Lauren this is how stocks ended at the trading day in asia, in nikkei up a third of 1 and in china about two tenths of 1 . Cheryl acquire one of the companys largest administration businesses, will the deal go through . Lauren 5 01 a. M. In new york. Friday july the seventh, good morning, im lauren simonetti. Cheryl great to have you back, good morning, everybody, im cheryl casone, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Lauren we begin with this breaking news. President trump attending a g20 summit in germany ahead of first face to face highlyanticipated meeting with russian president Vladimir Putin. Cheryl mine wheel protestors clashing with police and violent demonstrations. Blake berman live with the latest, blake. Blake good morning here from germany, 3 45 later in the afternoon in hamburg, 9 45 back on the east coast. Thats when President Trump will have first meeting, face to face with Vladimir Putin, the russian president. The president gave a bit of a vague preview earlier this morning from hamburg on twitter saying the following, i look forward to all meetings with World Leaders including my meeting with Vladimir Putin, much to discuss. Now, that was a bit of mix messaging from the president as it relate today russia, there was skepticism surrounding comments that he made involving rubbian meddling saying it was probably russia, could have been other countries but then he added, quote, no one really knows, however, later in the day he took a much harder line against russia by saying that they need to join as he put it the community of responsible nation. We urge russia to cease its destabilizing activities in ukraine and elsewhere and support for hostile regimes including syria and iran. Make blake now, the g20 is now underway, on the eve of the meetings last night. There were protestors by the thousands that took to the streets here in hamburg, they were met by police in riot gear. The protests lasted for hours. We expect as you probably heard or even saw those folks behind me there, that these protests will continue throughout hamburg today and into saturday and one person who was expected to be joining those protests on saturday, the new york city mayor bill de blasio according to his public schedule he will be coming here to germany in a couple of days. Back to you, guys, in new york. Lauren amid another trail derailment in new york. Blake berman, thank you for the report. Cheryl as tensions continue to rise with north korea, defense secretary jim mattis says that he doesnt believe the u. S. And the north are closer to war. Diplomacy has not failed. It is our selfrestraint thats prevented war, any kind of effort by north korea to start a war would lead to severe consequences. Cheryl well, this comes after north korea successfully test fired first Intercontinental Ballistic Missile earlier this week. Meanwhile in the speech ahead of g20, south korean moon jaein is willing to meet with kim jong un at any place. Lauren u. S. District judge denying an emergency motion filed by hawaii to expand the exceptions to trumps executive orderer banning travel from the u. S. And six muslim countries. The Supreme Court rules last month that only those with bonafide relationships with family or businesses can enter the country. The judge saying that question is up to the high court to decide leaving the ban in place. Cheryl big story this morning. Billionaire warren buffet plan to go make a bold move. Lauren hes buying the crown jewel. Tracee carrasco with the details. Tracee a unit of warren buffet said it would acquire oncore. According to a reuterss report yesterday, it agree today buy dallas based bankrupt parent for 9 billion in cash. Now, this is a bold move by buffet who is trying to win approval from texas regulators after they blocked two earlier attempts to sale oncore. A deal they said its not in the public interest. Chief executive shepherd said in statement to reuters by joining force, whether he gain access to additional operation, operational and Financial Resources as we continue to position oncore to support the evolving energy needs to our state. In 2013 buffet lost 873 on 2 million bond investment, so for him this deal marks a return to investment gone bad. Lauren what does this mean for warren buffet and berkshire . One of the largest acquisitions. As far as oncore, 10 million customers, 73 million income, quarter ending, Berkshire Hathaway energy, they have six big Utility Companies and they add to that. Cheryl tracee, thank you very much. We also have the story following for you, samsung saying it expects secondquarter operating profit going to hit a record high thanks to boom in memory chip sales. Company estimating it made over 12 billion. Up more than 70 a year ago, massive growth and data. Samsung, the news coming after the company was force today recall the galaxy note 7 smart phones last year after several of them overheated and a couple of them caught fire. Lauren the biggest economic report of the month comes down in about four hours from now, three hours from now, an hour before the market opens. The june jobs report could be another disappointment though. We have seen payroll growth missing expectation in march, april and in may. This what exists are looking for for june. 179. A thousand new jobs added, 138,000 in may. As for unemployment rate, thats expected to hold at 4. 