as for fitch, you mentioned neil, it's a global head of sovereign ratings, saying if this shutdown is not solved by march 1, march 1 we're talking about, plus if the debt ceiling issues are not solved or at least taken care of after that, then the u.s.' aaa rating could be at stake. here we are in the early portions of january. march seems like a ways off. at this point standing here right now, there's no clear road map. >> neil: thanks. we'll get a gauge of this, march 1 area, technically the time when the debt ceiling, we reach, you can't do anything, you can't spend any more money. do pretty much anything until they raise the debt ceiling. what fitch is saying and the other ratings agencies are worried about, the rate this is going we're going to get to a point where we hit the ceiling and no one is going to be able to resolve the differences. forget about a quarter of the united states government inactive, we could have the entire united states government inactive. if you don't find a way to raise some money and fast. mike emanuel on capitol hill, what's happening behind the scene

lauren: fitch, the warning on the triple a credit rating, that's march. this could be prolonged.or recall to talk about from toyota. it has to do with potentially deadly air bags. cheryl: tracee has that tore story. tracee: this is involving potentially deadly takata air bag inflaters. they contain chemicals that could explode with excessive force. they include several model years of the toy yow fou toyota four . go to toyota's website to see if your car is affected. ford had a recall last week as well. cheryl: takata has had years of recalls and it hasn't stopped for them. one airline wants you to tip your flight attendant. tracee: curious to hear your thoughts on this. frontier airlines started allowing passengers to tip flight attendants in 2016. they used to split their tips on each flight. this year, the flight attendants never have to pool their gratuities. this happened as the union and the company tried to reach a contract for the last two years. frontier saw the gratuity as a way to supplement pay. cheryl: i don't like it. they're there to save your you know what if ther

obviously, that fitch news just hitting the headlines, so we'll see how u.s.gest that along side, of course, news that u.s. and china have concluded their trade negotiations after three days. that third day that was an unscheduled day took place today, and we heard some positive signals this morning from the china foreign ministry and, of course, last night from president trump saying that trade negotiations were going well well, that's it for today's show i'm juliana. >> i'm glen. we're both here in london. global exchange is coming up on the other side of the atlantic the other side of the atlantic right about now. hey, darryl. would you choose the network rated #1 in the nation by the experts, uh... correct! you don't have to choose, 'cause, uh... oh! (vo) switch to the network awarded by rootmetrics and j.d. power. buy the latest galaxy phones, get galaxy s9 free. with who we are as people and making everybody feel welcome. ordering custom ink t-shirts has been a really smart decision for our business. i love the custom ink design lab because it's really e

. >> well, jimmy, we're getting that warning from fitch, but we're seeing things higher today.do you make of that it doesn't seem like the markets are impacted, at least in recent days, by the shutdown. >> it tends to be more of a political issue than a market issue or an economy issue. i think that the extent it shows that washington can't solve problems, and maybe it's a political issue, and that's why the president was on tv last night, and the president views this as sort of a threat to his presidency, which is why i don't think he is going to go in and i don't think there's going to be an easy deal between the two sides. >> do you think it's in president trump's best interest, especially because he views the stock market as a benchmark for his presidency, to make a deal sooner than later? >> i think -- i think the deal that he ultimately would like to make -- i think if you -- if he loses or is perceived to lose on the government shutdown, then i think it really behooves him from his perspective to get that deal done on china market wants that deal it's a big political win

you're not in the ratings division of moody's and rating our debt, do you think this fitch action, the warning is justified? >> we'll have to see. in the past when we had government shutdowns, moody's was willing to maintain the aaa rating as long as the prompt rye payment much outstanding government debt, payment of interests, servicing of government debt was not in danger. as long as this remains the case, perhaps there will be no downgrade of the aaa rating. neil: when s&p did it many years back they were not doing it on the basis of shut down but kabuki theater of threat of one and back and forth with games being played with numbers and they did cut the aaa rating at time. do you think ironically, won't be a shutdown that does it but just this fingerpointing and blaming going on both parties accounts? >> gee, you know, i don't know if that's reason enough for a credit ratings downgrade because of political friction. i think you need something more than political friction. for instance, suppose, we had the dollar exchange rate tanking, treasury bond yields were soaring, markets were

