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tv   FBN AM  FOX Business  January 6, 2016 5:00am-6:01am EST

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>> nicole: breaking news this morning, a major escalation and nuclear from north korea, claiming overnight it has detonated a hydrogen bomb. >> lauren: i'm lauren simonetti. , checking u.s. stock markets ahead of today, 171 points. s&p futures down 22 and the nasdaq giving up 52 points this morning. >> nicole: congress set to vote to repeal president obama's
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healthcare law. apple scales backseat orders of iphones rattling the apple universe as suppliers brace for lower sales. >> lauren: oh, oh, twitter. 140 characters, we will have those details. >> nicole: in sports, baseball writers reveal who goes into the hall of fame today. the new york knicks hung on to the win. we have the details. welcome to fbn:am, first look at what's moving in today's markets, latest breaking news and what to expect for this day ahead. >> lauren: let's quick it off with the news this morning. north korea announcing that it has successfully tested a hydrogen bomb. un security council is planning a meeting this morning.
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had conducted three tests in, spokesperson saying we condemn any violation of un security resolutions and call on north korea to abide by international obligations and commitments. joining us now the author of nuclear showdown knot korea takes on the world. gordon, first, do we have north korea and second, what does this alleged test mean for the community and capabilities? >> there's a substantial skepticism that they detonated a hydrogen weapon. i'm actually much more concerned about an atomic device. they have a missile, kno8 which the pentagon believes can hit the northern part part of the west coast.
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>> nicole: any way to find out whether they have done that? >> well, we have sniffer planes in the air. in 2013 we were not able to determine whether north korea detonated a bomb with a uranium or plutonium core. that surprised us that they were able to disguise that. i'm not so sure what we are able to find. this detonation was about 10 killometers underground. >> lauren: iran was present during another test, were they doing during this time around too? >> we don't know that now but we probably will later on. iranian technicians and scientists have to go through
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the beijing airport. a the test north korea has had iranian technicians on site for the detonations and iranians have been in north korea for long-range ballistic test. >> nicole: we've heard so many nations condemning this act today including even china so who now reacts, the un, the united states, the white house, what are is the reaction that follows now? >> well, we are going to tighten sanctions, but the most important thing for us is enforce the sanctions in place. china has a spotty record on that and the other issue is we signed iranian nuclear deal. if iranians actually were in north korea that means that the inspections that we have pursuant to this cooperative framework agreement mean very little, iranians are building bombs with the north koreans in
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all probability, thousands of miles away from un inspectors. >> lauren: gordon chang, unbelievable. thanks for welcoming with us. >> nicole: shares in japan and hong kong both down this morning about 1% each, shanghai composite has up arrows, you know that's been selling off in a big way. we are looking at that. u.s. stock index futures. they. >> relatively flat and we got the news on north correspondence -- north korea. s&p futures down 24. joining us now with his take on the market is peter dixon, global economist, you didn't expect this new piece of news, so now what? >> it's another piece of bad
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news to start the year as if it didn't have enough. markets have been under pressure for a good time and for gunnedmental reasons. if you look at what's happening to the chinese economy, it doesn't look so great. we have concerns that the authorities are allowing the currency to depreciate further. so but kind of looking for a strength of the u.s. to lead us forward but at the moment that's not being reflected in the markets. >> lauren: investors are looking for safe havens today, are they finding that in gold or japanese yen? >> peter: i think that's going to be the key problem. so yen makes a little bit of bounce, not a great place to be. the dollar is a good as place as any at a time like this.
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gold, possibly, the safe heaive is being swamped by the collapse in fundamental demand. again, it's probably not a great place to be for anything more than a few days. >> nicole: peter you mentioned the u.s., everybody leads the u.s. to lead the whole world and at the meantime you have the fed raise rates. do you think they're going to continue to raise rates with all of the wild cards here? >> i think they probably will. the primary reason is the economy is in reasonable, reasonable shape, pretty good shape actually and interest rates are still set according to emergency settings in 2008-2009. but obviously they are very cautious and if there's indication that the u.s. economy is going to feel the fallout in asia, that prompts a little bit of inactivity.
