lou: the president making clear it is a crisis on our border, that it is a national emergency. that's it for us tonight. we knew the votes were not going to go anywhere, we thought, and now mitch is negotiating with chuck schumer and we'll see what happens. cheryl: what will happen, the shutdown showdown continues today. it is looming over capitol hill this morning. there are dueling funding bills that failed in the senate, lawmakers scrambling overnight to come you up with something else. lauren: investors are focused on earnings and china trade talks. intel reported after the bell yesterday. those sinkin sink shares sinkin. the dow is up 119 points in the premarket, s&p adding 13 and the

nasdaq jumping up 52 points. cheryl: the focus on europe with our davos coverage at fox business, taking a look at european indices, they're all higher right now. the german market, the dax up more than 1%. lauren: steve green in asia as well, honk -- sea of green in asia as well. cheryl: mark zuckerberg is defending facebook again. it's where he's defending the company has got many scratching their heads. "fbn: a.m." starts right now. lauren: 5:01 in new york on friday, january 25th. good morning to you. i'm lauren simonetti. cheryl: good morning, everybody. i am cheryl casone. mark zuckerberg making changes to his way of communicating and many are saying he's got a motive. lauren: he's got a motive and he also admitted we have a lot of data and we're fine with it.

let's get to the shutdown first. this is day 3 a 5. congressional leaders scrambling to hold talks to end the shutdown. president trump is suggested a prorated down payment on a border wall, that could be sufficient to open the government back up and make a deal. cheryl: the phrase we're hearing, down payment, ed lawrence is in washington. he's got the latest for us. >> reporter: good morning. movement out of the senate after two votes that could have ended the government shutdown failed. one was a republican plan, was what the president offered, the other the democratic plan. now a bipartisan group of senators says they're introducing a three week continuing resolution to fund the government, allowing for a deeper debate on border security, while workers get paid. >> the folks that i work for back home are telling me very clearly, enough already. we don't care if you have messaging votes. >> this is not a group that has negotiated in any detail what

that agreement would be but has come to a common view that reopening the government and promptly negotiating in good t faith is the only way forward. >> reporter: president trump saying he would consider a resolution that would reopen the government for three weeks but reiterated that we need to have a barrier on the southern border. >> this is a virtual invasion of our country, of drugs, of human traffickers, of so many different things, of criminals. it's an invasion of our country. and the military wants this to happen and the border patrol wants this to happen. >> reporter: chuck schumer is talking to mitch mcconnell about the senate-led continuing resolution. the hope is if it passes in the senate, house speaker nancy pelosi bray it up in -- will bring it up in the house and negotiate over border security. cheryl: about 800,000 federal workers are expected to miss their second paycheck and that's going to be today. lauren: major airlines are warning that passengers will

soon be hit by the impact of the got shutdown, even harder. they say the impact of more air traffic controllers and tsa screeners missing work could cause flight disruptions and longer wait times. we have the super bowl in a few days from now. staffing shortages have forced some airports to close checkpoints. tsa screeners absence rate hovered around 8% this week, that's double what it typically is when we don't have a government shutdown. cheryl: wilbur ross and larry kudlow have been making the television rounds, offering somewhat different views on the ongoing trade negotiations with china. lauren: investors caught in the middle here. blake berman has the details. >> reporter: trade talks between the united states and china continue but just how close both sides are to a deal depends on who you ask within the trump administration. the commerce secretary, wilbur ross, saying in an interview thursday, quote, we're miles and miles from getting a resolution.

but the president's top economic advisor, larry kudlow, describing a much different kind of balance. >> the president has expressed a certain amount of optimism, okay? no deals have been done. nothing is on paper. the issues -- the scope of this thing is so grand, now that's a good thing because we've never been so comprehensive. on the other hand, we have miles to go before we sleep on this. >> reporter: the treasury secretary steve mnuchin a and the top trade representative robert lighthizer will be meeting with the vice premier of china in washington late next week. kudlow says those discussions will b determinative. lauren: the ceos of s six largest u.s. banks called to testify before congress this spring. they're summoned by the new chair of the house fansal services committee -- financial services committee. they want them to talk about their business after being

