numbefbiat top. >> thank you. >> thank you. >> figure out a way to add to 1100 figure. i won't support the bill. lauren: breaking this morning, several republican senators, you just heard one of them, is tax reform in rejerdy? cheryl: investors responding. right now futures barely pointing up. stocks in asia lower. shanghai composite down almost 1%. lauren: fcc rolls back net neutrality rules but analysts predict that the legal sight is

just beginning. fbn:am starts right now. cheryl: 5:01 a.m. in new york, friday december 15th, good morning, i'm cheryl casone. lauren: good morning, thank you for joining us. i'm lauren simonetti. cheryl: a lot of breaking news to get to. is tax reform in jeopardy, two republican senators pressing for late changes in the bill, compromise bill, florida senator marco rubio and utah senator mike lee want to expand the child tax credits for low-income families. >> i would outline the need for child credit. it's $1,100, a lot of people making 35, 40, $25,000 working are not going to be able toout liez as -- utilize credit as they need and i asked that the 1100 be raised.

21% without going into effect last year and cap salt at $10,000. cheryl: meanwhile one week to go before the froth runs out of money. asham shapiro has the latest from washington. adam: good morning, while everybody is paying attention to tax reform, another issue that's starting to play out and that's funding the government past the december 22nd deadline which is a week from today. so democrats and republicans are fighting. the appropriation's committee in the house has proposed a short roughly two-three week spending measure but it would be a full year of defense spending. democrats are fighting back saying, this is not a way to do

this. take a listen to what happened on the floor of the house. >> decided now is the time to shut the government down, trying to make blame to somebody else. the american people will see through that. the majority, party can do whatever it wants on this floor. it could have kept government open, it could have kept policies moving with its votes. time after time after time on critical issues confronting this country they couldn't come up with a majority. >> again, the deadline is friday, december 22nd, they are working on it and if they want to get out of here for the holidays, they have to pass it, back to you. lauren: after big news yesterday, disney's ceo bob iger has a lot to smile about this morning after deal to acquire assets of 21st century fox. can he recall cheryl tracee carrasco joins us. tracee: good morning, bob iger

could receive $142 million worth of stock at current share price under new employment agreement, along with disney's deal to acquire assets of 21st century fox, parent company of fox business network. this is what murdoch said about the ceo. >> made the condition of the deal that he would stay on. maria: that's one of the conditions that he wants? >> we didn't want to just -- someone run it and they didn't know. tracee: iger will receive a bump to $3 million as of january 1st, that's up from 2.5 million currently if the deal is completed, his salary will go up to $3.5 million. lauren: all right, they wanted him to stay on. amazon and apple are now f frenamies? >> yes, working with other tech

giants. will begin chrome cast and apple tv. streaming devices haven't been available to purchase for more than two years, this comes after a public feud between amazon and google with amazon refusing to support the technology that powers chrome cast, that's google stream device in response google would stop offering youtube on sam zone device, amazon's restoration of chromecast maybe seen as olive branch to google. cheryl: interesting. bring on the lawsuits. tracee: a lot to take in right now. obama era net neutralities are being rolled back. without net neutrality protection, opening the door to internet providers to charge extra, and pressure companies that stream video to pay extra for better speed and quality. the fcc say that is net

neutrality rules have slowed down industry investment. cheryl: i think the free market will decide this at the end to have day. yes, i will pay extra for netflix, if you don't want to do that, that's your choice. i think this is where it's going to go. i'm not a lawyer. lauren: potentially how much more would you perhaps have to pay. tracee, thank you. we are going dive deeper all of this, net neutrality, senior research fellow and the partner at the international law firm reed smith. >> good morning, lauren. nice to talk to you. lauren: thanks for waking up this friday morning. are consumers going to pay more a lot here or we don't know? >> maybe over time consumers will pay more depending on what household spend, that's trended up largely over time, but in the near term i think it's unlikely.

maria: exception of comcast. we are looking at the chart. stock prices of so many service providers, cable companies, verizon, t-mobile, arveción trveción -- at&t were down yesterday. aren't they in charge after fcc moved yesterday. you can't bet against the internet and what it means is going to continue to evolve. pretty solid that over the last 20 years and likely to continue, near term, there's been a lot of discussion, you know, the reality in this sector is that every decision is going to get litigated for several years and we have seen that for at least a decade in this area. lauren: yeah, 60 days and we will see this play out in courts. yesterday unexpected protests, bomb threat at fcc, a lot of reaction, particularly from democrats, listen to this.

