tv FBN AM FOX Business July 18, 2017 5:00am-6:00am EDT
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candor in telling it like it is answer your willingness to call pure nonsense no matter who your guest is. haven't read your book, but will do so soon. cheyrl: breaking news this morning. the state in the senate. two more gop lawmakers will not vote for mnemonic replacement bill. senate majority leader mitch mcconnell want to repeal obamacare and replace it at a later date. train for u.s. stock market futures fell in the failure of the health care bill. not just the outside. dow futures have been 14, nasdaq futures higher by five. turning to the dollar falling to a little bit of a bump in the ftse 100 by eight points. lea: the nikkei down six tenths of 1%.
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cheyrl: president trump threatening venezuela with strong economic sanctions as a socialist government is nicholas maduro more power. lea: netflix is the stock to watch it a few soaring over 10%. we will look at what drove those numbers. ♪ train two good morning to you. i'm transfixed and four lauren simonetti. it is a special day today because it is their very own cheryl casone's birthday. happy birthday, cheryl. train to thank you. i busy day to tell you about today. no lack of breaking news on my birthday. so great to spend with you today. good morning to our viewers.
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we do have said breaking news to share with you. senate majority leader mitch mcconnell digging for more gop. not trying to pass a clean repeal bill instead. in the statement, regretfully it is now apparent that the effort to repeal and immediately replaced the failure of obamacare will not be successful. republican senators will not support the gop bill enjoyed rand paul and senator collins in opposing legislation. lea: president trump treated republicans should just repeal feeling obamacare now and work on a new health care plan that will start from a clean slate. dems will join in. senate minority leader chuck schumer said the second failure of trump cared is proof positive the core of the bill is unworkable #protect our care. after chris murphy criticized
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president pence by saying i will say it. there's real evil in the academic rate of lying going on right now. this is not normal. the vice president firing back, you mean my comment if you like your doctor you can keep your dock or? idiocy pinocchio him og. cheryl: he's better on twitter. i'm feeling a roadmap for renegotiating the north american free trade agreement. they promised from the president. the white house says it is top priority for the top and shrinking u.s. trade deficit with mexico and canada. the u.s. had a $64 billion deficit with mexico in nearly $11 billion gap with canada last year. mexican officials welcoming the blueprint because the trump administration is not pushing to impose tariffs at this point,
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which is that at some point in mid-august. lea: president trump launching a made in america campaign, reinforcing products made in the u.s. critics attacked the president of her businesses. cheryl: blake burman at the white house. >> the white house focusing its efforts on what it is called made in america week. to kick things off from the president toured products from american-made companies as part of the administration effort to push for american manufacturing jobs. >> in the old days they had made in the u.s.a., made in america, but made in the u.s.a. we'll put that brand on our product because it means it's the best. reporter: the president and his family should look and work when it comes to making products in america. the dnc saying it weakens the epitome of president trump's hypocrisy. we need to make more products in america, but he answers his own
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product and ivanka trump makes her product exclusively in foreign grease. sean spicer would not comment on the president's businesses but the off camera press briefing says the president understands the many challenges. >> in some cases certain supply chains are scalability may not be available in this country. i'm not going to comment on specific products. the overall arching goal is to grow manufacturing, integral u.s. workers here. reporter: the focus on made in america alliance with other economic measures he's taken prior to make the buy american, higher american executive order president trump signed in april. back to you in new york. lea: president trump threatening strong and swift economic actions against venezuela has nicholas maduro goes along with plan that the constitution. they will not sin by his
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venezuela crumbles. more than 7 million people rejected the plan on sunday in a symbolic referendum. >> i am here because my conscience as a citizen demands they be here. this is strong evidence that people are unhappy. at the international level, regardless of whether it has electoral powers, this is the citizens power. this is the change people are waiting for and we are all here for that. lea: more than 90 people have been killed in violent clashes between protesters and police his venezuela struggled with widespread shortages and inflation. cheryl: staying overseas here, south korea taking steps to ease tensions with north korea. seoul is formally proposing talks to improve ties with the north on friday at the border. they want to resume reunions of families separated during the korean war.
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south korea's new president wants to improve ties with pyongyang even after the north launched its first intercontinental ballistic missile earlier this month. north korea has not responded to the proposal, but south korean president promised president trump you would make it happen. train through the white house says iran is technically complying with the nuclear treaty. u.s. officials added that iran is unquestionably in default of the spirit of the agreement. "the wall street journal" reports some people were against the certification. the white house expected to announce additional sanctions related to iran's ballistic missile program as it continues to review the nuclear deal. train to separately the state department is calling on iran to release sentenced to 10 years on charges. there are several other americans, also in iranian custody. another point of contention in how we deal with iran.
