tv FBN AM FOX Business December 12, 2017 5:00am-6:00am EST
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good night from new york. [♪] >> he intentionally detonated the device. >> your face policy in place, the attacker would not have been allowed to come in the country. train to terror in new york. donald trump's immigration policy would have prevented the attacks. >> finally to the voters heading to the polls in just a few hours. choose a new center pin the controversial republican were more in democratic doug jones. train to tech and energy stocks in the dow to record high. the fed's two-day meeting starts today. futures point to higher open.
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>> investors keep an eye in the fed is so well as the european central meeting this week. cheryl: in japan's nikkei falling by 30% of the shanghai composite one and a quarter of a percent. >> what are the most watched shows on netflix? the most of our lists. "fbn:am" starts right now. cheryl: 5:01 a.m. in new york. tuesday december 12th and cheryl casone. >> good morning. i'm lea gabrielle appeared trained gabriel appeared cheryl: doing a little binging on netflix less than myself. i'm wondering of my favorite show up in the list that i will stand by and see. it's the crown and i don't know willis depp have a look. a lot of breaking news to get to
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this morning. president trump calling for tighter immigration policies following yesterday's field type bomb attack here in new york city. 27-year-old akayed ullah came from bangladesh seven years ago on a family-based visa. lea: at the white house's immigration system must change. >> this attack underscores the need for congress to work for the president to enhance our national security and public safety. we must protect our borders. we must insure individuals entering our country not coming to do harm to our country and move to a merit pay system of immigration. lea: officials say akayed ullah was inspired by aces. he was burned by the pipe bunkers several others had minor injuries. doug burns, good morning. >> good morning. lea: what do you think? would those have prevented this attack? statement the president and the administration have been crystal clear about where they stand on
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border security and immigration enforcement. i don't think it's necessarily as a lawyer state constitutional situation or particular policy will present a particular attack but it's perfectly appropriate to use this as an example. the moaning and complaining about essentially our family immigration visa is common via 43 visa and critics say it's too wide open in two b.c. to claim essentially pickier family. spouses, children and so forth in their thin legislative movements to cut a kitten. so i can luck, not surprising at all the president to this as an opportunity to reiterate his position on border security and enforcement. but at the same time as i said, you can't really say would've prevented him and he came in seven years ago. cheryl: at the policies that could change.
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it's a few families together and that's what americans are all about. he met her when she said that, leah from the counter argument is to a family can be in harmony. totally acceptable goals. to answer your question, which is the key point, obviously better vetting policies to make sure that in fact the particular people in the categories are in fact the close family members they say they are. it seems to me you could study the numbers and adjust them perhaps i may be lower than the little bit because it has expanded tremendously when you look at the statistics. supposedly some of the areas of improvement basically. >> attorney general sessions have been saying to terror attacks in new york the past two and both of the cases as a result of the failed immigration policies, the attacker back in october. attorney general sessions are saying there is a more merit pay system. how can that be implemented?
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>> that's a good question. those calling for reform, you know, state the principle i feel more of each person should come in on their own individual merits and not necessarily just by virtue of a family association for relationship. that's the core of their argument. the point is they have to enforce it tighter. lea: doug burns, thank you. cheryl: switching gears, today's the day in alabama. voters head to the polls and what is the most significant senate race in recent state history. republican roy moore facing multiple at accusations fighting to defeat at jones in a bitter and expensive campaign. holding that drain the swamp rally last may. >> we are up to her neck in alligators and people that don't want change in washington d.c. they want to keep it the same, keep their power can keep their
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prestige and keep their position and we've got a change that. lea: jones addressing his supporters at a rally in birmingham. >> not worry about the fact that more and more has been kicked out of office twice. i'm not going to worry about the fact that he took money from a charity. they know what, i believe those women ottawa county by my party is more important. i'm going to tell you, it is time and we will see it tomorrow. lea: stay with fox business for complete coverage of the alabama special election on lou dobbs tonight at 7:00 p.m. eastern. we'll be watching. cheryl: it'll be quite a night. i lot to talk about tomorrow morning. the treasury department in the current tax plan would pay for itself. in a new report from the departments of the bill would raise one point a trillion over the next decade assuming the economy expands to .9%.
