tv FBN AM FOX Business April 23, 2018 5:00am-6:00am EDT
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comey and when i do think of the quote of roosevelt. no man who is corrupt and condones corruption and others can possibly do his duty by the >> i chose the, where are your priorities? cheryl: president trump praying to welcome president mccrone to the white house today. the two will have some tough talking and trade, north korea. >> 202-point drop for the dow on friday but by apple shares hit by weak iphone demand. turn to google current alphabet will be out. among those reporting ahead of that, look at futures opening this monday in the red.
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not too bad that the data of 42, nasdaq down 10. gerri: investors are watching the yield on the 10 year treasury very close right now. we'll keep an eye on that. >> taken a look at your. i have a week of earnings, but now we are seeing pressure and european market as the 10 year treasury rioting between rising. gerri: the biggest losers down to 33%. the hang seng down half a percent pay shanghai and kospi also down. cheryl: has more of your personal data than facebook? try google. we'll talk about that. "fbn:am" starts right now. gerri: good morning.
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5:01 a.m. in new york on monday, april 23rd. i am gerri willis and for lauren simonetti. cheryl: good morning. i'm cheryl. we are talking about facebook and amazon and google. we do have a lot of braking is to get to this morning. president trump hosting french president macron at the first state visit since he took office. macron spoke out about new terror sent aluminum and steel for the european union. >> where are your priorities? you can make a trade law with the alliance. in very simple. it's too complicated if you make war against everybody. you make trade work in china, trade were against europe come over in syria. it doesn't work. you need an ally. we are the allies.
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cheryl: they should stay in the funnest are no better options. >> for nuclear, what do you have? i don't see. what is your plan b? i don't have a plan b for nuclear against iran. that is a little discussed. gerri: three days of talks in this visit. also saying he has a special relationship with president trump. >> the maverick of the system on both sides. i think president trump's election was unexpected in your country and probably my election was unexpected in my country. we are not part of the political system. gerri: president trump scheduled to meet with angela merkel on friday. cheryl: the senate relations committee to vote against mike
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pompeius to be secretary of state today. democrats say they plan to oppose the nomination are joined by republican senator rand paul. pompeii could be the first nominee for the position not to bend apart from that committee. his nomination can still be brought to the senate floor. gerri: oversees current south korea holding its broadcasts along the border. in historic meeting between president jae-in and kim jong un set to take place this friday. north korea announced last week to halt missile tests and close its nuclear test site. president trump tweeting we are along the way away from inclusion. maybe things will work out. maybe they won't. only time will tell but the work i'm doing should've been done a long time ago. cheryl: treasury secretary stephen mnuchin says he's cautiously optimistic they can
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broker a trade deal with beijing. it welcomes the interest in traveling to beijing. this of course comes after the jump administration proposed imposing tariffs on this much is $150 billion worth of chinese imports. beijing has vowed to retaliate with its own measures. gerri: if you think facebook is a lot of personal data, imagine how much google has. cheryl: tracee carrasco has that another headlines this morning. cheryl: with all the focus on facebook, alphabet and google may be a bigger problem when it comes to collect personal data because because of the volume of information google gathers all the time people spend on its site and the reach of its tracking. "wall street journal" reports google analytics is by far the biggest platform on the web because half of the biggest companies in the u.s. and tracks
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whether you are logged in or whether you're not in the report earnings "after the bell." pretty scary. cheryl: also staying at this, and other music ipo on the horizon. this could be a big one. >> the largest company cited an ipo for the second half of 2018. valuations claim to see $25 billion that should be one of the largest tech offerings ever. it would follows modify a successful ipo earlier this month. james comey in silicon valley adding a new stop a new stuff i spoke to her. >> this is an interesting one. james comey will speak as part of his book tour. amazon hosted 35 authors in the past year for these discussions. meanwhile, amazon has implemented roles on the reveal page for the new book giving to
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reviewers who can provide proof of a verified purchase. it appears to be a new policy. there were some issues following hillary clinton spoke, michael wolff's book. people took issue with her personally so they were reviews about them. not really their book. this is where this comes from. cheryl: big seller, but politically charged. thank you very much. was feeling just a little bit. a special moment from former first lady barbara bush's funeral has gone viral. a photo showing former president and first lady's come all of them putting their political differences aside to support george h.w. bush. the photo shows the president surrounded by a son, george w. it does arms around his wife, laura. bill clinton, barack and michelle obama along with first lady melania tribe. president trump was not present out of respect to the bush
