tv FBN AM FOX Business February 5, 2019 5:00am-6:00am EST
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border. tomorrow in the state of the union the president will call for an end to he certainly will address the border wall, but also national security and border security, immigration overall. >> the president will certainly takee about the historic success he has had over the last two years, tax cuts, the economy. lauren: we are hours away from president trump's state of the union address as another government shutdown looms. will president trump declare a national emergency to get his wall and can his economic accomplishments unite a divided congress. gerri: alphabet beating estimates, and what can we expect from disney and snap when they report quarterly earnings.
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lauren: the super bowl champs touch down back in new england for today's victory parade. one thing they won't be celebrating? the ratings. is it no longerrer the most television event of the year. gerri: let's take a look at how your money is looking this morning. the stock market is poised to open higher today. the nasdaq is up 7. rick7.lauren: stocks are up acs the board in europe, the ftse gaining 1.1%. gerri: hong kong, china and korean markets are closed for a holiday. the nikkei is looking a little negative here. "fbn: a.m." starts right now. lauren: it 5:01 a.m. in new york. it is tuesday, february 5th.
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i'm lauren simonetti. gerri: i'm gerri willis in for cheryl casone. lauren: president trump will finally make his long awaited state of the union address. he's expected to call for an end to he resistance politics. gerri: some democrats already pushing back. ed lawrence has the latest from washington. >> reporter: good morning, lauren and gerri. the president putting the final tweaks on the state of the union address to be given later today which he says will have a message of unity in it. the white house released an excerpted saying we can build new coalitions forge new solutions and unlock the extraordinary promise of america's future. the decision is ours to make. he will address or make this address standing in front of nancy pelosi, the house speaker. republicans and democrats remain deeply divided over border security. republicans see a humanitarian crisicrisis brewing at the bord. the president says it could rise to the level of a national
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emergency. he and his advisors say any border funding should have a border wall built into it. >> he believes we have a crisis on the southern border and congress has failed to do its job, this congress, last congress, for quite a while, to make sure we have what we need at the southern border. >> reporter: democrats saying any border funding should not include any money for a border wall specifically. the president has not ruled out another government shutdown on february 15th or declaring a national emergency. gerri: 13 special guests will join president trump and the first lady tonight, including a 11-year-old, joshua trump, who said he has been bullied in school because of his name. lou dobbs will kick off our coverage tonight. trish regan will have a special edition of trish regan prime time. join us back here on "fbn: a.m." at 5*eu a.m. easter-- 5:00 a.m.r
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all of the state of the union highlights. lauren: senate democrats are trying to stop the president from using the military and emergency funds to build the border wall. a group of democratic lawmakers introduced a bill that would prevent president trump to use money that has been allocated to disaster relief and military construction fo projects for the wall. reports say even majority leader mitch mcconnell advised the president not to he declare a national emergency over the border. gerri: we could be headed there for sure. federal reserve chairman jay powell and the vice chair joined the president and treasury secretary steven mnuchin joined the president for dinner last night. this is the first time the president and the fed chair have met since he was chosen for the role. he powelpowell did say money p -
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monetary policy. further interest rate hikes are on hold for now. lauren: alphabet, the parent of google, posting better than expected quarterly results. the stock is down about 3% right now in the premarket on concerns of rising costs. spending on research and development at google up 40% to a record $6 billion and the cost for click, that's the average price of digital ads, google's main source of revenue, that plunged 29% from a year ago. >> this is what you would expect to see if they couldn't squeeze your data as much as they want because you wouldn't pay as much for a click-over ad because it's not as targeted. lauren: john meyer, the managing partner at transpire ventures joins us now. what do you make of that, john? >> to be honest, it's exactly what i expected. i went into google's earnings yesterday really expecting to
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hear something fairly decent, focused on ad revenue, focused on the penetration of android os. but the one item that i think i'm most excited about, ironicky, is what many on wall street over the last 12 hours are concerned about and that's their cap ex. their capital expenditure. i'm very happy to see the amount of money go google's putting ino longer term bets, including waymo. >> lauren: are you satisfied with the transparency with where the money is going and how the other divisions are doing? >> i'm not too concerned about it. i think based on what we know google is working on, the vast majority of, cap ex is going to mawaymo. they see how large the target market is with wa waymo.
