tv FBN AM FOX Business January 18, 2019 5:00am-6:00am EST
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as her bus was scheduled to leave for the airport. the president said the trip is just postponed. thanks for being with us. see you tomorrow. we better get something done because i think the markets are set up for something to get done and if something doesn't get done i think there will be a downside. lauren: investors are hoping a deal with china will happen but treasury officials pushing back on reports that the u.s. may lift tariffs on chinese imports. cheryl: the dow jumped yesterday on the news. futures higher, dow up 105, s&p up 9, nasdaq up 29. lauren: been a pretty good week for stocks. in europe, stocks to the upside as well. the dax in germany is gaining 1.2%, similar across the board. cheryl: stocks in asia moving
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higher. the shanghai composite up nearly 1.5%. it is a massive hit. they say nov no vie with l kill it. lauren: the bird box a huge draw for subscribers but the stock is actually sliding. "fbn: a.m." starts right now. cheryl: it is 5:01 a.m. here in new york. it is friday, january 18th. shutdown day 28 now. good morning, everybody. i'm cheryl casone. here we go again. lauren: i can't believe it. the government is still shut down. the stock market is doing okay. thank you for joining us. i'm lauren simonetti. cheryl: we've got a lot of stuff going on throughout the hour. the treasury department, first off, has now pushed back against a report that the u.s. may lift some tariffs against china to
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help reach a deal. lauren: edward lawrence has the latest developments for us in washington. >> reporter: good morning. new reports say the treasury secretary is floating the idea of possibly removing tariffs on china to get new concessions from the chinese, sort of a goodwill gesture. dow jones is reporting that the treasury secretary, steve mnuchin, is making this call at several meetings that he's had. officially the treasury department walking this back. a spokesperson with the trade team on the treasury department is saying, quote, neither secretary mnuchin nor ambassador lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with china. this is an ongoing process with the chinese that is nowhere near completion. the white house releasing a statement also saying that they have made no decisions on any new tariffs and they're focused on the trade talks that will happen at the end of the month. a spokesman for the chinese foreign ministry saying for quite some time the u.s. has
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been launching all kinds of unwanted accusations, smears, and attacks against china on the fronts of debt, trade, the south china sea, international rules, and religious freedom, a harder tone out of china today. they go on to say that the u.s. must drop the zero sum game and the two sides should be engaged in door opening, not barrier erecting. the u.s. trade representative is concerned actually that the chinese are just throwing bones out, basically buying soybeans, buying agricultural products but will not make structural changes. the chinese do confirm their chief negotiator will be here january 30th and 31st. back to you. cheryl: we'll have more on that later on in the show. first to this, house democrats have withdrawn passage of a bill to reopen the government through february 28th. another failed attempt. democrats approved the bill by voice vote. they didn't have a roll call. this led to a tense exchange with the republicans.
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>> the ayes have it, the joint resolution is passed. >> the gentleman from kentucky did stand and ask for a recorded vote. >> i was sitting right here. i didn't hear or see anybody asking for a recorded vote. cheryl: majority leader later said the house will vote again on the measure. that's going to be next wednesday. lauren.lauren: tenses are risig between president trump and nancy pelosi. trump canceled a plane for pelosi and other lawmakers to visit u.s. troops abroad. cheryl: let's get the latest on the drama from our own blake berman. >> reporter: the bus was lined up, ready to take congressional democrats to their awaiting military plane and that's when the commander in chief stepped in, firing right back at nancy pelosi. saying in a letter, quote, due to the shutdown i am sorry to inform you that your trip to
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brussels, egypt and afghanistan has been postponed. we will reschedule the seven day excursion when the shutdown is over. in light of the 800,000 great american workers not receiving pay, i am sure you would a agree that postponing this public he relations event is totally appropriate. the tit-for-tat at the highest political level coming a day after pelosi scrapped the plans to have the president give the televised state of the union address at the end of the month. there wasn't a scheduled stop to egypt and nancy pelosi says the purpose of the trip was to express appreciation and thanks to the men and women in uniform and to obtain critical national security and intelligence briefings from those on the front lines. the president traveled to iraq during the p shutdow the shutdoa congressional delegation. back to you in new york. cheryl: well, lindsey graham
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reacting to all of this on twitter. here's what he said. one sophomoreic response does not deserve another. speaker pelosi's threat to cancel the threat of the union is is irresponsible. president trump cancelling the trip is also inappropriate. president trump has canceled the u.s. delegation's trip to the world economic forum in davos. secretary mnuchin was supposed to go. he will no longer attend the forum. lauren: mike pompeo was supposed to go, many others. more people than ever are watching netflix. are you one of them? its rate of growth is surprising the company. check this out. netflix added just about 9 million paid subscribers at the end of last year. that beat both the company's and analysts' expectations by more than 1 million. just to give you an idea of how popular netflix is, listen to the ceo on the conference call.
