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tv   FBN AM  FOX Business  May 24, 2016 5:00am-6:01am EDT

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nicole: breaking news this morning, long lines at airport end to big shake-up at the security transportation. good morning, i'm nicole petallides. lauren: good morning, i'm lauren simonetti. hillary clinton says, no thanks to fox debate and bernie sanders lashes out calling it insult to voters. nicole: corker may be possible vp. senator says it's all about policy. lauren: right now u.s. stock market futures rebounding a bit, dow futures higher by 28 points.
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nicole: interest rate hike here in the united states. japan's nikkei drops 1% and shanghai shanghai composite fell about 1%. nicole: it is revamping it, anyway, we will tell you how. in sports toronto raptors beat cleveland ca lears evening the series. san josé sharks go up three games to two after beating st. louis blues. nicole: welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead.
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frustration is growing around the country. check points, the head of the agency sent an internal e-mail to staff members yesterday announcing a series of shake-up to agency leadership. at the top of that list is replacement of kelli, tsa's assistant of offices security operations, members of the house committee expressed outraged in a hearing earlier this month over a 90,000-dollar bonus hoggan received. lauren: also breaking this morning. virginia governor reportedly under investigation. sources tell fox news inquiry is focusing on democratic governor violated campaign finance laws during campaign. 20,000-dollar donation from a chie necessary businessman through u.s. businesses.
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it's illegal for foreign nationals to donate under u.s. election law. his office was not aware of the investigation but will cooperate if contacted by federal officials. nicole: bernie sanders predicting this year's democratic convention could be very different as he push it is party to adopt his progressive agenda. >> you want everything to be quiet and orderly, that's not what democracy is about. nicole: vermont senator says his campaign is bringing new comers and first time attend's at political conventions. lauren: hillary clinton declined invitation to democratic debate. we plan to compete hard in the remaining primary states
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particularly california while turning our attention to the threat of donald trump clinton slamming the presumptive nominee while campaigning in detroit. >> at a time when families are struggling pay for child care and so much else donald trump stood on a debate stage argued that americans are being paid too much. a lot of republicans themselves say donald trump is a disaster waiting to happen to america. nicole: only nine democratic debates so far, during the 2008 campaign clinton debated then senator obama 19 times and taunted obama for not being tough enough for being able to face her one-on-one. >> it's the toughest job in the world. you should be willing to campaign for every vote, you should be willing to debate any
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time anywhere. nicole: clinton and sanders are both campaigning in california today. lauren: he might be considered as trump's running after meeting with the presumptive nominee at trump power. >> i have no reason whatsoever to believe that i'm being considered for a position like that. again, this was a meeting between two people that didn't know each other except over phone calls, get to go know each other and that's it. lauren: senator corker is the senate committee on foreign relations. he praised a high-profile speech that trump delivered in washington last month. nicole: republican voters in washington state heading to the polls to decide how many delegates each candidate gets at the national convention. ted cruz, ben carson are still on the ballot. anyone who receives 20% of the vote will slow the trump's
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campaign effort's to secure nomination. fox news dan springer with the details. >> voting in the washington state primary has been going on for three weeks, that's when were initially voted. officials are expecting turnout to be about 40%, which would be good considering the democrats will ignore their results and there's only one candidate left in the republican race. donald trump held two big rallies in washington state. he's expected to do very well when the results are announced to want and he how old walk away with nearly 44 delegates. but in a twist nearly all of the delegates will actually be ted cruz supporters, they dominated the republican state convention winning all but one of the delegate elections. cruz supporters say they want to influence the party in cleveland, insisted republicans
