lou: always good to see you. thank you for being with us. that is it for us tonight. listen to my reports three times a day "coast to coast" on the salem radio network. lauren: it is 5:00 a.m. here are your tore stories this hour. isis reportedly naming a new leader after u.s. forces take out out the world's most wanted terrorist. the white house is defending president trump's decision to keep the massive operation under wraps. cheryl: a state of emergency in call important why as wildfires tear through the state and pg&e cuts power for over 2 million people. how california's green policies may be partially to blame. lauren: we are one year away from the 2020 election and one democratic frontrunner is starting to emerge. what your presidency could mean for your wallet. cheryl: what do you need to have a product tif productive d? what half of america says they can't start their day without.

its is monday, it's october 28th. "fbn: a.m." starts right now. ♪ ♪ it goes like this. ♪ you want the moves like jagger. ♪ i've got the moves like jagger. ♪ i've got the moves like jagger. cheryl: welcome to "fbn: a.m.." good morning. i'm cheryl casone. lauren: good morning, everybody. happy halloween week. i'm lauren simonetti. cheryl: yeah, as we head into the busiest week for the q3 earnings season, we'll take a look at how your money is moving this morning. futures are higher right now. the dow is up by 49, s&p up 4 and a quarter, nasdaq up 21 and three quarters. walgreens reports this morning. the dow and s&p are higher. watching that nasdaq, apple, facebook, google parent alphabet also coming out this week.

lauren: the s&p is 3 points away from a record high. stocks in asia rally. the shanghai composite up almost 1%. china says phase one of the trade deal with the u.s. is, quote, basically completed. cheryl: in europe, th the eu st to approve a deadline extension from europe's moving from the block. lauren.lauren: breaking news. isis reportedly has a new leader, after th a death carried out by u.s. forces. cheryl: he was killed in syria. trey yingsts is in jerusalem with the details. >> reporter: the leader of the islamic state is dead, president trump you announced in washington. he was killed in a raid that took place in northwestern syria. u.s. service members were

involved in the raid eight helicopters were used. he detonated a suicide vest inside a compound as the raid unfolded. mission was described as an extremely dangerous one since rebel forces in the area have surface to air missile as well as rpgs. president trump said no u.s. service members were injured or killed as he ran away from the special operations group, trying to escape. >> baghdady was vicious and violent and he died in a vicious and violent way, as a coward, running and crying. >> reporter: u.s. officials say only russia was given advanced notice of the operation on a deconsistendeconflictingsconfliy control this part of syria.

reports indicate that kurdish intelligence along with the cia played a pivotal roll in locating and cornering him. the death is symbolic in the region as the group looks to regroup yo amid instability in syria. the ideology behind isis is still alive and well. cheryl: democratic lawmakers including speaker nancy pelosi were not notified until right before the president addressed the nation about the mission, out of concern the details would leak. on fox news sunday, vice president mike pence defended the president's decision. >> from the time that we got actionable intelligence, the be president's total focus here was on a successful mission and the safety of american troops. lauren: there's a lot of distrust in washington. check this out. the washington post chri criticd

for changing the headline of his death. the first version described him as the islamic state's terrorist in chief. the next one called him an austere religious scholar. they said they changed the headline quickly. the version o third version cale extreme leader of the islamic state. cheryl: while president trump announced the death yesterday morning, he laid out three major reasons why the united states. laurenshould secure syrian oil . >> the oil is so valuable for many reasons. it fueled isis. number one. number two, it helps the kurds, because it's basically been taken away from the kurds. they were able to live with that oil. and number three, it can help us. we should be able to take some also. cheryl: the pentagon is sending a armored vehicles and combat

troops into eastern syria to protect oil fields. lauren: a state of emergency, back at home, in the state of california as fast-moving wildfires spread to 30,000 acres. cheryl: claudia cowen joins us from fair grounds where officials are looking to evacuate nearly 200,000 people. >> reporter: good morning. the fire has gotten a lot bigger since you reported that figure. we're now at 54,000 acres. here at the sonoma county fairgrounds, this is one of many evacuation centers. the 500 people here represent a fraction of the 200,000 people that remain under man tri evidence ac-- mandatory evacuation orders continue. people grabbed what they could and got out fast. >> oh, my god. >> oh, my god. >>s this is crazy. >> oh, my god.