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>> just to point out how large a market that is, about a billion hours a day enjoying television, against gaming platforms, linear, dvd, netflix, everything. we're running about 10% of that. lauren: he despite all of that, netflix shares are down about 3% right now in the premarket but they're up more than 50% from christmas. lou basinise of disruptive tech research joins us now. what do you make of what mr. hastings said on the earnings call? >> look, they're king of the mountain, king of the hill. but good enough is not good enough anymore, right? netflix has been an investment in blockbuster growth but investors expect the growth to continue. the take-away from yesterday's t report is based on their guidance is their revenue growth will be cut in half heading into this year. we're looking at 20% year over year growth. it's not a sustainable model. i think cheryl brought that up
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yesterday, that just this out-of-control binge borrowing is not sustainable. i think that's going to come back to bite netflix. lauren: competition is also out there. amazon, disney, apple, hulu at&t, they all have or are about to have a streaming service. check this out, lou. in a shareholder letter the company writes this. we compete with and lose to fortnite more than hbo. so what is netflix, who is netflix really worried about? >> i think netflix is worried -- has to be worried about everyone. whoever is competing for our attention, our entertainment attention. reed brought it up there that it's video games as well as movies and any type of entertainment. there's tons more competition and it just harder and harder to get incremental subscribers and it becomes more expensive. i think we're in a for a yo-yo ride as stock investors in netflix and it's not one i want to put my capital on. lauren: where exactly is there room for growth?
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>> it's all international at this point. the u.s. market is largely saturated. if you look at the subscriber numbers from yesterday, it's like 6, 7 million coming from international markets, only 1 point 15* million from the u.s. -- 1.5 million from the u.s. they'll have to focus on international growth. the prices they charge in international markets are not as high as in the us. i think you can expect price hikes more in the u.s. and across the board. lauren: lou, thank you for your time this morning. cheryl: stock to watch today for sure is netflix. we've got new developments in the allegations against arrested auto executive carlos ghosn. lauren: tracee carrasco has that story and other headlines. tracee: carlos ghosn improperly i received $9 million in compensation in a joint venture. a joint investigation found ghosn was compensated by the joint venture without any discussion with two other board members. ghosn has been in a tokyo jail since november and denies all of
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the charges against him. cheryl: amazing. and his japanese attorneys don't seem to be helping him out. some facebook employees are in trouble over their product reviews. tracee: three facebook employees reportedly got caught posting five star reviews on amazon that's controversial new portal device which has been criticized as a potential spying device for the social network. the reviews were first pointed out by the new york times and facebook confirmed that the reviews were real but insisted they were, quote, neither coordinated nor directed from the company. the employees said the product was amazing, that the camera tracking service was great. lauren: that's their home device. tracee: the home speaker they revealed last year. lauren: johnson & johnson is using an iphone to monitor your health. >> reporter: they are teaming up
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with apple on a study that will test the apple watch's ability to help detect early irregular heart conditions before something life-threatening happens, using the app on the apple series. it will detect the irregular heart rhythm that often goes unnoticed. johnson & johnson is down nearly 13% over the last year. cheryl: i thought the apple watch -- we've seen many stories where the apple watch has saved lives without the j&j partnership, without an extra app. tracee: i think this is going deeper into going making sure it can help more people. lauren.cheryl: the dow is up 9p up 7.5, nasdaq up 23.5. we may have an extension of yesterday's gains for your markets. there's a new summit between the
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president and north korean leader kim jong un, maybe going to happen. we're going to tell you what we learned about the discussions so far. here we go, folks. the northeast, get ready for a double weather whammy this weekend. janice, it's looking bad, folks. janice dean is coming up. you're not going to believe you'rwhatyou're in for. you're watching "fbn: a.m." ♪ people need the cover of another perfect wonder. ♪ white as snow.
