tv Mornings With Maria Bartiromo FOX Business December 21, 2018 6:00am-9:00am EST
kospi up, japan, sell-off nikkei average down better than 1% shut down showdown once again, the stage is set, for a partial government shutdown after house passed funding bill that includes more than for president trump's border wall doubling down on calls for funding of that wall. >> at this moment there is a debate over finding border security and the wall, any murder that funds the government must include border security. >> has to. not for political purposes, but for our country for the safety of our community. >> that is not the only drama in d.c. defense secretary james mattis submitting resignation plus president trump now calling for troops to come home from afghanistan, that plan facing backlash after the syria announcement this week, carlos ghosn rearrested details on charges from japanese authority to keep the former nissan chairman behind bars over
christmas, all that coming up, then there is this nike just doing it beating earningss expectations expansion into men's yoga ware business when you can spep to see nike self living a shoes on shelves. >> facebook reportedly developing its cryptocurrency, how that will work, and getting into christmas spirit one north dakota farmer, garth his in the shape of a cross, joining me to break it down fox business networks dagen mcdowell, rosecliff ceo mike murphy cfra investment strategist lindsey bell. >> great to see you. >> great to be here so much to digest, mattis resigning list goes on. cheryl: what a day a week actually. >> i don't know if we can squeeze into three hours a lot going on. >> for sure all connected because you can't separate ways going on in stock market,
from concerns about the statement of the white house people who saw jim mattis as a force of strength now he is gone i think it is all related. >> i mentioned the shutdown yesterday i said nobody is talking about the president shutting it down, and basically saying i want my border wall funding going to shut the government -- shutdown. >> what that means in terms of economy markets remains to be seen, going into the week, people didn't think that a partial shutdown would be that big of a deal for markets, yet, the uncertainty of it is just grinding grinding every day. >> seems like gets resolved we get to this point shut down a little bit i would expect markets looking past that, but there is a amamassive sell-off. >> the steepest deadline 1% rebounds quickly. >> this is a layer cake of garbage can't eat one thing
after another after another after another, sitting at table pushing it away. >> you are right joining the conversation this morning, white house sr., advisory strategic communications mercedes schlap, about john garamendi fox news contributor karl rove, brian kolfage is here purple heart air force. >> this top story the clock is ticking, the house passed a bill last night, that concludes 5.7 billion dollars in brld funding going to senate a potential partial government shutdown at 12:01 a.m. tonight president reinnovating need for strong borders yesterday. >> i have made my position very clear, any measure that funds the government, must include border security. >> has to. not for political purposes.
but for our country for the safety of our community, this is not my campaign promise this is the promise every law enforcement made, that is the solemn proposal to protect defend united states of america, and it is our sacred obligation. we have no choice. cheryl: joining me right now "the wall street journal" global economics editor jon hilsenrath, good to see you this morning happy friday to you how much of an issue for a markets do you think, is this constant grinding of uncertainty now jim mattis out, at the white house, more uncertainties is chaos around government shutting down president stability with about about cabinet that is weighing on markets. >> i would say two things weighing on markets, one is policy uncertainty you mentioned it, not just a temporary shutdown of the government but the fe this
week raised interest rates don't know what they are going to do after that a lot of uncertainty, for the market or about what the fed does, over the next few months. cheryl: sure. >> a lot of them global -- so one thing uncertainty the other thing is global economy looks like slowing down, we continue to have soft numbers out of china continue to have soft numbers out of europe. and i think, you know a lot of investors are factoring that into project not as strong growth year next year as this past year. >> the fundamentals having that is the issue, for markets dagen you make the right point instant certainty grinding of new information has to be impacting things. >> "the wall street journal" rights editorial called trump volatility risk the journal often uses the verb belly-flop president belly flops into a situation essentially makes it worse three things that happened this week a federal reserve decision to raise interest rates, and
uncertainty there, as jon pointed out after public pressure from the president, not to do so so there is overhanging of that abrupt unilateral decision to pull troops out of syria, 1 thou hour threat not to sign budget bill would prevent friday night government shutdown, again that decision whether he campaigned on it, yeah, but, again, it seemed to come out of nowhere, the timing was bad, and so you take ownership of that, it how much can investors handle the markets are great at factoring in second by second development, you make financial betts based on what is going on in the world right at that very moment, and some of this was out of the blue a shock to the system i pointed out. >> afghanistan, now. >> i won if the president is going to try to pull some kind of gift out from under the tree because he really does not like when the stock market falls, you know, he saw stock
market rallying first year as presidency, and as proof that he was winning every day, you know having, success. >> appears both sides closer to agreement kevin mccarthy senate jiernt leader chuck schumer spoke. >> person people have to understand republicans in majority will pass in house but the rules say you have to have 60 votes if the senate so it really comes down, to chuck schumer want to shut government down over idea of protects borders. >> stock market down another 500 points, about general mattis stepping down we know he has real agreements with the president on syria, and on the wall. and now, president trump is throwing the temper tantrum creating the trump shutdown of
the government. >> mike murphy you want to react. >> comical the name-calling, the blame putting -- i don't the market has sold off, and who is to blame for that i don't know i i don't know how you speak to that i think, a government shutdown doesn't benefit anybody unless it is a negotiations, it is me wanting something to shut it down we can all agree, i think on both sides that we need a border wall what is happening right now i think dagen is right there are so many things hitting the market also we've had years of expansion now people are looking to sell. but panic is not the right move for certain for a lot of people, i love jon's take on the fed, because i think jon, i think it is the fed, that says we're going to be data gent if market looks overheating going to raise rates slow that down. if not we're not a going to raise rates for the sake of doing it wouldn't that skaum markets a little bit. >> calm markets.
