like me on facebook and follow me on twitter and instagram. good night from new the scope of these talks will be the broadest and deepest in u.s./china history. i do want to reiterate, i don't recall whose point it was, enforcement issues whim be very important -- will be very important. cheryl: how much will be enforced by the chinese. a lot is at stake. the u.s. has filed sweeping charges against chinese telecom giant huawei and the cfo. lauren: china weakness showing up on u.s. earning reports. four more dow stocks report today, including apple, pfizer, 3m and verizon. the s&p is down 2. cheryl: taking a look at europe, the british parliament

is weighing changes to the plan to exit the european union again. it is a real battle for theresa may. the ftse is higher right now, by more than 1%. that's interesting. cac is higher as well. lauren: stocks in asia closing mixed. cheryl: call important's largest -- california's largest utility, they're filing for bankruptcy, facing billions of dollars of liabilities, all of this related to the horrific wildfires. details coming up. "fbn: a.m." starts right now. lauren: it's 5:01 a.m. in new york. it is tuesday, january 29th. googood morning. i'm lauren simonetti. cheryl: good morning. i'm cheryl casone. lauren: the chinese delegation arrived in the nation's capital. chinas' vice premier arrived for critical trade talks with u.s.

officials. cheryl: we're going to get more from our very own edward lawrence. >> reporter: good morning, lauren and cheryl. china's vice premier in washington, d.c. this morning to be ready for trade talks. two days of talks planned, starting on wednesday. the treasury secretary trying to down play the importance of this first meeting since the g20 at such a high level. >> we do have another 30 days after this, so my expectation is that we'll make significant progress at these meetings but i would just emphasize, these are complicated issues. we have a time line of how we mapped out the 90 days? many experts say we will know if the chinese want to deal or if they want to delay by the first meeting. the u.s. wants to see if china will put in writing structural changes that will protect intellectual property and also if they will open market access. the u.s. trade representative is considering suspending the tariffs to snap back china doesn't follow through or removing them with the language

that the tariffs would be added if china fails to make structural changes. all of this complicated by the unveiling of charges against huawei including the cfo, who is in canada awaitin awaiting extr, a big week for trade with the he focus starting on wednesday. cheryl: let's pick up on that. huawei is denying the u.s. charges that it violated iran's sanctions and china is calling on washington to with yo withdrs request for canada extradite the huawei. lauren: we have a programming note for you. steven mnuchin and larry kudlow will be maria bartiromo's guests on "mornings with maria" today starting at 8:00 a.m. eastern time. cheryl: the united states has imposed sanctions on venezuela's state-owned oil company, cutting off a vital source of income for the country. lauren: blake berman at the white house with the very latest. >> reporter: the trump administration continuing to try to keep the pressure on nicolas

maduro and venezuela, announcing sanctions targeting the country's oil industry. john bolton and steve mnuchin announced a freeze on any purchases involving venezuelan oil by those in the u.s. the money will be frozen for maduro to touch as it will be placed on hold until and unless juan guaido is recognized inside venezuela as that country's leader. the treasury secretary trying to reassure that u.s. markets and consumers won't be significantly impacted. >> most of these refineries, this is about 10% or less. there's plenty of supply at sea that's already been paid for. so there's inventories. there's been excess oil. i'm sure many of our friends in the middle east will be happy to make up the supply. >> reporter: this could be just the beginning of u.s. actions as bolton said, the military option is on the table. back to you in new york. lauren: during blake's report

you saw john bolton holding a yellow legal pad. if you take a close look, which photographers did do, you saw his notes and this is raising speculation about military intervention. the note that bolton wrote reads, 5 yo 5,000 troops to col. not sure if that's intentional but that could be the way the u.s. addresses the crisis. cheryl: the president accepted nancy pelosi's invitation to deliver the site th the state on address next week, february 5th, tuesday. a week after the day he was originally scheduled to give the president. the president saying we have a great story to tell and yet great goals to achieve. big news. lauren: the shutdown has cost the u.s. economy, the budget office estimates it cost the economy $11 billion with $3 billion of that never be recovered. the cbo expects $8 billion to be recovered as the government

