>> breaking news overnight. north korea's kim jong un has a nuclear button on his desk and is ready to sit down for talks. >> protesters and writers term in a police station 20 people are dead. president trump says it is time for change. i >> u.s. investors bring in the new year with the best performance is 2013. the dell 25% for the year paid the s&p up 19% they been as back scoring 28%. lauren: we could open with more gains. dow futures are five points. nasdaq down 10.

train to europe's tax faltering is reopened. all you european indices are slightly in the red. true to the shanghai composite up one and a quarter% on signs of a stronger economy trading in japan closed for the holiday. cheryl: if you're a nervous flyer, good news for you except have the plain rain may be. "fbn:am" starts right now. lauren: 5:01 a.m. in new york. her show of the new year. i'm lauren simonetti. first of the -- for show of the year for fox business network. thanks for joining us here. for those nervous fires out here, more of a chance from dying from a the thing in a

plane crash. cheryl: i know, but just the fear and everything else that goes with flying. at about this report we will tell you about will make any passengers feel any better. first come the breaking news overnight. south and north korea and a day after kim jong un said he is willing to send a delegation to the winter olympics in south korea next month. south korea will focus on cooperation but also try to discuss restoring strange relations with north korea. cheryl: kim jong un says the nuclear button is always on his desk. former chair of the joint chiefs of staff mike mullen says they face a greater threat of nuclear conflict in on the korean peninsula than ever before. >> we're actually closer in my view then and it legal war with north korea and in that region

than we've ever been in a just to be the opportunities to solve this diplomatically at this particular point. lauren: on trade cheryl: can reach the entire unit is taped coast-to-coast. lauren: and iran come in nine more people killed there in nationwide protest that continues from last week. iranian state tv says the death toll has risen to at least 20. iranian media reported one police officers killed in the three other officers wounded. republican senator lindsey graham says the obama administration's approach to handling the country was dead wrong. >> the people are not getting the benefit of relief. they are more upset that the pest is another paper money from sanction relief is coming into rebuilding the iranian military and destabilizing the middle

east. if i were president trump i would have a nationwide address pretty soon explaining why do we need to deal with a bad deal for the world, what a better deal with look like. lauren: that they are upset about the economy. on translation is 12% in iran. it shows that iranian leaders are panicking about the unrest in the country and how that is hurting the economy. the note says in part god help us. this is a very complex situation. cheryl: is a complex situation. we've got a guest to talk about especially what they saw what the president street overnight. iran is failing at every level with the deal is made by the obama administration. the great iranian people have been repressed for many years. they are hungry for food and freedom along with human rights print with human rights think about that iran is being limited. time for a change. managing editor at the weekly standard.

good morning. >> good morning, cheryl. cheryl: to senator graham's point, even tv upon administration. we were making in accord with iran. president trump seems to be saying they support the people of iran and that is not the leadership. >> it is shocking to me not only to be upon administration do that when they were in power but they're still trying trying to do that. in negotiating the avandia seem to president trump nl americans keep quiet and do nothing. those are the least we can for the freedom fighters willing to give their lives for their country and i find it shocking that deafening silence by this come from the rest of the free world on this issue. president trump is the only leader that has spoken out strongly about what is going on in iran and the killing and

jailing the murder and torture of innocent. >> you make a good point. where is trudeau. we've heard nothing from other world leaders. at the same time i'll ask you about this new reporter. according to this, the leadership in iran said basically that they say this is hurting our economy, that these protest threatened the regime security that we've got to get ahead of this. i wonder if this means they will call it the revolutionary guard. >> this is exactly why we need to be speaking out. you've got the canadian prime minister, german chancellor angela merkel, the teresa may say nothing. only have boris johnson, the foreign minister saying he regretted the loss of life msn calls on all sides to renounce

violence, while i am sorry, they sorry, they chew up one side that is being violent since it came into power and the authorities seem the revolutionary guard, which is the really harsh, brutal repressive internal security force and they are already on my contacts telling me thousands of people have been jailed. the one hopeful sign i will say is we are also seen reports that some of those revolutionary guard laid down their arms and day unite do not want to fight my own people. that is one thing this could truly be revolution once you have the people holding the arms saying this regime has no legitimacy a campfire at night own innocent people that's when you start to see real change. cheryl: glad you got sources because it's so hard to get information out of the air. this isn't being filter.

