worth of tariffs to put on if we don't make a deal and believe me, i'll be putting them on. lou: that's it for us tonight. congressman matt yates and investigative journalist sarah carter among our guests tomorrow night. please join us. thanks for being with us tonight. good night from new york.

facebook ceo mark zuckerberg on the latest scandal flagging flanking the social media company. cheryl: that push it down as much as 640 points at one point. we have wiped out gains on the tao. the dow is up 102. nasdaq is up 30 and a quarter. lauren: oil is moving higher this morning it is up 2% at 54 54-52 to the barrel. cheryl: stocks there are trading to the upside it's up at three three quarters of 1%. and check your fridge. romain lettuce the cdc issuing a major warning just in time for thanksgiving. fbn:am starts right now.

lauren: it is wednesday, november 21, thanksgiving eat. and lauren simonetti. cheryl: good morning everyone i'm cheryl casone. we start with the president this morning. he has now vowed to remarry -- remain a partner of a saudi arabia despite mounting evidence that they were behind the murder of the washington journalists. it's impossible to know whether crown prince ordered the killing. the president made a financial argument for retaining the u.s., saudi relationship. >> right now we had oil prices in great shape, i'm not going to destroy the world's economy and i'm not going to destroy the economy for our country by being foolish with saudi

arabia. lauren: but the president facing pressure from democrats and republicans for calling for a topping -- tougher response. they say amid the controversy that the security officers had tortured jailed women's rights activists as part of a government campaign to squelch criticism of the crown prince. cheryl: back your home, facebook ceo mark zuckerberg speaking out following the data and privacy scandals that had docked his company. in an interview last night on cnn defended facebook as his company tries to move past the russia's meddling in the meddling in the election. >> i always talk about how we need to partner with governments around the world

and other companies in nonprofits and other sectors, so yes i don't think fundamentally that we are going to be able to address all of these issues by our cell. >> so we are not stepping down as chairman? >> there is a lot of questions about sheryl sandberg's role in the scandal. >> cheryl is a really important part of this company and is leading a lot of the efforts to address a lot of the biggest efforts and issues that we have. she's been an important part for me for ten years. i'm really proud of the work that we have done together. i hope that we can work together for decades more to come. i do run the company i am responsible for everything that happens here. cheryl: the comments are coming by the investigation from the new york times last week that they failed to take quick steps to address the meddling and the election. zuckerberg said that report was inaccurate. lauren: president trump

officially answering robert mueller's question about the russian meddling and in the election. a major milestone in the investigation that could soon reach its end. the legal team provided more than 30 witnesses and 1.4 million pages of material and now the president's written response earlier this week, the indicated it's unlikely he would sit down with robert mueller's team for an interview but now they have his answers in writing. cheryl: let's look at your markets once again. more losses in the dow and s&p. it wipes out this year's gains. they closed down more than 550. white house economic advisor larry kudlow was on bernie and company. >> acknowledge the stock market collection. these things happen they come and go. i'm just saying the psychology in stock has gone down to get -- a bit.

gary, good morning. do you agree with larry kudlow that there seems to be a disconnect between the economy and the market? >> you look at what i always think of the three pillars. the people have jobs. all they all seem pretty sure. we are still a scene gains in housing. a lot fewer people are underwater than they used to be. the wages are growing. and obviously we talked about the unemployment rate many times. certainly anything below 4% as a strong economy. we had been covering that extensively already this morning. at one point it seems to be kind of stammering he was defiant. he would not resign even though several big shareholders want him to.

