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tv   FBN AM  FOX Business  September 22, 2016 5:00am-6:01am EDT

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business. comcast business. built for business. dream two breaking news this morning and a fatal police shooting in charlotte, north carolina governor declares a state of being called out the national guard. the very latest on that situation. good morning. i am nicole petallides. cheryl: good morning. i'm cheryle. the federal reserve held off an interest rate hikes. up 163 points yesterday. we will talk to the investment officer about the outlook for stocks. ahead of their opening bell another day pointing to a higher open once again.
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treated to a new show we out there is. the nikkei injured in his clothes. shanghai composite index up to half of 1%. japan closed for a holiday. cheryl: oil prices at 3% yesterday adding to gains overnight. 4575 )-right-paren oil. nicole: presidential candidates react well candidates react well done the chip lead in the battleground state. ceo of mylan refusing to apologize for a 500% price increase for companies epipen product. trade do he misled lawmakers on a chance to impeaching. cheryl: adrian peterson said to have surgery. the rest of this season now in
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question. we'll have the highlights in the latest in the wild-card race for you. treat 25:01 a.m. here in new york. thursday, september 22nd. the first day of fall. we welcome you "fbn:am." this first look at today's markets can and the latest breaking news in what to expect today had. violent protester in north carolina for a second straight night. angry demonstrators clashing with police throwing bottles and fireworks. officers responded/ginny and tear gas. they've critically injured a civilian during the unrest overnight. overall for officers have been injured. north carolina's governor has declared a state of emergency. this comes after a black officer shot and killed a black man on tuesday. the family claiming he did have a gun.
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>> all the evidence supports the version that we found on the scene. it's not my job to dispute any bad inspiration. we will let the justice system run it course. we will see how that turns out. i'm not fabricating anything. nicole: north carolina's governor called in the national guard to restore order. unlike report from charlotte in a few minutes. nicole: presidential candidate. a wife police officer shot an unnamed doctor in tulsa, oklahoma. donald trump on hannity last night. spin the dishes have been. in fact he was doing everything he was supposed to do, everything. a young policeman shot in.
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i don't get it. i don't care where you're coming from. there is something really bad. he was walking. his hands were high. it may be something really bad happened. troon to hillary clinton saying the nation must do better. >> there is still much we don't know in both incidents, but we have two more names to add to a list of african-americans killed by police officers in these encounters. it's unbearable and it needs to become intolerable. >> donald trump expected to spend part of her day right here in new york prepping for next week's debate. a new fox news poll finds that poll finds that trump is leading
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clinton in some key battleground states. republican presidential nominee with 46% support while clinton has 42%. the secretary of state trailing expectations among women and younger voters do not tape. in ohio, trump is at 45% while clinton gets 40%. translated comes from independents and working-class white voters in that state. in north carolina, trump has 47% while clinton has 42%. president obama won north carolina to decimate that in 2012 mitt romney claims that dream that state. true to isis could be turned into chemical warfare. kerry not test to see if the mustard agent was used by the terror group and a rocket attack on tuesday and came within hundreds of years of u.s. and iraqi forces. no one was injured and no sense of exposure.
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the first chemical attack on u.s. forces in iraq since they returned to the country in 24 team. cheryl: federal reserve chair janet yellen rechecked in terms. speaking at a news conference after the fed left rates unchanged in the decision was based on economic fact there's in the central bank is not politically compromised. the sin. >> i think congress very wisely established the federal reserve as an independent agency in order to insulate monetary policy from short-term political pressures. i can say emphatically that partisan politics plays no role in our decisions. cheryl: three members oppose the decision to leave rates unchanged. the domestic says since december 2014. fed policy makers expect to
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raise their rate at their meeting in december. to be the next meeting. >> region showed the whole world had to digest a whole lot of nothing. markets are digesting around the globe. the shanghai composite index up half of 1% in china. the nikkei ) hong kong hang seng up one third of 1%. cheryl: stocks in your trading once again higher. ftse 100 in london at 48. the dax up 135 right now. nicole: picked out several days in a row. i'm 15. the s&p gained 8% yesterday out to paint them to paint the nasdaq in its eighth record of the year yesterday. the commodities take a look at
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these. we are gaining 42 cents right now and gold higher as well. almost five bucks a troy ounce. try it on turn nicole. now for more on the violent protests in north carolina. lee then federer who is live in charlotte had >> this is what they called the epicenter because this is where the balzac -- bars are and the epicenter of the writing. evidently the protesters were after cigarette can read it all. this is one happy new year. it was also all across the country. now in the streets of downtown
