tv FBN AM FOX Business July 14, 2015 5:00am-6:01am EDT
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sandra: breaking news this morning. it's a deal. iran strikes in agreement with world powers to curb its nuclear program. the deal could lead to the lifting of sanctions against iran, allowing them to return to the world oil market. you are looking now like the pictures from vietnam and secretaries hate john kerry speaks. we will go to that room live from austria. meanwhile, sending oil prices sharply lower in the overnight session. as this the, oil of more than 2% thinking closer to $50 a barrel mark. the news could wait even a oil
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stocks as well. checking in on the u.s. stock market futures ahead of the opening bell on wall street right now down 13 points. makes recognize the s&p is lower but nasdaq futures higher. $23 billion deal could be in the works for a chinese state computer chip maker for microtechnology. two of the nation's banks had to rip out their profits. we will tell you what to take from jpmorgan and wells fargo. they tuesday morning. i am senator smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am" come your first look at today's markets and the two expected a head. breaking news this morning, i ran a six world parties granting tehran sanctions leave in exchange for curves of the atomic or grim. under the agreement, u.n. inspectors have access to all suspect iranian sites including military ones. diplomats also send you a missile sanctions will not be listed for a year.
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a u.n. arms embargo will remain in place for five years. the deal allows for restoration of you in sanctions within 65 days if iran violates the agreement. meanwhile, oil prices plunging this morning. on the news, experts say we take many, many months to ramp up expert capacity following any easing of sanctions is a lot of oil in storage, even a modest initial in recipient have to put oil prices down further and asked the market producing about 2.5 million barrels per day above needed demand. secretary of state john kerry expected to speak this morning. we will be monitoring the situation in vienna. we'll bring you, and live as soon as it happened. not only will this be a mover for the broader market but we watch oil prices as well. joining us now by phone is still fled from the price futures
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group. good morning to you. thank you for joining so early. what are you looking for in watching this morning? >> obviously the news since oil prices lower at this initially in the market has to judge how quickly everyone can get their production up to capacity and how quickly it can bring civil oil to the market. it's been widely reported they have close to 30 to 40 million barrels of oil in storage that could be reached quickly into the market. the big question is how they plan to do it. we've heard in the past iran has said they are not going to crush oil prices and will be smart about the way they let oil back onto the market. it will be interesting to see with saudi arabia does because saudi arabia has a gentleman with iran or other opec members to cut back production.
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because of the bad feelings, i don't know if they will get a deal i'm not. >> ray, thanks for joining us this morning. all of this the day after opec raised its demand forecast for 2016. we are watching this oil prices with a lot coming out this morning. greece has the framework for another bailout deal, but now it's up to prime minister alexis tsipras to sell it to his country's parliament. lawmakers accuse tsipras is to increase out after he slid to austerity measures on financial aid. steps include sales tax hikes and pension labor reforms. tsipras has until tomorrow to get the security package to the greek parliament and now parrot does the greek waiter will hold his government together. a deal to talk about this morning. a major chip deal could be in the works and it involves state on chipmaker by his chipmaker. lauren has more on the story. >> i absolutely do.
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"the wall street journal" and reuters reporting the chinese state on chipmaker chainwide user group has made a $23 billion deal for micron technology that breaks under $21 a share, 19% premium over yesterday. we are seeing today is this a stock that has been cut in half this year. there are concerns about the health of the personal computer market as for why they would want mike rohde committee means more domestic sources for smartphone industry. if approved, the deal would be the largest chinese takeover of a u.s. company. micron tells fox business that has not received an offer. you are looking at the statement right there. >> thank you, warren. latest profits before the opening bell this morning. >> it is so funny because we used because we has to say i'll call it kicks off earnings
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season and a lot of people say not so anymore and a lot of people are waiting for these things. let's get to it. investors will get a look at earnings from jpmorgan chase. expected to report a profit of $1.44 down 2 cents from a year ago. also expected to fall slightly to $24.5 billion. three things to watch for with jpmorgan and updates on the layoff. any new information on major fine and whether investment thinking and a big story for banks. how about wells fargo? they will release second-quarter will release second quarter results an hour later. analysts look for the bank to report a profit of $1.3 and 2 cents higher year-over-year. revenue is expected to increase to $21.7 million. investors watching this one on wells fargo. any insight on featured deals,
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exposure to oil and gas producers and a possible rebound in the mortgage business has been a big story. wells fargo is the biggest u.s. mortgage lender. bank of america tomorrow. sandra: thanks, nicole. let's get you caught up a global market action as we kick off tuesday morning. asian markets to the downside including a loss of 1% of the market in shanghai we've been watching so closely. hundreds of shares reported they came off this recent trading halts. the government trying to stem losses there. in europe, stocks watching as well to the downside. the ftse, cac and dax with losses and trading in u.s. stock market futures looking like this right now. nasdaq futures higher, dow and s&p futures lower. checking the big move in oil prices this morning. a move of 2% to the downside of 5125 a barrel this morning.
