tv FBN AM FOX Business November 14, 2019 5:00am-6:00am EST
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identity is protected. lou: the battle lines are drawn. shf. cheryl: two big hearings on the hill but the chaos didn't stop the markets from jumping into l rally mode. the s&p hit the 100. hillary100th highunder presiden. lauren: can walmart keep its streak going with competition from amazon and the grocery aisle, going head to head with target for your holiday dollar many will walmart when it reports this morning. cheryl: are the golden years dimming. why more americans are working longer. maybe it has something to do with the new okay, boomer trend. it is thursday, november 14th. "fbn: a.m." starts right now. ♪
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♪ you say good-bye and i say hello. ♪ hello, hello. ♪ i don't know why you say good-bye. ♪ i say hello. ♪ hello, hello. lauren: welling hello and good morning. welcome to "fbn: a.m.." i'm lauren simonetti. cheryl: saying hello, everybody. it is a thursday. we've got a lot going on today. good morning, i'm cheryl casone. it's a big day and yesterday a giant day tore the markets as we mentioned. >>.lauren: records for the dowd s&p 500. all three major averages giving up exactly 0.15% each. cheryl: let's take a look at what's happening in asia. a lot of news coming out. we had comments overnight from the chinese commerce ministry that phase one trade talks depend on the tariffs being canceled p of. in shanghai, we had a slight gang and the kospi coming in with a gang. lauren: germany avoids
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recession according to the latest gdp numbers. red arrows across the screen. cheryl: we start with a historic day on capitol hill, a first public hearing in the house impeachment inquiry got underway with a brand yo brand-w claims. lauren: he let's get more from hillary vaughn in washington. >> reporter: good morning, lauren and cheryl. bill taylor showed up ated yesterday's hearing with new information. but the information did not come from him, it came from his staff. the information relates to a new phone call his staff overheard happening between eu ambassador gordon sondland and president trump. >> this was a cell phone i take it. >> it was a cell phone. >> the president must have been speaking enougspeakspeaking lour staff member to overhear this? >> he was. >> what your staff member could overhears was president trump asking ambassador sondland about, quote, the
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investigations, is that right. >> that's correct. >> when your of staff asked mrt trump thought about ukraine, his response was he cared more about the investigation of hunter biden. >> reporter: thitaylor also told lawmakers yesterday that sondland told him there was no quid pro quo asked by the president and trump had been clear about that all along. republicans latched onto taylor's l testimony saying it was riddled with second and third hand information. >> that's what i was told. that's what we heard on the conversation. this was an explanation that mr. i don't know exactly what he had in mind. i'm not sure what ambassador sondland had in mind, they that was the one that mentioned that to me. >> reporter: congressman jim
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jordan called taylor's testimony confusing. eu ambassador gordon sondland will get to testify next week and correct anything that taylor had to say yesterday. lauren and cheryl. lauren: hillary, thank you so much. the second major event was fed chair jay powell testifying before congress and talking up the u.s. economy. cheryl: we get the latest from edward lawrence on the other big hearing that washington was closely watching and wall street. edward, good morning. >> reporter: good morning. federal reserve chairman jerome powell taking a victory lap over the economy. he says the monetary policy has been accomodative enough to keep the economic expansion going. powell signaled there may not be another rate cut in december, unless economic data comes in weaker than expected. he went on then to talk about the consumer, saying consumer spending is driving this economy. he sees consumer spending remaining strong as business investment and manufacturing are weaker in this economy.
