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tv   FBN AM  FOX Business  June 7, 2019 5:00am-6:00am EDT

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that's it for us. we thank you for joining us. good night from new york. see you hereby tomorrow. thank you. lauren: here are your market movers at 5:00 a.m. tariff tensions building, days away from new tariffs set to take effect on monday, president trump planning a national emergency to impose tariffs on mexican goods to help solve the crisis at the border, while u.s. and mexican officials try to firm up a deal. will it be enough and who stands to lose the most? a hard turn on the road to 2020. former vice president joe biden doing an about face on abortion. bringing him more in line with the rest of his party. is it enough to secure his spot on the dems' ticket. the warning from car makers, they say president trump's rollback on pollution standards could create instability for manufacturing and hurt the companies in the end. was this really just an example
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of be careful what you wish for? we discuss. people everywhere glued to smartphones, they've almost become an extension of their hands. one company wants to pay you to give it up for a week. we'll have details. it is friday, t.g.i.f., june 7th. "fbn: a.m." starts right now. cheryl: here is how your money is moving at 5:00 a.m. investors are gearing up for today's may jobs report. expectations for 185,000 new jobs added but futures are higher. investors seem to think a bad report may be on the horizon. that could push the fed to act. the dow up 76 in the premarket, s&p is up 8, nasdaq up 26 and three quarters. europe, another possible rate cut story going on here. markets higher. there investors are looking for the ecb to act against a weak piece of economic data that came out for those markets.
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the ftse, cac and dax are higher. rate cut hopes happening in europe as well. now to asia, the chinese and hong kong markets are closed today. the nikkei in japan up a half a percent and the kospi up just a fraction. lauren: welcome to "fbn: a.m.." i'm lauren simonetti. cheryl: good morning, everyone. i'm cheryl casone. lauren: the white house is expected to renew calls for a national emergency surrounding the crisis at the border. it could impose tariffs on mexico for not stopping the flow of migrants to the. cherylu.s.cheryl: we've got grs joining us live from washington. >> reporter: good morning. the clock is ticking on those tariffs, with mexico working hard to avoid what may come monday, but there is no deal yet. after a second day of meetings, there are signs of progress but mexico's foreign minister says there's a lot more work to be done. >> we have some advances. we are going to return later to
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continucontinue discussing the l points we proposed. >> reporter: vice president pence said he is encouraged but the president's 5% tariff threat still stands. >> the president has said what he means and he meant what he said. we made that very clear to the mexican delegation yesterday, that for anything to change, either before or after monday, mexico has to step up. >> reporter: the hill newspaper is reporting this morning that president trump is considering declaring a new national emergency to impose these tariffs. the white house is not commenting, but sarah sanders did have this to say, quote, position has not changed and we are still moving forward with tariffs at this time. meanwhile, guys, there are signs that mexico is responding to the president's pressure. another caravan of 1,000 central american migrants was stopped and detained and mexico appears
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to be beefing up the enforcement presence on mexico's southern border. that is one of the u.s.'s primary h demands, in addition o enforcing asylum seekers to seek asylum in mention he co mexico. there will be a rally on tijuana on saturday to, quote, defend mexico's dignity. cheryl: , griff thank you so much. well, the may jobs report also on investors' radars this morning. economists are looking for 185,000 jobs, down from a stronger than expected 263,000 in april. unemployment rate expected to hold steady at 3.6%, that would be the lowest since december of 1969 if it holds. joining us now jennifer shoenberger. good morning. we also have mark vitner with us
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this morning. jennifer, let's talk about the expectations for the report and talk about that adp print yesterday which really shook up the markets. >> yeah. it really did. good morning, cheryl. happy jobs friday. like you said, we're expecting 185 now, which would be a good print. there is a risk this could disappoint economic momentum that has been slowing in the face of slowing global growth and tariffs a that are creating uncertainty. if we get a disappointing jobs report, anything below perhaps 100,000 on the payroll number, that could cause a down-draft in the market. i think this is going to be a major determinant about which direction the fed is going to move. the markets have been pricing in up to three rate cuts this year, about 25% chance of a rate cut in the june meeting next week. and 7 75% chance in july. if we get a disappointing report i think this moves the fed closer to chances for a rate
