sandra: breaking news this morning. disturbing new details about the chattanooga shooting that killed five servicemembers. drugs, alcohol and mental problems now part of the picture. donald trump refuses to back down from his criticism of john mccain's military record and ibm and morgan stanley report their latest profits today. the big question, ken bigley get his mojo back. janet.com launches this week with the highest valuations of any text are to. do they have what it takes to take on amazon. even longer it will take a look. gold prices drop sharply

overnight hitting a five-year low in china selling the talk of a u.s. interest rate hike later this year. take a u.s. stock market futures ahead of the opening bell. green to tell you about. the nasdaq adding to that record high from friday. good morning everybody. i am dagen mcdowell and for sandra smith. i'm joined by lauren simonetti entrance eyes. welcome to "fbn:am," the latest breaking news and what to expect for your day ahead. breaking news this morning to tell you about. a family spokesman said the chattanooga shooting suspect suffered from depression and drug and alcohol abuse. he also lost his job over a failed drug test. the spokesman said relatives of mohammed abdulazeez is at the heart of the shooting that killed five u.s. service members. for marines were killed in a day of the shooting and a sailor

wounded in that attack died on saturday. the united nations said to endorse the historic nuclear deal between iran and six world powers today. the u.n. security council to adopt a series of measures to end sanctions against tehran. the vote is scheduled for the morning. the state department has submitted the agreement to congress kicking off the 60 day review period today. greek banks are open for business today after a three-week shutdown to prevent the collapse or restrictions on cash with droughts remain in place and bank cards were still not be able to cash checks, only deposit them into their account or the great parliament approved a third bailout in exchange for tough exchange for tougher security measures and international creditors. the last bit flustered toward this quarterly earnings. nepal has been with a preview of ibm earnings after the bell. nicole: looking for higher

results compare to a year ago. the bank to post a second-quarter profit of 17 cents per share. investors want to see if morgan stanley can report a double-digit return on equity in the first quarter. let's see if they can bring that. they may share insights on how plans to adopt the capital rose finalists by the fed. investors looking for good news from ibm to keep the rally of five. big blue to year-over-year revenue also seen falling to $20.9 billion. analysts say ibm remains in a transition period. the software business grow in importance indeed as it's a difficult time for many companies involved in information technology. they really try to grow that part of the business as well. apple, yahoo!, amazon, starbucks, ibm, zion. names that could be in it.

some of them hitting all-time highs. nicole: google on friday was unbelievable. dagen: speaking of technology. an online shopping site open for business tomorrow has investors buzzing. lauren has the latest. lauren: this would be a hot one. investors are buzzing and now you hear the startup that launches tomorrow. you hear about it and say it has no revenue and likely will for years to come get its potential valuation gets $3 billion. the model is amazon. founder and ceo mark laurie is historic at amazon. it charges 50 bucks a year and promises cheaper prices on any product. that means taking classes to fulfill the promise. let's say an item the customer wants is not in its own inventory. they will then go to retailers such sided shape the item to the

customer at no extra cost for the customer. this business model will work with just those $20 billion of products a year. it will probably do that. nicole: i read into your article in their 24 products in 12 of them came from other distributors. >> they ordered 22 projects and many of them chat.com didn't have. they had good weather websites to get the customer the product and the loss in the endless probably more than the products were worth. dagen: won't matter when their $20 million gets there. lauren: when you look at the nasdaq being at a record level and you think of this potential valuation commit $3 billion the business model, you might want

to scratch your head a little bit. dagen: let's say you can't open global markets. in a shack on the stock started lower. shanghai to gain for third day. japan's nikkei was closed for a holiday. in europe you can take a look at how your major european markets are doing. we have games to report in england, france and germany. u.s. stock market futures are looking pretty decent after the record high for the nasdaq on friday was a solid week over again across the board in the united states. the move in gold. 1114 and constant folding, a five-year low that coated overnight. moving on. looks like we have a deal to start this week. reuters reported lockheed martin has a helicopter from united technologies for $80 billion. the deal expected to be announced this morning in the

cards to lockheed martin in the helicopter under the same roof as the 35 fighter jet. big job is coming at barclays. the bank plans to eliminate 30,000 jobs within two years after firing ceo anthony jenkins last month. the reductions bring the workforce to 100,000 by 2017. cuts are good to cut staff in the middle and back office operation. u.s. companies are a little less optimistic about sales in the third quarter after growth slowed in the prior three months according to the latest survey from the national association of business or business investment is expected to be reduced hiring wishes increase out likely to continue at the current pace. take a look at headlines in today's "wall street journal." clinton to push raving about the capital gains tax rate. hillary clinton will propose a revamp of taxes that would hit some short-term investors with higher rates.

