Transcripts For FBC Mornings With Maria Bartiromo 20171206

Closely. Features indicating the markets a lower open this morning. The dow industrials down a quarter of a percent. 56 points lower. 34 points lower. Technology continued to roll over. Ft 100 tiny fraction. Cacm two thirds of a percent. In asia overnight, sharply lower across the board and major averages are down 2 in japan, better than 2 in hong kong. 1. 5 lower in korea. Devastation in california. Thousands of people to evacuate as the Massive Wildfire grows out of control. It is a huge hit. Ive been an honor for 40 years here is and its crazy what is going on. At this point in time, it makes things very much difficult because we are chasing the fire. We are trying to get out ahead of it, trying to get it right to provide structure defense. Trade to the tragedy taking a toll on hollywood. Several talk shows including hbo westworld forces suspends. The latest as firefighters struggled to battle the blaze. Google taking aim at amazon comment youtube from several retailers devices including the echo show. Breaking down amazons decision that led to this retaliation coming out. On the hunt for a job . You may want to take a bite out of an announcer at the popular burger chain among the top places to work. Its not number one. The company that may make you want to change your Employment Status coming out. All those stories coming out. Fox Business Network Dagen Mcdowell. Benchmark kevin kelly in the sense give partners president , lee carter. Great to see you. Dagen good morning. In another siliceous, by the way. Dagen thats a news alert, isnt it. I dont think its typical of Great American business Great American business way they treat their employees right through their employees are paid well. Its never compromise. Its consistently good. Dagen the news that russia has been banned by the International Olympic committee from the 2018 Winter Olympics is devastating news to that country, and major news we are covering this morning. Zeropoint to bright focal point into the movie at the race. He ran the antidoping lab in russia and he exposed the fact that 2014 of the sochi Winter Olympics the entire team was doped and it is unbelievable. Kudos to them and their bravery. Go watch the movie. Maria what happened to him . Dagen he is in hiding. He is in protective custody somewhere in the world. I mean, great bravery on the part is the filmmaker. Maria no wonder hes in hiding. House majority whip in the louisiana congressman Steve Scalise is with us. The ceo is with us along with ceo wpp, largest advertiser co. As well plus singersongwriter sarah ivins as well. Big show ahead. The top story this hour, President Trump set to announce today that the u. S. Will recognize jerusalem as the capital of israel and will eventually relocate the u. S. Embassy to the city from tel aviv. The decision follows up on the Campaign Promise good leaders sound the alarm this morning for example in riyadh, king salman cautioned that they said such a dangerous step out of relocation would constitute a fragrant complication of muslims all over the world are joining us now, spokesperson for the Donald Trump Campaign now spokesperson for America First policys katrina piercing. Thanks for joining us. Why is this so important to the president . Could this decision undermined the administrations efforts to broker peace between israel and the palestinians which theyve had success so far . Not at all, maria. Definitely in historic day. Not just a Campaign Promise. This has been an american promise for so long. There has been bipartisan support for the move. 1995 there is a congressional act supported in the end another example of a very long time of politicians that are all talk and no action. The president is doing what makes sense. Israels government does there come up with a bear. It makes sense for the capital to be buried and be recognized. We call it a reality. This is not going to undermined anything the policy itself doesnt change. We dont want to get too far ahead of what the president will announce because he will have details available in its reasoning behind making the decision. A great day for america. Katrina, will he take into consideration the allies given the king of jordan says he doesnt think this will help with the peace talks. You know, this could spark a lot of outrage with turkey where we have nuclear weapons, the situation happening with qatar already. This just doesnt have to do with israel, but with region in general. Do you think is going to take into consideration allies because they know there is a sixmonth moratorium on the move. I think hes taken all that into consideration. Hes been talking to leaders the last couple days so he has thought through this process. Again, hes not going to lead any other country make decisions for the United States. This is another thing he campaigned on. He told the whole world when i become president i will do what is best for the American People not the decision hes made and the outline his reasoning behind not. A lot of these countries get upset when the United States does within their own best interest of lunacy all about play it again. In historic day for the country. Is that its good for the American People. How is this good for the American People . Like i said, bipartisan support over the last couple of decades. An act of congress to do just this. American people support this so that you will find out more today at 1 00 when the president gives his speech and you will have all of those details. Without so much much on the agenda right now. There seems to be a lot of chaos for tax reform trying to get everything done in the focus just keeps getting shafted. Why do we make this announcement right now . This president can do more than one thing at a time and hes been working on several issues. As you all know the president has inherited a lot of issues are not just this administration that the previous administration. The National Security council putting together a wonderful policy. More information coming out on that. We have to address issues at the same time. Chaos all over the world. The president cant ignore such things either indicated today when we shared a speech you hear a lot of the reasoning behind this decision. Again, an historic day matters for america that the administration itself. Dagen to this point, its Dagen Mcdowell. We always want to know the why now versus a month from now. Why now versus three months from now . Explain the timing of this given Everything Else moving forward with the white house agenda. You will find out at 1 00 today. Dagen can you give us a hand . Theres a lot of reasoning behind this. The president has gotten back from several trips overseas. The National Security council put together a great plan, moving into the holidays. The perfect time to make the announcement is something we can do now in the midst of Everything Else happening and i think its going to be a great day. Maria what did they do with all the protests being planned . Sparking protests across the middle east. Islamic groups are calling for three days of rage now to protest this move. What should the administration do about that . The administration is taking security measures coming are in those reports all day. You hear more about that later. But the same time, this is a president that is not detoured by other countries than what they think the United States should be doing. This is something mentioned on the campaign trail for a very long time. So this is not something brandnew. This is a president doing what he said he would do during the campaign and following through on what america itself has been doing in 1995. Trade tories surprised they have forged this with the saudis in the saudi king came on in question this . Im not surprised that almost had to have been a topic of discussion. Last couple of days they spoken to many leaders in the middle east and this is his decision and the president has done so much already globally and this is just a natural next step for the president to make good on the Campaign Promise and do what is right. Maria well be watching. The news. We will take you live to the president s speech today announcing the embassy move at 1 00 p. M. Eastern time. The question you ask in terms of why now is the right one. You wonder what kind of implications this is going to have given the upset on the other side. Dagen you always have to wonder what it said publicly by other leaders than what is being said by the greek privately among these nations, whether it is urdu on interviews whether they will sever ties after theyve just been renewed, king salman in saudi arabia. It raises an issue would come closer and united with them in fighting the rise of radical islamic terrorism and quite frankly trying to offset the more powerful iran as the Islamic State as we move in to try and defeat the Islamic State in the middle east to have a more powerful iran aligned with saudi arabia to fight to offset that. He seemed so much progress with israel agreed with the saudis. The friend of my enemy is my enemy. Talking about iran being a common enemy. Does that mess up, does that upset the progress hes made already . I just wanted to make the point that bush actually did move to west jerusalem recently and actually recognize that as the capital. It is seen as the peace broker and by doing this, this could be seen as a provocation. That is why there is a lot of thought around the city are from a lot of our allies and the king of jordan said must be temperamental about this. President trump is not afraid i am not understanding. There is no question. This mightve been promising the American People in 1895, but the question for me is why right now. We were making such Good Progress and we really do want to hear what the plan is moving forward. Kevin, you said earlier you wonder if this is a negotiating type it. Hes got a wonder whats coming out of it. Trend of the struggle to control the Massive Wildfires raging out of control police 150,000 people forced from their homes so far. The latest from california. The epic value growing how were will protect your personal device is back in a moment. The moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. Bacteria can multiply to high enough levels that even cooking it will not destroy all of them. Its definitely the most important thing in my business. How fresh is the fish . Where it comes from . How it gets here. The more i know, the better. Sometimes the product arrives and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. We took our world Class Network and we developed devices to track environmental conditions. This device allows people to understand whats happening not only with the location of that asset, but also if its too hot, if its too cold, if its been dropped. Its completely unique. We ship fish, beef, poultry, vaccines, insulin. This is about monitoring and protecting everything we ship. I catch all this amazing, beautiful fish and then once its out of my hands, i have no control over what happens to it. If