mexico-u.s. border. department the homeland security security says our borders are open and there is nothing we can the biggest threat is the fed. the fed is raising rates too fast. the dow jumped 588 points. we will blow out some scriber growth from netflix.

nasdaq is down 17 and a quarter. they are higher on the back of the wall street gains. almost 19 points. it is now down to 38. green green on the screen in asia, here is the big headline. if you did not pick up a lotto ticket blessing you still have a chance. the mega millions jackpot is jumping. fbn:am starts right now. it is 5:01 a.m. here in new york. were ready to go. i think were going to win tonight.

we kind of hit the lottery with the markets. if you're an investor you are happy. they continue to criticize the federal reserve. the central bank is the biggest threat because its interest rate hikes could slow down economic growth. i'm not be with what he is doing. he's going too fast. if you look at the last inflation numbers they are very low. trump has spoken frequently against these rate hikes last week saying that it was to control and logo. it triggered the recent selloff in the market. results from netflix could help. the extent of the trading overnight.

subscriber growth crushed in the expectations. unbelievable. they were adding a 7 million subscribers beating its own target. they reported disappointing growth in the previous quarter. agree to a a great 237 million. and they issued a guidance for growth in the current quarter. as we watch that the bold in general are back in control on wall street. there are a number of concerns about economic growth. we are joined now. the rest of us that may not win tonight. we here at the same worries come back and forth. we are worried about inflation. interest rate hikes.

and yet they still flock back to u.s. markets. it's amazing how it can be a great tonic. and despite some of the early earnings warning. the bulk are reporting excellent earnings. three points lower than it was at the start of the year. because returns are about 5% on the s&p 500 yet we are having 27% plus earnings growth. i mention trade earlier about one of the concerns of for the market. even last week. about a dozen companies actually talked about on their conference call the worries about tariffs has a story now gone away. do you think this is the new normal and i think the story

has gone away. and this is forward guidance the tariffs so far don't really amount to all that much. let's look at what the end game is. we want an even playing field where there are no tariffs. his way of getting there is so unconventional and that can describe his whole presidency. are you concerned about the language against the fed. netflix and attack are you learning -- looking for technology. i think tech will take over the leadership. after apposite the summer and early fall.

president trump should be patting himself on the shoulder because they are able to do what they're doing because of his fiscal policy. it has given them the ability to move towards that. it was great to have you on the show this morning. an interview with our tricia regan present trump is saying the former mayor michael bloomberg would not make it through the democratic primary if he runs for the white house. that could be easy. and he could be so easy. and you would be of the do anything in the primaries. i think the democrats will eat him up.

they reregistered as a democrat the 76-year-old billionaire saint he will take a look at a potential presidential bid after the midterm elections. today, stuart varney is going to be life at the white house. don't miss bernie and company that starts at 5:00 p.m. eastern time right here on the foxbusiness network. after visiting saudi arabia mike pompeo is now in turkey for the investigation into the killing of the journalists. the secretary is saying the kingdom promised a transparent investigation present trump also weighing in on the case in an interview with trish regan. it depends on whether the king or the ground prince knew about it in my opinion. number one what happen, but what happened and what they know about. if they didn't know about it

bad things can happen. turkish officials say that the operatives beat drugged and then killed them. in the top diplomat. a cleaning crew was seen before they did their inspection. they're both racing they are both racing towards an initial public offering. ischemic rivalry continues on wall street. they have received proposals valuing the company as much as $120 billion. that is more than, gm, ford and chrysler are worth. they delivered the proposals last month the highly anticipated ipo could take place early next year.

lift has reportedly picked underwriters for the public offering that is expected in the first half of 2019. j.p. morgan chase will leave the offering and along with other additional banks still hold smaller rules. valuation is expected to pass. it was valued at earlier this year. things are okay right now. i just checked things are back up and running. but youtube went down worldwide. they saw a half loading page with subscribed channels but no videotapes. it was aware of the issue and working on it. in an hour later they said the problem would fix. they did not say what caused the outage. they started trending on twitter is a did not know what

to do with their free time. we can have a conversation based on that. thank you very much. we will see you in a bit. if you are feeling lucky go out and buy a mega millions ticket. last night's drawing have no winner. the highest price that number now soaring to $868 million. it will be on friday. in the meantime it is tonight with the jackpot of $345 million. i will watch out for them. they made some money yesterday this way. see how futures are trading over yesterday's big rally.

and also coming up. watch out amazon, who in disney. netflix just showed it is still unstoppable. the fact that they came up with these numbers wow. were they that good. where they as high as 12%. and it could open doors. and then it could climb stairs. but you won't believe what they're doing now. they are doing now. you are watching fbn:am. (guard) what i've witnessed...

