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tv   FBN AM  FOX Business  May 29, 2019 5:00am-6:01am EDT

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well. we'll find out. that's it for us tonight. judicial watch president tom fitton, trump organization executive vice president, eric trump, national security expert cheryl: here are your market movers at 5:00 a.m. breaking overnight, terrifying twisters ripping through the u.s. from the midwest all the way to the east coast. entire homes ripped from their foundations. the extent of the damage unknown at this early hour with millions bracing now for historic flooding. we're live on the ground with the latest. huawei hits back, the controversial chinese tech company angry over its u.s. ban and trade tensions are heating up between the u.s. and china as beijing's latest threat could affect everything from the lights in your home to your smartphone. plus we're going to talk to a business owner who says their industry is drowning from tariffs. are you listening, alexa? the brand-new patent revealing
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amazon's plans to eaves drop on everything you say, all of the time. plus, artificial intelligence taking over. how it's transforming iconic paintings and your pizza. it is wednesday. it is may 29th. "fbn: a.m." starts right now. lauren: here is how your money is moving at 5:00 a.m. the selloff continues. investors worried about a prolonged trade conflict with china, that is pushing dow futures down 15 a 5 points. s&p down 16. nasdaq down 58. anxious investors piling into the safety of bonds. check out the yield on the 10 year treasury, 2.23%. oil prices are moving south this morning, down at 1 2/3%. investors are watching a in
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supply. stockpiles growing at the fastest pace in three years. let's take a look at stocks in asia. the close there, everything in the red except for the shanghai composite in china moving slightly higher. china was put on the u.s. treasury's currency monitoring list. let's take a look at europe. stocks there trading sharply in the red. all down by at least 1%. of course, the worry is this potential budget standoff between italy and the e.u. cheryl: we're seeing this kind of flight to safety in the bond market. now it's a global story. it was a u.s. story, even just two weeks ago. now investors are saying okay, time to rethink. lauren: how fast is the global economy going to slow down. that's being seen in the commodities. cheryl: welcome to "fbn: a.m.." good morning. i'm cheryl casone. lauren: good morning. i'm lauren simonetti. cheryl: let's goat the breaking news tha -- let's get to the breaking news. a large tornado touched down
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near kansas city, kansas overnight. president trump approved a disaster declaration in kansas following the tornado, as well as major flooding that occurred there. lauren: powerful storms not just limited to the midwest. tornadoes also confirmed in pennsylvania and a tornado warning for parts of new york and new jersey. more than 5,000 flights were delayed in the u.s. yesterday. so far today, at 5:00 eastern, over 600 flights have been canceled or delayed across the country. cheryl: huawei is now fighting back big-time. they have stepped up their legal challenge to restrictions on its business here in the united states. huawei filed a motion asking a judge in texas for a quick ruling in its favor, saying the u.s. government has provided no proof that the company is an actual security threat. the u.s. believes huawei's equipment could be used by china to spy on americans, something which huawei continues to deny. lauren: secretary of state mike bomb mayo in an exclusive
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sit-down with maria bartiromo says huawei is an instrument of the chinese government. >> this fight with huawei is getting worse. the chairman of huawei over the weekend gave an interview, basically saying i'm not going to take the president's call if he calls me. we don't need the united states. there's real he' espionage thats going on, isn't there? >> huawei is an instrument of the chinese government. they're deeply connected. it's something har that's hard r americans to understand. companies comply with our laws. but no president directs an american private company. that's very different in china. they just simply operate under a different set of rules. lauren: the u.s. and china trade wall and the trump administration's steps against huawei could affect the launch of the 5g internet service in the u.s. you can watch the entire interview this morning at 6:00 eastern on "mornings with maria." cheryl: let's stay with