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cut. cheryl: mark is here as well. i want to bring you into the discussion. look, the futures are pointing higher, and charlie brady is like, look, they're looking for a bad report which means that fed is going to have to act. we're going to get more chances, more rate cuts possibly down the line. what do you make of what we're seeing this morning in the markets, in the premarket. >> that makes a lot of sense on the surface. i think there is a very good chance that we could get a weaker number. our forecast is 180. the reason why we're around the consensus is that the pieces that go into making that forecast like the employment component of the ism survey, jobless claims, that look really great. the problem is, last month we 273,000 jobs and that was probably overstated. it looked to us like at least 40,000 of those jobs came about from hiring of relief workers for the floods in iowa and nebraska. they didn't hire 40,000 people, it's just that they hired people
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at a time they usually don't. seasonally adjusted that bumped the number up. we may get a weaker number. it wouldn't reflect anything but normalization of the two. i don't think that would move the fed. you have to look at the makeup of employment. cheryl: it's interesting too because of the tariff situation and jennifer, i'll start with you on that. we've got the threat of tariffs and that's going to slow down i would think companies' plans on hiring and also mark brought up a key point, jennifer, to you, the chances we get that april number revised downward. >> yeah, cheryl, i mean, speaking to the tariffs first. i think it's a bit premature to draw the line between cause and effect here. tariffs certainly create a lot of uncertainty that could cause businesses to hold back. but businesses will probably cut other expenses to maintain profits before they really hold back on hiring. so i think we haven't really seen enough yet to see an impact on hiring here. cheryl: mark, same question to you. >> i don't think you would see
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it in this report. we could see hiring weaker for another reason. but this employment report, the may employment report really reflects what happened between the secon half in april and thet half in may. it's early to look for trade impacts. but i certainly think it's going to happen. i talk to a lot of businesses and they are holding off on investments and probably on hiring, something that we're going to deal with in the second half of the year. cheryl: we've got fed officials, jennifer, already talking about that they are watching the impact of tariff is and the trade war between the united states and china. real quick, i've got to ask you, there's a bump-up in the estimate for manufacturing jobs. it's a small bump. could that be the surprise that we need in what's looking to be kind of a rough may jobs report this morning. >> that could be a silver lining. i think there will be more components than that. certainly manufacturing has been slowing overall. so it would be great to see an uptick. cheryl: , mark, final wor word o
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you. manufacturing jobs getting americans back in the factories? >> we've had the strongest push in over 50 years. we're losing momentum. look at the hourly earnings. that should be a bright spot, regardless of what we see the employment number. cheryl: looking for a silver lining after what will probably be a rough report. futures are liking it. jennifer, mark, thank you so much. it's a big day on fox business. we've got complete coverage coming up, analysis of the may jobs report, "mornings with maria" starts at 8:00 a.m. eastern time. lauren: the house is expected to vote early next week on a resolution to hold attorney general bill barr and don mcgahn in contempt of congress. both men refused to comply with congressional subpoenas. the committee wants barr to turn over special counsel robert mueller's unredacted report. it also wants mcgahn to he provide documents and public
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testimony. cheryl: president trump telling fox news he is not worried if mueller himself testifies. >> do you mind if he testifies? before you said you don't care. >> let me tell you. he made such a fool out of himself the last time. what people don't report is the letter he had to do to straighten out his testimony because his testimony was wrong. but nancy pelosi, i call her nervous nancy, nancy pelosi doesn't talk about it. nancy pelosi is a disaster. okay, she's a disaster. let her do what she wants. i think they're in big trouble. cheryl: the president was referring to mueller's public statement last week about the russia investigation. lauren: let's get to top headlines making news this friday morning. colorado couple claiming they became sick at the same dough medicine can republic hotel where three american tourists died last month. they filed a $1 million lawsuit against the resort. they say a doctor told them they were likely poisoned from a type
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of insecticide. officials say the death and theness are unrelated. ibm is laying off employees. this comes as ibm seeks to acquire a software company, red hat, for $34 billion. ibm shares are up 16% on the year. stock we're watching today as well. amazon's ceo, jeff bezos, consistent fronteconsistent froa protester at a conference in vegas. [ indiscernible ] lauren: the protester was escorted off the stage after she interrupted the interview with jeff bezos. the woman is reportedly from an animal rights group. she was protesting the treatment of chickens at a farm that provides poultry to amazon. todays national donut day. you can score free treats at shops across the country. krispy kreme dunkin, walmart is
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giving donuts away. it is meant to honor women who served donuts to soldiers during the first world war. cheryl: taking a look at futures this morning. the jobs report is coming out today. in the premarket, investors looking like even if we get a rough report, which we might, they're thinking, hey, that could push the fed to act. that's all going on this morning many dow up 72, s&p up 8, nasdaq up 26. still ahead, joe biden doing a 180 on an important abortion issue. will this help him or hurt his chances in the long run? walmart taking the fight to a amazon, how the company wants to take grocery shopping beyond just door-to-door. you're watching "fbn: a.m.." ♪ i feel the earth move under my feet. ♪ i feel the sky tumbling down. ♪ i feel my heart start