when you look at a company like facebook do you save yourself some of these ceos have too much say in power and this is what makes some investors nervous? >> i don't mind when they have a lot of say in power if there are the right ceo. that's exactly my point. he's obviously a smart young guy. he is a visionary but companies at different points in their life cycle need different kinds of leadership. some 40% it's up. and you look at somebody which dagen mcdowell our colic has said several times he was off reading books and trying to enrich his life and not run his company. it seems like a company like facebook should be really in jeopardy right now. >> exactly. i spent 15 or 16 years at

ibm. they were the vision of those guys. the kind that you put on mount rushmore. i'm not saying that's what facebook needs. but they certainly need more than that. someone that has been schooled in management and has been schooled in finance. it's all on the job if you well. i still think he thinks of himself as a visionary. they need more of those mount rushmore management people right now doing a lot of this interacting with the government in fixing these problems and being that calm voice. cheryl: the top antitrust official, they are trying to bring in some lower management folks to kind of shore up the company. we will see if that helps the stock though.

just before thanksgiving a federal health officials are urging people to throw away all romain lettuce because of a new dangerous e. coli outbreak at least 32 people are sickened. canada has also reported nearly 20 cases. we don't know the source of the contamination yet but we do know that the strain is different than the one that earlier this year killed five people. we will have more on that and the little bit. wall street journal reports that apple is in talks to provide portable health records to military veterans. apple would reportedly create

special software tools allowing the millions of the enrolled veterans to transfer their health records to iphones. but also give access to millions of new customers and a big boost into the medical industry. considering all of the problems that they've have with the va. this is good news. another healthcare merger is on the horizon. they are reportedly in preliminary discussions to take states with each other. the two companies already have a partnership focused on serving seniors from 20 walgreens locations they are discussing explaining that along with some other possibilities. this comes as companies in the health industry's look to give them a competitor edge. walgreens is up 12% year to date. taco bell is making a very loud debut in london.

lauren: talk about is getting ready to open its first restaurant in the city so it's making a little noise. [music] so taco bell teamed up with an audio engineer to give the illusion that big ben was chiming once again you can see those confused londoners didn't know what to think because it has been silent since last year is not expected to total again since 2021. it could not let big ben remain silent for the opening. it brought in its own belt to help out. cheryl: i don't know if there was a taco bell themed bell song but that might be it. lauren: president trump taking part in his second turkey party -- partying ceremony.

the public voted him to be that national thanksgiving turkey this year. and they demanded a recount. he also have a warning for the butt -- birds. even though peas and carrots have received a presidential pardon i have warned them that house democrats are likely to issue them both subpoenas. lauren: peas and carrots are on their way down south to live out there final days at virginia tech. cheryl: let's take a look at futures it's okay to look at the markets is morning folks. after losing nearly a thousand points over the last couple of days the dow is up 115 points this morning. and s&p up to 115. and nasdaq up 53.25.

the thanksgiving travel rushes in full swing. >> we've seen the video before of the red and white light. cheryl: whether you are traveling by plane or train you gear up for the great escape. an interesting twist in the grab for the house speaker gavel was a deal made? you're watching fbn:am. [music] that grandpa's nose is performing "flight of the bumblebee?" ♪ no, you goof. i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. nice. i know, right? ♪ [nose plays a jazzy saxophone tune]

believe it. geico could save you 15% or more on car insurance. when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away

if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters.

lauren: let's get you caught up on what's happening now. they are thankful for the green arrows they are seen after they wiped out the games for the year yesterday. dow futures up 102 points. out west, the search crews are hoping forecast green. with their rain comes a big risk of money -- of mud and mudslides. 700 still missing. check this out. the nafta satellite image showing to the extent of the wild fire damage from space. the brown areas that you see there. that's where the fire had scorched the earth. republican representative mia love lost her seat to see

mcadams. in the utah race that took two weeks to settle. they will not hold the majority or at least to 234 seats in the house. nancy pelosi has gained two key endorsements in her bid for the house speaker. and bound to support us up pelosi instead. they offer another vote of confidence. it comes after 16 house democrats publicly promised to oppose nancy pelosi has house speaker. and that will be on wednesday and that is what is happening now. >> coming up right now thanksgiving. without too many flight cancellations so far. it could be the coldest thanksgiving on record. will it be as cold as everyone is predicting.

i am predicting a very cold thanksgiving. >> it could be the top two of the coldest in the u.s. history. it will be blustery. and they will have to bring those balloons down for a little bit. but guess some i guess some of the big cities could flirt with the coldest thanksgiving on record. the good news is it is short-lived. we will get back to more relatively warmer temperatures as we head into the weekend. that would be anti- the coldest thanksgiving on record. i want to make mention that we do had rain and the forecast. much needed much-needed rain for the west coast. rewatch the potential for flash flooding and mudslides. hopefully that will help firefighters get an upper hand on those wildfires. to you as well in the family. happy thanksgiving genus.