>> reporter: yesterday, strong winds caused spot fires in several bay area communities. take a look at the scene at the kartina's bridge. smoke from the fire visible for miles, flames also coming right up to backyards in the sonoma county city of windsor. the fire has destroyed 94 structures including more than 20 homes in the town of geyserville with gusts clocking in at more than 100 miles an hour at one point, firefighters actually lost a little bit of containment, down from 10 to 5% and 80,000 homes and businesses are still threatened. the sonoma county sheriff has a stern warning for those who do not heed evidence evacuation o. >> we are doing the right thing by keeping you out of these areas. when the fire makes a run and the winds are you pushing it, yu

can't win. >> reporter: the governor declared a state-wide state of emergency, all of this coming amid a widespread power outage covering nearly 35 counties in california. the move is designed to reduce the risk of catastrophic wildfires caused by downed or damaged power lines. the winds are expected to die down later today but we're not out of the woods just yet. strong winds expected to kick up again tomorrow night and into wednesday and even ass pacific gas and electric starts to restore power to some parts of northern california, the utility is warning of another public safety power shutoff later this week, the fourth one this month. full containment on the kincaid fire is now not expected before november 7th. cheryl and lauren, back to you in new york. cheryl: we're going to take a look at pg&e close near a you few moments on this -- closer in a few moments on this show. now that the united auto workers union has wrapped up a new labor

deal with general motors, that happened late in the day on friday, it's turning its attention to ford and fiat chrysler. union officials say they will use the agreement at gm as a testimony letemplate for the oto makers. it could be a problem for ford and fiat chrysler which you may not be able to afford the type of agreement. bargaining is underway. all sides are hoping to avoid another strike. lauren: the world trade oranization today begins reviewing china's request for $2.4 billion in retaliatory tariffs against the u.s. china accusing the u.s. of failing to apply with a wto ruling on tariffs that dates back to the obama administration. the hearing as the u.s. and china appear to close in on finalizing phase one of a trade deal. one area of agreement involves poultry, the u.s. agreeing to import cooked chicken from china and china will remove its ban on u.s. poultry. and this, the wall street journal reporting that beijing is trying to drum up business with u.s. and other foreign

companies. that suggests the trade war is truly starting to take a toll on the chinese economy. cheryl: president trump getting praise from the head of the imf. in an interview on hbo, she called trump brave for cutting taxes. >> you sell u.s. short and just to give credit -- just to give credit to the leadership here, the united states is one of the better performing economies and it is because it had the bravery to use a tax reform to spur more growth. cheryl: rereplaces christine lagarde who is becoming the president of the european central bank. lauren: former democratic michigan congressman john conyers. he was the longest serving black member of congress and founded

the congressional black caucus. he served for more than 50 years. he stepped down in 2017 in the wake of sexual harassment allegations. he was 90 years old and apparently died of natural causes. democratic congresswoman katie hill resigned. the of move coming after several reports allege inappropriate relationships with staff her stn her office and campaign. she was under investigation by the house ethics committee. lvmh looking to add another luxury brand to its portfolio, making an all cash bid to acquire tiffany for roughly $125 a share, which values tiffany at $14.5 billion. the companies aren't holding talks but tiffany is expected to respond pretty quickly to the offer. the financial times reports they will say no. tiffany shares are surging 19% in the premarket. and virgin galactic ready for takeoff on the new york stoc nek exchange. they're going public through a

direct listed today. they're the first listed company to focus on space tourism. they have 600 customers ready to take flight. it's unclear when the first flight will launch. that is what is happening now. i'm not ready to sign up. cheryl: what's happening right nows is your money moving. we're going to take a look at the numbers. the dow is up 52 right now. it is the busiest week for earnings. so that's going to be -- it could be a crazy week, could be a good week. s&p, we're 3 points away from a new record close from the s&p. we barely missed it friday at the close. that could happen today, based on these numbers that we're seeing on the screen. s&p up 4 and three quarter points in the nasdaq. nasdaq is up 20 points and change. and speaking of earnings, coming up, beyond meat, they were one of the year's hottest ipos. the stock's been on a wild ride ever since. can the company stack up to the competition and turn a profit? and there is one group that is about to profit big-time. millennials. how they will soon become the

richest generation in american history. lauren: before we head to break, we want to show you gas prices in the u.s., the he lowest is $2.24 in louisiana. and the highest, no surprise, california coming in at $4.06 a gallon to fill up. keep it here on "fbn: a.m.." ♪ carry on my wayward son. ♪ there will be peace when you are done. ♪ lay your weary head to rest. ♪ don't you cry no more.

