tv FBN AM FOX Business March 22, 2017 5:00am-6:01am EDT
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arkansas. tomorrow night congressman doug collins,en greg abbott among our -- congressman greg abbott nicole: breaking news this morning, just one day before house vote to replace obamacare. do they have enough votes to pass the bill. good morning, i'm nicole petallides. lauren: good morning, i'm lauren simonetti. concerns about the future donald trump's probusiness agenda leading to lock in profits, including financials and tech, well, the dow sank 237 points yesterday, that's 1.1% to the downside. futures this morning are still down 58 points.
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nicole: failed missile launch by north korea. in south korea the kospi fell half a percent and in china down a half of 1%. lauren: down arrows continue with oil. more signs of oversupply of crude. nicole: investors bought bond and that put the yield on the treasury down, 2.11%. donald trump's first pick for supreme court heads for another day of questioning on capitol hill this morning. we are going to take a look at how neil gorsuch adoing. nicole: sears tells it may go out of business, is this retail icon going down in flames, we will have the story. lauren: toronto raptors beating chicago bulls but not before throwing punches first. pittsburgh penguins make insane one-handed goal. we are going to show it to you.
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nicole: 5:01 a.m. new york right here, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. >> it's time to get to work and get the job done. that legislative effort begins with thursday's crucial vote and it really is a crucial vote for the republican party and for the people of our country. lauren: earlier yesterday the president also had a closed-door meeting with house republicans warning them that they would lose seats in the 2018 elections if they did not follow through on promise to repeal and replace obamacare. congressman kevin brady with neil cavuto. >> president trump visit today with house republicans was
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persuasive and i have more members, specially those undecided now saying absolutely. this is the most conservative bill that's going to pass the house or the senate and so, look, we have work to do but the momentum is on our direction. nicole: conservative caucus still has enough votes to defeat the bill. congressman jim jordan on the first one hundred days last night. >> let's be honest does this bill repeal obamacare, no, it doesn't. it's obamacare like, does this bill bring down premiums, no, it doesn't. does this bill unit republicans, obviously it doesn't. you have lots of conservatives in the house and senate oppose to this legislation. nicole: bill will be taken up by the house rules committee and for more on this jim will be joining us in just a few minutes. lauren: supreme court nominee
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neil gorsuch said to return to the senate this morning for his confirmation hearing, this comes after 12 hours of tough questioning from democrats yesterday. >> how do we have confidence in you that you won't just be for the big corporations? that you will be for the little man. >> i participated in 2,700 opinions in 10 and a half years, if you want cases where i've ruled for the little guy as well as the big guy, there are plenty of them, senator. lauren: during yesterday's hearing he also pushed back against the idea of political motivated judges. >> i have no difficulty ruling against or for any party other than based on what the law and the facts and the particular case require. and i'm heartened by the support i have received from people who recognized that there's no such
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thing as a republican judge or a democratic judge. we just have judges. lauren: today's hearings begins at 9:30 a.m. eastern time. nicole: for more on this, fox news legal analyst mercedes is with us in the studio. >> good morning, great way to start my day. nicole: where do you think democrats will dig in today? >> well, they're certainly digging into, they are starting to go into roe versus wade. what if president trump said you have to reverse roe verus wade. lauren: how are they going to try to do that today other than abortion? >> one way that we saw yesterday was when we started talking about are you really for big corporation, little corporation. they are going to dig deep. yesterday they spent so much
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time on the one case where we found for the employer. look, it was those facts and circumstances. what about the 2500 of the cases where i favored the plaintiff. nicole: he clearly has made that evident that he's not doing that. where does he fit with the justices over all? >> he's definitely constructionist. he says he's a constitutionalist, he looks at the four corners of the constitution but he's exactly as justice scalia would, i wouldn't say exactly, certainly similar to justice scalia. it's not going to change the balance of the court. it's going to be the next nominee that would because he's going to step in to just scalia's shoes. lauren: he was pressed yesterday about president trump's criticism of judges calling that thorough judge who is opposed travel judge. neil gorsuch couldn't have been
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more clear that he thought it was demoralizing and wrong. >> it will depend on the cases, i will look at the facts. i just wanting to through the facts and they kept throwing all the hypotheticals. what if this case started to manifest itself? no, no, i need to look at the facts and the laws. i'm not a legislator. nicole: muslim ban. what if a muslim. first of all, i'm not going to answer the question, he held strong. >> very strong. it's someone who is impervios. lauren: really quickly, still senate minority schumer is still trying to delay confirmation. >> ultimately they may have to go nuclear and say we are not even going to entertain having any vote.
