network. former federal prosecutor sydney powell joins us. thanks for being with us. good night from new york. >> we have tremendous powers. we have to. including cars. cars is the big one. gerri breaking news this morning. the president threat to impose deep tears takes center stage in washington today. for investors, earning has taken this spotlight the dow up 79 points yesterday. gerri i like that. microsoft will be in focus. u.s. stock market futures down 25. the s&p 500 down nearly five. >> in europe, stocks opened slightly lower and right now you can see this with tears in

positive territory but this dac is trading negative. gerri what's happening worldwide. stocks in asia -- adam: is the flip phone going to make a comeback? we'll tell you about samsung's plan for a foldable smartphone. "fbn:am" starts right now. turning to it is 5:01 a.m. in new york on thursday, july 19th. i'm in for lauren simonetti. adam: i am adam shapiro and four at cheryl casone. drinking a lot going on and a lot of news to cover. into policy again. adam: a lot of people watching

all of this. gerri president trump holding russian president vladimir putin responsible after appearing to boot the russian president over u.s. intelligence. president trump trying to make things clear. you disagree the russian metal than the 2016 election. >> but you haven't condemned prudent specific. do you hold him responsible? >> i would because he's in charge of the country just like i'm responsible for things that happened in this country. as leader of the country would have to hold them responsible, yes. >> administration officials again shifting into damage control when the president appeared to say that he did not believe russia was trying to influence this year's midterms. gerri blake burman reports from washington. >> the white house having to fend off concerns that president trump doesn't that the intelligence community's assessment of the relates to

russia. the director of national intelligence dan coates said that the russian election is ongoing and pervasive, but this response cast out. >> is russia still targeting the u.s., mr. president? >> sarah sanders was that he now wants to know he won't take further questions. the white house believes there's a challenge in russia. >> we believe the threat still exists the mulch is why we take threats to prevent it. >> to give democrats more ammunition to challenge his leadership. chuck schumer say mr. president, it is time to top taken the word of a kgb agent over your own official. they will not trust to protect them if you continue to picture interests ahead of those of our country. back to you in new york. >> meanwhile, president trump hoping to change the focus to jobs today.

he sat to sign an executive order poster and workforce training with the number of skilled workers in the u.s. workforce at a time when a lot of companies are struggling to find qualified employees. >> meanwhile, trump administration impose tariffs on imported cars and what's expected to be a hot topic at a hearing this morning. president trump threatening to impose tariffs of up to 25% on cars and car parts in the face of strong industry opposition. trump saying that tariffs are needed in order to win trade concessions from europe. >> we said if we don't negotiate something fair than we have tremendous richard duchenne, which we don't want to use, but we have tremendous powers. we have to. including cars. cars is the big one. gerri the administration says that tariffs are needed to protect national security.

they are expected to come up with a european commission president visits the white house next week. the u.s. imported 176 lillian worth of passenger cars. gerri farmers on capitol hill sharing their concern over how those tariffs from china are affecting u.s. agriculture industry. gerri more from our own abhorrence. >> good morning, and gerri. they are telling lawmakers they support the plan to open markets like china's. prolonged tariffs could cause thousands of people to lose their jobs. specifically china has targeted for retaliation as farmers leveling 25% tariffs on many crops the u.s. exported another cultural loan to china $24 billion last year. >> agriculture is bearing a bunch of retaliation at a time when farmers are facing low commodity prices, high input costs and of course unpredictable weather.

the income has jumped 52% in the last five years making it extremely difficult for farmers and ranchers to continue upgrading. the trade work comes at a time we can ill afford it. >> jerome powell told the financial services committee that they would have a negative impact but if tariffs lead to more open trade, that would be a good thing. the economy needs to keep going because the current fiscal policy is unsustainable. >> u.s. fiscal policy has been on an unsustainable path for some time. >> tired to? >> the debt is going up faster than the economy. >> so far the trade dispute has not affected the overall economy, but it is starting to just no effects on local eyesight is like agriculture. back to you. >> we are watching that today as well. the tech sector in the spotlight as microsoft is scheduled to report its fourth-quarter earnings after the close.

