En happy wednesday morning im Lauren Simonetti welcome to fbn amy l. Cheryl its thanksgiving eve. Thanksgiving eve. All right good morning. Lauren good morning. Cheryl Cheryl Casone no food has been made. Lauren money is moving this morning holiday shortened week but look market continues to melt up towards new record highs all three major averages will open in record territory today dow up 37 and 100th record close under President Trump. So many thingses happening in asia and markets are chosely following every twist and turn of u. S. China trade negotiations. Pretty much youve got green across the board xepght for shanghai a little bit of pressure over there overnight. Stocks are trading to the upside as well half of a percent gain in london and in frankfurt. Cheryl we start with breaking news a massive Chemical Plant explosion just happening within last couple of hours this has sent flames shooting through air this is happening near beaumont, texas right now. This doorbell camera footage exact moment the giant fireball rocking homeses for miles near the Chemical Plant. Local reports say the explosion blew out windows, with several neighbors say it felt like a bomb. Right now there is no words on any injuries. But homes within a mile that have manhattan are being evacuated. Cheryl keep you updated but now to this President Trump rallying thousands of supporters in his new home state. Lauren indeed foxs doug has more good morning. This was dubbed home come rally after last month president officially changed residency from new york to florida now the president stopped in sun rise, florida, for this event last night on his way to spend thanksgiving in nearby maralago a Massive Campaign rally and president spent part of it talking up the u. S. Economy. We have economy anywhere in world that is not even close. Unploim is reached slowest level in more than 51 years. And the last 12 months, florida has seen the second largest payroll increase of any state in the nation people are making money. As expected plenty of talk about about impeachment president lashed out at democrats in Congress Also took aim at democratic rival former Vice President joe biden and son hunt per connection to Energy Company burisma pa in ukraine that has been connected to impeachment investigation. If you want to see what corruption looks like, then take a look no further than slow, sleepy joe. Son received millions and millions of dollars from a ukrainian Energy Company despite knowing absolutely nothing about energy. Also antitrump protesters outside event, the president , though, pledged that republicans would take back the house and keep control of the senate and the white house in 2016 if that happens. Florida will have to play a Critical Role the president carried that state by less than 2 percentage point in 2016. Lauren and cheryl. All right doug thank you very much for that report and President Trump also laid out his Administration Plan to allow stays to import drugs from canada. President says that plan will allow people to purchase drug us at lower prices. And President Trump taking a big step despite Opioid Crisis announcing to donating his entire Third Quarter salary to fighting opioid abuse and hours of a that first lady speaking to a group of middle and High Schoolers at the baltimore youth summit on Opioid Awareness met with this response. En you can hear the audience booing there remaining noisy throughout much of her speech. The first lady did not seem phased and later released it this statement. We live in a democracy and everyone is entitled to their opinion. But the fact is we have a serious crisis in our country and i remain committed to educating children on dangerouses and debtedly cons dshes consequence of drug are abuse and fighting addiction is best pillar and crisis blamed for 70,000 fatal overdoses in the u. S. Just last year. Yeah yesterday federal prosecutors want launch criminal investigation into at least six major pharmaceutical firms for role in Opioid Crisis if the pro result in criminal charges this could be largest prosecution yet of drug companies. Allege to have contributed too the opioid epidemic. All right lets move on to trade theres optimism out there. Phase one of the trade deal with china still a work in progress as december 15 president tariff decline approaches President Trump saying in recent interview that hes hold pup phase one of the deal to ensure better terms for the u. S. This news coming as president recently stated his support for the people of hong kong. Well were with them i have a very Good Relationship as you know with president xi were in final throws of a very important deal. You can say one of the most important deals in trade ever. It is going very well but at the same time we want to see it go well in hong kong, and i think it will. I think that president xi can make that happen and a i know him, and i know he would like to make it happen. Well bay gipping has yet to publicly respond to the president support for the protesters in hong kong. J yeah speaking of hong kong lets stay request this story because beijing finally addressing recent elections. That were held over the past weekend, in an editorial that was run by a