tv FBN AM FOX Business August 2, 2017 5:00am-6:00am EDT
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lou: how does this work with general kelly, steve bannon and the president. >> kelly i agree with is going to insnsnsnsns lauren: breaking news this morning. apple stock to records after beating expect patience and hinting at the new iphone made release in september. the stock up over 6% after the report. cheryl: today could be the day that apple game pushes the dow into the history books, possibly going above the 22,000 mark at the open for the first time ever. take a look the u.s. features picked up by 37 points. s&p nasdaq as well. lauren: tech stocks up as well. european markets however are lower. within london down 25 coming ta accenture minitab 11.
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trenches talks in japan up almost half a percent overnight. while the moose in the global market. lauren: democrats lay out conditions for working with republicans. senate majority leader mitch mcconnell says if they have to come the gop will go it alone on tax cuts. "fbn:am" starts right now. train to a five o. his title when he appeared in europe through wednesday, august 2nd. good morning, cheryl casone. lauren: thank you for joining us. lauren simonetti. i feel like it is going to happen and this is why. great day for apple to the tech giant with blowout third-quarter earnings come in sending the stock to an all-time high of 6% right now. tracee carrasco joining us with more on the story.
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>> good morning, ladies. typically apple slowest was a solid earnings report. that exceeded wall street's expectation. 41 million iphone's during the quarter up 2% a year earlier. i'll save 15% increase in the number of ipads sold after several quarters of decline. all of that helped apple hit $45 billion in sales for the quarter up 7%. the from 23,125,000,000,000. the majority of the money is overseas. that could all change at the "fbn:am" is patient passes tax reform. and for those three apple plants in the united states that the president alluded to last week, ceo tim cook said we will have something to say about that later in the year. let's get to the iphone eight.
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when will it be released? apple expects sales for the fourth quarter which ended in september to come in as high as $52 billion. apple is likely to launch its newest iphone model in september despite early rumors of a possible delay. apple stock top 6% in after-hours trading tuesday following earnings in its u.k. fed could push the dow past 22,000 today. cheryl: usually this is a weak quarter for apple. it was the mac and the ipaq numbers they really pushed it over the top, especially on the revenue side. i was a huge surprise for many analysts. tracee: a lot of people looking for the shipping sales. i was a huge one as well to schools, businesses. i was interesting. 1000 bucks, lauren? lauren: i want to spend $1400 on the new iphone.
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i have to. i have the iphone 16 have to upgrade because my iphone fixes hanging on by a thread. you're going to get everything. transfer that is that they were thinking with earnings. people were waiting, so they weren't sure what to expect with iphone sales. cheryl: they were pretty good. the iphone eight could be the next big quarter. let's bring in mark vittner, senior economist at wells fargo to talk about numbers from apple. the revenue guidance better than expected. almost one of those quarters where you say what was not to li didn't like. they were spectacular. they reaffirmed the idea that it is ramping up and they are selling more stocks. that seems to be happening
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throughout the economy. apple isn't the only company that had great earnings. it is nice that apple looks like the one that will propel the market. cheryl: the typepad were talking about with tracee. that's going to be a big surprise to a lot of analysts. were you surprised? >> i'm a little surprised by this ipad. you do see them popping up quite a bit. one of the things businesses are now using then in taking on the cash more common for smaller businesses. really quick from about 22,000.
