All it eyes on south korea. They removed the president from office. They rise a third of a point on the news. On the back of the global selloff. Bond prices slumping. There up above 2. 6 percent. In taking a look at wiki leak founders juliana sarge. To hack into smart phones, tvs and is even legal. A big upset and college hoops. The good down to tcu. The Oklahoma City thunder put a stop to that seen in audio spurs winning streak. Good morning its friday, march 10. We welcome you to fbn am. Lets do it. The final time this week. After republicans advance their Health Care BillVice President mike pence laying out a timetable for the legislation. There was a choice between the obama care between mandates and in the heavy hand of washington dc versus unleashing the power of the free marketplace. Because of the leadership and support here. I am confident we will repeal and replace obama care and it will all be done by the spring. Blake burman at the white house with that part of the story. Mitch mcconnell saying it might take longer than expected. An event here in washington. The majority leader was asked how bullish he is on both healthcare and tax reform happening my august. Mcconnell said tax reform might get pushed down the calendar. I think of finishing a tax or formidable take longer. But we do have to finish the health care debate. Up or down, win or lose. I asked sean spicer if it is still realistic. He was optimistic. You are going to see others work on the concourse. When you talk about all of the timelines there is just a little bit more than 60 legislative days in the house between now and the august recess. Back to you in new york. Also breaking this morning. At least four states joining hawaii to challenge the revised executive order. They are massachusetts, oregon and messages us. It still amounts to an unconstitutional ban on muslims. The press Secretary Sean Spicer said there is a revised order will stand up. It has scheduled a hearing for next wednesday. Three and half hours from now we find out how the labor market is doing for the very first time under the Trump Administration when the government releases they are looking for hundred 90,000. It is expected to fall from 4. 7 percent. When we speak with chief economist. In just a few moments from now. We will have complete coverage in analysis of the february jobs report on mornings with maria starting with it a. M. Eastern time. Ending a new low for 2017. They had priced it. Hes with us. Phil, thank you for coming on. We are still blindsided by this selloff this week. Its been amazing. Your thoughts. This is a major selling. It is a major selling. And to be honest with you what we need to do is we need to get this oil market back above 50 or it opens up the door for much steeper losses. Mainly because we have that record the record long position in the market. People were betting on higher prices than earlier in the week. Everybody had to change the religion. We dont get back above 50. It is going to stop. I think thats good for the american producer. How will they responded to the fact that prices are going down and also how much further down do you think they will go. I think they need to do some shock and are to get this market back up. And its can be difficult because saudi arabia said we been carrying the load here. We need the nana pack producers to step in. Not getting help from the other producers. If we dont see that markets are to recover here quickly we could talk the low 40s. We are probably 9 below the average price for u. S. Shall producers and thats not good. We will start to see production fall. Things for coming in and breaking it down for us. Is a day of reckoning. German automakers expected to plead guilty this morning. They could also be sentenced by the judge in the case the company agreed in january to plead guilty and pay. For programming more than half a million diesel vehicles to cheat on the missions test. The criminal charges have also been filed against seven vocal swag employees. They are formally removing the impeached president from office. This comes months after a major Corruption Scandal the whole violent protests list two people died in the protest. Necklace higher up one third of 1 . A shocking announcement from the wiki leak founder. After the hacking bombshell. We have the details. For the First Time Ever they will team up with Tech Companies to help them secure their devices. He will give google, microsoft and apple exclusive access to hacking details so they can prevent their devices from being used as spyware. How long do they have to wait until their devices are secure. He said some of these could be complete in two to three days others not so simple. Some of them can take a lot longer to fix. There is no automatic update to the system. So people have to manually try to pull something in. If youre not aware with it. The problem is not fixed. It could cost manufacturers like apple and google billions of dollars in damages but they stand by the leak because he thinks they have a right to know the security of their devices. Its important to put pressure on the companys to make security something that the market cares about. They are to a degree already responding. It is what google did initially. That maybe they want to discuss it. Its significantly more insecure than ios. He blasted the cia for creating weapons he said our untraceable. They shouldve worked with Tech Companies to protect them from their own cyber threats. Here is a look at some of the headlines in todays edition of the wall street journal. They cast as a fastgrowing rival. There is a stinging analysis that says the company is more like a professional operator lego fails to click in the u. S. Despite a jump in marketing spending. And new on your restaurant tab a labor surcharge. Their footing the bill for rising minimum wages rather than raising menu prices. Many restaurants are adding surcharges of three to 4 as