tv Mornings With Maria Bartiromo FOX Business January 9, 2019 6:00am-9:00am EST
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this year than the way we ended last year, take a look at futures after all the major indices finished higher yesterday, futures are showing gain of better than 90 points on the dow industrials, third of a pert cent, nasdaq up 29 and a half points this morning, take a look at yesterday's actions extending the rally at the close yesterday with the dow jones industrial average finished about 1% higher, actually 1% higher on all major averages, 266 points higher at the close of the dow, nasdaq up 73. in europe this morning let's check follow-flu -- follow- through. asian markets overnight, higher as well, taking cue from wall street, the hang seng index in hong kong up 2 and a quarter percent. plus sour apple, will cut production by 10% as ceo gets
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giant pay increase, we are on it this morning, apple shares up 1 and a half percent nonetheless. plus carlos goshn has been denied, the former nissan chairman's appeal, joining me in new york, dagen mcdowell and pwc mitch roschelle. dagen: great to see you maria bartiromo. maria: the president followed up by the democrats and their response, your quick take? dagen: i don't think what was said by the president or chuck schumer nancy pelosi changed any one's minds that you see both parties, the president and the democrats dug in on this, we didn't hear a new proposal or any idea of a compromise like say protection for the dreamers and democrats are watching the
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republicans knees to buckle. will it happen, even today might give us indication of that. maria: another meeting today, the president inviting democrats to the white house to talk today about 3:00 p.m. eastern time. it's all about who blinks first, mitch. >> no question, there's 800,000 plus employees that aren't going to be getting a paycheck this week and i'm wonder if that's going to begin to put pressure on both sides to do something, because that's really hitting those people personally. dagen: and, maria, the democrats are going to be trotting them out this morning, there's a photo-op with some of the workers down in washington, d.c. so, again, that's politics at its best or probably worse. maria: that's a good point. this upcoming pay period that's when the rubber meets the road, we will be obviously that obviously. this morning a lot of conversation, i will be speaking with white house sarah huckabee sanders at 8:00 a.m. eastern, we will get the white house's response all developed last
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night. first top story this half hour taking the case to the american public, president trump gave his first oval office address last night describing importance of increased border security including the wall on the southern border. >> there is a growing humanitarian and security crisis at a southern border, every day customs and border patrol agents encounter thousands of illegal immigrants trying to enter our country, we are out of space to hold them and we have no way to promptly return them back home to their country. over the years thousands of americans have been brutally killed by those who illegally entered our country and thousands more lives will be lost if we don't act right now. this is a humanitarian crisis, a crisis of the heart and a crisis of the soul. the only solution is for democrats to pass the spending bill that defends our borders
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and reopens the government. this situation can be solved in 45-minute meeting, some suggested a barrier is immoral, then why do wealthy politicians build walls, fences, gates around their homes? they don't build walls because they hate the people on the outside but because they love the people on the inside. the only thing that is immoral is politicians to do nothing and continue to allow more innocent people to be so horribly victimized. maria: commander in chief also inviting congressional leaders to the white house today for negotiations over the shutdown as i mentioned about 3:00 o'clock is what we are expecting, joining us right now former senior adviser to the clintons mark penn, mark, good to see you that morning. >> good morning, thank you.
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maria: your reaction that all took place last night, the president describing as humanitarian crisis and the democrats' response. >> first it's more civility, a tad bit of name calling, more civility than we have seen in politics for quite some time. i like that america got to see the issues right before them and, of course, most voters were scratching the heads, come on already, we know there's a deal here, just do some daca for some more border security, give them barrier and not a wall, get this over with, have it make sense and i think the public is sitting right there looking at politicians, there are no winners, there are only losers. maria: i don't know about civility. i mean, nancy pelosi said that the president gave misinformation and malice in her response last night. i'm wonder if the american people are going to get upset at both parties because they just cannot come together, i mean, democratic leadership responded to the president's address, house speaker nancy pelosi, senate minority chuck schumer with their own rebuttal to the
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president disputing that need for the southern border wall. watch this, mark, i have to get your reaction. >> sadly much of what we heard of president trump has been full of misinformation and even malice. the president has chosen fear. we want to start with the facts. the fact is on the very first day of this congress house democrats passed senate republican legislation to reopen government and fund smart effective border security solutions. but the president is rejecting the bipartisan bills which would reopen government over his obsession with forcing american taxpayers to waste billions of dollars on expensive and in effective wall. a wall he always promised méxico would pay for. >> make no mistake, democrats and the president both want stronger border security, however, we sharply disagree with the president about the most effective way to do it.
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so how do we untangle this mess? well, there's an obvious solution, separate the shutdown from arguments over border security. there is bipartisan legislation supported by democrats and republicans to reopen government while allowing debate over border security to continue. there is no excuse for hurting millions of americans over a policy difference. federal workers are about to miss a paycheck, some families can't get a mortgage to buy a new home, farmers and small businesses won't get loans they desperately need. maria: mark penn, i wonder why we are not hearing the explanation of why chuck schumer voted for a wall or some kind of fencing back in 2006, in fact, the list of those who voted for that back in 2006, chuck schumer, barack obama, hillary clinton, joe biden, dianne
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feinstein voted for some kind of fencing in 2006, secure fence, they call it, why are they opposed to upgraded barrier now? >> well, i think that's the toughest thing for the democrats. we are talking here about less than 1,000s of the budgets, in '95 we were talking about hundreds of billions of dollars medicare, medicare, education and the environment. everybody knows this is mostly politics and the democrats don't want to give president trump a win on anything and i think that's unfortunate because the democrats could have come into office here, said, look, those republicans you threw out they weren't getting anything done, we will make great deals here, we will get things moving for america and i don't think they are winning with this position that everybody knows it's more about politics than the barrier itself. maria: yeah, dagen, let me bring you in here because chuck schumer back in 2009 said this, 630 miles of border fence made our southern border far more secure because it created
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significant barrier toy legal immigration. that was a quote from chuck schumer in '06. dagen: maria, you're right about 26 democrats that voted for the secured fence act in 2006 but this is not about the reality on the ground, the reality at the border, this is about politicking at its worse and chuck schumer and nancy pelosi both know to quote bill mcgurn in the wall street journal that president trump has to avoid losing a fight that he did pick and that's the way it appears to the american people and they know that. there is compromise to be had but i think it's on the president at this point, maybe today to put something on the table like protection for dreamers and temporary visas like haitians that will lose the protection in short order, there's your compromise, put it out there and see if the democrats will vote against protection for dreamers.
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maria: would that do it mark penn, what do you think? >> i think that's implicitly been on the table. the president has to keep the ball rolling, he's the one that more people blame than the democrats at this point because he's the one who said, hey, i will take the shutdown, so he affirmatively is getting the blame. look, there's no elections right now, he can hold out but he's not winning, they're not winning, he's got to keep the ball moving, i think she's right, he should put that explicitly on the table. maria: meanwhile i spoke exclusively with jpmorgan jamie dimon and commented on the shutdown and what jpmorgan is trying to do to help the furlough workers. >> i'm not a politician, i feel terrible because 800,000 people aren't getting paid. businesses aren't getting paid, jpmorgan put out plans if you're hurt. if you're one of the folks, if
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you're a jpmorgan client we will help you, differing payments. maria: if you're not getting paid and if you're chase customer, you will help them -- >> payments, we will not charge fees on certain things. maria: that's a big deal. >> yeah, it's a big dealing. the shutdown is not good but my bigger complain that america maybe because of bipartisan politics has been unable to do a lot of things that need to be done. maria: jpmorgan among to say this but the private sector may very well get involved here because it's the whole thing, it's frustrate to go see the two sides not be able to work for the american people, mark? >> i think that's exactly the point. i've always -- and look, when i worked for president clinton, we made deals, nuke gringrich and president clinton fought each other on the air in worst terms than you saw last night but they got things done for the country. that's what the country wants and either side is not going to be a winner even if it pleases
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the bases. the bases are voting for who they are going to vote for. maria: real quick on 2020, i mean, 2020 is on, this is what this is largely about, we understand tom may be joining the race, your thoughts on what we see and who is lining up for the democratic party. >> well, i've said to watch the 3 or 3b's, biden, you know, watch here for beto to come, watch here for bernie and see whether bloomberg shows up with the billion dollar check here. i think the race is uninformed. i think former vice president biden has a bit of an edge but no one really is winning this race, it's just the beginning, the biggest fear is that it will drive the democrats to even more to the left and if that's the case, then, of course, that won't be good for the party long term in terms of winning the rest of congress and/or the
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presidency. maria: but this is the first test, this border wall to see how these two sides are getting together, is this going to be the next 2 years of constant fighting about everything? >> well, that's what we are going to see, we had two shutdowns in '95 and '96. the fact that there's a shutdown. this thing is not over, let's see where this goes, if they could come together, then it would be a win for the country, if they can't come together and 2 years, don't kid yourself, the voters will get as mad as the people they just put in as the people they threw out. they want results. they don't want resistance. maria: mark, good to see you, thank you so much. >> thank you. maria: mark penn, trade talks day three, third day of negotiations, we have the latest this morning, then bruised apple, the technology giant set to cut iphone production, the ceo gets a giant pay increase, the stock is down about 35% from
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maria: welcome back, more bad news for apple and latest iphone, lauren simonetti with highlights. lauren: i know the poor stock, right, it was back at a trillion dollars market valuation in october and now it's just over 700 billion and here are some reasons why, this one coming from the nikkei asian review, reporting that apple has cut its iphone production by 10% for its 3 new models, that's the 10s, 10s max and 10r, cutting production 10% for all those. at the high end, original estimate was 48 million produced for the january to march quarter taking all the way down to
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40 million, that is a pretty steep cut. we told you in recent day that is apple also slashed revenue guidance for the first time in 15 years, that hammering the stock but, maria, you've been speaking to dan niles who has been focused on all of this and as the company says, look, we are not so much worried about our product which is the iphone, we are focused on services, this is what dan niles had to say about that. >> apple keeps going back to this narrative of, well, don't focus on the units of phones, focuses on services and installed base, as i say we expect service's revenue to double from 2016 to 20120, we -- 2020. well, the services has grown from 25 and a half billion to 39.5 billion in 2018, you say, well, 25 and a half billion times two is 51 billion, wait a minute, they are telling me it's
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going to grow 14, they grew 25% over the last two, that's slowing down as well. none of the wall street analysts want to talk about that because they all have buys on the stock. lauren: apple is a major part of the market overall, but you know what, the company is spinning this as optimism, tim cook very optimistic and this could be a reason why, maria, we got the figures for his latest compensation for 2018, 22% pay raise, $15.7 million, 3 million cash bonus, but to be fair that was for the fiscal year so that happened before all of these warnings about slowing iphone growth, maria. maria: all right, lauren, well, i want to point out that i actually spoke with dan niles yesterday after he joined us on the program yesterday and he was really stunned after looking through the reclassified revenue numbers because when the company first reclassified its services
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revenue all the and ilses assumed that services revenue would be 28%, but in fact, revenue was up 18%, so he tweeted that yesterday, i retweeted it, the stock was -- it's higher this morning as you can see and it's interesting to see that the revenue numbers are not what most analysts are expecting. the services revenue up 18% not 28%. take a short break on that note, when we come back carlos goshn has been denied a japanese court rejecting a plea to end his prolonged detention in jail. the very latest there coming up. hanging in the balance the future of sears resting with auction where the chairman could face retailer from liquidation all that after the break.
