tv FBN AM FOX Business October 27, 2015 5:00am-6:01am EDT
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♪ ♪ ♪ >> cheryl: breaking news this morning. two-year budget deal but the deal faces a vote today in the house. good morning, everyone, i'm cheryl casone. >> nicole: investors still wait reports. we are seeing dow futures down and s&p futures just down over 2. >> cheryl: ben carson sugaring in iowa, we are going to have the numbers for you. >> nicole: wal-mart wants to
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take arch rival. we will have the latest on the retail drone war. in sports arizona cardinals with game-late charge. mets and royals finally get down the business t world series begins tonight. we are going to have all the highlights for you. latest breaking news. >> nicole: congressional leaders reaching deal in the white house. extend the nation's debt limit to march of '17. same house conservatives who forced the resignation of john boehner. rough start for congressmen paul ryan who is said to be elected speaker on thursday. >> we are about to transition to a new speaker, it is important that we have the question of --
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of speaker to be ryan, what leadership role will he take, is he comfortable inheriting the deal. i think it's a combination of yes, i think you have the majority, but you'll also need to have the new speaker in lead in this process. >> potential vote in the house is expected as early as today. >> cheryl: now to campaign trail, everyone. ben carson is leading in iowa with 32% support while donald trump gets 18%. that is a 9 point gain for carson while trump has lost 5 points. carson has one three -- two of the three polls in the united states. >> you don't produce jobs through any kind of stuff like that. you don't get to the point where
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you embarrass people, you don't get to the point where you pound them over the head. i know that they're gnat going to come to your place and create jobs because you yell at them. >> cheryl: well you, want to make sure you tune in for the wall street republican debate here on the fox business network. >> nicole: jeb bush and his brother gathering with top campaign donors. he also said jeb bush is experience as florida's governor will ultimately win over voters with fewer than 100 days for debate. >> cheryl: president obama going to be in chicago today, he's expected to make a pitch for
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stronger gun laws, chiefs of police, police chiefs from across the united states, called for universal background checks for firearms purchases. most american support gun laws. disagree with comints made by fbi director on friday. he added scrutiny of law enforcement and that had made police less aggressive. >> nicole: will testify about the panel's findings on the irs seeking status and justice department, it will not seek criminal charges against any irs official, closing two-year investigation, the decision
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called a free pas. >> cheryl: wow, a u.s. navy destroyer entered in south china sea last night. a direct challenge that china claims that it's been territorial boarders, china has been building at miles of shoreline and laying down what looks like military runways. >> nicole: let's take a look. nikkei down almost 1%, kospi down almost 1%. waiting on the fed for two fed meeting. >> cheryl: every major in europe, crack down and dax down 13. we have earnings news. s&p down one and a half.
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nasdaq 6 and a half right now. >> cheryl: gold is down 43.50. incredible. >> nicole: let's take a look at the yen, still higher against the u.s. dollar. the rest of the currency abroad weaker against the green back. >> cheryl: 1 basis point to the downside. two of the biggest names of technology reported after the bell today. andives are looking for -- analysts are looking for iphone
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sales and listening for key holiday season. we are also going to get twitter's latest results. ceo twitter expected to earn 5 cents of shares of $160 million. investors are going to be watching from sam data on number of active users and whether it's going to boost outlook. he recently announced series of moves and that included layoffs. big story at twitter. >> nicole: host of companies with earnings before the bell. the chinese company to improve results from a year ago. profit of $3, $21 billion, investors will be watching impact on consumer confidence and spending, they are optimistic of the fourth quarter
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results. fourty-six cents a share on revenue and americans continue to favor linups of pickups and crossovers. >> cheryl: first one is gm. they have been delivering some of the richest operating process of the company but they decided to go and do something that they haven't done in a long time. give veteran u.s. factory workers a raise. let's talk about goldman sack -- sachs negotiating misuse of supervisory information. when it comes to saving for retirements, huge shortfall in
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financial problems. 55-54, have in annual income in retirement. they do say that they saved, $9,500. >> nicole: they have to save up. monday night football. the mets and the royals finally get down to business in the world series tonight. >> we stepped up to the plait and got back here and now we have to finish the job against mets team. >> nicole: james bond film, we will have that story. let's check u.s. stock futures, we are seeing s&p down 1 and nasdaq down about 6, you're watching at fbn:am, your first look at morning markets and breaking news. ♪
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♪ 40% of the streetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. and folks are making investments and the community is moving forward. 40% of the lights were out, but they're not out for long.they're coming back.
