Transcripts For FBC FBN AM 20240713

Lucy in the sky with diamonds. Lucy in the sky with diamonds. Lucy in the sky with diamonds. Ah. Lauren good morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl beautiful shot of the new york city skyline this morning. Good morning, im cheryl casone. Lauren the shot that never gets old, right . Lets take a look at your money this morning. More records perhaps today for the dow, nasdaq and s p. Rally mode, dow surging 113 points, s p up 10, nasdaq up 35. Cheryl never get sick of winning when it comes to the markets. Lets take a look at whats going on in asia. We have a mixed bag. Were watching the situation in hong kong, that escalated overnight. We are looking at positive comments about the u. S. Trade relationship going on. The shanghai and hang seng are slightly higher. Lauren in europe, stocks are in the green as well. A 1. 2 gain in london and in frankfurt. Cheryl our top stories is the crisis in hong kong, the violence continued overnight as a group of protesters remain holed up inside hong kong university, creating a standoff with police there. The university has been occupied by hundreds since last week. Its been the scene of some of the most violent fighting since this Movement Began just five months ago. Lauren fox news Jonathan Hunt is on the scene for us. He has just been able to get into the university there. Once hes available to broadcast for us, well bring him to you live from hong kong. In the meantime, the guard responsible for monitoring Jeffrey Epstein in jail, theyre expected to face criminal charges. The report says tw two congressional officers may have failed to do their job. Cheryl todd piro has details. Reporter after reportedly rejecting a plea bargain last week, the two guards could be charged as early as today. The charges include failure to check on epstein every half hour as required and falsifying log entries to claim they did the checks. Investigators believe the checks were not done for several hours before epstein was discovered in his cell with a bed sheet around his neck. This comes as one of his child sex abuse accusers described a disturbing encounter with epstein, adding she once took former president bill clintons seat on the lolita express, the notorious plane epstein used to fly friends and young girls to a private island. Epstein took my sexual innocence in front of a wall of famed photographs of him shaking hands with celebrities and political leaders. When i chose a seat, he said that is where his good friend, bill clinton, always chose to sit, as if to reassure me of the elite normalcy of that type of behavior. Reporter ben sass is expected to grill dr. Kathleen hawk sawyer about the case when she testifies at a Senate Judiciary Committee Oversight hearing. He wrote, quote, epsteins death in custody ignited a problem of public trust at your agency. And while there may be particular details that you cannot yet answer, deflecting difficult questions wont cut it. Now, the false ph records has reportedly been a problem throughout the system. The high profile case is bringing more national attention. Lauren todd, thank you. The markets continue to watch for a possible development on a u. S. China trade deal. Chinas Commerce Ministry says the two sides have engaged in constructive discussions around the reflective core concerns of the first phase of an agreement and will continue to maintain close communication. Thats a quote. Reports that beijing is reluctant to sign a deal that doesnt roll back tariffs, in fact, the u. S. Is set to impose more tariffs on 150 billion of chinese imports next month. Cheryl American Express is looking to expand its reach by ponying up cash, in an effort to compete with visa and mastercard, they plan to offer cash bonuses to businesses who agree to start allowing customers to pay using an am ex. Some businesses will receive up to 450,000. Visa and mastercard are widely seen as payment leaders. Lauren i dont have an am ex. We have a report of massive layoffs at wework, now drawing attention from the new York Attorney general. Reuters is reporting thatly at t Latisha James opened an investigation into the company. Wework plans to lay off at least 4,000 workers this week. The company has pulled the ipo and its ceo, adam newman has resigned. A wework spokesperson says theyre cooperating with the new york ag office. Cheryl faster wifi may be coming your way very soon. The commission is pushing for a public air wave auction for the next generation of high speed internet. It could free up money to rural areas could get better service. Lauren the rest of the kardashians cant keep up with kiley. She has sold her 51 stake in the cosmetics startup that she crecreated in 2015 to coty for 600 million. Cheryl how many instagram followers does she have in. Lauren 150 million. How old is she . Cheryl