MARIA-02
Woes; Weekend Sports; IMF Expected to Name Yuan Reserve Currency; US
Embassy in Kabul Warns of Imminent Attack - Part 1>
McDowell, Jo Ling Kent>
Phares; Joanna Lambert>
Japan; China; Nikkei; Dow Jones Industrial Average; NASDAQ; S&P 500;
Shanghai Composite; Hang Seng; Kospi; Foreign Investment; World Bank;
Futures; FTSE; DAX; The "Journal"; NFL; MLB; NBA; Donald Trump; Republican;
CME Group; oil prices; Fox News; Fox Business Network; Wall Street; Capitol
Hill; Benghazi Committee; Afghanistan; Syria; Russia; Vladimir Putin;
Taliban; ISIS; Assad; S&P Futures; Eurozone; Bank of American Merrill
Lynch; Thematic Investing; robotics; labor; safety, mobility; Cyber-
security; European Commission; commercial drones; knowledge; analysis;
creativity; Chicago; body camera; Black Friday; Michigan Avenue; Jeff
Flock; Fox Business; National Security Agency; 9/11; Patriot Act; Edward
Snowden; USA Freedom Act; NSA>
MARIA BARTIROMO, FBN HOST: We have the latest developments out of Paris meanwhile on the climate change summit this morning. President Obama speaking moments ago explaining why addressing this issue is so important.
(BEGIN VIDEO CLIP)
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: The United States of America not only recognizes our role in creating this problem, we embrace our responsibility to do something about it.
(END VIDEO CLIP)
BARTIROMO: Yes, but many are questioning whether this is what leaders should be talking about and on amid the global terrorist threat that we all face. In fact here's breaking news this morning. The U.S. Embassy in Afghanistan is warning of an attack in Kabul imminently. The embassy issuing an emergency message for U.S. citizens there saying it has received, quote, "credible reports of an imminent attack within the next 48 hours." No other details of this threat are known at this time. We will bring you any developments as they come in out of Kabul Afghanistan.
Markets meanwhile expecting more stimulus to come out of the ECB. This week you've got the jobs number out on Friday and, of course, an OPEC meeting as well. Pretty busy week in terms of economic data.
The market is expected to open higher this morning. The Dow Jones industrial average looking up about 15 points. Nasdaq and S&P 500 also in the green.
In Europe the major averages mixed as investors await the ECB meeting later this week. People are expecting Mario Draghi to talk about more stimulus on Thursday.
Overnight in Asia, markets are mostly lower but the Shanghai composite posted a slight gain. The International Monetary Fund expected to name the yuan, the Chinese yuan as reserve currency putting it in the same group as the dollar, the euro, the yen and the pound. This will raise the pressure on China's government to change how it manages its currency.
And Amazon unveiling a new video of its delivery drone -- check this out -- it is the first prototype we've seen since the retail giant announced plans for the drone service two years ago.
And then there's this.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE: -- he's going to go all the way and the Denver Broncos win the game.
(END VIDEO CLIP)
BARTIROMO: Congrats to the Denver Broncos. The New England Patriots no longer undefeated. The Broncos handing the Patriots their first loss of the season in an overtime thriller; the final score 30-24.
And it is end of an era for the NBA L.A. Lakers legend Kobe Bryant announcing he will retire at the end of this season. Bryant has played for the Lakers for 20 years. Writing in his announcement that "This season is all I have left to give."
We're breaking down the sports highlights with "FOX NEWS HEADLINE's" Jared Max coming up.
First though, on to the campaign trail we go where Republican frontrunner Donald Trump got into a heated exchange with "Meet the Press" host Chuck Todd this weekend over his claims that Muslims in Jersey City were cheering on 9/11.
(BEGIN VIDEO CLIP)
CHUCK TODD, NBC NEWS: This didn't happen in New Jersey. There were plenty of reports and you're feeding a stereotype --
DONALD TRUMP (R), PRESIDENTIAL CANDIDATE: It did happen in New Jersey. It did happen in New Jersey --
TODD: You're running President of the United States -- your words matter. Truthfulness matters. Fact-based truth matters.
