Skip to main content

tv   FBN AM  FOX Business  September 25, 2019 5:00am-6:00am EDT

5:00 am
before his inauguration. lou: we'll be in washington, d.c. tomorrow. vice president mike pence is our special guest. chef it's. cheryl: markets taking a hit as nancy pelosi announced an impeachment inquiry aimed at president trump where she called the president's actions unconstitutional. how the political drama could affect the president's trade plans and the market as we start a new day. futures are stabilizing this morning. lauren: wework's fast fall from grace, one of the most valuable startups getting its value slashed ahead of an ipo as the ceo is dropped from the company. cheryl: and elizabeth warren scoring another victory. is she the democrats' democratsr a win in 2020. lauren: and why missing work
5:01 am
the day after may soon be a-okay with your boss. it is wednesday, september 25th. "fbn: a.m." starts right now. ♪ ♪ brand-new day. ♪ a brand-new day. lauren: it is a brand-new day on "fbn: a.m.." good morning. i'm lauren simonetti. cheryl: brand-new for your money. good morning, everybody. i'm cheryl casone. lauren: it is looking a little better this morning. let's show you yesterday after house democrats ramped up demands to impeach president trump. the s&p 500 and nasdaq seeing the worst days in a month. cheryl: taking a look at futures, we're seeing more pressure man. we had stabilization earlier in
5:02 am
the market. global markets under pressure. we have further fall for the dow, 72 to the downside, subpoena down 9 and-a-half -- s&p down 9 and-a-half. lauren: the yield on the treasury stands at 1.64%. cheryl: taking a look at oil, price of crude is lower again. saudi arabia continues to repair their facilities damaged in the recent attack, being blamed on iran. gasoline prices in this country down a fourth straight day. crude is down almost one and-a-half percent. lauren: stocks in asia down significantly. the shanghai is down 1%, the hang seng and kospi down 1 and a third percent. cheryl: the ftse, the cac and dax all in the red. in europe, parliament is back in session. this could be good news for u.s.
5:03 am
automakers, drug companies and banks. lauren: house democrats have launched a formal impeachment inquiry into president trump following a whistleblower complaint about the president's conversations with the ukrainian leader. the exclusive report comes as we await the release of the transcript from the ukrainian phone call. cheryl: we've got garrett tenney in washington with the latest for us. garrett, good morning. >> reporter: good morning. the white house is expected to release several key documents today including the fully unredacted transcript of president trump's july phone call with ukraine's president. a senior administration official tells fox news the white house will also be releasing a document showing that the intelligence community inspector general found the whistleblower who filed the complaint regarding the phone call had political bias against president trump and in favor of a rival candidate. despite the white house agreeing
5:04 am
to release the transcript, on tuesday nancy pelosi announced the house is moving forward with a an official impeachment inquiry. >> the house is moving forward with an official impeachment inquiry. the president must be hold accountable. no one is above the law. the actions of the trump presidency reveal dishonorable fact of the president's betrayal of his oath of office, betrayal of our national security, and betrayal of the intel gritty of our election -- integ. >integrity of ourelections. >> reporter: the president at the u.n. he has done nothing wrong. >> you how can you do this when you haven't seen the phone call. we have the whole train t script of the call -- transcript of the call. it was a perfect call. >> reporter: democratic lawmakers have been demanding to hear directly from the whys l he'lwhistlehe blower. that could happen as soon as this week. adam schiff wrote we have been
5:05 am
informed by the whistleblower's counsel their client would like to speak to our committee and is asking for guidance on how to do so. we look forward to the whys l he'lwhistleblower's testimony lr this week. the president will meet ukraine's president at the u.n., and there will be a lot of questions about the controversy. cheryl: stocks tumbled once word got out yesterday that pelosi would make an announcement about president trump. he she made the you announcement after the markets closed of. there was a real hit in afternoon trading. lauren: futures were higher earlier this morning and now they're down again. the wall street journal is reporting that french president eemmanuel macron tried to broker a meeting between president trump and iran's president at the united nations but rie rouhi declined until the united states
5:06 am
agrees to stop sanctions. >> why would we bump into one another. if we seek to pursue higher goals to benefit both countries, both people, it must be planned and talks must be based on those plans. but prior to that, we must create mutual trust and the trust that is something that mrs framework. lauren: rouhani is here in new york for the u.n. p general genl assembly as tensions remain high in the persian gulf. rouhani is scheduled to deliver his speech today. cheryl: president trump in a fiery speech yesterday ramped up his tough talk on china, right has chinese and u.s. high level talks are set to begin on trade. lauren: let's get the latest from edward lawrence in washington. >> reporter: good morning. it was a part of the president's
