look at the united states. we will be in a slowing economic environment. that growth rate will slow. chief executives from around the world gather in davos, switseswitzerland, he global stk worries slam the u.s. the imf cutting the global growth forecast to 3.5%. cheryl: we're looking at a down market on tuesday. markets opening today lower, dow 134 in the pree market, s&p down 16. lauren: we were higher four weeks in a row. in europe, everything is down. the ftse in london is down a

third of 1%. cheryl: taking a look at stocks in asia, all falling with the shanghai composite down over 1%. we got news yesterday that china's economy and the growth there is slowing down. official government numbers. lauren: former nissan chairman carlos ghosn gets denied another request to get out of jail despite promising to wear an ankle monitor. "fbn: a.m." starts right now. cheryl: it is 5:01 a.m. here in new york. it is tuesday, january 22nd. good morning. i'm cheryl casone. lauren: good morning. i'm lauren simonetti. cheryl: we have got breaking news this morning on fox business. the imf has now cut its forecast for global growth for 2019 to 3.5%. that is down from 3.7% in october. this forecast pulled down in particular by poor economic

performance in europe. lauren: the second cut in three months. ray dalio, bridge water associates founder, told maria bartiromo at the world economic forum's annual meeting in davos that economic conditions should lead to lower interest rates. >> there is a weakening there. there is a slowing, certainly a substandard growth rate in europe and in the united states there will be a significant slowing in that particular period which should warrant an easier monetary policy. lauren: more on this, "mornings with maria" will be live from davos starting at 6:00 a.m. eastern time and we're going to have more on those comments throughout this show. cheryl: well, back here at home, we are watching the shutdown. it is now day 32. senate republicans planning to introduce legislation this week to formalize the proposeal that president trump put forward ovr the weekend to reopen the government and secure the border. lauren: president trump is not in davos, switzerland because he's dealing with everything at

home. democrats strongly oppose president trump's plan. blake berman is at the white house. >> reporter: no movement on day 31 of the partial government shutdown as congress returns to washington later today. over the weekend, president trump unveiled his latest proposal to try to end the stalemate. it calls for $5.7 billion in border wall funding, additional security measures like $805 million for drug detection technology, along with 2,750 more border agents. in exchange for a three year legislative extension for daca resip yents anrecorrespondents s and those who receive temporary protective status. >> this solves a crisis. it. is a horrible crisis. it is a humanitarian crisis like we rarely see in our country and it provides humanitarian relief, delivers real border security and immediately reopens our federal government.

>> reporter: however, democrats call that a nonstarter. they're insisting on 25% of the government that is shuttered to first reopen while the debate on border security continues. >> i told him to his face, we want the symbol of america to remain the statue of liberty, freedom, equality, not a divisive wall and we will fight for that. fight for that, we will. >> reporter: mitch mcconnell will put the president's plan on the senate floor this week but it still remains to be seen if it has enough support. back to you in new york. cheryl: well, despite the shutdown and many air traffic controllers working without pay, still, air travel remains safe according to the wall street journal. new data shows the rate of planes coming dangerously close to each other hasn't changed from a year ago. safety incidents related to the air traffic system are actually down 14%. but union officials representing

the nation's air traffic controllers warn that the shutdown is starting to strain resources and it is causing those workers stress. lauren: speaking of stress, passengers on a united flight are still reliving a travel nightmare. 250 passengers heading to moscow from newark, new jersey stranded on a cold airplane with little food for more than 14 hours this weekend when the flight made an emergency landing in finland. the temperatures prevented the plane from taking off and passengers were not allowed to leave the plane because the airport didn't have a custom officer on duty. obviously, those passengers stressed and mad. cheryl: well, a new development in the detention of huawei's chief financial officer. the united states inp formed the canadian government they plan to proceed with a formal request to extradite her. she was arrested by canadian

authorities, acting on behalf of the u.s. the allegations against her that she violated u.s. sanctions against iran. under canadian law the deadline for filing for extradition is 60 days, that would be january 30th. lauren: a few days from now. the former nissan head, carlos ghosn, will remain in jail. cheryl: tracee carrasco has an update on his story. tracee: he will likely remain in jail until at least march when a review of his detention will take place. yesterday, the tokyo district court denied carlos ghosn's request for release on bail, despite his promises to keep the strict bail terms like wearing an ankle brace altogether. let. he has been detained on multiple charges including under-reporting his pay, which he denies. cheryl: let's move on to some other things that are happening in business. changes are coming to what's app, what's going on? tracee: the messaging app is limiting how widely users can share messages in an effort to reduce the spread of false

