tv FBN AM FOX Business January 16, 2019 5:00am-6:00am EST
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along. we'll see how that works. congressman matt gaetz and jim jordan among our guests tomorrow. good night it is clear that the house does not support this deal but tonight's vote tells us nothing about what it does support. >> this house can give its verdict on the sheer incompetence of this government and pass the motion of no confidence in the government. lauren: brexit meets a historic defeat. will theresa may receive the same fate. what is next for brexit and what does it mean for the markets. cheryl: bank earnings round three. it's a busy day of reporting. all eyes will be on goldman today. will goldman l come out on top or will the scandal hold the company down. lauren: let's take a look,
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let's see how stocks are performing ahead of the news. we have up arrows for the dow and s&p, nasdaq unchanged. cheryl: amid the brexit uncertainty, especially with what's going to happen with the e.u., take a look at the ftse in london. it is to the downside. on the other side o, the cac and dax are in the green. lauren: asian markets, mixed performance, japan's market down half of 1%. cheryl: maxine waters will reveal her plan for keeping an eye on wall street today and you will not believe who she has chosen to help her lead the way. >> once you get to like the tippy top on your 10 million-dollar, sometimes you see tax rates as high as 60 or 70%. cheryl: socialist congresswoman alexandria ocasio-cortez may not be good with numbers, but now she's in charge of safeguarding your money. "fbn: a.m." starts right now.
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lauren: it is 5:02 a.m. in new york. it is wednesday, the 16th of january. good morning. thanks for starting your day with us. i'm lauren simonetti. cheryl: good morning. i'm cheryl casone. house financial services, can you believe it. lauren: aoc and some of the others making this list, freshmen democrat, stay tuned. it scary. did you see what happened in great britain yesterday? it was a stunning, historic defeat for the british prime minister, theresa may. her plan for great britain to leave the e.u. overwhelmingly rejected by parliament. that sets up another no confidence vote in her government today. cheryl: bectoday.cheryl: bene
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latest. >> reporter: a shocking defeat, she lost by 230 votes out of a parliament of 650. it is the worst parre loss in bh history. a large number of her own party voted against her. after that, jeremy corbin, the opposition leader, tabled a vote of no confidence in the government. if she loses that at 2:00 p.m. eastern today it means a general election. >> the government has lost the confidence of the house and this country. i therefore, mr. speaker, inform you i have now tabled a motion of no confidence in this government. >> reporter: polling in parliament does show that theresa may is likely to win today's vote but only by a small margin. that's because the only thing that people fear more than her brexit and the chaos of that is a socialist government and the opposition leader, jeremy
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corbin. the most significant outcome of the brexit defeat seems to be that theresa may's deal is dead in the water. there is no support for her version of brexit. nevertheless, she said if she wins today's vote of no confidence she's going to go back and try to get more concessions from europe, something they have said time and time again they won't agree to. there is no clearer idea of how brexit will you play out, than there was two and-a-half years ago when the british public took the vote. the three options seem to be a hard brexit which many see as causing catastrophic economic shocks to the system, no brexit which people see as a betrayal of the system or perhaps a new leader to lead the way forward. we'll find out at 2:00 p.m. eastern today. back to you. lauren: benjamin hall, live in london. thank you very much. cheryl: how will the rejection of the brexit plan play out in the global markets? we've seen a little bit of it already. let's bring in scott sheledy, just back from london after many
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years there, scott. i'm sure what i thought was interesting yesterday is that you watch the british pound, it was falling going into the vote and then it ticked back up a little bit as the vote went through. what are investors saying about this rejection of her deal? >> well, it would have been a bigger surprise if it passed. so the markets don't like surprises. there would have been a reaction had it passed but it didn't and she was soundly defeated. that shouldn't be a surprise to anybody. most of the government, most of the m.p.s voted to stay in the european union. she's got the worst job in the world. i like her. i think she'll survive the vote of no confidence. i voted for her myself. at the end of the day, that's a job that nobody wants. you're not going to be able to please anybody, especially when everybody that's behind you voted to stay in the european union. cheryl: benjamin hall brought up the phrase economic crisis if there was a hard brexit. how likely is that?
