Yes, it seems like. A brandnew day. Cheryl and good morning. It is the day after christmas, everybody. Welcome back to fbn a. M. And good morning. Im cheryl casone. Tracee good morning, cheryl. Good morning, everybody. Im Tracee Carrasco in for lauren. Cheryl how was your christmas . Tracee it was great. How about you . Cheryl i watched the numbers go up over my vacation and i loved it. Right now weve got another green start to your markets. We have four trading sessions left for the year, the dow is up 34, s p up 5, the nasdaq, look at this, unbelievable, now of course, we were closed yesterday but the nasdaq hit the ninth record close. Unbelievable. The nasdaq is up a fraction right now. Lauren. Tracee lets take a lot stocks in asia right now, edging higher this morning. The hang seng is closed for the christmas holiday. Good news over there, though. Cheryl mor. Cheryl more gree. In europe, all of the markets are closed. The top story this morning, President Trump is not taking a break on Christmas Day. He slammed what he is calling the scam impeachment b by speakr nancy pelosi. Tracee the president sending a holiday message, calling for understanding and h respect in w year. Ray bogen is live in washington where the impeachment fight is sure to pick up shortly after the new year. Reporter good morning. President trump released a christmas message with first lady melania in which he thanked troops serving overseas and hopedded for peace among nations. Last night, President Trump asked on twitter, why should House Speaker nancy pelosi be allowed to impeach him just because he she has a slight majority in the house. He wrote got zero republican votes. She said it must be bipartisan and overwhelming but the scam impeachment was neither. Also, very unfair with no due process, proper representation or witnesses. Now, pelosi is demanding everything the republicans werent allowed to have in the house. Hypocrites. Heres what he told reporters Christmas Eve. Shes doing a tremendous disservice to the country. She is not doing a good job. We had three democrats come over to our side. Reporter the impeachment process is stalled as we wait for Speaker Pelosi to appoint impeachment managerses and send the articles to the senate for a trial. Pelosi says shes wait forge fair process in the Senate Mitch Mcconnell said hes coordinating with the white house. Lisa mor coul murkowski said ths made her feel disturbed. She said, to me, it means we have to take the step back from being hand in glove from the defense. I heard from senator mcconnell has said. I happen to think that further confused the process. Cheryl and tracee, back to you. Cheryl thank you very much. Now to the latest with north korea. Christmas day ended without a gift from kim jong un. But the u. S. Es is still monitoring the rogue regime after it threatened to launch a missile test on christmas. Aishah hasnie has more as the be president s being urged to ramp up north korean sanctions. Reporter the president facing criticism over how hes handling relations with the north and some are calling for the u. S. To enforce maximum economic pressure. Nothing has come from the ominous threat from north korea to deliver a Christmas Gift to the u. S. , what some speculate to be a long range missile test. But the u. S. Did seem to follow up, according to south korean news, the u. S. Flew four surveillance planes over the Korean Peninsula on Christmas Day. This comes as denuclearization talks are at a stalemate and north korea spent the last year conducting more than a dozen short range missile tests. President trump is shrugging off any threats but this week his former National Security advisor, john bolton, criticized the president s approach, telling axios, the white house has made, quote, no visible progress in getting the rogue nation to stop pursuing new clue weapons. Others taking it a step further, suggesting its now time for the president to punish the north. President trump said he wanted to give p kim a onetime shot to do the right thing. Well, kim has had that opportunity. Hes not reciprocated the goodwill from the president of the United States. So its l time for President Trump to actually make kim hurt and we can do that by cutting off the flow of money. Reporter again, north he korea has not made any hostile moves towards the u. S. But military leaders and the president himself have said that they are ready to respond no matter what that Christmas Gift might wind up being, if there is one. Back to you guys. Cheryl thank you very much. We learned that china stepped up purchases of u. S. Soybeans as the two countries were working to reach a phase one trade deal. Soybean exports to china jumped to a 20 month high in november, to 2. 6 million tons of. Thats a sharp reversal from a year ago when china stopped importing u. S. Soybeans products to nearly zero. At the time, President Trump slapped tariffs on chinese goods and the u. S. Trade war was getting into high gear. China what has promised to buy more u. S. Farm products as part of the phase one trade deal. Were getting comments from Chinese Commerce ministry that theyre in close touch with the United States on signing the phase one agreement. Tracee boeing is sending the faa and u. S. Lawmakers disturbing information about the 737 max. The document dump reportedly presents what one congressional aide calls a disturbing picture over how boeing handled safety issues with the plane. The max has been grounded since the deadly crashes. The new ceo plans to focus on working more cooperatively with the faa to return the 737 max to ser. Cheryl personal phone calls he made to the faa. President trump is now weighing in on californias homeless crisis. The president is warning democratic governor gavin newsom that the federal government will step in if he cant get the problem there under control. According to a federal estimate, california had the most Homeless People in the nation, nearly 130,000 as of january 2018. Newsom is blaming the Trump Administration for the homeless problem in los angeles and san francisco. He says its taking no action on the plan to to address that issue. Tracee some scary moments in israel yesterday. This video shows Prime MinisterBenjamin Netanyahu being rushed off a stage during an election rally. It happened after a rocket was fired into the southern territory. It was intercepted by the Israeli Air Defense system known as the iron drone. Look at that video. Cheryl scary moments there. Tracee pope francis used the Christmas Speech to focus on migrants around the world. He asked for gods protection for people who find themselves before, quote, walls of indifference. He has made advocating for refugees a signature cause of his pontificate. Cheryl here are some mored headlines making news for you this morning. Former attorney for stormy daniels, michael avenatti, report r dalledly was heavily it before his alleged attempt to extort