good night from new york.

talking about another short-term deal.

train to house minority leader nancy pelosi not mixing words on this one now she feels about the version of the tax bill. >> this is armageddon. this is a very big deal because there is really a very hard way to come back from this. they take us further, more deeply into debt. what can you do but raise taxes. >> certainly ramping up the rhetoric that the only reason the tax bill listen at the end of the world. adam shapiro has the latest from washington. >> good morning, two issues to everyone, the senate has to do that in the next day or two. we could begin the conference committee by the end of this week. then we'll get a vote on tax reform sometimes the week of december 18th. that's the key issue. money runs out on friday.

nancy pelosi, chuck schumer will meet with president trump. paul ryan, mitch mcconnell thursday will negotiate a compromise to keep the government running for two weeks. here's a quote from pelosi and schumer as negotiations about republican counterparts continue, we are hopeful they will be open to an agreement to address the urgent needs of the american people and keep government open. then you've got the issue of tax reform. peter king, republican of new york will not vote for tax reform because of the state and local tax deductions being repealed. he's pushing for more of them to be returned. mark sure to is the legislative go-between between the house and congress. here's what he said about where we're headed. >> in many ways the amendment ways the amendment that the inmate to build much more similar to the reconciled, but they should flow fluidly. we believe it will be a bill on

the president to ask the week of december so to fund the government by midnight on friday to effect the conference committee on tax reform underway. all of that in the next one for days. back to you. cheryl: also concern in washington, writers concerning deutsche bank received subpoenas from robert mueller and president trump bank account. the news agency says the deutsche bank has announced that a special counsel to share data held by trump and his family. germany's largest bank received the subpoena several weeks ago for real estate ventures that would not comment on that subpoena. lauren: versus the republican national committee no interest in alabama senate candidate filing allegations, several of

them that he molested two teenage girls when he was in his 30s. cheryl: blake burman has that part of the story. reporter: there is no ambiguity about it. president trump fully interesting way more senate campaign. he explained it this way writing if democrats refusal to give even one vote for massive tax cut is why we need republican way more to win in alabama. we need his help in stopping crime, illegal immigration to list a handful of other issues ended by saying no to jones of pelosi schumer topic. president trump knows the future of his conservative agenda in congress hinges on this election. we had a good conversation on the phone today and are working together for conservatives to turn in december 12. shortly after he endorsed come in he endorsed come in the present impact michael flynn's character before boarding marine one for a short cross-country trip to you to the president

defended his former national security adviser who admitted last week to lying to fbi agents. >> is such a strong life and hillary clinton if nothing happened to her. >> they reiterated will happen this year a giant gift as he put it. those at the white house close to the tax reform battlefield that they can get this done as well before the end of this year. back to you in new york. lauren: it is payday for oprah winfrey. she is selling a major stake in one of her companies. tracee carrasco joins us with more on that making news this morning. >> discovery communications is taking control which had

previously been a 50/50 deal. 24.5% for $70 million opera will still hold a 25 .5 stake in the network and continue as chief executive. cheryl: she's always been a pretty good business women. tracee: a lot of this is in an effort to protect children to use youtube. it will increase the number of people working to oversee content to more than 10,000 people next year after his come under fire for allowing misinformation in the hate speech come and disturbing content. youtube is developing advanced machine learning technology to automatically flag problematic content for removal. advertisers can the regulators and advocacy groups express ongoing concerns is whether youtube policy of the service is enough. lauren: test to be a social media company these days. we've seen reports that sun and

bnp guests are being watched where they are saying. more prevalent than we think. tracee: this is really scary if you are a customer. guests are reportedly finding the hidden cameras in their rental homes. two recent cases of this happening since october, including this one which was documented on twitter. they just found a camera in a motion detector and a bedroom. rooms have reported finding hidden cameras and smoke detectors. dear bnp has been bending account users are set up cameras in their homes like this even though cameras are not allowed in the bedrooms or bathrooms, other cameras must be properly disclosed to guess ahead of time. cheryl: they are talking about future lawsuits. the question is is it enough? that's really frightening stuff.

