tonight. good night from new york. [♪] he said be careful because if you move too fast it could damage them. >> stocks fall and they could get more aggressive on rate hikes. we certainly hope it does it. here are your markets from yesterday. they actually sunk over 90 points. we will show you the futures and it is continuing.

we are watching oil for you this morning. prices fell 3% yesterday. we were below 70 bucks per barrel. the stocks are opening higher and they are still trading higher. must take a look at asia from overnight. all of these markets are lower. there are big concerns about the trade wars impact on china and its economy. some big investors want to put the ceo out of his role as chairman. and folks, you still have a chance. another jaw-dropping jackpot. there was no winner last night again and no it was not robust. fbn:am starts right now.

it's thursday, october 18. good morning to you. >> i did not win last night. were not winning with these markets either. these comments yesterday from federal reserve policymakers wait on stocks yesterday. basically it showed some officials pushing to raise rates more aggressively to keep up with the strong economy. they apparently shrugged off the criticism that its hiking interest rates too quickly. larry kudlow downplaying the comments. he is not interfering with their independence. he is not going over there to

tell them to change their plans or their strategy. the president giving his view to trish regan earlier this week. meanwhile we will get that soundbite for you a little later on. to were to be talking more about the attacks against the fed. he is set to brief the president this morning on his visit to both saudi arabia and to turkey. we have more in are more in washington with the latest. donald trump is said that he wants turkey to send over audio and video tapes that have shown the murder of the missing columnists. graphic details they say came from the audio recordings the

president made it clear that he wants those responsible punished and both the saudi king and crown prince denied any knowing about it. we will find out. the president also seen that he would not back out of a commitment by saudi arabia to buy military equipment saying that it could cost american jobs. the president centered his policy around saudi arabia hooping the kingdom would help keep a random check. they will hold those accountable . it deserves accountability. they make no exceptions to who they would hold accountable.

about what turkey and saudi arabia had to say about the investigation into the disappearance. in president trump is asking his cabinet members to find ways to cut their budgets by 5% next year saying get rid of that. i'm an ask each of you to come back with a 5% budget cut from various departments. the pentagon is expected to see only a slight cut from its budget. the president defended military spending. we do get the military done last time. i can say beyond president obama the military was in terrible shape. our military is rebuilding like it's never been before.

the deficit grew and this is another reason why we've had pressure on our markets. that's up 17% from last year. the president is can have to montana to hold and make america great again rally. >> the tariffs on imported aluminum not hurting how kyle -- alcoa. a 14% increase thanks to higher aluminum prices. they also increase it for next quarter. i have a net benefit of $27 million from the tariffs. it produced in the u.s. as we get earnings from companies will start to see and more companies are seen as a negative effect. alcoa is a different story.

they're opening a new front in the conflict with china. he plans to withdraw from a postal treaty that allows companies to ship small packages to the united states at a steep discount. they have long can play and been planed about the ability to undercut competition. a lot of these companies use amazon. it cost the u.s. $300 million per year and this is of course another example of the administration's readiness to call very unfair trade policies. they are feeling better about the economy. just about half the population 49% think that it's excellent or good. meanwhile the% of americans who think the economy is poor has dropped. and they're also pretty optimistic about their financial future.

as you can see the gap has actually narrowed from 2015 they were more confident about their future it was 73% three years ago. a little bit of a trend change there. they are sending a message of facebook is sound founder and ceo. we have that story and some other headlines. there is a shareholder proposal to get rid of mark zuckerberg as chairman a facebook of facebook board of directors. this would have no major effect because he already has the buck -- bulk but it does increase that scrutiny of the companies corporate governance. facebook believes that the hackers who gained access to the private information of 30 millions of its users were

spammers looking to make money. not hackers from another foreign country. let's talk about apple now. what is this new privacy portal. the website allows users to search and see what kind of data they have they previously promised to make it easier and faster for customers to find what data they have kept by them. >> and no 11 last night's powered ball jackpot. they said no tickets matched all of the numbers in the new jackpot will be $430 million for the next drive on saturday night. it had grown to $370 million

yesterday. that was up from 345 they are still have friday's mega millions jackpot. i'm going to get a ticket for both. it shows some policymakers are ready to raise rates aggressively. that is despite criticism. we are talking about the fallout for investors here. and advisory groups. michael, good morning. rates have been so low it for so long they have done a tremendous amount of damage especially the sabres.