they say are needed to offset Rising Labor Costs and they did exactly that in my parking garage. I now had a labor charge. Guess its how they get around raising prices. On how high Interest Rates could go when the fed meets next week. The report is very strong. Look for them to signal a lot more about whats coming and in the rest of the year. The market responding positively ahead of this data. We are up 60 points. S p up seven they have essentially been down all week. Oil rises the longest losing streak. And guess what. In march people across the northeast are bracing for yet another snowstorm youre watching fbn am your first look at morning markets. Stay tuned. Hi my name is tom. Im raph. My name is anne. Im one of the real live attorneys you can talk to through legalzoom. Dont let unanswered legal questions hold you up, because were here, were here, and weve got your back. Legalzoom. Legal help is here. Did friday morning. Lets get you caught up on whats happening now. Vice president mike pence making a bold prediction about the passage of a new healthcare law. He said that one will be in place by spring. The current bill has advanced through to house committees but theres plenty of discord on capitol hill. This version of the health law overhaul is going fast. Massachusetts, oregon new york in Washington State say they will join hawaii in trying to stop the order from taking effect. They said the president s new order still amounts to an unconstitutional ban on muslims. A federal judge has filed a hearing for next wednesday. The first jobs report to cover that. They are looking for 190 thousand jobs to be added. The and implement rate implement rate expected default to 4. 7 to 4. 8 . Were watching futures right now i head of thes job report. Its up 57. It has been a down week overall on the market. We can turn today. C2 we are going to get that february jobs report giving us clues to how high the federal reserves will hike Interest Rates this year. Lindsay, good morning. Thank you so much for getting up early to be with us. Is essentially all but guaranteed that we get a rate hike next week. E first of severe hikes this year. Is there any number that would be so bad that would stop a rate hike from happening. As you mentioned theyre looking for an increase of around hundred 90,000. Will leave us apart with the trend rate. It is a pretty steady level of job creation but for the fed is going to be less about the top line number and more about wage growth. It slowed from about 2. 8 down to 2. 5 . Continued deterioration in the pace could leave the fed in a difficult situation. Theyve talked up a march rate kite. They may decide to push that increase our intelligent or beyond. I think its a done deal as of yet. Wage growth is so key. How many rate hikes do you think we will see this year and what elements do they really look at other than the jobs report. I think theyre motivated by the fact that we have not seen any further bad data. Maintaining this modest pace of Economic Activity is good enough. I think with the as a background we will see a potentially as many as two rate increases this year. I think its a pretty conservative number. Its more than weve seen in the past couple of years but is still a step in the right direction. I say this because fiscal policy is still a big uncertainty a big shadow this overhang in terms of the Directional Movement of the economy. We also had a potential amount of volatility. There is still a lot of different variables that they have to consider when they talk about the longerterm pathway. The ten year treasury has been rising eight days in a row. I think right now as if seen in a scene in the fixed income market. As we grapple with that reality is that the Trump Administration is going to delay or even implement a light version of what was proposed on the campaign trail to see rates come down to palatable rate. Your thoughts on the economy. Getting better what he think. We are far from robust but we are no longer in a fearful stage of continuing to lose momentum. They go down in the nba. They put our stop to the winning streak. Meanwhile what is the future. Will he be headed to capitol hill. Well had that story for you. The first look at morning markets. [music] its just getting started. i moved upstate because i was interested in building a career. I came to ibm to manage global clients and big data. But i found so much more. its really a melting pot of activities and people. applause, cheering new york state is filled with bright minds like victorias. To find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. Search for our page, im going to the bank, to discuss a mortgage. Ugh, see, you need a loan, you put on a suit, you go crawling to the bank. This is how i dress to get a mortgage. I just go to lendingtree. I calculate how much home i can afford. I get multiple offers to compare side by side. And the best part is. The banks come crawling to me. Everything you need to get a better mortgage. Clothing optional. Lendingtree. When banks compete, you win. Okay . Awkward. I will be back. Can the terminator keep his promise. The former california governor had announced he will not be returning for another season. Present trump fired back. He was fired because of the bad ratings. Lets take a look at the latest from the world of sports. Suspended one game for his role in a traffic accident. Complete with a fourpoint play. Less than ten seconds to go. The fires of the three and then he thought was. The last chance. Pulls up the upset over number one ranked kansas. Later in the night baylor taking on kansas state. For the uncontested dunk. It still on the drive. Seventy64. The ready to tingle. They get their own rebound in the back is in. They go on to win 10292. Congratulations to him. First ever. Now that has passed its first major hurdle in congress how quickly can it be put in place. Because of the leadership and support here in the congress im