lauren: breaking news this morning and the record rally on wall street who goes on and janet yellen. good morning. i am lauren simonetti repeated train to good morning. i am nicole petallides. we may have more games on the open. features a 30. lauren: let's go to asia. japanese stocks about the global economy. the nikkei up over 1% in japan and in china's shanghai composite down a 10th of 1%. train to the yield of the 10 year treasury back about the

2.5% mark. 2.47%. lauren: another busy dancing meets with israeli prime minister benjamin netanyahu. nicole: concerns about a controversial border attacks that could raise prices on import consumer goods. lauren: lebron james shines as the cavaliers hold up the minnesota timberwolves. over boston college. nicole: québec and makes the 2017th "sports illustrated" swimsuit issue. can't wait to see it. lauren: one in the new york. welcome to "fbn:am," your first look at morning markets and breaking news. train to israeli prime minister benjamin netanyahu makes the first official visit to this president trump. >> alliance between israel and america has always been

extremely strong. about to get even stronger. president trump and i see eye to eye on the opportunities and we'll talk about those as well as upgrading the relations between israel and the united states and many community fields. >> the two leaders are expected to discuss a peace deal with palestinians and potential move at the u.s. embassy in israel from tel aviv to jerusalem. after the meeting in the prime minister plans to meet mitch mcconnell. minority leader chuck schumer as well as house speaker paul ryan. they are scheduled to get a joint news conference at the white house. fox business will carry it live at noon eastern time. the chief executive like a large retailers including best buy and

jcpenney. ceos to make the case that a proposed border attacks will hurt their businesses. the president is finalizing the tax plan he does plan to unveil in the coming weeks. house republicans pushing for 20% tax on all imports to the country to 20%. train to learning more about michael flynn's conversation with russia. flynn was interviewed by the fbi last month about a so-called with the russian ambassador to the u.s. it is not clear what questions the fbi asked her what he told law enforcement officials. meanwhile, the white house had just six days into his presidency, president trump knew flynn had vice president mike pence about his contact with russia. not that he disguised sanctions with russia but tonight it for a

week. lauren: international waters 70 miles off the coast of delaware yesterday morning. the first such an insipid trump administration. all of this after four russian jet is the uss porter and the black sea on friday. u.s. official telling fox news back in december the kremlin secretly deployed controversial crude missiles inside russia and they flew within 200 guys at the u.s. navy destroyer. nicole: authorities have arrested a woman and the investigation continues into the apparent assassination of the half brother of north korean leader kim jong on. he was assassinated on monday. this is a photograph of the one to possible assess its icy or wearing a shirt with the word lol in large letters.

kim jon nam complained of illness and died on the way. he has been living under protection. >> and significant this that occur on chinese soil. under the protection of beijing. nation was thinking about him as perhaps being a replacement or his rather and clearly couldn't kill him while he was in the people's republic. trade to south korean media reports say two women attacked him with poison needles. treated to a fox news poll shows americans are split when it comes to president tran's order and immigration. 52% disapprove of the temporary travel ban. 46% approve. the least popular part of the executive order is the indefinite and syrian refugees. 43% say that went too far.

nicole: hundreds of thousands of people in northern california for his back to a kid that have been given the green light to go ahead. >> taken into account the current level of risk. the predicted string at the next round of ink from the other in the capacity to accommodate increased inflow associated with those storms. we have concluded that it is safe to reduce the immediate evacuation order currently in place to an evacuation warning. nicole: will cost between $10,200,000,000 to repair a to repair spell at our built-in which is the country's largest yet there are concerns that the 30-foot wall of water downstream.

day two of testimony this time before the house financial services committee. yesterday went before the senate banking committee and seemed pretty optimistic about the economy. peter burns has more. >> chair jay mcmillan said number increases as soon as next month. >> labor market conditions continue to strike in an inflation is moving up to 2%, consistent with the committee's expectations. for upcoming meetings, the committee will value it for their employment and inflation are continuing to evolve in line with its expectations in which case a further adjustment of the federal funds rate would likely be appropriate. reporter: waiting too long to hike rates would be unwise potentially requiring the state to eventually raise rates rapidly.