TRUMP: Chuck, Chuck -- take it easy Chuck. Just play cool.
(END VIDEO CLIP)
BARTIROMO: I want to bring in Trump campaign spokesperson Katrina Pierson right now; and Ben Carson national campaign press secretary, Deana Bass. Ladies -- good to have you on the program.
Katrina, I'm going to kick this off with you. Donald Trump keeps saying this that these people were cheering on 9/11 amidst people pushing back saying it is just not true.
KATRINA PIERSON, TRUMP CAMPAIGN SPOKESPERSON: Well, good morning. And first I'd like to say it's not a lot of people pushing back. It's the media specifically because you've had several people call in, tweet, with the same reports that they've had. Not to mention the "New York Post", the AP and the "Washington Post" at the time reporting the exact same thing.
BARTIROMO: But what is the point of saying this? I'm trying to understand better what Donald Trump is trying to -- say here. What's the point?
PIERSON: Well, we're talking about where we live today in the world of radical Islam and how it is a great threat to the United States. When we're talking about terrorism it's really important to talk about terror at home.
Anderson Cooper did a great one-hour documentary on Muslims in America who are radicalized who continue to celebrate 9/11. And now we're talking about bringing in thousands of people potentially connected to ISIS and, of course, this is a part of the discussion we need to be having today if we want to talk about global terrorism and security of our nation.
BARTIROMO: And of course, Deana, Dr. Carson visited Syrian Refugees in Jordan over the weekend. He says they don't want to come to the United States.
(BEGIN VIDEO CLIP)
DR. BEN CARSON (R), PRESIDENTIAL CANDIDATE: They want to go back home but they said the United States and other nation could be much more supportive of the herculean efforts manifested by Jordanians.
(END VIDEO CLIP)
BARTIROMO: What else did Dr. Carson learn from his trip, Deana?
DEANA BASS, CARSON CAMPAIGN PRESS SECRETARY: You know, first of all thank you so much for having me and good to be with you and Katrina and your guests. Dr. Carson did have a chance to meet face-to-face with Syrian refugees and he did learn that they would much rather be resettled in that area.
You know, we have this -- president has this plan to bring 10,000 maybe 25,000 Syrian refugees to the U.S. and the only people that will actually help, you know, our politicians to make them feel better about doing something. What we really need to be focused on are solutions.
And so Dr. Carson did go and he met face-to-face with Syrian refugees. And bottom line is that if we really want to affect change we need to do more than tough talk about bringing Syrian refugees to the U.S. when we know that ISIS has already said that they will infiltrate the Syrian refugees. They will do everything that they can to get here to destroy our way of living.
And so Dr. Carson is very serious about making sure that those types of things simply don't happen.
MICHAEL BLOCK, RHINO TRADING PARTNERS: Deana, it's Mike Block. So it is great that Dr. Carson met with these refugees. What I want to know is what does Jordan have to say about this? Let's face it Jordan has hosted a camp for Palestinian refugees and they've been in these camps for decades. What will Jordan do why do you think that Jordan will be so willing to assimilate these refugees given the past record here?
BASS: Well, you know, what Jordan needs right now is help from the global community. They've been doing a pretty good job so far in terms of settling the Syrian refugees but we need to do more in materials of actually providing financial resources, humanitarian resources.
You know, know the camp that Dr. Carson visited it was comfortable for the Syrians that were there. But it was incomplete. There, it needed electricity, more facilities to actually make it comfortable and those things can happen if the international community joins together and make those things happen.
SANDRA SMITH, FBN HOST: Hey, Katrina. Looking at Donald Trump's campaign right now where does he see his biggest strength? I mean his whole campaign kicked off with immigration and apparently that wasn't exactly his plan. He's focused on growing business and the economy. Now he seems to be taking this really hawkish stance on foreign policy in the wake of the Paris attacks which as far as polling shows that's been very good for him.
Where does he see his biggest strength right now? What is he focused on?
PIERSON: Well, his biggest strength really, honestly is leadership. He's been the first one out there talking about whether it's immigration and how to deal with the terrorist attacks and you see some of the other candidates sort of falling in line with some of the things that he's been saying.
