tv FBN AM FOX Business May 15, 2019 5:00am-6:00am EDT
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lou: and tomorrow here, >> this turnaround is possible attorneys victoria tins thing, because under my administration joe degin v.a., national we've ended the war on economic security expert k.t. the mcfar energy and the economic assault loan. follow me on twitter, like me on facebook and instagram. on our wonderful energy workers. thanks for being >> reporter: some of the key ragregulations that boosted job cheryl: here are your market growth in the liquefied natural movers at 5:00 a.m. moments ago the u.s. state gas industry began under department ordered nonemergency president obama but they've government employees to get out of iraq, right away. accelerated under president trump. for example, there were two tensions growing between executive orders that the neighboring iran and the u.s., although both countries insist president signed back in april that executives here point to as neither is seeking war. really helping out the industry president trump touting his and leading to a pickup in america first energy policy in hiring. as for the president's ongoing louisiana, just hours after saying a trade deal with china trade war with china, that is could absolutely happen and much something of a factor in this industry as well. faster than people think. you didn't hear much of it from well, the faa in the hot today, the president in his remarks, unless you count comments like the acting administrator heads to capitol hill where he's going this. >> we lose the jobs, we lose the to face questions over his taxes, we lose the wealth, and agency's ties with boeing and two deadly crashes involving the another country builds the products and they send it in. 737 max jet. well, that's changing. and from a southern brawl of to you saw that. that's changing rapidly.
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a boss -- drawl to a boston >> reporter: in the latest round of retaliatory tariffs, china did raise what was a 10% tax on twang, no american accent is liquefied natural gas up to 25%. alike, america's best and worst accents re revealed, it's that sounds like a lot and it is. here's the thing. it might not cause much wednesday, may 15th. "fbn: a.m." starts right now. short-term pain because the president says the sempra ceo told him they're pretty much set lauren: here's how your money up here, in fact they're sold is moving at 5:00 a.m. afteafter major rebounds yester, out for 20 years. back to you. cheryl: thank you very much. treasury secretary steven mnuchin will be on capitol hill stock market futures hugging the today to testify on his flat line, searching for direction. department's budget but also european stocks also mixed expected to face budgets about investors determining who blinks first in a trade war with the the u.s. trade dispute with u.s. and china. president trump's softer stance china and the president's tax yesterday helped to boost stocks returns as well. in asia but we got new data out cheryl: nancy pelosi is set to overnight and that points to meet with robert lighthizer at more signs that china's growth 1:00 p.m. eastern today. is slowing down. the official topic, president the shanghai composite up just about 2%. trump's trade agreement with the he other major markets in canada and mexico. asia up half of 1% each. sources say the intensifying trade war with china also cheryl: we've got a lot of
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breaking news this morning. welcome to "fbn: a.m.." expected to come up. good morning, i'm cheryl casone. cheryl: we get the latest from lauren: happy humpday, halfway edward lawrence in washington. through. edward, good morning. good morning, i'm lauren simonetti. >> reporter: good morning. cheryl: breaking news just a senior administration official telling me that they are moments ago. planning on next round of talks the u.s. state department ordered all nonessential china at some point. nonemergency government staff to they're saying both sides would leave iraq right away. like to continue the conversation on this. the alert coming as tensions president trump saying that u.s. between the u.s. and iran could win a trade dispute, continue to rise in that region. saying our economy is larger and is in better shape than the washington said last week it he chinese economy. detected new threats from he offers this tip for whic tehran. we'll have more coming up later businesses to avoid the tariffs. on in the show. lauren: president trump paying >> you'll have no tariffs to pay a visit to a liquefied natural the if you're a business. all you have to do is build or gas facility in louisiana last night, touting his america first make your product in the united states, there's no tariff whatsoever. >> reporter: this could be a energy policy. cheryl: we have connell permanent shift in the supply chains away from yo chinese mcshane with all the details. >> reporter: this was not manufacturing, something they'll have to deal with in their technically a campaign event for economy. president trump but it sounded the chinese, for their like one inside of this $60 billion worth of tariffs they're upping up to 25% on june facility, he even spent time going after some of the potential 2020 opponents. he spent the bulk of the time dealing with a agriculture.