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lauren: an about face for democratic presidential candidate joe biden. he's rejecting the hyde amendment. in a speech last night, the former vice president reversed his long-standing opposition to federal money for abortions. >> i can't justify leaving millions of women without access to the care they need and the
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ability to exercise their constitutionally protected right. if i believe healthcare is a right, as i do, i can no longer support an amendment ma things that right dependent on someone's zip code. lauren: will this help or hurt him among voters? we bring in washington examiner commentary writer di a writer t. >> this just goes to show that biden is not necessarily in a strategic position of strength. he is the frontrunner by the double digits in every poll that we see. if he's letting the tail wag the dog, if he's willing to march in lock step with what the party is doing, there's no reason for primary voters to co-les coalesd him. lauren: speaking of what's going on on the democratic side
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n. now have a new rallying call and it's lock him up. reports that nancy pelosi wants to see president trump in jail. this is the president's response to laura ingram. >> she's a disaster. she made a statement, it was a horrible -- >> when you were overseas. >> a vicious statement, while i'm overseas. she is a terrible person and i'll tell you, her name, it's nervous nancy. she's a nervous wreck. lauren: what do you make of that? >> this is a gutter fight. nancy pelosi has insinuated that trump's family needs to take care of him because he has some sort of mental illness. thithere was a standoff over the government shutdown. so expecting civility at this point, she made it clear she's going to pursue an
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obstructionist agenda. trump isn't doing all he can to cede new ground to house democrats. lauren: as to the jail comments, what would be the crime? do you think she might be pushing prison as a way to quell the democrats in her party. >> the majority of the country wants to move on from the russia investigation, polling indicates that. the majority of the country opposes impeachment. if she uses more extreme rhetoric, she can avoid pulling the trigger. she's is coming close to putting herself in the corner in terms of ceding too much ground to the vocal part of her party without having to pursue impeachment. lauren: alexandria ocasio-cortez, aoc, she is all-out crazy according to a republican from new jersey, his name is rich valdez. he wants to move to aoc's
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district so he can run against her. this is a quote from him. all-out crazy wants to establish a new soviet republic. her misguided policies don't represent the district. is he right? is his push going to go anywhere? >> he's not wrong but the problem is the only way for aoc to lose her seat is if she gets primaried. the district is so blue. lauren: thank you very much. have a beautiful weekend. cheryl: all right. well, let's take a look at how your money is doing this morning. it is jobs friday. we have got a little bit of a rally in the premarket, ahead of the big report. investors looking bullish, although the report may be bearish. dow is up 78, s&p up 8 and three quarters, nasdaq up 28. coming up, car makers worried, 17 companies i' imloring the president to back off on easing
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pollution regulations. why the automakers are changing their tune. and a new chapter for barns and noble. the stock getting a 30% boost yesterday. the news has got investors real excited about this stock. keep it here on "fbn: a.m." ♪ are we out to woods yet. ♪ are we in the clear yet, are we in the clear yet, in the clear yet good. ♪ are we out of the woods yet, are we out of the woods yet. i'm working to keep the fire going for another 150 years. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪
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go beyond the expected, to do the extraordinary. take your business beyond. cheryl: stocks on a roll, with the dow industrials up more than 900 points this week on doveish comments from central banks, trade optimism, possibly in anticipation of a weak jobs report this morning that could push the fed to act. futures pointing to a much higher open. dow up 83. we're gaining ground.
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nasdaq up 30 and a quarter. let's bring in mitch rochell and, boy, i tell you, usually on jobs friday we don't see -- we see kind of a tepid futures market. we're getting a different story this morning. >> i think this is all sort of whip lash in a good way and bad way from the fed's comments on wednesday when chairman powell said we may be lowering rates. that got the market all excited. i think it's behaving. i can't tell if it's going to be a good news is bad news bad news is good news story today. it's possible that the jobs numbers are going to disa appoint. if it disappoints a lot, it could be more fuel to the fire for the fed to cut rates. cheryl: i'm not sure it's going to be a good number. we'll find out during maria's show today. let's talk about the other issue, that is the tariff delay. we got a boost in markets yesterday, the report there may be a delay in the implementation of the mexican tariffs. is there a possibility there could be a deal worked out with mexico? >> i suspect there is.