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maria: welcome back, japanese court rejected carlos goshn's appeal to end detention, cheryl casone with details in new york. cheryl: maria, tokyo district court rejected lawyers, the former nissan chairman declared innocence during court hearing in first public appearance since his arrest meanwhile goshn's lawyers are launching a campaign, they are hoping to speed up release on bail, this is a separate issue. they are taking aim at japanese prosecutors attacking key parts of the case basically they are going to the public to say that for him not to get out on bail as well as traveling. he could be in detention for another 6 months, we will see how this all plays out, folks,
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facebook ceo mark zuckerberg has a new goal for 2019, talk more about technology's problems, this isn't quite as ambitious as last year to fix facebook which many believe he fell short of, public discussions on the role of technology in society. remember, this is somebody who doesn't really like to talk a lot publicly to be frank with you but he says he will make the change for this year, facebook, the stock is trading slightly higher in the premarket up about 3 quarters of a percent. and then there is this, the future of sears could rest with its chairman now the struggling retailer has agreed to let billionaire eddy lampert who will determine whether sears stays in business or forced to liquidate stores. creditors want the wind down the business, wants to keep 425 stores open, we should see, sears filed for bankruptcy in
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october. maria: carlos goshn story sin credible. at this point no new information has happened, they are still holding him on this idea that he hid his compensation when in fact, there's a compensation committee and a board of directors, dagen, you know how i feel about this because i just think it's outrageous but these are the rules of japan. dagen: right, actually, carlos goshn because he's not u.s. born you don't have the u.s. government at your back intervening in this situation. and so -- maria: like they did with greg kelly number 2 who is out on bail. dagen: with carlos goshn maybe the family needs to come out and use the media and talk more explicitly about it, because he's in custody in japan they are worried about care and safety quite frankly i'm guessing and you go out and talk about it, put pressure on the
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japanese government about what's going on but the family and friends are in a bind at this point. maria: let's see where this goes, we all know the underpinnings here that he wanted to merge nissan with renault a french company and the japanese government wasn't happy about that nor were a lot of people within nissan. so this really smells and looks like a coup but he's still there, it's pretty staired, we will keep following it. coming up tornado touchdown, rare tornado twister hitting ohio with 100-mile winds. president trump inviting clemsen, all that right after this.
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us, i'm maria bartiromo, it is wednesday january 9th, top stories right now 6:31 a.m. on the east coast. the shutdown shutdown now in day 19. president trump and democratic leadership making their cases last night over the border wall funding. focus on the fed, investors are waiting on the minutes from the december meeting, the federal reserve minutes looking for insight of future of monetary policy, we've got that, ahead of that markets are rallying much better tone at 2019 than the end of last year, futures indicating 69 points, nasdaq right now up 21 and a half points, one-third of 1%, this after gains across the board yesterday, we are talking about day 3 of gains despite the warnings on the economy and the market jpmorgan chase jamie dimon telling me it's not as dire as some are making it seem. >> the market kind of open up as they take deep breath and looks like they'll be growth, it's not like we will go in global
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recession. maria: and markets are higher across the world as well, global markets look like this, ftse 100 in london 1%, 67 points higher, cac quarante is up 52 points better than 1%, and 97 points almost 1% higher. in asia overnight, similar story, take a look at asian indices higher across the board, best performer hong kong up 2 and a quarter percent and japan up better than 1%, progress in the fight against cancer, new report show that is fewer people are dying from cancer, we've got all the numbers you'll want to know coming up. then wild weather americans from the midwest to east coast expect today get slammed with snow, the forecast today coming up. celebrating the big victory the clemsen tigers invited to the white house after championship victory but wasn't all good news for the game, we've got it all right here. first, though, top story this half an hour and that's markets in focus, the federal reserve minutes from the december meeting are out this afternoon, we will get insight on the
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central bank's decision to raise interest rates and perhaps know how many rates we will see go higher this year, the move coming at time of heighten volatility for the market as investors are wait to go see whether the fed will slow pace of raising rates and how slow growth will go in '19. jpmorgan chase jamie dimon weighed on the fed and threat of economic slowdown in my exclusive interview this week. >> yes, i think you had kind of narrative in october that things are doing very well, synchronized growth and all of a sudden you get data from germany and japan and maybe slowdown in united states, sentiment changed dramatically for a whole bunch of different reasons but still globe is still growing, the united states is growing 2 and a half percent, good wage data, very possibly slowdown, big shift in sentiment.
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maria: but, i mean, when you look at all asset classes having declined you know whether it's stocks, bonds, you've got energy, and even as the federal reserve is raising interest rates you've got the 10-year going lower and then have the inversion of 2-year and 5-year, do these things not worry you? >> not a lot. sometimes stocks-i say the same thing for other asset prices too, you know, if stocks in america are 18 and a half pe and now they are 16, sometimes there's a good reason for that. slower growth is a good reason, people do have concerns about rising rates, they do have concerns about trade, sometimes adjustment is reasonable and prices are now more reasonable and like with high yield, we had no bond issuance in december, my guess is you see something happens soon and the markets open up as they take a deep breath and looks like they'll be growth, it's not like we are going to global recession, slower growth than people expected a couple of months. maria: i'm glad you mentioned that because there was no
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high-yield issuance debt in december and first time that's happened in a decade, is that an animus sign, i remember the financial crisis which you lived through and led with leadership, it was the debt market that got us into trouble. >> the deleveraging, liquidation of debt markets, not the lack of issuance. my view is that december things slow down, people got scared, issue didn't want to issue, that'll probably change. maria: how long can the credit market stay this tight before you do see it as worry sign? >> for a while. >> i'm really not worried about it. i'm looking at it the other way around. maybe little normalization and you and i both know that the tip of the ice -- the tip of the sphere is high yield. when sentiment changed dramatically those are the first two areas that people cut back and open up over time. maria: what does the environment feel like to you because you have seen so many cycles?
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i remember back in the '90's when the fed raised rates by 50 basis points, 75 basis points in one shot and then that year i believe it was 94 or '95 the market soared. how do you compare the period right now? >> people sometimes they worry too much. we had enormous growth in the american economy, we've listed through very tough times. i can go back to '74 recession, '82 recession and things that look dramatically weren't as bad as like the crash or internet bubble. caused huge pause or something like that. i look at it like we are slowing down a little bit. a lot of concerns out there, a lot of geopolitical issues, sentiment went from global synchronize growth to maybe it'll be bad, maybe go into recession. doesn't look like that's taking place. it's just a slowdown and you had good job's data recently so data comes out around the world in january, february, it's not so bad, people may take a breath,
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take a deep breath and market wills open up. they'll be a recession one day and when people say is there going to be a recession, yeah, i don't know when it's going to be, something will trigger it, maybe different than last one. maria: you don't think markets are indicating recession near horizon? >> no, i think they are overreacting short-term sentiment over complex issues. maria: what about money supply? >> some of it is rational response. now they are at 16, slower growth, high chance recession, high chance of trade war, that is irrational adjustment. you shouldn't say that's irrational. you will say that's rational, you pay less because the future will be different than you thought it was before. maria: you know better than i do, the federal reserve makes a pivot, earnings have been pretty strong, we had great job's numbers on friday, 312,000 jobs created, valuations are better
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after last 3 months, seems to me that we could be poised to rally. >> yeah, i think that's why people react. i don't know about rally but you will have decent growth in america. i hate guessing about the future. maria: yeah. >> i run my business as serving you as client and navigate the ups and downs of markets. maria: just to be clear when you look at what happened at the inversion or the no high-yield debt issuance it's telling us something right now and not speculating? >> because of qei wouldn't give it high importance, we don't know the effect of qe and i suspect the 10-year bond today should be at 4%. i have been wrong about that. when you've had 2% inflation, normal 10-year bond rate is 4%. we don't have that. not just qe, by the way, if you're the federal reserve you had qe around the world.
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ecb was buying 100% of sovereign debt issuance, maybe during world war ii we had something like that. we don't know exactly what the reverse will be and i have faith that folks will navigate it. maria: which is my point, the money supply is a very different situation than it was in good-old days, you sell money. >> yes, regulatory policy and monetary policy are interlinkedin a different way than they were before and i don't fully understand the full effect of that. i do think reversing qe in different regulatory environment may have different effect than we think. on the other hand, the fed is not going to sit there and ignore it, they know that too and they will respond accordingly h. maria: my thanks to jamie dimon and mitchell your reaction, you
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did have inversion in 2-year and 5-year and jamie dimon says it's not important given the qe situation. >> no question, maria, just think in response to the financial crisis the fed just printed money, printed money and now they are doing the opposite and the market is trying to digest what that means, $15 billion a month in balance sheet is getting unwound and taking the money out of the system and that is one of the reasons that wreak havoc on credit markets in the month of december, we are anxiously looking at fed minutes later today to see how granular they discuss plans going forward or continuance of unwinding of the balance sheet. maria: we will see what that does to markets. dagen: i said that all along nobody knows how this plays out because it was unprecedented stimulus in terms of the explosion of the size of the
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balance sheet and now being reduced, no one knows what the knock-on effects will be. i will point out that last friday it was the speech by jay powell and him coming out and saying that the fed is essentially open to changing course on the balance sheet reduction if needed to meet their goals, jay powell speaks again tomorrow at noon eastern time and rich clarita speaks in the evening. if the minutes today don't rattle the markets, the speeches today might. maria: big story here, the fight against cancer, brand-new report show that is fewer people are dieing from the disease, we will break down the numbers here and we will hear from the ceo of merck on where we are on the fight against cancer. winter weather causing crash including this one in maine, full round-upcoming up.
