Skip to main content

tv   FBN AM  FOX Business  April 11, 2017 5:00am-6:01am EDT

5:00 am
is all about. lou: tomorrow night newt gingrich and jim dement among our guests. good night from new york. lauren: breaking news this morning. secretary of state rex tillerson on his way to moscow this morning to face talks on russian relations including the civil rights area. good morning. i'm lauren simonetti. lea: good morning. i am lea gabrielle in for culpability. on the smu tax proposals. lauren: a close eye in international tensions with syria and north korea -- after the dow rose not even two points yesterday ,-com,-com ma u.s. stock market futures to the downside. dow futures down 21 in asset teachers on.
5:01 am
lea: japan's nikkei index down three tenths of 1% and china's shanghai composite ended higher by six tenths of an%. lauren: united airlines removing a passenger from their seat. we will have the latest on the story. lea: after the investor pushing all those due turnaround efforts are put to grocery up for sale. >> chicago cubs hoist the world series championship flag at wrigley field and miami heat rallied to beat the cleveland cavaliers and keep their playoff hopes alive. lea: 5:01 a.m. in new york city. welcome to "fbn:am," your first look at morning markets and breaking news. lauren: thanks for joining us. good morning. secretary of state rex tillerson scheduled to arrive in moscow after attending the g-7 foreign ministers meeting in italy.
5:02 am
his visit to russia comes at the white house issues more warnings against syrian government. >> not just here, but the world saw last week and a president is going to ask decisively and proportionally in the justification when it comes to actions like that. i will tell you the answer is if you cast a baby, if you put a barrel on into innocent people, you will see a response from this president. train to meanwhile commit senior u.s. official said russia noted in by the assad regime chemical attacks. the russian operator drone flew over hospitalized at and said the attack were right in there. hours after that a fighter jet on the hospital in what officials believe is an attempt to cover up the attack. vermont is another this and other key issues, maria bartiromo will sit down with president lauren simonetti and exclusive interview tomorrow. you will want to miss the interview mornings it's very
5:03 am
afraid you're in the fox business network. lauren: wide-ranging to overhaul the tax system. like berman at the white house with the latest. >> the administration recalibrating expect patients on when tax reform may take place. back to last month when steve mnuchin told neil cavuto on fox business that it would be voted and signed by the august recess. on friday, kerry khan said he wasn't sure if it would occur in august or not. the white house press briefing sean spicer would only say that he is hopefully tax break is coming. >> americans are filling out tax reforms right now for 2016. this time mixture though followed up for 2017. >> i think middle-income americans have a tax cut by then. reporter: the white house pushing back on report that they are back to the drawing board.
5:04 am
instead the press secretary saying what they are going for right now is a major undertaking but he also said they are going through the normal process. another white house official told me a tax reform unveils at least a few weeks away. back to you in new york. lauren: and we way. blake burman coming thank you so much. trying to present it -- white house press secretary sean spicer said 20 ceos on the small groups to transportation, environmental protection, commerce and education at the white house budget director. chavez promised to make investments in the great rose, and the airport. about 20 ceos are expected to attend including general motors, ibm and wal-mart. lauren: north korea taking tough measures to any military action that might follow the aircraft move up the peninsula. the foreign ministry says we
5:05 am
will hold the u.s. fully accountable for the catastrophic consequence is to be entailed by an outrageous action. this tough talk after the pentagon decided to send the aircraft carrier battle group to the western pacific ocean and that most come in after the u.s. military used its naval destroyers to launch a missile strike on a syrian outfield. lea: let's get you caught caught up on global market action overnight. but making japan to, 311%. hang seng hong kong down to 31%. shanghai composite in china hired by six tenths of 1% and the cost lower by one half of 1%. lauren: the ftse up 29 points in london. a slight decline for the cac quarante in paris. lea: u.s. stock market futures lower by fort income as a mail-order bride to come in asset futures lower pay for. we'll see if it's the calm
5:06 am
before the storm are positive or another they got. commodities giving back he stands 17 cents. gold for blacks. investors focus on global tensions and corporate earnings. shyness that is the chief market strategist at wunderlich securities. nice to see you. >> good morning. nice to see you, too. >> later this week with the earnings from the big names. how do you expect them to do and you expect fallback and what they guess the star performer? >> when we look at the banks in general, one of the positive attributes as interest rates are going up on their own. we start to see the interest rate improve falling steadily since november. we would like to see the spreads fighting out emergency better. the environment looks good. the space really hasn't recovered since 2007. the 10 sectors in the s&p 500, and this is one that hasn't gotten back to his 2007 highs.
