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tv   FBN AM  FOX Business  February 4, 2019 5:00am-6:00am EST

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the rhino and resistance within his own white house if they were just the hell out of there that would be also helpful. sarah carter charlie hurt thank you. that's it for us thank you for lauren: the crowd cheering as the patriots beat the rams. >>rams,setting a record for thet scoring game in super bowl history. gerri: president trump taking time before the big game to remind the american public that the fight over border wall funding is far from over. >> when you have a porous border and drugs pouring in and you have people dial all around the
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country, nancy pelosi is doing a terrible disservice to our country. lauren: big names is set to report earnings this day. alphabet is due out after the bell, also disney, snap, via come and twitter throughout the week. gerri: let's take a look at how your money is looking this morning. the stock market is in the green, the dow is up 20, the s&p up marginally, the nasdaq up 7. lauren: we got a great jobs report o on friday, the british market up about 15 points, the german market up 5. gerri: the nikkei was marginally higher. "fbn: a.m." starts right now. lauren: it's 5:01 a.m. in new york, february 4th, the day after super bowl sunday.
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i'm lauren simonetti, not sick this morning. gerri: glad to have you with us. i'm gerri willis in for cheryl casone. lauren: the new england patriots shut out the los angeles rams in the 53rd super bowl. gerri: cheryl casone is live at mercedes-benz stadium for more on tom brady's sixth super bowl win. good morning, cheryl. cheryl: oh, boy you would think he would get tired of winning, guys. i don't know. it was a game, we can say that. 13-3 the final score. but this was the first super bowl we've ever seen where there was no touchdowns scored in the first three quarters. it wasn't until the fourth quarter. the beginning, really the you day started off with gladys knight, she sang the national anthem and then the thunderbirds flu over. i was in the stadium, they were a patriotic scene for super bowl
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sunday. one of the will stars was julianne he' edelman, third cat, his third super bowl win, he was a big star of the game. let's talk about the touchdown at the ends -- in the fourth quarter, that was something that sealed the fate for the rams and gave the patriots the win. to tom brady, another super bowl win for mr. brady. his wife was in the ground, she was out there, running around. when he was interviewed, he said we could have been a little better. >> could have played better offensively, but the reality is, you get in these games, you've got to find a way to win and we played well in the end and that's what we needed. cheryl: and let's talk about the celebration afterwards. it was quite a crush on tom brady. i've never seen that before in a super bowl, ladies. the media was all over him. of course, bill belichick was on the field and bob craft, the owner of the new england patriots coming down to the field .
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it was an emotional moment to see tom brady and bob craft react like that. today, atlanta heartsfield jackson could expect to see hundreds of thousands of folks to head to the airport today. it will be a crush of security at the airport. i spoke to the mayor of atlanta last week about the day after and she talked to me about what they are expecting today. >> it's called mass exodus monday, so people can party all night long and party their way onto the tsa security line. we're asking people to be patient and just keep the memories of the great game in mind as you have to exercise your patience to get out. cheryl: so again, about 100,000 at least are going to be going through tsa security lines at super bowl monday mass exodus monday. i myself will be trying to get
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out of here later today. it is a scene every monday after and real quick, i want to adhere, it's a good idea if you're leaving atlanta today, don't try the to take your super bowl program through the metal detectors. we're getting reports they're setting the detectors off at the airport. and the program is pretty thick. i meant to bring you one back, lauren. i actually forgot it. i'm so sorry. looks like i couldn't have brought it home to you anyway back in new york city, my darling. lauren: you get a free pass. cheryl: it was a game. we'll leave it there. gerri: great stuff. lauren: thank you very much. gerri: president trump speaking about the nfl in a super bowl sunday interview with cbs' face the nation. >> i said to canada, look, we have a great american company known as the nfl and they were hurt and treated unfairly, the nfl, by canada for a long time. i said to prime minister tru
