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tv   FBN AM  FOX Business  October 23, 2019 5:00am-6:00am EDT

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a reminder to listen to my reports three times a day coast to coast on the salem radio network. thank you for being with us. i hope you enjoyed it. cheryl: it is 5:00 a.m. here are your top stories at this hour. the heat is on for dow component boeing this morning and the earnings report. the company likely lost billions over the grounding of the 737 max and there's a scathing report from indonesian regulators, plus a high level executive is out. how is dennis mull ingberg going to respond today. lauren: the nba season kicked off with protests over hong kong, plus shaquille o'neal sounding off on the nba's china controversy. cheryl: showdown in pennsylvania today, trump versus biden, both delivering economic messages in the state. thlauren: the most expensive he
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ever in the united states just hit the market. wait until you see the pictures, what a cool $225 million could get you. it is wednesday, october 23rd and "fbn: a.m." starts right now. ♪ ♪ then i saw her face. ♪ now i'm a believer. ♪ not a trace. ♪ or doubt in my mind. ♪ i'm in love. ♪ i'm a believer, i couldn't leave her if i tried. ♪ lauren: welcome to "fbn: a.m.." good morning. i'm lauren simonetti. cheryl: good morning, i'm cheryl casone. lauren: let's take a look at how your money is moving. three dow stocks reporting today, boeing, caterpillar as well as microsoft later today. dow down 28 points in the meantime. the s&p and nasdaq marginally
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lower. cheryl: is she in or out in hong kong, questions about carrie lam's future. all of the markets in asia are under pressure except for the nikkei in japan which gained more than a quarter percent. lauren: stocks in europe are under pressure as well. brexit hits another roadblock, parrel pmenparliament approved t deal but not the timetable. the ftse is gaining a third of 1% this morning. cheryl: back at home, all eyes are going to be on boeing this morning as new information about one of those deadly 737 max crashes has come to light just hours before the company's going to be releasein releaseing the t quarterly earnings. s investigators say mechanical and design flaws in a flight control system was a big piece of the lion air 7 737 max jet crash that killed nearly 200. we're coming up on the one year anniversary of that crash. all of these details in the
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indonesia report were part of a briefing that they gave to the victims' families today. boeing as you know has just fired its first executive over the 737 crisis, kevin mccallister was the ceo of the commercial airplanes division. the replacement is head of the services division. lauren: the ceo testifies before house and senate panels next week. it will be his first public appearance since the fatal crashes. he was stripped of his chairman's title earlier this month, still the ceo. the grounding of the 737 max jet is expected to to weigh heavily on boeing's third quarter results, they are due out before today's opening bell. here are the expectations, earnings per share to tumble more than 40% from a year ago. we are going to take a look at the challenges facing the plane maker later in the show. cheryl: we should add that indonesia will release another report on the morning of octobey that mul mull muilenburg heads o
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congress. cheryl.lauren: it's the annivef one of the crash as well. cheryl: the nba china controversy hits the season's opening games. a group of activists handed out t-shirts reading fight for freedom, stand for hong kong. an espn reporter tweeted an image which showed the t-shirts. in toronto, some fans wearing pro democracy t-shirts at that game between the pelicans and the raptors, that controversy sparked by a tweet from daryl morey that was at the time supporting protesters in hong kong. lauren: after that tweet, china's state television didn't air the games. they're not airing the opening games. shaquille o'neal defended morey. >> one of our best values in america is free speech. we're allowed of say what we want to say and we're allowed to speak up about injustices and
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that's just how it goes. if people doesn't understand that, that's something that they have to deal with. but i just think its was unfortunate for both parties. you've got people speaking when they don't know what they're talking about. daryl morey was right. lauren: we wanted of to tell you the chinese foreign ministry denies a report circulating that beijing was drawing up a plan to replace hong kong chief executive carrie lam. the financial times reported if the chinese president xi-jinping decided to go ahead with that plan, lam would resign by march. cheryl: a bombshell development about johnson & johnson's iconic baby powder. the company's ceo earlier this month testified that the baby powder was safe. take that statement from alex gorski was made days before the be fda found asbestos in the same bottle of baby powder. j & j has recalled more than 30,000 bottles in the united states for possible
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contamination. lauren: many employees at wework, the office space company, who are facing possible job cuts reportedly outraged after a deal that could give the former ceo, adam newman, nearly $1.7 billion. what a golden parachute. under the deal, japan's softbank will take a roughly 80% ownership stake in wework. newman, who had remained chairman of wework's parent company, will step down from the board. softbank shares dropped about 30% from their july peak but this was a company once valued at $47 billion, now $8 billion. cheryl: congressional negotiators are expected to meet with u.s. trade representative robert lighthizer today amid concerns they that talks on the usmca trade deal might actually be backsliding. richard neil disagrees, he says most of the issues have been worked through after negotiators had a couple speed bumps. peter navarro was on bulls and bears and he had this warning for house speaker nancy pelosi.
