we thank you for being with us. good to see you, see you tomorrow. good night from lauren: it is tuesday, februar. president trump set to arrive in hanoi in hours for a historic second sum 34eu summit with kim. eloy long inyelon musk under hor another tweet. and a shocking investigation into the dark side of facebook's content moderators where they're developing p.t.s.d. and what facebook has to say about it this morning.

lauren: here is how your money is moving at 5:00 a.m. investors watching two sets of negotiations, north korea and china. they're seeking clarity. dow futures down 82 points, nasdaq down 27. in europe, theresa may considering extending the brexit deadline past march 29th. a sea of red in europe, in fact, the ftse in london is down 1%. and stocks in asia closing in the red as well. the shanghai composite shedding some of yesterday's big gains. cheryl: lots to talk about this morning. we would like to welcome you to "fbn: a.m." and good morning. i'm cheryl casone. lauren: good morning. thank you for joining us. i'm lauren simonetti. let's get right to it. president trump is set to land in vietnam in just a few hours from now for his summit with north korean leader kim jong un. veal a live -- we'll have a live report in a few moments. elon musk is back in the spot light again this morning.

the securities and exchange commission wants a federal judge to hold musk in contempt for violating a fraud settlement over a tweet that he p sen senta few weeks ago. cheryl: musk tweeted, quote, tesla made zero cars in 2011 but will make 500k in 2019, meant to say annualized production rate at the end of p 2019, probably around 500k. tesla shares, folks, fell about 4% in extended trading over all of this and remain under pressure in the premarket as part of last fall's settlement with the s.e.c., musk did agree that tesla would have oversight and preapproval over his tweets that are material to the company after he tweeted funding secured, about going private. what is the potential legal damage to musk and the company. let's bring in attorney missy

merris. how much trouble is he in? >> tesla has conceded that the tweet did not go through the preapproval process that was set forth in the settlement agreement. so the s.e.c. has a really strong argument for contempt. the he question is, what will a federal judge do? federal judges in these types of cases have a lot of discretion in how they're going to actually punish musk. my guess? you're going to see a fine, coupled with a very, very stern warning that if you do this again, we will not be so kind. cheryl: here's the warning from the s.e.c. i want to give this to our viewers. they are not mincing words. he published inaccurate and material information about tesla that has over 24 million twitter followers and made inaccurate information available to anyone with internet access. the courts don't like when folks disobey their court orders. judges don't take light to this. looks to he me like they're

furious. >> absolutely. federal judges don't like it when you disobey orders and you pay. in addition to what the put forth in the statement you just read, remember, elon musk appeared on a 60 minutes interview and essentially said that he wasn't really abiding by this process for vetting his tweets, which, again, was put into the legal papers that the s.e.c. sent to the federal courts. so that's going to also be a sticking point. hey, look, are you making a good faith effort to follow this settlement agreement? if the answer is no, you're going to see harsher penalties. i think you're going to see a fine and the stern warning i'm talking about, cheryl, it could lead to a ban if there's another violation. cheryl: he better tread carefully. at least they could ban him from twitter. i think a lot of shareholders might appreciate that at this point. thanks for the legal perspective on this story this morning. lauren: let's pick it up right there. what do shareholders thinker dot

all this? >> i'm sure they're used to elon musk's antics. the fact they would think he would never tweet again anything like this would be more surprising. i would say if you're in tesla long, you've got to be in it for the long haul. you're going to see a whipsaw like this. it's been going on for years. it can't seem to break out of a range, hasn't fallen under that range. lauren: it did in august when we got that other controversial tweet, the taking tesla private one for $420. that's when the stock that was the high 3's. after that we saw tesla lose about $20 billion in market cap. it's down 3.3% right now at 288 and change in the premarket. elon musk is losing his investors' money. >> elon musk isn't going to go

