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tv   FBN AM  FOX Business  July 26, 2017 5:00am-6:00am EDT

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i'm jamie colby. thanks for watching "strange inheritance." and remember -- you can't take it with you. lauren: breaking news this morning. the senate takes up health care, but suffer a late-night setback when the plane to appeal major parts of obama can go to get the vote. trying to president trump rallying the faithful in ohio. turning his focus now to tax reform. lauren: today we hear from facebook stock up 40% this year. trying to figure from other stocks to watch. coca-cola and go in ahead of all the u.s. stock markets as you can see in the green.
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lauren: new allegations of collusion. up 54 points. train to a new report says bluebirds narrowing choices for its next ceo. view the packard enterprises on that list. lauren: 5:01 a.m. in new york. thank you for joining us. i lauren simonetti. cheryl: so much breaking news overnight. people in communist they appeared out of washington. lauren: breaking out of washington on a republican measure. train to repealing a place in a major portion of obama kerry of obama kerry is fit to get enough votes to pass in the senate. all of this happening last night. including ted cruz proposal
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offering one affordable care i plan to also sell other insurance plans. nine republicans voted against the measure late last night. this comes hours after vice president penn broke a 50/50 tie allowing the president on the health care bill. john mccain returned to washington to pass as crucial a guest only days after he was diagnosed with brain cancer. >> i voted the motion to proceed to allow the debate to be continued to amendment to be offered. i will not vote for this bill as it is today. it is a shell of a bill right now. we all know that. lauren: president trump continues to urge the senate to repeal and replace obama cared during the big rally in youngstown, ohio last night. >> we are now one step closer to liberating their citizens from this obama kerry nightmare.
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[cheers and applause] >> chuck schumer keeps trying to protect obamacare. >> to my republican friends who said full repeal without replace would be a disaster. to my republican friends who've opposed the deep and drastic cuts to medicaid, i say to you, don't be fooled by this ruse. lauren: what now? senators have a series of debates and votes on what can be done to have even heard hundreds of amendments introduced over the next couple days. train to the senate is working on health care. the president is gearing up to tackle his next priority on tax reform. >> my administration is working every single day to heat and honor the will of the voters.
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that includes working on one of the biggest tax cut in american history. and actually, if i get what i want, it will be the single biggest tax cut in american history. train to in an interview with "the wall street journal," the president wants to push corporate rate down to 15%. we've heard that of course before from the administration. also wants to give middle-class families a tax break even if the wealthiest americans need to pay a little bit more. in the same interview, the president also said apple ceo tim cook has committed to the three big manufacturing plants in the united states. lauren: attorney general jeff sessions announcing several criminal leak investigation. the investigations have been in the works for sometime. you will most most likely happen sometime in the next week. the increase will look at news reports which publish sensitive intelligence information.
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cheryl: sessions has been under intense pressure recently. of course i'm twitter we've seen the tweets. more on that from our own blake furman. reporter: president trump not tipping his hand on if he wants attorney general jeff sessions to resign or if you might go ahead and fire him. a news conference in the rose garden tuesday dodged saying he was was disappointed the session's decision to recuse himself from the russian investigation. i followed up in the president would not commit to any definitive action. >> do you feel the attorney general should indeed stay in his post. do you intend on firing him? why should he remain the attorney general? >> i want the attorney general to be much tougher on the leaks from intelligence agencies, which are leaking like a rarely have they ever week before a very important level.
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these are intelligence agencies. we cannot let that happen. you know many of my views in addition to that, but that is one of the very important things they have to get on with. i told you before i'm very disappointed with the attorney general, but we will see what happens. time will tell. >> he fell sessions close quote week. but after the president treated monday that sessions was beleaguered. sessions said last week he has no plan on the department of justice anytime soon. back to you in new york. cheryl: blake, thank you very much. lauren: president trump says he is still thinking about nominating janet yellen to a second term as chair of the federal reserve. he told "the wall street journal" he likes the alan and she's done a good job saying he wants interest rates to stay low. the president says his economic advisor gary cohen is another top contender for the post. cheryl: the federal reserve is going to announce the decision
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on interest rates. no rate hike is expected that investors will be looking for more detailed on when the fed is to start telling off their massive on holdings. we are told that could be september. they try to really pull the balance sheet back. lauren: we have to see how the markets react to that of course. major media giants in the works. cheryl: tracee carrascas joining us with that. reporter: good morning, ladies. we tell you about a deal between discovery communications and script networks. viacom is competing for scripps and told reuters viacom is willing to pay cash for the network operator. owning the food network and could have a $24.9 billion cable network that brings together non-scripted and unscripted programming including children shows.