the stocks traded and ended near record high of 10% in the last three months. microsoft to report $1.8 a share, 9.8% gain. the company coming off a strong quarter when revenue soared 15%. ceo sasha and adult toy maria bartiromo microsoft has momentum. >> on a long-term basis if i have to look at it, it is absolutely going to increase. just because everything that we think about, every place is being digitized whether it's retail outlet or a hospital, stadium come to your home or your work place is increasingly getting embedded in the real world. gerri what will microsoft share an ip? shares of stocks are slightly lower. fox business will have results as soon as they are released. >> you might like old pizza in the morning, but we've got a

story. before his departure from papa john's, founder john had plans for a possible merger. gerri tracee carrasco joins us with that in morning. >> "the wall street journal" reports founder john schneider held preliminary talks to merge the pizza chain with wendy's. since the resignation last week prompted by his use of a racial slur during a conference call. following the news that the potential merger. papa john's is down year-to-date while wendy's is out. >> saint-saens, i want to talk about the flip phone. who wants a flip phone? adam: i like the old motorola "star trek" flip phone. >> this is the flip phone of the future. "the wall street journal" reports and sun is working on a foldable smartphone that may be unveiled as early as next year. the film will reportedly have a

seven-inch display that benson have kind of like a wallet with screens on both sides. this is the first of its kind. it will cost you $1500. hopefully the battery will not explode on it. adam: unlike a lot of will be empty, no passionate. adam: netflix as well. >> yes, netflix come into your radio by teaming up with sirius xm on a comedy channel. the channel will debut in 20 night teen and featured netflix original comedy content commercial free. adam: i like the commercial free part. gerri they've got a good name for it. netflix is a joke. which is kind of genius. tracee, thank you for that. gerri how brother the west and the south. janice dean will be here with the forecast. the most famous arena.

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gerri welcome back to "fbn:am." the good jakarta but it's happening now. u.s. futures down 28. the s&p 500 down five and nasdaq to an 11.5. raking over nikon u.k. investigators have reportedly identified the perpetrators behind the russian nerve agent attack on the former double agent and his daughter. it set off a diplomat drama between the allies and russian government which has denied involvement. several russians were involved in the attempted murder. antitrust protesters flooding new york's times square. take a look at these pictures coming to criticize that they consider corruption in government. the protest in new york city just one of dozens to confront corruption protest held around the country. a large group gathering at the white house accusing the president of treason and calling for his impeachment.

meanwhile, pennsylvania supreme court upholding philadelphia's one point type cent per ounce soda tax. are you kidding me? baltimore's been a sugary drinks like soda from kids menus of restaurants. parents can still order them for their kids. that is unbelievable to me. adam: like buying a ticket to an r-rated film. gerri that sounded like a voice of experience. adam: ever one was a teenager once. billy joel made history in his home state of new york last month. ♪ adam: no understatement there. he's been at madison square garden for the longest time. piano man holds the record for most performances by an artist at the world's most famous venue. last night billy joel sold out his 100th show at the garden and surprise the audience of the

special guests. ♪ yes, the boss joining in the celebration in early in the day andrew cuomo declared july 18th billy joel day. transfer 100 shows is amazing. her third forecast that fox meteorologist janice dean. good morning. >> good morning ladies and gentlemen. we do have a warm day ahead of us across the south. your highs yesterday as you see well over 100 degrees in parts of texas, the southwest as well as over 70 wildfires burning across the west. not getting release in terms of temperature moisture. a lot of folks are like well, it is taught in texas, but we are talking about a dangerous heat with temperatures well over 105 degrees in some of these cases.

108, 109, abilene, austin. this is a dangerous situation for the folks down south even though they typically see hot temperatures, it's really out of control, said people need to stay indoors, take other precautions. lots of air conditioning. bring the kids inside and the pats. past 24 hours not a whole lot of relief in terms of moisture in the area. we look at potential for severe storms across the central u.s. a front will move through, but the big story of the day it's going to beat the heat across the southern u.s. and parts of the southwest as well as california the scattered storms across the mississippi, tennessee, river valley. here in new york and joined a beautiful 83 and the humidity has cut back. enjoy it while it's here. gerri perfection. 83 is beautiful.

