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tv   FBN AM  FOX Business  May 9, 2016 5:00am-6:01am EDT

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lauren: donald trump appears to nudge and trump talking taxes. good morning, i'm lauren simonetti. nicole: good morning, i'm nicole petallides. meanwhile hillary clinton and bernie sanders gear up for latest primary that shows sanders in the lead, we will have the details. lauren: let's check in on u.s. stock market futures, dow futures higher by 52, s&p up 5 and nasdaq 15. nicole: shanghai composite down.
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lauren: oil prices fell almost 3% last week but moving back, right now up 2.2%. nicole: officials in canada said they may have reached a turning point that threatens oil production. lauren: in nba playoff cleveland cavaliers advance in finals and thunder even series with san antonio spurs. nicole: it's 5:01 a.m. we welcome you to fbn:am, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lauren: donald trump walking back his tax plan. the wealthiest individuals would get a tax break.
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trump says it's going to be a different plan by the time it gets negotiated. >> i came up with the biggest tax cut by far of any kind today and i put it in, but that doesn't mean that's what we are going to get. we have to negotiate. the thing i'm going to do is make sure the middle class gets good tax breaks because they have been absolutely shun. i'm going to fight for business, for the wealthy, i think frankly it's going to go up and it should go up. lauren: open to increase minimum wage throughout the primaries he had been against raises it. we can hear from trump himself this morning on fox business network. he will be with mornings with maria. nicole: hillary clinton speaking about the government's investigation into her use of private e-mail servers. >> apparently the fbi has contacted your team in terms of talking to you, what can you tell us about that? >> no one has reached out to me yet but last summer, august, i'm
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more than clear to talk to anybody at any time. nicole: justice department has been investigating whether classified information was mishandled on e-mail server. lauren: clinton and rival bernie sanders are gearing up in west virginia, 29 delegates up for grabs in that state, the clear politics shows senator sanders leading 46 to 40% in the mountain state, listen. >> from now until the last primary, which will be in washington, d.c. on june 14, we are going to fight for every single vote. lauren: clinton gaining more contributions from wall street. $350,000 in the month of march
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alone. nicole: fire officials in canada reached a turning point. the fire has burned nearly 400 acres leaving parts of the town in ashes, but officials say cooler temperatures and light rain in the coming days will help. >> this is great fire fighting weather and get a grip on it. the fire out in the forest it's going to take us a long time to clean up but i feel void and happy that we are making great progress specially in the community. nicole: 1600 buildings were torched. residents ended, two evacuess died in a traffic accident. lauren: more than 250 passengers, that's about a
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quarter of those on board have fallen ill since april 16th, nora symptoms including vomiting, nausea. nicole: saudi arabia shaking up its government as part of the plan ending on dependence on oil. sweeping reorganization over the weekend that includes replacing saudi arabia's veteran oil minister with the health minister in saudi, now the changes come as the government plans to overall the saudi economy. meanwhile, opec officials say the appointment of a new oil minister in saudi arabia makes an agreement to freeze production at next month's meeting less likely.
