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tv   FBN AM  FOX Business  April 23, 2019 5:00am-6:00am EDT

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us, "wall street journal"'s jame freeman. among our guests tomorrow, be with us, thank you for joining us, good night from new york cheryl: here are your market movers at 5:00 a.m. oil prices surging after the white house cracks down on countries importing oil from iran. gas prices already above $4 on the west coast. what the move could mean for prices at the pump in the coming months. well, some big promises coming from elon musk. he is he predicting tesla's self-driving cars will hit the streets next year, along with a fleet of robo taxis. but is this enough to turn the tide of a string of negative headlines and convince investors. democrats divided, speaker nancy pelosi trying to calm her party and pivot away from calls to impeach president trump as another 2020 democratic hopeful calls on congress to bring in
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hearings to oust the president. and have millennials foregotten about the great depression or even the great recession? 10 years ago. why they say they face more financial woes than any other generation. it is tuesday, april 23rd. "fbn: a.m." starts right now. lauren: here's how your money is moving at 5:00 a.m. u.s. stock market futures searching for direction, dow futures down a point. we have a mixed picture in europe. investors are looking ahead to new earnings reports and higher oil prices. the dax in germany is down 25. and a mixed finish to the day in asia. the nikkei in japan and kospi in south korea each gaining a fifth of 1%. the shanghai coul pos yo compos,
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losing half of 1%. cheryl: it is tuesday, everybody. welcome to "fbn: a.m.." good morning, everyone. i'm cheryl casone. lauren: good morning, everybody. good to see you, cheryl. i'm lauren simonetti. cheryl: oil prices soaring to six month highs as president trump ramped up pressure on iran yesterday. the u.s. moved to halt waivers to countries that buy iranian oil. lauren: let's get the story from blake berman in washington. >> reporter: we're told that president trump in concert with the secretary of state, mike pompeo, made the decision to no longer allow countries to import iranian oil or face sanctions because the president essentially was fed up with this waiver process he's. the state department contends that this won't have a severely adverse impact on oil prices. >> the kingdom of saudi arabia and the united arab emirates assured us they will ensure an appropriate supply for the markets. the united states is now a
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significant producer as well. i can confirm that each of those suppliers are working directly with iran's former customers to make the transition away from iranian crude less disruptive. >> reporter: they are down playing the link between possible higher gas prices and the performance of the economy. >> we produce so much oil, for producers, it's good news when oil prices go up and for consumers it's not necessarily good news but the balance is much more towards a net zero for oil prices than it used to be where it was clearly a negative for the economy. >> reporter: the five countries that have been using the waiver are china, india, south korea, japan and turkey. but the exemption ends may 2n may 2nd. the focus will be on china and india to see how those two countries respond. back to you in new york. lauren: thank you, blake. is president trump taking a
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political risk by moving to halt all iranian l oil. oil. we bring in mik phil flynn. big story today, another big movement in the price of crude oil, wti back at 66. is the political risk the president is taking, is that in the form of higher pump prices? >> it really is. and i think higher pump p prices are going to happen. we're seeing it right now in the futures price. this is coming at a time when gasoline prices normally go up anyway because of the summertime blends of gasoline. so i would say $3 a gallon national average is in our future. and it could even go higher, based upon how saudi arabia and united stateunited arab emirateo this. they say they will supply an adequate amount of oil but we don't know what that means until we actually see it. lauren: at the same time, iran is throat thin threatening to cy
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transit point for the oil. >> basically, that would be a suicide mission by iran and it would create a war situation. we're hearing that from the iranian national guard, which of course donald trump declared a terrorist organization already. most traders think they're just lashing out, they're going to be angry, but if they went to that, that would be like their nuclear option and it would really create sharply higher prices. lauren: but it could happen is what you're saying. >> you know, i doubt they would make it. i don't think they would be that stupid. but they may get desperate because if we really do get their exports to zero, their economy is going to crater. lauren: secretary secretary pompeo he said, look, we're relying on saudi arabia, year relying on the u.a.e. and our u.s. shale production right here in this country to fill the gap, to fill the void as we take the iranian oil off the market essentially. can our shale producers, can
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they get that oil out there? they've already cut back some of their spending. how quickly can they respond to fill that void? >> i think the earl yeas earlien respond is by december. there's a lack of pipeline capacity right now. it's going to take a lot of months to reverse the process where they've been pulling back a little bit. so it's going to take a few months. there's going to be more pipeline capacity coming on at the end of the year. they have a lot of drilled but uncompleted wells that could come online but it's not going to happen overnight. as far as saudi arabia and the united arab emirates, we're looking to them to raise production. of course, we all forget that donald trump kind of hood winked them into raising production last time. they may not be in a hurry to do it again. lauren: phil flynn, thank you very much. cheryl: breaking this morning, democrats are divided over calls to impeach president trump. they are also he focused on congressional investigations after subpoenaing a former white
