tv FBN AM FOX Business October 22, 2018 5:00am-6:00am EDT
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. . . i find it impossible to believe that the crown prince was not involved. i cannot do business with the current leadership. he's done to me. lauren: strong reactions from lawmakers that the saudi's claim that a journalist was killed in a fist fight. cheryl: are heading into the busiest week for third quarter earnings. lauren: caterpillar, 3m, microsoft, opening their books this week. ahead of that, futures are higher. nasdaq jumping, 29.
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cheryl: still concerns about italy and the brexit negotiations in europe. we have green numbers this morning. lauren: looks like the world is taking the page from asia, stocks in china soaring nearly 5% today as beijing promises to stimulate its economy and honk song, hang seng up more than 2%. and there's this. >> i have prayed every night that he would escape. so i can kill him. cheryl: jamie curtis is back at halloween grabs one of the biggest horror movie openings on record. we have the box office numbers for you, "fbn: a.m." starts right now. lauren: good morning. it's 5:0 5:01 new york.
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it's monday, october 22nd. i'm lauren simonetti. cheryl: i'm shar.cheryl: i'm . we have 14 days until the midterms. lauren: , wow, the clock is ticking. cheryl: you huh. saudi arabia's foreign minister says jamal khashoggi's death was a mistake. in an exclusive interview, and saudi state media reporting called the king and the crown prince -- lauren: we pick up our coverage with the very latest. >> reporter: did washington post columnist jamal khashoggi really die after a quarrel inside the saudi consolate in turkey? many world leaders are doubting the saudi's claim. the kingdom initially said khashoggi shortly left the consolate shortly after arriving on october 22nd. they later learned several officials were trying to cover up a rogue operation gone wrong. >> the individuals who did this to this, outside the authority,
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there was a tremendous mistake made and what compounded the mistake was the attempt to try to cover up. >> reporter: u.s. lawmakers are largely rejecting the entire saudi narrative, particularly the assertion that the saudi government had no role in the incident. >> i feel certain that the crown prince was involved and he directed this. i think he's going to have to be replaced. >> reporter: the foreign minister said the calls to replace him are based on emotion rather than fact. the facts are still being determined. >> i find it surprising that somebody 6,000 miles away can be certain about an event that happened 6,000 miles away with no access to information or intelligence. >> reporter: dick durbin feels the u.s. response should be about more than just the crown prince. >> there needs to be a completion of a third party investigation into the kidnap, murder and god knows what followed that occurred in istanbul. >> reporter: president trump says so far he hasn't seen any evidence the crown prince was directly involved but he's also telling the washington post, quote, objec obviously there's n
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deception and there's been lies. garrett tenney, fox news. lauren: turkey's president spoke with president trump and says he will release details of the khashoggi investigation tomorrow. u.s. treasury secretary p steven mnuchin is traveling to saudi raisawsaudisaudiarabia today. cheryl: russia firing back this morning. the kremlin warning there would be chaos if the u.s. withdraws from the treaty. the u.s. claims russia violated the agreement which forbids the use of intermediate and short range rockets. lauren: senator rand paul says with drawing from the treaty is a bad idea. >> i spent an hour with gor gorbechov a couple weeks ago, i don't want to see a nuclear arms race with russia or any other country. lauren: john bolton is in
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russia. he is expected to meet with russia's president during two days of talks. cheryl: the caravan of migrants making its way to the united states has grown to 7,000. the group is in a southern mexico city after they found ways to cross into mexico from gawlt mguatemala. president trump slammed democrats in a rally over the weekend. >> the democrat party and it's openly inviting millions of illegal americans to break our laws, violate our borders and overwhelm our nation, the democrats want caravans. lauren: the president tweeted yesterday, quote, the caravans are a disgrace to the democratic party, change the immigration laws. mike pompeo issued this statement, saying, quote, the united states will not allow illegal immigrants to enter or remain in the united states. cheryl: well, president trump
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is in texas today to hold a campaign rally for ted cruz. the texas senator is in a closer than expected race against democrat beto o'rourke. cruz and trump will take the stage in houston tonight. former president obama will be in the state of nevada today for a get out the vote rally in las vegas. cheryl.lauren:. lauren: we are 14 days before the election. there's a new national poll showing the chances of a so-called blue wave are far from a slam dunk for democrats. the poll shows 48% of registered voters would prefer have the democrats in control of congress, compared to 41% supporting the gop. that gap has narrowed from the 12 point gap the democrats had in september. the poll shows president trump's approval ratings at the highest yet, 47%. that means 49% disapprove. cheryl: well, meanwhile, president trump says that house
