tv FBN AM FOX Business December 16, 2016 5:00am-6:01am EST
5:00 am
lauren: breaking news this morning after pennsylvania nominee for the first time in 340 years donald trump returns too say thank you. meanwhile president obama gets set to hold final news conference as president this afternoon. good morning to you, happy friday, i'm lauren simonetti. nicole: good morning, i'm nicole petallides. a wild week in the markets. the dow inching toward dow 20,000, we are less than 150 points away. not sure when we will get it. checking in on u.s. stock market futures. s&p futures down 1. lauren: check out nikkei in japan.
5:01 am
two-thirds of 14% at highest level all year and in china shanghai composite up two tenths of 1%. nicole: oil holding yesterday but still holding about $50 a barrel. lauren: have you seen the dollar, 14-year high against mayor currencies. let's go to europe, the stronger dollar is almost equal in value to the intur -- euro. nicole: 2.56%, hovering around the highest levels in two years. lauren: fbi now investigating yahoo's security hack and reports today that verizon may ditch their deal to buy yahoo as a result. nicole: facebook ceo unveiled effort to wipe out fake news but will it actually work, take a look at that. lauren: the force is with us as
5:02 am
disney latest star wars movie rogue opens, we will have a sneak peek. nicole: the short-handed new york knicks actually fall to the golden state warriors, we will all the highlights. lauren: a lot going on. december 146th, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. president-elect trump holding a big thank you rally in pennsylvania last night and getting ready to name two cabinet members today. >> the president elect will wrap his week here with more meetings today after last night's thank you tour event out in hershey, pennsylvania, trump returning to the city of hershey where he visited many times during campaign including the friday before the election. >> i'm here today for one main
5:03 am
reason, to say thank you tooth incredible people of pennsylvania, thank you. thank you. this is the first time the republican party has won the state of pennsylvania in almost 340 -- 30 years. we made history together. >> the transition team in new york had been quick to point out in recent days they're running ahead of past administrations when it comes to naming a cabinet. now yesterday the montana congressman rye yien -- ryan zinke was named, a transition source says he was not offered the job at the meeting and believe there are others in the running abscott brown may have another chance. in addition to va, the job at
5:04 am
the department of agriculture still needs to be filled, that's about it when it comes to the cabinet. he's making appearance in orlando, florida. for now, lawyer eeb and nicole, thank you guys in the studio. lauren: thank you, connell. sylvester stallone may get chairman for national endowment for the arts. lou dobbs will have coverage of trump rally tonight 7:00 p.m. eastern time. nicole: u.s. will respond, quote, time and place of our choosing. the president is scheduled to hold press conference at 2:00 p.m. eastern time today. he ends presidency with positive ratings for handling of the economy, according to a new fox poll, 52% of americans approve
5:05 am
while 44% disapprove. lauren: wikileaks founder julian assange speaking out about hacked emails about the democratic national committee and john podesta. he was an hannity last night. >> in other words, let me be clear, russia did not give you the podesta documents or anything from the dnc? >> that's correct. >> can you confirm whether or not you have information involving hackedded info from the rnc? >> we received about three pages of information that have to do with rnc and trump but was already public. lauren: it wasn't russia who was it. corporations, even private citizens all vulnerable to cyber-attack like the one on dnc and podesta. nicole: jury in south carolina has convicted dylann roof in the shooting that killed nine church
5:06 am
members in charlton last year. same federal jury will reconvene next month to see if roof should be sentenced to death. he staired straight ahead much as he did in the entire trial. the jury of 9 white people and three black people deliberated following him guilty on all counts against him. lauren: let's get you caught up on global market action overnight. mostly up arrows here. check out the shanghai composite up two tenths of 1%. nikkei two-thirds of 1%, highest level. the hang seng and hong kong down two tenths of 1%. nicole: let's check out what's going on in europe today. we are seeing stocks under prosecution, the cac quarante is down. london ftse is down fractionally and the dax in germany down fractionally.