5:07 am
speech at the united nations general assembly about trade and china that resonated around the globe. the president was more direct than he has been in a long time when talking about china. he says a previous administration thought that admitting china into the wto would force change. the president adds, it has not. >> two decades later, this theory has been tested and proven completely wrong. not only has china declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers, and the theft of intellectual property. >> reporter: he says china has been gaming the international trading system for a long time. he says that ends as long as hes is president. president trump said he will get a good deal for the american people. the president saying that he's counting on president xi-jinping of china being a great leader
5:08 am
and coming to an agreement. both sides are working right now to schedule a face-to-face talk. chinese trade sources telling us that both sides are tentatively looking at october 10th and 11th for the meetings in washington. back to you. lauren: thank you. saudi arabia may double down now on the size of its aramco ipo. saudi officials may offer investors a 10% stake in the state-owned oil company. it would be the world's largest ipo. the discussion of a larger off offering follows the recent attacks on the saudi oil supply. work is underway right now to restore production to normal. hopefully by the end of the month. cheryl: how the mighty fall. he wework chief adam newman announced he's going to step down as the ceo of the works space company as skepticism intensified about the company's
5:09 am
business practices. he will remai reon remain on ths nonexecutive. they are expecting to cut staff to try to stem the company's substantial financial losses. wework was one of the hot ipos. it has now postponed the planned ipo, that was supposed to start next week and it's just a quick and big fall for that company. lauren: that's the thing. it happened really fast and now talks of job cuts. target suffering another register outage. cheryl: he how are we going to check out at target? tracee: it's the third time in three months that officers couldn't check ou check out, ein stores or online. target apologized to customers, adding the problem didn't you affect the security of its system. the fcc is investigating sprint.
5:10 am
the company is accused of improperly taking millions in subsidies meant for low income customers. the agency says the money should have benefited nearly a million subscribers but those consumers were not actively using sprint service. sprint says it was confused about a rule change and is offering to pay back the money. the controversy comes as spring is seeking to merge with t-mobile. the value of juul is getting smoked. the privately traded stock has plunged by more than a third from late last years' peak amid growing fears about the safety of vaping. several sizable juul investors are looking to sell their stakes at prices that value juul at a 35% fall. that's when a deal valued them at $38 billion. seaworld is offering free add admission to travelers affected by the thomas cook closure.
5:11 am
the company grounded the company's four airlines on monday. this left hundreds of thousands of travelers stranded at airports around the world. seaworld is giving free admission to those stranded at the orlando airport. cheryl: that's nice of them to do that for those folks. lauren: nancy pelosi and the house officially start an impeachment inquiry into president trump and markets fall again this morning, do morning. still ahead president trump's tough talk on china at the u.n. yesterday, even as the countries appear to be closer to the next round of trade talks and maybe even a deal. will president trump be able to ease trade tensions going forward? and nike running to an all-time high. why the company's got investors jumping for joy this morning. keep it here on "fbn: a.m." ♪ i've got my mind up. ♪ and i can't let go. ♪ i'm killing every second until
5:12 am
they save my soul. ♪ i'll be running. ♪ i'll be running. with technology that helps you offer shoppers a better experience. take your company's app. we can add in all sorts of capabilities, which help your customers manage rewards, offers, and payments on the fly. and now, applying for credit can happen in a flash. that way, more people can start shopping with you on the spot, wherever they are. how's that for changing what's possible? like very high triglycerides, can be tough. you diet. exercise. but if you're also taking fish oil supplements, you should know, they are not fda-approved, they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet, is the only prescription epa treatment, approved by the fda to lower
5:13 am
very high triglycerides by 33%, without raising bad cholesterol. look. it's clear. there's only one prescription epa vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. ask your doctor about vascepa. prescription power. proven to work. imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nation's biggest party store can staff up quickly as soon as it's time for fun. this is the world of adp. hr, talent, time, benefits and payroll.
