tv FBN AM FOX Business January 4, 2018 5:00am-6:00am EST
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massachusetts and michigan. >> he's really from utah. come on. he went to byu. he owns a home there. he not only owns one home, he owns two homes in >> my flight was canceled. it's rescheduled for tomorrow afternoon. >> i've never seen snow. it's the first time. >> very dangerous no. very cold temperatures and wind gusts. cheryl: breaking news this morning. a rare snow system hitting the northeast. the palms nightclub causing travel delays. a late property in the economy. lauren: a political storm brewing as well. ex-wife as chief strategist is banning should cease and desist after he spoke with a reporter. did he break his nondisclosure? cheryl: the dow rising 100 points right now.
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another high rope in print because 85 points away. we may have it today. lauren: stocks open higher as well. still trading to the upside. look at the dax and germany gaining 1%. trying to japanese tax reopening. the nikkei scored more than 3% and china's shanghai composite capacity%. lauren: spot on for an ipo. spotted via kos public, but some investors out of the profits. thiel starts right now. "fbn:am" starts right now. cheryl: 5:01 a.m. here in new york late thursday, january 4th. good morning, everybody. cheryl casone. lauren: i'm lauren simonetti. welcome to a snow day. trenches was here in new york
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city closing, businesses cannot run impacting for what could be in historic storm. lauren: let's talk about it. nasty winter weather wreaking havoc in the northeast. we are use to it, but this out barely met the east coast seen snow, ice and wind set of hurricane forces. tracee carrasco joins us at the details of what we can expect that the day. good morning. >> four days into 2018 and we are being hit with the first major snowstorm this winter. here is times square right now. you can see flurries are starting but we are expecting anywhere between five to eight inches of snow over the next 12 hours so bundle up new yorkers. meanwhile, 13 states from south carolina are under winter storm warning as to whether prepares to wreak havoc on the northeast. looking at pictures in south carolina where snow is extremely rare. georgia is currently under a state of emergency and residents of tallahassee, florida saw snow
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for the first time in 28 years. >> never seen snow promise a big difference. super cold. >> you know it's the sunshine state. >> i never experienced anything like this. this is crazy. i've got to check ice off my car. i don't know how to drive on the road like this. >> a powerful storm forecasters are calling a bomb cyclone is heading straight for the northeast it's up to 12 inches of snow and record low temperatures. high winds in blizzard like conditions are also expected. by the end of this week, priced at the northeast will be colder than mars. conditions are forecasting also travel nightmare. more than 3005 scheduled for today and tomorrow have been canceled nationwide planes in anticipation of the storm. the number is it to rise sorts
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in atlanta and jacksonville were those most at along with wife to boston in the new york area's three main airport. united, delta and american issued waivers allowing passengers to schedule to travel in the region on thursday or friday to change their plans and as we said earlier, many kids have a snow day today here in new york city the decision to close the schools was made last night before 7:00a delayed openings and closures are called for hundreds of schools across new jersey and connecticut. officials are advising people to stay inside, with the road for the next 24 hours. we will keep you updated as it goes on. trained at the same coming up in a few minutes for the technicalities of the storm. everyone yesterday in new york was talking about the bomb cyclone from the speed at which the storm intensified. as a lot of folks nervous. >> with a name like that,
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absolutely. janus will be here in a few moments. thank you very much. lauren: in the meantime, netflix and hot chocolate. cheryl: and soon florida appeared a top story we're following for you right now. an attorney for president trump sending a cease-and-desist letter to top strategist steve bannon threateningly collection after bending criticize the president and his family in a new boat. lauren: disclosing confidential information, and meanwhile been called trump a great man. adam shapiro picks up the story with more on this escalating war of words between the two men. >> morning. the frigid day in washington starts at the hot air exchange yesterday between steve bannon and president trump and a lot of people shaking their heads asking what is going on. first there were quotes from steve bannon which he is confirmed to fox which are contained in this exclusive vote
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due out next week. between jared kushner, the president some along the president's son, donald trump junior in which they met with the russian lawyer who has ties to the russian government calling this treasonous he said, quote, even if you thought this is not treasonous or unpatriotic or bad four letter word and i happen to think it's all come you should've called the affair immediately. president trump respond immediately with this statement that said when he was fired he not only lost his job, he lost his mind. steve doesn't represent my based company is in it for himself. but the white house press reefing commissary sanders was was asked, did john junior commit treason and here's what he said. >> that is a ridiculous accusation and one was addressed many times before. reference to comments by mr. ben and i refer you by mr. bannon