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lauren: investors looking ahead to a very busy week of earnings, 149 s&p 500 companies reporting. alpha et bet is after the -- alphabet is after the bell today, and so is beyond meat. david nelson is here. thanks for joining us. google had issues internally. the washington post reporting that the ceo says employees don't trust the company and externally all these investigations and regulatory oversight. >> that's likely the bigger risk for the company. i don't think it's on the earnings front. they have a pretty attractive growth profile. then have you the regulatory regulatory issue and calls to break up the company. that's likely to go on for some time. it's not just google, it's other large cap tech companies. cheryl: if we could pull up the beyond meat expectations. they're supposed to post a

profit, the first one, of three cents a share. >> it's too beyond for me. which tell anybody, if you -- i would tell anybody, if you want to try the stock, buy the burger. i didn't like it. lauren: you're a vegetarian and you do not like it. >> i did not like it. i've seen th ital whole foods. i'll pass on it. it's part of the problem, growth at any price. that isn't playing well anymore. we saw what happened with wework. the stock could pop if there's any good news because about 47% of the float is short. [ laughter ] s.lauren: i was looking into e plant base, is it a trend, is it here to stay? >> what's the barrier to entry? i don't see any barrier. lauren: a lot of meat companies are coming out with their own brands too. delta co-said -- del taco said

they don't see an increase in traffic because of this. >> i'd go there. i'm a veggie. lauren: the fed, wednesday, 93% chance that the federal reserve cuts rates again, it would be the third rate cut in a row, third rate cut this year. do they do that or do they wait and see how the other rate cuts are affecting the economy? >> i think this was more of a yield of curve adjustment. i think they felt they had to make a move. we were inverted. we're still inverted. we're starting to come out of that. it's in response to europe. the rest of the world is living under water. germany's rates are negative all the way out to 30 years. i think they felt they had to do something and we have had soft economic day the take. we've seen it in manufacturing. and the rest of the l worl the s soft. 40% of. susan: 500 revenue is offshore -- s&p 500 revenue is offr shore. laurenoffshore.lauren: it's th3

points from a record high. we have a fed cutting rates. >> we have a fed cutting rates. i think they cut for the reasons that we need. but we are challenged. earnings are going to be likely down year on year when we get the final numbers. we've seen estimates come in every month. job growth is starting to slow, we're down to 105,000 for this friday. lauren: and the jobs report is on friday, exactly. >> and we shouldn't be concerned about that. we're late in the cycle. i think if there is a problem, we'll likely see it in claims on thursday rather than friday. lauren: david nelson, thank you very much. cheryl: after criticism hit a fever pitch in china, the general manager of the houston rockets has the support of most americans. daryl morey's tweet backing pro democracy protesters in hong kong sparked a dispute between china and the nba. a poll found 77% of americans back morey and they say the rockets should keep him as the team's general manager. at the same time, 52% say that

los angeles lakers star lebron james' criticism of morey was financially he motivated. staying with sports, baseball fans may think they're watching a world series that's being played in an alternative universe where several is upside down. a big win for the astros in dc again. jillian mele was there for all the action. what's coming up? good morning. >> reporter: lots to talk about last night. the astros take three games in washington as they head out to home field advantage in houston for the final two games. we'll break it down for you, give you highlights and tell you about the president and the first lady who were in attendance. that's all coming up when we return. ♪ you are unforgettable. ♪ i need to get you alone. ♪ why not yeah, that's half the fun of a new house.

