tv FBN AM FOX Business June 25, 2015 5:00am-6:00am EDT
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dagen: breaking news this morning, u.s. stock futures rebounding at a sharp selloff yesterday. all eyes in greece. stocks in asia have been down. checking u.s. features come a turnaround after losses yesterday. 79.8. s&p and nasdaq higher as well. this morning, another shocker in the prison escapee saga. a second prison employee has been arrested in connection with the escape. we will have live report. a major victory for president obama straight agenda appeared the fast-track trade bill has to the president desk for his signature today.
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martha stewart's empire may be back on the auction block after a big blunder by the ceo wanted to buy her company. good morning everybody. i am dagen mcdowell. senator smith is off today. i'm joined by lauren simonetti and nicole petallides are welcome to "fbn:am," your first look at the latest breaking news. nicole, you are working on the martha stuart torre. nicole: other bidders stepping in, so the story heats up. the financial markets are extremely overheated. dagen: not much optimism. lauren, surprising news on a new survey. lauren: we are more likely to test the financial services of tech companies overheard a period transit that makes sense. people hate banks. a new development for the escaped prisoners in upstate new york. a corrections officer at the maximum-security prison has been
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arrested. he delivered frozen meat with tools hidden inside to the convicted murderers. his attorney said the officer did not know any contraband was inside the meets. we will have a live report from the search area in a few minutes. the fast-track trade bill now heads to the white house for president obama signature passes in the senate 60 to 38. legislation strengthens the president's hand in global trade talks. many democrats opposed the measure saying it would cost american jobs. the senate passed a separate bill providing aid to workers who lose their jobs because of trade. that talks between greece and international creditors set to resume at this hour. greek prime minister alexius tsipras will meet with the head of the european commission, international monetary fund and european central bank. finance ministers refusing to come demise.
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a debt payment to the imf would save athens friend default. the supreme court could issue decisions today are closely watched cases. 10:00 a.m. eastern time is the time you want to watch at the top of the list is a challenge to the affordable care act which could can't go health care subsidies under obamacare. they look at a provision that says federal subsidies can be given only in states that set their own exchanges. if the high court rules against subsidies for health insurance costs for many people could spiked dramatically. housing discrimination and power plant emissions. they say martha stuart empire may be in trouble. nicole has the latest on the story. nicole: this is an interesting one. the new york sequential brands
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for $350 million for public had done deal. the newspaper said sequential zones ceo is being blamed for the leak. the report follows pushes shares to nearly $7 share. martha stuart has been stopped by five prospective bidders and sequential has been forced to allow martha stuart to solicit higher bids for 30 days and the other bidders coming and coming frederick's of hollywood, joe boxer, meredith corporation, global brand, the whole story that the ceo come to 34-year-old ceo somehow leaked the story. there is a headline that basically said she was going to be answering to martha stuart's new path and that really irks martha because she said ceo answers to the board and i would than on the board.
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martha is out in full force. >> i wonder what happens to his job. dagen: don't make martha matt. you are watching some headlines in "the wall street journal" today. >> a.m. a comeback for risky homebuyers. mortgage lenders to a number of large banks are afraid to go to give homeland to buyers with troubled credit histories. jpmorgan, sec and settlement talk. the talks are to settle whether the bank inappropriately near private declines to its own investment. trouble brews foreign imported made in america. these are your favorite with an employer, think again. it may have been brewed in america and you may be eligible for a refund. dagen: billionaire investor charles icon. if you look at a chart of the stock you can see where he's
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treated that he cashed out of state. >> he basically got in this years ago it made more than 2 billion on the investment. icahn traded he sold the last of his shares in netflix or to a lifetime high yesterday. it topped $700. icahn host is investment in apple, currently $6.8 billion may prove as lucrative. netflix riding high after the company announces stock split earlier this week. icahn with massive gains on the sale of regulatory filings. he became one of the larger shareholders during the third quarter of 2012. they rocketed during that time. icahn says it isn't quite the bargain and listen 2012. he bought the shares around $58. yesterday it was announced $700.
