Transcripts For FBC Mornings With Maria Bartiromo 20180105

25,000 mark yesterday, the fastest thousand point gain for the dow ever with 152 point rally yesterday. President trump took credit in part for the latest milestone yesterday. We did, in fact, break 25,000 very substantially, i was in new york at event recently and one of the policeman came up, an officer, sir, i want to thank you, my 401 k is through the roof, my wife thinks im a brilliant investor. He said he was up 39 . I said you should be doing better than that, actually. Maria why the president says the next stop the 30,000. Futures indicating the momentum continues this morning. Check it out ahead of decembers job report. Markets are up strongly. Dow industrials up 78 points right now and another third of a percent, s p 500 also higher by a third as nasdaq gain ing 24 points sitting above 6600 on the nasdaq, economists are expecting a good jobs number today, 190,000 jobs expected to be added to the economy in the month of december one employment rate halting steady at 4. 1 . We are identifying where the jobs are this morning. In europe this morning markets are higher as well. Money moving into equities as well. Ftse up, thats third of a percent. Cac quarante is up almost 1 and dax index in germany up better than 1 , check out overnight in asia, similar story, green across the board, kospi index in korea opening up 1 and a quarter percent after holiday yesterday, japan strong up almost 1 in the nikkei average. Meanwhile theres this, bitter cold setting in this morning following massive bomb cyclone that buried the northeast in the snow yesterday. Crews are work to go clear the roads across the country. Picking up a friend who was in california, on the other end and her flight was canceled and im stuck in the airport through this cyclone bomb blizzard. Its closed down, theres no people. There are no planes leaving or going anywhere, so basically stuck here in the airport. Maria we are live with the full impact of the icy storm this morning coming up. Built on a bad foundation, the Justice Department launching a fresh investigation into pay to play accusations against the Clinton Foundation, the new allegations this morning from Hillary Clintons days as secretary of state. And a legal fire storm over fire and fu are, y, explosive new book hitting shelves today four days early than expected after white house aim today block the release. Latest of war of words between President Trump and the publisher. The intel chip flaw taking a bite out of apple, new security concerns that every apple device you own. Wait till you hear this, joining me to talk about it fox business dagen mcdowell, benchmark managing partner kevin kelly along with Fox News Contributor steve cortes, great to see you. Good morning. Maria we have another guest with us this morning dagen we cant take a shot. Dagens dog is here, charlie. What a good boy. I have him tied to a stool. [laughter] maria such a good dog. Dagen you take a nap over there. Maria we will be telling you why charlie is here coming up. We have a personal segment having to do with dogs so charlie is making a special appearance here this morning. Good morning, everybody. Dagen good morning. We love talking about good news, markets. Maria 25,000. Yesterday we talked about gdp. Raising expectations and we are on the heels to have adp number and jobs number that we are expecting today. Happy friday, happy jobs friday and they have been happy fridays lately. Not just the stock market but, of course, i love that and i i like the president is celebrating. Stock market was good under president obama but not on main street, for example, manufacturing, we just finished the best manufacturing year in ten years last year according to survey, its broad base, its real, its not just asset price. Maria a very good point youre making, the fact is the fundamental backdrop of the economy continues to strengthen and thats why we are talking about the rally going on this morning, 25,000 crack for the First Time Ever notching the seventh thousand point milestone since President Trumps victory in 2017. Seven times additional 1,000 points. The president weighed in on the record rise, he was at the white house yesterday. We broke a very big barrier and those who said we wouldnt break 25,000 by tend of the eighth, and we are in the 11th month, our new number is 30,000, what it means is that every time you see the number go up on wall street, it means jobs. Maria speaking of jobs, the december jobs report is out this morning and analysts are expecting 190,000 jobs to been added to economy with Unemployment Rate Holding Steady. We know the stock market goes up and down kevin kelly, its been going occupy pretty consistently since this election but its based on as steve mentioned real fundamental strength and recovery for jobs. Kevin im going the give the president a pass for talking about the market and one of the reasons is because the market is forwardlooking indicater and given the great Economic Data over the year and what he continues to do with the agenda, we will see a higher market from here. Thats why weve had three consecutive days of recordbreaking highs in the markets and guess what the fundamental change was, it was actually the bill that got on his desk by december 25th and thats going to unleash the American Economy because we cannot be so dependent on the Global Economy and thats whats really also helped push this market higher so in order for the Global Economy to do better next year, the American Economy to take them there. We are 25 of the worlds gdp and we need to act like it and the president s agenda has done it. Dagen one statistic that i loved seeing this morning, front wage of the wall street journal, if you look at the broader s p 500, this is the greatest bull market in post war history. A gain of more than 300 so the s p has more than quadrupled and started under president obama march ninth, 2009. Maria that was the bottom, sure. Dagen this surpassed the Great Bull Run of the 90s. Maria wow. Dagen so in terms of the power of this thing as it approaches this kind of critical anniversary. Right. Maria the president is talking about dow 30,000 yesterday. That got me nervous the talk about 30,000 so soon after 25,000 but people werent expecting 25. You better be careful about that. I do think its based on true expansion. Another stat of the wall street journal reported that i love which came from challenger, the job Analysis Company is that job cuts in 2017 were the lowest job cuts since 1990. Not just jobs being added, of course, but Major Companies announcing cuts vastly decreasing. Theres so much great news, productivity is taking off. Great productivity number in the third quarter, we havent gotten fourth quarter. Above 3 . So i think we are showing that the ucion economy was weighed down by taxes and regulation. Dagen really quickly, speaking of regulations which was one of marias themes early on as President Trump was running for the highest office in the land, right underneath as you flip the paper over this morning, u. S. Reveals oil Drilling Plan for the nations coast, this is what we are talking about. This is opening audiotape offshore areas even though theres a fight in florida over this. This is what we are talking about. Its creation of jobs, unleashing our greatest resources in this country, our people and our natural resources. Maria when you look at the regulatory framework, oil, business, financial services, the amount of regulation in red tape that was actually getting in the way of progress, thats why you are seeing unlaishing from business and youre seeing them actually put money back into the economy. Kevin allocation of resources that dont help the American Economy, they can redeploy that and stoke growth in the community where they are banking. Thats the most important thing. I think fundamental thing that we are tiptoeing around here is that the dollar actually had abysmal year last year and down 10 and that did help contribute and helped stabilize emerging economies, they did well because currencies were stronger against the greenback. You can see the correlation there. The dollar is actually theres worries about the federal deficit. Dagen if Interest Rates go up, generally the currency would appreciate. Kevin but hasnt happened. Dagen as Interest Rates head up with Federal Reserve making moves, our debt would hopefully attract more people. Maria theres a figure that dollar stay strong but longterm we could see it come down but thats longer term. We want to get into policy. President trump met with key republican senators yesterday at the white house amid negotiation ls on his top legislative priorities. That is, of course, Immigration Reform at this point. The president says hes hoping for bipartisan deal for the socalled dreamers and one senator said hes optimistic that will happen, watch. I can tell you the republicans want to see it work out very well. If we have support from the democrats, i think daca will be terrific. We need the wall and all of those things and frankly i think a lot of democrats agree was when they see what happens, when they see the kinds of problems we are having at the border, they really understand it, whether theyll vote that way is another situation but they really understand it. Obama couldnt do it, bush couldnt do it, i think you can do it. Theres the deal to be had, if you want it bad enough, will get it, good for the country, everybody has to give a little bit but ive never been more optimistic about an Immigration Reform proposal, making it to the president s desk than i am right now. Maria wow, lindsey graham. What do you think, steve . First president to get tax reform in the generation and probably the first president to get tax reform in generation which is ironic because the media wants to paint him antimexican, antihispanic. I agree with the president , they should be protected. We are not doing immigration right in the country. We are not being smart about it. We need a meritbase system. We have to end chain migration. Visa lottery. Maria oh, my god. How dangerous for National Security and economic security. I give the president kudos per pursuing the grand deal. Maria can he do that without a commitment to funding for the wall . He wants that wall funding. Kevin the biggest thing when we are talking about the wall, the wall is meant to prevent heroin coming through and going against drug cartels and thats the biggest issue, but we saw a big setback yesterday through the department of justice, Jeff Sessions unforcingly is attacking marijuana which is classified harder maria where is he on russia . What is going on with Jeff Sessions . Kevin attacking medical marijuana when opioids are less of a dagen related to the guidance that justice is given, prosecutors, giving them discretion, remains to be seen if theyll be tougher prosecutions on marijuana in the country. Really quickly, daca expires in march. They dont have much time to get this taken care of but that is the republicans leverage with the democrats, is daca. Clock is ticking, youre right. And i will tell you this too, a lot of people within team trump wanted him to immediately end daca, he didnt do that. I think he showed great compassion. Maria we will leave it there. The powerful blast of Winter Weather has proven to be deadly, new worries as the next phase of arctic blasts promises dangerously cold temperature