tv FBN AM FOX Business October 17, 2019 5:00am-6:00am EDT
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begin following this leader. we'll see you tomorrow. health and human services will be here and rand paul cheryl: it is 5:00 a.m. here are your top stories at this hour. right now, mike pence and mike pompeo on their way to turkey to push for a cease fire in syria and back here at home chaos inside the white house when democrats storm out of a meeting on syria. what this means for the u.s. going forward and why russia is now in the mix. lauren: netflix fighting off the competition for now. the stock surging premarket but can its hit show, strang strangr things, continued to fend off rivals. cheryl: as 2020 democrats push for a wealth tax, some way it will push america to socialism
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and kill the american dream. lauren: they are tracking your every move, what you need to know to protect your privacy. it's thursday, october 17th and "fbn: a.m." starts right now. ♪ ♪ i want to dance. ♪ and love. ♪ and dance. again. ♪ i want to dance. ♪ and love. ♪ and dance again. lauren: welcome to "fbn: a.m.." good morning. i'm lauren simonetti. cheryl: good morning, everybody. i'm cheryl casone. lauren: let's take a look at how your money is moving this thursday. modest losses yesterday, modest gain today. a weak retail sales report yesterday increasing the odds of a fed rate cut to 87%. cheryl: the commerce ministry in china releasing comments within the last hour, that news
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breaking, that basically that talks are on track between the u.s. and china following mr. mnuchin's comments yesterday on that topic. no change for shanghai, the hang seng did have a 0.47% gain. lauren: a last ditch brexit deal is in limbo as european leaders start a key meeting. mixed performance in the european markets. cheryl: we learned that congressman elijah cummings of baltimore has died. he had a medical procedure that he had said would only keep him away from about a week from his congressional duties. the democratic house oversight and reform committee chair a key figure in the impeachment inquiry into president trump. again, congressman elijah cummings, just 68 years old, the breaking news, he has died overnight. well, president trump has clashed with top democrats at the white house over his decision to pull u.s. troops
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from northern syria. house speaker nancy pelosi and senate minority leader chuck schumer walked out of the meeting, claiming the president had a, quote, meltdown. lauren: their meeting came after the house voted to owe pose the president's decision, 129 republicans joined democrats to pass the measure. let's go to blake berman at the white house with more. >> reporter: a who's who meeting at the white house as the fallout continues after the president's decision to withdraw troops from syria. mitch mcconnell, nancy pelosi, kevin mccarthy and head of three committees, those u.s. troops were helping kurdish fighters. now the kurds a target of a turkish invasion. president trump says this is a border dispute the u.s. does not need to be involved in as he
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says other nations can fight isis as well. >> russia's tough, they can kill isis just as well. they happen to be in their neighborhood. all i'm saying is this, i'm not going to lose potentially tens of thousands of american soldiers fighting a war between tour you ky and syria -- turkey and syria. >> reporter: there are worries it will lead to the reemergence of isis. >> we have spent a decade trying to contain isis and in one phone call it seems on a whim the president has reversed much of that progress. >> i think i'm speak forge most members of my -- speaking for most members of my conference that this was a mistake and i hope it can be repaired. >> reporter: the vice president and the secretary of state are set to land in turkey later today. they are scheduled to be meeting with the turkish president, erdogan, the secretary of state mike pompeo saying in advance that the u.s. is going to be
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pushing for a cease fire. back to you in new york. lauren: blake, thank you. the white house releasing a letter that president sent to turkey's president, erdogan, the october 9th letter says this. in part, don't be a tough guy. don't be a fool. cheryl: all right, well, let's talk a little stranger things. okay, let's talk netflix. that hit series racked up a record number of viewers in the third quarter for netflix, 64 million households watched season 3 of that popular drama, a bright spot in netflix's latest results which did show some choppy expectations but they did beat expectations on the numbers side anyway, the subscriber side not so much. the cost of producing original content, anything but cheap, $15 billion they are spending of. subscriber growth, it missed the company's target for the second straight quarter, coming in at 6.8 million. the latest numbers are coming out before walt disney rolls out
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disney plus. that's coming next month. apple is going to be launching apple tv. those are both lower cost plans but reed hat hastings doesn't sm to be too worried about it. lauren: maria bartiromo spoke to barry diller all about this. diller doesn't see netflix slowing down any time soon. maria: is anybody catching up with netflix? >> no. maria: really? >> that doesn't mean that what disney is doing is not sound for disney and they're doing it and i have great admiration for bob iger because he made a determination that he had to have direct engagement with the consumer. the only way to do what that is through streaming. it's not like he put his little toe in the water. he put both feet, both legs, his whole body in the water and he's going for this completely. disney has such appealing content that i think they'll do well. will they ever get to netflix's
