tv FBN AM FOX Business December 22, 2016 5:00am-6:01am EST
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true into nicole: breaking news this morning, president-elect became death by china. author peter navarro to handle trade. carl icahn as a special economic adviser. good morning. i am nicole petallides. lauren: good morning. i'm lauren simonetti. stocks take retreat yesterday. the dow that takes two points away from the 20,000 milestone. let's check in and see a stock futures are faring. can we see 20,000 today? dow futures are down eight
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points. the stocks edged lower within edged lower with the nikkei slipping up 1%. lauren: oil prices falling for the first time in three days. down 16 cents. train to the 10 year treasury yield about 2.53% this morning. lauren: in germany, an intense manhunt. not the main suspect is considered armed and dangerous. nicole: the art of the deal under pressure from donald trump to cut the cost for air force one. lauren: regulation nation. lugar called a scratch on the streets of san francisco after pressure from regulators. nicole: and sports company duke pasco player finds himself in hot water for tripping on a opponent. lauren: good morning. 5:01 a.m. in new york. pushing closer to christmas day.
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welcome to "fbn:am," your first look at morning markets and breaking news. nicole: breaking news this morning. president-elect donald trump taking on china. the latest news on the term transition. >> formation of a new council in a trade critic has this later. mr. trump designating peter navarro is the head of the newly formed white house national trade council and the unemployed by many jobs. they have documented the harms inflicted by globalism on american workers and laid out a path forward for middle class. mr. trump spent part of his lockheed martin. the discussions, after critical comments that president-elect earlier this month.
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the price tag attached the air force one fleet ridiculous. i called lockheed f-35 program out of control. back to you. nicole: the two air force funds will be built under budget. trump name in billionaire investor carl icahn, special effects or to the president on regulatory reform. lauren: i manhunt underway for a 24-year-old asylum seeker french initiative. police believe anis. they were trying to deport him after his request for asylum was denied. they zeroed in on anis amre after finding papers in this trap. donald trump making his first public comments on the berlin attack in florida.
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[inaudible] and it's got to be stopped. lauren: an attack on humanity. a word of $104,000 for any information leading to the arrest of step five. isis has claimed responsibility for the attack. nicole: with death toll has risen to 30 after a fireworks market in mexico city earlier this week. the scene of devastation. officials say some were so badly burned that it was not possible to immediately being determined their age or gender. they tore through the solace that the markets have been up a plume of smoke. mexico state governor promises to find out who was responsible for this. >> business backlash continues in north carolina.
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lawmakers fail to repair the controversial bathroom to in the special legislative session for that purpose. the law requires transgendered people to use restaurants corresponding to the fact that a member certificate. backlash against the bill caused companies to paypal and others to cancel investments in the state. but also resulted in convention site in the nba also a game staying away from north carolina. speaking to reporters last night , governor elect roy cooper blamed republicans for the repeal of failure. listen. >> and i'm disappointed for the people of north carolina, for the jobs people won't have. i am disappointed we have yet to remove the stain on the reputation of our great state. >> hp to stand hp to stamp this out, but according to some estimates at astarte caused the tar heel state at least
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$630 million in lost business. thank you, mr. nicole: we watched the nikkei on the move to the downside just fractionally pay one 10th of 1%, much like korea's costly. the hong kong hang seng just over three quarters of 1%. the glimpse of hope was a one 10th of 1% gain for the index in china. lauren: is their hope in europe? the italian bank on the brink right now. downer is for the ftse in london down 10 points. dax and germany eight points. we are watching italian and spanish bond yields rising number courts of the bailout. nicole: with pulp type 30, pumping up close to 20,000. luscious breakthrough of eddie and how that happened. the truth of the matter is it's
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not so easy if the dow futures are down to 10. s&p futures down to. gdp today. durable goods from the weekly jobs, anyone at the headlines can push us through the 20,000 mark. >> light volume but the holiday around the corner. oil down 10 cents. yesterday we fell 1.5% because we had the surprise rise in crude supply. gold down about, it been 31 at troy ounce. we want to know what investors can expect. ray to jerry b. smith to the president fox news contributor while everybody says by the end of the year. it took about one man to breakthrough to 10,000. what are we looking at?
