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tv   FBN AM  FOX Business  February 12, 2018 5:00am-6:00am EST

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wonderful weekend. charlie hurt and gregg jarrett are among our guests monday. join >> you say that could make interest rates spike. it absolutely could. a healthier economy than even we expect it. >> just because republicans are doing it doesn't mean it's any better. trim for the trump administration ready to rollout the 2019 budget that includes funding for the border wall at $1.5 trillion for infrastructure. cheryl: investors closely watching spending after last week's big fall turnaround. the pallet 330 on friday. the dow up to 96. transfer yields on treasury are sensitive to deficit spending issuing more government on the
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pier taking a look at the 10 year treasury yield which is rising joe scheid to .9% this morning. cheryl: oil prices can be a factor back in the $60 a barrel three-year high for u.s. drilling activity last week. lauren: in europe after falling 5% last week, the european stock indices looking for a very strong opening. the dax up 2%. cheryl: in asia stocks in japan closed for a national holiday, but the shanghai composite of three quarters of a percent. lauren: is this another sign of inflation? are you ready to pay even more to go to a disney theme park? "fbn:am" starts right now. train 25:01 a.m. in new york.
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monday, february 12:00 p.m. cheryl casone. lauren: and lauren simonetti. it's not how you open that matters. it's not the market closes. cheryl: a fun, wild ride we are on right now. the market fell 5% last week. the jump on the dow on friday and look at the futures right now rallying up to 90. nasdaq up 70. trains are we what investors can expect after the worst decline last week in more than two years. victoria hernandez across my global investment in david nelson county chief strategist at alpine asset management joining us now. good morning. >> good morning. lauren: what is going on in the market this morning? >> i anticipate we will see some follow-through in the futures up the way they are. we had a lot of technical aspects going on last week at
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the friday before when friday before when the branch number came out come is some fundamental basis to see the market react the way they did, but the technical components last week and the volatility, a lot of that has subsided. those that needed to be leveraging, a lot of that is done. i would anticipate as we start coming back across some of those levels we were looking at common approaching the 50 day moving average on the dow, we'll start to see things settle down a little bit this week and allow investors to take a breather. >> you expect the 4000 days on the dow industrial average to continue this week or how does the volatility expose flaws in cracks in the market that you are concerned about? spirit volatility is one of those wall street words wall street words we use we're not sure what will happen next. i want to take onto it. just sad. germanic declines with why did it happen so fast.
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the toughest thing for investors to get used to is the time compression. 10 years ago this would've taken place over weeks and months in today's computer-driven world it happened certainly hours, sometimes days. it puts a smile on her face. it is not how we open today. if we follow through with a strong close today, you may set us up for a decent week. lauren: i want to look at the price of oil and commodity. although below $60, six days of intense salad. cold prices, strangely you buy gold when you're nervous, when things aren't looking so good. what do you make of what make of what we see in commodities today, both oil and gold are. >> i think is deeply concerned with inflation across the board. people wonder if we'll see that
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follow-through in other areas are looking at commodities and trying to determine which way they will go. even cisco came out last week saying food costs are up 3% last quarter. sherwin-williams came on and said they anticipate raw materials to be up over 6% next year. concern about inflation coming in and causing commodity prices to move higher is why you see volatility there. with oil going back above 60, hopefully we can find a bottom and feed through to the rest of the market. lauren: you can say that this expanding their inflation in washington d.c. of course this is on top of the big spending plan of what 400 billion could be spent over two years. should we handle this episode? >> i'm not sure the market could handle it. the market reacted when i saw those numbers.