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house counsel. lauren: griff jenkins live in washington with the very latest. >> reporter: good morning, lauren and cheryl. there's a drum beat growing louder on the campaign trail as another 2020 hopeful, senator kamala harris calls on congress to begin impeachment hearings. >> i think we have good reason to believe there is an investigation that has been conducted, which has produced evidence that tells us that this president and his administration engaged in obstruction of justice. i believe congress should take the steps towards impeachment. >> reporter: harris joins elizabeth warren in a handful of progressives, rashida tlaib and alexandrialexandria ocasio-cort. speaker pelosi holding a nearly 90 minute conference call with more than 170 democratic lawmakers where she acknowledged her party's divide over the issue but reiterated there are no immediate plans to move forward with impeachment, although she did not rule out the possibility. she said we should dow proceed n
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a path of finding the truth. it is important to know the facts can be gained outside of impeachment hearings. to that end, house judiciary committee chairman jerry nadler subpoenaed don mcgahn who we learned in the mueller report notably gave nearly 30 hours of testimony. how concerned is president trump about impeachment? here's what he had to say at yesterday's easter egg roll. >> are you worried about impeachment, mr. president? >> not even a little bit. >> reporter: congress isn't back until next week. we'll see if there are no subpoenas on the way or more calls for impeachment. lauren, cheryl. cheryl: seems to be growing as we speak. griff jenkins, live in d.c. thank you. lauren: we have new developments in the investigation into the horrific terror attacks over the weekend in sri lanka. the mastermind behind the easter sun i day bombings revealed to be an isis fanatic.
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more than 300 people confirmed dead. cheryl: we have rebecca london in colombo with the latest. rebecca, good morning. >> reporter: you srsri lanka isy much in mourning. it's a national day of mourning following the brutal attacks on churches and luxury hotels in the country which now the death l toll has risen to 310 killed and 500 injured. nobody has claimed responsibility for the attacks. there's a lot of fear in the country. we're seeing concerns about other attacks taking place with security forces, police being given the power to detain and interrogate suspects without court order, which hasn't been seen since the sri lankan civil war ended in 2009. the government has named the little-known jihadist group as
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being responsible for these attacks. some comments coming through from the government minister about this perhaps being a retaliation to the horrific shootings in new zealand where muslims were targeted recently. and there's also another point which has been reported, that the founder, the leader of this little known jihadist group is actually an isis fanatic. >> horrific wave of islamic radical terror bloodshed. we urge that any evil-doers be brought to justice expeditiously and america is prepared to support that. >> reporter: the real worry is that questions are being asked about whether something could have been done to prevent these attacks from taking place at all. there's information suggesting
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that the u.s. and india both gave intelligence to sri lanka, warning of potential attacks, and information suggesting that perhaps a rift in the government, in the political situation here between the president and the prime minister may have resulted in information not being shared. so there's definitely a lot of questions people are asking here as they try come to terms with these horrific attacks. lauren: the numbers, rebecca, are just startling, of those dead and those wounded. rebecca, thank you very much. cheryl: well, here are some other headlines making news this morning. looks like joe biden is biding his time. former vice president was expected to announce his candidacy for president tomorrow. reports say the campaign kickoff may be pushed back. the new york times reports that biden continues to accept campaign donations. more delays in the case against former thernos ceo elizabeth
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holmes. the trial is being delayed while additional documents are being reviewed. she is facing charges of fraud and conspiracy for allegedly defrauding investors out of millions of dollars. the grand niece of walt disney is calling out disney's ceo, bob iger, for his pay package. abigail disney says iger's $65 million compensation is, quote, insane. she says it's an example of companies giving lavish awards to top executives instead of improving the lot of lower wage workers. the supreme court agreed to take on job discrimination cases that could for the first time settle, whether gay, buy sexual and transgender workers could be fired based on their sexual identity. the issue is whether lgbt people are protected under the federal civil rights act. the trump administration says the law doesn't provide such
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protection. you can get your caffeine fix with a gummy bear. there's cold brew bears that are infused with the same amount of caffeine as a shot of espresso. the bears are made in collaboration with the famous los angeles coffee spot, alfred coffee. lauren, that's your morning buzz. lauren: those are going to be really expensive, by the. cherylway.cheryl: they're goine great. lauren: still ahead, elon musk is making some really big promisepromise at the company's investors conference. can he deliveries the question? investors are not so sure. the galaxy fold on hold, why samsung just delayed the highly anticipated launch of its new near $2,000 phone. you're watching "fbn: a.m." ♪ i've got one hand in my pocket and the other is giving a high five.
