tv FBN AM FOX Business May 7, 2019 5:00am-6:00am EDT
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lou: and that's it for us tonight. thanks for being with us. good night from new york. ♪ ♪ cheryl: your market movers at 5:00 a.m. beijing consisten confirms the e negotiator will head to washington this week for trade talks, despite the administration's move to tariffs on chinese imports this friday. is the possible trade deal back on track? well, uber and lyft drivers are planning to strike tomorrow over pay and work conditions. but lyft's earnings could be the big worry. since going public in march, the stock is down 16%. today, that could change the game with the first earnings report. what's ride on it for lyft and for uber, who is going to debut their ipo later this week. attorney general bill barr refusing to answer demands for an unredacted russia report.
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the he showdown in washington with democrats on the verge of a vote for contempt. and the game of thrones plot twist no one saw coming, the cameo korea atin creating a firh fans. plus, how much the mistake is worth. it's tuesday, may 7th. "fbn: a.m." starts right now. lauren: here is how your mob iy is moving at 5:00 a.m. dow is off 109 points this morning after a late day comeback yesterday. but still, the major averages not finding green yesterday or again this morning. nasdaq futures are down 37 points. let's check on oil. goldman sachs says prices have gone too much, too fast, but still going down this morning. $61.90, down half of 1%. the european commission will release its spring economic
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forecast. is the region getting out of the weak patch? we'll see. a sea of red for european indices this morning. japan has reopened after a 10-day holiday, the knee you kaye down 1.5%. a bit of a recovery in china after the selloff yesterday. the shanghai com composite up 0. cheryl: good morning. i'm cheryl casone. lauren: good morning, to you at home. hi, cheryl. good to see you. i'm lauren simonetti. it is a all about china today. cheryl: we've got breaking news to bring you. china says its top trade negotiator will head to washington this week for trade talks. this development coming as the trump administration is moving forward with plans to raise tariffs on chinese imports after it accused beijing of backtracking on their trade promises. lauren: let's get more from edward lawrence, he's in washington. good morning, edward. >> reporter: good morning, cheryl and lauren.
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stevesteven mnuchin and robert lighthizer are using terms that we are going backward when it comes to negotiating with china. they will raise the tariffs on friday up to 25% on $200 billion worth of chinese imports. lighthizer will in the next days start the process to add tariffs on an additional $325 billion of chinese imports to the u.s. what happened over the weekend is the latest draft of the 150 page document came back with significant changes. the changes rolled back concessions the chinese made across multiple sections of the agreement. u.s. trade representative calling the changes substantive, adding they're not going to go backwards. the u.s. is not willing to go back and renegotiate documents that they've already agreed to. some economists say the tariffs have not hurt the economy so far, so this won't be a big
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impact. >> the he reality is w. the tariffs the economy has grown more rapidly in the united states and more slowly in china. the chinese are bicycling president trump, thinking he's weak and vulnerable with re-election coming up. >> reporter: secretary mnuchin says to change the tariffs, china would have to come to the table this week, thursday and friday during the meetings and put back in the concessions they rolled back as well as negotiate in good faith that last 10% of the agreement that's left. back to you. cheryl: we'll have more on this later on in the show. there may be new trade opportunities in the arctic region, according to secretary of state mike bomb be pa pompeo. he said that melting ice caps could slash the time it takes to travel between asia and the west by as much as 20 days. pompeo added arctic sea lanes could become the 21st century versions of the panama an and sz
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canals. the secretary of state never used the phrase, climate change. lauren: the fight over the unredacted mueller report is intensifying on cap l tolintens. democrats are considering holding the attorney general in consistencontempt of congress. cheryl: griff jenkins is in washington where things are heating up. griff, good morning. >> reporter: good morning, lauren and cheryl. just when you thought things were headed over that contempt cliff, the justice department agrees to meet the house judiciary committee today, one day before their scheduled to vote to hold attorney general barr in contempt of congress. jerry nadler issuing this statement. it remains vital the committee obtain access to the full unredacted report and the underlying materials. at the moment our plans to consider olding attorney general barr in contempt still stands. my hope is that we make concrete