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lauren: push him through. >> exactly. nicole: legal analysts fox news mercedes collins. thank you so much for joining us this morning. >> my pleasure. lauren: north korea's missile test appears to have failed. the missiles have believed to have exploded within seconds of launch this comes as the u.s. and south korea conduct their annual military drills. earlier this morning north korea successfully launched four. nicole: provoking outrage and raising questions. one of the respects 18-year-old henry sánchez is believed to have entered the state from guatemala illegally and josé from el salvador has been charged. the rain angrying officials, the white house calling the case disgusting and shocking. >> i think part of the reason
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that the president has made illegal immigration and crack down such a big deal is because of tragedies like this. nicole: both students were freshmen at the school because of their weak english skills. lauren: sea of red in asia, you have a big decline in japan. nikkei falling more than 2%. hong kong hang seng average down 1.1%. kospi in south korea down half of 1%. nicole: after stocks tumbled here in the states yesterday, much of the same in europe. the cac quarante in france also three quarters of 1%. same with the german dax, led lower by energy, materials, financials, technology, that's what we are seeing, worst day of the year yesterday falling for the fifth day in a row. s&p futures down 4. nasdaq hit an all-time high during trading yesterday. closed more than 100 points town
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to the downside. nicole: gold has been up, a safe haven has been up four sessions, 12.47 a troy ounce. lauren: dollar hit a four-month low yesterday and now you see the euro, uk pound and mexican peso weaker. nicole: that's why you see the yield lower here. 2.14% for the ten-year bond. lauren: seres is in doubt with filing with security and exchange commission sears holding that it faces substantial doubt about staying in business unless it can borrow more money and draw on cash from selling of its assets, sears is working to find ways to stay in business. in january sears said it's closing 150 stores. shares of the company down, ugly
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chart in the past year. nicole: airbnb stepping up to china to attract millennial customers. it's announcing a new chinese name. airbnb has been focusing on travelers coming from china and increase travel from chinese and international tourists in addition to boosting offers seek to go explore the world. lauren: coming up donald trump and house speaker ryan lobbied as tomorrow's vote is large. >> the president was very clear. we made a promise, now it's our time to keep the promise and we keep the promise. lauren: do conservatives have the votes need today block the bill, we are going to ask james, real clear politics, congressional reporter. concerns about the trump agenda
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lauren: good morning, 5:15 in new york. president trump warning that they lose seat ifs they do not. conservative members say they are still voting no and could derail the house vote which is set for tomorrow. supreme court nominee neil gorsuch preparing for thirst day of confirmation hears today. yesterday democrats to reveal issues. so is he a god pick? seems like it. futures in doubt, sec says
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turnaround efforts are in doubt. company lost more than $2 billion last year. plans to close 150 store this is year. that's for the markets. worst day since the election, the selling continues this morning. taking a look at the futures across the board. they are down a quarter of 1% for the dow, nasdaq and the s&p 500, nicole. nicole: thank you, donald trump had an extraordinary meeting on capitol hill yesterday trying to drum up a vote on the house tomorrow on the bill to replace obamacare, conservatives say they have the votes to block the bill. what's going to happen? joining us james, real clear politics congressional reporter, thank you for joining us, good morning. >> good morning. thanks for having me on. nicole: conservatives say they have the votes to block this bill, do they and what do you project will happen? >> it's all depending on how seriously you take mark meaddows
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chairman of the freedom caucus, he's been saying that there's enough conservatives as well as moderate that is are opposed to this bill, so whether or not leadership in the white house can pick off a couple more conservatives and squeeze this through it really depends on how much you think mark meaddows has the pulse of the house conservatives and how much they're serious about willing to block the legislation.ave 24 hoo change some of the republican conservatives mind, no? >> yeah, they do have 24 hours. house leadership and the white house had been negotiating seriously. mike pence met one-on-one with mark meaddows and the president. other house conservatives are meeting, so they are trying to change it a lot but you're not going to be able to see any significant changes to the policy in this legislation over 24 hours. so essentially they're going to have to convince them that they're going to be changes in the senate or changes down the
