reason, -- is an adequate reason for killing 15,000 jobs? thanks for being with us tonight. and good night from new york. >> we have a good relationship, it is what the bottom line is. china has to treat us farly they haven't been. they have to treat us fairly. will they agree to treat us fairly, though, that was the president doubling down on plans to boost tariffs to 25% on 200 billion of chinese goods as administration gets ready for a possible showdown. at the g20. retailers led the stock market rally yesterday. this morning dow future are are down 9 points nasdaq futures are down 15. >> in europe stocks actually opened lower there. but right now it is a mixed bag the negative cac 40 slightly in green. >> mixed picture in asia stocks

slightly lower in china and hong kong edging hire in japan as well as south korea. >> more than 14,000 jobs gone, at gm how will other automakers react to pressure from the president? to make those cars here in the good old us of a fbn:am starts right now. ♪ good morning it is 5:01 a.m. in new york november 27th i'm lauren simonetti. >> good morning everybody i'm cheryl casone. cheryl: we've got breaking news this morning to bring to you trade tensions are intensifying washington and beijing. president trump in an interview with "the wall street journal" said he expects to move ahead with raising tariffs on 200 billion dollars of chinese goods to 25% from the current 10% come january first. this, of course, is the president gets set to meet with

xi jinping at the g20 summit this week. lauren: slammed at a rally in mississippi. when they charge us to tariff we judge them a tariff now. okay we make a car send to china there's a 25% tax. they make a car send it to us there's almost no tax, oak. lauren: market moved higher on this news pane chinese foreign ministry says both sides work to a positive swrowt outcome siting with news of that we saw futures go from red to green and we want to bring you this programming note count close to closing bell on friday and also get live reports from blake berman at the g20 summit this week. >> well in addition to china, the president also slamming general motors. trump say he is upset with the the company for closing several plants and cutting thousands of job if. trump had tough words for geo

mary barra. >> i am not happy with what she it. you know the united states saved general motors for her to take that company out of ohio, is not good. >> well four factorieses in u.s. and one in canada are to be closed by end of next year but trump expects to open a newen play to ohio in not too disangt future by buying sughs and luxury cars that was her reasoning behind that move. >> gm might have to rethink their vehicle strategy too. this as well supreme court may allow a lawsuit to go forward that claims apple has unfairly monopolized market for its apps. >> edward lawrence is in washington he's got details. >> well good morning lauren and cheryl this could be a big case for share holders of a l the supreme court could decide that the iowa phone apps stores and customers could sue for damages based on paying more for apps because of monopoly but the case

should be thrown out because if they are it is developers damaged absurd a commission on every app charged by apple some supreme court justices zeroed in on question, of if a is a pass through vender or actually first point of buy contact. petitioner says customers pay apple the firm then keeps 30% and sends money on to the developer. apple claims that they just connect customers and develop rs as a middle man as this could have big implication on earnings future earnings of apple and app store as well as competition for the actual app store itself. 31 states joined the side of consumers including texas and iowa the administration supports apple's case. the decision will come in late spring. back to you. >> and there could be more bad news for apple the company may be losing its top spot as world most valuable company. >> tracee carrasco joins us now with more on that story and other headlines making news this

morning. hi tracee. >> months after apple reached r1 trillion mark companies lead as wall street most valuable company is slipping. microsoft could soon take its place. this comes after apple shares fell almost 1.8% in the extended trading. following president trump's comments to the wall street journal that tariffs could be placed on laptops, and iphones and imported from china and wiped out more than 1% gain during the day put apple stock market value at 814 billion dollars. >> all right it look like united technologies is headed for -- a prate big breakup. >> united technologies decided to divide itself into three independent companies. this separation of one of america's last industrial conglomerate expected to be completed in 2020utc will be strictly an aero space company following its ac by withization of airplane maker rockwell collins and it is trading higher

year to date. cheryl: stock we've done shopping on cybermonday just a little. just a tiny bit. a small contribution. anyway i think we helped set a record right? >> we did so dayses earlier shoppers spent estimated 6.2 billion on black friday and this cybermonday will go down in the books as the largest u.s. online shopping day of all time with a projected 7.9 billion dollars in purchases. that's according adobe analytics almost 20% increase from 2017 and starting this year, with shoppers in about half of the staitle may have noticed they're paying taxes on their cybermonday purchases because of that reason. supreme court ruling -- >> well the deals were pretty good. >> 50% off and free shipping see what that does to company margins come reporting are time but tracee thank you very much. cheryl: as shoppers we're

