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tv   FBN AM  FOX Business  October 25, 2018 5:00am-6:00am EDT

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make its way north again, headed for the u.s. border. candace owens and brandon judd among our guests tomorrow. forever and sometimes they die. first it was tech and it was was brought into the banks in the financials. that is one of too many -- major stories this morning. perhaps the end of the nine-year bull run. president trump calling for unity. markets have a lot to watch today. we are posed to have a rebound after yesterday's big selloff that we saw especially at the end of the session.
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it's up 82 and half. look at this. it sunk over 600 points yesterday. the nasdaq tumbling 329 points it is in correction territory. heading lower but looks like the dax in germany has slightly rebounded during the beginning of the trading session. it was down about 4%. check out the shanghai deposit. it did eke out a very small gain. that stock is soaring overnight. trade to start right now. -- fbn:am starts right now.
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it is thursday, october 25. a rough day yesterday and we've a rough day ahead. our stocks start to bounce. both of them join us now. gentlemen, good to see. does it get uglier. and i think it really does get that much uglier. when we start to hear earnings. and actually getting better news from tesla. it's not all that it's going to be adversely affected. and we probably done more damage that we need too. we need to get out of the
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timeframe. can you make the argument about that. profits being potentially is squeezed. they had investors looking at this. we've have about analysts expectations have been expecting the year-over-year earnings growth. it's just not 20%. i'm assuming you're going to say this is a panic attack. what sparks the relief rally
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in your view. i think they'll actually be back in place. we will have the year and selling pressure. maybe 20 to 25% guided lower because of trade and tariffs. even historically low. like three multiple terms lower. in my mind i think it's a function of time. if we were ever to get some kind of answer on where we seen with china if there is an exit ramp. that would be a significant positive. then all of the things were
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factoring in. we could actually move in -- move on with the economy that is doing quite fine. the lockstep move. there is definitely fear that the chinese economy is buckling. it was for 6.6 gdp growth. might have to do quantitative easing. that is a big risk.
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global growth is going to be partly contained. and contingent on where china and the economy is headed. they have almost a 300 debt to gdp that has been ramped with the number one watchlist. there were said to prominent democrats. as well as television network cnn. investigators now reportedly trying to track down a suspicious package addressed to former vice president joe biden.
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one of those packages was addressed to former president obama who lives just down the street. they look for clues about who could be sending these. and never made it to this intended location. a package with an apparent explosive device was intercepted before could make it to the obama household. eric holder who was former president obama's attorney general. i think it's very important for an individual who is in the oval office today to say exactly that. that we need to come together as a country. we need to unite. they were prompting at the the network to evacuate their new york office.
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those engaged in the political arena must stop treating political opponents as being morally defective. police also looking into suspicious packages with the packages sent to maxine waters. this is related to another liberal donor who lives in new york. they fear more malicious packages could still be out there. >> we wouldn't be surprised if additional advices -- devices are sent. the return address of the debbie wasserman schultz. and now for the situation with the 70s.
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they traveled to turkey to investigate the murder that took place in a sample. they are calling the killing a canis crime heinous crime that can be justified. they made the adjustments at the future investment. back here at home tesla finally turning things around. elon musk smashing estimates in the company's third quarter. mcginn's this morning. good morning to you hillary. is ramping up the model three production. they may be helping the bottom line. they just posted a quarterly profit for the third time ever in the company history.
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that is reversing in over $600 million loss from last year. they are actually doing better than expected. what's the latest on ford. ford saw its net income of all about 37 percent in the third quarter but they did see sales in the u.s. that puts revenue up to 3%. they did drag on the company profits last quarter. we also have some other big names that are going to be reached porting today. its earnings per loser. all eyes on big tech today. as a company battles increased scrutiny from congress over their handling of
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misinformation. amazon's report will include the prime date risk thoughts. and the google parent company alphabet will also report today after the closing bell. today's report comes down to clicks. thank you very much. appreciate it. and speaking of amazon. larry ellison wayne and on his company's rivalry with amazon. amazon runs their entire business on top of oracle. on top of the oracle database. they been unable to migrate.
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you can watch the entire interview. the powerball drawing came and went with no winners. that pushes it up to $750 million. the fourth largest in powerball history. the next drawing if you're feeling like he is saturday. let's take a look at how our luck is get a fair on the market. we are up 154 in the premarket. coming up, the migrant caravan is inching closer to the united states.