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road in order to get their votes. nicole: the market was spooked yesterday that this may not go through and what happens to tax changes and reforms and if you can't get support for this maybe he doesn't get supports for tax cuts, your thoughts. >> absolutely. this is really -- this is an argument that speaker ryan has made and the president has made that this is the first part of the agenda. if you can't get a repeal and replace of the affordable care act, you will have a lot of trouble getting to the budget reform and other parts in the agenda. this is critical for house republicans and for republicans in the white house. president trump just generally speaking their entire agenda in washington this year is critical to this vote and whether or not they can move this forward. lauren: they're already calling calling in the wall street journal a great piece tax reform like that the plan that we do eventually get, the tax cuts, it's going to be smaller and lighter than a lot of people had hoped and that's what nicole
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pointed out. that's what took stock down yesterday. >> yeah. tax reform, this is really interesting because the affordable care act repeal and replace is probably an easier effort in the house than tax reform is going to be and probably an easy effort in the senate so if they can't get this done, i don't know how they're going to be able to get tax reform done by tend of the summer which is the goal that they set out. nicole: do you think it happens tomorrow or no? >> i still think better odds than not that it passes. everyone ran on repealing and replacing the affordable care act. it's pretty difficult if someone comes to you while the vote is open and says this is your chance to do it and still be casting the vote no. nicole: we have obviously the elections for the congressional seats so they have to get it done. thank you for joining us. >> thank you. lauren: holding off to optimism there. toronto raptors beating chicago bulls but not without throwing
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mat barns go for the shot. not in my house. vicious block sends barns into the stands, but that was the lone highlight for the mavs, steph curry gets the bounce for the 3-pointer, warriors pulling away. later same spot, curry dodge it is defender and drops in another warriors win, 112-87. in toronto jimmy butler hug it out. third quarter butler pops and things really heat up there and you could see ibaka get into a browl -- brawl. ibaka counters hitting lopez, ejected, suspensions. turn-around jumper.
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timeline put them there, take another look at that. right up the middle. one hand and the penguins win that 3 to 1. jerry krouse has died. helped built the dine nasty that won six championships led by michael jordan. jordan issued a statement, jerry was a key figure in the bulls, my heart felt condolences go out to his wife and family and friends. lauren: more sad news for you, chuck buris has died.
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lauren: aired from 1976 to 1980. he launched the classic game shows the dating game, the newly wedding game, was actually made into a film that was directed by george clooney and wrote songs including hit, very talented. barris died at the age of 87 in home in new york. nicole: coming up one day away from a critical house vote on the bill to replace obamacare. president trump pushing for last-minute votes. >> mr. president, are you confident that the bill will pass? >> pretty much. nicole: do they have the votes? we will take a look at that. sears tells investors they might have to go out of business. you're watching fbn:am. oil down 50 cents futures down
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lauren: breaking news this morning, one day after for house vote. nicole: after sinking over 237 points or 1.1% yesterday dow futures right now down 57 points. lauren: much of the same in asia. stocks there falling on the heels of wall street selloff and a failed missile launch by north korea n. japan stocks fell over 2% and in south korea and china each of those indices down half
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a percent. nicole: oil prices falling down and right now down again 1 and a half percent. 47.51 the barrel. lauren: pushed down to 2.4% this morning. nicole: donald trump's first pick for supreme court heads for a second day of questioning on capitol hill. we will take a look at how judge neil gorsuch is doing. lauren: sears telling investors it may going out of business, is a retail icon about to go down in flames? we will take a look. nicole: in sports snapped a losing streak winning chicago bulls but not without throwing punches. one-handed goal. we will show you the highlights. lauren: 5:31 a.m. in new york wednesday 22nd of march, halfway through the week, everybody. thank you for joining us. welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. nicole: breaks news this morning president trump making another