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lauren: welcome back. tesla and the shares are down 4.5% right now. they're reportedly cutting 7% of their workforce in order to lower costs and then eventually they can bring down the price of the model 3. so tesla down 4.5%. we will follow that story and market reaction for you. overall winning week for the stock market. all three major averages in the u.s. up about 1.5% and up four weeks in a row. this morning dow's up 94, nasdaq up 23. an envoy from north korea was come to washington to speak to mike pompeo and potentially president trump. there could be a second summit between president trump and kim jong un. they have not met since kim agreed to work toward denuclearization of the korean peninsula last june.
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alexandria ocasio-cortez, aoc's first speech on the house floor broke a c-span record. c-span tweeted out the video on wednesday and since then it racked up more than 2 million views, 13,000 retweets and 45,000 likes for a c fa c-span speech. jamie dimon is being paid more than ever before. according to an s.e.c. filing, he was paid $31 million in 2018, most of his compensation is in restricted equity. a solar eclipse is occurring at the same time as a super moon sunday night. the combination will create that super blood wolf moon. it will look larger than normal and have a reddish appearance, very beautiful. the super blood wolf moon will be visible for about an hour anywhere in the country. it's starting at exactly 10:33 p.m. eastern time sunday.
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as you're getting ready to go to bed, check it out. cheryl: that's not the only thing that's happening in the sky, lauren. a massive winter storm pounding much of the midwest and the northeast. here we go. lauren: senior meteorologist janice dean is live in the weather center. i've been meaning to ask you questions for the tailored forecast all morning. so what do you have for us? >> you can ask me after this report, for sure. i will do tailored forecastings for you ladies. we've got cold air in place. which areas will get snow? which areas will get rain? will areas will get sleet and ice? still up for discussion. this is the weaker system moving offshore. not a big deal, a dusting to maybe one or two inches, depending on where you live. this is the main event that's going to come saturday into sunday. you can see that freezing line, right around new york city, which is going to cut back on some of those snow totals. south of this area, it's going to be a chilly rain and/or icy
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event. again, depending on where this low sets up and how much cold air is pulled southward. the bottom line is interior sections of the northeast could get up to two feet of snow. people need to pay attention to their local forecasts or just tweet me. cheryl: real quick, janice. the rain/snow combination, and the uncertainty with all of that over the weekend, how dangerous is that going to be? >> we could see accumulating ice, so the good thing is it's going to be on the weekend, a lot of people are not heading to work or school. that's the dangerous part of the storm, the icy mix where roads will be in some places -- it's going to be difficult if not impossible to travel. the big snow will be interior sections where we could get 2 to 3 feet of snow. so it's a big one. we'll have to watch it. lauren: winter's here. janice dean, thank. cheryl: we have got a lot more coming up. as we go into the last day of the week for your markets, we've got this.
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why are millennials not participating in the housing market? the surprising reason they are nowhere to be found. and former cbs ceo les moonves wants his money and he's about to fight for it. he's lawyered up. you're watching "fbn: a.m." ♪ we're not going to take it. ♪ no, we ain't going to take it. ♪ we're not going to take
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cheryl: a recent study from the federal reserve found that college student debt is linked to a drop in home ownership among younger americans. it's down 9% from 2005 to 2014. the age range is the 24 to 32-year-olds. this is estimated 400,000 borrowers who could have owned a home but they didn't because of
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the student loans. let's bring in mitch rochell. good morning. it's a staggering number. you need those younger home buyers in the market. this is how the housing market works. you've got buyers, you've got sellers, you've got a regular market. we're seeing a shift in that. that's not a good sign. >> there's been a ton of blame on millennials and student loans is a contributing factor. if you look at the housing market and the economy and the linkage over time, you realize the housing market doesn't contribute as much to gdp growth as most people think. so the silver lining, if there is one here, is that this recovery we're not as dependent on housing as we were in past recoveries. cheryl: we're looking at the year over year action and the main housing stocks that we watch and it's also interesting too because a lot of that new construction has other issues as well. the lumber prices have been skyrocketing, the labor shortage. the good things about the economy actually have made in
