♪ ♪ ♪ >> nicole: breaking news this morning, for the first time in 40 years, voters in kentucky elect a republican governor. we will run some of the key election day results, including ohio's rejection of legalized marijuana. good morning i'm nicole petallides. >> cheryl: good morning, checking u.s. stock market futures ahead of the opening bell on wednesday, we are pointing to a higher open. >> nicole: on the campaign trail, trump tells rivals they

should run out of the race. >> cheryl: overstated fuel consumption claims. it could cost another $2 million. cubs and tigers top the first college football rankings of the season. kansas city honors world series champs with what else, a parade. welcome to fbn:am, first look at what's moving in markets and what to expect ahead. >> nicole: kentucky has the second republican governor in four decades, businessmen a christian conservative, op on oant of the affordable care act won election. >> this is your kentucky. this is our opportunity, we will seek the future together but we will do it as one kentucky, republican and democrat alike.

>> nicole: meanwhile vetters in mississippi reelected bryan and in ohio, rejected recessional and use of marijuana. in houston, texas, resident defeated city ordinance. >> cheryl: 2016 campaign, donald trump slarving rival ben saron after showed retired neurosurgeon took the lead over him. >> dr. carson is lower energy than jeb bush, i like him a lot. he is not for making deals. ben carson can't do that. it's not his thing. >> cheryl: trump calling some of the gop contenders to drop out. earlier drugger an interview he said jeb bush should drop out of

the race. meanwhile the florida governor fired up yesterday at a barn in new hampshire. >> we are americans, dam it, that's how america has always been. the is a parasite. we are the host. you want to make sure you want to tune it in maria bartiromo, do not forget to mark your calendar for the fox business wall street journal republican debate tuesday november 10th, trish regan and sandra smith will be kicking at 6:00 p.m. eastern time and then nebraska and niel cavuto at 9:00 p.m. eastern time. >> nicole: front runner hillary clinton viewing -- vowing to make tighter gun control. >> we are going to be determined and committed, and we are going

to make this a voting issue. just like the other side does. because a majority of americans and a majority of gun owners agreed with us. >> nicole: while campaigning in early iowa, she plans to push measures of background checks. meanwhile, gun stocks, well, they rallied again yesterday, investors are em betting the threat, gun owners rushing out to buy more firearms and ammunition. that's up about 90% this year. >> cheryl: look at that sharp. the white house plans to continue with the review of keystone pipeline even company behind asked to be suspended.

>> given how long it's taken, it's -- it seems unusual to me to suggest that somehow it should be paused yet again. >> cheryl: many anticipate that president obama will reject. presidential candidates including hillary clinton also oppose the project, but republican candidates support the pipeline. >> nicole: emission scandal at volkswagen continues to grow. the problem could affect 800,000 more vehicles bringing the power gasolined vehicles for the first time. we were talking about diesel, cost could be an extra $2 billion, the company disposed error after conducting after emissions test, vw already railing, that was on 11 million

cars worldwide. that comes on the heels of a 5% lost here in the states yesterday. >> cheryl: japanese auto maker honda honda announcing announcing that it will no longer use takata. massive air bag recall case. the faulty air bag are responsible for eight deaths and more than 100 injuries worldwide. regulators also asked to stop making until the company improve that they are safe. it flew they were defective but failed to recall them in a timely manner. >> nicole: that's right, they had a big payout to pay because of it. lots of up arrows, you have positive comments from president

xi jinping. the hang seng up 2.1%. nikkei and kospi up. >> cheryl: let's see how europe is following with those asia numbers. kind of a mix bag. you have the ftse, the dax in germany down 20 points. >> nicole: u.s. stock market futures have been to the upside, want 2%, dow futures and nasdaq futures up 6. >> cheryl: let's look at oil, a gain of 5 cents, pretty flat so far. gold up $4. >> nicole: let's bring back the greenback. you have the euro and the japanese yen weaker against the u.s. dollar, you are seeing some strength for the greenbacks. >> cheryl: look yield 2.2%.