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let's get you caught up on what's happening now. take a look at your investments this morning. it sent the broader market negative for the year. the nasdaq futures and gaining the best of the bunch here. two people are dead after men opened fire at a kroger supermarket in near louisville kentucky. another in the parking lot. the could be ray sibley --dash mike racially motivated. the chinese and russian spies are listening in on president trump's personal phone calls according to officials. pfizer gating access by that private iphone which has not been secured against hackers
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and despite repeated warnings present trump has refused to give up his personal phone. and then this disney world the happiest place on earth. they claim popular sites. their hotspots for scattering remains. they have to close down rights to clean up. and they tell the guests that their ride is experiencing technical difficulties. if you love disney you just want to stay at disney. we are not staying in the negative route that we closed it yesterday. it's up to 169 in the premarket.
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also had. they do have any distribution network. they can't make any money. but has tesla finally turned the corner on the profit margin. as is proof that it is listening to patients or listening to their competitors. you're watching fbn:am.
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investors are looking forward
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to wrapping up october. we are seeing a relief rally today. they're tacking on 86. let's take a look at tesla. they appear to have the smooth road. easily beating expectations. taking a look at the stock of the premarket. up almost ten and a in half percent. musk estate call calm on the conference call. and all of that is certainly reason for tesla investors to celebrate. thank you for the early wake up again. this is your specialty tim, what did you make of the conference call and the fact that they really did have a very strong quarter. can we expect more of the same from tesla. he didn't just deliver on this promise of delivering a profit.
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delivering it is a huge record profit. now he said he can do it again during the fourth quarter. he has acknowledged that the criticism that he can't make money is valid. can the company in the production line keep up with that canapés. they had struggled for the past year to crank up production. they're trying to keep it around the 5,000 per week.
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the biggest challenges now are getting those cars into customers hands. they're trying to reduce the amount of time that it takes. speaking of cash they head about $3 billion now. cash on hand. that's more than what they head in the last quarter. does this kind of back up the argument that he didn't need more funding for the company. it deftly gives it more credibility. he has about billion dollars between now and march that yet needs to repay. even though he will repay several hundred million dollars back. the cash is essentially get a b-flat at the end of that. and then he is a big he says these new cars are going to help things. the tariffs or can are can i take a hit in the fourth quarter. tim higgins.
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we always appreciate you getting up early with us. let's take another look at futures this morning. we are seeing a balanced act after a major selloff. the most here at the one and a third%. they have have them on a nationwide manhunt. the full weight of our government is being deployed to conduct this investigation and bring those who are responsible for these despicable acts to justice. how close are we to finding those responsible. and what are they tell us about the suspect. you won't believe what happens next. you are watching fbn:am.
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there are a lot of unknowns out there. not the least of which is the midterm elections. for a moment we are we're just gonna stand on the sidelines. the markets sinking around the globe. we are covering two major stories for you this morning. the global stock selloff in the urgent search for a would-be political bomber who targeted democrats and cnn is present trump calls for unity. they had been moving sharply higher after yesterday's selloff. they are sinking over 600 points yesterday. the s&p lost nearly 85 percent. the nasdaq by the way in correction territory. it is eking out a gain not much but it is up.
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stocks in asia mostly in the red. we are going to tell you why. fbn:am continues right now. it's 5:30 in new york. as is thursday, the 20th of october. good morning i'm cheryl casone. stocks taking a big hit this week. the economy on a tear. is there really this disconnect happening between wall street and the economy. let's go in for some analysis. markets in the economy guys, good morning. to you first on the market side of this. as the market over reacting to
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the different things that are to be climbing the wall of worry on. fourth corning -- fourth-quarter earnings guidance. i think you're hitting the nail exactly on the head. at certain points in the market gets ahead of the economy. and at certain points is the other way around. when interest rates move significantly and things are changed. the play plate under the market shifts. and you get elevated levels of volatility. they don't sell stocks. i think we are clearly oversold.
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the markets have now come back up. let's talk about the economy kick. that is gonna be a tax on the computer -- on the consumer. and businesses to do business. is that a real threat to the economy in your opinion. they are always a threat to the economy. the two year treasury is up over 200 basis points. it starts to have an impact on economic activity. reducing the size of their balance sheet. it tends to be 12 to 24 months out. i think were starting to see this tighter fed policy.
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as we are getting all of these earnings out this week. it's a fourth-quarter guidance. especially from some of the industrials that had sparked a little bit of fear out there. we can have him as an michael, these have really got beat up. now in the correction territory. when you look at the ownership and what's was pushing the stock around. what they do is they buy in the strength and sell into weakness. they have any movement move that's in any given direction. some of these. the have sold off its way over done. i would also say some of the high flyers may have been way overdone. a lot of moves in both directions.
