tv FBN AM FOX Business November 19, 2018 5:00am-6:00am EST
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harmeet dhillon and diamond and silk among our guests monday. i was not victory use in this race but i still wish to strongly reare affirm the cause for which we fought. the fight is over and it is official democrat bill nelson finally conceding the republican rick scott after a rocky recount of the sunshine state. but nelson scnt only one heading for the exit. >> attorney silicon valley ceo tim cook weighs in on regulating the tech world. taking a look at futures on your monday, of course, thanksgiving this week but dow is down 20 on this monday s&p down two and quarter with and nasdaq up six and quarter.
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stocks are trading in europe across the board and up a third of one percent. >> taking a look at asia right now as you can see asia a mixed bag. singapore strict time dun and nikkei are in the green. >> elon musk takes it a page out of python playbook. [laughter] >> never thought i would say that. your mother was a hamster and your father smelled of elderberries. >> okay. the job requirements you want to score a new gig at the boring company. fbn:am starts right now. >> 5:01 a.m. in new york monday november 19th good morning i'm cheryl casone 2378 >> oh happy monday welcome back. good morning everybody i'm lauren simonetti. >> so much let me get my resumé
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together for the boring company maybe not it look brutal. things are brutal in florida they have been as far as that e recount goes and breaking news this morning, florida embattled broward county election official brenda snipes has reportedly resigned. following heavy krit are schism over her handling of votes in the mid-materials. and this comes, of course, as bill nelson conceded in sphat race after a hand recount. >> i was not victorious in this race but i still wish to strongly reaffirm the cause for which we fought we may have been e heavily outspent in this but we were never outworked to all floridians whether you voted for me or for my opponent or that you didn't vote at all. i ask you to never forgot this fight. issue oring statement saying i just spoke with senator bill nelson who graciously conceded and i thanked him for years of public service that gives
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florida two republican senators for the first time in over a century. meanwhile democrat andrew gillum conceded in florida governor's race are to republican ron desantis a live report from florida on all of this in just a couple of minutes. >> happening there and more breaking news this morning, for you japanese media is reporting right now that nissan motor chairman carlos scone could be arrested for alleged financial violations in japan he's questioned by prosecutors on suspicion that he falsified his financial reports. he's chairman and chief executive of france's and led a dramatic turnaround and rescuing company from near bankruptcy breaking news overnight. >> apple ceo tim cook with an interview and he says while tech companies don't make products that are inherently good or bad those products can be used for evil. he issued this morning on potential regulation. >> generally is speaking, i am
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not a big fan of regulation i'm a big blear in the free market but we have to admit when free market is not working and it hasn't worked here. and i think it is inevitable there will be some level of regulation. >> cooke has been a supporter of self-regulation particularly when had it comes to data protection we're taking a look at shares of apple they are world most valuable company. they're relatively flat this morning premarket trading but near bare market territory. >> well, facebook ceo mark zuckerberg adopting more aggressive management style. wall street journal reporting that change is coming as facebook goes on a war footing following da it privacy scandals and criticism from investors users even lawmakers. the journal adding that zuckerberg also has -- right now has tensions with facebook coo cheryl sangdburg blaming her for fallout stemming from cambridge analytica scandal making sangdburg wonder if her
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job is maybe or was in jeopardy according to the journal facebook's controversy this year have cost zuckerberg more than 17 billion dollars as shares of facebook are are had a rough year and as you can see it is down in premarket. >> trade is overhang for all of this, the apec summit ending with no joint statement for the first time world leaders including vice president mike pence meeting failing to issue a communique in tensions between the u.s. and china on trade. security and investment two officials from the host country face chinese officials looking to meet with new guinea foreign minister force their way into his office on saturday. then had to be escorted by police. china says the incident never happened. >> well, become here at home congresswoman maxine waters is set to take over as chair of the house financial services committee. she's got a it pretty clear agenda by the way waters pledging to reign in trump administration efforts to rollback bank reforms.
