tv FBN AM FOX Business April 13, 2018 5:00am-6:00am EDT
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i'm trying to end on a light note. perhaps that wasn't it. i for one thing a pause is correct. and coulter and new warping from russia. we will go live to washington in a moment. lauren: momentary cooldown in global tensions. we had the dow up almost 30 points in the end. cheryl: this morning bank earnings will be a big focus. ahead of that mix bag for futures. nasdaq is down slightly.
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lauren: in europe investors watching all of this easing concern over syria, stocks in europe mixed as well. positive in paris and germany. cheryl: in asia mostly higher. if china shanghai composite slid over half a percent. lauren: espn launches biggest product as they try to catch up. fbn:am starts right now. cheryl: and it's 5:01 a.m. in new york, it is friday april 13th, good morning, i'm cheryl casone. lauren: that's a spooky date friday the 13th. cheryl: a lot happening this friday, what another volatile week for the market, i like seeing the futures even this morning, i'm not going to lie, a
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volatility free day would be good. lauren: breaking news this morning, the world waiting decision on syria after alleged chemical attack killed civilians there. cheryl: he cannot exclude war between his country and the united states. blake berman live in washington with the latest. blake, good morning. blake: the president still continues to weigh his option in potential path forward in syria. yesterday the president con vine with national security team, afterwards white house press secretary sanders released quote, no final decision has been made, we are continuing to assess intelligence and are engaged in conversations with our partners and allies, the white house also said that the president would be speaking last night with the french president emmanuel macron and british theresa may. uk spokesperson said the following in a statement that, quote, they agreed that it was
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vital that the use of chemical weapons did not go unchallenged and on the need to deter further use of chemical weapons by the assad regime. the president yesterday at least publicly remained noncommitted at one point saying, we will see what happens. >> we are looking seriously and we will see what happens, folks, we will see what happens. too bad that the world puts us in a position like that. blake: the president is here in washington today tat white house to schedule only shows his intelligence briefing at 11:15 p.m. this morning and the schedule is wide open after that. lauren and cheryl that will allow him to spend some or possibly all of his time on the situation inside syria. cheryl: all right, well, a lot developing possibly today. blake berman in washington. thank you so much. lauren: a team headed to syria. we also had this breaking
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overnight, russia ban import of americans goods and services, targets software, farm products, tobacco and alcohol, russian lawmakers proposing ban on cooperation on atomic power, rocket engines and aircraft making, all of this after washington imposed new sanctions on moscow. cheryl: also breaking this morning, president trump tweeting on trade last night, again, big market-mover quote, would only join tpp if the deal were substantially better than the deal offered to president obama. wewill have bilateral nations ad working to work with deal with japan who has hit us hard on trade for years. lawmakers have expressed concerns about trade disputes.
