tv FBN AM FOX Business August 10, 2017 5:00am-6:00am EDT
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republican party so rancidly corrupt that they won't stand up. no one should mistake that fact that that's the reason this president is having so much trouble. lauren: breaking news this morning. north korea sounds the alarm with plans to attack along, possibly within days. the governor of guam dismisses threats and remains calm. cheryl: investors watching global tensions closely with the u.s. market closing last night. today we are watching earnings from struggling retailers. macy's chemicals, nordstrom. stock market futures pointed to a lower open thursday. lauren: no sellout however. stocks opening to the downside. a possible $180 billion telecom and cable deal with the cable giant charter.
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a lab report on now from london. cheryl: stocks in asia edged lower. south korea kospi gunpoint 38%. all of these guys in the red today. turning to face the taking of the tv networks hoping to bring appointment viewing. "fbn:am" starts right now. ♪ train 25:01 a.m. here in new york. thursday, august 10th. the morning from. cheryl casone. lauren: lauren simonetti. thanks for joining us. cheryl: can't wait to talk about face but tv. i watch a lot on facebook. lauren: first come the breaking news overnight. north korea preparing for lunch.
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four missiles at wanted to state media will have a plan to launch the missile at the island with the home to the u.s. military base by mid-august. the governor of guam on tucker carlson tonight last night dismissed the statement saying there is concern and worry, but no panic. >> as far as my concern is an american citizen, i want a president that says if any nation such as north korea attacks qualm, attacks honolulu, attacks the west coast that they will be met with howling fury. >> secretary of state rex tillerson on his way to qualm explains the fire and fury remarks. >> the president was sending a strong message to north korea in language that kim jong someone would understand because it doesn't understand diplomatically. train to mourn president transformers with north korea from our own adam shapiro.
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reporter: the president ran down his rhetoric on north korea although he did treat on wednesday about the modernization at the u.s.a. nuclear arsenal. the state department monitoring the situation closely and said that other countries are expelling north korean diplomats. here she is in her own words. >> one of the ways they are putting pressure on north korea if they taking on diplomat in some instances. shrinking the size of business operations they business operations. sometimes picking them out altogether. i will basically remove some of the findings north korea get that they funnel into their illegal weapons programs. so by starting them -- starving them, if you will, that's what happens in north korea. >> the working vacation for his president, played golf on wednesday in the weather holds he could do the same today. back to you. cheryl: in just just a few minutes, two experts on the korea and foreign policy what may come next in this very tense
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standoff between the two countries. the search warrants raided one of the homes of president trump's former campaign manager, paul manafort. sources say the fbi was looking for financial information with tax documents. the "washington post" reported last month as part of the fbi's ongoing investigation into possible collusion in the trump campaign in russia. manafort says she's done nothing wrong. the majority leader says his expectations. i don't think so. this comes after senator mcconnell that people think congress is underperforming partly because the complexity of legislating may not have been fully understood.
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tax reform and other issues when henry from fox news reporting that the president did mitch mcconnell had a very tense phone call. lauren: facebook rolling out a new feature to compete with rival youtube. good morning, tracee carrasco. reporter: starting today, tv is coming to facebook. a new section called clustering regularly scheduled appointment viewing to facebook pick the ones that most people haven't heard a firm tommy mack in major soccer players relaying stories that will expand several big-budget reality dating shows that will debut.
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viewers will be able to connect with people during an episode with people who like the same shows afterwards to build a community. >> does this mean facebook live with the company they are saying good numbers. >> it's all going to depend on the content of the shows. >> from facebook to snap, back and neck start, the apo didn't go so well. >> exactly. that's what investors want to know. the parent company of the snapchat app that went public in march as the stock briefly rose has been in freefall. analysts expect to see an increase in the number of snapchat users up to 178 million, but investors wonder snapchat can grow its user base to combat copycat facebook. train to the stack is actually down, right? wow, wow.