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will come together eventually. >> let's give everybody a little time, that's all it takes, a little time and being able to see how donald trump will bring this party together. i think people may change their minds over time. >> results will start coming at 8:00 p.m. pacific time. nicole, lauren, back to you. nicole: dan spring e, we thank you very much. lauren: he continues three-day visit to vietnam, the president pressing to respect human rights. obama pledging oh leave behind the troubled history between the united states and vietnam. >> i come here mindful of the past, mindful of our difficult history but focused on the future, the prosperity, security and human dignity that we can advance together. lauren: the president meeting with activists and
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entrepreneurs. yesterday he announced that he's lifting decade long embargo on the sale of weapons to vietnam, that country criticized for human rights' record. nicole: will not appear today whether he deserves to be impeached. travel has prevented him from preparing for the hearing. some republicans say has prevented professional investigators from gathering and jason schaffetz is one of the leader. >> we need to hold people accountable, when they provide false testimony to congress, there should be a consequence. the irs wouldn't put it up if you did that to them. you had documents that the irs has summoned and you didn't provide them and destroyed them, you'd
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be in jail and you probably should. nicole: the arrest claimción it has cooperated. lauren: all right, let's get you caught up on global market action overnight, looking at asia, stocks are mixed. mostly red arrows, the shanghai in china down, the nikkei down just about 1%. the kospi in south korea down .9% and the hang seng up a tenth of 1%. lauren: we very much had sideways trading in the u.s. yesterday but right now we do have up arrows, dow futures indicating a 34-point pop at the open. we have new home sales coming after ahead of opening bell. s&p futures up 4 points and nasdaq gaining 9. nicole: more talk about fed
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hikes, 30% for june, that's the fed fund's future rate. dollar goes up and commodities come under pressure. oil down, gold down 7 and a half bucks. lauren: tribune policy has rejected a second takeover bet to gennett, $15 a share from 12.25. tribune owns the los angeles times and chicago tribune will sell $4 million for 70 and a half million dollars. gannett will decide after the company's annual shareholder meeting which is on june 2nd. nicole: facebook says it is not bias against conservative but that would make changes anyhow. a recent charged of disclosing
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conservative topics. internal investigation founds no evidence of political bias, the company said it would still make some changes and intend today minimize the risk of improper actions or unintentional buyers. lauren: going out of business sale for sports authory. plan to close all of its store and will again this week. sports authorities is expect today start by friday and finish by the end of august, the chain with 450 stores filed chapter 11 bankruptcy, were not success, traditional restalers just like sports authority has been hurt by online retailers, going out of business sales, don't always get you the deepest discounts. nicole: coming up. the great american cheese crisis. >> that has to do with the demands of 2014 that raised
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production of milk across the country and what we are seeing are tax that is are hitting them. nicole: we will tell you why america is a wash and cheese and it's beginning to feel a lot like summer but wild weather moving through midwest and plain states. we will get the forecast from maria molina. you're watching fbn:am, first look at morning markets and breaking news.
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lauren: good morning, a quarter past the hour right here in new york. let's get you caught up on what's happening on. hillary clinton turning down an invitation to debate bernie sanders on fox news. sanders had already accepted and calls clinton's decision an insult to voters. tennessee senator met with donald trump yesterday. the meeting fueling speculation that corker can be trump's running mate. editors are not bias against conservative news topic but that it would make some changes in how trending topics are selected
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so that this is not happen in the future. checking on stock market futures ahead of the opening bell, that's 2.2%, same percentage points for nasdaq and s&p. nicole, that's a look at what's happening now. nicole: serious breaking news here, human remains we treefed from egypt air 804 point to explosion on board and this is according to associated press. we will continue to follow the breaking news for you. it would take woman and child just to work through it all. why are we suddenly cheese rich. adam shapiro has story.
