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tv   FBN AM  FOX Business  June 21, 2018 5:00am-6:00am EDT

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thanks so much for watching "strange inheritance."' and remember -- you can't take it with you. ♪ >> working to keep families together, but the borders going to be just as tough as it's been. [inaudible conversations] executive order to keep families together at the border. democrats can't take yes for an answer. they are still not happy as they are set to vote on two critical bills. >> china telling the u.s. senate trade war will only hurt u.s. workers and farmers. the latest on the trade for tat. gerri: a lower open this morning after we solve 70 points higher on the dow now down 55.
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s&p 500 opening three points lower. nasdaq up 1.5. tracee: let's take a look at asia could the nikkei pointing out. all down more than 1% this morning. gerri: the ftse to open higher but in france and germany come of the expected to open lower. dax by 56 points. >> finally named the ceo. "fbn:am" starts right now. 5:01 a.m. in new york on thursday, good morning i'm gerri willis and for lauren simonetti. gerri: lots of news. let's get to it. president trump holds a big
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rally cutting process on immigration and trade after the president signed an executive order to allow parents across the u.s. border illegally to remain with their cn. tracee: connell mcshane is in duluth with the details. >> the president rallying supporters in duluth, minnesota in doing so in a day when immigration was all around the country. spoke briefly about the executive order signed earlier in the day allowing parents and children after crossing the southern border but quickly pivoted to the tough stance he intends on keeping when it comes to the topic of immigration. >> so we are going to make it great for americans and we are going to take care of people and those who are ports of entry. we want people to come in through merit, not just her luck or happenstance. >> the campaign style rally is taking a lot of time to gripe
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about when it comes to the economy. here in minnesota he talks about international trade. it's a big issue for the local economy here in duluth, which is a port city. many people we've been speaking to are quite supportive of the president recently announced tariffs on steel and aluminum. he spoke about that. >> we've been ripped off by almost every country on earth. >> before coming to the rally, the president made another stop nearby at the roundtable event for business leaders where he talked more about the trade issue. once he was here, the crowd was ready and certainly fired up to see him. tossing it affect you come you, gerri willis and tracee carrasco in new york. there are a number of tracee carrasco and i ran into here in the city of duluth. i understand that's what you need your start in the television business and i
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learned that tracee carrasco still huge in duluth. trinity thank you, connell. i got my start parent fox there in duluth, minnesota. some democrats claimed the executive order. senator bernie sanders treating the executive order merely replaces one with the other at the public outrage at its policy of tearing children away from parents at the borders, this administration thinks the appropriate response is to indefinitely detain families. senator dianne feinstein treating it's extremely troubling the executive order would require immigrant families with children to be detained indefinitely. theater appears to be the next step in the trump administration's larger agenda to eliminate a sick protections for asylum-seekers. gerri: a pair of bills to hit
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the house today. a tense moment, camera between the chairman of the conservative house caucus in the house speaker. congressman mark meadows angrily confronting speaker riot over immigration bills on the house floor. i guess you can call a republican on republican violence. after going on the vulgar twitter rampage, melania trump alerted the secret service after the nominee posted this tweet attacking president trump's saying he should be kidnapped and put in a cage.
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the new 1040 tax form is the size of a postcard.
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back to you. transfer i can't really believe they're going to get a tax on the size of a postcard. that's amazing. virgin labor and education department today. the move would be part of a larger plane to work plane to organize and shrink the federal government and the new plane is mine with the trump administration's goal of retooling higher education programs to better prepare students to join the workforce. proposed changes would require google from congress. no idea if look at that. drain to the ball and comcast corp. walt disney entertainment assets. disney raising debate $27,123,000,000,000 popping comcast rival $65 billion offer. fox says the disney deal is superior to the proposal. the bidding war comes as traditional entertainment companies try to compete for strewing giants like netflix, amazon and google.
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shares of 21st century fox, the parent company of fox business network at an all-time high while disney shares rose 1%. trained to just gets richer and richer and richer. saudi stocks getting a lift today in words that the kingdom talk exchange will be part of morgan stanley's emerging market index coming ahead of aramco's plan to go public creating the world's biggest ipo. it's going to be amazing. the addition to the index could attract billions of dollars in foreign investment. jamie dimon and jeff bezos back in february starting to take shape. the power trio are now saying that dr. atul go one day, will leave the company as its chief executive. also a best-selling author and founder of an american mind. no further plans for the unnamed
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company. gerri: i can say this guy is well regarded that they are very excited about this. he's not a fan of all the money sloshing around in health care. the question is how do you do it. he says you've got to get the health professionals in the mix to bring those costs down. tracee: i agree with that. gerri: sales from drinks at starbucks are down 3% a year ago. consumers are thinking twice about downing those extra sugar and calories. kevin johnson raised an issue to investors that analysts say it may also be the high price of the drink as well as competition. coming up, elon musk seeks revenge on the tesla employee says try to sabotage the company. president ronald reagan suddenly found a star. details on who landed the role of the gipper will have them. u.s. stock index futures now. let's take a look.
