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tv   FBN AM  FOX Business  January 13, 2017 5:00am-6:01am EST

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>> breaking news at this morning. the heat is on the house of representatives. good friday morning. the market is all eyes on the big banks. at the kickoff the key governing season after we removed the rally. looking at the futures of this morning. up 16 points. we did come up with some pressure yesterday. the doubt up 16 points. the japanese stocks rise. the shanghai composite indeed
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slightly both despite big slowdown. >> and bo jackson is considered one the greatest living athletes but now he's saying he wishes he never played football. welcome. the latest breaking news. the house has a plan today on obama care. it is one of the first steps towards dismantling the signature health care law. peter barnes in washington with the latest. >> and they plan to vote today on starting the process of repealing and replacing obama care after the senate took the first step early thursday morning. on a partyline vote. they approved a budget rest which creates an outline for
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the next budget. including my changing policy including healthcare rules. the speaker of the house said yesterday that he is planning on that. i spoke with president-elect trump to the last three days on this. >> is so-called regular order he wants committees to do the work in the house to try to get consensus and support in support behind legislation. replacing obama care may involve more than one bill and we should note they have already voted numerous times on bills to report peel and replace obama care should not include a ton of extra work. >> a top intelligence officials well brief officials on russia's attempt to meddle
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in the u.s. election. he admitted for the first time this week that russia was behind cyber attacks. if you remember they release a report that concluded russian president vladimir putin called for a campaign to help mister trump win the election. james mattis cruising towards likely confirmation for defense secretary. >> the house is excited to devote later today vote later today on a waiver that would allow g become the secretary of defense. that waiver is necessary since u.s. law requires a retired literary officer to be a civilian for at least seven years in order to become secretary of defense. james mattis retired about four years ago. they call general matus the living embodiment of the marine corps motto always faithful. he served 44 years of the marine corps retired in 2013.
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he told the senate armed services committee that the u.s. armed forces must be the best lead equipped and most lethal force in the world ready to stand up to russia if necessary. i think the most important thing is that we recognize the reality of what we deal with with vladimir putin and we recognize he is trying to break the north atlantic alliance and that we take the steps and the alliance steps working with our allies to defend ourselves where we must. >> also capitol hill thursday was representative mike pompeo was been nominated to become director of the cia. member of the senate committee grilled him on several issues. about potentially compromising information the russian
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government may possess about president-elect donald trump. >> i have no doubt that the discourse that has been taking place is something that he would look at and say that was among the objectives i have. to suggest somehow that american democracy was not unique. it appeared before the senate banking committee all three nominees are expected to be confirmed. >> a week before leaving office president obama ending that what foot drive foot policy. the cuban government ailing president obama's decision to and that policy the white house describing the move as a logical extension of the normalization that began in 2014. shocking everyone in the guest of honor he awarded joe biden
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the presidential medal of freedom last night. calls him the best vice president america has ever had. before surprising him with the nation's top civilian honor. i am pleased to award our nation's highest civilian honor he is just the third vice president to ever receive this metal. >> the election ended months ago but the political fallout continues. it is launching a sweeping investigation into the handling of the hillary clinton e-mail probe including james comey controversial decision to discuss the case. democrats including clinton blamed his actions for her
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loss. see make. >> a so-called trump rally has not been kind. the billionaire hedge fund manager lost nearly $1 billion betting incorrectly that stock prices would decline after the election. others fared much better. he anticipated the big market rally that we've seen. let's get you caught up on global market action overnight. shanghai composite down. it was higher by almost a half of 1%. >> let's take a long the uk pound under a lot of pressure. stocks are faring better. you can see the major averages up about half of 1%.
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let's take a look at u.s. stock market futures. they are higher by 18. oil is up two of the last sessions in a row but given back down 23 cents. the has been up for sessions in a row. it's down $3. amazon is going on a massive hiring spree. it says it plans to add hundred thousand new jobs in the next 18 months. president-elect donald trump is seeking taking some credit for that. they urged the tech industry to keep the jobs in production inside the u.s. the president-elect was pleased to have played a role in the decision by amazon.