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size? i can't imagine it. it seems incomprehensible to me that that will happen. lauren: disney's got the right price point for all of this. you can watch the whole interview with barry diller on "mornings with maria" at 6:30 eastern time today. cheryl: after over a month of protests, genera general motorse united auto workers may have a deal. lauren: let's go to grady trimble live outside general motors' headquarters with the latest. good morning, grady. where do we stand this morning. >> reporter: good morning, cheryl. in few hours, barring any unexpected developments, local leaders are expected to meet at general motors headquarters and he vote in favor of a tentative agreement. the details of that agreement are still unknown. the union and gm have kept them under wraps this morning but we're expecting to see wage increases for workers as well as a signing bonus. some other things we're expecting in the tentative agreement are plans for at least one idled plant, the detroit
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hamtramck facility, just a few miles from here. general motors was planning to idle that plant later this year, actually at the beginning of next year. now we're told it will make an electric pickup truck. on top of that, we're told the contract will include a path for temporary workers to full-time employment after three years of cervix and health insurance -- service and health insurance costs will remain unchanged. the workers remain on the picket line. they have yet to see the details of the contract, many telling me they remain resolved they'll stay on the picket line until they see the deal that they want to see. none the less, even though the strike isn't officially over, general motors' stock popped yesterday. it rose not quite to where it was when the strike started, down more than a buck, it was around $38 when the strike started, but still substantial news for general motors, substantial news for suppliers too. they've had to temporarily lay off thousands and thousands of workers because of this strike. now they're expecting their orders to increase once the
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workers go back to work. as far as when that will happen, when will the workers end this strike and go back to work, local union leaders are expected to make that decision this morning when they also vote on the tentative agreement. i should point out after the local leaders vote this morning, it will then go to the 49,000 rank and file members of the union and it will ultimately be up to them if this contract becomes official. cheryl and lauren. cheryl: grady drum bell trimblr us, we'll look for details later today. lauren: i never thought i'd say this but i am. did jewish mystisism help create wework? the senior management would gather at newman's office to gather with a teacher from a kabal center. as you know, newman stepped down as ceo last month. wework set you aside its plans
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for an ipo. cheryl: alcoa ringing an alarm for the issue of global manufacturing. probably not a big surprise. lauren: and the slowing down of the global economy. tracee carrasco has the details. tracee: alcoa says it plans to sell up to $1 billion in assets and may close facilities to counter lower prices for aluminum. the company says global demand for aluminum this year will be weaker than it expected. it blames the trade war between the u.s. and china for part of the decline. well, chicago parents are scrambling to find child care this morning. that's because public schools there are closed today. the city canceling classes ahead of a massive teacher strike. pay is one of the sticking points, even though new study shows chicago teachers are among the highest paid in the country. the median salary of a chicago teacher increased nearly 21%, up to $75,000 over the last 10
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years. well, felicity huffman's time behind bars may be cut short. the actress began her 14-day prison stay yesterday. but tmz reports she may serve over 13 days because of the few hours she spent behind bars following her initial arrest as part of the college admissions scandal back in march. and another famous magazine is shutting down. the b monthly home magazine, family circle, will publish its lasted digs in december -- last edition in december. publisher meredith bought the magazine in 2005, hoping to revive it. but meredith's other titles outperformed family circle. and that is what's happening now. cheryl: my grandmother always subscribed to family circle. i remember reading it when i was young. lauren: times have changed. let's take a look at your money this morning. modest gains on wall street after modest declines yesterday. s&p is up 1 point, nasdaq tacking on 4. as democrats slam the rich and
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push for a wealth tax, the amount of money you need to be considered well off may not be what you think. the new number to make it to the 1%. plus, an amazing rescue. a utah trooper risks his life to save a driver just in time. the incredible video coming up. keep it here on "fbn: a.m." ♪ got pockets full of change. ♪ said i just got paid today. this is the family who wanted to connect...
