to certain news newspapers to make himself look better during the clinton investigation. lou: thanks for being with us. good night from new york. see you cheryl: it is wednesday, february 2 of 0t 20th. optimism growing that the u.s. and china can get a trade deal done as talks enter day two in washington and the president backs off the march 1st deadline. chinese state media reporting any new u.s. tariffs on chinese goods would be catastrophic for global stocks. bernie's back on the ballot. what his running means for the economy and your wallet. and, more than 200 million americans feeling the impact of a p monster winter storm today, 1 you thousand flight1,000 flign

canceled. what you need to know for your morning commute. lauren: here is how your money is moving at 5:00 a.m., the dow, 937 points away from its record close, futures down 51, the nasdaq was up seven days in a row. futures down 8 points this morning. theresa may heads to brussels today to meet with the ecb president. is a brexit breakthrough possible? the ftse up 5 points this morning. stocks in asia closing out in the green. president trump behinds that the march 1st deadline may be pushed. hong kong and south korean markets each adding about 1%. cheryl: good morning. i'm cheryl casone. it is wednesday. feels like it's friday. lauren: it is hump day. two more alarm clocks to go.

thank you for joining us. i'm lauren simonetti. cheryl: president trump says there is no magical date to complete trade talks with china, suggesting the march 1st deadline for higher tariffs with china could be pushed back. is this a sign we're getting closer to a deal as lower level trade talks with china continue for a second day. lauren: let's get the latest from hillary vaughn in washington. >> reporter: the president's saying these trade talks are about a lot more than china buying more born. both the u.s. and -- corn. both the u.s. and china kicking off another round of trade talks before a new round of tariffs kick in in nine days. >> china would like for that not to happen. i think they're trying to move fast so it doesn't happen. we'll see what happens. i can only say the talks have gone very well. >> reporter: president trump saying the march 1st deadline isn't a magical date, suggesting there could be wiggle room to delay the deadline. still, there's a lot at stake if

talks derail. they want to dodge a 15% tax increase of $200 billion of imports from china. lower level talks setting the stage for high stakes negotiations at the end of the week. both want a meaningful long-term deal out of this, not a temporary fix. china's top diplomat says they're hoping for a bold trade agreement. the white house says they want structural changes in the u.s. and trade relationship. lauren and cheryl. lauren: a lot to accomplish and the topic of possible auto tariffs may come up today when president trump meets with the austrian chancellor at the white house. let's take a look right now at where things stand in the trade talks with china. we go to craig dismuke, the vining sparks chief economist. he joins us now. good morning. >> good morning. lauren: we have low level meetings and mid-level meetings and eventually we'll have the big meeting between the president of the united states

and china. if they meet, does that mean we have a deal? >> i don't know that it means we have a deal. our base case expectation is that we will. i do expect that they will meet. the stakes are too high. we've seen the impact of all the uncertainty on global growth and then also on the u.s. data in the fourth quarter of last year. i do think they'll meet and i think the stakes are too high for them not to do something. i don't know that it's going to be much different than where we were before. lauren: speaking of the stakes being too high, the global times in an i'd tor editorial, they w, analysts believe if the two countries couldn't come to an agreement and the u.s. imposes more tariffs whil tariff china h fiercer counter measure it could be a catastrophic strike to global marc stock markets. do you agree? >> absolutely. the two things that were weighing on the market is, a,

the fed, and b, the trade uncertainty. and really that was the catalyst that started all of it with the uncertainty from businesses, with the uncertainty in the global pmi data. i think it would be really up up-end market confidence. chinese stocks were down 30%. i think it could cause a lot of market turmoil. lauren: yesterday when the president said the march 1 deadline is a, quote, magical date, the dow really popped on that. my question to you is do the markets want to buy time right now maybe because they're pessimistic we're not going to have a deal. as long as we push that deadline everything is going to be okay or do you think we need the hard deadline to keep china at the negotiating table and to strong arm them? >> i don't think they need the deadline necessarily to keep everybody at the negotiating