>> young people know what this means. this is about democracy on the internet. >> we bring this issue into the 2018 congressional races across the country. make people be accountable. lauren: consumers, democrats are outraged here. >> gerard. >> the hyperbole is good because people are engaged and in that respect it's really important. the internet is actually working because people are talking about what's going on with policy. so i think the discussion is actually exciting, you know, even if the tone is full of rank er, loud. what's your take, do you think it's bad for you and me in. >> well, for you we have a 401(k), it's going to be invested in the internet over time. lauren: i'm sorry, go ahead. >> no, i was going to say, you know, i think the fears of

millennials are overblown. lauren: okay, so you don't see verizon charging someone more to access a certain site or watch a certain show? who is to prevent them from doing that? >> yes, so ftc is the big winner here. if people can't understand what's happening and how the service is working, there's a cop on the beat that's been very active with over 60 enforcement actions, there might be a different law enforcement agency doing the policing but there's still going to be plenty of policing. lauren: gerard, thank you so much. cheryl: is he in or is he out. house speaker paul ryan responds to report that is he's quitting after 2018, what the speaker had to say, that's coming up. and you won't believe what one woman is using bitcoin for, is the crypto currency funding evil? you're watching fbn:am.

ousted by chief of staff john kelly despite insistence that she resigned. fox news is learning that president trump's chief of staff old omarosa she was fired in situation room where electronic devices are not allowed. white house press secretary sarah sanders later defending the white house saying the president liked her and he did thank her for her service. and get this. a new york woman under arrest for allegedly bankrolling isis with bitcoin. prosecutors say the woman allegedly used 16 credit cards that were fraudulently obtained to purchase nearly $63,000 in crypto currency. she also is allegedly able to obtain a loan from new york bank for approximately $22,500 in june. authorities say she planned to travel to syria where she would join isis, cheryl. cheryl: it's like whatsapp. good grief.

well, back here at home the house senate conference committee set to release a compromise tax bill today but two republican senators, marco rubio and mike lee putting a wrinkle demanding late changes to expand child credits. >> unless they can figure out a way to add to 1100 figure, i won't support the bill. b. cheryl: what are you hearing? >> i think he will. i think there's enough compromise here. remember, the line that

president had is 20% and now looks like it's 21% which will add a lot of income that can be used for things like the child tax credit. i think marco rubio will sweeten the deal, this is art of the deal between the house, senate and the president. i don't think it's unreasonable to get more relief for those on the lower scale and in the middle income. so i think marco was right to do this, he is certainly a good negotiator and at the end of the day, i think the republicans are going to be satisfied not only with the individual rates but the corporate rates as well. cheryl: which by the way, we are at 21% corporate rate, rubio, maybe he had a opinion. look, if you're going -- let's give that to low-income families if you're going to up it 1%, split the money, but still $1.3 trillion plan. we haven't seen the bill, we have a pretty good framework of what it looks like now.

>> we are expected to see the bill later today, conference committee are expected to sign the report, somewhere around noon today, we know what's in it later this evening, i'm optimistic coming out of report, as brad said expanding child credit, sounds like the corporate tax rate will stay at 21%, what is the pay for for the expansion of the child tax cut, sounds like lowering the threshold of when the credit fazes out. that's really the name of the game, how do you make the math work. we have 1 and a half trillion dollars in deficit expansion to work with and it sounds like both the conferencees house and senate side have been able to find a compromise that fits within constraints. >> we hope we get growth, economic growth out of this and some of them were positive analysis as we will, brad, what we don't have at this point is true answers about what's happening with the health of a

couple of senators, senator mccain or cochren, had severe issues, is there talk about what's that going to mean when the vote comes through. >> it'll come right down to the wire. i do believe that republicans understand that we can't afford to lose any votes at this point and we either have to hang together or separately. it's really important not only for the health of the economy but also the health of the majority in the senate. we are going face a huge election next year and midterms are certainly historically not kind to the party in power. we need this victory not only for americans but we also need it for the health of the majority that is we hope to maintain with a republican president next year. cheryl: mattie, from tax perspective, top corporate rate -- top rate for individuals now looks like 37%. are you happy with that as well? >> i think that we will continue

