Transcripts For FBC FBN AM 20240713

Now im a believer. Not a trace. Or doubt in my mind. Im in love. Im a believer, i couldnt leave her if i tried. Cheryl were believing that it is tuesday and welcome to fbn a. M. And good morning, everyone, im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving this morning. Were seeing slightly positive numbers as the tense situation with iran continues. There was early pressure on headlines crossing overnight. Right now, green arrows. Lauren a major turnaround yesterday too. Take a look at oil prices, they are continuing their slide after reaching their highest level since september in the immediate aftermath of the soleimani killing. Wti is down half a percent. Gold is down a buck 20. Cheryl stocks in asia are focused on trade optimism as chinese officials are pre prepag to sign a phase one deal with President Trump, we expect the signing next week. The shanghai composite is up three quarters of a percent. Lauren certainly a global rebound this morning. That continues in europe. The cabbin cac and dax are bothh her. Breaking news overnight, iran designated the American Military as a terrorist organization following the a takedown of the countrys top leader, qasem soleimani. Cheryl Rick Leventhal is in jerusalem as irans revolutionary guard says it will set ablaze places supported by the United States. Reporter good morning, cheryl and lauren. The rhetoric had has ratcheted up over the past 48 hours, including threats from iran to set u. S. Facilities on fire, chants from crowds yelling death to israel and a motion in Irans Parliament to designate the u. S. Military a terrorist force. General soleimani buried today in his hometown. He was killed by the u. S. In a targeted drone strike early friday outside baghdad airport. Huge crowds turning out today to mourn his death, just as they did yesterday when an estimated 1 million plus filled the streets honoring the hero who was revered as a hero by many iranians, blamed by the u. S. Of killings thousands of americans. President trump said soleimani was planning more attacks against u. S. Interests and threatened an overwhelming response if iran plans to retall retaliate. The pentagon back he pedaling after a letter written by u. S. Military officials was leaked to the press detailing a u. S. Troop withdrawal from iraq, this after the Iraqi Parliament voted to expel American Forces from that country. Theres been no decision made to leave iraq, period. Theres no decision to leave, nor do we issue any plans to leave. We are committed to the deisis mission in iraq alongside our allies and partners p. Reporter military officials have begun making tentative plans to withdraw if they are forced to do so. In the meantime, thousands more troops are headed into iraq to help fortify u. S. Positions there. Cheryl thank you, rick. A Senior State Department official is telling fox news that mike pompeo is expected to formally brief lawmakers on the air strike, that will be later on this morning. Irans state tv is reporting that 35 people were killed during a stampede during the funeral procession of soleimanis fine l rail, this funeral. This happened in his hometown. Were getting reports that 48 people were also injured. Well bring more details as we get them. Lauren as tensions intensify, the u. S. Energy secretary is reassuring americans not to worry about a possible cyber attack coming from tehran. We are very prepared for this. These are not new threats to our energy grid, our electricity grid in certain cases or other energy infrastructure. These are threats that have been here for some time. The u. S. Department of energy has the responsibility for the energy sector, Cyber Security threats within the energy sector. And we coordinate closely with our colleagues over at the department of homeland security. Lauren secretary brulette said there is a designated office within the department to specifically protect Cyber Threats to the energy grid. Experts warned iran may use unconventional means of war fare as tensions escalate. Cheryl republican senators launched a new push to dismiss the articles of impeachment against President Trump as House Speaker nancy pelosi is delaying sending this case to trial in the senate. Lauren marianne l laffrerty s more for us. Reporter the resolution would allow republicans dismiss articles of impeachment. Nancy pelosi delayed sending the impeachment case to trial nearly a month ago. Senator josh holly is rallying his colleagues to take action. I am introducing a resolution to update the senates rules to account for this unprecedented aattempt by the speaker of the house to delay, to deny, to obstruct a trial in the United States senate. The senate would be able to introduce a motion to dismiss these articles for lack of prosecution. Reporter democrats started the impeachment inquiry last year over a whistleblowers claim that President Trump asked the ukrainian president to investigate his democratic opponent, joe biden. The president is accused of you using oval office power to influence the 2020 election. President trump is accusing democrats of doing the same thing. Well, i think what theyre trying to do is affect the election illegally, but thats what theyre trying to do. Its so sad for our country. Think of it. Werfighting with iran, fighting with all of these different