tv FBN AM FOX Business February 2, 2017 5:00am-6:01am EST
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speed the news this morning. at long last coming new secretary of state rex tillerson sworn in last night at the white house with plastic missile test. good morning. i am nicole petallides. >> good morning. i am lauren simonetti. writers that you see berkeley set fires overnight to force the cancellation of the bright or editors beach. train to the dow got this from apple 6% jump yesterday. this morning under some pressure , dow futures down 68. s&p futures down a good train
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through the nikkei cited 1.2% and the stronger again and uncertainty over the administration is paired train to facebook revenues to fund expectations yet again and we'll find out how popular and the sunrise over the holidays when it reports quarterly profit. lauren: factory hit early and often as the golden day warriors in the charlotte hornets and the fourth-quarter magic filled the boston celtics rallied over the toronto raptors. nicole: 5:01 a.m. there is taken in february 2nd and it's groundhog day. we will see what says if he sees his shadow. welcome to "fbn:am," your first look at today's markets in the latest breaking news. lauren: to the photographer to get out of the way. the former exxonmobil ceo officially sworn in as secretary of state by mike penn in a
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ceremony at the white house last night. president trump is also there and had a few words. >> this is where you're meant to be, right here today at this crossroads in history. it's trying to bring a focus of foreign affairs committee take a fresh look at the world around us and to seek new solutions grounded in very ancient truths. lauren: partisan tensions are prevent the comp -- senator jeff sessions nomination for attorney general is heading for a final vote on the senate floor. i found nomination for treasury health and human services secretary after republicans on the senate finance committee changed the rules to bypass his democratic boycott. it is not looking outfit for trump spent for education secretary, that this album.
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two republican senators rallied to oppose the nomination come to setting up a potential tiebreaker with the vice president casting the deciding vote. lauren: trump administration condemning the recent ballistic missile test calling it the latest in a series of provocative moves by iran. national security adviser michael flynn had a stern warning from the white house. >> the trump administration condemn such actions that undermine security, press irradiance debility throughout and beyond the middle east which places american lives at risk. i think today we are officially iran on notice. lauren: they are still the earliest stages of determining exactly what action the u.s. should take in the time. trying to senate majority leader mitch bacall should go nuclear necessary to get a supreme court nominee approved. blake burman explains from the white house.
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>> president transcended the moing tuesday to senate democrats. the president suggesting mitch mcconnell would have is blasting to use so-called nuclear option for the confirmation vote of the supreme court nominee, neil gorsuch. neil gorsuch picked out in the democratic democratic filibuster that further heightened partisan tensions on capitol hill. >> if we end up with that, if you can, go there because that would be an absolute shame if a man at this quality was held up in the web. >> raschein space at the administration would feel comfortable going down that path if necessary. >> we would ask wb halts the same standard the democrats used in the nominees. the president made clear that the decision and said they would rather not have to go down, but also out to senator mcconnell and how he wants to operate. reporter: the 60-vote threshold is the right thing to do.
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schumer is leading the opposition of the gorsuch nomination. act you in new york. lauren: relations with one of america's closest allies, after price tribe suggested in a sense for the theist with a lot of detail to take refugees from maturity must countries currently being held at the strand detention center. he's calling that deal a done deal. trump also reportedly sentenced yesterday in prime minister and a phone call they had up at the weekend where he apparently called the agreement were still love her. sources say the phone call went downhill from there. accusing a train to ask for it with the powerful language. he didn't say much on the content of the phone call.
