candidates, only 9 of them survived. tomorrow we hope you will be democrats forget another solution. investors are waiting right now. the statement on interest rates coming out later today. could that rattle the markets. >> the doubt is substantially higher. s&p is up 18 and a quarter.

it's opening slightly higher. the drama in britain continues. it's also in the grade. in stocks in asia mixed performance. down more than 1%. and a new bombshell report on facebook. it to the company's share your. fbn:am starts right now. lauren: it's 5:01 in new york. good morning everybody. we will get to that in just a second. the new developments overnight over the border crisis. the fight on funding could be

pushed to february. so that appropriations chairman said they are now preparing to advance the contending resolution. to fund the government through early february. >> i wish we would find it all. i do believe the president wants to shut the government down. this comes after they signal some flexibility on the demand for $5 billion to build a border wall. they proposed $1.6 billion for border sensing. and then an additional $1 billion that present trump could use on the border to see fit. they have rejected that offer. washington and beijing held up phone call about trade issues last night.

they have not provided any new details. the chain chinese importers have returned to the market yesterday for the second round of soy purchases since president trump reached that ninety-day truce. wall street is watching washington today. they are expected to raise interest rates for the fourth time this year. for the central bank to hit the pause button. ahead of today's decision. the president ticketed twitter on tuesday. i hope the people will read at the wall street journal editorial before they make get another s mistake. don't let that market become any more liquid than it already is. feel the market just don't go by me needless numbers.

he ends by writing good luck. the president is simply just speaking his mind. >> is he genuinely worried. if there is a rake height the economy well slow down. he is within his right to do so. i think that's one of the reasons people like him. he has been very clear about what his position is. the fed is an independent agency. that doesn't take away the rights to take that opinion on a particular manner. they will be headed to dallas next month. along with members of the administration to attend the world economic forum. >> we also are can have a complete coverage and analysis of the decision that is can be at 2:00 p.m. eastern time today followed by the news conference.

i'm an essay this is going to be the most watched of the year. >> they are slashing the 2019 guidance on weakness in europe. fedex will eliminate thousands of u.s. jobs. take a look at shares. as a tumbled 6% in after-hours trading. we are where watching this morning. how will the markets react to the final interest rates decisions of the year. we should start with the statement what do you think it's good to be the most important thing in that statement. >> the future rate increases it been completely dependent

on inflation picking up. i don't really expect them like this is the hottest economy in the world. and we have to get ahead of the booming inflation by raising rates. it was never really like that anyway. there has been some criticism it's a little too aggressive. you seem like it's a lot lower after yesterday. i head of a decision normally markets are pretty tepid head of these days. and we are seeing something different today. what do you make of that. there is a very small chance that we are not going to get our interest rates increased today. that would be a major boom to the stock market right now. as can be very clear that is it. i think the markets are now betting on a very dovish scenario.

going to 2.5. it's a very flat yield curve. i don't think they want to do that. we just some major money coming out of the mutual fund business. that's never happened before. they are very scared. that's what the mentality is right now. they don't want to feed that a fee that like they're acting like that. >> to your point now we head at least one rate hike priced in. they had scaled back on that. i want to ask you about the balance sheet. i think that's also it's something that the art tweeting at. that is something that we need to hear more about today. do you think they are going to

is referring to all of the trillions of dollars that work created out of the last major crash. it looks like that is also becoming a drag on the market. it could slow that natural roll down to either nothing or maybe 20 to the president's term. the fact that they have this much money as maybe they will address this. even if they were a light on raising rates. they could always make 200 of them go away. and that would may be make be a major inflation killer. they have more potential. just the natural roll of it is causing problems at this point.

it's always out wait-and-see moment. >> people come out of stock funds is a good buy in season. buy in season. 60% of the joint venture. they will own the remaining 32 percent. they break itself and into cut -- companies. we are looking at shares of both companies. i've just about 7%. it goes longer together. it was the year of healthcare. it's probably not facebook's year. they're giving them access to data including private messages.

according to the new york times they gave 150 companies access to private user data. they get the name and contact information through my friend. the director of privacy and public policy. the partnerships do not violate their users privacy facebook. it is lower in the premarket. the solution to traffic. they unveil the newly finished mild long tunnel.

the destroying traffic in los angeles. the tenant which started as a joke turns into an experiment with underground transportation technology. they've a long way to go though from being used as a high-speed subterranean network. space x is reportedly looking to raise $500 million. experian has announced that it will start factoring in other payment history into some

consumer reports early next year. consumers will be able to opt into the experian boost program by allowing it to trap their payments. no credit score well soon have fun with this change. >> we have said news it to bring you guys. tributes pulling in for penny marshall. she went on to become a brown -- a groundbreaking director. gross more than a hundred million dollars.

man did we laugh a lot. wish we still could. she was born with a great gift. i will miss her. the futures are features are building on the uptick yesterday. you can see futures are sharply higher this morning. it's up about 200 points here. it still head. when then president obama said this about the e-mail server. >> i think i think it was a mistake that she acknowledged. it's not a situation in which the national security was in danger. they can give congress a straight answer.

