tv FBN AM FOX Business January 14, 2019 5:00am-6:00am EST
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since about june 2015, as i recall, and doing so effectively. as he will, i'm sure, tomorrow night. good to see you, ed, thank you. >> thank you. lou: we thank you for being with us, good night from new you how you expect this to end when you tell the president of the united states you can't get -- you get one dollar for a wall when in the past democrats have appropriated billions for the wall. what is he supposed to do, just give in? he's not going to give in. cheryl: who will give in. we're in day 24 of a government shutdown, the longest in history as president trump demands democrats to get off the beach and come back to work on the border issue. china's trade surplus with the u.s. hits a record and not the news the white house wants to hear. what this means for the trade at thitit-for-tat. cheryl: a lot of pressure on the chinese data we got out overnight, that's affecting futures this morning, the
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weakening economy dow down 204, nasdaq down 66 and a quarter. tracee: asian markets down as china reports a slowdown in exports. the nikkei closed with the hang seng down over 1%, the shanghai down three-quarters of one percent. cheryl: we've been watching a bull market in oil. tracee: grinding to a halt, wicked weather creating a travel nightmare across the country. "fbn: a.m." starts right now. cheryl: it's 5:01 in new york. it's monday, january 14th. good morning, i'm cheryl casone. >> gerri: i'm gerri willis. cheryl: the record-breaking shutdown has entered day 24 today with no deal in sight.
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republican senator lindsey graham was on fox news sunday. he said he asked the president to reopen the government at least temporarily but the commander in chief rejected that idea. >> i tried to he see if we could open up the government for a limited period of time to negotiate a deal and the president says let's make a deal, then open up the government. nancy pelosi says even if he opened up the government, i wouldn't fund a wall. so that's why i'm depressed. cheryl: chris kuhns welcomed senator graham's plan saying the president should at least test the proposal. >> i do think if we reopen the government, if the president eastbound this shutdown crisis, we have folks who can negotiate a responsible, modern investment in technology that will actually make us safer. cheryl: economists estimate the furlough of 380,000 federal workers costs 1 to $2 billion a week in lost economic output. >> gerri: so far the tariff war hasn't hurt chinese exports to
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the united states. new data showing china's trade surplus with the u.s. surged to a record $323 billion in 2018 and that's a 17% jump from the previous year. but analysts point out that the imbalance was fueled by chinese exporters racing to fill orders ahead of the march 1st deadline for additional tariff hikes. both sides are preparing for the next rounds of negotiations in washington at the end of the month. cheryl: what was good news may not be -- actually, it's bad news. that's the flip side of the data. the trade numbers are he depresg asian stocks and is putting pressure on u.s. futures. we're down 201 on the dow, s&p nasdaq in the red as well. todd horowitz is here and, again, what you would think would be a record surplus for the chinese seems to be the underlying current seems to be bad news. the economy is weakening and they front-loaded a lot of exports to the u.s. because of the trade fight.
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what do you make of this data we got from the chinese? >> good morning, cheryl. again, i don't even really care about the data. i don't look at the data. the markets have rallied 10% off the bottom. there's going to be profit taking. we can try to blame it on something like china. in you look at the grain markets, take a look at the other markets, they're not being affected by the trade wars. they're higher than they were back when this whole thing started. so we've seen some push forward here. the markets have had a great rally. they're entitled to have a little profit taking, a little selloff. i think that's what you're seeing. cheryl: going back to what we learned, this is a $323 billion trade surplus, up 17% year over year for the chinese. again, a surprise on the upside. but the underlying current is negative. this also shows that the american economy looked to be pretty darn strong for 2018. we don't have the full gdp numbers for the year. but again, looked like america was doing fairly well despite all of this trade tension we've
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had. >> i think we had a great year from an economic standpoint. look, we had -- finally had higher wages coming in. look at the jobs we have. so we've got a lot of good things going on and of course that's great and just like the chinese bought soybeans ahead, trying to get it in front of the tariffs. they shipped in a lot of goods. that's all great. at the end of the day, the markets will tell you the story. the money will tell you the story. and the story right now is that the markets looked like they're under a little pressure. we had a little bit of a selloff late last year. we had a big rally into the start of the year. i think we're going to go much lower actually because i think that a lot of things are weakening. in the meantime, from here, 2600 s&p, the market should have a selloff and i think that's what we're seeing. cheryl: you're not necessarily bearish on the year at all. it's only january. i'm glad to hear positive optimism from you. we've hit a record government
