Transcripts For FBC FBN AM 20240714 : vimarsana.com

Turn off the lights, it could be making you pack on the pounds. Details on this new study that will have you pulling the sheets over your head, good night. It is tuesday, june 11th. Fbn a. M. Starts right now. Cheryl here is how your money is moving at 5 00 a. M. After reclaiming 26,000 yesterday on the heels of six days of gains, futures once again higher as you can see, dow up 81, nasdaq up 40 andahalf. Taking a look at the yield on the 10 year treasury right now, this affects your borrowing rates on everything, right now up a basis point, the yield at 2. 16 , definitely off of calls by analysts earlier in the year. Oil ending lower monday, worries about Global Growth questions this morning, is russia going to extend production curves. Stocks in china led asian markets higher, despite fresh threats from President Trump of more tariffs. All of the major averages there in particular, taking a look at the hang seng and shanghai composite up more than 2. 5 . Interest rates the topic in europe, the ftse and cac are higher, the German Market is closed. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren President Trump is threathreatening to slap additil tariffs on beijing if he doesnt meet with xijinping at the g20. Cheryl this comes as china releases trade data suggesting its economy is slowing. We get more on that part of the story from our very own edward lawrence. Reporter the imports into china fell sharply in the month of may. If you look at soybeans, soybeans alone fell 24 , imports into china. Some exports all exports, actually, out of china rose in may. Some analysts say thats because companies in china are rushing to get orders you out on a boat before the g20 summit. President trump could impose tariffs on Everything Else china imports into the United States if the meeting goes poorly or doesnt happen. I think president xi of china, great relationship with him, i think hell be there. We are scheduled to talk and to meet. I think interesting things will happen 123450 thhappen. Reporter the chinese president said he does want a deal. Its hard to imagine a complete break of the United States from china or of china from the United States. We are not interested in this. And our American Partners are not interested in this. President trump is my friend and i am convinced he is also not interested in this. Reporter and regardless of the talk, both sides are still posturing. The u. S. Going forward with putting basically Everything Else china imports under a 25 tariff. The public hearing for that will be next monday. Back to you guys. Lauren edward, thank you. Treasury secretary Steven Mnuchin will speak today in washington. New chohe discussed trade issuer the weekend at a meeting in japan. That was the first high level meeting between u. S. And chinese officials since talks between the two countries broke down last month. Meanwhile, theres this. The wall street journal is reporting that the u. S. Energy department is taking steps to protect its scientists from being recruited by china. U. S. Officials say Energy Department researchers are being recruited by military affiliated groups with the promise of multimillion dollar packages, part of an effort to protect government science programs from intellectual property theft. Cheryl the Trump Administration responding to doubts from critics after the immigration deal with mexico. President trump is standing down on the tariff threat as long as mexico does its part. Lauren Jillian Turner joins us live from washington. Reporter President Trump is firing back at critics who cast doubt at the deal struck friday with mexico that stops tariffs from hitting the United States southern border. Now, the administration is back on the president s good side. When you think of it s. Mexico is doing more for the United States as of now than congress and specifically the democrats. They have to get their act together. Reporter a key part of the agreement is to keep mexicans seeking asylum in mexico while the application process plays out. The president says tariffs could still become a reality if mexico doesnt live up to that end of the bargain. But mexicos Foreign Ministry made clear yesterday its got no plans to criminalize migrants crossing through mexico, en route to the United States. Mexico would never do that and much less this government. Just because someone wants to move, that doesnt make them a criminal. Reporter the secretary of state came to President Trumps he defense, hitting back at critics Like Senate Majority leader Chuck Schumer who called the deal warmed up leftovers. Theres some reporting that ththatsays the countless hours e nothing, they amounted to a waste of time. People here believe this us an important set of agreements. Reporter coming up later this morning, 10 am, well hear from the acting secretary of homeland security, hes scheduled to testify in front of the Senate Judiciary committee on all of this. He told fox news a solution to what he calls the Immigration Crisis will require not just cooperation from mexico, but also major changes to u. S. Law. So, thats over to congress. Cheryl Jillian Turner, live in washington. Thank you. Lauren theres more on capitol hill today, big tech in the hot seat as the house Judiciary Committee will hold a hearing this afternoon on anticompetitive practices among tech giants the hearing is expected to focus on the ways the Big Tech Companies have changed the landscape for the news industry as many newspapers say google and facebook are threatening their survival. Meanwhile, Elizabeth Warren is urging the assistant attorney general to he recuse himself from any Department Matters involving google and apple, citing prior work that he did lobbying for both of those companies. Cheryl well, democrats plan to vote on Holding Attorney general william barr in civil consistent tempt toenforce subpoenas, despy nadler saying he is putting calls for contempt on hold. Lauren the committee began a series of hearings to determine if President Trump obstructed justice. Lauren blanchard has details. Reporter the key witness at the Judiciary Committee hearing was john dean, frequent trump critic. Johns been a loser for a long time. We know that. Reporter democrats are Holding Hearings to dig deeper into obstruction of justice by President Trump after Robert Mueller said he could not come to a conclusion on the charges following the russia investigation. Dean, a star witness for watergate, was brought in for historical contexts. He says he sees parallels between nixons administrations and President Trumps. Special counsel mueller provided this committee with a road map. Reporter ahead of the hearing, the Justice Department agreeing to turn over some of the underlying evidence