tv FBN AM FOX Business April 14, 2016 5:00am-6:01am EDT
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nicole: breaking news, six days until the new york primary and it is a vote that could lead to a contested convention for the gop. lauren: democrat hillary clinton and bernie sanders holding rallies in manhattan and joining picket lines, striking for union workers bringing a sharp review from verizon's ceo. lauren: the dow jones industrial average to the best close of 2016, checking stock market futures doubt futures down 29, s&p down 4.
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s&p rally carrying over to asia, japan's nikkei gaining 2% overnight, the shanghai composite rising half mac%. oil prices lost 1% yesterday but still well above $40 a barrel and we are seeing 4152. bank stocks leading the rally after jpmorgan chase pete low expectations for profits. today we hear from bank of america and wells fargo who will tell you what to expect. and kobe bryant closes out his career in grand fashion scoring 60 points to lead the lakers to a victory. we have the incredible highlights for you. nicole: it is 5:0 numb one, april 14th, thursday, welcome to "fbn a.m." for the latest breaking news and what you can expect to stay had. lauren: five days until the new york presidential primary and the daily news is throwing it support behind john kasich.
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the newspaper endorsing the ohio governor saying never trump, never ted cruz adding john kasich is the only choice. the head of new york state republican primary says next tuesday will be the decisive primary for the gop nomination. >> maybe 10 percentage points could decide an open convention or donald trump can close on the first ballot. lauren: mark your calendars for coverage of the primaries on tuesday, april 19th. at 7 eastern time on the foxbusiness network. nicole: ted cruz has all but given up on winning new york and looks ahead to the next seven races on april 26th. according to the average of polls from real clear politics ted cruz trail donald trump by 36 points in new york, the latest now from peter barnes. >> reporter: donald trump campaign in pittsburgh yesterday and ted cruz was at a concert
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hall at an amusement park in erie, pennsylvania, holding a primary two weeks from now on april 26th. one thing trump is not finding amusing at all is the process for selecting delegates in some states like colorado, trump has been raging against the process calling the system rigged and dirty with strong organization, ted cruz has been dominating the process capturing all 34 of colorado's delegates helping him to continue his strategy of denying delegates to donald trump so donald trump cannot lock up the nomination in cleveland on the first ballot and forcing a contested convention. the ted cruz campaign says this playing by the rules. >> he has been yelling and screaming and stomping his foot. and an awful lot of whining. the simple reality is any time the people vote against donald, he screams the voters are
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stealing the election. that is actually how elections vote, the voters choose who the next president will be. >> reporter: ted cruz conceded with trump way ahead with polls in new york and pennsylvania trump is going to have a good couple of weeks. back to you in manhattan. lauren: donald trump will be in washington dc for start of a serious meeting with lawmakers who have endorsed are interested in donald trump. nicole: donald trump tells fox news's sean hannity the proposed mall on the mexico border would be completed within two years. >> i would say it will be complete within two years of the time we start, we will start quickly and it will be a real wall. >> that is the greatest detail donald trump has given the
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proposal so far. >> note charges will be filed against corey lewandowski, accused of grabbing her arm when she asked trump a question. corey lewandowski will not be prosecuted on misdemeanor battery. the county state attorney scheduled to announce that decision. nicole: bernie sanders and hillary clinton looking for the labor vote, five days until the key presidential primary, the two democratic candidates join verizon workers on the picket line after 40,000 of the workers went on strike. >> thank you for your courage in standing up for justice against corporate greed. >> we need to engage in real negotiation. it has been going on for months and people need to come to the table and reach an agreement. nicole: sanders criticized verizon for wanting to outsource
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jobs and avoid federal income taxes. verizon's ceo fired back accusing sanders of getting the facts wrong and mc adams said verizon pays its fair share of taxes adding in their financial statement we pay $15.5 billion in taxes over the last two years and that is a 35% tax rate in 2015 for anyone who is counting. fox news's megyn kelly had an interview with reverend al sharpton on the kelly file last night, sharpton said he is not ready to endorse a presidential candidate yet but whoever wins will need the black vote. >> the black vote is the reason hillary clinton won a lot of southern primaries, even in the ones she didn't when she did better than expected because she won the black vote numtwo-numone in wisconsin 3 quarters of a
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point. bernie sanders can't win without the black vote. nicole: sharpton is close to endorsing a candidate but is not there yet. two russian warplanes both the u.s. navy guided missiles in the baltic sea twice this week despite an agreement to prevent this kind of thing. and official spoke with fox news, russian warplanes approached the us destroyer donald cook at an unsafe speed numb 100 feet off of the ground within 1000 yards of the destroyer. it was called a simulated attack profile, conducting flight operations in a polish helicopter when these two russian aircraft approached that, this is what it sounded like as we heard the ships radio. >> look at the guy to port, he is on deck. on deck below the bridge wing.