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cheryl: the cost of joining the top 1% is going up. according to the latest irs data from 2017, americans need to learn at least $500,000 to become a member of that elite group. that is up more than 7% from just a year earlier. latest data coming as democratic presidential hopefuls bernie sanders and elizabeth warren call for higher taxes to address the rising income inequality. lauren: speaking of taxes, charles schwab is coming out against any proposals for a wealth tax. the founder of the investment company that bears his name reportedly says that kind of tax would be a negative reward for success and would lead to socialism. he says it would kill innovation, adding, quote, it's not like these wealthy people are running around just building castles all over the place. schwab also says he donates enormous amounts of money to charitable causes. cheryl: well, let's get some reaction to the last two stories from francis newton stacy,
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optimum capital director of strategy. good morning. >> good morning. cheryl: we want to get your reaction to this. what do you make of the fact that the hurdles -- your income needs to be higher now, $500,000 and up, initially we saw this number we thought that was low to be in the top 1% but maybe not so much. >> yeah, not so much. i mean, the thing is, we came out of the financial crisis and we had a little thing called quantitative easing where we added money to circulation and that money went into sort of asset bubble land. it took a long time and just only recently trickled down into the lower echelons of the economy to having the wages tick up. so that's the thing, it widened the wealth gap and the wealthier are getting wealthier and that's why the null betters are going up. cheryl: we're -- numbers are going up. cheryl: we're not all running around building castle as we heard already. charles schwab, he said that basically when it comes to elizabeth warren and bernie sanders, these proposed --
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proposals, i guess, plural, they're a tax against the wealthy and a wealth tax, they're just ridiculous and he said basically these will destroy creativity and destroy the will of those that do want to build businesses and those that do want to build portfolios from wanting to get to that top echelon because you're going to have to give half of it away according to these candidates, what do you make of those statements? >> yeah, from elizabeth warren's perspective or bernie sanders' perspective, they're looking at these people are so wealthy they won't miss it and there's some truth to that but it's not about them, it's about the up and coming wealthy people who are -- who want to be the next charles schwab, who want to create millions and millions of jobs. it discourages them. it's not that the already super wealthy can't pay. it doesn't really solve the problem that -- the problem that created the wealth gap. as i said before, the business cycle is kinder to rich people than it is to poor people. the other thing that most people
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don't realize is the lower echelon of people pay more for everything. they have to borrow for groceries, gasoline, if they don't have great credit, they pay more interest. if i want to buy a car, i pay with cash. somebody who needs to take a loan has to pay more over time. if we want to solve the wealth gap, we have to look at what's causing the problem. cheryl: bernie sanders said he will tax the middle class. netflix's stock has been hammered over the last few months. they missed their subscriber for domestic, their subscriber totals for international missing analyst expectations but reed hastings, the ceo, comes out and says i welcome the competition i think it's great. he says this isn't about disney or apple tv. he says this is about getting rid of cable television. and he likeened it to when cable
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came out and we still only had three broadcast networks in this country. what did you make of that? >> i mean, i actually think he's right. looking backward over the trajectory of a multi-decade scenario, i think he's right. i think cable companies are on their way out and certainly their pricing mechanisms, i can't say they may have a little karma involved, when you start out paying $100 a month and then you're an old customer and the new customers get it for cheaper and you're paying double. anyway, no, i think he's right over the long material. however, in the -- long term. however, in the short term they have such aggressive targets for getting new customers, it will be interesting to see if they can keep the momentum going. netflix is the household name that goes with streaming. so that's going to help them. cheryl: francis, thanks so much for being here this morning. it's always great to have you. >> nice to see you. lauren: up next, right now the vice president and the secretary of state are on their way to
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turkey to broker a cease fire in syria as we learn president trump sent a pretty stern warning to the turkish president. will the strategy work? and as we head to break, we are mourning the loss of congressman elijah cummings of baltimore. he died earlier this morning at john hopkins hospital due to mri cases concerning -- complications concerning long-standing health problems. elijah cummings dead at 68 years are you crazy? let's hide behind the chainsaws. smart. yeah. ok. if you're in a horror movie, you make poor decisions. it's what you do. this was a good idea. shhhh. i'm being quiet. you're breathing on me! if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. let's go to the cemetery!
