tv FBN AM FOX Business October 7, 2015 5:00am-6:01am EDT
5:00 am
>> nicole: breaking news this morning. stock open higher on wall street. check out the stock market futures right now. dow is up 125, s&p at 15. looks good so far. i'm nicole petallides. >> cheryl: good morning. oil has closed to 50 bucks a barrel. >> nicole: breaking news this morning, tough times for auto industry, union threatens strike as soon as tomorrow.
5:01 am
>> cheryl: also breaking today a battle in the business as they make $1.4 million, brings together budweiser, corona and miller. >> nicole: former president appearing on the late show with steven. >> cheryl: danger continues. we are going to have the latest from there. good morning, everybody, welcome to fbn:am. >> nicole: well, this is going to be a great one today. so much happening. let's look at u.s. stock futures. asian market for you, nikkei, all to the upside.
5:02 am
some people are watching whether they'll do it at the end of the month. up 3%. >> cheryl: ftse about 49 points. a gabe of almost 1%. cac up up almost 1%. >> nicole: energy has been the star of the market. s&p 15 and nasdaq bouncing back, that was the worst yesterday, it's looking the best. >> cheryl: oil is one of the reasons that we saw the market taking off. take a look at crude. 49.56. a gain of more than 2%. gold is trending a little bit higher but only by $2, really the story is oil. >> nicole: let's take a look at the currency. euro weaker but everything
5:03 am
pound, canadian dollar peso and yen all stronger this morning. >> cheryl: take a look at the yelled, a little higher 4.4 basis points. >> nicole: there's trouble, walk off the job of chrysler tonight. it will be the first work stoppage since 2007. they had rejected a proposed contract but does say that negotiations are continuing with fiat chrysler, it runs out at mid night tonight. we will keep you posted on that. >> cheryl: volkswagon a recall of cars by scandal will start in january. they hope they can be fixed by the end of next year. 11million vehicles worldwide had
5:04 am
diesel engine with software use to cheat in u.s. emission test. some vehicle could need new ejectors. >> nicole: we are talking volkswagon and audi. they are trying again sweetening the whole thing. brewer of corona. $4billion. this is a third offer it has made for asb miller. meantime, they are saying, it doesn't value the company properly. they are still fighting back. the combined company would have a major presence in u.s., china and africa as well, latin america, austria, it would create significant value. again, they are not liking the
5:05 am
offer. they want even more. we'll see what happens. >> cheryl: let's go from beer to food. the company cut full-year profit forecast slower than expected recovery in the country and the strong u.s. strong. the yum has been dealing with scandal in china. parent of kfc and pizza hut restaurants also disappointing third quarter results. >> nicole: down 18%. that's going to be a tough one, though. employees of online fantasy sports sites using inside information for payouts. this has been alleged. the network is cutting sponsors, drafting contents within the show, it continues to broadcast
5:06 am
commercials from the daily fantasy sports site. a range of internal data and details and how they prevent fraud. eric fisher says the scandal could lead to regulation. >> many repercussions. there was already a push to have greater legislation on both the federal and state, that's certainly going to increase. >> draft king pulled advertising from espn yesterday. it's not clear if it was just for one day. twenty-first century fox is an investor. maria bartiromo will have jason robins, make sure to stay tune for that. >> cheryl: republican candidate ben carson responding to some
5:07 am
criticism over his comments on last week's shooting rampage in oregon. he would have called on people to fight back against the gunman he was clarifying those comments. >> these incidents continue to occur. i doubt that this would be the last one. i want to plant the seed in peoples minds so that if this happens again, they don't all get killed. >> cheryl: in his new book, carson says that americans must be able to possess assault rifles and ammunition to defend themselves. >> nicole: fbi investigation now to a second tech company, investigators contacted the connecticut-based firm and asked
5:08 am
them to preserve all data from clinton. the fbi has been trying to recover emails, deleted by her and republicans demand to know if any of them were work related that should have been turned over to the state department. >> cheryl: well, let's stay on politics for a moment. hillary clinton bringing out the big guns. her husband bill clinton stopping by the late show with stephen colbet last night. the apel behind bernie sanders and donald trump and invoking recent snl appearance. >> democrats have been more effective if they move forward to the left. >> please try to be impartial here. who do you think is most qualify
5:09 am
ied? >> the lady i saw on snl. >> why do you think donald trump is so popular right now? >> cheryl: clinton addressing the rumor that he asked donald trump for asking for president. >> did you call donald trump and ask him to run for president of the united states? >> no. >> that would be pretty smart, man. >> i had a long conversation with him. i missed the chance. [laughter] >> cheryl: good for him for asking. clinton's appearance as he takes a visible role. >> nicole: very poynant question had to be asked.
