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tv   FBN AM  FOX Business  March 7, 2019 5:00am-6:00am EST

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remember to follow me on twitter ralt lou dobbs and instagram @loudobbstonight. lauren: it is thursday, march 7th. the fight between huawei and the u.s. government is escalating. huawei filing a lawsuit saying limitations on its business in the u.s. is unconstitutional. mark zuckerberg doubling down on privacy concerns. he's making a major change to how you use the site. is it too little, too late? an emotional good-bye to the chevy cruz, the last one rolling off the a assembly line as general motors closes its first american plant.
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ashley: good morning, everybody. let's take a look at how your money is moving at 5:00 a.m. u.s. stock market futures.pointing to a lower open, the dow down a third of a percent, the s&p down a quarter of a percent and the nasdaq down about 19 points. let's take a look at what's going on in europe. bcb meeting this week, we've got the brexit drama going on, the ftse in london down about half a percent, the cac and dax also moving lower at those hour. what happened overnight in asia? mostly lower. the nikkei, hang seng and kospi all down about from a half to close to 1%. the shanghai bucking the trend, up just slightly. lauren: here's the good news. it's almost friday, little friday, and welcome to "fbn: a.m.." good morning to you at home. i'm lauren simonetti. ashley: good morning, i'm ashley webster in for cheryl casone. lauren: the fight between the u.s. and the chinese tech firm howway is intensifying. huawei suing the government, saying a law limiting its business in the u.s. is
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unconstitutional. ashley: the law was signed by president trump last august. it bars federal agencies and contractors from using huawei equipment and services. huawei has been accused of stealing trade secrets from u.s. companies but its chief security officer told maria bartiromo earlier this year that huawei is not a security threat. >> are you saying that huawei technologies has not stolen trade secrets from other companies in the west? >> we have been trusted for the last 30 years in 170 countries. we're not saying that because of our record there should not be strict scrutiny of the kinds and products and technologies we say. ashley: last year ended with the arrest of huawei chief financial officer in canada at the request of the united states. lauren: for more on this let's
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bring in jonathan hoenig. thanks for joining us. >> my pleasure. lauren: does the huawei suit complicate trade negligence gosch unite unitednegotiationst. >> it does. it could throw a wrench into these complex negotiations. this isn't a small company. this is a $100 billion revenue, supplying 40% of the world's network gear, this is a major company with major accusations levied against it as was talked about, stealing trade secrets, wire fraud and in effect being a security risk as an arm of the chinese government. so very serious and also very serious potential for retaliation from the chinese government against specific individuals, against specific companies, especially this close towards what we were all expecting to be the end of the trade negotiations. lauren: so do you think we get that, a positive end to the trade negotiations? >> certainly there's hundreds -- for get hundreds of billions,
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there's $4 trillion a year in trade waiting on it. that's what i think so many market participants are probably relieved about, at least when it comes to this lawsuit, specifically targeting companies. that's so much of what president trump talked about with his trade war efforts, cracking down on a lot of that intellectual property, so at least this effort is against a specific company, against the tariffs, which are against consumers at large. this is a risk but so far it's a limited risk and one that i think the market can ultimately overcome. lauren: i wanted to talk about the jobs report, jonathan. we get it tomorrow. we've seen somewhat of a divergence in the two numbers, the headline number being very strong and the unemployment rate. we are expecting the unemployment rate to tick down to 3.8%. my question to you, john than, is this rate going to go even lower and push towards 3% and if and when that happens, the fed can't continually be in a wait and see approach, can they? >> the trend continues to be the
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economy's trend toward lower and lower levels of unemployment. that's a positive. i think you're right, it keeps the fed most likely on hold, at least for the near term. it's a wild card given in my opinion december's market melt down, that took a bite out of a lot of consumer confidence. we could see that with hiring as well. as with so much with the economy these days, it really is a bit of a crap shoot so all eyes are going to be right here on fox business of course tomorrow morning with that employment number. lauren: i think it's saturday the official 10 year anniversay of the financial crisis low, the s&p 500, 676. do you think this bull market's a little long in the tooth? >> historically, it certainly is. as you said, the 10 year anniversary coming up this week, what a 10 years it's been. the most remarkable thing has been the seed change. 10 years ago you couldn't give away stocks. now investors happy to buy stocks with many, many
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multiples. we're certainly due for a correction but it doesn't mean one's coming and it doesn't mean one's coming any time soon. lauren: or we get it like december but the market snaps back so quickly. jonathan, thank you. >> thanks, lauren. ashley: mark zuckerberg wanting to make big changes to facebook apparently, promising more privacy for users. he said facebook plans to increase privacy bye by encryptg messages. they will integrate instagram, what's ' app and messenger. some, like roger mctha mcnamee,s the changes are not enough. >> the truth of the matter is that privacy matters intensely. that's not what the real underlying problem is. facebook is in the business of surveillance, they gather a lot of data. ashley: we'll have more on this coming up with tech analyst ian