information or fake news. previously users could forward mess messages to up to 20 recip, and now it will be five. in india, viral hoax messages resulted in more than a dozen lynchings last summer. it will last first to android users then to apple's ios facebook. lauren: google has been handed down a pretty big fine. tracee: a french regulators fined google $57 million for allegedly not going far enough in getting valid you user consent to gather data for targeted advertising. this is the biggest penalty so far under the european union-wide general data protection regulation, which went into effect last year. the new law requires companies to abide by strict data protection and privacy rules,

protecting e.u. residents. google slightly lower over the past year. cheryl: that's a massive fine against them. tracee, thank you very much. well, the imf cut this year's global growth estimate to 3.5% from 3.7%, mainly reflecting signs of weakness coming from europe and joining us now is gary b. smith and hudson valley investment advisor c.e.o., gus sako. i'm not sure you were able to hear the discussion that maria bartiromo had with several prom meant world players. we get the imf forecast. they're pessimistic about global growth. they are downgrading global growth, plateauing to straight-out he global growth weakening. i heard the panel, it seemed they were more optimistic. what's your take of the global economy. >> if we're here in the united states, the economy is probably

going to do better than the markets and it's based off of two things. number one, 70% of our economy is consumption, it's you and i doing our patriotic duty and going out and spending. we're looking at companies -- i'm sorry, countries such as germany where a 5 of% o 50% of p goes out in exports. same thing with china and other areas. europe, you have a lot of unknowns. brexit is causing a restriction in terms of what you would do as a ceo. am i going to invest into the unknown? i don't know what the rules are at this point. do i invest, not knowing if tariffs are going to affect my business. that doesn't happen in the states. the only one we're having a juror issue -- major issue with right now is with china. lauren: some assets are being moved out of london to amsterdam. we don't know how this will end up with brexit. gary remarks do you see happening -- gary remarks do you

see happening with britain and the impact on the e.u.? >> it's a mess over there. the problem is, they voted on a plan which they had no plan for. so there is now a general thought that there's going to be complete chaos when the forced exit comes. i don't think there will be. i think most of the trade will occur under the world trade oranization umbrella. you know, things like they're worried about airport landings and take-offs. those will be resolved. i think you'll see a minor blip in the world's gdp, certainly in the europe, the u.k. gdp, but i think it's going to be temporary and probably resolved over time one way or another. lauren: the imf in the forecast assumes that we do get an orderly brexit. but i guess if we don't, that serves as a reminder to other nations that maybe it's better that they do stay in the european union. let's talk about china for a second, gus. donald trump tweeted a few hours

ago basically saying stop playing and let's make a real trade deal. but i'm curious what constitutes a real trade deal because we heard from the panel that, yes, they want to open up their economy but where are the changes to intellectual property theft and other such issues, gus. >> he needs to set a framework, what is allowable and what isn't. one of the big disputes has been if you're going to do trade in china you basically have to give over a lot of your technology or at least the insights that you have in order to build out or what you're talking about, your intellectual property, so-to-speak. with that, you're also giving away your trade secrets. so in basically having a framework where it doesn't have to be disseminated to chinese manufacturers, it allows the u.s. to protect themselves, put money into r&d and not worry that someone will copy what they're doing so years of r&d work doesn't go down the drain, it's a lost expense as opposed to benefit to you, not just in

china but around the world. lauren: thank you for coming on so early this morning. cheryl: a lot of news breaking over the three-day weekend. u.s. investors watching all of it. futures right now pointing to a lower open. it's the u.s.'s first time to react to that weakening gdp chinese data that we got yesterday as well as this lowered imf growth forecast that we got this morning out of davos. dow down 134, s&p down 16 1/4. still ahead, you heard about this from davos moments ago, theresa may is presenting her plan b for brexit and it sounded a lot like, well, plan a. >> this really does feel like a groundhog day. the first thing she must do is recognize that clear majority in this house against leaving without a deal and rule out no deal. cheryl: may isn't ruling it out. what a no deal brexit, hard brexit would mean for markets

and your money, axle weber from ubs commenting on that. breaking breakfast news for you, how to get your latte without getting out of bed. you're watching "fbn: a.m.." ♪ ♪ ♪ ♪ ♪ what if we could turn trash into money? plastic bank is doing just that, by exchanging plastic for digital credits redeemable for everything from food to education... powered by ibm blockchain. when you understand the potential of new technology, you can put smart to work. i but i can tell you i liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no...