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maria: welcome back extreme weather is hitting the east, cheryl casone with details, cheryl. cheryl: enjoy the weather in the 50's in san francisco, we have a winter storm in parts of up state new york right now and northern new england, gusty winds have been slamming the region as well and then take a look at this video, a car
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crashing into a home, this happened in maine, the homeowners security camera shows the cars smashing into her front porch after failing to stop at intersection and then there is this, watch that one more time. a rare january tornado hit knot eastern ohio and knocked down this trees, luckily nobody was hurt, a lot of weather to tell you about today. deaths caused by cancer have dropped 27% over the last 25 years, the american cancer society says improvements in cancer detection and treatments along with a reduction in cigarette smoking are the main reasons for the decline. maria, you discussed one of the drugs being combruis today treat cancer with merck ceo just yesterday. maria: has been game changer, lifesaver, where are in the fight against cancer right now? >> well, we have really good news, we have shown already that
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combination with chemotherapy has reduced death, were able to reduce death rate by 51%, there's never been anything like that. cheryl: researchers are warning that rise in obesity related cancers could drive death rate back up. breaking news a few minutes ago, deputy attorney general rod rosenstein is expected to depart the doj, doj officials telling fox news rosenstein wanted to ensure smooth transition for incoming ag nominee bill barr and plans to transition out of the job in the next few weeks, sources close to deputy attorney general say that rosenstein long thought time of doj as 2-year position and the 2-year mark is coming soon. well, president trump has invited the the national champin clemsen tigers to the white house again, the team's second visit in 3 years, the championship parade for the tigers is going to be saturday
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and the tv ratings for the tigers big blowout win over alabama cremeson tide were the lowest since 2012. it was a great game, clemsen was already up 15 points by half time, they expanded the lead in the second half to win 44-16, maria. they figured if it's that big of a lead by clemsen in half time might as well turn off the television, those are the headlines from new york. maria: maybe it was holiday, time and people were just doing other things who knows but it was an exciting game, cheryl, a lot of good stories, cheryl, what's your take in new york about let's talk first cancer, i mean, i know that there are still cancers that are very persistent and we have seen no led up like pancreatic, like lung cancer but some good news, dagen. dagen: it's incredible and sadly people don't understand the number of drugs, not just these immuno therapy drugs, divo, but the targeted therapies that
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target specific gene mutations on different cancers or tuomors. that's one of the many companies working on targeted therapies and you don't really know the advancements until you have a loved one that comes down with cancer. my mother has been alive 4 and a half years with stage 4 cancer, they was on target therapy and recently chemotherapy, but again, the life expectancy has even improved so dramatically that it really is a astonishing the advancements that these -- these companies have made in the united states. maria: it's true, prayers for joyce always. dagen: you're the best. she loves you, she watches the show for me and not me. [laughter] maria: take a short break, when we come back trade talks day 3, futures are pointing to a rally at the start of trading this morning, u.s. and chinese officials are getting ready to sit down today to hash out a deal, the very latest coming up.
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maria: welcome back, we are focused on markets this morning, futures indicating rally at the start of trade this morning, extending 2-day move on upside, futures showing gain this morning about 68 points, quarter percent, s&p is up 5 quarter percent there as well and nasdaq with 21-point gain this morning, third percent higher. new year off to strong start, major indices higher about 2% or more in 2019, nasdaq top performer up nearly 4% so far. joining us right now financial
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coo alfred. >> we almost had a 19% drop in the last quarter and we have seen a really strong resurgence coming out of the new year, i think i was watching your interview with jamie dimon yesterday and certainly agree with a lot of things he says and we've got a strong job's report from last friday. chairman powell has indicated that there might be open to kind of slowing things down and certainly the china, tariff debate seems to be moving in the right direction, yeah, i think there's definitely a risk on feeling. >> the u.s.-china trade talks wrapping up in beijing after extend today third day, development raising hope that deal could get done, would that be a good catalyst for the markets if a deal has been made
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between the two countries? >> i think we have seen the market respond strongly every single time there was something positive about tariff discussion. last time i was here it was announced that we would have a 90-day truce, some of that was pulled out by negative tweet by the president, thing not going well, you saw the market pull back, the market is hypersensitive to the discussion and will react accordingly. maria: i think we have seen pivot in the market, i'm feeling bullish. i would put new money. dagen, there's a lot of concerns especially when you look at what rates are and what they have done since the fed started raising rates, your thoughts, dagen? dagen: big drop in 10-year yield has actually made stocks look cheaper than they did in early november. another thing to watch in terms of the bullish sentiment that you're talking about, small cap stocks entered a bear market, they were down more than 20% from recent high, russell 2000,
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they had the biggest rally than any major market indicators in last 3 trading days up more than 7%, why is that? because expectations for profit growth are still in double digits for small cap in new year. they are about 6% for the s&p 500 and the new year but 16% growth is what is expected in the current quarter for small cap. so this is hugely optimistic for the markets in sentiment. maria: yeah, would you buy small cap, alfer? >> 85% large cap and 15% mid caps, we do dip in russell a little bit and that's benefited us, we've had terrific growth out of the performance so far this year and we would like to see that continue. there is strong growth for q1 and it's a positive thing that we are excited about. maria: all right, we will leave it there alfred, google be
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because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. . . . p these can lead to dehydration,
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which may worsen kidney problems. to help lower my a1c i choose trulicity to activate my within. ask your doctor about once-weekly trulicity. . maria: welcome back. good morning, everybody. thanks for joining us. happy wednesday, it is wednesday, january 9th. your top stories right now. it is day 19 of the government shutdown over the border wall funding. president trump and house democrats addressed the nation last night, both pointing fingers across the aisle. >> the only solution is for democrats to pass a spending bill that defends our bor bordes and reopens the government. >> we don't govern by temper tantrums. no president should pound the table and demand he gets his ways or else the government shut downs. maria: the shutdown could cost the united states its credit
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rating. we're talking trade as well. u.s. and china trade officials extending talks into a third day, lending some optimism to investors. markets are rallying again. futures indicate a gain at the start of trading to the tune of 7 a 5 points on the dow -- 75 points on the dow jones industrial average. the nasdaq with 24 point move, up one-third of a percent on nasdaq, after all the major indices finished higher yesterday by about 1% on average. in europe, follow-through there as well, european indices are higher across the board, with the cac up 1.1% and the dax index higher by better than 1%. asian markets similar story, finishing higher overnight, best performer hong kong, hang seng index up two and a quarter percent. deputy attorney general rod rosenstein is expected to he depart the justice department. we've got the very latest. we're getting this this morning,
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breaking news. mark zuckerberg's pledge, we'll tell you about the facebook's ceo's new year's resolution an how it could change technology. all those stories coming up. joining me to break is down, dagen mcdowell along with mitch rochell. good morning, you guys. >> good morning. dagen: good morning, maria. maria: we've got a lot to talk about this morning. this rally is underway. mitch rochell, your thoughts on how strong this could be. >> i think it's going to continue but don't forget, we're about to start earnings season. the banks start first, then other industrial companies follow. if earnings are consistent with where they were, most of the year, i think that's a good sign. investors are going to be listening to the guidance very closely for some signals of either good news or unfortunately bad news. if the earnings are strong and guidance is positive, this rally could take some steam. maria: it's a good point. but the guidance is probably going to be cautious, right, dagen? what did lindsey bell tell us
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yesterday? we had earnings growth of 25% last year. it's going to be much lower this year. dagen: it is. that's something lindsey talked about for months as the market started selling off that the expectations for 2019 at the end of september were for north of 10% earnings growth for the s&p 500. as of yesterday it was 6%. that's why i pointed out those small cap stocks and the rally that you've seen in the last few days, investors are looking ahead. the wall street journal writing about this today that 16% is the earnings growth expected on the russell 2000, just in the current quarter. and it's actually supposed to ramp up more at the end of the year. more than 30% earnings growth by the fourth quarter of 2019. now, those expectations might come down but if you've got small companies in this nation growing at a clip like this and then that really speaks to the solid economic backdrop that we see. maria: yeah, and that's what jamie dimon l told us yesterday.
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it's a great point on the russell, look at the chart. coming up i speak with sarah huckabee sanders, we'll get into the shutdown and that is at 8:0. don't miss that. first, our top story this hour, dueling addresses, president trump delivered a forceful message to the nation, declaring a, quote, humanitarian crisis at the border. nancy pelosi and chuck schumer were quick to rebut, demanding the president reopen the government now. >> the federal government remains shut down for one reason and one reason only, because democrats will not fund border security. my administration is doing everything in our power to help those impacted by the situation. some have suggested a barrier is immoral. then why do wealthy politicians
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build walls, fences and gates around their homes? they don't build walls because they hate the people on the outside but because they love the people on the inside. >> women and children at the border are not a security threat. they are a humanitarian challenge, a challenge that president trump's own cruel and counter productive policies have deepened. >> the symbol of america should be the statue of liberty, not a 30-foot wall. so our suggestion is a simple one. mr. president, reopen the government and we can work to resolve our differences over border security but end this shutdown now. maria: joining me right now is texas congressman, house energy and commerce committee member and medical doctor, michael burgues. thank you for being here this morning. >> thanks for having me on. maria: when does the shutdown become a real crisis concern?