from the mueller investigation, including files used to determine whether or not the president obstructed justice. We have a responsibility to do this work. The chairman is showing the priorities. The priorities were from november 2016 it appears we have an issue with who got elected president. Reporter chairman nadler says democrats will hold off on a vote to hold attorney general barr in contempt of congress, instead, theyre planning to vote on a resolution that would allow the house to sue for the testimony of barr and former white house counsel, don mcgahn. This efficient approach will allow us to walk and chew gum at the same time, to hold the president accountable while continuing to deliver for the american people. Reporter this isnt the end of the hearing for house democrats. More are planned this week focusing on obstruction of justice and Trump Campaign connections with russia. In washington, lauren blanchard, fox news. Lauren here are other headlines making news this tuesday. Investigators are combing through the wreckage of a helicopter that crashed on the roof of a building in midtown manhattan yesterday. The helicopter was flying in restricted air space and in rain and fog when it crashed. The pilot was killed. He was the only person onboard. Hes been identified as tim mccoremack, a veteran pilot and former volunteer fire chief from upstate new york. A poll low Global Management is getting into the photo business. Its buying shutter fly and snap fish which it plans to combine into one. Snap fish is privately held and no price was listed. The online photo business has become challenged as more users prefer to share pictures on social media. The workplace messaging app, flag, is releasing the last Earnings Report as a private company. With the ipo expected next week, they expect revenue to grow by as much as 50 in the current fiscal year, reported double digit increases in sales during the first fiscal quarter. It will trade on the New York Stock Exchange under work. Amazon is offering a new credit card for consumers who are looking to improve their credit score, called the amazon credit builder card. Anyone who opens one will have to make a security deposit. It will have the same benefits as amazons regular store card and can only be used for purchases on amazon. Kraft believes it has the answer to get kids to eat vegetables. Its describing ranch dressing and putting it into a tube that looks like cake froster and frod calling it salad frosting. Some kids might know the difference. Cheryl lets take a look at futures this morning on your tuesday. We are extending the gains that we clocked in yesterday. The dow breaking 26,000 yesterday. At this point were still above it, dow up 82 in the premarket, s p up 9 andahalf, nasdaq up 40 and three quarters. Big tech in the hot seat today over allegations of anticompetitive behavior and huawei under fire also. Will consumers ultimately be the ones to suffer . And think youve got a good poker face . Well, how your face could affect your credit. Youre watching fbn a. M. Lauren ive got a great poker face. Geico makes it easy to get help when you need it. With licensed agents available 24 7. Its not just easy. Its havingawalrusingoal easy roooaaaar its a walrus ridiculous yes nice save, big guy good job duncan way to go [chanting] its not just easy. Its geico easy. Oh, duncan. Stay up. No sleepies. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. Dear tech, lets talk. We have a pretty good relationship. Youve done a lot of good for the world. But i feel like you have the potential to do so much more. Can we build ai without bias . How do we bake security into everything we do . We need tech that helps people understand each other. That understands my business. Weve got some work to do. And we need your help. We need your support. Lets expect more from technology. Lets put smart to work. Heannouncer more details incoming involving volkswagen and the growing scandal. Dissatisfied customers filing complaints against the german auto maker. Because a vision softly creeping left its seeds while i was sleeping and the vision that was planted in my brain still remains within the sound of silence in restless dreams i walked alone narrow streets of cobblestone when my eyes were stabbed by the flash of a neon light that split the night and touched the sound of silence cheryl the house Judiciary Committee set to hold a hearing on anticipate competitive practices among Technology Giants today. Lawmakers expected to focus on the ways that big tech could be hurting revenue of news companies. Tech analysts and big eye wish founder, ian wishinggrad joins us this morning. Google made nearly 4 billion in revenue tied to the dissemination of news and now news companies, looks like theyre going to fight back today in this hearing. The news industry is in an insane disruption, because usually they make their money where you would go directly to them to get the information. Now you google things, they play middleman and they control the user and make the money. So its a fair complaint on their part. Cheryl were going to monitor the hearing today. Got to talk about huawei. That is a big piece of the chineseu. S. Trade fight. Youve got the acting budget administrator saying u. S. Companies need time. The phones huawei makes will be stripped of popular apps consumers use. A lot of folks wont be happy about had this. When they say they need time, theres a weird Global Supply chain that happens and so many people, the Small Businesses get crushed during this because theyre the ones theyve got big huawei contracts and then if you just pull whatever you call that thing, the thing on the table cheryl the table cloth. You pull that off, that kills them. They want time to be able to find ways to sell their business. It disrupts the supply chain. Cheryl the huawei phones arent in the United States they are in the phones. Its the cheaper parts. Cheryl the consumer is what im talking about. Yes, to the consumer angle, the real issue is if huawei no longer gets to use android, which is the operating system, facebook, instagram, those are designed for android. Huawei has to create their own inhouse operating system and they need to get the apps we love to go into their app store. Cheryl huawei is acting App Developers to get on board with them. If youre an app developer in this country, do you want to make that gamble right now . No. Cheryl there you go. And todays hearing youre not expecting fireworks or you are . I think it will be interesting from a revenue perspective. I think this is there are so many conversations and subtexts to every one of these things that everything is going to be looked at through multiple lenses. Cheryl thank you so much. A lot to cover. Well see what the hearing brings us today. We want to let you know that andanandy purdy will be joining mornings with maria in an exclusive interview, 7 00 a. M. Eastern time. Lauren lets take a look at the action on wall street this morning. The dow is up 100 points, the seventh day of gains in a row. Just 3 from a record high. Nasdaq gaining 46 points this morning. Thats about 4 from its record. Still ahead, President Trump going head to head with former Vice President joe biden at competing events in iowa today and as biden looks to win over the democrats, is alexandria ocasiocortez looking to knock some of her fellow democrats out of office . And the quest for the womens world cup glory begins today for team usa. Carlie shimkus live in france with a preview . Its the moment every soccer fan has been waiting for, team usa set to enter the 2019 world cup in a few hours. The anticipation has been building. The fans were going wild last night. I am going to bring you all the excitement coming up next. Fire ball. 