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tv   FBN AM  FOX Business  September 13, 2019 5:00am-6:00am EDT

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and for every challenge and there are many, this president is reveling in it all. cheryl: it is 5:00 a.m. here are your top stories. pulling no punches, the top 10 democratic candidates took to the stage in texas last night with frontrunner joe biden taking shots from all sides. lauren: is the end in sight? president trump eyeing a possibler interim trade deal with china as another trade meeting inches closer. cheryl: google subpoenaed by attorneys general from a across the nation as questions about their business practices take front and center. should investors brace for a long, protracted battle. lauren: the search for love is a tale as old as time. there is a report that maybe it's time to stop dating for the sake of your bank account and your health. it is friday, september 14t 14t.
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"fbn: a.m." starts right now. ♪ ♪ it's something unpredictable but in the end it's right. ♪ i hope you had the time of your life. ♪ lauren: welcome to "fbn: a.m.." let me correct myself. it is friday, september 13th. a spook hey friday indeed. i'm lauren simonetti. cheryl: friday the 13th it is. we have green arrows to show. you good morning, i'm cheryl casone. lauren: your money is not spooked this morning or this week. the dow is on track for eight consecutive days of gains which would be the longest winning streak since may of last year. futures up 69, nasdaq futures gaining 15, s&p up 5. cheryl: 5 the u.s.federal reserg the yield on the 10 year. there's a gain ott 3 basis points, 1.8%.
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lauren: concerns over slowing demand are weighing on oil prices this morning. $54.65 a barrel, down 43-cents. cheryl: over in asia, the markets in south korea closed for a holiday this morning. there are numbers to show you, green across the board in asia. lauren: let's take a look at european markets this friday morning. mixed bag. you have the ftse in london a third of 1%. but the cac in paris and the dax in frankfurt up about two-tenths of a percent each. cheryl: it was a texas sized battle in houston last night. 10 democratic candidates clashed on everything. biden, warren and centers taking their best shots at each other while trying to unite under the message to defeat president trump. lauren: went on for three hours. hillary vaughn is live in houston with the blow-by-blow. hillary, what a night. >> reporter: good morning. what former vice president joe biden finally took on senator
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sanders and warren over their healthcare plan, saying they're not affordable and saying that bernie's plan to pay for it only covers half of the cost. >> i know that the senator says she's for bernie. well, i'm for barack. how are we going to pay for it? i want to hear tonight how that's happening. thus far, my distinguished friend, the senator on my left, has not indicated how she pays for it and the senator has in fact come forward and said how he's going to pay for it but it gets him halfway there. my friend from vermont think the employer will give you back if you anything other yate negotial give back to the employee. >> as a matter of fact they will. >> for a socialist, you've got a lot more confidence in corporate america than i do. >> reporter: last time in detroit, candidates took turns dumping on president obama's immigration policy and that forced biden to defend it, since
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he served as his vice president. but this time a lot of candidates had a lot of praise for president obama. juliannjulian castro said he's e that's fulfilling obama's legacy, not biden. >> are you forgetting what you said two months ago? are you forgetting already what you said just two minutes ago? i mean, i can't believe that you said two minutes ago that they had to buy in and now you're saying they don't have to buy in. you're forgetting that. >> i said anyone but their grand r mother who had no money, you're automatically enrolled. >> i'm fulfilling the legacy of barack obama and you're not. >> i'll be surprised -- a that will be a surprise to him. >> reporter: the trump campaign, who paid to have a plane fly a giant banner over the debate hall, last night missing from the questions were questions about the economy, about jobs,
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about wages. that was missing from the conversation. the trump campaign is reacting to everything that happened last night, saying it was just an infomercial for trump's presidency. cheryl: hillary, thank you very much. lauren: president trump once again talking about the possibility of a trade deal with china amid easing tensions between the two super powers. the president told reporters he would rather have a full agreement on the outstanding issues but he's willing to look at something short of that. >> you i see a lot of analysts are saying an interim deal, meaning we'll do pieces of it, the easy ones first. but there's no easy or hard. there's a deal or there's not a deal. but it's something we would consider, i guess. but we're very -- we're doing very well. we're doing very well. lauren: lower level officials from the u.s. and china are due to meet next week in washington with senior level officials set to hold their official 13th round of trade talks next month.