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>> welcome back let's get you cut up on what's happening now. futures to the upside this morning. they are expected to vote on it this week before it heads to president trump's desk. this will keep our community safer and provide a second chance to those who earn it. in addition to everything else. billions of dollars will be saved. i look for to signing this into law. the donald j trump foundation.

they allege that the foundation was used. the foundation's lawyers said the charity was already planning to dissolve. let's take a look at shares. they are citing just about 15%. it was a disappointing debut. what the company's reliance. the controversial chinese supplier -- supplier. as flurry of pretty funny tweets that we want to bring to you. the other millenials may be leaving avocado toast out for santa. so as not to offend your guest she suggests offering them an organic gingerbread figure.

genderless. they should be gluten-free as well. they should be gluten-free as well. a powerful tornado ripping through washington state. >> this was a big story lessening one of the strongest tornadoes they had have in washington state for decades. around the seattle area. we think you have to. we will see today when the national weather service goes out and examines the area and determines whether or not it was an ef to or perhaps even stronger. some of the energy across the northwest is going to make the next storm system is going to bring snow across the rockies. on heavy rain along the gulf coast. all the way up to the northeast. starting on thursday into friday. so travel delays will be imminent along the east coast. quiet across a central u.s. watching the showers and thunderstorms across the off coast. so very active across the northwest until this weekend.

let's take a look at futures. it is fed day. the big decision 2:00 p.m. eastern time. it's now up over 200 points in the pre- markets. coming up tomorrow it is the busiest travel day of the year. with more than one third of americans expected to have to their holiday destinations. you might want to hit the road and set up the skies. if you're heading to the airport and need emotional support to get you through the chaos, forget the peacock popeye's popeyes chicken has you covered. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you?

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a capitol hill grilling we are now getting a look at the transcripts from james comey and the second closed-door meeting with lawmakers. with more on how all of this went down. it was exciting. it was indeed. the exchanges within the transcript. look at this. when congressman meadows ask about that dirty dossier which

is the basis and then by democrats up posed to trump. and part of your investigation. it really didn't matter if you were starting with at work. who cares. it was republicans opposed to trump. and then there was this. he was grilling him over the clinton e-mails. asking if he and president obama who was aware of the e-mails ever discuss them. president obama set apart e-mail arrangement. i don't think it up oppose that. >> i can't answer that question. he also said this is not a situation in which the national security was endangered how i would have known that at the time.

same answer. i can't answer that for him. >> they are still calling this all a big waste of time. but republicans say this proves that he wasn't a fair arbiter of justice. >> i've lost all objectivity. in part because i was one of the folks that was defending him two years ago when all of this stuff started to happen. >> i don't mind if he is a partisan but don't prepare to be of fair and impartial umpire. is the former attorney. it will testify behind closed doors today. we will see what that brings. live in washington. we want to be able to trust the law enforcement. there is some trade optimism going on in addition to what the fed said and does it later today. bloomberg reports. that they will organize a meeting for january. we have a nice upmarket. they continue to rally against the fed expected rate hike today.

>> it's a great idea to have more oversight of the fed. would be even better if the fed was not involved and powerful. and just when you thought the florida election drama was over get this. broward county back in the spotlight. the extreme way the supervisor is trying to get that job back that she resigned from. you're watching fbn:am. [music] the hard work you put into lowering your very high triglycerides with diet and exercise deserves the hard work that went into the science behind vascepa. prescription vascepa. vascepa, along with diet and exercise, has proven results in multiple clinical trials. vascepa looks different because it is different. over a decade of extensive research and development achieved proven results. that's the prescription power of vascepa.