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lauren: thousands of protesters outside the greek parliament to overhaul tensions and increase taxes. the parliament voted late yesterday to adopt measures. legislation includes 6 billion-dollar package that payers requested. nicole: puerto rico defaulted on more than $400 million of debt after congress fail today agree on a deal to help the territory restructure its debt. this week the house committee is expect today release a revised version of a bill to help puerto rico restructure debt. treasury department has lobbied congress for months to pass legislation that would make it easier for puerto rico to to
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reestablish debt. lauren: in the meantime, let's get you caught up in global market action overnight. in asia mix bag. shanghai composite down 2.8%, nikkei in japan, however, up .7%, hang seng in honing song up 2.7%. nicole: let's check out what's going on in europe this morning. all up arrows and the london ftse up 3 quarters of 1%. lauren: stock in u.s. down, 4 t in the premarket. nasdaq futures up almost 14 points. nicole: let's check out key commodities. gold is down 13 and a half
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dollars at 12.80. lauren: twitter reportedly has barred intelligence to use data minor, services that analyzes from across the world. the wall street journal report that is twitter has not confirmed that cut agency off from service but the report quotes from senior intelligence official appeared to be worried about being seen too close to american intelligence services. twitter owns a 5% in data minor, service to have informed clients about the brussels terror attack back in march. 10 minutes ahead of the news media. nicole: california judge is expected rule, judge has indicated that he might dismiss case after hearing testimony from red stone, claims he was
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mentally competent and removed her as health care agent. she was also written out of his will. lauren: investors will get earnings from wall disney, expected to report higher second-quarter revenue end profit think to box office success of animated film. however, this is a problem, the number of sub -- subscribers has gone down. nicole: mcdonalds has gone run
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out of garlic fries. run out of garland in the location, noting that they would temporarily be out of garlic fries. later tweeted out that it may be a few weeks, not days before they can get some more. they will also notify customers via twitter when they plan to have the fries back. we have seen mcdonalds hitting 15-new lifetime highs. lauren: getting from california. uber plans to suspend services in austin, texas this morning, the action comes after voters fail to overturn new rules adopted by the city that restrict increase self-regulation by the services. the new requirements include fenger printing drivers. >> very easy for them to comply. they have time to do so. i hope they will reconsider that decision.
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lauren: rules make it harder to follow business models. uber spent $8 million in campaign leading up to saturday, so if you're going to work this morning in austin, texas, you have to get cab or bus or something. nicole: today's edition to wall street journal. failing factories aiding to global glut. government support for companies has fed oversupply of materials, steel aluminum and diesel fuels. cost from counterfeit dret cards are starting to pile on retailers and tech savvy families built device, artificial pancreas but it's too long for many. lauren: regulators are going after gas. adam shapiro will have the story for us. check this out.
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fox meteorologist maria molina is storm chasing in kansas. we are going to catch up with her next. checking u.s. stock market futures, s&p higher by 5. you're watching fbn:am, first look at morning markets and breaking news. keep it here, 5:12 on the east coast. t(t(t(
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nicole: okay, well, it's 5:15 a.m. in new york. donald trump appears to be backing off a bit from his previous stands on taxes and the minimum wage. trump said plans that includes tax break for top-wage earners may be different after negotiated in congress. he said he's now open to possibly raising the minimum wage. west virginia holds democratic primary tomorrow with 29 delegates at stake. according to polling average senator bernie sanders leads by 6 percentage points. fire officials in canada say cooler temperatures and light rain are helping their efforts
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to fight a massive wild liar that has burned nearly 400,000 acres so far. officials in alberta say fire is still out of control but a change in the weather has slowed progress. let's check out u.s. stock market futures this morning. ahead of opening bell. s&p futures up 5. lauren, that's what was happening now. lauren: regulators are looking at natural gas, drilling and fracking. adam shapiro has more. >> hillary clinton agrees with them and in her famous sound bite in this she talked about putting coal miners out of work she promised to continue obama policy of keeping fossil fuels in the ground. now we have to move away from
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coal and all the other fossil fuel but i don't want to move from the people that did the best they could to produce the energy that we relied on. >> it's already happening. at the end of april of this year, the epa set its sights on natural gas. will assist in the development of comprehensive regulations to reduce methane omissions. global warming impact 25 times greater than carbon dioxide, by-product of burning coal. but two weeks ago the epa reported it has underestimated methane emissions and raised estimate by 3 million metric
