tv FBN AM FOX Business March 22, 2018 5:00am-6:00am EDT
5:00 am
good to see you. that's it for us tonight. thank you for being with us. tomorrow not ed rollins, greg jarrett among our guests as we focus on the deep state. please be with >> this was major and i'm really sorry that this happened. we have a basic responsibility to protect people's data. if we can't do that, we don't deserve to have the opportunity to serve people. lauren: after five days of silence for mark zuckerberg admits to mistakes and how your data is shared. is that apology enough? >> at the trump administration gets ready to rock tariffs on steel and aluminum, and china prepares to retaliate on tariffs with farmers. lauren: federal reserve hiked interest rates and signals more to come. the guy was sent 250 points but
5:01 am
ended the session down by 44. train to stock market lower overnight in the wake of the rate hike. the industrial average going to be down 100 points here. the s&p 500 down as well and the nasdaq down on the two appeared stockstill traded lower after the fed rate increase. investors are focusing on the bank of england policy meeting. the biggest decline down half of 1%. trade to investors return after a one-day holiday in a bullish mood. the nikkei up 1%. and china's shanghai composite falling half a percent. trade for inflation and you're covered. cheerios to be more expensive. "fbn:am" starts right now. train 25:01 a.m. in new york on thursday customers 22nd.
5:02 am
i'm gerri willis in for cheryl casone. lauren: hey, gerri. thank you for joining us. i'm lauren simonetti. punitive measures against china today for the countries unfair trade practices. measures are expected to include restrictions on chinese investment in steep tariffs on chinese goods. china has been accused of violating intellectual property rights by pressuring american companies to transfer their technology and trade secrets. train to beijing now expected to retaliate. the commerce ministry says the country must take measures to protect its interests in "the wall street journal" reporting that china is looking to impose tariffs on u.s. agricultural exports like soybeans and hogs targeting our farm belt and a good part of donald trump space. eight of 10 top agricultural space and for donald trump. for more on this trade direct or commit peter navarra will be in mourning said maria at 6:30 a.m.
5:03 am
eastern time. you won't want to miss that. lauren: breaking overnight, congressional leaders unveiling a one-point $3 trillion deal to fund the government through september 30th. it includes $126 billion the president transporter while. for the 6 billion to address the good epidemic coming to the industry and school safety. it does not include steps to protect a dream return to being deported. lauren: president trump supports the legislation. one played 6 billion to start a ball and southern borders. rest of the forthcoming. more importantly 700 billion to rebuild our military 716 billion yesterday. had to waste money on dead giveaways for military increase in new equipment. lawmakers must pass the bill by midnight friday. looming deadline, lauren. lauren: double billing.
5:04 am
happy reading, lawmakers. the federal reserve raising key interest rates by a quarter percentage point. this is the first rate increase at the year in the first policy meeting under the fed's new chairman, jerome powell. the fed penciling into my rate hikes for 2018 and three for 2019. >> make it a policy decisions over the next two years, we will have been 2% increase on expanding economic inflation and a strong labor market. the committee to come committee to cover further increases will best promote these goals. lauren: policymakers discuss the potential had been facing the economy and it's a big one on the issue of trade with the trump administration steel and aluminum tariffs set to take effect tomorrow and possibly against china being announced
5:05 am
today. gerri: a trade war. mark zuckerberg announcing with an apology that his company may need to be regulated. they released a statement that the massive case of data misused on their site saying they will give developers bus access to user information. >> i think the question here is our app developers come the people given access to their data doing something people don't want to miss selling the data into way people don't want. this is something that i think we now need to go figure out. the good news here is we are to change the and 2014. before that, don't be absurd that access to data and we can look at the pattern of their data requests. based on not come within plot are pretty clear pretty clear sense of whether any one is doing anything abnormal.
