lou: that's it for us tonight. tomorrow night, steve forbes, pastor robert jeffress. >> workers and their families will receive larger paychecks starting in february, we ar estimating that 90% of workers are going to see increase in take-home pay. cheryl: breaking news this morning, tax reform gets real as paychecks grow and wal-mart join it is tax cut bonus club. lauren: deal or no deal? bipartisan group of senators hammer out daca deal but the white house says, not so fast, all of it sidetracked by vulgar comment from the president. >> stocks getting new record highs yesterday, today we will get earnings from jpmorgan and wells fargo. futures pointing to nicely higher open, dow up in the premarket.

lauren: in europe political deal to help boom stocks in germany, as other major averages. cheryl: in asia mixed bag. stocks lower in japan, higher in south korea and shanghai. lauren: we heard about alexa in mirror or car but would you buy an alexa powered toilet bowl, fbn:am starts right now. cheryl: it is 5:01 a.m. in new york. good morning, i'm cheryl casone. lauren: good morning, tgif, i'm lauren simonetti. alexa stay out of the bathroom, out of the mirror and toilet. cheryl: they want alexa everywhere. we have a lot of breaking news to get to this morning. american workers expected to see the effects of tax cuts in their take-home pay as early as

february 1st, treasury secretary steven mnuchin says new withholding tables published yesterday by irs shall allow employers time to adjust workers' paychecks, purpose of tax reform was to put more money in companies so that they could better compete with international rivals. >> the whole purpose of the tax cut act was to put more money in companies so that they could compete competitive companies, i think you know, we had one of the highest tax rates in the world. we have changed that. this is a revolutionary process. we thought it would be great with the economy and we are thrilled with the number of companies that we see reacting accordingly. lauren: one of those companies is wal-mart, jeff flock has the details for us. >> lauren, cheryl, good morning. the great thing about all of this is that these benefits that are going to workers are going there right now. they don't have to wait until the end of the year until they

file tax return get tax cut, this is a benefit that comes right away. in addition to upping their minimum wage from $9 and opportunity to 10, now goes to 11, in addition to that bonuses for everyone. up a thousand dollars if you've had 20 plus years of service at want, you've had less than two years of service, you still get 200, in addition, maternity benefits have increased at wal-mart from 8 weeks paid maternally leave to ten weeks, paternity leave also increasing from two weeks now to six weeks. all of this coming at some cost to the company $300 million according to wal-mart to pay the benefits and the wage increases, another 400 million for bonuses. of course, this comes as a result of the tax package that got passed. wal-mart among other companies now decide to go pass some of that along to workers. maybe also ulterior motive, to make sure that they can attract good workers, unemployment rate

in the u.s. down to almost 4% even, harder and harder to get folks to come to work, maybe, you just have to raise wages, lauren, cheryl. lauren: a lot of companies have doing just that. wal-mart is announcing that it's shutting down sam's club warehouses, about 63 of them across the country, 10% of 660 locations eliminating 10,000 jobs, the company attributes decision to the need to fulfill better online orders. cheryl: welshing critics are slamming president trump for dismissing haiti and some african countries with vulgar language, during white house meeting on immigration with lawmakers, the president said, quote, why are we having all of these people from countries coming here and the president said that the u.s. should allow more immigrants from norway. a person with knowledge telling fox news that the president

meant that personal spro visions should be made. lauren: what do you make of the banner, colorful language. >> hamburger stand or what? that could have been done four months ago. the very idea that this week they are saying, why don't we get four white guys and general kelly to do this? lauren: comparing the group of men here, five guys, senator curbin as well as white house chief of staff john kelly. she's complaining that the immigration talks do not include any minority members of congress who might have different views. >> and you know those coming from the president that came in the bipartisan meeting, the question needs to be asked who leaked the information about the

