tv FBN AM FOX Business May 1, 2018 5:00am-6:00am EDT
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president is accomplishing. stay with us. good night from new york. >> everyone -- it's been in decline the last week and a half but the question is will it be enough after the news? cheryl: breaking this morning, all eyes on apple as it gets ready to release the latest profit report of calling iphone sales. gerri: u.s. stock market futures cut their losses after the white house announced wednesday postpone tariffs for one month. u.s. stock futures this morning back down again. dow jones industrial average down 64. s&p down for, nasdaq and 17. tranter yesterday the dow lost 140 points by health care and
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industrial stocks for the index managed to eke out a point to 5% gain at least for the month of april. gerri: i'll take that. most global markets closed today for labor day holiday. in europe the british ftse is open right now and it is up about a quarter of a percent. cheryl: stocks in asia mostly -- actually closed. only the nikkei trading appoints 66%. every other asian market closed for holiday. gerri: tennessee whiskey maker jack daniels followed a lawsuit over the shape of its bottle. we will explain. "fbn:am" starts right now. cheryl: 501 am in new york. tuesday, may 1st. i'm cheryl casone. gerri: i'm gerri willis and for lauren simonetti.
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transcriptase they've gotten may first tend to talk about. things are getting a little brighter. gerri: and yet you have your boots on. cheryl: got a good sign. the trump administration extending deal in aluminum tariff exemption for the european union, for canada and for mexico for another month. they now have until june 1st to reach agreements with the united states to avoid the terrorists. cheryl: on trade gerri: meanwhile permanent exemption to brazil, argentina and australia. the details of the deals with those countries so they finally shortly. south korea was given a permanent exemption is part of a revision of a free trade agreement. cheryl: israeli prime minister benjamin netanyahu claiming iran covered up its nuclear weapons program before signing a deal in 2015. secretary of state mike pompeo issuing a statement saying the documents obtained by israel from inside iran show beyond any doubt that the iranian regime is
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not telling the truth. gerri: plate irvine is at the white house with more. >> president trump has 11 days now to decide if you will stay in a pullout of the iran nuclear deal. his closest ally, benjamin netanyahu laid the groundwork for the potential ditch of the word. a live show until address monday. the israeli prime minister put forth what he claims is proof that iran is lying about its nuclear weapons program. moments after he wrapped my president trump walked into the rose garden for a news conference with nigeria's later. the president essentially saying told you so, but would not definitively say if he's pulling out of the deal. >> that is just not an acceptable situation. i've been saying it's happening. they are not sitting back ideally. they say they are for television purposes. i don't think so. i'm not telling you what i'm doing, but a lot of people think they know.
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trini president trump made it appear as if he started to locations for his likely summit with kim jong survey. singapore and the dnc. the neutral site along the north and south korean border. >> i threw it out today is an idea. i also told president moon and through president moon we connected with north korea. there is something that i like about it because you care. you're actually there, where things work out, there's a great celebration to be had on the site, not in a third-party country. turn it to president continued to speak highly of kim jong 737 action saying he's an open and straightforward. back to you in new york. gerri: plate, thanks for that. apple stock hitting a record high as it's ready to release second-quarter earnings today. expectations not so positive. tracee carrasco joins us about
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another headlines. >> good morning. apple to release its earnings after the closing bell and there were several things investors will be looking for. iphone sales, apple's biggest product will be a big focus as the supply chain and lower decks dictation for unit sales. also has apple ramped up service revenue for the music, i crowded napster and of course new plans for hundreds of billions of dollars in cash. apple is trading higher in premarket this morning. a big one will be watching. cheryl: later in the show to give us more analysis on that. top executive would face the. >> s., the cofounder of what top is leaving facebook reportedly because of arguments it. company facebook over data privacy and what the business model. they announced his departure and a face but post but didn't mention any of those issues.
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he planned to take time to do things outside of technology. he and fellow cofounder sold to facebook in 2014 for $19 billion. gerri: his favorite things include: in portions. which is not too shabby. jack daniels filing a lawsuit against another whiskey company. >> after my legal battle ruling. thank you so trademark infringement in a lawsuit not because of the name that jack jay nelson is a problem with. instead, jack claims that longhand square bottle design including its neck wrap closure and arched lettering is so similar to a jack daniels bottle that it dilutes its product. the makers and marketers of loan hand whiskey display their product next to jack daniels. no comment from either brand. they do look very similar.