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wishinggrad. lauren: the federal reserve is dialing back on its use of stress tests for financial firms. it says it will no longerrer fail banks because of perceived weakness in capital reserves. the move a big win for major banks which the industry has long criticized as too onerous. ashley: from wall street, to capitol hill. it was a tough day for homeland security secretary kirstin nielsen yesterday. she testified that 1 million illegal immigrant arrivals are expected at our border just this year. lauren: pretty amazing numbers. griff jenkins is live in washington as president trump urges lawmakers to support his emergency declaration at the border. griff, good morning. >> reporter: good morning, guys. what a hearing it was that was captivated sitting in there. fireworks were flying. the homeland security chairman, benny thompson admonished the secretary for what he called a
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nonexistent emergency at the border and grilled her on humanitarian concerns. >> are we still using cages for children? >> sir, we don't use cages for children. in the border facilities that you've been to, they were not made to detain children. to my knowledge, cbp never purposefully put a child in a cage. >> purposefully or whatever, are we putting children in cages as of today? >> children are processed at the border facility stations that you've been at. some of -- >> i've seen the cages. i want you to admit that the cages exist. >> sir, they're not cages. ashley: in her testimony, nielsen painted a troubling picture of what's to come. >> the projections are dire. >> at the current pace we are on track to encounter close to 1 million illegal aliens at our southern border this year. our capacity is already severely restrained. these increases will overwhelm
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the system entirely. this is not a manufactured crisis. this is truly an emergency. ashley: she defended the president's national emergency declaration which will the senate will try to block in the face of gop defectses, president trump took to twitter saying we are voting on desperately needed border security at the wall. our company is being invaded. that's what the vote is all about. stay united. meanwhile, guys, there is yet another caravan reaching the u.s. border, this time a freight train, carrying 400 migrants arrived in a town across from southern california. so caravans not over, guys. lauren: thank you for following it all for us. ashley: president trump set to become the prime minister -- set to meet, i should say -- welcome, not to become the -- [ laughter ] ashley: he's going to meet the
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head of the czech republic today for his first official visit to the white house. they're expecting to discuss how to advance bilateral relations and how too tackle global challenges including cyber and energy security issues. the meeting comes as the czech republic marks the 30th anniversary of its so-called velvet revolution. lauren: and the ceos of marriott and equifax will be grilled today during a senate hearing on data breaches. both companies have reported massive breaches of personal information involving more than half a billion customers combined, hackers getting away with social security and credit card numbers. they want to know why the companies couldn't stop the hackers and what is being done to prevent it from happening again. ashley: here's some other headlines this morning. an american journalist detained in venezuela has been released. that's according to his mother, 29-year-old cody weddle was reporting for a local florida tv station when he was detained for
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covering opposition leader's juan guaido to the company. the u.s. state department demanded his release after military police raided his apartment and arrested him earlier this week. a second federal judge has ruled the citizenship question the trump want administration wantso include on the 2020 census is unconstitutional. they warned it would result in an undercount. michael cohen's lawyer said cohen directed him to ask for a presidential pardon, contradicting cohen's testimony before the house intelligence committee last week where he said he never asked, would accept a pardon. the house intelligence committee says it plans to release all of cohen's capitol hill testimony soon. cohen has been sentenced to three years in prison. another former trump official, paul manafort, will be sentenced today. he was convicted of bank and tax fraud for concealing nearly $17 million in income. the case is the first and so far
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only case brought to trial as part of robert mueller's russia probe. it stems from his lobbying and consulting work in the ukraine. he faces up to 24 years in prison. alex trebek revealed he is fighting stage four pancreatic cancer. >> i plan to beat the low survival rate statistics for this disease. truth told, i have to because under the terms of my contract i have to host jeopardy for three more years. so help me, keep the faith, and we'll win. ashley: what a terrific guy. the 78-year-old making light of the news, joking he needs to beat that cancer because he still has three years ofs his jeopardy contract left and that is what's happening now. lauren: what a good outlook. unfortunately it's not the same for the markets right now. we are looking at four days of losses, dow futures down 77, s&p down 6, nasdaq giving up 17 and a quarter this morning.