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this as we await comments from secretary of state john kerry out of vienna. the fbi investigating threat intrigues to republican presidential candidate donald trump. the treats were from an account run by mexico's most powerful drug lord, choose men, who escaped over the weekend. these threats come after trot a comments about el chapo following his escape. he is now offering a reward for the capture of $3.8 million of el chapo. new york city has agreed to pay the famous erik kerner shies $6 million to settle a lawsuit. gardener with a staten island man who died last year after city police officer used a choke hold will placing them under her. gardner's estate filed a claim after his death last july. he was suspected of selling untaxed cigarettes.
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securities exchange commission commission has announced a settlement admitted later trading scheme involving notes on napkins and post it passed at new york's grand central terminal. the fec breached frank tamayo with tips from a law firm squire can relate them to stop broker to the train station on napkins or notes he didn't shoot up or age. the fec said tamayo cooperated and will not face a monetary penalty. can't make data. homeland security secretary jeh johnson set to testify before the house judiciary committee this morning about so-called sanctuary cities. cities prohibit law enforcement officers from detaining suspects based solely on requests for immigration and customs enforcement agents. this comes after woman's murder in san francisco allegedly committed by an undocumented
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immigrant released from jail. the victim's parents were on fox news o'reilly last night. >> we turned around and came back. we heard a shot and he went down and the rest we all know what happened then. >> what did she say before she went down? >> help me, dad. >> a congressional hearing is scheduled for 10:00 a.m. eastern. sandra: iran strikes a deal over the nuclear futures that could allow iran to check oil and that offended prices sharply lower. in sports, the hometown favorite was hometown favorite wins the home run derby at it tonight's all-star game. we will have the headlights. checking in on your stock index futures as we kick off the morning you look at nasdaq futures. slightly lower. you are watching "fbn:am," your
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sandra: welcome back on this tuesday morning. the state caught up on global market action. over in asia you will see mostly to the downside stocks trading with a shame hath a full percent. lots of people watching markets has hundreds of shares came off recent trading halts they are. next action in east k. higher. stocks of the downside as well. ftse, cac and dax all trading holder. futures somewhat mixed in today's action. so far futures up a couple points. dow and s&p to the downside.