He does want to focus on economy and jobs -- he'll have another policy coming out very soon but for all intents and purposes just like the polls have been showing pretty much across board he's sort of seen as a leader in all of the major aspects that this country is needing today.
BARTIROMO: What's the significance of Mr. Trump canceling his media event with African-American pastors today?
PIERSON: Well the event itself wasn't canceled, it was just closed off to the media. There was a lot of confusion going around that some of the pastors that were going to be participating in the private meetings were also endorsing. But not all of them were endorsing but there were several coming to this meeting. And so just in light of all of the confusion for some of the pastors they just decided to keep it private.
BARTIROMO: But do you worry that Donald Trump's rhetoric is alienating various groups. I mean alienating, you know, Mexicans first, alienating now Muslims with this most recent comment?
PIERSON: No, not at all.
BARTIROMO: Really.
PIERSON: In fact we've seen quite the opposite. We've seen a lot of support come in from all of those communities that everyone is saying Mr. Trump is quote/unquote "alienating" but he is speaking for American citizens and legal residents of this country. That's something that most politicians seem to put at the bottom of the list these days.
BARTIROMO: Yes.
BLOCK: So Katrina, just to be clear here. The proposed plan for registration, you know that's not alienating people that's what the campaign thinks.
PIERSON: No, I don't think it's alienating people when you're talking about the Syrian refugees which ISIS has said that they will infiltrate. The problem that we have if we bring these people here and we lose track of them and that's been a part of the problem.
So no, I don't think it's alienating. What's alienating is when the media takes something. Switches up his words, puts out a video that's been cut and spliced saying he was going to register every single Muslim in America which turns out to be false.
BARTIROMO: All right. We will leave it there. We'll keep watching -- Katrina. Thank you. Katrina Pierson, Deana Bass --thank you very much.
PIERSON: Thanks -- Maria.
BARTIROMO: Ladies we'll see you soon. Appreciate your time.
Coming up, gusts of heavy rainfall, flooding parts of the south and Midwest. Ten people are dead because of this weather. We've got the details for you.
First though the other headlines topping the "Wall Street Journal" this morning.
The streaming era setting off a battle over TV rights.
Forget IPOs, U.S. companies want to get bought and they want to stay private.
And emerging markets falls now at a six-year high.
All of that coming up. We'll be right back.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back.
A massive deadly storm slamming many states across the country. Cheryl Casone with that and the other headlines now. Cheryl -- good morning.
CHERYL CASONE, FBN CORRESPONDENT: Yes, good morning -- Maria.
It was a wild weekend for weather. Now Oklahoma's governor has declared a state of emergency in all 77 counties following a powerful storm that brought ice and heavy rain that led to massive flooding. It also happened in Texas.
Minnesota getting hit with a foot of snow and winter storm warning and watches have been issued. Now to Texas -- they continue down there to battle massive flooding that is engulfing cars. It's caused multiple accidents on interstate highways -- all of this over the holiday weekend. The stormy claiming lives of at least 14 people.
Also, this morning the man accused of fatally shooting three people at a Planned Parenthood clinic in Colorado Springs on Friday will face a judge this afternoon. Robert Lewis Dear has not yet been charged. Search warrants and other court records have been sealed. Now a law enforcement official says that Dear made a comment about, quote, "no more baby parts" after his arrest.
And finally Wal-Mart stores and Neiman Marcus both experiencing problem with their Web sites on Black Friday. Wal-Mart offered online Black Friday deals on Thanksgiving evening for the first time. Its Web site became overloaded with demand. That slowed the online checkout for a lot of those shoppers. As far as Neiman Marcus, the Web site unavailable Friday afternoon.
All of this bad for these guys but look, here's the thing, Neiman Marcus said basically we'll be back soon -- not good.
Wal-Mart was interesting. This is the first time that the company really tried to match store deals with online deals. And a spokesman said look you can still check out, it just was very, very slow. So they're on the defensive a little bit this morning about it.
BARTIROMO: Not the time that you want these problems on there -- Sandra.
