give this deal a second look. no, it is not perfect and yes, it is a compromise. when the history books are written, people will look at the decision and ask did we deliver on the country's vote to leave the european union? >> will they deliver, that's the big question today as theresa may's couldn't veer shal contron faces a vote. cheryl: jp morgan, wells fargo in focus before the bell. can they calm investor concerns. >> government shutdown entering day 25 and the effects are being felt as some of the country's biggest airports. cheryl: taking a look at futures on your tuesday, we have

a different story than we did yesterday. futures are actually pointing higher on your tuesday. dow up 71, s&p up 5.5, nasdaq up 23 3/4. as we await the brexit vote tonight, futures up in -- european markets are up. the ftse is up 13 points. the dax is up 12. cheryl: asian markets recovering after yesterday's big fall on that chinese economic data that we got. taking a look right now at the nikkei, the shanghai, the hang seng, all of those solidly in the green. procter & gamble's gillette wants men to shave their toxic masmasculinity. >> masculinity, is this the best a man can get? >> why the backlash is cutting into the company this morning. "fbn: a.m." starts right now.

cheryl: it's 501 in new york. its tuesday, january 15th, good morning, i'm cheryl casone. lauren: good morning, i'm lauren simonetti. cheryl: welcome back. good to have you you've got a lot going on -- we've got a lot going on. there was a little bit of news breaking yesterday. wall street is continuing to watch as britain's parliament votes today os the government's controversial plan to leave the e.u. lauren: we've got the latest from benjamin hall in london. good morning, benjamin. >> reporter: you can't say how important this vote is. it will take place tonight in the house of parliament behind me. it is make or break for theresa may, make or break for her brexit deal. it could be make or break for brexit itself. for two years the u.k. and e.u. have been trying to negotiate the terms of the so-called divorce agreement. that's because they're planning to leave on march 29th, just 10 weeks from now.

everything has been negotiated, put in place, things like future trade negotiationsing, security sharing, immigration rights and the $47 billion settlement fee. the deal is disliked by practically everyone in parliament and it's likely to be rejected. critics who want to leave the e.u. say it keeps the u.k. too closely tied to the e.u. on key points. while there are many on the other side who say they don't want brexit at all, they'd like to see it overturned and rejoin the e.u. >> rather than leaving with no deal, the house blocked brexit that would be a subversion of our democracy, saying to the people we were elected to serve, that we were unwilling to do what they instructed. >> reporter: theresa may admits it's not a perfect deal but she says it's one of compromise. she's been traveling widely across europe recently to try to improve the deal.

despite this, it is widely expected she will lose by a landslide. if she does lose and she has three days to come up with plan b and at this point nobody knows what that might be. it feels as if it's likely to have a hard brexit, i leave with no deal, as it is to have no brexit t. many people are calling for a second people's vote, a second referendum. there's the chance for a general election being called some time soon. at this point, right now, almost anything could happen. 2:00 p.m. eastern this afternoon in the house of parliament behind me we'll find out. thank you. cheryl: u.s. markets will be open when that vote happens. that's going to be something to see. benjamin, thank you very much. we appreciate it. lauren: michael houston is the chief market analyst at cmc markets. he joins us with more on the critical vote today, the brexit vote in parliament. good morning, michael. >> good morning. lauren: i want to ask you straight up, do you think the vote goes through? is there a wrecking amendment

that could be possible to be voted on and you don't have a vote? and if we do have a vote, take us through the possible scenarios. >> i think the vote will take place but before the actual vote on the deal takes place, mps will try to submit a variety of amendments. one of those amendments will be called the morrison amendment which seeks to put an end date on the irish back stop. i think that more than anything is the most toxic issue which i think is stopping a large majority of brexit backing mps voting for it. if that amendment gets put on the paper, gets voted through and gets voted through with a very small loss for theresa may and then the final vote gets voted through, it may give theresa may the option to go back to brussels and say look, the final deal as it stands i can't get through parliament. if you put an end date on the backstop i could potentially get

this deal through. i'm i think some of the so-called wrecking amendments we're talking about with respect to the withdrawal agreement could open up some negotiating space for theresa may to go back to brussels with some alternative scenarios. but that still remains an outlier. lauren: what your saying is the scale of her defeat is very important here. so if she loses by let's say a lot of folks are saying 70 or 100 less than that, that in a sense could be considered a win here. >> it certainly gives her wiggle room if you like for going back to brussels and certainly renegotiating some aspects of the deal. but that still remains very much an outlier. the actual deal in itself she's likely to lose by a landslide. it's really a question of whether mps can get some of these amendments on a vote before the actual vote itself. lauren: what are the chances the 29th --

