tv FBN AM FOX Business September 26, 2018 5:00am-6:00am EDT
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in the wrongdoing in those allegations. cbs also says bruce gordon in the form defense secretary our leaving the board. the shares are down 4% this year. dieter detra is stepping down next year. with the development and research. propose to become the have of directors. he has been with the company since 1976. twitter is rolling out a new way . we have more news. good morning. in a blog post yesterday twitter said it's planning a new policy that will focus on what it calls dehumanizing speech. the new rule would be in contact.
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in an identifiable group even when the material does not include a direct target. the new policy will target things that may seem abusive. it does not target a specific person. they are asking the public for feedback on this proposed rule. >> the food chain sonic they have a new owner the deal comes as a sonic battles increasing competition from bigger rivals like mcdonald and wednesday -- wins wendy's. summary mergers going on. but here is exciting the story this morning. dunkin donuts is no more.
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it is officially dropping donuts from its name and well simply be called dunkin. don't worry donuts will still be on the menu. the company said the name change is a effort to modernize and increase its focus on other items. it will always be dunkin' donuts for me. they just built a new dunkin' donuts so it's already out in the marketplace. anyway. tracy, thank you. we have a lot more coming up. a travel nightmare. thousands of passengers stranded because of a major glitch at delta. how are they shaping up this morning. would you like some beer with your pancakes. i happen is putting ib back its name. the nasdaq has a third of would pursue watching fbn:am.
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years in prison. the 81-year-old will be serving his time there you see it. he was seen leaving a philadelphia courtroom handcuffed yesterday. delta airlines said it led to a ground watch in place. many of them unable to accept their boarding passes. i happen is putting the be back. a pumpkin pinking -- pancake snapped. that is a fun little oktoberfest for you.
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stocks ended mostly lower yesterday. it has been on a tear and consumer confidence heading an 18 year high this month. let's start right there with consumer confidence my friend. you have to go back to the.com bust to find consumer confidence that has been higher. right before the bus. there on the tear. possibly in the markets maybe even the economy. 4.2 percent. eighteen year high's. this is unique to the rest of the economy. i think this economy is still has legs in it. no concerns are for the rest of the year but as we get into
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the later stages of 2019. they need to remain cautious. to see how much more legs does she have. nothing hurt. i think they're really responding to the jobs numbers in the market. that is what is propelling their confidence right now. you have to ask yourself. is it that be getting behind the curve on inflation. they made it clear. and they don't want to let the economy overheat. but they're trying to get to neutral. inflation is not hurting the economy. i think what you're getting it as is at is as we really don't have a case study i want to
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remain positive but there's very little data that supports what we should suspect. we are still positive on the it's a large symbol market we've have in history. i hope you are wrong on that. you are expecting a quarter-point rate hike today. another hike in december. we are looking forward to 2019. i want to read you what is normally in the statement. that sounds dated. could that go out today. >> he is a keyword. there is accommodative. it will be very telling. but again they want to get to
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the neutral part of the economy. but i think it's still a bullish signal that they i'm remaining confident. but i don't think we are going to see a major concern in the markets. i think the markets is priced in. for september the dow is up more than 2%. very good news for investors. david, thanks for coming on. still head. republicans won't delay the confirmation hearing. that is precisely what chairman grassley has done and is doing.
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across the great lakes. we had reports of damaging winds into tornado across the midwest and all of that is moving eastward a lot of moisture with this. flash flooding will be a concern as well as severe storms. isolated tornadoes and for the northeast. all of this is gonna come later on this evening and into the overnight. the include isolated tornadoes. they know what to do if there is a watch or warning in the area. the rest of the country golf coast states. cooler more refreshing air behind it -- behind it. as part of our bun vernacular. coming up next all eyes on iran as they urge world leaders to isolate the rogue regime.
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we cannot allow our regime to possess the means to deliver a nuclear warhead to any city on earth. what can we expect today when trump returns for day three at the un. and talk about a sweet escape. can you get away to a place that only willy wonka could dream of. all in the green here. the dow up a 46. the nasdaq up to 27. you're watching fbn a.m. what do you mean it's not working out, craig? i just introduced you to my parents.
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>> i think he's a wonderful human being. they know he is a high-quality person. the president defending president defending his pick for the supreme court. and brett cavanagh and his can excuse her will testify tomorrow. president trump heads back to the united nations today. after attacking iran. investors still unnerved by those trade tensions. s&p losing three. all eyes on the fed as a central bank is expected to hike interest rates added that the u.s. stock market futures trading higher here. the nasdaq up 27. with a mixed performance in europe. with the shanghai composite.
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1% higher. consumers love reward cards. but retailers actually hate them. fbn:am continues right now. we are coming up on 530 in the morning. good morning to you. i'm gerri willis in for cheryl casone. the supreme court nominee brett cavanagh and his accuser are both is set to appear before the senate judiciary committee. denying democrats demand for a delay. the republicans are bringing in rachel mitchell. she is a veteran arizona prosecutor. she would hand her or questions on their behalf. what we can expect tomorrow. it's good to see you injure.