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lauren: take a look at this, shares of tesla trying to recover this morning. they're up almost half a percent in premarket trading at 263, 78, after ceo elon musk detailed his plan to produce fully self-driving vehicles as part of a new robo taxi service. cheryl: the stock lost nearly 4% yesterday. we've got rob mcgray in los angeles with more. >> reporter: tesla's ceo elon
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musk touting self-driving cars, predicting they'll hit the streets next year, along with a fleet of robo taxis. this is amid rising investor concerns about the current sales and profitability of the company. musk saying the future is at hand, predicting tesla will get regulatory approval for self car driving cars and a new network of robo taxis with no drivers sometime next year. he compared to it a combination of uber and airbnb mo model. >> tesla cars have everything necessary for full self-driving. all you need to do is improve the software and later today you will drive the cars with the development version of the improved software and you will see for yourselves. >> reporter: musk says he sees more than 1 million self-driving capable teslas on the road next year. he said the cars are hardware ready to drive themselves with a software update. the stock was under pressure monday after video from china surfaced showing a model s
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appear to catch itself on fire. tesla is investigating that incident. and a wall street analyst from evercore told of plans to sell the stock which folks apparently listened to, the stock down 4%. another analyst says they expect a train wreck when tesla reports first quarter results on wednesday after the closing bell. cheryl: let's bring in tech analyst ian wishinggrad on this one. he made a lot of promises, made outlandish promises yesterday. investors have been beating up on tesla. is this a turnaround story for tesla, robo taxis? >> no. [ laughter ] cheryl: okay. >> i have to say, he kind of borrowed a playbook from our president who tends to start to make news over here so you don't look over here. the reality is that the tesla 3 hasn't caught on the way they hoped, they haven't come out with the price point that makes it super afford aable for most people and they misplayed it.
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people love the suvs. the wealthy people have gotten their sexy tesla s' and x's. he's like the best p.t. barnum in terms of knowing how to do this. there's only so much you can do. lauren: or a regular car salesman. robert gray in that report gave us some of the negative analyst comments on this. an opinion column in market watch, this is the quote, elon musk is just another car salesman, meaning he'll say whatever it takes to sell you more cars. are we buying what he's selling, whether it's the model 3 or the futuristic versions. >> it took apple -- apple is not the first one to make an mp3 player but they made the ipod, that's what made it so amazing. i think as opposed to selling cars, he's selling the stock. the stock keeps giving him money to keep investing and doing
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amazing things. it's unfair to call him another car salesman. he's got to keep marketing to the market. that's where he's getting the cap. cherylcapital. cheryl: he said the company will take profits when you're at work and rent it out to people. facebook, there's been high level executive departures from facebook, but they hired two people. there's a lot of buzz about the lawyer, she was a state department lawyer and also they hired a public relations giant as well to come in. so two big top names to fill the void at facebook. does this make you more positive on them handling regulatory issues. >> yes, they're putting in the right heavy hitters here. you want the right people against the right people. as they face up against the government and the reputation, they put in great people. bill gates didn't have a great reputation, the p.r. person turned him around. microsoft has done a good job of playing well with th with the
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government. cheryl: jennifer newsted is a new hire. lauren: facebook and tesla report tomorrow, four dow components report today. cheryl: still ahead, new york city mayor bill de blasio backing the green new deal. how does he explain taking an suv to the gym? >> what responsible example are you setting there, taking this drive in a car. >> let's be clear, this is just part of my life. cheryl: more on the green new deal hypocrisy, coming up. and how much plant based bacon is looking to be taken home in a new ipo. keep it right here.
