thanks for being with us tonight. see you tomorrow. and for tonight, good night from washington. cheryl: it is 5:00 a.m. here are your store rise at this hour. -- stories at this hour. phase one of the u.s.-china trade deal signed. what does this mean for the markets? lauren: the articles of impeachment now in the hands of the senate, so what can we expect before the start of the impeachment trial tuesday? cheryl: and it has been 100 years since the passage of prohibition. how has the country changed and what industry is drawing parallels today and today is january 16th and "fbn: a.m." starts right now. ♪ ♪ i'm walking on sunshine.

♪ whoa. ♪ i'm walking on sunshine. ♪ whoa. ♪ i'm walking on sunshine. ♪ whoa. ♪ and don't it feel good. ♪ hey. lauren: welcome to "fbn: a.m.." don't you feel good? the markets feel good. i feel good. i'm lauren simonetti. thanks for joining us. cheryl: we had a really nice record run for the dow last night. good morning,ism cheryl casone. let's take a look at your money this morning. the dow did close above 29,000 for the first time in history, s&p hitting record territory last night and look at this, again, you sick of green numbers, the dow is up 65, the s&p up 8 and a quarter, nasdaq up 30 and-a-half, again watching these markets this morning. lauren: phase one, that signing really propelled the green on the screen. we're seeing it in asia as well, but perhaps some concern about what comes next.

the shanghai composite in china the only red arrow on that board, down half of 1% overnight. cheryl: taking a look at europe, those markets obviously a little bit of a mixed bag here this morning. the ftse slightly in the red, cac in france the only market there that's actually higher and the dax in germany slightly lower. well, folks, done deal. the u.s. and china calling a trade truce. they have signed the first phase of an agreement that eases tensions after a vicious two-year trade war. lauren: lets' go to blake berman, he has the details, what exactly is in that deal and certainly the challenges that do lie ahead. blake. >> reporter: this phase one deal between the u.s. and china eight chapters and more than 80 pages long. it calls for more than $200 billion of additional chinese buys from the u.s. over the next two years. that includes at least $77 billion in u.s. manufactured goods, $52 billion in energy products and $32 billion in agriculture over whats was

purchased in 2017 before the trade war broke out. president trump saying wednesday the negotiations were like world class chess. >> this is something that far beyond even this deal, it's going to lead to an even stronger world peace. we now have a big investment in each other and in getting along with each other. >> reporter: ip protections and allowing u.s. companies to remain entirely u.s. owned in china are included in the deal. the chapter on forced technology transfer, though, is only two pages and the u.s. side still wants to he see cyber theft and industrial subsidies tackled in phase two. wanted in phase one but he also told liz claman that the president believes that phase two will not be the te feels tho will come much more easily. >> reporter: the u.s. trade rep sense p testify, robert lighthizer -- representative, robert lighthizer, sauce the sat thing that needs to be done is

to make sure the phase one deal is implemented properly. cheryl: we will have more of on this later in the show. lauren: we wanted to show a tense exchange between elizabeth warren and bernie sanders at the debate, cnn released audio of them having a conversation after the debate. cheryl: aishah hasnie has details. >> reporter: it's just a 15 second exchange but it might have changed the course for democrats in this election. watch. >> i think you called me a liar on national tv. >> what? >> i think you called me a liar on national tv. >> let's not do it right now. you want to have that discussion, we'll have that discussion. i don't want to get in the middle. >> >> reporter: tense moments there, they happened after the democratic debate where r bernie sanders was asked about elizabeth warren accusation that in 2018 he privately told her a

woman cannot win the the elect. sanders flatly denied it with warren pushing back. >> well, as a matter of fact i didn't say it. anybody knows me he knows it's incomprehensible that i would think a l woman could not be president of the united states. >> i disagree. bernie is my friend and i'm not here to try to fight with bernie. but, look, this question about whether or not a woman can be president has been raised and it's time for us to attack it head-on. >> reporter: the two rivals who were supposed to stay friendly and keep left wing progressives united through the election may just have unraveled that plan. both candidates' supporters have been hurling insults online and now some progressive leaders fear the animosity will only help a moderate like joe biden, who is already leading the national polls. now, neither warren or sanders' camp have commented on this spat

