tv FBN AM FOX Business November 26, 2018 5:00am-6:01am EST
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2:00 a.m. on the way to work. more to come later. investors are hoping that a gang buster stock for monday will help boost your stocks overall. the chief strategist. good morning lauren happy cyber monday. they are predicting record cyber monday sales. do you think that list stocks today. many stocks fell on friday. i think this is really no more than what we would call a market that is extremely oversold. we close right at the bottom end of the range. this rally is no surprise. it might be a little bit of a surprise. but i really think we are going to be going a lot
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lower. i don't think the sales are going to beat as much as they would like to be beaten by. as the same thing goes for oil. it is doing nothing more than bouncing in a market that is down 30% from its high. these balances do come naturally. these are like what we call rip your face off at rallies. we are seen stocks and commodities. and racine metals and bonds all fall in tandem. that has been the trade. so where do investors seek refuge from the selling that we've seen for much of 2018. i think they really had to sit back and take it deep breath and let the markets do. one thing we happen to do. i think they have to sit back and relax and let the markets relax.
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one thing that has been a fact in the history of markets as they do go up a% year-over-year. and there will be selloffs. a major correction is due. we will recover. i think that's really the way that investors should look at it. i am trading the markets and the short side. they are underweight for 2019. the u.s. equities. i think if you look at it again. it would go to the same theory again. the emerging markets have been totally destroyed. with the overall a stronger dollar and all the other things that have gone on to have caused them to get sold very hard.
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i think your overall risk versus reward really favors owning them versus trying to sell them. i think this is the time to buy it. thank you very much. we are seen triple digit gains for your market. there is chaos at the southern border of the country a group of migrants from the central american caravan rushing the border after pushing past mexican right police. the u.s. customs and border protection's sake they say they continue to use every tool they have. there is a legal means to present yourself. at the ports of entry. that's what we expect people to do.
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>> the border crossing there their wasn't closed for several hours. they said it will immediately deport those who tried to violently enter the united states. >> president trump gearing president trump gearing up for a crucial meeting. the two leaders and they are set to meet at the g20 summit. president trump plans to more than double the tariffs on $200 billion worth of chinese goods doubling that to 25% in january. he has also threatened new tariffs on everything else. a program note for you here back in the u.s. the president will travel to mississippi today. he will hold rallies for republican senate candidate cindy hiatt smith. >> we talked about it at the top of the show. today is cyber monday. they are wondering if online sales today are going to type those of black friday lauren: did you buy anything good? >> i have not started cyber
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monday shopping. retailers rolling out those deals. appeared on amazon. the noise canceling headphones. fifty dollars off at 299. the in-state pot to cook or is 6995. they are by to get one free. some toys are buy one get one free. at best buy the apple home pod is 250. that's a savings of $100. if you're lucky and can get it the latest apple ipad with 32 gigabytes is 249. that's a lot of deals. were optimistic for the numbers on cyber monday but how did black friday turn out. >> according to estimates traffic to stores sell between
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five and 9% compared with last year. another estimate by shopper track shaw -- saw traffic down. as more people shop on their smart phones. internet sales for wednesday through black friday increase more than 26 percent. that is according to adobe analytics. we also have some big numbers from the box office. it was quite a holiday weekend at the box office. and this weekend's winner. delivered the second largest own and -- opening ever. what is it you're trying to say. ralph breaks the internet. a sequel brought in $84.5 million over the long weekend. also opening this weekend creed two.
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and running at the out the top five fantastic beast. tracy, thank you very much. we have some good news for you if you are an investor. eva's slight bounce in oil. obviously the brexit deal is in the box -- books right now. it's up to 71 right now. there are your futures still head. from the runways to the roadways. whether causing chaos. another car was spinning out towards me. i was trying to get home. i got here and he was delayed.
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millions of travelers. snow blanketing major roads. causing white out conditions from kansas city to chicago. more than 1,000 flights were canceled on sunday. janice seen his life in the fox weather center with where that system is now added. what a difficult time yesterday with a blizzard warning across the heartland the midwest all of this is moving towards the northeast we are going to get snow on the backside and mainly a rain event starting this afternoon for some of the big cities. we will see some wins with this as well. the ohio valley, the northeast you northeast you want to check ahead because we organ had some travel problems. as you can see this is the free future radar. on the backside of this that's where we could see some snow but it's can be too warm for any snow along the coast. as is can cause some travel delays.
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we had flood warnings in effect. in behind this several inches 6 inches plus along the great lakes. that is the big story today across the rate lakes. otherwise, a quiet day across the central u.s. another storm system moving across the northwest. nice to see you ladies. happy monday. let's also get you caught up on what else is happening right now. taking a look at futures you had oil a little bit higher. you have given agreement in place as of now for them to exit the union. that is giving sachs a little bit of booze. the dow at 264. nasdaq up 111 we will keep an eye on your futures also this.