5:07 am
lauren: dow is up six weeks in the a row. longest winning streak in 13 months. s&p and nasdaq futures pulling back a fraction at the moment. nicole: it is down just slightly this morning. still holding $50 a barrel. down 18 cents. gold has been down 15 sessions, 7 bucks, 11.36 a troy ounce. lauren: let's take a look right now at the dollar and see how it's trading against currencies. we have seen such strength against the dollar. check out the euro, 104 right now in uk pound, 124. check out the ten-year bond yield. yields outpacing dividends. if you look at a chart you will see the cross happening that bonds are paying off once again.
5:08 am
lauren: testing fully acon-- acon-- acon-- peter: perhaps you can see from the roof. equipped with acontechnology. it will start testing vehicles like this wasn't in the streets like michigan. this for the first time partly as a result of a bill signed last week by the michigan governor that allows vehicles to be driefn in the state of michigan start beginning outside of its michigan tampas and see
5:09 am
how repeatedly about the election of donald trump and perhaps the departure from the nation's wasn't china policy on the business that gm does in china. gm sells more vehicles now in china than the u.s. >> i'm not going to speculate. we have a very significant business in china. we have a very significant business here that creates a lot of jobs. jeff: so far she hasn't talk today him yet. perhaps that'll come. an announcement made that township assembly plant in michigan will be the one where these vehicles and the autoon
5:10 am
autonomus. that's the latest. lauren: jeff flock, thank you. nicole: there are report that is verizon is reconsidering its $4.8 billion plan to buy yahoo. one report says that verizon is looking to bog down price or possibly ditch the whole deal altogether. yahoo shares down 5% yesterday on news of that cyber-attack. lauren: facebook is taking additional steps to combat fake news, testing new system that allow users to flag fake news stories. the stories will be checked by outside fact-checkers, if they are false, they won't be removed from the site but buried within it. producers will be barred from selling advertisements on the site. the challenges followed
5:11 am
criticism that fake news may have influenced the presidential election. nicole: when you get a big mac attack you don't have to leave your house, mcdonalds begins testing delivery service. delivery option nearly 200 restaurants in orlando, tampa, miami, starts in late january and customers can order off the menu and have food delivered in the door just like uber cars consumers can track the delivery's progress, how fast is my big mac getting there and feedback from flierd customers to decide whether to expand delivery service in the future. lauren: burger king is letting you bring the toys you want and exchange them for a whopper, not kidding. a new ceo has brought life into retail and turned stock price around in a big way. >> prices on competitive,
5:12 am
internet prices and we invested in the customer experience. lauren: that's how they did it. i will bring my exclusive interview with best buy ceo. fox senior meteorologist will tell us how last will the cold last and hue cold would it get. let's check out u.s. stock market futures. not even a point, nasdaq futures down 2. dow powering forward up 6 points this morning. yesterday highest close in history for all three major averages. you're watching fbn:am family road trip! fun! check engine. not fun! but, you've got hum. that's like driving with this guy. all you do is press this, and in plain english, "coolant", you'll know what's wrong. if you do need a mechanic, just press this. "thank you for calling hum." and if you really need help, help can find you, automatically, 24/7.
5:13 am
5:15 am
nicole: good morning, 5:15 a.m. in new york. let's get you caught up on what's happening now. only two more final picks for cabinet. veterans affairs and agriculture department. trump could name nominees as early as today. fbi is investigating the yahoo hack that come from personal information of a billion users. the attack on yahoo's system took place back in 2013 but only revealed on wednesday. back in september yahoo revealed a second breach of a half a million accounts, that occurred in 2014. latest discovery has prompted verizon to demand better terms
5:16 am
for purchase of yahoo's internet business. facebook is taking new steps to curve face -- fake news. it's also teaming up with outside fact-checking organizations to alert the company to any false news. let's check out u.s. stock market futures this morning. yesterday we saw all three of the major averages closing at the second highest level ever. traders think we will hit it. dow futures up by the end of the year. dow futures up 12, s&p futures down a half point. lauren, that's what's happening now. lauren: greg said we are going hit it by today, dow 20,000. it wasn't too long ago when many investors, analysts put best buy on death watch list until orchestrating the largest turn-arounds in history.
