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tv   FBN AM  FOX Business  May 27, 2016 5:00am-6:01am EDT

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lauren: breaking news this morning. historic and controversial moment as president obama becomes the first sitting u.s. president to visit hiroshima. the president will not apologize for the bombing. nicole: prepares to remember and honor troops that sacrificed for the country. we will get you set for the memorial weekend. lauren: not today, we are going to get the latest read on how fast or slow the economy is growing and we are going to hear from fed chair i don't mean janet yellen on the economy.
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nicole: let's check out u.s. stock market futures ahead of the opening bell. dow up nearly 2% this week. this moment not to bad. nasdaq is up about 5 points. lauren: in asia japanese stock edged about a third of 1%. in china, however, the arrow down fractionally. nicole: the driver of stocks oil prices, oil above $50 a barrel for the first time since october. right now 49.01. lauren: donald trump lays out vision. >> u.s. policy and it's a lot different than president obama obama's. nicole: warriors and thunder face off for a game five. we will tell you who is in and who is out coming up in sports. lauren: it's friday, 5:01 in new
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york. may 27th, long weekends plan, markets closed on monday. welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. nicole: breaking news this morning, president obama in hisroshima, jaip to visit, remember the victims of the atom ic bomb, 140,000 people were killed by that bomb. president obama spoke just a moments ago. >> their souls speak to us and what we might have become. nicole: president obama did not apologize for the bombing and sot critics say that could allow japan to stick knot the narrative that painted as a victim. china and south korea say japan
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is not a victim. laurp lawyer now to the race to the white house. donald trump winning the number of delegates need today clinch the republican presidential nomination, the associated press has confirmed. trump hit the magic number after a nationwide survey of unbound delegates. he held a big rally in montana last night. >> it's going to be a big wall, a beautiful day. one day when i'm gone-so, maybe they'll name it after me. i don't want a wall named after me, that's okay. i want a statute in washington, d.c. >> maybe share it with jefferson or something. lauren: coal, natural gas and
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other sources to push the nation toward energy-dependence and pull the u.s. and approve keystone pipeline. nicole: bernie sanders narrowing the gap with hillary clinton in california. a new poll by the public policy of institute shows clinton leading by just 2%, 46 to 44. that is within the margin of error. california is holding its primary on june 7th. same organization showed clinton leading by 7%. sanders on jimmy kimmel live. >> turns out that every single national poll and every single state poll bernie sanders does often a lot better against donald trump than does hillary clinton. i think if the democrats want the candidate who is most likely to defeat trump and beat him badly, i think you're looking at the guy. [cheers and applause]
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nicole: well n that interview, kimmel asked him about a potential debate with donald trump and sanders raised the prospect of the event saying, quote, you made it possible for us to have a very interesting debate. lauren: all right, hillary clinton defending her use of private e-mail account saying her actions we are permissible, this comes after result of state inspector said clinton ignored clear guidance that e-mail broke federal standards. >> this report makes clear that personal e-mail use was the practice for other secretaries of states, but it was still a mistake and as i said many times fi could go back, i would do it differently. lauren: clinton also said voters will be looking at the full picture of what she has to offer, life, as well as her service. nicole: egyptian officials detected emergency signal.
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it could help them locate on the floor of the mediterranean sea. authorities say the search zone has now been narrowed to a radius about 3 miles, the plane traveling from paris to cairo with 66 people on board crashed in the mediterranean sea last week. lauren: u.s. health officials report the first case in the united states of a patient with an in-- a patient-resistant bacteria, it was discovered in the u.s. as urinary tract infection. superbug could be potential danger for routine infections if it does spread. >> as we head to holiday weekend, janet yellen may move markets this afternoon. bond market in trading volume could be light as investors do
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head out of town, but this afternoon just 45 minutes before the bomb market closes for three days, janet yellen is to speak at the event in massachusetts, investors will be listening closely. former chairman told niel cavuto that fundamentals must be fixed. >> entitlements are crowding out savings and hence capital investment, capital investment is a critical issue in productivity growth and productivity growth in turn is a crucial issue in economic growth. so we are running at the end of the of this spoird to a state of disaster unless we turn it around. nicole: alan green also said that the what the fed does at this particular stage is less important than what markets are doing. lauren: before the market opens, we get the second estimate of the first quarter gdp.
