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tv   FBN AM  FOX Business  August 10, 2015 5:00am-6:01am EDT

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captioning performed by mediacaptioning.com dagen: new violence in ferguson, missouri. a man who opened fire on officers is in critical but stable condition after being struck when officers returned fire. we will have the latest on that developing story. warren buffett goes after is his biggest takeover target ever. we will tell you about the $30 billion deal berkshire hathaway has in the works. big week for an is. ali baba and some major u.s.
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retailers like j.c. penney said report their latest profits. we will tell you what to expect. in an effort to give younger voters on board hillary clinton gets ready to propose a huge, $350 billion tuition plan. in china stock soaring 5% after the government pushes joy in shifting mergers. we have the details. checking on u.s. stock market futures ahead of "the opening bell" you have gains across the board after a loser friday and losing week but no losers here. i am dagen mcdowell in for sandra smith joined by lauren simonetti and nicole petallides. welcome to your first look at what is moving in today's market, the latest breaking news and what to expect for your day ahead. breaking this morning violence in fergus in missouri.
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gunfire disrupting a demonstration, gunshots heard in an interview with ferguson's police chief. >> as patient as possible. people hiding behind cars and taking cover in buildings. shooting suspect was shot by officers. >> engage the officers at the time. there four officers in that band, all four fired at the suspect. the suspect is not local hospital in critical, and stable condition in surgery. dagen: brown who was black and the alarm was fatally shot by a white police officer darren wilson one year ago. a grand jury and justice department declined to prosecute. in business news warren buffett about to make the biggest deal
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of his career. >> we are watching this today, warned of the hapsburg hathaway is close to buying precision parts which makes mostly airplane parts, close to $30 billion according to the wall street journal and that would be the biggest deal in berkshire's history and in warren buffett's career. he is almost 85. be edition would extent warren buffett's pushed to the industrial sector and eat up half of his cash pile which stands at close to $67 billion and highlights the company's focus on acquisitions rather than stock investing as the way to drive a profit. berkshire reported second quarter earnings fell by 37% reflecting a significant decline in investment gains and underwriting loss from insurance. shares closing friday $215,460 each, up loss of $187, they are a 5% this year and precision casper closing up slightly higher friday but that should be
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a stock to watch today. dagen: you can get berkshire. it is growth through acquisitions. insurance became railroads, utilities, and looking at -- he is an investor first and foremost. dagen: investors will look over more earnings this week including fresh numbers on the health of the retail industry. >> certainly the focus. earnings season is mostly over but we will hear familiar names like shake shack after the closing bell and results from big retailers like ali baba and macy's out wednesday. cold and nordstrom, j.c. penney releasing its numbers friday. a report on second quarter productivity, retail sales out thursday. consumer spending accounts for
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it two thirds of the economy and get weekly jobless claims, trading week with producer price index, industrial production and consumer sentiment, watching for all of these earnings and economic numbers on the heels of the monthly jobs report friday but there are some concerns about a jobs report in itself. dagen: in showed up on the markets, the federal reserve moving ahead with an interest rate hike, 46 points of the dow last week, thank you so much. let's get you caught up speaking of global markets, asian markets closed mixed, you can see 5% gain on china's shanghai. analysts expect consolidation among state-owned companies. over to europe next markets only loser is your british market, the ftse 100 index is lower at the moment in u.s. stock market futures -- look like gains.
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there was a 16 point loss on the dow last week and that 46 point loss friday after the jobs report. hillary clinton set to unveil a $350 billion plan to make college more affordable. the clinton campaign says she will propose-steps to reduce the cost of four year public-school comically year -- two your community college tuition free, president obama's idea and the student loan interest rates. she will make the speech in new hampshire today. meanwhile republican presidential candidate carly fiorina strongly criticizing clinton's campaign promises. >> every single one of the policies she is currently pursuing making them in the quality worse. exhibit a, income inequality under the obama administration, exhibit b, every liberal state in the nation. is a the was ruled by liberals, 130 billion years, the highest poverty rates in the nation.