this is weekend. Unprecedented impact, apple says all computers and mobile devices are affected by recently discovered intel security flaws, find out what they are doing to help users and what it means for your device, back in a moment. Kind of looks like a monster coming to eat ya. Holy smokes. That is awesome. Strong. You got the basic, and you got the beefy. I just think it looks mean. Incredible. No way. Start your year off strong a new chevy truck. Get a total value of over 9,600 on this silverado all star when you finance with gm financial. Find new roads at your local chevy dealer. Maria welcome back, the east coast is digging itself out following the monster bomb cyclone storm that brought snow, ice and major winds. Record cold is not going anywhere. Fox news Laura I Ingle with the latest, doesnt look good after what we just saw. I know, right. So yesterday we had the massive snowstorm and the wind that was coming in sideways, today the temperatures are plummeting as promised. Weve got a temperature reading of 11degrees with the feels like of minus 9 and it does feel like minus 9, i can tell you. This is a big concern, maria w the snow that comes in like this, its packed tight as the snowplows pile it up but all of this is going to turn to essentially a really large ice cube, the scene thats going to be repeated not just here along island but obviously new york, the entire region, many parts getting up to 16 and 18inches of snow when you go up further north and its been absolute mess and continue to do so. Roads are impossible to drive on. That was yesterday with whiteout conditions, today slippery with the sheets of ice that we are seeing, if you thought driving was bad, getting out of the region on a plane was even worse, listen to some of these travelers. We are delayed and we are not sure if we are going to be flying out of here any time soon. It is frustrating but it is what it is, we dont control mother nature. Over 5400 flights were canceled yesterday and that caused for a scene like this one, the Worlds Largest passenger plane forced to land at Stewart International airport in new york, thats a very small airport yesterday after the closures that we saw at jfk, jumbo jet has wingspan and folks had to get on air stairs, not a lot of fun. Boston got hammered with 18inches of snow, filled streets with floating chunks of ice stranding many in their homes, evacuations and rescue, if theres any good news here, its that one business is doing very well, that is the business of selling plows and snow blowers, stores are reporting major increases at the Cash Register on that, maria. Maria salt as well, that taking place yesterday. We will be checking back. Coming up, surprise move, uber founder Travis Kalanick reportedly selling a big chunk of his stake in uber as part of the pending software deal. Softbank deal rather. What that means for uber in the post kalanick era . Justice department looking whether Clinton Foundation violated laws by promising favors by donating to the foundation, 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. 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Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Maria welcome back, major bite out of apple, all iphones, i pads and macs affected by intel chip flaws. Cheryl casone with details, cheryl, good morning. Cheryl apple will release patch of Safari Browser soon, thats all we know after security chip maker announced vulnerable to hackers, one is called meltdown, affects only intel chips which you would find in most pcs, another flaw specter, that affects all apple devices. Every Major Software company is releasing updates to make sure computers and phones can automatically install updates and they should be released soon. Checking apple shares in premarket, apple up about a quarter percent. Intel down more than a quarter percent. Well, hp is finding problems with some of its computers as well, the computer giant issuing recall for several of laptops, batteries in the laptops have been overheating, possibly that pose safety risks, hewlettpackard up, the stock is barely down in premarket, 15. 05. Well, the Justice Department launching new investigation into allegations of the Clinton Foundation used pay to play politics wheel Hillary Clinton was secretary of state. The foundation promised favor in exchange to donations for cash or gifts, Justice Department looking into whether they violated tax laws. Meanwhile get this, more classified emails have been found on Anthony Weiners laptop, the emails were sent from the account of top Hillary Clinton aid, former wife uma abedin. Former fbi director james comey knew about the emails and didnt take them seriously to pursue charges against abedin or clinton. We first learned when comey testified last year before he was dismissed by the president that uma had been forwarding these to winier at home so that he could print them for her and these were highly securitied secured documents. Highlyclassified emails. Maria we should point out that Anthony Weiner is in prison for sexting with underage girl. What get mess that all of the people being protected. Brian, the email staffer that deleted all of the emails of Hillary Clinton, he actually lied to the fbi and said, he didnt delete emails, what was he given, immunity, i dont get this. Cheryl look at what happened with peter strok, basically a lot of folks within the doj have political bias. Maybe that same bias why at the time nothing more was pursued with uma abedin over emails and blatant disregard for security. Kevin it was widespread not just within the Clinton Campaign but also the Obama Administration and thats the situation that we are seeing that its not side load to this. Maria and yesterday Jason Chaffetz said Jeff Sessions has to go. Agreed. Dagen rather than recuse himself from anything to do with the russia investigation, if thats going to be the issue, he needed to step aside, if that was going to get in the way of him doing his job. Again, the New York Times not focusing on all the things that we have discussed here on this program, but here is the headline, obstruction inquiry shows trump struggled to keep grips on russia investigation. Again, its about President Trump and russia and not the kind of systematic bias and possibly illegal shenanigans. Maria even when its in your face, you mention peter strock and girlfriend. An insurance policy, fake russia investigation, try to obstruct what the president has dont and policies are obviously working. Thats the paradox, if anybody has the real russia problem, its team clinton. Thats where theres actual russia dirt, not on the trump side. Maria is this in the new exclusive tellall book four days ahead of release date. Not only did they not halt the publishing, they are releasing it four days earlier, former chief strategists Stephen Bannon accusing eldest son donald trump, jr. Of treasonous contact with russian lawyer. The president s daughter ivanka is dumb as a brick. This is what he tells Michael Wolff for the book, the president meanwhile kept up criticism of bannon and the books author, this is what he tweeted last night. I authorized zero access to the white house, i actually turned him down many times for this author of the phoney book. I never spoke to him for the book. Full of lies, misrepresentations and source that is do not exist. Look at this guys past and watch what happens to him and sloppy steve. Bannons own future as executive chairman of breitbart is being call intoed question. They are now saying, this guy maybe should be fired from breitbart. Dagen right, there was a board meeting, this is related to the mercer family, Robert Mercer and daughter rebecca, these are billionaires. If politics, if you dont have money behind you, thats all youve got. Theres apparently, steve bannon talked about running himself into prediction in the book that trump will either be what was it, hes going to be impeached or not run and bannon was discussing running himself in 2020. Absolutely delusional, but again, the mercers backing away from him and connection to breitbart. Maria just to say as far as the work that went into this book, my name was in that book yesterday as on some lists of getting a white house job, nobody called me, no one that subject was never on the table, you would think that someone would actually call and say, maria, did you actually get this call, did you actually receive any feedback on this before printing Something Like this . No factchecking. I was going to say its you, maria, okay, ages of white house employees, try goog physical you want to verify the facts for a book and also the fact that he didnt know who john boehner who us, prior to that he was playing golf with john boehner and pictures of all of this. Im glad that you brought that up. This book seems to be full of factual errors. Kevin steve bannon hasnt come out and said anything. Maria thats true too. Dagen the treasonous comment is a throw away. Hes ripping on the president s children probably because he knows it would really bother him. Hes taking shots at the children. Fact that he used the word treasonous Means Nothing from a legal standpoint. I just point that out. Maria he just wants to see his name in lights, what is he doing . Dagen im guessing because im not inside the guys mind obviously but again if he believes that hes the king maker, bannon believes hes the king maker and President Trump gets elected, he deserves the credit for that and hes pushed out of the white house by the chief of staff, john kelly, so again, if youre angry so again, if you are angry and you want all the credit for trump being president. He came late to the party at that campaign. Reince priebus had a bigger hand. Dagen how about trump being trump . We will leave it there and keep talking about this through the program. He is out of daytoday operations that travis is selling a big chunk of stock. Find out what that means for the Ridesharing Company as it accelerates the vision. Dynasty on the brink, a rift between tom brady, the teams head coach and patriots owner. Is that the end of a major nfl era . Details of a new bombshell report, back in a moment. 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The most common side effect is bone and muscle ache. So why go back there . If youd rather be home, ask your doctor about Neulasta Onpro. I realize that ah, that 100k is notwell, a 103fortune. Yeah, 103. Well, let me ask you guys. How long did it take you two to save that . A long time. Then its a fortune. Well, im sure you talk to people all the time who think 100k is just pocket change. Right now were just talking to you. I told you we had a fortune. Yes, you did. Getting closer to your investment goals starts with a conversation. Schedule a complimentary goal Planning Session today. Maria thanks for joining us, i am maria bartiroma, it is jobs friday, top stories now, 6 30 on the east coast, two hours away from the jobs report. 