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trudeau, i hope you can settle the difference immediately and fast and they did. i did the nfl a favor as a great american company and they appreciated. roger goodell called me and he thanked me. and i appreciated that. but they haven't been kneeling and they have been respecting the flag and their rating ratine been terrific ever since and a lot of good things happened. gerri: in that interview the president also said he would have a hard time allowing his 12-year-old son to play football because of growing safety concerns. lauren: the minneapolis -- neil kaskkari said in a town hall, i think we have room to run in the u.s. economy. the u.s. economy is fundamentally healthy. his comments came after the fed chair, jay powell, his u-turn last week basically saying the central bank is going to be patient on further interest rate
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increases. let's bring in hank smith, the chief investment officer at haberford trust. he joins us now. >> good morning, hank. >> good morning, lauren. lauren: as as i do my better interpretation of -- interpretation, i believe he said the economy's in a sweet spot, right? >> absolutely. and when you think about what happened in the fourth quarter last year, seems so self-induced. a fed that made comments that were so out of line with market expectations, creating so much uncertainty, that was the beginning of the sell-off and then you throw in the uncertainty of tariffs. now the fed's walking that back and the most consensus viewpoint that has been prevalent for the past year is that we are late cycle and i think former governor kashkari is indicating
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maybe we aren't late say keel. maybe we are in terms of baseball terminology the fifth or sixth inning, not the ninth inning. lauren: so still room to run. what do you make of the whole idea -- i guess is why the fed said they're data dependent. but the data is sending mixed messages and mixed signals. on one hand, have you a blowout january jobs report, 304,000 jobs created and then you see the housing data and the manufacturing data. what does the fed do with all that? >> let's take housing for a moment. this entire recovery for the past nine years with respect to housing has been about two steps forward, one step back. in the past year, we've been in a one step back. a lot of the soft data, in other words, the surveys of ceo confidence, small business confidence, consumer confidence, had been impacted by the uncertainty regarding trade
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tariffs, the china trade negotiations, and then also fed uncertainty. i think as you take this back a little bit, you're going to see confidence pick back up most importantly, you're going to see business investment resume and that will be another prope propt for the economy. lauren: thank for being on. >> still celebrating last year's super bowl, being from philadelphia. lauren: thank you. gerri: 4,000 workers meanwhile at general motors are expected to get their layoff notice this morning. lauren: oh, boy. hillary vaughn joins us with more on that story. good morning, hillary. >> reporter: good morning, gerri and lauren. not a great monday to wake up to for many gm workers. according to reports, this is the first of many rounds of
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layoffs, gm plans to cut as many as 14,000 jobs this year and they plan to bring five manufacturing plants offline as they try to trim operating costs by $6 billion in the next two years. they're going to put that money towards electric and self-driving car technology. gm is reporting earnings this week. gerri: the expectations are not very upbeat, i have to say. there was chaos in the mcdonald's friday night all because of onions. lauren: here's what happened. >> reporter: leslie mcdonald ordered a big mac on a friday night. he ordered it without onions many when the order arrived his big mac came with onions. that sparked a big fight. he tried to wrestle the manager in protest. when the police arrived, they showed up to take him away. they grabbed one of their legs. he recently pled guilty to drunk
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and disorderly for the incident in court. he said he had just left his company holiday party and had six beers before he placed his late night food order. lauren: i guess that's his excuse. gerri: i still wouldn't be fighting for a big mac. lauren: t-mobile did what to advertise free lyft rides? >> reporter: this is interesting. they used a viral meme that you've probably seen on instagram or twitter at some point to give away free lyft rides to their customers for the month of february. the super bowl announcement used this viral meme to advertise the give as-away. it shows a message that says i'm here for you and the person says thanks, i'm going through a lot, and it's the driver who is r
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herhereto pick you up. the original tweet went viral. lauren: that requires a lot of brain power for a monday to understand that. hillary vaughn, thank you very much. gerri: with the dow up six straight weeks, let's look at how futures doing monday morning. the dow is up 28, the s&p 500 up 3, the nasdaq up 8. still ahead a fiery plane crash leaving five dead and two injured in california. we're going to have the latest on that story coming up. and president trump calling out house speaker nancy pelosi ahead of the deadline to find a compromise on border funding. is another shutdown on the horizon? you're watching "fbn: a.m.." ♪ one less problem without you.