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>> there's only a few more days left in october in the legislative calendar and november the first couple weeks, they're gone. the house is gone. the senate's there. but the house is there. so they're back for a few days before thanksgiving and this is going to be a real turkey if than you sigh blows this. i -- nancy blows this. i worry about that that. cheryl: congress is set to adjourn for the holidays on december 12th. lauren: president trump is going to talk energy and jobs today in pittsburgh as rival joe biden tries to sway voters in scranton, pennsylvania. all of this shows after a new l shows that a majority of voters don't want president trump impeached. cheryl: griff jenkins joins us with details. >> reporter: this poll is really interesting. while we've seen an increase in support for impeachment in national polling, this new new york times poll of swing states including pennsylvania painting a different picture. look at this.
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53% oppose impeaching trump while 43% support impeachment and removal. that's front and center as the president heads to the state where he narrowly won in 2016. he's talking about jobs and energy. biden is already there, held a fundraiser last night and he's hammering vice president pence. here's what he told politico, i know pennsylvania and they will not be fooled by pence's blind promotion of donald trump's irresponsible trade wars. pence is shooting back. >> when joe biden was vice president, pennsylvania lost 50,000 manufacturing jobs. and overall under the obama administration, this country lost 200,000 manufacturing jobs. so if joe biden wants to defend nafta, if joe biden thinks we shouldn't be getting tough with our trading partners and demanding free and fair trade, we'll have that debate every day. >> reporter: as key witnesss in the impeachment inquiry continue to appear behind closed doors,
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another 2020 hopeful, tulsi gabbard, is coming to the defense of the republicans, calling for transparency in the process. >> a lot of the meetings have been held behind closed doors and if that has the potential to undermine the integrity of what should be a nonpartisan investigation. >> reporter: so get ready for fighting words you out of pennsylvania today. biden delivering an economic policy address around 9:30 ins his hometown of scranton, pa while trump makes remark this afternoon in pittsburgh at a shale conference. it was less than 1 percentage point in 2016 and this is already heating up 12 months out. lauren: griffing thank you so much. senate democrats are planning a vote today to overturn the cap on so-called salt deductions. senate minority leader chuck schumer trying to repeal an irs rule that is designed to keep people from exceeding the $10,000 limit on state and local
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tax deductions. this cap affects mainly people in high tax democratic leaning or blue states. cheryl: well, we are learning some breaking news from the middle east overnight. we're finding out that turkey and russia are working together on a buffer zone in syria. lauren: really changes the balance of power in the region. tracee carrasco with the details. tracee: russia will begin helping turkey clear kurdish fighters from the turkey, syria border. president putin and president erdogan striking a deal, extending a cease fire brokered by the u.s. last week. the two nations set to force the kurds some 20 miles south of the syrian border over the next six days. it's unclear if kurdish fighters will agree to the demands. the pharmaceutical company biogen is reversing course, deciding to seek fda approval for its experimental alzheimer's drugs. a second look showed the drug may be effective at higher
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doses. shares of biogen soared almost 30% on the news. nike is getting new leadership. mark parker is stepping aside as chief executive. he will be replaced by john donohue. currently he's the chairman of pay pal. parker will be the executive chairman. this comes hours after another sports brand ceo stepped down, kevin plank of underarmor. plank's wealth jumped by $89 million as shares in under armour rose after the announcement. and chipotle is running out of steak. it's specialty dish has been so popular it will probably be done by december. the steak contributing to chipotle's strong third quarter. sales rising 11%, revenue july ping nearly 15% -- jumping nearly 15%. they also announced the addition of drive-through lanes to new restaurants. that could delay the opening of
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some. lauren: i better get the steak while i can. thank you. cheryl: let's take a look at your money this morning. it's going to be a big day for earnings. it's all about one name, folks, today. that is boeing, before the bell. right now you've got a little bit of pressure on the markets, dow down 20, s&p down 1 and a quarter, nasdaq down 1 and three quarters. boeing's likely going to report billions of dollars in losses. there's going to be questions about the return of the max. but it's not just the max problems that the company's going to have to answer to today. there's other pieces of the aircraft under scrutiny from investors. we've got that coming up next. and there's a haunted house that is so scary you have to pass a physical, you have to sign a 40 page waiver and you have to create -- this is so strange -- a safe word. this house is so scary the owner is betting big bucks you will not make it through. we're going to tell you all about it, coming up. lauren: i'm scared just by that. ♪ this is thriller, thriller. ♪ and no one's going to save you