bailed out during the financial crisis a decade ago. the committee features a group of freshmen from the democrats' vocal liberal wing, including a lot of freshman. alexandria ocasio-cortez being one of them. katie porter from california another. cheryl: staying with the democrats, they could be looking to make taxes their signature selling point in the 2020 presidential race. democratic candidate elizabeth warren jumping in and she is already sparking debate. she's proposing an annual wealth tax. her plan would impose a tax on household wealth above $50 million. she says the tax would raise nearly $3 trillion over a decade. a fox news poll shows there is broad support for increasing taxes on the wealthiest families in america. 70% of voters support tax increases on families making over $10 million annually. two-thirds support a hike on those making over $1 million. as you can see, the support decreases for those lower income

individuals. think most americans. lauren: facebook's ceo, mark zuckerberg, writing an op ed in the wall street journal. cheryl: it's the where that's got everybody talking this morning. tracee carrasco, he didn't do this on his facebook page. tracee: he did not. the facts about facebook, that's the title of zuckerberg's piece in which he tries to explain how facebook operates, particularly when it comes to gathering our information and using it, especially with advertisers. zuckerberg reiterates that facebook does not sell people's data and instead has a strong incentive to protect people's information from being accessed by anyone else. facebook is up slightly higher in the premarket. cheryl: we're going to have a little more on this later on in the show. and again, did he make any new points? not sure he did. let's talk about intel that came out after the bell. not great news. tracee: intel missed fourth quarter sales estimates, hit by a slowdown in china and weak

demand for its data center and modem chips. the company forecasts current revenue and profit below analyst estimates. the interim chief executive calling this a, quote, digestive period. saying the prospects and the health of the industry are as bright as they've ever been. shares of intel fell more than 7% in after-hours trading. lauren: stock to watch today. it missed where it counts unfortunately. we'll see if that's a sign of a tech wreck to come. amp son has a new -- amazon has a new robot. tracee.tracee: amazon unveilina robot called scout. it's an all electric self-driving vehicle that maneuvers across sidewalks to deliver things that you buy. scout is about the size of a cooler, travels at a walking pace. there's scout on your screen. able to maneuver around any sidewalk obstructions like pets. scout will start delivering packages to one neighborhood in washington state today.

for now, scout will be accompanied by an amazon employee but the ultimate goal to send scout on its own to deliver those packages. lauren: i'm glad you said an amazon employee will be accompanying scout. i could see a group of teens getting rowdy like beating it up or trying to steal it. thank you very much. cheryl: as we head into the final trading day of the week, let's take a look at futures right now. at this point, markets were looking to close out the week lower. that may change today, though. again, we're looking at a dow that's up 129 in the premarket, s&p up 15. the nasdaq the index to watch today, up a little more than 57 points. still ahead, let's talk about intel. that warning of slowing demand really just the tip of the iceberg for the tech sector. it's possible other chip makers may be following. how another tech wreck may be coming. once you hear it, you cannot get this out of your head.

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cheryl: the world's largest chip maker, intel, dow component, issued a weak outlook after missing their fourth quarter revenue numbers, this is raising fears about a possible chip slowdown. shares of intel dropped in after hours. intel down more than 7%. let's bring in ann wishengrad. you can look at this two different ways. they haven't found a ceo. they've been on an eight month search for a ceo. the first nine months of the year were pretty decent for intel. the last quarter they saw a little bit of pressure. are we overactin overreacting t? >> it's hand in hand with what we saw with apple. some of the chipsets will be an issue. apple said they're looking to create their own chips and they won't be using them for 5 even

though intel will create their own a 5g chips. we're in a little bit of a tech pause. i don't think this is a tech wreck or a huge crash. it's like we were at the top so there's no more -- it will take amazing stuff to get to a new top. cheryl: we're going to hear from some of the bigger companies, we'll be hearing from next week. intel is certainly one to watch. i know that hurt nvidia. you have amd coming out next week. apple will be like the report to watch. amazon as well next week. so overall, we could be getting a different picture. what are your expectations for next week? >> well, i think you're correct. apple is the first company in the world to hit a trillion dollars. so naturally everyone is going to have their eye on apple and figure out how a off they were. amazon as well, holiday shopping, amazon is the face of e-commerce and purchasing so we'll see what happened there. cheryl: let's move on to this facebook op ed from mark