use a president trump in the iranian situation could aggravate the moment. what do you mean? >> this is president trump's moment to shine. i think about these leaders who have remained silent so far. theresa may, justin trudeau, thank goodness none of them were in power during the cold war. imagine how things might have been different. think about ronald reagan, margaret thatcher, these people spoke strongly in favor of the freedom fighters and give them moral support really underestimated here. keep quiet the iranians want to keep quiet. i hear regularly and say please spread the word as much as you can. we want people to know what is going on in our country and the more people who know about it, the less likely the regime is going to be to get away with it. president trump is the only world leader so far who has said anything and he really can be a

moral leader in this case and i am looking forward to hearing more would be sad and mike pence come in the healing others in the administration has spoken up strongly. >> i'll be curious when you keel he has to james comer thank you. we appreciate it. >> the president back at the white house set to kick off 28 team with a series of talks with congressional leaders on immigration, government spending and other pressing issues. here are the guys and gals of legislative affairs got her marks are scheduled to meet with senators chuck schumer and house minority leader nancy pelosi set for tomorrow. the senate returns to expand the masses back next monday. there's a big agenda that the

immigration as well. vice president pence is going to israel as planned. after his reported to his being canceled weekend. the trip was pushed back as the senate voted on the tax reform bill jerusalem as israel's capital. pencil visit israel during the week of january 14th and of course you had 20 other countries come out and say they also were looking at the idea of moving their embassies and jerusalem. lauren: escaping exciting. last year, safest year for commercial flying out of her. two aviation groups reporting 21750 deaths on commercial passenger jets. aviation safety network says the number of accidents has gone down since 1997 and the reason for that is improved airline

safety policies. the last fatal commercial jet crash of 2016 when the plane went down in columbia killing 71 people. however, the group reporting 79 people did die in 10 accidents involving cargo planes and of course the smaller propeller aircraft and this can be very dangerous as we just saw. cheryl: jumbo jets are getting saved her and safer. the technology is also made flames so much safer. lauren: i still worry about finding general on a small plane. i can help it. trained to convey off the. don't be nervous. $800 million right now up for grabs with the powerball make the millions shot pot. pitch your odds of winning not so great. for the $343 million mega millions prize you credit one in almost 303 million chance and

peered one in 292 million today. powerball is tomorrow. if you're hoping to win both, good luck. the chance of that board then blind and 88 quadrillion. they just wrote how would quadrillion. there's always this mass brush with ace jack potts gets a large, people run to the stores. lauren: you never know. i make a prediction will see big long lines at in n. out burger. pop goes the weasel in california and went throughout the tour. >> louis the $100,000 worth of cannabis and this would be a very busy day. "playboy" might kill off "playboy" magazines to expand the brand in other ways. we will be right back.

cheryl: welcome back. let's get back. let's get you caught up on what's happening now. thousands of passengers at airports nationwide stranded for hours after the u.s. immigration

system stopped working overnight. the glitch was same customizations to prop up fliers to a backup system with a lot of delays. the system is now back to normal this morning. close to reaching investigators looking into what caused the charter aircraft to crash soon after takeoff new year's eve killing everyone on board. 10 americans including a family of five from new york among the 12 dead. costa rican ms. barber puts the aircraft of problem shortly after aircraft -- takeoff. they play make closed in the magazine paid the private equity firms in talks to acquire 35% stake. the company tells its settling down on the first to make money from brand partnership and licensing deals built upon the "playboy" named. such an empire at one point in our history. very different "playboy" we are looking at. lauren: i have a feeling we will

see bunny ears popping up on napkins for instance. california made it legal for you to grow possessed and used limited quantities but it wasn't legal to sell until yesterday. jamie went from hundreds of people lined up wrapping around seven dispensaries in many designs for first-time pot shoppers. lots of green coming of green communion amounts of green going out. >> her per side is one of the nations largest marijuana medical dispensaries and today their doors just got even bigger opening to a completely new kind of customer. >> i don't know. first time? >> absolutely. >> orderly, clean. everything is great.

