i'm adam shapiro and for lauren simonetti. cheryl: good to see you here. good morning, everyone. i'm cheryl casone. a lot of breaking news to get to this morning. president trump morning he will walk away from the meeting with north korea and kim jong un does not produce results. >> as i think that it's a meeting that is not going to be

i'm gerri willis and for lauren simonetti. train to good morning. i lauren simonetti. if i won a fourth car, you better go soon? gerri: better go now. cheryl: we've got a lot of breaking news this morning for you. facebook stocks opened sharply higher after they blew away the earnings estimate. shares are in the premarket after they rallied 7% in extended trading. gerri: now our own nicole petallides. >> we summoned the active users being added 70 million to be precise in the first three months. that brought the overall user base to 2.2 billion. they also approved a authorizedf 9 billion. in addition to active users on the rise, headcount grew by 60% to 27,742. traders believe that the headwinds of cambridge may be in the next reporting period >> amazon's earnings per share to fall from a year ago jeff bezos said last week the company has more than 100 million prime members around the world. microsoft will also release it latest results. earnings per share to climb more than 15% with revenue rising nearly 10%. all those result as soon as they are released "after the be

i'm adam shapiro and for lauren simonetti. cheryl: good to see you here. good morning, everyone. i'm cheryl casone. a lot of breaking news to get to this morning. president trump morning he will walk away from the meeting with north korea and kim jong un does not produce results. >> as i think that it's a meeting that is not going to be fruitful, we are not going to go. if the meeting when i am there is not fruitful, i will respectfully leave the meeting. cheryl: the president made that comment would shouldn't gave last night. the night discussing issues for north korea to international trade. even the mueller investigation with the president referred to as a hoax. just as festivities appear to be wrapping up, president trump returned to the electric for the shouted question about additional russian sanctions. >> there's been nobody tougher on russia's then-president donald trump. with the media, no matter what i did it's never tough enough because that their narrative. russia will tell you there's been nobody tougher than donald trump. reporter: the two men still have unresolved

lauren: and lauren simonetti. good to see you. train to the u.s. ious at any more minute. bashar al-assad moving military planes waiting for president trump's promise to respond to a deadly chemical attack. lauren: david lee miller live in jerusalem with the latest. >> good morning. the region continues to hold its breath awaiting military action by the united states and other countries in response to the reported chemical weapons attack in the town of dumas. the ap reported that this hour, citing the russian military that the syrian regime is now in full control of the previously rebel held towns in anticipation of an attack. there were reports of syrian military is relocating potential targets such as aircraft and unlike a year ago launching missile strikes, following the syrian gas attack, this time the coalition is going to be taking action. it seems increasingly likely the u.k. and france will take part if there is military action. quoted as saying that all indications are that president bashar al-assad were responsible for the use of chemical

. >> 5:01 a.m., let me mention it's friday, i'm gerri willis for lauren simonetti. cheryl: and i'm cheryl casone, talk about amazon, folks, it's all about amazon. the stock on fire overnight after the company's earnings blew away estimates. attacking on the gains in extended trading, pointing higher by almost 7% in the premarket. amazon also raising the price for their prime membership in the u.s., big news by 20% to $119 a year. ceo jeff bezos says that amazon has a 100 million prime members. >> a hundred million. nicole: good morning, cheryl and gerri, amazon knocked it out of the park, earnings more than double, revenues surging 43%, what drove the numbers, online shopping, high demand for the cloud services, they have 100 million prime subscribers, they saw revenue from amazon web services, that soared 48.6%. amazon and nfl have renewed streaming partnership for thursday night football. on the conference call ceo noted a couple of things, strong ad growth contributed to profit, new customers as well as more business from the existing ones. watch the stock move t

lauren simonetti. cheryl: good morning. i'm cheryl casone. hurts a little bit from yesterday's interaction. lauren: 750 points for the dow closed down 450 airplanes. either way that's a big screen. cheryl: president trump moving to something else. the way this goes. ripping mexican leaders over weak immigration policies of a caravan as an occurrence overnight. drain for griff jenkins live in washington with a new response coming for the organizers of the caravan group carrying 1200 central americans. >> good morning, lauren and cheryl. he is clearly frustrated with their current immigration policies. as ridiculous as it sounds, and they do not allow us to send those crossing our southern border back where they come from. mexico and canada have tough immigration laws whereas ours are an obama joke. this is the department of justice announcing they will begin imposing quotas on federal immigration judges in an attempt to speed up deportations. sun terrace from which translates to people without borders is responding, issuing mr. fox news same da