5:14 am
designed for people. 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. lauren: some good news out of nike, just did it, it seems, when it comes to the company's latest earnings. results beat expectations, helped by a 27% jump in sales in china. the company says new products and investments in its online operations also factors here in the strong performance. nike shares up by the way 18% on the year, are up 5.4% right here
5:15 am
in the premarket. cheryl: it looks like wall street is going to follow asia, europe and open lower again this morning. these latest concerns about the u.s.-china trade war back in focus and this is after president trump attacked china during that speech at the u.n. yesterday. you also had, and this really hurt the market, the impeachment inquiry which began after the close. let's bring in doug flynn, certified financial planner. politics affecting our money but it really is the impeachment inquiry that took the numbers down yesterday. how do you balance this as an investor? you're trying to kind of forge a plan here but it's difficult. >> you've got mixed economic news. you've got some softening consumer confidence numbers. you've got purchasing pmi index numbers that look good for the u.s. but not so good for europe. you mix in the china trade and that causes people some concern. cheryl: it wasn't the confidence numbers, it wasn't his speech at the u.n. that got
5:16 am
people nervous. it was the impeachment inquiry. >> that's the initial reaction in most news, that knee-jerk reaction, how are you going to initially trade that. when you look back at 1998 with clinton, you have a peak to trough 20% drop in the market during that initial inquiry. as things settled down, it snaps right back. you're seeing that initial how do we take this, digest all this news. you'll see more of it today. cheryl: we'll get more political news today, we'll hear about the whistleblower, the transcript and we'll get more news about the whistleblower. u.s. farmers have been caught in the crosshairs of the trade war with china, especially the soybean producing states, arkansas, illinois, iowa. now the chinese are saying they're going to buy pork from the united states. do we -- i guess we believe them or do we hope this goes through? things are so volatile with the chinese. >> that's a great point.
5:17 am
i call this a slow dance we're having with china. we're dancing together slowly. they'll announce something and then they pull it back and then they're going to say they have talks and then they leave early. trump's doing the same thing back and forth. i think this is game that will be played through the election and through the impeachment part of this, until they say whether they've got to deal with this guy for another four years or not. they really don't have to do anything differently if someone else gets in. cheryl: you subscribe to the theory that the chinese are waiting to see how the election plays out. >> no doubt in my mind. they're 100 year thinking kind of place. to wait another year is not a big deal for them. i think trump is willing to wait as well. in tend, i think we're going to deal. i don't know if it's going to be the deal we want and whether it will happen before the election. cheryl: the question is the timing. you're right, there's a bad deal and there's no deal. what do you want. doug, a lot to watch. thanks for coming in early. lauren: merger in the media
5:18 am
business, fox media buying new york media. neither company confirming the deal's price tag. new york media is home to several websites including the cut, grub street and vulture. new york magazine debuted a half century ago. cheryl: i love the new york magazine. i love that cover, by the way. that looks like glen close. let's take a look at how your money is doing. we've got another day of losses, all of this really kicking in. doug was saying investors trying to figure out how to digest the impeachment efforts. right now the dow futures market pointing lower, 56, nasdaq down 35 and change. also, would you subscribe -- do you like video games? would you play them and subscribe to them? one tech giant wants to do that. you know the name. do you want to play games with them? how about some free steak? yeah. that sounds good, right.