down without a fight. if he's going down, he's going down swinging. he doesn't want to give up his position. when you think of tesla, you think of elon musk. i think he'll hang on. he'll pay the fine, whatever it is. will they keep him under control? probably not. i think the 60 minutes interview was damning. it's still in an uptrend, tesla is still in an uptrend. when you look at how the market sold off in december, tesla looked better than the market in the month of december. lauren: are you concerned about his disregard for regulators and the s.e.c.? >> he voiced his opinion on that, clearly. he said that in the 60 minutes interview as well. he doesn't think too much of the s.e.c. it's all about what the judge is going to say. the judge does have discretion in this period. if it happens again, again it will be whatever that judge happens to be. s.e.c. or no s.e.c., he doesn't seem to want to abide by their rules particularly. they'll go back to say well, we said this in the earnings calm.

that's what tesla's argument is going to be. lauren: melissa, thank you for joining us this morning. you like tesla, you think it's an up-stock, we'll take it. cheryl: president trump is set to land in hanoi in just hours. he's gearing up for summit 2.080 with kim jong un. that starts tomorrow. lauren: ed henry is live from hanoi, vietnam. hi, there, ed. >> reporter: good morning. it's interesting because kim jong un is already here on the ground. he had a pretty long journey from pyongyang to here in hanoi. the train ride is two and-a-half days just to get here. he's now on the ground, gone to his hotel. he's got his deeing gas statio . president trump will be landing here in a couple hours, a journey of 8,000 miles from washington. you've been hearing from democrats back in washington, you've been hearing from the mainstream media raising questions about will the president give away the store,

will this be a whole lot of photo ops, not a lot of substance. that may have been the case in singapore where it was breaking the ice between north korea and the u.s. president trump has made it clear, he's optimistic he can get something done in hanoi, more than symbolism. what would that mean? clearly, the agreement they signed in singapore suggested a move towards denuclearization by north korea. the u.s. intelligence community suggested since last june when that was signed that north korea's been cheating, that they haven't followed up on actually moving to dismantling their nuclear arrests arsenal. what has to happen on the ground is president trump taking steps, pushing back, trying to get north korea to start moving towards actual denuclearization. obviously one of the tools he has to do that, the carrot, if you will, is the idea of maybe lifting u.s. sanctions down the road at least to help rebuild the north korean economy which is in desperate shape and frankly that's why vietnam as you both know was chosen as the

host for this summit, because you've got a communist country here that has been moving towards some forms of capitalism, opening up the economy, some economic reforms. this may be giving kim jong un a little window on what the north korean economy could look like. communist government, but possibly some economic reforms down the road but, again, president trump has made it clear, they've got to denuclearize before the u.s. sanctions are lifted. lauren: and agree on what that really means. thank you very much. tune in for a special early edition of "fbn: a.m." on thursday, 4:00 a.m. eastern time. we will be here overnight to bring you the breaking developments from hanoi. cheryl: well, now let's move to the latest in venezuela. a journalist was detained for several hours in venezuela by disputed president nicolas maduro. the incident happened after ramos, an american citizen, showed maduro video of children looking for food in the garbage.

ramos and his crew were eventually released but their equipment and their tapes were taken. lauren: amidst all of this, vice president mike pence is meeting with the opposition leader in hopes of bringing change to the socialist country. the vice president promising stronger sanctions against maduro government officials. vice president pence also telling trish regan that military action is a possibility. >> president trump has made it clear that while we hope for a peaceful transition, we hope that diplomateic and economic pressure and the voice of nations around the world will result in a peaceful transition, all options are on the table. lauren: reports say over the past few days at least 270 soldiers, national guard troops and police officers have defected from venezuela to colombia and brazil. bernie sanders drawing some heat for refusing to call maduro a dictator. did you guys see this? sanders telling cnn there are

still democratic operations taking place in the war-torn country. cheryl: here are otherred other headlines this morning. the house will vote on a resolution today to block president trump's attempt at funding the border wall. democrats are pushing the resolution that would terminate the president's national emergency declaration. the bill would need two-thirds of the house and senate to override a veto from the president. executives from some of the biggest pharmaceutical companies will face questions on cap l toll hilcapitolhill today. they will be asked how they noon reduce drug costs for customers. and a cnn town hall last night,