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networks have been looking for ways to stay competitive with seaweed services like netflix and amazon. cheryl: i won a sound technology. a lot of news breaking out of her. >> we've heard a lot of bad things in the past few months. goober could have a new ceo by early september to replace travis kalanick. the company is a short list of potential candidates according to many sources can make whitman, ceo of hewlett-packard enterprise. she previously is committed to hpe. it's unclear who else is on the shortlist. transfer interesting to find out to get the job. is this thing people use to clean the house called the roomba. there are concerns about privacy invasion would not be not your home. what's going on here? >> your roomba maps your home and plans to sell about now. colin angle, the ceo and crater
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formed by says there's an entire ecosystem of things and services for smartphone can once you have a rich map of the home that the user has allowed to be shared. i robot could sell such data to companies like apple, amazon and google pair company alphabet. this brings that major privacy concerns. cheryl: everything from her home connected. it turns out lip is testing out a new feature on customers than it sounds kind of fun. >> this is a great idea. he may soon be able to add taco mode when you request a ride from left. riders can add a taco bell sidetrip during the ride. many writers already asked to make late-night stops and some want to but aren't sure if it's allowed. this could open a whole new world of potential opportunity for ride healing businesses. with the testing out between
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july 27 and 29 finucane between august 3rd and 5th in orange county, california between 9:00 p.m. and 2:00 a.m. the plan is to stave taco mode into additional markets by the end of the year. orange county, california. a lot of people make a run for taco bell after those late-night. cheryl: whoever the new ceo of blue beret should take up this idea. lauren: should probably go past 2:00 a.m. if you ask me. president trump tells "the wall street journal" is beginning to focus on his next which is overhauling the tax code. >> if i get what i want, it will be the single biggest tax cut in american history. lauren: going to get it done. firing a warning shot.
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an iranian vessel in the persian gulf. we'll tell you about the latest provocation. we will be right back. you're watching "fbn:am" ♪ i want to dance with somebody ♪ i want to feel the heat with somebody ♪ yeah, i want to dance with somebody ♪ with somebody who loves me ♪ talk to your doctor, and call 844-234-2424.
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♪ whoa that's amazing... hey, i'm the internet! i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. type in your idea. select from designs tailored just for you and publish your site with just a few clicks-even from your... ...mobile phone. the internet is waiting start for free today at godaddy.
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cheryl: welcome back. let's get you caught up on what's happening now.
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in a rare bipartisan vote, the house overwhelmingly passed legislation that punishes russia for connection idling. lawmakers voted 419 to three to approve the bill which includes sanctions against iran and north korea. the measure prevents president trump fred the penalties without congressional approval. train to a tense encounter in the persian gulf. the boat fired warning shots near an iranian vessel. an american sailor seem very dangerously close to them. the standoff involves the uss thunderbolt based in bahrain as part of the u.s. navy employees. the revolutionary guards later blamed the american ship for provoking the entire situation. shares of facebook with another all-time high. the stock could go higher as investors like what they hear it in their report today. keeping a very keen a very canine facebook's advertising
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revenue, particularly on instagram said the stock is up 40% this year. that is what is happening now and instagram seems to be the story. take a look at that. lauren: 165 bucks a thank you, sheryl. to repeal and replace obama cared, but republican leaders said any delay on health care will not jeopardize their plan for tax reforms. the big question is can they get it done and win? kristen tate, contributor to the hill. good to see you. >> good morning. transfer repeal and replace failing to get enough votes but they were able to proceed on an overall. my question is what happens next? >> yeah, the senate vote to move forward on health care is a major first step in repairing and replacing obamacare. we've got to remember no bill was passed. all that has happened they have agreed to formally debate the
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issue. as you mentioned, the senate voted down the gop proposal to repeal obamacare. i don't think anyone expected that to pass. i suspect they brought it to a vote to see how close they were to a replacement. not surprisingly, no democrats voted for that. republicans have really failed to come together and find a plan that can all agree on. moving forward, we will see leaders moving from gop representing different interests. a lot of americans hoping they can come together and get something done. right now we don't know what the ultimate plan will look like. lauren: the next time on the agenda donald trump is working on right now is tax reform. where do you see this going? a tax cut for the middle class come and see you working with democrats in making sure the tax cuts can last and not be temporary.