you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Its really all about the network. You are looking at trillions of transactions a year. Not too Many Companies in the world can even scale to that type of volume. Who knew a tiny sensor could help keep the food chain safe . Food has to be fresh. Its that simple. Maria welcome back. Tragedy in california. Scorching wildfires causing people to evaluate, leave everyone behind. Live in Ventura County where the evacuations have widened overnight. Good morning to you. Good morning, maria appeared when a lot of those families return after the evacuations and when these fires could add this is the kind of scene they are going to find to their hunting facade. The brick facade all that is left for this family to come back to you. Everything they owned, everything they had completely destroyed. This fire moves so quickly that very few of the families and the many, many homes being destroyed had time to gather any belongings whatsoever. They face coming home to the complete loss of everything they once had and that they once treasured. These are being whipped by santa ana winds, and the warm dry winds we often get at this time of this year. Frequently they are left distracted because they know weve had rain in this part of california. Not so this season and that is what it is so difficult for firefighters. So much of the visitation is bone dry and you get these gusts of winds up to 65 Miles Per Hour at some point within the winds which are just a mile or so from the pacific ocean. Then he would beautiful views, not destroyed. Nasa has also put out some interest and aerial photographs of the extent of the fires across Southern California and you can see the smoke clouds from so many of them. Another is the difficult one to send the philmont area directly north of los angeles currently burned around 11,000 acres and destroyed dozens of homes. Also farms and ranches in that area and weve seen some heartbreaking video for no one smoke filled roads. People trying to get them out of there. The reason that some of those horses in the sunland area were killed and working as hard as they can. Extraordinary work by thousands of firefighters. The winds have died down right now i can tell you, maria Sharon Ventura at least in the help because of the added daybreak they will get fixedwing aircraft and helicopters up in the air to start dropping the water and fire retardant materials on the flames moving west now. The good thing is that is slightly less populated areas. Thats the good news. The harry and is such a hard battle for 48 hours and after that, so many families are written for her break when they come back to what once were their homes. Maria just an incredible development. Whats really incredible is the win because you got the numbers in the existing fire and a huge when that comes to 10, 20, 30 miles an hour and then it just goes into a persons home in the home goes up in flames. Its pretty horrible. Dagen we saw the devastation in Northern California for these wildfires a few short months ago. Its really incredible with the loss of life. Its amazing the disasters weve been through through the hurricanes and fires. The wind and Mother Nature and so are people on the ground trying to fight these fires are spread so thin. Sleep deprived and its been a very, very terrible wildfire season so far this year. Turning to the dry weather has not held. Warning of delays delay is that searcher delivers from online orders. While also dealing with the fallout from the facility, google ranks as the one of the top five places to work. Weve got the list coming down. Countdown we will build that maddux. Coming out. [vo] progress is an unstoppable force. 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British intelligence and police prevented obamas terrorists from carrying out a Suicide Attack that would place an explosive device on downing street at the Prime Ministers office. Two men arrested last week on charges of preparing acts of terrorism. It is less than one week until the Alabama Senate special election where voters will decide between embattled republican candidate roy moore and democrat doug jones. The race causing a split in the Republican Party after President Trumps endorsement of senator jeff flake 9100 donation to johns campaign. He treated at the foot of the check and look what he wrote in the memo over party. Meanwhile, Steve Bennett appeared at a rally last night in the same flake for the donation. Lets talk about jeff flake. Did he sign a check to pay 100 to jones . He said put country ahead of party. Come on, brothers. If your generated chat, write a check. Maria Steve Bennett, ladies and gentlemen. Most republican senators have continued to keep their distance from more at this point. If youre waiting for a Package Delivery from ups, you may have to wait a little bit longer. Some deliveries are being delayed one or two days because of an unexpected flood of orders from Online Shopping especially the week after thanksgiving. Recordbreaking day 7 billion in sales for cybermonday alone. Ups plans to hire 95,000 workers to meet demand and they are extending hours. Meanwhile, an overnight fire at a ups center in maryland has sent an undetermined number of packages up in smoke just in time for the holidays. These outlets reported 10 tries on a package loading structure while on fire. Ups working to identify a shipper is that whatever damage packages brett bair. Where is the best place to work . Blaster or released its list for 2018. Google came in at number five. West coast burger chain, and chain, in and out number four. Number three, boston consulting. The former number one slipped into second place and coveted number one, facebook, this can need to work for roughly 17,000 employees working with smart people and food is a huge plus to work at facebook so far this year. Cannot year. I dont do mornings with murray as the best place to work or not is good maria im surprised. I think it is. Dagen you, Dagen Mcdowell called the ups story. Dagen i treated this. I was having shipping problems with ups. They will blame the flood of packages from black friday and cybermonday. That is not what is going on. In early to mid november, twice in one week they lost a package from the same online retailer for me. A literally, this package has been sorted. They didnt know where was. If you call dps command had no idea where bias. There was stuck in reno one point had to cancel the order and get a refund in every ordered it because i was going out of town. I would assert that this was a problem not related to the flood of packages for the Holiday Shopping season. This is a logistics problem that ups has yet to work out. Which is interesting because they consistently invest in a logistics. They pride themselves on their supply chain. That was the difference between ups and fedex versus the u. S. Ps. You are starting to see usps could a lot more business because theyve invested in have a pretty Good Partnership with amazon. Trim to roof keep watching that. Lena diamond warned Hillary Clinton sat about media mogul and major donor Harvey Weinstein during the 2016 campaign. But hillarys camp is saying now about that here the former president ial candidate is not a Christmas Tree topper. Back in a moment. Alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Good once a morning welcome back everybody. I am Maria Bartiromo. Your top stories right now. 6 30 a. M. On the east coast. They show that more than half of americans disapprove of the tax cuts. They promised it will put more money. We have Companies Moving back into our country. Its 81 times since the election. c as the tactics talk continues. The s p 500. Its pointed to a decline and the opening of training. Take a look at european markets right now. Down one half of 1 . In asia overnight declines across the board as you see here. Down roughly 2 . Between google and amazon. I warning going unheard. About Harvey Weinsteins treatment of women. Celebrating resists miss. There are now a Christmas Tree toppers of Hillary Clinton as an angel. While President Trump is one of the mostc prolific. Tax reform to two new polls out this morning. They show dismal reviews of the tax plan. Gallup is done. 29 approve. Similar results showing that 53 percent of americans disapprove of the spell 29 approve. I dont know how anybody can approve or disapprove of it. And on the kick in and get everything that you want. It hypothetically adds a dollar 31 where you had 2018 earnings in your price target. The s p we use the bottomup operating. c it means your trading 17 times which is not that outrageous. To your point is the reform of Corporate Taxes. People should be responding to that in these polls. They are letting the democrats drive the source of buggy. They are focused on what are you giving to the individuals that is not what this is about. I think the big story here so that half the people disapprove. Its impossible for people to get the information right now. What im talking to people they say on one hand its could be middle class tax relief and then it will be tax benefits for the wealthy. I dont know what to believe right now. This is can be the apocalypse. This is armageddon. c that is one that at all cost they will not compromise and that is causing and the American People confidence in government. They might think theyre doing a great job in getting the support away from the president. Given that there is so much division. Then where do we position ourselves next year. Very slowly. They are protecting rate hikes next year. Lets talk about the risks. They do die of age after eight years we usually seek a return to slow down the recession. You also had 3 quarters to enroll. I dont know it does that continue into 2018 with these risks. I would arguec that this is not your fathers typical recession. If years to go before they ever tip over. The fed comes in pretty fast there is talks about that. Everybody is kind of worried now. They will be anybodys expectations. What is the biggest risk that you see and the market. I think its can it take up very slowly and were in a secular bull market. There were pullbacks of the Jack Kennedys steel crisis. And then 82 to 2000. It did not stop the secular bull market. c the s p lost 20 . The market came back and then some was up 25 percent. It was not interrupted. Is that kind a kind of political risk. People need to be prepared for that. What is the tenure telling us right now. There is going to be a downturn in one of those markets. Look what happened to tech this week. And its done exceptionally well. Next year should we look at financials given the fact that we could get a tax break was some of the highest taxes. Or do we continue to tech. You havec a tech selloff in june if you recall. What about the last couple of days what is it telling you. If i had two sectors in only two to play a be technical. I feel like im a little worried about this. Its not hard to do. You can decide if you want to be playing hard or not playing so hard. Your syllabi are used to still like tech. In going into 2018 what is