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tv   FBN AM  FOX Business  July 2, 2015 5:00am-6:01am EDT

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sandra: breaking news this morning. greece's cash crunch takes a toll on everyday life for greek citizens. a live report from athens. after yesterday's wild ride, and features moving ahead of the opening bell. investors turned their attention to the u.s. economy. we will tell you three things you need to watch in the june jobs report. ever wonder why airfares are so high? so does the u.s. government and its investigating them. they spoke videos get washed 4 billion times a day. networks get serious about making money from the audience.
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good morning. i am dagen mcdowell and for sandra smith. i'm joined by lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at what is living in today's market, the breaking news and what to expect that they had peered lauren, you have led to watch. lauren: we want to see if wages are going up in a message sent to the fed. dagen: nicole, the airfare investigation. nicole. much though. limited seats, high fares. the department of justice looking into it. dagen: crease and creditors have halted talks until after the sunday referendum. alexis tsipras urging greeks to reject an international bailout deal. ashley webster is live at the latest from the greek people. ashley. reporter: hayek, dagen. we arrived at a greek bank which is as you can see crowded once
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more. you can fairly say this is a country stuck in limbo, fear and confusion ruling that day and it angers starting the loud exchanges between people trying to get into the bank and the bank officials is then given the job of taking the wrath of the people. still pretty orderly. how much money could be taken now. there has been a report that as much as 3000 euros the second has been withdrawn from great things as 3300 u.s. dollars per second close to $9 billion taken out in the last two weeks. a senior greek banking official told the times of london that things will start running out of cash very soon within the next three or four days. and once that happens, already many atms have no cash including the one in a room hotel where we asked the front desk when the
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thing will get more cash and they said frankly we have no idea. dagen: ashley, thank you for such terrific reporting. in the meantime, puerto rico able to put all fears of an imminent default. the commonwealth of $1 billion to july the first to payment of $645 million was made on this general obligation bond. the power authority made a $450 million payment. there are concerns on a payment moratorium was asked with the u.s. don't let unsustainable. fox has learned the irs inspector general report on the agency scandal has been released. the reporter mission plan to be out on tuesday. meanwhile a collection of e-mails with lois lerner has been released as well. her office is accused of targeting conservative groups for extra scrutiny. employers and the federal
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government will release employment figures. lauren has all the details. >> jobs report coming out on a thursday. an hour before the market opens. 230,000 jobs added down from 280,000 in may and the jobless rate to get to 5.4%. three things to watch. a recovery milestone. job gains for 56 months in a row despite the rocky expansion that's at three quarterly contractions. number two, wages. are you finally starting to make more money? hourly earnings of 2.3% from last year or so workers now make an average of almost $25 an hour. finally the supreme court recently upheld upon the care. the shadow light on the medical sector going forward in the white house announced new overtime rules.
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the report may serve as a baseline for our smirk before the 02 roles take effect and 10 and a half will cut back the hours. ! thank you, lauren. stay for a special report. jobs in america. maria bartiromo breaks down the numbers plus when it means to the economy, money, life, family and everything this morning at 8:00 eastern time. justice department investigating possible collusion among major u.s. airlines. nicole, huge story. nicole: if anyone is trying to book an airline and they seem and jump from 2009 to 2014 players have jumped 14%. the government wants to know. they've launched an antitrust information to bed. i'll keep the airfares type. the probe is focused on whether airline signal to each other how quickly they would add new flights, routes, extra seats.
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they demand copies of all communications the airlines have with each other. american, delta, southwest and united airlines have received the letter and indeed are complying. as noted, we've seen 2010 to 2014 capacity virtually flat. domestic airfare jumping 13% from 29,292,014. the last thing to another other fees. airlines earning billions of dollars from no-space. we can't say the same things about this. they are raking in on those fees. dagen: they are just trying to manage a business that has allowed business by not increasing capacity in keeping taxes high.
