the us realized it wasn't quite that easy to get rid of fidel castro and fidel castro from then on deliberately turned towards the soviet union to ask for their support . lemon yellow and in the way in which the economy was treated in cuba was. it was like the sorcerer's apprentice is. lenin's watchword into his head to industrialise the country. for him sugarcane signified a sort of slavery and also a fatality for a single crop producing country. cuba needed to get industrialized except there were no real materials. you don't taunt in the name of they were around thirty years old when they came to power now that's ok to be in power at that age if you're talking about just one person but when they're all that age you need older people to balance things out in government so things weren't always that easy . so he became an economist overnight although he was more of a poet more of a donkey or than the owner of a bank. should. it wasn't easy for him but he gave it his all very. full. of this unbridled revolution that so exasperates the americans confuses the soviets. there was major debate over t

so, what did fidelity do, or your father do to make fidelity become so large and so successful?gail: the key ingredient was he had that passion that my grandfather had for investing. but he also had a passion for building a business. and that was something, i think, my grandfather didn't have because he was completely focused on being a great investor. and my father had a vision to do more than just have a great investment capability. he wanted to build a business that would extend and expand, and be sustainable beyond any market cycle. david: so you are growing up in boston, your father is building a company that is becoming one of the biggest mutual fund complexes in the world. was it complicated growing up with your father and family being so famous, or were you relatively anonymous as a child? abigail: we were not famous at all. this is the equity market in the 1970's, david. people thought the equity markets were dying back then. i mean, people were asking my father why are you still doing , this? david: so you grew up relatively , modestly, you would say? abigail: we were

did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelityn you were younger? abigail: i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. i was always interested in the business, it was impossible not to learn about it. between my grandfather and my father, they were both passionate investors, and they love the idea of building a business that focused on taking care of its customers. i always wanted to be involved with it. but of course, when you are young, you do not know where life is going to take you. david: your grandfather started the company in 1946. abigail: he began life as a lawyer. and the family lore is he was frustrated and bored being a lawyer. the got interested in investing and loved the stock market, and he gradually drifted away from his practice of law. this would have been in the 1940's, shortly after the securities act of 1940, which was the foundation that enabled mutual funds to come into existence. he purchased a small legal entity called "the fi

david: your father, most of his career was at fidelity?gail: the organization was small when he joined. it was basically an investment boutique. his father, yes, was president and ceo. there were probably several hundred employees at the time and he was one of them. david: what did fidelity do or your father do to make it become so large and successful? abigail: the key ingredient was, he had that passion that my grandfather had for investing. he also had a passion for building a business. that was something i think that my grandfather probably did not have because he was completely focused on being a great investor. my father had a vision to do more than just have a great investment capability. he wanted to build a business that would extend and expand, and be sustainable beyond any market cycle. david: so you are growing up in boston, your father is building a company that is becoming one of the biggest mutual complexes in the world, was a complicated -- was it complicated growing up with your father and family being famous, or were you

does fidelity manager money? -- manage your money?s that person get nervous because you are the ceo? [laughter] abigail: i think part of my role as the ceo is to also experience the company has a customer. i do have a couple of representatives who work as a team, who call me several times a year and take me through the portfolio. we talk about what is going on with the different funds that i am invested in. of course i go through other avenues, but i want to hear from them, how they explain it. it also gives me a chance to ask them questions. david: you are on many lists as being one of the wealthiest people in the united states. does that upset you when you see those forbes lists or bloomberg lists that say you are one of the wealthiest people and how do you feel and how does that affect your life when you see numbers attached to your name? abigail: i just assumed not to see a lot of numbers attached to my name, but that is probably inevitable of what happens in the world today. people want to speculate about putting numbers next to

and right—hand man to fidel castro as he seized power in cuba in 1959.cially, unlike some of those in the guerrilla army, che guevara was a committed marxist from the very start of the cuban revolution. and to this day, he remains a colossus in his adopted country's self image, as a bastion against imperialism and injustice. his last resting place, a beacon for tens of thousands of visitors and pilgrims every year from the world over. fascinated by a life documented by iconic photographs and projected as the epitome of romance and rebellion. ernesto guevara was born into middle—class buenos aires family and studied to be a doctor. but an adventurous streak saw him travel the continent. influenced by examples of us intervention in the americas, hejoined a group of exiled cubans led by fidel castro in their bid to remove the military regime in havana. the men under his command began to call guevara che. the argentine slang for friend. against the odds, after two years of guerrilla warfare in the sierra maestra mountains and in the cities, the bearded revol