the average portfolio look like. Jeff, we will leave it there. c we will watch that. Youtube has been yanks. The war between amazon and google. We know that President Trump has a great love for twitter but they were not the most liked of the year. Back and the moment. Over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. Welcome back markets are under pressure this morning. Futuresc indicating a lower opening. The dow industrial. Dot about 40 points right now. The nasdaq continues to see the sharper move lower. Done almost one half of 1 . Google is pulling youtube off of amazon devices. They are making the move in retaliation for amazons refusal to sell google products. Google has removed youtube from fire television. They are up near 30 this year. It set to report fiscal fourthquarter earnings. The Companies Currently and the middle of an unsolicited takeover battle for qualcomm which is resisting the bid. The Supreme Court is torn over the gay wedding cake case. Hundreds of activists on both sides turning out on the Supreme Court. The justices hearing nearly 90 minutes of arguments. It centers around colorado baker who refused to make a wedding cake because it violates his constitutional and risen religious rights. Anthony kennedy appears to be skeptical. c actress Selena Dunham calling out the campaign. She warned Campaign Officials about the disgraced hollow dash mag hollywood mogul. They heard stories about weinstein from other actresses and said they had troubling interactions with him. She worn the campaign about Harvey Weinstein remember he has donated thousands of dollars to the campaign over the years. The wave of Sexual Harassment claims across the country is causing companies to tone down and worn whatever you call it its not happening. Its canceled. Hey idiot, im and looking right at you. It may not be that severe but the wall street journal has a really good supportc report on this. They are warning their employees you have to behave this year. The dos and donts include dont kiss your colleagues under the mistletoe. Dont gyrate on the dance floor posting stupid fun pictures on social media dont do that and offcolor jokes are a nono. Someone might be wired. Hillary clinton may not be and the white house but she can be in your house heller is going to be sitting across the country and assist a Christmas Tree. If you wanted to decorate your tree with a strong lady. They can also be purchased online. One of these christmas angels wrench about hundred and 40 bucks by the way. Ill be worried that it would combust. Thats what i would be worried about. The last thing you want to do is pare christmas in religion with Hillary Clinton look at the list of women to look up to. And the conservative women. c are we to make a judgment on who we should look up to. I love the British Company dictating to us who we should honor its one step beyond. Bring on the christmas carols. They are neck and get any sales. The second workout. That is your british point. That is the only thing i do on the dance floor. Dont we have some common sense tips and didnt we not learn this. Also, not to get back to the Hillary Clinton thing but look at who Hillary Clinton associates herself with. You cannot get thatc as a tree topper. That was the most tweeted about movie last year. You might be surprised if you got the most lakes of the year. Back in a moment. Your Insurance Company wont replace the full value of your totaled new car. The guy says, you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With new car replacement™, well replace the full value of your car plus depreciation. Liberty mutual insurance. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. It is President Trumps post favorite social media platform. Hey lauren. He did not. Its amazing. On his his favorite form of can communicate to the public. Much less arguably. We want to show you because barack obama is the owner and the author of the most liked tweet of the year this was in response to the charlottesville of violence he quoted Nelson Mandela with that picture and said no one board hated another person because of their skin their background or their religion. 4. 6million times. Twentytwo people died. She got on social media and she wrote brokenc dont have words. Im so sorry and that was 2. 7 million times. It took her a while to actually say something. She was so torn from. But when we think about the most re tweeted tweets of the year Carter Wilkerson eye school kid in nevada he basically tweeted out sane you the best Chicken Nuggets. Carter wrote help me please. He fell short of the 18 milliondollar goal. Anyway, his tweet became more re tweeted than ellens tweet during the oscars. The wendys Chicken Nugget tweet got more than that. With all of the crazy stuff going on and the world. As for movies the most we did about maybe this yearc i know you are a fan of wonder woman. Justice league i have not seen any of those. Loblolly and is on hbo right now. Thats all i do is sit in front of the tv. President obama week credit President Trump a present trumpet being a master marketing and selfpromotion but so was oma baa obama. It will shape that president s legacy. Almost more than anything else. There is a famous one of president obama laying on the floor on halloween. He is lane on the floor on the back. c the little girl has an elephant costume on. I think thats probably the most famous photo. Youve got a phenomenal photographer falling around. He is releasing them. That would shape a legacy. In terms of marketing what obama didnt have as he did not coin a new word he is more restrained. Instead of buying stuff from disney or amazon how about buying your kids shares of the companies instead. And i can do it with whats already within me. Because my body can still make its own insulin. And onceweekly trulicity activates my body to release it. Trulicity is not insulin. It comes in a onceweekly, truly easytouse pen. It works 24 7, and you dont have to see or handle a needle. Trulicity is a onceweekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. It should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you have a personal or Family History of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if youre allergic to trulicity. Stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may worsen kidney problems. I choose onceweekly trulicity to activate my within. If you need help lowering your a1c and blood sugar, activate your within. Ask your doctor about onceweekly trulicity. Welcome back good wednesday morning everyone. Im Maria Bartiromo. Your top stories right now 7 00 a. M. History and the middle east. With plans to recognize jerusalem. Moving that u. S. Embassies to the city. The decision being met with sharp criticism from the region. They are talking about three days of rage actually. Foxbusiness is taking you live and bringing you the coverage of the president s announcement on the embassy begins at 1 00 p. M. Eastern. Meanwhile the news come amid attacks bid here at home. Nipples are showing that the majority of americans do not support their plan. We are getting those rates way down. We are the highest taxed industrialized country and the world and will compete much better with china. And have a 15 rate. c the former markets are under pressure. The Technology Leadership group on the downside. The s p are down fractionally as well. Indications for your similar story. They are pretty much mostly lower. It was lower by half a . In asia overnight markets were lower over the board. And the ek average in japan almost 2 as well. The federal government bringing charges against Illegal Immigrants recently acquitted. The devastation in california to report thousands of people forced to evacuate as a Massive Wildfire grows out of control. They had been forced toc destruction. The music superstar beyonce. With the legacy award. The details on the surprise appearance this morning. The benchmark managing partner. Great to see you. Good morning. Lets keep rocking. Lets talk about this this morning and where are we on the tax plan. It is and the senate bill. Lets see if they will get rid of it. They dont fully repeal and the senate. Its largely there for the corporate. We will walk through the tax plan. Sara evans adjoining us as well. c do you stay with us we kick it off right here with us top story. As a capital of israel and well relocate from tel aviv that is following up on a Campaign Promise. Kevin corke is covering the story right now from the latest. Good morning you are right. The process to move the embassy from tel aviv over to jerusalem i will well probably take three to four years. Again that as a process that begins in earnest today right around 1 00 when the president announces that the u. S. Government well in fact follow up on a Campaign Promise he made to me that embassy. We will move the embassy to the internal capital of the jewish people jerusalem. Huge cheers with the president there. The sixth of the december the president will say that the u. S. Government will say that. It breaks with longstanding diplomatic policy. c congress authorized that move over two decades ago. As you can mention condemnation has been forceful. For the prospects of the internationally endorsed. Here is president your iran of turkey. It will continue with result. This can go as far as breaking off the agreement. Back here and the u. S. Senator feinstein writing this. It is an issue that should be decided not unilaterally that is. Recognizing the capital. It will spark violence on both sides of this debate. I should point out for fairness sake she is one of the major proponents. She also backed a resolution. Once again we will have live coverage for ymue once again back to you. We will keep following that. On the jerusalem embassy. Join us for that. The Investment Group has released an advertisement revenue forecast for the year ahead. It anticipates growth of 2 this year. Facebook and google continue to reign supreme. The thirdquarter advertising revenue and joining right now and 40 billion and facebook. Are they always wanting to have a complete package including television. As most of it going to places like google and facebook. Its about 30 of worldwide advertising. Probably 40 or 50 in a few years. Digital penetrates everything that they do. The answer is it is a package about your ability. The Consumer Brand safety. And the children be protected from inappropriate content all of these issues and fraud on the internet. Its a very complex system or a chain of money as it flows around the internet ecosystem. There is a inevitable surge and the rise of online advertising. Google is the biggest investment that we make on behalf of clients. That will compare for example it would all be together about two and a quarter billion dollars. c a combination. Thats part of the reason to do the deal. It might be considered at the moment. Now in these talks appear to be advanced. Fox wanting to sell the entertainment ads. Comcast also was a bidding. How does that change things. It feels like the consolidation is only going to ramp up. How does a