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>> what we are talking about is well, this, 3-pound chunk of queso, the u, sda there's surplus that every america will have to eat three pounds to shrink that glut. that's 12 of these things. why we love cheese, here is what's going on with the cheese glut, the price is actually coming down. since 2014 the price for block cheddar has fallen almost 45%. it hasn't fallen that much at the retail store, we are paying about 4% less these days for cheeses like cheddar because of the surplus and you can blame it on surplus milk. we have asked steve miller, he's the vice president of merchandising here and why the
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glut and why prices are coming down. >> it has to do with the demand in 2014 that raised production of milk across the country and what we are seeing is -- russia 's embargo, we are not selling them any cheese. >> down? >> yes, cheese down. >> they would produce less cheese, no, they are still producing more milk than we need because they can store it 1.2 billion pounds of cheese being stored in commercial freezes right now for that day when the price starts to go back up. no matter what you cut it, cheese producers and consumers smell success. back to you. nicole: adam shapiro, we thank you. lauren: egyptian forensic official says human remains from
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flight 804, flight site points to explosion, we have been trying to figure out the crash of the flight and descend, that's what the ap is reporting that potentially an explosion on the flight. nicole: coming up, the great white paveed this year and that's thanks to -- all right, we will tell you about broadway record-braking year and it wasn't all ham ill tone. toronto evening series two games a piece. all the highlights are coming up in sports. i can't wait for them. we hope you stick around for them as well. you're watching fbn:am, first look at morning markets and breaking news.
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♪ ♪ ♪ lauren: that's the lion king and helps broadway to a record-breaking season. the broadway season ended this past sunday and included a record 13.3 million visitors. not only was that more than last season, it was also another record and even after 18 years the lion king still ruling the stage as it grows $102 million, the new hit ham ill tone also a
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big contributing factor. fifth growing show, starting seven weeks into the season. let me know if you can get tickets. nicole: toronto raptors even the series beating the cleveland cavaliers. 35 points including a driving layup in the final minute and game five is wednesday night in cleveland. nhl play playoffs 3 games to two . san josé can close it out at home on wednesday night. sharks have never reach it had stanley cup final. on day two of the french open heavy rains delay start, number
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3 was pushed to five sets against lucas. narrowly avoided becoming the first man defending champion to lose in the first round of french open. andy murray had his match postponed. lauren: that's tennis and here is weather, before you head out the door let's get your tuesday forecast. fox meteorologist maria molina to get us up to speed. maria: good morning, we are tracking messy weather out there apart cross the east coast. it continues to spin in that moisture across parts in the northeast and extending to mid atlantic, i want to take you across portion offense the plains because we have been dealing with severe weather and forecast to continue not only
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today but into this weekend. we have a prolonged period of time that we are dealing with severe weather conditions. you do have that threat for damaging winds, large hail and even tonds out there. now, temperaturewise this morning out of across parts of east coast, temperatures across the plains, very warm and mild and you're in the 70's across parts of oklahoma and texas. let's head over to you. lauren: thank you. nicole: coming up, we will have the latest on the breaking news that we are following for you, the associated press recorded that human remains point to explosion on egypt air flight 804. hillary clinton says no thank for debate and bernie sanders not happy about it. >> it's going to be messy.
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democracy is not always nice and quiet and gentle but that's where the democratic party should go. nicole: you're watching fbn:am, first look at morning markets and breaking news. delity -- wher investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. there's no one no one surface...e. no one speed... no one way of driving on each and every road. but there is one car that can conquer them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in...
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[ male announcer ] don't wait. call today to request your free decision guide and find the aarp medicare supplement plan to go the distance with you. go long. lauren: breaking news this morning. long lines like this at airports lead to big shake-up at the transportation security administration. we will have the details for you. good morning, i'm lauren simonetti. nicole: good morning, i'm nicole petallides. hillary clinton says no thanks to fox debate to bernie sanders. bernie sanders calling insult to voters. lauren: donald trump meets with .. senator bob corker fueling speculation that corker might be a possible vp pick but the senator says this meeting was all about policy u we will have the details for you. nicole: light volume for trading yesterday, checking out u.s. stock market futures right now. duh futures up 44, s&p up 5. lauren: in asia concerns about
quote
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interest rate hike in japan, nikkei down about 1% and in china shanghai composite down three quarters of one percent. nicole: oil prices fell for the fourth straight day. lauren: facebook says there's no evidence of political bias against conservatives in its trending topics section but revamping that section anyway. we will tell you just how. nicole: in sports toronto beat cavaliers. all highlights coming up in sports. lauren: welcome it's 5:31 a.m. right here in new york, it's tuesday may 24th. welcome to fbn:am. , first look at morning markets and breaking news. nicole: egypt air flight 804.
