>> $290 face creams are one reason for proctor and gamble's earnings sk2. that does it i'll be joining tyler and melissa in a moment on "power lunch" which begins right now. >>> why the huge rally may already be over and why it may be downhill from here. president trump holing his hard line on china, but is it a good strategy and shares getting slammed we'll get you set up for that. "power lunch" starts right now >>> welcome. it's a whip saw kind of wednesday. the dow went into the red. right now, up 101. the dow carving out some gains at this hour the s&p briefly moving out of correction territory now it has dipped back in down by .6. three big movers today p and g. united technologies and ibm. all rallying on upbeat earnings. those responsible for most of the dow's earnings more on p and g and ford earnings earnings still coming in strong for the most part and so is guidance that is outweighing those trade troubles in the markets at least for now. let's go to bob pisani on the floor of the new york stock exchange >> p and g, ibm, united technology, all up

mainly, proctor led the pack because it's a recession play, mr.ell throw in the stock's 3.1% yield. treasuries going down, and interest rate, and its fabulous balance sheet and this is exactly the kind of stock you want to own if you're concerned about a slowing economy. after today's terrific jobs number, well, i don't know probably be less concerned, but you could at least understand why if you're jay powell, you say uh-oh, p&g next up, well, another uh-oh i think merck can repeat its 8% gain going forward why? because its main competitor, bristol myers. just shelled out $74 million to by celgene, and they wouldn't have done something so radical if merck weren't winning head to head trials against them yut cetruda is taking names. you'll hear it's got a rock solid balance sheet, and like proctor & gamble, it's a fabulous slowdown stock. you have my blessing to buy this in weakness even though we have the powell pow rally mcdonald's up in the fourth quarter. i'm loving it. i believe mcdonald's is about to become a terrific technology company now

. >> united technologies and ibm above consensus on 2019 earnings proctor & gamble in line one thing worries me a little bit. the specter of higher costs and margin erosion we have 6% revenue growth. that's terrific. these are expectations earnings only up 3%. revenue higher than earnings this suggests there's costs, inflation going on margin erosion and that's an issue. we saw this with kimberly-clark, one of the few companies that disappointed today here's the ceo who came out and said overall it was a challenging macro environment and our margins declined reflecting significant commodity inflation and currency volatility kimberly-clark had this issue as well last year >> yesterday stanley black & decker we thought was more of a housing story but it was also a lot about margin pressure they talked about the tariffs, the commodity price pressures they're facing that's a different story than it looked at first blush. >> completely difference than the china slowing story. global slowing story margins in the s&p about 10% for the last several years that's been near records if that star

at the time a local television reporter from detroit is following the case closely bill proctor is well aware of the methods used by local police to close certain cases as quickly as possible. they did this all the time. they had people make statements whether in writing or they did the writing they had some buddies and with the suggestion that hears this and you can go home i've heard that doesn't. sound dozens. and it wouldn't surprise me at all that's the real number doesn't run into the hundreds or thousands because the same cadre of bad detectives the probably were two dozen of them were in place for over thirty five years. the mark on her three kids. with no evidence or witness statements against him on the seventh of march nine hundred ninety seven lamar monson is sentenced to fifty years of criminal imprisonment for the murder of christina brown. only one element was used against him the confession that he signed. and believe that this is going to be. my fears are and i would not want to be in prison on my right. something that i wouldn't wish them off worst enemy just being pro

are are the broadcaster john stapleton and the political correspondent at the evening standard kate proctor let's begin with the times, where the warnings from top tory donors that brexit may never happen are their main story. the i says that, even if the prime minister wins the vote on her deal next tuesday, the departure date of the uk from the eu could still be delayed. the daily mail features the transport secretary's comment that stopping brexit could lead to a rise in far—right extremist groups. the daily telegraph has a picture of a tearful andy murray on its front page, and the paper's top story is the plan to scrap shorter prison sentences, as some say they tend to lead to higher reoffending rates. the independent also has andy murry on its front page, pictured in happier times. the main story is the acknowledgement by some senior ministers that brexit may have to be delayed. the guardian reveals that a new study appears to show that air pollution is as likely to cause a pregnant woman to miscarry as smoking. the financial times says the japanese firm hitachi is to cancel plans for