>> nicole: let's check this out. investors getting tired up about tesla motors, electric car maker said it expects to meet target of producing 50,000 vehicles this year. the forecast overshadowed more red ink, loss of $75 million. hired the foormer google executive as new cfo. >> cheryl: well, the number of e. coli has risen to 35, forced the restaurant chain to close 43 locations. state officials stating that the strength has been identified ant isn't the most severe form of the bacteria. it likely came from contaminated produce. chipotle said it's cleaning and replacing all food within those

restaurants, 12 people have been hospitalized but so far no deaths, there's chipotle mexican grill and the stock has been under pressure since monday when the news broke. >> nicole: potential disaster in the sky. forced to make an emergency parachute landing in arkansas yesterday after running into engine trouble. two passengers in the train and woman who is car was hit, flying for nearby to waco texas where he teaches at baylor university. >> cheryl: very lucky guy. auditing you, they are going down. yes, good morning, the number of audits of individual taxpayers fell to the lowest rate in 11 years last year.

they blame budget cuts. fewer than 1% of individual taxpayers of 2015 physical rate. less money for the irs. revenue from audits declined by 41%. i don't think anybody is upset. >> nicole: that's right. facebook reports earnings after the closing bell today and strong numbers are expected. $43.7billion up from $36 billion from last year. earnings are expected to come in at 52 cents a share and facebook shares are up. 36% from a year ago. so your facebook shareholder happy. we will watch for that. the company said the market cap is $290 billion.

>> cheryl: earnings season is rolling out. we are going to see from time warner and looks like for a property 1.09 a share. 6 and a half billion and 21st century fox expected to report lower earnings of $6.4 billion. twenty-first century fox is a parent company of the fox business network. >> nicole: federal reserve janet yellen to appear and answer actions for bank regulations and overseeing the financial system. the hearing is the first of its kind, yellen is not expected to express specifics. comments will be closely watched. this is the first report of the day, so we will be waiting for the adp report about the nonfarm

payrolls. that's expected to show 180,000 jobs and so obviously they've been somewhat dismal for the job growth. >> cheryl: markets are going to be reacting so that market. there's a lot of big expectations for friday's job report, we are going to have it right here on fox business for you. take a look at the headlines in today's edition of the wall street journal. cad -- canadian crude still flows to u.s. despite keystone pipeline delay. the last one, ab inbev extends bud light's nfl sponsorship, going to continue for another six years, it's valued $1.4 billion. because we can't talk enough about football on the show. >> nicole: they go together on the show, that's right. coming up the tigers top the first college football rankings

of the season and the kansas city honors world series championship. they are looking at that. parade. >> congratulations, you're the greatest team in royal history in my opinion and i'm sure yours too. >> nicole: all the details coming up. john stewart, comedian's return to television. check out the u.s. stock markets futures, up two days in a row. dow futures up 15 and s&p up to half and nasdaq. you're watching fbn:am, first look at morning markets and 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. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. 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? i love that! guys, i'll be writing code

that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition!

>> nicole: let's take a look at u.s. stock index futures.

we are audiotape two days in a row. pulling back, s&p 500 has turned to negative territory. futures still holding onto an 8-point gain. >> cheryl: john stewart is coming back to television. has signed a four-year deal with hbo. he is going to perform digital on current events, had hbo now. while appearing on television 22 minutes a night totally broke him. stewart ended 16-year run back in august and opening up an animal sanctuary. >> nicole: cubs and tiebers are number one rounding up the top five, lsu, ohio state and notre dame. members were impressed it had

beaten four teams. combination of powerful offense and strong defense, kansas city was one royal party yesterday, check it out. hundreds of thousands of fans crowded the city to honor the world championship kansas city royals, big rally, downtown was still crowded, some came left before they even began because the big crowd, royals beat the mets to win the series and they report that manager has been given a new two-year contract. charlotte hornets won the first game of the reason. 130-105. hit nine of ten. just day after signing three year-21-million dollar contract. new york rangers picked up where they left off winning 5-2. stopped 32 shots, first time the

two teams played since new york defeated washington. >> cheryl: coming up donald trump now calling some of the gop opponents to drop out. >> if a person has been campaigning for four or five months and they are at 0 or 1 or 2%, they should get out. >> cheryl: we are going to have the latest from the campaign trail, and correction, what correction? apple stock is 11% this year. we are going to have the story for you. check u.s. stock futures. dow, nas back, mixbag on wednesday. nasdaq up about 4. you are watching fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪

>> cheryl: breaking news this morning, for the first time in 40 years voters in kentucky elect a republican governor. we are going to run key election day results for you including ohio's rejection of legalize marijuana. good morning, i'm cheryl casone. >> nicole: good morning, i'm nicole petallides. dow getting closer to crossing the 18,000 level today. mix bag, s&p just turned negative, dow futures up 6. >> cheryl: donald trump tells gop rivals they should drop out of the race. >> nicole: plunge another 10% overnight. news could cost another