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if you look at the administration, the president's game theory, he put the tariff thing on the table. perhaps there were already conversations going on and he wanted to accelerate the process. mexico came to the united states. it looks as though there's going to be something that's done there and the willingness to delay the i' implementation pasd monday suggests -- past monday suggests good news. cheryl: we're in bear market territory for oil, nice maybe ahead of the summer driving season. we're a gain in domestic supply. what do you make of that? >> there's two things. there's global demand which is slowing whenever there's slowing in global economies there's a knock-on effect for slowing global demand. because of the iranian sanctioners, a lot of the non-iranian producer started producing more. the commodity price falls. we may not get the be benefit at
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the pump because the summer blend is more expensive. if it continues, it's good for the consumer. we'll have to wait and see. cheryl: not good news for those driving in the state of california, they really pay the price. >> or anyplace else that lumped a big tax on gasoline. cheryl: i have to ask you about the 30 year. we're watching the bond market and the 10 year. now you've got this drop on the 30 year. we're at 3.82%. it was 3.99% a week ago. that's a pretty big move to the downside, don't you sunshine. >> we've been talking about the inversion of the yield curve a lot and whether or not that's a signal of recession to come. i think it's more a function of the fact there's $11 trillion worth of sovereign debt around the world that has a negative yield. so if you're a central banker, if you're a pension portfolio manager and you have to buy treasuries, where are you going? you're going to the united states. i think there's a ton of bid for u.s. 10 years and u.s. 30 years and that's what driving the yield down. cheryl: that's interesting. there has been a flight to
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safety with all the volatility in the markets. mitch, always great to see you. >> happy friday. cheryl: happy friday. we'll get the job numbers during maria's show. lauren: trade disputes, tariffs, maybe a weak job report has investors hopeful for rate cuts. still ahead, the deadline for an immigration deal to stop tariffs on mexican imports coming up fast. the fallout for small businesses if the two sides can't agree and if the tariffs keep going up. and forget alexa and siri, how one company is taking artificial intelligence straight to the golf course to help make you swing like a pro. he's got a nice swing. ♪ let's go. ♪ let's go. ♪ key portfolio events.
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cheryl: getting you caught up on global market action. it is jobs friday. investors are gearing up for today's may jobs report. expectations for 185,000 new jobs added. investors seem to think a bad report may be on the horizon. that could push the fed to act. dow up 86, subpoena is up 9 and -- s&p is up 9 and three quarters and nasdaq is higher as well. in europe, markets are higher. investors are looking to the european central bank to act against weak economic data. we got comments from the ecb chief overnight. all those markets in the green. to asia, china and hong kong, those markets are actually closed on this friday. but as you can see, the nikkei up half a percent, kospi up a fraction as well. lauren: president trump may declare a new national emergency in order to impose tariffs on mexico. the hill reports the move is needed after mexico failed to reduce the flow of illegal immigrants crossing the southern border.
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the first of those tariffs, 5%, is set to take effect monday. meanwhile, house ways and means committee chairman richard neil has already vowed to block president trump's declaration if it comes to that. let's check in with how these tariffs on mexico could affect small businesses. sam lucivich is the co-owner of a restaurant in new york city on the upper east side. thank you for joining us. >> good morning. lauren: how will these tariffs from mexico affect you, a small business owner? >> seeing as one of my restaurants is a mexican place, we try to be as authentic as possible. we get a lot of our products from over there, avocados, mexican beer, tomatoes. a 5% increase, we try to make our food affordable, it will have an impact. we don't want to have to offset the cost to the consumer. looks like it may be inevitable after a couple months of potential tariffs. lauren: have you raised prices in do you plan to raise prices
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or in the case of avocados, 80% of our avocados come from mexico, or would you just serve less? >> we've got to think about strategies going forward in terms of how we're going to accommodate the potential cost changes. we may have to raise costs. we may get our produce elsewhere. so again, something we'll think about moving forward. it's going to be a potentially large burden on us. we get most of our products from there. lauren: let's talk about that, getting your product elsewhere. as a small business, a medium size business, can you just move a supply chain like that? >> it wouldn't be easy. there's so many different products we have and, again, athen iauthenticity is somethine pride our self on. once you get it from a different region, you can't say you are a place that serves authentic mexican cuisine. it wouldn't be ideal for us in many different ways. lauren: someone told me
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asparagus is a good substitute for avocado. i disagree. >> i don't think you can make a good guacamole with asparagus. lauren: how has business been at your restaurant? because we do get the jobs report today. everybody's looking at the wage number. the economy so far, so good. it's strong. if consumers are feeling good and they're making money, they're likely spending money and all of that could be threatened right now with these potential tariffs. >> business has been outstanding, over the last two years, we've seen profits increase pretty substantially for what we're capable of doing. we would like to continue to head down that path. these tariff coughs be very damaging -- tariffs could be very damaging to us. restaurants where you deal with high rents, profit margins aren't that large to begin with. you're not getting a 5% decrease in profits because you're already working with small margins in the first place.