5:10 am
rain caused massive floods and dams have been breached across the state. several rivers have yet to reach its peak. >> we need to be careful and just because the sun is out we are now looking at down streams, waters and other what areas that are going to be affected. >> nicole: likely to flood again. it's not so easy as the governor said, cheryl, it's stillwater, it's sitting there. there's worried about the drinking water. they can't pick it up and get it out. >> cheryl: i know that we are worried about some more dams today as, of course, the sunrises in south carolina.
5:11 am
iraq lawmakers urging russia to launch. politicians dominate the government. russia is currently connecting air strikes in syria in support of that country's leader bashar al-assad. >> nicole: justice department said to release about 6,000 inmates serving sentences for drug month. it's a cost-cutting measure intended to reduce prison population. inmates are among the first of could eventually be tens of thousands who are eligible for release. most of them have served about ten years or even more. drug offenders are half the federal prison population and there's a group of these prisons
5:12 am
that will face deportations, but this is controversial issue also. >> cheryl: it certainly is. but we have a lot of things coming up in this show and we have to bring you sports news this morning. houston astros win the al wild carld -- i said aol. new york yankees, they are going home. we are going to have the highlights for you. >> it hurts. we just didn't get it done. >> cheryl: okay, we are going to have the highlight and we are keeping a close eye on crude oil prices this morning which continue to rally now near 50-dollar-barrel mark. the dow jones looking to a nice higher open up 11 points. s&p higher by 13, nasdaq up almost 1%. you're watching fbn:am, first look at morning markets and breaking news. ♪
5:13 am
♪ ♪ the great beauty of owning a property is that you can create wealth through capital appreciation, and this has been denied to many south africans for generations. this is an opportunity to right that wrong. the idea was to bring capital into the affordable housing space in south africa, with a fund that offers families of modest income safe and good accommodation. citi got involved very early on and showed an enormous commitment. and that gave other investors confidence. citi's really unique, because they bring deep understanding of what's happening in africa. i really believe we only live once,
5:14 am
and so you need to take an idea that you have and go for it. you have the opportunity to say, "i've been part of the creation of over 27,000 units of housing," and to replicate this across the entire african continent. when laquinta.com sends craig wilson a ready for you alert the second his room is ready, ya know what he becomes? great proposal! let's talk more over golf. great. how about over tennis? even better. a game changer! the ready for you alert, only at lq.com.
5:15 am
the internet of things. what we're recommending as your consultants... the new consultants are here. it's not just big data, its bigger data. we're beta testing the new wearable interface... ♪ xerox believes finding the right solution shouldn't be so much work. by engineering a better way for people, process and technology to work together.
5:16 am
work can work better. with xerox. >> cheryl: take a look at stock market futures. dow right now higher open 117 points there. s&p higher by 14 in the premarket and nasdaq 30%. that's a big story. definitely going to be oil today. if we go about 50 bucks mark today it's going to be -- >> nicole: that's right. it's up 8 and a half percent. that's keeping the market alive. one thing going for us. houston astros blast the yankees
5:17 am
3-0 in the american league wild card game. first pitch and astros defending al champions thursday night in kansas city. yankees are -- >> cheryl: aw. >> nicole: tough loss to take. >> seasons end abruptly and it's very difficult. this was a club that fought all year long and there's a lot of character in that room and this hurt. we couldn't get it done. >> nicole: that's tough. we have the mets. opened series against the dodgers on friday and pitcher in hot water harvey apologized for
5:18 am
arriving late but didn't give the reason why he was late, alibi, where was he. just do a good job harvey. winner advances against the st. louis cardinals, the loser eliminated from the playoffs. loser goes home. >> cheryl: let's take a look at the wednesday forecast with maria molina. >> maria: i want to talk about south carolina for a moment, although the rain is over out here across the state, a lot of the showers have moved on shore. a lot of the tropical moisture. river flooding continues to be a big concern out here. we still have warnings in effect.