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>> nicole: all right, peter dixon at commerce bank. we thank you very much. >> lauren: tensions in saudi arabia and iran, tehran with underground missile shows weapons that can take on a nuclear war head. now, back in october the count released a video showing another underground missile depo. >> nicole: house is set to repeal president obama law and defuncts planned parenthood. >> i fully anticipate the president will veto this. we want to put bills on his desk that say and we will have a veto
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overwrite, this is the first time we get a bill going after healthcare and planned parenthood. >> lauren: president obama unveiling a 10-point gun control plan. the president wiping tiers yesterday, that was three years ago. >> every time i think about those kids it gets me mad. and by the way, it happens on the streets of chicago every day. [applause] >> lauren: a look right now at how stocks are doing right now.
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900%, shares have rallied more than 950%. you think of it this way, a hundred thousand dollars invested when president obama took office back in 2009 would be worth more than $1 million, nicole. >> nicole: pretty amazing. >> lauren: yeah. >> nicole: donald trump raising question of canadian birth of his rival ted cruz. in response the texas senator tweeted a scene from happy days and implied trump had jump it had shark. >> i tweeted out a response to donald trump's raising questions about my natural-born citizenship, it was a link and i think i'm going to let my response stick. laugh it on and move on to the issues that matter, to move on to the issues that matter.
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>> nicole: cruz renounced canadian citizenship after election to u.s. senate in 2012. tune in the republican debate on january 14, trish regan and sandra smith and 6:00 p.m. eastern time maria bartiromo and niel cavuto. that will all be right here in the fox business network. >> lauren: big night. let's get you caught up on the global market action. in asia stocks mostly lower. the shanghai the bright spot and a quarter percent, but the nikkei, hang seng, kospi all down reacting to what was going on in north korea. >> nicole: let's see what europe is doing. all three of the major averages 1% each. all with red. >> lauren: not a good way to start the year. u.s. stock market futures significantly lower.
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dow jones down by 179 points and you have declines of more than 1% for the s&p and the nasdaq as well. >> nicole: let's see the reaction in commodities now. you have the safe haven of gold, there's oil 35.26, that's down 71 cents and worth mentioning that lowest level since 2004. >> lauren: how is the overall economy doing, we will get more insight into the fed's plan to race interest rates further this year gending on how the economy is doing. today the minutes for that meeting are going to be released. the market is only expecting two interest rate hikes. >> nicole: everybody is going to be watching for that. well, coming up. >> over eight months cameras capture what athletes call the
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dark side t secret world of doping. >> nicole: controversial documentary on sports doping. we will have the latest on that story. baseball writers reveal who goes into the hall of fame today, the new york knicks almost blue a big lead but hung on the win. we have to check in on u.s. stock market futures. they have been relatively with the news of north korea. we have all down arrows. dow futures 181, s&p futures down 24. 1.2%. you're -- you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪ you show up. you stay up. you listen. you laugh.
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>> lauren: breaking news from
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north korea, claim to go detonate a hydrogen bomb. stocks there mostly to the downside. shanghai, however, with a green arrow up two and a quarter percent. nikkei down 1%, hang seng down 1% and the kospi also lower, nicole. >> nicole: let's look at the european markets. they're all down roughly 1% each. >> lauren: 1% decline right here at home in the u.s. dow futures down 187 points, s&p 25, nasdaq down 61 and a half. >> nicole: checking commodities. four bucks a penny, oil pulling back down 74 cents at 35-23, that's down two percentage points. >> lauren: two major league players are suing al jazeera,
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several other professionals athletes received sipments of performing enhancing drugs. >> al jazeera is looking away a box of drugs banned in sports. we just bought them from medical professionals and say they work with top-level athletes. >> lauren: main source is pharmaceutical. >> nicole: now let's take a look more on the world of sports. the world will be focused on cooperstown today. mariners ken griffin, jr., expected to be elected and tim
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rains also possible. new york knicks beat atlanta hawks last night for the second time. the knicks almost lost a 16-point lead. they also lead the hawks sunday. two points in the final minutes before josé calderón scored on a drive with 18 seconds remaining. a thriller in dallas light now. williams hit a three pointer and dallas mavericks beat sacramento kings, mavericks scored the last eight points after falling behind 116-109 with 20 left in the second overtime. it was their 22nd consecutive home victory over the kings. >> and coming up a major escalation from one of the world's most isolate states.
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we will have the latest reaction. that news rattling markets overnight. as you are doing sports, nicole, dow futures down more than 200 points right now and you have big declines for s&p and nasdaq. from the campaign trial donald trump takes aim at ted cruz's citizenship and cruz responds. >> i tweeted to donald trump's raising questions regarding my natural-born citizenship. >> lauren: we will have the latest there. you're watching fbn:am, first look at morning markets and breaking news. keep it right here this wednesday morning.