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and remarks sticking to the senator chuck grassley from iowa workers hereom his policies. says the farm belt is still with the president. >> farmers want that change and they're going to stand behind the strong position that the president's taken and i compliment the president because they know that china has to live by the rules of international trade, just like the united states and almost the rest of the world does. >> reporter: the administration is looking at a plan to use some of the tariff money to buy agriculture from u.s. farmers and n send it overseas to other countries for humanitarian aid. the u.s. trade representative office is upping the pressure here. there's a public hearing on junt the items, everything else that china imports into the united states, to be placed under a 25% tariff. the president can put everything china imports in the united states under tariff after that june meeting. back to you guys.
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lauren: retail sales rose more than 7% in april from a year ago in china, the slowest pace in about 16 years. chinese industrial production, that rose more than 5% last month but also less than expected. new factory orders in china and from abroad remain slow and we might get more insight into the health of the chinese economy amid this trade dispute when we get earnings later this morning from a alibaba as well as ten cent holdings, both of them prominent chinese companies. cheryl: trade will come up today during a meeting that will be held in washington. canada's foreign minister will meet with u.s. trade representative robert lighthizer and senator chuck grassley to talk about the new usmca trade agreement as well as the trade dispute with china and the steel and aluminum tariffs. she is expected to say canada would have a hard time ratifying a new nafta while steel tariffs
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remain in place. lauren: president trump is expected to sign an executive order banning american companies from using telecom companies that pose a national risk. cheryl: there was a hearing over huawei yesterday. it got interesting. hillary vaughn is in washington with all the details. good morning. >> reporter: good morning. republicans on the senate judiciary committee are drawing a red line for our european allies, it's either huawei or the usa. >> fundamentally, the private sector in china is an extension of the government and so if our allies decide to trust huawei, they're deciding to trust the chinese government with their big data. >> i just would like to echo that. it's not about overseeing howway, it's about oversee -- huawei, it's about overseeing china. >> reporter: they say it could cause a digital pearl harbor, letting huawei into our
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networks. all four major carriers in the u.s. have agreed to stay away from huawei. companies like nokia, samsung and erikson have 5g tech in the works. i talked with senator tom warner, former tech billionaire, turned one of capitol hill's biggest critics on the technology. >> are we in an arms race and do you think huawei should be treated as a national security threat? >> i think the challenges around huawei cannot be sol solved in e short-term. the ability for the companies to send updates to the edge of the system means that huawei, zte, others can constantly send updates that may include malwater. >> reporter: they say there are convincing allies in europe to get rid of huawei technology.
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they say it's a matter of time before it's too late and too expensive to turn back. cheryl: shares of uber showing signs of life. they rallied 8% yesterday to almost $40 a share many that's still below the ipo listing price of $45. despite the rise, many investors are still betting against uber. bloomburg reported short sellers put up nearly $1 billion against the company so far, what they definitely did not want. a loss for uber drivers, the national labor relations board ruled that uber drivers should be classified as independent contractors, that means they're not full-time employees, and they're not eligible for benefits and other items, something they've been protesting for over the last few weeks. lauren: let's get to other headlines making news this wednesday. the nation's strict effort abortion bill one step closer to
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becoming law. alabama's governor is expected to seen thsign the bill after te senators passed it overnight. it would prevent women from getting an abortion unless a woman's health is as risk. doctors caught doing the procedure could face 99 years in prison. facebook threatening rules around live streaming. it's instituting a one strike policy that would ban users from violating community standards. san francisco, the first u.s. city to ban facial recognition technology. city supervisors voting to stop police officers and other public departments from using the software, fearing the big brother technology would lead to a greater police state. the ban does not include federal agencies or city businesses. costco keeping up with walmart when it comes to salary. according to glass door, costco pays general managers an average
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of $106,000. employees also receive cash and stock bonuses. profit sharing and commissions as well. last week, l walmart revealed its store managers made an average of $175,000. we have a winner in the zion williamson lottery. >> if that means that the number one pick in the 2019 nba draft goes to the new orleans pelicans. lauren: the pelicans had a 6% chance of winning the top pick in the upcoming draft but managed to leap frog several teams for the right to claim the top prize. that is expected to be zion williamson from duke, one of the most hyped prospects in years, cheryl. cheryl: all about the new blood coming into the nba. taking a look at u.s. futures right now, it has been a pretty volatile week. right now, pretty calm start to your morning. i think we're going to take this. dow is up 7 points right now, s&p up by a point, nasdaq up 11 and a quarter. coming up, the acting faa administrator heading to capitol
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hill to face lawmakers today following two deadly crashes. was the faa's relationship with boeing too close for comfort? and if all you ever wanted was a quiet and relaxing uber ride -- yes? you may be in luck. how the company is curbing chatty drivers many you're you're watching "fbn: a.m." ♪ big old jet airliner. ♪ don't carry me too far away. ♪ oh, big old jet a airliner. ♪ because it's here that i've got to stay. oh...i needed this. no, i can't believe how easy it was to save hundreds of dollars on our car insurance with geico. we could have been doing this a long time ago. so, you guys staying at the hotel? yeah, we just got married. oh ho-ho! congratulations! thank you. yeah, i'm afraid of commitment... and being boiled alive. oh, shoot.