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. Expedia. Hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Lauren President Trump is heading to iowa today to tour Renewable Energy facility and to talk about gasoline and using ethanol in it. The former Vice President joe biden will be across iowa at iowa westland university. Polls are showing biden as the frontrunner of the p democratic candidates, although his lead is narrowing. Given the importance of iowa during election time, is this the first big squareoff for whats to come. Lets bring in Washington Examiner reporter, emily larsen. Theyre both there, different parts of the state. Whats the message from camp biden and camp trump . Reporter camp trump is trying to give is message to the people that hes been a job creator, that hes led the country back into a booming economy. Im sure hell say that when he tours the ethanol plant and speaks to a republican fundraiser today. Joe biden will make the argument that donald trump has dramatically and drastically altered and changed sort of the core and soul of the country, thats been his whole pitch in this democratic primary, that he is the person to take on President Trump and carry on the torch of the obama years in the future. Well havhell have to do a lot. A lot of people that i talked to at the Global Growth<\/a> questions this morning, is russia going to extend production curves. Stocks in china led asian markets higher, despite fresh threats from President Trump<\/a> of more tariffs. All of the major averages there in particular, taking a look at the hang seng and shanghai composite up more than 2. 5 . Interest rates the topic in europe, the ftse and cac are higher, the German Market<\/a> is closed. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren President Trump<\/a> is threathreatening to slap additil tariffs on beijing if he doesnt meet with xijinping at the g20. Cheryl this comes as china releases trade data suggesting its economy is slowing. We get more on that part of the story from our very own edward lawrence. Reporter the imports into china fell sharply in the month of may. If you look at soybeans, soybeans alone fell 24 , imports into china. Some exports all exports, actually, out of china rose in may. Some analysts say thats because companies in china are rushing to get orders you out on a boat before the g20 summit. President trump could impose tariffs on Everything Else<\/a> china imports into the United States<\/a> if the meeting goes poorly or doesnt happen. I think president xi of china, great relationship with him, i think hell be there. We are scheduled to talk and to meet. I think interesting things will happen 123450 thhappen. Reporter the chinese president said he does want a deal. Its hard to imagine a complete break of the United States<\/a> from china or of china from the United States<\/a>. We are not interested in this. And our American Partners<\/a> are not interested in this. President trump is my friend and i am convinced he is also not interested in this. Reporter and regardless of the talk, both sides are still posturing. The u. S. Going forward with putting basically Everything Else<\/a> china imports under a 25 tariff. The public hearing for that will be next monday. Back to you guys. Lauren edward, thank you. Treasury secretary Steven Mnuchin<\/a> will speak today in washington. New chohe discussed trade issuer the weekend at a meeting in japan. That was the first high level meeting between u. S. And chinese officials since talks between the two countries broke down last month. Meanwhile, theres this. The wall street journal is reporting that the u. S. Energy department is taking steps to protect its scientists from being recruited by china. U. S. Officials say Energy Department<\/a> researchers are being recruited by military affiliated groups with the promise of multimillion dollar packages, part of an effort to protect government science programs from intellectual property theft. Cheryl the Trump Administration<\/a> responding to doubts from critics after the immigration deal with mexico. President trump is standing down on the tariff threat as long as mexico does its part. Lauren Jillian Turner<\/a> joins us live from washington. Reporter President Trump<\/a> is firing back at critics who cast doubt at the deal struck friday with mexico that stops tariffs from hitting the United States<\/a> southern border. Now, the administration is back on the president s good side. When you think of it s. Mexico is doing more for the United States<\/a> as of now than congress and specifically the democrats. They have to get their act together. Reporter a key part of the agreement is to keep mexicans seeking asylum in mexico while the application process plays out. The president says tariffs could still become a reality if mexico doesnt live up to that end of the bargain. But mexicos Foreign Ministry<\/a> made clear yesterday its got no plans to criminalize migrants crossing through mexico, en route to the United States<\/a>. Mexico would never do that and much less this government. Just because someone wants to move, that doesnt make them a criminal. Reporter the secretary of state came to President Trump<\/a>s he defense, hitting back at critics Like Senate Majority<\/a> leader Chuck Schumer<\/a> who called the deal warmed up leftovers. Theres some reporting that ththatsays the countless hours e nothing, they amounted to a waste of time. People here believe this us an important set of agreements. Reporter coming up later this morning, 10 am, well hear from the acting secretary of homeland security, hes scheduled to testify in front of the Senate Judiciary<\/a> committee on all of this. He told fox news a solution to what he calls the Immigration Crisis<\/a> will require not