>> alfresco as they say? is that what they say? adam: bottoms up. coming up, why is there a giant statue of actor jeff goldblum in london. also, microsoft earnings will take center stage for investors today with the stock just below record highs. we've got a preview for you. u.s. stock index futures taking a bit of a nosedive since it came on the air. temperatures on 32, nonstick features all in negative territory. you are watching "fbn:am." come away with me barnabas! but i am a simple farmer. my life is here... [telephone ring]

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gerri well, investors awaited earnings from microsoft "after the bell." earnings per share are expected to rise 10% from a year ago with revenue up 18%. jonas ferris, maxon.com cofounder and fbn contributer joins us with a preview. great to have you. always good to see you. let's start with the surnames. we see the nasdaq on tuesday hitting record highs. i know you are no big fan of microsoft. do you think the stock will do well today? any possibility they'll surprise us on the upside? >> they would let me laugh log onto my laptop yesterday. one of the big drivers the company transitioned in the business model doesn't matter what pcs are doing is cloud computing in the sun very successfully in some recent acquisitions in the past. adam: you could be a big day for

this company. cloud computing now. microsoft and wal-mart announced it yesterday, but the big win here. tell me which you make of it and how it's going to work out for the company. >> this is interesting for microsoft because their perverse beneficiary of amazon steamrolling into one else's business. competitors of amazon for future competitors of amazon don't want to do out there a.i. in everything else with their competitor, amazon. they will go with microsoft number two player and that is a benefit to microsoft that has no microsoft that has no plans to get into everything amazon has really been to. i cannot do this business with amazon, need to do this business that microsoft is the beneficiary. >> they are doing well there. it's not that they just happen to stand in the way. they are actively going after it. maria bartiromo interviewed the

ceo of microsoft this week and he was talking about the white house plan for terrorists. listen. >> i am hoping that we will come back. the president has said what he wants his fare deals and so i hope as we negotiate them, that we come back to a stable environment. gerri also told maria is important to protect international property, ip. tell them what to make about your comments about tariffs. the company stands to lose or gain the very complicated to follow. would you say? >> they might like microsoft benefits more. they don't take on the risk of an aluminum terrace. but they do get hit when the whole economy draws in a cell software. if the economy is dragging, a company that deals in metal has to fire people, shut down workstations, they prefer, but

the upside exceeds the downside in some ways because they are an i.t. company and they don't need pirated software. gerri it's interesting you bring that up because maria asked him, we understand in china much of your software is simply pirated. the expectation chain is the next best thing maybe not. i want to bring it to something from the beige book yesterday. the federal reserve looking at the impact of tariffs on the economy than they are starting to talk to these industrial companies. he was with the philadelphia fed district said. one machinery manufacturer saying the effects of the steel tariffs have been chaotic to the supply chain, increasing prices and prompting panic. what is so interesting about that, i wonder if the expert patients as much as 5% gdp this quarter is maybe people trying to get ahead of tariffs. spin my cat, click a hurricane.

it's not really a good thing. you know, the federal reserve is watching the potential terror for probably closer than they need to enter scared it could lead to economic drag. i would counter that need raise interest rates and keep them lower than they would without the threat of a terror for which is boosting stocks and everything else. these price increases are not inflation. in fact they are the anti-inflation. >> thank you for that. great to see you. adam: coming outcome will determine economy lead to that degree with republicans. we will take a look at that for you. why is there a giant statue of actor jeff goldblum in the eighth dimension. you know the film, one of his early ones. we'll explain all of this. taking a look at u.s. stock index futures in negative territory across the board as

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>> robust job gains rising after income and optimism among households have lived a consumer spending in recent. adam: to trump economy firing on all cylinders now. will that translate into republican big reason the midterm? adam: for investors, earnings have taken my life. up 79 points yesterday. transfer let's make it six. microsoft will be in focus after reports after the closing bell. u.s. stocks are poised to the poised to make it appear as future dowd on 23, s&p 500 and

four, nasdaq down 10. adam: stocks open slightly lower, backing off one-month highs. right now, only the ftse in london seems to be in positive territory. gerri shanghai, the basic loser down half a percent. >> facebook founder and ceo mark zuckerberg forced to apologize again? we'll tell you why he is in hot water this time. "fbn:am" continues right now. gerri at his 5:30 a.m. in new york on thursday, july 19th. i am gerri willis and four lauren simonetti. adam: saving tariffs on automobile imports. he says it is necessary to expect concessions from trading partners and this is despite

