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tv   FBN AM  FOX Business  August 11, 2015 5:00am-6:01am EDT

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tree into -- sandra: breaking news this morning in ferguson, missouri declaring a state of emergency. police in right gear clash with protesters. we will have a live report from the ground in ferguson. a germanic move in china. the company devalues its currency in the hope of boosting the economy. shares of google set to open sharply higher after splitting its experimental money moving businesses like it of driving cars from its moneymaking search business. after a monster rally on wall street yesterday, u.s. stock futures hold back a little bit with dow futures off near 80 points. i'm sandra smith joined by
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lauren simonetti in nicole petallides. welcome to "fbn:am" come your first look at today's markets, latest breaking news and what to expect that they had. breaking this morning. police making several arrests in ferguson, missouri after hundreds of protesters regrouped. some demonstrators blocking a traffic lane and throwing water bottles at officers. the foresight of protest marking the anniversary of michael brown said. a grand jury in the justice department declined to prosecute a white police officer who fatally shot around. st. louis county executive has declared a state of emergency in ferguson after an 18-year-old man was shot and critically wounded by officers in an exchange of gunfire sunday night. ferguson business owner talks about the shooting. >> my reaction to this is these
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people that want to do this destruction and they want to call everybody racists are taking these nice people that are racist and linking them to the edge a little bit. you are not doing good for your own people and you've got to stop this stuff. tree into a very difficult for businesses they are. we will have a live report from ferguson a few minutes from now. china taken a surprise and very dramatic step to boost its struggling economy. the country's central bank devaluing the yuan by 2% against the u.s. dollar. the move comes after disappointing chinese trade data gas the world's second-largest economy. do you want following to three years low while the u.s. dollar rose. checking out the reaction in asian markets this morning. major averages traded to the downside. shanghai composite was flat on the session. china makes a move but what does
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it mean for the rest of the world? what does it mean for gold and precious metals, nicole. reaction everywhere. treasury markets as well. nicole: the biggest concern is the further confirmation that china's economy is having trouble. it's also a problem for partners including the united states. to put their companies at a disadvantage. the u.s. has long criticized china for keeping its currency artificially low. this could reignite the criticism in china's currency has strengthened in recent months with the u.s. dollar making exports more expensive. we saw that dropped 80% yesterday. mass because they did have deals in the shipping industry of the government owned shipping conglomerates. the big picture is about making tougher for demand for chinese customers for a company such as apple. the other thing to incorporate
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if the chinese president will meet with president obama late in september. sandra: a lot of people talking about what the move could mean for the site's next interest rate hike as well. the reaction of 2%. the change is coming up. lauren: we have called google the everything company is the main business with him and shot ideas like internet or lan syndromes. google is syndromes. google is paperwork and estimates a two-day parent company called alphabet will be led at larry page. though how subsidiaries with the earnest at company calico that focuses on asian longevity. the big one google. google will now be headed by the changes being praised on wall street sending shares up in the
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premarket. one analyst explains why. >> is one of those companies do you never know what they're making money, what is working and what is not. anytime you can make it work you can see the markets react. lauren: all of these changes go into effect next year, investors will have details about how each google unit is performing individually. as for google users today, we show you what pops up on the search site. the address of the alphabet. abc, xyz and the address from larry page. sandra: an interesting side note is the guy who had the twitter handle. google obviously would have wanted that. somebody had an interesting day when they were reached about that. google ended up going with a different twitter handle at the end of the day. they added an eye to it.