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>> load, i'm not going to comment on a conversation between myself and the president of the united states. other than what we have said publicly and you can surely understand the reasons for that. >> despite the blunt conversation come that the u.s. has committed to upholding the deal. lauren: president trump making an unannounced trip to dover air force base in delaware to honor remains of u.s. navy seal killed in a weekend raid in yemen. william from fury at an illinois died in the raid a chart member of this family during the two-hour visit to the base. allen says the first u.s. combat casualty in a mission ordered by the new president. further service members wounded. more than a half dozen militant
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suspects were killed on an al qaeda compound. that included the 8-year-old daughter of a radical cleric in u.s. citizen killed by a drunk straight in 2011. american incentive for businesses with a lot going on, when will this tax reform package be signed? gerri willis has details. >> the lauren in the lauren in a cold pc republicans say tax reform in the first 200 days of trump administration can restore his performance on the back burner until 2018. the promise of lower taxes, especially corporate taxes have been driving the stock market higher since trump was inaugurated. recent weakness in the dow has been attributed to fears that tax cuts are delayed or possibly off the table entirely. sources tell thoughts is that a rewrite of tax laws are underway right now. ways andns chairman kevin brady next legislation finalized
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before congress august recess that the president signing the deal by year-end. republican sources are based on the gop blueprint. that calls for a 20% corporate tax rate. for individuals, the tax brackets would be reduced to three and lower to 33%. republicans also want a border adjustment tax. back to you, lauren and nicole. officials said per they report to call off after protesters by the pier and 15 people lighting virus, hundreds of smashing windows even throwing bricks fireworks at the police. part of the university was but i'm not down. the speaker, breaker breaker. the blame on violent left-wing
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protesters. one student says that was not their intention. >> the violence that is occurring and individuals inciting violence about believe this represents the majority view of the student body. lauren: no arrests reported so far. california authorities telling fox news that the state's voter registration system is highly susceptible to being compromised they protect 2.4 million undocumented immigrants. california relies on the honor system and illegal immigrant telling the state they should not be registered. and then there's the separate verification of their citizenship either. another concerof cifornia issues licenses to illegals that allows them to register to vote. california has received a drivers license.
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shanghai composite index, china still closed. all donors across the board picked the nikkei nikkei down 1.2%. korea surprised the 7%. lauren: the ftse is the one great arab el paso point. peeking out a small gain there. bank of england decision today monetary policies. the first decision since their prime minister said the u.k. will not stay in the european union. check in at the cac down three-point. dax 41 points. deutsche bank shares down 6%. they did report a full-year net loss of $1.5 billion. nicole: u.s. stock market futures this morning after succinct yet again yesterday. dow futures some 70, s&p futures to a nasdaq futures to 23. to my repair jobs report.
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lauren: a sharp rise in u.s. stockpiles. both of 27 cents. gold at $15. $12.23 an ounce. nicole: weakness for the u.s. dollar. canadian pound, japanese yen all stronger against the greenback this morning. lauren: deal stands at two points, hovering around 2.5%. 2.46 to be exact. nicole: face that continues impressive growth after the close yesterday. 30% per user. buster facebook added 270 million users. on track to hit 2 billion users this year, something no other internet company has done. each user generated $4.83 in revenue in the quarter. but more than a dollar from last
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year in the hope the revenue growth to $8.8 billion. revenue rose a sharp 53% of the growth is expect it to slow meaningfully later this year. the shares, how they do in the past year of 19%. lauren: will punxsutawney phil see his shadow? it's groundhog day. >> we mustn't keep our public waiting. >> it's showtime. lauren: love that movie and what about janis ian. live what they were for coming out. let's check in on stock features that can make a bad day. nasdaq down 23. you are watching "fbn:am."
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lauren: good morning. 515 in new york from exxonmobil ceo sybase first full day as secretary of state. the senate yesterday confirming 556-42 vote to the now boasts the most in senate history for secretaries day. an tk at the university of california berkeley by milo was canceled last night at their private protest broke out at the student union building where he was scheduled to speak. university police placed the campus i'm not at one point. a vocal supporter president
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donald trump and attacks have sparked protests and occasional violence across the country. the men were shot and wounded a protest outside his tax just two weeks ago at the university of washington. in the market today, watching shares of facebook and amazon. it adds another 270 million users last year. it is on track to get this. 2 billion users can do something no other internet company has done before. meanwhile, inside the ordained and their expect you to report solid holiday sales when they release their earnings. for the overall market, a paris yesterday in the first day of the new month. this morning looks like all three major averages are set to son (-left-paren the third of 1% when the market does something. nicole: let's take a look at some of the stocks today. shares of metlife fell 3% in trading after the insurer missed wall street estimates.
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reported earnings of $1.94 down from a profit of 70 cents a share. derivative losses from market fluctuation. dow component before the opening bell today. earnings of 89 cents per share down from last year and there will be a lot of interest in what they might say that the chimp administration on drug pricing and tax policies. and then there is to paul played mexican grill. reports after the close today. chipotle recovering from big losses from foodborne bacteria at 82015. the company said sales for the holiday quarter probably dropped 5% b that would be a big improvement from a 15% decline in the prior quarter. lauren: sat for a visit early and often as golden state warriors brought hornets. the magic goes the boston celtics rallied over toronto raptors trade raptors.