after the debate but they could run into each other for the first time when the senate reconvenes on friday. lauren, cheryl. lauren: aishah, thank you. they had the pact not to you attack one another and they did as elizabeth warren introduced sexism into the cam. cherylcampaign.cheryl: if he sr and she's finally decided this is the time to bring it out, then good for her, frankly. all right. well, 100 100 false, overnight e doj fired back over an interview that democrat's claims that the trump administration was monitoring the former ambassador to the ukraine. lauren: griff jenkins is live in washington as the articles of impeachment will be exhibited today, that that sets the stage for the trial that should happen next week. griff, good morning. >> reporter: good morning, lauren and cheryl. the t senate will take over today the exhibition of articles of impeachment by the house managers, at noon, followe

justice and the senators at 2:0. democrats feeling emboldened with new evidence. >> if the senate doesn't permit the introduction of all relevant witnesses and of all documents the house wants to introduce, then the senate is engaging in an unconstitutional and disgusting coverup. >> reporter: at the center of new evidence, rudy giuliani making he potentially explosive claims like this. >> president trump knew exactly what was going on, he was aware of all of my movements. i wouldn't do anything without the consent of rudy giuliani or the president. >> reporter: they also claims attorney general bill boar was s part of the team looking to investigate hunter barden. there is also a claim that the

-- >> i think he was drunk or he was trying to make himself bigger than it was. i didn't take it seriously. >> he wakes up and he's drunk, he starts at 6:00, i've never seen him not drunk. >> reporter: now majority leader mitch mcconnell what has not committed to calling any witnesses or allowing any additional documents so we're in a wait and see pattern if you will. one thing you won't have to wait for, and that is around 11:00 mcconnell has said he will vote to ratify usmca and at that point it can be sent to the president for a signature. lauren, cheryl. lauren: that on top of the trade deal, griff, and the markets are roaring. dow up 70 points. well, the u.s. is easing back into military operations against isis militants in iraq, just two weeks ago the nation's parliament voted to expel american troops from the region after president trump ordered the air strike they that killed senior iranian general qasem soleimani. u.s. officials say they will also soon start back up the training of iraqi forces.

cheryl: well, hong kong's leader extending an olive branch to anti-government protesters, carrie lam says the special status of one country, two systems can continue past the 2047 deadline if loyalty to beijing continues, lam making that comment during a legislative council meeting today and under the framework, hong kong is given freedoms that are not available to residents of mainland china, this is the crux of the whole fight. hong kong has seen months of protests, some of them very violent under concerns that beijing wants to crack down on the city's economy and hong kong's political independence. lauren: a shakeup in russia's government, president vladimir putin calling for constitutional changes that could make him russia's leader for life after his current term ends in 2024. the prime minister stepping aside, along with the entire cabinet. putin nominating i the head of russia's tax service as the new prime minister.

critics say he has looked for a way to remain in control of the country after 2024. cheryl: scary moments for passengers on a united air alliance flight in the new york area. lauren: tracee carrasco here now with the details that sometimes we don't want to hear. >> reporter: the flight to los angeles forced to return to new jersey and make an emergency landing. united said it was an engine problem but didn't provide specifics. a passenger on twitter said the right wing of the plane sparked and an engine failed. all on-board were evacuated. juul is stopping the sale of the fruit owfruit flavored pods in . sales of the sweet flavors are already banned here in the u.s. canadian officials have been looking into toughening rules for the e-cigarette industry as worries grow of the numbers of vaping related illnesses. and there are new allegations

against lori loughlin and hers r husband in the college admissions scandal. prosecutors say new evidence shows her husband rejected an offer from the university of southern carolina admissions officer to help with his daughter's p applications. the e-mails showed loughlin's husband joking with her after turning down the help. both are accused of paying someone $50,000 to get their daughters into usc as crew recruits. the pair have pled not guilty. and finally, prince harry and meghan markle may not be welcome in canada. canada's largest newspaper, the globe and mail, published an he'leditorial that the couple lg there would violate rules governing the monarchy. the prince will host the draws for the next year's rugby league

world cup. it should be interesting. cheryl: it will be interesting to see how canadians react to that. a major newspaper coming out, saying they don't want the royals to be there. lauren: can i quote from that editorial? they said canada is not a halfway house for anyone looking to get out of britain while remaining a royal. so you can't have your cake and eat it too, i suppose. cheryl: that's our question of the day today. do you think prince harry and meghan markle should be able to live where they want? let us know. we are on instagram, we are on facebook, we are on twitter. you can find us everywhere. lauren: share what you have to say. in the meantime, let's look at the green on the screen, more records today certainly for the dow and s&p 500, if these gains in the premarket hold, dow up a quarter of 1%, ditto for the s&p 500, nasdaq gaining a third of 1% this morning. cheryl: it's been 100 years since prohibition has passed, how has it affected americans'