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let's been caught up in global market action in europe stocks. we are watching trading to the downside. right now losses of more than 8% in france and germany. selling going on bearing u.s. stock market futures down here as well this morning. dow futures down 83 points. s&p off time. this story this morning as well. grease and internatiinternati onal lenders reach a new bailout agreement. the deal expect to be worth worth up to $95 billion in fresh loans for debt ridden nonsense. the greek government hoping to push the agreement or parliament by thursday to pave the way for disbursements by august 20th $23.5 billion debt payment is due to the european central bank. tensions remain high in ferguson, missouri as hundreds of people hold a protest marking the anniversary of michael brown said. fox news is live in ferguson
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with the latest there. what are you doing this morning? train seven good morning, sandra. we still see police patrolling. things have died down compared to last night and throughout the course of the day yesterday. 150 people being arrested here in ferguson. authorities maintain that want to allow peaceful protesters to demonstrate that they are taking it seriously when things turn violent and shortly after 10:00 p.m. last night, or reduce a protesters started throwing rocks, bottles of frozen water and asphalt, anything they can get their hands on it pulled country and. police jumped on using mesa and other nonlethal measures to keep the peace. officially 23 people were arrested in fox news correspondent griff jenkins caught up with one protester outside were clashing with police. >> why are you out here and why are we back you with the unrest
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began a year later? >> excessive want to see change. we want to see police reform and court reform. reporter: there have been peaceful protesters if they have zero tolerance for anybody who becomes violent. earlier yesterday during rush-hour traffic, some protesters wanted parts of nearby i suddenly blocking traffic with barricades out. some drivers try to gently nudge protesters out of the way. one driver with his car kit invented. authorities made 60 arrests in that kurd. earlier that day 64 versus protester 64 addresses protesters 64 addresses protesters jumped over barricades at a local court house and were demonstrating there. the good news is they were no injuries. there were no gunshot to no good again on the heels of police being fired upon sunday night. sandra: well, thanks. we will see later for an update on the show.
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warren buffett has taken the possibility of higher interest rates in stride. berkshire hathaway on the closing bell yesterday asked if they anticipate higher rate. >> someday we will. they will probably raise them faster than i would raise them. what we hear from a good many governors or at least what i've read sounds like they will raise them. i have no notion on that. i've never talked to chant yelling in my life. sandra: buffett also praising brookshire building $32 billion cash to be the latest deal and warren buffets very long career. federal prosecutors plan to announce charges against a group of people allegedly part of an insider trading ring based on cyberhacking. investigators say had was from ukraine store press releases about mergers and acquisitions before they were made public
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then passed the information to a group of traders mostly based in the u.s. the group is accused of making $30 million by trading in hundreds of companies. gap is one of the stocks we're watching the trading session after the company issued an earnings warning for the second quarter results were dragged down by west coast delays, currency fluctuations and moves to close the gap stores. the company is due to report its results late next week. cap operates old navy, country began republican in addition to its namesake stores. of some familiar names released quarterly results after the closing bell, kraft times reporting lower than expected sales in its first earnings report from the combined companies pay shares sliding 2% in premarket trading session. due to weak demand for beverage as a result of fewer promotions compared to the year-earlier period. with the strong dollar hurt
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sales. take to suffer is adjusted profit missed the estimate for the first time in more than two years as expenses went way up for the company. they saw expenses rise 30%. the stock down more than 4% in extended trading. take two video games like grand theft auto. the shake shack with a clear winner after nearly 8%. the burger chain earnings came in better than that. revenue jumped 75% year-over-year. the company went public in january. shares more than doubled in their stock market debut. coming up in an effort to jumpstart economy, china devalue the currency in a surprise move. look at how that plays out in markets this morning. in sports, look who's back. >> we've only missed three tournaments, but it is been eight or nine weeks since i
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played in the u.s. open. at least u.s. open. at least i'll be fresh than some of the guys at the embassy. sandra: rory mcelroy is ready for the pga championship after sitting out at the ankle injury. he got hurt playing soccer with his buddies. you will hear what else he has to say. checking in on u.s. stock market futures is funny. the dow down 75 points, weakness across the board. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ two boyfriends. three jobs. you're like "nothing can replace brad!" then liberty mutual calls. and you break into your happy dance. if you sign up for better car replacement, we'll pay for a car that's a model year newer
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sandra: welcome back on this tuesday morning. the escape route for global market action. a busy news day indeed. asian markets with the costs be with the cost they got eight tenths of 1% get past the