table. i do think the markets are betting at this point, especially after you see the rally from the trough back in december, i think the markets think we'll see some kind of deal. if not, i think you would see the markets going the other direction already. they need to stay at the table. it's very important. march 1st isn't a magical date. it's one the president imposed himself. i think the markets are expecting something to happen. lauren: possibility that the markets sell off when and if we do get a deal, buy the rumor, sell the fact? >> it's hard to say. i think a lot of it will depend on what's included in the deal. i give you one point. china has a lot of tools at its disposal. since all of this began, if you look at the tariffs we imposed on their imports, the yuan has devalued by 10%, almost exactly equal to the impact of the tariffs we're replacing on their imports. they have a lot of tools at their disposal. that's why they said yesterday,

don't let your currency fall. there's a a lot of moving parts to this. we'll see what the deal looks like at the end of the day. i think the markets will be relieved if there is a l deal and we're not threatened by a big jump in tariffs. lauren: craig, thank you very much. >> thank you. cheryl: well, president trump wants california to pay back billions of dollars for its failed bullet train but democratic governor gavin newsome claims the move is political retribution. lauren: leland vittert joins us live from washington. it's getting pretty intense, leland. >> reporter: there's an old saying in washington, a billion here, a billion there, pretty soon we're talking about real money. we'll talk about the money for the train. the administration says every legal option is on the table. they want back about $2.5 billion of federal money that went to california and say they're going to cancel grants worth another $900 million that

was slated to go for that train linking los angeles and san francisco. train's not happening. these are animations of what it was supposed to look like. this comes as california is one of 16 states suing over president trump's border wall. here is the tweet from the president. as i predicted, 16 states led mostly by open border democrats and the radical left have filed a lawsuit in course the ninth circuit. california, the state that has wasted billions of dollars, seems in charge. gavin newsome, he was the guy who said the train was too expensive and would take too long as seized on that. the president tied the two issues together newsome said in a tweet this morning. this is clear political res tri retribution. both sides agree on something. they're more than willing to fight and at least in the press promise victory.

>> i have an absolute right to call national security. we need strong borders. i think in the end we're going to be very successful with the lawsuit. >> reporter: so the a aclu is now also joining the 16 states and is working on the lawsuit about the wall, saying the national emergency declaration is an attempt by the trump ad medicine strayings to -- administration to steal taxpayer money. they didn't opine on the $2.5 billion for the train. lauren: leland, thank you very much. cheryl: we'll have more on this in a few moments. now to bernie sanders, he is back. the vermont senator announcing he's running for president again and his democratic competitors are feeling the burn. in just 12 hours, sanders raised more than $4 million. that's more than double senator kamala harris' $1.5 million in the 24 hours since she announced her campaign. looks like bernie's vision for

his 2020 run won't be much much different from his previous run. >> in 2016, many of the ideas that i talked about, medicare for all, raising the minimum wage to $15 an hour, making public colleges and universities tuition-free, all of those ideas and many more are now part of the political mainstream. cheryl: well, the vermont senator's pushing a new proposal to raise taxes. his plan is to collect $15 trillion in additional payroll taxes over the next 75 years. lauren: well, from socialism quite frankly here in the u.s. to socialism overseas, let's talk about venezuela. they're sealing themselves off from neighbors. authorities have closed maritime borders, preventing boats and aircraft from delivering humanitarian aid. the opposition says they're working with brazil and other countries to deliver this aid

this saturday despite nicolas maduro's promise to block it. trish regan spoke with juan guaido last night. >> we will have a fantastic opportunity this saturday to accept important humanitarian aid that the government in venezuela has forbiden and we have fantastic example to pull our country out of this crisis. lauren: the united states has also sent tons of aid to the venezuelan, colombian bore department now they havborder.n. cheryl: here are other headlines making news this morning. the family of a catholic student at the center of the controversial vi viral video sug the washington post for $250 million. the paper is accused of smearing nick sandman's reputation. the team claims he was targeted because he is a white catholic student wearing a red maga hat.

