Nicole japanese investors follow wall street, the nikkei down 1 2 and the shanghai composite index ending one third of 1 . Day 2 of the big tech ipo, snapchat parents snap 40 in the first day of trading. We will ask how it went and the help for snap investors. Amazon solve the mystery. A typo took down its Cloud Service and a big chunk of the internet. A shop at costco prepares to pay up, hiking the cost of membership and in sports Chicago Bulls top golden state, and in golf, Phil Mickelson shares the lead in the first round of the mexico open. We have the highlights for you. Warner welcome to fbn a. M. Welcome. Attorney general Jeff Sessions saying his meeting with the Russian Ambassador to the us has been hyped beyond reason. The attorney general on Tucker Carlson tonight. I dont recall any discussion of the campaign in any significant way. It was in no way a coordinating of an effort, doing anything improper, i dont believe anybody that was in that meeting would have seen or believed i said one thing that was improper or unwise. Peter barnes in washington with more. Reporter Jeff Sessions problem is during the confirmation hearing in january when asked if anyone in the Trump Campaign had any communications with the russians during the campaign he said, quote, i did not have communications with the russians but we know while he was a top Trump Campaign advisor he spoke to the Russian Ambassador to the us twice. That has Many Democrats calling for him to resign saying he lied to congress under oath. As a result of the controversy, in a press Conference Thursday sessions announced he will recuse himself from any involvement in any Justice Department investigation related to the Trump Campaign, but previously said he would only recuse himself if he personally were the subject of an investigation and he said when he testified his answer was honest and correct as he understood the question as it related to the trump president ial campaign and not his role as a senator and senators meet with diplomats all the time so he said yesterday he did not testify falsely. Let me be clear. I never had a meeting with russian operatives or russian intermediaries about the Trump Campaign, the ideas that i was caught in a, quote, continue exchange of information during the campaign between trump surrogates and intermediaries for the russian government is totally false. That is the question senator franken asked me. Earlier the president said he has total confidence in the sessions, adding he did not think sessions should recuse himself, he said he was not aware sessionss meetings with the ambassador and he thought sessions did testify truthfully at his confirmation hearing. Before the president spoke Senate Democratic leader Chuck Schumer called for sessions to resign but in a Statement Last night he said sessions should have reduced himself earlier and said the Justice Department should now appoint an independent special prosecutor to look into any Trump Campaign ties to russia. Trump issued a Statement Last night saying in part, quote, this whole narrative is a way of saving face for democrats losing an election everyone thought they were supposed to win. The democrats are overplaying their hand. The president also said, quote, it is a total witchhunt. Donald trump is reiterating his pledge for a boost in military spending. The president spoke to sailors and shipbuilders on a new Aircraft Carrier named for gerald ford. After years of endless budget cuts that have impaired our defenses i am calling for one of the largest defense spending increases in history. And by eliminating the sequester and uncertainty it creates we will make it easier for the navy to plan for the future and thus to control costs and get the best deals for the taxpayer. The president s cup coming budget and expect a call for 54 billion increase to military spending, today he scheduled to visit a Catholic School in orlando for listening session on school choice. Federal prosecutors arresting 13 gang members who allegedly killed three teens on new yorks long island, 10 of them have been in the us illegally. The suspects are members of the notorious ms 13 street gang, two of the victims, 15 and 16yearold girls were killed after being attacked by a machete and baseball bat lose the other victims were a gang member and killed for violating gang rules. Facing life in prison without the possibility of parole. Violence is a trademark of the gang, the murders of these three teens are particularly disturbing. One of the arrested gang members was previously deported. Snap soaring 44 in stock market but. The Parent Company of snapchat is worth 34 billion. Cheryl casone he is in snaps hometown of venice beach with the details. Reporter what a day at snapchat the multibilliondollar day, the ipo pricing at 17 a share opening at 24 and it was only up, up and away from there the company gaining 40 in the trading day. What is next for the company . Its founders are multibillionaires. Evan spiegel is worth 4. 49 billion and that is a rough estimate. We have bobby murphy, 28yearold, cofounder were 3. 6 billion, this is the thirdlargest technology ipo in history behind ali baba and facebook. That is where the comparisons end. Facebook when they started trading and close their first day was a bit of a stumble only gaining 0. 