Transcripts For FBC Mornings With Maria Bartiromo 20180202

The 10year treasury yield hitting fouryear high on the news. Now a 2. 80 , yeah, things are getting interested. This is ahead of jobs report due in two and a half hours, economists are looking for 180,000 jobs added to the economy in the month of january with Unemployment Rate holding steady. It was Technology Trifecta on wall street last night. Apple topped expectations, iphone sales were down, short of expectations, a different story for amazon, the Company Posted the largest profit in history. Take a look on the premarket. More on those numbers coming up this morning. Overall markets had a mixed performance. Worst week since september 2015. S p. Take a look at indices this morning, down across the board. 23 points lower, cac quarante down 1 and a quarter percent as dax index in germany. In asia markets were mostly lower with the exception of china, shanghai composite up 1 and a half of 1 . Bitcoin taking a tumble, lost half of its value in just the last six weeks, look at that, 8,142, the latest in regulatory crackdown for bit bitcoin. That memo expected to be public today, Speaker Paul Ryan weighing in. Involves American Civil Liberties and if American Civil Liberties were abused, then that needs to come to light so that that doesnt happen again. It is your job to make sure that the process is followed properly and if its not followed properly, then we need accountability, the more transparency the better so that the people of this country can see that Civil Liberties are being protected, that the constitution is being followed. Maria despite objections from the fbi the white house says that President Trump is okay with the release of that memo, more as the public weeks to see the u. S. Braces for another round of cold, punxsutawney, we will see if he sees his shadow. Ground hog day, joining me to talk about it fox business dagen mcdowell, Brian Brendberg and lindsey bell. Good to see you. Good morning. Maria happy friday. Good to be here. Do you want to see a shadow or not . Maria if i were him i would go back in. Go back in and hide. [laughter] dagen coin toss has better outcome than punxsutawney. So much to talk about. Ive made a list. I try not to text your email maria we just sort of go with it. Its all so interesting. Taig day i jumped out of my seat when i saw the atlanta fed forecast. Maria can you believe this . 5. 4 , fastest quarterly growth that we have seen since recession ended in early 2009. Is fast growth bad for the market . Maria we were talking about the magic number, 2. 3 that the markets will get unnerved. It looks like its unnerving markets, right . Swift move, i think, the tenyear was 2. 45 at the start of the year, we are now 2. 8. Crazy. Dagen always watch the bond markets, those nerds maria like you. And a nerd, lets be honest. [laughter] maria we have a lot coming up, joining the conversation former ambassador to the un and fellow Institute John bolton, the governor of puerto rico Ricardo Rosello and president of the Cleveland Clinic dr. Toby and jack brewer stops by ahead of super bowl. Dont miss a moment of it, we will kick it off with the top story, markets pointing to another selloff at the opening of trading this morning ahead of jobs report out at 8 30 a. M. , take a look at futures this morning . A. We are looking at another selloff better than 260 points, this would be the third day of tripledigit losses and comes as tenyear treasury hoovers around 2. 8 , just as last atlantic Federal Reserve comes out with gdp growth at 5. 4 , much higher than people expected. We will see a 5. 4 number next quarter according to atlanta fed. That would be the strongest since thursday quarter in 2003. The economy got close reaching 5. 2 in the Third Quarter of 2014. Joining us right now to talk all about it chief strategists phil orlando. Happy ground hog day. Maria happy ground hog day. I want to start with the fed number. Our First Quarter estimate is 4 and a half percent and consensus is around 2 and a half percent. People thought we were lunatics until you Just Announced a minute ago. [laughter] this is why the First Quarter will be so strong, the forty quarter number that was flashed last friday was 2. 6 , thought to be disappointing, the underline core of that number, sales was up 4. 3 , the number the came 2. 6 was two offs, the import number surged 14 despite the weakness in the dollar. Maria that was a onetime thing. Thats not consistent. Absolutely. Inventories for some reason fell from 39 billion in the Third Quarter to only 9 billion in the Third Quarter despite the strongest christmas in six years that didnt make any sense that took 70 basis points out of growth. We think that either those numbers are going to be revised up or we will get the growth back in the First Quarter, thats why fed rated and the atlanta fed are look for Fourth Quarter. Maria is that no longer possible . Theyre supposed to go hand and glove. The consumer is the one part of the Fourth Quarter gdp number that was strong. You saw consumption go up 3. 8 . Net worth of individuals as a percent or ratio to disposable income is 6. 7 . That is the highest number since 1960s. Dagen business nonresidential investment, this is what was missing since the end of the recession in 2009, it was up 6. 8 in the Fourth Quarter. Again, the businesses are stepping up and beginning to spend and you will only have a tail wind going into the new year with the tax reform, but i think that if you do start, you have to watch what goes on the bond market because, again, with higher rates, higher longterm rates, that is what you use in your calculation and what stocks are worth, right, and you could or the opposite theory would be that you have money coming out of the monday market for fear of bear market and going into the stock market. Maria where are you going to go . We are not there yet. The economy is growing strongly, corporate earnings are having very good Fourth Quarter, the best fourthquarter pace in years. So it is not maria fear of missing out. It is not fomo, underlying reasons. Maria part of it is the technology sector. Apple, alphabet, apple beat expectations, earnings revenue. Disappointing outlook. Thats really what is important. The outlook for the quarter. Amazon posting the largest profit in the history. Look at the numbers. Blasting past wall street estimates. There was alphabet, beat on revenue. They did talk about strong advertising growth. Phil, give us your reaction on what youre seeing in earning sector by sector . You have broadbase strength, a number of stars, Technology Health care, materials, industrials, Financial Service companies, energy companies, you are seeing good numbers across the board and i think thats going to be reflected in the labor market data we see this morning. How important is it the technology sector, though, for the market to continue higher with the leader in 2017, a leader now, 20 of the gains we have seen this year have been led by four companies, google, amazon, netflix and microsoft . The reason they are doing well is because growth is well above the growth of the broad market. The bigger move in technology, i think, is because of the tax reform specifically the cap x portion of that, we think theres going to be a Significant Technology upgrade cycle, chip software, et cetera, and i think a lot of the stocks are moving in anticipation of what companies are going to do to rebuild their Technology Platforms the first time in a really long time. Maria pay up for that. Phil, talk about the narrative between apple and amazon. We saw both stocks pop up yesterday. Apple reported strong earnings because they are charge lg more for a product thats been around for a long time. Amazon is making more money because they are making the biggest inroads, big growth business, is there a fundamentally big narrative between the two companies and you will see them diverge over time . They sort of guided down on the volumes. They think they will do in apple 10. Amazon seems to be cracking. S, higher longterm rates, that is what you use in your calculation and what stocks are worth, right, and you could or the opposite theory would be that you have money coming out of the monday market for fear of bear market and going into the stock market. Maria where are you going to go . We are not there yet. The economy is growing strongly, corporate earnings are having very good Fourth Quarter, the quarter pace in years. So it is not maria fear of missing out. It is not fomo, underlying reasons. Maria part of it is the technology sector. Apple, alphabet, apple beat expectations, earnings revenue. Disappointing outlook. Thats really what is important. The outlook for the quarter. Amazon posting the largest profit in the history. Look at the numbers. Blasting past wall street estimates. There was alphabet, beat on revenue. They did talk about strong advertising growth. Phil, give us your reaction on what youre seeing in earning sector by sector . You have broadbase strength, a number of stars, Technology Health care, materials, industrials, Financial Service companies, energy companies, you are seeing good numbers across the board and i think thats going to be reflected in the labor market data we see this morning. How important is it the technology sector, though, for the market to continue higher with the leader in 2017, a leader now, 20 of the gains we have seen this year have been led by four companies, google, amazon, netflix and microsoft . The reason they are doing well is because growth is well above the growth of the broad market. The bigger move in technology, i think, is because of the tax reform specifically the cap x portion of that, we think theres going to be a Significant Technology upgrade cycle, chip software, et cetera, and i think a lot of the stocks are moving in anticipation of what companies are going to do to rebuild their Technology Platforms the first time in a really long time. Maria pay up for that. Phil, talk about the narrative between apple and amazon. We saw both stocks pop up yesterday. Apple reported strong earnings because they are charge lg more for a product thats been around for a long time. Amazon is making more money because they are making the biggest inroads, big growth business, is there a fundamentally big narrative between the two companies and you will see them diverge over time . They sort of guided down on the volumes. They think they will do in apple 10. Amazon seems to be cracking. Theres a bit of a divergence there. Probably little bit of consolidation. We still expect to see the s p at 3100 level which is still another 10 higher than we are right now. The day after chemo might mean a trip back to the doctors office, just for a shot. But why go back there, when you can stay home with Neulasta Onpro . Strong chemo can put you at risk of serious infection. Neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. In a key study, neulasta reduced the risk of infection from 17 to 1 , a 94 decrease. Applied the day of chemo, Neulasta Onpro is designed to deliver neulasta the next day. Neulasta is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta if youre allergic to neulasta or Neupogen Filgrastim . Ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. 