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the exodus of the middle class, the destruction of industry after industry. dagen: carly fiorina claims hillary clinton lacks a track record of accomplishment and leadership. two assailants opening fire at the u.s. consulate building in istanbul touching off a gunfight with police before fleeing the scene. reports that one of the attackers injured in the crossfire captured inside a building, in a police station, injured ten people in the turkish capital. a monster typhoon slamming southeast china killing 14 people, hundreds of thousands of residents have been evacuated. the store making landfall, heavy rain and strong wind causing severe flooding and landslides. before hitting china rich through taiwan leaving six people dead and four missing. more than one hundred people were injured. families of passengers killed in the german wings crash plan to
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sue the airline's parent company in the u.s.. a german newspaper says the news comes after the family's rejected a compensation as inadequate. german law, all 150 people on board the plane died including three americans when the co-pilot deliberately flew the plane into the french alps earlier this year. a look at the weekend box office. >> if you want to stop him. everything you have. dagen: a fantastic four not so much over the weekend. and in sports, football is back. the preseason underway and we have highlights. checking u.s. stock-index futures you have gains across the board. you are watching your first look at morning markets and breaking news.
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dagen: let's get you call on global markets and the decision market closing mixed, of 5% gain in july on the shanghai was something to talk about. analysts expect consolidation among state-owned companies. over to your mix markets, the ftse 100 in england is the only one of the major three that is lower and u.s. stock market futures looking like up across the board, 30 point gain on the dollar after a 46 loss on the jobs report. will lower at the moment but holding below $44 a barrel, gold moving up half a block an ounce and a ten year yield, we care
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about this. 2.19%, still extremely low end means you can get a very cheap mortgage rate and moving on to remember frank gifford, he is remembered for his talent on the football field and in the broadcast booth. the nfl hall of famer died at his home in connecticut of natural causes. gifford was a 1951 all-american at usc and top brass pick of the new york giants one year later. he held the giants win the title in 1956, he top of us on monday night, frank gifford, dead at 84. turning to more sports, football is back and so is viking's's adrian peterson who suited up for the first time since the season opener only to watch from the sidelines. viking's kicking off the
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preseason with a 14-3 win over the steelers in hall of fame game. he ran for a touchdown from the one yard line to end the scoring. sunday night baseball the pirates rallied nine runs in the seventh inning to beat the dodgers 13-6. the come back with a three run homer, andrew metuchen drove in four runs on the night. the blue jays trailing the yankees by 4-half net gains and they are a game and that half behind, toronto completing the three games which with the 2 date in 0 win coming from long home runs, first time the yankees were shouting consecutive gains in 16 years. fantastic four not fantastic for 20th century fox this weekend. >> lucky charm? >> the best shape for donuts?
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oh yes. >> the marvel super hero found failing to deliver opening still in estimated $26.2 million at the u.s. box office, dramatically below the projected $40 million making it one of the worst openings ever for the marvel brand and taking top spot instead was the action spy thriller mission impossible:rogan nation, number 1 for the second week in a roping in an estimated $24 million coming in at number 3 the gift. the previews look supercreepy. oversperforming the family comedy variation holding up a better than expected at $9.2 million and the other marvel film and men rounded up the top five with $7.8 million. burke joy at the acl warren buffett goes after his biggest takeover target ever, we will tell you what it means for warren buffett's insurance company and the company at large and on the campaign trail.
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>> every single one of the policies she is currently pursuing make income inequality worse. dagen: gop presidential candidate carly fiorina taking time at hillary clinton. hillary clinton is expected to announce a new giveaway plan for college students. we will tell you about the next free lunch and how much it will cost you the american taxpayer. checking stock market futures the across-the-board 29 point at ons to the dow industrials to start a new week. you are watching "fbn a.m.," your first look at morning markets and breaking news.