>> that is where they stand the market is conditioned for almost a decade now of being told what the fed is going to do next, and when it is going to do it. theed if is is at a point where, you know they think they have gotten the economy in a pretty good place with modest inflation strong growth low unemployment just not clear how many more interest rate increases they need. they are not going to say it if they don't know it i think that is one of the pricing problems, and the markets rig right. >> i want to point out i love how chuck schumer is all of a sudden concerned about -- you know you weren't worried about helping the economy grow, because not a single democrat voted for the tax cuts which put -- money in every pocket this year. >> worried now about stock market. >> please get microphone away from him i point out into this week despite everything we are talking about right now, the
potential for a shutdown, syria mattis afghanistan even fed decision, the financial stock entered a bear market, last week. and then early in the week rule of russell 2000 now nasdaq again, the hottest stocks of the year the nasdaq is a little more than 40 points away from entering bear market territory i just wanted to point that out this was a stage set because of the federal reserve because of the global slowdown because of the trade fight before we even got into this week made worse by some policy decision. >> former director of national economic council gary cohn with op-ed in journal writes america is competitive again in the piece he says as we head into new year, it is a great time to invest in america, to find a good job, to plan for better economic future, the tax law is not perfect, no legislation is, but it has been an normal success, so this administration, started the year off, dagen with with very
positive things very positive backdrop tax cut plan did impact growth 4.2% second quarter 3 1/2% third quarter but mid year something changed because of the america first policy, and tariffs and trade, opening the door to all the uncertainty. >> i am curiosity absolutely i am curious what jon thinks might be a slowdown this might be a market rout unavoidable not guilty administration could have done to avoid it the president hammering jay powell the fed on twitter you had jay powell ask have you thought about changing course on the balance sheet reduction, and essentially said no. and then he said kind of said it didn't matter so i don't know -- some of the proclaim lies on policy but a lot of it is it is a slowdown in europe
slowdown in asia, it is unavoidable. >> i mean, the one thing that i think you could point to is the trade picture, you know we're in trade -- with al lives adversaries all over the world confrontation might be necessary to reset unbalanced trade agenda a lot of people agree with the president that the chinese have taken advancing of the united states over the years that we do need to reset that relationship, and so that, you know, so that this is approach we have to pay for that but that is one area where i think things are happening that are -- right white house is doing, and they have to own it, hope come out with good outcome. >> quick lindsey bell thoughts. >> i am looking at what fed is going to approach 2019 really because going to be a press conference after every meeting, and it will be interesting to see how powell approaches that and how the
market reacts. >> they've got the interest rates the balance sheet unwind as well thanks so much. >> jon hilsenrath, outed nissan chairman carls ghosn rearrested in japan derailing any chance for bail the latest on that next facebook explores cryptocurrency, the social media giant plan for money transfers, over messaging app right here next up. ♪ ♪
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this is incredible issue. >> really is incredible ghosn hopes of getting out of jail derailed prosecutors arrested him second time still in detention modern 16 million personal losses to automaker, goes 9/11 in custody more than a month on charge underreported compensation, he was eligible to be released on bail today, but arrest allows prosecutors to continue to hold him in jail. all right, flights have partially resumed at gatwick airport in london after unauthored drone activity sparked travel chaos for more than 24 hours factored tens of thousands of passengers police are searching for a suspect, still. the country transport secretary says no evidence terror related, well amazing image from the european space agency shows a mile deep crater on mars, that is filled with ice the crater more than
50 miles across, just south of mars north pole image composite of many pictures by mars express mission celebrating 5 -- 15 years since launch 2003. >> carles ghosn have not gotten your opinion this is incredible we have been talking about this, that this coupe was under way to get carlos ghosn out of the picture, now he has been rearrested have you ever seen anything like that. >> i haven't scary what can happen. maria: very, very scary. >> nothing proven. >> who would go to japan right now? >> that is the point i think, but you have to think the government you hope has something more to arrest him let him go rearrest for individual people tough and who decides bioing to japan who would want to run a company there or anywhere if you can just be plucked
accused yertd scary time. dagen: kudos to you first ahead from moment one, your continued reporting on it. maria: incredible i just -- i am astound i had another carlos ghosn very well i don't believe this i don't believe any we will follow it a short break white house shake up defense secretary jim mattis resigned over trooper withdrawal in syria and afghanistan fallout next, this holy cow story bin amazing viral photo of cows in a shape of a giant cross for christmas that is up next. ♪ in the middle of our house ♪ ♪ ♪
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maria: welcome back, defense secretary jim mattis resigning after president trump announced troops withdrawals in syria and afghanistan. in a letter to the president, mattis explained his decision, writing in part this because you have the right to have the secretary of defense whose views are better aligned with yours i belief it is right for me to step down from my position joining us former sr., advisory, republican strategist jonathan, thanks for joining us legality me kick off with you reaction here. >> yeah, look maria this is really bad news, for not just administration but country jim mattis somebody very well republican reaspected a patriot first statements from mitch mcconnell lindsey graham, universally from every republican every major senior republican in a position of authority, saying this is not good this is not good that
somebody like secretary mattis is resigning, so i am not sure exactly how we're going what is going to happen from here but not a good situation to be in. >> tournamenth president -- >> the president has been saying he wants troops home to be able to exit, these wars, and perhaps have our allies pick up the fight, but as adrien says many believe this is only strengthening isis going to empower bad guys how do you see night first of all, president is keeping his word made promises in the past sympathetic to troops who are there, many feel they have been there far too long, whether or not a mistake is only i mean only time will tell foreign policy has effects, but that being said, i don't think there is any cause for great concern here. we have been there far too long, a lot of democrats have agreed with that for a long time, i think the irony that
you are seeing, a republican president make the withdrawal, so interesting. >> also the approach, the way he went about it, was a total shocker this volatility is also something to take note of, the journal editorial dagen mentioned scathing op-ed this morning titled the trump volatilitys risks, the editorial board criticizing the president over criticism of the federal reserve troop withdrawals editorial borrowed rates his erraticing actions this week are different heading into 2019 divided government less like the status quo more like a rageing bull in terms of the approach this is a surprise, to a lot of people, jonathan that is also an issue. >> yeah, you know, i think funny, i think in in closer to 2020, everybody's eyes go way
up antennas really high the fact of the math is the president isn't acting differently today than when he took office the president is the same yesterday and today and probably until you know. maria: i don't know because initially economic policy were what a lot of people applauded tax cut plan deregulation these foreign policy issues are coming as a surprise to many involved, adrien when you look at 2020 who do you think is best on the democratic side to compete against president trump? >> maria we have so many, i think if you have somebody a moderate like joe biden, terry mcauliffe former governor virginia, able to -- >> did you say terry mcaulif mcauliffe. >> i did a purple state turned it blue i think somebody like him would be able to take on. >> it is early we will see one
more thing about "the wall street journal" editorial scathing from "the wall street journal," and something that is pointed out think a president trump did not advise a lot of top security national security advisories one of the reasons secretary mattis left making unilateral decisions internally in the administration something we should all be very concerned about. >> editorial board has not been sigh in terms of calling the president out when they see fit i don't see that as a. dagen: i want to push back on that "the wall street journal" editorial board has been very hard on president each when running for office even running for office. >> trade and tariffs. dagen: they've not did he haved him behavior they have championed his policies, have put us on a solid economic footing this year. >> absolutely right yeah. dagen: focused on policy not personality. maria: exactly right, good to see you thanks so much we will watch a lot of big, important
headlines we are glad you are here to react thank you facebook going crypto social media giant plan for cryptocurrency -- iconic self lacing nickels ready to become reality. . nike self liflt acing shoes more after better than expected earnings yesterday up big time 8% stay with us back in a minute. ♪ (toni vo) 'twas the night before christmas, and all thro' the house. not a creature was stirring, but everywhere else... there are performers, dancers, designers .. than a bow and a tree. (morgan vo) those who give their best,
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futures indicated decline of 60 points, a 12:45% lower. the s&p is down one third of 1%, the nasdaq down 39 points, one half of 1% lower right now after the indices checked more losses yesterday after the federal reserve raise interest rates on wednesday. the dow is down 460 points. steve mnuchin reacting to the market downturn. >> clearly you have a situation where the market overreacted to the fed's conduct and you see them taking over. maria: we will break it down coming up. markets are lower, check out the indices, the s&p down 22 points, the cac quarante down 27 it back down 26. next performances in asia overnight. take a look at asian markets in japan, the market was the hardest a clinic average down better than 1%.
the shoemaker crushing expectations announcing self lacing shoes for the new year and a yoga collection for men, stock is on fire up 8% on shares of nike. and messaging. suspended indefinitely, wide receiver josh gordon, ahead of taking on the bills this weekend and we have a story of a farmer hurting his cattle into a giant cross for christmas. those stories coming up. top story this half-hour, markets are lower, we expect a fractional decline at the start of trading, down the thrills down 76 points, a third of 1%, the nasdaq down 20% for the highs, the nasdaq closed 19% lower than its recent closing high in august as you see from that chart, technology stocks took a hit, amazon lost 8% and facebook down 7.5%.
joining us is mahoney asset management ceo ken mahoney. your reaction to what is going on with tech in particular? >> i don't think it is overreaction. we have don't fight this fed, this fed using 1965 textbooks to tell us you have low unemployment, wage increases, too few goods and a bunch of reasons we should not be raising rates in 2019 from brexit to the overhang with mueller and all the problems we have. maria: then why hike interest rates? >> the fed raises rates to break something and they are breaking something already. i feel it is independent, we are independent but they don't realize the wealth effect that happens when investors look for a gain. they see their assets go down and react. they may not do home improvement.