landscape change. The big five including apple and microsoft. They are all very competitive now. In content. The big issue at the moment particularly as disney goes over the top and the formation of overthetop tv channels. This all means that the price of content is going to rise. c amazon and netflix can pay 10 million for an hour of entertainment. The Traditional Networks well probably pay about 3 million. What we saw in india for example of the murdoch nexus. To an half and half billion for the cricket rights. They bid 750 million for the Digital Rights alone. I think it mightve competed the battle for life content you see him as amazon take it. Amazon going for the they are paying millions for things like life sports. Its why the content continues. You are seen as shuffling of the day. It will bec a game of musical chairs. And the case in our very own industry. Does it become lower business. I think we are losing the balance and the marketplace and were looking for that. The problem with the online marketplace as indicated was in balance. The amount that goes to google and facebook. Other people are falling by the wayside. Every year they are increasing their penetration. They become an alternative. They said that position on snap. And we are spending going from a couple hundred million last yearc 400 million. It will be double that. Outofstate 900 million. We are trying to invest on behalf of our clients but were talking about a blip in comparison to google in our case. One of the worries for tech is that we are looking at it different Regulatory Environment are we they are being scrutinized they have not caught up. Are we looking at different hand. I think its coming faster in europe. And we still have the general competitive there are two other decisions to come down. I think its one of greater regulation has been exasperated by amazon. It is about one and half to two at half billion dollars. Currently against google and facebook. Im talking about the total. Amazon is coming big time. Bigtime. And not just with alexa they are flooding the market. It is a real estate battle. And then the others have the voice activated methods. 55 percent of product searches are from the search device its a voice activated search device. c because of the concentration of power. The argument about verticality it is all more than half a trillion. Im sure you will do a deep analysis on my and that company got to 1 trillion. If that was to happen it was sent about mona. That did not last long. It lasted 48 hours. Life will never be the same again. They appear out of nowhere. My secret visitors. Appearing next to me in plain sight. Hallucinations and delusions. These are the unknown parts of living with parkinsons disease. What stories they tell. But for my ears only. What plots they unfold. But only in my mind. Over 50 of people with parkinsons will experience hallucinations or delusions during the course of their disease. And these can worsen over time, making things even more challenging. But there are advances that have led to Treatment Options that can help. If someone you love has parkinsons and is experiencing hallucinations or delusions, talk to your parkinsons specialist. Because theres more to parkinsons. My visitors should be the ones i want to see. Learn more at moretoparkinsons. Com welcome back wildfires continue to bird throughout Southern California this morning. A pretty tens of thousands of people. The most damaging fire is in Ventura County. That is northwest of los angeles. I hundred 50 instructors had been destroyed. Theyre preventing them from dumping water. At 0 containment. They are can expected to go into friday. They are expecting the entertainment industry. Cbss swat and the west world they had been suspended. They are very close to the fires. They are descendents unsafe working conditions. Beyonce surprising the former nfl quarterback presenting him wrh that mohammed ali legacy award. Im so proud and humble to present the legacy award to colin cap her neck. Colin kaepernick. The personal sacrifice whether he is played and the nfl or not he will continue to work for the people. How about a beer with your pizza had. They are testing beer and wine in phoenix. Wine owners it is kept cold in a cooler. Its up more than 30 this year. The cost of doing business. The mice massive price tech. Sweeping into the Russian Election meddling. And then forget the red writer. Sita see to better bring his checkbook instead. We will tell you whatc it is. Ive been thinking. Think of all the things that think these days. Businesses are thinking. Factories are thinking. Even your toaster is thinking. Honey, clive owens in our kitchen. Im leaving. Oh never mind, hes leaving. But what if a business could turn all that thinking. Thinking. Endless thinking into doing . To make better decisions. Make a difference. Make the future. Not next week while you think about it a little more. But right now. Is there a company that can help you do all that . I can think of one. They show dismal reviews of the tax plan from the American People. They found 50 of american disapproved of the bill. 53 percent of americans disapprove of the spill and 29 approve. This is interesting and i know earlier you said this is a messaging issue. People to understand the plan and maybe thats why theyre saying howdy disapprove of disapproved of getting more money in your pocket. The republicans have not sold this well. It has been all over the place. And when you had bills that are in texture from the are being put together. There are couple of things i think theyre always back on their heels. Theyre always letting the democrats get ahead of them on messaging. We are trying to make america more competitive and be a place where people want to come and create businesses. c we want the next apple to emerge. We are reforming the tax code. We are to prevent companies from going overseas. We will draw the business here. That is what we are changing. And number two. On the individual side we are simplifying the tax code. And we are we are giving people the tax cut. We are raising taxes on the wealthy. What it does is it is not a tax cut for the rich. It plays right into the talking points of the left. And they dont even explain that while. There are a lot of people that are seen their taxes go up. And the blue states and in high income states. I do think that the republicans do try to message those points. The democrats were so set on this. But its its good to be a tax cut for the wealthy i think that overshadowed a lot of the republicans. When you look at these poles you pulls you also see the population waiting. c it is is can have an impact on people. I do think the republicans could do a better job messaging that going forward. There are a lot of people and the high populous states that are confused. Is it really can make them better or not. And raising the child tax credit. That applies to the average family in this country. And they need to keep hammering that. There are issues on the individual side. And the corporate side and the senate. If they delayed the Corporate Tax funds i one year. I did not think that was a big deal. But is it. Does it slow or delay the recovery. I think they need to pass that home. They can pay up to 44. 6 . They are subjected to the obama care taxes that has impeded their growth and development and hiring. On the Corporate Tax ratec it does hurt them. It is going to defer by hitting an allocation of resources. They dont know should the house then go back in 2018 to the democrats and what implication that could have on future policy. There are a lot of questions still and the area. This is really meant for Small Businesses. The final bill it needs to get rid of that. And that bubble rate. By keeping the amt. We will get rid of the state and local tax deductions. You can take the tax seduction in a lot of the states but the argument was at least you wont have to deal with it if we get rid of this. But now youre juergen have to. And it does hit people and amt doesnt really ensnare the riches. 60 of filers making betweenc 20,500,000 a year are subject to the alternative minimum tax. And its only 20 for people above a Million Dollars. Its hitting people who are essentially middleclass and the high tax states. Is it really generating that much revenue. I guess so. Will take a break. Another chance for justice. New federal charges. Russia is ice out of the Winter Olympics. Back in a moment. Whoooo. When it comes to travel, i sweat the details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. Welcome back good wednesday morning. Thanks for joining this is morning. Im Maria Bartiromo happy wednesday, it is wednesday, december 6, top stories right now 7 30 a. M. On the east coast, Global Markets under selling pressure in morning s p 500 suffered first threeday losing streak since august futures pointing to particularly Technology Nasdaq down almost one half of a percent in Europe Markets mixed mostly lower cac quarante in paris down half of a percent, the dax in jeremy almost 1 down ft 100 barely positive up 3 points, in asia overnight, declines across the board, and the to me kay in japan down 2 weakness in tech sector hong kong hang seng down better than 2 fight for justice for kate steinle federal charges against illegal immigrant acquitted in the death a look at legal case ahead donald trump, jr. , for the hill will face questions today in probe into Russian Election meddling a black eye for russia the international o Olympic Committee banning the country from winter games in south korea forget iphone 10 what Millennials Want this year it is not stocks. Big reveal from oriole cookies the flavor of the filling viral weve got it here, first top story in half an hour, another chance to justice for kate officials announced charges against jose zarate found not guilty in shooting of kate steinle a grand jury did indicted if i am for being glon no pegs of firearm illegal present alien in pegs of a firearm could face 10 years in prison judge napolitano. Good morning. Good morning what do you expect from this case. Evidence is almost a slamdunk at this point because he through lawyer didnt testify in murder case but to his lawyers admitted he had gun he claims, fanciful he claims he found gun wrapped in a towel didnt know what it was picked up towel accidental it went off i will tell you i have fired this gun, not this very same one but the same make and model. There is no safety on it but trigger pull requires a substantial amount of effort it is nearly impossible for that gun to go off accidental unless a human being has finger in the trigger. Nevertheless, because the state charging firstdegree murder planned plotted calculated murder rather than lesser charge because state focused all efforts on that none of the efforts on lesser charges like Involuntary Manslaughter, definition of Involuntary Manslaughter engaging in some activity highly dangerous, and highly unheedful of the fact somebody could be harmed he was acquitted of everything the feds come by say this cant keep happening we deported this guy five