zuckerberg. what's so interesting i think about this is that normally when he wants to talk to everybody he makes his case about whatever's going on, he posts it on his facebook page. he went to the wall street journal. that is a paid subscription service. that is investors, that is politicians. this wasn't meant for the average facebook user. it was meant for regulators, meant for big money guys who don't seem to have faith in facebook. what did you make of the op ed? >> when he wants to get out there and communicate, it's best he stays off camera. he comes off as robotic. they have a hug humongous reputn and trust issues right now. anything they could do to signal to the business community, he wants to talk to people that move markets, that decide whether or not they like facebook as a stock. a lot of people that are big institutional investors don't use the social media in the same sense. they're not sitting on facebook. they don't understand the

nuances. he's trying to reclaim or fix his reputation. they broke so much trust. it will take a long time to do. cheryl: he brought that up in the op ed, not that he said anything new, young. he said we don't -- i don't think. he said we don't sell people's data. he's trying to keeps his head above water here, saying no, no, no, we're the good guys. but it's wall street he's got to convince. >> yeah. i mean, they've broken the trust time and time again. it's difficult to believe what he's saying. there are nuances. no one cares about the nuances. the bigger point was we believed one thing. other things happened. you took our data. it wasn't used in the right way. there were nefarious things that happened to it so shame on you. cheryl: earnings come out next wednesday. the biggest question, are people leaving facebook. seems like they are. ian, we'll get you back of course. thanks for coming. >> thank you. lauren: earnings front and center this morning as well as trade negotiations with china. we have an up market, dow

gaining 118, s&p up 13, the s&p is down 1% on the week. nasdaq up 52 this morning. coming up, chaos in venezuela as the u.s. issues a stern demand to the socialist regime. >> we told the maduro clique if they do anything to harm americans we'll hold them responsible. >> the warning the state department issued for americans in the country. a north korea missile warning turns out to be a horrifying hoax. how a family was duped inside their own home. cheryl: that child is going to town on those drawers. lauren: what's he looking for? let's take everything out of the drawer. everything. clean it up. alerts -- wouldn't you like one from the market when it might be time to buy or sell?

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lauren: tgif. let's get you caught up on what's happening now. nonemergency american workers on their way home from venezuela amid a political chaos there, two days after nicolas maduro ordered all u.s. diplomats to leave the country. the trump administration recognizing opposition leader juan guaido as president. americans living in and traveling to venezuela were urged to get out. the nation's military and russia standing by maduro, telling the u.s. to stay away. all of this as mike pompeo says the united states is ready to send venezuela $20 million in food and medicine if asked to do so. migrants looking for asylum in the u.s. now have to wait their turn in mexico. a new policy goes into effect today forcing asylum seekers to go back over the border as they wait for their day in court. it will be introduced at the

nation's largest port of entry. the policy is expected to be challenged in court. well, take a look at this, shares of pg & e surging yesterday after california said the utility wasn't to blame for a deadly wildfire back in 2017. the stock soared about 75% on the news. the tubs fire killed 22 people and destroyed nearly 37,000 acres, mainly in napa and sesonoma counties. they have not determined whether the equipment helped spark the camp fire, which killed 86 people, that was the fire last year. a family sent into a panic after their home security camera warned them about a north korean missile threat. it turned out the warning came from a hacker instead. cheryl: the threat is that child. lauren: the threat is the child in the bedroom, messing up his room. put those clothes back. the family walls told through their camera that president trump was brought to a secure location and only had three hours for them to evacuate their

home. google said the security breach was likely a third party hack. but pretty scary stuff. cheryl: is that what kids are doing? is that what children are doing when the parents aren't around? the minute the parent walks out of the room, i'm going to destroy my bedroom. that's what those kids said. all right. we've had a few days of warmer weather here in the northeast. sally, that's coming to an end, maybe the rest of the country will get a break. lauren: janice dean has very nice kids, they don't destroy their bedrooms. >> we'll talk about my boys later. the pressing news is the cold air that's going to infiltrate the country next week. this will be a top story. let's get to it. all of that rain that moved across the east coast, it's gone. we do have lake effect snow. otherwise fairly quiet except for the cold air that is arriving. we'll get one shot of it this weekend. heading into next week, perhaps the coldest air we've seen in some cases in years, maybe even decades. you're going to see a lot of

