Transcripts For FBC FBN AM 20240713 : vimarsana.com

FBC FBN AM July 13, 2024

Sell his mansion in beverly hills, l cal california. It seems he doesnt need any help with a broker to list it. Its monday, october 14th. Fbn a. M. Starts right now. Roman catholic choirs are singing. Lauren tracee welcome to fbn a. M. Im tracee carrasco. Lauren good morning. Im lauren simonetti. How was your weekend. Tracee it was great. Lets take a look at how your money is moving this morning. Futures this morning flat, after fridays rally. You can see all three major averages pointing to slightly he lower. The s p 500 is down by 1, nasdaq down by 6 points. Lauren that of course after the partial trade deal between the u. S. And china. That boosted stocks in china. The shanghai composite up 1. 1 , the other markets higher as well, even though we got new trade numbers out of beijing, they continue to weaken. Tracee and that data out of china weakening what were looking at in europe right now, also investors watching brexit very closely. The ftse is down by 32, cac down by 32 as well. Lauren breaking overnight, investors cheering the partial trade deal with china as new numbers from beijing show the trade war continuing to take a toll on the chinese economy. Imports from the u. S. To china falling more than 20 in september from a year ago with exports to the u. S. Plunging nearly 18 . President trump on friday announced a phase one of a deal that delays a tariff increase on chinese imports set for tomorrow. However, and heres the however, the december tariffs are still on the table. Tracee counselor to President Trump, Kellyanne Conway spoke about the important first step with maria bartiromo. Its a huge first step and the president made clear were talking about such massive deals here with china that they have to come in different phases. Phase one tackles the fact that 40 to 50 billion more for our farmers, the president said he hopes the farmers have enough tractors to sustain what will be incoming. Tracee phase one is expected to be signed when President Trump and chinese be president xijinping meet at an economic conference in chile next month. Lauren well, german superstar dj, dj zed has been banned from china for liking a quote from south park. The south park took more jabs at china in its 300th h 300th epise when it aired last week. Things from china seem to be getting worse when it comes to taking American Goods and broadcasts off the air. Tracee i. Tracee . Lauren Griff Jenkins joins us from washington as the president puts hunter biden on blast after resigning from a board position at a chinese company. Reporter its going to be another week of intense impeachment inquiry again. House democrats will push ahead today with President Trumps former top aide on russia. She will face scrutiny over whether there is a shadow policy against the ukraine. Were learning the whistleblower may not testify. Listen. I should have been much more clear and i said so the minute it was brought to my attention that i was referring to the fact that when the whistleblower filed the complaint, we had not heard from the whistleblower, we wanted to bring the whistleblower in. I should have been more clear about that. Reporter House Republicans are blasting the push for impeachment. Listen to this. There should be a process. But instead, what adam schiff wants is to get the United States of america drunk on his favorite cocktail. Theres three ingredients, one is cherry picking leaks, second is withholding facts and three is just outright lying. Reporter this as another person at the center of controversy, hunter biden, announces hes stepping down as the head of a chai cheese investment Chinese Investment firm. His lawyer said if his father wins the presidency, hunter will not serve on the boards of foreign owned companies. The former Vice President had this to say. Lets get something straight. First of all, no one, no one has indicated of any consequence that anything was done wrong or illegally by me or by my son. Reporter another big witness to watch for this week, on wednesday, Gordon Sondland is expected to testify this week. So well see what that brings. Tracee, lauren. Lauren thank you very much. Chaos is unfolding as the kurds turn to the russian backed syrian army for help stopping the turkish offensive. Tracee todd piro has more on how american lawmakers are preparing to respond. Todd, good morning. Reporter lauren and tracee, good morning. Right now, the syrian army preparing to position troops along the border with turkey, this as the defense secretary says u. S. Troops will begin pulling out of the region as quickly as possible, leaving many to conclude a full military withdrawal appears likely. Were doing everything we can to get the turks to stop this behavior, get them to go back across the line and stop. Reporter if not troops, that everything that he refers to likely means sanctions. The president tweeting dealing with Lindsey Graham and many members of congress including democrats about imposing powerful tank sanctions on turk. There is great consensus on this. Turkey asked that it not be done. Stay tuned. With a possible bipartisan deal for sanctions on the table, graham for his part appearing to let up on his criticism of the white house for last weeks decision to pull out. Others say the damage has been done, especially with respect to the escape of isis prisoners held by the kurds. Chuck schumer releasing a statement saying in part, quote, the president is derelict in his duty as president. He is making americans much less safe. He is undoing years of work to curb isis. He is making america more susceptible to terrorism by his actions. Right now, reports on the number