times each time commits a crime we have to find eat charge we think will stick going to have to pay for him to stay in federal prison 10 years these are two charges felon possession of handgun illegal immigrant in possession of a handgun evidence of guilty both overwhelming. Wasnt heing waving gun around 20 minutes not like oh i found this it accidentally discharged. Undermines this idea in a towel. A and undermines Involuntary Manslaughter weaving a gun sooner or later going to hurt somebody it would have been better, for Public Safety had he been convicted of Involuntary Manslaughter but convicted of nothing Involuntary Manslaughter carries 10 years would have saved feds current prosecution that we are talking about, now turning to russia election he probe a new report shows Robert Muellers investigation has cost taxpayers more than 6 1 2 Million Dollars in first five months so this report judge comes as a President Trumps son donald, jr. , preparing to testify before House Intelligence Committee behind closed doors panel expected to grill donald, jr. , older son a russian american a former business associate to President Trump here beef seven Million Dollars, weeks and weeks of this constant talk about potential for collusion, zero evidence. You know, 20 years ago there was a statute governing appointment of new independently counsel constitutionality was challenged it was upheld but in defending justice scaliaing articulated great gamuts some philosophical constitution us do ent recognize independent thing existing on its own who controls the budget the answer is he controls his own budget and can spend whatever he wants, judge walsh investigating iran continuera, judge ken starr investigating whitewater 52 million, bob mueller investigating socalled russian collusion seven million, we dont know where this is going to go now on donald, jr. , there are three entities investigating socalled russian includings bob mueller House Intelligence Committee senate Intelligence Committee two subinvestigations house judiciary Committee Senate Judiciary Committee how many investigations do we need talk about wasting money on the other hand the public has right to know what government is doing with money interrogation of donald, jr. , should be in public, so they can see it, not in private, so the democrats can leak their version republicans can leak their version. Maria still waiting to find out where the investigation of the Hillary Clinton situation lets show cover of New York Post today that is fbi this is agent sending the negative tweets against donald trump. Dagen messages to mistress, antitrump. Sending text plechz to his mistress. Dagen antitrump messages this was lead investigator on the mueller probe, and despite subpoenas from the Intelligence Committee exposed the text Mueller Justice department kept information from house investigators there is some there is stone wall in this. Big time stonewall. This is not supposed to has been when the same Party Controls executive branch and the legislative branch should work together. Last night before i went to bed i did see from one of our colleagues, in d. C. An email saying that the Text Messages will be released in secret not public, to the House Intelligence Committee remains to be seen if they do that. Dagen it is not just the fact this investigator was working with mueller, he also interviewed cheryl mills and huma abedin, asked about their knowledge of Hillary Clinton. Maria they lied to him. Dagen and they lied, we found out through other channels they lied, he else wordsmiththed jim comeys statement on Hillary Clinton, changing the language to extremely perilous from grossly negligent this pan has had hands we know involved with major, major investigations resulted in with Hillary Clinton nothing maria and story in daily caller today saying why was Michael Flynn in trouble for lying to the fbi and cheryl mills and the huma abedin were not. That is a very good question but not a question to put to fbi all fbi does is gather evidence with exception that Hillary Clinton thing jim comey made decision not to prosecute a decision not his to make the decision to prosecute general flynn was made by 13 lawyers that work for bob mueller after five fbi agents reviewed his interrogation on general flynn i am not necessarily of cheryl mills huma abedin because they lied. Those lies can still be prosecuted just as mrs. Clinton can still be prosecuted. I am going to look in camera say what i said five times before attorney general sessions would you please reexamine the evidence against these people present to it a grand jury mr. Prior to that time would you pick up the phone and ask the attorney general to do this. There is no reason that he should be by jim comeys ill advised decision not to prosecute. Wrapped in conflict. In terms of lying subpoenas out for information and they stonewall they are not getting the house intelligent subcommittee and information that they are asking for. The house intelligence cois prepared to ask the hurst to hold rod rosenstein, really runs Justice Department and chris ray newly pointed head of fbi in contempt almost inconceivable when in same Political Party that is the limit of frustration that congress feels, you can see our frustration, all this is behindthescenes, and we have to analyze on the basis of dribs and drabs of republican leaks democratically leaks rather than an we know confirmed fbi has heavily politicaled spofg to be independently, dont attack fbi they are independent, they do growth work. Robert mueller, investigating former colleague fbi effectively. I doubt it the crime is lying to the fbi not to mother theresa fbi are cops wear suits better educated speak better but their job is to prosecute people they sometimes use tough technical nicks to do that. Dagen you go to jail if you lie to fbi they can lie to you. Ask martha stewart. Dagen they will lie in interrogation to try to get you to upheld tricks deception by Law Enforcement to us, but not from us to them. Maria calling out the agent for sure. Dagen major cover story for post. Maria bring breaking news, Time Magazine person of the year silence breakers invoices that launched the meity movement top a spot includes ashley judge, the Singer Taylor Swift President Trump first reason ier up but the voices of me too, named time person of the year what do you think about that. Good showing a tectonic shift in society, there is is not going to be unaccountability for men in power trying to we would influence over women. Dagen i think we have had personal conversations, people, i hope that what changes is when a woman is treated in a way that she that is wrong, that she speaks up at that moment. That she can step up feels she is protected enough can look man in the eye say i dont need a neck rub at work not that that ever happened but that is like, get your handsoff me you pig maria back off. The law favors they aretically protects innocent and victims and anything that makes it easier for them to reveal the harm that has happened to them even subtle harm even harm we all sort of take for granted a good thing on the other hand time is a shadow of what it once was. I am glad not Colin Kaepernick can i just say that. I know actually interesting because home and garden now me too. Backed by coach brothers. Editorial policy i hope women do what i did 20 some odd years ago editor sat too close to me i was move down sofa dont sit near me. I had similar experience when we come back russians winter olympic plans on ice shocking decision to ban the powerhouse from participating in winter games next. This christmas top request from millennials to santa down the exactly come wrapped in a box. Back in a moment. [lance] monica, it is absolute chaos out here gale force winds, accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Maria welcome back, nearly 200 passengers aboard one of the largest cruise ships become sick at sea, Cheryl Casone with details. Dagen maria passengers onboard ovadion of sea suffering stomach problems ship served a bottomless brunch Officials Say five people taken to a hospital tasmania carries more than 12500 at sea 14 days after singapore chef to arrive in sydney tomorrow, welcome, russia has been suspended from 2018 Olympic Games in south korea. International Olympic Committee said russia ran statesponsored doping program at 2014 games in sochi did say russian athletes with clean history will be allowed to compete but not to wear russian uniforms, play National Anthem if they win gold Vice President has not said if he will allow them to participate under those rules, wondering what to get millennial for christmas . How about one of those student loan payments a survey found nearly 70 borrow or want a loan payment this season, some in case working on 350 bucks, average payment for a student loan. Millennials, by the way, might be a fan of this, get this oriole is revealing their much anticipated mystery flavor hit shelves in october,cookie fans putting taste buds to test to win the 50,000 dollar sweepstakes correctly guessing only one winner weve got the cookies on set. Smells like cheryl i want you all to taste tell me what you think. Maria some kind of mint. Cheryl a guess. I know what it is put it on my congratulations. I win another cookie. Pretty pebbles selling them, and one big winner we dont know who it is actually probably orioles for life. We will see if a hit with consumers, yeah there you have it. Good job. I like it. I know or yellows. Come in. On cereal. Dude. Strawberries i havent had in a while. Why do millennials shorten everything like that tweet that tweeted a year when biggest retweet talking about rather than Chicken Nuggets it is anonymity ugs, i need a nug. Why does president why dont you say frozen yogurt. [laughter] yeah, thank you for the cookie cheryl. Maria next gift that keeps on giving one more parent stuffing sock inside stockings this christmas. Back in a minute. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. You better watch out, santa is comin to town santa is coming to town maria can you believe it 18 days until christmas, my next guest suggested stuff stockings with socks ceo of Wealth Management good to see you. So happy to be here. Maria thank you for joining us why buy why not shares in company or etf. You can being do both say for arguments sake you are going to spend 300 dollars on an iphone, for your child, you can take that same money, and put it into a stock certificate show them the benefit of ownership established a habit earlier going to remember like a legacy for rest of your life an important lesson. Maria you could also they learn, stocks may not go up all the time they may go down can learn how to follow tracking that company. Maria absolutely. The company that they know disney absolutely if young you see disney, hey i see pixar all different companies, it is interesting to them they are going to look it up on internet my daughter loves that. Researches on internet. What are best stocks this season in your view. I think more important to establish the habit you are showing them ownership say i mentioned disney, in disney, all of a sudden say 100 dollars you invested in disney, returns you 80 dollars for the year, the you are showing the statement, wow this went up we are happy to see it. You do want to look for companies that are kidfriendly. Yes. That maybe they can relate to video games, movies. Millennials, kids, they can all relate to apple if you bought a hundred dollars worth of apple that 00 dollars is worth 350 dollars. Besides the stock we are talking about parents could give triedandtrue yet to kids particular companies, not necessarily can relate to yeah, you know, the socalled quote unquote, borrowing stocks. Teach investing. A salary those dividends a salary this company is paying to own this them. How young can you do this lets face it some are too young what is right age to start . The right age could be four or five years old where they really start to understand basic concepts, and you know, you can wait later if you want but just establish the habit. What is the sales pit top of 5yearold in your household. How do you explain to a kid listen if you are not going to see it nothing to unwrap, or you can wrap something. I see a little bit, i give them a little bit of both. Okay. Because i think it is important. Of course, we will leave it there thank you so much for seeing us joining us today. Still ahead Technology Titans go to war google hitting amazon where it hurts in escalating feud next hour mornings with maria right here. Back in a moment. Today were out here to test peoples knowledge about type 2 diabetes. So you have type 2 diabetes . Yes i do. True or false. Type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. That cant be true, can it . Actually, it is true. And with Heart Disease, your risk is even higher. In fact, cardiovascular disease is the 1 cause of death for adults with type 2 diabetes and Heart Disease. But there is good news. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Thats good to know. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. Isnt it time to talk to your doctor about jardiance . Absolutely. Ask your doctor about jardiance. And get to the heart of what matters. Maria welcome back good wednesday morning thanks is to so much for joining is i am Maria Bartiromo. It is wednesday, december 6, top stories right now 8 00 a. M. On oaks history in middle east President Trump making waves this morning, with plans to recognize jerusalem as a capital of israel moving u. S. Embassy to the city from tel aviv. The promise that past president s have made the president since then have engaged six month waivers past president s promised it, the United States Senate Approved it, 20 years ago 22 years ago, but it will probably take donald trump and his president ial will to make it happen. Maria decision being met with sharp criticism hamas calling for a day of rage, other factions calling for three days of rage, in response to this move. Fox business is taking you live to the coverage of the president s announcement, President Trump will speak on the embassy move beginning 1 pm eastern join us live as we take the president s speech, nice, of course, amid a tax reform battle at home, republicans are pushing forward to get a deal done but this morning new polls show a majority of americans do not support the tax plans, Global Markets under pressure s p 500 suffering worst first threeday losing streak since august yesterday the losses continuing the morning, nasdaq down a quarter of a percent s p 500 also weaker dow industrials also weaker by a fraction. In europe, this morning, similar story take a look ft 100 higher but i mean, should the u. S. Be worried about all these protests come a day of rage that hamas is, seen . Theyve had days of rage for years and years and we havent gotten peace. The fact again youve got the dates and donald trump saying we will support them back our friend israel and other friends all around the middle east a finally a president willing to back our friend to stand up for is right in the world can they get the better chance to give peas when youre not willing to roll over and let terrorist organizations to take turns. Maria good point. A new quinnipiac poll finds the majority of voters, 53 disapprove of the tax plan while 29 approve. Why do people not like this plan . The people i talked to like the plan because the middle class will get a tax cut and boost the economy. Depending how u. S. The question and i havent seen the question asked there. If you look at media reports and what you hear democrats in congress say if there will be opposing tax cuts for middleclass and hardworking families. When you look at what our plan does, everybody that is done estimates with a average family c. 1200 back in their pockets. Economic growth, jobs back to america. Sheesh good jobs, thousands of jobs at the time to Foreign Countries will descend being about a witty tome about it, they really like the feature. 90 of americans can do their taxes on a postcard. Education helps that. I talk about it in my district. They just have an heard about in the mainstream press. Maria even the people who like to plan isnt not been. The senate has kept in the alternative minimum tax for individuals and corporations. A lot of complaints about this. How will that end up . One more thing that just make it harder for businesses to grow. We are looking and trying to do other things, lowering the top or eat more, helping our Small Businesses even more. We do a lot to help Small Businesses and are built. We can do more to make that better. When you see the Economic Growth we get from the bill after eight years of stagnation and slow growth, people are just accustomed to that being the best we can do and we can do a lot better when you already see a lot of optimism out there and a lot more job creation and again wage growth we havent seen in a long time, and two. Once that happens people will be real happy. In terms of offers to lower top rate in the house, you look in a letter from 3926 or lower the rate, the global race still in the house plan 4526 on income between 122 and 126 million . They are looking at all of that in the Conference Committee. Differences between house and senate you can look out, but didnt think the individual mandate repeal in the Senate Version was repealed many times. Something like that could be in the version, too. Differences in the death tax. I would like full repeal. Senate has a different take on it. Lets get final differences were out. The big differences are most important to the economy and not floating rate, making it competitive again in the biggest of this all is weve had a president whos led the charge on this. I want to rebuild our middleclass come and bring him back to america and make jobs competitive and its been incredibly helpful in making sure we can get the votes to pass it through the house. He was engaged in the senate, two in one step left on the oneyard line to push this thing in the next two weeks. Already a real anticipation and reaction. Economist talking about 4 Global Growth next year. 3 unemployment. The next that in some good results. But talk about elimination of the state and local tax deduction. At 10,000 cap in terms of reduction in the house and senate bill, but a lot of people saying since high tax states like new york, new jersey california to lose that deduction none of these high tax states. Are you expecting as a result of this plan . Go to texas. High income people and businesses that moved out of california. Youll see the same thing from new yorks high taxes. Theyve are deep been really decimating their economies and run enough job creators that might continue. The bottom line is people will get tax cuts under this bill. That is what is most important and will get our economy moving again. 1 growth is a good day for 3 . If you break 4 growth on a regular basis, what bedminster families working hard to see wage growth and more money in their paychecks will be a really big win. Maria i agree more money in the paycheck, not that im saying annual see the elimination and they are cutting taxes on people who pay taxes. Ive been asking this throughout the entire process. The top earners are paying the tax and spending much of the money. They are necessarily going down. You know that because of the elimination of the deduction. Some of the taxes will go up. Ive talked about this a few times before. Each step of the way we work harder to make sure that folks even in high incomes is like new york, new jersey, california and others income tax relief as well. The work being done in the Conference Committee to lower the top rate will help everybody across the country, but especially people in those states like new york and california. Maria 35 , were we . Anything you change on one side youve got to make up for on the other side. A 2,125,000,000,000,000 in tax cut, which is unbelievably dramatic. Reagan revolution kind of stuff we are talking about. If you lower the top rate to some level below 39 points x, ultimately theyve got to find another way to make up for the money. Trade do what is money come from . It got ideas, but until they come up with something that works best for the economy for hardworking families, lets let them do the work. The fact they lower the rate is good for everybody, including the folks you are talking about in high tax states and i work closely with my colleagues in new york and new jersey, california and illinois to fix the problem then you will see the links at every income level and thats what we try to achieve, fairness across the board will be a winner from this. Should we be worried about a Government Shutdown . No, this week a short term id like to see a certain the fact use god some liberals we will keep working through this. Maria budget cuts have to come off in order to get the military where it needs to be. Good to see you, sir. Thank you very much. Well see you, soon. We will be back right here. Its such such maria welcome back. Hitting the wires that 190,000 jobs to the economy pick in the month of november the expert patient which is 185,000. Kevin kelly the expectation was wider than that. You had 36 economists with 170,002 in the 40,000 jobs the focus needs to be this job further reinforces with indicators we been getting from this economy. Gdp revision of 3. 