61 for the day. Twitter that first day of trading they had the stock gained 72 and twitter the company has struggled. What is next . They call themselves a camera company, snapchat says they want to get into the drone business and transformed the company into more than just an apps you send pictures and videos to your friends. The question for this ipo is for investors overall, this ipo good for main street or wall street . Both or neither . We will see where the stock goes. Back to you. Investors will be focusing on a new speech from the fed chair janet yellen. She is expected to join the chorus of other fed officials saying an Interest Rate hike is on the table, the next policy meeting is in less than two weeks. Other fed officials have suggested the central bank is close to its mandate for full employment and 2 inflation signaling a march rate hike is in the cards. The latest numbers from the cme just recently in the 30 range, now it is a 77. 5 likelihood that we will get a rate hike in march. Warn Global Market action overnight, the shanghai composite lower by 0. 3 , the nikkei down by 1 2 , hang seng of hong kong down by 3 quarters of 1 and the cosby in south korea down 1. 1 . South korean shares dropped to a two week low on earlier reports the china has ordered operators to stop selling tours to that country. Nicole lets see how europe is faring. All down arrows, right now we see the london footsie down a third of 1 , a lot of talk about teresa may under fire and also about another reform as well. Lets take a look at the cac quarante, that is down a 12 45 and the german dax down 1 2 . Taking a look at us stock market futures we are seeing on the board this morning dow futures lower by 49 points, is in the lower by 7, nasdaq lower by 15, the biggest drag on the dow was caterpillar, its shares came down 4. 3 following news that federal officials had searched its facilities. Looking at the key commodities, a little turnaround because oil is up . 13, had been down three sessions and ines sessions down 6 , gold pulling back, down 5 at 12. 27 a troy ounce. Shares of caterpillar took a hit after federal authorities rated some of the companys offices. Caterpillar cell 4 after the rate in peoria, illinois, and two nearby facilities. The company said it is cooperating with investigators in attacks investigation with billions of dollars at stake. Caterpillar issued a statement saying it believes the search focused at least in part on exports involving a swiss subsidiary. The companys annual report disclosed the securities and Exchange Commission had become an informal investigation. Warner amazons is a huge outage tuesday was caused by a typo. The others affected tens of thousands of websites using amazon to the Cloud Computing service amazons is one of its team members executed a command that was meant to take a few of the servers offline. That caused a larger number of servers to be taken offline than amazon intended. The four hour outage caused disruption slowdowns, failure to load errors across the united states. The push of a button. What a wild week for the market, stocks fell after posting their biggest gains of the year the day before. What is the future of the markets and the biggest tech ipo in years. We will just have to see how this plays up, trying to label themselves as a camel company. A lot of people view them as more of a messaging company. There is an issue with the lack of Voting Rights for shareholders. New York Stock Exchange floor trader keith bullets will join us with his outlook and heres a look at us stock market futures, dow futures lower by 50, is in the lower by 7, nasdaq lower by 15, you are watching mornings, your first look at morning markets and breaking news. The sky has shared the road cant be leave she got mad the sky has shared the road it is 5 15 a. M. Jeff sessions is saying his meeting with the Russian Ambassador to the us has been hyped beyond reason. Sessions agreed to recuse himself of investigation into the russian influence on the president ial election, telling Tucker Carlson last night that recusal is not admission of wrongdoing. President trump continues his call for an increase in defense spending. Speaking on the uss gerald ford, trump urged rebuilding the military. Costco at 35 million members shopping more at the discount store. Costco says as of june 1st the price of membership will increase by 5 and announce disappointing Quarterly Earnings results. Lets look at us stock market futures ahead of the opening bell, dow futures lower by 45, s p falling back 6, nasdaq falling back 13 and that is what is happening now. Warner the dow thinking after wednesdays recordbreaking day of gains and we also have the biggest tech ipo of the year. Lets talk about what is ahead for the crazy market and snap. Joining us, Senior Vice President on the floor every day trading stocks and that is where snap went public yesterday. 44 pop. Now what . That is the big question. There are a lot of problems investors had, what is the nonVoting Rights of the shares, the Business Model going forward, where they make money and advertise to a demographic that doesnt have a lot of money but listen. It was a hot ipo, a tech ipo, wellreceived in the market and on the floor of the exchange and the question becomes can the company turn a profit in 2017 . They estimate they will have 1 billion in revenue, quite a leap from where they are now and these are questions of the company by and large. It was a good ipo and opening day. The market in general for now, the dow the 15 since election day with the drop yesterday and a lot of optimism priced into the market. The market neutral, a lot of people say it is overbought, and a lot of indicators suggest when i look at the numbers and charts and technical formations. There is optimism about the policies, and other warning signs are stepping in. That brings us to the fed. We are hearing from janet yellen. It has surged to 77. 