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dow points of the 97 points lower. the nasdaq down 12. i was hoping for something better. you are watching "fbn:am." ♪ to your bumper, cause.... i don't think enough people heard about your big day. but nothing says "we got married" like a 12 ounce piece of scrap metal. yo! we got married! honk if you like joint assets. now you're so busy soaking up all this attention, you don't see the car in front of you. and if i can crash your "perfect day", imagine what i can do to the rest of 'em. so get allstate, and be better protected from mayhem. like me.
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>> welcome back. let's get you caught up on what's happening now. the dow industrial average points opened on 99 points. the nasdaq down 14. after such a nice day yesterday too. gerri: group on passengers were a woman was nearly out a window pursuing southwest and boeing cramming passengers were confirming with their greatest fear, the overwhelming trapped in a plane. the plane forced to make an emergency landing when manchin exploded in midair and broke a window back in april. one woman was killed. tesla involved in the lawsuit that the company accusing a former employee of hacking into the automakers computer system to steal data. the former employee admitted to transfer in several gigabytes of data including photographs and
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videos to unnamed parties earlier this week. elon musk option to be on the lookout for saboteurs and how is getting his revenge. meanwhile, dennis quaid is bringing ronald reagan back to the screen. the former president to the new biopic rean. it will explore reagan's life from boyhood through his presidency. that is what is happening. gerri: also mentioned earlier, the european union plans to impose billions in additional tariffs on u.s. exports in reaction to president trump steel and aluminum tariffs. more than $3 billion by chance, motorcycles and bourbon. are we on the cusp of a fellow trade war. let's bring in senior fellow for fiscal policy at national taxpayer union. i want to get to a soundbite from president trump in duluth yesterday. let's explain right now.
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>> the one thing nobody talks about is the money pouring into the treasury. these tears talking about billions and billions of dollars in money pouring into the treasury. we forgot about that. nobody ever mentions in nobody ever mentions the job. >> is he right? is there money pouring into the treasury? >> we have the booming economy to think. not tariffs in honor of regulation policy and impacts our ability to increase commerce here. make no mistake the president are salivating at the opportunity to try and condemn the tax reform to sign into law last year. the economy is objectively booming because of the reforms in the tax system is busted the regulatory agenda the administration has pursued. the question is is that offering an opportunity for the economic growth to slow and i would argue it is. so when you look at terrorists
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potentially going into play not only this month but the next, we see some slowdown and the uptick in economic growth. the best way to inc revenue is to make the pie bigger in order for revenues to grow. >> let's get to the e.u. is there a chance for in a last-minute deal before tariffs on u.s. goods are expected to take effect tomorrow? what you think about that? >> there's always a chance for a last-minute deal to the question is whether or not the president wants to pursue one. the administration needs to be clear on what the intended consequences are. except for a long time and had the national security justification for it, but when you look at outlays in the e.u. come at the question of whether or not it's accomplished national security aim. the weakening of our relationship process in a more precarious situation from the national security at and what
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has bettered national security imperative and a strong national economy. when we look at the things that make the united states safer, having strong economic growth is certainly one of them. >> thank you very much. appreciate your insight. >> still ahead if you're planing to the road this fourth of july, they just a little bit early. today marks the first day of summer. hallelujah. janice dean will be here with what you can expect for the longest day of the year. checking in on stocks, futures this morning. the battle for 99 points. the s&p 500 down a .5. nasdaq down 16. you are watching "fbn:am." ♪ brighthouse financial
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gerri: just in time for summer. o-oscar my receiving in the trouble of firing up the grill. if you're looking at the jackpot complete with its very own hot dog hero whose mission is to deliver fresh hot dogs straight into people's hands. the jet pack is the company's latest addition to its fleet. they have the mobile, cycle, drone. what do you think? tracee: i would take a jet pack. gerri: it would be great to get around manhattan traffic here that's all i'm saying.