anna—marie baisden is head of autos research at fitch solutions it feels to some degree that renaulto some extent because nissan had already moved in getting new leadership. i think it was reported that even some of renault‘s new employees said that carlos ghosn's position was not tenable, so i think that renault had to move. renault are tasked with try to soothe relations between renault and nissan. renault used to be the junior partner but it sells more cars. yes, i think it has been difficult in the way the ownership has been set up. they bring different models to the partnership and geographic exposure. that's been behind the success with the alliance. it is difficult but they also now they need to keep going. there is talk of the alliance becoming a merger. where is the truth lie? we think this company is going to go next? we believe the alliance, if they can keep it together, should stay together because of the success they've had in keeping the business going. if anything, with the challenges facing the industry, particularly this year, it would help to have the alliance. we a

this week ratings agency fitch warned that the budget deadlock could see the usa losing its aaa sovereignting. but for the unpaid government workers protesting in washington on thursday, there are more immediate concerns — like paying the bills. my my husband works out every day to make sure that we are safe as a country and it's terrifying to think that our president thinks of us as pawns. not knowing how long this is going to last, i really have to budget as much as i can and say, how doi budget as much as i can and say, how do i not spend anything for weeks at a time because every day, i don't know when the shutdown is going to end. all we want to do was work, i wa nt end. all we want to do was work, i want to work, i want to serve my country. i've talked to someone and i've asked if i can get a loan for my more cheap —— for my mortgage payment if this doesn't end at the end of january and payment if this doesn't end at the end ofjanuary and if it payment if this doesn't end at the end of january and if it continues longer, i'll have to go into my retirement money. to pay the bills. th

anna—marie baisden, head of autos research at fitch solutions joins me now. lovely to see you. the report, hearing about a radical change going on at general motors, but we have the announcements written —— recently from land rover, ford, the world's egypt carmakers are going through significant change. it is a very challenging time for them. a lot of their biggest markets in north america, europe, china are slowing down from the growth they have seen in the last years, a big change in consumer taste, they are having to restructure their production networks for, so they have a lot going on at the moment and a lot of trade uncertainty. we need talk about consumer taste changing, it is radically changing. we all think electric. if we are not driving something along those lines now, we are thinking of doing that in the next few years. yeah, and that is pa rt next few years. yeah, and that is part of the problem carmakers are facing. something like the auto show isa facing. something like the auto show is a great example because you see them showing off big suv is we saw, people ar

they didn't mention moody's or fitch., charles still here, and joining us as well is our china credit editor. how big of a deal is this? it is pboc delivering on its promise. they are going to open the market up for global rating agencies in order to foster competition and improve the local rating quality. now they delivered on it. people don't think it is going to take immediate effect in terms of improving local rating quality. how do you get clients? that takes time. how do you deal with making a lower profit? david: charles, big deal? >> it is not a particular surprised, but it is a good sign that the government is coming through with this promise, and the direction is more liberalization. this is a solution to a very big problem in the domestic bond market. most of that market is rated aaa on the domestic scale. this creates a very big problem for domestic investors. this market is very illiquid. the price information is not good. if you don't have a credit rating, you don't have pricing to tell you which credit is g

reporter: fitch's global head of sovereign rating says if the shutdown lasts million march 1st, if issues resolving debt ceiling not taken care of after that, the u.s. could be at stake losing a aaa rating. talking about march 1st is a bit premature here in the beginning stages of january. then again, both sides are dug in right now. and there is no clear sight at to how this thing untangles itself anytime soon. melissa: i don't know. i heard nancy pelosi talk about people's credit ratings and country's credit ratings afterwards. that you know, like that is one of those threats that doesn't sound, i know we're supposed to take that very seriously but when you have people's lives at risk and other thing -- reporter: immediate worry is friday, 800,000 people might not get a paycheck. melissa: all kinds of stuff going on. blake, thank you for that. jonathan, todd back with us. people walking out of the meeting, have completely different versions what went on in there. i mean, you know, mccarthy came out afterwards, he said they had shown all the difficult versions they had of different offer