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powell made the revelation after saying that this is the 18th consecutive month the unemployment rate has been under 4%. >> what we have learned and what we will continue to learn is that the u.s. economy can operate at a much lower level of unemployment than many would have thought. >> reporter: it's now 3.6%. in a political moment, senator ted cruz from texas as tried to draw in chairman powell to the political debate. the senator wanted the fed chairman to comment on the tax hike proposals by some democrats running for president. >> senator, i'm pretty reluctant to be pulled into the 2020 election, if you will forgive me. >> i don't expect you to comment on the election. but you can comment on the economy and if a massive tax increase is good or bad for the economy. >> again, indirectly as you started out your he question, it's about proposa proposals of candidates and i don't want to get into that business, if
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you'll forgive me. >> reporter: powell did say the shale industry has helped the u.s. achieve energy en independence. he went on to say it would be a bad thing if the shale industry p went away. the bottom line is three rate cuts this year and now the fed is pausing. back to you. cheryl: edward, thank you very much. we're going to hear more from jay powell this morning when he returns to capitol hill to answer questions from the house budget committee. fox business will have live coverage starting at 10:00 a.m. eastern time. cheryl: the trump administration's top trade adviser is down playing a report that trade talks between the u.s. and china hit a roadblock over china purchases of u.s. agriculture. here is peter 2340 navarro. >> every day we talk to the chinese, ambassador lighthizer is doing a great job. we're going to get a great deal. we're on a glide path to a phase one agreement and onc let's seet happens as the president says. all this rumor stuff, it's just
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somebody making a lot of money moving the markets but it's all no. lauren: we still don't have a deal. president trump says china agreed to buy up to $50 billion a year of soybean, pork and other farm products. the wall street journal is reporting china is being cautious about putting a specific number on what they're willing to buy. cheryl: we've got dow futures lower for now. but that could change when we hear from dow component walmart before the bell. the big question, are impending tariffs on toys and electronics going to be a problem for the done you tri. -- for the company. online sales were expected to drive quarterly sales in a good way. investors willing be looking for comments on walmart's of forecast for the crucial holiday quarter. lauren: walmart is gearing up for black friday. it plans two additional events. on november 27th, buy now black friday deals. they start today.
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and also more pre-black friday deals on november 22nd. cheryl: earlier every year. well, just one day after meeting with the president of turkey, president trump is going to meet with the head of nato today. lauren: tracee carrasco joins us with the details. tracee: the president is hosting nato secretary general at the white house. the two are set to discuss military spending. the president has been pressing nato countries to pay more for their own defense l. the meeting comes ahead of a scheduled nato summit next month in london. after much speculation dave patrick plans to enter the presidential race. he is likely to announce his candidacy later today. he's expected to travel to new hampshire to file for the state's presidential primary. and the losses at wework are getting wider. the office space startup losing $1.25 billion in the third quarter. the company also says that
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occupancy rates decreased to 79%, the lowest figure since mid-2017. reports say wework most likely would have to run out of cash had it not been for a bailout by softbank. a famous snack is about to become a brec breakfast treat. they are teaming you up to create twinkie cereal. that's what's happening now. cheryl: would you try it. tracee: i would. cheryl: i think it looks totally good. lauren: i'm totally down. cheryl: that and coffee. heck, yeah. thanks. lauren: let's give the market some sugar and coffee if you will. broader market closed at a record number 100 under president trump yesterday. it's down a point this morning. still ahead, many 2020 dems waging war on the wealthy and wall street. how are they going to respond? and the impeachment hearings on capitol hill driving people to
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drink. some bars opened up early for it. >> now tell me more about the impeachment drink. >> so it's called impeachment, please and it has peach in it. >> the compelling one is the subpoena colada. lauren: todd piro is going to take us on a morning bar crawl in our nation's capital. ♪ heard it from a friend who. ♪ heard it from a friend who. ♪ heard it from another you've been messing around. ♪ trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.
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♪ extra taco! geico. fifteen minutes could save you fifteen percent or more on car insurance. >> did you listen to president trump's call and president's zelensky's call. >> i did not. >> you never met the president. >> that's correct. >> you testified about a number of things that you heard. isn't it possible that the things you heard were not true. >> the courts routinely allowed and created needed exceptions to hearsay. hearsay can be much better evidence than direct. >> none of the exceptions would apply to this testimony. lauren: republicans dismissing the testimony of two top diplomats at yesterday's impeachment hearing as hearsay, saying the witnesses didn't have firsthand knowledge of president trump pressuring ukraine to investigate his political rivals. let's bring in attorney andrew stoltman.
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does this work, second and firsthand knowledge. >> there's something called the evidence pyramid. you want evidence at the top of the pyramid. his r tore cliff, hear -- historically hearsay is at the bottom of the pyramid. you want people who heard the conversations, who have firsthand knowledge, not somebody who heard something that somebody else said. it's just silly. lauren: it gets better. the democrats say they have a bombshell and that's ambassador taylor revealing another phone call between president trump and ambassador sondland but that too was an aide who heard it at a restaurant on a cell phone. what does that do to things? >> it just doesn't pass the red face test. i'm reminded of the movie, a few good men, when colonel jessup says this is all you've got, the contents of a foot locker and some phone records. if you have a smoking gun, if you have killer evidence, introduce it. let's hear it.