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no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. cheryl: acting faa administrator daniel elwell will be on the hot seat on capitol hill. he's expected to face tough questions following two deadly crashes of boeing 737 max jets. a flight control system suspect r&d of causing both tragedy, will today's hearing help the nation's airlines calm passenger fears. let's bring in travel e travel , amy west. we've never seen a time in history where people are getting onto airplanes, making sure it's not a boeing p 737 max. how will the airlines handle the summer. >> they're making sure passengers are not affected as much as we might think they
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would be. as a whole, there were around 40 -- 40 some odd of these actual equipment that were on the ground for southwest who had the largest fleet here in the united states. and they've done a lot of work, switching out, bringing in other equipment so that there were less cancellations affected passengers. cheryl: they are trying to get ahead of this for the summer travel season which of course, amy, is the busiest for all of them. i've seen some reports that the best case scenario, these jets will get back flying by maybe mid-august. but i've seen some analysts say people -- your colleagues say it could be the fall, because this isn't just a u.s. story with these planes, it's a global story and these are out of service around the world. do you think this is going to affect ticket prices for consumers? >> well, no doubt it could affect them. i think we're going to see the increase in fuel prices and what's happening there affecting it larger but certainly with some of the cancellations that
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are happening because there are grounded flights, we could see it playing an overall increase in ticket prices. cheryl: also, in general the expectation going into the summer, and we haven't started yet, we're waiting for memorial day, but the expectation was that prices in general were going to be lower this year versus the last two years between higher fuel prices and the 737 max that we may not see that play out. what are you seeing as far as pricing out there right now. >> well, right now we're seeing an increase in domestic flights. however, although there's an increase in purchase on international flights, those prices are going up just a little bit. what we're finding is that as summer is rolling around, more and more people are going to be looking to book their travel. you're going to find deals at the beginning of june and then gradually those prices will increase. cheryl: you mentioned fuel price as well. we've got this conflict with iran that seems to be escalating.
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so there's a chance that oil prices could really start to move higher. i know airlines hedge their fuel purchases, they hedge their jet fuel purses, but if oil continues -- purchases, but if i'll continues to go higher, what kind of impact could that be. you mentioned that could be more of an impact than the 737 max issue. >> with the recall international relationships at a critical mass at this point as well as with u.s. and north american refineries having maintenance issues right now, we're seeing a little bit of a shortage in supply, which is where you're going to see those fuel increases really affecting summer travel prices. cheryl: we're going to have to see how this plays out. it changes. i always look on tuesdays. that's my new habit. >> that's a good thing to do. cheryl: thank you very much. lauren stilllauren: still aheas are reacting positively to
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president trump's seemingly softer stance on china. and a vocal critic is betting against elon musk and his plans for tesla's self-driving cars. we'll have those stories coming up on "fbn: a.m.." ♪ maybe you're a rich man. ♪ maybe you're a rich man. ♪ maybe you're a rich man. ♪ you keep all your money in a big brown bag
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take your business beyond. lauren: the former ceo of goldman sacks may be aligning with president trump on trade. he tweeted tariffs might be an effective negotiating tool, saying it hurts us misses the point. china relies more on trade and loses more. let's bring in aaron desin, a wealth advisor and he joins us now. good morning, aaron.
