>> breaking news this morning for second day in a row asia follows wall street's lead in crude oil. good morning, everybody i'm nicole petallides. >> i'm lauren simonetti. >> u.s. stocks pulling back. dow futures down 153 points. losses for the s&p 500 and nasdaq. >> how about asian stocks? they are posting biggest gains on back of wall street's rally. supports from the chinese government. shanghai composite racking up

4.5%. a gain also from the prior day. >> stocks are mostly higher but pulling back. the ftse, the cac and the dax are all down modestly we'll continue to watch that for you. >> you know what got wall street's attention, oil. after yesterday's more than 10% rebound, oil prices 42.26. pulling back by 30 cents. >> gold prices also edging higher but the yellow metal on track for the worst week in more than a month. it is up $5.50 right now. >> it has been down four days in a row. nice to see a little green. euro stronger against the dollar as well as japanese yen. mexican peso is weaker against the u.s. dollar. >>ry falling back. 2.16% this friday morning. welcome to "fbn:am," the latest

what is moving in the markets. the breaking news and with to expect in your friday ahead. >> we'll take a closer look. you know who we have on tap for you? tracy chang, live in beijing, a reporter with chinese state television. good morning, tracy. >> good morning, ladies. asian markets mostly higher. shanghai comes posit gaining 5% on speculation that shares are being bought again. in hong kong markets turned last minute. banking shares were sold off on concerns of bad loans. over in tokyo japanese shares follow wall street higher. exports surged after the japanese yen weakened against the 1.21 level against the green back. kospi became one of the best performing markets in asia. back to you.

>> wow, tracy, thank you so much. lauren. >> it has been such a week. the markets are actually up this week after the dow industrials plunged on monday, plunged again on tuesday, erased losses with rallies both on wednesday and yesterday. joining us now, on the phone with a closer look where we've been and where we are going, look into your crystal bad, a market analyst at ig group in london. hi, chris. >> good morning. >> this momentum has stalled this friday morning here in europe and u.s. why do you think that is? >> i think we've seen three strong gains of in so many indices. the is friday, the news flow is thin on the ground. new month gets underway next week. all these are coming together as traders sitting on their hands rest of the day to see what next week starts to bring. >> talk about what we're seeing in commodities too. how much do you think commodities plays a role.

oil had the huge jump, 10%. come on, you know oil is so volatile. you think that helps lead the way. which one is leading which? >> commodities still lead the way. they come on the chin really at moment. the oil jump yesterday was certainly overdue given it was going one direction. overall market heading lower longer term. makes life difficult for some stocks especially london ftse which has so many its ranks. >> we have fed officials around the world meeting in jackson hole, wyoming. how much attention are you paying with that and what can we expect monday morning? >> i sense days when jackson hole was so important. i think i sense this is steady as she goes and things are taking on in the right direction but we're not expected to rock the boat too much with this meeting. we're still focusing what comes later. >> what is exactly are you looking at today?

>> i think we're just continuing to see a lot of popular names being bought up. we strong moves in apple ahead of investor event later in september. looking to get in when the opportunities present themselves. >> chris, thank you so much. market analyst at ig group in london. nicole. >> everything is so intertwined. see what oil is doing right now. it soared 10%, biggest one day rally in six years, over six years. that move, i watched oil surging right back above $40. thanks to big gains in chinese and u.s. stocks as well. and a better than expected report on u.s. gdp. oil heading higher. now it is down. it is pulling back. 42.16. so where does it go from here? come on, we brought in phil flynn, senior market analyst price futures group with some perspective. earlier in the week people were

betting to the downside, we were hearing numbers 38, 35. what is the best numbers now, phil. >> those have to come off the table. those numbers were pricing in a great depression or another major slow down in the global economist. as i said before, anything below $40 a barrel in my mind is saying that the global economy is in big trouble. >> what are traders looking at now? >> i think they have to take those bets off. by closing back above 40, now we have to look at the charts hey, there are big gaps from above to the last drop. we could see oil prices get back to 50, 57. there is a lot of reasons for that to get there. to be honest with you, we have not seen drop in demand which would coincide with this type of drop. everybody is focused on supply, supply, but there is another side to that equation. >> what do you make of this? venezuela calling for emergency opec meeting.

