Transcripts For FBC FBN AM 20170327 : vimarsana.com

FBC FBN AM March 27, 2017

Same with the german dax. Lauren Oil Prices Fell last week. 47. 65 a barrel down to 31 . Oldest to win a race in 1. 5 last week and up again this morning. Nicole the dollar broadly lower. The yen is the big story. The euro, yucatan stronger against the greenback this morning. Lauren 5 01 a. M. In new york. Monday commercial in the seventh. Welcome to fbn am, your first look at morning markets and breaking news. We begin with a spirit behind the global south in the market that we are seeing ,com,com ma the white house regrouping after fridays failure to replace obamacare. The administration signaling that may increase its outreach to democrats if they cannot get enough support from hardline conservatives. All of this after the Republican Health care bill is pulled from the hospital friday following strong opposition from the Freedom Caucus. We are moving on the tax reform. Weve got the budget coming out. I think it is more or less a warning shot that we are willing to talk to anyone. We always have been and i think more so now than ever, it is time for both parties to come together and get to real reforms in this country. Nicole Senate Minority leader Chuck Schumer saying democrats are willing to work with the gop on improving the Current Health care lot if republicans agree to stop trying to repeal it. We have ideas, they have ideas to improve upon the care. We never said it was perfect. We always have referred to improve it. Reset retailers at the table. One other point, for the president to say that he looked right or undermine it, that is not president ial. Nicole meanwhile, jim jordan, the cofounder of the House Freedom caucus explaining his position. Instead of the blame game, lets get to work. Lets get back to work and do what we told the voters who would do. Theres does 17 of the country approved this bill. The fact we opposed it, we did the country a favor because they still didnt repeal obamacare. This bill didnt do with the told the American People we would do. Nicole for more on this, live report from washington in a few minutes. Lauren stocks under pressure this trading week it finally got the First Quarter after republicans on friday canceled a bill a vote on a bill to replace obamacare. Posting their biggest weekly decline weve seen in months. Not looking any better. That feature someone under 40 points and s p futures on 20. Gary b. Smith, edema or president joining us now. Investors looking for more business friendly progrowth policies from President Trump. How does the setback with the administrations Health Care Bill affect the plans to overhaul the tax code and pay for infrastructure improvement. You will be tough at this point. Its funny, last week we were talking about everything was going so smoothly, that we were kind of at least i was thinking theres got to be some big down day and maybe it turns out theres going to be down week or maybe a few weeks. My premise is based. The rally from the time trump got elected until just a week or so ago was all built on him being able to get things done, change things. The failure of the Health Care Bill to get any progress puts everything into jeopardy. That was just a single issue. You talk about infrastructure, which touches all 50 states, every senator or congressman and then tax reform, which touches every industry. You have to think what are the odds are that getting done. If those dont get done, then your premise for the whole rally since trump got elected are in jeopardy. We came off a tough week. It is their worst week of 2017. Weve seen the selling underway. What are your thoughts Going Forward . You use words like jeopardy. Theres still hope for tax cuts and believe that donald trump is a great president. Exactly. When did i become indicative nelly . Lets just say there is all gloom and doom and we gave back the 2017 games. That takes us to 19. 5 on the dow. If you say the whole trump riley based on that evaporates, that takes us down to 18. 5, where we broke out thereabouts. But then the positive. You have to think, even though things like this health care got stalled, hes going to be better for the economy. I truly do believe this then Hillary Clinton wouldve been. Certainly better than obama. I dont see us dropping much below that get to 18. 5 if we get there. Im positive that he can get anything through, infrastructure , but but especially for tax reform, which i do think there will be some progress there. I still think we can have a pretty good 2017. I think we need a drop down now based on all the reaction and rhetoric, regroup and then maybe smooth sailing after midapril or so. We got to leave it there. Gary b. Smith, kadina president and fox news contributor. Nicole michael euston, chief market analyst at cmc markets. Good morning, michael. Good morning. Trying to basically selling across the globe and worries now that health care didnt go through. What are the deals on trend Going Forward . Some people are optimistic. Your thoughts. Cap, i think when you cant get an agreement on Something Like health care, where i think there was a broad consensus amongst republicans that it didnt really need reforming. If you cant get any consensus they are, really what are the prospects for tax reform . What are the prospects for patent reform and infrastructure spend. Lets not forget the rally weve seen since mr. Trump was elected in november was predicated on significant reform on things like obamacare, tax reform and banking reform. If