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nicole: several close encounters between the destroyer and the russian aircraft this week. lauren: the centers for disease control and prevention calling a turning point in the zika outbreak, consider the virus to be the definitive cause of birth defects in babies in brazil and other countries, the cdc public health information director says the development will help the cdc with outreach and research. >> i think it really helps us by being able to say zika causes or is the cause of serious brain defect, we could be more clear in our messaging and focus our research into the important remaining questions. lauren: scientists suspected the mosquito borne virus causes birth defects. there are 346 confirmed the cut cases in the continental united states. lauren: better than expected earnings report from jpmorgan
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pushed the dow to its highest level of 2016 and today more big banks release their latest financial report cards. bank of america and wells fargo post for "the opening bell" and analysts expect the drop from 27 since last year to $.27 in bank of america, revenue is expected to drop, wells fargo forecast to see its earnings go from the one dollar $0.04 to $.98 in its first quarter, a slight increase in revenue expected. lauren: let's get you caught up on what is happening today, starting in asia with global market action. the shanghai on top of 1% to many gay and japan, the hang seng and hong kong up 0.7, the cosby in south korea gaining 1-3/4%. nicole: the dow is down a quarter a 12:45% in london. lauren: the dow closed 92 points shy of the 18,000 level, futures
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are down 40 points, s&p futures are down 51/4 points, nasdaq down 10-half mac. >> let's look at oil, $41.52, down 1/2%, gold dropped. lauren: kobe bryant's 20 seasons in the nba came to a close and went out with a bang, scoring 60 points for the lakers again the utah jazz. in addressing the crowd after the game -- >> no words to describe, thank you from the bottom of my heart. lauren: kobe bryant helped the lakers rally from down 15 to win 101-96, stay tuned for more highlights, the warrior's historic wing if you minutes
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from now. nicole: little kids won't get to see him and enjoy his play. let's look at the headlines in the wall street journal. than new york proposes banning elizabeth holmes could be banned from the blood testing business for two years after the government concluded the company failed to fix what regulators called major problems at its laboratory in california. senators propose encryption rules, two key lawmakers circulated a proposal that would require companies to unlock encrypted technology when served with a court order. citigroup's living will means for the big banks, regulator say the living will, five banks are not credible, the fact the city which stumbles in recent years past its significance. lauren: let's look at stocks, pier 1, 5% in extended trading after the retailer said its
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latest quarterly profit fell by 50% and gave disappointing guidance for the year. seagate technology tumbling 6% after hours. the latest quarter, because of weak demand and win resorts rising 2% in extended trading, deutsche bank downgrading its rating on the stock earlier today and raising its target price on the casino operator. nicole: it is known as the pig book in washington, the annual report on government waste and you won't believe where your tax dollars are getting sucked away like funding programs to study shrimp. >> abstain from pork. lauren: we will be right back, stay with us. that was cute.