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>> and some of the milestones that broke through and then didn't and then came back and didn't breakthrough for a few more years. in one case i forget which is, another five or 10 years to breakthrough. i hope we don't have that scenario. i don't think we will have to scenario. if you're looking for a prediction, by the end of the year -- to move right now is kind of sideways. as long as they don't have a huge sell off day, and inspires her sellers are making a demise. we keep moving sideways and then one day it are going to pastor a 200-point )-right-paren. lauren: and get to the 20 k. and keep going from there. what do you say about what is being called complacency in this market? no records on wall street. second, third highest levels for major outages, but the fear index in the 16 month low.
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>> or reverse it. i don't think it's complacency as much as optimism. there's a lot of hidden optimism out there. every single -- maybe not every single comment that the majority of the most trump are making are positive, optimistic. you talk about getting tough with china on trade. it sends the right signal and i think that's what this country has been waiting for. the symbolism that is showing results and actions will note that more of the first quarter. but could move right through to 20 k., 30 k. certainly doubt be the direction. nicole: that's good news for the
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401(k)s and iras. we'll catch you in the back half of the hour. continue to focus on the market. thanks, gary. lauren: uber put in their self driving cars in part. they lived in san francisco yesterday after state regulators revoke the registration of 16 vehicles in the pilot program. the move comes a week after uber launch the service. it will seek other means to deploy a self driving cars in california. nicole: no cat pineapple started on tuesday when apple filed an antitrust lawsuit against two other companies accusing them of colluding for higher patent fees. no care responded by accusing apple of violating 32 technology patents. it marks the second time in the past seven years that these companies squared off in a patent dispute.
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lauren: stocks to watch today. cannot recommend the maker chef boyardee passat and hunts ketchup requiring a spinoff of of its frozen potato business. analysts looking for lower earnings per share a year ago. the troops searching expected to post lower earnings, higher revenue. right it is in the process of being acquired at walgreens. cintas will release its latest earnings earning revenue for the uniform provider. that's expected to climb from last year. does that mean people are getting jobs? we will see. nicole: twos the season to shell out for airline fees. two and a pillow, blanket? you might have to pay a period >> they know we have no other choice. god schmidt is all over that
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story. blizzard conditions coming for christmas weekend in some parts of the u.s.a. janice dean has your forecast. checking in on u.s. futures for the stock market. waiting for dow 20,000. dow futures down to nothing. s&p futures down to. we close at the lows of the day yesterday. you are watching "fbn:am." we will see you right after the break. ♪
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lauren: 5:15 a.m. in new york. aladdin is. resume like donald trump at the new trade policy group to work at the white house. being called a national trait counsel and will be headed by economists. peter navarro, sharp article that the u.s., also the first economist. turns expected billionaire investor carl ipad to serve as special advisor on overhauling federal regulation. were the ceo of l.a. bowing to pressure on the cost of the new air force one or dennis goldberg
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says his company can build a new plane for less money than originally quoted your earlier this month, trump made headlines for blasting bowden for the large cost overruns at the new fleet. a manhunt underway for a 24-year-old asylum seeker from tunisia. saturday was behind the wheel of a truck that plowed and killed 12 people and injured 40 others. still looking for dow 20,000. we were than 60 points come to close yesterday. this morning we had a negative tone to trading. dow futures down 12 points. s&p down to. we are seeing very low volume and very tight trading. anything can happen. today could be the day. nicole: lord, thank you. more airlines introducing new fees for passengers.