market gains are muted — despite strong earnings from the likes of ibm and the consumer goods company proctorble. and we'll be live in davos, head of the world trade organisation has been talking to our very own sally bundock about trade (mix today we want to know how do you deal with stress in the workplace? this comes after prince william reveals his mental health was affected when he worked as an ambulance pilot and he needed to open up to his fellow colleagues. let us know — just use the hashtag bbcbizlive hello and welcome to business live. we start in paris — where the french finance minister bruno le maire has announced carlos ghosn has stepped down as chairman and chief executive of renault. it's been effectively left without a boss since november, when ghosn was arrested and held in japan for alleged financial misconduct. the french government is renault‘s top shareholder — and last week finance minister le maire piled on the pressure — saying "renault needs sustainable governance". carlos ghosn is accused of failing to disclose some $80 million he was paid when he was also boss of n

are the broadcaster, john stapleton, and the political correspondent at the evening standard, kate proctor's look at those front pages. let's begin with the times, where the warnings from top tory donors that brexit may never happen are their main story. the i says that even if the prime minister wins the vote on her deal next tuesday, the departure date of the uk from the eu could still be delayed. the daily mail features the transport secretary's comment that stopping brexit could lead to a rise in far right extremist groups. the daily telegraph has a picture of a tearful andy murray on its front page, and the paper's top story is the plan to scrap shorter prison sentences as some say they tend to lead to higher reoffending rates. the guardian reveals that a new study appears to show that air pollution is as likely to cause a pregnant woman to miscarry as smoking. those are the new results there. the daily express leads with plans by ministers to place restrictions on the sale ofjunk food. here we go again. and the mirror features the desperate plight of the parents of baby carter cookso

the more modern reference is like proctor from power.oordinating all of these different illegal activities, telling this person to lie, finding this bit of information, this contact here and there, and always talking to the people at the talk but just like proctor at some point you're going to get busted there is no way you have this many deals going onand not hav a written record of it and that will catch stone he can front right now and beat his chest and claim i'm not giving up anybody. but when he looks at manafort time or worse i think he will flip on the president or people close to him >> i want you all to stay with me, morgan is here because of the new territory that we're in in the mueller investigation it is undeniable that the roger stone circus has now gun not like any of mueller's prior defendants they have known about each other far very long time and self described dirty trickster, stone didn't go into hiding, he swaggered to the cameras >> did anyone tell you to contact wikileaks. >> no that is incorrect. >>. >> did you i

ibm and utx, proctor & gamble, up on earnings. boeing on trade optimism, actually.s? all of them were down yesterday, all of them except facebook up today. facebook is a loser. down a dollar at 1.46. the rest of them up. >>> to the shutdown, what have we got here? jack hough, senior editor, "barron's" magazine is with us now. let me tell you this, jack. this is coming at us here. kevin hassett white house economic advisor says growth for the overall economy could be zero if the shutdown lasts this entire quarter. what do you say to that? >> that is not a very pleasant thought for investors. i got to tell you, that comes at a time when corporate earnings estimates have fallen off a cliff for the first half of this year. now we're in earnings season for the fourth quarter. we already know those numbers will be good, right? , when you look at first quarter, short while ago, a few months ago, we were looking high single-digit growth this year that would have been fine. the market is trading 15 times earnings, that is ordinary price. that is ordinary growth. estimates fa

taking another in—depth look at the papers with our reviewers, broadcaster john stapleton and kate proctor

good earnings of the surge from utx and proctor and ibm, but we're well off the highs and bob pisaniloor >> good it talk to you what we care about is earnings guidance, not so much the fourth quarter. the big stocks reporting today have all provided reassuring guidance for 2019. that's one of the reasons we're up that includes united technology and ibm. both of them were above consensus guidance and procter & gamble which is in line with good organic sales all are trading up in the mid single-digits helping the dow outperform the s&p 500 where are we with earnings right now? it's a early only 76 of of the s&p 500 have reported so far. here's the main trends first the fourth quarter numbers are strong, q1 numbers are still coming down. pup put you want next full screen the fears of an earnings recession, consecutive quarters of negative earnings growth, they're not materializing, at least not yet. we are not going to zero for 2019 as of now the commentary from ceos indicate lower growth but no recession. that's one of the reasons we're holding up so well first quarter earnings have go