5:06 am
lauren: he conducted a round of media interviews or he'd be willing to testify in front of congress. the facebook ceo cannot agree that russia got billions on user data. he admits this problem is that something you would've predicted when he started his company from his dorm room. multifamily addressing the public, they are still dealing with major backlash. two class-action lawsuits have been set against facebook. when the users come when the shareholders. the ftc is moving forward with their investigation. faced with traded lower as it has been for days. lauren: athos tens of billions of dollars. in that time zuckerberg was silenced, facebook stocks plummeting in value, raising questions as to why it took five days for him to respond. the talk about it with business consultant and university of maryland economist peter murray g. good to see both of you this
5:07 am
morning. hillary, let me begin with you. are you satisfied with mark zuckerberg's response? >> absolutely not. the way they should look it up for their companies, experts know on the crisis communication is important in that peacetime that's when you prepare. as kennedy said, the best time to repair a roof is when the sun is shining. importantly, zuckerberg at facebook had every opportunity before 2012 to prepare for such a crisis. this wasn't an overnight issue. they were prepared. they did not have the crisis communication skills online. it is now looking like hyper hypocrisy because they were reporting to be the facebook friends and family and find. instead, they are the machines for their own power, for their own political bias and that is that the outrage is actually about and that is bad branding, bad for the stock, bad for the
5:08 am
consumer end-users don't like the fact they were very lax with our user data and vigilant with their own acuity -- lauren: do users really #delete facebook or is facebook so ingrained in our daily lives that we are going to stick with it and accept the fact we have no privacy. >> welcome would have to accept the fact that her privacy is compromised when we choose to be on a social network. however, how compromised will it be? this goes much further than crisis communication. the reality is they don't know what correct behavior is. for example saying about the regulations meaning he wants one of my students hauled in for a fraternity prank and say this is irresponsible behavior. call a professor morici, i know there's room for improvement. what should i do to improve? reading how do i'd not be
5:09 am
irresponsible. these guys skipped over adolescence. if the board of directors that facebook is serious about preserving shareholder value, now is the time for the exit of the ceo and also shake up of management to change the corporate culture and start recognizing that it is in charge of a lot of very sensitive data. it knew all along that he was given access to your personal data, too many people who then could give access to others so it lost control. trying to get that back as the parable of the mustard seed. it just can't be gotten back. lauren: one followed before we go about hillary, for you, peter, the way it is structured mark zuckerberg has control. what changes can be made so he loses some of that controlled and i believe he just argued is no longer chief executive. i thought you were saying he should not be. lauren: he is the chief executive. i don't think you should be.
5:10 am
this is not about crisis communications in structure. a lot of companies have ceos with a lot of control but they hire people who are responsible and they are themselves responsible. >> he's an expert at this. he is not an expert at this obviously because now he's shown his colors. my point was you have to be prepared in a situation like this. what you are saying is totally correct. however they're not prepared and it's shown as business executives who should've known to have experts before all this happened a long time ago because every executive knows to be trained in every situation than they were. lauren: zuckerberg is 33 or so it is that in this apology i was young. i didn't know. i have a major company. >> this is what's important. they really shown their colors
5:11 am
and that's what the outrage is about. their brand is no longer. >> guys, we can talk about this for hours. we have more news. >> is not a retrievable. you have to get competent management in there. facebook provides a service people find valuable. all its subscribers. >> not to be -- >> you keep interrupting me. he had plenty of time and called into question my expertise, which i don't appreciate. it is much more than crisis communications here. there's a substantive problem in which the management views is correct. incorrect behavior. i can only be changed by different personalities. not by nearly training them. >> right, but it's not just personalities. it's what they purported to be made below the brand and they've been exploited for what we thought we been doing. the issue has been exploited.