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progress towards resolving this dispute. the doj maintains they've taken steps to accommodate the commit the acommittee's's request. this as john kennedy is blasting both sides. >> i think it's juvenile. you can only be young once, but you can always be immature. both sides in this are doubling down on stupid. both sides need to sit down and negotiate what the administration can provide and what the house actually needs. >> reporter: in the house judiciary committee, also at the center of another massive fight, getting robert mueller himself to testify. president trump reversing course over the weekend, now saying mueller should not testify but even some of the committee's republicans say they want a chance to question him in public and in private. if that wasn't enough, today is the deadline for the president's former attorney don mcgahn to
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provide key documents to the committee related to jeff sessions' flying, michael flynn and the trump tower meeting. mcgahn has been subpoenaed to testify later this month. if the judiciary committee ends up voting to hold barr in contempt, that would go to the full house for a vote. lauren, cheryl. cheryl: griff, thank you. lauren: it's official, the trump administration will not release president trump's tax returns to house democrats. treasury secretary steven mnuchin in a letter to the chairman of the house ways and means committee said the panel's request, quote, lacks the legitimate legislative purpose. this is expected to trigger a legal battle for president trump's tax returns. democrats could subpoena the irs for the information or sue to obtain them. cheryl: now to the crisis in venezuela. vice president mike pence is planning to offer a new insense
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incentives to venezuela's millly to turn against nicolas maduro. he is expected to offer assistance for refugees. many venezuelans are risking their lives, trying to cross the border into colombia. fox has cameras that have captured these moments. the united nations is calling this the largest exodus of people in south america's modern history. lauren: well, google could be stepping up its advertising dominance, reportedly planning to unveil a new tool to limit what's called tracking cookies. this is a report from the wall street journal. it says google could roll out a function in its chrome browser that would give users options to block the cookies as early as this week. cookies target consumers and what they do, how they search on the consumer. cheryl: they can also crash your internet browser. lauren: yes, they can. cheryl: here are other headlines making news this
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morning. two journalists are free this morning after spending more than 500 days in a myanmar jail. they were sentenced to seven years in jail, accused of breaking the country's law of state secrets. the two were set free by a presidential pardon. in the u.s., president trump has pardoned a former army lieutenant convicted of murder. michael behena was convicted in 2009 of killing an iraqi prisoner suspected of being anil kai dan al-qaida terrorist. he said he shot the prisoner in self-defense. he was paroled in 2014. the white house says there was broad support in the military and public officials to issue the pardon. anadarko petro yu petroleum sayt prefers objection den take occe than chevron's.
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chevron has until the end of the week to make a new proposeal. kraft heinz is saying that accounting errors go back more years than originally expected. the company said they're restating financial results, dating as far back as 2016 an internal probe revealed employees falsified transactions related to suppliers and procurement. the s.e.c. is investigating the matter, as you can imagine. walmart expanding its pet business. the reterrell is opening an online -- retailer is opening an online pet pharmacy that will deliver medications to your door. they plan to open 100 yvette fairly clinics in the next 12 months. lauren: that's something amazon can't do. cheryl: pet medications are incredibly expensive. a lot of older pet owners need that delivery service. lauren: thank you, walmart. let's take a look at futures this morning.
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the dow was down more than 500 points at this time yesterday morning. it did have a comeback late in the session yesterday but still no positive territory, back down this morning, sharply. dow off half of 1%, similar declines percentage-wise for the s&p and nasdaq coming up, china's top negotiator is heading to washington this week as president trump promises new tariffs by friday if a deal is not reached. is president trump about to win this trade bat this trade battl? we'll discuss. and it's a boy, but he needs a name. his royal highness has arrived. the top names swirling around social media. how businesses are getting involved. cheryl: are bookies involved, that's the question. lauren: i think that's a really good question. ♪ get ready, get ready. ♪ i'm going to try to make you love me too. key portfolio events.