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♪ every little thing that you say or do. ♪ i'm hanging up on you. lauren: samsung, they're putting their galaxy fold on hold because consumers are worried about more than the $2,000 price tag. cheryl: tracee carrasco has that story. what is going on with this phone? tracee: this is a major issue. it started last week after reviewers, journalists, blogers got a preview of the phone. many reported that the hinges were breaking, that the screen was blacking out. the $2,000 phone was not working within a few days of it being in use. samsung saying they would investigate. yesterday we heard they canceled the launch of it in china. that was set for wednesday. and now we are hearing that they're going to delay the retail launch of these phones here in the u.s., that was skeet fothat was setfor friday.
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the preorder units had sold out. we don't know exactly when, this is an unspecified delay. they will announce the release within the next few weeks. lauren: do they know the problem? tracee: they don't yet. they're trying to figure out why it's malfunctioning. lauren: is it a category killer for them or for the industry. tracee: this is tough. they're trying to recover from the issue of exploding phones. cheryl: dagen mcdowell told me about a company, beyond meat, a long time ago. now the buzz is ipo time. that's big for a plant based company. tracee: they filed for the ipo in november. we hear they want to price shares between $19 and $21, lifting the company's value to over $1 billion. according to that regulatory filing with the s.e.c. yesterday, beyond meat plans to raise almost $184 million through that ipo. they want to invest it in manufacturing and marketing,
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other facilities. this could be a big one. it will be on the nasdaq. cheryl: that's big. heart patients everywhere, listen up. plant based, that's everything. lauren: that faux burger looked really good. up next, five democratic candidates taking to the air waves in their own individual town halls. did any of them stand out from the pack? and get ready to kick it like harry potter, how one company wants to dress you as if you walk straight out of hogwarts. cheryl: you couldn't pay me enough to do that. lauren: me neither. i've got to see what this looks like. ♪ you better listen up, whoa, whoa. ♪
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cheryllauren: it is a major wer earnings, four dow components report before the open today. u.s. futures hugging the flat line, lower fractionally across
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the board, dow down 14, s&p down 2. in europe, stocks are also searching somewhat for direction. the cac in paris is up -- is down 10 points, the ftse in london is up by 28. this is how stocks in asia closed the session. the chinese shanghai composite down half of 1% overnight. cheryl: stocks could change the game certainly da today in this country. four dow components are reporting along with twitter. shawn o'hara is here. a lot to go through. i've got to talk about the four dow components. we've got a flat picture in the premarket. you've got verizon, united technologies, coca-cola, procter & gamble. this is the economic sphere of the market that's reporting before the l bell. do you have strong expectations? >> i think we'll he se we'll see moderate growth. the future guidance is the
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key issue here. we're coming off a good year last year on earnings. i think people expected them to slow. i don't think we're in negative earnings. i think these names today and as we continue to go through this earnings season, we'll get a sense for the overall health of the economy and where this market's going from here. cheryl: i think these names, again, this will be the economic story but twitter is going to be the other big report before the bell. barclays coming out with a note saying this quarter in particular, they usually do pretty well. they're expecting 4 million active daily users to be added. twitter is going to change the way they report to us, monday monetizeable daily active users, they're trying to cater to l walwallstreet analysts. the stock is up 20% year-to-date. is twitter going to fly. >> its high last year i think was in june. they're expecting 15-cents a share. if they were able to beat on the upside and continue to show solid add revenue growth it could be a catalyst for moving
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the overall sector a little higher. we don't particularly favor that side of the technology telecom universe at pacer etfs. we would rather own the chip makesers. you could buy a name like broadcom that trades at the same multiple, has higher free cash flow and has a dividend yield in the middle of the 5g revolution on the chip side. but this will be an interesting name for sure as they report to give us a sense for where that part of the market's going. cheryl: also, big story in the wall street journal this morning, technology companies are back in general and watch for fang stocks, facebook, alphabet, google, that they're going to be kind of the stocks to watch and the consumer is powering them forward. before you go. we are going to be getting news on trade today, we'll hear from larry kudlow, he's expected to be asked about talk about whether it's china, usmca, richard trumka is coming out today. where are we sitting with the