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>> take a look at futures right now in the premarket after yesterday's big rally for stocks little bit of pressure this morning. s&p is down four and a quarter. the nasdaq is down 18. and a quarter. netflix has a number 7 million subscribers. it rose 4% yesterday. and is surging in the premarket up almost 12% there. thank you for coming on this early. we appreciate it.

investors were so disappointed because subscriber growth did not look strong and here we are rebounding again is a third more than wall street had expected. new content really helped out. at the stronger the stronger growth internationally than expected. netflix is spending billions of dollars to create new content. this is a kind of thing that is fueling that growth. how long can they sustain this. especially when you consider as it they have more 70 competitors out there. that just want to spend as much. they are trying to contain -- contain their own content.

those other places such as warner bros. and disney they want to create their own direct content services to customers. netflix really needs to spend this kind of money to create the content that consumers can only get at netflix. will they be able to do that. can they overcome that hurdle. one of the things they have going for them as the international growth. a lot of that growth this past quarter i've seen some analysis of trying to figure where they're doing them. they don't break out the markets. they suggested that there was a lot of google searching in india for how to get them that. during the quarter they launched some india specific programming.

interesting stuff. it's amazing to me how they can turn this over to new countries all the time but even that growth could ultimately be capped. before you go, i want to ask you the company said they will no longer report the number of people assigning up for free trials. as i a red flag at all in your mind. they were trying to suggest that some of the uncertainty was because of the uncertainty in the guidance. well had to wait and see. i would just like people to tell us what's going on. of course we will be watching a lot of stocks today. and actually goes a little bit lower. after that big selloff. saudi arabia promise of true parent investigation.

they are calling the bluff. >> i know what i meant to do eminent sanction the hell out of that. president trump says not so fast. innocent until proven guilty. but is that the right approach. and how did the u.s. judge feel about them calling them the short seller admission. geico has over 75 years of great savings and service. with such a long history, it's easy to trust geico! thank you todd. it's not just easy. it's-being-a-master-of-hypnotism easy.

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welcome back liz get you caught up on what's happening. after yesterday's big rally on wall street are pulling back a little bit more this morning. the s&p is down four and three quarters. nasdaq is down 20. elizabeth moran as back in the news today after sending a letter to several investment firms responsible for shutting down toys "r" us. they want to know why they wanted to do that. they're also urging the firms into starting today you can especially smoke marijuana throughout canada. they can carry and share up to 30 grams of marijuana and buy products from regulated retailers. it's now the biggest come -- country. it's worth more than $4 billion. remember spot the robot dog. he has learned some new

moves. check it out. the boston dynamics setting up to have that ready for the market next year. taking a look at u.s. futures before we go to break. let's take a look. we are down across the board. the nasdaq down 23. you are just 20 days away in the race for the florida governor is on.

will a trump loving republican be able to fight off a bernie socialist. surprising a new study suggest that's where we may be headed. taking a look at futures right again here. all and the negative. in the negative. you are watching fbn a.m. expedia introduces add on advantage,

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the biggest threat as the feds because they are raising rates too fast. investors may be less worried than he is. and stocks sworn in yesterday. they jumped 548 points.

that question today of course is will it blow up subscriber growth. it is up 11% after hours. they are down and we've a weave a little bit more selling. is down six and three quarters. that some 42. in green on the screen in asia. over 1%. they were in hot water with users. coming up on 5:30 a.m. here in new york. it's wednesday, october 17.

great to have you here. great to be here the day after stocks. the tech sector which was leading the selloff. netflix could fuel the momentum. the stock is surging in the premarket after a strong's earnings report. david what about that. can netflix a set off set up a tech boom here. it is a good catalyst with the strong numbers that they reported. i actually think the story is even bigger than netflix. overall what we've seen was fueled by a few things. mainly earnings. but when it is all said and done. third-quarter earnings should be about 22 percent. it would be the third consecutive quarter of 20's% growth for the market.

