well, russia witch hunt report. that's it for us tonight. we thank you for being with us. congressman frank rooney, gordon cheng and jason chaffetz join us tomorrow. hope you will as well. thanks for being with us. i have the absolute right to do national emergency if i want. my threshold will be if i can't make a deal with people that are unreasonable. cheryl: is president trump getting closer to declaring a national emergency over border wall funding? he's heading down to the border today. lauren: u.s. ambassadors watching wash washington, chind the fed. markets are down across the board. the nasdaq is down 46. cheryl: oil prices in focus after surging 5% yesterday, a little bit of an adjustment today. lauren: this is how european stocks are trading at this hour. they have turned negative. the worst performer here is the

cac in paris, down three-quarters of 1%. cheryl: stocks in asia, mixed story, the hang seng a slight gain but the nikkei in japan sinking 1 1/4%. lauren: the government shutdown could affect two giant initial public offerings. "fbn: a.m." starts right now. 5:01 a.m. in new york. it is thursday, january 10th. good morning. i'm cheryl casone. lauren: i'm lauren simonetti. let's get to it. president trump is heading to techs atexas this morning. he wants to boost his case for a border wall or steel slats, after he walked out of yesterday's meeting with democratic leader. cheryl: blake berman has the latest. >> reporter: there was a lot of movement on wednesday with apparently zero movement.

president trump met with congressional leadership in the situation room. it appears that couldn't have gone any worse. the president tweeting afterwards, quote, just left a meeting with chuck and nancy, a total waste of time. i asked what is going to happen in 30 days if i quickly open things up, are you going to approve border security, which includes a wall or steel barrier. nancy said no. i said bye-bye. nothing else works. chuck schumer and nancy pelosi gave their play by play, confirming that the president walked out of the room. >> unfortunately, the president just got up and walked out. he asked speaker pelosi, will you agree to my wall. she said no. and he just got up and said then we have nothing to discuss and he just walked out. again, we saw a temper tantrum. >> reporter: fitch's head of global sovereign ratings gave a warning, saying if the shutdown continues until march and if there are debt ceiling issues after that, then the u.s.'s

triple a rating could potentially be at stake. back to you in new york. cheryl: we're going to talk about that in a few moment. as the you shutdown continues, some federal government workers and contractors have opened gofundme accounts to raise money for themselves. there are currently about 1,000 gofundme campaigns, so far that's raised $100,000 collectively. lauren: the shutdown affecting the ipo market. the partial closure of the s.e.c. forcing some companies that are seeking to go public including lyft and uber to push back their plans. many biotech and healthcare companies are looking for alternatives to an ipo in case the shutdown lasts longer. cheryl: well, let's get to what's happening with trade. u.s. and chinese officials have ended three days of trade talks in beijing. the first face-to-face negotiations since a tariff truce was announced last month. lauren: edward lawrence has te

latest developments from washington. >> reporter: good morning. the meeting in china wrapped up and they're now back here in the united states. the discussion according to the u.s. trade representative's office went well and they were able to move this forward to possibly another meeting at if end of january. in a statement released from the u.s. trade representative's office, they said, quote, the officials also discussed the need for any agreement to provide for complete implementation subject to ongoing verification and effective enforcement. trade sources are telling me the two sides are h are very far ap, the chinese have not made any movements towards changing their policies, towards reforming their system. the white house says they're positive there can be a deal. lauren: from trade to the fed, we'll hear from the federal reserve chair, jay powell today, his comments follow minutes from the fed's december meeting which showed that officials were divided on the need for additional rate hikes.