3 . We, of course, will have complete coverage and analysis of that jobs report on mornings with maria, it all starts 8 00 a. M. Eastern. Dont miss it. Cheryl big question with the report is it going to show a slow month of hiring . Rob, good morning. Hey, good morning, cheryl. Cheryl yesterdays adp, that actually showed the private sector weaker than expected, 158,000 jobs for june. That has some understanding if today will be a disappointment. I guess, cheryl, if theres a Silver Lining is really theres not a lot of correlation if you look back through history in adp report and jobs report. Just because the adp report was disappointing doesnt necessarily mean that todays jobs report was disappointing. However, the trend in the last several months with the jobs report has been a little light, so i guess given that trend, it wouldnt surprise me if that one is a little bit light too. Lauren which suggests, rob, good to see you, weve had 200,000 jobs created every month, that is behind us, as for unemployment rate, do you expect it to ever soon go below 4 . [laughter] well, lauren, its certainly within the shooting range. Lets put it like that that the unemployment can go above 4 . We are certainly starting to reach a point where economists call full employment where we just cant drive the unemployment lower but i dont think we are quite there yet. Cheryl lets talk about wages, rob, forecast 4. 3 ,. 2 was gain that we got for may. But that seems to me to still be fairly low if you really want a strong economy. Yeah, cheryl, do i think that that tends to be low and and lies a problem for the fed because theyre at a point now where they would like to see a little bit of inflation, theyre raising rates because the economy is expanding and thats all good but where is the inflation and i guess the first place we might see it is in Wage Inflation and we are just not really seeing it yet. Lauren the fed is certainly watching for Wage Inflation. You look year over year, we see wages going up 2 . I know that seems crazy to say, wages are growing too much, do you think thats something that the fed is watching as they go to control inflation . I think thats probably front and center and even in the jobs report today, there are items, statistics relates to inflation that theyll be looking at. So its definitely right at the top of their list, im sure. Cheryl before we let you go, federal reserve, obvious the jobs report today will be a piece of the puzzle whether or not they decide to raise shortterm Interest Rates again. Third raise this year. How likely is another fed rate hike from the fed in your opinion . You know, based on the commentary from the fed governors and the minutes, i think we are definitely going to see at least one more hike, probably not more than that unless, you know, the jobs report today falls off a cliff in a negative way, but i think its kind of baked in that we will see one more hike at least. Cheryl rob morgan, thanks for the perspective this morning. Thanks u cheryl. Lauren President Trump comes face to face with Vladimir Putin for the first time in just a few hours from now. We urge russia to cease destabilizing activities and support for hostile regimes including syria and irrein. Lauren the president talking tough on russia in his speech yesterday, but will it carry through to this highlyanticipated meeting with the russian president . Just a couple of hours from now . Right here at home wearing a bullet proof vest throwing knives, trying to get into trump tower. The jobs report, dow futures down 8. S p futures up not even a point. Youre watching fbn am. Cheryl 5 15 a. M. In new york. Lets get you caught up on whats happening now. 55yearold man in custody after trying to get in trump tower. The man told security that he was a senator and we wanted to see ivanka trump. Hes currently in New York Hospital undergoing psychiatric exam. Illinois going budget plan. First complete budget in two years. Governor criticized it for adding 5 billion in taxes, illinois still, though, at risk of becoming the first ever u. S. State with a junk credit rating. Chip maker asking International Trade commission to stop import of apple phones and tablets, but apple is infringing on patents. Qualcomm is seeking payments on innovations that it didnt make. The stock interesting to watch. Fight continue ifs for market today. Hey, green arrows. Nasdaq pointing to a slightly higher open, yes, lauren, thats whats happening on jobs friday. Lauren it has been a down weak for the 401 k , President Trump set to meet with russian president Vladimir Putin, first sitdown with the russian leader, lets bring in paul, hes the director of programs at the Action Institute and a former Foreign Policy adviser to george w. Bush, good to see you, paul. Hey, there. Lauren do you think the president will raise the issue of moscows meddling in u. S. Election, he spoke about it a little bit in poland, soft peddle it. Do you think he will raise that issue . Yes, i do. I think for a couple of reasons, one this makes perfect sense to raise it. Hes already acknowledge that had the russians have likely played a role. Theres no reason why he wouldnt do it in private, but also people have started theory a while back, the democrats pushed specially that President Trump wants such a relationship with russia that hell do anything to get it. Thats his predecessor, President Trump pushes americas interest first. If he believed that the russians has been aggressive in anyway, crimea, rest of ukraine, syria whatever, elections, hes going to say so. I dont doubt hes going the say that. I dont think hes going to curse him out and have a fistfight. He already did that yesterday and he did that when te bombed the syrians and showed russians that america is leading again. Cheryl we have seen statement that is the president isnt going to be tough enough on