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some u.s. allies in the middle east and africa reportedly fighting chinese military drones. the wall street journal allies include iraq, jordan, saudi arabia. they then refuse to sell powerful drugs to foreign countries. china has been filling the void offering military drones at lower cost. china's world's third-biggest seller behind the united states and in russia. trigger the department of homeland security increasing seasonal workers. tracee carrascas joins us for a night and other headlines making news this morning. good morning. tracee: good morning, ladies get the dhs said it would make more available for seasonal workers increase the number of foreigners able to work in the u.s. this summer they nearly 50%. the number of visas available for temporary nonagricultural jobs as cap at 66,000 is divided
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between the summer and winter seasons. this year the allotment was exhausted in march said the increases in response to complaints from businesses and members of congress about a significant shortfall that led to restaurants and other businesses scrambling. applications will be accepted tomorrow. cheryl: although some are workers. this will be a delay. we are halfway in. big story broke "after the bell." netflix stock soaring. but a quarter. >> big, big news for netflix. the market responded after earnings per up by 10% in aftermarket trading. subscriber growth as demand and five-point 2 million subscribers bringing the total to 104 million subscribers worldwide and thanks in part to its original programming for the
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international expansion to $2.7 billion shares this year at 30% and 10% in after-hours trading. netflix said it expects to keep up strong momentum in the third quarter. lea: vice president tends to repeat in a pinocchio him og so essentially we know -- [inaudible] >> apple offered a sneak peek at the new abilities that will be released in the fall on its devices. the nuclear yours include a woman wearing a hat or come to a bearded man along with animals and mythical creatures like a t. rex come in cipro, zombie will be available with the ios 11 for your iphone, ipad, macs computer and apple watch. today we give cheryl the birthday cake of og.
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now we can communicate with pictures. cheryl: that sums up the birthday surprise today. thumbs up on my migs. thank you very much. somebody kick off the day. we are kicking with a lot going on. coming up, the republican health care bill is collapsing in the senate. we will take a look at what is next in their battle to repeal obamacare. lea: and national security adviser susan rice will be in the hospital later this week. we'll talk about that in the back and forth she had with leaders. you are watching "fbn:am." ♪ ♪
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he gets invited to a lot of parties. he knows he's a pretty big deal. i mean, look at this little face. how could you not love him? cheryl: welcome back to pitch your product or much happening now. susan rice will in fact appeared before the senate intelligence committee as part of the russian investigation here she was supposed to. today, but fox news has confirmed behind closed doors. the specific day remains a mystery. she will face some tough questions regarding allegations en masse by president trump associates in russia's meddling probes and there are multiple probes we should add.
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a biker in ottawa, canada lucky he can still walk today. viral video shows the biker blowing an intersection and being hit by a car. the biker tossed into the air. amazingly he bounced right up, suffered a sore hip. the police officer witnessed the accident. the biker could face charges on all of this. two more big banks are reporting earnings today. goldman sachs expected to show the revenue and profit for the quarter. the slump in investment banking mayor. bank of america project is to pose an increased. the lender has more than his peers from higher interest rates and that is what is happening now. lea: thank you, cheryl. the big question is what are we going to do about health care. after senators mike lee said they would not support the bill. but his next in the battle to repeal obamacare.