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that outside counsel. is essentially the bureau chief in phoenix. what kind of questions do you expect her to ask and how will those questions be different from those of the democratic senators. i think you have to head something like this in their in order to establish credibility. but the entire thing is still kind of like a high school debate society. it's not a judicial procedure with unsubstantiated rumors and it's can be fascinating. as can be fascinating to see what happens. what are the chances that dr. ford it does does not show this tomorrow. this is not a criminal trial for which the involvement of an experienced prosecutor
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would be appropriate the goal should be to develop the relevant facts not try a case. what you make of that. it's kinda like a finger trap for the republicans. they have to take this thing seriously so they bring in someone who is very serious and now they are being accused of basically trying to turn this thing into a trial. i think the republicans are doing what they have to do but it's really going to be interesting to see how this thing shakes out. and had -- and having a woman is a nice parallel. you were talking earlier about up substantial rumors. stormy daniels attorney whose twitter account is now private he said he has a third accuser who could come forward when she feels the time is right. when she's ready.
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>> it's just kind of silly. if you have a victim or a witness or someone who has been taken advantage of. produce them but you don't do them -- you don't do that the eve of the hearing. he present this victim immediately and give everybody an opportunity to investigate and find out what happened. it's so fascinating that this can take place in this day and age and you can have a last-minute witness coming forward to make these allegations. the wall street journal is reporting that after all of this donald trump has an open mind and in might actually keep the number two at the agency in his position. >> do it. there is nothing of the democrats would like more right now that for president
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trump to fire him. because that would be absolutely horrific. it would be terrible heading into the midterm elections. i think this entire thing was a trap to try to get president trump to fire him and i think that would be a huge mistake. keep him until after the midterm elections. president trump slamming i ran iran and his un speech. washington is trying to overthrow the government. the vice president of national security. james, always good to see you. thanks for coming in. i want you to hear what he wants the rest of the world to do. we worked work with companies that import crude oil to cut their purchases substantially. we ask all nations to isolate the regime as long as it's aggression continues.
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europe entrenched opposition to the president. tell me how likely is it that trump can be successful in getting the rest of the world to do what the u.s. is doing via iran. even the harshest critics in the united states acknowledged that the sanctions have already have a dramatic effects. it's it is virtually collapsed. they have walked away extremely unlikely that this structure is actually going to make any difference in the world. the hardest sanctions haven't hit yet. do you expect europe to change their mind and do something different here? >> it's really interesting, their european elections for parliament. and then the import -- in point that. is kind of nutty.
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but they are leaving office this year and there will be a new european commission much more likely it is much more balanced and has more pro- trump people in it. this attitude might not even last. i want you to hear president rowe honey talking about the u.s. listen. >> it is unfortunate that we are witnessing rulers in the world who think that they can secure their interests better or at least in the short term right public sentiments through the extremist nationalism and racism. and through that xenophobic tendencies. i would rather call each other names.
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they listen to john kerry. they are looking very closely. if the present is really tough on north korea. if they can play trump and get something for nothing that sends a message to them. i think the iranians for all of their bluster are in a wait and see mode. we never would mow it -- know it. >> big retailers are giving them big push back against the popular reward credit cards. welcome tracy. it is no secret that they love credit cards with generous rewards program. some major retailers are pushing for the right to reject the credit cards.
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they want to end the role of that they must accept all cards or force the banks to lower fees. that is right. mars incorporation has announced a few new ways for people to enjoy hazelnut spread. the chocolate bars made of milk chocolate. they will be available in december. let's stick with chocolate. there is a place where you can now really enjoy chocolate. this is what a sweet dreams are made up. how would you like to stay in a college made entirely of cup chocolate. the cottage in paris is available to book for two
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nights in october. and i don't know if you can eat it. it's kind of interesting. it should be more. tracy, thanks for that. great step. coming up president trump faces kim jong own at the united nations. much work remains to be done. could a new assignment meet brewing between the two leaders. you are watching fbn:am.
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at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. welcome back let's get you caught up on what's happening now. the nasdaq up 25 and a quarter. president trump and kim jong-il and could be meeting
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for a second summit before the end of the year. during an interview with fox news bret baier. we look forward to a summit taking place. in the not-too-distant future. before the end of the year. they went on to say they felt the commitment to complete the d nuclear station. in a and a man who has been arrested and charged on the suspicion of the chinese citizen that moved to chicago in 2013. he was allegedly passed with providing information about several engineers with an aim to possibly recruit them. scientists may maybe one step closer. this is no -- this is great news. experts at the university of cambridge said they found a way to target toxic particles
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in the brain. the breakthrough findings could lead to a new drug as early as 2020. with the all important midterm elections just over a month away. there is plenty of unwanted drama. in addition to the controversy surrounding the supreme court nomination. the former mayor of oklahoma city. let's start with the judge cavanaugh. and i begin with you. they can only lose one vote. there are six unpledged republicans. our swing senators.