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george h.w. bush will be flipping the coin of sunday's super bowl and one man whence come you get this from a super bowl tickets for his entire life. how did he do that? we will tell you. you are watching "fbn:am," your first look at morning markets and breaking news. 5:17 in the east. ♪ if something doesn't seem right, so everyone comes home safely. because safety is never being satisfied. and always working to be better.
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fridge, he noticed one was gold, meaning he is eligible for bud lite super bowl tickets for light sweet takes. as luck would have it, rhonda was later chosen from dirty 7000 possible entries to win the grand prize. super bowl tickets for the rest of his entire life. he is now on its way to houston for us for this sunday's big game. lauren: also attending was george h.w. bush, the 41st president. and as soon as the honorary coin flipper from the pregame ceremony. houston is bush's hometown announced that the game is rated on fox. he was just released on monday after being treated for pneumonia. apparently doing well and excited. nicole: a look at the latest in the night action. another receptor is going to.
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the 40 footer and style no less than the jacket. stephan said. onto the rail game, like father like son. curry drained 53, were aricept 20. drain from way downtown. he's not dead yet. still in the second comic can you have one from here? really, check it out. template or to nine points and i can scurry 4 warriors one at 126-111. in boston, the celtics becoming a fourth-quarter legend. to as much as 18 against the raptors. he knocks down a three-pointer. raptors at three with five to play. makes the fourth jumper. celtics a point. their first leg of the cave. fans are pumped under three minutes to go and raptors down to. kyl lowry knocked down a three pointer.
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final second, thomas victory. 19 of the 44 points in the final quarter. one of 9-104. phoenix, griffin in his third game back from his injury how badly he was nice. he makes this between for the lab denmark will go viral. that is worth watching over again. it is unbelievable in the clippers and not one comment he made 124-114. lauren: groundhogs are set to predict if we have an early spring or six more weeks of winter. senior meteorologist jim mussina slides and links to tommy, can you they knew mr. groundhog day forecast. i feel like i should say that again. mr. groundhog day forecast. good morning. reporter: good morning. how are you ladies? can you see them in the back round? by ben punxsutawney,
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pennsylvania. my very first live groundhog day. i'm hardly going away. 15 to 20,000 people are expected to see celeron 7:25 a.m. i'll be on with maria bartiromo sued. we will talk about that. fireworks 6:30. then punxsutawney ran 27 degrees. across the country not too bad for january standards. we are seeing a little bit of light for a committee around 27 degrees. leapfrog around 30 degrees. the last 24 hours we have a little bit of glacier working its way in the northeast and west coast, but everyone is wondering what the forecast will be when he comes out and age. i don't know. he doesn't predict early spring is very often. but i have a feeling today is the day he will come out and say early spring for all of us,
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which will be great news. as you can see, the fireworks are going off. i wish you ladies were here. it's an amazing, amazing day today but i'm so happy to be part of that. life to you on fox business on the fox news channel. vacuously dancing to the commercial. lauren: you are celebrating something out. i still used congratulations. reporter: i was inducted into the meteorology's hall of fame drug punxsutawney, the weather capital of the world at the discovery center just yesterday. what an honor. i'm one of 14 meteorologists inside since they've honored over the last 14 years. i am up there with jim can target of the weather channel, which is pretty often. what an honor. if you're ever here, you have to see their discovery weather center. it's amazing i'm so happy to be here.
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so i can shoot their story, and maybe one day it'll be your story. rolling. get your free business mentor at score.org. lauren: at long last coming is secretary of state. nicolerex tillerson sworn in. happy thursday. forward. nicole: i am nicole petallides. riders at you you see berkeley k windows and set fires to first cancellation of a bright art editor's speech. and the markets committed to al qaeda pastrami 6% jump in apple shares yesterday. this morning it looks like we've decline. dow futures on 70 points. nasdaq down 23.
