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tv   FBN AM  FOX Business  March 3, 2020 5:00am-6:00am EST

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cheryl: it is 5:00 a.m. here are your top stories at this hour. it is super tuesday, voters heading to the polls today to cast their ballots in what could decide the democratic nominee for president. joe biden getting last minute big endorsement as mike bloomberg has his first chance at the ballot box. could bloomberg spoil it for biden or will bernie's surge continue to divide the party. lauren: georgia is reporting their first case of the coronavirus. the g-7 will make a response in a couple hours from now. that news rattling futures overnight. cheryl: if you thought that getting dinner on the table was a struggle, wait until you hear what a runner is requesting from
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her neighbors. it is super tuesday. it's march 3rd. "fbn: a.m." starts right now. ♪ ♪ laila, you got me on my knees. ♪ laila, i'm begging, darling, please. ♪ laila, darling, won't you ease my worries now. lauren: good morning. welcome to "fbn: a.m.." i'm lauren simonetti. cheryl: a super welcome to all of you on this super tuesday. good morning, i'm cheryl casone. lauren: it is a good super tuesday. let's take a look at how your money is moving, we had the biggest point gains for the dow, nasdaq and s&p yesterday. this morning, dow up 324, s&p up 34, nasdaq surging 118 points. cheryl: talk of rate cuts and stimulus looking at the 10 year right now, this could have a big
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effect on the 10 year treasury, bond prices, as you can see. the yield is slightly lower. we are 1.16%, we did see record lows on the 10 year. lauren: the price of oil is trading at $48.30 a barrel, that's up 3.3%. gold is actually higher today by $3 at 1598 an ounce. cheryl: in asia, stocks were mixed at the close. you did see pressure in japan, will the bank of japan intervene as they deal with coronavirus issues there, the nikkei down almost 1 and a quarter percent. there were green arrows in asian markets overnight. lauren: green in europe too, hope for stimulus affecting markets there, nearly 4% gain for the ftse in england. cheryl: we'll see what the g-7 has to say later this morning. our top story right now, it is super tuesday, the biggest day on the primary character, a day that can make or break the remaining democrats. voters in 14 states are going to head to polls this morning.
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that includes california and texas. the two biggest delegate hauls of the entire primary season, totaling 1,357 delegates up for grabs. joe biden picking up three endorsements from his former opponents, amy klobuchar, pete buttigieg, bay to beto o'rourkel supporting him. lauren: today is the first time that michael bloomberg is on the ballot. he has spent the most money on ads in the super tuesday states. the president, not quiet about all this. he had a rally last night in north carolina where he took on rival bernie sanders and praised the republican party. watch. >> bernie was going wild. he said why would i be here tonight, we don't have the primary, we've already won this thing, there's never been a time where the republican party was so unified as it is now. you hear about enthusiasm for
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crazy bernie and that's true, but much less than we have and a much smaller group of people. lauren: all right. let's dive right in. cheryl: joe biden widing a wave of momentum after three former competitors endorsed him ahead of super tuesday, all 14 states heading to the polls, 1300 delegates up for grabs. lauren: william longiness is in los angeles with more. >> reporter: of the 14 states voting today, california is the bigen econombig enchilada. they moved up to super tuesday. candidates come here not just for money but for votes. the big questions today, number one, will sanders continue to outperform with hispanics which is about 25% of all democratic voters. secondly, can black voters and hillary moderates from the last election keep joe biden alive. thirdly, bloomberg is the x factor. he has spent more than
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$66 million on television here and he runs very strong in the same areas as biden. finally, the polls. la times predicts sanders could win half of the state's 415 delegates. others have him at 35%. biden, 25. bloomberg as warren at 16%. she performs the best in upscale suburbs, silicon valley, malibu and la jolla. california is not a winner take all state. delegates are awarded proportionately. in 2018, 67% of all votes were cast before election day, this year it's closer to 40%. that could help joe biden. there were 20 names on the ballot. so those who voted early for steyer, klobuchar, andrew yang and mayor pete, those votes are meaningless. the other x factor, independent voters and those not registered at all can show up on the same
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day at a polling place and vote anywhere in the state in the democratic primary. >> the real question is, where is that large percentage of no party preference voters in california, where are they going to head. no party preference, if it were to be a single party, would actually be the second highest in registration behind democrats. >> reporter: california has that 15% threshold. so if biden surges it is possible that in some areas warren and bloomberg could get no votes at all. cheryl and lauren, back to you. lauren: certainly a possibility. william, thank you very much. cheryl: we continue our coverage this morning. casey siegal is in dallas where 228 delegates are up for grabs. kaye circumstance good morning. >> reporter: -- casey, good morning. cheryl: we'll get casey back in a show in a little bit. lauren: let's update you on the coronavirus. the death toll now reaching more than 3,000, with over 89,000