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a vital interstate bridge that connects new jersey to delaware has reopened after being shut down on one of the busiest travel days of the year. it was closed for six hours yesterday. because of the toxic gas leak. the traffic stopped in both directions. the deadliest wildfire in the century. now fully contained. several days of rain helping firefighters knock out the campfire in northern california. after more than two weeks of devastation. they are going to continue to dig through the ashes and debris 85 people now confirmed that in that wildfire. an emergency meeting at the united nations later today has been held after they seized three ukrainian ships. claiming they cross into the water illegally. they had been battling for years after russia and they annexed crimea.
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just hours. they are going to be and attempting the entire -- inside crash list. the insight will land near the martian equator. the mission the study with the interior marks. this is your chance to own a piece of the men. three tiny pieces of the men for up to a million dollars. i unmanned craft. launched by the former soviet union. they are the only official lunar samples in private hands. that is what is happening now. still have this morning. violent crashes and rubbed after hundreds of migrants storm the u.s. border what comes next for the white house as mexico steps in and bit an bit quaint maybe taking a beating. a controversial new business
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see what our nation's busiest port of entry reopens. border patrol agents forced to fire tear gas into the uncontrollable crowd. live in washington with the trump administration's response. good morning lauren and cheryl. more than i've thousand migrants came across the border. giving the trump administration its first real test of the policy. towards the caravan.
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the my rinse became violent. they caused them to fire tear grass into tijuana. they were aggressively charging the border. dhs well not tolerate this type of lawlessness. it will not hesitate to shut down ports of entry for security we will also seek to prosecute to the full extent of the law and anyone that destroys federal property. endangers our operators or violates our nation's sovereignty they did it have to temporarily close that port of entry. all of those arrested. that commissions. told foxnews yesterday this fox news yesterday this caravan is unlike any he has ever seen. >> this karen then is actually unique to anything we have
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seen in the past. in the violence has been perpetuated across to international borders and throughout the country of mexico is something that we have seen and taken particular know of. we are prepared to deal with if it were to occur. heading back to washington today to really put a priority on this. we have to get on top of this. it is a national security interest in a top priority of the president and the congress. finally there are reports of cooperation. we will see if anything comes of that. there is certainly nothing firm now. it's anything but calming down. thank you, very much. let's take a look at futures this morning. bouncing back after the bruising that the stock market took last week. the nasdaq is jumping 110 points. still had present trump seems pretty optimistic he can get a trade deal done with china this week.
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china wants to make a deal very badly. we can make a deal we well. that would be a great thing. i'd be very happy about that. is he prepared to get him to finally see eye to eye on trade and we now know why elon must was really sleeping on the floor of teslas factory. >> how close to death did you come? the tesla ceo on bringing the company and himself back to life. ♪ ♪ move to the enterprise-grade cloud that's built to handle all your apps. ♪ ♪ the ibm cloud.
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attractive. while i would run from retail overall. there is there's some really good names off-price. the particulars are changing after sinking last week are stocks going to be on that holiday shopping list today. they are certainly discounted. gaining 1% nasdaq we are watching oil prices moving higher this morning. a% plunge on friday. we are at 51.05. >> stocks opening in the green after the uk in the european union agreed to the divorce deal. they're up 1.2 percent. in stocks in asia and you won't believe who said that.
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the world's only superpower. when you put that in context it would be nice to get some good headlines this week and some short-term balance. i would love that. i don't see any sort of long term long-term solution playing out here. we were up sharply before this. in racine so do the declines just continue until we get some sort of agreement. is there something the short term that would give investors reason to like equities again. i think the selloff has far more to do with interest rates than trade wars. it's a great article last week. and of the 25% tariffs that have been placed on such -- a certain goods from china.
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we are winning this trade war. there are many more things we can do to inflict pain on china. it will ultimately better -- benefit them. it is opening up the markets. do you think we are ahead in the trade were so far. we just don't have a deal yet. do they not take a different approach. the cold war lasted for like 50 years. they are a communist, -- country. it would nice be nice to see that market rally back. why really down 1%. hopefully we have positive headlines. the trade war could actually make the federal reserve less trigger-happy. i don't think so. it have no real underlying
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effect on the economy according to the fed. i think it just goes higher. it takes a long time for markets to digest this. the underlying fundamentals are so strong. and looks like they're going to continue to strengthen. all of this volatility is not fun for investors. write a very good place right now. a lot of folks are saying if they stay at 10% and present trump doesn't like them to 25 that is considered a breakthrough. does that make the markets move to the upside. the short-term will be a nice short term bouts.