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>> the home-improvement retailer said it is cutting thousands of jobs november lows. they have lagged behind home depot. home depot has better locations and does more business with the homebuilders and contractors. the epa is accusing the automaker of using software that it's about a hundred 4,000 vehicles. it could cost the company more than $4 billion in fines he denied the charge in the epa has a different way of calibrating and mission control devices. the company's stock opened 5% up in european trading. they agreed to pay for billion dollars in fines and pleaded plead guilty to three felonies. we will see what happens here.
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takada is expected to plead guilty and pay $1 billion to was all -- with resolve. over time and sometimes explode. at least 17 deaths have been linked to those airbags. they've also been accused of manipulating test data. >> this time urging the followers to buy l.l. bean and support one of his campaign backers. this is after an online group called for a boycott. that one of its co-owners gave $30,000 to a group supporting trump's presidential bid. >> is a bowling. me personally the company that did not give it the donation.
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i gave the donation personally to pack to support trump. my cousin gave to obama four years ago and he gave many more times the amount i did. but the point is we should have that privilege. it's a free country. >> summer criticizing them. here is a look at some of the headlines in today's edition of the wall street journal. his merger plans with time warner doesn't come up. executives will remain in custody as oliver schmidt to defraud the u.s. and violating the clean air act as part of the admissions cheating scandal. he is now waiting on trial in michigan.
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apple is planning to build a significant new business and original television shows it can make it bigger. coming up big banks kickoff seasons of this morning. have they gone too far too fast. will ask a fox news contributor gary b smith. ice storms have to the headed to the west across the plains. the governor has already declared a state of emergency. you're watching fbn:am. stay with us. introducing conduent.
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>> welcome back. it's 5:15 a.m. here in new york. the house is set to vote today on repealing obama care. he is urging congress to act quickly. no alternate plan is on the table right now. another investigator is under investigation. the inspector general has launched a probe into how james comey handled investigation into the use of the private e-mail server shows secretary of state. lawmakers have complained that he violated government rules and policies when he issued a public statement and sent messages to congress about
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it. in amazon set it will create more than a hundred thousand jobs in the united states. those jobs will be widespread from software development to warehouse work. it will grow the full-time u.s. workforce by more than 50% over 280,000 in the next 18 months. checking futures we are looking at green this morning. nasdaq is higher by seven and that is what is happening now. see mac earnings season for the big bank stocks kicked off this morning. jp morgan bank of america wells fargo among those that are reporting fourth-quarter results. what can we expect from the group. we're going right over to gary b smith. gary, good morning to you. i am seen that basically seeing that basically year-over-year we are seeing revenue gains and the like what are you ask cap -- expected from this group of banks.
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i always break down the announcement into two parts. what have we done in the past that's a typical how to dig do against estimates and maybe more importantly what they expect in the future. i expect they will have strong earnings. it has been a good time for banks. in particular note especially companies like bank of america that are so heavily entrenched in retail i think they will be very bullish on the future. both with the lending area but maybe more importantly the whole with interest rates going up. they tend to make a bit more money. overall it will be a very positive set of announcements. >> they have led the stock market rally. do you think they've gone too far too fast. that always depends on if you are a trader or investor. i am amazed at the run.
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it's up 34% since the election. the entire sector if you will is up almost 24 percent. since november 9. that's a little bit too much too fast. there had to kill the earnings in order for them to rise much further but i've seen stranger things. i would not want to be up owner. how about the numbers for interest rates because everybody is expecting three hikes this year. march, we will see one. how does it affect your group. >> i think they are going to go up. i was a little bit bearish on the number of rises we were to see laster. for one reason. i still don't think the economy is that good. when we get back to the bank stocks that the only irish case. if the economy is not that
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great and i can do a lot of lending especially if we see even one or two rate rises. there is a potential homeowner there just cannot pull back. that is a little bit of coal in the stocking if you well. if it's better than i think it's going to be in bank stocks could really go crazy. >> thank you gary. coming up bo jackson is considered one of the greatest living athletes but he now said he wishes he never played football. we will have that story coming up. oklahoma declares a state of emergency. in checking u.s. stock market to futures we been seen green this morning. stay with us you're watching fbn:am. your first look at morning markets and breaking news.