>> there was talk of that is creating a bubble and asset prices go up, the stock market goes up. that is off the table. for investors who have lost money in their portfolios it is important to speak to them and for them to understand this doesn't mean you run for the hills or have to sell. if you have companies like apple that have gone from 230 to 160 you could look at that and look past the fed and look for opportunity based on the fundamentals of the underlying companies. >> the downdraft created a lot of opportunities which is why we have the market, some people are buying to your point. a 10 year horizon, this too shall pass but short-term we are dealing with a fed who is pretty tough, pretty hawkish. on wednesday the question and
answer session, they are advocating lower, around $50 billion balance sheet. over the course of the year, over 3 years it is $1.3 trillion off the balance sheet, that is a lot. maria: it is tightening which is why investors are spooked and the fed on wednesday said we expect two more interest rate hikes. steve mnuchin was on foxbusiness yesterday reacting to the fed announcement and looking at the market's reaction in particular. >> i think the market was disappointed in the chairman's comments but i would say if you look at the specifics you can't just look at the headline which was two more rate hikes. you have to look at the 17 dots on the dot plot. each of the governors and the people on the committee with their views if you look at the high end of the range came down significantly and there is a wide dispersion so clearly people on the committee think they don't need to raise rates much here. with the advent of computerized training which has a big part
of the market now combined with the volcker rule where you can't have marketmakers commit capital, you have bigger moves in both directions and clearly a situation where the market has overreacted to the fed's comments and use the program trading taking over. us growth a lot stronger than the rest of the world, us business activity continuing to see pickup. we think we will see a lot of capital investment. the fed said yesterday they see strong economic signs. maria: your thoughts? the economy is strong. >> we are rooting for good news as investors. next time we get good news, job report comes out and they create more jobs, what is the first reaction? three rate hikes? this is the area we are in and is the fed going to listen to that? we are in a pickle here with a downward trend. i'm not trying to be negative.
maria: are you a seller or do you want to buy stocks? >> you can't be selling here especially on the long-term horizon, averaging in, averaging in, averaging in, here's the sign that we are getting close to the bottom. you see net liquidations, $40 billion a week coming out of fundss. we are setting records, most investors buy high and sell low, we have influence of tens of billions and now outflows, they look at the moment like a prominent loop that many managers have to sell, the liquidation. maria: good to see you. thanks so much. in case you missed it, it was a busy week this week, look at the top moments from this program. >> border security, national security is so important, i am willing to jump on this grenade and shutdown this small sliver of the government. >> realistically do the democrats want to start the first of their term dealing with leftover problems? >> the democrats will give him
a lot more money on the wall because i don't think they want to see the government shutdown. >> it is good, a good bipartisan vote in congress. we didn't get everything we hoped to get in the bill, it is a very stable bill for agriculture and the consumer as well. >> china is a behemoth but when we bring our allies together with the united states and combined that economically and militarily, we are considerably larger. >> i'm concerned about the monopolistic position. i'm using that word in a gentle way. facebook, google, amazon, very large company. as we end 2018 the ipo market now seems more realistic. it is back in my opinion the ipo in the future, many companies, which was in their ten years ago. >> in 2018 characterized as the best of times and the worst of times, reciprocating for a
recession would be correction in the financial market. maria: you have been saying that. >> i don't know if it will be the same thing relating to business results. i can't control the market but we can control the business. >> white house under siege, attacked by the democratic party, attacked by virtually every political operative in the nation and especially affect by members of the press. >> the american public wants to see government produce results. maria: alexandria ocasio-cortez. >> she is fantastic, she has everybody upset for some reason, can't actually figure it out. the growth for us over the last decade has been two places in traditional media business and in the digital area, the ends are always looking for ways to get a deeper involvement with the game and sports vending is one of those avenues. >> incredible legroom with this vehicle. maria: this is a lot.
>> iconic coach door this. >> what parents need to do is set their kids up with success, help them to learn to be independent by teaching them money skills and how to deal with it. maria: according to researchers it is the night when the risk of a heart attack is highest. they actually pinpointed the time, 10:00 pm on christmas eve when your risk is the greatest. >> you are predisposed to having a heart attack risk by having high cholesterol door, diabetes, being overweight and then eating 5000 cal meal which is a typical big christmas meal. that can spike your triglyceride level. maria: the new trailer brave diehard is a christmas comedy, calling of the greatest christmas story ever told. >> it is a must-see. >> we should get together and watch it. >> the grinch who is about to steal christmas.
earnings crushed the estimates. sales jumping 10% from a year ago on strong worldwide demand and a big piece of online sales. the market makes up most of total sales and 9%, earnings as nike shoes go on sale for $350. they are just like marty mcfly in back to the future. a lot of buzz about these. nike planning to take on lulu lemon launching their first men's yoga collection. up about 8%, 37 points on "the opening bell". now to facebook. they are developing a crypto currency for their messaging apps. reportedly it will be a stable coin tied to the us dollar developed to allow users to transfer money across the apps. shares of facebook trading lower in the premarket, broader markets down a quarter a 12:45% and finally check this out. a north dakota rancher known
for his massive field messages forms a cross using his neighbor's cows. dean hansen asked his neighbors to lay down feed in the shape of a cross as a way to share christmas. this car donald trump's attention when he plowed we stand for the national anthem in his field in response to the nfl protest but the cows, the granddaughter of the texas cattlemen, i am beyond impressed, he got those cows to stay in formation. maria: what do you think? >> very impressive ahead of the holidays, christmas coming up next week but nike, talk about christmas, retail sales, they. it out of the water, double digit sales globally, this stock was in bear market territory. that could be coming. maria: are you ready for the yoga pants? nike yoga for men?
>> going after lulu lemon, not the fight to be in. maria: under armor, i asked mike, how is under armor doing? the product is great, stock not so much. >> nike has gone to 65 so they tanked before the earnings report. dagen: mission is over china. i was talking about under armor. >> a lot of issues. maria: when we come back suspended indefinitely, losing josh gordon will impact the patriots ahead of the bills this weekend and rick returning to coaching, we will tell you where the coach has landed, back in a minute here. >> member those days ♪ a jackson type ♪ wifi wireless charging 104 cubic feet of cargo room and seating for 8. now that's a sleigh.
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maria: setback for the new england patriots headed into the postseason, josh gordon suspended indefinitely by the nfl shortly after he said he was stepping away from football to focus on his mental health. the league that he violated terms of his reinstatement hundred substance abuse policy. mike, good to see you. >> this is the perfect example of somebody having everything going for them and blowing it. josh gordon, one of the best wide receivers in the nfl but it is his fifth suspension since coming in. he hasn't finished a full season since 2012, his rookie year. for me once shame on you, for me twice shame on me. this is the fifth chance he has happened and he keeps blowing it. all of us know someone who has problems with addiction so you feel bad because he is so talented but how many chances do you give them before enough
is enough? maria: wide to the patriots organization trade for him? they gave the browns draft pick. why would they take a chance on him? they have a history of doing that. >> because he is so good. how good is he? the patriots leading receiver at 700 yards. they play the bills this weekend going for the afc. they lost that game against the miami dolphins and then lost last week that he is so good, who do they have? i believe tom brady is playing at least her. that is not confirmed what you have edelman as the lead wide receiver right now but it is a sad story. >> coach belichick has proven he gets it done. >> as a jets fan and redskins and hopefully the patriots see
it is over. >> former louisville coach land a new job, what about this? he was fired year ago and now headed to greece to coach one of the top scenes -- teams in the early. >> this is out of sight out of mind, he's trying to eventually get back to coaching here. he can't do it because everywhere he has gone scandals follow him. get out of the country, go to europe, he won't be on tv every day am a people won't be thinking about him but in the end when it comes to sports it is all about winning and if you can win over there he can come back and coach in the nba. it last with the next didn't do well. the celtics kicked him out because he didn't do well the winning is all that matters. if he can do it over there come back here and maybe we will see him again. he has his own issues. i'm not a big fan. >> matthew mcconaughey going from oscar-winner to minister of culture at the university of
texas, the school making the announcement when it unveiled plans for the new 300 million basketball arena. he is an alumnus of the school, passionate fan of the longhorns. what is your take? >> it doesn't like matthew mcconaughey? what is your thought on this? dagen: he's not all right all right all right to everybody. i will leave it at that. >> they love him down there. he is always smiling. he's fun, drinking, having a good time, he will be good for the university. i went to him, denzel washington and, like shane are my favorites. that is what we have going. dagen: i went to wake forest. i have brian piccolo, lenny watkins, curtis strange, rodney rogers, tim duncan, the list goes on. >> that is better than matthew mcconaughey but how to lose a guy in 10 days is a great movie, terrible movie for guys.