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trade debate. markets are pricing in the china deal. is usmca the thing we need to worry about this afternoon? >> i think probably the best thing you could say about the current trade situation as we move forward with the usmca and hopefully down the road with china is it's going to be messy. i don't think the president and congress are necessarily getting along so well these days. they would obviously need to approve the usmca. i'm hopeful that everybody grows up and acts like adults and does the right thing. i think between here, where we are today and a fully signed and implemented new trade deal, i think it's going to be messy and i think this is going to continue to be the pattern in the market where we have good news one day and the market goes up and then we go oh, my gosh we're not going to have a trade deal and everybody panics on the downside. it's going to be messy until it gets. cheryl: we could have volatility today to your point, considering earnings and the news on trade as well. a lot to watch throughout the trading day. shawn, thank you very much. great to have you here, as always. >> thank you. cheryl: a programming note for all of you. maria bartiromo will have all of
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the breaking earnings news this morning on "mornings with maria." lauren: and they'll move the market. hitting a bump on the road to 2020. there are new reports that former vice president joe biden may be delaying announcing his bid to run for president. the a atlantic reporter is reporting that plans have been pushed back. the apparent delay as five of the major democratic candidates for 2020 appeared in their own town halls last night. did any of them stand out? let's bring in the daily caller reporter anders hackstrom. we have a field of 19. did any of them get a viral moment? >> i think pete buttigieg had the best performance. the polls showed it. he surged to about 14%, solidified his place as the third place runner behind bernie
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sanders and joe biden. bernie sanders pulled ahead of joe biden who had the stop spot for months and months. on the loser's end, i think amy klobuchar had a poor perform imagines. it was essentially a please clap moment, she said i'm bu i'm bip, and she literally had to ask for applause. certainly not a good performance for her. lauren: what do you make of the report that biden might be delaying his plans to announce. are you worried that he might be worworried about something? >> i think he's worried that the best day of his campaign might be when he announces. because he has a history of putting his foot in his mouth whenever he's on the campaign trail, just going back to 2012
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when he said mitt romney wants to put y'all back in chains and people just really are -- he tends to stick his foot in his mouth when he's on the campaign trail. buts he's polling really, really well when there's the anticipation of his campaign. i think he might be a little bit afraid of what will people think of me when i start ca campaigni. lauren: a poll has him at 12%. sanders number one at 18%. as we look at the poll, get who is not on it? elizabeth warren. she's obviously looking for traction in the polls and she was one of the first on those running for president to raise her hand and say let's impeach president donald trump and now kamala harris last night said yeah, that's a good idea. what do you make of this focus on impeachment, but not all of the candidates are going for that.
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>> i think the smart ones, like bernie sanders and pete buttigieg were less aggressive on impeachment. kamala harris and elizabeth warren, they pretty clearly want to say like, look, we are the progressive, we are the more radical end of the democratic candidates and so i think that's why they're pushing so hard on impeachment. but then you're looking at bernie sanders, what bernie sanders had to say about impeachment and i think he was right. he said donald trump might want us to push for impeachment, he might having to gain from appearing to be a victim of a democrat congress after a mueller report legally exonerated him and so i think bernie sanders is right to have that fear. i think it was prudent of him to say, look, i think we should hold off on this. lauren: you said voters will be concentrating on kitchen sink issues and that's where the voters should concentrate. we'll see how long nancy pelosi holds off here. thank you very much. cheryl: here's other headlines
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making news this morning. presidential hopeful a amy klobuchar had her own please clap moment during a cnn town hall event last night. >> every single time i have run, i have won every single congressional district in my state including michelle backman, okay. that's when you guys are supposed to cheer. okay? all right. cheryl: well, the moment brought back memories of the 2016 republican primaries when former florida governor jeb bush famously asked the audience to please clap. new york city mayor bill de blasio announcing plans to fight climate change by eliminating new glass fronted towers from the city's skyline. his proposeal would require private building owners to slash emissions by 30% by 2030 or face hefty fines. the mayor struggled to justify his own habits while promoting the green new deal. >> what sort of environmentally
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responsible example are you setting there, taking this drive in a car. >> let's be clear, this is just part of my life. i come from that neighborhood in brooklyn, that's my home. i go there on a regular basis to stay connected to where i come from. cheryl: a lot of gyms in that 11-mile drive, mayor. just throwing that out there. vans took to instagram to tease a harry potter themed collection. for now, there are limited details on what this is going to be. it's not clear when the collection will be available. judging by social media reaction, harry potter fans cannot wait to start buying that stuff. and then take a look at this. water from a roof top pool cascading 600 feet down a skyscraper in the philippines p yesterday. the l poo pool poured down folla powerful earthquake there. at least 11 people died in the earthquake. and that's what's happening. lauren: any time i see a pool on a roof, i get nervous.