places and in many places doing great, making trade deals and doing so good, our country is doing so good but i have to spend and my team has to spend time on this stuff. Reporter this comes as former National Security advisor john bolton announced he would testify in the impeachment trial if hes subpoenaed by the senate. Boltons willingness to talk could reignite democrats calls for other witnesses to take the stand. Cheryl, lauren. Lauren marianne, thank you very much. Cheryl victim of a coup, that is what for former nissan chairn carlos ghosn is saying and he says he can prove it. Ghosn telling Maria Bartiromo there is evidence that proves there were people in the japanese government who want todd take him out over his plans to merge nissan and renault. Ghosn says he will name names at a News Conference reportedly set for tomorrow in lebanon where he fled after being charged with financial misconduct. Ghosn says the straw that broke the camels back is that he couldnt talk with his wife, carol. Lauren breaking overnight, the Associated Press reports that tokyo prosecutors issued an arrest warrant for his wife, carol, on suspicion of perjury. I think its very likely to say neither one of them are heading back to japan. Cheryl a lot more of that story will be covered on maria mornings with maria. Lauren puerto rico is hit with yet another earthquake early this. Cheryl kind of a big one. Tracee carrasco has that story. Tracee a according to the u. Geological survey this was a 6. 6 magnitude quake. It struck early this morning with the epicenter south of indio. 5. 8 magnitude earthquake hit the island yesterday. No injuries were reported. Parts of puerto rico are struggling to recover from the aftermath of the Hurricane Maria in 2017. Harvey weinstein is trying to he delay his criminal trial in new york. Jury selection is set to begin today. Reports say lawyers for weinstein may ask for an adjournment after he was hit yesterday with four counts of sexual yo assault in los angele. The charges came hours of after weinstein appeared in a manhattan courtroom. He has denied any wrongdoing. Illinois is forced to close several marijuana dispensaries due to shortages, this less than a week after legalized sales for Recreational Use went into effect. The state says it racked in 10. 8 million in sales since january 1st. But due to a higher rate of supply and demand, many chicago shops began closing over the weekend. And finally, burger king is trying to piggy back off the success of its impossible whopper. The chain is testing an egg sandwich made with a plant based pork sausage patty from impossible foods. It will be found at select u. S. Locations starting the bed end f the month. Cheryl our own Dagen Mcdowell says the Dunkin Donuts plant based breakfast item is fabulous. Lauren we had them, right on set. Cheryl shes a tough considerateic. Lauren i thought it was pretty good. We want to turn your attention to a live look at this, the International Space station where spacex cargo capsule has just undocked. Cheryl the Spacex Dragon head on a five hour journey. Its going to come back to earth after a 30 day stay at the space station. It will splash down into if the pacific ocean, southeast of california. Lauren lets take a look at futures right now. It seems calm has returned to the global markets, at least temporarily. In the u. S. , dow up 46 points, s p up about 6, nasdaq gaining 32 this morning. Still ahead, iran making new threats against the u. S. After the killing of general qasem soleimani. What does that mean for our troops in the middle east . And businesses going to some extremes to keep away loiterers. How one mcdonalds is being blasted by neighbors for its lateest strategy. Latest strategy. Keep it here on fbn a. M. Theyve got the beat. Theyve got the beat. Yeah, theyve got the beat. Ening my cold, with zicam zicam is completely different. Unlike most other cold medicines, zicam is clinically proven to shorten colds. I am a zifan for zicam oral or nasal. By consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right so you can save big. Get a nofee personal loan up to 100k. Get a nofee personal loan yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. Are Critical Skills for scientists at 3m. One of the products i helped develop was a softer, more secure diaper closure. As a mom, i knew it had to work. There were babies involved. And they werent saying much. I envisioned what its like for babies to have diapers around them. Thats what we do at 3m, we listen to people, even those who dont have a voice. At the end of the day, we are people helping people. Even those who dont have a voice. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on he should have been taken out a long time ago and we had a shot at it and we took him out and were a lot safer now because of it. Well see what happens. Well see what the response is, if any. Youve seen what i said, our response will be. Lauren one response from iran is now declaring the u. S. L military and the pentagon as terrorist organizations and making threats to our allies. Lets bring in policy director at defense priorities, ben freedman. How imminent is iran retaliation and yo how asymmetrical do you expect it to be. I dont think the iranians will retaliate directly to the United States because of the probable consequences. What were likely to see in iraq is more militia attacks. We killed not only soleimani but the deputy head of the mobile forces, shiite militias who helped fight isis. Theres as many as 500,000 people in the militias versus 5,000 or 6,000 u. S. Troops in iraq. So weve made our troops vulnerable with this strike and weve encouraged the iranians to restart the you Nuclear Weapons program. Lauren what does the president need to say now . How does he need to articulate what his strategy is in the middle east . What the president ought to do is speak less when he threatens cultural sites in iran and things like that of. , he makes matters worse. I think what we and the United States ought to do is get our forces out of iraq now that the Iraqi Parliament has said they dont want them there anymore, has asked us to leave. Lauren you think we leave iraq . Tab absolutely. We should have left iraq before. Theyve not ac theyre not a accomplishing much. We should listen to the iraqis who were supposedly he defending and let them do that work them chefs. Lauren thats themselves. Lauren thats an interesting take. Many would say the opposite. Is there a window for diplomacy. Rand paul who sometimes sides with the president says taking out soleimani basically took out any possible chance of a diplomatic solution. I think its made it much more difficult, which is one of the reasons why i think we should remove our forces, not only from iraq, but from over the next few months from surrounding countries, because with the absence of a diplomatic solution, u. S. Forces have become vulnerable and its not clear what theyre accomplishing anymore, other than getting us into trouble. Its attacks on u. S. Forces with more tar that have gotten us to where we are today with this titfortat series ofs escalations, so theyre getting us into trouble. Lauren ben, thank you so much for joining us. We appreciate your perspective. Cheryl despite the tensions with iran and the United States, right now were looking at green arrows across the board. Investors initially had been worried. Now were seeing a reversal a. Trade optimism is picking up global markets. The dow is up 36, s p up 4 and three quarters, nasdaq up 30. Coming up next, the infernos raging across australia only expected to get worse as temperatures heat up and crews work to save helpless animals. Anna kooiman is coming up next for us as crews try to save as many animals as possible. George lopez, he could be getting a visit from the secret service pretty soon following yet another comment he made about the president. Youre watching fbn a. M. If i live to see the seven wonders. Ill make a path to the rain doughs edge. Nights out of sync, nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. But he wanted snow for thelace holidays. So we built a snow globe. Ill get that later. Dylan but the one thing we could both agree on was getting geico to help with homeowners insurance. What . Switching and saving was really easy i love you what . Sweetie hands off the glass. Ugh call geico and see how easy saving on homeowners and condo insurance can be. I love her 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 australia bracing for scorching heat this week as wildfires burn out of control. Fire officials warning the flames could merge and form a mega blaze in the next few hours with a vicious red sky, crews are battling thick smoke, making the fight even tougher. At least 25 are dead, 2,000 homes destroyed. President trump offering his support in a call to the australian Prime Minister overnight. This is what the fires would look like if they were burning in the United States. You can see almost the entire country is covered. Right now, residents are doing whatever they can to stay hopeful. [ crying ] it hurts. It hurts to see this and i dont want anyone to go through this again. Cheryl well, foxs anna cloyman joins us from a wildlife park where theyre helping displaced animals. Anna, good morning. Reporter it is a nice thing to see so many volunteers here from sydney Wildlife Rescue nursing animals back to health and with the goal of returning them to the wild but of course their environments, their home environments are going to be very different. That will provide additional challenges. This mobile vehicle you see behind me is brand spanking new and it is headed to the south coast this weekend to be in the fire zone and have handson activity, helping out. They have all sorts of vets who are volunteering and average joes who have nor l mal normal , heading down to help as well. These kangaroos are about 10 months old. Theyre orphaned from the south coast. Their mothers were both killed by cars, actually, which is a very common thing to happen. But they inseparable they are inseparable. They spend about 90 of their time in the pouch. Theyre supposed to be in their mothers pouch right now but unfortunately they have to be in a vest instead. I want you to take a listen to one of the Wildlife Rescue volunteers. Our whole ecosystem is going to collapse if we dont do something. You know, its tough. Youve got the little all the animals, they all need each other to survive. Reporter they certainly do. They depend upon one another. In kangaroo island, according to National Australian reports, koalas, the population there, 50 . 