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confirmed infections worldwide. here in the u.s., 11 states as you can see on that map have confirmed cases, over 80 infections and six deaths reported. georgia is the latest state to confirm two cases. people are getting nervous. as fears of the virus spread, we're seeing costco with a bump in business as shoppers rush to stock up on food and other essential supplies. that stock up almost 10% as shoppers hit the store. kroger seeing a rush and is taking action, limiting the sale of items like hand san ti sanitd cold medicine. cheryl: uber and lyft are issuing guidelines to drivers in the hope of preventing the spread of the virus. they're telling drivers to wash their hands and wash their hands, disinfect surfaces in their cars. in an effort to keep employees safe, twitter has told thousands
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of workers not to come into the office, the company is operating out of an abundance of caution, allowing employees to work from home if they wish. google, facebook, adobe, announced they will pull out of more conference as the coronavirus spreads. lauren: let's head back to casey siegal, live in dallas, texas. casey, good morning. bright and erld for you. -- early for you. >> reporter: good morning. just a couple hours until the polls open here across texas, following a very big night of campaign news as you well know. it happened right here in dallas where former vice president joe biden was already scheduled to have a rally ahead of super tuesday but got last minute unexpected guests that joined him on the stage. senator amy klobuchar who hours before announced the suspension of her own presidential campaign, klobuchar gave biden her endorsement as did beto o'rourke, a former candidate himself, and indiana mayor --
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former indiana mayor pete buttigieg. on sunday he too bowed out of the race. and vice president biden showed his gratitude last night in front of many texans. >> i warned pete that if i were looking to get the nomination that i would be asking him to join, asking him to be involved in this process, because there are a generation of leaders like my son beau. >> reporter: many analysts say this could be a smart move in an attempt to edge out vermont senator bernie sanders who currently holds the most delegates and polls also suggests maintains a double digit lead against biden right here in texas, where 228 del gates are up for -- delegates are up for grabs on this super tuesday, awarded proportionately by senate district, the second largest prize today behind california. cheryl, lauren. lauren: casey siegal, thank you very much. cheryl: well, a popular tv news
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host abruptly retires after two decades on the air. lauren: a lot of people are talking about this this morning. tracee carrasco here with the details. tracee: good morning. charisma throughs making his -- chris matthews making his final appearance last night on msnbc's hard ball. he is at the center of sexual harassment accusations some think he apologized for last night. >> compliments on a woman's appearance that some, including me, might have thought were okay. they were never okay, not then and not today. for making such comments, i'm sorry. tracee: his show, hardball, with i'll have rotating hosts until a permanent replacement is named. hillary clinton is ordered to sit for a sworn deposition over her private e-mail server. she has 75 days to do so. it's over a lawsuit, judicial watched filed six years ago,
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requesting e-mails related to attacks on u.s. facilities in benghazi. the judge calling the sworn written answers incomplete and unhelpful. four americans died in the attack. secretary of state mike pompeo touting the peace deal between the u.s. and the taliban in afghanistan, speaking to fox news' brett bare behr, he said e trump administration was able to pull up something obama could not. the goal of the treaty is to end the 18 year war that began after the september 11th terrorist attacks. finally, users of the robin hood trading app not too happy. they complained on social media yesterday after a technical outage kept users from trading on one of the best market days since september of 2018. the company did not provide a reason for the outage but confirmed the problem had been
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identified and was being addressed. lauren: tracee, thank you very much. cheryl: let's take a look at futures right now. we do have green arrows to show you. of course news and hopes that there's going to be more stimulus from central banks around the world as we deal with the coronavirus, we also have just learned that pope francis has tested negative for the coronavirus. he has been missing some appearances, he's been sick, but again, pope francis negative. dow positive, up 263 right now, s&p up 27, nasdaq up 93 and three quarters. bernie sanders and president trump agree on something. bernie is being boxed out by democrat as moderate candidates drop out and endorse biden. are they right? lauren: a new move in china that's replacing the handshake amid this coronavirus outbreak. but will this move you're looking adhere catch on in the u.s.? keep it here on "fbn: a.m." ♪ shake it to the left. ♪ shake it to the right. ♪ come on, baby, you know what i like. ♪ shake it real funky
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lauren: joe biden is looking to slow down bernie sanders' momentum at the polls today. the former vice president picked up three endorsements from former candidates and rivals, the timing is looking good but can biden get enough support to edge out bernie. here now, republican strategist, joseph pinion and democratic strategist, laura fink. joseph, can bernie sanders be stopped? >> i think this might be a case of too little, too late.
