cheryl: my cohost lauren simonetti is at a luxury mall in new jersey. ink that's a big question for you today is will people come there will they stay home in their pajamas and chop? >> i think a bit about. look behind me. you have a lot of people lined up. i would say may be 70 people bright and early here. here's the question, what are they lined up for? i got it right here, guys. these goodie bags, the mall gives out goodie bags with as much as a $500 gift card. [cheers and applause] lauren: that's how you entice people off the couch, the phone and into the mall. cheryl: you also got think you have a lot more to talk about with a guest you want to bring in to discuss the issue of black friday and shopping. all the numbers, they have to love it. lauren: we have jason wolseley joining us now with adobe work jason, are you there? >> i'm here. how are you? lauren: jason, we are so curious to get your input on what exactly is going on throughout the country. i have people lined up at 5:00 a.m. outside a brick-and-mortar, but they are here for a goodie bag.

it is black friday, and our lauren simonetti is at some luxury e outlets in bergin county, new jersey. lauren, what's going on? >> reporter: ashley, the big question is, is black friday dead? got here this morning at four a.m. a long line started to form because folks were waiting for gift cards to the mall, between $50-$500. it's an experience, go with our family, friends and show up. steady traffic, as you can see, all morning long. and a lot of the stores, i'm in front of the kay jewelers outlet right now, take a look, ash, save 25-80% on the entire store. there's nobody in the store. the store is completely empty. on black friday. follow me now. we're going to make it to a store where i spent a good chunk of my time, and you can also let me know if i can expense any of the items. this is the disney outlet store. i went in, and the sign says 20% off until 10 a.m., is so i brought a frozen 2 castle. so excited. [laughter] to test it, i said let me see how much this would be online. same exact price with the 20% off and not until 10 a.m. so there you have it, is black friday dead? as

-- cheryl. >> good morning i'm cheryl casone. >> good morning thank for joining us i'm lauren simonetti>> e let's fake a look at how your money is moving this morning as we await con depressional testimony today in d.c., dow future down 119 s&p down 13 and a half and nasdaq down 46 now the dow is lower right now, almost terror threats and we close flat yesterday and closed for a new record on nasdaq last night pretty good. >> a point away. so weal see what happens today. overseas in asia more unrest in hang seng down almost %. >> europe unclear that president will delay awe tariffs and might know something this week but under pressure. tack and dax 40 are down. now to our top story all eyes are going to be on capitol hill today. this is a live look we're in just a few hour, public l impeach m hearings will begin. ambassador bill taig color and john kent will be testifying first. >> and ahead of the fireworks griff jenkins live from long worth house office building with what we can expect. griff, good morning pep >> good morning, lauren, and cheryl expect history to be made, the back dro

i'm lauren simonetti. cheryl: let's take a look at how your money is moving.e back a bit overnight. we got comments from china's vice premier that he's cautiously optimistic about a phase one deal. dow is down 36, nasdaq down 16 and-a-half. lauren: stocks down in asia as well. responding to an earlier report that the first part of a trade deal won't happen this year. the shanghai composite losing a quarter of 1%. cheryl: a lot of back and forth and the europeans are watching all of this. the ftse is down 1 and-a-half percent. they have zoa mess particularthg on. lauren: democratic candidates took the stage last night in the fifth debate of primary season. they locked horns on a few major issues. cheryl: we've got hillary vaughn live for us early this morning from atlanta to break it down. what a night, hillary. >> reporter: good morning, lauren and cheryl. for the first time, mayor pete buttigieg took the stage as a frontrunner in iowa and a top contender in new hampshire. his rise to the top tier made him a target last night. he fielded criticism about his la

lauren simonetti joins us live from new jersey, hundreds of shoppers taking advantage of the deals anden, i peel like 25 years -- feel like 25 years younger. in many ways it's a college reunion. so many groups of younger people, you can see their college names on their sweatshirts, so it's an experience for them. as you noted, they came early, they got their gift cards to spend money. it was a good one, or dagen, i'll give a show and tell in just a bit, but most every apparel store is 60% off, and some of these are discount stores and outlets. i also went to the disney outlet and i said, okay, extra 20% off until 10 a.m. so, lo and behold, i decided to take part in frozen 2, and i bought this castle. and then i checked my phone, and the same price online. so i think that's your story. you think you get a great deal showing up early, getting that doorbuster, and i found the same price online. what does that say about black friday in stores? dagen: i want to see that again. hold up -- >> reporter: there you go. dagen: that's great. i love it. [laughter] >> reporter: yeah. i thought i was

