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tv   FBN AM  FOX Business  March 14, 2017 5:00am-6:01am EDT

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xfinity. the future of awesome. breaking news this morning. 50million americans in the path of a blizzard with high winds and snow as it slams the northeast thousands of flights have been canceled as well. you are looking at life picture outside of our parks and quarter fox headquarter and we will have complete coverage. good morning. also this morning a firestorm in the nation's capital as republican leaders slam the budget office on the replacement bill for obama care allowing 14 million american to choose their health care plan. investors meet for today policy meeting.
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let's check out stock market futures after mixed market yesterday. in asia investors on hold ahead of a meeting in japan. down just fractionally in china. in oil prices still harboring. they're gaining 11 cents right now at $42.50. >> were checking out the yield. 2.62 percent. the hedge fund manager to get taking a 4 billion-dollar hit. will tell you all about it. pandora starting a new premium music service. the clippers and go down to the utah jazz. there shut out. the pittsburgh penguins.
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you will not believe. in new york tuesday march 14. after we get through this one. welcome to fbn:am. >> breaking news this morning. a powerful snowstorm here in the northeast right now. this is a life picture of a new york cit the national weather service has issued a blizzard warning for part of eight states including new york, new jersey and connecticut. this term is expected to jump up to 2 feet of snow in some areas. 2 feet of snow in some areas. most importantly it's a very important point for your own safety given at the frigid temperatures and huge amount of snow in a short. of time the wind i will talk
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about in a moment. stay off the streets. this helps to keep the sanitation department. >> more than 5,000 flights have been canceled. the german chancellor postponed her trip to washington dc. well have the very latest on the storm's path. >> were keeping my on some of the storm related stocks of the jump yesterday. these are companies that usually see a pickup in business activity during blizzards. consumers headed to home depot and lowe's to buy items such as shovels, snowblowers, rock salt. another generator up half of 1%. other residential snow removal equipment.
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it's up nearly 1% yesterday. the major supplier for rock salt. much of these themes again today on the move. also breaking this morning. paul ryan defending the republican health care plan after the congressional budget office set 14 million americans with the uninsured next year and 242026. they will be able to choose their own health care plan. >> look at what they said the reason why they think this uninsured would happen. the government is not to force people to buy something they do not want to buy. if we end and obama care mandate that says you must buy this one-size-fits-all plan people are going to buy that. so of course they're going to suggest that they won't make people do something they don't want to do.
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that's really what's behind this. >> you have the option. democrats slam at the republican proposal to repeal and replace obama care. >> how can they look at their constituents and i and say to them 24 million of you are no longer with coverage. >> 14 million people would lose their health insurance coverage in 2018. under the health republican plan. that number would rise to $24 million by 2026 as a federal government repeals the obama care expansion of medicaid. they would fuse federal deficits. as government subsidies
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decline. they are repealed. they will replace some of those subsidies with tax credits. they are sure to give proponents ammunition before its release. the president said he would keep willie into dealing on it. they will insert health care healthcare access to all we are negotiating with. it's a big fat beautiful negotiation. hopefully we will come up with something that will be really terrific. it's a deadlines for this report were too short. back to you in new york. donald trump will be on tucker carlson tonight. don't miss it. the parliament given prime minister's the power to begin the process and do you to you
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leave the european union. the bill passed its final hurdle in the upper chamber yesterday. per mister mae has not said when exactly she will begin the toxin that will shape the future of britain and europe. meanwhile, food prices in europe had risen a lot. in the talk is that she will instill article 50 by the end of the month. let's get you caught up on market action overnight. with the exception of the cost in south korea. to talk about the threat to north korea. you have a ek average in japan down functional -- fractionally. there are somewhat mixed as well. everybody must be in a wait and see a mood. mood. there up just fractionally.
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the german dax down one tenth of 1%. there is so much speculation on that date. also scotland maybe there will be another vote. let's talk about that. we can't forget about that. the stock futures are down this morning as they kick off a day one. forty-eight-51. >> bill ackman capital management has sold the entire stake in that struggling drugmaker taking a loss of about $4 billion. the investor also plans to step down from ford. even after the company was hit with an accounting scandal and
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saw stock prices plunge. they are tumbling about 10% in after-hours -- after hours trading. yahoo is releasing details of chief executive golden parachute. he will receive a 23 million-dollar severance package. meyer will remain as a yahoo's ceo until the deal closes. they demanded a discount on that purchase after yahoo was hit with two massive security breaches. shares of yahoo are up more than 20% this year so far. the company is saying a data cannot be used by third parties for tracking purposes. the move cuts off law enforcement.