nike. He racked up over 15 million in debt, which he is denying. He calls the accusation bogus. He was arrested back in march and pled not guilty to various charges related the extortion. Thethere are other charges including bank fraud and wire fraud. A Good Samaritan added tiffany you blue to the Salvation Armys red kettles. A mystery donor dropped a ring and two bracelets from tiffany into one of their buckets, expected to be worth thousands of dollars. The l Salvation Army waits 30 days before they accept any jewelry to ensure it wasnt left by accident. Other unusual donations, a century old gold coin in north care. Hillary carolina and a gold bris dropped off in kentucky. Broadway passed the billion dollar mark for the latest season with hot shows like west side storynd a Christmas Carol leading the way, with 17 of the 34 shows hitting 99 of the ther gross potential. It is 7 short from this time last year. And get this, a rookie linebacker for the Pittsburgh Steelers wasted no time getting into philanthropy. Ulysses gilbert paid off thousands of dollars of lay away deputy for 60 people at a Burlington Store in florida. He said he got the idea from other professional athletes that are doing the same thing. Way to get into the christmas spirit. Tracee i love that story. Cheryl he got a multimillion dollar salary from the nfl and first thing he did was give back. Tracee pay it forward. Cheryl weve got a lot to talk about this morning, especially with your money and your markets. Folks, we have four trading sessions left for your markets for 2019 and it is good news all around. The dow is up 36 in the premarket, s p up 5 and a quarter, nasdaq up 11 andahalf. Still coming up, 2019 shaping up to be a great year for wall street and for you and for your 401k. But what can we expect in 2020. Weve got a look ahead for you. And protesters in hong kong facing tear gas on christmas. Is there any end in sight to this monthslong conflict . Stay with us. Youre watching fbn a. M. Its you, babe. And im a sucker for the way that you move, babe. An invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk while our competition continues to talk. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. 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Amazing 2019 and now probably continuing that trend in 2020. And i think, cheryl, you should be optimistic, absolutely. But also cautious at the same time and heres why. Look 10 years ago. The t vast majority of the investing public were quite cautious on stocks. The economic da data was poor. There was a lot of fear out there. Now heading into 2020, and we have a great economy and to the president s credit, the economy is strong and investors are you bullish. My advice is to take a word from warren buffet, when tearful when others are greedy and focus on some sectors of the market that have been left behind over the last decade. Cheryl what are those, jonathan . Precious metals, the Federal Reserve talked about no sign of inflation. Weve seen assets like gold and platinum start to creep up. Those are on my list. Healthcare stocks, that have lapsed in the first part of the decade. One more, shipping, names like frontline and scorpio tankers, look at the areas that have been left behind as we move into what will probably be a strong First Quarter of 2020. Cheryl especially with the u. S. China trade phase one agreement set to be signed at some point, were expecting, one of the things as we look ahead to 2020 is if you look at this year, 2019, there was concern that the markets had gotten too frothy, to your point about being conservative when others arare being greedy. There is a little bit of worry out there that weve overdone it, aka, 2000 and the dotcom bubble. Is there a comparison here at all . I dont think were anything like the dotcom bubble yet. We havent seen that type of craved bullishness that we saw during that period. Stocks tend to be forwardlooking indicators. Once stocks start to turn down, just as they preceded the good Economic Data on the way up, i think until we see the stock market start to crack, you can expect improved earnings and better growth in gdp and earnings for individuals will likely continue as well. Cheryl s p up 28. 6 for the year, Goldman Sachs is expecting that in 2020 the s p is going to rise just 5 andahalf percent. When you see 34 , 35 for the nasdaq, 28 for the s p and then you see 5 coming out of Goldman Sachs, you think wait a minute, what . I mean, come on. Well, i think it goes to the point that it was the movement in 2020, despite the strong economy, theres worries and signs on the horizon, whether it be the election, continuing trade war, regulation or the potential for higher interest rates. We talked about lower interest rates. Higher interest rates, you have to keep your options open and be flexible as we move into 2020 despite the fact that america is still the most prosperous country in the history of the world. Cheryl we had thought that we were going to see the phase two deal with china after the 2020 election. Then the chinese came out and said we want to negotiate right now. That plays into the Political Landscape that were dealing with in an election year. What do you kind of hope for . What is your biggest fear in all of that . Trade is the real wild card, to your point. We still havent seen the u. S. Translated version of the phase one of the trade deal. That prompted a lot of the businesses, in particular, to hold back on investing during 2019. As we move into 2020, i think businesses big and small want to see some element of certainity. Once we see that, youll see Agricultural Prices pick up and Business Investment as well. Lets fix the trade war and get on with the business of america. Cheryl especially when you saw business, especially the shopping that we have seen, American Consumers have been on fire and theyre spending and that is i think a bullish sign. So its been exciting, jonathan. Jonathan hoenig, thank you so much. Happy new year. Cheryl hope to see you again before th 2020. Tracee taking a look at futures, dow you futures up by 34, s p 500 up by 5, nasdaq up by 11. Tuesday marked the nasdaqs ninth Straight Record close. The most since 1998. Joe biden still the man to beat for the nomination but as we head into 2020, can he hold onto the top dog title . Youre watching fbn a. M. Too late tonight. To drag the past out into the light. Were one, but were not the same. We get to its finally time for. Geico sequels classic geico heroes, starring in six new commercials, with jawdropping savings. Vote for your favorites at geico. Com sequels ahhh, which way do i go . i dont know, im voting for our sequels. 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But as we head into 2020, will they be able to keep the momentum going . Joining me now to discuss this is republican strategist john thomas and democratic strategist howard franklin. Good morning, gent