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gerri: welcome back. checking u.s. futures, they're all in the green. the dow up 19 points, the s&p barely positive, the nasdaq up 5. meanwhile, some tragic news. five people have been killed and two others hospitalized after a plane crashed into a california home. witnesses say the plane burst into flames as it plummeted into the house. four people inside the home were killed along with pilot. and an ohio sheriff's deputy was killed, another injured during a standoff early sunday morning. the deputy, bill brewer, was a 20 year veteran of the claremont county sheriff's office. a 23-year-old suspect was taken into custody. more democrats are calling on virginia governor ralph northam to resign after a racist photo on his yearbook page surfaced. northam resisted calls for his resignation, saying on saturday
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he doesn't think he was one of the people in the photo, despite him saying he was one of the people on friday. lauren: above normal temperatures across much of the country after last week's extreme cold. i put on all of my winter gear yesterday morning. janice warned me about this. gerri: you always have to listen to janice. lauren: i do listen, i swear. gerri: meteorologist janice dean is live with us now. >> i'll have to send you bulletins for the weekend on what to wear. i'm glad to do that. so this is good news, a lot milder air moving into the northeast and the great lakes. we've got another shot of cold air moving into the northern plains. this will not be the polar vortex that we saw last week but it will certainly bring back some wintertime temperatures. also want to make mention that we have an active west coast with heavy rain and mountain snow and the potential for more mud slides, rock slides and
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flash flooding, unfortunately, over the next couple days, heavy snow across the sierra, into the uppeupupper midwest. we have winter storm advisories for many states, including minneapolis and the western great lakes. for today, enjoy the mild temperatures across the east coast. we have a bit of shower activity over the great lakes and then things will remain active over the west coast. but again, just to show you how awesome it is, tuesday's my, 59. last week we were at 2 here in new york city. so lauren, just a reminder, you can wear springwear this week and over the weekend you have to transition into winterwear. lauren: doesn't mean i'll remember, but thank you very much. gerri: thank you, janice. lauren: coming up, battle over border funding, president trump saying table is set for the
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january 15th -- february 15th border debate deadline. does the united states face another shutdown? and to quote james freeman, we'll take another shutdown, it was great for the market. i don't know. we'll see. google parent alphabet, set to report their earnings today after the bell. we'll take a look at whether privacy concerns could spell doom for the tech giant. you're watching "fbn: a.m.." ♪ i can't tell you who i am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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.
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"activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. gerri: congress up against a february 15th deadline to reach a deal on government funding and president trump not ruling out another shutdown if there isn't money to build his border wall. >> it's that alternative. it's national emergency.
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it's other things. and there have been plenty of national emergencies called. and we're going to have a strong border. the only way you have a strong border is you need a physical barrier, you need a wall. and anybody that says you don't, they're just playing games. gerri: could we be looking at another shutdown? let's bring in an ders hagstrom. a reporter for the daily caller. president trump calling nancy pelosi bad for the country, that she doesn't mind human trafficking. what is the path to a deal? how do we get deal when the president is insulting the house leader? >> yeah, it's difficult. donald trump is asking himself two questions right now and i think that is does this exploratory committee, the bipartisan committee that's supposed to talk about -- deliberate about wall funding, is it likely to go anywhere? i think the answer is pretty likely no. nancy pelosi says there's no reality under which democrats allow any sort of wall funding
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to go through. that's the sort of person that president trump is trying to deliberate with right now. that's just not going to work. gerri: doesn't even want to talk, absolutely. let's go on to impacts for a second here. we know that this first shutdown cost the economy about $11 billion. some of that gets made up later, obviously. but do you think that we will face in fact another shutdown? how likely is it at this point? >> i think it's fairly likely. but like i said, the second question that trump is asking himself right now is what has changed since the end of the last shutdown and what can change by february 15th. because the last shutdown didn't go very well for republicans. democrats were able to pretty easily blame it on republicans, at least in the court of public opinion, and that's why donald trump didn't get exactly what he wanted out of it. he didn't get that funding. you even saw some republicans defecting against president trump toward the end of the last shutdown, even lindsey dwram.