just cooperation from mexico, but also major changes to u. S. Law. So, thats over to congress. Cheryl Jillian Turner<\/a>, live in washington. Thank you. Lauren theres more on capitol hill today, big tech in the hot seat as the house Judiciary Committee<\/a> will hold a hearing this afternoon on anticompetitive practices among tech giants the hearing is expected to focus on the ways the Big Tech Companies<\/a> have changed the landscape for the news industry as many newspapers say google and facebook are threatening their survival. Meanwhile, Elizabeth Warren<\/a> is urging the assistant attorney general to he recuse himself from any Department Matters<\/a> involving google and apple, citing prior work that he did lobbying for both of those companies. Cheryl well, democrats plan to vote on Holding Attorney<\/a> general william barr in civil consistent tempt toenforce subpoenas, despy nadler saying he is putting calls for contempt on hold. Lauren the committee began a series of hearings to determine if President Trump<\/a> obstructed justice. Lauren blanchard has details. Reporter the key witness at the Judiciary Committee<\/a> hearing was john dean, frequent trump critic. Johns been a loser for a long time. We know that. Reporter democrats are Holding Hearings<\/a> to dig deeper into obstruction of justice by President Trump<\/a> after Robert Mueller<\/a> said he could not come to a conclusion on the charges following the russia investigation. Dean, a star witness for watergate, was brought in for historical contexts. He says he sees parallels between nixons administrations and President Trump<\/a>s. Special counsel mueller provided this committee with a road map. Reporter ahead of the hearing, the Justice Department<\/a> agreeing to turn over some of the underlying evidence from the mueller investigation, including files used to determine whether or not the president obstructed justice. We have a responsibility to do this work. The chairman is showing the priorities. The priorities were from november 2016 it appears we have an issue with who got elected president. Reporter chairman nadler says democrats will hold off on a vote to hold attorney general barr in contempt of congress, instead, theyre planning to vote on a resolution that would allow the house to sue for the testimony of barr and former white house counsel, don mcgahn. This efficient approach will allow us to walk and chew gum at the same time, to hold the president accountable while continuing to deliver for the american people. Reporter this isnt the end of the hearing for house democrats. More are planned this week focusing on obstruction of justice and Trump Campaign<\/a> connections with russia. In washington, lauren blanchard, fox news. Lauren here are other headlines making news this tuesday. Investigators are combing through the wreckage of a helicopter that crashed on the roof of a building in midtown manhattan yesterday. The helicopter was flying in restricted air space and in rain and fog when it crashed. The pilot was killed. He was the only person onboard. Hes been identified as tim mccoremack, a veteran pilot and former volunteer fire chief from upstate new york. A poll low Global Management<\/a> is getting into the photo business. Its buying shutter fly and snap fish which it plans to combine into one. Snap fish is privately held and no price was listed. The online photo business has become challenged as more users prefer to share pictures on social media. The workplace messaging app, flag, is releasing the last Earnings Report<\/a> as a private company. With the ipo expected next week, they expect revenue to grow by as much as 50 in the current fiscal year, reported double digit increases in sales during the first fiscal quarter. It will trade on the New York Stock Exchange<\/a> under work. Amazon is offering a new credit card for consumers who are looking to improve their credit score, called the amazon credit builder card. Anyone who opens one will have to make a security deposit. It will have the same benefits as amazons regular store card and can only be used for purchases on amazon. Kraft believes it has the answer to get kids to eat vegetables. Its describing ranch dressing and putting it into a tube that looks like cake froster and frod calling it salad frosting. Some kids might know the difference. Cheryl lets take a look at futures this morning on your tuesday. We are extending the gains that we clocked in yesterday. The dow breaking 26,000 yesterday. At this point were still above it, dow up 82 in the premarket, s p up 9 andahalf, nasdaq up 40 and three quarters. Big tech in the hot seat today over allegations of anticompetitive behavior and huawei under fire also. Will consumers ultimately be the ones to suffer . And think youve got a good poker face . Well, how your face could affect your credit. Youre watching fbn a. M. Lauren ive got a great poker face. Geico makes it easy to get help when you need it. With licensed agents available 24 7. Its not just easy. Its havingawalrusingoal easy roooaaaar its a walrus ridiculous yes nice save, big guy good job duncan way to go [chanting] its not just easy. Its geico easy. Oh, duncan. Stay up. No sleepies. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. Dear tech, lets talk. We have a pretty good relationship. Youve done a lot of good for the world. But i feel like you have the potential to do so much more. Can we build ai without bias . How do we bake security into everything we do . We need tech that helps people understand each other. That understands my business. Weve got some work to do. And we need your help. We need your support. Lets expect more from technology. Lets put smart to work. Heannouncer more details incoming involving volkswagen and the growing scandal. Dissatisfied customers filing complaints against the german auto maker. Because a vision softly creeping left its seeds while i was sleeping and the vision that was planted in my brain still remains within the sound of silence in restless dreams i walked alone narrow streets of cobblestone when my eyes were stabbed by the flash of a neon light that split the night and touched the sound of silence cheryl the house Judiciary Committee<\/a> set to hold a hearing on anticipate competitive practices among Technology Giants<\/a> today. Lawmakers expected to focus on the ways that big tech could be hurting revenue of news companies. Tech analysts and big eye wish founder, ian wishinggrad joins us this morning. Google made nearly 4 billion in revenue tied to the dissemination of news and now news companies, looks like theyre going to fight back today in this hearing. The news industry is in an insane disruption, because usually they make their money where you would go directly to them to get the information. Now