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tv   FBN AM  FOX Business  July 23, 2018 5:00am-6:00am EDT

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and we have to stop all the threats and violence against all public officials. >> and the disrespect they continue. the disrespect they're showing this president and the first lady. thank you both for >> i would say i heard at least 20 shot in intervals. clipping, reloading, clipping, that's what i heard. cheryl: one person dead and 14 injured. the search for a motive begins. gerri: we are watching oil prices closely after late night warning. oil prices about a quarter of a percent here. >> stocks were changed last week as investors wait for key earnings. the dow fractional over the
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five-day stretch. gerri: tech earnings with google. alphabet, face vote, amazon. the stock market turning down this morning with the dow down 10 to the nasdaq down 22.5. dream to stocks open lower. tariffs on $500 billion in chinese goods right now produced with become a cac, dax on the red. gerri: stocks in asia mostly lower. 1% in shanghai. a sudden ceo shifted fiat chrysler. sergio marchione was forced to step down. "fbn:am" starts right now. gerri: 5:01 a.m. in new york on
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june 23rd. i'm gerri willis. cheryl: good morning. i'm cheryl casone. sorry that i interrupted your oil rate but i can't get over the all caps thing. it's interesting. gerri: we've seen this before where he will go over international heads is, so it's not anything new, but every time it happens there's a big reaction. cheryl: wait to begin with some very big breaking news. this mass shooting happened overnight in toronto. a gunman killing one person and injuring 13 others including a young girl. the suspect later was killed at the scene. gerri: happen in a toronto neighborhood known as greektown. >> after 10:00 p.m. police responded to a 9-1-1 call for sounds of gunshots. a young girl and critical as
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they right now and the other 13 are in hospital being treated. >> investigators trying to find a motive. police say they would not rule out terrorism. cheryl: president trump in a late-night treat issuing a strong warning to iran. here's what the president created. he goes into all caps for those caps for this to be listening on the radio. never ever threatened the united states again or you will suffer consequences the likes of which you through history have ever suffered before. no longer a country that -- be cautious. >> this u.s. policies could lead to the mother of all wars. also warned president trump to stop playing with the lion's tail. the president this year pulled the u.s. out of the iran nuclear deal.
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cheryl: president trump set to hold a made in america even today. something companies across the country at the white house make their products in the u.s. products on display will include yarn from maine, boost from texas and clips from idaho. this comes as the president asked tariffs on imports to encourage manufacturing and of course more manufacturing job creation here in america. >> we've been talking about fiat chrysler is longtime ceo stepping down. >> tracee carrasco has that story another headlines. what a story over the weekend. >> mike manley who runs the division of fiat chrysler has just been named the new ceo. replacing automotive legend sergio marconi who is suffering from complications following the recent shoulder surgery. he steps into the new world a full plate late catching up their brand with new electric and self turning technologies. also the effects of the trump
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administration's tariffs. cheryl: he's been an amazing later that company. tesla asking for cash. >> "the wall street journal" reported in tesla has asked the players to return part of what they paid them since 2016 including password printed journal reviewed a memo sent to a supplier for refunds to help it reach profitability. they declined to comment on the menu but told the journal wants price reductions on some projects including several dating back to 2016 and some which haven't been completed. >> that is something you don't see very often where suppliers and manufacturers have a very close relationship pretty much shocking to most everybody. but you have some movie news. >> we do have a new box office winner. new records at this weekend. eight of the top 10 movies for the top spots, kind of a
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surprise upset. >> i'm going to kill each and every one of them. >> the equalizer with denzel washington attorney frank lane $8 million narrowly beating universal's mamma mia at $34.4 million. rounding out the top five hit man in the incredible as to all the sequels. amazing. traded to mamma mia. i didn't even know they were going to do a sequel. i can see why he would be a number one. a big week for tech earnings in the tests were the market with alphabet, facebook and amazon due to report big result investors expect. fox news contributor gary b. smith joins us with a preview.