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cheryl: all right, folks. we continue to watch of course what's happening with brexit

overseas, just to give you an update on the news here. british prime minister theresa may is trying to sell plan b to parliament which is pretty similar to plan a, after of course you remember plan a resoundingly defeated last week. parliament is scheduled to vote again next tuesday. there is plenty of opposition, a lot of that opposition is in her own party. just a few moments ago, maria bartiromo was hosting a pan l he'lpanel indavos and axle webed about the turmoil in regards to the u.k. and brexit. he made news with his response. listen to it now. we don't have that bite? okay. let me paraphrase what he said. what he told maria is that basically that he believes that the u.k. will -- there will be a somewhat orderly exit for the u.k. out of the european union and that there won't be any type of hard brexit and then there

was a follow-up question from maria on the panel, we'll get that bite in a few moments but there was a follow-up he question and he said you know what, lauren, i guess i hope so, that was the best part of that. lauren: i think we can play it right now. cheryl: we've got it? okay. >> i think i ultimate it is notn anybody's interest to not have a orderly brexit. if that requires because they started late and they didn't gain traction and they didn't agree early, that requires more time to negotiate, that's the rational thing to do. cheryl: again, that was axel weber, the chairman of ubs talking about brexit. that was a headline out of davos this morning. lauren: the market's listening to all of this. this is the first day the u.s. markets will be open since friday. dow futures are down by 140 points, s&p down 17, nasdaq down 56. your perspective is all three major averages have been up four weeks in a row so it's a terrific start to 2019 and coming up, democrats try to d

derail brett kavanaugh's confirmation hearings and they want him in the hot seat again. the latest investigation threat in a bit. first it's immoral to secure the border and now it's immoral to live the american dream. >> is that a moral outcome? >> no, it's not. it's not. lauren: congresswoman alexandria ocasio-cortez's latest crusade against capitalism. you're watching "fbn: a.m." ♪ money don't get everything it's true. ♪ but what it don't get i can't use. ♪ i need money. ♪ that's what i want. ♪ that's what i want. ♪ that's what i want. ♪ that's what i want. ♪ that's what i want. amazon prime video is now on xfinity x1.

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lauren: welcome back. futures are showing a down market in the u.s., dow is down 144 points, so we've seen futures dial down a little bit as the hour progresses. s&p down 17 1/2. there's a new report that reveals that american and north korean spies held secret talks for a decade through the ci after. the talks reportedly helped pave the way for the summit last june between president trump and kim jong un. new satellite images suggest kim jong un has not abandoned his ballistic missile program. researchers reportedly discovered as many as 20 undeclared nuclear sites in north korea. one facility is believed to be the headquarters of the regime's missile force. the white house has not commented on the report. more in just a bit. well, a freshman democrat on the house judiciary committee claims

brett kavanaugh committed perjury during the confirmation hearings last year. >> there's no question that he committed perjury in the last -- during the confirmation hearings and so forth. i think the judiciary committee is likely to take that up. lauren: congressman nygos did not say which statements he was referencing specifically but despite his comments, the house judiciary committee may not actually look to remove justice kavanaugh. house judiciary chairman, jerry nadler, called the fbi's investigation into him, quote, adequate. well, another freshman democrat, aoc, alexandria ocasio-cortez, slamming the system that allows billionaires and creates billionaire as immoral. >> i do think a system that allows billionaires to exist when there are parts of alabama where people are still getting ring worm because they don't have access to public health is

wrong. lauren: she made the comment while at martin luther king, junior day events in new york and she added that she doesn't think billionaires themselves are im immoral. okay, starbucks expanding their delivery service to nearly a quarter of the u.s. shops, partnering with uber eats. they tested the idea in 200 miami locations last fall. the p company said 95% of the menu will be available through uber eats' mobile app. i don't know how they keep it hot. cheryl: air travel may still be safe under the government shutdown. but the bitter cold is causing mass delays at airports. more than 5400 flights were delayed yesterday including some at a wisconsin airport that lost power. that left passengers in the dark and since it was wisconsin it was probably pretty cold for several hours. part of rhode island under a state of emergency after the cold cuts off heat to more than

