also big big real estate which is what was responsible for a lot of big crash of the national association of realtors law levered pretty hard . with a realtor friendly legislation or mortgage tax and mortgage reform so they can sort of keep it going and once they put in they actually were a little higher than the u.s. chamber of commerce they came in at twenty six point four million in the third quarter and then if those two haven't gotten your if those two then you're probably going to need pills which is where the pharmaceutical industry comes in. they put in just about the pharmaceutical research and manufacturers of america broke their previous records in two thousand and nine well yeah a spending twenty eight million in twenty. or so and the number doesn't include individual lobbying of trade organizations or members and that includes pfizer at eleven point three million johnson and johnson and johnson six point six million and ab the other pharmaceutical company six point one million so it's a lot of money to get things that they but they can't pay their workers better and you can't get better

commerce at ninety five million continuing their epic run coming in at number two was the national association of realtors who dropped seventy three million politicians this year and rounding out the top three was the pharmaceutical research and manufacturers of america yes your favorite neighborhood drug dealer spent about twenty eight million on politics last year fighting to keep treated and addicted at every turn so with these three lobbying power houses and so many more dropping record breaking oceans of what are far from humble civil servants just what is the average citizen to do but start watching the honks. to. get the. real deal with. what they like you know that i got. with. this. particular. welcome everyone to what i rolled into and i'm happy for alice. wow hardcore lobby and on the on the hill last year i'm not in the right i'm really not surprised though that the three pillars of problems in the u.s. where the top of me and. i know you told me about this morning you know is that she's right leg it is those three when you really look at the major issues facing the country it's all kind of st

10% comped with a year ago, marking 12 straight months of annual declineso accordinge national association of realtors. it was also the lowest december sales reading since 2013. this, even as the average rate on t30-year fixed, fell from just over 5% in tmid-novemb 4.61% by the end of december. >> i think consumers were impacted by all the discussion of utdowns, of theolatility in markets, whether it was interest rates, which were actually falhang at time. partly it's a recognition thing that the realtors or t builders or whoever is talking to the consumers about buying a house, it probabl takes them a little time to get consumers to recognize that there's an opportunity. >> rltors blamed the big drop in the,tock ma hitting consumer confidence. but affordabili continues to be a probm. the median price of a home sold in december hit the highest leveer. even though the gains in prices are slowing, it's mostly happeng on the higher end, not at the entry level where demand from younger buyers is strongest. even slightly lower interest tes are apparently not impressing millenials. >> recent millenial buyer

the national association of realtors is due out tomorrow with its latest look at sales of existing homesnow nothing is official yet, but it appears the slow down is continuing in the real estate market. december's numbers are expected to show a 1. % drop from the month before. >> prices in california are so crazy high. >> they're so crazy high. absolutely. >> thank you, michael. >>> now your accuweather forecast with sandhya patel. >> hi there. i want to show you a stunning shot from sky 7 live right now. you can see the golden gate bridge looking across the bay, over towards san francisco right now. it is crystal clear from this perspective. is this kbgorgeous or what? the winds are not an issue this evening, and what you're seeing now is what you're going to be seeing in the days ahead. live doppler 7 shows no rain. a few showers continue in the sierra nevada. most of that has been winding down. most of it is south of tahoe. i want to show you our snow totals in the last 24 hours. suing bowl picking up 20 inches of snow. kirkwood, heavenly 18 inches of snow, and the snowpack is doing b

the national association of realtors said yesterday existing home sales dropped 6.4% last month.ome sales can be expected this year amid the partial government shutdown and increasing economic uncertainty. >>> and many coffee lovers in the u.s. will soon be able to get starbucks delivered. the java giant announced yesterday it's expanding the current delivery service to nearly one-fourth of u.s. stores in partnership with uber eats mobile app. the service launched tuesday in san francisco and will expand to some stores in new york, boston, washington, chicago, and los angeles in the coming weeks. this follows an initial test in miami. >>> anne-marie? >> all right, diane king hall at the new york stock exchange. thanks a lot, diane. >> all right. >>> still to come, knockout. serena williams suffers a stunning loss at the australian open. serena williams suffers a stunning loss at the australian open. >>> here's a look at today's forecast in some cities around the country. ♪ >>> serena williams is out at the australian open. she was just one point away from victory over seventh see

