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

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questions to answer. that's it for us. we thank you for being with us. trade negotiations begin again between the u.s. and canada tomorrow >> judge kavanagh is one of the most distinguished judges. i think we ought to have this loudmouth removed the? lauren: allow day on capital hill as first day of hearings for brett kavanagh with democrats and protesters trying to derail the hearing. cheryl: a fairly track-- flat rate in session with the dow losing 12 points. lauren: there is more pressure on us stocks with worries about emerging markets and trade stocks sending futures down 160 points. cheryl: looking at europe stocks opened a lawyer-- lower and they are still in the red.
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lauren: much of the same in asia as well. look at the same composite, down 1.7%. cheryl: amazon the one big standout in the market yesterday the company crossing the $1 trillion mark, just weeks after apple did the same. "fbn:am" starts right now. lauren: 5:01 a.m. in new york. good morning. i'm lauren simonetti. cheryl: good morning. i'm cheryl casone. looks like we will have a rough ride for the markets today. lauren: at least at the start. cheryl: we begin with the chaos on capitol hill. president trump supreme court nominee sparking heated fighting among the senators. lauren: judge brett kavanaugh and republicans stood their
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ground as democrats and protesters try to stop the hearing before it began. edward lawrence was there and filed this report. reporter: good morning. day one of the supreme court nominee hearing for judge brett kavanaugh with disruption. 63 times this hearing was delayed on the first day. us capitol police arrested 22 people in the first hour of the hearing. democrats called for adjournment and asked to delay because they say they don't have all the documents they want. president donald trump withheld 100,000 documents for executive privilege on the 488,000 documents they have 42000 of those that were received monday night further angering democrats. >> i would not hire an intern in my office knowing only 90% of their resume. there's not a person here who would buy a home only seeing 10% of the rooms back officially there are no rules that say when
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document to be released for confirmation hearing some documents were released after the committee hearing for judge neil gorsuch. the opinions here are coming down on party lines. the capital well aware of that and said he will follow the law and set aside his feelings. >> for 12 years i've been a judge on the us court of appeals for the dc circuit. i have written more than 300 opinions and handled more than 2000 cases. i have given it my all in every case. i am proud of that body of work and i stand behind it. i tell people don't read about my judicial opinions, read the opinions. reporter: committee chairman chuck grassley says he wants a vote by the midweek, but will stay through the weekend if he has to. >> everyone start exceeding their time limit, so i guess as long as we have to stay here and get this all done today if we have to
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stay into the night we will stay put back later today stars the question and answer period. it should be a long hearing. back to you. cheryl: also on capitol hill today facebook and twitter executive getting a return in the hot seat. facebook chief operating officer and twitter ceo will testify before the senate intelligence committee about their ongoing effort to eliminate foreign interference in the midterm elections. the company along with the google have come under fire for not doing enough to stop the spread of misinformation by russia during the 2016 presidential election. the senate panel rejected google's offer to set its chief legal officer instead of larry page who is the ceo of alphabet, google's parent company. twitter ceo will also testify by himself before a house panel today. whether his company is silencing conservative voices. lauren: trade talks with us and canada resume in washington
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today. the canadian foreign minister said to met-- meet with robert light heiser after the two sides failed to release -- reach a deal friday. president trump said he's ready to proceed with the deal with just mexico if that is what he has to do, but is still open to talks with canada. canada holding a firm line and prime minister justin trudeau says he wants to see another-- a number of things in a renegotiated agreement and said no nafta deal is better than a bad one for canadians. cheryl: that will be interesting. the nfl has responded to the latest controversy with colin kaepenick. he was named the face of nike's "just do it" campaign sparking backlash and praise from nike customer. lauren: while the nfl is citing -- siding with colin kaepenick. here's a statement:
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lauren: investors may have disagreed taking a look at shares of nike, they were down more than 3% yesterday and we at this news, the nfl will reportedly allow teams to accept advertising from casinos with certain limitations. the new york post reporting owners persuaded the league to reverse a long-standing ban that could add millions of dollars in revenue. cheryl: making the league richer than it already is. apple is no longer the only us company to hit the trillion dollar milestone. lauren: must be nice. tracee carrasco joins us with that and other headlines making news. tracee: that's a lot of zero's. amazon is now the second us company to reach $1 trillion in market value. it took the company 165 trading days to get from $600 billion in january to 1 trillion pictures of amazon climbed 1.9% in midday trading yesterday topping the magic number of $250.27 needed to push the
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coming value above the chilean dollars. the stock ended the day up 1.3%. it surged nearly 75% this year. amazon has a long way from being an online bookstore with its cloud computing business, acquisition of whole food market and online pharmacy for pills and we will see who will vote third company be. cheryl: how rich is jeff now free to the richest man in the world of seating bill gates. cheryl: looks like tesla is getting competition. tracee: yesterday mercedes-benz unveiled its first fully electric car, a battery-powered suv called the qc. it with the road in 2020 mercedes-benz plans for as many as 10 electric models by 2022. goldman sachs has resumed its coverage of tesla getting a headache
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celebrating weeks after suspending coverage to help ceo elon musk explore taking the company private. lauren: the mercedes looks nice. not a nice story, serial continues to make a sick which ones? tracee: not a nice story. the cdc said 30 more people have gotten sick after eating kellogg's honey smacks serial that is contaminated with salmonella. still being sold in the total to 130 cases in 36 states. in june, recalled over a million cases of the serial for more than 30 states due to the potential contamination. the cdc is adding three more states to the list that have reported illnesses, delaware, maine and minnesota. so far 34 people have been hospitalized. cheryl: just in time for breakfast. lauren: no honey's barracks-- honey smacks. cheryl: our own susan lee today will sit down with uber ceo for
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a first on fox business interview. she will ask him about some major issue that uber has been dealing with including the timeline for possibly going public. we hear 2019. we will hear what he has to say. lauren: tropical storm gordon making landfall on alabama mississippi border bringing heavy wind and downpours. is the democrat strategy of moving to the left actually working? we will have the results from the massachusetts primary when we come back and it looks like a rough start to the wednesday morning with investors seeking the dow jones down 106.7 nasdaq down. you are watching "fbn:am" so you just walk around telling people geico could help them save money on car insurance?
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cheryl: welcome back. lets get caught up on what's happening. a rough ride looks for investors today as futures are pointing to a negative open with worries about trade and pressure on emerging markets. the dow is down 116 in the s&p down 10 and a half. primary shocker in massachusetts a progressive democrat knocked out a 10 term congressman. boston city councilwoman be him by double digits
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and issued a warning to both sides of the aisle that change is coming. to chicago, ron emanuel troubled time as the mayor coming to an end. you announced he will not seek it third term months before february's election. he did not give system-- since the fix. john kyle expected to be sworn in today to replace late senator john mccain. the former senator tapped by the governor of arizona. >> i'm accepting this appointed to fill the seat vacated by the passing of my dear friend because of my sense of duty to the state i love and because i am putting my country first. cheryl: he has committed to serving one year and has no plans to run again when the seat is up in 2020. that's what's happening now. lauren: in the weather, powerful storm ripping through with about
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10 people killed and hundreds of others injured. the strongest typhoon to make landfall in that country since 1993. look at this video on screen. strong wind blowing a tanker into a bridge in one of japan's largest airport closed indefinitely after being flooded by the typhoon. of the weather has been ugly overseas, but also here at home. cheryl: we have had a lot of weather to deal with especially in the south. we are dealing with tropical storm gordon took it made landfall west of alabama mississippi border with several tornado warnings issued after radar showed possible twisters assisted with the storm. a child has died after a tree fell on a mobile home in florida. janice's life and the fox "weather center" with the latest. janice: not done with the storm yet although it's weakening. to 5:00 a.m. advisory is out, 40 miles an hour and still a tropical storm.
