Of domestic violence. The white house wants to beef up the background checks system with more hiring and funding and more funding for Mental Health treatments. Those are asks. John and christine. Thank you, michelle. Reaction to the gun proposal was swift from both sides. Hillary clinton applauding the president. Promising she would keep and expand his plan. I am so proud of what the president announced today. What the president will be doing in the next week is an executive order. The next president on the very first day could wipe it away. You know, i wont wipe it away. Gabby giffords gravely wounded in a rampage six years ago said thank you, potus for standing up to the gun lobby when the congress wont. The other side, ted cruz promised to reverse any of executive orders if he is elected. The president is expected to roll out sweeping new executive orders trying to take away our Second Amendment right to keep and bear arms. Well, president obama may have a phone and may have a pen, but if you live by the pen, you die by the pen and my pen has got an eraser. Pawn ryan slammed the executive action in the state. President obama is subverting the legislative branch and proper tensionally overturning its will. Ryan said that no president should be able to reverse legislative failure by executive fiat. To help us break down the proposal, lets bring in our political reporter eric bradner. Good morning. Good morning. Will the president s executive actions on guns this week, town hall on cnn on thursday, is that the eoxygen fr the campaign here for the next few weeks . It will. This is evidence that the party two parties live in different worlds. Republicans are promising to undo everything the democrats do. Democrats say they wont. This is the way for president obama to insert himself in the middle of the election and make it a referendum on his actions. With the big pr push, including the special on cnn on thursday night, the actions that are being rolled out today, he will take center stage and enforce gun control to be the issue. The responses are predictable. Like you said. Republicans are against him. There is no evidence at all at this point of any sort of thawing between the parties. It is hard for an incumbent lame duck president to stay quiet the Enter Campaign season. We will see with all of the personalities on the campaign trail pulling focus. Including one in New Hampshire. We saw bill clinton on the stump campaigning for his wife, hillary. He had two events in New Hampshire. Eric, you had a close eye on the events. Lets listen to a clip. Every president ial election, people run and believe it or not, its scary this year, but believe it or not, most everybody actually tries to do what they say they will do when theyre running. Theyre telling you what they believe. So you have to take them seriously. You also have to take seriously if they have any chance of doing what they will do or any record of doing it. It is interesting. Bill clinton known by many as a fiery campaigner. A captivating speaker. It was more subdued. He talked less about himself. He focused on the candidate, his wife. The big dog was on the leash. He stuck to the tactic that Hillary Clinton stuck with the last few days and trying to make the argument against republicans about policy. You know, talking about alluding to when trump offends a big swath of people. Saying he will do what he says he will do. But, yeah, bill clinton tried to show a softer side of Hillary Clinton. He spent a lot of time talking about the details of when they met nearly 45 years. It is a role spouses play in politics, trying to soften the candidates image. That is what bill clinton was doing. Fairly subdued. It was own the hourlong highlighter. It was like a prepared ad for donald trump. Until now, it has been free publicity. He has been able to captivate his crowds with packed speeches and television interviews. We got the first look at the ad. It is vintage trump. Exactly what he has been saying on the campaign trail put together beautifully in the ad. Then he talks about the border and flap about the picture. We will show you in just a second. That picture right there. That is not mexico. That is morocco. In true trump fashion, tell us about the response of his team. His Campaign Manager released i cant repeat what he said. Basically no kidding, its morocco. His Campaign Said they meant to do that basically. They wanted to show the effect of the border. They are going for dramatics. It seems like a bit of a stretch to say somebody meant to put morocco in a campaign advertisement. That is their story and they are sticking to it. It has the desired effect. For the people who are terrified of the border, donald trump says he will build a wall and make mexico pay for it. It is scary. Absolutely. Thats what donald trump is going for. He is trying to say here is what we have to fear. Here is what im going to do to stop it. That is his tactic. To play on peoples anxieties and fears. Demonstrate he has the strength and Leadership Qualities to do something about it in the way typical politicians dont. That is his argument. Agree with it or not. This ad gets to it. Politico said this is morocco, not mexico. Fact checking has not hurt him at all. For commercials, it is about emotion and getting people riled up. I want to shift gears to Chris Christie. On the stump. He gave a big speech in New Hampshire. He