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tv   FBN AM  FOX Business  September 22, 2017 5:00am-6:00am EDT

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lou: no forecast, no prediction, no judgment, no opinion. he's shown us all wrong, he does know what he's doing. cheryl: breaking news this morning, new threat from north korea. threatening to test a hydrogen bomb over pacific ocean after called mentally deranged. dagen: u.s. stock market futures selling off from rogue nation. dow breaking a nine-day winning streak. take a look at how futures are holding off. cheryl: ftse still lower. dagen: in asia, japan's nikkei falling 1 quarter of 1%, losses
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across the board. cheryl: equifax cannot seem to get it right. sending victims of massive data breach to a fake website. ceo's heading to capitol hill. that'll be fun. fbn:am starts right now. dagen: 5:01 a.m. in new york city on friday, september 22nd, the first day of fall. good morning, i'm dagen mcdowell, in for lauren simonetti. cheryl: feels like fall. dagen: i broke out the wool this morning. cheryl: we have equifax coming up later in the show. ceo and capitol hill next week, that'll be a good time. dagen: it's not just the hack and the data breach, it's how they've handled it. a fresh nuclear threat from north korea. the country's foreign minister
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saying that pyongyang may conduct hydrogen bomb test, nuclear armed missile over japan. the north top diplomat made comments last night on side lyons of a united nations gathering here in new york. cheryl: kim jong un called president trump deranged in a rare personal statement on state media. he also said that trump would pay, quote, dearly for his speech to the un general assembly. on tuesday trump said that the u.s. will totally destroy north korea if washington is forced to defend itself or allies. the foreign minister to take the podium later today. dagen: president trump signing an executive order to impose new sanctions on north korea, under the order the u.s. will punish individuals, companies or financial institutions doing business with the north. cheryl: blake berman has the details from the white house. blake: it is either business with us or business with them.
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that is the threat of president trump's new executive order regarding north korea. new guidelines signed by thursday as he met with leaders of south korea and japan targeting individuals who make deals with rogue nation along with financial institutions that do business. >> do business with the united states or or facilitate trade with the lawless regime in north korea. >> the president revealed that china's central bank decided to lock out north korean customers, however, treasury secretary steven mnuchin insisted that the new executive order is not geared toward largely toward china. >> this action is directed to anyone. it is in no way specifically directly to china.
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targeted to north korea and anybody who wants to do trade with them. blake: when asked about it, he responded simply by saying, why not, back to you in new york. cheryl: for more on this let's bring in gordon chang. columnist for the daily beast and author of nuclear showdown, north korea takes on the world. gordon, good morning. >> thank you so much. cheryl: what do you make of the new sanctions? this is companies, financial institutions, this is individuals and this is china, do you feel good about this move? >> i feel really good about this because this move is significant and it does mean what president trump said, either do business with the north koreans or do you do business was, now the real issue will be enforcement. the treasury department now has all the authority it needs, but it needs to go around the world mopping up all of these flows of funds into north korea and it's not just china, we are talking about a dozen countries in
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africa, and we are talking about countries around the world, so this is going to be an important exercise for treasury and i hope that they have the staff to be able to do this because people have been saying that even before this announcement with much less authority, the treasury staff was overwhelmed. cheryl: that was my question, gordon, can we enforce the sanctions, not just from our side with staff and treasury to your point but via the chinese? the chinese have had an investment particularly migrant labor. it's benefited them to be a partner and ally of north korea at least financially so. are they going to be really willing to give up that relationship. they'll be only willing to do that if the u.s. imposes costs on china and actually goes through with sanctioning entities that do business. every financial transaction involving dollars except those
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in cash leave some sort of fingerprint in new york. so that treasury will be able to track people that violate these rules but it's going to be very hard because there are a lot of transactions and dollars and dollars dominate currency in the world. it's going to boil down to not just the chinese attitude, they are not going to want to do this despite order, what will happen is they will do this if the u.s. is vigilant. cheryl: gordon, what do you make of the new threat, that they may test hydrogen bomb over the pacific ocean? we haven't had test of 1980 and by the way that was the chinese that did it. how concerned are you about what the prime minister said? >> threat was actually something that people had talked about -- that would be made eventually by the north koreans. they're pretty good at carrying
