tv FBN AM FOX Business November 10, 2016 5:00am-6:01am EST
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others, i am honored to have a front row seat. lou: jeff dewitt, we appreciate it. >> thank you. lou: t >> breaking news. president-elect donald trump and his wife melania had to the white house to meet with president obama in the first lady. i am wearing femininity. >> i am nicole petallides. anti-china protesters hit the streets burning flags and setting fire in the street. more on that. u.s. stocks were sharply higher yesterday pointed higher yesterday. the dow up 250.10 we may hit a record high today. let's check in right now and see her features are shaping up with another rally on our hands. nasdaq futures up 1% from the
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train to a look at this with japan saying 5% yesterday. the nikkei average soared 7% or thus check out the shanghai composite index. lauren: crude oil prices rising three days in a row. nicole: earnings season may be winding down, kohl's, macy's, nordstrom's altar report the latest results. lauren: cord cutters have espn affected disney earnings. they are out after the closing bell. nicole: in sports at his career versus curry. seth curry playing for the dallas mavericks. we have the highlights. lauren: 5:01 a.m. in new york. your first look at today's markets in the latest breaking news. nicole: president-elect donald trump to meet with resident
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apartment this morning. president obama sincere about fulfilling its responsibility to ensure a smooth transition of power. >> president obama has experienced firsthand how a president benefit from the incumbent president devoting time and energy necessary to help an incumbent president cannot do it a running start. president obama is genuinely rooting for president-elect nicole: succeed in a night in the country. trying to the team includes how the trump administration can quickly build a wall on the mexican border. president-elect has also spoken with leaders of u.s. allies including israel, japan and south korea. benjamin netanyahu calling him a true friend of the state of
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israel. lauren: thousands of protesters across the country taking to the streets in major cities burning flags and setting fire expressing their disapproval of tunnel chance election. chicago, los angeles and new york city. >> the entire election was an outrage. >> i think they trump -- [inaudible] this is the people wanting to a lack. >> hillary clinton appears to have won the popular vote despite losing the electoral count. trained to look at the market action. when markets are selling off, the nikkei was down over 5%. a dramatic selloff. now after today's trading a today's trading to close up
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almost 7% in japan. the shanghai composite up 1.3%. a sharp rally in europe as well. 1% gain for the cac in paris. the ftse in london that three quarters of 1%. it started off to the downside. overnight last night yesterday moved higher throughout the day came 255-point and tacking onto the dow futures up 145 points this morning and now could set a record over the three days of gains. after rising for three days, oil giving back a little bit today at $45. where does the market go from here? good morning, rob. lauren: a major reversal.
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tuesday night features on more than 800-point but the rally of 257. up again this morning. why the reversal? >> there's two things at work. one of but patience and the there is certainty. the expect a was clinton would win the election and when she didn't, when it was becoming clear that knee-jerk reaction was for traders to sell. but after that happened and we got some certainty of this long campaign, that is where we saw the valley. a lot of investors believe u.s. stocks are still fairly valued. value players jumped in and give us a nice rally. nicole: let's talk about something front and center, the banks. we saw five, six, 7% gain for banks and now we watch financials today trading higher.
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the idea is trump comes in my speculation was that dodd-frank and reinstates glass-steagall. nobody knows what is going to do. what do you think about the financials and would you go with this group? >> i agree. we are going to see less regulation. that is a good thing. at the same time that only goes so far. another factor for the fad -- excuse me the banks as they would like to see the fed raised rates which would help them out as well. that is really what's going to sustain bank earnings. ip mutual right now i'm banks. i'm not under reading not under reagan and they just don't think we see long-term sustainability and earnings. lauren: the pollsters got the election really wrong. had that happened?
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>> i've been trying to figure that out myself. he relates to the way the pollsters to their waiting. there is only one poll that i've seen with the university -- the market got it wrong, too because they were going off the polls when you get down to it. lauren: is a trump administration could have got for stocks? >> their stats back to 1929 that shows the stock market does better with democratic presidents than republican ones. the reason for that is that historically democratic presidents have been looser with fiscal policy and when republicans come in and they've got a on the brakes. lauren: chief investment officer at the financial group. nicole: senate majority leader mitch mcconnell say the republican party will work to change the course for america and he targets obamacare.