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biggest loser to the downside there. china's central bank devalue the yuan by 7% against the u.s. dollar. major asian indexes did fall with the shanghai composite about flat on the session but did call. a surprise move fair. in europe some significant moves to the downside in germany and france with losses of 1% feel in the selloff here at home. u.s. to record features looking like we see a lower open on wall street today with dow futures at 76 points. checking in on key commodities after china's move, the u.s. dollar sees strengths. you would think gold prices with you moving to the downside. the opposite reaction of gold as a tux, crude oil moving lower and a look at currency markets right now. or is the long currency higher in as the u.s. dollar sees weakness against the greenback
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and looking at the yield at 2.18%. turning to sports this morning. mets rally three runs for a come-from-behind 422 when. curtis granderson hit by a pitch with the bases loaded tying the game. daniel murphy drove a pair for the winning margin. but that's a state again in a ahead of the nationals who also won last night. golf's number one player will be back in action. roy mcelroy will be in the field for the pga championship. he injured his ankle playing soccer but says he is now 100%. >> the one thing for me was chipping and putting. everything feels pretty good. sandra: we will see how it plays. the world of auto racing is mourning the loss of nascar
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racer bobby baker with a bruised daughter with lung cancer. he is the nascar hall of fame nominees and has named one of the spores 50 greatest drivers. buddy baker was 74. coming up, a state of emergency and ferguson, missouri. the latest on the tense situation out there. a state of emergency has been declared. shares of google to open higher after the company separates its moonshot projects like building robust and self driving cars from its moneymaking business. we'll have the latest on that. u.s. stock as features, dow futures up 76 points. you are watching "fbn:am" coming your first look at morning markets and breaking news. ♪
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sandra: breaking news and ferguson, missouri. after declaring a state of emergency, police in riot gear clash with protesters last night. we will have a live report from the ground and ferguson moments from now. a germanic root in china. the company devaluing currency in the hope of boosting its weakening economy. we will tell you what it means and the reaction market this morning. shares of google set to open higher after splitting its experiment of money-losing businesses like self driving cars from its moneymaking business. after a monster rally on wall street from the u.s. stock market futures pulling back with dow futures off 83 points. and sandra smith joined by
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lauren simonetti and nicole petallides. welcome to "fbn:am" from your first look at today's markets, the latest breaking news and what to expect that there had geared breaking news this morning. making several arrests and ferguson, missouri after protesters record. demonstrators blocking a traffic lane and throwing water bottles at officers. the fourth night of protests marking the anniversary of michael branstad. a grand jury in the justice department declined to prosecute away police officers fatally shot around. meanwhile come the st. louis county executive has declared a state of emergency and ferguson after an 8-year-old man was shot and critically wounded by officers in an exchange of gunfire sunday night. local business owner talk about violence and ferguson. >> the amount of people and
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young people that were so involved in this stuff and not caring. the tv being stolen right from the family center here that gives away free food to poor people and they stole stuff out of there and tried to sell it on to my business. sandra: a live report from ferguson in a few minutes. china is taking a surprise and dramatic step to boost its struggling economy overnight. for details we go to business reporter tracey chang life in beijing. tracey is a reporter for chinese state television. good morning to you. reporter: good morning, sandra. the nikkei composite and the plot and investors are clearly nervous after they decided to let their ratios drop over 1000 points marking the biggest single day drop in history. it may not sound like a lot, but we are each way by 2% per day. the drop clearly affects some as
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well. the hang seng wiped out earlier gains down about one 10th of 1%. and helped the country's energy shares. losses of four tenths of 1%. the market could quickly recover that doj will do more equity by them. the cost they lost a 10th of 1% as the worries they cheaper you want will hurt exporters. sandra: tracey chang, thank you. big changes at google. lauren has said. lauren: i do. i love watching shares close to a 52 week high. we have often called google the everything company because they have their hands in everything from the moneymaker, the business that funds the crazy ideas like internet balloons and driverless cars. google is reorganizing into a parent company that they are calling alphabets that by larry
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page. you will have subsidiaries that include calico, the company that focuses on age. google ventures, the finance arm, some others as well as the big one google. google will be headed with the changes praised on wall street. you can see shares in the premarket about seven, eight, $9 away from a 52 week high and one analyst explains why that is happening. >> is one of those companies if they have their fingers in so many paths that you never know if they're really making money. anytime they can narrow the focus and make it work you can see the markets react. >> keep calling for transparency. when change. when changes go into effect next year, investors will see how achievement is performed individually. when you go to the google search site, you might see the new address. abc.xyz and a message from larry