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angraham.we haven't seen him got the president since before the kavanaugh hearings. gerri: that's a great point. there's a poll out today that shows two-thirds of americans oppose declaring a national emergency over a wall. the president is fighting a tough fight here. we'll hear from him in detail for the state of the union. i have in my mind, nancy pelosi sitting over his shoulder, making faces through the whole thing. what is that going to be like? and what does the president need to deliver in that speech? >> nancy pelosi obviously made the state of the union the centerpiece of the original shutdown. she essentially held it hostage against the president. so i think it's a very clear jumping off point for the president to make his case for a possible second shutdown. i think people can expect him to say this is the future, if the democrats don't work with me on this, maybe i will do a shutdown
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and this is how it's going to go differently, this is why it's going to go differently. this is the best area for him to speak to the american people about this issue and how he sees it. gerri: he is persuasive. thank you so much. lauren: let's take a check of futures. building on the gains that we saw last week, dow up just 18 points but still has a green arrow, nasdaq new chur futures s morning. coming up, two more companies recalling chicken products. what you need to know. and from game of thrones to robot kids. >> you can be anything. >> i want people to get their best possible refund. lauren: we've got the best and the worst ads from super bowl liii. they were interesting. a different theme this year. gerri: you watched the super bowl last night? >> lauren: i did watch some of the
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commercials. [ laughter ] gerri: you're watching "fbn: a.m.." ♪ what you going to do? ♪ i'm in love with you. ♪ my mind off it all. maybe you could relieve some stress by calling geico for help with our homeowners insurance. geico helps with homeowners insurance? they sure do. and they could save us a bundle of money too. i'm calling geico right now. cell phone? it's ringing. get to know geico and see how much you could save on homeowners and condo insurance. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth.
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gerri: it's another earnings week. let's take a look at how your money is looking this morning. all the indexes higher here, the dow up 16, the s&p up 1, the nasdaq up 4. in europe we're seeing markets looking mixed there. the ftse up, the cac 40 and the dax down. in asia, markets mostly he closeclosedovernight. lauren: there are complaints that google is breaking privacy laws, raising the prospect of another huge fine for the company. last month, french authorities slapped google with a record penalty for violating their privacy rules. google's parents alphabet reports earnings after the close today. could the laws and fines affect the bottom line. we bring in matthew from the project on emerging technologies
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to discuss. thank you for joining me this morning. >> thank you for having me. lauren: not violating privacy is a worldwide theme. do you think those issues will affect the company in a meaningful way? >> i think privacy concerns have been a constant theme throughout the last couple of years when it comes to big companies like alphabet, apple, facebook, and other big tech companies. but i think ultimately these sort of concerns won't necessarily affect the bottom line. these are still ver very popular companies, producing popular products. these fines, while they might sound like a lot to many people, to these big companies they're actually pennies in the bucket. lauren: are there any probes in their infan you sigh. we were talk -- infancy. we were talking about privacy, but maybe something with intellectual property or google working on the chinese searchenh
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engine. >> you have concerns about the chinese work that google is doing, you have concerns about location tracking, as well as a google plus bug. in the last couple days you heard about the upset between apl pell, facebook and google when it comes to internal apps. these kind of concerns i think might prompt lawmakers on the hill to push for legislation. you've seen a number of senators especially coming up with proposals that would be of concern to big tech companies. but ultimately i think these companies could probably survive whatever kind of regulation senators on the hill propose. the real concern has to be what impact these privacy regulations would have on competitors that aren't nearly as big and can't afford nearly as many lawyers. lauren: that's a good point. speaking of will this, will this not have an effect on alphabet's bottom line, let's show viewers the estimates here for when they do report. epp. . . 010 -- revenueof $38.9.