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always nice to have you on the show. we are seeing so far in this reporting season some good numbers. the s&p 500 companies, i said that wrong. 84% of the 17% have beaten. that would be correct. google today, facebook and amazon later this week. >> this is going to sound like kind of a smug insert, but it doesn't really matter. hear me out. it is like netflix last week. they kind of disappointed if you will even know their growth is still phenomenal. the stopgap down in the morning has basically made up all of that. i think it dropped 10% or something in the open and made up all of that for the simple
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reason is companies like netflix are still companies of the future. take that maybe tenfold with at least two of the companies we are talking about. google and amazon. you are not buying today's earnings or last quarter earnings as great as they're going to be. both of these companies have invested in long-term and things like the future a.i. robotics, the cloud. that is why i love these companies. cheryl: you are less sold on facebook and i was going to ask you how so, why. >> located the two sides. i've been wrong about facebook since the beginning. i will go up to that for the simple reason i still view facebook like a lot of retailers. it is a fad like abercrombie and fitch. my issue with facebook even though it has over a billion users is that it seems like the kind of platform that can be
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replaced by something else. it reminds me of the netscape browser until it was replaced by something else. amazon and google not as easy to replace. gerri: mark zuckerberg will disagree. >> uses alien air, so they get to say you're wrong. >> oi talk about another topic entirely. the impact of tariffs on these companies. i see two things possibly happening about their possible losses, but it could also provide cover for companies that might not be doing so well. what you see coming? >> that's an excellent observation. the whole terror thing, even if we put tariffs on all $500 billion worth of china imports, the impact would a minimal because we are so competitive. they were imported refrigerators
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from china and that price went up in people with them by refrigerators made here in the u.s. or against other countries a chance to compete for their business. short-term i can see companies taking cover in some short-term losses. long-term we are such a global economy with the ability to get products and services from any country around the world that i think the long-term of impact is not going to be that much. gerri: the president is calling for terrorists on imports to china and that is virtually everything they sell. could have some impact. thank you so much. coming up, house republicans last president trump to declassify key parts of an fbi memo that was released over the weekend. >> what is so unprecedented is the gift guides and took it, what can i stay up without ever
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verifying its credibility. >> we will have the latest on the developing situation. a new algorithm developed by the army will tell you exactly how much coffee you need to drink. if europe right now, that means you drink a lot of it. we should also look at features on this monday. pretty quiet opening. the dow down 12 in the premarket, s&p down to. over the tech earnings they were talking about. down 24 in the free market. ♪
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gerri: welcome back to "fbn:am." let's get caught up on what's happening now. u.s. features on the red at the data on file, s&p 500 down to pick the nasdaq down 23 and three quarters. keeping an eye on that today. also today, the coast guard will pull out the duck boat from the bottom of a missouri lake. 17 people were killed when it capsized in pain canister and last week. the bill will be given to investigators. the mechanic who inspected the last year said he warned the company it could become a death trap in bad weather.
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after the report ami told his family they would never ride the boat again. one family who lost loved ones in the accident shares this video taken right before the deadly ride. take a look at that. uber suspended one of its drivers and st. louis without their permission. the 32-year-old driver recorded hundreds of passengers streaming to the live video website twitch. they were suspending use calling a troubling behavior. i guess there's no privacy. the u.s. military helping us out here has developed an algorithm to suggest a perfect amount of caffeine for a sleep derived person according to the research you should consume 200 milligrams of caffeine when you wake up in another 200 milligrams four hours later if you know how much milligrams are which most americans don't based on how much sleep you get. they make a smartphone app for the public two years.