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we are approaching this friday when those furloughed workers will in fact lose and not get that paycheck, so how much longer can this go on, do you think? >> well, it hurts now. it's not -- it's not that it's going to hurt on friday, it hurts now. i agree with the president. i'm glad he got the air time last night and he spoke to the nation. it's so important to do that. it's difficult to do, to give an oval office address but the president did need to focus the attention on this problem and i'm grateful that he did. i'm also grateful he's coming to texas. i thought president obama should have come to the border in texas when he was down there in 2014. he refused governor perry's offer to do that. i think the president is right to go to the rio grande, where 40s from of the illegal crossings that occur along the entire border occur in that sector, so the president will
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get a very good look at what the problems are up close and personal and there's no substitute for going. you've got to go and see it to understand the problem. maria: yeah, this is why we wanted to talk to you. you're in a border state and you could characterize and assess for us really how big a crisis this is. characterize it for us right now. then i want to play some sound of what the democrats were saying just a few years ago, but first assess the situation. >> well, again, the lower rio grande valley sector, it's difficult terrain. there's a lot of brush that because of the ecological concerns we're not allowed to clear on our side of the border. there need to be all weather roads out there. one of the trips i took down there where i was toon a site on the river, there was a site of frequent crossings, the car got struck. this is a problem that they have on a day-to-day basis. the other difficulty is when a large number of people come across, and they do all the
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time, when a large number of people come across it ties up all of their personnel and so up-river or down-river, there can be met am t at th methamphee or fentanyl coming across the border undetected because people are focused on the humanitarian aspect of the women and children in the hot sun, in the rough texas terrain. it is critically important that -- nancy pelosi last night said we want to improve technology too so we can detect illegal crossings. no, we want to prevent illegal crossings because that in turn does not dissipate the resources we have to be able to apply for border security. the president is exactly right on this. he needs the money to do his job. maria: you want to prevent, not necessarily just detect. what gets me is -- i know that last night nancy pelosi said that the president had misinformation, even malice in his address. meanwhile, just a few years ago
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chuck schumer, hillary clinton, barack obama, all said that illegal immigration is wrong. here's chuck schumer back in 2009. watch this. >> above all else, the american people want their government to be serious about protecting the public, enforcing the rule of law, and creating a rational system of legal immigration that will proactively fit our needs rather than reactively responding to future ways of illegal immigration. people who enter the united states without our permission are illegal aliens and illegal aliens should not be treated the same as people who enter the u.s. legally. maria: why is nobody calling him out on the fact that he just said exactly what the president has been saying just a few years ago, so is this really just politics, playing politics with peoples' lives? >> of course it is. it's clashing ideologies. i thank you for playing that clip.
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it's important that people hear that and remember what the rhetoric was a you few short years ago. in 2014 president obama said this is a humanitarian crisis on our southern border and demanded $3.8 billion in order to just the custodial aspects of taking care of unaccompanied minors who came across the border. they may want to refute statistics. there are 12,000 children right now in office of ref you fe refe resettlement facilities that you can't turn loose and put on the street. you have to take care of them and we're obligated to place them with families who will look after them. maria: the president is the president of the country. it's on him. he's the leader here. he's going to at some point have to -- i mean, if they don't blink, it's going to be him. so what can he do to come up with some kind of an yo arrangement, some kind of middle ground to get the government open again.
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>> in my opinion, border security is national security. the house did pass $716 billion defense appropriation that came into play october 1st of last year. of that money, the president needs to take the $5.7 billion he needs for the immediate -- immediate use on the border to provide border security. i know there are members on my side who do not like the idea of using defense dollars for nondefense purposes. in my opinion, this is a defense purpose. maria: isn't there like $28 billion at the pentagon that went unused last year? >> the problem is they always try to spend it right before the end of the fiscal year. but look, there's also $50 billion that the democrats said they want to give in foreign aid. take the money from the foreign aid and use it to defend our border and then we can look to helping people in other countries. but we need to take care of our people first. maria: they don't want to do that, because then the president gets a victory. unfortunately, it feels like this is all about 2020 and not
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giving the president an opportunity to meet another campaign promise. >> you are right on the money. but you know what? i'm happy to have the president back in congress. i feel like he has my back as a texan. i'm glad he's going down there. i think it's important. i'll continue to have his back in congress. maria: people don't want to see this kind of fighting. is this what the next two years will be like, that everything the president wants the democrats are going to stop him so nothing gets done in a two-year period? >> it's quite possible. i'll tell you, last night i was in a rules committee hearing. the rules committee is chaired by a democrat. he three times the democratic chairman of the rules committee used the word manage civilic it -- emergency. i think the a senate majority leader should have suspended the 60 vote rule when we passed the appropriations bills earlier in the last congress and we could have had them in place to begin this congress. but, yes, unfortunately you have identified the correct problem which is the 2020 election and
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the democrats are bound and determined not to give the president any victory. that's what we're facing. maria: congressman, it's good to have you on the program this morning. thanks for your insights. >> thank you so much. maria: coming up, the real feel of the shutdown, joshua tree national park, forced to close and craft brewers cannot release any new beers. we're looking at how americans and small businesses are being affected by the shutdown. then mark zuckerberg's new year's resolution, wait until you hear this, he's revealing his personal goal for 2019, it could have implications for the entire industry. back in a moment. ♪ just hold on, we're going home. ♪ just hold on, we're going home. ♪ it's hard to do these things alone. ♪ liberty mutual customizes your car insurance
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a vehicle. he was conducting a traffic stop last night about 70 miles east of phoenix. he was struck on loop 101 as he approached the car on the side of the road. they are investigating this incident. the driver that hit townsend is cooperating with police, we should say. well, secretary of state mike pompeo making an unannounced visit to iraq. secretary pompeo met with the country's president, prime minister and top lawmakers while in baghdad. in turkey, president erdogan rejected a u.s. request to protect u.s. backed kurd fighters in syria and john bolton said the u.s. wants tucketurkishassurances for prote kurds before there is a withdrawal from syria. well, google assistance new interpreter mode can translate conversations in real-time
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between different languages. it will listen to a person speak in their native tongue, whatever it is, before translating for the other person to understand. now, at launch google assistant will be able to translate 27 different languages, including arabic, chinese an chai chinese. there's some delay, so it's not perfect. taking a look at google parent alphabet, up about a quarter percent. and yes of course, maria bartiromo, italian was on the list of languages. of course. maria: i should hope so. i know they've been working on that for a long time. eric schmidt told us about that about a year ago. that's really good you stuff. coming up, trade optimism, the united states and china wrapping up an expected third day of trade negotiations today, fueling a market rally this week we're taking a look at what a deal could mean for stocks. we're looking at a rally at the start of trading. starbucks' new drink, out with a beverage that tastes more like a desert than your morning brew.
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maria: welcome back. markets are rallying this morning, take a look at futures indicating a gain at the start of trading, the u.s. and china wrapping up their third day of trade talks in beijing overnight, raising hopes that a deal may get done. the president tweeted yesterday that the trade talks are going very well. joining me right now is chief investment strategist, sam stovall. thank you for being here. >> happy to be here. maria: the actual deadline for a deal was march 1st. apparently it feels like they
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were going so well, they extended it into a third day and now wrapping up, so perhaps we could see something sooner rather than later. would that be a big deal for markets, from your standpoint? >> h yes, i think it would. we're heading into the reporting of the fourth quarter 2018 earnings. i think a lot of the negative preannouncements have already come through. the fed has been put on the back burner. so now the question is what's going to happen with trade because i think that the reset in share prices, the s&p almost falling 20% was a result of investors worrying that maybe we are headed for some sort of global economic slowdown if not recession. maria: so let's talk earnings, sam, because you've got the banks coming out first, coming up in the next couple weeks. what are you expecting from fourth quarter earnings and how might that play out for markets? >> well, i think that investors have been a little bit worried about the financial sector, they've been worried about banks in particular, because with a narrowing yield curve that does not help out the interest income
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that typically is garnered by the banks. what you find is there's a smaller amount of margin between what they have to pay to borrow the money in a sense from depot iters -- depositors versus what they get by lending. we've seen mortgage rates come down, the 10-year yield come down, et cetera. i wouldn't be surprised if the banks tell us maybe the fourth quarter was challenging but they expect improvements in 2019. maria: mitch rochell is with you there in new york. you mentioned something important earlier, that was the guidance. i've got a j.p. morgan report in front of me that says loan growth is expected to be up 7% for the blanks the fourth quarter. what -- banks in the fourth quarter. what are we going to hear in terms of guidance? what are you expecting to be most prominent from the fourth quarter, mitch? >> i think loan growth is really important. on one hand, we worry that the consumer has too much debt on their balance sheet. on the other hand, we want loans to be made to businesses so businesses can invest and grow. i think there's two messages
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that could come from loan growth that are going to be posh for ir the economy in 2019 and beyond. maria: so what about that, sam? what are you expecting in terms of guidance from the fourth quarter, not just the banks but overall fourth quarter earnings, guidance is always more important than what we saw in the rear view mirror. tell us what your expectations are for earnings growth and for guidance. >> well, i think that the real question is are we going to get the earnings picture that is looked at right now, meaning about a 12.7% gain, that's actually down from a 13.7% advance that was forecast just december 31st and down from 15% expected on september 30t september 30th. so right now the bar has been set pretty low, so in some ways you could say that how could they not miss or i should say how could they miss. so in a sense, maybe there's a bit of optimism that the bar has been set a lot lower than it should be. indicditto for 2019. expectations are for about a 6%
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growth in s&p 500 earnings versus a 10% growth expected back in the end of september. so right now i think investors are taking a wait and see attitude but hoping that they are surprised to the upside. maria: real quick, dagen mentioned the small caps. they're probably going to see an even better performance, right, dagen? dagen: yeah, the expectation in the russell 2000 is 16% growth in the first quarter by the end of the year, by the fourth quarter, the expectation is for more than 30% above the year earlier period. but sam can correct me from i'm wrong, but as you move into the year usually don't we start out too optimistic and those numbers come down or is it the reverse? again, if these expectations are already at 6% for the s&p 500 and they start coming down, that's bad for the market. >> you're absolutely right, dagen. a point that you brought up in an earlier segment was that small caps are under-valued relative to their normal relationship with large caps.
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normally trade at a 23% p.e. premium to large caps. today they're only at a 3% premium. maria: all right. we will leave it there. sam, great to see you this morning. thanks so much. >> my pleasure. maria: we're gearing up for the fourth quarter earnings reporting season happening in two weeks. seeking balance, facebook and twitter trying to tackle concerns over political bias and offensive content, details on their plans, straight ahead. the government shutdown hitting craft breweries and national parks, how everyday americans are affected, coming up next, right here. ♪ if you like it then you should have put a ring on it. ♪ if you like it then you should have put aing ring o a ring on . i knew about the tremors.