5:17 am
3350% by focusing on customer experience in store and investing on online operations, watch. >> we turned the company around and the way we did it was refocus on the customer. first we took prices on the table, we invested in the customer experience. lauren: i can't help but notice the store, apple is right there, apple products are hot sellers? >> they are great products. our customers love it and we have the asoortment and expertise to help the customers with. did you know that you could get a 32-inch tv for $100. lauren: can you make money selling a tv that cheap? >> yes, we can because it's our own brand. lauren: how many tv's you have on your home? >> i have two. amazing tv.
5:18 am
best picture quality. lauren: how much? >> 11% of revenue from the site. lauren: expect how much to grow? >> online grew 24%. we are gaining market share as a whole online and in the store. lauren: prime now customers guarantying to our delivery. how do you compete with that? >> within 15 midnights 11% of the population, classic edition at best buy. do -- there you go. nintendo classic edition, retro gaming consul which is what people wants these days. 1400 stores across the country but making sure the stores are not show rooms where customers leave empty handed, they that are going in there and leaving with something and at the same
5:19 am
time they are growing online business which now represents a tenth of overall sales so they can compete with amazon. nicole: that's exactly right. people used to go look at tv's and then buy online. in basketball the short-handed new york knicks fall to the golden state warriors, we have all the highlights for you. and at the box office for you. >> telling me you have a backup plan. nicole: rogue one finally hit it is theaters. he spoke to the stars of the film. he will tell us all about it. you're watching fbn:am. keep it right here
5:20 am
5:23 am
nicole: now take a look at the latest from the world of sports. russell wilson and seahawks at home to take on john as he coaches first game for the rams. luke wilson who dives into the end zone for 8-yard td. he follows with the spike. 7-0 lead. gets ahead too fourth quarter. wilson airs it out and connects for the 57-yard touchdown and that's how it would end. seahawks end it 24-13. to the nba, new york knicks carmelo anthony and derrick rose sitting this one out against the warriors.
5:24 am
thompson, mcgee who slams at home. second quarter, steph curry throws the no-look pass. love that. thompson to the corner. later in third. warriors up 21 and just playing with the knicks, andre will be high in the back, another pass. warriors win it 103 to 90. dallas stars against new york rangers. gets his wrong. high-hit. he actually left the game but hockey and, of course, he returns later in the game. third period, stars on the power play. rangers steal and the break away and scores and the rangers win it 2-0. lauren: we have sad news in
5:25 am
sports world. long-time sports caster craig sager died. sager was on nba sidelines and he's wowked in broadcasting back since 1972. he worked as a rooterrer for olympics, playoffs, tournaments, among other sports, he was inducted in hall of fame on tuesday. nicole: 65 too young. janet yellen we could chatter records today. not only today but tomorrow. there are your current temperatures, 11 in chicago. 17 here in new york city. 29 in atlanta. the thing that makes it dainches is the wind windchill.
5:26 am
my news 15 in boston and minus 6 in detroit. we are a little bit of a warm-up in the next couple of days across the east coast but we will see another arctic coming in on the weekend. so by later on today we will get the temperatures up a little bit even more so as we head into saturday and sunday with temperatures close to 50-degrees but look at what's behind it. more pink. more cold air is on the way. the other big story, ladies, the storm that's going to go coast to coast from the west coast to the great lakes to the midwest, to northeast this weekend. snow, sleet, freezing rain, rain, you name it. it's in the forecast. make sure you pay close attention to your local forecasters this weekend, back to you. nicole: janice, thank you. janice: you've got it. lauren: donald trump take thank you tour to pennsylvania who voted for a republican president for nearly 30 years. >> your drive and dedication and the love for your country pushes us across the finish line, and
5:27 am
boy, did we get across that line, right? lauren: we will have the president elect latest cabinet choices as well. facebook ceo mark zuckerberg unveils first serious effort to wipe out fake news. will it work? we will take a look. be right back which allergy? eees. bees? eese. trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! xerox healthcare services... ...soon to be conduent. that's it. how was your commute? good. yours? good. xerox real time analytics make transit systems run more smoothly... and morning chitchat... less interesting. xerox transportation services... ...soon to be conduent.