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the police clearly needed to calgary last night. now the calvary is coming in the form of the national guard after the governor declared a state of emergency. last night things got out of hand. police officers telling us they felt like their hands were tied. they were glad to make arrests or fired tear gas soon enough. protesters attacked he said they they feel like they're justified. >> i'm primary school, i'm in the car. you know a man got shot over here, right? why would i put myself in danger? i could be at work, school, i could still get shot. >> police pushing back very hard in the social media they kicked us all up saying he didn't have the book in his hand but now putting up pictures saying and
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showing that he had done in his hand and that is why he shot him. putting this in perspective, keep this in mind. the national guard will be on the streets of charlotte, north carolina in the coming hours. this is a swing state less than 50 days to the election. the implications for voting. nicole: thank you. right in the thick of it. stay safe. cheryl: let's look at the headlines in today's edition of "the wall street journal." the sec accuses lynne cooperman. claiming the hedge fund manager needs more than $4 million in illegal profits. the sec's charges are misguided and he will fight them. viacom's interim ceo tom dooley to depart in the dividend cut in half. they've been six weeks later than originally planned after a power struggle and this also
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concerns about an upcoming paramount film that could be a box office bomb according to analysts. new aircraft satellite links are tested. the efforts by hawaiian airlines and fedex would approve communications but also raise cybersecurity concerns. nicole: will take a look at stocks that are watching. shares rallied more than 6% in extended trading after the company posted its guidance for the year and gave up the outlook for the current quarter. different story with electronic supplier said its profit fell by half within the final quarter. less than expect it. shares tumbling nearly 10% after hours. furniture makers quarterly results and outlook came in below the street's estimate. cheryl: a lot of stocks to watch. coming up, a divided federal reserve is to put off a dangerous rate hike apparently
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until after the election. did politics play a role? >> i can say emphatically that partisan politics plays no role in our decisions. tranter ruelas charles schwab where she thinks. in sports, adrian peterson said to have surgery. the rest of the season now question. in baseball, the mets lose but she won't believe how close they were to winning. the latest on the wild-card race. you are watching "fbn:am," your first look at money markets and breaking news. ♪ when it comes to healthcare,
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cheryl: 5:15 a.m. here in new york hit a skate caught up on what's happening out. violent protests striking north carolina for this i can't deny. civilian shot and critically injured another civilian during the continued unrest. four officers injured overall. north carolina's governor has declared a state of emergency. a live report from charlotte later on in the show. in politics, fox news poll shows donald trump leading hillary clinton in key battleground states. the nominee gets 46% support in nevada while clinton has 32%.
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in ohio tribe is at 45%. couldn't get in 14%. in north carolina, truncating 47% work as 42%. stocks rallied after the federal reserve put off an interest rate hike. the dow up 162 points while the nasdaq hit a record high. here's what you got. another positive open in the last few moments. the dow put up by 26. that is what is happening now. the cold. nicole: cheryl, thank you so much. the federal reserve to leave interest rates unchanged. judy garland say the central bank followed the wishes of president obama. with the right to live and saunders, chief investment strategist joining us on the phone. your thoughts on the latest fed meeting.
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>> i think it was not a big surprise. we were down to about 20% likelihood the fed would move. if they have to be be the first time in modern history that the market was in pricing of rate hikes that came. it had more to do with financial conditions have been tightened and going along with what the market was expecting. cheryl: you agree will have a december rate hike. the site is not playing politics. >> i don't think the fed is playing politics. the season into question not. this site is a pretty independent body and i'm not share janet yellen is any different from any other fed chair. you had the futures market happen with 20% expectation. barring any significant change in the data, december is very much on the table. we are repeating the pattern of last year were for a while there
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was a very high expect patient said timber was going to be a hike in financial conditions heighten. they set us up for december. nicole: can you give us a glimpse of the market? stocks gain yesterday. had he feel feel about the market overall? >> our view is this is a season of volatility not just a policy insurgency be doing with the broader issue globally of coming to the realization central banks are omnipotent. the? we will not last forever so that will be of volatility that during the election will be a sector. >> earlier this week the bank of japan using and the fed talking about it than likely going to titan in december. seems like a work to banks. >> we've had divergence for quite some time.
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they stopped the quantitative easing two years ago. the divergence has been a big fan which is why the dollar has been relatively strong. what japan did reflects a view that is being expressed more vocally by central banks, certainly their critics, that some of the policy needs to be rethought that you are dealing with the law of diminishing returns. what japan did reflects the problem is causing for financial institutions. train to volatility in the bullish side to her. -- sector. >> it's not solely to argue that we are going to continue to see rate hikes in a subtle fashion the valuation is pretty supportive, too and technology as well. chief investment strategist charles schwab, thank you for getting up and giving us a special insight. >> my pleasure.