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the number has been revised upward in each of the previous three quarters. gdp came at a meeger half of a percent growth, higher than .9% growth. nicole: let's get you caught up on the ga, nikkei in japan up one-third of 1% and south korea cas pi up more than half percent. lauren: dax in germany down 22 points. nicole: right here at home as we await to here from janet yellen today, we have a winning week almost 2% this week. right now dow futures unchanged. s&p just up slightly and we saw the same for the nasdaq. lauren: look at oil, crossed for the first time, $48, 97 cents a
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barrel. gold is up just a bit to 12.34 an ounce. nicole: campaign for higher minimum wage, our own jeff flock reports. jeff: lauren and nicole, quite a week for mcdonalds, two straight days of protests one in flagship store in chicago and one in shareholders' meeting, people coming by the thousands from all around the country to make the case for $15 as a wage for mcdonalds worker also saying that they don't believe that the higher minimum wage would cost jobs. >> if they were going to replace us for automation for more profit, they would have done it already. jeff: also the other side of the story, a shareholder's group says mcdonalds has been too easy
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on the workers and done too much -- >> stop giving the liberal activists an inch. too much corporate america bends to the left and gets them no where. jeff: stock is up and sales are up. i guess people would say that's a good time to ask for a raise. lauren, nicole, back to you. nicole: despite the protests mcdonalds shares have been hitting all-time highs, up 25% in the past year. lauren: a federal jury found that google's use of oracle's java software did not violate law. verdict is six-year development of copyrights, oracle says it
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will appeal the decision. nicole: 4,000-mile under sea cable from virginia to spain, latest of about cable being built by tech companies to deal with the increasing demand for bandwidth. demand for bandwidth has switched to companies to providers. lauren: that's really cool. oil traders are moms and millennials, for some individual investors crude oil is the new hot trade. fell at the lowest level back in february but surged about 90% since then. sponsorship afl brazil faces shrinking academy. dollar store has shine in retail. dollar general and dollar tree reporting sales growth and higher traffic with plans to
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expand. nicole: well, coming up memorial day weekend and, of course, time to remember our troops that served and sacrificed for our country. also the unofficial start of summer. up best, the business in memorial day. >> gas prices are currently 48 cents lower at the same time a year ago. lowest summer prices since 2005. that's inspired a lot of people to, in fact, take a road trip. nicole: 89% of you will be driving. weekend weather forecast. fox meteorologist maria molina in the middle of that, live report for you. you're watching fbn:am, first look at morning markets and breaking news.
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nubbing nick good morning, it's 5:15 a.m. in new york. president obama is in hiroshima, japan, first sitting president to visit the site of the atomic bomb. and donald trump's first in-depth speech about policy lays out a simple formula, star drilling a lot for oil and gas, speech came after trump secured enough delegates to secure the nomination. before they leave for long holiday weekend, the investors
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will have the estimate and also a speech by the fed chair, janet yellen to think about. that's worth noting. after a winning week thus far, one more trading day. stocks are looking mixed this morning. s&p down fractionally and nasdaq up about 4. that is what's happening now, lauren. lauren: it's time to remember the troops who served and sacrificed for our country but it's also the unofficial start to summer and that means consumers are spending money. >> break out and fire up the barbecue the unofficial start to summer is here. >> memorial day is the start of the season and it's a big weekend where people are enjoying hot dogs on the grill and enjoying outside weather for a change. lauren: national hot dog and sausage council, people will eat about 2 million hot dogs this weekend. 28million americans will plan to
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go somewhere this weekend. $12billion on trips, 300 bucks each. memorial day travel is going to seem busier than ever this year specially with tsa backup that we are seeing. biggest advice to get to the airport three hours early. lauren: that could be why most american wills drive. hotels where you can easy i will go in orbits and promow codes and take advantage for a short weekend get away that's not going to cost you a lot of money. >> gas prices are 48 cents lower same time a year ago. oh so that's inspired a lot of people to, in fact, take a road trip. lauren: memorial day weekend is time to go shopping, deal experts say you'll find the best deals with appliances, spring clothing.