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the issue of china. planning to weaponize rare earth in its trade bat well the united states. they are warning beijing could cut exports of rare earth. they are used in consumer electronics like iphones, electric cars and military equipment. lauren: china produces most of these materials. let's get the latest details on where the u.s.-china trade war stands from edward lawrence. good morning, edward. >> reporter: good morning. president trump saying that we are not ready yet to have a deal with china. he made those comments while talking with the japanese prime minister, shinzo abe. he did say with japan he wants to put the acceleration on the discussions but the brakes are on with china. >> they want to make a deal. i think they probably wish they made the deal that they had on the table before they tried to renegotiate it. they would like to make a deal. we're not ready to make a deal. and we're taking in tens of billions of dollars in tariffs
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and that number could go up very, very substantially, very easily. >> reporter: tariffs on $200 billion worth of imports went up to 25% on may 10th. companies that shipped out of china on may 9th will not face the increased tariffs. the last of the shipments docking this week. it takes 14 to 21 days to make the trip, 21 days is this thursday. so truly after thursday, every company that imports in the u.s. will have to make a decision, absorb the increased tariff or pass it on if they're affected. the president here also excited about the opportunity to have that trade deal with japan. he tells us that nothing will happen until after the upper house elections in japan. he wants to put the accelerator on those discussions. meanwhile, some good news out of canada. the canadians are moving forward with a vote. that will put usmca possibly being introduced to their full house of commons later today. we are still waiting to see when house speaker nancy pelosi will bring up rat ph ratification in.
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>> i understand speaker pelosi has been having very good conversations with ambassador lighthizer. i hope the larger political issues don't get in the way here. when it comes down to substance, it's a phenomenal deal. as i mentioned before, i think moving forward on usmca improves the chances for a deal with china. >> reporter: mexico's foreign minister signaling there's a good chance they will ratify usmca coming up soon. back to you. cheryl: qualcomm is asking a federal judge not to enforce a decision that it illegally squeezed out rivals in the smartphone chip market and the company plans to file an appeal over all of this. a filing yesterday in the california federal court, qualcomm said it believes it can succeed in appealing the decision in an anti-trust case that was brought by the ftc. this has been a stock story for qualcomm, the stock is down almost half a percent right now in the premarket. lauren: the boeing 737 max
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could remain grounded for another two months, maybe longer. the airline industry's largest trade group say airlines are bracing for 10 to 12 additional weeks of delay before the jet can resume service. boeing has been working on a fix to the flight control flaw implicated in two fatal crashes but hasn't submitted a formal submission to the faa yet. cheryl: we have other stories making news for you this morning. national security advisor john bolton accusing iran of sabotaging ships off the coast of the united arab emirates. bolton making the charge on his arrival to abu dhabi ahead of a security meeting with regional allies. he didn't offer any evidence to support the claims. he added that the united states is trying to avoid a war with tehran. meanwhile, facebook and twitter deleted fakes fake accounts
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originating in iran. it was part of a pro-iran social media campaign. the accounts were discovered during an investigation by an internet security firm. netflix is stepping into the abortion controversy in georgia. the company says it will reconsider doing business there if the state's heartbeat law actually goes into effect. that law if it happens would ban the termination of a pregnancy after the indication of a heartbeat. georgia has become a major production site for film and television over the last year. many production companies are now threatening to pull out of that state. well, mcken mckenzie bezos is g half of her fortune to charity. the ex-wife of jeff bezos finalized her report in april. she got a stake in the shopping giant worth over $35 billion.