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we have an open mind, right. this isn't a who done it. we know what happened. we knew what happened as soon as the transcript was released. so if you having good, let's hear it. lauren: the president says he might release the transcript from that first phone call today. how does that change things? >> you know, that is a pretty good piece of evidence. let's see what happened. when you're calling witnesses who have second or thirdhand knowledge of what transpired, we really don't care. it's the theater of the absurd. lauren: so that's where we are, the theater of the absurd, as you say. and i hear you. but there's this quick push to impeach. we've been hearing about it for months. what are the chances in the new normal that we are, this political just hatred on both sides, that this backfires on democrats. >> i think there's a real good chance that this backfires. this is kind of like a kabuki theater. we know exactly what's going to happen. he's going to be impeached.
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the senate isn't going to remove it and this sort of activity, it sucks all the oxygen out of the room. we have important issues out there like healthcare, gun control, immigration reform, stuff that the american public cares about. the american public doesn't care about this. if you want to know why congress icongress's rating is so low, less than 20%, it's because of stuff like this. lauren: you know what's so -- for lack of a better word, funny about all of this, is as these hearings were going on, the market was hitting record highs. >> that's right. lauren: that goes to show you where the attention of the country really is. >> that's what the american people care about, they care about the stock market, they care about the economy, they care about jobs. they don't care about this. that's why congress' approval rating is so low. we all know what's going to happen, right. we know this entire thing is like a theater and everybody knows how it's going of to end and it's silly. it's stupid. the american people don't want it. lauren: well, we've got more toll row and next week.
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andrew, maybe we'll have you back on. thank you for this morning. cheryl: let's stay with all of this. the impeachment hearing proved to be a good advertisement for a water bottle company. george kent caused a stir on social media by foregoing a plastic water would tell for a 48 ant48-ounce nelgene bottle. they were quick to seize on the 15 minutes of fame. they tweeted photos of kent using her product. stressed congressional staffers had a chance to relax with therapy dogs on capitol hill yesterday. the organization behind the event says it was scheduled months ago. this was not a coincidence. but the calming and really super cute pups happened to be on the hill on the first day of impeachment hearings. all right. well, if therapy dogs aren't enough to ease the stress in the anything's nation's capitol, wan celebrated the public
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impeachment with drink specials. lauren: todd piro, you went on a morning bar crawl. >> i think a lot of people were accusing me of drinking. i had a sip. lauren: i didn't accuse you of anything. >> as a journalist i needed to sample one of them. we not only sampled but we talked to the people as well. here's what they had to say. >> normally wednesday afternoon are you at a bar watching tv and drinking? >> absolutely not. >> so why are you here today. >> >> i'm here to watch the impeachment inquiry. >> america is interested in what's going on with our government. >> i like that people are engaged, tuning in. >> what do you make of dc bars opening up for what quite frankly is a spec cattle. >>cay --spectacle. >> everything's a competition, no matter if it's on the field, if it's the redskins, someone testifying in front of congress. >> it's interesting to see that people are taking an interest in this and viewing it like it's a
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sporting event. >> tell me more about the impeachment drink. >> it's called a impeachment please, and it has peach in it. >> america likes to drink and we like politics and we like to mix the two. >> it's a complete waste of time. i think the left is grabbing at straws on this one and i think we need to be focused on some of our bigger issues here in the u.s. >> i'm here to listen to both sides. >> this is historic. >> so my big take-away, you know when we were in local news and you walk the streets and you all go to one scene, every reporter goes to one scene and the people there are like why are you here? there were people at these bars. we did interview them. but there were definitely a lot of media going to the same bars, one after another. and i think after a while, the media made this a bigger deal than it actually was. cheryl: the people were like i want to have my cocktail and be left alone. it is 9:00 a.m.