president's comments. lauren: good question. cheryl: white house needs to get on that as well. president trump suggesting that he may be open to tucks to north korea, he has a positive relationship with the kim jong un after trading insults over north korea missile program. a text from an fbi agent said the president was a loathsome human being. peter strzok was taken off russia investigation back in july. lauren: from north korea and russia to iran, the journal reporting that president trump will continue sanctions relief for iran and maintain the 2015 nuclear agreement. trump reaching that decision after meeting with his national security team, the white house expected to make the announcement today, treasury secretary steven mnuchin also weighing in on the nuclear deal

and the possibility for further sanctions. >> many aspects to have iran deal need to be changed, that there are many activities outside of the iran deal whether it'd be ballistic missiles and other issues, that we will continue to sanction. lauren: in terms of nuclear deal extension relief to be reviewed periodically. cheryl: facebook is going to be making some pretty big changes to your news feed. lauren: here we go on that, tracee carrasco joins us, good morning, tracee. tracee: facebook will attar formula that what rises to the top, you will see soon more status updates from friend and family that sparks meaningful exchange. what facebook wants you to stop you from doing spending time with updates but not interacting

with others. ceo mark zuckerberg wrote in facebook post yesterday, i'm changing my team to have meaningful interactions. lauren: amazon second headquarters, what do we know? tracee: real estate deal in boston is sparking some speculation about amazon's second headquarters location. amazon is negotiating a potential lease for an entire 500,000 square foot building and option for a second building of the same size in the plan of sea port square development. amazon is expected to make announcement on hq2 location later this year, there was also buzz about atlanta being one of the top contenders. cheryl: and chicago has been really fight to go get amazon as well. well, several cities have been fighting but you're right. just when we thought we had seen it all from alexa and i'm

assuming coming out of crrkts es. alexa-powered toilet? tracee: the list is getting longer and weird, how about as you said alexa-powered toilet? kitchen and bath product makers says yes with the new toilet, you can simply ask it to flush and it does, the toilet also lets you choose the color of lighting and music from speakers, at night lid automatically approaches and seat warmer activates and closes the lid as you leave. being introduced at ces. cheryl: i have enough problems with my toilet break, i don't want to think about how this one -- >> $5,600. lauren: not that hard to flush.

i like the seat warming. [laughter] lauren: from toilets and toilet -- [laughter] lauren: coming up, speaking of toilet, are we getting close to deal on immigration reform? >> any solution has to include the wall because without the wall it all doesn't work? lauren: a bipartisan did not deliver on border wall funding among other things, so it's been rejected, our political panel weighing in and what happens when a big rig falls off texas overpass and onto a moving car, look at that. we will be right back. my life motto is "keep moving".

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♪yeah, i would fight for you♪ ♪i'd lie for you ♪walk the wire for you ♪yeah, i'd die for you ♪you know it's true ♪everything i do ♪i do it for you cheryl: welcome back, let's get you caught up on what's happening now. rescues crews in southern still through the mud hunting for victims in deadly mud slides, at least 43 people are still missing. officials have expanded the affected area to 30 square miles. 17 people are confirmed dead, hundreds of homes have been damaged. the town of montecito under

mandatory evacuation. production of most profitable trucks in michigan from méxico creating 2500 jobs, company also says it's giving $2,000 to some 60,000 employees in the wake of the u.s. corporate tax overhaul. and finally this, a woman lucky to be alive this morning after an 18-wheeler fell on her car. look at the video here. rig fell off the freeway overpass in sugarland, texas that's near houston. the trucker was trying to avoid an accident when he flipped over. driver of the truck and the woman in the car taken to area hospital, non-lite threatening injuries, luckily, lauren, both are okay. lauren: they so fortunate. look at that picture. all right, deal or no deal? the white house rejecting the 16 senate bipartisan bill on