homebuilder confidence. they are motivated by strong economy. they continue on and job opening. let me just interrupt you for a second to add onto that. they show more jobs than job seekers by 900,000. and that is just a breakthrough number. something is going on in this economy that we really haven't ever seen before. is the stock market playing catch-up to the broader economy. i think it is to a degree. but what we are seeing here in that number. i think we are underestimating the overall strength of the u.s. economy. i think we will see a melts up in the markets through the end of the year. a million more jobs they are manufacturing to say the 16th

month straight these numbers are great. before president obama left office he said president trump would need a magical wand to see that. it's working. certainly we saw that they were for great earnings resorts. all of that is great news. i think there is gonna be some selling pressure this morning. we still have a large number of companies still needed to report. i think it is a little bit of noise. i think you'll be followed by growth.

i think there is some uncertainty with the midterm elections. but since 1946. the markets have never been negative. i think we will continue to see a rally to the end of the year. i think we will have them see all-time highs. thanks for having me. secretary of state mike pompeo's meeting with officials. they continued their investigation. joining me now is the senior fellow daniel davis. this is a big and really tough spot that it's founded in. they are going to a transparent investigation, do we believe them.

we have to certainly go down that path. i think the most important thing for us to recognize at this point is i've heard a number of republican senators on fox in the last couple of days we certainly can get herself locked into a situation where we have an economic interest with saudi arabia. we can't risk a hundred billion dollars of trade. we have greater interest than just any transaction. you have to look after american interest first and we can just turn a blind eye to something that one of our friends in the region might be doing. on the back of that to your point if the administration does not act then congress well. i want you to listen to what president trump told our own trish regan last night about why they are taking a wait and see approach.

they would buy lesser quality equipment because it's so much better than anybody else. so were not really hurting them. were hurting ourselves. i don't want to give up 110 billion-dollar order or whatever it is. the president is doubling down on this. i think the president doesn't realize how much leverage we have. it's not that they had leverage over the us. it's the other way around. we had leverage over them because they need our equipment. they have to have what we have. i think the bigger issue here is if her looking for something like this. i think a far better thing

that would work in our interest is like if we said we need to re- get our support in the yemen war which is work which is not an american interest. it was tied to iran. the sanctions are coming due in a couple of weeks. and also you have to say they still do import. they have then the second largest exporter to the united states. >> we should be worried about american interest in that term. with the number one oriole production right now. our exposure is a lot less than it's commonly thought. we can't be subject to one financial transaction. as we watch all of the story play out at the end of the day. it's about american who has children in this country.

colonel davis, think you very much. a facebook under fire yet again. this one from advertisers. it is according to a complaint filed by advertisers facebook new of problems with how it measured viewership of video ads for more than a year than facebook disseminated an accurate metrics that overestimated the amount of time users were spending watching these video ads. the lawsuit is without merit and has moved to dismiss the fraud claim. we will wait to see what they tree out treat out about this. more than six and a half

percent. with the settlement with the sec over the august 7 tweet. under terms of the settlement they must pay $20 million to the sec and musk must step down as chairman of the country. you will see something about a new study with renters. more than three quarters of americans some 78% now renting as a more affordable than 40 -- owning a home. up 11% from six months ago. this is the latest indication that the rising rates will continue to pressure home sales about 50% of renters now say they don't currently had any plans to buy a home.

tracy, think you very much. this is a bit on fortunate as well. it's actually down in the premarket. the u.s. regains the economic crown and has not worn in more than a decade. they take off the main character. you are watching fbn a.m. liberty mutual accident forgiveness means they won't hike your rates over one mistake. see, liberty mutual doesn't hold grudges.