5:19 am
so we could continue to see those conditions worstening -- worsening across south florida. parties of texas and new mexico. cheryl. >> cheryl: all right, maria, thank you very much. hillary clinton campaign is letting the big dog lose on the campaign trail. >> did you call donald trump and ask him to run for the president of the united states? [laughter] >> no. >> cheryl: we are going to tell you what else bill clinton had to say. tough times for auto makers, we are going to have the latest for you. u.s. stock index, positive hope for the markets. nearly 1%, s&p 14 and nasdaq
5:23 am
5:24 am
the media focus once again today, oil has closed to $50 of barrel. >> cheryl: that is a big story. we have breaking news for u.s. auto makers tough times may get tougher in the auto industry. union threatens a strike as soon as tomorrow. >> nicole: breaking today in battle of the beer business heating up as sab makes a 104-dollar bid, the second largest company, sab miller, we are talking miller, this combination of the two will control 30% of the beer business in the world that brings together budweiser, corona and miller. >> cheryl: in politics bill clinton hits campaign trail. appearing on the late show with stephen colbert.
5:25 am
>> nicole: we will have more of the latest going on there. welcome to fbn:am, first look at market and what to expect on the day ahead. things are looking good so far. >> cheryl: looking good for a wednesday. let's get you caught up on global action happening overnight. european are trading higher as you can see, the ftse 100, up by h 4, dax up 1%. >> nicole: who cares, right? we are up for the month, looking good, dow futures 117, s&p 14 and a half and nasdaq 38 and a half. >> cheryl: 49.44, nearly 2%. 50 bucks a barrel.
5:26 am
gold on your screen, gold is higher but just a fraction. the story definitely is oil today. >> nicole: euro is weaker the uk pound, mexican peso and japanese yen all stronger this morning. >> cheryl: look at the yelled up 7%. >> we had a lot of news from asia this morning. we'll have the latest here on the asian markets. we go straight over to rachel live in beijing. good morning to you, rachel. >> good morning, nicole, energy shares are giving them a boost. major industries here a much needed help. nikkei climbs three quarters of a percent, afternoon between gains and losses and they would announce they could keep current policy unchanged. many analyst had expected to
5:27 am
expand program, disappointing data recently. the south korean with help electronics, announces expecting an 80% increase in operating profit in the third quarter of the year compared to a year earlier. hong kong rose on top of those shares, rising more than 8%, and the shanghai come -- composite closed today for holiday. >> nicole: 8%. i was on my way downstairs i caught a peek of it. >> cheryl: members of the united auto workers plan to walk off chrysler. that would be the work stoppage since 2007.
5:28 am
the union has rejected proposed contract but does say that negotiations are continuing, the deal runs out midnight tonight. we'll keep you posted. >> nicole: we have to watch ford, general motors, this is supposed to set the standard for the big three. how about volkswagon, recall of cars, rigging scandal will start in january. he hopes that that can all be fixed by the end of next year, vw said up to 11 million vehicles worldwide had diesel engine that was used with software that would cheat u.s. omissions tests. telling newspapers that in most cases software update, we'll take care of the problem. some vehicles could new ejectors, volkswagon, audi, big year. >> cheryl: here is the beer story for you this morning.
5:29 am
apparently thirsty to acquire sab miller. world's largest brewer, budweiser, corona, increased bid for largest value, $104 billion. this is the third offer it has made for sab miller. the combined company would have a major presence in china, europa, africa and latin america. sab miller largest shareholder said the latest offer could increase shareholders. >> nicole: yeah, both of those stocks are winners. sab miller saying hugely undervalue for their company. they want more. employees of online fantasy sports sites are allegedly using inside information not available to the public to earn big bucks.