under 25. Tragedy at walmart to tell you about, folks. Three people were shot and kill at a store in duncan, oklahoma, 80 miles outside of oklahoma city. A man and woman were found dead in a car. Authorities believe the gun pman shot the two people in the car and then turned the gun on himself. Police have not revealed a motive but they say all three apparently knew each other. Just in time for the holidays, changes are coming to fed exs guidelines for their new employees. Lauren Tracee Carrasco here now with details. Tracee, good morning. Tracee fed ex is closing its pension plan to new hires, starting in 2021. It will instead offer a new 401k plan with a Company Match of up to 8 of employee salaries if employees contribute 6 . The current plan matches up to 3. 5 . Chickfila has been fighting criticism from the lgbtq community, so in response the company will no longer donate to the salvation army. The fellowship of christian at leasathletes and other charitiee to their stances of lgbtq issues. Nissan is recalling 450,000 vehicles for a brake fluid leak that could cause fires. The recall involves the mirano, the pathfinder, the infinity qx60. Dealerships will fix the problem for you. More problems for juul, the ecigarette maker is accused of creating adding targeting teens in a lawsuit filed by the state of california. The lawsuit says juul used deceptive practices. In a statement, juul said its Customer Base is adult smokers. And that is whats happening now. Cheryl tracee, thank you. Lauren lets take a look at your money this morning. We have a rally on our hands in the premarket, dow surging 106 points, nasdaq up 32. Did Jerome Powell break bread with President Trump yesterday . What the two discussed, in just a bit. Plus, if youre traveling for the holidays, pay attention. We have a list of the airlines most likely to actually get you where you want to go when you want to get there. Stay tuned. Bring me a higher love. Well, that higher love i keep thinking of but when a recall happens, perfectly good food goes to waste. Now, weve got away around that. Looks good. Were on target. Blockchain on the ibm cloud helps pinpoint a problem anywhere from farm to shelf. Its used by some of the biggest retailers everywhere. A nice wedge. So more food ends up on your table, is that daddys lettuce . Yeah. And less food goes to waste. Diamonds shine like me. Theyre strong. Theyre brilliant. I am a diamond. Find beautiful diamond styles for all the diamonds in your life, including you. Get 25 off everything. Including these one of a kind deals at the earlyblack friday vip event, now extended through november 19th. Exclusively at zales. The diamond store. Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. Cheryl violence continued overnight in hong kong as a group of protesters remain holed up inside a hong kong university, creating a standoff with police. Lauren fox news Jonathan Hunt is on the ground, has just been able to get inside that university. Jonathan. Reporter lauren and cheryl, we want to bring you this extraordinary first look inside the heart of hong kongs Polytechnic University where the violent standoff has played off over the last 48 hours. Right now, from where we are standing, there are around a dozen students or so still inside here, many have left over the last couple of hours but a hard core remains in here. Take a look around. You can see the violence that was perpetrated here, right in front of us here. Youre looking right now obviously as you can see molotov cocktails they were used by the students and there are scores of them in front of us in the crates there. They were used by students to drive back the Hong Kong Riot Police when they attempted to enter this building and this campus over the last 48 hours. And then as you spin around here, over on this table, some of the supplies, the dwindling food and drink supplies that the children have here. Thats part of the reason why so many have given up because they are running out of food, running out of water. As we come back down here towards the main entrance, ill take you for a view, looking over the front courtyard here and just look at the debris there. It speaks volumes about the kind of violence that was seen in this university on this campus over the last 72 hours. A student just walking past us there, putting his hood up for very good reason, obviously. The students who are remaining here do not want to speak to us on camera, they do not want their picture shown, they do not want to be identified because the hong kong authorities have made it very clear, anyone coming out of here, anyone they find will be arrested and face 10 years. As our cameraman shows you the charred debris here, it gives you a he very real sense of just how intense these battles were, how intense the fires the students set were as they try to turn back the