290,000 jobs created in the month of december. The employment rate at 4 . Momentum continues, 25,000 yesterday. It is expected to be up. The s p and nasdaq higher by one third of 1 . The Dow Jones Industrial average shattering through the milestone of 25,000 mark. This is the fastest thousand point gain ever. In europe, markets higher across the board. The dax index up in germany better than one person. In asia overnight green across the board, averaging 1 , the kospi up one and a quarter . Travis looking to hail a buyer. A large percentage of his stake in the company. Silicon valley investors, one day after it was revealed spotify was planning to go public in an unconventional way, the Music Streaming Service announcing it has topped 70 million subscribers. No excuse for the new england patriots, Bill Belichick demanding players make it to practice despite the teen not having gains this week. No days off no days off no days off possible fighting within the organization, a new report this morning says this year could be the final run for Bill Belichick and tom brady working together. Winter has come for game of thrones but not this year. It doesnt matter whose skeleton sits on the iron thrown. And have to wait a little longer for the iron thrown, it will not hit air until 2019. Breaking news from donald trump, he is tweeting the dow goes from 18,589 on never ninth 2016 to 25,075 today for a new alltime record jumping 1000 points in the last 5 weeks, record fastest 1000 point moving history, this is all about the make America Great agenda, jobs jobs jobs, 6 trillion in value created and we all agree this move is partly due to this president s policies but wondering why he keeps talking about the stock market, could be dangerous, pretty good oped in the journal and you have been saying that for a long time. Liz talk about the economy and the reason the stock market is going up. He does it so often that ultimately when there is a pullback and it will come, we have been in this a long time given the fact that this is the greatest bull run, better than a 90s, he has got to back off growing about it, then he will own it and when it turns down. Maria are not taking away the policies are part of the reason. The Federal Reserve could be in control of where the market goes. He does need to be this rally in the obama rally, that is based on very artificially low Interest Rates. That is rising in the stock market, to see fiscal policies, Pricing Power in the economy, productivity is rising. And rising slowly. Take more credit for the real economy. Dagen he went from crowing about poll numbers during the election, this is his greatest pole ever, greatest barometer for him, he doesnt look at his Approval Rating but the stock market. He talked about the apprentice ratings. This is his new nielsen. We will get a new nielsen with the jobs number and another window into how well things are going. Lets talk uber, the former ceo reportedly looking to sell. Travis, the cofounder of the company, former ceo said i am never going to sell my shares in uber, he is going to sell 29 which would net him an instant billionaire but the bigger part of the story, we are expecting later this month ubers deal with japan, too close. They got a tremendous, 48 billion, and 50 stake in the company, get to reduce the power and influence on the companys board of directors. Massive lawsuits, a visionary but morally bankrupt in how he ran. And they randomly appointed a couple people to the board, he wanted to put himself back into being a ceo. Other candidates, as long as travis is part of it, this is way to dilute his influence. He doesnt have a choice. They paid the price for that. Reducing influence, we will study the company, get this money and influence coming from softbank and ipo bringing us to our second story, spotify, now they are saying not only do we have 60 million paid subscribers, that number is 70 million, people paying to use their service and 19 billion valuation, spotify, friends with uber, im interested to see if uber pursues an unusual ipo or debut the way spotify is. The stock market is not commenting on this but they plan to debut in march or april. A direct listing that has never been done before, they are changing it to do it before the nasdaq so this is a big change. The spotify. Maria been a happy new year, you and your colleagues get this done, and the reaction for corporate america. Unbelievable to see how many company stepped up, paying their workers more, giving bonuses and a lot of big companies, we keep a list of them at majoritywhip. Gov but Small Business too. In my district, using taxcut bill, increasing pay, hiring more workers, this is the kind of economic boost we needed for a long time, we worked hard to get it done, great to see it working for families. Maria how do you see this taking place . Infrastructure, immigration, welfare reform, legislative agenda put forward. And bipartisan support. Donald trump issued a warning to north korea, what do you make of this . What the North Koreans are doing is pure propaganda. Not sure it has anything to do with us pressure but more to do with the fact that they are very close to achieving their longsought objective of delivering Nuclear Weapons to any target they want in the United States and worldwide. What we are doing so different from the Obama Administrations we are going to stand up against aggressive behavior in a region with our allies and start with syria. Maria michael wolf spend time at the west wing, the office of chief of staff rights priebus, unlimited access why would you allow this to happen . Floating around the west wing, given a special pass to get in, large numbers of people, 20 visits to the west wing, hours at a time and areas that the press shouldnt be allowed in. No reason for reported to sit in the office of the Senior Advisor and chief of staff, for a book in the first year. Maria had spoken to mitt romney, got to see senator romney. He would be a terrific United States senator but he comes in at a time of great opportunity for the country. Maria mitt romney, if he against this president . Seriously considered taking secretary of state position, he wants to see donald trump do well, he wants to see the country do well and that will be the overriding issue for him if he ends are becoming senator from utah. Maria celebrating your 500 career ride tomorrow. How does that feel . Good. Maria how do you stay on it . Tell us how you do this. I didnt like working when i was younger so this was the fastest way to make money. What is the longest you state on . Five seconds. Everyone thinks they are mysterious or something. That is no joke. Maria we have been having a great weekend mornings with maria, frigid weather, no excuse to call off football practice. Jared max is here with the story. Wow. Reporter remember when the patriots score the greatest come back win in super bowl history in february . Bill belichick shared a secret to his success behind five patriot super bowl titles. [chanting] no days off. The mantra echoed through the streets of boston yesterday, patriots practiced, the team doesnt play this weekend but they had to go to work, no excuses about showing up late because of a blizzard when you pay for coach belichick but he did let the guys practice indoors. They had to walk through the bomb cyclone genesis. Who deserves more credit . Bill belichick, tom brady or robert kraft . Espn story claims brady and his head coach had such a risk this season many patriots feel this could be the last year all three are together and tom brady went to patriots owner robert kraft to force Bill Belichick to trade the quarterback and since become a blossoming talent for the 49ers. This claim brady called for the trade has been disputed by other Media Outlets was the jaguars playoff game, first at home since 2000 the team is getting colorful with food options. The jaguars will offer fans buns on burgers, that will be the color teal, the official color of the jaguars. They will have teal colored ice cream and even anheuserbusch reducing the craft beer for the game that is teal beer for the jacksonville jaguars. Should be a fun weekend in the nfl. Maria will you eat something that is teal . Anything to get out of this weather. Maria the sports report brought you by serious xm 115, we will be right back. I had frequent heartburn, but my doctor recommended. Prilosec otc 7 years ago, 5 years ago, last week. Just 1 pill each morning, 24 hours and zero heartburn. Its been the number 1 doctor recommended brand for 10. Straight years, and its still recommended today. Use as directed. 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. Golden globes this weekend the biggest, brightest hitting the red carpet. Wba, like sergeant. Calmly contested best performance by an actor in a Motion Picture drama. The first loses himself in. He has never been nominated which is hard to believe. Maria it is supposed to be fantastic. It is. Im not a big world war zero mac fan. Maria im going to love this film. It made me go back and do research. Maria best performance by an actress in a Motion Picture drama. Who do you expect . Sally hawkins. She does unbelievable character and great performance but never says a word. She plays a music. We have seen her and a lot of work. This film is transformative. Maria i am hearing a lot about call me by your name. Do you think it gets it . I was talking to friends who love that, you are going to laugh, youre going to cry. It is a great movie and it is a surprise because it is one of those movies that i went in knowing nothing about and you are moved. You can relate to that first love or unrequited love. It is great but dont think it will win. Maria what about the post . Meryl streep . You are a journalist. This is a movie that will make you proud to be a journalist. Dollywood press association. A good chance because Hollywood Press Association is made of press. Maria meryl streep perhaps brand has been taking a hit. Will that get in the way . Harvey weinstein, she has been getting a lot of groups i dont think so. Maria she is i would say i am pretty close on the post. Maria go to the movies and let us know. Thank you so much. One note for game of thrones fant, hbo putting the show on ice until 2019. We will take a short break. Next hour, mornings with maria, the jobs report back soon, back in a minute. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Welcome back good friday morning everybody. Thank you so much for joining us. It is friday january 5. New year new record. The dow industrial is tracking to the 25,000 mark. President trump praising the major milestone in saying there is more to come. We broke a very big battle. There are those that said we would not take 25,000 by the end of the eighth year. And we are in the eighth month. The tax bill pays offer more american workers. Meanwhile markets are rallying this morning and momentum continues. Up 85 points on the dow industrial. The s p 500 and the nasdaq also up a third of a this morning. About 6600 ahead of the jobs report. The Unemployment Rate Holding Steady. We will bring the numbers live in about an hour and half. In europe this morning momentum there as well. There up almost 1 . In the dax index up better than 1 . Back in the u. S. The massing bomb cyclone the region is still reeling from the storm. Tides rise to Dangerous Levels along the coast. I went to move my car and i can get back home. It was scary. I came up to the front door. There was a lot of water outside. It looked like there was about 2 feet. And then there was water coming in the back door. Coming up a look at the full scope of that storm this morning. Details as the department of justice launches a new investigation into allegations that Hillary Clinton cashed in on her role as secretary of state. The explosive new book hitting store shelves today. Four days earlier than expected even though the white house aimed to block its release. All of the stories coming up this morning. The benchmark managing partner and in bremmer. Welcome back. A lot of smart people. I want notes from that firefighter that trump have meant met with. That is an unbelievable year. This market has been incredible and really lifting a lot of those. A tax package that will benefit their top pocket books. With regard to isis. It is is so much to talk about. Those are the point. The Global Environment is much more challenging. Its clearly much better than we expected. They indicate that the momentum continues. I head other jobs number. Dow industrial is up 80 points right now. The nasdaq will continue its up the swing. The futures indicate the markets are on the hair after the dow industrial cracked 25,000 yesterday for the First Time Ever. This is the seventh milestone. Weve been talking about over and over that this market is up 6 trillion in value. They are reacting to the record run this morning. To 25,075 today. For new alltime record. Jumping at 1,000 points in the last five weeks. This is all about the make America Great again agenda. Jetblue joined alyssa more than a hundred companies promising bonuses. They signed the tax overhaul into law. They are giving a 1,000dollar tax reform benefits. Your reaction to all of these bonuses in the tax plan. Do you think this is good at dictate behavior. Is this what its about. If you look at what is being done here. It has increased wages for some. Bonuses for some. And in addition to that you are seeing companies that are making contributions to their 4o1k plan were also seen charitable contributions and putting money into the foundations. We are seen increase in Capital Spending for plants and equipment. Wages had fallen a little bit behind. And some companies are playing catch up here. Are they going to use that extra money to actually invest in their business as opposed to buying back stock and pain dividends. Thats very positive for the economy. The companies now are still trying to figure out what the consequences are of the tax reform. I think we will see more bonuses going forward. What good times. One of the biggest looming things thats happening with the tax package but now we have regulatory oversight. Look at verizon what theyre doing. What is your take on what is happening kind of around the at t time warner deal. First of all Randall Stephenson is so confident that he can get this deal done in the last 40 years we havent seen the Justice Department block this kind of merger. I think at t is playing smart. The downside to what is happening here is the longer it takes to complete a merger the more uncertainty it causes for your workforce. You may lose some customers. They have a very good strategy. How does a landscape look at different and three years. When you see telecom getting together with traditional media like that. And then you have fox in disney. Have he hattie see the landscape changing. There is one thing that we have to put into the equation here and as 5g. Along with the content. It is less leniency. Games and movies we will also see pictures the thing of the future is the smart car. And that is what 5g will enable. So plenty of content opportunities we are seeing huge investments continuing on the part of at t and verizon. Good again for the economy. Add to that more competition. The issue here is when 5g is pubic u. S. The issue as you drive off of the 5g ledge you lose that ability to have a self driven car. We will slowly become used to the idea because when i can go from where we are today to immediately being in the backseat of the car with no driver in it. Because of the Autonomous Technology that has already been put into a lot of vehicles. And just think of how it would help the handicap in this country. In terms of mass transit you are bringing up such a great point. They could potentially be hacked. What is your take on security when it comes to the new technologies now. We arty have the fear of some hacking that has happened. We arty have the issue ahead of us. The evolution of the technology however i think it will be key. How do you avoid some of these security defaults. Given the fact that at t and time warner will likely go through. Is this going to spur a whole another group of deals to happen. And certainly what this will create is more mergers and acquisitions. Who is looking for consolidation do you think . Verizon has made some moves. Comcast again. Whats the next step. How do they keep up. The acquisition will be on the content side. I think thats what we will see primarily. Its great to get your insights on this. I think you so much for joining us. Thousands of flights are delayed or canceled today. Following the massive winter storm. The socalled tell all book hits the shelves today. Im a Small Business, but i have. Big dreams. And big plans. So how do i make the efforts of 8 employees. Feel like 50 . How can i share new plans virtually . How can i download an efile . Virtual tours . Zipfile . Really big files . In seconds, not minutes. Just like that. Like everything. The answer is simple. Ill do what ive always done. Dream more, dream faster, and above all. Now, ill dream gig. Now more businesses, in more places, can afford to dream gig. Comcast, building americas largest gigspeed network. Welcome back frigid temperatures setting and this morning and wake of the bomb cyclone that wreaked havoc yesterday. The region is still reeling this morning. Thousands of flights had been canceled or delayed. Colin is life this morning which was hit pretty hard in boston. It feels in many ways like the normal recovery from a winter storm that hits new england and it is to the extent that people are people at up and at them this morning. The roads in Downtown Boston our will plowed. In many ways it was historic not because of the snowfall because of the wind and the flooding. We have a gus at times exceeding hurricane strength. And then the flooding. It became a huge story. As the harbor came flowing into the streets of some of the city neighborhoods with the freezing court cold water. The National Guard it was even called in to help out surrounding suburbs. They talk up in this area. In the thinking going into yesterday was it would it be as bad as that. It was the same as 1978. That was yesterday. We are coming to you from copley square. Here is a thing. Normally we hit the high in the afternoon. This is as good as it will get. They are concerned about icing on the streets but theyve done a good job. At least in the city and the surrounding areas of keeping the streets plowed in terms of travel you mentioned flights been canceled around the country. It is reopened today after being closed down for the most part of yesterday. I would go back to with concerns about power. That was a the thing about the storm. I believe there were about 80,000 customers without power. That number was above about 25,000. I just checked the Emergency Management website this morning. That number is about down a blow at 300. Theyve made a lot of progress there but they are concerned about this temperatures and wind chills that could be 20 below zero by tomorrow. Will check back as news develops. Coming up clinton controversy. The Justice Department is launching a new investigation they are preparing to shorten the doors. 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. We must not be silent the people of iran are crying out for freedom. All freedom loving people must stand with their cause. Nikki haley earlier this week. They now had requested a u. S. Security Council Meeting to talk about what has caused the troubling and dangerous situation. It began amid grievances. We want to get your assessment. On whats happening right now. The money that the government has is not going to them. This is a grass roots demonstration all over the country. During the last is everywhere. On the one hand this really undermines the moderates because it was the face of the deal. The guy that made all of the premises. Promises. And hes been seen as being corrupt just like the supreme leader. He said let these guys demonstrate just tell me violent. The hardliners are the ones that are emboldened. They can get a stronger stance my take is they come out of nowhere. There is a lot of other things happening in the middle east. Middle east. But how did the start. The arab spring came out of nowhere too. That was a vegetable salesman. Not allowed to sell his goods. Whenever you have this kind of economic deprivation. There is an empowerment going on. Lets not forget they are less than 30 years old. Quite frankly we will not waste 30 years of our lives in dealing with extremist ideas. We coexist and this is something that theres something that the steps are taken. We will eradicate the rest of extremism very soon. We represent the moderates. The right is on our side. Id people coming over to me. This is the first time they have heard the crown prince talk about it. That empowers people. They decide you know i want to be out there in protest. The fact that you now have a leader that is making this kind of revolutionary change. In terms of the treatment of women is absolutely seen by the average person in iran. Lets keep in mind as well. In ten years later. Tunisia is the only one in the economy is not doing well. We end up seen a strong domestic repression. Do you see a change in leadership. Are they gonna treat the people differently. In terms of making sure that these individuals are heard and are treated better or is that even our role. There is a pretty robust thing. Theyve been fairly quiet. Everybody is painted with a broad brush. They have more legitimate see. And they know the country. That support for incredibly courageous people. Youre putting your life on the line. It reminds me what happened in syria. Lets not expect that we are moving towards regime change. Lets give the do of these people. One thing thats funny i dont mean to make a joke about this. In terms of the prominence of the persian communities there is a Bravo Television show about persons who live in los angeles. Its much more in the front of American Culture than we give people credit for. It has the risks of risk for 2,h report out. The relations there are one of the risk. We have this extraordinary Global Economy. All over the world. And yet the geo political geopolitical environment is clearly much worse than at any point in the last ten or 20 years. In absence of Global Leadership rogue states and organizations feel like they have a lot more room to maneuver. Its terrorist organizations. In the american response to this because a lot of this does not affect us. Our response is America First. You either listen to us or not our problem. Can you just explain it real quick. China is bigger they have a vastly stronger leader than any point they see in that environment where no one wants to play the Global Leadership role. Where their neck in a promote the institutions or architecture. Were small and poor but were ready. Especially in the home horn of africa. Grossing more than the star wars was a chinese film for fine Chinese Market about how they were the ones saving the world. I just saw a story yesterday that china right now is setting up refugee camps right on the border with north korea. They are expecting activity with the north. Theyre prepared. They absolutely understand that we have less predictability in this environment. The