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>> make no mistake come january and days of in committee we can end regulation and putting our economy once again at risk of another financial crisis will come to an end. now reporting that waters wants to target global banks especially deutsche bank when she takes over previously accused of being, quote, one of the biggest money landering bank in the world we're going to have more on this later on in the the show. >> well for more on what's ahead for apple facebook and other big tech stocks we bring in dory wiley commerce strait capital president. good morning how are you today? >> good how are you today? >> good. are investors prop orally positioning themselves for changing that could be coming to tech? >> i think people are definitely in a risk off phase right now there's been eighty of selloff a lot of uncertainty, and i think they're just trying find their y
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against political climate where we're going with trade brexit, et cetera, so i'm not sure they're really positioned right they're just nervous right now. i actually think it is coif a good buying opportunity. >> so what's in your leadership in the market then as apple is no longer that leader or, in fact, those shares which basically up, you know, they were strong for most of october when all of the bank stocks were selling off now apple is too. what's the newed leader or for the market? >> i think it is really it makes whole market nervous. you know where as apple goes as fang goes whole market goes, so -- a l had great earning season but then again, the lack of disclosure about iphone sales and maybe some of the -- performance of the suppliers -- >> what's the new leader for the market and new leadership where is that coming from? >> i think that's what market is looking for because as market looks to see apple office these oils off 25% -- it's not sure. i think that markets having a hard time digesting all of the
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information. >> what does regulation look like for tech companies? >> regulation look like for tech company it i think that reinmaso be seen you know with democrats now in charge of the house. i don't think you'll see a lot of regulation coming out because we'll have you know gridlock. >> good point you know to pivot to facebook because this stock is certainly under pressure this year. they have spent a lot of money. a lot of money on security at one point are investors okay with that because that cuts into that are margins. >> i think facebook figures this out at some point. they seem to have gotten bad news, bad news, bad news all year, and it has been tough on them but fundamentally company makes ton of money with a huge margin probably largest of all of the fang stocks. so i think you pick your stocks in here, and -- and make a bet that they eventually figure it out. i don't think they're going to wreck facebook. >> all right. dory thank you very much for
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joining us. >> you bet. >> well some big news here in new york city. mayor bill de blasio is being accused of giving amazon special treatment. >> tracee carrasco joins us with more on that and other headlines making news this monday. good morning, tracee. >> new york city mayor bill glash owe has wanted to keep wal-mart out of new york city for years despite its reputation for similar business tactics he's rolling out the red carpet for amazon when asked about it during a recent radio interview he said, quote, wal-mart is an entirely different universe in terms of the efforts they've undertaken to not only undermine business and environment and he ed family conservative contributions, that being a reason as well. >> a lot of controversy here in new york about amazon wow, well who had top stop at the box office over the weekend. this winner hoping its connection to the the harry potter franchise, would prove to do them well.
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>> asked me to help -- >> i can't move -- it has to be you. this sequel fantastic beef, crime of while brought in 62 million followed by last week winner the grinch with just over 38 million. rounding out top five bohemian "rhapsody" new release instant family and window. >> okay. elon musk is out with another crazy idea. yes, it looks like elon musk is hiring and if you are a montee python fan this could be perfect job for you. musk tweeted out, quote, the boring company is building watchtower in l.a. out of brings anden we need a night to yell insults at people in a french accent. musk lengthed job posting for a watchtower guard which would be at the company's first
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underground tunnel near l.a. currently building -- i don't know if he's gotten any applicants yet. [laughter] serious story -- he needs to make a tweet that thing a reality first. i think that higher but tracee thank you very much. >> let's take a look at futures this morning this monday morning and we have a mixed bag dow is down 31 points it was a brutal week last week it look like that's continuing nasdaq, however, up 4.5 points this morning still ahead wildfires in california, continues to wreck havoc on one of the fires is movinged distance of a football field in one second. but there could be relief on the way. >> with that changing weather we should expect to see containment numbers rise and number of firefighters decreased. >> have the latest on relief efforts in california, and on a much lighter note for you, taco bell is trading turkeys for tacos this thanksgiving.