SMITH: Yes. But Neiman Marcus had to sign up on their Web site "we'll be back soon" as you reported. That's tough. If you were on there to buy a black cashmere sweater for your mother, you went into Google and typed that in it and you bought it somewhere else. You can't have these snafus at this point in the season. I mean it's called Black Friday for a reason. This is the biggest day of the year for these retailers so that was no small mistake.
BLOCK: The other problem Friday, what's the chance that you're going to come back Monday, let me give them another shot when there's an infinite number of other venues to go to that work well and give you what you want.
CASEON: I'll just go to target.com, instead of Walmart.com which I'm sure a lot of people might have done on Friday. The thing about Wal-Mart too, the stock has struggled. The company has struggled. They're really trying to put money into the stores. They're widening the aisles. They're really putting a lot of cash into making the shopping experience on both sides better for their customers because they're losing market share.
This is bad. This hurts them against Amazon I think.
BARTIROMO: There is also a weak back drop right. I mean Wal-Mart stock has lost a third of its value this year and it's not just because of Wal- Mart issues, it's because of a weak shopping environment. People are not spending money.
BLOCK: They're investing money in the stores -- great, instead of these architects and these construction people that are making the stores wider, they need to make the cyber lanes wider. Think about what Dagen said last hour where she said I want to open the site rather than showing me $5,000 jacket or showing me $9 flip-flops.
That's an engineering issue. Let's fix. Get the coders in there. Get it fixed, get the marketing people in there to make sure you're targeting the right things to the right people. Wal-Mart is the widening aisles -- great.
CASONE: Yes. Well, we'll. I have to feel for the company - it's a lot of jobs. I want them to survive.
BARTIROMO: There are reports coming out of Black Friday, a lot of store were empty. I mean JCPenney surprised I guess they had some long lines at the register that were unexpected but for the most part stores were looking pretty empty.
CASONE: I was actually happy guys that I didn't have to bring you brawl video from different cities across the country on Friday. I didn't do that on Friday Maria and that's because of the online push.
SMITH: But I mean those are really specific events. I don't think it represented really the entire day across the country, would you say?
CASONE: That we didn't have brawls across the country. That we're getting nicer as Americans?
BARTIROMO: No I think we're just not shopping. They're just not going to the stores. Actually sales were down from a year earlier. We're just looking at brick and mortar. And that tells you everything right there.
All right. Coming up next, the big weekend in sports as two all too many greats encounter unexpected challenges. We'll have the Sunday sports wrap- up straight ahead.
And then later the robot revolution upon us. We will tell you how the rise of robotic technology could affect you sooner than you think.
You're watching MORNINGS WITH MARIA. Back in a moment.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. Big weekend in sports: one NFL losing its first game and a big announcement from a basketball great. "FOX NEWS HEADLINE's" 24/7 sports reporter Jared Max is with us for all the details. He joins us now with more.
Good morning to you -- Jared.
JARED MAX, FOX NEWS SPORTS REPORTER: Good morning -- Maria.
BARTIROMO: What a weekend, huh. Big news.
MAX: What a weekend and what a wild ending on Sunday night.
And then there was one. The Carolina Panthers, the last unbeaten team of the NFL because last night in Denver, the Patriots were unable to protect a two-touchdown lead in the fourth quarter. Peyton Manning out injured no problem after CJ Anderson ran for a 15-yard touchdown and Denver kicked the field to get within four. Brock Osweiler found Jim Caldwell for a go ahead touchdown.
Denver up three with just about one minute remaining. No problem because Tom Brady gets the Patriots in position for a field goal. They tie it so you go to overtime. Three and out the Patriots unable to do anything on their possession and then the Denver Broncos get this game-winning touchdown to go on and top the New England Patriots last night, winning in overtime, handing New England its first loss of the season. New England falls to 9 and 2.
And more than just a loss for the New England Patriots and here's the game- winning score, but Rob Gronkowski another receiver goes down for the New England Patriots last night. They've already lost several key receivers and now Gronk is down as well. Last night he was seen limping from the X- ray room into the Patriots' locker room.