5:07 am
if we get any money, tax reform committee regulation and the repatriation of capital and infrastructure, all of those are positive. when you look at some of these banks in the early go, jpmorgan and morgan stanley said the best chance of another surprise. valuations are very reasonable here. as you look at the group is out, either by the basket or if you need to pick a stock or two, morgan stanley and jpmorgan are your best bet. lauren: jpmorgan and morgan stanley. there is an opportunity to buy the weakness in this is a keeps wanting a better web. the matter what we see geopolitically. >> it's amazing how much bad newspaper at the market by their economic data, jobs number coming syrian airstrikes, weak auto sales and we certify the
5:08 am
market that ended week so they started. to an extent this is a resilient arcade. there are plenty of things to throw out the next couple weeks as well heading into earnings seasons. expect nations are relatively high. i think the expectation is high but i think we would be okay there. the major thing that could tip over the apple cart is probably something around a french election or escalation in syria or north korea or something outside the u.s. internally the function of when we get the president's agenda items to the table and voted on. if tax refunds get pushed out beyond the august break out will be the market. lea: "the wall street journal" pointing out small stacks have like behind big caps. do you think there is value in all-caps? >> absolutely. when you look at the rest of 2000, that's a great question. a stronger dollar we will
5:09 am
probably get us through that by 2017. the evaluation argument they are. the problem is while we are waiting for the items to get moved in the legislation, we see a rotation o growth. i'll rotated to get more clarity on the agenda. lauren: vc investors by value signifies. but it's a signal? are they skeptical about economic growth. less skeptical about economic growth. the gdp growth hovers around 2.5 exiting. lauren: willacy. chief market strategist at wunderlich securities. lauren: thanks, art. united airlines acing backlash at your there was forcibly dragged dr. overbooked flight.
5:10 am
>> , on, come on. lauren: you hear him screaming, other passengers react to encode the one of more -- one of four passengers to make room for a standby employees. they issued a statement this is what he said. this is an upsetting event to all of us here at united did i apologize for having to re-accommodate customers. our team is moving with a sense of urgency to conduct a detailed review of what happened. we also reach out to this passenger to talk to him directly in further address and resolve the situation. in an e-mail to staff, the ceo called the passenger disrupted and belligerent and said i had radically stand behind all of you. all of this is playing out in the market. take a look at shares of united continental and the free market
5:11 am
out over 5%. this becomes a pr headache for the company. lea: i wouldn't want to have been want to have been one of those employees who took his seat after they were vacated. investors snapping up shares of whole foods market. jump 10% yesterday after they took nearly 9% stake in the company. pushing pulses to speed up its turnaround in seeking a potential sale. whole foods under pressure after the sales growth is. the shareholders, three employees also planned to run for state on whole foods board. the electric carmakers just about $50.9 billion ahead of the gm's valuation. tesla shares disclosed that another record high yesterday
5:12 am
getting over 3% on the day. tesla's acceleration in the stock market comes one week after the company passed the market. tesla stock up 45% so far this year. gm shares however moving in the direction. >> the white house issues a stern warning and syria. >> the answer is if you gas a baby, if you put a barrel bob into innocent people, you will see a response from the president. lea: with type two fox contributor kristen haglund to see what is next for syria. you are watching "fbn:am," your first look at morning markets and breaking news. stay with us. liberty mutual stood with us
5:13 am
5:14 am
when a fire destroyed everything in our living room.
5:15 am
we replaced it all without touching our savings. yeah, our insurance won't do that. no. you can leave worry behind when liberty stands with you™. liberty mutual insurance lea: 5:15 a.m. in new york. secretary of state rex tillerson arrived in moscow for her show this to. vladimir putin will not need with tillerson. the visit comes at a time of increased tensions between the u.s. and russia. over russia's involvement in the u.s. election and suspect his support for the chemical weapons attack. president trumps $1 trillion infrastructure program will be high on the agenda when he meets with about 20 companies. to also discuss tax reform and other administration priorities for the heads of general motors, ibm and wal-mart stores will be among ceos at the white house.