remember that last quarter was the beginning of proctor's outperformance check out the stock of abbott labs which is run by the incomparable miles white he's money and particularly in the glucose monitoring device. i bet abbott tells a very compelling story i have owned it my charitable trust forever. i'm a huge fan of greg hayes, i like his plan to separate into otis elevators and aero space. and like dupont, the breakup is hard do and will weigh on the stock until we get closer to the corporate divorce. after the close wednesday, we hear from two quality companies with stocks that have been crushed. texas instrument on wall street and lam research texas has a lot of business with apple. it might be hurt by the slowdown in cell phones the far more interesting stock to me is lam the stock has been obliterated by the downturn in flash and memory prices. i think the quarter will be weak and there's a new ceo but with the stock down almost 100 points i think you can start buying lam research betting we're near a bottom. well, i want won't happen all at once you need to pick some up if the

proctor & gamble jumped 4 1/2.or & gamble is up 35% from its point, seven or eight months ago in the middle of 2018. there was a lot of questions how that sector was doing. they continue to execute. they continue to increase their margins and they're growing organically. what's not to love? stuart: yeah, what's not to love. good one, david. mr. bahnsen as always, thank you very much indeed. i want to bring back tammy bruce. i think you're still with us out there in california, tammy. >> i am indeed. stuart: you have a piece, it is in "the washington times" and the headline is, chaos in the house. pelosi knows the freshman caucus is out of control. make your case. >> well, look, this is of course there has been movement on the state of the union address and part of the conversation, oh, that is a fight between pelosi and trump. my contention here, what i'm positing i think the speaker of the house knows she does not have control over her new class, if you will, the freshmen. she is considerably worried, she should b

proctor & gamble are commit today make sure all of their containers are reusable by 2030. >> i love this many now shopping on amazon for everyday stuff because it's sent to you. this would give us that benefit, that convenience and recycle ths c for us. >> a little bit of nostalgia too. something about leaving something at the doorstep. >> you are not the o in this room old enough to remember those days whenheilkman would come by and do that sort of thing. >> remember you get the bottle of milk and there'd be a little bit of on top, and you take the top off and you drink it. >> sorry we're going down memory lane. >> it's good to beld. >> i had it too. it happens in some places of the countrol >>> it's now. that's what we have going on. >> it's cold now? >> it is.>> it was like plummeting all afternoon. >> it was balmy this morning, 6. degr current temperature 43, dropping into the 30s tonight. look at these temperatures, the curr temperatures, 35 #, 28 around state college andpi sburgh. so you know the cold air coming in. now tomorro at the busstop, gonna be a cold one for sure. 32 degre

the wheat from the chaff, so to speak, you can say nike and proctor are executing better than nvidiaaterpillar. >> demand was down in the fourth quarter and unless and until we see improvement in china, they're down for 2019. nvidia is different, it's cyclical. >> they're talking about the chinese consumer we spoke about this at the top of the hour. but the analyst there said what happened, we're talking about basically consumer pc demand, slow that's not caterpillar mining equipment. >> correct that's the difference, business segments that would affect mcdonald's adds well. it's execution if nike continues to be that aspirational brand and china continues to strive for that, they can execute and do well starbucks falls into that category probably. where that's more difficult is where you have selection, caterpillar, if the industrial business is coming down, we should look at caterpillar and think about what's happening in raw material pricing and there's a correlation. the china demand plays into both things, we should have known better. >> now we know from what cat said the gloomi

proctor and gamble has outperformed over the last year, trading at a premium to the outperformed kimberly-clark. today we got a sample as to why that is. parker and gamble in a rare move actually signaling growth for 2019 as it saw growth in almost every single one of its categories. meanwhile, a company like kimberly-clark signaling its sales will likely decline as it grapples with higher cost, particularly raw materials for things like pulp, a key input for the tissue that it makes. a rising u.s.and dollar weighing on a company like kimberly-clark. shery: really different factors pushing the market today. over this week and next, central bank rate decisions will be key. leaving itsboj interest rate policy unchanged, pretty much as expected. the yen interesting is is now under pressure because the boj lowered their inflation forecast for a fourth time in its quarterly outlook. of course, this just puts the boj further away from its global peers. the ecb meeting tomorrow, not to mention the federal reserve next week. the numbers you mention are even more astounding when you consider the boj's b