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tons, 20 million cars, clinton cite data like that to move to wind and solar. they earn on average $50,000 a year. people installing solar panels make $30,000 a year. nicole: captain america on the top of the box office. >> sit down. >> i could do this all day. nicole: film debuts at the fifth best opening at the box opening ever. we will have the latest on the disney success story. cleveland cavaliers sweep to advance to eastern conference finals and the oklahoma city thunder even their series with the san antonio spurs, all the
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highlights in sports for you next. you're watching fbn:am, first look at morning markets and breaking news
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lauren: did you go to the movies this mother's day weekend, captain america to grab top spot. $182million in u.s. and canada making the fifth highest debut in box office history, disney marvel studio now counts for four of the top six domestic openings of all time. jungle book earned $21.8 million
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pushing to number two spot in fourth week, the holiday weekend gave mother's day a boost, clearly, bumping up to third place. huntsman with 3 and a half million and keanu with 3 million. nicole: 100 to 99 yesterday. kevin love scored 27 points. lebron james knocked down a huge shot. now the cavs get to rest up for the eastern conference finals. oklahoma city thunder beat the san antonio spurs to tie the western conference series at two games a piece. kevin.....kevin
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made into the eastern conference finals for the second straight year to end second round playoff series. víctor scored twice and ben bishop 28 shots. lauren: tornadoes tearing through the great plains this mother's day weekend leaving several hurt and destroying path . maria molina was in the middle of the storm, this morning maria molina is live in wichita, kansas, second round that's now heading your way. what's it like? maria: thank you, it's been a wild weekend. we started saturday in colorado and we witnessed the colorado tornado that unfortunately produced some damage and there
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were other tornadoes in california the same day and the storm moved east ward on sunday and there was also reported tornadoes there and also across southern parts of oklahoma, also in parts of nebraska. this is a wide system and not only in the form of tornadoes or funels but also bringing flash flood to go many flood inteas, large hail in addition to dangerous lighting. the storm system is moving east ward, eastern parts of oklahoma and extending to parts of knot eastern texas and part of arkansas, the big concern with the storm system will be the threat for damaging winds, large hail and yet again for tornadoes out there. the greatest risk area is high lighted in orange across map,
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north eastern texas and southern parts of missouri, third day that we are tracking more severe weather across parts of the center of the nation. we will keep you updated. anywhere from texas up into parts of missouri and even into iowa. lauren: you stay safe too. nicole: donald trump says his ambitious tax plan may involve raising taxes on the wealthy. wealth. >> for the wealthy, i think it should go up. nicole: we will tell you what to expect. you're watching fbn:am, first look at morning markets and breaking news
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these little guys? they represent blood cells. and if you have afib - an irregular heartbeat that may put you at five times greater risk of stroke - they can pool together in the heart, forming a clot that can break free, and travel upstream to the brain where it can block blood flow and cause a stroke. but if you have afib that's not caused by a heart valve problem,
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pradaxa can help stop clots from forming. pradaxa was better than warfarin at reducing the risk of stroke, in a clinical trial - without the need for regular blood tests. and, in the rare event of an emergency, pradaxa is the only oral blood thinner other than warfarin with a specific reversal treatment to help your body clot normally again. pradaxa is not for people who have had a heart valve replacement. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke or blood clots. ask your doctor if you need to stop pradaxa before any planned medical or dental procedure. pradaxa can cause serious, and sometimes, fatal bleeding. don't take pradaxa if you have abnormal bleeding. and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have kidney problems, stomach ulcers, a bleeding condition, or take certain medicines. side effects with pradaxa can include indigestion, stomach pain, upset or burning. go with pradaxa, the only blood thinner that lowers your stroke risk
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better than warfarin and has a specific reversal treatment. eligible patients could pay as little as zero dollars on co-pay. ask your doctor about pradaxa today.
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nicole: breaking news this morning, donald trump appears to nudge economic politics closer to the center ahead of the general election. trump talking taxes and minimum wage. we will have all the latest developments for you. good morning, i'm nicole petallides. lauren: good morning, i'm lauren simonetti. meanwhile hillary clinton and bernie sanders gear up for key primary in west virginia where latest polls show bernie sanders in the lead. we will have the details. nicole: let's check out u.s. stock market futures this morning for you. s&p 500 futures at 5. lauren: in asia the latest data chinese exports slowing once again.