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but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid. maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is wednesday, january 9th. shutdown showdown continues. congressional leaders have been invited back to the white house
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for another round of talks after president trump pushed for funding for the border wall last night. more and more americans are feeling the effects of the shut down. jamie dimon telling me this week the bank is helping federal workers. >> when businesses don't get paid, j.p. morgan immediately put out plans to help people who are hurt. if you're one of those folks out there, you're a j.p. morgan chase client, we're going to help you. call in, we'll get you help, deferring payments. maria: now, joshua tree national park forced to close due to damage caused by visitors. we're taking a look at higher opening on wall street, stocks off of the best levels of the morning but still showing a gain of about 606 points on the dow -- 60 points on the dow industrials when trading starts. this after gains across the board yesterday. markets were higher for a third day in a row. the dow industrials yesterday up 256 points at the close, better than 1%. s&p was you up 25 about 1% and the nasdaq up 73 points at the close, better than 1% on the
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upside. global markets are also higher, european indices up across the board, fq100 up 1%, cac up 58 and the dax index in germany up better than 1%, 118 points higher. in asia markets higher across the board, bes best performer, g kong and japan. tackling political bias, facebook and twitter seeking advice from groups on both sides of the aisle to address policing content on their sites. plus this, a sweet new brew, starbucks is looking to capitalize on the popularity of the pumpkin spice latte by adding a new seasonal flavor to their lineup. get your forks ready, yelp out with the list of top 100 places to eat in america. we've got the highlights. all those stories coming up. first, our top story this half hour, mark zuckerberg's new year's resolution, the facebook ceo vowing to publicly talk more about technology problems in society. joining me right now is fox news
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senior judicial analyst, judge andrew napolitano. good to see you this morning. >> likewise. good morning, maria. maria: the spotlight has been shown on the issues here around social media. what can he do or discuss to better the situation? >> well, his fear is regulation by the government and one way to dull or avoid or neutralize potential regulation by the government is to create an atmosphere in the public and among your customers, which is most of the public, that he's doing the right thing for the right reasons. so this idea of transparency, this idea of debating publicly, this idea of seeking the advice of people on the right and on the left really is almost without criticism and should be either greeted with a ho hum or greeted with a an embrace as it's about time you did this. but he is really trying to establish a baseline amongst the
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public and his customers that he's doing the right thing and would not be right for the feds to tamper with him. maria: and dagen, the twitter and facebook executives and the companies in general have been criticized on this program as well for failing to police political speech. now according to the journal, the social media companies are working with right-leaning groups to help figure out what content to address. dagen: the biggest problem is is that the likes of mark zuckerberg have basically been lying to their users all these years in terms of how they're using people's personal data and putting it at risk and making money off the back of it. sorry about that, by the way. and so, again, he's going to have to go a long way to convince his users that he's not still fibbing. this whole oh, we're in the business to like bring people together and build a world community, this nonsense doesn't
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resonate anymore. it's a money making operation. maria: yeah. exactly. all right. let me switch gears, ask you about another washington departure, judge. deputy attorney general rod rosenstein expected to step down from his role in the next few weeks, this coming ahead of the attorney general nominee, bill barr's confirmation hearing. my thought is that he knows bill barr is going to be seeking the truth and we know that rod rosenstein was among those that okayed the last fisa warrant based on that dossier. >> it actually goes beyond that. i mean, rod rosenstein is probably going to be a witness in some forum after he leaves -- maria: exactly. >> -- the attorney general's office, either before one of bob mueller's two grand juries or before the democrats and the house of representatives. but a little known news item back about a month and-a-half ago resonates with me this morning. and it was reported that bill barr said to the people in the white house, i am absolutely flattered that the president
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wants me to be attorney general but the absolute condition of me becoming attorney general is i get to appoint my senior staff. so it shouldn't be a surprise that rod rosenstein would be leaving. this is not necessarily a knock on him. it is a natural and understandable and professional desire on the part of the likely incoming attorney general, bill barr, to have his own team of people whose intellect and industry he knows and trusts working closely with him. don't be surprised if rod is not the only one to go. right below rod rosenstein are about four very senior people, appointed by the president, and confirmed by the senate. but never without the consent of the attorney general. i think bill barr's going to want to replace them as well. maria: and are you confident that he will get confirmed, judge? >> oh, yes. he has a lot of support on both sides of the aisle. he was an attorney general in an era of great bipartisanship
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under be president george h.w. bush. he has as many democrats that like him as republicans. i'll tell you what the issue will be at his confirmation hearings. can you be fair with bob mueller because you criticized him publicly, long before you knew you were going to be attorney general. i'm sure he's got an answer ready for that that will satisfy even the most arrest dent mueller -- ardent mueller supporters. maria: no doubt when he does begin the job, assuming confirmation goes smoothly, one of his first items on the agenda will be okay, bob mueller, where are we, let's see what you've got. >> i would think so. if i were the attorney general, on day one i would meet with bob mueller and want a summary of what he has. but under the -- maria: exactly. >> under the special counsel rules bob mueller will report to bob barr. the report that mueller writes will go to bob barr.
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, and just to bill barr and he decides what happens to it there. maria: let's talk government shutdown for a moment, the president taking his argument on border security directly to the american public last night, his oval office address drew a rebutal from the democrats but we're still at a stand still. >> i think the president's comments last night were intended, much like mark zuckerberg's so-called new year's resolution, to affect public opinion. with public opinion it's amazing what you can get away with. i don't think he was trying to change the minds of democrats in the house. i think he was trying to put some pressure on those democrats by explaining in a very patient and if i may say untrump-ian way, exactly what the problems of the border were. candidly, i think he's more effective when he's in front of about 10,000 people when he's in front of a tell prompter. but he wanted that presidential aura and image which he did succeed in delivering last night. whether or not he succeeds only
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time will tell. but this is starting to drag on. maria: don't you think the american people are going to get sick and tired of the constant fighting, if this is an indicator of how the next two years are going to go. >> i think the next two years will be more toxic than the last two, maria. maria: i agree with you. >> there's a base in the democratic party -- i don't think it's the majority. lot of democrats are wonderful people. there's a very activeist base that wants the house to drive the president crazy and they're going to motivate their representatives to do that. dagen: i want to say one thing, though. that activist base believes in open borders. they believe in not only sanctuary cities, sanctuary states but a sanctuary nation. they believe in getting rid of i.c.e. and the democratic party is going further and further left. so hold them to that. what did they say to the families of individuals like officer ron sngh who was killed by an i'lby an illegal alien.
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one million refugees flooded into germany in 2015. what do they say to that? >> what dagen just -- maria: you have alexandria ocasio-cortez talking about how the president is impacting illegals and she said he's forcing them to be illegal. i really didn't follow what she was talking about. did you hear that interview? >> yes, yes. of course we heard the interview. this is a problem for nancy pelosi. she has very sober minded people in her caucus, like adam schiff who said impeachment is not going to get to first base unless it's bipartisan. that's true. she has more radical people that want to disrupt and want to draw us for the left and mainly want to drive the president crazy with subpoenas and allegations and investigations. somehow, mrs. pelosi has to keep that crowd from exploding.
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maria: it's funny, i would put adam schiff in that category. you're separating him away from the radicals. that's interesting. i think at the end of the day he would love to see impeachment, judge. >> he might. i was impressed by the sobriety of his comments over the weekend which is, look, a lot of democrats want to impeach him but it has to be bipartisan and there has to be a ground swell of support for it in the country and that ground swell doesn't exist right now and the bipartisanship doesn't exist so where are you going to go. dagen: they're not going to move to impeach him. maria: it has to be based on something real, something that warrants and impeachment, let's not forget that. dagen: they're not going to impeach him. they're going to try and come up with as much information about president trump and his family and his business operations to try and embarrass him leading up to the 2020 election. period. the new york times in that long story they wrote about the trump family finances, that is the road map for the democrats a that the times laid out in terms of trying to embarrass this president. they're not going to impeach
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him. they he flow it's a loser -- they know it's a loser. maria: the liberal media is driving the bus on this. i think this is going to sour the american people and they're going to be mad that these two sides can't come together. we'll see what it means for 2020 but the pushback and the i'm not going to do anything, just because i don't want the president to get any victories, i think it turns and it actually is a negative for the dems. what do you think? >> i think it's a strong argument that you and dagen are making but i don't have my finger on the pulse of the reaction to the speech yet because it was just 10 hours ago. i think we'll know later today how the public reacted. it was a different-talk about sober. it was a different and subdued donald trump compared to the one we see before the rallies who can be very compelling in that environment. he was very subdued last night. maria: we'll leave it there. judge andrew napolitano, thank you. >> the one word we didn't hear last night was emergency. thank goodness we didn't hear that. that invokes a different set of
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laws. maria: coming up, starbucks out with a new drink, the beverage tasting more like your favorite desert than a cup of coffee. details next. america's best places to eat, yelp is out with the list of the 100 best places to grab a meal in the united states and we've got the highlights. back in a minute. ♪ that don't impress me much. ♪ so you got the brains but have you got the touch. ♪ don't get me wrong, yeah, i think you're all right. ♪ but that won't keep me warm in the middle of the night. more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪
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maria: welcome back. small business is among those hit by the government shutdown. cheryl casone with the details in headlines now. cheryl: the effects are everywhere, maria. this partial government shutdown is still going. the agriculture department is saying food stamp recipients will have access to benefits at least for next month. that's good news. officials safe they plan to work with states to load benefits on recipients' cards by january 20th within the deadline that allows them to pay out benefits even without a budget. the shutdown is forcing a temporary closing of the joshua tree national park because of sanitation and safety issues. you mentioned small businesses. breweries have been forced to delay release of new beers, because the alcohol and the tobacco tax and trade bureau is shut down. the agency must approve new beers before they can be sold. so a lot of businesses in trouble here. well, speaking of business, starbucks ringing in the new year, saying good-bye to the
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holiday menu with a new drink. the cinnamon short bread latte has brown butter and vanilla flavors, cinnamon and nutmeg on the top. don't wait too long if you want it. it will only be available for a limited time. there's new food items like ham and swiss paninis, a red velvet cake. shares of starbucks are up 70% over the past year. yelp named the top 100 places to eat in the united states. number one is bangers and brews, a german beer garden in bend, oregon. they've got chili cheese fries, wild bor sausage. number two, it's salina texas' barbecue joint, tender smoke house, because bash comby i bare best in texas. number four and five are in california. gyro mania and broken mouth in l.a. this is based of of restaurants'
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ratings on yelp and the number of positive reviews. barbecue, anybody? those are headlines, maria. now you're hungry. maria: nothing in new york, huh? cheryl: nothing in new york. dagen: that's why we know they're horse hooey reviews. be best food in the country. cheryl, get on that. cheryl: texas barbecue, ladies. maria: thank you, cheryl. coming up, the same resolution with different results, new ways to tackle health goals, we're talking with the ceo of jenny craig on what you can do differently this year. back in a minute. ♪ i'm on the right track baby, i was born this way. ♪
