Transcripts For FBC FBN AM 20240713 : vimarsana.com

FBC FBN AM July 13, 2024

Fbn a. M. Starts right now. Ill send an sos to the world. Ill send an sos to the world. I hope that someone gets my. I hope that someone gets my. I hope that someone gets my. Message in a bottle. Lauren welcome to fbn a. M. Good morning, im lauren simonetti. Ashley love the police. Good morning, im Ashley Webster in for cheryl casone. Lauren lets take a look at how your money is moving this tuesday. The dow, nasdaq and s p 500 continue their push further into record territory this morning. The s p enjoying its best year in six years, up 7 points this morning. Ashley take a look at the price of oil. Opec says it will cut production, trying to get the price up. Its up marginally this morning, up 3 36cents for crude. Lauren the japanese market is back he open this morning, up 1 and three quarters percent. The shanghai composite gaining half of 1 . Ashley europe is moving up, maybe on a potential trade deal between the u. S. And china. The ftse is up nearly 4 10 of a percent. Lauren the potential trade deal, china turning up the pressure on the u. S. , both countries looking to sign phase one. Beijing reportedly wants washington to drop some tariffs, specifically the 15 on 125 billion of chinese imports that took effect in september. The white house also expected to cancel another round of tariffs, that one set for december 15t december 15th. The trade agreement is just one topic of President Trumps rally last night in lexington, kentucky. Were so close. China wants to make a deal so badly. I think theyd love to see another president. I think would they like they would like to see another president , more than crooked hillary would. Okay . Can you imagine if they ever took over negotiations of this deal, which is going to be one of the greatest deals ever made. Those be. Because we started down here and they were up here. Has to be. Lauren were close to a deal. Chinese president xijinping was speaking at a trade event in shanghai today and he promised to expand chinas economy, lower tariffs and focus more on imports, basically l signaling that china is open to international trade. He backed hong kong chief executive carrie lams efforts to end months of demonstration thats have rocked hong kong. This comes amid concerns that beijing was about to replace carrie lam. Ashley a hearing on Data Security risks from china will not include representatives from apple or tiktok. Tiktok is a popular chinese social media app. Says it wasnt given enough time to make a witness available. Apple didnt return a request for comment from fox business about why it wont be at the hearing. The Trump Administration is investigating tiktok you amid concerns that the app could be used by foreign governments to influence u. S. Elections. Lauren another high level departure at mcdonalds, the companys head of Human Resources resigned a day after mcdonalds fired the ceo for violating Company Policy by having a consent sensual relationship with consistent sense l walconsensualrelationsh. They say this exit was not related to the dismissal of easterbrook. He will get at least 675,000 in severance pay but will not be allowed to work at any fast food competitor for two years time. He was paid nearly 16 million in total compensation last year. His firing erased at least 3 billion in market cap from shares yesterday, even though the dow was at a record high. Ashley lets take a look at shares of under armour. Theyre up slightly in premarket, a small reversal from yesterdays pummeling. The recorded Third Quarter earnings ahead of wall street forecasts but that was overshadowed by news that it was cooperating with a federal investigation. Lauren uber, another loss. The company lost more than 1 billion in the latest quarter but expects to be on the road to profitability in 2021. Revenue in the quarter grew. Shares, however, sharply lower right here in premarket trading. Uber reporting that it shed more than 1,000 jobs, thats about 2 of its workforce through three rounds of job cuts in recent months. Look at that, down 6 . Ashley peloton expected to release the first Quarterly Report since going public in september. Shares of the company down 14 since its you debut. Analysts will be watching as to whether the companys strategy of offering free trials will be enough to push reluctant buyers to actually purchase the product and also bring the company into profitability. Lauren those free trials can be sticky, though. Ashley they can. Lauren sometimes youre on the hook for more than you wished for. Its november 5th, which means its election day throughout the country. Voters take to the polls. President trump was in kentucky last night, urging voters to vote for matt bevin. Other key elections are taking place, including a tight raise in mississippi. In virginia, republicans are hoping to win control of both houses of the state ledge slay. Many believe this serves as a brome teabrahm onbarometer on tf President Trump being reelected. Add damage schifadam schiff is o testify. Ashley Griff Jenkins joins us live from washington where more hearings are expected today. Griff, good morning. Reporter the hearings will continue. The president was continuing to slam the impeachment inquiry last night in kentucky, dismissing the vote to formalize it last week and praising republicans for rallying behind him. The media and the democrats have launched an even more brazen assault on our nation with the deranged hyper partisan impeachment witch hunt. Reporter this as gop leaders bring pressure on the man leading the inquiry, adam schiff, saying hell be their first witness in hearings. Youve heard our minority leader, the republican leader, Kevin Mccarthy say that schiff is our first witness. Youve had john