tv FBN AM FOX Business August 22, 2016 5:00am-6:01am EDT
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lauren: breaking news this morning on the campaign trail. signs that donald trump maybe changing immigration plan while hillary clinton's campaign tries to deflect criticism of foreign money funding the clinton foundation and points a if i thinker at the trump campaign. we will have all the latest. good morning, i'm lauren simonetti. nicole: good morning, ownership nicole petallides. interest rate hike may be coming this year. the dow lost 45 points on friday. let's check out u.s. stock market futures this morning, right now dow futures up 8. s&p futures up 1. nasdaq futures up 6. lauren: in asia japanese stocks higher by a weaker currency that could lift japan's exports.
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the nikkei up a third percent however in china shanghai composite fell three quarters of one percent. nicole: looking this morning down 4.7%. lauren: devastating floods in louisiana worst natural disaster send sandy. more bad weather, we will have the weather. we will tell you the surprising highlights from the closing ceremonies. nicole: good morning, everybody, it's 5:01 a.m. august 22nd. welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lauren: breaking news this morning, donald trump new
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campaign manager kellyanne hathaway trying to clarify immigration, trump may allow some illegal immigrant to stay. >> what he supports is to make sure that we enforce the law, that we are respectful of those americans who are looking if. >> well-paying jobs and that we are fair and humane for those who live among us. >> will that plan include deportation in. >> to be determined. nicole: eric trump was with maria bartiromo yesterday. >> it's interesting as a nonpolitician step in seeing how ingrain politics are inside some people. but again if you look at what democrats have done for inner cities, inner city youth, 60% unemployment.
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they've never done anything. nothing ever happens. nicole: this month's fox news latino poll shows hillary clinton leading 46 points among hispanic voters. lauren: the clinton campaign criticizing donald trump for possible financial connections with foreign countries including russia this comes after paul manafort resigned. >> donald trump is refuse to go discloses deep financial ties that reach into the kremlin and china has leverage over him. none of this is being disclosed. lauren: a land deal with the nigerian firm that was tied to the clinton foundation. nicole: collin powell after reports, the truth is she was
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using personal e-mail per year before i sent a memo on what i did, end quote. lauren: more than a hundred thousand people have be registered for federal aid after 60,000 homes were damaged from historic flooding. many call this the worst natural disaster since super storm sandy. thunderstorms could bring more rain and search teams look for possible survivors. >> we are going door to door. if anyone is unaccounted for. this is a tight knit community but if anyone is missing, making sure everyone is accounted for. lauren: president obama will travel to louisiana to survey the damage. that's happening tomorrow. donald trump and mike pence visited the state back on friday.
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nicole: after locally transmitted zika cases found in two neighborhoods in the miami-dade county. health officials warning besides florida other gulf states are vulnerable to the virus. >> the ones that are at most risk george are those along the coast. i won't be surprise if we see cases in texas and louisiana particularly now where you have flooding in louisiana. there's going to be a lot of problems getting rid of standing water. nicole: you don't want to hear that. more than 100 zika cases reported in florida. congressional lawmakers in both parties remain lock in battle over billion dollars to zika funding. lauren: evacuation orders lifted in southern california where a massive wild fire destroyed more than 100 homes, burned 60 square miles since it started on tuesday. this is more than 10,000 firefighters trying to contain
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six large fires, one of them in central california and it's threatening more homes as well as national landmark and popular tourist attraction too. >> we now have the contingency group. we have fire fighting equipment. lauren: it's about 35% contained. nicole: turkey's officials blame isis. turkish president said that the bomber was between 12 and 14 year's old. the blast killed 51 people and wounded 69. 17 of those people are in critical condition. lauren: all right, let's switch it to business here. could be a merger monday in the pharmaceutical sector.
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pfizer is close to buying, leading prostate drug and reportedly generates $2 billion in sales a year and analyst say that is could even double. nicole: lets get you caught up on the global action here. china shanghai composite down three quarters of 1%. and korea kospi is down three quarters of 1%. lauren: in europe stocks opened higher, still trading to the upside, not by much. if you look at the ftse it's up fractionally. the dax in germany it's up almost 1% and in france 34 points or three quarters of 1%. nicole: the dow pulled back 24 points but the star was the nasdaq, that was eight weeks in a row.