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lauren: thank you so much. you touched on the food and agricultural aspect of this. the other aspect is cars. every american might feel the impact of that as well. thank you. have a good weekend. cheryl: let's switch to the automakers. major automakers are urging the trump administration to reconsider deregulation for vehicle emission standards. in a letter to the president, 17 auto makers including gm, toyota, and bmw, say this, quote, we encourage both the federal government and california to resume discussions and to remain open to regular a la tori adjustment -- regulatory adjustments to provide flexibility to meet environmental goals and respond to consumer needs. fox news' economic editor is here. good morning. let's talk about this. you know the automakers very well. what are they telling you about the potential impact of the standards being lowered? >> it's not so much they're against trump's plan to lower the standards. there was an impasse in the negotiations here. that's really where the issue is.
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trump wasn't going to give, california wasn't going to give. the last thing they want is to have a different regulatory framework on the federal level and then in california, the state follow's california laws. in the obama era, the standards were what california wanted. if trump freezes emissions standards, california will stick with what they want to do and that's where you have the issue. trump wants to take away california's power to do that and you'll end up in court. automakers want to know what's going on down the line. it doesn't set it well. cheryl: i think at the end of the day, a fuel efficient vehicle is good for the consumer. you want to buy vehicles that use less gasoline. it's almost like you're going to have a bell. a belching car driving
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around indiana and a car in california that's clean burning and the automakers will have to make two styles. is that too simplistic? >> you need to make money on a vehicle. if the costs are going to be added on there, you don't want to do that if you don't have to. if california's laws are more restrictive, it's more expensive to build cars there. look, just this week, general motors' president said electric cars are going to be on par with the cost of internal combustion engine cars, not just because they're reducing the cost of technology but because the emission standards make it more expensive to build an internal combustion car. cheryl: we're talking about tariffs especially with mexico. what do you forecast here? looks like there may be a delay in tariffs. the auto industry will be slapped the worst if the tariffs go through. >> you can't just move the cars to build them in the united states. that's a year-long process. when you do that, you have to
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deal with the supply chain, most of that's not able to move. this will hurt the automakers, especially general motors. it's a $100 billion industry. the 25% tariff, that would cost the american consumer as well. cheryl: we would love to have you back. we know the story is going to continue into next week. thank you so much for being here, gary. lauren: here are some other headlines making news this morning. the legendary jazz musician dr. john has died. the family says he died of a heart attack. ♪ let me know. ♪ this is my dance. ♪ came here with my best friend jim. ♪ here i am, trying to steal you away from him. lauren: dr. john was born mac revenek. he was famous for creating a sound that became synonymous with new orleans jazz. he was 77 years old. the university of southern
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california considering legal action against lori laughlin and her husband for alleged roles in the nation's college admission scandal. usc revealed the possible lawsuit, pointing out a conflict of interest. the law firm that represents laughlin also represents usc in another matter. barnbarnes & noble is nearing al to be hold to a hedge fund, elliott management. shares of barns and noble shot up 30% yesterday on the news, giving them a market value of $436 million. barns and noble faced continued pressure from amazon and independent book stores. from the door to the fridge, walmart is taking its grocery delivery a step further. soon, a delivery person will put your food right in your refrigerator. the delivery person will enter your house using smart entry technology and will wear a body camera so you can supervise the entire thing remotely.