Hong Kong Riot Police who came in here. They were successful for a time. Then they decided many of the students that they should actually give up, that they werent achieving much by being in here so they tried to go out. They were then met with tear gas over the last 48 hours and rubber bullets. They retreated back in here inside the campus of hong kong Polytechnic University. It now appears that most of them have decided to give up. It is futile to keep going with this particular protest in this particular location. But having said that, there is a hard core as we just showed you who are still inside this campus, waiting, deciding what to do next. So this appears to be coming to a close this particular standoff but as we know in these hong kong protests which have been going on for five months, anything can happen at any time and this entire university campus, by the way, is still ringed by hundreds, if not thousands of Hong Kong Riot Police. So still a very tense situation here as we approach the evening hours in hong kong. Lauren and cheryl, back to you. Cheryl Jonathan Hunt, live for us in hong kong. Thank you very much. Lauren pictures look like a war scene. President Trump Holding an unscheduled meeting yesterday with fed chair jay powell. Trump has repeatedly attacked powell, called him a bone head a few weeks ago. But called the meeting yesterday, quote, very good and cordial. The president tweeted later this, i protested the fact that the fed rate is set too high relative to Interest Rates of competitor countries, in fact our rates should be lower than others. Too strong a doctor an we brn mark. Thanks for joining us. How low does the president want to go, negative Interest Rates right here in the u. S. . Well, i do think its a little bit ironic that while europe seems to be walking back some of their negative Interest Rate policies, sweden was the first to go that direction. Its interesting that the fed is proposing that. Because clearly in negative Interest Rates in europe have failed to deliver in terms of Economic Growth and the central bank is reaching the 2 inflation target. It is i would say not likely to happen here in the United States but it does seem as though President Trump sends a lot of negativity toward the fed. Lauren the 10 year yield is higher than it was yesterday, futures this morning in rally mode. We could see more records on wall street. Is there optimism now that perhaps phase one of the trade deal might be closer than we thought last night . Well, i will say this equity market has been incredibly resilient because there has been slightly negative news about the trade war developments with china. So even in light of that, this equity market continues to set record highs. So last year at this time it seemed as though equities were turning negative, momentum was negative. It feels as though this year the opposite may happen where positive momentum may last into yearend. Lauren this is the were joking, mark, were saying its the most expensive time of the year, its also the happiest time of the year, when you get that socalled santa claus rally. With or without a trade deal, earnings today, home depot, tjx, urban outfitters, kohls, do you think this helps propel us to new highs, do we rally from here on out . I do think its hard to fight the momentum, seemingly to the positive side, i think there are a lot of investors that missed out on the rally so the fear of missing out is likely to continue here i would say through the yearend. So i think at that point maybe you take a more cautious approach but at least over the very near term i think its hard to fight the tape in this equity market. Lauren fomo, its a real thing, fear of missing out and maybe some investors putting stocks under the christmas tree. Mark, thanks for joining us. We appreciate it. Thank you. Cheryl weve got a lot more coming up. Were watching futures right now, weve got a big kickoff, the dow looks like it will be up about 114 points, 111, s p up by 10, nasdaq up by 34. Maybe some records, we shall see. Well take it. Its a video app really popular with teenagers but after couldnt controversy, tiktok iso shake free from the chinese roots. And it hasnt been smooth sailing or streaming for the house of mouse, were going to update you on disneys latest streaming problems. Youre watching fbn a. M. Baby, im preying on you tonight. Hunt you down, eat you alive ut. Hillary just like animals. So theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Oh, ho oh, ho, ho, ho you. You got me. Uh, what do you want . Ive got uh, ai robots, ive got vr goggles. I want your sled, please. No. [ chuckles ] timmy. Itd be a shame if this went viral. For those who never compromise. The mercedesbenz winter event. Whoa. He was pretty good this year. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Cheryl disney plus is having a tough first week. They had technical problems on the launch day. Now users say their accounts have been compromised. Lauren oh, no. Is this another hack attack . Joining us now from fox News Headlines 2 24 7 is brett lars. The headline yesterday was disney plus has been hacked. Thats not what happened. We have a situation here on our hands where weve been telling people this for like six years now, dont use the same user names, passwords. Lauren 1, 2, 3, 4, is not good. Cheryl it was not disney that got hacked, it was people that the reality is, theres a website that tracks this stuff you can put in your email address and theyll tell you if your email address is in another database. Theres a 98 chance that if youve got an email address and you used it to log into a service thats been compromised, your email address is out there. So its probably a good idea if youre using that email address to not use the same password, 1, 2, 3. Lauren disney now also a tech company. Yeah, big tech company. Theyre still doing well. They have 10 million subscribers on day one. Cheryl Big Tech Companies are moving into banking . Yes. Apple did this with the apple card, you can apply for it on your phone. It was very popular. Its been working well so far. Theyve got a couple kinks theyre working out. Last week we heard google is working with citibank to do a Checking Account because theres you know, why not. Surprisingly, people are okay with that. Younger people are okay banking with big tech. Cheryl the Younger Generation doesnt mind banking with apple or im not going to say facebook. Lauren libra is the whole cryptocurrency from facebook. Not getting a lot of praise from our friends in washington or anywhere else because how much does facebook need to do . Lauren amazon is giving spot g spotify and pandora some competition. If youre a prime member, you get amazon music and its free, its not ad supported. But now theyre giving it away, it will be on ios and fire tv, on apple tv, its amazon music free with ads, around 2 million songs. Thats kind of the new model, the freemium model. Theres a free version and then with a couple bucks you get the service. Lauren brett larson, you can catch brett on fox News Headlines 24 7, on sirius xm channel 115. More good news for you. Take look at your money. We could see another trifecta of records for the second day in a row, dow jumping, 109 points, nasdaq up 33. Still ahead, as impeachment hearings continue into week two, could President Trump surprise democrats by cooperating . Keep it here on fbn a. M. In the middle of the night. In my dreams. You should see the things we do. Baby. Drivers just wont put their phones down. We need a solution. Introducing. Smartdogs. The first dogs trained to train humans. Stopping drivers from liking. Selfieing. And whatever this is. Available to the public. Never. Smartdogs are not the answer. But geico has a simple tip. Turn on do not disturb while driving mode. Brought to you by geico. Lauren a live look right now capitol hill where in just hours week two of public impeachment hearings are set to begin. Four witnesses set to appear before the House Intelligence Committee today alone. Cheryl Griff Jenkins joins us from the Longworth House Office building with a preview of what we can expect today. Reporter buckle up, weve got nine witnesses over the next three days, four today, two this morning, two this afternoon. Now, we will have a gavel in at 9 00 a. M. As usual. There will be the swearing in, Opening Statements and 45 minutes for each sides and five minutes member rounds. The first witness is alexander venman and jennifer williams, both were on the july 25th call central to this entire inquiry, both testified behind closed doors that the president s call was unusual and concerning. And venman said there was no doubt the president demanded an investigation while williams called it inappropriate. This afternoon at 3 00 p. M. Were heal from kurt volker and tim morrison. Theyll take the hot seat. This as two more transcripts of depositions were given last night under secretary of state for Political Affairs david hail and david holmes, the Ukrainian Embassy aide who told lawmakers he overheard the phone call between the president and ambassador sondland and sondland said the president only cared about the investigation into the buy dense and doesnt, quote bidens and doesnt, quote, give an f about the ukraine. Nancy pelosrepublicans on this e suggest theres a bad idea. I wouldnt encourage the president at all. It would be a heck no from me as far as my advice as to whether he should testify. He would be lowering himself below adam schiffs level. Reporter foambassador Gordon Sondland will be testifying tomorrow. Cheryl as the impeachment hearings continue this week, a new poll from abc news and ipso says that 70 of americans think that