tv FBN AM FOX Business February 11, 2019 5:00am-6:00am EST
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identity to american indian too. the mindlessness and delusion is ridiculous. lou: emily, niger, thank you. thanks for being with us tonight. good night from new york. ♪ these people have gone insane in terms of trying to fix problems. they seem to care more about the valid defender running loose than building a wall. cheryl: border wall battle, talks over funding a wall at the mexican border stalled. they are looking to limit the number of detention bends at the border. amazon under siege, the retail giant may pull out of if hq2 plans in new york city. this as the company's chief, jeff bezos, finds himself in a street fight with the national enquirer over alleged extortion. cheryl: some big names set to
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report earnings this week, we've got coke versus pepsi, cisco and cbs to name a few. u.s. stock market futures have been focused on china and trade negotiations. the s&p is up 12. the nasdaq up 39. cheryl: taking a look at european markets. also green on your screen. in fact, all of the major averages up more than 1%. in asia the nikkei was closed for a holiday. the rest of the markets higher. "fbn: a.m." starts right now. cheryl: 5:01 in new york. googoodmorning. i'm cheryl casone. gerri: i'm gerri willis in for lauren simonetti. cheryl: bipartisan talks hitting a snag over the weekend as the two sides clashed over
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immigrant detention policy. democrats now want to limit the number of migrants that immigration and customs enforcement groups can he detain at one time. mick mulvaney is not ruling out another government shut down. >> i'm not in a position to say the president will absolutely sign or will not sign. here's what we do know. the president has to sign a piece of legislation in order to keep the government open. he can't sign everything they put in front of him. there are some things we count a agree to. the government shutdown is technically still on the table. we don't want it to come to that but the option is open to the president and will remain so. gerri: negotiators need to reach a deal by today in order to have congress with much time to pass the bill before friday. president trump set to hold a rally in el paso, texas today. cheryl: for more on this, let's bring in amber ethes.
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let's start with kind of where we're at here. things seem to be on track with negotiations and then it really hit a snag on sunday. democrats now focusing on the amount of immigrants detained by i.c.e. is this a good strategy for the democrats? is this what they need to be digging their heels in on on? >> it seems that democrats are banking on the fact that republicans are skittish about going into another government shutdown and president trump would obviously not want to use the national emergency powers unless he absolutely has to. but let's be clear. immigration detention beds are a big sticking point for the president because without the ability to detain people, prosecute them and deport them, you're looking at more catch and release policies. i spoke to the i.c.e. deputy director last week and he called reducing the number of immigration detention beds as a back door to abolishing i.c.e. you can expect the president to not be happy with the way the negotiations are going even though last week he seemed
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optimistic they would reach a deal. cheryl: he's not happy. let's look at the tweet he sent out over the weekend. here's what he said. i don't think the dems on the border committee are actually being allowed by the leaders to make a deal. they're offering very little money for the wall and out of a blue, want a cap on consistent victed violent -- convicted violent felons. listen to what sense senator rd shelby had to say. >> we've got problems with the democrats dealing with i.c.e. that is he detaining criminals that come into the u.s. and they want a cap on them. we don't want a cap on that. cheryl: they all know that the deadline really is today, i mean, the deadline is friday officially but many have said we need to come up with something by monday in order to get the rest of a budget deal figured out for the rest of the fiscal year. is that true? >> right. most people expected they would have a deal out friday or saturday, giving them just enough time to pass something
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before the deadline for the next government shutdown. so monday really is the last possible day in order for them to get a vote later this week in time for that to happen. now, if i t i had to guess, basn president trump's tweets and statements that he believes it's in his powers to establish an emergency, that seems a more likely option than the politically not popular government shutdown. cheryl: i think you're right. listen to what mick mulvaney said about that, the national emergency. listen to the tone of what he says. >> he would prefer legislation because that's the right way to go and it's the proper way to spend money in this country. but if that doesn't happen, the president perceives his number one priority is national security, he will then p look at the national emergencies act as a way to do his job. cheryl: that was a big "but." you just heard it there. >> the problem with the national