state run newspaper Officials Say that results are, quote, setback for the citys Democratic Development and that they were skewed by illegal afnghts this is what they are saying. They continued to write young agitator engage in act of sabotage now hong kong won by a landslide winning 90 of the seats in the district counsel that beijing seem to have a different take on that. Over 70 turnout too. All right if you thought back here at home impeachment hearings were over think again. House Judiciary Committee announce to hold first hear a nec wednesday. Our Hillary Vaughn has got more from washington. Hillary, good morning. Good morning lauren, and cheryl next wednesday the house Judiciary Committee will have their first hearing in this impeachment process chairman Jerry Knadler inviting president in his counsel to show pup and participate, hearing will include panel of legal experts who will deliberate whether or not what democratses have on table rises the high crime and dispeerns. Health Intelligence Committee adam schiff saying they are readying their the report to hand off to judiciary then craft article of impeach m but that doesnt mean they arent still is waiting to hear from key witnesses the qhows has stopped from talking. Former qhows counsel don mcgann is appealing federal judge ruling that he must testify to house impeach. Investigators and obey their subpoena but as Judiciary Committee gearing up for first hearing some Health Democrats in swing districts are walking back support for an impeachment. I dont see the value of taking him out of office. But i do see the value of putting down a marker saying not acceptable. Congresswoman lauren quickly changed her tube after her comment went viral interesting she still supports impeachment. House republican debbie who sits on house Judiciary Committee say shes not surprised democrats are feeling the heat. Im not really sure that democrats know what theyre going to do and maybe it will change from minute to minute depending on if they have the votes or think theyre bing to lose sweets in swing district. Congresswoman tells fox news she expects her committee to vote on earlies of impeachment before december 20th. Lauren and cheryl. Lauren thank you very much. Cheryl well with more trouble believe it or not for boeing as trying to get that 3737 max jet back in service. Lauren Tracee Carrasco here now with details and what they have planned might take a long time tracee. Boeing has a new hurdle federal regulators want to innocent and sign off on every jet before delivered to airlines. The faa decision impacts more than 300 planes still sitting in storage. The 737 max has been grounded since march following two crashes that killed 346 people. Changes rolling around at soul cycle ceo melanie has resigned expected immediately. Also stepped down from Company Board of directors. Cfo thunder will serve as interim crossexamination oh a source telling fox business wii land and soul psych physical agree to part way and shell serve as a Company Advisor during the transition process well good news for kids young and old toy are us is back just in time per the holiday. The retailer opening its First New Store in the u. S. Today at westfield Garden State Plaza mall in paramus, new jersey back in 2017 went bankrupt and closed its stores last year. True kids brands bought its at auction and quick iowaly announce plans to revive brand and new store is is smaller format retail space but feature oi con makes cot jeffrey the giraffe and poke fun at the push for impeachment while pardoning thanksgiving turkeys bread and butter. Thankfully bread and butter have been especially raised by the jacksons to remain calm under any condition. Which will be very important because theyve already received subpoenas to appear in adam schiffs basement on thursday. But bread and butter i should note unlike previous witnesses, you and i have actually met. [laughter] the pardon turkeys will spend their at Virginia Tech thats happening now. Pretty funny jokes on the president. All rightlet take a look at how your money is most offing the day before turkey day, of course, markets are going to be closed tom for holiday but right now the dow is up 36 and s p up 6 and nasdaq up 27. 5 coming up, ready, set, shop. Black friday is less than 48 hour away. We have got all of the tips and tricks to help you shop safely and get smokings while youre at it plus are you a little told when when it comes to hot turkey . No. If anybody out there answers yes lauren they may not be alone there are other folk how american feel about their a thanksgiving dinner. Youre watching fbn am. Great riches will find you when Liberty Mutual customizes your car insurance, so you only pay for what you need. Wow. Thanks, zoltar. How can i ever repay you . 