$2 billion. >> cheryl: irs says taxpayer audits have fallen to eight-year low. we are going to tell you. it's not bad news. >> nicole: college football rankings of the season and kansas city honors world series champs with parade. welcome to fbn:am, first look at morning markets and latest breaking news and what to expect for your day ahead. >> cheryl: kentucky has second republican governor in 40 years. christian conservative and opponent of the affordable care act. he won yesterday's election. >> this is your kentucky, this is our opportunity, we will seek the future together but we will do it as one kentucky, republican and democrat alike. >> cheryl: mine while voters in mississippi elected republican governor and in ohio voters

rejected a measure of use of marijuana. in houston, texas, residents defeated ordinance for discrimination. >> nicole: donald trump slamming ben carson. retired neurosurgeon taking a lead over him. >> dr. carson is lower energy than jeb bush. i like him a lot but he's not for dealing, he's not for making deals, ben carson can't do that. it's not his thing. >> nicole: while promoting his new book, trump calling on some of the gop contenders to drop out, he did not call candidates by name at that event, earlier jeb bush drop out of the race meanwhile the florida governor fired up yesterday in a barn in new hampshire. >> we are americans, you have to believe that we are in the

virtue of greatness because that's how america has always been. the government is a parasite. we are a host. >> nicole: make sure to tune in with mornings with maria. don't forget to mark your calendar for fox business wall street journal debate. early debate at 6:00 p.m. eastern time and then join maria bartiromo and niel cavuto for the prime time debate. all right here in the fox business network. cheryl they recall the white house plans to continue with the review of the ce stone pipeline even though requested to be suspended. >> i don't have where it is in the process. given how long it's taken, it seems unusual to me to suggest

that somehow it should be paused yet again. >> cheryl: many anticipate that president obama will reject the pipeline before he leaves office in 2017, democratic presidential candidates including hillary clinton also oppose the project, but republican candidates support this pipeline, and this debate is going to continue. >> nicole: right, certainly ongoing the emission scandal, auto maker says it can affect 800,000 more cars, vw says that the cost of the latest development could be an extra $2 billion or even more. the company disclosed the error after conducting own emission's test, admitted cheating on the emission's test worldwide. auto maker will get to the bottom of the new problem and shares sharply lower, roughly

8%, 10% in europe, 5% yesterday in the states, continues to the down. cheryl chrl yeah, yeah, that company, the stock is under pressure. let's look at global market action for you right now. let's go over what we are seeing in particular with european shares. it's mid-day right now in europe. the ftse is up, a gain there. cac and the dax is down just about 11 or so. u.s. stock market futures looking like this right now. dow, s&p and nasdaq. dow pointing higher by 12. >> nicole: it's been a good day for asian stocks, let's take a look with tracy chang, tracy is a reporter for chinese television station. >> tracy: good morning, 4.3% with every i single sector mark

marking, the hong kong -- sorry, excuse me, stock program will be in place before year end, the same news market in hong kong as well more than 2% and in tokyo japanese stock had 1.3%, gains on wall street overnight and claiming the 1 is 9-thousand level in three weeks. also strong debut and finally in south korea, kospi also landed in the green gaining about two tenths of one percent but investors stay cautious. everybody is loving it. >> cheryl: that was was a huge ipo. stock correction is over.

it ends with somewhat painful period for you. shares were off 10%, concern of slowing demand in china, came better than expected putting the stock back on track. closed at nearly 2% yesterday. >> nicole: well, coming up from the apple products to some beer, guinness says no more fish bladders in beer. we'll explain why. how you reply to your emails and how you should. we will tell you about that. right now dow futures up 11. s&p down a quarter of one point. nasdaq futures up 5. you are watching fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪

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.

if legalzoom has your back.s, over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here.