5:19 am
one company is offering up thousands of free sirloins but how you get in on the action might be the trick in all of this. details coming up on "fbn: a.m.." ♪ take a load off. ♪ take a load for free. ♪ take a load of. off. ♪ you put the load right on me. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes home insurance, so they'll only pay for what they need. your turn to keep watch, limu. wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ [upbeat♪action music]
5:20 am
(pilot) we're going to be on the tarmac for another 45 minutes or so. ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. ♪ ♪
5:21 am
here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome.
5:22 am
so come ask, shop, discover at your xfinity store today. lauren: the impeachment dam is finally broken. house speaker nancy pelosi opening the flut flood gates afr opening an impeachment inquiry. where do we g from go from here? we bring in jenna ellis reeves. do you think democrats are getting ahead of themselves and
5:23 am
the evidence at this point? >> absolutely. so basically all that they have is that something somewhere might have happened at some point and they're saying that is a sufficient basis to impeach the president of the united states. and this is simply a political tactic and it's very, very n transparent. they can't articulate anything about anything that fits into the article two requirement that is very, very clear. so in order to actually legally and constitutionally impeach a sitting president it has to be a sufficient basis of a high crime of misdemeanor, treason, bribery. there's nothing they cited that is anything but vague. of course this is simply a political tactic, unfortunately. lauren: the senate would have to be on-board here and they're republican controlled. in a sense would you make the argument that democrats might win this battle but lose the ultimate war? >> you know, it depends on their goal here. we saw for the two years plus of the mueller investigation that
5:24 am
they were simply harping on russia, russia, russia and that came to absolutely nothing. they were trying to simply be the party of obstruction and to say president trump's judicial yoappointment shouldn't go through. they were trying to have a stall tactic. if the tactic is to delay the inquiry and continue the narrative in the media cycle coming up to the election, that may be all their objective is. what i'd like to know from nancy pelosi is when will you call a vote, how long is the inquiry, what's the scope, what are they doing so they will have full transparency. president trump has been completely transparent. the twhiet hous white house hasn anything to congress, to mule mueller, anyone that they wanted. this is about the democrats making this political and partisan. lauren: kt mcfarland land says this isn't good for anybody. >> i've been through an
5:25 am
impeachment. the country stops. we don't do business. the foreign adversaries look at this and say we're going to exploit the situation, get what we can when we can get it because we know the president trump of the united states is not in a position to come back at us. lauren: do you agree? >> absolutely. this is politically devi divisid this is something that democrats and no one should ever use as a political tactic. this should be an constitutionally speaking is a nonpartisan process and so for the democrats to simply wield their power to try to use this for political motivation is frankly anti-american and against the rule of law. lauren: it didn't work out for republicans when they tried to do this during the clinton administration. jenna ellis reeves, thank you for the time. >> thanks so much. cheryl: well, google is releasing their very own game platform to compete with apple. the monthly subscription service is called play pass, it has 350 apps and games, it's $1.99 a
5:26 am
month for the first year and $4.99 after that. they also plan to add health, fitness and photography apps at some point. they will launch on android devices in the u.s. this week. if you have an iphone, apple rolled out a game service earlier this month. all right, the inquiry that really moved markets yesterday. well, dow is under pressure in the futures market again today. the dow is down 79 right now, s&p down 11, nasdaq down 43 and-a-half. investors kind of r nervous about what's going on in washington and new york. still ahead, another victory for elizabeth warren to tell you about. is the progressive candidate the new darling of the democratic party for 2020? and what does that mean for the others, especially joe biden? and a major company investing in the future of healthcare, why it could be great news for future doctors across the country.
5:27 am
you're watching "fbn: a.m.." ♪ if you close your eyes. ♪ does it almost feel like you've been here before. ♪ how am i going to be an optimist about this. ♪ how am i going to be an optimist about this on-your-flag-football-team easy. go get 'em, bus! ohhhh! [laughing] c'mon bus, c'mon! hey, wait, wait, wait! hey man, i got your flag! i got your flag, man! i got your flag! it's geico easy. with licensed agents available 24/7. 49 - nothing! woo!