they want russia to join them. do you think opec will act here? >> i think may have to if prices don't stablize. i think venezuela wants an emergency opec meeting for ten minutes. algeria called one for last month. even iranians, they would have open mind to emergency meeting. but at the end of the day it will come down to saudi arabia. how bad are things in saudi arabia. that's what we'll wait for. >> middle eastern companies basically want oil companies at $100, right? let's put things in perspective here. last august oil was at $95.96. the oil trade has been a really difficult one. we've watched gasoline prices as well. what else is on your docket next week or so? what is front and center for you? >> we have to see if we maintain gains we saw yesterday in commodities. we want to look at the dollar.

we want to look at gold, to be honest with you, to see if the risk appetite is back. at the end of the day when oil prices were up $100 a barrel, that was too optimistic. when they were down below 40 that was too pessimistic. the truth is somewhere in the middle. i think we start head in that direction. >> phil flynn, price futures group. thanks for coming on. >> good morning, thanks. >> for drivers out there, another two cents drop. >> don't spend it all in one place. >> investors keeping eye on federal reserve summit underway in jackson hole, wyoming. it draws attention because of wild trading past couple weeks. we'll feature discussion on global inflation by fed vice chairman, stanley fischer. reserve bank of india governor. but janet yellen, our fed chair, she is skipping this year's gathering. there is group of protesters. they are called, fed up.

they are attending second time. they're a liberal coalition made up of community activist groups who want the fed to hold off on raising interest rates at next month's polly meeting. stay tunedded to fox business throughout the day for live coverage of the summit. tune in for federal reserve bank minneapolis president, kocherlakota. how do you say the name? >> kocherlakota. >> thank you. he is in jackson hole. >> i don't know. here is the point, the point is basically bill dudley came out and said september rate hike is less compelling but would like to see a hike by end of the year. you know the fed is very much considering raising rates. see how global markets are faring. after our u.s. rally yesterday, two great days, almost 1000 points, asian markets closed mostly higher.

shanghai, kospi, they are up almost 4, 5% and adds to the prior day's gains. >> european stocks opened higher. but now they're down. the cac in paris is down 21. the german dax is down sharply almost by a full percent, nicole. >> bring on u.s. stock futures. we had 998 point in two days, right? that is pretty great, 6%. we didn't erase all the losses but a good start. s&p and nasdaq all down about .8% each. >> oil has been the big story up this week about 10%. falling back a bit this morning. your quote, 42.21. >> gold is shaping up. up $4. many stocks are beaten down 15, 20% this week. >> here is the u.s. dollar against some currencies.

euro is up a bit versus dollar. canadian dollar, and mexican peso. >> look at ten-year bonds. 2.16% during all the market turmoil during the week when it was below 2%. >> exactly. carl icahn, found another target. activist investor bought 8 1/2% stake in freeport-mcmoran. it is word about nine hundred million dollars. the according to him the mining company shares are undervalue and wants it to cut spending and executive pay. he might seek a seat on freeport-mcmoran's board. freeport-mcmoran shares jumped in after-hours following that announcement. they were up almost 30% yesterday, when freeport said it would slash capital spending next year as well as cut jobs right here in the u.s. >> those shares are down 57%. that is indication of gold, copper, mining. that is loser but carl icahn

jumping in. let's turn to politics. republican presidential candidate donald trump doing damage control after dropping billionaire investor carl icahn's name during a speech. in that speech trump said, most good business negotiators were vicious, horrible, and miserable human,. trump is not saying he didn't mean to include icahn in that characterization. >> carl is great. he said, donald, do me a favor, stop calling me a killer. i said, carl, you are killer. he wants me not to call him a killer. i said okay. i have other guys, very tough. i said, carl, how do you think you would do against japan. no problem. put him in a room. put them in a room. we're going to win. >> this is great television. trump definitely brings in the ratings. that is his point. trump saying he would include carl icahn in his cabinet if he were elected president. he was trying to clarify after

he had conversation with carl. >> how do my hair look? >> beautiful. >> mr. trump defending his hair after hispanic radio show host nicknamed presidential frontrunner, man of toupee. >> i don't wear a toupee. it is my hair. i swear. come here. come here. come here. come here. i'm going, we're going to settle this. is it mine? >> it is. >> it is. say it, please. >> yeah, i believe it is. >> pure entertainment. trump is saying he and senator ted cruz, nuclear deal with iran in the next few weeks. >> that is a tough transition, right? carly fiorina slamming debate rules that were set by cnn despite rising polling numbers the former hewlett-packard ceo would not make the cut for the main debate stage next month

