have judge jeanine pirro, paul bracken and harmeet dhillon. >> i think the effect of the sanctions has already been helped in resending continuation of demonstrations temporizing towns and cities across iran as the economy has gone into a tailspin. gerri: breaking news overnight. crippling financial sanctions go back into effect in iran as their economy collapses while they bring the iranian regime to the bargaining table. >> dow component disney report earnings up 39 points yesterday. train to u.s. stock market futures looking good in the

green. the s&p 500 up seven and a quarter. the nasdaq up 27. >> in europe, stronger-than-expected bank earnings help them open higher. all in the green with the ftse up by 51. cac by 49th in dax up by 127. cheryl: stocks in asia rose rebound in the shanghai composite to .7%. stock surely higher in hong kong as well. >> will tell you about the latest kfc colonel. "fbn:am" starts right now. gerri: 5:01 a.m. and 1:00 a.m. in new york on tuesday, august 7th. and gerri willis in for lauren simonetti. >> good morning. i'm tracey carrasco and four

cheryl casone pippa said george christie is that? gerri: those things don't go together in my brain. >> me neither but we will see. gerri: breaking overnight president trump to keep it on his promise to impose sanctions on iran's economy. tree into more from blake burman. >> resident trend moving forward with renewed tensions against a win. in may, the president removed united states from the iran nuclear deal but does not back sanctions attached at the decision hit for the first time at midnight at the sanctions target buying and selling iranian currency along with iranian sovereign debt. by her supplying metals like steel, aluminum and call on the honda motor sector is the focus as well. the administration says this is all about keeping up the pressure on iran. >> our policy is not regime change, but we want to put unprecedented pressure on the government of iran to change its

behavior and so far they show no indication they're prepared to do that. >> as we continue applying maximum economic pressure on the iranian regime, i remain open to reaching a comprehensive deal that addresses the full range of the regime's malign activities including its ballistic missile program and support for terrorism. i reinflate her some five downplays the possibility. iran has always believed in diplomacy that the u.s. cannot be contested. the president's continued insistence on sitting down and meeting is meant to create division inside iran. a second batch of sanctions is scheduled for november 4th. davenport is meant to target iran's energy sector. back to you in new york. trade to thank you on the blake. here's like a oil is trading right now. forty-nine cents a barrel pushing $70. gerri: up marginally. the battle continues in northern california with the state's

biggest wildfire ever continues to grow. the mendocino complex fire has burned 283,000 acres and is only 30% contained. more than 14,000 firefighters taken a total of 16 major fires burning across the state. gerri: one resident living near the fire state to protect his home. >> if we would have left the first night we were alone because there were no trucks coming in, my house to be gone. embers blowing off the hill running around putting them out like crazy. tracee: very scary. seven people have died in california's wildfires. jerry brown says the state needs to evaluate most about construction in underdeveloped areas. gerri: and just hours, the polls will open fires dates. that time of year again already with four primaries in kansas, missouri, michigan, washington and one special election in ohio. in kansas at the crowded

republican race for governor endorsing secretary of state crisco back yesterday. democrats hoping to flip two of the for gop congressional seats. president trump endorsing attorney general josh holly for senator. he hopes to see claire mccaskill in the fall. president trump endorsing michigan attorney bill shute to replace republican governor rick snyder, but he faces through republican contenders for democrats. democratic candidate abdullah said has garnered support from bernie sanders in the michigan senate race are hoping to secure the nomination to take on democratic senator debbie sabin now. the president has endorsed african american business executives in john agencies running again detergent manufacturer sandy pressler. maria cantwell is running for a

fourth term, but not without a fight. 30 challengers include 13 republicans, for democrats, five independents and one libertarian. the race everybody's watching pitt ohio special election could president trump endorsing troy boulders and to take over an open congressional seat. tracee: while you're sleeping, another successful launch for the spacex overnight. >> three, two, one, zero. [cheers and applause] tracee: there it goes. felt none returned to earth landing on date of course i still love you drove ship. the second stage in orbit deployed communications satellite that will provide service to indonesia and other areas of southeast asia.