ratcliffe, a former u. S. Attorney in congress say adam schiff is our first witness. So, yes, he in fact is going to be our first witness that were going to ask to come and give a deposition. Reporter meanwhile, four white house officials defied subpoenas by not showing up yesterday for depositions leading to what schiff says is evidence of obstruction. Both of them defied congressional subpoenas and refused to appear for scheduled depositions. As has been the case with other witness whose have done the same thing, this will be further evidence of an effort by the add a medicine strayings to obstruct the administration to obstruct the lawful and constitutional duties of congress. Reporter this has the first transcripts have been released of the closed door depositions. It was the u. S. Ambassador to ukraine. Today, theyll release two more, kurt volcke vo kerr and gordon sondland. Lauren the cameras are ready. Griff jenkins, thank you very much. Ashley a disturbing story, a fight over a popeyes chicken sandwich leads to a fatal stabbing. Lauren i thought it would all be good news about the sandwich. Apparently not. Tracee carrasco with the details. Tracee very disturbing. Reports say a man was stabbed to death last night at a popeyes in maryland. The fight was said to have erupted after someone cut other customers in line. Police are looking for the suspect. The popular chicken sandwich is back on the menu after it went out of stock in august. At least Nine American citizens and their children are gunned down by a drug car tel cartel i. Three mothers from utah and six of their children were driving across the border for a wedding when they were ambushed. The youngest victim, six months old twins. The other family members were kidnapped after the shooting of. Mexico is deploying troops to search for them. Washington nationals catcher kurt sd. Ki sporting a different baseball cap during the visit with President Trump yesterday. He wore a make America Great again cap and received a warm embrace from the president. He applauded the teams first tie tell in franchise story, calling it a comeback story for the ages. The mvp striking out a trump critic on twitter. A video appeared to show him avoiding President Trump during yesterdays ceremony but the video cut just before he turned back an shook the president and first ladys hand. The pitcher called the video fake news. And a black cat is still on the loose at met life stadium in new jersey. It ran onto the field last night and caused about a two minute delay during the giants, cowboys game. The cat eventually disappeared under a seating section. The giants say once located it will be taken to a vet for examination. And that is whats happening now. Arent black cats bad luck. Ashley well, they are of. Sadly, he gained more yards than anyone on the team. Lauren monday night football. Tracee, thank you. Let tas a look at your money this morning. No black cats on wall street. Look at this. Dow up 84, s p tacking on 8 andahalf, nasdaq jumping about 30 points this morning. What happened. Just a few weeks ago we were talking about recession and now stocks are at records. So how much higher can they climb . And donut lovers in one part of the country can breathe a sigh of res leaf this morning. They relief this morning. Had they may be getting Krispy Kremes a whole lot easier thanks to one young entrepreneur. Lifting me higher and higher. Your love i wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Was a more secure diaper closure. There were babies involved. And they werent saying much. Thats what we do at 3m, we listen to people, even those who dont have a voice. We are people helping people. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales, the diamond store. With exclusive bridal styles at zales, 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 or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Ashley recession concerns, huh, what reconcerns. Recession concerns. No one saw this coming. The dow, nasdaq and s p all closing in record territory yesterday. How much more can stocks rally . Good questions. Aalbert bener, director of strategy joins us now. We were talking in the commercial break there. Look at the numbers, the dow up nearly this is yeartodate, dow up nearly 18 , s p, 22 , nasdaq, 27 . Not bad. No, its fabulous, ashley. Youve got to keep in mind where we were last year, 2018. But still, keeping things in perspective. You look at the s p over the past 22 months, the average returns more like 9 . Bonds were higher. Ashley whichs i which is stre because Interest Rates are so low. Europe and japan you pay for the privilege of lending money to the government. You pay insurance in order to keep your savings safe. Ashley by actually not getting a return and giving something back. Well, you know, those are older populations. They dont have a he desire to consume tomorrow. So theyre trying to keep those savings safe for them. Ashley okay. Im with you. Listen, for investors, theres a lot of cash on the sidelines. Is it too late to benefit from this bull run . In other words, where do we go from here. No, no, i dont think so. We expect earnings will continue to increase. You have to make the distinction between the economy and the stock market. A lot of focus on the economy. You take a look at corporate earnings and revenues, we could see the dow, the s p 500 easily at 3300. Ashley by when in. . By a year from now and potentially 3500 p you by a year from you now, based on a relatively modest increase in earnings, 6 or so and maintaining valuation levels or perhaps moving them up. 17 times forward earnings seems to some people on the high side but thats not particularly relative to what bonds are going to return. Ashley we say this all the tile. Were the only game in