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>> i really hope so. we have the highest court rate tax rate and high taxes really hurt business and job growth week at this time. it would've been a lot better if we could have done health care reform before tax reform. it's very expensive and has all but tentacles and the tax code. there would be a whole lot more like lowering the corporate tax rate. i hope they can get something done, even if they can get the health health care reform done, hope they can get tax reform than because valladolid on the gop to get it done and it would really help the midterm election. cheryl: so glad you brought that out. newt gingrich wants tax upon legislation passed by thanksgiving. this will help strengthen the first two quarters of 2018 and if he makes a retroactive come
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in many of us will have a big refund check to spend christmas 2017. this certainly helps republicans in the 2018 date june. >> absolutely. if they don't get anything done on tax reform, a lot of gop reporters will go vote wondering why should we vote republican. republicans have controlled the congress, house, senate and white house and nothing is getting done. if they cannot get health care reform done, tax reform must still go through our eyesight and 2018 will be a very ugly election year for republicans as newt gingrich pointed out. trade out. trained as we wrap this up, i want to ask you about jeff sessions. the attorney general says he has no plans to resign, but in a "wall street journal" interview, president trump size he wouldn't quite say if he would fire
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stations, the du think sessions should continue to stay with all of that going on? can he continue with the president is doing them? >> i can understand the frustration. this is a major investigation being run by someone the president didn't even appoint. sessions never should have recused himself. this is a very unfortunate situation because sessions has been one of trump's most vocal advocates and has done a lot for trump's agenda when it comes to god in order enforcement on the border. however, because of the recusal i agree with trumpet sessions needs to be replaced. we'll see what happens but it's a messy situation right now. lauren: donald trump likes jeff sessions. kristen tate, good to see you. >> or deceive guys. trained to coming up as you may have heard, this man needs a job. >> i get thinking it's in the best interest of our communications department to not
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have too many cooks in the kitchen. trained to these people, the royal family are hiring. we'll tell you about their new help wanted ad for a royal communications director. unseasonably cool weather is about to leave in the northeast. plus storms moving across the upper midwest. janice dean the hunger forecast. the nasdaq, s&p yesterday again pointing to a higher opening at least on wall street. dow, s&p and nasdaq all pointing in the grading fractionally. we will be right back. ♪
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today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction
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include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.
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lauren: the british royal family posted a a job that i'm linked in. his landslide caveman looked tanned and brother to carry looking for announcer for the royal foundation. the linking page as merman 14,000 views as you can imagine. this is what the job description says. it will work reactively and proactively to manage the daily news flow to the media, insuring items are accurate and positively reported in received by audiences by traditional, digital and social media. the job posting unfortunately doesn't have a salary range. in pounds, by the way. this state of new york is considering the use of a device known as a text always there. it allows police to determine whether a driver was testing
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before it crashed. andrew cuomo said he headed the committee committee to at least examine the technology. critics question whether the use would violate personal privacy. seems like good idea considering the increase in deaths in crashes. lauren: felt like fall the last couple of days. you might've noticed. the question is the cool weather leaving? trade to the question is do i need to keep my jacket out today? janice dean at the forecast. reporter: let's take a look at it. cooler than average across the great lakes and northeast. we will start to feel the humidity creep up in the later part of this week. 65 in new york on the 16th cleveland. we've got a storms has done moving into warm unsettled air. showers, thunderstorms and severe storms as well. even isolated tornadoes. there is your severe threat in
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the upper midwest and a flight risk of tornadoes as we get into afternoon and evening. the heat with extremely warm temperatures again for the central plains with heat indices, what it feels like well over 100 degrees for millions of folks. very carefully the rest of the forecast. four corners region getting a lot of monsoon moisture is with potential for flash flooding in a state new york city. back to you. cheryl: i have to say i was really bundled up the last two days. lauren: i think it's very refreshing. i'm glad it's leaving no. good to see you. coming up, president trump says apple ceo tim cook is prancing to build not one, not two, but three manufacturing plants right here in the u.s. what does tim cook say? plus, it is delivery day at mcdonald's is not messing around.