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they will tackle the car industry. they're betting on a future where americans don't own cars anymore and we push a button and a car with no driver shows up for pennies on the dollar and takes you anywhere. i think google through waymo is going to dominate transportation with this experimental company, quote, unquote, they've been running for almost 10 years. lauren: you're confident they're spending for the future and that bet might pay off. the core business, advertising business, that's seeing increasing competition from amazon. >> correct. and probably to your point as well, facebook. and what google is doing really well is taking advantage of their position, investing some of their capital into areas of the business that are not tied to advertising. facebook really just can't do this and i think ultimately google and amazon are in this boat where they have the ability
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because of the nature of their company to take some of their reserves, invest in areas that don't have to do with advertising because as we see with where public opinion is slowly changing, the public is becoming more and more concerned about companies who have the business model that is based on selling really your data to other companies for the purpose of advertising. i think google is taking a step really away from that with some of their cap ex that we've seen over the last 24 hours. lauren: what are investors concerned about now if the stock is down 2.9% in the premarket? >> great question. i think, again, ironically what i think they are concerned about is the larger than expected capital expenditure that we've seen and obviously with no real sight on a return. yet again, if you're a more average day to let's say week to monthly wall street trader, the thing you want to look at if you dive in a bit more deep, and to
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be honest i'm extremely bullish on google even with the news from yesterday, is you want to take a look at where we are in the life cycle of these bets, these longer term bets that google's working on, starting with waymo, look at their self driving app based service they launch. ed in he phoenix and realize what's going to happen when they roll that out across america. lauren: john meyer, bullish on the future of alphabet and the self driving car industry. gerri: the senate breaking with president trump on his plan to withdraw troops from syria and afghanistan. lawmakers across party lines voted on an amendment in favor of keeping u.s. forces in both countries. mitch mcconnell sponsored the largely symbolic measure saying isis and al-qaida militants should still be considered a threat. reports emerged president trump would be removing half of the 114,000 u.s. forces stationed in
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afghanistan. lauren: president trump's inaugural committee says it will comply with the subpoena from federal prosecutors. according to the wall street journal, the feds are requesting documents related to spending and donations as well as information about benefits donors received for making contributions. prosecutors want documents related to donations made by foreign nationals. they raised $107 million leading up to the 2017 inauguration. once again, going back to the campaign. gerri: that's right. okay. new data suggests that residents of high tax states are increasingly moving to florida after last year's tax law capped deductions. real estate firm zillow says home values in lower tax areas have been rising faster than other regions. surprise, surprise. one of the biggest wi biggest ws been miami. they are coming from new york,
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new jersey and illinois where the taxes are sky high. lauren: youtube is under fire for potentially recommending graphic content to minors. gerri: hillary vaughn joins us with more on that. good morning, hillary. >> good morning, lauren and gerri. youtube is in a bit of trouble after its platform's algorithm recommended videos that had graphic images of self harm to young users, some as young as 13 years old. the platform made steps to ban videos showing self harm or suicide but reports show that dozens of videos with this graphic content are still on the site. british authorities are threatening to ban youtube if they can't get a handle on this issue and protect underage users from coming into contact with this graphic content. gerri: you thought the privacy issues were bad. the corn industry coming for bud light. >> yeah, bud light's super bowl comitial blastespecial blasted r
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using corn syrup to brew their beer. they picked a bigger fight with the corn industry in the process. >> that's not ours. we don't brew bud light with corn syrup. >> miller light uses corn r syr. >> the national corn grower's association tweeted in response that america's corn farmers were disappointed in bud light over the ad so anheuser-busch says they e-mailed the group to make it right and agreed to meet with the farmers and the farmers say they're willing to hear them out. the ads also promoted -- prompted reaction from miller coors' ceo who says the super bowl spot proves that bud light is scared of their competition. lauren: speaking of competition at the big game, how did ratings measure up to that of previous super bowls? >> it was the lowest scoring super bowl ever and the ratings for the game were low too. they hit an 11-year low for the
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super bowl viewership. cbs says total viewership hit 100.7 million views. live streaming coverage hit a record, up 20% from the year before, 7.5 million devices streamed the game online, setting its own record. lauren: that's interesting. i wonder if viewership dwindled because it was such a smew a sn. let's take a look futures, dow's up 70 points, nasdaq futures gaining 15 this morning. some football fans already dreaming about a super bowl without tom brady and the patriots. but they may not like the early predictions for 2020. gerri: no host, no problem, how the oscars are gearing up for something it hasn't done in over 30 years. you're watching "fbn: a.m.."