that she said could risk disrupting potential markets into recession. she declined to comment on the plans for attacks can't another stimulus for the economy and how they might affect monetary policy statement was too early to judge potential impact. back to york. trade to fox business exclusive. today, peter burns will set down the st. louis federal reserve president for his take on the economy )-right-paren fox business. trade to mark cuban predicts big changes in the technology worked in the next few years. she then was a guest on the o'reilly. >> with artificial intelligence can the machine learning, and are not turks, who is the more technological change over the next two years than we've seen over the last. >> in order for people to harness the change, they have to know the new technology inside and out.

>> that's not the way it works. people will be replaced by these technologies. train to cuban says will have to find new jobs for workers displaced by changes. lauren: global market action overnight in asia appeared mostly appears to the nikkei up 1%. the hang seng in hong kong getting half of a percent. the writer is for the shanghai composite in chinatown .1%. nicole: southbank on the deal, all higher today. largest in the world gave a great output as well. up about 4% today. markets in europe higher across the board getting half of 1% to the london ftse, half of 1% to the cac and german dax up one third of 1%. 20,000 for the first time and now we are halfway there. dow futures up 27 points.

look at the train to squeak out again right now. trade to make a cup of goldman sachs. let's check out the movement of commodities. oil down 42 cents. golda 1 dollar. lauren: one of the reasons the japanese market was higher. softbank making a big move, great to buy investment group for $3.3 billion. the deal is part of an effort to transform itself into one of the world's largest investment firms. managing about $70 billion in assets and invest in real estate of accredited private equity. on by the japanese businessman but he actually sold. it acquires control of the u.s. mobile phone carriers to sprint. nicole: aig is a stock we're watching today. tumbling more than 4% in extended trading after aig reported a bigger than expected quarterly loss.

but it's mainly due to if i put this million dollars charge to cover future claims. merck fell nearly 2%. the company says it is halting the study of an alzheimer's drug because it did not appear to be working. fossil group plunged 15% in extended trading after it watches and accessories reported disappointing results for the latest quarter. lauren: coming up from the trunk rather goes on. about the future of the u.s. economy. >> incoming data suggest that labor market conditions continue to strengthen and inflation is moving up to 2% consistent with the committee's expectations. lauren: the economy strong enough to handle higher praise. are we going to get done? why he likes the bank stocks and what he says to stay away from the dividend darlings. looking at the features come the dow futures higher by 27 points.

another record today. oil prices up trading at $52.89 a barrel down 31 cents. you are watching trains have been -- "fbn:am," your first look at morning markets and breaking news. ♪ ♪

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nicole: morning. 5:15 a.m. in new york gave president tripp meets israeli prime minister benjamin netanyahu at the white house today. the administration says the two state solution is not necessary to achieve peace between israel and the means. that's a major reversal of long-standing u.s. policy. the two leaders are also expected to discuss iran and a potential move of the u.s. embassy in israel from tel aviv to jerusalem. chief executive of the country's largest retailers will also meet with the president today and they will make their case at a proposed border tax will raise the prices and hurt their

businesses. this comes as the president is finalizing his tax plan that he plans to unveil in the coming weeks. fed chair janet yellen is bullish on the u.s. economy and that could mean a hike in interest rates. she told lawmakers yesterday that job gains and rising inflation could get the fed to raise rates as soon as march. let's check at u.s. stock market futures after record closes yesterday for the dow, nasdaq, s&p right now. the dallas up your futures at 27. s&p futures on fractionally. lauren, happening now. nicole: acid record close and we are only two months in. how far can the rally really go? chief market strategist for more. good morning. >> good morning lauren. nicole: nice to see you. 14 trading days ago we were at 25. are we going to see 21,000 if so

why? >> what's interesting here is there is a combination of things going on. fundamentals have improved. the fourth quarter was certainly better than third. s&p 500 will record about a 4.5, 5% earnings growth in the adjustment estimate for the balance of this year certainly haven't come down. economic data has been battered. i think that it feels like the comments of progrowth and pro-business may come to fruition now. there's a lot of roadblocks in the way of getting that accomplished. but we hear about things like having a fabulous tax-cut plan feels like we will get closer to details on that. half of the rally is predicated on the progrowth president with a progrowth agenda that will get pushed forward. >> 46 sessions with the dow, nasdaq, s&p did the nasdaq