drinking habits and what industry now is drawing comparisons? lauren: phase one of the u.s.-china trade deal is signed. what you does that mean for the markets, for your wallets, and how will americans actually benefit from it? keep it here on "fbn: a.m." ♪ and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. i am not for ignoring the first sign of a cold. i am for shortening my cold, with zicam! zicam is completely different. unlike most other cold medicines, zicam is clinically proven to shorten colds. i am a zifan for zicam! oral or nasal. ♪ ♪ problems. nobody likes problems.

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[cymbals clanging] [knocking] room for seven. and much, much more. the first-ever glb. ♪ ♪ everything your trip needs, for everyone you love. expedia. cheryl: well, president trump is praising the first phase of the u.s.-china trade deal at a

white house ceremony and he looked ahead to the next step in negotiations between the two countries. >> this is the biggest deal anybody's ever seen and it can lead to being a deal that's unprecedented because china has 1.5 billion people and ultimately in phase two we're going to be opening up china to all of your companies. cheryl: michael lee joins us now. your first thoughts about the trade deal. the market reaction was a little bit muted at the time of the signing. we expected this. still, though, 29k last night for the markets. >> you know, this is a big deal. this actually -- the president speaks in a lot of hyperbole. he might not be wrong. this might be the most significant in u.s.-china relations in history. larry kudlow made a great comment after speaking with henry kissinger who was there when mi nixon went in '72, that

this first deal is likely the hardest part. once oveyou're over the -- oncee over the initial hump, what comes next could be significant. if we can get the same thing on the otherred side, the trade deficit is irrelevant, as the free trade principle goes, the best competition will win out. cheryl: let's talk about what this means for americans, american companies and businesss in the heartland of this country. the office of the u.s.tr released a statement saying they're going to reduce some of the tariffs that were implemented back in august. so this is the -- this is february 14th of 2020, this is effective this year, down to 7.5% from 10% on some goods and there's also a lot of talk that this will actually be good for us to export to china. so our manufacturing, our companies are going to be exporting products to china. that seems to me to be a really big win. >> yeah, so, again, the idea is

to be on an equal playing field where china, if they drop their protectionist measures and the u.s. companies can have the same access that chinese companies have here, ultimately the best players will win out. so in theory, this should be very beneficial to a lot of u.s. companies in addition to agriculture and energy they're going to buy. cheryl: energy services, agriculture, obviously the soybeans that are going to be purchased and the chinese have committed to that but also financial services. american express, visa, mastercard, they're going to get access to a billion chinese customers that they didn't have before. that's pretty good. >> yeah. and, again, a lot of that money will be able to be repatriated back to the us, reinvested in great american companies. jp morgan, ubs, have already been able to set up stand-alone brokerage operations in china the last couple years. china starting to open up, that's been the goal of the u.s. from the entire trade negotiation standpoint is to

have them open up their markets to everyone else which i think will ultimately benefit china in the long run. as communists, they are not known for giving up control. cheryl: mike lee, obviously we're going to be watching markets today, dow is up 70 in the premore get. are you sick of seeing green numbers? >> i'm not. i don't know that i'll ever get sick of seeing green numbers. as long as the economy keeps chugging along and interest rates stay low, i think we'll see more and more of that. cheryl: great to see you. thank you for coming in. lauren: coming up, mayor pete buttigieg losing his cyber security chief. would it surprise you to know no other democratic candidate has one. cheryl: as the senate prepares for impeachment, is the drawn-out process alienating the american voter? you're watching "fbn: a.m." ♪ i need your love. ♪ liberty mutual customizes your car insurance so you only pay for what you need. i love you!