5:12 am
and you're right, super personalities, different people, but it's about the actual fundamental brand issue. lauren: hillary, peter, thank you guys so much. thank you. >> thank you. gerri: general mills will be bumping up prizes to deal with rising costs. ingredients are costing more in shipping costs are eating into profits. cheerio and you'll play yogurt maker says costs in north america where near 20 year highs in february. the company lowered their earnings expectations in response. general mills shares down 15 years today. the austin bomber leaving behind a chilling recording detailing his deadly deeds. listing. >> on this recording, the suspect described as six bombs that he constructed. gerri: we will go live to
5:13 am
5:16 am
former president nicolas or kersey has been charged with corruption come accused of threatening as 2007 election campaign with the late dictator moammar gadhafi peer papers would violate the rules against foreign financing. sarcozy is denying. russian president vladimir putin. >> the president's talk to the kings and emperors and tyrants regardless of whether or not they were elected with any kind of democratic process are not. gerri: panetta added trump should work to find common ground with putin. stunning -- to video shows the deadly collapse of a pedestrian bridge at florida international university. the video posted on youtube captures the moment the bridge comes crashing to the ground
5:17 am
crushing cars blowing killing six people. was installed march 10th, 5 days before the collapse and that is what is happening now. lauren. transfer the austin bomber leaving behind a chilling recording detailing his deadly deeds and now his family is speaking out. live right near the bombers home and pfugerville, texas. tough morning, todd. good morning to you. reporter: good morning to you, lauren as well. one of two scenes of intense at dvd. the other being where the bomber blew himself up in round rock. take a look over my shoulder, the atf vehicle, the board about home of the bomber and a number of law enforcement securing the scene. by the time the day was done yesterday, authorities had uncovered a lot of ball materials and of course the confession tape. >> i know everyone is interested in a motive in understanding why
5:18 am
we are never going to be a would've put a ration behind these acts. he does not at all mentioned anything about terrorism, nor does he mention anything about hate. but instead, it is the outcry of a very challenged young man. reporter: in the 25 minute cellphone confession, 23-year-old mark conditt discussed future targets he wanted to attack. all seven of the bombs have been found, but adding that the community should still remain vigilant. in the meantime, you certainly put out a statement they were in grief and shock and had no he added darkness that mark must have been made. his and spoke to reporters. >> this is just a horrible, horrible thing. you never know. it's just awful and i'm so sorry everybody is dealing with this. i mean, he was at my christmas table. he was a great kid.
5:19 am
he was smart, loving and kind. i have no idea who this person is. reporter: neighbors i spoke to describe their interactions with the killer. >> i found a few times. we waved. i saw him once but he was quiet to himself. >> i've seen him before. i didn't know that was him. i just saw a wig and a cab. i've seen him before. i'm surprised. you know, you don't know who you're talking to anymore these days. reporter: and this is not the only area on edge. yesterday a suspicious package in los angeles with an austin address. turns out the bomb squad checked it out and it is not a threat. gerri and morin, back to you. gerri: the fourth nor'easter blanketed the east coast. we are in the of that.
5:20 am
>> it got split in half. i'm ready for spring. i'm ready for vitamin d. >> not supposed to snow here because it sprang. gerri: look at nor'easter number five. fox senior meteorologist janice dean has the forecast i may not. you are watching "fbn:am." ♪ (vo) technology moves fast. you can move faster. the 2018 audi q5 is here. the only vehicle in it's class with standard
5:21 am
apple carplay integration for your iphone. today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent. 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.
5:22 am
to grow your business with us in new york state, retail. under pressure like never before. and it's 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.
5:23 am
comcast business outmaneuver. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. lauren: i was on instagram yesterday and everybody posting these pictures with happy spring of them in the snow. when he thought winter was officially over, and other storm may be on the way. gerri: guess who is here to explain. fax meteorologist janice dean.
5:24 am
punxsutawney phil here is getting a lot of credibility because he actually called more snow. credibility or anger. reporter: we are talking about locking him out. let's take a look at those current snowfall totals. we look at more of them as the day progresses, as the snow continues to happen across new england. over a foot in parts of pennsylvania, maryland, west virginia is always a foot in parts of new york and new jersey and new england. we will be certainly tracking the storm, what is left of it. i just got word that school is closed where we live. hopefully my husband will stick around until i get home. the last 24 hours you can see the storm sticking around new england and potential for another one this weekend. we will keep you up-to-date. the light snow still coming for parts of long island towards
5:25 am
newport in boston. the school is out in boston as well. we will say goodbye later this afternoon. i also want to make mention we want to point your attention to the california coastline because heavy rain and flooding is concern in arab actuations underway. another big story we will monitor. in making the paycheck this week. lauren: at mr. dean, we thank you for all of your work. reporter: has been shuttling the poor guy. gerri: mine, too. i feel a little guilty. the crocuses are coming up. reporter: i hope they don't freeze. gerri: they'll be okay. they are hardy. lauren: coming up, after this sad incident when the puppy died in the overhead bin of united airline plane, the ceo of the carrier finally speaking out. when they can detect smoke.