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the egyptian forensic officials says human remains on site point to explosion that may have brought down the aircraft. personally examined the remains at a cairo morgue, the log call explanation that it was an explosion. vanished from paris to cairo killing all 66 people on board. lauren: also breaking this morning, outraged directed at the transportation security administration, frustration growing at airports around the country over long lines at security check points ahead of the agency sent an internal e-mail to staff members announcing a series of shake-ups, at the top kelli hoggan, assistant administrator, members of house committee expressed outrage in a hearing
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this month of a 90,000 bonus package despite failures at our nation's airport. nicole: sources tell fox news the inquiry is focusing on whether the democratic governor and friends of bill and hillary clinton violated campaign finance laws during his 2313 campaign. investigation involves a 20,000-dollar donation from a chinese man through u.s. businesses. it is illegal for foreign nationals to donate to political races under u.s. election law. attorney says his office was not aware of the investigation but will cooperate if contacted by federal officials. lauren: also breaking bernie sanders predicting the democratic convention could be very different as he push it is party to adopt his progressive agenda. >> democracy is messy, every
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everyday of my life is messy but if you want everything quietly that's not what democracy is about. lauren: campaign is bringing new comers to the process and first-time attend's of political convention. nicole: hillary clinton declines invitation for debate that seb senator sanders agreed last week . clinton slamming the presumptive republican nominee while campaigning in detroit. >> at a time when families are struggling pay for child care and so much else, donald trump actually stood on a debate stage and argued that americans are being paid too much. a lot of republicans themselves say donald trump is a disaster waiting to happen to america. lauren: there have been only
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nine democratic debates so far in the 2016 race for the white house but during the 2008 campaign clinton debated then senator obama 19 times and found open to more of them. >> i just believe that this is the most important job in the world, it's the toughest job in the world, you should be willing to campaign for every vote, you should be willing to debate any time anywhere. lauren: well, they're campaigning both clinton and sanders in california today. nicole: bob corker slugs off speculation that she might be considered as nominee. >> i have no reason whatsoever for being considered for a position like that. again, this was a meeting between two people who didn't know each other except over phone calls, get to go know each other and that's it.
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nicole: senator corker is the chairman of the senate committee on foreign relations. he praised a policy speech that trump delivered in washington last month. lauren: republican voters in washington state heading to the polls to decide how many delegates each candidates gets at the national convention. ted cruz, john kasich, ben carson still on the ballot and anybody that gets 20% of the vote will slow down campaign's effort to officially secure the nomination. >> voting in the washington state primaries ahas been going out for three weeks. more than a quarter of the ballots have been mailed back or dropped in offices throughout the state. there's only one candidate left in the republican race, donald trump held two big rallies in
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washington state just days after ted cruz dropped out. he's expected to do very well when the results are announced today and should walk away with all the 44 delegates going into convention, but in a twist nearly all of those delegates will actually be ted cruz supporters, they dominated the republican state party convention over the weekend winning all but one delegate elections, cruz supporters say they want to influence the party platform in cleveland, republicans will come together eventually. >> let's give everybody a little time, that's all it takes, a little time and being able to see how donald trump will bring this party together. i think people may change their minds over time. >> the results will start coming out at 8:00 p.m. pacific time. as for democrats, they allocated all delegates based on the caucuses in march. lauren: thank you very much. nicole: president obama with speech in hanoi, the country has
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nothing to fear from upholding freedom of speech and free press. mr. obama pledge to go leave behind the troubled history. >> at a time when many conflicts seem as if they will never end, we have shown that hearts can change and that a different future is possible when we refuse to be prisoners of the past. we have shown how peace can be better than war. nicole: the president also meeting with activists and entrepreneurs, yesterday he announced he's lifting a decade's long embargo on the sale of weapons to vietnam. the country is often criticized for human rights' record. lauren: irs says commissioner will not appear today at a house hearing considering whether he deserves to be impeached. the irs travel has prevented
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from appearing to the hearing. republicans say he has prevented investigators from gathering evidence how the irs treated conservative groups, treating tax-exempt status, utah republicantive is one of those leaders of the impeachment effort. >> we need to find people accountable, when they lie to congress, there should be a con zwoans that. the irs wouldn't put up with this if you did that to them, if you had in your possession document that is the irs had summoned or issued subpoena and you you would destroy them, you would be in jail and you probably should. lauren: irs sames it has cooperated. nicole: hang seng in hong kong up 1 tenth of 1%. south korea kospi down nearly 1%.
