tv FBN AM FOX Business February 21, 2019 5:00am-6:00am EST
5:00 am
general jack keane, jason chaffetz and marc lotter among our lauren: it is thursday, february 21st. here are your market movers. is a breakthrough with beijing on the horizon. high level talks kick off in washington today. both sides are begun outlining a deal to end the trade war. democrats lay out their plan to block president trump's national emergency over the border wall but will it fly. the tables have turned for empire star jussie smollett. it could just be the beginning. the breaking developments and what could come next for the actor. cheryl: here is how your money
5:01 am
is moving at 5:00 a.m. after yesterday's muted response to the fed minutes, investors seem encouraged this morning on these trade talks, up 27 in the premarket, nasdaq is up 13. now to europe, new threats to theresa may's leadership overshadowing good corporate news in the u.k. ftse is down, as well as the cac 40. the dax index is actually up. in asia, stock markets shaking off early progress. lauren: welcome to "fbn: a.m.." i'm lauren simonetti. cheryl: i'm cheryl casone. it's a busy morning. lauren: let's start with the trade talks. they are ongoing. we have two days of high level talks between the u.s. and china, kicking off today in washington, d.c. as the clock ticks down to imposing higher tariffs on chinese goods, in eight days, on march 1st.
5:02 am
treasury secretary steven mnuchin and robert lighthizer will lead the negotiation was china's vice premier. reuters is reporting the two sides are working on an outline on the deal that would end the trade war. cheryl: president trump threatening to slap auto tariffs on the european union. >> we're trying to make a deal. they're very tough to make a deal with, the e.u. they've been difficult over a period of time, over many, many years and so it's something we think about and we're negotiating with them. if we don't make the l deal, we'll do the tariffs. cheryl: let's take a look at what's at stake with the trade talks. todd shelldy is joining us now. tori whiting as well. great to have you both here. >> good morning. cheryl: first, tori, i want to start with you on a little bit of a sticking point with what the president had to say just now that we heard. white house officials say there
5:03 am
aren't discussions on the books with the europes, ongoing. the president, there's a report he's supporting 20% tariffs in the u.s. >> you've seen the u.s. and e.u. have an intention of some sort of trade talks. the e.u. sees it as non-auto, industrial goods, leaving a agriculture out. the u.s. came out with the negotiating objectives and they want a full scale trade agreement with the e.u. i think before you can see movement with u.s. and e.u., they need to figure out what they're going to be negotiating. cheryl: is this dangerous for the administration? this is where we were over a year ago and markets didn't like this process where you had the president going after china, the north korean negotiations, nafta was being blown up at that moment and that made investors nervous. does all of this now make you nervous as you watch your markets today? >> no, i mean, something will be done. obviously something's going to be done with china. something will be done with the
5:04 am
european union. there's a difference here. for some reason, looks as though the chinese will be more willing to deal than the european union. take theresa may for example and all the difficulties she had with the politics of no. the european union socialist regulators are really a big problem as of late. they make nancy and chuck look like they're willing to deal, right? what's happening in p europe i think will be a bigger deal than what's happening in china even though we're talking about a smaller thing. ultimately there will be a deal done. president trump is in a place to know, seeing what theresa may has gone through, how difficult europe may be. cheryl: he had the discussion going on for quite some time. many would tell you the chinese have been unfair. what the reuters report reported was there are memorandums of understanding, there's several one that's are being drafted in washington, it's cyber theft, forced technology transfers, but currency man i'm manipulation,t
5:05 am
that was interesting. steven mnuchin supposedly is saying you've devalued the yuan last year, and that's something he wants changed or it's no deal. >> seeing that the memorandums of understanding are on the table is a pos positive thing. what also needs to be on the table is the removal of the tariffs that have been imposed so far. americans are paying significantly higher prices when they buy things from china today than they were a year ago. that cannot stay in place. it's great to see the administration focusing on tech transfer, but we need to pay attention to reducing and eliminating the taxes on the american people. cheryl: that might be a short-sighted view. i say that because these are long-term problems that have been going on for decades. the other thing, nontariff barriers, i think this is crucial, this is american companies that want to do business, visa, mastercard, mnuchin supposedly a according to sources has brought that up,
5:06 am
subsidies, excessive regulations and review procedures they put on any american company trying to do business in china, they stop american companies at the border. doesn't that need to end, scott? >> it's got to end. other administrations, democratic and republican, have all given lip service to this but have not wanted to upset the status quo. donald trump's come in and as a business man, he's seen how unfair the practices have been from china for the last 40 years, not just to the u.s. to other big world economies. so what he wants to do, this is going to be his legacy, he wants to change the you way the world trades with china and there's going to be difficult times in the beginning. attend -- think about this, how well is the world economy going to do if we get china on board and they start to trade freely. that's really going to open things up. cheryl: you would see a global stock market rally i believe like you do that would be unprecedented if we get a real deal with china in place, something substantial. we're hopeful at this point. we'll see what happens.