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that would put into complete disarray and chaos the trade agreements they've got with the e.u. as well as security and other issues, immigration. >> everybody's tugging on those dramatic lines like catastrophic or crash out of europe. look, they're just going to go -- there's a w.t.o. order to leave something like this. they voted for it already. if they don't have a plan to leave everything with the plan, so at the end of the day, yes, the unknown is why we use all those words. it will be okay, believe me, in a year's time if they don't have a plan. don't worry about it. they will leave and do what the people wanted to do. this what is the people voted for. the problem is that parliament doesn't want it because can you imagine the swamp of the fifth largest economy in the world which is britain and the swamp of the second largest trading block in the world, that's why those guys don't want to leave, they don't want to leave the swamp. cheryl: what about the e.u.? she's got to go back to brussels
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on monday. she's expected to survive the no confidence vote. e.u.'s leader has made it clear they don't have any other negligence othenegotiating offeo her. what is she supposed to be accomplishing in. >> he's not going to be sitting in a rocking chair himself. he's just like schumer and pelosi. he's got something to lose here too. look, he doesn't want to let them go easily because then he's going to have a line of other european countries that want out of the european union. but he can't afford to have it be catastrophic either. i love using those words. it's in between catastrophic and letting them go easy and he doesn't know what to do either. he's in trouble too. so he's going to act like he's sitting on a rocking chair and it's no big deal but he's got a job to do himself. cheryl: it seems like the easiest answer to this would be just make the extension. don't do the march 29th deadline, stay in the e.u. while this is figured out.
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is that something investors would want to see? that seems like the best market scenario to me. >> i think there's extension exhaustion out there. i'd be careful about. cheryl: we'll see. it's similar to what's happening in this country in d.c. thank you very much. good to see you. lauren: let's turn it back home. we have earnings season for the big banks continuing today. we're going to hear from goldman sachs as well as bank of america before the market opens, we'll look for hypotheticals about what the banks say about the health of the u.s. economy. earnings per share for goldman sachs are expected to fall 24% from a year ago. revenue expected to slide almost 4%. the results come as the bank investigates its involvement in the 1mdb investment scandal in malaysia. malaysia filed criminal charges against goldman sachs last month. goldman deed need any wrong doing. shares are trading up in the premarket. bank of america now, analysts looking for earnings per share
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to jump more than 30% from a year ago. so those two stocks in focus today. cheryl: we're going to be watching those and we're also watching what's been affecting markets as well and that is the government shutdown. we're entering our 26th day today. no democrat showed up yesterday for what was supposed to be a bipartisan meeting at the white house that was hosted by the president. lauren: blake berman has the details. >> reporter: the white house says a handful of democrats were invited to come to the white house, sit down, have lunch with president trump to discuss a possible way forward. however, none of those democrats showed up. congressional republicans who did sit down with the president were perplexed. >> how do we find a way to negotiate with democrats? it's unfortunate this was supposed to be a bipartisan lunch. but not a single democrat offered to come here and negotiate how we end this partial shutdown. it's disappointing to me. >> come to the table, have a discussion, negotiate issues around border security,
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negotiate a way to reopen this partial shutdown. >> reporter: the top democrat in the senate, chuck schumer, is trying to shift the pressure onto mitch mcconnell, saying mcconnell should allow for votes on spending bills that would reopen the government and continue the debate on border security. >> the reason we've been unable to make any progress is that president trump is not yet interested in making progress. so there's only one person who can help america break through this gridlock. leader mitch mcconnell. >> reporter: members of the coast guard missed their mid-month paycheck. the head of the coach guard writing, quote, to the best of my knowledge this marks the first time in our nation's history that service members in a u.s. armed force have not been paid during a lap in government appropriations. stay the course. stand the watch. and serve with pride. you are not and will not be forgotten. back to you in new york. lauren: well, the faa has ordered nearly 3,000 safety
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employees back to work without pay. and the treasury department says more than half of its irs employees will work during the tax filing season without pay. the bureau of ocean energy management is bringing back some of its employees to work on oil and gas drilling happened sales and the fda restarted inspections of high risk foods by calling in 150 workers without pay for now. cheryl: socialist alexandria ocasio-cortez is set to join congresswoman maxine waters on the house financial services committee which oversees wall street. she tweeted personally i'm looking forward to digging into the student loan cries, crisis, examining for profit prisons, i.c.e. and exploring banking to start. waters plans to lay out her top priorities for the commit today. lauren: just so you know where