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emergency is even if the president declares it, which he is well within his right to do so, there will be a legal challenge, particularly in the liberal stronghold courts in d.c. and hawaii. that will last at least probably a year, delaying the president's plans to get that border wall. that will be another fight heading into the 2020 presidential election. cheryl: real quick, he's going to be in el paso today, president trump is, amber and this could be good for negotiations or his rhetoric could be bad. what do you expect from the president? and i say bad for negotiations if he gets real angry. >> i would expect the president to of course make his case again for border security and talk specifically about the need for an increase in detention beds. he's giving that speech very, very close to the border, just a matter of feet. so that's going to be his rallying call to his base and to republicans to stand firm against democrats who want to give away some of the things that they want in this package. cheryl: amber, thank you very
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much. we'll hear from the president later today. gerri: all eyes on the president tonight for sure. democratic virginia governor ralph northam says he's not going anywhere after admitting he wore black face in the 1980s. >> i'm fine. it's been mainly difficult for virginia and this country. so yes, i have thought about resigning but i've also thought about what virginia needs right now. i think i'm in a position where i can take virginia to the next level and it will be positive. gerri: northam says virginia someonneeds someone who can heae state. there are calls to impeach lieutenant governor justin fairfax who is accused of sexual assault by two women. he has denied the allegations. virginia torn general mark hairing admitting he wore black face as a college student. cheryl: a lot happening in virginia. prepare to pay more, folks, for
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diapers and cat litter. the wall street journal is reporting that makers of household staples are set to raise prices again this year. they hiked prices back in 2018. companies like church and dwight, they make arm and hammer baking soda and objectiony oxy e hoping to offset higher commodity costs. gerri: i like oxy clean. cheryl: i love it. gerri: last night, the music industry's biggest night, the grammies,. cheryl: tracee is here with that done. tracee: the show kicked off with a big moment. the ceremony continued to be dominated by fee may performers and -- female performers and presenters. casey musgraves won album of the year and car cardi b. won best p
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album as a solo artist. chilchildish gambino won four as and lady gaga from a star is born won too. cheryl: i finally saw a star is born. tracee: how was it? cheryl: i love the music. love, love, love. more research is showing that not getting enough sleep is bad for you. gerri: sleep deprivation was looked into on doctors. there was a higher level of damage in dna and lower levels of gene activity associated with dna repair. that could possibly lead to higher chances of genetic diseases, like cancer. researchers said they hoped the study would raise awareness about the importance of sleep, which for adults, 18-60 years old is about seven hours a
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night. tracee: today will be my last day on "fbn: a.m." for a. [ laughter ] orange vanilla coke is the new flavor, the first new coca-cola flavor in over a decade. it will hit stores on february 25th. coke said it has seen growth with cherry and vanilla and realized customers wanted more flavor options. coke said it considered three other flavors, raspberry, lemon and ginger but orange and vanilla was the clear favorite in focus groups. coca-cola up 14% in the past year. gerri: i'd go for the ginger. i could do that. all right, tracee, thank you. cheryl: futures are looking pretty good. we backed off a little bit. we were up triple digits. dow is up 83, s&p up 9 and-a-half. we're watching a possible shutdown and there's trade talks in beijing this week, folks.
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still ahead, amazon under siege, the retail giant may have to cancel its plans for the big apple. all while dealing with ceo jeff bezos duking it out with a may r juromajortabloid. we've got p an update on a story, a suspect has been charged in the killing of a 35-year-old milwaukee police officer. we've got details coming up. you're watching "fbn: a.m.." ♪ when the sky falls and it crumbles. ♪ we will stand all ground personnel please clear the hangar. trips to mars. $4.95. hydroponic farms. robotic arms. ♪ $4.95. delivery drones
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national enquirer is trying to blackmail him. how does the company deal with this at one time. let's bring in ian wishinggrad and venu vargazi. ism going to start with ian. let's dig into the story with new york elected representatives saying maybe we don't want amazon to bring its 25,000 to 40,000 jobs here. maybe we don't want averageallye salary for the new hire toss be $150,000. are these people insane? the return on investment, they put up $3.6 billion, the state of new york does, and they get back in tax revenue over 25 years nearly $30 billion. correct me if i'm wrong, but that's like a 10 times investment. that's an roi anybody would like to have. y an, your thoughts? >> i agree. i always thought when a company brings jobs it's usually a good thing and well-received.