biggest news this week is not his tweets at south and north korea actually talking to each other. There is also a greater likelihood of insinuating a couple of million koreans and then weve seen at any point in the last ten or 20 years. They are highly aware of that because lets face it its America First policy. They enabled it. Theyd education of the Nuclear Program the chinese now because the chinese were there enabling it. They have absolutely supported what have been up proxy state for them. In 200018 they see the North Koreans as a problem to be contained not as an ally. Many people think of the china north korea relationship with the United States verse israel relationship. That has a very interesting way. Fire and. Hitting the shelves today. Four days earlier than expected. The response to the bombshell allegations. And then swapping for the switch. Kind of looks like a monster coming to eat ya. Holy smokes. That is awesome. Strong. You got the basic, and you got the beefy. I just think it looks mean. Incredible. No way. Start your year off strong a new chevy truck. Get a total value of over 9,600 on this silverado all star when you finance with gm financial. Find new roads at your local chevy dealer. I was wondering if an electric toothbrusthan a manual. S better and my hygienist says it does but theyre not all the same. Who knew . I had no idea. So she said, look for one thats shaped like a dental tool with a round brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to gently remove more plaque. And unlike sonicare, oralb is the only electric toothbrush brand accepted by the American Dental Association for its effectiveness and safety. My mouth feels so clean. Ill only use an oralb. Oralb. Brush like a pro. Good friday morning everyone i think you for joining us. Happy new year. It is friday january 5. 2018. The white house is moving forward on the agenda. The topic will be among several. At camp david beginning today. Talk about the failures of the Current System yesterday. The current immigration system fails americans. It threatens our security and our economy and provides a gateway for terrorism. We need a physical border wall to have a wall mexico is having a tremendous problem and we have to keep it out of our country. Jeff sessions makes a big move to tackle reform today. The details on his plan to change the cases. One hour away from the december jobs report. Theyre looking for hundred 97 jobs. The Unemployment Rate is Holding Steady. I head of the number the markets will open higher again today. The rally well not quit. After cracking through an incredible milestone yesterday. It is shattering through the 25 thousand dollars mark. The fastest 1,000point gain ever. The new alltime high 7,077. Its cracking 7,000 on nasdaq. In europe this Morning Money is moving there as well. The best performer up better than 1 . The ft 100 higher by a third. Green across the board. Its up almost 1 . Questions about the foundation. The new allegations this morning. From days as secretary of state. Plus the legal firestorm over fire and fury. At the explosive new book hitting shelves today. Despite the aim to block the release. They spoke about the controversy on the today show earlier this hour. He is helping me prove the point of the book. This is extraordinary. It would not even happen from the ceo of a new company. The latest on the war of words between President Trump and the publisher of that book. Including dozens of kmarts. That stock has gotten crushed as a result. Tough retail environment. Jeff sessions set to reveal a common practice. It allows Illegal Immigrants indefinite permission to stay in the country. It could clear the backlog of roughly 660,000 cases. It is looking for a deal on dr. With help from democrats. Any legislation must secure the border with the law. It must and chain migration. The republicans want to see it work out very well. I think its can be terrific. The president s Senior Advisor. Mercedes, good to see you again. What are you expecting on immigration deal. The president is committed to responsible reform. Hes been working closely with congressional leaders obviously this is an important moment to ensure that we have security on our border as well as protecting the homeland. Its been very clear that for too long the immigration system has been broken. It will require a deal. If the democrats are to keep pushing then definitely we are going to need to see the security of the border making sure that there is funding there. As well as any chain migration. 70 its because of family ties and so you have this immigration scenario which is unsustainable. Were promoting here in the United States is more of a skilled based system that would contribute. Many of them because of family ties it is one of the things that we have seen it was due to individuals coming in because of their relatives here in the United States. We know the feelings of this Visa Lottery Program weve seen the feelings of that chain migration. You wonder if they are actually going to agree to anything they dont want this president s agenda to really get executed. What is he willing to give on in order to get an agreement on funding for that border wall if in fact there is an agreement to be head. When you look across the board americans support this protecting our homeland. It is very clear that we have to close the loopholes. Again this is the moment in time for too long we have allowed for this immigration system that has have an enormous problems in one of the big issues is that individuals that come to the border is a lot of the judicial backlog. These individuals are in our country without us even knowing who they are. This has created a huge backlog. A lot of strain on our Border Patrol agents. And so this is a moment in time where he will work with congress to ensure that we can have a very strong deal that will include interior enforcement as well as securing the border those are two critical components. He will be able to find these things with congress and get them done. Is get to be meeting with leadership on the gop this weekend. What are the legislative priorities. The benefits for individual families for Small Businesses as well as for the boom in americas economy which is exactly what we are seeing right now and the optimism of america. Continuing to build a brighter and stronger future for america. We are tennessee gonna see discussions here on infrastructure. Part of the bigger story on the economy which is that of not only the taxcut lot that we have deregulation has been a critical component and then the third part of it which is infrastructure. Its a recipe for success for our economy. As well as immigration. There will be a discussion on legislative priorities. Talking about the budget and making sure that we have a strong victory here and 2018. Does Jeff Sessions he recused himself from the rush investigation when we know that the activity was at the top of the fbi well there ever be accountability here. He is committed to ensuring that hes working on what he can do to protect the homeland as well as continuing to serve in his capacity. Did you really give him all that access. Despite the white house push back. Hes trying to sell books. Thats what hes trying to do. He sounds more like a fictional writer than he does semi that can be taken seriously as a journalist. This president is committed to working for the American People we are not going to deal with this. We will be right back. When youve got. Nausea, heartburn, indigestion, upset stomach, diarrhea nausea, heartburn, indigestion, upset stomach, diarrhea heres pepto bismol ah. Nausea, heartburn, indigestion, upset stomach, diarrhea. New concerns over reese tail. I want to say some video right now of what were seen as far as the store closings. It is is kmart and macys. Sears holdings announcing a list of unprofitable holding. They have to cut 5,000 jobs. Eightyone have been identified. This is the site. They saw same samestore sales. Has dropped even further down 55 percent in the last year. The Nintendo Switch has been that fastest selling video console ever. The game is going to be heading to the switch. Its up about 87 percent. If they can help reduce the stress levels. That the partner had worn. The scent of a stranger seems to increase anxiety in women. Next time someones spouse travels leave that shirt behind. You had been wolfing over there. We have some treats. Thats why youre here today but. Youre being really good right now. If he just wants to show off the awesome sweater. Ian is upset. He must bring in his dog. We have charlie this morning. A new prescription pet food service. 85million u. S. Households include pets. Many are looking for healthier diets for their animals. An experience officer. Thank you so much for joining us. You recently received a 12. 6 series of funding. We tailor it for each dogs specific needs. You have the exact portions you need and when you need it. Its really important for your dog to have Healthy Eating just the same as you. We think about our food as the best preventative benefit. When we feel good when we eat healthy so to our dogs. We took a look at what was out there on the market. Filled with artificial flavors and preservatives. Going direct to the consumer you can get the fresh allnatural food. Thats why ella bella lived such a long life. She was 17 and a half because all i fetter was steamed broccoli and steamed string beans. Other than that it was just real steamed vegetables. That goes back. Kevin, you could eat some. I was looking at this. There is sweet potato. We had four recipes. We have Sweet Potatoes and turkey chicken and beef. We also had four recipes. Chicken and beef lemon turkey and in these rrsps. Theyre more of a mixture. They need about 22 essential vitamins and minerals from their food. We touched base 85 millionths households. Because we tailor it for each individual dogs need. Plans start at less than 3 a day. Thank you so much. I know charlie had a good time. With the jobs report 30 minutes away. Stay with us. 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. Maria breaking has no i am Maria Bartiromo it is jobs friday, january 5, zez jobs report due out in just about half an hour economists lacking to see 1890,000 jobs 190,000 jobs o Unemployment Rated steady at 4. 