proctor & gamble, united technologies, crush estimates.as off to a great start up 300 points. now we're struggling to hold on to the gains. listen, with 15 s&p 500 companies reporting most upbeat, earnings actually matter like they used to? we have jim awad with us along with capital forecast editor shah balani. jim, remember when it was all about the earnings? >> yeah. charles: now there are 733 things, and earnings sort of a footnote. >> left to own devices market would like to go up based on earnings. listen to jamie dimon, brian moynihan at davos they expect the economy to grow naturally over 2%, earnings would be up something like 6%, and you can expect the market to go up that much left to the fundamentals but we're being overwhelmed by other issues, i.e., the shutdown and trade negotiations. we're hostage to it. charles: shah, do that degree should that give us, give us some sort of comfort? in other words, j.b. hunt is down in part because fedex got hit on news of amazon. j.b. hunt had a good number. they raised their dividend toda

stone is like proctor from "power."oordinating all of these different illegal activities telling this person to lie finding this bit of information. bringing this contact here and there. and always talking to the people at the top but just like proctor, at some point you're going to get busted there is no way you can have this many deals going on and not end up having some sort of written record of it that's eventually what's going to catch stone he can front and beat his chest and claim, hey, i'm not giving up anybody i'm no snitch, et cetera, et cetera when he starts looking at manafort time or worse, i'm pretty sure he's going to flip on the president, or at least people close to him. >> i want you all to stay with me morgueson here because of the new story we're here in the mueller investigation. it is undeniable that the roger stone circus has now begun not like any of mueller's prior defendants mueller and stone have known about each other for a very long time and the self-described dirty trickster, well, he says

years later a single event changes the course of lamar monson's life just around the time that bill proctor the journalist who followed his case is getting ready to retire he receives a call from an unexpected witness who claims to know the real identity of christina brown's murder. two months before i retired after thirty three years in terms of that she called me on the phone it was one of the more shocking calls i'd ever taken. as an investigator and you get many but this woman said to me on the phone. and me even if you don't remember that murder that you covered back then on boston you got it wrong. you got it wrong and i said ok i'm listening. and she explained that she was with the person who did the murder of the person in prison was not the killer that he wasn't there but she was with the man who did the killing and came back from the event dripping in blood and confessed to her that he had killed the. other garrett life. twenty years twenty plus year that and here it is and the may they. say i'm out here me. i'm not on holiday and that. at the time of the events shalane a bentley

at the time a local television reporter from detroit is following the case closely bill proctor is well aware of the methods used by local police to close. certain cases as quickly as possible. they did this all the time. they had people make statements whether in writing or they did the writing they had somebody and with the suggestion that hears this and you can go home i've heard that dozen times saw dozens of them and it wouldn't surprise me at all the three real number doesn't run into the hundreds or thousands because the same cadre of bad detectives there probably were two dozen of them were in place for over thirty five years. the marks on her. medication. with no evidence or witness statements against him on the seventh of march one thousand nine hundred ninety seven lamar monson is sentenced to fifty years of criminal imprisonment for the murder of kristina brown. only one element was used against him the confession that he signed. it and believe that this is going to pay. off usually they're not going to want to be in prison on.

eastern time dow up 279 and ibm and utx proctor leading.harma dragging it down back in a minute ♪ ♪ true feelings, it's a true feeling ♪ >> good wednesday morning. welcome back to "squawk on the street." i'm carl quintanilla with david faber live at the new york stock exchange sara eisen is with us from the u.s. economic world forum in davos, switzerland dow up 265 and proctor, ibm and comcast up s&p up almost 18 points. david? >> stocks are rebounding this, movement earnings giving the major averages a boost we'll break down results from the results of p & g and ibm the white house shoots down reports of ains can a ed trade meeting with china and the government shutdown enters day 33. >> and leaders from the world speaking out from where i am what titans from wall street and the global economy are making of the economy, trade war and, of course, the government shutdown? >> markets rallying on the results of good news out of ibm, utx and procter & gamble investors still keeping a cautious eye on trade talks and the ongoing shutdown in washi

it these challenges that pushed proctor ae last year to raise prices, a move that sparked concerns across wall street. hi'ter prices don seem to have discouraged consumers for now. the maker of head & shoulders shampoo and oil of olay expects organic sales to rise between and 4% in fiscal 2019. what's more is procter & gamblee saw iive growth in china, a country that just reported its slowest pace ofrowth in 28 years. on the conference call with analysts, chief financial officer john mullerhi said at point the company is not seeing se kness in the chi consumer. >> we do not see slowdown of the consumer in china as witnessed by those results. market growth rates continue to be relatively strong. within china, just like the balance of the business, we have our successes and our challenges. >> though he d reference broader challenges related to political uncertainties to the ongoingrade dispute. >> macro uncertainties stemming from issues like brexit, a crisis of consumer confidence ie and trade and other policy impacts that can impact both the top and bottom line. >> for now, investors rema