>> if that makes sense. lauren: none of it makes sense. what are the chances that the march 29th deadline is delayed. the sterling is telling us it thinks the deadline it will be pushed. >> i think the sterling is telling us the deadline will be extended. the deal needs to get voted down because it's binary in nature. it's 73 days until the u.k. leaves the e.u. that will happen, without question and if mps can co-aless around an alternative agreement. there is no evidence that is going to happen. lauren: so it's basically is a bad deal better than no deal or is no deal better than a bad deal. we'll find it all out at 2:00. >> or an yo amended deal. cheryl: we have more major market news to watch today. we'll get earnings from two more big banks this morning before the bell.

analysts looking for jp morgan chase which is a dow component, big one, and wells fargo to post sharply higher earnings per share from a year ago, so positive estimates. but wells fargo's revenue is expected to fall slightly. they've had a lot of problems at the bank over the last year. investors will be listening for any possible comments on their outlook. interest rates, economic growth, geopolitical concerns, both of those banks. we're also going to be hearing from united health, another dow components and delta airlines comes out this morning. we'll have more on earnings later on in the show. lauren: president trump digging in on his demand for a border wall. in an astress to the american farm bureau federation, the president pushed the immigration agenda and blaming politics for the shutdown. >> when it comes to keeping the american people safe, i will never, ever back down. i didn't need this fight. this is a real fight. we're dealing against people who think if they can stop me from building the wall, again, we've

already done a lot of work, but they think that's a good thing for 2020. because they're not going to win. lauren: as he said, it's a rough fight. the shutdown now in day 25 is testing the patience of air travelers, long lines for passengers at airport security checkpoint as tsa agents are taking unscheduled days off. the agents missed their first paycheck on friday as a result of the shut dune. cheryldown.cheryl: some airporg classical music to try to calm passengers in the long lines, bands and stuff, that's what airports are doing to try to ease the stress of the travelers. well, this might be stressful as well. confirmation hearings begin today for attorney general nominee william barr. he was the attorney general for george h.w. bush. barr says he would allow robert mueller to complete the russia probe saying it's in everyone's best interest. senator lindsey graham supports the president's pick. >> every nominee needs to be

challenged. these are big jobs they're about to take. i think he's an outstanding choice. i want him to be challengedded. i juschallenged.i him want him y challenged. lauren: the tokyo district court denied former nissan motor chairman carlos ghosn's release for request on bail. his lawyers have appealed the court's decision. carlos ghosn faces a lengthy criminal trial that could be at least six months away. he's been detained since november for allegedly under-reporting income. cheryl: well, netflix and amazon are soon going to have more competition in the streaming services business. lauren: tracee carrasco join us with more on that story and other headlines making news. tracee: as more people continue to cut the cord, comcast, nbc universal announced they will launch a streaming media service in early 2020. the advertising supported service will be available at no

cost to nbc universal's pay-tv supay-subscribers across the country. an ad-free will be available to purchase at about the same price as other subscriptions like netflix and hulu. nbc plans to offer live news and sports from its networks. comcast shares down about 16% over the past year. cheryl: if comcast customers get a discount, that's even better for this entry. what is verizon up to? tracee: leaked screen shots show verizon is testing a video game streaming service to compete with microsoft, google and amazon. the service called verizon gaming will let users stream video games directly to smartphones and other devices. it's being tested on the nvidia shield, a home theater streaming device and android devices are next. verizon up 11% from a year ago. lauren: we're taking a look now -- you're going to show us new

advertisement that's not geeingg over too well with customers. tracee: gillette is taking on bullying and sexual harassment in a new ad that's embracing the me too movement while it attempts to put an end to what they call toxic masculinity. take a look. >> and there will be no going back because we, we believe in the best in men. tracee: so for the past 30 years we know gillette used the tag line, the best a man can get. they place the responsibility on men to change social norms and stop the mistreatment of women. reactions have been mixed. some praise it for the progressive ad while others threaten to boycott the brand, saying that it's really targeting its base. lauren: targeting its number one customer. tracee carrasco, thank you.