had one bit of a speech right now if you listen carefully. He seems to lash out at everyone else running. Lets listen quickly. Show time is over, everybody. We are not electing an entertainer in chief. Showmanship is fun, but it is not the kind of leadership that will truly change america. If were going to turn our frustration and anger with the d. C. Insiders and politicians of yesterday and carnival barkers of today into something that will change american lives for the better, we must elect someone who has been tested. So the d. C. Insiders, marco rubio and ted cruz. Politicians of yesterday, i think jeb bush in his world. And carnival barkers, i assume he is talking about donald trump. That leaves in Chris Christies world, Chris Christie. Exactly. Maybe john kasich fits the bill. Maybe it was a Campaign Effort for john kasich. Chris christie is making a play for New Hampshire right now. He is trying to become the establishment candidate. The dark horse to really consolidate establishment support. He does kind of have an opening here in he has the bombast and Big Personality of trump. He has the experience of someone in office and politics. He might be more of a known commodity. He is really trying to consolidate the establishment support. Especially attract people who might think jeb bush doesnt have it this year and Marco Rubio Might be a bit too plastic or Something Like that. So youre seeing him and rubio going at each other at this point. Yeah, the first term senator thing, especially, is an effective attack on rubio, cruz, rand paul. Portraying them as the gop version of president obama. Eric, thank you for joining us. A special programming note. Anderson cooper joins president obama for the town hall live. The president will take questions from the live studio audience. That will be interesting. A town hall on guns in america with the president moderated by anderson this thursday at 8 00 p. M. The big story about your money this morning. Can Global Markets find their footing . Stock futures are lower again this morning. Chinese stocks could not rebound from horrid losses monday. Tensions in the middle east adding to the worry on wall street. The dow closed down 267 points. That is about 1. 5 . It is still about 4 away from being in a classic correction. That is defined as decline of 10 from a recent high. That did not make it feel better. The average dip below 17,000 for the First Time Since october. A bad start to 2016. Get used to it. It could be a rough first quarter. China is the main reason for the wall street worry. One trigger for the selloff, a bad december manufacturing report from china following years of wildly strong growth. What is going on with the chinese economy . Can the governments numbers even be believed . I want to bring in cnns matt rivers in beijing. Matt, you did not see another 7 loss and having to shutdown the market in shanghai. Thats the plus. The negative is there was no decisive rebound here. This was not as if everyone said monday was a fluke. Lets buy stocks. Reporter yeah, this was, i guess, a relatively good day here in china after the debacle that was monday. The first trading day of 2016 did not go as officials had planned here in china. T i think the reason you saw a more stable day. The shanghai composite was above yesterdays closing number for the day. It closed slightly lower than it did yesterday. That said, the reason you saw more stability here is because the government did come out and issue a statement and take pretty serious action. One of the things they did was assure investors they would not allow the kind of selloff that occurred on monday to happen in the coming days, which is something analysts were fearful of. The government did not say how they would do that, but they would step in if that occurred. The other thing is inject more liquidity by adding roughly 20 billion. You saw investors take a slight sigh of relief. The plunge in stocks monday in china testing the governments ability to control and manage the fallout. Both in the economy and stock market. We will watch closely. Matt rivers, thank you. Breaking news this morning out of the middle east. A new arab nation breaking t ti was iran. The wrist with saudi arabia and iran gripping the area. Stay with us. cell phone rings where are you . Well the squirrels are back in the attic. Mom . Your dad wont call an exterminator. Can i call you back, mom . He says its personal this time. If youre a mom, you call at the worst time. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. Its what you do. Where are you . Its very loud there. Are you taking a zumba class . What makesheart healthysalad the becalifornia walnuts. R . The best simple veggie dish ever . Heart healthy california walnuts. The best simple dinner ever . Heart healthy california walnuts. Great tasting, heart healthy california walnuts. So simple. Get the recipes at walnuts. Org. All the strength and freshness, now easy to lift half the weight, smells great. Find the litter that works best for you. Every home, every cat. Theres a tidy cats for that. Not much has changed. Except its ridiculously powerful. Which makes everything faster. Maps. Shopping stuff. Businessy stuff. This kind of stuff. Uhhh, this kind of stuff. And student films. Dont look like student films. Jon favreau is this a student film . Get these kids on the phone. Dude, that is a phone. So, other than