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we know what the big investment in apple and we've watched apple searching. >> thank you so much, nicole. let's get you caught up in global markets in asia. stocks finishing mostly lower at midday. lucy pull back from the 1996 the nikkei down half of a percent. in europe you see weakness. the markets right now being driven by what happens with greece and its talks with creditors. in the united states a bounce back and futures after the selloff yesterday. the claims at 8:30 a.m. eastern time. how did the markets move it to get those decisions from the supreme court today. the manhunt for two escaped prisoners in upstate new york. a corrections officer at the maximum-security prison has been arrested. david lee miller is a live with the latest. >> jean palmer is now behind
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bars himself at the clayton county correctional facility in the escapees. he is now being held in lieu of $25,000 cash. another court experience with four criminal charges. i'll take you through them promoting prison contraband, providing a flat head screwdriver. the attorney says there's no knowledge they were used in the actual escape. he gave the items to repair a circuit breaker that cap tripping and specifically receiving paintings from the inmates in charge of tampering and destroyed evidence because soon after the escapee allegedly burned one of those paintings and try to bury one in the words. another was to. another as he tried to distance
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himself from the two inmates. palmer's attorney made mistakes that he was unaware an escape is in the works spirit within. >> he has passed a polygraph test and i am confident this story -- as the story unfolds, jean palmer will not be associated with the escape. he acknowledges and takes responsibility. he did not plan or aid in the planning of the escape. >> at this hour the search for the inmates continues, but this time state police reveal that dna evidence was found document to that location was contained weapons. it is possible that two escapees may have some type of weapon. they do not know for certain because the cabin owners did not keep a clear inventory of what was inside the cabin. the bottom line they are acting
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on the presumption that these two men are now armed. the massive search continues here in northern new york. >> thank you so much. ask him ahead of the office of personnel management by the number of effect that people could be as high as 32 million much higher than originally reported. opm says the bridge may have affected for a million current and former government employees. a government watchdog finding that viruses doing business. despite the federal law that bars the agency from hiring companies behind in paying taxes. report says the irs gave contracts 17 businesses in 2012 and 2013. the companies were awarded 57 contracts worth about $19 million. shares of the credit reporting
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company trans union will begin today. the public offering $22.52 a share at the top of the expected range. trans union sold 29.5 million shares raising $626 million. shares on the new york stock exchange under the ticker tru. who do you trust. a new report that the banks against technology companies. do we trust either? nicole: just a quarter have confidence in their band. recent gallup poll shows trust in each bank well below the average. we actually trusted financial capabilities of our tech companies a lot far. new research found wells fargo in jpmorgan chase reviewed most positively with 40% of people in a positive light. citibank and bank of america scored below that but by contrast people's view of the
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financial services of paypal and amazon copied and 70 percentage of positivity rating. google and apple scored about 50%. while visiting tech companies push further into banking and do we trust them with personal information to do so? two more banks quit their branches and become our laps and digital or better yet improve their customer service. dagen: the story pertains to attack. they've closed 100 branches. there is a cap, not even a website. we increasingly see this trend. dagen: the nba draft getting underway tonight. they could be rolling in debate ask about money. the global stock prices but the action. locate your stock index futures
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dagen: birthday you caught up in global markets are rich asia asia stocks finishing mostly lower but the nikkei pulling back after hitting a multiyear high. over to your pc a little bit of weakness, essentially flat markets waiting for some resolution of greece's debt problem. here are the u.s., stocks are heading higher. 79% gain from the future.