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i think the communication that jeff bezos did on medium showed what a great communicator he could be. i think legislators proved how incompetent they were. i think the thing wasn't messaged properly. the only thing people are hearing is we're giving a tax break to the richest company in the world. gerri: now they're about to bungle the biggest deal they've had since i don't know how long. i would think, you tell me what your reaction is, that this could jeopardize future he deals for new york city. count thicouldn't this mean it'r for new york to attract companies long term. >> i'm not exactly sure. i think if they're really as savvy as they are in the p.r. front, that may be something they leak into the water to make people freak out. gerri: it worked. >> it reminds me of brexit in a sense. they can't brexit yet. everyone's like maybe we don't
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want a brexit. they're like new york you're making it give for us, if you don't want us, we don't want to be here. it will come out whether it's a few people making noise or is this really great and all the people that are buying up real estate in long island city will come and say no, bring it. gerri: there are other cities in the united states of america who would love and have asked to have amazon come to their town for hq2. venu, i want to get to you, this story, this embarrassing story for jeff bezos, didn't you like him better when he was just a guy selling books? now he's in the headlines and major tabloids. what do you make, this anonymous source who leaked intimate texts between bezos and his mistress, lauren sanchez, we find that it's her brother. what does this mean for what is quickly becoming a he said, she said, and a big lawsuit? >> i think the things that you
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can say regarding this case, all the funny -- he was on saturday lighnight live, pecker going ovr bezos, you can't make this stuff up. gerri: pecker is the editor in chief. >> this is a question of whether this is extortion, under a federal statute and there's a federal statute that potentially he could get r charged under or if it comes back to him. it's unlikely the fed would bring any charges here because this is a question of whether -- there's more an issue of defamation versus criminal. i don't think the department of justice is going to wade in over here. ultimately what this is a all about and the argument -- the counter the pecker team is putting out is this was there to question jeff bezos' business judgment and so ultimately it
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will come down to whether doj is going to want to look in. i don't think so. and it's so heated -- gerri: it is so heated. is michael sanchez, is he going to be liable in any way. he's the one that leaked the information, apparently. >> if jeff bezos wants to go after him, he could, i mean on a civil side. there may be some statutes, some of the states have put forth basically revenge porn type of statute that could lead to local prosecutors going after somebody like sanchez who revealed pictures without the permission of the person, who took the pictures. there's no question that these were meant to be private pictures even if he is jeff bezos. gerri: th brother the brothet
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confirmed this, he's not talking about it. it appeared in the daily caller. this this the headlines, not confirmed. amazon stock is doing very well, despite all of these headlines. guys, thanks for coming on today. great to see both of you. cheryl: speaking of stocks, let's take a look at futures right now. you've got a good green kickoff to your monday. dow up 90 points, s&p is up 10 and a quarter, nasdaq is up 33 and three-quarters despite concerns about another government shutdown potentially later this week. u.s. trade talks with china picking up today, investors keeping a close eye on beijing. we've got market reaction coming up. plus, wicked weather coming through parts of the country today. getting a live update from the fox weather center. you're watching "fbn: a.m." ♪ i don't understand why i sleep all day. ♪ and i start to complain that there's no rain. ♪ i can't tell you who i am or what i witnessed,
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gerri: parts of the northwest slammed with record snow and more on the way. the northeast also bracing for some bad weather. let me tell you, they're already salting streets now. janice dean joins us now. janice: both coasts are getting winter storms. cold enough for snow across the northern tier of the country where it's 3 in rapid city, 27 in chicago, 31 in new york. we'll deal with a messy commute tomorrow. so a mess here across the ohio valley, tennessee river valley, the great lakes, the northeast, as areas of low pressure kind of ride this boundary that's centered across the mid-atlantic, up towards the northeast, starting tomorrow morning, it's going to be a mixture of rain, sleet, freezing rain and snow right around the