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are free to by mr. ben and i refer you to the ones he made previously on 60 minutes where he called the collision with russia about this president a total farce. i was the packet that if anyone spend consisting of 10. hasn't been the president or the administration. >> fire in theory until next week it's already shot to number one on amazon and pre-orders. back to you. cheryl: new developments development time that may be coming today, but also congressional leaders. meeting with white house officials to discuss the budget deal after january 19th. leaders of those sites a those sites or they all sounded upbeat after the session republicans will lead to an agreement soon. democratic leaders say the meeting was positive and forgot it. democrats stepping up their push for an agreement to help young undocumented immigrants saying he was supporting the budget deal with dreamers. he does play into the gop leadership at the white house to
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discuss the specific issue because the issue of daca is the one thing the democrats will dig in their heels so that could be a budget issue at the end of the day. lauren: the president wants a bill to include funding for a border wall. spotted via has filed to go public. "the wall street journal" reporting spot if i is speaking approval for a direct listing which cuts out the wall street underwriters, unusual move largely untested basically means that to last valued at nearly $20 billion could the swedish company looking at his spring debut possibly march or april and the new york stock exchange. remember just yesterday a group representing tom petty, janis joplin sued for over $155 billion for copywriting. train to investors will have to look at the data as they walk in and say is this the right ipo
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after what we saw was snapped last year. people across a large swath of the united states are hunkered down, waiting out a monster snowstorm. live pictures to show you right now as you can see looking at pictures from providence, rhode island. there you go, lauren. the bomb cyclone is starting to take effect. the wind, ice and snow. >> be careful with eyes when it's that cold. the snow hasn't started to calm down. senior meteorologist janice dean is braving the elements for us. how cold is it outside? >> it cold and it's going to get colder. he was not the great site of the storm system. a quick mover, but once it leaves we are dealing with subzero temperatures for a lot of folks, millions of folks who could have record-breaking cold. if the power goes out, which is quite possible with hurricane force winds come you got to know where you will keep warm.
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bomb cyclone is what they are: this is not an exact meteorological term, but it means on genesis, dropping 24 millibars in 24 hours of the central pressure and in this case that is going to be doubled to 40 millibars in 24 hours. it's an impressive dynamic very strong storm with hurricane force winds across the coast and blizzard warnings up for almost a dozen states now. blizzard criteria means conditions deteriorate throughout the day blowing snow and visibility reduced a quarter of a mile or less than 35-mile prairie wins for the situation of three hours upwards of 35 miles per hour for a dozen states today. north carolina to maine blizzard warnings in effect. starting now, conditions will deteriorate throughout the day today. that's why officials are saying if you don't have to be on the roads from adobe on the roads.
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schools are closed on the nonofficial workers to stay home so the official workers can get out there and do their job and make sure the streets are cleared and if they need to rescue anyone they can get out there. snow totals quite a bit from what they were yesterday. thinking yesterday. thinking the storm could wobble to the west and that is what is happening. in some cases, 12 to 18 inches depending where you live. five to eight is a good rule of thumb. some areas could exceed that. train to where is this? >> i mean, if they blizzard. it does happening. in this case, it will intensify very quickly. it's actually going over the warm waters of the coldstream in the atlantic and it bombs out. so what strengthens exponentially in a very short period of time. that is bottoming out in that is what is happening. is it rare? it's getting a fancy title on
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twitter. this one is exceptional because it is dropping so many millibars in such a short period of time. double that to the 40th millibars in 24 hours is incredible. something that you rarely see. lauren: at 52017 is a wild year for weather. thank you. stay warm. trilogy she is the bomb, isn't she? a lot more coming up. keeping you up-to-date throughout the hour on the the progress of a storm starting to begin to hit the northeast this morning. plus the state of washington sharing cast information with immigration officers. duplicate charges are having capital one customers seeing double. stay with us. you are watching bna m. -- "fbn:am"
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cheryl: welcome back. let's get caught up on what's happening now. in a sign of how much i ranked leaders are worried about the protests in the country, they had the revolutionary guard in the provinces to put down the unrest. mohammed ali jabari has been defeated although they offer no evidence that they been numerous arrests.
