Them in the stock market returns. The dow is down just a few points. S p futures down repeated lea in japan and make up almost. 9 . Shanghai composite down half . Nicole donald trump has the rest of pushes ambitious agenda for tax reform, Health Care Overhaul and Infrastructure Spending. Marissa mayer paying the price, giving millions of dollars in pay a massive Security Breaches at yahoo . Train to the Boston Celtics had the biggest win of the season. Number eight, louisville. We will have all the highlights for you. Lea 5 01 a. M. Your first look at todays markets in the latest breaking news. Nicole good morning, welcome. Trading on the New York Stock Exchange under the symbol snapped following third of december tech ipo. The snapchat act is known for disappearing messages get about 160 million daily active Cheryl Casone in venice beach comment with more. Reporter nicole and we have good morning. The secondLargest Technology ipo in u. S. History behind facebook back to 2012, snap going public is 17 a share. Valuation of 24 billion. A few things that have been somewhat controversial as the agent of ours the voting power the founders now have. Evan spiegel 26 years old. Bobby murphy 28 years old started this in 2011. They were stanford roommate spirit they will now have basically complete control of this company. For those of us to let it go of snap, you will not have any voting power. A lot of questions leading up to the ipo. The fact that the Headquarters Space nospace out. Standing in front of two main buildings in venice beach. Snapshot has nearly 30 buildings right now and of course a lot of protesters have been out here over the last several days because they feel a Technology Company like snap has no business being in venice beach. Maybe its a bit of a disturbance to the community. You say think you were very angry that snap is here. Why are you angry snap is in venice beach . The main concern is the interaction between their employees in the rest of the community. They dont do anything without reach for the community. They take parking spaces. They have fans taking people to their different locations like you said before, over 30 locations spread out through the venice community. Its very small, family orientated. Its their own culture they are coming in, not providing for the culture, basically hiding behind these clear painted windows and doing theirs secretive work. Reporter there you go. Heres one of the protesters. Several protesters have been out here every single day leading up to the ipo. We are hearing snapchat saying in response to the protest is they feel they are part of the community but that is certainly controversy surrounding the apo ipo. Lea Cheryl Casone in venice beach. Thank you. Nicole the talk about the major market rally. Senior managing partner at Meridian Equity Partners is joining us this morning. We are happy to have you. This is a monumental time. Weve been soaring since the election. Can this momentum continue . Investor sentiment is clearly in this arcade and liking what they are seen in the Economic Data is showing us our economy has gotten better. Whether they invest in the markets are home prices or using their capital to spend on other things. I think the market has reason to move higher. Like i said, Economic Data, earnings season and the other side is a patent no real headlines. Nothing has stopped the market for moving higher. Until we get a negative headline, the market will move higher. I would like to see more participation in this bradley. People feel like theyve missed their set some point. When it gets to that area come investors that they have to wait for it to fall back. The market will move higher. Lea do you see them this more room to run . Clearly when you look at financial stock is up 25 in the election, which is an astonishing number. Overall the Financial Sector has been in the spotlight for quite some time. Some significant pressure since 2008, 2009. President chavez has proposed to the hope the Financial Sector be much more profitable and also when you get to Infrastructure Spending in the Financial Sector will be able to lend money much easier. Trying to lay the groundwork for further most of the upside. Your firmness on the floor of the new york talk exchange. Who better to tell us whats going to happen. Snap ipo. What do you expect for this morning . Very exciting time for the industry and New York Stock Exchange to have an ipo like that. Its going to be a real historical event today. Something weve been waiting for a while. Its going to be a large ipo. We will see significant volume, whether they are investors. They make sure everything goes off without a hitch. The ipo pricing mechanism is what we do every day. Every time stock opens, we see what the buyers and sellers are. No different. This is something we are very accustomed to doing on a daily basis. They expect from investors like voting rights. Investors field where they dont have a say. You want to be an owner. You wonder how the voice and participate. Also comparing snap to other social media but there is facebook or twitter. They first came public in that concert will be there. Lea weve had so many successful openings. We are waiting for great win today. Thank you for breaking down and snap in this market rally. Well talk to in a day. President trying to speak before the uss gerald ford as he pushes his agenda. They need the super carrier under construction in virginia. , mcshane in washington with more. Reporter good morning to both of you. The president has a lot to do on capitol hill that today he will take his message to the people. He has to stop at newport news, virginia delegate and a plan to increase military