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new york city area, northward towards boston. this is all the potential for icy conditions starting tomorrow morning, into the afternoon. we're going to see snow. we're going to he see ice and we're going to see eventually rain in new york city, south of new york city mainly we think a rain event as well, depending on where you live. we have winter weather advisories in anticipation of this next storm system, also across the upper midwest and the great lakes. here's the forecast precipitation. we're going to see the potential for snow, west of new york city, north of new york city and right along that fine line of ice. so that's going to be the big story and then we have another system moving into the northwest. it's going to be an active week in weather for much of the country. back to you ladies. gerri: we'll be watching you every single day to get all the news. thank you so much. janice: you got it. cheryl: i want to have a chat with the groundhog. i'm just saying. thanks, janice. a lot of headlines we're watching this morning. taking a look at futures, we
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have a green start to your monday. dow up 95, s&p up 10 and three quarters, nasdaq up 35 and a quarter. we have more earnings coming out this week. we'll she how the market digests the number. $1 million bond has been set for the man who shot and killed a mick wamilwaukee police officerg a drug raid at his home. jordan frick said he didn't realize police were on the other side of the door when he fired four shots. a 35-year-old officer was shot in the chest, a 17 year police veteran. in addition to serving tours in iraq with the marines. thousands of denver teachers expected to walk off the job today. the teachers union failed to reach an agreement with administrators over salaries and bonuses. preschool classes will be completely closed. safety fixes prompted by a deadly plane crash has been
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delayed. disagreements among safety experts pushed the changes back to at least april. the 35 day partial government shutdown contributed to the delay. that's what's happening now. gerri: coming up, trade tensions with china. u.s. officials meeting in beijing to try to hammer out a deal before the march 1st deadline. are more tariffs on the way? and if you're getting ready for valentine's day, you're going to want to make it he romantic, right? details on companies going that extra mile for you and your sweetheart. you're watching "fbn: a.m."? ♪ and they called it puppy love. ♪
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europe right now as you can see is also tradeing to the upside. all of these major averages are up more than 1% and that optimism seems to be also flowing into the asian markets as you can see with the nikkei that was closed in japan but others are showing strong gains. gerri: a fresh round of china trade negotiations begin today with deputy level meetings followed by high level talks later this week in beijing. the two countries trying to hammer out a deal before the march 1 tst deadline. joining is right now chief economist craig dismue. let's start with higher markets particularly in asia overnight, lots of optimism about the talks. is it warranted? >> i don't know if it's warranted yet or not. i think there's been progress. we've seen some positive comments that have come out of the most recent trade meetings. there's still some big issues that i think they'll have to work through but it's positive
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we're going to the deputy level and we'll have lighthizer and mnuchin traveling to china later this week so i think there's opt minimum for sure. janice.gerri: on friday, what s were talking about and the reason the markets rebounded at the tail end of friday, they didn't go positive but they nearly did, but it's because they were hearing the trade talks deadline would be pushed off of march 1st and made later and that gave them optimism that something good was going to happen. i think when you talk about risk to the market, china has been one certainly, but are there others? >> sure, there have been. absolutely it picked up pretty substantially at the end of the day friday on the optimism about the trade. other issues have been the fed, fears that the fed might misstep and the fear we could see a recession. last year you had the yield curve invert, you had stocks down at the end of the year.