bernie sanders shedding light on his medicare for all plan. >> will these people be able to keep their health insurance plans, their private plans, through their employers? >> that medicare card will allow them to go to any doctor that they want, any hospital they want. you know what else? they're not going to be paying private insurance premiums. cheryl: sanders estimates his plan would cost $1.38 trillion per year. economists have put that figure a lot higher. that's what's happening now. lauren: we are seeing stocks give up some of the gains we saw yesterday. all of the big rally yesterday did fizzle into the close, futures down 84 this morning, s&p down 7, nasdaq down 28 points. a former federal reserve chief not holding back. >> do you think the president has a grasp of macroeconomic policy? >> no, i do not. lauren: so who understands the economy better? janet yellen who you just heard

or president trump? plus, what can we expect from current fed chair jay powell when he testifies on capitol hill today? and democrats say it's not about the cost, it's about the investment. but wait until you hear how much of an investment the green new deal would cost the average american family, when we return. ♪ like diamonds in her eyes. ♪ i thought we had a million but, baby, we've got nothing. ♪

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cheryl: the former fed chair janet yellen delivered harsh words about president trump. in an interview with npr's marketplace, yellen questionedded trump's grasp of economic policy. >> i doubt that he would even be able to say that the fed's goals are maximum employment and price stability, which is the goals that congress have assigned to the fed.

cheryl: trump declined to reappoint yellen to the fed last year. he criticized jerome powell for raising interest rates. yellen added that trump's attacks on powell make it harder for the fed to do its job. let's bring in joe shroka of nova point capital. what do you make of her comments about the president may not understand what the fed does? >> i don't think it's so much that the president doesn't understand what the fed does, it's the president's fixated on job creation. jobs equal votes. jobs equal happy americans, better stock market prosperity. i think the fact that one of the fed's charters is maximum employment, he thinks they should be doing whatever they can to support his agenda to create more jobs. cheryl: also in that interview, she talked about the fact that this is a dangerous place to put the fed in, that some of the policies and directives from the president have actually endangered the economy overall and that that criticism of the fed and jay powell is just

another hit to the economy overall. is the president's words having an effect? >> well, i'm not a big fan of the president taking to twitter to criticize chairman powell. i don't think that's productive and i do think it causes confusion in the marketplace. at the same time, i think chairman powell's does a good jf keeping the fe fed independent. cheryl: i want to show something to this point. the president has tweeted several times against jay powell. this one i thought was.innocent. poignant. he said the fed doesn't understand trade wars or strong dollars, even democratic shutdowns over borders. that's one of several he made against them. at the same time, jerome powell is testifying this week. there are questions now that especially in the house with the democrats in charge, he's going to be a little more, well, upfront and defensive of the fed. he might strike a stronger tone. do you expect that from powell?

>> well, i think he's going to stick to the script. they said the economy's solid in the january minutes. they said they're going to start to taper the balance sheet runoff. they're going to be patient on interest rate increases. so i think they definitely stick to the script because that's clear communication. if anything, i think some of the members of congress are going to be looking for him to validate r their policy agendas, whether it's better regulation of banking, whether it's green new deal. i think they're going to be seeking his endorsement which they're not likely to get. cheryl: we've got several 2020 candidates that are sitting on those committees, both the house and senate. we'll be hearing from macy's and home depot. what are you watching from earnings, real quick? >> we saw retail sales slowed a little bit in december but i think the major thing looking forward is tax refunds are lower this year than they have been in the past. americans are paying overall lower amounts of taxes but i think a lot of americans have

always relied on that tax refund for a big ticket purchase, a vacation, home improvement. i think more of the forward look into the first quarter of how consumer spending is going to impact retail is going to be very important. cheryl: we'll be talking about that later on in the show. joe, thank you very much. >> thanks. have a great day. lauren: still ahead, a scathing expo say, facebook workers who moderate content said they're developing p.t.s.d. because of work conditions. how facebook is responding to shocking claims this morning. and it's been almost three years since the last presidential election. looks like hillary clinton is still holding a grudge against bernie sanders. the latest jabs against both camps. you're watching "fbn: a.m.." ♪ you're coming back again. ♪ i ain't got no other place to hide. so with xfinity mobile

