Transcripts For FBC FBN AM 20170525 : vimarsana.com

FBC FBN AM May 25, 2017

Yesterday, getting close to dow futures up 72. S p futures up six msi creatures at seven teen. More about the bombing outside a Ariana Grande constant. The suspects brother and father arrested. Well bring you the latest development. Nicole glance at the airport may be getting longer. The tsa ramping up security, testing a major update to help you be safer. We will tell you all about it. Lea a great catch in the game but the yankees lose their Center Fielder for at least a week. The pirate piled on extra innings. Others had its comingout. Nicole good morning. Five of 1 00 a. M. rightparen new york. We welcome you to fbn am, your first look at morning markets and breaking news. Lea breaking news this morning. President shopping with european leaders right now as he continues his first foreign trip as commanderinchief. Then the president will attend a nato summit at headquarters where he is expected to push the 20th member nations to meet their commitment to defense spending. Blake burman is live in italy with the latest year good morning. Reporter currently, President Trump is that European Headquarters in brussels meeting with top e. U. Leaders come in many of whom have been very publicly skittish so far about this president in the beginning months of his presidency. President trump was a champion early on. Donald has come in the e. U. President interviewed on twitter last night saying he would aim the president of the europe atlantis ascendant the free world cooperating to prevent postwestworld order. E. U. Leaders pushed the president on issues like trade and climate change. As they were remaining at the belgian Prime Minister, he continued to keep his focus on terror. When you see something that happened two days ago, you realize how important it is to win this fight and we will win this fight. Its a horrible situation. What took place is horrible, unthinkable. But we will win 100 . Reporter to e. U. Meeting going on right now. Tonight or be omitted with member nations representing nato , and other institution the president has been critical of essays called for nato member nations to commit more to defense spending. The secretary of state said three yesterday on that issue. He wants to persuade nato members to step up and meet their obligations and you can expect the president to be very tough said the outcome of the 4 if we are doing a lot. The American People are doing a lot for your security commensurate security. Make sure you are doing your share. Reporter in between those meetings the president will have a oneonone gathering that the newly elected french president and manual macron. President will fly here to stay see what the g7 summit takes place tomorrow and saturday. Nicole lots to watch. Thank you, blake. Entropy joining us right now from a farmer in Army Intelligence officer and adviser to the u. S. Nato commander in afghanistan. Good morning to you, andrew. Good morning, how are you . Nicole grey. What can we expect from todays nato meeting . I would expect the president to formally become part of the coalition against the islamic state. Many nato members havent wanted to hang from the Afghanistan War barter with him in exchange for the president committing to article v of the nato charter and probably a private commitment to stop hatcher in and about increasing spending domestically. Lea so for the president has refused to commit to article v. To go further into what that means . Article v concludes a mandate that member nations come to each others aid if they are attacked. It the cornerstone of the alliance. Everything is an International Faculty meeting. Except for article v created of course to provide a mutual defense mechanism against russia. This is not automatic. Member nations have to declare that article v has been bleached. Actually a lot of wiggle room if the president says ive live in article v that the u. S. Will ever focus. Trained to attack about collaboration, the Coalition Fighting a sister in todays meeting. How about that . Absolutely. Articulate coming up to mondays bombing in manchester but there is a network involved a radical islamic terrorists. I think this is certainly the president s top priority. But there is genuinely a lot of concern among nato members that they just came out of the Afghanistan War and 20 for a minetas mandate expired is extremely unpopular even though it was for what is a good cause, the 9 11 attacks against america. None of them really want to see their governments be badgered for the next five, 10 years or more and more commitments to a conflict in the middle east. Nicole and repeat, thank you so much. The investigation and the suspects father and younger brother arrested in libya appeared libyan Officials Say salman abedi confessed to knowing all the details of the attack after being taken into custody in manchester. Authorities have made peter rest so far. It is very clear that this is the network that we are investigating nsa said, expensive investigations going on an activity taking place across Greater Manchester as we speak. Lea british officials are furious after forensic photographs of parts of the bomb. British Prime Minister theresa may to discuss that with President Trump discussing the the Intelligence Leaks when they see each other in brussels today. The Congressional Budget Office releasing this longawaited score. The nonpartisan report says