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pitch for the gop healthcare in republican fundraiser in washington last night. >> it's time to get busy, get to work and to get the job done. that legislative effort begins with thursday's crucial vote and it really is a crucial vote for the republican party and for the people of our country. nicole: earlier yesterday the president has a closed-door meeting with house republicans warning them that they would lose seats in 2018 if they did not follow through on their promise to repeal and replace obamacare. congressman kevin brady on your world with neil cavuto. >> president trump's visit today with house republicans was very persuasive and i have more members specially those who are undecided now saying absolutely this is the most conservative bill that's going to pass the house or the senate and so,
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look, we have work to do but the momentum is in our direction. lauren: conservative freedom caucus still has enough votes. >> it's obamacare like. does this bill bring down premiums, no, cbo said premiums are going to go up and does this bill unit republicans, obviously it doesn't, every major conservative organization is opposed to it and conservatives in the house senate and opposed to the legislation. lauren: what now in the bill will be taken by the house rules committee today. real clear politics will join us in just a few minutes. nicole: supreme court nominee neil gorsuch said to return to capitol hill this morning and this comes after hours of tough questioning from the democrats. >> how do we have confidence in you that you won't just be for
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the big corporations, that you will be for the little man? >> i participated in 2,700 opinions. over ten and a half years. if you want cases where i have ruled for the little guy as well as the big guy, there are plenty of them, senator. nicole: during yesterday's hearing he also pushed back against the idea of politically motivated judges. >> i have no difficulty ruling against or for any party other than based on what the law and the facts and -- in the particular case require and i'm heartened by the support i have received from people who recognize that there's no such thing as a republican judge or democratic judge, we just have judges. nicole: today's hearing will begin at 9:30 a.m. eastern time. lauren: for more on this mercedes joining us now in studio, hi. >> good morning.
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lauren: good morning, we have had at least 12 hours of testimony yesterday grilling on the hill. again today, how will today be different? and when can we expect a gorsuch confirmation? >> thisfirst day. i have a hundred letters say that say you shouldn't be on the supreme court. we are going see more of that. it's going to be more explosive. judge gorsuch did a great job yesterday. he was on, he was clear, he pushed back when he needed to push back. lobbied by senators but a tomorrow is going to be it. tomorrow will be likely the vote. i'm sure it's going to be nuclear unfortunately. we started start to see the democrats we are not going to be able to vote him in. we saw chuck schumer say repeatedly through the process that they will not be supportive
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of the canned day. this is very unfortunate. it's not going to change the balance of the court. it's the next nominee. nicole: you believe she will be confirmed and the political theater continues. as that continues today, what do you expect. what do you think highlights might be today? >> they are going to go back to big corporation versus little guy. nicole: you think he's a good choice, right? >> excellent choice. if you look at some of his decisions, i read his decisions when he was nominated. he's straight down the middle. i can see the logic behind his rulings, it's not something they could say it's politically motivated. he was cler on the facts and the issue that kept coming up as truck driver, it was clear, this is an employee, you were an employee and if you don't follow direction and do do what you're supposed to do you're going to lose the job. lauren: the truck driver on the freezing cold left the car on the side and neil gorsuch said i probably would have done the
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same thing but i'm a judge and looking at the legality of the case i have to rule in favor of the company. how exactly are democrats going to try to ding him today? >> probably a lot more of the support and they allege that there's controversy surrounding the judge and more lefts to come in. let's say he's the worst judge and procorporation, that these are the decisions he should highlight. there's going to be more of that today just to change. yesterday judge gorsuch did a good job and today all the unsettling letter that is will come in. nicole: we will come in. when is the next judge lined up? >> good question. nicole: he gets confirmed this week and then what? >> weare looking at judge ginsburg. she's going to hold on till she possibly could and then justice kennedy.