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gop leaders are working on another tax cut. he brought up the proposal while speaking to reporters in no have on sat your -- nevada on saturday. >> we're looking at putting in a major tax cut for middle income people, the first of november, maybe a little before that. cheryl: it's unclear how far the idea will go since congress is not in session until after the elections. lauren: well, cbs' interim richard parsons has resigned. cheryl: we have that story and other headlines this morning. >> just six weeks after taking the job, the interim chairman, richard parsons is stepping down because of health issues. in a statement, he said he has been mighting multiple myeloma and new complications led his doctors to advise him to reduce his workload. a new board member will take over for him. cheryl: that's bad news for
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him. what does fico's new credit scores system take into account? >> this could help some people but credit scores have been based mostly on a payment history but soon a new scoring system will also take into account how you manage your money. by early next year, fair isaac corporation, the creator of the fico credit score, will factor in how consumers manage the cash in their checking, savings and money market accounts. it will be called the ultra fico score and could boost the number of approvals for credit cards, personal loans and other debt by taking into account how a borrower's history of past transactions, how it could indicate how likely they are to repay that back. cheryl: all right. and who took the top spot at the box office over the weekend? >> there was a new winner at the box office this weekend. take a look. >> there's a reason we're supposed to be afraid of this night. >> i've been preparing for this for a long time. it is not safe to be on the
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street tonight. >> go home! get out of here! get inside! michael? >> the hour no horror film, hal, it was the second largest october opening weekend of all time. in second place, a star is born, with $19.3 million. rounding out the top five, venom, followed by goose bumps two, and first man. there's a few options there. cheryl: thank you so much. we'll see you a bit later on. lauren: earnings season kicks into high gear this week. doug flynn is a certified financial planner. he joins us now. doug, good morning. 154 s&p 500 companies report this week. are you expecting a theme to emerge here? >> we've had nine consecutive quarters of increased profits and the third in a row with over
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20% growth. so it wouldn't surprise me, although that should continue this round for that to begin to slow down next year. that's where we're at right now. lauren: what about sales growth slowing? we've seen several companies come out, 35% of the 85 companies that have reported thus far have missed the street's expectations when it comes to their sales. >> that's true. that slowed down a little bit. to look at it the other way, 65% have gone the other way. that is going to slow and that is the first indicator and that's coming from pressures of maybe increased tariff costs and it's slowing down a little bit. the numbers are still very good. lauren: they're talking about rising costs, right, but also a consumer that's being cautious, a dollar that is strong, these are some of the warnings coming from the companies that have reported and their ceos on those conference calls. do you think that bodes well as we get into the holiday quarter and certainly into 2019? >> well, the national retail federation has estimated that
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the growth for christmas time should be up in the high 4s. that's probably down a little bit from the growth last year. but still, these numbers are way above average. the numbers, the averages are always in the high 3s. although we're trending above the norm, it's a little bit of a slowdown beginning and that's why we're anticipating that even if earnings grow 10% next year instead of 20 plus percent growth we've been having, it bodes well for the market. pullbacks are very normal and necessary and this is right within the range of a normal pullback that we usually have a couple times a year. lauren: big tech companies are reporting this week, we have a trio of reports on thursday. what are you expecting to hear from amazon, from alphabet? >> the most important thing i think about earnings, tech earnings in general and the tech sector, one, if you peel out tech stocks out of the s&p 500, you take out the fang stocks, per se, the p.e. ratio drops to like 13, which is very, very
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low. so it's because of those stocks that it looks like things are getting sort of average priced or above priced. also, another thing is interesting, after a period of one, three, five years, year-to-date of growth stocks outperforming value, the last quarter was the first time in a while where value stocks actually outperformed growth. so if you're looking at your portfolio and you're loaded up with tech it might be a good time to look at some value stocks which do better in a little bit more of a slowing down market and interest rate increasing market. lauren: good advice. doug, thank you. cheryl: we've got a lot more to talk about coming up on the show this morning. next, a scene of joy, quickly turning to chaos when a floor collapses at a college party. what is being done to figure out the cause. and rod rosenstein in the hot seat. >> we don't know what the conversation with with the president was. the congress has an oversight responsibility. we will be asking all of those questions and more.