because cnn will average national polls only dating back to july 16th. >> i don't understand why media companies are deciding who republican primary voters hear from honestly. this is republican primary debate. the rnc in my mind should be in charge of it, not ncnn in the end voters get to decide. >> cnn's gop presidential debate set for september 16th in california. >> hillary clinton comparing republican presidential candidates to terrorists last night at a rally in cleveland. >> extreme views about women. we expect that from some of the terrorist groups. we expect that from people who don't want to live in the modern world. but it is a little hard to take coming from republicans who want to be the president of the united states.

>> what do you think of that? the democratic frontrunner, saying that the gop candidates are dead wrong for 21st century america, while discussing their views on women's issues including abortion. the republican national committee calling on hillary clinton to apologize, nicole. >> go ahead and tweet us at "fbn:am." what you think about hillary clinton making that comparison to terrorists. it is official, we're talking about apple sending out invitations to the latest big event. >> did you get one? >> coming up in the next few days. we'll see you there. >> it is an image. >> asian stocks following wall street's rally mode. that will come straight from beijing. check in on stock index futures after we gained almost 1000 point in two days. looks like stock index futures. dow futures down 153 points.

s&p at 1917, down 8 1/2 points. we're to the down side a little more than earlier. watching "fbn:am." first look at morning markets, breaking news. ♪ before i had the shooting, burning, pins-and-needles of diabetic nerve pain, these feet grew up in a family of boys... married my high school sweetheart... and pursued a degree in education. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and she prescribed lyrica. nerve damage from diabetes causes diabetic nerve pain. lyrica is fda-approved to treat this pain. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new, or worsening depression,

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breaking news this morning, asia followses wall street's lead. good morning, everybody, i'm lauren simonetti. >> i'm nicole petallides. after the biggest point gain ever.

>> look at asia posting big gains on the back of wall street's rally yesterday. and also reports of support from the chinese government. the shanghai index is up almost 5% on top of a 5% jump the day before. it was down 11% last week, nicole. >> they have been propping it up and you know it. roller coaster week in europe with european stocks open mostly higher. pulling back right now. ftse, cac and dax are all down, with the dax down .8%. >> a big story with the oil price. after yesterday's 10% jump, oil prices pulling back overnight, down to $42.30 a barrel. >> gold in a trade out of favor, four days in a row it has been a loser, up 11 bucks. that is what the metal is doing, on track for the worst week in a month. >> overnight trading down a little bit versus the euro as

well as japanese yen, nicole. >> if you're a fixed income investor love the bonds, bond-year-olds 2 -- bond yields it .15%. welcome to "fbn:am," latest breaking news and what to expect in the day ahead. >> asian markets finished a wild week mostly to the upside. we go to the tracy chang a report with chinese state television. good monday morning to you. >> gaining nearly 5% on speculation that state owned investment firms have buy gun buying again but index still down about 8% in the final week. hang seng lost about 1%. banking shares sold off on concerns of very bad loans. moving to tokyo, japanese shares followed wall street higher. the nikkei gain ad solid 3%.

exports surged after the japanese yen weakened against the 1.21 level against green back. kospi marked 3% gains to becoming best performing market in asia. back to you. >> tracy, thanks for keeping us in perspective. have a great weekend. >> there it is. investor keeping eye on federal reserve summit underway in jackson hole, wyoming, drawing attention because of wild trades in the market. tomorrow stanley fischer, bank of england governor, mark carney, reserve bank of india governor and fed chair janet yellen. she is skipping the gathering this year. there is a group of protesters there. they're not fed fans. in fact they're called fed up. they're attending event a second time. liberal coalition made up of community activist groups, wants the fed to hold off raising

interest rates at next month's policy meeting. we have several countries sending messages to fed chair, hey, don't raise rates from india, china, imf they're putting votes in to say janet yellen, please don't raise rates. stay tuned to fox biz. at 3:00 p.m. we have interview with kocherlakota, with liz claman in the 3:00 p.m. show. he is minneapolis bank president, also in jackson hole. this comes on heels of what we heard from bill dudley. said september rate hike was less compelling. international developments increased risk to the u.s. economy and global market turmoil could affect u.s. employment prospects. what? we want job. >> chris beacham earlier in the show said he is done with the fed stuff. let's move on. carl icahn, he found another target. the activist investor bought 8 1/2% stake in freeport-mcmoran. that is your commodity story. that stake worth about $900 million. according to a securities