5:28 am
5:29 am
5:30 am
lauren: senator elizabeth warren just keeps on going. building momentum. a new poll in you new hampshire shows warren enjoying a slight 2% advantage over former vice president joe biden. the long-time front runner in the race for the democratic presidential nomination. this survey is the second poll to show warren overtaking biden in a key state. anders joins us now. when you look at the polls, what got me is in four months elizabeth warren in new hampshire went from 8% support to 27% and joe biden went from 36 to 25. those are huge jumps in both
5:31 am
directions. what happens now? >> absolutely, that's the joe biden gaffe effect. i think i've said it the last such he'll times i've been on the show, is that elizabeth warren has proved to have a lot more to gain from other candidates dropping out than joe biden does. joe biden has been hovering around the mid to high 20s. now he's in the low 20s for the entirety of his campaign and warren has grown so much and that comes from the fact that other candidates are dropping out and they're finding her a lot more attractive and those votes are going to her. biden can't win with mid-20s support. that leaves over 70% of the vote that's supporting other candidates or undecided. lauren: as we talk about elizabeth warren surging, okay, maybe she could win iowa, maybe she can win new hampshire. what about states like pennsylvania when she's anti-fracking, when she doesn't have policies that support the state's economy. >> well, absolutely. joe biden has based his campaign around this idea that he the moderate candidate. but especially with this
5:32 am
impeachment inquiry that's been happening right now, that's been a lot more difficult for biden to make that case because he himself has come out in favor of impeachment, just yesterday, and that sort of puts him in a difficult place. it's hard to say that he is the level-headed candidate, the moderate candidate when he's in favor of all these impeachment proceedings and more radical anti-trump policies that he had not been in favor of. lauren: there is one candidate, representative gabbard of hawaii who told kennedy last night that she doesn't support an impeachment inquiry. listen. >> i feel strongly that this is not the route that we should take. it politicizes something that the american people need to be trusted to decide, who they would like to see as our president and commander in chief. lauren: so how will that outlier message on the october debate stage, because she made
5:33 am
it, play out among 11 other candidates on that stage? >> yeah, i think she'll have an important card to play, especially in taking away that moderate card from joe biden. i think if she is going to play a major point, it will be in hurting joe biden in that debate. lauren: thanks for the time this morning. >> thanks for having me. cheryl: president trump is scheduled to meet with ukraine's president this afternoon, this will be their first face-to-face meeting on the sidelines of the u.n. general assembly, first face-to-face ever. the ukrainian leader is at the center of a political storm in washington. let's bring in lawrence core, former assistant secretary of defense. good morning. >> good morning. cheryl: set up the meeting today. there's going to be all eyes on these two leaders because what it's done to upset the balance of washington and the impeachment inquiry but also he has to balance out what he needs from president trump and that's help with putin and russia.
