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tv   FBN AM  FOX Business  June 30, 2017 5:00am-6:01am EDT

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lou: thanks for being with us. good night from new york. lauren: breaking news this morning. the travel ban takes effect with no chaos as some had expected. cheryl: could keep a big tax on investment income that could be a deal-breaker for gop senators. lauren: big selloff in stocks on worries on trump agenda and concerns the market rally may have gone ahead of itself. tech stocks hit particularly hard but up 3% as we wrap up second quarter. dow up 11, nasdaq up 7. cheryl: stocks in asia are falling wall street lower overnight. in china the shanghai losing
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.09%. actually we saw reversal. lauren: mixed bag right now. cheryl: merger derail facing antitrust concerns. walgreen going to buy half of rite-aid stores. lauren: guess what? it's highered a diversity team. cheryl: 5:01 a.m. in new york. friday june 30th, last trading day of the month of june. good morning, everyone. i'm cheryl casone. lauren: i'm lauren simonetti, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. cheryl: breaking news this morning, a scale-down version of president trump's travel ban taking effect last night with no chaos to report. lauren: quite a different story from january. tracee carrasco with the details. hey, tracee.
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tracee: highly-debated travel order went into effect last night at 8:00 p.m. eastern. no reports of protesting and chaos that we saw with the original version of the president's executive order back in january. the new rules tighten visa policies affecting citizens from six majority muslim nations, sudan, syria, iran, somalia and yemen. people from those countries who need new visas will have to prove a close family relationship or existing relationship with an entity like a school or business within the united states. the state department said the family relationship valid for entry would include, parent, spouse, son-in-law, sibling already in the united states. late thursday the administration reversed course and included people engaged to be married in the list with close family ties who are exempt from the ban. however, the order does not include other relationships such as grand parents, grandchildren and aunt and uncles, journalists, student workers who
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have valued invitations or employment contracts in the u.s. would be exempt from the ban as well as anyone with previously established significant contacts here. the new rules came under immediate legal challenge, challengers in one of the two principal legal cases cases from hawaii made emergency court filings on thursday asking federal judge to clarify what the trump administration can and can't do with its partial ban, however, legal experts say this version of the travel order is cig nick antly scaled down. >> the supreme court really did only lift the ban and extremely limited way and so we thought lifted only for people who do not have a bonafide relationship with an individual or entity in the united states. a small class of people that the ban could not ply -- apply to.
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tracee: the rules could change once again. lauren: still much better situation than what we saw in january, tracee. tracee: absolutely we saw chaos, protests, a lot of the confusion came from people who were barred from flights coming into the united states who had previously approved visas. that's where things got tricky. this time seemed more -- the plans were layed out a little better. cheryl: the agencies were prepared. tracee, thank you very much, appreciate it. lauren: senate republicans racing to reach a deal on a bill to replace obamacare. they are considering 8.8 tax on investment income, something many republicans oppose. >> what we have right now is a bill that needs to be fixed. i think they won, most of us believed it was a starting point. part of it with the tax
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reduction that is were being proposed, eliminations of a lot of the taxes, some of them will stay in. i think there's one that may not and that will be the tax on investment returns for families that make over 250,000 a year. that's about $172 billion over a 10-year period of time which when taken or put back into the system would allow us to make improvements in some of the coverages moving forward for those that need it most. lauren: health and human services tom price is optimistic. >> i think the senate will get something passed and the reason is the situation in the real world continues to deteriorate. the challenge is we have to make sure that we improve market and patients and families and doctors to be making medical decisions and not washington, d.c. there's ways to do it and the senate is working on it and i think they'll get it done. lauren: moderate senators are critical of proposed cuts and