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the new policy comes after civil rights organizations raise concerns about privacy on the social network. they recently published documents showing how police departments use social media to track protesters there up 21% this year. and it's been hitting one high after another. pandora is adding a service that lets listeners pick their own songs and albums. it lets them pick any song. they could only choose artists. the service will be available to certain. there up 2% in the past year. if your copy actually makes it to your doorstep you will see this.
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this changes the obama administration's problem and reopening a turf war between the cia and the pentagon. the deal yesterday to buy it has a laced investment lays investment my tech company so 's so for driven cars. the market say yeah the futures often move sharply in the 24 hours. suggesting that they may be trading with knowledge of official statistics before they become public. >> coming up we are tracking the blizzard conditions in the north east thousands of flights canceled. we will have a live update for you. and we will have more reaction to controversial budget office scoring of the obama care replacement plan.
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14million americans will be able to choose their health care plan. and here's a look at u.s. stock futures. they are down the latest i heard. it still on. they find out whether or not they raise rates. that is more than likely. keep it right here. on the first look at morning markets and breaking news. >> we have food with food and water we will be good. i plan on staying inside and that's about it. at corning, i test smart glass that goes all over the world. but there's no place like home.
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there's always something different to do like skiing in the winter, jet skiing in the summer. we can do everything. new york state is filled with bright minds like samantha's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin.
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>> good morning is 5:15 in new york. a major nor'easter going across the mid-atlantic. winter is not over just yet. delete thousand nearly 6,000 flights haven't canceled already today. schools are closed and they are issuing stern warnings to stay off the road. upwards of 2 feet of snow and heavy winds are forecasted for this region. the trump administration is lashing out at the congressional budget office report and estimated 24 million americans would be uninsured under the new republican health plan.
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tom price dumpling the report same is not believable and democrats however say they figure the plan is a bad one. bill ackman is walking away it has sold its entire stake in that drug lane -- struggling lawmaker. as for the markets we have a double whammy today we have this weather the blizzard of 2017 and the feds starting their two-day meeting on interest rates between all of that dow futures moving south. s&p downpour. nasdaq down seven. the cult nicole let's look at what is happening now. the winter storm that is flaming parts of the east coast adam oss is sitting right now. >> i am right outside here on the studios.
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we've seen fairly decent amount of snow so far. it's coming down pretty heavy but the pellets are still fairly small at this point. is only going to be increasing here over the next several hours. the snowfall will be picking up invisibility will be going down. that is accommodation you need to get the bro -- blizzard type conditions. there has been snow here in new york city. so wintry mix in dc. they are closer to the rain and snow at line. here in new york city it has been all snow up to this point. the winds that is a big part of the story as you are looking gus ritter on 30 miles per hour. you need to get closer to 35 miles per hour. they get much stronger than that. you begin to see all of this snow really start to look around and that's what's happening right now. if you are a little soup further to the south.
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but here in new york city it's been down to about a third of a mile. what does it need to be at those conditions need to fall down to a quarter of a mile. this is getting you into the new york area. this is still early on. the heavier snow is gonna be lifting through. i'm expecting these conditions to only worsen here over the next several hours. we are still early on to this. as you get much worse before we get better. >> were in that process right now. over the next several hours. it is something that will not be tapering off throughout the evening. it needs to last for hours and hours on end. we still haven't even hit that point. >> if to stay safe and stay home. i suggest famils build a snowman you do it sely.
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>> coming up we will continue to track this blizzard. slim in the northeast as we speak. we will get a live report from robert schmidt coming up next. your first look at morning markets and breaking news. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.
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>> there is a look at the radio meter -- music hall right there. we are knowing and seeing the snow hounding new york city pretty hard. what you have. >> we are waiting on rob right robert right there in midtown manhattan.