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still ahead, mark zuckerberg makes a surprise privacy pledge for facebook but the big question we're asking this morning is will facebook start charging for its more private service? and do you love wine so much you wish you could sleep in the bought l he'll obottom or mayber maybe you already have. we'll show you how to literally sleep in a bottle when we return on "fbn: a.m.." ♪ red, red wine. ♪ goes to my head. ♪ makes me forget --
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♪ ♪ dear tech... let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do... and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪ termites, we're on the move.24/7. roger. hey rick, all good? oh yeah, we're good.
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we're good. termites never stop trying to get in, we never stop working to keep them out. terminix. defenders of home.
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that we're playing "four on four" with a barbershop quartet? [quartet singing] bum bum bum bum... pass the ball... pass the rock.. ...we're open just pass the ball! no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. yea. [quartet singing] shoot the j! shoot, shoot, shoot the jaaaaaay... believe it! geico could save you fifteen percent or more on car insurance. lauren: mark zuckerberg's surprise privacy pledge raised more questions than answers for facebook, especially from investors about how the social network can execute its plan while still keeping its business model intact.
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ashley: ian, thanks for being here. every day we do stories on what's being hacked. i get the feeling facebook has no control over the massive data and information it has on us at all. what would you say? >> to some degree, that is correct. they do have a decent amount of control of information but we're kind of past that point anyway. the real question, what his pivot was, can i create a second business that's very focused on private conversation and he called it the living room. the town square as we know them to be, the instagram, facebook, those properties that generate the advertising revenues will stay the same. he's trying to say i've seen there's been a retreat because it's a platform where you go in there, you share with your friends, you like, most people watch. they don't contribute to it. if you and i were having a private conversation, we would feel more free to have a conversation if he can create that situation. there's a lot of revenue to unlock. lauren: that's a big if. can they create such an encrypted system where even facebook can't get into it.
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>> yes, it's not a matter of their ability to create an encrypted system, saying encryption is a buzz word right now. they breached so much trust. they need to tell people this is safe and what he says is there's a term called interoperability where he wants what's app, facebook and instagram speaking to one another. at the beginning of facebook, people told him to start selling advertising to make money. the plan here is he will get people into this private word, work hard to get it happening and then i think the future of the internet is in micro payments. you'll be able to transact and if you create a secure environment, you can tell to one another. ashley: you're saying, do we have to pay to be in this private living room, is that part of the model or not? >> i don't think anyone is going to pay. millennials and the next
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generation, they'll pay for quality if it's there. there might be a percentage he takes upon transactions but none of this is going to happen until he creates a safe environment. that's what he says he's going to do. he says this is the future of facebook. the old facebook, where all the advertising dollars go, is not going to change. that is facebook. that is instagram. it's more the what's app, the i--message world, that's what they'll work on. lauren: you don't think advertisers are turned off by this? >> advertisers can play in instagram and facebook. people will still play there. instagram turned into a magazine that people love to flip through. doesn't mean everyone is contributing to it. you have influencers that are posting, viewing and creating content. there's a lot of viewers. he wants interaction. and interactions need to happen in guarded environments. so it's a real question of can he do the execution, yes, i do think he could pull off the execution. is he going to get people to switch there and be able to start dosing out the ability to do the little things that make it that way?
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we'll see. lauren: investors are not totally convinced this morning. stocks down two-thirds of 1%. ian, thank you very much. ashley: still ahead, low unemployment is forcing businesses to rethink how they can fill positions, the new strategy some are adopting to score top talent. and guess what, there was one, just one -- lauren: there it is. ashley.ashley: there is one stt on earth in a video rental. lauren: don't give up your card. ashley: i'm not. you're watching "fbn: a.m.." ♪ do you remember the time. ♪ when we first met. ♪ do you remember the time.