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dagen: new violence in ferguson, missouri. dagen: a man opened fire on officers is in critical unstable condition after being stopped when officers returned fire. the latest on that story. warren buffett does after his biggest takeover target never. we check the $30 billion deal berkshire hathaway has in the works. big week for earnings, ali baba and some major u.s. retailers like j.c. penney said report their latest profits. we will tell you what to expect. in an effort to get younger voters hillary clinton is ready to propose a huge $350 billion tuition plan. in china stocks 45% after the government pushes shipping mergers with out the details of there and here at home. stock margin futures are up ahead of the uno, the dow, as in
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the and nasdaq moving on. dagen mcdowell and for sandra smith, joined by lauren simonetti and nicole petallides, welcome, your first look at what is moving in today's market. the latest breaking news and what to expect your day ahead, breaking this morning violence in ferguson, missouri. gunfire disrupting a demonstration as hundreds gather to mark the 1-year anniversary of the death of michael brown. gunshot her in the middle of an interview with the ferguson police chief. >> as patient as possible. dagen: in critical condition. after being shot by officers.
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>> this individual is not identified yet, we know exactly where he is. we are working on that. it is available, 20 years old. we are going to get that out. dagen: michael brown who is black and unarmed was fatally shot by white police officer darren wilson. a grand jury and the justice department declined to prosecute wilson. in business news warren buffett about to make the biggest deal of his career, lauren simonetti has all the details. >> he turns 85 at the end of the month, it has been a long career, warren buffett, berkshire hathaway closed to buying a company called precision parts, they make was the airplane parts, pricetag close to $30 billion. that would be the biggest deal in berkshire's history and warren buffett's career. the addition of precision cast parts would extend warren buffett's pushing to the industrial sector and eat up
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almost half of its cash at hand. that now stands at $67 billion. it highlights the company's focus on acquisitions as a way to drive up profits. berkshire reported second quarter earnings that fell 37%, that had company's more expensive shares, closed friday at $215,462 each. they are down 5% this year. shares of precision cast parts closing slightly higher on friday but they are down about 20% this year so we will watch for that. dagen: about $35 this morning. just now just this moment. dagen: thank you to both of you. you have a look ahead at earnings this week, fresh numbers on beheld of the retail industry and more economic reports. >> americans want to know about the economy and see how you're doing with retail sales, joy and was not good news of earnings
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season is mostly over but we will hear familiar names. shake shack after the closing bell, we will get reports from the biggest retailers including ali baba, macy's is out wednesday, coles and torture report a day later, j.c. penney on friday so all of those come in and certainly will be key. as for economic news or reports on second quarter productivity tomorrow, retail sales out thursday and keep in mind consumer spending does account for two thirds of the economy. the weekly jobless claims and the trading week wraps up with the producer price index, industrial production and consumer sentiment. they talked about back-to-school season and they are going to be the worst back-to-school season since 2009 because real incomes are flat if not negative for 80% of american households. how can they had those department stores if they just don't have the cash to do so. >> expected to spend $7 billion
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less than last year. check gas prices, $2.59, down 20 days in a row. that is not helping anybody. dagen: you will see some $2 a gallon gas in a lot of states. >> add something ben willis on the floor of the stock exchange said pertaining to gas prices, lower gas going back to the economy but inflation is not being accounted for, rand has been on theent has been on the rise and health care costs. dagen: and college tuition. let's get you caught on global markets, stocks are mixed, they have turned lower, losses across the board in england, france and germany. they were mixed 20 minutes ago, stock futures are hanging on to gains at the moment. the biggest gainer in percentage terms will be the nasdaq 100. asian markets started the week
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mixed with stocks in shanghai soaring. for details we go to tracy chang live in beijing. tracy is a reporter for chinese state television. >> good morning. asian markets are showing a mixed picture. the composite soared 5% despite some weak trade numbers. shipping story, that story has been denied by people in charge of our. investors expect the government to implement more easing given the lackluster indicators. in hong kong markets lifted by strong performance in england. hang seng down 1%. japanese shares reversed earlier losses to finish higher by 0.4% despite a stronger yen hurting exporters. and japanese companies, the kospi down 0.4%, a four months
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low drag down. >> tracy chained in beijing. fantastic four was a phenomenal flop. >> lucky charm. dagen: marvel super the rogue film failing to deliver opening with an estimated $26.2 million at the box office. looks good, that was below the projected $40 million making one of the worst openings ever for the marvel brand. taking the top spot instead in its second week at number 1 the action thriller mission impossible rogue nation, number one for the second week pulling in an estimated $29.4 million. the gift overperforming with $12 million call, the family comedy vacation holding up better than expected,
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$9 million, the other marvel film ant man topping out the top five with estimated $7.8 million. reviews for the fantastic four were not great by the way. >> one of the worst in marvel history. dagen: this is good news. coming up verizon nixes those two year cellphone contracts but that new phone is going to cost more. we will tell you why. why this week may be the best time to book your plane reservation. we have that story and u.s. stock-index futures. we have gained across the board, see if we can hang on to them as the morning moves on. you are watching "fbn a.m.," your first look at morning markets and breaking news.