hashtag polar vortex as we head into next week. see all that pink? that is pure arctic air, diving southward across the northern plains, midwest, ohio river valley. we could deal with wind chills of minus 35, minus 40 in parts of the area. this will be the big news next week. we'll keep you up-to- lauren: you made me cold just looking at that. >> i just want to warn folks. cheryl: you're so great about that. those are deadly temperatures. >> potentially very dangerous, deadly temperatures, absolutely. cheryl: janice, thank you very much. great to have you, ma'am. have a great weekend. futures, intel the big story, as far as the dow goes. you know what? investors shrugging it off. we may actually post gains for your major averages this week. we'll see. still ahead, the white house pushing back on 2020 hopeful he'll ielizabeth warren. these trying to up the ante on

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it's just about as old as the hills, going back to socialist theories that have never worked. let's just tax rich people. venezuela, there you go. lauren: reaction is swift to presidential candidate elizabeth warren's plan to a tax on the

ultra wealthy. cheryl: yeah, because we've never heard that before. investors focused on earnings and china trade talks but it's not what you would expect this morning, even thousand intel sunk after worrying about slowing sales. futures are looking pretty strong this morning. we may turn the week around and close in the green. s&p is up 16 3/4. lauren: if we do, we're higher five weeks in a row. europe is a sea of green. the dax in germany the best performer, up 1.2%. cheryl: stocks in asia all higher. hong kong the big winner. parents, you might want to listen up. ♪ baby shark doo doo doo doo doo doo. ♪ baby shark doo doo doo doo doo doo. ♪ baby shar shark doo doo doo do doo. lauren: it's addictive and then it becomes annoying. a new plan for the creators to conquer the world. what are they doing? "fbn: a.m." continues right now.

lauren: it's 5:30 in the morning. it's friday, january 25th. i'm lauren simonetti. cheryl: i'm just here thinking about the baby shark. it gets stuck in your head. good morning, everybody. lauren: there's another one, daddy finger, daddy finger. cheryl: it's yeah you. >> i. lauren: we have concerns over a global economic slowdown, raising fears among investors, some major business leaders at the world economic forum in davos optimistic. >> the confusion in the environment right now is is it a slowdown or going into a recession. nothing we see says it's close to recession. >> i actually believe we should be super impressed with the resilience of the global economy over the last few years. >> just a little bit slower growth, it's not a recession or a decline. lauren: joining us now, optimal capital director of strategy,

francis newton stacy. you heard from the ceo of bank of america, cisco and coca-cola right there. if they're not worried about a recession, does that give the federal reserve cover to be more hawkish next week, francis? >> they are data he dependent. i don't think the markets are ready to absorb more tightening. we saw the violent reaction in december. but remember, the fed ha pulled some billions off the balance sheet so far. that has begun to run regularly in october of 2017. that's $25 billion r per month. this year they say they're on auto pilot unless they have to stop the balance sheet reduction and they're doing $50 billion a month. last year he globally 90% of the asset classes were down. 70% of the asset classes hit that magical minus 20% bear market number and that was with the tightening that occurred.

we're supposed to have double the rate of balance sheet reductions in the face of slowing growth. i don't know. but i'm watching very closely. lauren: we have an up market this morning. futures are higher by at least half of 1% across the board. do you know why it's positive when you have commerce secretary wilbur ross with respect to the china trade negotiations saying we're miles and miles apart on a deal. larry kudlow's not walking that back this morning. and you have the intel earnings which are raising fears about the tech sector going south. why are we up? >> i think that we're up because we sold off so quickly, so fast, so much, so quickly and the fed said look, we're stopping, we're toking. the market was trying to price that in. i think the market tried to price in, in december, this balance sheet reduction scenario. that was why it fell so drastically when they said it was on auto pilot. so if we just stopped right here, then the market's fine. we're going to go up forever. that's the thing. is there actually going to