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if you don't have a jet pack to get around this fourth of july come you have to settle for a card and lots of traffic reporting to aaa 47 million americans will be on the road this independence day. the highest number on record. more than 5% in 2017. the average gas price right now is $2.87 at 59th 10 from last year. i will be staying right here this fourth of july. gerri: i can't wait. one of my favorite holidays. i like all the fireworks and fun. great stuff. before you head out the door, literature thursday forecast with fox senior meteorologist janice dean. happy summer. reporter: yes, we will have over 15 hours of daylight here in new york city. that's exciting. temperatures right now had a little bit afraid earlier.
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65 in chicago, seven in minneapolis. cooler across those rockies give us 24 hours heavy rain across the ohio river valley. incredible videos from pennsylvania yesterday in texas over a foot of rain over the last couple days. you can see this is just within -- since sunday. a foot from coastal texas up towards beaumont, texas to louisiana. then it will start to taper off. flash flood watches and warnings here is your forecast today for the rest of the country. 95 in his stand. was 75 in new york. we should celebrate it with ice cream. >> perfect, janice dean.
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coming up next, president trump signed an executive order to keep families at the border because it was the right than to do. >> if you really, really pathetically weak, the country is overrun with millions of people. if you're strong, you don't have any hard. perhaps i'd rather be strong. >> will it be enough to get democrats on board? our political panel weighs the next big instagram going beyond beautiful photos. the act's newest feature. u.s. stock index futures take a look right now. dow futures down by 111 points. s&p 500 down nine and three quarters the nasdaq down by 20 and three quarters. you are watching "fbn:am."
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gerri: breaking news this morning. president trump signed an executive order to stop them is that the border. democrats still not happy as house republicans are sad hours from now on two critical bills. futures right now not looking so good. s&p 500 down by a .5. nasdaq down by eight team. gerri: than a cantaloupe and little bit higher. the handshake and cost the open lower. taking a look in your spread across the board, the ftse down by one. cac down by 22 dax down by 115.
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>> here's an important story you will not want to miss. how much will you pay for unfiltered hot dog water. "fbn:am" with the news right now. 5:31 a.m. in new york on thursday, june 21st. first day of summer. tracey carrasco in for cheryl casone. gerri: gerri willis in for lauren simonetti. tracee: lots of extra daylight today. president trump stepping into release an executive order to keep immigrant families together. he remains as tough as ever and immigration policy. gerri: ellison barber has the
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details. >> illegal immigration continues to heat up with pictures of the white house will just make the situation worse. debate over immigration took center stage during a make america great again rally in minnesota. >> we are going to keep families together, but the border is going to be just as tough as it's been. >> this hours after president trump signed an executive order aimed at keeping families together across the southern border illegally. the order is aimed at keeping families together, but it does not change the administration's so-called zero-tolerance policy. the secretary of homeland security to maintain custody of alien families while criminal and proper injury or immigration proceedings play out. a 2015 ruling related from detaining to file a request to modify the settlement agreement
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and allow dhs to detained migrant families throughout their proceedings, proceedings that can take weeks or months. the aclu says the executive order will replace one crisis for another. congress is having their own problems finding a compromise. speaker of the h phone lines was caught on camera having a tense moment with the leader of the freedom caucus, representative mark meadows. >> i would say none of this reflects well on congress or the administration. >> washington d.c., ellison barber, fox news. >> jesse james duff and howard franklin now. a retired marine corps gunnery sergeant and a senior fellow at the london policy for research. a democratic strategist. democrats and members of his own party backs off separating families at the border. they are saying immigrants in your reaction.
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>> i appreciate the sentiment to sign this executive order. ergo some problems in the executive order does not address and fix. this will see immigration as an issue continue to be a driving force is the midterm elections. >> i just want a note here on the issue is a definite republican senator marco rubio treated this. the u.s. detained immigrant children indefinitely indiscriminately. they are entitled to due process hearings so not indefinite. what you make of this debate of the two big house bills. the goodlatte bill and a more moderate bill. what do you think?
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>> president trump was elected to stop illegal immigration that one of its very core issues. democrats are very upset because they failed to do anything under the obama administration. we know that the aclu recently released documents in may of this year that indicated there was massive abuses being detained by the border, customs and border's protection. what's happening is nobody was correcting it. give us a call out to democrats to protest president trump. this is going on for decades following the act in which they cannot detained children with their families when they ventured illegally. this is something in place for decades. tracee: interesting. howard, to you. one bloodline and immigration bills will have to pass. the more moderate counterparts. see the video of house speaker paul ryan and freedom caucus
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mark meadows in a shouting match yesterday. take a look at this. i don't think we have any audio with them. they are at each others' grills there. is there any chance the democrats will support this compromise bill? >> it's really unlikely that democrats will support the compromise are the more conservative bill. this iot the process president. but he put forward for at least republicans haveut together pieces of legislation giving republican lawmakers a choice instead of coming forward with a single piece legislation in charge of all the issues. acknowledging two caucuses in two very different bills i don't see much hope for either crossing over. gerri: the finish line is an open question. the president doesn't seem to have any trouble with this space. last night's rally in duluth, listen. >> that democrats want open borders. let everybody come in.