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dagen: asian markets closed mixed to start the week, china shanghai up almost 5%. analysts expect consolidation among state-owned companies. you have a slight gain on the dax in germany but losses in england and france at the moment a u.s. stock market futures showing makings of the slight rebound. the dow lost 46 points friday. there is a losing week of free 16 points for the blue chips. big changes for verizon customers. loren is following that story.
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>> annual contracts switching over to month-to-month plans starts thursday so if you are a current rising customer you can keep your plan or you can switch to one of the new options that gets you a certain amount of data for a certain monthly fee. dishing annual contracts means you have to pay for your phone in full so that $200 iphone 6 goes all the way up to $650. what are the potential repercussions of this? customers may start opting for cheaper phones in general and they might keep switching carriers shopping around for the best deal. finally i have a reminder for everybody out there if you are looking to go somewhere over the winter holiday, this week the best time to buy a white for the winter holidays if you are booking of for christmas you can save 20% and can save 15% if you are booking for new year's eve according to sky scanner.
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>> the thing about verizon is month-to-month sounds great. for all the people who want to upgrade to those phones better $650, $750, my dad was talking about this, these are expensive phones. i am not sure americans are willing to shell out that kind of big joy when they are trying to upgrade. >> you can do it in a payment plan but is expensive. don't drop it either. dagen: i dropped my in but it is inexpensive to fix the glass, they give you, apple gives you a cut rate and fixing glass but almost any cracked screen i am saying. basically need to wear a sign that says i am a loser, while july know this? coming up, burke hathaway ceo warren buffett goes after the biggest takeover target ever. we will tell you what it means for warren buffett's company and
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on the campaign trail -- >> every single one of the policies she is currently pursuing making committee quality worse. dagen: gop presidential candidate carly fiorina taking time at hillary clinton. meantime mrs. clinton is expected to announce a new giveaway plan for college students. we will tell you about the next free lunch you might be paying for. taking stock-index futures we have the across-the-board, you are watching "fbn a.m.," your first look at morning markets and breaking news.
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dagen: new violence in ferguson, missouri. dagen: i-man who opened fire on
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officers is in critical and unstable condition after being struck when officers returned fire. we have the latest on that story. in business warren buffett does after his biggest takeover target ever. we will tell you about a $30 billion deal burke hathaway has in the works. a big week for earnings, ali baba plus major e.u. as retailers like j.c. penney said to report their latest profits. we will tell you what to watch for. hillary clinton get ready to propose a tuition plan. we have details and shipping mergers, predicting u.s. stock futures ahead of "the opening bell," gains across the board holding steady. good morning, i am dagen mcdowell in for sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn a.m.," your first look at what he's moving in today's market, the latest
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breaking news and what to get ahead for the day ahead. violence in ferguson, missouri. gunfire disrupting and demonstration as hundreds gather to mark cohen 1 year anniversary of the death of michael brown. gunshot heard in the middle of an interview with the police chief of ferguson. >> as patient as possible. >> get down. dagen: people hiding bond cars taking cover in buildings. police shape a shooting suspect was shot by officers. >> the engage the officers at the time, four officers were in that van, all four fired. the suspect all there. suspect is in a local hospital in critical unstable condition in surgery. dagen: year-ago michael brown
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who was black and unarmed was fatally shot by white police officer darren wilson. the grand jury and the justice department declined to prosecute wilson. in business warren buffett about to make the biggest deal of his career. loren has the latest on that. >> warren buffett berkshire hathaway closed to buying precision cast parts, the company that makes airplane parts. the reported price tag close to $30 billion, that comes from the wall street journal. that would be the biggest deal in berkshire's history and warren buffett's long career. the precision parts would extend the push into the industrial sector and actually eat a lot of berkshire's cash. they have a cash pile near $67 billion. it highlights the company's focus on acquisitions as a way to drive up profits. berkshire reported second quarter earnings fell 37% and berkshire shares, the more expensive ones closed friday at