it would prod companies to put more emphasis on long-term growth. aac files for bankruptcy protection, the second time in five years the grocery chain has sought creditor protection amid stiff competition. over time we'll seen boosting low-wage high ranks of a proposal to expand eligibility for overtime pay designed to boost for workers earn. some economists say businesses say it's more likely to add to the number of low paid workers. donald trump not fetching from his criticism of john mccain will appear in an abc this week, trump showed no sign of backing down at the senate leadership summit in iowa on saturday. to sum it up, and mccain spent five years as a prisoner of war in vietnam and hanoi was quote, not a war hero. do you owe john mccain an apology? >> no, not at all.

i believe i will do far more for veterans and john mccain has done for many, many years with all talk no action. he's on television all the time talking, talking. nothing gets done. train to trump wrote an op-ed criticizing mccain again. democratic presidential candidate martin o'malley was confronted against protesters for police brutality at an event in arizona. the crowd to step in the event while lives matter. o'malley later apologizing for saying all lives matter while discussing police violence against african-americans. some good news this morning, former president george h.w. bush has been released from a hospital in maine after being treated for a broken bone in his neck. doctors say the 41st president did not suffer nerve damage when he fell at its home last week. they expect bush will recover fully in three to four months. the u.s. and cuba open and

operate embassies in each other's capital for the first time in 50 years. the terms of an agreement resuming full diplomatic relations bring into effect at midnight. shift will publicly mark later today when cuban officials formally reopen their embassy in washington. secretary of state john kerry will hold a news conference with his cuban counterpart. federal reserve chief janet gallen has signaled the fed could make a decision to increase interest rates and a policy meeting including one later this month. we will find out what fed president james bullard has to say about that and the overall economy when he sits down with peter barnes in an exclusive interview at 8:30 a.m. eastern time on "mornings with maria." coming up, british open and less than an hour the final round gets underway. american phenom jordan spieth just one behind the leader. three-time world surfing

champion expanded off a shark attack in south africa. we will have the latest on that story. checking u.s. stock index futures, take a look across the screen. more ahead. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ and when he perfects his pitch, do you know what chris can do? and that is my recommendation. let's see if he's ready. he can swim with the sharks! he's ready. la quinta inns & suites take care of you, so you can take care of business. book your next stay at lq.com! la quinta!

train till let's get you caught up in global markets in asia. stuck starting much lower. the shanghai managed to gain for a third day. either way, the reason you not see it as it was closed for a holiday. stocks now up across the board. the gains are minor but would

you recorders are you sure you take a look at the u.s. stock index futures across the board. 29-point gain in the dow futures. the big move in gold overnight falling to a five-year low. down it goes. a competition in south africa taken a dangerous turn sunday after surfer nick fanning was attacked by a shark. take a look at his. yes that is a shark. three-time world surfing champion had to punch the shark in the back to scare it away. it leaves you breathless and speechless. fanning left unscathed after quickly being rescued by a safety belt. they did not continue to competition after that by the way. turning to more sports, final round of the british open will conclude today due to weather delays over the weekend. jourdan spieth continues. the masters champion is just a stroke a hind. three players tied for the lead heading into today's round.