5:26 am
we'll have that story when "fbn:am" returns. ♪ ♪ (shrieks in terror) (heavy breathing and snorting) no, no. the running of the bulldogs? surprising. what's not surprising? how much money aleia saved by switching to geico. fifteen minutes could save you fifteen percent or more. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.
5:28 am
♪music ♪yea, you can be the greatest ♪you can be the best ♪you can be the king kong ♪bangin on your chest ♪you can beat the world you can beat the war♪ ♪you can talk to god while bangin on his door♪ ♪you can throw your hands up you can beat the clock♪ ♪you can move a mountain you can break rocks♪ ♪you can be a master don't wait for luck♪ ♪dedicate yourself and you can find yourself♪ ♪standin in the hall of fame ♪yea ♪and the world's gonna know your name, yea♪ ♪and you'll be on the walls of the hall of fame♪ ♪you can be a champion ♪be a champion ♪in the walls of the hall of fame♪ ♪be students, be teachers be politicians, be preachers♪ ♪yea, yea ♪be believers, be leaders, be astronauts, be champions♪
5:29 am
♪standin in the hall of fame >> i'm proud to announce it will make vitally important objectives. lauren: a bipartisan budget deal. they have until midnight tomorrow to pass it to avoid a government shutdown. live to d.c. gerri: the fed increases interest rates of the more aggressive policy on rate hikes at the dow losing 44 points after the rate hike announcement lauren: how investors feeling this morning? the data selling off 35 points. gerri: stocks open lower after the fed rate hike. the bank of england policy meeting. right now european markers down as you can see and the dax in
5:30 am
germany were stunned this morning. lauren: trade a big issue affecting asian stocks. investors in japan returning after a one-day holiday. up 1% in china appeared the shanghai composite losing half of 1%. trade to half a million smoke alarms being recalled because they might not detect smoke. what you need to know just ahead. "fbn:am" continues right now. lauren: good morning. 530 in new york. i lauren simonetti. tranter and gerri willis and for cheryl casone. good to be here with you. lauren: straight to the news this morning. funding the federal government through september 30th. lauren: griff jenkins flied in
5:31 am
washington redid all 2300 pages. good morning. reporter: good morning, lord and jerry. remember when you haven't started your reading list the last night of summer. time is not on their side. let's look at this bill paid 700 billion for defense plus a pay raise on veterans affairs. 1.6 billion for the border wall. anything for obamacare civilization and there is no daca fix for the dreamers. the white house is on board with this. had to waste money and giveaways in order to take care of military pay increase in the equipment. speaker pauline says the legislation for fuzzy pledge to rebuild the u.s. military and addresses a bunch of other critical priorities. no bill of this size is perfect. chuck schumer says every bill
5:32 am
takes compromise. there's plenty here but at the end of the day we feel very good because priorities for the middle class were included. everybody's happy, right? not so. the house freedom caucus says this. >> we continue to find sanctuary cities and planned parenthood. we don't build a wall, but we put money in for a tunnel. i'm not very optimistic there will be conservative when senate. reporter: the house hopes to get to the floor for a vote. buckle up it's going to be a long few days. for comparison, 32 pages in the bill. if we take 6:00 a.m. in 30 minutes, only 2521 minutes until midnight tomorrow night. >> my head hurts, griff. just give me the cliff note version.