5:16 am
united airlines has damage control after a video of a passenger being dragged from his seat on cairo. the arab forcibly removed the man when he refused an leave the flight to make room for airline employees. united shares are down more than 5% in premarket trading. a look at u.s. stock market futures added the opening bell. dow futures lower by 18, s&p lowered by two and that's what's happening now. transfer the white house warning syria about our military action. secretary of state rex tillerson is meeting today with russian counterpart. political analysts and fox contributor kiersten haglund. good morning. good to see you. we heard from sean spicer in the administration. last week missile strike was in a one and done event. a wider retaliation for the most part. is this a change in policy? >> it is a shift in eyes but that's her thursday night at this. you are getting mixed messages.
5:17 am
sean spicer came out and said it's not just chemical weapons they look at. the bear upon the taxes so which are very crude weapons. just there is a very, very quickly assembled alms and shrapnel. they cause a tremendous amount of damage. talking about potentially many more lives lost. they are needed the option of retaliation doping. part of it is unpredictable so they have more leverage. lea: they have these barrel bonds before. those are not guided so they kill a lot of people. nearly 24 hours after the attack on the operations resumed, he's been propped up by russia. he's been prompted i have ran. the question for you is this. do you think the political pressures come his own allies versus the u.s. will prevent him from using chemical weapons again? >> at the interesting point rex tillerson will make when he
5:18 am
meets with his counterpart. they made sure there were no more chemical weapons. what happened here? is likely not going to use chemical weapons again. they are reassessing what this administration an entirely different strategic game now. there's a lot of pressure diplomatically i think. you will see on the meetings this week. the u.k. and the u.s. met yesterday and talked about the pressure. they'll put on russia to make sure they know it's no longer in their strategic interest to prop. economic consequences as well. lauren: to the evidence of complicity that russia knew about this chemical attacks? >> right. that's what they're finding out. the administration is not come out and set whether they're in favor of sanctions, but that is one of the key pressure point. they have to be multilateral but juicy with the g-7 meetings this week as well as today's partners as well.
5:19 am
that cannot force russia to say leave, but pulled back so that assad has no more allies. lauren: kirstin haglund, thank you for joining us. lea: chicago cubs poised the flag at wrigley field and beat the cleveland cavaliers and keep their playoff hopes alive. more weather continues in the north east. meteorologist adam klotz has the forecast. nasdaq lower by six. you are watching "fbn:am," your first look at morning markets and breaking news. stay with us. ♪ d&c ministry -- d&c in so you're having a party?
5:20 am
5:21 am
5:22 am
how nice. i'll be right there. and the butchery begins. what am i gonna wear? this party is super fancy. let's go. i'm ready. are you my uber? [ horn honks ] hold on. don't wait for watchathon week to return. [ doorbell rings ] who's that?
5:23 am
show me netflix. sign up for netflix on x1 today and keep watching all year long. lea: now look at the latest in the world is yours. chicago cubs weighed 108 years for a championship. another couple hours did not matter. after rain delay, the countries the world championship in her over historic wrigley field last night. ryan sandberg, herbie jenkinson billy williams in the 30 degrees weather there. the cubs players took turns pulling on the rope to raise the banner to bring the world series trophy to the cubs fans who waited so long for that moment. after the ceremonies, the cubs play the dodgers had completed their celebration with the 3-to weigh in with their home opener.