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cheryl: it is all about dow component boeing today, they're in the spot light before the bell. lion air crash investigators say the design and mechanical flaws in the company's 73 737 max held cause the deadly crash in indonesia nearly a year ago. the head of boeing's commercial airplane division has just been
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fired. there's a lot to talk about. let's bring in gus gako and kyle bailey, a former faa safety team representative. lots of questions for both of you guys. good morning. let's talk about the lion air report that came out, they cited multiple problems with the max and they really put the blame squarely on boeing, gus. is that bad. >> there's a lot of things up in the air. they have a goodwill problem. and right now, them and -- they're maxed out, bad term, but they're maxed out with production. goodwill wise, they have to pull back. cheryl: you've got to wonder if they should just scrap the max name entirely. but they pointed to the m-cast system. there have been so many questions about the system. it relies on a single sensor. indonesian authorities said that was the wrong decision and that the design of the plane was off. again, another reason to maybe get rid of that max completely. >> that is correct. initially one sensor was feeding into that system and now there is two sensors that will be
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feeding into that. that should; correct that part of this the shy with the -- thee with the m-cast system. there have been other changes, such as the number of times the nose will be resulted as a result of the system kicking. cheryl: you think the max should come back. >> i think it should come back but it needs to be rebranded because of the explosion in the media from the two unfortunate crashes. cheryl: it's interesting, we've been watching the stock all year. this has been going on since march. the stock is up 4% year-to-date. so it's still kind of trending higher. but today could really be make or break for had that company. well, the stock, excuse me. >> there's a number of things that need to happen. you have to gain trust with the faa. you've been working with them for a number of months. they moved forward, seemed as if they would get production moving again and they would be able to certify the plane. that is on hold. you'll have the ceo in front of
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congress next week. that's going to cause a lot of concerns. it's an election season. these are things that are going to probably have him on a hot seat for a long period of time. cheryl: he was the chairman, now he's only the ceo. there are some that say in the investment community that he should be removed completely, we should add. >> the person coming in, calhoon, is a pragmatic guy. it's either let's move forward and get rid of the problems and get this fixed. cheryl: you can't just blame boeing. the faa is getting criticized. there's congressional questions about the certification process of the max. i think that's kind of starting to get corrected. but that scrutiny is going to once again come against the agency next week. >> the key is the self certification process, really both parties came under fire for that and the faa took the brunt of the blame for allowing boeing to self certify. but it's worked fine in the past, i have to say. so i mean, but in aviation unfortunately you do learn from your mistakes. but i mean, in the of past it has worked pretty well before
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these incidents. cheryl: again, pretty well doesn't mean when you've got nearly 400 people dead, the human l toll of all of this, lawsuits, they're going to have to give a status update on how they're going to handle the lawsuits and toes are continuing to pile up -- and those are continuing to pile up against the company. do you worry about that from a financial perspective. >> going in front of congress, you're going to find out what happened and when it happened. it could be a criminal investigation down the road depend pending what the answers are and what other information comes out. cheryl: it's interesting how everyone will be listening to this call more than any other earnings call in the entire reporting season right now because of the human component in all of this and the worries about that. it's going to be fascinating. >> the numbers are going to be secondary to what he has to say about what's down the pipeline and that sort of thing. cheryl: they've got the south carolina plant, they've got a military vehicle that is coming under pressure and also the 737-ng, there's cracks in that. there's so much. we're out of time. i wish we could keep talking
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about it. gus and kyle, thank you very much. >> thank you for having us. lauren: exxon mobil accused of misleadinleading investors over climate change. they faced off against prosecutors in a new york courtroom. jackie dan deangeles has detail. >> reporter: he opening arguments from both sides, kevin wallace for the prosecution opening by saying that potential investors were worried about the risk of climate change when it came to exxon mobil and that exxon had different projections in terms of how it was assessing these risks. one set that it used internally and one set that it was using to show investors that these assets looked less risky. if that was the case, it would be a violation of the martin act, that's the state anti-fraud statute. now, ted wells, a partner for paul weiss, he gave the opening remarks for the defense and part of his argument was that the cash flow projections we're talking about here were future,