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run with us. i needthat's whenvice foi remembered that my ex-ex- ex-boyfriend actually went to law school, so i called him. he didn't call me back! if your ex-ex- ex-boyfriend isn't a lawyer, call legalzoom and we'll connect you with an attorney. legalzoom. where life meets legal. cheryl: we want to show you asian markets overnight because they really took a hit yesterday after those tweets by the president. today, a little bit of a bounce babbounceback but not a lot. shanghai is up about 0.7%, the hang seng up about half percent. beijing overnight confirmed that china's top trade negotiator lieliuhe will head to washingtos week for the next round of trade talks. the president made it clear the u.s. will not continue to lose
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money to china. will the u.s. finally reach an agreement? let's talk to a senior research heefellow, dean chang. thank you for joining us. what do you make of this -- we're looking for the back story. lighthizer, mnuchin came out after the bell yesterday and gave us the back story. they started to back away over the weekend. it was clear they were backing away from the agreement. we heard that in beijing. that's what they say. what do you think the chinese and their intentions are here? >> i think the chinese, like any negotiators, are trying to get the best deal they can for china. what that means is they're not really interested in cutting back on the issues of intellectual property theft and things like that because that's really almost structural. it's almost baked into their system. so they've negotiated with us but this has always been a sticking point, right. mr. lighthizer has said we want
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snapback sanctions, essentially. if you cheat on this after the agreement, we're going to put tariffs and things back on. the chinese don't want to do this. i think this has been a key part of the sticking points. cheryl: what do you make of else lighthizer gave us, as of friday, 10% to 25% on $200 billion in tariffs and then he also went on to say, and this is the big story, this is everything that china exports to us, that they're going to start the process to levy 25% on $325 billion, this is everything the u.s. imports basically from china. >> this is the big guns. they this is basically the message going not just from mnuchin and lighthizer but clearly from the white house itself. either you get serious, either you stick to your -- to what you've already agreed to or we're really going to basically take out the sledgehammer. this is going to really have an impact on the chinese ability to trade with the u.s. and sell goods eventually around the world.
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cheryl: it's interesting, because we were kind of wondering here why did the chinese have this quick change of heart. there was this infrastructure event that was held in china and it was a communist party event, government officials, 40 heads of state were there. it seems the tune really changed. does this mean xi-jinping does not really have the support he thought he did or that he needs to actually cut a deal with the united states? >> i think xi has certainly consolidated power within the system. but if the reports -- one always have to be careful with chinese statistics. if the reports are accurate and the chinese economy's rate of growth is slowing down, that's a warning side. adside.adding another 25% on tas will crimp the chinese economy. cheryl: many argu many argue x on the us consumer. thank you for being here.
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lauren: china's still the top story this morning. absolutely moving global markets right here in the u.s. the dow is down 129 points, s&p down 14, nasdaq giving up 40. still ahead, more turbulence for boeing, it's a drip, drip of information coming from the company as they try to repair their i' image in the court of w and public opinion. now, a new report casts doubt on the way boeing inspected its planes. plus, lyft will release its first earnings report since going public, will that spook uber as it readies it readies io this week. you're watching "fbn: a.m.." ♪ p everyone's got to listen to mom.
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cheryl: the ceo of an airliner that skidded off a florida runway and into a river is offering $2,500 to each passenger. in an open letter, the ceo apologized and offered the money as a, quote, goodwill gesture. he said accepting the payment would not affect passengers' rights. rescuers saved all people on the aircraft. it was flying in from guantanamo bay. investigators are investigating the accident. lauren: the cloud of controversy over boeing growing this morning after a new report alleges the company let its own mechanics check their own work on the 787 dream liner. let's bring in kyle bailey, an aviation analyst. kyle, good morning. >> good morning. lauren: this most recent black eye for boeing, it does involve another jet, the dream liner, so not the 737 max that everyone is
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talking about right now. what does it say about company management? letting your representatives check their own work? >> well, that's a vital part of what's going on here, is that boeing actually knows the airplane business better than the faa. they're excellent at what they do. these airplanes are very, very technical with a you hig high df engineering. the airplanes are about $100 million and we're talking -- there's a lot of stuff in there. 150 miles of cabling in a 737. so for a human to do that, that's kind of hard when you could have laser does that and it's more efficient and more accurate. that's done in other industries like the pharmaceutical industry. lauren: two questions for you. there is a report this morning that boeing plans to replace 900 inspectors with machines. you'd argue that is a good idea? >> it's good to still have inspectors. i mean, it should be a balance between the both. i think it's safe to say. lauren: does airbus, for