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foreign policy but it is unclear whether he'll talk about khashoggi. it was on fox news sunday where president trump explained why he will listen to tape recording of khashoggi's murder. >> it is a suffering tape. it is a terrible tape. i've been fully briefed on it. there's no reason for me to hear it like i said to peel should i they said you shouldn't. there's no reason. i know exactly i know everything that went on -- >> meanwhile cia has concluded that the king son saudi crowned prince ordered khashoggi killing, crown prince has continuously denied his involvement. well former new york city mayor michael bloomberg is giving a whopping 1.8 billion dollars to his alma mater biggest donation ever gifted to his school. the money will make hopkins a blind scoot means for commission regardless of their ability to pay. and a new experimental drug could soon provide relief for children with life-threatening
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peanut allergies drug trial exposed allergic children to peanuts that gradually increased over months but two-thirds of those children able to digest small mouth of peanuts without a reaction and drug filed for fda approval. that's what's happening right now. >> switching gears to what's whatting in california that devastating wildfire -- there, and the search for remains of victims. underway, is about one thousand names remain on list of people unabout thed for. so far the camp fire has killed nearly 80 people. >> and president trump visited the area to survey the damage over the weekend with and anita vogel is in malibu, california and filed this report. led to some neighbors reopening in ventura county up north thousands of homes have been void area like paradise will
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essentially have to rebuild the entire town. >> i think we'll come back bigger and better. that right now they've got paradise strong ridge strong that's what we are. but when one community is down, others step up. this san francisco area car dealership is donating a huge trailer full of supplies. >> breaks my heart. so many people lost their home, their lives. everything has been uprooted. >> more essential on the way from people out of state who say they have plenty to spare. >> blankets we have got children clothes. more pets here more luggage here with thanksgiving just days away, the fires are likely impacting residents holiday plan. leading some people in ventura county to prepare a thanksgiving meal for evacuees. >> it is one second it takes away an ounce of their pain it take them into a place that bring them a then we've done a job. more expected from washington and cord disaster areas this weekend promising more federal
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assistance for fire victims in malibu california, anita vogel fox news. >> but could bring some assistance for firefighters they're fighting that fire there. senior meteorologist janice dean live in fox weather center with the latest are we going it see some rain janice out there? >> absolutely they're get intg a pattern where we're going to see potential for heavy rain, the downside of that -- is the potential for flooding especially across the burn areases with water cannot soak in so we've got several systems on move across the west coast, we'll start to feel that rain move into northern california, central california, tuesday into wednesday and then another system behind that so yes good news for the short-term. and then the the possibility for flooding, of course, we will keep you posted than. the forecast today not too bad. we have showers snow showers across the great lakes. the northern plains, the interior northeast, the good news is we're into a fairly quiet weather pattern for much of the week i know a lot of people are going to be traveling
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so the central u.s. is beginning to be very nice and we could see scattered showers across gulf coast e snow and interior northeast is going to be cold here in new york for the macy's thanksgiving day parade. and windy conditions so we'll certainly watch for that. there's a certain criteria when it comes to balloons ladies and we could get close to that. so we'll keep you posted. fnght all right back to you. >> janice, thank you very much. >> well coming up the brexit chaos continues as theresa may is beginning to try to gain support for her exit plan today. ♪ >> those negotiations are tossed but they're go tong get even more difficult like towards the end. but what i think is this isn't about me. it is actually about what is right with this country. >> but some people do think it is about her. how theresa may is stacking up against a no confidence vote this morning. and canada goose has interesting new way to convince customers to shell out big bucks.