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>> good morning. thanks for having me. lauren: we see that tariffs hurt businesses. they hurt the consumer. but are they effective as a tool to get the policy that we want? >> i don't think that overall the tariffs have a huge impact. if you look at a combined gdp in 2018 between china and the u.s., you're looking at $34.1 trillion. on tariffs right now it's $65 billion, that's less than one-fifth of 1%. lauren: that's the impact of china tariffs, is that what you're talking about there? >> correct. it's important to realize that the u.s. is the net buyer and china's the net seller. so u.s. exports to china account for less than 1% of the u.s. economy. lauren: so then, aaron, you argue that this trade dispute is going to hurt who more? which side more? >> i would say that it hurts china more. i think it's to their benefit,
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being the net seller in the relationship to come to the table and come to an agreement. lauren: right. but yet you look at china's -- their national newspapers, there's an editorial in one of them today and it says what the u.s. has said is totally groundless and only hurts others, without benefiting itself and they point to u.s. businesses generating $700 billion of revenue in china. so you have that stance coming out of china, saying it hurts the u.s. more. the u.s. saying the opposite. who blinks first? >> that's a great question. i think it's a lot of posturing on both sides. but i think that china will blink first. as i said, they're the net exporter in this relationship and i think ultimately they have more to lose. lauren: we get data in the u.s. today on retail sales for the month of april. we had a great, strong 3.2% print for gdp at the start of the year but this is a second
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quarter number. do you think this estimate of 0.2% retail sales growth in april shows that maybe the trade war is starting to affect consumers and businesses here? >> i don't think that we've seen it affect consumer spending with increase in u.s. gdp. i do think that slows down to businesses but i think so far globally we've seen earnings estimates and gdp estimates exceed analyst expectations and i think that will continue. lauren: aaron, thank you. >> thanks. cheryl: let's take a look at your money and trade and how everything is moving on this wednesday. as you can see right now we've got green arrows just to the slight upside. hey, we'll take it. dow up 3, s&p up 1 and a quarter, nasdaq up 13 and-a-half. things could change because coming up next the u.s. and iran both insisting that neither country is seeking war, but now iran is warning that may be the next step if president trump
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keeps listening to one of his top advisors. what is next for america in the region? and a 1985 ferrari worth millions was stolen right from under the owner's nose. this is a crazy story. you're not going to believe it. that's coming up on "fbn: a.m.." ♪ come on and take a free ride. ♪ free ride. ♪ come on and take you by my side. ♪ come on and take a free ride.
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lauren: let's get you caught up on global market action overnight. we had a major rebound in the u.s. yesterday. right now, there's cautious optimism, if you will. futures hugging the flat line, dow down 8 points, nasdaq up 9. there is a report, and this could show investors might be spooked by the trade dispute with china and also perhaps a recession, the federal reserve board of new york, their gauge on the possibility of a recession, the highest since the financial crisis. european markets relatively flat
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this morning, certainly mixed at this hour. let's show you the close in you asia, definitely responding to the handoff they got from the u.s. yesterday. the shanghai composite up 1.9%, but we do continue to monitor data coming from china that shows that economy is slowing down. cheryl: well, we brought this breaking news to you at the top of the hour. the u.s. state department has ordered all nonessential, nonemergency government staff to leave iraq right away as tensions with iran continue to rice in the region. president trump and mike pompeo expected to discuss the situation in iran today following the secretary's visit to russia. the u.s. as you know has deployed an aircraft carrier strike group to the gulf. that was last week. they did cite increased iran threats. tehran is accusing the trump administration of trying to pull it into a war. lauren: let's go to rich edson at the state department with all this. >> reporter: mike pompeos first
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trip to russia a as secretary ad iran on the agenda. >> we're looking for the regime to stop conducting assassination campaigns throughout europe. >> reporter: the new york times reports patrick shanahan has an updated military plan to send 120,000 troops to the middle east if iran attacks american forces or accelerates work on nuclear weapons. >> we have not planned for that. hopefully weeks not going to have -- hopefully, we're not going to have to plan for that. >> reporter: according to iranian state television, the supreme leader says there will be no war with the united states. as the u.s. expands its military presence in the region, saudi arabia says armed drones attacked and damaged an oil pipeline. iranian aligned rebels in yes, ma'am pen claimed they tar -- we men claimed they targeted vital saudi facilities with drones. the u.s. is investigating suspected sabotage of saudi
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tankers. the iranian foreign minister calls the attack suspicious. president putin says the united states and russia can rebuild their contentious relationship because special counsel robert mueller has finished his report. >> he had a very objective investigation and he confirmed that there are no traces whatsoever of collusion between russia and the incumbent administration which we said was absolutely fake. >> reporter: the mueller report did find sweeping and systematic russian interference. hours earlier, secretary pompeo warned the u.s. would no not tolerate russia's meddling in the 2016 election. >> i would encourage them not to do that. >> reporter: secretary pompeo says he discussed arms control, syria, afghan taken, north korea and ukraine. on venezuela, the secretary said he hopes russia ends its support for the maduro regime.