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this is a four gone conclusion. lauren: second pick is usually the most conservative of the judges. thank you for your time. nicole: thanks, nerkdz. north korea's missile test appears to have failed. the missile is believed to have exploded within seconds of the launch. this comes as the u.s. and south korea conduct military drills. north korea successfully fired four ballistic missile that is landed in water of japan. lauren: with that let's get you caught up on global market action overnight. the cue came from the intense selling yesterday. asia dune. the kospi in south korea down half of one percent. nikkei down. nicole: much like at home technologies under pressure. in europe, under 1% at this
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point. cac quarante the same. dax in germany down three quarters of 1%. lauren: investors doubting whether donald trump can get his promises through. falling more than 20 points yesterday. nasdaq futures down 10 and a half. nicole: we have been watching oil that's been under pressure. 47.50 the barrel as gold has been to the upside and continues that move. lauren: yesterday the dollar hit a four-month low. japanese yen is stronger versus the dollar and that's one of the reasons the nikkei fell so much. nicole: 2.41% as people buy bonds. lauren: soon you'll be able to get your cosco grocery order delivered to your front door. cosco is teaming with service called ship, it's launching service for customers in tampa
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first and does plan to move into 50 markets by the end of the year. members pay $99, annual fee for unlimited deliveries, the home delivery service is one way that grociers are competing, kroger has teamed up uber and wal-mart has been testing with uber and lyft since last summer. nicole: apple says users can add filters, speech bubbles and the new video app could help apple to compete against snapchat and facebook's messenger. lauren: the company reported lower than expected quarterly revenue. they are seeing a lot of competition from adidas and
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under armour right here in north america. on the other hand, fedex shares jumping 4%. the company says revenue surging over 18% during the peak holiday season, that was helped by the purchase of t&t express. >> the president was really clear, he layed it down the lines to everybody. we have made our promise and it's time to keep our promise. if we keep our promise, people will reward us. if we don't keep our promise. nicole: we are seeing declines again today. s&p futures down 3, nasdaq down 9. let's check in on oil which has been down two sessions, down nearly 3%.
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nicole: 5:45 a.m. here in new york. let's get you caught up on what's happening now. president donald trump pressuring house republicans to pass an obamacare replace meant bill. he warned them yesterday. they risk losing their seat if they do not but conservative members say they're still voting no and could derail the house vote set for thursday. supreme court nominee neil gorsuch prepares for his third day of confirmation hearings today. yesterday senate democrats pressured gorsuch to to reveal issues leaning and appeared to have hours of testimony relatively unscathed.
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sec filing, the retail said efforts have fallen short and warned it may not be in business much longer. the company last more than $2 billion last year. it plans to close 150 stores this year. checking out u.s. stock market futures after some dramatic selling yesterday where stocks dropped over a percent, dow futures down 47, s&p futures down 3. lauren, that's what's happening now. lauren: thank you, nicole. donald trump had an extraordinary meeting on capitol hill yesterday trying to drum up support for critical vote tomorrow on the bill to replace obamacare. conservatives say they have the votes need today -- needed to block the bill. joining us is james, real clear politics congressional reporter, good see you again, james. james. >> yes. thanks very if me. lauren: does house speaker paul ryan pull the vote if he doesn't have enough support for it?
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>> that's a really important question and i don't know the answer to it at this point. right now they have seen enough momentum towards the bill. they have seen some conservative members from the committee. even if we don't have enough votes, let's put this to a vote on the floor and challenge the numbers on the floor and say are you willing to derail our chance to repeal obamacare. right now during this vote, i think that will be a pressured situation for some of the members who are voting no. i think there's a reason that they might put this bill on the floor even if it doesn't have the votes, if it's pretty clear that it's not going to pass, then it might be the smart move for them to pull the bill and restart negotiations and try again because this will be a huge embarrassment for the white house and for speaker paul ryan if this thing doesn't pass. nicole: that would be pretty tough on them as well. who are the hold-outs and what does it take to change their
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minds? >> you're seeing some members of the ultra conservative house freedom caucus saying this is obamacare like, this isn't what we promised when we said we were going to repeal and replace the affordable care act. basically a wholesale change so what the legislation is doing. some of the voters -- members on the conservative side are probably not going to vote for it no matter what they to to change it. and then you see moderate who is are worried about what the cbo said in terms of the loss of coverage and so they want a little bit more help with elderly people and the poor being able to get tax credits to help them pay for healthcare. they are really worried about people in their district who is are going to lose health care over this legislation based on what the cbo said. so some minor tweaks and changes could bring some of the moderates on board but i think the conservatives are pretty firm of the opposition. lauren: they, but they are