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the federal reserve keeping interest rates below market. and also control of interest rates. i think there will be a correction. and what will they do today. i'll eyes on the fed as they prepare to hike interest rates. how is the market going to react this afternoon. we are waiting on that statement. we are also watching oil after falling over 7% yesterday in the contract down 40% from october. we had 4652. a slight gain this morning. not much. the markets opened a little while ago. look at that stocks in asia. kind of a mixed story over there. it was actually down over 1%. plus how one chicken chain is offering emotional support chickens for flyers.

fbn:am continues right now. >> we are coming up on 5:30 in the morning. it is wednesday the 19th of november. -- december. >> i'm talking about the market. we can call this the most closely watched the federal reserve meeting of 2018. as expected to hike interest rates again today. but how well that move if it happens. they do had cover for it not to happen. how does it affect the economy. let's bring in doug flynn. good morning guys. >> i want to start with you. the big picture here. if the fed does hike how does

that affect the economy. >> it's already baked into the market at that point. i think the big question is how do they wrapped us in. the impact comes 12 to 24 months later. how many hikes do you foresee in 2019. >> may be one. what signals are flashing for you right now. the russell 2000 and the small companies that we thought were immune to these trade problems. what was the biggest crack to you.

they have a tougher time going through the capital markets. it's picked up much more than 2017. the range is still below the normal range. were down about 5% not including dividends. that range was about 15% within. while this is still within the realm of normal it still feels a lot worse. because of all of the doom and gloom of that has been forecast. and all of the pending recession talk and all of that. but to craig's point. i think one or two hikes next year is well within as well within reason. >> have to fend off inflation and that's the big key that they are trying to control. >> we have a lower gas prices right now. where is the inflation. alan greenspan was on cnn he was talking up potentially seen stagflation but also signaling the end of the bull

market listen to this craig. >> it would be very surprising to see it stabilize here. and then take off again. but it has happened in the past however, at the end of that one run for cover. see mike what he make of. i think to his point if you see stocks take off from here and probably re- inflates the bubble a bubble that was created by such easy monetary policy both domestically and globally. the risks increase if you continue to see stocks run higher. to his point. would be concerned if we saw a big move higher. can you explain a little bit more. >> i think one of the risks in this economy is the fact that asset valuations have become so high as the fed did

quantitative easing. they stole the benefits of that. now that the tightening presumably there is a negative impact from that. >> that has two questions for you. how much lower it would prices go and then also are you more concerned about the tightening of the balance sheet than over expected interest rate increases. >> to meet the valuations is around 15 on the pe which is well below the 25 to 50 your norm. i think obviously you have a good run up. you hit some all-time highs next year. you do get a little bit more concerned with raising rates. the last 11 times they have risen they have also risen ten of those times because it is actually strengthening and not actually weakening. if they do it in a measured pace i think that is a language we are looking for. they just try to control inflation. i think you are gonna be fine. although it's next to the all-time high.

that is a time to relocate your assets. essentially the fed is driving seen a class right now. >> you for to get that salad -- sena class rally done. obviously oil is an inflation indicator. prices right now slightly higher we remain right now on this contract near the lowest levels in over a year. we lost 7.2 percent on oil yesterday. and there is also a lot more supply around the world. there is so much to talk about. are we now going into the cycle where we've got too much supply and too little demand because that seems to be the problem right now. >> that is the concern. if that happens obviously that is can apply a big hit on u.s. energy producers. with a report this week. they basically said u.s. oil

producers we are producing 11.6 million barrels of oil per day we should be producing 12 million barrels next year. that won't happen if we start seeing bankruptcies. the last time we saw price a crash like this in 2016 we saw a lot of pullback in the place and from that shall producers on the ground that i am talking to they are already starting to pull back. they're not waiting around to see if they go any higher or lower. >> that could be a problem for these companies. >> it is a problem. and the problem is that a lot of them are so leverage that when they have a pullback and in price it's very difficult for them to keep going. they have to borrow a lot of money. even in fact when oil prices were up the majority of shall oil producers were still spending more money to take oil out of the ground than they were getting back. >> it is worrisome is worrisome especially for american jobs.

you have slowdowns in the house. give a slowdown in the auto sector. that seems to be another drag on oil. and then also the big? i've russia. they are producing i think 11 million 11 and half million barrels per day. >> i think they are trying to keep up with us. that did raise some concerns in the market yesterday. it was supposed to be coming back on production to join into the production cuts. they were supposed to cut back by 400 thousand barrels. in russia it's not like saudi arabia where they can flip a switch and take off production. a lot of their fields are in very cold areas. it takes time to shut down. they are counting on oil to get back up to 80 this year. good luck with that. >> the forecast on gas prices next year.