>> we have a lot more coming up. the cdc has issued a major warning over romain lettuce. what you need to know before you dig into the thanksgiving salad. and airlines and passengers are forced to pay for repairs after their plane breaks down. you will want to hear this one. the shocking details when we come back. if there's one thing all americans agree on,

a deal is a deal. and congress has already made one to help america's seniors pay less for their prescriptions. but now, drug companies are lobbying congress, trying to force seniors to pay more so they can boost profits. but a deal is a deal. and the president has pledged to end price gouging by drug companies. we will no longer accept the inflated prices being charged to our seniors. protect seniors, not drug company profits.

lauren: don't eat romaine lettuce. just ahead of thanksgiving because of a new dangerous e. coli outbreak. we are joined now. jeanette, good morning. don't eat it. what are they supposed to do. >> good morning to you.

they are working very diligently to try to determine the source of the outbreak. they are still working on it. once they determine the source of the outbreak that they will issue an official recall. safety is a priority and they are recommending not to eat any romaine lettuce. also if you have any stored in your refrigerator toss it out this in fact where was stored in the refrigerator because you could develop symptoms later on. lauren: what are some of the cysts -- symptoms? >> upset stomach stomach cramp, fever, most people will get better on their own. if you're having worsening set systems -- symptoms it is treatable see her dr. right away. lauren: the e. coli outbreak earlier this year was deadly has this would become deadly?

>> half of these people that have been infected have been hospitalized. it is similar to the outbreak of 2017. this e. coli strain releases attacks and that can some times cause organ failure kidney failure and be life-threatening. thank you so much. and happy thanksgiving to you. cheryl: it's scary stuff. this is not scary folks. it was a bummer. we lost about a thousand points now. s&p up 12 and three quarters. still have this morning from passing the pot to passing the safety tests. it's not sitting well with nasa.

they continue to learn some new party tricks but the latest one has myself and lauren a little worried. [music]

>> it's a very strong economy. i'm reading some of the weirdest stuff about how recession is around the corner. recession is so far in the distance i can't see it. >> we can't see it this morning either as u.s. features bounce back. as much as 640 points. the shedding of the gain for the year. check at futures now up 95. >> it was not only a tough day for markets yesterday. but president trump was ripping up on the federal reserve. but will it affects next

months rate hike. after trump comments on relations between the u.s. and saudi arabia. oil is up a dollar this morning at 54.43 a barrel. cheryl: green and europe. in europe. stocks in europe up across the board. game of thrones fans are in for a real surprise we are getting a new details about the changes coming to worcester oaks. fbn:am continues right now. lauren: 5:30 in the morning in new york.

cheryl: i need to start watching game of thrones. it's on my winter list. but let's talk about oil right now. we just talked about it a moment ago. oil prices were plunging up more than 6% yesterday. they fell on oil supplies. and then also there was this comment from president trump about saudi arabia. that did not help oil either. if we broke with them i think the oil prices would go through the roof. they have helped me keep them him down. right now we have low oil prices or relatively. i like to see go down even lower. cheryl: the price futures group is here. we hit our lowest levels in more than a year. you want to talk about game of thrones look at the oil market. that is really what it is. it has been violent and ugly. and then you have president trump's comments about collusion with saudi arabia.