3 really telling the companies are going out there spending money as well as reinvesting in their people and bringing on jobs. We also need tax reform to continue this. The fed repeatedly ask for monetary policy. Or fiscal policy as well as correspondence monetary policy. This is a good number, but in order to get those awardwinning thin policy. Maria friday we had the Labor Department coming out and that is expected to be 200,000 jobs for the month of november. A lot of people said this wasnt going to have been and what would happen if President Trump was president. We want to see tax refund get done. Maria yeah, for sure. Outofcontrol fires in Southern California forcing people to leave their home for Cheryl Casone on that. The sun coming up soon in california. The most damaging fire in Ventura County northwest of los angeles were 150 buildings destroyed and thousands more threatened. Preventing firefighters from dumping water from aircraft to protect homes and slow the flames and 0 containment so far fire conditions are addicted to go into friday as they are. The fire is also affecting the entertainment industry. Production on a pair of television series. Cbs watching hbo westworld, both productions have been suspended. That creates an unsafe working condition. Trade for two men charged to assassinate british Prime Minister theresa may. 21 road i keep enron accused of planning out an attack with the bottom near the entrance of 10 downing street before trying to kill me with a knife and suicide vests. The two men arrested last week are being held without bail. Google and amazon continue to trade punches in an escalating feud, google now pulling youtube from amazon devices or the move in response to amazon to sell google products on the website. The people who own smart speakers are not able to play youtube audio and this is even bigger. Google announcing plans to block youtube from amazons fire tv starts january 1st. Lets look at the companies headtohead. Google parenthouse about a 30 . Amazon up over 50 . Thinking right now, nasa is delivering almost 7400 pounds of cargo to support dozens of science experiments from around the world. The orbital cargo spacecraft has left the space station around control using robotic arms. Meanwhile, nasa commercial cargo provider space x is getting ready to launch another falcon line making the first use of the Launch Complex because it exploded back in september of 2016. The mission will launch a drug and supply with several tons of cargo and experiments to be held on the International Space station. Maria that is really cool. Thank you, cheryl. Ups warning customers of delivery delays during the Holiday Shopping rush. How when youre shopping could be posed on. Our Gummy Vitamins good for you . Or shocking that he says most Gummy Vitamins are not meeting standards of Dietary Supplements. The details next. s at fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. Touch is how we communicate with those we love, but when your psoriasis is bad, does it ever get in the way . Embrace the chance of 100 clear skin with taltz. Taltz is proven to help people with moderate to severe psoriasis achieve completely clear skin. With taltz, up to 90 of patients had a significant improvement of their psoriasis plaques. In fact, 4 out of 10 even achieved completely clear skin. 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Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Maria welcome back. Sweet and sour coming this to define the vitamins they taste good but are not providing Health Benefits they advertise. 80 tested did not meet the standards of Dietary Supplements according to consumer lab. Com. To me now family medicine. Dirk, also known as dr. Mike. I dont know, this sort of doesnt surprise me at all. I mean, if they gummy bear. S. , gummy bears are not supposed to be vitamins. Consumer lab did a great job proving this to not only does it not have the necessary vitamin c like to find any multivitamin, a lot of them came in incorrect amounts. If they said 100 of vitamin, they may have had 3 300 one vitamin. I get dangerous with vitamin d. , e. , k. ,a can build up and become toxic. You think you are doing to be good for yourself or children come you are doing a disservice. Maria the kids like it because they think it gummy bears. I like it. This is the one time i will say eat gummy bears instead of gummy multivitamins. You also saying you dont need to focus on multivitamins because you dont necessarily need multivitamin funny way. Studies are very weak to show theres any promise for multivitamins. Im a huge supporter of saying that. Dont add anything more because we dont know what the consequences are. Just like with gummy multivitamins. Extra vitamin k could cause toxicity. Why take it if theres no benefit. Maria they are not regulated by the fda. Im always skeptical of taking vitamins because how do you know the right dosage. They are not regulated. The only time we find out something wrong with the dosages and adverse events and someone dies or gets sick. Dagen how many people in this country die from vitamin toxicity . What are the symptoms if youve got detox . T. Toxicity. Its not clear. Fatigue, not a show, so someone goes to the er and they have no idea whats going on. Now biotin, common supplement people take for hair growth and nail growth. Now would hide the test we look for a heart attack. The results of the tests. Theres no reason, no benefit. It doesnt work for nail growth. Dagen all the women here because we get our hair pulled on an eyelash is pulled out, a lot of the women here take biotin. In my eyelashes grew from taking it. Not that thats a scientific study. In same network for me. Trade to does anyone get a flu shot . Tree into looking to see how the flu shot is performing in australia. 10 affect it against influenza. Number 110 is not bad because we are creating herd immunity. That means they arent going to get other people sick around them. Number two, if you get the vaccine, those who did sell it also helps you recover from the flu quicker. Also because its in australia doesnt mean its exactly the same thing will happen here. It is a pattern we look for, but not necessarily tempers them. Dagen want you to do on camera what you do when you said you didnt get the flu shot. Shame, shame, shame. I dont get sick. Ive had enough of you. Im trying to get you to stay healthy. Transferring this is why we are not taking the flu shot. We dont get sick. Maria ill take a two hour nap. Thank you so much. Maria even if we dont love your advice. President trump expected to make good of another Campaign Promise. Wants to move the u. S. Embassy. A lot of people talking about that. Lou diamond jury not to report Quarterly Earnings and break down expectations. The company is straightahead. The so what else is new . Hows your mother . Umm. Shes doing good. She needs more care though. She wants to stay in her house. I dont know even where to start with that. First, lets take a look at your Financial Plan and see what we can do. Ok, so weve got. Well listen. Well talk. Well plan. Baird. Maria welcome back. Happy wednesday. I Maria Bartiromo. When they come in december 6. 8 30 a. M. On the east coast. President trump making History Today set to recognize jerusalem as israels capital. He wants to move the u. S. Embassy to jerusalem from tel aviv. Couldnt turn scoring after hamas called for a day of rage as a result of that move. Fox admits taking you live to the president s speech. Full coverage of the announcement at 1 00 p. M. Eastern. Stay with us for that. Pushback on the republican tax plan. Two new polls show that half of americans disapprove of the cuts. Implications for lawmakers on capitol hill. The s p 500 suffered its first threeday losing streak since august yesterday. The low of the morning with dow industrials down 70 points a quarter of a percent lower in the nasdaq down a third of a percent. Europe markets under pressure with the exception of the ft 100 up a fraction this morning. Cac in paris than two thirds of a percent in the dax down better than 1 . Asia overnight across the board in japan. Depend on roughly 2 . We as in the Technology Sector as well. Bitcoin topping 12,000 now and flipping stocks related to the crypto currency as well within impact we will tell you about it. Time magazine announcing its person of the year and it is the silence breakers pick the group launching in group launching the need to movement setting off a reckoning of her Sexual Harassment. Recordbreaking Online Shopping means record delays and how you can expect to leave for Holiday Gifts this year. Plus, investors eyeing lululemon after the close tonight with a preview of how it stacks up against the competition. All coming out. Top stories, and President Trump making good on another Campaign Promise. Had to announce the u. S. Will officially recognize jerusalem as the capital of israel. Like berman at the white house life right now. Good morning. A Cabinet Meeting last week followed by a situation comes as the president is set to announce this afternoon he will eventually move the u. S. Moving the embassy in israel from tel aviv to jerusalem. Senior Administration Officials described this as a promise kept, though they also say it will take about three or four years to eventually face the same. They are quick to point out as they put it that this is a thorough and productive process. The secretary of state Rex Tillerson said this would not be an impediment to the Peace Process in that region. We continue to believe there is a very Good Opportunity for peace to be achieved and the president has a team devoted to that entirely. Protesters in bethlehem are already burning pictures of the president said one palestinian later described it as more of the middle eastern against muslims. Thomas calling for a day of rage on friday. U. S. Allies like france, jordan and saudi arabia oppose this decision. The president did call leaders in the middle east yesterday in the white house dismissed the immediate defense. He spoke with five liters is hardly indicative of everybody across the globe, but certainly hes going to have conversations with different leaders from across the world. Senior Administration Leaders argue the physical location of the u. S. Embassy is not material to the Peace Process. They also say the president is prepared still to support a two state solution. Maria will be watching this. Big story today. Fox business take you live to the comment. Live coverage of President Trump today at 1 00 p. M. Eastern right here. No signs of slowing down 15 minutes ago the november report shows the dreaded 190,000 jobs to the economy in the month of november. Above expectations. Right now markets are lower going into the number. Listen to this headline earlier this week on the Washington Post editorial page issued this. An ominous warning, beware in economic boom be where. Why would we beware of an economic boom . Gerri willis with that story. This is unbelievable. Robert jc nelson is a celebrated economics writer, writing the signals of economic strength must have been applauding record low unemployment, the bull market for stocks he says are actually signs of trouble in his words. We dont Even Economic boom, but that is what we may be getting. Imagine seeing a sense is this. What he calls grand room bust cycles were followed by economic turmoil. The 100 sixmonth expansion of the 1960s was followed by a decade of economic underperformance. Doubledigit inflation. Then he says there is the second grant cycle started with the tech boom of the 1990s and ended with the financial crisis in 2008 in the Great Recession. The female sues viacom and the excess of boom times cause the downturn. In his words, the bigger the boom, the bigger the subsequent bias. I have to say with all due respect, some economists might argue that the energy shock caused by opec raising prices four times over what they had read big factor in the 1970s bringing the economy to hugh and the federal housing policy caused the crisis in the Great Recession in 2008. There is this huge disconnect in to think we dont want an economic boom. Maria i have no problem with boom and bust it when you have a boom and then a bus, it allows people to enter once again. Thats why you want a stock market selloff, allowing markets to open up for opportunities for someone who may not have gotten in. The economic income inequality. We had the top in the bottom and barely anybody in the middle. We need to support the middleclass. Its completely disingenuous. In 1860s, 70s, and the economy is completely different. Thats why we need to modernize tax code. Its a complete disadvantage because the global rate is 22. 