reopens, federal employees get back pay. the longest shutdown in u.s. history ended on friday when the president and democratic leaders agreed to a short-term spend bill. we'll talk about this again february 15th when it expires. cheryl: we've got breaking news this morning for you. we mentioned at the top of the show pg & e filed for bankruptcy protection. this follows the devastating wildfires in california. they're facing at least $30 billion in potential liabilities as investigators look into whether the company's equipment played a role in starting california's deadliest fire, more than 100 people died following a series of these fires that burned hundreds of thousands of acres over a two-year period. pg & e said earlier this month they plan to file for bankruptcy. we knew that. there was some hope this would not actually happen. there had been good news for the company. they were cleared of guilt in one of the fires but not all of it. shares of pg ache & e lower in e

premarket. lauren: we have a fox weather alert for you. much of the midwest hit by dangerous arctic air mass. in iowa, the coldest temperatures in more than two decades are expected to create wind chills of, get this, between minus 35 and minus 55 degrees through thursday. in chicago, they're calling it wind chillinois with daytime highs expected to reach a record low of you minus 13 degrees tomorrow. this is impacting travel. nearly 1,000 flights have been canceled this morning, about 2,000 flights were canceled yesterday and you can expect more to come as temperatures get even lower. we're going to go to janice dean in just a few minutes. cheryl: this could be a deadly storm. well,'s move on to apple. they are set to report their holiday quarter earnings after the closing bell today. all eyes on apple. lauren: tracee carrasco joins us with everything apple this morning. tracee: good morning. the dow components and iphone maker is expected to say earnings per share rose 7% from

a year ago. the report comes almost a month after the company issued a rare warning to investors about its revenue forecast and weak iphone sales and as the number of other major companies have cited commicited china's economn as impacting their performance, we'll wait to see if that's the case with apple. investors will be looking at apple's forecast for the upcoming quarter. apple is slightly higher. lauren: they're no longer reporting unit sales. that is a first and that will be significant. there's a bug and you can eaves p drop on what someone is doing in a room. >> reporter: the bug lets callers eaves drop on group face time video calls of iphone, ipad and mac users. the glitch which was posted on social media allows one facetime user calling another to listen in while the recipient's apple device is still ringing, even if that person never accepts the call. apple has since disabled the group facetime featured, linked

to the security bug, and is expected to release a software fix this week. a lot of steps to get there, but -- cheryl: rare that they have a breach. apple may be getting into the popular gaming business. tracee:.tracee: according to aw report, apple is working on a new gaming subscription service. apple reportedly wants to create the netflix for games where users would pay a subscription fee to gain access to a certain number of titles. no time line for when it would launch, how much it would cost or what types of games would be included. lauren: that's how they would up their services revenue. tracee: yes. lauren: thank you very much. cheryl: want to take a look at futures this morning. it's a pretty flat market open this tuesday which is frankly nice to see. the dow is only down 6 points. s&p down 1 1/4, nasdaq down 10 1/4. well, it is going to be a big test for the tech sector after

china hit caterpillar hard and it's expect forkeed to take a be out of apple. just how bad is the slowing economy rippling through technology stocks and the hits keep on coming for former starbucks ceo, howard schultz. >> don't help elect trump, you ego is the atitical billionaire. cheryl: the new backlash surrounding his potential 2020 presidential bid. lauren: it will be an ugly presidential season. cheryl: it's just starting. ♪ i knew you were trouble when you walked in. ♪ took me to places i've never been. ♪ but believe me... i'm not your average consumer. that's why i switched to liberty mutual. they customized my car insurance, so i only pay for what i need.