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. Ythen you turn 40 ande everything goes. Tell me about it. You know, its made me think, im closer to my retirement days than i am my college days. Hm. Im thinking. Will i have enough . Should i change something . Well, youre asking the right questions. I just want to know, am i gonna be okay . I know people who specialize in am i going to be okay. I like that. You may need glasses though. Yeah. Schedule a complimentary goal Planning Session today with td ameritrade. Maria welcome back, now this, a van carrying gas tanks plowedded to pedestrians in china. Lauren with the headlines, good morning. Lauren police dismissing fear that is the crash was a planned attack. The van veered onto sidewalk, burst into flames after the driver lost control. In business, cvs and bico, no to evaluate a potential merger 12 years after splitting up. They tried and failed to do this about two years ago but theres a new push following disneys announced purchase of some entertainment assets of 21st century fox, the parent of fox business. Media company say they need to be bigger to stay competitive in the age of streaming. Well, the bears are running the show when it comes to bitcoin. Take a look at this. The Digital Currency losing more than half of value in six weeks time falling below 9,000 this morning. Thats more than 55 down from alltime high of just about 20,000 back in december. Bitcoin is under pressure following regulatory scrutiny from china, from south korea and most recently from india, maria. Maria all right, thank you so much, lauren, coming up the president s big decision, we are on it, the commander in chief could tell lawmakers to release the highlyclassified document today, the continued controversy, what happens next right after the short break. Exxon mobile, chevron opening books on busy earnings, we will have the numbers as soon as they hit the tape. Back in a moment. Mvo its not necessarily about eating together, but its about building relationships with one another. Because that will manifest change. Ill stand by you. Mvo anybody can make a difference. Its easy to give back. Its just a little bit of time. Ill stand by you. Sometimes, they just drop in. Obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Whos the new guy . They call him the whisperer. The whisperer . Why do they call him the whisperer . He talks to planes. He talks to planes. Watch this. Hey watson, whats avionics telling you . Maintenance records and performance data suggest replacing capacitor c4. Not bad. Whats with the coffee maker . Sorry. We are not on speaking terms. Maria welcome back, debate over government surveillance and privacy taking center stage today. President trump has cleared the way for the release of the fisa memo. It could be made public as early as this morning. House intel chairman devin nunes drafted the document which alleges that the fbi and the Justice Department illegally spied on the Trump Campaign in 2016. The memo has sparked outrage among democrats, House Minority leader nancy pelosi slammed nunes yesterday calling for Speaker Paul Ryan to remove him from the intel committee. The House Speaker said yesterday the democrats are putting on a show. What this memo is congress doing its job in conducting legitimate oversight over a very unique law fisa. Fisa is a unique situation which involves americans Civil Liberties and if American Civil Liberties were abused, that needs to come to light so that doesnt happen again. What they are trying to do is sidetrack us for political gain. Maria joining us Fox News Contributor and former ambassador john bolton. Your thoughts on this debate surrounding the memo . I think the memo should be made public, i think, in fact, you will have a broad disclosure of a lot of underlying documents and emails and the rest going right back to the clinton email and Clinton Foundation investigation, this cuts against every grain of my being as an executive branch creature, i hate this kind of disclosure but i think we are at a point where the mistrust has corroded peoples faith and basic institutions and unfortunately the only way to cure that problem or to try to cure the problem is to get it all out starting with this memo and im sure theyll be more to come. Maria you would think that both sides of the aisle want to be able to trust the fbi, want to be able to feel that they are doing their job independent of politics and yet we see the texts and its impossible to feel that way. Yeah, ive had a lot of experience with the fbi during my days at the Justice Department, when i was in the state department dealing with the bureau, the way the clinton investigation was handled by james comey and top sub i just dont see any other way to repair the damage thats been done. Theres so much anticipation on the release of this memo, what happens for this to be a dud and what happens for this to really take off and change the trajectory of the conversation that we are having . What are the risks and opportunities here . Being a lawyerly have an opinion on the document when i read it. Thats one reason why i think all of this discussion about whats in it, what it says, what it proves, we are not going to be able to really understand until we see it. But i think the debate over the release of the document tells us a lot and let me just focus on one single example, adam schiff, ranking democrat, that the memo that will be released has material changes from what the committee approved. Matt gates and others on the Committee Said its grammar, gates said if you held the two memos up to light you wouldnt see any changes. Somebody is right in that debate and somebody is wrong. They are either going to be big changes or happy to glad. Whoever loses that debate has a real credibility problem about Everything Else theyve said. This to me is the illustration why the only answer here is widespread revealing of these documents. Weve got to be careful about protecting sources and meths but unless you get the stuff out we will have sniping, continuing erosion in faith in the fbi and Intelligence Community which we need to have to protect the country. Maria the agency was completely politicized under president obama. I wish more of our lauders would, take heart, American History shows that in the long run, weasels and liars never hold the field so long people stand up. Not a lot of schools or streets named for joe mccarthy. Its hard to take seriously. They have been asking for documents since august and not getting them after seeing the way he handled the email, why did he have all of a sudden credibility . Dagen he drafted the statement about exonerating Hillary Clinton before she had ever been interviewed, right . Shows what the problem is, you cant question jim comey. His morals are better than yours, back off. It was not a real investigation of Hillary Clinton, there was no grand jury convened as far as we know, no subpoenas were issued. Thats not a real investigation. Maria no notes. Every time he met with donald trump there was notes and when he met with Hillary Clinton, not even notes. The interview was not even reported. Dagen he has a book coming out and hes got to figure out a way to sell it, what do they call him inside the fbi, saint jim. Maria saint jim. Hes better than you and me, get used to it. In looking at Andrew Mccabe who i think were complicit with him, what was comeys motive to stay as fbi director, get promoted as attorney general in the evitable Hillary Clinton administration. Thats the backdrop, they all thought she was going to win. Maria lets not forget that his boss told him dont call criminal investigation a criminal investigation, call it a matter. Thats exactly what he did, he called it a matter. Theres so many other things here to discuss in terms of jim comeys behavior. Lets not forget the investigation which fbi agents were working on and basically stopped by washington. Maria it sure was. We will be watching the development. John bolton joining us there. If you want a Lincoln Navigator you to get in line, why they are burning rubber in show rooms across the country. All ahead, back in a moment. How do you win at business . Stay at la quinta. Where were changing with stylish makeovers. Then at your next meeting, set your seat height to its maximum level. Bravo, tall meeting man. Start winning today. Book now at lq. Com. Today, innovation in the finger lakes is helping build the new new york. Once home to the worlds image center, new york state is now a leader in optics, photonics and imaging. Fueled by strong university partnerships, providing the worlds best talent. And supported with Workforce Development to create even more opportunities. All across new york state, were building the new new york. To grow your business with us in new york state, visit esd. Ny. Gov. Welcome back a good friday morning everyone. Thank you so much for joining me. It is friday february 2. Take a look at what is happening this morning. Its excited to be down at the open. Better than 200 points. Raising about higher Interest Rates. 2. 8 this morning. The economy is expected to add hundred 80,000 jobs to the economy in the month of january. And of course we have the atlanta fed expectation up 5. 4 Economic Growth. Its been a tough week. They have a peaked out a game yesterday but the dow and the nasdaq and s p 500 are on track for their first down week of the year. This is the worst week in a couple years. We are also seen selling on Global Markets of this morning. The dax index in germany down better than 1 . In asia overnight markets closed mostly lower. The other majors down. Investors are watching earnings this morning. Analysts are watching drug prices and comments on the new Healthcare Company. Lincoln has a highend problem. It is selling more navigators than he can actually produce. The buzz on starbucks. And then super bowl 52 now todays way. Justin timberlake teasing his performance at a news conference. Were doing a few things with this halftime show that they never quite done bashar before. We have that story as well. First though this top story. Reexamining healthcare corporate heavyweights unveiling plans this past week to form an independent Healthcare Company for their u. S. Employees. It aims to reduce healthcare costs while improving care. The ceo and chairman Warren Buffett said this is the current state of healthcare. Here is the quote. They act as a hungry tapeworm on the american economy. The former chairman and ceo in the clinic. What is your take on this new company that they are forming. Im delighted to see that three people i respect are weighing in on health care. Healthcare. We certainly need to do this. We need to take cost down in with the entire organization and business. I would think that when we had one big Company Coming up with competitive pricing it shakes up the whole market. This is gonna be for their employees. Doesnt have longer legs than just those things. There has been attempts to do this in the past. And they have not been a terrifically successful. The Health Care Payment isnt broken into two groups. The government pay and in the private pay. Its pushing very hard in trying to reduced costs. They are beginning to enter into this. You would think because of that competitive situation prices come down. In the state of that union this week talked about this as one of his priorities. He delivered his address on tuesday and he spoke on one of his Top Healthcare amendments this year. One of my greatest priorities is to reduce the price of prescription drugs. To make fixing the injustice of high drug prices one of my Top Priorities for the year. That was a surprise in the state of the union by the way. It remains to be seen. You have to see the drug prices are going up enormously. Our pharmaceutical bill went up 19 last year. On the is almost that is almost unconscionable in my mind. And the prescription drugs are going up 10 a year it was some regularity which is a lot more than inflation rate. Its very difficult to maintain this. The government does not negotiate for medicare drug pricing. When we had have on heather brush it is a systems fault because you have to give it to that pharmacy benefit managers managers. And people dont recognize that they are not the only problem in terms of her raising prices. We pay much higher prices in the United States than the rest of the world. We are subsidizing the development of new drugs. Maybe 10 hundred difference in prices it sells for 3,000. The same sort of thing 80,000 for a hepatitis c drug will be 800 in egypt. We are subsidizing drugs for the rest of the world. At your core you are a heart surgeon. You are an expert in you built this incredible institution. But let me ask you the core in terms of Heart Disease. Where are we in the fight. As a result of this innovation that weve seen in Heart Disease and been the biggest killer. Its great to see the incidents come down over the last several years. I think it has been a multitude of things and better understanding of the foods that we eat has been better understanding of management of hypertension and there has been a whole series of things but im delighted to see it continues to decrease the incidence. But is still the number one killer ahead of cancer. Great to see you. President trump just tweeting this morning. At the top leadership of the fbi and the Justice Department had politicized the investigative process. The rank and file are great people. At the president talk about the fbi this morning. I suspect hes going to allow that memo to be released later today. Check out some of the big moments from this weeks show. President trump makes a bold Statement Last night with his first state of the Union Address. The people built this country and it is the people who are making America Great again. The most effective use of people who were gassed to teach lessons. They focus on the things that we actually care about. There is a handful of democrats it said that they will not shop at tonights event. Not to all of the American People they are still worried about this economy. What is your take. When the president is saying unemployment and a 17 yo year low. It looks like someone just shot their dog. A guy who took a bullet and almost died in was back to work three and half months later. The legend from louisiana. Congressman steve scalise. What a touching tribute by the president. I got to see that side of him from just hours after i was shot. He would just randomly call me from the hospital and say how are you doing