5:30 am
on the other side, espn cutting drafting contest within the shows but continues broadcasting the commercials from the daily fantasy sports site. they began inquiring for range of internal data, details how they prevent fraud and eric fisher of sports business journal said the scandal could lead to regulation. >> there are many repercussions. there was a push to have greater legislation on both the federal and state level around fantasy important. that's essential going to increase. >> pulled advertising from espn yesterday. it's not clear if that was just a one day-only thing or will continue. 21est century fox is an investor. this morning at 8:45 eastern time, cheryl. you have to stay tune for that. they're talking the win-loss
5:31 am
record of these playerers and determine pricing of athletes. everybody would love to have this kind of information. >> cheryl: a lot coming up. maria will be digging up in just a little bit. we have a new bud light refrigerator that tells you how much beer is in the bridge and when it reaches optimal temperature. we don't leave nothing off the table. you're watching fbn:am first look at morning marketing and latest news. ♪ ♪ ♪
5:35 am
they become frozen, but the people who take action, are far more likely to get the most positive outcome. call this free government program for the oion that's right for you. >> nicole: u.s. stock market futures looking good this morning. dow futures up 115, s&p 13 and a half, nasdaq bouncing from the most of the three. biotech got hurt, looking oil eight and a half, up almost 2%. 49.45. >> cheryl: bud light wants to make sure you never run out of brew while you are home. they are rolling out the bud, how many bottles or cans you have left and it will also let
5:36 am
you know when the beer is chilled to the right temperature of just below 32-degrees and also works with an alcohol delivery service that you're always going to have enough bud light on hand. it's available in california 299 with discount. a lot of people are going to want it nationwide. >> nicole: where do we start in first i like the name. if you're going to have a beer, it better be supper -- super cold. >> cheryl: i'm just saying. a thought. >> nicole: many are working through stadium with nothing with smart phones. they shun the traditional tickets. you want to save them. over 90% of the baseball
5:37 am
transactions are labeled instant download and can obtain copy of digital tickets. ebay works with 23 major league baseball teams. she went on a date with her now husband and they saved the stub. that's what you're supposed to do. come on, people, where is your sentimental side? >> cheryl: all right. coming uphillly clinton campaign letting the big dog loose on the campaign trail. >> did you call donald trump to run for president of the united states? [laughter] >> no. >> we are going to tell you what else bill clinton had to say when he spoke with stephen colbert. united states auto makers threatened chrysler tomorrow.
5:38 am
5:39 am
proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world.
5:41 am
5:42 am
oil has close to 50 bucks a barrel. that's the story to watch. >> nicole: breaking news this morning, tough times may get tougher for auto industry as the united workers union threatens to strike as soon as tomorrow. >> cheryl: also breaking today battle of the beer business, 104 billion-dollar bid for the second largest beer company in the world. combination would control 30% of the beer business in world and bring together brands like budweiser, corona and miller beer. >> nicole: in politics bill clinton hits campaign for hillary. wait for that. cheryl herl that's great. we are watching developments in south carolina, the rains maybe gone but danger continues. more than dozen dams bursting across. we are going to have the latest for you. good morning, first look and of
5:43 am
course, what to expect in news ahead. >> nicole: that's right. we are watching oil. there's labor trouble. they plan to walk off the job at chrysler plants and that will be as soon as tonight. it would be first work stoppage since 2007, the union is rejected a proposed contract, it does say that negotiations are continuing with fiat chrysler, current four-year deal runs out at midnight tonight. stock close at 14.25 yesterday. we'll keep on eye on this one, cheryl. >> cheryl: also watching vocwag oan, new ceo recall of cars hit by the company in omissions rigging scandal, hoping they would be fixed by next year. 11million vehicles worldwide had diesel engine used to cheat in omissions testing.
5:44 am
in most cases, software update will take care of the problem, but some vehicles could need new injectors and new catalyzers. >> nicole: thirsty to acquire miller. also corona has increased bid for largest riffle. the deal valued at $104 billion. ab says this is third offer it has made for sab miller, combine company would have a major presence in the u.s., africa, latin america, austria, the latest offer would create significant value and have been trading higher in the premarket, sab saying, you know, what, you need to offer even more. >> cheryl: yeah, a lot of businesses have been great to watch. we're also watching another
5:45 am
story for you. the fallout has gun. after business closed employees of online fantasy sports sites are using inside information not available to the public for big payouts. the network is cutting sponsored draft king from shows, and the new york attorney general began an inquiry yesterday asking draft king for a range of internal data and details and how they prevent fraud. eric fisher of sports business journal says the scandal could lead to regulation. >> there more repercussions. there's a push to have greater legislation on both federal and state level on fantasy sports. that's certainly going to increase. >> cheryl: it's not clear if that was for more than just one day.