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the nba draft is tonight. carl anthony towns of kentucky considered likely to be picked number one by the minnesota timberwolves after playing one year of college ball along with julio of the duke blue devils. the two men are the first two picks. ohio's deangelo vessel could be the first guard taken at the berkeley center in brooklyn new york. in baseball a rough road trip to the mats. they've now dropped seven in a row on this bakery and trip. it tells to europe one run in two hits over eight innings in a four to one when. the massive drop below 500 for the first time since the opening week of the season. in college baseball the university of virginia has
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captured the first college world series trial. when it became beating vanderbilt 42. getting revenge for the world series lost and congratulations to my father. a baseball fan and a uva cavalier. coming up, another shocker in a prison escapee story. a second prison worker under arrest for helping smuggle power tools to prisoners. martha stewart's empire back on the auction block after a big blunder by the ceo of the company who wanted to buy her firm. checking u.s. stock index futures. now, s&p and nasdaq all moving up. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ hey america,
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dagen: breaking news this morning. u.s. stock market futures rebounded after a sharp selloff yesterday. stocks in asia and europe have been down, checking u.s. features a rebound in the making of a 70-point gain on the dow futures at the s&p and nasdaq as well. breaking news this morning, another shocker in the prison escapee saga. a second prison employee arrested in connection. we will have a live report. a major victory for president obama's trade agenda. it now heads to the president's desk for his signature. martha stewart empire might be back on the auction block after a major blunder by the ceo wanted to buy her company. good morning, everybody. sandra smith is off today. i'm joined by lauren simonetti
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and nicole petallides. welcome to "fbn:am," today's market, the latest breaking news. >> is interesting. the ceo of the company interested in taking over martha let it leak out and out potential bidders will cover it. dagen: thank you. warren, a store car sharing. lauren: if you are sharing to maintain your car, you are not by in a car. dagen: can't wait for both the stories. the manhunt for two escaped prisoners in upstate new york. a corrections officer at the prison has been arrested. he delivered frozen meat with tools hidden inside to the convicted murderers. his attorney said the officer did not know contraband was inside to me. we will have a live report from the search area in just a minute. the fast track trade bill heads to the white house for president
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obama's signature after passing 60 to 38. legislation strengthens the hand of global trade talks. many democrats oppose the measure saying it could cost american jobs. the senate passed a separate bill providing aid to workers who lose their jobs because of trade. greece's creditors are giving athens until 6:00 this morning eastern time to producing a workable proposal. a year as an official says that there is no deal by the ambience with some arab proposal to euro groove. alexis tsipras is to meet with the international monetary fund and european central bank. the euro zone finance ministers accused to compromise. greece faces a june 30th deadline to make a debt payment to the imf to save athens from default and possible exit from the euro zone. the supreme court could issue major decisions today on closely watched cases.
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at the top of the list is a challenge to the affordable care act which could cancel health care subsidies under obamacare for millions of people. the justices look at a provision that says federal subsidies can only be given in state to setup their own own exchanges. if the high court was against the subsidies, health insurance costs for many people to spike dramatically. the supreme court could release opinions on cases involving same-sex marriage, housing discrimination and power plant emissions. the sale of martha stewart empire might be in trouble. nicole has all you need to know on that story. nicole: and was basically a lock that field. nowadays martha go shop. "the new york post" is a sequential brand for more than $350 million that went public before was a done deal. the newspaper said sequential is owned ceo is blamed for the
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leak. they pushed the shares to nearly $7 each well above the price of sequential deal. martha stewart is being stopped by at least five potential bidders and sequential for us to allow martha stewart to solicit higher bids for 30 days. this is a lockstep dlm because the ceo that it leak out there were headlines of martha stewart's new boss. family urged martha. i don't answer to the ceo. now they have other bidders stepping in. authentic narratives, global interested in the company overall. 10 years ago was $37. shareholders are waiting for something good here. dagen: thank you, nicole. lauren, do you have a store in the car sharing program. lauren: a little bit later. we have headlines from "the wall street journal." first a comeback for risky
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homebuyers. mortgage lenders are going with large banks are afraid to go by giving home loans to borrowers with troubled credit. the other story we are watching on "the wall street journal" as jpmorgan, sec and the talks to settle whether the bank inappropriately had its own investment product and trouble brews for imported is made in america. he thought your favorite was an import. think again. and may be proved right in the u.s.a. and you may be eligible for a refund. dagen: thank you. let's say you caught up on global markets. we'll take a look at europe right now. you have mixed markets but not much activity. everything hinges on greece and surely the less they move into next week. the critical deadline u.s. stock market futures or higher right now. a lot of potential breaking news during the day, including the
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supreme court decision. they usually come out around 10:00 a.m. eastern time. let's get a closer look at the asian markets with tracey chang hua's life in beijing. tracey is a reporter for chinese state television. good morning. reporter: good morning to you, dagen. markets are lower. the nikkei composite low were on concerns the trade utility from the listing stocks. the hang seng also moved lower bout 1%. banking shares scratched a long-standing racial requirement for commercial banks. the japanese shares move after hitting an 18 year high yesterday in the nikkei down to half of a percent of profit taking. the situation in greece. in south korea at the cost be ended flat despite budget talks that aim to adding more stimulus to the economy. back to you, dagen.