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nicole: let's get you caught up on happening now. john kasich picked up a key endorsement in new york, the all-important primary approaches and donald trump's campaign manager will not be charged in connection with the incident with a reporter. yesterday jpmorgan chase earnings boosting the dow to a 2016 high. we get more big bank earnings this morning. how will they affect the stock market? kobe bryant ending his 20 year career in storybook fashion. we will tell you about it, stock market futures ahead of "the opening bell," thursday morning, dow futures giving back big
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gains, dow 37 points, nasdaq futures down 10 points this morning. nicole: citizens against government waste released their pig book which highlights what they consider the worst porkbarrel government spending project and there have been quite a few of them. remember $15 million devoted to catfish inspection? the latest report finds nicole: one of those is for a $120 million upgrade of the abrams am 1 tank which got opposition from the pentagon. there are 2001 part in the california desert and the
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pentagon would rather create a new generation of tanks than upgrade the m1. for more on the government's outlandish spending, gerri willis has this. gerri: remember when the government spent tax dollars on this project? that is the shrimp on the treadmill. congress approved $5 billion on projects like that, 90% increase since 2014. some of those products include $10 million earmarks for energy costs through the 1936 rural electrification act, a program intended to provide farmers with electricity after the great depression. 99% of the us will have electricity by the 1980s. where is the money going? there are $8 million for the aquatic plants program, implants and oceans and lakes by using underwater pesticides and
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physical blockades. almost $164 being given to the funds of improvement of education, a program that stopped being funded when president obama asked for support. the program, programs of national significance and all the spending is despite the fact that porkbarrel expenses were outlawed. nicole: a good inside look at the spending. lauren: the final act and what a dramatic act it was. >> can't believe how fast 20 years went by. lauren: the highlights from kobe's 60 point grand finale. "the opening bell," dow futures giving back 33 points or 32%, we
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call or go online and switch to x1. only with xfinity. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. nicole: the latest from the world of sports, two huge sport stories. after 20 years in the nba the ride came to an end, kobe bryant went out in style scoring 50 points against the jazz, his
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first game of 50 points in 2009. the last minute of the game he made two shots to give the lakers a lead adding two free throws and an assist before checking out four seconds to go. kobe helped the lakers rally to win 101 to 96. the warriors left no doubt when they broke the chicago bulls's record, 72 wins in a single season thanks to stéphane curry's 36 points. they finished the season 73-9. that is one game better than michael jordan's was in the 95-96 season. he also became the first player to make 403 free throws in a single season. after the final night of basketball the nba playoffs begin in the west, the record-breaking warriors take on the houston rockets in the first
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round, the second seed face-off against the grizzlies, lebron james and play against detroit at the raptors finish a game behind the cavs meeting with the indiana pacers. the playoffs begin on saturday. the last game we have been talking about all morning, jim gray snagged an exclusive interview where kobe said it will be hard to take off the uniform for the final time. >> last game we had taking it off for the last time, this is hard. >> what are you going to miss the most? >> the training, preparing for games, the top players in the lead, coming together with my teammates.
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lauren: stay with us for more on kobe's final game. lauren: i think i almost cried. thursday's forecast, maria molina watching the weather, not basketball. maria: drying up my tears, emotional interview. let's look at weather conditions. across the nation we have active areas. across the northeast and mid-atlantic some gorgeous conditions. lower humidity levels are relatively cool temperatures and a lot of sunshine. get out and enjoy the weather, we will be sticking around for a couple days. across the southeastern us dealing with showers and thunderstorms that continue and out west the new storm system exiting the rockies and by friday afternoon the nighttime hours we could be seeing severe weather out here from the texas panel to eastern colorado and western parts of kansas you have the threat of large hail and damaging winds in addition to isolated tornadoes and on the backside of the same storm system, coming up over the
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weekend, potentially more than a foot of snow across high elevations of colorado, the foothills dealing with issues throughout the day saturday, current temperature chili across the midwest, temperatures in the 30s. lauren: six they left to the primary vote. if you think new york doesn't matter. >> the greatest political show on earth has landed in new york state. nicole: the latest from the campaign. bank stocks after jpmorgan chase, we hear from bank of america and wells fargo, meeting low expectations and keeping the stock market rally going, dow 18,000, here we come. checking in on those futures in the premarket dow futures down 5, s&p futures almost 5, nasdaq futures down 9. you are watching "fbn a.m.," first look at markets and breaking news.
