tv FBN AM FOX Business March 1, 2018 5:00am-6:00am EST
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concealed carry. can you hear the channels clicking when i say that? charlie: if we have >> we've got a long time with a 10% election we've had good the "the markets. >> i think it's going to be a back-and-forth market without strong gains at all until they see a little more clarity at the end of the month. lauren: two of the smartest minds in america, jeremy siegel and miller to investors to keep calm after stocks had their worst month in two years. sure into a chaotic months at the dow breaking with a 10 month winning streak and 4% for february. s&p 500 after that. nasdaq 1.9%. lauren: a volatile overnight session for the futures down 70,
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up 30 pic is by 78 for the dow as all eyes today turn to fed chair jerome powell once again he heads back to capitol hill for more testimony. trying to flip over the futures boards to the european averages. we are lower there as well in the back of the wall street losses. the ftse in london down more than one half of 1%. lauren: any green in asia today? the shanghai composite inched nine and gain half a 1%. the nikkei in japan down 1.5%. connell: here at home, ballmer joins sporting goods and banning gun sales to anyone under the age of 21. lauren: a week after they ran out of chicken, kfc is now out of gravy. "fbn:am" -- this is after. it starts right now.
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♪ connell: 5:01 a.m. in new york city. everything was going fine until i ran out of gravy. good morning, everyone. and connell mcshane filling in for cheryl casone. lauren: gravy makes everything taste better. i'm lauren simonetti. connell: has gravy can be really mean sauce. lauren: gravy is the stuff you put on turkey. connell: we can all go home happy. stocks lower. the dow industrial s&p 500 snap, which has been amazingly enough a 10 month winning streak that the dow down 380 points yesterday to continue to face the prospect of higher interest rates. the self, and the new fed chairman jay powell returns to capitol hill testifying before the senate banking committee. lauren: encore performance.
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bill miller was on making money last night and he said investors shouldn't be overly concerned. imagine that. about the selloff. >> the economy is fine, inflation slowed, corporate profitability fine. this is psychology back and forth. lauren: jeremy siegel university of pennsylvania telling charles payne there won't be any big gains in the market until powell policy meeting. >> announced in the market will be waiting until march 21st. march 21st is when this first fomc meeting and conference, you know the very important document that tells about projections on fed funds. lauren: at that meeting the fed with expected to raise interest rates will have to see how many more times in 2018. train to president trump reportedly said to meet with them steel and aluminum
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executives today. we'll see if that meeting actually takes place. sources said the president could announce tariffs on imports from china which has been blamed for funding the global market with cheap steel. lauren: meanwhile a top adviser to president trump stepping down. big news yesterday from the white house syndicate that part of the story from blake burman. >> the white house knows they just have different communication direct their. hope this announcing she will be resided within the coming week a part of the president's campaign from day one thing in a statement help is outstanding and is done great work for the last three years. she's a smart and thoughtful as they come from a truly great person. i will miss having a by my side when she approached me about other opportunities i totally understood. i'm sure we'll work together again in the future. the out of the blue live on kerry made in response to the shooting of stoneman douglass high school. this time from lawmakers.