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threats. they don't always carry through when they say they will but eventually they get around doing most everything they say. unless the united states really goes after these guys, they probably will conduct an atmosphere of test. the one thing that's significant despite insults from kim jong un and despite from the foreign minister, the foreign minister postponed un general assembly speech that was supposed to take speech to some indefinite time in the future. that means the north koreans hadn't figured out how to deal with president trump. there's a lot of confusion in pyongyang. cheryl: that's interesting, that's a very good point specially what we have seen this week. appreciate it. >> thank you. dagen: puerto rico trying to recover from the devastation caused by hurricane maria. at least 32 dead and they've been reported across the caribbean so far but the number
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is expected to rise. the storm knocking out the entire grid across puerto rico leaving the u.s. territory 3.4 million people without power. in the meantime the u.s. coast guard releasing video of dramatic rescue in puerto rico. a mother and her two sons left stranded on a cap-size beat desperately waving for help. crew could not get there in time to save a british man stuck inside of the boat. this as san juan opens this morning to accept much needed supplies including generators. cheryl: we got the update from the national hurricane center. the eye of the storm is over turks and caicos, the storm continues to move toward the u.s. if things weren't bad enough already. equifax directing customers to a fake website. dagen: tracee carrasco joins us with more and other headlines,
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good morning, tracee. tracee: good morning, ladies, one misstep after the other. equifax has been sending victims to have massive data breach to a bogus website that shares similar address to the one originally set up to help victims. the company set up the website security, equifax2017.com, well, to prove that point, a developer created this site, security equifax 2017.com a simple flip and what did equifax, they tweeted that incorrect website not once but three times to customers. will smith testified about mishandling of data breach. it gets worse every single day. cheryl: it really does.
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dagen: facebook ceo to discuss russian interference. tracee: they absolutely have. facebook, they said that they would turn over those congressional, those ads to congressmen regarding the russian-backed ads that they are being investigated for. ceo mark zuckerberg facebook would take steps to increase political transparency. here is what he said. >> maybe the most important step we are taking. tracee: facebook live message. measures include disclosure requirements for political ads on facebook. platform boosting process and adding more than 250 employees to team working on election integrity. more than double tlg size of that group, however, zuckerberg said facebook will not review
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post or ads prior to the site. cheryl: he's on notice now. okay. when i was a kid, i loved trix cereal. tracee: after rolling out the new natural trix, there was a major backlash with negative emails, slamming the look and taste of the new cereal, so next month the classic trix will return to grocery stores. one person said it was like eating a salad. dagen: i don't think that those childhood cereals take very good as adult. captain crunch tears your mouth
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trying to eat it. tracee: they all taste like sugar but as a kid you love them. dagen: exactly. thank you so much, tracee. cheryl: we are keeping eyes on washington as the senate prepares to vote on controversial health care bill to repeal and replace obamacare, is this even going to work? we will talk to the first female physician elected to congress. and then there was chaos at the un. violence breaking out in an event involving turkish president erdogan. we will show you more of what happened. you're watching fbn:am. ou brushs you may have gum problems
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dagen: welcome back. let's get you caught up on what's happening now. chaos erupting in new york city hotel where president trump erdogan was giving speech. protestors calling terrorist and kurdish flags. protestors escorted out. no major injuries reported. the death toll from massive méxico earthquake has risen to 273, rescue workers continue to search for survivors this
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morning. president trump traveling to alabama today to rally support for campaign to fill jeff sessions' senate seat. citizens for trump campaign group publicly endorseing moore calling him the clear choice. the candidates face a runoff election next week. catch our live coverage of the president's alabama speech tonight tonight from 8:00 to 9:00 with trish regan. cheryl, that's what's happening now. cheryl: busy day for president trump. he's also going to be pushing for the repeal and replace and here is the thing. republicans last ditch effort to repeal and replace obamacare is getting a lot of criticism from both sides of the aisle, the concern here the preexisting condition, but the coauthor of that bill, senator lindsey graham says, not so fast. >> there's a mandate in this bill that goes with a block grant that every state in the nation must cover people with
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preexisting conditions so not one person is going to be denied coverage in any of the 50 states, nobody can be denied coverage because of a preexisting illness, nobody can be kicked out of insurance and cost has to be affordable and credible within the lines of the chip criteria and in 20 years, no one has ever complained about insurance coverage under chip. that's a lie about the left. cheryl: joining us with her thoughts, former congresswoman hayworth. also a member of the donald j. trump for president advisory board. good morning. >> good morning, cheryl. cheryl: big controversy. this is where political spending started in certain states is preexisting conditions, there's concern from the left that states are going to use these waivers and the insurance companies are going to jack up prices for preexisting conditions, is that a fair concern?