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let everybody pour in. were not going to let it happen. gerri: what does this mean for the mid-term? they are on his side, but can he bring more people into support him? will it just be his strong anatomy of pace? >> of the congress fails to act on this and give amnesty, with the critical problems. this will cause the collapse of the party. the american people in congress must close the loopholes. if you don't want children detained, you've got to stop the loopholes that allow to see their children. they come into this country illegally. if the republicans start granting amnesty, it will be a collapse and we will fail. >> long way to go.
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great to see both of you. ies have subpoenaed the national enquirer for records relating to a payment to a former "playboy" model for the rights to her story alleging an affair with president trump. a broader investigation michael and determine whether they violated campaign-finance laws and whether or not mr. cohen was involved. >> south korean president boone is headed to moscow to meet with russian president vladimir putin. our next guest way saying. take a look at the u.s. stock index futures right now. a little bit of improvement. the dow 75, s&p 500 up five, nasdaq down 11 points five. you are watching "fbn:am."
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north and south korean diplomats said to me today in hopes of reuniting families divided by the korean war. the two nations agreed in april to formally end the 65 year long battle. this is south korean president boone heads to moscow for a three-day summit with russian president vladimir put. instagram launched its new video platform called hdtv. they post high definition videos up to an hour long. the 1 billion monthly active users will be able to view videos in the instagram app though there is a growing demand from advertisers. igtd will not feature advertisers initially. how much would you pay for unfiltered hot dog water. people are coughing up $38 for the unusual drink that comes in a sleek glass bottle with water
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in a single hot dog. the company that makes the concoction claims it can help with weight loss, increase brain function and make you look younger. no word on how it tastes. tracee: i'm all for looking younger but i draw the line somewhere. gerri: my gosh. higher yesterday investors putting their money to work in tech stocks as the u.s.-china trade weren't used. cadaver group president gary b. smith joining us now. always great to see you my friend. look, i saw yesterday everything is stabilizing. the nasdaq hitting all-time highs who seem to be getting our wings here. is this a head fake or markets really setting trade yours as a side now? >> i don't think the market is unreceptive fears aside. you've got the trade figures,
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the hold deficit spending fears. you've got the fact that we haven't been in recession for quite a while. things at least here in south florida honestly in real estate and other areas seem a little bubbly today. that said come you make a good point. tech stocks are performing phenomenally for the reason you allude to. i wouldn't say they are totally immune to trade wars, but if there's a full-scale trade were breaking out and we are starting to fight on a number of different friend, i certainly think it's the place to be. >> on any pullback, should be by the same stock at amazon, google, apples, stocks that frankly carry the market for all of us here. >> exactly. i do think that. i hate to say because i probably sound like a lot of other people, but it just makes sense the way i look at a lot of stocks. in my spending money on the
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product or service almost every day? i certainly am within certainly am at amazon. i certainly am with netflix. netflix user out there couldn't tell the difference between the trade war in korean war saying i'm using my netflix tonight are ordering somethin amazon. that is why the stocks seem to be so bulletproof valuations aside. >> the beat goes on with those stocks. at the end of the day we'll get back to trade at some point. should we make the adjustments in our portfolio as the whole issue of china plays out? >> you know, that is a valid point that you make. dhs then i would make is this. eventually the world, trump, other countries come to their senses and find a resolution on this trade. it never lasts forever. didn't last forever back during the smooth terrace that long
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ago. didn't last that long when bush put together the steel tariffs. it's going to go away. the stocks getting battered by trade, the average investor out there should be looking to buy the stocks because they'll evenally pick back up. gerri: just to be clear, this is not smoot-hawley because this is a big impact on the market. >> gimmicky bad night was born in countries like india are starting to retaliate. could this get blown out of proportion? if things start small and go further than you think. i do not think it will become that big. i'm not all that worried about a full-scale world war trade war. >> i hope you're ready. thank you very much for coming on. great to see you. coming up, as men's team played in the world cup, iranian women reach the goal of the around.
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phil mickelson had something to say about his behavior at the u.s. open or with jared max just ahead. u.s. stock index futures right now. the board down right now across the board you see the dow now done by 79 points. s&p 500 down by five, nasdaq down by 11 and a quarter. you are watching "fbn:am." ♪
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gerri: welcome back. the world cup continues today on fox sports. jared max with the latest from competition in moscow.