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welcome back let's get you caught up on what's happening now. s&p 500 done seven and half. president trump announcing a new white house counsel to replace that. the world economic forum said

that they are back on top with the most competitive in the world. the popular tv character is killed off. i still can't believe she zero deed. they premiered for the first time last leslie in a joint statement with her rabbi rosanne said we regret that abc chose to cancel them. there is a lot happening when it comes to politics right now. and we are going to focus on more. this is a state that is

notorious for elections. injured gillam holds a slim lead over one of president trump's most loyal supporters joining us for more on this race. we should say that it is been criticized for running ahead of the hurricane, watch. >> praying with the kids, build a wall. should he have suspended that type a political ad as a hurricane approach to approached the state at the

time. when they are approaching the state of florida it's a tough time to be talking about politics. and now the debate was just canceled it for for the first debate. so it's a very delicate time. voters deserve to know the issues. and they deserve to hear from the candidates. it's the biggest governors race in the entire country. because of the implications for 2020. we need to deal with the hurricane. but they need information in order to make an informed decision. they are being criticized for being portrayed as a socialist. and pushing this idea of medicare medicare for all. it could cost $33 trillion.

is that the kind of message that is going to resonate in florida. with the record on healthcare. they almost take up white people's right and that is what is the response also. he is appealing to young voters. they are from behind. the groupie like tactic for donald trump. you are seen all seeing all of these negative ads. the mayor is trying to save people's lives. this is tallahassee the state capital. they both head to suspend their campaigns.

they actually went down as a seer get to campaign there. he does have that slight lead in the polls. including very liberal super wealthy billionaires. and also very wealthy billionaire. they have poured millions and millions of dollars into the campaign. i happen to think it's because they want to put florida in democratic hands to try to prevent trump from winning election in 2020. could this be the first black floridian to be nominated for governor.

do you think those will motivate the younger democrats to go out and vote. i think his positions on guns and inclusion are really exciting to young voters. it's not the same state it was 20 years ago. it's more urban state. the rhetoric they are about to make history. we shall see. that's why we have the election coming up. thank you very much for that perspective it's a hot one. >> that is going to be a good one. let's check u.s. stock market futures.

they raise their championship flag. ('god's whisper' by raury plays)

welcome back there is a new

season beginning for the nba. we turn to the special night for the golden state warriors. for them it really never gets old. just over four months since they won their second straight nba title. they celebrated their third championship in four years. we've never seem championship rings like these once. reversible rings. it has a new and blue look. seventy-four diamonds for each of the teams went. but in a great way. one might say the same about the war years. they opened that series with 32 points. they beat the thunder. earlier they beat the 70 sixers. from the bay area to southern california. it was a sunny night for sports fans. five hours and 15 minutes

after it began against the brewers in game four. the dodgers in 13 innings every -- and beat the brewers. they play today just after 5:00 eastern. the bases are loaded for the red sox. they blasted the astros. eight-two. they are we reacting to the grand slam on the spot fox sports set. david ortiz and the red socks. that series is on tbs.

you also had me and jewelry. seventy-four diamonds. injured max, thank you very much. the u.s. is stocks posting their one day performance since march. [music] lled fury. freakish intelligence. wicked seduction. these endeavors will rattle your soul... and challenge the contents of your stomach. if that sounds dramatic... it is.

the stock is this aging a broad rally yesterday. the markets joined us now. what you say. the reaction was to politics. we cut a couple of profit warnings. and that sent it sharply lower. also wayne on the other side. it has now slipped into negative territory and we are coming off of the highs positive reaction. but were now being away down a little bit. we are watching all of those earnings of course. our watching what is happening with the trump administration. what you traders say about

that. that they will be on the back of the trade deal. i think it's too early to billy draw any conclusions. we will have that with markets today. a big rally. it was good to see. to make a good move yesterday. happy wednesday to you. it's wednesday october 17. the trump economy they are taking a pause. the futures this morning on a bit of a pullback. it is set to open down at any point this morning. they are also up a third of a% right now.

the major indices rallied on strong earnings and economic data better than 2%. the nasdaq was up 216 points at the close almost a 3% higher on the nasdaq. as you can see it is a big story. there they are up just two points. in asia overnight the asian market is taking a cue from wall street. hong kong closed for a holiday but japan up one and a quarter percent on the ek average. investigators -- investors are watching more warnings. i head of the open this morning. that will bring those numbers as soon as we hit the tape. that's what he told trish regan yesterday. we have the greatest economy

that we've ever had and the numbers just came out today about job openings. we are taking a closer look ahead. new questions at this morning for saudi arabia. as part of the investigation into the disappearance of jamaal the stogie. this is another case of guilty until proven innocent. the streaming services down for several hours yesterday. what was behind the outage coming up. an overnight thriller in la. they are finishing around 215 a.m. eastern time 2:30 in the morning. with all the highlights from last night.