tv FBN AM FOX Business June 23, 2017 5:00am-6:01am EDT
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we highly endorse it. that's it for us tonight. thanks for joining us. please be with us cheryl: breaking news this morning. four prominent republican senators have come out against the gop senate health plan but president trump is optimistic they are going to support it. we are going to take a look at the numbers mitch mcconnell needs to get the bill passed. lea: democrats in disarray as more calls for nancy pelosi to step aside. cheryl: well, in the market it is major averages losing ground yesterday but health care stock, the big winner. sector of up five weeks in a row and now dow, s&p and nasdaq all pointing to slightly higher open this friday. >> investors keeping an eye on bear market.
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cheryl: the question this morning amazon about to disrupt the world of football. company putting a price tag for ads appearing on nfl streaming for thursday night. the question is are you going to watch? lea: uber employees are standing for ousted ceo travis to bring him back. cheryl: a big night in basketball as the so-called one and done freshman rule. we will tell you who got the top picks and all the biggest deals that went down. lea: 5:01 a.m. on june 23rd, i'm lea gabrielle for lauren simonetti. cheryl: i'm cheryl casone, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lea: we've got a lot for you. at least four republican senators come out against gop health care, rand paul, mike lee and ron son jon said they will
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not vote for the bill in current form. >> we are open to negotiation but we want to bill to look more like a repeal. we are afraid that when we read the bill that it actually looks like a reiteration or keeping of obamacare. >> i've made very clear that i want to get to yes and the way to get to yes is fix the underlying problems, lower premiums and i will happily be part -- lea: president trump expressing optimism in an interview on "fox & friends". >> there are four good guys and four friend of mine. i think they will probably get there. we have to see. health care is a very difficult situation. if you look. the clintons tried to get it and after years and years couldn't do it. obamacare now failed, obamacare is a disaster and we are trying to do something in a very shift. lea: more of that on "fox & friends" and senate minority leader chuck schumer criticizing
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republican measure. >> the president said the bill needed heart, the way this bill cuts health care it's heartless. president said the house bill was mean, the senate bill maybe meaner. cheryl: former president obama saying, quote, the senate bill unveiled today is not a health care bill it's a massive transfer of wealth from middle class and poor families to the richest in america. meanwhile the congressional budget office says it should have an estimate of the price and impact of the plan by early next week. tell you what, u.s. health care stocks posted sharp gains to the upside yesterday after the senate gop bill was announced, many of the stocks actually hitting all-time highs in that sector. lea: a group of democrats meeting behind closed doors on capitol hill to discuss the party's future after a string of special election losses that included defeat in georgia.
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some of them say the party back to majority cannot happen with pelosi. pelosi defending leadership and job during a press conference listen. >> i feel confident. my timing is not about them, my comments about the issues that we are here to fight and we are fighting right you. we are paving a way to a new generation of leadership and i respect any opinion that the members have, but my decision about how long i stay is not up to them. lea: she has been around. 77-year-old pelosi has been leading the house since 2003. cheryl: long time. a lot of folks want to see her go. overseas now to north korea, they have tested a new rocket engine. u.s. officials say the engine could potentially be used on an intercontinental ballistic missile capable of reaching the u.s. mainland. this comes after washington asked beijing to put more
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economic and diplomatic pressure on north korea to help rein in north korea. that meeting is going to be at the white house next week. lea: we are waiting for that. am stone is charging advertisers a hefty price tag for privilege to run ad on new nfl streaming service. herl chrl we have tracee carrasco with all the details on this. tracee, good morning. tracee: it sure is. amazon is paying $50 million to live stream thursday night games to prime customers. amazon is looking to charge advertisers $2.8 million for packages that include 30-second spots during those games. for each game amazon can sell estimated 10-second spots, ad packages are significantly higher than 550,000 to $590,000 that nbc and cbs charge for ads.
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both of those networks will broadcast five games each this season. now under the terms amazon is offering buyers may run throughout the football season. live stream games will only be available to subscribers of amazon 99 per year prime service and seen first high profile push. streaming nfl games is latest move of amazon to get customers to website in order they will subscribe to prime and spend more online. big question, how many people will watch live stream games online? analyst estimate that number about 50 million people. cheryl: it's incredible that we are now talking about streaming versus, you know, old-school tv but i'm showing my age. what does this mean for the future of amazon specially the financing of the company?