i was up watching us. gerri: so awesome. "the wall street journal" reporting that facebook has several u.s. banks including wells fargo, citigroup, jpmorgan to share customer's private initial data like credit card transactions, checking account balances would be used as part of a new feature on facebook's messenger app or users can access bank account information that facebook is denying the report saying they are not seeking data for anything other than improving customer experience. the company says it would not use the information for ad targeting purposes or share with third parties. shares of face that grows yesterday for the first time since last month nearly $120 billion of market value. marginally higher. finished up 4% yesterday. gerri: i don't even want to

share pictures of facebook well on my bank information. the justice department appeal in a judge's ruling allowing at&t to acquire time warner. claiming the judge ignored fundamental principles of economics and common sense when he signed off an $85 billion deal in june after a six-week trial. the government has argued the acquisition would be to higher prices for consumers and reduce competition. at&t issued a statement saying appeals are two overs. the stock closed down yesterday. gerri: another big change coming to movie pass. scaling back the amount of new films customers can see for its monthly feel of $9.99. would've as many as one movie a day, customers will be limited to three per month. the change comes after weeks of financial difficulties that have resulted in a tumbling stock price. the new policy goes into effect on august 15th. thirty-nine dollars to just 7

cents. the stock gained 2 cents yesterday on the news of the subscription changes. gerri: we will see if this brings more financial stability. consider reba mcentire on is the face of kfc, the company has announced the newest colonel sanders and "seinfeld" fans are very happy with the choice. ♪ ♪ tracee: yes, jason alexander best-known for playing george to stand the emissaries of sitcoms being asked to promote the $20. alexander says he's exciting to combine his love for kfc with sitcom experience to create a new spin on the role of the

colonel sanders. he looks like him. gerri: no it doesn't. tracee: i think he can pull it off. gerri: is different. that's for sure. well, reba was different. president trump's walk of fame star. can they really do that? wall street analysts are saying it's time to sell tech stocks. are they crying wolf? u.s. stock index futures right now. the dallas 94, the s&p 500 up 7.5. the nasdaq up 27 pairs in pretty good news for your tuesday. you are watching "fbn:am." my life is here... [telephone ring] ahoy-hoy. alexander graham bell here... no, no, my number is one, you must want two!

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tracee: welcome back. let's get you caught up on what's happening now. chicken u.s. futures in the green. effigies of a 92. s&p 500 up by 7.5. pretty good this tuesday morning. venezuelans train to flee their countries turmoil have hit a roadblock in brazil. a brazilian judge has ordered the country to close its border to venezuelan migrants. federal lawyers have appealed the ruling an official said the border is still open than 1 million people have left

venezuela since 2015 sleeman economic and political crisis overwhelming brazil social services. attorney general judge sessions vowing to move forward with the trump administration's decision to end the daca program. sessions are loading a judge who ordered the administration to reinstate the obama era policy which came to the u.s. illegally has children to remain here. the judge ruled the administration failed to provide just vacation for the decision the session says the judge overstepped his authority. west hollywood is not starstruck with resident trumpeted the city council voted unanimously to approve a resolution urging the removal of trumps loss of fame star. the transfer has taken a beating since the 2016 presidential campaign most recently by a man with a pickax. the hollywood chamber of commerce says it will number in the list are over public backlash. that is what is happening now.

trade for the nasdaq closed higher for the fifth straight session yesterday at longest winning streak in three months. tech stocks helping to drive the buying, but morgan stanley said time to sell the tech sector and they should share the bank stocks. you know the stock because they are so widely held in your portfolio. chief investment officer at novo pointe capital right now. great to see you. let's start by her. how many hedge fund managers, how many money managers have lost their jobs by making this very called that it's time to sell tech. is it time right now? >> i don't think it's time to get out. it's time to get more selective. we've been more selective all year. they've outperform the high expectations going into earnings. they were halves that have not

been they've given up a lot of ground. gerri: make a really good point. everyone talks and that the same business. absolutely not true. what is true is that tech has a huge waiting in the s&p 500 index. 26% is such a big part of that index. let's dig into some individual names on your screen right now. i want to start with apple which made headlines last week a bouncing through the $1 trillion market cap mark. bulls say hey look, this is a company with an incredible service sector revenue. they make something like a margin of 60% of businesses like the app store, and music streaming and you know what, they are not that expensive trading at 1520 times nick steers earnings. is apple if i here? >> yes. apple is decidedly unhelpful in our investment strategy has a

