tv FBN AM FOX Business August 27, 2015 5:00am-6:01am EDT
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sandra: breaking news this morning. a monster rally on wall street sparks a monster rally in asia as the global roller coaster ride on the stocks that investors take another future. after yesterday's 600-point rally in the dow jones industrial average, stock index futures pointing to another strong start for wall street today. futures point to a higher open of 229 points. lauren: look at that, nicole. chinese stocks breaking a brutal five-day losing streak with a 5.3% gain. other asian markets also surged.
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nicole: all green today. lauren and i represent the major volatility. opening up at opening up at things over 2%. lauren: crude oil surging above $40 a barrel on hopes that a better economy means stronger demand for crude. oil supply delay fell last week. nicole: gold prices holding steady overnight. right now at 1124, unchanged. lauren: the dollar rising and currently you can see how the euro and a yen safe havens are doing versus the u.s. dollar. >> the 10 year bond was below 2% price so we are keeping an eye on that for you as well. good morning, everybody.
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welcome to "fbn:am" come your first look at what is living in today's markets, latest breaking news, what to expect that they had. lauren: asian markets following the wall street rally. china shanghai snapping a five session losing streak with a gain of 5%. china's central bank injected more funds into the financial system adding $23 billion in the quiddity. as for the other asian markets, hong kong adding 3.5% and japan's nikkei up for the second day adding 1%. a live report in the markets from beijing coming out. nicole: stocks came roaring back on wall street snap in the six-day losing streak that gave everybody a bit of a heart attack brought on by worries in china in particular. u.s. stock index futures pointing to more gains on wall street after yesterday's rally at 619 points. the dow industrials futures were
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up yesterday's game we saw was the third biggest ever on record in two days looking at 224 points. traders encouraged by stimulus measures and chinese central bank. upbeat comments here at home from your credit president william dudley and now let's take a look at what is moving everything here. an inside look with mike ingram at pgc partners joins joins us by telephone this morning in london. things are looking much better. can they hold? the first day we had an up arrow, it doesn't matter unless we hope then. what happens now? >> the snapshot for it today you would have to say the rally across the board. on your show a couple years ago china would have problems rebalancing its economy. i think we've seen clear evidence over recent weeks and
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it ain't anybody thinks we see the endgame as far as chinese currency is concerned. that could be mistaken. it remains conflict in that late overvalued. what china did earlier in the week and also policy rates. ultimately it just exacerbates overinvestment and of course it further undermines currency and the reason they cut rates was because they had to train the quiddity to defend in the first place. to some extent they are shooting themselves in the foot. confidence is key. it's not looking very stable at have to say. lauren: lauren simonetti here. if relief isn't coming from pbs they coming from pbs they can make any sense coming from our federal reserve and expectations there? >> it is clear dudley has certainly helped markets over the last 24 hours.
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take a step back from this. somebody told june 2008 when the financial crisis kicked off seven years later we would have european rates is zero, japanese this year another central banks as zero, what would you have heard about the health of the global economy? you would've thought it disasters. >> so you say it's a hike in the u.s. who quickly? >> i think you are looking at a hike under the year and i would be the right thing to do. but what are they ever happy. trying to build dudley would like that to happen by the end of the year. mike ingram, market analyst at bgc markers. thank you for joining us this morning. lauren: certainly has been a neck breaking a type of way. definitely one for the record books.