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sometimes go google doesn't brek out individual segments and the revenue from those segments. have any gotten to big that it might b be worthwhile for the company to highlight them. i'm thinking of waymo, for instance. >> google is part of the larger company, alphabet which is involved in all kinds of things, waymo, driverless cars, urban innovation and other projects. it will be interesting to see what investors are looking at. it would be a mistake to think of alphabet as just google. it's certainly the largest part of it. there's a lot more going on at alphabet than just google. lauren: which sectors are you keying into particularly? >> i think it's going to be interesting to see how the driverless car market proceeds in the next couple years. alphabet's certainly very involved in that. but there's also a lot to be done on the more traditional side, actually. i think that the advertising market is still very interesting
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and alphabet is certainly not getting out of that any time soon. lauren: matthew, thank you very much. >> thanks for having me. gerri: two more major chicken product recalls. lauren: hillary vaughn joins us with that story and more. good morning, hillary. >> pilgrims pride is recalling over 58,000 pounds of uncooked breaded chicken due to possible rubber contamination. it affects frozen, uncooked, breaded chicken, shipped to publix stores in florida and other locations. there are also chicken items that contain a known allergen. it affects items that were mislabeled as chili rejeno products. gerri: more on this story, don't eat prepared food. meanwhile, walmart employees can get paid time off.
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good news. >> walmart employees have been earning up to 48 hours of paid time off they can use when they're sick or need to skip work for personal reasons. employees will also get an additional 2 a 5% on their quarterly bonuses if they have spotless attendances. absences covered by the paid time off don't count against them when calculating the extra bonus. the new policy started this weekend. it's for all walmart stores and supply chains in the u.s. lauren: let's stick with the good news. we're talking about good news for chocolate, hershey's kisses in particular. >> their tips are getting fixed. the broken hershey's kisses tips caused an outrage and scandal in the baking community over the holiday season. when you opened up the hershey's kiss, the tip was brok broken o. amateur and professional bakers struggled to find the perfect kiss to top their creation. now perfect kisses will be rolling out soon.
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the company said you should see them on store shelves in the next few months. but i'm thinking, come on, her i have's, you can't get -- hershey's, you can't get them out before valentine's day. gerri: do you ever make the cookies with the kiss on top? >> i have. gerri: they need to be pristine. lauren: this is the biggest problem we face today. hillary, thank you very much. gerri: the toys are back. >> help me get out of here. >> i'll help you. >> with my foot. >> how you like that? to infinity and my foot. boom. gerri: chery cherylchery.gerrt coming up. you're watching "fbn: a.m." ♪ you've got a friend in me. ♪ you've got a friend in me.
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gerri: while tom brady once again put on a show at super bowl liii, maroon 5, not so impressive. lauren: everybody was talking about this this morning. let's go to cheryl casone in atlanta. we want to know about the half time show and also the
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commercials. cheryl: the half time show, the reviews are out. i would say one thing, it was apolitical. that was nice for fans to see. do we need more politics on the football field? maroon 5, they've been getting g criticism for a lot of things of you have to admit, they put on a heck of a show. watch. ♪ is there anyone out there? ♪ atlanta! cheryl: it was pretty loud in there, guys. i loved the fireworks portion. he had big boy on stage, travis scott. there were rumors surrounding cardi b. she was performing with bruno mars on saturday. a lot of people were wondering if she was going to join the super bowl half time show. she didn't. there was concern about travis scott that i was told by some
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corporate folks that he was going to kneel during the half time show. he did not. there was a sponge bob moment. sponge bob of course made an appearance in the half time show. we talked about this last week and then of course travis scott hit the stage. i thought that was fun. cardi b was on with pepsi and that ad she did for pepsi getting a lot of buzz. let's play a clip. >> i'll take a coke. >> is pepsi okay? ♪ i like it like that. >> okay. what have we learned today. >> >> you want a pepsi. >> i want a pepsi. >> she wants a pe pepsi. cheryl: remember, we're in atlanta, everybody. that's where coca-cola is based. there's billboards all over town, saying guess who's in town. that's been fun to see the
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rivalry. let's talk about the commercials. toy story 4, a lot of buzz about the new film coming out from peckpixar. a lot of buzz about that commercial, to the positive side. and then the game of thrones commercial from bud light getting a lot of buzz on social media. there were ads that fell flat. let's talk about turbo tax. i don't know if you saw it. it was a creepy robot kid, and a lot of folks are saying that didn't really work. again, that's all the social media reaction. the commercials, they are expensive. average cost for a 30 second commercial during a super bowl, $5.25 million. that goes up every year. and then the economic impact to the city of atlanta i think is significant. the stadium behind me, which i will say is beautiful, built in 2017, the economic impact, $700 million it costs taxpayers for the stadium, another