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>> again, were the throngs there? no. if that was dc, imagine what st. louis or wyoming was like. i don't think this was must see tv in those parts of the country which goes to what you were talking about in the segment before, does middle america care. you talk about the stock market. i don't think so. lauren: todd, you make an excellent point. what was your favorite drink. >> she's drilling me down. lauren: what was the favorite sip. >> the quid pro go. it was a fruity drink. it was taste eave. it was like prosecco and lime. cheryl: i like the subpoena-colada. i didn't try it. i like the idea of it. let's take a futures. right now you don't need a drink for the markets today. but we'll see how wall master w. they're going to report before the bell. right now the dow is down 112, s&p is down 1 and a quarter. coming up, walmart is going to
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go head to head with amazon. they have been. is it going to pay off or will they hit a wall when they release earnings this morning. is christmas going to be merry and bright or expensive and stressful? the numbers are in, disney releasing how many people signed up for the new streaming service and the markets loved it. keep it here on "fbn: a.m.." ♪ this girl is on fire. ♪ this girl is on fire. ♪
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gave help a higher credit limit than women. and progressive lawmakers are taking aim at companies with large pay gaps between executives and workers. michigan congresswoman rashida tlaib and bernie sanders proposing a tax on corporate america when executive pay far exceeds a typical employee's wages. cheryl: it's policies like those that are being proposed by representative rashida tlaib and senator bernie sanders that apparently has wall street pretty worried. a citibank analyst wrote there could be a war against wall street as a growing number of democratic presidential candidates look to target the financial sector. michael lee, wealth portfolio manager and market strategist is here. this note caused a lot of waves. when you have sanders and warren talking about medicare for all, free loans for kids, paying off student debt, universal child
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care, they want to target wall street. they say wall street didn't pay enough after the financial crisis. >> what people need to remember is wall street is a middleman. the financial crisis, they're largely blamed for the entire thing. the fact of the matter is had that 2008 the federal government through fannie mae and freddie mac were in 70% of all the subprime mortgages. we ended up with a massive housing bubble and people got riff alongside of it. it was government incentives, government pushing it along the way. the wall street is in the middle of what you do. the more you crack down on them, the more you slow down the overall economy. it's not like wall street is the patron saint of capitalism but without them the world is much worse, much more i'll po much id
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place. cheryl: jay powell was testifying. he basically reassured the markets they're ready to act but you're not expecting a rate cut in december, are you? >> doesn't look like we're going to get one right now. the yield curve has steepened over the last few weeks. you've seen the bank stock prices reflect that. so we were discussing that any other time jay powell would be on the hill we would be market moving, but in the middle of the impeachment stuff it's almost as if he's not even there which i think is a good thing for jay powell. he has a tendency to set markets off in directions not intended with the way he speaks. cheryl: the s&p and nasdaq hit new records. what are you expect to hear from walmart? there's a lot of buzz doubt the grocery business which is kind of going up against amazon, especially for deliveries. >> the way these two companies are fighting each other out, it's like coke and pepsi back
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20, 30 years ago. amazon is pushing hard in the grocery space. walmart has home delivery where they can put the groceries in your fridge. interested to hear how many people took them up on this. looking for e-commerce, he what's the growth year over year. last quarter they were up 37% year over year. for a company that's known for bricks and mortars to be able to compete in the online marketplace is nothing short of remarkable of. i expect good results based on the u.s. consumer. cheryl: 48% of millennials and gen-zers are the ones that use online delivery. holiday season, there's concerns they're going to come out and give us a negative forecast for next year because of the tariffs, toys, electronics, those kick in december 15th, that's could be the story that walmart has to deal with. >> yeah. look, the tariff story is one that's been talked about over and over and over again. i imagine walmart who imports a
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lot of cheap stuff from china and then sells it, they're probably one of the one that's will be affected. we'll see how this affects everything. what you've seen is weakening in the chinese currency and price pressure on the other side and we'll see if walmart using it as a crutch for the next quarter. cheryl: the forecast could be interesting. michael lee, thank you very much. lauren: let's take a look at your money right now. small retreat from record highs ahead of more testimony from the fed chair, the dow is down 11 points, s&p and nasdaq down 1 eave. coming up, gaza firing several rockets into israel, breaking an overnight cease fire. this coming just hours after gaza militants and israel agreed to end two days of intense fighting. benjamin hall is on the ground in israel. he joins us live in just a bit. another parent is sense tensed d -- sentenced in the college admission scandal, getting the most jail time yet. what it could mean for others involved. all that coming up on "fbn:
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cheryl: now to a fox business alert. the israeli military ending fighting in gaza overnight, confirming the cease fire with iisislamic jihad militants. lauren: benjamin hall has details. >> reporter: good morning. for much of the two days there was a threat this could escalate into a full-out war. what we're seeing is southern israel coming back to life after the announcement of the sker cease fire at 5:30 this morning. usually this part of israel is paralyzed by the rocket attacks. they are now moving forward from them. the last 48 hours has been tense. we've seen 450 rockets fired by the small iranian backed militant group islamic jihad into israel, in retaliation for the targeted assassination of one of their commanders. israel had been striking back.