we'll watch the stock today. cheryl: not a good ad strategy. take a look at futures on your tuesday, we've got the big brexit vote today in u.k.'s parliament, expected defeat. citigroup's earnings per share may have been better than feared but will the trading tumble hit jp morgan. remember willy wonka's favorite chocolate river? >> every drop of the river is hot melted chocolate of the finest quality. cheryl: well, it's not as appealing on the side of a highway. how 40,000 pounds of liquid chocolate went down the gutter. you're watching "fbn: a.m." ♪ i'll stop the world and melt with you. ♪ you've seen the difference and it's getting better all the time. ew house, eh? 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? if it's in the yard then it's... for sale. oh, here we go. geico. it's easy to switch and save on homeowners and renters insurance. with expedia, i saved when i added a hotel to our flight. so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings when you add select hotels to your existing trip. only with expedia. select hotels to your existing trip. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls.

beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast business. beyond fast.

cheryl: today is round two of bank earnings before the bell, we're going to hear from jp morgan, also we're going to hear from wells fargo. both are estimated to earn 20% more than a year ago. this follows yesterday's disappointing numbers that we got from citigroup on the revenue side, anyway. what are the banks telling us about the economy. dori is with us. good morning. >> good morning, how are you? cheryl: let's go back to citigroup. the revenue miss, a substantial miss, the stock really getting punished on that. their issues were fixed income trading, currency trading,

things like that. is that kind of the story that we're going to hear from the other banks? >> i think that may be pretty consistent. i think we're looking for two things from the banking sector. one, what's specific for that company, and two, what's specific to banking in general. banking trades at a discount to the s&p. it's sold off. citigroup for example had been down about 30%. so it had been hit pretty hard. so citigroup had to come out and say we don't have a bunch of company-specific risks relative to banking that we should be punished this low. i think that's why you saw the stock rebound yesterday. it doesn't have loan problems. it had loan growth. it had deposit growth. so having a miss on the investment banking side or the total revenue side wound up being not as important as the health of the company and the banking sector. cheryl: all right. so that's interesting because the stock is up about a percent in the premarket. let's move to the big story this morning, that of course is jp

morgan. jamie dimon was on with maria bartiromo last week and he talked about competition. a lot of these online payment services can really be cutting into the banks. we might see that in the earnings today, apple pay, amazon, everyone's coming up with different payments to compete with the large banks. is that a concern for you? are you going to be listening for that today? >> well, yes it is. but i think it gets back to two things. what's the company specific issue and what's the banking theme as an overall proxy for the market. jp morgan has the most plesh prf all the bank stocks. all eyes are on jp morgan this morning. anything below 225 on the earnings is going to be disappointing. they need to be above 225. they've had a dozen quarters of beating earnings estimates. they've revised down a little bit to 221. so they need to be above 225. they need to show margin expansion. they need to show a little loan

growth and deposit growth and if they miss on revenues a little bit, that would be okay. it sure would be nice if they hit it to the upside. cheryl: you mentioned ref you new. there is forecasted for wells fargo a slight decrease in revenue as well. are all the problems behind for wells fargo? >> you know, that's -- we don't know. that's a question for wells fargo. they missed three out of four of their last earnings. so i don't use them as a proxy for the market. they're inconsistent. but they need to come up and step up to the plate and start being a little more predictable in what they're doing. i'm hoping that their recurring, nonrecurring problems are behind them. cheryl: dory wiley, thank you very much. you're going to wait to hear from the banks' numbers. it will be interesting to see what they have to say on the conference calls today. thank you for getting up early with us. please come back. >> you're welcome. lauren: the market is rebounding this morning after the first back to back losses we

saw all year. dow futures higher by a third of 1%. we're seeing almost half of 1% gain for nasdaq futures this morning. we're entering day 25 of the partial government p shutdown. president trump making another plea for his border wall. >> we're forming a new caravan -- they're forming a new caravan in honduras. honduras is not helping us. we could stop it. lauren: they didn't stop it. details of this brand-new caravan that began its journey overnight. and some relief may be coming to patients. how lawmakers are finally making drug prices a top priority. you're watching "fbn: a.m." ♪ amazon prime video is now on xfinity x1.