steve. Most people dont get to see that side of him. A train carrying lawmakers. And their eight children were on that train. They are in the back of the train. Obviously our car stopped right in front of the crash site. We watched for panic. How they all rallied together and try to find it. And jump off the train and get out. And you just post on twitter for me be nice. Help me im always nice. Shes nice to me. The Worlds Largest sporting event. We were honored to host super bowl 50. I think minnesota is going to put on a great show. Theyve never won a super bowl. And lets you run a white with everything from free parking to park place. Its the cheaters version. Is it for the patriots . Were gonna be sitting on an egg. I think were getting close make a uturn. Uturn . Recalculating. Man, we are never gonna breed. Just give it a second. You will arrive in 92 days. Nah, nuhuh. Nope, nope, nope. You know who im gonna follow . My instincts. As long as gps can still get you lost, you can count on geico saving folks money. Im breeding, man. Fifteen minutes could save you fifteen percent or more on Car Insurance. Welcome back. President trump meeting with a group of north korean administrators grew to highlight the violations in the put pressure on their president. He lifted his crutches in the air it was one of the most emotional and talked about motions of the address. When this man was young he actually passed out on the train tracks he was exhausted from hunger and when he woke up that happened as the train ran over his legs. For the new Lincoln Navigator. After the dip in january it would have sold more of the navigators if they wouldve have them. If it can cost more than a hundred thousand dollars. The sales up 97 and a half last month. Take a look at shares of ford. I just want twopoint out they recently showed us that the navigator what it navigator what it looks like also named truck of the year. I will take a skinny iced caramel maki otto. Starbucks is teaming up with Credit Card Companies to re redeem them with the starbucks. In case you forgot today is groundhogs day. A big day in western pennsylvania. In less than an hour he will come from hasbro to tell us if we will have an early spring or a longer winter. Legend has it that if he sees the shadow six more weeks of winter. He has overwhelmingly seen his shadow 103 times to be exact. Will see. I hope summer gets here soon. With the eyes in the ears. I thought that was really cool. I think she is in the Punxsutawney Hall of fame. I am ready for some warm weather though. If i were him i would go back and its cold. Excitement is building for super bowl sunday. Raising a few eyebrows with the comments about football. And then look at this market. First we will take you inside the super bowl experience. And then check out this market right here. We are expecting a sharp selloff with trading for the third day of a in a row. Trini [music] each day our planet awakens with signs of opportunity. But with opportunity comes risk. And to manage this risk, the world turns to cme group. We help farmers lock in future prices, banks manage Interest Rate changes and airlines hedge fuel costs. All so they can manage their risks and move forward. Its simply a matter of following the signs. They all lead here. Cme group how the world advances. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. 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. The big game is two days away but the Super Bowl Party has already begun in minneapolis. Jack for checking out the super bowl experience in minneapolis at this morning. There is a lot going on here in minneapolis. Robert gutkowski he is back and he is cleared percussion concussion protocol. This is the biggest game of this year but he has a lot to prove. Its been a while since weve seen him play. Also the press conference yesterday with Justin Timberlake. The halftime show. He basically said he would not let his son play football. That was kind of the big news coming out of the game. As far as the jack and cheryl news i wanted jack to show me minneapolis from a different view. It turns out he is afraid of heights. I have an amazing view. For some reason things are that a little bit interesting. We are here we are ready. How are you feeling about the zip line today. Ive never been this nervous about anything in my life. There is no turning back. I have my gear on. Youre about to gear up. Here we go. Off we go everybody. We are climbing, we are climbing we are off. If i dont make it maria i love you. Youre incredible. Yea, i did it. We had watched you play football now jack, you chickened out what happened up there. Whats going through your mind. Honestly i was so scared of heights i was nervous and shaking. If understand it was like negative 7 degrees and i look down and actually got strapped into the state i just couldnt do it. My body would not let me do it. I love you and i did it. It was freezing. I dont think i wouldve done it. I know what its like to be afraid of heights. When you look down it is over. Cheryl it was so much fun. I was waiting on the other side to get jack landing and then i just waited and waited. I love how you said ill meet her on the other side of the bridge with your car. All about the car. You guys dont look cold. You need one of these hats that we head on this set here. We need those on tuesday and wednesday. Look what i have him wearing. Its more embarrassing than you not doing at the zip line. I dont produce the show. The day after chemo might mean a trip back to the doctors office, just for a shot. But why go back there, when you can stay home, with Neulasta Onpro . Strong chemo can put you at risk of serious infection, which could lead to hospitalizations. In a key study, neulasta reduced the risk of infection from 17 to 1 , a 94 decrease. Applied the day of chemo, Neulasta Onpro is designed to deliver neulasta the next day, so you can stay home. Neulasta is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta if youre allergic to neulasta or Neupogen Filgrastim . Ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. 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. So, howell. Going . We had a vacation early in our marriage that kinda put us in a hole. Go someplace exotic . Yeah, bermuda. A hospital in bermuda. A hospital in bermuda. What . What happened . I got a little overconfident on a moped. Even with insurance, we had to dip into our 401 k so it set us back a little bit. Sometimes you dont have a choice. But it doesnt mean you cant get back on track. Great. Yeah, great. Id like to go back to bermuda. I hear its nice. Yeah, id like to see it. No judgment. Just guidance. Td ameritrade. Welcome back a good friday morning everyone. It is friday february 2. The bears taking over. Futures and deep red this morning. Dow jones industrial average down. The futures are selling off for the third day in a row. The atlanta Federal Reserve new gdp forecast is calling for five. 4 growth. Is raising concerns and that is what is unnerving stocks. Another near four year high on the news. It is now 2. 8 as yields go up stocks go down. This is all ahead of the january jobs report out this morning. They are looking for hundred 80,000 jobs added to the economy. It was the text trifecta last night. They all reporting their Quarterly Earnings. Amazon is up 5 . A lot of other big names hitting the tape this morning. Revenue was a mess. The stock was at about 1 . Its on pace for the worst week since september 2016. The major indices are taking a cue from wall street. The cat chronic down one and a quarter as is the tax index in germany. Release the memo republicans are rallying before the document which reportedly reveals a government surveillance abuses. That is expected to be made public today. President trump just tweeted on the issue. Heres what he said. The fbi and the Justice Department had been politicized. The sacred investigative process. More this morning as the former fbi director is wayne in. He is condemning weasels and liars. Host is becoming the latest company to give its employee bonuses from the tax overhaul. Will he or wont he. They are bracing for another record. Whether the groundhog sees the shadow coming up. The green light on releasing the memo. Here is what the commander in chief said. They had politicized the sacred investigative process. Something that wouldve been on think about just a short time ago. The highly classified document as part of a smear campaign. They deserve to know the truth. It is really a spin designed to target the fbi. They are looking for a political distraction. It certainly sounds like that. Join me right now. To react. Ive seen your i have seen your analysis on this. Give me your take in terms of what we might see today. After months and months of unsubstantiated leaks, smears in the Public Relations battle. It isnt overwriting public interest. And for all of the crack and the democrats and their operatives i think what you cant hide is the hypocrisy. Of all of these open government groups. The watchdogs that have always demanded more transparency in government. Now citing to keep this information from the public. I feeling anybody on either side of the aisle would want to be able to trust their fbi and yet they had been so politicized we do not know that they actually have an independent approach to the election. You would think particularly progressive groups and activists over the years had been the greatest critics of secrecy among the intelligence agencies would be at the front door knocking. To demand to see if in fact it is true that these agencies have been weapon sized for political partisan purposes. We know that all of these texts they hated donald trump and they did not want him to win. They wanted him to go really it to go really well for Hillary Clinton. Do you think that insurance policy is in fact is in fact there. To investigate stuff that doesnt exist around donald trump. I think the simplest explanation is the best one. I have not seen the memo. I can connect the dots and it certainly does doesnt seem to be that way. And current fbi director Christopher Ray is saying this memo should be kept under wraps. The former fbi director tweeted this last night. All should appreciate the fbi speaking up. I wish more of our leaders would. Take heart American History shows that in the long run liars never hold the field. So long as good people stand up. A lot of hysteria and hyperbole packed in there. I think the crack weasel seems to fit. And im old enough to remember especially with regard to Media Outlets where they defy the fbi begging them to keep Sensitive Information classified because lives were at stake. Im old enough to remember when the New York Times defied the cia in disclosed the name of the enteric and defined the fbi and blabbed about Islamic Charity rates. It is a selective disclosure towards supporting it is a constitutional crisis and lets not forget this from the man who have his own idea of how he wanted the investigation to go. Let me leak this to my professor friend. That will trigger a special prosecutor to come in. The American People are going to want to demand after they see this memo in the supporting materials. This is just the tip of the iceberg. It will be the story of 2018. The fbi corruption at the top of the fbi. I want to underline that because its true. They had been besmirched by their leaders at the fbi. President trump will to her the Border Protections National Targeting Center today. What hes gonna see he is willing to walk away from an immigration negotiation if democrats refuse to compromise. I hope after i leave this room we will get a call from these people and say lets go. They talk a good game. Or we oregon head nothing at all. He has been putting out an olive branch there. At the least you probably probably loomed 3 million. These are unreasonable people and the deal has exposed the open border extremists and for for who they are. The trajectory has shown the empirical evidence is that if you put in the see above enforcement all you will get is more illegal immigration and he has a hold the line on the nonnegotiable pieces of chain migration it shouldve been done on its own after 911 and of course the funding for the border wall. And how did this come out and we want this for illegals. Forget actual americans who need the jobs in the support. Its pretty incredible that you could see in on this. Putting American Workers first to the International Human rights crime. Theyve gone way overboard and i think the left always demands too much and they are going to end up losing it. Up until now there has been a feeling that they are going to lose the majority in the house. All they want to do is resist, resist, resist. They have no plan. We see that corruption at the top of the fbi. In the Economic Policy coming in has completely changed everything. And look at the response as extreme as unreasonable as you couldve ever imagined. It does not even begin to cover what they were. To fly over americans. They are unifying. The nasty bile and hatred that came for the first lady for all of those inspiring guests that he brought. That night you watched half the room refusing to get up. Meanwhile today we have another company saying they are going to give money to employees during a long list of companies from the cash windfall. Of the tax cuts. It will provide 1,000 and 250,000 bonuses too more employees. They are going to raise the 4o1k account contributions. Its pretty incredible because its getting harder and harder to deny. Nancy pelosi may dismiss this as coffeecake crumbs but from the employees. It is a huge windfall. We just head to the atlanta Federal Reserve predict a 5. 