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take a look at this chart, the average price of gas this memorial will be 2.31 a gallon. the highest price on mem memorial day was back in 2014 when it was 3.66 and i couldn't tell you that since then americans are expected to safe $160 billion. nicole: happy describing. louisiana the first state to make violence against police a hate crime. governor edwards, the son of a sheriff signed the bill in law yesterday. the blue lives matter bill, protections and increased penalty under louisiana hate crimes law. it now includes police officers, firefighters and first responders that become targeted as victims due to their profession. lauren: coming up nba playoffs head up as thunders and warriors in crucial game five. find out if warriors were able to hang on.
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in stanley cup we will tell you who is in and who is out. >> feldenkrais. >> correct. [cheers and applause] >> a nail biter in the national spelling bee. we are going to have the winners for you. right now you're watching fbn:am, good morning markets. keep it here.
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pretty much a good day for me would be people leaving their hands off of me. i'm always called names. um, everywhere that i go there's always someone calling me names, calling me gay. i've been choked. thrown up against a wall. punched. nobody's ever tried to help me.
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>> feldenkrais. >> that's correct. [cheers and applause] >> gesellschaft. >> that is correct. [cheers and applause] >> i wonder if they know what the words mean. 13-year-old declared champions after roller coaster trophy and received prize and cash. nicole: amazing ability. good sportsmanship. now, let's take a look at the latest on the world of sports. in the nba werches conference
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finals headed to oklahoma city, the warriors stave off elimination. klay thompson, the thunder will have another chance to close out the series at home tomorrow night. and in hockey, stanley cup finals are set, penguins took out the tampa bay lighting in game 7 with a 2-1 victory. bryan scored two goals in the second series to help the penguins lift the trophy. face the san josé of game one of stanley cup finals. and the 100th running of the indianapolis 500 with a sellout. the memorial weekend classic does not give up exact numbers. about 250,000 while 70,000 infield general admission tickets are also sold.
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this is the first time in at least 20 years that the race has sold out. the indy 500 begins on sunday at noon. lauren: all right, let's get you caught up on global market action overnight. nikkei in japan rising today. it was up .4%. hang seng and hong kong .9%. the kospi up .6% and the shanghai down just fractionally. nicole: dax in germany down about two tenths of 1%. same with france, cac quarante, down about two tenths of 1%. lauren: let's do weather right now. tornadoes ripping through kansas. we have maria molina in abeline, kansas. hi, maria. maria: hi, good morning, on
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wednesday we had a tornado rip through this area in kansas, this is an area just to the east of selina, kansas. maximum peak winds of 100 miles per hour. take a look at the scene behind me. you can see complete destruction and this was very sturdy, you had concrete blocks, you had brick structure out here and completely destroyed. we have seen to many belongs that belong to the families across the region and really heartbreaking and now they are left to pick up the pieces but yesterday we had to deal with another round of severe weather with heavy rain rolling through. we had severe thunderstorm in effect and torpid that possibly touched down just to the northeast of our location yesterday and national weather service crews will be heading out and determining whether
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that, indeed, was a tornado touchdown, so they will be confirming that and estimating the strength of peak winds. today we are expecting more round of severe storms, lagger hail, the threat today is lower, but the threat wasn't as high as yesterday when the tornado that ripped through this area on wednesday moved through. that's something to keep in mind again. we do have a threat yet again today for more severe storms and the possibility of severe weather across portions of kansas and extending parts of oklahoma and into texas. make sure to stay safe out there. flash flooding as storms create heavy rains across the area and take a look here, you can see that we have puddles out here and we had floodings in portions of kansas because of the storms rolling through this region. so stay safe there out again. lauren: you too. maria: let's head over to you. lauren: maria, thank you, we
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nicole: breaking news this morning. a historic moment and controversial moment as president obama becomes the first sitting u.s. president to visit hiroshima, the site of the nuclear war. the president is not apologizing for the bombing. lauren: hi, i'm lauren simonetti. the nation prepares to honor our troops who served and sacrificed for our country. whether he get you set up for the long memorial weekend ahead. nicole: this is the friday before memorial day and usually quiet on wall street, maybe not today because we will get how the economy is growing and hear from janet yellen with her views on the economy. lauren: ahead of all of that, let's check futures this morning, winning markets for stocks, dow 2% on the week. first up week in five but today cautious trading.