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the intake of protests that left 21 people dead in the country. the state of washington is doing the chain accused of giving information to immigration officials for at least two years. washington's attorney general charges at least six providing a daily list, names commend jarvis at his numbers, dates of birth send their members. the hotel operators have stopped the practice. capital one customers may be seeing double. customers getting double charges on their accompanying symbol into their bag and they been the owner is unable to use their debit card. the bank says all hands on deck to fix a technology issue of that does not say how long that is going to take. a lot is riding on tesla's model. the social has fallen short. the company sold 1550 of them in the final three months of the year badly missing wall street already lowered expectations.
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making 5000 model three x a week by another three quarter now expected by the end of the year's first half. that is what is happening, lauren. lauren: we just can't get the production wafer tesla. we continue to follow the progress of the winters are gaining momentum as it comes that the east coast. live in new york where not only is the snow already falling, it is starting to stick. how's it looking? >> first up cheryl good morning to you, second kevin simonetti, and much more comfortable when you're comfortable when una sitting next to each other in the chairs in the corporate climate controlled room getting them make up don. this is a much more comfortable situation i'm not going to lie. we grew up in the northeast. this is a wind event. you can see behind me the sunrise highway isn't that bad
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right now although it is sticking to the ground. this is a blizzard here in suffolk county and the isolated area and that means the wind is the focus. what is needed so unique is the cold and the wind. it started in florida. so many people this time of the year go down to florida, to the south to get out of this snow. not so much there. a lot of snow in florida. then we move up the coast to georgia. what is unique if they get snow from time to time but anytime they do get snow talk to your friends in and around that area. it really does cripple that date because they are just not used to it. in the northeast in the north -- the new york area, they have been underway trying to get the cities towns and general area ready for what is to come. here in suffolk county expecting about a foot and all the way up
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to boston. boston is no stranger to spell but we need to reiterate what makes this so unique is the bone chilling cold in the wind. you've heard the phrase hurricane force winds utilized in news reports and weather reports over the course of the last couple days. we are feeling that right now. if it's going to get worse it really is going to be in the wind area. about 30 miles an hour we are expecting that to go back up to 50 to 60 in the area and that will be a significant issue around this area. guys, back to you. trade the rapidly accelerating wins. thank you. lauren: body warmers, the things that stick to your skin. buy lots of those. are we going to hit 25 today? your markets.
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high is the market going to go? >> it is policy, politics and profit. policy is about low interest rates, cheap money paid cheap money pit that will stay around for a while because it's not a lot of inflation had politics is reducing regulatory burdens for profit margins in the path of story. the culmination is pretty good at begin in 2018. markets can continue to benefit in until something changes it may be markets continue to go higher here. you think were going above 20 5-k? >> somewhere in the near future they have a lot of lamenting the goodness and profits. lauren: your prediction of this guide the second lowest level in history. where is the volatility? >> i absolutely agree the low rating on the volatility index has been paying attention to in the market right now.
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it's shrugged off a lot of geopolitical events instead to the earnings story. as they move through 2018, thing to watch for is volatility in the market and the little bit of nervousness starting to shake out. that point the market could less speculative and concentrates on quality. >> at the end of last year a lot of technology stocks were losing their amazing momentum they had early in the year. we are seeing a push again into technology at the start of the new year especially with the semi-conduct to. chips and entendres vehicles. where do you make of the tech sector? >> we like a lot of the technologies being used in different ways. they will see the use of europe and asia. technology usage has been a story to increase what they have a greater degree of technology. the hallmark here over the next
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five or 10 years is the ultimate use of technology in something very important for china in asia and manufacturing. cheryl: i do want to think about it, then yes. they are coming. joe, bitcoin. an interesting controversial topic. "wall street journal" reported in merrill lynch's penetrating of certain features. what do you make of that? >> i read the article. i think they are beginning the futures that trade on the cme and their financial advisers are recommending the trust. an obligation to recommend suitable investors to client then obviously alive diverse group of clients. but if they felt they needed to step in from top down until their financial advisers they couldn't recommending
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investments, that is their business decision. >> that's pretty scary. issues of eligibility and suitability according to this article about the futures. as a wrap this up, obviously it's cold outside. on the east coast, we here in new england there could be some fuel shortages. please see the price of oil for the past month or so. where's it headed in the new year? >> the economy picks up we're likely to see the demand story pick up a little bit. starting to seem more interested in supply as well. markets are likely to stay in balance with oil higher. lauren: chris, joseph, thank you and good luck in your travels. >> thank you. stay safe. >> thank you. tragedy continue to monitor what's happening with severe northwest. we are going to have the latest on where the snow is right now in my reports for you.