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family and added security. barbara bush died last week at the age of 92. trivia were coming together of democrats and republicans. their manhunt underway for a man who killed four people in a waffle house in tennessee. we will have the latest on the situation. a big week for tech earnings. alphabetic, facebook and amazon report this week. we will get a preview. u.s. stock index futures right now are putting down through the dow jones industrial average down for. nasdaq down time. you are watching "fbn:am." the smart
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gerri: welcome back. let's get too caught up in what's happening now. checking u.s. features. take a look below three indexes down. s&p down three. the nasdaq downturn. a massive manhunt underway for the man suspected of killing four people inside a waffle house outside of nashville. police say he may be armed. we learned yesterday that 29-year-old travis ranking was
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arrested. more than year before that said taylor swift was stalking him. a deadly bus crash in north korea. as many as 32 chinese and foreign north koreans have been killed to the crash occurred last night in a province south of pyongyang. footage on chinese state television shows the mangled wreckage. chinese tours are among the largest groups of visitors to the isolated country. from house intelligence committee chairman devin nunes come he tells maria bartiromo on "sunday morning futures" that no official intelligence was used to launch the trump russian collusion investigation. >> what we are found after the investigators have reviewed it is in fact there was no intelligence. we are trying to figure out as you know we are investigating the state department. we think there's a major
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regularities at the state department. gerri: nuñez trying to figure out how the fbi got information about trump campaign adviser george papadopoulos. cheryl: a big week for tech earnings. scheduled to report quarterly results today. facebook and amazon later this week. cornell capital managing. good morning. we will get to the numbers, but i want to start with a fascinating piece from "the wall street journal" that came out yesterday. the issue of privacy for data abuse all should be direct today google alphabet. they are the ones that are mining peoples personal data. is this storyline going to overshadow earnings? >> that's a great question. the great earnings alone are going to be priced up when you look at alphabet, each of the billion users, whether it's google now, google maps,
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youtube. understand that the governments response to increase not just the bases, but the tech stocks will go beyond the earnings. cheryl:@accounting standards that could talk about the $3 billion with alphabet. the other company is microsoft today. obviously that is a company that is trying to move into the crowd services business as they've been pushed out of the pc market. as far as microsoft goes, revenue growth there should be demanded that commercial clout factor. >> absolutely. that's one of the things that is really charged microsoft growth. people do look at the numbers perhaps that they anticipate the case being. cheryl: let's get to facebook there that's really dig into this fund. all eyes on whether at revenue will be holding with facebook considering all of the political
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pressure and data privacy scandal. at revenue growth printer you concerned about the number? >> the testimony is a pretty decent job getting through is only very recently behind us. we saw the drumbeating around facebook privacy rules towards the end of 2017 getting louder and louder. maybe a little bit later in the year before we start seeing an impact. cheryl: of all the facts we are talking about, hopefully that doesn't continue. let's talk about amazon. amazon and other company in crosshairs of a politic. we keep seeing the trend happening with the president with the president tweeting out against amazon. but with all the pressure, political pressure and political pressure on amazon, is there anything specific you are watching? >> 100 million is the number they disclosed in all eyes are on how is amazon using that incredible footprint, whether
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it's integration of forces that push into the grocery segment are planning to go to a completely untapped phase. cheryl: i wonder what that face could be. you have to wonder what their hotel services are failed untried pharmacy may be. thank you very much bigger appreciated. gerri: coming outcome of the latest with the british royal family on its way. number five in line for the throne. finally beginning to wonder for the country. janice dean has the forecast. let's take a look at the stock futures. right now we are down a little bit. dow jones industrial average and 48 points. nasdaq down nine. we'll continue to watch it and we hope you continue to watch "fbn:am." ♪
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tree and do all right cover breaking news out of london. kate middleton has been made to st. mary's hospital london today. should the early stages of labor. this is going to be baby number three. the gender of the child still unknown. he or she will get this in line to the british throne. they had siblings prints or jen princess charlotte. you can see live pictures coming out. all the well-wishers camped up at the hospital. two weeks they've been out there waiting for the arrival. anyway, we'll keep you posted. monitoring the news out of london. a baby is on the way. a slow-moving system to track from the southern u.s. to the mid-atlantic. meteorologist janice dean is five in the fox weather center with their monday morning forecast. turn a tie, ladies. feels like springtime outside.