50 has been wiped out by these wildfires and here in New South Wales along the midnorth coast, 30 of the koalas have been decimated as well. Its absolutely heartbreaking. The koalas get a lot of extra attention. Theyre gaining the headlines because theyre the face of tourism for australia. But we cant forget about all the other animals as well and throughout the well be introducing folks to all sorts of native aussie species that are dealing with the fires as well. Cheryl one of the big draws of australia is the tourism industry, is the koalas and the joeys. Theres got to be a lot of concern about the industry right now because its summer in australia and this is when people want to go to australia and visit. Reporter yeah, and unfortunately what is happening here, weve heard from the Prime Minister who some have said has been slow to act. But he has committed an extra 2 billion australian dollars to relief efforts here which hopefully will help quell some of those fears for tourists wanting to come here in the future. We dont have any substantial rainfall in the near forecast and so this is going to be going on for a long time. Cheryl its devastating, just devastating to watch. Anna, thank you so much for joining us this morning. Good to see you. Reporter you too. Lauren sad story. Lets stick with that part of the world. Teslas ceo, elon musk a, is in china today to mark the first public deliveries of the model 3 made at their new shanghai factory. The plant is teslas First Factory outside of the u. S. Its cut prices on cars in china, making them cheaper for customers. China is the worlds biggest auto market. Shares of tesla are surging in the premarket, not good news for the shorts out there, up 1. 3 , 457, 60 each. Cheryl starting today facebook will ban users for posting doctored videos ahead of the 2020 2020 election this novembe. The policy does not include parody or satire content. This crackdown is after anil teared video had gone an altered video had gone viral which appeared to slow House Speaker nancy pelosi slurring her speech, that video again, a fake video. Lauren it gets confusing. Cheryl you have to be careful about what you believe. Lauren not only what you post, but what you believe. The Consumer Electronics show is apparently not the only place filled with tech out in vegas. Cheryl liz claman will take you inside the new football stadium packed with all the latest technology, liz. Reporter ces2020 opens today. We are going to kick off our coverage on fox business at the complete opposite end of the las vegas strip. For arguably what is the Biggest Technology story of all of 2020, the new home of the raiders football team. Well take you on an exclusive tour of what will be the worlds most connected, technologically advanced sports stadium. And then stay tuned all day to fox business because weve got your allaccess pass to ces 2020 all day long. Weve got the hyuandi flying car, the television by samsung that spins around, hotter zone tall, vertical horizontal, vertical. And 3 00 p. M. Eastern we unveil the worlds first foldable laptop by lenovo and arguably one of the it guys here at ces, the ceo and founder of impossible foods, pat brown. Wow. It is the biggest tech show on planet earth and weve got it right here for you on fox business. Cheryl liz, thanks. A lot of buzz about the foldable televisions. Lauren lets take a look at your money this morning. Dow up 21 points, higher after the major turnaround yesterday. S p up about 3 this morning, nasdaq gaining 23. Bernie sanders calling out President Trump over his decision to kill iranian general soleimani. But are his comments just proof that sanders is out of touch . And can you imagine this, alexa a pumping gas. How she is trying to make your next trip to the gas station even easier. Keep it here on fbn a. M. Baby i just want to dance. I dont really care. I just want to dance. N. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it with hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa cheryl here is your morning cheat sheet, the top headlines to get you through the day. 35 people were killed, 50 hurt during a stampede erupting during the funeral procession for runs top military leader who was killed by u. S. Troops. Iran designated the American Military as a Terror Organization following the takedown of the countrys top leader there. Irans revolutionary guard said it will set ablaze support sedey the United States. The senate is expected to vote this week on usmca. Australia is bracing for scorching heat as wildfires burn out of control. Fire officials are warning the flames could merge and form a mega blaze in the next few hours. Crews also battling thick smoke, making their fight even tougher. At least 25 are dead, 2,000 homes destroyed, half a billion animals have been killed. Well, george lopez is back pee l daling after joking pedaling after joking about the down tri iran placed on President Trump. The comedian had to say this. We will do it for half. After facing backlash online, representatives of lopez told fox news the remark was just a joke. The secret service may need to interview lopez. Lauren Bernie Sanders is increasing his attacks on President Trump and his decision to kill soleimani. This guy was a bad news guy, but he was a ranking official of the iranian government. And a you know what . Once you get into violating International Law in