to see a tax relief for individuals be built into any provisions, any reform that comes in the tax code after this initial bill, the important part is getting this tax reform across the line to really set the tone for any changes that can be made for the code in the future. gaining the corporate tax rate is very important to increase economic growth which in turn will increase wages for workers across the income scale, of course, getting income tax rates on individual side is something established in both house and senate bills and we will continue to see significant relief up and down the income scale when we see report today. cheryl: you know what's interesting, you bring up the fact that we had compromise with salt, that still is sting for those living in high-income states, of all the things that mattie talked about going back later on, you think state and local tax deduction is something that will get revisited down the road? >> it has to. this is not the end-all with tax reform. this might be the largest shot

at tax reform that we've had in 30 years, it's not the last tax bill that's going to be seen under the president. we are going to see the effects of how bill play out over time with markets and individuals, guess what, if changes have to be made, i wouldn't pay too much attention to the time limits of the bills because these bills are not permanent, once they are made, they can be change. cheryl: everything up for negotiation, that's really the motto, thanks for getting up early. appreciate it. >> pleasure. >> thank you. lauren: americans opening up wallet wider for the holidays. >> the best way to show someone how much you care. it is going -- tangible thing that you can point to and say hey, man, i love you. >> you love me many, many dollars. lauren: i will tell you how many dollars when we come back. put on your ugly sweater, baby, it's cold outside, at least in

northeast and midwest. has janice dean dressed for the occasion? we will be right back.

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well above expectation. expects americans to spend overall 4% more this year than they did last year. cheryl: here is the good news, it's really cold out so i'm going to need my ugly sweater to stay warm, right? lauren: they have hoods too and janice dean are you all bundled up? oh, yes, she is. cheryl: you go sister. lauren: we don't make any noise, just yo, baby. janice: i take you much more seriously in the sweaters, it's amazing. i just have to warn you because i'm on green sweared there's a weird thing but that's the magic of the green screen and make it more ugly. there you go, current temperatures in new york city 20-degrees, 24 in cincinnati and 24 in chicago. more snow if you live around the new york city area, past 24

hours, lake-effect snow machine up and running, watch the future radars, 2:00 p.m., 3:00 p.m., wow, burst of snow for the afternoon rush hour for friday afternoon. so just be aware that we could see a little bit of snow in parts of jersey, up towards parts of new england and in saturday we clear out, still cold, maybe warm-up as we head into next week. forecast today complete with ugly sweater across great lakes and northeast as well as potential of showers and thunderstorms over the gulf coast. happy ugly christmas sweater day. lauren: ask and you shall receive, cheryl has no green on her sweater and neither tracee carrasco. janice: i'm so glad that you got in the holiday spirit. lauren: just for you. janice: happy friday. lauren: happy friday. cheryl chevrolet we have a lot more coming up after we change out of our sweaters, struggling

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>> unless they figure out a way too add to 1100 figure, i won't support the bill. >> breaking this morning, several republican senators expressing doubts about tax bill compromise is tax reform now in jeopardy in. lauren: investors are responding, dow falling 76 points, down for the first time in five days. futures up this morning by 45.

cheryl: loss in stocks affectings markets there. dax are down. lauren: nikkei falling two-thirds of 1% n china shanghai composite down. cheryl: how do you get in on free-shipping friday, fbn:am continues right now. ♪ ♪ lauren: 5:30 in the morning in new york, it is december 15th, good morning, happy friday, i'm lauren simonetti. cheryl: good morning, i'm cheryl casone and happy ugly sweater day, lauren, well done. lauren: by the way, i never pay for shipping, just so you know. cheryl: good, because you don't get things shipped to you on time. [laughter] lauren: are we going to see tax reform this year? president trump touting his record of trying to do on taxes an cutting back regulations,