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this makes her one of the richest women in the world. she is making a commitment to charity. twitter looking to hire a twitter in chief or maybe it's a tweeter in chief. wouldn't that be it? the person would be in charge of promoting the social network on its own platform. the job requires leading the company's community managers. they're flexible about where the tweeter in chief may be located. lauren: the t.i.c., the twitter in chief. now to the brewing battle over the wall. a crowd funded effort to build the wall, private citizens are instructed to suspend construction on private land. cheryl: we have more on the legal fight ahead. this is over compliance issues, correct? >> that's right. the city of sunland park, new mexico says the group that is trying to build the private border wall needs to stop
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construction because the city hasn't issued the proper permits to begin building. they ordered a cease and desist order. this is happening in a town outside of el paso, texas. the town's mayor spoke to local media on tuesday. he discussed how the project evolved in the last few days. >> on thursday we were denieden troy the --en troy the location. on friday, the owner of the property came to the city and submitted an application for a wall in the area. >> reporter: the mayor says even though the application was submitted, it was not complete, meaning construction must stop at least for right now. but the people behind the project say it's all a misunderstanding and that they received a green light to begin building. >> an official said so on thursday and friday. they told us to cease. >> in less than 60 days we've
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conceptualized and implemented the project. i think people are taking a lot of pride in that. >> reporter: we build the wall has a gofundme page which as of this morning raised $22 million to build the wall. and we expect that this will still be a controversy that is going to last for quite some time. we build the wall has been reaching out to supporters online and on twitter so far this morning. back to you. cheryl: mark, thank you very much. lauren: investors are bracing for a selloff this morning. they want to know if china just showed their trump card. will they cut rare earth material exports to the united states? that is helping to push the dow down two-thirds of 1%. still ahead, confidence remains in the u.s. economy, it's near an 18-year high. will more trade, tariff, tit-for-tat make you think twice before heading to the mall? amazon says let's be friends to new york city after the nasty breakup that canceled the second headquarters in the big happen e but mayor bill de blasio not
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going to make it easy. is the city ready to bury the hatchet? cheryl: guess not. lauren: details ahead. ♪ take my blues away. ♪ wednesday morning. ♪ it's going to be a brighter day. ♪ wednesday morning. ♪ run with us. in the unstoppable john deere gator™ xuv835. and be prepared to go the extra mile. because when others take rain checks... ...we take the wheel. with 3-wide seating, heat & a/c.
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your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. lauren: we're seeing a flight to safety in the global bond market. the yield on the 10 year treasury dumb bling once again,
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-- tumbling once again. investors are concerned about the potential impact of the ongoing trade conflict with china. gus, good morning to you. >> good morning. lauren: morgan stanley says recession risk is higher than normal. then you have comments from jp morgan's jamie dimon saying the trade war has become, quote, far more important. how is this playing out in the bond market and how worried are you? >> well, you're seeing yields come down and you're also looking at -- if look at fx, that shows that international moneys are going here too and going into the most liquid instrument, that's bonds, and it's pushing down the yield. there is concern. this has to go on for a protracted period before you have an impact on the economy in a big way. lauren: do you expect the federal reserve to come in and cut rates to put off a potential recession. >> the short answer is yes but it's when that will happen. i think they're going to give a time. this is something that might come to a head in a couple weeks. there's no reason to basically
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shoot right now you're better off holding your bullets at this point. lauren: we might have a trade deal with china in the next few weeks? >> yes. lauren: what makes you say that, because of the upcoming g-20. >> i think both countries realize it's a circular firing squad so you don't want to kill each other. you want to get your point across. we just want fair trade. that's the big thing that people forget. the tariffs that are here on chinese goods don't match what we have in terms of trying to sell overseas a and do things overseas. i think the level playing field will benefit both parties. lauren: but gus, now you have -- i'm calling it the trump card, that china is waving. they could cut those rare earth materials, those exports coming to the us. we get 80% of that material that's used in the oil industry, our energy industry. we might not have them. you can't just export this stuff from another country. so this trade war can get even worse as jamie dimon was intimating. >> the markets are discounting
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something else. 80% of them are produced over there. they only hold 40% of the total reserves. we would be able to produce it, just at a higher cost. impact costs would be higher and it would he flow into different products. in the short term, we would need things that china are he producing at this point in time. lauren: let's talk about those products. yesterday we got a report, consumer confidence near an 18-year high. at what point will the consumer say we're going to cut back on spending because we're worried about the trade remarks worried about higher prices. we get earnings today from abercrombie and fitch and dick's sporting goods. >> most americans, all they worry about is having a job. that's still out there. we're looking at short-term things. the president's trying to make things good for the long term. that's the most important thing. lauren: finally, gus, the market is down today, down five weeks in a row. do you still consider this
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short-term? >> yes. in the short term, being five weeks, yes. if we're looking at co couple hl months, that's when companies make changes for the longer term. cheryl: looking at wall street this morning, we've actually got it looks like another selloff on our hands on this wednesday. the dow is down 172 right now. the s&p is down 19 and a quarter. nasdaq is down 67 and three quarters, 68 points. the trade concerns especially the u.s.-china war continuing to weigh and making investor as they were talking about. also, we continue to follow breaking news. another tornado touching down and heavy flooding has torn through several parts of the country. we'll take you live to arkansas where they're expecting the worst flooding in recorded history. and disgraced attorney michael avenatti pleading not guilty in his fraud case against stormy daniels. you're not going to believe who hes is blaming fors his entire
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downfall and his problems. you're watching "fbn: a.m.."