President Trump was wrong to ask a foreign leader to investigate a political rival. And just over half of respondents, 51 , think he should be impeached and removed from office. Now, the president said that he would strongly consider providing written testimony to the house impeachment investigators. Lets bring in former prosecutor and criminal defense attorney. David, what would you tell President Trump if he was your client . Should he provide written testimony to the house . No. Cheryl all right. Rule number one. How many times have i said that. The fact of the matter is, theyre looking at whether or not he lied in the written statements to mueller and theyre critiquing word for word, hey, this is what he said, this is what we see. And theres always going to be eyes on the testimony and forget it. Trump, do not give these statements, let this play out and, in fact, i think at this point we can pretty much stipulate to the facts in this impeachment, the aid was withheld, trump wanted the investigation and its still not convincing any of the senate republicans, meaning theres never going to be a convict shun in the conviction in the senate, so lets get on with it. Cheryl thats why youre telling the president dont testify. Exactly. Cheryl i want to expand on this for our viewers. You mentioned the house. The house general counselor is investigating whether or not President Trump lied to Robert Mueller in his written statements, this is during the Mueller Probe. So lets go back, just to be clear to our viewers. He basically this is some of the revelation thats came out t of the roger stone trial. This is going back to the russia investigation. Again, this could be is this legal jeopardy for the president , again, if its discovered that he lied in written testimony to mueller during the Mueller Probe . The critical question is did he have any communications about wikileaks. Did he get that information . In the stone case, rick gates testified that there was information between stone and trump being passed back and forth. So stone would be the one to actually put the nail in the coffin on that specific question and i dont see that happening. Gates is the one that testified to some hearsay. Unless theres actual written communications, like emails or Text Messages to contradict what donald trump said in his sworn written statements, i dont see anything coming from this. I mean, theyre going to have to use somebody other than just rick gates saying i was told or i knew that trump and stone were talking because i dont see stone providing that information. Cheryl another legal issue that the president is facing right now is the Supreme Court yesterday, chief Justice John Roberts issuing a stay on an Appeals Court ruling that granted initially House Democrats access to President Trumps financial records. The president s attorney said for the first time in our nations history, congress subpoenaed the personal records of a sitting president from before he was in office. All of this has ended up in the courts, the Supreme Court now. Critical what jay sekulo says there, theyre trying to get records from before the presidency. So the Trump Administration is making arrestin arguments its t relevant. Up until yesterday, he was going to have to actually provide those records. But the Supreme Court stepped in and stayed it. It stopped it. Doesnt mean that trumps going to ultimately win in the Supreme Court. Doesnt mean that the Supreme Courts going to take it up. But what it does, its a huge win temporarily at the very least for the Trump Administration because they would have had to provide those records today, probably. Cheryl busy time for lawyers in washington and new york. Nine witnesses this week in the impeachment, four today. Who is going to watch all of this . Do people have jobs . Cheryl a few million might, though. David bruno, thank you very much. Good to have you you here. Lauren thank you. Is joe biden back, the former Vice President dropping in the national polls. Theres one early voting state whereby dewhere biden is the o win by a large margin. Starbucks feeling the fallout as a recent policy change is starting to hit the bottom line. Keep it here on fbn a. M. Im going home. To the place where i belong. Where your love has always been managing lipids like very high triglycerides, can be tough. You diet. Exercise. 