that sense, you can say there are a lot of bad people all over the world. Lauren sanders is one of the first 2020 candidates to call the president s air strike an assassination and investors shrugging all of this off. The mideast tension, after a top iranian general was targeted and killed in the u. S. Attack last week. We have doug flynn, certified Financial Planner with us this morning and doug, its unbelievable, this morning an Iran News Agency is saying iran is assessing 13 retaliation scenarios against the u. S. Dows up 18 points. Not a major l rally but were not selling off. What does that mean to you . It falls into history, if you look back the last 30 years, theres been about 16 of these geopolitical issues and in all the cases the average down percentage was about 2 . Some of those are wars. If you go back to world war ii, the maximum down is 5 . Three or six months later were up between 5 and 8 . This falls into a whole lot of nothing which is in line with the severeity of it. Lauren is that because you and other investors dont think were headed to as some would say a world war iii scenario or a war with iran. Most of this is at this point, its really a nothing. Were energy independent. Its not going to you a expect n the short run. If it does escalate, youll have a further retraction at that point. Lauren if you look at the tech sector, it has been so hot. Phenomenal 2019 and the start of 2020 has been even better. Alphabet, google especially, that stock at an all alltime high. Why do you think investors are so bullish on google. Maybe there will be a first time dividend . The problem with tech is that its already such a big percentage of the market. It was up over 50 last year. But as much as we think that its infallible, it isnt. There are some things that could cause that to slow down but it doesnt look like thats happening anytime soon. Lauren it seems big tech is invincible, when you look at the share prices. 14, 01, above 1400 for google right now. Tech is already over 20 of the s p. The Top Five Holdings in the s p 500, theyre tech stocks, 15 of the market. In your 401k you have 16 of your money in tech and you might own some of these stocks as well. Even though theres upside there, i like some better than others. And the thing is, you need to be a little more diversified. Interestingly, the average investor that has 60 stocks, 40 bonds, last year that mix had the best performance since 1997. Bonds did well, as well as stocks. The year before, both those things were down. Lauren i want to quickly touch on boeing as we assess the 737 fallout. Now the company is looking to raise debt. And as they do that, are you worried, are you investors worried that we could get more disclosures about how faulty the 737 max program was . Seems like theres more to it. The stock is way down. I think they can handle this debt. If you have a long view nobody wants to have 100 airbus fleet. They need to pull their things together and the outlook probably longterm is pretty good. Lauren so buy it . If you own it, i dont think you sell it. But you dont buy it. Lauren it might be going lower. Cheryl, over to you. Cheryl 333 right now. All right. Weve got a lot more coming up, folks. Brandnew homes with brandnew tech, why you may want to think inside the box. Were going to look at a new twist on smart homes. And intense pollen is plaguing people all across the great state of texas a. Weve got the incredible video of the outbreak thats got citizens there, well, sneezing to say the least. Well be right back. Why you want to give me a runaround. Sure fire way and when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk cheryl the iconic home of the Chicago Tribune getting a makeover as the newspaper moves on. Theyre not alone, as the industry itself shrinks and major papers begin to downsize, Real Estate Developers are seizing the opportunity to redevelop the historic former homes of some of nations most wellknown papers and theyre turning them into luxury apartments. Roger sealy is here. Happy new year. What an interesting trend to talk about. Taking over an old newspaper, a newsroom, a building, and making it into condos. What do you make of that . I love it. I think it makes a lot of sense. The thing about the newspaper buildings i did my research while reading the newspaper, so theyre still around. These places are in great locations. Theyre really in the bullseyes in cities like chicago, la, dallas, texas, tampa, boston, et cetera. So it makes sense. These places are such large buildings on such large campuses that a developer really the only way to make it make sense financially is to retrofit the current building. Cheryl i was looking at the numbers for the luxury condos forks the Chicago Tribune building they start at 900 grand, go up to 7. 