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>> you know, it's always a concern that we share as americans but not a fair concern about this bill, cheryl, there have been specific, there's specific language in the bill to say that coverage must be adequate, must be appropriate, must be available and accessible to patients with preexisting conditions as has been the case with obamacare. so that has not changed and it is unfair and wrong to accuse this bill of not covering preexisting conditions and it will. cheryl: but even if the states have that power and i think there is some concern about the language, but let's talk about the individual, the employer mandates, they want to get rid of that, the states will have more power and then the funding, i'm curious about that because there's reduction of federal spending in this bill over the next decade when it comes to the grants of the state, the states will really start to step in themselves to fund health care.
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do you think the states are going to be ready for this financially? >> you know, cheryl, it's much more fair to americans as a country because right now massachusetts, california and new york consume most of the medicaid funds that have been allocated through obamacare and that leaves, you know, the other 47 states wanting, so we have to try to make this more fair, more balance and more equitable and the way to do that is to give each state much more ability to innovate, to custom, tailor medicaid plans and insurance requirements, allowances for more affordable plans for people who don't want to be pushed into government insurance and this bill would allow people to do that and, cheryl, one of the
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reasons actually that so many people, 30 million more people have been thrown into medicaid over the course of obamacare and one of the reasons that a lot of people have either lost jobs or have gone to part time employment. eliminating the employer mandate will actually help put those folks back to work and they will have more power in control to buy the insurance that they need. cheryl: nan, it'll be interesting this week. they are up september 30th. we are going to be all over it. nan, thank you for joining us this morning. you're a great voice on this. >> thank you, cheryl, pleasure. dagen: coming up, you won't believe this one, gatorade being fined and bad for discussing its chief rival, water. in sports los angeles rams holding off fourth-quarter comeback by san francisco 49ers
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and new and tragic twist of troubled aaron hernández. you're 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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dagen: gatorade reaching a settlement with the state of california on how it portrays use of water, refuel olympic runner and and avoid water. bolt's fuel level going down after drinking water but up
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after drinking gatorade. that is is government in action for you if you live in california. that's what they are concerned about. [laughter] cheryl: that's where your tax dollars are going for. you need both. dagen: can we give you a promo that you'll be running the marathon. cheryl: i will be consuming both. it was the west coast battle on thursday night, football, the los angeles rams held on 49-31 win over san francisco 49ers. quarterback threw for touchdown and rams nearly blew a 15-point lead giving up two late touchdowns and fail to go recover on-site kick. los angeles dodgers on the brink of taking nfl title despite
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recent stumbles. the dodgers ended four-game losing streak. they clinched a tie for the nl west title and can win the division tonight. dodgers won for the first time in 26 games. and researchers say that former new england patriots aaron hernández had severe case of brain disease cte. director of the cte center says that hernández had stage three of the disease which can cause violent mood swings, depression and other cognitive disorders, hernández killed himself in april while serving life sentence for murder. that story does not stop. dagen: you can only truly diagnosis ct at death once autopsy done on the brain. many, many players suffering from that. coming up, california taking the trump administration to court over the border wall. but attorney general jeff sessions vowing to fight and win
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and it's first day of fall, starbucks has a new drink for autumn, alternative, you can ditch the pumpkin spice latte, gasparino, i'm kidding, inside joke. 30-point loss of dow future after loss yesterday of 50 points. investors seem shaken by north korea, you're watching fbn:am 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.