jerry willis and four lauren simonetti.casone did a lot of braking is to get to from overnight. iranian president hasan whereupon he has now issued a warning to president trump to remain in the every nuclear deal or face consequences. this deal was signed by russia, china, germany, britain and france. the topic on the president's agenda during his visit today. white house press secretary sarah huckabee sanders making the president's position pretty clear. >> certainly think they should be a better deal when it actually is positive that works then we don't really typically look to the leadership of iran to determine what our foreign policy has. cheryl: with the deadline looming, will that persuade the president to stand? democratic ohio state senator and republican strategist chris her home. good morning. i want to stay with you because this is to do the same before president trump had made it very clear that he thinks this in the united states. but does this borough man's that he's got going with macron change to get to sta

on lauren simonetti. cheryl: president trump come out of the op-ed on how the american economy is growing in apple and chris are hiring and investing money into the country. the fact that americans will next you get way more money back. lauren: 3 million jobs created since the election. touting on this good thing since the economy. "usa today." cheryl: we will talk about that later on. today you've got to walk with japan's prime minister and mar-a-lago. lauren: lauren blanchard takes a look at what is at stake. reporter: the stage is set for another meeting between president trump and japanese prime minister schanzer ayub at the so-called winter white house winter white house picked a topic expected to be on the table this time, trade and north korea. president trump continue to stand his ground on trade. >> in many cases our friends are worse than enemies in terms of trade deals. if we don't straighten him our going to terminate them. >> aim was the first foreign leader to visit the u.s. after president

i lauren simonetti. cheryl: i'm cheryl casone. thanks for the viewers to spend the last 10 minutes of this on facebook live and instagram. we love your actions. someone if you never went to sleep from last night. we love that you joined us this morning. tranthree you can see how we are waking up as well. the whole 15 minutes ago. china is striking back against the trump administration's tariffs on steel and aluminum. starting today, china raising tariffs on pork and seven other products and slapping a 15% tariff on 120 u.s. commodities including fruit. regime hiking tariffs online. cheryl: former federal reserve vice chairman calendar of liz claman that president trump missed the boat by not using the transpacific governorship against china. >> a lot of the cpp was about intellectual property. a lot of it the united states wanted to get done on that front. proof, he disappeared on the first day of the trump administration. that was the way to attack the intellectual property. cheryl: alan blinder talking to liz claman. imposing sa

i am gerri willis and for lauren simonetti. cheryl: good morning. i'm cheryl. we are talking about facebook and amazon and google. we do have a lot of braking is to get to this morning. president trump hosting french president macron at the first state visit since he took office. macron spoke out about new terror sent aluminum and steel for the european union. >> where are your priorities? you can make a trade law with the alliance. in very simple. it's too complicated if you make war against everybody. you make trade work in china, trade were against europe come over in syria. it doesn't work. you need an ally. we are the allies. cheryl: they should stay in the funnest are no better options. >> for nuclear, what do you have? i don't see. what is your plan b? i don't have a plan b for nuclear against iran. that is a little discussed. gerri: three days of talks in this visit. also saying he has a special relationship with president trump. >> the maverick of the system on both sides. i think president trump's election was unexpected in your country and probably m

gerri: i am gerri and for lauren simonetti. i think if you're worried about leaving things, it's a good thing to do. cheryl: we'll get to that later on in the show. there is plenty of circumstance last night as president trump hosted french president emmanuel macron at the white house for the administration's first state dinner. >> we raise our glasses as i offer this toast to president macron and brigitte, to the french delegation in every proud citizen of france. mayor friendship grow even deeper. mayor kinship grow even stronger and they are sacred never die. gerri: at lawrence at the white house with more. >> good morning. the dinner was a formal affair lasting about two hours. also, the who's who of the corporate world was fair. during the test, and the romance between president trump in the french president was on display. pray strength and has been very productive talks about trade. the state dinner featured to team tables. the head table was at the center of the room. a three course meal in a room that was right at the