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there are many people who have already voted. there's some voters who won't hear about these endorsements until after they cast their vote today. i think the democrats might be dealing with a case of chickens coming home to roost. they entertained this business of socialism on the rise from bernie to aoc to the squad and now it's out the barn and they can't get ahold of it. lauren: laura, i want you to listen to something the president said last night about how the system is being rigged against bernie. watch. >> i think it's rigged against bernie. you see what's happening with klobuchar, i heard something happened there. buttigieg just went out and said something and probably they'll say hey, look, if i win, i'll put you in the administration. lauren: does it feel a little rigged to you that all of a sudden biden has these endorsements? how does this feel to you? >> you know, it feels like a normal democratic primary. we see that in fact candidates
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are consolidating behind joe biden. it came a little bit late this year, i will say that. bernie sanders has always maintained solidly one out of every four democratic votes. we saw the other three out of four split among the candidates with candidates dropping out, a lot of votes moving behind biden. we have warren strong and we have a wild card in mike bloomberg. so a lot of choices still on the menu for democrats. but i will tell you this. we are seeing that mobilization behind joe biden. super tuesday is a behemoth this year. it hasn't always been this big. handful of delegates will be distributed from the early states and now this enormous tsunami of delegates coming on today. it's anybody's race moving forward. bernie sanders has to expand that base, probably stop complaining about the system and start working toward getting the votes. joe biden is definitely not the frontrunner. he's got to run with underdog status. we do see support consolidating
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behind him as the consensus candidate and he has momentum going into today. lauren: let's look at the delegates. sanders has 60 so far, biden, 54, mayor pete is out, he had 26, amy klobuchar out, she had 7. the magic number is with thousand 191. where do those voters go o? >> here's the problem. you have mike bloomberg who spent a record amount of money on these super tuesday states. every delegate that goes to somebody not named joe biden is a victory for bernie sanders because democrats have been engaged in this participation trophy, proportional allocation of delegates. what's going to happen right now, it makes it harder for bernie to pull ahead and also makes it more difficult for joe biden to catch up. now they enter the quagmire,
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where if you told somebody that somebody was going to win iowa, finish second place in new hampshire, that sounds like somebody who would be your nominee, yet we have pete buttigieg dropping owl because the drum beat is on. you have bernie sanders playing the flute. the children are following him to a new democratic future that does include democratic socialism. i think it's difficult for democrats to put that experiment back in the lab. lauren: it's so exciting to watch. joe, laura, thank you very much for the time. >> thank you so much. cheryl: markets are watching that. markets are watching the g-7. we're expecting a statement later this morning. are we going to get central bank stimulus around the world? markets are hoping so at this point. it's looking like a positive start to the day, dow up 290, nasdaq up 107 and a quarter. apple has settled its lawsuit over slowing down older iphones. if you have one, apple may owe you some cash. lauren: do you like classic video games, americans naming their favorites and ones they
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want turned into blockbuster movies. we'll have the list when "fbn: a.m." returns. ♪ some people say "dress your age."
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lauren: apple is agreeing to pay up over slowing down older iphones. cheryl: it may not be as big of a payout that come users had been hoping for. brett larson from fox news headlines 24/7 is here. talk about the lawsuit here. >> not a win here. lauren.this was a class action t based upon the premise that apple was what's called throttling older phones with software updates. they were slowing the phones down. apple claims it's because when the batteries aren't fresh and new they can't handle the old operating systems. they said they don't want the
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phones to randomly shut down so we just slowed the phone down. that didn't work out so well. there was a massive lawsuit, $500 million is what the settlement was for. that's what apple's going to pay up. it goes back to the apple 6 through the apple se, the little -- looked like the iphone 5, so after the 7. you get 25 bucks. cheryl: you still need have your old iphone to be part of the settlement? >> you don't need to have the old iphone, you need to prove you did have the old iphone. a lot of people at the time apple said we'll give you discounted batteries. they did it for around $60 they would replace your battery. you're still in the hole. cheryl: i'm sure the lawyers will -- >> that's usually the case with class action lawsuits, the lawyers win. lauren: are classic video games that could be made into videos, block busters, big screen. >> it's a huge thing.