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we're headed, folks, hang on to your money, hold it tight. filling your prescriptions at one retailer will get more difficult. cheryl: tracee carrasco has that story and other headlines. tracee: walmart announced it was leaving the cvs caremark network over a disagreement over higher reimbursement rates. if you get cvs benefits through your employer and medicaid enrollees will no longer be able to get prescriptions at walmart. cvs health invited walmart to stay in the network through april 30th. walmart is down nearly 6% from a year ago and cvs, let's show you that screen, there it is on the p screen right now. take a look. lauren: down 2.5%. microsoft and walgreens, they're doing something because they need to take on amazon. tracee: microsoft announced a seven year deal with walgreens boots alliance to become the drug store's new cloud pro
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prider. the company said that will work together on ways to lower healthcare costs. it will help walgreens get personalized data about a customer's health which will allow pharmacists to give better wellness and nutrition solutions. walwalgreens will sell healthcae related gadgets and products. walgreens is down 7% from a year ago. take a look at microsoft as well, you can see trading down in the premarket. cheryl: big loss for big mac. tracee: mcdonald's an the supermax have been in a bitter trademark battle over the big mac. yesterday a judge ruled against mcdonald's. supermax will be aloud to expand their chain throughout the united kingdom and mcdonald's no longer has the right to the big mac trademark in the european union. mcdonald's argued that the name supermax would confuse customers with its iconic big mac burger. cheryl: tracee carrasco, thank you so much. lauren: we'll be right back,
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so is netflix's price hike a good long-term solution for the company as more competition from unlikely competitors, disney, nbc universal, as that comes online. >> that's exactly the issue. i think it's a good mit midterm solution. they're going to need more cash flow. they're going to need cash flow to pay for original content. that original content is what's going to keep subscribers there. if yo perceive you're -- if you perceive you're getting an extra $2 of value out of the content, you'll stay with it. lauren: let's say all a 58 million u.s. subscribers stick with the company, they pay the $2 a month, that brings in $1.1 billion additional per year for netflix. $1 billion. significant money? >> it's significant. they do have debt to service. they mut put more than $10 billion of debt on the books
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to pay for content and gain subscribers over the last few years. they have debt to service. as the playing field continues to get more crowded and there's more options for consumers, they'll need to continue to come up with more original ideas that keep eye balls glued to the screen. lauren: they make the argumentt they have pull penetration in the u.s. for subscribers. >> it's pretty close to full double digit growth in subscribers will be harder to achieve. having the higher installed base and the ability to raise prices on it is what the company needs to be doing. lauren: the stock is up right now by a half percent in the premarket. it wasp up 6.5% yesterday. year-to-date, a 24% gain, six times what the broader market has advanced. so this is clearly the star. apple is looking at this. what do you think apple does to get into more content?
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>> certainly apple is the big gorilla in the background. they're going to want to do something strategic. i don't think it's ill logical for apple to come in and look at owning a company like disney in this space as a great way to get in and be a major player. lauren: you think apple makes a play for disney? >> i think disney is the type of company that would satisfy apple's need for content. lauren: that is definitely a story line that we're going to watch here. finally, do you think -- i know netflix did well last year and it's up significantly this year. is there a breaking point for the company where investors say enough is enough with these price hikes or you have great content but you can continue to spend too much money, we're not going to put up with it anymore? >> right now, the consumer has a tail wind. gasoline prices are low. employment is good. discretionary spending is in
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favor right now. so it's a good time for netflix to try and increase prices. we'll see over the first quarter how the subscriber churn goes and then they'll be able to gauge how much they can continue to raise prices in the future. lauren: we have to wait a quarter to see if subscribers stick with the company. i'm with you, joe. i think they do thank you very much. cheryl: it's interesting, the streaming industry general what's happening. lauren: what's $2 a month. cheryl: take a look at how u.s. futures are looking this morning. we're higher in the premarket, dow up 75, s&p up 7.5, nasdaq up 6 and a quarter. parents exploding with anger over this kids toy. what's now being removed from store shelves. and another day, another dem throws their hat into the white house ring. the latest on the 2020 hopefuls. you're watching "fbn: a.m." ♪ how long has this been going on. ♪ you've been creeping around on me. ♪ while you're calling me baby.
