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tv   FBN AM  FOX Business  July 27, 2018 5:00am-6:00am EDT

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it was up 132% revenues at their to top over $2 billion for the first time. it's got a unique advantage a unique advantage where they are serving up on the slang -- seem platform. i want to get to twitter. posted its second quarter last year. will twitter do it again what can we expect today. not sure if twitter will do it again. i certainlyç owe jack dorsey an apology. i've got to give him credit care. he has made it swift and meaningful to the response.
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if they can demonstrate that this is sustainable i think the i think the stock is going to make a big move. twitter is one of the most vulnerable stock. we should expect to see the stock move in a sharply one way or another. we have to get to facebook. not in a good way. they erased a hundred billion dollars can facebook recover. is it that bad. >> yes they can recover but welcome to the social media penalty box. go call mister dorsey if you want to know how long you will be here.ç it was on the heels of a cambridge analytic analytical. this too shall pass and it did. the stock recovered within two months. i am of few data points that can convince us of that.
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they had been bailing on the stock since cambridge analytical spoke. clearly they know it was could get worse. we have the confirmation. the sales growth is get a decline. i think this is troubling for facebook. the one saving grace is that they somehow managed to get every human that owns a device onto the platform so they offer advertisers a scale that they can't replace anywhere else. they will be able to turn it around to keep advertisers attention into really regain the trust of users. i think that is first and foremost read necessary.ç the second quarter economic growth data will be released this morning.
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speaks yesterday. i think it's can be terrific. it was about 4% at 2014. for more on this. the former congressional budget office will join us in just a few moments. fresh off the trade tensions between the u.s. and european union may be on the meant afternoon agreement between president trump and european commission president. blake burman is at the white house with more. speemac more. >> earlier this month president trumpç labeled the european union as a a fellow who could potentially see tremendous reprobation but now
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a totally different in. they are having the positive attitude of the eu. the treasury secretary steve mnuchin saying that there will be a lot of progress towards a trade deal. they are making it seem as if the commission president is an ally on the international stage. >> the relationship with jean-claude was a very tough guy he is an incredible job he has pulled all the countries together. we just opened up the relationship with europe. europe. it's very good. >> retaliatory tariffs are still in place. companies are citing steel in a limit of tariffs as a a headwind. gm, ford and fiat chrysler all lowered profit forecast for the year citing tariffs. the administration nowç.
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>> as i think. we are monitoring that very carefully. we are dealing with that. he feels some companies are using the steel and aluminum tariffs as an excuse for poor performance. >> trade representative getting pretty emotional as he testifies before a senate panel. if your conclusion is trying to take over all of the technology in the future of our children. to see that china should not be able to see that.
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also on trade with the u.s. and mexico.my it would be interesting to see how that affects the relationship of china. they are set to hold a a high-level meeting. the president has said he accepts the u.s. intelligence community. that the meddling took place in 2016. this also comes after the white house said that it planned a meeting between the president and vladimir putin has been delayed until next year. >> after chairman john snyder is suing the company he founded 34 years ago. he has filed a lawsuit saying the company failed to produce documents related to the decision to head him removed as chairman following allegations of inappropriate
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behavior. the board of board of directors recently approved the so-called poison felt provision. they have more control of theç company. company. it goes into effect next week. they are down 20% this year. >> linkedin is rolling out a new feature that lets users send each other voice messages. is no longer necessary with the latest update. lyndon is letting users record and send messages up to one minute long. it's being pitch to people on the go and want a convenient alternative to phone calls. the shares are up 30% this year. >> do we need more messages? >> coming up actor and comedian roseanne barr opens up about her controversial tweet. i know who i am. i'm not a
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racist. racist. the people that voted for trump aren't racist either. trump isn't racist either.ç they are flown out of north korea and returned home for the first time. take time. take a look at those pictures. good news for friday. the s&p 500 up three quarters of a%. you are you're watching at the end a.m. with game-changing heat and air, it's never too anything for anything. ♪ ♪ build your next big thing
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duh ♪i was born to be somebody >> welcome back. let's get youç caught up on what's happening now. we are checking stocks right now. just above the flatline here. the s&p 500 up three quarters of a percent. a%. the nasdaq up 17. we will keep an eye on that for you throughout the show. breaking for silence last night on the fox news kennedy. actress roseanne barr denied accusations of being a racist. >> that is a tweet about asking for accountability and i felt bad that anybody based
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that on me. i'm not. me. i'm not. i'm not that person. the receipt now launching a spinoff a spinoff of roseanne featuring the same cast excluding roseanne. and they made an emergency landing after get this seven to ten passengers became violently ill. they were met by hazmat crews.ç one woman was reportedly hospitalized. the flight from new york destined for fort lauderdale resumed earlier this morning. the good news is american airlines dropping its unpopular carry on the end for basic fears. customers will once again be able to bring a free carry-on a free carry-on bag starting in september. i think united is still the only one that has that policy in place. >> president trump promised from the singapore.