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british prime minister theresa may gang of five cabinet members by -- saying she will not reare negotiate brexit agreement. >> up clear people voted for us to leave we will leave and we'll leave on 29th of march 2019. >> and there he is partner of a cornell capital joins us now. good morning. do you think parliament will ever approve this deal if the get that pa? >> looking increasingly difficult and it was chaos and more and more that way as every inch of this moves forward even
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if theresa are has a new brexit in coming days we have two votes that proposal needs to get through. the european union needs to improve the draft deal and by the time you get to march 29th next year supposed to be done we have extension process looking very tough. >> the newspaper is reporting that 42 conservative party members have given assurances that wrote letters of no confidence in theresa may they need 48. to trigger a no confidence vote do you think question get there? >> entirely possible resignation we saw last week and against the proposal we saw over weekend that means it has very, very close. >> this is a crucial day for theresa may future this is what she had to say about that. take a listen. >> chank of leadership at this point isn't going it make negotiations any easier. and it is not going to charge the parliamentary arithmetic but it will bring in a degree of uncertainty that for people and
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their jobs. the change is a distraction. complete distraction and very difficult to the market so this kind of uncertainty is impossible for businesses to be able to plan for growth to plan or for invest. so not distraction political by but to british market. >> so let's talk about some of the options and market reaction potentially to those ongses so let's say they pass deal what does market do? >> i think if there is a deal part at least there's something for business to plan for and something to respond to and see volatility in u.k. stock, start to diedown as people know what they're dealing with. if there's continueed uncertainty i think we can expect roller coaster in markets to the 11th hour. >> what if there's no deal hard brexit? >> so no deal and hard intersection it two slightly different concepts with no deal it means left to phuc walking with wild trade organization to come up with independent trade agreements globally. hugely complex for process and no one has any idea what outcome
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that have would look like hard brexit tough departure from eu but at least have a much clearer framework that will allow government to decide how to try to create a path for country going forward. >> lastly a new referendum. >> i think it is looking increasingly likely and vote 6 no confidence does go through, the jury is kind of out on what next leader of the might decide to do not off the table. >> thank you for watching this morning so much to consider but brexit chaos indeed. thank you. >> remember what breathics did last time to market when we cover that but it shook global markets. we'll see but right now futures at least your markets this monday are relatively lower but not terrible dow is down 44 s&p is down 5 nasdaq is down 1 and three quarters we've got a lot more coming up. it is the unofficial start of the holiday shopping season and we're almost in full swing but planning on shopping online retailers are not making it easy for you this year.
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we're going to explain that one and if you ever wondered about life of your turkey before it landed on your thanksgiving dinner table -- now that you can find out you're watching fbn:am. ♪ if there's one thing all americans agree on, a deal is a deal. and congress has already made one to help america's seniors pay less for their prescriptions. but now, drug companies are lobbying congress, trying to force seniors to pay more so they can boost profits. but a deal is a deal. and the president has pledged to end price gouging by drug companies. we will no longer accept the inflated prices being charged to our seniors. protect seniors, not drug company profits.
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human family in their natural habitat, known to their species as, the backyard. oh dear someone is about to burn a pile of debris that's too tall, which can start a wildfire. wait... could it be? blimey, it is. it's smokey bear. what a legend. watch as he astutely ensures that there's no wind, and how he removes some of the debris to create a smaller, safer burning pile.
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this is the year of no excuses for reit is up 5% this holiday season it is you not us. america is about to start holiday shopping. but will retailers reporting this week have better news? >> breaking news overnight florida embattle election chief ho reportedly has resigned and she's not the only one out of a job. we're going live sunshine state with what come next. take a look at you have toos this morning dow is down 41
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nasdaq is down a quarter of a point. in middle of brexit drama that, of course, is something all european traders are watching and up and cac 40 and paris slightly up. dax is under pressure. >> this is your close in asia mixed performance, the nikkei in japan gaining three quarters of one percent ditto for hank sang and hong kong if you're a fan of back to the future then you've got 50 grand to burn you can have a chance to ride in style like brown fbn:am continues right now. monday morning 5:31 a.m. in new york, it is november 19th thank you for stat ring your day with us i'm lawn lauren simonetti. >> good morning everybody i'm cheryl casone. senator bill nelson conceding to rick scott in race for florida senate and overnight the
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elections official overseeing recount in broward county reportedly has resigned more on this from griff griff live in florida with all of the latest. griff what do we know? >> good morning cheryl and lauren. well we know this, that doctor brenda snipes lost 2,000 ball she missed deadlines failed to report ac number numbers on election night now according to sun newspaper she's resigned effective january 2nd she was placed there in 2003 by then governor jeb bush now governor elect ron desantis will get the name a new election on heels, of course, of the big news bill nelson after 18 year conceding in video stament after losing by,033 votes to rick scott. take a listen. >> i was not victory use in this race. but -- i still wish to strongly reaffirm the cause for which we fought.