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they called the operation black belt. it left 32 people dead inside gaza, the vast majority were militants. sadly this morning, five young children were killed inside gaza. they were the family of the islamic jihad commander. we have seen some rockets come out be in the last couple of hours. today as this calm sets else, the u.n. special coordinator for the peace process tweeted this, egypt and the un worked hard to keep this from leading to war. the coming hours and days will be critical. the middle east does not need more wars. the latest round of violence, although it's quite short, is being seen as a significant blow to islamic jihad and its infrastructure. we've seen dozen rocket manufacturing facilities destroyed. also, its military compounds, weapons storage, tunnel openings and launch sites. the latest round may be over but we have seen about six, seven
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rockets come out of gaza, probably in response to the death of the islamic jihad commander this morning. but we watched the rockets come over for the last two days. it's a constant reminder of the threat that israel is always under, just here and how quickly it bounces back to life when cease fires are announced. we wait to see in the coming days or the next few hours whether or not this holds. back to you. cheryl: as you said, how fragile the cease fires can certainly be. benjamin hall live for us this morning. beaninbenjamin, thank you so mu. lauren: let's go to hong kong, no end in sight to the violence there. anti-government protesters clashing with police for fours days in a row. police firing tear gas at students. stockpiling weapons, putting up barricades on university campuses. protesters are blocking roads and a authorities are warning demonstrators are moving one step closer to terrorism. look at the man images.
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cheryl: we'll hear from walmart before the bell. day two of jay powell coming up. we'll he see how your markets do today. the dow is down 10, s&p down 1 and a quarter, nasdaq is down 1. coming up next, it was all about the ladies last night at the country music awards in nashville. ♪ cheryl: we have all the highlights and the star who took on the gender pay gap in country music. and the streaming wars getting hotter, the service that is trying to steal disney's thunder with a spinoff of a cartoon hit. here's a hint for you. ♪ who lives in a pineapple under the sea. ♪ sponge bob, square pants.
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cheryl: in the first day since launching, disney plus pulled in over 10 million subscribers. can the numbers compete with netflix or hulu? lauren: all right, brett larson, it took hbo four years to get to 10 million. >> netflix state side has 60 million subscribers. they've been around since the beginning of internet time. lauren: that's a good comparison. >> 10 million in 24 hours is pretty good. so they're going to be raking in the cash.
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they also -- apparently, you can do it monthly for $6.99 a month. you can do it yearly for $70 for the year. you can buy a three year deal for $140. so they've actually got a pretty good tier of options and if you're a verizon wireless unlimited subscriber, you get a year for free. out of the gate they're doing he very well. they've got all the content. disney owns everything. you can he see the star wars franchise, march marvel, pixary movies. cheryl: a lot of buzz about the star wars franchise. the stock was a huge part of the markets yesterday, disney stock did very well. >> investors are loving this. with the star wars they're doing a spinoff of the series and it's online only which all the streamers are now getting into. they're doing online only versions of shows that we love, we were talking yesterday about a potential friends reboot coming to hbo max. lauren: you how ar how are ths
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holding up? disney is with streaming also a tech company. >> it was a big shift for them. they're an entertainment company. there's a big difference between entertainment and technology. they worked most of the kinks out. the reason they were having issues, 10 million people signed up on the first day which is overwhelming and exceeded the supply of data that they had, apparently because the weather was bad so there were kids that were home for the day that were logging onto see this stuff which we have to question, what's going to happen on the weekend when everybody's there. but they've had quite a bit of time -- cheryl: netflix cut a huge new deal. what is it? >> they are, ready for this, they're ready to sends us all to a pine apple under the sea for sponge bob square pants. they're doing a music oriented series based on squidworth. it's a multiyear deal. $200 million they're spending to do the reboot. sponge bob hugely popular.