quote
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russian officials suggested that's unlikely. lauren, cheryl, back to you. cheryl: rich edson, thank you so much. for more on the rising tensions between washington and tehran, retired army lieutenant colonel daniel davis joins us this morning. colonel, it's so good to have you here, sir. >> thanks for having me. cheryl: we look at the strait of hormuth and the rhetoric going on between washington and tehran, an iranian official blaming john bolton, claiming he's pushing the president into war. is the threat as strong as the words? >> categorically, there is no security threat to the united states coming from iran right now that we can't handle with just our normal forces. but you see with this latest statement out of the state department about the moving civilians out, sending in the new aircraft carrier with the other force, talking about up to
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120,000, there's lots of actions an lots of words that seem like war is coming up and i can just tell you flat-out -- i was in iraq twice on combat deployments, four times overall, if you think the iraq war wassed bad, it would be disastrous if we got into a war with iran, we must avoid that at all costs because it would not help us. cheryl: so it's posturing. to echo your words here, there was afudc general at the pentagon -- u.k. general at the pet gone who went on the record and said i see no escalation in the threat from iran. we've always had a military presence for the most part except for during the obama administration, just for posturing sake when iran negotiations were going on, we always have a military presence in the persian gulf. a third of the world's he sea borne oil goes through the strait ostrait ofhormuth. how do we backtrack here? >> we don't have to necessarily
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backtrack. we have to lower the tensions. when whoa about the military -- when we talk about the military contingencies and number of troops, that raises tensions. then you have small issues like the attacks on a ship an a pipeline and all, then you have people reacting in different way that's could draw you into a war. we need to tone down the rhetoric and tone down the movement. cheryl: maybe you should talk to bernie sanders who is running for president. he tweeted out something about john bolton. he said the american people don't want endless war. we can't allow donald trump and john bolton to drag us into a war with iran. what do you make of that? >> quite frankly, john bolton without question is much more hawkish than president trump and trump a few days ago said he reins back john bolton. trump is talking about i'm willing to talk to the iranian
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regime, as bad as they've been. that's something we should encourage. but i do think maybe if he reined him a little bit more, it might help. cheryl: colonel davis, great to have you here this morning. lauren: here are other headlines making news this morning. americans are having fewer babies. the centers for disease control says about 3.8 million babies were born in the u.s. last year, that's the lowest in 32 years. if the trend continues, experts say the u.s. could see population declines and a workforce too small to support retirees. donald trump junior will testify before the republican controlled senate intelligence committee. the president's son agreeing to sit down for a limited session behind closed doors sometime next month. lawmakers threatened to hold him in contempt after he originally refused to comply with the subpoena. the interview will be focused on his testimony from back in 2017 about plans to build a trump tower in moscow. a vocal critic betting against
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elon musk. former hedge fund manager whitney tilson is wa is wagering $10,000 against anyone who thinks tesla will get self-driving cars on the road next year. tesla wants to build a ride sharing network rivalling uber and lyft. tilson says that's that will not happen any time soon. aston martin is working on a replica car made famous in the film gold finger. they will have functional smoke screen generators, simulated oil slick spreaders and recoiling machine gun barrels. the hand made cars are being sold for roughly $3.5 million each. meanwhile, in germany, get this, police are looking for a stolen 1980s ferrari believed to be worth more than $2 million. it disappeared after a man posing to be a buyer drove off
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during a test drive. when the seller stepped out of the car, the thief sped off with the car. police are asking the public to keep an eye out for this bright red 288 gto. looks about lful. cheryl: it really -- beautiful. cheryl: it really does. after days of soggy and chilly weather in the east, wet and cool weather now expected out west. lauren: senior meteorologist janice dean live in the fox weather center with a reversal of the forecast we've been seeing. janice: we're finally moving the rain out of the northeast and the west coast will now be dealing with a potential severe weather outbreak this weekend. we're at 45 in new york. we'll make sure the rain moves across up towards canada and out of the picture and then we deal with the potential for some of the energy moving into the west, bringing heavy rain and mountain snow to push into the central u.s. and bring us the potential for severe weather setup for