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>> wild world cup it has been. the big guys are getting it down like richey on over richey on a banal the weekend scores. articles victory yesterday also to advance the second round in a victory for spain. spain beat iran why nothing while diego costa was intended to be an actual goal. it ricocheted off the legs and then, writing to them that. soccer players did not win yesterday. recite gigantic dream progress of women's rights. first time since the revolution of 1979 women were allowed to enter tehran's largest stadium for viewing party of the soccer match. giancarlo stanton may have finally earned his yankee pinstripes with one swing last night. bottom of the ninth inning in new york yankees came back against seattle and stanton came to bat.
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>> in the page. [cheers and applause] >> signature moment indeed. how my number 18 that the mariner 75. leave boston by two. should phil mickelson have been disqualified for the u.s. open for the third round? nicholson occurred to a group at a major golf rule. he was given a two shot penalty allowed to continue. mickelson that they said it was something was something he only started doing and he finally did it. yesterday he changed his tune some. i know they should've come sooner but it's taken me a few days to calm down. clearly not my finest moment then i'm sorry. gerri: come on, now. just an apology? i take great exception to that. he did something that anyone else would it then penalized
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for. >> he should've gone stage but do not win. the first season to the stanley cup final last night. they sweep for words. the biggest nod went to the new jersey devils. taylor hall takes home a trophy for the most powerful player. gerard gallant, head coach of the golden knights coach of the year and matthew brizola the islanders rookie of the year. check this photo out. this woman is katie mcveigh. she got injured at monday's philadelphia phillies game. not by a baseball or piece of data. wrapped in duct tape launches out of the hot dog launcher. they've been doing this for years but nobody's ever gotten hurt before. katie has a bad shoulder stopped her from maneuvering. to cause a small hematoma in her eye. hit her like a ton of bricks. she's in great spirits. it gives people a good laugh and
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make somebody chuckle that's fine. gerri: no lawsuit, that's fine. a friend who's a lawyer calls are today. there's some money on the table. thank you so much. catch sports reports on fox news headline 21st at an sirius xm 115. >> thank you. tracee: with the bank of england raised interest rates? tell us what traders in london are staying straightahead on "fbn:am." how do you win at business?
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gerri: the bank of england on interest rates today. scott, managing director of europe. good to see you. how are you? what are you looking for from the bank of england? >> the minutes of the meetings. general consensus is they won't. trying to make it look like it's okay i'm better. construction slowing down in a lot of things they don't talk about your the retail sector was some vague general stores and people. they might have missed their
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chance although investors think there's a 45% chance to do it by august and 80% chance by the end of the year. things feel like they're coming off the boil. trendy european tariffs on goods like harley davidson motorcycle, peanut butter set to take effect tomorrow after president trump's decision to impose tariffs on european steel and aluminum. what impact do you think that will have on the market? >> suburban dykes and blue jeans were worried about the 2.6 billion euros for the taxes on those types of things where we are taxing still not a tit-for-tat. ultimately something that will be small. i don't think it will last forever. president trump doing something to get something done elsewhere and they been caught in the crosshairs. drapery appreciate having you want.
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tracee: thank you for watching "fbn:am." mornings with an array starts right now. >> cave bear, ladies. happy thursday, everybody. it is thursday june 21st, 1st day of summer. top stories affixing on the east coast. trade tensions weigh in on the market. features indicate a lower opening. dow industrial done 94-point. s&p 500 and nasdaq down a quarter of a percent apiece. president trump shaking off concerns and touting the progress in his fight for fair trade during a fiery rally last night in minnesota. >> we want fair and reciprocal trade. we don't want trade like we had for so long. remember the word reciprocal. we have been ripped off by almost every country on earth. our friends and our enemies. i hate to say it, our friends to a bigger and better jobs in the
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enemies. but those days are over. maria: all the highlights from the rally. meanwhile, the nasdaq climb into record territory yesterday after amazon, google, facebook, netflix hit all-time highs. the nasdaq in yesterday at 55 points. up three quarters of a percent. dow industrials down for a seven session in a row finishing 42 points lower. in europe, markets look like this on the heels of the weakness in the u.s. down a fraction. cac down half a percent in the dax done better than 1% this morning. asia overnight take a look at the situation. the one winter of two thirds of a percent. worst performer was china. shanghai down one and a 3%. hang seng in hong kong down one and a 3%. immigration overhaul. an executive order to prevent family separation at the

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