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>> the president is a guy who like to entertain a lot of ideas but multiple times reaffirmed the point that tpp might be easier for us to join now. the president multiple times reaffirmed in general to all of us and looked right at larry kudlow and said, larry, go get it done. lauren: larry kudlow was tamping down those expectations. >> there's a lot of concern about exports and market opening. i don't know how the tpp is going to come out. we haven't started deliberations, we will take a fresh look at it, lou, one of the goals has to be economic growth, rising wages an rising jobs just like every other aspect of the trump program. lauren: well, president trump withdrew from the transpartnership partnership in his first week in office last year, one of the first things that he did. cheryl: it was a campaign
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promise, we will see what his supporters say. we reopened the tpp story. following his criticism of amazon, president trump has ordered review into the u.s. postal service. lauren: this can get exciting, hillary vonn with more on that, happy friday, good to see you. >> happy friday, lauren and cheryl, good to see you. president trump is creating task force to check out the u.s. post al's finance, the force will recommend reforms for the postal service, trump say it is postal service is on unsustainable financial path and must be restructured to prevent taxpayer bailout, the order didn't call out amazon and their deal with the mailman but did say that the task force would look at pricing and the package delivery market, hint, hint, am done to make sure that it's getting a fair shake. cheryl: well, espn is beginning its future and streaming today,
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what can you tell us? >> disney, parent company rolling out first try at streaming, the company releasing espn plus, streaming service for sports fans, 4.99 direct to consumer subscription is like an all-sports version of netflix with inside -- clips not seen on the normal espn network, they integrated the service into their redesigned espn app so there's no separate app that you need to download, if you sign up for the service in the next five days you get a free trial for 30 days, espn plus works on android, ios, apple, tv chrome and the web, this is a massive first step for streaming as disney grows onto take on netflix. lauren: they want to flip homes? >> yeah, they are going beyond their online marketplace, now they kind of want to get on the action, the company plans to buy
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renovate and flip homes in multimillion dollar investment. targeting homes in las vegas and phoenix and turn homes over 90 days. turn house flipper is new and the move could disrupt the traditional brokerage business, the company plans to buy 300 to a thousand homes which works out to investment about to 75 to $250 million. lauren: all right, hillary vaughn, thank you very much. see you in a bit. >> thank you. cheryl: well, oil continues to trade at three-year high this is morning, more than 8% this week and on track for biggest weekly gain sin last july. fox news contributor from the cme is here, we appreciate you getting up. >> you bet you, i couldn't wait, how could i sleep with all the stuff going on in the oil, right? cheryl: of course 2006 obviously
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the biggest story is syria, no word of strike yet, we are on edge on that, how are you feeling about the possibility of a u.s. strike on syria? >> i feel like the oil traders i think that that risk is reduced a little bit because of donald trump's tweet but you can't go into the weekend when you have a crude oil position. obviously when we talk about syria, they're not a big oil-producer but, of course, the people backing bashar al-assad really are, you're talking about russia, you're talking about iran. if this things spends out of control, it could be one of the biggest bullish events for oil in a very long time, but as you know, cheryl, it's not just about geopolitical risks, we really have had the demand explosion around the globe, you know, a growing global economy is consuming a lot of oil and that oversupply that we had a few years ago is really disappearing. cheryl: and speaking of the global supply, global supply has actually gone down because opec has followed through on
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production cuts and then report on february that worldwide oil stocks actually fell by nearly 17 and a half billion barrels, a million barrels, excuse me. that's a pretty big drawdown for a month. >> you bet, one of the biggest drawdowns we have seen, that's how big it is. if you look at where the glut was a few years ago, you know, there's this perception that we would be swimming in oil for the rest of our lives, right, that we would never get rid of it, you can see how quickly the world balances. this is a great example of how cure oil prices. opec cuts back on production and low prices create demand. some of the global growth that we have been seeing over the last couple of years really has been inspired in part because of low oil prices. cheryl: well, get ready for gas prices to go up this morning. great to have you on the show,
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please come back. >> thank you, cheryl, i'd love to. lauren: love phil, leaks from tell all of james comey, we will have some of the pretty shocking headlines in just a bit. in the market bank stocks leading the rally yesterday on wall street so how will investors react today when we get earnings from the the biggest banks in u.s.? you're watching fbn:am. [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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in completing this important mission. please visit hfotusa.org and help build homes and rebuild lives. cheryl: former fbi director james comey tell-all memoir not even on the shelves yet but igniting fire of controversy. slammed the president saying he's unethical and unthetterred and comey apologizing to hillary clinton which cost her the election. president trump to pardon livi, convicted of lie to go grand jury and on instructing justice in a case that involved the leaking of the identity of cia officer valerie, 30 months in
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prison, then president bush refuse today pardon him. and bank account information and social security numbers for hundreds of americans are now at risk, consumer financial protection bureau revealing they have been hacked at least 240 times, additional 800 unconfirmed attacks. information in congressional hearing with acting agency director mick mulvaney. lauren: major banks set to report latest earnings today ahead of opening bell, the bank stocks have been doing as interest rates continue to rise and they do well in times of volatility as well plus it's been awesome week for the stock market overall. we bring analyst armando soto. good to see you. love the name. happy friday. >> to you as well. lauren: you're predicting monster quarter, why is that?