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senate minority leader chuck schumer dismissed the projection is nothing more than one page at the joint committee on taxation said last month the senate plan would raise $408 billion in revenue in that 1 trillion to the deficit of economic projection, obviously not as strong as the treasury's work. to .9%, pretty good. lea: pro icon sights set on xerox. he said they could to the live call doctor they don't shake of leadership. cheryl: tracee carrasco with the leadership. tracee: after carl icahn plans to launch a new board fairly xerox an attempt to change of the company. according to "the wall street journal," says in part that times had changed but not the kind that controls the board. xerox did respond to the criticism that says in a statement of its own ahead of playing on a strategic transformation and reiterated its financial goals.
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>> twenty-first century fox business birth is looking to shed some of its assets in one of those bidders is no longer the mix. tell us more about that. >> comcast no longer pursuing a longer pursuing until longer pursuing a longer pursuing until the 21st century fox. the acquisition would've included several key media and entertainment assets. "the wall street journal" reports disney talks the disney talks the 21st century fox continues to progress in a deal could be announced as soon as this week. cheryl: netflix says scott -- the viewership numbers is crazy. but they've got the most strain shows. >> this is my favorite story of the day. it says a lot about us. netflix users around the world watch more than 140 million hours per day in 2017 for a total of 1 billion hours a week and with all the bench watching, netflix has come up with this
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official shows we devoured list, which means the series has been viewed more than two hours per day so here is the list surprisingly at the top that the true crime spoof, american vandals followed by the brazilian series 3% for the controversial 13 reasons why. the most popular streaming day in 2017, new year's day. cheryl: i can't believe stranger things, the crown, tracee: this was 2016 to 2017 n-november. stranger things came out at the end of october. i think that wasn't counted. the crime was actually in the list below the most devoured it, so people didn't watch that nearly as much. it is on there. train to thank you. feel better. lea: backplane features jumping the than 20% in the first day of
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trading on a major u.s. exchange. the generic contract that an $18,545. the decline suggest traders said just the best advised to go slow pre-features allow people to bet on the future direction of the virtual currency. that quaint features currently trade will start on the chicago mercantile exchange next week. we will talk to one former chicago trader about where something goes from here later in the show. cheryl: breaking news overnight had france's innovative has agreed to by shopping at a rice field for 15 to $7 billion. they own and operate about 85 shopping centers in the united states and also in the u.k. the move accelerates consolidation of the global retail air. amazon online shopping has been a huge threat. people want to buy it online. coming up, southern california's wildfires are threatening new areas in pushing towards upscale
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lea: welcome back to jakarta from its happening now. thousands of firefighters still battling the deadly commissars in ventura and santa barbara county. officials say the blaze which is bigger than new york city is about 20% contained. forecasters were hoping this in anna winds would die down by now, but now they say they could continue to fan the flames further into the lead. fox is reporting that a senior doj official devoted last week had even closer ties to the firm behind the anti-trump dossier than those that have been disclosed. fox news confirming they worked for fusion gps during the 2016 elections. it's unclear whether she worked on the dossier. house intelligence committee looking into all facets of the connections between the doj and fusion gps. budweiser wants the king of beers on mars. teaming up with space x to send barley speeds to send in the
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possibility of brewing on the planet. the launch is scheduled this morning from cape canaveral. that's what's happening now. cheryl: let's not worry about food and space. the people of alabama going to the polls to select a new senator in becoming very and predict both recent misconduct allegations against the republican candidate roy moore have surfaced at accusations of voters divided in a still divided this morning. >> you think you can have nine women in order to smear somebody. >> i'll give them the benefit of the doubt and vote republican. cheryl: what are voters going to do. former chief of staff to senator mike lee is the president of solitary strategies, also former adviser to senator bernie
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sanders. good morning. let's talk about here. allegations have continued to haunt him on the trail. is it going onto minnesota but today? >> yeah, it's been a long time coming generations of the democrat has won statewide in alabama, but that is really tested today. the plan is across the board from john >> tend to more been absent in everything in between. trying to understand where the people of alabama rms is trained to smell the color sounded. i don't think anybody really knows where we are. a very long day in a very long night, but the allegations are obviously going to be the driving force. what side does with glendale voters will ultimately determine will be how this plays out for alabama, but very indicative for the rest of the country related to 28 t. true to many say these
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accusations are unfounded, that should also have the political fight here at donald trump coming down to that state, robocalls, but supporting very more. the president does have a lot of support in alabama. can he help? >> he can help. alabama still a very red state. let's talk about the basic numbers. 1.5 million registered republicans in alabama. 932,000 registered democrats. about 232,000 registered democrats. my firm is working on the race and i hope we would. the key to this will be who shows up in the special election. he never really know. right now the secretary of state expecting a 25% turnout. if another setback, with 25% show up. will the democrats will he show up? are americans motivated to show up? all these things are random but they have to have been further and further side.