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page. sandra: this gives investors a better glimpse into google to separate what is making money and what is not as self driving cars, classes by tester glucose levels. they have the money makers and we will still watch google as they are both an effect. >> what are you? how do you define your company these days because they do have their hands. be not google answering the question of the separation. the stock will keep trading as it is right now. the fourth-quarter report in the first quarter of next year we will see the breakout. nicole: that is what investors want. sandra: before you head out the door come a quick forecast with fox meteorologist maria multinode. reporter: good morning, sandra. today will be tracking showers and storms were casted along
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parts of the gulf coast and the east coast in a marginal risk as the storms could produce damaging winds and even an isolated threat across parts of new england. otherwise further west across parts of texas and also portions of colorado we have an isolated thread several watches in effect that they appeared across parts of the south, heat advisories in effect from texas to mrs. pete and the concern is we not only have hot temperatures but humidity in place as well. it will make you feel hot up there you feel hot up there. he you feel happier. heat index volumes up to 110 degrees in some areas they than 112 further south into the city of houston. over to you, sandra. sandra: i will enjoy a quiet laugh because it will be talking about how cold we are. coming up, by some analysts say the selloff in apple stock may have gone too far too fast. if the stocks to buy finally at
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these levels? after today's monster rally on futures pulling back this morning, looking at the dow futures up 90 points added to earlier losses. you're watching "fbn:am," your first look at morning markets and breaking news. when broker chris hill stays at laquinta he fires up the free wifi, with a network that's now up to 5 times faster than before! so he can rapidly prepare his presentation. and when he perfects his pitch, do you know what chris can do?
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sandra: tuesday morning. but a pattern of global action market this morning. a lot of news. china's central bank devaluing the yuan by 2% against the u.s. dollar. the major asian index did fall. shanghai composite was flat on the session. a lot of talk about the devaluation or the market this morning. in europe, where a book europe, we are booking a weakness across the board with the ftse had wanted up seven tenths of 1%. u.s. stop market futures taking a cue from global markets trending lower ahead of the opening bell. dow futures up 86 points. commodity prices, oil slipping even further below $45 an ounce. gold come a little bit bit of a surprise move up $8 after the move in china. currency markets and the rest of the global currency down.
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the 10 year treasury yielded 2.18%. investment firms weigh in on apple shares this morning which right now is getting a check and of course 6% over the past three months an outdoor premarket trading session. >> that's a question for apple fans out there. the investment firms saying it believes the selloff in the stock is due to investors over reaction. we are also hearing that bernstein too was looking here and would watch that. either way, the other thing we hear is a plus spendable and we talked about the new phone will be less spendable. the price markets came out yesterday may have helped the stock. the stock yesterday closed at one night team 72. a couple pennies above the territory. 142 bugs. they are spaced to grab in the high-end market. they sold more than two years
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ago and that outpaces sandstone. the replacement cycle could accelerate it still attracts first-time buyers. this is why they put the rating on the stock overall. the winner is sold off recently, but everybody is waiting on the new iphone that is less spendable and a lot of believers out there. 10% off of february slows the february 23rd. lauren: the community kate. and all the sudden the middle of the selloff they started to turn on apple. like he didn't predict the selloff. he joined in on it. >> everyone saying how can the next one while i said we are not sure. sec carrier switch from the annual contracts, it is raising questions about whether people will spend on these very expensive phones. someone on air yesterday said
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yes they will spend on the phones. they will not spin on the tablet, not on their pcs. even if apple's new phone doesn't allow us, even if it never fans, whatever. people might riot because they like phones more than other gadgets or so it seems. nicole: we talked about the value of the currency and the currency in how the plays and for the consumer demand they will see. the price target of $142 is about the all-time high. apple believers might be worth it to hang in there. coming up, shares of google, more technology news this morning set to open sharply higher after it announced plans to separate a project like self driving cars from its moneymaking search business. we will have the premarket trading for you and what you need to know. warren buffett tells fox business interest rates may go up a little faster than he'd like. we will have the story.
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after yesterday's monster rally, stock futures pulled back and look at dow futures. we are at the lowest level since the show started. you're looking at dow futures now up 100 points as we speak. you're watching "fbn:am." we will keep our eyes on the markets for you. this is your first look at morning markets and breaking news. ♪ e the world ♪
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- ♪ change the world ♪ i would be the sunlight in your universe ♪ ♪ you would think my love was really something good ♪ ♪ baby, if i could ♪ change...