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i don't think resolution is coming this week. hopefully things will continue to improve overnight -- overtime. thank you very much. and thank you for talking with us. earlier this year elon musk described production hell at tesla. he even said he was sleeping on the factory floor to guarantee the cars would be made on time. in an interview he revealed just how bad things got for the company. >> the company was bleeding money like crazy. it was extremely difficult. to solve them. the space x founder said he believes there is a 70% chance he's actually going to land on mars. he did talk about the fact it's something that he feels
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like would be an amazing adventure. they are facing the lawsuit over the app resolution. the supreme court will hear arguments in the argument accusing of them breaking the antitrust laws. in making consumers pay more than they should. apple is appealing a lower court decision from a decision for a class action lawsuit. they accused them of violating those antitrust laws. compared if the apps were available from other sources. a new development in the campbell soup proxy fight. not even the founding family is involved in all of this. in an effort to avoid a board takeover. two more board members
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nominated. they could also include giving their point import on another new director. the shareholder vote is scheduled. bit coin what is going what is going on there. it has fallen below $4,000 over the weekend. losing nearly a third of its value in seven days. it has now dropped by about 80% since the high of $20,000 late last year. with the crypto currency selloff. ohio set to be the first state beginning this week. they will be able to pay everything from cigarette sales taxes to employee withholding taxes the initiative will eventually expand to individual filers.
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thank you tracy. taking a look at futures on this monday. we are actually getting a nice little boost from oil prices. it's higher as well. will actually had its biggest decline in nearly three years last week. what a reversal we are seeing. what he make about this reversal of oil this morning. is this tied to the upcoming opec meeting. and i will type what. i think it was black and blue friday for oil prices. the last time we saw sell off like selloff like that on the friday after thanksgiving was when we have that meeting when they decided to flood the market with oil. this time it was concerned that they could not cut production enough and that they were afraid of donald trump and afraid of the slowing economy. the real mixture of factors that really caused the price
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the plunge. there is a note this morning from j.p. morgan that said while it is claimed to -- they are preparing to lower output. that is a big switch but they haven't been public about it obviously. >> how do you cut production and not get donald trump to tweet about it. i think what they are good and try to do is they are gonna try to say we are just can keep the production where it is they are already over complain. they are just to cut back and not say anything. he same hate you are worried about inflation. they just head their biggest plunge in history.
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how can you talk about raising rates. and its environment. he may have a little bit of a surprise. here is the tweet you are referencing. thank you for that. the inflation is down. really quick though. as far as the stock side of this. with the energy stocks. they really got crushed last week. as they are watching them back -- bounce back today. do you see a boost for the energy companies as well. they are really having to hedge their best for next year. i will tell you what it used to be very simple lower oil prices were good for the u.s. economy because we are dependent on imported oil. it was usually taken as a positive. in this case it hurts those energy stocks and the u.s. economy. it is a double edge sword.
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thank you for coming in. it has been a rough day for weather in the chicago area. it's good to see you. not rough for stock market futures this morning. the nasdaq jumps 107 points. the season was on the line in and a sunday night football. they are making their way in the studio for the latest it was supposed to be in favor of the event. it didn't quite work out that way. you're watching fbn:am. (toni vo) 'twas the night before christma,
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at&t has a match between tiger woods and phil mickelson. shortly before the match the problem forced them to make the webcast event free to everybody. it can now end up being a money loser for at&t. they are also issuing refunds. now you know. heading into the home stretch of the nfl season. there is a lot to talk about in football.
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we are in the home stretch, good morning. after tonight's game between the texas and the titans. they will only had five regular-season games left. they did not look like they will be playing anymore than five. minnesota vikings. he's true for three and 42 yards. he would connect for the score. there always fix on the road. when it comes to losing streaks away from home no team knows that level of discomfort. better than the cleveland browns who had lost 25 straight away from home. in cincinnati they finally snapped the losing streak. they beat the bengals 34 --dash 135. they got the ball on the interception. three straight wins for the browns. it is brought to you by the
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number 25. not only did they snap at 25 game losing streak but hate chargers for philip rivers. they start the game against the chargers in nfl record. they also tied at the mark for the most consecutive at any point in the game. they are eight and three. they went 45-ten. as they score a win yesterday against the new york jets. with the run off of the mississippi senate seat for tomorrow. senator cindy hiatt smith had another big dollar donor ask for a refund. she had been recording during a campaign stop saying if ever
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supporter invited her to a public hanging she would be in the row. jerrod max, thank you very much. after a tumultuous week last week. let's see how they are looking pretty good on the cyber monday. 108 points. a lot more going on this morning. not to washington they get back to work. border security debate leads to a government shutdown. >> i don't think it's gonna come to a shutdown. your people on both sides of the isle that know how important this is. will take a look at the lame duck agenda. you know what your neck and believe how many people have actually done it. one of the stories is next.