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lauren: an inside look at the day in the life of facebook's thousands of content moderators paints a pretty disturbing picture. cheryl: tracee carrasco's got that story. this is really disturbing, some of these allegations. tracee: this is a side of facebook that we rarely hear about, yes. but a new investigation by the verge has unveiled the dark side of facebook's content moderators who are often subjected to poor working conditions, suffer p.t.s.d.-like symptoms as they are exposed on a daily basis to some of the most disturbing posts, hate speech, violent attacks, graphic pornography. the report is based on vee interviews with current and former workers. workers joke about self harm, do drugs on the job, develop severe

anxiety or panic attacks because of horrifying content they are forced to view. most of the moderators interviewed quit after one year. facebook responded. they say they're going to implement a tougher process, they're gerald ford to be goinge for these workers. cheryl: this is one of those examples of when a.i. might be a good thing. is there programs that could be written, code that could be created, so that human beings aren't subjected -- i've seen some of this stuff too. it's horrific and it's things you can't unsee. tracee: some of the article, if you read it, read the things the moderators -- the training they have to go through and the videos they have to view. lauren: money doesn't make it better. it does show the disconnect between what a facebook employee makes, very well compensated, and then what a moderator -- tracee: i think it's $240,000 versus some $28,000 a lot of these moderators make. lauren: and you get

p.t.s.d.-like symptoms in the process. not worth it. cheryl: let's take a look at futures this morning. it is tuesday. we're looking at a down start to your day, dow pointing lower by 80 points in the premarket. s&p down 7 and a quarter, nasdaq down 28 and three quarters after gains yesterday. coming up next, president trump just hours away from meeting kim jong un in vietnam. what needs to happen to make sure that north korea gets rid of its nukes. plus, how progressives are targeting 2020 democratic hopefuls to get rid of the conservative majority in the supreme court. keep it here on "fbn: a.m.." ♪ tell me why. ♪ ain't nothing but a mistake. ♪ tell me why. ♪ i never want to hear you say. ♪ on four" with a barbershop quartet? [quartet singing] bum bum bum bum... pass the ball... pass the rock.. ...we're open just pass the ball!

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cheryl: let's get you caught up on global market action. after yesterday's gains, futures

pointing lower this morning. investors are going to be hearing from fed chair jay powell later today. dow down 83, nasdaq down 28 in the premarket. over to europe, theresa may may extend the brexit deadline past march 29th. we are seeing pressure in all european markets this morning and in asia after chinese markets rallied yesterday on the president's announcement, red across the board for every market in asia. lauren: let's stay in asia. president trump is expected to arrive in vietnam in just a few hours for a second summit with north korea's kim jong un. the two leaders will try reach an agreement on how to implement the north's denuclearization pledge. james carafano joins us. >> good to be with you. lauren: do you expect this meeting to be more a photo op? >> i don't expect to it be a photo op. what i am concerned about, and i think this is what the korea watchers really fear, is we're going to walk out of the summit and we're not going to know if

north korea is going to follow through on its serious commitment to denuclearization p. lauren: so how do we know that? >> the number one thing to look for, the number one thing is until the north koreans agree to deliver a full, complete and verifiable accounting of all their nuclear assets, you can't even begin to start a process of denuclearization. so that's like step one. until they put that on the table, we can never be sure if they're really serious and there's no expectation at all that they're going to deliver that at this summit. lauren: senior senate dems wrote a letter to the president saying exactly what you just said, show us verifiable progress. there's a fox news poll and it shows 46 46% approve of how president trump is handling north korea. >> we have to look at the long-term which is keeping the diplomateic channel open is great. that's not what's keeping us safe. what's keeping us safe is the