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. and our shirts from custom ink help bring us together. we just upload our logo, and if we have any questions, customer service is there to help. - [male] custom ink has hundreds of products to help you look and feel like a team. get started today at customink.com.

lauren: good morning. a new migrant caravan with at least 500 people has started the journey from honduras to the u.s. border. the group leaving as the united states is in the midst of the longest governmentdow governmenn u.s. history stemming from a disagreement over president trump's proposed wall. steve king has been removed from his committee assignment following his controversial comments in a new york times story. he was quoted as saying this, white nationalists, white supremacists, western civilization, how did that language going offensive. democrats and republicans have criticized king's comments. mitch mcconnell saying king might want to consider getting a new job. ivanka trump will help select the next president for the world bank. she will assist steven mnuchin

and acting chief of staff mick mulvaney with the process. the white house says she worked closely with the world bank's leadership for the past two years. the sweetest story this morning, 3500 gallons of liquid chocolate spinning onto a highway in arizona. the tanker truck hauling the 12r and basically created a chocolate river. the department of safety is calling this a sweet cleanup for the crew. cheryl: don't you want to swim in the chocolate. lauren: i want to get a spoon and eat it up. cheryl: futures this morning, we've got big earnings this morning from b of a -- excuse me, jp morgan chase and wells fargo. we're watching what's happening in the u.k. with the big vote later today. still ahead, will they or won't they, theresa may's controversial brexit plan faces a long awaited vote today and the volatility won't just be in parliament. how the vote could impact u.s. markets. dow up 76 in the premarket right

now. one of the best parts of the super bowl is the commercials. but one candy company is stealing the spotlight. you're watching "fbn: a.m." lauren: i like the purple ones. ♪ candy girl, you are my world. ♪ you're everything, you're everything, you're everything to me. ♪ candy girl. 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.

we were promised the easiest trade deal in history yet we've seen a divided government deliver a botched withdrawal deal with nothing more than a vague outline for what our future relationship with the e.u. will be. the government is in disarray. cheryl: that disarray is what's got markets watching today. will they be able to get their act together and deliver a vote on brexit. how that will impact markets here in the unite united states. lauren: the government is shut down, day 25 now, the longest shutdown in history. cheryl: you futures are watching what's happening in

europe. we've got big earnings coming up this morning, from the banks, dow up 76, nasdaq up 26. lauren: brexit front and center in london, in great britain, and the market in london up 7 points. cheryl: stocks in asia recovering after yesterday's big losses. the nikkei, shanghai, green arrows. lauren: skittles is giving the puppy monkey baby a run for its money at the super bowl next month. how they're taking the commercial to the bright lights of broadway. "fbn: a.m." continues right now. cheryl: it's 5:30 a.m. in new york. it's tuesday, january 15th. good morning. i'm cheryl casone. lauren: good morning. i'm lauren simonetti. cheryl: i have a theory about the skittles commercial. i think i know what it's going to be. we'll have to wait. lauren: i'm clueless. cheryl: i have a guess. let's talk about what's

happening across the pond as markets watch all of this unfold in parliament. it is sadly not a television show we're about to see. british lawmakers are expected to soundly reject prime minister theresa may's plan for the u.k. to leave the e.u. the next guest says there might be a temporary upside for u.s. investors. jonathan honig, hedge fund manager. i'm going to go out an a limb, you're watching corn yo currenc. >> it comes down to the vote as you said. theresa may's proposal is expected to be defeated by a huge measure, in fact, the biggest parrebiggest defeat in . the british pound has been appreciating against the dollar over the last month by about a percent. but one british bank is estimating that if the vote doesn't go as planned, it could

fall by about 10% against the u.s. dollar and the euro. so that could be a real benefit for the u.s., cheryl, if there's uncertainty in europe, if there's uncertainty over brexit, investoror flock to the united states dollar and flock to u.s. assets and that might just be what we're seeing already this morning with an uptick in the s&p futures. cheryl: it might not be just be the destabilization in the u.k. but the destabilization in general. this has been two years going now that britain wanted to leave the e.u. the italian, the spanish, are we going to miss the spanish? that shows the political disarray that's gripping europe right now. that could be to your point i think a good thing for u.s. markets. >> yeah, the u.s. ironicky is seen as a safe haven despite over-valuation, other political concerns, the shutdown, et cetera. to your point, oftentimes the u.s. is where people want to keep their money because the