1 , the rally the move could add to the rally on wall street dow shattered 25,000 mark yesterday the fastest 1,000 points move ever President Trump taking credit in part for the latest milestone. We did in fact break 25,000 very substantially i was in new york at big finance recently take a lot of pictures with police firemen, with military, and one of the police came up officer he said, sir, i want to thank you my 401 k is through the roof my wife thinks i am a brilliant investor. He said was up 39 i said you should be doing better than that actually. Why president says next stop is 30,000, futures indicating rally moves today, the momentum is there for sure. Dow industrials expected to be up about 100 points right out of the despite this morning, up a third of a percent, the nasdaq is also up a third of a percent, nasdaq cracking 7,000 this week, incredible week for the stock market money in equities in europe ft 100 up a quarter of a percent cac quarante up 3 4 of a percent dax in germany up better than 1 asia overnight about markets higher across the board best in korea, kospi up 1 1 4 percent nikkei average in japan gaining almost 1 , back in u. S. Winters wallop bitter cold setting in this morning following the massive bomb cyclone, buried northeast in snow thousands of Flights Canceled delayed crews working the clear roads restore power, across the country taking a look at full impact of the icy storm this morning. Then fire and fury leading to umbrella brimstone book hitting shelves four days earlier than expected, after white house aimed to block its release, the author wolff spoke out about controversy on the day show the last hour. You have recordings of some interviews and conversations . Well i work like every journalist works. So i have recordings i have notes, i am certainly absolutely in every way comfortable where everything i have reporting in this book. Latest on war of words between President Trump and publisher of that book, we focused on fking fake news after meeting people from all 50 states, facebook ceo says he is tackling toughest personal challenge kret in 2018 why the internet is blasting fwloons address social media big evident flaws Weinstein Company reportedly going for less than 500 Million Dollars, after heaheavy Harvey Weinstein scandal looking to acquire the studio coming up joining me to break it down Fox Business Network dagen mcdowell,benchmark managing party kevin kelly, stephanie performance avoid host of making money with Charles Payne Charles Payne himself with us. Good morning. Happy new year i want to say i then he rename weinstein studios me too production like it like that would be great. Funny. Jobs number out today, this economy is really doing well, in terms of 3 growth yesterday atlanta Federal Reserve stephanie saying now predictions for the economy is 3 1 4 versus 3 initially. That would be three quarts plus 3 fingers crossed. How can you say that Economic Indicators leading lagging everything says we are going to get that. In terms of of the First Quarter sure. I mean the estimates, i think are there for a reason, and of all the regional said forecaster atlanta fed is kind of really good track record on First Quarter in particular which is a hard number to get because we tend to have these seasonal shifts. But you know we will see if that is sustainable that is the question is this post hurricane rebuilding, is it consumers now you flow had to get g. I. Joe with kung sp fugrip. So accurate the weak spots wanted to see consumer see better showing you look at tax receipts this is a bothering but the Economy Economic recovery. We have seen clear improvement on consumer front again, the question is is that sustainable you see pick up in Consumer Spending up 325 billion last six months, Income Growth is only up 215 billion, kind of pillage savings to do that erupt up Credit Card Debt obviously not a recess pie for longer term Consumer Spending growth, so we need to see is that Income Growth kick in hopefully in february they will get more income in paychecks, weve got to see that translate because they cant continue to draw down saving, Credit Card Debt. Good point chaers so far we have seen back hydrocarbon drop for a market on backdrop for market on fire since 2016 election, obviously this market continues to trade on better fundamentals. Right. What we see that initially burst of optimism wall street called has materialized in hard data, and so a lot of people nonbelievers have to admit feels good fields like momentum no doubt one key the word for 2017 for me confidence, businesses have money in a foxhole haves Regulations Administration did not like to make profits, consumers disposable income you know overall as a percentage of your bills, went down to record low, face it people lost homes lost cars, so now people are spending that money, you do have this area where if you look at mastercard visa rate of growth per credit card spending surge we use debit more than credit there will be a point consumers need to make more on bottling sides main street business said to, confidence is a key buzzword. Waiting that december jobs report due out 25 minutes, economists are expecting 190,000 jobs, added to the economy anonymity rate expected unchanged a 17year low 4. 1 , so what one of of our regulars tweeted earlier talking about 209,000 kevin said earlier he is going to get crushed. Decimated with whisper number bumped up to 220,000 off yesterdays adp report 250,000, i think you are going to see, is that Small Businesses we are going to look at this number and see what Small Businesses are doing, because they are finally gotten reprieve job creators in United States, and they knew that this tax plan was going to get go through because of the the republicans 2018 hopes dangling on that. You got to give mvp to senator johnson went to bat for Small Businesses. Maria he did ron johnson you are right. If you want to say that they are the cornerstone the improvement adp Small Businesses, create more jobs than large business, you gave the the to say again back to word confidence they go out there start to spend hire, and grow businesses. Gone the individual mountain created the huge problem for the republicans, because now they really have to step up fix obamacare. Own it. They didnt they havent gotten rid of emreplyer mandate stranglehold on Small Business the passthrough tax cut does are expire in 2025 so a lot of heavy lifting the republicans need to do, art laffer even talking about a second tax reform package. Interesting you say that kevin brady on sunday show a couple weeks ago made a comment to see said we are going to keep looking at this, i said what do you mean keep looking at this in other words, there is room for further tweaks on this tax plan. They only had 1 1 2 trillion not a same democrat stepped up to the play it if they had more than 1 2 trillion could have done more you know they want to do more, because they werent really pleased every senator had their own basically their own agenda that they wanted to get through but compromised to get the first one. Passthrough treatment that is individual side treatment for smaller besides passthrough entities is kind of a mess quite frankly they need to work on that they will admit that. You said unfortunately, this tax plan has focused more on i wrote in oped in journal a couple weeks ago the individual side of the tax plan was focused on make sure the rich dont get tax relief this is ridiculous. Well, this comes back to the unemployment report ultimately the problem for increased hiring has been there hasnt been the demand to support increased hiring weve got to focus on consumer side which is what you and i keep talking about i thinking through at a actually details clarifying an passthrough, et cetera, going to be huge but, also, you know that higher income tax bracket we come back to is the one that drives growth so not letting them have a tax cut of any significance really could end up being a problem. They pay most taxes and spend most of the money. We will take a break when we come back all handson deck on mornings with maria december jobs report, due out 20 minutes coming up, we are going to look at that, plus deep freeze setting in massive winter storm thousands flights delayed or canceled that is next under 20 minutes away from december jobs report breaking down what you need to know where specifically the jobs are today. Back in a minute. Maria welcome back, first massive winter storm now dangerous deep freeze Cheryl Casone with details, on headlines right now. Cheryl it has been a onetwo punch for the east coast, millions of americans paralyzed heavy snow high winds coastal flooding yesterday the Violent Storm blamed for at least seven deaths, and now here comes dangerously cold temperatures wind chillys forecast to drop as low as minus 40, this weekends. More than two diseaozen cities could see record lows. Havoc at aifrpts nearly 5500 Flights Canceled yesterday more than 1400 flights already been canceled today. The result of trouble at sea, passengers on norwegian cruise ship from bahamas to new york was rocked by the bomb cyclone, one a 40year veteran having kroougz says winds topped 40 knots waves as high as 16 feet around her, the Weinstein Company close to a sale, the wall street journal says there are s bidders, each of our less than 500 Million Dollars shareholders including cofounder Harvey Weinstein get nothing a huge debt load high operating expenses legal bills. Reports say weinstein is in los angeles for the Golden Globes on sunday night but his representative says those reports are false dozens of women accused him of Sexual Harassment and assault. Zuckerberg widely mocked for goal in 2018 fixing fog blamed for fake news and theruns trying to influence the election he set a role to protect begins only abuse foreign interference making sure users time is well spent, the facebook users reaction Washington Post headlined for you Mark Zuckerberg pledges to do the job he already has basically. Other users pointing out that should have been permanent goal a long time ago like in 2010 when personal go a will to learn to speak mandarin, all right facebook premarket up 3 4 of a percent. There is a thank you, cheryl we are minutes away from december jobs report, we got the jobs number on deck, what if anything is going to slow this market down, markets expected to be up 100 points, going to talk about it other side of break as well as where specifically are the jobs today, back in a minute. Is this a phone . Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. On the today show december jobs report due out in few minds economists couple 1 09d,000 jobs Unemployment Rate steady at 4. 1 , joining us this morning Global Economics editor the wall street journal Jon Hilsenrath Lisa Ericsson at u. S. Bank Wealth Management johnnie court ne, professional staffing good to see everybody thank you so much for joining the panel this morning as we await numbers, what are you expecting from today kick us off here. Well maria i think a really strong number. I am expecting a number north of 200. We might even see unemployment dip a little bit lower, this is a based on trends i am seeing in the business, you know demand is just so strong, right now, in many many second torz. What does this mean for Federal Reserve are things too hot . Well, you know, the fed is happy to see economy running a little hot because they want to be they want to see people coming in off the sidelines, people who kind of set out the expansion looking for work getting, getting work. Pretty happy with 4. 