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Lauren as the fifth democratic primary debate kicks off tomorrow, a new poll shows former Vice President joe biden with a commanding 20 point lead in the early voting state of south carolina, while Elizabeth Warren and Bernie Sanders are in a distant second and third place. Mayor Pete Buttigieg there at 6 . Joining me now, anders hackstrom. Biden taking a lead they south carolina. Where is mayor pete . Hes not making a dent in south carolina. Why . Its two words, its black voters, those are the people supporting joe biden in south carolina, thats the one reason hes winning there. You look at majorly white states like iowa and New Hampshire and that lead is basically nonexistent. Hes winning by 4 points in New Hampshire according to the most recent polls and hes in a three way tie with Bernie Sanders and Pete Buttigieg in iowa. And so thats definitely the difference here, its black voters. Lauren mayor pete is also struggling in another early state, arizona. They have a big latino population. That begs the question, mayor pete is getting criticized for having basically stock images of African Americans on his website. He apologized. He explained the issue. He took them down. Is that something that is maybe an innocent mistake or do you think it speaks to something more . I think its definitely an innocent mistake but it definitely is going to be seen as speaking to something more, if that makes sense. Because hes struggled with black voters and latino voters from the very outset of his campaign. There have been stories of antiblack violence by police in his city and as a mayor hes taken responsibility for that and taken the hits for that politically. I think thats what were seeing on the National Level is youre seeing these voters not wanting to go allin for Pete Buttigieg. This photo controversy is sort of little but it definitely contributes to that sort of idea. Lauren lets talk about that. If you look at some of the south bend, indiana newspapers, theyre critical of his track record as mayor there. Fatal shooting, the fallout from the shooting of the black man by the white cop, you have the numbers of shootings, injuries and killings in in the city spiking 60 in the past were, trouble recruiting for the police force. Is that the track record that we want to expand on the National Scale . Yeah, and thats been this idea hounding buttigieg for a long time is this idea hes a mayor from indiana and a lot of people are skeptical that he can go up to the National Level and be the president of the United States, especially when it looks like a lot of the policies that hes instituted as mayor havent panned out for a lot of people in his community. Lauren what do you expect to hear tomorrow night from the debate . I expect to hear Elizabeth Warren trying to claim back the lead she had briefly against joe biden and is sort of throwing away. Recently shes been labeling herself as this ultimate wonk, as a person with a plan, as the economic lord of america, but people have been very skeptical and looked at her plan and said how are you going to pay for this, how are you going to do all this and she sort of crumbled under the pressure. Sheafs gone all the way back to saying im going to Institute Medicare for all in the third year of my term which is essentially admitting that shes not going to do it at all. I think were going to have to hear a lot of explanations from her. Lauren anders, thank you. Thanks for having me. Cheryl le weve got more gren arrows to show you, had some records last night. Lets go for more, shall we. The dow is up 113, the s p is up 10, flays dabbing i10 nasdaq isa quarter. Coming up, Elizabeth Warren, she is out with yet another policy plan. This time more of a gut punch to Real Estate Companies as her policy would hurt the housing industry, were talking about it next on fbn a. M. Bye, bye, bye. Dont want to be a fool for you. Just another player in your game of two. You may hate me, but it aint no lie, baby bye, bye, bye print about. This many pages. The epson ecotank. Just fill and chill. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Cheryl democratic president ial candidate Elizabeth Warren updating her Affordable Housing plan with an emphasis on renters. Are these ideas going to be a major takedown of the real estate industry. Mitch rochell joins me now, with a long history in real estate yourself. She wants to be not just on the side of renters but almost be, dare i say it, antilandlord. She wants to create a new bureau, the tenant protection bureau. Shes focusing on Public Housing, renters rights and then regulation of landlords. So thats the big three pronged strategy by creating a new bureau in the government to protect tenants against landlords. Cheryl these ideas, the concern here, i think these are fair, is that its going to be an overreach and this is going to be more regulation. No that there arent bad lords out there. She wants to go after corporations that own multifamily housing units, not just apartment complexes, but also were talking like full neighborhoods. As i travel this country, im leaving for philly after this to talk to folks in the real estate community, the one thing theyre most concerned about right now is in fact regulation because were seeing more and more across the country, rent