political system tends to be a little more stable than we've seen in europe historically. the u.s. is by no means really in a bull market. even yesterday, still more 52 week lows than 52 week highs. ironically, all the uncertainty in england and the u.k. could bring some assets back here at home as investors are looking for more safety, a little more stability in terms of where to put their money. cheryl: she's expected to lose today, depends on the severity of the vote. talk about the issue of potential hard brexitin brexit g they just leave. what does that mean for trade with the united states? the>> this is the fourth most actively traded currency and one of the world's most prosperous economies. it's anyone's guess if we get a hard brexit, coming at a time when there is slowing growth he

globally. no investors have a clear road map or signal as to exactly which way this falls, which is why i think some caution no he matter what side of the pond you're on is apt at this moment right now. we don't know. cheryl: i thought the british were onl only good for royal weddings. this has been quite a story to follow. thank you very much. slauren: the government shutdown, day 25. the effects aren't just hitting federal workers who have been furloughed. an analysis says the shutdown has cost the economy almost $4 billion, this is something kevin hassette, chairman of the white house council of economic advisers warned would happen. >> gdp in the first quarter could go down by about a tenth. a rule of thumb would be every two weeks is a tenth, something like that. again, i think that it's kind of an accounting thing because that's true for real gdp but nominal gdp is unaffected as long as people ultimately get

paid. lauren: let's unpack everything. thank you for joining us. >> thanks for having me. lauren: we spoke in the intro about the s&p global rating saying the cost of the shutdown, consider this, if the shutdown continues for another two weeks and it very well might, the economic cost will be basically the same as the cost of the border wall. that's eye b ronic -- ironic, i? >> one of the reasons it's such a prolonged shutdown and neither democrats nor the president seem to want to end it any time soon is because it has such a small impact on the economy. the impact on the employee can be very large who is missing the paycheck. the broader economic impact, it's just a blip. it has no implication for long run growth. so overall, this is very small. it affects about 7% of federal government spending whereas the 2013 shutdown affected about a quarter. this is a small, limited impact on the economy.

lauren: on the economy, okay. let's go back to the workers. we talk about the 800,000 workers who are either furloughed or hoping to receive back pay. what about all the contractors and small businesses that will never get paid because of the shutdown. >> that's where we see some of the more severe individual impacts on those contractors, it's not clear if they will get paid and small businesses doing business with the federal government, they do price in these kind of anomalies that can occur. this is becoming more important as we're seeing a more partisan congress. this is a good time to look at some of the federal government functions that are affected by the government shutdown and ask can we privatize some of these functions so shutdowns won't have an impact. tsa for example. canada and europe have privateized some security. some u.s. airports a allow them to do that as well. tsa should be privateized and we wouldn't worry about shut duness

having an impact on airport security. lauren: the shut down is revealing how much the government does that we don't want it or need it to do. >> so many functions are functions that the federal government shouldn't be in the business in to begin with. many of the functions the president has signaled this. this is a telling sign for what functions the economy can do without the federal government. lauren: real quickly, what about other things like food safety? >> i think our food is going to be safe. i'm not worried about it. the market regulates these items on its own. if a vendor sells a faulty product, you're not going to buy the product anymore. it's in the interest of the producers to make sure the food we eat is safe. lauren: thank you for joining us. cheryl: nobody wants another bout of e. coli. lauren: i heard the fda is

calling back workers to inspect what is considered risky food like infant formula. i give her pushback on that. i want to know the food is safe. cheryl: the house oversight and reform committee is launching a major investigation into the pricing practices of the prescription drug industry. lauren: tracee carrasco joins us with more on that. tracee: this is a top priority, a ma major priority of elijah cummings of maryland. cummings september letters to a dozen p different drug companies, asking for detailed information and documents about how the companies price their medications cummings says the goals of the investigation are to determine why drug companies are increasing prices so drastically, how drug companies are using the proceeds and what steps can be taken to reduce prescription drug prices. cheryl: they threatened that

was going to be a major issue for them. two rival auto companies are teaming up. tracee: this news coming out of the detroit auto show and this morning ford and volkswagen will unveil the details of their new partnership. the ceos of both companies will hold a joint conference at 8:30 a.m. eastern time. speculation is that the two will team up for a commercial truck collaboration. shares of ford are down more than 30% over the past year. lauren: or maybe volkswagen building cars in ford plants. that is one of the things that's being remedical record. remored. skittles is doing something different. cheryl: here's my guess. they're going to do a live -- they're going to have a broadway show in new york that goes live. is that right? tracee: that's it. cheryl: i didn't. tracee: this year, skittles, they're doing something very different for their super bowl commercial. as you said, it will take the form of a musical performed live just once, this commercial,