. >>> also with bank of america merrill lynch proctor & gamble was added to its u.s. 1 list which is a roundup of best investment ideas. the analyst cites organic sales growth and improving market share. the price target is $108. the shares rose a fraction to or$92.46. >>>trom was upgraded to equal weight from underweight at morgan stanley. the analysthere says the stock price could rise if the retailer's strategic initiatives succeed. the price target is $50. the stock gained more than 1.5% to $49.02. >>> many thought that today would be the end of the road for sears, but after a very dramatic day in court, it turned out that's not t case. at least not sears board has agreed to consider a revooised bid during bankruptcy auction to be conducted next monday. that is as long as a $120 million deposit is placed by tomorrow afternoon. courtney reagan sorts it outor us tonight >> reporter: it's beyond the 11thhour, but sears gets one more chance at survival. a judge is giving sears chairman and larst shareholder, eddie lampert, and his hedge fund, esl, another chance to keep the retailer

at the time a local television reporter from detroit is following the case closely bill proctor is well aware of the methods used by local police to close certain cases as quickly as possible. they did this all the time. they had people make statements whether in writing or they did the writing they had some buddies and with the suggestion that hears this and you can go home i've heard that doesn't. sound dozens of them and it wouldn't surprise me at all if the real number doesn't run into the hundreds or thousands because the same cadre of bad detectives that probably were two dozen of them were in place for over thirty five years. were marked on her. medication. with no evidence or witness statements against him on the seventh of march nine hundred ninety seven lamar monson is sentenced to fifty years of criminal imprisonment for the murder of christina brown. only one element was used against him the confession that he signed. martin believe that this is going to pay. off usually they're not going to want to be in prison all my life. that's something that i wouldn't wish on off worst

taking another in—depth look at the papers with our reviewers, broadcaster john stapleton and kate proctorlitical correspondent at the evening standard. stay with us for that. good evening. four single mothers have won a highly significant high court challenge to the universal credit system, after saying they are struggling financially because of the way their payments are calculated. the work and pensions secretary, amber rudd, has now admitted that the controversial new benefits system universal credit is not as effective or as compassionate as it should be. today she unveiled a raft of changes to the system, which rolls six benefits into one. she has scrapped plans to cap benefits for households with more than two children born before april 2017. private landlords will be able to ask for rent to be paid to them directly from the government, to try to cut down on the number of claimants being evicted for not paying their rent, and a new system will be tested out. instead of receiving payments once a month, new claimants will be paid more frequently. 0ur social affairs correspondent micha

at the time a local television reporter from detroit is following the case closely bill proctor is well aware of the methods used by local police to close certain cases as quickly as possible. they did this all the time. they had people make statements whether in writing or they did the writing they had some buddies and with this is.

broadcaster, john stapleton, and the evening standard's political corresponent, kate proctor, will beiew the papers at 10:1i0pm and again at 11:30pm. that's all ahead on bbc news. i hope you canjoin us for i hope you can join us for that. now on bbc news, it's time for sportsday. willa hip injury means that next week's australian open is the last time we see andy murray at a tennis grand slam? yeah, i think there's a chance of that, for sure. murray is hoping to make it to the scene of his greatest triumph and red tie at this summer's wimbledon. —— and retire at. we look back at the many triumphs and highlights of arguably one of great britain's most talented sportspeople of all time. —— great britain's most. good evening, i'm hugh woozencroft well we begin with the news that all british tennis fans had feared but ultimately, knew, would happen one day... andy murray announcing that very soon his illustrious career will come to an end. what's more sad for followers of the former world number one, is the manner in which his retirement is coming — in pain, due to a hip injury — and in t