maria: that is how it is done. thank you so much. donald trump, mitch mcconnell should fight for the wall and border security as hard as he fought for anything. he will need democrat votes but as shown in the house things happen. if enough dems don't vote it will be a democrat shut down. house republicans were great yesterday. the house came up with the border wall funding the president has been asking for. still had the holiday travel rush, millions of americans traveling for christmas with extreme weather gripping the country. what you can expect on "mornings with maria," stay with us. ♪
your stop toris right now. investors are on edge this morning. futures indicate a decline at the start of trading, down 60 points on the dow, the s&p is down 9 points, and the nasdaq is down 28 points. after another selloff yesterday, over fears of a government shutdown. stocks down across the r board, although the major indices did finish off the ro lows of the d. the nasdaq on the verge of entering bear market territory, down just under 20% from the highs yesterday, down 108 points at the close. global markets are lower. european indices down across the board. the cac is down 25 and the dax index in germany down 29. in asia overnight, mixed performances, worst performer was japan, nikkei average down better than 1%. shutdown showdown, the stage is set for a partial government shutdown after the house passed a funding bill that includes money for the president's border wall.
lawmakers fired up over the border battle. >> this isn't about the personality of the person in the white house, it's whether or not we're going to respect the rule of law and keep america safe. >> we are playing political games here to pander to the president of the united states. maria: that's not the only drama in d.c. defense secretary james mattis submitted his resignation over president trump's call for troops to come home from syria and afghanistan. the holiday rush is on. millions of americans hitting the roads and taking to the skies for christmas trips, extreme weather, however, could derail plans. we've got the forecast for you coming up. and apple taking iphones off of store shelves. we'll tell you why later this hour. aqua man hits theaters for the holidays this weekend. we take a look at the top movies ahead of christmas. all those stories coming up this friday morning. joining me to break it down, dagen mcdowell, mike murphy and lindsey bell.
great greagreat to see you this. >> great to be here. let's hope the market downturn can turn green by the end of the week. maria: here we are. it's friday. dagen: the markets appear destabilized, investors unnerved. and of course this didn't just start this week. there's been policy moves by the administration by the white house that have certainly added to the volatility and quite frankly the fear out there. maria: the fears of course have to do with the global slowdown. we see what's going on in europe, brexit uncertainty, france on fire with protests, italy budget issues. how does that not impact the u.s. at some point, mike? >> it does. and that's why i think you've seen this market pullback of 20%, roughly. so i mean, there's a lot of negative out there. but there's also positives. right now, the focus is on the negatives. we've had the major pulldown in the market. we have money coming out of that'themarkets. people are talking about 20% bear market correction. there are also positives.
when we've had a pullback in history, it's been followed by a rally. i think people can foes cuss and look for the -- focus and look for the pos di positive. dagen: here's my impression of jay powell this week. la la la la la, not paying attention to volatility in nature gets. the credit markets are stressed in the united states, the global slowdown, even japan in consistent track -- contraction. >.>> if you look at the put, cal spreads, it's at an extreme level. after you see that, you can see a snapback in the market. i don't know that we're getting a christmas rally. maria: santa claus rally. if it's going to happen, it happens next week. we're focused on averting a shut down this morning. lawmakers are scrambling to fund the government before the clock strikes midnight. house republicans passed a stop gap measure including $5 billion for the border wall.
the bill is not expected to pass in the senate. president trump making it clear he's unwilling to back down from his $5 billion demand. >> if we don't stand strong for our national borders, then we cease to be a nation and we be stray our commitment to the loyal citizens of our great country. i look forward to signing a bill that fulfills our fundamental duty to the american people. it's all about america first. we have to put our country first. we have to put our people first. and we have to put safety first. maria: joining me right now is california congressman and member of house armed service is committee, john garemendi. thank you for being here. what's your take on all of this? the president wants the $5 billion for the border wall. you want border security, right? >> absolutely. the problem is that the $5 billion is for a wall. no one including the administration has been able to tell us where they want to spend that $5 billion on a wall. we're all for border security.
we've offered $1.5 billion, 1.3 last year, 1.6 this year, for all kinds of border security, from fences, improving the fences, building new fences where necessary, drones, other kinds of devices to observe what's going on in the border, improved border patrol agent as well as the ports of entry. all of those things, we're for all of that. the president apparently is for a campaign promise and so come on, let's get into what we really need to build and what we need to do. by the way, if you're really concerned about drugs coming into the country, some of that money ought to go to the u.s. coast guard which actually has taken more than 10 times the amount of contraband drugs than have the border pa l troll agencies a-- patrol agencies along the mexican border. we need to be wise how we're spending the taxpayer money and
the president is more interested in completing his campaign promise. maria: the government shutdown hangs in the balance. >> exactly. maria: walk us through what's taking place this weekend. >> well, i think this weekend is actually today. the house passed a bill that did have the president's $5.7 billion fence or wall program. that's going over to the senate. it was rejected resoundedly by the senate. the senate put out with 100% of the senators voting for a compromise that did not include the $5 billion for the wall but did have money for border security as i just described it. that came over to the house. the house republicans rejected that, added an amendment to it, the $5.7 billion for the border wall. that's gone back to the senate. everyone expects the senate to reject that and probably send back to the house the bill that they actually approved day
before yesterday. that is, that the compromise which as i said was 100% of the senate was for that compromise. here we are, the president's shutdown, the trump shutdown is likely to take place. maria: mike? >> i was going to say, say we do get the shutdown and the government, what happens to border wall spending then? how do you see that playing out? >> stops. it stops. there will be no money, repairing fences, no money for the kind of improvements that all of us want. that money will not be spent or simply stop. the essential government employees will continue to work. the coast guard, the border patrol agencies will continue to work. but the national parks will shut down. we'll see department of justice, nonessential employees at the department of justice will go home. you go across, it's one thing after another. >> it's mike murphy. >> yes, mike. >> i get your point that you want the wall, seems like
everybody wants the wall to protect the country. we need some sort of -- something there. >> border security. >> border security. >> yes. >> for the american people, for the voters watching at home, am i saying this right that you're offering $1.6 billion, the president wants $5 billion and change, so the difference on whether or not the country runs or whether or not we get stronger border security is 2 or $3 billion? >> yes, it's that, it's also where are you going to spend the taxpayers' money, how are you going to go about doing this. the $1.6 billion that was allocated, $1.3 billion that was allocated last year hasn't yet been spent. we could add $1.6 billion, everybody's agreed to do that. excuse me, not everybody, obviously the president hasn't. and let's go forward. the president has yet to develop any kind of a plan about where he would this $5 billion wall,
which apparently is about 1/20th of the amount of money for his total wall that he promised during the campaign. and by the way, he also promised that mexico was going to pay for it, not the american taxpayers. maria: but it doesn't seem like nancy pelosi or really the party overall wants president trump to have any victories. i mean, the president called out nancy pelosi this week, just last week, the house minority leader says republicans would not have enough votes in the house to pass funding for the wall. watch this. >> the fact is, is that legislating, which is what we do, you make your point, you state your case, that's what te house republicans would do if they have the votes. there are no votes in the house, majority votes for a wall, no matter where you start. maria: fast forward seven days, house republicans did pass a measure to fund the border wall in a 217-185 vote. the president tweeted this last
night. soon to be speaker nancy pelosi said last week live from the oval office that the republicans did not have the votes for the border security. today the house republicans voted and won. 217-185. nancy does not have to apologize. all i want is great border security. congressman, you're saying you don't know where the wall would go. the president has stated where it would go. the southern border. >> well, the southern border is 1700 miles long. so where? there is a lot of pushback in texas by people that own property on the border saying you're not going to build that wall on my property. there's a real question here about where that wall is going to be built. we do need to repair many of the fences, many of the existing walls, certainly talked about california and tijuana. tijuana, the way in which the area there is secured is by a wall and has been for some 20 years. and it's going to continue in certain areas. yes, we do need it.