critics say deare regulatory push undermines consumer safety as well as environmental protection. cheryl: blake berman is at the white house and has all the details for us. >> president trump literally cut through red tape. celebrating cancellation or delay of more than 1500 planned regulations since he took office. the administration had set a goal of cutting two regulations for every new one, but the president says that ratio so far has reached 22 to 1. regulation is a stealth taxation, so many of these enormous regulatory burdens were imposed on our citizens with no vote, no debate and no accountability. now there is accountability. >> president trump also reiterating that he wants to cut the permitting process for infrastructure projects for more than a decade down to two years. infrastructure is the administration's next big initiative which tax reform hit

a speed bump on thursday, senator marco rubio said he's a no if there are no changes to child tax credit. the president, though, did not appear too concern. >> i think we will be there. great guy and very supportive. i think that senator rubio will be there for sure. we are doing very well at the tax front. we have tremendous support, we have tremendous spirit. >> sanders said that they still feel republicans are on a path to get tax legislation to the president's desk by the end of the year. back to you in new york. lauren: well, deregulation push is behind some of the big stock market rally that we have seen this year. wow, when you look at 401(k)'s is what you're saying, worried of some gop senators opposition to tax reform and fear of government shut down could bring down things, joining us now with his look at the marks is jeff snyder, president and ceo for the morning pulse, jeff, good morning. >> good morning, i'm sorry i

didn't wear the ugly sweater. lawyer we will fix it in our segment. i see that you are in the building. maria bartiromo, she wrote an op-ed in the wall street journal, she looked at the numbers and she said look, the final year to have obama administration, the new rules, they were 96,000 pages long. that was a record and now we are seeing president trump cut back on those rules, regulations, the red tape, how are businesses and consumers are responding? >> i think they are responding quite positively, if you look at stock market this year, 19% return year to date for s&p 500. rolling back regulations in a smart way makes sense and you have seen the markets react. we had new department of labor regulatory rules around the fiduciary standard, those have been delayed till 2019. so overwhelmingly it's been a positive result but it's a balancing act. lauren: for businesses big and

small? >> absolutely. it really is important specially for the smaller businesses. i mean, they are the life blood of the american economy, we have to make sure that we don't bog them down with the regulatory burdens. lauren: if we do get tax reform for christmas, do you see companies investing more? >> absolutely. it's something that people are really wait to go see what happens. we have been told by the president this week that this is going to happen by christmas and so i think there's really a lot of anticipation and you are seeing that in the market. yesterday we had the dow drop 76 points as you reported and you see what's happening in markets in general and i think, you know, it's really date today until we get that passed. lauren: it's interesting when you look at public polling on the issue of tax reform specifically, people just aren't as positive or optimistic, i want you to listen to something that maria bartiromo said right after the election on fox. >> this ultimately will be a huge buying opportunity because

when you look at both candidates' economic plan, on trump side he wants to lower taxes and roll bag regulation. regulation has been the one barrier for small business and large business, economic growth is what the country needs right now. that's what will be positive for the markets and ultimately people will view major selloff tomorrow as huge buying opportunity because of his policies. lauren: that was months ago and in that time we've seen the stock market just fly as well as consumer confidence, so what is the general public missing? what are they not listening to here? when they are looking at stock performance, 401(k), you are you positive 24% since the election. >> i think there's definitely euphoria. at the end of the day they vote pocketbookment once we get tax reform passed -- right now in a divisive political climate and people are hearing the rhetoric and it really is about seeing

results, going into the 2018 year and going into 2018 elections, we will hear more messaging from both parties on either side and i think it's really going to come down to house does it impact your wallet. >> thank you so much for coming on the show, we will get you the sweater in just a bit. >> thank you, guys. cheryl: president trump cutting the red tape. he said for every one regulation we've added we've cut 22, way beyond the goal -- lauren: he's getting started. cheryl: maria pointed that out on election night. look at the dow now. well, today is an important day for shoppers working on their christmas list. lauren: is anybody working today is the question? tracee carrasco joins us with headlines and the other headlines making news. >> free-shipping day. you can place orders online, no minimum price and then you can get your item delivered to you guarantied by december 24th, so