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lauren: oprah winfrey doing the food thing again. she's got a new line of comfort foods coming out today. reporter: that's right. opera branching out into food printing under her own name. and i never refrigerated soups and side dishes that craft times that is going to be called that's good. the product will be healthy comfort food, sipping cauliflower mashed potatoes and will start hitting shelves this week. lauren: that's a really good name. cheryl: but it's healthy. >> i would try it. weight watchers has been a sort of success. >> she brought it back to life. she said she was sitting down eating cauliflower mashed potatoes, wishing they were mashed potatoes and had the idea of putting them together, hence the food line. cheryl: love that. we will see. we are going to get earnings from prepaid retail names.
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the latest quarterly results before the bell. after the close, both calls and macy's expected to have lower results from a year ago. promotions and macy's cosmetics department hurt the financial performance. nordstrom earnings decline revenue expected to rise 3%. beleaguered is the word i use with retail. >> discounts vary where i'm cosmetics. iso does isn't as simple as it might sound. they charge is a pretty hefty fee for drinks containing sugar. residents find ways to get around it. jeff flock brings us that story. >> good morning from the middle of the road. actually the middle of lake cook road in illinois. sugary drink tax is cook county.
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you pay an extra penny announced a few drinks have been that his sugared. if you don't want to pay that tax in barrington, illinois, walk across the street. they are, lake county, no sugary drink tax. what is a sugary drink tax? it's included in what is not. as you might guess, and a soda can at any diet soda or even ones that don't have sugar, but as sweetener in it than the sweetened tea comes to sweetened tea come to sweden coffees and drinks, all tax now. the free refills you are used to getting wherever you go, those are also free but not free when it comes to taxes. taxes on those refills as well. also, water if it's flavored if it's free of attacks. but these attacks kill 100% fruit and vegetable juices. anything of the race the next. milk and soy milk not taxed in
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plain water and not as well i'll tell you, the tax as we said a penny announced for a 12 pack of coke for example. that's 144 ounces. on top of that, the sales tax at one point to 5% in another soft drink tax. that is 3%. when you get done come a 12 pack of coke for 1699. this is a trend that is getting traction all across the country. eight different communities now have a soda tax in some form or will by the first of the year. lauren: win a batting california. cheryl: they wouldn't be so upset if the chicago wasn't so bad to spending and misappropriating.
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lauren: chicago's ground zero. cheryl: north korea says they will have a plan to attack law within days. the governor of guam is unfazed. >> the administration and for the people of guam, there is concern and worry, but there's no panic. cheryl: blew up two experts on north korea and foreign policy. what may come next in the standoff. lauren: cheryl: remember the white bronco that was part of the infamous police chase? up for sale. you are not going to believe the price tag for that car. you are watching "fbn:am" ♪ restlessness...
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sound. 1000 different advertisers on six months notice that the rats will be blocked. google providing tips about how to make the ad. the infamous white bronco is up for grabs. o.j. simpson's former agent and his friend drove the bronco with o.j. inside during the famous chase the l.a. police in 1994. the asking price will be $500,000. lauren: i think you'll get more than that. it really do. north korea having some tough talks. the rogue nation with missiles and direction within days. what happens now? policy adviser to president george w. bush paul botticelli. state university science professor and the author of four
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books on north korea. good to see you, gentlemen. >> good morning. lauren: bruce, you have experience with this. but at the next critical steps? >> they did that a couple years ago in the high altitude as we commonly know it. they have a defense they are. the problem with that is we are the north koreans to take the unlikely choice of shooting ballistic missiles that guam. probably has a 65 to 85 chance of shooting down this missile, especially if there's a volley. it's not a perfect system. they have the missile of lucid on for a couple years. they also fired him with saddam