5:07 am
thank you for getting up early. we appreciate. you want to tune in later today, at&t's chairman and ceo, randall stevenson, is going to be on "mornings with maria." do not miss maria's exclusive interview at 7:00 a.m. eastern time. lauren: minutes from the federal reserve's last policy meeting indicates that the central bank will be patient when it comes to raising interest rates. cheryl: we get all the latests from jennifer. >> reporter: the federal reserve hitting the pause button on further rate hikes for some time, given muted inflation and uncertainty about the economic outlook. internal discussions among fed officials revealed policy makers see few risks to leaving their benchmark interest rate at the current level now. many members are unclear what adjustments they'll make to rates later this year. several feel they should only raise rates if inflation jumps and right now many feel inflation pressures appear muted, despite a strong job market.
5:08 am
overall, the fed expects economic growth to he slow down this year. more towards what they call trend or around 2%, due to softening in consumer and business sentiment, slowing global growth and tightening financial conditions. officials fee financial conditions are materially tighter than several months ago. fed officials noted the partial government shutdown presented a significant hardship for many families. lastly, the fed wants to stop its balance sheet runoff later this year. back to you in new york. lauren: we have a guest coming up on this, i'm going to ask were the minutes less doveish than the decision. lyft is reportedly planning to list shares on the nasdaq next month. they submitted the ipo paperwork with the s.e.c. last year. lyft is expected to make the filing public as early as next week and lyft could be valued at up to $25 billion. wall street journal analysis finds that many silicon valley
5:09 am
startups give employees stock options ahead of an i.p.o. and workers get a 30% discount on the shares. cheryl: a lot of interesting comments coming up later in the show. now to this, new york congresswoman alexandria ocasio-cortez slamming her critics or at least responding after this new billboard in times square about the failed amazon deal was put up. here's what it says, amazon pulled out, thanks for nothing, a.o.c. as you can see, the billboard talks about the lost jobs. uke ukocasio-cortez tweeting few things effectively communicate the power we have fighting policies. the billboard was funded by the job creators network and the group's president was on after the bell yesterday, criticizing a.o.c. >> she thought there was a $3 billion check written to amazon basically for this. we know there isn't. it was an incentive. when you look at the math, i'm
5:10 am
not a math major, but it was $27 billion in revenues that were expected to come over a period of time. cost of $3 billion, $24 billion, i don't know, that sounds like a pretty darn good deal. cheryl: that billboard will be up until next week. lauren: here are other headlines this morning. authorities detabling a member of the coast guard for allegedly planning a terrorist attack. he was arrested on charges of illegal gun possession with more than a dozen firearms, ammunition, and a hit list of democratic lawmakers found in his maryland home. he is expected to appear before a judge later today. the united states blocking the return of an isis bride, this 24-year-old alabama woman left to join the islamic state in 2014, marrying and having a son in syria. the trump administration is disputing her u.s. citizenship, denying her entry into the united states. her family preparing a legal challenge. well, for more on the white house response to all of this,
5:11 am
secretary of state mike pompeo wilbe on "mornings with maria" t 7:30 a.m. eastern this morning. johnson & johnson has been subpoenaed by the feds about the safety of its baby powder and other talc containing products. the subpoenas follow reports in december that j&j knew for years that some of its talcum powder contained asbestos. the company denied those claims. censoring your searches search n electricitpinterestis blocking r vaccinations. mosif you haven't had your breakfast yet, how about a slice of pizza. cold pizza. it's reportedly healthier than cereal. the protein packed punch and the ability to keep you full is the
