Transcripts For FBC FBN AM 20170411 : vimarsana.com

FBC FBN AM April 11, 2017

Lea japans nikkei index down three tenths of 1 and chinas shanghai composite ended higher by six tenths of an . Lauren United Airlines removing a passenger from their seat. We will have the latest on the story. Lea after the investor pushing all those due turnaround efforts are put to grocery up for sale. Chicago cubs hoist the world series championship flag at Wrigley Field and miami heat rallied to beat the Cleveland Cavaliers and keep their playoff hopes alive. Lea 5 01 a. M. In new york city. Welcome to fbn am, your first look at morning markets and breaking news. Lauren thanks for joining us. Good morning. Secretary of state Rex Tillerson scheduled to arrive in moscow after attending the g7 Foreign Ministers meeting in italy. His visit to russia comes at the white house issues more warnings against syrian government. Not just here, but the world saw last week and a president is going to ask decisively and proportionally in the justification when it comes to actions like that. I will tell you the answer is if you cast a baby, if you put a barrel on into innocent people, you will see a response from this president. Train to meanwhile commit senior u. S. Official said russia noted in by the assad regime Chemical Attacks. The russian operator drone flew over hospitalized at and said the attack were right in there. Hours after that a fighter jet on the hospital in what officials believe is an attempt to cover up the attack. Vermont is another this and other key issues, Maria Bartiromo will sit down with president Lauren Simonetti and exclusive interview tomorrow. You will want to miss the interview mornings its very afraid youre in the fox business network. Lauren wideranging to overhaul the tax system. Like berman at the white house with the latest. The administration recalibrating expect patients on when tax reform may take place. Back to last month when Steve Mnuchin told neil cavuto on fox business that it would be voted and signed by the august recess. On friday, kerry khan said he wasnt sure if it would occur in august or not. The White House Press briefing sean spicer would only say that he is hopefully tax break is coming. Americans are filling out tax reforms right now for 2016. This time mixture though followed up for 2017. I think middleincome americans have a tax cut by then. Reporter the white house pushing back on report that they are back to the drawing board. Instead the press secretary saying what they are going for right now is a major undertaking but he also said they are going through the normal process. Another white house official told me a tax reform unveils at least a few weeks away. Back to you in new york. Lauren and we way. Blake burman coming thank you so much. Trying to present it White House Press Secretary Sean Spicer said 20 ceos on the small groups to transportation, environmental protection, commerce and education at the white house budget director. Chavez promised to make investments in the great rose, and the airport. About 20 ceos are expected to attend including general motors, ibm and walmart. Lauren north korea taking tough measures to any military action that might follow the aircraft move up the peninsula. The Foreign Ministry says we will hold the u. S. Fully accountable for the catastrophic consequence is to be entailed by an outrageous action. This tough talk after the pentagon decided to send the Aircraft Carrier battle group to the western Pacific Ocean and that most come in after the u. S. Military used its naval destroyers to launch a missile strike on a syrian outfield. Lea lets get you caught caught up on Global Market action overnight. But making japan to, 311 . Hang Seng Hong Kong down to 31 . Shanghai composite in china hired by six tenths of 1 and the cost lower by one half of 1 . Lauren the ftse up 29 points in london. A slight decline for the cac quarante in paris. Lea u. S. Stock market futures lower by fort income as a mailorder bride to come in asset futures lower pay for. Well see if its the calm before the storm are positive or another they got. Commodities giving back he stands 17 cents. Gold for blacks. Investors focus on global tensions and corporate earnings. Shyness that is the chief Market Strategist at wunderlich securities. Nice to see you. Good morning. Nice to see you, too. Later this week with the earnings from the big names. How do you expect them to do and you expect fallback and what they guess the star performer . When we look at the banks in general, one of the positive attributes as Interest Rates are going up on their own. We start to see the Interest Rate improve falling steadily since november. We would like to see the spreads fighting out emergency better. The environment looks good. The space really hasnt recovered since 2007. The 10 sectors in the s p 500, and this is one that hasnt gotten back to his 2007 highs. If we get any money, Tax Reform Committee regulation and the repatriation of capital and infrastructure, all of those are positive. When you look at some of these banks in the early go, jpmorgan and Morgan Stanley said the best chance of another surprise. Valuations are very reasonable here. As you look at the group is out, either by the basket or if you need to pick a stock or two, Morgan Stanley and jpmorgan are your best bet. Lauren jpmorgan and Morgan Stanley. There is an opportunity to buy the weakness in this is a keeps wanting a better web. The matter what we see geopolitically. Its amazing how much bad newspaper at the market by their economic data, jobs number coming syrian airstrikes, weak auto sales and we certify the market that ended week so they started. To an extent this is a resilient