the fed did raise rates for a fourth time for 2018 but the fed has changed its tone since and so has jay powell. his comments last friday helped trigger a stock rally when he said the fed would be flexible in its policy decisions for 2019. cheryl: well, amazon founder and ceo, jeff bezos, announcing that he and his wife mckenzie have decided to divorce after 25 years of marriage. the two married in 1993 after they met at a hedge fund in new york where they both worked. bezos, the richest man in the world, is worth about $137 billion, according to forbes. if there is no preu prenup. mcken. >> mckenzie bezos could be heen. lauren: i think of steve wynn and what happened in that divorce. the former nissan motor

chairman, carlos ghosn, is expected to be indicted again in japan. cheryl: again. tracee carrasco has that story. unbelievable, tracee. >> reporter: goo.tracee: japans plan to indict ghosn on two more charges of financial misconduct, very soon. ghosn who has been detained since his arrest in november is likely to be formally charged with aggravated breach of trust for temporarily transferring personal investment losses to nissan in 2008 as well as for understating his pay for three years. cheryl: which are things he was charged with before. it's like he's adding to the initial indictment. they just want to keep him in jail. that's incredible. a last ditch effort to save sears, where are we? tracee: sears reportedly received a last minute offer yesterday that could save the retailer from liquidation. reuters is reporting that chairman eddie lampert's hedge

fund came through with a revised version of his proposal to acquire about 425 stores and keep 50,000 people working. lampert submitted a revived $5 billion bid after his initial $4.4 billion offer was rejected. sears will consider the new bid during a bankruptcy augusts on january 14th -- on january 14th. lauren: 50,000 jobs at stake here. an iconic new york building is up for sale. tracee: it sure is. according to a minority owner of the building and a broker hired to market the property, the chrysler building, a defining piece of new york city's skyline, has been put up for sale. it is 90% owned by the abu dhabi investment council, a sovereign wealth fun. the asking price for the building not yet revealed. cheryl: that's the best part of the story. oh, man. tracee: sorry, guys. lauren: we should make guesses. thank you very much. cheryl: taking a look at

markets, stocks actually ended higher for a fourth straight day yesterday with the dow industrials racking up the longest winning streak in two months. but we've got a partial government shutdown underway right now. could that throw coldwater on the rally? let's bring in rebecca walzer, wealth management ceo. good morning. >> good morning. cheryl: this shutdown, we talked about it in the show already, the ipo market normally in january except for three years in the last decade we've had at least a couple of strong offerings in the ipo market. looks like nothing, partially because the s.e.c. is shut down but also investors seem to be weary about what this could do to the overall economy. >> investors do not like uncertainty and obviously we've had some very positive movement from the fed and that has been helping the market the last few days, but the meeting yesterday with president trump walking out was not helpful at all. cheryl: no, and that actually -- we saw the market actually

dip right as the news broke that he basically walked out of the room. it was interesting, because it's well-known that president trump likes to look at the stock market, it's somewhat of a barometer i think he believes as to his performance as a president. the markets, all the volatility, some would say the disrupter in chief, which is a lot of -- which is the reason a lot of folks wanted him in office, is kind of adding to the market volatility. is that a fair assessment? >> i don't necessarily know if that's fair. it's really hard for a president in his position to have a long-term policy that he ran on, frankly, and he's been in office for two years, i think he's feeling pressure to deliver on that biggest promise of the wall. the market is short-term, use know, day-to-day r, everything impacts it immediately. he's looking at a more long-term trajectory here. we know that he does track the market and it is a barometer for him of how the economy is doing. we don't like a shutdown, an extended shutdown. however, i think he went to the

oval office, had his first address to let investors know, let the world know, let the u.s. know, let the democratic leaders know he's in it for the long haul and he's looking for the wall border funding. we have the uncertainty of the government shutdown, the second longest. we had a longer one under bill clinton. we don't have a lot of historical data to say what does the market do when we have this happen. the other impact is if the irs, which the commissioner's already said that the returns will not be delayed, that they will start to call back furloughed workers, but we're expecting rebate checks to affect obviously january sales numbers so that could happen. cheryl: we should add, we mentioned this earlier, that fitch warned an extended shutdown could hurt the u.s. credit rating. it could be in jeopardy. you have to wonder if investors are reacting after four days of gains to the uncertainty out of washington. a lot at play right now. thank you for being here, we