written by a pulitzer prize finalist, directed by the artistic director of the soho rep theater here in new york city. the 30 minute production is called skittles commercial, the broadway musical. there's the poster on your screen and it will include a cast of broadway star as well as a to be announced celebrity. tickets start at $32 with proceeds going to charity and then a few days later you'll be able to view it online. cheryl: it will be interesting to see if it's any good. tracee: i'm curious to know who will be in the performance. cheryl: that's a first for a super bowl commercial which i think is great. lauren: creativity knows no bounds when it comes to the super bowl. futures this morning are looking pretty good on the day, d-day in great britain. will they vote on theresa may's plan to leave the european union? how does that shape up? dow up 77, s&p up 7. coming up, the number one

college basketball team in the country seeing orange this morning after stunning upset. jared max has the highlights. and the government shutdown could -- with a very special treat from the president himself. you're watching "fbn: a.m.." ♪ standing in the hall of fame. ♪ and the world's going to know your name. ♪ 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.

cheryl: a major upset in college basketball last night. lauren: jared max is here with the highlights. hey, jared. >> we have a lot of syracuse fans very happy this morning. never before had any basketball team at duke ranked number one lost a game at home against an unranked team. this is from nearly the other end of the court and the orange are within one. the game wept twent to overtime. they upset number one ranked duke, 9 95-91. not sincjames harden had 36 in t half last night. he scored 57 for the night, houston beat memphis. happy birthday drew brees, 40

today. 40 is the new 24. the age disparity between starting quarterbacks in the nfc championship, jared gofits, 24 versus 40. tom brady, 41, chiefs' quarterback, patrick mahomes is 23, the greatest disparity in quarterbacks. tyler murphy may be under contract to play baseball for the oakland as but he declared yesterday for the nfl draft. it leads to the question which sport will he play. french fries in steel cups, president trump made a fast food and pizza party for the clemson team last night as they celebrated the national championship. the president paid the bill, most white house staff not

working, furloughed. lauren: i see salads, they're not necessary. >> there's a lot of big men in here and a lot of food to be eating. cheryl: lauren made the point that this is a president that loves fast food. we know that. >> i like how they say they catered the fast food. i didn't know the words wentingt together. the next time i run across the street for mcnuggets, i'll come back and say newsroom, i catered lunch. cheryl: those french fries look good. he'll be buying us breakfast tomorrow. thank you, jared. catch jared on fox news headlines 24/7. lauren: we've got futures looking good this morning. we have green arrows across the board. dow and s&p up a third of 1% each. william barr heads to the hot seat this morning. the message he hopes to send to democrats who are crying foul over the russia probe. and it is make or break for

theresa may and her brexit plan. will it fly with parliament? we'll go live to london to check out the move this morning. you're watching "fbn: a.m.." ♪ i won't back down. ♪ hey, baby. ♪ there ain't no easy way out. ♪ hey ry car 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? ♪

cheryl: president trump's attorney general nominee will barr is facing yes questions frm the senate judiciary committee today with the mueller investigation taking center stage. >> i'm going to ask him do you see any reason to fire mr. mueller based on what you know, do you trust mr. mueller to be fair to the president and the company, will you make sure he can finish his job if you get the report, will you be as trans parenttransparent as possible.

i've asked him those questions. cheryl: joining us now to weigh in, lawrence korb. good morning. >> good morning. cheryl: good to have you on the show. what do you make of this? he's expected to pass the republican controlled senate but a lot of the questions are going to be about the mueller investigation. he's already put out statements that says that he thinks the mueller investigation should conclude. lindsey graham has also kind of pointed to the fact that we're probably going going to get a pc look at the mueller investigation. is this going to be all we'll hear today do you think? >> well, they're going to focus a lot on that because of the article that mr. barr wrote about what mueller should do and not do. the other thing he said in that statement that i thought was important, he said he was going to release it to congress and the public so we would all know what happens too. cheryl: let's talk about the other issues that might come up besides the issues of the mueller probe, and we do have a full screen statement i want to shoavment this ii want toshoavmg