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walmart is the nation's largest grocer. jamba dropping the juice in name only. jamba juice is changing the name to janba. they want want customers to know juice isn't the only thing they sell. the menu offers more healthy eating options. so just jamba. cheryl: coming up, with investors waiting for the latest read on jobs in america, one man strikes a blow for employees around the country who want equal pay for paternity leave. we have details ahead. a company wants you to put your smartphone down and it's putting its money where its mouth is. how you can get paid to drop the app. you're watching "fbn: a.m." ♪ get back, honky cat. ♪ living in the city ain't where it's at. ♪ it's like trying to find gold in a silver mine. ♪ it's like --
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lauren: the may jobs report is less than three hours away. the estimate is for 185,000 jobs added last month. but there's concern that number might be disappointing. still, the job market has been strong all year creating incentive for companies to offer perks to not only attract but also retain workers. jp morgan chase reached a landmark settlement with hundreds of male employees over paid paternity leave, the company settling with the aclu for $5 million that would go
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potentially to thousands of men who say they were not given the same leave as women when they became new moms and dads. the aclu filed the complaint of behalf of a jp morgan chase employee. joining me is his employee, who does a lot of gender discrimination workplace lawsuits. peter, good morning. >> good morning. lauren: how tight is the job market right now that you were able to have such a big win with a major bank? >> well, i think the job market is tight but here we're seeing kind of regardless of the job market that employers are fighting for workers and making sure that they provide good benefits that employees want, especially paid leave, which is a benefit where there's a fight for workers and their loyalty on these issues. lauren: how has th corporate america changed to be more friendly to new moms and dads. >> several years ago, most companies that wanted to provide paint parental leave only gave
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it to mothers and considered it a benefit that only mothers wanted. we're seeing lots of large employees, including banking industries, law firms and lots of big companies, providing robust amounts of paid leave if the range of 12, 16, even 20 weeks, often to both mothers and fathers to support gender equality in the workplace. lauren: is there a stigma attached to men who want to take not only paternity leave, but longer paternity leave? >> absolutely. a lot of companies, even where they have lots of leave, 16, 20 weeks for employees, fathers are often discouraged or they feel discouraged merely by the social stigma and stereotypes to not take the leave. lauren: can women ever achieve equality in the workplace if that's the culture and companies are only slowly changing? >> di the goal of the lawsuits s
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to break down the stereotypes. that's why derek rotando filed the lawsuit, because he wanted men and would plane to be equal, not just at home but the workplace too. lauren: describe the support you're receiving. >> the support is amazing. we've heard from dozens of fathers from all sorts of companies in the last week who are saluting derek for taking a stand, as well as chase for doing the right thing here and clarifying its policy to make sure everyone can get leave, mothers and fathers. i think the outstanding support for the settlement and other fathers who are interested in taking similar action reflects the desire by millions of workers in america to get terrific benefits for paid parental leave. lauren: companies are starting to listen. thank you very much. cheryl: let's take a look at futures this morning. it is jobs friday. right now, we have got a pop in the futures market, dow up 71,
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s&p up 7 and three quarters, nasdaq up 27 and-a-half. still ahead, the pro can stay home. how one company is using robots and artificial intelligence to help you be a better golfer. and a staggering new study shows that working 9 to a 5 is n -- 9s no longer an option for many americans. you're watching "fbn: a.m." ♪ it's a different world. ♪ go out and find a different girl. ♪ come on, dance all night. ♪ ♪ i want it that way... i can't believe it. that karl brought his karaoke machine? ♪ ain't nothing but a heartache... ♪ no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. ♪ i never wanna hear you say... ♪ no, kevin...