immigration just as talks get sidetracked by the president's vulgar comment which you heard right now about haiti and africa. is there a deal in sight? we bring former dnc deputy secretary josé and republican strategists john jordan, gentlemen, happy friday to you, it's quite an exciting friday here. >> good morning. >> good morning. lauren:ly start with you, john, is there a deal in sight and are we going get one by the 19th before the government is due to shut down? >> well, certainly there's a deal to be had here, right, both sides want to get done, the president wants to get this deal done, the democrats have to, it's political imperative for them. it's likely going to happen, is it going to happen before the 19th? probably not, we will deal with shut down and there's a deal to be had. lauren: josé, these are the senators working on the bill, graham, flake, gardner, durbun,

menendez, ending the diversity lottery system, something that the president wanted, getting dreamers 3 to 10 years path to citizenship, right and grants green cards to people in the country under temporary protective status program and that, josé, is what set off the president reportedly and we got the vulgar comment. why is he so angry about that? >> look, i mean, i'm not surprised that the president says these types of comments when it comes to immigrants, he did this when he announced when he was running for president ch it's very sad, i'm not surprised. now what i am surprised is that the senate came up forward with this bipartisan deal and now the president is pushing back. i mean, he's got what he wanted, we are ending lottery visa and extending border security and extending daca, here is the bill

of love, mr. president, let's get it signed and lets move it forward. lauren: john, just paw few days ago we had the bipartisan meeting with all lawmakers in a room talking about the president said, whatever these guys agree to, that's what we are going to get but what's wrong with that plan? >> well, that's just it, right, this is just six senators, this isn't -- this is not a bill, it's not republicans and democrats with leadership on board. it's not even for sure pass, this is six guy that is got together and hammered something out and does not deal with border security. only $2.8 billion for that give me a break. it moves a lot of people from the lottery system into tpp, it is a shell game, it's not where the bill needs to be and not where it's going to be at the end to have day, we will deal with daca but we will have to deal with the border -- really secure the border not just this stuff, this is six senators, this isn't a bill, this isn't pass, this isn't a republican

president vetoing it, it's just six guys. lauren: to your point, originally the border wall, securing the southern border was supposed to cost $20 billion, so when you get not even 3 billion obviously the president would be disappointed, josé, and do you think his base, his supporters are equally disappointed? >> i'm sure part of his base wants the full funding of the wall right away, look, that's not going to happen, remember, there's fencing in the border. i don't even think we need funding for a wall. they are get getting a couple billion dollars already, it's not the 18 billion that he wanted but, look, that's how you negotiate, that's what makes it bipartisan. let's see what happens with the senate, let's hold on for a second, when they bring forward to congress, it might be increase a bit, the republicans have to meet democrats halfway. we are talking about the lives of 800,000, we are talking -- come on, we are talking about

the lives of 800,000 people who call this country home. lauren: thank you so much, have a beautiful weekend. >> thank you. >> you too. cheryl: well, you know, a strong week for the market this is week but wasn't without nervous bond investors, so should we be worried about inflation? is now the time to buy the ultimate inflation protection? and the gender pay gap in hollywood making headlines this week. does hollywood need to rethink how it pays its actors? you're watching fbn:am how do you win at business?

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cheryl: we are going get new data on inflation today when the consumer price index is released and if inflation is making big comeback in 2018 should investors be looking to buy safe havens, maybe gold, let's bring in anthem blanchard, anthem, good morning. i realize that gold is your bread and butter, but should people be looking at gold now and why when frankly the market still hit record highs yesterday? >> people should always be looking at gold to certain extent and ultimately you're looking at a lot of uncertainty in the markets, ultimately we like to buy assets when they are cheap and on sale, just like everything else on sale, we look at gold being on sale from 1900 peak roughly.