7,000 customers. lauren: as we dig out from this latest storm, another one is stirring. fox senior meteorologist janice dean has the latest. oh, boy, janice. >> oh, boy, ladies. this one won't be as snowy if you will across portions of the east coast and the temperatures are going to be on the rise. by thursday, 50 degrees here in new york city. right now, feels like 3. that's an improvement from the minus digits that we were dealing with yesterday. so still feeling very cold. dangerous cold across the upper mid west, the great lakes, the northeast, but the temperatures are going to be on the rise ahead of the next storm system that is across the central plains, the upper midwest where we have winter weather advisories posted for millions, even blizzard warnings for parts of colorado, in through kansas. we'll have to watch for this system. not a blockbuster storm in terms of jackpot snow totals but we will see winds with this and eventually it moves across the east coast, the eastern seaboard

on wednesday into thursday, but the temperatures are going to be too warm for a snow event. it's going to be mainly a rain event, except if you live across portions of the great lakes and northern maine and then across the upper midwest, the central u.s. and the rockies, that's where we're going to see the jackpot snow totals. there's the forecast today. the next system moving across the eastern seaboard and the temperatures will be on the rise here in the northeast. i know that's a lot of good news for a lot of complainers. lauren: it's going to feel like summer after the cold we've gotten. cheryl: 50 degrees, that's crazy. lauren: i'll take it. thank you so much. cheryl: markets are reopening this morning and we've got some red arrows. we've got data from the chinese on the weakening economy, the imf forecast lowered for the year, that's putting pressure on futures this morning. dow down 142, s&p down 17, nasdaq down 57 1/4. we have this coming up this morning, stocks may have rebounded so far this year but

investors are fleeing the volatility. is this an early warning that right now cash is king? what does that mean for mom and pop investors? and if you are worried that robots will soon take over your job, don't fret just yet. why some bots are getting the boot. you're watching "fbn: a.m.." ♪ ♪

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♪..home i think the fed will take a pause now. cheryl: global chief executives gathering in davos for the world economic forum. we're learning that global growth worries are hitting stocks right now. it was the long holiday weekend, markets are bad but they are down. the imf cut the global growth

forecast down and that's pressuring markets. lauren: let's show you the pressure. the dow is off 146 points, the s&p is down 17, the nasdaq down 58. cheryl: taking a look at europe, which the imf pointed to is a big problem in this report, a lot of pressure there, the ftse, the cac and dax in the red. lauren: the shanghai composite down 1.2%. cheryl: it may have been a good idea at first but one robot hotel now dumping the bots. we're going to explain. "fbn: a.m." continues right now. it's 5:31 a.m. here in new york. it is tuesday, january 22nd. good morning. i'm cheryl casone. lauren: i'm lauren simonetti. if the robots at that hotel were anything like the computers that you talk to when you need to get a human being on the phone, i'm

surprised they even opened up a hotel with robots. i just press zero repeatedly. it doesn't work. cheryl: we'll have more on the bot getting the boot later on in the show. right now investors are increasing their cash holdings at the fastest pace in a decade, a stunning new report coming out. assets and money market funds have grown by more than $2 billion this month alone. this tells us that folks are gettingetfeargetting fearful abe market. let's bring in joe shroka and michael lee. thanks for hanging around. we appreciate it. >> good morning. cheryl: so we are watching futures. a lot of the pressure is not just the imf forecast for global growth, the downside there, but also the data coming outs of china about slowing gdp there. michael, but overall the u.s. picture seems to be at risk right now as we're getting this report about the fact that investors are moving to cash. if they would have done that a month ago, they were missing a

rally. what's going on, michael? >> you know, i would say investors moving to cash is about as bullish as you can get. the last time we had this type of inflow into cash was the end 2008 and since then the s&p 500 is up four-fold. so i'd also be cautious on the data because money market funds being tracked by lipper, sure a large amount of the cash going into those money march fund gets coming directly from checking accounts where you typically get no interest on your deposits. you can go into a money market fund, buying short-term treasuries, you can make over 2%. i would say whenever you see an influx in cash, that's typically a buy signal. when you see cash heading for the exits and huge inflows into stocks that's typically when you want to start thinking about taking risk of the table. cheryl: that was not the answer i expected from you. that's interesting, the points you're making.