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all of the global data had been weaker. there are a lot of fears right now, are we in the late part of the economic cycle. i don't think we are just yet. we're later, but i don't think we're at the end of it. certainly trade has been the thing that weighed the most and especially with the fed getting out of the way and really turning, i think the big issue right now is trade. gerri: and you brought up economic growth. i want to bring up eps, earnings, bottom line for the s&p 500. we've got 66% of the companies reporting right now. 72% have beaten. are companies going to start getting credit for what they do on the bottom line because, look, what we've seen is it's all about the forward statements. >> right. that's right. so revenues have been better for about 60% and as you mentioned, bottom line has been better for even more, almost 70 -- over 70% now of those that reported. the big story for the earnings season have been the warnings about the impact from china or trade uncertainty or global
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uncertainty and so i think that's going to continue to weigh on the market. i think the markets -- we rebounded 10% already. certainly there's more upside. i think interest rates are largely range-bound going forward. so there's reasons to be positive. gerri: craig, thank you for that. we love reasons to be positive. appreciate your time. >> thank you. cheryl: you've got two-thirds of the s&p 500 companies have reported quarterly earnings. more big names are releasing numbers this week. and two of those companies are cisco and coca-cola. those are dow components. let's bring in david nelson, chief trait gis strategist and . good morning. david, let's talk about what could be positive this week. global markets right now seem to be riding the news that there is optimism. we've got more trade talks set for beijing this week in beijing. is that enough, despite what we heard from some of the companies and their forecasts, to keep the positive momentum going for markets? >> that's a day by day issue.
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i'm largely positive right now. there's a couple names reporting this week and that's great. coca-cola, that's a buffet favorite. but nothing to speak of there. you're looking at bottom line growth, maybe respectable. sales growth, not so much. cheryl: we're going to hear from a few companies this week, michael. to give our viewers a couple of them will be interesting, we'll hear from lowe's today, tuesday is going to be aca activision. thursday is nvidia. there were a lot of misfires over the holiday quarter. do you think that's enough to pressure markets in general or at least that sector? >> what you're seeing with the video game makers is a lot of move to fortnite, away from the traditional gaming. that's a volatile sector based on what's fashionable at the time. so i wouldn't look for any broader markets implications from that. for lowe's, we're looking for a little bit, see if they can improve operating issues and
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catch up to home depot. i'm looking for further detail, how much is the slowdown internationally affecting the overall -- affect the overall earnings for the s&p 500 and what is forward guidance looking like. right now we're looking for quarter 1 of 2019, we're looking at negative year over year earnings growth but 5% revenue growth. so what i think we've been seeing and what we're going to continue to see is lower, more conservative guidance, so companies have a very easy time beating earnings going forward. but if we're going to have medicine gel digit revenue growth -- mid- single digit revenue growth for calendar year 2019, i think we're in good shape. cheryl: it's not lowe's home improvement, the other loeks. some of the forecasts from companies that have been reporting earnings, they've been a little rough, whether it's trade tariffs, whether it's a general slowdown, not getting the benefits of the tax cuts anymore for this year. some of these forecasts have been a little disconcerting. >> they have been concerning.
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we've got big names like amazon who came out with a pretty decent number and guided down on revenue, similar to google as well. we've seen that with a lot of the secular growth names. i think one interesting point that isn't talked about right now, stocks are trading very much like they do at the end of a bear market. fact set data shows that on average, on average stocks with positive surprises and negative surprises have been trading higher and a more important issue, cheryl, is that earnings estimates have been rolling over since october last year. and in the end, that's what stocks are going to follow. they're going to follow the earnings stream. we sometimes forget a stock is just a contract between you and the company. and it entitles you to your pro rat take share of the -- pro rata share of the earnings and dividend stream. in the end stocks will follow the earnings stream. cheryl: something i saw in the journal this morning was interesting. it said you had a recovery in january and now investors are
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looking at the tech any l call e dow is above the 200 moving day average. are we back to good old numbers when it comes to wall street? >> nec we're right in the middlf no man's land. it's funny, this year it doesn't look like we're going to have that good of an earnings growth year. last year we were up somewhere along the lines 20 to 25% of the s&p 500 but the overall index is down. it's forward-looking expectations. this year will be a worse year in earnings in terms of year over year growth. that's because the bar was set so high. i think we're headed higher. a lot of the overhangs, china and the fed are moving to the background. hopefully these numbers will drive us. cheryl: 40% of revenues coming from overseas. thank you very much. appreciate it. >> thank you.