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it is going to be pretty nice for much of the workweek. 47 right now. 46 in chicago, 61 the mobile in the lobby across the southeastern severe weather yesterday including tornadoes. the parts of louisiana in the panhandle. not only the threat for a slight risk for severe storms, but we are going to have the flooding risk as well across the southeast, mid-atlantic up towards the northeast pay enough to visit tuesday night into wednesday. we are not talking about a big severe weather outbreak, but we could see some large hail, damaging winds, isolated tornadoes as well as flooding with the system. flood warnings are posted along the path of the storm system. looking across the rest of the country. 72 in kansas city. there is the system across the
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southeast moving up towards mid-atlantic and 64 in new york city. it is going to be hot, hot, hot in phoenix. 96 today. gerri: that sounds nice. i would go for that. cheryl: thank you so much. >> nice to see you both. a quiet place continues to make noise at the box office. >> promised me. >> i promise. cheryl: you've got that one and some other big winners to tell you about. why does netflix want a theater chain? really interesting what they want to do. after the 202-point drop for the dow. we are in the red. not as red as other markets have experienced the last two weeks. s&p and nasdaq slightly lower as well. you are watching "fbn:am." ♪
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the digital divide is splitting this country. we have parents who are trying to get their kids off of too much social media and computers, and then we have parents who would only hope their children have access. middle school is a really key transition point, right. the stakes start changing. students begin to really start thinking about their futures. what i like about verizon's approach is that
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>> i just say, where are your priorities? cheryl: the president preparing to walk on french president emmanuel macron in the white house with the two sets of tough talks on trade, in the iran nuclear deal. gerri: stock for 202-point drop for friday. the dow jones industrial average falling down 201 points. s&p 500 down 22. the nasdaq down 91. cheryl: dallas friday. taking a look at what the features are doing right now. teachers are read again. we shall see tech earnings have focused this week. facebook, amazon all reporting. as you can see we've got pressure. data 38, s&p and nasdaq as well.
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trends revealed in the 10 year treasury which is closer to .99 right now. cheryl: also looking at european stocks. opening higher with the big weeks on earnings. the ftse, cac barely fractionally in the red. gerri: the biggest loser down half of a percent. the nikkei down a third of a percent. shanghai down marginally. kospi done just barely. cheryl: it could be the summer of the hog. for some college students. we will tie you how they will get paid to write harleys. "fbn:am" continues right now. gerri: closing in on 5:30 a.m. in new york. good morning. i'm gerri willis and for lauren simonetti. trying to good morning. i'm cheryl casone.
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i don't know if teenagers and young people are interested in harleys anymore. truth or they don't buy cars will they ever buy motorcycles? >> president trump to welcome emmanuel macron today for the two are said to have major talks including discussions on north korea. cheryl: kris jenkins live in d.c. with all the latest. >> this is a big deal. good morning. the first state visit this administration as french president emmanuel macron for progress in north korea, but he still has to deliver. >> i think we'll always have to be very careful about this declaration. i think the pressure plus that cheney's role because president trump worked very closely with president xi was useful. but now i have to deliver. >> not create us as a halting testing in an intercontinental ballistic missiles in the closing of the test site with
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president trump taking to twitter saying we are a long way from conclusion with north korea. maybe things will work out. maybe they won't. only time will tell. the work i'm doing now should've been done a long time ago. developments come days before the regime meets with south korean leaders and lawmakers on both sides expressing cautious optimism. >> the question is whether it lasts or not. of course the reputation of the north koreans has been that they don't necessarily keep their agreements. >> the white house reiterated the caution to make sure exactly what the ultimate goal is. >> we are cautious. you're the president say we are going to keep up maximum pressure. we will not stop that until they. he us is that i can away from the table. reporter: they also talk about the iranian nuclear deal as far as it goes, survival than twice