5:12 am
reason. cheryl: they put so much sugar in cereal these days, i kind of see the guy's point. lauren: me too. cheryl: we've got optimism as trade talks continue to get underway and the high level talks in d.c. start today. dow up 37, s&p up 3 and a quarter, nasdaq up 15 and a quarter. coming up, is it time to invest in avocado toast? with more millennials than baby boomers out there, what's really driving the economy? we'll break down the stocks to watch. and breaking up is hard to do, but now there's an app for that. how you can make that little heart ache a little easier. you're watching "fbn: a.m.." ♪ with expedia, i saved when i added a hotel to our flight. so even when she grows up,
5:13 am
5:15 am
5:16 am
refreshes, the fed reassuring investors they will be patient with interest rate increases. hillary kramer is the president and chief investment officer at a & g. should investors bank on an interest rate pause throughout the year or maybe a cut? >> we might have one, but the federal reserve has certainly told us that they're on hold, they're acday continu accommoda. lauren: there's a higher probability they'll cut interest rates? >> i think cut wa cutting woulde extreme, especially since chairman powell was adamant he had to put on the brakes and start tightening. absolutely, this has been a switch and the federal reserve is concerned now that there is global slowdown and, therefore,
5:17 am
it's necessary to make sure those rates stabl stay staight e anstable and theydon't do anythn the stock market like what happened in december, after the two rate rises reported in 2019. we don't want any bad christmases again. lauren: were you satisfied that the minutes helped to explain the u-turn by powell and the fed. >> the federal reserve said we looked at full employment, there was no slack left, so therefore we went and we decided that we're going to have to start raising but now they've looked around and realized that between the trade talks, the jitters in the market and concerns about of course -- most of all i think it comes down to the march 1st deadline, chinese, u.s., even if it's kicked down the road a bit. lauren: end of the year, what do you see for the stock market?
5:18 am
>> we will definitely end the year only single digits up because we've made up most of the ground in january, so expect certainly s&p and dow looking strong, nasdaq of course -- fang has still been kind of a real laggard for us, not one to invest in now. lauren: i was looking through some of your stock picks, some of them are pretty interesting. care to share? >> yes, i love colotto growers, cgbw. avocados. what i'm doing it looking at stocks that satisfy millennials, baby boomers. now it's a stock picker's market. we've already gone up as much as we can on the general indices. look at cologo, long-term, avocados are a new trend. it's what everyone is going for. you want to buy, especially at 83. look at how it's come down. you want to own a company like
5:19 am
chubb. everybody needs property insurance. this is the rolls royce of owning insurance. lauren: hillary, thank you very much. people even put avocados in their coffee. just so you know. cheryl: still ahead, hate crime on the horizon, police closing in on empire actor jussie smollett after he allegedly faked a story about being attacked by trump supporters. the new charges just approved. and what is old is new again. samsung just debuted a new phoe with a hefty price tag, is it really worth all the hype? we're going to look at that. you're watching "fbn: a.m.." ♪ all the small things. ♪ true care. ♪ i'll take one less. uh-oh!
5:20 am
guess what day it is? guess what day it is! huh...anybody? julie! hey...guess what day it is? ah come on, i know you can hear me. mike mike mike mike mike... what day is it mike? ha ha ha ha! leslie, guess what today is? it's hump day. whoot whoot! ronny, how happy are folks who save hundred of dollars switching to geico? i'd say happier than a camel on wednesday. hump day!!! get happy. get geico. fifteen minutes could save you fifteen percent or more. get happy. get geico. (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in.