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save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. call, click, or visit a store today. cheryl: once again, we want to continue to follow the breaking news that we just received in the last few moments. congressman elijah cummings of mayor happened has died. in a statement his office saying he passed away at 2:45 eastern time in baltimore, after a
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medical procedure that he said would only keep him away for about a week. lauren: he missed two roll call votes on tuesday. he was at the center of the impeachment push against president trump. let's go to aishah hasnie. she has the latest. >> stunning, sad news out of dc this morning. a statement from chairman cummings' office reads like this. at approximately 2:45 a.m. on thursday, october 17th, 2019, congressman elijah cummings passed away at john hopkins hospital due to complications concerning a long-standing health challenge, more details will be forth coming. cummings served at chairman of the committee on oversight and reform as the main investigative committee in the house of representatives. he actually obtained his bachelor's degree in political science from howard university and graduated from the university of maryland school of law. he's been out of congress for at least a month of. he was supposed to go back to his office just this week.
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and he's been representing maryland's seventh congressional district since 1996. he began his career of public service in the maryland house of delegates where he served for 14 years. he leaves behind a wife, maya, and three children. chairman cummings, 68 years old. cheryl: certainly our heart-felt condolences go out to his wife, maya, and their family. thank you. we've got news we're following overseas this morning. secretary of state mike bomb poo and vice president mike pence are heading to turkey today they're going to try to convince turkish president erdogan to stop a military incursion in northeastern syria. the t meeting coming a day after president trump said syria's move is of no concern to the united states. let's bring in james ca carafan. how bad is this situation, in
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your opinion, between the kurds, syrian forces, and turkey and where does vladimir putin play into all of this? >> let's focus on the russia angle. i think that's the most interesting. and which you heard the most kind of silly stuff. look, the russians have no place to go in syria. the russians -- syria's always been in the russian orbit, it will always be in the ar russian orbit. they're primarily interested in the port and control of damascus. syria doesn't take them anywhere. this isn't about russia emerging as a great power player in the middle east. that's just silliness. and how much of the russian -- how much are the russians going to e expend to keep assad in office. putin is an opportunityist. he's a an ambulance chaser. cheryl: even members of the gop president trump's only party
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express concerns this opens a window for vladimir putin when it comes to syria and the bigger picture is that putin wants power in the middle east and this seems to be one step closer for him and we also should say, and i mentioned this a moment ago, that putin and erdogan are going to meet. we learned that overnight as well. >> right. look, i do policy, i don't do politics. i don't know why politicians say what they say. the reality is, the russians have no place to go here. this is classic putin. this is what he always does, he meets with erdogan, meets with other meme people, there's a dir and he shows up, how can i make hay out of this. russia has not dramatically improved its strategic he position here. that's unlikely to change. cheryl: is it bad policy for the united states to do a complete withdrawal out of syria? >> probably. because we still have interest in syria. we don't want masses of refugees.
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we don't want isis to reemerge. we don't want iran to have a platform to attack israel. so as -- where we can use our presence on the ground to help further those interests, that makes sense. we still have forces in southern sisyria. they might remain there. i agree with the president, we should not have a permanent footprint in syria. i agree with the president, we're not going to solve the syrian civil war and it's not in our vital interest to worry about the future of syria. this has been a pr disaster, the way the president rolled this out. people were confused and i think rightly so. cheryl: civilians are dying in northern syria, james and the kurds are at risk and where are the isis fighters going to go? >> why could a couple hundred american troops jump in the middle of the syrian civil war and go after the caliphate? everybody was happy for the americans to come in and a
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partner with people to kill the caliphate. they were cool for that. now that the united states essentially has accomplished the mission of destroying the caliphate, everybody is happily going back, scwaw schwa fightine bits and pieces of syria. the syrian people are stuck in the middle of the civil war. they've been in it for years and it's not our fault. cheryl: thank you for the perspective. appreciate it. lauren: futures this morning, steady as she goes, dow futures inch higher, the nasdaq and s&p up between a tenth and two tenths of a percent this morning. coming up, flu season is here and doctors are issuing a dire warning. and joe biden holds tight to the frontrunner status and slams claims that elizabeth warren has taken the reins, plus president obama makes a major political endorsement but it's going to surprise you. keep it here on "fbn: a.m.." managing lipids