real good example of a company with a large user base that they are able to monetize that directly where they think facebook is the opposite they have a large user base as user base and they struggle to find ways to monetize. gerri: let's get to facebook. there is a company in the crosshairs of regulators and we hear this story. they wanted to do business with the major banks to picture personal account information and allowed you to access your personal financial information through facebook. a lot of people upset about this. is this done or should you buy it? >> it's not a stock that we own or that we plan to own, but that is the innovation in silicon valley. he did not turn on cambridge analytic and bad quarterly earnings. keep pushing forward and keep finding new ways to do business. gerri: able to choose amazon

introduce tech stocks. 1800 change. if you want to buy a decent sized steak of amazon stock can you basically have to take out a second mortgage. is this a company that can continue to pile on earnings gains. an incredibly impressive quarterly performance. >> they didn't have earnings for a long time because they were consistently reinvested in the business. now that they start to have earnings, there is expectations on those earnings. it is a unique animal and the grocery business. in the department store business. in the web services business with a lot of interesting things. just on the stock we know that this time. gerri: i want to mention quickly before we leave this but morgan stanley is making their column type because they think it's possible there's a rotation this fall with interest rates rising. we will see what happens.

if we are right and are right in the tech are right in the tech gets its turn volatility roller coaster, overweight growth and momentum strategy and the pain will likely spread the contact. that is what they're saying. thanks for coming out today in helping us out with this segment. we appreciate your time this morning. >> absolutely. have a great day. gerri: u.s. well. tracee: hurricane had her bears down on hawaii. meanwhile, heat waves hammers the country. fox meteorologist janice dean has the forecast and u.s. stock index futures seediness all. s&p 500 up by 7.5, nasdaq up a 26.5. you are watching the "fbn:am." ♪

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tracee: hurricane is headed for hawaii. gerri: fox meteorologist janice dean is here with the latest. >> good morning, ladies. one of the strongest hurricanes we've seen in some time moving towards hawaii. the good news is the category four monster would remain south of the islands. we will still see some rough surf and potential for wind and rain in the forecast. we'll have to watch the track. other big stories. the heat and mock of moisture into the west where we have dozens of wildfires that continue to burn has been an unbelievable season and we are just not getting any moisture to areas that really need to see it over the next couple days. other big stories coming to heat across the northeast. millions affected here by heat advisories were in some cases it will feel well over 100 degrees as we get into the daytime in

the afternoon. make sure you protect the elderly in your pants and bring the kids inside. a lot of air conditioning and a lot of water. potential for showers and thunderstorms stretching from the northeast back to the great lakes in the midwest as well as the southeast. daytime thunderstorms is what we call them. again, just by getting the moisture into the west which we desperately need. gerri: no running in the part. >> no, man. take it easy. gerri: the trump administration we imposes sanctions on iran with iran's economy in trouble, will bring the leaders to the bargaining table. pistachios can we love them, right? california's biggest agricultural exports to china. now they are caught in a trade were crossfires. let's take a look. u.s. stock market futures higher this morning could bid up 86, s&p 500 and seven, and announced that the 25. you are watching "fbn:am."

>> i think the effect of the sanctions has dirty been felt in leasing a continuation of demonstrations and riots in towns and cities across iran is the city has gone into a tailspin. gerri: crippling financial sanctions go back into effect in iran. will they bring the iranian regime to the bargaining table. trade investors focused on earnings optimism as they wind down. the dow up 39-point yesterday. >> ahead of tuesday's results, the stock market futures in the green printed up 79. s&p 500 up 655. the nasdaq up 24. stronger the next active bank earnings help europeans doxepin

higher. by 51, cac at 543. stocks in asia rose with better chinese stocks rebounding for the shanghai composite up to play 7%. the stock sharply higher in hong kong as well. tracee: why are are pistachios caught in the crosshairs of a possible trade war. "fbn:am" continues right now. gerri: 5:29 a.m. in new york on tuesday august 7th. good morning. i'm gerri willis in for lauren simonetti. true to good morning i am tracee carrasco and four cheryl casone. hours after president rouhani slams the sanctions of psychological warfare and demanded to start talks with president tram.