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cheryl: welcome back. taking a look at u.s. futures, right now we have actually a green start to your wednesday, dow up 73, s&p up 7.5, nasdaq up 5.25. a somali extremist group claimed responsibilities for killing 14 innocent people in kenya. terrorists shot their way into an upscale hotel and office complex popular with tourists, detonating at least one suicide bomb. one american was killed in the attack. a new caravan from honduras has grown to more than 2,000. they are calling on president trump to grant them asylum. the group departed early yesterday morning. and a federal judge has ruled
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the citizenship question cannot be added to the 2020 census. the judge says the commerce secretary's decision to add the question broke the law. the u.s. government hasn't asked about the citizenship status of the entire population since the 1950 census. lauren: new york senator kirstin gilbrand revealing big news on the late show. >> i'm filing an exploratory commit you aatan explore torecoe united states tonight. i have the passion, the courage, and the fearless determination to get that done. lauren: she is entering an increasingly crowded field of democratic presidental hopefuls. she heads to iowa this weekend, home of the first in the nation caucuses. and finally, this is pretty disturbing video, shows the moments a toddler falls out of a moving car, still strapped in the car seat. so the mother basically didn't strap the car seat into the actual car's seat.
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the toddler falls out. a man driving behind picks up the small kid, trying to wave down the car as the mom was driving away. she didn't seem to notice. she did later return to get her child. cheryl: with the window open? how in the world -- how did the car seat go flying out of a car? lauren: it wasn't buckled into the seat. how the door opened -- cheryl: oh, the door. gosh. scary. let's take a look at markets this morning. the dow is up 73, s&p up 7.25, nasdaq up 4. still ahead, round three of bank earnings today. is goldman sachs going to have a better day than jp morgan did or will legal woes keep it down. is facebook's policing getting out of control? how it's taking on a mardi gras staple. you're watching "fbn: a.m.." ♪ don't stop the party.
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cheryl: bank earnings in full swing and all eyes are going to be on goldman sachs today when they report before the bell. can the company see its way through its legal troubles connected with the malaysia investment scandal. lauren: we are entering day 26 of the government shutdown with no end in sight as democrats snub the president's invitation to hash out a deal. what's next in the shutdown. cheryl: right now we're looking at a positive start to the markets right now. nasdaq is up 2 and three quarters. lauren: in europe, let's check out how the ftse 100 is doing i, it's down 30 today. cheryl: global markets, take a look at asia. flat for the shanghai, the nikkei actually losing about half a percent. lauren: this sounds like
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something out of the movie hunger games, a game where kids have to diffuse a bomb. the growing outrage this morning, "fbn: a.m." continues right now. cheryl: 5:31 in new york. it's wednesday, january 16th. good morning. i'm share share. lauren: goocheryl casone.laure. the next round of earnings from the financial industry is coming up this morning. topping the list, goldman sachs and bank of america. there has been sluggish loan growth and fixed income results. that's p proven true at jp morgan chase and the same is expected at goldman sachs. we bring in britney domingas to unpack what we've heard and what we expect to hear. what do you make of the earnings we've seen thus far? what's the bottom line to you, the message that's been
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received? >> yeah, we're seeing the exact opposite we did last earnings season right now, where companies are not necessarily beating their earnings estimates. both citi and jp morgan came out lower than we expected them. yet they continued to trade higher. what we're really seeing is investors and analysts aren't necessarily looking at last quarter, which is said and done. we knew the last quarter wasn't going to be good. we're looking ahead to the year of 2019 and seeing what does optimism levels look l like and what are the companies forecasting which so far has been positive. that's why we're seeing these things trade higher despite the fact they're not getting the earnings we would be anticipating. lauren: higher interest rates are also pretty good for the banks, right. as a customer, you earn more when rates go up on your deposits. many folks are just keeping their cash in low yielding accounts. they're not making moves to attract more return, at least not yet. >> actually, yields are a really