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cheryl: once again, we're following the breaking news this morning and it is sad news to bring to you. congressman elijah cummings of maryland has died. we just received a statement from his office within the last hour. according to his office, he had a medical procedure that would only keep him away for about a week. the democratic house oversight and reform committee chairman was a key figure in the impeachment inquiry into president trump. he also at one time served at chairman of the black congressional caucus. congressman cummings was just 68 years old. lauren: america's economy is turning a bright green. a new study shows the green economy is a huge job creator in this country, it's driving economic growth. the study from the university college london says green economy generates 1. 1.3 trillin in sales and creates 10 million jobs. it warns the rest of the world is catching up and the u.s. will
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need to double down on cleaning up the environment to extend growth. the democratic candidates for president have been touting their own green credentials. some like joe biden are running short of green in their war chest. biden burning through crash at a fast clip. what will this mean for his campaign. we bring in kaley mcgee. he's spending more than easy raising. that's got to be a problem for him. >> you look at the way the other candidates are spending their money, it seems like they have more in their reserves than he does which brings into question how long his many campaign is going to last. we saw his debate performance. it wasn't great. elizabeth warren was definitely the frontrunner in that debate. so it really does draw into question biden's candidacy at this point. lauren: you're concerned he's going to fumble out and the campaign is not going to last. he's still the frontrunner in some polls and he's acting like the frontrunner, maybe not on
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tuesday. he didn't really go after senator warren at the debate but he is now. >> he's down playing her candidacy. if he acknowledged her as a threat, he would have to acknowledge she built a coalition of establishment types and progressive outliers and he's not been able to do that so far. if we look at what democratic primary voters want, it boils down to one thing, they want someone who will beat president trump and someone who will be able to meet trump on his playing field, which means they want an aggressive and bold candidate who can offer policy and a also aggression in a lot of ways. lauren: that's why dan heniger, when you look fast forward from now, in a presidential debate, biden wouldn't be able to take on trump, so says dan heniger. moderate candidates are concerned about senator warren and they attacked her, how are you going to pay for the plans?
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listen. >> will you raise taxes on the middle class to pay for it, yes or no? >> so, i have made clear what my principles are here and that is costs will go up for the wealthy and for big corporations and for hard-working middle class families, costs will go down. >> we heard it tonight, a yes or no question that didn't get a yes or no answer. >> at least bernie's being honest and saying how he's going to pay for this and that taxes are going to go up. lauren: why does she keep dodging the question? >> she wants to play this game where she convinces middle class americans that they won't have to pay for medicare for all and that she'll also punish the wealthy who don't pay enough taxes and we know that this is not true because you look at any other socialized country that has adopted a similar medicare for all program and middle class taxes always go up. lauren: because it costs $32 trillion. you've got to pay for that somehow. >> exactly. economists right now estimate that with even wealth taxes and
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corporation taxes that warren is proposing, that would only bring in $2 trillion in revenue. where will she get the other 30 trillion? it doesn't make sense. klobuchar is right, at least bernie sanders is being honest. lauren: well, she is the frontrunner by some polls. we'll see how it plays out. this is getting interesting. kayla mcgee, thank you very much. cheryl: hunter biden isn't the only west wing child landing lucrative corporate gigs. he made as much as $50,000 a month as a board member for a ukrainian gas company. chelsea clinton joined the board of a gas company and she made almost $300,000 in stock options and cash and that was just last year. barbara bush, the daughter of former president george w. bush, on the board of a healthcare nonprofit she co-founded. she earned $110,000 back in 2017. check out this dramatic rescue caught on tape. a highway patrol officer in utah
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risked his life to pull a man off train tracks just moments before a train came barreling through. >> get out of here. we've got a train coming. we've got a train coming! we've got a train coming! we've got a train coming! we've got a train coming! cheryl: wow. oh, my goodness. all right. that is dashcam video, showing the driver pulling the driver from the vehicle only seconds before the train slammed into the car. after saving the driver's life the officer said, quote, i was just doing my job. let's take a look at our job this morning, it's to tell you about futures and your money. we have a good job this morning, lauren, because the dow is higher, 120 points right now. that is a big jump that we're seeing, actually. some optimism out there. you've got the s&p up 13 and-a-half, nasdaq up 39 and a quarter. we got the comments from the chinese commerce ministry. seems that the trade talks are
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on track. they were positive comments. we shall see. also this, millennials may catch heat for spending too much money on their avocado toast but that may be okay because the number of millennial millionaires just hit a record. not all their financial a decisions are good ones. we'll explain. if you're not a millionaire but want to live like one, how about this company. they'll fly you around the world to get a sense of what the good life really is. we'll tell you about them. that's coming you up on "fbn: a.m.." we're invested in you. as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need.