appreciate it. lauren: you mentioned four days of gains. futures are givenning some of that back this morning. s&p is down 11. nasdaq is down 34. don't go anywhere. we're looking at netflix stock this morning, it's been soaring since it won big at the golden globes on sunday and its investment in original content like this is certainly paying off. >> under no circumstances are you allowed to take off your blindfold. lauren: blindfolds saved sandra bullock. could netflix save the tech sector? is it the stock to watch in 2019? we discuss. kevin hart will not be hosting the oscars after all. how the awards show is scrambling to fill the slot, but not how you might think. we'll be right back. ♪ keep on, don't stop till you get enough. ♪ of growth opportunities

with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield℠ annuities from brighthouse financial, established by metlife.

lauren: shares of netflix jumping after the company took home five golden globe awards on sunday. netflix is also one of the tech sector's biggest gainers since the stock market hit a low point on christmas eve. we bring in we' wed bush securis managing director dan hive iveso discuss if netflix is the new star of tech. dan, welcome. >> great to be here. if you look at fang, you've seen

the dow downdraft after the lasw months, netflix has been a shining light there. part of it has been the content focus. right now, there's been $8 billion a year on content. there's a content war going on. and that's really going to be the highway to the next growth area. i look at names like amp son, apple, -- amazon, apple, other tech players hopping in there. i think investors are playing the content trade for 2019. also, there's rotation going on from names like apple to netflix. i think partially a benefit there. lauren: netflix doesn't have to worry about privacy a and they don't have hardware that they sell, so does a that differentiate them? >> that's a great h question. privacy, a non- issue. china, not an issue. you look at the other swirls in terms of the supply chain and other things and even things that amazon's seen on cloud, that's why they as a fang name

have stuck out here. i think investors are focused on content, the disney, fox, you have apl pel apple potentially g their hat in the ring, can netflix continue to stay at the top of the heat, just given content? i think what you saw at the golden globes and what you're seeing around just overall award season is there's more credibility to non-hollywood traditional content. i think hollywood's shakeing in their boots. lauren: netflix won five golden globes so maybe hollywood is shaking in their boots. do you think when disney launches their disney plus service later this year, that's got to be one of the bigger challenges that netflix is going to face? no? >> iger and disney have doubled down. obviously with the fox acquisition being key. you look at disney, what they have from a content perspective, i think that's changed the whole game. i think what iger is doing right there with disney streaming, that's really the biggest threat. but also one to keep an eye on

is apple. i think apple aggressively goes after content in 2019, not just organic but with acquisitions and i think that's something a lot of investors are focused on, how apple could disrupt the industry. i think netflix is keeping one eye open on what's happening in sonar a.lauren: should apple he bought netflix? >> i think they should have bought them. i think they're for it as they have a lack of consistent tenter on the services side. apple is going back to the drawing board, thinking who they buy and how aggressive they go after it in 2019. there's an rac arms race in con. lauren: the iphone is not the bread and butter anymore for apple as we've been learning. thank you very much. cheryl: futures, four days of gains. we're looking at a negative start to trading today. shutdown pressures, obviously

u.s./china trade talks in focus for folks, dow down 86, s&p down 11, nasdaq down 32 1/2. coming up, a tale of two feds as jay powell said it will back you off aggressively hiking interest rates. not all of the committee agrees. we'll have the latest. tom stire is putting 2020 speculation to rest. >> i am not running for president at this time. i will be dedicating 100% of my time, effort and resources to one cause. cheryl: he's not bowing out completely. where the democratic mega donor is now focusing his energy. you're watching "fbn: a.m.." ♪

val, vern... i'm off to college and i'm not gonna be around... i'm worried about my parents' retirement. oh, don't worry. voya helps them to and through retirement... ...dealing with today's expenses... ...like college... ...while helping plan, invest and protect for the future. so they'll be okay... without me? um... and when we knock out this wall... imagine the closet space. yes! oh hey, son. yeah, i think they'll be fine. voya. helping you to and through retirement.