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general the housing market slow down. then you add this to the millennial story and the student debt story, you had that and that makes it all i would think a lot worse. >> yeah, and new home construction is just a part of the equation. the fact of the matter is, about 10% of the homes that are sold in this country are in fact new homes. if you want to look at it this way, if millennials are buying homes at all, they're still contributing and if they're staying put where they and they're consuming, they're still driving the economy. i want to not raise the caution flag here. our economy's chugging along just fine. we're not as dependent on housing as we were in the past. cheryl: that's a good point. one of the main reasons we got into the 2008 great recession was the housing market because of all of the banks, obviously taking those loans and bundling them and selling them 10 times, that was bad memories. student debt, $1.5 trillion. what can we do to deal with student debt? it's becoming a crisis. top story in the wall street
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journal yesterday. how do we deal with this, mitch? how do we contain this situation? it's getting worse. >> and we have a labor shortage. we have a skilled labor shortage. one of the issues out there is are the students going to school taking the right classes to be relevant for the force. the workforce. we're seeing employees that have programs where if they stay with the company they'll help the employees distinguish their debt. i think we're going to see that trend catch a lot of steam in the years to come. cheryl: it's a fascinating topic. there's so much impact on the economy, that and the shutdown. mitch, it's good to see you. thanks for coming on. >> have a good weekend. cheryl: you too. lauren: take a look at futures this morning. they're looking pretty good, dow gaining 87, s&p up 7, nasdaq you up 20, higher on the week as well. fourth week in a row. and as we start day 28 of the partial government shutdown, outrage on capitol hill over a trip by the house speaker.
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>> the speaker of the house leaving the country with a shutdown, i don't think that's appropriate. lauren: we'll have the latest on the shutdown for you. we're following big news out of tesla, the latest on the job cuts there and market reaction. we'll be right back. ♪ the reason i'm alive. ♪ ar 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? ♪ that rocking chair would look grahh, new house, eh?e. well, you should definitely see how geico could help you save on homeowners insurance.
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cheryl this is i think anothr indication of the tension between those people like mnuchin who want to get this thing done and move on and lighthizer thinks this is a once in a generation opportunity to change behavior. cheryl: will the behavior change? treasury department now pushing back on reports that the u.s. considered lifting the tariffs on chinese imports. the report initially had boosted stock. who was in charge? where are we going with the trade negotiations? where are we heading? lauren: the market is watching. the dow jumped 162 points on the news yesterday. it's building again this morning.
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dow up 71, s&p up 6. cheryl: taking a look at europe right now, monday going to be a big day for brexit. right now, the ftse up almost half a percent, cac 40, dax also seeing green. lauren: the nikkei and shanghai composite each closed higher by 1.2 a 5%. cheryl: tesla's ceo announcing big job cuts. that's breaking this morning. "fbn: a.m." continues right now. it's 5:30 a.m. in new york. it's friday, january 18th. good morning. i'm cheryl casone. lauren: thank you for joining us. i'm lauren simonetti. cheryl: we have a lot of news to get to. let's start with this. the trump administration reportedly debated a move that would lift some tariffs against china to help reach a trade deal. that report crossing yesterday. could these ideas lead to a breakthrough? let's bring in tori whiting, to.
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what do you make of all this. markets really rea acted to this report that steve mnuchin in private strategy meetings was floating thed idea, let's pull back on the tariffs, give the chinese an incentive to come to the table. treasury pushing back on that. what do you make of what we're seeing in these developments? >> well, here's the thing. the heritage foundation has been recommending from the very beginning of last year and even before that tariffs are not the way to achieve changes with china. the heritage foundation put out a report last year saying we need to be focusing on sanctioning individuals and companies that use or steal u.s. intellectual property. we need to use the w.t.o. and strengthen cfius. the administration has made gains in the area. these are areas that will put the pressure on china, not taxing the american people you through tariffs. cheryl: you're talking about the negative effect of the tariffs on the u.s. economy. maybe that's part of mnuchin's
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strategy. we know the chai vic chinese vie will bpremierwill be coming her. the chinese economy has weakened. doesn't that give the u.s. a stronger negotiating platform? >> i think that you've seen the tariffs really negatively impacting both economies. some may argue it's impacting china more than the united states. there are many factors impacting china's economy right now. trade is one of those things. we need to focus on i'm phlegming policies here at -- implementing policies here at home that will be the best for american businesses to thrive and increasing taxes an increasing the harms of the barriers to them doing business is not the way to do that. we need to get back to that pro-growth formula that the donald trump a administration hs been pushing for the last two years. cheryl: let me switch you to the u.s. economy. what we're seeing now with the shutdown is a lot of pressure -- you've got nine of the 15