stabilization laws in states like california is now rolling one out and actually thats layering more regulation on which is not helping the problem because the problem is supply and if landlords are reluctant or builders are reluctant to create new supply because theyre worried about complying with regulation, thats not going to fix the problem. Cheryl youve got Bernie Sanders and his partner aoc that came out together under this Green New Deal that she proposed, saying that they also wanted to make sure that housing across the country was green compliant, energy efficiency, which could be good for a longed lord but if you want to do this on a massive scale, thats a big chunk of change and that would be a financial problem, i would think. Theyre focusing on Public Housing i believe in what theyre trying to accomplish. Public housing has a whole bunch of problems, safety, security, cleanliness, eco friendly is probably far down the food chain of what needs to be fixed in Public Housing. I think theyre starting with the last problem, not the first problem. We would all admit theres a lot of things that need to be fixed with Public Housing. Cheryl talk to new yorkers who dont have heat or clean water. Lets move on to something else. Well get data out this morning, its housing building permits. We care about this because its a report that will tell us if were seeing a bullish sentiment in the housing industry. Were still undersupplied. There are three andahalf million formed households. Statistically, when children move out of their parents house, some people in the audience may be cheering this, its statistically a formed household. Theres 3. 5 million more of them in the last decade than weve created new supply of housing. This is economics 101. If you have a lot of demand and you havent created new supply, what happens, prices go up. When prices go up, we freeze people out of the housing market. We have lowered Interest Rates, Mortgage Rates are down about a point. So that does help the first time home buyer get into the market. Cheryl is it fair to say that all this many doom and gloom about real estate is unfounded . If you really look at the data . It seems to me that the real estate is doing pretty well. I think the problem is our nearest memory is the prefinancial crisis period where housing drove the economy. I would say a half a point of gdp growth actually came from new Residential Construction. Right now, were back to the trend line where new Residential Construction actually is not a big contributor to gdp growth. What is is when you buy a house and put stuff in it, consumption, so everybody is focusing on the near term memory, remember the good old days when housing was driving the economy. We dont want housing to drive the economy because we tend to inflate bubbles and when bubbles burst its not good for the economy. Cheryl were going to be getting earnings from lowes and home depot. Thats another sign of the housing industry. Lauren the northeast better prepare for a chilly next couple hell of days. Senior meteorologist janice dean is in the Fox Weather Center with the forecast. Janice, i thought it was already cold. Its getting colder . Good morning, cheryl and lauren. We have a coastal low thats lingering, bringing a wintery mix towards the northeast and cooler temperatures across the midwest, a lot of 30s on the map. We get to 40s in atlanta, even 40 in mobile, alabama, 47 in kansas city. We do have a system thats moving across portions of the tennessee and ohio river valley and then our area of low pressure off the coast, that on the backside is bringing some snow. Measurable snow towards the interior northeast and new england. Were going to see temperatures kind of hover in the 40s and 50s over the next 12 to 24 hours. Not a lot of moisture with this, but we could see the potential for some rain, a wintery mix and measurable snow especially across new england and then well watch for wintery weather to make its way across the rockies and more rain in the forecast for the plains states, a little bit of snow across the upper midwest. Theres the forecast today. Well watch that area of low pressure exit, new storm system moves into the pacific and we could see heavy rain over arizona as well today. Back to you. Cheryl janice, thank you very much. Lauren Myles Garrett will appeal his indefinite so pension. Cherylsuspension. Cheryl that was the hit seen around the world. Tracee carrasco has that story. Tracee Myles Garrett was suspended indefinitely from the nfl after hitting Mason Rudolph with a health met. Now e helmet. Espn is reporting that garrett will appear at an appeals hearing tomorrow to challenge the suspension. If the suspension is upheld, he will forfeit more than 1 million in salary and pay an undisclosed amount in fines. More blackouts planned in california, pg e preparing to cut