the late fidel castro stood at this podium for countless marches in his signature fatigues and peakedes over proceedings. but with raul announcing he will step down early next year, it is perhaps as important as ever to demonstrate stability will reign on after the castros in cuba. this is the image that the cuban government want to project of cuban youth — loyal, dedicated and faithful. young people turning out to pay homage to the socialist project. this man has been participating in the event since he was a small boy, and he's clearly a committed revolutionary. many don't share his passion, though. in santa clara, beneath the mausoleum of che guevara itself lies a poor neighbourhood known simply as the hole. the residents never had permission to build their wooden shacks and breeze block homes so aren't legally recognised by the state. and with no formal address, the community can't receive basic services. gladys was born in this neighbourhood and has lived in it her entire life. but despite their proximity to one of the revolution‘s heroes, she says they've been ignored by the gov

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fidelity.nt today. ♪ . kennedy: what? hashtag fake news! according to politifact, president trump used that term 153 times this year alone and isn't going away any time soon. the president railed against the media in a radio interview earlier this week, take a listen. >> actually dishonesty in the media surprised me the most. i thought after i won the media would become much more stable and honest. they've gone crazy, cnn is a joke, nbc is a joke, you watch what they report, it bears no relationship to what i'm doing, but the media is absolutely dishonest, and i have never seen -- frankly, never seen anything like it. kennedy: voters might agree. 46% of respondents actually believe the media fabricates stories about the president and his administration. is donald trump winning his war against the media? my very real and reputable party panel is back to weigh in. katie, richard. the attacks seem to be working, the hashtag fake news gained purchase with voters and much more dubious of the coverag

fidelity. open an account today. fidelity.ou're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. [vo] quickbooks introduces he teaches lessons to stanley... and that's kind of it right now. but rodney knew just what to do...he got quickbooks. it organizes all his accounts, so he knows where he stands in an instant. ahhh...that's a profit. which gave him the idea to spend a little cash on some brilliant marketing! ha, clever. wow, look at all these new students! way to grow, rodney! know where you stand instantly. visit quickbooks.com. maria: welcome back, federal aviation is urging airlines to ban bags from luggage. cheryl: testing, showing that large electronic devices can cause catastrophic fires with lithium battery, can carry devices only in the cabin, safest way to to go. jet blue stopped selling tickets on a dozen travel websites, the company wants to reduce costs by driving c

fidelity.oday. ♪ open an account today. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone kennedy: is the republican party too white. former first lady michelle obama seems to think so, and she said so during an interview at the pennsylvania conference for women. >> on one side of the room it's gray and white. on the other side of the room there are blues and wise and greens, yellows. one side all men within all white. on the other side, some women, some people of color. kennedy: that's not a superficial take on her view during the state of the union address. one side was too gray. you might think people don't trust politicians because they say if you like your doctor you can keep your doctor. not real problem is white men. this comes a week after she trashed women who voted for donald trump saying necessity only did because they like the thing they are told to like. so much for when they go low, we go high. is it affecting america's ab

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fidelity.ay. fidelity. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. maria: welcome back, we are following breaking news out of new orleans this morning. a police officer has been shot and killed. cheryl casone with the story now, cheryl. cheryl: that's right, maria. the shooting taking place near apartment complex in new orleans few hours ago. four officers on routine patrol when they were attacked. well, president trump announcing he will not certify iran is complying with 2015 nuclear deal. white house say it is u.s. will instead focus on neutralizing the government iran's quote, destabilizing influence and constraining its aggression. fox business is going to carry the president's speech live today 12:45 p.m. eastern time. meanwhile two republican senators also this morning unveiling a plan to sanction iran if the regime gets close to making a nuclear weapon under their proposal,