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moving the age of long-term ownership of tort 21 years old challenge republican members not to be scared of the nra. >> -- great power over you people. i don't need it. what do i need? i tell you, they are well-meaning. i'm telling you, i think they are there. some of you people are petrified of the nra. reporter: the president prefers one to know that can get 60 votes in the senate. much of the debate on how wide of the net to cast in dealing with strengthening the national background check system. the president telling lawmakers not to worry about putting in language. dealing with the ending bump stocks as he will take care of that with executive actions. though he did warn, not including language as it relates to align for concealed carry reciprocity across state lines. that is something republicans in the house want to see. the president saying that is something considered for another
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day. back to you in new york. lauren: keep it simple so they can get something done. new details in the florida massacre on valentine's day as students return to stoneman douglas high school for the second day now. fox news exclusively learning during the moments of the shooting a commanding officer told first responders to stage instead of a perimeter outside of the building instead of immediately entering. stopping the gunman. this goes against broward county police training procedures which to call for immediate entry in an active shooter situation. still investigating what happened that day. train tomorrow. that is quite a a development appeared to major gun retailer increasing the age limit for buying firearms. lauren: tracee carrasco joins us more without. >> good morning. hours after the announcement from sporting goods, wal-mart saying it would almost raise --
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also raised its age restrictions to 21. two of the country's biggest gun sellers and have the parkland school shooting as the reason for that change. we take seriously our obligation to be responsible seller of firearms and require customers to pass a background check before purchasing any firearm. they would completely stop selling assault style rifle and its field & stream chain could wal-mart stopped selling those in 2015 intakes which has an offer of bumped stocks as it would stop selling high-capacity magazines. wal-mart doesn't sell either one of those. true to spot if i is doing an ipo in the usual way. >> spot if i has filed for its ipo. unlike a traditional ipo, no new shares will be offered when spot if i goes public. it will be a direct listing which means spot if i will
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simply let its existing shares about the markets find a price without think serving as underwriters to set pricing can allocate shares to investors and trading is a typical undergraduate listing. spot if i shares can be trading publicly on the new york stock exchange under the ticker symbol spot. lauren: getting more volatile. lauren: got to get to this kfc story. tomato sauce, gravy and what have you. i'm irish, lawrence italian. what's going on a kfc? >> we talked about this a bit ago. kfc were missing the sea, the chicken at stores in the u.k. all of the delivery problems have forced them to shut down because they didn't have any chicken. now there is a gravy shortage. 95% of the chain's restaurants in the u.k. are back up and running, some are serving a limited menu and gravy is
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nowhere to be found. they switched partners to dhl and there have been some issues in the process. taking it in stride apologetic to customers. kfc rearrange the letters. you can imagine what they are trying to spell there. lauren: what is worse? no chicken or no gravy. i'll get back to you with an answer. connell: that's what's going on in the world. lauren: investiture members today. they be thinking about the gravy all day. attorney general jeff sessions pushing back under criticism from the president. a look at the fallout from our fear that the political pain of getting warmed up as they speak. and a teacher taken into custody after firing a shot in a high school classroom. we'll be right back.
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♪ today, smart planning is helping the new new york rise higher than ever. as the world leader in unmanned aerial systems, we're attracting the world's best talent to central new york. and turning the airport into a first-class transportation hub. all while growing urban areas into vibrant places to live and work. across new york state, we're building the new new york.
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promising russians still reduce poverty, create jobs, rebuilt the nation's infrastructure. those are live pictures of vladimir putin. a georgia high school georgia high school teacher in police custody after allegedly firing a shot inside the classroom yesterday. jesse davidson locked himself inside a classroom alone, fired a handgun through window. he then surrendered after a 45 minute standoff with police. officials say the children were in any danger. many large employers traveled to college campuses each year to recruit entry-level workers. now there's a lawsuit against price waterhouse cooper arguing older job applicants are disadvantaged by that tradition. the companies is hiring decisions had nothing to do with age will follow that the work straight through the courts. lauren: thanks, carmel. attorney general jeff sessions pushing back on more criticism for the president. this time president trump lashing out on house sessions is