amazon prime video so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all included with your amazon prime membership. that's how xfinity makes tv... simple. easy. awesome.

cheryl: welcome back. after four days of gains for markets we're looking at a negative start to your thursday. dow down 108, s&p down 13 3/4, nasdaq down 33 3/4. iran cairan confirmed it arrestd michael white but has not said why. they say u.s. officials were made aware of the arrest immediately. white's mother said he has been missing since july. he's been to iran five or six times prior. kim jong un and xi jinping wants denuclearization talks between the u.s. and north korea to start back yo up. it was kim's fourth time visiting china in a year. stamp prices are going up. the u.s. postal service will ditch the 50-cents forever stamp ostamps on january 27th.

they lost $3.9 billion in 2018 due to drops in mail volume as well as healthcare and oscars costs. the oscars will not have a host for the first time. they will select celebrities to present throughout the night. kevin hart was originally picked as the host but old tweets from 2009 resurfaced forcing him to step down. the awards will be on february 24th. maybe that will help the ratings a little bit, a little less politics. lauren: i happen to think that might be the case. cheryl: maybe. lauren: stay tuned. markets are down right now, first time in five days, dow down triple digits, s&p down 13, nasdaq down 40. that's the premarket. 234euanything can happen come te closing bell. president trump and democrats are at a stand still over the border wall as we enter day 20 of the government shutdown. >> i may do that at some point. we don't give up.

lauren: will democrats give up or are wee we headed towards a national emergency declaration? you just dropped 300 bucks on a plane ticket but are you ready to pay even more once you're on the plane? tomato juice, the pretzels, they may cost a pretty penny. you're watching "fbn: a.m." ♪ if nothing gets done it will never be right. ♪ don't shut them down. ♪ don't shut them down. what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the first type 2 diabetes pill with a lifesaving cardiovascular benefit

for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters.

so, the whole world is talking about ai. big, bold promises like... it'll find life on mars! but here's the thing. you don't live on mars. (beep) you build wind turbines. supply car parts to thousands of cities. answer millions of customer calls a year. like this one: no, i didn't order this. it's terrifying. and that's why you work with watson. hello. it knows your industry, protects your insights, and works with tools you already use. that's why it's the best ai for the job.

lauren: the great rate debate, federal reserve chair jay powell speaks today. markets will certainly react. cheryl: taking a look at what investors are watching, it's about the shutdown, it's about trade, after four days of gains futures are negative this morning. dow down 96, s&p 12.5, nasdaq down 36 and a quarter. lauren: after eight days of gains for oil prices, they're down as well, down 23-cents.

cheryl: european markets on this thursday, initially they opened in the green. not anymore. ftse, cac, dax, all negative. lauren: i have one green arrow for you it is, the hang seng is up about a fifth of 1%. the rest of asia is lower. cheryl: the richest man in the world filing for divorce. could amazon shareholders be impacted? "fbn: a.m." continues right now. we're approaching 5:30 a.m. in new york. it's thursday, it's january 10th. good morning, i'm cheryl casone. lauren: good morning, i'm lauren simonetti. let's talk about the stock market. this has been a nice start to 2019. the dow is up more than 2% this year and we got comments yesterday from the fed chairman, jay powell. the minutes from the last meeting, and that helped to soothe the markets a bit.