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when you're looking to take it all the way, score! will help you score. just text the keyword on the screen to 69-69-69 to claim your complimentary bottle. if score!'s results are too strong, please discontinue use. that's the keyword on the screen to 69-69-69. cheryl: how many other major u.s. companies like caterpillar will report disappointing earnings due to, well, the rapidly he slowing chinese economy. the story may be lying in technology. goldman sachs warning its clients about companies that get big revenue from there and that list includes m micron technoloy and wynn resorts. guys, good morning. >> good morning. >> great to be with you. good morning. cheryl: john, i want to start with you. this note from goldman sachs kind of points to companies that actually take 50, 60% of their

revenues in from china. we know apple's already told us there will be an iphone issue. how worried are you about specific companies that are going to be hurt by the chinese economy? >> i think that was one of the big risks entering the earnings season and what the market was trying to price in in the fourth quarter when we had massive volatility and selloff last quarter. i think it is clearly an issue. it's not just how much is china slowing and hurting company growth. it's also what's the impact on the strong u.s. dollar and how is that going to impact earnings as well. so a lot of cross current going on right now. cheryl: that currency issue is a good point, john. i'll take that to you, jonathan. obviously that does affect the numbers. sometimes in an extreme negative way, if you have big fluctuations with the u.s. dollar and we've had that. >> the dollar was strong for the better part of the president's tenure. it's been weak as of late. you can't ignore the fact that the markets are really

interconnected. weakness in china begets and exacerbates weakness at home. we talked about nvidia. the stock had the worst day in year. caterpillar and apple as well. our only real hope for this can be that perhaps some of this bad news from china has already been baked into a lot of these companies. but moving forward, china's going to beget with debt with the central planning. even if the u.s. can get past this, i think china is going to suffer through its own fiscal mismanagement. cheryl: i want to go back to something that's interesting here. when you look at nvidia, the one year chart looks like a ski slope especially the last two months. these are companies that we already knew had this type of exposure. what about the companies that are going to report earnings and say, well, it's obviously the tariff fight, it's obviously the chinese economy when they're trying to hide maybe other things that are happening in the

quarters. that's happened before. you've got to be honest about it. >> there's definitely truth to that. you have to expand that chart, particularly nvidia, that stock has been a home run prior to the recent selloff. valuation does matter. the valuation of nvidia was extremely high. anything that's the company jumping over that bar, that's going to kill the stock. that's what you see going on right now. companies have the ability to take a big bath here and blow up their own earnings and reset the bar if there are structural issues happening within the company's fundamentals. cheryl: one thing i want to -- i want to wrap up. we look at whose reporting today. 3m will be interesting about the china story in particular, i'll be looking at that one. let's go back to apple. tim cook already said they've got an iphone sales problem in china. their market share in china isn't that substantial. do you think there could be an upside purchase price with apple? >> only because the expectations

have been set so low. you mentioned the nvidia stock chart. apple is maybe not as dramatic but not dissimilar. a lot of the big tech companies, demand comes from china, a big part of their businesses. investors pulled back expectations. all eyes will be on fox business and especially on apple today and that company and 3m reports earnings and it will be all about china. cheryl: there's a lot of eyes of course on fox business. thank you for mentioning that. guys, thank you very much. great to have you on the show this morning. lauren: we love to check futures and we have good news. we're not higher but we're just fractional -- actually, look at that, the dow is up 2 points. cheryl: you start reading the prompter and boom. lauren: look what happens. the other good news, yesterday the indices while down did finish substantially off the lows of the session and we have more earnings reports coming out today. coming up, democratic 2020 hopefuls continue the push for medicaid for all. >> you support the medicare for

all bill. i believe it will totally eliminate private insurance, so for people out there who like their insurance, they don't get to keep it? >?lauren: how the left's healthcare plans could affect 150 million americans. forget everything you thought you knew about snapchat. how the company is weighing what was once unthinkable, folks. they're doing something you might hate and they're doing it to bring in revenue. ♪ you can run and you can hide. ♪ but i'm not leaving unless you come with me. ♪ we had our problems.