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that is what is happening now. farming is to to translate that to cops. the milligrams. the doj releasing hundreds of pages of documents related to the fisa warrant for the former trump adviser carter page and now fox news has exclusively changed a letter to president trump asking him to declassify part of the warrant. griff jenkins in our nations capital with the fallout. a lot of talk about this yesterday. >> it is remarkably rare the disclosure of the regard to fisa applications. we saw the fbi believing he was collaborating with russians and relied on the dossier as justification to do so now. asking to declassify part of it because the department of justice continues to obstruct the investigation. it is time to put the facts in
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the public domain. asking foot notes related to the third renewal been declassified and released publicly in unredacted form. mr. paige spoke out yesterday saying he believes the authorities were deceptive in their motivation. >> you are talking about misleading the courts. it is just so misleading going through the documents. it's a complete joke. >> the ranking member reject the notion. >> of course not. i think actually if the the performance we had in helsinki took place before the applications were filed, but will interchange with putin would've been a central exhibit in the fisa applications. >> the fallout amongst republicans was mixed. >> i don't think they did anything wrong. they went to the court.
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but the judges to approve it. >> people of cozy relationships with russia. that's fine. i do have an issue when you rely on political decision research that is embedded. >> so every going to see more more unredacted price of these documents? not clear. no word from the white house and whether they will consider declassifying anymore. cheryl: i love carter page yesterday saying he was just this low level, that this was all a bunch of nonsense. griff, thank you very much. griff jenkins in washington. gerri: coming up, major recall of ritz crackers. we'll tell you what is behind the move. the mideast in the northeast means rain is in the forecast. janice dean will have your weather outlook. the lucky u.s. stock index futures on the negative. dow jones industrial average down a period s&p 500 down one and a quarter. the nasdaq down 21 and three quarters. you are watching "fbn:am."
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cheryl: you heard it at the end of the sound bite. anyway, perfect pitch. the newfound fame has made this little dog named riley a social media. it's been seen more than 4 million times. transfer why do i think we have a producer whose a brittany spears fan. cheryl: a lot of brittany this morning. it's going to be hot and rainy across most of the country. fox meteorologist janice dean is here at their monday forecast. >> i wonder if written a spears does the weather. we should ask our producers. let's take a look at the temperatures. it's going to be wet. it's going to be humid all along the east coast. hit or miss showers prism could
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be heavy at times. the aware if you have a flood watch or warning in your area. it is very sultry. tropical moisture surging in. those are the past 12 hours. florida, mid-atlantic, you are in it. heavy rain that sometimes could get several inches in a period of hours. be aware over the next seven days because this front is not moving. it will stay in place. keep that in mind. texas, oklahoma, arkansas, louisiana spreading in towards the southwest as well. they have been dealing with days and days of dangerous heat at excessive heat warnings in effect for dallas, texas. towards the 100-degree mark for the rest of the work week. we will be watching a lot as tories. i will be not singing at 5:24 in
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the morning. >> no one can compete with you on weather, my friend. >> were dancing. cue the brittany. there she goes. thank you. coming up, "star trek" fans have a chance to make a vodka martini that is out of this world. >> captain scott is unaware of the existence. it is an alcohol substitute being served aboard starships. to simulate the appearance, taste is all about gaul and the toxic event effects can be easily dismissed. cheryl: will show you the new starship vodka. the real soon now. the feud between papa john's pizza in its former chairman getting really ugly at the company. taking a look at features on this monday the 23rd.
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>> i heard shots and intervals. the clippings band, reloading, click been spent, reloading. that's what i heard. >> a mass shooting in toronto there's one person dead and 14 injured. now the search this morning for a motive. gerri: in the markets where watching oil prices closely. half a percent after late-night warning to the iranian president from president trump. cheryl: little change last week as investors waiting for key earnings this week. big companies supporting the dow is up fractionally over the five-day period.