gerri: annan gerri willis and four lauren simonetti.s traveling in the caravan are stuck at the u.s. border in tijuana mexico. they tried to seek asylum yesterday but were not allowed to enter the country because the processing facility was full. kelly wright joins us now with the latest. >> good morning to you both. attends human drama unfolding there continues to develop of the u.s.-mexico border in san diego has hundreds of migrants are hoping to get into the u.s. u.s. officials say the border crossing is full. hundreds of central american migrants who are risking it all for a chance to seek asylum are tried into this country but after their long journey by foot or a train, they find themselves back at the u.s.-mexico border. that is where agents are not allowing them entry. many saying they are fleeing gang violence and seeking safety in america. >> we are fleeing because we know the situation in our country is not within our reach, with their hands to solve the problems that they're looking to save their lives. >> concerned about t

i lauren simonetti.is morning is denying a syrian air base after an airstrike at the military base coming after this year in government allegedly carried out another chemical attack on civilians, mostly women and children. president trump learning there will be a big price to pay through the executive president of the american university school of public affairs at wash to an examiner contributor of military horizons. great to have you both. capri, i want to start with something that seems to be in this morning. i want you to listen to a president trump said on march march 29th of this year about syria. listen to this. >> will be coming out of syria very soon. cheryl: capri, there are some saying that is what gave lauren: the go-ahead in his mind to start changing chemical weapons. >> it may be a contributing factor. however, i don't think he did a lot to provoke a person like bashar al-assad. the man has been perpetrating genocide on his people long before president trump came into office. you know, the

i'm lauren simonetti.heryl: good morning. i am cheryl casone. so many things to cover. the last 12 hours have been incredible. lauren: trade were potentially averted. in washington right now and will begin with what happened last night we xi jinping offering an olive branch to use rising trade tensions with the u.s. he was speaking at a business conference today to cut import tariffs on cars into more to protect intellectual property. xi did not mention president trump directly but his comments come after president trent promise to slap an additional $100 billion in tariffs on chinese could just last week. this is the first time president xi has spoken out in public since the tart entrÉes start of trade between beijing and washington. cheryl:'s breaking this morning, the world trade organization against u.s. tariffs on steel and aluminum products. the 25% tariff on steel and 10% on aluminum violates international trade rules. despite all that, let's take a look at features. investors shrugging that off. te

and lauren simonetti. cheryl: i think we are just going to say happy friday. every monday we have an incredible amount of news. lauren: back in the day monday was a hard thing to produce. now there's no shortage. turning to the first breaking story we've got this morning. the united states to announce additional sanctions on russia today for helping serious attack its own people with chemical weapons after a u.s.-led coalition launched more than 100 missiles against the assad regime in friday night. the president getting heat for treating the coordinated strike against syria were mission accomplished. the white house defended the president. >> the mission that the u.s. military and coalition forces that the u.k. and france went out on friday to do. they went under% met derek jeter is. that's what the president is referring to. train to the united states warning c-reactive is more military strikes. >> the president has made it very clear when it comes to weapons of mass destruction we have no tolerance for it. we are going to watch out for the best interest of t

lauren: simonetti in for melissa francis. >> neither david nor melissa could stand out so they're boat out. all stocks closing close in the red dow jones industrial average is down 73 points. over last three days we gained 800. we have given a lot of that back. nasdaq also under pressure. 9615, i'm sorry 6915 is were the nasdaq is finishing. with that, keeps it positive for 2018. we were looking for 6903. that would put it in the negative. there is indication there are jitters on wall street. gold moved to the upside. bond yields dropped. hear is look at the weak right now for the dow, nasdaq and s&p. all to the downside. nasdaq worst of the bunch. nasdaq down 2.1%. s&p down 1.3%. biggest losers for the week, intel cisco 3m. fang, everybody loves "fang" stocks. we're down the fifth week in six. back to you. connell: nicole, thank you. president threatening another 100 billion in tariffs on chinese. beijing is standing firm in the first stages of the trade war. the country says they will fight at any cost their term. fox reporter hillary vaughn on a busy friday joins us from the north l