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maria: welcome back. a new year, a new year. among the most popular resolutions, losing weight, getting healthy. jenny craig has been helping americans reach those goals for many years. joining us now is the ceo of jenny craig. thank you for being here. >> thank for having me here. maria: so many people trying to make this new year's resolution stick. it's a busy time of the year for jenny craig. assess the story for us in terms of how you keep those goals and make them stick. >> the first thing we have to do is to take responsibility for their own health and make a decision to become healthier. and that always tends to start with the new year, which is a good thing. but we see it continuing all year, so that's -- we think that's a great thing. you've got to start with making a decision first and then i think it's important to make sure that you join a program that can give you the support. we find a lot of people are
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unable to stay with programs because they don't have the adequate support and the structure that they need and the help that they need in a world where there's a lot of information and they're busy, so it's difficult to do that. so those two decisions are the most important ones, i think and as people make them, the they to become healthier. maria: congratulations to jenny craig, named the best diet across several categories for the seventh year in a row. you've got to differentiate yourself. it's a crowded field, right, monte. you've got weight watchers, w.w., you've got others. tell us how you're going to differentiate jenny craig from all the other weight loss programs out there. >> so what jenny craig is doing is really focusing on health benefits because at jenny craig weight loss is a guarantee. it's going to happen. but we are completely focusing on science and ensuring that we are using the best science to help you in various health
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benefits. last year we inproduce inpro trm called rapid results. what that really does is to allow you to eat and rejuvenate yourself alongside the natural rhythm that you have with your body and we're getting this message out. we're seeing people lose more weight certainly. we're also seeing many, many other health benefits that people are getting including sleep and blood pressure and depression. it's even shown to help alzheimer's, the si rhythm is. we're talking about outcomes like that and staying away from marketing buzz records. maria.maria: at the end of the, we know it's healthy eating and expertise. >> no -- exercise. >> one of the things i'm curious about. with the advent of technology, have you added technology to the mix, beyond science and created apps and other tools to help
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people sort of stay on course? >> yeah, i think what we see is this clearly support is very important and support comes in the form of one on one support at jenny craig and an app. so if you have both of these things, we see the outcomes are significantly better. if you just have apps we see people falling off in 30 days because so people are so busy where their lives they can't keep up with it. the one on one support alongside an app goes a long way. jama came out with a study that support is important to long-term weight loss. maria: when you say an app, what is an app going to do? >> an app helps you stay on -- maria: so recor maria: so you record what you're eating and what you're doing. >> it allows you to track your sleep, your exercise, what you're eating. it helps you self-monitor. eventually it helps you change behavior. maria: it's great to see you. thanks so much.
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yeah, i think they'll be fine. voya. helping you to and through retirement. . . good wednesday morning. thanks for joining us. i'm maria bartiromo, wednesday, january 9 top stories right now 8:00 a.m. on the east coast, right on the button, it is day 19 government shutdown, over the funding federal court border wall president trump p democrats addressed the facing different takes on border security. >> how much more american blood must we shed before congress does its job? the fact is -- women and children -- they are humanitarian challenge. >> shutdz could cost united states big, warning it may pull the u.s. triple of payment rating if shutdown causes u.s. to hit debt ceiling third day of trade
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talks between united states and china a lift to the markets looking a at a really we are now at it highs of the morning, dow industrials expected to be up 100 points out of the gate, that is one willing half of a percent s&p 500 higher 8 points a third of a percent nasdaq up 29 points 1/2 of a percent as well major indices higher about one percent on average yesterday across-the-board gains with dow up 256 points yesterday, at the close, european asian markets higher european indices take a look, trading active right now ft 100 highs of the morning up 70 points better than 1% crashing cac up 62 up 1 1/3% dax in germany up better than one percent 127 points higher asian markets higher best in hong kong hang seng up two and a quarter percent big change in d.c. deputy attorney general rod rosenstein is expected to leave the justice department, we have the very latest coming up, on that, plus the
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technology company reportedly cutting iphone production ceo getting a giant pay increase taking a look whether or not the worst has been felt for apple or there is more to come? stories coming up this morning joining me to break it down our own dagen mcdowell, pwc partner mitch roschelle good to see you. dagen: great to see you maria bartiromo. >> good morning. maria: we've got pretty good economic data as backdrop for market rally we have been seeing year-to-date 2019 pretty firm you have been looking at the retail sector mitch in terms of what to expect from that gdp number next gdp anybody comes out the end of january,that is where the fourth quarter january 30 when we expect it. >> yeah, maria possible, that gdp number may be surprising surprising i couldn't be sided so many retailers have been importing like crazy warehouses busting at seems all kinds of retail items if
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fact most spring lines for traerlgs have been imported, the billedup in inventories could be a surprise, that could drive the gdp number for the fourth quarter higher than many analysts expect. >> we will see. we have great second quarter great third quarter we are waiting to see what that fourth quarter looks like we will have more on that, but first our top story this hour, that is the border wall battle president trump making first natural anational address last night telling americans a crisis at a broader top democrats doubled down on call to end shutdown push discussions on border security until after the government is back open. >> every day, costumes and border patrol agents encounter thousands of illegal immigrants trying to enter our country we are out of space to hold them we have no way to promptly return them, back home to their country. the federal government remains shut down, for one reason and one reason only, because
quote
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democrats will not fund border security. >> the president has -- won't start with the facts the fact is president trump which is a chosen to hold hostage critical services for health safety well being of the american people and to withhold paychecks of 800,000 innocent workers across the nation many of them veterans. >> most presidents have used oval office addresses for noble purposes this president just used the backdrop of the oval office to manufacture a crisis stoke fear and divert attention from the turmoil in his administration. the symbol of america should be the statue of liberty not a 30 foot wall. >> here right now sarah huckabee sanders good to see you this morning. thanks so much for if being here. >> great to see you good morning. maria: i know the president
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has called a meeting today with chose democrats to go through you said a solution can bre done in 45 minutes. what should we expect from the meeting today as democrats seem to be digging in? >> let's hope democrats come prepared to actually do their jobs today, something frankly we haven't them do, over the last several weeks, agency this has been going on, the white house, and president have laid out a clear o he proposal that funds and protects our border something we absolutely have to do. i -- cannot believe that senator schumer would say the president's address was not for a noble cause i think there is no more noble cause of a president than fight and protect the people of this country which is exactly what this president is doing, exactly what he laid out last night. it is absolutely abhorrent that senator schumer would not recognize the severity what is taking place not want to work with president to try to fix
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it particularly when something he supporting voted for talked about continuous number of times over the past decade. >> so what is he say, sarah when faced with the fact that back in 2006 chuck schumer said we need a barrier on the southern border to keep out illegal immigrants like barack obama said it hillary clinton voted for it is anyone asking him why he is not for it now but he was a few years ago? >> we have asked him a number of times they don't have a good answer the only thing that changed in this process is who is the president. so the only thing that we can come up with us that the democrats and chuck schumer particularly care more about nieth against the president than they do about protecting americans they pushed this into a political game they have got to put that aside come to the table sit down with us work with us to will get the job done we hope they will do that this afternoon. >> chuck schumer a few years
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ago from 2009, watch this. >> above all else, the american people want their government to be serious about protecting the public, enforcing the rule of law, and creating a rational system of legal immigration that will proactively fit our needs rather than react reactively responding to future ways of illegal immigration people who enter united states without the our permission are illegal aliens illegal aliens should not be treated the same as people who entered u.s. legally. >> not only that there already is capitulating barrier on what 00 miles of the border already with nancy pelosi says, this wall is immoral why is that barrier not immoral. >> most insane amount i have ever heard not only have they talked about it in the past maria they voted for it supporting legacy that does exactly what the president is asking them to do. except he wants to do it
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faster to cover more ground look we are already building the wall we are already under contract to continue building the president wants to finish the job we've got to stop kicking the can down the road the idea that they push that this is an immoral cause to me what is immoral is doing absolutely nothing which is what democrats have done over last several weeks frankly since the president got into office over the last two years. they've got to come to the table they have got to work with us look the crisis is real when you have one in three women sexually assaulted making trek through mexico that is a humanitarian crisis, when 300 americans in a single week are dying from heroin overdoses we know 90% heroin comes from across our southern border that is a problem that is something we have to address the failure of democrats not only to recognize being it, but to do something about it is disgusting and that is exactly what is immoral i hope that they will show up today and work with the president get
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this done. maria: but at the same time president is leader of the free world it is on him to make sure things are going well the government is operating so now we've got this warning from fitchrating services they say u.s. in danger of losing aaa rating if this shutdz causes u.s. to hit the debt ceiling you are also approaching friday when this is a first pay period when those 800,000 furloughed people are not going to get paid, they have got bills to pay, they are going to see -- all of this pressuring persian gulf to people to the mailed apaez commensurates whatever way they want. >> he said he agreed to make all it steel barrier that was democrats' idea right you the what else can he do sarah. >> maria let's in the -- the be loss inherit the president doesn't want government shut down he wants to government to open he also wants it to do its job one of the fundamental
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goals that federal government has in the president in particular is to protect the people of this country. the president has to the fulfill the sacred oath he took in order to do that at the same time we want to protect federal workers the president in our administration are doing everything we can, to minimize the impact and we are going to continue looking for ways to do that, look we have time the democrats should come, work with us, let's get this done, nobody wants to see this continue. the president is already demonstrated a willingness to work with democrats, we've seen him, takeaway they said they didn't want a concrete we will said fine make it steel barrier they asked for technology -- ports of entry we included in the proposal we sent to democrats we still have not heard back from them on we put a proposal forward we still have heard nothing they haven't nourntdz have not he come to the table have follow the been willing to negotiate negotiate at all we hope we see different attitude we hope they get serious about protecting our border and
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protectings citizens of this cup. >> why did the president decide not to call for national emergency it is something looking at an option on the payable but president wants to work with congress there are three branches of government for a reason we would with like to be able to work together get this done. frankly there is not a difference if opinion they know there is a crisis but they continue to want to deny it they know we need border security they need to decide they want to actually put politics aside, quit fighting the presidential support something they know is right. >> so you think they just want to piet they just want to make sure that he doesn't have another campaign promise that he delivered going into 2020 that is what this is all about then? >> absolutely, there is no other logical reason -- >> too bad. >> they don't want to give the president a victory, and i think that is one of the saddest things you can say witness in american politics. >> sarah let's move to trade talks we are now in day three apparently, we understand,
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that the conversations have ended in beijing for today, markets are trading up, on this optimistic view u.s. chinese officials can reach a trade deal so what developments can you share do you think we are close in terms of something between u.s. and china? >> is this as the president said we certainly are hopeful we are optimistic we've got a team on the ground negotiations are ongoing, the president has a great relationship with president xi of china, and we expect that something will come of this i don't know the time exactly what that will look like but what i can be insurer of that we are moving towards a more balanced and reciprocal trade agreement with china, and something that will before american workers and that is something the president is not going to back down on. >> yeah, i mean the president is the first to push back on china. who obviously, wants to be number one alls industries u.s. wants to be yesterday we spoke with jamie dimon ceo of j.p. morgan i noted top five global banks are all chinese.