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gerri: a big week this week for high-tech earnings with google parent alphabet. all due out this week. u.s. stock market futures not looking good could the dow down three. s&p 500 down three quarters of a point. the nasdaq down 20 points five. cheryl: stocks opening lower despite new tariffs on $500 billion in chinese goods. all of the indexes right now are in the red. >> stocks were mostly lower with stocks up over 1% in shanghai. a summertime snap favor. "fbn:am" continues right now. it is 5:30 a.m. in new york on july 23rd 2 good morning and gerri willis and for lauren
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simonetti. cheryl: i'm cheryl casone am very upset about the ritz cracker recall. top of the list with some peanut butter. that the way to go. there was a lot happening over the weekend. alexandria ocasio-cortez is now the leading figure in the democratic socialist movement. but there's growing concern concern among many democrats in general that the left could tilt against them from the turn time. >> there is a leader within the democratic party. nancy pelosi, you support her. >> i need to get to congress first. in winning the general election. >> tom perez, headed dnc says she's the future of the party. >> i hope she is because they show such a dramatic shift for
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the radical left. >> jenna alice, the policy direct terror with the family institute. democratic strategists in the pluralism project. good morning. >> good morning, cheryl. i want to start with doing what's going on your party. dems may 23 republican seats to overtake the house majority. they focus on 25 districts are clicking one in trump early one. is that the right strategy for your party right now? >> first of all, sorry about the ritz crackers. the way i look at those. we have one side of the party, which is focused on the democratic socialist movement and a lot of center democrats like what we have this past year in terms of what he sees.
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we are a big tent party and that's what it means to be american. bringing together people across the country is a greater message. as long as we keep our heads focused on the game and don't get good. i think democrats would be great. >> that's my point with the democratic socialists of america are becoming a very strong voice for the younger democratic voter. you've got to get the younger voter in. can you get that turn out? >> why not. what matters right now for democrats is focusing on the fact as you pointed out the right candidate in place for the primary to carry on from there. millennial's right now are tending a little more towards the left. >> that is my point. they are going very left. this is a 28-year-old former
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bartender. she overtook the fourth most powerful democrat in the house. it was a huge shock to the party. another going from the left saying you could write ahead here that's going to ruin you in the mid-terms. >> it will throw the millennialist generally educated and actually understand what it means to live in america. yes, we are in a pluralist society, but we have to recognize what it means to be american is understand our declaration of independence was founded on a judeo-christian worldview to recognize self-evident truths that we have the right to determine our ability to exercise a freedom which includes religious freedom in this country, economic freedom. this is that the democratic party -- cheryl: you are telling me you think this socialist agenda could think the democrats? >> absolutely. if you look earth are then
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completely topically and if you look genuinely as socialism is the party and even democratic socialism, it is not legitimizing the civil government to protect and preserve our fundamental unalienable right to self determine in this country and truly pursue liberty. that's what makes america great and that's why there is this whole walkaway movement. liberals are recognizing socialism and democratic socialism don't have that much of a distinction when it comes down to the economic philosophy is not in the best interest of every person. cheryl: i don't know. i'm not convinced. the younger, angry anti-trump generation is going to make the voices heard. only two months left in the primary. really quick to both of you. your reaction to james comey. he waded into the water again. to your party, democrats. please don't lose your mind and
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the president and his republican party are counting on you to do exactly that. what do you say to that? >> that mr. would i come from america's most diverse county in the plenty of candidates who were endorsed by the democratic socialists of america, including the overall nominee in the end for the county executive, mark eldridge. i can type that is part of the american tapestry. nothing wrong with the nestles. connor them has obviously not a democratic socialist. we are going to have a lot of different voices come together and that is what makes being an american so exciting today. as a millennial, i do tend myself towards the left and that's okay. it's important to voice as well as jenna's voice and others like yours, cheryl are heard. >> i agree with that, that are voices have to be or do not fight democratic socialism is so dangerous for america.
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people are really recognizing what that theory actually means. if we look at the foundation of the country. cheryl: great discussion you guys. great discussion. i wish we had more time with you guys. we want to leave with both of you getting the final word. thanks for being with us this morning. >> good luck with the ritz crackers. gerri: and on it goes. papa john's not taking action against its former chairman. tracee carrasco has not story. reporter: papa john's and the board members voted on within a poison pill to keep john schneider from taking a controlling interest. they continue to poison pill to prevent a hostile takeover. but in 29% of papa john's shares and has indicated he's not going to give up control of the
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company. your member earlier this month, they step down as chairman of the company after he used a racial slur during a conference call. he later said stepping down he did one do that. he felt forced. >> he founded the company with one pizza oven on his own. interesting. another salmonella outbreak. >> it hits close to home. as a precaution, multiple britt cracker products are being voluntarily recalled over 1000 militants are as. the products contained way powder, which the supplier has recalled because of the salmonella risk. the risk of the products on your screen right now. expiration dates on january 14th through april 13 to 2019. so far no one has gotten to it, but take a look at your pantry and make sure you don't have any of these inside.