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cheryl: you're right. they kind of do. we will see later on in the show. also, this story this morning we follow. the justice department offering alternative remedies in the antitrust trial against a proposed $85 billion merger of at&t and time warner. the latest from edward moran. >> good morning, sherilyn jury. the judge has the case in this. but the justice department and at&t time warner lawyers will make their decision by june 12. the department of justice laid out their case with the judge saying the combined company would be so large it could control distribution of new shows and competitors in the market place at these documents from consulting firms to show this. they also use rights and mergers to say the larger company could raise prices on customers because of reduced competition. they only need to show a reasonable harm to cost tumors
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come adding if at&t divested directv or by just time warner and not turner, the merger could go through. at&t argues they need to be larger to compete with the tech firms like amazon, netflix and lulu. lawyers said the government's case was built on a house of cards and failed to meet the burden of proof that the merger would harm customers. the proceedings have been going on for the past seven weeks though a decision in this good, june 12. that's when the judge said he will make his final decision. either side could then appeal. back to you. gerri: fascinating stuff that the ceo of wells fargo says his bank is open for business. tim sloan discussing the recent scandals in the massive fines in an exclusive interview with their own maria bartiromo. they are making progress working with customers who had unauthorized accounts open in their names. >> where we are in terms of the
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retail accounts that we've sold to customers that maybe they didn't need. we reached out to over 120 million different customers to say if you have an issue with the wells fargo account, come account, come in and see us. we are almost all the way through the process. >> so many problems for the company. watch the full interview starting at 7:00 a.m. eastern. don't miss it. cheryl: coming up, president trump, president trump back enough imposing tariffs on allies for now is a trade war we will talk about it. and what special counsel robert mueller wants to ask resident trout. we may have an idea. looking at u.s. stock index futures at the bumpy ride overnight. we are pointing lower the free market. s&p down four, nasdaq down 15. you are watching "fbn:am."
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we now know a special counsel robert mueller wants to ask the president as part of his fresh investigation continue tend to publish a list of 40 questions mohler has drafted and they largely focused on the president's decision to fire james carman former national security adviser mike flynn. one question reads this. the fire mr. comey, when was it made, who played a role in another rest what did you mean when you told russian diplomats on may 10, 2017 the fire in mr. comey had taken the pressure off. mueller team say he's not considered a target. white house chief of staff john kelly fleming a report that he called president trump an. releasing a statement saying is that more time with the president than anyone else and have been incredibly candid and strong relationship. he always knows where i stand and he and i both know this story is total bs.
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president trump hitting that the report calling a fake news. finally, comic rochelle wolf not backing down from her controversial white house correspondent. she said yesterday she wouldn't change a word. she shamed the advance of the barrage and sarah huckabee sanders among others for the white house correspondents association issued a statement criticizing wolf and that is what is happening now. cheryl: with top today to cover this morning. now postponing a decision on steel and aluminum tariffs ahead of high-stakes trade talks with china coming hours before the tariffs were set to go into effect for canada, mexico and the european union. the spring and am very of crown capital. good morning. the question is it going to be enough time? 30 days in particular regarding threatened retaliatory action.