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cheryl: president trump telling republican lawmakers in baltimore about an upcoming plan he has to help the middles class. >> we're working on a tax cut for the middle income people that is going to be very, very inspirational. it's going to be something that i think it's what everyone's really looking for and we'll be announcing it sometime in the next year. cheryl: well, the president went on to tell the audience that the democrats are trying to demolish the middle class, as protesters gathered outside, calling president trump, quote, the rat king. lauren: well, the house judiciary committee setting the rules for impeachment hearings against the president. cheryl: edward lawrence has all the details for us from washington. edward, good morning. >> reporter: good morning, lauren and cheryl. the democrats take the house judiciary committee down the road of impeachment. the vote sets the rules for the process going forward that include allowing staff to interview witnesses. it also treats some comments and
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evidence as confidential and allows president trump to respond to the investigation in writing. >> the investigation will go well beyond the four corners of the mueller report. it will be starting with a first hearing on september 17th. we'll be expecting among others mr. lewandoski to testify. >> reporter: republicans did not hold back. >> the committee has become a giant instagram filter, to make you appear something that's happening that's not. >> i called it impeachment in drag, we dressed up impeachment like an oversight hearing. >> will the gentleman yield so he can answer the question. >> yes, we are engaged in impeachment investigation, we are moved aggressively forward on the for the people agenda, about driving down healthcare costs, driving down the cost of
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prescription drugs, taking on the corruption. >> reporter: and the he vote to go forward will satisfy the impeachment-hungry base in the democrats but some moderate democrats are starting to push back, saying the impeachment talk and the movement forward is overshadowing all the good things they're trying to do. back to you. cheryl: edward, thank you. well, the google anti-trust probe by 50 state attorneys general has intensified. the company has been subpoenaed for details on its acquisitions of several companies that have helped its advertising business. the investigators are working to determine whether google engaged in anti-competitive conduct in building up its powerful position around the world. meanwhile, google agreed to pay more than $1 billion in fines and back taxes to settle a pair of tax disputes over in france. there is google in the premarket. despite this, up a quarter percent. lauren: i was just going to say that. the tech giants are weathering the regulatory storm. federal investigators are releasing a preliminary report on that deadly california boat
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fire. the dive boat fire. the entire crew was asleep when thee began, 34 people died on labor day off the coast of california. five crew members did survive. the ntsb says the full investigation is going to take a while, it could take over a year. cheryl: well, a tough first day for smile direct club, its first day of trading. lauren: tracee carrasco has the he details on what that could mean for future ipos. tracee: shares of the company which deals with liners for dentists to straighten your he teeth, that sent the stock plunging nearly 28%, closing above $16 a share by the ipo was priced at $23. the he decline is the worst debut for a u.s. company valued at more than $1 billion according to deal logic. bad news for some whole foods workers. the company is slashing healthcare benefits for nearly 2,000 part-time employees
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starting next year. the reason, to qualify for benefits people will have to work a minimum 30 hours a week instead of 20 hours. and billionaire investor carl icon moving south. the new york port reporting he is relocating his hedge fund to miami next year. he'll be closing his new york offices and has asked employees to move as well. he is the latest in a string of financl executives to leave the northeast for florida, which has lower taxes. plus, earning cash back from pepsi, the food and beverage company going to pay you to eat junk food. it's launching a rewards program where you can get up to 10% back on the cost of some products like doritos and mountain dew but you do have to sign up for the program pep point ahead of time and link it to your venmo or pay pal account. and that is what's happening now. cheryl: another way to get all those doritos in effectively and make some money.
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trace, thank you very much. take a look at futures this morning on this friday. well, we may have another day of gains on our hands today, eight days in a row, dow up 65, s&p up 5, nasdaq up 15 and-a-half in the premarket. we'll see how markets open. ahead, the gloves were off, especially against frontrunner joe biden last night. can the front run re frontrunnes lead in the polls of after last night's debate in texas? we debate it here. popeye's is cashing in on the limited edition chicken sandwich. how the restaurant wants to define -- redefine byob. you're watching "fbn: a.m.." ♪ he likes bread and butter. ♪ he likes toast and jam. ♪ that' he's my loving man. ♪ well, i like bread and butter. geico makes it easy to get help when i need it.