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gerri: let's get to the vodka story. >> yes of course. cheers, trekkies. a small batch of 10 for vodka will be sent into the messes for your use in a high-altitude live in the next few weeks before being blended here on earth and bottled up ensuring that a portion of every bottle will contain vodka from space according to the company. courtesy of a "star trek" legend. a designer in the "star trek" tv series. currently available for pre-order. >> i guess there's no end to the demand for "star trek." >> i guess not. rattling the mark it with a new thread of chinese in the
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tariffs. chicago beats out new york for a new title, but it's not something that's real proud of this morning. taking the picture features on the monday. the dow up by a point. s&p down three quarters of a point. nasdaq down 20. you are watching "fbn:am." greatness of an suv?
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cheryl: let's get you caught up in it's happening now. taking delicate features. the data on one point from us point from s&p down three quarters of a point, nasdaq down 21. key here is an apartment for a case scheduled for today. lawyers for the former term campaign manager hoping the judge will not allow any mention of the ties to the 2016 campaign. the first of the two trials begins wednesday. several charges including tax evasion, bank fraud and money laundering. the 29-year-old russian accused of being an unregistered foreign agent used her connections to attend meetings with u.s. officials in one meeting in 2015 she sat down with the vice chairman of the fed. arrested last week in funneling money to republicans politicians through the nra. chicago is not the rock capital
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of the u.s. grid according to research, more than 50,000 rock related complaints in chicago last year. up about 55% from 2014. new york city at 20,000 last year. so we win, chicago loses. oversee you. gerri: excellent. i love talking about rats at 5:00 in the morning. the trade talk with the threat to slap tariffs on $500 billion in chinese products imported to the u.s. trump set to meet with european commission president jean-claude yunker at the white house this week just days after the president called the e.u. the chief investment officer at nova point capital joins us now. this would be fascinating, but before we get to that, let talk about the terror threat for the president. he wrote this. done a tremendous amount, ready to go to 500 acres to be against china.
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this would be virtually tariffs on everything that comes into this country from china. do you think of me but i'm not on what will it do to the economy as a result? >> certainly 500 billion as the u.s. imports from china annually. china only imports 130 billion from the u.s. when the first 30 billion won income in the chinese came back with countervailing tariffs. if the president does extend the tariffs. >> figure being commission president could this joyously do not do this are like a beat and relax. do you think you'll have tangible proposals to go forward to the white house on trade?
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>> i think he could come with some tangible proposals. europe can give up a little bit on the other terrorists. the tariffs on u.s. solders than 20%. or really a lot of the u.s. production is mismatched for the european market. i really don't think lowering tariffs will create any demand for u.s. that would hurt the manufacturing. gerri: when you look at trucks, the situation is completely reverse. we have big tariffs going into the e.u. they have less protection than her. the picture is a little murkier than you might expect. >> yes, certainly. i think the auto part piece of it is probably greater. a lot of u.s. assembly or assembly of european cars in the u.s., but those are part that coming from europe. that is what would raise prices in the u.s. europe could give up a little bit on their tariffs and, let
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the president walk away with a big drain diffused the situation quickly. >> a conversation about whether the president is going for protectionism or what is he was here. here with the treasury secretary had to on this topic. listening. >> we very much support the idea of trade is important for the global economy. but it's got to be unfair and reciprocal terms. >> he seems to be saying this is about protectionism. what do you make of it? 9.8% and the other wants to do? he wants to hold on to the house and senate 50s appealing to u.s. auto workers in u.s. consumers. >> we are on track for a four-point 1% gain in gdp. when it comes on friday for q2.