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shutdown, it's day 24. things like infrastructure projects, the furloughing of 380,000 federal workers, the republicans did come up late friday with a way to give back pay to some of these workers but the shutdown has to end. at what point does the economy and maybe the markets really take notice of the shutdow? >?-- of the shutdown? >> i think they'll start taking notice any day here now. i think the real problem is that the left, the democrats will not step up and fund the wall and i believe that president trump is not going to open up the government and that will create some havoc. if we continue into the debt ceiling that's coming in march, that could be a bigger problem. again,i, i think overall the markets will sort it out and have an understanding and if we're having decent growth which i don't see a reason not to, i don't think we're going to have a collapse in the market either, whether the government opens or not. cheryl: that debt issue, todd,
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we'll talk about that another time. >> it's horrible. thank you, cheryl. >> gerri: lots of worries about the debt. meanwhile, president trump heading to new orleans today to speak to the 100th annual convention of the american farm bureau federation. farmers have been supportive of the president even as tariffs made selling some crops impossible to china. last year the president visited nashville to address the annual gathering of farmers. cheryl: earnings season is kicking off this week. here we go again. the big u.s. banks are set to report the latest results. first up we are going to hear from city group this morning before -- citigroup this morning before the bell. earnings per share are expected to jump 20% from a year ago, jp morgan chase, wells fargo will release numbers tomorrow, we'll get earnings from bank of america, goldman sachs wednesday. morgan stanley on thursday. overall, trading revenue for the big banks expected to be strong but fees from investment banking could fall from last year at this time. we shall see.
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>> gerri: embattled utility company replaced its ceo as it considers filing for bankruptcy over california's deadly. dagen:wildfires this year. tracee: they say the ceo has stepped down and according to reuters the company is in discussions with investment banks for a financing package to help it through possible bankruptcy proceedings, a sign that a chapter 11 bankruptcy filing could happen very soon in the wake of potential liabilities from the deadly california wildfires. p g & e could be responsible for tens of billions of dollars for its role in california's devastating camp fire last year. a bankruptcy filing would be a last respor resort for the compf it's unable to get government relief. pg & e is trading lower in the premarcmarket. >> gerri: one media company could make a play to buy another one?
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tracee: the wall street journal reports that mng enterprises, one of the largest newspaper chains in the country, known for buying up local papers and cutting costs, is reportedly planning to make an offer for usa today publisher, bega gannet $12 a share. they have already 7.5% position in gannet stock. gannet owns and operates dozens of other publications. this is reportedly not the first time mng has gone after gannet. gannet is down 17% from a year ago. cheryl: switching to movies, who came out on top at the weekend box office? tracee: we have a new number one movie. take a look. >> want to feed your soul? listen to it? think, think, think about what you're trying to do to me. amazing, isn't it? sound just like her.
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>> it's uncanny. tracee: the upside brought in just over 19-$.5 million, dropping down to second place after weeks at the top, aqua man with $17 million. rounding out the top five, a dog's way home, spider va spided escape room. >> gerri: i want to see the upside. that sounds like a lot of fun. cheryl: it did really well. >> gerri: taking a look at u.s. futures. the dow poised to open down 205 points, the s&p 500 down 22, the nasdaq down 67. still ahead, a deadly winter storm leaves hundreds of thousands of folks without power and causes massive travel delays. there is more winter weather on the way. janice dean is here with what you need to know. president trump comes out swinging against a new york times report over whether he was
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dow is down 216, s&p down 23.5, nasdaq down 70. u.s. secretary of state mike pompeo met with saudi arabia's crown prince earlier this morning as he wraps up his trip across the middle east. pompeo said he was seeking a credible narrative for what happened to gentlema jamal khas. meanwhile, president trump is issuing a warning for turkey as u.s. troops begin their withdrawal from syria. the president tweeted in part that the pullout is long overdue and the u.s. could, quote, devastate turkey economically if they hit kurdish fighters. he noted he didn't want the kurds to provoke turkey calling for a stop to the, quote, endless wars. john bolton asked the pentagon to develop military options for a strike against iran. this followed an attack that
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happened last fall. many were surprised by the hawkish approach. it's unclear if president trump knew about the plans. the president is pushing back on a washington post report that suggests he's tried to conceal his private conversations with russian president vladimir putin. that conversation last july. many democrats have called for the interpreters who were in the room for the helsinki meeting to testify. >> i don't care. i had a conversation like every be president does. you sit with the president of various countries. i do it with all countries. we had a great conversation. i'm not keeping anything under wraps. i couldn't care less. cheryl: president trump called the washington post a, quote, lobbyist for amazon and jeff bezos. that's what's happening now. >> gerri: let's take a look at u.s. futures as we begin this monday. taking a look right now, the dow poised to open 221 points lower, the s&p 500 down 24 in early trading, the nasdaq down 71.