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good point you bring up. this is a reason why it's actually a really good time to get invested right now. the 10 year treasury is at 2.7 right now which is still historically pretty low. you're getting higher returns on the stock markets right now where they're yielding significantly higher than the 10 year treasury. a good example of that, you can look at the vanguard high dividend yield which is a good high difficult depend paying stocks, that's going to have names like jp morgan, johnson & johnson, that's paying closer to 3.5%, compared to treasur u.s. . it's better be in th the markets than in cash or the 10 year treasury. lauren: hear that everybody, invest in the stock market, at least that's what the trend has been since january 1. goldman sachs you have this major 1mdb scandal, criminal charges, civil charges against goldman sachs. malaysia, the government is looking for $7.5 billion from them. how does this play out? >> this is where it's really
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going to be important to hear how the earnings calls are going to go. we're going to get the data that's going to come out. i don't think that will be nearly as important as hearing how they're going to deal with this going forward, what their outlook is going to be and how they're going to handle it and if they can give us optimistic views that give us the ability to give them confidence and reinvest in there, then i think we can see this take off just like we did jp morgan and citi who didn't beat their earnings either. we need to he s to see the diren they see us going. lauren: thank you for coming on this morning. cheryl: investors will be watching earnings coming out, those are big companies we're following. we're also following day 26, folks, of the government shutdown, still no end in sight. president trump hosting the bipartisan problem solvers caucus today in the white house situation room. but after democrats snubbed the president's lunch invitation yesterday, it's unclear if any of them will attend today's briefing. >> they could have showed up at
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lunch today and talked about their plan to get through this and they decided not to come. that's i think a more clearer indication of where they are. cheryl: that was kevin hassette. he also said the shutdown's economic damage is worse than expected. let's bring in siraj hashmi of the washington examiner. we played a little bit of the interview with kevin hassette basically he says each week it's 0.0.13% loss. basically, over the last four weeks we've lost about a quarter percent of economic growth according to the white house. >> right now what we're seeing is the ball in the legislative process is in the democrats' court. the longer they draw this out, the worse it gets for the economy, the worse it gets for furloughed government workers and the worse it gets for even the u.s. coast guard which just this past day announced that they're no longer able to pay their soldiers, their workers, anyone that works in the coast
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guard. so, yeah, right now democrats there's a lot of pressure on them to actually come to the table because they don't want to give anything to trump north of $1.6 billion in wall funding and give trump a political victory. cheryl: the president may be under pressure because of market reaction. it's been well-documented that he does look at the economy and the market more specifically as a barometer of his presidency. i will say that this economic story is now -- bank ceos are coming out and talking about this. jamie dimon that came out with earnings yesterday for jp morgan, here's what he said about it. he said someone estimated -- this made news -- that it goes on for the whole quarter. if it goes on for the whole quarter it could reduce growth to zero. we just have to deal with that. it is more of a political issue than anything else. that is jamie dimon saying we could have zero growth in the first quarter. i can't imagine anybody in d.c. wants that. >> i don't think anybody in washington, d.c. or the middle america wants that either. this hurts everyone, not only
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just people in the beltway. i think we have to understand that president trump actually anticipated some of this and probably tried to reduce some of the negative impact by hiring -- bringing back 46,000 workers for the irs to handle tax returns, especially approaching the january 31st deadline for employers and business owners to get their w2s and 1099s to employees and other tax documents like that. but with the tax cut and jobs act, that at least reduces some of the burden that's going to be on a lot of americans and -- but this has been part of his campaign, getting the wall built has been the centerpiece for his 2016 presidential campaign. if he caves on that then he risks losing 2020 because it fractures the base. cheryl: the democrats know this. that's why jamie dimon said it's a political issue. it's also an economic issue. tens of thousands of workers were furloughed, they're coming back without pay.