1 Unemployment Rate. I think prepared to see it go a little bit lower, but they are raising trts expecting to do three times this year, i think the risk this is a they do more than three, Unemployment Rate continues to fall. Lisa, allocating capital cracked through 25,000 yesterday would you keep putting money into equities, at these levels . Yeah, we still do have a risk equities here in u. S. As well as nonu. S. Developed markets expecting jobs report to come in and continue that favorable trend as continuing to favor stocks, and the reason why is as pointed out, jon alluding to we have a nice string of numbers economically as well bottom up corporate earnings forecast with that going to see continued strength i think in labor market what will be interesting is how that wage number comes through today, about. Maria we are looking at wages, dagen so much, what is most important. Dagen wage growth obviously 2 1 2 wage growth we have seen average Hourly Earnings grow joanie on jobs friday every month pointing that does you have not factor in salaries but we have seen that Weekly Earnings in november up 3 from a year earlier in november the best increase since 2011 so there is hidden gems that we looking for in these reports longer hours are contributing to higher paychecks. Maria can i Say Something about wage growth we had a story the other day i think is important to look at, we looked at cities in the country like minneapolis, fort meyers florida denver, colorado Unemployment Rate below 4 closer to 3 , what were seeing in those places, is wage growth, is picking up, so something called that economists call the phillips curve lower unemployment gets more pressure on wages, this Unemployment Rate if it gets below 4 this month or next month or month after that, that is the trend, we are going to see a pickup in wages. Charles payne. I want to comment quickly that that is so true i did read that story, and we are seeing it in the markets, markets that are so tight employers are really forced to increase wages, they have to do it to stay competitive keep people. December jobs report right after this break back in a minute. 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. Maria breaking news rehearse moments away from december jobs report economists expecting to see 190,000 jobs add to economy last month Unemployment Rate steady at 4. 1 , ahead of the numbers futures showing markets will rally start of trading after yesterday. Highs of morning three mince from number dow industrials expected up 100 points shattering the 25,000 mark yesterday, the dow industrials crossing that, new milestone 25,000,with twothirds of a percent rally 152 points. Participation rates part time economic reasons employment to population racial wages things i am looking for. Wage growth has begun, stephanie in in terms of your thoughts. Well, wage growth 2 1 2 in addition ring 2. 2 barely positive in terms of earnings talking about on break higher that wage number gets, the lower the corporate profits side the corporate profit picture looks for this year, so any bonus from tax cuts has to be offset by how much you think wages are going up, at the same time, we have seen an increase in input prices so the gap between input prices, and the ability to pass them on, is closing, so actually you have never seen that pressure on margins as intense as this, other than five times the last 30 years, so really have a squeeze corporate pricing going to be compounded by wages. Does that mean you are worded about corporate profits for 18. Absolutely. They are expected up 13 1 busier. 12 , o stall. A lot is exactly. Mathematical from tax cuts, right, i mean i think. This gets back to what the president said jobs jobs jobs. Predicate indicates on Small Businesses we need to look at Small Business number coming out of job report, to see what it is going to lead into. I am focused on topline growth for this year because i think that was one of the differences last year not bottom line could be manipulated but topline growth a depression three or four quarters coming back on. That can follow that an important point you are making if you are worried about corporate profits no 18 this market has been rallying on. Huge surge in input prices ppi inflation sustainably higher so far there hasnt been passthrough on cpi front this is a margin pressure. Dagen price inflation, and wage inflation, be careful what you wish for we were talking about because, again, a more aggressive Federal Reserve could kill this bull market. It is still a huge headwind for this market. Weve got just about that, whether or not catapulting new money to work right here, of course, weve got to get numbers jobs numbers are out momentarily adam shapiro at labor department, live right now with the numbers. Reporter 148,000 jobs, that is how many jobs were created in december Unemployment Rate held at 4. 1 again 148,000 jobs created, for the full year, 2017, 2. 1 million jobs created less than 2016, 2. 2 million in revisions november revised up 24,000 jobs, october revised down 33,000 jobs for a net loss 9,000 jobs in revisions, hourly wages up slightly 9 cents to 26. 63 an hour yearoveryear, hourly wages rose 2. 5 u6, 8. 1 year over year down a full percentage point from 9. 1 , average monthly gains in last three months, 204,000 jobs, greater than the average monthly gains for the last three months of 2016, was 148,000 jobs, labor force participation, 62. 7 part time people looking for work 4. 9 million the average workweek was 34. 5 hours unchanged big gains in health care 31,000, however for 2017 total of 300,000 jobs, 2016 was 379,000 jobs manufacturing up 25,000 jobs, in december, for the full year of 2017, 196,000 jobs, but in 2016 there was a welt of 16,000 jobs manufacturing strong 2017 among different groups Unemployment Rate for he africanamericans at lowest point in record history 6. 8 was 7. 9 december of 2016. 3. 7 for whites unemployment hispanics. 9 almost record low asians 2. 5 december to recap, 148,000 jobs created in december Unemployment Rate Holding Steady 4. 1 , back to you. Thanks very much as you were speaking market is giving up some ground looking at a rally but off the highest high, certainly, about Stephanie Pomboy into december showing caution that caution was well documented and here we are, you were right. You have seen a gently uptick in unemployment claims few weeks important as well, also in like the manufacturing, employment component weaker other components strong i health one thing in this that strength in manufacturing normally should be associated with higher average Hourly Earnings higher paying jobs to extent that the jobs Manufacturing Sector area of strength in 2017 we didnt see more robust wage growth is really waim growth in that area wage growth my favorite thing based events on what i call dirty thing in economy on fire gdp using adp good producing jobs 600 last year, that is absolutely remarkable that is when a people in heart landed ohio pennsylvania put President Trump in office for maybe they are making mo money you are right, you know he overall, bifurcated, shortage making more a lot of workers not making thinking. Adam shapiro more news what do you know. Reporter one of the things talk about in retail, in december a loss 20,000 jobs for 2016, there was a 203,000 in retail in 2017, full year a loss, negative 67,000 jobs, so retail number shows what is happening with the internet effect. Gets to point manufacturing, only 12 of the economy most jobs are service jobs, and so this retail deflation a major problem. One thing talking about for months it is very difficult for businesses, to find skilled workers, and when you have a muted job creation number like the one that we got a disappointment for month of december, it does raise that issue. I will point to the u6 went up 1 10 of a percent to 8. 1 does seem to suggest because this is a also part time workers that even in a very, very tight labor market, that there are pockets of people out there, who are available to work, but that push pull between people want jobs working parttime dont have skill set to get a fulltime. I point out for a second walmart ceo told me area year and a half ago having a hard time hiring people because they have a drug test and everybody they try to test for jobs, smokeds. That goes back to i am i was talking to one in army she told me same thing basically says a big problem, with marijuana because, everybody smokes it and they have to tell people you know what go home, and come back in 30 days the Trucking Industry for decades. They cant find tricking is like number one job 30 states cant find Truck Drivers people want to drive trucks good paying even though they cannot pass the drug tests. People rather smoke marijuana can take opioids to relieve pain. What jeff brewer says should be marijuana instead of i digress. Okay because i want to get to lisa thought on u. S. Manufacturing sector whether good for investors to put money because we saw, the u. S. Made durable goods in november was up 1. 3 we are seeing manufacturing jobs here up 29,000, are there areas in the market we can go should people look in sfrielz materials what i also your take on this . Is this industrials . Well, we think a broader swath of sectors about attractive the reason in moderate growth environment people are going to favor the areas, like manufacturing industrials and other areas, where they can get a little extra growth with economic numbers looking continue to be good weve got a decent look forward in jobs report today, we think there is going to be that ability to continue the economic momentum behind some of those more cycle sectors in addition to traditional growth sectors it continuing to do well. Jon hilsenrath my question looking at u6 under employment rate it rose this month from 8 to 8. 1. Does that concern you . Not really, you know that number has been coming down, down i think, we reported full percentage point from a year ago, i think we you are a pulling people off margins of the labor force wouldnt even be too worried about one monthly change the monthly pay role number mildly disappointing in economy with 160 million in labor force different betweens 148,000, 190,000 is really tiny we have to remember for the year, we got 2. 1 million jobs created that is the 7th year in a row that rehearse had more than two million jobs created this economy is not on fire but it is it has a o lot of momentum to it. And that momentum i think is adds to momentum that the rest of the world is growing, right now, now i think numbers are pretty good not great but they are good, and no reason to lose faith in the expansion. Dagen to add to that jon 7thier in a row this economy created two million jobs that ties the street from back in the 1990s, again this s p 500 bull market is actual stronger than the one we had during the internet fuel 90s rush. You are talking real Profit Growth you are not talking about clicks to web site, which was a lot of the backdrop in a new era new way of doing things on doorstep of the internet johne stephanie has been talking manufacturing been talking about retail a lot where are the jobs based on what this report tells you joanie . Well, obviously we can see right the jobs are not in retail, but we see that the jobs have switched to logistics certainly ecommerce doing very well, the professional Business Service sector extremely well jobs around i. T. Application developers, program managers, again health care very strong continues to be one of the top jobs in america as well as physical therapists, even Customer Service one of the highest demands we see that through many markets throughout the country. Maria yeah. So i think to this job report i would have expected the numbers to be a little bit better may be we will see that next month in revisions but i am telling you maria from front lines the demand is so strong the job market is so tight right now, becoming more competitive, that that is why i think Many Companies are coming out with the bonuses, increasing wages going to have to focus on employees because it is an employee market right now. What do you say about that . Bonuses have been quite impressive. We will see. A lot of that is end of the year tax you know doing that for tax purposes, see if that translates. They want it on the books because you are losing the deductions. Exactly. We will see if that translates