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gerri: welcome back to "fbn: a.m.." lets' get you caught up on what's happening. u.s. futures in the green, the dow up 69, the s&p up 4, the nasdaq up 13. a u.s. envoy will head to pyongyang tomorrow to prepare for a second summit between president trump and kim jong un. president trump said recently the meeting was set but didn't offer details. he met with kim last june in singapore where they agreed on the goal of a nuclear-free korean peninsula. president trump will nominate david malpass to run the world bank. the world bank's board of executive directors will make the final decision on its next president. meanwhile, ceos from seven drug
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companies have been asked to testify before a bipartisan senate panel this month. the series of hearings come as lawmakers consider drafting bipartisan legislation to combat high drug prices. will the ceos come? they were invited to testify at a hearing last week but they refused. ruth bader ginsburg made her first public appearance since undergoing lung cancer surgery. she attended her daughter in law's concert dedicated to to ginsburg's public service. the oscars will officia officiae hostless this year. a number of celebrities will present throughout the night. hkevin hart stepped down after old home h homophobic tweets wee
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posted online. lauren: i think a lot of people are not wanting to do the job. fans of the new england patriots are ready to celebrate the team's sixth super bowl win. wait until they hear how the pats are expected to do next year. gerri: good news. rams fans won't have southern california's blue skies and sunshine to comfort them. janice dean will give us the latest storm slamming the region. you're watching "fbn: a.m." ♪ you sound like stormy weather. ♪ on my window sill. ♪ the latest innovation from xfinity
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today. the duck boats will carry the team in the parade. over 1 million fans are expected to attend. the patriots beat the rams 13-3 sunday night. some patriots players have already said no to that traditional white house visit. gerri: i say keep the party rolling. william hill releasing the latest odds to win the super bowl. the patriots are at the top, as well as the rams, saints and chiefs, have 7-1 odds, the same teams that participated in last month's championship games. lauren: looks like the pats will have nice weather for the boston parade today. unnoterly, it's a -- unfortunately it's a different story out west. gerri: janice dean is live in the weather center with the forecast. janice: a very warm parade temperatures, 43 already in boston. this is not going to last. but it is a little taste of what's to come in the next
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couple of months in terms of springtime temperatures. so 44 in raleigh. we do have that colder air, though, moving across the northern plains, the upper midwest, across the ohio valley. a weak system brings light rain showers across the northeast. don't think it's going to affect the parade. and as the ladies mentioned, we do have the potential for more heavy rain and mountain snow for california, in towards the inner mountain west and the rockies, so system after system moving into the west. we also have the potential for several inches of snow and blizzard -- not blizzard conditions but we could see blowing snow and whiteout conditions across the upper midwest as the next system moves towards the north and east. it will be mainly a rain event across the ohio river valley, parts of the mid atlantic. i will point out we could see a mixture of rain or freezing rain, frain, i've come up with something brand-new, frain, as
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we head into wednesday. i wasn't even celebrating that hard on super bowl weekend. making up new words. gerri: i think it's smart. i'm going to start using fain. janice: there's snizzle as well, snow and drizzle. lauren: the s&p 500, futures are up by 3.5 points, up five days in a row. yesterday tech, microsoft, apple, powered the dow, it gained 175. it's up another 62 this morning. we'll see if alphabet earnings change things. president trump is preparing to deliver the state of the union tonight. is he going to declare a national emergency. gerri: the governor of virginia considers his future after a racist photo emerges. the man who could replace him is facing his own allegations. you're watching "fbn: a.m." ♪ makes me that much wiser. ♪ thanks for making me --