stiff opposition not only from the auto industry, but inside congress as well. ahead of the federal reserve shooting down the doom and gloom rhetoric about a trade war. >> robust job gains rising after-tax income in optimism among households have boosted consumer spending in months. it is difficult to predict trade policy. overall, we see the risk of the economy unexpectedly weakening its roughly balanced with the possibility of the economy growing faster than we currently anticipate. >> for all the talk of a blue wave in the midterm elections, can a roaring economy turn the blue wave red? democratic strategist antwan c. wright. let me start with you. when i hear people talking about auto tariffs because in a car nut, hear the old songs crawling from the wreckage because that's what's about to happen. why should i not be worried about a 25% import tax on cars hurting the economy and then

playing poorly for republicans? >> well, i don't think any of these tariff talks will hurt the economy. what we've seen over the last 16 months of the trump administration is that the united states is actually competing face-to-face with our competitors across the world and trying to level the playing field. what is happening, whether it is oil and gas, jobs exploding because we are now close to becoming the world's largest exporter of oil and gas. whether it is the coal industry in west virginia. whether it is lowest unemployment for african-americans and hispanics, everything the administration is doing is leading to the booming economy and that will translate into a better environment. adam: first, i am going to read it to eat that the president came out. this is robust job gains rising

after-tax income in optimism among households have boosted consumer spending in recent months. it is difficult to implement our trade policy. the risk of the economy unexpectedly weakening. excuse me, i'm reading the soundbite from jerome powell. the bottom line, antjuan, is he spreading a very strong economy. how are democrats going to respond to that? one other thing people don't talk about. wages are up to play 7% year-over-year. if you dive into the weeds, wages for nonsupervisory workers actually fell in june. they didn't go well. that's got to hurt the pocketbook. >> of course it does. to my dear friend on the other side of me, i know it's early in the morning. he skip the coffee once great to the trump kool-aid. if you look at places like south carolina where i'm from, and they will cut through the fabric of our local economy.

while he examined the economy as a whole, will we do know is to look at rural america, forget about trying to make ends meet. still people putting two ends together. the truth of the matter is there's still a lot of work in this economy is not as is not as boring and sme pretended to be. the president has problems. his tax cuts, his tax scam will be a problem for middle-class working families and tariffs will hurt him place his trump was successful in fixing the election. adam: ted, i'm sure the administration would respond that formally americans have received bonuses of at least $1000 for pay increases of $1000. the fact is those bonuses are one time. they are not necessarily pay increases you have to pay taxes

on. but may go to tag. how will the administration talk about a booming economy benefiting a lot of people when people on main street may not actually have as much money in their pocket. nonsupervisory wages fell. they did not a lot. >> you have to look at the overall economy. during the obama administration we barely got 2% gdp growth. we've had over 3%, close to 4% gdp. what you are seeing is african-american unemployment been a record low. those individuals have seen their pay will go up. they know what having a job means. the people that are working in west virginia, that now have jobs in the coal mines, they know that their jobs are protected. what we are seeing is an economy exploding the way we haven't seen since ronald reagan's tax cuts 40 years ago.

this is an economy that will continue to explode. >> you cannot deny -- >> you brought up west virginia. we are not adding mining jobs. >> there haven't been new mining jobs. >> during the obama administration, they were closing down in colorado. they were closing down and now we are actually seeing is coming back up. we are seeing the coal industry have a resurgence because of the policies of the trump administration. adam: one more second and then it got to rock. >> the coal industry is not a reflection of america. you can rehearse your talking points, that they are not as good -- they're not as great as you're pretending to be paid for middle-class tax scam. adam: we are jumping all over each other, so we are going to cut it there. thank you, ted and antjuan the

right. you guys have a good day. gerri: ac. facebook ceo mark zuckerberg in hot water after making controversial comments. adam: tracee carrasco joins us with more on that. >> mark zuckerberg trying to clear up the controversial comments after he was quoted paid some holocaust deniers are not intentionally getting it wrong. the comments were made at an interview with ricoh has decided holocaust denials of controversial misinformation that facebook would allow the site. his comments drew immediate criticism from civil rights groups like the anti-defamation league. zuckerberg clarified later by saying i personally find holocaust denial deeply offensive and i absolutely didn't intend to defend the intent of people who deny that. adam: this site is saying it will take action against violent