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trade to showing charles most of the law now. here's thing, too. with joe's coming to the former president obama, vice president joe biden also participating in robocalls trying to get democrats to come out. two checks point, maybe that will bring the voter base out and give mori ran for his money. >> i think the opposite will happen now with people at president obama weighed in, the president trump itself. they don't want to be influenced by the outside. the one thing this race may show in the end, cheryl, the political elites are less important than they think they are, less important than they think they are. this will come down to the people of alabama and what they decide to do today. cheryl: while such outcome is senator richard shelby, respected republican senator in that state. almost famous in alabama and
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said he could not vote for word more. >> i run campaigns in states all over the country all year long, every year. it would've taken that snippet and started running back sunday evening and when not to every alabama voter over and over and say i can't vote for the person running as republican as the senator. that is so damaging. does it motivate local alabamans? he talks like me. he's from the south. they have a lot of experience in dealing with those folks. cheryl: i love listening to you talk with your alabama accent. i do want to ask you about what republicans will do here for a more successful in winds sessions he coming do you think he would be ineffective in washington, especially if the ethics investigations by london? >> you will have a real struggle. he'll be seated on the ethics will begin their work and that will be a long haul.
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the more important thing is we have a discussion in the country. american people are tired of both local parties going through mental gymnastics in terms of he's a monster that is our monster so he's okay. but the conversation was cut to get to as a country. cheryl: a broader broader conversation when asked about if issues of discrimination and it's happening in alabama today. thank you. we shall see. lea: coming up, nasa satellite photos mysterious island in the south pacific. amazing. brutal cold weather to invade essentially some parts of the country the next two days. janice dean has her cold weather forecasts. you are watching "fbn:am." we35 mules,ur doors with 70 mega-watts, and an ice plant.
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lea: the birth of a new land. nasa released the new video that shows an underwater volcano creating an island in the south pacific scientist versus mia dillon was a torn apart and made us in a few months back in early 2015. now, new calculations suggest could stay for as much as 30 years. about a mile long located 400 miles southeast of fiji. trades are americans made ready for an island vacation sooner rather than later. snow returning to the northeast. trade through before you had at the door tuesday forecast with fox senior senior meteorologist janice dean. >> absolutely. cold push other coming from canada and another one later this week. the wind chill temperatures, what it feels like what the wind below zero, below freezing.
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minneapolis, this cold air is sinking southward and eastward. your new york city 41, damaris tice will be in the teens, 20s and 30s along the coast. another shot of not only cold air, the snow across the great lakes and all of the great lakes has this nice clippers extend the same minute eight new york, new england with a little bit too warm, but maybe another chance later this week friday into the weekend. snowy cold pattern will last into christmas. maybe a white christmas in the northeast. back to you. lea: janice dean, thank you. cheryl: is bitcoin the boom or bust for investors. the big one that may be about to hit the brakes. oreo announced three new fan
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>> he intentionally detonated that device. >> attacker would not have been allowed to come into the country. train to terror in new york city administration making it clear at donald trump's immigration policies that have prevented yesterday attempted. >> the voters headed to the polls in just a few hours. choose a new senator between the controversial republican room or a democrat doug jones. trendy tech and energy stocks pushing the dow to record highs. the two-day meeting starts today and features point to a higher
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open nasdaq fly right now. lea: investors keep an eye on the side as well as the european central bank leading country meeting this week. in japan to make a third of a percent and china's shanghai composite sinking one and a quarter%. lea: bitcoin the day after. boom or bust. watch out. "fbn:am" starts right now. cheryl: 5:31 a.m. in new york. tuesday, december 12. i'm cheryl casone. lea: good morning to all of you. lea gabrielle and for the simonetti. cheryl: a lot of wildness happening yesterday. breaking this morning, president trump calling for tighter immigration policies following yesterday's failed type of attack in new york city.