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2.8%, in japan, nikkei, edging up edging%. nicole: oil prices fell almost 3% last week. moving back to 45-dollar-barrel mark this morning. 45.54, up 2%. lauren: officials in canada may have reached a turning point in battling giant wild fire in alberta threatening oil production and affecting the price of oil. we will have the latest development. nicole: cleveland cavaliers to advance to conference finals and oklahoma thunder, even their series with san antonio spurs. lauren: right now 5:31 a.m. on the east coast. welcome to fbn:amfirst look at morning markets and what to expect on the day ahead. nicole: presumptive donald trump walking back to tax plan and original proposals, wealthy
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individuals will get a tax break, trump now says it's going to be a different plan by the time it gets negotiated. >> and i put it in, but that doesn't mean that's what we are going to get. we have to negotiate. the thing i'm going to do is make sure the middle class gets good tax breaks because they have been absolutely shun. the other thing i'm going to fight very hard for business, for the wealthy, i think frankly it's going to go up and you know, it really should go up. nicole: trump saying now open to increasing the minimum wage, throughout the primaries he had been against raising it. we can hear more from donald trump this morning, that'll be right here on the fox bids network. he will be on with mornings with maria at 7:00 a.m. eastern time. lauren: democratic presidential hillary clinton speaking about the government's investigation into her use of private e-mail server. >> apparently the fbi has contacted your team in terms of
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talking to you, what can you tell us about that? >> no one has reached out to me yet but last summer, last august i'm more than clear to talk to anybody at any time. lauren: fbi as well as justice department has been investigating whether classified information was mishandled in personal e-mail server. nicole: as clinton and rival bernie sanders are gearing up for democratic primary in west virginia, 29 delegates are up for grabs in that state, real clear politics shows senator sanders leading 46 to 40% in the mountain state. >> until the last primary which will be in washington, d.c. on june 14th, we are going to fight for every single vote. [cheers and applause] nicole: clinton reportedly winning more campaign contributions from wall street. according to wall street journal
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she has raced $4.2 million including $250,000 in march alone. lauren: fire officials in canada said they reached a turning point in fighting a massive wild fire in alberta, leaving parts of the oil town in ashes, but officials say butter temperatures and light rain in the coming days will help. >> this is great fire fighting weather, we can really get in there and get a handle in the fire and get a grip on it but the fire in the forest area, that's going to take a long time to clean up but i feel very void and happy that we are making great progress specially in the community. lauren: 1600 homes and other buildings torched. massive evacuation of more than 100,000 residents, two of evacuees died in possible
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accident. nick mick more than 250 passengers or a quarter of those actually on board have fallen ill since april 16th since the cruise ship left england. nora virusa -- virus insome include nausea, vomiting. lauren: part of plan of ending the country dependence on oil. the monarchy announced sweeping reorganization that includes replacing saudi arabia with health minister and saudi arabia co-chairman, the change comes as the government plans to overall the saudi arabia economy as lower oil process reduce revenues. opec says makes an agreement to freeze production at next
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month's meeting less likely. nicole: thousands of protestors protestors outside of the greek parliament against measures to overall pensions. the parliament voted yesterday to adopt measures which will impress in creditors. lauren: puerto rico's governor says they will not make debt payment this month. earlier defaulted on 400 million debt after congress fell to agree on deal to restructure the debt. house committee is expect today release a revised version of the bill to help puerto rico, the treasury department has lobbied congress for months to pass legislation that would make it easier for puerto rico to
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restructure the debt. peter barnes is in puerto rico and will sit down with secretary jack lew today, lieu today p.m. eastern on the deepening financial crisis. nicole: back to back losses for the shanghai composite. pressure on the chinese index and that is down 2.8% today. korean cos pi down half a percent. gainers would be japan nikkei that's up and hong kong's hang seng. lauren: dax in germany up 180. solid gain across the board. today we are seeing some up arrows. nicole: s&p futures up 5. lauren: this is how commodities
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are trading this morning. that's up almost a barrel. gold down $14 to 12.79 an ounce. nicole: california judge to rule, redstone the 92-year-old sharehol the judge might dismiss the case after he heard video testimony from red-stone, excompanion. he was mentally incompetent when he reconvicted her last fall and removed her as health care agent and also written out of the will. lauren: investors will get earnings, expected to report higher, second-quarter profit in revenue thanks to box office success, the number of sub
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subscribers, tom was one seen stepped down as chief operating officer, a change that disney has announced last month. nicole: mcdonald has run out of garlic fries in two weeks. on saturday the sign was posted in santa clara noting that they would temporarily be out of garlic fries, it may actually be a few weeks, not days before they get more, they also said they will notify customers via twitter when they plan to have the fries back, regional items have helped mcdonalds move to all-time highs this year. lauren: yeah, they're getting groove back.