5 . They incentivize to invest abroad. Here we have a northeast academic born in new york city like paul krugman. Heaven for did get a boom. Heaven forbid we get a boom. People read this and then they dont want this tax policy to go through. What he is doing is the complete to serve as to their readers and its false economics and people are struggling to get by. They are having side households. Trying to decide no one put our growth. Trade three i will add one thing because you talk about the boom and the bust that the last two recessions started out with bursting the bubble, tax bubble in housing bubble trying to intervene to prop it up that critics next bible. And we have become manipulated and he wants higher rate and even more involved. I guess the Washington Post. Is not a freemarket guy. Dagen i am watching the bond market, the yield on the treasury. I worry that is the bubble thats about to burst. Train to the 10 year . In rowing up the balance sheet. Maria why wont it move . Why are rates so low . Is it telling a different story . Dagen that is what we want. We watched the bond market. We also watched copper down the threemonth lows. That is a sign of Global Growth. Weve got to watch that in the 10 year treasury. We want growth. Thats the bottom line. Maria prosperity. We will take it. Remember to tune into our live coverage of the november jobs report. Our special as we do every month this friday at 8 00 a. M. Eastern join us as we identify where the jobs right now. Up next, roadmap for tax reform with republicans plan up next to the Holiday Shopping rush is on causing delivery delays at ups. How long your packages could be postponed. That in a minute. Back in a minute. The [lance] monica, it is absolute chaos out here gale force winds, accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Maria welcome back. Ups blamed an unprecedented surge in online orders for delivery delays. Nicole petallides on the floor of the stock exchange. Maria, and the holiday season. They are already talking about delivery delays. They are blaming obviously cybermonday in the sales a scene from tanks getting onboard because the big picture of cybermonday did well according to analysts at the surge of 17 yearoveryear. The freemarket ups is down three quarters of 1 and already saying first of all the vast majority of packages will get there on time. Also raising the hours of the drivers up to about 70 hours in a daze. They are taking care of it. The issue resolved. We hope and i hope for you and your packages. Lets move on to lululemon. A win over the last 52 weeks. The analysts think that thirdquarter numbers will come in mind the bow down half of 1 . The one worrisome pieces retailers are showing trends less favorable. Lululemon is athletic wear, leisurewear, yoga. And American Eagle basing a great response to dan them. That is not yoga wear. They have noticed that tasting dressier styles and moving away from athletic wear. Seeing trends in opera, the infection gap as well. Those dont bode well for lululemon. Maria thank you very much. State and local tax negotiations this morning. California republicans maintaining some reduction. House majority whip Steve Scalise earlier with the plan. Each step of the way we work harder to make sure that folks in high incomes stayed like new york, new jersey and others are going to get income tax relief as well. If you look at the work being done in the Conference Committee to lower the top rate, that will help everybody across the country, but especially people in this state. Maria the host of varney company, Stuart Varney to talk about that. Did i just hear Steve Scalise refers to income tax relief . Maria theyve got the 10,000 cap on the property tax and they want to apply that to income as well as property. I think he just made the news there because i sense a little shift here in the debate about the deduction whether he stays or goes first date and local taxes. This is creating up for a up for new jersey, new york and california as we so often reported. That becomes the pushback here at California Republicans not happy with the middleclass constituents will end up paying more overall in taxes. I sense the pushback may have momentum here because the republicans want to keep the house to next years elections. They dont want to lose the 14 seats in california and the others in new york and new jersey and they would if those middleclass constituents and that paid more in tax. Theres a little bit of movement here. One person enters may get a tad relief. Maybe a little. Maria certainly republicans, but you may see a moving deduction. Load up the moving vans. The 1 in new york and california and illinois get creamed by this. The houses that they move out of all go down invaluable in the states which they label no longer be able to jack up taxes. They are all in trouble. Maria well see prices go down in the next year. Hell have a lot more on this in 10 minutes. We will see you then. Varney company right after mornings with maria. Join stuart in the next 10 minutes. Country music superstar sara evans in the studio. She will join us to talk about her record label. Big news. She is coming up now. The lica misses you. Im over it though. laughter thats fine. I miss her more than you anyway. Hey, my window is closing. Yeah thats okay. Alright miles. I love you. phone hangs up yeah i love you too. Traders theyre always looking for advantages. The smart ones look to fidelity to find them. We give you research and datavisualization tools to help identify potential opportunities. So, you can do it this way. Or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just 4. 95 per online u. S. Equity trade. Fidelity. Open an account today. Maria from countries start to music mogul, singer and songwriter sara evans has launched her own record label. Jimmy now is their advance. Great to see you. Congratulations on your success. On your label in our bug. Tell us about the decision. So, i signed my record deal with rca and it was for a seven album deal. Years ago, you know, when that happened i just nod that is so far into the future. When we finally got to the end of the contract, it was a decision i made to sort of go on my own because the climate of Country Music has changed so much. Maria how has it changed . Number one, it is change because we dont sell records like we used to. Everything is digital. Like the whole music business. Maria in particular country. About five years ago my good friend, luke bryan came out with a song called country girls shake it for me. You know that song . Its a fun song and its great and it was a huge hit for head. And then what happens is especially an country, the trend started and everybody wanted to do that same thing and sign luke bryan and release a song like that. Now for the past six or seven years weve had just an overwhelming amount of mail artist and we call it grow country singing about the parties and trips and it started becoming harder and harder to get played on country radio. When i had my last number one with a song called a little bit stronger. Maria i love that song. Your song is great. Thank you. I was one of two females in the top 40. That means there are 38 men played in heavy rotation. My team and i just decided, why not go in my own record label and do exactly what i want in control every aspect of it. Maria its hard to break in. 38 male singers. How do you get heard . Your latest album, the eighth studio album debuted in the fourth spot to number two spot on the independent chart is fantastic. What is it like having to code leak your Creative Control in her latest album . It is fun and theyre racking. I have an amazing team around me, team of advisers. I have a manager and booking agent and publicist and distribution company. When i was with rca records, similar to my dad and im like mom, its all on me now. I pay for every single one of those. Its been really, really worth it and i just want to build from here. Maria when youve got the christmas tour. Two years ago i released a christmas album and its called at christmas. Thats an original Christmas Song my buddy well for me. Shane stevens. It is so fun. A combination of my head with songs from the christmas hubbub and parts of it are very emotional like we sing songs like all holy night and religious Christmas Songs and we make a really, really big and i have an incredible band. It gets you in the Christmas Spirit in every year when they wrapped it to her, we are like in the best bid and also much fun because it gives us a chance to sing songs other than the ones we view all year long. Maria you are putting us in the mood. Words is the album. A song on the album i chose to record. I think there are so many meanings. Number one is because im a stickler for good lyrics and i hate lazy songwriting. I hate lyrics that are sewed him down. They dont expect enough from the audience. So i chose batman also words are so important. Maria they sure are. Congratulations. Their advance. We will be watching. We will be right back. Youre working in millions of places at once with iot sensors. Analyzing social data on the cloud to create new designs. And using blockchain to help prevent fraud. So get back to it and do the best work of your life. What is this . When we love someone, we want to do right by them. But some things we cant control like snoring. snoring introducing theravent antisnore strips. Clinically shown to reduce snoring. Theravent. The answer is right under your nose. When youre clocking out. Sensing your every move and automatically adjusting to help you stay effortlessly comfortable. I can even help with a silent night. Does your bed do that . I dont actually talk but i can tell you how you slept. Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Maria have a great day. Varney company. Stuart, take it away. We spent the week wondering if they would hit 25,000 print money like possible. Its wednesday. Now looks like a longshot. Good morning, everyone. Close but no cigars. The dow closed tuesday at 24,180. That is 819 points away from 20 5k. 14 trading days left before christmas. Never say never. Not with this market. Here is how we will open today. Lower again, but not by much greater couple hours ago we were down 60. Now we are down 25 and c