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lauren: to make a citing 1.2% and uncertainty over the chump administration policies. shanghai composite index closed for the holiday but will reopen tomorrow. lauren: face the revenues to five x dictation font began. we'll find out how popular in out how popular amazon was over the holidays tonight. in sports, said curry had early and often as the golden state warriors browse the hornets. the fourth-quarter magic of the boston celtics rallied over the toronto raptors. it is groundhog's day. we will see if phil sees his shadow and not meant get six more weeks of winter. punxsutawney phil devane agee said. welcome right now to "fbn:am," your first look at morning markets and breaking nicole: rex tillerson the former exxonmobil ceo officially sworn in as secretary is a bad mike pence and ceremony at the white house last night.
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also they are coming at a few words for rex tillerson. >> this is where you are meant to be right here today at this crossroads in history. it's time to write a focus to foreign affairs to take a fresh look at the world around us and to seek new sutio gunded in very ancient truth. lauren: partisan tensions preventing confirmation of the rest of trump's cabinet. this type push back when democrats come us jeff sessions nomination for attorney general heading for a final vote on the senate floor that as of the nominations for treasury secretary after republicans on the senate finance committee changed the rules to bypass the democratic boycott. it is not looking as good for time spent for education secretary bessy savoie and. two republican senators vowing to oppose her nomination with
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device president casting the deciding vote. nicole: condemning iran's ballistic missile test calling the latest in a series of provocative moves by iran. national security adviser michael flynn had a stern warning from the white house. they condemn such actions that undermine security, press. instability throughout and beyond the middle east which plays by as everest. today we are putting iran on notice. in the early stages of determining what action the united states should take at least bonds. lauren: senate majority leader mitch mcconnell should go nuclear as necessary to use that option to get a supreme court nominee approved. we go now to blake burman who explained from the white house.
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reporter: president transcending the morning tuesday to senate democrats. the president suggested majority leader mitch mcconnell would have his blessing to use the so-called nuclear option for the vote of the supreme court nominee, neil gorsuch is out in the possibility that democratic filibuster, but further heightened partisan tensions on capitol hill is. >> if you can, go nuclear because that would be an absolute shame if the man of this quality was caught up in the web. reporter: -- on space at the administration would be comfortable going down the path if necessary. >> i ask would be held to the same standard democrat susan matt nominee is. the president made very clear that the decision is something we would rather not go down, but ultimately up to senator and i went to operate. reporter: the 60-vote threshold
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is the right thing to do. schumer is leading the opposition of the gorsuch nomination. lauren: thank you. nicole: one of america's closest allies a stray off to a rocky start after president suggested in a tweet that the u.s. could a lot of detail to take and send 1200 refugees from a majority muslim country that are current they been held administrative detention center. he calls it a done deal. trump also reported the same australian prime minister martin turnbull over the weekend where he apparently called the agreement a worse deal of her. it went downhill from there with trump chump accusing the prime minister of trying to export the next boston bomber. turnbull addresses tory but did not pay much on the content of the phone call. >> he asked me to export boston bombers.
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>> zero, i am not going to comment on a conversation between self and the predent of the united state other an what we have said publicly. you can surely understand reasons for that. nicole: despite the conversation is as committed to upholding the deal. lauren: president trump and his daughter make it and i do not strip to dover air force base to honor the returning remains of u.s. navy seal killed in a weekend raid in yemen. william ayatollahs for them. coming on the day of the raid. trump not a two-hour visit to debate. i was the first known u.s. combat casualty in the mission ordered by president trump. throughout the service members wounded more than half a dozen militant suspects killed in the raid on an al qaeda compound and include the 8-year-old daughter of a radical cleric in u.s. citizen killed by a drone strike
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in 2011. officials at u.s. -- you see berkeley for us to call for an appearance by a right-wing writer after protests turned violent. 1500 people swarmed the campus lighting fires and the smashing windows, even throwing bricks and fireworks at the police. part of the university put on lockdown. breitbart writer by loading up was called those riots his speech heavily about it is social justice laughed. >> was physical safety is endangered by political ideas from a speaker on campus. they've allowed this to have the courage. >> one student said silence wasn't their intention. >> but would recognize here is the violent occurring in the individual's insane asylum i don't believe this majority views of the student body.