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and opioid treatment as well as protecting those with preexisting condition. cheryl: trump administration punishing a chinese bank for helping north korea nuclear web's program. we have more for you from blake berman. >> the treasury department sanking a chinese bank which says acts as a gateway to north korea. trump administration has been trying to get china to exert influence over rogue country n. a tweet last week the president suggested that china's efforts have not worked, at least china tried. this is in no way trying to target china. >> president trump and president xi have had conversations and we appreciate their work and hope that thigh will continue to work with that. not with standing that, we are taking action no showing the
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seriousness in which we are doing to deal with this. blake: later today president trump and president moon will have meetings as well. the issue of north korea will be major part of their discussion. thank you in new york. cheryl: blake, thank you very much. fox business will have live exampling when president trump and south korean president moon jae-in. lauren: mika brzenzrinski and joe scarborough delaying their vacation to responding to president eat tweet. listen. >> i don't think so. i think that the president has been attacked on personal
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accounts and he's been very clear that when he gets attacked he's going hit back and the american people elected somebody who is tough and a fighter and that's donald trump and i don't think it's a surprise to anybody that he fights fire with fire. lauren: according to new fox news poll conducted before the latest tweet, 71% say the president's tweets are hurting his agenda, 17% say trump's tweets are helpful and if you looked at coverage of nbc and abc, they spent nine minutes on average talking about this situation. cheryl: the new fox poll is very telling about the president's use of twitter, i think. well, the worries about the trump agenda, of course, and the future of it continue, one factor in that is the big stock market selloff that we actually saw yesterday. now, it is dragging down asian stocks, i want to correct that from earlier, i want to check those, here you go, these are
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the correct numbers i want to show you. the nikkei did lose 1% after big selloff which normally see a lot o. the change high composite bucking the trend and kospi in korea also lower as well. i wanted to get that to you. i want to bring in david nelson, chief strategists at bell point, certainly there's 2006 a lot oh talk about the markets. a lot of republicans including ted cruz of texas said, wait a minute, that's not what we promised our constituents and this is bad for the economics of the country, correct? >> look, it's an onerous tax, understand, this is washington and washington compromises so i'm not surprised that senators, million that is would save over decade and earmark that for the low end and this is an
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investment income tax and a lot of that resides in the top 1% of the nation. so going into an election year, i think a lot of senators think, this is what they have to do. you're right, senator ted cruz and others are going to look at this and point to it as another example of obamacare-like and they are going push hard. lauren: long holiday weekend for traders, the holiday being tuesday, what was behind the selloff yesterday, was it tech stocks are really pretty expensive and central banks around the world suggesting they will tul back on stimulus. >> certainly comments earlier in the week caused the selloff around the world. you saw interest rates go off dramatically in germany and brought interest rates here and makes more competitive. but i think the biggest story about tech has been really unwinded of, you know, just a parabolic move.
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growth versus value. the gap was almost in double digits and you starting to see that contract n. tend, valuation matters. i think for a lot of hedge funds and portfolio managers and they are rebalancing right now and taking profits in some of the names that have come so far. cheryl: we may see that again in today's trading as it is the last trading day of the first half of the year. i want to look at overall the trend here because since inauguration day, i know that we have seen pressure on the nasdaq, more than 10%, dow s&p, strong performances, does that factor in when you've got stocks at all-time highs, bit of disarray in washington, does that factor in your opinion that potentially over the next second half of the year that we are going to see flat lines when it comes to the market? >> well, i think washington is certainly part of that. look at the movement in some of the stocks yesterday, you saw tech down and you saw financials up. now while the president and his agenda doesn't really depends on congress to get the agenda
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through, one area where they can do very well is a rollback of regulatory overreach and you saw that play out in financials. cheryl: david, thank you very much, a lot to cover on the last trade of june. >> thanks very having me. lauren: senate scrambling to send new controversial health care bill to budget office, but what could be in that bill making it so controversial? and iraq declaring major crisis in iran at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value.