6 million. These are going to be very pricey pieces of real estate. Yeah. It makes sense in a city like chicago. People live and work in downtown and they want to go and have their lifestyle surrounded by where they live. 10 million is a hefty price to pay. In chicago, its got the numbers to support it. Cheryl another big trend were seeing in real estate, that is the smart homes. Smart homes have been around for a while. Now were seeing amp son put amazon put their money where their mouth is. Plant prefa prefab is one exampa prefab kateed home that you prefab bring kateed home that you prefabricated home that you build. What are they seeing that were not. Theyre one step closer to taking over the world. The prefab thing is a ways away from being a real trend thats going to be sustainable. Amazon is making big moves. Were surrounded by them with alexa and ring devices. If they can add one more layer, im sure it will make sense eventually. I dont think its going to happen where were seeing it consistently for a few years. Cheryl youve got to follow what amazon does. Their work with tri point, lee lenar, they put almost 7 million into this kind of idea and its ring cameras, its having an ipad control your own tire home, having no your entire home, having no wires in your walls. Its what buyers want. Were seeing it everywhere. Something like that is not a difference maker as far as them making or breaking a deism its. Its definitely an incentive. At the end of the day, if its not done for them, they can get it done after the fact for not that much money, its the convenience factor that comes into play. When you put amazon behind it, its got clout for sure. Cheryl im a tech nerd and i love the technology in homes. I think its great. You should stick around for the next story. Im not leaving. Im sitting right here. You got it. Happy new year. Lauren i hope he doesnt have allergies. Okay, stay tuned. Lets take a look at futures, they look like his jacket did, were in the green this morning, dow up 20 points, nasdaq up 25 this morning. Its time for ces, the Consumer Electronics show, the latest and greatest tech you need to get your hands on. Were going live to has ra las. Plus, people poking fun at the long cvs receipts. The latest way theyre going viral this morning when we return on fbn a. M. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Lauren take a look at this, youveven looking at it might me you want to sneeze. Austin, texas is inundated with cedar pollen and its spreading socalled cedar fever with it. Cheryl texans are reporting vicious allergies, they think it could go through february. This is my worst nightmare. Im very allergic to pollen. I cant look at the video right now. This is the time of year they experience it. Because of the relatively warmer temperatures, they have a bit more pollen in the air. Allergy season, my friends, in texas a. Its 42 in dallas, 39 in new york, so relatively warmer. This is january, right. We have temperatures in the 30s and 40s. We do have a quick hit of winter coming across the midatlantic and northeast today and tonight. So heres the system were watching, not a big storm system but it could bring a little bit of snow across areas outside of the dc region, in towards new jersey, new york city, overnight tonight and new england. So we will watch for that. Again, not a big blockbuster storm but it could cause travel delay as we get into the evening, overnight and into tomorrow morning. There are your totals, not a huge deal. Mainly rain along the coast. Then across the northwest, thats our next storm system moving in, coastal rain and mountain snow across the mountains. Otherwise, pretty goodlooking forecast for the central u. S. , except for the pollen. Except for the pollen. Lauren janice, thank you very much. Cheryl all right. Well, ikea has now reached a big settlement after a tragic accident for one family. Lauren Tracee Carrasco has the details. Tracee joseph dudek was killed after a recalled dresser tipped over on hill. As part of the settlement, ikea you agreed to meet with members of parents against tipovers which promotes child safety. There have been at at least 186 reports of ikeas dressers tipping over, along with 113 more other reports of dressers from ikea tipping over. Ikea recalled the dressers in 2019 and supplied one million anchoring kits to families to help prevent further incidents. Pier one imports saying they will close nearly half of its stores. They will shut down about 450 stores in an effort to restructure its business. Some Distribution Centers may also close as part of the costcutting measures. During the last quarter, sales at pier one stores decreased more than 11 compared to the same time last year. Trading of the companys stock was halted on monday due to volatility. Amazon making your next trip to the pump a little easier. Carls enabled with alexa will be able to pay for their gas by asking for the card to pay for it and confirming the location and pump number. The payments will be processed through amazon pay and the pump will be activated. The feature will be available at nearly 12,000 exxon gas stations later this year. And finally, the latest fashion trend taking aim at cvs famously long receipts. Multiple small retailers now selling scarves that resemble the receipts which have been a target of social media ridicule. The scarves are Available Online and can be customized, allowing you to print anything you want on that receipt. Lauren weve thought of everything. Back to the alexa gas story, i was hoping she would pump the gas. Tracee not yet. Maybe one day. Cheryl alexa, help me lose five pounds. How about that. Tracee, thank you. Lauren the question an 2020 cr Electronics Show underway in vegas. Cheryl brett larson is there with a preview. The big question, what are the hot new things we can expect out of ces . Reporter so much cool stuff is