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gerri: a good day for your money, stocks keeping the winter rally arrive. the dow, s&p and nasdaq at the highest levels since december 3rd. this morning, u.s. futures all higher and when you look at european markets, they're all higher as well, the ftse up, the dax up as well and in asia only the japanese market, the nikkei is open and it's just marginally lower here. lauren: president trump is expected to call for unity in his state of the union address to the nation tonight as the fight over the border wall funding reaches the tipping point. let's bring in washington examiner commentary writer tiana lowe to discuss everything. we have an excerpt from the speech. it says together we can bridge old divisions, heal old wounds, build new coalitions, it goes on and when asked if you can have such a unifying optimistic tone,
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while also potentially declaring a national emergency at the southern border, kellyanne con way said this. >> the national emergency if he were in fact to execute on that is because he believes that we have a crisis on the southern border and the congress has failed to do its job. this congress, last congress, and for quite a while. lauren: can you be unifying while also declaring a national emergency and do you expect the president to do so tonight? >> i sincerely hope that he does not for two reasons. first is the obvious issue of the precedent that it sets if a democratic president comes into office after trump declares a national emergency for something that is not inherently an emergency. more importantly, is the idea that then it is abdi kateing congress of its responsibility to legislate and enforce
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existing law. the $5.7 billion that trump wants for the wall is dhs backed funding. this is a common sense plan. if democrats refuse to give it to him, he needs make it clear that they're the ones being unreasonable, not him. and not declaring a national emergency. lauren: have the democrats become an uncommo unpartly unco, whether you look at the scandal in virginia with governor northam or the southern border, they're not caving on anything. their message is one of opposition, no toll lens. >> they said they're going to obstruct trump's desire to achieve some semblance of security along southern border. even if you look in their own party, 18% of democrats support third trimester abortion and yet they are proudly backing these laws in new york and virginia in
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which this is not a debate about a clump of cells or a debate about a woman's body, this is a debate about viable human fetuses. lauren: getting back to the border wall and this is where we bring in the mood of the democrat as well. this is from 1996. '96. it sounds like president trump wrote it today. this fridays the democratic party platform then. we cannot tolerate illegal immigration and we must stop it. the border was under-patrolled and what patrols there were were under-equipped. drugs flowed freely. criminal immigrants deported after committing crimes in america returned the very next day to commit crimes again. why now are democrats so against a wall, a barrier, a fence, whatever the semantics are? >> i think it's a combination of two things. one, the opposition of trump. there has been an extreme left ward shift of the democratic
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party, moving away from liberalism into straight leftism. it's one thing to have gripes with trump's plans to end chain migration or to decrease the number of legal immigrants but this is just about enforcing existing law and the democrats don't want to do that, shows how extreme they have become. lauren: does that help or hurt them in 2020? >> i think that it will ultimately wind up hurting them because if trump is flanked at the state of the union by matthew charles and alice maries johnson, two people freed from prison by his clemency and matthew charles came out of the criminal justice reform that he signed. democrats say we're going to obstruct you no matter what even though you're trying to operate in good faith. lauren: it's going to be interesting tv tonight. >> definitely. lauren: reminder, stay with fox business for special coverage tonight.