you google things, they play middleman and they control the user and make the money. So its a fair complaint on their part. Cheryl were going to monitor the hearing today. Got to talk about huawei. That is a big piece of the chineseu. S. Trade fight. Youve got the acting budget administrator saying u. S. Companies need time. The phones huawei makes will be stripped of popular apps consumers use. A lot of folks wont be happy about had this. When they say they need time, theres a weird Global Supply<\/a> chain that happens and so many people, the Small Businesses<\/a> get crushed during this because theyre the ones theyve got big huawei contracts and then if you just pull whatever you call that thing, the thing on the table cheryl the table cloth. You pull that off, that kills them. They want time to be able to find ways to sell their business. It disrupts the supply chain. Cheryl the huawei phones arent in the United States<\/a> they are in the phones. Its the cheaper parts. Cheryl the consumer is what im talking about. Yes, to the consumer angle, the real issue is if huawei no longer gets to use android, which is the operating system, facebook, instagram, those are designed for android. Huawei has to create their own inhouse operating system and they need to get the apps we love to go into their app store. Cheryl huawei is acting App Developers<\/a> to get on board with them. If youre an app developer in this country, do you want to make that gamble right now . No. Cheryl there you go. And todays hearing youre not expecting fireworks or you are . I think it will be interesting from a revenue perspective. I think this is there are so many conversations and subtexts to every one of these things that everything is going to be looked at through multiple lenses. Cheryl thank you so much. A lot to cover. Well see what the hearing brings us today. We want to let you know that andanandy purdy will be joining mornings with maria in an exclusive interview, 7 00 a. M. Eastern time. Lauren lets take a look at the action on wall street this morning. The dow is up 100 points, the seventh day of gains in a row. Just 3 from a record high. Nasdaq gaining 46 points this morning. Thats about 4 from its record. Still ahead, President Trump<\/a> going head to head with former Vice President<\/a> joe biden at competing events in iowa today and as biden looks to win over the democrats, is alexandria ocasiocortez looking to knock some of her fellow democrats out of office . And the quest for the womens world cup glory begins today for team usa. Carlie shimkus live in france with a preview . Its the moment every soccer fan has been waiting for, team usa set to enter the 2019 world cup in a few hours. The anticipation has been building. The fans were going wild last night. I am going to bring you all the excitement coming up next. Fire ball. This is the couple who wanted to get away who used expedia to book the Vacation Rental<\/a> which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Expedia. Hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Lauren President Trump<\/a> is heading to iowa today to tour Renewable Energy<\/a> facility and to talk about gasoline and using ethanol in it. The former Vice President<\/a> joe biden will be across iowa at iowa westland university. Polls are showing biden as the frontrunner of the p democratic candidates, although his lead is narrowing. Given the importance of iowa during election time, is this the first big squareoff for whats to come. Lets bring in Washington Examiner<\/a> reporter, emily larsen. Theyre both there, different parts of the state. Whats the message from camp biden and camp trump . Reporter camp trump is trying to give is message to the people that hes been a job creator, that hes led the country back into a booming economy. Im sure hell say that when he tours the ethanol plant and speaks to a republican fundraiser today. Joe biden will make the argument that donald trump has dramatically and drastically altered and changed sort of the core and soul of the country, thats been his whole pitch in this democratic primary, that he is the person to take on President Trump<\/a> and carry on the torch of the obama years in the future. Well havhell have to do a lot. A lot of people that i talked to at the Iowa Democratic<\/a> hall of fame forum this weekend were a little upset that he wasnt one of the 19 candidates who showed up to speak to them and make his pitch to them this weekend. Lauren that could be his strategy, to wait it out as we get closer to the debates, closer to the election and of course before that the iowa caucuses. Well see. It seems like both biden and trump having to prove. Trump has to say hey, farmers, im with you. Biden, im not a flipflopper, if you voted for drum last timet time, you want to vote for me this time. Alexandria ocasiocortez could be looking to move over to the senate and take a run for the seats of either jill 3wr57d or r schumer. Shes not even liked in parts of new york. What do you make of that report . . I think that alexandria ocasiocortez has a big vision for the future. Im not surprised that Top Democrats<\/a> are worried or expecting she might try to further those political ambitions in the future and potentially take on Chuck Schumer<\/a> or kirsten gillibrand. She will have a tough time. A poll from right after the amazon Second Headquarters<\/a> decided they would not set up shop in new york, poll found that statewide, alexandria ocasiocortez had a 31 Approval Rating<\/a> and 44 disApproval Rating<\/a>. She is in tough waters. Kirsten gillibrand has shown she can win the northern districts in the state. Lauren do you think whoever the candidate on the democratic side is, do you think they need aocs approval . I cant believe im asking that question. It will depend who the candidate is, how progressive the candidate is and whether they feel like they will be concerned by a socialist label. Lauren emily larsen, thank you. Thank you. Cheryl today in france, team usa kicking off their quest for womens world cup glory when they take the field against therthailand. Lauren Carley Shimkus<\/a> is there, catching up with fans ahead of the game. Good to see you. Are you having fun . Reporter good morning, lauren. Good morning, cheryl. Its a chilly day here in france. Check out this beautiful cathedral behind me. Thithe day has finally arrived, team usa set to take on thailand in a few hours. Who is going to win this game . Hell well, team usa is ranked number one, thailand is 34th. So the odds are in team usas favor. The fans here have been absolutely incredible. Yesterday fans waited outside for over an hour, just to catch a glimpse of team usa board their bus and heres why, according to a few super fans. Theyre just so fun to watch. They