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oil prices is a market to watch this morning as we await the announcement of the deal on the everyday nuclear deal. oil prices at 5115 a barrel down a bug, a loss of 2% right now. will much oil before and after they announce that we should have that live sometime this morning. turning to sports, baseball's all-star game will be played in cincinnati. last night it was time to show the home run derby. the format changed this year to a four-minute clock. apparently the third baseman todd frazier had the home to advantage. rookie outfielder josh peters and 15 to 14 in the final round to capture the title. and call are fresh off his weekend wind, and jordan spieth showing no signs of slowing down. he arrived to prepare for the british open. his original plan to hit some in play nine holes. instead it ended up playing a
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full 18. british open begins on thursday. coming up, the u.s. and iran strike and historic air deal sending oil prices sharply to the downside. this morning the latest details on that. homer simpson's favorite brew about to go a sale. it would be hard to get your hands on it. we will have the story. checking your stock index futures looking to the downside right now. s&p dow futures are lower. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
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sandra: breaking news this morning. it's a deal. iran strikes an agreement to curb its nuclear program. the deal could lead to the lifting of sanctions against iran allowing it to return to the world oil market. the new sending oil prices sharply lower in early trading off nearly 2% right now. the news could weigh on big oil stocks as well, checking u.s. stock market futures ahead of the opening bell. dow and s&p lower, nasdaq higher. $23 billion bill could he in the works for a chinese state chip chipmaker to buy micron technology. two of the nation's biggest banks to report their latest profits. we will tell you what to expect from jpmorgan as well as wells fargo. i am sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at today's markets. raking isn't what you need to
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expect the day ahead. breaking news this morning. i ran in vicksburg partners reaching and historic nuclear deal granting to run sanctions release in exchange for curbs on its atomic program. under the agreement, u.n. inspectors have access to all sites including military ones. diplomats say you missile sanctions will not be lifted for eight years. the u.n. arms embargo will remain in place for five years allowing for restoration of you in sanctions within 65 days if they violate the agreement. oil prices are react to this this morning and turning to the downside of more than a dollar ,-com,-com ma a loss of 2%. experts say would take iran many months to fully ramp up oil export capacity following any easing of sanctions but you're still talking about 30 million barrels pumped on the market that has been in storage that could weigh heavily on oil. even a modest initial increase
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could be putting oil prices down further and producing 2.5 million barrels per day above demand. we are watching for it. secretary of state john kerry expected to speak at any moment this morning. we'll bring you his comments live as soon as it happens. reese is a framework for another bailout deal. now it's up to prime minister alexis tsipras to sell it. some accuse tsipras after he agreed to sit in a sturdy mashers in exchange for formal talks on financially. those include sales tax hikes, pension and labor form. tsipras has until tomorrow to get the package to the greek parliament and now the greek leader will be able to hold his government together. a deal to talk about this morning. a major deal in the works involves chinese state-owned chipmaker by aeneas chipmaker. moran has more on the story for us.
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trained for this chinese state-owned chipmaker estimated $23 billion paid for micron technology and put the market is like a net. micron shares right now are up 9%. the deal breaks down to $21 a share from a 19% premium over yesterday. remember this is the stock that has been cut in half since the beginning of this year. her concerns about the health of the personal market for micron makes a lot of memory chips and the question is why would question is by what they bought micron? it needs more domestic sources for smartphones. if approved, the deal with it the largest chinese takeover of an american comp me not to mention a lot of cheap deals recently. micron tells this to fox business, basically saying it has not received an offer but we will call it for you. sandra: thank you. two big banks report the latest before the opening bell.
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>> indeed, looking forward to days. today we have to focus on. investors look at earnings from jpmorgan chase with favorite expect a profit of $1.44 per share down 2 cents a year ago. revenue expected to fall slightly to $24.5 billion. three things to watch here for jpmorgan chase. an update on the last that the bank announced back in may. also when a new information on major finds of whether investment bank in a still growing. also a spot we've been watching closely. wells fargo will release second quarter earnings an hour later. look there for the big report a profit of $1.3. that'll be 2 cents higher year-over-year. revenue expected to increase $21.7 billion this one, wells fargo investors looking for insight and future deals with ge from exposure to oil and gas producers an interesting story and a possible rebound in the
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mortgage business. wells fargo is the biggest u.s. mortgage lender and the company would focus closely. sandra: thinks we will be watching. johnson & johnson and csx corp. and google this week. let's get you caught up a global action market this morning. in europe we see trading to the downside outflows of the session but still losses that they can't carry on. dax in germany. the u.s. stock market futures pointed to a lover opened with the broader market, s&p and dow down. nasdaq futures higher. oil prices is a big focus this morning as we await john kerry and his words on the announced nuclear deal and i ran speaking from vienna. we will hear from him in a little bit. 5110 is the price per barrel for oil there. physics acted to be sellouts,