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deputy assistant to george w. bush brad blakeman. good morning. >> good morning. lea: to just repeal obamacare and fix it later. mitch mcconnell says he'll play in a repeal vote. what do you think? is this the way to go? >> this is not the way to go. the people in 2016 were given promises by republicans. not only president trump, but everyone that would repeal and replace obama and replace the monitor. then seven years to think about it in the seven years to come up with a plan. the american people gave them all the power they said. if the house, senate and white house and they still can't get it done. assuming they do, repeal it. there's been a transition period of two years. in 2018 you have the midterm elections which we know are not historically favorable to the party in power. we are in serious trouble if we don't get this done. train to visit the divergence between republicans who don't want to teach listeners to lose insurance and medicare seats and
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republicans to make good on campaign promises to repeal. at this point the president seems confident most republicans will be on board with repeal now and replace later. do they even have the vote? >> they probably have the votes to repeal. the question is what comes next. the transition period of two years would have to have that anyway assuming we were able to replace it because they have to transition to a new form of health care, other markets to adjust. to go back and say obamacare is done, what about me? i'm on the obamacare plan. what will happen to my grave in that transition. they don't know what comes next. lea: let's talk about the strategy of a two-year delay for a substitute. if the idea to get republicans to the midterms or will hurt them in the midterms? >> i think this'll be a a killer in the midterms. but do they have to show for the
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major promise they made? they got rid of obamacare but don't know what comes next. what do we have a record to run on when we have pretty much squashed the major promise we made? infrastructure and taxes could come by the end of the year, but as we all know, that was tied to health care to see what was able to be done but taxes based on new health care plans. we don't have that. lea: senate minority leader chuck schumer said republicans should start from scratch and work with democrats. you think democrats would work repeal now and replace later? work with democrats to fix obamacare, not repeal it. >> that the one thing they don't want. once it's gone, what comes next? what comes next if we have to rely and democrats could be even worse than what we have now come especially if they get back in power. if i mitch mcconnell, and working the phones. if i'm the president and colin
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senators up and getting them down to the white house. it is not over until it's over. when we get senator mccain back, now we have some breathing room to get repeal and replace done. lea: we see this effect the markets at this point. thank you for your insight. cheryl: coming up, hope you like humidity. you don't like humidity. bad for your hair. we are friends. it's going to be hot and muggy across much of the country. senior meteorologist janice dean will tell us how long that will last. lea: by day china banned winnie the pooh? what are they afraid of? it's winnie the pooh. as we go to the break, the dow is up slightly, s&p unchanged, nasdaq up three. you are watching "fbn:am." ♪ i've got friends in low places, where the whiskey drowns ♪ and the blues chased my blues
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which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. >> at the very fine looking pot of money you've got there. >> gui. >> that happens to be my personal favorite. lea: who doesn't love winnie the pooh? the answer is china. winnie the pooh has been blacklisted by dave centered on reference the children's book character on china's social media platform. this is apparently a result of comparisons made the trains the plum bearing chinese president xi jinping and attempting to use
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winnie the pooh with the message alerting them bear posting illegal content. there will be no comparisons in china. cheryl: they've got this big meeting coming up and they are known to start censoring ahead of the summit. but over winnie the pooh? really? we want to show your face in this video. folks in michigan talking about this killer late show in the sky yesterday. many of them got to catch a glimpse of a aurora borealis, also known as the northern light. this guy painted and strokes in young green near the north and south pole. a geomagnetic storm from the sun moved to south. the phenomenon named after aurora. the roman goddess. lea: standing. now look at tuesday forecast the senior meteorologist janice dean.
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reporter: good morning, ladies. amazing pictures, something i want to do on my bucket list. 61 in buffalo, feeling humid along the east coast. summertime after all. a six-hour shows you the radar. the frontal boundary draped across the east coast here for showers and thunderstorms along the gulf coast. the chance for showers, under storms, stronger storms as they get into the afternoon hours for parts of the upper midwest in the central u.s. where we can see the hail damage in wins. isolated tornadoes, not a tornado outbreak. i know you are talking about the heat. focused across the central u.s. warnings in the room here and watches and advisories in the yellow and orange. forecast the index close to 100 degrees or above 100 degrees in these areas. we are also watching tropical storm dawn. we are not expecting it to strengthen very much as it moves
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toward the bahamas but we do have tropical storm warnings for some of the areas around the lesser antilles. we watch tropical storm dawn. cheryl: before you go, is it true the storm season starts earlier this year? >> we had a number storm so far. the peak season begins august september, october. yes, we've had a number of storms already, but that doesn't mean it will be give her a particularly brutal year. one storm, one hurricane to make it a bad season. >> coming up, the republican health care bill going down in flames in the senate. what is next in the battle to root real obamacare by republicans. netflix has stock soaring. they blew away expectations for subscriber growth being shot up 10% in the aftermarket. we will look at top.