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thanks to apple, obviously looking for the 22,000 mark. are you? and do you think the market is going to pow does? >> i put my bulls and bears on. it's confident we we would get there today. gridlock is not a bad thing for wall street. everybody saying we haven't gotten tax reform reform, regulatory reform, infrastructure. we haven't gotten a bunch of new regulation either and we are talking about lowering taxes, t. the momentum behind the policy is the right direction that's good for wall street. cheryl: at wells
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stuff. they are saying the credit is relatively easy to come by and they're optimistic about the future. cheryl: mark ratner. thanks, mark. >> good to be with you. lauren: no legislation thus no legislation thus far been no regulations either. thinking about what's going on, talks between republicans and democrats breaking up with no progress on the debt ceiling and senate gop leaders planning to go along on tax reform with a simple majority. adam shapiro in washington with those details. reporter: good morning, ladies. the white house was a focus on small business. meeting with small business owners on tuesday. heating up on raising the debt ceiling in tax reform. steve mnuchin met with mitch mcconnell and chuck schumer. no agreement on raising the debt ceiling which has to be done according to the treasury department by september 29th. here's what mcconnell said
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about what is about to happen. >> i don't think this is 1986 when you have a bipartisan effort. maybe there will be a few. several democratic senators did not sign the letter who may be open to progrowth tax reform. even though you get the reconciliation process, nothing to prevent any democrat from supporting it and chooses to. i don't want to give up on the prospect. reporter: and many had orrin hatch of the finance committee who said he doubts there will be any any democrat to join them. remember that they'll have to start in the house and we expect to see them holding hearings first thing in september. back to you. lauren: adam shapiro, thank you. cheryl: senate republicans plan on tax reform coming after democrat laid out their conditions if they are going to work with the gop. in a letter signed by 45 senate democrats, they argue against tax cuts for the top 1%.
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the democratic lawmakers also say they will not support tax cut that will endanger programs like medicare, medicaid and social security. they also urge republicans not to use the reconciliation process. >> i am most concerned about here the senate and the failure of us to work in a bipartisan way. obamacare became very political because democrats voted for it. last week we saw what happens when one party tries to do it alone. i'm hoping we don't repeat that mistake on tax reform. cheryl: not all democrats on board. three democrats did not sign the letter. joe manchin a west virginia, joe donnelly at indiana and heidi heitkamp are all up for reelection states that donald trump one. transfer the top administration to launch an investigation into china's trade practices and
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expected to focus on alleged violations of american intellectual property, treat secrets. accused of blocking access to promising industries by requiring foreign companies and handler technologies beyond to operate in china. the u.s. had a $347 billion trade deficit with china last year. all of this coming as washington becomes increasingly frustrated by beijing select a to confront north korea about its nuclear program. meanwhile, the u.s. conducting an intercontinental ballistic missile test of its own today in california. cheryl: well, discouraging news for people who have obamacare. the government says major health insurers are increasing premiums by 30% or more for next year. the favorite question is the uncertainty among insurance companies as they try to anticipate what the policies will be.
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lauren: centiliters reflecting on last weeks on last week's failed vote to repeal obamacare. but listen. >> or problem with health care was not the democrats. we didn't have 15 republicans. there are not the votes in the senate. >> that is the big fault line. on health care, leader mcconnell is the master. it's not his fault they couldn't get it done. they came up with a plan that was so far away from what the american people wanted. lauren: senator mcconnell said there is still an opportunity for republicans to try to hold another vote on repealing obamacare. cheryl: let's move over to another big tech name. amazon got the help wanted sign now. pulled in a jobs fair today with all the warehouses run the country. hiring tens of thousands of workers right there on the spot. 80% of jobs will be full-time.