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>> it's a pretty high item on our agenda as you note and i would be shocked if we didn't move forward to keep our commitment to the american people. nicole: president of all muslims to fight climate change are also a prime target for elimination. lauren: donald trump once surprising polling organizations to search data may have provided a clue. google says trump accounted for 55% of search between november 6th and election day and he dominated hillary clinton during the final week of the campaign. what did people search for google of the day after trump on? among the top trending questions who won the popular vote? how old is hillary clinton and how many people voted. nicole: the popular vote would go to hillary clinton. how old is hillary? i'm going to get 70. how many people voted? i'm not sure.
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falling demand for cars. the automaker says 2000 workers will be laid off indefinitely in ohio and michigan started in january. the factory in ohio makes chevrolet cruise for the one in michigan makes the camaro. the cadillac dts and sales have been strong for gm pickup trucks and suvs thanks in part to cheaper gasoline. gmc sales are down 3.6% so far this year compared to a more modest a client for the wider market. lauren: another set out for go appropriate the company recalling its first run after a few lost power while in flight. go pro isn't saying that the problem is that the karma but it says it will issue refunds for the 2500 told since it launched two weeks ago. the recall comes after go pro says production issues would delay shipments of its hero 5-k
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row. go pro shares closing down 4% yesterday. after two brokerages downgraded their ratings on the stock if you're concerned about how the stock is doing for the year that is down 42%. nicole: a big shakeup happening at twitter. adam davis stepping down and been replaced by chief financial officer anthony noto. the social media company has started a search for a new cfo. churning twitter in 2010 with the architect of the advertising business. the latest executive to leave that company. investors not happy to hear the news of a departure after falling 4% yesterday shares are lower in premarket trading closed at night team 13 a share. lauren: the department store expected to report lower earnings per share and revenue from a year ago. investors will look for cruise on how the company is gearing up for the critical holiday shopping season.
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we'll also hear from cold spit the retailer will post lower results from last year. consumer spending due to concerns over the election. and then we hear from nordstrom after the close today. the upscale retailer to report weak sales in the latest quarter but growth that is half price expected to continue. nicole: here's a look at headlines in today's edition of "the wall street journal." my length at the pad pricing controversy took installed the latest results. posted in a loss for you by lower volume. the company took charge related to a settlement with the u.s. justice department on the pricing of the life-saving device for people with allergies. yahoo! investigating whether an unidentified attacker has access to it user account data. for 2014 have took information including names and addresses and dates of birth for more than 500 billion accounts.
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viacom says its quarterly profit plunge more than 70% a year ago and continued performance of the weaker showing at the box office. news comes as viacom explores a possible merger with cvs. lauren: at the polls showed picking supreme court justices was a major or for most voters. how will president electron's choice to take issues like abortion and gun control? >> i thought it best the american people decide. the american people have spoken of president trump will send us a nominee. lauren: a closer look. we will be right back. energy are smooth and tasty, and still deliver 21 grams of protein with 100 calories. they're great for workouts, no matter how you work out...
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nicole: good morning to you. 5:15 a.m. in new york. a skier caught caught up on what's happening. donald trump of us a president obama at the white house later today. they plan to discuss plans on a smooth transition. could be an awkward meeting. trent has to turn back much of obama's signature working closing the health care lot in the iran nuclear deal. tens of thousands streamed through cities expressing dismay at the election. many work their their way to trump properties and chanted not
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my president. protests were largely people. we are keeping an eye on disney shares today. the company posted earnings. investors focusing on what the company says about espn or the channel has been a cash cow for disney but its long-term growth has been threatened by a court setting. let's check in on u.s. stock market futures get the gal had a great week up almost 4% in three days of trading over 700-point again and today could be a record. dow futures up 142-point. s&p futures up 15. lauren: up for four days in a row. president-elect donald trump's first and most urgent duty is to fill the vacancy on the u.s. supreme court. shannon bream has the details. >> lorinda nicoll, one of trump's first new decision will be election of the supreme court nominee. the vacancy since the sudden of
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discovery in february. exit poll shows seven out of 10 voters for his department says the most important are a major factor in their voting decision. those who have identified the supreme court is a priority come the 56% voted in favor of trump versus 41% for clinton. two lists of potential nominees and campaign manager kellyanne conway says nothing has changed. >> is to be someone who adheres closely come it doesn't make up the loss. doesn't have a political agenda. 19 or so men and women who spoke forward fit the description. nicole: medically once clerked for justice alito. weeks ago brushing off the discussions said he was busy can get it to be reelected. this morning he congratulated trump hoping to repeal by mccarrick and reduce regulation and confirm conservative judges. another name on the list texas
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supreme court john wood )-right-paren twitter he is not trump's number one fan. he went to the bush 43 administration is prolific on social media and that includes some jabs at trial. diane sykes is a conservative favorite who serves on the seventh circuit one step further supreme court. she's been in private practice at the county judge in wisconsin superb court before taking her current post. tuesday night after additional exit polling before results started coming in i spoke with one senator who said there is growing support for the possibility of moving forward in president obama's nominee judge merrick garland, president-elect quit and was elected. lorinda nicoll, back to you. nicole: coming up in sports, curry versus curry. the nba warrior stars seth curry versus his brother playing the dallas maverick spirit all the highlights for you.