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maybe pricing. you are looking at potentially much more oil on the market that is already seen supplies. watching it for you. protesters targeted hamptons over the weekend. according to reports, 200 demonstrators gathered outside the east hampton home of hedge fund billionaires and he was hosting a fundraiser for new york governor andrew cuomo that the group called the hedge clippers apparently directed their anger for making a lot of money. we have some images a little bit later. they were carrying signs that read hedge funds equal inequality. it is spreading some fear a day or in the community that there might be more protesters while they enjoy vacations. we are also watching the idea. look at this story. it will soon be launching a service that allows working mothers to shift expressed milk back onto babies while traveling
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on business. federal law requires employers to provide a private space and break time for mothers to express milk but nothing for nursing mothers traveling on business. the packaging and shipping expense will be covered now by ibm. the program expected to launch in september. the highly publicized novels from the authors "to kill a mockingbird" croissant to today. harper lee's a ghost of oshman takes place 20 years after the mockingbird book has added his friend she was a lawyer defended a wrongly accused black and now to pick it as a racist who once attended a clan meeting. u.s. publisher harpercollins has printed more than 200 million copies and is number one on the bestseller lists. since then, fans overseas will get a real taste of the animated series. , celebrated suds from the simpsons is going to fail in chile with the planned rollout
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throughout south america and possibly europe by early next year. u.s. spends much of the brew as companies -- as manufacturers say it will not be offered outside of universal studios. coming up, the landmark nuclear deal since oil prices tumbling. the latest details they are. after 9.5 years and 3 billion miles, nasa's horizons spacecraft will get a close-up of pluto. there is an app for that. checking u.s. stock index futures, dow, s&p lowered. you are watching "fbn:am" have your first look at earning markets and breaking news. ♪
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crude oil prices taking a decisive town, falling sharply on the ukrainian nuclear deal. 5121 a barrel off nearly 2% right now. kudos getting ready for his close-up today. lauren: this is awesome. it may seem a little bit closer for us today. as nasa's new horizons spacecraft is set to fly by the distant planet in less than three hours from now. a 3 billion-mile trip took nine and a half years to complete and you can see the pictures at the nearby. john hawks skins as one for apple users and nasa has one for when says that mac users called iphone pluto. if you want to see want to say this, download the. technology at its best. >> usually receive drawings rending of the pictures here this is basically real almost five images.
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>> is a dwarf planet. in 2006 at last day. >> i will be very popular. >> what happens when kids make the whole thing they do. number one science project in america. now there is a warning for and drug users. google will store your phone pictures and videos in the cloud even after you delete the google photo apps from your phone or tablet. the company is working on a fix for the problem as they call it. in the meantime you don't want google to keep storing and media, make sure you turn off the photo backup using google settings. a sin and a picture is fair game. it is out there people dissecting a ticket. >> ugo says if you delete our app will still save your pictures. coming up, oil prices fall sharply after i've been on the u.s. strike a deal that could
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have sanctions and replace millions of barrels of iranian crude oil onto the market. everybody watching oil prices this morning. mexico offers $4 million for the capture of escape drug lord al chacko why he apparently tweeted a death threat to the donald. we will have the details. checking u.s. stock market futures ahead of the open this morning with big big openings, dow and s&p are lower and nasdaq futures out. you are watching "fbn:am," your first look at morning market and breaking news. ♪
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lifting of sanctions against iran and allowing them to the world oil market. sending oil prices sharply lower right now of more than 2%. the news could wave a gun oil stocks in trading today as well. checking u.s. stock market futures ahead of the opening bell. nasdaq futures upcoming talent s&p lower. $23 billion deal and the work for a chinese state chipmaker to buy micron track knowledge he and two of the nation's biggest banks had to report their latest results. we will tell you what to expect from jpmorgan and wells fargo. good morning and sandra smith joined by trained eccentric and five. welcome to "fbn:am" come your first look at what is moving in today's market and what to expect today ahead. breaking news this morning, i ran a six world powers breaching and historic nuclear deal granting tehran sanctions for kurds in the nuclear program. oil prices plunging this morning. experts say would take many
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months to fully ramp up export capacity following an easing of sanctions. fox business blake bergmann joins us with details on the deal as we await john kerry to make comments this morning. what are we learning? >> good morning. weeks of lengthy negotiations and several blown deadline along the way, united states partners and iran have come to an event over iran's nuclear program. exact details yet to be officially released by the team of u.s. negotiators. "the associated press" said the deal would allow u.n. inspectors to press for a visit to iranian military sites as part of the monitoring duty. being granted access is not necessarily a guarantee in all of this and could also be delayed as well. iran of course also has the ability to challenge the request. certainly a departure from the previous declaration that iaea