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cheryl: robots are changing many industries. now they are taking a swing at
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golf calawaw is using artificial intelligence to design a powerful new driver. lauren: fox business was granted access to the r & d facility in california to get a look at the club. robert gray tried it out. >> reporter: computers may not only make you smarter, they may be able to help your handicap in golf. check this out. i'm here with the epic flash, the first golf club designed using artificial intelligence. we got access to go to the headquarters and see the process of how they designed the club and brought it to market. they use a giant robot that has a serious swing, about 110 miles per hour, crushing drive after drive. they used humans to test the prototypes as well. we went on the shop floor to see where the prototypes are made. the head of research and development decided they could
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teach a robot to change a golf club. >> what we did is add artificial intelligence ideas to the simulations so that the computer could begin to learn how to design a golf club by itself. that required an investment in new software, new people and a new super computer in order to crunch much larger data sets than we had before. >> reporter: there will be a lot of attention on this driver next week. phil mickelson will tee it up at the u.s. open in pebble beach in his bid to win that tournament and complete the career grand slam. back to you. lauren: cool stuff. cheryl: thank you. he's got a great swing. lauren: he does. practicing out there in california. markets are practicing staying in the green today. it was a nice week for the stock market. it continues this morning ahead of the jobs report. dow is up 75, s&p up 8, nasdaq up 28, all three major averages gaining at least 2% on the week, that's 905 points for the dow. it could be up for the first
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week in seven this week. coming up, the surprising new report says that for many americans, one job just isn't cutting it. we're going to have those details straight ahead. and put that smartphone down. we're going to tell you about how one company wants to pay you to switch to a flip phone. remember those? switch for a week, what do you get. my mom has a flip phone. she loves it. ♪ kiki, do you love me. ♪ are you riding. ♪ say you'll never, ever leave. ♪ beside me, because i want you and i need you. ♪ and i'm down to you always. ♪ kiki, do you love me, are you riding. 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. rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and
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♪ working 9 to 5, what a way to make a living. living barey getting by,it's al. lauren: for many americans, 9 to 5 is a pipedream. cheryl: tracee carrasco has that story. tracee: 9 to 5, plus a side hustle, an extra job. nearly half of all americans, about 45% of them have a side gig to earn extra income. so why do they need a side gig i?well, they aren't making it wh one job. they need more money. they need a source of disposable income or they really just want to save more. so those are some of the top reasons why people have these side gigs. as far as how much extra time they're working, on average, about 12 hours, bringing in somewhere around $1,100 a a month. 27% of people say they actually
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enjoy their side gig a lots more than what they do 9 to 5. they say it's more of their passion. so maybe it's photography or -- lauren: a hobby you get paid. tracee:.tracee: exactly. cheryl: flip phones, a lot of people love their flip phones. could you use just a flip phone in your life for a week? tracee: i think i could do this. this is a new challenge from frontier communications. they want you to give up your smartphone for an entire week and they will pay you $1,000 to do so. they want to keep track of how you manage using a smartphone. they want to know how long it takes you to do some of the everyday tasks like texting, sending an e-mail, are you able to get on your social media without it. what you do without your smartphone, so they're going to pay you $1,000 and give you the flip phone, give you a survival kit as well including a note ank
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and map. cheryl: we have a colleague that has a blackberry. of all things, but some people get attached to a certain type of technology and don't want to let it go. lauren: the flip phones, they hold a battery. you charge it once, it lasts a week. texting would be difficult. it forces you to actually call. tracee: i think i miss the feature of a smaller phone. lauren: i think we could do it, tracee. cheryl: this reminds me of the samsung foldable phone. remember they debuted it and there were issues with the phone. lauren: flip phones aren't $2,000. cheryl: the samsung was trying to change things up. tracee: bring it tack. cheryl: it is jobs friday, and we want to gear up for "mornings with maria," we've got a boost in your markets this morning. the thinking is maybe we're going to get a negligence
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report, below the -- negative report, below the estimates, that could push the fed to cut the interest rates. dow is up 7 a 5 in the premarket, -- 75 in the premarket, nasdaq up 29 and a quarter. lauren: the adp report if that foreshadows what happens today with the main jobs report, it could be really bad. that does it for us. happy weekend, everybody. "mornings with maria" starts right now. maria: hey, there, ladies. good morning. happy friday, everybody. i'm maria bartiromo. thanks for joining us. it is friday, june 7th. jobs friday. your top stories right now, just before 6:00 a.m. on the east coast. trade tensions continue this morning, president trump reportedly planning to declare a new national state of emergency to impose tariffs on mexico in just three days. markets are waiting trade and waiting the may jobs report, any news on both, the health of the labor market in question after the disappointing adp report on wednesday. our jobs report special this morning kicking off at 8:00 a.m. eastern, all hands on deck, join
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us for that. the threats on huawei, the company signing a major deal with russia as one technology giant warns that banning huawei could be a national security risk. investors hungry for beyond meat, the stock soared after the company's first quarter earnings report as a public company. plus tom brady shows off hi hisx super bowl rings and chugging skills last night. we'll show you the viral video of terrific tom. "mornings with maria" begins right now. ♪ maria: let's look at markets thisor

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