hasn't seen that since i was in high school in 1989. would you make of that? lesh, bearish or neutral? >> that's a great question. i wish i was in high school in 1989. the other part of that whidbey is telling us that investors feel we are probably out of place with is not a great deal of risk. there's more outstripped his -- upside than downside. receiver rotation and technology into financials. that's happening at a gradual pace. we haven't seen a massive selloff in bonds. more of that probably coming. but we have here is a gradual acceptance that if in fact it moves forward in the economy continues to move, it will work its way higher. the scary part is we haven't had any of those bumps in the road. whether it is the flood disaster or something like an argument

over border tax this list of the process of tax reform. that's when the market will have a significant move forward. train to the market is hoping and expects to tax reform soon? >> i think that's half of it. the fundamentals have improved with that. art hogan, chief market strategist. thank you for your time. nicole: coming up, is the top dog at the westminster dog show? >> rumor has it. nicole: we will have the best in show for you. lebron james shyne says cleveland cavaliers and dr. david over boston college. the third time is the charm. kate upton is back. the new cover of the 2017th "sports illustrated" swimsuit issue. you are watching "fbn:am," your

first look at morning markets and breaking news. ♪

>> the 141st annual witness. >> best in show. nicole: congratulations. a german shepherd named rumor at the 141st westminster cannot club tuesday. the five-point federal female from wisconsin was a crowd favorite after placing second in last year show.

the first german shepherd to win the coveted title since 1987. featured an irish setter play second base after a big win. officially retired. she plans to have a puppy. nicole: a look at the latest in the world of sports. cleveland cavaliers played without star kevin not to send the timberwolves. from james. i see that again in slow motion. cleveland up five. third quarter, andrea begins takes the three. down 8881. kerry irving goes in off the glass. the three pointer game is tied at 59. this is from the outside.

guess that's the fact. i buy for. notre dame gets the win 84-76. in hockey, a milestone to. crosby said to just crosby 999 points. he is one point away from being 86 player to reach 1000. finally, cheap domestic back discovered the "sports illustrated" issue. their time on the cover. i've generally got three different covers. pearson has the most of any model. she has five. pilot in the millennium falcon in "star wars" movies.

monday when in real life full text in his own plane. the 74-year-old landed the plane on their broad runway at john wayne airport in orange county and he passed directly over an american airline that was waiting to take off. her after the air traffic controllers meant to be underneath me. the faa is investigating of march 2015 the emergency landing on the santa monica golf course after his engine failed and he was seriously injured then. nicole: coming up in a busy day ahead for donald trump as it gets set to meet with israeli prime minister benjamin netanyahu. >> president trumpeted the item light on dangers but also the opportunities. nicole: mark cuban tells bill o'reilly that we will seek more changes in the job market in the next three years in the past three decades. we will explain that. you are watching "fbn:am," your first look at morning markets and breaking news. ♪

is

nicole: five comments on the economy from a church in a gallon. good morning. i am nole petallides. lauren: up another 92 points yesterday. more games at the open. don't futures at 23. nasdaq up not even apply. s&p said the dollar. japanese stocks jump on optimism over the global economy. the nikkei up over 1%. china's shanghai composite index ]-close-bracket 10th of 1%.