we ask are wall street and the fed finally on the same page? is the fed listening to what the market is telling it? and should it? danielle demartino, a former dallas fed advisor joins us now. what do you think? should the markets thereon the fed and should the fed thereon the markets? >> should the fed listen to the markets is the better he better. investors don't have recollection of pre-greenspan days where mone monetary policys made to reflect the situation in the economy. that is no longer the case. a lot of people were hoping jay powell would break the mold of his three predecessors and not placate investors but he's clearly shown that is not the path that he's going to do. he does appear now to be a yellen and better na better berf

clone. he was hawking in dieciou decemd doveish in january. lauren: did he lose his credibility? >> i think he did lose his credibility. one of the things he had done as a fed chair, as somebody who came from the private sector, who understood how business was done, was he had not previously allowed the fed minutes to be doctored. it was fairly apparent p given yesterday's minutes release that they were definitely massaged, modified, call it what you will, after the fact. lauren: i've never heard that before, danielle. i know you used to advise the former dallas federal reserve bank president. have you ever seen anything like that before? >> absolutely. in the 2008 transcripts, transcripts are released with a five year lag, janet yellen said if the markets do not like the message that was consistent viee can use the minutes as any other tool in the toolbox, it's a

matter of public record that she said that. lauren: do you think the federal reserve and jay powell are cow to youing t to towing te administration? >> i don't think powell is political. he was asked if president trump asks you to resign, will you. he had a one word answer, that was "no." optically it doesn't make a difference. it appears he's bending to the whims of the administration. it will be difficult, i think, for a lot of fed watchers, people who know the fed's history, for him to win us back via his credibility, given he has been flip-flopping so much. lauren: so many federal reserve officials spoke yesterday, more are speaking today. they're sending the same message, that the fed is essentially on pause. but is a quantitative tightening on pause as well. >> that's the big question. that's what investors are going to be tuning in to to listen to today. there were four pages of minutes dedicated to the size of the balance sheet yesterday.

what's on everybody's mind is trying to figure out when and if the fed is going to pull the plug. over four months that go by, every single $50 billion of shrinkage, quantitative tightening equates to -- excuse me, every $200 billion of quantitative tightening every four months we get the equivalent of another rate hike and tighter financial conditions which the stock market doesn't like. lauren: that could be the biggest take-away or the biggest question that jay powell answers or addresses today is what are they doing about the quantitative tightening and how that affects the stock market. real quick, are we headed towards a recession in your view, danielle? >> i think we are. i think the train has left the station, i hate to say. we looked at labor market indicators, outside of the economiunemployment rate, of wen the data weaken since august. lauren: great to have you on,

on this topic especially. cheryl: the great rate debate continues. well, president trump now raising the possibility again of declaring a national emergency after negotiations with democrats to end the government shutdown broke down yesterday. >> i have the absolute right to do national emergency if i want. my threshold will be if i can't make a deal with people that are unreasonable. we can all play games but a wall is a necessity. all of the other things, sensors and the drones, it's all wonderful to have and it works well but only if you have the wall. if you don't have the wall, it doesn't matter. cheryl: let's bring in phil wegman. is the president playing a dangerous game? democrats have already said if he uses emergency powers here, they will immediately take it to the courts? >> i think at this point all signs indicate that we are headed toward the president using some type of emergency power to get this wall and like you said a second ago, this is

going to launch us into some sort of constitutional crisis here because either congress is going to step up to the bait and rebuff him or they'll take it straight to the courts and have a legal challenge there. either way, the way a that the incentives are set up right now, if you look at all of the stake holders, nancy pelosi, mitch mcconnell and president trump, they all have incentives at this point not to change anything and so i think that we're going to see president trump go out and go it alone. i think he'll be making that case today when he's at that ate southern bor border. cheryl: the only one that is looking for middle ground is lindsey graham. who is the president listening to right now. we're about to hit a record shutdown for the country, midnight tomorrow night it will be the record number of days ever for the united states of america to not have all of government open. >> not only will it be a record here. i think what we're going to see is there's going to be pain