4 Economic Growth in the First Quarter. We are seen the ugly face of that. Still have making sales of snap. And out of this world experience with an astronaut with the astronomical price tag. We are back in a minute. How do you win at business . Stay at la quinta. Where were changing with stylish makeovers. Then at your next meeting, set your seat height to its maximum level. Bravo, tall meeting man. Start winning today. Book now at lq. Com when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Welcome back into the investigation of the deadly train crash. The National Transportation safety board said witnesses have reported issues at the crossing where this accident happened. One even said the gates were not working correctly. As you know one person died and six others were injured when a train carrying republican lawmakers to a retreat slammed into a garbage truck and Author Stephen King actually mocked republicans after the crash. He is now apologizing for this tweet. On their way to a pricey retreat a garbage truck. King posted a followup scene a rather thoughtless tweet for me. For which i apologize if one is necessary and should be pointed out that to those republican politicians who can be heartless when they vote immediately got out to help. Animals and commercial airplanes dont always go well together. United is following in deltas footsteps by tightening its policy for emotional support animals. The move coming after an incident on sunday when it refused to let dexter a peacock on a flight from new york to los angeles and salami of the fly next month. And needs proof from the veterinarian that they have all of the necessary things. And they wont be a threat to anyone else on the plane. Plane. They have a store inside their app so you can buy a sweatshirt with the logo for 50 bucks or the famous dancing hotdog. This guy is pretty popular. Thats 20. It all starts today. You can get into the store by skinning exclusive codes. I hear you are a fan of the app. That was a lot of fun. Wall street lets take a look at the stock price. Shares are below the ipo price. They could soon be having the richest on the planet to outer space. They are selling space walks for 100 million. Market Research Shows that wealthy people are ready to pay for this unbelievable experience. It could get a discount. They dont need a discount. Maybe 80 million or 90 million. Is a Vladimir Putin get into it shirtless. That would get you to go . Just an idea. The bears are bears are taking over this morning. We have weve a selloff underway. This is serious business. The worst we can over a year. How in about an hour. The new concerns driving at markets lower. Coming up right after the short break. And just moments punxsutawney lexicon he felt will make his big appearance in just a few moments. Hi sweetie. Door buzzer hi. Smells really good. Thank you. More pasta. Hey guys. Hey how are you . You bring the wine girl. Some would shy away from throwing a big party in a small space. Guys, its a lot of food. But tonight, youre going to make the most of every square foot. With blue apron, any night is a chance to see what cooking can do. I see my royal shadow six more weeks of winter to go. Bill, there you have it. Punxsutawney phil saw his shadow so that means six more weeks of winter. I guess we were expecting that. Because its so cold and expected to get colder. Way to kill the mood this morning. Six more weeks of winter. As is market cells are. Deutsche bank under pressure. It ended another year in the red the stock is down 5. 3 after reporting a loss of nearly 3 billion it was hurt by the u. S. Tax law and that decline in investment banking. We want to look broadly at the sector right now. Joining us right now to talk about financials neil darr. The have of Financial Services and its good to see you. We had been looking at the Financial Service sector on the runway there. And we look at regulation the fact that we havent seen really the regulatory rollbacks hit the banks yet do you feel like we are entering a time that is positive for the banks. I feel like the rollback in regulations is coming. And Economic Growth about 5. 4 growth. That has to be a good recipe for the bank. Generally speaking i think they do feel very good about the marketplace as a whole. Did a pretty good earning season. They are going to a through a lot of different changes. A more stable type of fee. They are going through transformation. How they change their workforce. And how banking is done. They are going to massive changes. And a number of ceos have told us on this program that they are entering a time that looks pretty good. Watch this. We havent really seen any yet. The American Public should think of this as a vast iraq or seek which is like sand in the engine. To reduce some of that not rollback good regulations. We need to protect consumers. They know it when they go to the dmv. The Team Treasury working within the treasury within people that dont like the industry. They came up with a roadmap to rebound some regulation. Its one of the largest underwriters of the fund. We put in the money. We have the highest interest. There is a lot of rhetoric that is very negative into the business community. And lack of understanding i think what powered the economy. This type of rollback which is it everywhere is not irresponsible is really creating. Enormous energy. How you get an economy going. In the broader sector in the long term i think what we saw in the marketplace this week was there was a lot of different news coming out with a spike in rates. We are going to see what happens with broader Interest Rates over time. I dont get anything unexpected. The financials also sold off this week. It should benefit from higher Interest Rates going forward. Over the course of the year. I think what will happen with Interest Rates as it does have over 3 . Some level of increased volatility. But i think generally the bank sector itself feels pretty good on whats going on. People are finally getting higher paychecks. They are seeing more seen more in their paychecks starting this week. The homeownership Home Ownership last year up for the First Time Since 2004. That was in large part because of millenials and buying homes. Generally speaking again that optimism is creeping into the broader market. Its about five weeks in. You are starting to see what that means for main street along with broader business our community and regional banks are they feeling is good about banks as were seen at the big banks talking about. Having the Smaller Banks at the regional level get out at regulation. There is more of a appetite on a more efficient basis. And which businesses they want to be. Its a bit it is a bit of two different worlds. I think you will see more activity. Kind of working through what is going through that. I think it will be a good year for the financials. The momentum that has been carried through. Neil, thank you so much. Rebuilding puerto rico hundreds of thousands on the island are still in the dark today in the wake of hurricane maria. About the recovery efforts. A big spending on the big game. How much the average american is going to be shelling out for the super bowl. This is frank. Sup this is franks favorite record. This is franks dog. And this is franks record shop. Frank knowns northern soul,. Alzoom. Yup they hooked me up. We helped with his llc, contracts, and some other stuff thats part of running a business. So frank can focus on the beat. You hear that . This is franks record shop. And this is where life meets legal. nadia white the moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. dane chauvel sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. tom villa we took our world class network, and we developed devices to track environmental conditions. This device allows people to understand whats happening with the location, but also if its too hot, if its too cold, if its been dropped. Its completely unique. dennis woloshuck if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Who knew a tiny sensor could help keep the food chain safe . Maria welcome back, happy friday, everybody, thanks so much for joining us. Im maria bartiromo, it is friday february 2nd, top stories right now 7 30 a. M. On the east coast. Fear taking hold of the market this morning. Take a look at what we are looking at. Sharp selloff once again at the opening of trade, down 200 points plus right now on Dow Jones Industrial average, 1 . The nasdaq is down 36 points, one and a half of 1 . Concern about rising Interest Rates. The tenyear yield at fouryear high of. 28 . All hoovering around the jobs report. We are expecting 180,000 jobs to have been added last month one Employment Holding steady at 4. 1 . Anything can change with these markets with these numbers. Stay with us on this. They are expecting gdp in the First Quarter of 5. 4 percent. Take a look at this week, ib investors, the dow, nasdaq and s p 500 are all on track for their first down week of the year. Worst week in about a year, we are also seeing selling in europe, crack quarante better than 1 and in london down a third of a percent. Merck on the move this morning, key cancer drug driving profit and they were better than expected. The stock is up a third of a percent. Plus super bowl lii two days away. Justin timberlake is teasing us for halftime performance but comments about his son not playing football going viral. We will tell you about that. Makes it official. I see my shadow, six more weeks of winter to go. Maria find out how much this belt will cost you. First top story this half an hour, the recovery in puerto rico goes on, President Trump addressing the state of recovery on the island nearly four months it was ravaged by hurricane maria. He spoke about it during state of the Union Address earlier this week. Watch. To everyone still recovering in texas, florida, louisiana and puerto rico and virgin islands, everywhere, we are with you, we love you and we always will pull through together, always. [applause] maria meanwhile after mixed messages the federal Emergency Management agency fema announced that it will not stop supplying provisions to millions of Americans Still recovering from hurricane devastation in puerto rico. Joining us right now the governor of puerto rico Ricardo Rossello. Good to see you, maria. Maria first state of affairs today in puerto rico, please. Well, this is a long road ahead. Certainly weve already gotten out of the most severe part of the emergency, but we still have a lot of challenges regarding energy, buildup, food delivery to some of the areas that are still important. Thats why it was critical for fema not to stop of the delivery supplies so its its slow process, its a long process but we are hopeful that with the support of the federal government we will be able to push through not only get to the same place we were but to a much better place than before. Maria how do the people of puerto rico view the federal government . I think theres mixed views on fema, for example, has gotten a good remarks, the army when they came to puerto rico was very favorable, the Corp Engineers has gotten poor marks, its been a slow process getting the energy back together in puerto rico. Maria sure. There are some good things and bad things but the important thing if we identify them, we still have time to fix it and thats when well all get evaluated. Dagen please clear up the news about fema from earlier in the week, it was the day of the state of the Union Address that fema was going to stop new shipments of water and food to puerto rico and there were a lot of people regardless of their political affiliation who were upset about that but thats actually not the whole story, there are supplies on the ground that are still being distributed, can you clarify that . Well, there are two things, apparently a story broke out that said it was going to stop, we were very concerned because we already had a protocol, the protocol was as follows, we were going to be talking fema and the Central Government to the municipalities and figuring out when the municipalities wanted to