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tv   FBN AM  FOX Business  May 9, 2017 5:00am-6:01am EDT

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will act differently. >> dr. pry, we thanks for being with us, it is alarming what you had to say, thank you for sharing, and come back soon as we discuss it further. thank you so mucucucucuc train to recognize this morning. donald trump last accusations. his campaign conspired as the hearing on michael flynn gets red-hot. we'll have reaction for you. good morning vietnam lauren simonetti. nicole: good morning. i'm nicole petallides. an appeals court pack. skepticism over the delivered price travel ban. we will have destroyed the reaction. lauren: s&p and nasdaq hitting record highs amid strong earnings season. the outlook for one manager coming up. stock market futures ahead of the opening bell. nasdaq futures at one point. dow futures at 13.
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nicole: south kores customer market close for election day voters to pick their next president there. in japan the nikkei edged lower after the 2.3% gain. lauren: liz claman interferes with his on the american presidency. train to the big earnings news today will come from the magic kingdom. the court counterstrike down disney results? lauren: and sports, golden state warriors their second playoff series eliminating the utah jazz and the washington capitals dominate the pittsburgh entrance, forcing a decisive game seven in their series. we will have highlights. nicole: good morning. i for 1:00 a.m. in new york. we welcome you to train seven, your first look at morning markes and breaking news. lauren: sally yates testimony saying how he escaped the fake
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media extremely unhappy today. she said nothing but old news. in a congressional hearing, gave talked about her attempt to win the white house about adviser michael flynn after he misled top officials about contacts with the russian ambassador. >> not only to meet with the russians knew this, but they likely had proof of this information. that created a compromise situation with a national security adviser essentially could be blackmailed by the russians. >> meanwhile, james clapper said he was not aware of any evidence demonstrating collision between the trump campaign in russia. >> fairways a -- the evidence if there was any team read the evident cherry bar in terms of the level of confidence we were striving for in that assessment. nicole: blake burman at the
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white house with more. reporter: president obama made it known he was not a fan of the retired general michael flynn. the former president's morning to then-president electron. just days after the november election in an oval office meeting, then press into bottom of warrant or trample at the time is at appetizer. more than a week later, trump later, trump are flynn's national security adviser. flynn was later fired by the president for misleading president. at the white house press briefing monday, press secretary sean spicer tried to return responsibility involving flynn on to mr. obama. >> the question you have to ask yourself is this president upon as concerned about general flynn, why didn't he suspend a security clearance just reapproved a month earlier. what did they do if they have real concerns beyond not liking him for some of the comments he made. >> the white house did not
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reveal this is a broad-based morning or something much more specific than that. back to you in new york. nicole: thank you, blake burman. lauren: joining us us is prepaid and i'm a reporter for the federalist. good to see you. >> thanks for having me. lauren: what did we learn from testimony and what can ask for the investigation? >> i don't include learned anything new for this whole thing. what is clear is that the end of the day what we are talking about is michael flynn casually saying in a conversation with the russian official that the white -- might want to rethink sanctions. two outs in scale and perspective to what we're talking about here. that is the heart of it. i think are turning around and saying we try to win the white house that this is such a huge issue when the white house -- the upon the white house decided to renew his security clearance a couple weeks are a couple months before she supposedly was
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so concerned about it. there's a pretty big discrepancy there. i also think it's a pretty big discrepancy in terms of what she knew and how the media got it in the fact that she was kind of unwilling to share how the gap was bridged and whether or not she was involved really says a lot. nicole: james clapper notched a theory that the white house glued to the russia ahead of the election. when will that story finally go away? >> yeah, i mean, that's a great question. the fact that the obama white house was willing to renew security clearance a couple months before this aeged phone conversation went down really says a lot. as i said earlier, at the end of it we are talking about him making a comment like hey we like to maybe we think that with the incoming president. i think some perspective is really needed when we talk about all of this and the story has gotten blown out of proportion
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in regards to this with the information we have. the information we have is a system that a good idea and i think her reaction and the way she handled this, her interview yesterday, there's a pretty big discrepancy between the reality of the situation what she was to tell us. >> the other big issue with this leak of classified information. did that become politicized? >> you're exactly right. what's more alarming that the russian official is really the fact that there does seem to be these permitted actors are mistaken there were holdovers from the upon the restoration of the obama white house that decided to leak classified information about private citizens in order to take down an incoming president. i think that is really alarming and is really just dopey and it should be frustrating for someone like me and you.