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instance, know their own planes better than regulators? >> i think airbus is similar to boeing. there's only two main players in the industry, airbus and boeing, they're both equivalent in my mind and -- lauren: i find it interesting that you used to work at the faa, you're a pilot yourself and you say you trust boeing more than you trust our regulators. >> well, boeing is a 102-year-old company. if you look at their stellar track record of producing airplanes, it's perplexing how good they are at what they do. i was a former faa safety team representative. the faa is aware of how good boeing is and the self-certification process really is -- it really does good for the manufacturing of airplanes. lauren: did it fail in the two instances involving the lion air crash in october and the ethiopia crash in march where there was an issue with the sensor and we found out on sunday, the wall street journal broke this news and boeing admitted it, that they knew
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about this sensor issue, which basically caused the plane's nose to push down so the plane was falling instead of flying, that they knew about this in 2017. they didn't tell us. where's the transparency? >> in this instance, the problem isn't with them finding the problem. they apparently knew the problem existed but failed to tell regulators. so the company apparently knew the problem existed so it's not really -- were the inspectors doing their jobs, they knew about it. they knew it was a problem. it was apparently identified and the question is, did they filter that up to upper management. lauren: boeing's own top management didn't know. in a sense, you're saying that boeing thought they were too good to actually be trans parens and tell the truth to the people that needed to know the information. >> i wouldn't say they're too good. there's so much redundancy on the airplanes. perhaps they thought there was so much redundancy in place --
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boeing doesn't. want their airplanes to crash. i think they thought with the redundancy that's in place that it pretty much would -- a horrible incident would not happen. lauren: thank you very much for coming on this morning. cheryl: we've got a lot more coming up. first, marijuana, now magic mushrooms. lauren: there they are. cheryl: how they may soon be decriminalized and where grown zero will be. we'll talk about it. and not just dominating the box office, the avengers want to beat the competition to your feet. details coming up on "fbn: a.m.." ♪ p heading into retirement you want to follow your passions
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cheryl: want to get you caught up on global market action. remember, we started down the day more than 400 points yesterday for the markets but we actually barely closed into the red yesterday. we've actually got another red day in front of you. right now the dow is down 131, s&p down 14 and three quarters, nasdaq down 43. we should let you know the breaking news overnight, chinese vice premier liu he will come to d.c. for negotiations on thursday and friday. the global story with oil has been tied to the back and forth between china and the u.s., two major oil importers and the u.s. is a major create or of oil. in europe, stocks all in the red, france's finance minister saying the u.s. and china could disrupt global markets and not really happy with the u.s. and now to asia, this is the big story. shanghai and hang seng actually came in with gains. remember, huh a 3 and a 5.5% respective loss lowering on
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those markets yesterday on he's those markets. lauren: it was ugly, cheryl. we know that china's top negotiator liu he is expected to travel to washington this week for another round of trade talks. president trump tweeting his intention to put new tariffs on beijing friday if there is no deal. this is what he wrote. the united states has been losing for many years, 600 to $800 billion a year on trade with china. we lose $500 billion. sorry, we're not going to be doing that anymore. as you know, companies like apple, boeing and caterpillar weighed on the dow yesterday and will likely today because of their exposure to china. let's bring in the chief economist for americas and asia for berenburg capital markets, dr. michael levy. what's your read on the situation between the u.s. and china? >> well, china and the u.s. will sign an agreement and it will go way, way beyond just trade, to issues of intellectual property and the like and it will be a
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positive. you don't know if it's going to be signed this week or next, but it will be signed and it will be very positive in terms of reducing not just trade barriers, but others. lauren: do you think the agreement will have teeth? as you know, the president is running for re-election in 2020 and he wants a deal, not only because it's good for the economy and he's doing well when it comes to the economy, but also because it could be a foreign win, if you will, a foreign policy win. >> well, i think the answer to that is yes. and one of the reasons why the negotiations have taken so long is one of the issues is putting -- supervising it and enforcement on it. so the answer i think to your question is yes. lauren: okay. the foreign of finance minister speaking in paris l earlier today. he said the trade war is a top threat to the global economy. at the same time, bloomberg says