lauren simonetti with the details this morning in headlines. morning as protesters tried the to block roads and hold up train service. video of the shooting went viral on social media, shows an officer firing multiple shots toward the cloud. elsewhere, a man was set on fire after consistent fronting conff demonstrators. this is one of the most violent days in the six months of protests in hong kong. weeks before wework expected to begin publicly trading its stock, the startup was sparing with the securities and exchange commission. that according to the wall street journal. the paper adding that the sec zeroed in on how wework framed heavy losses and ordered the company to remove certain metrics from its prospectus. if you want to play soccer but don't have anyone to kick the ball around with, mit has an answer. it created the mini cheetah robot and trained it to play the game. it can do flips. it can -- nice landing. it can walk right-side up like we can and also upside down on its hands. it won't win a marathon. its top running speed, about f

lauren simonetti with the details. ation's security at risk. a half dozen executives at venture technologies in long island, new york, arrested, accused of selling more than $20 million of security equipment that was labeled made in the usa but came from china. it included metal detectors and turnstiles. cbs is under pressure for firing a employee who -- complaining the jeffrey epstein story was killed by the network. the employee obtained the footage from an employee of abc. both networks were criticized for the collaboration. fewer young people in america are buying homes. this according to the national association of realtors. the median age of a first time home buyer is 33, that is a record high. a number of factors are the cause. including rising home prices, higher property taxes, and student loan debt plus other debt. tighter lending standards make it tougher for borrowers who don't have high credit scores. so we're doing everything later in life these days, having families later, so we're still doing it i guess.

lauren simonetti with the details. what a story. lauren: unexpected. for the chicken sandwich. police now looking for the suspect. the popular chicken sandwich returned to popeye's menu over the weekend, two months after going out of stock. well, shares of xerox are rallying in the premarket. the company now exiting its joint venture with fuji film, agreeing to sell the 25% stake in fuji xerox to the japanese partner. this move after investor opposition blocked the planned merger between the two companies. tired of hearin hearing poll mig with your -- politics mixing with her entertainment. seth meyers understands and is doing something about it. he partnered with netflix to give you the viewer the option to skip over trump related jokes in his new stand-up special called lobby baby. it worked like the skip intro feature that netflix offers on many of its shows. that special debuted today on netflix. so if you don't want to hear the trump jokes, you just skip them. maria: what else is he going to talk about, lauren? i mean -- >> that's ridiculous. if p

lauren simonetti. >> it's unbelievable.wall street is unravelling on the safe investments like bonds and pouring into riskier investments like stocks. check out the screen. the dow adding 1.2% on the week and ended in record territory. 393 for s&p 500, and the nasdaq closing at a record. gaining 1% on the week. gaining up six weeks in a row. investors are cheering an accommodative fed, a solid october jobs report, stronger than expected corporate profits and a government that's cutting regulations and has lowered taxes. okay. there's a china wild card, can't forget that and president trump did take some steam out of the rally yesterday when he said he wasn't willing to fully roll back tariffs in a broader trade deal. but talks between washington and beijing do continue, and even both sides to do so. that's filtering into other parts of the market. the russell has rallied and 1.93% for the 10-year yield. biggest in a month and gold seeing its worst weekly loss in more than two years. keep in mind, that feel good signals can

lauren simonetti with the story. xecutives. that inquiry includes claims that alphabet's chief legal officer currently david drummond had relationships with employees and that violates company policy. alphabet's board plans to complete its investigation by next month, not weighing on the stock this morning. it's up $4. facebook is under fire once again, this time in california over its privacy practices. the state attorney general suing the company to force it to turn over information in connection with an investigation that began over a year ago. california going public with the lawsuit after facebook refused to comply to subpoenas. facebook says it has cooperated with california's inquiry. shares up half of 1%. scary moments for a police officer in texas, trying to make a traffic stop. watch. >> [ sirens ] lauren: a camaro slamming into the police vehicle. footage shows glass flying through the air. the officer was attempting to stop another car when he was hit. nobody was seriously hurt. miniature horse getting pre