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latest. dagen: u.s. stock market futures selling off on the latest threat of north korea. dow breaking a nine-day winning streak yesterday and you do have some nervous investors, 31-point loss on the dow futures now. cheryl: we have europe under pressure. they opened up under pressure. dagen: in asia japan's nikkei losing 1 quarter of 1%, losses across the board. biggest loser hang seng and hong kong, down eight tenths of 1%. cheryl: mercedes benz making a billion dollar bet they can take down tesla ceo elon musk. we have the story right now. ♪
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dagen: 5:31 a.m. in new york city on friday september 22nd. it is the first day of fall. good morning, everybody, i'm dagen mcdowell in for lauren simonetti. cheryl: i'm cheryl casone. people are nervous about north korea. dagen: nervous about north korea and the federal reserve begin to go remove stimulus and maybe raising rates at tend to have year, that has to shake up investors. cheryl: good interview. we have a lot of breaking news in particular on the same topic and this is north korea. you have the fresh nuclear threat from them, the country's foreign minister saying that pyongyang may conduct a hydrogen bomb test over the pacific ocean. that means kim jong un could fire a nuclear armed missile over japan. the top diplomat made comment here in new york. dagen: hours earlier kim jong un calling president trump deranged in a rare personal statement on state media. kim also said that the president
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would pay dearly for his speech to the un general assembly. the president, remember, said on tuesday, the u.s. will totally destroy north korea if washington is forced to defend itself or our allies. cheryl: in the meantime president trump signing executive order to impose new sanctions on north korea, will punish any individual, company or financial institution that does business with the north. dagen: blake berman has the details from the white house, blake. blake: it is either business with us or business with them. that is the threat of president trump's new executive order regarding north korea. the new guidelines signed by the president thursday as he met with leaders of south korea and japan target individuals or entities that engage in certain kinds of trade with the rogue nation along with financial institutions who facilitate the cash flow. >> foreign banks will face a clear choice, do business with the combriets -- them or with
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the united states. blake: victory for the president who has been demanding china exert more influence over neighbor. the treasury secretary steve mnuchin insisted the new executive order is not geared largely toward china. >> this action is directed at everyone, it is no no way specifically directed at china. this is targeted at north korea and anybody that wants to do trade or business with them. blake: when asked about it, he responded simply by saying, why not. back to you in new york. dagen: thank you, blake. california's attorney general filing a lawsuit against the trump administration challenging the construction of a border wall, but u.s. attorney general jeff sessions vowing to fight and win that lawsuit. cheryl: fox news william has all the details.
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>> if it happens in our backyard, we demand that it be carried out in the right way. >> california attorney general javier bacerra put into effect to stop wall. >> the list of of laws violated by the president's administration in order to build his campaign wall is almost as long. >> congress already appropriated 20 million-dollars to repair border fence and begin construction of wall prototypes, some concrete, others steel, but california says the trump administration must file environmental impact statement and attorney general jeff sessions. >> well, in the united states anybody can sue but the united states of america has a border, the united states government has control of that border and a responsibility to secure it. >> congress gave the federal government a waiver from
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environmental laws turned secure fence act of 2005. becerra that authority expired. >> we would expect to be fully successful in moving forward with border wall as congress gives us the money to do so. >> becerra has filed more than 2 dozen lawsuits, including daca, sanctuary cities, student loans and methane emissions. >> it's not whether it's efficient or something, you will do something to the barrier and you do it according to laws that we have in the country and in our state. >> border patrol is preparing for protests as early as next week as construction is set to begin on those border wall prototypes just a few miles from here in san diego unless california gets injunction to stop it n. san diego william, fox news.