filing, icahn says the mining company's shares are undervalued and wants it to cut spending as well as executive pay. he might seek a seat on freeport-mcmoran's board. shares higher in the premarket. look at that bid ask. 11.10. yesterday freeport said it would slash capital spending in 2016 and cut jobs in the u.s. investors like the news. shares are up big time. >> it has been wild week. let's checks on global markets. european stocks have been under pressure. we're watching the cac, the dax, seeing them to the downside. the dax is down .6%. >> that is where most of the losses are. as you're waking up here in the u.s., this is what you can expect after seeing two solid days of gains. nasdaq off 30 points. everything is up for the week. imagine that, nicole. >> we'll see what we hold on to. crude oil 42.27. that is a drop of about 29 cents.

>> as for the yellow metal, gold down four days in a row up today. $1025 a troy ounce. >> we gained almost a thousand dow points. we're seeing euro and yen stronger against the u.s. dollar. that will be interesting how that plays into the equity markets. >> yield on 10-year treasury right now, still at 2.15%. >> let's turn here, firefighters battling the largest wildfire in washington state's history. this as winds increase and temperatures rise in that region. the flames killed three firefighters last week and have destroyed dozens of homes. so far more than 1100 square miles have been burned. that is nearly the size of rhode island. the governor there calling wildfire a statewide, slow-motion disaster. certainly looks like keeps on blazing. worried about the firefighters as well. >> absolutely. we want to stick with weather for a moment because we have

tropical storm erika, pounding eastern caribbean island of dough minute car, on it way to florida maybe monday morning? latest from meteorologist maria molina. >> hi, good morning, lauren. a lot of people are seeing forecast cone and seeing florida in track of uncertainty but you know what? we're not really sure the storm will make it out of the caribbean. it is very disorganized this morning. it has a lot of moisture. we've been seeing images of intense flash flooding occurring at some of the islands. maximum sustained winds are 50 miles an hour. it has broad circulation. tough to find where center of storm system is because we have dry air and strong winds tearing apart this storm system. right now the model consensus eventually the storm will survive out of the caribbean, bring heavy rain to parts of the dominican republic and track into area across the atlantic into the bahamas and impact florida. you can see intensity has been kept down.

we're thinking it will remain a tropical storm. we'll track it very closely, tough environment that the storm is in right now in the caribbean. a look at high temperatures across the nation. low average across great lakes and very summer like in the southern plains. >> maria, thank you so much. i love how she called the storm disorganized. that is me this friday morning. >> i think you're perfect, lauren simonetti. coming up we tell you about facebook ceo mark zuckerberg post on a milestone for the social media giant. everybody loves facebook. hear about the millionaire that bought in at the dip. apple sending out invitations. did you get one? that is coming up september theth, a few days away. be 9th. dow futures, s&p futures, 1972. nasdaq down 31. you're watching "fbn:am," your very first look at morning markets and breaking news. ♪ ♪.

>> let's get you a market check. futures right here in the u.s., the dow is down 10points, looking better than earlier. s&p down 13 1/2. nasdaq giving up 23 points this friday morning. >> had a couple good days, up

almost 1000 in last two days. almost time for apple to unveil the new iphone. you have been waiting. the company sent out invitations for journalists for the september 9th event. apple is expected to reveal iphone 6 s and 6 plus s and potential, by the way those are already out. i guess they're revamping them? >> no the 6 and 6 plus are out. these are the 6s. they didn't go with the 7. >> that makes a difference. apple tv box. you want to know what apple closed at? 112.92. >> i hear a new color perhaps for the new iphone. some people get into that. all the bells and whistles. people will line up for them as you know. let's talk facebook, first time ever, more than one billion people logged on to facebook in one single day. you know what that means? one in seven people, one in seven on plannest earth used the