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>> they have to prove there is actual collusion. terrific story nonetheless. moving on to chinese authorities taking another step to keep its stock market from plunging further. beijing saying it would relax firing funds to invest up a low-grade transaction fees. it didn't work. the composite sank further into bear market territory dropping 3.5% down within 20% from its recent high of mid-june. let's get you caught up on the global markets. let's take a look at europe right now to see how stocks are holding up with the trading day they are in the middle of their trading day. we have some losses but they are minor. u.s. stock market futures look like this ahead of the jobs report. 18-point game on the dow futures trying to add yesterday. maybe a little optimism from the u.s. economy. they spoke unveiling a new plan
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to make money from online video. nicole, what is there to do? >> they seen the quicktime video screw about fourfold in recent months. they spoke plans to share ad revenue with its video creators. the new feature will include ads between professionally produced content. the revenue-sharing model is similar to youtube. that is who they are trying to take on. this facebook keeps users. they watch videos 4 billion times a year. 75% of the video views better on facebook. dagen: thank you, nicole. some of them in today's "wall street journal." new data could affect health insurer deals. under the affordable care to its
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world in the industry. the essay proposes broad and corporate callback roles to force companies and the financial statements contain errors. the washington state's economy at the mountains recorded the lowest snowfall since records began in a dire situation hurting farmers and businesses across the state. bubble wrap is losing its path to hope that i hope sales will come back with a bang. the iconic make her of bubble wrap is rolling out i bubble bath that takes the form 58 that the space before inflation but does not have the characteristic to pop when pressure is added. sealed air says it will continue to operate the original version as well. >> those are much more fun. dagen: annoying but find. the same in the middle part of the country with the country with the live weather update.
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after japan beats england it will be every match of the world cup soccer championship. team u.s.a. looking for revenge after losing to japan in less world cup final. you've got green. "fbn:am," watching their first look at morning markets and breaking news. ♪
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dagen: let's get you caught up on global markets. in asia stocks finishing the day mostly higher.
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see the green and asia. already your stocks are showing a little bit of weakness but not much expect it from greece until after the referendum on sunday. stock markets used to optimism on the dow futures. the butterfly controversy at a nascar this weekend. daytona international replay will implement bike exchange program for any flames flying the confederate flag during the traditional independence day race weekend. the track will exchange a u.s. flag or a competitor one. nascar pins the use of the flag in official areas. if fans choose not to switch they will be allowed to fly the confederate side. turning to more sports, team u.s.a. will her revenge on sunday when they make japan in the women's world cup final. japan defeated england to do one
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last night to earn a spot in the final. england? the deciding goal into it knowing that. the u.s. commits an act of the 2011th title winning on penalty kicks. in baseball, the yankees three-game losing streak is over. derek showed centered the three to one win at the l.a. angels. the yanks had lost seven of their last 10 games before salvaging the final game on the road trip. bundled in at 96 degrees and they continue. advance a third-round win in straight sets. it's already won the australia and the french open this year. coming up, ever wonder why the answer to fly these days? the government wonders that
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islam is looking into price fixing among the airlines. facebook users watch or billion times a day across the social network and now facebook is getting serious about making money from the audience. checking u.s. stock index futures, we do have some green. those are tiny gains but we will take it. you're watching "fbn:am," your first look at morning market and breaking news. ♪
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dagen: breaking news this morning. greece crash crunch taking a toll. we will have a live report from
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athens. after yesterday's wild ride checking u.s. stock market futures ahead of the opening bell we have great across the board. investors will turn their attention to the u.s. economy. we will tell you three things to watch in today's release is a chance jobs report. ever wonder why airfares are so high? so does the u.s. government and its investigating a. facebook videos to watch 4 billion times a day. the social not working in serious about making money from the audience. good morning, everybody. i'm dagen mcdowell and four sandra. here with nicole petallides and lauren simonetti. you are watching "fbn:am," the latest breaking news and what to expect that there had. the most important report of the week. where are the jobs? dagen: nicole, airfare investigation. nicole: looking at american,
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delta, southwest and whether they put out new airlines, new routes, morrissey and the fair stay really high. dagen: on to greece and creditors. they've halted talks until after sunday's referendum. prime minister alexis septet urges greeks to reject an international bailout deal seen a no vote gives athens a strong negotiating position. the great government does not want to put out more collateral message a lot money in the country. they are landed to 60 euros a day. we have a live report from athens in a short while. meantime porta rico was able to put off air to put out fares of an imminent default. the commonwealth made payments of $1 billion due july 1st. a payment of $645 million was made on its general obligation bond. the puerto rico power authority made four and $58 million payment. concerns this week when the moratorium was asked for it with the u.s. territory debt load