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looking not a negotiation here to the upside. lauren: thank you so much. cheryl: investors looking at federal spending according to what's going on with the budget. it's a busy week this week in washington. we're finally going to get president trump on proposal to fix the infrastructure is part of the fiscal 2019 budget from the president unveiled a plan to spend $200 billion over 10 years unclear where that will come from. white house budget your mick mulvaney suspected congress can shift money from other programs in the recently passed spending bill. >> you don't have to spend all this money. they are spending caps. we are going to show how you can run the government without spending all of that. if we take the money to spend the social programs and things like infrastructure, opioid
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relief from the things in mind that the president's priorities so if it does give spent a basic expansion lauren: a tough sell to lawmakers who are still upset about the spending bill. >> last time i checked there were more republicans in the house and our democrats and republican in the white house. this increased $300 billion comes second-largest in the decade and the psychedelics this list is not what we said we would do with the fight harder to get things back on track. transfer the president has said to host bipartisan lawmakers on wednesday to discuss the planned to white house estimates will lead to this whole infrastructure plan, but 200 billion coming from the federal. >> they are putting pressure on the states will talk about later on in the show. the senate is a 2% debate
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immigration today. yesterday the gop senators introduced a plan similar to the president proposing to legalize 1.8 million dreamers and authorize 25 billion for border security. over the weekend, here is a president trump treated. they wanted to fix something far more than democrats do. all three branches of government in 2008-2011. they decided not to do anything. they'll want to use it as a campaign issue. vote republican. they have given until march the two fixed the daca program. meanwhile, democrats to offer their own immigration plan as well. mitch mcconnell delivering on not to bring something to the floor. that could. lauren: it now seems like we're closer than ever to see what's inside the democrats classified memo regarding the investigation with the republican surveillance memo released. white house officials could see
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the light of day is just a department concerns are addressed and house intelligence committee chairman devin nunes told maria bartiromo the republicans are not intentionally blocking the release of the democratic response to his pfizer memo. >> what they did as they say you need to make some reductions in technical corrections here and we will get it out right away. from that point, we've heard nothing but crickets. they wanted to get it out, they would be down there all day yesterday we got together and getting it back over to the white house so the public could know what it meant. lauren: dish of vanilla to the defense department and the fbi and did not hear any complaints. cheryl: good news is going from bad to worse for embattled hollywood mogul harvey weinstein. a deal to sell the weinstein company has collapsed. but if the international space station would run every business by a business. well, that ideas on the table.
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check in u.s. stock futures business. they fall pointing higher by 297. s&p nasdaq pointing to a higher open as well. we shall see. you are watching "fbn:am". ♪ oh! there's one. manatees in novelty ts? surprising. what's "come at me bro?" it's something you say to a friend. what's not surprising? how much money matt saved by switching to geico. fifteen minutes could save you fifteen percent or more. today, innovation in the finger lakes is helping build the new new york. once home to the world's image center,
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train to welcome back a bit sketchy, but overlook typing now. take a look at features could be a wild day for stocks. plenty of uptick in the market could develop when the market appeared to dow corning up by three to four points. s&p up a 31 points. nasdaq up by 72 in the premarket. major indices losing except for the balance on friday. we shall see. hold onto your hat. some other headlines this morning i spoke. hundreds of rescuers are battling the elements, combing through the wreckage of the russian plane crash that killed 71. new surveillance video showing the moment flight 703 plunged into a field, exploding into a fireball shortly after the plane took off from moscow. investors looking into whether human areas factor. world war ii era bomb has shut down london city airport. construction workers discovered the bomb in the river. place in the world may be to
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remove the very old explosive everything within 700 feet has been evacuated. no one is allowed in. finally, a new out of this world funding proposal for the international space station. according to the "washington post" with the "washington post" would trump administration to stop funding the space station after 2024 instead they want to privatize the whole thing. no word if there's any buyers or how will be used in the future. another public entity going private. truth reduces the trend. the bidding war might not be over. one company reportedly considering a new offer for the 21st century fox. cheryl: tracee carrasco has got this morning. >> good morning. contest thinking about revising its pursuit of 21st century fox. company as you said a fox
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business network after his bid for the entertainment aspects was turned down despite being over 15% higher than the eventual buyer, disney. fox's primary concern about the comcast bid was a tie up between the companies would face a significant antitrust risk because of comcast acquisition would be a vertical deal adding more cable tv channels to an already similar company. cheryl: obviously some stocks to watch there. the weinstein company, more trouble for the company. lauren: a group led a businesswoman was close to a deal to buy for about $500 million in the new york attorney general eric snyderman filed the lawsuit yesterday against the studio and its founder bob and harvey wines teamed reportedly brought too much uncertainty for the deal to move forward. the largest long-standing sexual harassment of's assistant from
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above wednesday's failure to stop the rest for another civil rights violations. lauren: the drama continues. i didn't think it could get more expensive, but disney is casting a family for almost 600 bucks per day. >> best just to get into the park. just in time for the spring break vacations, walt disney world and disneyland prices rose over the weekend at the magic kingdom in her window, prices went up $2 to $5 on the most expensive day, $5 more to $129 for themselves, $123 for kids. a family of four with two kids as you said, almost $600. just to get into the park. that doesn't include your meals and souvenirs. disneyland in anaheim, california went up $7 to $11. adults pay as much as $135.