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coming you up, theresa may makes a last ditch attempt to sell her brexit deal but will it work? how will markets react to a no brexit versus no deal? plus, taco bell is putting its nacho cheese to the test, the unusual way you can score some for free. you're watching "fbn: a.m." ♪ everybody's ready for the next big thing. ♪ that rocking chair would look grahh, new house, eh?e. well, you should definitely see how geico could help you save on homeowners insurance. nice tip. i'll give you two bucks for the chair. two?! that's a victorian antique! all right, how much for the recliner, then? wait wait... how did that get out here? that is definitely not for sale! is this a yard sale?
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carolina. more than 900,000 flights into and out of the u.s. canceled yesterday alone. janice dean is live in the fox weather center with with the latest. what a weekend. >> unfortunately, on its heels we have another winter storm that's going to go almost the exact same trajectory, except this time it could visit us here in the northeast. so here are the wind chills, what it feels like against your skin. a lot of teens, single digits, 20s on the map. the cold air is in place. the next storm system could be more snow-covered. the storm across the mid-atlantic has exited but, wow, what a wallop for at least half the country, getting quite a bit of snow, some areas getting over a foot, especially around the st. louis area, heading towards washington, d.c. here's our next weather-maker coming out of the west, going to bring heavy rain along the coast, extremely heavy snow in the mountains across the
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rockies, the sierra nevada. across the midwest, parts of the mississippi river valley, snow and ice, we could see accumulating ice across the ohio river vally and this storm system could be the one that brings us measurable snow across the northeast for new york city and boston. so stay tuned. winter is here. cheryl: oh, yes it is. i'm ready. we're ready over here. we're shaking our heads doing the report. >> gerri: i had my arms around myself, you were making me so cold. >> get the winter gear out, my friends. cheryl: thanks, janice. >> gerri: deal or no deal? britain's drama over the government's plan to exit the european union goes before parliament tomorrow where it's expected to be rejected. chris beacham joins us now. good morning, chris, great to have you here. okay. so it's a going assumption that the deal is going to be rejected. what will be the initial reaction in the markets there? >> good morning. yes, it is the default
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assumption here. the problem is, depending what kind of statement comes from the government, given the moves over the last week, it's possible we're moving further away from a no deal if only because we extend the deadline for brexit into july. that might be positive for the pound in the short-term, if people think a lot of the bad effects of a no deal might be avoided. this one is very tough to call at this point. while the failure is almost a given, it's a question of can the prime minister save it at the last minute by announcing a fresh round of negotiations with the e.u. >> gerri: she has been saying the u.k. is more likely to stay in the e.u. than to leave without a deal. what would that mean, just staying, hanging in the e.u., would that be good for markets? bad for markets? what would it do to the economies? >> i think short-term it's good for the pound, probably a substantial rally. we had a bit of a bounce on friday on reports they would
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delay it entirely. this looks to be her pitch, to back this deal or lose brexit entirely. i think there will be po popular disconsent, leading to a split referendum further down the line. longer term, it's a major problem i suspect, in the short-term, at least. to be fair, markets would be quite happy with such an outcome. >> gerri: she said rejecting brexit would be catastrophic for the u.k. because people voted for brexit. here in the u.s., i've been covering the markets and traders on the floor of the new york stock exchange have not been talking about this issue at all. this could be, frankly, the cart that upsets the horse, right? this could be the thing that really hurts markets over here if we do get some kind of surprise. what do you expect the impact to be in the u.s.? >> i think if you do have -- if it's a no deal, it's an
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unfortunate outcome. markets would take it quite badly because the assumption is it won't happen. it would come into everybody's radar. you're right to say that outside of the u.k. and outside of europe it's not being discussed. the assumption is that the u.k. will get some kind of deal. i do think that's the most likely outcome. it would be a major shock to markets if you go to a no deal. it would be a shock if we go back to how we were as a member of the e.u., that would be taken as a positive surprise and brexit on this side of the at lain particular has been one of -- atlantic has bun on been onee major problems for markets. >> gerri: we are the u.k.'s largest trading partner. it will be interesting to see what happens. thanks for coming on today and talking about the issue. we appreciate it. >.>> thank you. cheryl: can you imagine if the brexit deal -- if there is no deal, all kinds of things could happen this week. >> gerri: i think it could be a big surprise for our markets.