so i think a prudent amount you should talk to personal financial adviser. cheryl: goal has a lot of competition these days in particular with the crypto currency market and that's is why the inventors and those that back believe in bitcoin say you should look at bitcoin as gold as alternative investment and thinking about emerging markets and thinking about bonds? >> that's very true and that's why i think a balanced portfolio is very wise. you have to take it seriously, you have to put it in portfolios, like gold no government could create it. unlike gold it's actually impossible to find anywhere in the universe, bitcoin is data that's protected, trust that human beings have protected and now the machines are the custodians of trust which sounds spooky and scary, human beings form the consensus that the

machines decide on what to trust and that's bitcoin. cheryl: certainly the bitcoin story continues and debate continues but also what about things like real estate, anthem, you to say specially with investors throughout the united states and with tax reform and the way that it's affecting property owners, another safe haven for many has been real estate, maybe that's changing this year. >> i think so, obviously everyone has to live, not everyone has to buy somewhere, you look at rent to own ratios, real estate looks expensive to me as asset class, i think to your point you want to stay diversified and have exposure in some way, yeah. cheryl: real quick before i let you go, the pretty moderate, what are your inflation targets, we are hearing 2% from them, what do you say? >> i think you're going to see above 2% from price inflation standpoint, i think realistically what people are spending their money on for core

goods and services, i think you will see realistically double or more, ultimately, i think, the issue is that the fed and central banks in general will have difficult time in raising interest rates to curtail inflation enough because they are really word about the credit risk out there, there's all the credit out there and if they raise interest rates too much, then it's going to be a problem in the credit market. thank you. cheryl: gold is certainly is an option. thank you very much,. >> thank you very much, cheryl, appreciate it. lauren: coming up the president helping big and small businesses with tax cut plan, but how is he helping the world economy? his message to farmers in just a bit. what is hooters without waitresses? let's take a look at stock market futures after surging 200 points yesterday and at record how, dow futures are gaining another 94 points this morning,

the other markets are up too. we will be right back.

>> workest and their families will receive larger paychecks starting in february. we are estimating that 90% of workers are going to see increase in take-home pay. lauren: breaking news this morning, tax reform gets real as paychecks grow and wal-mart is joining tax cut bonus club. cheryl: deal or no deal, the white house says not so fast as the debate gets sidetracked by vulgar comment by the president. lauren: in the markets looking good, earning optimism stocks to record highs, this morning we get bank earnings, jpmorgan chase and wells fargo, u.s. stock market futures ahead of that are certainly higher, dow

sup 94. cheryl: in europe a political deal to form a new government in germany is helping boost stocks in europe and that's certainly another piece of the story here in the united states. right now the ftse, the cac quarante are higher. lauren: mixed friday in asia, stocks are lower in japan but they are higher in south korea and in china. cheryl: how popular is hooters going to be without those waitresses? you may find out pretty soon. fbn:am starts right now. ♪ lauren: 5:31 a.m. in new york, friday the 12th of january, i'm lauren simonetti, thank you for joining. cheryl: and good morning, everybody, i'm cheryl casone, i like going to hooters bought right afterwards i go straight to the gym. lauren: waitresses are your remind tore get on the

treadmill? i actually think it was pretty good. we begin this, though, good news for the economy and workers out there because of growing number of american companies announcing benefits, announcing bonuses for workers following the new tax law. cheryl: todd pirro with details. >> happy friday to you and happy numbers. let's get right into them, 82 companies passing tax relief to workers, wal-mart announcing they are increasing startling wage to 11 bucks an hour and employees will get bonus of up to a thousand dollars, the dow rose to another all-time high yesterday like you mentioned, jumping 205 points to close above 25,500 and a recent quinnipiac poll shows that 66% of american voters say the nation's economy is excellent or good. that is the highest positive rating since the poll first gauged this topic back in 2001. all this leading to the following tweet from one of the architects of the tax package

house majority leader mccarthy, tax reform is already delivering, wage increases, employee benefits, lower utility rates, end quote, not the mention the expected bump in paychecks thanks to lower tax withholdings. >> workers and their families will receive larger paychecks starting in february. this has been a massive project that we have been working on beginning to implement the tax plan, it's a lot of work left to be done but we are estimating that 90% of workers are going to see increase in take-home pay. >> bees a you might expect many democrats aren't as enthusiastic. >> in terms of the bonus that corporate america receives versus the crumbs that they are giving to workers to kind of put on is so pathetic, it's so

