tv FBN AM FOX Business March 27, 2019 5:00am-6:00am EDT
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heren tonight. good night from new york. ♪ ♪ lauren: here are your market movers at 5:00 a.m. brand-new trouble for boeing, a 737 max jet is forced to make an emergency landing. as u.s. regulators gear up for a grilling on capitol hill today to see how these planes were ever cleared to fly. call it the green no deal, alexandria ocasio-cortez's cry y climate change deal didn't go well. president trump says he wants to overturn . are you tired of hearing millennial phrases like bae or on-fleke. the list of the most annoying
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phrases americans want to ghost. get it? it's wednesday, march 27th. "fbn: a.m." starts right now. ashley: here's how your money is moving at 5:00 a.m. u.s. stock market futures taking a look, essentially flat to slightly higher. the dow showing a gain of 4 points at this time. take a look at europe, we've got big votes on brexit in the u.k., the ftse higher, by a tenth of a percent, the cac and dax in france and germany slightly down. overnight in asia, let's see how the asian markets have been doing, a mixed bag, the nikkei and kospi down, shanghai and hang seng slightly higher. lauren: you're looking on fleke today, it's a compliment. good morning, i'm lauren
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simonetti. ashley: i'm ashley webster. lauren: a boeing 737 max jet forced to make an emergency landing yesterday in orlando due to an engine problem. the airline says no passengers were on-board and the incident was not related to the anti-stall software. the southwest plane was being flown to california. that's where the airline is storing the planes after the grounding of the 737 max earlier this month. boeing is set to unveil a software update o for the jet today, as u.s. regulators will be on capitol hill today to answer questions from a senate panel on the sift our aviation industry. we'll have a preview later in the broadcast. ashley: alexandria ocasio-cortez global warming bill went up in flames. the senate voted a 57-0 against a procedural motion to take up
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the resolution. most democrats, though, voted -- well, they just said present to protest the gop action. republican senator mike lee slamming the green new deal. >> this is a picture of aquaman. under the green you ne new deals probably hawaii's best bet. there is the goal of, quote, fully getting rid of, i'll paraphrase here, flatulating cows. if you think the cows smell bad, wait until they get a whiff of the sea horses. lauren: alexandria ocasio-cortez says the gop climate delaying is costing lives and destroying communities. many in the midwest are catastrophically flooded right now in one of the major climate change disasters of 2019.
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we wanted to show you this, this billboard in times square, new york, from a conservative adequacy group, the billboard says aoc, got the green raw deal blues after that senate vote, maybe no one liked the $93 trillion price tag. you see the cow over there on the right side of it. ashley: i do. it's kind of cues. lauren: you'll see that on your commute to work this morning if you work in manhattan. ashley: british lawmakers will begin voting on other options on the country's exit from the e.u. last week, the e.u. granted britain a delay to the scheduled march 29th exit day. meanwhile, the scottish parliament is expected to formally support calls from britain's exit to be canceled all together in a vote later on wednesday. lauren: this story just keeps getting better and better. president trump and gop lawmakers are pushing to win congressionalal support for the
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u.s., mexico, canada trade deal. trump trying to sell the agreement yesterday. first, lawmakers want the administration to lift tariffs on steel and aluminum imports from canada and mexico which are hurting the agriculture industry. the heads of steel companies will be on capitol hill today to discuss the state of their industry. this comes as steven mnuchin and robert lighthizer travel to china for high level talks on the trade deal with beijing, that is tomorrow. ashley: here are some other headlines making news this morning. prosecutors facing stiff backlash after dropping all charges against actor jussie smollett. chicago's mayor and police chief raising questions about why smollett wasn't held accountable for allegedly faking an attack on himself to gain attention for his acting career. prosecutors said smollett agreed to let them keep the bail and
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perform community service. an investigation into a death threat letter the actor supposedly received prior to the alleged attack has been handed over to the fbi. apple and qualcomm each claiming victories in their t patent licensing dispute. the u.s. international trade commission ruling that apple did not violate a battery saving patent held by qualcomm, evidence ebbineffectively overta judge's finding on that last september. in a separate patent case, another judge ruled against apple and recommended a limited ban on iphone imports. that recommendation is still subject to review by the itc and potentially by the trump administration. the european parliament unnerving big tech companies yesterday. lawmakers approving changes to copyright law that's could force tech companies to be legally responsible for the content that users upload to their websites. supporters say that law is needed to force companies to pay for the content they share online but critics say it could lead to censorship.