paul verna and michael proctor, great to have you both on the show. coming up, huawei probes.he u.s. department of justice turning up the heat on chinese smartphone makers. could federal charges becoming? -- be coming? if you like bloomberg news, check us out on the radio and on sirius xm. this is bloomberg. emily: u.s. stocks rose thursday after the wall street journal reported, the u.s. is considering rolling back tariffs on china. they say the idea is coming from steven mnuchin. he denied the report saying neither he nor the trade representation said that. -- representation made any recommendations. markets had a volatile reaction to this back and forth. where are we? >> quite a roller coaster ride going into the close in the last hour of trading. it is the same place we were before the original headlines hit. when the first headlines hit saying mnuchin had suggested rolling back tariffs because the trump administration is sensitive to financial markets and the moves we have seen last month, we saw markets despite. -- saw markets spike. we saw a boost when we got the rollba

innovation and the market views that as a skeptical, but you can see how much they have been trailing proctore in terms of percentage. guy: it is an aggressive move. >> incredible aggressive. nearly four times the trading volumes today, rbs calling it a grim update. and it was downgraded by commerzbank. and if you're adding 300 million o to capturer growth, where things not increasing? guy: can you read this across to other big names? >> member of the bigger names were to the downside. consumer discretionary's down today, but it is getting to be a more competitive market and you see that. this is why henkel is spending the money, but the market does not like it. guy: anne-marie, thank you. the stock of our trading -- hour, henkel, trading down. we have an all-star lineup this week from the world economic forum. it has been snowing heavily in davos. the policymakers are out in that snow. we will be talking to some many of them over the next few days, it will make your head spin. great lineups coming out of davos. francine is there. tom keene is there. jon ferro is there. all of that is coming

proctor & gamble is there with a tooth brush that uses artificial intelligence and a 65-inch television screen that can roll down to its base. more than 1 ate thousand people are expected to attend the show running through friday. >>> the line up for the bottle rock music festival was announced today. ced today. the festival runs may 24 to the 26 at the expo. mumford & sons, imagine dragons, and neil youngmumford & sons, neil young, promise of the real, pharrell williams, santana, flogging molly, and jeff goldblum and the mildred snitzer orchestra. >>> pg&e shares lose moretoday on reports it may be filing for bankruptcy. but would it really? >> and rosemary orozco tracking more rain.with the forecast in a moment. get covered today. ed gets copays as lowlily go to as zero dollars on medicare part d prescriptions. ed gets labels clear as day. and, lily.... lily gets anything she wants. ed knows he could just have us deliver his prescriptions. but what's the fun in that? switch to cvs pharmacy. > pg&e is considering bankruptcy following the camp fire and other deadly and destructive wildf

proctor. ibm.ow about this one how about the fact that nike downgrade adidas why starbucks reports. it's going to have a good china. there you know, we just need apple. >> you're saying good china, bad china. what are you doing here? >> don't chinatown me on this. this is an ta antipathy >> it's only 2% of the market. it's not really key for microsoft. it's interesting. >> i think it's going to happen. every time i get too negative, the reporting i do says will you stop it. then when you get too positive, they say will you stop it. whatever i say i've got to stop. >> jim mentioned the chips they are a source of strength today along with the airlines. southwest comes out, 117 beats by a dime. revenue is ahead southwest issued some upbeat guidance for the year. we will talk to gary kelly later on this hour about the shutdown, about load factor, about the memorial. >> they had a terrible accident early last year. you didn't know how long it would take to recover. these numbers indicate they're recover

stone is like proctor from power.been coordinating all of these illegal activities telling this person to lie, finding this bit of information and this contact here and there and talking to the people at the top. at some point, you are going to get busted. there's no way you can have this many deals going on and not have a written record of it. that's going to catch stone. he can beat his chest and say i'm no snitch, et cetera. when looking at manafort time or worse, he's going to flip on the president. >> stay with me. morgan is here because of the new territory we are in in the mueller investigation. it is undeniable the roger stone circus has now begun. not like any of mueller's prior defendants. mueller and stone have known about each other for a long time. the dirty trickster, he says he's not going down without a fight today. look at the scene after being arrested, charged and let go on bond. he swaggered to the cameras and denied it all. >> roger, did anyone tell you to contact wikileaks? >> no, i have addresse