being the most powerful iphone ever. Not much has changed. Hey siri, good night. And. Power down. Breaking news from the middle east this morning. Moments ago, kuwait is recalling the ambassador to iran. The uae has done the same. Allies in bahrain and sudan have done the same. I want to bring in Cnns Frederik Pleitgen monitoring the developments live from london. Good morning, fred. Reporter good morning, christine. The war of words with the saudis and iranians is escalating as the situation in general. The saudis late yesterday said they were not only breaking off diplomatic ties with the iranians, but economic ties and banning all flight was saudi arabia and iran and also not allowing saudi citizens to travel to iran either. We can see the saudis who are angry accusing the iranians. This is all over the killing of a shia cleric and that led to the storming of the Saudi Embassy. It is interesting. The president of iran, rouhani, moments ago was quoted on state media, quote, the saudis cannot cover up their crime, referring to the execution, by breaking off diplomatic ties. However, the iranians are also trying to step back after that embassy storming, saying that was something that went too far. The Iranian Ambassador to the u. N. Said that went too far. It doesnt look like either side is backing down. It is a dangerous situation. Fred, thank you. New this morning, an arrest following a deadly bus fire in northern china that killed 17 people and injured 32 others. Chinese authorities confirm they have taken a suspect in custody. The incident took place in the town of yinchuan. Look at that picture. Police are not revealing the possible motive. All right. Big changes in the nfl. A future hall of fame coach out of a job. And no fewer than three teams trying to pull off a move to los angeles. Why . Why . When was the last time a Football Team worked in los angeles . Coy wire with the Bleacher Report next. Maps. Shopping stuff. Businessy stuff. This kind of stuff. Uhhh, this kind of stuff. And student films. Dont look like student films. Jon favreau is this a student film . Get these kids on the phone. Dude, that is a phone. So, other than being the most powerful iphone ever. Not much has changed. Hey siri, good night. And. Power down. It took Joel Silverman years to become a master dog trainer. But only a few commands to master depositing checks at chase atms. Technology designed for you. So you can easily master the way you bank. Watching tvs get sharper, youve had it tough. Bigger, smugger. And you . Rubbery buttons. Enter the x1 voice remote. Now when someone says. Show me funny movies. Watch discovery. Record this. Voila. Remotes, come out from the cushions, you are back. The x1 voice remote is here. The end of the era for the new york giants. Head coach tom coughlin announced he is resigning. Coy wire has more in the Bleacher Report. Good morning. The 69yearold coached for 12 seasons. I talked to one veteran who won a super bowl under coughlin. He said it was his kind heart that won the hearts of his players. Three straight losing seasons, coughlin refisignresigned. He said stepping down was in the best interest of the organization. Eli manning, one of coughlins supporters, talks about the man he respects. He has done a great job. He definitely has not failed. I feel we as players, we failed him by not playing to the level that we could. The giants will hold a press Conference Today at 10 30 eastern. In a move yesterday, the colts didnt cut head coach Chuck Paganos time short. They extended it. He was rumored on the way out after the colts missed the playoffs this season. Pagano is a fighter. Just three short years ago, he fought leukemia and according to andrew luck, he is a bastian for the team. Three nfl teams filed applications to relocate their teams to los angeles. The rams, raiders and chargers, who would likely share a stadium. The nfl owners could decide as early as next week at the owners meeting which team or teams would move there if any. 24 of the 32 owners have to approve the move. We had a thriller in college basketball. Kansas and oklahoma. Sooners senior buddy carrying the okies. He drains this triple pointer in overtime. With 12 seconds to go, oklahoma down one. Trying to inbound. Frank mason giving him enough room . No call. He gets the steal. Then under eight seconds. A threepointer is just off the mark. Kansas hangs on for the win. 109106. The big 12 representing for you, christine. Four Iowa State Cyclones will get a shot at the jayhawks in three weeks. What do you say . Go state. The cyclones dont disappoint until the tournament. We are doing that again this year. Thank you, coy. President obama will layout his executive actions on gun control. More background checks . No. He will expand those for background checks and Mental Health funding and more. What will it do in the battle against gun violence . trap door opening rootmetrics in the nations largest independent study tested wireless performance across the country. Verizon, won big with 153 state wins. At t got 38, sprint got 2, and tmobile got zero. Verizon also won first in the us for data, call speed, and reliability. At t got. Text. Stuck on an average network . Join verizon and well cover your costs to switch. Resoroc® retinol. Eads its up to two times stronger than imitators try roc® retinol correxion® night cream. 