spending billions of dollars on cybermonday u.s. stocks actually rebounded yesterday and that rally helped dow and s&p cut their losses. for the the year -- but was yesterday's spike just a one day affair let's bring in mark avalon president phoner of wealth advisors that's the question with was this really a oneoff yesterday was it a relief rally whatever you want to call it a snap tax? >> i think it is a continuation what have we're going to see and what we have seen which is volatility. volatility goes both ways that surprises on upsides and shocks on downside. i don't see a clear picture here. we have two huge cross currents on one hand we have some of the news that we just heard about this superstrong consumer great wage increases, low unemployment, and strong corporate profits. but on the other hand we have the specter of a hawkish fed uncertainty global outlook between slowing overseas growth and tariff an trade talk when you mix those two you do get uncertainty so what we're looking for is a little more clarity, and if we get it from

either of the fed, or from the china trade talks i think that market can move higher but we need a catalyst at this point to give us that clarity. >> what do you expect? you're looking at the same reports we are. there have been some reports out of china, chinese state media that they're actually have been conversations between two leaders maybe that was going to lead to framework if nothing else that g20 maybe the two countries decide to open up formal talks but we did have lead negotiator for china actually not come to the u.s., and he went ahead went to germany does that worry you about where we're going with all of this? >> there's posturing a lot of puffery positioning themselveses to a deal to both take home. chinese doesn't want to lose face and the forgotten middle class in middle of the country. >> even though it looks like china economy is slowing with with some of the administration that is said openly they believe china will take a one percent

hit. >> what do they care in the long run they don't have election cycle they're thinking long tomorrow they have a vision that goes out decades for chinese dominance an they won't change that because our president who has two years left in office is taking them head-on. we need to find something in the middle. we to be diplomat because china beat down of china is not beginning to happen. >> also too president gave this interview to the wall street journal in it he talked about very clear, he said we've used a small portion of what we have to use because i have a billion to go if i want that's everything, remember let's say 80% of consumer goods are made in china that shirt you're wearing possibly i don't know. but you know most of the things we're wearing on our bodies, shoe we're wearing all from china that's a tax on u.s. consumer. >> yes, other tactics china has

other than tariffs not like they're going to say we don't have anymore things to put tariffs on so we give up they can slow down u.s. corporate development there. look at the impact on overseas economy, with why emerging markets are down. this has a ripple efnght it is not just for the u.s. and we really want to see some clarity coming out of these talks. >> mark, you do strike me as italian suit guy i want to throw that out there. mark thank you very much for being here. good to have you, sir. i was thinking same thing check this out minutes after touchings down on mars nasa inrover had a snapshot of the red planet safely land on planet of a six month journey now because of the distance between earth and mars, it took eight minutes to confirm the arifle. it was the 8th time that nasa managed to land a craft safe lis on mars an dig down to measure the internal heat and monitor seismic waves.

exciting. all right well this is exciting we have a quick programming note for all of you coming up this morning on morningses with maria education secretary betsy delaware vas will join maria for exclusive interview. and of course she's going to discuss what she's warning as a -- crisis in higher education. that interview starting at 8:20 a.m. eastern time today don't miss. don't go anywhere because futures are looking decent. nope actually they just pulled back we have a strong rally yesterday, and we don't have any buying this morning dow is down 2 points for the nasdaq and futures down 14. well, still ahead president trump railing against democrats with a clear message to those tries to cross the border illegally. >> democrats have become the party of caravans and crimes. we're sending clear message to the caravans and to trespassers turn around, go back home. live in tijuana for alarming new details on the caravan at our nation's store step. and she compared migrant caravan to the holocaust now senator

lindsey graham is giving xangd ya cortez a well needed history lesson. you're watching fbn:am. i am not for colds. i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. and all thro' the house. 'twas the night before christmas, not a creature was stirring, but everywhere else... there are chefs, bakers and food order takers.