tracee: write to greg jenkins live in washington d.c. with response from the white house. good morning. >> president rouhani not happy because he ended ended the year brand-new clear giovanni reinstated sanctions designed to administration officials who also say they are not in tended to bring about regime change or rather regime behavior in their open-ended negotiations. president rouhani has this. >> when you impose sanctions at the same time it's like someone pulling a knife to stab an enemy in the arm of the same time claiming we should be talking and negotiating. >> european leaders urged allies to join its maximum pressure campaign. we take steps to make clear that the iranian regime faces a choice. stabilizing behavior were integral to the global economy or continue down the path of

economic isolation. he's willing to meet without preconditions as long as he gets an apology and compensation. national security adviser john bolton was skeptical. >> let's see what really comes of it or whether it's more propaganda. if the iranians are going to come and talk about all of their malign behavior in the region and around the world, i think a i think they find a president willing to do it. >> house minority leader nancy pelosi calling it a counterproductive action while diminishing america's international credibility but there you allies and setting back the path towards a more single vision of peaceful nonnuclear. these first sanctions were intended to target precious metals in iran. another round of sanctions goes into effect in november targeting the oil sector and the central bank. we will see whether or not this has any effect on bringing iran

to the table. but the situation they're certainly very unstable. we shall see what the sobering. >> yes, we'll be watching it. let's bring democratic strategist and republican strategist. good morning, gentlemen. >> good morning. >> i want to start with you. let's both listen to a talk by john bolton. i want to get your reaction to this. >> the iranians have these negotiations in the past just to delay the effect of sanctions and pressure him to continue making progress on their nuclear weapons program. so the iranians want to sit down and talk about not just a failed nuclear deal, but their ballistic missile programs and their support for terrorism in their belligerent military activity in the region, we are prepared to do that. tracee: what do you think of this? will this bring iran to the bargaining table?

>> that the exact question we need to be asking. if we are willing to work with the iranians to come up with some kind of deal and their allies across the world, then yes. but if we keep going in there with one insider deal, i don't think that'll be helpful. >> would you believe? will it bring iran to the bargaining table? >> here's the important thing to think about president rouhani had talked about in his eyes he wants us -- he considers negotiation with us paying him back up everything considers negotiation. you cannot take back acts of terrorism and that's a president trump a president trump the show in a strict about an important message here. we are showing a show of force and strength of that is the most important thing.

they are revoking licenses to sell, making it more complicated for things such as aircraft, boeing, those are being wind it down over the next 90 days as well. these are things taking place there must be done. you can't negotiate with someone who tells you in order for us to negotiate you have to pay me back or pay her country back for the billions of dollars you've lost. that's not how it's going to work. that's not how you negotiate. president trump is doing a phenomenal job in showing up for us. tracee: alright, so so we just heard that president trump just redid that anyone doing business with iran hopefully will build to get that three up there. the iran sanctions have officially been passed. these are the most abiding sanctions ever imposed in the november election back to yet

another level. anyone doing business with iran will not be doing business with the united days. i'm asking for world peace. what you make of this treat? >> there's always breaking news, right? i think we need to talk again with all of our allies and this seems to be a bilateral conversation and something we come to an agreement with all of our allies. you can't just say hey, i'm going to poke the bear family of the not have any kind of plan. the other thing is we left an hour coming back. what does that say about the plan the administration might have. it leaves a lot open and a lot to discuss on what's actually going to happen. >> u. r. d. say they won't go along. do you think they'll change their minds? the president saying we want to business as anyone who sides with iran. what do you think? >> i think that it will help.

what this will do, this will show a new america. president trump is showing again a new show strength in a forest spirit always that america first and that is what this is about. america first. everyone is not going to be happy. we're not going to please everybody because everyone's used to certain way of doing business. now we have president trump is sticking by everything he said in his campaign promises, which is obviously the largest thing which is america first and we refuse to not have initial support. when you have sanctions such as this been imposed, boeing obviously i'm bored. there are obviously forcing them to do things in other areas. >> thank you for joining us today. >> as the u.s. and china could canoe racing towards one another in a game of economic chicken command to trade were have u.s.

concerned. trying to william la jeunesse has a story. >> a prolonged trade were urged both. >> china typically biased 30% growth in the united states. >> the big worry is what happens if a prolonged dispute. >> trump trade were took center stage. china is the state third-largest export market. >> china slap tariffs on pistachios. >> no grower likes to see terrorists. >> out of dozens of products, why pistachios and almonds? one reason, pressure. california voted for clinton. for the five are just not producing counties voted for term.