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why is the presidential prediction or in a theater not? >> america, take a good literature beloved candidate and i think that reptiles. nicole: not that one. another prediction will tell you about. u.s. stock market futures after yesterday's surprise gain. dow futures up 156. s&p futures gaining 17. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ [accountant] my job is to manage and grow businesses.
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nicole: the polls may have gotten it wrong, but the simpsons predicted donald trump's presidential bid are back in 2000. read to the cartoons in a season 11 episode bart simpson had a vision of the future in which his sister lisa becomes president of the united states. the head of the administration on other than donald trump. >> we've inherited quite a budget crisis from president trump. how bad is that secretary then how? >> we are broke. >> the country is broke? how can that be? >> remember when the last nation invested in the in the nation's children? a mistake. nicole: this is the first 10 the simpsons have seen into the future. early episodes predicted the great financial crisis and the arrival of apple watchers. lauren: are busy. donald trump's victory good fans
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and tread -- martinsville is making good on its promise to release the one and only copy of an album by the group wu-tang clan. he got the upper mosher for $2 million. in october he promised to release it if trump became president and he is president. yesterday he started to play clips during a live video that was posted to twitter. i know you want to hear but we can't play it for you. the language is not good for tv. nicole: a look at the latest in the world is worse. seth curry showed his little brother abbas of the two matched up last night. golden state words took on the dallas mavericks. his brother scored 24 points. golden state posted 211596 and meanwhile the warriors, kevin durrant scored 28 points for 72 straig regular-season spirit san antonio spurs are averaging
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douglas had 24 points and 15 assists and 12 rebounds in the rockets succeeded the first one-to-one-99. the team did not lose at home last season. here's a very special moment right here in new york. during last night's game, they recognize united states army sergeant luciana u. folk, a veteran of 36 years. the surprise him with murphy, a service dog. he was injured on duty in afghanistan and 2014 and recently retired from duty and has been waiting on a waiting list for a dog for 18 months. there you go. now he has murphy. lauren: what a beautiful story and a great name for a dog. turner field getting a new owner. georgia state university by the stadium for $23 million.
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the stadium has been home to the braves for 20 years. they are moving to a new park next year. the university will pay another $26 million to convert the field into a football stadium. the panthers plan to play in their new home next season. nicole: coming up, president-elect donald trump heads to the white house to meet with president obama. >> obama is genuinely rooting for president-elect trump to proceed in uniting the country. disney reports earnings today. the future of espn will dominate that succession. how many cord cutters have left the cable network? check in on u.s. stock market futures of three days in a row. 700 points at 4% for the dow today. dow futures up 163, s&p futures at the team. you are watching "fbn:am," your first look at morning markets
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or laps... or distance. you gotta try it... period. protein shots from 5-hour energy. great taste. 100 calories. 21 grams of protein. nicole: breaking news this morning. presidential elect donald trump had over to the white house to meet with president obama and the first lady. good morning. i am nicole petallides. lauren: tens of thousands of anti-charm protesters hitting the streets marching against the president invites, burning flags and setting fires that we will show you the latest. nicole: a different story. the data of over 250 points. we may be set to hit a record high today. let's check in on u.s. stock market futures this morning after shaky ground yesterday looking up. dow futures up 155 points.