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some of these days they lived an entire year and it all began with monday's plunge of 600 points just about anyone experienced trader saying he would not be surprised if the fec opened a formal inquiry into the trading that day is another flash crash. >> the footprint on monday was followed to small positions go inside. not 10,000 share lots, but under 100 shares. to me, the little guy absolutely got crushed and got crushed the nation have monday morning. to me it was a travesty. lauren: one billionaire investor taken advantage of the selloff when the dow fell 580.5 by 100,000 shares of facebook. >> we were waiting to jump in at the right moment. i thought was down and jumped in. there's lots of great companies in america which got overly beat up this week and it was time to
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get in and by then. lauren: people dead. green added that the china story is way overblown and it is in control of the chinese economy. nicole: will take a market check as well. merck was the biggest loser in monday and tuesday down about 8.5%. wednesdawednesda y was the biggest gainer. people basically looking at what sold us the most and picked them up. let's take a look at futures and see where we stand. a 200 points a short time ago. now you can see the nikkei, kospi, hang seng without heroes. this is the highest we've seen since early july. lauren: in months, absolutely. lots of great on ice cream. ftse up 132 points from the cac dax, look at that, 320 points. nicole: bring it on. 211 points to the upside,
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lauren. we gained 4% and it was the biggest gain in four years. lauren: lets us the traders coming up if we hit bottom. a shoyu key commodities. oil is up $40. 40.07 right now. nicole: gold stocks to the week were down 15%, 20% this week. lauren: the u.s. dollar is trading key currencies around the world. you can see weakness in the euro and yen this morning. lauren: hovering around 2.15%. lauren: look at that. investors get another round of economic report that absolutely could affect trading. how is the u.s. economy doing on its own? the second estimate for the second quarter expected to increase to an annual rate of 3.2%. that is important because it is a full percentage point higher from the initial reading. weekly jobless claims expected
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to climb a little bit. the number we're looking for is 274,000. today's double dose comes at the federal reserve tears up for its annual gathering of the central bankers in jackson hole, wyoming. i would not include judge chair janet yellen. fairfax business there, live coverage of the nader meeting throughout the next couple days. nicole: at is also earning season. earnings reports this morning from a pair of key companies that would give us a read on the state of retail. first high-end, tiffany, the little blue box is expected to report results in-line with text patients and the things to watch include the impact of the strong u.s. dollar which can determine spending behavior of the tourists in particular. we've seen that hurting many companies.
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also look to see if everything you want a valuation in china. at the other end of the spectrum, dollar general keeping in mind that the discount retailer says that the piece of store up in this here combines better than expected first-quarter profit. investors looked to see if the company raises its full-year profit forecast. we will vouch for that, but people have been very tight with their wallets in the tough economy still. we will see how they fare. lauren: tiffany and dollar general. a horrific attack unfolded on live television yesterday. a gunman killing a young reporter and cameraman during the live tv reported virginia. >> we are seeing tourism. we want people to say about what -- lauren: more than a dozen gunshots fired right there. 24-year-old alison parker and cameraman 27-year-old adam ward.
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the shooter made his own cell phone video and posted it to social media. police say the gunman as a disgruntled former employee named vester flanagan later died of a self-inflicted wound. allison parker's boyfriend was on the kelley fire last night. >> unfortunately, i was not surprised because he was someone known to people at the station for volatility. allison and adam carried no hate in their heart and expects no hate or ill will. >> president obama saying this quote for you. it breaks my heart every time you read or hear about these incidents. what we notice a number of people who died from gun related incidents around this country towards any death that happened through terrorism. nicole: we reported this yesterday. let's take a look.
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>> you haven't been called. go back to univision. nicole: well, that was then univision anchor jorge ramos during an interview with meghan kelley. >> he didn't like my question. he tried to silence me. in this country, you cannot do that. i'm a citizen income and immigrants, reporter and i have the right to ask any question i want. nicole: at nicole: solicit univision after he they dropped him following his controversial comments. we saw that yesterday. chinese prosecutors arrest
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government officials and executives over warehouse explosion that happened earlier this month. the blasts killing 140 people in the port city of tangerine. 150 police officers and firefighters among the victims. the investigations focus on how they got permission to handle dangerous chemicals despite being so close to where people live. nicole: the roller coaster ride in the stock market leading some people to be frustrated. after yesterday's monster rally, u.s. futures this morning pointing to another strong opening. the dow was looking up 226 points after yesterday's 608-point k. we are tracking tropical storm erika appeared first at the southern coast of florida. the latest on where erika is
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gain of 1.23%, much the same for s&p and nasdaq. sandra: china stocks here breaking up with the nikkei, kospi, hang seng all two d. affairs and outbreaks good news there for asian markets. lauren: at the major stock markets average higher. you can see gains across the board of 2% in london and france and 3% in germany. nicohodemand on crude oil. right now 40th of an exact way. lauren: pulled down three days and about but up a little bit this morning. $1125 an ounce. nicole: you see the euro is weaker as is the japanese yen against the u.s. dollar this morning. lauren: yields on a ten-year treasury following overnight. good morning, everybody. i am lauren simonetti joined by