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unfunded projects, that they actually don't have any impact on the current bottom line. of course, there are a lot of questions that are going to be answered over the course of what's expected to be a three-week long trial and all eyes will be on this courthouse next week when rex tillerson, the former ceo of exxon mobil, is expected to testify as well and answer to his knowledge or involvement in these particular situations. of course, rex tillerson was also former secretary of state. cheryl and lauren. llauren: still ahead, mark zuckerberg headed back to capitol hill today to face a grilling again from lawmaker as the company pledges $1 billion to a problem some say it helped to create. and more charges coming down in the college admissions scandal. is actress lori loughlin now ready to make a deal? keep it here on "fbn: a.m.." ♪ what kind of world do you
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lauren: facebook ceo mark zuckerberg back in the hot seat today, testifying on capitol hill over his plan to launch facebook's new cryptocurrency, libra. lou basineste is here. through all of this, lou, i'm wondering -- you know, facebook is one of 28 members of the libra association. is he the right person for lawmakers to drill today over this issue? >> i think he's the wrong person and the wrong company that should be leading this, but they did try -- i would say that facebook made a money grab. they tried to leave this, introduce this cryptocurrency for nothing more than more profits.
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however, i'll give zuckerberg credit. this one time. just this once. he is facing the fire. he usually sends his lieutenants to go testify in front of congress. so i read the prepared remarks. i think he's really got a weak just ajustification for lettingm do this. he said if we don't do it, the chinese will do you it first. it doesn't make sense. but the big thing is, the real basis for this, he thinks that the world needs libra because it's the way for the unbanked to get online and to have access to financial services and tha the a doesn't back it up. lauren: is this doa, dead on arrival? >> i think it is. if you remember a couple months ago we were talking about this was imminent, they released a white paper, it was happening and then we had elected officials saying put the brakes on here. in the prepared remarks,
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zuckerberg is saying we're not going to do anything until we get u.s. regulators' approval. i don't think it gets out of the gate. lauren: he's playing nice, he's showing up, like you said, instead of sending a lieutenant. facebook is also spending a record amount on lobbying this year. you could call it noise, especially if you're an investors. at what point does a justice department investigation, 47 states attorney generals investigating you, a ftc investigation, at what point does it stop becoming noise? >> i think once there's some type of regulation. we've let facebook self-regulate for long enough. now we have to put parameters in there. i think that's relevant for the platform for users and investors. until we see definitive regulations, the stock has been unhe deterred based upon -- undeterred based upon the rumors and the testimonies. investors are turning a blind eye to it. lauren: tesla reports today.
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i say two numbers are, one, cash flow and cars delivered. what do you say. >> i agree, 100%. what you'll see is the majority of the cars are low margin model 3s. that means the cash flow is going to be weak. they've got a huge debt payment coming up in november. this circus will continue. i'm going to go on the record and say this could be the next wework that falls apart in terms of valuation. lauren: i will agree with one thing. it is a circus and we're in it every day. lou, thanks for playing today. >> thank you. cheryl: facebook is sharing the wealth, sort of. they're investing a billion dollars to tackle the affordable housing crisis in california. the company will build 20,000 housing units across the state over the next 10 years. looks like it's needed. experts say the bay area in particular and the economy has only created one home for 10 new jobs over the past decade. that causes housing prices to skyrocket, less supply and a lot
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more demand from higher paid folks. facebook has been blamed for helping korea ate the housing -- creating the housing crisis by bringing in the high paid tech worworkers. this is the worst housing crisis in the country there. coming up next, it is a battle in the battleground state today. both president trump and joe biden are in pennsylvania. will blue collar joe's fight against the trump economy be enough to sway the swing state? and millennials are obsessed with checking their scores from their uber ratings to their number of instagram likes, obviously. but the top number that they say they are most obsessed with, it's going to really surprise you. it surprised us. we'll share it with you coming up on "fbn: a.m.." we're invested in you. ♪ who runs the world. ♪ girls. ♪ who runs the world. ♪ girl. ♪ who runs the world want to fols rather than worry about how to pay for long-term care.