that's going to be inflicted on a lot of these government workers now. they aren't getting paychecks. before that was mitigated because this was a shutdown where 75% of the government was funded and it happened over the holidays. so a lot of the pain was mitigated. but now i think that we're going to start seeing more pressure moving forward. but looking back at that presidential prime time address, you saw president trump returning to his campaign promises, that he's going to get this wall no matter what and so at this point i don't think he can be pushed away from that position and, yes, lindsey graham has been pushing for this sort of daca for wall compromise but at this point i think that the horse is out of the barn and it's too late. cheryl: what about, phil, the markets? look, we're a business show here. we're watching the futures this morning. the dow is down 103 in the premarket after four days of gains. things have been going okay with china. and then now you've got investors saying wait a minute, the brakes are on fitch is warning about the fact that we

could be hurt as a country, our credit rating could be at risk if the shoulddown continues. the president is well-known to watch the markets as the barometer of his presidency. isn't that something that could sway him to get to the table and work something out with pelosi and schumer? >> right now what president trump needs to do is he either needs to get the wall or he needs to give his base the understanding that he is fighting so that when they go into the voting booth in 2020, they know that no matter what, whether he got that campaign promise achieved, that he actually made an honest effort at it. like you mentioned a second ago, the markets definitel definitela feather in his cap. if the markets do begin to tank as a result of the shutdown, if we see more economic pain, i think that could move him away from that but i think it would need to be significantly -- it would need to be very significant, it would need to be very drastic. at this point he's dug in and i don't think he's changing his position.

cheryl: phil, it is a dangerous game of chicken, that's the way we're going to leave it. it's great to have you on the show, good perspective. lauren: the president gave out candy yesterday. that couldn't even sweeten the deal. cheryl: he may be cancelling his trip to davos, that's two weeks away. what does that tell you about -- they think this is going to go on. lauren: fitch, the warning on the triple a credit rating, that's march. this could be prolonged. we have a major recall to talk about from toyota. it has to do with potentially deadly air bags. cheryl: tracee has that tore story. tracee: this is involving potentially deadly takata air bag inflaters. they contain chemicals that could explode with excessive force. they include several model years of the toy yow fou toyota four .

go to toyota's website to see if your car is affected. ford had a recall last week as well. cheryl: takata has had years of recalls and it hasn't stopped for them. one airline wants you to tip your flight attendant. tracee: curious to hear your thoughts on this. frontier airlines started allowing passengers to tip flight attendants in 2016. they used to split their tips on each flight. this year, the flight attendants never have to pool their gratuities. this happened as the union and the company tried to reach a contract for the last two years. frontier saw the gratuity as a way to supplement pay. cheryl: i don't like it. they're there to save your you know what if there's a crash or a medical emergency. they're not your waitress. people treat them like that,

unfortunately. i'm biased. tracee: you're basically saying you wouldn't accept a tip. cheryl: i never did as a flight attendant. i never took one. lauren: one more, tray you sigh. it'tracee.lamborghini has a mas. tracee: they created a top of the line massage chair. it has the aesthetics and paint job of a l l a lambo with a ste tag of $30,000. it has a brain massaging mode, unveiled of course at the consumer electronics show in las vegas. lauren: that's the coolest thing coming out of that show. tray circumstance thank you very much. cheryl: well, this isn't so cool this morning. futures are down after four days in a row of gains. the nasdaq is down 41 1/2. the coach's carousel continues for the nfl as new coaches get named but not all the fans are happy. shocking.

and how one beer giant is doubling down on its super bowl bet. you're watching "fbn: a.m.." ♪ baby don't you want to come with me? ♪

lauren: the coaching carousel keeps turning. cheryl: jared max has the

latest. i'm sure fans are not happy about this somewhere. >> driving into work this morning, listening to sports radio, didn't hear one new york jets fan who was anything but really pessimistic. two mornings ago there were seven head coaching jobs available. now it's down to two seats. the new york jets expected to name adam gace the head coach. he was fired by the miami dolphins. denver broncos choose vic fangio. and the cleveland browns begin with freddy kitchens. bill belichick, we know he has little patience for reporters who ask questions about topics they don't know about. like this one this one yesterda. >> do you see any similarities with williams? >> williams. >> wide receiver. >.>> bill belichick bothered tht