lauren: the yield on the 10 year treasury 2.47%. nicole: we are watching another busy day for donald trump as he meets with israeli prime minister, benjamin netanyahu. nicole: the president during concerns about a controversial border tax that could raise prices for good that you and i buy at the store. nicole: in sports, lebron james shyne says the cleveland cavaliers hold of the timberwolves. notre dame rallies for win over boston college. lauren: and she's back. kate upton makes a new cover of the 2017th "sports illustrated" swimsuit issue and will show all of them to you. nicole: 5:31 a.m. in new york. wednesday, february 15th. we welcome you to "fbn:am," your first look at morning markets and breaking news. lauren: israeli prime minister benjamin netanyahu making his first official visit to president tribe. >> alliance between israel

israel and america has always been extremely strong. it's about to get even stronger. president trumpeted icy i do like the dangers emanating from the region but also opportunities. we'll talk about both as well as upgrading relations between israel and the united states. white house officials say the two leaders are expected to discuss the deal with the palestinian. iran's threats and potential both of the u.s. embassy in israel to jerusalem from tel aviv. after the meeting, benjamin netanyahu plans to meet with mitch mcconnell, chuck schumer and house speaker paul ryan. president trumpeted prime ministers met in yahoo! scheduled to hold joint news conference and fox business will carry that live at noon eastern. nicole: president tribe said to me that the chief executive of a large retailers today including target, best buy and jcpenney. retail industry ceos to make

the case that a proposed order tax will raise consumer prices. this comes as the president is finalizing its tax plan to unveil the coming weeks. the 20% tax on all imports while lowering the corporate income tax rate to 20%. the clinton's conversations with russia. lots of question marks on this story still. he was interviewed by the fbi last month about phone calls that the russian ambassador to the u.s. not clear what questions the fbi asked her what he told law-enforcement during the interview. the white house says six days into tribes presidency, trumpeted that flynn had misled vice president mike pence about his contact with russia. the white house says it was not that he discussed u.s. sanctions with russia, but that he denied it for weeks. phone records and intercepted calls to show that members of the trump campaign had repeated

contact with senior russian officials and the year before the election. nicole: the russian spy ship patrolling the east coast of the united states. it is in international waters 70 mass off the coast and is the first such instance under the trump administration. after four russian jet is the uss porter in the black sea on friday. a u.s. official telling fox in december the kremlin declared controversial cruise missiles inside russia and flew within 200 yards to a u.s. navy destroyer. tribunal issued media said they've arrested a woman as the investigation continues into the assassination of the north korean leader kim jong un. kim jong nam was assassinated at an airport on monday. this is a photograph of one of the possible suspect under surveillance camera at the airport.

this woman is wearing the words lol in large letters on a sweatshirt. waiting for a flight when he complained of illness and died on the way to the hospital. kim jong nam has been living under macau under cheney's protection. >> any significant difference in did not occur in chinese soil. it was under the protection of beijing. beijing was thinking about him as perhaps a replacement and couldn't kill him while he was in the people's republic. nicole: two women attacked them with poison needles. a fox news poll shows americans are split when it comes to president tribe's executive order and immigration. 52% of those surveyed disapprove of the temporary travel bed while 46% approve. the least popular part of the

executive order is the indefinite ban on syrian refugees. 53% say it went too far. lauren: chittagong on capitol hill for the second day of testimony before the house financial services committee. yesterday she went before the senate aging committee and offered optimism on the u.s. economy. peter burns has more. >> said chair is advised that said chair set by state number increases as soon as its next policy meeting next month. >> incoming data suggest that labor market conditions continue to strengthen and inflation is moving up to 2% consistent with the committee's expectations. other upcoming meeting, the committee will evaluate whether employment and inflation are continuing to evolve in line with its expectations. in which case a further adjustment of the federal funds rate would likely be

appropriate. >> waiting too long to hike rates would be unwise to essentially requiring to eventually raise rates too rapidly. that could risk disrupting financial markets and pushing the economy into recession. she declined to comment on the plans for a tax cut another stimulus for the economy and how they might affect monetary policy saying it was too early to judge potential impact. back to you in new york. fox business exclusive 12:40 eastern time. james bowler or has taken in the economy and interest rates. )-right-paren fox business. future showing an 18% rate hike. mark cuban predicts big changes >> machine learning or mineral networks. more technological change than

we've seen >> in order for people to harness the change, they have to know the new technology inside and out. >> i'm telling you that's not the way it works. people are going to be replaced by these technologies. nicole: cuban says he will have to find new jobs for the workers displaced by changes. lauren: cop in the global market action overnight. 1% gain for the nikkei in japan in the hang seng in hong kong. at the percent to south korea. the shanghai composite down .1%. nicole: credit 3.5%. softbank in on the deal. up one third of 1%. the cac off their earlier highs. france a more than one third of 1%. nicole: u.s. market tried u.s. market tried to go high. small is taking us to the record