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cheryl: president trump is headed to the keystone state today, eggs gointohe he's goings and energy in pittsburgh as joe biden is trying to sway voters in scranton. pennsylvania is an important battleground state which trump narrowly won in 2016. let's bring in kaley from the washington examiner. one of the things joe biden is going to talk about is his economic policy and his economic background when he was vice president. is that going to really -- how will that play out in pennsylvania? >> biden is one of the only democratic candidates that we don't have a full economic plan for yet. we do know a few things. we know he will go after trump's tax cuts and we know he will attack trump on the premise that trump is just enriching himself and the wealthy and the coring'ses, at -- corporations at the expense of middle and lowers classes. he will appeal to the blue collar workers in pennsylvania and try to appeal to that way.
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cheryl: it will be interesting. when you look at manufacturing job losss in the state of pennsylvania, the numbers may be a problem president trump. the biggest percentage declines in states where trump won by less than 5 percentage points, trump had a lo loss of 81,000 j. he has to get the working class and the suburban voter in the state. >> this could be where trump's economic policies hurt him in swing states like pennsylvania. he tends to blame unfair trade deals for job loss and job outsourcing. if you look at the numbers, seems like automation is doing more harm to mining workers and other automotive industries in states like that. cheryl: it's interesting too, the president -- we'll see what happens if he goes off script or stays on script but the impeachment inquiry he's been very vocal about that. the editorial board of the wall street journal said his use of the word lynching yesterday kind of shows he's putting other
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republicans on the spot, defending what some say could be an indefenseable word, to use that term, lynching. joe biden used that same word during the clinton impeachment hearings, is this noise or is this resonating with potential voters. >> among the blue collar workers that biden and trump will be speaking to, i think this is just all noise in the beltway echo chamber. what they care about is they're coming home to more cash on the table because of the tax cuts, they have more job security and those are the things that matter. cheryl: that's the trump economy. i agree with you there. l elizabeth warren among college democrats has now actually taken the heed ahead of -- we're surprised by this -- bernie sanders. what do you make of that? s is that about sanders' health issues? is it because she's resonating more these days. >> sanders' health issues could play a part in this. it's remarkable. if you think about it, the younger voters, especially the
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educated college students, were the first ones to get on-board with bernie and the kind of radical change that he's proposing. now they're moving over to warren, and her plan for everything agenda, it really is quite telling about where this election might drift to. cheryl: again, today is going to be pretty interesting. we'll have biden in pennsylvania, we'll have trull in pennsylvania, -- have trump in pennsylvania, we'll be watching all of that. our viewers need to stay tuned. who know what the president will say and we'll be interested to see what mr. biden has to say as well. thank you for being here. >> thank you. lauren: actress lori loughlin an 10 other parents are facing new charges in the massive college admissions scandal. prosecutors add ag adding a briy charge for those who pleaded not gil in the case -- guilty in the case. a new report says loughlin may end up taking a plea rather than risk going to trial. felicity huffman was given 14 day behind bars after she
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pleaded guilty. meanwhile, a mom who was once known for her how-to books on good parenting will be sentenced today. kind of ironic. jane buckingham paid $50,000 for a proctor to take her son's act test. well, what's your number, not your phone number, but your credit score. according to a survey, 59% of millennials say they're obsessed with checking credit scores, more than their uber ratings or social media followers. they say they worry about their credit score because it has a greater impact on their lives than likes and followers on instagram and facebook. 19% of those surveyed called their habit an obsession. cheryl: i've seen those commercials for your credit score. have you seen those lately. it's two young women talk about their credit scores. lauren: they really care about it. did you see last night's game, history made in houston. the nationals defeating the astros for their first ever world series win.
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jillian mele is live at minute maid park. game two tonight. how does it feel? >> reporter: nats take game one in astros territory. astros won the world series in 2017. the nationals have never. can the astros cay i take it foe two? that's tbd. we'll show you highlights from the frame last night and a all of -- from the game last night and all of the excitement when we come back. ♪ fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity.