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uber suspending in usa tin, texas, the new rules include finger printing drivers. >> very easy for them to comply and absolutely no reason for them to leave the city and i hope they will consider that decision. lauren: rules make it tough to follow business models. they spent 8 million for saturday's vote. nicole: biggest u.s. meat proassessor will report earnings thanks to short drop and feed. 67.25. lumber liquidators, hardwood flooring retail saying it will not issue a forecast for a year but investors will look for comment when the company expects to turn a profit.
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13.53,, macy's, 65.35 on saturday. lauren: government support for struggling companies oversupply of basic materials including steel, aluminum and diesel, more chip card headaches. the counterfeit credit cards to retailers that have not shift today crip credit card yet. the approval process is too long unfortunately for many patients. nicole: okay, welcoming up, first it was coal and now regulators are coming after natural gas producers. adam shapiro will have the story. check this out.
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wow, fox meteorologist maria molina is storm chasing in kansas. let's check out u.s. stock market futures after two weeks of selling, dow up 52, s&p futures up 6. you're watching fbn:am, first look at morning markets and breaking news.
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lauren: 5:45 a.m. on the east coast. donald trump backing off from previous stance on taxes and minimum wage, tax break for the top-wage easterners may be different appear operated in congress. west virginia holds democratic primary tomorrow with 29 delegates at stake, according to real clear politics average senator bernie sanders leads hillary clinton by 6 percentage points. cooler temperatures and light rain are helping their efforts to fight a massive wild fire
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that has burned acres so far. checking in on u.s. stock market futures ahead of the opening bell. a third of 1%. a third of 1% gains, nicole, for s&p 500 as well as nasdaq, over to you. nicole: all right, thank you, lauren. first it was coal, now it's natural gas, regular slaters are now setting their sights on natural gas industry and the way the u.s. obtains it through drilling and fracking, adam shapiro has more on this. >> good morning, nicole, good morning, lauren, environmentalists call it keep in the ground as keep coal and natural gas and switch america to renewable energy sources. hillary clinton agrees with them and in her famous sound bite in which she talked about putting coal miners out of work, she promised to continue the obama administration policy of keeping
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fossil fuels in the ground. the now we have to move away from coal and all the other fossil fuels but i don't want i move away from the people that did the best they could to produce the energy that we relied on. >> it's already happening, at the end of april, epa set sights on natural gas and begins a formal process collecting data from producers that the agency says will assist in the development of comprehensive regulations to reduce methane omissions. the epa says natural gas which is mostly methane has global warming impact 25 times greater than carbon dioxide the by-product of burning coal. the obama administration back in 2014 outline it had plan to cut methane or natural gas omissions in the united states by more than 20%, but two weeks ago the epa reported it hassed estimated methane omissions by millions of
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metrics tons and raised the estimate, that's the equivalent of omissions from 20 million cars. clinton and environmentalists cite data like that to move to wind and solar, but according to u.s. labor department, those jobs, they pay a lot less. they earn on average 50,000 a year, people installing solar panels, they earn $40,000 a year, back to you. nicole: very interesting, adam shapiro, thank you very much. lauren: the washington post says that's because of the stigmatizing effects of the terms, those terms will be now be replaced by, quote, person who committed a crime or quote, individual who was incarcerated. nicole: coming up, tapped in
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america muffles its way to the top office. >> sit down. sit i could do this all day. nicole: film debuts with fifth best opening ever, we will have the latest numbers of the disney success story. the cleveland cavaliers sweep straight series to advance to eastern conference finals and oklahoma city thunder even series with the san antonio spurs we will have all the highlights for you next and up arrows on u.s. stock market futures this morning. you're watching fbn:am, first look at morning markets and breaking news.