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$28 million. corporate sponsors balance that out. we talked about that last week back in new york. maybe the half time show is the best part of the game at this point. i don't know what you think. that was my take. gerri: that's a great point. i have a he question about the ads. remember a couple years ago they were so mean-spirited and nasty. was there a negative reaction to that? these seem kind of sweet, i've got to say. cheryl: i think the advertising communcommunity decided to playt safe. that's the feedback we're hearing about the half time show as well. remember people that were approached about doing the half time show, pink, rihanna, jay jo turned down the half time show. i think advertisers are trying to stay out of politics and so is the nfl. gerri: cheryl, thank you for that. lauren: thanks, cheryl. let's take a look at futures, up six weeks in a row, the dow jones industrial average up 38,
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similar increases for the s&p and nasdaq. we're about half you waway throh earnings season. a lot of big names left to report, from general motors to twitter. we'll see which ones will be hot or not. and united states oil sanctions are hitting venezuelan march cessments imarkets.it might impe u.s. we're vulnerable in one key way. we'll discuss when we return. ♪ the wintertime, sure getting cold. ♪ well, my hands are shaking and my knees are weak.
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lauren: happy monday. let's get you caught up on what's happening now. the futures look like the super bowl yesterday. basically a bit of a traffic jam. we're not goin going anywhere.
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more earnings on tap this year. google after the bell today. a veteran border patrol agent has been killed in the line of duty. she was hit by a passing car by a texas state trooper. it's unclear if charges will be filed. and the pentagon is deploying nearly 4,000 more active duty troops to the mexico border, roughly 2400 active duty forces are there already. the additional troops will put up another 150 miles of barbed wire and provide other support for customs and border patrol. the first active duty troops were sent to the border around october 30th for a mission that was to end in december. it was extended twice. gerri: it's another big week for earnings this week. viacom, alphabet, twitter, can the fire that the federal reserve lit under fires, can it continue? let's bring in jason barsima
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from halo investing. thanks for being with us. >> good morning. gerri: let's start with media company. what is thoughts about media companies? >> when you're looking at media companies, i'm focused more on disney and kind of the incoming incoming-upcoming launch o of disney plus. i think disney is a strong company. i don't see disney plus posing extreme threat to amazon and netflix. gerri: i guess we'll get more details when disney comes out on tuesday. gm is coming out on wednesday. this is going to be a fascinating report because the company taking its layoffs to 14,000 folks today. what do you expect in the earnings report? >> yeah, i think gm and google are two of the stocks to watch this week. i think gm's going to be really interesting, obviously, because it tells so much about the
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consumer, not just at home but abroad. gm's earnings are expected obviously to get smoked in china. but they're actually not going to be as worse as some of their competitors and interestingly enough, sales of cadillacs should be doing pretty well in china. which i think also gives kind of a glimpse into the chinese consumer at the upper end, don't be so scared about the chinese consumer, especially going to chinese new year. we should also talk a little about google. i think that google looking at the cloud space is something that's going to be really interesting, given what happened to amazon, microsoft and intel. look at for google's cloud to expand quite aggressively and also the other services, such as waymo and some of the other off -- i should say other services on the balance sheet should help drive earnings. gerri: you know, that's going to be a fascinating report and difficult to follow because of the way in which they report results of some of their businesses, it can be a little
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obtuse. i want to get to the broader markets here. look, 61% of the companies that have reported so far have over-reported revenues. that means 39% have not and that is not a good track record. as we go forward, do you expect especially those forward-looking statements to be more and more negative as we see . eps estims ratcheted down for the first quarter. >> when you look at eps, the bottom line numbers have been pretty good, top line hasn't been great. what people haven't been talking about is top line has been pretty good in europe, maybe because of dampened expectations. look tining at home in the unitd states, i think this will be a tough year for earnings and forward guidance. we're late in the cycle and that's okay. i think the market hasn't priced that in. gerri: we were showing numbers about the inned credible performance in the markets last week.