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is that enough time for us to get basically in line with our allies and figure out something with these tariffs? >> it's an incredibly complicated subject. steel and aluminum, which is when you think about the e.u. may do, and they said they would put terrorists on the whole spectrum whether it's peanut butter or jeans or fruit. trying to navigate the net impact can be complicated. cheryl: there so many issues that it's not just about the terrorist that you've got the iran nuclear deal. sanctions against russia we are talking about. these are our nato partners. this seems to be a tricky time for u.s. negotiators. you think they've got the right strategy in place to make a deal if you will using the president's words? >> i think if you look at the e.u., is standing shoulder to
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shoulder with the president whether it's france, u.k. and syria, it poses is now really the right time to poke nato allies when you do have these enormously important international foreign policy and security issues. cheryl: let's also talk about the national security side of this. the president used national security as a reason for these tariffs could many allies have expressed doubts, but when it comes to china, that may actually be the case when it comes to the broader issue of intellectual properties. >> it's a very complicated aspect. secretary wilbur ross has tried to refocus the conversation on auto, which isn't so much a security issue. one of the things they've been focusing on his desk putting tariffs on the e.u. really prompt them to collaborate with china go into the world trade
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organization to lodge complaints. a very complex balance. cheryl: to add further complexity come you look at what china has done since the tariffs were announced now flooding europe with their steel. the chinese and other countries are flooding the europeans. europeans starting to suffer under this that i wonder if that gives the u.s. a stronger negotiating position with the e.u. because of what china is doing for them. >> they've seen an increase in import as they redirect. they have come back and said very clearly we don't negotiate taken a various stands with the immediate term looking like they will stand their ground. cheryl: real quick, let me ask you about the other countries and all of this. regarding nader just that this. regarding nader just that the judge in argentina and other countries with the same time it does come down to china. secretary mnuchin on its way to china now after sitting down
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with maria maria bartiromo. he's delivering the president's message to china that this agreement, the way that our trade relationship now stands is unacceptable. what do you think happens with trip? >> there is an optimism that there is a de-escalation between china and the u.s. china comes back out the very targeted tariff that really do impact the farm belt of the united states for president trump as we try to look at the net impact of what china could do to the u.s. and returned there is some optimism that of ernest incentivized to take it down and come to something to be balanced. cheryl: ann berry, thank you for joining us. we appreciate it. gerri: and coming up, want to get paid for working in hawaii? we will tell you how. fox senior senior meteorologist
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cheryl: working remotely from paradise island towns too good to be true but maybe not. hawaii tourism says it will pay for six new york city millennial to spend a week working on its islands with luxury accommodations and workspace included. participants will get the chance to be mentored by locals while immersing themselves in hawaiian culture. why millennial's? most americans think being
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exposed to new people and cultures is essential to their creativity. they see this as an opportunity to promote tourism in bringing more jobs. cheryl: sign me up. that sounds great. i would love it. they may feel like hawaii here in new york city today. the high 70s and even 80s this week. gerri: unbelievable. fox senior meteorologist janice dean is here with more for goodness promises. though they come true? >> you are right, ladies. 77 in new york. in hawaii 78 right below their polo janice dean ems right there. the problem is we've got very warm arrowhead is a strong cold front that is going to stall across the plains states and that means the threat for severe storms including tornadoes. the low double at jack out of
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the rockies and all of this abundant moisture from the gulf of mexico. all of the ingredients will come together for the potential of the severe weather outbreak starting today, lasting through thursday. here's the threat tonight. the yellow in the orange area as what area as what we think has the greatest potential for hail, damaging winds, isolated tornadoes and flash flooding and three tonight the area where again we see the potential for strong storms. that last into wednesday, some of the same areas that it actually widens out from the big bend of texas suffers the western great lakes and last through thursday. that's the big problem here is were going to potentially have severe weather. if you have a watch or warning in your area, know what to do. all about will come together across the plains states and will certainly keep you up to date. that's what happens when you got the clash of the two air masses in threat for tornadoes. back to you.
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gerri: sounds good to me. i'll go with it. janice dean, good to see you. cheryl: coming up, israel's prime minister making a deal with nuclear iran. >> this conclusively proves that iran is brazenly lying when it says that never had a nuclear weapons program. cheryl: should donald trump with the nuclear deal with iran? the consequences of the potential move. on a lighter note, three new flavors for oreo cookies. cherry cola, is more, we are talking cookies. the let's talk futures right now. we've got a down day this tuesday. the guy was down 54 in the premarket. s&p down three and a quarter. nasdaq down more than for king. you are watching "fbn:am." ♪ prepare for your demise, mr. billingsley!
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>> from the inside, it contains iran's secret atomic archives locked in massive files. gerri: israeli prime minister benjamin ned yahoo claiming iran by defendant nuclear program. this comes days after crucial deadline for president trump to decide whether to withdraw from nearby nuclear deal. i report from washington just ahead. train to u.s. stock market futures have cut their losses after the white house poses tariffs on u.s. allies for one month but overnight we drifted down 53. nasdaq down 14 and three quarters. turning to the dallas 140-point lead by health care and industrial stocks. the index did manage to eke out a quarter point gain for the month of april. gerri: global markets closed for labor day holiday.