i'm lauren simonetti. >> good morning. i'm cheryl casone. here we go again. >> lauren: here we go.scott call them? the tariff tantrums. >> cheryl: the tariff tantrums. we have another market tantrums going on overnight. china vowing to retaliate after the trump administration said it would slap an additional $100 billion worth of tariffs on chinese goods. >> lauren: we bring in tracy with more on that. >> neither side seems to be backing down. overnight china vowed to fight the united states, quote, at any cost. a ministry spokesman said china would, quote, would pay any price to defend its actions. president trump proposed an additional $100 billion in tariffs in this escalating trade dispute. that move would triple the amount of chinese goods facing tariffs when entering the u.s. the president, who says these tariffs are because of alleged violations of u.s. intellectual property laws, also says an escalation would be due to beijing's, quote, unfair retaliation, which could, quote, harm our farmers and manufacturers and this what is the president said yesterday while speaking in

and gerri willis in for lauren simonetti. cheryl: good morning. and amazing women.ormer first lady barbara bush. gerri: 73 years of marriage and 17 grandchildren. turn to the wife of the nation's 41st president and mother of the 43rd president. she died yesterday at the age of 92. gerri: casey stegall in houston with the details. >> no real act dvd at the gates back there, the president to george herbert walker bush's neighborhood. it's very private. only 20 or so homes back there. we do not know what time mrs. bush passed away. and of course, these are extremely sensitive matters. they are choreographed to achieve. months of advance planning has gone on behind the scenes for this very moment. privacy is of utmost concern and priority. a couple of people we assume houston residents are houstonians as they refer to themselves showing appear with science, flowers outside the gates. of course nearly every politician on the planet has been sending out out statements and taking the social media. president trump tweeting melania and i join the nation in celebrating the li

i am lauren simonetti. connell: that is it. i guess that's what they call it.econd, which is not a good thing this time at the warning. i am connell mcshane and for cheryl who is off today. president trump has made no secret of his disdain for the special deal passed in congress last month. reports say he's considering using a rarely used 44-year-old law to trim brilliance of dollars. a backlash in the party conservative base, certainly for us in the to at least consider this tool which is allowing the president to put a 45 day hold on the budget and ask congress to remove some items. the last time it happened, it has happened before, was under president clinton. with republicans go forward and what about democrats? independent women's forum. also republican candidate from congress and the state of new jersey. when they go to you first come is steve i miss about the tribe based on a backlash after threatening to veto in going ahead with this bill. he really heard it from some of his supporters. >> a lot of disappointment amongst the conservative base and fiscal

. >> i'm adam shapiro for lauren simonetti. i know many will want to throw many apart.ryl: we have breaking news to get to this morning as always, stock market cutting major losses yesterday after deputy attorney general told president trump he's not the target of two separate ongoing investigations. >> blake berman is at the white house and has more details for you. blake: a source familiar tells fox that rod rosenstein told the president last week that the president is not the focus of the investigation into personal attorney michael cohen. last week here at the white house rosenstein met with the president during press conference wednesday the president down played speculation if he fired rosenstein and the head of the special counsel robert mueller. >> as far as the two gentlemen they told me about, they've been saying i'm going get rid of them for the last three months, four months, five months, and they are still here. blake: separate report says rosenstein told the president he wasn't the target of the mueller probe. that's when the market directly upward. accord

i'm lauren simonetti. cheryl: good morning come everybody. and cheryl casone.ou and i would appreciate getting sleep anywhere possible. i'm not going to tell you, but yes it was. i can't stand it. investors hitting the likes button on mark zuckerberg's first appearance in front of u.s. lawmakers. facebook stats for .5%, the biggest move in two years. ceo zuckerberg navigated through to congressional hearings. the move out of $3 billion to his net worth. shares of the company in the premarket anyway slightly lower by a fraction. zuckerberg underwent five hours of questioning by the senators. lauren: caroline shively on capitol hill with those details. reporter: mark zuckerberg reassuring that facebook is taking action in a privacy scandal that affected millions of users. >> why should we trust facebook to make the necessary changes to ensure user privacy and give people a clear picture of your privacy policies? >> we have made a lot of mistakes in running the company. >> here is what everybody's trying to tell you more running the company. i'll say this gently.