that is bullish sentiment. i hope you're righted. joe, let's bring you into that. do you agree with michael this is a bullish turn of events, the move into cash for the average investor. >> i think moving to cash is a contrarian indicator. i think a lot of the firms are out marketing cash right now. as mike said, it's an easy trade. you make zero on your checking account, you make 2% for us. it's not like the brokerages and the investment a investment adve nothing off of this. cheryl: stock allocation, third quarter of 2018 versus the first quarter of this year, it's a little bit lower, michael. want to give off the numbers to the viewers at home. 45% in the third quarter of 2018, now first quarter of 2019, 41%. what about the volatility side of this? do you think this could create volatility for the markets? we really don't need anymore right now.

>> to touch a number you have in front of you, the market was down close to 20% from the weakk at the end of the third quarter to the start of the first quarter. i definitely think volatility is here to stay. that makes cash more attractive. you probably had people leave the market that aren't going to get back in. i would say the entire recovery since 2009 has been the least loved bull market in history. you've had so many people miss the entire think on the sidelines, that i'm sure there's a lot of people that have done pretty well over the last few years, but there's a lot left to go in my opinion. cheryl: one thing that savers will not want to hear, the panel that maria was hosting in davos talked about this, the fact that the fed could be on pause. global banks frankly are on pause. that's bad news for people sitting on cash. doesn't that change the dynamic if the fed sits where they're at for 2019 as a lot of analysts

are expecting. >> if we reached the seventh or eighth inning of short-term interest rate increases like was mentioned on the panel from davos, you're still making 2% in the money market account or a little over. eventually, that's not going to continue to preserve purchasing power in the future. so you're going to have to invest in higher earning assets like equities to save for the long-term. cheryl: we'll see if the cash investor picks up on all of this and how fast they turn around their portfolios. mike and joe, thank you very much for all of your help this morning out of davos and of course just now. we appreciate it, guys. >> thank you. cheryl: you do not want to miss "mornings with maria." maria is live from the world economic forum's annual meeting, davos, switzerland, her show and all of these great guests starting you 6:00 a.m. eastern time. it's going to be a big show. stay tuned. lauren: tesla gets the green light to start deliveries in europe. cheryl: tracee carrasco has that and other headlines.

tracee: deliverlies in europe could start as soon next month the model 3 met requirements for european roads. tesla tweeted a photo of european model 3s off the production line. the company was expecting the approval and opened online orders for some european countries this month of. they hope the car will be a success there, where electric car sales surged in the last year. tesla is up slightly higher in the premarket. cheryl: investors in tesla need some good news. limited edition lincoln continental already sold out. tracee: yes. it only took 48 hours for the $110,000 lincoln continental with coach doors, those are the backward opening doors, for it to sell out. only 80 of these were made to celebrate the 80th anniversary of the first lincoln continental. this 2019 limited edition model

is the most expensive lincoln sold to date. more will be made in 2020, if you didn't get a chance to get one this time. lauren: those doors look so regal. humans may not have to worry about robots stealing our jobs after all. what happened? tracee: the japanese henna hotel chain was the first ever with an all-robot staff but four years after opening it seems that more than 200 of those robots are more of a headache than a novelty. according to the wall street journal, the henna hotel fired about half of them. guests p complained the robots couldn't answer simple questions or understand their requests. bell hop robots were designed to carry luggage but they could only move on flat surfaces. this goes to show robots p can't always do a better job. cheryl: that's a theme we have to remember. thank you very much. lauren: the oscars still do not have a host but this year's nominees will be revealed today.

comedian kumal najani and tracee ellis ross will announce the contenders this morning. cheryl: the aca academy's been struggling to find a replacement heart after kevin hart stepped down over controversial tweets. the oscars air on february 24th. lauren: we have the imf cutting their global growth forecast and we also have the severe slowdown in china's growth and with that, the dow is down 150 points. should the u.s. just accept a nuclear north korea? we're going to take a look at that exact question with guests coming up. in sports, the owner of the new orleans saints says she wants big changes after the referees missed a blatant pass interference call against the l.a. rams. you're watching "fbn: a.m." ♪ why you want to give me the run-around.