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we never reach the status of hurricane, but we have rain, potential for severe weather as well as storm surge moving in towards mississippi alabama border. we will feel the effects of the storm well north all the way up towards the great lakes. it will be caught up in a trough in a cold front and you see several inches of rain not only for the gulf coast-- gulf coast states the towards the midwest and great lakes. some isolated regions could get upwards of a foot flood advisories are posted. again, the great lakes all the way up to the great lakes down towards the gulf coast affected by this system. this is hurricane florence, by the way. a new advisory potentially affecting bermuda and then maybe the east coast and then we are also watching several waves off the coast of africa that could develop, so a very busy september not only for the atlantic, but pacific as well.
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back to you. cheryl: busier hurricane season, janice before we could get all of it in september. cheryl: thank you. lauren: coming up amazon and ceo jeff nibbling at apple joining them officially in the 1 trillion-dollar club. what come he could be next? worries about markets are weighing on stocks this morning. is this the start of september volatility with dow futures down 117, s&p down 10 and nasdaq down 34. you are watching "fbn:am" you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal.
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lauren: nevus on the second us company after apple to hit one: dollar in market value. we discuss this and other things with the jonas faris. good morning. >> good morning. lauren: i was reading forbes student exclusive with jeff bezos and they called him jeff bezos unbound meaning he doesn't think about the current, always thinking about the future. where will the company be two years from now? what is the future for amazon shareholders in the company? >> it's a good thing he had 70 quarter losses losses in the beginning. the future is a very great, but also so big that their growth will mimic the economy at some point. a trillion dollars the economies around 20 trillion, you won't just keep growing double digits at forever. you will hit this wall. not there necessarily now, but you have to
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produce earnings 10, 50 billion a year forever to support this and that's hard to do. competitors come up. no one can see that now, but it did look like aol or cisco or anyone else, walmart didn't see amazon coming so again it's not like it will collapse 80% like the nasdaq did in 2000, but it's also fully valued growth rates in the next 20 years. lauren: amazon is so diversified as the entire us economy. a talk about trade and how this figures into the corporate bottom line and economic numbers we are getting. we have the us and canada, nafta trade talks to resume today. @to the same time tomorrow we might see us on another-- us tariffs on another billion dollars of china products. how do investors plainness? >> right now investors are scared of how losers are doing, which is
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emerging markets and write on these stocks and bonds and emerging markets are a the edge of crisis. it's not like a full-blown crisis, but people think they will lose and the monies flowing to america with our dollar possibly rising too high. it's not a good time to invest in a country that couldn't get the full head of the tariff war with america. doesn't mean it will be good for us. there's other reasons the economies are falling apart, but part of it is the global trade situation. lauren: i imagine american companies are perhaps even though the economic climate in the us is strong there may be fear going themselves too much because what if we have a trade war, so what does the federal reserve do in a situation like this? >> i can imagine a job report so hot it would
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need the trade war to raise interest rates to 4%. our dollar is already too high. they don't know what economic drag we will get from a trade war, kind of uncharted territory. we can't-- i think we have to wait and see and a lot of companies will wait and see. hiring will be relatively slow job growth because it. lauren: thank you. have a good day. cheryl: coming up, a new type of work requirement. why you have to be a senior citizen to work at starbucks. plus, do you subscribe to netflix? how about a subscription for your next car? a lot of pressure with emerging market worries down 11, s&p down 10, nasdaq down 35 in the premarket. it's wednesday. you are watching
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>> here are the facts. judge kavanagh's one of the most distinguished judges-- mr. chairman, i think we ought to have this loudmouth removed. cheryl: drama on capitol hill on the first in hearings for supreme court many brett kavanaugh. today the question and answer session begins and what am other democrats plan to use to derail the nominee. lauren: political drama not affecting markets at least not yet. the tao did fall yesterday. cheryl: worries about a possible following emerging market hitting futures. the dow down 113, s&p 10 and a quarter. lauren: theme is read and europe. trade tensions weighing on stocks.