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what the president and first lady tonight in george rush and his home in mount vernon and official state dinner on tuesday and wednesday addressing congress. cheryl: dolby interesting. thank you very much. good to see you, sir. president trump has been ramping up rhetoric on north korea over the weekend. taking on his critics to say the u.s. is conceding too much already. funny how all of the pundits i couldn't come close to making a deal in north korea are now all over the place telling me how to make a deal. trump's diplomatic progress, north korea not expected to help mike pompeo today is the senate foreign relations committee is to vote against his secretary of state nominee. here to weigh in with all of this is obama campaign regional direct to robin biro and colorado state senator to defend the president had hurt me. good morning. >> good morning. we will start with you in the night on pay a news. democrats on the committee know
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rand paul is joining them, but that hasn't stopped them from getting them to pass. what is the strategy here? >> or wish i could say something other than abstract but that does seem to be the case. republicans use the same tactics i hate to say we are playing the same ballgame here. we have every right to get the careful scrutiny. i understand why on some level because pompeo was cia director to go from that to secretary of state. but donald trump has ever read to put forth who he sees fit in this role. we also have ever read to carefully scrutinize that. >> that is just over doing. i hope it's nothing more than that. cheryl: rex tillerson had a rough relationship with the president struggled with people inside the state department as well but at the same time said mike andrea did go over to start
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the conversations with north koreans. that seems to be one of the biggest pressures in iran on the next secretary. the aligning himself up to be ready to walk in the door and hit the ground? >> you back pompeo is one of trump's closest confidant and he will be a great asset to the president, great asset to the united states. for robin to be saying this is just politics of the republicans did this as well, the republicans almost unanimously supported secretary of state clinton. this is highly unusual. this has never happened before that the committee would vote against his secretary of state. the democrats are just doing this to make a statement and when it gets to the full senate, the full senate will pass it on a bipartisan basis. i think this is just the democrats trying to make a statement to go against the president for no reason whatsoever. cheryl: i want to shift over to the issue of north korea.
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we are approaching day right now. end of may, june, we don't know what happened between president trump and kim jong un. a quinnipiac poll says 66 voters approve the president trump meeting with him. the approve of that meeting, but the question right now is president trump is very clear he's not going to just let them off the hook if they promised over years to dismantle missiles and their nuclear program. i'm not lifting sanctions until you do it. is this the right strategy? >> yes. i'm a u.s. army ranger and is carefully analyzed it. i think it's a good strategy to not lift those economic sanctions before we have serious talks about nuclear disarmament and i'm really glad he's sticking to his guns. i feel that is listening carefully to those that are really qualified on this and i'm glad that he's really taking what they have to say into account. we are getting there.
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sending pompeo over i think did some good. kissinger used the same tactic in 1971 with china is glad the administration is looking to see what worked for prior administrations in the past. pompeo checked the secretary hillary clinton in every living secretary of state. i have to break party ranks. and say on this i think we've got it right. he just needs to develop a thicker skin. tried to before i let you go, the issue is going to be the chinese. we are a disparate potential trade war with china. you think they'll have a negative impact on our talks with north korea? >> no. china wants to have a stable peninsula as well. you have to understand trump is the one that pushes the issue where it is to have the entire national security council at the u.n. including china to condemn north korea on their nuclear offered and i believe having china at the table during these discussions will be important in trump's plan is exactly the way
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you should be bad is good for america. cheryl: thank you for getting up this morning. good to see you. gerri: fascinating stuff. a fight for first place at the weekend box office. cheryl: tracee carrasco has the headlines. >> very close this weekend. a quiet place is back the top of the box office. john krasinski and emily blunt brought in $22 million. meanwhile, to interrupt johnson's rampage came at in a close second with $21 million. amy schumer and i feel pretty debuted on third place with an estimated 16.2 million rounded at the top five, super troopers chew and truth or dare. a lot of scary movies on the list. cheryl: before the show neither of us like scary movies. i don't get it but okay.