. ♪ ♪ lauren: 5:30 in the morning in new york, it is friday april 13th, good morning, i'm lauren simonettieverybody, i'm cheryl casone. well, president trump is sitting with his national security advisers to discuss the u.s. response to syria alleged use of chemical weapons, complicated matters is syrian ally russia warning that military action in syria could have serious consequences. >> we will see what happens. we are obviously looking into that very closely, too bad that the world puts us in a position like that but, you know, as i said this morning, we have done a great job with isis, we have decimated isis but now we have to make some further decisions so they'll be made fairly soon. >> well, if there are air strikes it's possible the u.s. will not act alone, but france and britain say action must be taken to stop further use of chemical weapons, for more on this, former military officer steve rogers and bental for defense democracy. >> good morning. cheryl: steve, i want to start with you, the prohibition of chemical weapons, they are schedule today arrive in syria, investigate poss

rallying into the close as well the nasdac the best performer on a percentage basis hi, i'm lauren simonettifrancis. david: i'm david asman a very important day to watch fox business news because this is the news network that started the ball rolling with that ex

rallying into the close as well the nasdac the best performer on a percentage basis hi, i'm lauren simonetti. i'm in for melissa francis. david: i'm david asman a very important day to watch fox business news because this is the news network that started the ball rolling with that extraordinary interview with larry kudlow, the chief economic advisor for the president. that is what turned this around. such an amazing turnaround. we haven't seen anything like this before. this after the bell stocks starting their big climb a little after 10 a.m. eastern this morning that is when larry kudlow spoke with our own stuart varney here is a taste of what he had to say. >> i think that at the end of this whole process, the end of the rainbow, there's a pot of gold and if you open up that pot , you'll see better economic growth, more trading going on, improved wages for both sides. david: anything in particular that larry kudlow said that changed this market around we're going to share that to you in just a few moments but first to gerri willis at the new york stock exchange watching this very unexpect

lauren: simonetti in for melissa francis

lauren simonetti on the floor of the new york stock exchange with the details. re so early, lauren? >> i'm fast. there was no traffic, maria. everybody's off today. amazon shares on the free market because they are down 1.8%. obviously the past month has been very tough for the company. as president trump goes after not only the way they do business at the post office, but also the way they pay taxes. i also want to talk about tesla today. this is the stock getting hit very hard in the premarket. it's down almost 4% for the month of march, and we'll show you this chart is down 22%. worst month in seven years. there are so many issues with the company. the ceo over the weekend as if he's tone deaf sends a tweet says despite intense efforts to money, we're sad to report that tesla has gone completely and totally bankrupt. well, there are analysts out there that think this company could go bankrupt in the next four months, maria. so we're watching the stock and the production numbers of the model 3. maria: yeah, you're right, lauren. there's real liquidity issues. i

lauren simonetti is at the new york stock exchange with the stock fallout today. lauren if?es, this could be another potential hedger in the health care sector. humana is spiking almost 5% on a day when most stocks are getting hammered pretty hard. walmart shares selling off to the tune of 4%. walmart is looking to expand and deepen its relationship with humana. humana has a relationship with senior citizens and medicare and that would help walmart expand upon that we're also looking at an industry eight years after obamacare was enacted. companies and consumers are still trying to lower costs. so all of these tie-ups between different health care companies often helped lower that price tag. of course with our reports that amazon is getting into the pharmacy is business, trying to compete against amazon as well. initially, today, when the stock market wasn't getting hammered the way it is right now, we saw many health insurer stocks in addition to humana with nice up arrows. right now anthem is higher. united health is the others, lower in the space. we continue to watch thi

we have dane manning and "fbn:am" co-host lauren simonetti. >> hey. neil: markets want to see a rebound and watching all the technical factors with the s&p moving below the 200-day moving average and all that. what are they worried about the dow and all markets making a rebound today? >> let's get technical. we're just above that 200-day moving average for the s&p 500. it has been 2 1/2 years before yesterday, before we went below it. so that determines the long-term momentum of the stock market and that is a big question mark right now because you had last year this tailwind for these big multinationals and everyday americans of tax reform and a tax cut. now with the threat of trade and these big, just a few tech companies that have such an outsized influence on your portfolio and on the markets overall having such sway that can overcome what we might have seen more of in terms of the tax benefits. neil: dave, how do you play this when it is so volatile? we talk about volatility so much that i wanted to revisit what is the definition of volatility. i