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lauren: ten candidates, three hours, one stage last night, in houston tore the third democratic primary debate. it was a battle of socialists versus moderates and it was joe biden against them all. >> you said they would have to buy in. >> it's a qualify for medicaid, you automatically -- >> are you for getting what you said two minutes ago. >> donald trump in office on trade policy, he reminds me of that guy in the wizard of oz, when you pull back the curtain, it's a really small dude.
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[ laughter ] >> m my campaign will give a freedom dividend of $1,000 a month for an entire year to 10 american families. >> hell, yes, we're going to take your ar-15, your ak-47, we're not going to allow it to be used anymore. >> nobody said how much it's going to cost the taxpayer. i hear this large savings, the president's saying -- my friend from vermont think they'll give back the money to the employee. >> as a matter of fact, they will. >> for a socialist, you've got a lot more confidence in corporate america than i do. lauren: republican strategist, ford o'connell is here many you heard the fireworks last night. the biggest question, is joe biden still the frontrunner? did anything change last night? >> joe biden went in as the frontrunner and came out as the frontrunner. as long as joe biden is pulling near majority support with
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african americans and seniors, he's going to be the nominee. there's no question about it, elizabeth warren and bernie sanders are nipping a at his heels. if they can't pull away those voters that biden's strong with, he's going to sail all the way to the nomination. lauren: we also have democratic strategist steven cob with us. if you expected a battle last night between elizabeth warren and bernie sanders, against each other, or against joe biden, you were disappointed. >> well, i really wasn't expecting that. what i expected to see is i think what we saw, which is the other seven candidates really starting to mix it up and try and differentiate themselves from those three frontrunners. i thini think that's what you ss people trying to have their moment and rise above. so people like mayor pete, people likpeople like beto, casi think fell a little flat. lauren: he went after joe biden about his mental ability and about his age.
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he was getting criticized for that move. we thought that would happen, if you attack biden because of his age, you would come across looking mean and that's exactly what happened, ford. >> well, i will say this. he did come across looking mean, but it's something that a lot of folks -- it's on the minds of the democratic field. there's no question about it, joe biden had some senior moments last night. when he said nonviolent criminal offenders shouldn't go to jail, right now, bernie madoff is rolling over in his grave p. what he said about his support of iraq and afghanistan will leave him cross-wise with the many democratic base. castro is not going to win the nomination of. this is a three person race and what he did last night was what a lot of other people actually wanted to do. lauren: and -- >> i'm not sure it's just a three person race. i think one of the things that ford is correct with is that when you take on a frontrunner as pointedly as secretary castro did, sometimes you get the backlash for it he might have tried to damage the former vice president but it's equally as
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likely he probably damaged himself as well. lauren: he may have helped biden in the end. steven, we heard expensive plans, medicare for all from many of the candidates last night. can you speak about that and then also where was the talk of the economy? they're in houston. the energy capital of the united states. and there was no talk of the economy overall. >> well, i think healthcare remains to be one of those issues that is important not just to democratic primary voters but voters across the country. democrats are leading the debate in that area. the majority of people on that stage really talked about expanding the affordable care act. and they have interesting ideas on the way to do it. the president has really put forward no ideas on healthcare. it's an area where democrats are leading the debate. that's going to be a particular issue of interest in 2020. lauren: go ahead, finish your thoughts. >> well, and on the economy, i
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think that that played out when they were talking about education. i think it played out when they were talking about the environment and it's something that was an underlying issue that was throughout the three hours and across subject matter. lauren: ford, i'll let you respond to the same question. where was talk of the economy? >> i think it's shocking they didn't talk about the economy over a three-hour period. it's obviously a hat tip to the trump campaign. where the trump campaign is extremely happy is the agenda being put forth, this command and control agenda, eliminate fossil fuels, end private insurance, confiscate guns, that tantamount to socialism and undermines the american dream. if donald trump can relate that to voters in the suburbs, he'll be reelected as president. lauren: he did that with that big banner, right. >> that's not the policy of most of the candidates on stage. >> affording to mcclaspy, joe biden would have the most radical agenda in the history of a presidential nominee on the
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democratic side, from climate change to healthcare, he's three steps to the left of hillary clinton. we know how that turned out for hillary. 'm not going to take someone else's subjective analysis when we're talking about expanding healthcare, when we're talking about jobs, we're talking about helping the environment. that's not a radical agenda. this is common sense. lauren: but to ford's point, steven, the former vice president is being pushed to the left because of the number two and the number three candidates out there. but we have more debates and we have po potentially more candids being able to get in. we have to leave it there. steven, ford, thank you for the time. >> thanks for having us. cheryl: take a look at action on wall street this morning. the dow on pace for the eighth straight day of games. retail sales coming out this morning, that could change the game. dow up 68, s&p up 5 and-a-half. coming up, to deal or not to deal, president trump says he may be open to an interim agreement with china.