>> a medical card required is honest or 20 when you're free to buy and many like first-time pot shocker decided to give it a charge but admits there is a learning curve. >> there's different types than what it does what it feels like and i don't know anything about it. >> for 72-year-old diana burke of walnut creek is a throwback to the 60s. she's been pot free for decades. >> a small tiny amount. an over a third of today's customers are likely pot newcomers and expect that number grow in the new year. >> a really busy day here. over $100,000 worth of cannabis of this would be a very busy day. lauren: california cystic state

to provoke racial marijuana use of the pot and treat their best to hit $7 billion by 2020. cheryl: a lot of investment plays made. coming up, the house of mouse dominating the kickoffs and 17 box office. the last jedi, the highest grossing film last year just one free disney films. we will have a look for you. bone crushing cold temperatures sunday in the midwest and the northeast over the weekend and none of this may be going away anytime soon. we'll have the forecast from fox meteorologist janice dean. mixed bag near 2018. the first trading day of the year. the dow up 27.

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lauren: 2017 ended on a high night for "star wars" the last jedi claiming the number one spot in the final box office weekend box office weekend in figure earning another $60 million given in a domestic total of 533 million crowning at the highest grossing film of 2017. in fact come a better year for disney who also claims the third

spot. "beauty & the beast" including the galaxy claiming two. for the weekend coming jumanji welcome to the jungle home run in second place over $66 million at the perfect three in third place in rounding out the top five the grange shall mend and ferdinand. train to the critics beat up on pitch perfect three. i'm glad younger audiences are going to see that. trained to read the reviews are good. i thought of this turbo. train to an extra day of winter vacation for some students. the bitter cold schools in at least 11 states stretching from oregon to massachusetts. >> it doesn't look like the brutal cold is going anywhere soon. fox meteorologist janice d. with tuesday forecast. >> it's true. we are setting records across the nation.

current temperature is below zero in a lot of areas that might offend minneapolis to missouri in kansas city stretching as far south as the gold coast, even florida. 13 in new york and it's much colder. feels like minus 24 in minneapolis, minus nine in cleveland. downright dangerous to be a site for any great length of time. the worse the cold across the great lakes. current temperatures you can see minus 21 in aberdeen. minus 13 in des moines and you factor in the wind. minus 41 in aberdeen. dangerous cold print a lot of kids are off school because it truly is not good to be outside if you're not dressed in layers appropriately and send kids will get frostbite in a matter of minutes. the other big stories as we are following potential for a blog dusters snowstorm. right now it looks like the worst of the storm stays offshore, but we are going to have to watch this because this

is a huge potential weather maker for the east coast. right now mainly have short but this approaches the shoreline say 100 miles from the 200 mouse talking about a block buster blizzard on thursday. stay tuned. already busy and 28 team. back to you. train to how many inches of snow does bob mr. mean. >> of this comes closer we'll be talking about snow. the models have been trending offshore. however, we have to watch it because like i said if it is a little more towards the west we will be dealing with a big blizzard and hotels for everybody. lauren: this is tough for parents because the kids were off last week, home today potentially later in the week. >> we really have to watch. and then another one behind us. lauren: we are done with you,

janice. trained to janice coming thank you very much. lauren: coming up, facebook has been overlooked in the tax bill. what it all means for that round of golf with a football game you're planning on taking a client to. president trump taking aim at pakistan in the u.s. navy holding more than $200 million in aid to the country. we'll take a closer look. you are watching "fbn:am." ♪ rical fire from faulty wiring, mary's vintage clothing and designer shoe collection were ruined. luckily, the geico insurance agency had recently helped mary with renters insurance, and she got a totally fab replacement wardrobe at bloomingdale's. mary was inspired to start her own fashion line, exclusively for little lambs.