he shot a third round six under 66. among the leaders as irish amateur appalled to. the first time an amateur has been tied to the lead in 88 years. dustin johnson who was the midway they don't rent from one-shot lead to five strokes back after shooting a three over 75. in baseball, the mets finally outlasted cardinals in 18 innings. prevents hotheaded tiebreaking pop fly on a squeeze bunt that left 25 men on base and still pulled out the victory. dodgers pitcher continues for the scoreless innings record. 43 and two thirds innings yesterday keeping the national scoreless over eight innings in eight innings in a five to nothing when. another dodger holds the record for 59 innings. coming up, donald trump refuses to back down with his criticism

of senator john mccain's war record. the latest on those words in the gop reaction. jet.com launches this week. what is this company? an online marketplace. i have almost no revenue. years of losses ahead is still one of the highest valuations in an e-commerce startup ever. we will take a closer look. checking u.s. stock index futures. you are watching "fbn:am," your first look at morning markets and breaking news. ♪

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dagen: breaking news this morning from a disturbing new details about the chattanooga shooting suspect that killed five servicemembers. drugs, alcohol or mental problems part of the picture. donald trump refusing to back down from his criticism of john mccain's military record. ibm and morgan stanley report their data is processed today. candidate will get his mojo back? online marketplace jet.com launches with one of the highest valuations for the tech startups ever. do they have what it takes to take on amazon? we'll take a look. gold prices dropping overnight hitting a five-year low. china saddling and of course talk of a u.s. interest rate hike later this year. checking u.s. stock market futures ahead of the opening bell. a 20th point gain on the dow futures on the nasdaq stood out to the record high from friday. good morning, everybody. i am dagen mcdowell and for

sandra smith. i'm joined by transfixing nicole petallides. welcome to "fbn:am," the latest breaking news and what to expect for your day ahead. breaking news this morning to tell you about. a family spokesman says the chattanooga shooting suspect suffered from depression and thought drug and alcohol abuse. he also lost a job over a failed drug test. the spokesman said relatives of mohammed yousef abdulazeez believes those struggles are at the heart of last week shooting, the one that killed five u.s. service members. four marines killed on the day of the shooting and a sailor was founded in the attack. the sailor died on saturday. the united nations set to endorse and historic a deal between iran and six world powers today. the u.n. security council to adopt a series of measures to end sanctions against tehran. the vote is scheduled for the morning. and the meantime the state

department submitted the agreement to congress which kicks off a 60 day review period that starts today. greek banks open for business after a three-week shutdown to prevent their collapse. restrictions on cash withdrawals remain in place. paying customers full text not be able to cash checks, only deposit them into their accounts. the great carnage approved an agreement last week to seek a third built in exchange for tougher security measures and international creditors. w-whiskey you caught up on global markets. you're passing by to tell you about. give that england, france and germany. u.s. stock futures look like this. 26-point gain on the dow right now. nasdaq to reach for another all-time high. gold prices tumbling overnight hitting a five-year low. down below 1114 announced. the last big wall street gave reports quarterly earnings.

nicole petallides has that along with earnings after the bell. nicole: get ready. higher results from morgan stanley compared to a year ago. the bank to impose a second-quarter profit of 74 cents per share on revenue of $9.1 billion. if investors want to see double-digit return on equity is the date of the first quarter. the bank may share insights on how plans to adopt the rules being finalized by the federal reserve. investors looking for good news from ibm. blew expected to report a second-quarter profit of $3.78 per share down year-over-year. revenue falling $20.9 billion. analysts say ibm remains of a transition period as the software business grows in importance are in the time for many companies in information technology. this morning to watch from morgan stanley and halliburton. ibm inside and will be a big week. amazon, yahoo!.

>> chipotle, starbucks. dagen: at amazon and apple big movers in the nasdaq. nicole: a lot of them doing very well. the earnings so far have exceeded expect haitians to strengthen consumer stocks and financial stocks. true into energy hasn't been as awful as people were expecting. before you head out the door, look at your money forecast with box meteorologist maria molina appeared reporter: hello, everybody at home. a lot of weather across parts of the west coast. we've already seen some flash flooding across california and the southwest and the threat is forecast to continue today. further east across parts of the plains and midwest and mid-atlantic thursday chance for severe weather, large hail, damaging winds and isolated tornadoes will be possible with storms. in the south, the big story over the last couple weeks already at

the extreme heat. we expect that to continue with heat and mix values between 10110 degrees. he expands further research costs of mid-atlantic and parts of new jersey out the way down to south carolina. expect the heat to continue not only in the south and east coast but across portions of the central plains. that is well above triple digits. one only does what it will feel like a montgomery, alabama. as they had further west across the rockies, temperatures forecast to be more pleasant in the 80s. dagen: maria molina, thank you for that. disturbing new details about the muslim shooter chattanooga including drug abuse and mental problems. we will have the latest on that. as apple gets ready to release his latest profits this week, we look at challenges the apple watch is facing including getting facebook to like so much. check under stock index futures here for the u.s. markets 26-point gain on the dow.