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>> we are predicting monster quarter because of the low interest rate environment that's now behind us, we have rising interest rates which is always great for banks, we have the economy and the current administration's probusiness policy which entices businesses to go out and get loans from the banks, so we are going to see the banks now finally have a monster quarter, benefit from the new tax law and go higher from hire. lauren: would the bank earning, for the financial sector, s&p expected to see 20% bump in earnings growth year over year versus the overall estimate for earnings which is expected to be up a little over 18%. is that going to be enough to make investors forget about trade fears or syria fears? >> i believe that in the near term we are going to see a backup, we might see continued volatility, on april 4th,
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president trump put out a tweet that said when you're down $500 billion, you can't lose and that's very true, it rings true for businesses here in the united states, president trump wants to get that deficit to zero. our downside risk is really jumping out of basement window, we can only go up from here so we are going to see the market go up in the long term here once the tariffs go into effect and businesses here in the united states continue to benefit from our current administration's probusiness policy. lauren: yeah, so we will be listening to earnings calls to see what the bank executives have to say about a trade war and tariffs but also the impact of the tax cuts and whether this -- this threat of wage inflation, how real or how big is that, what do you think? >> i believe that wages, we do see wages go up in the united states and we are seeing the wages go up. it's not really inflation for
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current wages but for more skilled workers that are making better money and those jobs that are really coming back to the united states that are really having that effect, inflation has been tamed over the last nine years, the federal reserve is projecting that we are going to hit that 2% inflation rate and that's the reason why they are raising interest rates and therefore that is going to benefit the banks and we are going to see those earnings for the banks go up. lauren: all right, we have some of the biggest things out there reporting in just a few hours. armando have a great weekend. >> thank you, you do as well. cheryl: we have a lot more coming up. take a look at this, this was time magazine's cover last year. all right, well, you're not going to believe what the editor. lauren: here it is. cheryl: okay, this was last year, you're not going to believe what they've done for this april, we will give you a hint, it has to do with the
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weather and speaking to have weather maybe summer in the northeast but powerful storm said to unleash snow and tornadoes across the rest of the country. fox meteorologist janice dean has forecast, taking a look at futures, kind of a quiet morning, let's just celebrate that for a morning. lauren: don't jinx it. cheryl: s&p up 2 and a half, nasdaq barely down. lauren: i'm calling that flat. cheryl: keep it flat.
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he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. lauren: check this out, the new time magazine cover shows president trump in stormy conditions, get it, if you look at animated cover online shows
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the president sitting in a share with waves of water and papers flying around. the cover is coming after the fbi raided the office of his personal attorney seizing his emails and documents related to stormy daniels, the adult film star, the picture from a year ago depicting growing chaos within the white house. cheryl: the storm continues and grows is the point here. from the storm at the white house according to time to a powerful storm set to unleash tornadoes here. lauren: here in the u.s. but not in new york. happy friday, you look like spring today. janice: i had to. it'll be springtime across the northeast this weekend but folks across the northern plains or great lakes are feeling like winter, so we do what we can in the weather department to show you springtime on the map. 62 in new york, we are going to love it. we will flirt with 80 not only
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today but tomorrow and then things come crashing down like a roller coaster, past 24 hours, you can see the storm system developing across the northern plains through upper midwest, blizzard warnings in effects for several states here with very strong winds and blowing snow, we could see 6 to 12, even 18-inches of now. pretty big springtime snow. also with this, because we have the cold front ahead of warm temperatures, the threat for severe weather including tornadoes across portions of the gulf coast up towards the central u.s. and that will continue into saturday, large hail, isolated tornadoes, be alert, know what to do if there's a watch or warning in your area. forecast today, the tail of two seasons, wintertime across portions to have west, summer time in gulf coast, it'll be beautiful in new york city,
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78-degrees. [applause] cheryl: i'm happy for us, i can't believe 18-inches of snow, how rare is that for april? janice: it does happen, it does happen, but it's not welcome. cheryl: wow, no, the poor folks, janice, thank you very much. janice: happy weekend. lauren: coming up president trump weighing his options for a military strike on isis. >> we have just absolutely decimated isis but now we have to make some further decisions so they'll be made fairly soon. lauren: and he's putting some late-night tweets out there on trade, that could change u.s. and world's negotiations with china. be right back how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab.