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they had a broadway show. cheryl: they have a float in the thanksgiving day parade. >> sponge bob, very popular. and when you live in a pineapple under the sea, you're going to be popular. lauren: it's all about entities that we know that are familiar to us and giving them a take two, if you will. >> exactly, for the people who grew up watching it, now you have a whole spinoff to enjoy. cheryl: brett larson, we love watching you. you can catch him on fox news 24/7, sirius xm channel 115 sl carrie underwood co-hosted her 12th cmas. they kicked off with a powerful message for girls. >> we started out tonight concentrating on women doing something special, powerful and beautiful. >> this year, we're putting the spotlight on our legends, the great ladies of today and the up and comers changing the game and
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we're doing it for all the little girls watching tonight, dreaming of ruling the world of country music or maybe just ruling the world. lauren: that fierce female theme led to one of the biggest moments of the night, a surprise performance of girl crush. kelsey ball rini joined by run away june, ashley mcbird, l carly pierce and little big town finishing off their song. cheryl: jennifer ne netles cald out the gender bias in country new sifnlmusic. she wore a dress with the words equal pay written on the back. garth brooks took only entertainer of the year. luke combs won for male vocalist and song of the year. female vocalist went to casey musgraves and musical event won for the crossover hit, old town
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road. i loved carrie underwood's orange dress on the stage. lauren: the business of small town america, we're going to a small town in the south that was the site of the first american gold rush. what are they up to now and why they say you should pay them a visit. and have you ever tried to sneak an animal on the plane that wasn't an l emotional support animal? it could cost you big-time and one guy found out the hard way. we'll have those deless tails straight ahead. -- details straight ahead. ♪ hold me closer tiny dancer. ♪ ♪ diamonds shine like me. they're strong. they're brilliant. i am a diamond. find beautiful diamond styles for all the diamonds in your life, including you. get 25% off everything. including these one of a kind deals
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gan -- donlegana, georgia. joining us now is sam mcduffy, the tourism director. many sam, good morning. >> good morning, how are you doing? cheryl: good, good. one of the first things i thought that was interesting about your town it's a huge source of wine country revenue in your state. you have a booming wine business. tell us about it. >> we're part of the cultural area that goes over 133 square miles and what it does, it focuses on the l soil and the consistent b tent ocontent of od we can grow wine here. we are coined as the napa valley of the south. cheryl: some folks in texas may disagree with you. the population, you've got just under 7,000 residents, which is pretty small. median household income,
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$33,000. property values, up to $400,000 for the average. seems like a little bit of a dispaidisparity between what pee are making and the housing situation. is that tough for you or is it okay? >> it is a tough challenge. when i moved to the area, we allotted a certain amount of money for a house and there wasn't that much of a house base for the income we were looking at or the cost that we were looking at. but yeah, our county does have about 33,000 people in it and in the city limits we have about 6500. yeah, it's a beautiful community. cheryl: it's more about the county population than it is about the actual town. that makes sense to me. actually, the county population has grown 30%. why do you think people are moving there? >> i think people keep moving north from atlanta, to be honest with you. forsythe county which is cumming
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have started growing quite a bit over the last 10 years. we're creating something called the georgia 400 corridor where we'll have a new hospital being built and i'm sure several industries will come follow that, after the hospital is completed. cheryl: people are moving there from atlanta. that's interesting. are people lengthening their commute or do you think they're leaving the city of atlanta for a better, frankly, life in a town like yours they. >> i think the majority of the people are extending that commute to atlanta because they want had that, like you said, the better sense of life because the mountains of north georgia -- who doesn't want to be there, you know. cheryl: it looks beautiful. we've been showing our viewers some pictures, we want to show w viewers what america looks like. you are really growing your business community mount sinai
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wellness center, wahoo dock and decks, chelsea parkhead health rehabilitation as well. what do companies say they like about your town? >> they like the area quite a bit. it's a good central point to a lot of industry to get to other parts of the southeast. it's north of atlanta so they can he focus more north of that. but i think that helps out a lot as well. so we do have the high manufacturing industry, healthcare industry, education and tourism are all strong, strong industries. cheryl: the georgia wine industry, we've been talking about it. sam mcduffie, thank you for getting up early and telling us about your town. >> thank you so much, cheryl. have a great one. cheryl: well, if you want us here on "fbn: a.m." to feature your town, why don't you message us on social media. we are on an facebook and twittr and instagram. send us pictures as well. love that.