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cheryl: welcome back. pretty tepid start this morning, dow up 4 in the premarket, s&p up fractional -- fractionally

lower. five police officers hurt when a drug raid turned into a shootout. the suspects opened fire on houston police as they tried to serve a search warrant. four cops were shot, two of them in critical condition. a fifth officer also hurt. two suspects were killed you by police during the standoff. interim attorney general matthew whitaker said the mueller probe could be finishing up soon. this is the first official indication that the nearly two-year-old probe is coming to a close. kamala harris vowed to eliminate private health insurance if elected president in 2020, embracing medicare for all. she was on a cnn town hall last night, saying that even if someone likes their private insurance, it was time to, quote, move on. about 150 million americans get health insurance through a private company. well, former starbucks ceo

howard schultz gets heckled by a protester. it was his first public appearance since he teased that presidential run. >> don't help elect trump, you egotistical billionaire beep. go bacbillionaire.cheryl: that. he was interrupted in new york on his book tour. he's considering a presidential run as an independent. that's what's happening now of. lauren: oil prices, they're edging a bit higher today after washington imposed sanctions on venezuelan state owned oil company. the u.s. seeking to severely curb venezuela's crude exports to this country. what does that mean for u.s. consumers? we bring in phil flynn of price futures group. oil is up about 1% right now. are you worried that u.s. refiners will be stretched and

prices will go up? >> it's very possible if this goes on for some time of. now, what's interesting, lauren, is the bush administration -- excuse me, the trump administration -- i had a time warp there. lauren: you're just cold, phil. >> it's cold out here. you're right. it's freezing out here. the trump administration did contact the refiners and said if we use this nuclear option against venezuela, we cut off their oil supplies, are you guys going to be okay? they were given a heads up ahead of time. a lot of refiners ordered a lot ovens way lain crude. they -- of venezuelan crude. they have oil on ships on the way over. that could be sign from the trump administration that they think the pressure will work quickly against president maduro. lauren: that explains why the treasury secretary said yesterday, don't worry the consumer won't be affected too much. that explains it. analysts say that venezuela will likely try to sell their oil at

a cheaper price to china and other asian countries. how will that impact the market? >> it's going to take a lot longer for them to get it there and the problem is is how are they going to get paid? it's possible if they use a normal banking system, they make the sales to china, the u.s. government could find a way to circumvent that and grab the money and put it in a blocked account. it will be difficult for venezuela, for the maduro side of venezuela to sell the oil and get paid without the trump administration trying crack down on that. >> we have saudi arabia reportedly saying they're going to impose even deeper cuts on production and get their members to do the same. >> yeah, the saudi oil minister is saying that they are serious about getting supplies back below the five year average and they're going to do whatever it takes. in the past, saudi arabia was very sensitive to the whims of the trump add medicin administr.

this time not so much. they feel the trump administration misled them on sanctions on iran. this time, they're not going to listen to trump to raise production. lauren: phil flynn, please stay warm while you can. >> i'll try. lauren: this week. >> you too. i'll do my best. it's only 16 below. lauren: that's it. wind chill-ilinois. >> we're hearing 50 to 60 below. that's what we're hearing. cheryl: still ahead this morning, how rocky is the road ahead for tesla? the company expected to post a loss for the first quarter. will it push concerns over cash flow into high gear? and calling all bacon lovers, how you can score some of the crunchy good stuff and it's free. you're watching "fbn: a.m.." ♪ let me here you go -- ♪ baby i like it. ♪ the way you move on the floor. ♪ baby, i like it he. it.