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let's take a look at the latest from the world of store sports. rounding the detroit pistons.
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in san antonio they put on a show as the team crushed the lakers 134 to 94. hit 31 points in the game. listen to this. the only new than what he knows now. he became an all-star in baseball and football. he never would have played football if he would know about the head injury risk. in baseball for the kansas city royals. he also became a cultural icon. freezing rain and ice causing major problems against the u.s.
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for the weekend forecast. good morning. across the central u.s. and it's all courtesy of the frontal boundary separating the cold air and the warm springlike air. we've all of this golf moisture writing up and over the cold air. and we have a significant. over parts of the southern plains. and again here is a setup. and the perfect set up here for ice and we could see upwards of an inch of ice on the roads into power lines and the bridges. people need to be taking the precautions very seriously. ice storm warnings here. in the forecast are going to
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be crippling for this area. were talking about half an inch to over an inch of ice on these areas. it's something they could be dealing with for weeks if not months. i cannot stress this enough. one of the most potentially dangerous weather phenomenon is people taking their precautions now. >> it sounds like people need to be ready for this one. the pressure is on. the house of representatives to back the repeal of obama care. well have a preview of all of that. will it live up to the expectations. let's check in on future stock markets. it's before the election for the tao. but today we see those hours.
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you're watching the first look at morning markets and breaking news. fbn:am.
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>> the heat is on in the house of representatives to move to repeal obama care after a vote in the senate. good morning i'm leah gabriel. in the markets all eyes on the big banks. we kick off season this morning. the have of those earnings in the opening belt we are seen green this morning. japanese stocks rising nearly a%. in china they are slightly
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lower in chinese exports. bo jackson is considered one of the greatest living athletes. now he wishes he would never had played football. 5:31 a.m. friday the 13th. the first look at what's moving in today's markets and the latest breaking news. the house is set to vote on a plan targeting obama care. it's one of the first steps towards dismantling the health healthcare law. house republican leaders plan about today about repealing and replacing obama care. the senate took the first step early thursday morning. on the party line vote the senate approved a budget reconciliation fiscal 2018 which creates an outline for the next budget by instructing committees on how to make tax
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and spending targets including by changing policy and healthcare roles. it will repeal and replace obama care essentially simultaneously. the speaker of the house said yesterday that's what he is planning. >> i had spoken with him two times in the last three days. we are in complete sink. the regular order. to try to get consensus and support. replacing obama care may involve more than one bill and we should note that they have already voted numerous times on bills to repeal and replace obama care so it should not include a ton of extra work. >> we will see how this goes today. top intelligence officials well brief house members on the u.s. election.
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it comes after president-elect donald trump admitted for the first time this week that russia was behind cyber attacks. the intelligence community released a report that concluded that russian president let amir putin called for a campaign to help mister trump when the u.s. election. james mattis cruising towards likely confirmation. adam with the details. the house is expected to vote later today on a waiver that would allow general and james mattis to become the secretary of defense. it is necessary since it requires a retired military officer to be a civilian for at least seven years in order to become secretary of defense. he retired about four years ago. donald trump calls him the living embodiment of the supreme court who served 44 when he retired in 2013.