the person didn't seem to know which of the two williams receivers he was asking the question about yesterday, there's mike and tyrell on the chargers. tyler murray under contract to play baseball for the oakland as. they expect him to enter the upsoming nfl draft. spring training is right around the corner. tough to do both, even though he said he would like to. nothing like getting hit in the head, especially when you don't expect it. look what happens to james harden of the rockets last night. the mil assist, and a 7 point wn for the bucs. super bowl liii is coming and so are the clydesdales which means some of the great commercials. budweiser said they will purchase five and-a-half minutes of ad time in super bowl liii. we always see great budweiser ads. cheryl: bud light, it's the second largest sponsor of the

nfl. >> it's one of those great ads. cheryl: bring on the clydesdales. thank you very much. jared's sports reports are on fox news headlines 24/7, sirius xm channel 115. lauren: don't go anywhere, we have -- selloff is a strong word. it's a slight decline in the futures. we've seen it a lot worse. the world's richest man is divorcing his wife of 25 years. she's also the biggest shareholder in amazon. how could that affect jeff bezos' stake i amazon and and te future of the company. and remember this? ♪ don't you want somebody to love. ♪ don't you need somebody to love. ♪ wouldn't you love somebody to love. ♪ you've got to find somebody to love. lauren: you can relive the woodstock experience this year. we're going to tell you how.

♪ and it lights up the night. ♪ and you see you're a gypsy. ♪ ll. this is why voya helps reach today's goals... all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement.

lauren: let's get you caught on what's happening now. we have a downdraft this morning, dow is down 89, s&p down 12, nasdaq down 35, first down days in five. mike pompeo made a surprise stop in iraq yesterday. they are urging pompeo to keep a military presence in the country. he will meet with egypt's president today. tom steyer will not be running for president in 2020. he confirmed the decision during a trip to iowa, ending months of speculation. steyer said he will devote 100% of his time to impeaching president trump.

and woodstock making a comeback for its 50th anniversary. and it will feature some original headliners from 1969. there will be 40 performers booked for three stages for the three-day festival in new york. the festival will feature some newer bands that will pay tribute to the artists of the originalled woodstock. specific performers will not be announced until tickets go on sale next month and, cheryl, wow, is that the crowd? cheryl: that's going to be really fun. that's the original woodstock. obviously it's famous for the crowds that it gathered in this tiny new york town. i can't wait. lauren: let's get tickets. cheryl: switching gears to this, you have probably seen the headlines this morning. amazon founder and ceo, jeff bezos, is getting a divorce with his wife mckenzie, they've been married for 25 years. he's the richest man in the world, estimated $137 billion net worth according to forbes. let's bring in attorney emily

campagna to talk about how this could be divided and where could this go. the biggest question is where they file as to how the divorce will play out in a court of law, correct? >> correct. if there's no u contract in plae of what they're going to do with their assets, then, yes, the site of where they file for divorce determines how their assets are divided. cheryl: this is being characterized as the most expensive divorce in u.s. history because of his fortune. she's also the largest shareholder in amazon. there is precedent, if you recall, steve wynn's ex-wife when they divorced, she went after a controlling stake in wynn resorts. jack welch's wife exposed all the perks he was getting at the ceo of general electric at the time. this could really take a negative turn, considering there are reports, multiple reports that he's been having an affair with one of their friends. >> i agree with you, there's

absolutely of course always potential for a contentious playout or a lengthy litigation which honestly would be shareholders' worst nightmare. i will say that thus far, the tone that they set, especially with the statement where they said they went through a loving exploration, they've been through a trial e separation, tt points to the signs this could be an amicable divorce. she's one of the first employees, she helped him grow the business. they have a dedicated home life. he doesn't schedule meetings prior to 8:00 a.m. so they can spend time with the family. they probably having in place before they made the announcement. and b, this won't be that kind of contentious situation that we saw, for example, in the wynn divorce or others, frankly. cheryl: his stake in amazon, 16.3%. but 95% of his fortune is tied to the company, is tied to amazon and yet things seemingly are starting off okay, but precedent does tell us another high profile even celebrity