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if you're a day trader, god bless you. real quick. let's talk about the issue. again. do you think anything changes with the fed for this week. >> the economy is simply too strong right now. business confidence the highest since 1983. when i was growing a present by the way. the inflation is at target right at 2%. i don't and i think this changes anything. were seen again over the last -- the couple weeks. we will see another rate hike in december. big discussion today. a big market day. thank you so much for being here. we appreciate it. what does larry ellison think about the economy.
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i think the economy is doing great. i was bill clinton's second largest second largest contributor when he ran for office. i'm neither a democrat nor republican. i tend to be in the middle. the country has become very polarized. you can watch the entire interview on mornings with maria. an intense investigation is underway. as well as cnn. investigators also reportedly trying to track down as suspicious package. the director of the global elite. what is the very latest on the situation. the fbi and the secret service.
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in the jurisdictions in which these devices are delivered are in the process of identifying the commonality and all of these devices. and who deliver them. any forensics that you will be looking for. any forensics that you're looking at. without giving too much information. the fbi and secret service in particular. our highly involved in being able to identify that. i'm confident that this point that they have gathered information which they have not disseminated to the media because they don't want to harm the integrity of their investigation. they already have a lot more information than the individual who sent these or individuals. because of the scope of this problem. >> what you know in your
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experience you provided security for 22 years. we're just looking we were just looking at the package. it was sent to cnn. what do you make of the way that cnn handled the situation and without any advice that you would give out there. they have all instituted the process of screening the mail. this is unfortunate -- unfortunately not the first time it has happened. without giving too much information i was involved with a letter bob -- letter bomb that was delivered without saying much him. they implemented a lot of means to scream -- to screen these packages. from what we can tell from these packages it seems like this was or the people were amateurs. do you think they intended to the devices to go off or just provoke fear.
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they were designed to go off. one question that was posed to me recently. was where do they get the backgrounds to develop these. also the military. a grooms a lot of individuals with the production of devices there is a lot of places where you can acquire knowledge and create these devices. the level of sophistication. we are unaware of at this point. they are leading the investigation they have not disseminated the information. and of course as the new york governor told us there could be more devices. everybody is on alert. microsoft shares are sharply higher in the premarket. they posted a glowing earnings report.
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making news. hi hillary. >> good morning again. the cloud fusion business is paying off in a big way for them. the high bread computing company. it also prompted a bump in sales for microsoft may 28 percent. in the first fiscal quarter it is a is a key strategy for microsoft to go head-to-head with the cloud giant amazon. those shares are falling. what exactly happened there. this happened after they released disappointing revenue reports of falling short of what investigators think. we can graphic sales are to blame for the revenue let down. it rose just $1.65 billion short of what wall street was expecting. >> i think our viewers are going to love this one.
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i very popular cholesterol drug is getting a big price cut. it is cutting the cost of repair the. it was really pricey. and cost $14,000 per year but they're chopping in that topping that price down by 60%. the maker hopes the big price cut will expand to the patient base. it is an injectable medication that reduces complication. it caused by high cholesterol. the price will drop from $14,000 per year to about $5,850 per year. hillary vann, think of her thank you for waking up with us. before we get a break we do want to take a look. at futures. they lasted more lost more than 600 points yesterday. we are up to 25 in the premarket. that is a reversal. europe is getting better as well.
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also coming up, game two is in the books. as they defended their home field. they send their la dodgers at home. highlights from the world series are coming up. new york state calling out exxon mobil. the case against x -- the oil giant. you wanted to and with mornings with maria today. with the exclusive interview. all of that starts at 6:00 a.m. eastern time. ♪ liberty. liberty. liberty. liberty ♪
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welcome back let's get you caught up on what's happening appeared a big turnaround were expecting now for your markets. it's up to 29 and that premarket. as they continued to roll in north. towards the u.s. they had been ramping up talks. they suggest holding them at the border that has thrown out the possibility of immediate deportation. that climate change regulations have on its business. the former chief executive.
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new about the cover-up for years. and what he do it when you see a spider in your home. one california man have a unique answer to this. you take a blowtorch to it. he was housesitting for his parents. and he set the whole place on fire. luckily he got out safely. the la dodgers unable to hold a lead last night. sending them home facing the two game deficit. they fly one into right. the red sox are on top. two runs scored. gives of the boston red sox a four-to win in game two. the boston market in california hoping for a dodgers come back.