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choosing to investigate fisa abuse allegations by the abundant minutes ration against the trump campaign. this is what the president treated. why is age each of sessions that asking the inspector general will take forever, so prosecutorial power in his late with comey, et cetera. isn't the ig and obama guy? why not use justice department lawyers? disgraceful. just sessions responding to that we say we haven't initiated the appropriate process that will ensure complaints against the department will be fully and fairly acted upon if necessary. as long as i'm attorney general will continue to discharge my duties with integrity and honor in this department will continue to do its work in a fair and impartial manner according to the law and constitution. now that we got that out of the way, we much discussed conservative commentator and
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constitutional law professor, former george w. bush policy advisor and the cpa law and policy managing partner michael lauren and former prosecutor kenneth delta akio. good morning to all three of you. we will start with you, jenna. ladies first. >> he definitely has a point that in any sort of high profile investigation you never want to have an appearance despite the fact that ig horowitz was an obama appointee, that can cast the investigation is a negative light. he does have a point that sessions would probably be better off appointed special counsel or someone that is very independent just to make sure the american people have faith in the investigation because the law is concerned about legitimacy and public trust. if we don't have that in this investigation regardless of the
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outcome, that's a problem for the investigation. >> isn't that the purpose of the inspector general? even brit hume tweeted this. this is trunk that is worse. he's asking as the doj investigator himself who has lawyers and investigators at least enjoys the measure of independence from the department. turns still wants them to act as political goalie. >> break is right there, lauren. the inspector general by lies one whose object did an transparent. the job he has is to investigate allegations of abuse and misconduct in the doj and fbi. what that means as his staff do not work with the prosecutors and the agents at the fbi and doj. they don't have relationships to protect her friendships with the agencies that they would be investigating and so they have greater object to the deed, furthermore greater transparency because they report to congress.
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public knowledge plus the ability to take action politically thereafter. sessions is right to stay above the fray of politics and avoid the whims of the president and follow the law. lauren: the key. reports that president trump just doesn't like jeff sessions and it goes out of his way to berate him. the "washington post" is reporting that a call to mr. mchugh, basically saying he is elderly and just not capable. what do you make of that? >> i don't know about the mr. mchugh park, but i don't agree with my colleague over there. the inspector general is part of the entire political process. these people are all tied in together, all friends of each other, i'll know each other. more so the inspector general has so prosecutorial authority whatsoever. the inspector general however price job description has the authority to investigate.
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so let him inspect and determine if there's any criminal law or civil law violations. but that not enough. we need a special prosecutor in this case. the reason we need to prosecutors because the prosecutor can openly prosecute. here's a novel idea. the three of them in place. they are in internal affairs in this place. if there's ever a constitutional crisis and i hate to float on transfer of this phrase if there's ever one, there's one now because american citizens are being illegally surveilled in a court that ordinarily would have no scrutiny whatsoever. let's put a special prosecutor on this and find out if the fbi and department of justice have been issuing all of these warrants. lauren: want to get to this last part because we'll never couple seconds left. there's a photo of a dinner last night between jeff sessions and
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you can also see rod rosenstein matter, the deputy ag. handling the russian investigation essentially because sessions recused himself. is this to show solidarity against president trump? what do you make of this? >> you know, i don't know that it's really a show solidarity against president trump. he's been consistently calling for transparency. he's calling to make sure that the american people actually have trust. i agree with my colleague that we need a special prosecutor. we need to make sure this is in a partisan or political effort. regardless of the optics, president trump is right to keep harping on this point and making sure and making it clear to the american people that he's concerned about the legitimacy of the law here in protecting american interests. lauren: jeni, i can agree. good to see off this morning. >> thank you, lauren.
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connell: steve mnuchin in failing worker benefits of their paychecks. >> step number two is by lowering business taxes. that means that businesses can pay more. we've already seen that that in the impact of wages. connell: we'll talk about that in how you should spring clean your finances. the deal at the new tax bill is all ahead. plus the rain and a wintry mix for the northeast. janice dean on a nor'easter in the forecast. you are watching "fbn:am." we will be right back. ♪ ♪ hey, sir lose-a-lot! thou hast the patchy beard of a pre-pubescent squire!
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but what does it take to strengthen our service members? what does it take to let them know that we stand behind them, wherever they are? what does it take to bridge the distance and keep them connected to family, home and country? and what does it take to prepare them for their future, when their service to the nation is complete? what does it take to strengthen our service members so they can be the greatest force for good in the world? it takes a force . be a force behind the forces. share a message today at force dot uso dot org.