Vladimir Putin and small amount of people in the room, if you listen to that speech yesterday in poland that the president gave, he did say that he wanted them to stop destabilizing activities in ukraine and elsewhere. How do you think Vladimir Putin is going to take that . I think they are going to exchange pleasantries and make tougher points not designed to have a Kitchen Cabinet debate like president nixon gorboshah and they will Say Something thats considered tough and not what the other side wants to hear but i dont expect a lot of drama out of it because it is their first meeting. The president made a tough speech. Lauren paul, if you look at the optics of all this, putin is a former spy and dealt with past u. S. President s, President Trump is relatively new to this game, how do you think the psychology element will play out . Has donald trump been prepped . What do you know . Yeah, i think definitely been prepped but donald trump has been around, maybe not kgb spy but done real estate in new york city, thats not childs play. Hes using to size up people and use today trying to get his way in a deal. Thats what business negotiators do, so im not expecting either man is intimidated by the other person and i dont think they expect to go over gigantic list. Thats not what the meeting is about. What President Trump did yesterday in his speech in poland and what hes done over the last few months such as bombing russias allies in syria, hes making very clear where he comes from and where he intends to go. I think thats the kind of meeting hell have. Cheryl what do you make of the fact that they want fiona to be in the room, theres no report that she will be there, National Security council for europe and russia, what did you make of that . Yeah, i dont know, its hard for me to understand what kind imaginations were behind the scene. The most important thing is for the two to have the meeting, obviously translators. It need to be a Small Business because they wont have substance. Cheryl trading celtic green for miami sunshine, whether he tell you about the latest free agent signing in the nba. Plus, fans fill the final two spots on allstar teams, we will tell you whoa they showed. A plane with people force today make Emergency Landing after a passenger try today enter the cockpit. Youre watching fbn am. Whoa thats amazing. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. Type in your idea. Select from designs tailored just for you and publish your site with just a few clickseven from your. Mobile phone. The internet is waiting start for free today at godaddy. Thats why at comcast were continuing to make4 7. Our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. 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. Cheryl time now for sports, more movement to the nba free agent market. The celtics kelly is heading to south beach. Miami heat has signed to fouryear deal worth 50 million, the 7foot center with 3point range spent four seasons with the celtics but the team renewed contract. Over the baseball. Third baseman of the Kansas City Royals claimed last two spots from fan voting. Turner tallied alltime record in whipping online vote for National League birth. He was surrounded by fans as you can see right there when the outcome was announced. The game is going to be played tuesday in miami. And then later in the night, turner validate it is vote, fourth inning, turner comes with diving stop. First time allstar showing that he belongs in, lets go to ninth inning, bases loaded, no outs, game tied at 4. Chris taylor, dodgers come back to win 54 and sweep diamondbacks. First pitch way outside, manager joe maden wonders if he made the right move. Next pitch is a preponderanceout to left field, giving up one hit, the cubs having fun but they lost to the brewers. 112. Lauren baseball. Cheryl thats all the news i got in sports today. Lauren we have a lot of it that we couldnt get in. Coming up, the violent g20 protests, they continue this morning as President Donald Trump gets ready to sit down with russian president Vladimir Putin for the first time. Live report from hamburg, germany coming up. And Senate LeaderMitch Mcconnell coming up with a plan b for repealing obamacare, they are still talking about even though congress is in recess. We will tell you exactly why. Lets show you the market activity on this down week for the dow. The s p and the nasdaq, looking at two down weeks in a row. Dow futures down 6 points. Oil prices, they are plunging 2 and a half percent trading at 44. 40 a barrel. We have new data that shows increase in u. S. Production. We will be right back [vo] progress is seizing the moment. Your summer moment awaits you now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. My mom was afraid of the water. Something she did not want me to feel. So i enrolled missy in swim lessons. It changed my life. And now, you can do the same for someone that you love theres nothing more precious than your childs wellbeing. So act now, before its too late. Make a splash im glad i did. Thanks, mom. Visit usaswimmingfoundation. Org, to find, get or give a swim lesson. Sfx road noise sfx tires screeching sfx horn honking daughter daddy we dont say words like that just let your love flow like a Mountain Stream and let your love grow cheryl breaking news this morning. President trump heads to g20 where hes going to meet with World Leaders and come face to face with russian president Vladimir Putin for the first time in a highlyanticipated meeting, we are going to go live to hamburg, germany for a full report. Lauren also on the agenda today, g20 summit,