spending and make the case for the economic benefit. He will be at a Catholic School in orlando. A chance to talk about education reform. Especially schools choice. Eventually the real sale of the agenda will have to happen in these halls and at least part of that is likely to have to include democrats. Hes not governing well. Hes not governing down the middle. Hes not governing in a way that lends itself to compromise. We democrats will continue to hold the president accountable. That is our job. Or democratic friends have different ideas on many things. The far left is pressuring them to burn the place down because they cant accept the results of last years election. Everyone does that wont get us anywhere at all. White house is hopeful of getting two of its biggest agenda item, Health Care Repeal and replace in a tax reform package done by the end of this summer. Back to you guys in new york. Lea treasury secretary Steve Mnuchin is optimistic about the tax plan. Mnuchin told neil cavuto that a reform package could come in the next few months. Our objective is to pass tax reform by the august recess. I think thats a very aggressive timetable, but realistic and something the president did i are committed to doing. By august, voted amid done a great. And signed. Turn to President Trump said his Economic Team is working on in historic tax reform. Lea neil cavutos interview could also help the sox yesterday. Lets get you caught up on Global Market action overnight reaching a composite down half of 1 . Gq japan up nine tenths of 1 . Hang seng in hong kong than two tenths of 1 . Nicole in europe, somewhat muted the london ftse down two points. Cacm france down twopoint and chirpy dax down 13 points. Lea look at u. S. Stock market futures ahead of the opening bell. Dow futures are up by two, nasdaq futures lower by three as well. Nicole watching oil and gold both under little pressure here. Oil down 44 cents at 53. 39 a barrel. Five dollars at this phone after being down two sessions. Trade to the big Security Breach at yahoo has made it proved costly marissa mayer. Because of the breach, 500 million accounts, meyer will not get annual bonus or stock awards. Yahoo investigation found her Management Team reacted too slowly to the breach in 2014. Yahoo s top lawyer resigned. The annual target bonuses 2 million a year and her annual southward is no less than 12 million each year. They lure the sale price to verizon by 350 million. The shares are up 15 in the past year. Both snap stocks fly like facebook . Certainly a lot of questions. A lot of concern and skepticism about whether snap can grow. With facebook, people understood it when they went public. Investors got it because adults were on it. Trying to woo a look inside that. How does that work . Will it always be just her millennialist . You are watching fbn am after a record close on wall street. Your first look at morning markets and breaking news. When you have 4. 95 online u. S. Equity trades. Lower than td ameritrade, schwab, and etrade. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. But who you invest with. Juswho own them,ople every business is different. But every one of those businesses will need legal help as they age and grow. Whether it be help starting your business, vendor contracts or employment agreements. Legalzooms network of attorneys can help you every step of the way so you can focus on what you do. Well handle the legal stuff that comes up along the way. Legalzoom. Legal help is here. And her new mobile wedding business. Tte at first, getting paid was tough. Until she got quickbooks. Now she sends invoices, sees when theyve been viewed andtadahpaid twice as fast for free. Visit quickbooksdotcom. Lea 5 15 a. M. Here in new york. Snap take its eagerly awaited debut on the New York Stock Exchange today. The owner is coming out to the biggest tech ipo ever pictures of 17 given in about 24 billion years the authors best known for disappearing messages. The live for the optimism feeling wall street. Heres a look at futures now. Ill flip to the green side up by five. As in the lower by two. Nasdaq lower by 1. 5. New controversy about the Trump Administration ties to russia appeared attorney general Jeff Sessions during the campaign while serving as advisor. Allegations fueling calls for a special prosecutor to be appointed to investigate the charge. He never got within a russian officials to discuss issues of the campaign called the allegation false. President trump will visit the shipbuilding yard in newport news virginia. The uss gerald ford. They will be commissioned later this year. Two days after the increasing defense spending by 54 billion. Thats whats happening now. Trying to snap as i was away from going public on the New York Stock Exchange this morning. Some investors to question whether the company can grow past its colonial users. How exactly does that chopper and will it be able to move her the older users, bolder than a millennium. Carly shimkus, fox news headline given us a look inside snapshot. An exciting morning. Absolutely. It is an exciting day. With all the hype, there the app itself. It sends pictures to friends that disappear in a short period of time. The concept was initially taken your essay, its become anything but a flash in the pan. Snapchat has 301 million active users with snappers and in about half hour a day on it. Twitter comes in at 218 million. 845 million users per month. People who use snap just say the appeal is the same gratification, kind of like a text message. Also some unique features to change the sound of your voice. The Company Faces challenges. 