very confident we will repeal and replace obama care. They promise to help Tech Companies find Software Flaws. Is it legal. To take a closer look. [music] after republicans advance their Health Care Bill through to house committees Vice President mike pence lane out a timetable for the legislation. Its really a choice between obama care which was about government mandates and taxes they are on the power of the marketplace. Because of the leadership and support here in the congress im very confident we will repeal and replace obama care and it will all be done by this spring. Peter barnes is in washington. Peter is back with more on the gops plan. To explain the repeal and replace the process stepbystep. Ryan was trying to clear up confusion about it and about criticism of it i some members of their own party. He talked about a threepronged approach. It cannot be filibustered in the senate. And then administrative actions and finally another big bill with other changes like allowing a sales of his Health Insurance across the state line. He urged fellow republicans to stay the course. This is the closest we will ever get to repealing and replacing obama care. The time is here at the time is now this is the moment and this is the closest this will ever happen. Democrats well had that. Are you a senior. He tweeted out yesterday. Healthcare is coming along great. We are talking to many groups. Also breaking this morning at least four things. On the travel ban and the states, massachusetts oregon and Washington State. They still have that. They said the revised order will stand up to legal scrutiny. A federal judge in hawaii has scheduled a hearing on this for next wednesday. We will find out how the labor market is doing for the first time under the Trump Administration when the government releases of the federal very jobs report. They are down. The Unemployment Rate expected to fall. We will take a closer look at what to expect in the jobs report. Well had we will have complete coverage and analysis. In the wage growth is expected to pick up. Will price is another big story. Sliding once again. Ending and a new low for the year. Below 50 per barrel. Theyre joining us now with the latest. Its incredible. This market right now. Oil is on lifesupport. It really means to get a pulse today and get back about the 50 per barrel area. In the better do it very quickly. After the incredible build and crude oil industry this market broke out of a sideways pattern which is usually very bearish. We can recover. But if not there has in some technical damage that is not only going to damage the price of oil but perhaps create a shortage of oil down the road. Im just a plain old fundamentals. We checked all the stories that go with us. What are they telling you. It is good and is bad. The good news is they are going to make a comeback. The International Agency that i agree with is very concerned about a major price spike in the future because of the lack of investment. We did a selloff to the low 40s. What are the chances that we havent seen the full effect of the opec production cuts yet. They are still coming on tankers that were preloaded. We may be looking at this insane we have all of this oil but three weeks from now we may have zero and points imports. Still we appreciate your time this morning. It is the day of reckoning the german automaker is expected to plead guilty over three criminal accounts. They could be also sentenced by the judge in the case. And pay 4. 3 billion in fines for cheat on u. S. Admission tests. They also admitted to lying to investigators. They have also been filed against seven employees. This comes months after a major scandal. The supporters at least two people died in the protest. It closed higher today. A the wiki leaks found are founder promising to help Big Companies with their Software Flaws after the bombshell. Hillary barnes has the details. For the First Time Ever wikileaks will team up with Tech Companies to help them secure their devices. He will give them exclusive access to hacking details so they can prevent the details from being used as a spyware. I ask him this and he said some of these fixes could be complete in two to three days. Some of them can take a lot longer. Possibly like the sansom tv. There is no automatic update. They have to manually manually try. The only people who are aware of it can fix the problem. The league could cost manufacturers billions of dollars in damages but he stands by the leak. They have a right to know the security of their devices. Important to put pressure on those companies to make security is something that the market cares about. They are to a degree already responding. Maybe they wouldnt discuss it. They are significantly more insecure. Theyre untraceable and unaccountable. He said the cia should have worked with Tech Companies to protect u. S. Devices from their own cyber threats. Lets take a look at some of the headlights in todays addition of the wall street journal. Air b b is a fastgrowing rival. They had issued a stinging analysis seen as more like a professional operation and then a casual sharing service. The Company Reported a flat sales here for the full year despite jump. On the restaurant tab a labor surcharge. Diners are footing the bill for raising minimum wages. Many restaurants and states including california, colorado in new york are adding surcharges of three to 4 are needed to offset Rising Labor Costs. On how high Interest Rates could go this year. Look for them to signal a lot more about whats coming. I think we will get at least three hikes this year. We have to tell you though. For the week we are to the downside. Oil 4948. Its up 19 cents. Snow in march. People across the northeast are bracing for some snow here. Stay warm. Youre watching your first look at morning markets and breaking news. Bp developed new, industryleading software to monitor Drilling Operations in realtime, so our enginee