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inspectors would never be allowed in for inspection. reactions starting to pour in. top negotiator quoted as calling this an unnecessary crisis but also historic moment while benjamin netanyahu reportedly slammed the cooperation and calling it a bad mistake of historic proportions. it is important to point out while this is the end for the negotiations going on for weeks and months and years, this is also the beginning of what will play out on capitol hill as lawmakers have 60 days to review the entire deed at the dealer did it go from there. they deal in place here in washington, the politics of all of this most likely just beginning. sandra: 17 days of negotiations for 12 years of deadlock we have an agreement. thank you, blake or secretary of state john kerry expected to
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speak this morning. we'll bring that to you live as soon as it happensing. we'll bring that to you live as soon as it happens. grace has the framework for a bailout deal, but now it's up to prime minister alexis tsipras to sell it to department. lawmakers accuse tsipras if someone reset after he agreed to sweeping security measures in exchange for formal talks on financial aid. the sensors sales tax hike. he has until tomorrow to get the sturdy package through the parliament. now they're at as the greek waiter will hold his government together. another deal, a major deal in the works involves chinese state on chipmaker by new u.s. chipmaker. moran has more on the story. >> "wall street journal" reporting chainwide unit group made a $23 billion bid for micron track knowledge he. break it down 21 bucks a share, 19% premium yesterday.
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micron stock cut in half this year. this morning it is soaring. made $10 a share. 11% pop. there are concerns about the health of the personal computer market. so while it is due in belgrade now, belgrade now, the stock has been an sharply. people are buying as many computers. it needs more domestic sources for smartphones and this is why they deal with such a good deal. if approved would be the largest takeover over u.s. company. micron tells fox business it has not received an offer. >> the patriot in me. always hurts when you hear about it particular chinese company taking over great american count me. you have seen a diversion such as intel down 18%. rod, 20%. the group overall sum of volatile.
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tree into one quick note. we are getting word the president will deliver a statement on iran at 7:00 a.m. eastern time this morning as we watch the announcement of the deal. we've also got a couple of big big earnings. in a cold this morning. banks are porting latest results. nicole: it is earnings season. i think a lot of people will watch these earnings today. jpmorgan chase. the bank is expected to report a second order profit of $1.44 down 2 cents a year ago. revenue expected to fall slightly to nearly $24.5 billion. here are three things to watch when you're the jpmorgan numbers come out. also look for anything on the layoffs. the bank announced layoffs in may with an update on that in any new information on major finds. and whether the banking is still
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growing. they will reduce the second quarter results an hour later and look for the bank to report a profit of $1.3 per share. that is to send higher year-over-year revenue expected to bring greece $21.79. investors for wells fargo watching for insight on featured deals with ge, exposure to oil and gas producers because gas and oil have been so volatile. a possible rebound in the mortgage business. by the way, tomorrow bank of america will cover that as well. drink a busy week for bank earnings. meanwhile it look a global stockmarket action as we head into the trading day. asian markets. the nikkei to the upside, having said that including the loss of 1% in the shanghai stock market as hundreds of shares reportedly come off of the recent trading
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halt what the government trying to stem the rapid losses worked for some time. not all. european stocks with the ftse off a couple of points. now a path of a percent there. u.s. stock market futures looking like nasdaq slightly higher. makes trading at the moment. dow and s&p futures lower. look at this oil price as we watch this morning i miss agreement on every nuclear deal. oil prices off nearly 2% right now at 5120 a barrel. homeland security secretary jeh johnson set to testify before the house judiciary committee this morning about sanctuary cities are the cities prohibit law-enforcement officers from detaining suspects based solely on request from immigration and customs of worsening agents. this comes after woman's murder in san francisco committed by undocumented immigrant released from jail. the victim's brother was on fox
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news kelley file last night. >> she had all of the possibilities and dreams that any young woman her age could have and she was realizing that dream and unfortunately because of the lack of structure and the lack of people taking a stand for what is right and getting things right in the system has failed my sister miserably. train to the congressional hearing scheduled for 10:00 a.m. eastern time today. coming up, iran had her demand barrels of oil in storage. oil traders looking closely at this historic nuclear deal. we will check on oil prices and we also expect to hear from president obama just announced a 7:00 a.m. eastern on this deal
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from the white house. make sure you save 10 to fox business network. we will have all the live coverage. the hometown sports pick in the home run derby ahead of the all-star game. we had the story checking in on features and makes trading action. nasdaq futures higher. you are watching "fbn:am," your first look at morning markets and breaking news.