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cheryl: the houston astros are one win away from their second world series title. lauren: in three years. jillian mele is outside washington nationals park with reaction from the disappointed hometown crowd. you said there would be a game singsix but you're rooting for e nationals. >> reporter: i thought the nationals were going to take it. you never know. there are still two games, there is still time. let's talk about what happened last night. president trump and the first lady were in attendance. they got there just about game time and stayed for the majority of the game. thetheythey were greeted with md reaction. there were boos in the crowd. we begin in the top of the second inning when alvarez hits a 2 run home run.

karera hit a home run in the fourth. the bottom of the seventh, this solo shot gets the nationals on the board. this is the only time that they would get on the board. that was a one run home run there. george springer makes it 7-1. the astros are up three games to two, so as you mentioned, they do have one more game to go. there were some happy as astros fans in the last night and pretty sad and disappointedappod nationals fans as you can imagine. take a look at this. >> are you sad, disappointed, angry? >> yes. >> people are disappointed, people are leaving early. that kind of stinks. >> that's true. that's true. >> everyone loses at home. >> what do you say? >> i say we get the next two. we're in it. >> i still have faith in them. i'm still waving the flag. i say the nationals take it in houston. >> what do have you to say to the players then go out to how ton. >>houston.

>> just win. >> what was it like going back in enemy territory. >> it was tough. >> the nats are still the best. >> we'll take game six and seven. >> it's all about the home team not winning at home. they could go there and win two games. >> bet of strasberg. -- bet on strasberg. >> reporter: nationals fans are obviously disappointed. they get to see the win at home but majority of them still thinking positively. game six is on tuesday, 8:00 0r 7 on fox and we'll have you covered with all of the details, the highlights, low lights, everything in between. cheryl: certainly the astros got their tails whipped the first two game games in texas, o anything can happen. >> reporter: you got that right. cheryl: thanks for all the coverage from fox and friends

co-host jillian mele. while nationals fans would have preferred a win, bud light is looking to soften the blow for one fan. jeff adams let a home run ball hit him in the chest instead of dropping the beers he was holding. the video went viral, calling the bud light twitter account to called him a hero. he did save the beers at the same time. lauren: that's the best promotion ever. check this out. two women flashed astros pitcher jared cole at the world series. some think they were trying to distract him. but they say they did it for breast cancer. they've been banned from the mlb for life. cheryl: let's take a look at u.s. futures this morning. we're going to be hearing from the first dow component of the week, walgreens, reporting before the bell. all this could change. the dow is up by 52. we're watching the s&p 500, we're 3 points away from a record close. we'll see if we get that today.

s&p up 4 and three quarters right now. nasdaq is up 20. still ahead, pg&e turning off power for over 2 million people as wildfires tear through california. why the state's lib bra green policy -- brib liberal green pos may be partly to blame. plus, why the chances of hillary clinton tossing her hat in the 2020 ring just got a little more likely. you're watching "fbn: a.m." ♪ wasted away in margaritaville. ♪ searching for my lost shaker of salt. ♪

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cheryl: there is plenty of anger and frustration in california. the state's utility pg&e has been shutting off power to residents to avoid those fires sparked by electric lines. more than 2 million customers affected. govern governor gavin newsom not

holding back by criticizing the utility. there's a lot of criticism against pg&e fo for giving out multimillion dollar bonuses to executives, instead of fixing the issues. they have had to comply with several green laws and spent millions of dollars to deal with the green policies that only calcalifornia has. some say that is what has really hurt the company. >> you have a one party ruling state and very eco friendly or like an eco dictatorship if you will, in that the state of california, you can not clear the brush from all the forests the way they used to. it's something that former secretary of the interior ryan zinke used to bring up all the time that a lot of wildfires are caused because of the deadwood that's sitting out there that's no longer able to be removed. now it's kindling.