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gerri: interesting stuff. finding locations on google maps about to get a whole lot easier. cheryl: we've got tracee carrasco with that story and other headlines. tracee: google announced an augmented reality walking feature for google maps last may and they are now making it available to some users before a wider release later. google says it requires more testing but the new option will allow you to replace the familiar maps with a real-time view of the world, all seen through the camera lens on your phone. the maps could help you get where you need to go and also help you learn more about everything that you pass. gerri: i like that. valentine's day is thursday. let's find unique ways to celebrate. tracee: forget flowers. give your loved one more substance this valentine's day with a bread stick bouquet from olive garden. all you have to do, order the bread sticks to go from your
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closest olive garden, print and cut one of the bread stick bouquet wrappers that the restaurant provides, wrap the bread sticks inside and present it to your valentine with love. if you're still looking for a last minute dinner idea, how about a romantic date at the waffle house. nearly 200 waffle house restaurants taking reservations and offering dinner complete with white tablecloths making it fancier. cheryl: waffles never hurt anybody. the box office, we had a new winner this weekend. tracee: a new winner but a little bit of a disappointment. >> our lives went into chaos. the new life has toughened and hardened us all. >> two coffees, please. one black, one with a touch of cream and 25 sugars. tracee: the lego movie fell r short of the anticipated $50 million the studio was looking at.
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in second place, what women want with $19 million. rounding out the top five, cold pursuit, the upside and glass. cheryl: all right. tracee, thank you very much. gerri: here's a look at futures this morning. we're all in the green still. the dow up 88, the s&p 500 up 10, the nasdaq up 33. coming up, a crash on the track leading to a win at the daytona international speedway this weekend. more of the stunning footage and details coming up in sports. ♪ it means ♪ ♪ to walk along the lonely street of dreams ♪ ♪ here i go again on my--- you realize your vows are a whitesnake song? i do. if you ride, you get it.
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gerri: wam. less than one week since the nfl season ended in a good way. a new football season began with a new leak. cherylleague.cheryl: this is i. the founder of the league was on with maria on friday. >> i like that we hear of the interaction between the referee and the replay of usual in the e booth upstairs. sometimes it sounds like they're choosing between fries and onion rings. the hot shots scored a big win. they beat the stallions, 38-22. the game on cbs grew a larger audience than a top nba game. cheryl: people love football.
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see? see? >> golf, pebble beach. i guess you could say all hail phil mickelson, except for mother nature who dropped a hail storm during the final round, causing a two hour delay. phil mickelson leads by three. bob costas shared the reason why he says he got yanked from super bowl coverage last year, for speaking truth. >> i guess that nbc is not sure whether there's a connection between football and brain trauma. and i imagine the next press release is it's still open for question whether or not the earth is round or flat. okay. i'm good. i think the words were, you crossed the line. and my thought was what line have i crossed? >> boom. bobob costas recently left nbc after four decades.
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21-year-old william byron topped bowman for the pole, jimmie johnson won the clash after he triggered a massive pileup that nearly wiped out the entire field. nice day for jimmie johnson. the alarm went off before 6:00 a.m. he competed in the daytona beach half marathon. 13.1 miles. hour 33. cheryl: that's a very good time. >> that's a long day. cheryl: that's impressive. >> the daytona starts next week and today spring training begins. gerri: i'll be watching golf. cheryl: jared, thank you so much. jared sports sports reports are on fox news headlines 24/7, sirius xm channel 115. gerri: the dow is up 90, the nasdaq up 32. coming up, warnings from u.s. companies over britain's
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upcoming exit from the european union. we'll break it down. then the touching story of a 6-year-old girl suffering from cancer who got her wish. look at this. to be a police officer. you're watching "fbn: a.m.." ♪ make your home in american land. ♪ oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing.