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lauren: six days until the new york primary and the vote could lead to a contested convection. i am lauren simonetti. nicole: i'm nicole pedallides. hillary clinton and bernie sanders holding rallies in manhattan and joining the picket line with striking verizon union workers bringing sharper views from the ceo. lauren: the dow goes to its best close of 2016, checking stock market futures dow futures down 25, nasdaq down 5. nicole: japan's nikkei index gaining 3.2%, the shanghai
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composite index up half a point%. lauren: oil prices losing 1% but still above $41 a barrel. nicole: bank stocks leading the rally, and wells fargo. we will tell you what to expect. lauren: kobe bryant closes his career in grand fashion scoring 60 points to lead the lakers to victory. we have the highlights. it is april 14th and welcome to "fbn a.m.". the latest breaking news and what to expect. lauren: six days until the new york presidential primary in the new york daily news is throwing it support behind john kasich. the newspaper endorsing the ohio governor saying never trump, never ted cruz adding john
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kasich is clearly the only choice. the head of new york state's republican party says next tuesday will be a decisive primary for the gop nomination. >> movement of 10 percentage points will decide whether it is an open convention or donald trump can close it up. lauren: getting exciting and close. special coverage of the new york primary tuesday, april 19th starting at 7:00 pm eastern time on foxbusiness network. lauren: nicole: ted cruz has given up on winning new york with the next set of races on april 26th. according to an average from politics, ted cruz trail donald trump by 36 points, the latest from peter barnes. >> reporter: donald trump campaigned in pittsburgh and ted cruz was at this conference hall at an amusement park on lake erie, the state holding its primary two weeks from now on
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april 26th. one thing trump is not finding amusing at all is the process for selecting delegates in some states like colorado. trump called the system rigged and dirty, with strong organization ted cruz has been dominating the process capturing all 34 colorado's delegates helping him to continue his strategy of denying delegates to donald trump so donald trump cannot lock up the nomination in cleveland on the first ballot and forcing a contested convention. the ted cruz campaign says it is playing by the rules. >> he has been yelling and screaming and stomping his foot and an awful lot of whining. and the simple reality is anytime the people vote against donald, he screams the voters are stealing the election.
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that is actually how elections work. the voters choose who the next president will be. >> reporter: ted cruz conceded with trump way ahead in polls in new york and pennsylvania trump is going to have a good couple of weeks. nicole: donald trump's campaign will be in washington dc for the start of a series of meetings with wall makers who are interested in trump. lauren: trump says his proposed wall across the us-mexico border would be completed in two years, trump commented at a town hall in pittsburgh last night. >> complete within two years from the time we start, we start quickly, we start quickly, it will be a real wall. nicole: that was the most detailed trump has offered about his controversial proposal. lauren: no charges will be filed against donald trump's campaign
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manager corey lewandowski is a reporter accused him of grabbing her arm and she asked donald trump a question, the trump campaign says corey lewandowski will not be charged with misdemeanor battery. the palm beach county attorney will announce his decision this afternoon. there was video that helped that decision. nicole: bernie sanders and hillary clinton looking for labor votes with a few weeks until the presidential primary and the two democratic candidates joined verizon union workers on the picket line after 40,000 went on strike. >> thank you for your courage in standing up for justice. >> we need to engage, this has been going on for months, and reach an agreement. nicole: sanders criticized verizon for wanting to take away
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benefits, avoid federal income taxes and other things but verizon's ceo firing back accusing sanders of getting his facts wrong, mc adam says verizon pays its fair share of taxes. as our financial statements clearly show we face 50 points, a 35% tax rate in 2015 for anyone counting. nicole: two russian warplanes buzzed the guided missile destroyer in the baltic sea twice this week despite a 40-year-old agreement to prevent this harassment but according to a defense official who spoke with fox, russian warplanes approached the us destroyer donald cook at an unsafe speed, 100 feet off the ground, within 1000 yards of the destroyer. the defense official called one incident a simulated attack profile. the ship was conducting flight operations in polish helicopter and two russian attack aircraft approached and this is what it