to me was echoing what fitch said. maybe i saw the markets go down on this.t might also have been a message to congress and the white house? >> i actually was in d.c. yesterday. met with 15 economists at the aba economic committee meeting, met with the fed board. can't talk about what we talked with the fed board but i can tell but the message we brought. the primary message was the economy's in good shape but it is slowing and risks are rising. and one of those risks we have to think about the political environment in washington, because even the shutdown fight is, it is not absolutely critical to the economy yet. charles: right. >> it is if it drags out but not yet. the debt ceiling is another story. if they can't see eye-to-eye on this, maybe they cannot see eye-to-eye on that. the debt ceiling comes up in march. they have got to vote on it. charles: should they keep doing these things, forums? he got media criticism in some forums, you saw as comfort, some people saw being too lax. instantaneously i saw criticism. should he keep doing these sort of forums

big three ratings agency fitch warned that the continuing government shutdown puts the of losing itsin the nea future. the us has only been downgraded 2011 debt-ceiling crisis. the government shutdown entered its 19th day wednesday, with seemingly no ending in sight, as republicans and democrats remain unable to find a compromise on funding for president trump's proposed wall on the southern border. loser: world's richest man getting a divorce . . .how much could mackenzie bezos get in a divorce? bezos announced in a tweet wednesday that he and his wife of 25 years, mackenzie, have "decided to divorce." washington state, where the bezos' live, is a community property state, meaning any wealth made during their marriage could be split equally between the two. divorce attorneys say that is highly likely mackenzie bezos would want the family fortune to continue to grow. winner: mlb revenues continue to hit record highs as payrolls drop . . . baseball is a dying sport? not so much. major league baseball took in $10.3 billion in baseball- related revenue in 2018, which was the 16th straig

>> up to, yes, it's hugely exposed to europe. >> abercrombie & fitch, is that big in the u.k >> to europe think globally now you can't just think about what's happening in the u.s. most of the retailers, ralph lauren is 20% in europe. you have to think about the piece of the puzzle and what's happening over there >> you have the three t's. trade, taf iz, and that's related and twitter rants. that means the fourth team, which is trump, i suppose. the nrf, national retail federation said yesterday the ceo was on "squawk box", and i was listening to the interview he was talking about how supply chains, they're disrupted, but they've been disrupted even before the trade fight >> even before all this happened >> that's absolutely true. matt shay, head of the nrf, i did a podcast yesterday with him, and this is what we talked about. by the way, okay, china obviously poses a risk with increased tariffs. china labor has been increasing the time loof manufacturing has already moved outside of china probably the average of -- it's about 20% of their manufacturing is exposed to china. it's not a dis

the ten-year right now those yields have firmed even more 2.735% >>> news just out this morning from fitcht says the u.s. debt ceiling, it says, is more important than the shutdown it says that if the u.s. debt ceiling becomes a problem, we'll have to reassess america's triple-a credit rating it's been talking about this now for quite some time. i think it did -- it made a statement like this in july as well you remember back in 201 1 when the s&p -- when s&p downgraded the united states, and then got into a fight with tim geithner, who was then the treasury secretary, of course, the question is if you get downgraded, what does that mean to rates >> there's been some legislation in congress, pelosi has introduced legislation that would automatically if you say you are going to budget this, you go ahead and raise the debt ceiling automatically. it's no longer kind of tied in like this. >> he framed this fight as not just about politics and the border wall, but as his sworn duty to the american people. >> women and children are the biggest victims by far of our broken system. this is the tra

and fitch says if it drags on much longer, the u.s. risks losing i aaa credit rating. ylan mui is in the nation's capital. >> reporter: it's a shdown breakdown. president trump calling a aeting with democrats at the white house today total waste of time. he tweeted that he asked if he would approve his border wall i they reopened the government. when nancy pelosi said no, he said bye-bye. vice president mike pence said trump won't back down. >> i think the president madeos hision very clear today, that there will be no deal without a wall. >> chuck schumer, the top democrat in the senate, accused he president of literally walking out of their closed door meeting in the situation room of the white house. >> again, we saw a temper tantrum because he couldn't get his way and he just walked out of the meeting. >> reporter: the both sidesday when sought to shore up their base. democrats said that president trump is manufacturing the a cris said that he cares more about the border wall than federal workers. meanwhile, trump paido visit capitol hill today to sell his shutdown