5:30 am
nicole: breaking news this morning, after pennsylvania elected a republican presidential nominee for the first time in nearly 340 years, donald trump returns to say thank you. meanwhile president obama gets set to hold what's maybe his final news conference as our president. good morning, good friday morning, i'm nicole petallides. lauren: tgif, i'm lauren simonetti. a wild week in the markets, the dow inching so, so close to 20,000. less than 150 points away. let's check in right now to see how stock market futures are trading. nasdaq futures down not even a point. nicole: investors still adjusting to higher u.s.
5:31 am
interest rates. highest levels of the year. shanghai composite in china, that gain slightly about two tenths of 1%. lauren: oil prices falling for a second time yesterday but holding above $50 a barrel. they are still there, 50.58. nicole: pack your bags and the stronger dollar is a parody. lauren: 2.57%, highest in over two years. nicole: fbi investigating security hack of a billion users, reports that verizon may ditch deal to buy yahoo. lauren: will it work? we will take a closer look. nicole: we love this one, the force is with us this weekend as latest star wars rouge one
5:32 am
opens. lauren: in sports seattle beats rams to lock nfc west. we will have highlights. nicole: good morning, 5:31 a.m. in new york. we welcome you to fbn:am, first look at latest markets and the latest breaking news. lauren: president-elect donald trump holding a big thank you rally in pennsylvania last night in getting ready to name two more cabinet members possibly today. let's go to connell mcshane with the latest. connell: good morning to you guys, the president elect will wrap his week here with more meetings today after last night's thank you tour event out in hershey, pennsylvania. trump returning to the city of hershey where he visited many times during campaign including the friday before the election. >> i'm here today for one main reason, to say thank you to the incredible people of pennsylvania, thank you. thank you.
5:33 am
>> this is the first time the republican party has won the state of pennsylvania in almost 30 years. we made history together. connell: transition team back here in new york has been quick to point out in recent days they are running ahead of past administrati naming a cabinet, now yesterday the montana congressman ryan zinke was officially name as the secretary of the internet -- interior. a transition source tells us he was not offered the job at that meeting. leads us to believe others in the running like the former massachusetts senator scott brown may still have a chance. in addition to the va, the job at the department of agriculture still needs to be filled but that's about it when it comes to the cabinet. now the thank you tour, it continues this evening when the
5:34 am
president elect will head to a much warmer climate, he's making an appearance in orlando florida. for now, lauren and nicole, thank you guys in the studio. lauren: connell, thank you. fox business lou dobbs will be live starting at 7:00 eastern time. nicole: u.s. is planning to retaliate against russia for suspected meddling against russian hacking. the u.s. will respond at a, quote, time and place of our choosing, end quote. the president is scheduled to hold a press conference at 2:15 p.m. eastern time today. fox business will carry this live this afternoon. meanwhile he ends presidency with positive ratings for handling of the economy, according to a new fox poll, 52% of americans approve, 44% disapprove. lauren: wikileaks founder julian assange speaking out about hacked emails from the democratic national committee and hillary clinton's campaign
5:35 am
chair john podesta. assange was on hannity last night. >> our source is not the russian government. >> in other words, let me be clear. russia did not give you the podesta documents or anything from the dnc? >> that's correct. >> can you confirm whether or not you have information involving hacked info from the rnc? >> we received about three pages of information to do with the rnc and trump, but was already public. lauren: assange also said the u.s. government, corporations, private citizens all vulnerable to cyber-attack like the one on dnc and podesta. nicole: jury in south carolina has convicted dylann roof in shootings that killed nine black church members during bible study last year. same jury will weigh on whether or not roof should be sentenced to death. roof just staired ahead much as
5:36 am
he did during entire trial. the jury deliberated for less than two hours before returning a verdict finding him guilty on all counts against him. lauren: president-elect trump voicing opposition to renominating federal reserve janet yellen, so who could be considered as the next fed chair, peter barnes in washington with that story. peter: well, a new economic adviser to president-elect trump has speculation as who he may appoint as the next chairman of the fed. the trump transition team disclosed earlier this month that kevin, a visiting fellow of economics at stanford economics conservative hoover institution has joined mr. trump strategic and policy forum which also includes a number of high-profile corporate ceo's. served as a member of board of governors from 2006 until 2011. before that economic adviser to george w. bush and before government service he worked as
5:37 am