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they are live in washington dc with the details. good morning jerry, and tracy. they are continue with the u.s. believes are the remains of those killed in the korean war. after once in north korea late yesterday.ç on the 65th anniversary of the armistice that ended the fighting there. there. the president was clicked to a prod that. after so many years this will be a great moment a great moment for so many families, thank you. it was a major commitment but chairman kim at long -- last month's summit. it's a significant first step. to resume field operations in
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north korea to search for the estimated 5300 americans who have not yet returned home. all this home. all this comes as satellite images were released earlier this week showing in the north dismantled test sites. mike pompeo noting a building confidence. speemac about the prospects of the nuclear station prospects is happening. we need happening. we need the chairman to follow through on the amendments that he made in singapore. >> the committee generalç said they will receive full honors and a repatriation ceremony. then they will continue their journey home. they will receive further processing. let me tell you. for grieving families few words are more powerful than they are coming home.
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thank you for that. it really a heartwarming story and good news indeed. and coming up a wildfire raging in northern california has exploded in size. forcing evacuations. >> my dad lives there. actually woke him up from a nap. a nap. at the time. i said we gotta go. he looked outside and there was smoke. the ashes were coming down. one italian research company is working on this robot that could help rescue people from disaster. look at that andç it is green this morning. morning. s&p 500 up by one and half percent. you're watching fbn:am.
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a 32-year-old man has been arrested on suspicion of arson in connection with five of california's most destructive wildfires. he is accused of setting fires that are destroyed hundreds of homes. another fire near redding california turned deadly yesterday. when they were killed fighting the blaze. three firefighters and several residents were also injured. they had declared a state state of emergency.ç
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the fire near yosemite national park has now claimed 43,000 acres and is still only 27% contained. >> they could one day be getting it to the sky. named after that. they also have cameras and can pewter vision centers. they hope the robot will be able to navigate environments that are too dangerous for humans. like my front porch. >> another spectacle in the sky. you are neck and had to look up to see it. the second blood moon of the year is on the
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rise. but unfortunately we won't be able to catch in north america.ç they will get to enjoy the red moon. there is a solution. you can go to youtube and life instrument. congress announced its plans. who are we to fraction the democratic party. it was nancy pelosi. and then there's this. they had been shadow band by twitter. and the u.s. stock index. they are seen some green right there. s&p 500 up by three and three quarters. you're watching fbn a.m. [music]
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>> not only is it tracking capital that what it's doing with the is truly remarkable. it's rewriting the that we live in.ç it is about as compelling of a opportunity as you're ever gonna see. in the world of tech titans amazon seems to be doing everything right. facebook suffers the worst drought in wall street history. investors also focused on the second quarter gdp due out today. estimates call for 4.1% and president trump said the number should be strong. it was strong. it was a tale of two markets yesterday. they dragged the nasdaq down nearly 1%. good news up for weeks in a row. can we continue that.
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we will hear from the big oil companies. the u.s. stock market futures right now take a a look at the board. there up by 30. in the nasdaq up by 33 and a quarter. and good earnings with the stock. it's all stock. it's all in the green here. the dax up 48 percent. stocks in asia are mixed. they moved slightly lower in china.ç in gop lawmakers going after twitter we will look at claims of shadow beginning. fbn:am continues right now. >> good morning at 5:30 in new york. i'm in for cheryl to stony.
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>> we made it. we made it to friday. it was questionable there for a while. but a lot going on today. in particular in politics. the house gop battle is heating up. jim jordan decides to run for house speaker. he is now the first was public and to challenge house house majority leader kevin mccarthy. joining us now the former white house deputy brad blakeman. let's start right with jim jordan. here'j cleared his candidacy. congress is not held up its end of the deal. we can change that. it is it is time to do what we said we would do and of course jordan is an interesting fellow here. he has played an important role for the right side of the equation. he is a a cofounder of that conservative group. the house freedom caucus. he saw impeachment.
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so tell me brad. is this a guy who can unite the party. he is certainly a guy as a leader within the party. whether he can unite the republican caucus in the house is another story. one thing is for sure. we have a deep bench of leaders in the house. the fact of the matter is everything and politics in washington comes down to math. will he have the numbers and remember the freedom caucus is a minority within them and geordie.c i believe that the majority leader probably has the vast majority of support within the caucus. steve scalise has endorsed mccarthy. very tough for him to succeed the speaker. speaker. but having said that. i said the fact that he's running he is running gives him tremendous capital within the caucus.