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>> they who knows when that might happen. this just shows amazon is taking the next step to do new things in the market. last week they purchased whole foods so they are really doing big things there. cheryl: food and football. lea: good things that go together very well. good morning to you. first round of the federal rereceiver annual stress test showing 34 big banks have gained strength, central bank says that all of those banks are fortified enough to with stand a severe u.s. and global recession and continue lending. the stress test showing that morgan stanley trails the rest of the wall street in hypothetical crisis and the second critical part of the system is announced next week. cheryl: well, let's get you caught up, the financial sector was certainly a group to watch yesterday, the stock is under pressure, we will talk about about it.
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as you can see a mix bag, most of the indices in the upside in japan. hang seng with tinny bit of pressure and korea kospi up as well. lea: one-year anniversary of the uk brexit vote. the dax down by 37. cheryl: still questions about how brexit is going to affect those markets. taking a look here. you do have green numbers on your friday. it's been a quite a week for the dow. dow pointing higher by 16, s&p and nasdaq higher as well and this could be the fifth week of gains for the dow. we will keep it. lea: let's take a look at commodities, oil is higher by 20 cents. we have been watching that, of course, gold higher by 8 at 12.57 a troy ounce. cheryl: talking about this a minute ago, the health care stocks really doing well yesterday, five weeks, senate republicans unveiling that plan to overhaul obamacare.
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lea: cristis chief investment officer in capitol management. good morning to you. >> good morning, cheryl, good morning, lee. >> we saw big bump yesterday, what is your expectation? >> there's two reasons why they've moved. the first one more boring fundamentally, they haven't done very much in biotech is certainly part of it and now all of a sudden they were cheap and they have to move. the biggest thing, is really the government, never underestimate the power of government, make a business and break a business and the new health care at least from what i can look at it, as we see it now is that previously affordable care act traded off, you know, 15 to 20 million people getting on health care and then 50 million people having a health care expenses go up 2 to 3 times and now all of a sudden there's a shift back and we will see more spending particularly on the health care sector, pharmaceuticals, whatever.
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a good outlook moving forward here. cheryl: yeah. >> who knows whether it passes. cheryl: who knows, that's the big question. it wasn't just health care stock aetna, humana that performed yesterday but you had hospital companies, drug companies doing really well. what names do you like right now? >> i think in the drug companies i look at some of the things that are beaten down. the pure pharmaceutical, bristol myers would be one. in the biotech area i would look at beaten one like gilliad. those would be the areas that i would go into. the hospital stocks, i think, already have had a move and i'm a little cautious on those. lea: as we are taking a look at individual stocks, of course, the senate wants to try to pass the health care before before it heads to july recess. what happens to some of those names if it doesn't get passed? >> i think they come in a bit and i think everything shifts of
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course to tax reform if they don't get health care pass. so you're gambling a little bit with that but they were in a depressed level anyway. cheryl: i don't think we are going to get upset if we get tax reform sooner than later. really quick, overall from an investor perspective, which plan do you like better, the house plan or the senate plan? >> i like the senate plan, it's a little bit more moderate and despite some of the opposition statements, i don't think it really hurts a lot of people, i guess a comfortable plan for most americans. cheryl: we are going to be following it. thanks for joining us this morning. >> thank you. lea: senate republican plan is all for all to see, compare that to nancy pelosi's infamous comment about obamacare back in 2010. remember this? >> we have the pass bill so that you can find out what is in it. lea: we will take a look at
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lea: welcome back, 5:15 a.m. in new york. a virginia man is facing life in prison after being charged with giving top secret documents to the chinese. his name is kevin patrick mowlery, worked for u.s. government and contractors and he was caught with $16,500 and two carry-on bags upon return to u.s. he told the fbi chinese agents had given a special communication's device for transmitting documents. uber employees want to bring back travis kalanick, a thousand employees have signed petition asking board for return. they did stop short demanding,
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kalinck was forced to resign after a group demanded hi step down. after two years of speculation it appears that the popular television series downtown abbey is heading to the big screen and will go into production sometime the next year. the series ending in 2016 after six seasons. s&p higher by 3. nasdaq by 10 and that's what's happening now, cheryl. cheryl: we were talking about the fact that health care names are performing in the markets. five weeks in a row you have the guys higher. we will see what today brings as republicans are unveiling the bill in the senate yesterday but they may not have the votes to pass it. let's bring in republican strategists and former nevada gop chairwoman amy, you have basically, it comes down to the numbers, right? >> yes, absolutely, it does.