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cheryl: breaking news this morning. the republican health care bill caution in the senate after lawmakers say they won't vote for her. the president and senate majority leader mike, want to repeal obamacare and replace it later. lea: u.s. stock market futures fell. they look to the upside just before 5:00 a.m. the u.s. stock market futures higher by three. s&p flat enough that higher by two. cheryl: stocks affected in the aftermarket initially. european markets trending higher. >> stocks in asia following
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overnight in japan. the nikkei down six tenths of 1%. cheryl: president trump threatening venezuela was on economic sanctions by the socialist government rewrite the constitution to give president nicolas maduro more power. >> soaring over 10% for subscriber growth. we will look at what drove those numbers. lea: 5:31 a.m. in new york. cheryl casone's birthday. i yam transfixing for cheryl casone -- lauren simonetti. cheryl: thank you. two words for those netflix. lea: breaking news this morning, majority leader mitch mcconnell to push the chamber
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to pass a clean repeal bill. this tape end quote regretfully is now apparent that the effort to repeal is immediately replaced failure of obamacare will not be successful. this comes after two republican senators will not support the gop legislation. jerry moran and utah senator mike reid joined senator rand paul and susan collins and opposing the health care bill for different reasons obviously. cheryl: they all have their reasons for certain that going against mcconnell. president trump has treated presidents should repeal obamacare and work on a health care plan that will start from a clean slate. dems will join in. senate minority leader chuck schumer said of course on twitter the second failure as hashtag trump characters are positive that the core of the bill is unworkable #protect our care. senator chris murphy criticized the vice president saying i am going to say it.
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there is real evil an epidemic rate of wine going on right now. this is not normal. for the vice president fired academic and on twitter. you mean like if you like her doctor, you can keep your doctor? he put a pinocchio amo g. the lawmaker going after the vice president. lea: the trump administration unveiling its roadmap for renegotiating to free trade agreement in a document to congress that the white house top priority is shrinking the u.s. trade deficit with mexico and canada. the u.s. and the $64 billion with mexico at $11 billion gap with canada last year. mexican officials welcomed the blueprint because the trump administration is not pushing to impose tariffs. massive tax expect it around august. lea: promise from president trump campaigning. the president did launch a made in america campaign that does reinforce the importance of products here in the united
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states. addicts attacking him over some of his businesses. lea: blake burman at the white house at the details. >> and effort on what it is calling made in america week. to kick things off on monday, the president toured products from american-made companies as part of the effort to push for american manufacturing and jobs. >> remember the old days they had made in the u.s.a., made in america. we are going to start doing that again. we will put that burden on our product. >> the president and his family should look inward. for example, dnc saying made in america weakens the epitome of president trump hypocrisy. we need to make more to make more products in america, but he outsources his own product and ivanka trump makes our products was simply in foreign factories. white house press secretary sean spicer would not comment on the president businesses but at the
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press briefing says the president understands many challenges. >> in some cases certain supply chains for scalability may not be available in this country. i will not comment on specific products, but the overall arching goal is to grow investment in the united states didn't grow u.s. workers here. >> to focus on made in america also aligns with other economic measures also taken part of what to buy american, higher american executive order president trump signed in april. back to you in new york. cheryl: blake burman in washington. president trump was strong and swift economic actions against venezuela. president nicolas maduro goes ahead with the plans to rewrite the constitution saying the united states will not stand by as venezuela crumbles. the opposition says 7 million people rejected the plan as monday in a symbolic referendum.
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>> i am here because my conscience as a citizen demand that ip year. this is strong evidence people are unhappy. at the international level, regardless of whether it has elect her powers for who is ruling, this is the citizens power. this is the change people are waiting for and we are all here for that. trade three more than 90 people killed in violent clashes. the widespread shortages and inflation right now. train to shame what's happening in that country. back here at home, tax negotiators ended about the 15% pledge made by the president on the campaign trail. lea: tracee carrascas drains us now. good morning. lea: good morning, ladies. president trump 15% from its current 35%. official said on monday that
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will be closer to 20% because they realized the super low rate would balloon the federal deficit. republicans unlikely to have the budget deficit to grow in help for corporate tax at the low end of 20% to 25%. we have yet to see politicians in washington agree on important features and tax code overhaul. tracee: it will be a tough one. the blacktop in a saudi arabian airlines. whether you know about this? tracee: tsa treated on monday it lifted a ban on passengers on airlines friend large electronics like laptops on board u.s. bound flight. this was the last carrier under the restrictions put in place in march. u.s. officials announced requirements for all airlines rather than an expansion of the laptop in dropping restrictions from airlines. cheryl: so many business travelers closely following.