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powerful nor'easter coming to the east coast expected to hit cities from d.c. through new york harbor at the boston. connell: the airlines were in fair trade. janice dean react to them. >> and i are not happy with me so let's just deal with it. connell: nothing personal. reporter: i know that by the way. connell: happy march. reporter: you pretend very well. we are dealing with flooding potential across the mississippi river valley towards the tennessee and ohio river valley. that's a big concern. flash flooding is occurring. and then across portions of arkansas, mississippi and tennessee. that's the first part of the system. the energy will gather steam and give us our nor'easter. the coastal low overnight tonight and into tomorrow and behind it will be cold enough for snow. we could see some snow in the new york city area. if you live across the i-95 corridor, pay close attention to your local forecasters are they
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love you to do their best to bring you the latest information. along the coast we think it's too warm for snow so it's going to be a flooding concerned, coastal flooding concerned. but don't rule out the snow because if we get the cold air pulled in, we'll see significant snow north and west of new york. batten down the hatches. tranter and so confused. do i need an e-mail and explainer. un i would definitely do that for you. connell not so sure. lauren: thanks, janice. we have a lot more coming up. we all have credit card bills to pay. the u.k. does? harvey weinstein has a whopper of a bill to pay and american express want their money. if you fly southwest, they are increasing prices on one item you might really look forward to. we'll be back.
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>> we've got a long time about 10% and this is part of the normal ebb and flow of the markets. >> is going to be a really back-and-forth market without strong gains at all until we see a little more clarity at the end of the month. tranter two of the smartest minds on the market telling investors, keith, after stocks suffered their worst month in two years. connell: february just entered her 10 month winning streak or confer the dow and the s&p. the dow down for .3%. the s&p 500 was less than 4% for the nasdaq under 2% for a decline monthly. lauren: futures are down 70 no positive. dow futures down 100-point.
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all lies on new fed chair jay powell who heads back to capitol hill today. tranter in europe this morning, markets have been lower still down not as much as the other to the paris down 1.2% in germany down almost 1.5%. lauren: japanese stocks slumping. the nikkei down 1.5%. disgraced movie mogul harvey weinstein racking up over a million dollars on his amex card. american express wants to get paid as you might imagine. we'll talk about that. "fbn:am" continues right now. ♪ 5:30 in the morning. thursday, march 1st. and lauren simonetti. connell: welcome to march. i'm connell mcshane filling in for cheryl casone once again.
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we'll see how this month goes for the markets. it wasn't quite as bad as you might think. >> huge moves in both directions. a 10 month game comes down a little bit. thanks to the recent tax cuts come in many ways the larger paychecks to see if we want to make sure you're not getting too much of a pay bump because you might owe the irs money next year. trivia that's always a catch 22 coming tools to help you out. adam shapiro has the details. >> good morning. the irs and u.s. treasury department released a new w-4 form as well as a new w-4 calculator so that everybody can figure out if you're having the appropriate amount of money withheld from your paycheck to cover your taxes for 2018. remember, this doesn't apply to the taxes you're preparing to file this year. this is your income going forward to it for most americans the irs says you don't need to do a thing.
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but for two income families, for people to itemize coming you might want to use the new w-4 calculator to figure out if you're withholding too much money under the new tax law or if you need to withhold more depending on your income and where you live. all of this is part of the big tax reform law passed into law last year. secretary of the treasury, steve mnuchin is defending law seen as putting my money into the pockets of of americans as well as promising to bring about future pay raises. >> if we give more money to companies we expect them to do two things. we do expect that will increase wages so you're right. step number one was tax cuts to the middle class now. step number two is by lowering business taxes. that means businesses can pay more. we are to see that in the impact of wages. step number three is owners of these companies have more capital to invest whether it's a small business owner with the lowest tax rate since the
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1930s, they can deploy the capital. >> what it comes to your w-4 withholdings, most americans the irs says don't need to do anything. you can check this out on the w-4 calculator at the irs website for free and make sure you are not going to be caught having to pay more next year. after you. connell: the perfect time to do a little bring cleaning when it comes to finances. we have telephonic talks here with us this morning to help us out a little bit. good to see you, lynette. we will bring up any second the specific tips you have. first of all the reaction to add them as they are. this tax plan helps out regular everyday americans as the year goes on? >> we are going to wait to see. if you look at the bump folks will get in their paychecks, depending whose estimates you believe anywhere from $20 or so every pay period.