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several days, starting friday, into saturday, then sunday. so across these areas, we could see the potential of heavy rainfall, large hail, damaging winds and tornadoes. so this is the area we typically see severe weather during the springtime and we certainly will get that starting on friday, ladies. so people need to be paying close attention to their local forecast. across the northeast, better weather. whew, thank goodness. lauren: thank you, janice. we're grateful for that. cheryl: we're following something that has kind of changed direction over the of last few moments. right now, the dow,-shall-we --e been up slightly. we just went red within the last five minutes and the selling seems to be picking up. we're on it. dow is down 53 in the premarket, s&p is down 5, nasdaq is down 5 and-a-half. we're pulling nonessential personnel out of the iraq embassy.
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we're on it, folks. we'll keep watching futures. coming up, a brand-new push to secure the bore decks hour bordm now we're expecting a first look at lindsey graham's asylum bill. the head of the pentagon is sounding the alarm on the extreme situation down south. and america's sexiest accents just re -- revealed. >> i'm from long island. i'll take the railroad, l.i.r.r. >> you're embarrassing yourself. >> new york, long island, billy joel. cheryl: can you guess where that accent actually fell on the list? we're going to have that list coming up on "fbn: a.m.." ♪ don't believe me, just watch. ♪ don't believe me, just watch. ♪ don't believe me, just watch.
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lauren: senator lindsey graham is set to reveal his brand-new immigration plan today, targeting the backlog of asylum seekers, as administrative officials call the situation at the border extreme. cheryl: griff jenkins is live in washington with what we can expect today on this gripping issue. good morning. >> reporter: good morning. what's coming is a big push on immigration reform. yesterday, jared kushner and steven miller took to capitol hill for a lunch people with gop senators, briefing them on the outlines of a plan that has been
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in the works for weeks. it's expected to address issues at the border. lindsey graham told reporters i don't think it's designed to get democratic support, as much as it is to unify the republican poorparty around border securit. fox news is told highlights of a plan will include a few things, like this. establishing refugee processing centers where central american and mexican migrants will a apply for asylum rather than in the u.s., and modifying the law where families can be held together up to 100 days, adding 500 immigration judges to wipe out the asylum backlog which has more than 800,000 cases with an average wait time of more than 700 days and changing the unaccompanied minor policy for central americans so they can be returned to their country of origin after screening, this comes after patrick shanahan
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said that the president wants action. >> he said i need better results, deliver more. the situation is extreme. fix it. that's why we're here. we understand. there's never been a lack of commitment to fixing it. it's just with these trends and the increases, it's getting worse. >> reporter: worse indeed. when i talked to the agents on the border, they tell me that it is an overwhelming situation. you can see more of brian's interview with defense secretary shanahan and dhs secretary mackleanen laters this morning. cheryl: thank you. lauren: let's take a look at your money this morning. balls we had a muted start to the show at 5:00 a.m., but now we're seeing the red continue to build on your screen. dow futures now down 66 points, that's a quarter of 1%. the broader market is down by the same percentage point. coming up, we're going to take a
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look at socialism versus capitalism, president trump is touting america's energy independence but socialists are calling for a green new deal tax. we're going to take a look at that debate. and they say the focus is on the journey, not the destination. but where you're going could make all the difference. the worst airport in the country just revealed and we'll have it here on "fbn: a.m." cheryl: i'm sure i've flown through it. ♪ mr. blue sky. ♪ please tell us why. ♪ you had to hide away for so long. ♪ introducing... smartdogs. the first dogs trained to train humans. stopping drivers from: liking. selfie-ing. and whatever this is. available to the public... never. smartdogs are not the answer. but geico has a simple tip.