neil: so did fitch over react? they didn't move, they're reviewing it right so let's say they do downgrade it? >> and say look, we're looking at it. we put out a statement all the time saying we're looking at this, we're considering it. it's an important part of your analysis. neil: but if they pull the trigger then what? >> it could have a short-term impact but long term the credit worthiness of the united states of america in the big picture isn't affected by this so if it gave you a big sell-off on a fitch downgrade that would be an opportunity for people. >> yeah, i don't know this time around though the government balance sheet is different because actually, treasury yield s could be impacted, back in 2011 there was enough amo, since we didn't cut taxes as much as we did, i'm not sure in 2018 or 2019 -- >> i don't want to be jumping across-the-board. we're still one of the safest investments globally so on a relative basis -- neil: isn't that because we're more of the tallest midget in the room? >> something l

phil flynn, fitch investors ratings service seemed to indicate the triple rating we take for grantedour country isn't a sacred right here. they're worried about the ongoing government shutdown. fast approaching mark 2nd deadline on the debt ceiling, enough for them to say you know, we've got some problems here what do you think? >> i think it is -- i don't think traders are worried about that right now. you know a lot of these rating agencies lost their credibility during the financial crisis. neil: good point. >> even if they do decide to downgrade the united states that is so far off in the future the market doesn't really care about it. they do care about what jerome powell will say in the press conference because we remember just after the fed meeting he sent the wrong message to the market, right? especially we learned that after reading fed minutes yesterday, neil. if you read the fed minutes, it wasn't supposed to come off as hawkish. one of the things i took out of that that said some fed governors looked what the markets are saying, take a pause on interest rates. they decid

because in march you've got the debt ceiling issue that's coming up, you had fitch that have been issuings credit rating, do you think reality is anywhere near biting for president trump, because the repercussions of this partial government shutdown, it appears it's starting to bite the people on the ground. they really are, for ordinary people who yesterday, of course, went without the first paycheque of the new year, this is all about car payments, mortgage payments, rent payments, mortgage payments, rent payments, and so on. payments that in many cases, because they are very often people who live paycheque to paycheque, they can't now afford to make. so this is, this is potentially building up into quite a prolonged and severe crisis. the president said yesterday that he will not be declaring a national emergency, as he had suggested in previous days that he might, that would be one way of circumventing congress, getting money from the wall by other means, and effectively ending the current shutdown will stop he's not going to do that for now he says, so what is he going to do? with th

haidi: fitch is warning of it rating fortriple a the u.s..utdown stretches into a record 23rd day. shery: we will discuss more with sophie and the global head of sovereign ratings james mccormick. we have james in the studio to discuss the impacts of this government shutdown which could drag on to march 1. the debt ceiling is proving problematic. what are you anticipating with this backdrop? james: the growth outlook is not what we are concerned about. there will be a growth impact. there is not a huge amount of the government to shut down, , but meaningful. we are concerned if the debt ceiling comes back and we get to the x days after the treasury has used extraordinary solutions and there is still not a solution. in 2013 they were getting close to the end of that, those extraordinary measures, then we put the u.s. on marine watch negative. we were 40 hours away from without a solution. we are talking about it and highlighting it is we see the difficulties with the shutdown in terms of getting an agreement. there is a heightened risk of thin

china they have defaulted on bond payments even though their cash balances allegedly way bigger so fitch ratings is asking like how are these companies the faulting when they have way more cash allegedly so it looks like it may be fake cash but this is the thing about totalitarianism is like you know the emperor never you know nobody could ever point out that the emperor has no clothes and that sort of society well you know going to take a break but confucius said capitalism is great on the way up but that's a great of the way to. go take a break but stay right there don't go away. mean i mean i didn't know where you know your son. was you going over. doesn't want to know most of the boastful but in your years and years it was notable just made a good month but really you know. please don't please the ways but i did my best to it's nice of the wife and. if you look. nice i mean yes this is you know. that's one of those little. things will get minutes and then you know everyone knows the phone. number. so what we've got to do is identify the threats that we have it's crazy confrontation l

all that stuff in the summer of two thousand and eleven and we're headed right down that path again fitch this week was talking about downgrading u.s. credit rating and so a lot of there are a lot of similarities you know the old adage is history doesn't repeat but it rhymes well markets you know they obey natural laws many regards and in nature things go in a circle you know planets go in an orbit and the seasons come and go and things go up things come down and markets are a subset of nature and that's the idea of us returning to a bull phase in the gold market is complete really consistent with five thousand years of history of monetary history and. it seems as though we're ready to have new all time highs and gold you know because for all the reasons that are just getting into i think you know to refer to your previous point about the cartel who like to keep the price under their thumb bice flooding the market with counterfeit cell orders and there's no law against that that's being currently. you know enforced you know there are laws on the books against counterfeiting sell orders bu