to real wage increases in 2018. If you are a Business Owner operator ceo you look at this administration, you look at the trump administration, not they are not going to do anything to get in the way of doing business they are trying to make it easier, they are going to open up offshore areas, in this country, to drilling and virtually every area. High paying job. Again. Right, they are you during the Obama Administration, because yeah the economy this this growth trajectory started in 2009 but the Obama Administration regulated the healthcare industry, they regulated the internet regulated the financials nationalized Student Loans tried to put coal out of business that is not what this administration is doings one reason economic run stock market run likely have a lot of legs. Maria one hundred percent. I like materials industrials i have scriboverweight regulation rock paging corp of america, caterpillar absolute unstoppable monster then skrai discretionary one strongest Home Builders buying homes the ground again that is still working i think going to work in this environment we didnt talk about construction jobs up 30,000, producing jobs i think really important, to look at because, much better paying jobs retail jobs, and kind of jobs you build households on a society kind of job that improves heartland. Lowest record Unemployment Rate for africanamericans in history, in this report adam pointed out talking about minority loans, the Small Business. What they have done microloans amazing, microloans, great job. Going to nicole in a second, floor of New York Stock Exchange here wleer dow 25,000 you want to seminto that. I do i think that acquiesce got the tax cuts enacted focus on the other major issues of this economy which is monetary policies. Can we effectively complete the handoff from monetary to fiscal woil Income Growth take reins. Does that make you comfortable seems like going to play all about. Make me feel comfortable with it i said this program, there red light you did say that. That starts rally. Good. Nothing to do with solely focusing on United States it is Global Growth i am investing for Global Growth 30 in dow i wouldnt sell at 25,000 concerning cheap Interest Rates, China Growing at unprecedented rate we have u. S. On rebound, earnings are going up we have more capital they can deploy so i know how you are a buyer. Stephanie on the other side of that story. The market ran up priced in all of a sudden finds a package we have three record days in a row. Profits too high. Second highest in history, only been one bull market as long as this or longer than this. The capital way more expensive if you think about capital superlow rate feds said not going to get back to historical norms unprecedented historic low rates the cost of capital going to remain low, especially with you were referring to is only one bull market what . That is longer than this one, about. That in in the no in price in in price increase and detour riggs only one bull market longer than this. They dont have to die because they are old the roaring 20s. Average the average correction after all bull markets 45 whoa. Are you expecting a 45 selloff . I am going to see. Whoa. It is very high sthaikz Downside Risk substantial. Downside . My gosh, i mean i think 20 is easy in momentum driven market could go down 20 selling comes in. I want to say we are going to use 1920s closer to 1925 than 1929 all i am talking about. Four years a lot of money bank it. On this day, 19 on this day we are expecting a higher opening from broader markets. You said we have 100point gain dow futures before jobs report came out we were up 91 points, after broke headlined number, pulled back a little bit but look, they are digesting it 148,000 was not what everybody was expecting there were bright spots within the report couple of other things that we have been watching here with traders have been talking about was dollar quickly erased gains treasures advanced the trade defendant ballot boxed widest almost 6 years exports climbed 2. 3 ail time high to 200. 2 billion shipments automobiles merchandise capital goods but the imports rose the a record that is disparity between two maybe a little bit of a drag on the fourth quarter, we are all watching for gdp, been exciting to see the growth, this latest piece of information, put it all together just a little bit less than we have been seeing, boy we are loving it, dow 25,000 markets doing great you he mentioned construction, charles seeing with housing watch to see what fed does i like dagens breakdown on fedspeak we try to figure out. Maria. Thank you so much. I just want to get lisas take on this 20 down possibly off stephanies reaction. My take is with it we are going into a normalized market where you are seeing noncycle asset class performance, so before all Asset Classes sectors in tandem now divergens multsdz volatility. We are positive i think in green zone for where investors want it will to be basically what you are still seeing a nice labor market, and even if the headlined number was a little bit below consensus again within the zone, and if anything, i think really the risk to the stock market right now is an upside surprise on either two tight labor market and or wages going up too significantly having it come in slightly under is probably a good thing and, again, we are seeing positive reports, and all the other areas whether both here in u. S. Or globally, so we are thinking in zone of 3,000 for yearend on s p. We want to leave it there Jon Hilsenrath before you go, does this change the move of the fed anything change what fed is planning on three hicks in 18. No, i think keeps fed closer to three than it would have been to four one of the reasons i think market rallying on this because lends the hand to slightly more dovish fed one other thing about the stock market you are arc about this i will tell you with are certainty stock market will fall 20 , the big question or more. The big question is when. And i dont say red flashing signs right now on this economy 2 report mildly disappointing economy still going pretty well, so, i dont see 20 on my. O he stuck neck outed 20 not out of realm not out of the realm of possibility stephanie will tell us when Jon Hilsenrath thanks for joining us december jobs report more from that after this break. Its time for sleep numbers lowest prices of the season on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. And snoring . Does your bed do that . Its the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. Now only 1199, save 400. Ends soon. Visit sleepnumber. Com for a store near you. Its time for sleep numbers lowest prices of the season on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. And snoring . Does your bed do that . Its the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. Now only 1199, save 400. Ends soon. Visit sleepnumber. Com for a store near you. Welcome back we are handson deck december jobs report out the economy added 148,000 jobs, month of december, that was lower than the economists expectations, the Unemployment Rate as we expected 4. 1 we bring in host of Varney Company Stuart Varney his thoughts good morning to you. Good morning, maria. I agree with charles, this is more like 1925 than 1929. I think weve got a long way to go on this bull market run, but having said that, i have to say that the 148,000 new jobs in december that was disappointing. After the adp report yesterday, with 250,000, brand new private sector jobs, i thought that would herald above 00,000 report didnt happen we are 148 i find that disappointing, i want to pick up what nicole had to say we went into this report, the futures up about 90 points, now we are up about close to 95 to 100 points, maybe the market is taking this as a sign that the fed will not be aggressive in raising Interest Rates that is my only explanation but we are going up opening bell, 25,000 25100 here we come. It is weaker than we thought this is will heared a bad number. No one used the word throw it out gold polilockgoldilocks. Gold loksz not too hot, not too cold. How much better can it get. The key to have you look at employment to population ratio because that is we had more and more people, you know gets expected to two million jobs going to be a point three million we will see as low, you know, so we are weve got right tailwind going for us all levels, and that is why perhaps goldilocks would be right. 10 minutes we know a lot more on this Stuart Varney, Varney Company top of the hour. Dagen i said this in the break, that you look at this slight disappointment on he overly jobs number remember that senate was just finally the republicans finally hashing out this tax reform bill now law when the surveys were being taken if Business Owner whether small or large there were so many changes being made, from the final Senate Bill One coming out of Conference Committee again just in terms of passthroughs, you might have held back on some of your hiring decisions last month because you really needed to wait and see what they were finally going to come up with. Hill health new years brought higher minimum wage 18 states two dozen you municipalities when minimum wage wage they fired people had them work less impacted monthly earnings negative 125 dollars out of university of washington, so people are going to get fired in an environment where wages go up but going to get less hours. Some might get fired. Some you are right. A blanket statement you dont get fired. Lisa joanie remote thoughts on jobs number before you go what should we walk away with on this report, lisa . Well, again, i think it is really a nice solid report you are want that nice tight labor market not too much acceleration in wages too high gains in overall add numbers we saw that continue to feel that is really a positive towards equity. Joanie front lines of hiring right now. You know, i think employers are really positioned very well to hire right now. I think to dagens point probably was some cautious optimism about maybe making whos hires waiting and seeing what is going to happen with tax reform but right now there are strong demands in so many sectors may be note retail you look what is happening in manufacturing, construction, and professional and business purposes such a hot market, i think 2018 is a great year for job growth. Final word there lisa joanie thank you very much ladies we see you soon dont miss the final word from this allstar people after this short break. Ed more. Like internet thats up to the challenge. Ed more. The gigspeed network from comcast business gives you more. With speeds up to 20 times faster than the average. That means powering more devices, more video conferencing, and more downloads in seconds, not minutes. Get fast internet and add phone and tv for only 34. 90 more per month. Comcast is building americas largest gigspeed network to give Small Businesses more. 6. Maria hey, we ran out of time. Youre a buyer, youre a buyer, youre a seller. Dagen. Have a great weekend. We will see you sunday and monday. Take it, stu. Stuart why do we call it freezing friday . The markets are on fire. 40 years in the business, i have never seen anything quite like this. The dow will open at yet another record high, ive lost count. I think its about 90 highs since the election. We will be looking at 25,100 and tech heavy nas tack will be up. The New York Times choses to go negative, look at the headline,