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cheryl: what's in store for rosenstein when he is grilled on capitol hill, that is this week. and kind of a quiet close on friday. this morning, green numbers across the screen, stock index futures are higher, dow is up 48, s&p is up 5 1/4, the nasdaq is up 34 3/4. you're watching "fbn: a.m.." ♪ i still find it so hard. ♪ to say what i need to say. ♪ but i'm quite sure that you'll tell me. you need a partner that is willing to break free from conventional thinking. we are a different kind of financial company. we are athene, and we are driven to do more.
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lauren: welcom well welcome . happy monday. the futures pretty good this morning, the nasdaq is up for the first time in four days, dow futures a quarter of 1%, indict toe for the s&p. 18 people are dead after a train derailment in taiwan. all eight of the carriages went off the rails. authorities are investigating the cause of the derailment. deputy attorney general rod rosenstein will sit down for a closed door interview with house lawmakers wednesday. in an interview, bob good goodle refield what questions rosenstein is likely to face. >> we want to know in particular about the new developments that we've been made aware of about mr. rosenstein meeting with a group of other doj and fbi
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employees and talking about the possibility of wearing a wire when he meets with the president of the united states. lauren: rosenstein has continuously denied that wiretap report. a college party quickly turning into a scene of terror after a floor collapses, sending dozens crashing into the basement. one party goer captured this whole thing on her phone. >> .30 people were taken to the hospital near clemson university in south carolina. luckily, nobody was seriously hurt but some pretty scary stuff at a party over the weekend. cheryl: scared kids in that video. glad there weren't any deaths in that. another thing that happened over the weekend, did you look at the numbers? it keeps going up. the mega millions jackpot now hitting a record dar-breaking $1.6 billion. friday night's drawing had no winners.
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it's the biggest lottery prize in u.s. history. the powerball creeping back $600 million. the combined jackpot is over $2 billion. if you're feeling lucky, the next mega millions drawing is tomorrow night. the next powerball is on wednesday. lauren: we are just 15 days away from the midterms and west virginia's coal industry front and center in the race for senate. >> i want to go after barack obama's coal killing regulation. we went all the way up to the u.s. supreme court and we won. joe manchin cozied up to hillary clinton. they disrespect the hard working men and women of our state. lauren: has the coal industry come back up to help joe morrisey unseat joe manchin. and the new way viacom is fighting off its digital competition, we'll have that story, plus, futures looking pretty green this monday morning, dow up 62 and nasdaq
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cheryl: president trump won every single west virginia county in 2016. but the state still has democratic senator joe manchin in his seat, facing trump-backed republican challenger patrick morrisey. manchin holds a 9 point lead according to the most recent polling. a former ted cruz finance chair, hal lambert and robin byro are
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here this morning. robin, i'm going to start with you and your candidate, and that is joe manchin who had interesting votes on the floor as a senator recently. i want you to look at his most recent campaign ad. you tell me what he's trying to get across here. >> he is just dead wrong and that ain't going to happen. i'm joe manchin and i approved this message because for me, it's all about west virginia. cheryl: robin, it's a health care lawsuit that he's taking aim at morrisey. at the same time, the opioid crisis and the coal jobs crisis are the biggest things that voters in west virginia are going to take to the polls with him. is he effectively getting out a message on those issues, robin? >> i think where he's trying to go, cheryl. i don't know if it's that effective. but the people of west virginia are very hard-working. they're common sense. they're going to see past the political ads and vitriol. they know on the other side the
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republican candidate, who is claiming that these jobs were lost because of barack obama, these jobs were lost because of meemachineization and because wd and solar is less expensive to produce. that's why we've been losing coal jobs. i think they're smart enough to see behind, past all of that, and i think honestly that the kavanaugh vote probably really helped manchin in this case. cheryl: that's something that morrisey could use against joe manchin, the fact that he didn't use much political clout during the kavanaugh hearings and progressives are angry with him on a national and local basis because he voted for kavanaugh, after collins gave her vote. >> that vote really didn't matter -- cheryl: that's to hal. >> go ahead. >> that vote didn't matter at the end. he said he was going to vote how collins wall was going to vote. that means he voted with the