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( woman speaks ) ♪ the world... a message from the foundation for a better life. sandra: breaking news this morning of ferguson, missouri. after declaring a state of emergency, police in riot gear clash with protesters. a live report from ferguson in a minute. a dramatic move in china with the country devalued and its burgeoning economy. we will tell you what it means
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for u.s. investors. shares of google to open higher after splitting an experimental money-losing businesses like self driving cars from its moneymaking search business. after a monster rally on wall street from the u.s. stock market futures point back this morning. right now the lows of the session. dow futures up 150 points. good morning, everyone. i am sandra smith joined by lauren simonetti and nicole petallides. both going to "fbn:am." we've buy your first look at what is living in today's markets, latest breaking news and what to expect today i had to tensions remain high and ferguson come in missouri is hundreds of people at a protest over network in the anniversary of michael brown said. fox news will car is on the ground with an update. reporter: it is quiet now, but yesterday almost 150 people arrested here in the streets of ferguson. we saw some tense moments last night after 10:00 p.m. protesters throwing rocks,
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frozen water bottles, even pieces of asphalt at police officers. authorities jumped on the protesters pretty quickly using mesa and other lethal measures. 23 people were arrested last night. fox news correspondent brett jenkins caught up with one of the protesters and some clashing with police. >> why are you out here and why are we back here with the rest of your later? >> because we still want to see change. we want to see police reform and court reform. reporter: leaders say they have zero tolerance for violence in the area. early yesterday protesters flood parts of i. 70. they ended up blocking traffic and putting barricades out leaving drivers hopeless. one tried to gently nudge some protesters with this car only to get a cake. authorities say yesterday
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protesters jump over barricades at a local court house making 64 rest. the good news as there were no gunshots in the wake of authorities being fired upon here sunday night. also new looting and no injuries. back to you. sandra: thank you for the update. china taking a surprise and dramatic step of the struggling economy. the central bank devaluing the yuan by 2% against the u.s. dollar. the move comes after disappointing chinese trade data after the weekend with the help of the world's second-largest economy. the yuan following a three-year lows while the u.s. dollar ros. the major asian index ended the day of the work of the shanghai composite was flat on the session. china makes this move. what does it mean for u.s. and the rest of the world? nicole is following that story for us. we did see the market selloff and asian markets. europe seen weakness in u.s.
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markets are right now reaching their lows of the session. dow up triple digits. nicole: we will talk about them as they did. the dollar denominated currency effects this to the downside and actually makes it more expensive. we may see commodity starts see commodity start to sell see commodity starts a see commodity start to sell off the map may be part of the reason we see the selloff this morning. i saw it earlier so we will see how we get further confirmation on china's economy. it's been having trouble. we saw the trade member yesterday to 8.3%. also boosting trading partners. the u.s. and how this affects the move which is 1.9% of the downside. they have the flexibility of 2% compared to the u.s. dollar reached they chose to do the 1.9%. that was the biggest move was seen in 20 years. it could be giving a disadvantage across the board. that keeps it artificially low.
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this could reignite what we see. this is what we watch over all. talking about the fact that 1.9%. this is a big movement a big move and haven't seen that in 20 years. watch the commodities i found and peered sandra: aluminum, copper, nickel, all lower. u.s. stocks of huge china exposure. the donald's, watch all those things as well. apple of course. sandra: and will affect everything with dollar denominated commodities. if you see strength in the dollar come usually selloff in the commodities. gold is the exception higher this morning. watching these lives for you. berkeley is reacting to the moving china calling this a revolutionary new towards improving the exchange rate formation mechanism. analysts blame in this morning.