executive at morgan stanley. mr. trump has been highly critical of the feds low interest policy and about to replace current chair janet yellen when her term is up in early 2018, policy making deeply flawed and he wants major fed reforms. the fed transition team says it is considering appointees to the fed but it hasn't named names, warsh declined to comment. lauren: thank you, peter barnes. nicole: let's get you caught up on the global market action overnight. right now shanghai composite index in china closes up almost two tenths of 1%. leaders in beijing that gave a pooft growth outlook. nikkei in japan up three quarters of 1%, highest levels of the year. lauren: flipping over the
5:38 am
europe, you can see the fbi is up 5 points. the dax in germany up 10 and the cac if paris down ten points today. nicole: looking at futures. up arrow, dow futures up 14, s&p futures half a point and nasdaq up 2. gains today which actually means new records. lauren: watch volume. all right, gold is up $7. 11.36 an ounce. oil has a dune arrow once again. down 36. goldman sachs upping the forecast for the price of oil towards the end of next year to $57 and 56 cents a barrel. nicole: bad news for yahoo. the white house says the fbi is
5:39 am
launching an investigation into the massive hack of one billion accounts. one report says that verizon is looking to bargain down the price its paying for -- check out how yahoo shares close. 38.41 a share. >> the concern is if you're forcing users to change password, they won't use the service. facebook is take ago discussional steps to combat fake news. allows users to flag fake news stories. the stories will be checked by outside fact-checkers. fbi that are false, they won't be removed but buried within the site and tagged as disputed story. producers of fake news, they'll be barred from selling advertisements. the changes follow criticism that the proliferation of fake news may have influenced the presidential election. nicole: mcdonalds lovers, listen up.
5:40 am
when you get a mac attack, you don't have to leave your house. the fast-food chain will offer the delivery option for nearly 200 restaurants in orlando, tampa and miami starting late january. just like with uber cars, consumers can also track the delivery's progress. mcdonalds plans to get feedback from customers to expand services in the futurement ivette -- future. i vote yes. lauren: maria bartiromo and gary sit down with nasdaq ceo and get his view of the stock market rally. >> once the regulatory, deregulatory effort has not yet happened nor has congress or the president signed anything. you have to say, we are ahead of
5:41 am
that, but the question is what's the probability of these actions happening. so i think, though, that what's being released and you see, and i see more business people, people are feeling good and engaged and more aggressive in terms of pursuit. lauren: "wall street week" and t airs tonight at 9:00 p.m. eastern. nicole: russian hackers try today penetrate the computer networks of the republican national committee using same technique that is allowed them to infiltrate the committee but they were foiled by security at the rnc. leaders of the european union are planning a military overhaul after pressure from president-elect trump, leaders will move forward with plans aimed at stepping military spending partly in response to mr. trump. finally this, goldman sachs looks to spread network of investment bankers beyond new york. the bank is shifting partners to
5:42 am
5:43 am
5:45 am
lauren: good morning, 5:45 in new york. let's get you caught up on what's happening now. only two more cabinet pix for president-elect trump, final openings are in the veterans affairs and agriculture departments. trump could name nominees as early as today. we will keep you posted. the fbi investigating yahoo hack attack. the ahack took place in 2013 but only revealed on wednesday. that one occurred in 2014. latest discovery has reportedly
5:46 am
prompted verizon to demand better terms of yahoo internet business. facebook is testing warning labels to help members identify fake news on the site. it's also teaming up with outside fact-checking organizations to alert the company to false news. all right. it's friday, it's the end of a solid week for the stock market, how are we doing on the final day? look at this. all green arrows. s&p futures up 1. and nasdaq futures adding 3 points this morning. nicole: may the force be with you for dow 20,000. rogue one star wars story is finally here. >> i fear nothing. >> are you with me? >> all the way. nicole: joining us now michael
5:47 am
tamara who sat down with directors and member offense the cast. since summer we have been talking about this date. tell us. >> highly anticipated movie of the year. disney first stand-alone star wars story in the whole sears. there's not going to be a trilogy out of this one. i sat with diego luna, what it was like to be part of iconic movie franchise. >> whatever i do, i do it to protect you. do you understand? >> i understand. >> what is it like to step into the shoes of star wars? somewhat daunting. >> to me their masterpieces. it's a high bar, but a strange
5:48 am
thing happens because i grew up like a lot of kids my aim, you watched star wars every day and played with the toys and the next thing and you just feel like a kid and you feel like you've gone back home and it's a really comfortable place to make a movie. micheal: when you got the call and you will be part of the star wars, what was your reaction. >> i became a 6-year-old, i started shouting, jumping. then they said you cannot tell anyone. >> the fact that he's a believer, he gets to play the coolest part. >> i fear nothing. >> are you with me? >> all the way.