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to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪ teen: depression was hard on me, and my family.earth. but it turns out, i always had the strength to work my way back. i just needed someone to show me the first step.... so i could be me again. ♪look into my eyes ♪you will see
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♪what you mean to me ♪don't tell me it's not worth trying for♪ ♪you know it's true ♪everything i do ♪i do it for you
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♪ still reoccupied with 19, 19, 1985. ashley: amazon is rethinking its retail strategy. lauren: tracee carrasco joins us with more on that. tracee: amazon said they will shut down 87 of their pop-up stores, the stores you see in whole foods, kohl's, malls across the country, where you can try on amazon products and services. the reason they're doing this, this is so they can expand the amazon book stores, also those amazon four star stores. we have one of those in new york city where you can try the amazon products, buy the amazon products that are rated four stars or better on the site. this comes on the heels of the report earlier this week from the wall street journal saying they were going to open up amazon grocery stores. so they're opening up their own stores, not really inside other stores. lauren: they killed brick and mortar and now they're reinventing brick and mortar.
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lauren.tracee: they're going ie opposite direction of other retailers. lauren: blockbuster video, hence the song coming into the segment, 1985, that's when they opened their first store. there's one left. tracee: one in the entire world. up until a few days ago there were two. the one in australia, the owners there finally decided it was time to shut it down. so the oregon location is the only one around. they've been around for more than 20 years. they say that they do have a lot of the newer releases but it's the older classics, that's what people like. they say they can't get those on netflix or hulu or amazon. lauren: who has a dvd player. tracee: that's the other thing. they even sell merchandise that celebrates -- ashley: i think they have a beer, the last blockbuster tier
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or something. lauren: do they? only you would know that. tracee: they had 9,000 locations in their prime. now they're down to one. ashley: classic. tracee, thank you very much. lauren: let's take a look at the markets this morning. this thursday morning as we await the jobs report tomorrow, and whatever this outcome is on u.s./china trade talks, we have a sea of red, dow down 84. coming up, charlie gas parino says joe biden is closer than ever to throwing his hat in the presidential ring. and elon musk's dream of an express tunnel system could soon become a reality in las vegas. keep it here, "fbn: a.m.." ♪ we had much more. ♪ than it's been worth losing. of your investments.
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key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in.
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ashley: let's get you caught up
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on global market action. the u.s. stock market futures, well, pointing to a lower start when we get going on wall street. the dow off 82 points, the s&p and nasdaq down about a quarter of a percent. in europe, also in the red, the ftse in london down half a percent, the cac in france also down half a percent, same story on the dax in germany. in asia, overnight generally lower, the nikkei, hang seng, kospi in south korea, all lower, just the hang seng managing a small gain. lauren: back here at home, low unemployment does continue. we have a growing number of companies they're hiring high-skilled workers for jobs that aren't yet available so they don't lose top talent to the competitors. let's bring in jacob jimkowitz, general manager, forgive me the pronounce united nations of you- pronunciation of your last name.