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>> my flight was canceled yet it's rescheduled for tomorrow afternoon. >> unseen snow for the first time. >> very heavy snow. very cold temperatures and wind gusts. cheryl: breaking news this morning. a rare snowstorm hitting the northeast. if i'm cyclone with impact to property in the economy. lauren: president trump lawyers wanting strategist steve dan and cease and desist after he whipped a reporter. what did he say that cause
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controversy. dredge the dow rising nearly 100 points right now. we may see god 25,000 up in the premarket by 73. trip through europe stocks rallying as well, looking at a 1% gain in germany in paris. cheryl: in asia, japanese stocks after a holiday with a big game could indicate three and a quarter% in the chain china shanghai composite. mcdonald's springing back in dollar menu. it all starts today. "fbn:am" starts right now. cheryl: 5:32 a.m. here in new york trade thursday, january 4th cheryl casone. lauren: good morning. i'm lauren simonetti. cheryl: happy dollar menu day is backstage. lauren: i was sad when that kind
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of went away. cheryl: anything for a buck. lauren: we look at that in the second. massive winter storm breaking havoc on the south. not that cold weather, harsh winds barreling up the east coast. we are seeing the snow, ice and snow to stick in some places and hurricane force winds. cheryl: tracee carrasco joins us is that we can expect throughout the day today. four days into 2018 and we are being held at their first major snowstorm this winter. a live look at times square. you can see the snow just starting to fly out there. expecting anywhere between five to eight inches of snow so bundle up. 13 states from south carolina to south carolina to the narendra winter storm warning as the weather prepares to make havoc of minorities. pictures from south carolina where snow is extremely rare. check out this picture. country singer darius rucker showing his backyard in south
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carolina completely covered in snow. georgia currently under a state state of emergency in residence at tallahassee, florida saw snow for the first time in 28 years. the powerful storm which forecasters are calling a bob cyclone is heading straight for the northeast with up to 12 inches of snow in record temperatures expected in boston. high winds in blizzard like conditions are expected in by the end of this week parts of the northeast will be colder. these conditions are forecasting a travel nightmare as of now more than 3000 flight scheduled for today and tomorrow have been canceled nationwide as airlines grounded reroute planes in anticipation of the storm. the number is due to rise. many kids have a snow day. the decision to close last night before 7:00 delayed openings and closures have been called for hundreds of schools across new jersey and connecticut. officials are advising people to
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stay in diet and avoid the rows for the next 24 hours. we will keep you updated as the morning goes on. cheryl: colder than mars, so what she just said? >> that's what i said. cheryl: and still am at tallahassee snow because i was looking at images have it. barely any snow. tenth of an inch of accumulation that they haven't seen it since 1989. >> you see the welcome to florida sign. people go to florida to get away from the snow. people across the large swath of the united states hunkered down waiting out a month or snowstorm. we bring in senior meteorologist janice dean for the forecast. >> it's cold and i will get colder even though the storm is gone by this time tomorrow, the cold air will settle in and we'll be dealing with record setting cold temperatures, especially as we head into the
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weekend. you've got to know what you're going to do if you lose the power and need to keep warm. the storm is winding up now going through the process people are talking about the meaning that developers are dropping 24 millibars in a span of 24 hours then this might double that. a very powerful system and a lot of it is coming on shore. this time yesterday a couple inches now dealing with a foot in some locations. blizzard conditions, low visibility of portions towards new york city now and that means blizzard conditions a quarter of a mile or less a 35-mile per hour winds for a duration of at least three hours and we will see potential for hurricane force winds throughout the day along the coast. the storm is out of the way by this evening but the cold temperatures was saddened by the weekend, for example in new york city. the low temperature will be minus one, negative one for the low one saturday morning.