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lauren: breaking news overnight. north korean leader kim jong un has a nuclear button on his desk. the sit down for talks haired protesters and security forces clash. at least 20 dead. president trump is not react

team. train for u.s. investors ringing in the new year with a basket of couriers to 2017. the dow up 25%. as of the 29th tina nasdaq up 20%. train to a great looking chart. to start the new year we could open up with more games to play and to a slightly higher open. the ftse in london down over half of 1% of the dax down almost 1%. the shanghai composite in china up one point to 4% from the stronger economy that japan closed for the holiday. there might be some surprises like that dean does entertainment expenses. "fbn:am" continues right now. cheryl: 5:31 a.m. in new york

trade tuesday, january 2nd. good morning. i'm cheryl casone. lauren: i'm lauren simonetti. once again, the first show. thank you for joining us. people children nationwide protests continuing from last week. iranian state tv says the death toll has risen to at least 28. kris jenkins at the very latest for us. >> lauren, cheryl. 20 dead of 450 people arrested after six days of unrest in a leaked memo obtaining by foxes at the degree of panic at the highest level of the iranian government to house supreme leader ayatollah khamenei is attending the threat posed by this uprising with religious leaders must come to the scene as soon as possible to prevent the situation from deteriorating further. god help us.

this is a very complex situation different from previous occasions in the 2003 revolution were demonstrators rose up after the presidential election there. iranian president claiming he will not tolerate the protesters. >> is definitely not tolerate those after they disrupting of the public quarter sparking riots in the society. >> president trump monitor the situation closely. every level despite the deal made by the obama administration with a call time for a change. he is also treating on other matters that other matters putting pakistan on notice calling it cutting funding. the united states has given foolishly. pakistan more than $33 billion in aid over the last 15 years and they've given us nothing but lies and deceit.

thinking of editors has full distinctive in to the terrorists. we hung afghanistan with little help. no more. national security official claimed fox news the u.s. plans to withhold two and 55 million of funding if they revealed the cooperation. boring, cheryl, off to a very busy new year here in 10. lauren: about all that covered for us. thank you. train to the president back at the white house and the administration set to kick off a series of talks with congressional leaders on issues like immigration, government spending another major topics. mick mulvaney and legislative affairs director mark short scheduled to meet with mitch mcconnell and chuck schumer. paul ryan house minority leader nancy pelosi tomorrow. decided to return to work tomorrow. the house will be back next monday. lauren: many people said the last days calling their accountant to figure out how the tax bill affects them

personally. some things in the bill not getting a lot of attention. mitch rochelle joins us now. happy new year. the year, new tax law. what you think is missing in the bill that a lot of businesses particularly would want? >> i'll give you some bad news if we take clients how to play golf or take them to a ballgame, all of those expenses are not deductible as driving january 1. some corporate perks that businesses use to move clients no longer deductible under the new tax law. lauren: double impact the wall street industry for instance. they be husbands and wives will be coming home earlier. less outings. >> there are industries impacted good private clubs get impacted and the sporting industry who spend a lot of money rebuilding the loveliness and trying to finance those arenas with luxury boxes are subscribed to by big

businesses. there could be a knock on impact on the sports industry. lauren: that's a very good point on will fall about when. talk to me about charitable deductions. they are still allowed that many charities fear they won't get as much money. >> similar to the housing market were going rate home mortgage section which wasn't changed all that much was going away, charitable contributions are not going away. the problem is for most filers of tax returns when you double the standard deduction, you take away the incentives to give because the incremental dollar may not be deductible because you're already getting the $24,000 deduction. it didn't get a lot of press going into when the president signed the tax bill. charitable world in both philanthropy is very worried about it and they issued some press releases towards the end of the year seen the impact he as much as $20 billion a year.