levels. we will see another record because futures are up 21 points. s&p pulling back one point. the nasdaq pulling back looking at the features of dignity. nicole: oil saw the most recent findings from apis that we saw in inventories that to their. seeing a pullback in oil down 23 cents at 52.97 a barrel. gold is up after being down for sessions in a row. nicole: this is how the dollars treated against key currencies. canadian dollar is the only one -- not even anymore. trade to checking out the 10 year bond yield a 2.47%. lauren: japanese tech and telecom group making a big move by asset manager fortress investment group $3.3 billion. the deal is part of an effort to

buy softbank to transform itself into an of its largest investment firms. investment real estate credit and private equity is owned by japanese businessmen. in 2013 and acquired control of u.s. mobile phone carrier sprint. here's a look at headlines in today's edition of "the wall street journal." one of the biggest activist investors has built a $3 billion stake in procter & gamble. the move by the hedge fund has that urgency to the consumer project turned effort to turn around its business and boost its stock price. donald trump's big faces tough questions to become labor secretary hinges on his testimony in a confirmation hearing tomorrow has an unusually large number of gop senators are reserving judgment and toby hear his explanation of several sensitive matters.

google is youtube cancels cutie pie shell. youtube canceled the top star show after his anti-semitic jokes complementing efforts and also featured edgy enthusiast are. they cut ties with the youtube star who earned $60 million last year from his videos. nicole: the trump rally rolls on. optimism from federal chair janet yellen about the future of the u.s. economy. >> incoming data suggest that labor market conditions continue to strain and an inflation is moving up to 2% consisted of the committee's expectations. lauren: why he likes the financial stocks and then stay awake when the dividend database to another record breaking day on the street yesterday. the dow will do okay today. s&p and nasdaq futures each down

one point this morning. let's look at oil prices. just under $53 a barrel on concerns that opec compliance has been pretty good so far with production cuts on how long that will last. you are watching transcended, stubbs said ♪ you are white sheen of "fbn:am," your first look at morning markets and breaking news. ♪

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lauren: 5:45 a.m. in new york. president tribe made benjamin netanyahu at the white house today. the get-together comes as the administration's visit to state solution is not necessary to achieve peace between israel and palestinians. that is a major reversal of long-standing u.s. policies. the two leaders expected to discuss iran and a potential move of the u.s. embassy in israel from tel aviv to jerusalem. the chief executives in the country's vegas retailers will estimate the president tribe today. that would make their case that a proposed border tax will raise prices for customers and hurt

their businesses as a result. this all comes after the president is finalizing tax entity plans to unveil in the coming week. fed chair janet yellen coalition that could mean an interest rate hike next month. she told lawmakers that job gains recently as well as rising inflation could get the fed to raise interest rates in their march meeting. dow futures are up 18 points. s&p and nasdaq futures each going back one point. that's a look at what's happening now. nicole: dow industrials rising from four straight trading days instead of six record close of this year. how far can the rally go? will it continue to go right to chief market strategist, wunderlich securities. good morning. you've been doing this so long. we are at the close, continuing to soar. where are we headed? >> is certainly think that that path of least resistance.

we also have an incredible possibility of progress policies put into place. that's remained a step back a number of device and about larger things. if in fact we get tax reform and restructure spending a bit of deregulation, who is not good for? the financial incentive for a while and they think technologies that as well. >> it's interesting a lot of people say the market to record highs. everything has to be great. investors are confident. he could make the argument we have seen a 1% visited the direction for any major averages and only six days. that's a very long streak of that kind. what does that suggest to you? >> can we talk about those low levels and has been gradual just post the election to the results and since then with out the

data. that's probably natural. it is probably going to feel like the energy is really working its way into rotating and the sectors will do well. nicole: backbench unfitness if i was to investigate the hot content which is about and avoiding some of the dividend earnings. can you explain? >> sure thing. we've archly believe we are in a rising interest rate environment. we think the course of the offenses for interest rate to go higher. that does not vote well for those who have done well over the last three or four years. the trait can jimmy steward ne. the flipside is financials. resident trish stratus good for financials getting back to their 2007 levels. i think it is good for technology and i think if we even get a hint of infrastructures and made, industrials outperform here.