pathetic. >> with thought, fiat chrysler will give employees 2,000-dollar bonus and add 2500 jobs as a result of tax bill relocating heavy truck production from méxico to michigan. back to you. cheryl: todd pirro from news room. >> the american dream is roaring back to life and we have just sign intoed law the most significant tax cuts and reforms in american history. [cheers and applause] >> most of those benefits going to working families, small businesses and who, the family farmer. cheryl: well, that was monday in nashville, the president laying out plan to boost agriculture and prosperity in rural america, can he deliver on those promises? darren williams is the ceo of southern bank corp., he joins us now in new york studios, good morning, sir. >> good morning, cheryl, how are you? cheryl: good, i want to get your

reaction on what the president said, rural america, farmers have been suffering you say and you point out in op-ed journal all the bank closures that have been happening, you call rural america bank deserts, does the president make you feel any better on what you're seeing in reality? >> clearly tax benefit, benefit for our bank and for those who are paying taxes, unfortunately in the market that is we serve, folks are poverty level, they are not benefiting from tax break. our bank, we shared profits and tax benefits with our employee who is do the hard work and i believe farmers all who have benefited on tax proposal they will see a benefit but there's much, much more that needs to happen to really stimulate the economy in rural america and that's what our bank focuses on, helping to push and drive the economy, we want folks to help to buy homes, we want people to have jobs, inspire

entrepreneurs, we want to encourage folks to save money and the tax bill does put money back in their pockets and that's positive. cheryl: two questions, first are you going to be opening more banks and as jpmorgan is now closed, almost 1600 in small downtowns, do you think financing is going to be a better position for the farmers considering what the tax plan has done for them, there's going to be more capital in farmers' pockets to take advantage of ones like banks like yourself? >> larger banks are abandoning rural communities, we are trying to open new branches, expand, the further a business moves away from traditional sorts of capital, we are looking to grow, we are raising capital, we are looking to expand and we want to be the answer to small businesses who need capital in rural america. cheryl: i want you to listen to something that president trump talked about and that was nafta. listen to this. >> sure. >> on nafta, i am working very

hard to get a better deal for our country and for our farmers and for manufacturers. [applause] >> it's under negotiation as we speak. we want to see even more victories for the american farmer and for the american rancher. cheryl: so let me ask you this, he's talking about making changes to nafta, but don't many farmers like nafta? isn't that helpful to their business? >> cheryl, you're exactly right. the farm sector has been one of the real proponents of nafta, they benefited from nafta, obviously we are going to be carefully watching what those changes might be because it has been benefit for farmers. cheryl: what about the issue of the labor shortage in this country, we are having huge immigration debate right now in the country in washington, but these farmers have complained that they don't enough laborers to get the work done, wouldn't immigration in its form that we have been discussing make it worse on american farmers? >> you know, cheryl, that's possible. it's going to take much more than tax break to really lift the rural economy and help the

american farm e. they have very concerned about immigration reform, you know, obviously farmers rely heavily on immigrants to help with the labor so, sure, there's labor shortage and farmers are watching carefully. cheryl: darren, i encourage everybody to read wall street journal op-ed talking about how banks can help the american farmer which is the life blood of our economy. darren, thank you very much for being here this morning. >> thank you, cheryl, thanks for having me. lauren: intel says the latest chip patch to protect computers from hackers could cause them to reboot over and over again. cheryl: tracee carrasco with that story and other headlines for that, trace, good morning again. >> hips can cause computer using older processors to reboot more often than normal and that intel may need to issue updates to fix the buggy patches. its spoke person for intel said, quote, we are working quickly with these customers to

understand diagnosis and address this reboot issue, intel also asking those cloud computing customers to hold off on installing those patches because there are issues there as well. lauren: it's not just intel, amd, every single computer out there is vulnerable to hackers and now the fixes are flawed. tracee: yes. lauren: kind of crazy. cheryl: you have another story, hopefully not flawed story about ford but issuing warning on one of older trucks, popular one, right? >> yes, ford ranger, ford is telling 2,009 -- 2,900 owners to stop driving them, they are also dispatching dealers out there to fix the takata air bag inflaters because of the problems, they are linking it back to a death last summer a driver died in july. so this is just another issue, already there are 34 million vehicles in total recalled