thank you very much. some other big stories we're following for you. coming up next despite sexual assault allegations come at president trump of the republican national committee officially backed whiteboard in its bid for the alabama senate seat. that romney not so fast. we'll find out today if congressman john conyers will step down after allegations of misconduct. you are watching the "fbn:am." ♪

cheryl: welcome back. let's get back. let's get you caught up with what's happening right now to the united nations nuclear high-level visit. chief diplomat traveling to pyongyang today for talks to senior regime officials hoping to find a solution to the tensions over the country's nuclear weapons program. the trip was arranged after the u.n. received from north korea. "the new york times" reporting congressman john conyers expected to announce today that he will not seek reelection. his great nephew who's also a state senator says conyers will make it official on a radio show

in detroit and ian conyers plans to run for that seat. outdoor retailer patagonia thinly president trump sorter to shrink to national monuments in utah say that will suit to stop it. the company running a full-page ads on its website declaring the president stole your land with the policy with a group that protect public lands. cheryl. >> big debate outlasted in alabama. president trump from lindfors senate candidate roy moore yesterday despite nine women accusing him of misconduct. the rnc once again supporting more. not everybody is on board with this. presidential candidate mitt romney took to twitter yesterday treating roy moore in the u.s. senate would be a stain on the gop nomination. the enforcement of other victims are courageous heroes. no vote, no majority is for

losing our honor, our integrity. here is what he treated. he doesn't care about truth anymore. the reawakening was glad. so who is more in touch with republican voters. that romney, president trump, republican strategist and chief campaign strategist jason johnson. good morning. all of this has become such a divisive issue. candidate accused of misconduct with teenagers in the rnc and the president now backing him. this is dangerous for the party? >> i don't know that's dangerous, but it looks a little schizophrenic you have to agree. could you imagine being a romney family christmas dinner table? folks are forgetting that his nieces in fact fact the chairman of drm the kabul of course after

they formally endorsed the decision to go back into the race. it is clear across the country on both sides, republicans and democrats have some very unfortunate situations. some allegations come as some proven come we just don't know. here in this race in alabama you have multiple united states senators, united states congressman who have endorsed roy moore. the president never took a position formally a position formerly committee expressed concern and then formally endorsed. you could say in the case of the president he took a stand and stuck with it. cheryl: because the polls are putting basically very boring shows in this race neck and neck and this could be a big problem for mitch mcconnell. listen to comments about the

moore controversy. >> is obviously not fit to be in the mid-states come on transcendent. we've looked at all the options to try to prevent that from happening. i think we let the people of alabama decided week from tuesday they want to send to defended and we will address the matter appropriately. cheryl: which means if you selected this could end up in the senate ethics committee. would you say? >> i think first of all if mitch mcconnell truly did not want roy moore to win the election, he maybe should have just remained silent on the issue. by speaking out so forcefully early, he allowed the moore campaign, whether true or not be a decision about the people of alabama and washington d.c. i can tell you there's one thing the folks of alabama do not want. citing allegations aside the

testing a judgment whether it's true or not, what they do not want it will not tolerate our politicians to the view as having failed them, telling them who to and who not to vote for. they're very well may be an ethics committee investigation if and when he wins because these allegations occurred, supposedly occurred before he was in the senate 40 years ago. you asked earlier whether or not the simple matter of endorsing whiteboard is dangerous for the party. and may or may not be. only time will tell. but this i can say. if roy moore and members of the united states move to the acc and war have been expelled, i do think that is very dangerous. if the people of alabama for any other state for that matter choose someone, we really have to step back and ask the question, is it really proper for other members from other

states to step in and say folks of alabama come you didn't know what you're doing them your vote does not matter. cheryl: there hasn't been an actual senator expelled since 1862. but at the same time, this does of course creative side of the the senate because roy moore is hardly under the mitch mcconnell styles of republican leadership let's be clear. >> absolutely. if and when he wins and i think he will. this is a special election in a runoff on top of that. this would be all about turnout. i don't believe very many voters in alabama who before these allegations are planning to vote for more thoughtful vote for democrats. it's a matter of turning out or not. cheryl: thank you for your time. great analysis. really appreciate you getting up

early with us. lauren: next week will be exciting. house of cards making a comeback without kevin spacey. >> my turn. lauren: will tell you in the series picks up again. it is winter, but it feels like spring in the northeast today. fox meteorologist janice dean with the forecast before you head out the door. you are watching "fbn:am." ♪

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>> i will march forward and do so alone. lauren: kevin spacey will be going it alone from now on. house of cards will resume next year for the sixth and final season without its main dirt. netflix advertised after sexual-harassment against him. robin wright says she will return for the final season but it's not yet known how the absence will be worked into the script. this will certainly start speculation among fans. cheryl: on twitter the this speculation is he's going to die. and she popped for equal pay. moving to another's tories developing out of california, and massive wildfire exploding right now in southern california

resulted in about a thousand homes evacuated. police going door to door right now trying to get thousands of people out of its path. >> anybody home? try to fire by the minute. 15 square miles causing a deadly car crash in ventura county north of los angeles now spreading towards the city of ventura. about 100,000 people live in that city. >> images are just frightening. you're in the northeast, rain gives december quite a different story. we want to know is this nice weather here does day? fox senior meteorologist janice dean. good morning. reporter: there are some changes coming to the northeast the next couple of days. very powerful system. the biggest snowstorm of the season for some across the northern plains and the upper midwest.