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When agerelated macular have degeneration, amd we came up with a plan to help reduce my risk of progression. And everywhere i look. Im reminded to stick to my plan. Including Preservision Areds 2. My doctor said Preservision Areds 2 has the exact nutrient formula that the National Eye Institute recommends to help reduce the risk of progression of moderate to advanced amd. After 15 years of clinical studies. Preservision areds 2. Because my eyes are everything. President obama just hours from now unveils new gun proposals to the nation. What are the details . Well talk about whats inside. Well discuss new controversy. President ial hopeful scrambling with less than four weeks to the iowa caucuses. Market jitters around the world this morning. We have the close eye on the markets. How is china doing after the epic selloff yesterday . We have fresh reports from around the world. You have to stop the selling before you rebound. Welcome back to early start. Im john berman. Im christine romans. 30 minutes past the hour. President obama will announce his executive action on guns in just hours. We know the general shape of this plan after meeting with the attorney general and fbi director. Much of it having to do with background checks. He took to twitter to sell his vision. Here is one of several tweets aimed at the nra. The gun lobby may be holding hostage. We cannot accept this carnage in our communities. In many ways, the president s plan on guns is narrow and limited. Some parts bypass capitol hill, but many require congressional funding and congressional approval. Even so, the plan is infuriating republicans. They are vowing to stop it in the court and stop it in congress and oval office if they win it. Cnns Michelle Kosinski has more this morning for us from the white house. Reporter john and christine, you see the administration trying to make every change they possibly can. Because these are executive actions and not acts of congress, immediately you see the limits that theyre up against. They are presented as proposals or guidance or encouragements. By no means are these new laws. The biggest deal is background checks. The white house says if you are in the business of selling guns, whether two guns per year or 200,000, whether at gun shows or on the dark web, you need to register and all of your buyers need background checks. There will be harsh penalties if you dont do that. The question is out there. How is the federal government going to make you do that and how will they track you down if you dont . The white house sent a letter to every state governor urging them to make sure more information goes into the background check system. Things like people who are disqualified for Mental Illness or convictions of domestic violence. To make sure that information goes in, but enforcement is a question. The white house wants to beef up the background checks system with a lot more funding and hiring. Much more funding for Mental Health treatment in the country. Again, those are asks. Congress ultimately would have to approve that funding. John and christine. Michelle kosinski at the white house. Where in a few hours we will hear from theme president. Hillary clinton applauded the president and promised if she is elected, she would keep and expand his ideas. I am so proud of what the president announced today. What the president will be doing in the next week is an executive order. The next president on the very first day could wipe it away. You know, i wont wipe it away. Former representative Gabby Giffords that was gravely wounded six years ago, she tweeted, thank you, potus for standing up for the gun lobby when congress wont. On the other side, ted cruz promised to reverse any executive orders on guns if he is elected. The president is expected to rollout sweeping new executive orders trying to take away our Second Amendment right to keep and bear arms. Well, president obama may have a phone and a pen, but if you live by the pen, you die by the pen and my pen has an eraser. Paul ryan said the president is subverting the legislative branch and overturning its will. The gun rights were debated by the senate and rejected. Ryan said no president should overturn congressional failure. Lets talk about the gun prop e proposals and political news. Lets bring in cnn political reporter eric bradner. President obama is in his final year in office. The first votes are less than four weeks away. How much of the spotlight can he see . President obama will take the attention away from candidates this week. The problem is theres nothing that seems to shake up the Typical Party line divide here. Republicans are totally against everything he is proposal. Democrats are for everything he is proposinproposing. There is no sign of thaw. That brings up the usual for the last year in office. No way to force this to a political resolution when everyone is entrenched and he is leaving office. He will demand some attention. Candidates are talking about the proposal. He will do everything he can to make a big Public Relations push, including the cnn special this week. Theres a limit here. Wont be the focus from now ly through the first votes in iowa in early february. What is the metaphor . He will leave everything on the field. Leave it all on the field. He is not talking like nobody who is a lame duck president that cannot get anything done. Pushing on doing something