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lou dobbs kicks it off at 7:00 p.m. followed by neil cavuto on coast to coast and trish regan will wrap it up. we'll be back here at 5:00 a.m., "fbn: a.m." for the highlights. if you go to sleep early, we'll fill you in. gerri: if only to watch nancy pelosi's face through the entire speech. lauren: it will be awkward tv in many ways. gerri: we'll get earnings from walt disney and snap later today. brad mcmillan, a chief investment officer, joins us now. good morning brad. let's start with disney. they expect to have earnings fall 18% and why they're having a hard time keeping up with some of the industry's leaders, the text giants. what do you expect to happen and will we get details of disney plus? >> i think there's two things going on. first, when you look at their movie business, they just keep killing it. they were killing it even more last year. so to some extent the decline,
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you're going to see a normal fading, cycling of the movie revenue. so from that perspective, i think investors will look through this. the point is, as you mentioned, is the streaming business. this is the future. and that's going to be the other thing that they want to see. how much progress has disney made, going against a company like, for example, netflix. they're not used to being the underdog and can they make it happen. gerri: all eyes will be on that and hopefully we'll get some kind of detail on that. i want to talk about snap. this is a company that is expected to post a big loss, the stock is down 52% from a year ago. what do you expect out of snap? >> snap isn't going to be about the earnings. when you look at expectations, they're going to show a loss but that's okay. they're going to show a lot of improvement. the real question here is management. they lost their cfo. they lost their head of h.r. what are they doing to stabilize that and what are they doing to continue the execution? it's a tech company.
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they don't have to make money. they do have to show progress and show they can he keep moving forward. gerri: they need to surround their ceo with reliable people in the c-suite. it's particularly concerning the cfo is out and the chief accounting officer taking the lead there. can the company turn around? it's having major difficulties now. >> well, they've got a couple challenges. the internal challenges are probably the biggest and most immediate. but going forward, they've got to look at -- they're fighting for ad dollars with facebook and that's where you need the team to really support the ceo and thus far he hasn't really demonstrated he can pull those people in. if he can't, if he can't get a good cfo in place, that's going to cripple his relationship with wall street which is already as you say not in a good place. gerri: rocky. we don't have a lot of time left but the nasdaq really having a great couple of weeks, moving ahead. do you expect tech to re-emerge
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as the market lea leader? >> i think you're going to see trouble with the semiconductor companies. there's some weakness there. but certainly the social media companies, the companies that depend on u.s. consumer demand, i think there's more upside there. gerri: all right. thank you for that. >> thank you. lauren: big changes for united airlines following past shortcomings regarding customer service. gerri: hillary vaughn joins us with more on that. good morning, hillary. hillary: good morning. this is after the plane that was-the destination was hong kong, was stranded on the tarmac for over 12 hours and eventually was a nightmare flight to nowhere, really because they had to make an emergency landing at an airport that didn't have much infrastructure, not a lot of services for passengers so they were stuck on the plane. united now says they're requiring planes with less extreme emergencies to land at airports that are bigger, that
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have more facilities for passengers so they can get them off the flight if they do need to wait for 12 hours. united says it's figuring out ways to improve communication with customers, get planes with mechanical problems to be fixed faster. they also apologized and offered passengers that were on that flight stranded for 12 hours on the tarmac refunds, credits and also vouchers for the really long wait time. gerri: what can be said for those who spend less time on facebook? hillary: well, this is interesting. a new study shows that facebook users are happier, less anxious, less depressed without the social media site in their lives. researchers at stanford and new york university tested users for four weeks without facebook, compared them to a group that stayed on facebook. those off the site had more free time. they were in better moods and were mess politically polarized than the group that remained on the platform but they were less informed and less up-to-date on
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current events which shows a lot of people are getting a lot of news on facebook at least. lauren: i'm not on facebook. i can confirm i'm very happy, hillary. the news i'm not up-to-date on is what's going on in my friend's lives. that's the news i miss out on. i'm fine with that. let's talk about crocs, as in those rubber shoes. they're moving beyond shoes to what? hillary: they're going to bags and accessories. so this is really the perfect bag, if you are a kroc enthusiast or a croc fan, if there are those people out there who don't want to wear their crocs but also carry them around too. crocs is teaming up with a brand, pizza slime, to sell a massive bag, complete with charms. it's only $300. the limited edition cross body bag has an adjusted strap. it comes in yellow and black. it has zipper compartments to carry your stuff. they're making 25 of these to
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start. if you want this, you have to jump on it now. lauren: hillary, it's an eye sore. [ laughter ] gerri: $300 too much. lauren: thank you very much, hillary. hillary: exact. lauren: wow. that was ugly. up next, more political chaos in virginia, the man who would be in line to replace the embattled governor is now facing allegations himself. >> does anybody think it's any coincidence that on the eve of potentially my being elevated, that's when this uncorroborated smear comes out? lauren: the lieutenant governor fending off sexual assault allegation. gerri:aallegations.gerri: if ya bustedded taillight or head light in one mississippi town, you won't get a ticket. you'll get something else. we'll tell you what it is. you're watching "fbn: a.m." ♪ baby you can drive my car. ♪ yes, i'm going to be a star. big, bold promises like...