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china down 3 quarters of 1%. lauren: in europe stocks trading to the upside this tuesday morning. the dax in germany up .9% and cac in paris up the most up 1.4%. nicole: narrow training, everybody is waiting to see what the fed will and won't do, u.s. stock market futures this morning off of 53, one-third and 1%. s&p up about 7. lauren: checking on key commodities. oil prices trading to the downside, now down 5 days in a row. gold down nine bucks, 12.42 an an ounce. nicole: facebook will make changes anyhow. accused facebook of discouraging conservative topics. facebook responded to senator and said an internal investigation found no evidence of political bias but the company said it would still make changes intended to minimize the
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risk of improper actions or unintentional bias, bias workers. lauren: yahoo is spending a lot of money protecting melissa mier more than half a million dollars on her personal security last year, there were specific threats made against her in 2014, yahoo spent much less than that about $26 on meyer security. nicole: bank of america penalty thrown out in case, the government did not prove its case. the ac doesn't have to pay 1 point the $7 billion. telecom, respond consumer texting as consumers turn to what'sapp and other services. live stream video for tournaments watched by people
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online and in stadiums. lauren: coming up the great american cheese crisis, who knew. >> that has to do with demands in 2014 that raised production of milk across the country and what we are seeing is taxes hitting up. lauren: why is america swimming in cheese? we will tell you. it's beginning to feel a lot like summer finally in parts in the northeast but wild, wild weather moving through the midwest and plain states, we will get the forecast from fox meteorologist maria molina coming up. you're watching fbn:am, first look at morning markets and breaking news.
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. nicole: good morning to you, 5:45 a.m. right here in new york. let's get you caught up on what's happening out. report out egyptian official says human remains from the crash site of egypt air flight 804 point to explosion on board that may have brought down the aircraft. the assessment is based on a small size of human remains found and no traces of explosives have been found yet. hillary clinton turned down an invitation to debate bernie sanders on fox news. senator sanders accepted and calls clinton's decision to voters.
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there's facebook, says internal investigation found that editors are not biased against conservative topics but that it would make some changes and how trending topics are picked so that it doesn't happen in the future. let's check out u.s. stock market futures this moment. dow futures up 59. s&p futures up 7 and a half and that is what's happening now. lauren: well, americans are apparently not eating enough cheese, a record 1.2 billion pounds of cheese stored in freezers across the nation. that means eachous would need to eat an extra three pounds of cheese just to work through it all. 3 t pounds of cheese a year, adam shapiro is helping out, here you go. >> good morning, lauren, good morning, nicole, when you talk about a cheese surplus, what we are talking about is this, this is a 3-pound chunk of queso, the usda estimates there's so much surplus cheese right now that every american would have to eat
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three pounds to shrink that glut. that's 12 of these things and why we love cheese, but here is what's going on with the cheese glut. the price of cheese is actually coming down. since 2014 the price for block cheddar at the exchange has fallen almost 45%. now, it hasn't fallen that much at the retail store. we are paying about 4% less these days for cheeses like cheddar because of the surplus and you can blame the surplus on surplus milk, we have been producing so much milk, well, we asked steve miller, he's the vice president of merchandising here why the glut and why prices are coming down. >> that has to do with the demand in 2014 that raised production of milk across the country and what we are seeing now is just taxes that are hitting that. so so china similar porting law, and russia has embargo.