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facebook cracking down on fake pages. the site said it removed more than 2600 pages, most of them linked to russia. the accounts were removed for spamming, some were set up to spread content related to ukraine. twitter is warning users about a viral prank. the trick tells users they can receive privileges or unlock twitter schemes if they change their birthday to 2007. those who do are locked out of their twitter page for being too young. you can contact twitter support to get your account back. that's what's happening now. lauren: do people really fall for that stuff? ashley: apparently so. lauren: it's pretty amazing. ashley: it's like i want to he see what the color schemes look like right now and they do it. lauren: there's a lot going on, investors are not sure how to react this morning. we have up arrows, the dows up 14 points, s&p up 3 and-a-half,
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nasdaq up 13 this morning. there's direction in the constant talk on the street now is -- ashley: well, the big issue -- lauren: is the global economy slowing down. ashley: and also the china trade issue and lighthizer and steve mnuchin going to beijing. we'll be talking to a guest on that later who says the only time anything gets done is when the presidents themselves, trump and xi, get together and talk. we're told we're that much closer to getting a deal. lauren: there's a record 3700 apprehensions along the southern border in just one day. 100,000 expected this month alone and 107,000 illegal immigrants released into the u.s. since december. yet democrats are l still furious over how the pentagon plans to fund border t security. ashley: lee happene leland vie in washington where the acting defense secretary was grilled by lawmakers. leland, good morning. >> reporter: good morning to
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you. that $1 billion we're talking about will pay for 57 miles offensing. it's unclear exactly what pentagon budgets would be affected but some of the money comes from a counter narcotics account. congressman adam smith said in a statement, congress has trusted the department with this tool to give them additional flexibility to manage day-to-day operations. dod's recent notification of its intent the to use that process to reprogram $1 billion without congressional approval is a violation of that trust. here's the acting defense secretary, saying it's worth it. >> we understand the significant downside of losing what amounts to a privilege. i've been deliberately working to be transparent in this process. fully knowing that there is downsides which will hamper us. >> reporter: the decision comes after the final house vote on veto override, the bill against president trump's emergency declaration to build the wall.
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final vote totals, 248-181 in favor of the override, short of the majority needed. those on the border continue to ring alarm bell. border control recorded more than 3700 apprehensions along the border yesterday. broader scale, from the dhs secretary's report, 76,000 illegal immigrants apprehended or deemed inadmissible in february, 2,000 aliens apprehended every day at the southern border and border patrol apprehended 268,000 since the beginning of the fiscal year, that's up 97%. pentagon money isn't the only military asset helping on the border. u.s. troops remain there, helping with surveillance and there are reportedly plans for more u.s. troops to come. lauren: leland li vittert thank
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you very much. still ahead, healthcare is a big issue for 2020. a renewed fight in washington over obamacare, democrats want to strengthen it and president trump wants to overturn it completely. what this means for the race for the white house. and another fight we keep hearing about, minimum wage, but what if it grew at the same pace as wall street bonuses. the astounding findings just ahead on "fbn: a.m.." ♪ wake up, america. ♪ we're all in this together. ♪ it's our home so let's take care of it. ♪ you know that you want to. ♪ you know that you've got to. i'm working to keep the fire going
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this is decision tech. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. ashley: guess what, the war over obamacare back in the spotlight. lauren: here we go again. blake berman has details from washington. >> reporter: now that the mueller report is over, the white house is arguing it's time to move on to the issues, a new yet familiar one has suddenly