stop food and water resources, at that point when they would say stop, we would have a twoweek transition period. A protocol was going. Some municipalities say its time to stop so we can kickstart our economy but apparently the story broke out. I called the secretary neilsen and she responded very quickly so i thank her for that and reiterated that the food and water was going still going to be provided although some regions in puerto rico are moving forward, there are certainly some others that need a lot of help. Governor, so you have the shortterm issue here obviously and we are all concerned about that, but you the longterm issue about how does puerto rico rebuild economy so their strength and sustainability, that was an issue before this in many ways, what do you say to that, what are you looking to do in months and years ahead to make sure you have a sustainable path forward . Well, its a great question. Actually the catastrophe although its been a challenge also presents an opportunity. Why, because now we can rebuild and think forward and be transformative, for example, we want a new energy grid, we dont want to sameold 1950s energy grid that was costly, in effective and wasnt giving Reliable Energy sources. I think right now we can leapfrog towards the future and be a model, we want a new school system. I know it doesnt sound like it has something to do with the storm but now as we start consolidating some of the schools, giving kids more access to better education, its a great opportunity. And i think that one of the critical components over here is how congress reacts, you know, we have been working with the federal government but ive been disappointed in the leadership in congress in terms of the path forward with the supplemental, there is a third supplemental thats being evaluated. The resources that are identified for puerto rico at the juncture are going to be critical for our progress. If we have the resources, then we can leapfrog, we can attend to our previous fiscal crisis and we have a path forward. Maria you want to privatize certain things. You look at the local power authority, the largest u. S. Power provider could be 4 billion in assets and that you want to privatize, tell me about that, you want to see more private Companies Come in and acquire some of these right now public assets . Well, it depends on what the objective is. With energy, we want a utility 2. 0 model, we want to have consumer choice, we want to have options instead of having an oldgovernmentowned monopoly running the show which hasnt worked. We have established that the best path forward is privatization, concession of transmission and distribution and i think there are a lot of opportunities, but, really, its not even the assets because we have ole generators, we have 1960s generators arent that good, really the opportunities to generate new and Cheaper Energy for puerto rico and for Puerto Ricans and thats an opportunity for the consumer and opportunity for the private sector to come in. So youve seen a number of Puerto Ricans leave the country coming to florida. How is that going to impact plans to rebuild the economy and move forward . It is we are working right now in a fiscal plan that has a strategy, that has a consideration on how the demographics are flowing down. But, again, my call is to congress to act swiftly on this supplemental bill because if we do have the resources then i can safely go to those Puerto Ricans that have left and tell them, hey, theres a new opportunity now in puerto rico to rebuild better, stronger, all of the changes that we have been speaking about for the last 30 or 40 years we can actually do them and we really want to do structural reform, we want to do a workforce reform, a welfare reform, we want to do infrastructure reform, Energy Reform that we just spoke about. We are talking about tax reform, reducing some of the tax cuts, the past tax reform on federal level did not apply much to puerto rico, so we need to keep our competitive advantage there. Maria theres a storyline going on going do midterm elections that so many people from puerto rico have gone to florida and theyre living in florida and and they become voters and the story line is this could hurt the republicans in the midterm. How many people have gone to florida and what is your sense of the impact on the election . Well, i think it can have a big imact and im hopeful for it and i will tell you why, right now Puerto Ricans are u. S. Citizens and we dont have a vote, we dont we have a secondclass citizenship unless we reside on the United States, so a lot of those u. S. Citizens from puerto rico that come to florida can have the opportunity to vote, now, i think that their is up for grabs, in my view puerto rico would have been a battleground state, and what theyre hoping for who has the better message and who helps puerto rico. A lot of these people have to leave puerto rico so its very fresh on their minds what the problems are and if they see friends of puerto rico, they will make sure to help them and if they see that oppose puerto rico, they will oppose them as well. So what ive been doing in the past couple of weeks is ive been identifying several states, we have gone to florida, we are going to be here in puerto rico, we will go to pennsylvania and other places to establish a structure where Puerto Ricans and friends of Puerto Ricans can organize so they can vote for those who have been friends, look, i went to florida, we had a town hall meeting and it was great because we had, for example, senator nelson but we also Governor Scott showing that the important thing was how do we treat u. S. Citizens that live in puerto rico equal equally and fairly a how do we help them get through the storm. If we can get that support and that power, maybe we can have some changes in congress. Maria well, the president mentioned it in the state of the union. We will be watching the developments. Governor, good to see you. Thank you so much. Governor Ricardo Rossello there. Justin timberlake says his son will never play the game, a tenth of the gains for ten times the price, a denim waste belt is going viral, how much the fashion statement will set you back . Back in a minute. Pssst. What . I switched to geico and got more. More savings on Car Insurance . Aha. And an awardwinning mobile app. That is more. Oh, theres more. Mobile id cards, emergency roadside service. More technology. I can even add a new driver. Right from her phone geico. Expect great savings and a whole lot more. A trip back to the dthe doctors office, mean just for a shot. But why go back there, when you can stay home with Neulasta Onpro . Strong chemo can put you at risk of serious infection. Neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. In a key study, neulasta reduced the risk of infection from 17 to 1 , a 94 decrease. Applied the day of chemo, Neulasta Onpro is designed to deliver neulasta the next day. Neulasta is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta if youre allergic to neulasta or Neupogen Filgrastim . Ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. 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. Lauren simonetti with the details, lauren, good morning. Lauren hey, maria, investigators are telling cbs48 horses that wagner is a person of interest and now call her death suspicious, one of the witnesses reported hearing yelling and crashing sounds from the couples room, wood was on a yacht with wagner and after night of drinking the body was found off of catalina coast. Theres a changing of the guard at sony and wall street seems to like it, ceo is stepping down after he let a turnaround in the company, hes going to be replaced fbi cfo, yoshida, ceo, Market Leader and consumer electronics, the name behind walkman but it lost the race to newer Companies Like apple. Take a look at shares of sony, they are up in the premarket by 7 . Told you wall street likes it. How about this one . Ahead of valentines day max. Com says austin is home to the most misbehaving men. Match. Com find out that austin men 49 to go to go someone, never texting them back even though they are dating. They are also guilty of breadcrumbing, dont thank nancy pelosi, you leave crumbs even though you are not really interested in them and finally, someone who used to be a ghost but then turns up out of nowhere to hint that they are interested again. [laughter] lauren apparently men in austin are about 300 likely to do that. Bread crumbies to zombies. In fashion, we are not done yet. Its a short skirt, no, its really a belt. The denim craze thats sweepingg the internet. Youre supposed to wear it over baggy clothing but please tighten your financial belts to pay for it, 405 bucks. 405 bucks, ci make that. Maria i have ten pairs of jeans that i could go cut up right now. Dagen i know this brand they have distressed shirts that are 400 500. By the way, that belt to a kardashian is a skirt. [laughter] maria you could wear it both ways then. [laughter] maria all right. Coming up next Justin Timberlake striking a cord ahead of his super bowl halftime show, we will bring you the tease that he brought us yesterday and what the musician says his son will never play football. Cheryl casone and jack brewer live from minneapolis building excitement ahead of the game. [laughter] dagen he has a brady jersey on. [laughter] maria all right, we will get back to cheryl and jack coming up. Use im retired now. So . Were voya. We stay with you to and through retirement. With solutions to help provide income throughout. So, youll still be here to help me make smart choices . Well, with your finances that is. We had nothing to do with that, uh, tie. Or the suit. Or the shirt. Voya. Helping you to and through retirement. Stay at la quinta. Where were changing with stylish makeovers. Then at your next meeting, set your seat height to its maximum level. Bravo, tall meeting man. Start winning today. Book now at lq. Com we use so why do we pay touters thave a phone connected. When were already paying for internet . Shouldnt it all just be one thing . Thats why Xfinity Mobile comes with your internet. You can get 5 lines of talk and text included at no extra cost. So all you pay for is data. Choose by the gig or unlimited. And now, get a 200 prepaid card when you buy an iphone. Its a new kind of network designed to save you money. Call, visit, or go to xfnitymobile. Com. Maria welcome back, two days away from the big game but the party has already started in minneapolis for the super bowl. Cheryl casone and former minnesota viking and ceo of the brewer group, jack brewer, checking out super bowl experiences in minneapolis which include sleigh rides, good morning to you. Youre having way too much fun this morning. Cheryl i know, maria, its already a fun morning, a lot of fans are here in the nfl experience, first i want to get to the big news yesterday we heard about patriots tight end ron gronkowski, big question was he was going to make it through concussion protocol with his team doctors, listen to what he had to say about super bowl sunday. Every step by step every day and everything went smooth and officially got the word that i was cleared and ready to roll. Cheryl all right, gronkowski is going to be playing on sunday for the patriots that was one story, the other story jack and i were talking about earlier, Justin Timberlake, halftime performer, was asked what he thought about football and child, his answer through reporters for a loop, listen. He will never play football. Yeah, its kind of like the thing where my Main Objective is that he become a great person. Cheryl so obviously jack said the same thing you dont want your son to play football as well, thats what Justin Timberlake as well. Why tackle football . Once you have resources of Justin Timberlake, his son doesnt need to play football to go to college so whats the point . Cheryl biggest news was the that the hometown jack brewer took me on a sleigh ride pulled by a brandnew ford f150 and you we wanted to show you your town . My city and i played for the vikings and hopefully you enjoyed it. Cheryl roll tape. Jack, we are in we are getting towed right now in a sleigh. Yes. Cheryl by a ford150. Toughest sleigh in the world, right . Cheryl might be. If you notice we have a skyway system, so this is a largest skyway system in the world, connects thousands and thousands of square foot of ability space and you can literally walk from building to building all around the city. This is economic power in our country, some of the lowest Unemployment Rate in all america, you have probably more fortune 500 Companies Per Capita than in any other place other than like new york and some of the others, luckily we have indoor stadium. They can make it outdoor because we have amazing sliding glass where they can open it up and play in the element, the rooftop is seethrough material, makes you feel like you are inside. For spect at a timers Walking Around is pretty brutal, its about 5degrees outside, but it wont matter once the game starts because once the game starts, plus its indoors they will have fun and enjoy the moment. I will pulling for the eagles, i went with a few guys to college, i will watch the game and try tone joy it. Cheryl of course, that was Anthony Harris who plays for the vikings, you played for the vikings, its got to be hard for them to go out and not play on sunday. Maria, we have our warm hats ready to roll through the weekend. Maria how cold was it, cheryl, how cold was it when you were in the sleigh . With the windchill factor very cold, maria. Maria youre a minnesota man. Time honor tradition of a polar plunge. Maria do it now. Do it now. What do you say, jack . You know what, brian, you told me that you were coming here to do that. [laughter] cheryl brian, i chickened out. I talked about it before we came, no. I cant do it. This is the chance. Maria she does a lot, cheryl, look at the courage she had earlier hanging on that. I have to give it to her. Maria sure. Dagen. Maria we are glad the patriots jersey is gone, thank you, cheryl. No doubt. Maria we will be right back, minutes away from job coverage. Stay with us. With expedia, one click gives you access to discounts on thousands of hotels, cars and things to do. Like the Royalton Riviera cancun for 54 off. Everything you need to go. Expedia. Maria welcome back. Good dpri morning. Thanks so much for joining us this friday i am maria bartiromo. We have breaking news this morning, it is jobs friday, february 2, your top stories right now 8 00 a. M. On the east coast, the january jobs report due out in 30 minutes from now economists looking for 180,000 inside jobs add aed to economy miniof january expecting Unemployment Rate to hold steady 4. 