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dagen: tracey chang in beijing. the trading business comes to the car business. we will tell you how that works. local stocks under pressure amid concerns about a major setback in the great cox. click here u.s. stock index futures. a rebound in the making from yesterday. you are watching "fbn:am," your first look at morning markets and breaking news.
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dagen: let's say you caught up on global markets. stocks finishing lower as the nikkei pulling back after topping highs set back in 1996 aired in europe, are now mixed for trading in a very narrow range. barely any losses in france and germany and in the u.s. we have a bounce back after yesterday's selloff, 8:30 a.m. eastern time you look eastern time you look at your jobless claims, personal income and spending could be market movers. more automakers get into the car sharing business. lauren has the story. transfer they are not car companies. they are mobility companies.
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blending toners printout cars when they are not using them. ford is launching a pilot program in six u.s. cities were 14,000 ford motor credit companies can sign up through november. car renters are prescreened to restart up company called get around. general motors has been expanding participation in bmw the same with its mini. letting drivers rent rather than by cars will ultimately hurt the business. this is what the car companies say. they're adapting to changing culture where the cost of owning a car is pretty expensive and the usefulness of a car sometimes is questionable. a quarter million cars sit idle for 22 hours a day. and then there's a study by alix partners to assess the availability of one car sharing vehicle displaces purchases of 32 new cars. it's pretty amazing. the economy is booming and you can ignore it.
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>> is there anything people are not sharing? ski equipment, taxis, air bmb, take my place i won't be there anymore. it's amazing how frugal people are. dagen: this is sad because america is a car country. we were built on the road, the highway system in younger people aren't that interested. >> i would rent out my car. they will share anything. dagen: thanks, ladies. or in a $50 deal to sell the company sent the company is in doubt the ceo of the company who is going to buy her firm may be to blame. after netflix announces a big stock split, carl icahn cashes in his chips, brings up a $2 billion payday. we will have details. stock index futures in the
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dagen: raking news this morning. u.s. stock market futures rebounded after a sharp selloff yesterday. stocks in asia and europe have been done, but u.s. features have a rally to make a 70-point gain on the dow futures after bruising losses yesterday. breaking news this morning, a shocker in the prison escapee saga. a second prison employee arrested in connection. we will have a live report. a major victory for president obama's trade agenda. the controversial trade bill now heads to the president's desk for his signature today. martha stewart's empire might be back on the auction block after a big blunder by the ceo who wanted to buy her company.