>> it looks like right now were about 237 i gallon. we are probably gonna fall another 15 cents. still, think you very much. it's good to see you. those with cars will be very happy to hear this. another ipo debut. we have that story. it was facebook in the ge the two worst companies of the year. general electric has reportedly filed an initial public offering of its healthcare unit going forward with plans to spin off its second most profitable business online. ge said it is said to be working with goldman sachs. the bank of america. on the listing. a public filing is expected next spring. general electric is down nearly 60% this year. >> not their gear.

it is getting modern with grocery delivery. they have officially ruled out -- rolled out their driverless cars to deliver groceries. within about a mile of what to the arizona supermarket they have a note seat sport steering wheel. they just placed an order on their smart phone or laptop they get a text message when their groceries are on the way. another method well alert them when that delivery is curved -- curb side. and then they open up the doors look at it. >> advocates fun. i don't know if this is cool. popeyes is offering an emotional support meal is offering flyers comfort and reassurance in the air with its emotional support chicken. for a limited time starting today travelers in terminal c at philadelphia international airport can purchase a fried chicken meal. in a thick chicken themed box.

i love it. it's very cool. thank you very much. >> let's take a look at futures this morning. and what is interesting as we are really jumping higher ahead of the big decision how bullish our investors and expecting this rate hike. but they're looking for more and looks like. meanwhile democrats rejecting a new proposal to keep the government open. >> we cannot accept the offer they made. it is a very wrong immigration policy. do they actually want to shut down the government. and president trump can't get $5 billion for a border wall but the u.s. is now pledging $10 billion to help the mexican and central american economies what gives. you're watching fbn a.m. [music]

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>> of the friday deadline for the partial shutdown approaches. they are preparing to advance a continuing resolution. this comes after democrats rejected the republicans offer yesterday. the senate gop proposed the $1.6 billion for border fencing. and then an additional $1 billion that the president can use on the border. it didn't go over so well. the strategist. joins us now. what is the issue for democrats reluctance to compromise here.

>> for all of the democrats talk about border security. it is really a dodge. what they do not want to see is a physical barrier on the southern border beyond that 700 miles of fencing we already had. there are two schools of thought on it. to actually open their open border policy. they voted for a fence on the southern border. we actually had a set of fences on the border. now they have just made this a litmus test. as you noted in as we had been noting every morning they have approved money for walls and security in the past. where they're doing it out of spite or the party is moving further to the left. if you ask them. they do want border security. as you look towards 2020 what can the democrats do. how can they message to say we want to secure the border and fix illegal immigration. >> i don't think they actually want to secure the border.

and fix illegal immigration. they like the issue politically. but what i will say is if anything over the thanksgiving proved to us. when the central american migrants brushed the southern border. is that it is not secured. and having it open border is terrible. not only does it cost billions of dollars each year for the u.s. it cost us jobs and unnecessary crime. i don't know how the democrats are getting away with this. >> of the problem for the republicans as they need the pictures. they need to bring this into the living room of every american so they understand exactly how problematic this is. the on the states of texas that is who is seen this. i wonder if the gop is stronger now or when there is a new congress and they lose control of the house. here's the deal. i don't know how you're ever gonna get nancy pelosi to actually pass border wall funding.

>> it's more than just the dreamers. whenever we talk about comprehensive immigration reform. the democrats always talk of a amnesty and dr.. what they never won talk about is border security. we saw this in the 1980s. in a 2006. an ongoing theme. they have to stick their foot in the sand and say look, we have to border security before we actually make those folks legitimate citizens. >> the democrats are saying loud and clear that they do not want to build a concrete wall but we are not brick building a concrete wall. you can easily see through. does this message or the willingness to compromise hurt the support among his base. >> the bottom line is the democrats are against it. and that is what the republicans have to exploit. they have to show to show that the democrats are more concerned about illegal immigrants and migrants than

they are about their own citizens. it's really all about national security and protecting all those who are here. let's get to be a big christmas for you today. right now futures are higher. this is ahead of the decision today. will, a federal judge has postponed michael flynn's sentencing. it was a blistering review and report -- rebuke in the courtroom. what is next for him. and who are the richest celebrities in america we can tell you that kim kardashian did not make the cut.

let's get you caught up on what's happening now. optimism on trade. it's helping to spark a 201-point rally. and a 21-point gain for the s&p today. it's pledging more than $10 million in aid. in an effort to keep migrants away from the border. it will be a combination of public and private investment

to sip port the better the department of health and human services making changes to background checks that may lead to the release of thousand migrant children being held in u.s. custody. hss has found the extra screening is unnecessary and leads to delays. brenda snipes suing florida governor rick scott to try to get her old job back. she's claiming that that the decision to suspend her from her post was politically motivated. with tight races. they lost 2000 votes during a hand recount. they also missed deadlines. she later rescinded that. the list of the richest celebrities of the year. a number one. george lucas at star wars creator. oprah winfrey.

number four. michael jordan. his net worth $1.7 billion. and not kim kardashian. but kylie jenner and jay-z sharing the fifth spot. >> michael flynn did not make it. he dodged jail time. he may not be delaying this forever. they blasted the national security adviser for his crime. he could still be sent away despite recommendations for predation -- probation. what happened yesterday and what does this all mean for the president and for the trump associates. let's bring in the former prosecutor. >> was he pushing him to cooperate more with the government. at one point he sound like he was accusing him of treason what was going on with this judge yesterday?