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and i know that they are telling african countries other countries across the world we will develop your telecom infrastructure all so they can tap into and spy so there are big issues with china, that probably i mean can you address everything as well as doing a deal just on trade or is the president focused just on getting trade numbers changed to get u.s. in a better position what about the intellectual property theft what about the spying? how do you change that culture. >> the intellectual property theft top of mind something partly of these conversations something the president brought up a number of times, both in the public sector as well as in private meetings that he had with president xi these are all things that will be part of the conversation and again we are hopeful that we can make a good deal with china we will see what happens from here. maria: so quick sarah deputy attorney general rod rosenstein announcing he is
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expected to departure department of justice agency officials telling fox news he wants to assure a smooth transition for incoming attorney general nominee bill barr what is administration response it clearly -- rod rosenstein was very much a part of okaying go ahead on warrant to spy on somebody from the trump campaign. >> i am not under any impression that he was pushed out or asked to leave by the white house, i know that he wanting to stay around two years he is very close to hitting that mark, we've got a new incoming attorney general somebody that my understanding is he has a great relationship with, has a lot of respect for, and wants to step out of the way let him build his own team around him, but wants to stay on make sure orderly transition as we move forward in this process, but i will leave all of those details that a announcement to come directly from department of justice and deputiening to. >> sarah good to see you this morning. thanks so much. >> great to see you thanks,
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maria: a rough start to the new year for apple stock down 35% from highs, now the company has more bad news about the latest iphone and production, gerri willis on if floor this morning watching markets including apple good morning gerri. >> hey. good morning maria that is right apple shares higher today but news is this, that they plan to reduce production of iphones announced with fanfare last fall including xs xsmax, some carry price tag in excess of 1,000 dollars producing for january march quarter iphones 40 million to 43 million compared to to 47 to 48 so a big cut back in production, coming, meanwhile, we are learning that the ceo tim took got a big pay raise, he will be paid 15.7 million
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for the year ended in september, that is a hike of 22% from the previous year, mostly driven by 12-million-dollar bonus, and when we revealed after cook told shareholders a week after they would miss earning estimates for the first time in 15 years, and finally mark zuckerberg releasing 2019 personal challenge you got to hear this he says, he is going to put himself out there, more than i have been comfortable with engage more, in some debates about the future of the trade ops we face whether we wanting to zuckerberg planning to meet with folks talk about future of technology those shares also higher this morning. maria: all right gerri thanks so much expecting again of a hundred on dow we will watch no compromise in sight what it will take to strike a deal following last night's draestsdz from president trump and democratic leaders then carlos ghosn denied again a japanese court rejecting a plea to end pro belonged
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detention we've got the very latest back in a moment. ♪ ♪ this scientist doesn't believe in luck. she believes in research. it can take more than 10 years to develop a single medication. and only 1 in 10,000 ever make it to market. but what if ai could find connections faster. to help this researcher discover new treatments. that's why she's working with watson. it's a smart way to find new hope, which really can't wait. ♪ ♪ comcast business built the nation's largest gig-speed network. then went beyond.
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maria: welcome back japanese court has rejected carlos ghosn appeal to end jail will detention. cheryl: tokyo district court rerejected a request by lawyers of carlos ghosn to end belonged detention since arrest in november earlier this week former nissan chairman declared no one else during a court hearing in first public parents since he was he arrested ghosn's lawyers launched a campaign hoping to speed up his release on bail, they are taking aim
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at japanese prosecutors, they are attacking key parts of the case being very public about it, if he doesn't get bail it could be six months he could be detained general motors workers walking off the job in canada again, gm plant in ontario holding a sit-in inside the plant protesting plans to close the facility union there confirming work stoppage following another protest yesterday. all of this coming after the head of the union met with gm to discuss proposals to keep plant open they waim away a empty handled shares of gm high in premarket up more than 1% right now, saudi arabia's energy ministers says saudi aramco is world's most valuable company this is saudi arabia -- is saying they have got more oil and gas refrgz than previously had reported even thought, there was independent audited done says reserves up to get this estimated 266 billion barrels of oil.
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bay, oil jumping big time you up almost 3% well over 51 bucks a barrel a lot of oil maria, back to you. maria: yeah, true, prices came back not all the way a fair amount dagen look where it is now 51 and change we were just talking about oil in the 40s gasoline a boost to ask consumers two weeks ago. dagen: good news if in oil business in united states, particularly down in texas, it will kind of put a floor in to any economic worries and in that part of this country i positive int to this again i mentioned earlier in the week steven short said market underestimating impact of electric vehicles on gasoline demand in this did you know coming years going to hurt demand for traditional fuel sooner than many people think because you are starting to see again, that tesla model three was one of the best-selling cars in the nation, last year.
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>> hmm, yep that is interesting, a short break when we come back dueling addresses president house democrats duking out over border wall funding a veteran raised nearly 20 million dollars to fund that wall here to weigh in next series getting a lifeline ceo edward almost a prt fwroo he go to participate in bankruptcy auction we take a look at state of retail after this. ♪ metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. i treat my mbc with everyday verzenio,
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morning. thanks so much for joining us it is wednesday, january 9 top stories right now 8:30 a.m. on the east coast, the shutdown showdown enters day 19 today, president trump and democratic leaders going lead to head last night over funding for the border wall, in p arrival speechlz sarah huckabee sanders telling us the
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president wants to end this shutdown. >> president doesn't want the government shutdown he wants to government open but also wants it to do its job one of the fundamental goals that the federal government has in the president in particular is to protect the people of this country, the democrats should come work with us, let's get this done, nobody wants to see this continue. maria: it comes amid a warning from fitchrating service u.s. could lose aaa rating if it oklahoma city close to hitting debt ceiling progress on china talks ushchina trade talks extended into a third day optimism rising a trade deal could get done the developments lifting zokz this morning again for third straight session, futures indicating a markets will open higher in about an hour from now, right here, this is the high of the morning, with dow industrials up 120 points one half p of a percent s&p 500 up 11 nasdaq up 34 also half a percent higher european indices following through on gains we
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saw yesterday on wall street ft 100 up 70 points better than 1% cac quarante in pairs up 63 points 1 1/3% dax in germany up 138 points 1 1/4% higher in asia overnight gains across the board best performer hong kong, hang seng up two and a quarter percent this fears of getting another lifeline, the struggling realer series has a week about discussed from brink of liquidation consolation brands losing buzz sliding after company released disappointing profit guidance for the year, clings brands sinking 1 angered three quarters% right now half hour with shutdown showdown president trump directly addressed americans last night on border security from the oval office sparking rebuttal from democrats blake burman covering this at the white house with more on standstill blake. reporter: good morning to you first time the president trump used backdrop of the oval office to address the nation, the president describing what is happening down at southern
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border as humanitarian crisis a crisis he said of the heart and of the soul the president also describing what is happening at southern border as a matter of national security. but democrats last night said that the president is simply manufacturing a crisis. >> president trump must stop holding american people hostage let's stop manufacturing a crisis. and let's -- open our suggestion a simply one mr. president reopen the government, and we can work to resolve our differences over border security. but end this shutdown now. >> however white house defending the president this morning saying that it is indeed a humanitarian crisis at southern border sarah huckabee sanders the press secretary telling you that there is nothing more noble than a president fighting for to defend his country. >> a failure of democrats not only to recognize it but to do
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something about it is disgusting and that is exactly what is immoral i hope they will show up today and work with the president and get this done. reporter: that show-up day 3:00 meeting here at the white house once again inside situation room between, congressional leadership and the president, that is 3:00 the president will head out to capitol hill for lunch with senate republicans, sarah sanders also telling you while the president did not declare a national emergency last night as realities to the southern border it is something that is very muching on the table, and option that they are considering looking into, but first, they hope that it is something that congress can solve. maria. >> all right blake thank you so much blake burman with the latest there, at the white house, joining me right now air force veteran purple heart recipient creator of the we the people will build the wall gofundme page brian great to have you on the program thanks so much being here. >> good morning, everyone. thanks for having me on. >> you have had incredible
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success undermine of raising money for this wall before we get to details, what did you think of the president's address last night? >> well i think he is standing firm standing strong what american people want we have been begging him asking for this the people want border security, the people want immigration, and these -- is representing the people why we elected them get the job done sick of waiting decades to get this done time has come time to get this done. >> why do you think democrats don't see it this way. >> they are playing games want a legal -- to control the people control the votes they want o to control krings all political agenda not listening to their constituents not listening to what people want, and they are just playing games they don't want trump to have the win that is what it is all about they don't want him to win they want their completely against him that is all it is not representing the people. maria: so you just took matter in your hands started gofundme palm help fund mexico
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border wall how much have you raised what reaction reception have you gotten. >> we are up so close to 0 million dollars, in you 20 million dollars rolling out a plan coming may be tomorrow or friday in a 20 million going to seem drop in the bucket when we go live with what we are doing, i spoke with the angel families steve, marian mendoza ridiculous for the democrats to say border security is immoral i dare them look in family in the face lost family member to illegal i am a yen tell them it is immoral that is not what this country is about we need to start protecting american premium this wall this wall gofundme has brought americans together that is what we're doing we are bringing americans together to get this wall don were one way or the other we are getting it done whether democrats like it or not we're going to get this done. >> we know many actually voted for the a wall in the past so it is -- losses credibility about immoral comment we've
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got 600 miles a fence in place for wall in place on southern are border. >> yeah, that is right, walls are proven to work look at israel's wall for instance lowered immigration or illegal crossing by 99% a proven fact we need to have a wall we need our border security we need to protect americans. and it is simple as that we can we are a nation built on legal immigration. we need the people to use front door yeah there is short accommodations with immigration system needs to be figuresed to a but democrats republicans need to come together work together on in to get this passed this is about our country, it is not about playing games. >> what are you going to do with money that of you raised if you don't raise the money that is actually needed what happens sort of when you get to a number not enough, what do you do with the money? >> i wish i could be more straight with you right now, but we're going to build the wall, and day or two when we come out with our plan it will all make sense we need every
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one to go to fund the wall.com getting our message need people sign petition when a we're going to do is something that has wanted been done in our country coming together on something since about world war ii when americans all came together we are going to all come together get the wall built. . maria: have you spoken to the president about your plans? >> i haven't spoken directly to the president i have spoken with members of his you know in the white house, and other people who are in politics, and we have pt gone over full plan with them but what we're doing is going to be you know, probably biggest thing done in our generation to come together we the people are coming together, and just every one has to wait ant. stay tuned for what we're doing it is coming out we are waiting on lawyers to roll out the plan it is going to be big. >> stakes are high this partial government shutdown furloughed nearly 400,000 federal workers some people have -- the number higher
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jamie dimon having his bank help customers sidelined by this you shutdown some federal workers have turned to gofundme for help paying bills what about that brian? >> i think you know gofundme platform great helps people this is a very critical time in our nation's history, we need to have a little we have to have sacrifice to overcome financial hardship i have given limbs, for this nation so many people died for freedom died for this nation i think financial hardship can go a listening way if we stick it out going to be companies corporations going to help people if having issues, we just got to keep true tours true to this border wall border protection i feel for my children and my grandchildren's safety in the future if we do not get this done, we have been promised for decades. maria: all right, brian thank you for is your service to great opportune we will watch your efforts gofundme page for building that wall thanks very much we look forward to your specific plans that you
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release later this week this you brian. >> thank you for having me. >> coming up next eye on markets futures set for hooifr opening renewed trade some of them stuart stuart weighing in on that coming up next a second chance for series sears edward lampert plans to participate the state of retail next up. ♪ ♪ gather new insights, leave your data protected on-site, and put it all to work with ai. the ibm cloud. the cloud for smarter business.