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cheryl: new us tariffs on chinese goods take affect tomorrow. the shanghai composite down 1.7%. lauren: the once highflying blood testing is taking its final bow. "fbn:am" continues right now. lauren: not quite 5:30 a.m. in new york. wednesday, september 5. good morning. i'm lauren simonetti. cheryl: good morning. i'm cheryl casone. a little drum on capitol hill with more coming today. brett kavanaugh is back in the hot seat with the president trump supreme court nominee returning for day number two of his confirmation hearing. hard to imagine and becoming more unruly than yesterday's opening marred by protests from democratic lawmakers and a few protesters.
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>> i urge you to shut this hearing down. cheryl: the disruptions continued as lawmakers attempted to make their opening statements. there were 63 interruptions before lunch or capitol police say they arrested 70 people in total. david, good morning. >> good morning. cheryl: you only see the drama at the end of the hearing not when it kicks off, but that's what we got yesterday. today is the q&a part and democrats-- we already know what the playbook will be. they will go after him on obamacare, truthfulness, his views on executive power, how does he feel about guns. were you expecting? >> i agree, i mean, can you imagine he had to sit through that the entire day yesterday without answering a single question? that is just wrong. he had his family behind them, his two daughters. they will go after him. there's a saying when
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you are cross-examining a witness, don't poke the bear and here this is a very educated jurist, i mean, he's been through the public sector. he's been in the white house. he's been on the bench. he's an educator. he will be ready and i can't wait to hear his answers. cheryl: he clerked for retiring justice anthony kennedy and he is someone that really has a lot of decisions based in the business world. i looked at some of his decisions based on employment law and he asked to run against sea world when the trainer died at the park. he was the dissenting voice in the opinion even though sea world ultimately prevailed, but yet he has also cited with regards to racial injustice in other companies. i'm wondering if the business side will come up today in the hearings >> they will, certainly. i expect him to focus on the torture issue, you know, don't forget he's in the white house
quote
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during the bush administration and he has separated seven-- himself from the torture issue. some democrats say he lied in previous testimony. i think abortion will be another big one. business will play a part today, no doubt. i don't think it will be the primary focus. cheryl: also the balance of power will shift. they want a vote done by october 1, on kavanagh. at the same time with john kyle now taking senator mccain seed out of arizona that meets 59 -- 51 to 49. really a less you get to her for defectors on the republican party-- if you get to defectors out of the republican party and all the democrats voted no that would put the nomination in jeopardy and that does not seem likely to happen. >> let's not forget three democrats also voted for neil gorgeous the last time around so it's not necessary that they sweep, but they have the numbers mean this is why elections
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matter. when you control the senate, you control a chair, you control the committee, you control about and that's with the republicans have here i anticipate he will be confirmed. abby: again, the democrats will have their say again today and they-- especially for booker who's looking for potential 2020 run for david, we will have you back to talk about more. thanks. lauren: facebook and twitter goes executive to get grilled on capitol hill today on how they are working to prevent foreign interference in the upcoming midterm elections and have a place content on their site. michael nguyen's is to be tech editor. michael, i would imagine these hearings will be harsher than the one at mark zuckerberg faced in the spring. >> .com. and the expectation is these will be more forward-looking with a lot of questions about what both twitter and facebook are doing to prevent foreign interference in the upcoming election this year and also just moving forward. i think a lot of
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government officials want to know how these platforms are protecting user privacy, how the algorithms work, how artificial intelligence is being used to identify foreign interference, so it's a very forward-looking event happening today and we are hoping to learn more about what-- lauren: we won't. michael, we won't because no one understands these algorithms that change all the time and they're like these big black box that we can't wrap our minds around and if you are lawmakers potentially regulate in these companies don't you need to understand how they operate and work? >> absolutely. what we have seen from previous hearings is a lot of the most important information is revealed after the event, so the case of mark zuckerberg testified in front of congress the most salient information that we got was received several days after he actually appeared in front of congress in a written statement from facebook lawyers, so my