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>> subway sandwich company getting a new look. >> that's right. last year so break him of's largest restaurant chain changed its logo. not the restaurants are getting a makeover. subway has more than 40,000 locations globally really not a modern look for stories. kiosks in more comfortable seating areas. subway changing out with gluten-free bread and a revamp on an effort to cover from a disappointing 2016. cheryl: they are trying to get healthy with the gluten-free. lea: yes, yes. their motto is eat fresh. lea: data self-service kiosk these days as well. cheryl: can i take the calories out of the bread? [laughter] kinnick to say much about the bread. it just won't be subway.
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coming up from the earnings kicks into high gear. earlier from goldman sachs, bank of america and find out thomas fargo who will be the winner and the loser. the music icon kid rock unveils his republican platform to run for the senate in michigan. we will tell you more about it. you are watching "fbn:am." ♪ you can leave worry behind when liberty stands with you™. liberty mutual insurance. hit could be the next big thing i should totally get that domain name... get your great idea online too... get your domain today, and get... ...a free trial of gocentral from godaddy
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with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect
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that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.
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>> welcome back. kid rock getting serious about running for the u.s. senate. rocked up to twitter to outline his potential platform. he writes i believe if you work your off and pay taxes, you should easily understand and navigate the laws, tax cuts, health care and anything the the government put in place. the singer whose real name is robert ritchie is a fiscally conservative but socially liberal man. o.j. simpson could be a free man soon. the parole board will consider his case thursday and could release in october after eight years in prison. he was found guilty in 2008 at of armed robbery, kidnapping and 10 other charges after he and friends turn into a las vegas hotel room to steal sports memorabilia. united health without earnings today.
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the profit increase but the strong growth in medicare and the company's health services arm and that's what's happening now. train to their earnings will be interesting because they will be asked about obamacare. we shall see. we will be hearing from united health. big u.s. banks out this morning. john manley, wells fargo equity strategist. good morning. >> good morning. cheryl: let's start with the collapse of the health care bill that started late yesterday. in particular they are out of the exchanges, but this will reverberate i would assume with the different companies. >> m. in equity strategist thank god. i look at what it means for the health care industry. it seems to me this is a problem with an aging population, new technology coming out of in a representative democracy. those two things collide, it means we'll have to send more of gdp on health care.
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i'm getting older. everyone around me is getting older. it cost more to do it when you're older. cheryl: health care, all getting older. we can't change the fact we have to pay taxes. what does this mean for the trump agenda? health care reform, tax reform, and this seems to be a problem. >> would seem to be a problem except the market hasn't treated as such. i don't think it's very high confidence in washington amongst investors. how else to explain the volatile situation in such an incredibly non-volatile market. expect the worst, you'll never be disappointed. i don't think the market has been disappointed so far this year. cheryl: let's talk about banks. disappointment when it comes to trading volume. let's start with goldman sachs. an investment banking business kind of showing signs of weakness when we get that report. i do feel about goldman sachs and bank of america?
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>> i'll talk about the scenes. goldman sachs trading revenue is something we put a fairly low multiple on. we are seeing more down than up at this particular point in time. the story of the banks and financial institutions is ultimately they will normalize the yield curve. higher short-term rates now. that means better potential profitability. in this quarter, to see glimmers that's beginning to happen. take that as a little bit less stringent regulation and a very attractive sector. cheryl: that's good for banks and we'll get numbers later today. let's talk about earning results so far in general. despite everything happening in washington, some of it hasn't been so good. earnings have seen to be positive for the last three quarters or so. do you think in general that will be overall positive? >> for two years earnings went nowhere and now it's starting to see it makes us think we are
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earlier. is it really as strong as it was? slow growth for a while. either one of the scenarios gives you markets. cheryl: thank you here for your dues. leah, netflix, which i watch a lot of. that's going to be fabulous. lea: certainly is. coming up in sports, by an nba basketball team. now maybe your chance. it will cost you big bucks are among retired quarterback: kaepernick to get a haircut. the senate health care bill is laying on stocks in europe and asia. a live report from london. here's a look at u.s. stock market futures. dow futures higher by three, s&p down fractionally. nasdaq futures higher pay for it. you are watching "fbn:am." we will be right back. ♪
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cheryl: welcome back. dallas cowboys training camp opening next week. star running back in the? at belly making news. it is not for a good reason. lea: jerrod max with the details. >> is the kid elliot involved an incident at and uptown ball. the rest are charges have been made. eliot accused of punching a man in the face in the nose. the nfl is looking into the matter facing a suspension for a
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separate matter accused of domestic balance and 2016. training camp opens next week heard former 49ers quarterback : kaepernick. michael vick has some advice on how to get hired. >> first you've got to get him to cut his hair. listen, i'm not appear to try to be politically correct, but even if he puts corn resume. i don't think he should represent himself and outweigh. just go clean cut. >> mackovic also says it is nothing to do with being blackballed in response to our national anthem last year. one season removed from an appearance in super bowl 50. carolina panthers fired their general manager yesterday. that was clear by former panthers players who have the least.