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disney has raised its prices over the theme parks. their expenses. cheryl: and they reported earnings that came parks the own shares of disney, not so bad. >> i've been to disneyland two years recently, every single time that gone, packed. you can see why, people still pay prices. lauren: no pushback. plus all the great entertainment , all the new guys. those are not cheap. cheryl: thank you. a lot more markets than we are also watching what's going on in puerto rico. an explosion to cause some major power outage on the island. rain is moving of the northeast. fox senior meteorologist janice dean has the forecast.
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once again, here we go again. for now it's looking like a positive doping. the data to 89 and the s&p nasdaq substantially higher as well. we shall see you. you are watching "fbn:am." ♪
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retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. lauren: major setback for hurricane now for in puerto rico next version in san juan plunging northern parts of the island into complete darkness as you can see. these photos show the damage to the plane caused to the equipment. crusades unclear how many people are without power, but they said they to be fully restored by
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this afternoon. no injuries reported that the blackout is adding insult to injury as 400,000 people are still without power after hurricane maria read havoc on the island. that was back in september. trade to a lot of rain in the northeast over the weekend may finally be moving out. lauren: get out of here. fox meteorologist janice dean with the forecast. reporter: we did see a lot of rain over the weekend and the rain is moving eastward. the temperature moving to new york city 50 degrees. 52 in raleigh, the cold air behind this front you can see where it is two in minneapolis and six in chicago. quite a bit of snow for the last system. past 12 hours the frontal boundary bringing potential down to the southeastern parts of the mid-atlantic by tomorrow morning will be out of here. we will then watch the potential for some unsettled weather across the west, the central rockies and parts of california
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as well. or forecast model for seven days, mainly rain for the eastern third of the country and a lot of snow for the west over the next five to seven days. quick look at daytime highs, 47 in new york, cold air across the plains will moderate a little bit. cooler across new york city and her neck system moves through on thursday. look at bat, 60 in new york city. >> it's also nice coming to work, but i knew it was going to only last for a day. >> i'm giving you full advantage of being excited. >> thank you, janice. coming up, >> please stop speaking to my husband as if i weren't here. lauren: many critics asking how
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the final chapter of the 60 shades of gray took the top spot. the 411 on an experimental drug that promises to kill the flu in a day. we will see how we close what's most important. the final hour of trading. we are setting up for a nice day on wall street with the 330-point gain on friday of 276 with the futures market. s&p at 30. we will be right back. ♪
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who's the new guy? they call him the whisperer. the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on speaking terms.
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>> you say that could make interest rates by eight. >> we are also looking out to a healthier economy than we expect it. >> i still use deficit spending.
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>> ranking is this morning. the term administration to roll out as the 2019 budget that includes funding for the border wall with a one-point $5 trillion infrastructure plan. trent investors watching after last week's picks stock drop. 69 on the ninth dead. stocks continue to be the 10 year treasury yield. yields have been particularly sensitive to deficit spending because you got more government on tissue. >> stocks are not greater than as a result also seen a rebound in europe after falling 5% last week. european stocks up 1.5% across the board. >> a pretty good story in asia as well. close for a national holiday, but china's shanghai composite of three quarters of a percent. lauren: more families are by an
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o.j. to kick the flu. "fbn:am" continues right now. lauren: 5:29 a.m. in new york. monday, february 12. i'm cheryl casone. lauren: a claim lauren simonetti. cheryl: is great except for the cover of "the new york post." future child vaccinated for the flu right now or else. a flu story coming up which is going to be good. lauren: we saw the major average. each one of them fell 5% last week. we are seeing a rebound this morning taking a look at the dow futures up to 72. >> what can investors expect for the week after the worst week in more than two years. john petrini said bob point management, gentlemen, good
