You have a big loss at Deutsche Bank. Take a look at this, the first down week to have year. Dow futures falling 227 points. Volatility reintroduced to our markets and we see in the bond Market Investors keeping close eye as we have been on Interest Rates, there we are, above 2. 8. Upset that it quickly went away from us. Lauren we were just talking tag about Deutsche Bank, if you look at dax falling 1. 3 as a result. We do have good news out of Tech Companies, that could be bad news for rivals in asia, samsung, down about 1 . Lauren ugly day for investors and ahead of the super bowl, the preawkward moment talking about his son. You would support if he wanted to run rounds in the nfl. He would never play football. Not going to let him. To minneapolis for super bowl. Fbn am starts right now. Lauren friday second of february, im lauren simonetti. Im Connell Mcshane. Cheryl casone in super bowl. Lauren absolutely, volatility is being reintroduce intoed the market. A couple of interesting things the fed number would be one, thats what we referenced in the show, their gdp now model, forecasting model says we could grow in the economy of 5. 4 in the First Quarter, higher than anybody else thinks, thats great news, could be too good, the fed is going to start raising rates. Lauren in the jobs report for the month of january f hourly wages go up in a big way or bigger than expected way that could mean inflation is here sending message to the fed. Exactly. You have that plus Deutsche Bank laws but not a very good start this morning. Lauren are you ready . Do we have any other choice . Lauren good point. Expected to release nunes memo drafted by chairman devin nunes alleging that the fbi abused its surveillance power over the trump president ial campaign, White House Deputy press secretary hogan was on fox news at night and explained the president s position. Obviously he supports the ranking file members of the fbi. He believes that they are hard working, he believes they deserve our respect and appreciation, but its obvious too that at the senior levels that reports have shown serious biases for donald trump and hillary clinton. They want transparent to come out. Lauren they are not trying to discredit special counsel mueller or the fbi, nonetheless democrats would say the opposite, they are looking into whether Trump Campaign colluded with russia. Former fbi director james comey tweeting last night in part. American history show that is in the long run whistles weasels and liars never hold the field so lopping as good people stand up. Good morning, where do you come down legally on just the idea of whether or not this memo should be released in. Well, right now its going through all of the proper channels, House Intelligence Committee, it goes to the president s desk, the president has the power to say release it or not release it and then goes back to House Intelligence Committee to make the final determination. If theres nothing classified. If sort of classified information is redacted, theres no reason why the memo shouldnt be released because of the purposes that we heard before. Let the American People know whats out there. Lets go to congressman jim jordan on what we can learn from this. Here it is. When the memo comes out the American People will see very clearly what the fbi told the court to get the secret warrant and what they didnt tell the court and to me that is critical particularly when this all happened in the context, you know, campaign for the presidency of the united states. On that question of what they may have not told the court, what might have been withheld applying for fisa warrant, what would you say there, what would they maybe held back. It was important to know what was presented because what we have here is a very specific procedure in the fisa court in order to obtain a warrant. We are talking about a warrant to get information during the course of a political campaign, to to the extent that the warrant was was gotten under the guys of unverified information in this dossier or certain information that could have implicated others was not presented to the court, that omission could be seriously problematic and critical that we figure out what was presented. Yeah, finally, what do you think is next in all of this, say it does come out and obviously its tough because we dont know exactly whats in it yet but presuming it is something along the line that is youre talking about that comes out, whats next . Another investigation . Look, there could be the potential of another investigation. We are all opining about whats in the memo and we are not going to know until we read it. But another investigation is a possibility. The other possibility is that a lot of whats happened in the Mueller Investigation is rendered null and void, thats the theory of the fruits of the poisonous tree. All of the evidence nay never be admissible. A little bit ahead of ourselves, you build something up so much that it doesnt turn out to be what you expect. We will see, or hopefully we will see later today. Lauren lets move onto immigration. President trump lamming democrats at rnc last night. Our immigration situation, i think, it has a chance. You know the democrats are awla, they are missing in action, we are saying, where are they, we have a proposal, we never hear from them because i dont think they want to solve daca problem, i think they want to talk about it, i think they want to obstruct, you know, the name is resist. Lauren well, the president followed that up with this twoat last night, democrats just arent calling about daca, nancy pelosi and Chuck Schumer had to be moving fast or disappoint you again, we had a great chance to make a deal or blame the dems. Its coming up fast. 1,000 people begin to lose daca protections each day, earlier yesterday the president warned he could walk away from immigration talks altogether, quote, we will either have something thats equitable, secure or have nothing at all after spending the week at maralago the president does plan to visit ohio, he has a trip out there monday where he will be pumping up the tax cuts. Lauren yes, hes talking about infrastructure and tax cuts, what happens to immigration. Lets take a look at amazon, quarterly profit topped a billion dollars for the first time. They were helped by the tax code changes plus the popularity of alexa. Here is the companys cfo. We have record device sales, we have very highlevels of Customer Engagement increased levels of voice shopping, growth in functionality, growth in our partners we work with. Lauren hey, alexa, how are amazon shares doing this morning . 