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good morning i am dagen mcdowell. sandra smith is off today. i'm joined by lauren simonetti and nicole petallides. welcome to "fbn:am" come your first look at what is missing in today's market in your latest breaking news. lauren: it was almost a done deal and now it is not because the ceo had leaked out in other bidders are tapping into this. dagen: lauren, a new survey. tech companies versus banks. lauren: turns out we trust the financial capabilities of the amazons of the world more than the jpmorgan of the world. dagen: thank you, ladies. new developments for escaped prisoners in upstate new york. a corrections officer at the maximum-security prison have been arrested. he delivered for us to meet with tools hidden inside to the convicted murderers. his attorney says the officer did not know any contraband was inside to me. we will have a live report from the search area in a few
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minutes. the fast track trade bill has to the white house for a signature after passing in the senate 60 to 38. the legislation strengthens the president and the global trade to. many democrats oppose the measure saying it could cost american jobs. the senate passed a separate bill providing aid to workers who lose their jobs because of trade. that talks between greece and the international creditors have resumed. greek prime minister alexis tsipras meeting with the head of the european commission, international monetary fund in european central bank. negotiations stumbled yesterday when they refuse to have been sent refusing to compromise. the supreme court could issue decisions today in josé watched cases. at the top of the list is a challenge to the affordable care act which could cancel health care subsidies under obama cared for millions of people. the justices are looking at a provision in the law that says federal subsidies can only be
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given in state for senator and exchanges. if the high court rules against subsidies, health insurance costs for many people could spike to magically. the supreme court could also release cases involving same-sex marriage, housing discrimination and power plant emissions. the sale of martha stewart's empire might be in trouble. nepal has the story. nicole: it seemed like it was a locked up no shop deal. familiar post reporting agreement to sell the medium sequential transfer $350 million in public before it was a done deal. sequential sun ceo yiddish and then is being blamed for the week. reports have followed push the shares nearly $7 a share about the price and now the post says martha stewart is being stopped by at least five prospective bidders and sequential has been forced to allow martha stewart to solicit higher base for 30
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days and several companies stepping in. authentic, global brands are stepping in because of the reportedly got in the headline has a journal that says martha stewart's new boss and she doesn't like that. she wouldn't answer to him. that is my specific story. dagen: martha is not. lauren ,-com,-com ma you've got some of today's headline in "the wall street journal." lauren: a combat for risky homebuyers. some mortgage lenders go with the banks are afraid to tread by giving home loans to borrowers with troubled credit histories. jpmorgan, sec in settlement talks over products herein. whether the bank inappropriately steered its private banking clients to its own investment products. they made in america. speak again. you may have been brewed in america and you might be eligible for a refund.
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dagen: cheaper. like it. carl icahn cashing in his netflix. >> netflix or to a lifetime high yesterday. 700 bucks. icahn hopes his investment in apple currently valued a billion dollars made progress with her days. netflix riding high after the company announced the seventh to one stock split locking in a massive gain on the sale according to regulatory filings he became one of the larger netflix shareholders during the third quarter of 2012. the stock has rocketed more than 12 fold during that time. netflix isn't quite the bargain it was back in 2012 when he picked it up for $58 a share. he could've made 1.5 billion
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more, but he's taken some chips off the table and that of some of the comments that basically thinks the financial markets are extremely overheated, destined for a fall with concerns about high yield on 10 particular is a trouble spot. it is important that they guys are making it known. dagen: it is like nothing. let's get you caught up on global markets. asian stocks finished mostly lower. you see with the nikkei did bear coming off the high top from 1996. in europe you have losses. the markets will directly move on what comes out of the creek that negotiations and u.s. stock market futures are looking better. 66-point gain on the dow futures. new developments in the manhunt for two escaped prisoners in upstate new york. a corrections officer at the prison arrested. david lee miller is live with more. david lee.