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over trade. is this a truce on intentions between the two countries? ahead of today's retail sales numbers, big news from old navy. how the company is taking the opposite direction from the competition. you're watching "fbn: a.m.." ♪ i don't want to take what you can't give. ♪ i don't want to stop and eat your bread. ♪ i would rather run but i can't walk. ♪ guess i'll lie alone just like before. at synchrony, we're changing what's possible every single day.
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go beyond the expected, to do the extraordinary. take your business beyond. cheryl: president trump says while he would prefer a comprehensive trade deal with china, he would be willing to consider an interim trade deal. our next guest says doing a deal that way actually makes sense. mitch rochell is here. why would that make sense, do you think? >> i think it's something that shows how comprehensive all
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these things are, from national security concerns with huawei and the like, with the theft of ip, doing it in pieces just makes sense because it's probably too ambitious to do everything at once. cheryl: what do you make of the journal report that china wants to narrow trade talks down on two tracks, whether it's human rights violations or structural changes in china, one side, and tariffs and the business side on the other. what do you make of that? >> the business side is important. a, their economy is slowing. the journal reported last week their economy may be slowing more than their official numbers. they're feeling pain there. the tariffs are a big part of it. they want the tariffs gone, they just want them gone because they can't sort of move forward with that hanging over them. their response is to potentially quote, unquote, manipulate their currency as a retaliation. that's not good for their economy long-term. that's why they put that in one lane and everything else in another lane. cheryl: there's so much back
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and forth, 13 rounds of talks. >> some of them aren't even rounds. cheryl: it's not just businesses that have to plan on this but investor does as well. a lot of folks actually do own pieces of chinese companies. they do own companies that do business in china. and it makes you nervous. >> i think if you own a piece of the s&p 500 in an index fund in your 401-k, you own trading with china. because china is such a big trading partner for all multinationals. cheryl: retail sales coming out for august this morning. obviously the consumer spending habits, that's going to be another snapshot. >> i think the market's hanging on that number, that's probably one of the bigger numbers this week. the consumer is driving our economy, it's 65 to 75% of our economy in any given quarter. and the fact of the matter is, how retail sales fare is going to be an indication of what third quarter gdp looks like. cheryl: real quick, steven mnuchin looking closely at the
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possibility of 50-year bond. >> i think he -- cheryl: what do you think of that? >> he also hinted towards a 100 year bond. the president's a real estate developer if a real estate developer could lock into low rates forever, they would do it. cheryl: 50 year mortgage. >> by the way a lot the way, a n countries have 50 year mortgage and switzerland has 50 year treasury which is below zero in terms of yield. it's not uncommon monday to have a 50 year treasury around the world, so if we want to be in parody, we might as well. cheryl: mitch, thank you very much. >> have a great weekend. cheryl: over to you. lauren: the parent of the office rental space company rework will list shares on the nasdaq. we company will start pitching the ipo to investors next week ahead of the trading debut. the company was dealt several
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big blows in recent days including a valuation that's been cut in half to potentially under $20 billion. the wall street journal is reporting that this is forcing we company to make changes to corporate governance. still ahead, more than 100 ceos write a letter to the senate to take action on gun control. but do companies put their employees and investors in danger when they enter politics? and felicity huffman will learn her fate today as the actress heads to court for sentencing in the college admissions scandal. does she avoid jail time? keep it here on "fbn: a.m.." ♪ you got me on the run. ♪ it's a legal matter, baby. ♪ a legal matter from now on. ♪ should always be working harder. that's why your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today.
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lauren: $270 million settlement between purdue pharma and oklahoma may be less painful to the drug maker than it appears.