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they're talking about making movies out of pac man and super mario. those of us who remember the '80s. lauren: we all do here. >> there was a super mario movie and a series and a cereal. cheryl: i don't think it did very well. >> none of those things did very well. i think it would be interesting to see them make pac man into a movie series. cheryl: it could be a cool animated type thing. >> it would be good animated, maybe ryan reynolds could be the voice of pac man. he has that good sarcastic delivery. lauren: no, sir tak nostalgiag rights now. you need t introduce it to the younger person and the older person would say i remember that. cheryl: i loved pac man. >> you can take fast and furious, mix it with mario cart, i see a hit on your hands.
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cheryl: brett larson. thank you. lauren: you can catch brett on fox news headlines, 24/7, sirius xm 115. after the biggest point gains ever for u.s. equities yesterday, the party continues, dow up 289, s&p and nasdaq also gaining more than 1%. mike bloomberg is on the ballot today for the first time will he be a spoiler for joe biden? we're going to virginia beach where bloomberg is spending a fortune and where he made his final pitch to voters just last night. cheryl: and an instagram worthy morning treat for you, cinnabon's new over-the-top beverage. keep it here on "fbn: a.m." ♪ have a drink on me. ♪ have a drink on me. ♪
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nominee. voters head to the polls in 14 states. today is the first time mike bloomberg will be on the ballot. the death toll from the coronavirus reaching more than 3,000 with more than 89,000 confirmed cases globally. in the u.s., 11 states confirming more than 80 cases and six deaths. msnbc host chris matthews making an abrupt exit from his show. he is stepping down after allegations of sexual harassment. cheryl: u.s. futures are rallying right now. we are in rally mode. this kicked in overnight after we find out that the g-7 is going to issue a statement on their economic response to the coronavirus. folks are looking for some central bank intervention here. also today, voters heading to the polls in 14 states. super tuesday results could also rattle markets. let's bring in james russo,
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chief investment strategist. let's start with the volatility we had, not just last week but overnight as well. investors are looking for central banks to step in. what do you think? it's been a wall street freak-out last week. you had so much leverage that needed to come back into the system to cover positions and it's not really a panic on main street i see. even getting back off the train, you're not seeing many masks and people are out at restaurants and i think main street, we're not getting many calls from our clients yet so i think a lot of people are looking for some bargain hunting right now and there's volatility there. cheryl: if you look at stocks like apple, you look at walmart, i mean, the list goes on and on, especially within the dow industrials, of stocks that picked up steam yesterday. it looks like there is buying happening in some of those bigger names. >> definitely buyers coming in and tremendous volatility as algorithms move back and fort and the big stocks where you probably had significant over-valuation which we've been
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talking about in recent weeks. i think you can go bargain hunting and find different value in companies like procter & gamble and pepsi and others that are more safe and give you a steadier dividend and not as volatile. cheryl: which is good. some of the healthcare companies are interesting purchases right now in the middle of the coronavirus. president trump was tweeting at 1:00 a.m. eastern time at jerome powell. he wants interest rates cut. he says the fed is not doing enough. the fed is meeting this month do you think we'll get 50% cut. >> it seems like it's coming. the fed may be forced to do so. i was critical of the fed when they were raising rates. they've corrected. i think they'll want to see economic indicators come into play before they make a decision. they may surprise the market which would be bad in the short term. cheryl: that would be bad for the markets that day. today is super tuesday. wall street is certainly taking
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a close look at bernie sanders and his rise in the polls has been blamed for some of the market volatility, the jittery side of markets if you will. how closely are we looking at bernie sanders now and how nervous would it make you if he did get the nomination. >> very closely and very nervous. and even democrats are significantly nervous about a sanders nomination which i think after today is going to be clear frontrunner because he's going to rack up those delegates in techtexas and california and i k it will be tough to remove him from candidacy. cheryl: life long democrats are saying this is a worrisome moment. >> any time you move to socialism -- i like to say capitalism is the holiest of all isms, when you look at where the democrat party is moving, it's concerning even for democrats. cheryl: we'll have a lot more to talk about i'm sure soon.