about keeping oil prices lower. and that was kind of shocking to the oil market because there was a perception in the market that saudi arabia have gotten angry with president trump. that they tricked them in to raising production and donald trump of course gave waivers to the biggest buyers. and it cost them billions of dollars on that selloff if not more money than that. and then all the sudden now. it looks like there might be some kind of quid pro quo i can say on this murder maybe you didn't do it. at the same time and to continue to do business with you. that has a big impact on prices. >> do you think the president's comments were in advance of the next country and meetings in meetings that were coming up next month. that they would keep production lower.

it was kind of a tricky move on the president's part. it really muddied the waters a little bit. the assumption was that they were pushing hard for production cuts. we've already seen exports to the u.s. fall dramatically. so everyone was assuming that they were getting ready for a big cut. but he raised the stakes on them. he has changed the game like they would in the game of thrones episode. you better not turn on me when it comes to oil prices. that would kind of a swipe at the global markets fill, thank you very much. >> let's talk about the politics of all of this. cheryl: the president is getting a lot of criticism from both sides of the aisle

overnight and to this morning about the fact that he's getting it with the saudis. do you think he you made the right decision? >> i think ultimately it shed light on more than half a century of u.s. foreign policy in the middle east. particularly when it comes in the gulf region. but to make sure the american public knows there is a strategic conversion between saudi arabia and america. as can be the way on checking in the future. you in a wanna junk the entire relationship just because of one around his crime. >> listen to what the president said yesterday before he left the white house. >> we are not point to give up hundreds of billions of dollars in orders and let russia, china and everybody else have them. it is america first. he was talking about america first and in particular in the statement that he put out. he talked about the financial arrangements which some would

say. they are actually sitting at the numbers are inflated. he is saying that it's $110 billion in military sales does numbers seem a little high to some. >> those numbers are actually quite important. but the apartment -- the part of the statement was the iran threat. it was not about military sales or the foreign investment. the trump administration has prioritized countering iran. >> the question of what is this mean for our relationship with turkey. they tweeted about this. and pretty sure this is saudi arabia first not america first we make of that?

>> even though there were quite a few exclamation marks in that statement. it does sound a lot like u.s. foreign policy. there is that clear vision of we need to work with the saudi's because of the larger regional threat in the modern era it remains here. >> it may not be over. there is a report that is pretty disturbing that they are not being accused and is in the wall street journal this morning of torturing women rights activist. pretty horrific step. if the accusations are true. we will see if the white house response to that. lauren: the federal reserve widely expected to raise interest rates at their meeting next month but then while they hold off on pulling the trigger following the recent selloff. president of a diversified private wealth advisors.

they join us now. good morning gentlemen. this is a time of the year when we are all thankful for many things. i don't think the present as thankful for the president -- for the federal reserve listen. >> do we have a fed problem. they had been very responsible at least up until now. they've been very careful into in to how they raised the interest rates. i think they will raise it. their language is substantially more important. we will will be watching that. >> the number of rate increases that you see. what do you think for 200019? i think the economy is not going to be as aggressively growing as it is this year. i think for is completely out of the question.

what soft spots do you think that they're looking at in the economy. what about retail. after we saw the blood bath by many retailers yesterday. >> the stock prices for the retailers are all on black friday. at the prices have come down substantially. they there can be looking at oil prices number one. let's see what happens to wages over the next three to six months. to see whether it is three or two races next year. obviously they will probably raise on december. and we would expect that to happen. >> you guys are going with two or three increases for 2019. we are seen maybe had to pull back a little bit next year. has the market outlook thus far and so far this month has it changed enough that the fed

changes their outlook? i don't see the market reaction can influence the fed. the economic cycle if we have some significant uptick in inflation. if we saw gdp dramatically lower in the first and second quarter of next year. that will change the fed policy. i don't think of the market the market reaction well have any influence at all. >> what you think has a wall street spooked so much lately. what he think is it. >> i think peak earnings growth. a lot of people are surmising that second quarter of this year was peak earnings growth. the fed was can a's -- raise interest rates too far up. they would have a slowing in the overall economy. we are trying to price and is it just a slowing of profit -- profit growth as a big difference between those two.