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state of maine. as far as coal goes, he showed where he stood with the citizens of west virginia, when he said he would continue to vote and support hillary clinton even after she said she would put coal out of interest in this country. west virginia supported president trump by 42 points. west virginia supports trump today. joe manchin voted against the tax cuts that are what's driving the economic growth engine right now in the country. he hasn't stood with the citizens of west virginia in any way. cheryl: it's interesting too, robin, on that point, manchin is one of 10 senate democrats that is sitting in solid trump category. trump won every county in the 2016 election. the criticism on morrisey is he isn't connecting with the local voters. manchin is still ahead in the polls at this point. >> he is very ahead. i've taken issue with some of his campaign ads. he really is getting across a good, strong message. he's got a great ground game and
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really solid gotv efforts. a lot of it plays into that. again, i really think that he's getting across the point, he's talking about job retraining, some of these people and he's pointing out some of the disparities, donald trump cutting benefits, for example, for black lung victims, some of these things. these issues speak to those voters in particular. cheryl: hal, i want to give you the last word here. what do you think your candidate can do to maybe pull a surprise in west virginia? >> i think he needs to focus on the fact that joe manchin has not been representing the interests of west virginia. i think he's doing that. joe manchin is trying to make the subject about health care which is an important issue but the republicans have a great plan for health care. so i think that he needs to focus on that and at the end of the day, joe manchin is there with the environmentalist, tom stire out of california. that's where the democratic
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party is. cheryl: manchin supported hillary, even when she went after coal jobs as well. there's so many layers to this. guys, thank you very much. appreciate it. lauren: coming up, the saudi government is offering a new version of what happened to journalist jamal khashoggi but not everyone is buying it. >> it's insulting to anyone who's analyzing this with any kind of intelligent background to think a fist fight led to a dismemberment with a bone saw. lauren: calls for action are certainly growing, how will the new claims impact? uber delivers food on the road, soon they could take to the skies. the dow is up 57 this morning, s&p tacking on 6.5. you're watching "fbn: a.m.." ♪ [singing in spanish].
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the first in a long journey, we are determined to uncover every stone, determined to find out all the facts and punish those who are responsible. cheryl: who is responsible, in an exclusive interview with fox, a saudi foreign minister said the death of a journalist was, quote, a mistake. lauren: the dow had a small gain for the week on friday as we head into the busiest week for third quarter earnings. cheryl: caterpillar, 3m, alphabet, microsoft, among those reporting this web. nasdaweek.lauren: in europe, sn higher too. you can see the best of the bunch is the ftse in london and the dax in frankfurt. cheryl: stocks in china soaring again as the government promises programs to stimulate the chinese economy. the hang seng is up over 12%.
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lauren: elon musk back on twitter. he has good news for your pooch. "fbn: a.m." continues right now. 5:31 in new york on monday, the 22nd of october. thank you for joining us. i'm lauren simonetti. cheryl: good morning, i'm cheryl casone. lauren: let's get to the news this morning. the saudi government is claiming that washington post columnist jamal khashoggi was killed in a fist fight in its consolate in istanbul. the foreign minister is calling khashoggi's death a mistake. >> the individuals who did this did this outside our authority. there was a tremendous mistake made. what compounded the mistake was the attempt to cover up. these things unfortunately happened. we want to make sure that those who are responsible are punished. lauren: let's bring in the vice president for national security
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at the heritage foundation. do you buy it? do you believe them? >> here's where it gets a bit game of thrones. i don't know the truth of what happened. the saudis have to know, whatever story they put on the table is going to be measured by the u.s. government against what the turks put on the table and also what we have from our own u.s. intelligence and here's what's important for the administration. let's say the administration said we're just going to accept the saudi's story, what congress is going to want to hear is not just the evidence and our evaluation of the saudi story that it's credible but they'll want to know what's in u.s. intelligence and if the republicans lose the house and the house is controlled by the democrats, they're going to investigate this very, very closely and they're not going to investigate it saying well -- they're going to look at how we can go after the president here. so the administration has to -- everybody's going to be held accountable here. lauren: the president called what we heard just there from