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only the british "financial times" index is open. right now tire by 21 points. >> stocks in asia most to close. japan's nikkei did manage to edge up a tiny bit today as we continue to watch those markets. the wait is over. oreo unveiling three new flavors after fans suggested hundreds of thousands of ideas. they may not be what you expect or want, but we will tell you about it. "fbn:am" continues right now. cheryl: 530 am in new york on tuesday, may 1st. m. gerri willis in for lauren simonetti. cheryl: good morning. i'm cheryl casone. tranter what's your favorite orioles flavor? cheryl: i loved the peeps we had a couple months ago. gerri: i like the chocolate vanilla. secretary of state might impale
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reviewing allegations about iran's nuclear covert activity. he says they are real and the white house may negotiate a real agreement as the may 12 deadline looms. cheryl: kelly wright joins us live from washington. good morning. >> good morning to you both. iran is crying claiming that israel and the united dave have conspired to derail the deal with iran just before the may 12 deadline. that israel claims iran is in violation of the agreement. israeli prime minister benjamin netanyahu saying iran government is living or lying rather about its nuclear weapons program, adding that iran has the next ending its nuclear weapons program all along and he claims he has the evidence to prove it. >> iran lied about never having a nuclear weapons program. 100,000 secret files is that they live.
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-- lied. secondly, iran continued to preserve and expand its nuclear weapons for future reviews. >> as iran continues to design, secretary of state might pompeo personally reviewed this intelligence report says the facts are authentic on the state in the documents show that iran had a secret nuclear weapons program for years. i ran inside to develop nuclear weapons and missile delivery systems. iran had a vast atomic archive from the world and from the iaea until today. the white house is now considering whether to pull out of the iran nuclear deal before the may 12 deadline. president trump has repeatedly criticized the obama administration brokered deal, calling it a horrible agreement. >> in seven years the deal will have expired in iran is free to go ahead and create nuclear weapons. it's proving right with israel is done today.
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before the total make a decision. that doesn't mean we won't negotiate a real agreement. this was approved by too many people. >> what is really telling there is the fact that the president says that the polls out of it, he's going to move forward with iran, but to get a real deal, a real agreement that perhaps the world can get along with. cheryl: thank you very much with a live report out of washington, kelly wright. that deadline is right around the corner. the new revelations a game changer for whether or not president trump keeps the u.s. in the iran deal. get away in his conservative commentator jan alice. good morning. >> good morning, cheryl. thank you for having me. cheryl: that is the question. all of this happening behind-the-scenes good explosive comments from netanyahu yesterday ripping up the rhetoric and trump say this is a horrible agreement for the u.s. president trump said yesterday by netanyahu show of all those
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documents. >> i think it is a game changer in president trump has made no secret of the fact he thinks that the iran deal was horrible for the united states. and so with prime minister netanyahu's claims, you will find them to be more credible than iran in this whole situation and it would give him a tightly reasoned to not only reevaluated with the looming deadline of may 12, but also to look at what is in the best interest of the united states and our ally israel. i think you will want to only pull out of the current agreement, but also look at shaping something that is more comprehensive and a better solution for america and her allies. cheryl: from the thinking that we've been given a hint to behind the president's thought process on mac, if we are going to continue in this agreement by may be reshaped, maybe kill it, we should inspect anywhere in
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iran that includes their bases in the ballistic missile program has to be part of this deal in this country with have a sunset clause. the president reiterated yesterday seven years is right around the corner. seven years is nothing. you think the iranians in european allies are going to go for something like this? >> well, president trump is definitely the person who will make the best deal and he shall not and he's proven that with his track record even in the last less than a year and a half he's been in office if in office to put his decisions have been on the paris climate agreement, how he is reshape the international terrorist. a lot of the things he'd done have definitely been in the best interest of the united states, but also. this is the perfect time to bad. any basic contractor agreement even between two parties needs adequate assurances. iran continues to not give those to the united states and what
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netanyahu show to the president, secretary of state said the united states is looking at that very closely. the continue to do that and it simply provides the evidence president trump needs to go in and do what he needs best. cheryl: listen to what lindsey graham said about his reaction, his assessment. he was on the show with martha mccollum last night. let's take a listen. >> he's a liar and trump understands the deal is constructed is terrible for israel committee arabs in a bit about the president i would get out if i could not get a better deal. cheryl: lindsey graham a powerful voice in washington. what do you say? >> i think that's true and i agree with lindsey graham. i think it is true that president trump is looking at america first, but is also looking at the composition of the middle east and we need to do something to make sure that see how isn't the best interests of the united states the united states in something well before
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the 12th. stranger a great op-ed in the journal about the iran warning that basically without sanctions to fund the war in syria. really great piece folks can look out. thank you. we appreciate it. >> thank you, cheryl. gerri: it turns out facebook is an deal the profiting off your data. cheryl: tracee carrasco has that story and other headlines making news. >> you govern to the telegraph is sold data access to the same firm for the millions of facebook users without their consent. the firm paid for one day of access and gathered a random sample of public treats covering a period of time between december 14th of april 2015. twitter said that it did not find any access to private information. cheryl: stained with twitter, trying to rent the video.