and what fitch are sneed in terms of international support to to implement these solutions and then the they help people implement the solutions so what i'm saying is that it's a stretch to add that doesn't rely on an outside force like you know the russian police or the russian army or united nations peacekeepers it doesn't rely on the state or on the national army or on the national police but it relies on local capacities and supporting local capacities and putting people in the driver's seat letting people decide how they want to handle their own conflict well professor out of sarah labs hope we see you more inspiring examples like these in two thousand and nineteen but for the time being we have to leave it there thank you very much for sharing your thoughts thank you so much for having me on your show our viewers can keep this conversation going in our social media pages as for me hope to see same place same time here on worlds apart. us veterans who come back from war often tell the same stories. were going after the people who were killing civilians they were not interested in t

china they have defaulted on bond payments even though their cash balances allegedly way bigger so fitch ratings is asking like how are these companies the faulting when they have way more cash allegedly so it looks like it may be fake cash but this is the thing about totalitarian ism is like you know the emperor never you know nobody could ever point out that the emperor has no clothes and that sort of society well you know going to take a break but confucius said capitalism is great on the way up but that's a great of the way to. go take a break but stay right there don't go away. mean let me let you go where you are your son. on t.v. it's one of. those whom you know most of the best will be in your years and you know it was not a. good month but you. please not believe the ways but the idea of the white. folks. even stimulus is you. know one of those little. these get. you know it's like no you know you can close the. united states has always had a tool it's news and it's a tax on other country's. economic sanctions or are often just the beginning another thing you like to do is place

china they have defaulted on bond payments even though their cash balances allegedly way bigger so fitch ratings is asking like how are these companies the faulting when they have way more cash allegedly so it looks like it may be fake cash but this is the thing about totalitarian ism is like you know the emperor never you know nobody could ever point out that the emperor has no clothes and that sort of society well you know going to take a break but confucius said capitalism is great on the way up but that's a great of the way to. go take a break stay right there don't go away. join me every focus on the alex i'm i'm sure and i'll be speaking to a few of the world the olympics for christmas i'm show business i'll see you. welcome back to the kaiser report imax keyser we're in las vegas and when ron las vegas we are very happy if we get a chance to speak with tracy mayer who's one of the early adopters of the big quite space he's an entrepreneur he is an author he's written some papers over his years to covering money hard money gold and of course bitcoin trace welcome back yes thanks ma

china they have defaulted on bond payments even though their cash balances allegedly way bigger so fitch ratings is asking like how are these companies the faulting when they have way more cash allegedly so it looks like it may be fake cash but this is the thing about totalitarianism is like you know the emperor never you know nobody could ever point out that the emperor has no clothes and that sort of society well you know in a second break but confucius said capitalism is great on the way but that's a great of the way to. go take a. stay right there don't go away. from . the stand. alone one has. a good i'm a lot of trouble at the rather cross i thought before or. i'm going to let him but i don't cut him then you cut him and kick and. i don't lose each other for truffle not that i'm. living. below the line. this whole fool place choice i knew where you're from and pay i think time in syria says. he she ought to have a. model for them after the whole fuck around with mr hate for jim and then oil for hope that our freedom in your court. attempted force regime change in venezuela brought

china they have defaulted on bond payments even though their cash balances allegedly way bigger so fitch ratings is asking like how are these companies the faulting when they have way more cash allegedly so it looks like it may be fake cash but this is the thing about totalitarianism is like you know the emperor never you know nobody could ever point out that the emperor has no clothes and that sort of society well you know in i think a break but confucius said capitalism is great on the way but that's a great of the way to. take a break but stay right there delco way. beyond and. i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten white collar crime stamped each day. eighty five percent of global wealth you longs to be all for rich eight point six percent market saw a thirty percent rise last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only nu