continue reducing the balance sheet and okay, maybe that's priced into the market. but we have a record amount of debt worldwide. we have a record amount of debt in almost every sector. so when you reduce the money supply, which is literally what happens when they reduce the balance sheet, they just vacuum that money from putting so much in during that era of kwa quantitative easing, they're vacuuming it back out. what happened during quantitative easing? market went straight up. during tightening, straight down. lauren: you think the fed is the biggest head wind, over the shutdown, over china negotiations. it's the fed? >> absolutely. when you look at the volatility with the china trade, the markets go up and down a few hundred points on the dow. it's nothing like the sellof sef december for the fed. lauren: 13 dow comp pone meant report next week. -- components report next week. we'll be watching.

cheryl: elizabeth warren is calling for a wealth tax on the richest americans, following in the foot steps of alexandria ocasio-cortez. she wants to raise the top tax rate to 70%. president trump says such proposals could turn the u.s. into the next venezuela. >> that was the richest state in all of that area. that's a big, beautiful area. and by far, the richest. and now it's one of the poorest places in the world. that's what socialism gets you, when they want to raise your taxes to 70%. cheryl: let's bring in edward stringham. maybe the president has a point. we don't want to be france, norway, france, switzerland, they've kind of gone socialist in their policy. are we headed down the same path? >> yeah, let's make america venezuela again. we have so much data around the world, historically and modern

time, that high taxes discourages economic activity and discourages people from accumulating wealth. people who accumulate wealth in markets do so by helping consumers and everybody. the idea we want to punish that is a zero sum mentality that business is bad. we need to get away from this socialistic style thinking. cheryl: listen to what larry kudlow said in reaction to the plan. he said, look, this goes back to socialism, let's go to tax and spend liberalism and that's kind of -- i'm trying to paraphrase him on dobbs last night. look at the poll we have from fox news. it says look, the u.s. moving away from capitalism to socialism would be 54% say a bad

thing, 24% a good thing. elizabeth warren should look at this poll. >> yeah, we've learned this time and time again, socialism does not work. capitalism helps people, enriches people at all income levels and the idea that we're going to start revisiting this debate from the 1980s and before to say okay, let's bring back these ussr style policies, not that extreme. but even in europe, they've moved away from the high tax rates. they're unsustainable. as you punish the wealthy, it discouraging people, discouraging people from accumulating wealth. we don't want to do that. cheryl: the tax foundation issued their take on this. they say her plan is economically and administratively flawed. doesn't even begin to work for the economy, for multiple reasons. we're out of time, edward. thank you for being here.

lauren: good for politics. bad for the economy. starbucks stock getting a jolt after the latest quarterly report card. cheryl: tracee carrasco has that and other news headlines. starbucks had surprises. tracee: starbucks reported better than expected results for the fiscal first quarter. revenue for the quarter came in at about $6.6 billion, surpassing forecasts, same with earnings per share. the closely watched comparable store sales number came in at 4%, beating estimates of 3%. and during the quarter, starbucks opened 541 new stores, bringing the total to just under 30,000 worldwide. starbucks is higher in the premarket. lauren: they're refocusing, on customer service, delivery and healthy drinks. not as many unicorn frappuccinos. cheryl: let's talk about baby shark. tracee: baby shark rules on youtube, has topped the billboard r charts and will soon be on your tv. ♪ baby shark doo doo doo doo doo

doo. ♪ baby shark doo doo doo doo doo doo. ♪ baby shark doo doo doo doo doo doo. ♪ baby shark. ♪ mommy shark. tracee: that catchy song, pink fong reportedly plans to release short videos on netflix. a cartoon series and musical are also in the works to debut this year in north america. pink fong hosted shows around the world, including south korea, p ensouth creesouth kore. lauren: no sweethearts maybe for valentine's day but someone else is filling the void. tracee: the popular candies will be missing from store shelves but there will be heart shaped donuts at krispy kreme. the donuts have more than a dozen phrases, come in four flavors and will be available next wednesday through valentine's day.

they're cute. cheryl: i think you should bring them in. tracee: i will work on that. cheryl: would you mind? lauren: i second the motion. tracee: i third. i will do that. lauren: let's take a look at futures as we head into the final trading day for a pretty busy earnings day. dow gaining 156. taking a look at sports, the nba all-star lineups are set and how one 10-year-old boy can prove that tom brady is a cheater. the fighting words, next. and will the super bowl be getting a super surprise performance from under the sea? ♪ lauren: the online petition that is gaining steam and from some of the half time performers themselves. you're watching "fbn: a.m.." ♪ how do you gauge the greatness of an suv?