a spokesperson for the post says they plan to mount a vigorous defense. president trump plans to nominate jeff rosen as his next deputy attorney general. he is currently the deputy of transportation secretary. he was a partner at a chicago-based law firm with attorney general william barr. rod rosenstein expected to step down next month. southwest airlines apologizing to travelers after cancelling hundreds of flights over the last few days. it was forced to take a large number of planes out of service through a range of maintenance issues. the company placing blame on the mechanics union. the union says southwest is trying to divert attention away from its safety issues. finally, a virgin atlantic plane reportedly breaking the sound barrier on a flight from los angeles to london. it entered a jet stream which

propelled the plane to 801 miles an hour. it arrived in london 48 minutes early. that is a fast, quick trip. lauren: 48 minutes early. score. we are halfway through this holiday shortened week on wall street. the dow is on track for the ninth week of gains. dow futures are down modestly by a tenth of 1%. coming up, 16 states are trying to bring the president to court over declaring a national emergency at the border. do they have the legal power to do so? it's going to be a messy morning for over 200 million people as a massive winter storm barrels across the country. what you need to know before you head out the door this morning. keep it here. ♪ that's right, got to love this american right. ♪ guess what day it is! huh...anybody? julie! hey...guess what day it is?

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cheryl: at th add the aclu toe

list of organizations challenging president trump's emergency declaration. this comes on the heels of a similar lawsuit filed by 16 states, led by california. the president says he's confident he will win in court. >> we're going to be very successful with the lawsuit. so it was filed. it was filed in the ninth circuit and i actually think we might do very well, even in 2 ninth circuit. it's an open and closed case. cheryl: president trump wants california to pay back billions of dollars for its failed bullet train. democratic governor gavin newsome claims the move is political res trpolitical retri. let's bring in attorney deborah bloom. let's start with the aclu lawsuit, the fourth lawsuit against the emergency declaration. they claim it is basically unconstitutional. it's in the ninth circuit. where do you predict the suit

goes? >> this could go all the way up to the supreme court. trump is taking funds by claiming that he needs military involvement. this creates the best angle of attack, claiming a need forearmed forces is weak because there isn't an influx or an increase in the amount of illegals coming through the border, terrorists, drugs, so he'll have a hard time saying he needs these funds as an emergency from the military. cheryl: on friday, three of the lawsuits are using his own words against him, he said i don't need to declare a national emergency. that might get him in trouble legally, right? >> that's absolutely a problem. he himself in his own declaration said it isn't an emergency. at the heart of the lawsuit is he's taking money that congress denied him. if this makes its way to the supreme court, generally the supreme court upholds a president's ability to declare

an emergency but they might say congress already rejected you and you're just trying to go around that. cheryl: that's all going to be i'm sure what the lawyers are going to use as their argument. let's move to the l california train. the president tweeted out this. this is kind of where this all started. i think it's where it's going to end. he said the failed train project in california where the cost over under-runs are record sett. not only did we cut the federal grant to california but now the authority is saying they want $3.5 billion back from money they gave to california for a train that's now maybe going to be going from bakersfield to mersaid. >> i don't think this is as flashy as the emergency power that trump used. at the end of the day, the train isn't being built so the argument sport supports that itt

retribution, it's just simply not working. they're not building the train the money was allocated for. cheryl: they're going to use in the ninth circuit, they could use his own words against him and the tweets he's putting out, that could be another argument. assuming this will end up in the courts between california and the administration, correct? >> i think it's going to be more interesting to follow the suit about whether he can use his emergency power to build the border wall. cheryl: that's more the interesting legal battle in your opinion. >> absolutely. cheryl: it's all good juicy stuff. deborah, thanks for getting up early. we appreciate it. lauren: or using the train money to build the wall. could work. get you closer to that 5.7 number. cheryl: that train, $77 billion was the estimate for that train from l.a. to california. take southwest airlines people. lauren: nasdaq is completely

unchanged. it's up by a quarter point. the federal reserve as reluctant to raise rates as the market thinks, we might find today. we get the minutes from the fed's last meeting. apparently celebrities are stressed out, maybe because the oscars won't have a host on sunday but the buzz today is what's in their gift bags that might help them relax. ♪ and i know why. ♪ why, man. ♪ because i got high, because i got high, because i got high.