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nicole petallides. welcome to "fbn:am," the latest breaking news and what to expect for your day ahead. nicole: we're watching asian markets so closely they rallied overnight. we get the details from business reporter tracey chang's life in beijing. tracey is a reporter for chinese state television. reporter: thank you, nicole. the composite soared more than 5.3%. after pumping more money into the system that the financial sector was the biggest winner in today's rally. gains were much tamer. the hang seng at 3.6%. insurance companies led gains over there. japanese shares followed wall street higher. the nikkei up 1.8%. sentiment was lifted after the yen weakened pass the greenback and over in south korea the cost pc and turn green again in seven
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tenths of 1% at the index heavyweight gaining more than 3%. back to you, nicole. nicole: this is the first time in a long time we have asia, europe and u.s. grain. lauren: don't jinx it by nicole is right. a tough couple of weeks the nation is a tough couple of weeks on wall street as well. it began monday when the dow fell 588 points. one trader tallied surgery he would not be surprised if the fcc opened a formal inquiry into the trading as another flash crash. take a listen. >> the footprint on money was held at the small positions going by. not as then, 10,000 shares by to meet the little guy who had the stock absolutely got crashed and they shouldn't have monday morning. to me it was a travesty. lauren: travesty and when serious investor taking
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advantage of the selloff on monday about 100,000 shares of face the. >> i'm looking at facebook. we are waiting to jump in at the right moment. i thought was down and jumped in. there's lots of great companies in the economy we are and which can't overly be back this week and it was time to get and advise. lauren: green adding that the china story is way overblown. the government there is in control of their economy. nicole: a few big money to relate to take the risk, those are the times to do it. we're watching asian markets following the u.s. at the rally of their own. shanghai composite up 5.3% with the big moves bear and hong kong also. you can see the hang seng in shanghai without barrows. lauren: we see follow-through in europe. ftse, cac and dax doing much better than two and a quarter% this morning. they've seen out there is
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yesterday 220 points. the dow jones industrial average has several names in the grain for the week such as apple and nike. lauren: will see the final head. key commodities starting with oil $40. 4011 mr. quote this morning. nicole: the gold stocks getting crushed. gold at 1125 announced not moving too much. lauren: we've got the dollar. her reviews you can see to read further euro and again that your typical safe havens. nicole, you have the ten-year treasury for us. nicole: looking at 2.15%. you remember 1.9 and change. looking better. the collapse of solar company selling drug document is once again. a further investigation has concluded. officials misrepresented facts, omitted key information in their
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efforts to get a $535 million loan guarantee from the government. cilantro is the first to benefit under the program was expanded under present upon this two dozen eggs in this package and the failure is likely to the taxpayers picking up the cost. lauren: on to national news this morning. an horrific attack on live television yesterday. a gun and killing a young reporter and cameraman during the bug report in virginia. >> we are seeing to race on. what a lot of people who come here to say that his wife -- lauren: more than a dozen gunshots fired and the victims were at the 24-year-old alison parker and cameraman 27 don't add aboard. the shooter made his own cell phone video posted it online. police say the gunman was a disgruntled employee at the
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station. this name is vester flanagan and he later died of a self-inflicted wound. parker's father was on the kelley file last night. >> everybody -- attached loves her and she loved everybody back. i am not going to let the issue drop. we've got to do something about crazy people getting guns. lauren: president obama weighed in. it breaks my heart every time you read about or hear about these incidents. what we know is the number of people who die from gun related incidents around the country dwarfs any deaths that have been through terrorism. nicole: that is so very sad. this sounds, the shrieks at the end. those will resonate with their parents and loved ones forever and ever. lauren: and it happens in their most vulnerable, during a live television reporter. nicole: he had been standing there with a gun for quite some
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time. we had to turn back to news. we reported this. >> you haven't been called. go back to univision. nicole:.us win at univision anchor jorge ramos was removed in the news conference on friday. now ramos responding to the war of words during the interview he had with megyn kelley. the >> his words are dangerous and his ideas are extreme when it comes to immigration and when it comes to freedom of the press. i've never been ejected from a press conference anywhere in the world. those are the things you see in dictatorships, not in the united states. nicole: jorge ramos getting his words out with megyn kelley last night. the universe dropped following his controversial comments
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against immigrants. lauren: chinese prosecutors operating over a massive warehouse explosion that happened earlier this month. you remember this. the blast killing about 140 people in the port city of tianjun. 115 police officers and firefighters among the big guns. the investigation focuses on how they got to handle -- nicole: after the spectacular failure, amazon retrench as its push into consumer electronics. we'll have the details. facebook -- after yesterday's monster on -- rally on wall street. 1.4% gain.