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lauren: bre payton, thank you. >> thank you. nicole: the fourth circuit court of yrs just y to make a decision on whether to update lower court hearing under advice travel ban. the panel which is made up of 10 democratically appointed judges than for republicans considers whether to look at the president's past comments in order to determine if the executive order legally targets muslims. the trump administration issued its revised order in march to impose a temporary travel ban on citizens of iran, libya, somalia, syria and yemen. a federal judge in hawaii about the order. >> south koreans go to the polls today to elect a new president. the front runner is expected to replace the special election after park was impeached unelected and a corruption scandal. she's denied one doing. a long-time opposition leader wants closer ties with the north in china in a more cautious
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approach to u.s. relations. turnout in the election is expected to be high. nicole: around liz claman sitting down with work shy or hathaway sitting down with berkshire hathaway's -- warren buffett, telling us they think should be the top priority of the president of the united states. >> the most important job is to protect us from weapons of mass destruction. they are the most important person in the world, put the emphasis on that. nicole: charlie munger simulates president trumps david on china. >> i am a great admirer of the trump change of mind about china and making an ally of china instead of screaming about their trade. the big admirer of trump when he changes his mind and i think he'll do a lot more of it. that's a good thing. nicole: bill gates also
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brookshire member says the u.s. must continue to look down the road. >> we've got to invest in the future with its research to make sure pandemics.com to get get us in helping other countries. nicole: gait sagging u.s. economy in the u.s. are about doing well. lauren: let's get caught up in global market action overnight. stocks ended the day in a shed. you can see the shanghai composite in china up slightly. the nikkei in japan than a quarter of 1%. nicole: watching europe and financials, consumer stocks, energy doing well. the latest profit report utilities came under pressure. european markets on the upside. cac quarante in the green after selling off after macron. we also see the cac quarante was up half a percent. don't forget it hits a new high on friday that a non-macron
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spin. german dax up half of 1%. >> investors keep it in stocks will go up in the u.s. the fear gauge it in 1993 about. and again today for the s&p and nasdaq will be a record high. as new features that not even a point. dow futures close to their all-time high of 18 points today. nicole: watching oil after the idf cuts will continue and you can see after being up two sessions in another 16 cents. 46.59 a barrel. gold pulls back $1.70. lauren: target is testing next day delivery right now. service is called tartar free stuff being tested by some employees at the company's headquarters in minneapolis. target plans to open the sharper his famous red card loyalty program the same ar this summer. it lets customers order household items and have been delivered to their homes the very next day.