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usa reporting the deal is structured in such a way that it could let perdue pharma write off part of the payment on taxes. the company reached a settlement with thousands of local governments in nearly two dozen states. cheryl: h.cheryl: later todaye will hand out the first sentence in the college admission scandal. prosecutors are asking the judge to send felicity huffman to prison. will he? her defense makes a good argument of. nobody wa physically -- move was physically harmed here. she's asking for community service, pay a fine, probation. what do you think? >> i think she'll come away with no jail personally. first of all, the plea agreement she entered into, the government said they would be asking for more time and they changed that. they were going to ask for four. they're down to one month. they were going to ask for four months, now they're down to one
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month. additionally, there is a huge decision that the judge has to decide, and that is whether or not the $15,000 that she paid can be used to enhance a sentence. and it really doesn't make much of a difference for huffman because of the numbers, they're so low and she's probably going to get no time but for others like lori laug lore loaf lori ld $500,000, the judge will allow whether the sentence guidelines will allow the others to get more time. cheryl: that's why we care so much about today in particular because it sets the stage for the rest of the defendants. lori laughlin pled not guilty, i think the concern is -- i think it's 40 years in prison she could be facing. doesn't lori loughlin's case bring up a lot more frankly avenues for the prosecution to make an example of her? >> yes. but the judge's decision, whether or not the amount paid
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could be enhanced is you critical, because that's the only thing that distinguishes her from hoffman. hoffman paid $15,000. loughlin paid $500,000. now, textbook is if it is qualified as a loss, then it's enhanced for more prison time. cheryl: real quick before i let you go, a real quick question. big news this week on google, the attorneys general from across the country going after google, looking at advertising rates, anti-competitive behavior. how big of a reach do you think this particular case is going to have against google? should investors be concerned? >> well, there's is an ftc and justice department investigation. we know that's going on. they announced that earlier this year. so what's help happening here, the state attorney generals i believe are getting very impatient and i don't think they should. they're overstepping their reach here. here they have subpoenaed google it's reported and the subpoena looks over-broad.
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if google wants to fight this with a motion to quash in federal court i believe that's their best effort to push back and let the ftc and justice department do what they need to do on the federal level. cheryl: the other side of that the states' cases will help the fed at the end of the day, it will be one big process of discovery and that could be bad for google and the rest of the companies. thank you again. >> you got it. lauren: the ceos of 145 u.s. companies jumping into the nation's couldn't h controversin debate. they sent a letter to the senate, urging lawmakers to take action on gun violence, seeking expanded background checks and red flag laws. ruby media group president chris ruby is here. thank you for coming on this morning. was that letter a good idea for ththe companies that signed on t what about amazon, tesla, et cetera that didn't sign on?
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>> it's a really interesting question. because if we broaden this out and really look at it, when we evaluate was it a good idea or was it not, taking a political stand as a ceo traditionally used to be considered public relations suicide. and now it's almost become a business necessity. so when did that change really happen and when did political acat thiactivismbecome such an t component of branding and politics today? lauren: you have the business round table redefining corporate responsibility, it's about society, not necessarily investors and returns. when was the change. >> you have millennial concerns, under 30 years old, who are expecting executives to have had the corporate social responsibility in their leadership and management. but i think this is highly problematic for a number of reasons. one shareholders may not necessarily have signed up for this in terms of what they were looking for when they made
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investments and they may not political agree with certain moves that are being made. two, you have leaders that are saying i'm going to take a stand for all my employees across the company. the problem is, what if those employees don't necessarily agree with their leaders of the company? can they really even say that? most of the time, they can't. lauren: does it seem to you, chris, whether we're talking about the equinox owner having a fundraiser for the president or i can't say which executive or which company, but another high level billionaire had a fundraiser for the president and some charities he was involved with were affected, they pulled out as a result of him having that fundraiser, does it seem to only work when the politician is speaking for president trump? >> yeah, i mean, i think that's a great point you bring up. there's a double standard, hypocrisy in all of this as well.