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chinese companies like huawei are required to provide essentially access upon demand with little to no process to challenge that and so that's why it creates the national security implications. cheryl: lauren: the u.s. files sweeping charges against chinese telecom jointgiant huawei. cheryl: china is going to be center stage this week with u.s. earnings coming out. we heard from caterpillar yesterday. the stock diving on their china issues. today we're going to happy from apple after the bell, 3m a big one, ahead of that futures are flat. lauren: and in europe, stocks opened mix as the british parrelment weighs changes to the plan to exit the european union. cheryl: stocks in asia pretty fractional moves there across the board as you can see. lauren: how much cash does tesla have to actually run its business? we might find out pretty soon. "fbn: a.m." continues right now.

lauren: it's 5:30 in the morning in new york. it is tuesday, january 29th. i'm lauren simonetti. cheryl: good morning. i'm cheryl casone. lauren: the trump administration announcing a pair of indictments against chinese telecom huawei as high level trade talks with beijing are set to begin. >> huawei began a concerted effort to steal information about a robot that t-mobile used to test mobile phones of. huawei employees allegedly began to misrepresent the company's relationship with its iranian affiliate, called sky com. lauren: dean chang is a senior research fellow at the heritage foundation. thank you for coming on again. we appreciate your perspective in all of this. those are pretty serious charges by the u.s. against huawei and the timing it couldn't be worse, dean. >> or it couldn't be better.

lauren: exactly. >> we're about to have negotiations with the chinese. the u.s. trade representative's office last november noted four key areas of problems and they all come down to intellectual property. and what the indictment, particularly about the t-mobile aspect, emphasizes to the chinese is we're not kidding. we will defend american intellectual property rights. if you want a renewed trade relationship, get your house in order. lauren: a lot of this has to do with what china wants to do, the advancements they want to make as the leader in 5g, the next technology that's going to basically power everything that we do in our homes and our cars, et cetera. can china be trusted and are we effectively dealing with china and the fact that they can't be trusted? >> well, on the one hand, the chinese are trying to create a global 5g network which means they're not forcing anyone to buy their stuff. they are pricing and producing

quality goods that make them very attractive. but their attitude towards intellectual property highlights that it's very hard to trust them and if they don't get their act in order, if they continue to act the way they do, then they may well be shut out of key 5g markets, australia, the united states, great britain, japan have already indicated they are not comfortable with the chinese and the crux point is coming where the chinese are going to have to decide, do they want intellectual property or do they want markets. lauren: we have trade talks tomorrow and thursday between the u.s. delegates and the chinese delegation as well. the wall street journal is reporting that de deep divisions remain, that china is set to increase an increase in farm and energy purchases but modest reforms in industrial policy. so that is not addressing some of these structural changes, these intellectual property issues that we're discussing.

do you think we can get a draft deal produced out of these negotiations? >> i would hope that we would be at least part of the way towards a draft deal. to be fair to the chinese, we're asking them for structural changes. that is huge. that's not something that the chinese can implement in 30 or even 90 days, beginning today. but they have to show some good faith efforts. lauren: how do they do that? >> one thing i would suggest, if i were advising xi jinping, is for him to order his cyber people to stand down for six months or a year, i mean, live up to the commitment he gave president obama that there would be an end to chinese cyber economic espionage. lauren: we'll see, come thursday evening, how everything wrapped up. thank you for coming on this morning. >> thank you for having me. cheryl: we're in the middle of earnings and there's the china effect on that and then there's can a company deliver. tesla shares have been under pressure for the past couple of weeks, the stock falling after

the company announced they're cutting 7% of the wor workforce. they're ramping up production of the mass market model 3. is that enough? they're going to release fourth quarter earnings tomorrow. the stock lower in the premarket. they've got a nearly billion dollar bond payment due in march. there's a lot to talk about. let's bring in tim higgins of the wall street journal. i don't know where to start. i think it's the big payment due in march. there is a report that they will address this on the conference call. elon musk is going to have to talk about this, $920 million. >> yeah, well, that's one of the big questions here. elon musk has been reluctant all over the last year to say he wants to raise new capital, either new debt or issue new equity. he wants to start generating the cash that the business needs to go forward and pay off that debt and not refinance it. and start using the money the model 3 is generating to keep the business going and grow in the world. cheryl: do you think he needs to raise money, though? >> most analysts agree that he probably does need to raise