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i'll try to chart its efforts to beef up on their services to better compete with wal-mart as well as amazon.com. target shares are down 27% in the past year. amazon shares up about 27%. nicole: walt disney is one of the stocks we're watching today. the media and entertainment company reports earnings "after the bell." investors looking for an update after whether the court cutting trend continues in the latest quarter. the velocity of an allergan before that company ceo has promised to them it is price increases to 10% a year as part of a social contract. a video to report a jump in first-quarter revenue "after the bell." analysts remain bullish about the prospects as concerns rise over increasing competition from the micro devices and also been held. lauren: coming outcome of the oracle of omaha, warren essay, says beware of reaching both in
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the stock market. >> the public its oversight of god stocks. >> adak now? >> i don't think so. lauren: a look at the market for one fund manager. 16 points and s&p and nasdaq futures up about a point. you are watching "fbn:am," your first look at morning markes and breaking news. ♪
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nicole: good morning. 5:15 a.m. in new york gave president trump casting doubt on testimony yesterday he was right about former national security adviser michael flynn. former acting attorney general sally tes testified she told white house officials that a secret contact with russia's ambassador made him vulnerable to the mail. trump coulter's statement old news. meanwhile, president trumps travel ban is on an appeal in virginia. he fourth circuit court questioned the administration about efforts to gain six muslim countries from traveling to the. the judges are weighing whether trumps prior statements about a
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complete non-muslim should be considered when deciding this case. the earnings calendar, walt disney reports its resorts untrue results after the basket enacted on whether on whether the court cutting trend of the espn unit continues in the latest quarter. let's check out u.s. stock market futures. yesterday was a record for the s&p cover record for the nasdaq at the second highest close for the dow would receive records again today. dow futures at 17. that is what is happening now. lauren: warren buffett says beware of too many in the market but that we aren't there just yet. joining us now with eric on this president wealth management. good to see you. would you agree with warren buffett or do you see a correction ahead at the market has run out of gas. i need to justify that with this 1993 love for the fear gauge in the market. >> or a question paper look at the markets today as a
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contrarian indicators which are consumer confidence at all-time highs in the upper 90s. so when you put those two indicators together, cites an enticement look at the ipo market which is 38 billion this year, markets look like he could take a bit of a breather. how long is that going to last? possibly a short term pullback. we see that in information services for the sleep overtook tumors a poster that that's when our favor. >> people are still loving type. apple at new high, talking about the new iphone. policies coming down from the industry shame. is that correct? >> when you look at companies like facebook, amazon, apple or google, the $250 billion, the company said they are today of what they are going to be tomorrow, basically idea factories. the companies can do almost
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anything because the balance sheets. or that we didn't bury the future. you also want to be somewhat cautious when you dip your toe in given where we are in the markets. we have had an eight-year bull riding. we may be due for a summer tadpole but which is usually sell in may, go away kind of faith. lauren: seasonal. three quarters of companies that beat expectations so far. i stocks too expensive? >> great question. consumer staples are defensive names yielded roughly 3% kind of sad. those are the three, s&p said sue and the tenure at 240. essentially if we have a pullback, if rates come down all pushed the sealed up in the consumer staples and the fattest people died back in. >> we do. we think it's a great opportunity to get some great names that you buy on a daily basis. couple those same but the formation technology companies. we think that's a great
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long-term outlook. lauren: thank you so much. nicole: coming up, what does warren buffett most admire? this is what he told our liz claman. >> virtually everybody in the world asking who they worry about the most. they worry about amazon. trade to move a hot bath with amazon's new latest gadget. the golden state warriors with a second play of serious eliminating the utah jazz. turning to hockey playoffs, washington capitals dominate the pittsburgh penguins for us in a decisive game seven in their series. we will have all the highlights. you are watching "fbn:am." dow futures up about 18 points with your first look at morning markets and breaking news. ♪ bye-bye miss american pie ♪ drove my chevy to the labbe, but the levee was dry
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♪ this'll be the day that i die ♪ this'll be the day that i die ♪
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lauren: they may cannot do that at first speaker today. it will feature a screen that will operate video calling capabilities and allow users to make internet-based phone calls to the device i have a seven-inch touchscreen mobility facially inseparable questions. it has been in data testing for a few months time could start shipping to consumers as early as next month. amazon ceo jeff is those is a big fan and worn passé. told liz claman he admires but business has accomplished. >> pesos has developed two extraordinary businesses.