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there are certain things where, yes, if you are left-leaning in certain respects, then i think that people are going to applaud you and say what a great leader you are and this is such a great move. i think if you do anything that's very right-leaning, as we've seen and as you've mentioned, when people did pull out, they say how could you do this, i'm not going to support you, i'm cancelling my membership. lauren: if you do nothing, you're in trouble too. so what do you do. if you're an investors how do you respond to the changes? we have to leave it there. thank you for the time. have a good weekend. cheryl: the u.s. deficit has passed $1 trillion with a "t." lauren: tracee carrasco has the he details. tracee: in the first 11 months of the fiscal year, the u.s. budget deficit has topped $1 trillion many it's the first time the deficit has surpassed that mark since 2012. the federal government deficit rose by $200 billion in august, pushing it to $1.06 trillion.
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the national debt now stands at $22.5 trillion, up 13% since president trump took office. old navy is expanding. planning to open more than 800 stores. the stores are planned for mostly smaller and under-served markets, this as it gets ready to split from parent company gap. old navy has been outperforming its sister brands, gap and banana republic for the last several years. jj abrams signing a massive deal with warner media. some had been looking to apple or sony to sweep up the film maker and his bad robot production company but warner media won out in the evened. thend.the deal is reportedly woh half a billion dollars and will bring abrams film, tv, video games and digital content together under one roof for the first time. and popeye's encouraging customer to byob, not beer,
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buns. it is the chicken sandwich that has been selling out nationwide. now the fast food company wants you to make your own chicken sandwich by bringing your own bun. you order the chicken tenders and make it into the hot-selling sandwich. the idea of course not going well with customers on social media, calling the person who came up with the idea to be fired, even the fake customers on popeye's ad don't seem too excited about it. cheryl: they're not serious, tracee. tracee: i don't know. essentially, they're selling their chicken tenders and you have to bring the mayo, pickles, everything else. it's silly. cheryl: it is. all right. chicken has gone too far. let's take a look at how your money is doing this morning. we've got actually green arrows and we're seeing a build here, could be eight straight days for the dow. we're getting retail sales this morning, that could change the game. right now, dow up 84, nasdaq up 22 and three quarters. still ahead, residents in the bahamas are still trying to find
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those missing from hurricane dorian's wrath. a new storm may be headed towards the island. we have a complete update on what's going on in the bahamas and what they're expecting. and why would a baseball great take a swing at bagel boss chris morgan? you're watching "fbn: a.m.."
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lauren: a tropical storm warning issues for bahamas, the potential cyclone could impact the same islands that were devastated by hurricane dorian. the national hurricane center says the disturbance has 30-mile-an-hour winds, it could drop up to 7 inches of rain, about 1300 people are still missing after dorian and this potential new storm could absolutely impact relief efforts underway. cheryl: now let's head across the pond and talk about europe. european stocks mixed as investors are reacting to the ecb's plan to stimulate the eurozone economy. russ mold, investment director, is with us. what did you make of the ecb move, we're talking negative rates, we're talking stimulus once again back on in a eurozone economy that may or may not be able to escape recession. >> yeah, if you look at the market's reaction, bond prices are down, stocks are flat and the euro's up so the president
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of the european central bank has got the exact opposite of what he was looking for, which i think reflects there was a huge buildup, i'm not sure the markets convinced it's enough to help europe to get growth going. cheryl: there's a great piece by the editorial board of the wall street journal that draghi leaves with no exit. lealk about the federal reserve in this country. next week we're going to get that meeting, seems to be widely expected markets are looking for a quarter point cut from the fed. are you looking for a quarter point cut and do you think it's justified if indeed that does happen? >> i'm not going to argue with the bond market get. it's backed off from he predicting a half point cut a couple weeks ago to a quarter. that seems to be in the bag. the real key now is what chair powell says for the next couple meetings. there's expectations of one or two more quarter point cuts to come. is it just a justified? normally you look at the economy
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jogging along and unemployment at 50 year lows and you would say no. what we have is trade uncertainties, so i guess that's the big challenge that chair powell is looking at. domestically the u.s. economy is doing the best of any g-7 we can find. cheryl: i wanted to ask about reaction when it comes to the u.s.-china trade war. negotiations are coming. seems the chinese want to take two paths versus one when it comes to negotiations. what's your sense? >> everybody is hoping for a deism it looks as if the two sides are a long way apart. the u.s. has a legitimate beef when it comes to intellectual property theft. trade alone they may be able to come to something. the i be p issue could -- the ip issue could be a major obstacle. cheryl: we'll see if the chinese can stand more of this back and forth. lauren: we're one rally away