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nasdaq futures up by 6 points. nicole: in asia japanese stock edge about a third of a percent higher and in china shanghai composite fractionally. lauren: oil did cross 50 bucks a barrel for the first time since october. right now pulling back down 1.1% as $48 and 58 cents a barrel. nicole: speaking of oil, donald trump lays vision for policy and a lot of different from president obama. trump clinching gop nomination. lauren: thunders and warriors face off in crucial game five and in hockey we will tell you who is in and who is out. nicole: it is friday may 27th. welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lauren: breaking news this morning, president obama is in
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hiroshima, japan, becoming the first u.s. sitting president to visit. the president later reads to remember the victims of the atomic bomb about 140,000 people were killed by that back in 1945. president obama spoke moments ago. >> their souls speak to us. they ask us to look inward, take stock of who we are and what might become. lauren: but the president did not apology for the bombing and some critics say that could allow japan to sit as narrative that paints it as a victim. japan is not a victim. after his weak-long trip to asia the president schedule today return to washington later today. nicole: well, now on to the race to the white house. donald trump winning the number of delegates to clinch the republican nomination, the
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associated press has confirmed donald trump hit that magic number of 1,237 after a nationwide survey of unbound delegates. he held a big rally in montana last night. >> it's going to be a big wall, it's going to be a beautiful wall. some day when i'm gonso, maybe they will name it after trump. i would really much have a statute in washington, d.c. i don't want a wall named after me but that's okay. i want a statute in washington, d.c. maybe share it with jefferson or something. nicole: donald trump also unveiled his energy plan in north dakota and would unleash production of oil, coal and natural gas and other sources to push the nation toward energy dependence and would pull the united states out of global accord and move to pipeline. lauren: bernie sanders narrowing
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gap to hillary clinton in california. shows clinton leading by just 2%, 46 to 44. that's within the margin of error. california is holding primary on june 7th, an important day, a march poll by the same organization showed clinton leading by 7% then. sanders on jimmy kimmel live last night. listen. >> turns out that in virtually every single national poll and in every single state poll bernie sanders does often a lot better against donald trump than does hillary clinton, i think if the democrats want the candidate who is most likely to defeat trump and beat him badly, i think you're looking at the guy. [cheers and applause] lauren: in that interview, kimmel asked sanders about a potential debate with donald trump and sanders raise it had prospect of the event saying, quote, you made it possible for us to have a very interesting debate. nicole: trump said they would do it if they do it for charity.
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hillary clinton defending of private use of e-mail account saying it's permissible after general said clinton ignored clear guidance that her e-mail setup broke federal standards. >> the report makes clear that personal e-mail use was the practice for other secondraries -- secretaries of state but it was still a mistake and i said many times, if i could go back, i would do it differently. nicole: clinton says voters are going to be looking at the full picture of what she has to offer, her life and her service. lauren: egyptian officials say search teams detected an emergency signal from the wreckage of egypt air 804 and that could help them locate the lodge, narrow today a radius of 3 miles. the plane was traveling with 66 people on board and crashed into
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the mediterranean sea last week. nicole: u.s. house officials report the first case in the country of a patient with resistant to all antibiotics. superbug identified in china, europe, it was discovered in the u.s. as a urinary tract infection of a 49-year-old who did not travel within the prior five months. there's concern that the superbug could be serious danger for routine infeks if it spreads. lauren: fed chair janet yellen may actually move some markets. trading volume should be light as investors head out of town early. 45 minutes before the bond market will close, for three days, yellen is due to speak at an event in massachusetts. any clues of interest rates, when they will go up.