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cheryl: that's what i was thinking. we're looking at u.s. futures, dow down 235, s&p down 25 3/4. still ahead, all eyes on big bank earnings this week. can they convince investors the u.s. economy is strong. and a challenge no one most likely wants to face. how hard have you aged? that's the question. >> gerri: on a monday you're asking this. cheryl: yeah. the first viral trend of 2019, we're going to show you. ♪ a change will do you good. ♪ will do you good. ♪ a change will do you good. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those...
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cheryl: well, breaking this morning, here we go again. earnings season is back with big banks in focus. can they convince the u.s. that the u.s. economy is still beating? and the government shutdown now the longest in history as it enters day 24, but not just furloughed employees feeling the pain this morning.
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cheryl: taking a look at futures, we do have some pressure on your monday, a lot of this based on some data we got out of china. dow down 220, s&p down 24, nasdaq down 77. >> gerri: stocks in asia down. the hang seng is down over 1%. the shanghai down 3/4 of a percent. asian markets are dealing with this idea that china exports are down. cheryl: weakening economy there. and then, well, here's your economic story. it's oil. we're still above 5 # of dollara barrel right now. >> gerri: it's a fact that it's already 2019, if that didn't make you feel old, a new challenge sweeping the internet just might. "fbn: a.m." continues right now.
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cheryl: we're coming up on 5:3. it's monday, january 14th. good morning. i'm cheryl casone.. jerry, whagerri, whatdid you sa. >> gerri: aging is a challenge. cheryl: we'll have that story a little later on. >> gerri: yes, with pictures. some of the biggest u.s. banks will report the latest quarterly earnings this week with cit citigroup the first to report this morning. john layfield is a fox news contributor and joins us now. good morning, john. great to see you. i've been looking at this for days, talking to traders on the floor of the new york stock exchange about what they're expecting. you look at the estimates out there. they are high, high, high, citi coming in, eps estimate would be a 21% improvement over the previous year. much the same for most of the stocks out there. what are you seeing and what is this going to tell us about the economy?
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>> i think it's very important. look, jp morgan last quarter when they came out on a friday morning, the market was going to sell off and jamie dimon had bullish comments for the economy going forward. i think the comments about what's going to happen in this next year, coming out of ceos from citigroup with matt corbatt to jp morgan with jamie dimon are very important. i think earnings will be good. the stocks have been terrible the past year. the consumer has been doing quite well. the stocks have been quite terrible. i think you're going to see good earnings. i would not be a buyer of these stocks because of the uncertainty that's coming in 2019. >> gerri: i was watching very closely the financial sector friday and they had a very good friday coming ahead of these earnings. so that's interesting. i think the major expectations is that trading revenues will be higher because we've had volatile markets but the big question is loan growth and that's really what's going to tell us about the economy. what are you expecting when it comes to loan growth?