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that's a crazy repercussion, overflowing like that. immigration is a top issue facing voters and illegal crossings at the border are surging. how much is it costing taxpayers? seahawks quarterback russell wilson getting an amazon gift that's pretty hard the to beat. we'll have details next on "fbn: a.m." ♪ all the friends in all the wrong places. ♪ don't care what's going down. ♪ all the wrong --
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dear tech, 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. are you working for all of us, or just a few of us? can we build ai without bias? ai that fights bias? ai that helps us see the bias in ourselves? we need tech that helps people understand each other. that understands my business. dear tech, dear tech, dear tech, dear tech, let's champion data rights as human rights. let's use blockchain to help reduce poverty. let's develop new solutions with the help of quantum technology. let's show girls that stem isn't just a boy's club.
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lauren: the supreme court is set to hear arguments today over whether a citizenship question can be placed on the when 2010 census. commerce secretary wilbur ross claims the question will help enforce voting rights. opponents say it's a blatant effort by the administration to discourage illegal immigrants from participating. the outcome could affect the amount of money each state receives from the federal government. a significant number of illegal migrants are taking advantage of government benefits, that is costing taxpayers billions of dollars. cheryl: we've got william loginesse in los angeles with the details. >> reporter: because the migrants work illegally, the net cost or benefit is difficult to calculate. some studies put the direct taxpayer cost at $100 billion. but that number doesn't calculate the productivity. what we do know, 75% do work but a census survey shows more than half use at least one welfare
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program to get by. the latest central american caravan numbers more than 6,000, most arrive without a penny in their pocket. so how do they get by? they qualify for work permits, others work under the table. a majority receive taxpayer subsidized benefits. >> when people claim asylum they get work documents, they get a court date years later, they're eligible for benefits, state and local and many federal. >> reporter: many federal benefits are supposed to be off limits. in practice, many are not. 25,000 receive subsidized housing. 26 states offer state funded benefits like cash assistance. 11 offer medical care. others offer food stamps and disability. >> if the states don't have a growing economy and don't have jobs that are open, immigrants, much less anybody else, they won't see those states as the biggest draws. >> reporter: because of the lower income, adults and
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children are entitled to a host of programs, some qualify legally as asylum seekers, others by using stolen identities. >> there's a cost to communities, for sure, whether uncompensated care at hospitals or the education system and other ways. it's never been measured but it's very real. >> reporter: the u.s. expects a l million illegal immigrants this year. right now, about 4,000 apprehensions a day. despite the safety net programs, more than half of central americans living in america live in poverty. cheryl and lauren, back to you. lauren: william, thank you very much. cheryl: coming up, the mets taking down the first place phillies with not the most exciting thing to happen in the game last night. details on bryce harper's fiery ejection. and woe is them, why millennials are saying they have it worse than any generation that came before them, including the silent generation of the great depression. you're not going to believe this one. lauren: they're so overworked,
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those millennials. cheryl.overpaid, under-worked. ♪ -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.