♪ ♪ ♪ >> nicole: let's take a look at u.s. stock futures. dow up just 10 points. s&p has turned negative. >> cheryl: e-mail users can respond to e-mail faster than ever before. it's smart reply, it will create

reresponses for you. suggest up to three reresponses based on each e-mail and will help users save plenty of time. it will learn and recognize the reply suggestions you pick as well taking notice of the emails that you mark as spam,bigle big brother. it can be found in your inbox updates. >> nicole: it's not just a standard respond, it reads what the person asks you and give reresponses accordingly. >> cheryl: it's crazy. we will have to see what people think when it launches. >> nicole: pintrest. buy all the stuff that you've been pinning. all the trending pins will be in just one spot.

it was available but also now offered to and rhode island users -- >> cheryl: vegan-friendly. it will not contain traces of fish bladders. yes, you heard me right, fish bladders. it uses a by-product, to make the yeast settle faster. starting next year they are basically going to listen to their customers. no word on what they are going to use instead. they have to put some kind of ingredient in the beer, we don't know what it's going to be. for all of you who don't want to have fish bladders in your beer. i'm sorry, that's too early for that story.>> nicole: donald trg on some of the gop opponents to

drop out. >> if a person has been campaigning for four or five months and they're at 0 or 1 or 2%, they should get out. >> nicole: dow futures up 9, s&p and futures 4 and a half. you are watching fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪ ♪

>> nicole: breaking news this morning. for the first time in 40 years, kentucky elects a republican governor. ohio's rejection of legalize marijuana.

good morning, i'm nicole petallides. >> cheryl: good morning. dow getting closer to cross level again. the dow pointing higher in premarket by 10. s&p losing a fraction of ground and nas dag up by 5. >> nicole: campaign trail, donald trump says gop runners to drop out of the race. >> cheryl: fuel consumption claims in gas cars. news could cost vw another $2 billion. >> nicole: irs says taxpayer audits have fallen to an 11-year low. we will tell you why. >> cheryl: cubs and tigers top. kansas city honors champions with parade. the latest breaking news and what to expect for your day ahead.

>> nicole: kentucky has the second republican in four decades. won yesterday's election. >> this is your kentucky, this is our opportunity, we will seek the future together but we will do it as one kentucky, republican and democrat alike. >> nicole: meanwhile in mississippi reelected ryan. in texas defeated a city ordinance that would establish nondecrimenation protection for transgender people. after spending months in the spotlight as the face of the controversial sanctuary city policy, san francisco sheriff's office has been criticized since

a woman was shot and killed by and i legal immigrant this summer. >> cheryl: now to the 2016 campaign trail, donald trump slamming rival ben carson after a new national poll showed the retired neurosurgeon taking a lead over him. >> i like him a lot but he's not for dealing. he's not for making deals. ben carson can't do that. it's not his thing. >> cheryl: he did not call the candidates by name at that event, earlier during interview he said that jeb bush should drop out of the race. meanwhile the florida governor was fired up yesterday in an event in a barn in new hampshire. >> we are americans, damn it, you have to believe that we are on the virtue of greatness because that's how america has always been. the government is a parasite and we are the host.

>> cheryl: you want to make sure you tune in with mornings with maria. that's going to start 8:00 a.m. eastern time, wall street republican debate, trish regan and sandra smith will kickoff the early debate and then maria bartiromo and five cavuto for prime time audience alve in the fox business network. >> nicole: emission scandal of vw continues to grow, could affect 800,000 more cars bringing in gasoline powered vehicles for the first time. vw says the cost of the latest development could be an extra $2 billion or more, the company discuss closed the error after conducting own emission's test. it cheated on the emission's test involving diesel engine on 11 million cars worldwide.

shares, well, they continue to tumble. now trading sharply lower in europe. roughly 8-10% on the downside. >> cheryl: look at that chart. honda announcing that it will no longer use takata, honda has been takata's largest customer. the company's faulty air bags are responsible for eight deaths and a hundred injuries worldwide. ordered takata to make inflators until the company knows it's safe. they fail today recall them in a timely manner. >> nicole: let's get you caught up in the global markets. we are seeing a mix bag. ftse and cac are gaining, great numbers out of asia.

the dax is down one tenth of 1%. you see dow futures up and s&p back in the green slightly and key an eye on key names, potbelly looking in the upside today. >> cheryl: all right. this stock is about 7% affleck trick car maker said it expect to meet its target of producing at least 50,000 vehicles this year. more red ink, adjusted third quarter loss. $75million, tesla also announcing former google executive jason whiler as new cfo. >> nicole: the odds of the internal revenue service auditing you are actually going down, failed to the lowest rate in 11 years last year, the irs commissioner blames the drop on budget cuts, it audited fewer than 1% of individual taxpayers in the 2015 fiscal year.