money in the next year or so. you've got to remember, tesla is a growth story or has been a growth story and in order to do a lot of that growth it costs a lot of money, we're talking about a new factory in china, a new product coming out called the model y, a compact fort spot utility vehicle, plans for a factory in europe. that costs money. cheryl: the layoffs may not be enough. what about the scandals that have hit tesla? are we past that, whether it's his behavior, the self driving technology issues, crashes, deaths in the past with the vehicles, do you think that's behind? >> last year the pressure has definitely come down a little bit. the third quarter surprise record profit really helped that. the results that we're going to see this week will maybe continue to give him some latitude and some confidence or it could continue to raise questions about that cash need.

those layoffs earlier this month and this push to lower the price of the model 3 really raises questions among a lot of analysts of whether the model 3 has reached kind of peak for that high priced version that it's selling. cheryl: will consumers bite. the competition is ramping up against them. let's move to apple. apple is coming out after the bell. tim cook told us they're going to miss revenue targets for this quarter. it could be about $9 billion. we don't know. because of slower iphone sales in china. we keep talking about china today. i'm wondering, they don't have a big share of that market. i'm wondering if there will be an upside surprise with apple. that's not normally a company that warns us about anything. they've had a lot of time to kind of fix their issues. >> i think a lot of investors are looking for guidance on the quarter that we are currently in. this is typically not the biggest quarter but has increasingly become more important because of the chinese new year, a big gift-giving time. just a few yearsing ago, we were

talking about how it was going to rival the holiday season, the christmas holiday season quarter. so looking for guidance, how bad is this year going to be, kind of based upon these first three months of this calendar year. cheryl: right. >> looking for service kind of revenue margins as well. cheryl: okay. so all about the -- we reported earlier about the facetime issue. are you worried about that? >> a few weeks ago, the big win was this idea that they were the privacy company and that you could depend upon them to keep your information secret and now this is really kind of a black eye for that. cheryl: interesting. wow, yeah, tracee was telling us about that earlier. tim, thank you very much for that. we appreciate it. >> thank you. lauren: tracee's back right now. saudi arabia's public investsment fund has reportedly cut its exposure to tesla. cheryl: tracee carrasco has that and other stories. problems with the saudis now. tracee: according to the financial times, the sovereign fund hedged most of its nearly 5% stak5% stake in tesla after e

market closed on january 17th. the fund will still hold the shares but with little exposure to the stock's movements. that's according to a report. elon musk said back in august that the public investment fund had expressed support for a $72 billion deal to take the company private. tesla is lower in premarket trading. cheryl: a lot of eyes on that report as we were talking about. snap could be weighing the unthinkable, although some people i know like this. permanent videos. tracee: snapchat which is known for disappearing photos and videos, but snap is considering changes that could make users' public posts last longer or even permanent. now, only snapchat photo and video content shared to our story would be shared to a wider audience and not just the user's friends would be affected. it would be a way to create a new source of revenue for snap.

but it could also cause a lot of backlash like the last time snap made changes to its platform. snap is down 52% from a year ago. lauren: shares are like $6. cheryl: a lot of executive departures. wh.lauren: who likes it? cheryl: you do. lauren: i don't snap. cheryl: you're not snapping anymore? lauren: i never was. free bacon, tell me more. tracee: mcdonald's is giving away free bacon today from 4:00 unti4:00 until 5:00 p.m. at participating locations nationwide. the cheesy bacon fries, the big mac bacon burger and quarter pounder baconburger are being celebrated. today you can get a free side of bacon with any purchase during the bacon hour. cheryl: you could have led with bacon hour. tracee:.tracee: forget happy h.