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cheryl: high temperatures invading much of the country. lauren: it sounds like summer has come early. senior meteorologist janice dean live in the fox weather center with the tuesday forecast. janice: good morning, ladies. for some it will feel maybe not summertime but we are going to get into the 70s in new york city, across portions of the southeast and the gulf coast. we have a cold front that's going to move in from the northern plains, northern rockies and the potential for more severe storms from the southern rockies. let's focus on that, as this low moves across portions of the mississippi river valley and tennessee river valley over the
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next 48 hours, we're going to watch the potential for strong storms including large hail, damaging winds, even tornadoes for parts of texas and this mess is going to move eastward with the potential for strong to severe storms and flash flooding. this is the time of year that we see the potential for these stronger storms and the risk of some heavy rain as well. so good news/bad news, a lot of folks will enjoy the warmer temperatures, that's for sure. cheryl: it's a mixed picture with the national forecast. thank you so much. lauren: we have serious allegations against an nbaed head coach jared max is here with that story. jared: luke walton has been sued by a former host from the lakers regional sports networks of sexually assaulting her sometime before he became the lakers coach in april of 2016. no police report filed. the lakers say the allegationses were never brought to their attention.
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walton's new employer, the sacramento kings, say they're gathering information. in the suit. walton allegedly invited kelly tenant to his hotel room and forcibly groped and kissed her. it alleges lewd comments at a charity event. the golden state warriors are also gathering information, the nba conducting its own investigation. the milwaukee bucks swept the by tons last night. utah forced a game five against houston. in baseball, bryce harper like an old cassette tape and a radio shack recorder, ejected. bryce kicked out. he said usually i go from zero to 100. he didn't like the call from the home plate umpire, four batters later came tearing out of the dugout and the nationals lost to the mets, 5-1. jacob degrom's mri was clean.
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he might pitch friday. nick savmen saban has a new hip. he said he got it fixed because he wants to coach for a lot more years. russell wilson invested in his future. fresh off signing a $440 million contract, russell wilson paid it forward. he bought $12,000 worth of amazon stock for each of you his 13 offensive linemen and in a letter to the linemen he wrote you sacrifice your physical and mental well-being to protect me which in turn allows me to provide and care for my family. this does not go unnoticed and it's never forgotten. so a special gesture from russell wilson. cheryl: i have a dumb question, bryce harper getting ejected, do they still yell, you're out of here. jared: yeah. lauren: let me hear it again. cheryl: like in the movieses. lauren: good job. cheryl: thank you very much. catch jared's sports reports,
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fox news headlines, 24/7, sirius xm channel 1 115. lauren: why some wokers are not saying you're out. you may notice more gray hair in the office. the stunning number of older americans now choosing not to retire and what that may mean for younger workers and what the younger workers are now saying about their own financial worries. all that coming up. keep it here. ♪ it ain't me. ♪ it ain't me. ♪ i ain't no senator's son. ♪ it ain't me. ♪ nt to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family 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.
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lauren: more and more elderly americans working coming into the office. cheryl: tracee carrasco has that story. tracee: more and more continue to go work because a lot of them do not have money to retire, whether it's inadequate savings plan, the high cost of health care, whatever the reason, a lot not able to retire. for the first time in 57 years, the participation rate has past 20% mark. scorgt to new -- according to new report money maker. that doubled from below 10% in
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1985. also i want to mention on the flip side, you do have those who are retirement age maybe 65 or older, they registered, wealthier, soy that are in good health and choose to go work. lauren: paying for millennial children as well. that helps. tracee: you talk about great depression, generations like that. according to new survey, they have found that 68% of millennials do believe that they have faced more financial hardship than any other generation. 49% millennials faced --
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lauren: with student that. [laughter] cheryl: let's be clear here. lauren: entered the job market. tracee: i want to mention that 47% of millennials surveyed hearsay they have zero saved for retirement. lauren: they have enough money to go to disneyland. tracee: that's why they probably have zero for retirement. new star wars will be opening end of may, huge demand there, disney hotels at disneyland pretty much sold out for the opening day, may 31st, really all that's left is the 763-dollar rooms. cheryl: that's expensive. tracee: absolutely, a few rooms opening for that weekend. why the rooms in such high
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demand is because you get reservations to star wars theme land when you stay at disney hotel. they are requiring reservations, that's why people want them. if you don't stay in disneyland hotels, you have to go on lion -- online may 2. maria: 6:00 a.m. on the east coast, focus on earnings right now, four dow components, verizon, coca-cola, proctor&gamble. powerful earthquake rocking the philippines this morning, water from a rooftop school pouring down the side of the sky scraper, incredible pictures here.

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