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that doesn't help the economy. >> it doesn't help the economy. bills aren't getting paid. the rent's not getting paid. overall, people are getting frustrated in washington and around the country and there's going to be a lot of pressure on both sides to get something done, especially as we get to the month of february. cheryl: we'll have to see. the polling, this abc news washington post poll earlier this weeks shows folks at this point are blaming the president and republicans mostly for thingthis,so something has to h, hopefully. thanks very much for coming on this morning. >> thanks for having me. lauren: the executive exodus continues at snap. cheryl: tracee carrasco has that story and other headlines. another one bites the dust. tracee: .tracee:.tracee: cfo s leaving the company eight months after moving to snap from amazon. snap has seen a number of depar departures over the year.
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this comes at a tough time for the company which has been struggling with declining user base and falling stock. snap is up 14% so far this year. but trading down almost 10% in the premarket this morning. lauren: this morning about 10%, wow. stock to watch today. this is also something to watch. it's a children's toy that's being sold at walmart and target. well, it's not being sold anymore. what's the problem with it? tracee: it's a game called cut the wire. parents have to diffuse a fake bomb before the timer runs out. should the player cut the wrong wire, it recreates a an explosion simulation. walmart and target told the new york times it pulled the game from itself. the game is also no longer being made. the manufacturer said they wanted the kids to feel like heros. i think they missed the mark
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there. cheryl: it backfired on them, obviously. people are upset about facebook's censorship rules. now what. tracee: a facebook post may be unfairly skean censored. they said they didn't like the use of the image of a plastic baby. if you're familiar with king cakes, there's a small plastic baby hidden inside the group. they said it isn't running because it includes an image or video depicting excessive skin or nudity. cheryl: around mardi gras? no. lauren: sometimes they react when they shouldn't. tracee: and don't react when they should. lauren: let's take a look at your money, folks. the dow has retaken the 24,000 level. it's up 56 points in the premarket. and the s&p 500 is back above that key level of 2600.
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it's up 5 points, nasdaq up -- well, it's up just a bit. we'll take the green arrow. still ahead, the legal battle continues over the deadly terror attack in benghazi. now a judge rules that two former top obama officials must answer questions about the state department's response to the 2012 tragedy. somewhere in the world the toto song africa is playing. ♪ i blessed the rains down in africa. ♪ going to take some time to do the things we never did. lauren: we'll take you to the place where you can hear it over and over and over and over. cheryl: by dwayne reed. lauren: it's kind of a soothing effect. ♪
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cheryl: welcome back. let's get you caught up on what's happening. eddie lampert has pr will keep s stores open. it will save up to 45,000 jobs and keep 425 stores open across the u.s. former pepsic chairman is reportedly a contender to be the next world bank president. they will begin interviewing for the position in the coming days. no word yet if he is interested in the job. well, former national security advisor susan rice and former
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deputy national security advisor ben rhodes are ordered to submit answers about the deadly benghazi attack in 2012, part of ongoing legal battle over whether hillary clinton sought to deliberately evade public record laws by using a private e-mail server while secretary of state. a request for rice and rhodes for depositions was actually denied. finally, an art installation that blesses the rains down in africa. ♪ take some time to do the things we never had. cheryl: an artist built six solar powered speakers in the desert that place "africa" -- plays "africa" by tot on heo fo. lauren: i happen to love it. cheryl: the song will play for
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another 5 million years -- 55 million years, the artist is hoping. lauren: take a look at futures this morning. i'm trying to link the song to the market. maybe you can. cheryl: i've gotting nothing. lauren: we've got a higher market across the board. dow is up 58 this morning, nasdaq gaining not even a point. up next, theresa may brutally lost the brexit vote in parliament but is that going to lead to her own exit? today a crucial day for her and her plan. william barr says he will allow the russia probe to continue but how transparent is the final report going to be? we discuss when we return. ♪ waiting is the hardest part. ♪ every day gets one more yard. ♪ you take it on faith. and as a fitness junkie, i customize everything. like my bike and my calves. liberty mutual customizes your car insurance