because of this takata air bag. lauren: ticking time bomb. what's going on with hooters? tracee: part of going to hooters is the experience and the staff, but -- [laughter] cheryl: waitresses. tracee: some people are embarrassed to go there because they maybe don't want to be seen there or they don't wanting to there but they still want the food. lauren: the food is good. tracee: ceo is really pushing for delivery service and now hooters will start offering delivery for its customers. this is one of the biggest growing sectors of the restaurant business right now, delivery as we are seeing so many restaurants get into that and so one other thing, hooters girls will not be making the deliveries, that's one important to know. lauren: how did you know that was the follow-up? tracee: i knew that was going to be the question. cheryl: great burgers, great

fries. tracee: it'll work for them. lauren: it would be great if the waitresses made the deliveries. that would be great pr. cheryl: thank you, tracee. all right, we will take a quick break. coming up next, there's outrage over the pay gap in hollywood. >> we have your son. >> $17 million to release him. >> i don't have any money. cheryl: maybe michelle williams needs a better agent because she only got about a thousand dollars for reshooting all the money in the world. mark wahlberg got a lot more. we will get more with a guest coming up. sin city wants to make it easier to get married, basically releasing sin city, you're watching fbn:am.

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♪music:oooh,oooh,oooh that's it! just giving back and producing love for everybody. cheryl: welcome back, let's get you caught up on what's happening now. president trump has canceled plans to visit london for opening of embassy. he blames former president obama for the decision tweeting, quote, reason i canceled my trip to london is that i'm not a big fan of obama administration having sold best located embassy location for peanuts only to build one in off location, bad

deal, wanted me to cut ribbon, no. have you seen time magazine's latest cover? depicts president trump's hair on cover paying tribute one year anniversary of being office. reference to title of michael wolff fees controversy fire and fury, getting married in easy but now got faster, you have to walk off the plane, next month the las vegas county clerk's office will open kiosk at baggage claim help to go get marriage licenses. marriage is so easy, lauren. lauren: maybe that's the problem with the divorce rate these days. well, mark wahlberg and michelle williams sparking outrage in hollywood. >> i was so shocked that e doesn't believe in paying their

-- their female cohost it is same as their male cohosts, i miss kat sadler and we stand with her. we want people to have the conversation that women are just as valuable as men. talking about kat sadler in particular, we ask what can be done about this, joining us now employment and entertainment attorney. >> great to see you, good morning. lauren: how widespread a problem is this in. >> in movie american hustle cleared paid disparity between male and female actors and not a good rationale in that instance. in this case, though, it's even a lot more dramatic, this is really become the poster child for paid disparity for ten-day

reshoot mark wahlberg was paid $1 million and michelle was paid 80 bucks a day. lauren: it's for all the money in the world and basically what happened they had to edit out kevin spacey because of sexual misconduct allegations and they brought in christopher plummer, was there's some sort of clause in wahlberg's contract that said he could improve supporting roles as long as he got 1 and a half million dollars. is there a way to justify this? >> there are different ways to try to justify this but i don't think it really end up being the ball over the goal line. what usually happens in situations like this in television and hollywood, when you look at issues that clearly fall under the equal pay act, there are instances where people sometimes and corporations try to hide in the legal weeds to say that there's a difference in

experience and reputation and responsibilities for the job, but how are you going to explain the difference between one and a half million dollars and 80 bucks a day, so there's really not a very good explanation here. you made interesting observation before one of the break that is the agents have to get involved because really all the studios responsibility, also the agent, print media has reported that william morris has represented both of these actors, if that's true, if i was michelle williams, i would pick up the phone this morning and say what's up. lauren: not to interrupt you but we are rushing for the clock here, anything that michelle williams' contract that could make the contract voidable? >> no, i think that at this point it's really just a matter of negotiation and trying to really reach out to chip away at the paid disparity that is breaking through the entire industry. lauren: let's just as we sum this up show the viewers paid disparity. highest paid actress last year