pose. is this something that goes out of the hearing we saw earlier? >> as commanders is something of a spec said they removing posts that could spark violence and comes as a response to criticism and the spread of misinformation on facebook has led to people being physically hurting countries around the world. is facebook spokesperson said it will begin in a couple hotspots and later in the end mark on the two countries with people and groups have used facebook to spread rumors that ultimately led to physical violence. gerri: a lot going on there. we have to go back to what jeff goldblum. >> take a look at this. a statue of london with jeff goldblum at the sheraton button. friend the original jurassic park movie in 1993. why is that their u.s.? it was put up by a sky subscription service to celebrate the 25th anniversary.

can you believe it's been that long at the jurassic park movie? the movie is being offered as part of their subscription package. the statue is not permitted. it will be gone by dinnertime today. look at that. adam: do we have to? gerri: is having a moment. he's on magazine covers. adam: he's pretty old. i mean, i'm just saying. >> i was a good one. i'm going to get a phone call from management. coming up, we'll show you how fiery trapeze act was suddenly wrong. amazon tossed 900 billion in a market cap. what is next for the so-called bank stocks. will they remain the market leader is and what are the alternatives to tech stocks. u.s. future is still in negative territory across the board. you are watching "fbn:am."

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adam: welcome back. it should cost about copyright now. u.s. features can see across the board futures are in negative

territory. s&p 500 down five and three quarters on the nasdaq down 15 and a quarter. house republicans overwhelmingly passing a measure to back the immigration and customs enforcement agency. 133 democrats held their votes in protest. most democrats have distanced themselves from the abolished ice movement while a handful embraced dismantling the agency. california will remain as one state for now. the supreme court ruling unanimously on a lawsuit calling for three separate states to be removed from the november ballot. the proposition did receive them enough signatures to qualify, but the six justices on the court said they are significant questions that still need to be inserted. a dazzling trapeze act are dangerous. a woman drop several feet onto the stage at america's got talent setting the judges. luckily she was able to walk

away unharmed despite the mishap. the trapeze artists were voted through to the next round. that is what is happening right now. >> they are brave. investors cannot get enough of tech stocks. the nasdaq trading at record high. they took a small step back yesterday. what are the alternatives? mike bailey, capital partners, welcome to the show. great to have you here. microsoft expected this evening for an 8% gain in earnings. will the stock at a benefit from that? a benefit for mac? we'll will be singing this time around for sometime subsidies have greater earnings but the site doesn't do what you're >> the stock is likely to trade 52. we see the sentiment of the tech stocks including microsoft. investors may take a wait-and-see approach, the guidance of the. we do think that the

fundamentals are pretty reasonable and not will drive the stock over time, whether it this year into next year. >> microsoft versus amazon in the cloud now doing debate deal with wal-mart. i'm starting to think that maybe what is happening with the big tech titans as they are all battling against each other. we got there and went to vote, but maybe not. it is the biggest threats for this sector? do you see the sector retreating? >> good question. i don't know if i would describe it that way. i think cloud computing for example, that's a big i'm a big sandbox for amazon, microsoft, even google. there's a long way to go at this point they are growing nicely. i don't think they are attacking each other and fighting on price and that kind of thing. there's a lot of room to go in both companies are doing other things besides cloud. they are now both completely head-to-head on that.

gerri: amazon having a great big prime day. what is going on here? spend that kind of similar thing. investors taking a breath kind of thinking about a nice run this year. perhaps i can in other sectors from a value approach, that sort of thing. i saw back on the fundamentals the profits are growing. take a number, 30, 40, 50%. you do want on that. a little bit of a pause here. we do think the momentum does continue. tranter these companies are shocking in their power. quickly, i want to talk about alternatives. some individual individual investors saying i want to move into other sectors. you like financial. tommy what part of financials you like and why. >> is pretty interesting. we would pull back as the economy is running high.