what we want the president to do is put the campaign promise aside and say here is exactly where we want to build the wall, here's how we're going to do it, here's how we're going to spend the precious taxpayer money. right now there is no plan, it's just give me the $5 billion, so i can complete my campaign promise. i don't think that's proper. i think the president needs to come forward and say here's how we're going to do it, here how it's going to be paid for and keep in mind a that the ports of entry need to be upgraded and improved. we also have a terrible, terrible problem in the way -- maria: that costs money. >> let me finish this. we have a terrible humanitarian problem that our government is recritting, the -- creating, the way in which we're housing children that have come to the united states seeking asylum. it's a horrendous humanitarian problem. that needs to be addressed.
the president doesn't talk about that need where we warehouse these kids in open cells, stacked one next to the other. it is inhumane. maria: what is the answer, congressman? what is the answer when people illegal library families or bring -- send their kids to come to america illegally? what should be done? >> it's not illegal to seek asylum. in fact, it is legal to seek asylum. they attempt to do so and that's been the tradition of america for years. maria: you can't -- can you say that all of them are actually seeking asylum? are they really -- >> let me--we need to understand this. the law says that people who fear for their lives wherever they come from can seek asylum in the united states. they then begin a process to prove that they are at risk in their home country. many of them fail that and are deported back to their home country. some of them are able to prove that they are at risk and that
they can, therefore, stay in the united states. that has been the law for decades. maria: who is going to pay for that? what kind of cost do you see you attached to that? >> well, it is certainly better than warehousing children, separating them from their parents. it is certainly better, it is not a cost that is insurmountable. by the way -- maria: you can't get $5 billion for border security. you say it's not a cost that's insuinsurmountable to have all f these people coming here wanting -- >> how many are we talking about? maria: i don't think i don't know. -- i don't know. you said it. >> we're talking about less than 20,000 a year. we can deal with that. and it's not a wall issue. it's an issue of obeying the laws of the united states which do provide for asylum for those people that are harmed. you go back through the history of the country where prior we have turned away thousands of people that sought asylum from the nazis and the holocaust.
we turned them away. america decided they weren't going to do that again and we put in place laws that allow for asuasylum for those that fear fr their lives back home. that's america. that's compassion. we should have that here during this particular season. maria: good to have you here. thanks so much. coming up, extreme weather, we take a look at the wild conditions wreaking havoc across the united states. millions are hitting the roads, rails and airs for the holidays. a setback for apple, the technology giant pulling some phones from store shelves as they battle with qualcomm, next up, stay with us. holy smokes! hey kurt, are you watching the best of geico ? i sure am, linda. they've been saving folks money for years. and now they're re-airing some of their all-time greatest hits. with classics like... hump day. caveman airport. and even... celebrating squirrels. this crudité is great, but those geico ads are even better. but that's not all. vote today and you can enter for a chance to appear in an upcoming geico commercial.
janice dean with your holiday forecast right now. janice, good morning to you. >> unfortunately, we had tornadoes yesterday across the south, florida at least several -- three or four tornadoes in and around tampa. this moisture is moving northward, the southeast, mid-atlantic, the northeast, we'll see travel delay as the system continues to be on the move. let's take a look at the heavy rain across the mid-at lain figure anatlantic andthe northe. it's too warm for a big snow event. if it were colder, this would be a snowstorm. it's mainly rain. on the backside of the storm system, we could see the snow across the appalachians and the great lakes and northern new england. historical white christmas probability, here's where we could see a white christmas, here's where we're going to see the white christmas, mainly across the west where we have
system after system moving in from the pacific northwest, so the rockies, the higher elevations. it will be a green christmas along the coast. as for your travel delays, tomorrow on saturday, residual volume delays across the northeast and then on sunday it's going to be the pacific northwest. otherwise, tuesday a quiet travel day for christmas. maria, merry christmas to you. maria: and to you. thank you very much. merry christmas. president trump tweeting this morning. the democrats are trying to belittle the concept of a wall, calling it old fashioned. the fact is, there is nothing else that will work. and that has been true for thousands of years. it's like the wheel, there is nothing better. i know tech better than anyone and technology on a border is only effective in conjunction with a wall. properly designed and built walls work and the democrats are lying when they say they don't. in israel, the wall is 99.9% successful. will not be any different on our southern border. hundreds of billions of dollars saved. says the president this morning.
dagen: the democrats will never, ever, ever, fund a wall for president trump because he promised it on the campaign trail. they will deny it at every turn. nancy pelosi called the wall immoral. ill will never happen. in terms of the funding, as much as i hate the tariffs, the tariffs the president put in place brought in between 7 and $11 billion. guess what that would pay for? >> having a wall to protect our border i think is common sense, it's necessary. people who enter the country illegally, it's not legal to do it, there has to be a right way to do it. we need a wall there. there's broken fences in certain parts. we need something to protect the country. maria: you heard john garamendi. he talked about people wanting asylum and saying we could handle it. no answer on how we afounder it and who pays for these people. market uncertainty, we take a look at your bottom line as
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beyond fast. maria: welcome back. markets are set to open lower this morning. we are now at the lows of the morning. futures indicate a decline of 77 points on the dow jones industrial average. the s&p and the nasdaq also weaker. the major indices suffering losses yesterday again. the nasdaq flirting with bear market territory, it is down just under 20% from the highs. we've got tensions over the possible government shutdown as well as wednesday's federal reserve meeting and the interest
rate hike dragging down markets. joining us right now is bny melon investment management chief strategist alicia levine. what do you do about the worries? >> we're telling clients we think there's a little bit more left to the selloff. we see structural levels sort of holding in the 2400 area for the s&p. but that it's a little too late to sell. so you just -- at this point you should hold on, you should expect support in that area and there will be a buying opportunity. maria: what about the global growth slowdown, is that going to impact earnings and do you really want to buy with the earnings expectations where they are if they're going to come down? >> so in a typical year, earnings expectations come down about 3% from january through the end of the year. i think we'll get another year like that. the market is very pu suspicious about the 8% earnings growth for next year. you have to wait for the earnings growth expectations to
come in. we're looking at 4 to 5% for next year. when that happens, i think you've got the information to nature get and you can start buying. >> what do you think about the tech sector in particular, you have the nasdaq nearing bear market territory. some of the stocks are down 30, 40 or more percent. can you get involved now? are there some sub-industries that you're interested in. >> i think it's too early to get involved in the large cap tech sector. when you have a sector like that which ran the market up and was traded paitraded parabolicly, tt investable right now. they have to normalize. it hasn't happened yet. they led the market up. they're leading the march he get down. it's not done yet. maria: studen.maria: steven md in yesterday. watch this. >> you have a situation where the market overreacted to the
fed's comments and you see program trading taking over. i think that the market was disappointed in the chairman's comments but i would say if you look at the specifics, you can't just look at the headline which was two more rate hikes. you have to look at actually the 17 dots on the dot plot. maria: do you think the market overreacted? >> the market clearly was convinced that we were getting data dependence for next year and a more contingent fed and they were hoping for jay powell to express that. so whether it was realistic or not to expect it, that's what the market wanted to hear. and the market heard a concrete two hikes for next year. it didn't hear contingency. it didn't hear data he dependence. that's part of the reason the market sold off. >> i'd add to that, that some people say -- i'm not in this cam, bucamp, but you could see a recession next year. the worst case would be recession or slowing growth and a fed that's committed to
raising rates. i think that's what has been spooking the market. i differ a little bit from what you said earlier. i think it's a great opportunity to buy when things are down, when you have 20% drawdowns in the market, the last thing you want to do is sell. what you want to do is look for opportunity for people watching at home. >> agreed. i don't think we're done yet. we crashed through 2450 yesterday which is one of the first levels of support. we're probably going lower, probably another 4%. that's in the short term. i do think earnings have to come in realistically for next year. the earnings numbers will be very contingent on what happens with china and whether we actually smooth out trade relations with die that or not. -- china or not. even though trade with china and tariffs will not hit the overall economy and to that extent the administration is correct, we're not he really going to hit the economy that much, it's going to be filtered through individual companies. in the end, markets trade on corporate earnings. so you're going to get a sort of
telescoping effect on the earnings side, both positive and negative. so you really want to see trade smooth out with china to be kv comment th -- confident in the earnings. dagen: i don't think it helps when it's not just the treasury secretary but other people in the administration, peter navarro, the president himself, constantly talking about the stock market and the secretary mnuchin saying investors, you overreacted to the fed and investors are sitting back going oh, no we didn't. he's trying to school investors on basically how to place bets and i think that that will hit you in the face if you're not careful. maria: is there an argument to be made that you want to take some money out of stocks and put it in fixed income. if you're getting almost 3% on the shortened, does it make sense to reallocate. >> part of the drawdown is the fact there's alternatives. they're safe alternatives in cash.