we have korean as you head into monday morning. you are watching "fbn:am," your first look at morning markets and breaking news. ♪

dagen: where's mad because the

markets are out. not so much in asia's stock starting this week mostly lower. shanghai up almost 1% of the nikkei closed in japan for holiday. over in europe yet gains across your screen pulling back a little bit with a 1% gain in germany. the u.s. markets look pretty solid given what happened last week. again, nasdaq closing friday at an all-time high and you have so far this morning. gold feeling of love. gold prices tumbling overnight. the talk of u.s. interest rate hike later this year heard in gold as well as selling china. in the meantime, apple watching sales of the apple watch. lauren, what is going on? lauren: will find out tomorrow. apple releases its latest earnings tomorrow. it's estimated apple sold between three and 5 million of the devices since they went on sale in april. watch sales are being held back by lack of adoption by major players, facebook, snap chat,

google not designing their apps stored for apple watch. two big reasons for you. how to get their products to stand out on the super small screen that is the apple watch. you have those getting bigger and your ipad, so how do you make products that something so small. the truth of the matter is the apple watch, such a big secret. first of all the products they didn't even have available in backorders and such available in backorders and such in the analysts are saying after that went to did become available. dagen: you have to make an appointment to go in and try one on. the expectations they sell three to 5 million. doesn't have any momentum will be the bigger question. what is this going to be against people want to give?

>> people who are tech savvy really like this. there's going to be a revamp and that might get banned and the they need. we will see. dagen: thank you, lauren. morgan stanley to pass the babe pants to report the trading problems that others reported. tech titan ibm tried to get its mojo back. plus online marketplace jet.com watches this week tried to go across amazon. years of losses ahead and one of the highest valuations after among e-commerce startups. is this the latest sign of something about to burst. take a look at data and take a look at u.s. features at the moment. dow, s&p and nasdaq heading higher. you are watching "fbn:am," your first look at morning markets and breaking news.

♪

dagen: breaking news this morning. disturbing details about the chattanooga shooting suspect who killed five service members. drug problems, alcohol problems and mental problems part of the picture. donald trump refusing to back down from his criticism of john mccain's military record. ibm and morgan stanley report their latest profits today. the big question, can big luke at its mojo back. online marketplace jet.com launches at the highest valuation of any tech started. does the company have what it takes to take on amazon. we will take a look. gold prices drop sharply overnight with a five-year low. china satellite and of course

talk of the u.s. industry rate hike that is hurting chinese staff. check the u.s. stock market futures ahead of the opening bout. dow, s&p, nasdaq across the board aiming for a record high. i am dagen mcdowell and four senator smith. i am here with lauren simonetti and nicole petallides. you are watching "fbn:am." breaking news this morning. a family spokesman says the chattanooga shooting suspect suffered around depression about drug and alcohol abuse. he also lost a job over a failed drug test. a spokesman says relatives of mohammed yousef abdulazeez believed the personal struggles are at the heart of last week shooting that killed five u.s. service members. four marines were killed at the day of shooting and a sailor wounded in the attack died on saturday. the united nations set to

endorse the historic nuclear deal between iran and six world powers. the u.n. security council to adopt a series of measures to end sanctions against tehran. the vote is scheduled for this morning. in the meantime the state department has amended the agreement to congress which kicks off the 60 day review period today. great banks are open for business today after a three-week shutdown to prevent their collapse. restrictions on cash withdrawals remain in place. bank customers will not be able to cash checks, only deposit them into their account. they are seeking a third a lot in exchange for tougher security measures from international creditors. o-oscar you caught up in global markets. in asia's stock starting this week mostly lower although shanghai managed to gain for a third straight day. japan's nikkei closed for the holiday. in europe you can look at the games you see across the board. the dax in germany up almost 1%. you see them move up in the cac and france as well.