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the foreign minister a good first step. do you think the story is credible to president trump? >> well, you know, the president said things on both sides of this. he says this sounds right, things is a good first step. he also says i'm not sure i buy the whole explanation. congress isn't going to seriously look at this until they come back in november. then the administration is going to have to have a credible analysis because -- it's going to have to measure up against our intel and a fair assessment of what the saudis say. lauren: maybe we can fill in some gaping holes in the story, like where is the body, for instance. there are ramifications of all this and punishment. what do you think that should be? should it be sanctions? sanctions on particular individuals? or a stopping of weapons sales and arms to saudi arabia as rand paul suggests? listen. >> that's a great question. lauren: go ahead. >> analyze whac analyzing what s administration has done in the fact, in similar situations,
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what this administration tends to do is go after sanctioning specific individuals as opposed to a blanket punishment for the entire country. i would expect that they will go after specific individuals. lauren: including the crown prince? >> this is a good point. we have to assess not just what happened, but that when we know what happened and who is culpable, how the saudi government trades treats that. that's going to play into our response. if they say these 18 people did this and we can prove that and they throw them in prison, we can sanction those 18 people but they're in prison. in terms of what other people in the country are culpable, it's going to get to what can we prove. lauren: the last thing, i want to play a rand paul sound bite and get your response. >> i think we should never sell arms to any country, unless it's in our national security interest. i think the war in yemen actually increases our national risk. it makes us less secure in the middle east. it makes us more likely to be
quote
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involved in another war in yemen. lauren: james, do you think that could reverb diserate and e saudi arabia gets arms from russia and china. >> i think on this point senator paul is wrong. what iran is trying to do in yemen is to create a new hezbollah, a permanent terrorist group, there to terrorize everybody in the region. he may have issues with how the yemen war is fought. the real threat is we could wind up with another hezbollah. that will make the middle east a living hell. that is not in the u.s. interest. lauren: james, thank you. cheryl: we have now got 14 days to go until the midterms. polls show the democrats do have an advantage to take control of the house as of now. one popular addage is wall street likes grid of lock in washington.. would a blue tsunami change the
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game. let's bring in gus sakoo. barclays had an interesting note about a possible blue tsunami saying that would, quote, be a negative for markets if democrats did take control of the house and the senate on november 6th. what do you make of barclays' call of concern for investors about the midterms? >> right now, the economy is very strong and the reason for that is we've had regulations have been pulled back, taxes have been cut. i think wall street would be a little bit upset if there's a massive change in terms of democratic leadership. what would happen in that instance is there might be undoing of the legislation that's gone through that's helped to stimulate the economy. we had 4.2% gdp growth in the prior quarter. we'll probably be 3% growth plus through the remainder of the year and somewhere close to that as we head into 2019. so overall, i think that that would cause some upset in the market can. cheryl: for a tsunami.
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morgan stanley said there would be limited ramifications for investors if it was just the house that went blue which seems a more likely scenario. we've got two weeks to go. markets are politically sensitive, whether it was brexit, whether it was the 2016 election, which of course took many by surprise. that was a good thing for th the markets. the federal budget deficit continues to grow and no matter what happens after november 6th, markets and invoters in particular are still concerned about what we're seeing in the federal debt. >> we've had a lot of debt. we've overspent for a number of years. and there was some pullback but we're growing the economy now and the thought is that you're going to be able to grow out of this over time. we stimulated the economy in a positive way. it's led to increased investment into the economy. you're seeing productivity lift, things of that nature, which should bring additional tax dollars back to the federal government. we have to live within our means, without a doubt. once again, we're still growing better than we had been.
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that adds more tax dollars. cheryl: my grand dad always said, live in your means. >> that's right. cheryl: let's talk about one of the last big reports we're going to get before november 6th. that of course is gdp. we're going to get the first read for third quarter gdp and the estimate, a little lower than what we saw in the third quarter but still the estimate is 3.3% right now, gus. would that be enough do you think to power republicans to actually stay in power? >> yes, i believe it does. we were at 2% prior to the president couling into power. right now we've been above 3 quite handily. i think that will continue. people vote with their pocketbooks. if you look at the consumer, consumer confidence is strong, jobs are strong. and we're seeing the start in terms of wage growth. all those things point to people voting with their pocketbook. it should be good for the incumbents. cheryl: gus, so much to talk about as we get closer to election day. lauren: it's getting so exciting.