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cheryl: a mile-wide tornado demolished homes, leaving a dozen people hurt right outside of kansas city. dangerous weather from the wide met to the northeast -- midwest to the northeast. lauren: the nightmare is not over yet. ray bogen is live fort smith, arkansas. the flooding and rain will be historic. >> reporter: good morning. we had a severe thunderstorm roll through here this morning. it was extraordinary to see how quickly it came through. there was rain. there was thunder and lightning. then there came some hail and severe winds and we were standing at the bottom of a hill along the arkansas river. not where the arkansas river should be, but in a flooded
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area. and as we were standing there, you could see the waterpower down this hill and then the water start to rise in the flooded area of the river and now meteorologists, because of this rain that's expected to last all day, are really concerned about flash the flooding. because there's nowhere left for the water to drain. any new rain that comes along is going to add to the already inundated river and the floodwaters are expected to rise. as you just mentioned, arkansas is not the only section of the country that's getting severe weather. last night in kansas, just outside kansas city, there was a very big tornado. at the kansas city international airport, they had to delay flights and move some of the customers into tunnels near parking garages for shelter. the storms left a lot of debris on the airfield. listen to how one witness described this very powerful storm. >> i could feel the air moving the walls.
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i could feel air coming from above. then all of a sudden i heard stuff flying around up above me. my walls and my furniture. >> reporter: the storms also led to rare tornado warnings in new york city. in staten island, there were two tornado warnings and folks were sharing pictures of golf ball size hail and lightning on social media. the president has also been following these storms. he tweeted that he has spoken with the governors of ohio and arkansas and he's promising federal assistance for the flooding in arkansas and the tornadoes yesterday in ohio. but today there are more threats of severe weather. for instance, in texas, oklahoma and missouri, there is a threat for tornadoes. then of course here, there could be severe rain all day which is rising the concerns for flash flooding. back to you. cheryl: not just tornado alley anymore. it's really spread throughout the united states. incredible.
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ray, thank he very much for the live report. >> reporter: thank you. lauren: check in on your money this morning. we're seeing more red build on the screen, down 237 on the dow yesterday, down almost 200 points this morning, dow in the red by 197. nasdaq giving up 74. former fbi director james comey lashing out in a new op ed over allegations of treason as we're now getting a glimpse as to just how hillary clinton felt when he was fired. and we're inching closer to when computers take over our lives completely. they've got their eyes on everything from your pizza pie to the mona lisa. wait until you see what artificial intelligence has up its virtual sleeve, that's coming up on "fbn: a.m.." ♪ whoa, mona lisa. ♪ this is the couple who wanted to get away
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who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go.