5:33 am
lauren: will congress finally be able to make this deal? are we cautiously optimistic? robyn biro, good morning to you young american for liberty president moloney. you just heard chris report. are we cautiously optimistic about this bill, the spending bill? >> absolutely not. $1.3 trillion. all i can say the lake of rand paul and senator massey. this got to be some sense of rational conservatism in d.c. and the $1.3 trillion on abysses every name when they campaign for congress and its crazy for me to think they are going to get away with passing the budget to bust the budget caps, that funds more gun control. these are the things they ran against. the house freedom caucus will
5:34 am
runs strong could i'd like to see this brought to a more fiscal conservative plan. >> does the government shutdown tamara at midnight, 12:01 a.m. saturday morning. does that happen or do they kick the can down the road and agree duo city guide right ahead of the november midterms? >> lauren, we cannot afford to kick the can down the road again. i am right there with you, especially with rand paul. be subjected for the military because there is no cap. and the fiscally conservative democrat if there is such a thing. but you know, like i said, we can't afford to kick this down. the thing is headed towards the midterms, lawmakers are really looking to push their own agendas and i think what we will
5:35 am
see today is a big disparity as far as who gets what because there is such a divide within the party. lauren: there is no deal on daca ms, but the democrats did get something significant. they got no new concrete for the border walls. but republicans in the administration got was $6 billion to start construction funding 33 miles to start, but democrats said we got no concrete to be used, which is what they wanted and they also wanted limited immigration enforcement inside the u.s., which include no punishment for sanctuary cities. what you make of that? >> paul ryan and mitch mcconnell has to go. they represent everything wrong with washington d.c. and this bill just paints the picture. i don't know how you run for office and tell the country are cutting spending and then you come out in front of the
5:36 am
cameras. they get in front of the cameras, both sides and say we shouldn't be funding this. we should be funding our priorities. what happens every time? they go behind closed doors and shake each other's hands. all for spending through the roof. what is the whole purpose of the republican caucus? are they trying to cut spending? you can't lose your principle and then tout the small but reason you've got $21 trillion worth of debt. republicans are going to lose in the future if they continue to run as fiscal conservatives, get a life did and see the sky rocket spending. lauren: final 10 seconds are all yours. >> i echo exactly what he said. the republicans, this goes the way it is, republicans are in trouble in the midterms. lauren: gentleman come is so good to talk to you guys.
5:37 am
gerri: united airline ceo oscar munoz's speaking out with the death of the 10 -month-old puppy so controversial on the flight last week. hillary von joins us more with that. good morning, hillary. >> good morning, gerri. the head of united airline said something went really wrong when a 10 -month-old puppy was placed in the overhead and on a three-hour flight and none was found dead on arrival. the move was a mistake and should have never happened and they are taking the matter very seriously. >> we got it wrong last week when a terrible event happened with the family pet. >> it should have never, ever happen. >> nature under -- a line under major. this is senator pat trouble plan. there are 4% year-to-date. >> the program or you can put the animal and cargo until may.
5:38 am
we are hearing unfortunately more layoffs coming to the media in this tree. this time it "time" magazine? >> that is right. meredith corporation is laying out 1000 people. they are trying to save $5 million in costs over the next two years, so this is part of that. layoffs will happen over the next 10 months. the company is considering selling time inc. titles, "sports illustrated," fortune and money magazine. tom hardy says the plan is to have all for publications sold in the next two to four months. train to a massive recall a smoke there is. i don't know who should be neither. what's going on there? >> half a million smoke detectors are being recalled in the u.s. and canada from the sun now is the good time to listen up and check your smoke alarms. the manufacturer says a flaw has tampered with the device's ability to detect smoke or the
5:39 am
recall and clothes detectors sold at home depot, wal-mart, amazon.com and other home and hardware stores across the country friends at number 2016 to january 2018. if you have one of these models, contact kid to receive a fire detector replacement in the mail. >> thank you for the information. former vice president joe biden says he would beat the out of president trump's high school. what made him so angry? plus, how this decision could affect the stock market this entire year. is this a buying opportunity? we will weigh in with our panelists. ♪
5:42 am
lauren: welcome back to investors though digesting what the fed did and said yesterday, but also the issue of a potential trade war that the administration might it not tariffs against china today. the dow was down 157, looking at features. the nasdaq fake book news, down 75 points, which is 1.1%. former vice president joe biden throwing jabs at president trump. he said this at the university of miami tuesday. >> when a guy who ended up becoming our national leaders
5:43 am
that i can grab a woman anywhere and she likes it and then said i made a mistake, i did make a mistake, but they asked me if i would like to debate this gentleman. i said no i take him behind the gym and beat the out of them. republican candidate brick saccade conceding eight days after the election. connerly and squeaking out a victory by less than a thousand votes in the district that president trump won by more than 20 points in 2016. mgm ceo barbour has been fired after disagreeing about strategies for the growth going forward to one person says barbara was wind cited by the news. >> futures point to lower open today. what should investors keep in mind now that the federal reserve has raised rates and signaled heights. michael lee joins us now.