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lauren: let's get you look at local markets this morning. asian markets following the month or year's rally yesterday. shanghai up more than 5%, snapping a five session and 23% decline for stocks in beijing. hong kong also added more than 3% today. nicole: agreement asia, green and europe, green et al. decided six of the cac and dax all higher. gaining roughly 3%. lauren: as you said earlier, asia up a new u.s. futures pointed by it. i was at 218-point for more than 1% similar gains percentagewise for the s&p announced that. nicole: commodities haven't participated. oil 4012. that is than the above 4%. lauren: that absolutely is. and then you have gold. it is trading at the bit
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disappointed by $2.1126 an ounce but it has sold us the past three days in a row. nicole: as we wait for tiffany's, right now the euros lower as is the japanese come again and pound. the mexican peso looking. lauren: right now 2.15%. nicole: at amazon.com is that the brakes on developing consumer products. recently the company dismissed dozens of engineers. one went to google that worked on his fire smartphones layoffs for the first the 11 year history. the division is being reorganized in some projects like large string tablets, for example, either scaled back for totally halted. amazon declined comment on the story. they have a lap called 126. 26 bnp. lauren: they also have the ipo, a popular product from amazon. that ties us to this echo for
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amazon. now you have and for facebook. that is the virtual assistant. the tech giant has begun testing and is basically this theory, cortana and the like tossing it on facebook messenger users today. it is free. it combines artificial intelligence. serverless customer agents help you do everything from book agents on hold for you with your cable company. user sends a note via the messaging map of the virtual system asks questions and sends up dates as the task being performed is completed. facebook says they aim for it to become the first stop for anyone looking to do or buy anything and facebook looks to eventually make money off the service by charging businesses to link with them to help customers. either a man or a woman. nicole: i like that.
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the ride was seen in the stock market leaving investors frustrated, maybe a little tired. waiting to see what happens next. are the robots in charge? we want to know that. >> to make, the little guy absolutely got crushed and they shouldn't have monday morning. to me it was a travesty. nicole: we will look at the role of computer trading in this wild market swings are seen. stocks in asia following wall street's lead with the rally. a live report from beijing. after yesterday's monster rally 619 points, u.s. futures pointed to a higher open. about 200 points to the upside off the high. you are watching "fbn:am," your very first look at morning markets and breaking news. ♪
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nicole: breaking news this morning. a monster rally on wall street sparks a monster rally in asia as the global roller coaster ride for stock investors at the future. yesterday 610-point row in the dow jones industrial. stock index futures point to a 187 right now. lauren: chinese tax breaking up brutal 5-k losing streak with 5.3% in shanghai. other asian markets also searching. the nikkei up two days in a row. nicole: the average is there opened up to a up to eight games over 2% and the dax at 3% in positive territory. lauren: we found that yesterday they crucified unexpectedly fell last week and we are seeing a big 4% rise in crude oil to $40.11 a barrel.
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lauren: gold prices holding steady overnight at $2.40 at 1127. in currencies the dollar rising and is currently a bit higher versus the euro and the yen. lauren: yields on the resident ten-year treasury as everybody's been a little more risky. 2.15%. im nicole petallides joined by lauren simonetti. we represent the volatility. positive, and then finishing up. bagram to "fbn:am" come your first look at today's markets, the latest breaking news in what to expect today i had. all are rallied after an overnight came in china. let's get all the details from business reporter tracey chang five in beijing. tracey is a reporter for chinese state television. good morning.