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cheryl: 52-48 split, you have four republican senators including ted cruz, rand paul, what are the chances now with high-profile names saying they don't want to get involved? >> well, it'll be interesting to watch but what i think we need to do here is we need to slow it down a bit. you can't expect to have a bill come out one day and within less of a week be able to have everyone on board like the democrats did. it took them 14 months to get obamacare passed an democrats tend to follow each other, republicans don't do that. we are actually a party who have lots of different thoughts, ideas and takes a little bit more time to get on the same page. lea: not just building with time but gaining support of senators that are not in favor of it, what are the chances to get moderate democrats on board to try to get this passed. >> it seems to me that the democrats moderate or liberal
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aren't really that interested or jumping on board or chuck schumer claims that he does. otherwise, why would we have groups of people being bussed in before bill is even released. they do have this bill on audio played on the bus, are they all speed readers. they were ready to protest no matter what was in it. cheryl: as we look at it now, it's moving things back to the state, medicaid a big discussion, kids being able to stay on the parents plan and a lot of folks liking what they see here. let me ask you this, there's questions whether if mitch mcconnell did you want have the votes, some saying that he's still going take it to the floor because he wants to at least get that move out there, showing that he's behind the president and he won't take the blame if he doesn't get passed. >> well, i don't know about taking the blame but i think that is why. we do need to have negotiations happening here.
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i'm not happy with this bill. i can tell you this bill does not help lower my premiums, it does not help lower deductibles, for our family of six, our premiums gone up 100%, copays for specialized doctors, 400%. my son at age of seven had a stroke so in order to take him to one of the specialist doctor, 35 to $150 a visit. lea: that's exactly what senator cruz has said, it's going to come up to premiums. yesterday rand paul said that he didn't run on obamacare like, can they win over some republicans and get premiums downs, ana -- amy. >> they promised us a repeal. this is simply a replacement. this is not close to a repeal. it's wise that mitch mcconnell does bring to the floor so we can start negotiations. cheryl: amy, thank you for being here and thoughts with your son and family as well. great perspective.
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lea: coming up, cindy may not be a tropical storm but still packing rain and flooding. janice dean looks at what's left from cindy and meanwhile sounds like johnny depp has a kathy griffin moment. we will explain. you're watching fbn:am. stay with us. ♪ here comes the fun with sea-doo starting at just $5,299 and up to $500 rebate visit sea-doo.com today we cut the price of trades to give investors even more value.
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assassinated a president, to clarify, i'm not an actor. cheryl: promote a screening of the new film when he made remarks to a crowd of fans and press. the comments, though, one example of several hints of violence against the president that he's made in the last few weeks. kathy griffin, remember, faced major backlash for photo shoot after the severed head of the president and julius cesar in central park depicted trump being stabbed to death on stage. lea: tropical depression cindy dropping rain as it heads inland. let's move with fox senior meteorologist janice dean. hey, janice. janice: now just low bringing a lot of heavy rain across the golf coast still, mississippi, tennessee, river valley, ohio river valley. this is meeting up with a
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frontal system so providing a lot of moisture here and the potential for flooding in those areas that i mentioned. six to eight inches. now, big wash-out but certainly seeing some of that moisture working its way in. eastern half of the country sort of unstable here. it's going to remain warm across the southwest. heat advisory in california and warm in oregon and the stormy weather because of the storm system will continue inundate, ohio, river valley, will not be a washout but potential for showers today and tomorrow. happy weekend. cheryl: i was looking at 113 in phoenix and thinking, that's nothing, no worries. [laughter]
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cheryl: coming up, republicans unveiling a senate health care plan but four prominent gop senators, they are holding back, their support. the president is optimistic. >> four good guys and four friends of mine and i think they will probably get there. cheryl: we will take a look at what is next in repealing and replacing obamacare and in hollywood, can run howard rescue hon solo, we will tell you about a star wars directors. looking at u.s. stock market futures, the dow, s&p and nasdaq pointing to a slightly higher open, looking like dow to close in the green. oil still kind of in that range. 42.96. all right, you're watching fbn:am. we will be right back you totaled your brand new car.