i'm lauren simonetti. ashley: i'm ashley webster. lauren: how is your money moving this morning?ng off of record highs, the dow down 23 points this morning, the s&p losing down 3 and-a-half after peter navarro said the final china-u.s. trade deal rests with president trump. ashley: in asia overnight, generally down. the nikkei in japan was up about a quarter of a percent. the shanghai, kospi slightly lower. lauren: in europe, this is how stocks have opened, a quarter percent across the board to the downside. ashley: now to the big story in politics, the 2020 field could be getting more crowded with former new york city mayor michael bloomburg opening the door to joining the 2020 race for the white house. lauren: with more, here's aishah hasnie. good morning. >> reporter: good morning, lauren and ashley. it's not official yet but michael bloomburg is expected to file paperwork for the alabama primary by the 5:00 deadline today. now, the former new york mayor would be running to so-called save the party. his team putting out a statement that reads, we now need to finish the job and

good morning, i'm lauren simonetti. ashley: love the police. m ashley webster in for cheryl casone. lauren: let's take a look at how your money is moving this tuesday. the dow, nasdaq and s&p 500 continue their push further into record territory this morning. the s&p enjoying its best year in six years, up 7 points this morning. ashley: take a look at the price of oil. opec says it will cut production, trying to get the price up. it's up marginally this morning, up 3 36-cents for crude. lauren: the japanese market is back he open this morning, up 1 and three quarters percent. the shanghai composite gaining half of 1%. ashley: europe is moving up, maybe on a potential trade deal between the u.s. and china. the ftse is up nearly 4/10 of a percent. lauren: the potential trade deal, china turning up the pressure on the u.s., both countries looking to sign phase one. beijing reportedly wants washington to drop some tariffs, specifically the 15% on $125 billion of chinese imports that took effect in september. the white house also expected to cancel a

i'm lauren simonetti. ashley: i'm ashley webster in for cheryl casone. take a look at how the markets are trading this morning, small setback for stocks. we had a record for the dow and nasdaq yesterday, dow down 18 points, nasdaq giving up about 3. ashley: what's been going on in you asia while you've been snoring. mostly higher, the shanghai down half a percent, the nikkei, hang seng and kospi in south korea all slightly higher. lauren: flipping the board to europe, we got a strong surprisingly upbeat report on german factory activity but red arrows across the board. the dax down two-tenths of 1%. while you were sleeping, kentucky governor matt bevin not giving up just yet. >> our race, would it be a bevin race if it wasn't a squeaker? i mean, come on. really and truly. this is a close, close race. we are not conceding this race by any stretch. [ cheering and applause ] lauren: that's governor bevin refusing to concede his race against andy bashire, calling it too close to call. president trump made a last ditch stop in kentucky to drum up support for b

i'm lauren simonetti. tracee: good morning, i'm tracee carrasco, in for cheryl casone. you for joining us. let's take a look at you how your money is moving this morning. it was quiet in yesterday's session. right now, on news that the u.s. and beijing have agreed to roll back some tariffs, if had they can reach a trade deal upon signing phase one of a trade deal, dow is up 156 points, nasdaq up 50 this morning. tracee: well, let's take a look at how asia is moving right now after had that news out of china. you can see all the nikkei, the hang seng and kospi pointing higher. lauren: european stocks trading to the upside as well. the biggest percentage gain is in germany, 116 points to the upside on the dax there. let's start with that breaking news overnight and dig in a little deeper. china and the u.s. have agreed to lift tariffs on one another's products in phase as trade talks continue. china's ministry of commerce says tariffs will be rolled back depending on what's in the first part of a trade deal. negotiations continue over when and where a phase one deal would

i'm lauren simonetti. cheryl: saying hello, everybody. it is a thursday. lot going on today. good morning, i'm cheryl casone. it's a big day and yesterday a giant day tore the markets as we mentioned. >>.lauren: records for the dowd s&p 500. all three major averages giving up exactly 0.15% each. cheryl: let's take a look at what's happening in asia. a lot of news coming out. we had comments overnight from the chinese commerce ministry that phase one trade talks depend on the tariffs being canceled p of. in shanghai, we had a slight gang and the kospi coming in with a gang. lauren: germany avoids recession according to the latest gdp numbers. red arrows across the screen. cheryl: we start with a historic day on capitol hill, a first public hearing in the house impeachment inquiry got underway with a brand yo brand-w claims. lauren: he let's get more from hillary vaughn in washington. >> reporter: good morning, lauren and cheryl. bill taylor showed up ated yesterday's hearing with new information. but the information did not come from him, it came from his s