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lauren: president trump's pick to be the next attorney general, william barr withstanding a barrage of questions from senate democrats at the confirmation hearing yesterday. hear to weigh in, vanu garbezi. they are looking to bar barr. have the attempts been effective. >> you have to ask whether president trump thought he found anil lie in william barr, he may have to think twice. it's clear from his answers before congress that he will not bar the special prosecutor from continuing. he said -- he referred to him as bob, speaking of bob mueller, that he's a friend, that it's important that the investigation continue, won't let anyone interfere with the special investigation. lauren: he is widely expected to be confirmed and, you know, democrats tried to get a little
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bit ridiculous with some of their questions. listen here. >> if you're confirmed, will the justice department jail reporters for doing their jobs? >> during your previous tenure as attorney general, you literally wrote the book on mass incarceration. >> let's imagine it's a judgment call and the judgment by the career ethics officials in the agency are that you recuse yourself, under what scenario would you not follow their recommendation? >> if i disagreed with it. >> on what basis? >> the facts. lauren: you see the cav you kah effect there, that they were pointed in their questions or more ridiculous like what you you. >> some of those questions were -- it was very different than cavanaugh. kavanaugh you didn't have the sexual harassment, beer, all that stuff, that was brought on by the justice himself. the issues they raised, some of it -- i ultimately what came out
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is that mr. barr is a serious guy. he's incredibly experienced. he knows what he's doing. he's much more polished version of jeff sessions, the lock them up, throw away the key kind of guy. that comes out in his testimony. ultimately getting back to tissue of this thing, the mueller report, the question is he going to allow in any way this -- anything to interfere with it and he said no. but he had that memo that he wrote that was unsolicited. there was a lot of questions about that and why he wrote that and he defended that on the grounds that he had one theory that he disagreed with, but he also said at the same time that yesterday no one knows the facts. it raises the question of why he wrote the memo. he's a tough cookie. lauren: we get the final mueller report, are you concerned based on what we heard from bill barr yesterday that it might not all be made public?
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>> that he actually gave a very indication that it wouldn't be made public. he said he would only release as much as necessary, consistent with department guidelines. so why this is a big deal for democrats or people who are certainly against trump is they'rthereare going to be decie in that report, decisions put forth by bob mueller, whom he didn't want to prosecute, people on the other side of the aisle would want some hof of that information to be public. he made it clear he would not do that. lauren: we thank you very much. he had the position before at the a.g. under george h.w. bush and of courses 68 years old so he doesn't necessarily need the job. thank you very much. >> my pleasure. lauren: 68. cheryl: i wouldn't mess with him either. he's tough. you could he see it yesterday. coming up, britain's parliament -- this is tough -- handed theresa may a historic defeat on her brexit plan yesterday. can she hold onto her job?
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we're going to talk about it next. ♪ all i need is a beauty and a beat. ♪ only a tiger costume, 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.
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monday. i think that is what markets are struggling to come to terms with . markets are pricing in the prospects of the extension to article 50 which would put the withdrawal date back to the middle of the summer. i'm still struggling to see why the european union would agree to that in the absence of any formal up proposal from the united kingdom and ultimately i think that markets are underestimating that no deal has become much more likely. at the moment it's trumping that. the least --dash make the worst scenario for investors. we still have 73 days to avoid that.
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deciding on an alternative plan. they had three days to come back to the house of commons. i doubt that she will be able to. is just a question of the impact. michael thank you very much. and mornings with marriott starts right now. maria: good morning everyone. happy wednesday. your top stories right now. 6:00 a.m. on the east coast. the ones to watch right now. what you need to know before the numbers come out. more uncertainty over the exit from the european union. and today she faces another no-confidence vote will take you to london live for the very latest. now entering day 26. the irs never calling thousands of employees to work today without pay.
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