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lauren: we do have breaking news. take a look at the markets right now, the dow is up 103 points, s&p is up 11 this morning. sky news is reporting that british prime minister boris johnson has declared that a brexit deal is done. he's on his way to brussels for an eu meeting. the deadline was saturday when he either had to have a deal or ask for an extension by law. so breaking news on brexit. markets responding favorably. millennial millionaires like michigan, especially northwest michigan. they make their home in traverse city where housing costs are much more affordable. luxury homes there start at half a million dollars. the report which also looked at millennials' lifestyles, say
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millennial millionaires make up 2% of millionaires in the country. cheryl: millennials are blamed for everything from declining marriage rates and now they're blamed for a sluggish economy. they're accused of not spending where it counts and saving their money. but where are they saving? that's interesting. because some say it is not their 401-ks. so why not? and why does all this matter to all of us? pwc partner mitch rochell is here to weigh in. your firm has done a lot of research on millennials, especially the housing industry. their habits as far as the markets and 401-k is starting to have a broader impact. >> grouping all the millennials into one basket i think is a little bit of a challenge. there are 80 plus million of them. when you look at the employed millennials, they are starting to worry about finances more now than in the past. for the most part, over the last couple years, they felt actually pretty good about their prospects for employment and their prospects for retirement.
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it's only in the last year or so that they started to get a little bit squeamish. there's a big chunk of under-employed millennials. that's where we start to place a lot of the blame. by and large, millennial as a group are employed. cheryl: 56% of millennials say they have to catch up on retirement savings. they blame high housing costs for their lack of savings and they also cite healthcare, 26% say that is hurting them as well. that's something that hasn't been resolved in the country. >> from the research we did, the employed millennials actually don't cite healthcare as one of their bigest things. the things they're more worried about is not having money for a rainy day but healthcare isn't a concern because they're employed and they have healthcare through their employer. so it's interesting. again, if you look at them broadly, you have to i think pars them between those that are gainfully employed and those that are sort of -- cheryl: we have to give them a hard time, mitch. nearly 74% of millennials, three quarters of those surveyed say they find it stressful to deal
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with all financial matters in their lives. welcome to reality, kids. >> that's a financial literacy issue which is not just limited to millennials. they weren't trained in school on how to deal with money. when they he grow up and have money problems, they have to go back -- cheryl: these are children of parents that really suffered in the great recession, the financial crisis of 2008 and a lot of them i've seen and heard, we've interviewed them on fox business, they say they look at what happened to their parents 57band they don't trust the stok market which i think is a shame. >> to millennials, their world war was the financial crisis. so that's in the rear view mirror. i think that's guiding a lot of the decisions they make and puts fear back in. when there's a bad headline, i think they harken back to that. cheryl: they're more nervous about the market. >> and buy less avocado toast. cheryl: mitch rochell, great to
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have you here. lauren: speaking of millionaires, want to live like one? a luxury travel company is offering to pay five to 10 people $2,500 to stay and play at luxury properties around the world. the luxury home testers will be offered stays from the french riviera to ocean front properties in florida. after each stay the testers will be asked to submit an 800 word report about the property qualifications including a keen eye and then they have to show the ability to actually be able to write. let's take a look at futures right now as we said, rally on our hands. there is a brexit deal. markets are cheering. dow up half of 1%. we'll talk about the brexit deal that's finally been reached between boris johnson and the u.k. and as we head to break, we're mourning the loss of senior congressman elijah cummings of baltimore. he died in the early hours this morning at johns ho hopkins
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hospital due to complications concerning long-standing health challenges, according to his office. congressman cummings was 68 years old. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. this is the family who wanted to connect... to go where they could explore and experience adventure in unexpected places... ♪ who were inspired by different cultures ♪ and found that the past can create new memories... leading them to discover: we're woven together
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lauren: breaking news, negotiators for the united kingdom and the eu agreed on a brexit deal. we bring in jane foley, senior currency analyst. good morning, the president of the ecb says where there's a will, there's a deal. we have one. it's a fair and balanced agreement for the eu and the u.k. he endorses it. we're looking at european markets this morning. the ftse in england is up just a little bit. is there now concern that the u.k. parliament will not approve this deal? >> well, of course this is a very important phase. now, we do have sterling really rallying hard on the back of this this morning. athe market has been rallying or
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sterling has been rallying for a week. the market did start off very short. saturday is a focus, usually the u.k. parrel tmen parliament wiln saturday. that's when we know for sure, at least we hope, whether or not we will get enough support in parliament to push this through. don't forget, previous prime minister may did get a deal also and three times she put that deal to the u.k. parliament and three times they failed to push it through. so saturday will be the test as to whether or not conditions have changed enough for enough mps to actually accept the deal this time around. lauren: yeah, and just a few hours before this breaking news that there is a deal between the u.k. and the eu, the dup, the northern ireland unionist party, they said they couldn't get behind boris johnson's plans because they couldn't get behind what would happen to the customs part of the border, if there is an exit. so if they're not behind it, i mean, can he get this through?