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and then a stroke. narrator: this is what high blood pressure looks like. you might not feel its symptoms, but the results from a heart attack or stroke are far from invisible or silent. my memory is shot. when i woke up, i couldn't speak. i can't button up a shirt. i can't run. i've had to learn to swallow again. that's the only movements that i have. and i'm 33 so i never saw this coming. if i would've followed a treatment plan, i would not be in this situation. had i done this, had i done that. hell i messed up. narrator: get back on your plan. or talk with your doctor to create an exercise, diet and medication plan that works for you. go to loweryourhbp.org head to toe, everything's changed. head to toe. >> president trump now calling democrats the party of caravans and crime.

that explosionive claim comes as with learn migrant caravan at nation doorstep includes 600 known criminals. >> griff jenenings in tijuana with new details we're finding out right now. griff, good morning. reporter: cheryl, and lauren good morning. we are in tijuana just outside this sports complex just along the border. where the the largest amount of migrants are being held you can see a few sleeping on outside here but i want to show you after 2 a.m. here come and take a look this is where there's this many 7,000 migrants inside here in tents. camp sleeping at the night. the big news we got last night came from secretary neil son dhs telling us she believe there's upwards of 8500 migrant along this border about 7,000 are here they believe, now they're 15,000 to 2,000 miles away and numbers

90% are not eligible for asylum as well as information that there are many as 600 criminals people with criminal history in this actual caravan. now, yesterday mississippi president president trump had a stern message for my grants here's what he had to say. >> we're sending clear message to caravans and to trespassers turn around go back home. and they want approximate. approximate because their country is such a bad place but they've wave flags of their countries as they walk up somehow that doesn't work right, doesn't works. >> just a quick look here too. cheryl, lauren you see just in the distance is that is part of the mexico u.s. fencing and along there we saw on sunday that tears gas used by border patrol officials mexican officials now with a diplomatic letter asking for actual investigation of sorts. as to why that nonleelgt tear

gas was used. >> president also threatening to close the entire border. if necessary -- griff jen kins thank you very much. >> on this big rally yesterday we're flat right now. the dow down 11 s&p down 2 and three quarters nasdaq down 3 and quarter. remember when elon musk said he doesn't recommend anyone work long hours to meet production goals? >> no one should -- put this many hours into work. this is not good. should not work with as hard and should not do this. very painful. well maybe not that painful just 24 hour later mufng is well changing a tune. and christmas comes early for some bank of america customers. we're going to explain when we return. could change. fbn:am.

all rightlet get you caught up on what's happening right now futures hugging line after a monster rally dow down 8 s&p down 2 nasdaq down 17. robert mueller is accusing former or trump campaign chairman paul manafort of breaching plea groament and manafort lied to fbi after pleading guilty to conspiring against the u.s. and of objection of justice manafort denies mueller claims. senator lindsey graham slamming new york democratic congresswoman elect alexandria cortez to jew fleeing nazi germany. this is what she tweeted asking to be considered a refugee, and

applying for status isn't a crime it wasn't for jewish families fleeing germany. graham firing back, quote, i recommend she take a tour of the holocaust museum in d.c. might help herbert understand differences between holocaust and the the caravan in tijuana. the fda now says that only romaine lettuce from parts of california is unsafe to eat a multistate outbreak e. coli traced back to central coast, the fda says outbreak sickened 43 people in 12 states plus 22 more in canada. and get this christmas comes early in texas after a malfunctioning bank of america atm accidentally did i sends 11 dollar bill instead of ten to customers. a crowd rushed to bank in houston as word began to spread. [laughter] all of those lucky customers they get to keep the cash in time for the the holidays. our bad all for you. good pr bank of america. [laughter] they'll take it.

>> well now this a major wirntd storm crippling travel across country as millions try to still get home from holidays more than 4700 flights canceled or or delayed from the e snow is that blasted the midwest then to the the northeast torrential rain causing major flooding in downtown philadelphia. look at these pictures. that is a lot of weather and fox team janice dean is live in weather center tracking the very is latest for us. hey, janes in. >> lady yeah it was a crazy day yesterday across midwest now that system move across the northeast almost out of the way. but the cooler air is in place with single digit windchills across portion of the northern plains. here's what's left of the storm so lake effect snow today, across the interior northeast and new england just this low is lingering, and it is beginning to give the potential for more snow wisconsin weather more rainy weather along coast especially for new england and great lakes with that lake effect snow machine cranking up today. here's your additional

precipitation we could see anywhere from 6 to 12 inches in those areas i just mentioned here's our next weather maker several is ises moving into the webcast bringing heavy rain and mountain snow, and this will move across the central u.s. on thursday. bringing potential for not only a potential snowstorm. but more severe weather for the south. so we will keep you posted here all week ladies. >> a busy week janice dean thank you. >> futures turn around dow is down one point s&p down 2 and nasdaq down 19. still is ahead president trump firing back at general motors for its plans to cut costs and close plants. >> you know country has done a lot for general motors you better get back in there soon. soon economy might not be happy about about what it means for those in the midwest. diction.com releases its wofortd year and yeah it has a connection to this guy.