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expedia. thanks for the ride-along, captain! i've never been in one of these before, even though geico has been- ohhh. ooh ohh here we go, here we go. you got cut off there, what were you saying? oooo. oh no no. maybe that geico has been proudly serving the military for over 75 years? is that what you wanted to say? mhmmm. i have to say, you seemed a lot chattier on tv. geico. proudly serving the military for over 75 years. you ok back there, buddy? lauren: we've got a nervous
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market. let's get you caught up on global market action. dow is off 195, nasdaq down 71, s&p down 21. this is two days of losses this week. the 10 year treasury, the yield continues to fall, down another 3 basis points at 2.23%. worried investors flocking to the safety of government bonds. a sea of red in europe as well. the worst decliner is the french market, that's down 1.8%. and one green arrow in a asia overnight, it was the shanghai comcomposite, gaining not even 0 of 1%. as the u.s.-china trade war continues, we have to talk about huawei. they've struck back against the united states, legally. they're stepping up their legal challenges to the restrictions on its business here in the united states. let's bring in attorney misty maris and tech analyst ian wishinggrad. good morning. misty, first to you and this legal challenge. it was brought in a texas courtroom. there's a hearing on settlement
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19th. they're -- september 19th they're challenging the constitutionality of the move by the federal government and the trump administration. do they have a case? >> they're saying this legislation violates due process. so what we're going to see in response from the government is an articulated reasoning as to why there is this national security risk. so there's two parts to this. there's the legislation and huawei is saying that that violates due process, that they are essentially being convicted of a crime without the opportunity to appear before a jury. they're trying to t get an expedited result by moving for summary judgment. i think the government has good arguments. we're in an era where cyber security is very important. to the extent there's a reasonable risk, i think you're going to see some success in the courtroom. cheryl: i think that's a fascinating way to kind of describe this move by the chinese company. ian, they want proof. well, let's talk about this huge report that came out in the u.k.
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last month that said that basically that the u.k. should be banning huawei equipment and the man that ran m.i.-6 for years and years basically said no part of the communist chinese state is able to operate free, they say if you're a chinese company, you're a government company. >> absolutely. that's going to play into the arguments. that's because, look, the cyber security issues are so prevalent in today's day and age. sometimes it takes the law a little bit of time to actually catch up. so this is going to be a really interesting case and something that we're going to have to keep a close eye on. cheryl: let's talk to you about the tech angle of this. like the dutch, for instance, they're looking for a potential espionage by huawei. they've been looking for back doors in the equipment. is that easy to find? >> sometimes it feels like a lot of stuff that comes out of the country or some news we read is a littl kooky, i think it's dea.
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i think it's the right move by the u.s. government in this response. they have proof. there was articles written, saying they're trying to recreate our components. they're good at copying. it's interesting that president trump is using this as a means of negotiation. i believe there is truth to it. it's part of his larger negotiation to a trade deal. cheryl: what is the disruption in your opinion to u.s.-based companies when it comes to telecom equipment in general and 5g? 5g is the big story here because everyone wants to launch it. president trump wants us to launch it faster than the chinese. at the end of the day, 5g is the thing that 3450eub that mike pod maria about, that there's a risk with huawei being involved in the network. >> 5g, as a consumer, it's still years away. it's mostly a marketing tool for a lot of the big carriers and
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it's piloted in small areas. i don't think a change here and there is going to make that much of a difference. the scarcity issue is the rare earth that happens in china, which is a nice piece of leverage for them. if you look at who has the upper hand, i think the u.s. is a better -- has a better hand it's playing. cheryl: ian, thank you for being here. misty, stand by. lauren: we're talking about this, former director of the fbi, james comey is lashing out over president trump's accusations that comey committed treason during the russia investigation. in an op ed, jim comey lays out his argument saying, quote, the conspiracy theory makes no sense. the fbi wasn't out to get donald trump. it also want out to get hillary clinton. it continues, it was out to do its best to investigate serious matters while walking through a vicious political minefield. while comey says he wasn't out to get clinton, it doesn't seem
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like there's any lost love. in the new book we've got people from jesse jackson, to to aoc,e author says hillary clinton was happy when comey was fired by the fbi but was dissuaded from applauding in public. what do you think the odds are that jim comey will be charged? >> i think right now we're going to have to wait and see what comes out of this investigation to really see whether there were violations of the law. from what we know at this moment, there was obvious bias at the higher levels of the fbi. and i think from what we know out here in the media, we're going to learn a lot more as this investigation unfolds. what bill barr is going to be looking at is whether or not a case can be proved beyond a reasonable doubt.