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cheryl: breaking news this morning. but the debate begin. the senate taking up health care, but republicans suffered a late night setback when a plan to repeal major parts of obamacare failed to get enough votes. lauren: president trump rally president trump rally in a statement telling "the wall street journal" he is now turning to focus on tax reform. trained or investors want to hear about that. new records for the s&p announced back. the market earnings today we'll hear from this man, mark zuckerberg of facebook. the stock of 40% for part of this year. trained to hear from two dow components this morning. coca-cola and boeing.
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the dow up 20, could see record high. s&p and nasdaq will open at record highs. out of those up one to two points today. cheryl: europe really taking the lead for the u.s. markets but enough right now. there's an emergency meeting that's going to get underway over allegations of collusion among german carmakers. we will talk about it. lauren: president and ceo tim cook says apple will be building three new manufacturing plants right here in the united states. >> it is 5:31 a.m. in new york. tuesday, july 26. good morning. i'm cheryl casone. transfigured to see you. good morning, everybody. lauren simonetti. the measure to repeal and replace major portions of obamacare has failed to get enough votes to pass in the senate. the measure included ted cruz's
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proposal to offer only one affordable character plan to also sell other insurance plans. nine republicans voted against the measure late last night. all this coming hours after vice president pants broke a 50/50 tie allowing debate to begin on the health care bill. arizona senator john mccain returned to washington to cast as crucial a guest vote days after being diagnosed with brain cancer. >> i voted for the motion to proceed to allow debate to continue in amendments we offer. i will not vote for this bill as it is today. it is a shell of a bill right now. we have to know that. cheryl: meanwhile, president trump urging the senate to repeal and replace obamacare. he held a very good rally and youngstown, ohio last night. >> we are now one step closer to liberating our citizens from this obamacare nightmare.
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in delivering great health care for the american people. cheryl: senate minority leader chuck schumer keeps trying to protect obamacare. >> to my republican friends who have repeatedly said that full repeal without replace would be a disaster. to my republican friends who have opposed the deep and drastic cuts to medicaid, i say to you, don't be fooled by this ruse. cheryl: he kept going on and on yesterday on the floor. senators now expect it to have a series of debates and votes on what could be dozens of amendments. lauren: it going to take a long time. the senate is working on health care. president trump gearing up to tackle his next priority which is tax reform. >> my administration is working every single day to heat and
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honor the will of the voters. that includes working on one of the biggest tax cuts in american history. and actually if i get what i want, it will be the single biggest tax cut in american history. lauren: the president wants to put down the corporate tax cut 15% and give middle-class companies a tax break, even if the wealthiest americans need to pay more. cheryl: a little bipartisanship at the end of the day. attorney general jeff sessions is then going to announce several criminal leak investigations. sources telling fox news they been in the works for some time and likely have been in the next week. the increase will look at news reports which published sensitive intelligence information. lauren: sessions has been under intense pressure with criticizing publicly in recent
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interviews and on twitter. more on that side of the story from blake burman. president trump not tipping his hand if he wants jeff sessions to resign or if he just might go ahead and fire him. had a news conference tuesday, the president dodged saying he was disappointed with the decision to recuse himself from the rest investigation. i followed up in the president once again would not commit to any definitive action. >> you feel that the attorney general should indeed say that is supposed, that he resigns, do you intend on firing him? why should he remain as the attorney general? >> i want the attorney general to be much tougher on the links from intelligence agencies. leaking like rarely have they ever leaked the florida very important model. these are intelligence agencies. we cannot have that happen. you know many of my views in addition to that, but that's one
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of the very important things they have to get on with. i told you before and very disappointed with the attorney general, but we will see what happens. time will tell. reporter: the president was quoted same sessions was weak. on monday sessions was beleaguered. he said last week he has no plans on leaving the department of justice anytime soon. back to you in new york. lauren: blake burman, thank you. train to the feds wrapping up their two-day policy meeting today in the president says he is still thinking about nominating janet yellen to a second term at the federal reserve chair. he likes her and thinks she's done a good job in one's interest rates to stay low. the president says his economic advisor gary kahn is another top candidate. >> the fed will announce their decision on interest rates today. investors looking for clues details on when the fed plans to
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start trimming down its massive bond holdings and of course how about one that the stock market. cheryl: that brings volatility which many analysts expect it will. the president fulfilling his promise to bring jobs back to the u.s. one technology company is set be a key player in the process. lauren: a big company. tracee carrascas with bad news. >> a huge company in an interview with "the wall street journal," president trump says apple ceo tim cook promised him it would be building three new manufacturing plants in the united states. he didn't provide any other details on whether it would be built to run it could be up and running. apple didn't comment on the president's remarks, but announced apple would be launching a $1 billion fine for advanced manufacturing in the u.s. lauren: that is certainly good news. we hope that happens.