you cant get if you cant get significant reform on something, it really brings republicans together than the likelihood of significant tax reform and that calls into question the significance of any potential stimulus that market could be praising him. Thats why you see yields coming up in the u. S. Dollar coming up and also brought a commodity weakness. There is some doubt that some doubt setting in now about whether or not mr. Trump can actually go forward with an ambitious plan. Europe seen a reaction to all of this, too. The ftse 100 at a onemonth low. Bank stocks hit hard today. The u. S. Dollar giving up gains for 2017. How closely are you watching the dollar . Im watching the dollar very closely. The dollar index has fallen below the lowest levels this year to close in on levels last seen in november. Further boost lower on the back of the lower yields we see it could have a significant drag on equity markets Going Forward. I think theres potential for about 2000 on the s p. Michael euston, chief market analyst michael tran 11, chief market analyst at cmc markets. Lauren a new white house official confirming to fox news that the office will be run by jared kushner, trumps soninlaw and senior adviser. The office lease Business Solutions and according to the washington post, the office will be filled by Business Executives and bring new thinking to washington. Traded the Senate Judiciary committee expected to vote on Justice Neil Gorsuch next week before moving it to the full senate for consideration. More democrats voicing their support for a filibuster against him which requires 60 votes to break. Republicans currently have 52 seats. Senator Lindsey Graham on sunday morning futures. Is what i would tell my democrat friends. If you cannot find the courage to vote to give within 60 votes, we cannot find a better person for you to vote unless a a republican then youre letting the Senate Traditions go away. You give into political demagoguery and leading the country down. Nicole Justice Antonin Scalia with the leading figure. Lauren protest taking place in moscow and other cities across russia, thousands of people rallied in same petersburg and calling for top officials to resign. Dozens of arrests have been reported in what appeared to be the biggest protest since the 2012 demonstrations over allegations of vote fraud. The state department condemning the arrest which include an Opposition Leader is an outspoken critic of russian president vladimir putin. Nicole prosecutors to rest on criminal charges including bribery and abuse of power. A court will now decide whether it will issue an arrest warrant after studying the evidence. If arrested, it would be the first south Korean Leader to be put behind bars since two former military takers were imprisoned in the 1990s. She was surveyed from office earlier this month after the countries Constitutional Court upheld the impeachment. They sing in health care to see a spark in a Global Stock Markets morning as the white house is reportedly open to working with the democrats. I think the president disappointed in the number of people he thought were loyal to him that where. That all being said, i want people out there to understand that this president is not going to be a partisan president. Lauren live report from washington on the president s move from taxpayers. Dow futures down 187 points. S p futures down 20. Nasdaq down 45. Another 32 cents after 3 selloff last week. 47. 65 a barrel. You are watching fbn am this monday morning, your first look at morning markets and breaking news. Baby, you were born to run Liberty Mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. Yeah, my dad says our insurance doesnt have that. What . you can leave worry behind when liberty stands with you™. Liberty mutual insurance. Ing. 5 15 a. M. In era care. Your stock Index Futures pointing to a weak start to the day continuing the trend. Stocks are selling off globally after republicans canceled the vote on the bill to replace obamacare. The cannot futures for the downside. Meanwhile, President Trump took to twitter to attack conservative lawmakers for derailing the vote. The president signaled his willingness to work with democrats on other legislative issues. The Trump Administration condemning the arrest of hundreds of protesters in russia yesterday. Thousands of people took to streets in cities across the country to demonstrate against government corruption. Among those arrested with an Opposition Leader whose an outspoken critic of russian president vladimir putin. Huber is putting the brakes on itself trailing vehicles. The experiment after one crashed in tempe, arizona. Tempe police say another vehicle failed to yield at a traffic signal in a collided with the uber suv. That is happening now. The white house knows they claim its open to working with democrats as it shifts its focus from health care to tax reform. Griff jenkins live in washington with the latest. Hi, greg. Good morning. Hey, good morning. They dont have any choice because after failing to repeal and replace obamacare, the Term Administration moving onto the next next item, tax reform. We are moving on to tax reform. Weve got the budget coming out. We are willing to talk to anyone. We always have been and more so now that never come a time for both hardees to come together and get to real reforms in this country. The only problem and its been more than 30 years since the tax system had a Major Overhaul of a nospaceon republicans have a difficult time agreeing on