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so not life-changing, but certainly where we see the bigger impact is on the corporate side for companies that is giving bonuses, but also those who bumped at people's pay. connell: 100%. to some extent we underestimate how much it could help individuals if they get money back or give tips on spring cleaning. it's a good time to think about it from your finances. you talk about things like reviewing your credit report, cleaning up your credit, decluttering, giving the home a checkup, tackling your dad. talk about shredding financial documents. i was struck in some of your tips here how much the concept of identity theft works its way in. you've got to be careful out there. you have to take steps to prevent that. >> absolutely. you want to jealously guard your credit rating and 2018 not only because it came out of last year's equifax data breach, but
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you know, if folks want to do things the spring season, spring is a big homebuying event. and of course if you want to get a home loan, they will look at your credit report and you really need to have a good credit score. generally they want to see a 700 in terms of your fica score. 700 points and higher. that is one of the things you want to check. you can go to the annual credit report.com and get your report from experian, aqua fats, trans union. he is criticized by credit thoughtfully and they will give your credit score truly free, no credit card or enrollment in a plan or anything like that. just using it to check, to know what is my credit score and get some hits on how to boost it. connell: at the end you say to tackle your debt, which we always tell people. in particular, a lot of us over the holidays and at the root move into march we've racked up
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a decent amount of debt. >> absolutely. different studies show that some people carry their holiday dad well into the next holiday season. your previous segment just mentioned harvey weinstein. is that a whopper of a bill. a million dollars in credit card debt. we are not judging folks, but that would definitely have to tackle. it will affect your savings, network and your ability to invest in the future. trade give good advice, lynette. great to have you with us. lauren: i want to see the $1.4 million credit card bill looks like. best buy is one of those companies with a tremendous job of overcoming the competition in dealing with the different retail landscape. now they are downsizing, closing their smaller mobile phone stores. connell: tracee carrasco hewett batted more. >> good morning. best buy would be shutting down
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250 mobile phone stores and malls across the country. in a letter to employees, the cbo says the mobile phone business has changed, has matured and it costs more to run the smaller mobile phone booths in the mall than it does to run the larger big-box stores. because these mobile phone stores account for 1% of the country's total revenue. they will shut down by may 31st at employees that work there can help them find other jobs within the company. they can't get a severance and help them with other jobs outside the company as well. connell: wynette referred to this. a lot of harvey went in struggles, but this one is financial in nature. >> a pretty expensive though. american express is suing the weinstein co. for not paying the credit card bill leaving a balance of $1.4 million. american express sent monthly billing statements but they
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refuse to pay the balance. this comes two days after the company announced that he went to file bankruptcy and five months after cofounder harvey weinstein was accused of misconduct by dozens of women. no company dinners anymore. connell: that the mass. lauren: an understatement. southwest is making us pay more for drinks. connell: they've always been known for not nickel and dining. but they are raising their prices for drinks. they always had to have the $5 happy hour every hour but today you have to pay $1 to $2 more for alcoholic beverages. it'll run you $6 to $7, wine $6 liquor will be $7. this is about a dollar cheaper than some of the other airlines. see you are still getting somewhat of a deal. five dollars happy hour has a much better ring to it. lauren: i agree. nonalcoholic beverages do the
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same. why do people drink tomato juice on flights? connell: that is one of the big questions. they've done it since the dark ages. why don't they assign seats on southwest? and expand their base. you've got a run and get a c. jay powell knows all about this. last time he was on capitol hill he saw a big selloff in stocks. our next guest will tell us when the chairman is good for the markets. then there is this. wow, 65 shots in 15 seconds. we will show you more for my chaotic shootout in sam's disco. more to come. you are watching "fbn:am." ♪ they call him the whisperer.