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cheryl: we are getting breaking news right now in fox business, iranian president is vow to go boost his country's missile capabilities. now this as iran's revolutionary guard unveiled latest missile that has range of 1200 miles and including israel. dagen: un has restrictions relating to testing of ballistic missile so it's also a front to the united nations as well. let's move on. mercedes making the push toward electric cars. cheryl: tracee carrasco has more on that and other headlines, tracee, good morning. tracee: mercedes benz said it will invest into expanding u.s. manufacturing operations, a move that will support operation of electric cars, mercedes benz plans to add suv's to production
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lines in alabama, mercedes will open a battery plant near car assembly facility. the investment will create 600 new jobs, the alabama plant creates 3700 people and construction will begin next year. cheryl: it is mercedes. i have faith. okay, i love food. all right, tgi fridays is doing deliveries, if this is true, i'm very happy about this. draws draws plus something else. they are going to deliver beer and hard liquor along with food orders through the restaurant's mobile app. you want to ad alcohol, the delivery driver makes stop to store and goes to fridays and delivers the whole thing in nice package. it will begin testing concept in texas in november and if it is successful, fridays plans to roll it out nationwide in 2018. now they are going to be checking id's when they come to your house so no underanal
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drinking. dagen: and those frozen drinks don't travel well. [laughter] tracee: exactly. dagen: let's move onto another drink. a fall drink that made debut today. tracee: move over pumpkin spice, maple pecan, expresso milk, maple syrup and pecan. consumers might be suffering from pumpkin spice fatigue. cheryl: there's pumpkin everything. tracee: there is pumpkin everything. dagen: you want me to show you the face when you said maple pecan. tracee: it's not as sweet as pumpkin spice.
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dunkin has their own maple menu, so of course, starbucks has to follow. [laughter] cheryl: spoken like a true southerner. dagen: with bourbon. cheryl: we did that too. musicians are going to back victims of hurricane harvey. ♪ ♪ cheryl: willy nelson in austin, texas. how do investors react over hydrogen test over the pacific? you're watching fbn:am.
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cheryl: welcome back, let's get you caught up on what's happening now. the trump administration is sending government workers to school after recent leaks from the white house. mandatory training session to
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teach them how to supply -- some ply with rules and leaking. executive branch agencies have been ordered to take part in antileak training. hewlett-packard enterprise reportedly plan to go cut workforce by 10%. the company slashing 5,000 jobs. that starts at the end of the year. hp enterprises facing increased competition. former mafia hitman has been released from arizona prison five years early. he helped authorities bring down john goddi, now 73 year's old. he will remain on federal parole for the rest of his life. finally this, texan and a good old boy, willy nelson with concert, harvey, can't mess with texas, benefit foundations rebuild texas campaign for hurricane harry relief. the sold-out concert, james
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taylor, we are on our way. dagen: i'd go for low. in the meantime the war of words with president trump and rocket man kim jong un rattling markets overnight. the north korean leader calling president trump mentally deranged. the country's foreign minister threatening to test a hydrogen bomb over the pacific. joining us belpoint e strategists dave nelson. again, markets have been, investors have been very, very complaisant about the threat? >> probably not, dagen. markets once again are yawning to the latest news that the foreign minister made remarks, what was unclear this time is whether or not he was speaking for himself or the regime. he used the words in my opinion
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when he was speaking about potentially detonating a nuclear device over the pacific. investors have learn today buy the dip or when there is one proven profitable and until it doesn't, they will keep on doing it. dagen: the dow snap a 9-session winning streak yesterday. if you start thinking about all the risks particularly here at home it would be the federal reserve of removing accommodation as it begins to unwind the 4 and a half trillion portfolio of bonds. again, it just seems like that investors are ignoring some major threats to this stock market boom. >> they are threats, dagen, you know, we live in a world right now. we have growth literally around the planet. that's good markets, it's good news for investors here in the
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united states. 40% of s&p renew comes from overseas and if those markets are doing well, that means our customers are doing well. companies like boeing and others. dagen: first time in a decade that you've had all 45 developed nations growing at the same time with the economies and i think 33 of them are actually growing faster this year than they were last year, but that being said, if you were risk, how do you put balance because buying u.s. treasuries does not pay? >> you bring a big point. the challenge for portfolio managers in the future is bear market is likely one where both stocks and bonds, i think we will need something more than bitcoin to take care of us.