lauren simonetti has everything. >> lauren: first, let's sum up what happened. think he got an "a." >> i think the media obviously will support him because it's consistent with what it is they do. but if you really analyze his performance, he always went to home base. we need regulation, but we've got to be careful of regulation. so it's always a ying and yang. i don't think he did very well at all. >> lauren: investors gave him a thumbs up for sure. take aclo a look at how the stod after two days on capitol hill. it's up 5.5%. they asked how did facebook let this cambridge analytica scandal happen, harvest the data on 87 million of us. they learned that zuckerberg's own information was sold too they asked him should we regulate you? he said it's inevitable, just don't go too far. finally, is facebook willing to change its business model to protect you and he promised to follow up in writing. this is how the internet pokes fun at that, are you human, mr. zuckerberg. this is an important question, my team will get back to you on that. he switched to orange juice

lauren simonetti has more. >> lauren: first question, when was the last time a clerk at a supermarketst what you signed on the credit card? that actually happened to you? >> dagen: last weekend. pilot truck stop. >> lauren: good for them. dagen, you're ruining my point here. don't sign on the bottom line is the message we're getting from four major u.s. credit card companies. they are getting on the same page here and saying starting today you no longer need your john hancock to sign off on those in-store purchases. of course, for years, for about eight years, for a small transaction you don't necessarily need to sign. there's a couple questions that i have here. of course it's up to the retailer, target, walmart, a small company, to determine if you sign. but when do we actually need our signatures? when you get divorced. when you buy a home. not even for an autograph. people take selfies now. what happened to security? i never understood that. >> when we moved to technology and the chip cards that are used in europe, it's much more secure. but we don't yet have -- those add times to

. ♪ ♪ ♪ ♪ >> i'm lauren simonetti on the floor of the new york stock exchange. that a lawsuit by the massachusetts attorney general can proceed. shares up just fractionally. claims equifax failed to safeguard the personal information of three million folks in massachusetts and waited too long to disclose the breach. obviously, that breach affecting basically half of the country. let's take a look at a 52-week chart here, because you can see when equifax disclosed that to the public last september. look at that red dot. shares hit a low of 89.59. of course, the company faces other lawsuits going forward. more "varney & company" after this. ♪ see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from

lauren simonetti with all the details there, top story in the journal, lauren.lievable the pressure that facebook is getting not just in the u.s. from lawmakers, overseas too, in eu, digital chief, andres, will sit down with mark zuckerberg as well as google ceo, they will talk user privacy. europe is leading the way, they have a new law that goes into affect may 25th, stipulate that is you have control over the information. here are some of the rules, starting next month they can -- you have to give consent that your parnl data will be collected and stored by digital companies, you can request i don't want my information out there, delete my data and that will happen, u.s. businesses that do business there must abide or be fined and fines could be in the billions of dollars when it's all accumulated. some people are referring to this as the global earthquake but in the tech world, but the epicenter is not in silicon valley, it's across the atlantic so far away from them. meanwhile there are troubles for facebook, a california federal judge says facebook can be

dagen: new study says more twit e posts are created by automated boots, lauren simonetti has all the s. this is what my timeline is filled up with. lauren: humans aren't in charge anymore. boots are determining what we are talking about online and websites an publications that we are reading, pew research center finding two-thirds of tweets are generated by boots and not real people, pew analyzed over a million people to come up with its findings. let me give you example of automated account that might influence you, what you see twha you read, netflix boot for, you know, content that's coming out on the streaming service, grammar police any time they see something spelled wrong on tv or something, some of this is silly but obviously some of it serious and beg it is question as we talk about the facebook-private data scandal, are social media companies as well, this is what twitter has to say as well. this comes from the head of trust and safety, she writes, am the youtube shooting in california last week, we strongly believe twitter should not be the arbiter of truth, we do see infor