seem to have a lot of fun playing together. The great pact thing, its phenomenal football. Reporter youre such a fan of team usa, you had your face painted. Why do you like this team . Because im an american and i bleed red, white and blue and you i want to follow the team. I love their aggressiveness, they have such game play. Iif you watch them on the field, i love how they spread out and make th game so exciting to wat. Reporter some key players to look out for, veterans, alex morgan, megan rapino, to tobin t is super competitive. Head coach jill ellis is very excited to see her players perform. When the tournament kicks off and you watch the games, the anticipation for your first match grows. So i think the players are ready, excited, hungry. I think we feel prepared. Reporter i recently spoke to carley lloyd, i asked which team she is most concerned about. She said she doesnt care about any other team. Her biggest challenge is the team she is going to be playing next and she isnt afraid of anyone. Hows that for some competitive spirit right there, guys. Lauren confidence. Carley, thank you. A reminder, watch usa take take on thailand at 3 00 today. Cheryl what an assignment carley got there. There you go. Lauren good for her. Cheryl all right. Were going to watch soccer and were also watching your money this morning. Taking a look at futures as we go to break. Dow ticking up higher in the premarket. Weve actually added on about 40 something points over the last few moments, dow up 115 right now, s p up 13 andahalf, nasdaq up 50 and three quarters. Rally continues from yesterday. Still ahead, President Trump<\/a> continues his hard line stance against china. Is the chinese does the Chinese Government<\/a> have another reason to stall the negotiations . And a cyber attack likely grabbing thousands of pictures of faces at the border. Is your mug the newest target for hackers . Youre watching fbn a. M. Youre a fine girl. What a good wife you would be. Such a fine girl. Lauren looks like stocks in the u. S. Want to ride a sevenday winning streak. Dow futures popped 116 points, half of 1 this tuesday morning. S p is up half of 1 , nasdaq higher as well. The ftse gained half of 1 . In asia, despite threats from President Trump<\/a> for more tariffs on chinese goods, the shanghai composite gained 2. 5 overnight. Cheryl lets talk about that. President trump sis now threatening to is now threatening to impose additional tariffs on china if he doesnt meet with xijinping at the g20 summit later in the month. Businesses are worried about the cougsovereignity of hong kong. A lot going on in that region. Lets bring in joel griffith. Good morning. Good morning. Cheryl its interesting, lets talk about the threat of the new tariffs. We talked about the fact that the tariff can be a tax on the consumer here in the United States<\/a>. What is the likelihood, do you think, that we go fullmoney inn the tariff war with china. Im holding out hope that the threatened tariffs dont come to full fruition. The tariffs that have been imposed already over the past year on chinese imports are hurting the typical American Family<\/a> to the tune of 800 per year, per family. If the tariffs are sent into all chinese imports, were looking at costs running in excess of 2,000 per family per year which would erode most of the value of the tax cuts a that were just passed. Cheryl youve got a lot of wall street analysts talking about the fact that this could indeed be the new threat from china. Theres some question out there among some of the analysts, the banks, that the chinese might be waiting to see how the next election plays out and that all of this is just a stall tactic by the government so that they dont put anything in writing, agree to anything until our Elections Come<\/a> up soon. What do you think about that theory thats out there . Some of the strategists in china may be looking to wait out the United States<\/a> election. I think for the most part, this is something they want to avoid having to delay. The fact is, the more uncertainty we introduce into the marketplace, the more supply chain disruptions that were going to be looking at, which would hurt a lot of u. S. Companies but also a lot of Chinese Companies<\/a> as they attempt to implement their longterm capital plan. Cheryl speaking of companies from china and abroad, right now heritage has an Economic Freedom<\/a> score on hong kong as 90. 2. Protests have erupted. There is concern that the government is going to get closer to Mainland China<\/a> and that could jeopardize frankly the freedom of sovereignity of hong kong. Do you see that score from heritage changing if the law changes in hong kong . The score we have in our index of Economic Freedom<\/a> is not based on freedom of speech. Its based or on government freedom in general its based on Economic Freedom<\/a>. We look at things such as trade restrictions, government efficiency, whether or not theres corruption and in all of those things hong kong is the best in the world. But the threat is that beijing will be able theyll impose more control over their interpretation of hong kong law. Beijing has the ultimate authority to interpret the hong kong constitution and if that is extended to economic matters, this could indeed affect their Economic Freedom<\/a> ranking. Cheryl u. S. Manufacturing certainly is a story tied to the chinese. I want to bring you home for a second before i let you go. Theres an interesting these in the wall street journal talking about the economic decline of the southern states. Think the carolinas, think virginia, west virginia, and that factory output is down, wages are low and this is part of the u. S. Economy that is in dire straits. What do you say to that and especially those americans that are watching from those states . That was a fascinating wall street journal piece. The one concern is that it lumps together all of the states in the Southeast Region<\/a> together and actually leaves out two from the analysis, texas and florida, which have been some of the most booming over the past few decades. The fact is, the southeast is not monolithic, in terms of policy or in economic performance. Economic performance is directly related to public policy. Theres a huge disparity. For instance, look at the basic tort issues, how easy it is to engage in lawsuits. Louisiana is near the bottom in the country in terms of that. Meanwhile, you have other parts of the southeast that engaged in tort reform, same thing goes for workers comp and Corporate Income<\/a> taxes. Florida has no income tax. Tennessee has none. Arkansas is near the top in Corporate Income<\/a> tax. Cheryl its a fascinating piece. I encourage our readers to look at. Joel, thank you, a lot to cover with you. Prioappreciate