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begins this monday morning with up arrows again. it's up 8 and a half points right now. dow futures up 17. s&p up 2. lauren: they are giving backs .1% today. we did find out on friday that we have more rigs operating here in the u.s. that could be putting pressure on prices, gold is giving backs 3.37 an ounce. nicole: you could see the uk pound is stronger against the dollar while the euro and japanese yen are weaker against the greenback. lauren: the yield on the ten-year treasury 1.59%. nicole: economy is closed to a couple key federal reserve targets. close to most estimates of full employment rate, fisher said the
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inflation rate is near the fed's target of 2%. he reportedly said that rate hike is in consideration. janet yellen speaks in wyoming on friday. lauren: the company reportedly tried to sell itself including general motors, apple, google, amazon as well as uber. it would take billions of dollars and hundreds of employees to spread to new cities and local laws are not always friendly to concept. nicole: stocks to watch. companies reporting before opening bell. best buy to show a decline in earnings in revenue from the same period last year. earnings 43 cents a share down from 49 cents a year ago. best buy shares are up almost 8%
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in the past year. tow brothers' shares are down but they beat estimates in the latest quarter. strong numbers are expected from smucker, more than 30% to a dollar 74. shares are up more than 40% in the past year. keep a keen eye on facebook after positive comments this weekend. lauren: here is a look at the headlines in the wall street journal. sources say valient is expected to announce paul as new cfo. kimberly clark have no where to hide, pushing workers to improve
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and getting rid of those who can't keep up. u.s. faces setback in asia if the transpacific partnership deal does not past. president obama's pacific deal is threatening to becoming a failure and congress appears bleak. nicole: coming up, we take side-by-side comparisons from donald trump and hillary clinton. they couldn't possibly be more different. >> what concerns people most about, quote, taxes are their own tax liability. so we appreciate people being able to see hillary clinton's plan and donald trump's and figure out who would really get the middle class tax relief. nicole: all right, flooding in louisiana now worst natural disaster since super storm sandy and the bad news it may get worse. fox meteorologist maria molina will take a closer look and have the forecast.
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nicole: it's monday. you can do it. 5:15 a.m. in new york. donald trump's campaign manager say says it's not decided if he will continue to support illegal immigration. hillary clinton is facing renewed concerns and questions about the potential influence of foreign money on the clinton foundation. flood waters that have killed at least 13 people in louisiana are beginning to recede but a massive clean-up remains. estimated 60,000 homes have been damaged and more than 100,000 people have registered for federal help. big drug deals could be announced today. i have to tell you about this.
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pfizer is close to an agreement to by m, de ivat medivation. the s&p had fifth highest close in history. nasdaq is up eight weeks in a row. lauren, that's what's happening now. lauren: thanks, nicole. peter barnes takes it side-by-side comparison and breaks the numbers. >> he would also cut the top business tax rate from 35% to 15% which would help many owners of individual businesses and partnerships. clinton wants to impose a 4% surcharge on anyone who easterns more than $5 million a year.
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she would adopt the so-called buffet people for people who make more than a million dollar a year pay 35%. warren paid taxes lower than his secretary and that was unfair. trump would eliminate the estate tax completely. clinton has proposed more limits on it and raising the top rate from 40% to 45%. on corporate taxes trump would make the top rate 15% as i mentioned but he would also eliminate a lot of business deductions, clinton would charge an exit tax to make it costly for u.s. companies to move overseas and simply fied tacks in paperwork for small businesses. lauren: peter barnes thank you. nicole: rio olympics end with a flame with a path to tokyo. united states was far and away the big medal winner of the
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games and the big loser tat box office. >> one of the most respected interest. welcome home. >> i need you to tell me who the enemies are. >> the latest big budget box office bust. we will tell you who beat out ben. all up arrows, s&p up 2, nasdaq up 7 as oil pulls back a little bit this morning. you're watching fbn:am, first look at morning markets and breaking news.
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. then you will have your vengeance. lauren: comes in fifth at the box office, ouch, making it one of the biggest budget busts of the summer. it brought in only 11.4 million in the opening weekend. coming in first place suicide squad with a little over $20 million. that film has earned 262 domestically ranking at fifth. the dc comic adaptations. sausage party came in second for second week with $15.3 million. war dogs takes third while two strings round out top five.
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nicole: big no to kids who wanting to to sausage party, no. let's take a look at the world of sports on the final day of olympics. united states got the gold beating serbia, kevin durant scored 30 points and coach became the first coach to win three gold medals. carmelo anthony too. defending her london 2012 gold in middle weight division. she beat a boxer from the netter land to win two olympic gold medals. 2016 rio olympics are history. u.s. delegation was lead into the closing ceremony by simone biles. even a surprised appearance by japan's prime minister. he came in dressed as mario brothers.