in the usc that essentially stock teachers study but we have games to rip port but the nasdaq starting tuesday a record high. big wall street bank reports its quarterly earnings. nicole has a preview with ibm's earnings after the bell as well. nicole: companies bring in better profits than it. financial stocks. here we go. let's look at financial name. that is morgan stanley. higher results year after year. the second-quarter profit of 74 cents per share. revenue $9.1 billion in investors want to see if morgan stanley can report double-digit return on equity as it did in the first quarter. the bank to share insights on how plans to adopt the new capital was finalized by the federal reserve. also, investors look for good news from ibm to keep the stock resume probably right. big blue to report a

second-quarter profit of $3.70 per share year-over-year. revenue falling to $20.9 billion. analysts say ibm remains of a transition period as the software business grows in importance during a time for many companies in information technology. also watch for paypal. the nasdaq spun off from ebay. the value will be roughly $47 billion looking around 3863 and so far we see that there is demand for the sox. google watch for that as well. trained to thank you, nicole. a brand-new online shopping site will open tomorrow. investors are buzzing. lauren has the latest on jet.com. lauren: jet.com is launching tomorrow. no revenue and likely no profit for years to come. the potential valuation that lodged $3 billion. the model is amazon. founder and ceo marc fleury

historic at amazon promises cheaper prices than any product amazon sells. that means taking losses to fulfill the promise. if anatomy customer wants is not in its inventory or at partners in the tory, chappell go to veto this website and via ship the item directly to the customer at no additional cost to the customer. the business model will work. this is important. when just those $20 billion worth of products a year, a quarter of what amazon took 20 years to build. they do 89 billion in profits a year. if you can do that in five years, we shall see. trained to give it a shot. a lot of these names you didn't know what they were. amazon, ebay, z-zulua. dagen: but it is the people who funded the company to take the risk with this. if you put money into the later in the funding round, watch out. anyway, we will see.

we have a job to tell you about. reuters has reported lockheed martin is biting a helicopter from united technologies for a billion dollars at the deal expected to be announced this morning as to block its weapons manufacturing bring in the maker the black hawk helicopter under the same roof under the fighter jet. big job cuts come in at barclays. the bank plans to eliminate 30,000 jobs within two years after firing anthony jenkins last month. productions of bring the workforce below 100,000 by 2017. the cuts expected to affect the middle and back-office operations. donald trump not bashing from his criticism of senator john mccain. while appearing on abc this week, trump showed no sign of backing down from his comment at the family leadership summit on iowa on saturday. mccain spent five years as a prisoner aboard in vietnam was not a war hero.

>> do you go john mccain an apology? >> no, not at all. i will do far more for veterans and john mccain has done for many, many years with all talk, no action. he is on television all the time talking, talking. nothing gets done. dagen: traub wrote an op-ed criticizing the media for what he says was dishonest reporting of his criticism about senator mccain. the video without, donald trump. everybody saw it on twitter just fyi. democratic presidential candidate martin o'malley was confronted by protesters against police brutality at an event in arizona. the crowd distracted the event while jumping on invited on the stage chanting black lives matter. o'malley later apologizing for saying all lives matter while responding to the protests. >> towards the end, in your

explanation he said the phrase all lives matter. he said that phrase quite lives matter. but i wanted to ask you, do you understand the difference? >> whatever he said was black lives matter. i meant no disrespect. that was a mistake on my part and i did not need to be insensitive in any way. dagen: here's a look at the headlines in today's edition of "the wall street journal." clinton did was revamp of capital gains tax rates. hillary clinton will propose an overhaul of capital gains taxes that would have some short-term investors at higher rates but would put company emphasis on long-term growth. ap files for chapter 11 bankruptcy protection. this is the second time in five years the grocery chain has sought protection from creditors amid stiff competition. a proposal to expand eligibility for overtime pay is designed to boost white some economists