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uber already delivers flood on the road but soon they could be taking it to the skies. it's got to be hard to keep it hot. cheryl: tracy is very interested in this story. what's going on? >> it could be a few years until we get our food delivery by drones. according to a job posting on uber's website, the company is looking for an operations executive who can help make delivery drones functional as soon as next year and commercially operational by 2021. the wall street journal saw that posting. after an inquiry, uber removed the listing from its site. they said the program is very early in the formation there. cheryl: you still could get the pizza a little hotter if it was by drone. elon musk has an update on one of his hyper loop tunnels. >> elon musk back o twitter. he tweeted the first tunnel in
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los angeles is almost done and will open on december 10th. meanwhile, musk recently reflied a tweet indicating that tesla could add a dog mode feature for when a driver has to step away from their car while leaving their pet inside, possibly leaving the a.c. on, the music and a little note on the screen that says my owner will be right back. that's something that they're working on as far as the future goes. lauren: bass it' because it'so leave a pet in a car but not a a baby. viacom has a different take on streaming? >> instead of trying to compete or become the next netflix, facebook or apple, viacom wants to feed these services. this weekend, they announced they're rebooting the real world franchise but not for mtv, instead of facebook on watch, viacom also making a deal with netflix for a sequel to its teen comedy movie, to all the boys i loved before.
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cheryl: interesting move by then. >> getting in the game differently. cheryl: thank you, tracy. we've got a lot more coming up. the game is on on "fbn: a.m." this morning. if you're dreaming of owning audi's new electric car, you'll have to wait a bit longer. why audi's vision for an electric future is being delayed. and paula abdul going straight down during her straight up tour. the singer's terrifying tumble. and taking a look at futures this morning, we've got a nice kickoff, big week for earnings, dow is up 46 in the premarket, nasdaq up 34 1/4. you're watching "fbn: a.m.." ♪ here i go again on my own. ♪ going down the only road i've ever known. ♪ like a drifter . bethany: did you know breast cancer kills 113 people
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every day? catherine: that's unacceptable. jacinte: african american women die from breast cancer nearly 41% more than caucasian women. gordon: that's unacceptable. laura: breast cancer is the leading cause of all cancer deaths for hispanic women. jacinte: breast cancer is unacceptable. lesa: together, with susan g. komen we're committed to reducing u.s. breast cancer deaths by half. melissa: and we're going to do it by 2026.
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lesa (vo): failure is unacceptable. cheryl: welcome back. taking a look at futures, big week for earnings, this is going to be the story with all these tech names coming out, dow is up 49 in the premarket, nasdaq up 36. audi's new electric suv is going to be coming out a little later than planned. the company says it's waiting on regulatory clearance for a piece of software. that pushes the release date back by a month. it is set to hit the market next year. elizabeth warren saying she released the results of a dna test that proved her disputed native american heritage in an effort to, quote, rebuild trust in government n a debate with
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jeff diehl, warren said people's trust in government is at an all-time low. finally, paula abdul giving her fans a shock over the weekend. she fell off stage during a show in mississippi. the singer dances forward, she's trying to greet the audience, she appears to slip, fall off the front. witnesses say she got back up a few seconds later and kept going. good for you, paula abdul. we're glad you're okay. lauren: texas is gearing up for more rain after getting hit with historic, deadly floods. in fact, some areas receiving up to three months' worth of rain in a week. cheryl: janice dean has been tracking that. she is here with the latest. >> now we've got hurricane willa, a category 4, almost a 5, that's going to move into mexico and some of that moisture is going to make its way up towards texas and the southwest. here's the track of willa. making landfall we think on
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tuesday across the coast of mexico, west coast of mexico and all of this moisture will stream up towards texas, areas that don't need to see anymore rain, also getting some potential flooding for parts of the southwest, the desert southwest. look at west texas and parts of south texas could get more rainfall. the moisture streams across texas, the southeast, the hahn n handle of florida will get this and then it develops towards a potential nor'easter for the northeast on sunday. so there you have it. cheryl: you just said nor'easter? >> i did say nor'easter. cheryl: what day is today? october? >> it's possible. it might be hard getting to work one week from today. cheryl: janice, thank you very much. >> i'll keep you posted. cheryl: you always say it with a smile which we appreciate. lauren: sunday night football, a lopsided victory as the cincinnati bengals faced off
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lauren: as the world series approaches, the nfl nears the midway point of its regular season. sunday night football was a blowout. cheryl: jared max has all the highlights. jared: fun time in sports. just about seven weeks in the books already and the really good teams starting to emerge. we already new the kansas city chiefs were one of them. kansas city improved their record to 6-1 last night as patrick mahomes threw for four
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touchdown passes, the chiefs win 45-10. they're an afc best 6-1. another overtime game. this is the fourth in seven weeks for the browns. they lose on a 59-yard field goal to the buccaneers, 26-23. eric reid got scrappy with the eagles' malcolm jenkins before yesterday's coin toss. jenkins co-formed the players coalition last year. that was to work with the nfl on social justice issues. reed wanted no part of it. he said we're not accepting donations from the league. listen to what reed said of jenkins, who no longer kneels for the anthem, after the game. >> i believe malcolm capitalized on the situation, he co-opted the movement started by collin to get his organization. it's cowardly. he sold us off.