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lauren: happy friday. 5:15 a.m. in new york. let's get you caught up on what's happening now. iraq and u.s. officials say islamic state on the cusp of defeat in mosul and close to being driven out of iraq. extremist group leader first proclaimed caliphate, a spokesperson for the u.s.-led coalition said the fighting should be over now in a matter of days. well, fox news has learned that former national security adviser susan rice has agreed to testify before about russian actions during 2016 presidential campaign. she'll also talk about allegations that she unmasked to the names of americans in contact with russian officials.
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no date has been set. wall groans and rite-aid scrapping million dollar merger and instead walgreens says it will buy half of rite-aid stores for half, crafted the smaller deal to address regulatory issues but antitrust experts say it does not eliminate competition conference. for investors we have the final day of the week, dow futures up 14, s&p up 1, cheryl, nasdaq, up 7 over to you. cheryl: s&p, dow, looking good, three months in a row. what maybe not looking good right now is these negotiations that are continues today on a new version of the senate republican health care bill. gop leaders may try now to prereceiver some taxes on wealthy americans that wasn't -- was enacted by president trump.
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amy, this is interesting politically. you prereceiver taxes on wealthy americans, a lot of conservatives are saying, wait, a minute, we did not agree to this in particular ted cruz of texas, is this a long hope for the? >> it is. if senator heller goes that route, he will pulĂ­do nations from him. lauren: how do you feel about that proposal in the investment tax? >> you know, i'm concerned about that. like i want to point out, only npr conducted a survey and only 12% of americans polled right now support the recent senate bill, the health care bill. so right now it's polling less popular than lice, traffic jams and gang of con so not looking
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so good. cheryl: all right, robin, i'm not going to disagree with your polling, scientific, you have to admit no matter what the democrats are going to do, senate republicans want to get a deal struck today, they want to get to the cbo and get the score? , all of this done, you know, basically over july 4th recess and want to bring this to a vote. do democrats, have you heard, do they have any strategy at all to push back, to obstruct what's happening under mitch mcconnell? >> no. i'm telling you, what we are doing right now is letting the republicans sit back and duke it out because of all of the republican in-fighting, they can't agree on this right now. our best strategy is to sit back and let the chips fall where they may and take it from there. it's kind of like watching -- if your parents are in an argument and we are the minority party, we are not going to be the children to hop in. we know better than that. let's just let the republicans do their thing and if they can't
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get it through like mitch mcconnell said, we will let them take a recess and get back it -- lauren: republicans are so serious about this, amy, they are scrapping their weekly tax reform meeting to talk about health care, to try to get something through by tend of the day. so cbo can score it, do you think they are going to do it? >> i do like senator cruz's idea of bringing amendment forward where he's offering states that already have one obamacare compliance and offer a nonobamacare at the same time so you have a win-win situation. you still like your current plan with obamacare, fine, keep it. if you like to go another route because it's too expensive for you, then go that route. that's a smart move on his part. cheryl: what's interesting, robin, if you look at what this tax was less in place and this is the financial section of it, 172 billion would be in place
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that they could use to make health insurance affordable for low-income americans. i mean, that would be something i think the democrats would be on board with. >> and we need to. i want to see -- americans are tired of the partisanship, we need to work together to get some things done that can benefit everyday americans. these issues resinate in the heartland, in the rust belt, so we've got to work together on these issues specifically. i'm kind of tired frankly of the democrats being only the party of the obstructionists to be honest. cheryl: well, call up chuck schumer and see if he can come on board a little bit. we are all for that around here. [laughter] cheryl: amy and robin, thanks to both of you. lauren: coming up, rumors swirling about who will replace phil jackson, the fired president of the new york knicks, we will have the latest on that. tennis star venus well yums on hot water overria deadly car
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crash in florida. let's take a look at the national weather radar as you kick off the holiday weekend, storms in the midwest and south as we head into july 4th. in the markets no fireworks on wall street journal. you're watching fbn:am
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lauren: ready for sports? williams is facing questions over fatal car crash, williams is at fault on car crash in florida that led to the death of pearm in the other vehicle. palm beach gardens police told
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that williams ran a red light and became stuck in traffic and the driver of the other car tee-bone williams suv, williams has not been cited or charged and authorities say she was not under the influence of drugs or alcohol. car remains under investigation. he bangs his knee, pretty hard in the wall. tries to shake it off but can't put any weight. he's unable to stand up and eventually collapses and the teammate stands in the dug-out, called up from the minors, fowler is carted off with a season injury and the yankees end up losing the game 4-2. that's sad. rumors are swirling about who is going to replace phil jackson. kentucky head coach john reached
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out to the team to express interest in that job. knicks reportedly sate they're not interested and denies report. he tweet that is no one contacted the nixon his behalf. espn also dade eyes griffin takeover. cheryl: a lot of changes. coming up we will have the latest on the senate scramble put together a new but still controversial health care deal. and what that means for investors, actually a big hitch here. google says that they need their workforce to reflect users so they hired diversity chief but are they diverse? we are going to look. taking a look at index, slight uptick for all three major averages but big selloff yesterday and we will see if markets can recover on last day of trading and first half of the year, oil 45.31.