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missile with an elongated range the day my daughter graduated from the university of iowa. there's no doubt north koreans have been missiles. on the other hand, we have the plastic ballistic missiles. this is something with a serious watch. lauren: a quick quick follow-up. do we know if north korea has the ability to accurately shoot fire these missiles to hit the target? isn't it much more difficult? >> the ballistic missiles are not designed to take out names such as individual barracks or even pieces of bases. they are really weapons of mass distraction in a terrorist sense. they are the kind of missiles they would target cities with like anchorage, for example, tested on july 4th. one has about 170,000 american
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citizens they are. they have three bases scattered across the island. all they would basically have to do if they had nuclear warhead would hit somewhere on the island and probably killed tens of thousands of people. lauren: north korea said they have 12 rocket that can pass over japan and landed in the sea 17 miles from guam and do that within days. that's pretty specific and not usually what the north koreans who appeared now with the rhetoric they are operating from fear instead? >> i think it shows their desperation. this is the regime but three administrations that have failed to do with the simple fact that aggressors, rogue states like north korea, iran, threat and intimidate countries the united states only if they're allowed to do it that a president,
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secretary of state with his remarks yesterday that are returning that kind of rhetoric and a clear way. the difference is very clear. the united states would never be destroyed by north korea. it would never do anything except get itself wiped off the face of the map. they realize that, claiming down is the problem. the chinese are not a stalwart of the united states is to pressure china to solve this problem along with us. lauren: so glad you brought up the statement yesterday. all the talk about the rhetoric, that essentially matters came out with a long statement is that if you engage in an arms race process, you will lose. do we have the arsenal that is needed and modern enough to be able to engage in a military confrontation if it gets to that point? >> certainly we do.
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you don't even need to use nuclear weapons to wipe them out. conventional forces could probably destroy the north korean armed forces, including most of their wmd in the early weeks or months of the war. it is important to note 130,000 americans in seoul, so anywhere we fought that the biggest concerns in the united states. spamming south korea's in the middle of this held hostage in a nation of 25 million people. thank you so much for your time this morning. >> thank you. cheryl: talking about it coming out to first hurricane of the season making landfall in mexico. janice dean is tracking the storm for us. and then there is space.
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♪ it is not just a cartoon anymore. self driving, flying taxis are set to debut brett bair. you are watching "fbn:am" ♪ today, we're out here 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.
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over the city skyline about 60 miles an hour. look at that. electric unmanned aerial vehicles is so hard to even say. until the year 2022. don't test them for five years. cheryl: i hope they would test them for five years. lauren: it doesn't have a driver. tree into the skies and more importantly the oceans are the first hurricane of the season has made landfall. tracking the storm stories. janice dean. reporter: this term is weakening as it moves across the land. our first hurricane of the atlantic season but with that, the potentials for heavy rain and honorable area. flash flooding concern, mudslides along with gusty winds. watching this region and moisture will make us back towards the gulf of mexico.
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they upgraded their forecasts saying we are going to have a very busy season starting now. the areas of concern right here. 50% chance of development. look how close they printed to the u.s. look at the atlantic basin. the headline here is hurricanes. part of the thing is the water is very warm and we are starting to see conducive atmosphere conditions for the development of the systems. the gulf of mexico, make their preparations now. >> banks, janice. a startling new lawsuit claiming that cbs charges more for generic job with insurance. cbs denying that claim.
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we will have the story. krispy kreme joining the sugar rush over the solar eclipse. just how they are going dark in a day. you are watching "fbn:am" ood ise if you get punished for using it? for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance.
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cheryl: breaking news this morning. north korea threatening us again with plans to attack on by mid-august that the governor of guam has the threat. he remains calm, cool and collected. hispanic investors watching the tense situation with earnings from struggling retailers including macy's, polls and nordstrom. after the dow slipped, futures are down again this morning. the dow was down a quarter of 1%.