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already the democrats are lining up in opposition they are talking about an incident from jordan's path. as a coach for the wrestling team there. the dr. for that team. he was accused of sexually harassing students there. or is it has very conservative republican rates and what he has been doing in terms of policy. i would agree with jim jordan. the republican majority in congress has fell short on the promises. he says that consistently.ç whether it comes to budget or spending. the republican majority has let the republican base down. i do think it's unfair that he is been similar scandal to the former republican speaker denny hazard who actually have a sexual abuse scandal.
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you can't say that they are the same thing. and of course we really don't have all of that details. >> lets flip to the other side of the equation. i think and then the presidp't and standing behind him. him. the challenge that he faces is that having advocates like the president really doesn't go along way a long way because the president has his own scandals. we are talking about the leadership of the house so let's move on.
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i'm just saying that he should not be linked with that. i want to take a look though and sound and again were talking about leadership in congress. nancy pelosi was a very controversial words about september 11. i want you to hear. when we have the incident and the commission was formed and they made their recommendations they made recommendations to protect america. if you want it changed if you change the policy. september 11 is an incident.ç would this impact her viability at all. how is she keeping on when she's constantly saying things like this. i take great offense at her analogy with september 11. i served in the white house.
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i was the only white house staff to lose a family member my hero nephew died saving people in the world trading center. i'm sick and tired of democrats using and abusing in the memories of the past or whether it is analogy to september 11 as an incident. this is incident. this is beyond the pale. if democrats want to tie their futures to has been like pelosi who has taken the democrats in the gutter. i remember a time if you call it a socialist. you were defaming them. today they get angry if you don't label them as that. the party is way beyond the bail. >> we are practically out of time.ç she is the first woman to lead as the speaker of the house. i grew up in new york.
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she was talking about a policy thing. she said we should follow the 911 commission. but commission. but as we talk about the speaker. i think it's a very important speaker's race. all of these races are very important. we will have to leave it there we are at a time. thank you for being with us today. we need a police baton. they are going after twitter stayed is purposely kept some of them from appearing in search results. what the latest example of censorship is to the left. one of the republicans was headed for months from some curious usersç searching for him. the president has twitter account helps them get elected.
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said it's not good. it will look into this discriminatory and illegal practice at once. many complaints. it is tweet from the president of the united states that conservative shadow band appears to have been fixed since may. it would crackdown on trolls contribute into an unhealthy dialogue. and they explained some troll -like behaviors were good and humorous. they distort and distract from that. particularly in communal areas. those search bar changes are known to have impacted any democrats. he claims he was shadow band also. the targeted censorship of conservative is not some fringe conspiracy theory.ç
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it does not make judgments based on political views. myself, mark meadows. we are four of the strongest supporters. we had been very critical of the russian investigation. he didn't like his policies but it was live again 11 minutes later. the new accusations may be probes for months. so much talk about social media and washington has been about how russians had used it to interfere in the last election. but the alleged interference alleged today did not originate at the kremlin i came from california. >> make sure to stay with us when twitter reports. the earnings before the bell. coming up president trump hinting we could see second quarter economic growthç with a
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a scorching 5%. we will ask economists what he thinks we will see. and check out this video. a texas prisoner escaped his restraints. and ends up on a patrol car's roof. the stock futures right now. the s&p 500 up at three and a half. when it's too cold for camping, we go camping. when it's too hot to work, we work. too wet to keep going? nah. this is the gator xuv835. with game-changing heat and air and three-wide seating. it's never too anything for anything. nothing runs like a deere. get $400 off the gator xuv835m
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>> welcome back. let's get you caught up on what's happening now. checking u.s. futures right now. sena some green now. there up by 21. that is continuing to climb. let's move on to tv station owner. reportedly facing federal scrutiny the justice department is figuring out. out. if they violated laws. according to the wall street journal. officials reportedly doubled across the ad sales practice when rape viewing the $3.9 billion proposed purchase of tribune. disney is a latest a latest company to announce a policy
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that stopped usage of single used plastic straws. they are banning the plastic at all of its locations by mid 2019. and check this out. a prisoner climbing onto the roof of a police carç after escaping his restraints and breaking the window. as the car drove down its texas highway. they highway. they were caught pulling over one backup. they are hopping off over the grass. back grass. back into custody. that is unreal. that is what is happening now. somebody that's for sure. sure. tracy, that's for sure. they are talking up the strength of that economy. the have of this morning's release. there are predictions if cindy would've said that.
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i would've never even thought that. i've been saying we are going to do those very well. what is the real number. the president of the american action forum. doug, great to see you. this is kind of astonishing.ç they were actually talking about the number because the truth is he actually gets it in his hot little hand the night before. he probably knew what it was. are you surprised by that. >> it is at odds with tradition. he just said were expecting a big number. and everybody expects a big number. i don't think there's any question about that. it didn't shock me too terribly much. the wall street journal reported a consensus of 4.4 and it's even outliers out there who say 5% which is amazing to me. what are you
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expecting on that top line but also as we dig it through this through this report what should we be looking at. i expected the top line to be in the low force. you see nerd heaven today. there are three things going on here. there are the tax cuts and the regulatory rollback. they think will help business investment.ç how much of it comes out of the business sector. it's really a a good source of growth. the tax cuts. the increase spending bill from earlier in the year. it will probably give you some short run stimulus in the economy. they are going to dig into the household sector. there is a third piece that is the fear of tariffs. we did see them buying and before the tariffs hit. that is a one-time effective that will juice the number. you'll had to just head that and it really drives the number.