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which one of these do you think could possibly hurt the gop and getting cavanaugh in. i think they will all hold the line. i think the stakes are extremely high. one of the things i discuss in my book. as at the american people. they have expectations. they want to see a vote on friday. if those expectations are met. i think you will see more people disenchanted with this. that will affect the turnout in november. i disagree with the mayor respectfully. this is what needs to happen. it needs to be done by the senators that are on this committee. and it's to any to be a fair hearing for the people involved.
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listen to the president yesterday. the democrats are playing a time game. they know it's a time game. they know it's high-quality. in their weakening with each other. do you think they see it as a con game. i think at the delay if the delay tactics kick in anymore. the president's words will start to have a little bit more credibility. people expect action. they want things to happen. people expect that type of behavior. and you can have mayors at running for president in 2020 probably against president trump. i think part of it is the slow in action. i would like to see in the senate move forward with this week and have the vote on friday. we haven't heard too much from many of the democrats can we
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expect any democrat to vote for judge cavanaugh. at the moment i don't see that. there is a tremendous amount of people that are voters that the electorate do not want to see happen in a fast and swiss -- swift manner. this is can be an issue for the midterms. what if we have a third accuser come forward. does it make it look more like a circus. at the get adds weight to the fact that they're just trying to delete. i think people want this to move on. and let's just start focusing on the candidates and all of the swing states out there. and see if the republicans are to be able to hold onto the house and the senate. see mac i will give you the
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final words to wrap this up. i think it's can a way in away in and is can be an issue. in these to be a fair process that needs to be held by the judiciary committee. and everybody needs to be heard. it will definitely weigh in for sure. we are in the twilight zone right now. we will see you tomorrow. coming up in sports. they have a chance to clinch their second straight division title last night. take a look. it will feature a first for little league history. here watching fbn a.m.
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>> welcome back to fbn a.m. the final days of the regular season it's already here and it's becoming a game of musical chairs in the senates. organa pay -- play dj here. they are once again division champions. houston hit the 31st home run of the season. to win the al west. they need oakland to lose. and oakland lost in ten innings. while every playoff spot has been played. the colorado rockies. from the second wild-card spot.
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ten-three. and they move a half game ahead over the cardinals. colorado also gets within a half game. they blew out the cardinals. for five games to go in the regular season. emerson griffin has been hospitalized for reported mental health issues. griffin has been barred from the vikings a practice practice facility for his behavior. jumped out of an ambulance on the way to the hospital. now he's in the hospital under evaluation. vikings have coach mike them zimmer is not thinking about emerson griffin. we are more concerned. he has always been a really good model for us and now he's
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even stepping it up more. two pioneers in sports broadcasting they will become the first all-female announcing team for an nfl broadcast tomorrow night exclusively on amazon prime they will call the vikings, rams game. kramer and storm will call 11 thursday night games on amazon prime. in jet -- injury at creamer. great to see that these two are coming together. in a storm. that's exciting. another great broadcaster. you can catch the fox report.
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what reagan be watching for in the statement. i'll pick it will be any surprise. that the fed will be raising rates later today. is can be allowed -- around the misguidance. the markets are potentially underestimating the prospects of the surprise. i think you can argue is a nearly they are concerned about an inflation. certainly wages at 2.9 percent. i think there is a prospect that they could actually guide higher in the clause. they could argue the case of potentially three rate rises next year. and then oil prices are going up. now her scene calls and a hundred dollars per barrel.
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i think that's over pessimistic if you can argue that. i think simply because it doesn't go up there. likely to cause a specific slowdown. at the last thing that they would want. oil prices going up is it possible here that they could overshoot. that's typically what happens as they get over anxious. and then the economy slows down. do you see that happening. i think there is a possibility that could happen. they don't have a tendency to cut back quite significantly. there is a concern going forward. yes. >> think you very much. we will say good morning to mario -- maria bartiromo. thank you for joining us.
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it is wednesday, september 26. it just before 6:00 a.m. on the east coast. the stage is set. judge brett cavanaugh and one of his accusers will testify tomorrow morning. committee vote is now scheduled for friday. i think it's horrible what the democrats had done. it is a con game. the con artist. they are trying to convince they don't believe it themselves. they know he is a high-quality person. it just resists and instructs. we will talk with the very latest developments. the central bank is scheduled to raise interest rates this afternoon for the first -- a third time this year. i think they are looking like this. up across the board. s&p 500 up five.
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and the nasdaq up 24. that's been a third of the present on% on the nasdaq. take a look at the markets yesterday at the close. with the dow industrial the nasdaq is squeaking out to gain. a gain. the markets look like this up three points. there are 15 points. a quarter of a% higher. in the dax index down 16. a fractional loss there. in each overnight markets higher across the board. the korea markets its close for a holiday. and then there is a waking up but behind bars. bill cosby was sentenced to three to ten years in prison for sexual assault. plus in earnings the results fail to impress. the shares are down to a half% this morning. as costs jump. a cottage in france is available to rent and made
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