14,065 in the premarket. First time thats happened, even though it sold fewer iphones compared to what we saw a few years ago disappointing revenue guidance for the quarter. So you think, well, maybe the stock will sell off, thats not the case, investors are looking at the positive here and apple sup by more than 2 ahead of opening bell. The one that did disappoint even in the market size googles parent alphabet, missed on earnings, still a miss for google or alphabet and that stock is down by nearly 4 in premarkets. Lauren its not just tech earnings, its also the jobs report, wall street watching for that for month of january, payrolls increase 180,000 from 148,000. Unemployment rate is expected to hold steady at 4. 1 that the president has been touting. Complete coverage, of course, of the jobs report, big one, jobs in america later on this morning on mornings with maria, the coverage, the special coverage begins at 8 00 a. M. Eastern and gary cohn is on today with stuart, top economic adviser joining Varney Company at 9 45, stay tune to that as well. Lauren remember when futures were flat before the jobs report, we are not seeing that today, we have we havent seen that in the last couple of reports. Other things that are going on in the markets but shell lauren Cheryl Casone will be coming up. We are taking a look at her now. Cold in minneapolis. Its still early in minneapolis. All the buzz for the game on sunday. No one is excited around here because everybody hate it is patriots. Well, yes. The whole bostonphiladelphia doesnt go down to well in new york so whatever. Record profits for amazon and the to be is soaring ahead of the opening bell this morning. We will talk more about that. Alexa show me a recipe for grill cheese sandwich. Youre 38 years old of age and you dont know how to make a grill cheese sandwich. The name is the recipe. Got it. Warning of netflix users about new email scan and will stay on the markets with the dow futures now down 242 points ahead of the open on wall street, back in a moment, fbn am. A lot happening now. A 12yearold los angeles girl in juvenile lockup after firing a gun in middle school yesterday, she injured five people including a 15yearold who was shot in the head. Hes expected to recover. The police call it accident, negligent discharge of a firearm, its unclear how she came into possession of the gun in the first place. Oldest son of fidel castro has killed himself, he was 48, fidel castro had been suffering from depression, he was known for his distinctive beard resemblance to his father owning him the nickname little fidel. Please dont fall for email scam that tells netflix customers their account has been deactivated because the company could not validate billing information. Gives you the option to click on link to enter credit card info, dont do that, its bogus. We have done public service. Lauren i want to show everybody how futures are trading, they took another leg down, down 275 points. Seconds ago down nearly 300. This is a 1 decline. This is an opportunity to bring in our next guest because we are talking about tech earnings that were really good from apple and amazon, record results after the close yesterday, daniel is the chief Strategy Officer at gbh insights and yoins we heard from three tech giants last night and they represent 2. 3 trillion in market value. Jofer all market down in a big way, why do you think that is . Look, weve had a big run special in tech names but it really comes down to fundamentals and if you look at the quarters last night, amazon was a clear blowout and you look at google on top line, strong advertising growth which is really the key here even though they missed on profit and good enough guidance, in apple, there was a lot of fear, i will call it panic in overall and looks like buybacks are on the way and we viewed these as you feel better about the fangs and tech in the next six months given what we have seen in earnings. With amazon front and center is our top pick. Lauren daniel, these are tremendous companies, they are not stiming the declines we are not seeing in futures market. Dow is down 1 , the dow and nasdaq not down as much but still down pretty sharply. Yeah, i think what youll see across the board, youll see some red, investors are derisking and worrying about some of the macro issues as well as just Interest Rates, if you look at the core fundamentals on Technology Names right here, i think its time to be overweight on the names. You have seen in earnings and saw in netflix last week, theres Consumer Trends on ecommerce, on advertising, on social media which are just massive and you see on the Enterprise Cloud with microsoft having phenomenal earnings, these are all sort of things that we resinate. When you look at this earning season, you walk away feeling that the growth and fundamental drivers look stronger going in 2018 than 2017. I think you could see multiple expansion in the stocks continue to move higher. Lauren apple comes out with their