lauren: how many interest rate d.c. this year? >> we are being guided to three and that makes sense. dependent on the fact we continue to move towards our goals of employment and inflation. it feels like that's the case. we will see previous years the first after march. nicole: lets hope the rally doesn't get derailed. art hogan, chief market strategist at wunderlich securities. thanks, art. >> event. lauren: who is the top dog at the westminster dog show? >> rumor has it. lauren: at rumor has it. best in show coming up. the third time, kate upton is back in a big way. new coverage of the 2017th "sports illustrated" swimsuit issue. you are watching "fbn:am," your

first look at morning markets and breaking news. ♪ [ alarm clock beeping ]

weather. ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] >> testing showed the 141st annual westminster dog show. [cheers and applause] train to a german shepherd named rumor has won at the 141st westminster kennel club in madison or garden. the garden. if i garden. the garden. the 5.5 group e-mail from wisconsin was certainly a crowd

favorite after placing second in last year show. rumor is the first of a shepherd to the coveted title since 1987. adrian become an irish setter placed second. after a big win, rumor retired and plans to have puppies in the near future. nicole: james wanted 2007. a springer spaniel and i have the grandson i adore her. janice dean is here for a weather forecast. she was at the dog show yesterday. who we are rooting for? reporter: it was amazing. the german shepherd was favored to win if she came out of retirement to try to win best in show and she did and she was gorgeous. i will tell you, here's the secret. rumor had a nap before the big event. you ladies know how important it is to have maps before big events. lauren: been updated. reporter: that's right. it's exciting.

rumor has it that doubt is going to be on fox and friends in the next couple hours. come join us. cooler temperatures across the midwest and we are not talking about arctic plunge here. we do have storm fun both coasts. a storm system might storm system by turning storm system might turn into a separate text is moving into his database. lake effect snow and snow advisories up for doing good in the northeast. features of a threat for parts of florida into georgia and south carolina. the west is something we are watching out for the next couple days because we have another round of storm systems here for an incredible rain. 46 inches of heavy rain as far south as california and more mountains snow. concerns with flooding and obviously they did their monitoring as well. back to you ladies. train to janice dean, thank you protect about dutiful dogs.

dutiful models now. lauren: kate upton is that you can have the "sports illustrated" swimsuit conference celebrate -- against three different covers. all mcpherson has the most of any model. she has five, but this is one of them. nicole: coming up committee american girl doll's new friend that is a big change for the company. you are watching "fbn:am" after a record day on wall street. courtesy records again. stay with us. ♪ something you love, you want to proct it. at legalzoom, our network of attorneycan help you

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lauren: check this out. for the first time, american girl introduces a boy doll. look at everett plays drums and his friends band. look at that, brown hair, hipster t-shirt and dark washings paid in addition comes after american gross sales were flat last year at always many years of growth. now we have to see if american gross are interested in the boy doll. nicole: barbie had ken. lauren: mak. nicole: thank you for watching trained avid. lauren: now we will say over to moran said maria. roberta roma. maria: good morning.

we're glad you're with us this morning. 6:00 a.m. on the east coast at the border tax battle. making the chase begins the tax on imports. it will make consumer prices higher taken a closer look straight ahead. fox news pulls out and cutting taxes and the economy. the fallout over flynn continues this morning. white house press secretary sean spicer explained in the resignation of michael flynn as advisor was about trust, not flynn's actual conversation with russia's ambassador. >> even as they are conducting his job, preparing for his job, going back and forth with counterparts throughout the world. without these world leaders: the president congratulated him, looking to set up calls when he was inaugurated. but this counterparts throughout the world. from day one, the white house counsel. the issue plain and simple came down to a matter of trust. the