i'm lauren simonetti. cheryl: beautiful shot of the new york city skyline this morning. ng, i'm cheryl casone. lauren: the shot that never gets old, right? let's take a look at your money this morning. more records perhaps today for the dow, nasdaq and s&p. rally mode, dow surging 113 points, s&p up 10, nasdaq up 35. cheryl: never get sick of winning when it comes to the markets. let's take a look at what's going on in asia. we have a mixed bag. we're watching the situation in hong kong, that escalated overnight. we are looking at positive comments about the u.s. trade relationship going on. the shanghai and hang seng are slightly higher. lauren: in europe, stocks are in the green as well. a 1.2% gain in london and in frankfurt. cheryl: our top stories is the crisis in hong kong, the violence continued overnight as a group of protesters remain holed up inside hong kong university, creating a standoff with police there. the university has been occupied by hundreds since last week. it's been the scene of some of the most violent fighting since this movement began just five

i'm lauren simonetti. cheryl: you may need to breathe as we look at the markets this morning. it's that bad. cheryl: a little bit of pressure, folks. good morning. i'm cheryl casone. lauren: let's take a look at your money. the dow is down 99 points right now in the premarket. it was down triple digits yesterday. the nasdaq hitting an all-time high, the third in a row. nasdaq down 34 this morning. cheryl: no comments from chinese authorities on stalled trade talks. we had a lot of pressure in asia, all of the major markets there in the red overnight. lauren: those comments from the president, you know, making europeuropean investors nervouss well. the german market is down 12% this -- down 1% this morning. cheryl: lawmakers are getting ready for round two of this week's impeachment inquiry later today after four witnesses testified yesterday with some contradicting the others. lauren: griff jenkins is here to break it all down for us as we gear up for another day of hearings on the hill. good morning, griff. >> reporter: good morning, lauren and cheryl. another day of hearings

i'm lauren simonetti. >> the webbing which march -- equity market opened. y veterans day to all those who served out there. the dow is down 102 points, s&p is down 10, a third of 1%, nasdaq giving up 36 this morning. that's about half of 1% in the red. deirdre: if you look, a sea of red in the asian markets right now, the nikkei, shanghai and hang seng all moving lower, this as part in tensions in hong kong soar again. lauren: good news for the u.k. economy, the they avoid a recession, gdp in the latest quarter growing. the ftse 100 is down a half of 1%. the cac is up a point. that's good news, i suppose. deirdre: we'll take it. lauren: he let's start with a bullish bull issue on the u.s. economy. jamie dimon talking up the strength of the u.s. economy under president trump despite the u.s.-china trade war and other tensions. >> this is the most prosperous economy the world has ever seen and it will be prosperous for the next 100 years. lauren: the stock market has been on a record tear. if the s&p 500 has a record close today is it would be the 100th under

i'm lauren simonetti. heat from the markets this morning. cheryl: we're going to need it.ake a look at how your money is moving on this friday. we have got green arrows across the board, trade optimism once again. it's the story of the morning. dow is up 91, s&p up 10, nasdaq higher as well. lauren: hang seng is up just fractionally. bad news out of hong kong, recession, first time in more than 10 years and with the protests and the trade war it could be even worse. cheryl: taking a look at europe peek markets, we have green across the board. that is the trade optimism story. every market there is in the green. lauren: big rally last night, president trump rallying support for republican eddie risponi ahead of the governor's race in the state of louisiana. >> i'm thrilled to be back in the beautiful bayou state with thousands of hard working american citizens who believe in god, family and country. to send a message to the corrupt democrats in washington, you've got to vote on saturday. cheryl: the president not missing a chance to tout the strong economy p. more from todd

. ♪ ♪ ♪ happy monday welcome to fbn:am i'm lauren simonetti here we go.ooking a turkey but many will be this week. even if teases meatless good morning everybody i'm cheryl casone we like to welcome you to the show. it is a holiday shortened week happy early thanks give everybody your money is moving up arrows across the board dow gain hg 74 and s&p up 7 nasdaq up 30 this morning there's optimism on a u.s. china trade deal. on heals it that have prodemocracy vote count in hong kong and ongoing trade you see between u.s. and china take look at all of the green arrows in asian markets. japan the shanghai all raising substantially higher. and in europe stocks at this hour also trading to the upside will a 2% gain by the one hundred in england. top story as if 2020 playing field couldn't get bigger former new york city mayor michael bloomberg is officially throwing his hat into the ring and not everybody is happy about it. fox's lauren is in washington with more. >> i'm mike bloomberg and i approve this message. made it official entering 2020 presidential rac