going to be unveiled here during the week today. The show opens just a few hours from now. We are in beautiful las vegas. Couple of trends that were seeing this year. A lot of talk about 5g wireless technology. I know we talked a lot about that last year, we talked about it towards the end of the year. This year we definitely expect to see several more 5g capable handset as the wireless carriers, verizon, at t, tmobile, begin to turn on more of those 5g towers. I know this is something out of the jetsons, this is very future looking. We may finally be closerre closo actual flying cars. Bell helicopter is here with flying demonstrations. Bell helicopter was here last year as well with a flying car device, it looks like a quad copter. Ikea unveiled a demonstration. Saw some very cool stuff from lg yesterday. Lg makes the screens that go into, well, basically all the screens of devices that we like to buy. Our laptops, our televisions that we have in our homes. They showed all kinds of cool stuff. These really thin 8k displays. If you have an hd tv, the 8k display will be better than that. Were a few years away from that. We saw screens that will roll up into your ceiling. We saw the dashboard of the future thats probably going to be in some cars over the next five to 10 years take takes advantage of the flexible flat 8k displays that goes in through the dashboard that gives you lots of distractions when driving around. Lots of cool stuff to see this year and we will be here throughout the day to tell you about it. Cheryl the big question for everybody at home is probably when can they get these items. When are they available for consumers . Reporter usually the stuff we see at ces hits the market in the march and june timeframe. Some of the stuff is a preview for next year or years to come. More stuff well see, smart home devices well see will be ready in time for the holidays for 2020. A big runway for a sneak preview of stuff well see here. Cheryl foldable tvs on my christmas list. Thank you for getting up at 3 50 in the morning. Reporter im trying not to think about local time. Im trying think about home time. Lauren for some reason i dont believe my tv will roll up into the ceiling any time soon. Cheryl come over, because im totally buying one. Coming up next, mcdonalds making enemies, why one local franchise is driving its neighbors mad with new circumstance of all things. Do you think youre handy at home . Why google is becoming the one tool that homeowners cant seem to live without. Youre watching fbn a. M. Hang on, help is on its way. Ill be there as fast as i. Unlike most other cold medicines, zicam is clinically proven to shorten colds. I am a zifan for zicam oral or nasal. Everything your trip needs, for everyone you love. Expedia. Cheryl Mike Gunzelman has that story, good morning, mike. Exactly, residents sacramento, california neighborhood not too happy with mcdonalds because theyve been blasting bag pipe music in order to keep the homeless away. Now driving the neighbors crazy, they can hear in their houses even with the television on. And the homeless, its not affecting whatsoever, they said its a corporate issue, but, of course, maybes not happy regardless, i dont know if the city will get involved; something has to happen here, its called weponized sound and we are hearing more stores and restaurants use it. At 7elevens they keep from teenagers from loitering around. They are using sound to annoy you but this is neighbors, not good. Cheryl real quick, are people to dependent to do stuff . Nearly 40 of young adults have to google how to fix basic maintenance household skills, so, example, 40 say they have no idea how to fix a running faucet, 30 have no idea how to use drywall and 40 dont know thousand unclog a drain, they are all googling, im one of those people as well. I call my buddy and hire somebody to put together my bed frame, listen, i dont know how to do this, google is the answer. Lauren Mike Gunzelman, thanks for joining us in fbn am. Maria tuesday january 7th, top stories before 6 00 a. M. On the east coast, fox business alert right now, growing turmoil in iran, iran threatening retaliation for the death of soleimani would be historic nightmare would be iranians and massive stampede killed people at soleimanis funeral, what it could mean to American Security and the prices you pay at the pump, the latest developments, pointing to higher opening, complete reversal, dow industrials up on top of gains at the lose yesterday, s p up 3 and nasdaq higher by 29, well, the great escape, japan looking to have carlos goshn legally returned to face trial, also issuing an arrest warrant for his wife carol goshn, goshn telling me he has evidence of an actual coupe to take him down. Elon musk has something to dance about, breaking into the china market as the first model 3 rolls out of a factory in shanghai, we are taking a look at big plans to to electrify sales across the world, mornings with maria begins right now. Joining the conversation turning point conversation and iraq war veteran rob smith is with us, Dagen Mcdowell is here with us and wall street Senior Writer jon hilsenrath. We have a lot to talk about, we have breaking news which i have to get your take on, middle east tensions this morning, iran reporting that 35 people were killed and dozens others injured af