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folks need to know what to do if the power goes out and most certainly will have the potential along the coast. back to you. cheryl: you hope people stay stay inside in heat up a warning so nobody loses their life in the storm. >> when you do have people out there. people on the road race will hamper those people. >> good luck to you, janice. i know where you live. >> by husband has somehow. my two boys. good luck. >> other big breaking story last night as the attorney for president trump sending a morni.
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>> good morning, cheryl amore and to cease and desist letter demanding they stop making disparaging remarks. this all began after the bombshell by michael wolff from the former chief strategist suggesting that the president's son and son-in-law committed treason and were unpatriotic in reference to the trump tower meeting with a group of russians in 2016. bennett also quoted as saying they are going to crack down junior like an egg. the white house responded with a blistering statement. when he was fired he not only lost his job, he lost his mind. there is little to do with our historic but true which was delivered by the forgotten men and women of this country. he doesn't represent my base. he's only in it for himself, but
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then i continued weighed in on the satellite radio program last night where he said the president of the united states is a great man, saying he supports and day in and day out, go into the country given that miracle trump speech on the something you don't have to worry about his support. you know, perhaps the harshest quote in this book appeared to be directed at donald trump junior responded to steve on twitter saves either the honor of working in the white house to serve in the country unfortunately squandered the privilege and turns the opportunity into a nightmare of backstabbing the rest of my been undermining the president. steve is not a strategist. he's an opportunist. this book by author michael wolff is set for official release next tuesday. we will see if the war of words continues to get more and more bitter. we are also told that dürer, it's not trying to the daughter,
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ivanka. cheryl: more on that in a minute. chris, thank you. lauren: today's the day mcdonald's is rolling out the new dollar menu. i never sync with the sausage perrigo, mcchicken, cheeseburger in an essay soft drink from a $2.3 options expected great competitors are responding. wendy's at the four for $4 value menu and would expand its dollar menu. >> anything with the dollar on it. coming up, a closer look at what chris jenkins just reported the war of words between president trump it is for. the cease-and-desist order overnight. new york governor andrew cuomo to sue the federal government over the new tax bill. he's calling it unconstitutional. you are watching "fbn:am."
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tax law. presidential candidate in 2020 calls the new tax bill legal saying it unconstitutionally earns new yorkers and other blue states. president trump's former campaign chairman paul manafort filing a lawsuit against special counsel robert mueller. in indicting manafort on money laundering and tax related charges. they investigate any links between the russian government and the tram campaign. meanwhile, trump has his office on voting fraud they refuse to cooperate. by about 3 million but claim that hillary receives millions of fraudulent vote. that commission off the smoke ws
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tobacco products instead in smoke-free future. interesting. cheryl: something big happening in washington this morning. president a flaming former white house chief strategist steve dan and could the president sent him a letter demanding cease-and-desist citing further disclosure of confidential information. they have violated the agreements were speaking with michael wolff for michael wolff's new book. the commentary writer for the "washtington examiner." good morning. >> good morning. thanks for having me. cheryl: that is really the first question. did he find out violate that by talking to wolf? >> it's not clear you haven't seen that contracted president
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trump wants to surround himself with people loyal under confidentiality agreements are than usual. what is so interesting about this battle between president trump and steve dan and as it into the base in my defense current position. a lot of supporters are dismissive as fake news which is interesting because it means they are now more pro-trump then steve bannon. cheryl: he may have legal problems but also credibility problem here as well. according to the excerpts we've seen, he told wolf easily do this treason as a top officials in the tram campaign would meet with foreign government operative, the russian situation. what he said on 60 minutes. what he said back in the convert, different story. >> there is nothing to the russia investigation. it is a waste of time. >> what do you believe? we know at the national security
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institution believe. >> we know what they believe. look, i was there. it's a total and complete farce. cheryl: a farce, phil. that is what he said in september. >> from now on we have to take everything steve bannon says that a pretty significant grain of salt. they stopped that those two statements side-by-side with curry says one in the white house and another thing outside of it. i would expect people to be much, much more closely looking at other statements for accuracy based off what he said in the past. it looks like it's based out of political opportunism. train today is opposite the opportunity to sell a lot of books. michael wall from publications like "the guardian" in the "washington post," even new york magazine who's never done that for the president trump let's be honest. saint michael wolff is known to
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be somewhat tabloid when it comes to his reporting. >> actually seeing spillover into the media landscape and people are lining up with the grudge match between trump and be an end, seen this effect the 2018 field changing the way the press covers those races because he's got conservative guys like kevin nicholson and wisconsin who are going to be asked to sit explain their support for president trump in mind that they are support for dan in a iec president trump is much more closer to mitch mcconnell who ironically has been boiler than his chief strategist. cheryl: supposedly in this book does nasty things said about ivanka commensurate kushner, doubletree and junior who's already responding. spilled milk, bitter ending could interfere with, that romance is over. a lot of coverage as this unfolds in the week let's say. thank you for the commentary.