on gun violence. There are those who argue that it is narrow what he can do. Republicans say otherwise. Lets talk about bill clinton. The big dog as you say, on a leash, yesterday. Campaigning on the stump. Campaigning for his wife. Lets listen to what he said yesterday. Every president ial election, people run and believe it or not, its scary this year, but believe it or not, most everybody actually tries to do what they say they are going to do when theyre running. Theyre telling you what they believe so you got to take them seriously. But you also have to take seriously if they have any chance of doing what they say they will do. Call me crazy. He will not speak directly about donald trump, but he is speaking about donald trump. Exactly. Bill and Hillary Clinton have tried hard not to respond to the really personal attacks from donald trump. Instead, they want to keep it focused on policy. The argument he was making there is all of these controversial policies trump is rolling out, you have to believe he will try to actually implement them. That is the case the clintons see as advantageous. That is why they think they can win. Bill clinton was also playing the traditional role of candidate spouse trying to offer a softer image of Hillary Clinton. He was talking about when they met 45 years ago. He was in love with her and everything she touched she made better. It was a really restrained day for bill clinton. He wasnt delivering an hour long speech we are accustomed to hearing from him. I want to talk about one of the emerging aspects of the campaign. The establishment lane on the republican side. Chris christie, marco rubio and jeb bush. Yesterday, Chris Christie gave a speech and Campaign Staff pointed to speech where he really tried to define his candidacy. Lets listen to this. Show time is over, everybody. We are not electing an entertainer in chief. Showmanship is fun, but it is not the leadership that will truly change america. If were going to turn our from us is administration and anger with the d. C. Insiders, politicians of yesterday and carnival barkers are today, into something that will change american lives for the better, we must elect someone who has been tested. The big question, eric, how do you win the establishment fight and how do you do it without just strengthening donald trump or ted cruz at the same time . Right. Absolutely. Theres got to be a process here. Marco rubio and Chris Christie and jeb bush all running for the same lane of establishment reporters. It looks like New Hampshire is the place where that happens. Christie is trying to generate momentum here. You know marco rubio is the leader out of that pack is a little worried about him. Rubios targeting christie in a new ad. Its going to be tough for any of these candidates to take on donald trump and ted cruz who have broken away from the pack. To do it, to have any chance at all, they will have to knock some of the others out of the race. Christie has put all his hopes on New Hampshire. That is where he is campaigning nonstop for months. You have to figure one of the candidates will probably get hot between now and the first votes being cast there in a little over a month. The question is who will it be. How hot. Cold in iowa, but the politics are hot. Thanks, eric. We love it when you come by. Special programming note. Thursday at 8 00 p. M. , president obama will join Anderson Cooper for a live town hall event about guns in america. The topic obviously is executive actions he is announcing today. He will take questions from a live studio audience. The town hall on guns in america with president obama moderated by anderson thursday night at 8 00 p. M. On cnn. Time for an early start on your money. Global markets turning lower after a brutal start to 2016. Futures here in the u. S. Are down. Markets in europe started higher, but look, they have turned down. Concerns about china and the middle east have investors cautious. Last years wall street darlings just hammered in the global selling. Amazon and netflix, the two best performers in the s p, they suffered huge losses on monday. Including facebook and alphabet. Risk off is how the market pros describe it. Sell stocks. Buy bonds and gold. That happened. Gold topped 1,000 an ounce. It is rising again this morning. 5 40 a. M. Christine romans with name calling. Finger pointing and name calling. I just call it like i see it. A new arab nation breaking ties with iran. We have developing news out of the middle east this morning in the conflict raging with saudi arabia and iran. How will this end . Thats next. I drive a golf ball. I drive to the hoop. I drive a racecar. I have a driver. His name is carl. But thats not what we all have in common. We talked to our doctors about treatment with xarelto®. Xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. Xarelto® is also proven to reduce the risk of stroke in people with afib, not caused by a heart valve problem. For people with afib currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. 