85 of users are younger than 35. The biggest concern is user growth. Some believe the company will expand as the younger users grow up and younger people take place at the pass. A number of users were right before they went public. It really shows that 301 million for snap, 845 for facebook. We have to be clear and has the spectacles. The interesting thing about snapchat is specifically money. Evan spiegel seems that the company has a Camera Service and that the prohibition of this articles were by the highend camera deal. It appeals to more affluent users. The people using akbar. They can also talk about advertising dollars, whos advertising on it. In an interesting way, the biggest name that snapchat beauxarts filters. Advertisers who use it are the companies to make money off of it is gatorade during the superbowl specifically you could take a stealthy and gatorade has a filter where it looks like a bike is gatorade was being dumped in your head. They also have other things that the discovery section when media companies, best media, can post articles were users can read. Although one of focus. Nicole im so upset we didnt see any pictures of you using snapshot or in that report. Eyelet are decoded as a puppy. The question i think this can snap shot, will they be using i dont use snapchat but had three teenage daughters. The thing that i find interesting is that initially i thought it was the pictures going back and forth. The push of newsfeed that my children get is very interesting whether its sports, entertainers and what they are doing or whether its travel information or other staff. They get pushed a lot of information and thats important, too. Fundamental filters and they might have to change that to attract an older audience. With better figure out what john looked at. Nicole carly shimkus, thank you for joining us. Breaking it down to the beautiful and any filter. The Boston Celtics had the biggest win of the season over lebron james. We will tell you why it matters and college hoops. Lake Forest Center number one louisville. You are watching fbn am, your first look at morning markets and breaking news. Stay with us. Nicole looks like recent troubles for uber have been paid off by lift. A lawsuit from rival alphabet over stolen trade secrets. An embarrassing video tv take it yelling. At the same time, reportedly pitching investors on new funding round. It hopes that the funding will bring in his 500 million in evaluation of the train 6,000,000,007,000,000,000. Investors including Alibaba Group and general motors. Based the nicole dumps untreated jumpstart sales. Sales of the device have been slow so dropping the price by 100 straight ahead. Now costs 499. 99 down from 199 shipping delays in the price that impact that the launch of the red back in april. Nicole now for some stocks to watch. Stay poster person for the open today struggling to keep up its sales or profits in the jails with growing online competition. Staples completed the sale of a controlling interest in its european operations to an affiliate of server capital management. Shares down 3 in the past year. Cosco scheduled to announce results for the Company Reported firstquarter revenue and earnings missed estimates. Cosco may announce an increase in membership rate on its Conference Call today. Cosco shares at 28 in the past year. Is the one abercrombie and fitch out of gas or the retail reports firstquarter earnings today before the opening bell. Investors fear the turnaround effort including possibles are closures and retail sales figures futures are down 60 in the past year. The big debut for snapchat on wall street, but not everyone is happy about the country in its hometown of california. Main concern is the interaction between employees and the rest of the community. They dont do any type of outreach for the community. They take parking spaces. We will take a look at whether snap will pass or not. Donald chow pushing the agenda. The speech started a monster rally on wall street. You are watching fbn am, your first look at morning markets and breaking news. Imate in 24 hours. My Insurance Company definitely doesnt have that. You can leave worry behind when liberty stands with you™ Liberty Mutual insurance Nicole Donald trump optimism of the economist spark a monster rally. Neil cavutos interview also given a boost to stock. Futures have been higher, lower, hovering right around the unchanged line. Good morning. I am nicole petallides. Lea good morning. I am tranfive and for lauren simonetti. In the face of a lot of questions by the social media giant future. The dallas starting today with a a 21,000 mark for the very first time. Checking in on stock market futures. Gallup six, s p futures down to. Lea asia stocks follow wall street lead. Nikkei up about. 9 and in china to shanghai to pass it down half of 1 . Nicole donald trump is about to push his ambitious agenda for tax reform, Health Care Overhaul in Infrastructure Spending. Yahoo Ceo Marissa Mayer in hot water after massive security of reach is that yahoo . Boston celtics has the biggest win of the season and a college hoops, wake forest topples number at louisville. Newline about the highlights for you. Lea by the one and the new york beard and his 5 31 a. M. In new york. Welcome to fbn am, your first look at morning markets and breaking news. Breaking news this morning. Snap to start trading on the New York Stock Exchange after it raised 3. 1 billion in its ipo. The app is best known for disappeared messages. A 10,060,000,000 daily active users. Cheryl casone in venice beach with more. Nicole and leah, good morning. The second Largest Technology ipo u. S. History behind facebook since 2012. Snap, the Parent Company of snapchat going public. A valuation of 24 billion. A few things about th