5:34 am
>> i think that's a good point in this whole thing about who said what and the phone call and everything. we're forgetting that you crew y important to us as a buffer to prevent russian expansionism and that's why we gave them aid to begin with, both under obama and president trump. i'm glad that the president's going to release the transcripts of the conversation so that they can get back to real business. cheryl: so we'll know that today, hope brin hopefully thate comes before the meeting. i want to pivot over to china. the president yesterday, he really went after china. we are in such a sensitive time right now with the chinese. all the back and forth, all the language. want you to listen to what president trump said yesterday in particular about the issue of china. >> the world trade oranization needs drastic change, the second
5:35 am
largest economy in the world should not be permitted to declare itself a developing country in order to game the sis system at others' expense. >> charles: what d.cheryl: whaf that? >> it doesn't help, later yesterday the chinese foreign minister gave a speech that contradicted that. that means it's going to be hard for us to work this out. trump's big mistake here was getting out of the trans pacific partnership because if we stayed in that, all of these countries could use their leverage to get china to do what it's supposed to do under the world trade oranization rules. cheryl: because they're still a developing country under the wto which i think the president is right on about, that they are hardly -- they're the world's second largest economy. they're not a developing country. the chinese have a lot of power on our economy when it comes to u.s. farmers, whether it's soybean, now they say they're
5:36 am
going to buy more pork products. so we are seeing good faith from the chinese. do you think that's a sign, because their economy has been pressured during the trade fight, do you think that's a good sign that the chinese are willing to come to the table now and do a deal? >> i think they are. i think it's important. trump didn't help it yesterday when he kept saying this is not a globalized economy. it is a globalized economy. take a look at what you're wearing and where it came from and the cars that you have and where they came from. so no, we need to work it out. nobody is winning with this right now. and not only are we suffering, but the rest of the world is. cheryl: lawrence, there is so much to get to. didn't even get to iran with you. so much is on the table this week. it's never boring during u.n. week. thank you very much for being here. >> thank you. lauren: a major penalty for mercedes-benz parent company, daimler. they were hit with a $960 million fine for selling
5:37 am
cars that cheated on diesel emissions. the fine came in at the end of the -- lower end of the expectations. four years ago the environmental protection agency exposed volkswagen for cheating on diesel emissions. cheryl: take a look at wall street this morning. this will be the story of the day. futures, we are down 73 points right now, s&p down 10, nasdaq down 39 and three quarters. the impeachment inquiry, all the things happening at the united nations, trade talks, all of it, a lot on investors' minds today. also still ahead, there is a company that tracks how you watch tv and movies and they've just been charged with fraud by the fcc. and a popular retailer is finally joining the 21st century. marshall's finally gets to embrace the internet. lauren: i'm excited. cheryl: we're going to have details of that. i know, it took them forever. you're watching "fbn: a.m." ♪ don't go breaking my heart. ♪ i won't go breaking your
5:38 am
heart. ♪ don't go breaking my heart. oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement.
5:39 am
this is the family who wanted to connect... to go where they could explore and experience adventure in unexpected places...
5:40 am
♪ who were inspired by different cultures ♪ and found that the past can create new memories... leading them to discover: we're woven together by the moments we share. for everywhere you go, expedia has everything you need, all in one place. lauren: we're seeing 1% market declines across europe. the british parliament back in session today, a day after the u.k. supreme court ruled that boris johnson's suspension of parliament was illegal and unlawful. michael hewson joins us now.
5:41 am
does boris johnson survive this? >> yeah, good morning, lauren. he yes, i think he does. parliament is due to reconvene in just under and hour, 11:30, and the order of business at the moment consists of one item. prayers latch. >prayers.[ laughter ] >> that's it. we don't know what's coming next. boris johnson is on his way back from the airport. i think we could all do with a lot of prayers at the moment. we don't really know what the next steps are likely to be. but what doesn't change with this announcement is essentially the four options that are available to mps, and that's leave with a deal, leave without a deal, revoke, or -- essentially those three options, sorry. lauren: i see the options as a new election or an extension. how do those options look for you as investors are saying what gives, and if you look at the brexit bellwether, which is the
5:42 am
pound, trading there relatively muted. so what is that telling you? >> it's telling you there's an awful lot of uncertainty about whether or not we'll get an election this side of the 31st of october. ultimately, i don't think there is the time. i think what will happen and what's more likely to happen is boris johnson will you try and negotiate a new deal. he won't want to go to the eu for an extension. i think it's likely he could resign prior to that eu council meeting and put it into the hands of the people in parrelment to try to get that -- parliament to try to get that extension in his place. lauren: so as you said, michael hewson, prayers is what we need to send your way this morning. >> prayers. lauren: thank you so much for joining us and trying to unpack all that is british politics, cheryl. cheryl: there's a company that tracks what movies you watch and they've been accused of fraud by the fcc. lauren: what's going on?