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just in time for the holiday rush. rob schmidt is at new york's laguardia airport with that story. >> chloramphenicol, when everyone used to paying for checked bags come united airlines will soon start charging people buying the cheapest to bring a carry-on bag onto the plane. the first major airline to do this churning other providers like spirit airlines. he sees me billions of dollars in profits for airline. some carriers charging for pillows and link is. most were in flight wi-fi and movies. billions are made from ticket change fees. many airlines charging upwards of $50 for the privilege of being able to separate their family on a plane and meanwhile demand for air travel is increasing so it's not likely we
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will see an end to these these because they still get more and more customers as they charge more and more fees. frustration from past tours is obvious when you talk to people at airports. >> they know you're bringing it back. you don't have any other option. you are forced to pay the fee is. did i would have no other choice than other choice and we want to sit together and we want to bring about some vicious bite the bullet and do it. >> what if you want to avoid these fees? southwest is one that's really been prominent with their backs fly play free. that is than their big marketing campaign. they sought a billion dollars by business on their way. a that if new orleans close quote was straining to get transaction. congress is working on it though to force airlines to justify this change fees. the $250 fee forcing them to justify. we will have to watch and see. learning the core, back to you.
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lauren: i guess, thanks. a tube or finds himself in hot water for tripping an opponent. the latest rivalry did not disappoint. big upset in kentucky. at the box office. >> you're about to enter. what you are about to see, hear and feel good memories in 500 years. lauren: the latest video game movie out. assassins creed at the box office. it's an inside look. it'll be here sent. stock index futures. one more alarm clock on this thursday morning. dow futures and 10, s&p futures on 10. you are watching "fbn:am," your first look at morning markets and breaking news. ways wins.
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lauren: theme is an uninspiring run has come to an end. sunday's final episode aired last night. cap in a six-game winning streak that culminated in winning more than $100,000. appearing on jeopardy was a lifelong trim for her and she reported her miraculous run in late august, pledging all of her winnings to charity. >> i wanted to donate a lot of the money to cancer research. this is harder than sorry. maybe i should pass for stuff like that. but i am dying of cancer and i would really like the money to be used to help others. lauren: the native passed away earlier this month. nicole: so sad.
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a look at the latest from the world of sports. college basketball record team out and luis bill in-state rival kentucky second half. cardinals that too. jailing johnson grabs the rebound, finishes with this big dump. under a minute to go. mitchell drive then this is the layout. johnson is derek and. here comes the wildcats. two seconds later, malika monk at the ball, pulls off from way downtown and they'll fit. last chance for kentucky down three. it back in last. the tie off the rim. louisville takes about one. padova making his return to cleveland as a member of the bucs. he received his championship ring and is mobbed by his former cavalier teammates but it's back to business with the game starts. lebron shows the dove of what he's been missing.
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he slams it home. he was finished with 31 points as the castle at 113-102. we've gone after losses down to a shoot out. this exact to the next. left right, left right, paul. to america's 400th game as a buyer. last chance. he tries to go higher, at a time for steak and trial. they think that was. lauren: speaking of the ice. storms that are severe could impact your holiday travel. let's go outside. senior meteorologist janice dean joining us now. reporter: good morning, ladies. temperatures are warmer for the past couple of weeks which is great news good as you mentioned, a couple storms we
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are watching across the interior northeast and then we've got this big pass across the southwest, including southern california for they neither rain, but some of the biggest travel day for them. delayed for parts of los angeles , southern california towards the south was. a weak system across the great lakes once again in the midwest and here is her next big weather maker that will bring snow and ice and potential for severe storms on christmas eve and christmas day. this is a big weather maker as they maker as we head into the weekend. the intent is to pay close attention to the local forecast. and of course the east coast. the big problem is going to be christmas day with all of this weather. hopefully people are safe inside at grandma's house. back to you. nicole: santa can get through all weather. we know that. donald trump takes an attack are looking for an economical in the white house.
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nicole: breaking news this morning. donald trump shakes up his economic pros seeking the author of jet by china, peter navarro to handle trade and billionaire carl icahn is a special economic adviser to rep up regulations. good morning. i am lauren simonetti. nicole: good morning. i am nicole petallides. some very thin volume. the down less than 60 points away from dow 20,000 it does checking on u.s. stock market futures this morning. dow futures down 11. s&p futures down to.