1 we will have numbers as soon as they hit the tape give you the impact ahead of the report bears taking over wall street, futures are deep in the red this morning we are right around the low of the morning right here down 226 points, this despite the fact atlanta Federal Reserve came out with a new gdp forecastlast night, it is calling get this 5. 4 Economic Growth First Quarter raising concerns of fed tightening in face of rising inflation, and higher Interest Rates, the dow on pace for the worst week since september 2016, a little bit unraveling going on take a look why 10 year treasury yields up another fouryear high this morning, now, at 2. 79 a minute ago at 2. 8 this is what is unhe nerving stock investors, a tech trion wall street apple amazon alphabet reporting Quarterly Earnings apple up, amazon check out amazon up better than 6 right now, google apparent alphabet down 3 1 2 , several big names hitting the tape with earnings, including sprint, earnings and revenue topped expectations, sprint in that stock is up 4 and a third percent right now european indices mixed to lower take a look we see declines is between a third of a percent on ft and 1 and a third on dax in germany in asia overnight, markets closed mostly lower exxonmobil numbers right now a miss exxonmobil as you see 88 cents a share versus estimate of 1. 04 a share a dow component going to take dow even lower, he asian markets mostly lower with exception of china up a half percent, then there is this. Bitcoin taking a tumble again cryptocurrency now below 8300 dollars, it dropped below 8,000 for the First Time Since november, very latest amid a regulatory crackdown for bitcoin, release the memo already republicans rallying for document o reportedly reveals government surveillance abuses at the top of the fbi, this memo expected to be made public today. This he memo comes out, the American People i think will see very clearly, what the fbi told the court to get that secret warrant and what they didnt tell the court to me that is critical particularly when this all happened in the context of a you know campaign for the presidency of the United States. Yep they used unverified document as justification to spy on donald trump before the election, more on that coming up, former fbi director jim comey weighed in hand on is his watch he said there are weasels and liars out there bundle up you Punxsutawney Phil saw assist hood six more weeks of winter. Joining me dagen mcdowell, Kings College business economics professor Brian Brenberg investment strategist lindsey bell host of making money Charles Payne here. Great to see you. Great to be here i am excited. Lot happening we have had great so far only 8 00. Still to come jobs numbers an event especially on wages love to hear thoughts. Dagen what direction that is market going to move stronger than expected jobs could mean downside. Short term no way in the world anybody investing in Great American companies ultimately wants a weak american economy, i am telling you you talk about wages we saw wages wage report coming up private sector wages through the radioactive through the roof wages up first time in a very long, long time amazing and driven like maintenance workers up 3 1 2 transportation material movers, Leisure Hospitality up 3. 8 food serz up, across the board, so you know i am extremely excited, Consumer Confidence through the roof, manufacturing through the roof, construction through roof. O you are not tired of winning yet. Getting started just is getting started. I am going to say this people are seeing more money in their paychecks but tweets about it all day long, people here, in the studio they are paychecks fatter bhop at home is sitting there going, you know what i really wish nancy pelosi had [laughter] i really wish had control of this money, nancy pelosi make decisions . Calling it crumbs. [laughter] best nancy pelosi come on do it. Do it right now. [laughter]. Sitting there state of the union with a smirk on, by the way, excuse me atlanta Federal Reserve is out with new gdp forecast 5. 4 . Armageddon . [laughter] yeah, playing of locusts on this country she said end of the world crumbs pieces of cheese. Is Economic Growth since Third Quarter 2003 serious numbers. Since the get a recession you know Quarterly Report phenomenal stuff you talk about consumers last night the makers of ugs reporting stock through the roof apple earnings, the average selling price 79 6 dollars 100 more than a year ago what does that say people are paying 1,000 bucks for i. S phone ii. I iphone consumers committed spending money. The culmination number gop in Fourth Quarter is extremely high 3. 8 , they were spending money on clothing, apparel. Domestic spending, by the way, we would have hit the 3 if it was want for trade ironic because that the getting all the heat because he mentioned, benefits of the weak dollar there are some benefits, of a weak dollar particularly in global economy, you cant tell not to be is lay shunist not to have a competitive currency. You import inflation send Interest Rates higher in country infant afford higher rates because of the massive debt we are running my issue. No there is a rule book for treasury secretarys in this administration old rule books from president on down. I caution some of the secretaries thinking they can play President Trumps rule book and they should not . Get away with it but dont talk down the greenback. It is true this administration basically said what every administration thinks. Come on. You know every administration wants a weak dollar, we stand by a strong dollar. Competitive currency. I want to ask the question we asked the top of the show, and that is can the economy do better and better and better 5. 4 growth wages going up also the stock market going up at the same time . Given the fact we know the implications, things get better rates higher people say i want to sell stocks rates going higher . Absolutely, thinkaking a huge mistake if they were to sell i any sort of nearterm blip, listen i looked at the peaks past peaks, 1980 market peaked Interest Rates 10 year at 12 . 12 . Has been 6 over 4 , i have never seen a market crash at 10year yield at 3 i dont know how you that became a magical number. Context matters 2. 8 is freaking people out 2 inflation is freaking people out, we have investors i think forgot what normal looks like that seems to be a never seen a selloff. 2. 4510 year, 30 days ago, that is a problem. Concern, perhaps. How fastmoving i agree. A Balance Sheet that is still totals roughly four trillion dollars fed is going to have to unwind. Yep. That is that is unprecedented i dont any anybody woen knows notten running the fed understands implicates short term and long term Interest Rates. I sold two days ago huge profit i feel stupid. You dont want to get greedy an excuse litten up a little you are talking about 8 trillion dollars market value gains since election. Hello. Fiery new payers of ugs. Okay. So we got jobs number out 20 minutes we are expecting 180,000 jobs to be added to the economy stay with us a special jobs coverage this hour, issue first turn to washington, President Trump set to give the green light on releasing controversial fisa memo could be made public today blake burman live at white house with the very latest there blake, good morning. Reporter good morning to you as well right the president is expected to declassify this meaning could come before the American Public at some point later today. The president has not yet at least publicly commented on this memo contents thinking but once again this morning, he took direct aim at top brass within department of justice fbi tweeting out quote, the top leadership investigators of the fbi and Justice Department have politicized the sacred investigative process in favor of democrats and against republicans. Something when would have been unthinkable a short time ago, rankandfile are great people, now this memo will likely be released through official channels on capitol hill, where there is a distinct partisan divide. What it is the congresss legitimate function of oversight to make sure that the fisa process is used correctly, and that if it of his being used correctly that needs to come to light people need to be hel accountable. This memo is a spin, designed to tar fbi and tar the department of justice. Fbi said it has grave concerns with this memo, and last night the former fbi headed jim comey took to twitter to defend institution itself, writing get all should appreciate the fbi speaking up, i wish more of our leaders would but take heart American History shows that in the long run, weasels liars never hold field so long as good people stand up not a lot of schools or street names for joe mccarthy. Back to you. Maria drama there blake thank you so much blake burman latest take a break to look at bitcoin selling off again this morning following increased regulatory crackdown future of cryptocurrency going to look at next down 413, now 8610 got all the way to up close to 20,000, we are less than 20 minutes away from january jobs report we are breaking down what you need to know, for jobs you will identify where the Job Opportunities are back in a moment. Today, smart planning is helping the new new york rise higher than ever. As the world leader in unmanned aerial systems, were attracting the worlds best talent to central new york. And turning the airport into a firstclass transportation hub. All while growing urban areas into vibrant places to live and work. Across new york state, were building the new new york. To grow your business with us in new york state, visit esd. Ny. Gov. Calling on employees to rally behind mime amid Sexual Harassment allegations, lauren. Audio recordings of a Company Meeting obtained by the wall street journal, capture wynn telling employees that he considers them family adding that family culture made the company great, he does not address allegations directly but questions how the company had such a good reputation if a culture of Sexual Misconduct the journal describes allegations by dozens of people who worked for wynn over years hit stock a big way last week this morning, in premarket, shares down 1. 3 . What else is down . Bitcoin, one point the Digital Currency below 8,000 dollars from alltime high of nearly 20,000 back in december. Bitcoin under pressure following intense regulatory scrutiny. Longer 6 more weeks Punxsutawney Phil saw his shadow means six more weeks of winter ground hog the recognition offering predictions since 188 7 phil only right 39 of the time take that with a grain of salt, i am praying for early spring, what about the super bowl fiona making her pick cincinnatis zoos celebrity hippo, with new England Patriots logo does she stay there no the chomps on lettuce on top of a bus with Philadelphia Eagles logo. So fiona picks eagles . Or patriots . What do you guys think . Yeah i dont know. What do we think . All right. We are not going to say hold our predictions right now lauren im sorry, we will take a break and january jobs report we will be right back, numbers come out in about 15 minutes. Maria welcome back we are waiting on january jobs report due out in about 9 manipulates estimates call for job growth for the month january of 180,000 jobs, added to economy lastminute, Unemployment Rate is expected to hold z 4. 