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cheryl: welcome back. the nba all-star game only a few weeks away. last night we learned the starting lineups for both teams. lauren: jared max is here with the details. >> lebron james, out since christmas, but le lebron receivd more votes than any other player. so lebron will be the captain of the western all-stars.

. the west is the best, look at these players. lebron has kevin durant, paul george, steph curry, james harden. talk about an all-star team. the eastern squad, kyrie irving, kemba walker and kariy leonard. novak djokovic won the semifinals back this morning. he will play raphael nadal in the final. tiger woods made his debut thursday. watch him go on 13. the beautiful chip shot that gets him in position to make a beautiful putt. he finished at 2 under. he's 8 shots back. with all the rules the nfl instituted to protect players' heads we're seeing a decrease in concussions, 24% fewer concussions in the 2018 season than one before, including

regular season and preseason. when you think of joe montana, you think of marijuana? legendary hall of fame quarterback has a firm that is investing money in a company that will grow pot, deliver it and have a distribution center. ace davis, a 10-year-old in lexington kentucky, he loves joe montana. he wasn't born when montana played. he says he hates tom bray brad. he created a project to prove tom brady is a cheater, because he deflated footballs an arounde said it helped him throw the ball faster. you and i will be in the super bowl. i know you're looking forward to the half time act. what about sponge bob square pants? ♪ and the sweet, sweet, sweet

victory. >> an online petition wants sponge bob to make an appearance in the half time show, on-stage to perform the song sweet vic yovictory. there is speculation you may see sponge bob face flashing. cheryl: thank you for bringing up the concussion information from the nfl yesterday. i was on the call. they spent $65 million to deal with concussions and it's actually helping players. so thank you for highlighting that. >> players, families everybody with that. lauren: catch the sports reports on sirius. sure markets negative for the week. that could change, we're up 162 on the dow. things could turn around. we're going to have that, plus airlines warning about the fallout from the government and that shutdown on safety. our next guest is going to talk about it. and a you new app in china is

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cheryl: welcome back. let's get you caught up on what's happening you now. we're watching futures really jumping this morning. this could change the story for markets for the week. we may end up positive, dow up 166 right now, nasdaq up 64 and-a-half. that's despite intel, folks. p general mills recalling bags of flour for possible salmonella contamination. the recall is for 5-pound bags of gold medal unbleached flour with a use by date of april 20th, 2020. no cases of illness have been

reported. michael cohen will suppl complya p subpoena. they want him to address a number of unanswered questions before he heads to prison in march. this comes one day after cohen postponed testimony in front of the house oversight committee. his attorney says his family is being threatened. he blames president trump and rudrieu giulianirudy giuliani f. a new app in china will tell you if someone you're standing near is in debt. it displays a person's exact location. a spokesperson said it will help create a, quote, socially credible environment. lauren: does a mortgage count as debt? cheryl: i don't know. lauren: that's mean. cheryl: that's a little scary. lauren.lauren: the government shutdown, day 35, tsa agents calling in sick at double the normal rates, leading to long

lines at security checkpoints at the airport. some argue this is the time for the government to get out of airport security, hand it over to the private sector instead p. let's brin bring in roman abacha to discuss this. many airlines warned we're at a tipping point with the shutdown. is that the catalyst for privatization? >> i think it should be. it's long overdue. if you look to europe, most of their airports have privateized security forces, even some u.s. airports are using a program that allows them to use private forces to do this. canada fully privateized its pranktransportation security administration in 1996. this is very common and private security forces are actually doing at times a better job than the federal government does and doing so at lower cost. 15% less cost per passenger which means lower ticket fees for people flying. lauren: the heritage foundation where you work estimates that privatization would produce