of people with ties to isis that have escaped kurdish control range from 750 to 950. President trump tweeting that europe should take in these prisoners, although its unclear how that would happen now that they are on the run. Lauren and tracee, back to you. Lauren todd, thank you very much. Well, softbank may come to the rescue of wework. The wall street journal is reporting the Japanese Company is drawing up financing package that would give it control of the struggling startup that rents office space. Wework facing a cash crunch after the cf ipo plans were canceled. Wework asked jp mor morgan to lk into how the company can raise billions of dollars in debt. Tracee a shakeup at boeing. The ceo has been stripped of his role as chairman, giving the job to david calhoon. The board says it will help mull muilenburg concentrate on getting the 737 back in action. The company and the faa have been criticized for mistakes over how the boeing p 737 max was built and certified. Lauren picket lines have been set up at gm dealerships today. The walkout began nearly a month ago. Union members are said to be frustrated by what they say is gm stubbornness. The uaws board is giving workers 25 more in strike pay to bring the total to 275 a week. Union members will also be allowed to take parttime jobs without losing any financial aid. Tracee japan is recovering from its worst storm in decades. At least 37 people are dead and 20 are still missing after a typhoon slammed japan on saturday. More than 170,000 people were forced to evacuate and nearly 400,000 homes suffered power outages. The country has deployed 100,000 110,000 rescuers to help reach people trapped by flooding and landslides including firefighters, coast guard and military. More rain is forecast for the areas and authorities are warning that more mud slides are possible. Lauren staying in asia. There was hope the protests in hong kong would simmer down over the weekend but that didnt happen. Instead, protesters trashed stores and subway stations. Look at that. Some threw bricks and gas bombs at police who fired tear gas to disburse the crowds. One officer was slashed in the neck during these clashes. Police say that officer remains in the hospital but is in stable condition. More protests expected today. Tracee well, taking a look at futures this morning, will fridays rally over that trade deal continue . Right now, continues pointing just slightly lower, dow futures are down by 14 points, s p down by 2 andahalf, nasdaq down by 10 and a quarter. As the Third Quarter earnings season opt open this week, the e war casting a long shadow over stocks. Plus, a startup is bringing a dentist to you. Details on the latest workplace perk coming up. And as we head to break, heres a look at todays National Average for gasoline. 2. 64 for a gallon of regular. Keep it here on fox business. We are invested in you. Be a juke box hero. Got stars in his eyes. Hes a juke box hero. It took one guitar. Juke box hero. Stars in his eyes. This is the family who wanted to connect. And find inspiration in new places. Leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Lauren remember libra . Its facing more backlash, now from original supporters, e you bayebay, mastercard, pay pal, al backing out of the project. The companies were recruited by facebook to launch with libra, now with them out there are questions about this project ever becoming reality. Ceo Mark Zuckerberg expected to testify before the House Financial Services committee on october 23rd. Tracee trade tensions between the u. S. And china are easing now that the two super powers have reached a partial trade deal. George see, anendale capital ceo joins us now. Are investors overestimating the l ill pact on this trade truce, december tariffs still not called off, we have a lot of uncertainty, we dont know where this trade deal could be in a year or so. What do you sunshine. Think . Its better than nothin. Its a sugar high for the near term. A handshake is something. They havent inked it yet. The markets will celebrate for a short time. Tracee the yield curve is no longer inverted following fridays rally in the bond market. It is a clear sign that maybe worries of a recession are subsiding a little bit, at least for now, after we do have that trade deal. What are your thoughts, looking at that. People were too fearful of recession, just like theyre too fearful about the impact of the trade war. I think the yield curve is is reflecting those fears are going down. Im thinking of a santa claus rally. The tension between the u. S. And iran may scotch that. Well have to wait and see. Tracee earnings starting off this again this week. We have big banks reporting. What do you think the impact of the feds recent rate cut is going to be there . What are you looking at . What are you watching for this earnings season this time around . Id hate to be a banker these days. Theyre in the crosshairs of every democratic president ial candidates. The margins are squeezed with the rate cuts and government regulations are on them all the time. I think big banks, although a value right now, its a poor shortterm play, hopefully a better longterm play for investors and banks. Tracee what do you think, will the fed cut rates again this year . I give it 50 50. Theres enough hawks on the fed, its not a certainty. They really should you cut. They need to cut. Tracee thank you very much, george. Lauren, over to you. Lauren lets take a look at futures. As you said, we need more than a handshake. Investors comings to that reality after the euphoria wore off friday. Dow down 8 points, s p down 1, nasdaq down 7. Earnings coming in fast and furious this week with seven dow components reporting. A