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unsustainable. employers likely hired at another strong pace last month. the federal government will release unemployment and employment figures later this morning. 8:30 a.m. eastern time. more time. lauren has to look ahead. lauren: we are looking under the hood. the expectations for a spirit expected $230,000 were added while the unemployment rate goes down to 5.4%. that would be a little bit worse. three things you should keep your eye on. first is a recovery milestone. employers at 12 million jobs in the jobs in the decade with gains 456 months in a row despite iraqi expansion with three quarterly contractions if you're looking at gdp. wages are rising. finally starting to make some more money. average hourly earnings of more than 2% from last year. workers making $24.96 per hour. recently the supreme court upheld obamacare on the medical
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site, hospitals, health care stocks that would load in the white house with overtime rules may serve as a baseline of the hours before the ot rules take effect and become eligible for a time eligible for retirement hospital bosses cut back hours. watch the average workweek. dagen: stay with fox news this for special jobs report. maria bartiromo breaks down what it means to economy, money, family, vacation, everything this morning at 8:00 eastern time. in the meantime the justice department investigating collusion among major u.s. airline. big time. nicole: the bees are high, the fares are high. are there enough seats? these are things the government has launched a civil antitrust investigation into whether airlines illegally colluded to limit states, keep airfares
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high. focus on whether they signal to each other how quickly they would add new flight the next receipts. the justice department demanding copies of all communications in the airlines had with each other. american, delta, southwest and united are they'll say they received a letter and they are in fact complying. from january 2010 to january 2014 capacity on domestic plate and translate. airfare jumped about 13% from 2009 to 2014. they also earn billions of dollars in new fees and i know you know that well. one of snack, here's a seat. wonder bread i'm a? fee for that. dagen: amtrak works so well for the u.s. government. the government has not promised cheap line for the american
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people. that is what they are moving towards. let's get you caught up on global markets. in europe stocks are officially flat today. that is the look of calm and stock trading. in the u.s. we've had slight gains so far this morning. right around the same territory for the last 25 minutes. 8:00 a.m. eastern job reports could move markets. business reporter tracey chang is live in beijing. tracey is a reporter for chinese state television. good morning. reporter: good morning. asian markets mostly higher with the exception of the nikkei composite. another 3% decline despite the commission's repeated effort to prop up trading. they have listed will send nothing seems to be other to stop the bleeding for the past two weeks. in hong kong markets are treated to the upside. the hang seng gained slightly
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things to casino shares. japanese stocks are seeing green. the nikkei 1% following overnight and the cheaper yen lifted exporters and south korea to cost the rows about half of a percent black by pharmaceutical companies with a one-month high. back to you, dagen. dagen: tracey chang in china for us. let's get a literature thursday forecast of meteorologist maria molina. reporter: good morning, dagen. yesterday's reports around the kansas city area also tracking concerned threat the day today. early this morning we help one cluster of stars about nebraska and another 37 part of missouri producing flash flooding. a number of warnings have been issued in one to three inches of rainfall have fallen in a short amount of time. this afternoon and tonight the thread for more severe storms from tennessee to parts of the
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oklahoma and texas panhandle. in addition to large-scale damaging winds and marginal risk or said bear stearns as we head into tomorrow. the forecast for more rain across similar areas. four inches in parts of virginia, tennessee and further west in oklahoma. dagen: maria molina, meet at fox. coming up, time for the cherry slurp your coca-cola sleepy but she don't want to get off your sofa. 711, here is your pain. a wild week on wall street as the latest twist and turn in the great drama. checking u.s. stock market futures right now. green across your screen. 60-point gain on the futures. 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. you have a little bit is telling the let's call that stability. and when germany turned around. same story in the u.s. green across your screen this
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morning. 19-point gain on the features. 711 testing a new delivery service. lauren has the story. lauren:'s 711 delivering scorpius, bridges and snacks in oakland, california. they teamed up with a clever company with a $5 million valuation right now to make deliveries than an hour or less. plans are to expand in new york, eliot, washington d.c., chicago and austin this year. delivering stuff to put in our microwave, how lazy can we get. dagen: slurp these don't travel well. you have to drink it before you leave the store because that is just kool-aid. lauren: confession i can't believe slurp these are being delivered. it sounds like they are doing snacks and drinks.