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lauren: japanese stocks falling. paul street gene wilder and china to shanghai composite up about a 10th of 1%. lauren: oil prices find are the first time in three days down 10 cents. 2.54%. nicole: an intense manhunt by the same suspect in the terror attack is considered armed and dangerous. nicole: lauren: the art of the deal under pressure to cut the cost for air force one. train to uber posted -- lauren: at duke basco player finds himself in hot water for tripping an opponent in the latest bluegrass rivalry didn't disappoint. we will have them. you're not allowed to trade. 5:31 a.m. in new york. we welcome you to "fbn:am," your
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first look at morning markets and breaking news. lauren: president-elect donald trump taking on china. like berman with the latest on the news that the trump transition. >> is an account of the formation of a new council and the winning a china trade critic as its leader. peter navarro the head of what will be the newly formed white house national trade council which will focus on trade negotiating strategies and helping the unemployed by manufacturing jobs added in a statement, he has documented the harm inflicted by globalism on american workers and laid out a path forward to restore our middle class. mr. trump spent part of his wednesday meeting with the ceos of knowing and lockheed martin. the discussion come after critical comments the president-elect made up of companies earlier this month. mr. trump called the price tag attached to the air force one
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fleet ridiculous and called lockheed f-35 fighter jet program out of control. back to you in new york. lauren: at owings ceo has told trump has told trumpet to air force ones will be built under budget. and then we bring you this. donald trump in a billionaire investor carl icahn special at pfizer to the president on regulatory reform. trump has vowed to repeal a 90% of the regulations that affect american jobs. nicole: breaking this morning. i manhunt underway for 24-year-old asylum seeker from tunisia. police feely anis amre was behind the wheel they truck that out into that christmas market in berlin earlier this week, killing 12 people, injuring 40 others. german officials trying to deport him after his request for asylum was tonight. they zeroed in after finding a identity paper in that trap.
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president-elect donald trump making his first public comment on the berlin attack at his moral lagos state of florida. >> it's an attack on humanity. does what it is. it's an attack on humanity. it's got to stop. nicole: germany is offering a reward of up to $104,000 for information leading to amre's attack. isis has claimed responsibility for the attack. nicole: the death toll is risen to 33 following a massive series of fixed oceans or mexico city earlier in the week. a number expected to climb even higher with 12 people still unaccounted for as the search continues. officials say some were so badly burned that it was impossible to immediately determine their age or their gender. the powerful explosion tore through the south at that place,
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sending up a plume of smoke that looks like a worsening. mexico state governor. nicole: the business backlash after lawmakers failed to repeal the controversial bathroom though. in the legislative session called just for that purpose, the lot is known as h.b. two, requires trans gender people to use the restroom that correspond to the back on the birth certificate. backlash caused companies such as paypal and others to cancel investment in that state. it also resulted in conventions and sporting events like the nba all-star game staying away from north carolina. he came to reporters last night, democratic governor elect ray cooper blamed republicans for the repeal of failure. >> i am disappointed from the people of north carolina for the jobs that people won't have. i am disappointed that we have
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yet to remove the stain on the reputation of our great state. nicole: for not h.b. to stand the thought. according to some estimate it caused the target state $630 million in lost business. lauren: we began in asia. stocks mostly lower following the trend on wall street on wall street that they finding resistance at 20,000. a look back a little bit. the daytrading and titrating down a 10th of 1%. the hong kong hang seng down for%. in south korea the cost begun a 10th of 1%. in china to shanghai composite at a 10th of 1%. nicole: check out what's going on. all down arrows down about one 10th of 1%. the italian bank was slightly higher after it in a record low yesterday, that they are not
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able to raise the capital. they raised about 2.5 billion euros so now they may be nationalized. that's number one. italian yields in spanish by meals for me to the upside. last but not least, johnson & johnson said to be in talks once again. they went to santa fe. now reportedly back to johnson & johnson. lauren: shares surging almost 7%. dow futures down eight points. s&p futures down to. massive downpour. we closed yesterday at the second and third highest levels of the year for each major averages and the highest levels in history. looking for about 20,000 but we are seeing resistance for the level. nicole: the downside was trading 45-point that we've seen in more than two years at the checkout oil and gold. both lower. $52.34 a barrel. 1132 at tryouts.