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now it's onto tokyo in 2020. the u.s. dominated the medal count with 121, china and great britain were way back. turning the baseball new york mets kept ployoff hopes alive. another home run from cespedes helped win over san francisco giants. lauren: a lot of people happy. bryant and partner are unveiling a new venture capital fund today, 100 million-dollar fund for vinesting in media, technology and data companies. bryant are reportedly putting 100 million and aren't looking for outside investors, at least not yet. nicole: before you head out the door let's take a look at your monday forecast, fox meteorologist maria molina is with us. maria: good morning, we have a couple of areas with unsettled
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weather otherwise quiet including parts of the northeast and great lakes and plains, taking a look at the radar we have showers moving in parts of new england a maine and texas and yesterday we dealt with heavy rainfall and threat for additional rain is in place today not only across texas but extending farther east across portions of the gulf coast where we could see showers and storms by louisiana, they still have ongoing flood water in place out there. out of parts of the west, the big story of how dry it is. the elevated fires and ongoing fires and today we still think it's high fire danger. so again red flag warnings, fire weather watches because of low humidity and gusty winds and
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temperatures across mid-west and into the northeast are going to be below average today. feeling like falllike during the morning hours out there. you can see in cleveland forecast 76-degrees, you'll be in upper 60's of northern new england but still feeling like summer across the center of the nation and extending to the southeast with highs into the 80's and 90's. let's head over to you lauren and nicole. lauren: thanks, maria. coming up we will have the latest from the campaign trail including sign that is donald trump may be shifting on immigration plan. >> will that plan include deportation for us? >> could be determined. >> pfizer to make a 14 billion-dollar leader for deal in the cancer drug market, we will have those details. check in u.s. stock market futures, a lot of traders away from their desk on vacation. dow futures down 6, nasdaq futures up 1. you're watching fbn:am, first look at morning markets and
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nicole: breaking news this morning on the campaign trail donald trump maybe changing illegal immigration plan while hillary clinton's campaign tries to deflect criticism of foreign money funding the clinton foundation and pointing of a if i thinker ot the trump campaign. we will have all the latest details. good morning to you, i'm nicole petallides. lauren: good morning, i'm lauren simonetti. interest hike might be coming this year. dow 45 points on friday, let's check in and see how we are doing. pretty flat markets, premarket nasdaq futures unchanged. nicole: had been higher a short time ago. in asia japanese stocks edge
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higher helped by weaker currency that could lift japan's exports. shanghai composite indicate ekes down three quarters of 1%. lauren: did you see oil prices last week? shot up 9% giving some of that back. down 82 cents. nicole: devastating floods in louisiana now ranked as the worst natural disaster since super storm sandy and more bad weather is on the way. lauren: pfizer ready to make a 14 dlal deal. nicole: rio olympics ends with the flame being passed along tokyo with 2020 games. united states big medal winner. lauren: it's 5:31 in the morning on monday august 22nd. welcome to fbn:am, fist look at markets and what to expect on the day ahead. nicole: donald trump's new
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campaign manager kellyanne hathaway trying to clarify on illegal immigration this after some reports raised speculation that trump might be willing to allow some illegal immigrant to stay in the united states. >> what he supports is to make sure that we enforce the law, that we are respectful of those american who is are looking for well paying jobs and that we are fair and humane for those who live among those in the country. >> would that plan include deportation for us? >> to be determined. lauren: son eric trump was on sunday morning futures with maria bartiromo yesterday. >> it's interesting as a nonpoption seeing how engrained politics in certain people and never take out the blinders and look outside the party, the party that they always voted before, again if you look at what democrats have done, you
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know, for inner cities, inner city youth, 60% unemployment. they've never done anything. they always promise great things and nothing ever happens. lauren: latino polls show hillary clinton leading trump by 46 points among hispanic voters. nicole: clinton campaign criticizing donald trump for possible connectionses with foreign countries including russia, this comes after chairman paul resigned following reports about his financial tide to foreign ukraine politicians. >> potentially reach into the kremlin which could influence policy decisions and also china has leverage over him and distort the decision-making there. none of this is being disclosed. nicole: this also comes after recently revealed emails that the state department sought a land department with nigerian firm that was tied to the clinton foundation.
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lauren: former secretary of state collin powell speaking out after some were told hillary clinton, she was using personal e-mail for a year before i sent her a memo telling her what i did, end quote. nicole: now latest on devastating floods in louisiana. more than 100,000 people have registered for federal aid after 60,000 homes were damaged from the flooding. at least 13 people were killed and many call this the worst natural disaster since super storm sandy in 2012. thunderstorms could bring more rain to parts of the state this week. search teams continue to look for possible survivors. >> we are going door to door if anyone is unaccounted for, you know, this is a tight-knit community but if anyone is missing or what not, we are just going through and making sure everyone is accounted for.