social media site. facebook has 1 1/2 billion users who log on once a month. this is the most in single day. in a post on facebook, ceo mark zuckerberg writes, this is the first time we reached the milestone. just beginning of connecting the whole world. so they will go further into asia, latin america and other countries. you can say they're saturated here in europe and u.s. >> that was his big dream. apparently people are on 46 minutes a day on social media and facebook. >> not me. >> we're talking about donald trump goes on the offensive over his hair. >> i don't wear a toupee. it's my hair. i swear. >> i thought it was toupee. >> how much would you pay, pay for dinner with donald trump? trump responding to reports that an hispanic radio host that called him the man of the toupee. we'll tell you what trump had to say. crude oil prices surging

overnight after jumping 10% yesterday. we have energy trader phil flynn, he explains what is going on in those energy pits. stay with us. >> nicole i'm tweeting out if people are going to dinner how much they would pay for donald trump right now. ♪

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>> breaking news this morning, for the second day in a role asia follows wall street lead in rally mode. >> you know what also is rally? crude oil. but it is pulling back on top of yesterday's tremendous gains. >> good friday morning. you made it i'm nicole petallides. >> i'm lauren simonetti. hello. after posting the biggest two-day point gain ever u.s. stocks are now pulling back. the dow is down is 105 points. zapdown 13 and nasdaq down 22, nicole. >> on heavy volume too. you should note that, conviction.

on back of wall street's rally, reports there has been support from the chinese government. we've been hearing a lot about that. shanghai up 4.8%, on top of a 5% gain before. >> shanghai is down 8% this week. also been a roller coaster in europe. they opened to the upside but pulling back. footsie just turned modestly higher. .1 of a percent gain in france and bigger gain in germany. >> bigger gain yesterday in oil. overnight it moved into the green. a short time it was lower. now at $42.69. up 13 cents. >> how high will it go in we'll ask phil flynn. gold prices edging higher. $1125 a troy ounce for the yellow metal. this has been its worst week in a month. >> over last couple days when we gained the dollar had some strength.

>> the yield on the 10-year treasury falling back a bit, 2.15%. welcome to "fbn:am," your first look this friday morning what is moving in today's markets. the latest breaking news and what to expect for the day ahead. asian markets finished mostly higher with shanghai closing up almost 5%, on top of a 5% gain on thursday. for details we go to business reporter tracy chang, live in beijing. trace is a reporter for klein niece state television. good morning, tracy. >> good morning to you, lauren. asian markets mostly seeing green. shanghai composite gaining nearly 5% on speculation that state-owned investment firms have begun buying shares again but index is still down about 8% for the week. in hong kong, markets turned last minute. banking shares sold off on iffy loans. japanese shares followed wall street shares higher.

the nikkei gained about 3%. exports surged after yen weakened against the 1.1 level of the green back. kospi marked 3% weekly gains becoming one of the best performing markets in asia this week. back to you. >> tracy thank you so much. >> the talk is chinese government propping up shares with state owned companies buying in. they have a parade next week for world war ii. they don't want to go into the parade with the markets crashing. that is the word on the street, okay? you heard it. it has been a wild week for stocks. you know it. dow jones industrial average plunging monday and tuesday. monday was heaviest volume we've seen in four years. only to erase those losses with rallies on wednesday and yesterday where we gained 1,000 points on heavy volume. james hughes, chief analyst joining us by telephone this morning with your thoughts on the market, james. what i said yesterday we tacked on more gains, it was on heavy

volume. so does the market have legs? >> seems like the market has a little bit of life. that is surprise after what we've seen really start of this week. if you look what happened on monday and tuesday and just how much we were worried panic would start setting in again, back on monday and tuesday we were talking about, being back to 2008, 2009, sort of volatility and nervousness around the markets. all of sudden to be back where we're trading now, of course it has been some positive numbers. so i think it is the fact that the u.s. markets are dragging everyone higher. that is definitely what it feels like here in europe. we've seen pretty much european markets try to follow whatever is going on. we followed china. now we're following the u.s. i think it is a matter looking how u.s. markets are performing. checking those gdp figures. just seeing that the u.s. is weathering this storm. if the u.s. is weathering it, we can do it. >> if the u.s. is leading markets and we had amazing rally