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november 6th. >> nicole: monday night football, arizona cardinals beat baltimore ravens26-18. 62 of those yards came on a play where he rolled over the belly of a big defender and before tony's interception. clinched the victory for nfc leading arizona. finally face off in game one tonight and yesterday was media day where both teams met with national reporters. kansas city waited until yesterday to announce that right-hander will get the start and he will go against harvey for the mets after 19 major league seasons, hunter calling it a career, five-time all-star announcing retirement.
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he spent 12 of 19 seasons. he ended his career yesterday, 40-year-old batted .277. >> cheryl: let's get you caught up on global market. nikkei to the downside, shanghai barely up and kospi down. >> nicole: some down arrows. >> cheryl: u.s. stock market futures looking like this, down but slightly. we are point to go a lower open, one and a half for the s&p and nasdaq down 6. ben carson is going to be sugaring well ahead in iowa. take shots at mr. trump.
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we will have the latest from the campaign trail. a big day ahead for technology earnings, apple reporting reporting quarter and twitter reporting results, we are going to tell you what to expect. finally let's take a look at u.s. stock futures, markets open this tuesday, ewe are watching s&p, first look at -- you are watching fbn:am, your look first at morning markets and breaking news. ♪ ♪
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i just had a horrible nightmare. my company's entire network went down, and i was home in bed, unaware. but that would never happen. comcast business monitors my company's network 24 hours a day and calls and e-mails me if something, like this scary storm, takes it offline. so i can rest easy. what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. >> nicole: breaking news this morning, the deal still faces a
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vote today in the house. good morning to you, i'm nicole petallides. >> cheryl: good morning, nicole, good morning, everyone, i'm cheryl casone, that news should offer relief to the markets but investors are still faced report from tech giants like apple and twitter today. let's take a look at the futures. nasdaq point to go a slightly lower open. >> nicole: new poll shows ben carson surging in iowa, we will have the blow by blow from campaign trail. >> cheryl: wal-mart wasn't -- drone war. >> nicole: the mets and royals finally get down to business in the world series tonight. we will have all the highlights for that. good morning, welcome to fbn:am, first look at markets and what to expect ahead.
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>> cheryl: we do have breaking news this morning. congressional leaders reaching a budget deal with the white house. it would set government funding levels for the next two years and extend the nation's debt limit through march of 2017. this comes after same house conservatives that force resignation of boehner. this budget deal will also avoid a rough start for congressional leader paul ryan who is said to be elected speaker on thursday. >> we are about to transition to a new speaker, it is important that we have the question of speaker to be ryan, what leadership role will he take, is he comfortable inheriting the deal. y, you'll have the majority but you also need to have the new speaker in lead in this process. >> cheryl: expected as early as
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today. >> nicole: campaign trail, ben carson leading in iowa with 32% support while donald trump gets 18%. that's a 9 point gain from carson from the same poll in late august. trump has lost 5 points. meanwhile another republican candidate, ohio governor slamming trump, he barely takes credit for creating jobs. >> you don't get to the point where you embarrass people and pound them over the head. they are not going to come to your place and create jobs because you yell at them. >> nicole: make sure to tune in on tuesday november 10th, republican debate right here on the fox business network. >> cheryl: new york major bill de blasio, he may soon do it.
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according to familiar de blasio will endorse hillary for president. discussions are still underway on two sides and how de blasio of clinton will be announced. >> nicole: irs commissioner back in the hot seat as he appears before senate finance committee this morning. will testify about the findings of irs scrutiny, tax exempt status. justice department announced last week it would not seek criminal justice or any other irs official, closing two-year investigation. the decision angrying republicans who call the move a free pass. >> cheryl: defense department officials say that a u.s. navy destroyer entered waters in the south china sea last night.