>> what about the nancy pelosi agenda that some investors are fearing with more regulation. an anti- growth policies. what you make of that. at the end of the date day they still have to get it through congress and the president would have to sign off on any significant lot changes. at the end of the day they will be bickering back and forth but real significant changes i don't see that happening. >> we will probably have some choppy training so fasten your seatbelts. thanksgiving week. thank you very much. cheryl: amazon's alexa is soon going to be able to read the news just like will i guess us. san francisco $2.2 billion tree and central open.

this is after nearly a decade under construction select it's one of three new speaking sales as and they have created to make alexa sound less like a robot. they incorporated stresses on certain rule -- words it will be available sometime in 200019. i'm not threatened yet. maybe i will read the rest of the broadcast like a robot. let's take a look at u.s. futures this morning. it's a 99 points. i think people well then change the channel. they are gaining 47. negative for 200018. millions of americans and gearing up for the biggest shopping day of the year.

the new hot ticket item that teens are putting on their wish list this holiday season might really surprise you. you're watching fbn:am. [music]

i'm all for it.

lauren: elon musk may be facing the consequences for smoking pot on a live podcast.

cheryl: and there's just certain things you don't want to do on a live show. >> a new report from the washington post said nasa is ordering a review of the workplace culture of space x and boeing. they are working with nasa to fly to the international space station. it was prompted by elon musk his appearance on joe rogan's podcast where he took a puff of marijuana during the live stream. that movie did not go over so well with the top officials. lauren: let's talk about black friday i just got a couple of e-mails already on my phone. what do you know what are the best deals. time to start with the shopping strategy.

amazon is your place to go. it's matching the prime date pricing if you are looking for a laptop or desktop checkout you will find hourly deals. many priced under 500. if you plan to shop at walmart. in stores starting tomorrow at 6:00 p.m. in the store but of course the biggest deal they always go quickly. they are offering deals that you will only find in stores. hopefully that will help you plan where you're going and what you're doing. there's a lot of scheme apps out there. they just don't want electronics for christmas. they are putting some crazy things on their list. i knew holiday report said for

the first time teenagers want crypto currency in a fortnight the box instead of cash and gift cards. the number one item on the wish list was apple's iphone. some of the other brands they are looking at. what are they gonna do with the bit coin. imagine that saying they want the box for fortnight. what is fortnight. we will see on friday. retailers are feeling prominent that data not only teenagers but shoppers will shop at stores and online. the national retail federation

may estimate that they are going to spend up to $721 billion this season and that's over a thousand dollars each it's an increase of about 5% from last year. charlie, good morning. happy thanksgiving. are you thinking consumers are going to spend that much money. >> i think it's four to 5% in the holiday. i think it's important to note that we focus more on operating income than revenue. will be waiting to see how much of this drops in the bottom line. given the promotional climate and the spending that's been going on. amongst retailers as a scramble to catch up to amazon online. are you worried. we had targets at numbers yesterday. a lot of the retailers might be doing okay but they're

spending a lot of money to do okay how would you categorize the state of retail? >> our view has been as a barbell. you have the best buys tjx at the top. and then at the other end of the spectrum you had retailers that we consider to be distressed. >> we have a j.crew, j.crew, nieman marcus, sears is on the list you have some bellwether names at the lower end of the rating scale. in the common theme as they have too much debt and they're having trouble keeping up with the expenditures that you need to make. and one of the views that we've had as this goes back three years a plus with walmart where you make short-term investments for long-term gains in the equity markets don't necessarily like that. and it takes time to do this. and it's expensive. it took them 15 years to build

out the network to the point where it was scaling in the brick and mortar retailers don't seem to be getting that same level from the equity markets. gap might be closing some underperforming stores. thank you for putting that all in perspective for us. happy shopping to you. the futures have actually turned around after a couple of very rough days for investors. the dow is was up 80 right now. s&p up a half. i knew paula gave president trump his highest approval rating yet and guess what it's for? >> the hottest economy on earth. make america wealthy again. now he wants to make you wealthy. the president's latest proposal to protect your money. in a shocking scene at alito caesar's pizza restaurant. you will not believe what happened these unsuspecting customers. they were just waiting for

their pie. you're watching fbn:am. let's roll. (father) wait, what's that? a hawk feather? that's right baby.