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$215,462 but they are down this year by 5%. as for precision cast parts those shares closing higher friday but they are down more dramatically this year 20%. dagen: berkshire $143. if you can't afford those shares, you could do it that way. or just watch, just watch from the sidelines. investors will look at more earnings this week including fresh numbers on the health of the retail industry. nicole petallides has a preview in economic and earnings. nicole: earnings season mostly over but we will hear from familiar names, shake shack after the closing bell up 200% for the ipo in late january. of the highs recently people lining up at the stores to get those burgers and we will get results from retailers ali baba, macy's wednesday, coles,
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nordstrom and they later, j.c. penney reported numbers on friday, that is very key, could be market-moving and as for economic news reports on second quarter productivity tomorrow, retail sales out there is a. don't forget what we saw in june, to the downside. consumer spending accounts for two thirds of the economy so we will factor that in and weekly jobless claims. producer price index, industrial production, consumer sentiment, we will see how you are feeling, the back-to-school season is going to be tough, we look at real wages which are stagnant. we are looking at the fed to see what the fed will do if they will take the jobs report friday and run with and to lift off for say not quite ready yet. all those people part-time and not full time. >> the ipad mom and dad bought joy in your last year worked for in this year's so lower spending and electronics, there are not
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cool gadgets anymore and that is saving parents money. dagen: tablets have fallen out of favor because people using larger phones particularly the iphone 6 reducing demand for a tablet. is sitting there alone and a angry. i like how we project emotions on to our electronics. let's get you caught on global markets. there's a reason to smile with you but it shanghai, surged 5% on monday thanks to their expected be consolidation among state-owned companies. in europe some mixed markets and now you have friends back in positive territory with germany. the ftse 100 in england still lower, futures 34 point gain on the dow futures. we should point out one of the things that pulled the markets down so much last week was the major drop in oil prices and energy stocks. oil settling at the lowest level
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below $44. both levels since march 19th down 7% almost, crude futures and energy stocks were the biggest drag on the market. hillary clinton set to unveil a $350 billion plan to make college more affordable. the clinton campaign says she will propose steps to reduce the cost of four year public schools, make two year community college tuition free and cut student loan interest rates. she will make a speech in new hampshire today. republican presidential candidate carly fiorina criticizing clinton's campaign promises. >> every single one of the policies she is currently pursuing making committee quality worse. exhibit a, income inequality under the obama administration. exhibit b, every liberal state in this nation. i spent 12 years in california, a state that has been ruled bibles for a long time a you have 130 billionaires, highest
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property rates in the nation, the exit is of the middle class, destruction of industry after industry. dagen: carly fiorina claiming clinton lacks the track record of accomplishment and leadership. a deadly bombing attack on an international airport in afghanistan. police a car bomb exploded at the front gate of cobbles international airport telling four people and wounding more than a dozen others. the afghan capital has been hit by a series of attacks in recent days. the latest violence comes after the afghan government says the taliban's longtime leader had been dead for more than two years. two assailants opening fire at the u.s. consulate building in istanbul, turkey touch of a gunfight with police before fleeing the scene. reports say one of the attackers was injured in the crossfire and was captured inside a building where she hid. hours earlier and overnight bomb attack at a police station injured ten people in the
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turkish capital. in monster typhoon slamming southeast china killing 14 people. hundreds of thousands of residents have been evacuated. the storm made landfall saturday, causing severe flooding and landslides. before hitting china the typhoon ripped through taiwan's leading six people dead and four missing. more than 100 people were injured. coming get a look at your weekend box office. >> going to take everything you have. dagen: a fantastic four falling flat on their face. we will tell you who took the top spot over the weekend and in sports and irishman captures the bridgestone invitational golf title while jordan spieth fails to grab the number one ranking. checking stock-index futures gains to report, we like it, you are watching "fbn a.m.," your first look at morning markets and breaking news.