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connell: a look at what is happening now on "fbn:am" at the securities and exchange commission ratchet up the pressure in the multibillion dollars crypto currency market at "the wall street journal" reporting agency issued dozens of subpoenas to technology companies warning that many tokens as for initial coin offerings as they are known may be in violation of security. bill hochman raising the white flag in its fight.
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it is largely exited his $1 billion back against the company, purple life. it isn't clear how much his capital loss betting on the stock, against the stock to go to zero, but likely the hundreds of millions of dollars. as for the start, 90 bucks yesterday to close. san francisco police to be releasing body camera videos of a shootout in which seven officers fired at least 65 times that a suspect who was holed up in an r&d on a residential street. the suspect was ordered to come up several times, but he fired two shots instead. [gunfire]
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79 connell: the suspect linked to a homicide car jacking. nobody was hurt. that is the story from sam's disco and elsewhere. lauren: scary stuff. february might've been a scary month for investors. stocks ending with the major s&p 500 turning in their monthly performances in two years. markets early in the week was jay powell's testimony for congress. the fed chairman returns today to testify at this time for the senate. other string than at the american institute for economic research president joins us now. good morning, edward had >> good morning, lauren. to expect he'll double down on what was before the house? >> will not sue inflation and solve all the worlds problems and delay. connell: did he make any rookie mistakes? >> a bit out of my house with monetary policy and we really need to be figuring out what is going on in his mind. the problem i have is long and
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variable lags. these inherited policy from the nike, for the island from a few years ago and maybe the inflation from derek's reaction is going to be showing up now. and we all have to be guessing what is going on in his mind. connell: it is tricky to be the fed chief. you don't want to spook the market and he has to figure out how it's going to talk to the community. do you expect any comments in particular i.d. regulating the bank that is not does into regulation as janet yellen. >> i'm going to read his mind and say yes. one of the things that i'm a little more optimistic about him on compared to yell and if he's less of a zealous regulator. the monetary policy is very similar. i'm not super excited about that
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and my understandability is less regulation and that's good for financial institutions and that's good for the average person. >> stock futures are down on the dow at the moment. on tuesday when he testified before the house, the market tanked 300 points. if you are saying -- >> a lot of this is priced in already and the big thing we have to worry about is inflation. they might just be sneaking up with the value of treasuries calling which means interest rates are rising and that can be due to expansionary monetary policy of the past. a weakening of the dollar can really affect anybody in a negative way. i'm the one hand this, on the other hand side. it can go either way.