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cheryl: breaking news this morning, trump travel ban taking effect with no reports of chaos and confusion that well some had expected. lauren: we do i do have chaos in washington as the senate is scrambling on health care bill, question is, is that going fly? cheryl: we had a big selloff in the markets yesterday amid worries about the future of the trump agenda. there's also concerns that markets have really gotten ahead of themselves in particular tech stocks got hit hard but all major averages up 3%, last day of trading is today. right now the dow, s&p pointing slightly higher open.
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lauren: the nikkei in japan down 1%, however the shanghai composite in china 1%. cheryl: ftse pointing higher, cac in paris about 40%. dax as well. lauren: facing antitrust concerns, rite aid and walgreens dropping merger plans. cheryl: google says it needs workforce to replace users so hired a diversity chief but a new report is calling into question if they've made any progress in being a twers company. lauren: tgif, it's june 30th right here in new york 5:31 a.m. i'm lauren simonetti. cheryl: good morning, everybody, i'm cheryl casone, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. all --
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lauren: we are flying by. it's really unbelievable. we have a scale-down version of the president's travel ban. it took effect just a few hours ago last night and it took effect pretty smoothly we have to say. cheryl: we were questioning how that was going to go overnight. tracee carrasco has the details. tracee: travel order went into effect, so far no reports of protesting or chaos that we saw with the original version of the president's executive order back in january. new rules tighten visa policies, sudan, syria, iran, libya, and yemen, people from those countries who need new visa will have to prove a close family relationship or entity like school or business in the united states, the state department said the family relationship valid for entry would include a parent, spouse,
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son, daughter, son-in-law, daughter-in-law or sibling already in the united states. late thursday the administration reversed course and included people engaged to be married on the list those with close family ties who are exempt from the ban. however, the order does not include relationships like grand participants, grandchildren, aunts and uncles. journalists, lecture who is have valid invitation would also be exempt from the ban as well as any one with previously established significant contacts here. new rules came under immediate legal challenge, challengers in one of the two principal legal cases cases cases from hawaii made emergency filings asking court to clarify what the trump administration can and can't do with partial ban. legal experts say this version of the travel order is significantly scaled down. >> the supreme court really did only lift the ban in a extremely limited way and so we saw lifted
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only for people who do not have a bonafide relationship with an individual or entity in the united states. so there's a very small class of people that the ban could now apply to. tracee: with the supreme court said to consider the overall ban again in october, the rules could change once again. cheryl: it's interesting, though, it seems for now that the agency, the government agencies were much better prepared for what was to happen overnight and obviously this is very different than what we saw in january. we didn't have chaos in airports last night. tracee: they did say we are going to run smoothly with as few disruptions as possible. the confusion we saw last time, the people that were not allowed entry into the u.s., you know, they had visas before but there was confusion as who could come and who could not. that's what we saw earlier, we didn't see that yesterday. so let's hope that continues as this rolls out.