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will it be personal loans that will grow? will it be corporate? what do you see? >> i think it will be personal loans that will grow. what worries you the most is corporate groans slowing. we saw a slowdown in cap ex. we saw that initially when the trump administration came in. you're starting to see cap ex he slow down significantly. looking at the corporate loans, that to me is one of the biggest harbingers of how much uncertainty is there out there because of the trade war, the government shutdown adds to the uncertainty coming out of the white house. >> gerri: goldman sachs is going to have a really horrible quarter. that's what analysts are forecasting, that the earnings will be down 35% later this week. meanwhile, the broader markets it looks like will report earnings that are a little more sluggish than we originally expected. barons reporting that the estimate has come down for the
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s&p over the past week. what will bank earnings look like in context with the broader market? >> i think it's going to be exactly what representative of the broader market, we're not falling off a cliff. we're going from probably 3% to gdp to 2 something percent gdp. it's still pretty good. we're still growing. corporate earnings will grow 7.8% for the next quarter, that's still good, coming off a 20% gain from last year. it's slowing but we're not falling off a cliff. we have full employment, wages are higher. i think we're going to be okay as far as the economy. this whole thing to me is all about the uncertainty that's being created. it's self-sabotage because of the trade war. >> gerri: 7% any other year we might think that's terrific. this year, we baked in high expectations. thanks for coming on today. great to see you. >> thanks, good to see you. cheryl: we've also got the shutdown which continues. president trump and the republicans seem to be losing
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the public relations battle over the shutdown. an poll shows the majority of americans blame them for the impasse. and according to senator lindsey lindsey graham, the situation is not likely to end soon. >> i think the legislative path is just about shutoff because nancy pelosi, the leader of the house said even if he opened up the government, i'll give you $1 for the wall. as long as that's the case, we're never going to get a legislative package, no matter what the senate does. cheryl: the shutdown starting to affect air travel. a shortage of tsa agents closing parts of houston's bush airport and miami international. will the public's patience reach a breaking point? let's brin bring in tiana lowe. we're seeing more stories of furloughed workers that were living paycheck to paycheck that are worried about basically feeding their families. but is washington listening?
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>> so the whole shutdown by the white house's economic advisor, kevin hassette's estimation, has cost $20 billion for $5 billion negotiating in l wall funding. the fact that you have nearly 400,000 workers furloughed and more than 400,000 workers isking without pay just sort of really listening to the needs of the federal government and of the workers who are now deeply affected by the. cheryl: it may be affecting the economy as well. we're hearing stories of small businesses that can't get loans fulfilled or approved from the small business administration, the irs is a part of this, of course we talked about the tsa. i mean, this at some point you're going to hit i would think a breaking point. i think the timing of all of that -- we're in unchartered territory with the record-breaking shutdown. history can't tell us where this is -- what this is going to mean or look like in the next few weeks. >> more than i anything is the e
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uncertainty of it all. by the end of next month, s.n.a.p. will be out of funding, that's tens of millions of americans that will be affected by that. tax returns won't be sent back because the irs is only staffed at 12%. we are truly in unchartered tri and the -- unchartered territory. the democrats seem willing to budge. it's unclear whether or not the white house had a contingency plan. right now, looks like they didn't. cheryl: the president did tweet about this. i want to read that and show the viewers. he talked about the possibility. he said i do have a plan on the shutdown but to understand the plan you would have to understand the fact that i won the election and i promised safety and security for the american people. part of that promise was a wall on the southern border. elections have consequences. what is the plan here? sounds like the plan is to not budge on the wall. >> i mean, trump is correct, elections do have consequences.