you have dry, deadwood so any time there's a little bit of fire, they get massive. if you want to blame pg&e for all the issues, you're going to run a you'd l tilt out of -- run a utility out of business. i don't see how the equity holders will end up with anything as we go through the bankruptcy. if the wildfires continue, i wonder how much the bond holders will be left with. cheryl: there's a citigroup analyst who said they think the pg&e stock will go to zero. if you look at the numbers, it's pretty incredible. state laws mandate utilities pay obtain 33% of power from renewables. $2.2 billion in rebates given to customers for rooftop solar panels, all of this mandated by the state and pg&e had to comply. that's where a lot of the money has gone to, not the power line repair. >> a lot of lack of

infrastructure investment as a result of legislature from the one party state government who's is interested in a political agenda. some may say it's a favorable agenda for the environment but there are consequences to it and the rolling blackouts are the consequences the state of california is living through right now. cheryl: one former california official was on fox and friends and he told ed henry he believes it's going to be a federal taxpayer bailout, that pg&e, the company which is already in bang run you sigh protection, is going -- bankruptcy protection is going to be no more and the u.s. taxpayer will have to come to the rescue. >> it will be interesting to see how this comes through especially with bond holders like elliott management. they're famous for seizing takers that belong to the t government of arrest jen a arge. unless you have the federal government threaten the bond holders directly, i don't see

this playing out in a clean fashion. it will get worse before it gets better. cheryl: it's getting worse by the hour for california residents who are suffering through all of this. mike lee, thank you very much. lauren: 2020 hopeful bernie sanders gets a new round of squad support. michigan congress woman rashida tlaib endorsing the senator at his detroit rally. >> i think of bernie when he saw myself and other sisters in service being tacke attacked bys president, this bully. there was no hesitation, he said what can i do to uplift you all. lauren: he called bernie the arabic term for uncle. hillary clinton thinks she's december continuedestined to bes accordinaccording to dick mor. >> my feeling is she wants to.

she feels entitled to do it. she feels compelled to do it. she feels god put her on the earth to do it. she is hesitant because she realizes the timing is bad. lauren: morris thinks clinton will wait to see if biden drops off before making any moves. she was the failed 2016 presidential candidate. she is touring to promote her new book with her daughter, chill shy. chelsea. ththe s&p only needs 3 points to close out a record high of 3,025. up next, it's a bird, it's a plane, it's a satellite. how one family just got an out-of-this world surprise in their front yard. plus, a watch with an out-of-this world price. tag. and a '90s rocker's iconic sweater just hit the auction block. keep it here on "fbn: a.m." ♪

♪ bring is back. ♪ whoa. ♪ tell me what do i need. ♪

♪ crash into me. ♪ crash into me. ♪ lauren: dave matthews for you, crash into me, talk about a crash landing. a space balloon crash lands on a michigan farm. check this out. >> never know what's going to happen.

it's never boring on the welki farm. lauren: that's a samsung balloon originally mistaken for a satellite. all part of a marketing campaign by samsung to take pictures of planet earth. crash landed just like that on a michigan farm. cheryl: we are getting breaking news on brexit, this just crossing. according to an eu official they have approved now to let the brits get a three month extension for brexit. again, this is just crossing right now. again, january 31st, 2020, that is official. this is coming from eu's tusk. they're going to formalize it through a written procedure but again, that just breaking out of brussels and the eu. let's bring in mike baker of etx capital. what does this mean then? doesn't this get pushed back now to parliament to deal with? >> yes. so it's been a bit -- the board's back in the u.k.'s

court. they need to decide how they're going to pursue it. it's pushed out to the end of january next year and it's down to u.k. parliament to either push for a deal, the one that's already agreed between boris johnson and the eu, or are they going to go down an election route and get a new election in december. cheryl: how likely is that, that there would be this snap election that boris johnson is pushing for? he has less political support in parliament than theresa may had. >>had.>> he will need the suppof the opposition party. there could be a vote of no confidence. there could be a one line bill they're calling it at the moment, which could see the date in december set at the election. it seems unlikely at the moment but it's going to be a very hectic week in parliament this week and very interesting for sterling.

cheryl: we've certainly seen the european markets i think kind of handle all of this with about a relative calm, if you will. but what is the best case scenario for investors? not just for european investors but also for u.s. investors, what's the best se nature he yow foscenario for thetrade relatioe u.k. and the united states? what do you think? >> to be able to negotiate the deals around the world, it would be the case for the u.k. to leave the customs union. that's what it seems the new deal that's been negotiated has achieved. best case scenario would be for parliament to put through the deal that's on the table, that removes a lot of uncertainty, and you could finally move on in thes process that's taken nearly 1,000 days to complete. and start agreeing to some trans-atlantic deals. cheryl: fatigue i'm sure has set in.