without getting you do it i think there's a lot of it was a lot of different issues and look at fidelity that oversees two point three trillion in assets and the retirement funds of millions of americans and while they have a lot of women in top positions they are the funding you know there are the fun level you know a morning star research paper from last year notes that in the u.s. women only make up ten percent of the fund manager. where make up thirty six percent of lawyers and thirty three percent of doctors so you're seeing this now it's going to creep in the wall street why is it a boys' club you're going to see those doors that glass ceiling whatever metaphor you want to use that school start getting torn down i think of ways that as a great. great way to put it and we've heard that from actresses tire who worked in that same end as opposed to exist in all day every industry politics that exists in wall street and that does have to stop it has to come down and the thing about that boy's club mentality is that what it really is is your straight caucasian rich well connected male w

at fidelity, we let you know where you stand,

fidelity. open an account today. cheryl: breaking news this morning.he president in the president turned to talk tax reform, health care and other things. i like coming out. drink your records on friday. the dow with his fifth straight record close in a row. financials leading on hopes for tax reform. u.s. stock market futures in the green. dow jones, s&p and nasdaq. cheryl: in europe, always on spain as the spanish government moves to remove cobbling leadership to win their bid for independence. gerri: and asia, japanese stocks after prime minister abe received a mandate for voters to receive the goals. cheryl: will speak with european member of parliament nigel farage. he's the one catalonia's bid for independence as well as the latest on the british exec talks. gerri: a big week for tech earnings. amazon, google is turned off that and microsoft. we will tell you what to expect. "fbn:am" starts right now. cheryl: 5:31 a.m. in new york. monday, october 23rd. gerri: and gerri willis in for lauren simonetti. cheryl: great to have you here. gerri: good m

fidelity.ts breaking news right now. here is from the president. jfk files are being carefully released and there will be a great transparency it is my hope to get just about everything to public. it will not stop the conspiracy theory. the fbi is set to give congress documents related to the controversial russian dossier that we now know the democrats and the in the hillary clinton campaign were behind. cheryl has at story. paul ryan this is the says the fbi has provided documents in a variety of investigations including information about a 35 page research document. they have informed us that they will comply with our document requests and they will provide the documents to congress we expect the fbi to honor that commitment. both clinton campaign in the chairwoman denied to congressional investigators about who paid for the dossier. that testimony can put them in hot water. democrats have paid for part of it. they could face perjury charges if it turns out they gave false statements to congr

fidelity.pen an account today. maria: welcome back. tap your security chief are planning a major attack on a scale of 9/11. cheryl casone with the details now. train for the sake of memory. homeland security secretary elaine dukes and it is clear and other terror groups are planning to take down planes as being to carry it another massive attack. duke also seen terror groups have been using knife attacks to keep their members engaged. the head of american express and one of the most prominent african-american leaders is leaving the company. a 16 year run of the credit card company. he is going to succeeded as ceo. shares of amex have 23% so far this year. american cities are pulling all the stops in their bids to come onto amazon second headquarters. stonecrest georgia has offered to change its name to amazon. tucson, arizona tried to send the company at 21-foot taxes. promising to invest $5 billion create 50,000 jobs. the deadline to submit bids us today. of course check this out. new york cit

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fidelity. open an account today. fidelity. intelligent technology can help protect it.018 audi q5 is here. maria: welcome back. former ceo of equifax will testify today. the first of several he will make this week before congressional panels. cheryl casone with the details. >> at morning, murray appeared richard smith set up a fax failed to implement the fix two security flaws back in march to cause the massive security breach that around. it's review has increased the number of affected consumers in this country by 2.5 million. now look in a 145 by 5 million people affect it by this breach. shares of equifax down 10% so far this year. another ceo scheduled to appear on capitol hill. plus are the chief tim sloan to apologize for this phony account scandal. they fired 1800 employees with practices that the bank. regulators fined wells fargo $185 million for openness and his 3.5 million deposit and credit card accounts without customers knowledge. they spoke about that with maria last month. >> we didn't move as quickly as we should. we fundamentally change the company in