cyclical sectors are attractive. whether it's financials, industrials are attacked, they all look fairly good. lots of interesting things there. you can look at the e. brokers charles schwab, for example, talked about amazon growing like crazy. josh loved earnings grew 50% in the quarter. this is a bordeaux broker company and we see that grow. >> 50% is not boring. that's amazing. you at the big eggs quickly? >> fairly interesting here. jpmorgan looks pretty good in terms of high quality. pnc bank is also growing nicely. we think they can gain from the banks, but definitely sticking with quality is delivered so at this point. >> i've got my list now. thank you for coming on. appreciate it. >> coming up in sports, big-time trade in baseball since the star player for embedded orioles to

the los angeles dodgers. led by gerri willis. we will tell you about the favorite to win parent now winning for u.s. stock index futures. take a look at everyone in negative territory. you are watching "fbn:am." we will be back in two minutes. the too cold for camping? too hot to work? nah. this is the gator xuv835. with game-changing heat and air, it's never too anything for anything.

adam: welcome back now. los angeles dodgers have one the sweepstakes acquiring the all-star shortstop in a trade. baltimore orioles will receive five prospects in the deal.

dodgers are hoping they can help them in the title. tranter mlb commissioner taking some heat after comments regarding the public image. mike has made decisions on how he wants to spend his free time. i think we can help him make his bread very big, but he has to make a decision to engage and take effort. the angels organization fired right back saying he is quality time as a has-been, son, brother, uncle and friend. we applaud them for prioritizing personal values over commercial self-promotion. it stands out as much as his extraordinary talent. he hopes this mess over soon. he said they are cool and he would just like everybody to move forward. adam: an emotional tribute at the ospreys last night. hundreds of survivors unlearning

mousers abuser given the arthur asks courage award. 140 women took the stage that includes two-time olympian billy ray's name to represent hundreds more. >> can you imagine that? 140 women. gerri: another moment this weekend. a british open this morning sharing the arts sharing the odds are you as the best chance to win the tournament. justin johnson laid the pack with lori mcelroy breaking justin rose, all with 16 to one odds. further down the list, tiger woods may have a shot. it's either 25 to one and he will be teeing off at 1021 eastern time. it is amazing. >> i think golf is exciting as cricket in the dark.

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>> google saying it will use record $5 billion fine in an antitrust case involving the android operating system, senior market analyst joining us from london. what is the potential damage to google. will they fight this thing? >> i think they will. from a reputational standpoint, they stand to lose credibility and they believe what they have done is not wrong. if they have proven otherwise, financially it will not hurt them. this is 5% annual revenue. it will not hurt them in the longer-term. they will fight this as far as they can even if they think what they are doing is signing the competition in doing so.

>> the commerce department on the proposed auto tariffs, germany made an overture to try to avoid this. what is the sense among european partners in the eu that this will happen and what is that doing to the market? >> when it comes to threats from donald trump he is more than happy to follow through. everyone -- this is likely to go ahead and this moves trump towards germany which given his rhetoric toward germany for the last 18 months comes as a surprise to no one. it is popularity among politicians, the auto industry as a whole among europe and others suggesting there may be a fight on trump's hands to do so. all eyes will be on what is happening in washington right now, something trump feels

strongly about. >> a lot of these car companies say get rid of the tariffs altogether. we would like a world with no tariffs. how would investors react to that? >> absolutely and low tariffs and no tariffs is ultimately what people would like to see and that is where we are eventually heading. the thing people have issues with that exist, to be taken legally. >> we are done at this point but maria bartiroma is on deck, "mornings with maria" are about to start. maria: we will see you in a few minutes. i am maria bartiroma and his july 19th. 6:00 am on the east coast. the trump administration rolls out a plan to train american

workers. amid the threat for automation and artificial intelligence, the largest companies are on board, details coming up. targeting tariffs, donald trump issues a threat over trade with europe and how the us might retaliate. >> i made no bones about it, trade barriers where farmers so that, we don't negotiate something fair when we have tremendous retribution hours is the big one and you know what we are talking about with respect to cars and tariffs and cars. they know better than you do, they know better than all of us do what that means. maria: this ahead of the commerce department hearing on all tariffs. markets on edge this morning, take a look, futures indicating lower opening for the broader averages, down just real down 40 points, nasdaq down 20, major indices closed mostly higher yesterday,