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cheryl: coming up, sports news for you. adrian peterson said to have surgery. the rest of the season now question. in baseball, the mets lose but it was so close. we'll have the highlights in the latest in the wild-card race coming up next. checking your stats index futures as they move into break. s&p and nasdaq as well. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
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nicole: welcome back at 5:24 a.m. the latest from the world of sports. adrian peterson may be a little longer than planned. he will now have to repair a torn meniscus. the team did not put him on injured reserve. the remainder of the season remains in question. typical recover further surgery through before my brother timetable won't be clear until after the procedure. do not sell or-free to
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right-center field were dealing the winning home run to end the game. the mets remain in a three-way tie in the national league wild-card race. the new york yankees. as new york beat tampa bay 11-5 in their attempt to make the playoffs. it is a wild card. cheryl: feeling kind of bad about the matt. i think were on. i'm not coming up in politics and business including this. donald trump, hillary clinton react into the violent protests in north carolina. listen. >> it's unbearable and it needs to become intolerable. cheryl: well, we'll have the
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latest on the situation in charlotte, north or a minute. we are covering mylan ceo who refuses to apologize for the price hike of the epipen product. just a day after the fed increased interest rates, we are continuing to move higher in the last 10 minutes or so. a look at her dow futures of 48. s&p at six. nasdaq up as well. oil rate-sensitive commodities. oil and gold both moving up at 4573. a lot more coming up. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
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nicole: a second night of protests after a fatal shooting in north carolina. the governor declares a state of emergency and calls out the national guard. the very latest on the situation. good morning. i am nicole petallides. cheryl: i'm cheryl casone and fortran for. the dow up 163 points yesterday. the nasdaq hitting a record high in u.s. futures point to another positive open. schwab chief investment officer lives and saunders about that.
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nicole: stats close in japan for a holiday while the shanghai composite index gained half of 1%. cheryl: oil prices adding to gains. in the interest rate contrasts watching for you. trying to put presidential candidates react well if donald trump leading in battleground states. cheryl: the ceo of mylan in the hot seat refusing to apologize for 500% price increase on the company's epipen product. true to he misled lawmakers for searching back on attempts to impeach and. >> in sports, adrian peterson said such surgery. the rest of the season now question. the mets lose. coming up on the wild-card race.
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first i followed we welcome you to "fbn:am." , your first look at morning markets and breaking news. cheryl: we are going to begin with some breaking news this morning. violent protests check in charlotte, north carolina for a second straight night. angry demonstrators clashing with police throwing bottles and fireworks. officers responding with flash grenades and tear gas. civilian shot and critically injured another civilian during the unrest. four officers have been injured. north carolina's governor has declared a state of emergency. all of this comes after a black officer shot and killed a black man on tuesday. the family claiming he was unarmed. police say he had a gun. the police chief of charlotte x lanyon last night. >> everything we have, all the evidence supports what we hear from witnesses, officers and evidence found on the scene.
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it's not my job to dispute anybody's version. we will just produce the fact on the digestive system run its course. i am not advocating anything. cheryl: at the governor has called in the national guard to restore order. nicole: presidential candidates are spun into the police involved shootings before the incident in charlotte. a white police officer fatally shot an unarmed black man in tulsa, oklahoma. >> this is the man just happened. hansa. he did everything he was supposed to do. everything. and a young policeman shot this one. i don't get it. i don't care where you're coming from. there was something really bad going on. i don't know if she choked. he was walking, her hands were high.
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he put their hands on the car. something really bad happened. nicole: trump made the remarks are in a town hall event posted during sean hannity scheduled to air on the fox news channel. florida hillary clinton saying the nation must do better. >> there is still much we don't know about what happened in both incidents. but we do know that we have two more names to add to a list of african-americans killed by police officers in these encounters. it's unbearable and it needs to become intolerable. nicole: donald trump scheduled to campaign in pennsylvania. hillary clinton to spend her day in new york prepping for next week's big debate. cheryl: a new fox news poll showing trump is leading clinton in two key battleground states. the presidential nominating 46%
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support in nevada while clinton has 42%. the secretary of state trailing expectations among women younger voters in the state. moving on to ohio, is up 45%. translate coming from independents and working-class white voters there. north carolina just 47% to clinton has 42%. president obama won back in 2008 than in 2012, mitt romney claimed victory in those states. let's get you caught up in the global market action overnight. asia continues to be a paris after we hear from the bank of japan and now lives to a december hayek. shanghai composite index in china up half of 1%. the nikkei closed at hong kong hang seng up 31% into his custody of the third of 1%.