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must be the best lead and least -- lethal force in the world. i think the most important thing is that we recognize the reality of what we deal with and we recognize that he is trying to break the north atlantic alliance and that we take the steps into the alliance steps in working with our allies to defend ourselves where we must. it was representative of mike pompeo who has been nominated to become director of the cia. members of the senate intelligence committee called him on several issues including the recent controversy regarding leaks from intelligence agencies about compromising information
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i have no doubt that the discourse that has been taking place is something that he would look at and say that was among the objectives i have. to suggest somehow that it was not unique. the nominee to become a secretary of housing and urban development appeared before the banking committee. all three nominees are expected to be confirmed. president obama ending the wet foot dry foot policy. they arrived in the u.s. without visas. the white house describing the move. with cuba that began in december of 2014. >> shocking everyone including the guests of honor. they awarded joe biden the
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presidential medal of freedom. he called him the best vice president america has ever had before a surprising him with the nation's top civilian honors. >> i am i'm pleased to award our highest civilian honor it was very touching and he is just the third of vice vice president to receive that honor. the election ended months ago about the political fallout continues this morning. they are announcing that it's launching a sweeping investigation including director james comey const for controversial decision. it is just focus on whether they were not followed. democrats including his
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actions. for her loss. a so-called trump rally has not been client -- kind to clinton backer george soros. he lost nearly $1 billion betting incorrectly that stock prices would decline. the former deputy to the with the market rally that we've seen. we had been seen overnight. two up to down. they were getting .8 percent. the shanghai composite index comes down a quarter of 1%. and let's flip it over and take stocks to europe. everything is green on the board of this morning. it snapped the seven-day winning streak.
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losing the 16 points but today all up arrows once again. this is ahead of earnings reports that j.p. morgan futures. here is a look at oil down by 64 cents. gold is down by $2.1197. >> amazon is going on a massive hiring spray. plants at a hundred thousand new jobs so that will bring its workforce to 280,000. only five years ago it was 30,000. president elect donald trump is taking some credit for this. trump urged the tech industry to keep jobs inside the u.s. and a spokesman said the president-elect was pleased to have played a role in that the decision by amazon.
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>> the home-improvement retailer said it is cutting thousands of jobs. in november its last of the profit because of slower store traffic. largely because home depot has been better locations. and contractors also worth noting that they say there cannot/7% of its u.s. employee base by the fiscal first quarter of this year. first will spike it and now chrysler. using software and that dodged admission roles. they said the software is about a hundred 4,000 vehicles and it could cost them more than $4 billion in fines. the chief executive angrily denied the charges seen that the epa has a different way of calibrating admission controlled devices. the company stock opened up just wednesday they agreed to pay $4 billion and
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guilty to three felonies. and selling and polluting vehicles. the japanese automaker is expected to plead guilty to criminal wrongdoing. to resolve an investigation into its handling of its faulty airbags. it started investigating toccata after the airbag and leaders were found to degrade over time. sometimes even explode. at least 17 deaths have been linked to those airbags. they have also they've also been accused of manipulating test data. this time urging the followers to buy l.l. bean. this is after a long group. called for a main group. one of the co-owners gave $30,000 to a group supporting trump's presidential bid.
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the bowling. it's bowling me personally. the company that didn't give the donation. i gave it personally to a pack to support trump. on my cousin gave to about four years ago many more times the amount i did. we should have that privilege. it's a free country. some are criticizing the tweet calling it advertising for his favorite companies. at&t ceo randall stephenson meets with trap. the president-elect has expressed concerns over the planned time warner purchase. it will remain in custody. among six german citizens.
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he is now awaiting a trial in michigan. and apple set at site film and television. a significant new business and original television shows and movies a move that could make it a bigger player in hollywood. and coming up big banks kick off earnings seasons this morning. but have they gone too far too fast. an ice storm have said from the west. the governor has already declared a state of emergency. they will tell us how bad the storm will be.
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afoot and light-hearted i take to the open road. healthy, free, the world before me, the long brown path before me leading wherever i choose. the east and the west are mine. the north and the south are mine. all seems beautiful to me.
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5:45 a.m. here in new york. the house is set to vote today on a repealing obama care. scrapping the health care law top campaign pledge. and he's urging congress to act quickly. no alternative plane plan is on the table. the investigator is under investigation. we talk about the justice department's. while she was secretary of state.