$465 million in savings in 2019 alone. so cheaper and arguably more effective but how exactly would privatization work? >> it really isn't that difficult. the government can continue to regulate air traffic and airport security but doesn't have to provide the entire labor force. so all those unionized federal workers that aren't getting paid right now, if they worked for a private contractor, if they worked for private companies that provided the service, they could get paid. they wouldn't be affected by the government shutdown and we wouldn't see these long lines at u.s. airports. lauren: overall, when we're not in a shutdown, how would you grade the tsa? how are they doing on the job? >> well, the federal government inspects them as well and this is one of of the problems. on the one hand, they regulate themselves to provide the services and they also inspect themselves which is not a good program. when they were tested, they let

through about 90% of weapons in this one test that were smuggled through. that's a real issue. they're not performing their job at the highest level. they're not using the best technology. it's time for the private sector to step in and do a better job. lauren: i want to ask you a quick question about the next battle, we're dealing with the shutdown now, trying to find a bipartisan compromise. we have to do much the same in march, when we have to raise the debt ceiling. how do you expect that fight to pan out? >> the debt ceiling returns in march. the treasury has a number of loopholes available to continue deficit financing the federal government, likely until summer or fall. what i think is likely to happen is we're going to see a big funding discussion, looking at the budget control act caps, because there's a funding cliff coming up for the fence that the president will want to avoid. there will be tense negotiations. at the same time that the debt limit might bind later this

summer. so this current impasse does not bode well for those negotiations because we're not seeing much movement towards compromise. lauren: thank you for your time this morning. have a good weekend. >> thank you so much. cheryl: we've got a lot more come us up. coming up. how one iconic american company is warning a no deal brexit could be detrimental to their bottom line. we'll be right back. ♪ if i can't hold you tonight. ♪ i can dream about you. ♪ time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪

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cheryl: just how bad would a no-deal brexit be? automaker ford says it would cost as much as a billion dollars. lauren: other manufacturers have made similar warnings. some anxiety of consequences of no-deal brexit. >> anxiety among some parties for a long time. certainly this week worrying headlines, ford you mentioned, air buses, land rover, real concerns about company about what a no-deal brexit will do for them. cheryl: the queen of england weighing in all of this, giving speech in women's group and got picked up in british press, she seems to be looking for reason and compromise in parliament?

>> well, you can't blame her. everybody in the country is looking for the same thing that she's supposed to be politically neutral. the press is reading news into her words. interestingly, sterling has had a extremely good week, pushing higher, that's because investors don't think that no deal brexit will happen and while there's lack of real unity about which way this is going to go, one thing is for certain, nobody really wants a no-deal brexit. the market is getting more confident that legislation will be pushed through to prevent that from happening. lauren: thank you very much. cheryl: now we go to davos, mornings with maria starts right now. ♪ >> live from davos switzerland in the world economic forum here is maria bartiromo with the special edition with mornings

with maria. ♪ maria: good friday morning from switzerland, hello, everyone, i'm maria bartiromo, happy friday to you, friday january 25th, your top stories right before 6:00 a.m. on the east coast. making his case, ceo of facebook mark zuckerberg defending the company he created wall street journal this morning, what he said about data practices coming up. shutdown showdown now enters day 35, two senate bills failed yesterday, lawmakers are back at the negotiating table today, we have the latest, federal employees are now about to miss their second paycheck. senator elizabeth warren new tax plan, hit the rich, she's proposing annual wealth tax now, we have the details as she makes her 2020 push. plus intel under pressure this morning after missed expectations, guidance was weak. taking a look at the broader market this morning, futures are

pointing to a gain, take a look, pretty good rally this morning, dow industrials up 166 points, two-thirds of 1er, s&p 500 also up two-thirds of a percent, 19 points higher and nasdaq up 56 points, percent higher after news on wall street, we see the market not too far today, down 22, s&p up 3, and nasdaq 47 points higher at 4:00 o'clock, checking global markets this morning, europe stocks are higher this morning across the board, ftse up 23 points, third of a percent. cac quarante up 1%, 46 points higher and strongest performer in germany, 155 points, one and a third percent. in asia overnight, take a look at close in asia, best performer was hong kong, hang seng up one-third percent, all the stories coming up friday morning, joining me from new york, fox business dagen