there are hundreds of websites retailers offering free shipping today, if you go free shipping day.com you can see all of them, there's almost a thousand of them, some of them, though, barnes & noble, brass proshops, jc penny, sephora, old navy, today is the day to get holiday shopping done or just shopping for yourself. lauren: we have been warned. what is snap to stay innovative. tracee: they have to do things to keep up with instagram, facebook, now that they have the similar features, so they are launching a studio, augmented reality developer tool for desk tops, anyone can create the world lenses that place those interactive imaginary 3d objects in your photos and videos. now we are not talking about the selfie masks, there it is. you can see the hot dog guy and so like i said, snapchat is i think to this so they can stay

ahead of these other competitors that are also doing similar things like this. so now they are expanding outside of in-house developers and see what other people can do. cheryl: kids are into this? tracee: yeah, they have to do something more than just filters, those aren't keeping people engaged with snapchat. cheryl: all right, well, i love a good sandwich and subway is bringing back one of their best ones. tracee: how could we forget the catchy commercial after 5-dollar-foot longs at subway. i'm not going to sing it. 5-dollar-foot long coming back in january. customers excited about this but franchise owners say they are not happy because they were taken off the menu in first place because they weren't making enough money. they are so unhappy new york post is reporting that franchise owners have started a petition to not bring this promotion back

despite all of that subway says it is going to just, you know, suck it up, bring back the sandwiches, the 5-dollar sandwiches. cheryl: you buy cokes, chips, a cookie, i don't do that but other people do. tracee: i do. [laughter] cheryl: january 1st. [laughter] lauren: the diet begins. cheryl: joke. lauren: coming up the force is here. >> it can't be enough. lauren: we will take a look at the big bucks behind the last jedi with movie critic mike. yesterday we brought you russian president vladimir putin news conference and now we are going to tell you that donald trump called him on the phone, what did they talk about? we will be right back. ♪

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be ready for them. hi honey, i'm ready for the mom, you don't use mannequins in the mannequin challenge. announcer: you don't have to know it all to be a perfect parent. thousands of teens in foster care will love you just the same. lauren: good morning, let's get you caught up on what's happening now. a firefighter has died battling thomas fire, corey iverson in san diego leaves behind a daughter and wife and a second daughter is due this spring. russian president vladimir putin

the white house says the leaders had conversation which lasted ten minutes and putin acknowledged for america's strong economy. while more women accused actor, one of them is thomas, she describes a 1980 incident in which he alleged exposed himself to her in a new york hotel room when she was 16 year's old. two other claim they became victim, hoffman says accusations are false. published a confession on social media account detailing episodes that started in college and extended into his professional career. cheryl, over to you. cheryl: we are staying with movie theme in a different way. good news, finally here, star

wars last jedi hitting the big screens, biggest movie opening ever. >> has always been there. when i was awake, i need help. cheryl: here to weigh in film critic mike, you are seen the movie. >> of course. i have to say this is probably the most satisfying star wars film and i don't say that lightly. gives you everything you want in star wars film and more, does changes and there's reveals, surprises, you like the characters, you care about them, they're going to be things you don't expect to happen. the set pieces are fantastic. i couldn't say enough good things about it. cheryl: i heard there's a lot of twists and turns, 90-plus

percent. 94% which is unheard of. that's amazing. >> specially for star wars fill. i'm a film critic. film critic audiences are like this. they were cheering. cheryl: film critics were. >> and gasping. cheryl: different director. >> this one is johnson who did the film luper and brick, they are smart in bringing directors that have a personal vision, he has taken the star wars formula and taken on its head. lauren: were you satisfied how they -- >> without giving anything away, you're so satisfied that by the end you really feel it. you feel just how important she is to the -- to the series, to the movies, it's really a great send for her. cheryl: amazing of the

projections, 45 million globally what analysts are, 225 in other countries and it doesn't count china. >> listen, my prediction is this will be the biggest film of all time. cheryl: really, the biggest film opening ever? >> i think it's going to make more money than any other film. cheryl: do you think they have enough to keep going because obviously disney wants to keep this rocking and rolling? >> they do have enough to keep going. the thing about star wars it's been around 40 years, they've got star star wars down, you fel like you are in a star wars movie, you know certain things about the universe, certain characters, everything you want to happen in the movie happens, you know w the exception of maybe, you know, certain things that are impossible to happen, everything that you want to happen happens. cheryl: is there any downside to the movie at all? some people that don't care

about star wars, other films opening to -- >> what's interesting is this the kind of star wars for people that don't like star wars, you don't have to know any of the characters to appreciate it. it's funny from the opening moments, okay, this is going to be a different star wars movie. cheryl: mark who doesn't like everything for sure, i have known you a long time. loving this. thank you so much. >> thank you. cheryl: there you go, lauren. she's not listening to me now. coming up in sports, the denver broncos triumph over colts not before another serious injury and jared max is coming up and sexual harassment claims now focused on espn. we will have that story. you are watching fbn:am. is this a phone?