conventional military alliance, missile defense and serious sanctioning. the diplomatic tract is great for eventual denuclearization. if in the pursuit of that, you compromise the things that keep you safe, that's a problem. one thing the administration has to solve for -- they don't have to solve it in a new york minute. we can take time to do this. in the process of doing this, make sure we're not unraveling the things that are keeping us safe. if they're giving this guaiac sees to the world, if -- giving this guy access to the world, that's a big problem. lauren: a mix on if i think we've made progress, most people are mixed on the signs of progress here. the positive here is north korea hasn't tested a weapon in 400 days. our own intelligence says they're never going to give up their nukes, especially not the facility, the crown jewel of their ambitions. that's still running. so are we making progress? >> i don't think we've demonstrated real progress. on the other hand, i'm not in

the camp that says that kim will never denuclearize. i think the president is right to pursue that option. i think it's belts and suspenders. as we pursue that option, we also need to make sure we have what the -- we have the security in place to protect us from a north korean threat. lauren: gamings, thank you very much -- james, thank you very much. tune in for a special early edition as we cover this important summit, right here on "fbn: a.m." at 4:00 a.m. on thursday and then maria bartiromo will take you through the morning's events, that starts at 5:00 a.m. eastern time thursday. cheryl: well, here at home, gas prices have made a sudden turn higher in the past week. analysts are predicting they're going to go higher. average price for a gallon of gas is $2.39, up eight cents from a week ago. president trump tweeted oil prices are getting too high. let's bring in phil flynn. you wrote an op ed for

foxbusiness.com. you said trump should a take it easy on the opec tweets. >> yeah, you know, we got this. we're the biggest oil producer in the world, mr. president. and we're not going to be if you continue to tweet oil prices down. i understand president trump's sensitivity to rising gasoline prices in the country and we know consumers of course, they're very moved by gasoline prices emotionally and how they spend their money. at the same time, the u.s. energy producers in this country are struggling. last year when we saw the price drop, it caused a lot of the u.s. shale producers to have very, very poor profits and losing money. and if they continue to not make money, the u.s. oil revolution could be put on hold. so mr. president, you've got to be a little easy with those tweets. i see where your heart is. you're trying to help america. at the same time, you might be hurting us as well. cheryl: you make the president, that 65% number you mentioned,

those are people that vote and that is something that you also make that point in your op ed many i love also what you had to say about knowing how serious the american voter is to the price of gasoline, he's also realizing that venezuela is a big issue now because that crude that we do import from venezuela is really the oil of choice for american refiners. >> it sure is. for 50 years we've been counting on venezuela -- venezuelan oil to be a reliable supplier to the united states. u.s. refiners like that heavy oil because it can produce a lot of products out of it, fuels that we use in construction and other things and by not getting that oil, it's very difficult to replace. a lot of people think every barrel of oil is the same. it really isn't. you've got heavier oil. you've got sour oil. you've got light oil. it creates different products. this year, as refiners are in

maintenance right now, then come out of maintenance, they need a lot of oil. if they don't have venezuelan oil, the prices of products will go up. that's one of the reasons we're seeing prices on the rise. cheryl: if you're correct in your analysis, we'll be looking at substantially higher gas prices for the summer. >> i think we are, but let's put it in perspective. prices are still about 10-cents lower than they were a year ago. the u.s. energy producers are keeping prices somewhat supported. had this happened without the shale revolution, gasoline prices might have been up a dollar with this venezuelan situation. so we will see higher gasoline prices but the u.s. consumers will be able to afford it. cheryl: we hope so, certainly. it is a big issue for the american public. it affects their spending and so many other things. phil flynn, great piece again. lauren: let's get to other headlines making news. 2020 democratic ca candidates ae being asked to add more justices

to the supreme court. kirstin gillibrand say says expanding the court is an interesting idea. a former spokesperson for bernie sanders is slamming hillary clinton and her 2016 campaign staffers. michael briggs called the staffers, quote, total ingrates. they joked about sander's use of private planes. democratic congresswoman alexandria ocasio-cortez hayes climate change should affect someone's decision to have children. >> there's scientific consensus that the lives of children are going to be very difficult and it does lead i think young people to have a legitimate question, you know, is it okay to still have children?