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lauren, over to you. lauren: two people are killed after at least two tornadoes struck nashville overnight. the storms causing severe damage across central tennessee. a reported gas leak forcing dozens to evacuate an apartment building. police are advising anyone in the area to stay off the roads. polls open in two and-a-half hours. cheryl: continuing our coverage of super tuesday, voters in virginia going to be heading to the polls as the democratic candidates fight for the state's 99 delegates. lauren: mark meredith is in virginia beach with the very latest. marks good morning. >> reporter: cheryl, lauren, good morning. the polls will be opening here at 6:00 a.m. in virginia and this is a state that so many people are going to be watching because this is also a state that the former new york mayor, mike bloomberg, has spent a lot of money, time and resources in. he spoke to fox news last night and he came out swinging against the democratic frontrunner, senator bernie sanders. >> i do not think bernie sanders has the right ideas for this country. i don't think that he can beat donald trump because i don't
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think the country wants revolutionary change. i think the country wants evolutionary change. >> reporter: bloomberg launched his campaign here in virginia back in november but he does have some competition in the state, both joe biden and bernie sanders, they held rallies in virginia over the weekend, trying to get out the crowd. senator sanders attracting a lot of people to his rally, but bloomberg says it's likely this race is going to keep on going no matter what virginia voters decide to gley the most likely scenario for the democratic party is nobody has a majority and then it goes to a convention where there's horse trading and everybody decides to compromise on -- doesn't each have to be one of the two leading candidates. >> reporter: virginia is an open primary. we checked with a poll worker who said they have no idea how many people are going to show up to vote today. there are some 99 delegates up for grabs, certainly those candidates will be eager to hear from virginia voters. lauren and cheryl. lauren: than.cheryl: thank yo.
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president trump meeting today with a group of republicans to discuss whether to reduce u.s. spying powers, this as congress enacts must pass legislation to renew expiring surveillance authority. some see an dash- lauren: you ever dream of becoming an astronaut. cheryl: no? lauren: now is your chance. nasa is announcing they're accepting applications for new astronauts and those who make it may make it to the moon or even mars. applicants must the u.s. citizens with advanced degrees in science, technology, math, and/or engineering. the last time, more than 18,000 people applied and just 11 were accepted. cheryl: i like my feet on the ground. i also love cinnamon. cinnabon is launching a new treat and this will be so instagram friendly, watch out. it will also be full of sugar. it is a frozen beverage with
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whipped cream, cinnamon and the choice of a churro swirl or an actual churro stick. yes, please. these will be available for a shveryshort time. lauren: why don't we have them on set? cheryl: i'm still recovering from the wendy's drink from yesterday which was fabulous. lauren.>> china steals intellel property, has unfair trade practices, although i don't know why we don't insist on the same thing and say you do this, we'll do it as well. lauren: did you hear that? that response sounding a lot like president trump's approach to china. so did mike bloomberg just endorse the president's handling of beijing? cheryl: one athlete going a little too far. the extreme request she is asking of her neighbors and we're going to tell you right now it's ridiculous. that's coming up on "fbn: a.m."
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>> look, there is no question in my mind that china steals intellectual property, has unfair trade practices, although i don't know why we don't insist on the same thing and say you do this, we'll do it as well. >> the beginning of your answer, almost sounded like you agreed with president trump's pressuring them in terms of getting a new trade deal.