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the tariff impact will cost 2/10 of gdp growth depending on what china retaliation looks like. how much do you think china will push back here? they need to make this look like a win back in china as well. >> of course. but keep in mind, china is the biggest trader in the world. it desperately needs to keep channels of trade open. and so that's the impetus for a deal to be struck. keep in mind also that china's potential growth is slowing and trump's pretty bruising negotiating tactics come at a very bad time for china. i find such estimates of these impacts silly and misplaced. certainly, nobody wants trade wars, but i really don't expect that that's how it's going to unfold. i really expect that you'll see a an agreement that will reduce
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some trade barriers and after that agreement you'll see some easing of tensions which will improve some of the bottlenecks in supply chains internationally. so i'm rather positive looking for this. and if you think of it kind of the game the theoretic, every country involved will benefit and he that's the impetus for a deal to be struck. lauren: dr. levi, thank you very much. cheryl: wall street is going to get a chance to look over earnings from lyft today after the bell as the company's first results since they went public back in march, but is this going to lift the stock? it's down 16% since the ipo. let's bring in todd horowitz, chief strategist. lyft has had a rough ride. now you've got the strike reported that's going to be out tomorrow, lyft and uber drivers
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striking for better wages and benefits. let's talk earnings, earnings per share expected $1.81, that's the estimate, revenue $739 million. this as we find out lyft may never make a profit. what do you say? >> i can't find out how they will ever make a profit. i don't understand the business model that they're running. i don't see the profits. again, obviously the ipo exploded higher. there's a lot of interest, silicon valley loves it. they think there's something there. they're going to lose money for the first couple of years regard also. they've been a money drain since they started, just like uber is. but again, there's obviously -- there looks to be some potential. there has to be higher costs. if you start raising prices and start competing with other types of drive services, i think it becomes a problem. i don't see it as a great investment or great earnings, i think they lose money, i think they lose more than is projected. cheryl: interesting. it's up 23-cents in the premarket. i wanted to point that out as
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were you talking. what does that mean for uber? >> again, i see uber -- uber has a lot more money involved. uber has some of the other problems, uber eats, they're trying to diversify into other industries. again, i may be wrong but i don't see this as a true viable business model as it's been sold to us and as we're seeing it. i certainly could be wrong. but for my money, i think that there's going to be way too much competition for the space and with rising fuel costs and other things, it could be a problem. cheryl: it will be a big ipo no matter what. ea will come out after the bell. mkm cut their rating on the company because of one of their games. they took them down to a neutral, this apecks apex leges battle royal game, they say it peaked. what do you say about ea? >> ea's kind of in the middle of the range, from the lows to the
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highs. last earnings it got clobbered. i think they're delving into some of the free applications, kind of like fortnite, they're trying to get into that space. i think we'll know more after they let us know their progress. i think the company will be fine. i think they'ri think they'll re with their earnings. the big thing is how does the free game stuff work. will they be get competitive. cheryl: the year-to-date is a little higher, so maybe there's a trajectory ahead for the company. todd horowitz, thank you very much. >> thank you. have a great day. lauren: here are some other headlines making news this morning. four major cell phone companies being sued for allegedly selling your location data. they are accused of selling private location information to bounty hunters and law enforcement. the class action covers more than 150 million cell phone users. instagram stepping up the
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campaign against fake news. instagram will use facebook's fact checking system to find content already flagged on facebook. the posts will then be hidden, making them harder to find. this follows facebook's decision to ban several far right and anti-t semetic figures from its site. republican congressional leaders are calling for a new investigation into media leaks during the russia probe. senators ron johnson and chuck grassley sent a letter to the inspector general, pointing to a set of text messages between peter strzok and lisa page. the text ts appeared to suggest strzok believed other government agencies may have been leaking to the press during the 2016 election. the mile high city looking to decriminalize magic mushrooms. denver residents will vote on it today. the measure would make possession of them in small
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quantities the lowest criminal. adidas is taking five of the biggest nba names and combining them with a character from the marvel universe, creating the heroes among us collection. each sneaker will feature a different marvel superhero theme like captain america and iron man and they will be inspired by nba players. prices range from 90 to $180. cheryl: all right. some kids are going to want those sneakers in their stockings for christmas. lauren: it looks cool. cheryl: coming up, house democrats going after attorney generaattorneygeneral bill barr. could they put barr behind bars? and leaving the track and heading to court, we've got the latest on the legal battle over this weekend's kentucky derby disqualification, this may not be over yet. keep it here on "fbn: a.m.." ♪ join forces.