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♪ lauren: you know what that is, cheryl. cheryl: i think that's baby shark. lauren: ding, ding, ding, baby shark being played on the washington nationals organ. it is being used to celebrate the team, the washington nationals, for making the world series. cheryl: that's pretty exciting that the nationals are there, first time ever. ththey stole game one last nigh. lauren: jillian joinses u joine from minute maid park where the home team has work to do. good morning, jillian. >> reporter: we're getting used to seeing that baby shark thing going on. we'll see a lot more of that. i want to give you guys a year, 1924. that is the last time a dc team
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won the world series. it wasn't the nationals. they've never won it. it was the senators. it's been a long time coming. the astros it was in 2017. last night was quite an exciting game, electric inside of the park. top of the fifth, an rbi double. that gives the nationals a 5-2 lead. that's what really broke it loose for them. we head to the seventh and george singer homered his fifth consecutive world series game. he also added an rbi double in the eighth. it wasn't enough. the nationals have 5-4 win. the nationals celebrating after the big win. i've got to tell you, take a look at the excitement throughout the park all night long. watch this. ♪ >> it's something you dream about, going to the game with your son. >> you've got the boots, you've
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got the socks on. >> it's a sea of orange and blue. there has to be a nationals fan in here somewhere, right? let's go find them. >> where you at, where you at? >> you are the one wearing red in the sea of blue and orange right now. how does that feel? >> it feels so good. it feels so good. >> what would it mean for dc, for the fans? >> oh, my god, so much, so much. they've been waiting a long time. >> shout-out to the people that followed us, nick johnson, brian zimmerman. this series is for you. we've got to take these guys out and shock the world. >> go nats! >> go nats! >> reporter: so much excitement in the air. game two is tonight on fox, 8:0. we'll see if the astros can win it on their home turf tonight. if not, it will go back to dc for a game on friday night and back to dc if needed. a lot of excitement in the air. back to you. lauren: are you making any
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predictions? >> reporter: i think you i have to go with the nationals, maybe in six. lauren: okay. jillian, have fun. thank you so much. cheryl: all right. well, who loves free take he co-s? we're taig -- tacos? if you like free tacos, you can thank the nationals for winning the tacos for america. tacos are available until november 30th from 2:00 until 6:00 p.m. you're welcome, everybody. lauren: all right. strong winds creating critical fire threats across much of the state of california. cheryl: we were talking about those fires yesterday. senior meteorologist janice dean is back with us from the fox weather center. janice: red flag warnings up for thursday and friday for much of california, conditions are going to be dry. the temperatures are going to be very warm and we're going to see those santa ana winds kick in.
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there's the relative humidity forecast as we get into today through thursday and friday. doesn't get much better. we don't have that on-shore flow. we'll have to watch for that. we are anticipating some pretty terrible conditions in terms of fire danger. all right. past 24 hours, the storm system is out of here across the northeast. we're watching the next low pressure center that's going to bring snow across l colorado, maybe teen panhandle of -- maybe even the panhandle of texas and plenty of heavy rain for the next couple he'l days, into the weekend for parts of the south and southeast. they're opening some resorts in colorado frida this friday and l watch for the chur moisture movp to parts of the northeast this weekend. cheryl: taking a look at futures this morning, it is all about boeing's earnings before the bell. these numbers could change. they're a dow component. going to be a rough report, we expect, for boeing.
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dow down 29 right now, s&p down 3, nasdaq down 7. lot of questions about that company. also, for the first time ever, the fda is putting their weight behind a tobacco product they say is less harmful than smoking cigarettes. what could that mean for those that smoke? plus, why the work smoke break could be doing more harm than good for you and it's got nothing to do with the actual act of smoking a cigarette. we've got details coming up on "fbn: a.m." ♪ abc, easy as one, two, three. ♪ simple as do, rei, mi. ♪ abc, one, two, three. baby you and me, girl. and our love is one of a kind ♪ strong brilliant unbreakable ♪
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lauren: should we call it a speed bump, parliament approved
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prime minister boris johnson's brexit plan but blocked the timetable. michael, can i say we might finally perhaps be coming to an end of this brexit drama? >> oh, most definitely maybe, perhaps. [ laughter ] >> that is definitely what is feels like. we do appear to have made some progress, i think. but the problem is the mps wanted more time to scrutinize the detail and that's where i think the process fell down. it feels almost like a relay race and we got to the firsthandover. un-- first hand over. unfortunately, the baton was dropped and we have to start again. where do we go to next? ultimately the next stage is in the hands of the european union. they have to agree to terms of the next extension, is it going to be a short extension, is it going to be a longer extension.