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lauren: of course, the supreme court weighed in and that affects things. trace tray exactly. lauren: thank you so much, tracee and good to see you. cheryl: senate republicans, everybody, are raising to reach a deal to replace obamacare and send to congressional budget office for scoring. they want to do that today. they are considering keeping the affordable care act, 3.8% tax, that's something many republicans oppose. >> we have a bill that needs to be fixed. i think day one, most of us had believed that it was a starting point, we were going to get a lot of things scored in. part of that was tax deduction that is were being proposed. eliminations of a lot of the taxes, some of it will stay in. some will stay in and some may not and that's tax on investment returns on families that make over $250,000 a year. that's $172 billion over a ten-year period of time which when taken or put back into the
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system would allow us to make improvements in some of the coverages moving forward for those that need it most. can he recall cheryl health and human services tom price still remains pretty optimistic. >> i think the senate will get something passed and the reason is the situation out there in the real world continues to deteriorate, the challenge is we have to make certain that we improve the market and improve it for patients and families and doctors to be making medical decisions and not washington, d.c. there's ways to do it and the senate is working on it and i think they will get it done. cheryl: moderate senators are critical of the proposed cuts in medicaid and they also want $45 billion for opioid treatment and protection for preexisting conditions. lauren: trump administration penalizing a chinese bank for helping north korea.
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blake: trump administration has been trying to get china exert interest in rogue country. in a tweet last week the president suggested that china's efforts have not worked out adding, quote, at least i know china tried. the treasury secretary steve mnuchin who announced the sanctions at the white house press briefing thursday contented that this is no way meant to target china. >> president trump and president xi have had productive conversations about north korea and we appreciate their work and hope they will continue to work with us. notwithstanding that, we are taking actions to show seriousness in which we are going to deal with this. blake: last night the president welcomed the south korean president. later president trump and president moon will have meetings as well. white house says the issue of north korea will be a major part of their discussions. back to you in new york. lauren: blake berman, thank you. fox news will have coverage at
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11:15 a.m. eastern time this morning. cheryl: another story we are watching this morning. mika brzezinski and joe scarborough, host of morning joe are delaying vacation in order to respond to president trump's twitter attack. that attack happened yesterday, the host respond today but the white house defended trump's tweets after being asked that the president went too far. >> i don't think so. i mean, i think that the president has been attacked by that program and he's been very clear that when he gets attacked, he's going to hit back. i think the american people elected somebody who is tough and smart and a fighter and that's donald trump donald trump and i don't think that's a surprise to anybody that he fights fire with fire. cheryl: fire with fire, look at this, a new fox news poll conducted right before trump's tweet about brzenzinski say 70%
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tweets are hurting the agenda to 17% that are helping to the agenda. lauren: so much to be talking about instead of tweeting. one factor in the big stock market selloff yesterday, let's talk about what's ahead for this month with david nelson, chief strategists at bell point, good to see you. >> good to see you. we saw the tech stocks getting hammered yesterday, but once again financials were up on the day. what do you make of that dichotomy and how do you think the distractions in washington are playing in to what the stock market is seeing? >> rolling corrections underneath the service. the trading wills been ferocious. i think financials are playing off the fact that president's agenda that can unfold is the roll back of regulatory overreach that we had over last
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eight years and you're starting to see that unfold with the rollback of dodd-frank. in addition, financials recently came through the stress test with flying colors so they'll be able to buy back stocks and raise dividends. cheryl: that's a good point about financials because if you look at that sector, it really has been the strength that we have seen specially this week, but the move to dividends, talk about this, does that give you pause when they are hiking dividend by 60%, do you worry that that puts them at risk? >> no, it doesn't put -- i don't think so. i think they can handle the dividend. do i take a little paz with -- pause with the buybacks. but in the case of banks, you can make the case that banks are probably overcapitalize so they have to give some of that to the shareholders. lauren: i want to talk about
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deal-making, you see wall greens and rite aid scrapping deal, we have also seen activity in the m&a sector down 17% in the year, is that because companies are saying, we don't know who the permanent ftse chairman is going to be, we don't know what the tax rate is going to be, why are we seeing less m&a and less deal making? >> that's a good question. it's not a secret that the previous administration was pretty sour on deal-making. they didn't like it. i was always suspect walgreens taking out rite aid. initially when the report came through that the deal was off the table, walgreens was actually up 4-5% premarket, gave all that back during the day during the selloff. lauren: all right. cheryl: great perspective from you and definitely sectors to watch. appreciate it. lauren: thank you. >> thanks for having me.