en ♪ happy wednesday morning i'm lauren simonetti welcome to fbn amy l. eryl: it's thanksgiving eve. thanksgiving eve. all right good morning. lauren: good morning. cheryl: cheryl casone no food has been made. lauren: money is moving this morning holiday shortened week but look market continues to melt up towards new record highs all three major averages will open in record territory today dow up 37 and 100th record close under president trump. >> so many thingses happening in asia and markets are chosely following every twist and turn of u.s. china trade negotiations. pretty much you've got green across the board xepght for shanghai a little bit of pressure over there overnight. >> stocks are trading to the upside as well half of a percent gain in london and in frankfurt. cheryl: we start with breaking news a massive chemical plant explosion just happening within last couple of hours this has sent flames shooting through air this is happening near beaumont, texas right now. this doorbell camera footage exact moment the giant fireball rocking homeses for m

i'm lauren simonetti. cheryl: we're not going to let it go at all through the whole show. oke is going to stop, i promise. good morning. i'm cheryl casone. it is friday. lauren: and frozen 2 is out, it's in h theaters, going tonig. it's been a down week, first down week for the broader market in six weeks but the dow is up 52, the s&p gaining 6 this morning. cheryl: the comments from xi-jinping overnight, let's take a look at asian markets right now and you've got green a across the screen except for the shanghai market, look at the hang seng, look at the kospi, all green. the nikkei as well. again, china looks like they're ready to make a deal. lauren: the new european central bank head christine lagarde is speaking and in europe stocks up across the board. cheryl: we start this morning with china, they are vowing to retaliate if necessary as they work to reach a trade deal with the united states. that statement from president xi-jinping coming one day after china invited u.s. trade officials to beijing for a new round of trade talks. xi added that china has a positive att

i'm lauren simonetti. >> yeah well it is a great morning for your money investors gobbled up stocks yesterdayso major indices we're set to open at record high this is morning right now we're a little bit to the downside. back to change, though, the dow is down 12 s&p up one and three quarters nasdaq down one and three quarters but the dow could if things turnaround hit a 100th record close today under president trump. that's unbelievable. records indeed set yesterday, the s&p 500 and nasdaq both hitting all time high as you can see on this screen. if you're keeping track, with the s&p had its 24th record close of the year. the nasdaq had it 19th. all of these new highs are under president trump. that tech heavy nasdaq led the way with 114th record close that was powered by technologying toes trade optimism there and s&p is 10 4, dow hitting 9 record close all under president trump we shall see how marks do today. >> you think people talk about this at the thanksgiving table. the market up 66% since trump contributing to good news is this breaking overnight. china ministry of commerce says hee

let's go to lauren simonetti, she's got the latest on best buy earnings. oliday frenzy is here. best buy just reporting earnings, it's a double beat. earnings per share, $1.13 a share, revenue, $9.76 billion. look at the stock up 5% in the premarket because best buy raised the full year outlook. 60% of products from best buy come from china. they are working to reduce that to 40% in september. some of their core items like smart watches and tvs were hit with tariffs. obviously, wall street likes the strategy going forward. maria: we're looking for any indicator of the consumer here. we've got retail sales last week, still that's the strongest part of this economy. >> it is. but is a tale of two cities. some of the retailers are doing extremely well, others are struggling. so it's not prosperity for all. maria: this used to be the product during the christmas holiday. >> that's right. maria: you've got to buy technology, go to best buy. >> best bay ma buy may not be s significant. best buy these days is kind of that forgotten name out there, now that you hav

lauren simonetti on headlines now. lauren. lauren: good morning. a family of nine. officials say they arrested an individual who is holding two hostages in the state of sonoro, mexico, armed with weapons. mexican and american authorities are investigating the massacre. three women and six small children were killed. eight children did survive. well, president trump making history this veterans day. he will be the first president to ever kick off new york city's 100th annual veterans day parade with an opening ceremony speech. the white house announcing this this morning. trump has a long history with the parade, donating $200,000 to make it happen back in 1995. the holidays are coming to starbucks. and we've got an early preview. the coffee giant unveiling its holiday cups and sticking to the classics. merry coffee in red and green. anything controversial about that? maria: i don't think so. lauren: they'll find something. they have new drinks out. the under-rated eggnog latte is my favorite. they have new treats out as well. >> don' don't forget a