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although this obviously affecting the mood in america. cheryl: yes, it is. new data shows that consumer confidence reflects americans positive views on their situations and outlets in part to unemployment in the low in u.s. record highs. the survey found people see business conditions. the highest level since 2001. also buying plans with major appliances is down. cheryl: good news about the economy and sentiment. also ewing good news about global deliveries. >> we have always celebrating. global delivery day. if you ask mcdonald's, it is make delivery day. mcdonald's is teaming up with hubert used for limited edition geared for the collection which
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includes a bigger map printed pillow, blankets and adult size one feet. the donald's announced the launch of the clothing line to coincide with its newly offered delivery service. >> and thinking french fries sandals, ladies. cheryl: absolutely. coming up, president trump telling "the wall street journal" that the next fed chief could be entered into the white house or the current fed chief jimmy gallen. we will take a look at who could get that nod plastic company earnings with a triple digit gain yesterday. coca-cola and bowling. can they keep the rally going? we'll ask mark witten or from wells fargo what he thinks about that next. stay with us. ♪ take me home tonight
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lauren: welcome back, everybody. newly declassified memos include serious privacy violations under president barack obama under the tsa and fbi by improperly surging in disseminating raw intelligence on americans. also admitting that would slowly notify other agencies when it
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wrongly disseminated that information. fox news learning that house i.t. staff for at the center of a congressional scandal arrested and charged with bank fraud. police arresting on monday. law enforcement authorities for months had been looking into how he may have doublebilled the house for computer equipment. he was released on bail but we'll bail but will have to wear gps monitor as well as abide by curfew. he recently went for the democratic national committee which was ran by debbie wasserman schultz. coca-cola scheduled to announce its second-quarter earnings before the market opens today. forecasting a profit of 57 cents a share down 3 cents from the year-earlier. cheryl, that that's happening now. cheryl: earnings kicking into high gear. also listening closely today. announcing their decision on interest rates. mark vittner, economist at wells
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fargo is here. good morning. i want to get to earn institute. let's start with the fed statement in the language. >> this is a meeting where they don't have a press conference. it comes out at 2:00 eastern. we will be looking for any changes in their assessment of the economy. particularly inflation because it has been lower than expected and the fed has told us repeatedly this is temporary. they think it will bounce back. now it is looking like it will persist a little bit longer. whether or not that is likely, the other thing we are looking for, any clues about when the fed is like me to begin to reduce the size of the balance sheet. >> most analysts and and a believer in the program is the same september sounds about right for the process. do you think that's going to create market volatility? >> of it goes as planned, i don't think it will create a lot
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of market volatility. the plan is that they will announce it very soon. hopefully in the next couple months. they will imply they are going to do it in september. the fed nuances everything they don't want to give everything away because they don't know what's going to happen in the budget process are geopolitically around the world between now and september. cheryl: nobody knows. we wish we did. lauren just mention coca-cola is coming out with their numbers. are you feeling about earnings with the big-name chalet and bowling, florida as well. >> boeing and coca-cola are two great companies to look at. global demand is strengthening of the waste and cost analysis over the past few weeks.
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it would be interesting to see what's happening with this is and orders. with coca-cola it's interesting to look to see earnings. those are things as economists would like to pull away from. two good companies give us a rare look into what's going on around the world to consumer demand and orders for big aircraft. cheryl: i've got 10 seconds. facebook, would you expect? they make such a rapidly growing company. look and see what is happening with their ad dollars and is technologies. cheryl: mark vitner, thanks so much. great to see this morning. >> thank you. cheryl: incredible triple play by the new york yankees. a brain disease and football players. jared max coming up with your sports. the u.s. is on the verge of
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making a major trade deal with the u.k. we'll go live to london for a full report to see new record highs for the dow, nasdaq and s&p today. s&p of three, dallas 27. we'll be right back. ♪ i like russo. his on/off splits are the best here. yeah, but his offensive win shares didn't even break 4. come on, check out that stop-and-pop! what do you think? my trade-off analytics indicate no one creates more space on offense. this allows him to nail a jumper from a densely populated urban area. what you're trying to say is from way downtown? i am still learning. i can see that.