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is this a trend or something you're seeing here and there where companies saying we love your skillset, come on-board and we'll find something for you to do. >> lauren, i would you say withe growing landscape around talent, we're seeing this as more of a trend, especially high niche roles, digital, tech, initial al intelligence, we're seeing a lot more companies hiring opportunistic hires, looking at talent, saying let me find a role for you. lauren: what does this say about the job market overall as we await the job numbers for february. we had a blockbuster january jobs report, over 300,000 jobs added. what does this say about the labor market? >> i think there's definitely a crunch on talent right now, especially for high niche roles, specialized roles. as the job market tightens up, i would say people with niche talents they get to control their careers and have a lot of
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opportunities in front of them. lauren: good for wages? >> i would hope so. lauren: they get negotiating power if you're hiring me even if you don't have a job for me right now. does this say anything about the millennials who might be more tech-savvy, that might want to work for silicon valley type company, does this say anything about other industries trying to seek that talent out before someone else gets it out in california or something like that? >> absolutely. so you think about gig hiring right now where individuals are not looking for full-time employment, they're looking for gigs. you think about individuals that have to tighten up their edp and brand. so why come work for you as a company? the millennials are really, truly looking at changing the talent landscape because of the talent they're looking at, their competition around digital and artificial intelligence, it's definitely. lauren: you have your pulse on
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the job market, jacob. i'm curious on some of these thoughts like universal basic income or the green new deal, part of it that job for all, that job guarantee that's been he'eespoused by so many on the , your thoughts on whether it could work? >> i think it's worth a shot. i think it's worth a try. could it work in certain areas, certain markets? could be. i think time would only tell. lauren: all right. jacob, thank you very much. we do have a reminder for everybody to tune into "mornings with maria" for the jobs report tomorrow, 8:30 eastern time. ashley: it will be a big one. president trump always happy by the way to tout the low unemployment under his presidency. one thing he's not happy about this morning, the dnc, the democratic national committee saying its candidates will not hold a presidential primary debate on fox news. the president slamming that decision late last night, tweeting democrats just blocked fox news from holding a debate. good. then i think i'll do the same thing with the fake news networks and radical left
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democrats in the general election debates. fox news also responding in a statement, saying we hope the dnc will reconsider its decision to bar chris wallace, brett behr and martha mccallum, all of whom em body the ultimate journalistic intel gritty and professionalism from moderating a debate. joe biden may be part of the debates. charlie gasparino reporting he is all but certain to announce his candidacy in the next month. gasparino broke the news yesterday on cavuto coast to coast. >> it would have to be something in his monumental, he would have to wake up and say something like a bolt of lightning struck him for not running. so that's essentially what he is telling his wall street advisers. ashley: for more on what a biden run would mean for president trump, let's bring in
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white house reporter, gabby orr. thanks for joining us early this morning. what do you think? is it all but certain that joe biden's going to jump in. >> all signs seem to be pointing in that direction. if you look carefully at what he's been doing over the last two months, he's been of staffing up in places like iowa and newampshire, making new hires. we reported yesterday that he made a key campaign hire, installing somebody at the top of his would-be campaign if he dozen tear the race, who has significant ties not only to clinton world but also is well respected in the a latino community. he seems to be taking steps that indicate he is going to enter the 2020 fray, as soon as this month, if not next month at the latest. ashley: he's an old school moderate democrat. how does that appeal to a party which is clearly seeing an up-surge in the a ocs, the
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people touting socialist ideas. seems that joe biden is out of step with that part of party. >> it's one of the most interesting questions of i think 2020, heading into what is like throw be a pretty grueling democratic primary where if joe biden jumps in you will have this sort of candidate that appeals to wall street, individuals look at him and think he can inject economic sanity into a democratic party that is just tacking more and more to the left but how he gets through a primary against all of these opponents, people like bernie sanders who is touting medicare for all, kamala harris who is agreeing with it, all these candidates making promises about free college tuition and whatnot, it remains to be seen whether that has appeal among democratic voters. right now, the polling shows that it certainly has some level of support. there's a poll out yesterday in florida that showed joe biden at
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26% support among democratic voters which is 15 percentage points more than the next most popular candidate, being bernie sanders. p i think he enjoys a base support right now that cuts across all demographics, age, race, religion, ideology, and that could propel him very far in a democratic field. ashley: very quickly, gabby, he walked back his comments about vice president mike pence. he said he's a decent guy. he gotvill got vilified by peops own party and then he walked it back. >> that's a signal of what it will be like if he enters the democratic pry mayor rim he's going to be under constant pressure from other candidates and from democratic voters to not say anything kind or nice about the trump administration. ashley: such is l politics today. gabby, s thanks so much. lauren: let's get to other headlines making news this morning. the air force is responding