about his stance as far as the mueller investigation. he says he's going to let it continue and he respects robert mueller, they've been friends for 30 years. what about the issue of presidential power. barr told g.w. bush he didn't have to go to congress for example to go to iraq. that's something else that could come up. >> it could. it could also come up, remember george h.w. bush pardoned a whole bunch of people who were involved in the iran contra situation and barr was then the attorney general. a lot of people argued back then that president bush did it because he himself as vice president had some involvement. cheryl: what about the issue of immigration? because obviously the other -- we've got this fight going on on the southern border of the united states, this fight with mexico and the talk about the wall. we know democrats are likely going to try to make this a

political posturing event even if they know he's not going to have problems getting confirmed. what about his stance on immigration, what do we know about that from barr? >> if you look at his statement, he said the second biggest concern to the law in the united states is immigration. and dealing with that. so he is putting it up there right front and center so i'm sure that will lead to questions because he put it right after violent crimes. cheryl: well, certainly it's going to be -- it will be good fireworks, maybe it will be interesting television, but, again, this is his third set of confirmation hearings to the senate. he's been through this before and probably seems like a pro at this point. thank you for being here. >> thanks for having me. take care. lauren: coming up, a day of reconning for theresa may's plan to leave the european union. the impact on your investments when we return.

♪ i can't tell you who i am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together.

unlock savings when you add select hotels to your existing trip. only when you book with expedia. i want some more what's he doin? but, he can't look at him! it's just not done! please sir. i want some more more? more? more? more? please sir he has asked for... thank you what? well he did say please sir yes he did and, thank you yeah. and thank you he's a wonderful boy (laugh) a delightful boy

(all boys): thank you, thank you, thank you. lauren: global markets watching closely as britain's parliament votes today on prime minister's theresa may's plan to leave the european union. let's bring in craig, joining us from london. craig, good morning. >> reporter: good morning. lauren: we're assuming the divorce deal is defeated but it

is the size of that defeat that really matters today, is that correct? >> that's absolutely correct. i think if the margins are fine, then i think the markets could react quite positively, the reason being is this doesn't necessarily have to be the last vote. the expectations are that she's going to suffer defeat today with people voting down her deal who want a second referendum, a second election prior to the date. in maybe two months we may have another vote on the deal. once those other options are exhausted, the people who voted against the deal today may bucket at that later date. the finer the margin, the more chance it has at a later date to being passed. cheryl: that seems to be what the markets are looking for. the british pound has been strengthening against the dollar. that tells me the markets are looking for possibly a delay past march 29th. would that be good for markets in the long term?

>> absolutely. it could be a -- yesterday we had written assurances from the european union about the temporary nature of the backstop. this was followed by reports that sceptics are willing to back the deal, that reduces thee marcmargin slightly between thoe voting against and for. that supports the pound in the near term. if we see the vote as planned, if we see an extension, that would be seen as beneficial purely because longer time waiting for a no deal brexit. lauren: craig, thank you very much. cheryl: "mornings with maria" starts right now. maria: good tuesday morning. thanks for joining us. i'm maria bartiromo. it is tuesday, january 15th. your top stories right now, 6:0. earnings driving the action on wall street. two dow components reporting this morning, jp morgan and united health. we're waiting on welt fargo this

morning. we've got everything you need to know ahead of the numbers. numb shutdown day 25, the border funding battle at a standstill this morning and now new concerns over security as another caravan is making its way from honduras. very latest coming up. paying your fair share, alexandria ocasio-cortez is calling for a 70% marginal tax rate, nearly double what it is right now. we look at a new analysis showing how much revenue that would bring in. it's not nera nearly what early estimates are forecasting. president trump welcomes the tigers from clemson to the white house with a fast food feast that he personally paid for. "mornings with maria" begins right now. ♪ you look at me.

♪ you look at me now. maria: great to see you this morning. checking global markets, futures indicate a gain at the start of trading. let's take a look at the tone dow industrials expected to be up 100 points at the open this morning, after the markets slipped yesterday on weak economic data out of china. that certainly rattled investors about its impact on the global economy. the markets this morning are higher after yesterday, the dow was down 86, the s&p was down 13 and nasdaq was down 6 a 5. joining me right now is global x funds, head of research and strategy, jason chaffetz cobs. jay jacobs. the year started oven a better tone than the way it ended. what tone are you seeing in terms of investors right now? >> people are defensive. they're starting to get more confident. you're seeing maybe a little