power to 260,000 people this week in an yo attempt to avoid sparking forest fires. This is expected to begin wednesday and continue through thursday. California regulators voted to investigate pg e over multiple planned outages last month. Big changes could be coming to the movie industry, the Justice Department set to lift rules dating back to the 1940s. Film distribution rules prohibited studios from owning theaters. The Justice Department says changes in technology and increases in streaming make the rules obsolete. Well, a new Study Reveals people are less inclined to visit starbucks because of its overcrowded shops and bathrooms. The study used cell phone data to show visits decreased by 7 compared to other nearby coffee shops and restaurants. Report says that decline is greater for locations near homeless shelters. Starbucks allows anyone to use its restrooms and sit in the lounges, regardless of whether or not they make a purchase. And that is whats happening now. That new rule changed last year. Cheryl they made the change because of what happened in philadelphia starbucks that became a National Controversy for them. Now its affecting the bottom line. Thats a difficult spot for a company to be in, i think. Lauren its very tough. But its true. If the lines too long or if there is a quality about the starbucks, i go to the one on the other corner. Cheryl the bathroom. Lauren there is that many of them. Cheryl the bathrooms an issue. Tracee, thank you very much. Lauren its the most wonderful and exhibit numbers iv expensi. What americans are confessing to this holiday season. And why vegans now have a beef with burger king. Well be back on fbn a. M. Cheeseburger in paradise. He winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Diamonds shine like me. Theyre strong. Theyre brilliant. I am a diamond. Find beautiful diamond styles for all the diamonds in your life, including you. Get 25 off everything. Including these one of a kind deals at the earlyblack friday vip event, now extended through november 19th. Exclusively at zales. The diamond store. Now extended through november 19th. People think my job is easy. You just go on tv and talk, right . Well, each season theres over 1,500 players and hundreds of games. Plus passing yards, turnovers, injuries. We have to be ready to analyze any of it, on live tv. If we fumble on air, thats a problem. Ibm watson helps us wrap our heads around all that data, and quickly find relevant insights using ai. So we can give every fan the best show possible. Welcome everybody to fox kickoff, im charissa thompson. Or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Cheryl Holiday Shoppers have their minds on their money, survey revealing how people are spending their hardearned cash. Lauren michael joins us on whats bothering us and spending money. Despite setting a budget, a third of those, its going to take 6 months for people to pay back and pay off the credit card debt, now they also found out that 40 of people buy those they dont want to and feel pressured, my fellow millennials not a good look here, we will use 40 and gen zers will spend the most on mom. Lauren grandma. [laughter] cheryl be ware holiday travelers, you might want to avoid Certain Airlines for holidays. According to data from the department of transportation, the top 5 airlines, to be overbooked, frontier, alaska, spirit, american airlines. Lauren american. Frontier and spirit double the amount as the other three. Thats very important when youre trying to get home. Lauren i was shocked american on the list. Top 5. Cheryl not meatless burger. One person is suing them and all of twitter going after them. The fact is that they person wanted the impossible whopper to be cooked on separate grill and its different from patties. They want separate ewe utensils. Lauren you have to be certified organic. Its a big deal. We called you michael. Guns. Lauren see you later, guns. Maria good morning to you, happy tuesday, everybody, thanks so much for joining us, im maria bartiromo, tuesday november 19th, before 6 00 a. M. On the east coast, waiting on home depot, home depot, kohls, tjx, we are taking a look at the American Consumer and what to expect on holiday season, markets pointing to another record session take a look at all 3 major indices hit high yesterday, dow industrials up 103, s p futures up 8 and nasdaq futures higher by 34, yesterdays record setter once again, payoff in hong kong this morning once again, the violent standoff continues at a university with hundreds of people still remaining on campus, authorities warning those medias rojas to drop their weapons, turn themselves in, we will take you there live, showdown on capitol hill once again this morning, impeachment hearings will resume this morning, four more witnesses set to testify today alone, mornings with maria begins right now