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what's going to propel it this week and this month? december, january, we really went from worse to first. can we maintain the momentum in the marketplace? can stocks continue to go higher? >> you're going to see the fluctuation that we've seen in december and january. it's literally been a roller coaster. for the month of february, obviously earnings are going to play a big role. some of the macro events on the table such as what's going to happen with the shutdown, what's going to happen with brexit and most importantly, what's going to happen with chines chinese/u. trade talks, that's going to drive marketer performance not only in the united states but hugely in europe. that's what investors can focus on. gerri: i guess you only get the nice words from the fed once in a quarter, right? jason, thank you for that. great talking to you. >> thanks for having me. lauren: coming up, why u.s. sanctions on venezuela could pit you in the pocketbook, when we return.
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>> global benchmark, hit 2019 high following the opec-led production cuts, let's bring in james -- jane foley, jane, why are refineries so vulnerable right now and that makes consumers vulnerable as well? >> it does, this is because the u.s. refiners are in mix of different types of qualities of crude, u.s. producer produce weak crude and the refiners need crude as well, this comes from venezuela over to méxico, canada, canada has issues now
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and méxico has production issues now, partly because this is to keep price relatively high. they need budget revenues to go through with reform. it's not sure whether saudis will step on the gas. >> prices moving higher today, switching gears, prime minister theresa may to reopen brexit talks, how many times can she do this? >> well, this is the question and the answer has to be not that many because the uk is on schedule to leave the eu in march the 29th, 53 or so days to go. she hasn't got that much time. she says she has mandate from british mp's to negotiate. i know this is related to irish border agreement but the europeans are saying, no, this is part of the plan, it's not
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open for negotiations, we have to see who gives away first during the course of next few days. >> you know we had job's report and we saw blow-out number 340,000 jobs, that's a handover, if you will, to european markets, i'm not sure that they are taking it too well, though. >> it is a good number, you to remember there's lots of headwinds, the trade associations going on with u.s. and china and europeans are quite worried about that too and, of course, political issues, the tension coming up in europe with european parliamentary elections, don't forget we have -- lots of headwinds to german economy too. plenty for the market to really worry about still. >> plenty for the markets to worry about but our economy continues great guns here. can the u.s. help the rest of the world pull out of this malaise?
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>> it will do and certainly the u.s. is the world's largest economy, if the u.s. is going well, it is extremely helpful. if you consider the trade war aspect, it's mainly that. >> jane, thank you for being with us today. lauren: mornings with maria starts right now. maria: good morning, ladies, happy monday, happy super bowl monday, monday february 4th, top stories right now before 6:00 a.m. on the east coast, another big week for earnings, we are all over it, alphabet, stock to watch today. later this week we will hear from disney, chipotle and snap, we have everything you need to know about fourth quarter earnings and how they are impacting market. mark zuckerberg, facebook posting message this morning revealing what its doing to tackle privacy and transparency issues, border wall funding battle continues, we are over a week away from another government shutdown potentially, what to expect from president
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trump's state of the union address tomorrow as more troops and caravans are heading to the border. super bowl for the record books, the patriots beating the rams for sixth championship victory. the moments that are going viral this morning right here. plus why tom brady new instagram video is raising eyebrows this morning, mornings with maria begins right now. ♪ ♪ maria: markets this morning we are set to open higher today on wall street as fractional move upwards are taking place as dow and s&p 50 look to build on best january gains in 3

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