So how bad is it going to get for New England? Only time will tell. So Rob Gronkowski is done at least for the foreseeable future for the New England Patriots. We don't know how bad it is going to be.
BARTIROMO: Everybody gets used to the Patriots winning every game -- and then it's like big if they don't.
MAX: It's a shocker, I think people waking up this morning you say, "Wait, they lost?" And then they lost and they lost Rob Gronkowski as well to the injury. And a clean hit as well in the fourth quarter. Interesting that Tom Brady noted that this is the way hits are done now. The NFL trying to protect people from head injuries but a clean hit goes to the legs and so the guy loses his knees.
And also one other career that has to be noted this morning. The great Kobe Bryant, 20 years a veteran of the NBA, went right from high school 17 years old made the announcement joined basketball at the age of 18, 20-year career, five-time NBA champion, also two-time finals MVP, third leading scorer in NBA history. Kobe now is going to go on a farewell tour and it begins tomorrow in Philadelphia against the 76ers after he announced that he's retiring. Philadelphia is his hometown.
Tickets -- I was just looking on the Web site seatgeek.com. They show you the prices for all over, normally $10, $11, $14 starting price, tomorrow it is $82 starting to go see Kobe's last game and Philadelphia which is 0-18 they've lost again.
BARTIROMO: My God, his entire career goes into the NBA right out of high school -- Kobe Bryant.
MAX: His whole career and what will his legacy be. All with one team but you say Kobe Bryant and everybody doesn't necessarily think third leading scorer NBA history.
SMITH: BARTIROMO: Yes. But I was surprised when you say that all of the basketball had taken a toll on his body. I don't think it is basketball is this wear and tear sport like football.
BLOCK: They're not wearing equipment and they're diving for balls, they're going after it. They're pounding that hardwood. It's a lot.
MAX: It's a lot. I mean it took the careers of some of our greatest players of all time. I grew up, a huge Larry Bird fan and that end he just couldn't do it. His back, you'd see him lying on floor. And Kobe has done all he possibly can. And look, a night he missed 15 of his 17 shots last night. It's time.
BARTIROMO: He's still a young man. What does he do now?
MAX: I don't know. If I had all that money and all that time.
SMITH: So Jared you're a Larry Bird fan. But Michael Jordan is the best basketball player that ever lived, right?
MAX: Probably the best individual talent that we have ever seen. Kobe Bryant like Michael Jordan, like Bird, like Magic Johnson -- a most fierce competitor. And that's what Kobe sticks out to me. Of his era he is the most fierce competitor even more so than Lebron James, I think he's a little hungrier.
SMITH: Wow. That's certainly it.
BARTIROMO: All right. Good stuff -- Jared. Thank you.
MAX: Thank you.
BARTIROMO: Jared Max with the latest there.
Coming up there is no denying it, robots have now ingrained themselves in our daily lives. Straight ahead we will tell you how to profit from the rise of these machines.
Keep it right here. Back in a moment.
(COMMERCIAL BREAK)
BARTIROMO: Good morning. I'm Maria Bartiromo. It is Monday, November 30. With me this morning: Fox Business Network's Sandra Smith and Rhino Trading Partner's Michael Block.
First though your top stories at 7:30 a.m. on the East Coast this Monday morning.
Breaking news the U.S. embassy in Afghanistan, is warning of an attack in Kabul. The embassy issuing an emergency message for U.S. citizens there, saying that it has received credible reports of an imminent attack to happen within the next 48 hours. No other details of the threat are known at this time. We are bringing you any developments as they come in out of Afghanistan.
Despite the threat, President Obama and other leaders in the world, are at a climate change summit this morning in Paris. President Obama spoke moments ago explaining why addressing this issue is so critical right now.
(BEGIN VIDEO CLIP)
OBAMA: The United States of America not only recognizes our role in creating this problem, we embrace our responsibility to do something about it.
(END VIDEO CLIP)
BARTIROMO: Even though holiday shopping season in full swing now, most Americans are choosing clicks over bricks. More people shopping on line than battling the lines at stores over the Thanksgiving weekend holiday. What the changing landscape of retail means for the economy, consumers and money -- your money.