bacon hour. lauren: after a bruising yesterday for the markets, we're trying to stage a recovery this morning. dow is down 3 points, nasdaq down 10. coming up, tom brady asked what advice he would give his rival quarterback in the super bowl. >> what advice would you give this guy as he gets ready to take on the big, bad patriots. >> i'm not giving him any advice. [ laughter ] lauren: good answer. we'll have the latest from atlanta for you. and it is dangerously cold weather and it's slamming the midwest particularly. janice dean has the frigid forecast in just a bit. ♪ you're as cold as ice, you're willing to sacrifice our love. ♪

lauren: the coldest weather in decades is pounding millions of people and nearly 1,000 flights have already been canceled this morning. it's only 545. cheryl: this is going to be a dangerous storm. janice dean is here with the latest. you've been so great about warning people that we have to take this storm very seriously. >> not only is it bringing the coldest air of the season, maybe perhaps in decades, maybe perhaps historic, but it also is bringing snow across portions of the south. take a look at the wind chill. this is what it feels like if you're outside and you're not protected. you can't be outside with wind chills of minus 53 and minus 48.

the worst of the cold is really going to be across the northern plains and upper midwest. minneapolis, this is not wind chill. this is actual air temperature. so we could flirt with all-time record lows, historic. the other part of this is the arctic cold front that is sweeping across portions of the mississippi river valley, the gulf coast, parts of atlanta, georgia where we could get snow and ice over the next 12 to 24 hours as this front moves through and brings very dangerous weather across the south, areas that don't typically see the ice and the snow and don't quite know what to do with it. it will cripple travel potentially. winter storm advisories posted as far south as mobile, alabama, up to the northeast as well where we'll get a quick shot of snow and then the cold air to follow. a dangerous one. we'll keep you posted. lauren: just to underline it, when you're driving, the ice on the roads, they put salt down to melt it be that only works if it's 5 degrees above zero.

>> the salt is not going to work in some of these areas. cheryl: luckily, the super bowl's not in minneapolis this year. wow. lauren: fortunately for you. cheryl: the temperatures, whoa. thousands of people are flying into atlanta every day this week as we get ready to go. the patriots and rams already in town. they're talking big-time about super bowl liii. lauren: so is jared max. he's here with the latest. >> good thing they have the brine mixture they put on the roads because of the ice in atlanta, what happened years ago. last night was opening night. used to be call media day. now it's full-scale. the rams, the first to meet with thousands of members of the u.s. and international media and then the patriots got their turn, not a lot of trash talk but rather respect laid on the opponents by each side including the head coaches, bill bi belichick and shawn mcveigh. >> they're a very good team. >> nobody's done it better than

they have. that's why you have respect and aprove uniteappreciation. >> bil tom brady the main attran last night. he signed a pillow with his face on it for jimmy kimmel's reporter. ron gronkowski said he will take time after the game to decide if he'll continue to play. have you been asked if you want to buy a super bowl box for maybe $10, little super bowl bets. according to the american gaming association, americans will bet an estimated $6 billion on sunday's game. $6 billion. usa today crunched numbers and found that 94.7% of these bets illegal bets. just under 10% of bets will be made with illegal bookies. the bets you make with your friends at parties, those are not the legal kind. the league says they will act on their own time line. the nba investigating potential

tampering. might have the clydesdales but stella has the big lubowski in the super bowl commercial. >> cosmopolitan? >> no, tonight i'll have a stella artois. >> white russian? >> no, give me a stella artois. >> the big leboski known for drinking white russians. cheryl: you've got steve car ct ll and cardi b., there's going to be some good commercials. lauren: jared, thank you very much. cheryl: you heard caterpillar in the news yesterday. that drove the dow down. futures are flat as we go into another day of earnings. coming up, the death toll rising in brazil. the chief prosecutor there said