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morning. let me start with you. we've obviously had a lot of volatility in the markets. investors pulling out 22, almost $23 billion out of mutual funds and ats site of a seven-day period that ended on wednesday. is this a simple correction, little bit of a pullback that was healthier as i telling you the average investor is nervous? cheryl: john, go ahead. i'll start with you. >> it's nice to see green on the screen that's for sure. we expect more volatility throughout the week. we didn't get any sense of the firm are investors and clients. the market had been dealing strongly, i think investors understand the strong jobs on february 2nd will lead to rising interest rates everyone is expecting at some point to
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happen and that is what is coming to fruition here. the movement during the week i think everyone knew something unusual is happening, but there wasn't any sense of panic at all. that can take advantage of the selloff? trade to look at gold prices where you would normally see that fear. the largest price decline in two months and gold last week. nobody rushing for that safety net. >> what you saw last week was a big autocorrelation for all the asset classes living together and not just tells you there was a liquidity issue in the market as people were unwinding the dax trade. cheryl: john, what about government spending? $1.5 billion infrastructure plan imposed by the president,, but we are going to get the new budget was worried about the deficit out there. >> $20 trillion in debt on the
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books for the government. you know, that is the long-term elephant in the room as to send being beaten so unsustainable. how are we going to address that? but again, in the short term it's not something you could invest against today, but clearly one of the big long-term worries for investors. trade to obviously has a look at the movement we've seen in the dax, despite 70% last week. do you think they might be moving away now? >> when you do, was to give investors, but we've probably seen the low for the year and i mentioned on the show last month, maybe between 20 and 30 might be where we live for a little while until things calm down. cheryl: last question you're
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looking at what they at what the betting limits will be coming not just reserve the global central banks. do you think there is more pressure to raise even further than predicted right now? >> you're probably right. the reason for rates to rise is healthy because the global gdp is quite strong and solid. rising interest rates because of inflation but by strong fundamentals is a good thing. cheryl: thank you very much. we will see how the markets playoff. thanks, guys. lauren: the rainy weekend weather certainly helps the box office and we have a new winner finally. cheryl: tracee carrasco headlines this morning. >> jumanji no longer at the top of the box office. the new box office winner bringing in $38.8 million in its opening weekend. this is the third and final
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chapter. not much video we can show. in second place, peter rabbit featuring the voice of james scored with $25 million clint eastwood's asthmatic healer pulled into third place at $1,226,000,000 in rounded out the top five, jumanji all setting the stage for black panther, which opens next weekend here that when expecting to be big. cheryl: we also have a new movement in the orange juice contract. what is going on with o.j.? >> this is interesting because it is going along with the severe food outbreak season. sales going up for the month of january. 38.66 million gallons of o.j. was consumed during the month up about 1%. this comes after there have not been significant spikes in sales for many years.
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the last time there was a spike was five years ago in 2013. previous to that a spike in 2009 when we had the swine flu outbreak when salesmen up about 5%. the national institute of health that there is really no strong evidence that says that orange juice does anything to help with the flu. although subconsciously i've been buying more orange juice. lauren: we thought with the hurricanes especially in florida the price would go up sharply but it's been okay. you might not be a cure, but one company says they do have secured in the works really well. >> a japanese truck maker working on a single dose that will wipe out the flu within 24 hours. in a late stage trial right now. it will work better than what is on the market for right now. can the flu takes three times
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longer to kill the virus then this new drugs that they are working on. the only bad thing is their earliest it could be available in the u.s. would be next year and that's the earliest. >> which doesn't help this year. i just heard it's going to go through may. expert are saying it could be extended to may. >> thank you very much. we've got a lot more coming up for you. president trump unveiling a new budget plan today including the $1.5 trillion infrastructure plan and having to pay for it. the political panel will weigh in. workers across the country plan to protest for $15 an hour minimum wage. it's not a national wage. check in the u.s. stock as we go to break. the dow pointing sharply higher in the premarket. s&p and nasdaq higher as well. maybe this week will be a different story.
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lauren: welcome back. but that what's happening this monday morning. a look at features. world stocks are rising. david rouzer 291 points or 1.2%. opening the door.