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from new highs for the dows. dow is up 90 in the premarket. if this holds we could see new records today. still ahead the popularity of sports betting is branching out this season. we take a look at companies finding new ways to place r their bets. and a new study on why teenagers may want to put down their phones and turn off social media. keep it here on "fbn: a.m.." ♪ 15, there's still time for you. ♪ time to lose yourself. ♪
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cheryl: the former mets great lenny dykstra will see chris morgan in the ring later this month. that didn't stop the center fielder from swinging at his opponent at a comedy club last
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night. he grabbed the bagel boss' shirt and ripped it and drew blood from him. the two will have an upcoming match on september 28th. morgan called the attac aa chea. lauren: media companies are ready to play ball with the growing popularity of legalized sports betting. cheryl: robert gray had a front row seat for all the action. >> as sports betting continues to grow across the u.s., media companies see it as a golden opportunity to expand their businesses. they see fans watching games longer, being more engaged and also as a source of new revenue. one of the biggest plays so far came from our parent company, fox. they he created fox bet, an online sports book that's available so far only in new jersey and in person' pennsylva. as it continues to roll out across the u.s., the ceo tells us they expect to hit some serious pay dirt. >> so this is without a doubt in my industry the biggest opportunity for a generation and
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we think that by 2025 the market for us could be just over $9 billion. for us, that's a big number and we intend to get a big share of that. >> reporter: there's plenty of competition out there from other online sports books, also from casinos and daily fantasy firms. they expect to turn a profit in just three years' time and who he knows, one day soon they could have physical locations in addition to some of the casinos they're partnering with at venues, perhaps such as the one behind me at the coliseum. california has to pass legal sports betting first, though. back to you, cheryl and lauren. cheryl: robert, thank you very much. we've got a lot more coming up. has surfing social media ever made you feel stressed or depressed? lauren: a absolutely. cheryl: a new study says dangers may outweigh the benefits. who doesn't like a nice dinner out with somebody special, maybe someone you're attracting to?
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if you do like that kind of think, you may want to rethink your whole affinity for romance. we have details on why you may want to put down that bottle of wine. keep it here, "fbn: a.m." ♪ i mean, if you haven't thought about switching to geico,
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lauren: two studies with trouble with dating. [laughter] >> yes, i'm sorry. i'm the love , doctor, new stuy says that teenagers that do not hate are less depressed.
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we've all been there. [laughter] lauren: i've been there. we all came out better for it. also interesting we found out new study as well that the average person will spend $106 per day on dating. 50% of people actually have rescinded going out on a date because of impact, say maybe i don't have that much money to go out with somebody. cheryl: that's one study, taking time away from social media is actually a good thing. we get this a little bit. >> we always hear put down your phone and people spend average 3 hours on social media a day especially younger people and say that can lead to mental health, more depression,
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obviously anxiety. all stories have social media and so bad for us, what if we got off of the accounts and someone said to me if you're going for a job, for instance, an employer would look at me and if you don't have social media account -- >> they judge you, because you have to be on the foe. that's the problem because you always feel like you're missing out on something if you're not constantly on twitter and social media but definitely has negative effect, the fact that you need to take a step back. >> going back to issue of teenagers, comparing themselves to other peers, that hurts self-esteem. >> how many lights do i have on this, that means people like me? lauren: we all beat up on your generation millennials.
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i've taken a liking to the gen z, they seem to have a mindfulness on social media, they understand -- >> that's all they know. they never had even modems, dial-up modems or anything like that. now people will text rather than actually talks to people in person, the social skills are terrible with gen zers. [laughter] cheryl: we have futures in the green. lauren: whoa! cheryl: we are seeing a pop. maria: thank you so much, lady, i'm maria bartiromo, friday
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september 13th, top stories before 6:00 a.m. on the east coast, democrat showdown in texas, health care and gun control taking control. full analysis coming up this morning, tax cuts for the middle class, president donald trump promiseing cut, what it means coming up. president trump saying that he would consider intern deal but this just weeks before two sides meet face to face in washington, news on china trade, happy futures this morning, we are taking at a look at start of trading, better than 90 points, s&p up 8 and nasdaq is up 27, the dow and s&p pushing toward new record high this is morning. the billionaire moving hedge fund out of new york city to most tax-friendly state, mornings with maria begins right

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