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but monday morning let's get you caught up on what's happening now. they're getting to 64. outgoing ohio governor said he is seriously considering running against president trump in 2020. he tells abc news he is considering his options. these are earnest conversations that go on virtually every day with some of my friends and my family. we need different leadership. there's not any question about it.
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is done it twice before. he unsuccessfully ran for president in 2000 and then again in 2016. cory booker also eyeing a potential bid. he is being urged by supporters to run. he just visited 24 states. something for democrats for the midterm election could be a dry run for his own campaign. holman caught driving on trade tracks claiming her gps told her to do it. she have no medical conditions. she was cited for careless driving but she was not hurt. i wonder what's can happen to her gps. >> sometimes you have to think when you drive. there is a lot to think about because lawmakers are returning for their lame duck session. it is can it be an intense battle over a spending bill. democrats are planning to tie the legislation.
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>> it will depend on what those are coming through and how we can do it. but we have to protect this investigation ted harvey is a former colorado state senator. guys, good morning. who knows if there is can be the appetite to hit the december 10 deadline. let's go through with really is at stake here. you have the farmville. that is up. the federal criminal justice rewrite. and of course funding or the border wall. where can we find agreement do you think as we go into the next session. the border wall is pretty much a no go for us. and it's kind of tricky because democrats were for the secure fence act in 2006. i'm a little bit confused about why we are so opposed to it. i think because it is specifically a wall to that
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point i do think we can work with the president on the other two. and i have every faith that nancy pelosi because she worked with them before i think they're gonna pull this through. i'm really confident about that. >> this is a statement from representative gerry connolly. talking about the fact with nancy pelosi. there is a hard-core group that wants a new leader. it really is about this. it seems like they are looking for a leader that would represent the younger generation of democrats in more diversity in the party. they seem to be ignoring that on the democratic side. is a mistake. they are looking for someone that can represent the most radical side of their party.
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they want to push nancy pelosi even further to the left which is hard to believe that anybody could be more to the left the nancy pelosi is. they're not to get it because nancy is an incredible legislator. she knows where she is. she is going to win overwhelmingly. let's talk about that. anybody that challenged her. what about the younger generation for your party? whether or not you agree or disagree with her. there is a next generation coming up. specifically on the senate side. that has been brought to my attention.
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identity politics. to that point. like i said. she funded the interim spending bill. i think she is can a pull through. no one is challenging her. she cut some deals. i want to go back to this. the possible inclusion in the spending bill. the language that would protect the molar investigation. how do you think president trump should or would respond. that this is now introduced during the lame duck session.
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i don't think the president really cares about it. he's been saying for two years now his neck and a stop at the mueller investigation. the democrats keep making this a campaign issue even though the president said multiple times let's move forward and let's get this done. he wants to have it narrowed to what it was supposed to be about. it's totally a witch hunt. and that's what's can happen. if they say we are going to tie this to the mueller investigation who cares. that is always the true test. we appreciate it. have a great day. can thersea may sell that deal to parliament. it can she do it by christmas. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. (sounds of race cars)
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to try to rally support. and what happens with all of the trade deals. let's look at that. and can they start with the negotiations. is it that can be a tough road as well. that is part of it. certainly the withdrawal agreement that will be voted on in parliament and the next few weeks. that's all it really about the past relationship. we have a transition phase. that is when the future agreements be agreed. if the deal is approved would be a lot easier to do those locations. when we all come out in the eu. was so much confusion about what happens next.
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>> thank you for clearing some of it i press up for us this morning. good to see you. and now we send it over to maria bartiromo. >> good morning everyone. thank you for joining us. happy monday. just before 6:00 a.m. on the east coast. from brick to click they are gearing up for cyber monday. spending $6 billion online on black friday. were taking a look at the state of the consumer this morning. the market this morning looking for a big rebound. up to hundred 70 points right now. that's better than 1% higher on the tao. the nasdaq is up hundred ten points.
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they are flat up to one half ever present. in europe markets are higher this morning a bit better than 1%. in asia over night they close mostly higher with the exception of china which is on affection. it reopens to travelers. they stormed the area. mike johnson addressing how congress should act on sunday morning futures yesterday. we know that there are harmful human traffickers who take advantage of the border for years. we have illegal opioids and fentanyl and harmful drugs that come across the border every day. this is a top priority of the present and the congress. and we have to make do on that. the very latest this morning on the battle coming up.
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