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author of heaven on earth, the rise, fall and afterlife of socialism. why do you think that socialism is blaming in popularity, especially on the campaign trail. is capitalism in crisis? >> socialists have been saying that capitalism is in crisis all the way back t back to karl mn the 1840s. inned stead, it continues and keeps generating wealth for people and making our lives much richer and much better. lauren: what's triggering the popularity of socialism right now or what is causing -- is it the wealth gap in the nation that's causing the quote, unquote crisis of capitalism that we hear from many on the left? what's the trigger right now? >> i think probably the increasing disparity of incomes, increasing inequality of
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incomes, the fact that we've been through a long period which is now over and in which wages were not rising at all, so it seemed that the people at the lower wrungs of the economic ladder were stuck in place, which they were for a period of time. but don't seem to be anymore, with the data we have over the last few years. so i think that has sparked this, as well as we saw in 2016 a broader sense of discontent that was tapped into, both by president trump and by bernie sanders on opposite ends of the political spectrum. but just some kind of restlessness among the electorate and now there are dozens of other politicians that want to try to tap into it a too. lauren: you're a professor. what do your students say to you and how do you teach them about capitalism and socialism? >> the main point about
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socialism is to learn the history. it's on paper a beautiful attractive idea, we'll all share everything, we'll all be equal, we'll all be brothers and sisters. that idea was formulated first in the french revolution and then for 200 years people all over the world tried to make a reality of it with disastrous results. absolutely. with tens of millions of lives being taken as a result. and yet no one could ever do it. no one could ever create, make this dream real. and if you just stop and look back at this experience, it's kind of crazy to say, well, let's try it all over again. lauren: you're saying it never works. joshua, thank you for joining us this morning. >> thanks for having me. cheryl: coming up, ever feel like your uber driver is just a bit too chatty? well, uber hears you and they're trying to do something about it. that's coming up.
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here's a question for you. do y'all find a southern twang sexy? lauren: that's pretty good. >> let me tell you this, the older you do get, the more rules they're going to try to get you to follow. you've just got to living, man. livin. cheryl: are you living in a city that talks with america's sexiest accent. lauren: i'm from new york. cheryl: you're on the list but i don't know, you may not like it, coming up next on "fbn: a.m." ♪ god blessed techs as wit texan hand. ♪ brought down angels from the promised land. at help save live. let's make open source software the standard. at help save live. let's create new plastics that are highly recyclable. it's going to take input from everyone. so let's do it all, together.
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lauren: tracee carrasco with the list, what's on top. tracee: list based an airports around the world. u.s. airport did not rank very well globally. newark airport was the worst airport, 116th out of 132. number 34 atlanta international. >> really? tracee: according to list best airports in the world tokyo
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international airport. lauren: from sky to the roads, if you have a chatty driver there's a solution? tracee: so you're paying extra for that peace and quiet, this will probably encourage people to pay more. they don't want a chatty driver. cheryl: i will take it. america's sexiest accents. tracee: most attractive accents come from texas. cheryl: of course. tracee: matthew mcconaughey.
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the least attractive accent number 1, long islander, number 2, new jersey, number 4 alaskan and 5 california valley accent. okay. lauren: yeah, how come staten island is not on list? tracee: new jersey shore. cheryl: we would like to thank everybody. maria: good morning, everyone, thanks for joining us, it's wednesday may 15th, happy wednesday, everybody, top stories 6:00 a.m. on the east coast. breaking news this morning, escalating tensions with iran. u.s. ordering nonemergency embassy staff to leave iraq immediately. signs of slowdown in china to report. new numbers show weakness in the economy before president trump's
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new tariffs go into effect. facebook restricting live streaming as company faces pressure over content surrounding terrorism. record-breaking auction, monet painting for 9 figures. mornings with maria begins right now. ♪ ♪ maria: breaking news this morning, u.s. ordered all nonemergency staff to exit
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