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puts us in a position like that. lauren: breaking news this morning, the president weighing military options against syria and promise to go act, quote, very soon, meanwhile a new ominous warning coming from russia. cheryl: momentary cooldown in global tensions helping to lift stocks, dow jumped nearly 300 points yesterday. lauren: this morning bank stocks in focus as we get earnings results from citigroup and wells fargo. let's take a look at the futures, dow up 24 and nasdaq 9. cheryl: concerns over syria, that lifted stocks at the open, cac 40 and index are positive. lauren: the nikkei in japan gaining half of 1% in the day. shanghai composite in china losing two-thirds of 1%. cheryl: the tax, have you looked at the calendar ahead of tuesday's filing deadline,
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fbn:am continues right now. ♪ ♪ lauren: 5:30 in the morning in new york, it is friday april 13th, good morning, i'm lauren simonetti. cheryl: good morning, everybody, i'm cheryl casone. well, president trump is sitting with his national security advisers to discuss the u.s. response to syria alleged use of chemical weapons, complicated matters is syrian ally russia warning that military action in syria could have serious consequences. >> we will see what happens. we are obviously looking into that very closely, too bad that the world puts us in a position like that but, you know, as i said this morning, we have done a great job with isis, we have decimated isis but now we have to make some further decisions so they'll be made fairly soon. >> well, if there are air strikes it's possible the u.s.
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will not act alone, but france and britain say action must be taken to stop further use of chemical weapons, for more on this, former military officer steve rogers and bental for defense democracy. >> good morning. cheryl: steve, i want to start with you, the prohibition of chemical weapons, they are schedule today arrive in syria, investigate possible use of weapons, do you think that will have any impact on a decision that could or could not come over the weekend from the trump administration? >> well, to begin with, vladimir putin and assad are challenging the will and the might and strength of the united states of america. and under the leadership of this president, they are going to find very, very soon that they made a mistake and judgment regarding the president to respond. i don't think that the inspectors are going to play any role in the decision that the president will probably be making within the next few days. cheryl: you know, the russians
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do have an air base in syria, they have maybe -- it's estimated dozens of aircraft there and that's got fighters, bombers, warships, 10 to 15, we have seen satellite image that is warships can be moved out, the russian warships, that is, what does that signal to you? >> russia has been known to be able to jam u.s. drones in the last couple of weeks and all of this being said, the u.s. still retains escalation dominance in the syrian theater and whether it's resolve against putin in russia or iran, i think president trump should decisively act both to deal with assad regime and signal resolve. the u.s. has advantage. cheryl: again, within striking distance of syrian land, at the same time, steve, this relationship with russia is a
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strenuous one with the united states. they look like they are going to fight back in whatever way they can. do the russians have now have global power to really challenge the u.s. in defense of syria? >> the russians have a failing economy, military is not as strong as putin would want us to believe. keep in mind, that there are many, many implications regarding the president's actions, iran is looking, north korea, i'm sure is watching, and the rest of the entire world including potential enemies are watching and they are waiting and they are seeing what president trump is going to do. this is why i believe he's going take the proper military action that's necessary to send this message to the world that you just don't do things like assad and putin did in syria. cheryl: benham what do you make of the delay from the trump administration, a year ago when there was a chemical attack on the syrian people, the president acted unilaterally and
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instantly, now he's more reaching out to our allies, but french president emmanuel macron has told him, we have evidence it was the syrian regime that did this, what's the delay then? >> well, hopefully the delay is to make sure that we have additional allies on board, there's been reporting over the past week that saudi arabia may be interested in lending support to some kind of international coalition if there's a strike in syria. make no mistake, if the president repeats same sort of strike in last april, april 2017 against air base, then assad will not have learned lesson because assad will regroup, absorb the blow and continue repressing own him. this time the president should use last april strike as a price floor to escalate against assad as well as some of its key foreign backers like the islamic republic of iran which has supported assad's butchery in syria. cheryl: their continuing support of assad, we will see what