there will be a veto card that if you start talking politics, stuart varney, lauren simonetti i can slingn in the game of uno. stuart: everything is political these days. lauren: doesn't make any sense. stuart: eating a turkey is political. are you a vegan or something. lauren: when you see red do you think republican? when you see blue, i don't think of those things automatically especially playing a card game. stuart: when i see red and blue. i think socialist. ashley: where is my veto card. stuart: quite a show. i will get back to the democrat debate tonight in atlanta by the way. in the next hour i will ask rnc chair ronna romney mcdaniel what she expects to see tonight. president trump will be on his way to texas to tour the apple factor there with tim cook. i will ask north dakota senator kevin cramer how much a hand the president had in it. in what? i didn't see this. >>> uber starting to record audio during rides. they say it's a safety precaution. what will judge napolitano say about that? we'll ask him. ♪. the world is built for you. so why isn't it all about you when it comes t

"fbn:am" co-host lauren simonetti with details. >> neil, look at zillow's stock, it is flipping out becausesort of this is not like a hgt v-type flip. they find homes to buy, all cash. they paint them. clean them up, but we're not taking major renovations. sell them as fast as possible for a profit. zillow ceo rich barton says that will bring in $1.25 billion. this is about instantaneous for the seller and fees for zillow. the cut they take doing this between 6 and 9%. they have to pay out for underwriters they use, local brokers. so even though the stock is surging today, a look at that, up almost 12%. there are challenges. analysts don't see a profit for zillow until the year 2024. zillow reported a loss of almost $65 million last quarter. so zillow started flipping about a year 1/2 ago. they disrupted markets mostly in the sunbelt, think orlando, houston, basically cities people were moving to. they are in minneapolis and denver. they're about to hit los angeles. eventually expanding with 26 markets, comes with a cost, neil, that investors are certainly ignoring today. back to you. neil:

lauren simonetti is looking into the whole taylor swift controversy. what is the deal?n both sides. big machine's bosses hate taylor swift and vice versa. this was founded by scooter braun. back in the day, she was 16 years old. she made six albums with big machine records, all of them went platinum. she left that record label. now she is with universal. as part of the arrangement, she said, i don't own the rights to my own music. i don't own my masters. i really want to. neil: how did she let that happen? >> maybe because she was 16 at the time. a lot is usual hollywood stuff. she can own rights to all the platinum albums if she rerecords new stuff, rerecords albums starting in the year 2020. neil: oh. >> she would sound different, being 29 now, rerecording something she sank at 16. either way, this is why this is an issue. she is artist of the year. she will be awarded later this month at the amas. netflix making a documentary about her. she reached out on social media, enlisted fans to tell big machine, if you want to hear my music, it is not 2020. this is 2019. i ca

lauren simonetti is crunching all the data. >> sure have, neil. start with kentucky we're awaiting official result there but it appears democrat andy beshear declaring victory over incumbent republican governor matt bevin who has not conceded yet by the way. what do you need to know? beshear is a moderate. he did not talk of impeaching the president. he was not a polarizing figure. he won in a straight that president trump won by 30 percentage points in 2016. beshear highlighting all this in the centrist tone early this morning. it is about changing the tone we have heard in frankfurt for the last four years. about coming together to make sure we work on the things we agree on. that we can still talk to each other civilly on the things that we disagree on. reporter: further south, mississippi's governor mansion stays red. tate reed defeats jim hood. a mooed rat came within 5% of his republican opponent. 47-42%. pretty close. big win by democrats in virginia sweeping both statehouses first time since 1993 flipping key suburban seats blue. republica

first we are taking you to lauren simonetti. she is at the outlets in new jersey. how corroded is it? >> the parking lot is completely full. this model has been open for five hours. the line started at about 4:00 a.m. as the morning progresses, it is is certainly getting busier. the line started to get people into the mall. giving out these free gift cards that drew the traffic. it is an outlet. 60% off off the entire store. you have to boys. i am sure they like sneakers. look at this line for the nike store. the entire store 30% off. because it is an outlet, you can walk out of here with sneakers as low as 20 bucks. a lot of action has in here today. it is black friday. this is what i will say. people are showing up. they are showing up for the experience. a lot of young kids, college students, gently. a college reunion earlier in the day. now there are a lot of families. as it gets later on, you will see more the baby boomers. different generations making their way through. brick-and-mortar is not dead, but online is really booming at the same time. if you have a