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s&p futures of 17. nasdaq up 50. lauren: in japan the nikkei fell a whopping 5% yesterday but today soared almost 7%. in china the shanghai composite raising 1.4%. nicole: today pulling back a 7 cents 4520 of barrow. nicole: earnings season that winding down but today i look at how three of the nation's big retailers are faring holes, macy's and mars is all set to report their latest results. lauren: also see how the cord cutters are doing and how that affected disney earnings after the closing bell today. in sports, curry versus curry. warrior stars seth curry earns his brother seth curry playing for dallas mavericks. must've been confusing for the mom growing up. nicole: 5:31 a.m. in new york on thursday, november 10th. we welcome you to "fbn:am," your
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first look at money markets in the latest breaking news. lauren: president-elect donald trump to me but president obama this morning. president bob is sincere about fulfilling his responsibilities to ensure a smooth transition of power. >> president obama has experienced firsthand how a president that says from the incumbent president devoting the time and energy necessary to help an incoming president get off to a running start. president obama is genuinely rooting for president-elect trump to succeed in uniting the country. lauren: the transition team drafting a block away from the white house. the team reportedly includes a unit study in how the trump administration can quickly build a wall on the mexican border. the president-elect has also spoken with leaders of u.s. allies including israel, japan and south korea.
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israeli prime minister benjamin netanyahu colin trump a true friend of the state of israel. nicole: meanwhile, thousands of protesters taking to the streets across the country burning flags, setting fire in the streets come expressing disapproval of donald trump's election including chicago, los angeles, seattle and new york. >> the entire election is an outrage. >> many terrible leaders. >> hillary clinton was the popular vote. it's not okay that she is not our president. nicole: despises in the electoral count, clinton is on base to win the popular vote. lauren: let's get you caught up in the global market action overnight. and each of the nikkei surging back after a 5% decline the day before at the home of 7%.
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today the hang seng in hong kong at 2% of the cost and south korea gaining two and a quarter% and the shanghai composite of 1.4%. nicole: europe took our cue. financial mature is leading the way analogous in european trading. the london ftse up 1%. cac of 1.3%. german dax of 1.1%. transfer the stock market reassessed in with the presidency of donald trump will look like for the markets and it seems like you like it. the market of three days in a row. 159-point gain yesterday. the s&p had 17 points in the premarket right now in the nasdaq up 50. true through those three days were the largest game that we've seen since june 2013. the body also than running up right now to point to a five for the 10 year bond yield. nicole: where does the market go from here?
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rae garland, senior analyst joining us now from london. good morning. we certainly had a very busy few days. your thoughts about what we will see going forward in the week ahead. >> yesterday's rebound was very strong of course and that's where many people little more optimistic following the trump election which was initially followed by this extreme risk aversion. people are looking more and the positive side of things. his speech following the election was extremely important. the unity and fiscal stimulus measures in areas like you are structured is giving people a sense in the near term we will see more benefits of trump's election and higher gdp as opposed to some of the things they created fear in the market here's some trade deals essentially extreme and the trade bustle with china. people are more focused on the posters right now and that could potentially help markets have a
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good unto thee here. lauren: the market reaction to the u.s. presidential election and the reaction to leave the european union. how are they similar in your opinion? >> well, one of the areas they are similar as people focus initially on the negatives. one of the things you can sometimes see in the market is this herd mentality that people convince themselves something in the long-term and initial reaction to it when it comes as a surprise the markets can't initially be the scenario itself. the similarities they have and we saw rallied following the brexit vote after the initial couple days as people see some of the worst aspects of the result more of a longer-term issue and in the short term can actually be relatively stimulus. that's a tall prepare the market. equities commodities, on deals.