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take out retailing. that is not a small task. change it. virtually everybody in the world if you ask them who they worry about most, they worry about amazon. same thing in the cloud. i can't think of anybody who's tackled two industries that once and created as much change. lauren: buffet caught in the most remarkable business person ofur age. nicole: time now for spores could golden state warriors keeping pace by remaining undefeated. game four against the jazz could not answer the warriors. less than a minute with seth curry hitting a triple. andre woodall and now swung from the corner as the shot expires. the worry is when 120-watt-95. for hockey, penguins back from a
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concussion for game six against the capitals. first period on a power-play. slams it home to capitals lead at one to zero. the two online. the capitals when ms serious 3-3. going past 1:00 a.m. send show, the cubs needed a break voting against the iraqis with the winds challenge for even the ground crew. dismissing for new york yankees. the reds pitcher with some control. he has air and explode the names and the bases loaded e-mails
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chase had laid. the yankees won that. toronto's kevin became perhaps the catch of the year. top six indians, josé ramirez deep center makes an amazing catch with his back to the ball he stretches out his entire six-foot ramp. no one appreciates it more than marcus stroman. tonight, madison square garden, new york rangers. nicole: coming up, explicit testimony as a former justice officialayshe wants the white house said michael flynn could be backed up by ssia for the former intel direct your back at allegations of the white house solution with russia. >> pairwise said -- the evidence if there was any didn't reach the evidentiary bar in terms of
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the level of confidence we were striving for an intelligence community assessment. lauren: at the resume, were were going to have details. you are watching "fbn:am," your first look at morning markets and breaking news. whether it's connecting one of the world's most innovative campuses. or bringing wifi to 65,000 fans. businesses count on communication, and communication counts on centurylink. ♪ here comes the fun with sea-doo. ♪ ♪
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nicole: breaking news this morning at donald trump laughed and accusations. his campaign to start with the russians as a senate hearing on michael flynn gets red hot. we'll have reaction. good morning to you. i'm nicole petallides. lauren: i'm lauren simonetti. skepticism over the president's newly revised travel ban. we will have that story and reaction for you. nicole: in the market, s&p and nasdaq hitting record highs on strong earnings season a look at the market outlook from one fund manager. u.s. stockmarket futures this morning pointed to an affair. features a 21 has the second highest close in history.
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lauren: in asia, the south korean cost is closer election day a south korean voters take their next president. and japan, the nikkei edged lower after yesterday's 2% gain. nicole: oracle of omaha with america and i'm president trump. we'll have it all for you. >> the big earnings news out today will likely come from the magic kingdom disney. but espn's cord cutters drag down disney's overall results? we'll tell you what to expect. nicole: golden state warriors eliminated the utah jazz. in the the hockey playoffs, the washington capitol dominates the penguins forcing game seven in a series you will have all the highlights. lauren: 5:31 a.m. in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: president trump criticizing elliott's testimony
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saying sally yates had basically extremely unhappy today. and a congressional hearing coming at talked about her attempt to monitor white house a former national security adviser michael flynn after he missed the talk officials about us contact with russia's ambassador. >> not only do we believe the russians knew this but they likely had proof of this information. that created a compromise situation. the situation where the national security adviser essentially could be blackmailed by the russians. true international college instructor james clapper said he was not aware of any evidence demonstrating collusion between the trump campaign in russia. >> there was and -- the evidence that there was any didn't reach the evidentiary bar in terms of level of confidence we were striving for in the intelligence committee assessment.
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>> president obama made it known he was not a fan of the retired general michael flynn. that is at thais how the current white house characterizes the warning to then-preside electron. just days after the november election in an oval office meeting, president obama weren't president-elect trump about flynn who at the time as a top adviser to mr. trout. more than a week later, trump hired flynn as his national security adviser. fired by the president for misleading about interactions with the russian ambassador. at the white house press briefing, sean spicer tried to turn the responsibility involving flynn on to mr. obama. they are truly concerned his writing has been general plan which they approve months earlier. but what they do if they had concerns beyond not liking them for comments made. the broad-based morning is
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someone more specific than that. >> the fourth circuit u.s. court of appeals strain to make a decision on whether it court ruling that panama which is made up of 10 democratically appointed judges and the republicans to pass comments in order to determine if his executive order to legally targets muslim. the trump administration issued its revised order in march to impose a temporary travel ban on city said saddam, syria and yemen. a federal judge in hawaii blocked that order. lauren: joining us now to talk about where we stand with the white house travel ban as bre payton, politics reporter for the federalist. >> hi, thank you for having me. lauren: looking at the pass comments for my son.