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guess would be something similar will happen today with a lot of posturing, a lot of you know a lot of good marketing and branding for both politicians and these companies, but at the end of the day they -- the salient information will be in a written report. lauren: i want to talk about facebook first. coo general sandberg supposed to be the adult in the room helping mark zuckerberg. she will get grilled on capitol hill or choose no stranger to how washington politics work , but in your opinion has she done an effective.-- job being that adult the room overseen how facebook handles privacy for instance in foreign interference on its site? >> no, i mean, sheryl sandberg is obviously one of the most successful women in the tech industry and so i think that should be said, but no. she clearly failed in 2016 to identify the stuff. to cody did not do enough to stop it during the last election and
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obviously the jury's still out about whether they can do enough in the upcoming election. i think sheryl sandberg's point today will be facebook needs help. their big talking point will be that they still doesn't have resources the government has, no-- they don't have the investigative or two-- tools of the cat easily identify who is carrying out these campaigns and what their motives are. lauren: final question. after the senate grilling jack dorsey the head of twitter alone goes before the house energy and commerce committee. he is speaking about the republicans will grill him severely on this. he's speaking about the way the company silences conservative voices on twitter. what do you have to say about that and what you think he will say? >> jack dorsey has been pretty resolute in that twitter doesn't use political ideology to determine whether they shadow band of someone are basically they don't use political ideology to determine how they treat any users, so i
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think he will continue to say that talking point and also a lot of the gop lawmakers have used my reporting from 2016 to start this in the first place. i was the one that broke the story on suppression of conservative news and i can say definitively that that report has been misused largely by senator cruise, and a number of other gop candidates so when they dig into how these platforms work and how things are filtered through the system, i think they will find there is no political ideology. there's no determination based on political ideology. lauren: we will see. part number two, 1:30 p.m. michael, thank you. we have a programming know, susan lee will sit down with uber ceo with a first on fox interview later this morning and she will ask him some major issues that uber has been dealing with, culture of the company and their timeline for a big ipo.
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cheryl: now, we move to embattled company finally shutting down. lauren: tracy joins us with more and that any other headlights making news. finally they are done? tracee: guests, following scandal. blood testing company will soon no longer exist according to an e-mail by shareholders, he will formally dissolve and will pay unsecured creditors it's remaining cash in coming months. this is after federal prosecutors filed criminal charges against the company founder in the number two executive is alleging they fronted doctors, patients and investors out of million. cheryl: kind of a fitting end to her that committee ended up. let's check on car subscription services. is that something that will be mainstream? tracee: i think it might be like the other subscription services. the freedom to have a car when you need it without the hassle of owning it. this is the latest trend in the auto industry and its gaining traction.
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the subscription packages include the car , insurance and maintenance and some of them will let you trade the vehicle in on a regular basis while luxury automakers like bmw, mercedes-benz and porsche offer subscription programs, those mainly cater to drivers who want to try out a variety of expensive vehicles, ford and started companies trying to reach out to other drivers hoping this catches on. lauren: might life is too full of subscription services. it adds up at the end of the month. one starbucks is saying he must have gray hair to work here? tracee: something like that. starbucks in mexico city just opened its first café made up entirely by senior staff members. 55 years and older starbucks along with the national institute for the elderly has a program in mexico of labor inclusion that gives employment opportunities to senior citizens. starbucks mexico plans
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to provide employment to 120 senior adults by the end of the year with those jobs they get benefits, which we now can be tough. cheryl: i love this because the baby boomer generation that lost their jobs during the recession are still kind of the final left behind piece of the employment picture in the united states. i wish they would do it here. lauren: i think that would be a great program. the issue here-- i don't know about the senior citizens you know, but i don't think my parents are in the starbucks thing. cheryl: thank you. lauren: coming up director tyler perry offers a well-known 80s after a job after he was spotted working at trader joe's spirit to you know who that is? and say goodbye to tv commercials trying to sell you stuff you don't want. what one company is doing to personalize your ad experience. some a chocolate is all i have to say. 's futures are down.
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we are accelerating losses this morning. we will be right back and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal.