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nicole: no arrests have been reported so far. global market action overnight. shanghai composite index closed until tomorrow. in china the nikkei citing 1.2%. hong kong's hang seng up half a percent each. lauren: bank of england decision today. weakness after reporting a full-year net loss to help current telecom stocks under pressure. dax down the quarter of 1%. but you have the cac squeaking out again fractionally higher and that the u.s. fractionally higher earlier and now it's up a quarter of 1%. nicole: apple cap and out of positive territory. three days of selling. 246 points. yesterday the dow gained 27. back in the right again. dow futures looking at 61. s&p futures and seven. nasdaq futures on 20 and tomorrow is the monthly jobs report. lauren: oil at a prayer this
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morning at 40 cents at 54 and 20 the barre nicole: a look at how the dollar is faring against other key currencies this morning. weakness of the dollar moving to levels from last year. the europe from the u.k. pound, mexican peso from the japanese yen stronger against the greenback. facebook continues its impressive growth of the company earning report after the close yesterday showed a jump of nearly 30% of revenue per user in the fourth quarter. last year facebook added 270 million users. it is on track to hit 2 billion users this year. that is something no other internet company has ever done. each user generated $4.83, up more than a buck a year ago. that helps a total of the revenue growth to $8.8 billion ad revenue. that was a sharp 53%, but that growth is expected to low meaningfully later this year.
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facebook shares up 19% in the past year. lauren: now they have to shell out $500 million after losing out lawsuit. the origin of the virtual reality had that was at the center of the video games publishers and emacs and facebook after phase of five headset maker oculus for $2 billion. and if so, one of its former workers helped build the headset for facebook using knowledge they gained. the former employee john [applause] later became chief technology officer at oculus vr. he wanted as much as $4 billion in compensation and damages you didn't get that much. i thundered million. it will appeal this verdict. train to record holiday for e-commerce as to boost amazon.com earning report after the close today. amazon to report much stronger earnings and sales.
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the holiday season was its best over. the ipo was sold out. beyond blind retailer says it should more than 1 billion items around the world. amazon cloud computing business is expected to show another strong quarter. earnings of $1.35 up from a year ago. amazon shares up 42% in the last year. nicole: it could be that the clintons lost to donald trump is hurting sales of ammunition. the ceo winchester corporation says that jailers reporters report lower than expected a than expected of bullets and ammunition after the election. gunowners increased buying ammo because they thought clinton would win and for stronger gun control. train to come in a couple of donald trump ringtone drug prices without government intervention? >> the president understands what he says they. guess we have to be responsible with regard to pricing.
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we have to continue to have incentives for companies to take risk. nicole: happy groundhog day to you. we are going live to fox senior meteorologist janice dean live in punxsutawney pennsylvania. stocks are looking lower by 60 points for the dow. s&p futures on seven. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ when you have something you love, you want to protect it. at legalzoom, our network of attorneys can help you every step of the way. with an estate plan including wills or a living trust that grows along with you and your family. legalzoom. legal help is here.
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nicole: good morning. 5:45 a.m. in your pjs from exxonmobil's media so they are sold as secretary of state. the senate confirmed by 56-42 vote at the note goes for the most of the senate history for his secretaries day. a planned talk at the university of california berkeley by breitbart news editor by loading up the list was canceled last night after a violent protest broke out at the student union building regular schedule just me. university police placed campus on lockdown. a vocal supporter of president
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trump. his dark side sparked protests around the country. we are watching shares of facebook in amazon today. facebook has added nearly 270 million users last year on track to hit 2 billion users. this is something no other internet company is done. amazon to report strong holiday sales when it releases its earnings today. checking that u.s. stock market futures right now. we are back on the downtrend after gaining favor yesterday. s&p futures on seven of dow futures dropping 61. lauren, that is happening now. lauren: president trump trying to lower the price of prescription drugs. brian dennis without the pharmaceutical industry is react into his plans. >>resident trump seemed to ease tensions with your companies on tuesday to begin at the the white house with top ceos. mr. trump proposed ideas welcome.