5:23 am
♪ shiny, happy people, holding hands. ♪ shiny, happy people, laughing. cheryl: it's shiny. yesterday samsung revealed the new smartphone that is actually a flip phone. is it as ground-breaking as it seems. lauren: tracee carrasco, is it as ground-breaking as it seems. tracee: let's start with the price tag, nearly $2,000, $1,980 for this new ga galaxy fold, ita regular smartphone that can fit into your pocket, you open it up and it's a mini tablet with a flex display. it could be the perfect device for multitaskers. it has an app continuity system to adjust apps when you move between the tablet and phone mode. it's got a triple camera system
5:24 am
and a 16 mega pick picks pixel e camera and a covered camera for selfies, of course. lauren: it's a lot of cameras. tracee: a lot of cameras, a lot of money, available starting april 26th. lauren: new parents might be in luck this saturday. what's going on? tracee: car seats, strollers, cribs, toys, there's a lot that goes into a baby. lauren, i'll sure you can tell us this. walmart wants to help parents out. select walmart stores will host a baby savings day february 23rd. there will be free samples, coupons, special sales and rollbacks in-store and online. stores will also have specialists on-hand to provide soon to be parents demonstrations on baby gear and advice on chooseing the right products. cheryl: tracee, thank you very
5:25 am
much. lauren: i used to youtube. it's confusing. markets somewhat confused about what to make of the fed minutes yesterday but up four days in a row, dow up 29 for futures, s&p up 2, nasdaq up nine days, if the gain holds today, it's up 13 and a quarter points now. coming up, democrats say they have a plan to put an end to president trump's national emergency over the southern border but does it hold any weight or is it just political peacocking? we discuss. plus, with the national debt soaring above $22 trillion, one group has come up with an interesting plan to ease the burden. but one state not happy about it. you're watching "fbn: a.m.." ♪ never be your beast of burden. ♪ driverless cars. all ground personnel please clear the hangar. trips to mars.
5:26 am
$4.95. hydroponic farms. robotic arms. ♪ $4.95. delivery drones or the latest phones. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. no matter what you trade, at fidelity we see two travelers so at a comfort innal with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. book now at choicehotels.com
5:29 am
investors seem encouraged this morning on trade talks happening in d.c., dow up 20 in the premarket. europe, new threats of theresa may's leadership overshadowing good corporate news in the u.k., the ftse down nearly 1%. now to asia, shaking off early losses overnight after that reuters report that there is progress happening between the united states and china. lauren: house democrats are introducing a resolution to block president trump's emergency declaration to fund the border wall. let's bring in daily caller video reporter, a, anders to discuss this. there is legislation being initiated tomorrow to block the executive action at the border and nancy pelosi is saying this, all members have taken an oath
5:30 am
of office to support and defend the constitution. the president's decision to go outside the bounds of the law to try to get what he failed to achieve in the constitutional legislative process violates the constitution and must be terminated. we know that 90 representatives have signed on. what do we expect to happen? >> i mean, this is pretty clearly just political theater. it's probably going to pass the house. it's feasibly going to pass the senate. it's going to have a difficult time there with republicans and mitch mcconnell. at the end of the day, even if it passes the senate, it ends up on the president's desk. no one is under the impression that president trump is going to sign this bill. he's clearly going to veto it and it's going to die and it republicans know it, nancy pelosi knows it. everybody knows it. this is house democrats wanting to get on record that they don't approve of president trump's move here. they want to be able to tell their constituents they tried to do something and this is their way of doing something. lauren: what happens with the senate with republican republics
5:31 am
who are up for re-election in 2020, do you see any of them maybe defecting with the party? >> i do see -- i think if it passes through the senate, that's going to be how it happens. we saw earlier with the first shutdown that six republican senators defected to the democrats against trump's wishes and so that could create a route for it to pass in the senate. this isn't going to become law. this isn't the way they're going to block trump. if trump's emergency declaration does get blocked it's going to be through the judiciary. 16 states have already filed lawsuits against president trump's declaration and more than 100 other lawsuits have been filed and so before the declaration, this was -- we already knew if it gets stopped it's going to be through the judiciary and that still is true. lauren: there are roadblocks now in congress, and in the courts, so how does this play out and what's the time frame for everything? >> it's going to be a long
5:32 am