something to look out for. we all have our causes which we want to support that this is something that could be impacted. >> what so people get richer they have money in them feel more generous and give to charity. talk to me about repatriation. but the new tax bill, there is concern some companies, goldman sachs in particular last week saying we are going to take quarterly hits because of the new repatriation tax. >> it's a one time because the tax was passed before the end of the year. companies that had profits are sure that hadn't paid taxes on that are deemed to be repeat shared his sorry for the technical talk. there is a tax liability they occurred at the end of the year. a lot of the s&p 500 is going to be recording tax liabilities onto as much as $200 billion at the good news is those funds are coming back to the united

states. the other piece of good news as analysts expected this of these surprises in fourth-quarter earnings. fourth-quarter earnings may be down because of the one-time tax said that the surprises that is the market. >> we hope to repatriate cash that companies not only pay their shoulders. maybe hike wages and help workers out as well when we suddenly started back towards the towards the end of last year. >> we saw that trend starting in reinvesting that in the business as opposed to buying back up. lauren: you got it. happy new year. >> lauren, youtube. cheryl: a lot more coming up. delivering on a campaign promise. president trump says the u.s. gets nothing. billions of dollars we send to pakistan. with the new year, becoming a sanctuary state. you are watching the transcendent. the ♪

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cheryl: good morning. the new year will bring higher minimum wages in 18 states and almost two dozen counties are the changes affect teens

4.5 million workers and 35 cents to michigan to 1 dollar an hour and main good the federal minimum wage remains at $7.25 there since 2009. california officially a sanctuary state. the california value tax became yesterday with how much local immigration authorities. public libraries, even how facilities. jens can do very safe zones were of the goals cannot be arrested. well, beware of the bird. an unexpected source to turn around saturday morning. delta flight 1943 to atlanta returned to detroit shortly after takeoff because a small bird stuck into the pit. the captain decided to turn to play around to avoid potential distraction during the fight. the plane landed without incident and the bird was set

free. cheryl: better in the cockpit and not the engine. president trump kicking off 2018 by taking aim at pakistan. here's what he treated you do that if it's foolishly given pakistan $33 billion in aid the last 15 years in the given us nothing but lies and deceit. safe haven to the terrorists we hunt in afghanistan with little help. the national security council tells them they will be withholding 225 million in aid to pakistan. good morning. >> good morning. the numbers are staggering. wrap their heads around this.

[inaudible] >> of course it is. think about what we could have done. we could have used the money in pakistan. or use the money to help the iranian opposition that are basically launching the dj invasion of the word radicalism and iran right now. keep in mind, pakistan not only supports terrorists. they direct terrorists. when pakistan supported terrorists kill and maim american troops it is the responsibility and therefore the pakistani government. without the war in afghanistan we have to be aware that our progress is always going to be limited as those pakistan is allowed to do that.

obviously that is changing now. we are pulling not back. aid to pakistan the american taxpayer could maybe get behind that military aid? >> i think no way should go there at all because it stolen by corrupt leaders anyway. if we are going to give some money that has to be earned. some of the criticism of the move by the trump administration are among those who say unique money to go to the military for when they do cooperate with us sometimes are to give the intelligence services to iran. that's a separate issue. what we are doing, what we've been doing is to basically say here's the amount of money we are going to give you. we hope you are going to earn it later. we are going to say if you want money for mass coming you are going to a sickly work with us completely and maybe will give you some.

you cannot expect american taxpayer money coming to your wallet. >> be an ally or be an enemy pick one. is there any downside to the administration decision to do this? >> pakistan will want there to be a downside. they are going to increase support to jihadist in afghanistan and elsewhere as well as the group is supporting the united states in order to say look, you guys were mean to us. you didn't give us money and now look at the result is basically that is going to be there bargaining chip. a lot of the pakistani backed jihadist groups form the foundation for groups like al qaeda and the taliban's to operate. the group will operate these villages across the u.s. and canada, their leaders in pakistan. so much come back. they do have the tools to retaliate. we want victory. we can't just be playing around

in this gray area over and over again. we had to cut off pakistani supports. cheryl: they have to start changing their behavior. thank you for being with us. happy new year. >> happy new year. lauren: coming out, the rose bowl had everything while playing star performances and it's really pending in oklahoma. speaking of the rose bowl, parade parody fools a lot of amazon viewers. are they teenagers? we'll be right back.