lauren: okay. meanwhile, uke uk ocasio-cortezl take on a new role as the washington warrior in a upcoming comic book. there's a new cover which shows aoc stomping on a republican elephant. the cover also taking a shot at democratic incouple want incoup. there's a report that the green new deal would cost $600,000 for each household. some of the ideas is to eliminate air travel and provide every person with a job. presidential hopeful, democratic senator, kamala harris declined to put a price tag on the green new deal. she said it's not about the cost but a return on investment, cheryl. cheryl: well, taking a look at futures this morning, of course we do have a negative start to

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lauren: three weeks into tax season and some taxpayers are complaining about smaller refunds compared to last year. but this is also the first full filing season since the gop overhauled the tax code which was aimed at giving a tax cut to most americans. dan gelchard is a cpa. he joins us now. congrats on the book. >> thank you very much. lauren: if you could explain to our viewers why your tax refund might actually be smaller this year and we'll give everybody some numbers. so far, they're down almost 17% versus last year. the average refund check, $2,640. >> you have to look at the entire picture here. you can't just say well, the tax plan is not working due to the

fact that refunds are down. the truth of the matter here is that when this tax plan was being rolled out, the president was very clear about wanting to put more money in your paycheck, so what's simply happening, i believe, is that people are getting more money in their paycheck as they go along, as opposed to getting a larger refund. it doesn't mean that you're actually paying more tax. you have to wait until you file your tax return and then compare last year with this year to truly tell what the net impact is on the tax. it's not about the refund. and the people that are out there making these commentaries about the tax refund are really having a disregard for the whole story and the whole picture. lauren: is this an opportunity or maybe a miss a take by mistay republicans in the messaging of this? i think it was 2001, the bush

tax cuts, you got a refund check. people just notice what they get back. they don't realize that throughout the course of the year their withholding is less. they want something in the end. they want that big refund check or rebate check. >> you could be right, it might be a mistake. it doesn't mean their taxes have gone up. the problem is, too many people use their tax refund as a method for savings during the year. it's really crazy. you're giving the government an interest-free loan for 12 months. why would you do that? have a little fiscal discipline with that extra money that you're getting in your paycheck, set some aside, and net-net you probably will be ahead of the game at the end of the year as far as what your net tax situation is. lauren: all right. dan, thank you so much for coming on and explaining that for us this morning. >> thank you. cheryl: i would rather keep my money and invest it on my own than give it to the government, you know.

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lauren: powerful winds causing widespread damage across the northeast and a strong winter storm is slamming parts of the west. cheryl: a lot going on with

weather. senior meteorologist janice dean is live in the fox weather center. it's been a crazy week and it's only tuesday. janice: the winds have sat end down across the -- settled down across the northeast. we had wind gusts over 65 miles an hour over a good chunk of the northeast. we're cold over the northern plains, ohio valley and the northeast with wind chills below zero across the northern plains. there's the next big system moving into the west. we're talking about several inches of rain along the coast for the bay area and 4 feet of snow is possible across the sierra h nevada, across the northern rockies. this is ano an ongoing situation over the next 24 to 48 hours. some of that energy moving into the northern plains and midwest. we'll see the potential for showers and thunderstorms across the gulf comment it's going to . it's going to be 39 in new york city and a big weather maker across the west is something

we'll watch over the next couple days. back to you. happy tuesday. lauren: happy tuesday. thank you so much. cheryl: well, more details are now emerging about new england patriots' owner robert kraft. lauren: jared max has the latest. >> robert kraft, 77-year-old owner of the patriots charged with two counts first degree solicitation. authorities say kraft visited the spa the day before the afc championship and 17 hours later, the morning of the afc title game where he later watched in kansas city but not before authorities say kraft was recorded by surveillance video taking part in sexual acts in jupiter, florida and then handing a woman $100 bill along with another bill. police pulled over suspects after they had left the spa. with nine seconds to go in the clippers, mavericks game in los angeles, the head coach called a time out, grabbed the microphone and saluted dirk nowitzki.