fitch saying they might consider downgrading the u.s.nd a debt ceiling limit coming up in march. people are not comfortable with the possibility that this could get worked out. what is the danger for the credit worthiness of the united states of america? it has happened under prior missed rations, my point is that i have been talking about this since 2013. this debt situation is real, not only the credit worthiness but the ability to go out on quarterly bond auctions and purchase bonds based on the good faith of the federal government. it's time we get serious about doing the five things the president has talked about. the good news is, nobody is talking about by growing the economy more than a hundred basis points a congressional budget office us as we can add about $300 billion a year on federal tax revenue. we see that happening now. the cause of the turnaround in the economy next 10 years we have lowered the debt term by about $3 trillion. on the other hand we still have to save social security, medicare and medicaid, because these a

crews are worki o fitches. let's start in virginia along the entire length of i-66 where work is ongoing inside and outside the beltway. the most disruptive work will be outside the beltway where two new aoll lanes being added in eacct din. and all of this is right next to traffic. >> we really want drivers to be aware. to take their time when traveling through these areas. >> the earth is movings the purple line continues to reshape the landscape. there's plenty of heavy lifting e' do. >> super sympathetic. we're loud. we vibrate. we have major infrastructure to build. >> you'll soon see noight turn on red signs as first reported. about 100 intersections will get no right on red >>gns of the. e think the mayor has heard the calls from the public that we are in a crisis. >> and still a lot to figure out but lots of construction on tap. >>> traffic changes today are all designed to help reduce tt he had pedestrian fatalities. it is 3 points n on a driver's license. the penalty for blocking a bike lane is up to $

now there's a warning about america's credit wages coming from fitch ratings agency. they say if the government shut down continues, we could see a cut in our gold plat plated rating economy is with us founding about member of bain capitol and welcome to the program. >> that you think. you think it will happen. let's suppose we do have a continuing government shutdown. do we drop lose our credit aaa rating? >> i don't think market is betting that will happen because can bees laid out was shutdown last until march we can't reach an agreement on credit ceiling we can't reach are an agreement on budget sure if all come to would it jeopardize our rating it would because it did the the last time but if you look at bond futures they're flat if you look at the market it's way up, and if you step bag to look at the big picture do you see that household -- net worth relative to amount of debt never higher than it is today and we've never been stronger financially than we are. >> so you're discounting this threat. >> i think a little politics in that threat. >> oh, really that'

because it is that digital, it is either bad or fitch downgrades u.s. debt which would be a huge negative, or, it is not that, it is not happening we're not going to see it impact the markets so much. neil: gerri, one thing that is interesting, as you see tentacles spread, just on the core of government, how it affects us sba loans are essentially shut down for business, businesses can't get loans, ipo's are delayed, food and drug inspections are compromised. people with fha loans, they see their closings put off, if not denied, so it does have a spread effect. maybe that is made up like hurricane analogies you hear, when you lose one quarter you gain back in the next when people are back to building what do you think. >> you made a good point it could regain in the next quarter when i talk to traders about the issue you roll their ice. what do you mean can't keep the government operating? how hard it can possibly be? they are nonplussed. i have to tell you the ipo market there was so great expectations around lyft, and uber and a whole host of companie

is in danger of losing its aaa credit rating if the shutdown continues we will talk to the ceo at fitchater in the show. >> federal reserve releasing their minutes from the december 19 minutes some gradual increases in benchmark fund rates would be appropriate and the fed can afford to be patient about further policy firmingly >> minutes with downside risks ahead including sharper than expected slowdown in growth, and escalation in trade tensions tightening the financial conditions also. >> let's bring in michele meyer, chief economist at bank of america. i was surprised to see the patience and muted inflation and it sounded like jay powell last friday and not at the news conference from which the minutes came from that meeting what is going on here? how do you make sense of all of this >> yeah. i agree with that. it could be that jay powell in the actual press conference, you know, maybe he did not exactly strike the tone he wanted to subsequently he corrected himself and we heard the idea of caution, patience. there are a lot of questions out there. that was very obvious in the minute

he was offered a substantial sum of money by abercrombie & fitch to not wear the company's clothes.was the world's first un-dorse mchun-dor un-dorsement. you know people who are npaid nt to wear clothes pouporn stars. one tanned reality star who doesn't pay taxes, one to go. more than 30,000 teachers from l.a. unified school are picketing. hundreds of thousands of kids are staying home in support of the teachers. and while most of them might be content to hang out and play fortnight, this is a chance to kill two birds with one stone. >> attention l.a. public school students. while teachers are on strike you could be sitting in a classroom watching "mr. holland's opus" again. you can be helping the government. >> i'm a tsa agent. spread'em. >> i'm a federal meat inspector. looks good! >> i'm a prison guard! get back in your cell, murderer! >> get a head start in a career with the government. turn playtime into pay time. >> jimmy: we have a good show, music from mitchell tenpenny, abbi jacobson and ilana glazer are here, and we'll be right back with ted danson. ♪ ♪ they've got a chanc