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>> lauren: breaking news this morning, major escalation, nuclear threat north korea, it has detonated bomb. good morning, i'm lauren simonetti. >> nicole: good morning, everybody, i'm nicole petallides. the news of north korea rattling stock markets. we just took a down in the last ten minutes. dow futures down 202 points. s&p down 27. >> lauren: congress said to vote to repeal president obama's repeal law. >> nicole: donald trump taking a ted cruz's citizenship as a political issue. >> lauren: apple scales back orders of iphones rattling the apple universe as suppliers brace for lower sales. >> nicole: twitter is considering expanding beyond the 141 characters.
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>> lauren: baseball writers determine who goes in the hall of fame today. new york knicks almost blew a lead. welcome to fbn:am, first look at what's moving in the latest markets and what to expect on the day ahead. >> nicole: north korea has successfully tested a bomb. un security council is plan to go hold an emergency meeting this morning. the north is already under heavy un sanctions for its missile and nuclear tests. we spoke to gordon chang, the author of nuclear showdown earlier in the show. >> i'm actually more more concerned about an atopic device if they missile, kno8, which the
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pentagon believes can hit the northern part of the west coast, that's a much more immediate threat to us than a thermo nuclear h-bomb device. >> nicole: we condemn any violation of un security council resolutions and, again, call on north korea to abide by international obligation and commitments. >> lauren: more losses in asia today on news of the nuclear detonation claimed by north korea. let's get a closer look at the asian markets. we say good morning to you, tracy. >> tracy: asian markets are mostly lower, composite gained 2.2% led by coal and steel producers and companies have come out that their major shareholders will retain stakes
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even after the sales ban expires on friday. in hong kong shares went in a different direction. hang sang is down. 1% after r&b hit a 5-year low against the greenback. nikkei down about 1% as stronger yen and oil companies slumped as oil prices broke their key support levels. over in to the korea, kospi nuclear test, the kospi lost about a quarter of a percent mostly on china-related shares. back to you. >> lauren: surprised it wasn't more for the kospi. thanks so much. >> nicole: let's get you caught up on the global market action. you do see the jitters here. we are seeing accelerated selling. the ftse, cac, dax are down one and a quarter percent. worst of the bunch is cac 1.4%. >> lauren: we are picking a different what are intoa of the world to be concerned about. this is how u.s. stock market
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futures are responding. dow futures are down 200 points, nasdaq almost down 72 points right now. >> nicole: we are down 1.5% in the dow. you have the down arrows this morning. tough start to 2016. oil 34.93. we are getting near lows. lowest since 2004, safe haven of gold accelerates. lowr lowr house is set to repeal president obama's law and deplaned parenthood. >> we want to put bills in his desk and he will veto, then we will have a veto overwrite vote later in the month. this is the first time that we have been able to get a bill in his desk.
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>> nicole: donald trump raising questions about the canadian birth of his rival ted cruz saying his citizenship may be a problem. trump had jump it had shark. >> i tweeted out a response to donald trump's raising questions about my natural-born citizenship, it was a link to fonzi jumping the shark and i think i'm going to let my response stick can that tweet. laugh it on and to move on to the issues that matter. to move on to the issues that matter. >> nicole: happy days and fonzi, who knew they went together. renounced his canadian citizenship after election to the u.s. senate in 2012.
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make sure you tune in to fox business republican debate, that'll be thursday january 14th, trish regan and sandra smith, they kickoff the first debate and then join maria bartiromo and niel cavuto for the second debate. >> lauren: late night for us, nicole. coming up, everybody, you might be in luck. how does ten thousand characters sound? that's a lot to read. apple is scaling orders for iphones sending shock waves. let's show you u.s. stock market this morning. dow futures now down 225 points, low of the session, s&p 500 futures down almost 30, nasdaq giving 74. you're watching fbn:am, first look at morning markets and breaking news. keep it right here.