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lauren: let's do some sports. the fallout begins from the penalty missed by nfl officials in sunday's nfc championship game. cheryl: we bring in jared max. i don't know, jared, maybe something good can come from this controversy. >> learn from our mistakes. big stakes here. the nfl dropped the ball so badly on the game changing call

to decide who goes to the super bowl, somehow refs didn't see this penalty. gail gaigayle benson said she wl pursue changes in nfl policies to ensure no team and fan base is ever put in a similar position again. this offseason reportedly the nfl will discuss making pass interference calls eligible for video review. now, that saints rams game projects to be the most watched telecast on fox since super bowe tv homes in new orleans were watching the game, 59% in l.a., the country as a whole, 49% on average. cbs says the patriots, chiefs game, second most watched afc title game since they began keeping records in '78. 83% of homes in kansas city were tuned in, 78% in boston, 26% higher from last season's title

game. it's a big money super bowl, lots getting bet on the patriots who are favorites. average listing price nearly $8,000 as of yesterday morning, the cheapest ticket right now i saw with he fees at seat geek is $3,900. that's with the fees. 6:00 p.m. eastern time tonight, baseball fans get ready, we find out who gets into the hall of fame. these guys likely to be getting in. the first four, edgar tar at thimartinez.president trump twet for kurt schilling and the guys with the -- the juicers, alleged juicers, do we have to say for one of them? anyway -- lauren: thank you very much. >> happy tuesday. lauren: you can catch the sports reports on fox news headlines 24/7, sirius 115.

cheryl: markets have been closed for three days. we're seeing extra pressure on the dow. we're down 153 in the premarket, s&p down 18, global growth or lack of it is the big story this morning. more on that in a moment. with the new u.s./north korea summit on the horizon, will north korea ever give up its nuclear weapons and how should the u.s. deal with that possibility? first it was a chicken scented you'll log, then an herbs and spices bath bomb. now you're not going to believe what kfc has come up with now. you're watching "fbn: a.m.." ♪ you can start me up. ♪ you can start me up, i never stop. ♪ you can start me up. the same iot technology on the ibm cloud that helps race teams improve performance and safety.

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cheryl: welcome back. let's get you caught up on what's happening now. three days the markets have been closed, we're looking at a lower open on this tuesday, first trading day of the week, dow down 115, nasdaq 59 3/4, that is on glow ga global economic ne got from imf. experts on china are pressuring beijing to release two canadians detained last month. they penned an open letter to china's president, criticizing the detentions of researcher michael kovrik and michael stabor. the government of venezuela said they foiled a military uprising. police arresting 27 soldiers that stole weapons and took four other soldiers hostage inside a command center. the attempt prompted protests around the command center. anti-government demonstrations in venezuela are planned for later this week. and finally, kfc unveiling a

gravy scented candle. the chicken chain giving away 230 of these candles. they're only available through an online raffle. it's only in the u.k. but so far these little items have been pretty popular. lauren: that's my favorite one so far of all their inventions. as we just reported, a secret north korean missile base has been discovered just days after plans were announced for a second you nuclear summit between president trump and north korean leader kim jong un. what will this do to nuclear negotiations between the two countries. we bring in james karafano. thanks for joining us. there might be 20 of these missile operating bases, according to recent reports. should we reward north korea with a formal summit? >> you know what, a lot of i think sober critics have said is the only way we would really know if north korea was even considering going on a path of denuclearization is if they did

a full and complete declaration of their nuclear assets. that would include not only the facilities that produce nuclear weapons, nuclear weapons themselves but all the related nuclear infrastructure including missile bases and everything else. the north koreans haven't been willing to give that up yet. that's the big card. if they don't play that card, i don't think anybody is confident they're actually serious about getting rid of their nuclear weapons. lauren: the wall street journal editorial board suggests this, focusing on managing, managing is the key word, a nuclear north korea as opposed to denuclearization. what do you make of that strategy? >> well, as a negotiating strategy, just kind of accepting north korea as another nuclear state is about the dumbest idea i've ever heard. the reality is, the united states can protect its interests which is a nuclear war in northeast asia or them threatening us or allies with a strategy that we have in place of maximum pressure.

