Times. And nearly half of American Consumers are returning a holiday gift this week. Find out why retailers are competing to make returns easier. We begin this morning with a look at todays eye opener, your world in 90 seconds. Were he at the scene of an unspeakable tragedy. This will rank as one of the worst losses of life to a fire in many, many years. A deadly fire stuns new york city. 12 people have died. Were shocked by this loss. I hate it. I hate it the. Millions are bundling up to ring in the new year in bonechilling temperatures that are gripping much of the great lakes place and the midwest. Trump tells the New York Times he thinks bob mueller will be fair. Cities around the country are facing security ahead of new years eve. All hands on deck for new york. Certified doug jones as the winner of the special election for the u. S. Senate. Theres a 1 in 15 billion mathematical chance that was not correct. Apple is apologizing for secretly slowing down apple iphones. Its going to
Dame tessa jowells message, in herfirst interview since being diagnosed with a brain tumour. Coming up on afternoon live all the sport, including. Phil neville, a rather controversial appointment . Absolutely, and definitely not the best start for the new england win ins manager. He has apologised for comments he made about women on social media and says they are not a true representation of his character. More on that later. See you later, holly. And the weather. Yes, hail storms, severe gales blowing through scotland. Things will get better later on but more on that in about half an hour. Thanks very much, tomasz, and coming up, whats with the big pout . 1000 camels a dozen camels have been disqualified from a camel beauty pageant in saudi arabia for receiving botox injections. Hello, everyone. This is afternoon live and i am simon mccoy. I thought things had changed and it is absolutely clear that they havent. We have to send a clear message that this is unacceptable. The words of g
Or the economy or trade. The features all pointing higher. Trendier investors watching her comments out of davos. Mixed bag in europe. Cheryl stocks in asia hit by the weak dollar. The nikkei down over 1 . The shanghai composite down a quarter . Fbn am starts right now. Lauren 501 am in new york. Good morning, everybody. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Davos on everyones mind today as the president makes what is an interesting appearance at the World Economic forum. Turn through the first u. S. President to visit since 2000. Cheryl 18 years since these arrived in davos. Raking is here once again. This has happened moments ago. President arrived in zurich and he is on his way right now aboard marine one, and root to davos. The president expected to urge political and Business Leaders to invest in the united states. How are they at least going to receive this message when the pacific rim trade deal and of course the push for higher tariffs on foreign goods. He
Then they wouldnt be waiting in the middle of the town. We all have requirements on how long we can block thank you. And just if i could, just one more question on distracted driving. Right now only one state received our funding for the distracted driving grant which we would really like to have changed. Theres a ton of money sitting there and we have an emerging problem. Thats why senator hoven and i have sponsored a bill with senator booker to change that criteria to get that money out to states for engsducation efforts. I thought id ask you, ms. Ault, whats kinds of technology . We know thats drivers are doing things they shouldnt do in the cars. A lot of them have admitted to this in sorry have as and ss ss survey surveys. Weve had more than 3,000 People Killed that we know of from distracted driving. Again, these are individuals making decisions on their own. Are there any technologies you think from the Car Companies that could be helpful with this . I can speak not from the Car
Isnt this something that is just absorbed over time as more employers employees make money, they spend more and then youll have to rehire. Isnt this a red herring argument . And my second question is, why dont we just increase minimum wage or do some index so were constantly increasing wages and we dont have to have this discussion. With the minimum wage l on the increase economists by and y large agree that there is a negative impact overall on the economy, particularly on like the 18 to 25 demographic where you see recordem levels of n unemployment. Thats because they do not get the entry level jobs. Employers are not hiring those low level jobs. I wo i would disagree that its a red herring. Theres a real impact on the businesses in this country. I with due respect, i completely disagree with her ngs of readings of the economic studies which have come to conclude theres no significant job loss associated with raising minimum wages. And while it is true that youth hat yout unemploymen