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when republicans lost the house and the white house decided to wait until the 11th hour to prioritize wall funding, that put republicans in a bind. and now it seems unlikely that nancy pelosi is going to budge and what would she have to gain out of budging. she doesn't want to deal with her own party's turmoil with incoming progressive democrats trying to torpedo the balance she's been trying to strike. she has no interest in having this end. for all that politicians like to talk about caring about the little guys, democrats could end this. they could give trump his $5 billion for steel slats and let him take it as a victory but they won't. cheryl: we'll see what happens when the sun rises in washington. wall street will be watching the job numbers. if these workers apply for unemployment it will skew the data. thank you very much. >> gerri: ford's ceo says his company will not follow general motors and you announce cuts to the u.s. workforce. jim hackett making the comment
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during an interview with jeff flock at the detroit international auto show. listen. >> there's not blue collar cuts in the offing. and the president is really taking a strong position on wanting to protect manufacturing jobs and you can see the sin sincereity in that. >> gerri: he admits the trade conflict with china hurt fords business there but he's hopeful it will lead to improvements. >> we produce a lot of vehicles in the lincoln brand that we ship over to china and so that tariff has kind of slowed down some of the demand. a tariff works both ways and probably i think as a gesture to get to a better end game, which we hope is much more aamenable to everybody. >> gerri: separately, ford and volkswagen reportedly will announce a he global alliance this week at the auto show. and cheryl, i had the opportunity to interview mary
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barra, ceo of gm last friday and she spoke about the layoffs among u.s. workers. they had 2800 people impacted in the u.s. they have 2700 potential job openings. 1500 of those workers have already been placed in new jobs. so she's very upbeat about their handling of these workers. cheryl: she's been trying to do her best to manage what frankly is a changing consumer taste. you can't force people to buy a car they don't want to buy. >> gerri: the company is transitioning out of sedans and into cars that people really want. cheryl: there you go. let's talk about another consumer issue 57bd thi and this sears. they may have another interested buyer. >> gerri: tracee carrasco joins us with more. tracee: the new york post is reporting the head of a major hedge fund is considering buying the kenmore and die hard brands out of the sears bankruptcy. the hedge fund has signed a
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confidentiality agreement with sears to study the brand, this comes as sears considers bids for its assets including a $5 billion bid from the chairman, eddie lampert. cheryl: a lot of work to try to save this company. why just use a billboard to advertise when you can use a billboard to feed customers? did i say that right? tracee: this is a new idea. to prove that everything is just better with nacho cheese, taco bell in canada is launching the nacho cheese naked chicken chalupa in a big way with a nacho cheese dispensing billboard. next saturday in toronto, nacho choose lovers are encouraged to bring any snack they like for the ultimate nacho cheese upgrade. >> gerri: my canadian husband is definitely going for that. tracee: when can we bring that here? >> gerri: 2019 already seeing its first social media trend. what is it.
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tracee: social media users are taking the how hard did aging hit you challenge. the challenge first began on facebook with users posting their first ever profile picture and their most recent profile picture side-by-side to compare how much they changed. we decided to take the challenge. here are the results. here i am in 2009 and here is a little older picture. cheryl: you look like a baby. tracee: here's cheryl. >> gerri: also a baby. cheryl: right off facebook. i really didn't -- tracee: tracee: you didn't change that much. i had highlights in 2009. cheryl: you look the same. knowi've known you more than 10 years. >> gerri: i didn't have a 2009 photo. tracee: i had to dig through the archives for that one. >> gerri: he it was tough to find -- it was tough to find. cheryl: you haven't aged, i
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promise. letless take a look at few -- let's take a look at futures. pressure out of china, and their weakening economy, trade surplus but there's a back story, s&p is down 25, nasdaq down 85 and a quarter. after a wild weekend in football, the nfl conference championship games are set. jared max is here with all of the game day yo highlights. it's the instagram picture scrambling the internet's mind. why everyone can't stop talking about this egg. it's an egg. >> gerri: that's exciting? cheryl: yeah. ♪ wake me, shake me. ♪ to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop.
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♪seeming like we all been running, running♪ it's the most wonderful life on earth. ♪feeling like the wild west, gunning, gunning♪ ♪listen to our elders shunning, shunning♪ ♪all we see is faces, color, color♪ ♪all the other races, other, other♪ ♪why can't you just be my brother, brother?♪ ♪we don't have to kill one another, kill one another♪ ♪all around the world, we are one, we are one♪ ♪all around the world, we are one♪ ♪so where did we all go wrong?♪ ♪woo ♪where did we all, where did we all go wrong?♪ ♪love, love, love, love ♪love, love, love ♪(love is our only hope) ♪love, love, love
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♪where did we all? cheryl: welcome back. nfl divisional playoffs yesterday in new orleans and new england. >> gerri: very exciting, jared max. i guess we shouldn't be surprised about which four teams are still alive. >> top four seeds in both conferences compete against each other next sunday to get to super bowl liii. philadelphia eagles came out flying against the new orleans saints. philly was up 14-0. the saints would score 20 straight points and win this game as drew brees would lead new orleans into the nfc championship game next week against the los angeles rams.