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♪ don't leave me high. ♪ don't leave me dry. cheryl: so we've all seen hundreds of those prescription drug commercials but most of them are missing one important

thing, but that could soon change. lauren: tracee carrasco joins us with more on that. tracee: you're soon going to start to see the cost of drugs along with all of that information that they include, starting with johnson & johnson. the company will soon be including both the list price and potential patient out-of-pocket costs for its medicines in tv ads. you'll see it in the add for the blood thinner xarelto. will it help consumers or will it start to confuse them? it may not help people with insurance, given the list prices, copays, discounts, all that. when people see the costs, they may have conversations about lower cost alternatives with their doctors or pharmacist. cheryl:s that's a headline. tracee:.tracee: this is the fip for trans paren transparency. cheryl: how much does an mri

cost? lauren: how much does an oscar swag bag cost? tracee: these bags often include six figures worth of products and have nothing to do with the award show. the 2019 gift bag will feature a number of cannabis products, tied to the legalization of cannabis in l california, things like chocolates infused with thc, cbd skin care and membership to a cannabis social club along with private therapy sessions for phobia relief, lavish vacations, a tie let toit plunger, clothing, 15 sets of false eye lashes. lauren: are these developedders trying to -- vendors trying to send a message to celebrities. tracee: maybe they're stressed out. cheryl: i'm stuck on the pot facial mois moisturizer.

tracee: what does it do. lauren: relaxes the wrinkles between the eyes. thank you very much. cheryl: stop commenting, i'm going to get in trouble. coming up, bernie sanders hitting corporations and the wealthy, only minutes after he jumped into the 2020 presidential race. >> we should not have a grotesque level of wealth inequality in which three billionaires own more wealth than the bottom half of the country. cheryl: the left's 2020 vision and what it means for your wallet. and lol, australia making symbolic changes to its license plates. how aussies are getting more personal on the road. you're watching "fbn: a.m.." ♪ but first, let me take a selfie.

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lauren: we're halfway through the holiday shortened week in the u.s. the dow futures are down 43 points this morning, s&p down 3 and-a-half, nasdaq down. it was up seven days in a row prior. the ftse is slightly to the downside. the other markets are slightly to the upside. the british prime minister heads to brussels today to try to sell the brexit deal. finally in asia, sea of green, the shanghai composite up two-tenths of 1%. the big gains in hong kong and south korea, maybe there's hope we get a trade deal. cheryl: let's stay with markets. it's a big market day today. the federal reserve is going to release minutes from the last policy meeting. will they offer more clarity on jay powell's pledge to be patient when it comes to further

rate hikes and is the market too optimistic. guys. good morning. >> good morning. cheryl: todd, first to you, looking at fed funds futures right now, priced in, 0.9% or something. it's a fraction that there's going to be any rate hikes the rest of the year. i'm not sure, todd, that that's a safe bet. are we too optimistic about fed funds futures and interest rates for the year? >> good morning, cheryl. i think we're being way too optimistic. i think the markets have priced in what you're saying, which i think is well overdone. i don't think the fed can really sit that far back. if the economy is really as good as we say it is and we think it is, then it should be creating a bigger demand for money which should increase interest rates, which is actually healthy based on the economy. so i think we're well overdone and of course the magic act of the fed is now to say i think that all we worry about is what

the fed minutes are going to say or what jerome powell is going to say, versus the actual function of the market. cheryl: the market is banking on that we're not going to get interest rate hikes. the president of the federal reserve bank of cleveland, she actually said, look, if the economy stays strong based on our projections, she used the word our, she thinks and interest real estate hike is going to happen later this year and that would be a correct move for the fed. that would derail market sentiment. >> it might set it back a little bit. i don't think the fed will do too much until the 10 year gets way above 3%, maybe around 3.25 or 3.4. then they have a little bit of room to move. but until then, i can't see them really moving. i think inflation is picking up a little bit. it's possibly looking at 2.5% and so maybe that's their -- they need a little bit of a lever there to do something and it wouldn't surprise me if interest rates go up, that they do have a little bit of room to move one or maybe two times. but you have to see rates go up.