along with businesses that will likely add to the number of low paid workers. some good news to tell you about this morning. former president george h.w. bush has been released from hospital and make after being treated for a broken bone in his neck that doctors say the 41st president did not suffer nerve damage when he fell at his summer home last week. they say they expect bush will recover fully in three to four months. get well soon. the u.s. and cuba open and operate capitals for the first time in 50 years. the terms of the agreement resolving full diplomatic relations into effect. they will be marked later today with cuban officials reopen their embassy in washington. secretary of state john kerry will hold a news conference of his cuban counterpart. demi moore is an absolute shock after a 21-year-old man was found dead in her backyard

swimming pool in los angeles. the 52-year-old actress said in a statement that she is out you owned your car for four years.

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dagen: addenda caught up in global markets in asia appears to be mostly lower but the shanghai vanish again. the nikkei closed for holiday. in europe, stocks up across the board. take a look there. the biggest gains so far this morning has been in france and that is still the case on this 1%. u.s. stock market futures showing green as well.

26 by dan on the dow futures, nasdaq for another all-time high. if it was a gold overnight. you see the drop bear down more than 1.5% below $1114 an ounce. the shark attack in south africa as a surfing competition that took a dangerous term sunday. you can see it there. the three-time world champion said that he had the shark or had to punch the shark in the back to scare it away. thankfully fan and left unscathed after being quickly rescued by safety bows. they did stop the competition, by the way. turning to sports, the final round of the british open will conclude today due to weather delays over the weekend. what about the disastrous start on saturday morning. jordan spieth's march towards history begins. the champion one stroke behind the three players ties to the lead heading into today's final

round. spieth shot a six under 66 among the leaders at the irish amateur paul dunn. first time an amateur has been tied in 88 years. dustin johnson who is the midway is the midway theater went from one-shot lead to five strokes back after shooting a three over 75. a base for the mets outlasted hurdles three to one with 18 innings. a try baking sacrificed before curtis brander senn scored. the myth of 25 men on base and still pulled out. dodgers pitcher cory does scoreless innings record made it 43 and two thirds innings yesterday keeping the national scoreless over eight innings and decided that they would. before you head out the door, let's get a locator monday forecast of fox meteorologist maria molina.

could you, maria. reporter: good morning. today we are tracking the potential for flash flooding out of parts of california, nevada to track conditions. we welcome the moisture but unfortunate little too much in a short amount of time. further research press of kansas or portions of kentucky we do have the possibility not only for flash flooding with watches in effect but also severe storms. to keep track in large hail, damaging winds and tornadoes possible with thunderstorms. the other b when account lead craig wilson books at laquinta.com. settle in and practice his big pitch.

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dagen: markets around the world are shipping out pretty nicely. take a look at european markets with a 1% gain in france in 1% gain in germany and the united states. green across your screen. the nasdaq aiming for a new record high again today end quote taking a tumble hitting a five-year low. who is covering all of this? sandra smithers and for maria bartiromo this morning. sandra: good morning. i am sandra smith and maria bartiromo asif. monday, july 20th in with me this hour, market or take and kevin kelley of recon capital partners. your top stories at 6:00 a.m. on the east coast. gold, look at this. a mini splash crash. the precious metal to a nosedive last night after 9:00 p.m. eastern. before putting 2% loss for $50 an ounce. a turnaround in asian trade writing back above $1100 an

ounce. much more on the job coming up currently up 1.6%. futures this morning showing u.s. stock markets headed higher pointing to a higher open on wall street. japan's markets were closed. china markets managed to still post and gained. in europe, markets also trending higher. democratic residential candidate martin o'malley back on his heels for the former maryland governor was asked to address the topic of police brutality protesters started shouting black as matter. o'malley responded by saying all lives matter. critics said he was minimizing the importance of linux killed by police. o'malley later apologized for the comment. >> towards the end of their explanation can you said the phrase all lives matter. you said the phrase white lives matter. i want to ask you, do you understand the difference? >> when he first said his black

lives matter. i meant no disrespect. that was a mistake on my part. i did not need to be insensitive in any way. >> republican presidential