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nicole: captain america storm it
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had box office this weekend to grab the very top spot. $108million in u.s. and canada this weekend, fifth highest debut in box office history. disney marvel studio accounts for 4 of 6 domestic openings of all time. jungle book earned $12.8 million this weekend, push to go number two spot. holiday weekend gave mother's day weekend a boost, $9 million and rounding up to top 5 huntsman winter with 3 and a half dollars and keanu with $3 million. lauren: here is a look at the latest. cleveland cavaliers got past the atlanta hawks yesterday. kevin love scored 27 points, lebron james huge shot, finish off with four straight games
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just as they did in the opening round. now they get to rest up for the eastern conference finals. oklahoma city thunder beat san antonio spurs last night to tie the western conference series two games a piece. kevin durant matched playoff high, russell westbrook finished with 14 points and game five tuesday night. in sunday night baseball, red sox beat new york yankees 5-1. david ortiz and steven wright pitched a no-hitter. also went deep for the red sox, ortiz moved to second place and his fair well season, ortiz has five home runs against the yankees. struck out dozen. nicole: maria molina was in the middle of it all and she joins
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us life from wichita this morning where she is tracking the second round of wicked weather that now is heading her way. maria. maria: hey, good morning, good to hear your voice and hello, everybody, at home, we are tracking another round of severe weather in parts of great plains and extending to portions of arkansas and missouri. we want to share with you incredible footage, we witnessed tornado on saturday evening and it caused some damage to the north of town unfortunately and there were reports of injury, in total a dozen reported tornadoes out there across colorado as the storm system pushed through. on sunday on mother's day there were a number of tornadoes reported anywhere from nebraska, kansas and portions of oklahoma. the other threat with the storm system that it could bring large hail and damaging winds to many of these areas, unfortunately that did happen as well over the
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weekend with these storms, now the threat today again shifting east ward bringing storms anywhere from kansas to oklahoma and even into places like missouri, north eastern texas, we do have a concern out here for additional damaging winds, large hail and more tornadoes out there. the greatest risk shaded in orange through north eastern texas to parts of missouri. anywhere from texas to nebraska, you could be seeing severe weather as we head into the afternoon evening today. nicole: incredible pictures. i know you will keep us up to date on the storms. thanks, maria. lauren: we will be right back.
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nicole: let's take a look at u.s. stock market futures, looking to the upside. down 1.4% over the oh weeks. today we have up arrows. s&p futures up 5 and a half right now. taking a look also at here commodities, we've had right now oil has been running up about 2.2%, it is sitting at 45.69, keeping a key eye on wild fires and gold is pulling back up to 15 bucks. and maria bartiromo coming up right now on mornings with maria, good morning, maria. maria: hey, there, nicole. happy monday. i'm maria bartiromo, it is monday may ninth, top stories right now 6:00 a.m. on the east coast. on the general election presumptive republican nominee
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donald trump shifts position on key economic issues as he looks toward november including minimum wage and taxes. >> by the time it's negotiated, they'll go up. look, when i'm negotiating with the democrats, i'm putting in a plan, i'm putting my plan. maria: we will talk about unifying the gop, 7:30 a.m. eastern this morning. joining us coming up. hillary clinton final piece of the puzzle many closest aids have been interviewed in the fbi investigation into private e-mail server. now clinton waits for the call. >> no one has reached out to me yet but last summer, i think, last august i made it clear i'm more than ready to talk to anybody any time. maria: latest from campaign trail coming up in the program, privacy and national security, twitter cutting off the

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