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cheryl: voters say the president's tweets are hurting his agenda. we just told you about it. we will take a closer look at that story. google hiring a new diversity chief tackle the slow pace of hiring women and minorities at the company. a new report is very interesting exactly what is google doing and is it the right thing? taking a look at u.s. stock market futures, beg selloff yesterday, the dow was down 250 in yesterday's session, right now dow futures pointing by 9 points, s&p as well. we will see how the last trading day of the first half of the year goes. i just like saying that a lot. we will be back in a minute
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cheryl: 5:45 a.m. in new york. let's get you caught up on what's happening now. the german parliament voted by white margin to legalize same-sex marriage, chancellor angelo merkel paveed the way that freed members of conservative block to vote according to conscious rather than party line. opinion polls say showed for years that most germans favor legalizing same-sex marriage. the country's debt is piling up faster than expected. the main reason for the large deficit, the government is collecting less money in tax
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receipts than expected and they're still spending a lot so that usually doesn't work out will. then there was this, google's effort to diversify workforce is moving at slow pace, women make up 31% of employees last year at google, same percentage as the year before. they also rarely moved the needle on other fronts. report shows the majority remain white and asian men to speed things up, daniel brown as their new head of diversity. and stock market futures ahead of opening bell, lauren, we will take it. better than yesterday's selloff. that's what's happening now. lauren: thanks, cheryl. most voters agree that the president's tweeting habit is making his job more difficult. even members of his own party say he needs to control himself. joining us to tuck about it amy, republican strategists and former nevada state gop chairman and robin, democratic strategists and former obama campaign regional field
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director. good to see both of you. amy, i will begin with you, do you agree with the poll that these tweets are bad for the president's agenda and why do you think he keeps tweeting? >> well, i do wish that he would slow down on the tweeting but you know when you have somebody like cnn reporters who are just spewing basically hate and -- and talking the way that they are, i don't see how they can't expect somebody who is known for, you know, basically being a street fighter, somebody who is known for hitting ten times harder and not have the fight on their hands. they are the ones who started it. do i appreciate the tweets, no, i wish they would slow down but they did ask for it. cheryl: msnbc anchors mika brzezinski and joe scarborough who are going to respond, this kind of thing, members of his own party want him to stop, paul
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ryan saying, look, this doesn't help the agenda. that is where we are thinking that the president might want to listen to his own party. >> and i completely agree with you there, i have to say, the leopard is not going the change the spots, we are talking about a 70-year-old, if melania asked him to slow down twitter and she couldn't get him to do it, i assert that he's not going the change. i will say that i do think that this hurts americans in general because as we have seen, it weaknesses the agenda, it puts his own agenda in legal liability sometimes, some of the things that he says his legal team has to hop right on and what we had to see sean spicer come out and contradict and all try to analyze what this gentleman has said in 140 characters or less. lauren: i'm going to give you the answer on the tweeting, amy,
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after cnn had a retract the russia story, three journalists resigned, it seemed that trump's war with the media that he was gaining the upper hand and then the tweets about mika brzezinski. >> shame on those republicans who actually came out and attacked the president, why aren't we hearing from them attack mik and joe and these are the republican who is never supported the president in the first place. cheryl: you have to admit when you have people like paul ryan, this gets nothing but for enemies. that would be health care, tax reform, you have a budget issue that's coming up right now. all of that, amy, you to admit is being derailed by the president's tweets. >> well, once again, i wasn't in favor of the tweets, but it's something that happened and now as a country we just need to move forward and we need to focus on health care and focus on tax reform but unfortunately