the bill would leave at least 23 million more americans uninsured but under upon the care by the year 2026. A key part of the number is how many people would choose not to have Health Care Coverage because they would no longer be required. Representative tom mcarthur, author of this one of the key amendment is skeptical about the cbo. Days i respect in the world but they are not prophets. They are trying to answer questions that go out 10 years. Theyre trying to predict the state legislatures and governors will do and they dont know that the legislators and governors will be. And so i think its an Impossible Task to some degree. Nicole democrats in congress blasting the revised bill. Chuck schumer says the masseur help a millionaire, the gop plan would be a nightmare. Meanwhile, Blue Cross Blue Shield of kansas city said it will drop upon the Care Coverage in 2018. Treasury secretary before the finance committee is expected to get realtime taxes that the taxes then proposed budget. Told the house ways and Means Committee that lawmakers need to discuss that debt ceiling soon. I urge you to raise the debt limit before you leave for the summer. Is your preference for congress to pass the clean debt ceiling . That a clean bill but not include controversial addons. In march the Congressional Budget Office estimated the federal government would have to 20 trillion debt limit in the fall. Nicole republicans in todays special Congressional Election in montana goes with this has been charged with misdemeanor assault. After he grabbed a reporter and threw him to the ground in this Campaign Office last night after he was asked about the cbo report on the Gop Health Care bill. Im sick and tired of you guys. Get the out of here. Get the out of here. Are you from the guardian . Yes, you my glasses. Train to third ported injuries did not meet the Legal Definition of felony assault. Traveler should spend extra time and airport security. Tsa has announced its planning to expand Security Check point procedures at several international airports. Passengers will remove items like books, food and Electronic Items for separate screening. Tsa has been successfully Testing Operations at all airports and hopes to implement them at the lecture reports later this year. Stay with fox does this for live reports from around jeff flock on the story. Train to the Global Market actually been seen overnight after the dow, nasdaq and s p up five days in a row. We had record closes yesterday here at home in the nikkei up one third of 1 . Hong kong hang seng up in china up 1. 5 . Chris kospi up 1. 1 . European markets opened higher. Cac quarante higher by 12 in the dax powered by 10. Nicole record closes for the acid via nasdaq and the town not far away from his own record. Dow futures at 78 pages to be futures upsetting. Nasdaq futures at night team. Lea Oil Prices Higher as investors expect Oil Producing companies to extend their output cut. Well glorify 9 cents at 51. 27 a barrel. Gold higher by four bucks at 12. 68 rants. Nicole coming outcome of the Federal Reserve indicated central bankers arent in a hurry to raise Interest Rates but well still see unix acted rate hike next month. Make sure you grab your umbrella today. Whether on the way for a long memorial day weekend. Janice dean will have your thursday forecast. You are watching fbn am, your first look at morning markets and breaking news. You totaled your brandew car. Nobodys hurt, but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. Lea as 5 15 a. M. In new york. Lets get you caught up on whats happening now. President trump in brussels for the white house is calling tough talks with nato leaders. Hes been critical of nato and officials want to hear the u. S. Remains committed to the alliance. He will continue pressing other members about their spending obligations. The Congressional Budget Office out the scorecard and the Gop Health Bill and says the plan will lead 23 million more people uninsured for reducing the federal deficit by 119 billion next decade. Democrats say its proof of the bills lost at the white house says the report is inaccurate. The Transportation Security Administration is tightening security measures at some airports. Electronics larger than a cell phone must now be placed in a set or been to get through Security Check point so other smaller items like books and food must be taken now. Tsa trained to cut down on me in the back checks and keep the lines moving. Stay with us throughout the day for live reports from Ohare Airport with their own jeff flock. The lucky u. S. Stock market futures ahead of the opening bell. Dow futures payday, nasdaq teachers by 20 and thats whats happening now. Nicole the rally continued on wall street history of the same that i am trained s p to the second highest finish ever. The games coming up to minutes from the latest Federal Reserve policy meeting indicated central bankers are not in a hurry to raise rates. Joining us now come us now, just thought, chief investment strategist at Raymond James you good morning. Good morning, nicole. Nicole most people say to commit three, for rate hikes. Thats probably online. I think they raise in june. They said the weakness here is transitory. I think ill pick up strength as we go forward here and i agree with that. Lea yesterdays gains the finances didnt participate. When you take away from that . If you look at the Exchange Traded fund, thats a pretty key support area. Its