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lauren: let's get caught up on what's happening. we will show us futures with big losses of this morning. we see similar decline with s&p and nasdaq. special counsel robert moore says he will accept written answers
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from president trump to questions regarding not russia collusion investigation. this after months of back-and-forth between trump lawyers on whether or not the president should sit down for an interview. the president and his legal team have not yet responded. the justice department has lost investigation into the handling of a sexual abuse allegation against former us gymnastics doctor larry nassar. this is after recent claims fbi agents failed to respond to complaints from gymnasts right away , waiting at least nine months before opening a formal investigation. larry nassar is serving a life sentence for sexually assaulting multiple women who were under his care. actor geoffrey owens could be making a return to the big screen thanks to tyler perry. geoffrey owens is a former "the cosby show" actor recently shamed on social media after photos of him working at a trader joe's went viral. p retreated at him asking to come enjoying his new show.
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a lens says he received lots of interest and he said he wants to get the job on his own and on his merits rather than the recent publicity and that there is nothing wrong with working at trader joe's. cheryl: i go to trader joe's new jersey and i never know who i will see. lauren: you might see me. cheryl: you will see me there, also. imagine a time in the future where every commercial you see while watching your favorite show or movie is customized just for you. well, the future is becoming a reality and video platform company innovative leading the way and joining me now is the president. bedpan, good morning. >> thank you. cheryl: fascinating, so 55% of americans have connected tvs and you are the company taking companies and changing the commercials to personalize them. how is that possible claimant it's a 55% of consumers who have ip enabled streaming devices, using them
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because they have an opportunity to really have a personalized content experience. that's indicative of the fact that consumers today are welcoming personalization and brands are leaning into that and a recognizing there is a huge opportunity to connect with consumers differently. of the technology needs to enable that and that is where we has the largest independent video company is able to bring our platform to bear and bring that personalization. cheryl: you are leading the way in all of this and you have given us an example of what i guess our future will look like, so we will watch a show and won't have to watch commercials we don't care about anymore. on to play an example of what you have made for us. watch this. ♪
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cheryl: and going to see that commercial in my television only that's personalized for me? >> exactly, and that was done by coca-cola on the platform and there were 4000 different versions with different names. cheryl: how do they get the names that and-- beth? >> we work with the streaming providers to connect the dots and this was partnership with channel four who gave us data and the result consumers loved it and make sauce sales of 24%. cheryl: so, you are-- you have done an ad with volvo and he said double-digit sales jumped because they put out this interactive commercial and to be clear you are working with all broadcasters whether it's fox, nbc and also companies by conagra. you are connecting the two. >> exactly. we work with l'oreal,
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conagra, samsung, over 340 global advertisers to help them reimagine and think how they can connect with consumers and we also work closely with the content partners, everyone from fox to reimagine what that advertised experience can be. cheryl: really quick and went to ask you, do you see a future where netflix will have an ad supported platform québec there is rumor about that you're quite think they will-- my hypothesis is they will continue to experiment with that because advertising done well and really thought through was a great experience for consumers when them the choice, they have an opportunity to supply what's important to them in the same way to define what content is important. cheryl: not annoying is what i love. thank you for being here
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lauren: coming up we will explore the fallout from nike's use of colin kaepenick and instead ad campaign as nike stock sank 3% yesterday on the ad campaign and it was a late-night nailed barter-- biter at the us open. let's look at the markets. we see a bit of a selloff with dow down 120 points and nasdaq futures down 35 too cold for camping? too hot to work? nah. this is the gator xuv835. with game-changing heat and air, it's never too anything for anything. hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement...
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cheryl: the city that never sleeps surely earned its nickname last night at the u.s. open. cheryl: jared, what a matches. >> a long day's journey.