5:24 am
the miami heat kept their postseason hopes alive by routing cleveland cavaliers 124-121 with one game left. they are tied with chicago so it's in its regular-season game, miami hosts washington chicago host strickland and india host atlanta. the heat need to win combined with the loss by either the pacers for the bulls. los angeles teams have cleaned house. they fired head coach darryl sutter and dean lombardi. those changes come after the kings missed a playoff for the second time in three years. they have not won a playoff run since winning the stanley cup in june of 2014. lauren: it may be spring but feels like summer from the east coast. meteorologist said they do say what their forecasts. do we need sunscreen today? >> yeah, it's going to be
5:25 am
absolutely fantastic. already started one this morning on the eastern half of the country. very warm temperatures piling up to 63 degrees in new york city. cold air further to the west along the frontal line when you see some of the spring thunderstorms continue to fire up and it's right along the line from ohio all the way to portions of texas producing borderline severe weather getting down from boston up into the dallas area. double continue to slowly drift to the east. if you are the way of it, pay attention because it could turn into severe weather by the time they get going in the afternoon hours. you see a weakening in a lot of cases, but there will be spots where they say a little bit longer. on the west coast, we continue to fight the drought. we see more and more rain in the pacific northwest and portions of california. the big story for the eastern half of the country is going to continue to be incredibly warm temperatures and it gets warmer
5:26 am
today. see the decrease in atlanta 80 degrees in new york city. maybe mid-80s before it's all said and done. warm at the next couple days and yes it's a good idea to keep that sunscreen handy along the east coast for at least the next couple days. lauren: love it. lea: thank you of adam. daddy back expectations on the timeframe for tax reform still promising to get it done. >> we are going to make sure we do it right with the input of all the individuals and groups. congress had a long-time interest in doing it. it is a big deal. lea: will take a look. whole foods gobbled up in a takeover. a look at the latest report. u.s. stock market futures ahead of the opening bell. dow futures lower by 23, s&p lowered by three. nasdaq lower by seven. you are watching "fbn:am," your first look at morning markets and breaking news. online u.s. equity trades...
5:27 am
♪ ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ a new thermal imagining technology - to inspect difficult-to-reach pipelines, so we can detect leaks before humans can see them. because safety is never being satisfied. and always working to be better. does it look like i'm done?yet? shouldn't you be at work? [ mockingly ] "shouldn't you be at work?" todd. hold on. [ engine revs ] arcade game: fist pump! your real bike's all fixed. man, you guys are good! well, we are the number-one motorcycle insurer in the country. -wait. you have a real motorcycle? and real insurance, with 24-hour customer support.
5:28 am
arcade game: wipeout! oh! well... i retire as champion. game hog! champion.
5:29 am
5:30 am
lauren: secretary of state rex tillerson on a flight to moscow to face tough talk from u.s. and russian relations in living civil war in syria. good morning. i'm lauren simonetti. lea: and i am subfloor and for nicole petallides. the august deadline off the table. we'll take a look at the tax proposals. lauren: investors keeping a close eye and international tensions with syria, north korea and russia. after the data was two-point you did see a slight pullback or futures down funny for the data into for the s&p 500. >> japan's nikkei edged slightly
5:31 am
lower, down one third of 1%. a look at the shanghai composite in china higher by 16 to 1%. lea: united continental airlines under fire after using force or another passenger from their state. the story everybody is talking about the systolic reaction. lea: activist investor pushing pulses to get the upscale grocery chain up for sale. chicago cubs always the world series championship i wrigley field in the miami heat to beat the cleveland cavaliers and keep their playoff hopes alive. lea: 5:31 a.m. in new york here. welcome to "fbn:am," your first look at morning markets and breaking news. we do have breaking news this morning. secretary of state rex tillerson scheduled to arrive in moscow this morning after 10 g-7 ministers meeting in italy. pacific comes as the white house issues more warning against the syrian government. >> nadja syria that the world
5:32 am
saw last week a president that black decisively and proportionately and with justification when it comes to actions like that. i will tell you, the answer is if you cast a baby, if you put a barrel bomb into innocent people, you will see a response from the president. lauren: senior u.s. officials say russian doing it and other assad regime. officials said a russian operated drone flew over hospitalized victims of the attack were arriving. hours after that a fighter jet with an attempt to cover up the attack. for more on this and other key issues, maria bartiromo said don macdonald transferred exclusive interview tomorrow. it will be the president's first interview since he took office. all in mourning said maria on the fox business network. lea: at the white house seeking wide-ranging republican support behind legislation to overhaul the nation's tax system.
5:33 am
the very latest. >> the trump administration on tax reform might take place. the treasury secretary steve mnuchin told neil cavuto that tax reform would be voted and signed by the august recess. by friday, gary cohen said he wasn't sure if it would occur in august or not. at the white house press briefing, sean spicer would only say that he is hopeful a tax break is coming. take a listen to what i ask him. >> americans are filling out tax reform for 2016. will they have a 2017 tax cut this time next year? >> middle income americans i hope have a tax cut by then. reporter: the white house pushing back on report that they are back to the drawing board of the release to tax reform. instead, the press secretary saying what they are going through is a major undertaking but he also said they are going through the normal process.