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dagen: let's get you caught on global markets, stocks mixed, china shanghai up 5%, some expectation that state-owned companies will consolidate. in europe mixed markets with the loser there being the ftse 100 england and u.s. stock market futures trying to head higher after a losing week last week. checking some key commodities this morning look at oil and gold, oil closed at the lowest level below $44 a barrel friday and energy stocks also pulling
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down the stock market. frank gifford being remembered for his talent on the football field and in the broadcast booth. the nfl hall of famer died yesterday at his home in connecticut of natural causes. gifford was a 1951 all-american at usc and top draft pick of the new york giants one year later. he helped the giants win an nfl title in 1956 and then spent many years as a pro football broadcaster along with howard cosell and don meredith, and remember him forever on monday night football. he taught all of us about the game so eloquently. he was married to can be lee gifford. frank gifford dead at 84. turning to sports, in gulf's shane lowry on the way to the winning the bridgestone invitational with the final score of 11 under par beating bubba watson by two strokes, jordan spieth failed in his attempt to capture the no. one
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ranking finishing tied for 10 joy. in baseball the mets lost a 3-run lead for the second straight day as the tampa bay rays beat the 4-3. new york follow the seven began winning streak. the mets have again and have lead in the national league east. in stock car racing the second straight week someone in the league ran out of gas on the last lap, kevin harvick watched joey flyby on the way to taking the checkered flag on a road course, only one of two road courses in the nascar series. pretty decent race, beautiful weather, fan favorite track in the entire home of nascar. check it out. upstate new york. fantastic four was a flop for 20th century fox this weekend. >> lucky charm. you are in the best shape to be doing this?
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>> oh yes. dagen: a marvel super hero film failing to deliver. it opened with $26.2 million at the u.s. box office. that was well below the projected $40 million. that is one of the worst openings ever for the marvel brand. taking the top spot in said was mission impossible:rogue nation for the second week in a roping in $29.4 million. numbers 3 the thriller the gift overperforming with a $12 million hall, vacation, supposed to be a comedy holding a better than expected at $9.1 million and and man rounded up the top 5 with an estimated $7.8 million. we have a rundown of your global market action before we hand it over and to "mornings with maria". stay with us, everybody. ♪
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katie mack a final look at gold markets asian markets closing mixed, you can see the 5% gain on the shanghai, hopes there will be some state-owned company consolidation. in europe you have mixed markets with almost 1% loss on the 100 england. in the united states trying to bounce back from a lousy week last week, a genes across the board, blame in part oil prices, a plunge in crude, pull down energy stocks, worst performing groups of stocks in the u.s. stock market and you have losses again this morning, you watch gold and check your current euro down against the dollar 109.41. time for a trip to europe. the ten year treasury 2.19%. time to buy a house as well and right now it is "mornings with maria" in with sandra smith in for maria. sandra: great shows this morning. i am sandra smith. maria bartiroma has the morning
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off. it is monday august 10th and with me this hour, morgan ortega ats, chief economist anthony chan, elizabeth macdonald and robert bassinatburg of society general. breaking news out of ferguson, missouri gunfire disrupting a demonstration as hundreds gather to mark the death of michael brown one year ago. people hiding behind cars and taking covering buildings. shooting suspect is in critical condition after being shot by officers. two assailants opened fire or at the u.s. consulate building in istanbul. reports and one of the attackers was injured in cross fire with police and was captured inside a building where she hid. hundreds of thousands evacuated from southeast china in the wake of supertyphoon which made landfall saturday with heavy rain and strong wind killing 14 people. despite weak trade data showing
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exports plunged 8.3% in belie the shanghshanghai composite ra. $32 billion into mutual funds according to the china securities journal. futures markets this morning have been higher showing green arrows pointing to a higher open. a few hours from now dow futures up 26 points. in europe mix action as the ftse trade higher in london, the cac and the dax higher, warren buffett about to make the biggest deal of his career. burke hathaway close to buy and precision casper which makes mostly airplane parts for $30 billion according to the wall street journal. the journal says the deal highlights the company's focus on acquisitions as a way to drive profits higher. verizon tapping into customer acre over yearly contracts

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