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>> i would go see the rock. that's what i would do. netflix wants to expand movie theaters. >> netflix is reportedly located to movie theaters in los angeles and new york that would allow a growing number of feature films and documentaries with an "l.a. times" reporter. the film festival may have something to do with it. netflix pulled out this here after was decided that movies about theater distribution of france would not be allowed to compete. netflix trying to be seen as a real player in the film industry and noting his own theaters may give them the distribution they need. >> just to get its name out there. one interesting marketing story this morning. harley davidson looking to give college students the internship of a lifetime. harley davidson looking for college students. >> this is pretty cool. looking forward one of the
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coolest internships i've ever heard of. give them a bite, teach them how to ride in the summer they will attend motorcycle events across the country and document everything for social media. harley says this is a 12 week paid internship open to college juniors and seniors interested in the current social media, communications, public relations or marketing. this is all part of the effort to get more younger writers interested in harley. cheryl: my neighbor says i bought a new harley. he 66 years old. gerri: as a boomer thing. cheryl: thank you very much. winning the senate seat in utah. not the cakewalk that romney might've thought it was going to be. and why an apple, you know the fruit, from delta costs over 500 bucks for her flight. you're not going to believe this
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what's happening now. u.s. stock market futures after friday's big selloff. tiny bit of escalation. california lower back if you want free market. s&p and nasdaq lower as well. former presidential candidate mitt romney will have some wind after failing to win the nominations for the senate seat in utah. he could have bypassed the primary, but the gop convention voters with representative mike kennedy. romney is running for orrin hatch's seat. southwest airlines canceling 40 scheduled flights on sunday to inspect engines after last week's incident in pennsylvania that killed one woman. the family broke off ripping a hole through the planes on friday and into the window. regulators ordered the inspections on 700 of the same type of engines involved in the fatal accident. a woman is facing a $500 fine after hanging onto a free apple
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she received on a delta airlines flight. she was traveling with the united states -- in the u.s. to paris. she was told the customs all over cultural items must be declared. that is what is happening now. gerri: oil prices at their highest level in more than three years you take a look at this. 6794 approaching $70 a barrel and for drivers that means gas prices averaging $2.70 a gallon. aaa says that 18 cents more than last month and 30 cents more than this time last year. what is causing a spike in can economy handle it? fox news contributor john layfield. good to see you. we've talked a lot about on this network about how opec curtailing production has caused the increase in prices. now we are in a situation where the oil industry is getting helped by this, coming back, but could this hurt the economy?
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what's your expectation? it's been a guest comic code. % of gdp. you will loose the effects of the tax cut unbilled lower income people because that's where the higher gas prices have an effect. opec has lost relevancy until recently when they lowered their quotas. you had west texas shale takeover market share. opec was really in a bind and tell west texas shale started bruising so much they now have a bottleneck. until the bottleneck is the bottleneck it straight, you'll have opec still controlled oil prices. saudi arabia is in a bind as far as money and solvency for the country itself. they need the major oil producers come a big to have a huge ipo. so right now saudi arabia is driving oil prices higher. >> imagine consumers. two thirds of gdp. a couple of mixed report saying
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that is higher. we saw a retail numbers higher as well. what kind of impact does this have on consumers and you expect spending to slow, get more sluggish? what do you think? >> we are starting driving season, which is not good. 60% higher than are those from last year. you need about $50 oil to be able to produce oil. you have a sweet spot between 55 and 65 that you need oil. they really starts to affect the consumer. do you have tax refunds that were delayed. you will see that coming back. retail sales have not picked up according to a tax cut could have made. you will see that coming forward with the tax return. unless oil prices go up higher for the year. >> my buddies at gas buddy tell me that the peak price on
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average really hits on the pump on may 10th. we will keep our eyes on that. when you look forward, could this encourage the federal reserve to resume our rate hike. this could be a big inflation signal. >> this is the biggest concern for some time. the kansas city fed has had some systemic shock with rates really well except for oil prices straight she'd have something they might have to lift weights into a recession. i don't think a recession is coming right now, but rates could look to go higher here which we went from three projected rates to four projected rates. you saw the market selloff with oil prices going higher. that certainly is a concern. >> prices high for 2014 will continue to watch this. john layfield, thanks for coming in. >> thanks, gerri.