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cheryl: year following the lead as well. this is a possible $180 billion telecom and cable deals involves the well named u.s. cable company. that report from london coming out. lauren: stocks in asia down as well. the cost be losing third of 1%. cheryl: are you paying too much for generic drugs at cbs? one lamenting she is woman thinks she is the filed a lawsuit against the biggest drugstore chain of the country. we are on the case. "fbn:am" starts right now. lauren: good morning. i'd 31:00 a.m. in new york. lauren simonetti. cheryl: good morning. i'm cheryl casone. if i'm paying too much at my starbucks, can i sue for that,
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too? cheryl: will talk about the story and a little bit. right now, the breaking news overnight. north korea preparing to launch four missiles at guam. the military would have a plan to launch the missiles to a use military base in august. they dismissed a statement saying there is concern and worry but not panic. >> i want a president that says that if any nation such as north korea at tax guam, honolulu, the west coast, that they will be met with howling fury. lauren: secretary of state rex tillerson on his way to guam explains the fire and fury comment. >> sending us strong message to north korea in language that kim jong un would understand because
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he doesn't understand diplomatically. lauren: warren president trump swearwords, escalating war of words from adam shapiro. >> although he did treat on wednesday about the modernization of the usa's nuclear arsenal. the state department monitoring the situation close in the state department spokes person said that other countries are expelling north korean diplomats. here she is in her own words. >> one of those things they are putting pressure on north korea is taking on diplomats and some in advance. shrinking the size of business operations can sometimes taking them out altogether bold bet they funnel into their illegal weapons programs. by starving them a few of that money coming that puts pressure on north korea and we are having a lot of success with god. reporter: on a lighter note, this is a working vacation for
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the president. he played golf on wednesday and could do the same today. cheryl: the search warrant -- sources say the fbi was looking for financial information about foreign aid accounts and tax documents. the washington post reported it happened in alexandria, virginia and is part of the fbi's ongoing investigation into possible collusion between the trump campaign in russia. paul manafort has said he's done nothing wrong. lauren: the battle over health care. president trump slimming senate majority leader mitch mcconnell treating this. senator mitch mcconnell said i had asked excessive expectations but i don't think so after seven years of hearing repeal and replace. why is that done? senator mcconnell said earlier in the week that people think congress is underperforming
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partly because artificial deadlines, unrelated to the reality of the complexity may not have been fully understood. the senate is expected to focus on tax reform and other issues including the debt ceiling when lawmakers return to washington after the recess next month. cheryl: we should also ask for a link to report about a phone call from president trump and mitch mcconnell yesterday morning. lauren: perhaps settle the differences, ere it all out. cheryl: they need to keep talking. let's had done to cuba. interesting news out of cuba. two cuban officials have been kicked out of the u.s. after a strand of bizarre incidents have been leading american incidents in cuba with extreme hearing loss. the system is linked to a covert sonic device placed near the american residences done in cuba. the state department remains tightlipped onxactha
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happened. takehis ation very@@ou priority. cheryl: it is unclear if this is a deliberate attack against u.s. officials in cuba. thfbi ofs y eystatg. a veryeird@t@ry.@ cvs being hit with@ p. cheryl: tracee carrasco has added a few more headlines. >> good morning ladies. a california woman is suing cbs for charging customers who usually pay for certain generic prescriptions. they are accused of participating in a fraudulent scheme and plan $168.65 per prescription in july that without insurance would've only cost $92. the lawsuit seeks class-action
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status. cvs denied the allegation. cheryl: you can sue for anything, but okay. nissan owners compensating for the airbags defected and caught several crashes. >> about for .4 million nissan vehicles with those potentially defect to airbags are eligible for financial aid and up to $500 in compensation under the terms of the new consumer settlement. the deal comes after similar agreements between toccata airbag owners, mazda and subaru. attorneys in the case that they are still working on settlements with honda and ford. lauren: krispy kreme catching and on the upcoming solar eclipse. reporter: i'm excited about this one. just when he thought krispy kreme couldn't top their latest creation from and they announced the chocolate glazed donut is the original glazed donut
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smothered in chocolate. it will only be available for a limited time and will debut the will debut the night of the total solar eclipse. does not look delicious? cheryl: i am salivating about the peanut butter doughnut. >> are they going to keep it in stores for a few days at least? >> i think they'll have a preview of it the two nights before the solar eclipse during their hot hours. that's when the donuts are fresh and hot later at night. august 21st. that's the day. cheryl: i love it. sounds like a great night. we've got a lot more coming up. stocks continue to trade under pressure amid the global tensions in north korea. some stocks have held up in the face of the nuclear threat that we will get some advice.