pointing to again this morning over an hour from right now, this after a sharps sell-off yesterday lauren simonetti >> pretty good. >> yeah this is historic day maria first of all, we had april storms from yesterday with that, volatility, dow down 758 points, closes down 458 points recovery 300 we are seeing futures pointing to a firmer open this morning, the nasdaq big story the reason is it is now negative for 2018, if you look at big stocks that we like to call -- amazon apple netflix, google parent alphabet lost yesterday i alone 80 billion dollars market cap one day a means, today, is an interesting at a a direct lifting not initial public offering a a direct lifting from a tech company that company spotify at the reference point that we're getting from new york stock exchange is 132 dollars a share, this is how the brokers and -- match up buyers and sellers 132 could change that is from last night would value company 23 billion dollars unusual way to do this we are hearing that spotify quite frankly, has yet to make a profit maria, is -- they are going to eliminate essentially millions and mi

[laughter] ♪ ♪ ♪ ♪ >> i'm lauren simonetti on the floor of the new york stock exchange, and we are talkingews, 21st century fox -- the parent company of fox business -- is either looking to sell sky news to disney, of course, disney is trying to buy some of fox news' assets or willing to make sky separate to insure the editorial independence of the company. all of this, obviously, to get british antitrust regulate arers to green light the purchase. why is sky news so appealing to disney, fox as well as comcast? here's your reason. they're kind of a smaller version of what many u.s. media companies want to be. they've got the phone lines, the internet and the content all in one. >> more "varney" after this. ♪ ♪ stuart: california, millennials reporteg to buy homes in a new development just east of los angeles. they're rushing there. the development is called new haven. homes start around a quarter million. ing homeowners say the dwopt has, they've got pools, parks, fastest internet speeds in southern california. only takes six seconds to download a full movie. that is attractive. >>> stayin

lauren simonetti has all the he details there. it was a pretty good direct listing. they had no banks, no underwriters. they had financial advisors pay them about $36 million, snap, for instance, paid their writers $100 million -- underwriters $100 million. so spotify saved money and they let their workers and early investors cash out. the company was talking with the new york stock exchange about this for months. specifically, how they would reduce the volatility and open the stock smoothly. well, it was a very late opening. in fact, it was one of the latest we've ever seen. it took three hours and 15 minutes after the start of trading for the specialist whose mom was there, by the way, this was a big deal for peter of citadel to find the price. the price was $165.90 for the opening trade, the reference point was $132. the stock closed at $149. let's take a look this morning. we have an overall selloff in the market. spotify shares are down 2%. wall street is watching very closely. can they turn a profit? will they continue to pur

lauren simonetti with the details they are as netflix reports earnings today. >> we are from netflixally quickly expectations 53 cents per share revenue. $3.69 billion is a big deal because it's 1 billion more than a year ago. the tune of $80 billion is going towards original content. original content. that is on par with disney. the ceo speaking at the ted talks over the weekend said a billion might not be enough for netflix. how much is too much? at the end of the fourth quarter, when netflix that their earnings, they said we are growing faster than did which allows us to invest more in original content. 8 billion then some. eventually apple, for instance will catch up to a number like this. right now netflix and disney spending big. it's a big number to wrap your mind around. if they grow their international global subscribers, maybe there is room for that. maria: something to compete and they've been competing with the bigger networks and entertainment companies out there. that is why everyone's afraid because they don't care what they will spend on content. >> and they're compet

. >> lauren simonetti gave birth to baby boy mark going to call him m.j.k at that head of hair, what okay her daughter -- anyway congratulations to all of you, she and i were texting ties afternoon when she was in labor, its go time, just had it going on. >> amazing she was pregnant almost until final day at work she gave birth congratulations lauren we love you hope you are feeling good. >> she was here tuesday, gave birth -- >> -- just -- her daughter had that headch black hair, hair never fell out, her baby pictures first year most incredible, so much hair looked like a little doll congratulations to the family and welcome to the world m.j.. >> we'll be right back. stay with us. ♪ ♪ sweet demonstratoreams, who am traveled the world and seven seas ♪ how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander . . start winning today. book now at lq.com. maria: great show, everybody. thanks for being here. dagen: incredible interview, maria, astonishing. thank you