5:43 am
tracee: com score agreed to pay $5 million penalty to the fcc. they will give com score back $2.1 million. the commission said com score fraudulently inflated their revenue by $50 million from 2014 to 2016 which helped it beat wall street analyst sales estimates for seven quarters. marshall's announcing the official launch of its new website. welcome to the internet. the company has more than 1,000 brick and mortar stores across the country but it's now letting customers shop online. marshall's.com also features a swipe to shop element, meaning shoppers can swipe left for items they don't want and right for items that they do. cnn boss jeff zucker may be ready for his closeup. reports say zucker is the leading candidate to become chief executive of warner media, that's the entertainment division of at&t and includes
5:44 am
warner brothers, hbo and turner broadcasting. he would replace john stanke who also holds the role of at&t president. and outback steak house is giving away 50,000 steaks for free. they're teaming up with door dash deliver youly service. they're giving out 10,000 steaks a day for five days to any hungry people out there, starting today. door dash users in one of the 670 delivery locations can use the code, steak, and get a 6-ounce sirloin and choice of a side for free. you do have to spend $20 though, at least. cheryl: that's an expensive promotion. tracee: that's very expensive, 50,000 steaks. lauren: a real steak, not a beyond meat type of steak. cheryl: with sides. thanks so much. investors are still digesting yesterday's big political news as the dems are ramping up their efforts to go after president trump with this impeachment
5:45 am
inquiry. we've still got pressure on the markets this morning. the aftereffect, if you will. the dow down 65, s&p down 9 and three quarters, nasdaq down 37 and three quarters. still ahead, technology. changing the way that people think about buying their next home. what you need to know before you invest in the real estate market. and speaking of tech, a new study says that boys and girls interact with technology in very different ways. you're watching "fbn: a.m.." ♪ just rock your body. ♪ come on let's party. ♪ until the cows come home. devices are like doorways
5:46 am
that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi.
5:47 am
with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today.
5:48 am
lauren: walmart giving its
5:49 am
employees a chance to get degrees in healthcare. it will offer seven bachelor's degrees and two diplomas in fields such as health science and healthcare management. the tuition, get this, a dollar a day. this is the retailer's latest push into healthcare. they also have clinics that offer services for an affordable price. cheryl: home prices grew at the slowest annual pace in two years, rising from 2% from a year ago. what does that say about the health of the economy and about rate. 4re9'let's bring in ryan lewis. you're always such a good eye for us on this. we've been hearing about the housing market slowing down, slowing down on an national basis. what's going on? >> in new york we felt this for a while, we felt prices coming down for a while to find their level. you know what's interesting? i've seen growth. i've seen growth in the southeast, charlotte, north carolina, tampa, florida, out west, southwest, phoenix, arizona. detroit, michigan, up, up, up,
5:50 am
minneapolis, up. so it's funny. the places that i think got left behind in the great recession, they're having a bit of a moment. some of these second tier, quote, unquote, cities. they're doing well. now in the northeast, in the northwest, intercoastal cities, we got very frothy. cheryl: is that what happened, the prices went up too high? >> it's a combination. we had the salt tax thing. we had a new tax environment. a lot of cities in the northeast, the state capitals are going for the wealth, they're really digging deep and making it very tough for some of these foreign buyers to want to buy here. cheryl: that was kind of a new york, boston story really. >> it really was. cheryl: and la. >> it really is hitting hard with that. the prices were coming down, the new taxes were starting up, and the state houses are getting very, very aggressive with their taxes. cheryl: that's really interesting. let's talk about mortgage rates. obviously on the business
5:51 am
network, we watch what is the fed going to do. >> full disclosure. my re-fi closes today. i jumped on 2.75 15 year fixed conforming rate. you couldn't resist the rates. they're tied to the bond market as you know. but they have gone up. let me tell you, everybody, there has never been a more opportune time to buy. i have a lot to gain from saying that but full disclosure, i feel like the rates are great, the inventory is stacked in your favor, the prices are coming down in most markets. so this is your opportunity. i think people will look back at this moment and say that was a buy. cheryl: well, i was saying to somebody else just yesterday, seems like it's really a buyer's market for the most part. if you're trying to sell, that's the issue. >> you've got to sell. if you're moving laterally in the same market, that's one thing. if you're selling in new york city but buying in charlotte, whoa, that's up, new york's down, hmm.