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the islands are the artificial islands that china has been building and laying down what looks like military runways. >> nicole: what are we seeing here. the hang seng and kospi, wait and see fed for tuesday meeting. >> cheryl: let's look at european markets, lurch time over there. dax and germany about 9. >> nicole: we are seeing down arrows s&p down about 2, dow futures down 15 and nasdaq just over down over 7. >> cheryl: big week for corporate earnings, two of the biggest name of technology reporting after the bell today, apple fourth quarter profit of 1.88 a share on revenue of
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51 billion, analysts looking for strong iphone sales. investors are going to be listening for guidance which includes the big holiday season. first report for jack dorsey as permanent ceo. revenue of $160 million, investors are going to be watching for data on active user and whether dosey is going to boost for the current quarter. that, of course, was layoffs, that was a big story for us here. >> nicole: indeed, alibaba earnings before the bill this morning. improve results from a year ago. 3.42 cents a share on revenue of $21 billion. investors will be watching
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impact on slowdown, consumer confidence and spending. analysts are optimistic about third-quarter results. fourty-six cents a shir and revenue of $35 billion. americans continue to favor lineup of pickup trucks and cross others. >> cheryl: very popular. let's take a look at your tuesday forecast. we have fox meteorologist maria molina. >> maria: hello, everybody at home. we have that big upper level low that brought heavy rain across texas and louisiana producing flash flooding out there. we are going to be seeing several inches of rain anywhere from parts of tennessee and kentucky. today we are going to be dealing with the rain, you're going to need umbrellas for the third of the nation. you are quite chilly this
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morning, 24-degrees right now as caribou, main, temperatures in the upper 50's, as we head in the afternoon hours like texas, 70's and 80's temperatures for you. just 56-degrees. let's head over to and nicole. >> cheryl: thanks, maria. >> maria: thanks. >> nicole: we will tell you about a new plan for live streaming broadway shows and ready set drone, wal-mart wants to take on riel amazon in the delivery business but are they once again behind the curve. dow futures down about 15, s&p down 2, nasdaq down 7. that's what we are looking at here. down arrows. you are watching fbn:am, first look at morning markets and breaking news. ♪
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♪ jeb bush: this president, with all due respect, believes that america's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east? but for the united states, who?
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who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message.
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smart phones instead of credit card and stores, jp morgan is the first, it is already won endorsement of major group of merchants, companies that can take a per can he be thage of -- per can he be thage of purchase price. >> cheryl: latest move from wal-mart plans to go head-to-head with amazon. now tfaa expected to finalize regulations within the next 12 months faster than previously plan. >> nicole: let's turn it to broadway. new subscription service called
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broadway hd where you will be able to watch on demand or where there's internet connection. $169 per year and can play one specific show. now the producers of broadway hd say that this is how business is evolving and they say they are confident that this will not drop business sales. >> cheryl: i think it's a great idea. other candidates take shots at the donald. >> you don't produce jobs through bomb bas or anything like that. >> cheryl: latest from campaign trail. the head of the irs has the capitol hill, expected to be grilled on the improper scrutiny as tea party groups seeking tax exempt status.
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we are going to have the story shortly. as we go to break check u.s. stock futures ahead of opening bill. slightly open, very small downside number there for the dow, down 12, s&p down as well. you're watching fbn:am, first look at morning markets, breaking news. ♪ ♪ but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier.
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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. >> cheryl: breaking news this morning, white house and congressional leader reach a 2-year budget deal. the deal faces a vote today in the house. good morning, everyone, i'm cheryl casone. >> nicole: good morning, i'm nicole petallides. that news should offer some relief to the market but investors still face key earning reports from tech giants from apple and twitter. we are seeing some down arrows.