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lauren: amazon prime like "saturday night live" molly shannon and tim matos play tv anchors for the one it under 20th night rose parade. watch this. >> look at those uniforms. that's a lot of plumage. princess leia right back there. she's from start track. lauren: some viewers, they sounded good. they took this seriously. the unusually dialogue. what anchor names. they're meant to parody during the parade every year. >> as ron burgundy. negative reviews for dan before

viewers figured that out it was a joke. your version is very disappointing. they called the coverage terrible, awful and boring. and then people sort of figured it out. one viewer wrote site map, people. all the commentary is called. viewers realize it satire before watching. it's a joke. either way. i'll swear a rose bowl game for the ages. college football's national championship game now offset. shared macs here with the real highlight. >> what a game. the gym dandy of gym dandy at the mall, the granddaddy of them all the rose bowl. georgia battled back from 17 down against second-ranked oklahoma.

scored 24 straight points. 38-31. double overtime. oklahoma will miss a field goal. watch the direct snap. michelle maybelle bringing it all the way for the end zone. 54-48. 181 yards. georgia national title game college football became its current playoff format. they played next monday coming down last night in new orleans third straight year alabama clemson in the playoffs. up for the third and iran paying up at the intersection for the crimson tide are the big return plus a penalty at the end. a short touchdown alabama go up 17-6. i would and has won four of the last six championships. for all the marbles next monday night the stadium in atlanta. alabama georgia from a citrus

bowl great ending between notre dame and lsu. late in the fourth, what a catch. notre dame goes on further that during 121-17. south carolina against michigan in the outback bowl. they rallied 16 points down in south carolina when the outback bowl. what a day in college football. beating auburn in the peach bowl. boy lake recent espn analyst john brooded in mind of a the readers one issue he supposed to broadcast between the chiefs and titans. the bears have expected the fire had coach on monday. the detroit lions fired jim caldwell as their head coach on monday by bruce areas announced his retirement from coaching on monday. cincinnati bengals quarterback andy dahl and has a special charity he and his wife have.

what an unbelievable story here. the buffalo bills. to be baltimore and some of those into the playoffs. andy dalton has received from this foundation over $57,000 for buffalo bills fans who are thinking had for beating the ravens. nice to see this unbelievable charitable work. savoie and, thanks. check the headlines sirius xm chenault 115. traders do the stock market in 2017? a stock market rally added nearly $10 trillion. a live report from london coming out. the smart -- the

>> /

train to what was said then i year for stock markets with $10 trillion in value. anita troutman from "the wall street journal" joins us now. >> good morning. cheryl: what is the outlook for 2018? incredible we had that first year -- last year gains. what about this here?

as bullish as it was? >> that's of course one of the big questions whether we will see stock markets continue to rise given they've risen quite a lot last year. some of the things to look out for next year for this here now will be certainly u.s. wage growth and whether that keeps picking up and also to see whether the u.s. dollar keeps declining, which could propel stock markets even further and also to see whether volatility could in some shape or form return. faster you might remember the very quiet year in terms of volatility. the index had been as low as for a decade come so that could be something to look out for and of course also china, the chinese economy is recovering, continuing to grow and see whether tech companies including facebook and others whether they keep adding further market value are not could be that regulators

look at the increasing power in the market and regulate them. lauren: maenad, thank you so much for that outlook. january 2nd. thank you so much. cheryl: thank you for gymnasts on that verse trading day of 28 team. let's send it over to maria bartiromo. maria: ladies, good to see you. back in action here. see you in a few moments. i am maria bartiromo. thanks so much for being here. tuesday, january 2nd. 6:00 a.m. on the east coast. jampacked agenda. president trump back at the white house and the administration tackles numerous issues including infrastructure and immigration reform during his second year in office he can render cheerful layout plan at camp david this weekend. the upcoming weekend we've got a preview. the new year started with a test for president trump at least