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sounded like over the ship's radio. >> look at the guy to port, he is on deck. below the bridge wing. nicole: this was just one of several close encounters between the destroyer and russian aircraft this week. lauren: better-than-expected earnings report from jpmorgan pushed the dow to its highest level this year and today big banks release the financial report card saying bank of america and wells fargo put first-quarter earnings reports, analyst expect a drop in earnings-per-share from 27 since last year to $.21. for bank of america revenue expected to drop, wells fargo earnings go to $1.98 and increase revenue is expected. nicole: in asia they take a cue,
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shanghai composite index have mac%, the nikkei scored 31/4%, hang seng and south korea's cause be up. lauren: stocks are trading in europe, the ftse in london down 8 points, 8 points for the cac in paris, and down 16 points and barbary getting hit hard. nicole: down futures down 21, the s&p down 3, nasdaq down 5. lauren: this is the quote for oil, $41.62, gold down $5.32. nicole: kyle bass, wall street week, gary kaminsky, which presidential candidate he thinks would be best for the equity market. >> crazy answer. i think it is hillary. >> many people told us they think they know what they are
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getting. >> she is the most sane actor of them all. lauren: successfully predicted the subprime crisis before it happened, you can see him on wall street at 8:00 pm with kaminsky and anthony scaramucci. lauren: 20 seasons in the nba came to an end, kobe bryant scored 60 points against the jazz, couldn't have been happier addressing the crowd after the game. >> no words to describe, thank you from the bottom of my heart. i love you guys. lauren: kobe helped the lakers rally, stay tuned for more highlights, and warriors historic win in a few minutes and an exclusive with jim gray, we will bring that to you. nicole: here is a look at the wall street journal.
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us proposes banning elizabeth holmes from the blood testing business for two years after concluding the company failed to fix what regulators call major problems at the laboratory in california. senators imposing christian rules that would require companies to unlock encrypted technology when served with a court order. the to citigroup's living will means for big bank regulators to save living wills, and city past is significant. let's look at stocks we are watching, pier 1 imports falling in extended trading after the retailer, latest quarterly profit fell 50%, disappointing guidance for the year, seagate technology tumbling 6% after hours, the latest quarter due to weak demand and wind resorts
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rising 2%, deutsche bank downgrading its rating on the stock later today but raised its target price on wind resorts. coming up it is known as the pig book in washington, the annual report on government waste is out and you won't believe where your tax dollars are getting stuffed away like funding a program to study shrimp on a treadmill. >> cannot sustain pork. nicole: we have that story. later, it feels like spring in the northeast. maria molina will have thursday morning's forecast, checking out us stock market futures this morning, close to 18,000 yesterday but we are going back a little bit, dow futures down 15, the s&p down 21/2. we are watching wells fargo and the like, and oil at 4169. keeping a keen eye on oil ahead of that meeting so that is
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lauren: get up, get ready and go get them. 5:405 am in new york, let's get you caught up on what is happening now. governor john kasich has picked up a key endorsement in new york at the all-important primary, donald trump's campaign manager will not be charged in connection with an incident. the dow jones industrial average boosted to its highest point of 2016 and more big bank earnings out today, how they affect the markets. kobe bryant ending his 20 year career in storybook fashion. we will tell you all about it
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and an exclusive fox sports interview with kobe bryant. let's check market futures. dow futures are down, s&p down 2, nasdaq down 4. lauren: citizens against government waste releasing his pig book highlighting what they deem the worst porkbarrel government spending projects and there are quite a few of them. remember $15 million to catfish? this report finds the cost of earmarks increased $5 billion. >> the cost is far below the record $29 billion in 2006 and there are no earmarks for wood utilization research or a teapot museum but there are troubling expenditures. lauren: one of those earmarks is for a $20 million upgrade of the abrams m1 tank that met opposition from the pentagon.