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dagen: veteran corrections officer jean palmer has been suspended from his job with pay is now behind ours at the clinton county jail. he is charged with four criminal counts in connection with the prison break. those charges promoting prison contraband, allegedly provided inmates with tools they use to repair electrical equipment according to the district attorney the tools were not used in the escape. two counts of tampering with physical evidence for allegedly destroyed artwork given to him by one of the inmates and a misdemeanor, accepting her work is against. according to the district attorney, accused accomplice joyce mitchell hacksaw blades and other things in fresen hamburger meat for the two inmates as they plan their escape. mitchell gave the first of may to the corrections officer, jean palmer who handed the contraband to dma. the district attorney says palmer did not know there was contraband in the meat and for
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this incident he has not been charged. palmer's attorney said joyce mitchell might have tried to trick and manipulate others who worked at the prison to win favors for david and richard. >> we're all hearing information at the same time that she can't multiple people. i wouldn't be surprised, but i don't have definitive information that she can't other people or other people worked with her. reporter: as the investigation continues into what led up to the break outcome of the search also continued to escalate. the latest wrinkle now appears it is possible according to state police at these two fugitives might be armed. the cabin they broke into where their dna was found a few days ago had an inventory of weapons. the owners of the cap and are not sure precisely how many weapons were at that location so
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it is not clear if they took any of the weapons. state police are operating under the assumption that david swiped and richard matt are now armed. meanwhile come in the search on the ground continues to intensify. officers come the state police and others literally going door-to-door in the in the village of the load to make sure people are safe. dagen: david lee miller live for us in upstate new york. a government watchdog finding the irs is doing business attacks to labor contractors did this despite a federal law that bars the agency from hiring companies behind on paying taxes. the report says the irs gave contracts to 17 businesses in 2012 and 2013 that had delinquent tax debt. companies were awarded 57 contracts worth about $19 million. shares of the reporting company trans union booktrade today. the company priced at initial public offering at $22.50 per
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share at the top of the expected range. trans union sold 29.5 million shares, raising $626 million. shares will trade within the new york stock exchange under the ticker t. argue. who do you trust? thanks again for tech companies. it's not that surprising. lauren: it is not. apparently we trust the tech markets more. a quarter of americans trust them more. well below the historical average. which wrested financial capabilities of our tech companies a lot more. according to research, while franklin jpmorgan chase reviewed 40% of people regarding them in a positive light. city and bank of america scoring below that. by contrast, our abuse of the financial services of paypal and amazon toppings 70% each in terms of positivity rating.
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google and apple scoring 50%. this trend means that companies pushed further into a trust them with personal information. finally, does it send a message that it has to be nicer or maybe move even quicker into the digital space. dagen: thank you, lauren. the big-money bowl about his day nba draft gets underway tonight. we will tell you who could be rolling in the dough. more concerns about the prospects for a greek debt deal getting done. time is ticking away. u.s. stock futures, take a look. 61-point gain on the dow futures right now. he bounced back in the making. you are watching "fbn:am," a first look at morning markets and breaking news. ♪
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dagen: sku product on global markets initiative. stocks closing lower. losses in japan, hong kong and singapore. europe waiting for more headlines from the greek debt talks. greece tried in those markets and perhaps. on a bounce back after yesterday's selloff of the 64-point gain on the futures. turning to sports, the nba draft tonight. carl anthony towns of kentucky considered likely to be picked number one by the minnesota timberwolves after one year of college ball. along with julio o. go for who played for the national champion duke devils.
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they too are the big guys from the powerhouse programs and are good rights to be the first two picks. ohio state deangelo russell opted to enter the draft early could be the first car taking. the draft will be held in brooklyn. in college baseball the university of virginia has captured its first college world series title. cavaliers winning the third deciding game of the series beating vanderbilt 42 and getting revenge for last years world series loss. before you head out the door, let's get a look in your thursday forecast with fox meteorologist maria molina. reporter: good morning, dagen and everybody at home. storms widespread across the country again today. very humid come in for a warm and in the storm system can really start to produce severe storms. we have a threat for students across parts of the southeast, east coast and put in the mid-atlantic and further west.
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the main concern today is damaging winds and large hail that there is somewhat of a tornado threat across portions of the midwest and the mid-atlantic. tomorrow more storms are forecast with potential for severe weather. the other concern is areas of rain today and also this week and we be looking at our rain in the northeast and further west across kentucky and portions of indiana talking potential flooding of six inches possible. true dagen: maria molina, meteorologist europe fox. global action one bartender for maria bartiromo takes it over. stay with us, everybody. agreeing on your screen and make u.s. -- in the u.s. ♪ hey america,
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stability. no panic as the great debt talks move on today. watch brussels in the u.s. green across your screen after that selloff yesterday. bake supreme court decision potentially later today on things that matter to your money. right now, maria bartiromo and "mornings with maria." maria: hey, dagen, see you in about an hour. it is thursday, june 25th. with new brand knutson and we'll get to that momentarily. top stories, new revelations that the manhunt continuing for david swiped a richard matt, the escaped convicts who broke out of a prison in upstate new york two weeks ago. 75-mile area around the cabin where authorities found dna evidence. no information overnight. a second prison employee has
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