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Xarelto® is the number one prescribed blood thinner in its class. Well that calls for a round of kevin nealons. Make mine an arnold palmer. Same here. With xarelto® there is no regular blood monitoring and no known dietary restrictions. Treatment with xarelto® was the right move for us. Ask your doctor about xarelto®. Breaking news from the middle east this morning. Moments ago, kuwait announced it is recalling the ambassador to iran. Uae has done the same. Bahrain and sudan have done the same. The iranian leader or president responding as well. Lets bring in cnns Senior Correspondent Frederik Pleitgen who is watching these developments. Good morning, fred. Reporter rouhani was quote odd press tv, the government run Television Network saying saudi arabia cannot cover up its crimes by breaking off diplomatic ties. This in reference to the row that has been going on, john, where on saturday, the saudis announced it has executed a shia cleric. That sparked protests in tehran where they breached the Saudi Embassy grounds and set the embassy on fire. That caused the strong reaction by saudis breaking off diplomatic ties and economic ties banning all flights with the nations and not allowing saudis to travel to iran. Other nations followed suit. Uae and sudan and bahrain and now kuwait. This seems there is no sign of letting up whatsoever. It is, of course, a situation with grave implications for the broader middle east. Any ability for the United States to step in and deescalate or is that too thorny . Reporter the u. S. Does not want to be a referee, but called on the countries to go back and deescalate tensions. The u. S. Has leverage with the saudis. It has been tense, but the reason for that is the u. S. Is starting to gain a new relationship with iran after the nuclear agreement. There is certainly some leverage. However at this point in time, the u. S. Believes it is better to get the countries to sort it out. There are other countries calling for them to tone things down. Fred pleitgen, thank you. Im sure they will have a lot of this on new day. Alisyn camerota joins us now with a look at what they have in store. Guys, we will have a lot of that on new day. Also president obama unveiling executive actions on gun control in a few hours. We will break down what he is proposing and we will debate whether it goes far enough or if it overreaches. The president s Senior Adviser Valerie Jarrett joins us. We will get reaction from team trump. Armed activists refusing to leave the wildlife refuge in oregon. We will have what will happen next. Thank you, alisyn. Freezing temperatures in the northeast will give way to a warm up. Will it last . Lets get to meteorologist pedram javaheri. John and christine, the cold weather pattern is short lived. You see the picture for wednesday and thursday. We have a mild pattern come in. It will be short lived. Current temperatures with 4 degree windchill in new york city to minus 2 in philly. 8 below in northern maine. 20 below zero when you factor in the winds. There is the pool of cold air. Thursday afternoon. By friday and saturday, it moderates a bit. You get a bit of a hint of cold air coming back in. It settles sunday into next wednesday, we could talk about record cold temperatures after record heat that was set in recent weeks. Minneapolis, temperatures above normal for the next couple days. The bottom drops out with incredible force. Getting down to zero for the high temperature. The average being around 24 for this time of year. Looking at next week. This is where the coldest air settling across the midwest. The average temperature in the northeast. The forecast in new york city looks like this with the quick rebound. Once the bottom drops out, we come back down to reality. That is considered normal or slightly above normal. We will watch this for the weekend. Thank you, pedram. A scary drop in the stock market around the world. What is happening today . We have an update with our wall street insider next. Tonya couch, the mother of the affluenza teen, is expected in court in los angeles today for a hearing on her extradition back to texas. She is charged with helping her son flee to mexico in violation of the probation he received for drunk driving crash that killed four people. Ethan couch remains in mexico fighting deportation. His Attorney Says may be a couple of months before he is sent back to the u. S. Fired Police Officer Michael Slager is free on bail this morning. He is charged with murder in the shooting death of walter scott last april. Video showed scott shot in the back as he ran away following a traffic stop. A judge placed slager under house arrest as condition of bail. Trial set to begin october 31st. Three nfl teams looking to relocate to los angeles. The league will support one stadium shared by two teams in the l. A. Market. Rams, raiders and san diego chargers. All filed applications to relocate for the 2016 season. Nfl owners are expected to decide next week which team or teams will move if any. The end of the era for the football giants head coach tom coughlin announced resignation. The 69yearold coughlin coached for 12 seasons and won two super bowl titles. He out coached Bill Belichick in both. There had been speculation coughlin would be fired after a Third Straight losing season. He said it was in the best interest of the organization that he step down. Lets get an early start on your money. World markets struggling to survive after the start of the new year. They are fading again now. Investors are worried of the years of chinese being Economic Growth is coming to an end. I want to bring in greg, the chief analyst for verizon. I did not want to watch the markets yesterday. How serious is this . This