5:34 am
another white house official told me a tax reform until it is at least a few weeks away. back to you in new york. lea: thank you, blake. lauren: getting that -- white house press secretary sean spicer saying 20 ceos ceos will meet in small groups of the cabinet secretaries of transportation, environmental protection, commerce and education but white house budget director. trump has promised to make major investments in the rate of growth, electrical grids, internet in airports. 20 ceos to attend the meeting including general motors, ibm and wal-mart. >> north korea that they do take tough measures to military action with the u.s. province in the back the korean peninsula. the foreign ministry saying they will hold the u.s. wholly accountable for the catastrophic
5:35 am
consequences entailed by s. outrageous action. the tough talk at the pentagon decide to send it scarier to the western pacific ocean and back of coming after the u.s. military used the naval destroyers to launch the missile strike on a syrian airfield last week. lauren: let's get too conduct a global market action overnight. the one premiere as the shanghai composite in china gained one half of 1%. diners have been making japan a quarter of 1%. the hang seng hong kong down three quarters of 1%. lea: the ftse in london higher by 32. cac quarante lower by seven, dax lower by seven. lea: retail sales report later in the week. a flat mark it barely move to the upside yesterday. stocks now slightly lower. s&p downgrade, nasdaq been fixed looking at the futures. lea: look at oil lower by 14 cents 52.90% barrel at 12.57 atari announced.
5:36 am
an investor focus on global tensions and also corporate earnings. joining us now is chief market strategist at wunderlich security. nice to see you again. thanks for being back with us. >> good morning. thanks for having me. lea: are you concerned with deeper u.s. involvement in syria and rhetoric out of north korea right now? is there any concern that investors can do to protect against political risk right now? >> yeah, geopolitical risk is the largest risk in the market right now. the markets very resilient, very patient towards getting the president's new policies in place which get pushed a 2018. the large unknown if this first strike in syria the beginning of a much longer process and obviously a fresh is complicit in this entire action, any hope we have a better relationship
5:37 am
they talk about during the election process is completely off the table. how is our relationship with china going to proceed if north korea can a news with all of their missile test, et cetera. geopolitics clearly a much larger risk than the first earnings season for the timing of getting tax cuts. >> i want to ask you about that. they might be pushed back to 2018. is that true for tax reform. december possibly or is this going into 2018? >> is obviously complicated because repeal and replace failed. whatever comes out, whether it's by the august break for him to 18. it will be something less. lauren: cement stocks fall? >> well, hard to know.
5:38 am
the market isn't necessarily pricing at 15% or 20% corporate tax rate. i certainly don't think it's pricing aboard are just attacks. the function of what this looks like we know a window at the house of a to do and we know all of this will take time. but say it starts at the house goes to the senate. you might not get in the reconciliation until the august break and that means you've got to be voted on in the fourth quarter this year. the timing is most likely pushed out to 18. i think tax reform happening and 18 will land in the laps of this economy right when we need it. probably more needed and 18 and 17. lea: last week disappointing jobs report, strikes in syria. the market seems to say pretty much steady. would you expect us to go into this holiday weekend? >> it's interesting. mostly large financials with most of your work done this week. people take advantage of the weak and militant on thursday.
5:39 am
next-line that the real taliban would get answers post g-7 to see if they make a statement about more sanctions towards russia and see things escalate over the weekend in north korea. too many hotspots to make a prediction as to what happened. the u.s. economy and earnings picture continued to be consistent. lauren: you don't mail it in a way are simply not going to mail it in after wednesday. speaking of mailing it in, this calm market, this low volume holiday week. so basically you just kind of sit on your hands right now? how deeply the market? >> after a miscarriage post election and another little bump in february, we've been at a place were stuck in a range. something like 2335. the yield on the tenure between 23 and 26. unless and until we get major geopolitical events or financial action that goes awry, the market is not steady.
5:40 am
lauren: got it. love the spring suit. art hogan, it chief market strategist at wunderlich security. lea: united airlines facing massive backlash after a passenger was dragged off and overbooked flight. did you see this? >> hey, hey, come on. lea: you can hear him screaming, going limp on the floor. i was one of four passengers asked to leave the plane for employees had to step another fight. the night tdl issued a statement saying this is an upsetting event to all of us here at united. i apologize for having to re-accommodate these customers. our team is noted at the sense of urgency to work with authorities in conduct or our detailed of what happened. we also reach out to the passenger to talk directly to an in further address and resolve the situation.