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former fed chair told niel cavuto that some economic fundamentals must be fixed. >> entitlements are crowding out savings and hence capital investment, capital investment is a critical issue in productivity growth and productivity growth in turn is the crucial issue in economic growth. so we are running at the end of this story to the state of disaster unless we turn it around. lauren: what the fed does at this particular sage is less important than what the markets are doing. nicole: this morning before the market opens we get the second estimate of the first quartered gdp. the number has been revised upward in each of the previous three quarters. the first quarter the gdp number was one half of 1%. that's expected to be revised up to nine tenths of 1%. lawyer all right, let's do a market check.
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everything was up except shanghai composite, down fraction. hang seng and hong kong got .9% and kospi in south korea up .6%. nicole: both up about a tenth of a percent and the cac is squeezing out a gain in france. lauren: cautious trading ahead of janet yellen, ahead of that report in first-quarter gdp. this winning week they are almost up 2%. nasdaq futures up 10 points, almost 3% this week and the s&p futures tacking on two points. >> nicole: let's check out mod his. gold up just 30 cents at 12.23 a troy ounce. lauren: software did not violate law. claimed that google stole java
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program language to create operating android system. oracle said it would appeal the decision. nicole: microsoft will build 4,000 undermile sea cable to virginia from spain. cables being built by tech companies to deal with increasing demand for bandwidth. past five years that we see demand that has been growing, has shifted from traditional telecom companies to large content providers. lauren: let's look at stocks. after the advance company tanking in after hours. those shares rallying in extending. wall street estimates for the quarter.
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surging 6 and a half her cents after hours. video game retailer posted better than expected earnings but reported sharply sales than last year. so one up and two down today. nicole: well, coming up for those looking for a thrill ride this weekend, you may want to check out this new ride. joker. scheme -- [screams] >> take a look at the big business of theme parts, a keen eye on weather and tornadoes in kansas as well as oil, we are watching that at 49 bucks and change. here are some of the things we are keeping an eye for you. right here friday morning and gdp and janet yellen. all right. keep it right here, dow futures are up 20. the best we have seen in ten weeks.
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lauren: welcome back, it's 5:45 a.m. right here in new york. happy friday to you. let's get you caught up on what's happening now. president obama is in hiroshima, japan, first sitting commander in chief to visit the site of the first use of the atomic bomb. the president later reads at the monument that marks the site of nuclear ground zero. donald trump layed out simple formula, start drilling a lot more for oil and gas, the speech came up after trump's secured delegates to secure nomination. before they leave for the long holiday weekend, investors will have the second estimate of
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first-quarter gdp and fed janet yellen to think about. checking in on u.s. stock market futures, dow futures up 19 points, s&p futures up 2. nasdaq futures gaining 10. nicole, that's a look at what is happening now. nicole: thanks, lauren, following a week of destruction from tornadoes ripping through kansas, maria molina is live in abeline, kansas. maria: crews came out yesterday to survey the damage and estimate how strong the tornado was that ripped through area, was on the ground for an estimated 90 minutes and determined that peek winds were potentially 180 miles an hour. categorizing an ef4 and to give you an idea to what that kind of power can do, take a look at the scene behind me.