desperate search is on for a missing worker after a massive building collapsed in new orleans. Take a look at that video. And an angry protest in texas after a woman was shot and killed by a Police Officer in her own home. Well have the details when fbn a. M. Returns. Yeah, thats half the fun of a new house. Seeing what people left behind in the attic. Well, saving on Homeowners Insurance with geicos help was pretty fun too. Ahhhh, its a tiny dancer. They left a ton of stuff up here. Welp, enjoy your house. Nope. No thank you. Geico could help you save on homeowners and renters insurance. Geico could help you save on homeowners do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on val, vern. Im off to college and im not gonna be around. Im worried about my parents retirement. Oh, dont worry. Voya helps them to and through retirement. Dealing with todays expenses. Like college. While helping plan, invest and protect for the future. So theyll be okay. Without me . Um. And when we knock out this wall imagine the closet space . Yes oh hey, son. Yeah, i think theyll be fine. Voya. Helping you to and through retirement. Lauren hundreds gather to protest after a woman is shot and killed by a Police Officer in her own home. Officials say the texas officer responding to welfare check did not announce himself as a cop before footage capturing the moments leading up to the death. Police claim the officer felt threatened. A gun was recovered inside jeffersons home. The officer has been placed on administrative leave and jeffersons family wants him charged with murder. Tracee crews are working to find one missing construction worker and one person who has been confirmed dead inside that new Orleans Hotel which toppled over the weekend. Lauren stability and safety are huge concerns. Foxs rob dawson with the details. Reporter First Responders searching for one worker inside the partially collapsed Hard Rock Hotel. Officials arent saying whether that person is still alive after saturdays incidence. Search crews are calling the efforts a search and rescue operation until the missing person is located. They are saying safety is the number one priority. Our goal is to continue to make the scene safe so we can continue getting into this building deeper and deeper for rescue purposes. Reporter on sunday, crews assembled another massive crane to help remove some of the fallen debris and stabilize the scene. Despite the danger, First Responders and rescue dogs have been risking their lives to get to people and have been able to recover the body of one of the confirmed dead from the rubble. We have removed one body from the site and have transported that individual to our Coroners Office at which time they will be identified. Reporter on saturday morning, the upper six to eight floors of the Hard Rock Hotel being built on the border of the historic French Quarter suddenly came crashing down, sending a large cloud of dust and debris into the air. More than 100 workers were at the construction site at the time. 30 were taken to the hospital. As of sunday night, all but one were treated and released. The exception, a man who had to undergo surgery on his leg. Theres still no word on what caused the planned 18story, 350 room hotel to collapse and an investigation into the incident is underway. Rob dawson, fox news. Tracee thanks, rob. Checking futures right now, accelerating downward within the last 20 minutes or so. Dow futures pointing down by 80, s p down by 10, nasdaq ne futurs down by 31. U. S. Bond markets closed for the columbus day holiday. The democratic race for president heating up ahead of this weeks debate in ohio. Senator Bernie Sanders calling senator Elizabeth Warren a capitalist. Well take a closer look. And pressure building on british Prime Minister Boris Johnson to reach a brexit deal as the eu calls for more concessions. Can a hard brexit be avoided . Youre watching fbn a. M. There is a house in new orleans. They call the rising sun. For instance, we know how your customers shop. And what theyve already purchased. Like this lamp. And we use those insights to show you what they might consider buying next. Midcentury modern, nice. That way, you can keep sending them offers for the perfect products. And that keeps them coming back. Hows that for changing whats possible . Lauren welcome back. Now to the 2020 campaign. Democratic president ial hopeful, sense r tore bernisenator bernig to separate himself from senator Elizabeth Warren. He wept on abc news, saying warren is a capitalist and he is not. I am i believe the only cap date who will say to the corporate elite enough is enough with your greed and with your corruption. We need real change in this country. Lauren anders hackstrom joins us now. Is this the best thing that could happen to Elizabeth Warren. Shes a capitalist. Wall street might get onboard. Its amazing that 2019 thats considered an attack on a daleic politician. No, like you mentioned in the intro, this is Bernie Sanders desperately trying to create differences between him and Elizabeth Warren. Because ever since she announced her campaign, shes been essentially sort of getting her policies from the Bernie Sanders campaign. She sort of copied him on education. Shes copied him on healthcare. This is the one thing where hes like she cannot copy me on being a socialist so hes doubling down on that and a hoping it works out for him. Lauren you mentioned healthcare and warren copying sanders. She hasnt said how shes going to pay for it and people have been pressing her to do so. Hows is she going to pay for her version of medicare for all. She simply hasnt said. She simply hasnt said,

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