that was the lowest rate since 2004 and that means less money for the irs. revenue from audits declined by 41% in the lowest level since 2002. what does do though, sometimes gears off the tax cheaters, they know they are not going to be audited maybe more likely to cheat. >> cheryl: they could do that. you never know. take a look at the headlines in the wall street journal. first headline, canadian crude still flows to u.s. despite keystone pipeline. a charge issue for a lot of people this morning. china's middle class buoys some consumer businesses. good for china. this deal was set to expire after the 2017 super bowl but it's going to continue for another six years valued at $1.4 billion, football the most profitable sport in the world. that's why i love it, i guess. >> nicole: coming up top

rankings for the first time and kansas city honors world series champions with a parade. >> your greatest team in royal history, in my opinion, and i'm sure yours too. [cheers and applause] >> nicole: check u.s. stock futures. s&p back in the green but right now unchanged at the moment. nasdaq up 6, you are watching fbn:am, first look at morning markets and 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.

>> cheryl: let's take a look at u.s. stack market futures ahead of the opening bell here in the u.s. every market pointing to the upside right now. dow pointing up by 26 and s&p by one and a half and nasdaq nearl 9 points in the premarket. >> nicole: john stewart has signed a four-year deal with hbo. short form digital content and comment on current events on hbo now and hbo go, among other platforms. while appearing on television 22 minutes a night clearly broke him. he's pretty sure he can produce a few minutes of content every now and again, stewart ended his 16-year run as host of comedy central of daily show in august. >> cheryl: that's going to be awesome. going to something for awesome. the first college football rankings of the reason are out.

the tigers number one. rounding up the top five, lsu, alabama and notre dame. the members were impressed that it has beaten four teams. the combination of powerful offense and strong defense, here you go downtown kansas city, thousands of hundreds of fans crowded the city to honor the world champion city royals with parade in rally. some fans who came left before they began realizing they wouldn't be able to see or hear anything. the royals beat the mets to win the series and reports that manager has been given a new two-year contract. nascar has suspended for two races for deliberately wrecking on sunday in speedway in virginia. nine laps down when he drove

into the wall, it was a payback three races ago. the victory would have earned him a spot in the final four. >> nicole: all right, before you head out the door, let's take a lock at we understand forecast. maria molina. good morning, to you, maria. >> maria: we are continuing to track storm on west across the rookies specially across colorado, we have warnings, potentially 20-inches of snowfall, gusting up to 50 miles per hour, in the warm side of the storm system we are expecting thunderstorm from texas into parts of nebraska and some isolated severe weather, more widespread as we head into thursday anywhere from texas, tornadoes will be possible on that day in addition to some damaging winds from those storms. east of the storm system we have very warm temperatures, well above average for many of yaw, chicago, expect to go see high

temperatures climbing into the 70's, eventually by the workweek by friday or weekend across the northeast you are going to see those temperatures r the time of the year. enjoy the warm while you have it cheryl and nicole. >> nicole: thanks, maria. we will be right back.

>> nicole: let's take a look at the global market, asia was great, took off. u.s. stock index futures, dow gained 250 points in the last couple of trading days and we are watching it dow. s&p up one and a half and look at crude after big gain yesterday of nearly 4%. right now 48.03 and we are watching gold with up arrow as well. it is time for mornings with maria. >> maria: happy wednesday, everybody, and it is wednesday november 4th, with me steve

cortes and mike murphy. first the stop stories. we are awaiting breaking news the campaign trail. moments from now polling will release latest national survey of the republican presidential primary, we dr. ben carson has been surging. donald trump meanwhile sharping his attack on carson. watch this. >> dr. carson is lower energy than jeb bush. and i like him a lot but he's not for dealing, he's not for making deals. >> maria: and it was election day yesterday. ohio voters rejecting measure to legalize marijuana, houston voters rejecting equal rights protections of members to have lgbt community and san francisco denying to restrict rentals. voting out their sheriff after

the controversy, 32-year-old was reported five times previously. in tea party, taking the governor's mansion. >> this is your kentucky, this is our opportunity. we will seek the future together but we will do it as one kentucky. republican and democrat alike. >> maria: meanwhile history will be made in asia. president of china and leader of taiwan to meet for the first time since the communist revolution of 1949. the meeting will be hosted by singapur, developing relationships across the taiwan. market expected to open in 20 points. it is early and we are anticipating a jobs number at the end of the week that may very well drive action as well as earnings this morning. in europe early on