we had fitch come out and say we might take a look at the credit rating for the u.s.nment because it may run into the debt ceiling. libby: yes. a couple things. i think it is affecting the morale in the government. i was down in washington yesterday, and even though we are talking about 25% of the government that is closed, it is putting a burden on existing government employees. they are having to step up and compensate for those employees that are furloughed. puttingso -- it is obstacles in terms of getting things done. we are seeing this have implications from an economic perspective. we have never had a government shutdown last longer than 21 days. we will surpass that if this continues through saturday. then you could see real economic consideration. then does the fed consider this when they meet in march? it has a real spillover affect. david: really important point to we had raphael vos make from the fed in chattanooga give remarks. he said if this continues, it will push off growth. gdp growth in the country at some point. libby: kevin asset from the cia he is

fitch ratings says the u.s.edit rating if the government shutdown continues long enough. that issue has popped up before. >> it costs more for us to borrow. it hurts the economy james mccormack says if the debt ceiling becomes a problem we may need to think about a policy framework. he warned about the government's inability to pass a budget and whether that's consistent with the aaa rating the government currently holds. >>> a tsa agent talks about airport security. what are they telling employees working without a paycheck? it was here. i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. i needed answers. my doctor and i chose xarelto® to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. warfarin interferes with at least 6 of your bod

that's where we are now and we're also facing a threat from fitch that they may downgrade america's creditg, are you worried? >> again, i'm not a political scientist, i'm an economist and i'm not a member of the cabinet. if you look at the 46 act, the cea was put here so i would describe the data to americans and the president. >> but are you worried a downgrade of our credit? >> well, i don't think a downgrade is in play but i think we're in a world where we've had 21 government shutdowns since the 19730s and this brinksman ship goes on and on. but i don't think there's any risk given how strong the economy is we'll be downgraded. >> but it does concerns you. >> it would be a better world -- but, again, going back to the fact just to -- going to my own staffers, i have a staffer, a young person just out of college who took a 50% pay cut to work at cea from working at a fancy con sultsing firm. we need to have a government that's filled with people like that, with people who love their countries so much that they want to come here and serve it. if people are facing the uncertainty i that w

then fitch, jim.s is a little farther out, but they are warning about taking away aaa credit rating on the u.s. if the shutdown bleeds into march, and this whole thing starts to be more about the debt ceiling than the shutdown itself -- >> well, we know that they feel compelled to be able to do this. we saw that, what, in 2011 it scared a lot of people. i think it is great that fitch is out there saying these things, i think a lot of people want a resolution, but it is just pressuring democrats, republicans to get together. you mentioned earlier constellation, i think this is really interesting, this is a sea change constellation is talking about why and spirits being down single digits, down. you have to start -- and beer depletions the amount of beer being drunk is going to be down. you have to wonder whether the growth rate of beer leveling off and wine and spirits being down, remember, the growth rate of beer that is down, not the actual use of beer, is it pot, is it cannabis what the people like

government shutdown with still no end in sight after president trump's address to the nation last night fitch is now warning of a possible cut to america's aaa debt rating if the shutdown continues to march 1 that's the date the u.s. is also expected to hit the debt ceiling. the white house is estimating the shutdown sheds 0.1% off the gdp every two weeks. the next guest says the economy is being strangled, not by the government shutdown. he says it's being strangled by the fed. let's bring in larry lindsey currently president and ceo of the lindsey group. guy adami is still with me larry, welcome to you. >> great to be here. thanks for having me >> you said you didn't think the fed should raise rates in december they went ahead and did it anyway now a lot of commentary where they seem to be saying we're going to be flexible about the balance sheet. we'll make sure we don't go too far, too fast. what do you think is the right thing for them to do here? >> well, the fed's mandate is inflation and unemployment i.e., things get too weak and they should probably be cutting rates and there what th