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traditional companies, brick and mortars closing stores and blaming amazon for the shift to online. amazon saying jobs will hurt a lot of assets from a health insurance or retirement savings in stock in the company. jeff flock will check out the jobs fair at illinois this morning as people hoped to find an implied that we talk about jobs coming back to this country. here you go. amazon. lauren: 50,000 positions on the spot. trade doing is going to pay more than $50,000. lauren: coming up, democrats lay out conditions for working with republicans on tax reform. is it going to work? political commentator christine tait coming out. take a look under the hood of tesla. it reports earnings today. elon musk ceo explains his comments about manufacturing in producing the new model three. you are watching "fbn:am." ♪
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the senate has confirmed christopher array to be the next fbi. most democrats voted for right for james komeito inspired by the president back in may. tesco stocks today. elon musk reporting earnings "after the bell" today. expecting the company with the loss per share of $1.88. designed to be a mass-market cars south from the range about 50%. for% yesterday as more and just sat on the comment. growing pains. first the battle over health care. now it's the device for tax reform with republicans and democrats mocking asides. could the two parties work and can they -- christine tait,
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contributor to the hill and offerman -- author of government growing wild. good morning. >> good morning. lauren: this is another with republicans and democrats on opposite sides. requirements working with republicans on getting tax reform. take a look at what they want. no tax cut for the top 1%. republicans cannot use reconciliation. deficit financed tax cuts given the gaps on fiscal policy. do you think republicans and democrats can actually work together on tax reform or is this going to be health care part 2? >> let's look at what happened with health care. republicans had the house, senate and white house. the obamacare repeal obamacare repealing the place which is why people got voted in. more critical than ever that they get tax reform done, but
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they have one success to run on in 28 team. mitch mcconnell has made it clear to move forward with the process through the 51 build procedure, but given that the gop could not get health care done, and they have to work with democrats on tax reform. lauren: three senate democrats signed a letter that went to the president yesterday with demand for working together on tax reform. those who didn't panic, joe manchin, haiti had kim, joe donnelly in states that voted for donald trump. are they going to work with republicans? >> it is possible. of course it would be great to have tax reform negotiated, but it's really difficult to to find agreement in certain areas that the ways and means chairman has already pushed back on one demand from democrats for not lowering taxes on the top 1%. he reminded democrats or republicans want lower taxes at
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all levels. it's important to remember the rich blend of paying more anyway because they will lose a lot of deduction. it's going to be tricky. if you democrats are more likely to work with republicans. we will see what happens. they both have a few months to mull this over. the important thing is to matter how they get it done, republicans need to get it done. if they don't, it will hurt the party not just in 2018, the years to come. lauren: when you hear them talk tax reform come easier than talk about growing the economy. you don't hear about growing economy from the democratic side. >> way. unfortunately, democrats have been the party of obstruction. they've offered little in the way of pollution. they've made it clear that they don't want to work with republicans for the betterment of the american people. that is a shame. but if this doesn't get done it's going to be republicans that get hurt.
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lauren: thank you, good to see you. >> thank you. cheryl: coming up, if you're looking at a job that paid six figures that's out of this world. the only problem, you're going to have to deal with this. we will tell you about the job to protect the earth from alien. and the weather may be out of this world, too. temperatures are rocketing higher. janice dean at the fox forecast. u.s. stock market futures, ran track for 22,000 open today. 41 in the premarket. s&p, nasdaq as well. you are watching "fbn:am." ♪
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>> let me tell you something. there's only one way off on this planet, baby. tracee: if you're tired of your office job, recently posted a job opening for the role of planetary protection officer or someone who can protect the planet from aliens. if you read the fine print, the applicant would be playing microbes as well as making sure astronaut do not damage planets they travel to. they offer a figure salary
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between 124 in $187,000. the application is only open for another two weeks. train to the hazard pay would be pretty good as well. we've got some temperatures to tell you. i'm going to keep going but i won't. fox senior meteorologist janice dean on standby with the wednesday forecast. so many puns today than just going going to give up and toss it over to you. >> another career ahead of you, maybe. the heat is a big story across the west coast with actual daytime highs surpassing 100 degrees. high heat advisory for the west coast from central california towards washington state. dangerous heat not only today that as we head to the weekend, not going to get much relief as you can see. thursday and friday well over 100 degrees in a lot of areas with heat indices. that is a huge story as we look
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throughout the day. watching potential for showers, thunderstorms and severe storms across the u.s., looking at scattered showers along the gulf coast. hot across the central u.s. and the humidity feeling a little bit warmer than that. along the east coast not too bad here in new york city. otherwise, summertime is here. cheryl: it sounds like summertime again. i was starting to think it's over. reporter: no, not yet. i'll tell you when it's over. she's so out of this world. lauren: just keep going. i'm going to stick with my nine to five. coming up, china forcing u.s. companies to share technology secret in order to do business in china. the white house is weighing measures to crack down on that in sprint is close to a decision to merge. but with who? t-mobile or charter? sprint shares up on that news.
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today could be the day. it may very well be that they receive the dow down 22,000. 107 trading days after the dow.. hit 21,000. keep it here.th you are watching "fbn:am." ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver.