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lauren: stocks edge lower fallen short of the dow 20,000 mark, like a milestone investors want to get to. what can they expect as the market starts to wind down a couple days before chris is. gary b. smith and a fox news contributor joining us once again. good morning. i love how you called we are going to hit 20,000. not this week that by the end of 2016. how high do we go and how fast we get there? >> is a great question. we kind of chuckled when i was on the top of the hour talking about dow 30,000. that kind of sounds like the dow 30,000. look at it this way. in february it this year, we were near 15,000. we moved up almost 5000-point in just a few months. that is about a 30% move, 33% move. add that to where we are now in that takes as dowd 27,000.
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i'm not they make a straight up in the next seven, eight months, but 37,000 is none other the possibility in the next two years. 2017 is really going to be strong. it all depends kind of like we talked about earlier on trump's first 100 days. can you imagine the spur to economy if icahn and really get down there and rips apart some of the small business damaging regulations? he could relate on the sherbrooke growth engine of the country. lauren: nicole: would've already seen optimism. he's got to get them all approved. you sound very optimistic and i'm all for new highs. but are we not factoring in the possibility that things don't go as well as planned? >> nicole, that is a great question. a lot of people are still scarred from 2008. there's people like me still
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scarred from 1987 for crying out loud. it sounds correct to say we've got to pull back. we are getting ahead of ourselves. we have not had a rip roaring rally since one of those big moves since 99, two passing. the kind of crashed after that. i don't think there's too much optimism because there's people like me and you that is skeptical. i've been skeptical of what trump can do. everything so far looks really good. lauren:@bond yields soared today. report under pressure. we need a bailout. is that going to affect business here? >> i don't think so. italy is not greece, but there's similarities that we are all on greece watches you both recall for years and really it didn't
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affect the economy. one way or another, italy another, it illegal to another, it illegal to build output if they do it themselves or receive support from the e.u. i don't think that will affect our economy and stock market. lauren: neither did the terror attacks. happy holidays to you. so good to see you. nicole: sub for putting ourselves driving cars and park for now. the app was forced to pull its correspond of us in san francisco yesterday after regulators revoke the registration of 16 vehicles in the program. the move comes a week after cooper launch the service. they will seek other means to deploy a self driving cars in the golden state. lauren: nokia and apple fighting over patents once again did this all started when apple filed an antitrust lawsuit against two other companies accusing those companies that colluding with
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gnocchi are for higher patent fees. if you have responded by accusing apple of violating 32 technology patents. this soup box the second time in the past seven years the company has squared off in a dispute. nicole: the latest video game flickers out. assassin's creed at the box office this weekend. >> you're about to enter. what you're about to see, hear and feel our memories of their use. >> when you walk for me? >> your heart. >> at blizzard conditions coming for christmas weekend. janice dean coming up for that. you are watching "fbn:am." we will see you right after thet break. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back.
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nicole: 5:45 a.m. donald trump created in a trade policy group to work inside the white house. he called the national trade council will be headed by peter navarro who sharp critic of how the u.s. trades with china. trump also selected billionaire investor carl icahn to serve as special advisor on overhauling federal regulations. ceo of boeing time to pressure from trump on the cost of the new air force one plane. goldberg says that his company could build a new plane for less than the original quoted price.
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earlier this month, charted headlines are back in the country for allegedly putting the high cost on that one for the new fleet. a manhunt underway across europe for a 24-year-old asylum seeker french initiative. german police believe anis amre was behind the wheel of the truck that plowed into the christmas market in berlin. the stock market futures is today for the dow 20,000. we got so close, 13, 14 pints away. s&p futures down one. that is what is happening now. assassin's creed the videogame of the hits for christmas weekend box office. we have on-site joining us right now. michael camero, you said god. what was it like?
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>> at 6:00 p.m. yesterday you were being executed. >> you never hear movie is based on a toy. but this is so fresh. it was a completely new take is a really serious filmmaker from what i see. >> in a such a perfect mix of entertainment and profound questions about the world we live in. >> we still partake in what it was like. i don't know how you guys do it. we do some hard work on the head-to-head. >> what was that like? >> it was important for us and myself that we did the actual
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sequences herself. definitely 95%. >> leap of faith, what was it like shooting that? >> very nerve-racking. 120 p. without any wire and amy wrote. they don't have to do it from that height. we can do it take a lot of folks. i'm going to break my neck and that was the spirit of tissue. lauren: nicole: it looks pretty amazing. did you like the movie? >> whenever you hear about it i really enjoyed this fresh, different. some of the action scenes were good and the whole concept, the memory of dna found interesting.