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executives and coworkers i mean that's the thing that leads over and i think when you look at the fidelity side that's what this is it's a constant if you if you think it's ok to do these things to your female colleagues then you're going to be ok doing it to your mail and you're going to treat everyone with disrespect. going to come back you know you're going to get your due you can't be a bully forever without giving you do and i think there's a lot of there was a lot of different issues we look at fidelity that oversees two point three trillion in assets and the retirement funds of millions of americans and while they have a lot of women in top positions they are the funding you know there are the fun level you know a morning star research paper from last year notes that in the u.s. women only make up ten percent of the fund manager. wear make up thirty six percent of lawyers and thirty three percent of doctors so you're seeing this now it's going to creep in the wall street why is it a boys' club you're going to see those doors that glass ceiling whatever metaphor you want to use that

and the financial world and the sexual predators that lurk there are now being dealt a blow see fidelityinvestments one of the world's largest mutual fund companies here in the united states and abroad sent two high level executives packing in the last two months after allegations they both engage in sexually inappropriate behavior in the workplace and boy why because the c.e.o. abigail johnson one of america's richest women put it this week in a video to employees quote we have no tolerance at our company for any type of harassment we simply will not and do not tolerate this type of behavior from anyone . if only washington and capitol hill have the interest in sharing that moral ground with the fashion film and financial industries instead of pretending that the storm isn't coming for them too. that storm is going to start coming for them and i'm going to we're going to see this reaction was sexual harasser other groups going to reach out to all the major industries because i think finally had a. voice you know it's funny we talked to a few weeks ago that you know. one of the you know

fidelity.today. ♪ kennedy: russia says it has the most of powerful army in the world. there is no doubt they have beefed up their military. they have been able to test tonight places like the ukraine and syria. but they still only spends abouts 10 of what we do in the u.s. is this russian boast a real cause for concern? the ambassador from the united states, there is only one you i need to see. that's you, john bolton. russia, russia, russia. so much russian news. do you think with the noose tightening on the uranium one deal and the shady details we are learning about and that pesky dossier, do you think russia is using a bit of misdirection talking about having the most of powerful military in the world? >> what nato has been doing to deal with the russian aggression in the baltics and they are projecting their power into eastern and central europe. what they don't get is nato is a completely defensible alliance it doesn't have an offensive capability against russia that is threatening. what

the smart ones look to fidelity to find them.ve you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪ open an account today. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. >>> next tonight here allegations of brutal hazing at the university of oklahoma. the son of a former dallas cowboy star suing a fraternity claiming a pledge ritual left him with brain injuries and memory loss. here's david wright. >> reporter: tonight the 20-year-old son of a dallas cowboys legend is suing a university of oklahoma fraternity over an alleged hazing ritual that he says left him with permanent brain damage. former cowboy tight end jay novacek's son blake is suing oklahoma's chapter of beta the

fidelity, where smarter investors will always be.id he think of it almost $6 million are sent them like that and i think honestly i just think it's a disgrace. trade to breaking news this morning president trump blasting hillary clinton and democrats behind this democrats behind a democrats behind this scandal is anti-trump dossier. an exclusive interview with lou dobbs. lauren: the house today set to pass the senate budget plan which would pave the way for historic tax cuts. cheryl: the dow falling 112 points yesterday disappointed earnings. amazon, also that microsoft futures pointing to a slightly lower open. lauren: europe considered the most important central bank meeting this year. will the ecb back away from the economic stimulus features up in the meantime. cheryl: stocks flat ahead of the ecb meeting. lauren: do you have what it takes to become a flight attendant? "fbn:am" continues right now. cheryl: 5:31 a.m. in new york. thursday, october 26. i'm sure personae. >> you have the right set to be a flight attendant. cheryl: i

at fidelity, trades are now just $4.95.re value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. by listening to an thiaudiobook on audible.ame and this guy is just trying to get through the day. this guy feels like he can take on anything. this guy isn't sure he can take it anymore. unwavering self-confidence. stuck in a 4-door sedan of sadness. upgrade your commute. ride with audible. dial star star audible on your smartphone to start listening today. kennedy: did you know new york city public schools offer free breakfast and lunch to all students. it's not exactly free because new yorkers pay exorbitant taxes. whenever government pays for something they want more say in how it's used. mayor deblasio is proposing meatless monday. he's no vegan. he just wants kids to switch to a plant-based diet because it's better for the environment and reduces the city's carbon footprint. we notate-year-olds aren't going to eat cris

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