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Consumer is helping set optimistic tone for the santa claus rally a big reversal and trade war with china was brew. Capitalist jonathon is here. Jonathon, good morning. Great to be with you lauren. Happy thanksgiving. What a difference makes despite the trade war with china that is well into an over a year now you have best buy, they get a lot of io it ems from china increasing their forecast for the year. What do you expect for the consumer and retail sales . It is going to be very strong and very important black friday especially lawrnl and great to be with you once again black friday accounts for 8 of the Quarter Sales for retailers best buy among them as you said so very important this year. And i expect very strong and theres two real reasons why. First and foremost looked a lower right hand corn e of the screen that is the stock market all time highs. Mean increase Consumer Spending they call it the wealth effect. Other reason is those all time lows in unemployment so the consumer is very strong and thats helping stores like best buy like costco all of the ones that have been able to compete and up their onis line game to better amazon this year. So the president has has room to keep delaying the trade deal with china until he gets what he wants then. Because consumer is strong. Well i tell you the trade war ising having an impact on the market a lot of companies most effected have either eaten those cost rather than pass them on to customer or increase parking lot price of other items so it ising having an effect with this year when it comes to black friday and the Christmas Shopping season. Looks very strong horn. We have a lot of Economic Data ahead of thanksgiving so you get the second look at how fast economy grew in the Third Quarter, also orders for goods we have seen businesses pull back and another negative print is expected for goods orders last month what are you expecting . Thats right weve seen some of the Economic Data affected specifically by the trade war and business invest. And durable goods. Gdp is one im watching most chosely lauren. All of the good strength in the economy and in the the consumer you would expect to be a little bit hotter but the new york fed is estimating only if a 7 tenths of one percent rise and fed only about 4 tenth of a rise so interesting to the economy the consumer is very strong. Businesses i think anticipating their experience and trade war are cutting back. Jonathon that atlanta fed estimate was for fourth quarter. Right by the 4 but that is breasting because consumer is strong, everything seem to be going well in terms of how people feel about things how the economy is looking. Yet gdp we have to get back 2, 3 i dont know well see thank you for joining thus morning. Cheryl well black friday marks start of the Holiday Shopping rush. It is a little late this career but what are secrets behind the best black friday bargains. I wonder it is worth it fox News Headlines isbred larson are you going to be shopping on black friday . Maybe. Maybe. It depending how good wine is on thanksgiving thursday. [laughter] i know the black friday is always when the prices are at their lowest. It is a great time to shop. The couple of things that we wanted that are had always a good thing to buy this time of year televisions and computers and other electronics. Couple of point here, though, a lot of times retailers are discounting this stuff because they want to get it out and out the door consumer electronic show is about six weeks from now. Thats when were going to see all of the new big brighter tvs that are fooding stores by march, april of next year so they want to clear out a little bit of inventory. So lets pop up the full screen here that we have on best deals and you need to read the fine print laptop and pc a good time of the year to buy tv, streaming services a lot of streaming services are doing either bupgd or offering 50 off if you sign up. I remember last year i got hulu 99 cent for whole year so that was a pretty good deal and keep an eye on this Bluetooth Speakers these are things that retailers like to discount to get you into the the store so a speaker toss in the kitchen put in another bedroom thats a good thing to do. But as we noted there read fine precinct because a lot of tv and lab plan tops discounted because it might be last year model. Really quick before you go hardy closing sale but iming thinking doles. Am i wrong here . Were talking online in store. 20, 30 off is what were see kreeses the board. Best if you can get in there if youre in new york for the parade. Pop into barneys. Cybermonday because arent all of these retailers pulling away from cybermonday . With the job line deals on friday . The deals kind of have been coming in drips over past couple of weeks. Ping amazon and other online retailers are going to start to go heavy on monday. Bigger teals start coming in throughout next week. Youll be here for us. Be patient ill be here. Thanks ladies. 24 7 siriusxm channel 115. Lauren all right. And when we come back lets had take a look at your money this morning dow up 32 point. Nasdaq gaining as well, of course, all three major averages closing in record territory yesterday theres opt mism on trade. Weather is reeking havoc on thanksgiving plans across the country folks from getting to where you want to go. Getting that trky dinner theres going trouble headaches across the board were also talking about that thanksgiving day parade. What you need to know about the parade and weather, thats coming up on fbn am. 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