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why is that important? >> yeah, it's important because it's their job to evaluate whether or not a law or executive order is constitutional. they should be looking at the tags to determine whether or not is is constitutional. they should look at statements they made on the campaign trail. if they do decide to go that ute, it'the nare breach or return from the way they handled the obama cared law, particularly involving the individual mandate and the penalty associated with the mandate. obama on the campaign trail for the million times that he was selling this blog to the american public told us the penalty is not a taxpayer penalty. when the supreme court did evaluate this law, they determine this penalty was in fact interpreted as such in order to determine that it was constitutional. if they do decide to go that route, that would be a major breach in the way they handled
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the obama cared a lot and all the issues surrounding that. lauren: different partner, ray. it seems that the appeals court was skeptical with the newly revised travel ban. your thoughts what actually will happen. >> yeah, that remains to be seen. it's very telling a lot of statements are exactly bitterly one just is told a reporter he has that blog back a lot of the statements. i think if they are talking about statements on their campaign website more than the actual language or the text of the executive order itself is rather telling and really indicates where there focuses on. i think that their focus testing to be in statements that he made during the campaign trail instead of the actual text of the executive order itself weird if so, that's a major breach just in terms their patterns are
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the way they are treated with other administrations. >> is there a timetable for the appeals court to rule on this? >> i think they are set to work on this pretty quickly. this is an order that would be levied immediately so they need to be able to handle this before goes forward. nicole: sends i.q. or are more nosing yes. quickly. more nosing yes? >> will want to jump on this mark quickly. >> the white house postponed a high-level meeting on climate change. this is a second time i made it on the issue has been delayed. they plan to the meeting to discuss at the u.s. should do about the paris agreement. president trump has an open mind about the agreement softening his position during the campaign he said he wanted the u.s. to fully withdraw from that agreement. nicole: south koreans go into the pole today to elect a brand-new president. but for our liberal is expected
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to replace part grenade. the special election comes after park was impeached and arrested in a wide-ranging corruption scandal. she has tonight rob doing. a long-time opposition leader with the north and china and a more cautious approach of the night these relations. turnout in the election is high. lauren: at a u.s. official confirmed the term and they have high speed turn made missile and the shipping route for much of the world's oil passes every day. the torpedo has a range of six miles was carried out in iranian territorial waters and did not break any protocols. it's not known at this point it very successful, but officials are concerned about this torpedo. it traveled 250 miles an hour. lauren: liz claman said in a
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work share hathaway ceo warren buffett. and cofounder bill gates on yesterday's down to the closing bell. tell in this he thinks should be the top are you ready of the present of the united states. >> the most important job is to protect us from weapons of mass distraction. they are the most important person in the world. but the emphasis on not. lauren: charlie munger said he likes president trump spitted on china. >> i'm a great admirer of the trump change of mind about china, and they can china, making an ally out of china. i'm a big admirer of trump when he changes his mind. you'll do a lot more of it. don't forget to. lauren: on trade nicole: bill gates says the u.s. must continue to look down the road.