this is the best performing asset class this year. there's an alternative to equities and the shortened of the curve is a great place to put money right now. it's safe di. dagen.dagen: the 10 year looked great. >> you're coming off 50 basis points. what do you do now? there is an alternative. that's part of the reason for the intensity of the drawdown. there's some place else to go. i just think we're getting to a level of support in the market. you have selling this time of the year. if you're not getting a santa claus rally, you're having people taking losses and they're taking losses over the next 10 days. you just have to live with it. maria: you're getting close to recommending getting back into this market sounds like. >> we're getting close but we're not there yet. maria: we'll leave it there. alicia, great to see you. thank you so much. coming up, the clock is ticking, the government is facing a shutdown at midnight if congress and president trump do not reach a funding deal. then white house senior advisor
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visit redcross.org now to donate. maria: welcome back. good friday morning, everybody. thanks so much for joining us. um maria bartiromo. it is friday, december 21st. your top stories right now, 7:3. a lower start for the morning for stock prices, dow industrials at the lows of the morning, worsening over the last half hour, down 100 points on the dow industrials, 1/2 of 1%. s&p is expected to be down 12 points at the open and the nasdaq down 41, 2/3 of a percent lower. after the major indices took on more losses yesterday, the nasdaq closing half a percent away from bear market territory with a decline on the session of 108 points.
the dow industrials down 464 points, almost 2% lower at the close yesterday. in europe this morning the selling continues, take a look. it is fractional moves but it's across the board lower, fq100 down 123, cac down 24, the dax down 36. mix's trading in asia overnight, the worst performer was japan. hong kong was up half a percent. oil prices continuing lower at levels not seen in 17 months. take a look at light he sweet crude, down another 1.5% this morning at $45.25 a barrel. plus this, sour apple, the technology giant pulling some of its phones from store shelves. the latest on apple's fight with qualcomm. and a digital detox, details on how resorts are offering some serious vacation perks if you just put down that phone and focus on relaxing. aqua man is hitting theaters this weekend, we'll see if it can beat the king of -- if the king of the seven seas will be
the king of the box office this weekend when he takes on mary popins and bumble bee. the top story this half hour, that is shutdown showdown over the border wall. president trump just tweeted this. no matter what happens today in the senate, republican house members should be very proud of themselves. they flew back to washington from all parts of the world in order to vote for border security and the wall. not one democrat voted yes and we won big. i'm very proud of you, writes the president. the democrats whose votes we need in the senate will probably vote against border security and the wall even though they know it is desperately needed. if the dems vote no, there will be a shutdown that will last for a very long time. people do not want to open borders and crime, writes the president. house republican votes 121 -- 217-185, shutdown today if democrats do not vote for border security writes the president. joining us right now is mercedes schlapp. tgood to see you.
how ho long a shutdown would you expect. >> we're taking it day by day at this point. we had a very productive meeting with the congressional house republicans and the president, they worked on this deal where they said look, we need to have that $5 billion for border security, in addition to funding for disaster relief. it is a strong bill. this is the moment in time to get this done. for too long we've been waiting for additional funds for border security and let's remember, it was speaker paul ryan and majority leader mitch mcconnell who promised the president we're going to work on getting the border wall funding by the end of the year. this is keeping to a promise. this is something the president has been clear on from day one. maria: we just had on congressman john garemendi who basically said we don't need the wall, we don't know the details of where the president wants the wall. he keeps saying the southern border. but the border is incredibly
large. he says we can handle 20,000 people a year who are wanting asylum and you say what? >> that's absolutely inaccurate. first of all, there's priorities in terms of where they would build the steel slats and the wall which would be the physical barriers. let's remember, it was the democrats, many of them including schumer who signed onto the secure fence act of 2006. in fact, that would be to build fencing in the southern border. they themselves have said, you had senator durbin go out and say i feel comfortable building the steel slats, making sure there's a barrier along the southern border. they recognize that there's a need to reduce illegal immigration. you have seen border patrol having to deal with an increase of over 90% of illegal border crossings. we are over well med in terms of our -- overwhelmed in terms of the i'm grace system. -- immigration system is this is
about ensuring we have enough resources for men and women who basically risk their lives every day in dealing with illegal immigrants crossing the border. maria: this is bigger than just the border. the democrats do not want the president to have any more victories, certainly they do not want him to keep any campaign promises. as you look out over the next two years, you know you're looking at an uphill battle in terms of the democrats trying very hard to stop the president from having any more victories. how will you deal with it? what's the plan for the administration to deal with what's to come in the next two years. >> even today the president is going to sign the criminal justice reform bill. this was a bipartisan effort. border security should be and needs to be a bipartisan effort. maria: but it's not. >> we need the democrats to come on-board. if the democrats continue to put politics over country, politics over the safety of the american people, they'll end up losing. they'll pay a political price. the president will stand true to
his promise of ensuring we're going to secure the border. he will find a way to do that. he wants congress to come on-board. that's why the senate should vote to support the house bill that they just passed yesterday. maria: do you have a plan to deal with a lot of no's that you're going to be facing in the next two years, is there a plan to get legislation out, continuing to come up with economic policy that moves the needle when you've got no help on the other side? >> look, if there's one thing about president trump is he understands the art of the deal. he will continue talking to the democrats. if the democrats are continuing to focus on resistance, obstruction and getting nothing done for the american people, they're going to be in a losing position. at the end of the day, president trump will continue to fight for the american people. he will continue to push for an economic growth agenda. we're now about to reach the tax cut anniversary, the signing of that bill. again, we've seen so much economic progress and we're hoping that the democrats come on-board to help continue to build our economy strong, to
ensure that american workers have what they need to get the job done. let's remember, we have a trade agreement. that's going to be a big part of the legislative portfolio come early spring with the usmca. that's going to be a big focus that the president will be working on with congress and we hope the democrats come on-board. maria: even there, i've had a number of democrats on who said they're not going to sign usmca, they're not going to vote for it as it is that the president will have to make changes. we heard that from a number of democrats. >> this is part of the negotiating process between the executive branch an the legislative branch. that's what we'll be looking at. what we know is we made the biggest trade deal between canada, mexico and the united states and it received favorable reviews. maria: even from the unions. the president just tweeted. he's tweeting now for the eighth time in the of last hour. he just said this, mercedes. even president ronald reagan tried for eight years to build a border wall or fence and was unable to do so.