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action this morning. asian markets finishing the day to the downside included massive 1% in the shanghai composite. hundreds of shares reportedly came off the recent trading halts put in place by the government to try to stand those losses there is the market entered bear market territory. european markets at the dax in germany stinking overbite now. six tenths of 1%. here at home listings and makes trading action. the dow and s&p lower after the games. nasdaq following a three state days of gains. watching iranian nuclear talks closely right now you'll see a selloff was nearly 2%. this is the expectation is we would see more oil than iranian oil coming onto an artist.oil market. turning to sports, baseball's all-star game will be played in cincinnati. last night the home run derby format changed a bit this year
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to a four minute clock from the old round and apparently todd frazier had the home-field advantage. dodgers rookie 15 to 14 in the final round to capture the title. and golf come a big weekend for a call for sure. pressure at the weekend when, jordan spieth showing no signs of slowing down. he prepares for the british open. original plan to hit some and play nine holes. the british open begins thursday before you head out the door, a look at your tuesday forecast. in case you're golfing with fox meteorologist maria molina. reporter: good morning. if you're doing golfing, unfortunately you have to get away ticket those warnings are up to date today. risk for severe storms including
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large hail across kentucky, west virginia, tennessee and into the carolinas. a secondary area with the high plains and flash flooding also a concern. warnings out here with heavy rain moving through and the flooding forecasted continued. the heat on into the southeast. values in the triple digits today. look at the numbers as far as what we expect this afternoon. 100 degrees in the city of dallas. middle 90s for the city of atlanta. sandra. sandra: maria, thank you so much. when they come back, global market action before we handed off to maria bartiromo. stay with us. give you 37-thousand to replace it.
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sandra: welcome back. a final but the global market action. trading to the downside in the u.s. makes trading action as nasdaq futures are higher. dow and s&p points to a lower opening. watching the oil market as we await john kerry and the president to speak on this nuclear deal with iran. oil prices continue to the downside up 2% and we are waiting for this statement coming from president obama on iran. that'll be 7:00 a.m. eastern time. fox business will have live coverage of that. time for maria bartiromo and "mornings with maria." maria: thank you so much. good morning, everybody. i am maria bartiromo. it is tuesday, july 14. happy tuesday. brusque ostrich with us. global strategist anastacia amoroso and our road dagen mcdowell. and iran nuclear deal of grace. the agreement signed off moments ago cap in a decade and in
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recent weeks that negotiations the force that minds to keep pushing back. details include namebrand editing capabilities for more than 10 years in exchange for lifting oil and economic sanctions ahead. iran's foreign minister calling the deal a win-win solution in a niche or a photo. secretary of state john kerry to speak momentarily. we'll take you live. president obama with a g on the white house at 7:00 a.m. this turn. bring you both press conferences live when they happen. the news have an immediate impact on the price of oil. sanctions being lifted me increase oil and supply us with a million a day eventually on the market. oil down 2%. the kanata mixed up and in terms of equities as you can see we expect weakness. a lot to have been. janet yellen headliner when samplers day. big earnings getting under way.
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we will bring you up the numbers as soon as they are out and watching stocks trade as well. a chinese state chipmaker has prepared $23 billion offer for micron. the deal will be the largest chinese takeover of an american company yet. breaking news on our top story this morning. i ran a six world powers reaching historic nuclear deal. blake burdened with all the details in washington. reporter: hi, maria. good morning to you as well. the deal ranging from details to lengthy. president obama and john kerry will sell off some of the highlights throughout the morning. john kerry coming minutes. we believe the president is expected to speak an hour from now. associated press says the deal will allow u.n.
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