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>> forty-seven and six right outside of our headquarters here. a couple of inches have come down at this point. quite a bit of snow coming down. this will be an intense one. they're called for two to 4 inches per hour. that should be there in the next hour or so. basically you're gonna see new york city shut down for the day. all nonessential workers do not come into work unless you are a police officer or first responder. i'd say most of the people in new york are not going to work today. yesterday the mayor actually called for state of emergency. let's listen to the mayor. if you must go out do so for as limited time as possible if
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you need to travel use mass transit if at all possible. the best thing to do is stay and if you can stay in. basically the messages if you don't have to leave the house down. the is a crippling amount of snow in something that this winter we haven't been used too. we've have a couple of really rough winters here. we had one big storm in early february they gave us it may be 7 inches. it was supposed to give us more than that. that will cripple the city at least for the day. they get it cleaned up past. depending on how long this goes. it could go until the evening so it's a really big storm a really powerful storm. the roads or get a be a mess. the schools are closed. if you don't have to be out in this don't come outside. that is a message from your local government. >> aboveground subways are
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closed also. i have to ask you what are you doing to deal with this weather. any special gear today. i made a critical mistake in that first storm in early february of not wearing enough closed i will never make that mistake again. the winds are starting to kick up. i have to say it's cruel. it is mid-march and it is supposed to be over now. it is so easy in february. here we are just suffering in march. >> you really need to be careful because that al really poses some danger as well. going right through the blizzard. you're the only one standing there. coming up. the leaders a square off with the democrats over replacing
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obama care. the cost savings and how many americans will be free to choose their insurance. >> if we end the obama care mandate that says you must buy the one-size-fits-all plan people are not going to buy that. >> we are tracking the blizzard conditions. dozens of flights have been canceled. a state of emergency is up and down the northeast corridor. let's check out u.s. stock market futures today. the futures are down 30. the s&p futures are down four. while oil is picking up about 13 cents we have lots to watch. keep it right here. morning markets.
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>> we've had such a mild winter that we have plenty of stockpiles. we are ready to go. we face some pretty significant storms last year in the year before. we are fairly lucky so far. at bp's cooper river plant, employees take safety personally - down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. because safety is never being satisfied. and always working to be better. afoot and light-hearted i take to the open road. healthy, free, the world before me, the long brown path before me leading wherever i choose.
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>> breaking news this morning 50 million americans in the path of the blizzard with high winds in snow as it slams into the northeast. you're looking at midtown manhattan. thousands of flights canceled already. good morning i am nicole petallides. the one they nicole: they slam the budget office report. allowing them to choose their health care plan. investors on fed watch.
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they meet for a two-day policy meeting wildly expecting to end with an interest rate increase. i head of the stock market futures in asia investors on hold ahead of the fed meeting in japan. in china the same height composite index. >> oil prices have been falling all week. up 19 cents. and the yield on the ten year treasury hitting the highest level in two and half years. were seen at 2.62 percent. the hedge fund manager selling the stake. taking a 4 billion-dollar hit in the process we will give you the details of that. pandora starts a new premier music service. we will have the details. in hockey the flames shut out
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the pittsburgh penguins including one flames goal that you will just had to see to believe. those highlights coming at you. here in new york tuesday march 14 welcome to fbn a.m. >> breaking this morning a powerful snowstorm humoring the northeast right now. let's say a live picture of the time square. you can see the snow coming down in the winds are pretty heavy at this moment. the national weather service has issued blizzard warnings for parts of eight states. the storm is expected to dump up to 2 feet of snow in some areas. the temperatures are 15 to 30 degrees below normal for this time of year. so it is cold outside. all above ground subway service suspended. >> new yorkers should stay off the roads. it's a very important point for your own safety given the frigid temperatures in the
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huge amount of snow in a short. of time the wind which i will talk to you in a moment. staff the streets. for your own good in your own safety but also to help the sanitation department to keep the streets clear. more than 5,000 flights have been canceled today. the white house as german chancellor angela merkel has postponed her trip to washington dc. well have the very latest on the storm just a few minutes. >> and looking at that snowplow. you will see a lot of that today. we are keeping an eye on some storm related stocks that jumped yesterday. these companies usually see a pickup in business activity during blizzard activities. consumers are headed to home depot and they're headed to lowe's to buy items like shovels and rock salt. people rushed to buy janitors -- generators. the shares up half of a% yesterday.
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down yesterday but up 1% in extended trading. the company is a major supplier of rock salt. on the commute in they were putting salt on the road already. paul ryan and defending the republican health care plan after the congressional budget office said 14 million more americans would be uninsured next year. in 24 million by the end of 2026 because they will be free from the government mandate. >> look at the reason we said why the insured it would happen. the government would not force people to buy something they did not want to buy. and if we and an obama care mandate that said you must buy this government one size fits all plan people are knocking to buy that. so of course they are going to suggest that if when i can make something up that is really what is behind that.