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cheryl: coming up in sports, hits just keep on coming. same with cisco giants have a major league record in just under 12 minutes. o'neal is the boxer jack johnson and why did donald trump and sylvester stallone won him pardoned years after his death? take a look at futures right now. dow lower by 47 points. s&p and nasdaq as well. you are watching "fbn:am." ♪
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but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪ 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
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gerri: president trump says he's considering pardoning a late boxing champion after phone call with rocky actor sylvester stallone. gerri. call me with the story of heavyweight boxing champion jack johnson could the trials and tribulations were great. others looked at this over the year. i am considering a full pardon. johnson was convicted by an all-white jury in 1913 of transporting a white woman he was dating across state lines. that was the charge. many senators including john mccain has called for a rare pardon for the boxing legend. cheryl: another busy sunday in sports. baseball, golf, nba, nhl, i lost track. gerri: jerry max with -- jared maxey with everything. suffolk some bugs, wizards, raptors, pacers cavaliers all tied at two games apiece.
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jr smith nailing a 60 footer to end the first quarter yesterday. lebron james went wild. the bronze 32-point with cleveland winning in indiana by four. open the cavaliers win by a total of seven points. milwaukee won at home. breaking a tie with five seconds to go. the bucs win. game five and also beating the warriors. national predators have advanced to the second round of the stanley cup playoffs and so have penguins who won their ninth consecutive playoffs here. the stanley cup champs in the battle of the keystone state eliminates philadelphia with four goals yesterday. hard to believe they would throw four cans of at the end of the game. philly fans? it really happened. in the time it took for brendan bell to complete at-bat in the first inning against jaime
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barrio, could've listened to the rolling stones think time is on my site to billy joel for the longest time and guns and roses patience. >> a lot of pitches here. he keeps pumping and strike. if everybody gets a souvenir at angel stadium. >> the 21st pitch. a little bit of a late start. a major-league record right there. 12 minutes, 45 seconds. the longest at-bat ever since they started tracking and 88. the giants won 42. scary moment for crisp right yesterday, but he's okay with 90-mile an hour fastball on the other side. left the game with a laceration. we have call for you yesterday when in his first-ever pga tour event as he takes the 30 euro
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texas open. very exciting. transfer i love golf and watching these young kids play it's amazing how talented they are. you can go on forever, right? >> you made it out at the end. the pitcher wine. >> not good to make the game shorter. >> it could be a little shorter. thank you very much. good to see you. fox news headlines 24/7. sirius xm channel 115. >> a big week for tech earnings. how closely our european investors. we will go live to london. ♪ liberty mutual stood with me
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there can be talking about the iran nuclear deal. i think that's ridiculous. they're both worried about not having a plan b and having it turn into something like north korea if so far the north korea thing has ended up okay. i will be interesting to see whether they push more on trade or with a push more on the iran nuclear deal. that will be the big talk with the markets. you also have the earning stories. it is can be a big week. it is a different feel over here. they're not really the world's text darlings. a big lawsuit filed against facebook. about trying to raise money for some sort of money manager.
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slowly but surely the bang for your buck on what they get out of that. is not to be what we used to be. the pace with their own privacy rules they're playing a very big role in american tech stocks. they got this lawsuit. it's on this money manager. they are coming down more on children. all three of those things are very good and powerful. i think we have started to see the shine come off the tech halo. and thank you for watching that does it for us. mornings with maria starts right now. >> good morning and thank you
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for joining us. i maria bartiromo. earnings and the driver seat on wall street this morning. futures is showing a decline at the start of trading today. done eight points on the nasdaq. more than a third of that dow and the in the s&p 500 set to report their first quarter earnings. it comes amid new concerns surrounding the data collection. the money manager who thinks google well most earnings estimates. markets are tumbling on friday. they drive at lower. after they suggest the smart phone sales could slow in the coming months. we are watching the bio bite market this morning. the ten year yield creeping closer to 10%. in europe this morning stocks looking like this.
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and we do have a lower opening there as well. and lower trading this morning. it's down a fraction. down a fraction as is the dax index in germany down a quarter of a%. a fair pair of former political outsiders. they are welcoming the french president to the white house today. from trades to national security we are taking a look at what's on the agenda for the two world leaders. shocking revelations on the start of the fbi probe into the trump campaign. they're telling me their time yesterday about his findings he explained on a sunday morning futures. what intelligence did you have that actually led to this investigation. so we had found now after the investigators have reviewed this is that in fact there was no intelligence. no intelligence to lau
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