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number four. there's a big animated movie, d an audience. thanks for waking up with us. as for us, college basketball finds itself in hot water for tripping an opponent. that's not nice. the latest bluegrass rivalry did not disappoint. we will have a big upset in kentucky. this amazing heartwarming story on jeopardy. we will tell you when one championed inspired fans of the show unlike any contestant in the show's 33 year history. >> i was a little worried at the beginning of the double jeopardy round on yesterday's program. she trailed her two challengers by over $6000. but she persevered. nicole: for this incredible story of perseverance just ahead. let's check in on stock index futures. can they turn positive? top pitchers on 11.
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nicole: this is an amazing and uninspiring story. i run we saw on jeopardy. the champion final episode aired last night. six games of winning and it culminated when he said about $100,000. she appeared on jeopardy as a lifelong dream of hers. she recorded her malacca is run late in august and play chauffeur winnings to charity.
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>> i wanted to donate money to cancer research. currently because -- i'm sorry. maybe i should pause, but i'm dying of cancer and i really would like the money that i went to be used to help others. nicole: 41-year-old austin tech is native passed away earlier this month. lauren: a look at the latest in sports. squaring off against in-state rival kentucky. second half of two. john johnson grabbed the rebound and finishes could develop for. under a minute ago. donovan and mitchell tries than mrs. the layout. johnson is there again for the third out. back here from the wildcats with 52nd last. getting the ball until the ball and pulling up from way downtown
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and nails it. kentucky down one. eight seconds left. off the red, 7370. last night against university, dry in a technical foul. players have to be separated. allen is visibly upset. he has to decide mine. he stays on the bench for the remainder of the first half and the start of the second. allen later apologized that his actions overshadowing the wind twice last year. he was caught taking players. both teams looking to rebound after losses. it comes down to a shoot out. big thanks to the net. but, right on the left, right, paul. i say to mark the 400. the 400th game as a player. last chance.
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justin williams tries to go as high, but he said pounces back. nicole: before you head out the door, a literature forecast. janice dean betty. >> hello, ladies. a couple of systems we are watching a quick this one across the interior northeast to bring a little bit of snow flurry at trinity. this being across the southwest birds beneficial musher dekalb ring as well as the southwest good a little bit of snow to higher elevations. what does that into the plant market as travel delays over the midwest and then this game, this big messy system is going system is going to affect the central u.s. heading into christmas eve and christmas day. taking a look at what we are expecting the way of forecast precipitation across southwest. great news for skiers already off to a wonderful start to the
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season. upper midwest a little bit of snow. interior northeast and potentially cc bear stearns across sippy valley on sunday. keeping a literature expected weather delays. tomorrow, midwestern southwest watching the potential for delays and will certainly keep you posted from the fox and his extreme weather. back to you. lauren: coming up, we will hand it over to "mornings with maria." (vo) it's the holidays at verizon, and the best deals are on the best network. with no surprise overages, you can use your data worry free and even carry over the data you don't use. and right now get four lines and 20 gigs for only $40 per line. you'll even get the iphone 7, the samsung galaxy s7, the pixel phone by google, or the motoz droid absolutely free. hurry, these offers end soon.
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maria. maria bartiromo will, we say good morning to you. maria: thanks for being was. i'm maria bartiromo, it is thursday december 22nd, 6:00 a.m. in the east coast. peter navarro for a key role. government spending a key topic in the president elect's meetings yesterday. he sat down with ceo's of lockheed martin and boeing of the high costs of program. >> we work on air force because it's important the our country and we make sure that he gets the best capability and done accordingly. maria: we are taking a closer look at what the trade policy means on administration. authorities have identified the suspect in the truck attack, ani
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