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blipgs first over the weekend. it'll be interesting weekend. thank you very much, we appreciate it, guys. >> you're welcome. >> my pleasure. lauren: to civil war in syria to china, stocks did rose but also news that president trump is considering rejoining the transpartnership partnership, the tpp, he puts national economic chairman larry kudlow and representative to work to get it done. >> everybody knows it has to be in america's interest and everybody knows that these things have to be progrowth with respect to our economy and presumably other economist and you can't have unfair trading practices, you can't have illegal trading practices, that's the big gripe with respect to china. either they'll change or they won't, we will see. lauren: former white house deputy brad blakeman, good to see you.
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>> good morning. lauren: if you can characterize negotiations with china for us? >> the president when he came to power was a huge wake-up to china, i think now china is settling in, they understand that it's not going to be the same ole, same ole. we have trading partners and we will get much better deal under tpp, we have been able to get side deals with china, so we are dealing with them bilaterally as well as multilaterally, i think the president is on the right course. we will now reenter the talks with china and see what kind of deal we can get along with our partners. lauren: all in negotiation, just a few hours ago, the president tweeted would only join tpp if the deal were substantially better. he goes onto say we already have bilateral deals with six of the 11 other nations in tpp and we are currently working with
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japan. our deficit last year with japan was $69 billion, we have issues with a lot of the countries, do you think and do you think the president think that is we have a stronger position if we are in tpp in coordinating against china or negotiating with china? >> only if it's in our interest. the president made that very clear, we are not entering multilateral deals where we are at a deficit. we have the greatest economy, we are the strongest nation on earth and we have to play that to our advantage. we've been played by friend and foe, you just mentioned the deficit with china. it's unacceptable. so we want fair trade, we are not looking to get anything on anybody, but on the other hand, we are not being taken advantage of anymore. lauren: yeah, would we be in a better position if we could be in the tpp and we have countries like australia, for instance, maybe in line with us instead of beijing? >> absolutely, that's what the president said. let's look if we can renegotiate a better deal not only for ourselves but also our trading
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partners. lauren: do you think we will get into a trade war with russia and if we do how significant is that? i'm looking at the tit for tat, this morning they proposed banning u.s. import, u.s. investments and even some americans have going there. >> well, russia is trying to be relevant. they are doing it in a bad way, though, whether to syria, whether, you know, threatening us with a trade war. the reality is there are 23rd largest trading partner, we are at deficit with them as well, we give them $11 billion in goods and we take in $27 billion in goods, so they have more to lose than we do. lauren: so interesting thousand dialogue has changed. 2017 stimulate the economy, tax cuts, 2018 trade. brad, have a beautiful weekend, so good to see you. >> pleasure. lauren: thank you. clerl cheryl well, the future of self-driving technology coming to blows, there's a nasty fight now between tesla and the ncsb,
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lauren: let's get you caught up on what's happening this morning. tesla clashing with ntsb as investigators looking into fatal crash. ntsb announcing it removed tesla as participating party in probe but tesla says it withdrew from the investigation. the driver was killed after model xrveción slam intoed a highway barrier in california. well, u.s. judge says uber drivers are not the company's employees under the federal law, the crucial ruling was specifically about uber black as uber's higher-end service. the judge decided lack of control over drivers is one of the reasons for the ruling, a new spokesperson says that the company is pleased with the decision. and sears will soon close it's last store in chicago, a city
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that the company has called hometown since it moved headquarters there back in 1887, that sears will go out of business in mid-july with liquidation sale kicking off a bit later this month, sears obviously has closed hundreds of stores amid slowing sales, retail landscape has changed, cheryl. cheryl: that's a shame, iconic name, sears tower in chicago, that's a shame. you may feel good about this or bad about it, heads up, time is running out if you haven't filed 2017 tax return, the deadline is tuesday april 17th, mitch roschelle joining us with last-minute filing tips, the bad news it's tuesday but the still tuesday. >> you cannot avoid it, cheryl. cheryl: deadline is the 17th, that's tuesday. what else do we need to know? >> a couple of things even