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cheryl: two high-profile espn anchors have been accused of sexual misconduct. adrienne lawrence filed complaint with the commission on human rights and opportunities alleging anchor john and matthew mentoring for unwanted sexual or romantic encounters. lauren: here is a nice story, u.s. soldiers deployed in afghanistan are getting gift from j.j. watt, teaming up with reebok to launch new addition of signature shoe, instead of just sending it to that one soldier,

j.j. watt sends the entire unit their own pair. could you expect anything less? >> he did so much for houston after harvey. first time lebron james and rooky lonzo ball face off. jared: hey, happy friday to all. happy friday. enjoy this one because we have another guy with the initials lb who lebron james was linked to. larry bird u legend for sixth place for triple doubles list. lebron registered 25 points, 12 rebounds and 12 assists against the lakers. lbj put on exhibition. the cavaliers went for 16th time, beat lakers 121-112. lakers rooky, shy of triple double.

impressed lebron james though. scary moment for new york nicks last night, best player took himself out of the game against brooklyn nets and linked to locker room, did not return, the nicks beat the nets. left knee he said i had a sharp pain there, i don't have more information on what's going on. but it shouldn't be hopefully not too serious. doesn't matter what your form looks like, just get the basketball into the hoop. this fan at the hawks-pistons last night. check out his form. if you just saw form, what are the odds it's going in. he got $10,000. we got to see it once. nfl week 15 kicked off last night. indianapolis, denver broncos looking for second straight win following losing streak, they

got it. left shoulder injury u -- he ran for a touchdown and threw for a couple more as denver threw for second win. 25-13, colts tight-end brandon williams got a scare, concussion, carted off the field. good news, he is doing better and has been released from the hospital. after the tennessee titans lost on sunday, marcus has fired up. >> i have to find ways to get better and improve on. no, i'm just pissed off, that's all. jared: big words. mario opened press conference by apologizing because this is not how his mother raised him to talk. >> i got an earful of it from my mom. that's how i was raised and i

appreciate you guys. jared: really one of the good guys, one of the times that say comes from good parenting. no more they trade him to oakland a's, battling als. cheryl: i love that his mom got on back to the story other about his language. jared: you don't talk like that. it would be great. make the world a better place. lauren: not nba fathers. jared: i don't know who you're talking about. lauren: you can catch jared max in 24/7, siriusxm 115. cheryl: bailing out european market this is week. we are going to london, we will be right back

cheryl: european markets seeing the most money leaving those markets, this week and what's behind the big move riva gold joins us on this friday? what's going on riva? >> good morning, italy is a big stress for investors in e question fbi funds this week according to epfr global, they have announced an election next

march which has people worried about fresh set of instability there, looking likely to be quite close between quite a few parties and broadly if you're a u.s. investor and you put money into italian equity funds this year, you are up 30%. there maybe an element of end of year addressing going on. lauren: good point. what are take aways from the meeting? >> officials at ecb are really confident on the growth outlook not only is it strong this year but they are actually expecting even better growth than they previously forecast for next year and the year after. but still no inflation. a little bit like what we heard from the fed, they really don't see inflation and that means they may be sitting on bond and waiting a long time before they raise interest rates.

cheryl: what growth rates do they give you, what do they say? it was pretty tepid in expectations. >> they are expecting to be the best since 2007. they are expecting another banner year next year and the year after. you're looking at figures that are pretty much on par with the u.s. if not better in europe even though we won't have any kind of fiscal stimulus here. we will see -- we will see if it holds with the political uncertainty, for now it's looking pretty good. >> we have seen synchronized global growth, goldman sachs, others predicting 4%, 4% global growth in 2018. >> yeah, they are not quite aiming that high but we will see. it's been a lot better than we thought at the start of the year and you could see the same thing next year.