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27-year-old akayed ullah came from bangladesh seven years ago in a family-based visa. cheryl: the white house says the immigration system must be changed. >> this attack underscores the need for congress to work with the president on immigration reforms that enhance our national security and public safety. we must protect our borders, ensure individuals entering our country not coming to do harm to her people and move to a merit pay system to immigration. cheryl: officials say akayed ullah was burned by the pipe bomb another seven injuries. >> today's the day in alabama voters head to the polls of what is being caught the most significant senate race in recent state history. republican ram are facing multiple accusations of misconduct writing to a bitter and expensive campaign. holding a drain the swamp rally last night. here's what he said.
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>> we are a tourniquet allocators and people that do want change in washington d.c. they went to keep it the same, keep their power, prestige and position. we've got to change that. >> i'm not going to worry about the fact that warren morris kicked out of office twice. i'm not going to worry about the fact he took money from the charity. and i believe those living in ottawa county, but my party is more important. it is time and i think we are going to see it tomorrow. trade to the will replace jeff sessions. stay with fox business for complete coverage of the special election on lou dobbs tonight at 7:00 p.m. eastern. trade to the treasury department released an analysis of the republican tax plan saying it pay for it though.
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treasury says it would raise 1.8 trillion over the next decade. the analysis assumes they will expand to .9%. remember with great growth over% right now. senate minority leader chuck schumer dismissed this projection saying it was nothing more than one page of faith not. the jury driven and tax commission says the senate plan would the senate penumbras for $30 billion in revenue by trillion dollars deficit. projections are one thing. what happens is another. the pipe bomb explosion in times square uses red kneeling apps like hoover and left. prices for their red surge in the area. cheryl: search pricing. new york was pretty peeved about this one. >> ready up so it does. writers at the burden of taking the social media to complain about these companies charging search pricing during the immediate aftermath of
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yesterday's attempted terror attacks as much as to .5 more than what they should have normally been charged. bluebird did say they would go back and give these people are refined as well, but a lot of people unhappy with what was going on. this is the first time this is happening. lea: let's take advantage of people trying to get away from a terrorist. cheryl: they will have to answer to that again. the faa has a warning for festive folks decorating their homes. >> these are really popular lights. you've seen them like a laser light pointed directly at the home. the faa is saying that these sites can actually distract pilot and cause them to even become blind in some cases. the faa is asking homeowners to make sure the laser lights point directly to the home and set it up to the sky. they say if they do find these
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sites are distracting or if there's a problem case they will go to the homeowner and ask them to switch their display in kind of move into the round. goodnight to goodness this is usually unintentional. does actually blind pilot. let's wish to this. we think about oreo. they just revealed the mystery flavor is fruity pebbles. what are going to be the new flavors? >> these are fan inspired creations. three new flavors hitting shelves next may. the three flavors are cherry cola, kettle corn and peanut call out of oreos. these were all decided not by people who love oreos then next year with her hit the shelves we will be able to vote which ones stick around. i don't think either should. >> i was going to margherita oreos. so here's my vote.
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stick with the original. be heard all about it haven't been covering it for quite a while. they took a breather after dropping more than 20% in the first day of trading on a major u.s. exchange. junior contracts settle in $1,854,500. suggesting traders rapid rise to maybe slow down. german winkle vice commander of the investor in bitcoin speaking tour of maria bartiromo still pretty bullish. >> bitcoin is cool to point out, historic saudi appeared today is a $300 billion market cap. golden said extra income so we think it could very well go up another 20 times from today. cheryl: let's hear it jonathan hoenig a capitalist.com has to say about that. you're a traitor in chicago
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before you got out of the pit that became a tv star. would you say? as cameron wright? >> cameron is a billionaire thanks to bitcoin but i would disagree. what kind of store values things around 20%, 30% day after day? by the current state, not a store of value, not a medium of exchange. i think it goes even higher from here. at the top of the bubble, no one called for the bubble. bitcoin, despite the fact it's got a lot of fundamentals, it goes even higher from here despite the massive runoff this year. cheryl: 16,501. there's 18,000, 14,000. just on monday actually, tripled in value over a month. remember pets.com. this is the concern a lot of a lot of us a lot of us that have been doing this for a long time are worried about.