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reemerged. healthcare. late monday, the department of justice revealed it's taking the stance that the affordable care act should be repealed in its entirety. before he met with senate republicans for lunch on tuesday, president trump seemed comfortable trying to once again take on overhauling healthcare. that drew a colorful response from chuck schumer. >> let me just tell you exactly what my message is. the republican party will soon be known as the party of healthcare. you watch. >> if that is true, god help middle class americans because donald trump wants to raise the cost of prescription drugs, get rid of protections for pre-existing conditions, throw 10s of millions of people off healthcare and tell 21 through 26-year-olds they can no longer get healthcare from their parents' plan. >> reporter: house democrats introduced a plan to rescue the affordable care act and they seemed invigorated on being able to contend that republican's desires to repeal obamacare
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means they want the to strip away pre-existing conditions. it's part of th issue that helped flip the house from red to blue last november. back to you in new york. la blake berman, thank you very much. we ask what does this mean for the 2020 election. we bring in siraj hashmi of the washington examiner. blake started his piece, he said with the mueller report now behind president trump, why is healthcare once again becoming the issue and is it tone deaf. >> what's interesting about this, it's almost like scoring a touchdown or the go-ahead touchdown with about two minutes left in the game and giving the ball pack to the democrats who have enough time to score and maybe even win. so yes, there's certainly time on the republicans' side to
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basically make amends here because this is going to be a rallying cry for democrats running for president in 2020 and according to the a.p., at least in the 2018 midterm election, nearly four in ten americans who voted who said healthcare was a top issue for them. lauren: let me advance that for you. there's a a poll out that says that 55% of those asked say that they want to improve the affordable care act, they don't want to replace it. so is there a republican plan that we don't know about that is going to maybe get the ball back on the republicans' side when it comes to this key issue for voters? >> there was one thing that obviously that republicans want and that's a free market healthcare system. so that could come with the risk of obviously not as many protections or regulations that we saw under obama care. so say, for example, the ban on basically not covering people with pre-existing conditions, that is the issue right now at
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hand that the doj is basically agreeing with from the texas judge who ruled obamacare unconstitutional. and so that's basically the fight right here. so democrats definitely have a lot of fodder right now to basically turn this attack against republicans and say, hey, you're trying to basically strip all these people of their healthcare. lauren: then there is howard schultz, listen to what he told maria bartiromo yesterday. >> the president comes out and says he wants toker rad date the affordable care act. for the last nine years the republicans have been saying that without any plan to replace it while the democrats are talking about medicare for all, which will cost $30 trillion. what we need is common sense approach to solving healthcare. lauren: we just gotten rollment numbers for -- got enrollment numbers, down for the year. that could juice up premiums. what should we do? >> the individual mandate from
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the 2017 tax law was basically zeroed out. there's no penalties on people who don't participate in the affordable care act. so howard schultz brings up a good point. there should be some middle ground here. completely stripping away obamacare through the courts isn't the way they should go about doing it. they should go through congress so they can come up with a proper resolution to this and if republicans are really passionate about finding a replacement, they should bring that forward. lauren: thank you very much. >> thank you for having me. ashley: still ahead, president trump pushing for his new trade deal with canada and mexico. but the question is, can it get by a divided congress? and get this, if you love march he'll veamarvelmovies and want o binge watch them all day, we may have found your dream job. keep it here on "fbn: a.m.." we'll be right back. ♪ don't go higher. ♪ your desire.
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while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ brighthouse financial. dear tech, let's talk. you blaze trails... but you have the power to do so much more. let's not just develop apps, let's develop apps that help save lives. let's make open source software the standard. let's create new plastics that are highly recyclable. it's going to take input from everyone. so let's do it all, together. ♪ ♪ let's expect more from technology. let's put smart to work. is it to carry cargo... greatness of an suv? or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground?