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cheryl: breaking news this morning, four prominent republican senators come out against the gop senate health plan but president trump is optimistic that they are going to support it. we are going to tell you what's coming up next. lea: democrats in disarray as more calls for house minority leader nancy pelosi to step aside. top democrats meeting last night behind closed doors. cheryl: the major averages did lose overall ground yesterday. those stocks, a lot of them hitting 52-highs, futures hitting to slightly higher opening this friday. leave lowe oil edging slightly
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higher so far today. looking up by -- cheryl: the company putting a price tag for ads that are going to be appearing on nfl stream, people are going to watch and the advertisers pay it? lea: will they? facebook wants to save the world. ceo mark zuckerberg say it is social media site is changing mission to help us all get along. cheryl: and in sports, a big night in basketball, so-called one and done freshman rule, the nba draft, we will tell you who got the top picks. lea: looking forward to that. 531:00 a.m., good morning, i'm lea gabrielle in for lauren simonetti. cheryl: good morning, i'm cheryl casone, we would like to welcome you to fbn:am. all the latest breaking news, folks, there's a lot of it to get to this morning. let's talk about health care. at least four republican
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senators come out against the senate gop health care plan. there they are. all saying they would not vote for the bill in current form. >> we are open to negotiation but we want the bill to look more like a repeal. we are afraid that when we read the bill that it actually looks like reiteration. >> i have made clear i want to get to yes and the way to get to yes is fix the underlying problems, lower premiums and i will happily be part of it. cheryl: president trump is expressing optimism. he did an interview on "fox & friends". listen to what he had to say. >> there are four good guys and four friends of mine, i think they will probably get there. we have to see. health care is a difficult situation. if you look, the clintons tried to get it and after years and years they couldn't do it. obamacare what was never for them to get.
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now it's failed. virtually out of business, obamacare is a disaster and we are trying to do something in a very shift. cheryl: all right you can see more on fox news channel. senate minority leader chuck schumer strongly criticizing the republican measure. >> the president said the senate bill needed heart, the way this bill cuts health care is heartless. the president said the house bill was mean, the senate bill maybe meaner. lea: former president trump saying in a facebook post, quote, the senate bill today is not a health care. the congressional budget says it should estimate of the price and impact by early next week. u.s. health care stocks posted sharp gains after gop bill announced.
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cheryl: something to watch today. you have a group of democrats meeting behind closed doors on capitol hill to discuss their party's future after a string of personal election losses that included tuesday's defeat in georgia. now, for her part pelosi defending her leadership and her job during a press conference. listen. >> i feel very confident. my timing is not about them, my timing is about the issues that we are here to fight and we are fighting right now. we are paving away for a new again ration of leadership and i respect any opinion that my members have, but my decision about how long i stay is not up to them. cheryl: 77-year-old pelosi has been leading the house democrats since 2003, on the defense. lea: she's a fighter and we will see how this goes. overseas, north korea testing a
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new rocket engine. engine could potentially be used as intercontinental ballistic missile capable of reaching the u.s. mainland after day after washington asked beijing to put more economic and diplomatic pressure on north korea to help rein in. cheryl: well, amazon charging advertisers a hefty price tag for privilege to run ads on new nfl streaming service. leave lowe we have been watching this and tracee carrasco joins was the details, good morning, tracee. tracee: now insiders say amazon is looking to charge advertisers $2.8 million for package that is include 30-second spots during those games. for each game amazon can sell an estimated ten 30-second spots.