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currently there are 2000 m1s in the california desert and the pentagon would rather create a new generation of tanks than upgrade the m1. gerri willis has more on the government outlandish spending. >> reporter: remember when the government spent your tax dollars on this project? that is a shrimp on a treadmill. this year congress proved $5 billion on projects like that, 90% increase since 2013. some of those include a $10 million earmark for energy costs through the rural electrification act intended to provide farmers with electricity after the great depression. 90% of the us had electricity by the 1980s so where is the money going? $8 million for the aquatic plant program stopping growth of plants in oceans and lakes by using underwater pesticides and physical blockades, plus, this is a big one, almost $164
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million being given to the fund for the improvement of education, a program that stopped being funded in 2011 when president obama no longer asked for support. programs of national significance and the spending despite the fact porkbarrel expenses were outlawed by congress in 2011. back to you. nicole: the final act and what a dramatic act it was. kobe bryant's last game in the hoped for. >> i can't believe how fast 20 years went by. absolutely crazy. lauren: we have the highlights from kobe's 60 point grand finale. more from a fox sports exclusive interview with kobe bryant and this, when can women bag and
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he gave the lakers a lead antenna system. they rally from dow 15 to when 101 to 96. they broke the chicago bulls record 72 wins in a single season, stephan harry's 46 points, the warriors beating the memphis grizzlies 125-104, 73-9, one game better in the 1995-96 season. he also became the first player to make 43 in a single season. the chicago cubs made history of their own last night when they crushed the red, not -- 9-numtwo. their first best 9-game start, allowing two runs, six hits and chris bryant hit the first home
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run of the season. nicole: after kobe bryant's last game we were talking about through the season jim gray snagged an exclusive interview with kobe and asked how he wants to be remembered. >> i said a long time ago at the end of my career i want people to think of me as a talented overachiever. i worked as if i had none. that would be pretty good. lauren: a nice role model, hard to leave his teammates, 13-year-old son but we feels badly for the little kids. it is sad. let's switch gears. designer handbags, a new way to invest? a florida man think so.
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a record-breaking 2 $98,000, the never used red crocodile bag has been kept in store-bought condition by two former owners, but with profit in mind but most handbags devalue fast. and the kelly bag can be the rare exception of well-maintained, the previous record-breaking resold handbag sold for 2 $22,000, if you have a lot of money and don't know what to do with it by handbag. it is funny, it is. before you head out the door, have a look at your thursday morning forecast with maria molina. maria: we are tracking beautiful weather across the northeast, the mid-atlantic, southeastern west, moisture, showers and storms in the forecast out there and relatively cool as we head into tomorrow.
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across the high plains we are expecting storms and some could potentially bring severe weather with large hail, damaging winds and isolated tornadoes possible from the texas panhandle to eastern colorado and western parts of kansas so heads up as we head into tomorrow. on the backside of that system over the weekend we are anticipating a lot of heavy snow across the rockies and some areas of colorado could be picking up more than a foot of snow through the weekend. a big story out there. temperatures across the midwest on the chilly side and 30s and 40s this morning. look at the temperatures we expect across the center of the nation, in a 70s as far north as minneapolis, it will be warmer in minneapolis than it is in new york city. lauren: thank you so much. coming up we will run down global market action before handing it over to "mornings with maria," stay with us.
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5 days ago. donald trump beefed up his campaign staff ahead of a contested convention. he is railing against the system. not everybody is having it. >> i am funding my own campaign. >> donald has been yelling and screaming and stomping his foot. an awful lot of wine. >> corey lewandowski will not be prosecuted for battery after you alleged incident. a new conference later today. new criticism of the tsa from american airlines. the company is warning people
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