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lauren: me too. motorola bringing back the razr, as in the phone. remember that? cheryl: i barely th remember tt phone. tracee: the razr is back. the flip phone has returned, this tile as a foldable smartphone. it will go for $1,500 when it launches with verizon next month. americans are still hard at work, even in retirement. a new survey shows the majority of americans intend to have a job in their later years. about 66% of respondents in their 60s and roughly half in their 70s expect to work about 10 hours a week in retirement. another parent in the college admissions scandal going to prison. former california insurance executive toby macfarlane was sentenced to six months in prison. he pleaded guilty to paying $450,000 to get his son and daughter into the university of southern california as fake
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athletic recruits. his sentence is the longest among 12 other parents so far. and a russian airline doesn't appreciate a man's love for his cat. the airline stripping the passenger of about 400,000 miles for sneaking his overweight cat on-board. he boasted on facebook about using a skinny cat double at check-in and swapping it with his fat cat before boarding. he celebrated too soon. they caught wind of the scam and took away his miles and that is what's happening now. cheryl: i think he should protest the fact they shut down his frequent flier account as well. i'm just saying, i think he should -- tracee: i want to know how much that cat weighed. cheryl: 22 pounds. the limit was 17. i know too much about this story. lauren: i'm impressed. coming up, why a vitamin water ad is going viral this morning. why the internet is angry.
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speaking of angry, baby boomers are mad. the new term mill ebb y'alls are use -- millennials are using that's wide ownin widening the n gap. coming yocomecoming up on "fbn:" (vo) the moth without hope, struggles in the spider's web. with every attempt to free itself, it only becomes more entangled. unaware that an exhilarating escape is just within reach.
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but he wanted snow for thelace a brholidays..olutions. so we built a snow globe. i'll get that later. dylan! but the one thing we could both agree on was getting geico to help with homeowners insurance. what? switching and saving was really easy! i love you! what? sweetie! hands off the glass. ugh!! call geico and see how easy saving on homeowners and condo insurance can be. i love her!
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lauren: michael here with details, what's going on. >> so right now vitamin water is getting criticized especially on twitter, tens of thousands of responses and replies because somebody dug up old vitamin ad from 2011, you don't need to get the flu shot instead drink vitamin water. it was banned because of deemed misleading and that it wasn't true, but, of course, nobody fact-checks on the internet and twitter, somebody posted it and people think it's a brand-new ad, when you bring up vaccinations especially the flu shots you get all sorts of emotion. war on twitter. this is from literally 8, 9 years ago, but, of course, people think it's brand-new right now.
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cheryl: should we say good-bye that generation wills get along, looks like things are tasty? >> generational warfare because the phrase okay boomer is getting a lot of fight and controversy online, fellow millennials and genzyers. tons of merchandise and it's demeaning term to older people. boomers aren't happy about it, baby boomers are saying, millennials you guys are lieuless, you wouldn't be able to handle yourselves without us, taken more of a serious tone from millennials because they are saying, listen, we have ton of debt, you left us with nothing, you guys don't get up,
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climate change. lauren: former executive at aarp, okay, millennials we actually have the money, kind of like, just know where you're at. cheryl: criticism has been fair for frank think whining, you know, and i need my safe space at work, what safe space, life is tough kids, wake up. >> we feel like we should be hanging anything. okay, boomer. lauren: more mindful in general. anyway, getting better is what i'm saying, thank you so much for joining us. cheryl: that's it for fbn:am, we send it over to mornings with maria, good morning, maria. maria: good morning to you, happy thursday, thank you so much for joining us, i'm maria bartiromo, it is thursday november 14th, top stories before 6:00 a.m. on the east coast, showdown on capitol hill, president trump slamming the first round of public impeachment hearings as hearsay we have all the highlights from yesterday's showdown.
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new report this morning says talks are being held up because beijing does not want to commit to a specific purchase number on foreign purchases, the news weighing on futures this morning, take a look at markets, dow futures down. this on top of the s&p and the dow industrials closing at all-time highs yesterday we will take a look at record setter. most largest retailer reporting in the next hour, will be good indicater for the consumer and we will tell you what we need to know. mornings with maria begins right now.
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