5:41 am
in an e-mail to staff, he called the passenger disrupted and belligerent and said i emphatically stand behind all of you. shares of the company down more than 5% in the premarket. a lot of people upset by this. lauren: dated mike has response. passengers are the critics that's not good for your stock or investors snapping up shares of whole foods markets. stock in the opposite direction jumping 10% yesterday after activist investor took a nearly 9% stake in the company. pushing whole foods to speed up its turn around and a potential sale. whole foods has been under pressure after the sales growth slowed in the face of rising competition. everybody seems to be doing organic food. it's open to the views and opinions of all shareholders. three employees also plan to run for a seat on whole foods board. lea: coming up, the white house
5:42 am
added back expectations on the timeframe for tax refund is still promising to get it done. >> blue make sure we do it right do it privately imported by the individual groups and members of congress that have a long-time interest in doing this. and it is a big deal. lea: a closer look at the tax reform time i met kirsten had been. you're so that the u.s. stock market futures ahead of the opening bell. s&p lowered by two, nasdaq lower by four. you are watching "fbn:am," your first look at morning markets and breaking news. we will see you in a minute. ♪
5:43 am
just like the people who own them, every business is different. but every one of those businesses will need legal help as they age and grow. whether it be with customer contracts, agreements to lease a space or protecting your work. legalzoom's network of attorneys can help you, every step of the way. so you can focus on what you do and we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here.
5:44 am
[vo] quickbooks introduces he teaches lessons to stanley... and that's kind of it right now. but rodney knew just what to do...he got quickbooks. it organizes all his accounts, so he knows where he stands in an instant. ahhh...that's a profit. which gave him the idea to spend a little cash on some brilliant marketing! ha, clever. wow, look at all these new students! way to grow, rodney! know where you stand instantly. visit quickbooks.com.
5:45 am
lauren: good morning, everybody. 5:45 a.m. in new york. secretary of state brags tillerson arrived in moscow for a crucial visit. vladimir putin will not meet with tillerson page comes at a time over the possible involvement in the selection and suspected support for syrian capital weapons attack last week or president trumps $1 trillion infrastructure program will be high on the agenda today when the president meets with the years of 20 companies. they will also discuss tax reform and other administration priorities. the head of general motors, ibm
5:46 am
and wal-mart will be attending. united airlines and damage control after a video come in this video of a passenger tried for this event i will. the airline forcibly removing the man when he refused to leave and overbooked flight to make room for the employees. united shares down 5% in premarket trading. as for the overall market, dow futures down just seven points right now. s&p futures down one and nasdaq futures down two points. that's a look at what's happening now. traitor president trump has gone back to the drawing board as he looks for wide-ranging republican support behind a tax bill. joining us to talk about kirsten hoglund. it sounds like the august deadline may be off the table at the white house doesn't get it done by december, do you think it's over? >> is simply not over. this is something he campaigned heavily on.
5:47 am
if we did pass tax reform before the midterm election of 2018, that is a huge win they can go back to districts that and say they got this done. if not off the table. sean spicer as well as senate majority leader mitch mcconnell have both lowered expectations on the passage this year. i think a lot of people since not only on the hill, but individuals and investors since the administration is learned for the mistakes they made with the health care bill and perhaps taking time is better. 1986 tax reform took two years. lauren: when it happened, the stock market loved it. where do we stand with the controversial border adjustment tax at this point? at the date of the republic in existence right now. retailers hate the border adjustment tax. is that that tax is something that individuals and consumers really don't like. right now it's all about revenue.
5:48 am
how did they get the revenue, how did they pay for this? one of those areas is the key sticking point for negotiation. a republican consensus or do you try to get rid of the ideological members republicans didn't get democrats on board. tranter break down proposals on the board right now and what is more opportunity here? >> the house has said a lot. they have not said much in indicating what he would like. you said that is not on the table right now and you haven't heard much from the senate yet either. he is not only getting the ceos perspective on public-private partnership, but opinions and he's getting a lot of expertise on what will go into the tax labor. lauren: would receive plan to eliminate payroll tax or cut the corporate tax? >> corporate tax will come down. 35% right now.