we were in the 60s in chicago. records across the upper midwest and temperature degree gap of 25 to 30 degrees. 22 in minneapolis and you factor with the colder and wind in rapid city. you see the cold air on the move pushing towards the northeast. for now we've got this has done because it's so warm across the east coast. that is going to change as the next cold plunge moves in on right in saturday perhaps bringing in snow. the system will be a rain event driven my kids know in new england but it's too warm for snow so there's some on snow so there is the model forecasts says he had into thursday. friday or next storm system may bring a little bit of the white stuff to new york city friday into saturday was cold air. cheryl: winter is here, janice. >> i wouldn't say forever, but

we are getting there. lauren: coming up, used to be this guy who stole christmas. we are going to tell you how. by the way, it's happening. facebook ceo mark zuckerberg does not want his kids on this site, but he does want your kids on facebook. we'll tell you how facebook is ripping off snapchat in just a minute. (news anchor) downtown traffic is still bad. expect massive delays. (radio channel changing) (news anchor 2) all lanes on highway 50 remain closed at this hour.

(news anchor 3) the stats are in and this city leads with some of the worst traffic, with the average driver sitting in gridlock the equivalent of three days a year. for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts, over the course of the week, to about 10 pounds of carbon dioxide. growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. or to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to study and analyze the flow of traffic. then, we will take all of that data and we use it to optimize the timing of lights, so that traffic flows easier and travel times are shorter.

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fidelity. ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too. build a better website - in under an hour. with gocentral from godaddy. cheryl: breaking news this morning. a victory for president trump's travel ban and allowed to take affect immediately. lauren: taxi firm drama

conservatives derailing efforts to merge the tax bills but house minority leader nancy pelosi says this bill is armageddon. cheryl: hopes for tax cuts. the nasdaq down 72 yesterday. futures pointing to a mixed bag. s&p and nasdaq are point lower. cheryl: the tech selloff went lower. opening relatively flat but the biggest decline down half of 1%. trade the stocks in asia as well. nikkei down 12 points for% pitching to combat the flood 120%. lauren: starbucks opened its largest store overnight here in the united states. "fbn:am" starts right now. cheryl: tuesday, december 5th. good morning and cheryl casone.

lauren: good morning. cheryl casone. i like the smaller starbucks doors. cheryl: that was a very large store. we will get into that later on. lauren: a victory for the trump administration as the supreme court rules the travel ban can take affect at least for now. residents of the six mostly muslim countries, white house pokes person saying we are not surprised by this supreme court decision permitting immediate enforcement of the proclamation limiting travels from countries representing terrorism. the white house had in the proclamation is lawful in essential to protecting the homeland. the band still faces lower court challenges before it goes up to the supreme court. >> joining us now on this is shaws sunna kucera. good morning. >> good morning. cheryl: there's so many questions. the white house says they are not surprised by the decision by

the court. were you? >> it is a very interesting and unique position here because the supreme court didn't make any rule. they didn't rule on the constitutionality of the travel ban. he simply said it could continue while the lower courts litigated and that's really interesting because that's an unusual opinion by the supreme court. usually it's a final ruling on whether it's constitutional or not. very unusual. cheryl: what do you make of the fact that now those that are fighting the travel ban want to bring into evidence the court as the case receives these retreats by president trump of these muslim themed videos let's just say abundant last week. without the legal precedent can introduce that indicates that was that was likely to the supreme court? >> they could introduce the

streets as potential evidence that there is a bias against muslims. at the end of the day, the cases balance in the presidential power, which is to allow people to enter or not enter the united states against the power of banning people. so it's going to be very interesting to see if they can prove they can use those streets to prove supportive bias. cheryl: you know, there is bias on one side, but if you listen to the president and administration, they contend we've got to be more selective about who we let into this country. you only have to look at what happened in europe with terror attacks, belgium, london to see that the security, our nation's security is important. won't that be a fair and stronger demand from the administration? >> it is a strong argument. definitely a high interest here.