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>> twitter announces signing more than 30 deals with outfits like disney and nbc universal to increase its video content with more news, entertainment and sports. nbc universal will distribute live video clips through twitter, through nbc news, msnbc and viacom working on creating new formats while disney is working with twitter to create live sports programming and other content for the platform. train to the beat goes on. let's talk about the story we are all excited about today. oreos. as a cherry cola oreo >> there sure is. oreo ads received hundreds of thousands of ideas suggestions for the new flavor. so now we have a chance to pick from the top three finalists in the flavors are cherry cola as you said, kettle corn and piña colada. they have a cherry cola flavored cream filling. the piña colada.
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or it didn't have a coconut and pineapple flavored cream and a battery kettle corn taste with puff pieces inside the cream. oreos has other suggestions included avocado flavored. also coffee and doughnut oreos. gerri: where's the coffee and doughnut flavor? >> it didn't make it. people have until june 30th to vote online. >> i stick with the basics. we will see how the voting goes. thanks, appreciate it. gerri: and a dramatic video of a high-rise building collapsing after a monster fire. the details straight ahead. apple set to report quarterly resort "after the bell." iphone tannin. iphone tendinitis on a sales watch very closely. jonathan hoenig is an expert preview. let's look at the u.s. stock index futures right now. the dow down 58, s&p down for. the nasdaq down 17.
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apple iphone this time around. pray around. pride out of my dead cold hands. the question is how many days did they sell in the prior quarter? analysts have been moving down the estimates had expected about 55 million units will now look like 50 million units. your point about the one trip tony is right on. the iphone accounts for 60% of apple's revenue. this is their big driver. not only are investors listening but the numbers for light fare, but also some of the other areas like apps, music from the cloud. these are other areas investors are looking for some growth. it doesn't come from the phone. better come for the other areas.
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the options market is expecting a 4% move for apple if apple goes, so goes the market. trend to reach a show to full screen pivots popout back up again. as expected at 209 million moved down from 220 million. a big change there as we think about how well can they do with these iphone sales. i want to move you on to whether this could be a goodness quarter for existing shareholders as the company is expected to updates by about program, dividend programs sitting on $163 billion in cash. is this the right way to use the money? it will make shareholders happy. that's for sure. >> they hope it will. apple's cash on hand and finland and jamaica combined. we are talking about hundreds of millions of dollars. will it be towards an increase
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in the regular dividend, more share buybacks and apple has pledged overtime to reduce the cash forward to make what they refer to as net neutral when it comes to cash. something will be done whether it's a major acquisition. these are all questions investors will be asking. gerri: you brought that up. should miss company by another company with all this money and improve its top line, revenue and ultimately its earnings? >> they have done that in the past year. they bought peace for example in that sense. "after the bell" as he said. keep in mind amazon come another one of the big tech stocks today , 10% off its all-time high in the stock will move "after the bell." train for apple, the
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president trump asking for african support to cohost the 2026 world cup. >> we also will be supporting you and that they will likewise support a in our bid with canada and mexico for the 2026 world cup. we will be watching very closely and any help that they could give us an update we would appreciate. cheryl: well, the u.s., canada and mexico had the competition with morocco which is to get support from several european countries and african nations. president trump tweeting that it would be a shame if u.s. allies lobbied against the north american bid for the vote takes place next month in moscow. at noon today, president trump resenting the commander-in-chief trophy to the u.s. military academy football team. the army black knights of beating out navy and the air force to capture the title. and then there is this. tom brady ending weeks of