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>> we've got to invest in the research and make sure pandemics to come to get us something other countries. nicole: the u.s. economy and innovation in the u.s. are both doing well. lauren: let's get you the global market action overnight. in a overnight. initially, overnight. initially, the south korean crosby closer election day. two of paris. the hang seng hong kong at 10%. nikkei however in japan following a quarter 1%. true to watching european stocks were the year ahead ties over six months and also the cac quarante edits to designate high. back in the grain of 23 points right now. london sociopath 1%. german dax up half of 1%. lauren: dow futures higher by 23 points. any gains will be a record. features a floodplain. nasdaq nasdaq futures upgrade. nicole: watching commodities closely. 46.4 new-paragraph down 3 cents
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right now. go down 2.5 a barrel. lauren: facebook has deleted accounts. the move is part of an attempt to dominate the spread of fakeness. facebook has also bought ads in several media outlets advising the public on how to spot false stories. the purge of accounts comes after questions were raised about the role fakeness may have played in the u.s. election. it's working with outside organizations to fact check and analyze content leading up to the election. nicole: coming up, oracle of omaha warned us that says beware is overreaching goals in the stock market. >> a public gets over excited about stocks at some point. >> gc that now? >> i don't excel. nicole: check innocuous stock market futures this morning. dow futures of 23. s&p futures up on nasdaq futures
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up to. boiled down a penny at two sessions in a row. old pulling back to .5 dollars. right now 12.24 triads. you are watching trends have been -- "fbn:am," youfirst look at morning markets and breaking news.
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lauren: good morning, everybody. let's get you caught up in what's happening now. president trump casting doubt on testimony yesterday was warned about security adviser michael find it, acting attorney general sally yates testified she told officials that unfit for contact with russia's ambassador made him vulnerable to blackmail. trump called a statements old matters. president trump's travel ban is under appeal in virginia. the fourth circuit court questioning the effort to ban six muslim countries from traveling to the u.s. weighing whether the prior statement about a complete ban
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on muslim should be considered when deciding this case. on the earnings calendar today, walt disney reported its latest reports "after the bell." investors look for any update on whether the cord cutting trend will continue, particularly at disney's espn unit. for the markets overall come up there, but there is across the board treat dow futureup 23 ints. you only see a gain of one plant for the s&p futures and to put an asset features in its new record high for them. that's a check of what is happening now. true to form a third says beware of too many in the market but we are not there just yet here it joining us now, aragon as president at titusville management. thanks for joining us. when we last spoke him a type that a possible correction over the summer. record highs for the s&p and nasdaq. for correction are you talking about? you said to die. what do you buy? >> we don't know whether it's 5%, 10% to 12%.
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the s&p on average has year-to-year decline of 14%. essentially markets tend to go up a little slower and they go down a lot faster. often times technically inks can have been. have been treated in a secular bear market inside a bull market. names we like our big safe names like procter & gamble, coke, tyson foods. staples you use everyday. names that will not go out of favor. obviously jobs, pretty much all markets. lauren: we've had a pretty strong corporate earnings season so far appeared for about 80% there appeared or stocks appropriately priced? >> that's a good question and look at what's at the top of the range. it's hard to know that technology companies breaking new heights every day. the feature typical advertising companies. google and facebook account for 22% of the ad spending now is
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10% for traditional newspapers. we do see companies continuing to grow. will they take a breather for the summer? we would like to buy those on it a little better prices. lauren: bonds, said come your thoughts. >> when you look at bonds in the 10 year treasury of 240 committee yields will creep up. another one maybe two hikes for the year, but essentially worse at going to leave bonds at the end of the day, somewhat flat on the year. as in the forward in the next couple years, bonds may struggle a bit. look at alternative approaches. lauren: thoughts and energy and oil. they make 45, 55 a barrel. it is hard to break out when prices go up the tracking restarts. output is a simple equation. we've got an oversupply and change in new technologies of electric vehicles and all the things coming out. lauren: five, 10, 12% pullback.
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thanks so much. lauren: coming up, storms hitting the mideast. genistein has your forecast at. in sports, the golden state warriors eliminate the utah jazz in the hockey playoffs, washington capitals dominate the pittsburgh penguins with a game seven in their series. we will show you more highlights coming out. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
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♪(somber piano) ♪you may say i'm a dreamer ♪but i'm not the only one ♪i hope some day you'll join us♪ ♪and the world will live as one♪
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