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>> a monster rally, asian markets integrated china with the nikkei composite more than 5.3%, mostly after the japanese -- the chinese central bank pumped more money into the system. the financial sector was the biggest winner at today's rally. hong kong markets move higher as well although the hang seng up about 3.6% banking stocks an insurance company led the gains over there. they trailed wall street higher. the nikkei up about 1.8% by a weaker yen as the japanese weekend against the greenback and in south korea the in south korea that cost the scenes in south korea the cost be seen to green up about seven of 1% with index heavyweight more than 3%. that to you, nicole. nicole: tracey chang, thank you so much. both of green. lauren: let's see how european stocks are trading. we are joined by alistair mcrae. he's the ag in london. are you with us?
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>> yes, i am indeed. where is the relief coming from? is that bp essay, comments from fed officials, what is it? >> a number of factors at the tail end of last week was pretty aggressive and i think the more mature trading environment of europe and the u.s. have realized they wanted about our attention. we are beginning to see the trading desks fill up a little bit. the volume still pretty thin and you do feel and focus attention on the u.s. and europe as well as away from the asian markets and the excessive frothing as we've seen on the back of the shanghai composite. nicole: since your an analyst, what do you recommend using technicals of momentum's people want to put a me to work, what
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are you thinking? >> it is always worth remembering would not bring its darkest seller pay china is a reflection of the chinese equities as opposed to the chinese economy and the two things are different. trading environment is much more juvenile than europe and the u.s. they have less trading experience insert database of western trading momentum's insightful as and as such they may be benefited from having the vast majority of the markets rise. that is how it's been much more aggressive in worth remembering the proportion of retail investors as opposed to institutional investors is disproportionate to the u.s., the u.k. and europe as well. lauren: sometimes it's america's storied and sometimes an economic story. we've had some solid data last week your consumer confidence numbers, the second-quarter gdp three this morning.
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is that positive comment added to the other solid that we can decouple the debate from china and really show some confidence in the rally? >> the u.s. will focus outside the u.s. are relatively speaking short period of time. a focus in the internal structures and stand for and supported us that equity pricing as well was always going to happen before the end of the week. i think we stand as far as european traders are concerned a devaluation of the chances of interest rate rises as early as we initially hoped. especially with fed chair janet yellen not going to be dared mr. dudley scored many surprises yesterday with his commentary. from that point of view we're during and a little bit longer time period before the rate rises kick in.
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by the same token if that doesn't institutional analysts on both one of them had a true handle on the true target for the s&p. there's still a perception of the high levels to be released. nicole: thank you for your time. >> good to talk to you. it hasn't been awake for the record books on wall street which began with monday's climb to nearly 600 points. one experienced trader telling our own he wouldn't be surprised if the fcc opened the inquiry into the trading that had us another flash crash. >> footprint on monday with all of these small positions going guy. that thousand, 10,000 share thoughts that they are under shares. they absolutely got crashed and they shouldn't have monday morning. to me it was a travesty.
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nicole: down a thousand points in just five minutes of trading. one investor taken advantage by 100,000 shares of facebook on monday. lauren: we are waiting to jump in at the right moment. i thought was down and when it jumped in. lots of great companies in the economy we are rid which got overly beat up this week and it was time to get into by then. nicole: apple is at $92. the china story is way overblown and he says the government areas in control of their economy. nicole: on trade trade for another check of global markets. the shanghai of more than 5% snapping a five session losing streak to 23% of the stock markets. huge gains in hong kong ended 3%. nicole: europe with 2% gains for
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the cac and ftse in the dx is that 300 points. lauren: and the u.s. will it come to the closing bell. dow futures by 190-point up over 200 earlier. nicole: basically pushing of september with international turmoil affected our risks at home. commodities, oil, 4025. trade for old holding steady at $1127 an ounce. trade trade the euro lower against the dollar as is the japanese yen. the canadian dollar. lauren: am now sitting at 2.15%. nicole: asia traders picked off right in that rally mode. u.s. stock index futures pointing to more game this morning. right now w u.s. stock index futures pointing to more game this
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morning. right now we are off the earlier hike up 194 points on the dow futures. tracking tropical storm erika with the first hurricane to hit the southern coast of florida. we will have the latest on that storm. you are watching "fbn:am." boring then i tried our best to give it a first look at morning markets and breaking news. we are here for you. lauren: for your day ahead. ♪ is