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so i have to say, lauren, i would not be shocked if we saw indictments coming down the pike. lauren: how nervous do you think james comey and some folks in the fbi and cia are right now? >> i think we saw the nerves rattling as some of the documents are going to be unmasked. there's this huge controversy. so i think that you probably see some nerves because, look, what we've seen in the public eye is probably only a small percentage of what's really out there and what will come out during the investigation. lauren: the other thing to consider is how much did we outsource to our allies so maybe folks in this country wouldn't know everything. it remains to be seen, hence the declassification eventually. thank you very much. >> thank you. cheryl: former vice president and democratic presidential candidate, joe biden finally hitting the campaign trail last night in texas where he unveiled the first major policy platform of his campaign, his education policy. it would triple funding for schools with high percentages of low income students and double
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number of guidance counselors and health professionals. the plan promises to, quote, defeat the nra and since the nra's efforts to arm teachers, quote, isn't the answer to keep our children safe at school. of course, that follows several deadly shootings throughout the country over the last couple years. lauren: let's get to other headlines making news this morning. michael avenatti pleading not guilty to defrauding stormy daniels and blaming president trump for his troubles. >> i am now facing the fight of my life against the ultimate goliath, the trump administration. i intend on fighting these charges and i look forward to a jury verdict in each of these cases. lauren: a avenatti was released on $300,000 bail. hnew york city mayor bill de blasio is giving amazon the cold shoulder. he says the company won't get any help from the city if it
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chooses to move to the west side of manhattan. the mayor was addressing a report that the tech giant has been in negotiations with landlords of two new skyscrapers. walmart hired a former google and amazon exec toy b executivee chief technology officer. walmart is working to become an increedingly tech-focused company, investing heavily to boost online sales. speaking of technology, dominos is going to start using cameras powered by artificial intelligence to make sure its pizzas come out the right way. this may be a device mounted in the kitchen where they can monitor pizzas before they're sent out to customers. we're not done with a.i. mona lisa's smile may be hard to read but there is a new side to her expression. a video uploaded to youtube by russian engineers shows the iconic portrait translated into video clips, showing mona lisa
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moving her mouth and turning her head as in conversation. this demonstrates we can now produce avatars. cheryl: i always wondered what mona lisa was thinking. when you see it in the louvre, you wonder what is sheathing. there's another selloff i sellor hands. the tension between the u.s. and china, the nervousness prevalent this morning, the s&p is down 19 and a quarter, nasdaq down 66 and a quarter. coming up, the latest casualties in that trade war with china, maine lobsters. how the rising tide of tariffs is drowning the lobster industry and the state. and just because you're off your phone doesn't mean your activity is safe from prying eyes. we've got details on these powerful apps that harvest your personal information while you're sleeping. you're watching "fbn: a.m.." ♪ am i dreaming.