now that they could make more money for loans. they're more likely to give loans. why do we keep. you sound sound like this from the president. the fed is raising rates too fast. as part of the overwriting narrative. interest rates below one and in half and 2%. especially when they are combined with overwhelming regulation. the fed is still extraordinarily accommodated.

i think the president is wrong here. there is a faction in the fed. they are considering a more aggressive approach. the december rate hike could be a 50 basis point hike. what you think of that. >> i think we will probably get three to four next year. the normalization versus the two and half range. hillary clinton's e-mail scandal is in the spotlight once again.

pumpkin spice everything is in full swing. you don't believe how far they are taking the pumpkin crêpe. and taking a look at futures as we get a break. another rough start to the market.

jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away

if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters.

list get you cut caught up on what is happening. a little bit of pressure on the markets. that's carrying over into thursday. also there is a federal judge. the state department provided clearly false statements to derail losses asking for information about clinton's e-mail server along with the handling of the 2012 terror attack on the u.s. consulate. americans were killed. the judge said he is shocked in dumbfounded to learn that the fbi granted immunity to the former chief of staff.

>> she was arrested on tuesday night with a flash drive containing the stolen information in her hand. she could face up to ten years in prison. and then there is fall and now it's full swing. everyone is jumping on the pumpkin spice craze. now it's buffalo wild wings. they've introduced a pumpkin ale sauce for your chicken wings. the internet is not amused. i thought they were discussing. my wife thought they were good. another wrote this. something should just never occur, i take it sounds good. i can't believe i'm actually admitting that. coming up this morning all eyes are on the next move over the missing journalist.

but the president said he is waiting for the facts. i want to find out what happened where is the fall and we will probably know that by the end of the week. we are can have a long talk. the partnership we formed so what is the right move now. and can burgers give you nightmares. we could act chile had it higher. we will be right back.

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two people are now dead with severe flooding. the governor has declared a state of emergency in 18 counties. we've have the boundary draped across much of texas. a couple of inches on saturated ground. not good news. it is in the future rate are getting a lot of moisture again.

that's what we had flood warnings in effect especially along i 35. here comes. take out the winter jacket. present from making good on a campaign promise. it's too much winning.

the war between amazon and ebay. taking a look at futures on your thursday. a little bit of pressure this morning. 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. hey, i got your text- sleep! doug, when i snap my fingers you're going to clean my gutters. ooh i should clean your gutters! great idea. it's not just easy. it's geico easy. todd, you will go make me a frittata.

go to vettix.org. >> be careful because if you move too fast on rates they could damage it. the stocks falling after they signal and in my get aggressive on rate hikes. it fell about 90 points on the internal debate over how much to raise rates. taking a look at futures as mine.

they're down to 61 in the market. will prices fell 3% yesterday below $70 per barrel. stocks actually open slightly higher there. giving up 3% on worries about that impact in the economy. the new hollowing burger is it more creepy than delicious. we are coming up on 5:30 in the morning. good morning everybody. it is still early in the third quarter earnings report.

so fall it has been a stellar earnings. 84 percent of the company said that companies that are reported to have it have it beat earnings per share estimates. why are they celebrating. worries about rates. the interest rate fears are definitely taking over the good news on earnings which some people think is a little temporary because of the tax cuts and the pain of higher rates could be here for many months and many years. that is the main concern going on right now. they might hike rates in december. as the world ending on this. they don't want to have a recurrence of runaway

inflation. i think that is a historical paranoia. i think they want to err on the side of inflation. in the lower rates. in that benefits you if you're in the real estate business. and that's probably true. as can cause more problems and a recession. what happened a few weeks ago his things were going up a little too fast. even some variable rates. i think that's what they were scared about when they see them come up a little bit. they are looking for early signs of economic damage.