>> nine seconds left in the game and play has stopped. >> dirk nowitzki, let's go. >> never seen this before. >> one of the greatest of all time, dirk nowitzki. >> one of the greatest of all time, from the other coach. he said he didn't understand much but that was really humbling, that was an emotional moment. class act, doc rivers. it was a recipe for a meltdown. fiery columbus blue jackets coach kept getting interrupted during a press conference by a phone by a reporter that was used to record him. watch what happened. >> from a team -- >> wait a minute. mom's calling on someone's phone. is that your phone? >> mrs. reed? this is john tortalore. i'm in the middle of a press conference here. i've seen you call a few times. he's busy right now.

[ laughter ] >> john is one of those guys you could have gotten him on a bad day. the reporter's mom keeps calling. lauren: my mom would do that. >> i love that. they're getting chummy on the phone. lauren: my mom calls every phone i have. she knows certain times she can't call. no, not during the time. cheryl: jared, thank you very much. you can catch jared's sports reports on sirius xm 115. lauren: she doesn't want anything when i answer. she's calling to say hi. the dow is down 66, s&p down 6, nasdaq down 24. how about some peeps for breakfast? the new flavors being rolled out that are sure to satisfy your morning sweet tooth. there's a picture. it's a hint if you're looking. forget about a nursing home, why one man intends to spend his golden years at a pretty popular hotel. you're going to be surprised which one it is. ♪ sweet home, alabama.

♪ where the skies are blue. ♪ sweet home, alabama. ♪ dear tech... let's talk. dear tech... we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do... and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪

cheryl: are we demanding too much of it? lauren: no. we are avocado lovers. tracee: good fat. farmers around the world from méxico to new zealand are struggling to keep up according to wall street journal report. average prices of avocado, butter oil are climbed more than 60% since 2013, changes reflect dietary shift in recent years, more people switching to foods

that are high in natural fats. now i think we are learning, hey, it's not that bad. lauren: european diet, if you will, is very in and you have news. tracee: yes, just in time for easter, new flavors this year, cotton candy, pancake and say -- syrup, you can only get those at kroger, you will find at wal-mart, chocolate caramel sold at target. toothbrush as well. cheryl: kids like their sugar. okay, the soon to be retiree has a really interesting plan for his own retirement.

tracee: i think this is a good idea, facebook post of 64-year-old, post of retirement plan viral, quote, no nursing home for us, we will be checking in to a holiday inn, he's done a math and staying at holiday ifn would save a senior $100 a day compared to average cost of nursing home which is 188 dollars a day, free breakfast, housekeeping services, the gym, you can hop around and treat you like a customer and not a parent. cheryl: brilliant plan, good for him. tracee: as long as you don't need medical assistance.

[laughter] cheryl: all right, that is it for us, we will retire into tomorrow. [laughter] cheryl: mornings with maria starts right now. maria: good morning to you and good morning, everyone, thanks for joining us, i'm maria bartiromo, it is tuesday february 26th, top stories before 6:00 a.m. on the east coast, retail earning season in full swing, macy's, home depot, the stocks to watch right now. investors are watching the federal reserve as well, the chairman jay powell testimony on capitol hill begins today, we will preview that and ceo elon musk in hot water again, all because of twitter account, details coming up. facebook is under fire, social media giant now facing backlash over the health of the people who monitor disturbing content. the shocking details, what facebook is saying this morning. costly contract, colin kaepernick wanted big bucks to play, how much he was asking for

later this hour, mornings with maria begins right now. ♪ ♪ maria: also earnings out, home depot and macy's, looking at futures, edging lower, dow industrials down 65, and home depot expected to report earnings of 2.16 revenue of $26.75 billion, we will get those numbers and bring them to you as soon as they hit the tape. first, let's talk investing with chief investment officer steven, good to see