hopefully it won't cause more volatility in the markets. mike baker, thank you for being here this morning. lauren: let's get to some other headlines making news. joker laughs his way back to the top of the box office. the movie bringing in $18.9 million over the weekend, edging out maleficent. joker is the most successful "r" rated movie ever, taking in $849 million globally since its release. at&t reports a few minutes from now. a rare 1950s watch hitting the auction block in hong kong. it has a rare trans lucent blue enamel dial and is expected to fetch between 7 and $14 million. also, in auction news, kurt cobain's iconic green he sweater from 1993 sold for $334,000 over the weekend. the he sweater was worn at

nirvana's mtv unplugged performance and reportedly hasn't been watched since of. that's 26 years. cheryl: we had that on maria's show. lauren: did it smell? cheryl: i didn't get that close to it. lauren: a president of the late president's dog sully has been turned int into a statue. the golden retriever assisted the former president for the last six months of his life before president bush's death last november at age 94. everybody remembers that iconic photo of sully paying tribute. looking for a positive start to the day? maybe you just need a cup of coffee. a new survey reveals 85% of americans are making a conscious effort to thinks positively every morning and half of those

questioned said you can't start out the morning positively without a cup of coffee. i only have -- a good cup of coffee starts my day the right way, what about you. cheryl: i need about three cups of coffee. the dow is up by 62, we're seeing a little bit of momentum to the upside in the futures market. we have six dow components reporting this week. this is the busiest week for earnings. the s&p is 3 points away as of friday's close from a new record. we'll see if we get that today. s&p is up by 5 and a quarter in the premarket, nasdaq up 21 and-a-half. coming up as some 2020 candidates push free college for all, one company is taking student debt head-on. and a new generation is about to become the wealthiest in american history, details ahead on "fbn: a.m.," we're invested in you. ♪ when darkness turns to light. ♪ it ends tonight.

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lauren: with student debt at record highs and employee turnover in fast food skyrocketing, chipotle is trying a new strategy, free college degrees. the chief people officer is here. maria, thank you for joining us. a chief people officer is an interesting title. i'm curious as to why chipotle is paying for business and technological degrees for employees. >> it's part of our purpose. our purpose for chipotle is about creating a better world and we believe you do that not only through food with integ iny but also through people with integrity. we have 2500 company operated restaurants, 80,000 employees so think about the workforce.

we want to be able to hang on and retain the best talent, also grow our future leaders for the company. lauren: 145% turnover right last year. that's a big and expensive number because you have to find new employees and train them. you're hoping this will encourage people to stay and then move on in the company. >>s that's what's unique about chipotle. what's not unique is turnover. that's pretty standard for the restaurant industry. we have a unique employment proposition, whichs is opportunity. we have managers who started off not knowing they wanted to work in restaurants, working part-time. within 18, 20 months, they become managers. so imagine hourly job and then over a year and-a-half you can be running a restaurant. lauren: when exactly did you launch this program? i'm curious if interest has come in, has more applications come in to work at shy pot lay. >> we just -- chipotle. >> we just announced this two weeks ago. we've seen an uptick in

applications. and we see there's external traffic going to the benefits on the website and looking at the debt-free degree program. there's a huge interest. i think people are doing -- when i say people, really gen z, they're saying hey, here's another way i cannot only get my education, but work at a really cool place. lauren: this is a generation that cares about making an impact. they're also more financially aware. they're probably looking at the statistics, $1.6 trillion in student debt. >> totally. lauren: and saying well, a company, the private sector can pay for that. >> i think it's a really unique proposition and you're right, the next generation, what they care about in addition to a paycheck is that they belong and work for a company that has a purpose, that alliance with their values. and so -- aligns with their values. we have that at chipotle. we recognize the biggest barrier to getting an education is finances. lauren: when you see some of your competitors increase wages, $15 minimum wage nationwide, what's the thought process on