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though the deadline is tuesday, if they owe you money, you don't have to technically file until october 15 but if you owe money go, get it, you have to pay, you can extend filing deadline to october 15 but you still have to pay. a couple of other things in people in hard-hit areas with texas with hurricane harvey and even with puerto rico with hurricane maria, you can actually take casualty losses, that's a little maybe silver lining for some of those folks, also some tricky things around filing status, if you got married during the year, you have to get that right, also you want to make sure that you have the right filings status, so for some people marriage filing joint from separately, you want to look at all of the details. cheryl: you also say that do it yourself can be kind of tricky, right, because a lot of people want to save money but you think hiring a professional still the best plan, you're saying that for if this tax filing season.
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i can't wait what you will say for 2019. >> maybe a self-serving thing to say given what do i for a living, the fact of the matter is it's really a good idea, it's complicated and the penalties and the interest charges could be considerable higher than doing it yourself, even though there's great software, hiring a professional is not a bad idea. cheryl: you might prepare yourself for tax changes. i want you to listen what president trump said about tax reform and the new tax law bill to pass. >> a difficult family of four earning $75,000 a year will see their tax bill slashed in half. a lot more money to spend. cheryl: so mitch, i wanted to play that for you, we hear but are people actually feeling that, is that truly happening in the country? >> i think it is. when we talk to business owners they are feeling it and they are giving the benefit to employee
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where is they can and when i talk to workers out there, especially small business owners, they are feeling the benefit and a lot of it is sort of enthusiasm and we will see as the year goes on how that may grow or shrink but if you look at small business owner, i was talking to one the other day, buying a brand-new pickup truck gives benefits for expensing, i'm seeing it, we hope we continue to see it. cheryl: i hope so, next year's returns will be loads of fun, i'm sorry, we will try to get through this year, mitch, thank you very much, appreciate it. mitch roschelle. >> thanks, cheryl. lauren: we showed you a couple of brawls yesterday, fight at high school basketball game. what happens, jared max with your sports highlights and just when investors thought crypto prices had fizzled, bitcoin
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for kaepernick, would not tell the team he would stop kneel forking national anthem. interestingly, one day after scheduled visit with seahawks he was deposed by nfl attorneys in collusion grievance against the league. major league baseball has levied suspension as austin took part brawl. they are both appealing. another brawl this past weekend at a game savannah lady warriors and gla shockers, a woman in the stance didn't like the call by the ref, she ran on to the court which is when the referee called technical foul, told her to leave, she refused. she started to swing at the ref, one of the coaches reportedly jake simmons came from behind and knocked the ref and you see what ensued. it's only a game, right? it's only a game. something better now. i don't think if you've never
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watched a hockey game in your life, nothing more exciting than sudden death overtime in stanley cup playoffs. 6:02 columbus blue jackets came back from 3-2 down and beat 4-3, also game one, lighting struck the devils, predators buried the avalanche and shark saw blood against the ducks. movie all about ferris playing hooky from school, fourth grader tucker at elementary school skipped school monday, his dad called in sick for him to go to cubs game and they didn't try to hide it either, but get this, the principal was at the game too, he's a lot nicer than rudy in movie, he said, i didn't want to kid to get in trouble, he's the student leader of the year and the principal was with son. the principal didn't want to be
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seen. i was ducking down and they wound up seeing each other. cheryl: did they win? wasn't even worth it. jared: so cool that it was ferris park two. cheryl: viewers remember ferris mueller. jared: i would think so, spend the time, it's a great laugh. cheryl: jared, thank you very much. you can see jared sports report fox news headlines 24/7, siriusxm 115. lauren: bitcoin taking off like a rocket yesterday or was it a technical bounce or something else? [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.