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>> the broader markets are so volatile. commodities being extremely volatile. there's just so many stimulus is in the markets right now and they are not going away. they conjure the presidential election pass they said kurt fed rate hike in december. the ecb providing more stimulus with a crucial referendum also in december and then remove it to next year and the focus moves back to german elections, french elections which for anyone involved in the market is a good thing. >> that's a lot. thanks. nicole: senior marquardt analyst in london. thanks. nicole: ms. bacall said the republican party will work with the trump administration to
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change the course for america. he targets obamacare. >> is pretty high item on our agenda as you know. i would be shocked if we didn't move forward to keep our commitment to the american people. nicole: senator senator mcconnell saying the limits on the coal industry to fight climate change rsa prime target for elimination. nicole: donald trump standing when it didn't surprise many: recommendations for search data from google may have provided everyone a clue. according to the information trump accounted for 55% of searched views between november 6th on election day he dominated hillary clinton and searches during the final week of the campaign. the day after trump one.training questions, who here is one of them? who won the popular vote? how well does hillary clinton
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and how many people voted? do you know the answers? we'll have those answers coming up later in the hour. nicole: general motors announced in may of two to recommence the cars. 2000 workers laid off indefinitely as two assembly plants in ohio and michigan starting in january. the factory in ohio that makes the chevrolet cruise while the one in michigan makes the chevy camaro and the cadillac dts and ctx luxury sedans or effect it. sales have been strong for pickup trucks and suvs thanks in part to cheaper gasoline passenger cars not so much. gm sales down 3.6% so far this year. gm shares compared to more modest decline for the wider market. nicole: morrissette asked that the company recalling its first-round after a few of them lost power while in flight.
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the dakar mantra at about $799. he will issue refunds for those drugs sold over the lawn two weeks ago was delayed and it came up with recall comes after last week to production issues of the euro five camera having issues as well. go pro shares yesterday down more than 4% after they downgraded reid announced a good for the year down 42% close to $10.41 a share. lauren: a big shakeup that twitter is hitting the start. chief operating officer adam bain is stepping down will be replaced by anthony noto. twitter says he started searching for a news tsa. he joined twitter about six years ago. he was the architect of the advertising business. he's the latest executive to think the company. investors might. investors not have to be given is investors not happy to hear the news of his departure after falling 4% yesterday.
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shares are there right now and premarket trading. nicole: a look at the headline in today's edition of "the wall street journal." mylan pricing host at a loss for by epipen volumes with a $465 million charge related to settlement with the u.s. justice department on pring of the life-saving device for people with allergies. yahoo! investigating whether an unidentified attacker has access to its user account data. the 2014 hack took information including names, e-mail addresses, dates and birth from 500 million accounts. viacom said its quarterly profit plunged within 70% a year ago i continues off performance and a weaker showing at the box office. this news comes as viacom is exploring a possible merger with cvs. lauren: at exit polls showed taken supreme court taken
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supreme court justice is a major factor for most voters. hello president-elect trump's choice affect issues like abortion and gun control? >> i thought it best the american people decide it made this point. the american people have spoken and president trump will send us a nominee. lauren: shannon bream will take a closer look for us. let's check in on stock index futures rising for the fourth day for the dow up 161 and premarket. s&p a big team. nasdaq jumping 51 points. you are watching trans ban, your first look at morning markets and breaking news. ♪ vo: introducing the new motoz droid
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nicole: good morning. 5:45 a.m. many are. fresh off a stunning victory, donald trump will does the president brought obama at the white house later today. the two plan to discuss plans for his midterm vision. it could be an outward meeting but trump has vowed to turn back much of obama's signature work including the health care lot and the iran nuclear deal. see how it goes. demonstrators across the country protesting president-elect donald trump. tens of thousands share in two cities expressing dismay over the results of the election. many worked their way through trump owned properties and
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chanted not my president. his were largely people. keep in the at disney shares today. the company posts earning after the bell. investors focusing on what disney says the cable sports channel has been a cash cow for disney but its long-term growth has been threatened by cord cutting. let's check in on u.s. stock index futures. we are set for another rally today. dow futures jumping 150 points. nasdaq futures up 40 points. nicole: one of the soon-to-be first and most urgent duties is to fill vacancy in the u.s. supreme court. shannon bream has the details. >> lorna nicole, one of trump's big decisions will be his selection of a supreme court nominee to fill the seat left vacant since justice scalia's sudden death in february. but apparently matter to voters. seven out of 10 voters for a supreme court appointment as the
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most important or a major factor in their voting decision. this identified the supreme court is a priority, 56% voted in favor versus 41% for clinton. transfer these two lists of potential nominees and campaign manager kellyanne conway says nothing has changed. >> a should be someone who adheres closely to the constitution, does that make up the laws as they go along and doesn't have a political agenda. the next 10 or so men and women who spoke for it fit that description. reporter: that includes mike leigh who clerked for justice alito. to brush out the suggestion saying he was as a campaigning to be reelected. when he congratulated trump said he looked forward to helping him repeal upon the care can reduce regulation and confirm conservative judges. another interesting name on the list is texas supreme court justice shawn willett who made clear he is not trump's number one fan. he worked in the bush 43
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administration is prolific and that includes job but trump.anea conservative favor to service on the seventh circuit one step below the supreme court. she said is that the county judge in on the wisconsin supreme court before taking her current post. tuesday night after some additional exit poll in them before the results started coming in i spoke with one gop senator who said there is growing support for the possibility of moving forward and president abbas nominee, judge merrick garland as clinton was elected. it's a brand-new day now as they await word of potential trump nominee. marina nicole, back to you. nicole: comeback in sports history versus curry. the nba warrior says curry playing for the dallas mavericks. we will have the highlights. did "the simpsons" actually predict the trump presidency?