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dagen: they do that delivery for starbucks in amazon. transfer we are so lazy and we're willing to pay a fee for the area. dagen: this to be huge in colorado and oregon, washington. trade for unmistakable watch postrace because the valuation will be big. dagen: bananas. coming up, speaking of bananas, cash crunches today and everyday people. greek citizens. a live report from our man in athens. ever wonder why folks identify these days? so does the government. it is looking into price fixing on the airlines. stock market futures green. you are watching "fbn:am," your first look at morning market and breaking news.
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is ♪ if i can reach the stars ♪ pull one down for you
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♪ shine it on my heart ♪ so you could see the truth ♪ - ♪ i could change the world - ♪ change the world ♪ i would be the sunlight in your universe ♪ ♪ you would think my love was really something good ♪ ♪ baby, if i could ♪ change the world ♪ baby, if i could ♪ change ♪ the world... ( woman speaks ) a message from the foundation for a better life.
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dagen: breaking news this morning. greece's cash crunch taking a toll in everyday life for greek citizens. a live report from athens in a moment. after yesterdays blog writers check u.s. out market futures ahead of the opening bell. green across your screen. investors turn to the u.s. economy this morning. we will tell you three things to watch in today's release of the june jobs report. ever wonder why airfares are so high? the u.s. government investigating them. face the video/4 million times a day. the social network getting serious about making money from the audience. good morning, everyone. i am dagen mcdowell and for
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sandra smith. i am joined by lauren simonetti entrance eyes. welcome to "fbn:am," the latest breaking news and what to expect today i had. lauren, you have to what to watch in the critical jobs report. lauren: what are the jobs and how much are they are paid. nicole: at the department of justice looking into the airlines. are they putting on enough flies. they are looking into collusion. trade to greece and creditors of halted talks until after sunday's rough around the. meanwhile, prime minister alexis tsipras urging greece to reject a deal. ashley webster in athens with the latest rising tension in the street. reporter: good morning to you, dagen. bloglines has been farming all day. people get an invite to take some cash. singer said since yesterday were told to come back today or tomorrow which adds to the sense
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of panic and concern as you imagine it taking people an hour and a half to get their 60 euros out over the 120 euros if you're a senior citizen a retiree trying to get access to your state pension. what is interesting is we heard from the state finance or yesterday and he said a few moments ago that creditors know greece will keep his word. this comes two days after the country defaulted on the imf payment. it doesn't hold a lot of water. also reported it will be a gas stove. last night he told voters this is a dark moment. they closed face for the purpose of blackmailing. i will tell you as the great drama has gone on with the base closing, dagen, degas those types targeted to rise. this is down to the wire how
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this will turn out on sunday. perhaps the yes votes will just about take means. dagen: terrific reporting as always. you can watch ashley all day long on "fbn:am." puerto rico able to put off fears that the default. making payments of $1 billion to july 1st. payment of $645 million made on its obligation bond. puerto rico power authority mini $415 billion payment. concerns this week when the moratorium was asked for the u.s. territory to that unsustainable. fox's luring the irs inspector general's report on the scandal has been released. the report claimed to be out on tuesday and meanwhile a collection of e-mails belonging to former irs official lois lerner has been released as well. her office targeting consumer groups for extra pay.