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now going to rick scott who pins in fox news now voters of florida have spoken and honored to serve as state next florida and share success with the entire nation with a heated campaign season behind us it is time for our leaders to come together roll l up their sleeves to get something done for american families across america. it is time to make washington work. just a final note democrats not coming up totally empty they won seat for agricultural commissioner here and that's a pretty powerful statewide. >> a lot of news to unpack there. thank you very much. a lot of chaos in florida over the last week, about but there could be some chaos this week. we've got all a of the retail stocks in focus ahead of black friday some of the biggest retailers in country are going to report let's bring in mark he's cio of ten mutual asset management. hey, good morning. >> good morning. >> this is going to be interesting you've got urban outfitters that's victoria's
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secret but big numbers are are coming in tomorrow we've got a laundry list to show our viewers of who is reporting and brns and noble low, target is coming out. best buy, kohl's, tjx foot locker gaap this is a retailer banana especially for holidays. >> we think that bar is set -- been set pretty high for retailers this holiday shopping season as you referenced there are a lot of forecast expecting 4 to 5% growth relative to last year number so even though numbers may come in okay we would guess i would say bar is set pretty high and if you see recent reaction with macy's and nord vom where their stock are sold off after i would say a meeting expectations again and example where expect tores need to beat for a lot of name. forecast for third quarter is interest and include holiday shopping season. but they have got a very interesting problem this year. that is they cannot get enough folks to work in their stores
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you've got unemployment at 3.7% right now. but i'm assuming they have to pay more to get people to actually man the stores this could be a real problem for these companies this year. >> yeah, i think that profit margins have been pressured by the likes of amazon online retailers and you know to the extent that wages start to increase and even amazon itself is having to increase wages for their employees. that will pressure margins for retailers so yes it will be -- i would say a challenging season. and again i do think that sales expectations are beginning to have to come in at or above where folks are are project now in order for i would say retailers to perform well moving through the fourth quarter. >> amazon hire hadding and let's talk about s&p and particularly performance as far as earnings went for third quarter most xans now reported worth the end. of 28.6% from last year the expectation 20 so that's good news. but the overall question here about -- about the fourth quarter in next
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year is -- is good too manies over frankly. we seen benefits from tax cuts now that you have a change in washington is that going to change concerns about banks, regulation is that something on your radar? >> well i think all of those concerns that you listed have been weighing on the performance of the stock market since the turn of the fourth quarter. so you know all of those concerns i think, are it shall what has been driving some more fear associated with a lot of equity markets and you know, isoff that we've witnessed in large cap technology names you know that was a big driver for the games through the first three quarters of the year and their recent selloff i think is, you know, apartmently explains why tone seems to have changed here for a lot of stock market investors. >> investors bought a lot of pep toe dismal glad that's behind us. thank you very much for being here had. thank you, sir good to have you. >> thank you. retail reverse giving more options to those who shop online in order to cut down on costs.
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yeah tracee carrasco has that story and other headline hads making news this morning. good morning. >> whether you're shopping on wal-mart or nordstrom.com this holiday season, the number of shipping choices you'll be faced with are increasing. target for example has at least six fulfillment options you can pick up items in local store have them delivered to your car in the parking lot. very convenient for shoppers but also way to cut cost for retailer u.s. online sales this holiday season expected to increase 15% from last year. to about 124 billion dollars. >> and you might be shopping for canada goose parker now there's a way that company is going to really show you how warm they are. they're worth money. >> canada goose wants customers to put its thousand dark parka to testino what real coal feels look from kfert of its new dress room. company is adding frigid rooms to some of it stores where shoppers can test high end coats in temperatures as low as
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negative 13 or get an extra test from a windchill button. that's really smart. very good idea. that sounds expensive, though. >> those coats are warm. another innovation for holidays track your thanksgiving turkey. >> yes this thanksgiving before you eat your turkey you can get to know the bird better read are about its story with a tracker code. turkey track reverse used for the first time on jenny o'and honeysuckle white turkeys find information about what farm and where turkey came from the family who raised it even things like their favorite family tradition. >> do you want to know all of that stuff? >> not if i'm eating animal tracee thank you very much. ahead of thanksgiving taco bell wants to celebrate turkey day in style with their new line of you're looking at them yep turkey taco sweaters teaming up with ugly christmas sweater to bring fans thankful for taco
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bell sweater and blue happy friends giving sweater they have tack owe leg physician to match if you want in. on any of those stylish items they are available but hurry selling out fast for some reason people really go for this and can't wait for ugly sweat or day in december. >> stocking stuffers let's talk a look at what had is not ugly that is futures were but not by much as remember this is a holiday week thanksgiving thursday, s&p is down three quarters and coming up high speed horror. as race car driver loses control and goes or airborne at 170 miles per hour. how that teenage driver survive this horrific crash. and from head of the state department to head coach of the cleveland brown, what condoleezza rice is saying about a potential new gig. you're watching fbn:am.