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rallied yesterday with the rally of their own. shanghai up 5.3%. the hong kong and accept 3.6%. gains across the board in a shed. nicole: starting out with green this morning. right now the subset of the cac and dax all out there is up about 3%. positive territory for the week. lauren: yesterday's huge surge on wall street continues this morning topping 196 points. the nasdaq up 60. nicole: turn into a very tough story, horrific story that unfolded on my tv. i got made at a young reporter and cameraman during the five reported virginia. more than a dozen gunshots were fired. does it sound, 24-year-old alison parker and cameraman 27-year-old adam ward. the shooter also made his own cell phone video and posted it online. police say the gunman as a
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disgruntled former employee and later died. his name is vester flanagan and he died of self-inflicted wounds. parker's boyfriend was solid to kelley file -- was on "the kelly file" last night. >> you with someone known to people at the station for volatility. allison and adam carried no hate in their hearts and express no hate or ill will. >> so many beautiful pictures on facebook are the two of them and said such kind words. president obama has something to say as well. it breaks my heart every time you read about or hear about these incidents. what we now is the number of people who died from gun related incidents around the country towards any deaths that have been through terror resigned. this one in particular very heart wrenching. the parents and families,
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friends. lauren: this is something else we reported yesterday. >> you haven't been called. go back to univision. lauren: sorry for the laughing. that is when univision jorge ramos was removed from the news conference in iowa yesterday. now ramos responded to the words with mr. trump. he said this during an interview last night with making kelley. >> clearly, donald trump didn't like my questions and that is what happened. he tried to silence me and in this country you cannot do that. the city said, and the grand reporter and i have the right in this country to ask any question i want to whomever i want. lauren: tribe sued univision after they dropped his patch and following his comments about mexican immigrants.
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nicole: we have sommigrants. nicole: we have something to watch. tropical storm erika may be heading your way. let's go to maria molina, fox meteorologist who has been tracking the storm for us. >> good morning, nicole and everybody at home. tracking tropical storm erika at 50 miles per hour and doing hour and do it with a tough environment. strong winds out here to help keep the storm on the weaker red compared to how warm the water is out here. should be intensified. what is of concern even though we have a lot of uncertainty as they had more than four or five days out, we are looking at a forecast tracker taking a close to the eastern united states eventually. it will take two more days before at the side of the environment and eventually it could become a category one hurricane off the coast of florida. a long way to go off across parts of the atlantic in terms of tropical storm erika.
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across the northeast and parts of the great lakes, temperatures below average in the 70s and 80s. triple digits and 90 forecast out there this afternoon. nicole: feel school in new york. lauren: going to hit 82. coming up, global market action before we hand it over to "mornings with maria." stay with us. ♪ two streetlights. the only difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment-
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nicole: but take a look at u.s. markets right now. dow futures up 190 points. we gained 619 points yesterday. our third biggest point gain in history. we will see whether or not you can hold the rally for the whole day. time now for "mornings with maria." sandra smith and for maria bartiromo. sandra: good morning, nicole. breaking news, another wild ride on wall street. futures eaking news, another wie
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on wall street. futures higher this morning after the dow had its biggest one-day point gain in eight years. good morning. i'm sandra smith. maria bartiromo has the morning off. it is thursday, august 27th. with me dagen mcdowell ingenuity is tony dwyer. futures are higher as the dow comes off of the record-breaking day at the blue-chip job than 619 points. we have to put that in context for you because it has been quite a week. we've seen several big days. for those listening on the radio, showing the damage done through the market and likely your 401(k). over the course of the last six trading days, the dow was down more than 1000 points. we will talk to tony and other experts throughout the show about why you should do during these uncertain times. take a look at how to shape up this morning. stock index futures pointing to another rally on the open. dow futures up 191, s&p futures
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up 21. nasdaq futures up 60. market mover later this hour, the latest reading on economic growth. the report at 8:30 a.m. eastern expecting a growth of 3.2% for the second quarter. china leading the way overnight. shanghai composite rallied 5% or close of 3083. the nikkei in japan with a strong close. the market over 1%. the gain of 197-point. europe followed a minor triple digit gains. you see the ftse cac and dax all hosting solid gains. the dax of 3%. first of the futures at home where we see triple digit gains on the dow and green across the board. the game 193. before you get too excited about possibly a second day
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