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♪ all i want to do is have some fun. ♪ i got a feeling i'm not the only one. ♪ all i want to do is have some fun. ashley: you're not the only one. we all want to have fun. lauren: 5:00 a.m. ashley: what would the minimum wage be, i often wondered this, what would the minimum wage be if it climbed at the same rate as wall street bonuses. lauren: tracee carrasco, what would it be? tracee: we'll get to that. according to a new report, wall street's profits last year increased by 11% compared to 2017. on the flip side, bonuses for those workers, they fell, they
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dropped by about 17%, to an average, about $153,700. lauren: that's the bonus. tracee: just a bonus, nothing to cry over. but on the flip side, looking at a new report from another group, they're saying that if bonuses grew at the same amount for just the minimum wage workers -- lauren: 11%. tracee: 11%, yes, that would be increasing at $33.51, because the federal minimum wage right now is i think around $7. so if it grew at that percentage, you have these wall street bonuses increasing by about 1,000% since the '80s. they've only increased the minimum wage by about 116%. lauren: all right. ashley: now we know. lauren: speaking of big bucks, you have interesting ways you can make them. tracee: yes. two ways. if you can actually do them. so the first way, you have to lay in bed for two months, lay in bed, you'll be able to make
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-- ashley: i'm good at that. lauren: i'm not. bed sores. tracee: this is tough, $20,000 for two months. this is new testing from nasa and es a a, they're trying to test how the benefits of arrest artificial gravity would work for these long-term space hauls, because for the astronauts being in space for a long time, it takes a toll on their bodies. so they're trying this out. you have to lay in bed. the only time you'll be able to get up is to go to the lab for some testing. so -- ashley: and the bathroom, i would hope. tracee: i don't know about that. lauren: shower at least. can you watch netflix? tracee: you possibly could. the other way is to watch all of the marvel movies, all 20 of them, nonstop. this is something from cabletv.com. they're going to pick one person to do this. you would be paid $1,000 to do that. but you can not stop. that's about 40 hours of marvel movies, you have to watch them in chronological order. this is to promote the avengers
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end game. which is coming out. lauren: what do you think? i couldn't do it. ashley: i think i could give it a go. 40 hours, that's a long time. tracee: you also have to post on social media. there's that. 40 hours, that's a lot of marvel. lauren: i can see a lot of people signing up for that one. ashley: i'll lay in bed 6789 appreciate it. lauren: airline regulators are testifying over safety concerns with the boeing 737 max jets. can what they say today make passengers feel safe again? and, anti-vaxes linked to a measles outbreak in new york are now being banned from all public places. we'll have details straight ahead on "fbn: a.m." ♪ shot through the heart and you're to blame. ♪ you give love a bad name. ♪ i played my heart and you play your game. ♪ you give love a bad name.
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ashley: let's get you caught up on the global market action, beginning with u.s. futures, gaining upward steam, the dow up 33 right now, the dow and pass dabbing also up slightly higher. over in europe, we've seen the ftse moving higher as now the cac and the dax have also turned it around, modestly so, up about a tenth or two tenths of a percent i in europe. the nikkei and the kospi are slightly lower in action today. lauren: airline regulators are on the hot seat on capitol hill today. they're going to testify before a senate panel after two boeing 737 max jets fatally crashed. oliver mcgee joins us now. good morning, oliver. >> good morning, lauren. lauren: bottom line this for me. what kinds of changes do you see potentially coming from the federal aviation administration after this hearing today? >> i think the big take-away today is more deeper oversight.
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they're going to be looking very closely on how fa the faa is certifying new aircraft, particularly working closely with boeing. but basically not letting the bofox control the chicken coop. i think they'll be looking more closely to seeing how boeing is actually getting back to the business that it's been known for, for the 737, which is maneuverability and also looking to make sure that you have the belts and suspenders and the buckles of safety redundancies in the new software patch so that pilots can know, even having some type of display inside the cockpit, of the angle of attack while they're climbing, if the mcat is on and that is usually about 14 degrees angle of attack and with modern aircraft, that can get as high as 20 degrees angle of attack. the pilots need to see what the
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angle of tack is, happening real-time, so they can maneuver the aircraft. when the auto pilot is on. mcast is off, so pilots have the option to pursuant on the auto pilot but they need to know when. lauren: reports say boeing does have a fix for that system and it might be ready at the end of this week, believe it or not. my question to you is, let's say the faa approves it and i want to he know about how that approval process would now happen after these two fatal crashes, but would other nations, would they do their separate approvals at this point because they don't trust the faa? >> you're absolutely right, lauren, and well-said. i think that when you look at the safety agency of europe, that's the european aviation safety agency, they're going to be looking with r thei their own certification and alongside faa they're going to want to get the transparency disclosure
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information, also working with boeing officials as well. but again, they're going to want to see how much did the pilots know going on in the cockpit with the software patch and at the same time how are these pilots being trained? i think we are also going to be looking at the two agencies that look at aircraft crash investigation like the united states ntsb and the french bea, they'll tell us what's going on with lion air and ethiopian air. that will be in the process of certification going forward. lauren: thank you for getting us up-to-speed. >> thank you for having me. ashley: now this story, high level trade talks between the united states and china set to resume this week. treasury secretary steve mnuchin and u.s. trade representative bob lighthizer are due to visit beijing tomorrow and friday. our next guest says a deal is only going to get done when president trump and china's president xi actually meet.