1 joining us now, joining the conversation is bridge professional Staffing Division president joaniecourt to me Global Economics editor for the wall street journal Jon Hilsenrath. Great so see you joanie you know what i want to know identify for our audience viewers where are the jobs in come back to that, dont tell us yet i want to know where big opportunities are by the way, where are the highpaying jobs also i think viewers want to know jon what are you expecting from todays report. The consensus is 4. 1 unemployment, 180,000 payrolls i dont know above or below that but i will say a delicate moment for markets, case long term Interest Rates have been rising if we get a number very far out of the consensus we could see big moves in stock and bond markets today. Lets basically choreograph the backdrop we heard from atlanta Federal Reserve last night the First Quarter Economic Growth 5. 4 , we know from from lindsey bell earnings are going to be what in 2018 . 16. 9 right now expecting closer to 20. 20 Earnings Growth 2018 what we are talking about this morning. Dagen an economy that is in fuego quite frankly you saw weaker than expected 148,000 for december, i thought a lot of that might be businesses holding back on hiring until they were sure that tax reform was signed, and sealed and delivered. And knowing exactly what was in it so maybe i would be revision if the job market is too hot Unemployment Rate what if it falls below 4 . Something that fed doesnt expect to happen until the towards end of the year, if it happens earlier you could see higher Interest Rates a lot higher lot faster. Markets selling off this morning. One thing i mentions athat is actually been extly what has been haening several years now the Unemployment Rate, has consistently come in below the fed estimates, so i think, there is a very good chance we will see that, before the end of the year. And you know, kind of like the bond market vigilantes coming back from 1990s could push up long term Interest Rates a real issue for stock investors. Joanie weigh . I have to say do i think unemployment definitely is going to trend down, into 3s i think that will impact certainly what the fed is going to do. But today is going to be really important to look at you know what is happening with wages, certainly. Were there revisions to december report . Was it stronger . I think that is an important number to focus in, and then, of course, where are the jobs being created what sectors are hiring i was indefinitely expecting we are going to see good numbers from manufacturing, and hopefully construction as well. That is what we were expecting, all right hold on the numbers coming out after this break stay with us. Then at your next meeting, set your seat height to its maximum level. Bravo, tall meeting man. Start winning today. Book now at lq. Com i cannot imagine managing my diabetes without my dexcom. This is the dexcom g5 mobile continuous Glucose Monitoring system. A small, wearable sensor measures your glucose every 5 minutes and sends the data to a dexcom receiver. Dexcom helps lower a1c and improves quality of life. If youre over 65 and you have diabetes, you should have a dexcom. If you get a dexcom, youre going to be very glad that you did. Visit dexcomnow. Com to learn more. Maria welcome back big nice coming out about 3 minutes we are breaking news this morning, with january jobs report the economy expected to have added 180,000 jobs, to the economy month of january, the Unemployment Rate is expected to hold steady at 4. 1 markets focused on this number about because they will indicate whether or not we see more Interest Rate increases and Interest Rates moving up we are looking for serious selloff wall street dow industrials down 220 points, right here charles your thoughts on this market whether or not this market can trade up even in face of the economy ghoeth better and better forcing rates up. Ultimately market will trade up because economy Getting Better nearterm profittaking digesting knowledgeable move last year that is okay happened in the past, i would caution individual investors 401 k s not to try to play wall street trading game or fast money game, and sort of invest on the underlying strength of this economy, because locker room that is long term driving first 25 numbers company that reporting 81 beat on top line looking at that more than earnings these days, and i am confident i am not sure what today will bring we are gyrateing so much so much anxiety out there thinking numbers going to be huge 210,000 jobs, i think fiona wearing new England Patriots jersey last time we met. Top range 230 i think maybe the worry warts in this market worry about Inflation Higher Interest Rates that is a number to watch for. Watch wages, right so we are expecting, that wages are supposed to be up 2 so of a percent month over month, 2. 6 lindsey bell year over year. 2017 wages up 2. 6 average each month, last year so not a big surprise i dont think that we are going to see big surprise in the wage number because productivity that we got this week, has been down. Maria a. I think you have to see is a surprise in the wage number to make any other numbers really matter in other words, if in if unemployment drops below 4 i dont think the markets carries that much unless you see wages up a lots then they start getting nervous about inflation so me the wage number is the mooed fie oer on Everything Else. The point rates last time you said 12 . In what is consider. 6. 66, ominous but a lot higher than where we are now. Get to numbers, at the labor department, to get these numbers as soon as they hit the tape again, we are expecting 4. About 1 4. 1 , 180,000 jobs Adam Adam Shapiro with numbers. 3, 2, 1 broadcast. 200,000 jobs, u. S. Economy added 200,000 jobs in Unemployment Rate, remains z 4. 1 , 12017 average 2017181,000 jobs per month december revisions net loss rather up 12,000 jobs november revisions loss of 36,000 jobs, two months net loss 24,000 jobs, Participation Rate 62. 7 that is the fourth month in a row the u6 ticked up slightly 8. 2 from 8. 1 , average workweek declined 2 10 of a to 34. 3 hours average hourly wages up 3 10 of a per alienate up 2. 9 last time wages grew at that rate was june 2009, average hourly wages up 2. 9 construction job creation 36,000 jobs up, and unemployment construction has fallen, from 9. 4 to 7. yearoveryear food service added 31,000 health care up 31,000 jobs manufacturing up 15,000 jobs, little change in mining, retail financial activities, professional Business Services black unemployment rose to 7. 7 from 6. 8 asian unemployment up from 2. 5 to hispanic up to 5 from 4. 9 white unemployment down, to 3. 5 , from 3. 7 . One last thing, there were the benchmark adjustments that they make every year a testament to the cup offing crunching not about economy 1 10 increase in benchmark march added 146,000 jobs you look at december to december adjustment with benchmark 2017 total job creation 2. 1 million jobs, that was up from are 2,055,000 jobs back to you. Thank you very much labor department, 2. 9 wage growth headlined unemployment Africanamerican Community higher big move up your thoughts. Dagen i was going to say inside population controls in the Household Survey used to comprise all rates number ployed unemployed continue be directly comparable between december and january we have the dig into numbers more a solid jobs report Market Reaction dow futures down 200 points, going into the jobs report, we see the selling pick up a little bit now effect that 2. 9 wage growth it you start to get into 3 range you have the bobbing worey warts worrying more. Main street wall street decide so main street size finally we are seeing wage growth again, we are happy about that, about good for economy wall street looks says we have inflation coming, weve got Interest Rates on the rise, this is going to be bad for the stock market, so you have a main street wrote a divide the average american should be happy buyers in stock markets probing not happy. 2. 83 rates moving up going to unnever been markets Jon Hilsenrath thoughts. There is a lot of numbers flying aaron, two numbers that people need to focus on first one is 200,000, the payroll number strong supports idea weve got good growth in the First Quarter like atlanta fed has been estimating, the other number really important here is 2. 9 you talked about it wage growth number looks like we are finally starting to see a tight labor market give workers more bargaining power, bigger wage increases good for workers bad for bond marketing. Why are markets complaining about this this is a good story charles pain so that a great story, again i would indication investors, to be cool about you know, reactsing to so many kneejerk i would have been shaking out of market a long time ago this is good particularly wages unemployment cost index out this week we saw you know some jobs, transportation, material really, jobs like that are paying big time money construction number, was a record right in december 1. 25 trillion driven by Residential Construction 46,000 construction jobs rebuilding the country amazing stuff heartland. Joanie courtney wages largest annual gains 8 harvey years what jobs have highest wages give your he sense where jobs are, where the highpaying jobs are. You know what is interesting maria, of course, the highpaying jobs, definitely in the professional bess service sectors, engineering, finance and acounting nursing we have seen a lot of movement, in wages and in that area but, again, we need to remember, this report, of course, is looking at hourly wages. And we are finally seeing those great numbers come through a lot of those jobs might be on the lower level skilled positions, so you will see drivers maybe being included in this. Warehouse workers logistics manufacturing construction, and that is where we are seeing movement here, so i actually feel like this reports is one was the best reports that also gives a goods reality of what i see happening from employers candidates it is a marketplace, we have been seeing a Strong Demand certainly for jobs, and skills all sectors but as we have also been seeing wages move so i feel good about this report i think a good accurate picture what is really happening on the front lines. I think a good report, too i think that 2. 9 wage number that we saw, we need to see how that is the next few months 18 Different Companies raised minimum wage we need to see wages rising in middle class not just the low end. Maria good point. That is something to watch as we move forward. Dagen we do have a markets selloff, right, we have higher Interest Rates does unnever been investors in part because that what you get paid to own 10 year treasury guess into how you value a company if you have rising wages to have you the start looking at that does hurts earns of a company do you have to start looking at sectors individual Companies Based on what their costs labor costs are, and witnesses that might be able to control it better, companies that might benefit from interest consumers feeling more flush. We have been in like a two decade slide real wages, i mean honestly, it is you know, i think the idea that the fed, or anyone would be spooked by a a 2. 