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we appreciate it. breakups are tough, lauren. lauren: they might be selling a lot of books right now. coming up with a lot of excitement over the championship on monday. a special guests will be attending. find out to in just a bit to excitement as the cleveland cavaliers faced software tightly curving in the boston celtics video studio. you are watching "fbn:am." ♪
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that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. cheryl: white house sources claiming that president trump to
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attend the college football championship on monday between georgia and alabama. local law enforcement obviously working with secret service are prepared. first lady melania expected to attend vice president penn's chief of staff. the southeastern conference showdown kicks off 8:00. train to the national championship game monday. one school already claiming the title. >> it is not a lie if you believe it. the university of central florida knights believe they are the national champions of college football. on new year's day against auburn completed a perfect routine trade 90 season. central florida did not have a chance to play for the actual national title because it's part of a smaller athletic conference for the school says we are the
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champions. even change their twitter handle the 2017 national champions. the school is going to raise the banner inside their homes spectrum stadium sunday 4:30 they will be honored the champion will does the world and also said they will pay bonuses to their coaching staff that they indeed won the national championship. it's not a lie if you believe it. last season between the celtics and cavalier. they did not play last night after they made his season debut. still lots of cheers for the fans. tightly curving connecting nancy improves 31 in 10 foreign have kids better than the defending eastern conference chance. wanted to train and 88 only scored 11 points in boston wanted by 20 points off the
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bench. isaiah says happy new year to his old friends in boston. buffalo bills fans continue to express their gratitude to the bills quarterback, bengals quarterback sunday and eliminated baltimore for the playoffs and send the bills into the postseason for the first time since 1999. generosity for the foundation seems to have no bounds. >> so here's the update for today. we are now over 10,000 owners come in just shy of $250,000. we cannot thank everybody enough. this has been just so amazing to see. >> not to do in a $46,000 over that. you get the impression sunday when the bills are paid the check wires come a lot of folks the benefit and the foundation will the buffaloes still spent on sunday. great story. cheryl: it is a great story. >> catch the reports 24/7 sirius
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coming down which brings us to oil prices much higher today because there is worry is that there would be a fuel shortage. cheryl: 52 bucks a barrel right now. watching oil. "the wall street journal" with more on that. what is driving the buying? the east coast arm? >> a variety of fact there is. we have shrinking inventories in the u.s. embassy new data released later today. we have the weather you mentioned pointed out and also political tensions in iran that could be a shortage in july which is one of the biggest in the region and of course we also have opec coming down to try to do that which has resulted in a strong oil price today. lauren: may not come in thank you very good to see you this morning. cheryl: the silicon oil prices
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once again with a new term -- lauren: you like that word today. you hope there isn't loss of life. that's the biggest concern for today. >> heed the warnings. keep the kids are good although my daughter's nursery school is opening today. thank you for joining us. maria: maria bartiromo separate now. maria: good morning. is there anything better than a anything better then the kid have an idea for a snow day. thanks for joining us. happy thursday. thursday, january 4th. 6:00 a.m. on the east coast. frigid weather bonds claims the east coast. thousands of flights already canceled the schools from florida home. >> i urge people in those areas to keep an eye in the forecast to your tvs and radios and make sure you know what's going
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