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this comes as a democrats same that republican proposal to repeal and replace obama care. >> when they say to them 24 million of you no longer head coverage and those of you that do have it will have less in terms of coverage. and more cost to you. peter barnes is at the white house for more. 14million people would lose their health insurance coverage in 2018 under the house republican plan to repeal and replace obama care mainly because of the repeal of the government mandate and individuals to individuals to buy health insurance coverage. that number would rise to 24 million by 2026 as a federal government repeals the obama care expansion of medicaid. it would basically turn the program into blocked grants for the state. the house republican plan would reduce federal deficits by about three and $40 billion
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over ten years as government medicaid spending declines and federal subsidies to help people purchase coverage is repealed. >> it's sure to give proponents and supporters of the ammunition. they would keep wheeling and dealing on it. to ensure healthcare access to all. there is a big fat beautiful negotiation. hopefully you will come up with something that will be really terrific. back to you in new york. thank you peter barnes. in the programming note president trump will be on fox news. tucker carlson tonight. don't miss the interview. >> the british prime minister
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thersea y has thpower to leave the european union. the bill passes final hurdle in the upper chamber yesterday but she is not said when exactly she will begin those talks will shape the future of great britain and europe meanwhile for prices have risen a lot since june. they decided to leave because of the depreciation of the pound. let's get you caught up on the global market action we had been seen over night. we are seeing the shanghai composite index that slightly higher. they gained three quarters of 1% on the other hand is down one tenth of 1% in the hong kong hang seng down fractionally. they are mixed. there up seven points. it's down nine points today. and the dow snapped the today when he street yesterday. look at that.
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let's see. the futures are down 30. we wait to hear from the fed tomorrow. down six days in a row. coming back today of 23 cents. about $1,200. >> breaking news. the latest details on the winter storm that has been slamming parts of the east coast. adam potts joins us now. >> i am outside on the plaza where the snowflake are so kind of snow. -- we continue to see this area be clean here throughout the morning. already we are looking at a good half an inch to an inch we piling it back up. so the snowfall is very heavy. the flakes themselves are actually on the small side. the snow in new york city is not the case for everyone. there it is.
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so more of a wintry mix for folks down in the dc area. otherwise we are talking about winds. they've been guessing a strong pretty consistently around 30 miles per hour up and down the coast. but winds are an important part. at helps lower the visibility. is blowing around. we had been seen visibility down to half a mile or more and that's pretty much of the cases are out of the smalling -- surrounding areas. that means the wind will continue to intensify in the visibility numbers are going to be lowering here in the next couple of hours. i am expecting blizzard conditions to last all the way through the morning and the early afternoon. >> i think you should make an area and input comes around
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it. bill ackman has bowed out the pharmaceuticals. taking a loss of about $4 billion here. the investor also plans to step down. even after the company was hit with an accounting scandal. they predicted that it would be the next berkshire hathaway. at $10.70 per share right now. just to put this in perspective for you. the plus percent from its peak. yahoo is releasing the details of the chief executive. according to filings. meyer will receive a
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23 million-dollar severance package. she will remain as the ceo until the deal closes. verizon demanded at 925 million-dollar discount on the purchase after yahoo was hit with two massive security breaches. they ultimately agreed to reduce the price by $350 million. shares of you who are up more than 20% so far this year. >> facebook wants to keep users safe from the eyes of surveillance tools. a canal -- no longer be used. the move cuts off law enrcement from information allegedly used to monitor processors and comes after the organizations raised concerns about privacy on the social network. the aclu recently showed documents about how they were there.
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facebook stock up 21 percent. it hit record high after record high. >> we are tracking the blizzard conditions right here in the northeast. dozens of flights canceled. the state of emergency declared up-and-down in the northeast. we will have a live update for you. with the budget office scoring with the replacement plan. 14million americans will be able to choose their health care plan and not be forced to join a government plan. >> with food and water we are good. >> i will hunker down and enjoy the scenery.
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( ♪ ) it just feels like anything is possible here in upstate new york. ( ♪ ) at corning, i test smart glass that goes all over the world. but there's no place like home. there's always something different to do like skiing in the winter, jet skiing in the summer. we can do everything. new york state is filled with bright minds like samantha's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin.
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good morning. it's 5:45 a.m. here in new york. let's get you caught up right away on what's happening now. it battles acrosthe mid-atlantic and northeast. the reminder that winter is not yet. nearly 6,000 flights have been canceled. schools are closed. officials are issuing stern warnings to stay off the roads. upwards of 2 feet of snow on forecast for much of the region. the trumpet ministration is lashing out. they estimated about 24 million americans in a few years would be uninsured.