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i'd rather sit in the middle seat on a long haul. i'd rather sort my nephew's legos by color. i'd rather do hot yoga next to a sanitation worker. i'd rather fold a fitted sheet. where's the corner? dax, a prostate cancer screening starts with a simple blood test, which we are already doing today. smart. seriously, it's that easy. go to pcf.org to learn more. welcome back let's get you caught up on what's happening this monday taking a look at futures we are starting off the week holiday short fund week we should say with a los. the dow is down 50 s&p 500 is down 5.25. nasdaq down three and quarter in premarket. hundreds of resident in mexican border city of tea qan that
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protesting the arrival of central american migrants to claim asylum in u.s. with 10,000 aa sigh lum making their way to border and is not equipped to handle flood of migrants in densely populated city. france is crack down on gender pay gap by fining companies that underpay women and required to disclose that amount they pay women how does that compare with with men if they are not equal companies have three years to fix problem or face a fine up to one percent their payroll check this out back to future fans are real flying -- just like the one from the movie, is up for sale on ebay. the vehicle is technically a hovercraft imagine look like the car and sell for 45,000 dollars here's the really cool part, owner has pledged 10% of the selling price to michael j. fox parkinson foundation. that's what's happening now.
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>> that's wonderful. this is not a gruesome injury yesterday in the nfl. several eerie connections to another play that was 33 years ago. this rocks nfl yesterday jer is rei has that story and other sports headlines. good morning. >> welcome back 33 years to the day since legendary joe suffered career ending injury at the redskins day sunday with team current quarterback suffered identical identities that he did. as it happened to joe smith taken down near the 40 yard line alex smith fractured right tibia and fibula done from the season and tweeted alex leg is exactly like my 33 years i feel so bad for him now he was sack by all time great smith and sacked by jj watt who tweeted thoughts are with alex gutted about it. never want it see that for anybody ever wishing you all of the best. brother --
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sunday night football in chicago bears beat vikings 25-20 last night chicago takes hold of the nfc north division. nascar championship yesterday in homestead, mime now check out this grand stand entrance gone awry. as a parachuter gets caught in catch fence thankfully he was okay to race 12 laps left. joey finally pass and gets win for team penske a big night for joey watch this formula three crash this was crazy. 17-year-old sofia -- she is fractured her spine at the grand free in china she said i'm fine but will go into surgery tomorrow. i can't believe she lived after that crash. >> to see flying up and into that side building. wow. did you see this espn report that said that cleveland browns were going interview former secretary of state konked lee sha for head coaching position
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it is actually not happening brown said she's not on their radar and "madam secretary" confirmed and would like to get her play. >> or be the next nfl commissioner. she wants to see more women in coffing and doors open for that. >> you can watch jared sports reports on fox news headlines 24/7 siriusxm channel 115. taig a look at futures before we go to break kind of a negative morning. slightly lower, you can see the the dow the nasdaq and s&p are slightly in the red. coming up next, democrats take over the the house in january. their first order of business -- put our economy once again at risk of another financial crisis will come to an end. >> crumbs as they say are giving to workers to kind of put it on it has so pathetic from battle over banks to taking on tax cuts
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well with house now controlled by in thes and january congresswoman maxine waters is preparing to take over as chair of the house financial services committee her sight set on global banks let's bring in applications of a new leadership former ted cruz finance chair and founder of point ridge capital is here and former for obama campaign robyn byer organization good morning. >> ron about your party is hard as work an focusing on global banks really what she wants to go after in the simplest form is
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she believes corruption at global banks especially and taking a swipe at president trump. >> called low i.q. by this president for some time so i wouldn't doubt that she's going to to come for him and see if there's any dirty money but listen if that's not the case they don't have anything to worry about. but you know in the best interest of transparency, i'm glad that she's looking into this because it has been alleged i like to get this out of the way and see if there was anything there. >> it is interesting how because she's going babs to financial crisis day, talking about how she wants to restructure a lot of these committees i won't go into dts about it but basically banking regulations will come to an end when she takes over. that banking regulations as in push for more regulation is that
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a good strategy when economy and markets have been doing so quell? the gift that keeps on giving and jerry knadler with same motley crue of democrats coming back to power their agenda is investigation and subpoenas and a instruction so you know that's going to be agenda but what's interesting you think about it, these global coastal liberals that are now in power for democrats were put in power by suburban women. and they were voting for mostly moderate democrats so this is a big contrast to what they thought they were voting for so in 2020 i see republicans coming right back in to taking over the house because this agenda is going to be very much not in the mainstream and it is going to be very much in attack on -- the banks of the whole and what's interesting if you think about banks all that will happen here is security attorneys win on this bank are brought in and executives are going to be harassed but you can't really do anything.