important to watch the financials. It is tough to get a big extension on the upside that the financials dont kick into gear. Nicole lets talk about good fear index. The third lowest close in more than 23 years. What is this telling you . Well see the salad man go away the old wall street saying . I dont think so. Its losing a little bit of a subset energy over the next week or so. I think its going to reenergize and we will trade out again. You will stall here for a while. Lea some analysts say it seems to have changed based on the minutes we saw. I think the fed is going to continue to raise rates. They would continue to raise rates slowly. I was on the road for two weeks up until saturday this week. What i see traveling all over the western part of the country as things are pretty good. Restaurants are pretty full. People at that name money. I think the economy is stronger than the figures at chess. Lea you are big picture, stay the course, with such as do the best . Everybody has been hot on cap. I still like tech. I like financials, consumer discretionary. But i dont like is low volatility defensive names because they been bid up by people that have had to put money to work and have it believed the rally. You are paid outrageously in my view historically high valuation for some of the lowball defensive names. Lea lets talk about the gop plan to repeal a place about a care. What is your plan now that they have scored that plan . First of all, your other guests had it right. I dont believe the cbo train to project 10 years out. I dont think they are going to be able to get that through this year. The focus should be on Corporate Tax and tax relief for the corporations. That would do more to lift the market higher increase the earnings power in the u. S. Nicole jeff soth, telling it like it is. Thanks, jeff. Coming up, amazon may have driven bookstore chains out of business. But now, opening one of their own right here in new york city. We will tell you about the retail giant is brickandmortar store. The yankees as their centerfielder for at least a week. The pirates pile on extra innings against the braves. All those pilots are coming out. Lucky u. S. Stock market futures. Dow futures higher to 76. You are watching fbn am, your first look at morning markets and breaking news. Stay with us. Safety isnt a list of boxes to check. Its taking the best technologies out there and adapting them to work for you. The ultrasound that can see inside patients, can also detect early signs of corrosion at our refineries. Hightech military cameras that see through walls, can inspect our pipelines to prevent leaks. Remotecontrolled aircraft, can help us identify potential problems and stop them in their tracks. At bp, safety is never being satisfied. And always working to be better. Did you go tanning . Youre getting so tan. We need some sun. Protect yourself. Protect your friends. Stop tanning. Learn more at spotskincancer. Org tthats why at comcast,t to be connected 24 7. Were always working to make our services more reliable. With technology that can update itself. And advanced Fiber Network infrastructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Lea amazon bring its brickandmortar books raised to today. The first to two straight plan for the city in six party the open around the u. S. Amazon has become the largest bookseller accounted for 90 half of all book sales in the u. S. Tracey carrasco will be reporting later today. Nicole time now for sports. The yankees then the royals on the hill for the Yankees First pitch of the game. If it deep. Going back, crashes into the wall. He makes that great catch at the end of the inning with a concussion and a neck sprain. Third inning, yankees get all of what they need. Its a longrun offseason solo home run in his third of the season of one nothing. , the severing of dominated and finishes with eight shutout innings, seven strikeouts. Yankees want to win it 30. Pirate at the 10th inning connect game tied at five. The home run derby with one deep and gone with it to run home run. Gets a hold of one. It goes up for the farmer and jordan mercer goes back to back. The pirates scored seven in the 10th of may when it 125. The twohour rain delay in cleveland. Grabs an umbrella. Maintaining. The union said 32. Lee hamilton hits that looks like a game ending play. And then start to celebrate. Look again. Hamilton gets a foot down just in time to play would be overturned. Two iraqi hits that hard. You cannot make that catch. Hamilton rounds third and also scores the red wings closed one for3. We are also watching president abroad. Well bring it back. Nicole coming up, president meeting with european leaders. Hell meet with french president emanuel macron at todays nato meeting. Will have a live report of the first foreign trip as commanderinchief. The tsa ramping up security testing a major date to airport screening process. We will tell you what you can expect. Dow futures higher by 73. S p higher by seven. Nasdaq higher paid the team. You are watching fbn am, your first look at morning markets and breaking news. This not smart nicole breaking news that President Donald Trump ending with european leaders cited as many with french president emanuel macron. The president will attend a nato summit rates expected to have tough talks to push for a commitment to defense spending. Good morning. Im nicole petallides. Lea good m

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