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tom price downplays the report to saint it's not believable. democrats say they agree the plan is a bad one. they sold the entire stake in the struggling drugmaker. the billionaire investor also plans to step down. let's take a look at u.s. stock market futures. right now as a means begin. we are expecting a rate hike tomorrow. the futures are down 57. lauren, that is what is happening now. that brings us to washington dc. let's get the latest details on how they are affecting the capital. looking pretty in the red jacket .
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it's not as bad if you're right downtown i think many were expecting. union station between the capital let me show you what is gonna mess things up. as the icy slushy mix that is coding and the grounds the grounds in the sidewalk even the roads. they've been watching them and driving by. they have been okay. not mplete cleared. more cars come out here. they could begin a slighng around. both the governors of virginia and maryland had declared a state of emergency at this point nearly all schools and surrounding areas are close here in dc they are on a two hour delay. and parts of eight states are included in this winter storm warning with over a foot of snow possible in some areas and about four to 8 inches here in the beltway. this could be the first potential natural disaster. as president he has postponed
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a visit by german chancellor until friday and then yesterday he met with that mayor and the have of this city metro system. they have reduced the service today and amtrak is running on a modified schedule. >> i had spoken with my homeland security advisor who has spoken with the acting fema administrator and instructed him to make certain that the federal government is ready to provide assistance to the states. they're waiting by the phones ready to go. >> unfortunately i don't have good news if you are a federal government worker here in dc. you're only on a three hour delay here. that means you get to sleep in. another hour from this weekend. something we are going to be watching for. we are making sure that the cherry blossoms do not die.
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it's about 30 degrees here now. if it hits 24 degrees then we could lose nearly 90% of those blossoms it is peak blossom time. they are supposed to be blooming right now. hopefully the snow does not stick. with the warmer spring and could mean it could mean the ground is a little bit warmer. it just needs to stop snowing. if you have some free time. just put them in someone's mailbox and run away. i get to watch all of the employees walk in. thank you so much lauren. have a good day. coming up. we will continue to track the blizzard conditions. well have the forecast for you and when does this all ends.
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and in sports and the los angeles clippers and go down to the utah jazz. including one that they would happily. all the highlights are coming up. you're watching fbn:am your first look at morning markets and breaking news.
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>> welcome back we continue to follow the wild weather for you. major blizzard work its way up
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the east coast. and roads are expected to be slick for the morning commute. if you do have out be very careful. it will mix with the sleet and the freezing rain and further up the coast the force of the storm has been felt in new jersey is heavily impacting air travel almost 6,000 flights canceled today alone. public schools right here in new york city and boston closed today. they have the cleared a state of emergency basically shutting down the city. all above ground subways shut down. the city could get 17 inches or more of snow. quiet leonard back in the spurs lineup. because of the concussion. not missing a beat. he drains the baseline jumper. under ten seconds left in the first. puts a nice move on the defender.
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he scored 11 in the quarter. game-high 31. they had had them to the best record. they are taking on the jazz into utah. they have no answer for gordon hayward. they are using the long ball to add to their lead. they are having trouble handling the ball. they drill the three-pointer as the shot clock expires. a little push under the basket after that. and talk about eyes behind your head. denver's player throws it behind his head. it leads to the easy duck. that one is worth the scene once again. he puts an amazing stick handling to play against the penguins.
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they took it in for the wraparound goal here again. on the way to the score. they when this on four-three. you may soon be able to decide how a tv show ends while you're watching it. keep it right here on fbn:am. >> i am declaring a state of emergency in new york city. if you need to travel use mass transit if at all possible but the best thing to do is stay in if you can stay in. with a clear advantage. fidelity, where smarter investors will always be.
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nestlé can be a good friend when you're stuck in the house during a snowstorm today. if you don't like the way it ends. the streaming company is looking into how to make their original series interactive. they can describe how they want to the story to go and if this concept works. they would be expanded to adult shows. choices choices. a blizzard going on they could be life-threatening. thank you for watching and we turn it over to maria bart obama . c1 good morning everyone thank you for joining us. i maria bartiromo. happy snow day.
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here's your top stories' exam on the east coast. 50million americans bracing for a blizzard. it has begun in new york. the record record-breaking storms stretching from the midwest now making its way up the nose east. thousands of flights have been canceled already. we had live coverage across the country. the congressional budget office. out with the score. two different reactions from republican leadership. watch. we believe that the plan or put in place will sure more individuals than our insured. we think they simply had it wrong. a closer look at the numbers this morning coming up. and then president president trump giving the cia new powers. the cia will not be ab

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