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cheryl: more warnings from intelligence officials and cyber security experts ahead of the 2020 election, but there was a big loss for one candidate who was trying to stop disinformation campaigns on the internet. lauren: let's bring in brett larson. this is bad news for pete buttigieg. he lost his cyber security chief. >> and we should note, he was the only candidate in the running that had a cyber security sheaf. lauren: shocking. >> which is kind of shocking because of what happened in 2016 with misinformation and we all know about the getting into people's e-mails and the dnc from some russian operatives. mayor pete lost his cyber security guy. they had differences of opinion. we're not sure what that means. at least he didn't give the i'm doing this to spend more time with my family. it leaves an open spot. it was interesting to hear what the cyber security guy had to

say about the campaign and the 2020 election. there are a lot of concerns heading into the 2020 season of not just disinformation, not just the fake news stories that we saw on facebook in 2016, but we're also concerned about the deep fake technology, artificial intelligence being used to make people look and seem as though they are said and done things that they didn't do. so that was a bit of a concern there. we'll see what happens next. i'm curious what the other candidates are going to do. i'm waiting to hear them at least talk about cyber security, not just from protect my campaign standpoint but from data breaches and privacy hacks and all of this -- all these conversations that we're having but we're not really having them in a forum where there's solutions. lauren: it could be mayor pete is younger than the other candidates. >> bernie sanders may not know what a computer does. kidding, kidding. he seems like the type that would be like get it on the computer-net. [ laughter ] cheryl: i love you. all right. so let's go back to one of the younger candidates. despite not being on the stage,

andrew yang was the fourth most tweeted about candidate during the debate. what's that about? >> he has managed to keep himself front and center online. the yang gang very big online. it makes sense, he's from silicon valley. a lot of the people following him are technology people, fourth most tweeted about candidate during the debate. but he wasn't on the stage which is kind of amazing. but that is a lot of where -- it's where a lot of people are going. you can't necessarily get someone on the stage, he didn't get enough donations, he's not high enough in the polls but you can keep the conversation going online. that will be interesting to watch over the next two or three months. cheryl: how important is twitter traffic and online engagement for candidates do you think? i would think that's the younger voter they're trying to get. if sanders or wa warren isn't getting it, does it hurt them? >> i don't think it does. we have to remember, twitter is not the voice of america,

twitter is the voice of a small crowd of people that have a lot to say. it's not necessarily the people who are going to be your biggest supporters that are going to show up to the polls. it's just people that having to say and they can do it. lauren: you have reach, i'm thinking of alexandria ocasio-cortez. >> right. it gives them a platform to be -- we've seen the president use it. he can be in the oval office and get his message out without a filter and that's been fantastic for the most part, so it's going to be interesting to he see how candidates use it. cheryl: brett larson, thank you, sir. lauren: you can catch brett on fox news headlines, 24/7. cheryl: nancy pelosi passing off the articles of impeachment, cawhat can we expect from the senate trial? lauren: trouble for president trump in a key swing state. what does it mean for his re-election? keep it here on "fbn: a.m." ♪ or are we dancing. ♪ my time is vital. ♪ my hands are cold and i'm on

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>> i think the american people see this partisan impeachment for what it is. they see these baseless allegations. they can read the transcript of. they know the facts of this case and so they see the politics driving all of this and i think the american people are going to say enough is enough. lauren: thats was vice president mike pence on lou dobbs last night, discussing the impeachment proceedings as nancy pelosi and house democrats finally voted one month later to pass the articles of impeachment off to the senate. that does pave the way for the first impeachment trial the nation has seen in more than 20 years. we're joined by constitutional law attorney, ken bellkin. what now? >> now it's going to go to a trial. we're going to hear the evidence or in my opinion, the lack thereof of evidence. i think if the republicans were smart, they would make a motion to dismiss because there are no

legal grounds for impeachment. the constitution is clear. bribery, treason, other high crimes and misdemeanors. abuse of power, this is not a crime. obstruction of congress, never seen it in the criminal code myself. lauren: do you think mitch mcconnell would move to dismiss the trial? what would the nation say? what would voters say. >> no. the reason they won't move to dismiss, even though i think they could and john roberts who is going to preside over it, would be right to grant that motion, i think they want to see the president vindicated. nothing spells re-election like acquittal. lauren: and a trial would do that. do you think mitch mcconnell would suspend the trial? how does this work? now you have all of these witnesses and evidence coming forward and you're going to keep doing that while you're trying to try a case? >> well, look, they've got to get their evidence and their witnesses in. they've got to get a witness list, if there are going to be witnesses and they have to get a list of evidence.

there's not supposed to be trial by surprise. if you're conducting a trial, if you're defending someone, you're entitled to see all the evidence against your client before trial. lauren: senator ted cruz floated the idea of witness res reciprocity so republicans get there's, democrats get theirs. in that case -- do you think the idea could win support? >> i think it's a good idea. the democrats have a very big problem with their witnesses. most of their witnesses, their testimony was what's called hearsay. it's secondhand stuff, something they heard someone else say. the federal rules of evidence apply in this proceeding, which i believe it should and i believe they will inevitably apply, that testimony's not going to be admissible. lauren: marsha blackburn, senator from tennessee tweeted about the impartiality.