arcade. There are plenty of things to throw out the next couple weeks as well heading into earnings seasons. Expect nations are relatively high. I think the expectation is high but i think we would be okay there. The major thing that could tip over the apple cart is probably something around a French Election or escalation in syria or north korea or something outside the u. S. Internally the function of when we get the president s agenda items to the table and voted on. If tax refunds get pushed out beyond the august break out will be the market. Lea the wall street journal pointing out small stacks have like behind big caps. Do you think there is value in allcaps . Absolutely. When you look at the rest of 2000, thats a great question. A stronger dollar we will probably get us through that by 2017. The evaluation argument they are. The problem is while we are waiting for the items to get moved in the legislation, we see a rotation o growth. Ill rotated to get more clarity on the agenda. Lauren vc investors by value signifies. But its a signal . Are they skeptical about economic growth. Less skeptical about economic growth. The gdp growth hovers around 2. 5 exiting. Lauren willacy. Chief Market Strategist at wunderlich securities. Lauren thanks, art. United airlines acing backlash at your there was forcibly dragged dr. Overbooked flight. , on, come on. Lauren you hear him screaming, other passengers react to encode the one of more one of four passengers to make room for a standby employees. They issued a statement this is what he said. This is an upsetting event to all of us here at united did i apologize for having to reaccommodate customers. Our team is moving with a sense of urgency to conduct a detailed review of what happened. We also reach out to this passenger to talk to him directly in further address and resolve the situation. In an email to staff, the ceo called the passenger disrupted and belligerent and said i had radically stand behind all of you. All of this is playing out in the market. Take a look at shares of United Continental and the free market out over 5 . This becomes a pr headache for the company. Lea i wouldnt want to have been want to have been one of those employees who took his seat after they were vacated. Investors snapping up shares of whole foods market. Jump 10 yesterday after they took nearly 9 stake in the company. Pushing pulses to speed up its turnaround in seeking a potential sale. Whole foods under pressure after the sales growth is. The shareholders, three employees also planned to run for state on whole foods board. The electric carmakers just about 50. 9 billion ahead of the gms valuation. Tesla shares disclosed that another record high yesterday getting over 3 on the day. Teslas acceleration in the stock market comes one week after the company passed the market. Tesla stock up 45 so far this year. Gm shares however moving in the direction. The white house issues a stern warning and syria. The answer is if you gas a baby, if you put a barrel bob into innocent people, you will see a response from the president. Lea with type two fox contributor Kristen Haglund to see what is next for syria. You are watching fbn am, your first look at morning markets and breaking news. Stay with us. Liberty mutual stood with us when a fire destroyed everything in our living room. We replaced it all without touching our savings. Yeah, our insurance wont do that. No. You can leave worry behind when liberty stands with you™. Liberty Mutual Insurance lea 5 15 a. M. In new york. Secretary of state Rex Tillerson arrived in moscow for her show this to. Vladimir putin will not need with tillerson. The visit comes at a time of increased tensions between the u. S. And russia. Over russias involvement in the u. S. Election and suspect his support for the chemical weapons attack. President trumps 1 trillion Infrastructure Program will be high on the agenda when he meets with about 20 companies. To also discuss tax reform and other Administration Priorities for the heads of general motors, ibm and Walmart Stores will be among ceos at the white house. United airlines has damage control after a video of a passenger being dragged from his seat on cairo. The arab forcibly removed the man when he refused an leave the flight to make room for airline employees. United shares are down more than 5 in premarket trading. A look at u. S. Stock market futures added the opening bell. Dow futures lower by 18, s p lowered by two and thats whats happening now. Transfer the white house warning syria about our military action. Secretary of state Rex Tillerson is meeting today with russian counterpart. Political analysts and fox contributor kiersten haglund. Good morning. Good to see you. We heard from sean spicer in the administration. Last week missile strike was in a one and done event. A wider retaliation for the most part. Is this a change in policy . It is a shift in eyes but thats her thursday night at this. You are getting mixed messages. Sean spicer came out and said its not just chemical weapons they look at. The bear upon the taxes so which are very crude weapons. Just there is a very, very quickly assembled alms and shrapnel. They cause a tremendous amount of damage. Talking about potentially many more lives lost. They are needed the option of retaliation doping. Part of it is unpredictable so they have more leverage. Lea they have these barrel bonds before. Those are not guided so they kill a lot of people. Nearly 24 hours after the attack on the operations resumed, hes been propped up by russia. Hes been prompted i have ran. The question for you is this. Do you think the political pressures come his own allies versus the u. S. Will prevent him from using chemical