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lauren: let's get you caught up on what's happening you now. we'll take a peek at your money this morning. s&p up a five days in a row, gaining 3 1/2 points, dow tacking on 65. president trump has nominated acting interior secretary david burnhart to take the job permanently. he took over for ryan zinke. the nomination will have to be approved by the senate. in virginia, lieutenant governor
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justin fairfax is not ruling out the possibility that the embattled governor ralph northam is secretly pushing newly revealed sexual assault allegations against him. >> i don't know where it's coming from. we have heard different things. here's the thing. does anybody think it's any coincidence that on eve of uncorroboratedbeing elevated, smear comes out? lauren: many lawmakers are calling for northam's resignation after rateist pictures from -- racist pictures from his year book have been he reveeltd. new jersey democrats proposed legislation that would remove president trump's name from the 2020 ballot. it would require them to reveal their tax returns to be allowed
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on the ballot. this legislation could actually pass. police in a small town in mississippi are going to smile, they're giving away vouchers instead of traffic tickets. the oxford police department has partnered up with local businesses to replace busted head and taillights for free. the program is called we care. it follows similar programs rolled out in oregon, illinois and iowa. i can't believe it. not only you don't get a ticket, we'll fix your problem for free. gerri: love it. that's good news. president trump gets to tout the state of the economy or he will tout the state of the economy tonight. we'll break down what he should brag about and what democrats are likely to say. lauren: in great britain, theresa may travels to northern ireland today to try to celebrex it. how can she hold on to her support there? you're watching "fbn: a.m."
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gerri: president trump expected to tout strong economy as one of his greatest successes in tonight's state of the union address. under his administration, the u.s. economy at its strongest position in a generation. gary b. smith joins us now. gary, great to see you as always. i'm looking at the numbers here. the unemployment rate, the lowest since the vietnam war. the economy growing at its fastest rate in 14 years. can he get any credit at all for the democrats for this amazing economy? >> absolutely not. you know, the spin -- about six months ago i was just looking up articles, they were saying you know, but there's a lot of problems, there's not wage growth for one, they said.
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now we've seen wages starting to kick in just as many expected. so now the line is basically well, he inherited a great economy from obama. he's just riding the wave and in fact, the tax cuts just made things worse because they're not paying for itself. so that's what i expect the spin from the left to be. gerri: are you better off than you were two years ago? i agree with you, you've got to say yes to that. when you look at how the dems want to spin the economy, what they want to do it, it's really anti-growth. chuck schumer, bernie sanders writing an op ed. they said americans should be outraged profitable corporations are laying off workers while spending billions of dollars to boost their stock's value to further enrich the wealthy fuel. they're arguing against stock buybacks, let's make them illegal. why should the government be telling these companies what to do? >> i'm with you, gerri. exactly. well, this is what politicians
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do. they generally don't make a lot of money, at least in office. so how they enhance their hand, if you will, is by increasing their power. the only way they can increase their power is to continually dictate to the rest of the population whether it's forget about private healthcare insurance, the government will run everything in healthcare or whether it's we will tell corporations how to be run, like they try to do with gm back during the financial crisis or they're trying to do now with corporate buybacks. so this is the way -- this is the way at least the left tries to operate in the area of bigger and bigger government. gerri: it's going to be a fascinating speech. but i want to get to the markets for a minute. we've seen this great rebound, right. we went from december, the worst to january the first. idoes thismomentum continue ande start talking about trade again?