5:44 am
good morning. good to see you. the fed doing exactly what we expected, instituting a four-point rate hike. but their forecasts for gdp growth, growth of inflation higher than they were in the last meeting. lower unemployment breaking below 4%. what should investors make of this progressive new fad? >> well, the first thing people need to keep in mind is the reason they are raising interest rates because the economy is getting stronger. the economy getting stronger as good for the underlying stock market. i make the argument interest rates have been far too low for far too long in the past in organizations where the rates get somewhere and gdp is stimulative. the sabres are going to make a little bit more money whether it be the checking account, savings account or short-term bonds. also, the interest margin banks
5:45 am
will start going through the roof. this allows them to lend more money and make more money on loans, allowing them to increase the flow of capital to our economy. the next four to five to six races from the feathers emulated for the economy. i think it is going to introduce a lot more volatility in addition to open party scene. >> good for investors of what you're saying and two more rate hikes this year, three more next year projecting out into 2020 more rate hikes. are there any other benefits you want to mention? >> we are so far away from slowing down the economy in terms of the interest rates. we need to be about gdp on the short end. maybe eight or nine to ever actually in that restrict it stands. i think any weakness is a nice buying opportunity for individuals with cash on the
5:46 am
sidelines. gerri: one thing could slow the market down, the economy down as a trade war. china prepping retaliatory trade measures, talking about putting some kind of terrorist and american farmers. soybean producers, hog producers and a big source of trump support. some people out there are saying look at the end of the day. this could mean there were two coalitions. one supporting china, the other supporting us. what would be the impact on the market? >> i think these terrorists and short-term trade spats are short-term pain for long-term gain. the freest and fairest trader in the world if we start sobbing these on other countries, it's a negotiating stance to get hotter deals for exporters. you don't want to get in a trade war with the united states. it's like me get in a boxing match with mike tyson. it's inevitable he will knock me out quickly. imports would be the third or
5:47 am
fourth largest gdp in the world. our trade deficit would be six to seven. we are an import country and anybody that wants to dance with us is going to deal with it a lot more than we are. a short-term negative for long-term positive. >> the richest consumers in the world. thank you for coming on. appreciate it. lauren: 16 for the ncaa tournament starts tonight. jared max richter sport highlights coming up. an interest rate hike in may. we will go live to london for a preview of the meeting today, which by the way is killing the ftse 100, down sharply. this is how your investments are trading right here. we are seeing two thirds of a percent of the dow industrials futures. the nasdaq down to 1.1%. be right back. ♪
5:48 am
this is a tomato you can track from farm, to pot, to jar, to table. and serve with confidence that it's safe. this is a diamond you can follow from mine to finger, and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.
5:49 am
this is the ibm blockchain, built for smarter business. sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's 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.
5:50 am
5:51 am
gerri: welcome back to "fbn:am." it's been a few days, but the ncaa brackets are back in action. lauren: we have a jared is going to be doing tonight. here now with other sports headlights. >> minus bust it, too. for your dancing shoes on. the sweet 16 with four games in four more tomorrow. two games in the 7:00 hour. look at the schedule tonight. loyola chicago against atlanta followed by texas a&m against michigan. and the 9:00 eastern time hour, the south region in atlanta, kansas state plays kentucky and gonzaga goes up against florida
5:52 am
state. bidding to buy the nfl carolina panthers and jerry richardson has reached a figure with never before seen. $2.5 billion, 200 grand more than "forbes" valued the panthers last year. our passing interference penalties too long sometimes in the nfl? reportedly discussing a college style format it 15 yards for pass interference. 14 months after settlement was reached, upwards of $1 billion to ask dollars to ex-players who suffer debilitating brain injuries. many players, particularly those with dementia cases claims they have not been paid or do not stick to the courts in a filing that accuses the nfl is throwing sand to avoid making payments. the nfl vehemently denies it. the settlement system prior to the dna is with the league is doing here, making a settlement in name only.