the constitution of the united states make sure we don't discriminate people based on their religion or their nation of origin. it is really a balancing of two different sets of power. now you have a lot of different people come to security experts, former law-enforcement people saying this actually doesn't do anything to help the security of the country, so that also my comments in fact during the supreme court. cheryl: that is one site. the administration say we've got to do some another as we are sitting duck to terrorists. timing on all of this, the supreme court process in the case. >> what is going to happen is the lower court case has to eventually make it to the supreme court. they believe the supreme court is waiting to see how this is going to play out. you may recall this is a 30 duration of the band to see how this plays out in benefits going

and make its way to the supreme court. cheryl: the judges were clear they need time and time is certainly something everyone needs to process this outcome especially the tsa. thank you very much. we appreciate your time. lauren: efforts and mouse to move the tax reform bill to a conference committee nearly derailed after conservatives try to extend a two-week spending bill to keep a running two after christmas in order to gain more leverage. >> we would prefer a longer-term spending bill kicking the can down the road is something congress continually does. we had a december 8th save. we've known that for many months and yet here we are again talking about another short-term deal. cheryl: the procedural vote was approved in nancy pelosi didn't endorse how she feels on the senate's version of the tax bill. >> this is armageddon. this is a very big deal because

you know why? there is really a very hard way to come back from this. they take us further, more deeply into debt. what can you do but raise taxes? trained to deal the reason the deal the reason the tax bill isn't the end of the world is because america is a great country. lauren: the grinch who stole christmas, but now something else or someone else may be robbed us of our holiday cheer. cheryl: this is upsetting. tracee carrasco here with added more headlines. these are toybox, online robots go on line in buyout of the popular kids toy items then resell them on secondary websites like ebay so parents have to pay a lot of money to get kids popular toys for christmas. fingerlings for $1000. barbie dream house $1500.

senator chuck schumer calling on retailers to do something to crack down so parents can get fair access to popular items during the five years. lauren: fingerlings, that's crazy. i spent $45 for something that costs $15. train to set happening to you. that's interesting. somebody else that is a parent, mark zuckerberg doesn't want his kids on face the, but he was nice? he wants his kids to play outside, bed he just launched facebook kids targeting kids k-12. parents will have to go on and sign up their kids through their facebook account and they will deal to they communicate with. kids will be will to use the video service, post pictures and

messages. people are wondering, do kids this young man social media? kids putting parents in a tough spot because kids these days are asking their parents for cell phones, ipad fanatic and a facebook account, too? lauren: there's a big difference between a 6-year-old and a 12-year-old. lauren: a lot of questions there. lauren: where is the biggest starbucks in the world? train for shanghai. starbucks says china will become its largest by getting a decade surpassing us. that's a lot of coffee there. so that is opening up in opening up and there it is. beautiful. lauren: i would get lost. there is no in and out very.

tracee: meanwhile, in the united states starbucks are giving away gift cards. baristas will be armed with $50,020 gift cards totaling a million dollars, giving them out this holiday season part of their gifted campaign. go in and order a gingerbread latte. here you go. no exact when, where, who appeared you just have to be a customer. cheryl: thank you. a huge starbucks. he made a copy if you're going to see one of those bought oster movies over the holidays. we've now got a big movie deal to tell you about. said the world has agreed to by regal entertainment for reporting $6 billion. a big footprint in the u.s. box office. did you create the second-largest cinema operator

creatures of entertainment at 1% so far this year. for those londoners at this point in my life i need a cup of coffee. lauren: might advise you against a friday night with me. i always fall asleep. this is exciting. the markets. pushing closer to death 25,000. all of a sudden, investors are allergic to technologies that. jason morgan, anthony chan up to explain. the pontiac superdome failed to implode. we'll tell you what happened when they tried it again. the mike and i are both veterans, both served in the navy. i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010.

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cheryl: let's get you caught up with what's happening now. who the rebels, but we are doing so they appeared forces attacked the latest convair with rockets propelled grenade. previously had an alliance over the weekend with those rebels. nissan is stepping on a stepping on to castigate driverless cars on the roads. the company will turn electric cars to put them in japanese streets in march. they will have the safety driver in the front seat and a call center to monitor the location.

members to be part of the test drive. the second time is the charm for bringing down the pontiac. they finally get the job done twice as much as last time. the engineer said it was a wiring issue. second time's the charm. in the markets, the dow pushed deeper and deeper into record territory after the senate approved a version of the tax reform bill over the weekend. the nasdaq continues to fall as investors take their money out of technology stocks and put into financials as well as industrial. anthony chan, chief economist at chase. good morning. the national rotation away from technology or something else? >> that's exactly what's happening here. the tax rates were also a little bit different when you look at

the s&p 500 technology sector has an average tax rate of 24%. something like retail boom excessive 30%. you see those factors that would not benefit as much from tax reform and then moving on the direction of those set trees that have a higher effective tax rate and by the way let's not forget that the technology sector is done very well if you look the nasdaq 100 on a year-to-date basis almost a 20% from an 18% and of course given that 3%. cheryl: facebook shares up 55% this year to your point, but they were down 2% yesterday and down for a few days in a row. anthony, and i like this backdrop. i just noticed that. i also wanted to ask you this as we talk about the plan and may