town. The rest of the world is slowing down, certainly europe, much of asia and the moneys coming here because the Economic Data generally has been still solid. Right. But when we look at global data, particularly coming out of europe, germanys been in a recession essentially for two quarters now. But german equities have done very well recently, better than u. S. Ebbing which you is the. You have to factor out solve on the headline news. You want to buy stocks in markets like that when the economy is doing poorly because thats when you get the bounce. Ashley were beholden to the headlines from the latest u. S. China trade tussle. Feels like the markets believe this will get done eventually. Whats your feelings on that . Where do we go if we get phase one in place and looks like we could get a lot of what we want from the chinese. If we get phase one and we look like were going to get from the chinese, the markets likely to rally very strongly. From r where we are right now, were very cautious about that. We think there may be too much hope built into the expectations for a resolution there. Major real issues there between what were looking for and what chinas loo looking for. Ashley you threw a little coldwater on it but overall positive. Thank you for being here this morning. Lauren all right. Just waiting for my prompter to pop up. Google employees once again making their voice heard to company top brass. This time, publishing a letter asking the cfo to release a canwide climate plan and to drop any contracts that deal with fossil fuels. Google currently works with companies such as chevron, total and saudi arabias aramco, providing Cloud Computing services. Goo l gegoogle yet to comment os letter. Take a look at futures right now, you can throw coldwater on it but we have record highs. Nasdaq is tacking on more than 30 this morning. Coming up, how one customer had a service rep call her as she was browsing the companys website. Is that creepy or helpful . Ashley creepy. Lauren very big brother. Well debate i dont think theres any debate. Thats creepy. And a new comedy special on netflix may let you completely escape from politics. Well have those details straight ahead on fbn a. M. Let the music move you. Lose yourself tonight. Come alive. Let the moment take you beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. vo thewith every attempt, strto free itself,piders web. It only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Ashley all right. Lauren an internet shopper received a creepy phone call, very creepy. It happened on halloween which makes it more creepy. Ashley brett larson from fox News Headlines 24 7, joins us with details. The fact that it happened on halloween kind of was this a joke . Imagine if you will youre surfing the internets, youre on youre doing a little shopping and the site youre shopping on calls you. You know, and we all hear the anecdotal like i was talking about it in front of my smartphone and i saw an ad for it. This goes a step further. This is i was on the website shopping and they called me. A woman posted a tweet that said i was looking on wayfair and a Customer Service rep from wayfair called me. Wayfair says it was totally a coincidence, they were not watching her in realtime. Look on the website. Lauren did they say there was a connection between what she was browsing for and what the service rep was asking about. No, they were two separate things were going on at the same time. So like she was maybe shopping for a rug and they were calling about a chair. So thats were going to gloss over that one as just mere coincidence but creepy nonetheless. Soon enough, alexa will be saying are you sure you want to close that web browser because you still have things in your cart. You know thats going to happen. Library books, we heard the other day chicago did away with late fees and returns went up over 200 of people bringing Library Books back. In this instance this is kind of like check yourself. A many woman was denied a promotion because when they did a background check on her, turns out she had a warrant out for her arrest for an Overdue Library book, 90 days in jail with 500 fine was awaiting her. She had no idea that was on her record. Lauren she said she was driving at the time and when she was notified that the books were late and she could go to jail for this, she started to laugh, which is what i would do. Ashley jail overcrowding is one of the big problems in this country, now we know why. People arent rushing their Library Books many its horrifying because these are i feel like this is one of those things like you go to renew your drivers license and they say you have a warrant out for your arrest for a parking ticket from eight years ago. Because you know that it happens. It just happened to this woman with her library book. Lauren finally a story on he netflix and politics. They want to let you avoid politics. You know when you get the thing, skip intro, get to my show. Its my favorite button. Seth myers is adding this to his latest comedy special, you can skip the trump jokes. Any time theres jokes about the president , you can skip ashley its a gibbin give gim. It comes out today. Lobby bay yo baby, because e went into labor and she had the bababy in the lob. Lauren somlobby. Lauren you n 24 7 on sirius xm channel 115. Ashley take a look at your monday this morning. Lets see what markets are doing, dow up 87, nasdaq and s p up a quarter to a third of a percent. Still ahead, personality versus pocketbook, which one wins over as one top democrat says trumps reelection is in jeopardy because of his personality. Thats his opinion. Will a booming economy, though, help Voters Decide. If youre already tired of the election c

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