5:52 am
, but the differential might be in the gains you make in new york. cheryl: let's talk about the trend we're seeing in real estate. so many people work out of their homes. because of technology. >> because you. cheryl:because you can.cheryl: l aa expect the bigger cities. if -- affect the bigger cities. i can buy a home outside of the city and not come to the office. >> you can get a lot for your money and you can live in the -- the a ring is called the city, then there's the b and c. i also find that people don't really like that commute to culture, the commute to all the events. you can work anywhere. your office is now in your pocket. but i think the more interesting thing about that is the way it's changing what people want to live in. so you don't necessarily -- people are giving so much attention to their office space and their home environment because they can work from home. as much as i saw people giving to their kitchens, four, five years ago. cheryl: now it's the office. >> now it's the office, it's the
5:53 am
work environment but it's also your office can move. cheryl: 24% of people that actually have jobs work from home, 24%. >> that's a lot. if you have the mobility -- a job like yours, you need to be here. cheryl: i tried to anchor the news in my pajamas -- >> from your house. cheryl: it's always great to see you. >> thank you so much. lauren: there is such a thing as a home studio. i'm just saying. it's an option for all of us. all right. let's move on here. coming up, we have futures down 60 points on the dow, s&p down 8, nasdaq losing 33 this morning and boys and girls play differently with toys and now gadgets too. the reason why might surprise you. and after a long night out on the town you may want to call in sick the next day and your boss may want you to. we'll tell you why in just a minute. ♪
5:54 am
imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nation's biggest party store can staff up quickly as soon as it's time for fun. this is the world of adp. hr, talent, time, benefits and payroll. designed for people.
5:55 am
5:56 am
>> 5:56 in the morning the east coast, 2:56 in the west. you might be with hangover. [laughter]
5:57 am
>> apparently. not today, but so forget about calling out of work because offing are the flu, you can now call out of work because you have hungover especially in germany because german court that being hung over is considered an illness. minor disturbance in the body's normal functioning is considered an illness, especially when you're hung over, headache, motor skills, you're pretty much worthless when you're hung over, listen, that's an illness and you can call out of work. lauren: it's self-imposed. cheryl: did somebody sue over that? >> what happened is court considered illness and aren't supposed to work for it. oktoberfest just started this week in germany.
5:58 am
nobody is going to work especially this month, nothing getting done over there now. >> obviously differences between boys and girls, technology, mri's were used by yale researchers and they found the parts of the brain that deal with addiction, especially addiction were more active in boys than girls and they did it by looking at the reaction when boys saw video games, they think this is why boys become more agitated when their parents tell them you can't play video games or put video games away. when it comes to girl, they cared more about social media, girls are more drawn to forming bond.
5:59 am
lauren: mornings with maria start now. maria: good morning to you, good morning, everyone, happy wednesday, i'm maria bartiromo, thanks for joining us, wednesday september 25th, top storiesover the 6:00 a.m. impeachment inquiry, the white house says there's evidence of political bias in the whistleblower complaint, we have the very latest as the uncertainty weighs on investors, futures extending yesterday's losses, markets to open lower, erasing gains from yesterday amitch -- amid impeachment. president trump talks tough talk in in a few weeks ago, in october. vaping crack-down, that continues, massachusetts going even further than other states with outright ban on all vaping products. mornings with maria begins right
6:00 am
now. ♪ maria: big show this morning fox business jackie and mitch roschelle. >> jackie nailed it before the show, not like there's any news going on right now. maria: there really is. once again this impeachment inquiry that's going to dominate the headlines today. >> i think all day, all night, that's going to be the story. maria: we will see when we get the actual transcript of the phone call when we need to say. >> the white house needs the pressure, there was nothing there, the president has said that already, take a look for yourselves, maybe there's a possibility that they can look

129 Views

info Stream Only

Uploaded by TV Archive on