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will that bring the market down? >> well, i guess it depends, gerri, which way the trade talks go. here's my concern. we are up since basically the very end of the year almost straight up, the dow is 15%. you can't go up 15% in one month and hope it continues. the past few days i've seen kind of the market really kind of going nowhere. i don't think it's waiting for the state of the union but we have some big issues to be resolved. we have -- i think we're over the hurdle, what the fed is going to do i think they're going to wait. but as you point out, we still have what's going to happen with china. we still have brexit to be resolved. we still have the mueller investigation. so we have a lot of things that could kind of flip either way. i say right now i'm kind of neutral. the one big area i will throw in i'm worried about is housing. that has kind of seemed to level off and for the past 50, 60
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years that's a leading indicator of where the economy's going. keep an eye on housing starts and housing prices. gerri: that's the one negative out there for consumers right now. >> exactly. gerri: gary, you're a gem, my friend. we have to go. lauren: he is a gem. gerri: yes. make sure to stay with fox business. lou dobbs kicks it off at 7:00 p.m. eastern followed by neil cavuto and trish regan will wrap it up. don't forget to join us back here, "fbn: a.m.," 5:00 a.m. eastern for all of the state of the union highlights. lauren: coming up, today is a critical day for president trump and british prime minister theresa may. our next guest says the leaders having in common. ♪ don't listen to a word i say. ♪ the screams all sound the same.
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lauren: british prime minister theresa may in ireland today. let's bring in scott shellady, managing director at tgm europe. scott, you're saying there are similarities between may and president trump and what's going on with our border. >> well, here is the deal. the border was a campaign promise. people voted to hold campaign promise to put him in office, leaving the european was something getting out of european union. this is what people voted for. the european union a lot like nancy in shock have played the politics of no, no, or none,
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none. slowly but surely the tables are turning on european union. folks are starting to get angry in britain, hey, why do we want to be part of something that's treating us badly. the european union wanted to treat them badly to set an example. now they are making themselves look bad, what kind of club is this and do we really want to belong to it. >> all right, scott shellady, thank you for that. [laughter] lauren: he makes a really good point. >> no, no, no. lauren: you can't be the party of no. that does it for us in fbn:am. maria: happy tuesday, everybody, thanks for joining us, i'm maria bartiromo, it is tuesday february 5th, your top stories right now 6:00 a.m. on the east
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coast. alphabet reporting strong results, spending concerns drags on the stock this morning, plus the other companies on top including disney today, earnings round-up today. jay powell having dinner with president trump at the white house last night on jay powell's birthday. details coming up here. countdown to state of the union, president trump to tout economic success tonight. closer look at who will be attending as guest of the president and democrats. patriots on parade. mornings with maria begins right now. ♪ ♪
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maria: we kick it off with markets, dow industrials right now better than 70 points, s&p 500 up 3 and a half on nasdaq right now looking like gain at the start of trading about 11 points after the market started week on strong note, big cap technology and industrial stocks led big rally yesterday, take a look, dow industrials up 175 points at the close yesterday, up 3 quarters of a percent. s&p was 18 and nasdaq better than 1%, 84 points higher tat close yesterday. earning season rolling on this morning with google parent company alphabet reporting after the bell last night, numbers were better than expected last night but the concerns are really over higher expenses and that's weighing on investors this morning, company is spending more money on whole host of businesses away from search, the stock down 2
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