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s&p down nearly 2. cheryl casone new poll shows that ben carson is surging with iowa over donald trump, we are going to have the new numbers for you. >> nicole: wal-mart wants to take on rival in drone business. >> cheryl: in sports, cardinals hold off a late-game charge by baltimore ravens and mets get down the business in the world series tonight. we will have all the highlights for you. welcome to fbn:am, we have the latest breaking news, what to expect to your day ahead. >> nicole: a lot of going on. congress moving closer to overting government shutdown. that would set government funding levels for the next two year's and extend the nation's debt limit through march 2017. this comes after the house
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conservative force resignation of boehner tried to block the ceiling height. >> it is important that we have the question of -- of speaker to be ryan, is he comfortable inherenting the deal, yes, you'll have the majority, but you also need to have the new speaker in lead in this process. >> nicole: potential vote in the house is expected as early as today. >> cheryl: wow. now that the campaign for all of you, ben carson has a 14 point lead over donald trump in iowa, according to university poll, carson is leading in the hawk eye state while trump gets 18%. 9-point gain.
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trump has lost 5 points. carson has three of the last major polls in iowa. yesterday said trump said u.s. should not tell countries with large muslims populations to forgive, easier for money putting on makeup and wear traditional muslim covering. meantime, kasich he is falsely taking credit for ford motor jobs. >> you don't produce jobs through any stuff like that. you don't get to the point where you embarrass people, you don't get to the point where you pound them over the head. they are not going to come to your place and create jobs because you yell at them. >> cheryl: you want want to make sure and tune in, republican debate, that's going to be right here on the fox business network. >> nicole: jeb bush getting help from his brother, former
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president george bush. he also said jeb bush experience as florida governor will ultimately win over voters with fewer than 100 days until voting begins, the bush campaign will seek out politician for choice nominee. >> president obama will be in chicago today, he is expected to make a speech. international association of chiefs of police, police chiefs from across the united states who are calling for universal background checks for firearm purchases. opinion polls show that most american support stronger gun laws. the president speech comes after the white house, he said scrutiny of law enforcement may
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make police less aggressive. >> nicole: irs commissioner, testify about the panel's findings on the irs improper scrutiny seeking tax-exempt status. it would not seek criminal charges or any other irs official closing its two-year investigation. decision angrying republicans who call the move a free pass. >> cheryl: defense department officials say that a u.s. navy destroyer entered china sea last night. it's armed with my sills. direct challenge to china's claim that it's within territorial boarders. the islands are the artificial islands that china has been building and laying down what looks like military runways.
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>> nicole: let's get you caught up, hang seng and nikkei down almost 1% and kospi pulling back about two tenths of one percent as they wait on the feds. >> cheryl: ftse down about 22 points, dabbing dax down 18 points. >> nicole: dow futures down 16 and s&p almost 2. >> cheryl: checking on key commodities, we are down once again, loss of 29 cents an oil. >> nicole: when you look at the currencies, japanese yen stronger than u.s. dollar, everything else, mexican peso all weaker against greenback. >> cheryl: we are trading down four basis points. yield at 2.50%.
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two of the biggest names in tech reporting after the bell today, apple expected to report a fourth quarter profit of 1.88 a share. analysts are looking for strong iphone sales driven by release byics and six plus last month. we are also going to get twitter's latest quarterly report. first report for jack dorsec as company ceo. nearly $560 million. investors are going to be watching for data on the number of active users and dorcey will boost the outlook. a series of moves boosting the company's performance, that included layoffs and a lot of questions for layoffs, which is surprising. >> nicole: right, i want to see the user growth as well. host of companies out with
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earnings before the bell this morning. chinese commerce company improve results from a year ago, a property of 3.42 a share. now investors will be watching for china's economic slowdown on consumer confidence and spending. analysts are optimistic about ford's third quarter results, expected to earn 46 cents a share, americans continue to favor its line of pickups and crossovers. cheryl cher here is a look atth, gm to boost u.s. workers pay, delivering the richest operating properties in 107-year history, factory workers a raise. 50 million-dollar fine over the release of new york fed secrets, goldman sachs are negotiating a 50 million-dollar fine over bank
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employee's misuse information. baby boomers, hugely, staggering shortfall financially, boomers would come 36,000 short expected of what they needed to retire. big situation for the boomers. >> nicole: i talked to a lot of them. health care as well. coming up we are talking about sports, in monday night football the cardinals held up a late charge by the ravens and mets and royals finally get down to business in the world series tonight. >> we stepped up to the plate and got back here and finish the job against the mets team. >> nicole: in london, premier for jaim bond film. we will have that story.