it. Lauren the markets are taking their cue on the latest developments on trade with mexico and china. Big Tech Companies<\/a> testifying on capitol hill today and a new round of m a. Cliff hodge is a director of investments for corner stone wealth. He joins us now. You look at President Trump<\/a>s threats of more tariffs on china and the worry is that that could push the u. S. Into recession. So does that hurt the president in 2020 if the economy weakens . How much do you expect it to weaken, if at all . Thats a great question. And certainly as we get closer to election season, were going to start seeing rhetoric amp up. So President Trump<\/a> is going to be certainly appealing to his base. Our view is that he is going to continue this hard line against china and so well see what happens at the g20. Were optimistic that ultimately both sides do want to make a deal. But with the rhetoric amping up and both sides seeming to move further apart, we think a deal in the short term is unlikely. Lauren does a deal prevent a recession, cliff . Are you worried about a recession . If you look at the data, look at the survey data, pmi numbers, industrial production, some of the leading indicators are certainly starting to roll over. But on the other hand, if you look at the strength of the consumer, you look at the Unemployment Rate<\/a> being the lowest that its been in over 50 years, Household Debt<\/a> as a percentage of gdp is lower than where we were in past slowings going into recessions, so overall we think the economy is still in good shape but we certainly do need to get a deal done on trade. Hopefully before the elections. So that some of the supply chain concerns that your last guest was mentioning dont really come into fruition. Lauren trade is a big uncertainty. And in some ways mergers and acquisitions could be an uncertainty as well. The New York Post<\/a> is reporting a federal judge, leon, is close to blocking cbs purchase of aetna because of concerns for the future. I bring up uncertainty and m a because Companies Think<\/a> they have a deal and then, poof, a judge can just say no you dont. Thats another cause of concern for markets who have been looking Companies Looking<\/a> to merge. Markets certainly hate uncertainty. And so headlines like these are definitely not helpful. Theres a place for regulation. Theres a place for making sure that these companies are looking out in the best interest of their consumers. But any additional uncertainty on the markets that come from these factors or other announced mergers are certainly not going to be helpful. Lauren so much uncertainty out there, but the certainty in quotes that the markets have right now is that the fed cuts rates because we have the markets up on once again. Cliff, thanks for joining us this morning. Thank you. Cheryl thats right. Really market watchers kind of watching that weak jobs report from may, does that mean the feds going to act sooner rather than later. Thats kind of the bet going on right now. Dow up 104, s p up 12 and a quarter, nasdaq up 47 andahalf. Still ahead, new details about the death of kim jong uns half brother. Was he in fact an International Spy<\/a> . And madness on the diamond last night, what caused fists to fly at his baseball game. Details coming up on fbn a. M. I never wanted you unsatisfied. She pulls me in. I never wanted you to cry again. [ paper rustling ] exactly, nothing. Theyre completely different people, thats why they need customized Car Insurance<\/a> from liberty mutual. Theyll only pay for what they need [ gargling ] [ coins hitting the desk ] yes, and they could save a ton. Youve done it again, limu. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Cheryl here are headlines making news this morning. Justin amash is leaving the conservative House Freedom<\/a> caucus weeks after calling for President Trump<\/a>s impeachment. Jim jordan, who is a member of the freedom caucus, told laura ingram, amash came to an agreement after speaking with the caucus chairman, mark meadows. We had a nice long meeting with him. We disagree with justins assessment of the impeachment. We strongly disagree with him. Mark is our chairman. They will be talking about the situation. Cheryl amash is insisting the departure is voluntary, saying he didnt want to be a distraction for the caucus. The Justice Department<\/a> revealing details of its probe of u. S. Intelligence agencies during the 2016 president ial campaign. The department acknowledging that its also investigating several nongovernmental organizations and individuals. The probe is led by connecticut attorney john durham. Details revealed in a letter to jerry nadler who want todd know the scope of the investigation. The wall street journal is reporting the half brother of north Korean Leader<\/a> kim jong un who was killed in malaysia in 2017 had been an informant for the cia. A according to the journal he was said to have met with cia operatives in singapore and malaysia. Former u. S. Officials reportedly said he most likely did not provide the agency with useful information. Back in 2017, he was killed in malaysias airport by two who w. U. S. Customs and Border Protection<\/a> said tens of thousands of travelers photos have been stolen in a cyber attack. A federal contractor transferred copies of the i images to the subcontractors account which was then hacked. The maker of miller light beer is dipping its toe into gaming. Theres a can of miller light that is also a bluetooth game pad. The only way to get one, win it in a battle on thursday at an event held by miller light at the e3 convention in has angeles. Lauren ive got to say, that is cool. Take a look at this traffic camera. It captured the actual moment an earthquake happened. It rattled ohio. The department of transportation tweeting out these videos, showing the moment the 4. 