>> i don't know -- [laughter]

>> i don't blame china and i don't blame these other countries. i blame the leaders of the united states that allows this to happen. just days ahead of a crucial meeting on trade with china, the president doubles down onen plays to boost tariffs to 25% on 200 billion of chinese imports. markets retailers leading rally on record-breaking cyberdeals futures, though, today pretty flat. dow down 2 s&p down three and quarter nasdaq down three and three quarters. european equities open to downside still done and london down 10 points. mixed picture in asia stocks lower in china and hong kong but stocks in japan and south korea tire. smg elon musk said he wouldn't so hard but expecting his employees to grind out long hours.

fbn:am continueses right now. coming up on 5:30 in the morning in new york it is tuesday november 27th thank you for starting your day with us i'm lauren simonetti. >> good morning everybody. i'm cheryl casone. >> so general motors is planning to several north american plants and slash thousands of jobs that played well with investors sending gm stock up. almost 5% yesterday. but president trump blasting ceo for the decision nine years after a multibillion dollar autoindustry bailout. >> don't like it i believe they'll be opening up something else and i was very tough tip spoke with her when i heard they were closing -- and i said you know this country has done a lot for general motors you better get back in there soon that's ohio. bring in tim of the wall street swrowrnl to respond tim do you see gm and mary barra bending to

political pressure here? >> one of the big challenges for mary barra is u.s. new car market doesn't favor small cars. that lord town ohio factory that received that money from the u.s. government really became the poster child for the the obama administration bailout. it was running at 3 shifts just few years ago basically 24/7 now it is down to one shift. one shift factory really is not something that's sustainable and gm is looking at ways that it can basically get out of the small car market here in the state. so this is interesting she's actually doing what she's supposed to do showing discipline and trying to get out of unprofitable situation for the company. so she's getting pushback for that do you see them putting another car at those plants that cher shutting down and shift production anywhere? smtion well history would show that when a company like gm says that they're going to take one of these plants down they don't

tend to come back. with a new product but they have to negotiate with uaw and with jobs and whatnot. challenge with gm right now is that they -- basically need to come up with money for the development of electric vehicles the way that most think that automarket is going in the next generation here to be prepared for this seismic change. and you've got these cars that people don't really want they want suvs. really gm doubling down on the suv market here in the state something that ford and chrysler have been also doing. want pulling up numbers so first nine months vehicles that general motors is discontinuing. together, they don't even have half of the sales of the silverado because you have our preferences have shifted other thing impactings industry tim is steel an aluminum tariff so a double whamny for midwest of loss of manufacturing jobs and higher tariff and traitd.

>> absolutely. you have to remember during the obama administration his reelection, ohio played a big part that the message that he ran on was essential lily that he saved gm and killed osama bin laden and it was -- resonated and then trump then ran in ohio again on saving jobs having jobs in those communities so this will likely kind of hang over general motors for another couple of years no matter what happens. >> lastly tim do you think this is an issue also for ford and chrysler? >> they're facing the similar kind of issues that we're see in market the way they go. that -- that's series of pickup is profitability for ford, they've been moving away from cars here in the states. chrysler did it few years ago getting rid of the small car here for the u.s. >> tim thank you for your insight this morning. >> yeah, with let's stay on this announcement from gm, you know, unexpected deviation otherwise strong economy it seems consumer

spending confidence is strong cybermpped a big hit. right -- but does gm plant close at the good times are about to run out of gas for markets even for the the economy bring in max pungdz and what do you think johannes is there a sign we need to pay big attention to? >> i think that gm problems are a sign that economy is slowing down, in fact, if you really think about this like -- it is old problem that would taste change and they don't want to be on wrong side of it large suv in some cases that led gm into bankruptcy if it was the the tariffs for example, with on steel where are people buying trucks that we just said with more steel in them like ford f-150 versus sedans they don't want to buy people don't want to look like a über driver that's not cool with a four door sedan because of über and second you don't want to look like über driver so prefer what they don't drive so tesla sell very well and their sucking up sales from are the high pend european market to get a cool sedan but a

