pack and lauren light, how is it doing competitively . Lauren red light, coors light, middle on trent miller light are losing a finger to craft beer. A few less sales to retailers fell 3. 9 in the third quarter, anheuserbusch combine both brewers sold to. 6 million fewer barrels over there. Peer train to craft Sayfullo Saipov are good. People like them. Thank you so much. See you later on in the show appeared Houston Astros are sitting on top of the baseball world this morning. Two months after Hurricane Harvey devastated after they beat one of the most exciting number. The victory gives the astros their first title ever. The fifth homer tying the series by Reggie Jackson back in the team 77. A lot more highlights coming up in sports. Rl jared matt. Lauren coming up, is suspect on the run after three people were shot dead in a Walmart Store in denver. A former new york monster who went into the Witness Protection Program now accused of stealing dollars from Business Associates we will be right back. Open an account today. Cheryl welcome back. A statue carved on whats happening now. A manhunt underway in suburban denver for a man who fired a gun inside a walmart killing three people. Police say he entered the store and fired a handgun into a group before he fled by car. Investigators released in security of that suspect. Hollywood wedding sexualharassment crisis now with another prominent director the accusations. Reverberations reaching back 32 years. Dustin hoffman come forward to apologize for allegedly 13yearold intern in 1985. A mobster witness protection accused of stealing millions. The Arizona Republic reports that frank cho used government provided identity to negotiate the deals to build toby keiths restaurant to developers and he just walks away tens of millions of dollars to pay for construction. That is what is happening now. You can take the monster that she cant take the mob out of the monster. Lauren investigators now pour into the details of new york terror suspect substitute trying to find out what led to the attack on tuesday if he was on the radar and he was. How is he able to pull it off . Former cia operations officer. Good to have you. Thats the question. How do we miss it . He was interviewed in 2015, with that as a contact to so many potential terrorists. So how did we miss it . We missed it because we are not nearly aggressive enough in their we investigate after people are already dead away for already dead and were going to change the paradigm to get ahead of this thing. Lauren do we have the tools with which to do that . I dont think its a matter of not having the tools are knowing what needs to be done. Its a matter of pluto will. We simply are inhibiting the people doing this from being as aggressive as we need to be. Because we are too politically correct . 100 . People are afraid of being as aggressive in pushing the envelope as hard as they need to. Lauren saipov lived next to the new jersey mosque he lived. The Police Department for years for surveilling neck, sending undercover agents and end a few years ago that ended because youre not supposed to target people based on race and religion. Do we need to do programs like that again . I think thats exactly what youre talking about. Human intelligence. It happened in new york people were pulled back and all across the country under the Obama Administration and we really have not change direction sufficiently yet. Cheryl in terms of our technology, our ability to find the social Media Networks and Technology Networks of potential terror, do we have the ability to get them out way . Yet again come i dont think this is not doing what needs to be done, not having tools and technology. Its political will and that bone. You have to stand behind the people you have to go do this and we have not been doing so. Lauren came to the u. S. In 2010 but he was radicalized here. How does that happen . Someone who is owed to businesses come to businesses, living the american dream. We welcome into our shores and it is radicalized in our country. How does that happen . Increase in the athens via social media misses a key part of the equation. This is not as simple as stopping people coming in who are radicalized. Basis is recruiting people inside the country. In fact come as Something Like half of the people in the fbi radar connected devices are actually converts to islam. They were even born muslim. Cheryl do think that as someone not assimilating to the american way . I do. Lets put it this way. This is an ideology preys upon people who have weaknesses if you will. The same as terrorist ideology seen all over the world and they are really good at it we are not counting them. Train to thank you for your input this morning. It really is a disgusting story when you hear about what hes doing from his hospital bed. Asking for the isis flag and saying that he is happy he was able to kill so many people. Train to the question now is every getting too complacent when it comes to these threats. We need to really up the vetting process. A lot more on that coming up on this show. Coming up next, volcanoes can be deadly and dangerous. They make for great movies. We will tell you about one real volcano in iceland that could hurt your travel schedule and its going to feel like summer in the northeast. But its snowing out west. Fox senior meteorologist janice dean has the forecast. You are watching trendsetting. Fbn am. [vo] progress is an unstoppable force. The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats 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. Lauren at icelands doomsday volcano may soon erupt. Multiple earthquakes over the last week have built up pressure in the magma chamber. Corruption could affect Airline Passengers believe it or not. Two years ago in 2010, 10 million travelers first train did after another volcano in iceland erupted at 10,000 thousands of tons of hash and begin a major visibility problem in europe. Train to it and they feel like summer here in the northeast but it feels like winter are wise. Truth researcher forecasted senior meteorologist janice dean. Reporter warmer than average for the country. 46 in chicago, cooler across the Northern Plains but not really cold. So much of the country dealing with aboveaverage temperatures. We are watching potential for showers mainly across the interior northeast of those parts of the northeast. Our next big weather maker across the northwest. This messy weather could cause trouble delays to be aware of that. Watching this exit in the next big storm system across the northwest that the first significant snowfall for us here at nevada across northern california. The big system as we head into the weekend. Back to you ladies. Trade to them a little bit worried about marathon sunday. Just email me and ill give you a personal forecast. Train to that kind of what i mean because im flipping out. Thanks, janice. This is my fifth . This marathon. Lauren that is amazing. Cheryl its not impressive in the rain. Lauren the new iphone 10. I might get an update later today for last quarter. King ceo tim cook keep the profits rolling in . If youre planning to travel for thanksgiving, pack patients. It is going to be a recordbreaking holiday. We will be right back. The building a website in under an hour is easy with gocentral. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Lauren breaking news this morning. We have a winner. President trump to make Jerome Powell the most powerful banker in the world. Who exactly is the new fed chief . Lauren of a plan on paper. House republicans to release their tax plan later this morning. Believe it or not, still party infighting. Train to isolate that. President trump same in a yurt terror suspect is urged the Death Penalty. Sayfullo saipov felt good that he murdered eight innocent people. Lauren tech earnings on task both following after their result. Future is now pointing to a lower open. True to the bank of england ready to hike Interest Rates for the first time in more than a decade. In asia, japanese stocks in rally mode. The nikkei up half a percent from the stocks in china falling amid concerns about global Interest Rates. Cheryl if you havent booked your flights for thanksgiving, you need to get on the stick. Fbn am continues right now. Good morning. 5 31 a. M. In new york at thursday, november 2nd. Lauren simonetti. Chery

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