>> first, this judge did not take the plea. he wasn't there to make sure that he was accepting responsibility and that was one of the huge issues because in the defense memorandum where they are arguing for no jail. they point out the circumstances of the play. about mccabe not telling him he needed a lawyer. in about not telling him that it's illegal to lie. the judge took that and said to michael flynn are you taking a step back of your acceptance of responsibility. and that was clearly initially the questioning that he have. he was troubled by that. and then also. there is still cooperation left. typically speaking. when people cooperate they wait until the end to get sentenced and he was questioning is there more left. and that was at the end where his attorneys, and say yes there is possibly more left. it has nothing to do with a special counsel as something to do with the recent turkey indictment. with the two associates of michael flynn that were indicted.

it is separate case. they were wrapped up in this. a lot of things had been wrapped up in this investigation. what you think this means if you go back and talk more and he's gonna go back and talk to that team. do you think that should be something the trump administration our family should be worried about. are they still looking for that collusion. we have not heard about it yet. >> he is cooperated and special counsel's investigation in every imaginable way. he is prepared to cooperate he is prepared to continue that with respect to the virginia case. they are saying there is nothing left to do with mueller believe it or not. that was an interesting point that came out. the only possible cooperation left is about this virginia case on x associates of flynn. there is nothing left for him to do. >> that's incredible. this judge was a clinton

appointee. does that mean anything to you. >> i was on the night before insane i thought judge sullivan may be attacking the government here because he has a history of that. calling into question the withholding of evidence. he went the other way. completely surprised me. he said, know that was completely right what they did. this was no entrapment. there was no concerns about the circumstances of the interview. it was a wild day. and so surprising. has behavior. thank you for the perspective on this. we appreciate it. >> with a lot more coming up. the british government ramping up preparations for a no deal brexit as businesses call on lawmakers to stop playing politics. with the fallout when we come back. alerts -- wouldn't you like one from the market

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right now, go to vettix.org. >> the british government planning to's plea -- speed up contingency plans. if they leave the eu without a deal. the market analysts. market analyst. good morning. is this some kind of political ploy that we are watching as they are trying to break this deadlock in parliament over getting some kind of deal forward to getting some thing approved. >> i think that's part of it. a lot of it is optics. obviously they still very skeptical of the british government. that is serious about their no deal scenario. what doesn't change here. i think this is keep. we are due to leave and 100

days. no responsible government has been a setback and do nothing in the event that the worst happens. that deadline cannot change. in the house of commons here in the uk. they file for an extension and at the moment given the divisions within the houses of parliament is very difficult to get a consensus on anything. >> is there a chance of a second referendum? >> at this moment in time it doesn't look very likely. and ultimately given the organization i when it chest of this lot to run a bar at this point. >> i know we will talk about this again. that is it for fbn and. >> it is the day are you excited ? i'm a major nerd. i love talking about interest rates. it does actually matter for everybody. i think so far that is a quote of the day.

i wouldn't trust this lot to run a bar at this point. were to try to top this over the next few hours. >> it is wednesday, december 19. your top stories at 6:00 a.m. eastern. focus on the fed. the central bank decision due at 2:00 p.m. eastern when we are expecting one last rate hike for this year. >> the white house is holding firm and that criticism of rising rates yesterday. >> has been very clear about what his position is. he understands that the fed is an independent agency. it doesn't take away the president's right to say his opinion on a particular matter. >> ahead of the decision look at what's happening in the futures this morning. 191-point gain on the dow futures. they just eked out a gain of 82 points yesterday.

the dow and the nasdaq finishing the day higher. the s&p 500 yesterday. i'll little changed. >> also wayne the threat of a government shutdown and a major drop in oil prices. 7%. to $46.24 per barrel yesterday. let's check on the european market. with gains across the board at the moment. that trading date moves on up three quarters of 1%. in asia over night it was some mixed market action. two of the four -- for markets. and falling in trading today. they are balancing out the off the lowest level in more than a year. and getting to see over the last three months. oil prices are down 40% from their high. what does that mean for not only energy stocks but the u.s. economy. >> and facebook under fire again. a bombshell a new report said that the social media giant shared user's private messages with partners. including spot if i and netflix.