looks to me like the same fears we had back in august that caused the market rout that were eventually overcome. Is this the same china fears . A lot of fears, christine. Happy new year. Good to see you. It is not just china. The risk the fed will keep tightening. Do you wonder they keep tightening with these anxieties . It is a global commodity drop. They have to worry about the possibility that donald trump could be the next president. You say he is the favorite to be the nominee. The markets, if it is a choice of clinton, trump or cruz. Those are reactions. I want to say this because you talk to the insiders and the people who feel they know who will win the election months ahead of time. You are telling me wall street insiders think there is a real likelihood at this point that donald trump could be president. That he will be the nominee. The presidency, i think hillary would be favored. To make a sports analogy. If you get to the finals, anything can happen. If trump can get to the nomination, the markets have to worry. Trade fight with china. Fighting with janet yellen. Tax cuts that cost trillions. The likelihood that trump will continue to do well and maybe win the nomination is going to start to become an irritant for the markets. His business acumen is one reason his supporters love him. You are saying this business acumen would roil wall street. What does Hillary Clinton and her team make of perceptions in markets that are not as robust as a year ago . I think she would like to run on an agenda that president obama fix the economy and things are good. Now you see the wild ride. The Economic Growth softening around the world. That is not enforcing the argument they are on the right path. Who is the most likely republican in the field to derail donald trump at this point . Is it ted cruz poised to win iowa or someone else . If you look the best available athlete, it is marco rubio. I think he would give Hillary Clinton a tough race. Maybe he will do well in south carolina. Rubio needs an opening. If he gets one, he could be a real force. For now, i think you have to say trump is the favorite to win the nomination. You think ted cruz could get iowa . I do. I think cruz will win iowa. We will see on march 1st. The socalled sec primaries. There is more to do with cruz with his birth in calgary. He will be a big player. Final thought, greg. Im not seeing a bounce back. Sometimes you see a selloff and bounce back. You would say that is a moment of hysteria. You think this could be a slog . This could be a rough stretch. You know what i think it will take . A signal from janet yellen that theyll go real slow. The likelihood of a march rate hike may subside. Car sales are good. We could get a good jobs report. Good, but nervous. Greg, so nice to see you. Thanks for getting up early for us. Another early bird. Thank you. Volkswagen faces 18 billion in potential fines. The epa and Justice Department suing the automaker. Seeking fines up to 3,750 per diesel car. There are about 500,000 diesel cars that violated environment guidelines according to the suit. The fines could top 18 billion if vw has to pay all. It has never been more expensive to buy a house in manhattan. By house i mean apartment. The median sale rise of 1. 15 million. The new price tag broke the record in 2008. Remember 2008 . Right before the Lehman Brothers collapse. Why are prices spiking now . The competition is stiff. A lot of rich people can afford to buy a house. For 1. 15 million, you can have one bedroom in a walk up. President obama hours from now will layout his executive action on gun control. What is in the plan and can it hold up . New day starts now. In just hours, here, president obama will officially announce his action on guns. Lawless in his use of executive orders. On my first day behind that desk, those orders are gone. It will potentially save lives in this country. Show time is over, everybody. We are not electing an entertainer in chief. We dont need four more years of obama. That is what you are getting with hillary. I will let him live in his alternative world. Standoff in oregon. Armed occupation. We came prepared. We will stay here. It is time for you to leave our community. Announcer this is new day with chris cuomo and Alisyn Camerota and michaela pereira. President obama in a matter of hours will reveal his executive actions to combat gun violence. Whats he going to do . Hell call for expanded mandatory background checks from private firearm sales. Critics are already calling the measure an assault on the Second Amendment. The president also warrants to beef up funding for the fbi and atf to enforce existing gun laws. Hell need congress for that. He plans to sell his ideas to the American People when he joins Anderson Cooper fon an exclusi exclusive town hall this thursday night. Michelle kosinski, tell us what theyre saying. Theyre clarifying who is in the business of selling guns and whos a private seller. Right now there could be a lot of people saying theyre private sellers or collectors but the federal government is about to say, no, youre not. But the president is acting alone here. He cant make up new laws. He needs to act within existing laws. You see the administration trying to make changes everywhere they can but immediately, you also see the limits theyre up against. Theyre presenting these
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