(daughter) his job is important. (father) but this is what matters most. [ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he.

cheryl: let's get you caught up on what's happening now. multimillionaires well had more flexibility to make tax free gifts to their errors. under the regulation they would have an easier time to take advantage of the temporary increase in the gifts in the estate tax exclusion that congress passed last year. the tax experts say that once it becomes final for a wave of wealth transfers worth more than 5 million to their children. how about having to pay for a

plane and its repairs. that's what happened to passengers on the flight. the local media reports say that it needed a new hydraulic pump. they were asked to foot the bill. they forked over the money. then they have to wait ten hours for the repair to get done but they did take off. the employee is going to be disciplined. >> check out this video customers at a little caesars headed dive for their lives after car smashed into a storefront window. i hit one of the customers. make go away from the scene seemingly uninjured. and that driver was ticketed for reckless driving. that makes sense. game of thrones advance. are you really awaiting the

sequel. the pretest quell well date back to close a 5,000 to 5,000 years. there will be no planning or no is just one of many projects to come out from the original season the eighth and final season of game of thrones set to debut next year. with a lot more stay with us. we will be right back. all your. ♪ ♪ the ibm cloud. the cloud for smarter business. . . we all want more time with our dads, brothers, partners,

friends, and our sons. together, we can stop men dying too young, by tackling the big issues. it's time to act. sign up at movember.com and raise funds to help change the face of men's health.

i thought he was with you? no jack! (sfx: piano plays "twinkle twinkle little star" tommy? (sfx: audience laughing) don't stop. keep playing. (sfx: pianist playing masterful duet) here we go here's the fun part

lauren: oil prices recovering, steep losses yesterday, wti in lowest ever in over a year, craig senior analyst joining us from london, good morning. >> good morning. lauren: what's behind the turnaround for oil that we are seeing this morning? >> i think that's a brief bounce, you seen aggressive selloff and we hit new lows overnight. we have seen bounce, good inventory numbers which may be helping it. near term i think it's still on downside. cheryl: theresa may heading to brussels to pitch proposal to leave eu, what will she come back? >> get mp's on side ahead of a vote but whether she can achieve

this it's quite doubtful in this stage. lauren: thank you very much for your insight this morning. cheryl: we send it over to maria bartiromo, good morning, maria. maria: hey there ladies, thank you so much, good morning, happy wednesday to you, it is wednesday november 21st, your top stories right now just before 6:00 a.m. on the east coast. stocks this morning looking to bounce back after yesterday's big selloff, futures indicating gain at the start of trading, up 72 points right now. i should point out is off of the lows -- off of the highs of the morning, up third a percent. s&p up 9 and a half, nasdaq currently up 35 points, 1 half of 1%. all this, of course, after yesterday's big market meltdown concerns over trade and big technology and growth worries weighing on investors yesterday. dow industrials lost 551 points, that was 2 and a quarter percent lower. nasdaq with a 120 point selloff

at the close yesterday down one and three quarters percent with yesterday's declines the dow and s&p 50 are now in the red for 2018. the nasdaq is essentially flat, president trump weighed on the selloff before leaving the white house yesterday. >> i think the tech stocks have some problems but that'll come back, but no, i think, we will do very well. i would like to see the fed with lower interest rate. maria: global market this is morning are also higher, dax index in germany 65 points higher in germany. in asia overnight, let's check action there, nikkei average was down in japan, chinese markets and hang seng and hong kong, beijing up quarter a percent or more. in korea down a fraction. targeting trade with china, trump administration calling out beijing in