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>> a lot of my criticisms of donald trump are not his policies, it's the way he's doing it. lauren: that was democratic presidential hopeful michael bloomberg trying to distance himself from president trump, but in doing so bloomberg actually endorsed the president's trade policies. we bring in heritage foundation trade economist tori smith. that's how it sounded. when i heard that i kind of said wow. what was your reaction. >> i think the real story here is that the idea that we have trade issues with china is pretty bipartisan and it's really about the how and the why we're getting at these issues that's important. so conservatives and free traders, i think we agree that china doesn't always follow the rules but we would like to see the use of tariffs left off the table and address the issues of china more directly and the focus on the trade deficit is not a good representation of the environment and the relationship between the u.s. and china. lauren: the whole idea of a trade deal with china, phase
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one, working on phase two, that will eventually help to address more than just the deficit and with the coronavirus severely impacting the chinese economy, do you think that brings them more to the table to give us a little bit more of what we want, maybe a little bit more aamenable with president trump's demands when it comes to reaching further phases of a deal? >> i don't think it's too early to know about further phases of of the u.s.-china deal. we know what will potentially be in the further phases but really this time right now is about implementing phase one and china seems to be checking all the boxes in that progress. the real testing will be once we get out of the first quarter and some of the economic effects of the coronavirus are really seen in china and around the world, that will show us whether or not china can uphold some of these commitments they made in terms of purchases. lauren: i heard critics of china say if you look at what's happening with coronavirus and the fact that beijing is not being forth coming with
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information on the virus, should we continue to treat them as an ally? >> i don't think that anyone would consider china to be a strategic ally. but they definitely are a trading partner. and so we want to see this relationship move forward in a positive way so we're making sure that americans are able to buy and sell freely with china. it's no surprise honestly that the information coming out of china on the virus is not completely transparent. it's an authoritarian regime, they want to control the flow of information so that shouldn't surprise anyone. i think the u.s. seems to be doing a good job of getting ahead of the ball on coronavirus. lauren: what about a trade deal with the u.k.? >> in terms of the u.k., we had news this past week that the u.k. released its negotiating objectives for bilateral trade agreement with the u.s. it was pretty much in line with what you would expect. i think the big issues between these negotiations are going to be things like regulatory standards, ag agriculture and is not surprising that the u.k. came out and said that its
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healthcare system is not for sale and of course americans want to be able to export drugs and medical devices and equipment to other markets. lauren: that would be big. can that happen? >> i don't know. it seems like it might not be on the table. when it comes to the broad negotiations for full scale trade agreement it always ends up that everything is on the table. lauren: thank you so much. >> thank you. cheryl: we are taking a look at markets and they are in rally mode right now. dow up 247, we're going to be hopefully getting a statement from the g-7 in the next couple hours and are they going to intervene, are central banks around the world going to intervene to help countries deal with the coronavirus. dow up 259,s&p up 26 and three quarters, nasdaq is up 100 right now. well, as the uber wealthy leave high tech states like new york they're leaving for florida. lauren: country music and a cold beer usually go hand in hand.
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how one country music superstar is taking your need for a cold one one step farther. keep it here on "fbn: a.m." ♪ you look like the type that likes to take it way down. hi! we're glad you came in, what's on your mind?
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lauren: the results are in for israel's third general election in the last year. cheryl: tracee carrasco's got the story. tracee: exit polls indicate a win for prime minister benjamin netanyahu. it may allow him to finally form a coalition government after the country had been able to -- hadn't been able to in the last two elections. netanyahu's primary competitor benny gantz told supporters to wait until the final results are in before admitting defeat. chevron looking to slim down the u.s. workforce, offering buyout as it faces sharply lower oil
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and gas prices. the company says so far the offers are being made to weekers in its -- workers in its shale business in the eastern united states. chevron employed more than 58,000 employees globally last year. alphabet's self driving car project is expanding plans for delivery using its fleet of autonomous cars. the company launching waymo via after raising $2.5 billion from a group of outside investors. waymo logged more than 20 million miles of real world autonomous driving. instead of just singing about beer, luke bryant is becoming a brewer. the drink a beer singer announcing a partnership with consistent telconstellation braa lagger which will -- lager which will only be 99 calories. it'he wanted to make sure it dit lack any flavor.
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his beer will be available in select regions this month with plans to go national very soon. cheryl: beer and country music, peanut butter and jelly. thank you very much. as taxes continue to skyrocket in states like new york, people are flocking to places like florida where taxes are lower, that is leading to a building boom. joining us now, car property founder and ceo. let's talk about hollanddale florida where you're building several towers to meet the demand of the influx of the northeast population which is heading down your way. >> we're actually building in several locations all over miami, downtown, the project you're referring to is 2000 2000 ocean. and we chose hallandale which is recommend necessar-reminiscent .