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deandra williams treated i want to publicly say that panthers are off my list of teams i won't play for. due to the firing of the snake, and cinema to celebrate yesterday his former teammate panthers all-time regime treated his one-time boss. it's okay, i know how you feel. one of the prettiest houses on the nba block is up for sale. on the rockets for 24 years with the fifth highest percentage in the nba. buy low, sell high. purchase the rockets were $85 million in 1993. recently valued the team at $1.65 billion. paul pearce will retire a boston celtic. he signed a contract to in his career where he played his first 15 seasons. alonzo ball made the most valuable player of the nba summer league last night over 16
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points and nine assists. unfortunately, an injury kept him from playing in the final. 110-98 to in the summer league championships. the last night in houston content and a mariners astro kyl senior takes tony said deep for a go-ahead home run in the next batter says have a sip of orange juice. mariners 189397. before the game, the astros held a funeral on the field, mro service if you will. carlos beltran's club because beltran hasn't played in the outfield since may 16. only at designated hitter at age 40. i have fun with them. they have fun with me. that's what a team should be. cheryl: do people get that? did they get the whole rest in peace for the club show?
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>> is basically not playing the outfield anymore. all he does is going be at designated hitter. let's put the club down and dusted us. lea: this is a really sad story. his stock had been kidnapped. >> is dog was essentially kidnapped and is asking the public for help. she called on the night and said listen, i hear he spoke with these people. they wanted a ransom for the dog and they said they'd call me back in 10 minutes but he has not heard sense. the dog's name is lived. he's looking for his dog. >> that's a sad story. he just got the dog hakkinen was posting videos on the fourth of july. >> reporters will have a lot of questions besides just the ball. cheryl: we will be talking about the cowboys next. trust me. sports report on channel 115. we'll be right back.
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lea: welcome back. why is the collapse of the health care bill collapsed in asia and europe? cheryl: reba gold from "the wall street journal" joins us now. good morning. >> good morning. stocks in europe and asia cocteau weaker start this morning and a lot of that is the currency effect. the dollar when we started to get the health care worries last night fell to a 10 month low.
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dollars already under pressure after it started with inflation data on friday. an extended declines last night and this morning has put a lot of pressure on the very experts sensitive indexes, particularly in japan, stocks were lower. that is a very, very young scented index. pressure in europe in the eurozone in particular was around a 14 month high this morning. you sought initially in in the u.k. where the ftse 100 is extremely sensitive to the value of the pound, although that reversed later in the morning after you send softer than expected u.k. inflation data reverse the currency moved. lea: we see investors even though stocks have continued pushing ahead. where do you see this going? >> yeah, definitely. you see some of the shine taking off to trump trade if you will alongside the dollar can expect
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the assurance, tax cut, deregulation and will give a to growth and inflation. i'm not convinced that will necessarily have a huge impact on stock market because a lot of that momentum has come onto the market already in stocks have continued to power ahead and a lot of what is driving that his earnings. really interesting to see more second-quarter results later today and throughout the week to see if the earnings picture can outweigh any doubts people might have about rising rates are the kind of environment in washington. train to european markets higher today. obviously it's happening politically is to get a really big gains we've been seeing in global markets. we take that for a positive on a tuesday anyway. thank you for being with us this morning. good buffalo news. that was read. obviously with that delay coming now and everything with the u.s. senate, investors at some point
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have to come in and say okay, let's evaluate the health care names. >> we're definitely here and not in the commentary. thank you are joining us on cheryl's birthday and "fbn:am." cheryl: i get to spend the next of my birth day with maria bartiromo is back. maria: happy birthday, cheryl. thanks so much for joining us this morning. i maria bartiromo. happy tuesday. tuesday, july 18:36 a.m. on the east coast. health to reform off the table for right now. mitch mcconnell pulls the republican bill after tumor senators said they would not. now focusing on the street upon the care repeal, replacing within the next two years. president trump treated but now the question is how do you get there? continuing in venezuela, the white house threatening the country's as strong as with sanctions if the government goes forward with plans to rewrite the constitution. details of citizens revolt on
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