lame sedan is is not a cool car anymore so not a problem with whole economy and frankly jim is trying to stay ahead of the problem that led them into bankruptcy before and problem that ford is facing in a much higher level right now man who got to clear a lot of debt that ford didn't so i don't think it is a sunday -- toncht your point which i agree with jay johannes look what oil and gas prices is doing so still hicksly low what happens with opec but gas prices are lower that makes you want to have more fun unemployment exactly. but you know thr another story out there, and it's about housing, and there's a piece in wall street journal in particular they used dallas texas market as a sign that the house market is really slowing. interest rates are going up lumber prices are highser again that's a tariff trade story. what about the housing side of the economy? it is important are you worried about that piece right now? >> this is a little closer to what's going on in the economy. and i will say that interest

rates were going up too fast for housing market to handle and seeing sign of that right now and that could have caused a serious economic problem if we have another 1% jump weans from current 5%. the city market housing market informs a huge bubble supported largely by low front interest rate financing from 6.5 emergencies to low force threes in some cases. now, there was a lot of strong economies in america in last ten years a tech area, the end of booming energy sector those markets didn't need those low rates to support prices but waif a national interest rates are national. so what happened is those markets got way too hot because of the lower rates like as you know stock market business school with low rates too, and those markets are going to have problems when rates go up because they were built on -- overpumped up by rates with unemployment so now you see is the effects that it could be very dangerous especially if rates keep going higher which luckily in recent days it seems to have slowed down around 3

between 3 and 37.15 i don't think we're going way over 5% in 30 year that should stop a crisis. but to point about taxes that's an energy -- you know dependent state in so if you have oil and under pressure, and production slows domestic production has another hit to that specific pocket in the economy that was a good point. >> they were building a lot of like mcmansion style developments in those areas, those and they're not cool anymore like don't want to live no houseses like that. >> don't tell me brother that. good to have you here. [laughter] >> well cvs and etna one step closer to closing deal. tracee carrasco has that story and other headlines making news this morning. good morning, tracee. >> according to a government filing cvs health acquisition of health ensure etna expected to close tomorrow after the two received final regulatory approval from state agencies.

deal want justice approval back in october cvs up 7% year it date etna up 16% so year to date. >> so much consolidation talk about elon musk with commentary on company work schedule had is kind of contradicting his own. [laughter] >> when scdz on twitter what's the correct number of hour it is in a -- week to work to change world elon musk responded, vary per person but peaking above 100 at times feign level increased exponentially above 80 tesla take note and musk tweeted there are way easier places to work but nobody ever changed the world on 40 hour a week. but in an interview with over the weekend musk had a very different tune. listen. >> 22 hours a day how many to answer? 7 days week -- sleeping on a train -- worked in the shop, body shop,

ever worry with about yourself imploding too much? >> absolutely. nobody should put this many hours into work. not good. >> interesting. tesla as a previously been accused of pushing its factory works to keep up with the production schedule. he seems like he have regretted working too much hear dictionary.com is out with word of 201. dictionary.com has chosen its 2018 word of the year chosen word misinformation. according to the site it is defined as, quote, false information that is spread regardless of whether there is intent to mislead. dictionary.com directly mentioned president trump social media sites and conspiracy theories in its announcement of the word, the other contenders representation, and backlash. >> good words tracee carrasco, thank you very much. >> all right, well coming up in

"monday night football." the houston texans dedicate their efforts to the team founder, the late bob mcmare who passed away. nba james shoots lights out and sets scoring record. you're watching fbn:am. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. as one of the nation's largest investors in infrastructure, we don't just help power the american dream, we're part of it. this is our era. this is america's energy era. nextera energy.