divorces, that can take a state your name for the worse. what time frame are we looking at here? >> it could drag on for quite some time. it depends how much movement they've made thus far. have their lawyers of crafted an agreement? he's the 28th largest land holder in the country and, so, in that regard as well there's assets to be had there as well. also, in terms of his fiduciary duty, what he owes the board in terms of the shareholder, whether or not they created something new, perhaps the lawyers have crafted different voting classes so he retains the voting interest while giving her some type of share increase as well. those are things that he has to disclose if it would affect any board's decision ahead of any type of regulatory commitment he has to them. it remains to be seen. yes, their wealth is tied up in that. she's a novelist. she has her own career as well. i don't see the contentiousness here that predict -- that's

predicted. cheryl: we'll have to see. the affair side of it is something that's now that that's public, you have to wonder where that will take both parties. you never know. this is a personal matter and i'm sure upsetting for both of them. emily, thank you very much for being here. this is a story we'll be following for a while. lauren: coming up, will the partial government shutdown throw a wrench into the wall street rally. our next guest says shutdown shmutdown, you know who it is, when we return. ♪ i just want to fly. ♪ put your arms around me, baby. ♪ put your arms . with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield℠ annuities from brighthouse financial, established by metlife.

. .

lauren: longest partial government shutdown in history r markets fed up, scott shellady, managing director of tgm europe, scott, why are stocks down today? >> we have been up 5 days in a row and it's not bad that we are down today because it seems when we come back in we slap when we come in higher. trade tensions, the markets just taking a breather, it's done very well after the december we've had. cheryl: shutdown smackdown. >> we've had 6 of them, half of them under reagan. it's more theaters than optics. cheryl: that's fine.

i wanted to get your verbiaging. we got a kick out of it in the studio. the fed is finally eye to eye it seems, what do you make of the fed? >> i have been writing about this for a while, i don't know how strong it is and how easily we can get knocked off course because of this, we have been throwing everything in the kitchen sink in our problem. people putting gasoline in economic engine, what's coming out of exhaust is not what we have been putting on. we are not getting everything, something is missing, something is broken and that's what powell's job is to do to fix. he shouldn't slow the car down, he needs to pull over to fix what's wrong with it than keep things in motion. everything that we have done to the economy and we can't get inflation, that's the problem we should be worried about it. lauren: scott shellady, thank you for the perspective.

cheryl: shutdown schmuckdown. dagen: it's not a word that i will attempt to say, i will mess it up and get fired. good morning, i'm dagen mcdowell in for maria bartiromo, thursday january 10th, top stories at 6:00 a.m. eastern, wall street turning to red this, futures showing losses across the board. dow futures down 124 points but we have had the best 10-day performance for the markets since july 2009. so almost a decade, it's been a great turnaround for the stock market but, again, we have losses across the board this morning, yesterday we had gains, biggest gainer there the nasdaq composite up almost 1%, investors hopeful after third day of trade talk with china, china commerce ministry saying both sides have agreed to keep

in close contact. federal reserve believes it can be more patient on future rate hikes. jon hilsenrath told you that last friday, in the meantime federal reserve chief jay powell to speak later today about noon eastern time in washed answering questions on the economy, the interest rate situation and that balance sheet reduction. yesterday's gains part of fastest rebounded, told you about that since the close, remember that nasty eve selloff, since the close, dow and s&p up down almost 10%, over in europe we have losses across the board as well, in england, france and germany and asian markets mostly lower overnight. hang seng closing higher by almost a quarter of a 1%. and it is day 20 of our government shutdown, president trump will travel to t