emma stone, $26 million. the highest paid actor mark wahlberg, $68 million. you go through the list of top 5, mila kunis 15 million, jackie chan about 50 million. maybe we will see changes going forward, maybe not. so good to see you, thank you for the perspective this morning. >> great to be here. cheryl: well, sometimes even being a celebrity basketball player with lots of endorsements doesn't help your game. lebron james and cleveland cavaliers continue to struggle and somebody else mentioned in paid disparity issue in hollywood is wonder woman gadot, why is this causing uproar in social media? you're watching fbn:am.

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every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. cheryl: check this out. wonder woman gal gadot launched a dress that put her in cross hairs of middle east tensions, eli saab receiving criticism after putting picture in instagram. saab is lebanese designer. well, here is one tweet, one person said i don't have a problem wearing eli saab but i do a problem posting from saab's account bragging exisraeli soldier that wears dress. designer responded by taking down the post. lauren: now it makes sense.

all right, john has signed a ten-year 100 million-dollar contract to coach the oakland raiders again, investigating whether hiring violated the rooney rule, the team must interview minority candidate before agree to go hire someone. two minority candidates were, indeed, interviewed before the team decided to go with gruden. cleveland cavaliers are slumping and frustrations are boiling. toronto raptors beat calves by 34 points north of the border last night. lebron james and cavs coach exchanging heated words near the bench. head coach tyron had this to say after the game. >> offensively, i think everyone on the same page, you know, we have to get rid of agendas to play the right way. >> this is the seventh lost in the cavs last ten days and

second in a row by at least 25 points. well, the u.s. army golden nights team may be ready to drop gloves with nhl's newest franchise, vegas golden knights, disputing that the names could be confused in a sir castic response, we are not aware of a single complaint from anyone attending our games that they were expect to go see the parachute team and not professional hockey team. the vegas golden knights are off to stelar start, they are leading leading the western conference. make sure to tune in to fox business this weekend, we will be airing college basketball, top-rank team, the villanova wildcats, take st. john's tomorrow at 8:00. cheryl: we have a lot more coming up because it's earning season for the big banks, all kicking off today, we will go to london for a preview, that's straight ahead, fbn:am.

cheryl: jp morgan and wells farlgo to report latest earn thción morning. john from the wall street journal joins us now. john, good morning, what are we expecting, what are you expecting from the banks this morning? >> good morning, so, yeah,

markets are very optimistic given how well the economy is doing and they think that the sort of fourth-quarter results will be very positive, they are expecting wells fargo to report bigger profits and analysts are eager to see if they will leave behind them the financial precautions of the fake account scandal that has been dogging them. jpmorgan has been struggling a bit with trading revenues like everybody else but earnings expected to come in a bit below in fourth quarter but still pretty robust but optimism among traders right now. lauren: we are watching the euro, it's rising today, so are stock markets after word of breakthrough of new coalition government in germany? >> yeah, the euro is doing really well because we had minutes from cbo yesterday suggesting that officials might take away easy money faster than expected but also today we heard news that the sort of four-month deadlock in germany might be over and angela merkel's party

might do a coalition with the center left so it's all good news for the euro and also the pound which is up a lot today on news that brexit might be easier to swallow. cheryl: jon, thank you very much. lauren: we will say good morning to maria bartiromo, mornings with maria starts now. hi. maria: happy friday to you, good morning, everybody, i'm maria bartiromo, tgif, january 12th, top stories right now 6:00 a.m. on the east coast. trickle down tax reform, more american workers wreaking the benefits. 60,000 u.s. workers, automaker investing in the united states to move heavy duty truck production from méxico to michigan. wal-mart plans to raise minimum wage, retailer, however, did