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it's can really be good. with the industrial purchases. i think that is playing a role here and that report today. i want you to hear the cheap trade negotiator what he have to say and comment. you're probably looking at having to have some kind of a that that the is not an unreasonable time frame if everybody wants to get it done. and so what he is talking about there is nafta so the deal between canada, mexico and the us. u.s. they are trying to get done superfast and my question for together. we are getting a deal with the eu. eu. will it put pressure on china. >> i think the nafta piece is very important. the president got a cease-fire with the europeans and that's good news. news.
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from the point of the economic growth. growth. but he has yet to have a situation where his tactics had it delivered an agreement that lowers barriers to trade. that's a good test case. if it comes through in august you will see greater confidence in the strategy and greater patients with him pressuring the chinese then we will see how the chinese react. >> quick question now to just finish up. if we get a blot number.ç i think anything in the force as a blowout number. can it be repeated. >> i think that's i think that's why the business component is so important. that's not something that happens just for a quarter. you build the building and you fill it with factory goods. you hire goods. you hire people. that's what you're looking for. >> think you for your time today. today. i appreciate your thoughts. coming up in sports the new
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york yankees star. is out with an injury. the usc start. avoids jail time with the guilty plea. it's green across the board. nasdaq up by 27 and half you're watching fbn a.m. ♪ ♪ keep your most valuable insights hidden from your competitors. the ibm cloud. the cloud for smarter business. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time.
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>> welcome back. connor mcgregor back. connor mcgregor scored a plea deal yesterday avoiding jail time. when he time. when he was caught on camera.
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into a bus shattering a window. that meltdown left some fighters on the bus with injuries. mcgregor and his teammate pled guilty to a disk orderly conduct violation. he was once a facing up to seven years behind bars. the two had to say out of trouble for a year. and complete an anger management program as part of the deal. >> aaron judge judge hit with a pitch last night. he won't be able to swing the bat for at least three weeks. he will be reevaluated after áqp"y to come back. and back. and on most home run left one batter frustrated. how does he handle the disappointment.
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>> teammates are cheering him on. he was hoping a little extra muscle can help him get it over the fence next time. facebook seen its worst day ever yesterday after reporting disappointing results in guidance a live report from london coming up when we return.
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facebook is suffering the biggest one-day loss of any public traded company yesterday after reporting disappointing earnings. the earnings. the senior currency analyst. joins us now good morning, what do you think that they think about facebook's future. >> there are couple of things that really come to mind. one is over exuberance. the other is saturation. it does. it does seem like that just failed to recognize that recent saddest vacation. i think that does have to have the feedback from these levels. speemac levels. >> on another topic entirely. they have the idea. the future for bit coin in the digital currencies. they are then propping up bit
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coin prices.ç >> has become on there. they open up to a wider range of potential buyers. the regulators still have it figured out how to clearly do that. as money laundering potentially. i think consumers are still scratching their head. i think it is. or is actually something that could become or is becoming a store of value. i think as a long time to become that. for the that. for the next few years. it's probably the volatility. we know it's going to be a big figure. what we don't know is exactly how good. because the president was talking about it yesterday.
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he would not talk about it unless it was good. if it doesn't have a 4% and all i actually be disappointed to him.ç some of the commentary here in the u.s. is that it could be as high as five. five. maybe expectations had ratcheted 25 high. and we might be vulnerable. if we do get a disappointment. what happens. we could see a a dollar if we did see that. we have to look at the breakdown also. we do need to see that strong investment for the number to be really a solid number and the analyst mines. >> think you. and we are going to be watching that number all day. they are up 4.1 percent. they were reporting
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4.4 percent. let's take a look at the markets as they wrap up today. the dow jones industrial average is up 15. it is time to send it all -- bartiromo. down to maria- i hear it's pretty brutal. i will do that. >> good morning to you. thank you for joining us. i'm coming to you today from our nation's capital. i will interview vice president mike pence to get his reaction to the economic data. you will see that interview on sunday morning futures. and right here on mornings with maria on monday. get a friday morning. it is friday, july 27 right now. your top. your top stories. 6:00 a.m. on the east coast. the first look at that second-quarter gdp out later this morning expected to show growth of 4.1 percent. president trump sounding sounding out while speaking in iowa yesterday. the predictions

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