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lauren: the battle intensifies between the trump administration and house democrats. house judiciary committee chair jerry nadler scheduled a vote tomorrow to hold attorney general william barr in contempt of congress after he declined to provide lawmakers with the full unredacted version of robert mueller's report. let's bring in a washington
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commentary writer. dems putting bill barr back on the clock, why do you think they're moving so fast with these contempt proceedings? >> well, jerried nadler is -- the pressure is on him to act in this regard. the house democrats are sort of in a tough position, given that the mueller report did not reveal the findings that they so wanted. so right now they're moving the goal post in a way that if they can't get obstruction of justice or impeachment proceedings, at the very least they can get bill barr to come to the table and give them an unredacted mueller report which he hasn't done so far. holding contempt over his head is just a way to sort of force the conversation and get that unredacted report. lauren: there was a report that they could go see that was redacted but much less so and
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they haven't even went to read that. but all this is posturing for 2020 which brings me to my next point. one of the candidates running for the democratic nomination, kamala harris, she says let's repeal the trump tax cuts because they're just not working, despite the economy growing at 3.2%, despite 263,000 jobs being added. and look at this. gallup has president trump's approval rating at 46%. it is below 50. but this is the best for this president a and it's better than obama at this point in the game. what do you make of that? >> well, it's interesting that kamala harris would make tax cuts or repealing the 2017 tax cuts and jobs act her hill to deion because it is a mostly pretty popular tax bill and the tax burden has shifted more to the top 1% as opposed to the middle class. it's actually an expansion of the middle class. given the fact that the jobs report came back this past week
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showing there's 3.6% unemployment, the lowest in 50 years and that the gdp has grown at 3.2% in two years under trump as opposed to 2 2% under eight years of obama, harris is almost looking like she doesn't want to win against republicans. lauren: looks like the person who is winning, joe biden. he has a wide lead in most polls over bernie sanders. not everybody is convinced including the political reporter at the washington post. listen. >> in an interesting way, those numbers look like hillary clinton numbers in 2007 at this point. big lead in the national numbers, very tight in iowa in particular, not so tight in new hampshire at that point. lauren: do you agree? >> biden is one of those candidates -- he's run twice before and look how it turned out. he actually has never made it as far past the iowa caucuses. in 2008 he placed fifth.
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in many ways he runs very well on paper. once you put in practice -- in 1998 he was considered one of the top contenders. because of the plagiarism scandal he had to withdraw. biden has many good alleys to run and reach middle america, reach the middle class and blue collar workers. he is not very popular within his own democratic party, given the fact that they moved further to the left. lauren: who do you put on the top of ticket? >> i have to put biden bernie. bernie is popular. he surpassed my expectations. in 2016 i thought it was a flash in the pan. he is sort of a lasting figure now. lauren: thank you very much. good to see you. >> thank you. cheryl: well, still ahead, the coffee cameo creating a firestorm with game of thrones fans. you won't believe how much that mistake take was worth. and how a cincinnati reds player suited up for a game delay save.
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lauren: we are talking about a multi-day severe weather threat for parts of the u.s. cheryl: we've got janice dean live from the fox weather center,. janice: a lot of rain in louisville and a lot of rain across some of the same areas that we've seen severe storms. so we'll take a look at the storms over the last 24 hours, several reports of tornadoes in kansas. today also seeing the threat of large hail, damaging winds and tornadoes for a good chunk of the southern and central plains.