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though the good news. thanks for coming on. great to see you. cheryl: coming up, a big weekend for golf. an action-packed reddish open. in the chicago cubs game. there's a happy ending, though. we will have that joy when we come back. so they won't be used by anyone but you. the ibm cloud. the cloud for smarter business. the ibm cloud. too hot to work? nah. this is the gator xuv835. with game-changing heat and air, it's never too anything for anything.
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through his final round he grabbed sole possession of the lead at the british open. six golfers shared the the lead at one point. seven different golfers let at one point a final run including francesco molinari. the 72nd with one pga tour under his belt. first time in the italian has won the open championship. tiger woods led a major in the final round for the first time since the 2011 mouse ears. tiger led by one after nine holes. he double bogeyed on 10. tiger is already the fourth favorite to win the pga championship. join speed held the lead briefly, but he didn't care one birdie yesterday. were score amongst the top finishers. lori mcelroy finished tied for second. two shots back with kevin
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kistner, justin rose, 147 open championship. and no, he didn't crack this list of leaders. finishing the 31st british open at one under par. congratulations. former miami dolphins and oakland raiders head coach died suddenly sunday morning. three days after he had reportedly gone out of the hospital with chest pain and was released. found unconscious on his kitchen floor yesterday. his wife found him getting ready to leave for church. he worked for nine different teams over two decades. even the vikings offensive line coach. they care deeply about his family and his grandchildren. tony's presence within the vikings organization will be deeply missed. 56 years old.
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watch this cubs fan yesterday. it's his baseball taken away by a grown man. guess what, mr. big shot with the sunglasses at the chicago cubs gave the kid of baseball in one same by javier baez. >> it's a kids game. >> tiger woods quickly. the difference between tiger winning and losing they think is so small. had he won today, the biggest story we talk about is the inspirational comeback. gerri: so much fun to watch. great reddish open. sports reports on fox news have nine 24/7 china 115. a ceo in the drivers seat. when we return. ♪
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>> yeah, i'm watching it too. >> it's just like we were talking about yesterday. >> they leave early in the morning and come back late. >> the curtains, they're always drawn in this place. >> i know. >> there are so many people. >> i don't even know if it's the same people i saw last week. >> that guy seems like he's in charge of them. [ shouting in foreign language ] >> i don't know... i don't feel very good about this at all. >>jogger good morning! [ shouting ] >> we have to report this. >> yes, absolutely.
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stunning news over the weekend as the new ceo is named jack chrysler. unexpectedly replacing over elements. the new ceo of the company, what challenges face them now in the strange events over the weekend? >> yeah, so it's very difficult to come into any country given the circumstances.
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given chrysler's particular problem, the global industry which has capacity from the internal investigations of the electric car. we've got a lot of missions particularly in the european market. at the very challenging time. they been recently well the north american market particularly the american market pretty well. >> quickly, the president hosting to be a fly on that wall. you think is going to come and what the list of demands. any common ground the president can get herewith president trump? >> the smart move would be for the europeans to say something like four times the terrace. maybe some confessions would be a good place to start.
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how much face time ago with each other. cheryl: peter dixon, thank you, sir. gerri: time for mourning said maria. over to dagen mcdowell. >> good morning, everybody. i am dagen mcdowell in for maria bartiromo. top stories at 6:00 a.m. eastern. earnings and focused at the busiest week for second-quarter reporting season. one third of the dow industrials we look at the numbers and guidance on what they all say about the state of the united states economy. futures are showing this this morning. slight losses, but even a tweet from the president. we get earnings from alphabet, the parent of google kicks off a blockbuster week. the future market finished the day on friday. that'll change you have the dow and s&p up for the week.
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decline across the biggest loser. found about half of 1%. the nikkei in japan worst performer down more than 1%. a deadly shooting rampage late last night. a gunman killing at least one from injuring more than a dozen others. >> i heard at least one a shot. cook beans, spend, reloading. i saw at least four people shot. >> people walked every day, to have dinner come have dinner, have an ice cream, said in a square, enjoy their summer. absolutely devastating. >> the latest on the investigation coming out. president trump takes on iran issuing a sharp warning in a late-night treat

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