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cheryl: right now the ftse in london at about 67 points. cac at 71 and the book at germany. the german market in the last few minutes or so of 177. that's a big move. nicole: emerging markets doing well. you have mark, the world's largest shipping company splitting into two companies. an energy company and transfer company. here's a look at u.s. stocks up to the upside. the eighth of the year is still higher like enough about 14. another record. dow futures of 41, s&p up five. nicole: these are sensitive to interest rates. oil again up 4576 are making a 40 cents ago that 1336 to the upside of five bucks. a couple contracts to watch. for more nevada protests in north carolina. that's good to leave the theater
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and live in charlotte. tell us about the very latest. >> ladies, good morning to you. carrots number of businesses in downtown charlotte who tout their employees and that is a home. this is the first time we've seen one of these anti-police protests arise to downtown. tear gas canisters all over downtown. you can see one of the many looted businesses in this case the voters wanted cigarettes and red wolf city to the five finger discount after breaking minutes smashing into this story. police are badly outnumbered. four officers injured. the calvary is now on its way called out in the state of emergency. last night being sent from peaceful to violent very quickly around 8:30. a protester shot and hit another protester. the one who shot his now in very critical condition.
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you can see the violence on the street as the police were restrained making a number of arrests. he wonder where the violence comes from. look at the rhetoric on the streets. >> just note that all white people are the devil's. >> and make sure you hear that one. >> all white cops are devils and white people. >> that was the brother of keith scott, the 40-year-old man who was killed by police. we are told he had it up in a standby family and social media. witnesses and pictures back it up. the man in his 40s had a handgun and next to him where to him where this goes as the national guard is deployed will have major political implications. this is a swing state less than 50 days and you can just imagine
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the number of different parts of the story and how that plays into the election narrative. >> ceo of mylan refusing to apologize for the pain. blake burman has more on that congressional hearing. >> heather brash try to defend her company's pricing practices for the anti-allergy life-saving at the pin. since 2007, mylan his hate for more than $100 to $600. in light of the pr crisis, mylan has introduced a generic version to the market. the house oversight committee getting her to admit the same product is now being offered at half the price. >> was the difference in the generic version? just a name?
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>> it will be the same product with epinephrine autoinjector on it. >> so suddenly at a $608 now you have a generic of the generic and that's $300? >> yes. she only makes $50 per ip patent ms cap children's health in the forefront by offering free at the pens to schools by the thousands. she also downplayed the uproar surrounding the abby penned saying i believe this story got ahead of the facts. back to you in new york. cheryl: thank you, blake. the irs chief expressing regret for mistreatment of tea party groups. john koskinen saying he does not deserve to be impeached. >> i don't think anything has been done after all those pushing over the last year, year and a half.
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if i am in fact forced out, trying to recruit people from the premise that her. people say why should i risk my career or reputation to do public service in that context. >> his impeachment hearing held by the judiciary committee. the commissioner accused of lying to lawmakers, ignoring subpoenas and overseeing an agency for the destroyed e-mail. >> a lot more coming out. it divided federal reserve is to put off an interest rate hike until after the election. did politics play a role? >> i can say emphatically that partisan politics plays no role in our decisions. >> we will ask the chief investments dried cherries liz ann saunders. and in sports, sports, hatred
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and petersons had to have surgery. in baseball, the mets lose. the latest on the wild-card race, not. look in your stock market futures ahead of the opening bell. green across the screen. the s&p and nasdaq as well. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
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trained to good morning. 5:45 in new york. violent protesters striking for a second straight night. a 36 million shot and critically injured another civilian during the unrest. north carolina's governor has declared a state of emergency. in politics, a fox news poll shows donald trump and hillary clinton in key battleground states. the presidential nominee gets 46% support while clinton is 42%. turning to ohio, trump is that for a 5%. north carolina chump has 47%.
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stocks rallied up to the federal reserve put off an interest rate hike. the dow up 163 points yesterday while the nasdaq at its eighth record high of the year. stock market futures continue their momentum. a pair. a pair as the broadband at home futures of 46, s&p futures of five, nasdaq up close to 15. cheryl: and the skins obviously come in after the federal reserve is six by two to leave interest rates unchanged. i want to bring back liz ann saunders, the charles schwab joining us via phone. he said he liked technology and financials right now. i want to get to your view on stocks. you mention financials yet does that include wells fargo? >> i don't cover individual companies. schwab has equity ratings and i'm sure we have a rating on the cob to me. i have no idea what it is.