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>> speaking of going either way, i told her viewers doubt futures were down 90 points. they really done 50 now. thank you so much. connell: shifted over to spores. johnny mantell back in the news wanted to make a comeback. you won't believe his offer to the nfl owners. and it was the worst month in two years for u.s. stocks. we've been talking about the carnage overseas. live to london to talk about god on "fbn:am." ♪
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lauren: houston rockets pay for a 14th consecutive win last night. tragedy all-star james harden made it there. max. >> good morning, connell. this is what they call a crossover basketball. as they say in terms james harden broke james harden requested johnson's ankles. last night with his moxie after his fancy footwork to get trump by his own feet. >> doubling up the clippers, cleanup on aisle three. someone call someone because there's a cleanup on aisle three. amman is down. lauren: man is down, cleanup file three. seven more than the clips about pointing used in one of 14 straight. the last time these teams met after the game the rockets players tried to storm the clippers locker room and was suspended. the clippers would leave
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anything to chance. doc rivers said this. this kind of barricaded off the secret passage ways and we'll build a wall and i'm not paying for it. houston is paid for it. for my high school quarterback johnny manziel says he is sober and bipolar trying to resurrect his football career. manziel reportedly in touch with nfl coaches. how bad does he want yesterday, tweeting i'll play again for free. done about the money. it's about getting back to doing what msn laws. he is open to signing a contract as well. the boston red sox have filed a petition with the city of boston to rename the street outside fenway park to its original name, jersey street because of ties to former owner tom yockey. red sox said in a statement this is intended to reinforce fenway park is inclusive to all. the charitable contributions in
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recent times is having no part of it like they responded something differently saying this is a narrative and they don't want to see it happening. "usa today" conducted boundaries. a .98 million right behind john calipari, chris holtman on their as well as tom izzo. those are some big numbers. connell: how to does compare two players the way things are going. thank you commensurate. not bad at short notice. fox news headlines 24/7 unserious xm channel 115. lauren: all right, we will be right back. ♪ today, innovation in the finger lakes is helping build the new new york. once home to the world's image center, new york state is now a leader in optics,
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photonics and imaging. fueled by strong university partnerships, providing the world's best talent. and supported with workforce development to create even more opportunities. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.
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connell: welcome back. scott shalit he joins us now with a look at stocks in europe. i totally thought it was added in the u.s. in the month of february. worst month in two years for the market. dow and s&p way worse in europe. >> u.s. the bakery across the board between 2% and 5% for the month. here's where we stand. to put things in good, the u.s. has stopped quantitative easing and raised rates.
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europe and japan are both still on this massive easing plan and i've yet to raise rates. we are doing fantastically well considering raised rates. that makes us really look like the white city on the shining hill. lauren: yeah, that certainly puts it in his. testifying again on capitol hill before the senate, would you want him to say? what can, investors because we've seen this amazing volatility the past few months. >> it's all about the middle. wall street talking about recalibrating. it's recalibration to normalization. what's in the middle of the velocity of change every. abc does move quickly higher to the upside, not that gave us our first wobble.
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if powell can somehow show the world what this world is going to look like, slowly but surely with a trend in higher rates over time we would do well to hang onto her gains. it's all about the velocity in the middle. not the recalibration or normalization. worry about the speed of change. lauren: the speed at which they save rates. i've got a tattoo that the u.s. dollar. what can jay powell say today that would move the currency? >> the currency for the short-term as a bottom so i don't think it's that big of a deal. we see in the europe and the pound as of late. some folks really like it, but i think it's not a really good idea especially not when the raise rates. you know you can do to make a dollar stronger right away as raise rates. he has to give their verbiage to make folks think they will raise and strengthen the dollar. lauren: scott shellady, thank you for joining us. we say good morning to maria
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bartiromo, mourning said maria. >> good morning, lauren. even a few minutes. thanks for joining us. i maria bartiromo. 6:00 a.m. on the east coast. the winning streak snapped. the dow industrials on a sour note folly nearly 400 points. the worst month since january january 2016, snapping a 10 month winning streak for both indices, the longest since 1959. features this morning, let's take a look at what's happening right now at the declines continuing. one quarter 1%. the s&p 500 for point s&p 500 for a point by the nasdaq weaker by four points. investors will be watching key remarks from federal reserve chairman jay powell once again on capitol hill testifying this morning before the senate banking committee. in europe across the board a look at the clients here. down one half of 1%. 35 points lower. 52 points lower in the dax index
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lower by one and a quarter% cut is 175 points lower in germany. in asia overnight, south korea was closed for a holiday. japan worst performer down on the nikkei average. don't be afraid to president trump telling lawmakers they need to come together on gun control regardless of outside pressure. >> a lot of people are afraid of the issue raising the age for the west end to 21. i think you're going to have to iron out. i've asked that question more than any other question. are you going to 21 or not? >> companies take matters into their own hands. wal-mart following the latest sporting goods and it will stop selling guns to anyone under the age of 21. when the changes retailers are making. the administration
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