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welcome back "monday night football" in houston texans honor team powngtder late bob mcnair in true texas fashion. and jared max is here with with that story. >> texans last night honoring man who brought the nfl back to houston in 2002. fittingly last night game against the former houston oilers. who the texans sent back to tennessee 34-17 losers, the texans scored 27 straight point. lamar miller look at this 97-yard touchdown. longest in the nfl since lamar miller did it four years ago from miami. houston win eight after starting 0-3 head coach bill o'broin after the the game. >> we have a great man own this team founded this team. bob mcnair passed away in that game right there, that is houston texans football right there and that was for bob mcnair. [applause] bob mcnair top of the south division, cincinnati bengals quarterback is done for the year

reportedly tore cartilage in his thumb and turn to driscoll and jaguars for cody kessler. one star is scored 54 and lost another 49 and won. james harden 54 for rockets but hardin could also have 11 turnovers. houston lost in ot to wizards. kevin follows 44 point game with 49 last night. and warriors win by 6. all right do you ever cat out of bag before accidentally at a press conference in catcher brian back with atlanta braves did so yesterday. >> allows a team to go you know get a -- [inaudible conversations] i don't know if i'm supposed to say that. i just read it on twitter. [laughter] >> he broke news yes braves do sign slugger josh donaldson to one-year contract. oops. i guess he did. good to know they're check out latest news oz they're walking

in. >> catch sports reports 24/7 siriusxm channel 115. >> keep it right here because let's show you market activity big rally yesterday futures down and nasdaq down 25 dow down 22. polls in mississippi opening this hour from prump raises stakes in runoff election there. >> voters will cast their ballots at one of the most important senate elections of your lives . >> we're taking a look at what is at stake and what it means for senate and republicans get back to work to unveil a new giant tax cut package but can it fly? you're watching fbn:am. ♪ ♪

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welcome backlet get you caught up on what's happening after the big rally futures are flat this morning down 22 on the dow premarket. s&p down three and quarter nasdaq down 25 and three quarters right now. well house republicans have released a giant new tax package which would be voted on thursday as they hope to move bill during current lame duck session of congress. the bill would revive expired tax provisions and address glitches in tax cuts in jobs act. in thes o'rourke will not rule out a presidential run in 2020 contradicts earlier to pursue white house regardless of the outcome of this senate campaign in texas. o'rourke lost a senate bid to senator ted cruz this mobt. and terrifying video out of china a 13 tall billboard falling on top of bystanders four people were injured that's

happening right now. ouch. and politics mississippi votessers deciding the last senate race are of the midterm elections today, they're choosing between republican cindy smith and democrat mike and former george w. bush and law and policy managing partner and pluralism project founder and a democrat strategist gentlemen, good morning. >> how are you lauren so michael cindy made sol pretty -- well some are considering them racially charged remark but certainly controversial. she is receiving backlash that the question is, can she get passed this or is electing her in a special election today -- a reputational risk for mississippi? >> i don't think so. this is not a situation like we saw in alabama almost a year ago. where this is a candidate like roy moore cindy hide smith made some misstatements that might have been based on perhaps ignorance or maybe everyone as little as you know some sort of lack of consideration.

but it wasn't ill will and she's apologized we have to bear in mind that 57% of voters in general election three weeks ago voted for a republican and this is a runoff i don't think there's any chance or anyone credible saying she will win and to continue in this seat. >> democrat mike is the underdog here. but he is the first candidate that i'm aware of that what had to battle two donald trump rallies in one day. in his state, do you think that the trump effect will make a difference here? >> i'm not sure it really matters especially when donald trump is talking about some like elvis when he was younger that came out of nowhere but i think real story remains that democrats get 39 seats in the house possibly 40 with the story about not confirmed as far as i know. and i think that's going to be the big theme for next wrier is that democrats picked up more seats in the house than they did during wake of water gate what does that say about senate not too much. if the republicanses hold on to the senate seat in mississippi,

it's not much of a surprise to anybody. but it does, you know, it does speak a lot about mississippi that a woman who dressed up as a confederate soldier made questionable comments is being reelected out there it wasn't do much for their reputation overall. >> that's attributing ill will that doesn't exist. but -- no. she made reference it wasn't she didn't use l word but made reference to you know, a bad sort of scenario that she would go to watch on behalf of this other kangt but she was not necessarily -- being racist she was not -- try aring to get involved in racial politics and again we've got -- political meaning -- but racial politics when you talk about old south. >> my first question was is this reputational risk and what we see some republicans -- in the deep south maybe vote with the democrats but michael you explain to us that mississippi is a different situation. than what happened in alabama when democrat doug jones did win