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jared: he calls him a sellout. in basketball, on the court, did you see this saturday night, lakers and rockets. the nba gives out suspensions for players on both teams. chris paul got two games and brandon ingram is suspended for this one four games. major league baseball, the fall classic, world series gets underway tomorrow at fenway park. game one will be on fox, chris sale will start for the red sox and likely clayton kershaw who is getting work in the fenway park bullpen. anybody want a free doritos locoos taco bell? it's that time of year again. major league baseball teams up with taco bell. as soon as somebody steals a base there's a free taco waiting for every american, november 1st for four hours. lauren: every american? jared: every american gets at
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least one. cheryl: that has a taco bell near them. jared, thank you. you can catch his sports reports, 24/7 on sirius channel 115. lauren: stocks in china staged their biggest rally in three years. what is driving the buying? cheryl: not the trade war. lauren: and it is spilling into the u.s. we'll be right back. ♪ you need a partner that is driven to provide you with better solutions for these challenging times, one that is willing to disrupt the industry, and break free from conventional thinking. (thudding) we are a different kind of financial company. we are athene, and we are driven to do more.
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lauren: the shanghai composite soaring almost 5% today, spending a 3% rally that we had on friday after the chinese government promised programs to boost the chinese economy. we asked is the government manipulating the chinese markets now and why, if they are. chris beacham joins us now. what do you think? >> i think manipulating is a bit harsh of a term. it's the kind of comment from chinese authorities that investors like to see. you've seen big thaws the chinese equities, because of the trade wars. does this change the fundamental story or is there enough margin of safety built in here? maybe this will be a big opportunity for people to get in after big losses. cheryl: see if the markets can come back. earnings season in high gear. we've got microsoft, amazon,
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alphabet, all of these companies have at one point or another ran afoul of european regulators. what do you make of tech right now? >> that's the question, are they facing a tougher environment. amazon, microsoft, driving their revenue there, we had a bit of a bounce from netflix, wasn't enough to change the sentiment about markets, but maybe something big from these two would shift the dow and give investors the push to move into equities. cheryl: we've got futures higher right now. the dow, s&p and nasdaq higher on friday. we eeked out a higher close. nasdaq is up 28.5, a lot to watch as far as economic reports. lauren: setting the tone today seems to be that as we just talked about with chris the big jump in the shanghai composite in china, those gains did bleed
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into the european markets can and we're seeing some relief right now for our futures markets. there's europe, up half a percent for london. cheryl: looks like the fears about any complications with brexit are easing a bit. the italian economy, they have -- i don't want to say they have a debt crisis but they've got debt problems when it comes to italy. asia the biggest story, the stimulus that the chinese are coming out with, this plan is a little interesting and a little worry s&p. iworrisome. if you've got a trade war coming up, promising more stimulus with the chinese economy, if they don't cut a deal with the u.s. they won't be able to deliver on that. that's a big issue. lauren: it seems the trade war we've had so far is stinging beijing more than it is with washington. with that, we are going to say good monday morning to maria bartiromo. maria: good morning. it is monday, october 272n 22nd.
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markets this morning are higher. here are the top stories. fighting for gains, futures indicate the markets will open fractionally better on the session, dow industrials up 25, nasdaq up 31 right now, half a percent higher. this after a mixed story on friday. the market snapped a two day losing streak, posting a slight gain on the session with the dow industrials up 65 points, the s&p 500 and nasdaq weaker on friday at the close. in europe this morning, markets are edging higher, take a look, fq100 up a half percent, the cac in paris is up a quarter of a percent, and the dax index in germany up 40 points. in asia, gains across the board as the close. the shanghai composite the best performer, up better than 4% on the session. stocks in china soaring. the government revealing tax changes to help support the slowing economy and with that a multi-move across the board, the averages, best in four years. investors braci
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