they're just not going to do it. cheryl: stay with me for a second i want to talk earnings. we heard from walmart before the bell. they had very strong sales for the holiday quarter, they're making moves when it comes to grocery and delivery, flip card. that was a strong number. they said the economy for 2018 was good for them. earnings were pretty much 80% behind us now, 16% and change year over year for s&p 500 companies. are you feeling pretty good about what we've seen? >> i think there's been a barrage of lowered earnings expectations which sets us up well for firms to continue to outperform earnings estimates now because we've lowered them. but, yes, walmart is definitely making some in-roads against amazon. they had good numbers and they're looking like they've got their house in order there to take advantage of this. but the economy is good. this is what we have to realize, is that we use the word recession a million times in december when the market was down. i haven't really heard it that much lately. that's because things are actually pretty good. cheryl: seems like we're far

away from a recession, and also i was surprised to see home builder confidence come in at the record levels that it was. it was at a four-month high for february. i would have thought that was going to go the other direction because of the interest rate jump. and also you have to wonder now, with consumer confidence kind of stabilizing, if the economy is in pretty good shape still. >> well, cheryl, i think the economy's in good shape. i think the home builders, when interest rates started to fall -- remember, the 10 year's come from 3.2 all the way back to 2.6. so that should create some of confidence because obviously it makes money easy to get for the home builders. but i think that the overall consumer confidence, if we go back to where it was, we go back years ago, we had high levels that usually signifies we're coming closer to the end than just the beginning. i would think there's a recession coming sooner than we think and i think it will tie into the fed's inability to do the right thing for the market and keep it under control. cheryl: you think the fed's going to cause a recession?

>> i don't think the fed is going to cause the recession. i think because they've kept rates so low and everything's been done, they'll be forced to raise at some point. i think the banks are finding leverage problems here because they're buying a lot of loans through all these third party lenders. i think that becomes a bigger problem. when you have to have people come out, like steve mnuchin came out and said the banks are in good shape, no problem, that's the same thing that paulson said in 2008, that everything is fine, nothing to worry about. i'm not predicting a crash. i'm just saying there are causes to think here and take a pause. these markets are kind of melting up like there's never going to be another down day again. cheryl: oh, todd. all right,ed todd, todd, doug, u very much. lauren: we are less than 1,000 points from the record close on the dow. this could affect your money, bernie sanders making his bit hd for the white house again and his progressive ideas are back at the forefront.

>> in 2016 many of the ideas that i talked about, medicare for all, raising the minimum wage to $15 an hour, making public colleges and universities tuition-free, all of those ideas people are saying oh, bernie, they'rthey're so radical, they'e extremely radical, you know what's happened? all of those ideas and many more are part of the political mainstream. lauren: joining us right now is gabby orr. sanders obviously left the imprint on the democratic party. has the party moved past him as the dallas morning news writes in an editorial, the field has been filling up with five women, four racial minorities, a little-known white congressman and a gay mayor. that is a quote. is there no room for bernie or even biden, who are older, white men, even though they can bring in a lot of money. >> i think the status quo was

bernie sanders had outdone himself in 2016 and wasn't going to run again or shouldn't run in 2020. i think yesterday proved otherwise. if you look at the reaction to his campaign announcement yesterday, he raised a record seven figures in the first three hours after announcing his campaign for 2020. so the energy is still very much behind bernie sanders, even in a democratic field of primary candidates who have already moved very much to the left and in some cases even further to the left than sanders himself. lauren: let's look at the left platform for many of the candidates right now. everything for free for everyone. do you see any candidates carving a more moderate path that can actually win the primary? >> there's definitely a few who have tried to stay away from these big promises, these progressive poulist ideas. amy klobuchar is one of those that comes to mind. if you watched the town hall she participated in early yesterday