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>> we had to get lower prices. even better relations. i want you to move back to the united states. i want you to manufacture the united states. we are lowering taxes big league. >> they found common ground. >> president understands what is at stake. yes, we have to be responsible with regard to pricing, but we absolutely have to have incentives for companies to take risk. >> the change in tone came after he called at drug companies are rising drug prices. and emphasized the u.s. government should begin negotiating lower drug prices for medicare and medicaid, and atf pharma companies vehemently opposed. a senate committee report said drug companies urged the need for competition from generic drugs to drive prices down. on monday, diabetes patients filed a federal lawsuit donations for insulin
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manufacturers accusing him of colluding to simultaneously increasing their drug prices. the average sticker price for a pilot insulin has increased 57% in the last three years alone. according to the center for medicare and medicaid services. >> of the 80 drugs covered, and someone made by sanofi canada for the second-largest purchase of the government. lauren, nicole. lauren: thank you so much. nicole: and spice, says curry early enough said. isaiah thomas fourth-quarter magic set the rally over the toronto raptors. plus you heard it here on fox business. george h.w. bush will be flipping aoin at sundas super bowl. one can this man went super bowl tickets for the rest of his life. how nice. we will tell you how. transcendent. you are watching it right here on morning market and breaking
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lauren: super bowl 51 and one year from the bar never be forgotten. trained over the holidays, while randolph went out to buyome odd lit during a family party and was talking family party and was talking to kids into the refrigerator and noticed one was gold, meaning that he was eligible for a flight super bowl promotion which was tickets for life to the super bowl. as luck would have it, later chosen from 37,000 possible entries to win the grand prize. he now has super bowl tickets for the rest of his life.
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he's honestly to houston for sunday's big game. nicole: he now has a lot of people who want to be his friend. also attending the game, former president george h.w. bush. he will be the honorary coin toss flickr. doubled the pregame ceremony. no surprise since houston is bush's hometown. the former president has had health struggles lately. he was just released monday after being treated for pneumonia. that should be a lot of fun. trades are looking at last night's games ever wonder why seth curry learned to shoot threes? referred again, his standout curry and watch what he does. he calmly takes a 40 footer. he does it. let's get on to the real game. the t-3 right there. second quarter, and trade said
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it from way downtown. can you have one from here? check it out. just passport and ends up with 39 points, giving him 41. warriors win 126-111. nicole: the fourth-quarter legend. trailed by as much as 18 after the raptors. he knocks down a three-pointer up three with five to play. later top mistakes a jumper. celtics go up what. their fit lead of the game. under three minutes to go. raptors are down to, but kyl lowry knocked down a three pointer. final second, night scene of his 44-point and not final quarter. the celtics went 109-104.
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nicole: groundhogs across the country said to predict whether we will have an early spring for his next movie except this winter. janice dean is live there in punxsutawney, pennsylvania. there is music. there is fireworks. it's rocking. reporter: it's amazing, babies. people started coming here at 3:00 a.m. thousands of people that got expected 15,000 or 20,000 people. did you know that hotels are more expensive than hotels in houston for the super bowl. that's how popular this event is. a look at temperatures across the country. here in pennsylvania it's 27 degrees. ask a team-high around 30 for the groundhog. will he see his shadow? will it be an early spring? 30 degrees cloudy and they say he sees his shadow that the sun is out and mix acting cloudy skies. i think we might actually see
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early spring which be fine by me. there's your forecast still expected to come out for this groundhog or at 7:25 a.m. we will be carrying that live on fox and friends and lots business channel. i am so excited. this is my first time here. it is my first time, but it won't be my last time. lauren: how many had to have? reporter: and somebody has interpolated yesterday. every hour i will be wearing a different one. and the nightclubs? a little furry gloves. trade shoot very gorgeous silk ties in with your groundhog on combo. thank you. lauren: coming up, a bacon shortage? s. more like hogwash. what is causing bacon lovers to freak out? we will have that next.
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if lauren: can you smell it? a content can have no fear. there's not actually a bacon shortage this year. despite a planned the poor prisoners of poor prisoners of the 50 or the outcome of 50 or the outcome of the truth is that there just reserves and plenty more bacon is on the way because it only takes about a month from birth for a half to be processed. the u.s. produces nearly 75 million pounds of pork belly every week. that is bacon sizzling right there. >> looks delicious. take your lipitor. thank you for watching.
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we'll handed over to morning to maria and say good morning to you, maria bartiromo. maria: good morning everybody. thanks for being with us. it is thursday, february 2nd. you're tops as 6:00 a.m. on the east coast. groundhog's day. chaos on campus. protests breaking out of a speech from a conservative editor for us in the camp relation of the event. broken windows sec the university and local residents frustrated as agitators got in the way of the first amendment. >> i support free speech. see what he had to say. [inaudible] it got shut down by a bunch of people. >> not a proud day for this campus on the free speech
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