the national association of realtors said existing home sales declined 6.4 percent to a seasonally adjusted annual rate of 4.99 million units last month. at december's sales pace, it would take 3.7 months to exhaust the current inventory, down from 3.9 in november. a six-to-seven-months supply is viewed as a healthy balance between supply and demand. winner: netflix film 'roma' and disney's 'black panther' score historic best picture oscar nominations . . . "roma" is the first netflix movie to receive a best picture nomination. likewise, disney's "black panther," which grossed $700 million in north america last year, is the first superhero movie to land a best picture oscar nomination. other prominent nominees include "blackkklansman," "green book," "a star is born" and "bohemian rhapsody." the academy awards will be presented feb. 24. winner: starbucks expands delivery services to 6 more cities via uber eats . .. .starbucks is expanding delivery services via uber eats to six additional cities. the expansion begins tuesday in san francisco and will then roll out to stores in boston, chicago

commerce at ninety five million continuing their epic run coming in at number two was the national association of realtors who dropped seventy three million politicians this year and rounding out the top three was the pharmaceutical research and manufacturers of america yes your favorite neighborhood drug dealer spent about twenty eight million on politics last year fighting to keep treated and addicted at every turn so with these three lobbying power houses and so many more are dropping record breaking oceans of ash on our far from humble civil servants just what is the average citizen to do but start watching the hawks.

commerce at ninety five million continuing their epic run coming in at number two was the national association of realtors who drop seventy three million politicians this year and right.

a survey by the national association of realtors found, get this, that quarter of realtors say the government shutdown had dissuaded their clients from buying homes. the shutdown also putting key economic reports on hold that creates more uncertainty for investors and farmers. farmers normally look to a report on world markets to help determine what to plant in the spring. but look, the department of agricultural is swept up in the shutdown, that crucial report was not published last week. congress department is unfounded. retailers did not get a report on last month sales. they are now in the dark on how americans spent their money during the holiday season. if the shutdown lasts through the end of the month, it is unlikely the government will be able to publish its next report on gdp. the broadest measure of economic activity, dark. this is something incredibly closely watched by investors and by the president of the united states. >>> there are no plan to reverse president trump's decision to withdraw troops in syria. that following an attack that left four americans dead. isis has claimed

according to the national association of realtor's analysis, more than 20% of home loans have been affected so far. the u.s. is facing these challenges, but other regions in the world are also slowing so the imf, lowering their 2019 global growth forecast. that's mostly about concern from european growth. recently china announcing their economy has been growing at the slowest pace in at least a decade. so neil, all of this adding to extra macropressure on to our economy. meantime, back to you. >> neil: thank you very much. so between the slow down and the shut down, we're going to give you the low-down. we have chris robinson joining us, katherine rooney and lee munson. lee, begin with you. what is dominating your thinking right now as you continue to trade, you look at the shut down, do you get hopeful when you hear about a vote in the senate thursday. what do you through? >> well, i'm hopeful about a lot of things. i'm an investor. i try to figure out how things work. the first thing is remember all this house damage that, we knew housing was going to be soft. it's been soft. right now yo

the national association of realtors surveyed found that 25% of realtors said the government shutdownheir clients from buying homes. and even way the way the government measures the economy is being harmed. the commerce department hasn't issued any report since the government shutdown. and remember the president has a shutdown, he's shutdown the government over funding for his wall, a wall he really, really wants. >> it's going to be a beautiful, gorgeous wrrg b gorgeous, big wall that they're going to name trump someday. we need security, we're going to have the wall. it's not build that wall anymore, it's continuing building that wall. the barrier, wall or steel slats, whatever you want to call them, it's all the same. >> really, really, beautiful big wall with my name on it maybe. only one person said they would take the blame for the shutdown. can i remind you who that is? >> i will take the mantle i will be the one to shut it down. i'm not going to blame you for it. and i'm going to shut it down for border security. >> but we believe you shouldn't shut it down. >> the cat that at

the national association of realtors claims 25% of its members say the shutdown is dissuading clientsm buying homes, businesses that can't meet with government regulators are at a standstill and, of course, there's the 800,000 federal workers who aren't getting paid, and they're not putting money into the economy right now. the list goes on and on. even the president's former economic adviser, gary cohn, said the shutdown is, quote, completely wrong and makes absolutely no sense whatsoever. so this be enough to get both sides to come to the table and compromise? let's go to tonight's panel. it's ladies' night. she's a correspondent for the greg gutfeld show, kat timpf is here along with national taxpayers' union senior fellow and center for a free economic board member maddie deppler, and from fox business network, kristina partsinevelos. business might be good, what do you think about the notion that the shutdown is having short-term economic impact and possibly long-term as well? >> oh, definitely. we're starting to see it. and i think for a long time you saw a lot of investors thin