it might be coming. and he said it's the biggest threat do you think the president has overreacted with all of this criticism. it is the biggest threat to his presidency. but some of that is a little. no way. they are looking at it like that nixon era. really it because it was pushing the federal reserve person not to raise rates. they are sitting on a $4 trillion. they have a lot of power to control. they built it up to ten years ago in the crisis.

i think they can err on the side of that. we did that that these brand-new fox news polls. 49 percent. just in august it was 47 percent. is that a good or a bad thing. it's not a leading indicator. they were really optimistic in 2000 before the economy fell apart. as i future projector. it just when people feel good now. this figure and data has become so political as people how they feel about the economy and then when it flips there pessimistic. those are so brainwashed by

it. thank you for being here. great perspective. secretary of state mike pompeo is set to meet this morning. they are publishing what it describes as a the last column. they had been given free reign to continue james, let's start there. that if saudi arabia's crown prince was involved if that happened it could've been because he won't tolerate criticism. what you think. that's why we take this issue seriously. he was a harsh critic of the administration.

they actually try to engage with them. the notion that somehow they were deeply concerned about him and his criticism. that is why there is a credible thing that they may have done something. the facts matter because the foreign policy that we head with that region of the world absolutely matters. they are important strategic relationships for the united states. in protecting the credibility of the united states that we are not just blowing in the wind. that we are serious leader in the region. that we are holding people accountable. they are looking at how our credibility is also out the line.

in the background of all of this and it's very important is the fact that there is a trade relationship between the u.s. in saudi arabia. they are a tops weapons buyer. i think what we should do is not take that order. who are we hurting its 500,000 jobs. ultimately i hundred ten billion dollars. we can turn that down why would we do that. trump has said follow the money. if we have a good commercial deal we should be concerned if they are killing journalists. do you think that's the right response. i think all of these things had to be weighed in. >> there is a war in yemen. what they want is to have a hezbollah in yemen.

that is an interest in the united states. we don't want that to happen. we want to balance of power there. i think all of the interests have to be weighed. there's plenty of time for this. we will have time to get facts. it's really kind of weeks off. thank you very much for your perspective. they're taking legal action against amazon. hatred tracy. we told you before that ebay had sent a deceased infosys letter. but now they are suing amazon accusing the company of illegally poaching sellers on this marketplace through the internal messaging system.

this alleged scheme was used by dozens of amazon sales representatives to recruit high-value ebay sellers. what did the heirs to campbell soup had to say about a potential border ousting. they are less helpful. that is likely in the future. he has been pushing for for months. the inventor of condensed soup. they control more than 40% of the campbells shares. burger king is really trying to scare customers for halloween. that the new spooky scene which there it is on your screen has a quarter pound of flame grilled beef.

and green sesame seed bun. it will be available through november 1 at locations nationwide. coming up everybody. they take another stab at repealing obama care. mitch mcconnell is going big on keeping control of the house. it's a dead heat in the indiana senate race. in the red state of indiana. it's not down 90 points. nasdaq giving up 35. you're watching fbn:am. ♪ ♪

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good morning and welcome back to our show. will shade the market activity. we are down 84 points. the losses continue. tesla is expanding overseas. according to government records this transaction cost about a hundred $40 million.

that is the wife of the doj investigator. all part of the investigation. into election meddling. they will reportedly reveal of the results of his probe shortly after the midterm elections. rod rosenstein praises the mueller investigation. republicans say they may try to if they win enough seats in november. we do it. we are not satisfied with the way it's working". despite having a seat in trump territory joe donnelly.

in the businessman. joining us for more on this race. good morning. let's just remind everybody he is a democrat watch. not on my watch. funding the border wall. kristen, he sounds like a republican. i have the good fortune to work with him. joe doesn't care if he's working with republicans or democrats. he works across i all the

time. this is joe. he may be running like he's a republican but his by his voting record is the opposite. he is voted with bernie sanders 74 percent of the time. when a democrat starts invoking key party positions you know that they are desperate. if they want to win this race. he has it paced --dash mike paying him. 74 percent of the time. because of the cavanaugh confirmation they're all there all but locked out with taking back and this is one of the best pickup opportunities. he's actually boosted this campaign. you could criticize him from the democratic side. now he is loaning his campaign.