9 yearoveryear increase is i barely hovering bother inflation most americans will kel you not keeping up with inflation, not keeping up with amount of money they pay for kids, college, it is not keeping up with all the things, so i just you know, i think maybe on corporate side could be an issue, but for the economy itself, this little by they i call green chute decade sliding wages would be nuts in my mind let american he economy evolve. This markets has worsened down 250 right now. I think making it is down 250 a lot we are in a record we just to your point 8 trillion dollars added to market let it come down sometimes, let there be more baby, come with me. [laughter] i want to buy in. Buy the dips. A good point what is going to mishap short term and long term in the market we focused a lot on stock market, this year and last year, what really matters, is the real economy. And what is happening in the real economy is wages are going up, you are seeing gdp growth i think working celebrating saying the particulate is going to catch up with that, and come back to realities when it starts to understand were not going to be in lowInterest Rate environment forever. We like green rather than rode celebrating but worth pointing out the president has celebrating this recordbreakinging run in market taking credit for it frequently on twet were not only ones. He should continue to take credit for Economic Growth story that is for sure. He cant say on down days i dont like the market it is we are huge, up huge and the idea that it pulls back a little bit i really think we are consolidating. I am not suggesting the beginning of something worse to come, but i said repeatedly you try to take credit on the way up you own it on the way down if you are president of the United States. Although you have to go down a whole lot for him to not want to take credit for it. Yeah 8 trillion dollars market value since election, that is a lot to reverse. I know maybe, maybe some Mainstream Media people will poke fun the reality is i think people very happy with 4 o 1 ks, happy with increases before numbers came out talks of tax plan i think in rights for midterm election. Three rate hikes this year or more than that Jon Hilsenrath what about this unwind 4 1 2 trilliondollar Balance Sheet he will the fed break up the party here . Well, you know, i think with the report like today, the prospect you see prospects of more than 3 fed rate hikes possibly four, i mean i think fed starts to think we see wage increases picking up if you see Unemployment Rate, getting down under 4 the fed has to start thinking about, the economy, over heating, as far as Balance Sheet not too worried about that telegraphed that for a long time, that is kind of on auto pilot. I do think it is contributinging to what is going on with bond yields rising a little bit a lot of things going on in bond market in addition to economy picking up we have budget deficits, heading towards a trillion dollars a year at a timing fed is buying less so i think that does contribute a bit to the increase that were seeing in bobbing yields i bond yields i dont think it is a catastrophe. Fiscal stimulus all about fed 10 years with stimulus zero percent Interest Rates negative rates. I think the market is pricing in for rate hikes i know fed has communicated they plan on three. But the market really is pricing in four so that is why you are seeing that 10 year up a mr. It. Better job communicating but sudden move by Federal Reserve, fed matters if it makes a mistakes i think i remember my first year in financial journalism 1994 where fed suddenly raised Interest Rates a lot in the year you had all hedge fund blows, david, and bankruptcy of Orange County because all derivatives so i am not suggesting that is would going to happen but, again, comes to Interest Rates, and Federal Reserve policy, they are better at communicating now that they can make a mistake. Janet yellen made that right hike two des ago felt like trying to prove independence from wall street first two weeks in january like ever, market finally turned around. Turned out a great year. Yeah, i think sort of a warning to her i think may be her the folks who followed her. You cant disguise the fact jay powell begins monday. Jay powell a at the wheel on monday. Joanie courtney what does this mean to real people viewers at home want to understand the takeaway here. You know, and i hear you all talking about the fed i have to think about our tax policy what it is meaning to employers what we hear from our clients, is their optimistic about hiring, they are investing in their business, and infrastructure, and jobs, they are looking to add to their payrolls i think a greet thing for the american worker. Again, those jobs though that are going to be created, a lot of them are skilled positions, where people are going to need education, specialized training, you know even the trades are so important right now. So i can tell you maria from employers small medium largesized employers they are really focused in on tax reform and how to benefit their business how they can invest back in their business, so i think a good thing, at least for the next you know year or two, i would be optimistic about that. I have a question for you, from the people you are talking to there was a report that came out earlier that this Week National federation of independent businesses Small Business cover Small Businesses they are saying looking to increase wages for employees not only to attract new employees but retain current ones i think that is very important, the companies are looking to raise wages for current employees is that what you are hearing and seeing from where you sit . Absolutely what we are seeing certainly, Small Businesses in particular know it is extremely competitive, as we see, this Unemployment Rate tighten, even lower and i do think it will go down in the 3s it will only become a more competitive environment and we are seeing it in all Industries Sectors i think we will continue to see pay raise increase and Companies Really focused on Employee Engagement retention, because otherwise they wont be able to grow that could hold them back so you i do see the same trend. We want to get to nicole for a of exaggerate who exchian who thinks the markets is up i would not be surprised to see this turn around this is a good story. I think you are one hundred percent right with volatility that we have seen, this week, when we have not seen over the lasts six months, we have seen really increased volatility the traders perfectly fine with it selling ekts to some if i understand had too much, in ekts accuse they up jumped so mump january had to sell off but guess what took a bought them when they started to sell off, you know amazon yesterday was 1358 look at bid ask near alltime highs so there is so much going on with this volatility, i dont think they are ready to jump out i think people taking profits on the heels of jobs report we saw best wage growth in 8 1 2 years hooray we love that for American People treasurys falling dollar gaining chevron exxon under a bit of pressure we are paring some losses as we speak. [laughter] it is incredible jon a good story is being seen so negativetively i dont know how you dont buy into america when america is stronger. Even dollar is rising. Well, you know, i think a lot of good news was priced in, in 2017. And the question is what happens next. There was this conversation about fed how does fed respond to this, you know what i would say big mistake the fed made in 2004 to 2006 period it went on auto pilot when Interest Rates didnt respond to an economy that started overheating the big question for jay powell new chairman of the fed is does it respond to economy that picks up pace, and i think if it does, we have a much more complicated backdrop for the market this year than we did last year. We have a mix not all tulips, rosses concerns whether Interest Rates get in the way of all this. All right. We will leave it there jon thank you very much joining the conversation, appreciate it, weve got joanie on take place Charles Lindsey as well as brian dagen right here more on january jobs reportat the short break stay with us. A cow oh theres one. Manatees in novelty ts . Surprising. Whats come at me bro . Its something you say to a friend. Whats not surprising . How much money matt saved by switching to geico. Fifteen minutes could save you fifteen percent or more. Going on this morning january jobs reports is out, the economy added 200,000 new jobs january beat economists expectations, the Unemployment Rate held steady 4. 1 about a 17year low, bring in host of Varney Company Stuart Varney get this is thoughts here stu good morning to you of a good morning, maria. You know the number that i am looking at is wages. And the rise in wages. Yearoveryear, 2. 9 , i believe that is the fastest rate growth for wages in several years. And i think that may be pointing the way towards a little inflation in the economy. And that in turn is pointing the way to higher Interest Rates, i think weve got 2. 83 10 year at this moment why i think the dow down what, 190 points to me that is a fascinating number, about near 3 gain in wages after a long period of near stagnation i think that is big news. Maria if i may there is one other number that i am paying a lot of attention to, and that is from the atlanta fed, they are looking at 5. 4 annualized growth rate in the First Quarter. That is is are they outliers . I have not heard anybody certainly not the Reliable Authority like the atlanta fed suggesting 5 growth in fird quarter annualized im not heard that those are two numbers wages it is a atlanta fed. Headlines this one hundred percent. I will buy dip any day of the week economy has 5. 4 by that dip. Atlanta fed went up guys manufacturing construction numbers before yesterday they were 4. 2 they went to up 5. 4 because of the amazing strength in construction manufacturing number two things by the way, the 200,000 dollar 200,000 number might send their number higher look for atlanta fed may be 5. 5 . Holy moley. I have another number share price of amazon be expedite selloff amazon likely to open alltime high i know you love that. Most fascinating Exciting Company in the world bar none. You have been calling it. An extraordinary company, i believe that based on the current stock price of amazon, jeff bezos made another six billion overnight and now worth i believe somewhere in the nature of 123 billion dollars, that is news. Wow. Whether you like the guy or not that is news. Yeah, you know what i mean you could say, amazon, what is it i mean a Delivery Company big deal but you know what they just do it had better. A conglomerate. They do it better. Big tech don glom rather fingers in all kinds of industries fascinating 1472. 58 interday record yesterday. Amazon pretty good stuff we see you 10 minutes, Varney Company after mornings with maria jobs day we want to hear from hardworking americans right now jeff flock, is at manufacturing plant in Rolling Prairie indiana. Job creation in manufacturing. Reporter feeling it out here why out here this is a place called they make what is called flefk pvcs i i dont know if you can hear me that is what that is pvc, the ceo of the company, actually finding if you put numbers up unemployment steady lot of job creating under President Trump finding it hard to find workers. We are finding it difficult the number of applications we take on a weekly basis reduced by about 70 . You o got to jack up wages. Moved up a little bit, to try to compete in the marketplace. Show you the process out here, you work for largest privately owned Staffing Firm in the xun you are finding what jack is saying; right . That is correct finding job growth out pervasiving the available workforce, outpacing the workforce, millions of able bodies sitting on side lines we need to get them into the workforce. I was going to say labor force participation, still down, you know fair and balance here, if you look at the trends over of last 10 years, you know unemployment coming down over the last 10 years. But labor force Participation Rate has not improved. Its has not. A white paper identified seven barriers for getting people back bioworkforce includes transportation issues child care elder care. Good problem to have maria as i show you, flexible pvc you need people to do it maybe they will get a raise. I love it because humans doing its not robotics that is a whole another conversation we need skill sets training for that jeff flock thank you so much final thoughts from joanie right here you are placing people in jobs final takeaway here. You know i think that the final takeaway is certainly it is a good job market. There opportunities for earn worker wages right direction the focus on making sure people have the right education, and training, for those jobs, but we do need to get more people participating back in the workforce, and seeing that rate tick up from 62. 7 . Maria all right Labor Participation 62. 7 thank you for joining us allstar panel when we come right back. Stay with us. Its time for the ultimate sleep number event on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. And snoring . Does your bed do that . Right now during the ultimate sleep number event, our queen c2 mattress with adjustable comfort on both sides is only 699, save 200. Ends soon. Visit sleepnumber. Com for a store near you. Maria great number today on jobs, market is down. Thoughts from the panel real quick. Good day for main street and wall street will catch up. I agree a thousand percent. I want to see the Participation Rate go up, though. Maria have a great weekend, we will see you on monday. Stuart, take it away. Stuart money and politics, you have come to the right place on that. Good friday morning, everyone, yes, this is a dip, selloff by any other name, we will open with a big loss. Dow will drop below the 26,000 level. Interest rates are up and rising, that is a negative and the extraordinary rally is definitely in pause mode. Yes, we will open lower but we dont know how we are going to close. Well, you have to look at amazon. Powering ahead, a stunning performance during holiday period n three months amazon took in 60 billion. And as the stock skyrockets again, founder jeff bezos is