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>> well, that's the big question. we haven't had any headlines in the last few minutes about whether or not the dup are behind the new deal or not. we sort of assume maybe they would be. there's lots of negotiations between the dup and downing street over the last few days but we don't know that for sure. now, the dup only have about 10 votes in parliament. but what's really crucial bout that is that one faction of the conservative party said they would vote for the deal if the dup accept it. meaning those 10 votes if you like they represent at least another 25 votes with the tory party. it's crucial we get the dup on-board. we assume they are but we haven't seen confirmation. lauren: after three long years of talking brexit and negotiations, this week has really been pivotal. >> it really has. the movements in sterling have been crazy over the last few
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days as well. lauren: jane foley, thank you for the l time. cheryltime.cheryl: back at homu season is upon us and there is a freightenning warning from doctors to tell you about. lauren: feel like it's a repeat of last year. tracee carrasco, you have the details. good morning. tracee: yes, that's right. doctors are urging americans to get their flu shots this year. a severe flu season in australia raising concerns among public health officials. california has already seen several flu related deaths. american eagle outfitters is getting ready for the holidays but with fewer workers. it plans to hire 10,000 part-time seasonal employees, less than half the number from of last year. the store had recently warned profits for the current quarter will be below analyst estimates. and kellogg's is getting into the spirit. it's created a new cereal called all together to support the activist glad. the cereal is a mix of frosted
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flakes, fruit loops, raisin bran and corn flakes all in one box. it's available at kellogg's new york cafe. and that's what's happening now. lauren: brilliant idea. tracee, thank you. cheryl: we have a lot more coming up this morning. they are tracking your every move, from the devices at your home, to satellites in space. what you need to know to protect yourself, that's coming up on "fbn: a.m.." we trust usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. 2,000 fence posts. 900 acres. 48 bales.
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cheryl: they are watching and listening to and there's a new warning of users of google to tell you about. >> fox news 24/7 bret larson they are watching and listening. >> google executive has said that if you have a nest that's the thermostat, or echo, you should probably tell folks when they come over to your house that they are listened to. cheryl: is that a legal thing? >> we will have to have end user agreement, yes, i agree to this. cheryl: i'm not kidding. >> yeah, it is a very serious comment to be made by someone but basically admitting, look, we've known since advent to have
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personal virtual assistance that they are always listening, they are listening for keywords, okay, google, hey, siri or alexa, okay, it didn't trigger mine. every time i do that it triggers all 3 of me devices, we know they are doing that but a lot of instances they are listening, waiting and those recordings are being listened to folks on the other end who decipher what it is that they are asking, this is very jarring. >> we are talking about google nest but, we need to talk about what's above news the sky, satellite tracking. we don't know what the government has in terms of satellites, they have pretty good eyes in the sky there, we've all used google maps, we have seen the satellite, it's very helpful after natural disasters because you can see,
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like, wow, okay the title wave moved this in and out, that's where we need to go, the concern growing now is privacy and just how far down can they see f i'm sitting in a park holding my ipad in front of me, are they able to see what i'm reading and experts are say, yes. lauren: the other question is what can we do about all of this. we are invaded everywhere we go. >> it's an unfortunate where you have to raise the white flag and say, we have to be informed about this to make decisions. lauren: bret larson, you can catch him fox news 24/7, siriusxm 115. cheryl: thank you, mornings with maria start right now. >> good morning to you, i'm maria bartiromo, thursday
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october 17th, two major breaking news stories right now, marilyn congressman house oversight committee chairman elijah cummings is dead at the age of 68, passed away of john hopkins hospital from complications of lung health challenges. the draft deal has been made on brexit, uk prime minister boris johnson reached deal with eu negotiators and urging parliament to agree with it, markets spiking on the news. up 114 points on the dow, s&p futures are up 12 and nasdaq futures up 38 and a quarter. breaking news as well, maryland, congressman elijah cummings has passed away, the office releasing moments ago, at 2:35 a.m. on thursday october 17th, 2019 congressman elijahee. cummings passed
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