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mike pence on his way home from the olympics telling the "washington post" jokey but do not pressure campaign against the north would be willing to talk at the same time. the administration may be looking more favorably at diplomatic options. you've got to check out this video. the truck loaded with liquefied natural gas bursting into fire fire -- and the gas bill and then the gas ignited. two people in the truck. three vehicles nearby the cars were burned but those inside the passengers ran away and they were okay in the end. back here at home, workers across the u.s. were serving up notice that they want higher minimum wages. employees of fast food chains than to walk off the job today
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and begin protesting $15 an hour wage. that might take a bit longer. cheryl: president trump to unveil a massive one point i trillion dollars infrastructure plan today than we had a roadmap to fix the nation's roads for the 2019 budget. lauren: griff jenkins at the live with what we can expect. good morning. >> good morning, lauren and cheryl. that's just than drilling in the building. nevermind that. this plan is direct did not america's crumbling infrastructure as the president called the denny's meeting later today with state and local officials because they are going to share this plan. they want to fix what they see as a broken system of funding for infrastructure. first they want to stimulate 1.5 trillion investment. second they went to have one
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authority. next they want to invest in rural infrastructure and lastly they want pre-workforce training and proving the new 20 night in budget. mick mulvaney says it's going to focus heavily on things like the new infrastructure plan. >> take the money democrats want to but the social programs and move it to infrastructure, opioid relief, things in mind that the president's priorities so if it does get spent on this ticket into the right places. reporter: the white house says it's bipartisan and addresses republicans and democrats, but initial reaction from pete defazio suggest otherwise. >> with the existing transportation programs to pay for wall street and foreign investors to toll roads in the sky bedrock environmental clean water and clean air protection under the guise of speeding up project. this is not a real infrastructure plan. simply another scam.
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>> the plan calls for 200 billion in federal funding, 100 of which will be spent on sentence for state and local governments. this is a plan that negotiation. we will see on capitol hill later today. >> concerns about spending on a washing 10. thank you so much. for more on this, contributor to the hill, christian tape and cornell and infrastructure program, good morning. >> good morning. i've got a star with you on this because i want to get to this point of the infrastructure plan because what is interesting now if they do want 1.5 trillion will come on the back of states and local government in the permitting rule, but also the work force training part of this. if you want infrastructure, we don't have a workforce in place right now skilled labor is the complete infrastructure this country. >> way. so thank you for the question
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could workforce training is an important part of this, but the main thrust, 100 billion of the proposed vendors to go to state and local governments in one of the things to keep in mind here is her most of the infrastructure we normally think about, state and local governments are the actual owners of the infrastructure. the plan is to provide incentives for city locals to do more things to more officially own and operate and manage their infrastructure to extract more value from now. i can give you some examples of fact. for example if you've gone to a highway rest stop late at night and you go in and use the facilities, you'll see there's spending machines with maps and brochures but it might look a little dreary and somewhat dangerous. why are there no shops? why are there no restaurants or gas pumps? that goes back to 1960s era law that prevents states from commercializing rest stops that if we relax that laufer states
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that ask for an exemption, allow them to put and restaurants, put in shops, et cetera and get a concession fee, until those right there, public-private partnership. the mullahs together. not only have you raised money for the state, you've created a new investment opportunity for long-term investors like pension funds, mutual funds, insurance companies. trade to let me get kristen a chance -- >> bundle in this commercialization. you can liberate a lot of value. cheryl: we love your points but i've got someone else to jump in. you made a lot of great examples on their credit incredible examples. i love your enthusiasm, but the burden is still in the states. 1.5 trillion not mean coming from the fed.
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>> companies to invest more in infrastructure. this proposal marks something to fulfill its campaign promise to fix our crumbling infrastructure and create thousands of jobs in the process, but one big problem. how are we going to have this investment comes from after assigning a significant budget increase which was widely panned by fiscal conservatives? trump will have a hard time finding money to lay around for infrastructure. the white house says the money will come from existing government spending that democrats are going to criticize any cuts to the budget. it's also reported president trump has brought up in private meetings the idea of instituting a hike in the federal gas tax which remained static since 1993. doing this would probably be widely unpopular among middle-class american and could also undermine benefits we've seen from the newly passed tax bill.
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it's an interesting plan, innovative in a lot of ways and we need some reform and to rebuild our infrastructure. this bill will have a hard time on capitol hill because offending. cheryl: obviously have to have you both back because the amount of time. christine, ray, great pines for both of you. we'll see what the plan looks like today. thank you. >> things for happiness. lauren: coming up, wardrobe malfunction at the olympics. what happened to that south korean skater? the highlights from the winter games in just a bit. also talking global markets after last week's wild swings. in the u.s. command dow futures have not been on a roller coaster, knock on wood is so far this morning, dow futures have been up strongly. the entire show up to 67, s&p
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futures up to 66. we will be right back. ♪ [fbi agent] you're a brave man, mr. stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances.