5 from the cme and we will see the rate hike. Your thoughts . We will get a rate hike from march. Going to get a rate hike . The fed has been good telegraphing their policy and we have to be leave them for what they say, they have been clear on that. We have five fed officials capping off with janet yellen. We expect a rate hike in march. Rate hikes are bad for stocks. We expect that and the economy is healthy. And that is what we have seen in the last 10 years. A stronger economy and stocks. So much controversy, the regulation will come and soon enough, the rollback and regulation and other things are going well for financial like a rate hike. I would keep buying the financials. They pulled back because they got very extended and you are absolutely right, the yield curve play, the growth play and regulation play and that is a trifecta of really good news. Keith bullets, and on the Stock Exchange every day, thanks. Warner gamers line up for the new Nintendo Switch, the game w. Had 36 hours of no sleep. This would exceed the ideals of anybody. Chicago bulls stopped golden state for the First Time Since kevin durand injured his leg was Phil Mickelson share the lead in the first round. We have the highlights. Lets look at stock futures, dow futures lower by 35, s p by 6, nasdaq by 13. You are watching fbn a. M. , your first look at morning markets and breaking news. Just go on i need you just go on i need you just go ahead do you play video games . After the prerelease both, the Nintendo Switch begins today. One of the big attraction to two gadgets in run, a console that can be used with your tv and be detached and used on the go but there wont be a ton of games, 10 titles are being released with the switch today. It sells for 299. The Company Hopes the switch does better than the we you, that was released five years ago and it was the worst telling nintendo console ever. Warner the latest from the world of sports, Golden State Warriors founding life without kevin durand is not easy. The first game since he is at his leg, 9487 last night. Clay thompson had 13 but the two hit just three of the combined 3pointers, golden states regularseason streak of 146 games without losses but the warriors got good news. The rent is expected to return to play this season. He can swing a golf club. Phil mickelson shares the lead in the first wtc mickelson championship, he shot a 67 it is joined by lee westwood, jamie walker, rob fisher, john romm and brian more. The shot of the day belonged to Justin Thomas for a 30, 100 yards away. There it is in the way. Thomas hit a low shot that pitched and hopped onto the green. And colin her neck kaepenick wont make headlines, he will stand during the National Anthem from now on. He protested social inequality by not standing for the starspangled banner. He says he will stand from now on because he made his point. He will opt out of contract with San Francisco 49ers and become a free agent next week. If he hadnt opted out he would have been released. They made their point too. Coming up an exclusive interview, and democratic contracts. It was in no way a coordinated effort doing anything improper. Twitter stock raises on its first day as well. What is the future for snap . We will take a closer look. You are watching fbn a. M. , your first look at morning markets for breaking news. Lauren breaking news. In an exclusive interview with Tucker Carlson, us attorney general Jeff Sessions says democratic attacks on his meeting with a russian envoy have been, quote, hyped beyond reason. We have the latest on that situation. Leah i am leah gabriel. After posting the biggest gain of the year the dow pulled back 100 points, the focus from janet yellen is a march rate hike on the table . A look at stock market futures, dow futures lower by 44, s p by 6, nasdaq by 12. Japanese investors follow wall street, many gay down 1 2 ahead of the weekend, the shanghai composite index down one third of 1 . Day 2 for the big tech ipo, snapchat jumping 40 on the first day of trading. We will ask a floor trader how it went and the future for snap investors. Amazon solve the mystery. A typo took down the Cloud Service and a big chunk of the internet. After posting disappointing profits costco hiking the cost of its membership. And sports the Chicago Bulls top golden state for the warriors first game since kevin durand ended his leg. Phil mickelson shares the lead in first round of the mexico open. We have the highlights for you. It is 5 31 on march 3rd and welcome to fbn a. M. , your first look at the market and latest breaking news and lets start with breaking news, Jeff Sessions saying his meeting with the Russian Ambassador to the us last year has been hyped beyond reason. The attorney general on fox newss Tucker Carlson tonight. I dont recall any discussion of the campaign in any significant way. It was in no way a coordinated effort doing anything improper and i dont believe anybody who was in that meeting could have seen or believed i said one thing that was improper or unwise. This as Many Democrats call for him to resign saying he lied to congress under oath. During his confirmation in january when asked whether anyone in the Trump Campaign had any communication with the russians during the campaign he said, quote, i did not have communications with the russians. He did not testify falsely because he did not discuss the president ial campaign with the ambassador. President trump issued a statement saying in part, q