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trio to breaking news this morning for apple's stock soaring to record after beating earnings expectations "after the bell." the new iphone it could be released in the month of september. this talk of more than 6% in after-hours. they could be history making the dow jones industrial average possibly boosting about the 22,000 mark when the market opens. dow futures higher by 46 points. sbf two, nasdaq up 47. cheryl: applet is also sparking a global rally in technology stocks. overall, european markets in the red. ftse down 27 comment dax as
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well. lauren: stocks in japan up half a percent as well. i report on global marketer becoming a. cheryl: back at home, democrats are laying out conditions for working with republicans. majority leader mitch mcconnell said that they have to come in the gop will go it alone on tax cuts. "fbn:am" starts right now. ♪ lauren: 5:31 a.m. in new york. wednesday, august 2nd. hi, everybody. thanks for joining us. lauren simonetti. cheryl: i am cheryl casone. i'm ready for balloons, confetti and a little 22,000. lauren: i hope to have it ready. coming so fast. cheryl: stuart varney will be all over the open for us. right now we are up over apple. the tech company had a blowout third-quarter number.
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having the stock to an all-time high. lauren: yeah, 6%. tracee carrasco joining us with more on this. we could see down 22 k. because apple is a big part of the overall market today. tracee: absolutely. june quarter is the slowest. solid earning report which exceeded expectations. apple sold 41 million during the quarter of 2%. it also saw 15% increase in the number of ipad after several quarters of decline. $45 billion in sales for the quarter were up 7% from year earlier. profits improved by 17%. apple's cash pile grew to $26,125,000,000,000 up from 231.5 billion. the majority of the money is overseas, but that could change at the current administration pass this tax reform.
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for the three apple planes in the u.s., the president alluded last week tim cook said we will have some things that will say about that later in the year. let's get to the iphone eight. when will it be released? it expects sales for the fourth quarter which ended number to come in as high as $52 billion. an estimate suggests apple is likely to launch the newest iphone model in september despite earlier rumors of a possible delay. apple stocks up 6% in after-hours trading following the earnings and that could push the dow past 22,000 today's u.k. said. train to take a look at that. amazing. lauren: apple can't disappoint on the sun. such anticipation it is going to change our life. tracee: it really does. everyone waiting. people willing to pay more than $1000 for this phone. a lot of people are ready to upgrade their iphone six, which was their biggest sales so far.
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cheryl: i can't get over the op-ed in the back. mark vitner explained basically you look at small businesses. people are going to step two is a point-of-sale and sale and that is what is powering. i was fascinated and a great point. tracee: a lot of school districts also. buying them in bulk. cheryl: tracee current thank you. we have some breaking news right now. we are just getting this in the fox business. a suicide bomber has attacked a convoy of international troops in the southern afghan city of kandahar. a statement from the u.s. military said the attack could cause casualties. it's not immediately clear if u.s. troops were part of the convoy. we'll get more details. the airport in kandahar is home to a major airport for international troops. dreams remain welcome talks between republicans and democrats breaking up with no progress on raising the
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countries debt ceiling. meanwhile, senate gop leaders plan to go it alone with a simple majority if they can't work with democrats. adam shapiro joining us now in washington with the newest details. good morning, ladies. the white house is a focus on did the president meet with small business owners on tuesday. capitol hill heating up on raising the debt ceiling and tax reform. the mnuchin met with mitch mcconnell and chuck schumer. no agreement on raising the debt ceiling which has to be done according to the treasury department by september 29th. here is that mcconnell said about what is about to have been. >> i don't think this will be 1986 when you had a bipartisan effort to scrub the code. maybe there will be a few. several democratic senators did not sign the letter and who may be open to progrowth tax reform. nothing that prevents come even though you do the reconciliation process to choose these two.