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he violated government rules and policies when he issued public statements and sent messages to congress about it. it will create more than 100,000 jobs in the united states. the largest online retailer. i'm more than 50% to over 280,000 and minute in the next 18 months. let's check in on u.s. stock market futures. on the friday the 13th as we wait on bank earnings. earnings season for the big bank stock kicks off this morning. among those reporting the fourth quarter results. i want to ask you how important is the banks earning guidance for 2017 and what will you be watching. i know there is can it be
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thinking about interest rates and trading activity. >> i'm glad you focused not so much on what they hit as far as earnings but you mentioned the most important word guidance. i think they will a look at interest rates. that's funny. earlier in one of the segments the fact that pandora is cutting back lowe's is cutting back. those are troubling signs for the economy and you have to remember that bank stocks always kind of run afterwards they don't power the economy. if a lowe's is not growing and shrinking their you want less loans. the deck and a need less for expansion. look for the guidance if they think the economy will be strong going forward.
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do you think that will help to keep the market up. a lot of people thought maybe it was an interest rate rally. do you think overall the fundamentals of u.s. companies will take that higher. syndicates can have to at this point. we have what i call the optimism rally. i am more optimistic at what trump is president. at this point for the last week or so as we start to enter the earnings season you've seen stocks like bank of america just kind of pausing at their eight year high for bank of america waiting to see if earnings will power this market forward. the last time bank of america exceeded their earnings estimate. if they do that today i definitely think you can see down 20,000.
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>> there is a headline this morning that the market is already starting to jump with a trump. what are your thoughts on this. is this true. i wouldn't say dump trump. i would say rotate out of the high flyers and into something more safe until we know the earnings. if we get a 20,000 closed today i think you will see a different side of headlines. it's going to be by this great market. i think it's a one day thing. i think it's written primarily by traders. at the most people should not pay any attention to that. hold onto the stocks that you like. coming up bold jackson is
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considered one of the greatest wishes he played football. you are watching fbn:am. we will be right back. (bell chimes) ♪ nice work brother dominic. now we just need 500 more... translated into 35 languages, personalized oh and shared across the 7 continents. (other languages spoken)
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distance again rounded the detroit pistons. the warriors nailed 15 three-pointers. curry, kevin durant and clay thompson accounted for 72 points. bo jackson who became an all-star in baseball and football tells usa today he never would've played football if he had known about the head injury risk. the game has become so violent he won't allow his children to play it. he was a sports legend by winning the heisman award and played with the oakland raiders in baseball with the kansas city royals. freezing rain and ice causing major problems across central u.s. janice mead is life in the fox weather center. look at this. >> i'm very concerned for the central u.s.
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a crippling devastating-this -- ice storm. we have the gulf of mexico moisture overwriting that cold air coming through. right now were starting to get all of the ingredients here. the worst of it is going to come overnight tonight saturday and sunday. from texas to oklahoma and towards a bit atlantic. half an inch to an inch of ice on the roads into power lights. people need to be on alert. >> this is highly anticipated so were to tell you about it. the game gaming console that is three and one. nintendo says this much will go on sale on march for $300. if you wonder what all the hype is about for the new gaming device it can be used
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like a regular handheld gaming device. you can connect to your tvs as well. that will be interesting. and almost look like a remote control at the playstation. the white house visitor suffered a cut below her eye on monday after she was bitten by the first families a dog. she went down to pet portuguese water dog. she was treated by the dr. who said she needs stitches. and bless her heart it's terrifying. we will handed hand over to mornings with marina. -- mornings with maria. there is more coming up.
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. maria: dagen: .
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. maria: first self-driving cars now self-driving shuttels take a look at this all elect in las vegas until trial period ends necessary frye, can told up to 12 people speeds up to 27 miles per hour. >> we thank you for watching fbn:am now we hand it to "mornings with maria" with i
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will be back in a couple minutes, good morning. maria: see you in a few minutes thank you hi. good morning happy friday i am maria bartiromo thanks for being with us frye january 13, friday 13th top stories 6:00 a.m. right in our east coast, the next steps actuaried repealing obamacare house to vote on procedural measure paul ryan reaassuring what happens after the law is dismantled. >> i think the president-elect said it pretty well on this front, we could stand back and do nothing, as republicans, we could stand back, and just watch obamacare crash. we can watch the further -- coming this year watch the massive deductible increases massive premium spikes watch collapse say look what democrats did we're not going to do. >> closer look at steps next

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