there but seemed tom that you think cindy is going to win and that increases the republican majority in the senate to 53 that certainly helps michael with -- confirming more judges with more deregulation. with more decisions that need to be made. she is a clone of president trump. >> well, i don't know that necessarily that or possibly so she was a democrat until 2010 but how is it said about this being such a big deal for democrats you have to bear in mind that democrats lost a lot of seats after -- barack obama passed the affordable care act. back in 2010 so this is not as big a blue wave as democrats would like us to believe. chtion still talk about barack obama and two years into donald trump term. >> what we're talking about is this is not a big blue wave as red wave that existed at that time so fact that the -- republicans have actually increased -- >> that's a good way to put it. increased their majority in the senate i think evens that out indicates that we're not at a

point where you can say that this is necessarily something that -- dictates it that we're heading in one direction versus other politically i think we still have at a point where there's a lot of undecided voters and there's a lot still to be determined over next two years. >> final words here. people house has gone the way of the people and go democrats donald trump is looking foolish talking about elvis and you have a senate republican who dressed up as confederate soldier beyond anyone understanding. as far as i can tell the republican party is in crisis here. it is a red white and blue win for all of fuss detroitism all of the way. democrats take back white house in two years more than likely. >> all right michael, thank you gentlemen for your -- >> good morning. >> for your discussion today. >> well, coming up his name is not elvis but donald trump. he says that theresa may's brexit plan would hurt with the u.k. we'll explain it. symptoms... (a)

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>> i think we have to take a look at seriously whether or not the u.k. is allowed to trade because you know, right now, if you look at the deal they may not the be able to trade with us. and that would not be a good thing i don't think they meant that. president trump putting himent in line of doubters about the brexit plan between the eu and britain to comments complicate british prime theresa may efforo

sell plan to skeptical parliament let's bring in joshua from london a market analyst with with ig group joshua looking all about parliament what are chances that she can get this through? a vote and that i believe that is december 11th, correct? >> yeah. it is. i mean, it's seeming a little bit more difficult as question go and we thought by this point in time this would start changing towards if she was tiebl push it through parliament as it stands difficult necessary to know how many saw and saw labor they said pretty much that party as a whole was going to vote against it. but when it comes down to it you might see different members and seen it start to reach out to different labor members and try to support for it across board but certainly as it stands it is pretty likely that we might get this bill rejected. >> so theresa may has long said that a new trade deal between the u.s. and great britain would be one of the payoffses --

britain leaving the european union is that -- that can't still be selling point right now, is it? >> yeah. iwhat's interesting about that you played was fact that you know, what donald trump was saying that is that u.k. can't trade essentially with u.s. certainly we'll be able to trade and trade as we do at the moment because we're still within the the custom union. but yeah, this selling point in the past was about new deals we can put together but as it stand it looks like, you know, 18 months down line we won't have had this trade deal put in place and therefore we can't get out of it unless eu say so-so we're in a position where we can't tell any potential trade partners when such a deal might actually come into play so why would it make sense for u.s. or os austria to put energy and efforts to put in a trade deal with u.k. to be five or six years until that is enacted so certainly it mattered --

hind ability to put deals together and that's one of the major selling points for brexit in first place certainly we're losing aft support for this from a number of different sides including on conservative side. >> she's meeting with business leaders there to try to get a plan through parliament sew if their voices add traction. thanks for being with us out of london we appreciate it. >> all right with that we'll going to say good morning to maria morning with maria starts right now. >> thank you very much. happy tuesday everybody thanks for joining us i'm maria bartiromo and it is tuesday november 27th. your top stories just before 6 a.m. on east coast. general motors driving new direction, the company closing plans and lay off thousands of workers, the announcement drawing fire from trump and call mary bharara about the news. >> i was very tough i spoke with where when i heard they were closing i said this country has done it a lot for general motors we have a lot of pressure on

them. >> the the layoffs could be a warning on health of the economy we're paying a closer look there, coming up. a new trade threat for china, president trump expecting to move forward with round of tariffs on itemses to include iphones that stock is under pressure as a result all of that comes days before his meeting with chinese president xi jinping apple shares down almost 2%. the news has markets on edge this morning after that big rally yesterday take a look at markets fractional losses down 20 points right now s&p 500 down 5, and nasdaq down ab third of a percent e lower on nasdaq where it performer. markets were led higher by retail easer strong start to holiday shopping season. dow industrials up 354 at the close yesterday one and a half percent. nasdaq with a gain of 143 point better than 2% higher on nasdaq. yesterday at the close, let's talk global action this morning, in european