this week, she was asked if she would support free college tuition for everyone for four years, she said that was not something she was willing to endorse at this time. kamala harris has shied away from some of the progressive ideas that others are promoting. she endorsed stopping private health insurance and she quickly walked that back. i think there's an effort among some candidates to sort of stay away from these big, radical ideas. but on the other hand, you have several democrats who were previously more mainstream, more moderate, who have definitely tacked left just to appeal to democratic voters in the primary. kirsten gillibrand is an exampe of that. she talked about wanting government guaranteed jobs, a single payer healthcare system. these are things she would have

never supported even ten years ago. now she is, just to shore up votes among the progressive voters of the democratic party. lauren: the road is long. we are only at the beginning, gabby orr. thank you so much for that. we appreciate it. >> thank you. cheryl: it goes so fast. we're back on it. lauren: i know. cheryl: here's other headlines making news this morning. fired fbi deputy director an duw mccabe who opened an investigation into president trump says it's possible that he's a russian asset. >> do you still believe the president could be a russian asset? >> i think it's possible. i think that's why we started our investigation. and i'm really anxious to see where director mueller can prove that. cheryl: president trump has slammed mccabe, accusing him of plotting a coup with rod rosenstein. cook county's state's attorney is recusing herself from the investigation into jussie smollett. kim fox distancing herself from the case as chicago police

investigate the alleged hate crime attack but it's unclear why. smollett claimed he was attacked last month by two men shouting racist and homophobic slurs. his lawyers deny reports all of this was a hoax. the fbi is looking into whether smollett sent a hate letter to himself at the empir em empire a week before the assault. elon musk says tesla vehicles are going to be able to drive themselves by the end of the year. he made the bold claim, noting the progress depends on regulatory approval. musk tweeted another prediction, that tesla will produce 500,000 cars this year with 400,000 deliveries. and it's every teenage girl's dream, australia is letting drivers personalize their license plates with emojis. for $475, drivers can choose five different types of facial emojis like smiling or winking to add to their plates.

businesses with incorporate their logos on the license plate. teen girls across australia -- lauren: i'm thinking of what i would pick. i don't know. cheryl: i like the wink. did i really cut you a off? yeah, i did. lauren: stay away from cheryl on the roads, everybody. you might want to take out the shovel. another winter storm is coming, this one causing trouble for more than 200 million americans in 39 states. thousands of flights already canceled this morning. janice dean coming up with what you need to know. ♪ all i want is a couple days off. ♪ that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere.

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cheryl: massive winter storm slamming most of the country, affecting about 200 million americans. lauren: i thought punxsutawney phil saw his shadow. an early spring. janice dean is live in the fox weather center. what's going on, janice. janice: early spring doesn't mean instant spring. let's take a look at the maps. we are getting wintery weather across portions of the northeast. that's going to affect travel, light snow in columbus, a mixture of ice across the ohio valley, perhaps significant ice for the interior sections of the northeast and the mid-atlantic region. look at d.c., several inches of snow impacting this area, so they've shut down schools, they've shut down businesses. and then we're going to worry about that icing across portions of pennsylvania and upstate new york. here in new york, one to three,

maybe four inches of snow and then it will transition into an all-rain event. we'll see the potential for snow and ice and heavy rain across portions of the deep south and mid-south and over to the west, we have another winter storm that's going to move in, bringing snow as far south as parts of southern arizona, ladies. so hold the groundhog accountable. cheryl: i want a refund. [ laughter ] lauren janice dean, thank you very much. cheryl: we have another busy day for markets. we're going to get the fed minutes later today. that could be a game changer. for now, futures point to a lower open, dow down 27, nasdaq down half a point. still ahead, congresswoman alexandria ocasio-cortez taking the democrats campaign against the wealthy to new levels with her new green deal. critics are now asking where is the beef? what it means for america's financial security. and are you wearing an accessory that makes people think you're

wealthy? millennials think so and it's probably not what you think it is. we'll be right back. ♪ what's your price per flight. ♪ in finding mr. right. why would you need to learn every detail about a company? firmness... nine. it's how ibm services helps retailers around the world drive growth and save millions. he's very into this. yeah. is that the standard amount? yes. feels good. when your partners are obsessed with business and technology, you can put smart to work.