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but those networks will broadcast five games each this season. now under the terms amazon is offering buyers may also run ads on amazon.com throughout the football season. the live stream games will only be available to subscribers of amazon 99 per year prime service and is seen as the first high-profile push into live sports by an online retailer and cloud computing companies. streaming nfl games is latest move by amazon to get customers to website. it hopes they will subscribe to prime and spend more online. amazon takes over from twitter, the big question, how many people will actually watch these live stream games on amazon. amazon doesn't publicize its number of prime subscribers but analysts estimate that it could be around 50 million people. lea: interesting. amazon's future has been looking promising. what does this do for amazon? >> they are pushing toward new
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markets, they are trying to be competitive with netflix. the biggest live streaming service who they have entered into a sports what arena. cheryl: they are going to be streaming the cowboys on amazon. i guess i am. qatar airways has a controversial plan to buy a 10% stake in american airlines and that plan is running into some turbulence with american ceo doug parker, he's not happy about qatar's proposed investment adding that the unsolicited bid is puzzling and strange. qatar airways will seek to acquire nearly 5% in american and then add to it after getting approval from the company's board regulators. some u.s. and european carriers have accused qatar airways and other gulf airlines from benefiting of government ownership. qatar is denying those claims. lea: in asia, here is a look,
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nikkei higher by one tenth of 1%. the kospi also higher by 1 third of 1%. cheryl: european stocks and lea you were saying the one-year anniversary of brexit, whether he see if that goes through. the dax right now, all of those indices in the red, just by a fraction on each number. lea: taking a look at u.s. stock market futures ahead of the opening bell. dow futures higher by 5, nasdaq higher by 10. watching oil. cheryl: we shall see what the rest of the trading session on this friday has in store for you. right now oil 42.91, up 17 cents and gold up more than a little than half percent right. lea: financial stocks rose yesterday. cheryl: chris, good morning. >> good morning, again, lea, cheryl. cheryl: good to see you again.
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the banks are really fazing a tougher test next week when the fed has to accept or reject capital plan. it seems like at least the bigger names are well funded, are you concerned at all right now? >> well, it was all fine and well that everybody passed but just as you implicated, it's a rolling target and i think that those that are on the weaker side of it, are going to be force today -- forced to raise a little more capitol. the best thing of all would be to have regulations of dodd-frank to be sort of eliminating because there's no bigger stimulus than having less regulation. that's the hope. i'm not sure whether they will get it. lea: let's talk about oil, oil prices have been rising for the first time in more than four days but still low since the start of the year. what's your outlook for oil and do you see a slide for opportunity for investors? >> well, there's an opportunity,
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it's down the line. i think we will see a little bit of a comeback in oil prices as we get into the end of the year and the saudis want to see the deal and if they could get 50 they would be happy. cheryl: you're talking about the ipo, obviously. >> yes, we are the world-swing producer and the frackers in west texas break even is below 30, look for us to continue to push back. i'm bearish on the energy names, yes. lea: what do you expect about the oil glut, we have opec cutting u.s. producers just continuing to produce, where do you see this going? >> well, i think you'll see that opec continues to cheat, what i think eventually happen is the world demand for oil is still growing so, you know, maybe an 18 months you'll start to see a progression upward. cheryl: i was looking at some of the sectors that were doing well
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yesterday, you had real estate, that sector doing well, of course, health care, are there any sectors that we are not looking at this morning that you think we should pay attention to? >> well, i still think that technology has a way to go. that's where this real growth. it's so hard to find real growth, consumer names, certainly old-franchise companies are really struggling. technology should be at the front of the table. leave lowe thank you, chris, i guess we will see. happy friday. cheryl: coming up, democrats are in disarray housing for house minority leader nancy pelosi to go and she tell it is party, she's worth the trouble. >> i'm a master legislator, i'm a strategic politically astute leader. cheryl: all right. we ask you this question facebook and this old coca-cola commercial have in common?
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cheryl: it is 5:45 a.m. in new york. let's get you caught up on what's happening now. tesla close to building an auto plant in china. tesla wants a piece of the chinese market and building a factory there is necessary because china charges heavy tariffs for imported cars. well, a robo caller is facing huge backlash, record 120 million-dollar fine against a miami man accused of making almost 100 million robo calls last year. the fcc says that adrienne try today trick consumers into thinking the calls were coming from local numbers, that's a tactic known as neighbor spoofing.
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yes, i've actually had it happen to me. facebook is changing its mission, ceo mark zuckerberg say it is social media site is going to produce hobby clubs, civil society os and -- organizations. and check the u.s. stock market futures ahead of opening bell, as you can see all major indices pointing to slightly higher opening on this friday. that's what's happening now, lea. lea: thank you, cheryl. nancy pelosi goes on defense saying her leadership is need today win elections. so our top democratic colleague secretly plotting to get her out, does she stay or does she go. joining us former republican strategists amy. >> thank you. lea: is nancy pelosi going to stay in the leadership position for the party or is she going to go? >> if she is going to go doesn't look like she will go easily.