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after senator martha mcsally revealed she was sex wallly assaulted by a superior officer in the military. an air force spokesperson saying in part, we are appalled and deeply sorry for what senator mcsally experienced and we stand behind her and all victims of sexual assault. she said she state silent because she didn't believe in the system at the time. nancy pelosi recently said she didn't think omar's comments were intentionally antibiotic semetic. the resolution is not on the official house schedule for today. and as far as her seat on the foreign affairs committee, the chairman of the committee says he is nowhere near close to removing her. las vegas could be the future city to take on elon musk's underground loop transit system. musk's proposal to build, quote, underground people movers has been accepted and if approved, the underground people mover could be up and running by the
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year 2021. so two years away. and say good-bye to the chevy cruz, this one right here. the last one to roll off the assembly line. it happened yesterday afternoon at the ohio plant, after 52 years of cranking outs more than 60 million new vehicles, the general motors assembly plant is now shut down, 1700 workers without jobs, many of them pretty emotional as you can imagine. ashley: indeed. coming next, the future of healthcare, washington can't agree on how to reform the system so should we leave it to the states? our next guest says yes. the italian government is giving away free money. why not. they're already bankrupt. some democrats want to put a similar program in place here. could that spell the end of american prosperity as we know it? we'll ask that question. you are asking "fbn: a.m.." ♪
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lauren: italy's populace unveiling a new welfare program. the so-called citizens income gives eligible residents prepaid debit cards. in exchange they have to enroll in a job finding and job training program. economist peter mauricey joins
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us now. what do you think? >> they'll have to bore he row more money to do it. no one is willing to lend it to them. i don't see how it's going to work. this is a great test of aoc's notion that we can print money and do whatever we want. if you pay people not to work, you're going to get a lot of people not working. lauren: that is true. >> true. welfare. lauren: why work when you have a prepaid debit card. italy has put their idea -- put restrictions on that. it expires after a certain amount of time. have you to prove you're trying to get a job. you can't turn down a certain number of jobs. in italy or maybe in finland where this failed or canada or somewhere else, even right here in the u.s., does the solution, if you will, really expose the problems in the economy that they're trying to fix? >> well, in italy it exposes the problems. they have high unemployment. because they're in the eurozone they can't get out of their mess. the currency's terribly over-valued for italy.
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in some ways i have sympathy for the unemployment in italy. i don't have a lot of sympathy for the unemployed in america, with 3.8% unemployment and the president providing job training and internships across the country in a variety of industries, privately funded, pay $15 an hour, after a kim years you make 55 to $60,000 a year. the only reason for not being successful in america these days is not wanting to be. lauren: you know, should we adopt something like this? i know a lot of the democrats with their names in the ring for 2020, do you get this universal basic income and then would you also get some of the other safety net and social programs that are out there? >> well, it's kind of hard to see we could provide both financially unless we ran the printing presses. this is not about buying people economic security, it's about buying their votes. when i was a graduate student, allegedly the democratic machine in albany back in the '70s would give out $20 bill on
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election day in poorer neighborhoods. i don't know whether that was true or not. we used to hear stories about that. i think for america's sake, let the fed print $100 bills, let the democrats hand them out on election day, because that's cheaper than what they're proposing. lauren: you write let states experiment on health care. what do you mean by that? >> let's face it, the democrats are not going to get a single payer system unless they get 61 votes in the senate. the republicans can't manage to repeal obamacare because they can't decide on what to do when they had a majority. the states, those run by predominantly by republicans and super majority democrats are going in opposite directions. california wants to reinstitute you have to buy health insurance, the mandate. other states don't. let the capitalists and socialists compete. give them the money and let them
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implement these separate systems and see which way works best. lauren: and in many ways the 2020 election is going to be just that. peter, thank you for your time this morning. >> take care. ashley: free money always sounds good, let's be honest. take a look at u.s. futures. sea of red, we talked about this, u.s. futures down, dow off about a third of a percent, down a quarter of a percent for the s&p and nasdaq. it has not been the most memorable of seasons for lebron james but last night he finally accomplished a life-long goal, surpassing an nba legend. we'll get into that. and you may want to bring some extra cash if you're planning on heading to one italian city, speaking of italy. how you could face a $2,000 fine for your shoes. lauren: do they have to be italian. ashley: they maybe have to be italian. we'll find out. you're watching "fbn: a.m.." ♪ pump up the jam, pump it up.