once again yesterday, why do we have stocks down in europe today? >> well, i think it is one of those things where we approach the weekend. we don't really know where we're going in the long term in terms of these markets. look at likes of, germany and france we're a little bit lower. look at the ftse, not necessarily doing too much. it is treading water. >> that's true. >> it hasn't got that much traction involved in it. we'll wait for u.s. markets to open. futures looking negative for u.s. markets of course. that is probably what we'll follow for late they are afternoon. but approaching weekend you understand why traders are coming out of a few positions. don't want to hold anything over the weekend. >> we totally get your vibe, buddy. i know it. there has been a lot of volatility. it is true, people don't want to hold on to shares over the weekened because anything can happen. market analyst at etoro. james hughes says u.s. stocks are dragging up other stocks. trying to hold on. >> other huge story this week,

especially yesterday, oil prices went up 10% yesterday. that is the biggest one-day rally in over six years. the reason for it big gains in the chinese markets which gained today. oil, it was pushing higher. it is pushing higher, once again, into the final trading day of the week. the question is, where do we go from here? how high does oil go? what happens to gas prices? how do you play this? phil flynn, senior market analyst at price futures group. what do you think? you're live at the cme now. >> hey, i'm live hire. it's a let empty here but this place will be rocking in next couple hours. this volatility is unlike what any trader down here has seen, at least traders not as old as me. it has been incredible week. when you talk about this oil market, face it, fear striking out. this is what this is all about. i said last week oil prices below oil who a -- $40 a barrel,

was crisis mode. that the economy is in bad shape. that the global economy is grinding to a halt. anytime oil is below 40 the last 10 years it signaled bad things. obviously with the market comeback it shows things aren't booed. the economic data isn't back in doom and gloom. that is why we're seeing incredible comeback and we could come back further. >> help the discuss towed eel staff put on the lights did, custodial staff. how is the relationship happens with crude oil and what is the most outlandish bet you're hearing standing in the pits, crazy person's bit, what would that be? >> we heard $15 a barrel from the bears. >> no. that is crazy. >> that is crazy. the reason for it they're saying listen we're seeing this record growth. opec is not going to, slow back on production. we're overproducing three

million barrels a day. we'll keep producing oil until no place to put it but swimming pools. >> i know you don't give opinion but does that seem outlandish? >> it is totally outlan ish unless you believe the global economy gets back into kind of 2008 depression, that is my belief. we're hearing these prices, biggest capital spending cuts in the history of the energy industry. 20 billion barrels of oil already have been shelved. we'll need oil some day and it will not be there. >> quickly, phil, a lot of people are enjoying last summer weekend or one of the last ones, jumping in the cargoing somewhere, we continue to see prices fall at gas pump? is that making a difference? will they fall some more? >> they will fall some more. the pressure we saw in prices will come down so that whiting refinery will put pressure on the downside. enjoy this weekend. use a lot of gasoline. it will be cheapest it has been for many, many years. >> we will.

you too, phil. phil flynn senior market analyst at price futures group. >> visit everybody. get in the car. step on the gas. investors keeping an eye on the federal reserve sum it underway in jackson hole, wyoming in. it is drawing attention because of wild trading we're seeing in markets this week. tomorrow feature discussion on global inflation by the fed vice chairman stanley fisher, bank of england governor, mark carney and the bank of india governor as well. federal reserve chair janet yellen skipping this year's gathering all together. but there are a group of protesters that certainly showed up. they're called fed up. get it? they are attending the event for second time. they're a liberal coalition made up of community activists groups, wants the fed to hold off on possibly raising interest rates at next month's policy meeting. they draw a whole slew of people saying don't raise rates, imf,

pboc in china and sent their message to janet yellen. i don't think janet yellen listens to anybody except their own team. >> 2:00 p.m., september 17th. i can't wait for what the fed has to say. carl icahn found another target. he bought 8 1/2% stake in freeport-mcmoran worth $900 million. according to a securities filing, icahn says the mining company shares are undervalued and wants it to cut spending and cut executive pay. he might seek a seat on freeport-mcmoran's board. look at shares in the premarket. they're trading higher, building on yesterday's gain when freeport said it would slash capital spending next year and slash jobs. job cuts here in the u.s. >> that is a gain of about 10%. it is down about 55% this year. he is getting in. we haveto ticks for you. donald trump defending his hair, yes his hair after hispanic radio host nicknamed the gop presidential frontrunner the man of the toupee. >> i don't wear a toupee.