weapons again . At the interesting point Rex Tillerson will make when he meets with his counterpart. They made sure there were no more chemical weapons. What happened here . Is likely not going to use chemical weapons again. They are reassessing what this administration an entirely different strategic game now. Theres a lot of pressure diplomatically i think. You will see on the meetings this week. The u. K. And the u. S. Met yesterday and talked about the pressure. Theyll put on russia to make sure they know its no longer in their strategic interest to prop. Economic consequences as well. Lauren to the evidence of complicity that russia knew about this Chemical Attacks . Right. Thats what theyre finding out. The administration is not come out and set whether theyre in favor of sanctions, but that is one of the key pressure point. They have to be multilateral but juicy with the g7 meetings this week as well as todays partners as well. That cannot force russia to say leave, but pulled back so that assad has no more allies. Lauren kirstin haglund, thank you for joining us. Lea chicago cubs poised the flag at Wrigley Field and beat the Cleveland Cavaliers and keep their playoff hopes alive. More weather continues in the north east. Meteorologist adam klotz has the forecast. Nasdaq lower by six. You are watching fbn am, your first look at morning markets and breaking news. Stay with us. D c ministry d c in so youre having a party . How nice. Ill be right there. And the butchery begins. What am i gonna wear . This party is super fancy. Lets go. Im ready. Are you my uber . [ horn honks ] hold on. Dont wait for watchathon week to return. [ doorbell rings ] whos that . Show me netflix. Sign up for netflix on x1 today and keep watching all year long. Lea now look at the latest in the world is yours. Chicago cubs weighed 108 years for a championship. Another couple hours did not matter. After rain delay, the countries the World Championship in her over historic Wrigley Field last night. Ryan sandberg, herbie jenkinson Billy Williams in the 30 degrees weather there. The cubs players took turns pulling on the rope to raise the banner to bring the world series trophy to the cubs fans who waited so long for that moment. After the ceremonies, the cubs play the dodgers had completed their celebration with the 3to weigh in with their home opener. The miami heat kept their postseason hopes alive by routing Cleveland Cavaliers 124121 with one game left. They are tied with chicago so its in its regularseason game, miami hosts washington chicago host strickland and india host atlanta. The heat need to win combined with the loss by either the pacers for the bulls. Los angeles teams have cleaned house. They fired head coach Darryl Sutter and dean lombardi. Those changes come after the kings missed a playoff for the second time in three years. They have not won a playoff run since winning the stanley cup in june of 2014. Lauren it may be spring but feels like summer from the east coast. Meteorologist said they do say what their forecasts. Do we need sunscreen today . Yeah, its going to be absolutely fantastic. Already started one this morning on the eastern half of the country. Very warm temperatures piling up to 63 degrees in new york city. Cold air further to the west along the frontal line when you see some of the spring thunderstorms continue to fire up and its right along the line from ohio all the way to portions of texas producing borderline Severe Weather getting down from boston up into the dallas area. Double continue to slowly drift to the east. If you are the way of it, Pay Attention because it could turn into Severe Weather by the time they get going in the afternoon hours. You see a weakening in a lot of cases, but there will be spots where they say a little bit longer. On the west coast, we continue to fight the drought. We see more and more rain in the Pacific Northwest and portions of california. The big story for the eastern half of the country is going to continue to be incredibly warm temperatures and it gets warmer today. See the decrease in atlanta 80 degrees in new york city. Maybe mid80s before its all said and done. Warm at the next couple days and yes its a good idea to keep that sunscreen handy along the east coast for at least the next couple days. Lauren love it. Lea thank you of adam. Daddy back expectations on the timeframe for tax reform still promising to get it done. We are going to make sure we do it right with the input of all the individuals and groups. Congress had a longtime interest in doing it. It is a big deal. Lea will take a look. Whole foods gobbled up in a takeover. A look at the latest report. U. S. Stock market futures ahead of the opening bell. Dow futures lower by 23, s p lowered by three. Nasdaq lower by seven. You are watching fbn am, your first look at morning markets and breaking news. Online u. S. Equity trades. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. A new thermal imagining technology to inspect difficulttoreach pipelines, so we can detect leaks before humans can see them. Because safety is never being satisfied. And always working to be better. Does it look like im done . Yet . Shouldnt you be at work . [ mockingly ] shouldnt you be at work . Todd. Hold on. [ engine revs ] arcade game fist pump your real bikes all fixed. Man, you guys are good well, we are the numberone motorcycle insurer in the country. Wait. You have a real motorcycle . And real insurance, with 24hour customer support. Arcade game wipeout oh well. I retire as champion. Game hog champion. Lauren secretary of state Rex Tillerson on a flight to moscow to face tough talk from u. S. And russian relatio

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