surprisingly, having a pretty good day overall in the retail sector nice moves up in abercrombie and fitch, all department stores moving to the upside saudi arabia talking about lowering production, waiting for that to come through overall and utilities, consumer staples. defense names they're all lagging. big moves up in retail names today. in terms of the turnaround, well, it's been pretty amazing, i would say, in the last five or six days here's the three things i think matter most for the overall market graded clarity from the federal reserve on interest rates. that's the most important thing. china trade and tariffs. talks are resuming the vice premier stepping and participating in that. quite serious. and chinese economy is a separate issue from tariffs completely government there is more and all three different moves. gas prices, 20% lower. much lower recession risks and earnings, numbers come down a bit but not dramatically a much different market than even one week ago. remember the terrible close we had on december 31st back to you. >> bob, thank you. last hour on the "the exchan

. >> jimmy: i might have called the coach of the clippers, bill fitch, phil bitch accidentally a couples the most fun ever. >> jimmy: okay. >> the day before my 60th birthday. which is weird because on my imdb page, i'm 48. [ laughter ] >> jimmy: just shows how much range you have, really. >> yeah. and the yankees signed me to a one-day practice. >> jimmy: the greatest, right? >> and i was the dh, the designated hebrew. [ laughter ] against the pittsburgh pirates. i was the leadoff man. and i was never more nervous in my life. i mean, i was a good player, but i'm 59 years old. >> jimmy: yeah. >> just getting a cup on, i tore a hamstring. you see how i do that. this is right before i'm going to make my major league debut with the great hall of famer to be next year, derek jeter. look at the look on my face as derek is -- [ laughter ] he's about to say," way to go." he had a superstitious thing about tapping guys on the head. if there was a reverse shot and you saw me from behind, i would have been in trouble. [ laughter ] >> jimmy: yeah, right. he does look -- >> i was that nervous. >> j

and rating agency fitch warns a prolonged shutdown threatens america's aaa credit rating.eing disruptions for 800,000 federal workers. they've set up more than 1,000 fund-raising pages. some furloughed workers are applying tor unemployment benefits. that's money they have to repay if they get back pay after the shutdown. federal workers who decided to retire face long times because people who process those retirements are furloughed. the last line of defense taking out a loan on retirement savings to pay bills. i don't recommend it, but even then it's not clear whether hardship loans are going to be allowed. without income the loan would be in default right away. >>> a tsa checkpoint forced to shut down in houston due to staffing issues. all flights scheduled to depart from terminal b are operating out of different terminals. at miami international, staffing problems shut down concourse g on sunday. and on the border, some frontline border patrol agents are moving to cover the desk work left behind by furloughed workers. john? >> christine romans, thanks very much. the imp

she is a partner at the law firm kalijarvi, chuzi, nenewman & fitch. welcome to democracy now! david borer, let's begin with you. i spent a lot of time in airports this weekend. i talked to a lot of tsa agents. they are all being forced to workrk without pay.. can you explain how this is legal in any way? >> good morning, amy. that's right. we represent 42,000 tsa workers. to, they are being forced work without pay. they have been doesn't they did -- designated as he central employees. or thes no pay for them furloughed employees because of the lapse in appropriations when the spending authority ran out before the holidays. yes, they're being forced to work without pay will stop 400,000 federal employees coming to work every day in essential services like tsa, like the bureau of prisons, like food inspectors and so forth. and yet no promise even they will ever be paid for this. juan: heidi burakiewicz, this is that the first time this has happened. can you talk about the lawsuit that was previously filed on this issue? i think it was back in 2013. and how far that got along in

reporter: you might remember a warning from fitch earlier this month when the government shut down was ongoing at the time. they said if the debt ceiling becomes an issue in march, if the government shutdown persists into march, then potentially the united states aaa credit rating could be at risk. a long way to go down that line, potentially, but you sort of get the idea here when you start talking about about bringing in the debt ceiling into wall negotiations. melissa. melissa: absolutely, blake, thank you for that. connell: all right. waiting for apple. apple has been under pressure. the bruised tech giant set to release quarterly earnings this hour. a report that could shake things up in the market heading into tomorrow and impact you and your wallet. we'll bring you breaking numbers literally as soon as they hit. melissa: plus, shaping a new deal. uk lawmakers voting on crucial amendments to prime minister theresa may's brexit plan as the clock ticks down to the departure from the eu. can parliament find common ground? we find out next. connell: heckled for weighing a third party