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it was a home and completely destroyed. we are talking about concrete blocks here and bricks and a very sturdy structure that was torn down by the tornado. to add insult to injury, you have more severe weather on the way today and yesterday we had to deal with a lot of heavy rain, a lot of debris out here, standing water in them, there are some powerlines still scattered about, not a safe situation out here. people will try to continue to clean up the pieces, like i mention today, we have a threat of more severe storms across the same area and areas across kansas and extending to portions to oklahoma and texas, more tornadoes in police and looking ahead across portions of the eastern u.s., temperatures have been really heating up and across the tropic on june 1st, start of hurricane season and we are seeing activity out there. the national hurricane center
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watching an area of dye tushed weather closely. we will keep an eye on that threat. we will take it over to you. nicole: maria molina, thank you. we will be right back.
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>> sfeldenkrais. >> that's correct. [cheers and applause] >> gaselle, gesellschaft. >> that is correct.
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[cheers and applause] lauren: a type of social relationship. i just looked it up. the national spelling bee ending in a tie for the third year in a row. 13-year-old and 11-year-old nihar declared cochampions after roller coaster finish. each declared trough -- trophy. nicole: congratulations,i enjoyed that. they'll dip into the program before reaching full retirement age. 44% of people question say social security will been their biggest source of income during their retirement years, americans can begin as early as age 62 but with benefits reduced by after 30%. >> take a lock at the world of sports, nba western conference violence headed golden state
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city, klay thompson followed with 27. kevin dur rantpoints but just wasn't enough. the thunder will have another chance to close out series at home tomorrow night. and in hockey, the stanley cup finals are set, the pittsburgh penguins took out tampa bay lighting in game 7 with 2-1 victory. penguins lift the prince of whales. french open, it continues this weekend. williams sisters took victory on the same course. serena and venus scored with the exact same course. the sisters will face a french opponent in the next round. coincidence, i guess it's up for you to decide.
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nicole: i say go u.s. and go williams' sister. joker is making debut at six flag great adventure in jackson, new jersey this weekend for memorial day and our own cheryl casone is testing it out for us. cheryl: nicole and lauren, a 1 # billion dollar industry specially this summer, jobs and revenues expected to guy in the theme-park industry. we are at six flags in new jersey and this is the brand new ride, it's called the joker but no joke, get ready ladies because we are about to take you in a really incredible ride. let's go. so this is about at least the producers, i made her come with me, by the way. we are going to be flipping six different times and i'm not going to look as good as i look right now and here we go. up already. let's see what new jersey has to offer.
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here we go. hang on. hang on. basically you can see all of new jersey from right now. isn't it pretty. [screams] >> it depends on how much you weigh they are going to flip more and alice and i are -- we are going to go up. nicole, you have to bring your kids. nicole, bring your kids on this ride. the boys will love it. it's a really good time, the joker opens this saturday for memorial day weekend. the lines are going to be long but it's going to be worth and it's over before you know it. nicole, lauren, back to you.
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nicole: that was brave. my children always make me sit in the front row of every roller coaster we we have been and i will sign up for the joker and i love it too. lauren: it's like wooden and really creeky, i thought that was scary, imagine that, that was fun. coming down we will run global market action overnight before we hand it over to mornings with maria
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nicole: winning week on wall street. so people like that after five weeks of losses, dow futures up 16. s&p futures gaining 2 and the nasdaq up at this time. we are waiting on gdp numbers as fed chair janet yellen speaking today in question and answer session. we are looking at oil 49.03 a barrel. we did see oil cross 50 bucks yesterday. now we are going to turn it right over to mornings with maria and i say good morning to you sandra smith. sandra: good morning. maria bartiromo is off and will be back tuesday. it is friday may 27th, top
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stories on the east coast. summer travel season kicking off as we speak. millions of americans hitting the roads and skies, we will look at the gas prices and long airport lines will be having on travelers. president obama making a historic visit to hiroshima, spoke briefly, but did he apologize? to the race to the white house, donald trump securing the nomination and democratic rivals sharpening their attacks. >> so we had a big day today. today is the day where we hit the 1237. we are having a good time because we know what's going to happen. we are going to make america great again. >> i'm ready for his fantasy campaign and outrageous things he's going the say. that's not the kind of smart, strong leadership that we need and deserve. >> what i hope will happen is that, in fact, i will run

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