can senators sanders, warren, klobuchar and bennett who are all spending millions of dollars she writes to defeat president trump, are we supposed to believe that they will be impartial during the trial as they run for president? she says they should recuse themselves. do you agree? >> the constitution is clear. impeachment of a president those be tried in the senate. whether or not there are senators running against him in the the election, that's true, y are running against them but they are still senators and a they're constitutionally required to try him. lauren: how long do you think the trial goes for? >> one week, tops. lauren: thank you for joining us. cheryl, over to you. cheryl: let's go back to tuesday's democratic debate. early numbers show that 7.3 million viewers tuned in, a slightly bigger number than the last few debates. several factors may have contributed to this, such as the impeachment and the air strike that killed qasem soleimani over in iran. and a new poll showing that

president trump is trailing his democratic challengers in michigan. the epic mri poll -- mra poll, excuse me, shows the largest deficit is against michael bloomberg. he currently trails form -- he is the former new york city mayor, he's trailing by a 49 to 42% margin. michigan a crucial swing state that tends to vote blue. president trump beat hil hillary clinton by just 11,000 votes in 2016. lauren: you're going to see more records today, the dow is up 70 points, the s&p is up about 10, nasdaq gaining 34 points. phase one of the china trade deal is signed and usmca the prospects of that looking good as well. mitch mcconnell locking in a vote to ratify it today. prohibition 100 years later, are any other industries facing similar issues today? cheryl: delta airlines facing tough questions after a claim

they dumped jet fuel on school kids. what the faa has to say. you're watching "fbn: a.m." ♪ have a little drink after work. ♪ so we built a snow globe. i'll get that later. dylan! but the one thing we could both agree on was getting geico to help with homeowners insurance. what? switching and saving was really easy! i love you! what? sweetie! hands off the glass. ugh!! call geico and see how easy saving on homeowners and condo insurance can be. i love her! ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪

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lauren: this week marks 100 years since prohibition, people went to speak easies and did what they could to get a drink but despite the ban more people are drinking alcohol now than when prohibition was enacted. americans were downing about twn

average, now it's 2.3 gallons, that works out to nearly 500 drinks each year or nine a week. do you drink nine drinks a week? cheryl: i'm not answering that he question. all right. let's keep that in mind as we move on, talk about marijuana. [ laughter ] the industry is growing despite less than a dozen states legalizing its recreational use. one business is taking advantage of this growing opportunity. they've already invested more than $100 million across more than 40 companies that are involved in marijuana business. let's bring in cody sanchez, managing partner for that company, entourage effect capital. good morning. >> good morning. cheryl: you've been very active in this space. as we look at today being the 100 year anniversary of prohibition, when remember back in the day -- none of us remember, we weren't alive, but alcohol was illegal. marijuana is legal in some

states. we have a map to show viewers those states. do you think 100 years from now we're going to have marijuana legal across the country? >> i think there's no doubt about that and i think 100 years is probably a bit of a stretch out there. we really think this is something that's going to happen within the next three to 10 years. and i think from prohibition that we learned a couple things. and ones was that you have to be very careful when demand is there and the government tries to regulate. it didn't turn out that well. it ended in a lot of violence. i don't think you have that today when you go to purchase a bottle of wine. cheryl: it's interesting you say that. you and a lot of other folks we talk to in the financial services, the investment industry, say that security for these companies is a big risk and banks should be able to do loans, do electronic transfers, wire transfers for cannabis companies, a lot of these small businesses still operate in cash and a that's a concern you said in the past. >> absolutely. thankfully it's getting better.

for instance, we don't invest in companies that are not banked. so regional banks are really picking up the bulk of the business there. but from a credit card processing standpoint, it's definitely not there. the safe banking act actually passed through congress but i don't think we'll see that passed this year although that would be great. cheryl: let's talk about kind of the future if we can, because in some states the use of medical marijuana has become legalized. for instance, new york, which has not okayed recreational use. many in the federal government on capitol hill, especially the house, the health committee, a subcommittee in congress, they want to look at, again, not just making this a legal issue for all states and making it a federal law but also going back to financing of these companies, do you think that's something we'll see in the short term? >> i think we'll see it in the next two years. i'm not sure this next year, especially with the election and impeachment that that's going to happen.