fight. it's going to be a really long fight. i would say that the declaration will get held up in courts for months, maybe even more than that, and i would say that if i were a betting man, i would say president trump probably won't get this monday and that it will be blocked through the judiciary. lauren: all right. thank you for coming on this morning. >> thanks for having he me. cheryl: well, samsung unveiling its fresh lineup of galaxy devices including a foldable phone for nearly $2,000. are they making the same mistake that apple did? let's bring in dan ives. is samsung making a mistake? >> it comes down to the price point. i think that is the real issue here for samsung as well as apple. i think they're going down that i think dark road from a pricing perspective. cheryl: apple taking a different route here. they're getting more into becoming a services business,
5:33 am
apple new circumstance itunes, the app store, they're really going for different revenue streams. samsung seems to have challenges in that regard. >> they have an uphill battle. apl pell, the key is the installed base, you have 1.4 billion active devices. they're trying to monday ties that from a services -- monetize that from a services perspective. that's the key for apple. it rests on iphone demand. that's where samsung continues to be challenged. cheryl: it's interesting what apple is doing. they're going to be launching a streaming service. they've invested at least a billion dollars, that's the report, to launch this in april. they want to go up against hbo. they're hiring actresses like reese witherspoon, oprah winfrey. apple is putting its cash to go after, frankly, netflix, to go after hulu. they'll have show time available on their -- i can watch it through apple on my iphone if
5:34 am
i want at the doctor's office. this seems to be a pretty good bet, dan. >> it's a huge bet, something that i think is long overdue. we believe apple is going to significantly double down in a major content acquisition later this year, either a film studio, mgm, sony, a24 or a larger deal like cbs, viacom or even netflix. it's an arms race in terms of content. this is the first step for apple to make that big bet. cheryl: i want to switch gears to google. they're planning to unveil basically a netflix-like gaming service. they want to go up against the x-box, they want to grab that fortnite crowd, if you will. google and the alphabet is the parent company, we're watching the stock in the premarket. do you think that's a smart bet and could that disrupt video games? >> yeah, i think you're seeing that across the board in terms of disruption. i think google making that bet, like they're doing in cloud, that's going to further expand market opportunity to consumers. you see what's happening gaming,
5:35 am
what fortnite's done to the gaming industry. guys at google, microsoft, potentially apple, i think you're going to really double down and potentially go after that video game market. i think it's a smart move for google along with cloud. cheryl: i'm learning all about fortnite. you would be proud of me. didn't know what that was two weeks ago. i'm kidding. ism getting there. i haven't played a video game since a atari. even old fox can learn things. lauren: we start with this, empire actor jussie smollett set to appear in court this afternoon. he's now facing felony charges for allegedly filing a false police report in connection with his claim of being attacked late last month. so far, smollett has not surrendered to police and his legal team is maintaining that he's innocent. as for his role on the show empire, one report says producers are considering suspending him. in the meantime, new developments in the russia
5:36 am
investigation, fox news learned that the special counsel, robert mueller's probe is wrapping up soon with william barr confirmed. the report suggest this probe might be ending soon. it's unclear whether the results will be made public. it's up to william barr. a date is set for michael cohen to appear on capitol hill. he will testify next wednesday before the house oversight committee. plus, newly revealed testimony shows the fbi's former top lawyer believed hillary clinton should have faced charges over her use of a private e-mail server until pretty late into that probe. fox news reporting that james baker told lawmakers he initially thought clinton's behavior was, quote, alarming. and here's an unusual way to pay down the national debt. a petition on change.org is calling for the u.s. to sell the state of montana to canada for
5:37 am
$1 trillion. so far, it has more than 11,000 signatures, cheryl. cheryl: let's take a look at futures as we go to break. right now looking like a positive start to your morning. we shall she how the market opens. s&p is up 1 and-a-half, nasdaq up 11 and-a-half. still ahead, taking aim at big banks, how democrats and the new congress are trying to rein in wall street. and some yankee fans were hoping to see manny machado in pinstripes but not thi this lite guy. >> i don't want donaldson, i don't want any of those guys. cheryl: wait until you hear his thoughts on tom brady. more of this young fan's hilarious response to his sports teams. you're watching "fbn: a.m.." ♪ as a fitness junkie, i customize everything -
5:38 am
bike, wheels, saddle. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (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.