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it's between miami and fort lauderdale. when i go down there, i fly on a rotating basis in both airports and i'm in our offices from 10 to 25 minutes away and we're seeing a massive influx of buyers that traditionally would not happen in that market. cheryl: it's because of the change in the tax laws. talk about the prices there, because the prices -- i was down they doing reporter and the prices have jumped along the stretch of beach you're talking about. >> when we originally conceived the project we were looking at a lower price point and the more i looked at what was happening in the market, the influx coming in, we changed the project architect, we partnered with a high end furniture brand and our pricing is 30% above what we originally projected. we started at $3 million for half floors and go up from there.
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cheryl: you're almost getting to new york prices. besides that, i want to talk about downtown miami. you've got a property there as well, one river point, which you actually have in a snow globe i want to point out. this is why we have it on our set. this is pretty good, you've got a snow globe. that makes me laugh. >> it's a star-studded building. cheryl: downtown miami is really transformed. why has that become the hot area for people to build? >> miami was always perceived as miami beach. that had a downtown area. and what has changed in the past three to five years is that it has become an international global city that also has some of the greatest beaches in the world attached to it. it's not only taxes. taxes are playing a significant role for u.s. buyers. it's value. it's lifestyle. it's one of the world's most beautiful cities. in terms of value, this project has this architect who is also the architect behind 432 park
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avenue, tallest residential building in the world, selling units 8,000 a square foot. cheryl: we'll have to have you back. obviously it's a miami story. lauren, over to you. lauren: all right. a new move in china that's replacing the handshake amid the coronavirus outbreak. check it out. will that catch fire over here? cheryl: and one vegan runner asking a lot from her neighbors. her extreme demand, we're going to tell you what it is coming up on "fbn: a.m." ♪ ♪ it's surprising how the bigger a city gets... the smaller it starts to feel. which makes it even more surprising, how big it feels in here. with sliding rear seats... and more available second row legroom than say...
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a chevy suburban. this is the completely reimagined 2020 ford escape.
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♪ ♪ cheryl: amid the coronavirus outbreak, a new kind of shake or greeting is going viral. lauren: pretty interesting, mike gunzelman with the demonstration. mike: coronavirus with serious topic and real-life implications. it's a way for people to have fun or keep their spirit high during a serious subject. it's called the wuhan shake. you're seeing it right there. you greet rather than use your hands. greet people via your feet, although they are having some fun but people giving fun comments but educational and
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instructional that, listen, if you, yourself, are sick, or maybe around people that are sick, perhaps not shake their hands or something like that. lauren: use your elbow. >> if you see people out doing that, that's what they are doing, the wuhan shake. the nba issued new guidelines and moments to players and teams, when they are meeting fans rather than shake hands start fist pumping. not use or share same pen or marker. keep the same one rather than keep handing ones back and forth.
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less contamination. >> there's a woman who is vegan, she has a want or wish for neighbors. when she goes running they are cooking meat with her windows are open, the smells can be overpowering and offensive. asking her neighbors to please cook with their windows closed, quote, i'm hoping our community can have empathy by plant-based neighbors by closing their windows when they are cooking meat and only putting vegetables on their barbecue. neighbors not too happy with this. somebody writes, know that i had to worry about my vegan brothers this time of year when i'm trying to barbecue. i'm vegan and i approve this message. lauren: a lot of people try to take away -- you shouldn't worry
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what about i do in my home. butt out. cheryl: i'm sorry, only at berkeley. lauren: exactly. that's just ridiculous. lauren: when you cook something plant-base, doesn't it smell like real meat? mike: it's ridiculous what's going on here. cheryl: most runners are normal people, even vegan runners and i know a lot of them. mike: how about goo -- go a different route? there you go. cheryl: let's take a look at futures this morning. we do have a rally, dow is up
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287. we are waiting to hear from g7. this is central banks and by the way powell is in this conference call, mnuchin is in the call. hopefully stimulus will be coming. lauren: if they don't announce, what happens to the market, volatility, thank you so much for joining us on fbn:am. cheryl: maria bartiromo, good morning. maria: happy tuesday, everybody, thank you so much for joining us. it is tuesday march third, big day, your top stories right now 6:00 a.m. on the east coast. futures looking to add onto yesterday's historic rally, we have another triple-digit move under way with dow jones industrial average up 278 points, nasdaq futures up 108 and s&p futures up 29. this on top of major rally yesterday, the dow, the nasdaq and the s&p 500 with

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