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riley waters is a policy analyst at the heritage foundation. good morning to you, riley. yes, i agree, the deal's only going to get done when the presidents meet but surely the groundwork has to be set up and we're still grinding on with that. are we close to the presidents meeting and getting this done? >> you know, it's really hard to say. the negotiators aren't really releasing a whole lot of information on the progress of the deal. they've been positive, saying they're close to a deal. again, it is going to take a meeting of the presidents and there's a lot of questions of when that's going to take place. robert lighthizer recently had an interview on npr. he was pretty positive that they're making progress. of course, the sticking point has been enforcement, how do they get china to make sure they're abiding by the agreement. but, yeah. ashley: that's true, riley. that's often come up as the biggest hurdle. we've heard there's going to be some sort of multilayered enforcement system whereby rather than just relying on china saying no, we're not doing
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this anymore, i find it hard to believe that china would allow that much intrusion into their day-to-day business and i'm sure that is not going to be easy to nail down. >> you're certainly right. i mean, what robert lighthizer has proposed so far is a system that gives ustr discretionary authority over tariffs, the ability to unilaterally apply new tariffs or reapply tariffs on china at its own discretion. so the chinese might not be so willing to allow this to happen, it's definitely a question of potentially chinese sovereign rights and one thing they talked about is they don't want china reciprocating if they do this either which can be diplomatically tough. ashley: yeah. the china, to get a deal, has to be seen to get something out of this as well, to be able to walk away without losing face and we know the u.s. president is quite happy to walk away if he's not happy. that i think is a difficult line to walk.
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in other words, to get a deal that has any substantial merit to it, by also a allowing the chinese to walk away and at least take some of the credit. >> one thing i've been saying is, if the president wanted a purchase agreement, he could have had that six months ago, right. they are trying to get a real deal. but certainly saving face is a big sticking point, even just for getting the meeting of the presidents. president xi doesn't want to come here and continue the negotiations. the only reason he'll come to the united states is to sign a final deal. ashley: we'll see whether that happens any time soon. riley, thank you so much for joining us this morning. appreciate it. >> thank you. lauren: let's get to other headlines this morning. a state of emergency in rockland county, new york over a measles outbreak linked to anti-vaxer patients. there are 153 confirmed cases of measles in the county. it is just north of new york
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city. elon musk's contempt of court case is set, april 4th, a federal judge in new york will hear arguments in the securities and exchange commission's claim that a tweet musk posted in february violated terms of a previous fraud settlement. the s.e.c. says the tweet was improper because musk did not get advanced approval from tesla. michelle obama close to setting a record, her member yo memoir d nearly 10 million copies, already the second highest selling biography by printed copy sold in the us. it's your chance to turn two bucks into $750 million. tonight's powerball jackpot is the fourth largest in history. if someone picks the lucky numbers they'll get the lump sum of $466 million before taxes. we always like the to tell you your odds of winning. they're not good. but there is a chance. one in 292 million.
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ashley: i don't care. i a may not be here tomorrow morning. i'm putting you on notice. lauren: do you have a strategy? ashley: quick pick, let the computer pick. if i don't see you tomorrow, good luck. let's check the premarket action this morning. take a look at the futures board, starting to push a little higher, the dow up 36, the s&p and nasdaq up about a quarter of a percent. all right, still ahead, pulling up to lyft's ipo, details on how the ride share company's boosting its value before it goes public. and the classic movie titanic, oh, yes, gets an interesting makeover from a hollywood odd couple. lauren: this is great. >> ashley: more on the hill layer russ video coming up -- hilarious video coming up on "fbn: a.m." us as people.