Turning to markets this morning, futures are showing a higher opening for the broader averages. In fact, we've come back quite a bit from the flat showing just about an hour ago. Dow Industrials now looking to open up about 36 points, the Nasdaq, the S&P 500 also trading higher this morning.
In Europe, the major averages are mixed as investors wait on an important ECB meeting later this week, where, by all accounts, people are expecting Mario Draghi to announce further stimulus. We'll see if that weakens the Euro. At this point stocks higher across the Eurozone.
Markets mostly lower overnight in Asia, meanwhile, although we did have a bit of a rebound in China. The Shanghai Composite posted a slight gain, higher by a quarter of a point - 1/4-percent rather. But the Nikkei in Japan, the Hang Seng in Hong Kong and the Kospi in Korea, all lower this morning.
The International Monetary Fund is expected to name the Chinese Yuan as a reserve currency, putting it in the same group as the dollar, the euro, the yen, and the British pound. This will raise the pressure on China's government to change how it manages its currency.
Amazon unveiling a new video of its delivery drone. It is the first prototype we've seen since the retail giant announced plans for the drone service about two years go. Jo Ling Kent with the latest from the Amazon Fulfillment Center, nearby; she is going to be coming up, giving us the lowdown on (inaudible) this holiday.
Bank of America out with a new report, teaching investors about the robot revolution and how to best invest in the rise of machines and artificial intelligence. Bank of American Merrill Lynch, Head of Thematic Investing, Sarbjit Nahal joins me right now to talk more about it. Dagen McDowell also joining the conversation. Good to see you, sir.
SARBJIT NAHAL, HEAD OF THEMATIC INVESTING, BANK OF AMERICA MERRILL LYNCH: Good to be here.
BARTIROMO: Thanks so much for joining us. We know robotics has taken over a number of areas within our work life, our personal life. How do you invest based on that?
NAHAL: That's right. Well, I think becoming increasing ubiquitous across our life as providers of labor, safety, mobility, as well as convenience. 2014, you look at a space like industrial robot; it was an all time record year. We were up to 229,000 robot systems being sold around the world. That is up 29-percent, year on year. So what we did in the report is set out a number of different entry points for investors. Industrials are clearly going to be one of the most obvious spaces, but we also think there's huge opportunities, in terms of the self-driving car; drones, both from a commercial and military perspective; financials; and healthcare, amongst areas.
DAGEN MCDOWELL, FBN CORRESPONDENT: I was reading the report. Robots are likely to be performing 45-percent of manufacturing tasks within the next 10 years. Right now its only 10-percent. Talk about the possible job destruction just in that industry alone.
NAHAL: That's right. I think we have to be cognizant of the fact that there's such huge room for growth, in terms of penetration. Only 10- percent of tasks are currently using automation or robots. You look at levels of robot penetration around the world, and we are only talking about 66 robots per 10,000 employees. You look at the Japanese auto sector we're up to 1520 robots. So long term, this does pose significant risks particularly for jobs like real for cashiers, office admin. We're talking about 47-percent of jobs at risk here in the U.S. and 33-percent of jobs at risk in the U.K.
MCDOWELL: Wow.
MICHAEL BLOCK, CHIEF STRATEGIST, RHINO TRADING PARTNERS: So, along those lines, you know, the baskets you create for the thematic investing portfolios and strategies, are there -- is there a mechanism where you can shortstop right be hurt by some themes?
NAHAL: What we try to do is identify the areas that we think are clearly going to benefit from both a short and a long term perspective and then identify some of the areas that are going to be at risk; and I think this plays out in different ways. You know a one to three year time horizon you want to be playing some of the supplier's people, the people who are providing the components or the robot systems. If we look out from the 3 to 10-year period this is going to clearly become an opportunity for certain companies here in the U.S. It's going to be a massive chance to reshore, for which there is massive political, political support and it's also going to be a means for a lot of companies to cut down their costs. Longer term, when looking out 25 years, out we have to think what happens to all these people going to be displaced?