others have tried. we will get it done way or another, the president writes. let me ask you about the debate going on within his own cabinet, over his plans to take the troops home from afghanistan now, from syria. you've got a shakeup at the he defense department as a result. we saw what james mattis said, defense second mattis resigned over the president's announcing these troop withdrawals in syria and afghanistan. mattis wrote to the president this in part, because have you the right to have a secretary of defense whose you views are better aligned with yours, i believe it's right for me to step down from my position. we've got this resignation this morning, mercedes and a lot of questions as far as why the president is taking the troops home when it could empower the bad actors, empower isis once again. >> let's remember, secretary mattis has been a great patriot, served our country for over 4 o- 40 years of military service they had a great relationship.
secretary mal mattis president p have a great relationship. they are ensuring the military have the resources they need for readiness and resources for the military. the reality is, when there are fundamental differences, the president is going to need to find someone who is more aligned with his policies and are willing to support it. what we've seen in syria is that we have seen a win, a win in the fact that we have been able to defeat them in that area. we've been able to train the coalition forces in that area. that's what our goal and mission was. it is time for the troops to come home. it's something the president promised in the campaign. he reviewed the policies and in his mind he's basically made the decision after listening to many people. maria: when is he going to name a new defense secretary?
>> we don't have an answer at this point. we'll let you know when there's a policy or personnel announcement in terms of secretary of defense. we know that the acting secretary, he's very strong and of course we'll continue to operate in terms of our department of defense. maria: mercedes, thanks so much. mercedes schlapp. we'll be right back. as someone in witness protection,
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headlines. cheryl: apple stopped selling the iphone 7 and 8 in germany after it lost a patent battle with qualcomm in that country. weeks ago qualcomm securing a court order to ban sales of some of the phones. they say they used chips without proper compensation. shares of a apple are down 5% ts year. it's a growing trend with luxury he resorts, helping guests disconnect from phones. some hotels offer perks if they you hand over your phones for a few hours. they will reserve prime spots at the pool and hand out free snacks if you agree to leave your phone in a locked pouch that can only be opened by hotel staff and people can probably use a break according to one survey, half of smartphone users spend between three and seven hours a day on their mobile devices. okay, yes, sweet treats treats are a big part of the holiday
season. there may be a few candies you're disappointed to find in your stockings. the worst christmas candies, christmas tree nougat tops the list, follows by reindeer corn and marshmallow peeps. pepper mint bark is the fourth least favorite. cherry cordials round out the bottom five. also non-desirable is non-pepper mint candy canes. to celebrate the survey, we brought unusual types of candy canes. you're holding -- maria: mac and cheese. mac and cheese candy canes. cheryl: you have the pickle. dagen: i can't get it open. >> i have rotisserie chicken. maria: how is it. >> this is from a company called -- it's mcphee.com. thank you to them. i've got clam flavoredded.
>flavored.>> i've got bacon for. dagen: my best friend texted me during the statement and said dang, i love all that stuff, the peeps and the cherry cordials and everything. >> pepper mint bark. i love number one, the christmas tree nougats. they're mint, they're good. >> bacon is not -- cheryl: clam candy canes are not good. >> clam? maria: mac and cheese, clam, pickle, chicken, how's the chicken one? >> tastes exactly like rotisserie chicken in candy cane form. maria: what's yours? >> bacon. it's not that strong. i don't know. dagen: i like a dirty martini so i'm kind of into this. cheryl: i thought you might like the pic pickle one. dagen: compared to clam, yeah.
maria: want mac and cheese? thank you, cheryl. cheryl: you're kind of welcome. maria: the much anticipated aquaman is in theaters today. we'll find out if it will rule the box office over mary popins and bumble bee this weekend. ♪ ♪ ♪ the greatest wish of all is one that brings us together. the final days of wish list are here. sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first month's payment. only at your lincoln dealer. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.
the only way to stop this war is for you to take your rightful place as king. >> trust me, i'm no king. >> you do your best thinking when you're not thinking at all. >> that was the worst pep talk ever. maria: that was a clip from the new comic book blockbuster, aquaman. it hits theaters today. joining us now, michael tamaro. >> good to see you. maria: this looks really good. >> warner brothers finally got a
d.c. installment right. people will go and see things they haven't seen before. they were smart in thousand marketed the movie -- how they marketed the movie. they opened up internationally abroad, particularly in china. it's already earned over $200 million, cost about 210 to make it. it's already earned its money back. the reviews have been middle dashing. --ing. maria: it will do well. >> it it will do well. maria: mary poppins and bumblebee hitting the screen. it's a jam-packed weekend. >> the thing to know, there are 10 wide release movies opening this weekend that are out in he theaters with a combined budge he et of $900 million. the thing to really pay attention to is not who comes out on top on wednesday, who performs the long haul. last year, greatest showman flopped christmas weekend, pulling in only about $4 million. but it went on to earn over $200 million and became a huge hit in the weeks that followed.
that's sort of the standard to look to. maria: you've got -- people normally like to go to the movies around the holidays. it makes sense, they have such a big weekend right before christmas. there's a brand-new trailer for men in black international debuting. let's talk about this. let's take a look first. >> welcome to m.i.b. >> move it or lose it. >> the best ever to wear the suit. >> catching up on my daily meditation. >> time for lunch? are you hungry? >> it's 9:30. >> tuesday is taco day. maria: looks good as well. >> the originals were so great with will smith and tommy lee jones. tessa thompson and chris helps worth are in this one. they have great testimony industry from the thor movies. they'll see if it translates. emma thompson is in this as agent o. maria: cool. all right. >> something to look forward to. maria: big weekend, big year ahead. merry christmas.