>> specific targets in mind. in who the leadership is, which is house majority kevin mccarthy from bakersfield. jeff denham, it didn't thought of in devin nunes. >> were the first attack is what they know they will hear from the folks in very vocal when it comes to these issues. >> trade policy from washington puts it at risk. >> national ad campaign tries to balance support for the president opposing his policies. >> we're very optimistic optimistic about the economy under president trump however we're very concerned about washington. >> worries and economic ripple effect of the supply chains, tracking, processing which explains why many worry that tariffs on something as small a thing that could choke the golden goose. jerry and tracey, back to you.

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tracee: welcome back. the sketchy product and it's happening now. on the green dow futures up by 73. s&p 500 up by five and three quarters. pretty good start this tuesday. an insurance industry group has a warning about electric driver assistance systems. the group just across from taz, mercedes and volvo and found that the systems may not have vehicles and could even tear you into a crash if you're paying attention. while the driver assistance systems, the group warned that they could fill in a number of situations. mattress firm, the largest retailer in the country is reportedly considering filing for bankruptcy. as a way to get out of costly leases and shut down some

locations, mattress firm has more than 3000 doors in the u.s. general motors has struck a unique kind of health care deal for its employees by passing an insurance company, gm has had to deal directly with heather ford systems to offer employees a range of coverage at a lower cost. everything from dr. visits to surgical procedures will be covered in the deal and that is what is happening now. >> you may know it's been a long summer for does anchor the stock up 10% in the past month make it one of the best performers were behind apple and jpmorgan. chapter 17% since june at its highest level since november 2015. the company releases its earnings in its forecast posted profit of $1.95 a share for the stock ended big improvement revenues as well. does it still have magic left?

hudson valley investment advisor or gas, welcome to you. great to have you here. let's talk about the future for the company. if you looked at the media, this part of the business, boys that under pressure. about 3% of revenue. quarter to quarter they are down in terms of sales. what can they do to choose this? >> there's a transition going on due to handheld devices. about were streaming going on in disney is well-positioned for that along with a number of companies. the acid should allow them to have a more robust offering that they can present to their customer base. espn, which had been some sort of decline over the last quarter it had been in terms of where things are looking at the company moving forward. it's going to be content, what do future entails.

>> critically important and all eyes on disney flicks what they are calling disney's netflix style streaming service, which is yet to get underway and will be available until the end of next year. can disney win in this war? is this a strategy that will work for this company? >> this should be one of the leaders. they hold numbers of maintain and hold a number of fantastic properties. from birth all the way until dusk am an individualist touching a disney property. they're well-positioned. >> disney is known for content, but do they have the management structure in place. >> it's an open area and they are one of the better players.

other assets such as sulu in other areas of people they can learn from. they're well-positioned. a great management team and a learn as they go. i think they have some of the better people in place that would be able to enhance what they have been moving to the next realm. >> quickly, you brought up the acquisition of 21st century fox a parent of this network under way that is to happen obviously. that's already baked in the cake. will this be added to earnings very quickly? >> i will find out over the next couple days. in terms of conference calls and analysts cutting through the numbers. consumer in general, consumer confidence picking up and is usually something that points toward where media purchases aren't consumers in general will be. >> and for that. before i go, what to mention quickly we're expecting a strong move for those companies even

though their bricks and mortar. thanks for coming on today. always good to have you here. >> thank you. >> brian france, the chairman of mascaras arrested. we will have the latest on that story. a new series on showtime. u.s. stock index futures at take a look at the board before we go. seeing them in the green. dow futures up by 78, s&p 500 and nasdaq up by 23 and three quarters. you are watching "fbn:am." [music playing]