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two weeks later, terrorists struck again in san bernardino... and where was marco? fundraising again in new orleans. over the last 3 years, rubio has missed important national security hearings and missed more total votes than any other senator. politics first: that's the rubio way. right to rise usa is responsible for the content of this message. >> nicole: let's take a look at u.s. stock index futures. that's one and a quarter percent. s&p is even worse. down 28 points at one and a half percent. obviously concerns about north korea this morning. >> lauren: a stock to watch is
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apple, that's getting a lot of attention from the multibillion dollar industry that supplies and builds apple's phones. after a big sale, apple would struggle to increase demand of the flagship product. in premarket trading take a look at apple shares, 99.83, 99.85 apple closed at 102.71. >> nicole: twitter has been known for 140-word limit on the messages, that could all be changing. there are report that is the character for tweets could grow to ten thousand. twitter ceo dorsey hinted that the service may soon raise the word limit, so good for those who are frustrated at 14 characters. >> lauren: then it's just like face look. no need to go to the grocery, you're able to pay from your
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very own refrigerator. the service on the mastercard app will be available in the market, fridge is expected to be out in the spring but pricing has not yet been announced. >> nicole: that's crazy. i was happy when i had automatic ice maker. there were cool items to be seen at the consuminger -- consumer electronic show. there's a head band design today help deal with hair as well as smart wheel to help people with distracted driving and there was a toy caterpillar that will help basics of coding and programming a computer. wow. our own liz claman will be live.
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>> lauren: major escalation from one of the world's most dangerous states, detonated a hydrogen bomb. the news rattling markets overnight and in the u.s. shaping up to be an ugly day. 223 points and from the campaign trail donald trump taking ted cruz's citizenship, ted cruz responds. we will have the latest there. you're watching fbn:am, first look at morning markets and breaking news. send us a tweet. feel a cold coming on? new zicam cold remedy nasal swabs shorten colds with a snap,
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>> nicole: breaking news this morning. major escalation, nuclear threat from north korea, it has detonated a hydrogen bomb. we will have the latest on the story and the reaction. good morning, i'm nicole petallides. >> lauren: good morning, i'm lauren simonetti.
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the news from north korea rattling stock markets overnight. 219 points, s&p 28, nasdaq giving 71. >> nicole: congress is said to repeal president obama's healthcare law and planned parenthood. >> lauren: donald trump taking ted cruz's citizenship. >> nicole: suppliers brace for lower sales. >> lauren: twitter considering expanding way beyond 140 characters, we will have the details. >> nicole: who goes in the fall of fame today and new york knicks almost blew a big lead but hung on. you're watching fbn:am, first look at what's moving in today's markets and what to expect on the day ahead. >> lauren: let's get started. north carolina claiming that it
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has successfully tested a hydrogen bomb. the un security council is plan to go hold an emergency meeting later this morning. the north is already under heavy un sanctions for its missile and nuclear test. pyonying had previously conducted test missiles. we condemn any violation of un security resolutions and calling north korea to abide by international obligations and commitments. joining us now dr. bruce, north korea nuclear expert, professional at angela state university and the author of north korea of national security. good morning to you, thank you for joining us. >> good morning, thank you for having me. >> lauren: the fear is the capabilities of north korea and ability to get a missile right
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here to the united states. >> i think those are legitimate fears. we saw from commanders last year that north koreans have the icbm with the capability to hit the united states but not only do that have that it's on a launcher, it can be moved and which means it's harder for us to take out before they launch it. now when we see conducting what at least appears to be a successful nuclear test of a weapon that is a giant step forward for them, when you can find that nuclear war head with the missile, it's certainly that has the potential to be a legitimate threat to the united states. >> nicole: this is frightening to whear what you're saying, a missile can hit the u.s. and can move undetected.
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who steps in now, the white house, un? twha are the repercussions for north korea? >> i think they are going to be extremely negative. they must find it important to continue with the nuclear program despite repercussions, the talks are going to end between south korea and north korea. south korea is going to cut off aid, japan is going to cut off any type of aid and any type of reaching out to north koreans that are living in japan and, of course, the united states is likely to increase sanctions that are already in existence. so that means the north koreans made the conscious decision to make thistist, which tells me they're probably thinking of proliferating this to iran for not millions but billions of dollars and also probably testing this weapon that we saw today so that it can be placed in a war head on a missile that has icbm capability and, of course, that means the capability to hit the united states.