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it could be the largest pizza delivery ever. an arkansas highway covered. we are going to see what happened. you are watching "fbn:am" ♪ [brother] any last words? [boy] karma, danny... ...karma! [vo] progress is seizing the moment. your summer moment awaits you, now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event.
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lauren: welcome back. the issue caught up in what's happening now. a low-flying russian plane in bedminster new jersey were president trump is vacationing on trump national golf course. officials say it was approved under a long-standing global treaty. it is believed the plane left moscow yesterday morning and entering the united states up because of virginia. two groups challenging the plane in seattle, washington to tax the rich. the plan would impose a tax of two and a quarter of a percent. it would impact about 2% of seattle's taxpayers. that looks pretty good. a tractor-trailer carrying du jour no split open. it took hours for the cleanup crews to get the pieces off the road. it was down for over four hours in both directions.
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explain to your family disputes on the road. they felt after the 18-wheeler crashed into an overpass and that's what its left behind. i wonder if any of them could be salvaged. cheryl: for the first time ever i don't think that pizzas looked good. it's the first time i've ever said that in my life. we've been following our top story in the markets. the standoff between the trump administration and north korea. obviously, global risk is on the minds of many. let's bring in the partner price waterhouse coopers. good morning, mitch. >> good morning, cheryl. cheryl: global tensions starting to affect tension, the overall feel about for the markets could go. is this a major issue for u.s. investors? >> not yet. a little selloff yesterday. gold going up with rotation into treasuries. but it's not that blacks won
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yet. when you talk to investors, the thing they were cautioned against if we did have any kind of the military escalation with north korea, it could be the markets not just here, but abroad. >> we were wrapping up burning season here in the u.s. senate empowering the market with record close for the dow and s&p. but the same time, hearing from retailers as you know the brick-and-mortar companies had been a bit of a mess. do you think that affect there really is on if you will? >> i will say it's a secular trend and not a cyclical one. repealing overtime tends to be cyclical and very tied to the economy. the economy is creeping back slowly though we are still growing the economy in the opposite direction. this is a little nugget for your audience. we had seven points three square feet per capita in the united states of retail space compared
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to 1.7 square feet per person in japan and france. we are over retailing terms of space and arguably under demolished. cheryl: from an investment perspective, or you are following some of the major things we hear from like macy's or nordstrom's. that seems like a pretty big negative against these guys. >> the real estate side of it isn't just bad because the real estate side has the flexibility to find alternative uses for that space. the retail segment from a real estate is her turning a lot of turning a lot of trips enters into urgent care facilities. the retailers themselves aren't going to be as nimble. >> before i let you go, you've been following consumer trends of movement within urban areas. are we still seemed that consolidation into urban areas like a population stand point?