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members of the republican party. you're going to repeal obamacare or lose their seats. >> exactly. he said the house majority could be in jeopardy if we don't do this and pass this bill this week. but these conservative members weren't suede by that. he called out merk meadows. lauren: well, that's what we have right now. thank you so much, good to see you. thank you. nicole: coming up in sports toronto raptors snap a losing streak by bitting chicago bulls but not without punches. in hockey, one-handed goal, check that out. we will have all the highlights for you. storms out west and in the south, we will take a look at the latest weather forecast. meteorologist adam is standing by. you're watching fbn:am, first look at morning markets and breaking news
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mmm, show me last chance u. on second thought, maybe pompidou. narcos, fearless, cooked, the crown. marco polo, lost & found. grace and frankie, hemlock grove. season one of... show me house of cards. xfinity watchathon week starts april 3. get unlimited access to all of netflix and more, free with xfinity on demand. lauren: welcome back, time now for sports. a family affair in dallas. steph curry facing his little brother. this is the first quarter. matt barnes go for the shot but he says, not in my house. sending the block into the stands. check that out. gets the bounce for this 3-pointer, warriors pulling and goes in. warriors pulling away. curry dodges the defender and drops another. warriors win that one.
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in toronto, pops the 3, things heat up. ibaka and lópez get into a brawl. this is not your usual shoofing, real punches are thrown. ibaka counters hitting on the side of the head. game eventually resumed. we go into overtime. knocks down the jumper and the raptors go on the win 122 to 120. there's the shot. >> in hockey making game look easy, time is winding down in the first, puts the amazing back hand. take a look here. up the middle and with one hand, lift it is puck for the goal, penguins win it 3 to 1. nicole: weather is warming up but huge storm systems are stretching from coast to coast
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to bring spring showers and hopefully flowers. fox meteorologist adam has been tracking it with the latest, good morning, adam. >> very spring-like across the country yesterday into today begin to see a couple of changes at least in spots currently 40-degrees. see the colder air stretching in the northern part of the country. we are going to be talking about temperatures dropping drastically here in the next couple of days actually even by this evening. i think we are going to be looking at temperatures down into the teens in the new york city area. out west, another part of the story. you are looking at 55-degrees in albuquerque. we are going to be tracking a chance of seeing severe weather, as we see cold and warm air meet, we could be talk about possibly even tornadoes or at least big storms. that's a system that we are
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going to certainly be watching and paying attention to. definitely spring showers around the corners, guys, as we are talking about where the warm air and cold air meets. it's been an active spring so far and active winter will continue in the next couple of days and in the next couple of weeks. >> adam, thank you. lauren: coming up, one of the funniest moments ever on the wheel of fortune. you're watching fbn:am . even mo. and at $4.95, you can trade with a clear advantage.
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fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. juswho own them,ople every business is different. but every one of those businesses will need legal help as they age and grow. whether it be help starting your business, vendor contracts or employment agreements. legalzoom's network of attorneys can help you every step of the way so you can focus on what you do. we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here.
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nicole: classic miss on wheel of fortune last night. one letter was missing from the puzzle. watch what happens when kevin spun the wheel and guessed the wrong letter. >> 600. >> k. >> no. nicole: k, kevin opponent's correctly solved the puzzle with an m which named it a streetcar named desire. lauren: his mind was in the gutter. we will turn it right over to mornings with maria. mornings with maria standing by as the selloff continues. maria: thanks so much, good morning, everybody, thank you so much for joining us. i'm maria bartiromo, happy
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wednesday, it is wednesday march 22nd. your top stories right now 6:00 a.m. on the east coast. the republican healthcare plan on life support. president trump take to go capitol hill yesterday trying to get the votes to pass the house, conservatives are holding their ground. >> terrific people. [inaudible conversations] >> we have been very clear this bill doesn't do what we told the american we were going to do. maria: uncertainty weighing on the markets because of healthcare does not pass tax reform is at risk, as you know. sharpest declines yesterday since september. small cap stocks hit the hardest, russell 2,000 index down nearly 3%. there's the damage yesterday. take a look at what's happening this morning in terms of futures. we are expecting to see further
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