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nicole: white house says president obama will travel to louisiana to survey the damage on tuesday, donald trump and his running mate mike pence visit it had state on friday. lauren: after two cases found in miami-dade, officials warning that other states are vulnerable to the virus. >> the ones most at risk, george, those along the gulf coast, you would not be surprised if we see cases in texas and louisiana particularly now where you have the situation with flooding in louisiana. there's going to be a lot of problems getting rid of standing water. lauren: flood waters could be a breeding grounds for mosquitoes. congressional lawmakers from both parties locked in a battle over a billion dollars in zika funding. nicole: evacuation order has lifted in southern california where massive wild fire destroyed more than 100 homes,
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the fire is more than 10,000 firefighters try to contain six large wild fires across the state, one of them in central california has destroyed nearly 50 structures and threatening more homes as well as hurst castle, a national historic landmark and popular tourist attraction. >> we have now have the hurst contingency group. we have resources here, firefighters and fire fighting equipment doing preplanning here in the hurst area. nicole: well fire officials say the wild fire near hurst castle is about 35% contained. lauren: turkey's president blames isis for the suicide bombing at a turkish wedding party that killed dozens of people on saturday. turkish president erdogan said that the bomber was between 12 and 14 year's old. the blast killed 51 and wounded 69.
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17 of them are in critical condition. nicole: this could be a merger monday on pharmaceutical sector. pfizer is close to an agreement to buy medivation. the deal cob announced close as today. medivation sells a leading prostate drug leading $2 billion in sales a year. analysts that could double. medivation shares are up in premarket trading and the deal was on a 36% premium from friday's close. lauren: with that, let's get you caught up on global market action overnight. the meeting in wyoming later this week but every market is paying attention to that. two up arrows and two down arrows. the shanghai composite in china down three quarters of 1%. nicole: european leaders are meet to go discuss the refugee situation.
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merkel meet to go disdhauses. right now london fiduciary duty down 1 quarter of one percent. cac quarante up and german dax up a half percent as well. lauren: here in the u.s. stocks futures are looking mixed but relatively flat. s&p unchanged, 30 days in the a row without a 1% move in either direction. dow futures down just a point right now, nasdaq futures up 2, eight weeks in a row, haven't seen that since 2010. nicole: oil is pulling back, once again there's talk about iran production, that's putting a damper on things. gold also pulling back down 8 and a half dollars at 13.37 a troy ounce. lauren: this is how the dollar is trading against key currencies. weakness for the euro. the mexican peso and japanese yen versus the u.s. dollar this
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morning. nicole: take a look at the yield right now. lauren: unemployment rate has covered close to estimate of full employment rate. inflation rate is near the fed target of 2%. he reportedly said that a 2016 rate hike still under consideration, now fed chair janet yellen speaks at the fed annual retreat at jackson, wyoming. nicole: lyft is trying to find a buyer, trying to sell to general motors, appear -- apple, google and it would take billions of dollars and hundreds of employees to spread into new cities and local laws are not always so friendly.
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lyft was valid at $5.5 million after investment by gm. lauren: companies reporting earnings tomorrow. best buy to show decline in easterning from the same period last year. earnings at 43 cents a share down from 49 cents a year ago. best buy shares up 8% in the past year. home builder tow brothers expected to report earnings, up 36 cents from the same quarter last year. tow brothers shares are down but they beat estimates in the last quarter, the company getting a boost from the recovering housing market. analysts are predicting increase to a dollar 74. shares up more than 40% in the past year. nicole: here is a look at the
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headlines. valiant, cfo role. valiant expected to hire paul. kimberly-clark' have no where to hide the maker shift to one focus on pushing workers to constantly improve and getting rid of those who can't keep up. u.s. faces setback in asia if ttp trade deal does not pass. president obama's transpacific trade deal is becoming policy failure in asia. the likelihood appears bleak. lauren: legal drag racing in public streets outside of detroit. jeff flock has that story.
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>> you have the car that has the most horsepower? >> some of the cars out here today 700-horsepower is just the beginning. lauren: just the beginning. ashton martin made in collaboration with italian design firm. if you can get your hands on that, what would it cost you? we will tell you. you're watching fbn:am, first look at morning markets and breaking news
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not knowing what to do, they do nothing. but the people who do something, the people who take action, are far more likely to get the most positive outcome. making home affordable is a free government program. call now to talk one-on-one with a housing expert about the options that are right for you. real help. real answers. right now.