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the los angeles market for their team. with the los angeles banner for the big game. before we get a break. once again we are seen a reversal of fortune this morning. yesterday s&p up 27 and three quarters. we are heading to london across the pond in a moment. president trump is calling for unity. they are in attack on our democracy itself. can the two parties come together. you're watching fbn:am.
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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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president trump back at the white house after campaign rally back in wisconsin. hours after the intercepted bombs to cnn. they are denouncing in the political threat of violence and in the political rally. any actual threats of political violence are in attack on our democracy itself. it must be fiercely opposed and firmly prosecuted. we want them to come together in peace and harmony. we can do it. but amid the calls for unity there is still plenty of
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finger-pointing. gentlemen, good morning. i want to start with you. you already heard from john brennan and nancy pelosi and chuck schumer. they're pointing their fingers at republicans here. all of the people that have were attacked had spoken out. there is a strong pattern right here. since the rise in politics and since they first came down the escalator has just been attacking people not just on his internet and twitter account but also these valleys where he just really wraps people up i will pay for your legal costs if you hit the protester. there is a lot of record of that. can you make the argument.
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i think it is irresponsible to point the finger. particularly when we don't know the facts and we don't know who did this. because hillary clinton called donald trump a nazi she's responsible for the shooting. when everybody knows that president trump from day one singles people out attacks them viciously and continues to stand and 18 to 20,000 people and leads that chance. let's be real. let's not try to create moral equivalency equivalencies when one doesn't exist. they can't to be civil in times like this. there is plenty of -- blame to go around here.
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the clinton saying we can't to be civil. not to mention the media who can go a week without calling him a nazi or promoting a jim crow agenda. we do need to tamp down the rhetoric. it makes no sense. everybody can take a look at the twitter account and no that he goes after people day after day night after night. and when he gets in a rally. there is a big difference between a criticism and a call to violence. he is not screaming fire and it crowded movie theater.
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they were still looking for the suspect. this should be a time we come together and change the discourse. we thank you very much for your perspective. coming up. fax in asia and the year. they are turning around. we will will be right back. with ai that sees threats coming. the ibm cloud. the cloud for smarter business.
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where's tommy? (sfx: stage doors opening) i thought he was with you? no jack! (sfx: piano plays "twinkle twinkle little star" tommy? (sfx: audience laughing) go get him! . . (sfx: pianist playing masterful duet) here we go here's the fun part did you do this?
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great job! (sfx: audience applause)
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cheryl: european stocks trading higher following yesterday's selloff on wall street. let's bring in scott shellady, tgm europe. u.s. futures are looking strong, what do you make of what you're seeing? >> i will put it in a nutshell, all-time highs today 20th of october, there wasn't anything really that substantially changed news wise. we have seen investor sentiment change. a little bit of worries about forward guidance, that was expected as well. when you start to see the market tailoff and you can't find any big reason for it, the
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technicians run in the closet, hide, take out of flashlight and look at charts, every ship at the bottom of the ocean had a chart, be careful. they are going the look at charts and say s&p. and that was the biggest thing creeping on wall street, are we shooting for 10% level. not 10% on market from the all-time highs is going to be support, maybe 15% the next level the guys want to shoot from the closet. at the end of the day that puts us back to september of last year. calm yourselves down. the market is getting more respect. we are normalizing but you can't normalize the market but you have volatility too. lauren: scott shellady, take that, dagen mcdowell, everything he said and more, right? dagen: right on, ladies, good morning, everybody, i'm dagen
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mcdowell in for maria bartiromo, it's thursday october 25th, your top stories at 6:00 a.m. eastern. markets eyeing a rebounded, futures pointing to gains at the open, 224 point gain on the blue chip, so far this morning after sharp selloff on wall street yesterday, the dow and s&p 500 in the red for the year, the nasdaq in correction territory. down more than 10% from recent high. rough day in the markets and checking global market action in asia overnight, markets mostly lower there, nikkei in japan hitting lowest levels in 6 months and the kospi in south korea now in bear market territory, down 20% from recent high. let's look at europe right now, we do have gains across the board in europe, england, france and germany to the plus side, so not following through on the selloff we saw in asia.
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earnings setting the tone on wall street among companies reporting just this morning twitter and merck bus big tech tonight, amazon and alphabet. one of the busiest of earning season. 80 of companies in s&p will report earnings today. elon musk quieting critics, tesla with record quarterly profit, that's right, tesla profit. the stock soaring, up double digits in premarket trading. search forking a sender, man hurndway for the person who sent explosive devices to prominent democrats and cnn, plus authorities trying to track package sent to former vice president joe biden. a look at the economy in america from one of the biggest names in technology, oracle

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