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that is a fair worry. >> you're absolutely right about the analogy. the question is it going to be pets.com that survives and thrives because the underlying technology here, it is legitimate, it does have a future, but doesn't necessarily mean the price continues to escalate. your allusion to a 1999 tech bubble is really out. once again tech stocks went up to 96, 97, 98 and 99 when up a hundred%. i think when the ninth inning. he might be in the sixth or seventh and makes a fool of us all before it's all said and done. cheryl: back in the 90s i thought light camera and winklevoss printer is probably not the time and then the bubble burst of technology. we all remember that. many have said supporters were
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tell you this legitimizes the currency. my question, is there going to be 10 other crypto currencies double follow suit that are going to be the same prices of bitcoin -- true slip, that there will be other crypto currencies that they aren't the only game in town and will prove true later on? >> already the case, which is a competing crypto currency up even more than bitcoin and those are the only types of money is that you really see and i don't want to say collins, but bubble says he said. a lot of competition in volatility. cheryl: there you go. a risky bet. jonathan hoenig, great to see
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you. cheryl: don't treat me on that one. lea: you are going to get treats my friend. tv star stepping down from his food empire after misconduct allegations. in the federal reserve begins a two-day meeting to talk about an interest rate hike. jeff bezos in amazon, the fed's biggest nightmare. you are watching that "fbn:am."
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cheryl: welcome back. celebrity chef mario the tally is stepping down from his restaurant and higher following accusations of misconduct. fomented told the food website easier he touched them inappropriately. issuing a statement apologizing for his behavior saying he takes full responsibility. in response, abc has suspended him from the show to chew. its advertisers star reporter ran let's are improper conduct. he also has been suspended by cnn where he denies the allegations saying he was fired but it was a terrible mistake. after he reported that white house communications director anthony scaramucci in a profanity laced tirade. amid the fighting reports of sexual assault and harassment in
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the news, feminists and does merriam-webster's word of the year for 2017. the word was the top lookup throughout the year is starting as early as january during the women's march in washington. that is what is happening now. cheryl: thank you, cheryl. new survey by the federal reserve bank of new york shares of ration next patient remain near their lowest levels in years advised the fed still expected to raise interest rates during its meeting next week? nice to see you. >> thanks for having me on. we expect the fed to make that about a quarter of a percentage point. inflation on pace to be below the 2% mark again looks like the sixth year in a row. what is the argument that federal maker that does go ahead and raise rates? >> the fed is in a goldilocks situation where the economy is growing not too fast and not too slow and is pulling the economy
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added crisis level policy. the fed is ecstatic this year. they entered 2017 lucky to raise interest rates three times and they were able to do that with volatility in the stock market at all-time lows. this has helped bridge the credibility because they've had to adjust their plot in that their expectations for interest rate hacks for several years now. trades are one of the concerns appeared to be a downturn where they go if it comes to interest rates. some economists inflation won't be a problem for years. what are your thoughts? >> what investors tend to focus on is the first friday of every month is the monthly jobs data and that is when the wage rate data is produced. that is the key data point the fed is looking at. if we start to see in wage rates creep up, and that will force the fed's hand to increase rates faster. with the economy and labor market so tight, investors have
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been perplexed if not with tighter than a dirty house. >> "the wall street journal" has a story that basically amazon is complicating the decision because the people who were comparison shopping, using the internet in being able to look at using technology and that is keeping inflation down because prices are staying down. the president calls that a head wind. what are your thoughts? >> technology general, not just amazon has made the overall economy more efficient. the survey data analytics, smartphones, not just consumer, business and general are trained to do more with less than trying to maximize profit margins as best as possible. technology has been an issue, but i don't think it's keeping inflation down.