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>> it is just such an old idea robyn that's why i'm surprised that she's going after the banks i mean this is -- you know, the financial crisis was 2008, it is ten years ago. >> exactly so why? >> yes, and yeah how it brings up great points we have to be careful about this because it could be problematic if we go too hard yes they have subpoena power yeah possibly go for tax return and looking into dirty money from russia and china that i'm glad that she's dong but we have to be very careful that it doesn't look like we're attacking this president. because voters are expecting us to get work done. >> really quick hal not gipping to get a lot done but they have the house senate and president block anything they try. waste of time? >> yeah, no i don't think i donx increases to and die in the senate an they're going blame republicans for obstruction so that's the game plan that's the the only thing that will come
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out of legislation is higher tax on whatever they pass and at the end of the day main thing is investigations and subpoenas and obstruction. >> yeah, and then you have nancy pelosi and talking about -- changing how they vote for tax cuts. it is begin to be crazy taxes raising excuse me robyn and hal we don't want to see that. thank you having you here. >> thank you. >> to breaking news nissan reportedly set to remove carlos as chairman after -- uncovering newspaper reduce significant act of misconduct and chairman and chief executive of francis continue to watch that but they are set to remove hill. coming up future brexit and prime minister of great britain, the latest from london straight ahead. at fidelity, our online u.s. equity trades are just $4.95.
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hats off from theresa may she will not renegotiate brexit u.k. agreement to leave european union and global economist at commerce bank joins now peter, good morning. can theresa may push the brexit deal through? parliament -- >> i think getting this particular deal through, but i think there will be some form of agreement which effectively avoids next march because that is such a horrible economic scenario to contemplate i talked
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to politician in the right mind would want to push it that far. >> what about this no confidence vote against her and survive magic number 48? >> i think she has -- a fighting chance to survive that magic number and even if a confidence bill is actually brought then i think you'll survive is because i don't think the sufficient appetite will unseat prime minister at a time when you know stability is lacking. and last thing to change is leaders at that particular point. . all right peter thank you so much for your insight. in that is it for us a lot, though, coming up right now with ms. dagen mcdowell back in for maria bartiromo. good morning, lady. >> good to see you both. if you hear people talking guess what we're talking about everything settles in florida. that's one of the top stories that we're getting to this morning good morning everybody. i'm dagen mcdowell in for maria bartiromo monday november 19th your top stories at the 6 a.m. eastern. tough times for a physical ceo
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tim cook speaking out against regulation, but he says it is coming. and tech unite is already struggling with orders for its new phone and suppliers are paying the price. we break it all down mean futures are show weakness across backward at 48 point loss on dow futures right now, as we move into begin this short tnd holiday week after a week of red for all of the major market indicators the dow and nasdaq both off 2%st last week. s&p 500 shedding 1.6%. in europe to start this week, we have gains acrossed board all although slight but brand but asian market finishing higher overnight as well. no red in asia. the biggest winner there the shanghai up almost 1%. nevertheless, trade tensions with china on the rise. vice president mike pence returning from the asia pacific summit with out of communique
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without accord now focus shift to g20 where president trump is set to meet with president xi next week but president trump speaking out about the difficulty of coming to an agreement. >> china wants to make a deal. they said they have a list of thing they're willing to do which was a large list. and just not acceptable to me yet but at some point i think that -- we are doing extremely well with respect to china. i have a great respect for president xi i have a great respect for china. but china has taken advantage of the united states for many, many years. >> we look at what is at stake straight ahead. and breaking news on nissan, trouble for the automaker -- the company looking to remove chairman japan's nhk news service reporting that carlos scone has been arrested for alleged financial violation. we will dig into that
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