are, the broadcaster, john stapleton, and the political correspondent at the evening standard, kate proctorbroken down in tears at a news conference in melbourne, as he announced that he'll be retiring from tennis this year. the 31—year—old has been struggling to recoverfrom hip surgery 12 months ago, and says even basic things in everyday life, like putting on socks and shoes, are causing him severe pain. the 3—time grand slam winner, wants to compete for a final time at wimbledon this summer, but acknowledged that the pain he's in, means that next week's australian open, could be the final tournament of his career. our sports editor, dan roan, reports. one of the country's greatest sporting moments but arguably its greatest ever sportsman. the waiting is over. andy murray's a historic wimbledon win six years ago enabled british tennis fans the dream again. but after summary trials came two yea rs. but after summary trials came two years. the star becoming so emotional when discussing a chronic hip injury. mary managed to return. sorry. but one as of the australian open beak would be his l

he went off proctor there clearly half way through that speech and started talking about immigration much in the same way he has in the past of making claims about women and children being smuggled across and the danger they are facing. how is that going to go over? >> it depends if he keeps on doing this. every congressional negotiations have been successful over the last two years have not included a big effort by the president or by his administration. if the president stays away, nancy pelosi and schumer will be able to come to an agreement on this. we'll be able to put together border security package. obviously, i don't think anyone has any anticipation that the president is going to stop talking about immigration the way he has been the last five years. i am not sure how that impacts negotiations. i do think if he stays away, there is a deal to be had there. almost everybody agrees to that if he just leaves it to people who had been studying these issues and involve in appropriating money and creating immigration policy for 20 or 30 years. this is not a difficult immigration.

cheryl: we'll be hearing from proctor and gamble after the bell, a lot to watch in your markets and aannouncer: live from davos, switzerland, at the world economic forum, here's maria bartiromo with a special edition of "mornings with maria." maria: good morning, from switzerland. i'm maria bartiromo. thanks so much for joining us. happy wednesday, everybody. it is wednesday, january 23rd. your top stories right now, just before 6:00 a.m. on the east coast. markets looking to rebound this morning, futures indicating a higher opening after the selloff yesterday, all this talk of gloom and doom in davos is making me bullish. maybe it's an overreaction. we're looking at a bit of a stability and bongsbac and bouns morning. s&p is up 7 and the nasdaq is up 18. we are watching for an end to the shutdown. the senate will hold votes on competing bills tomorrow to reopen the government. it is unclear if either has enough votes to advance. it comes as president trump moves forward with plans for the state of the union on tuesday. drones cause chaos at one of america's busiest airports. all inco

proctor & gamble also down for the week. liz, back to you.art right on trade holding the leash. federal reserve had its fingers on it. we have a economist who was at yesterday's event for fed chief powell was speaking he has become so dovish and cautious. how do you think an investor watch being right now, should behave and meander through the market right now? >> geeing through the end of 2018 we thought the fed would be one of the risks if they took the hike path. the dovish language changed it for us. we only think fed will raise couple times in 2019. liz: a harvard professor said the fed has to be too aggressive with hiking rates. we have lived around inflation. what if it climbs around 2%, you leave it like that? do you expect a rate cut? >> we're not expecting a rate cut. i would like to think in term of timelines. we don't think the first rate hike will be until middle of 2019. six months is pretty long time. when you look at six months ago, what were the expectations from the fed? dramatically different from now. connell: but i have t

proctor and gamble is there for the first time with a few things, including a toothbrush that uses artificial intelligence. tells you where you need to brush. >> what? >> yep. it's a smart tooth brush. also a buzz about a 65-inch lg television screen that can roll down into its base. that sounds very cool. the show runs through friday. 180,000 people are expected to attend. the tv thing is great. because a lot of people, like me, i like to not see a tv. >> yeah. >> okay. >> it's the calmness, sal, of not having a big, huge electronic device. i know you men probably don't -- >> we do. sal, you want all of that stuff, don't you? >> you talking about not having a tv in your main living room, pam. >> right. or at least if it's there, you can hide it away. >> all right. >> that concept is foreign to most men. you're absolutely right. but good morning, everyone. let's go out and take a look at the commute. northbound 101, in gilroy. gilroy to san jose. you can see traffic getting up into san jose. looks pretty good. no major issues driving through. the traffic continues to look very good, all the w