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let's talk about the sector. he said she really do think that will set the tone for the rest of the year. >> not necessarily the rest of the year. the number one valuations have not got the stretch. though product cavity of limited capital spending. the need for companies to invest and we are still early enough in the cycle that we are maintaining. >> i want to ask you about oil in particular. we added draw down with a lot of volatility in the particular commodity. today we have a weaker dollar. how much of the play on the end of the year. >> i have no greater ability to judge will it be this sweet spot for oil where it's about break even for the producers but sufficiently loud that it
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benefits consumption oriented economy. somewhere around the range per year in. too much volatility on the negative side means we don't get the lift in earnings that is now built-in to expectations in the second half of the year. i would like to see stability more than movement in either direction. nicole: i'm curious what you think about potential in a december raid had. anything that could happen to change their mind about raising interest rates in december's. >> when people talk about the fed reacting to the market, that doesn't mean they are watching the dow were s&p every day making decisions based on that. more broadly they talk about financial conditions in the heart of that has been the dollar. we've been back and forth from tight financial conditions driven by a stronger dollar in
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pretty good equity market, low volatility. august 8th become more dovish when they get those they get those are the steps back in. it depends on all of those factors heading into december. if you continue to see decent numbers on both their mandates, jobs. it is still some strength and inflation they move in december. nicole: i know this is a group that you like. there is the obvious has raised goes out its batters per financials at all. what are you looking at specifically? >> evaluation has been a factor for a while. he ran the risk he was becoming a value trap to the extent the move in the stock were solely a function of type pilot it. now i think you've got the likelihood of continued rate increases at a slow raise.
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cheryl: always great to speak to you. thank you for joining us so early. nicole: glad you joined us. thanks. we had three dissenters yesterday. rosengren joined in december. in sports, adrian peterson said to have surgery. the rest of the season now a question. we'll see just how close they were to winning. the highlights of the latest on the wild-card race. u.s. stock market futures the thought that there is across the board. dow futures of 42, nasdaq futures of 14 after record yesterday. oil gaining a spot. keep it right here, "fbn:am," your first look at morning markets and breaking news.
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cheryl: welcome back. 5:45 a.m. on the east coast. the latest in the world of sports. minnesota vikings adrian peterson a little longer than planned. surgery on his right knee for a torn meniscus. the remainder of his season remained that? typical recovery time for this surgery three to four months. timetable not declared until after the procedure. well, the new york mets were unable to take a game from the atlantic race. the mets stop on incredible final play. drove it deep to right-center
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field with the loss the mets remain in a three-way tie with the giants and the cardinals in the national league wild-card race. the mariners in the blue jays battled it out in extra innings. seattle would come away with a win on robison kid knows five the 12th inning for a two to one victory. mariners win and tighten the wild-card race. seattle remains two games behind the orioles are wild-card spot. that is your latest for sport. nicole: today is the very first day of fall. donald's japan taking the pumpkin crates to a whole new level. restaurants are selling pumpkin chocolate french fries. the fries are drizzled with chocolate and pumpkin sauce just in time for halloween. we will see whether the u.s. will get to try this out.
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cheryl: pumpkin sauce on french fries? anyway, interesting. first, a look at u.s. futures. we've had another strong kickoff to our market. dow putting higher by 41. s&p, nasdaq as well. oil watching the contract after the fed decision to not raise rates yesterday. we will be right back. ♪
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nicole: up arrows continue. we will see if we will make it three. record high yesterday, we see up arrows. s&p futures up a quarter of one percent. we are going to turn it right over to mornings with maria and i say good morning to you, maria bartiromo. maria: thank you so much, nicole.
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so much to report this morning. busy morning. chaos in charlotte. i'm maria bartiromo it is thursday september 22nd, top stories 6:00 a.m. on the east coast. protestors, riots, looting, extending into a second night in north carolina. the governor declaring a state of emergency, protestors looting the nascar fall of fame, several hotels, at least one person has been shot, four more police officers injured, the demonstrations turning violent. charlotte police chief says the officers can no longer be patient. >> we are trying to disperse the crowd. we are been very patient but they have become aggressive throwing bottles at my officers, it's time for us to restore order. maria: we will have the latest from donald trump and hillary clinton reacting on the situation. brand new polls this morning. fox news polls highlighting key states including north carolina just days before the first

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