do thank you so much for joining us alan patricof, we have better than expected housing data lauren simonettiumbers show that the lower mortgage rates influencing you housing sector look at housing starts ground breaking new going to be rose 3. % from september to october coming in 1.314 million want to point out biggest part of that single family housing construction that rose to nine-month high only fell one part of the country northeast, go figure. now if you look at permits this is future ground breaking new going to be, they surged 5% we are talking 12-year high right now, 1.46 1 million rates below, 30 year if i could morning 3.75% reinvigorateing housing market back to you. >> worries mount aring for wework new york state attorney general launching investigation into the embattled company for laying off thousands employees stuart varney weighs in on that when we come back modernizing medicine how stanford hospital is krooukt robots to transform the field. wait till you see this. back in a minute. tionwide helps you invest for your future, brad. so you can plan for retirement and save f

lauren simonetti, what's it all about? lauren: $7 a month, that's very affordable.ay for expensive cable pay tv bills so they can watch live sports as they wish. this gets you almost everything. lots of games, lots of special shows, for $7 a month. a lot of folks looking to cut the cord. they say that's it. stuart: i don't need cable tv to get the nba streaming service. i can do it online? just get it just like that? lauren: just like that. add that to all the other little bills you pay for netflix, disney plus coming next week, apple tv. all in. stuart: nba streaming online. short, sharp, to the point. not bad. >>> the futures market shows a gain at the opening bell this wednesday morning. we will be back to cover it after this. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for

lauren simonetti has the story.ll me why you have got a long face because you don't like what they're doing. lauren: it's good news. so smile for that. it's $2.5 billion, basically putting money into an investment fund to jump-start shovel-ready products, a program for first time home buyers and land they can actually develop. does this keep residents in the state, though, where the average asking price for a home is well over $1 million? if you look at the past couple of months to the tune of 10,000 a month, residents are leaving because it's just too expensive. does the $2.5 billion go far enough when you have red tape including expensive labor, expensive land, the zoning laws, very long process to get housing projects approved. that has to change in addition to this infusion of money. stuart: i'm with you. i think apple would better spend its money changing the rules and regulations on building new homes in california. change the rules and get some homes built. because right now, you can't build them. ashley: nop

to latest gdp number, durable-goods orders are also out jops claims numbers full analysis to lauren simonetti between july and september up 2.1% first estimate expectation was up 1.9% a big beat, also take a look here, at durable goods orders for october big expensive items we were expecting them to decline in fact declines second month in a row guess what they rose .6% if you look at proxy for business spending, the nondefense capital goods expected to fall did not it rose 1.2% so this is much better than expected numbers two major reports market not reacting. we stayed open slightly higher again any gain for major averages third day in a row back to you. >> within that gdp number, corporate profits, off 1.3%, dagen you have been waiting on that. dagen: after taxes, not included in taxi effect actually down 6/10 of a percent profits rose 3.3% yl rate second quarter down 6/0 of a percent in third if you don't factor out profits i know we have a special guest inside who will weigh in on that. >> absolutely we have macroman of president stephanie pomboy good to see you thanks for joining us you

lauren simonetti, are they now developers rather than brokers? lauren: they are high tech online home flippers. they use algorithms to buy, fix up, then sell homes in about a quarter -- two dozen markets throughout the country. but the stock's up almost 10%. you know they're not profitable. they have never turned a profit. they do not expect to turn a profit until the year 2024. so yes, it's a great thing that this year, this high tech home flipping, if you will, is going to net them or i should say sales would be as high as $1.25 billion but they are still losing money because it's expensive to do. stuart: but that's a shocker. i didn't know that. i didn't know they never made a profit and they don't expect to make a profit for another four or five years. lauren: they are trying to figure out a way to do that now. i looked at some of the numbers here. they do take a 6% to 9% fee for this flipping which is higher than traditional, but you know, the algorithms can make the wrong bets and the wrong markets and then they have to, you know, pay out fo

joining us, joel shulman, deirdre bolton, lauren simonetti. joel, to you first.y big deal. >> it's a big deal, but shouldn't be surprising. lot of consolidation going on in financial services. there is still going to be the number three player in the industry. vanguard dominates. i think they have something like a quarter of all the assets under management. so we are going to continue to see this, particularly as we soo he the brokerage housing on the race to zero. they are all moving to zero commission. stuart: the name of the game is maximizing the amount of money your company has under management. >> that's exactly it. aum, assets under management, the key driver. when we look at the commission costs, it's really secondary because they can make more money in the spreads, more money in managing the assets and they need to get economies of scale. this is an industry where if you are small, you are going to get gobbled up gory oor go out of business. stuart: should i invest in smaller discounters? >> smaller shops are being acquired. there's a lot of activity the