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i don't want to give up on the prospect. reporter: orrin hatch says he doubts there will be any democrat to join them in passing the tax reform bill. the bill has to start in the house and starting hearings on that first thing in september. that to you. cheryl: in washington here come the senate republicans plan on tax reform after they work with the gop. 45 senate democrats argue against tax cuts for the top 1% of americans. democrat lawmakers saying they will not support tax cuts that would endanger programs like medicare, medicaid, social security. also urging republicans not to use the reconciliation process. >> what i'm most concerned about around here is the death of the senate and the failure of us to work in a bipartisan way.
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obamacare became very political because democrats voted for it. last week we saw what happens when one party tries to do it alone. i'm hoping we don't repeat the mistake on tax reform. you have the same nv. cheryl: this three democrats come the joe manchin of west virginia, joe donnelly of indiana and heidi heitkamp of north dakota, all of them up for reelection in states that donald trump one back in november. lauren: to trump administration planning to launch an investigation into china's trade practices. the investigation to focus on alleged violations of american intellectual property, business groups accusing beijing of blocking access to promising what could be successful industries by requiring these companies hand over technologies and trade secrets to beijing in exchange for being not to operate in china. the u.s. had a $347 billion trade deficit last year, all of this coming as washington
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becomes frustrated by china's roulette is to confront north korea over the nuclear program. meanwhile, the u.s.'s conduct of an intercontinental ballistic missile test of its own, another one today in california. cheryl: surfing for this country as does the problem in the health care industry. more discouraging news for people who still have obamacare. the government saying major health insurers seeking to increase premiums by 30% or more next year. great refresh show insurgency that are trained to anticipate what the trump administration policies are going to be. lauren: and then react into that. senate leaders reflect in last week to repeal obamacare. >> it is pretty obvious or problem with health care is helping democrats. there are not the votes in the senate.
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>> is the big fault line. on health care, leader mcconnell is a master tech edition. not their fault they couldn't get it done. they came up with a plan so far away from what the american people wanted and couldn't get them. lauren: there is an opportunity for republicans to hold another vote on repealing obamacare. >> a lot of work to do. big news when it comes to spring for the company will decide in the near future whether it will pursue a merger with either t-mobile, u.s. or charter communications. ceo marcelo became common after the wireless company posted its first quarterly profit in three years. sources say sprint tout the bank are considering making a formal offer to acquire charter which is the second-largest cable firm in the u.s. t-mobile not commenting on any of this. shares of sprint fell at 11% yesterday. stocks down 5% overall
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year-to-date. lauren: legal setback for uber and lift back to prevent thousands of drivers in seattle from joining a union. a federal judge dismissing a case brought by the u.s. chamber of commerce to block an ordinance to unionize. the chamber, which has uber and leftist members arguing it violated federal law governing collect to bargaining rules. bluebird and lyft claim that would damage their flexibility and wouldn't be in their best interest and that will appeal the ruling. cheryl: coming up, the countdown is on. the u.s. military preparing to launch record-setting missile test. a live report on that. meanwhile, new photos of new photos this new photos of the same sun eight note leaked online. we'll tell you about all the new features. you are watching "fbn:am."bertyu
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to the confidence and now i feel unstoppable. narrator: find free adult education classes near you at finishyourdiploma.org lauren: welcome back. let's get you caught up on what's happening now. all 12 of the prisoners seized peanut butter to escape from alabama jail on sunday had been captured. 20 for. 24-year-old brady kilpatrick was caught in florida yesterday. the only one to make it out of the alabama gop the inmates use peanut butter to trick a guard into opening a locked door.