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or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. lauren: the lyft ipo is coming at the end of the week. it's expected to price its stock above the previously targeted range of between 62 and $68 a share. that happens tomorrow. it means the company would be valued at more than $23 billion. the shares expected to begin trading on friday. doug flynn of flynn zeto capital management joins us now with his perspective on ipos. doug, reportedly the lyft ipo is oversubscribed. why? where's the profit? this is another unicorn looking
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to come to market. >> everybody's so familiar with both lyft and uber, i think that's where all the demand it. everyone is excited about it because they get it, it makes sense. lyft alone lost $1 billion last year and actually lyft and uber combined in the last three years have lost $15 billion. and so i'm just looking at lyft and saying uber is five times the size of lyft and it isn't profitable so even though lyft touts all they growth rate that it has and that's a good sign, where's the evidence of profitability. lauren: should investors stay away? we're seeing a lot of ipos about to come to market. many are not profitable. investors should stay away? >> in the long-term, a company has to be profitable to survive. amazon's a good look at how long they ran negative earnings and pro forma earnings. here's the thing. many ipos come out, pop, and then three to six months later are below their ipo price. take a look at facebook as an
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example. so there's opportunities even if you don't catch the ipo. you do not want to chase something that you can't put a number on fundamentally that makes any sense from a valuation perspective. i can't get the details to say how is this going to become profitable in the long run. lauren: let's talk about apple. they had a big announcement earlier this year but two days of 1% losses, would you buy apple here? >> apple -- below 200 i think it's okay. they have problems with the iphone sales, this year it's probably going to be down a little bit, next he year maybe it stabilizes. they have to shift to other businesses and create recurring revenue. that's what they're doing. the subscription based services are about recurring monthly revenue. that's the name of the game here. you can't keep selling things that people are buying less of. i think they can figure it out. they have a lot of work to do to shift to that type of model. so i think it's not a great, big buy here. but below 200 it's okay, i think. that's the way i look at it. lauren: do you forgive apple in the sense that it seems there's
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an industry problem in not having the next wow factor for hardware. >> there definitely is. if you're not going to come out with the next big wow product you have to do other things. that's what they're trying to do. the name of the game in long-term business is all about recurring revenue, how do you create something that you can count on on an ongoing basis and that's where they're focusing. they know they don't have any next great thing coming out. lauren: there's a cool story i want to discuss with you. a gee whiz type story. ups is delivering medicine via drone, they're able to do so in three minutes instead of 30 minutes. they've beaten amazon in getting the technology out. your thoughts? >> score one for ups. everyone else has been talking about it. that's the kind of company ups is. they're doers. they're basically a bunch of people that work hard and they add the technology onto it. versus technology first company. they have a ton of technology, don't get me wrong. they're really more about working things out and that's what they've done here so score
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one for them. i think it's a great opportunity. that stock has got a lot of room for upside. lauren: it sure does. doug flynn, thank you very much. >> thanks, lauren. ashley: big news for housing that could make it harder for you to get a home. details coming up. then, we've got this. >> dude, bringing back the mohawk. good for you. ashley: we've got the totally gnarly list of athin annoying ws that people are ghosting. it's totally rad. lauren: totes. ashley: whatever. ♪ make him express how he feels and maybe then you'll know your love is real. ♪ long stem roses are the way to your heart. ♪ but he needs to start with your head. n all day, every day. that's what 24/7 means, sugar. kind of like how you get 24/7 access
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ashley: we are keepin keeping e on home builders. lennar is expecting earnings of 75-cents per share with revenue coming in around $4.1 billion. this after k.b. home reported mixed results last night, beating on earnings but missing on revenue. meanwhile, the census gauge on new home construction declining sharply last month after posting l solid gains in january. february housing starts also dropped almost 9% from january. so maybe some weakness in the housing market. joining me now is rogers heely. thank you so much. rogers, for joining us p. it's worth noting the government shutdown was still in effect in february and probably impacted the numbers. what do you think the latest numbers are tellings u telling e
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housing market right now? >> my initial thought is they're still big numbers and to go down, even if it's a 10% dip, it's still relative to where we were two, three, 10 years ago. the numbers are still massive. it's still showing there is a demand. but yeah, it's starting to slow down just a little bit. ashley: so overall housing starts may have fallen but one place that hasn't shown that is what they call the exurbs, the area just out of the city and we're seeing growth there. what do you make of that? what's the difference between the exurbs and the suburbs? >> yeah, so a couple years ago i started saying the rule of real estate has always been location and i thought it was going to shift to affordability. this is proving to be true. so, yeah, the exurbs to me, if the suburb is outside the bull's-eye the exurb is one layer out. it goes down to affordability and what people can get into which is harder and harder. ashley: the key is getting a mortgage and the fed is cracking down on risk eave mortgages.