last time i was on the hill it was sort of amazing that from a federal perspective, a lot of our representatives still don't understand exactly what's happening in the cannabis industrial i imagine they sit -- industry. i imagine they sit and wade. i would love to be surprised on the upside. cheryl: forbes came up with a list of the states take bring in a lot of tax revenue from recreational use. i want to move on to the issue of where we could be in the next 10 years. these states are finally realizing this is a revenue generator. is that a motivator do you think for other states to sign on to recreational use for marijuana? >> absolutely. i mean, when you see states bring in 300, $400 million in tax revenue when some states out there, like california where i'm sitting today are really struggling with their budget, i think it's only natural that they continue to look at this space from a legalization standpoint. what they have to be careful about is over-regulating and

over-taxing. because cannabis has about a 37% effective tax rate and they don't allow write-offs which means it's difficult to make money in this business. cheryl: more than 90% of americans polled they believe at least for medical use marijuana should be legalized. this is definitely a timely conversation on the day that we talk about the 100th anniversary of prohibition. cody, thank you for being here. it's a really interesting space. appreciate it. >> thank you. lauren: coming you up, what is the center of the universe? if you ask one particular town in idaho, they say it's them. well have the story of wallace, idaho in a bit. cheryl: bloated budgets and state government, why do some states spend more than others? you're watching "fbn: a.m." ♪ take me home to the place i belong. ♪ west virginia. ♪ mountain --

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cheryl: well, parts of the country bracing for a big winter storm. here we go. lauren: i guess it's finally going to feel like winter. senior meteorologist janice dean is live in the fox weather center with the forecast. how bad is it going to be? good morning. janice: you knew it was going to come eventually for some areas, right. yes, it's still january and we have cold temperatures that are invading some of these regions that have experienced spring-like temperatures over the last couple days. so there are your cold temperatures and with the wind chill in some cases it's very cold. feels like minus 23 in minneapolis, 3 in kansas city, all of that cold air is going to sink southward and eastward, getting into the east coast this weekend. past 24 hours, very active pattern setting up where we're going to see rain and wind and snow and ice. a lot of this is coming from the pacific. you can see that next winter

storm moving in, flash flooding is going to be a concern for parts of california and then this is going to develop into a winter storm across the central u.s. and the midwest, where we've seen heavy rainfall and quite a bit of snow. there's the future radar, the potential for icing over the central and southern plains. there's the snow system across portions of the midwest. that's eventually going to get close to the east coast this weekend. there's the forecast precipitation as we get into saturday. new york city we could see a little bit of accumulating snow, mainly north and west of the new york city area and then heavy rainfall for parts of the central and southern plains. there is your forecast today. that cold air sinking southward. we're going to t get definitely a taste of winter along the east coast and then we're going to deal with the potential for very slippery conditions over parts of the south and the central u.s. next storm system moving in the west coast and heavy rainfall for parts of central and southern california and speaking

of rain, ladies, we are getting some much needed rain for parts of australia that of course have suffered from all of those devastating wildfires. this is new south wales, australia, where they have been hit with devastating wildfires, record-setting temperatures and it's been so dry there that rainfall of course much anticipated and we are certainly seeing some relief for firefighters in the area. cheryl: do you think they should be worried about mud slides? i know like in california when there's those fires in california that mud slides happen after because there's nothing to stop the water flow. are you worried about that. janice: of or course. if you have an area scorched by wildfires, the rain cannot be absorbed into the earth so that's going to be a big concern. flash flooding and mud slides, unfortunately, for this region and that's, you know, unfortunately what happens when you've got this very dry conditions and then the wildfires and then heavy rainfall in a short period of time is going to cause some

problems for the area. cheryl: our viewers can donate to some of the -- lauren: you just did, my favorl charities in australia. i'm saying, if you want to do something, that's how you do it. lauren: my heart goes out to them. they finally get the rain, the relief and now the repercussions of that rain with flash flooding. janice, thank you so much. janice: we will keep you updated. cheryl: thank you, janice. let's stay with australia. obviously those fires are continuing to ravage the country and now it's starting to hit one of the country's biggest industries. lauren: tracee carrasco is here with details. hey, tracee. tracee: tourism officials are estimating the brush fire crisis in the country has cost them almost $690 million. the industry is now asking for help from the australian government to help bring back visitors. these tourism officials are set to meet with australia's tourism minister today. so far, the fires have claimed the lives of 29 people and more than a billion an a malls and