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employers hired another fast pace last month. federal government released unemployment figures this morning. lauren has the details. lauren: the june jobs report case before the market opens. expected 230,000 jobs down from 280 k. a 80 k. and make an unemployment rate dipped 5.4%. three things to look for. the miles down. employers added 12 million jobs the past five years. the job gains 56 month straight. all despite an expansion has been rocky. three quarterly contractions in that time. wages going out. you might finally start to be making more money. average hourly earnings that 2.3% in may from last year. workers making about $25 an hour on average. finally the politics of all of this. supreme court upheld upon the care to shed the light of the
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medical are going forward. the white house announced new overtime rules. the report may serve as a baseline of hours worked before the ot takes effect as more people become eligible for time and a half. the bosses come in and cut back hours. nicole: we got a good atp report, due. train to stay with fox business for the special jobs report. jobs in america, maria bartiromo breaks down all the numbers. you come to your family come your money come your life this morning. 8:00 eastern time. justice department with possible collusion among major u.s. airlines. nicole hit the stocks which are already down. transfer the stocks are all down minus jetblue. the government has launched a civil antitrust investigation as
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to whether airlines legally colluded to them as he can keep airfare hikes for you. the probe is focused whether airlines signal to each other how quickly they would add new flight, routes and extra seats. justice department demanded copies of communications the airlines had with each other. the names they look at closely american, delta, southwest and united airline all said they've received the letter and are complying. they are working with the department of justice. from january 2010th of january 2014, capacity is virtually flat. average domestic airfare jumped about 13% from 20,922,014 and airlines also earned billions of dollars for new fees that they have said they needed to institute in order to stay above ground. dagen: clearly it's a crime to earn money if your corporation. just saying. i know people hate the airlines
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but it's a business not owned by the government. if you want the government's own that you'll have an the air. lauren: jeb lu has a rooftop car before you can enter flight were you can walk your dog and get a hot dog from the food cart. not kidding. dagen: that is terrific. thank you nicole, lauren. chinese authorities keeping the stock market from plunging further. beijing would relax with some borrowing is to invest in stop lowering transaction is. it didn't work. sinking further into bear market territory chopping another 3.5%. thursday more than 24% from its recent high mid june. let's get you caught up on global markets. europe as well. but at the moment that the selling is very tame. in the u.s. the story is altogether different. 16-point gain in the dow futures. facebook unveiling a new plan to make money from online video.
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the goal, why does it have to? nicole: everybody is looking at videos. we've seen it grow fourfold over the last several. facebook plans to share ad revenue with video creators. the social network says it will have a new feature called suggestive video downloads that ads be trained refreshingly chosen content. the revenue-sharing model is similar and that is who they are trying to battle again. facebook keeping 45% of the revenue. users watch videos or bill yen times a day. the move is aimed at smartphones and 75% of the reviews and taste the. dagen: thank you, nicole. bubble wrap losing its pop. the company hopes sales come back with a bang. so they are a corporation that comic maker is rolling out i bubble wrap. it takes out 158 -- that is what
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is going away. we are grateful it's going away. dad is lauren simonetti with some old bubble wrap. it does take less space. the new wrap will not make this noise when you put pressure on it. people are turning their tv set off. just in the noise. the company hoping the new sizes going to cut down shipping costs and appeal to large online retailers. it's been having a difficult time with the big online retailer. it will continue to block for the original version as well. the kids roll it down the hall way. there's something very satisfying. the small bubble wrap doesn't have the same effect. coming up everybody comes to their weather has been >> in the midwest overnight.