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>> america, take a good look at your candidates. nothing but faced reptiles. lauren: will tell you more about this fund. people have been making money. the dallas points away from a record high. futures up 149 right out. nasdaq teachers jumping 48 points. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ ,l
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back in 2000. season 11. the vision of the future in which his sister lisa becomes president of the united states. the head of the previous administration on monday that donald trump. >> is in a would've inherited quite a budget crisis from president trump. how bad is it secretary van houten? >> we are broke. >> the country is broke? how can that be? >> remember when the last administration decided to invest in our nation's children? big mistake. lauren: it's not the first time "the simpsons" has said into the future. they predicted the great financial crisis and apple watchers. trent is not a prediction the next president will be a woman who takes over for trump? donald trump's victory may be good news for music fans. pharmaceutical executive martin tran for making good on his promise to release the only copy of an album by the group wu-tang clan.
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transfer purchased this album for $2 million. he promised to release a deft donald trump became president. yesterday shkreli started to play some clips are in a live video posted on twitter. the language not clean. in fact it's explicit that we are not going to play it for you. lauren: you can watch later ran around good look at the latest in sports. says curry showed his little brother seth curry who is boss. the golden state warriors took on the dallas mavericks. reminiscent of their schoolyard days come a tortious brothers going 24 points as golden state coasted to 116-96 win. they scored 20 points for 72 straight regular-season games with at least 20 points tying him with michael jordan. san antonio spurs are happy james harden has left town.
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triple dub was 24 points and 12 rebounds. the rockers defeated the spurs 101-99 and the third straight home loss. last season until april 11th. lauren: we want to share this very special moment in new york during a timeout at last night's game at madison square garden. the next recognize united its army veteran of 36 years. the next surprise him with murphy, a service dog. he was injured on duty in afghanistan in 2014 and recently retired from duty. he has been on the wait list for a service dog for a year and a half and he just got murphy. nicole: that the cutest video advert and we thank him for his service. turner field in atlanta is getting a new owner. georgia state university by new stadium for $23 million. the stadium has been home to the atlanta braves for 20 years. they are moving to a new park
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next year and the university will pay $26 million to convert the field into a football stadium. the panthers plan to pay him play in their next new home next season. lauren: thanks to social media we now know who voters wrote in on the ballot. here's some of the country's popular writing does. or ron banks, the guerrilla killed at the cincinnati zoo. cleveland cavaliers play jr smith. steve austin the wwe hall of famer and hennessy as in the cognac brand that's been around for 250 years. are you kidding me? we told you earlier about the pop peeler google searches related to the election and will not give you the answers. who won the popular vote? the answer is to let clinton. hillary clinton is 69. how many people voted? at least 120 million.
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cast their ballots for president of the united states. nicole: coming up, we were handed over to "mornings with maria." because a record high for the dow today. three days of gains looking like the fourth up 149-point with s&p futures up 16. the averages gained three quarters of 1%. you are watching "fbn:am". ♪
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mam. >> maria bartiromo will take you to the next -- maria: thank you for joining thursday, november 10th. good to have you with us. top stories right now 6:00 a.m. on the east coast. president-elect donald trump heads to the white house today for a meeting with president obama. the message from president secretary to let clinton is the nation must come together. >> i still believe in america and i always will. and if you do, then we must accept this result and look to the future. donald trump is going to be our president. we owe him an open mind and a chance to meet. >> i'm confident this incredible journey we are honest americans will go on. and i am looking forward to doing everything i can to make sure the next president is successful is
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