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dagen: right, agriculture, maybe. >> maybe. dagen: david nelson. cheryl: a lot to watch for today's market certainly. we continue to track hurricane maria over turks&caicos. leaving the u.s. territory with now power, no phones and unprecedented destruction. maria still category 3 storm. she's regaining strength. we have fox senior meteorologist janice dean with latest storm and weekend forecast. check u.s. stock market futures ahead of friday market, the dow pointing lower by 25, s&p nasdaq as well slightly in the red. you're watching fbn:am building a website in under an hour is easy with gocentral...
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cheryl: puerto rico trying to recover from the devastation caused by hurricane maria. 32 deaths reported across the caribbean so far but the number is expected to rise. the storm knocking out the entire grid. the power grid across puerto rico leaving the u.s. territory 3.4 million people 100% without power. rescue efforts are continuing this morning as soon as the sun comes up. damaged cell phone towers have crippled communication, damage estimates already in billions and we should add that u.s. military forces are ready to get onto that island today and to begin the help those people put together their lives back. well, hurricane maria still a category 3 storm, she's regaining strength and there she
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is. meteorologist janice dean live in weather center. how is it looking, janice? janice: turks and caicos under warning because the storm is close to them and we could be feeling the effects of forced winds, the storm surge unfortunately. continue moving northwest, latest 5:00 a.m. advisory and going to continue to kind of move north ward and then we hope curve towards northeast and also steadily weakening which would be great news but still major hurricane at least for the next 24 to 48 hours. there are the computer models as we go out further in time. consensus is right between bermuda, five days away. those are our two reliable forecast models, the euro gets pretty close towards cape, we
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will watch that. eventually also north and east but a little close to coastline. here is prediction, 13 storms, 7 hurricanes, four major hurricanes, the average is three and we are only halfway through the season. we will have to monitor it. the good news is nothing on the horizon for the next five to seven days in the atlantic, also worth mentioning, cheryl, first official day of fall here in new york. 82-degrees, warm weekend, looks like short-term still very warm across the northeast. look at chicago. 94-degrees. back to you. cheryl: on my way to chicago actually. nice and warm. i have to say, janice, big complement to you, you called this hurricane season, you were on the air saying this months ago that this was what we were up against and you were
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absolutely right. >> well, listen, the national hurricane center is our home base and they have been amazing with their predictions, obviously, you know, with a lot of tragedy unfortunately, but the predictions are getting better, the science is getting stronger so that's the good news. cheryl: janice, thank you very much, have a great weekend. we have a lot coming up. obviously global markets are reacting now to new threats of north korea but is this going to be short-lived for the rest of the day into next week? we have a live report from london coming up. we will be right back. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪
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cheryl: markets selling off a bit after latest threat of north korea that they will test hydrogen bombs. global markets reacting this morning. mike, good morning, we are watching the new threat and investors around the world seem to be finally taking notice that north korea is a problem. >> good morning, cheryl. they are paying a little bit more attention as the rhetoric gets more severe here, you might see some more of that. you see a move into safe havens this morning, swiss frank and the japanese yen. but what you're seeing is different. people are a little bit scared at the moment.
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we have seen this happen a series of times through the summer, tensions over the weekend, this usually happens, stocks dip when people come in monday morning and by wednesday, they are back where they started again. they are really not getting much of a reward for selling off. i don't know how long this will last. we are watching british prime minister theresa may, what is she expected to say. >> we are now six months into the process of triggering article 5, official exit of the eu, only meant to last another 18 months. what the speech will be about is the realization that that's not long enough to work out the relationship with the uk and the eu will have. we will talk about transitional arrangement with uk keeping most parts of eu membership and negotiators will continue, yeah. cheryl: mike, thank you very
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much, appreciate it. >> thanks. cheryl: that is it for now but it's time for maria bartiromo, mornings with maria by the way her guest includes founder of the world's largest hedge fun ray dalio. great interview. maria: we are looking forward to that special interview. thank you, cheryl. happy friday to you, friday september 22nd, top stories right now 6:00 a.m. on the east coast. a dire warning from north korea now. kim jong un delivering a fiery statement calling president trump deranged, promising the united states will pay dearly after the commander in chief's issued a new executive order that targets anyone who trades with the hermit kingdom. >> a new executive order i just signed that significantly expands our authorities to target individuals, companies, financial institutions that finance and facilitate trade

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