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let's check index stocks for you. s&p down one and a half and nasdaq down 6. you are watching fbn:am, first look at morning markets and breaking news. ♪ ♪ which allergy? eees. bees? eese. trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! patient care can work better. with xerox. that's it. how was your commute? good. yours? good. xerox real time analytics make transit systems run more smoothly... and morning chitchat... less interesting. transportation can work better. with xerox. so wi got a job!ews? i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals?
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were greeted by director méndez. twenty-fourth installment of the james bond franchise and daniel craig will play james bond for the fourth and possibly final time. opens on the u.s. on november 6th. >> cheryl: we like him. we also like sports. big new york story. first let's go to monday night football. arizona cardinals hold a late rally to beat the baltimore ravens, 62 of those yards came on a play where he rolled over the belly of a big defender and then he kept running. baltimore drove to the four before interception deep in the end done for nfc leading.
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arizona. new york mets and kansas city royals finally face off. yesterday it was media day, both teams met with national reporters and it was one last work out before the series began. kansas city waited until yesterday to announce that right-hander will get the start. he's going to go against matt harvey for the mets. 4-0 last night. 29 shots for a shutout. goal came in the third period. new york improve 6-2-1. >> nicole: let's get you caught up on the global market action that we have been seeing in asia. hang seng and shanghai, the nikkei is the one on the downside, 1 full percentage
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point. >> cheryl: right now the ftse is down, cac down and dax in germany down, not much out there. >> nicole: dow futures down 12, s&p down one and a half and we are waiting on earnings reports. >> cheryl: let's get you caught up with forecast with maria molina. >> maria: hello, everybody at home, we are tracking low pressure moving across the southeast today. you are going to live umbrellas because that system is going to be moving through today, 1 inch of rain or even 3-inches locally in some areas. slow commute for you as we head out to work. by tomorrow dealing with heavy rain across parts of northeast and portions of the midwest, by the way, behind the storm system come wednesday we are going to
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be looking at snow coming down like places like minnesota and a couple of inches sticking on the ground. temperature wise this morning, cold side like new england, 24-degrees right now in caribou, main, parts of the plains, not bad at all, afternoon temperatures 70's and 80's, it's going to be pleasant out there. >> cheryl: stay with us, we will be right back. ♪ 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.
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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, 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.
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chemical company. that was a winner as well bp. ftse is down one-third of one percent. u.s. stock and index futures, smooth earnings, just to name a few. we are going to see s&p futures down one and a half this morning. we are seeing 46.64, gold also lower, the yen has been the story, strength against the u.s. dollar, let's take a look right now 2.05%. we have mornings with maria coming up. this morning we will be saying hello to sandra smith. >> sandra: good morning, sanda -- sandra smith, with me dagen
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mcdowell. debt deal on capitol hill. reaching an agreement on two-year budget year that extends the debt limit. final act for speaker john boehner who is said to leave office on friday. problematic for likely replacement congressman paul ryan, conservatives will not support raising the debt limit. >> we are about to transition to a new speaker, it is important that we have the question of -- of speaker to be ryan, what leadership role will he take, is he comfortable inheriting the deal, yes, i think you'll have the minority but you'll also need to have the new speaker in the lead in this process. >> sandra: more on that in just a bit. 2016 race, donald trump losing more ground to ben carson in iowa. latest university poll. showing carson has a double-digit lead over trump.
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32% to 18%. this coming as trump made another round of comments more on that straight ahead. showdown at sea, we continue to watch this story develop, the u.s. sending a warship near one of the china's artificial island. it is a busy tuesday on earnings and economic calendars, we are getting earnings from big names, alibaba, ford. ahead of all of that we are looking at futures markets here in the u.s. point to go lower open on wall street, dow futures down 8. both apple and twitter are said to report earnings after the close of trading today. checking in on market action overseas, looking over in europe, trading has gotten
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