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♪ to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪
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ashley: welcome back. lakers fans finally having to celebrate. basketball history last night in l.a. lauren: jared max is here to tell us all about it. >> it was pretty cool to watch this and know this is basketball history and the implications. lebron james grew up idolizing michael jordan. lebron knew last night he needed only 13 points to pass his idol on the all-time scoring list. he said can't even front, this is going to be unreal. wow. man. >> gets it to james, lebron takes it to the rim and finishes with a left and he's fouled. the legend of lebron continues. he moves past his idol, m.j., for fourth on the all-time
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scoring list. >> lebron's jordan 3s, he wrote thank you m.j., 23. lebron needs another 1300 plus points to get to number three all-time, kobe bryant. lebron was humbled last night. he said i wanted kids to look up to me at 107 some point like m.. and it's crazy, to be honest, it's beyond crazy. the alliance of american football was forming, hopes were the league could serve as a minor league essentially to the nfl. well, aaf co-founder tells usa today things are ramping up in talks to allow nfl teams to loan their lower level players to the aaf. more coaching and experience there, potentially. alex trebek has been teaching us facts for decades, even about sports, as he did around one year ago to contestants who were in the dark about football. >> tom landry perfected the shotgun formation with this team. >> dallas cowboys.
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>> do you think we should go to commercial? [ laughter ] >> these penalties are simultaneous violations by the offense and defense that cancel each other out. they're called offsetting penalties. let's look at the $1,000 clue, just for the fun of it. [ laughter ] >> just for the fun of it. wishing alex trebek the absolute best. he's been a part of all of our lives. my mother texted me last night. she said part of those, the two shows the old people shows. i said those have been old people shows for several generations. i used to watch with my grandmother. lauren: we wish him well. ashley: jared max, thank you very much. don't forget, you can catch jared's sports reports on fox news headlines, 24/7 on sirius xm channel 115. lauren: keep it here because we have this story coming up. fined for wearing flip-flops, the vacation hot spot that's charging tourists $2,000 for a footwear foul. and if you don't want to deal
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with that, how about a vacation where you can sleep with your wine. tracee carrasco has the details next on "fbn: a.m.." she might be bringing the wine. ashley: let's hope. a little early. lauren: never too early. ♪ the world is mine. ♪ i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement.
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♪ ♪ lauren: italian city taking measures to ensure tourists. tracee: italian vacation might become a little more expensive, they could be hit with a fine of up to $2,000 if they're not wearing the proper footwear to walk-through the paths there
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because mountain rescue units, they are tired of rescuing people there, tired of help the unpreinternal-- unprepared tour, educate the visitors to make sure it's not your walk-in sandals, flip-flops, they want to make sure you are safe. lauren: high heels on the cliffs ashley: hotels, cruise ships, igloos, many hot vacation spots to stay but what about wine barrels. tracee: yes, at the quintda in portugal people called say in wine barrels, they are exactly what they found like, all designed by the owners, each
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barrel is 270 square feet, if you want to get both bottom of the barrel, there you go. $300 a night. not too bad. lauren: not at all. ashley: but it's a barrel in new york. lauren: hopefully comes with free wine. tracee: lots of wine tasting. i did not bring any samples. have to go to portugal. ashley: thank you, tracee, appreciate it. lauren: mornings with maria starts now. maria: hello there ashley, hello there, lauren, thanks for joining us, i'm maria bartiromo, happy thursday to you, thursday march seventh, top stories before 6:00 a.m. on the east coast, push for privacy at facebook, ceo mark zuckerberg is shifting focus to private communication, the details on major strategy share for the largest social network.
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huawei making official this morning, will file a lawsuit against the united states saying congress acted as judge jury and executor. closing ohio plant, what it means for workers there as the white house focuses on jobs in america this week. last one standing, there's one remaining blockbuster store in the entire world, find out what it is exactly coming up right here right now mornings with maria begins right now. ♪ ♪ maria: welcome back, markets are watching china and u.s. trade talk for any progress this
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morning. futures indicating we are seeing lower opening, futures indicating dow industrials will open down 70 points, one-third of 1%, s&p 500 down 15. record of $891.3 billion excluded services, joining me to talk markets market strategists, michael lee, michael, good to see you this morning. what do you want to focus on here in termination of the china deal, the fed, ecb coming up. >> what i think is most important is manufacturing in the u.s. half a million manufacturing jobs in the last 2 years, nothing short of remarkable. what everybody is missing multiplier that will take effect in the manufacturing, every manufacturing job is responsible for 2 to 4 other j

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