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lauren: cheryl: the american lobster industry becoming a casualty in the u.s.-china trade war. maine's lobster exports to china plunged about 84% once tariffs were implemented last year. maine coast lobster ceo and founder tom adams joins us now
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this morning. tom, good morning. thank you for being here. >> good morning, cheryl. thank you for having me. cheryl: this happened so quickly to the state of maine and to companies like yours in maine. is this an irreversible damage done to your business? >> yes, it did happen very quickly. we in the industry really had about three weeks notice before the retaliatory tariffs were applied to american lobster. since then, our canadian counterparts have quickly filled that supply need from china, building infrastructure, improving their logistics. that will be hard for us to overcome in the industry even when tariffs are resolved. cheryl: the canadians are shipping lobster to china. it's amazing, i mean, china consumed i was reading 18 million pounds of lobster last year. that's incredible. but this doesn't do anything for the maine lobster industry. , the canadian -- >> exactly. the canadian lobster and american lobster are the same
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species so they are in fact able to ship the same product. my company, maine coast, personally shipped over 1.5 million pounds of lobsters to mainland china in 2017 and we've seen almost all of that business go to canada. cheryl: now canada is exporting to china and that hurts you. but what about -- we've been reading countries like thailand, like vietnam, is there another export market besides china that you could target? >> yes, we have a company, my sales staff and marketing team and myself have worked very hard to expand our business into other a asian countries, more business here domestically in the united states and we have been able to do that but no single economy is going to replace the business that we were doing in china and the demand for seafood there is incredibly strong. cheryl: 18 million, i agree
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with you, 18 million. want to ask about jobs. it's not just -- it's lobster dealers, it's catchers, people that make the traps, the rope makers. has there been job losses in maine because of this. >> exactly. the lobster business in maine is worth well over $1 billion to our economy. i believe there has been jobs lost, dealers like myself have done less hiring. some have laid off people. when we're slower, so are the ancillary businesses that support us, whether it be trucking companies or freight companies, airlines. cheryl: tom, you know what? i'm so glad you came on the show today to show us the real cost of tariffs, it's something we need to talk more about, actually. tom adams, thank you very much for being here. >> thank you very much. cheryl: keep us posted, if you don't mind. lauren: now to the severe weather that is gripping the country. powerful storms are not just limited to the midwest. there's a tornado warning also
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issued for parts of new york and new jersey. cheryl: senior meteorologist janice dean is live in the fox weather center. we survived hurricane sandy, certainly. to see tornadoes in the area is pretty rare. janice: it is pretty rare. we have the threat again today. we had tornado reports across the mid atlantic and the northeast and across the plains states. in and around kansas city, they had a large wedge tornado. thankfully, did not go through the city proper but certainly outside of the city limits we saw damage and he destruction. we do have severe thunderstorm watches issued for parts of texas, through oklahoma and arkansas and i know we're talking about the tornado threat but the flooding threat is going to be dire in some of these areas, the arkansas river, mississippi river valley, the missouri river valley. so another day of severe storms including large hail, damaging winds, tornadoes. but the flooding is going to be a huge concern, not only today but the next couple weeks as all of that water has to go
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downstream. we're talking about flood numbers, close to the great flood in the 1900s. this is a big deal, something we'll be watching over the next several weeks. cheryl: thank you so much. lauren: on wall street we're seeing a rally in treasuries and selloff in stocks. the dow is down 178 points, nasdaq dropping 66 on ongoing concerns about the trade war with china. still ahead, a white sox employee throwing out what may go down as the worst first pitch ever. >> just a bit outside. he tried the corner and missed. lauren: details and much more coming up in sports and we're going to tell you about the new and maybe frightening ways that amazon's alex alexa is getting y to spy on you some more. ♪ secret agent man. ♪ secret agent man.