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agencies that don't have funding. you've got furloughed workers. they're starting to apply for food stamps. what is the economic effect in your opinion. >> reporter: we'v?we're lookinga percent of gdp for the month of january. are you worried about the shutdown's effect on our economy? >> well, at this point my biggest worry that is the shutdown of course getting the government back open and making sure that the individuals who are really going to be helping to make specifically in trade policy work for the american people are able to actually be in the office and doing their job. so we had the beginning of this week u.s. t.r. start furloughing workers. we need to get those people back to work. cheryl: i think everyone agrees this is becoming a very painful shutdown. in the middle, the negotiation was the chinese. if we can get a deal with the chai we machinese we may have tt turnaround. lauren: let's get reaction to
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all this. jonas joins us now. the wall street jury l nail ga d the easing of some of the tariffs. why are stocks up? >> it was a brief pop. i think it was late in the 2:00 hour yesterday if i recall. because more news could have come out. investors who might have been short or wanted to take on positions right before in case they wanted to get ahead of the story that was an actual thing and not just a rumor, it's possible the story's coming out because the shutdown is getting kind of negative now and we need something positive and to have the overhang of a tariff trade war that's escalating soon and a government shutdown is not great for the markets. right now, the markets have been rock solid since the shutdown started which is kind of surprising. lauren: there's a lot of overhangs and dark clouds for the market. it's all poor visibility.
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it begs the question, what do investors do when they're looking at all these issues? seems like investors are buying. what do you make of that? >> i don't think the tariff war or the shutdown are reasons not to own stocks. global recessions, credit problems, earnings problems, growth problems with tech companies, those are legitimate reasons th the market could go lower. these are not long-term problems that would affect corporate earnings for long periods of time. lauren: i want to talk about recession. ubs is saying the u.k. could go into a recession in 2020 if there's no orderly break from the european union, if there is a hard brexit. at the same time, the conference board, jonas, they're out with a survey of ceos and the biggest risk for the ceos this year is recession. do you think we should be worried about a u.s. or a global recession? >> i think there's a pretty high risk of a global recession.
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i still think the u.s. could avoid it with just kind of a slower economy. we're pretty strong right now, very favorable environment compared to other countries. they voted for a recession in the u.k. when they voted for the brexit a few years ago. the good news is their economy is smaller than california now. i know they think their important in the world stage. they're just not. they will have a hard time. that country by itself cannot cause -- there can be panics, credit market problems, the banks over there can have problems, but it's not like china or japan. lauren: some folks are saying you can see the breakup of the he e.u. entirely if more countries go the way of great britain and that is -- >> not if it goes badly. i think the pound's going to paiparody against the dollar. it was 2 a few years ago in '07. lauren: i remember. i was there.
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>> it will be a great travel destination if you don't get stopped at the borders because it's basically becoming their own island again. lauren: i like how you think. thank you for coming on with us this morning. cheryl: i want pushback. the brits know how to put on a great royal wedding. lauren: that is true. i love the hats. cheryl: we're following breaking news this morning. there's big job cuts happening at tesla. lauren: the march.net is reacting -- the market is reacting to that. tracee carrasco has the late. tracee: tesla says it will reduce the workforce by 7%. the company says the cuts are necessary to lower the cost of its model 3. it says the need for a cheaper car is greater because the u.s. tax credit is cut in half on july 1st, despite the job cuts tesla says it will still increase model 3 production. the company says it made a 4% profit in its third quarter. tesla is sharply lower in premarket trading. also want to mention that it announced a worldwide recall of its sedans that were using those
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takata air bags. elon musk said they were ending the referring program for teslas because it cost too much money. cheryl: this isn't the first time in the last year he announced job cuts. they cut jobs late spring, early summer as well. all right. well, the drama continues between cbs and les moonves. i'm thinking lawyers now? tracee: yes, in an s.e.c. filing, cbs says les moonves is challenging the company's decision to deny him a severance package of $120 million. moonves was denied the money after a cbs board investigation found that he violated company policies, breached his employment contract and intentionally failed to fully cooperate with the investigation. the terms of his agreement allow for moonves to challenge the board's decision in arbitration. cbs is down nearly 19% from a year ago. lauren: burger king, we always have to get food in there, how are they trying to outdo