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>> do we know dr. bechtol if iran was present during the testing? >> that's a very good question. that's something we don't know yet, there's been no information on it. as you probably know, in 2013 the iranians were present, the highest ranking nuclear specialist who overseas their entire enriched uranium program was present at the test, we have seen nothing in present reports or other reports that iranians were present but essential possibly and we may see that in coming days. >> nicole: we talk about hydrogen bomb and atomic bomb, what are we missing here? what else should we be focusing on? >> the last three tests and
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people measure hydrogen tests in terms of mega tons. they're making a giant step in nuclear capability, if this is true and of course we have no confirmation of that yet. it's important to know that a nuclear weapon does them no good if they can't place it on a missile. it'll be important for you and me to watch about what the pentagon says about the test, whether they have the caiment to put this powerful weapon on top of a missile in the term of a war head. >> lauren: thank you so much for joining us. >> nicole: he mentioned kilotons to mega tons. let's get you caught up on what we are seeing. all down arrows for nikkei and hang seng. the kospi is also lower. >> lauren: those are the jitters in the nearby region and here
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are the jitters in europe. >> nicole: let's check out u.s. stock market futures, we are waiting on job's report on friday but the news right now north korea news and we are seeing the reaction, dow futures down 213 points, that's one and a quarter percent. s&p down 27, nasdaq down 67. one and a half percent move. >> lauren: nervous investors buying gold today. crude continues to sell off. it did moments ago. right now crude is $35 a barrel. >> nicole: tensions between saudi arabia and iran remains high. showing weapons that the u.s. says can take a nuclear war head. this also comes as washington plans to dismantle all sanctions on iran under a break throw nuclear agreement.
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iran president ordered the military to expand the missile program. >> lauren: house is set to repeal president obama's law. first time bill to repeal to get to the president's desk. >> we want to put bills in his desk that say who we are versus what he believe and he will veto and then we will have a veto over write in the month. this is the first time putting a bill going after obamacare and planned parenthood. >> nicole: welcoming up we have much more. >> over eight months our hidden
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cameras catch what athletes call the dark side t secret world of doping. >> nicole: al jazeera documentary on sports doping with legal fire. the new york knicks almost blew a big lead. okay, they hung on to the win. let's check u.s. stock market futures, all down arrows. dow futures 211, s&p down 27, nasdaq down 68. weseeing selling across the board. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪
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>> lauren: big news from north korea affecting stock markets worldwide. this is how the u.s. is shaping up this morning. s&p futures down 28, nasdaq down 68. >> nicole: two major league baseball players are suing the al jazeera network, reported that washington national howard and several other professional athletes received shipments of performing enhancing drugs. >> al jazeera is locking away a box of drugs banned in sport. we just bought them from medical professionals. they say they work for top-level athletes. >> nicole: main source charlie
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sly has recanted the story used in the investigation. >> lauren: all right, let's take a look at more in the world of sports, the baseball world will un tatmes ted to the hall of fame this afternoon. seattle's ken griffin, jr. expected to be announced with mike piaza of the mets, tim reins also in the running. new york knicks beat atlanta hawks. they hung onto beat atlanta 107- 101. >> nicole: coming up we will run down global market action, we have a lot of news out of north
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korea, mornings with maria is next. right now dow futures down 227 points, you're watching fbn:am.
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>> a lot of people are buying indexes, nasdaq, how would you describe it? >> i wouldn't buy any index right now. certainly not in the u.s. while this so-called stocks, facebook, amazon, netflix, google, that the market has more downside risk than people perceive. >> nicole: founder there mark fober. we are seeing down arrows. dow futures down 233 points. that's 1.3%. s&p futures down nearly 30 on
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the heels of all the news that we are seeing out of north korea this morning. coming up next right now sandra smith and mornings with maria, good morning, sandra. >> sandra: good morning to you, nicole, big morning. good morning, i'm sandra smith, maria bartiromo has the morning off. is it tuesday -- it's wednesday? >> dagen: it's wednesday. >> sandra: with me anthony scaramucci. north korea says it has successfully tested a hydrogen bomb. the move will likely reignite tensions with china and the u.s. the test was a quote act of self-defense. the test has not been confirmed. experts say it is unlikely but around the time the alleged test took place a 5.1 magnitude
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earthquake was felt. the state department says it is aware of the activity and is monitoring the situation. we have the expert analysis on that coming up. global markets are under pressure again this morning on the news of that and ongoing concerns and pressures in china. asian stocks were mostly overnight but the shanghai composite pose a gain about 2%. major averages in europe. lower across the board. you're looking at the ftse in london one and a half percent, one and a half percent losses across the board. u.s. futures and how things are shaping up back home as we work our way to the opening dow. dow futures sinking 235 points. this selling continues. we are seeing big moves in commodities this morning. you're looking at crude at $35 a barrel. off nearly 3% already in the

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