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they're going to apply a more strenuous testing process on mortgages after march 18th. they don't want a repeat of the housing crisis, nor the bad more gangs. what does this mean for lower income families? >> lower income families are probably first time home buyers. it does affect them with an faa loan, with a lower down payment. it's going to add to the difficulty of buying your first property, which maybe th the exurbs, we're going to hear a new word we haven't heard of before. it will make it more difficult. people have to have a place to live. rent rates are doing this and so are home prices. there's multiple charts that show that owning a home is cheaper than renting. we'll have to figure it out somehow. ashley: has the inventory situation improved? we were told prices were higher because there were not enough people selling their homes. has that eased a little bit? >> a little bit. the problem is, land prices have
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also increased. this is economicking 101. there's not a lot of supply but there's a lot of demand everywhere, not just a hot market like dallas, detroit, cleveland, cities like that, there's not enough inventory for people looking for it. ashley: thanks for joining us this morning. lauren: coming up, it's an unlikely love story, snoop dogg and martha stuart, check this out, their bizarre remake of a hollywood classic. and it's true, trill, ashley. americans are throwing shade on millennials for using words and phrases that are totes not on fleek. you won't believe the stuff that millennials and also older americans are actually saying. ashley: i don't believe it. i don't understand it. lauren: i did a lot of research for this segment. ashley: well done. ♪ everybody's got a hungry heart. ♪ everybody's got a hungry heart. ♪ you lay down your money and
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♪ ♪ lauren: you know the song and you know this iconic scene from the movie titanic but two stars have taken it to the next level. total next level. ashley: we will tell you how, tracee carrasco with more on that. >> pair of friends, snoop dogg and martha stewart. they have recreated the most iconic scene from the movie titanic but in a twist we have martha stewart playing role of
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leonardo dicaprio and snoop dogg playing kate, my heart will go on, they are on the front of the boat, with the arms flying out, take a look. >> martha, i'm fine. tracee: but instead they are in the kitchen promoting new episode of martha and snoop's pod luck, april 3rd. ashley: hilarious, they make a good comedy dual. i love martha stewart. come on, now this story, a poll came out showing america's topmost annoying slang words. tracee: yes, the most -- the top 5, most annoying slang words goat which stands for greatest
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of all time, bay, hangry, gucci, you're doing okay or ghost when you stop communicating maybe with someone you are in a relationship, now, not all -- not everyone understands these words, 57% didn't know it was bad to be ghosted. [laughter] ashley: i have no idea. lauren: i actually looked it up. i looked upmost of the words. tracee: lit, woke, turnt. lauren: yeah. what happens then nonmillennials
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like ashley and maybe you use these words, we found a little funny, i think, according to this poll by one poll, they found that by the age of 43, the majority of people think they are too old. >> 25% think you're too old to use words past 25. ashley: which makes it even worse. tracee: you use it incorrectly. that would be -- that would be -- lauren: i did not see cray on the list. ashley: i want to hear stuart varney stay treal. lauren: greatest of all time. anyway. ashley: that's cool, all right, every generation has its list, right, we gave some of those earlier, let's take a look at
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u.s. futures, since we started talking about these words -- lauren: the market flipped. ashley: do up 34 points. mixed start at the open. lauren: dfw, the feeling when the market wasn't doing what you wanted it to do. mornings with maria starts right now. maria: good morning, everyone, i'm maria bartiromo, happy wednesday, march 27th, safety in the sky this morning, senate holding a hearing today following the two deadly boeing crashes, what to expect from that transportation hearing as the 737 max makes an emergency landing in florida, racing toward ipo seeing strong demand as well as price shares above the change, last night details ahead of friday opening trade. green no deal, controversial plan for congran
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