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>> we are, the smaller cities that boston in nashville. big cities like new york, san francisco have gotten too expensive for everybody. we are seeing rotation into cities, but smaller cities. cheryl: good to see you. thank you for coming in. lauren: kory bollinger to give the dodgers their 80th win this season. in cost, the pga championship starts today in jordan speed once his first career grand slam. coming up with all of your sports highlights. tensions continue with the korea. a live report from london. lauren: how you doing? cheryl: rough morning. [laughter] ♪ tempted by the fruit of another ♪ tempted but the truth is
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cheryl: the final g-golf major tournament in 2017 is here along with the pga championship off this morning. >> bring us up to speed, jared. cheryl: have quite a selection in the back this morning. charlotte, north carolina has one and he is a major contender this weekend speith becomes the youngest. he's won every major except the
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pga championship. this could be a shot to do so. speith said rory macri should be the favorite nes. rory macri tease out this afternoon in the group that includes rickie fowler. it is or is it a 25:00 a.m. eastern. he's prior to the power trio. the last time we saw watson playing for all, made his debut for the last week. the preseason game. shows up to speed and as texans fans are saying, mr. watson come here, i want to see you. tonight seven more exhibition games in the nfl. this will retire in most
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interesting fashion. he's officially turning in his cleats and retiring members of the doing and features. >> the one thing i regret in my third 10 years of playing football is my parents didn't get a chance to see their son play at a dream he made at the age of four. >> touching story. major league baseball jersey with style uniforms is coming. major league is for players begin august 25th through the 27th in every team will have new jersey. players will get to choose what names they want to have on the back of their jerseys for the newest undercard. all rights for the yankees aaron judge. uniforms with a jerseys folder styles. that'll be august 25th and 27.
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the new york mets but he has 29 home runs and basically traded tobacco, just a single a minor-league. the l.a. dodgers 49 years the authority wanted 80. casio clique breaks a new tie. dodgers hold onto the diamondbacks. did you ever try to adopt a pet and somebody may have something like you don't find the cat, the cat finds you. watch this. carlos trailing, bases-loaded. lorenzo can't wait. the stadium worker comes out. watch what happens. anyone has ever held a cat knows they are watching to say he gets him again. but the whole time.
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this kid is the mvp, bringing the cat safety. the kathmandu. unbelievable. the reaction on this kid's face is priceless. he needs to adopt a cat. you know what he should? molina because watch would have been. the next pitch, watch what happens in this baseball game. in the st. louis cardinals go on to win and be adopt cat. >> 1969. a black cat ran on the field instead turn the season around. cheryl: jared max, catch headlines 24 sevenths sirius xm channel 150. lauren: live to london for
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report on how the european unions are doing. $180 billion transatlantic cable deal in the works. ♪ the new guy? what new guy? i hired some help. he really knows his wine. this is the new guy? hello, my name is watson. you know wine, huh? i know that you should check vineyard block 12. block 12? my analysis of satellite imagery shows it would benefit from decreased irrigation. i was wondering about that. easy boy. nice doggy. what do you think? not bad.
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lauren: is that time to say good morning to riva gold from "the wall street journal." hi, riva. or the european markets doing today? probably the north korea threat. what else are you looking at? >> yeah, just general softness. in the u.k., a lot of companies are which leads us to the pressure on their share prices which is typically pretty short term. everyone is really focusing on the general risk of escalating tensions between the u.s. and north korea as well as looking ahead to results from snap which could be key for the sector which would convene under sector for a couple days. cheryl: european investors are looking because we are rounding up for earning. it's been pretty successful assuming it's been successful for european companies as well.
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>> acca madeira. earnings season is pretty good. not as solid as the first quarter which was pretty blockbuster. investors much more willing to punish companies that narrowly missed expectations and to reward companies that are then expect it. even though the tones from earnings and revenues is pretty good, the overall market with the stronger euros over the summer. lauren: quickly come reports of a transatlantic cable deal. would you know? >> we don't know if there's officially going to be a formal bid or necessarily what it will be, but it makes a charter very interesting but potential interest from softbank affecting share prices. people expect and the wave of mergers cutting cords and looking to expand market share. definitely a tough to watch in the days that had.
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cheryl: dataset for us for now. we'll turn it over and say good morning to maria bartiromo. good morning. >> cave bear, ladies. thanks for joining us. i am maria bartiromo. thursday, august 10th. north korea reveals its plan to attack the united states territory of guam. the u.s. holding firm at the tough cost for the kingdom. >> the president spoke to him, kim jong un in a language that secretary tillerson said this morning in the kind of language that kim jong un lenders and. >> train to investors around the world remain on edge. a lower opening for broader averages. dow industrial down 50 points. nasdaq down 30. indices look like this. once again, the tension impact
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