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mcdonald's. tracee: they are taking on the big mac with the launch of big king xl. it looks similar to the big mac. however, according to bur kerr r king it has more beef than the big mac and doesn't have that third bun in the middle. you've got to compare them quickly. the big king xl is only available for a limited time. cheryl: a lot of burger. tracee: even at 5:30 a.m. lauren: i know what lunch is today. take a look at futures on this final trading day of the week. the dye dow is higher by 73, a winning week for your money. coming up in sporkts it was a big weekend coming in football, the old guard versus the new guard in the battle of the quarterbacks. jared max is making his way to the studio. a battle in the nation's capital as well, as president trump grounds house speaker nancy pelosi over the government shutdown, now in day 28. how do voters react to what they
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are flying in and out of atlanta for the upcoming super bowl. the mayor said she expects 110,000 travelers to depart from the airport the day after the super bowl. she's calling it mass exodus monday. lauren: the shutdown's getting real for a lot of people. if it affects the super bowl, what's that going to mean for fans? cheryl: jared max has reaction to that story and all the sports news. >> i think it means we better get moving on that midnight train to georgia if we want to sesee gladys knight sing the national anthem. it'the new orleans saints are 35 point favorites over the rams. the quarterback is 16 years younger than drew brees who just turned 40. tom brady, 41, playing his 13th afc championship, patrick mahomes' first, he's 23.
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let's turn back the clock, starting with phil mickelson he played the greatest golf round of his professional career yesterday. >> mickelson at 9 under. >> if it wasn't phil mickelson you wouldn't -- look at this. >> oh, my gosh. >> the magic continues for phil. [ cheering and applause ] >> phil mickelson made 10 birdies and an eagle. he never scored 11 12 under par under the first round of the desert classic. his score of 60 ties a career best. marimaria sharapova defeated the defending champ at the australian open. she took out caroline wosniaki in three sets. beginning next week -- you awesome. nba fans can ask questions during nba games to nba referees. they will be watching the games,
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they'll be interacting with curious fans, to help educate them about why calls are made. use the hashtag ref watch party or tweet@officialnbareps. i'm sure we'll get comic stuff out of this. here's my ophthalmologist card. lauren: it's the interaction that draws eye balls sometimes. cheryl: thank you so much. jared max, you can listen to him, 247, sirius xm channel 115. lauren: let's take a look at the market. dow's up 79, nasdaq up 14. netflix is a stock to watch today, down over 3%. so is tesla, almost 4.5%. as we head into day 28 of the shutdown, reaction to president trump's latest move to cancel house speaker nancy pelosi's trip to afghanistan. >> it's ridiculous. it's unbecoming a president of
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the united states. but it is unr fortunately a daily occurrence. lauren: who is taking the blame for the shutdown? and the clock ticking for british prime minister theresa may and a new plan to leave the european union, monday is a key day. we'll be right back. ♪ from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪
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cheryl: the government shutdown's getting personal. president trump cancelling the use of a military plane for house speaker nancy pelosi to travel to afghanistan only a day after she urged him to delay the state of the union. the shutdown entering the 28th day. a majority of americans are laying the blame with the president. according to a new poll, 54% say
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trump is responsible for the longest shutdown in u.s. history. 31% say congressional democrats are at fault. let's bring in to react lee carter and brad miller. good morning. >> good morning. cheryl: lee, your reaction to what we're seeing out of this marus poll, the story's changing. it's not looking good for the president. >> i'm not surprised. when we went into the shutdown, the president said, look, i'm going to wear this as a badge of honor, it's called the trump shutdown, yes, i'm going to do this. as it's going on, it's becoming less and less popular. the thing is, though, over time what we see is months after the shutdown is over popularity rebounds, things go back to normal and people are going to forget. we also see in the polling, and i think it's important to note, that people don't want the president to cave on this. his base, 63% of them say i don't want him to compromise. 84% of democrats say they don't want the democrats to compromise. if either one compromises,
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they're going to lose support among their base. this is really a dangerous game of chicken they're playing right now. cheryl: i'm glad you brought thunderstorthat up.the presideno lose approve within the base that you're talking about. his job approval is now at 39%. the disapproval, 53%. and again, the poll actually went into detail, brad, and said that folks are actually -- in his base are starting to lose their approval, i can't think of another word, for the president, and how he's handling the shutdown. >> this has played out very, very publicly and i'm not sure he will recover quickly from this. i'm not sure how long we will -- the nation will -- will suffer under this shutdown and from the effects of it. but he seems to have blundered into this, had no plan, has made