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tracee: welcome back. a shakeup at nascar, and the rest of nascar. >> good morning. sunday night on the eastern end of long island, new york, nascar's eeo and chairman brian france was arrested in the hand didn't for aggravated dui and drug possessions. france blew a stop sign and then slurred speech, eyes glassy, blood-alcohol level of zero-point monday. legal limit is .08. when it hits aggravated dui. oxycodone pills according to the police report, france this monday morning on a summer cardinal sins. he says i apologize to our industry and my family for the impact of my actions last night. effective immediately all be taking an indefinite leave of absence from my position to focus on my personal affairs.

over in france is the son of nascar, his uncle jim will take over the reins as chairman and ceo of nascar on an interim basis. he's only been in l.a. laker for a month. lebron james diving deeper into the hollywood theme. showtime announced yesterday the executive producer for an upcoming series this fall titled shut up and drivel. the good athletes changing roles in our current political and cultural climate. but brown also has another show called the shop and that debuts on hbo later this month. 13 football players from the university of north carolina tar heels suspended at least one game by the team. nike jordan shoes. the ncaa violation in january and among those starting quarterback jazz to rock. a four-game ban.

the most lopsided loss of her career. she posted on instagram about dealing with postpartum emotions. and it comes to remember what i was mostly just in a funk. i felt like i was not a good mom. totally normal to feel like i'm not doing enough for my baby. if you're having a rough day or week it's okay i am here, too. gerri: she's amazing. this is a big problem for a lot of women, especially when they go back in the workforce and that's exactly what she was doing. >> pitchers coming off the worst loss of her career. you can gesture as sports or on fox's headlines 24/7. if xm channel 115. tracee: coming up, what is the reaction in europe to restore sanctions in iran. a live report from london when we returned.

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>> u.s. sanctions against iran back in a sec, joshua in london joins us now, good morning, joshua. first off, i want to ask you will european nations join the u.s. and follow suit? >> it's a difficult question quite honestly and we will find out quite soon and snapped back

in a whole host of sanctions on iran and most notably they haven't included some of the key one and the key ones related to oil industry, goaled and silver trade and aluminum and the like. what we will see in response of europe will be crucial whether they will join the u.s. or push back on the u.s. on the sanctions when it comes to november 4th ones which relate to more important oil industry. >> joshua, i want you to respond if you can from a tweet from the president, from trump about the situation, if you -- the sanctions have been cast, biting sanctions ever imposed in november ratchet up to another level, anyone doing business with iran will not be doing business with the united states. i'm asking for world peace nothing less. what do you make of that and

what more importantly will investors make of that? >> yeah, strong words and, you know, it does puts eu in particular in tough position, you have seen russia, turkey back iran and not follow the u.s. the the un wants to do business with u.s. over iran and, you know, it's going to be a tug of war that the eu thinks the right thing to do is to stick by the press and to try to stop them from nuclear weapons, if they get pushback from the u.s. and then put them in quite position honestly.

breaking news this morning cracking down on iran. u.s. sanctions going into effect overnight. president trump already going on the offensive this morning. we will bring it to you. escalating trade tensions to report. one newspaper der standard trumps a form of the trade war is wishful thinking. markets this morning are higher. features syndicate again at the start of trading. one third of 1% higher. not that closer third of a percent in the s&p 500 this morning at a quarter of a percent. some pretty modest gains yesterday on wall street markets higher across the board are done bistro sub 40 points. s&p f. 10. 47 points higher on the nasdaq.

stocks are higher across the board. ft 102 thirds of a percent as is the cac up three quarters of a percent. dax almost 1% at 107 points. the asia overnight gains across the board as well. shanghai composite of two and three quarters of a percent. hang seng in hong kong upon by 5%. facebook doing business with the banks. jerry: is compared to the financial sector at the crisis. social media is worse. but until you get the follow this morning coming up. targeting conservatives turning point charlie kirk and candice allen harassed by left-wing protesters in philadelphia this weekend. this was after a lens was locked out of her own account by twitter. she is here this morning live. her story coming out. wildfire in california exploding in by the largest in state history.