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lauren: good morning it's 5:45 a.m. in new york. let's gets you caught up on what's happening now. donald trump's manager says it's still not decided if he will continue foration -- deportations of millions living in the u.s. flood waters killed at least 13 people in louisiana are begin to go recede but a massive clean-up and rebuilding remains, estimated 60,000 homes have been damaged, more than a hundred thousand people have registered for federal help. a big drug deal could be announced monday, pfizer close
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to buy medivation and price tag $14 billion. medivation sells leading prostate drug and with that, let's check u.s. stock market futures ahead of the opening bell. dow futures down 8 points, s&p futures not down a point and nasdaq up not even a point. nicole: check this out, drag raker burning rubber in michigan, heading the streets to legally drag race by event sponsored by dodge. >> guys, you are looking at the first legal racing ever in detroit. this is a tesla versus a corvette, anybody can bring their cars, their hot rods out here and whoa, tesla is taking off: corvette left in the distance. i have tim with dodge, although you run dodge, you run -- >> srt, chrysler and fiat.
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it was against cheafy. >> he doesn't mind. >> most powerful car. charger, some of the cars out here today 700 horse power is just the beginning. jeff: people mess with them. one that you sell, it's a camaro. >> $19,000 in prizes here today. as of 3:00 o'clock this afternoon we had 15,000 people through the door. jeff: wow, amazing. part of the dream crews where you just see essentially what's this? that's a ford -- looks like -- what is one of those ford flex.
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>> the charger, the gas generation charger. we call it street racing because run what you bru in, g. jeff: i will leave you guys with this picture, the ford flex and a dodge, is that a charger. that's not the -- we will leave you. ford is trying to edge a little closer there. flex has something to it. i don't know. we can't see far enough. >> that was not a stock flex. i don't know what he did, it should not be that fast. jeff: first ever street legal racing outside detroit, they've done it i legally for many years, now it's legal at least for one day. [laughter] nicole: that's amazing. i'm going bring my dodge
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durango. lauren: she's in i'm out. ashton martin with these two new vehicles. ashton martin with v12 engine provides 900 horsier. 15 come to the u.s. $800,000. nicole: beautiful. coming up rio olympics and with the flame extinguished and passed to tokyo.he box office. >> my family was one of the most respected, welcome home. >> please, i need you to tell me
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nicole: i love morgan freeman. ben one of the biggest budget busts of the summer. brought in 11.4 million in its opening weekend. coming in first for the third straight week in a row suicide quad. a little over $20 million, 62 million domestically ranking at fifth among all dc comic adaptations. sausage party coming in second for the second week in a row with $15.3 million, war dogs takes third with 14.3 million while kudo and the two strings round up the top five. lauren: let's take a look sports. american men's basketball got the gold beating serbia 96-66.
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kevin durant scored 36 in final olympics. american boxer defended london 2012 gold in middle weight division. she beat a boxer from the the netherlands. 2016 rio olympics are history. so many people stop today take selfies with her. the closing ceremony features the colorful celebration and fireworks and appearance by the prime minister of japan. now it is on oh to tokyo in 2020. the u.s. dominate it had medal count with 121, 46 of them being gold.
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go team usa, second and third place china with 70. great britain with 67. nicole: before you head out the door let's take a look at monday forecast. maria: good morning, we are tracking a few areas of messy weather out there including portions of the southwest, across parts of new england, we also had some rain and still continuing across portions of maine this morning. you're going need that umbrella add you head out the door. and big story across parts of gulf coast where we had floods ongoing and yesterday we had storms moving through portions of texas and threat for more storms will continue across portions of louisiana. of course, we are going to be watching that very closely. otherwise out west we had the opposite situation. generally dry conditions out there specially across parts of the rockies and elevated fire danger continues with the number
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of red flag warnings and fire weather watches in effect. temperatures across the center of the nature staying summerlike into 80's and 90's. same goes to southeast. lauren and nicole, take a look at the great lakes, a little bit on the cooler side, 70's and low 80's are in the forecast. lauren: fall means pumpkin spice latte. that's what i'm looking forward to
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nicole: thanks for watching fbn:am. lauren: mornings with maria with starts right now with sandra. sandra: here are your top stories at 6:00 a.m. eastern. the shift continues in the trump campaign just days after a major shake-up, new campaign manager kellyanne hathaway was forced to defend stance on immigration. >> fair and humane way of dealing what is estimated 11 million illegal immigrant in the country. that was part of the discussion. it was a very robust discussion. i've seen here very animated in meetings like this where he is taking notes and receiving information and the rest of the conversation frankly was about job creation, economic revitalization and the fact that small business growth among
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