5:53 am
the nfl says no way. more than 1700 ex-players in the settlement, 1100 plus with dementia cases and six have been paid throughout the first year, well below what the nfl projected. dwight howard of the charlotte hornets. with no nba player had done since 2010. 32 points in 30 rebounds. the hornets beat the gnats. ignite for dwight howard. gerri: a big night for you. >> a lot of college basketball. lauren: ketch jared sports reports 24/7 and sirius xm channel 115. gerri: stock futures to a rate hike yesterday. a potential trade war looming good live to london to find out what is next straight ahead on "fbn:am." ♪
5:56 am
gerri: one day after the federal reserve introduces its rate hike of the year, the bank of england wayne nunn on it own rate hike. scott shellady joins us now. are they going to join the fed in deciding what they are going to do? >> i think they are going to do that in may. so far all the signs point to
5:57 am
the fact he will hold rates where they are. the bank of england are a lot like the fed, but we are about 18 months behind. because to show you how great the u.s. economy is that we've been able to stop our bond buying programs and raised interest rates are the closest one would be the bank of england and they are just now starting to think about emulating our moves. may is the time we raised interest rates here, but it looks as though things are starting to boom again. lauren: u.s. markets are down. i'm going to let you run with it. what do you make of the zuckerberg apology five days later about sharing our personal information on facebook? >> here we go. ready? where is the outrage? we are talking about facebook. 50 million accounts.
5:58 am
a koufax had a breach of 150 million accounts. your credit card details, bank account and god forbid your social security number. 50 million people on facebook are outraged. i don't like any of that information getting out to anybody. it's still bad, but the information is your favorite color, which you have for breakfast this morning in that photo of you with rabbit ears and a bunny nose. lauren: i was having difficulty logging onto facebook and to verify me yesterday they asked me to scan either my passport, driver's license marriage certificate or national i.d. card. >> well, let me tell you the difference between facebook and a koufax. you needed to buy a house, buy a car, but you can be very democratic about your facebook organization. gerri: we are running out of time my friend. love you, talk to you soon.
5:59 am
>> would need to check ourselves a little bit here. we need to have a bigger equifax issue. lauren: thank you, scott maria bartiromo, that is your top story today. >> great to see you, lauren, see you in a few minutes very happened thursday. i maria bartiromo. thursday, march 22nd. 6:00 a.m. on the east coast. apologies that is. mark zuckerberg finally speaking out over the company's current privacy scandal, calling it a major breach of trust. >> this is a major breach of trust and i'm really sorry that this happened. we have a basic responsibility to protect people's data and if we can't do that, we don't deserve to have the opportunity to serve people. >> a technology and he says he's going to testify before congress if necessary. lawmakers have reached a tentative agreement on a $123 trillion spending bill.
6:00 am
do they have the vote? the latest is congress scrambles to pass a bill before midnight tomorrow. trade crackdown. president maria: in a $60 worth of strip tariffs on chinese imports this afternoon. over concerns of a possible trade war. i will speak with the white house national trade council director peter navarro later this hour in what the president will announce today at noon time. futures pointing ahead of the announcement communicated the dow will open 160 points in two thirds of 1%. the nasdaq up 70 points lower. dotzler yesterday of course yesterday of course selling of accession with the federal reserve raised interest rates for the first time this year under new chairman jay powell. yesterday the market was down across the board down 45 points. nasdaq down 19 and the s&p 500 down five points. stocks are lower. investors watching the bank of england due out in about two hours from
117 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1864775789)