that? >> well, our thought process is we make sure that we are at or above minimum wage across every state municipality. on top of that, we want to make sure we're investing in our people, so we believe in their growth long-term. and what we also announced, i don't know if you saw this, but back in april 1st we also announced a new crew bonus program which means if the restaurant hits all of their targets, each crew member, hourly crew member can earn up to a week of bonus every quarter. think about it, an extra month of pay for the year. lauren: thank you so much for coming. >> so nice to meet you. thank you. cheryl: and you make great guacamole. lyft is announcing a new initiative to offer free or discounted rides to people looking for a job. the program offers rides to job interviews, job training programs and even the first three weeks of a new job. lyft is partnering with national charities like the united way, uso and the national downs downs

syndrome society and others. 44% of their rides start or end in low income areas. we have a lot more coming up. millennials taking halloween to the next level. >> who are you? >> i'm a mouse, duh. cheryl: the major bucks millennials are shelling out to become insta famous. plus, how their bank accounts are about to get a big boost. keep it here on "fbn: a.m." ♪ fala fa la la la la sno. ♪ fa la la la la

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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. ♪ good looking, so refined. ♪ say, wouldn't you like to know what's going in my mind. cheryl: well, millennials are spending big on halloween, just so they can be insta ma famous. lauren: mike gu gunzelman joins with more than that. >> seems like halloween is more popular than ever before, as $8.8 billion will be spent on the halloween industry, average

person spending $86 on their costume. millennials will spend the most. as nearly 50% of us are dressing up for fun, 50% say they're doing it specifically for social media and instagram and to get the likes and the clicks because that's the generation that i'm a part of. cheryl: they that generation, your other stories is that generation is going to be the wealthiest generation ever in american history. >> a new study says that by 2030 we're going to expect to have the biggest wealth transfer because baby boomers transferring to millennials. millennials are expected to have five times more wealth and that attributes to $68 trillion more money. cheryl: what's interesting about that. there's more and more talk about elizabeth warren surging in the polls on the democratic side. this would be bad for wall street and bad for the millennial generation. she wants to go after the estate tax, the death tax. she wants to go after wall street in general.

that millennial generation that's going to be investing that money in 2030, they may love her now, but they're going to hate her if she becomes president in a year. >> i don't like hearing that, because as a millennial, i don't want my money going away. that's not an ideal to hear. cheryl: she's being called toxic for the business community because of her policies and what they could do. it's a serious discussion happening now. lauren: on a much lighter note, the white claw costumes this weekend, let's take a look. did you become insta famous after wearing this. >> that's me dressed as my favorite alcoholic beverage, the spiked selzer. who doesn't want to hang out with that? i was a lot of fun this weekends. i'm doing great right there. lauren: that does it for us on "fbn: a.m.." "mornings with maria" starts right now. maria: good morning. happy monday. thanks for joining us. i'm maria bartiromo. it is monday, october 28th. your top stories right now, just

before 6:00 a.m. on the east koas. isis leader abu bak leader abu i a killed. what happens next as the terrorist group is already filling the void this morning. a takeover offer for tiffany on the table. louis vuitton parent looking to acquire the luxury retailer for $14.5 billion. tiffany shares are soaring this morning in the premarket. markets are looking at record highs right now. the s&p 500 is just 3 points away from its all time closing high. take a look at futures, with another rally underway. the dow expected to be up 60 points this morning, the nasdaq currently higher by 22. it is the busiest week of the reporting season so far. at&t will report this morning. wildfires are raging once again in california this morning. nearly 200,000 people are under evacuation orders. mill yns omillions of others wit

power. a state of emergency is in effect. we'll take you there live this hour. "mornings with maria" begins right now. and we have a big show this morning. joining the conversation, dagen mcdowell, real clear politics co-founder and president, tom be vin and pwc partner, mitch rochell. great to see everybody this morning. lots to talk about. our top story this morning, isis leader abu bakr al-baghdadi is dead. president trump addressed the nation yesterday. >> he died like adog. a dog. he died like a coward. he was whimpering, screaming and crying. i think it should be brought out so his followers and these young kids that want to leave various countries, including the united states, they should see how he died. maria: a report this morning says the islamic state designated a succes successor. joining us now i