0 quake hit, 20 miles northeast of cleveland. Fortunately, no reports of damage so far. The u. S. Geological survey says more than 8,000 people reported feeling the tremors. All caught on cam. Cheryl weve got a lot more coming up. A happy ending for one gymnast. Her remarkable comeback from a tragic injury to a beautiful ceremony. And the philly fanatic earning his name with a trip to the tv booth. The incredibly chaotic video when fbn a. M. Returns. Like a tiger. Defying the laws of gravity. Im a racing car. Passing by like lady gro ladya but is that enough. Dear tech, weve got some work to do. We need tech that helps people understand each other. Tech that understands my business. Tech that works at scale. That works with my existing tools. That helps us help more people. Lets see some more headlines about that. Dear tech, dear tech, dear tech, were using ibm blockchain to help make sure food stays fresh. Were using ai to help create more accessible, affordable healthcare for all. Were using iot to create new kinds of digital wallets. Were exploring quantum to develop nextgeneration energy. Quantum, quantum. Thats the smart tech i need. Lets make a difference in energy. In commerce. In peoples health. In the foods you eat. Lets make a difference in government, business, and society. Lets make a difference in peoples lives. Lets expect more from technology. Lets put smart to work. The latest inisnt just a store. Ty its a save more with a new kind of Wireless Network<\/a> store. Its a look what your wifi can do now store. A get your questions answered by awesome experts store. Its a now theres one store that connects your life like never before store. The xfinity store is here. And its simple, easy, awesome. Cheryl parts of North Carolina<\/a> declaring states of emergency a after heavy rain caused severe flooding. Lauren and excessive heat pounding much of the west. Lets bring in senior meteorologist janice dean live in the Fox Weather Center<\/a> with the forecast for today. Weve got polar extremes when it comes to weather. Janice we really do. The front is moving through the east coast so well start to see the rain lessen a bit which is great news, and much less humid air will be in place which is great news and well see mostly sunny skies for much of the east coast. As you mentioned, though, we have the potential for more rain in the forecast. Unfortunately over areas that dont need to see anymore. That will move downstream across the Mississippi River<\/a> valley. The other big story is the heat across the west, as far north as the northwest. We typically see hot temperatures across the southwest. Look at parts of the northwest where were into 100 degrees in medford, flirting with 100 degrees in seattle and portland and thats going to midweek. Its going to be very warm across the southwest. Summertime is here. Cheryl certainly is. Janice dean, thank you, janice. Lauren january. Lauren a huge t for the golden state warriors, came with a sizable. Cheryl this is a crazy story. Jared a must win game five in toronto. The warriors got kevin durant back. Was kevin ready to return is the question on many minds today. Called soft throughout his career, proved his status. 11 points in 12 minutes before he went down on his tender right leg. The warriors reportedly believe an mri will reveal a torn achilles tendon. The warriors have to play on and win to play another game and they did. Steph curry scores 31. The next possession, Clay Thompson<\/a> hits a goahead 3. The warriors win, 106105, game six thursday. The general manager emotionally shaken by durants injury and stands by the decision to allow k. D. To play. I dont believe theres anybody to blame. But i understand this world and if you have to, you can blame me. I run our Operations Department<\/a> and jared instagram, kevin durant wrote hes hurting in his soul, deep in his soul but seeing his brothers get the win was like taking a shot of tequila. Durants injury has an effect on the free agent market. David ortez, he is back on u. S. Soil. He was flown to boston for treatment at massachusetts general. Why was he the subject of an as aof anassassination style hit . The daily mail say its because of a hit from a drug lord. The pirates and braves went at it. Josh donaldson got brushed up. The two were edge eblghted ecte. So ejected. A gymnast from auburn broke both of her knees, check it out, shes walking down the aisle last week, married. Say ma tha ma thatshe said it td work, integrity and dedication. Back to a fun moment. See the philly fanatic yesterday, popping into the booth . He said he wanted a little popcorn. Watch what happened in the game. [doorbell] you did say you wanted popcorn. What are you doing . Hes drunk. Hes got to be drunk. Look at him. What are you doing . Jared. Jared these two teams h3 home runs, a Major League Record<\/a> yesterday. Lauren and thats what were talking about. Cheryl jairksd thank you so much. Catch jareds sports reports, fox news headlines, 24 7. Lauren why your face may be the key to getting a loan in the future and how watching tv in your sleep could be hazardous to your health. And maybe your waistline. Keep it here, fbn a. M. 57 channels and nothing on. Cheryl how good is your poker face . Soon you may need one if you want to get a loan. Tracee so chinas largest insurer they are using facial reck nipcion when potential clients come in. They use that when they come in to sell financial products. They also use this with some of their other customers to verify identities, even some employees as well. This is something pretty common in china, theyve not only use it with insurers but also the government uses it, they use it on the streets, the subway, here in the United States<\/a> people would have a lot more concerns about their privacy, security, but theyre in china, i guess they dont really have a choice. Tracee if youre sleeping with a light or tv on, it could be causing you to gain weight. This is according to new study that women, they found that women who slept with the light or tv on, 17 of them gained 11 pounds over the course of the study, 22 became more overweight, 33 likely to become more obese. It messes with your metabolism, confuses it. Cheryl your body thinks its daytime, not nighttime when im supposed to be in bed. Eliminate the light and tv. Cheryl you make worst food choices during the day if you dont get quality sleep. Lauren caffeine and sugar. Cheryl things that tracee your body is craving that. I know, tough for us. [laughter] cheryl i do fall asleep with the television on twice often. I will no longer do that, tracee, thank you for the information. Lauren im looking at the markets right now, its amazing, we havent seen a rally in over this long in i dont ever over a year. Nasdaq 4 from record high, we certainly have a comeback, and the reason the rally is being juiced, despite everything going on with trade, the hope that the fed does cut rates maybe more than once. Cheryl lets look at the 10year, this affects, everything, folks, mortgages, credit card, up basis points right now. Lauren mornings with maria starts now. Maria good morning, everyone, happy tuesday to you, tuesday june 11th, top stories 6 00 a. M. On the button, new tariff threat on china this morning, President Trump<\/a> may impose next round if theres no meeting with chinese head xi jinping later this month at g20. Hawei warning of slowdown, next hour my exclusive interview of chief Security Officer<\/a> of hawei andy is here","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia903007.us.archive.org\/0\/items\/FBC_20190611_090000_FBN_AM\/FBC_20190611_090000_FBN_AM.thumbs\/FBC_20190611_090000_FBN_AM_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}