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to do cheryl: world of. it was a twofer tuesday of baseball. lauren: jerrod maxey with all
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those details. >> good morning, laura cheryl. never before on the same day. one team had to grand plans for another team hit into a triple pl. the last time todd frazier's privately saw him on the field at yankee stadium. 1998 in the little league world series derek jeter. something he elthe yankees scored unlikely run last night. his parents were there to see him. his first home game of the yankees. bases loaded up the grounded middle against the first two outs. as he gets caught in the rundown, this is where they say get yourself caught in a rundown. he could come around to score. they wound up winning the contest last night up to four. 47 years in the last time i had a triple play scored like that. in cleveland, second inning against the tribe.
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six nothing laid. cleveland 17 nothing. fast-forward 11 inning. a grand slam. the indians take the game 11-7 on the second place royals. he did the field last night as a member of the san francisco giants leaving the game of boston red sox. in a two run double scored the final run removed in the fifth inning and proceeded to hug it out with several teammates. south of boston. núñez will join the red sox friday. first victory for madison baumgartner. a victory for soccer star cristiano bernardo on the highest-paid athletes. based on data from "forbes," we get the good bank accounts being fed $93 million this year. 59 for salaries or 35 million from endorsements.
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lebron james had 55 million the rest in salary. quartet 64 million. nba finals just over 60 million good gophers football player on the list at six. according to the american medical association. donated for research shows find the degenerative brain disease. 110 out of 111 players study looked at the brains of 202 former football players of the nfl all the way down to high school and 177 out of 202, nearly 90% showed signs of cte. cheryl: that find this fascinating. the nfl still doesn't want to quite embrace the issue of cte and better protect players. >> they don't want no embrace the reality of what to place.
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we were growing up you could smoke cigarettes on airplanes. now you can't having a cigarette outside. we know too much about this. the people who sign up to play obviously no that one day their lives will probably be shortened or greatly affected by playing football. this is a conversation for parents across the country. lauren: starting at a young age, are parents going to let their sons play football? he meant fewer will be doing so today. americans have this addiction with the nfl, football. contracts, gambling, fantasy sports, salaries. it's a huge part of the american fabric and yet we are learning playing football is extremely dangerous to your health outside of the street. cheryl: more on this. you can of course catch him on fox news headline 24/7.
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thank you on the jerrod. lauren: president trump season major trade deal with united kingdom. you are watching "fbn:am." you always pay your insurance on time. tap one little bumper and up go your rates. what good is having insurance if you get punished for using it? for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance.
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lauren: president trump does "the wall street journal" his administration is negotiating a major trade deal with united kingdom. joining us now with that story,
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high reba. >> good morning. yes, we are expecting a pretty expansive trade deal that can cover a range of industries from agriculture to financial services. president trump has treated about this and made comments about this. the aim would be to read something by 2019 when the u.k. at the. although it may take longer than that of the u.k. and that the transitional field with the european union which means it's not allowed to make bilateral deals for a little bit longer than that. cheryl: the u.k. gross domestic product was actually a pretense of 1% of the second quarter. is there reaction good they are in europe? >> not really. it's been pretty subdued. this is up a little from the first quarter about half the pace of growth last year. people are a bit worried whereas elsewhere in developed markets you've got pretty good growth in
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kind of a slight weak inflation in u.k. you've got some strong inflation, lackluster growth. the ftse up a little bit because the pound fell a little bit after the release. people expecting a pretty big reported not that they got. lauren: do we have any news coming out on allegations of collusion among major german otto makers? >> we don't know. we will have to wait for an official statement. it will depend of course on whether or not there actually was price setting and whether or not it will take quite a while to see whether that constitutes collusion. lauren: looking at shares of volkswagen right there. thank you for your time this morning. >> is for having me. cheryl: the markets are looking good in a lot of news coming out of washington overnight. as you can see, and other higher up in. if we get another record today. lauren: the last and i will be the dow today. maria bartiromo taking you
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through the next couple hours of trading. good to see you. mornings with the restarts now. maria: good morning to you and thanks for being with us. i maria bartiromo. it is wednesday, july 26. top stories at 6:00 a.m. on the east coast. the first option to repeal and replace obamacare fails to the senate with niner public had no vote. the president warning them to get that job done. >> every republican running for office promised to repeal and replace this disastrous law. now, they must keep their promise. maria: it comes after an emotional return for senator john mccain who passed a key vote to move the debate on health care forward. tax reform now on the table. president trump telling "the wall street journal" that the

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