5:49 am
micheal: all the way, baby. can't wait to see it tonight. lauren: cost $200 million to make. what's expected to bring at the box office. micheal: you don't get a hundred million dollar movies in december, but the second biggest opening right behind force awakens, 150 million domestically and 300 million overall internationally. nicole: honestly, tell us what you really think, did you love it? micheal: reviews have been really good. the best star wars yet. i saw about 28 minutes of it two weeks ago at the skywalker ranch. hello, i was supposed to be the screen monday night and i was say. i am seeing it tonight. what i did see was incredible. people are going to see things they haven't seen before and familiar elements that people love from the movies, also probably one of the most beautifully shot star wars movie. nicole: looks amazing and thanks
5:50 am
for coming on our set today. >> right here. nicole: you did great with that as well. michael tamara doing a great job on covering star wars to go see it tonight. lauren: seattle beat rams to lock up nfc west. knicks fall to golden state warriors. check u.s. stock market futures. we could see dow 20,000 today. you're looking at the weather map because it is cold. i will leave it there. you're watching fbn:am, first look at morning markets and breaking news
5:54 am
lauren: russell wilson and the lime-green seahawks at home to take on john stassel. if i understand wilson for the end zone for the 8-yard touchdown. love it. 1-0 -- 7-0 lead. connects for the 57-yard td strike. that's how it would end. seahawks win. they clinch the nfc west. let's go to nba. carm intlee -- carmelo anthony and derrick rose sit this one out. curry, warriors up 13. playing with the knicks, andre
5:55 am
with -- no-look pass and clark nails the three, warriors win 103 to 90. on the ice, dallas stars against the new york rangers, first period, rangers goalie, high hit. seeing lots of stars who stays down in the ice for moments. this is hockey and, of course, he would later return. still scoreless, stars on the power play. rangers rick nash with the steal and score it is short-handed goal. rangers goo onto win 2-0. go new york. nicole: some hit. let's get you caught up in the global market action overnight. positive look on china's outlook. that was good news. china shanghai composite down.
5:56 am
hong kong hang seng not participating. korea's kospi up a quarter of 1%. lauren: basic resources under president in demand will fall back. nonetheless, look at this. we have the ftse now up 23 points. the dax in germany trading higher by 63 pints. nicole: over in europe with the audiotape arrows you had energy and health care leading the way while consumers were under pressure. today we see dow futures up 39. dow closed at the second highest level ever yesterday. s&p 500 up 3 today and nasdaq up 7. great quarter and six weeks in a row gain for the dow. lauren: we will take it. oil looking lower, down a quarter. 50.66 a barrel. nicole: coming up we will hand it over to maria bartiromo, mornings with maria coming up.
5:59 am
nicole: all right thanks for watching fbn:am. lauren: have a great weekend and right now we will send it over to mornings with maria. maria: happy friday to you, thanks so much. i'm maria bartiromo and happy friday to you. it is friday december 16th, top stories right now 6:00 a.m. on the east coast. the thank you tour continues.
6:00 am
president-elect donald trump stopping in pennsylvania last night as he celebrates his election win across the country. trump using the stage to call the unity in the country. >> when americans are unified, there is nothing we cannot do, no task is too great, no dream too large, no goal beyond our reach. my message toont -- tonight for all americans from all parties, all beliefs and all walks of life, remember that we are all americans and we are all united by one shared destiny. maria: meanwhile the administration taking shape. david freedman for the choice of the next embassador to israel. latest as the transition of power continues in trump tower in new york. a police officer in serious condition after being shot in the head in washington state.
165 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on