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they a big fake punt that turned out huge for new orleans. they eliminate the champs, two big interceptions and it killed the late chance for philly. 20-14 the final score. the patriots yesterday a big winner as well and history made as sarah thomas, the first woman to officiate an nfl playoff game, she saw the patriots go wild. tom brady goes to 8-0 all-time against philip rivers. first time in super bowl era history that the teams with the four highest scoring offenses meet in the conference title games. the championship, the saints a 3.5 point favorite to beat the . the patriots beat the chiefs in week six. this time, the game is in kansas city. wow. we may be near resolution with baseball free agent manny
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machado. he has been offered an eight year contract. stay tuned. this according to espn. all the kansas city chiefs guard jim allen knew, some man named dave helped get his car out of the snow before sunday's playoff game against the colts. well, this man who helped him gets free championship game tickets. he reached out to him on twitter. does anyone know and then all of a sudden he has all these people who are named dave, hey, man, i was the guy. he tracked him down with the power of social media. the guy didn't know he was a player, helped get him to the game and next think you know they're off to the championship game. >> gerri: i love that story. >> ratings were up 25% on the boys game the other -- cowboys game the other night which was a loss, my condolences. cheryl: it was fun while it lasted. >> they made a good run of it. who is going to win? cheryl: i think this divisional playoffs will be amazing. >> we'll be in atlanta soon.
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>> gerri: jared max, thank you for that. you can catc can catch jared's s reports on sirius channel xm115. cheryl: dow is down 221, s&p is down 24 3/4, nasdaq down 81 sls 3/4. we've got a lot more ahead. former senator joe lieberman goes head to head with alexandria ocasio-cortez after she tries to dis him. how the senator is getting the last word. and canadians living up to their nice reputation, how they're helping out some americans during the government shutdown. you're watching "fbn: a.m.." ♪ i'm just sitting out here watching airplanes. ♪ take off. ♪ trying to figure out -- ?
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>> gerri: welcome back to "fbn: a.m.." let's get you caught up on what's happening now. checking u.s. futures, questione down, down, down. the s&p 500 is down 25, the nasdaq down 82. meanwhile, teachers in the nation's second biggest l school district are expected to go on strike. the los angeles teachers union insisting the protest is a last resort after a nearly two year battle for higher pay and smaller class sizes. the district is scam blin blingo bring in sun dread hundreds of substitutes. joe lieberman continuing to criticize freshman congresswoman alexandria ocasio-cortez after saying she wasn't the future of the democratic party. ocasio-cortez responded with a
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tweet, writing this, new party, who is this? lieberman doubled down, saying this. >> back to a big spending, big taxing democratic party and the democratic party is not going to succeed that way. >> gerri: it's noted leave liebn was sworn in in the senate in 1989, the same year ocasio-cortez was born. an injunction in 13 states the and washington, d.c. is a lawsuit against the rule change moves forward. air traffic controllers in canada helping out their counterparts in the united states during a partial government shutdown. employees at the control center in edmonton decided hey, why don't we buy some pizza pies for controllers in anchorage, alaska, as a show of support. we talked about it before, now you're going to see it.
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the egg, the most liked picture on instagram, boasting more than 25 million likes. i have no idea. kiley jenner's photo of her newborn baby, stormy, previously held the top spot with 18 million likes. kiley got her revenge. she cracked an egg on a hot sidewalk as a form of protest. and that is what's happening now. cheryl: okay. don't get it. eggs are good. coming up, britain's prime minister warning of catastrophic harm if parliament rejects her plan to leave the e.u. tomorrow. what is next for brexit when we return. ♪ i could use some friends. i am not for colds.
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what you say. it would require that it would be defeated. if it goes over the hundred. then basically she has no chance of making the minor tweets. american to be watching that. thank you very much for being with us. it will be watching all of the action out of london sir. thank you for joining us. the bank reporting earnings
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today. we have everything you need to watch for. no end in sight the government shutdown that now the longest in u.s. history. it is starting to affect the economy. fallout from the wildfire crisis the ceo of pete gme residing. the utility faces billions of dollars in liability expenses. is there postgame celebration and the eagles. [music] maria: we will turn out to markets.
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it's beginning the day on the rough start. that is down to 1%. .-dot almost 25 right now. this after the markets were little changed on friday. the nasdaq down 14 points on friday. after ft 100 and down almost 4%. the dax index in germany down 81 points. three quarters of 1%. it's good to see this morning.
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