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it's all driving the price. >> down. >> yeah, down. >> so you think prices are coming down they would produce less cheese, no, they're still producing more milk than we need and more cheese because they can store it. there's 1.2 billion pounds of cheese being stored in commercial freezers right now for that day when the prices go back up. no matter how you cut it, cheese producers and consumers smell success. back to you. lauren: i will take a borala, drunken goat, in that order. nicole: thanks to an old star -- we will tell you about broadway record-breaking year and it wasn't all about hamilton, in
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sports toronto raptors beat cavaliers evening two games a piece. all the highlights are coming up. you're watching fbn:am, first look at morning markets and breaking news. dow futures are higher this morning. keep it right here. if you need advice for your business, legalzoom has your back. our trusted network of attorneys has provided guidance to
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♪ ♪ ♪
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nicole: glorious production of lion king helped broadway with season, 13.3 million visitors, theaters gross $1.3 million. not only intake was more than last season, it was also a record set. lion king still rule it had stage as it grossed $102 million on broadway last season. now, here is the new hit hamilton that was also a contributing factor as it was the fifth highest grossing show while starting seven weeks into the season. lauren: i've got sports, let's take a look at the world of sports. toronto raptors each the eerches conference finals by leading cavaliers in game four last night. 35 points and rosen has 32. game 5 wednesday night in cleveland. in the nhl playoff san josé beat
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blues 6-3. san josé can close it at home on wednesday night. not suspending yesterday by kicking adams in the groin in the game. flagrant two which would have resulted in automatically rejection if had given the ruling when it happen. green will play in game four tonight. it's not over. at least not yet. asked for a federal appeal's court before panel of judges and patriots quarterback said the issue is more than underinflated footballs, it's the basic right of fair process that's shared by all union workers. tom brady's four game suspension back in the hands of the courts.
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nicole: if you are looking for a shoe to wear when you run for starbucks coffee, nike is out with premium shoe, canvas is brown and has white swirls intended to look like coffee. the nike is white with green lining, the colors of the starbucks logo are all green as well. the shoes are being sold on premier for $100. lauren: those are for you nicole because you love sneakers and coffee. they have done nike chicken and waffle shoes. let's take a look at your weather forecast with fox meteorologist maria molina. what shows are you wearing today, maria? >> you know, i would like sneaker that are weather inspired. not so much on the coffee-theme
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shoes. let's take a look at the weather across the nation. we are continuing to deal with that rain in places like new york city, as we head farther west we have moisture across portions of the plains and in several days we have been dealing with severe weather, reported tornadoes and large hail and that's forecast to continue not only today but in the next couple of days in parts of texas and all the way to nebraska. temperatures on the warm side out there in the 70's and 60's as far north as minneapolis. let's head over to you. lauren: maria, thank you. nicole: coming up we will run down global market action before we
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nicole: let's check out u.s. stock market futures. we had a pretty flat day yesterday. light volume today. dow futures up 50 points. we are down four full weeks in a row. s&p futures up 6 and a half. that's something wants to know. looking at commodities, we are seeing crowd down 16 cents. 47.92. take you through the next several hours mornings with maria and say good morning to you maria bartiromo. maria: hey there, nicole. good morning, everybody, happy tuesday. i'm maria bartiromo and it is tuesday may 24th. your top stories right now 6:00 a.m. on the east coast. we have breaking news.
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new details in the egypt air crash, senior egyptian officials telling the associated press this morning human remains have been found suggesting explosion may have taken down that aircraft. a busy day on the campaign trail to report. washington state holding republican primary, we are only two weeks from the california primary, donald trump posing his first fundraiser. hillary clinton decline to go participate in debate. listen. >> i don't like doing that but i have no choice when she hits me on things, i have no choice. it's unfair. you know the dirty players, they have been dirty players historically and i have to fight back the way i have to fight back. >> i don't want to get hillary clinton too nervous. she's very -- [cheers and applause] >> she's looking nervous lately. [cheers and applause] >> so if you promise, we are

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