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speculation confirming he will be returning to the new england patriots next season. brady is going to be 41 years old and it does make in the oldest starting quarterback in the league. gerri: i'm so excited. basketball much-anticipated between the 76ers in the boston celtics in an all-out effort proving too much for the sixers celtics taking 117 to 101, the second loss since march 17th. in hockey come in the las vegas golden knights are back to their winning ways. william carlson to help his team to a two to to a two to one later this series. the knights have only one playoff so far. not bad for next manchin team. cheryl: not at all. a lot more coming up on the show. the trump administration delaying steel and aluminum
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tariffs for the european union. we'll get reaction from london. that is straightahead on to "fbn:am." ♪ mom? dad? hi! i had a very minor fender bender tonight in an unreasonably narrow fast food drive thru lane. but what a powerful life lesson. and don't worry i have everything handled. i already spoke to our allstate agent, and i know that we have accident forgiveness. which is so smart on your guy's part. like fact that they'll just... forgive you... four weeks without the car. okay, yup. good night. with accident forgiveness your rates won't go up just because of an accident. switching to allstate is worth it.
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another month. -- emma mahony at ig in london joins us now. good morning. good to see you. tell us the reaction to the delay. >> good morning. well, it's obviously a positive thing. it gives us a little more briefing room. we didn't necessarily want to see the exemption run-up in all the suddenly see aluminum and steel tariffs imposed on the e.u. but for me it's for me at the case of kicking the can down the road. we hear about potential deals in place for argentina, australia and brazil and by and large it looks like we will see the u.s. hold out until we see some deal with e.u. maybe it won't necessarily roll over and give that kind of answer. we certainly heard from the main act to defend the commotion necessarily have to deal with this extension should be extended indefinitely. certainly we've been hearing those kinds of terms from angela merkel spokesperson. from the top end of the e.u. telling you they should have an
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extension to that indefinitely. are we going to see a rollover like they have done in some other parts of the world? i don't think that's going to be the case. this could be an issue delayed for another month. churn through coarse voices are coming out very strongly against negotiations. amazon struggling in europe when it comes to apparel and footwear. i think were little surprise to hear that because they been so successful in the u.s. what is going on there? >> i didn't know it was a thing in the u.s. we don't necessarily utilize amazon for that kind of purpose. mainly because it doesn't have huge target audience for a term of clothing you generally know what kind of website you want according to the quotes you have. it's very difficult because they seem to offer so much it's quite difficult to find exactly what you want. >> thank you for that. appreciate your time today.
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cheryl: thank you for watching "fbn:am." we now send it over to dagen mcdowell who is in for maria bartiromo. >> good morning, everybody. i am dagen mcdowell in for maria bartiromo. it is tuesday may 1st. top stories at 6:00 a.m. eastern. the trump administration pushing back the deadline for exemptions on the steel and aluminum tariffs. what the move means for a trade confirmed ahead and our relationship with our most important allies. earnings in the drivers seat showing a 41-point loss on the dow industrials right here right now. the dow losing 148 points yesterday. today is allies on apple. set to report fiscal second-quarter earnings "after the bell." investors watching for weaker than expected iphone sales. shares right now are up about it. the 1%. markets yesterday tumbling again deep in the red to start this
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week to wrap up the month of april. all the major indexes matching narrow gains for that month. in europe, take a look at england, france and germany. the foot the 100 is up about four tenths of 1% right now is that their market closed for a holiday. asia overnight only the nikkei has been up less than two tenths of a percent and the hang seng shanghai and kospi all closed. putting scandals in the rearview mirror. maria sat down for an exclusive interview with the ceo of wells fargo, tim sloan, but the steps debate has taken to cleanup the stocks. >> where we are in terms of the account, the retail accounts that we have sold to customers that maybe they didn't need more than instead of remediation. we reached out to 120 million different
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