he didn't raise it. i'm to a medical back really quickly. these percentages that we throw out here. that gets thrown out at us all the time. joe just head his most successful fundraising quarter. they are smart. that is a great point you make christian. as his pulley in the low 40s and there's about a double digit undecided voters. that's why he has a great shot

here. he does has to convince independents that he is not part of indiana values. they could actually do that. he could actually go out with ads. the voting record they don't necessarily add up and that might be a smart strategy. these are reflective of the policies over the years. it does not promise you. when you start running away

from the he did not vote for cavanaugh. they are going to be in real trouble. they are the best pickup opportunities. now we are going to add north dakota to the list. thank you very much guys. insurat won't replace the full value of your new car?

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welcome back, we have a major-league controversy at the plate baseball playoffs. one call may have changed the series. it's really a controversial call. a two run home run maybe should have been was the difference in game four. it appears to be a two-one home run. they clearly prevented them from catching the flyball.

where the contact occur. what did you think of the call today. once they reach the line of defense. we will pen if -- penalize those. a line drive left field. and did they make the catch they did it. the red sox within one wing of

the world series game. game number five. they pitch in boston. the dodgers pitcher clayton kershaw. seven innings against the brewers. only three hits allowed. they drove in the run. it was funny about this single that they hit. they go back to milwaukee. lebron james is going to make the debut. a revival of the 1980s. the trailblazers we lost a great week. we will see this on the trailblazers jersey the season beginning tonight. and you can be sure to see the ceremony before the game.

is going to weigh in from london. . . ñ??w

lauren: caught up on global market action overnight. stocks closing in asia and down sharply especially if you're

looking at chinese market, kospi down almost 1%. we are starting to see the chinese economy slow as so-called trade war, what might become trade war impact that part of the world. cheryl: let's take a look at europe, you had slight kickoff for the green, brexit still big story and we found up that the u.s. will be negotiating separately with the eu and england as brexit gets closer and closer. dax in the green right now. lauren: we are following asia this morning. our futures down but much better than they with. now dow futures are down 48, s&p 5, nasdaq down 18. yesterday we saw financials putting nice performance. materials lagging, energy lagging and we are seeing energy

lag. cheryl: to make a point, you have american express, travelers, both dow component, that could change story for u.s. markets today. who knows what comes out of saudi arabia, investigation of the journalist, oil has been a big story, of course, we are waiting to see what's going to happen with saudis and oil supply in general. below 70 bucks a barrel, gold which had been kind of safety play last week under slight pressure right now. lauren: we will show you how the dollar is trading against key currencies around the world and the euro, the pound and yen are all up versus the u.s. dollar this morning. cheryl: well reak before we send it to maria bartiromo, the concern over interest rates and the 10-year, maria, above the 3% level and investors still concerned about what the cost of businesses and of course, consumers will be with interest

rates. maria: i get that, you know, girls. that creates competition and they want to put it where it'll be safe. that debate continues this morning for surement we will see you in a little while, good morning, everyone, thanks so much for joining us, i'm maria bartiromo, happy thursday to you, it is thursday october 18. investors taking in this morning with the market under selling pressure once again today, dow industrials expected to be down 40 points at start of trading, 3 and a half hours to go. nasdaq down by 20. dow industrials finished well off the lows of the day, nasdaq and s&p 500 with little change, dow down 99 points. in europe little bit of gains, we have money moving into

stocks, ftse up quarter percent, cac quarante half percent and in asia overnight markets lower across the board. take a look at china. the u.s. calling out china over currency practices. stock market in china down 3%. shanghai composite down 3% overnight. presumed death of jamal khashoggi, secretary pompeo to update the president today. >> they're an important ally but i want to find out what happened, where is the fault and we will probably know that by the end to have week, mike pompeo is coming back, we will have a long talk. maria: latest as jamal khashoggi final column appears in the washington post today, calling for change. zuckerberg with another prosa