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cheryl: is a work stoppage coming to the nfl? lauren: jared max, there is a pretty big story brewing there. jared: we are guaranteed nfl sundays this year and next. after the 2020 season, the current collective bargaining agreement between the players association and the nfl expires. yesterday, the executive director of the players association sent a letter to nfl agents advising them to tell their clients to watch their spending, as smith wrote, quote, to plan for a work stoppage of at least a year in length. be that a result from a players strike or owners lockout. stay tuned. possible history made in
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chicago, maybe the worst ceremonial first pitch ever. cheryl: that is the worst pitch ever. jared: that makes 50-cent's pitch five years ago look like cy young. cheryl: i could have done better than that. jared: she's employee of the month for the chicag chicago wh. they say he is fine and the camera is fine. i don't know how she did it. seems like that's something you would do with a golf club. it's become a sporting events, tuning into jeopardy every night as james holzhauer i continues o play. >> that gives you a 29 day total of $2,254,938. two and a quarter million dollars. jared: that leaves him $265,000
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and change away from ken jennings' all-time winning record. at the pace holzhauer is going, he could get this done with four more shows. cheryl: stay tuned. lauren: what are the odds on that? cheryl: he's a pro gambler. we mention that every time we do the story. jared: last night he was up a little bit and got a daily double and quickly made his lead like this over everybody else. lauren: he's lucky too. jared: no, he's pretty smart. cheryl: he's calculating the daily doubles. thank you very much. fox news headlines, 24/7, sirius xm channel 115. lauren: coming up, we'll tell you about the hidden danger that attacks your data while you're sleeping. and amazon is planning changes to the use le alexa smart speakt how it could spy on you more than you think it is.
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♪ i hear the secrets that you keep. ♪ when you're talking in your sleep. ♪ i hear the secretes -- lauren: another reason to keep your personal data personal. your iphone is watching you sleep? could it be. cheryl: tracee carrasco is here. is that right? tracee: it might be collecting
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some of your personal information, some personal data, some very popular ios apps may be doing that while you're sleeping, while you're not using your phone. after hooking up an iphone to a monitoring device, the washington post discovered that more than 5400 app trackers were sending the data from the device to third parties, things like your name, your e-mail address, your precise location, phone numbers, all of that information and as we mentioned, it is busiest when you're not using your phone. how it works is the background app refresh feature that apple has that refreshes the app, makes sure it's working properly, has the latest updates, that is how they use that to send the information to these third parties. cheryl: it's an app i probably haven't used for months and months. tracee: and it's refreshing overnight. cheryl:.cheryl: amazon's alexae
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listening all the time, speaking of privacy, right? tracee: alexa may be getting more creep ethan she already is. but the device may start listening, yes, all of the time. amazon has reportedly filed a patent that you would not need to use the wake word, alexa, for it to start recording. that's how it is now. it would constantly be listening, waiting for the word. so you say alexa a, tell me the weather. now you can say what's the weather like, alexa, and it would be recording all the time. that's the privacy concern there. lauren: then you get the excuse, we're trying to perfect the ability to understand what you're saying. tracee: exactly. lauren: there's a brew fes fesl as in craft beer. what's the latest here? tracee: this one is the strange brew festival in reno, nevada. there are a lot of strange brews that people get to taste there. a few of them, mac and cheese
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jabenero. how about peanut butter pickle, garlic bread. cheryl: you don't want garlic and beer together. tracee: it's interesting. as we see the craft brewers booming, they've got to be creative, they've got to get attention. lauren: you may want to be careful what you do after you drink that beer if it has garlic in it. just saying. thank you very much. cheryl: that's it for us. thanks for watching, "mornings with maria" starts right now. maria: thanks so much. good morning everyone. thanks for joining us. i'm i'm maria bartiromo. happy wednesday. it is wednesday, may 29th. your top stories right now, just before 6:00 a.m. on the east coast. u.s.-china trade turmoil hitting markets once again. my exclusive one on one interview with the secretary of state, mike pompeo, this morning. tensions on the rise, i ask mike pompeo about concerns of a war with china. >> when you think about risk
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from a military perspective, it's all about capacity and intent. that is what do they have the ability to do and what do they seek to do? we're concerned on both fronts. maria: we'll have more with secretary pompeo this morning, including china's consideration of curbing rare earth exports into the united states. trade fears hit markets yesterday. there's a selloff at the start of trading, down in the triple digits, after finishing yesterday at session lows. huawei is taking the fight all the way to court. the chinese technology giant challenging the constitutionality of the united states limiting sales of its equipment in the country. the severe weather continues this morning, devastating tornadoes touching down in kansas. flooding and thunderstorms hitting the midwest and northeast. teenage phone use, now a new survey finds phone use

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