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demands that democrats can't possibly accept, has walked away very publicly from two deals, renegged on the deals, jilted the democrats. it may be like katrina like for bush where the administration appeared to be inept. trump appears to be inept. for everyone in america, you've known someone who is bluff and bluster, you don't think they're a mas masterful negotiator. that's how he has come across. cheryl: for some, they won't like anything that the president does. he does have support out there, let's be clear. those that do support the president, even though the majority might be shrinking, that's who he's talking to to want the wall, let's talk about the middle of the road. lindsey graham tweeted something, you have to wonder if a lot of americans are feeling
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this way, he said one sophomoreic response does not deserve another. speaker he pelosi's threat to cancel the strai state of the u, inappropriate. president trump's cancelling of nancy pelosi's flight, also inappropriate. >> when you look at how independents are reacting, it seems preposterous the way this behavior is. this is a serious issue that deserves serious attention. the way i took nancy pelosi's, we're going to cancel the state of the union address because there's no chance we're going to move forward in the next 13 days. the president's response was really, really childish. i think people are looking at this -- nobody's going to win here. what's going to end up happening, we'll have less trust in government, and the people that are running it to run things more than we do right now. trust in government is at an
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all-time low. cheryl: we've seen seen that n recent polling earlier this week. brad, you were in d.c. you were in the middle of all this in a former life. you tell me, what major event is it going to take for this guys to agree? well, it's democrats and republicans. is it a cancellation of the super bowl? is it airports that are half shutdown because of no tsa agents, fires that aren't being fought? what is it. >> i don't know. it appears that trump cannot give on anything or he will lose ann colter and rush limbaugh. they only have to afeel a niche audience. they don't have to appeal to all americans. they don't have to govern the country. if he can't say no to them, he can't give on anything. >> what do the democrats look like they're willing to give? nancy pelosi is saying in 13 days there's no chance we're going to get to the table.
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>> that's because she was at the table with him a week or two ago and he waked in and said are you going to give me my wall, she said no, he said bye-bye and he walked out. he bragged about that in his tweet which was widely applauded by his core base, by the ann colters of the world. the american people see that happening and they know the one that's not negotiating is trump. cheryl: i have to say, i think the parpartisanship is frustrate broader american public. the shutdown isn't good for anybody. the markets are watching that. brad, lee, we've got to run. thank you so much. lauren: it gets so bad that nobody wins. across thapond, we've got anoth- across the p pond, we've got another battle brewing. theresa may is facing another deadline for her fan. what investors need to know when we come back.
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lauren: this coming monday a key day for great britain as theresa may present presents heb to government. will they go for it? jane foley is a senior currency analyst. what do you make of all this, jane? >> it's still a very difficult, precarious position for theresa may. although she does have to present a plan b on monday, it's difficult to know what she's going to do. if for instance she says let's remain in the union, she might get a parliamen parliamentary m,
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she may split things in two. we may not get the support. lauren: thank you very much. have a good weekend. cheryl: "mornings with maria" starts right now. maria: thank you so much, ladies. thanks for joining us. happy friday to you. i'm maria bartiromo. it is friday, january 18th. your top stories right now, 6:0. rolling back tariffs, the u.s. reportedly looking to ease tensions with china to get a deal done. the news sparking a late day rally on wall street yesterday. we see firmness this morning. grounded, president trump canceling house speaker nancy pelosi's trip to visit troops in afghanistan. the administration pulling the delegation headed to davos next week. tesla reportedly slashing their workforce by 7%, cutting the fourth quarter guidance as well. we have details and ceo's elon musk's letter to employees
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coming up. netflix's revenue miss, after sales guidance came in shy of expectations. "mornings with maria" begins right now. ♪ out of the deep end. ♪ watch as i dive in. ♪ i'll never leave the ground. ♪ crash through the surface. ♪ where they can't hurt us. ♪ we're far from the shal shalls now. maria: we kick it off this morning with markets, wall street looking firmer, we're looking at a higher opening for the broader averages this morning, extending a late day rally yesterday. stocks got a boost yesterday as the dow industrials are up, the nasdaq up 7.5%. yesterday u.s., china trade optimism, the wall street journal reporting that the trump administration is consideri
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