nuclear and missile deterrents, heavy sanctioning, conventional deterrents. that protects our interests. if we want to actually negotiate the elimination of north korea's nuclear weapons which is important to the world, the last thing we should do is start off by saying well, if you really want to keep them, that's okay. lauren: that's the challenge. they've invested so much money in the nuclear capabilities, how do you get them to dismantle those when there is immense sanctions on that country. we also learned this, and this was news to me. i know you know more about this, james. the us intelligence met with north korean intelligence for decades now and that's how we got to the point where we had that first june summit president trump and kim jong un. >> there's a myth that the north koreans sit in their country and don't talk to anybody. the reality is they've got all kinds of contacts. i've got a an analyst that routinely meets with north korean officials in what's

called track two settings. north koreans talking to other people, that's not new. the unrecognized dimension is really iran. those things go together. the united states can't give a sweetheart deal to north korea and then turn around and say but we're really going to pressure ran aniran and their nuclear pr. the iranians are watching. if we give north korea the get out of jail free card, the iranians will say we'll wait this guy trump out and we'll go back to the nuclear deal and we'll be fine. lauren: what's the goal of the second summit at the end of february? >> i think the north korean goal is to get the americans to come off the requirement that they eliminate all their nuclear weapons program. i think the united states, number one goal is to demonstrate on the one hand our continued resolve that this is a process of getting rid of your nuclear weapons but on the other hand to continue to make the case and reassure the north koreans that there is a path forward for this country if you agree to get rid of your program. your program is the obstacle to your having a productive future. that's the president's message.

i suspect he's going to stick with that. lauren: all right. i suspect you are right. james karafano, thank you. cheryl: well, we've got a lot more coming up. the world economic forum in davos, switzerland underway and the mf taking the -- imf taking the opportunity to throw cold water on global growth forecast. we'll have details when we come back. ♪ tenth avenue freeze-out. ♪ i was standing in the jungle, trying to take in all the heat they were giving. 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. 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.

cheryl: global stocks lower today, concerns about global growth resurfacing, investors questioning what's going on in 2019. let's bring in right now for analysis, joshua hominy of i.g. group. this forecast putting a damper on things this morning. good morning. >> good morning. it's building on yesterday's figures where we saw chinese growth figures underperform. that gave us the weakest quarterly reading since 2009. this is belling a building a pf weakening growth. we have this continued trade spat between the u.s. and china but also making reference to brexit closer to home. lauren: add italian debt worries and factory orders slowing in germany. what do you expect the european central bank to do when they meet later this week?

>> yeah, i don't think they're necessarily about to move, quite honestly. the way things stand in terms of the global outlook, in terms of trade and we're seeing a slowdown as alluded to by the imf. gives them time to hold off. that's something mario draggy has been good at doing. we have the davos meeting. this should be an interesting time to get perspective. we've got angela merkel who will be there. xi jinping will be there. this hopefully should give us some sort of direction of the countries in light of the fact we're seeing this global slowdown. cheryl: joshua, thank you very much. lauren: "mornings with maria" starts right now. live, from davos, switzerland, at the world economic forum, here's maria bartiromo with a special edition of "mornings with maria." maria:

maria: good tuesday morning, from davos, switzerland. hello, thanks for joining us. i'm maria bartiromo, it is tuesday, january 22nd. your top stories right now, you 6:00 a.m. on the east coast. markets back open after the holiday weekend. we are looking at declines to start things off. the shutdown showdown part of the issue. the dow industrials down 145 points this morning, 1/2 of 1%. the s&p 5 p hundred is down 18, the nasdaq down 59 points right now. we are now in day 32 of the government shutdown. president trump holding firm in his position to secure border wall funding. uncertainty across europe forcing many leaders to stay home. i got off the stage a few minutes ago from my panel. we have highlights from the conversation which we focus on the global economy, particularly china, as well as markets and the dollar all coming you up later this hour, right here. then this, google under fire, the technology giant fined by europe under its new privacy

law. how much it's paying up, coming up. moments ago, i sat down in a first on fox business interview with bridgewater associates founder and co-chief investment officer, ray dalio. we talked about everything from the slowdown in china to education in america. watch. you made a lot of important points. in fact, about what's going on in china today. let's start there. the implications of a slowdown in china and the implications of what china does with all of the debt that it holds of the united states' debt, the bond market have real implications on markets. give us your assessment. >> china is going through two drags on the economy over the short term and that is it's dealing with a deleveraging, deleveraging's a good thing. in other words, it's controlling and restructuring its debt. that slows demand some. that's a factor. the other short-term negative is the conflict with the united states, particularly as it pertains to debt.