things. Nevertheless, chairman of the house ways and Means Committee kevin brady says things are on track for this spring. We will move forward with the boldest tax reform in a generation. All throughout health care as well. We will continue to make improvements. We are planning to move this on the ways and Means Committee in the spring. Before that, they will have to tackle the simple task for spending bills, but already questions are being raised about the future speaker paul ryan, representatives mark meadows believes the caucasus to do with health care last week says theres no talk about replacing the speaker. Theres no conversation going on right now with regards to replacing the speaker. We are there to get this across the finish line. We are committed to the current speaker and make sure that what we do is get some consensus. The white house opened the door to working with democrats, but that was met by threats from none other than Senate Minority leader, Chuck Schumer, who said the who said the President Trump to undermine obamacare. An interesting week in washington already and its only monday morning. Lauren only monday morning. Chris jenkins connected a mac so much. Nicole the final four of the ncaa said. Gonzaga and south caroline have never been there before. Oregon was there in 1939 and North Carolina, lets just say this is not your usual final four. We will tell you all about it. At the box office, the beast once again a raunchy film about the california highway police. Where the california Highway Patrol. But that is out there. Nicole we will have all the Box Office Winners and a big loser. You are watching fbn am, your first look at morning markets and breaking news. I like the way you move i like the way you move i like the way you move nicole lets check on whats going on dow futures. Dow futures down 133, as in the future step 19. Down seven days in a row, longest losing streak since november. The worst week of 2017. The pressure. The pressures on after after the failed Health Care Bill last week. Lauren. Lauren once again, disneys tale as old as time tryouts at the box office. We must be here. Whos there . Come into the light. Lauren the liveaction picture remains number one and grossing nearly 700 million worldwide. In second place, teenagers fighting alien invaders. But a Power Rangers movie bringing in 41 million, knocking skull island down to third place with 14 million. The new scifi horror film took fourth with around 12 million for loken rounded out the topfive polling in 10 million in its fourth weekend. Lauren at this time out for sports. We start with the finish in the south regional ncaa mens tournament and North Carolina versus kentucky. This is unbelievable and he turned in a classic. Carolina looks in control, but kentucky very slippery. Kentucky down one. Now watch carolinas Justin Jackson and bound and he seeks all alone at the court, makes the lead. North carolina had three. 11 seconds to go. He knocks down three to tie the game. Carolina against the timeout. You may not come the jumper for the land. Here it is, all in slow motion. Merit carolina begins its 175 to 73. They advance to the final four for the 20th time. They will take on the oregon ducks with a gut wrenching loss for kentucky. After the game, fought back tears. It will be difficult to get over. Thats all i got. [inaudible] nicole florida hoping to win South Carolinas improbable run late second half. Javon allen makes the bank shot. Gators up to with two minutes left. South carolina on the run. Game pktika, under a minute to go, South Carolina finds bart getting nervous. His team is resilient. Seals the deal. South carolina winds that come at answers to the final four. First time in history. The first time i had a house full of people that lastminute shouting, screaming icily keeps going back and forth. Lauren awesome game. Before you have the greatest learning, literature monday morning forecast with fox meteorologist, addon klotz. A couple areas i want to highlight in the northeast. Mostly springlike with a little wintry mix as well. Youre talking about massachusetts. Are there to the north, often on snowfall for the higher elevations. Rain stretching down from boston to d. C. None of those big storms. There is some potential for Severe Weather in the middle of the country. Thunderstorms moving and insert quidnunc is getting over towards nashville. This is your Severe Weather threat for the today. We talk about underscore items and tornadoes a little bit today. Nicole the white house supported the right to open the door to democratic support if it cannot get support apartheid conservatives. We will have the latest on the situation. You are watching fbn am, it doubt teachers down 122. Your first look at morning markets and breaking news. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Nicole breaking news this morning. Republicans say are on obamacare sparked a selloff in global stocks. Good morning. I am nicole petallides. Lauren good morning, everybody. Im transferred. The dow down 59 points announced a global stock market selloff. The dow is down for the extent appropriate futures down row. Futures down 126 points. The longest losing streak in five and a half years. Trade to the japan nikkei lost 1. 5 . The shanghai composite down a 10th of 1 . Lauren stocks open lower in europe as well. The ftse down 47 points in london and the dax in germany down 90. Nicole commodities like oil prices down. Under pressure today down more

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