5:39 am
5:40 am
lauren: top democrats are taking a hard look at ways to limit the popular stock buybacks. senate minority leader chung chk schumer and bernie sanders say companies are benefiting at the expense of their workers. >> be a responsible employer, take decent care of your employees, and don't use this whole process just to enrich people who are already
5:41 am
phenomenally wealthy. >> 83% of the profits of the major companies of america went to buybacks and dividends and that leaves 17% for the workers, for productivity, for new investment. cheryl: banks are also coming under scrutiny. we get that part of the story from our very own hillary vaughn. >> reporter: good morning. progressives in congress are making pricey promises to push their agenda, pledging plans like universal income, medicare for all and free college. so they need a way to pay for it and a lot of them are eyeing banks. brian shats is proposing a transaction tax on trading volume, hoping to fund things like the green new deal or free college tuition. presidential hopefuls are getting on kirsten gillibrand and bernie sanders back ideas that tax trade. the congressional budget office say the revenue from a tax on
5:42 am
the value of a securities trade could raise about $777 billion over a decade but critics argue a trade tax makes capital more costly for p companies and so they would raise less money and markets would lose liquid at this. markets aren't the only ones. marco rubio saying he could introduce stock buyback legislation in a few weeks because he thinks corporations use buybacks because they have a tax advantage. elizabeth warren and bernie sanders are pushing for their own reforms on buybacks. other policies on the table, a crackdown on the super rich, dems turning up growing support for a tax on the ultra wealthy and extra tax on big banks, ideas that used to be considered extreme and now are the mainstream in the democratic party. lauren and cheryl. cheryl: thank you very much, hillary. we should add that marco rubio tweeted this, quote, more money has been extracted by
5:43 am
shareholders of nonfinancial publicly traded companies and has been reinvested in 14 of the last 15 years, that's why rules should be changed to put dividends and buybacks on level footing. let's take a look at this issue with david nelson, chief strategist with bell point asset management. this seems to be looking like it's going to be a big issue for the 2020 2020 election, anothey that the democrats, i'm thinking about bernie sanders and chuck schumer to go after corporations and say you can't trust big companies, they're out for themselves. >> i think marco rubio has a better plan. he wants to level the playing field between cap gains and dividend income to maybe change corporate behavior many when you dig down, you start to realize the reasons stock is bought back, it's more sinister. it's a way for the corporation and the ceo to make their bonus and simply goose the bottom line income. but it does absolutely nothing
5:44 am
for income. it does a absolutely nothing for sales. all you're doing is boosting earnings per share based on the share count going lower. cheryl: there's been a seed change when it comes to stock buybacks. in 2018, about a trillion dollars in stock was bought back. and we should say that one of the criticisms coming from the democratic side in particular is that this is because of the 2017 tax law. is that a fair connection that they're makeing in. >> i don't think so. because stock buybacks have been made since the dot-com bubble. before 1982 stock buybacks was considered stockman i'm layings. the dot-com bubble, stock options, the buyback of stock helps offset the dilution. that's part of the reason they do that. cheryl: you say ibm and cisco are examples in the past of companies that have taken unfair advantage of the stock buyback. you also cite apple. you say apple is a company where it maid sens made sense for theo
5:45 am
initiate a buyback. how do we make the distinction? >> in the case of apple, that's easy. the cash level is so large, probably couldn't possibly invest all that cash. for cisco, they've been buying back stock to offset stock option grants since the dot-com bubble, billions of dollars worth of stock at higher prices, ibm much the same, $13 billion a year. cheryl: i have a feeling we'll be talking a lot more about this between now and 2020. thank you very much for being here. lauren: coming up, it was a matchup everyone was talking about, duke versus unc, but it's not the game that is in the spotlight this morning. why nike has some explaining to do and a massive winter storm is causing headaches across the country. you won't believe where it is headed next. you're watching "fbn: a.m.." ♪ where the wind blows, it's
5:46 am
wonderful. ♪ everything is shaking, you're making it so beautiful. ♪ it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event. now through february 28th. only at your authorized mercedes-benz dealer. with expedia, i saved when i added a hotel to our flight.
5:47 am
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. select hotels to your existing trip. 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.