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years for the rights to stream games across a stooge of properties including yahoo! sports and fans no longer have to be verizon customers to gain access to the games. they can watch in their devices regardless of which company is their mobile. cheryl: it's called freedom. no overnight, allegations of misconduct between two suspensions at the nfl network could bloomberg news reporting marshall farrar, all analysts in a lawsuit by a former female employee of the legal networks. the accusations range from groping to inappropriate text messages. another asked player.have been mcnabb also named former executives. >> a big upset. churn maxes bear at the highlights. he will tell them to me. the >> i fell asleep before the game is over and i was surprised by the result when i woke up this
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morning. the dolphins are playing at home 11-point under because they are playing the new england patriots. four hero tom brady and positioned to quench a nice treat division title. miami marlins baseball boss deter jeter treated giancarlo stand tenuous than the yankees. rudy didn't get much love. dean and howard intercepted tom brady not once, but twice last night with the slowest path than any game in four years the patriots didn't cover it wants on third down. first time that have been sent 91. jay cutler turned back towards touchdowns. miami 27-20. kirsten went to the doctor. kirsten didn't get such good news. mri confirmed the philadelphia eagles turning quarterback in league mvp quarterback toward the acl in his left knee late in sunday, recovery time named a 12
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month period >> this will not stop me going forward i will come back stronger than ever. i'll use this as motivation along the way supporting them. i have the utmost confidence in neck in the coaching staff whenever else they will step up. >> support flowing in. vessel will send. >> person, rooting for you, continue to work hard. >> new york jets quarterback would not play again this evening. he broke his hand sunday. that the jets turned to brace petty. giancarlo stand is a new york yankee introduced yesterday at baseball's winter meetings. >> very excited to be hearing be a part of the yankees and i am just looking forward to stepping
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up in being with this winning environment and winning culture. happy to be here. >> the national league mvp award said the things that miami spiraled out of place and they needed to find a new home. you know the old saying, if at first you don't succeed in stealing sunglasses after training kit suspended by ucla indefinitely, try try another country, they're going to play ball together. the two younger brothers of l.a. lakers rookie alonzo ball and some of the von sobol has signed for a protein in lithuania. the mellow is only 16 pick as a junior in high school. he dropped out. cheryl: so we'll see how they do. there really is in great is in grapevine in european basketball, but there are
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certain benefit to how they are paired a lot of times taxes he did a wonderful break on that. they wanted spread their brand overseas. lea: in some ways to great way to keep playing and stay relevant. trig teacher at max, great to see you. news headlines 24/7. sirius xm channel 115. transfer the federal reserve set to raise interest rates today. "fbn:am". r website using gocentral, did it in... ...under an hour, and you can too. type in your business or idea. pick your favourite design. personalize it with beautiful images.
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cheryl: the federal reserve kicking up a two-day meeting. read expected to raise interest rates. what are european investors going on to say about that? tranter reva gold -- riva gold from "the wall street journal" joins us. >> good morning. bible led to global investors have this really firm idea of the rates are going to go up, but there's interest in what janet yellen says given that she's kind of on her way out. for european investors really focusing on the path ahead, how many rate rises will we get next year and what does that mean were consequently the euro and
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british pound. stocks have drawn in a fair bit of money for global investors this year, but the number one risk people see in the equity market is a policy error by the fed or the ecb. absolute name one that will also determine how attractive things like banks are based on what it does to government bond yield. cheryl: she's still the fed chief, everybody. electric vehicles prices are pretty out of control, riva. >> there's been a massive rally of things that go into batteries for electric vehicles, but also broad range of base not most, copper seen as a bigger part of electric and hybrid vehicles in more traditional models. you have seen a huge run-up in the price is and you can argue we will see a massive shift in commodities.
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cheryl: riva gold from "the wall street journal." lea: thank you for joining us on "fbn:am" this morning. good to be with you. train too good to be with you as well. always fun to see my friend. the senate over to my next friend, maria bartiromo. >> good morning to you. hi, everybody. happy tuesday. i am maria bartiromo. tuesday, december 12. fixing on the east coast at decision day in alabama. polls open at 8:00 a.m. eastern as we decide between raymore and democrat doug jones in the highly contested special election for the state. >> we talk about draining the swamp. we're up to our neck in alligators, people that don't want change in washington d.c. they want to keep at the same, keep their power, to keep their prestige. we've got to change that. >> i think it's time we say no more to putting people down, did we say no more to treating people as second-class
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