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lauren: team u.s.a. looking to add to its medal count in john chang. good morning. >> good morning cheryl, lauren. another medal in snowboarding. three americans went to the women's half pipe and david three of the winter games. first time in u.s. olympic history. team u.s.a. wins a medal in men's singles luge. chris nods her, 29-year-old from massachusetts and a 54-year-old
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driver team u.s.a. another first on sunday. miranda goss of california became the first american ever to land a triple axel at the olympics. 21 seconds into a free skate. only the third olympic ever to win the gold medal for team u.s.a. jamie andersen won the slope style snowboarding old competition where intense when because several competitors to crash or bail. winds causing major problems in south korea. gold medal standings norway sits atop the overall board with eight medals. team u.s.a., a pair of gold medals, four total including a silver and a bronze. wardrobe malfunction could have been disastrous. an american citizen competing for south korea got through for ice dancing routine with a hook on the back cover costs and came
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undone five seconds into the routine. she didn't stop, she didn't want to get deductions and points. everything held up. asking the boston celtics crushed by the cleveland cavaliers yesterday. here's played 15 seasons for the celtics and numbered 34 jersey last night raised it to the rafters. indianapolis colts have a new head coach. the team traded this vote of no pharmaceutical offensive coordinator frank wright signing his contract yesterday. colts fans need more proof and they sent out this photo holding yesterday's newspaper with jim or say. josh mcdaniels, the patriots offensive coordinator would become those coaches i'm not going to do it. this village is this for real? it's for real. cheryl: jared max, good to have you back. catch in sirius xm channel 115.
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lauren: kicking off the week with a pretty strong rally. a good head on "fbn:am." ♪ the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on speaking terms.
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lauren: take a peek at european
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stocks. michael houston's chief market analyst. >> stocks are big enough for wall street. what's going on? >> good morning. the positive u.s. close and stocks modestly higher. investors are cautiously dipping their toe back into the water. i would inject a note of caution. bond yields are also, but the big question as far as i'm concerned is how u.s. markets react to the 10 year yield has been and how they react later this week when the u.s. inflation numbers come out giving about rising rates. >> europe gets inflation numbers this week, too. >> due out later this weekend even months later this week but also inflation numbers out of the u.k. tomorrow. very positive inflation last
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week. the inflation doesn't show signs of softening on there will be can turns about where your presence here in the u.k. as early as may. cheryl: real quick before we let you go, oil prices on the u.n. >> they've taken of the umpire. a large part of that is taking a significant decline last week. the u.s. counts last week posted another significant geek. i think this could be a little bit of a rebound before another push. >> a look at how european markets are doing. they seem to be taking the cue appeared cheryl: would like to thank you golfer watching "fbn:am" this morning. great to have you with us. over to maria bartiromo appeared mornings at her rehab. >> good morning, everybody. thanks for joining us. i.e. a maria bartiromo. monday, february 12:26 a.m. on the east coast. bracing for another wild week on a positive note as the dow closed up better than 300 points
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on friday alone and followed a very volatile ride. the dow's first and second largest point declines in history this morning about going on. features indicate a pretty good rally at the start of trading with the dow up almost 300 points better than 1% on the upside. s&p f. 29-point in the nasdaq showing a gain of 70-point better than 1%. europe stocks also higher. pretty good momentum there as well in the cac in the dax up better than 1%. dax and germany have 2% right now. the asian markets more of a mixed performance for holiday overnight. other majors moving mostly higher as you can see there. rebuilding america. president trump to unveil its highly anticipated infrastructure plan did commander-in-chief to propose $200 billion spending the next 10 years as the white house looks to improve the country's
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highways, airports and rail system. the plan is part of the fiscal 20 night team budget which is also set to be released today. we are talking budget numbers coming out. democrats on the attack this morning as the white house declined to release of their counter memo on alleged fbi surveillance abuses. the report sent back to the house intel committee for changes after concerns were raised by the justice department. i spoke with devin nunes yesterday about the war of words on "sunday morning futures." >> we want the democratic memo out. we think it's ridiculous on the face of it. they attack myself, chairman gravity, turn perturbations some supersecret russian spy. they talk about how christopher steele is a really good source. do we want this out. dagen: marmite conversation

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