5:46 am
21est -- 21st century fox is an investor. >> nicole: fantasy sports are huge, huge, everybody is involved. you can't just ges. -- guess. let's turn to the campaign trail. ben carson responding to criticism. in an interview with fox and friends he said he would have called people to fight back against the gunmen he was clarifying those comments. >> these incidents continue to occur. i doubt that this will be the last one. i want to plant the seed in people's' mind so that if it happens again, they don't all get killed. sometimes you have to look at the picture and listening to
5:47 am
people stirring up controversy. >> nicole: should be able to carry riffle and am nuición -- ammunition to defend themselves. >> cheryl: hillary clintonbringr husband. former president talking politics and why he think bernie sanders and donald trump are doing so well and invoked hillary's snl appearance. >> so the democrats are more effective as they move toward the left. >> please, try to be impartial here. who do you think is most qualified? >> the lady i saw on saturday night live. >> why do you think donald trump is doing so well? >> there's a macho appeal to
5:48 am
saying, i'm just sick of nothing happening, i make things happening, vote for me. >> cheryl: he asked donald trump to run for president. >> did you call donald trump and ask him to run for president of the united states? [laughter] >> no. [cheers and applause] >> because that would be pretty smart, man. >> i had a pleasant conversation with him, so i missed the chance. >> cheryl: clinton appearance comes as he takes a more visible role. >> nicole: it was almost like a yes or no question, yes or no. he actually elaborated. we had a great conversation and had nothing to do with running to office. really getting rid of the idea 100%.
5:49 am
we have to go back to a story, recovery efforts underway in south carolina, historic rains caused massive floods. national guard is trying to bolster waterway, several rivers have yet to reach their peak. >> we need to be careful. just because there's no rain or or sun is out, we are looking at down streams, waters and other areas that are going to be affected. >> nicole: likely to flood again, huge massive water flows toward the sea. they need to be careful with drinking water. ongoing crisis there. >> cheryl: also we're going to be looking at some sports news. houston astros win the al wild card and move on. the new york yankees go home. >> there's a lot of character in that room and it hurt us.
5:50 am
we didn't get it done. >> cheryl: all right, we are going to have the highlights. we are keeping a close eye on crude oil prices which continue to rally now. we are pushing the 50 bucks mark . we'll be right back. ♪ ♪ ♪ you focus on making great burgers, or building the best houses in town. or becoming the next highly-unlikely
5:51 am
dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new business started. we're legalzoom and we've already partnered with over a million new business owners to do just that. check us out today to see how you can become one of them. legalzoom. legal help is here.
5:53 am
5:54 am
from markets to sports. houston astros are moving on to the al division series. the new york yankees going home. astros blanked the yankees 3-0 last night at the american league wild card game. dallas pitched for six innings. yankee manager says it was a tough loss today. >> it's very disappointing. seasons end abruptly and it's very difficult. this was a club that fought all year long and there's a lot of character in that room and it hurst, and we just didn't get it done. >> the new york mets opened the nl playoff series and already pitcher harvey is in hot water. he missed a mandatory practice. he didn't give a reason when he
5:55 am
5:58 am
>> nicole: we are seeing the dow up 82 right now. s&p just over 10. earlier high in the morning. still looking good. oil certainly propelling in this group to the upside. oil up 8 and a half percent. look at that, almost up 2%. right now getting close to 50 bucks. we have much more in the next few hours ahead. mornings with maria begins with maria bartiromo. good morning, maria. >> maria: good morning, everybody. i'm maria bartiromo. happy wednesday. it is wednesday october 7th, with me this hour, we are
5:59 am
talking markets coming up. fantasy football in question again. the fantasy sports site under fire after it was revealed that they were using inside information on competitor site. they began an inquiry yesterday for a range of internal data and details on how they prevent fraud. we will talk with ceo of draft kings today jason robins, will be my guest at 8:00 a.m. hour. general motors, chief economist comparing the current decline in prices to 1985 when oil crashed after a six-year, check the oil this morning and gasoline right now, we are looking at crude at
6:00 am
49.44, that's up almost 2%. equity is looking up today. futures showing u.s. expected to open higher. take a look. industrial average, 78 points, nasdaq up by almost 30. engine land, france, germany, a third and 1% overall. announcing it has increased its stake in twitter. now 35 million shares. that's 5% of twitter owned by prince and kingdom holdings. this comes after one year after investment strategy when it comes to twitter. >> trying to give it and in the united states and this is flying companies in the arena. we are very focused to invest in companies and many companies come to us in this arena and
305 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on