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frontier airlines offering deals as low as $29 with some routes. here's a sample. cincinnati to atlanta, nashville to orlando. you have to act fast. you have to book right today, travel this month and be willing to pay extra. there you have it. some photos said to be the same some galaxy note eight. the big reveal ahead of the official release of the phone at the end of the month. you can see on the back of the phone. people didn't like that with the galaxy eight. the price tag expected to sell for more than $1000. that is the year about the upcoming news apple iphone as well. that is what's happening now. cheryl: the competition continues. while, tense situation with north korea getting worse at the u.s. military now conduct an intercontinental ballistic missile test after a spurt
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concern around the world. jackie ibanez has more on that. good morning. reporter: good morning, cheryl. the or days to be will travel more than 4000 miles, fired his longest missile yet crashing the research shows under an hour. power the rockets would likely break cost of a nuclear test flying bombers over the region peaceful pressure and the
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christian baskets is welcome to the boston free party. red sox 12, indians 10, boston takes first place. have came over the new york yankees who was spared good news bad news day for washington nationals starter appeared first time in his career he had a home run. helped his team built a six-run lead on the marlins, but the next time he was on the mound, maxtor is or was unable to do his job as a pitcher. he had some spasm in his neck. he left the game. marlins came back to win the game seven training six. nabil might say it is first career. john lister did as well. he hit the home run and then get the celebration for the crowd at wrigley with below that of a curtain call. not only did he go deep, he also recorded nine strikeouts including the 2000th of his career. especially for this couple appeared 20 years from now he's going to say to her, what was the score of the game the net
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regarding case? the best team in major league baseball's drainage to nine games last night. clay bellinger, the artful dodger at the 29th home run. if you like a commission to put a ring on it. beyoncé definitely has. beyoncé coming future nba team owner. loosing the 22-pound green winter. her husband jason used to on a small piece of the brooklyn nets. she is mulling an investment in the houston rockets that went up for sale last month. they are going to fetch a pretty penny. indianapolis colts fans come in the mayor may not be a list of the regular on time. still coming back from minor surgery americans with reports over whether or not they will start the season physically unable to perform list.
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on the sidelines for six weeks to open things up. would you give up a scholarship to play football at the university of central florida if it meant you would have to agree to not make money off the athletic related videos, popular videos to publish on youtube? kickoff specialist donna delahaye made this decision and now has lost his scholarship. >> no more college for all since i can't play college football, no more scholarship. i can't pay for school. life hit me fast. reporter: he's been ruled ineligible. he set up a go fund a go find me page asking for people to help them pay for school. what an interesting decision. he is allowed to put up it is better not athletic related. his specialty is athletic he is not allowed to make money off
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of. cheryl: it's frustrating as they been arguing about this for years whether college athletes should be paid. i'm in the camp personally i think they should. i don't think it's really fair they are not getting paid. here he is trying make cash on the side. training at the different world where he can do this on youtube and make money from the ads. on the flipside, when you crying about? you knew what the rules were. you make choices and now he says he can't get it. cheryl: garrett, great story. fox news headlines 24/7. sirius xm channel 115. lauren: apple's earning report having a ripple effect in jersey today. the dow march toward 22,000. we will be back. ♪ the whisperer? why do they call him the whisperer? he talks to planes.
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cheryl: shares of apple surging more than 6% in after-hours trading after the giant reported quarterly results from a low-impact expectations. teens and apple could add 50 points to the dow jones industrial average, which would push it about 22,000 for the first time in history. "the wall street journal" real gold joining us now. good to see you. >> good morning. are you talking about the dell
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22 came here today? >> everybody really loves round numbers though the dow 22,000 a lot of attention and headlines. just set to open right around that market and apples, blah muster result looks as though it's getting awfully close at the open. cheryl: 22,006 at milestone but it will not help european market. >> no appeared in next in europe are more focused on downbeat local things resulting in a bit of fallen commodities. you are seeing performance in the tech sector. if you look at the ancient index that have a lot of chipmakers and semiconductor businesses, the shares are really flying. mischer asian tech shares a 17 year high today is already pretty close. you are seeing the reaction in tech shares globally at the very
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least. lauren: now we see if apple said tax earnings. riva gold, thank you. cheryl: dataset for us. we are turning it over to maria bartiromo and warns that money right now. >> hey there, girls big thank you so much. happy wednesday to you. they maria bartiromo. when day, august 2nd to 6:00 a.m. on the east coast or dow 20,000 lunch. another record high this morning due to apple after the close last night. looks like we reached the magic number this morning. stocks set to open at an all-time high. the guidance comes in turn columns investor fears that stock is up 6% right now. checking out the global market action. the ft 180 x index down to just a fraction. mostly high this
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