5:49 am
they want between 20 and 25. that will be the most likely. cutting the payroll tax would give a worker who makes $60,000 a year in extra $3700 basically per year. look at the tags. a lot of negotiations going down. but don't make it through. as long as they take it time and do it well. hopefully a big tax cut. train to kirsten hoglund committed to mac for joining us. lauren: coming up in spurs after a two-hour rain delay, chicago cubs host the world championship flag. look at it go up at wrigley field. the rally to beat the cleveland cavaliers can keep their playoff hopes alive. my mother continues to hit the northeastern rid of it. meteorologists adam klotz has your forecast. you are watching "fbn:am," your
5:50 am
first look at morning markets and breaking news. ♪ all night long ♪ all night ♪ all night long ♪ all night ♪ always wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second.
5:51 am
you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business.
5:52 am
5:53 am
lauren: take a look at the latest in the world of sports for chicago cubs waited 108 years railroad championship, so what about another couple of hours? i didn't think to matter after long laid on trade rain delay. the family raise the banner over historic wrigley field. cubs legend ryne sandberg, kirby jenkins and willie williams were on hand to the festivities in 30-degree weather. players took turns pulling on the rupture rates to the 2016
5:54 am
world series banner and bring the trophy to the cubs fans who waited over a century for that foment. look at the fireworks. after the ceremony the cubs play the dodgers and completed their celebration with a walkoff 3-to win in their home opener. congratulations. the miami heat kept their postseason hopes alive by rowling quickly than they have the layers last night. one game left. the heat are a game behind indiana and they are tied with chicago. in tonight's final regular-season game, they will host washington, indiana host atlanta. to make the playoffs, they need to when combined with the loss. got that? shapers powers that or-3 went to the phillies last night. present a solo shot to right field in the fourth inning. in the eighth inning with a towering two-run drive of his
5:55 am
own picture on the video board and write build. versus four homers through seven games this season and three in the past two days. lea: it may be spring, and that it feels like summer for much of us on the east coast are not as cubs fans last night. fox meteorologists update here with your tuesday forecast. >> nice to see you as well. the cubs fans are doing time. feeling really good for the rest of us on the east coast is 62 degrees in new york city this morning. average seasonal high close of 59. really warm across the eastern half of the country. right along the frontal boundary were received a cold or warm air meet. we will continue to slowly drift off to the east of the course of today i'm especially into the texas area. that's where we see the storms a little bit stronger. to awaken a bit if it continues to drift to the east. would we be shocked if we saw the lower end of severe level spectrum going to continue to weaken.
5:56 am
the rain falls on the west coast from california coming down in portions of the pacific northwest. the story for the rest of us on the eastern half of the country along the mississippi are just going to be very warm temperatures. 80 degrees in atlanta running up into the lower 80s in new york city. definitely feeling like summer even though we are still in the heart of spring. lea: we've earned it here in new york. lauren: adam, you're a brave stand? >> yes, i'm from atlanta. in a brave stand. lauren: patients may no longer need a blood test to see if they have cancer because of a special gone. we will tell you how it works coming out. l... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife
5:57 am
to specialize in annuities & life insurance. talk to your advisor about a brighter financial future.
5:58 am
5:59 am
lea: welcome back. it that can detect cancer may soon be in the markets. it'd so what are known as volatile than the persons alive and is analyzed to determine whether it contains chemicals produced in the body when a person has cancer. an alabama company developing the gunman hoping to make it available sometime next year. lauren: all about early detection. anything that helps you detect cancer really helps. thank you so much for joining us on "fbn:am." >> we were handed over to "mornings with maria." maria: hi, ladies. we are coming from washington this morning. thanks for being with us. i maria bartiromo and it's
6:00 am
tuesday, april 11. we have life in the nation's capitol from list of interview with president donald jay trump coming out. 6:00 a.m. on the east coast. president trump set to meet with the bright eyes. sitting down with figures from general motors, ibm, blacks younger to name a few. the main topic on the table, tax reform. >> what you see if that's going with the process. his economic team from secretary mnuchin, secretary roscoe mcgarry: and others sitting down internally and beginning a process of meeting with groups that have been advocating for tax reform since 1986. this will be a major undertaking. i want to make sure we listen, or ideas and input as we move forward. this is the beginning they said that the process. true to this meeting of the administration is defending actions in iraq. secretary of

73 Views

info Stream Only

Uploaded by TV Archive on