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she should take note that in november it was record all-time high that 63 member that is voted her out of minority leadership. this is not going to be easy for her. cheryl: do you think she's a liability for the democratic party? >> i do. he's a bit of a hypocrite. when she made the comment about the health care bill, you need to pass it before you can read it. what a hypocrite. lea: the people who organize this meeting among democrats, you had representative molton, catherine rice. people who try today topple her before, who would be in line? >> right, you know, that's a really good question. it seems to me that they really don't know who their leader is and they're all kind of in disarray. you know, i will say coming from the state of nevada when we did have former senator harry reid,
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you may like him, you may dislike him but the one thing he did well he kept everyone in order. cheryl: dems have had several setbacks including all of the elections that they have lost now, five, georgia, south carolina, the list keeps going. do you think they really need to figure out how they're going to change their message and is that message going to be different than being obstructionist of the republican agenda if they're going to get house seats back in particular? >> yes, they do need to focus on that because it's become a problem. now they are not exactly sure why they are angry or what to be angry at. they are now becoming a party of tactics and they are not even sure if they will be on the same page or not and are you too progressive or not progress enough. do we not like the bill because it's coming from republicans or because we can sit down andrade the bill and go to the table. they are not sure where to go. lea: this has been frustrating for everyone there.
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thank you, amy. great insight. >> thank you. cheryl: coming up we have sports news for you. a big night in basketball as the so-called one and done freshmen ruled the nba draft, we will tell you who got top pick and then in entertainment news, can ron howard save hon solo. >> hey, luke. may the force be with you. cheryl: oh, and with you, harrison ford. we will tell you about the hollywood director shake-up that's going on. check u.s. stock market futures, right now s&p, nasdaq all point to slightly higher open on this friday. we will be right back. ♪
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>> han solo. >> you're looking to a passage. >> yes, indeed. if it's a fast ship. >> a fast ship? you never heard of the millennium falcon? lea: veteran director ron howard is stepping in to direct new star wars movie . howard is a fabulous director. directed hit movies like apolo 13 and beautiful mind.
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we will see if he can bring next success to star wars franchise. so many people are excited about this. 2018, cheryl. cheryl: too bad harrison ford is not going to be in there it. time now for sports. we've got a lot to tell you about this morning. the freshmen ruled the nba draft last night, a record 16 were taken in the first round. >> with the first pick in the 2017 nba draft the philadelphia 76ers select merkel from the university of washington. cheryl: 76ers didn't surprise anyone. traded third pick and future third round pick to move up. it is the second straight number one pick for the 76ers. lakers have the number two pick and as expected, they selected ucla point guard alonzo and he
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made no secret of his dream to play for his hometown team. there was a blockbuster trade to tell you about, the chicago bulls sent all-star jimmy butler to minnesota timberwolves and returned chris dunne. a 7-foot sharp shooter. second inning. monster blastment straightaway center for best 25th of the season. watch the reaction of these fans. they are all basically freaking out and excited. huge fans. all right. yankees lead 5-1 but the angels come back and in the 7 tied to five. albert pujols smacks one the other way. angels take the lead. the chicago cubs have lost
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cheryl: finally, check this out, a video game developer putting himself right in the middle of mario brothers thanks to augmented reality. posted a clip on youtube shows him playing the game, he's dressed up, yeah, as mario and, yes, there is new york central park. lea: he shot the whole thing through microsoft hallow lens set, green pipes sticking out of the ground, now, that's cool. he does not plan to make the game public due to copyright concerns. if i can have the game in central park in the 80's, it would probably be miscellaneous pacman.
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cheryl: the dog just cruises by. lea: thanks for joining us this morning. good to be with you. cheryl: it is friday, maria bartiromo, i'm just going to leave it with you and friday. maria: it is, tgif. i'm maria bartiromo and it is friday june 23rd, here top stories 6:00 a.m. on the east coast. battle to overhaul obamacare. senator mitch mcconnell unveiling plan with four republicans opposing the bill it does not have enough votes to pass just yet. senator rand paul saying he could not support legislation in its current form. >> the intention is not to take down the bill. the intention is to make the bill better, make the bill look more like a repeal bill and less like reiteration of obamacare. maria: former president obama jumping in the political fray, his response to the senate bill coming up. hollywood is targeting the president again. first kathy griffin and now
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