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maria: fooirlths pointing to root rally at start of trading this morning with highs of the morning right here up 13 1 points three kawinning traek mitch you talked real dagen what we saw with jobs good backdrop. >> no question i think people are not freakin' out -- >> technical term [laughter] >> but i think people are really focusing on the fact that there are way more tailwinds than headwinds there are some concerns about the global economy as you look closely at the u.s. economy every nugget of data that comes out like jobs' report friday is really encouraging when you peel back the layers of the onion look at underlying data even more encouraging i think the markets starting to focus on that. >> would i say i think you are right we will see what fourth quarter numbers bring us bring
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instartstart host of "varney & company" stu where we going from here? i agree. >> yeah see, i got a feel from the market it wants to go up, it seems like we have kind of cleared the decks with federal reserve, are we're trying to clear the deck with the china trade agreement, one way or the other, and next week we get the profit reports starting, and most of the expectations are pretty positive if you clear away the negatives that hung over market last three or four months you clear the deduct so to speak i think that is what you are seeing now dow up what 1100 points last three trading saegs, and we've got a triple digit gain in store for the opening of the market this morning i got that feel. the feel is the market wants to go up. it will open higher, but maria you and you both know i have no clue how it is going to close this afternoon. maria: the earnings as well that certainly one of the drivers fourth quarter earnings startle to go flow
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next couple weeks stu i know you will have a lot more about 5 minutes we will see you then. >> thank you. maria: "varney & company" o top of the hour 9:00 a.m. eastern after "mornings with maria" join stuart and great panel coming up sears getting a lifeline ceo edward lampert 4-billion-dollar officer on the table about what is at stake for the department store next pup ♪ ♪ ♪ place, the xfinity xfi gateway.
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for bankruptcy protection october announced plans to close more than 140 stores joining us retail me not ceo marissa, thanks for weighing in here, your thoughts on sears who are not it can revive itself. >> i think what we're seeing with sears a really good capital of brand electoral in midst of a significant transformation off 200ier old business o modeled the opportunity retail has specifically like sears a major change you see brands retailers like walmart, target even macy's taking the bull by horns with regards to capitalizing on mobile shoppers investing in stores in a different way, and looking at smaller footprints collaboration and using stores as distribution centers i think what i am hopefully for they continue to be aggressive with regards to what consumers are asking for omni channel
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solutions mobile shopping but still using the store as a home base. >> let me bring in panel dagen mitch chart of sears frankly painful. >> yeah, no question. and it is a segment of the retail markets that is really impacted because they had a hard time dealing with the onslaught of e-commerce not able to pivot figure out what with consumers really want what omni general looked like that is what happened. >> plenty of opportunity ahead i really am bullish about some of the ways again brands like macy's walmart addressing that i think they saw well ahead into what they needed to do for consumers what mobile investment, even acquisitions, and reshaping the store, 830% consumers still love to go into a is to er to shop we saw past hollywood season they are using mobile devices, and do have a different expectation at the store that is the opportunity ahead for sears.
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>> quick on this survey your company real me not out with survey on retail trends for 2019 what are they? >> the yeah, we are really excited about a couple of things around retail trends one obviously we are coming off a great holiday season, with growth in retail space, that was record-breaking we expect to see the same going into 2019. from p perspective excited about continuing to really invest on mobile strengthen capitalizing on mobile shoppers save across all categories retail also prescriptions a big thing. >> thank you more trouble for apple we've got it after this. s9 senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, and wake up
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market in particular apple, the market is expected to on up 120 points on dow industrials we've got much better tone apple is flat 150.48 last trade announcing slowing i felt phone sales something apple wants capital partner dan niles being predicted would happen said october 24 on this program things getting tougher for apple, very skeptical that company would be able to sell 1,000 dollar phones into emerging markets exactly allow this played out mitch roschelle your reaction as we get news the company is cutteding production of the iphone. >> one of the things they are doing which is reported overnight they are going to up trading program, as way to boost sales a lot of sales are through the telephone companies, but they are going to try to find a way to stimulate sales for the at least first couple quarters of the year having trading program see if that incentivized people to take their you know year or
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two-year-old phone swap out for something new creates new product flow. >> i thought one thing dan niles said this weeking so smart was the fact that 5g is coming dagen, if you know 5g is coming you know you are going to need updated phone why would i buy a phone now, if the iphone is not capab compatible to 5g makes sense not to mentioned emerging markets can't afford 1,000 dollar phone two or three. >> sflef for sure i wondered -- mitch mentioned about boost in trade-in offers by apple does smell of separation you are talking about iphone x r being promoted on web site, offered at a price 449 dollars with a trade-in older phone rather than starting retail price 749 dollars, so that looks bad but i pointed to this that there were two things that really triggered this market sell-off
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everything else was just another excuse. but it was the overvaluation in technology which has somewhat been corrected by downdraft in stocks then it was a federal reserve. and i would caution people everybody seems to say oh well jay powell headed of the fed last friday said they are paying attention to data very cognizant of the balance sheet reduction and they could change course, if need be. -- but again this means that everything that the fed chief says everything that vice chair has to say both speaking tomorrow could move these markets. and because here in looking at every bit of economic data that comes out every move in financial markets. every report out of major companies to decide whether they stay course or not, and i think that there is still that that volatility that will be built around our central bank that is going to be for months to come. >> yeah, meanwhile, the markets seem focused on this trade conversation, three days
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of trade talks between u.s. and china go has been a positive i got to give kudos once again to dan niles because he called it he nailed it back on october 24th stock is down, 30% since he made that skeptical call about apple, we had him on again yesterday what he said about real problem facing the company day. >> apple doesn't have a 5 gphone if i convince spend ,000 bucks does it have 5g no, no way i think this year could actually be worse than last year, in terms of how much the smartphone market shrinks apple not having 5g is an even bigger problem carries like samsung are going to to, samsung will roll all foldable phone a million yunts not much another feature apple is not going to have if you are trying to sell highest priced phones out there, it i really hard to convince consumers to do it so i think apple is focusing on you know, the
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wrong things right now. maria: there you go, dan niles nails it again i put a couple things on instagram i want you 20 know i have been much more active on instagram you know my -- the ocean, so i have been posting a lot on instagram so i am following you, following you mitch, and i am loving it loving postaling all pictures on instagram i just want to say i hope our viewers go there at maria bartiromo at mornings maria check out pictures i am posting. dagen: i want you to get another dog we pretty much post photos of our dogs -- waiting for -- >> new year so i am going to do it, thank you to all our law enforcement it is law enforcement appreciation day! so i want to say from my home to yours, thank you for all you do to keep us safe, that is a shot of me with law enforcement when at the convention a couple years ago dagen remember that trip.
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we had a great coverage of the convention democrat and republican. dagen: post this fought on instagram right now when you get off the air, okay? >> i will. i will thanks, everybody great to see you thanks for joining us everybody, stay with >> thank you very much maria good morning everyone. right off the top, opinion -- i think the president won last night. his oval office address was presidential. appealing to all americans. and establishing that there really is a border crisis. he offeredded degree of compromise of stealing steel barrier rather than concrete wall schumer an pelosi offered democrat response and it was a contrast again in my opinion, they looked angry, at eases and offered it no compromise at all. they wouldn't even use that word. and the accuse they accused the president of manufacturing crisis, in fact, in my opinion it i
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