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mark is taking a chance to digest the news as well. a lot of technology news moving markets this morning. big changes at google. warren, you're watching that. lauren: recall googled the everything company because they have their hands in every business. the crazy ideas like internet balloons and drugs. google is reorganized into a parent company called alphabet led by larry page and will how is the subsidiary, calico that focuses on longevity, google ventures and the big one will be headed by sundar pichai. the stock taking higher with a 52 week high right now explaining why we see this move. >> it is certainly one of those companies they have their fingers in so many paths that you don't know whether they're making money. anytime they can narrow the
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focus and make the area where, see the markets react. sandra: all these changes go into effect early next year, investors will have details about how youtube is performing, we get the individual numbers. google users, when you google something you might see this search sitea, b., c..xyz. of course a message to cofounder larry page. sandra: that seems unreal, doesn't it? lauren: when the news came out yesterday i had to read it 10 times. it seems so crazy. sandra: looking at the premarket at google right at nearly 6%. that would be a big mover for sure. if he caught up a global action market right now. midday trading in europe with a sub six down 51 points. the big selling happening in
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germany with the dax up 1.5%. weakness here at home as well and the weakness continues. dow futures building on their earlier losses now up triple digits. dow futures down 112. a look at key commodities with the relationship with the u.s. dollar come as strength in the u.s. dollar typically wednesday selling in the commodities market not entirely the case this morning. copper and oil down, gold and silver currently higher. we will continue to watch the market reaction. greece and its international lenders reach a new bailout agreement. the deal expected to be worth up to $95 million in fresh blood. the greek government hoping to push the agreement through parliament by thursday. this could pave the way to aid disbursements by august 20th $23.5 billion debt payment is due to the ecb. it looks like warren buffett has taken the possibility of higher interest rates in stride.
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the countdown to the closing bell ask if they anticipate higher rates. >> someday we will. they will probably raise them faster than i would raise them. what we hear from the fed governors, at least what i've read sounds like they are going to raise them. i've never talked to said man in my life. sandra: brookshire is fine for $32 billion. this is a big good yesterday. the largest deals that goes through in buffett's career. coming up in an effort to jumpstart the economy, china devaluing currency in a surprise move. in sports, look who is back. >> we've only met three tournaments. it's been eight or nine weeks since i've played the u.s. open. at least i'll be fresh with the
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guys at the end of the season. sandra: rory mcilroy is ready for the championship after setting out with an ankle injury. you hear what else he had to say. u.s. stock index futures, the dow up 114. weakness across the board as we kick off tuesday morning. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
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sandra: a lot of news to digest this morning. let's get too caught up in
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global market action. u.s. stock index futures signal a lower open a few hours from now. dow futures off to the lowest of the session now done 116. weakness as we look at new set of china and greece and here at home technology news a lot going on. turning to sports, the mets rally three runs in a name for a come from behind 42 win after the rockies. curtis granderson hit by tying the game. dana murphy drove in a single for the eventual winning margin with the game and a half ahead of the national zoo also one last night. golf's number one player back in action this week. rory mcilroy in the field for the pga championship. he injured his ankle playing soccer at the beginning of july. he is now 100%. >> the one thing for me was chipping and putting.
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so everything feels pretty good. sandra: for assuring us he is on it. we'll rent a global market action before we handed over to maria bartiromo. dow futures up 118. stay with us.
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sandra: a final look at your market action this morning. european markets because greece gets another bailout in china makes a surprise move to devalue its currency. the greenback is higher this morning. dow futures sinking to those at the session of 116 points. remember, this is an indication that china sees its economy weak enough to make the move with the current state. perhaps investors digested the news as they go through the morning. commodity markets come up oil prices even lower.
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china's one of the largest consumers of oil in the world and the weakness could be copper also a lawyer lower. gold and silver to the upside right now. maria bartiromo what you said answers on "mornings with maria." maria: sandra, thank you so much. happy tuesday. i am maria bartiromo. it is tuesday, august 11th. with me, chairman and ceo fred lane & co. chairman mike holland. the first, alphabet soup for google. the online java new-paragraph then java new-paragraph in a called alphabet. the conglomerate will include a vast array of companies that they slimmed down google focusing on its core internet business. also doubled the rent by cofounder larry page and sergey brin. we will have a new ceo. sundar pichai, we will talk about who he is and what is done later on in the program.
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china's government devalued the sub forever knight and created the biggest one-day decline in two decades for the currency. the shanghai index had little response to the move essentially closing up for the session overnight. on the shanghai composite. teachers had for a lower opening here in the u.s. as you see a pretty good decline this morning. the big economic will be the sales number of tomorrow and retailers in quarterly earnings this week. as you can see the talents that see the telesat negatives in europe this morning setting the tone for the rest of the markets globally. take a look elsewhere. >> under our constitution, i cannot run again. i can't run again. [cheers and applause] i actually think i'm a pretty good president. i think if i ran i could win, but i

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