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i'm so happy for our staff back into work this morning and got to live-- watch a live usa match at 2:00 a.m. four hours and 49 minutes it took to complete. lost the opening set six, love against dominic thiem. after 2:00 a.m. local time the defending champion closed out a five set marathon advancing to the semi finals. juan martin del porto also advanced against american john isner. earlier serena williams on the winning end against currently not. serena wins her fourth straight. also the hundred matches played out arthur ashe stadium, sloane stephens lost. president trump responded to nike's decision to re- up its endorsement deal with colin kaepenick and feature the former quarterback in a polarizing ad that portrays colin kaepenick as someone who sacrificed everything by kneeling for the national anthem. the president telling the daily call her as much as i disagree with
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colin kaepenick's endorsement in another way it is what this country is all about. you have certain freedoms to do things other people think you should not do. he said i personally am on a different side. i think of the terribleness. nike he points out paste a lot of rent referring to the five-story nike flagship store in manhattan run by the trump organization. 23 days from now the best golfers in the us will compete against the best from europe in paris for the ryder cup yes. yesterday three players were added to the top-ranked and yes tiger woods in the group and phil mickelson. one more pic will be announced monday. let's go to baseball. hello, newman. it's kevin cramer and kevin newman, two rookies on the pittsburgh pirates last i gave seinfeld fans a quick moment to have
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fun. you can come up with your own headlines. i wonder if newman and cramer on their way with the mail truck to michigan. lauren: took me a while to get that. [laughter] lauren: thank you. cheryl: coming up, despite trade tensions us factories are on fire. we have surprising number's coming up and a reaction from traders in london when we return. morning sir. chief, the blade isn't passing quality gate. that's why you work with watson. i detect frictional loss on the midspan. it can detect the tiniest defects from just a few images to help production stay on time and on budget. i optimized the fiberglass finish
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to reduce frictional loss and maximize airflow. i was also part of the maximizing. for ai that can do more with your data, choose watson. hello. the best ai for the job.
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lauren: american factories coming in august cracking out products the fastest since may, 2004. michael joins us now good morning. michael, despite the trade headlines and this potential war, american manufacturers are doing well. do you see signs of overheating in the industry? >> i think it really depends on which survey you look at. the isn survey was very good across all levels. i think the only slow down i could see was in prices paid which slip back a bit, but it's only one survey. if you look at other manufacturing that showed a slight moderation, so i don't want to get place too
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much of this is someone set of numbers this week service number should give us a better idea. it makes up a much greater percentage of the us economy, but these numbers were very good given the dollar a boost, but also presented some problems with respect to emerging markets because of perceptions that us rates could go higher quicker. cheryl: glad you mentioned emerging markets. that's what we are watching as well today. michael houston, thank you very much. >> thank you. lauren: futures are down over 100 points this morning. take you for joining us. cheryl: we send it over to maria >> good morning. think you for joining us. it is wednesday, september 5 just before 6:00 a.m. on the east coast. the blood testing company will be gone soon following the fraud scandal. we have all of the details coming up this
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morning. then, technology on capitol hill today as they spoke sheryl sandberg, twitter jack dorsey will be grilled on possible for an influence over social media and political bias >> we want to know the-- who's behind the curtain, who's "the wizard of oz" if you will pulling the levers that may cause censorship. >> preview of the hearing coming up this morning. look at futures indicating a weaker start for stock facebook down 2%. broader averages looking lower with dow industrials down one half a percent, 100 points lower in the recipe 500 down 10 and nasdaq off about 30 points after a mostly flat close to the market yesterday. a fraction of losses with the nasdaq down a quarter of a percent. in europe trading is similar as you see down across the board.
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indications of a slowing economy in china continue trade tensions with the us putting the asian markets in the red overnight. as you see hong kong down to &. gordon has turned deadly. the tropical storm has killed a child leaving thousands of others without power. we are tracking the storms pace. it then, the trillion dollar club with amazon joining apple as the second company to be thou you doubt $1 trillion. what the future holds for both technology giants. all of those stories coming up. great to see you. >> great to be here. a lot going on today. maria: we had a jampacked show the story. >> good morning. >> i think yesterday was the day the left wing nuts officially lost their minds online on twitter driving away potentially groups and groups of the voters for years to come because

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