the national association of realtors today said that january pending home sales, the ones that are waiting for the ground to break, but you do have contracts possibly signed here, dropped for the third month in a row down 2.2%. the expectation was for a gain of half a percent. now we are at down 9.8% year over year. >> well, number one, thanks for having me again. i've missed you. liz: i missed you, too. where you been? >> this is crazy. this is crazy. the fed is doing the wrong thing. this fed has gotten handed a problem. janet yellen did the wrong thing for five years. when the market is running like this, you don't just -- she didn't ever raise rates. this is crazy. when are rates going to normalize? when are they going to come up from zero? i don't understand this. as you said, if something happens in the world when we need to do something, what's the fed going to do? liz: i can hear -- no, i'm with you, luke. >> i should go back on vacation but i will tell you this, if there's no inflation in the economy, how come everything i pay for like medical insurance, dental, cost of education,

i'm diana olick from the national association of realtors existing home sales in december down 6.4% monthjusted annualized rate of 4.99 million units that's a huge miss, and a very unusually large drop or even move for a monthly figure. sales also down 10.3% year over year realtors say they're not sure why the big drop in december mortgage rates were higher in october when these sales would have been contract signings but also high in september and august as well sales down across the board. in the northeast down 6.8% midwest down 11% sales down 1.9% in the west where affordability is hardest but down 15% year over year in the west prices, the median price $253,600 that's up 2.9% year over year. but it is the smallest annual gain since february of 2012. inventory did increase 6.2% year over year to 1.55 million units. we have the total sales figures for the year at 5.34 million units. 2018 was down 3.1% compared with 2017 prices were up 4.8%, but again, that was the slowest gain since 2012 still, though, at $259,100, that was the highest sale price for the year ever. so a very large month

the data released yesterday from the national association of realtors, u.s. sales causing price growth to slip to the lowest level in six years, as the housing sector and the 2018 in a weak state for 2018, sales of existing homes fell to five .3 million units. the weakest total since 2015. after years ofed strong price growth and moderate inventories are into the washington post. more properties are sitting on the market until the increase from 40 days a year ago. how do you read the data? classic gets to one of the core issues. it is important to separate price and rent. we tend to think of price because most of us are homeowners. about has ahinking expenses, we're thinking about mortgage payments and the cost of owning a home, the price of a home, but really, the act of consuming housing and consuming shelters is about rent. expenses and rent inflation skyhigh for the past couple of years. that comes from the lack of supply. the rent of home is driven up because no alternatives are being built. you see the downshifts in prices people have sentiments changin

short of wall street forecasts you're looking at johnson & johnson off 1.5% >>> the national association of realtorso post a 1.3% drop from november levels. the number will be out at 10:00 a.m. eastern time. >>> and ubs reporting a miss on the top and bottom lines for the fourth quarter also warned of what it calls a tough start to 2019 due to in part what it says is trade disputes and unresolved geopolitical tensions. many of which we have been talking about this morning >>> as we get ready to hear from ibm thenk about fourth quarter results, we're joined in davos by the company ceo ginni rometty. it's great to have you on set with us. and i'm thinking about where ibm is in the world right now. as you're transitioning. we've got ai on the cusp of something amazing, obviously maybe we're already there. and around here, at cocktail parties i throw out hybrid cloud and everybody nods they come over actually, they come around me because i use that term. but is it a transition period for ibm right now? more than -- is it a company of the future more than where we are right now, would you say >> look, jo

national politics. >> were trying to delay and defer payment of taxes and fees . >> in response to the proposal the santa clara county association of realtors released a statement that reads, it is important in these urgent circumstances for landlords to remain flexible and ensuring they can recover the rent they are temporarily giving up. this is not about partisanship, this is about humanity. >> reporter: workers worried about what they will eat and where they will sleep see the mayor's moves as a small measure of relief. >> once again the mayor is stepping up to the plate for employees and his community. >> reporter: if that's approved in the special session it would take effect immediately. outside san jose city hall, jesse gary, ktvu fox2 news . >>> not to the east bay where alameda supervisor wilma chan is concerned about how the shutdown is affecting people who depend on cal fresh. and relies on federal funding. 92,000 alameda county residents received cal fresh and the benefits are expecting to be ending by late february. they may get some help from a safety net that was set up last year to help programs and people in need. >> what