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ken says in missouri. taking a look at that. the world cup soccer in japan. the championship game is set. team u.s.a. will be looking to avenge their loss to japan in the last world cup championship. a wild week for investors. monday, a distant memory. let's hope so. green across your screen. you are watching "fbn:am", your first look at morning market for breaking news. ♪
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dagen: lets the yukon at the
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global market in europe you type in selling diet the ftse in positive territory. rarely bubble take it. the combat of the referendum and greece on sunday. u.s. stock market features some optimism after yesterday's gains. 8:30 a.m. eastern market movers today. meantime the confederate flag controversy had a nascar this weekend. the speedway will implement a voluntary five exchange program earnestly in flying a flag during the weekend festivities. the track will exchange a u.s. flag for a confederate one. mascara are ready for the use of the confederate flag in official areas of the track around the country. if fans choose not to make the switch this weekend they will be allowed to fly their confederate flags. turning to other sports come at
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team u.s.a. on sunday once a major pain in the women's world cup finals. japan defeated england to do one last night to earn a spot in the final. england not the deciding goal into a telnet. the u.s. and japan met in the 2011 title match with japan winning on penalty kicks. in baseball at indian pitcher carlos grasso came within one striker throwing the first cleveland no-hitter since 1981. tampa bay's joey butler and the victory with an rbi single over a leaping second base count. indians still 18 to one. day three was the hottest day on record at wimbledon as 96 degrees steamy for london. the men's top seed novak joker advance at the round win in straight sets. women's number one serena williams won her second round match. serena has already won the australian friendship is this
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year. can she make it a grand slam. some wild weather across the country today. let's get a today. let's get a look at your thursday forecast with meteorologist maria molina. reporter: hello, everybody at home. wild weather across the plains and into parts of the south. i want to show you storms going on right now across nebraska producing heavy rains, gusty winds in southern missouri northern arc of a online ahead. on the move for 12 hours now across parts of missouri and producer reported tornado. we will keep you updated on that. this afternoon and evening storms will be developing areas of missouri. tennessee to oklahoma and texas panhandle zoo heifers perseveres orange and as they headed tomorrow more severe storms possible from the southeast to the place. temperature wise not to god.
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60s forecast out there. out west extreme hit triple digits noisy, las vegas and phoenix. over to you. dagen: maria molina. one more time before we handed over to maria bartiromo. stay with us. ♪ check your broker with brokercheck.
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dagen: the u.s. markets, we like to see this. we enjoy reporting good news. green across your screen after yesterday's gains on the dow, s&p and nasdaq. job reports to live your markets. maria bartiromo into the next hour. the next three hours. i'll see you at 7:00 a.m. jack otter is bare, bare his preview. maria: that is right.
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there is looking at activism and now will be interesting because he's had some success but not all all all success. dupont pushed back on him so we will talk about dupont, pepsico situations nelson pelz has overseen. really activism in general because it has been one of the big themes for business this year. do you see in the board room lots of different tragedies to be prepared. think about activities and beat ready for it. we will talk about that with jack otter. we are with phil orlando today in the high expectations. 230,000 new jobs is what they're looking for. he was saying the indications he's been looking at could be stronger than not. he's about 240,000 non-jobs. we will get into what is behind the optimism. what does that mean for the
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second half. so excited we can look back and know where we were in would have expectations that were going. a nice preview to talk about the consumer, what can that look like. and what is already priced into the market. dagen: can't wait. see if all of this. maria: i maria bartiromo. happy thursday. it is thursday, july 2nd. with many investors from around joe weekend. first, your top stories. airlines in airlines in the middle of a civil antitrust investigation. the government wants to know if these airlines were working together to charge you more money to travel. investigators decide by the airlines illegally colluded to keep airfares on the high side. greece is still the big stories creditors have halted talks on after sunday's referendum. market society and anticipate. greek prime minister alexis
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sontag project team international bailouts. he says vote no. ian bremmer tells us there's only one real loser in all of this. >> it takes two to tango and they have been tango with all the way to the ground. the people that suffer the most will continue to be the greeks in at the end of the day the markets can rally. greeks are suffering. let's not forget that. maria: we see it in the street. markets trading flat, basically digestion from yesterday and the early look at futures look like this. we are looking at money moving into equities once again in the u.s. dow industrial expected to open higher. the labor department expected to sell the 230,000 jobs added to the economy in the month of june. fewer jobs added from the 280,000 inmates is still the unemployment rate expected to decline to 5.0%. co

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