it's my hair! i swear! come here. come here. come here. come here. i'm going -- we're going to settle this. is it mine, look? >> it is. >> it is. say it, please. >> yes, i believe it is. >> thank you. >> leaves no question unanswered, huh? willing to answer anything at this point it seems. meantime donald trump saying he and senator ted cruz are planning to appear together at a capitol hill rally, against nuclear deal with iran. that will be in the next few weeks. so you will have trump-cruz tying up. that is interesting. >> the reason donald trump is ahead in all the polls, he is sheer entertainment. you can't deny that from the guy. this is also going on the campaign trail. hillary clinton comparing republican presidential candidates to terrorists. she did that last night at a rally in cleveland. >> extreme view about women, we expect that from some of the terrorist groups.

we expect that from people who don't want to live in the modern world. but it's a little hard to take coming from republicans who want to be the president of the united states. >> the democratic front-runner saying the gop candidates are dead wrong for 21st century america while discussing their views on women's issues including abortion. the republican national committee calling on clinton to say, i'm sorry. nicole. >> really want to know what you think. do you think that is a fair comparison? coming up tropical storm erika batters the caribbean and may soon be headed to florida, we have our own fox meteorologist maria molina. she is tracking that storm, especially if you're living in florida, you want to know. u.s. stock futures down 136 after gaining 1,000 points in two days. and, you are watching "fbn: a.m.." we have you covered.

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>> let's takes a look at u.s. stock market futures this morning. the dow down about 119 points, s&p down 14, nasdaq down 26 points. quickly, how much would you pay for dinner with donald trump? thomas says most he would pay is $500. he is a huge trump fan. zero is what david says. >> i saw michael. he said 1,000. how much would you pay? we're not going. i don't know donald trump is saying you have to fork it over. thanks for writing in. we like that. we ask you questions and you

write back. that's great. tropical storm erika not great, pounding eastern caribbean island of dominica. the latest from fox news meteorologist maria molina. >> that's right, nicole. we have tropical storm erika in caribbean producing significant flash flooding. it has maximum sustained winds at 50 miles an hour. it is difficult to find center of circulation. with these storms you want to find a sign that the storm has good structure and intensifying. it is disorganized. strong winds continue to blow over and that is a, not a good thing for tropical systems. model consensus that it survives out of the caribbean and potentially reintensify across parts of the atlantic, still to remain tropical storm and bring impacts to the southeastern u.s. as we head into early next week. >> maria, we know you will keep us updated. have a great weekend. >> you too. >> stay with us. everybody. we'll be right back after this.

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>> let's take a look at the global markets. one thousand points in the dow on two days of heavy volume. see what europe is doing. they have been gaining momentum. ftse and cac do have up arrows. ftse up one quarter of 1%. dax still in negative territory. heavy volume. biggest surge in points in seven years. the dow is looking down. the futures are down 110 point right now. checking in on commodities, oil surged 10%. that was most we've seen in six years. that was a huge move, right? pulling back a little bit. we'll send it over to "mornings with maria." sandra smith in for maria bartiromo. good friday morning to you. >> good morning to you, nicole. we'll see how it all ends today. with futures pointing to losses

on the open with dow futures currently off 111. good morning everyone, i'm sandra smith. maria bartiromo has morning off. it is friday august 28th. with me this hour we have a freight lineup for you. fox business's dagen mcdowell. bnp paribas, darren wolvesburg and david tavella to bring in the energy this morning. futures pointing to lower open for u.s. stocks. dow futures pricing in a triple digit loss early this morning. dow futures off 117. s&p futures off about 15. we're watching oil price this is morning. what a day it was for crude oil yesterday. prices soaring 10% in yesterday's session. right now oil falling off just a bit. off a third of a percent. we'll look at that firmly above $40 a barrel.

european markets opens a short time ago. cac and dax are currently trending lower. dax in germany leading to the downside off one half of 1%. it is still early action showing. >> i don't wear a toupee. it is my hair. i swear. come here. come here. come here. come here. i'm going, we'll settle this. is it mine? look. >> it is. >> it is. say it, please. >> yes, i believe it is. >> thank you. sandra: what is morning without a little donald trump in south carolina thursday where he decided to tackle a major campaign issue, his hair of course. trump went on to bash republican rivals including jeb bush who he continues to call weak. facebook hitting a major