destroyed -- animals and destroyed land the size of bulgaria. amazon investing in india, jeff bezos on a three day trip to the country, telling local business leaders his company intends on spending $1 billion on digitizing small and medium businesses in india and using a amazon to global scale to export $10 billion in goods made in india. there are currently more than 500,000 sellers on amazon india and more than 60,000 indian manufacturers who export products through amazon. well, the faa says delta pilots did not ask for permission to dump fuel over a number of los angeles schools as it prepared for an emergency landing. the agency also saying that the plane was flying too low to prevent atomization of the fuel and it should have been done over an unpopulated area. the faa says that it is investigating that incident. and a new study shining the

light on government spending. it shows new york state spends about double what florida spends to operate. according to data, the states have comparable population sizes but in 2018 new york spent $348 million compared to florida's $177 million. new york also spent more than double on areas like education and welfare. this comes as data shows new yorkers are continuing to flee the state for places like florida. lauren: i can add to that, they have a lot more regulations in new york than florida. that's why folks are going down there. cheryl: you and i live in manhattan and new york, you don't love this, do you? tracee: very, very expensive. cheryl: thanks. are you worried that your dog might feel lonely when you leave them home alone? have you ever thought about this? i know milo gets lonely. lauren: i don't have a pet. cheryl: i have a cat. i know he gets sad. lauren: there is a a solution.

did you know about this solution? cheryl: it's a pet-tential solution. did i sell that right? we'll be right back. we've got the question of the day coming up as well. ♪ the dog days are over. ♪ the dog days are done. ♪ at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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cheryl: could love songs be up and coming genre? lauren: feel free to repeat cheryl's joke. >> the dog lovers out there, perhaps you don't want to leave, get ready to go to work and don't want to leave dog by himself. spotify has has a play list for your dog. messages of affirmation.

70 of pet owners plaid music for their pets or over 40% say that they play music. >> at home a dog or cat alone might stress them out, i'm thinking that's why. >> lower stress levels, play spotify play list and hopefully it all works out. lauren: a lot give their puts cbd as well. >> latest beth country's list,

switzerland topped the list, followed by canada, australia, lucky number 7, the united states, they did various rankings based on the economic influence, military power, education and quality of life, however, the united states did come in at number one, most powerful. lauren: okay. >> most power nfl the country, what's up, let's go. [laughter] lauren: speaking of countries, canada and uk were on the list, we asked the question do you think meghan and harry should live where they want? >> she made a commitment to the country and broke in a year, deeply unimpressed and lack of respect to our country and our queen, that's from neil wilson. lauren: as long as they reimburse for wedding, vacation

and remodeling and pay while they are in the castle. >> all the fanfare and drama, not too happy about that, for sure. cheryl: if you want to keep responding, we are on facebook, facebook,i say insta. >> that does it for us in fbn:am, you know who is good on instagram is maria bartiromo. maria: hey, cheryl, i say insta too, good morning from chicago live, it is thursday january 16th, top stories right now just before 6:00 a.m. on the east coast. sign, sealed delivered, president trump puts deal on phase 1, sending markets to all-time highs yet again,

futures this morning continuing the momentum, closing above 29,000 yesterday for the first time and market up another 80 points, s&p futures up 37 and the s&p futures rather 10, yesterday it was an all-time high, market closing above 29,000 for the first time ever on dow jones industrial average, the question is how soon before dow 30, historic day in washington, meanwhile, impeachment articles head to the senate, house speaker nancy pelosi remain all smiles giving away souvenir pens to colleagues, now facing backlash this morning, plus this, tensions on the trail, audio released of elizabeth warren, calling her a liar. wait till you hear this one, mornings with maria begins right now.

♪ ♪ >> live from chicago along with forbes media chairman former republican candidate steve forbes, great to see you, guys, this morning, so it happened, we got our top story this morning, phase 1 china deal done yesterday. president trump and high niece vice prim ire signing the agreement at the white house yesterday, the deal opens up high niece markets to foreign companies and includes protections for intellectual property theft and trade secrets but keeps u.s. tariffs on chinese goods in place. the president praised the deal yesterday, he spoke about the next phase, watch. >> this deal is phase 1, we will probably be able to conclude and we don't expect to have a phase 3, but it's something that we all want