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lauren: china is pressuring european countries to oppose the trump administration's tariffs. craig, senior market analyst and joins us now from london. we always talk about craig, the u.s. strategy here, but what's china's strategy and do you think it would work? >> i think it's actually quite confusing, the strategy which china has layed out here trying to get europe to oppose. i think naturally europe is going to oppose tariffs because ultimately it wants open and free trade but to ask it to actually take china's side and oppose the u.s. i think is potentially barking down the wrong path to be honest, it's unlikely that the eu is going to
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take such action. cheryl: also bitcoin soaring by about a thousand, do you think there's something technical behind it that we are missing? >> i've seen a number of reasons to explain from short squeezes to institutional buying, i think it's just another move in bitcoin. we have seen that plenty of times. just because we have become accustomed doesn't mean that this is any less normal than we have seen before as part of decline since mid december, we have seen in a few occasions where it spiked in between, i'm not getting excited at the moment although many bitcoin enthusiasts are. lauren: citigroup, wells, you're watching those? >> it'll be quite interesting to see what the earning season provides. this is quite the start, i think the biggest thing people are interested in really is the impact of the tax reforms are
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going to have on the bottom line and what people think that's going to mean for the economy and an interest rate rising environment when you're looking at the banks, they are going to be the most focused. cheryl: before we let you go, oil, three-year high, a lot of it is concern about syria, what's the buzz over there about a potential u.s. air strike on syria? >> well, naturally there is a little bit of concern but right now i think the reaction we are seeing in markets is one more of caution than it is of expectation, if there is going to be an air strike in syria i'm not convinced that it would prove to be the big escalation that many are fearing but naturally in the markets you do get the knee-jerk reactions. lauren: so much for investors to watch, craig, thank you. >> thank you. cheryl: and thanks to all of you for watching fbn:am, we send it over to dagen mcdowell, she's in for maria bartiromo this morning. dagen: we will see you later this morning. good morning, everybody, i'm
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dagen mcdowell in for maria bartiromo, it is friday, friday the 13th, april 13th, top stories at 6:00 a.m. eastern. standing side by side as the world awaits president trump's decision on if and when to strike syria, both the united kingdom and france remain commit today a united front with the united states. this unity comes amid reports american spy planes were spotted by russian bases in syria where bashar al-assad is rumored to be hiding, the tensions leading many to fears of war, russian-state tv telling viewers to pack essentials for world war iii. >> we will see what happens. we are obviously looking into that very closely. too bad that the world puts us in a position like that, but you know as i said this morning, we have done a great job with isis. we have absolutely decimated isis but now we have to make some further decisions so they'll be made fairly soon. dagen: escalating concerns
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driving oil prices higher, you can see oil moving up. highest price roughly since december of 2014. stocks able to shake off the fears yesterday, the dow closing up nearly 300 points and we can take a look at futures this morning. looking at the dow s&p and nasdaq, but a bit of mix market, this is the beginning of earning season today, 59-point gain on the dow futures. what drove the market yesterday was some good news out of the white house on potential trade, we will bring you that. but the big story this morning will be the banks, we are waiting for earnings from jpmorgan, citigroup and wells fargo before the bell, we will bring you the numbers as they come out but this is the real beginning of first-quarter earning season. this is what all the bulls have been hanging their hat on saying first-quarter earning season will be better than expected, the guidance will be great because of tax reform and that's the reason to buy stocks here, we have somebody standing by maybe to counter that. we have
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