5:49 am
cheryl: a major snowstorm is set to bury parts of arizona and new mexico. lauren: let's go to janice dean in the fox weather center with the latest. hi, janice. janice: that storm that was on the east coast is finally exiting but we have a new one developing across the west coast. taking a look at the temperatures, still feels like wintertime for win much of the country. it's 35 in memphis. that storm system is finally exiting. we do have a trailing cold front along that front. we could see showers and/or thunderstorms. this is our next weather maker
5:50 am
across the west. this one's going to be significant because it's going to move into parts of the southwest, so the southern rockies, tucson, arizona is under a winter storm advisory, a winter storm warning, they could get several feet of snow across the mountains of the southern rockies. that's why this is significant. some of that energy is going to go across portions of the northern plains and the upper midwest as we head through the next couple days. still remaining quite cold for much of the country with the exception of the gulf coast. florida looks wonderful. 87 degrees on friday for orlando. back to you, ladies. lauren: that sounds pretty good to me. cheryl: florida's sounding pretty good. thank you very much. lauren: the biggest matchup of the college basketball season was last night in north carolina. things did not go as expected. cheryl: jared max has that story this morning. >> what a night it turned out to b duke against north carolina,
5:51 am
the cheapest tickets, they were going for over over $2,500. the former president was even in the house for that one. 36 seconds into the game, watch this. duke freshman zion williamson would injure his knee after his foot plants the rubber sole from his nike sneaker goes flying, the signature shoe of paul george. he missed the rest of the game. it's said to be a mild knee sprain. he'll miss about a week. duke crushed by 16. former president obama say zion go flying. look at that. i mean, just hard to believe that this would happen with that nike sneaker and eventually nike would send out a tweet, just like puma, puma sent one out said wouldn't have happened in pumas. the tweet got deleted. nike, whose shares are lower in
5:52 am
premarket trading, said the quality of our products is of utmost importance. we are working to identify the issue. have to figure nike will hope its $150 collie kaepernick jersey will hold up better than the sneaker. it looks like an oakland raiders' jersey. that's the new one. $150. when news broke of manny machado signing a 10 year, $300 million deal with the padres, the news was delivered to fans at yankee spring training. watch how one young fan responded. >> you're not going to take a guy you hate to another team. it's kind of like taking tom brady from the patriots and adding him to the dolphins. it just doesn't happen. >> it just doesn't happen. lauren: i'm scared of that kid when he's like a 20-year-old fan. >> the second they told the news, he started going off.
5:53 am
he said what, you can't do that. cheryl: cute kid. thank you very much. you can catch the sports reports 24/7, sirius xm channel 115. lauren: futures relatively flat. they are higher, dow and s&p up several days in a row now, dow up 19, s&p adding on just a point. still counts as a gain. coming up, facebook may face criticism over spreading fake news, doesn't look like it's phasing mark zuckerberg, we've got his latest comments that have some folks scratching their heads. there are dating apps for farmers, even for cow these days. what about couples who don't want to date each other anymore. one app is trying to make breaking up a whole lot easier. ♪ get over it. ♪ get over it. ♪ all the comments --
5:57 am
♪ ♪ lauren: mark zuckerberg has fresh ideas for social network. cheryl: here we go again, tracee carrasco. tracee: a lot of people are qon fused with the ideas, that was mark zuckerberg's resolutions to have those conversations, crowd sourcing for third-party fact-checking partnership, zuckerberg emphasized he was not announcing any new program but describes the general direction that he wants to go. meanwhile in the uk today zuckerberg is coming face to face with jeremy wright, wants to regulate facebook. cheryl: he has problems. tracee: the fact that he hasn't showed up to meetings, big
5:58 am
problem. breaking up is hard to do. tracee: on demand in new york city which helps with logistics of a break-up. packages range from 99 to $500, help you pack up, find new housing, assist with changing address, utilities, social events to help the new single stay busy, the company launched on valentine's day. they plan to roll out to other cities, la, chicago, dc in the coming years, so many could you please live together and when they decide to break up, there's a lot that comes along with that. i think it's a great service.
5:59 am
lauren: tracee carrasco, thank you very much. cheryl: thank for watching fbn:am, mornings with maria starts now. maria: good morning, everyone, i'm maria bartiromo, thanks for joining us, happy thursday to you, thursday 21st, stories before 6:00 a.m. on the east coast, possible china breakthrough, reports this morning say u.s. and china are outlining commitments on the toughest issues on trade dispute ahead of today's talks in washington. thanks for nothing, that's the message one group is sending to congresswoman alexandria ocasio-cortez over her antiamazon stance and it's on billboard in times square today. as you heard up, breaking up it's hard to do, one start-up helping with heartbreak. mornings with maria begins now.
6:00 am
♪ ♪ maria: all right, markets are higher, this is probable write near high of the morning, up 30 points for dow jones industrial average, and the nasdaq up 16 points. top story this hour is hq2 backlash, new york freshman congresswoman alexandria ocasio-cortez blasted this morning over amazon's decision not to build the second headquarters in new york city. the job creator's network unveiling billboard in times square, saying this, thanks for nothing aoc, 25,000 lost jobs, $4 billion in lost wages and $12 billion in lost economic activity, thanks for nothing,
167 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on