and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome.

this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. lauren: questions still remain on the left's green new deal as we learn more about it. cheryl: the proposal includes upgrading all existing buildings, eliminating nuclear energy, free education for life, and banning meat. how much is that going to cost? doudoug mcel way breaks it down. >> reporter: gavin newsome drastically slashed his state's

high speed rail project. >> we will have wasted billions and billions of dollars. >> reporter: the protected cost ballooned to $77 billion today, a warning some say for the you'd vision of the green new deal. >> i hope to co-found a green knee deala new dealabout 15 yea. we did $150 billion of investment in renewables and a lot of that money was wasted, maybe most of it. >> reporter: even if the green new deal was fully implemented, how would it impact climate change? >> if the united states disappeared from the planet right now, the effect on global temperatures would only be about a tenth of a degree by 2100. >> reporter: germany provides a glimpse of a u.s. future with 100100% renewable energy. >> they would have spent $580 billion by 2025 on a transition to renewables. >> reporter: wind and solar require fossil fuel backup when it's not windy or sunny.

germans pay roughly twice as much for electricity per household compared to neighboring france. wind and solar require lots of land. angry neighbors are vowing to kill this proposed solar array in virginia though it's already been stripped of trees. one estimate puts retrofitting at $1.4 trillion. >> we get a return on that investment. >> reporter: sometimes the return is tragic. the greenfield tower in london was retrofitted when it caught fire in 2017, it set the building ablaze like kind link. ablaze kin ddling. lauren: doug, thank you very much. would you eat airline food if you weren't actually on an

airplane? one carrier is betting big on it. and fake it until you make it, we'll tell you how millennials are making themselves look rich. ♪ you shook me all night long. ♪ yeah you, shook me . so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings when you add select hotels to your existing trip. only with expedia.

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lauren: that might soon change on one airline. cheryl: tracee carrasco has that story. hit us. tracee: you hear someone requesting meal outside of being in airplane. ceo tony fernández said in

interview with larry king, the restaurant will be coconut milk in indonesian, items like chicken, butter chicken, a number of vegetarian options. cheryl: sounds good. lauren: i've actually flown on asian airlines, the food is not so good. [laughter] cheryl: here are s the question, are airpods considered a status symbol? >> i think they might be according to one group, apple 159-dollar headphones were released in 2016, inspiring new wave of new, according to google

trends the internet in airpods in terms of google searches were nine times higher this past christmas than it was in 2016 right after the release. people are searching for those jokes, those airpod memes more than before. cheryl: i don't get the status symbol, airpods are great, i actually like mine. tracee: you can afford, they are 150-something dollars. you can afford the high-tech, you're cool enough to have them. >> if you have a thousand dollar iphone, what's another $150 for airpods? can he recall cheryl they do work really well and i was skeptical getting the airpods because i thought i was going to lose them in 2 sec, shockingly i have not. tracee: how long have you had them? >> a year and a half since i got the iphone 10.

tracee: everybody is wearing wee airpods, i have to get them, do they work? lauren: when you told me you use the airpods your status symbol went up. [laughter] >> well, you know, whatever it takes to look cool with the kids. [laughter] cheryl: tracee, thank you very much. lauren: mornings with maria starts right now. maria: hey, ladies, good morning to you, happy wednesday, thanks for joining us, it is wednesday february 20th, your top stories right now just before 6:00 a.m. on the east coast. the federal reserve in focus today, investors look at inside look at what pushed the fed to change course, what happened with that and keep rates on hold, what it means for the market, what it means for the balance sheet all topics of discussion today, bracing for severe winter weather, the unbelievable lighting strike, a pickup truck set on fire.

we have the story. the company updating home security product allowing them to work with its voice assistance. users did not know that devices already had microphones in them, the backlash and what google is saying about that. a new way to get tesla model 3, reportedly gearing up leaking program, timeline for self-driving cars, maybe sooner than you think, mornings with maria begins right now. ♪ ♪ maria: futures indicating the market will