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you do have a media who has been vitriolic to the president and the president is winning here. lauren: that is here. the media at times very nasty with president trump. amy, robin, good to see both of you. >> thank you. cheryl: coming up seattle controversial pursuit of a 15-dollar minimum wage. what city officials did after they didn't like the results of a study? plus, back to the future, sony, why they are reviving some music magic after nearly three decades. we are taking but back in time. you're watching fbn:am
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which i cheryl: researchers telling the city of seattle that the 15-dollar minimum wage would
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cost the city jobs and take money out of the pockets of the working poor. reaction from the city, buy a new study. dan springer has details. >> when the university of washington study came out this week showing seattle minimum wage is costing thousands of jobs and actually hurt low-income workers city leaders attacked the mearnl, a team of economists at the university of washington. the group of researchers was hired three years ago to study the effect of wage experiment but city officials stop funding when they didn't like the results. >> the moment we saw that it was based on a flawed methodology and unreliable, you know, no longer speak for and we contacted professor michael. professor at the university of berkeley has done several studies on minimum wage all concluded helped low-skilled workers. as soon as seattle politicians
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knew the washington study would show significant cut in hours and pay for low-wage earners they commissioned to do study and major gave deadline, the work had to be done before the washington team announced the results. >> we are doing work that's in the public interest and the value that we place on being transparent with the city outweighs whatever reaction that they might have. >> the stakes in this war of studies are high, a national campaign called fight for 15 aims to make seattle law the federal minimum wage. so far wins new york and california. critics call egregious science of science-shopping. >> they see grinding to a halt, i think that's why they are using unseemingly tactics to try to discredit economist who is are doing their best to carefully study what's happening. >> they are not just under
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attack on those opposed, the liberal weekly and columnist also criticized them on dismissing what appears to be good critical sients in exchange for rubber stamp. cheryl, lauren. cheryl: interesting story. thank you. we should add that meanwhile in the state of maine, restaurant workers successfully lobbied to low eed minimum wage. last november to raise minimum wage but receiverrers said fewer tip and fewer shifts that. lauren: they we wanted to keep shifts and tips, if you let the market play out, you can see surprising results. cheryl: listen to your receiverrer at the restaurant. lauren: blast from the past, guys, major record label will start making records again after almost 30 years. a record, that means a record player, we will tell you all abt
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it. boy: once there was a boy who did the same thing
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again and again. one day, he was told he had autism. he got help and slowly learned how to live with it better. announcer: early intervention can make a lifetime of difference. learn the signs at autismspeaks.org. lauren: everything hold is new again. sony will resume making vinyl records because there's been dramatic increase in demand for vinyl music. younger customers, some never saw record player. cheryl: you're going to tell me you saw a vinyl record when you were a kid? lauren: we still have them. cheryl: we have a whole collection, i'm going to admit. vinyl industry will pose double-digit growth this year
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for the seventh year in a row. sony will start turning records by next month in an factory outside of tokyo. lauren: look at that. cheryl: vinyl record is back. maria: i have a few albums of madonna at home i was telling the team here. good morning, happy friday, thank you so much for joining us, i'm maria bartiromo, friday june 30th, top stories right now, 6:00 a.m. on the east coast. president trump's travel ban setting restrictions on who can come to the united states from six muslim nations. state of hawaii challenging the partial ban. health care reform on life support. today the deadline for the senate, new divisions amongst senate republicans threatening the deal but counsel to the president says it will get done. >> the american people are watching and they want to make su

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