still with us, god bless him, market watcher keith fitz gerald, thank you, keith, susan li, lauren simonetti. to you first, keith. look, these stocks, these markets, just keep wanting to go up. what stops this rally that's lasted, what, 11 years? >> well, i tell you, there's a lot of things that could stop it. will they stop it is an entirely different question. there's tweets, geopolitics, all of which would have stopped it a decade ago. i think this speaks to the resilience of the american people, our economy and our president. susan: by the way, look at the gdp read we got this morning. better than expected. it shows that profits from current production as they say going ahead of estimates. that means companies are making a ton of money. we have seen ten record closes so far just in the month of november and we finally hit thanksgiving and we are not even at the end of the year just yet. lauren: i will build on that. we got the durable goods orders earlier this morning for october as well. a surprise increase. if you look at the capital spending, the business spending -- ashley: i was jus

. >>> david dietze is here, lauren simonetti, deirdre bolton.i'm coming straight at you with this tesla pickup truck. as you know, the windows were smashed. they are supposed to be shatterproof. they were not. they were shattered. i can't believe the stock is losing $15 a share because of the shattered windows. >> totally agree with you. i actually think they probably planned that. i think this is one of the greatest strokes of marketing genius. they are getting great attention worldwide on their new truck. of course, i think what was also very interesting, the price it's coming in, under $40,000. no one else's truck is going to be able to withstand that metal ball. they are sending a very strong message to detroit because they are coming after the most profitable segment of their business. stuart: look at this thing. i mean, i own a truck. i've got a farm and i've got a truck. i put stuff on my truck and it's not going to get on to that thing right there. that is not for farm use. lauren: it looks like a trapezoid. maybe you can call it fashion

: welcome back fox business alert the october consumer price index hitting tape let's get to lauren simonettimer price inflation rising 0.4% year-over-year, rising 1.8% so both numbers hotter than expected market is still down although not as much as it was momentarily, just a moment ago, i am looking right now for the core numbers, maria. and expectations for minus volatile food energy category what was core? >> .2% month-over-month unchanged. and the year-over-year number was lighter than expected, 2.3% we were looking for 2.4% above the fed's inflation gainl was the number we saw september the that came down, to 2.3%, minus food and engendering prices in month of october back to you. maria: lauren thank you so much when you take out food and energy it was less than we thought stephanie but with food and energy hotter than we would have liked 4/10 of a percent. >> i don't think impacts fade policy obviously, one month wouldn't anyway this is clearly not something that is dramatic enough to get powell off the dime. >> hill sbeedout lope borrowers i think bad for them a small market governmen

lauren simonetti is outside on fox square with the good people from cracker barrel. me all about the busiest day. lauren: i can't believe it. you must have a really good turk turkey. how many turkeys do you sell on thanksgiving? >> in the past decade, we have sold four million pounds of turkey and nearly 50 million ounces of turkey gravy. lauren: so it's just busy from the moment you open to the moment you close? >> thanksgiving is cracker barrel's busiest day of the year. lauren: yeah. and you're here in new york city, where you don't have a store, but we've got a little popup store behind me. why are you here? >> absolutely. so cracker barrel, first of all, we are super-excited to be in the city this week. it's our 50th anniversary year and we wanted to share all of the beloved parts of our brand ahead of our debut in the macy's thanksgiving day parade. so we brought a tiny store which is behind us to the streets of the big apple because that's the only way that you can have a cracker barrel here. lauren: this is where it's, you know, it's fast-paced and sometimes

simonetti. >> good morning everybody i'm cheryl casone. lauren: rested? welcome back.heryl: missed a lot of record highses let's fake a look three record closes in a row for the dow jones industrial average and dow is up 9 points today other market were higher as well. cheryl: reports of tear gas fired in hong kong as criticize protesters for paralyzing that still, though, the markets are resilient in asia this morning look at this. the nikkei hank shy higher today and europe has openedded to upside the best performer is the german market up a third of one percents. erchg well investors around world are focused on trade talks between the pus and china, and that topicking is front and center today when president trump is going to speak at the economic club right here in midtown, manhattan, any comments on negotiations could move these markets. as two countries work to complete phase one of what should be a three-part deal trump also expected to talk up recent records in the market and overall health of the u.s. economies since he was elected. >> all right we do have bre