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christopher solace allegedly rammed his car through the crowd sunday near anaheim before finally hitting a tree. good samaritans and police are to lift the truck to free several people underneath. 10 people were taken to the hospital with injuries ranging from minor to life threatening. amy klobuchar announcin announin for president during the middle of a snowstorm. president trump said the snowstorm contradicts her views on cry comat climate change. klobuchar responded saying science is on my side. and she said i wonder how your hair would fare during a blizzard. this 6-year-old girl t battling cancer got to fulfill her dream of becoming a police officer.
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>> promise -- >> promise -- >> to keep -- >> to keep until all of my cancer -- >> until all of my cancer is gone [clapping] gerri: the free port police department in texas swearing in abigail arias. just want to hug that girl. police officers all across texas came in to show their support for abigail. and that's what's happening now sh.cheryl: other that precious little girl and so sweet of them. those are my heros. coming up, alarm bells are big-time ringing in u.s.rooms ud rooms with a possible brexit just week away. we'll look at the possible fallout for american companies when we come back. ♪ baby could you blow my heart
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cheryl: u.s. companies are warning investors about increasing risk of a hard brexit, let's bring in jane foley, jane, these companies are saying that their businesses can be affected if there's a hard brexit, we think that could even be avoided now? >> well, it's certainly the course the country is set on and uk is headed for brexit on march 29th unless something gets put in to avoid that. the fact of the matter is theresa may, prime minister is using the time frame and pressure to try and pressure -- put pressure on the negotiations that she's having but last week she was in brussels to try to get them to change position.
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>> well, is there anything she can do, theresa may to get the deal approved? >> well, as it happens uk parliament does not like her deal. what she has done is she went back to corbyn to soften it up. amended deal. remember a few weeks ago parliament failed to pass her deal, record amount. she wants to change and get all mp's behind it but it's a very dangerous game. cheryl: real quick, you're the currency strategists, lockheed martin say ifs the sterling continue to be depressed, they won't be able to afford product, what do you make of that? >> 40%, there's a very strong chance that sterling falls and
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will fall if there's a hard brexit. we saw that in 2016 after referendum on brexit, became a lot more pecks -- expensive. what consumers are worried is disrupting and fresh food doesn't get into uk market. >> wow, that's tragic. for us the u.s. today it could mean good things for our producers, right? >> well, quite possibly although euro zone biggest trading partner. if you look at individual country, u.s. is bigger, individual countries, the u.s. will be uk's trading partner. the uk will attempt to increase trade with the countries outside of eu on the event of hard brexit but you have to remember hard brexit is not what anybody wants, not the house of commons, hopefully something that can be avoided. cheryl: well, we are seeing
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global markets positive this morning, jane, a lot of that are talks with beijing, thank you, jane, good to have you here. >> mornings with maria starts right now. maria: hey there ladies, good morning to you, happy monday, everybody, thanks for joining us, i'm maria bartiromo, monday february 11th, top stories right now before 6:00 a.m. on the east coast. u.s.-china trade talks back on, investors are waiting on the latest round of negotiations ahead of the arrival of treasury secretary steven mnuchin along with u.s. trade representative robert lighthizer in beijing this morning. the trade of government shutdown on track, 4 days away and chances are actually rising now as border wall negotiations now have stalled. we will tell you about the issues, plus the grammy's get political last night before the show started. joe villa showing support for president trump's border wall, plus highlight it was show including nice big winners, mornings with maria begins right now.
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♪ ♪ maria: we kick it off to top story, could be a pivotal week for the markets, a lot on tap, fresh-round of u.s.-china trade talks, that's happening in beijing ahead of march first deadline to strike a deal. amid threat of second government shutdown meanwhile, tensions flared up in washington over the weekend over border wall funding, joining me right now b&y investment chief strategists. >> good morning. maria: first off the rally that we are seeing this morning, are you attributing that to the china situation or something
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