much delayed home pod, the more expensive digital system, if you will, next week, a little bit game to the next week. Do you think they are too concerned about iphone sales and not focusing enough on other parts of the business . Yeah, iphones are the bread and butter and that speaks to a company that generates more cash than some countries. But when you look at home pod, there was a snafu there and that really did hurt them. If you look alexa and ecosystem, thats 15 billiondollar renew opportunity over the next three years. I think for apple its about what is the second app. That could be a 50 billiondollar revenue and by 220 but they definitely need to look on that sort of, you know, home ecosystem, smart home, home pod is beginning to be uphill battle, then its about do they make acquisitions. Lauren daniel ives, thank you very much. Thanks for having me. Interesting day, we will see how it all turns out. Im blaming much of the selloff on ground hog day. Lauren bill or chuck. We are looking in pennsylvania, watch this. A thousand people freezing their butts waiting to worship a rat. Thats right, we dont need grond hog year, we have janice dean come up with the real weather forecast. Shes coming up in a few minutes as a matter of fact, we will get back to the markets, one thing its eyepopping to see, remember the markets run up so much that its only 1 , we will be back with more in a few minutes. Starting with advanced manufacturing that brings big ideas to life. And cuttingedge Transportation Development to connect those ideas to the world. Along with urban redevelopment projects worthy of the worlds top talent. 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. It can power your apps with Public Services without starting from scratch. It brings your business up to speed, doing more with systems you have in place. It can bring all your apps to life and run them within your data center. It is. The new ibm cloud private. The cloud thats designed for your data. Ai ready. Secure to the core. The ibm cloud is the cloud for smarter business. Livin in this crazy world so caught up in the confusion nothin is makin sense for me and you maybe we can find a way theres got to be solutions how to make a brighter day what do we do . Weve got to give a little love have a little hope make this world a little better try a little more harder than before lauren take a look at the futures board this morning, tough week for stocks, certainly a tough day with dow futures down 250 points. We have pretty bad numbers from Deutsche Bank thats weighing on the Banking Sector in europe and likely here as well. The jobs report coming out in two hours from now. If wages goes up, that sends signals to the rate, hey, keep hiking rates and finally here at atlanta fed, 5 plus percent gdp growth. Well, might be time to keep raising the rates. Model for First Quarter that says that, maybe a little too fast to your point. We will keep on on the of the markets throughout the day. As you go to the weather with janice, many of us are wearing red its because the American Heart Association go red for women day, the idea to raise awareness of heart disease. Number one killer. Lauren number one killer of women, a lot of people think its Breast Cancer because its cardiovascular disease. A great cause. Lets bring in janice dean, we can explain why we are wearing day and why janice had added let me guess, ground hog day. This is like your big day, like your super bowl. Janice you cannot stand it. I know its digging your world. Janice next year connell, youre coming with me and i need to make you a believer. I know you had a big moment last year, i dont want to take it away from you. I am in the Punxsutawney Hall of fame. If you see the shadow, six more weeks of winter, no shadow, early spring. Hes only been correct 39 of the time. There you go, probably six more weeks of winter, its 11 with the windshield of minus 5 in punxsutawney, feel like minus 10 in chicago and cold super bowl this weekend. Quick look at radar, a system thats bringing rain along the coast and snow behind it, the cold front moving through. We will see this one exit and another system move in this weekend, sunday into monday, we will have to watch this one because it actually could be a big snow maker as we head into monday. All right, happy ground hog day. All right, im on board. I feel bad. Janices day. Lauren what about Staten Island . Janice im not sure, de blasio hurt him badly a few years ago, i think. Lauren thank you. Fake news. Thanks janice, good to see you, you look great. Lauren even as ground hog. President trump is ready to walk away from immigration deal if the democrats do not get serious about negotiating. The democrats are awal, they are missing in action. We are saying, where are they, we have a proposal, we never hear from them because i dont think they want to solve the daca problem. Lauren and may not be the First Company to announce employee bonuses because of tax cuts but its the first one to throw in the snack. Dow future down 278. Well done. Oh, manatees. Aka the sea 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. The democrats are awal. They are missing in action. We are saying, where are they, we have a proposal, we never hear from them because i dont think they want to stol daca problem. Lauren thats breaking news at this hour, President Trump said he will walk away from daca deal if if democrats dont get serious about negotiating, is daca dead . We will talk about that, all the earnings from tech titans, those stocks are set to open higher in trading this morning even with the market down. Google parent alphabet disappointing and that stock is under pressure. Lauren we will show you the damage in the futures market, you can see dow futures down 279 points. Theres also worry that a Str