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lauren: let's get you caught up on what's happening now. futures flat this morning and we'll take it as we await earnings from four dow components to you day. brazil pursuing criminal charges against the world's largest iron ore company after the deadly collapse of one of the dams. at least 65 people killed in the collapse on friday. the number is expected to rise. nearly 300 others are missing. veil's shares plunging 25%

yesterday. brazil's government has ordered inspections of dams across the country. here at home, insurance claims from california's deadly wildfires in november topped $11.4 billion. more than $8 billion in claims came from the fire that leveled the town of paradise, killing 86 people and destroying about 15,000 homes. the series of fires are some of the most expensive in california history. nevada state regulators accusing wynn resort executives of ignoring sexual misconduct claims against steve wynn. they detailed seven allegations of misconduct by wynn that date back to 2005. he resigned from the company last february and denied all allegations. a housekeeper gets trapped in an elevator for three days in new york city. the woman claimed she got stuck on friday but the homeowners were away all weekend and didn't know anything was wrong. firefighters came to her rescue. they found her in between two floors. she was dehydrated but okay.

to be rich in new york city, have your own elevator. cheryl: every manhattan resident's worst nightmare. coming up, the knives are out again in the u.k. there are worries about a possible hard brexit as britain's parliament prepares to vote on amendments to theresa may's plan. we have a trader's perspective coming up next. ♪ look at the mess you made. ♪ oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ so they say that some day ai will transform the human race. well, today you're a little busy transforming your call center. dealing with millions of customers a year, like this one. no, i'm pretty sure i didn't order a squirrel playing a guitar. that's why you work with watson. it works with your systems to resolve calls faster and improve customer satisfaction. i detected fraud and helped reassign a new credit card.

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cheryl: eu negotiator is warning that risk of no-deal brexit is very high to theresa's may plan, craig, how likely are amendments to pass? >> it's really difficult to say at this stage because frs one we have to get past the first hurdle, the speaker actually accepting the amendments for a vote. then a case of which ones get through. we know that the support would be to prevent the no-deal brexit but which amendments would be, it's difficult to say. theresa may is backing amendment which suggests she has to go back and renegotiate related but hasn't been very lucky in recent weeks in parliament. i guess wait and see. lauren: in the meantime, mcdonalds, kfc are warning of

food shortages and higher prices if there is no deal, these are pretty big disruptions. >> extremely big disruptions because one of no-deal brexit is problems, customs checks, when you're looking at perishable foods, they have a short shelf life, these are most at risk with regards to particular, they are at risk as super markets. cheryl: a lot of eyes on that, craig, thank you very much for your coverage of all of this. >> thank you. lauren: mornings with maria starts now. maria: good morning, ladies, good morning, everyone, live from washington, tuesday january 29th, top stories right now 6:00 a.m. on the east coast, earn negotiation focus, investors watching results, several dow components, the one

to watch is am. we have everything you need to know this morning, apple under fire, facetime hit with a bug, how you can fix it? the u.s. bringing charges against huawei as trade talks to resume tomorrow morning. latest on state of negotiations with steven mnuchin this morning, 8:00 a.m. eastern, join us for that. pg&e makes it official, largest utility filed bankruptcy protection following massive wild fires, details coming up. howard schultz roasted. the billionaire hackled at event last night as he gears up toward possible independent run for the white house. we have a big show this morning coming from dc, u.s. treasury secretary steven mnuchin is here, national economic council larry kudlow along with house

minority kevin mccarthy, debby will join me, richard trumpa. we kick it off with wall street markets. take a look at futures, have turned negative once again, futures down fractionally, 1 and a half points lower on s&p and nasdaq 13 points after stocks finished lower yesterday on china growth fears along with weak guidance from invidia and caterpillar and investors react today weaker earnings and guidance. joining me right now chief market strategists, phil orlando. >> thanks for having me back, maria. maria: indications we are seeing slowdown among other issues, how do you see the markets here as more earnings come into play.