you have lobbyists from the technology to put us up in the banking sector saying this defeat the purpose of cutting corporate tax rates if you don't let us claim certain credits for research and development in and development in his first tech companies are concerned, this is hundreds and hundreds of the year. would you keep the corporate amt? >> everybody wants to get a bigger break. over a ten-year period so that if you sort of get rid of the alternative minimum corporate tax than you to find other revenue sources. the president with the corporate tax rate of 21% or 22%. over 1% increase in the corporate tax rate over 1%. things up but tax reform will certainly make the

economy grow faster. next year we are looking for corporate tax reform could boost s&p 500 profits but whatever it takes to get the deal done this with the president is thinking in making companies with benefit but tax reform to give up a little bit. >> what are you looking at? >> i'm looking for maybe 170, 175,000. that's it for now. looking at earnings to pump up, maybe a three tenths of 1%. the federal reserve to the inflation gauge. but it takes a long time to show up. cheryl: appreciate you as always. >> thank you. cheryl: coming up, was tough for

football fans to watch this. the nfl is punishing new england patriots rob rakowski for this latest day. is it enough? after is charged with china coming is not that making headlines. what he just said that's turning heads. you are watching "fbn:am."

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train to love our ball and not happy with the suspension is an suspension is simply the amount of ucl is -- ucla's basco program after a shoplifting incident in china last month amid nature of mansour in the world. telling "the l.a. times" that

yes he is going to explore other options for his son. for ucla's basco players arrested for their season-opening game. the incident led to a war of words between lavar ball and president trump on who god the players freed from charges in china. lauren: do something world. he shoplifted in china. cheryl: let's not accept that. and i was going to try and get comments that reported is going to get his kid in the nba. let's talk about what happened last night. a big comeback for the pittsburgh steelers monday night football. cincinnati bengals late in the game made brutal block. linebacker on top of that the steelers wide receiver at taunting the player after the high hit. take into the locker room for

the with a head injury. the final second and steelers kicker nailed a 38-yard field goal. waited 23-20. the nfl suspending vodka cost to you without pay after late as sunday. the new england tight end riveted to the defenseless quarterbacks had. he did apologize for the play after the game. espn reporting manning will be back after the qb bob mackie do has been fired. claiming how yesterday jerry reese has started 210 consecutive regular-season games before his benching. cheryl: interesting game by him. temper its way between the golden state warriors in the new england republicans. they were both ejected in this didn't look good as well. seth curry going for a steel,

hurting his ankle. he is seen limping off the court. x-rays for breaking back negative. the injury is just a sprain. he is seen here as with sports persons of the year by "sports illustrated." defensive end jay jay watt the second baseman sharing the cover what in the world series this season. remember raising more than $37 million for houston's flood victims after hurricane harvey hit the city back in august. we haven't been able to watch him play football, but we love him. cheryl: i like the cover as the time comes to regulate bitcoin, straightahead on "fbn:am."

regulators may be closer to regulating bitcoin. riva gold criminal what is the u.k. doing with the kurds do? >> the u.k. definitely has a lot of reports this week around potential regulation of bitcoin. basically the more that it climbs and becomes mainstream and entangled and wider financial markets and get the greater kind of share of retail

and institutional participation, the more regulators are starting to wonder whether they need to be looking at this more closely. we've got the launch of bitcoin futures next week as well as a pretty sizable chunk this year that means as of right now that kind of falling to zero, only wiping out the market cap of facebook. if it continues to grow at this basic credit country and could pose systemic risk and get to the point where regulators have no choice but to step in. lauren: also want to talk to you about record corporate profits, what is fueling the stock market rally? >> 25,000 stacks up 19% this year is a huge chunk of the rally in global stock markets. some of it some of it is not well expand and paid jobs are getting expensive, but a good

chunk is just company is really delivering underneath right now. global economy strong, china continues to grow fast another around the world to see the synchronous pickup in growth that is so far a boon for profit. cheryl: riva gold from "the wall street journal." thank you. >> thanks for having me. lauren: maria bartiromo, good morning. maria: thanks for joining me. i maria bartiromo. tuesday, december 5th to 6:00 a.m. on the east coast. house republicans vote to move forward with negotiations. democrats are fighting back. nancy pelosi calling the tax legislation armageddon does at the opposition president trump expects the holiday surprise for taxpayers. >> we are now one huge step closer to delivering to the american people that historic tax relief as the giant present for