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we have from the big bend of texas all the way up towards kansas, in towards nebraska, with a bull's-eye as well for areas from the texas pan handle into the oklahoma pan handle where we could see the potential for large, destructive tornadoes. the same threats tomorrow as well for some of the same areas, stretching in towards the midwest. so as you said, a multi-day event, large hail, damaging winds, flooding rainfalls and tornadoes. know what to do if there's a watch or warning in your neighborhood. all right, cheryl, lauren, back to you. lauren: thank you very much. cheryl: well, a special moment monday at the white house. tiger woods was honored by president trump. leland: lauren: jared max, this is no small honor. jared: the presidential me l ml of honor is the highest. tiger got he'll motio emotionale thanked many who have been with
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him through the ups and downs before the comeback and won the masters april 14th. >> yes, i won the masters. i was there to -- i ended up hugging my dad and my mom. my dad's no longer here but my mom's here. i love you, mom. thank you. [ applause ] jared: tiger choked up, fourth golfer to receive the presidential me l dale of medal. jack nicklaus said this is one of the most humbling honors. tiger, welcome to this unique golf foursome. maximum security finished first in the kentucky derby, he disqualified and will not run in the preakness stakes. gary west told the story last night on fox news that after his appeal of the derby was denied yesterday by the state racing commission, he intends to file a lawsuit in the appropriate
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jurisdiction. xfl, it's coming to fox. next february. the xfl announced a broadcast partnership p between fox and disney. games will air on fox tv as well as fs-1 and abc on the espn channels. no rights had to be paid for this. however, streaming and advertising sales, that's controlled by the networks. something was abuzz in cincinnati monday. game between the reds and the giants, they had a delay of 18 minutes because of swarms of bees invaded the ballpark. derek dietrich thought he could help. he put on a bee keeper's costume and made like he was trying to scare the bees. aren't you wondering where was the bee keeper costume -- cheryl: is this a first in baseball? this is weird. jared: i've never seen a player -- cheryl: a player put on a bee keeper's outfit. jared: the sports bureau told us that in the game one guy hit a home run, stole a base, and
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pitched a shut-out inning, nobody had done that in 114. lauren: thanks to the bees. jared: they brought the honey and he gave us sweet results. cheryl: coming up, forget the dragons and white walkers, the big reveal on this week's game of thrones episode that has the entire internet buzzing. plus, the highlights from the swankiest event of the season. the hits and misses from the met gala. keep it here on "fbn: a.m." ♪ it's been waiting for you. ♪ welcome to new york. ♪ welcome to new york. ♪ welcome to new york. ♪ it's been waiting for you. ♪ i'm working to keep the fire going
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your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. lauren: frank sinatra in case you live under a rock, prince harry and meghan markle had baby boy. arthur, 5 to 1 odd. alexander, 6 to 1, albert and james tied for third, 8 to 1 odds, charles, that's prince harry's father name in last place with 15 to 1 odds. i like arthur. cheryl: get this a rare mistake of game of thrones producer
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getting slew reaction from fans, modern coffee cup spotted in scene of this week's episode, social media blew up with many saying it was a starbucks, all hbo would say it's a latte from craft services. one expert said it would have cost them between 250,000 to a million dollars, that's a super bowl ad. lauren: i will call it a sip-up, not a slip-up. hbo taking mistake in stride. news from winter fell, the latte that appeared in the episode, it was mistake. they had ordered tea. we are surprised she did order a dragon drink. cheryl: i wonder what she drinks, fashion night in new york city, celebrity stepping at
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met gala, the night's cohost lady gaga wears not one but four different outfits, she start off in pink ball gown, then she wears black and strips down to her underwear. katie perry made bold statement with inspired dress, turning head, and a lot more. lauren: twitter had a field day with the two sisters kendal and kyle jenner. cheryl: this gala raises money for a charity, like $12 million raised but unless you're a company or very wealthy, wealthy person you don't get in and ana winter has to approve every single ticket, every single person of the room she approves
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attendance. lauren: pretty amazing. the theme is camp, camping, girl scouts but it's actually to be very extravagant. cheryl: all the rules of met gala, that's it for fbn:am, we send it over to mornings with maria. maria: happy tuesday, everybody, thanks for joining us, it is tuesday may seventh, your top stories right now 6:00 a.m. on the button on the east coast, u.s.-china trade turmoil continuing this morning, president trump's advisers are accusing china of reneging on though commitments they had made. lighthizer expected registry beginning 12:01, top negotiator headed to washington for thursday meeting. more problems for bow to go report, allowed mechanic to inspect, wal-mart cashing in on
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