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if it's a long reer tension, dos the u.k. government bend the bill and push for an election. will labor be minded to grant an election and so on and so forth. so i think much depends on when the extension or how long the extension is. will the prime minister try and negotiate with mps to push the bill through in the remaining time allotted of two or three weeks and if not, will he call an election. lauren: it's a marathon. the ftse 100 -- >> it's always been a marathon. lauren: it's higher by half of 1%. is it safe to say as we wrap this up take that no deal has been averted or not yet? >> no deal has been averted in the short term. and that's why the pound has come off a little bit because the uncertainty now continues potentially to january next year. and that's essentially where we are. lauren: all right.
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cautious optimism, i suppose. michael, thank you, i think. >> indeed. thank you. lauren: see you next time. cheryl: we've got another busy day in washington to tell you about. hohouse lawmakers are going to consider the first federal tax on vaping today. lauren: tracee carrasco with the details. tracee: the house ways and means committee set to vote on a bill that would tax nicotine in e-cigarettes, similar to the tax on regular cigarettes. if it proved it's expected to generate nearly $10 billion over the next decade. the plan is in response to dozens of vaping linked deaths nationwide. and for the first time, u.s. health regulators endorsed a tobacco product as less harmful than cigarettes. the food and drug administration allowing swedish match two claim that using its tobacco pouches puts usesers at a lower risk of cancer and heart and lung disease. regulators stress the swedish pouches are not safe, just less
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harmful and that all tobacco products pose risks. technology is helping sell homes. a recent study shows buyers want homes that implement smart technology or at least are compatible with smart home devices. a new york real estate agent tells fox business smart homes hold value longer and sell more quickly. we're not sure how smart this home is but sure is expensive. the property known as c after saencantada is selling for $225 million, making it the most expensive current listing in america. the bellaire, california mansion has 60 rooms, a pool house, a movie theater, it dates back to 1938 and was once owned by conrad hilton. and that is what's happening now. look at that. cheryl: fun fact about had that house, guys, the last two times it went on the market in the last 60 years it was also going to be the most expensive listing at that time. every time that house gets sold, a new record gets broken.
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lauren: i wonder what exactly it is about it. i'm sure there's competing houses but there's something special about that one. cheryl: it's in bellaire. lauren: 60 rooms. sounds like a headache. cheryl: coming up, halloween is almost here. if you plan to trick or treat in one town, you could go to jail. the house that's so scary that basically you need a doctor's note to get in. that's insane. we're going to have details coming up on "fbn: a.m.." ♪ tonight, we are young. ♪ so let's set the world on fire. ♪
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♪ ♪ >> cheryl: employees are feeling the pressure. >> if your boss or employer, after hours you don't have to check your e-mail, would you feel relieved or stressed? >> relieved. >> a new study from the university of sussex in england, employers said you can connect from work, that made the workers more stress and have that much
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more anxiety because they felt like they were missing out as well as they were worried about how many emails they would have when they came back. sometimes you are on vacation and still checking my phone. cheryl: i would be stressed out if i go to jail. >> somebody dug up old city code and still over this day if you're over the age of 14, you're not allowed to go trick or treating and also not allowed trick or treating after 8:00 p.m., they will not enforce this unless given a reason to. cheryl: halloween house that you need a physical to go in. >> this is while, mckinney manor, so haunting, so scary, you have to sign a 40-page waiver, physical beforehand and also they will screen you and find out your biggest fears and what they do is they taylor and
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curate the house to it, if you get through the house you'll get $20,000, but the thing is nobody has been able to get through it. it's that scary, it's crazy. lauren: she's been doing real estate stories. [laughter] cheryl: all right, we are sending it over to somebody who doesn't scare, maria bartiromo, good morning. maria: happy wednesday, good morning, i'm maria bartiromo, it is wednesday october 23rd, your top stories right now before 6:00 a.m. on the east coast, the boeing 737 max crisis and company's bottom line, boeing reporting earnings this morning ahead of the report the company's ousting one of key executives, all the news around boeing this morning, dow industrials down 27 points right now, s&p futures flat, down 2, and nasdaq lower by 3, flat story there as well.
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fallout over hong kong t controversial extradition bill that sparked the ongoing protests formerly withdrawn, china is looking into replacing leader carrie lam, the season kicks off with protests, shaquille o'neil sounds off on free speech, mornings with maria begins right now. ♪ ♪ maria: art hogan and partners and founder omeed malik, earnings driving the markets and

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