deadline approaches, we're breaking down the potential government shutdown, next hour, right here, "mornings with maria." stay with us. ♪ joy to the world, the savior reigns. but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,250 credit on select models now during the season of audi sales event. ♪
>> welcome back. good friday morning thanks so much nor inject us i am maria bartiromo. friday, december 21 top stories 8:00 a.m. on the east coast, investors on edge again this morning dow jones industrial average expected down at open, as you can see, down a third of a percent right now the s&p also down 10 points nasdaq down two-thirds of a percent, 38 points lower right now, after sell-off yesterday government shutdown fears working their way through the markets, stock down across the board major indices finished off lows of the day, the nasdaq 108 point line to yesterday now on verge of a bear market, that would be down 20% from the highs, checking global markets this morning looking at losses overseas as well ft 100 off
lows of the morning, down just 3 1/2 points right now cac quarante in paris, down 5, a third of a percent, dax in germany down 2 points one quarter of a percent lower in germany in asia overnight mixed nikkei average in in japan down better than %, shutdown showdown sustainable set for park cost two shutdown today after house passed funding bill last night that includes money for president trump's border wall the president doubling down on called for funding that wall. . >> in life there are certain prepares worth fighting for prepares more important than politics party personal inconvenience safety and security sovereignty of the united states, is the most important principle of all. >> not only in d.c. defense secretary james mattis submitted resignation, after president trump called for troops to come home from syria
aufks carlos ghosn rearrested deals on charges from japanese authorities to keep the former nissan chairman behind bars over christmas that is coming up, nike doing it giant beating earnings expectation with numbers last night, also announcing an expansion into men's yoga wear when you can expect nike self lacing shoes. >> national ugly christmas sweater day one favorite day here in "mornings with maria," there we were last year, look at how we celebrated we are doing it again, wait till you see sweaters this year big reveal coming up all those coming up this friday morning joining me to break it down fox business network dagen mcdowell, ceo of rosecliff mike murphy, cfra investment n strategist lindsey bell great to see you. >> sweaters coming all. >> look out for sweaters. >>. dagen: big reveal i think i have a good one this year
fingers crossed. >> we've got another market sell-off another day of worry about economy, comlbl slow don the government shuttled. >> government shutdown one big thing clearly a factor in the market rout a lot of different areas market in bear market territory, financials small cap transports nasdaq 40 points away. >> the russell yesterday one you were concerned about. >> federal reserve that is still pushing, in a grv reduction in the balance sheet pulling monday out of stock market, i mean out of the financial markets out of financial system, and raising short-term interest rates but it is also the impulsivity of president erratic action pullout of syria general
mattis resigning. >> do you think the markets are overreacted to all of this would you be a admirer right now. >> absolutely a buyer, overreacting is tough we may be overreacted to upside earlier this year, now, we are selling off, i think when you look the focus gets back on corporate earnings they are going to be up sued surprises i think a great time to look for pullbacks in quality names. >> you've got what are you modeling in terms of of earnings in 2019, way below what we saw in '18. >> getting 23% this year so that drops to 7% next year big decline probably reduced further, as from our mellon said that is how it shalling works i think one thing we have not talked about this week really much of is the tariffs trade tensions with china that is going to be a huge discussion point i think on fourth-quarter earnings calls too how next 90 days of uncertainty surrounding that,
will play out. >> -- levine you were referring to she said looking for 5% earnings people think could be as low as 5%, you are in that catch as well shutdown showdown continues the how was passing a bill includes 5.7 billion dollars in border wall funding it is in hands of the senate to pass before partial government shutdown maybing good morning to you. reporter: 16 hours until roughly 25% of the federal government is set to shut down you are right last night house of representatives, passed the bill that will keep the government open, and also provide 5.7 billion dollars for the border wall the reason that came about yesterday president trump rejected a stopgap bill passed by senate would fund government another seven weeks, and president rejected that it doesn't include money for his desired wall. >> i have made my position very clear, any measure that
funds the government must club border security. >> has to. not for political purposes, but for -- for our country for the safety, of our community. this is not merely my campaign promise this is the promise every lawmaker made solemnly promise to protect defend united states of america. >> that bill will be taken bip senate has no chance of passing the president acknowledging that on twitter a while ago saying the following, quote, the democrats whose votes we need in senate will probably vote against border security and wall they know separately needed if dems vote no there will be a shutdown will last a very long time people donate want open borders and crimes democratspin this on president last week said that he would be in favor of a government shut down. >> bottom line is simply. the trump temperature% tantrum
will shut down government but will not get him his wall. >> maria as we head toward midnight it remains incredibly uncalory as to exactly how this will unfold, how this -- government shutdown could potentially be averted i asked sarah sanders on north lawn how any will change considering president trump will be in white house, republicans will still control the senate and soon democrats are going to control the house she said to me at this point, they hope that the somewhat will pass the house bill. hope is apparently what washington is hinging on right now. maria: blake thank you so much blake burman white house joining us former george w. bush senior advisory fox news contributor karl rove thank you so much for being here to walk this -- through with us, the president is on a tweeting spree about the border wall
funding shutdown his 9th tweet in about an hour says this, mitch used "nuclear option" get it done our country is counting on you, karl rove what are your thoughts on a push shutdown and the fact that they don't want him to have any victories they don't want him to have another campaign promise you know delivered, so this is going to be the beginning of the next two years. >> yeah, look. let's -- step it there is a lot of hypocrisy in here chuck schumer was one of 80 members u.s. senate in 2005 that voted for secure fence act, authored construction of 700 miles of fence and border wall, we built roughly 650 miles of that he supported it he could have said we will give the president billions of dollars to complete the commitment that i chuck schumer made in 2005 to build 700 miles of wall, having said that a total mess from start to finish.
the president has a televised private meeting a televised private meeting with schumer an blows toy try to have an agreement in that says i am happy to take responsibility to shut down the government, and i won't blame you, then we go forward in senate, starts talking about passing a bill without border wall, he is silent until they pass it only after they pass it that he begins to say okay i am not going to sign that temporary spending measure so we get right up here to the end, and i -- i agree with -- your correspondent at the white house i don't see the way forward what is a strategy to get to a victory here so we are likely to see a quarter government shut down before christmas be clear the president is going to get blamed for it, the poll for usa today 43% will blame president republicans 24% will blame democrats 30% equal
blame everybody president needs strategy way to get to victory start by televising private meeting with pelosi and schumer in my opinion a grave mistake about once you commit people so publicly it is hard to back down. >> going to dig in now going to dig in on everything is there a strategy to push back on baushg he is about to get next two years that is what i am saying does nothing get done ul bluster and fighting? >> you know there can be things that get done, take a look at criminal justice reform bill got passed by big margins is there a way people could find a way forward yeah, but you need to have the president needs to have a plan, and a strategy, and he needs to be careful about puttinging this all on tv, in washington sometimes you don't want to see the sausage making let it happen behind closed doors. dagen: it is dagen mcdowell what is fund-raising to american people everything is what does this mean for next election, what does this mean
for my polls rather than doing right thing standing by a promise, and i step back, and i have been very critical about president talking bragging about stock market you know on you own way up, way down erratic action everything that he has said to voters, getting out of syria, building the wall you name it taking on china, the trade fight, he delivered on it and then the media and so many people, with microphones were attached to them, act shocked, that he is doing this. when are we going to learn shouldn't be shocked when he does something he promised people that he would do. >> that is right, but what you say in the campaign, needs to be complained if you are going to do it as president you mentioned for example syria, this is this is a big, important decision, by withdrawing from syria there is a reason vladimir putin praised it, the ayatollahs in ter ran didn't operative it
this is a huge win basically united states pulling out of syria, and which is a client state of iran allies in the middle east are deeply concerned about this so this requires the president patiently explaining policy to allies explaining it to the country, and instead of springing it on us without explanation -- >> i agree with you on. dagen: i agree with you on that i want to point out i agree with you on that but if you looks at it from through a different lens he talked about it, and. maria: campaign promise delivering. dagen: right in terms of allies this also this thread between syria, and the trade fight is well slapped on allies unexpectedly without much notice, why journal out with joirl this morning. maria: scathinging op-ed, the trump volatility risks editorial board criticizes the president over choice of words
against fed recent, troop withdrawals righting i rattic action are different heading into 2019 divided government m trump acting less like a disturber of status quo more like raging bull. >> let's take afghanistan as an example of this the president apparently is going to withdraw half u.s. troops there, in the a very short are period of time the taliban let's not forget a barbaric regime gaves sanctuary to osama bin laden and al-qaida after 9/11 roughed to turn osama bin laden over refuses to educate woman engaged in most barbaric practices, and now what is message wait out the u.s., and you can regain power, so we got to be careful about this the president when makes decisions, needs to explain them to the american people, in a way that american people canaveral around it. maria: karl great to see you thanks for weighing in we
appreciate it karl rove coming up outed chairman ghosn facing new allegations, nike's surging this morning strong earnings stock up 8% back in a minute. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget.
just tweeted for the tenth time says this, thank you steve torque willing to go with the so-called nuclears option to win on desperately needed border security the my total support we are waiting to see what happens with the government shutdown over border wall a record number of travelers hitting roads rails skies hillary vaughn from lax airport good morning to you. reporter: good morning why -- three americans -- travel this season a record-breaking number 112.5 million travelers issue heading home or to holiday get you a away for end
of year season that is up 4.4% from last year the highest ever since aaa began tracked travel say in part to a surging economy. >> lower unemployment higher wages continues consumer office we have seen for the last few years. reporter: 91% road destination, airlines for america says 45.7 million people will head to airports around the country, and today, is the busiest day of the season for anyone who is headed to the airport so if you are headed to the airport today, and you are one of three million people be ready to wait this long linings. >> the latest there, travel is going to be a nightmare this week. dagen: 29 minutes ago what did we get on our phones here in the studio a flash flood warning for new york city area
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a look at chart says crude oil down 24% this year, is raising concerns about energy companies and their profitability levels there is major fallout for industry after price deadline in 2014 you remember over corporate dent joining us is peter kauffman a publish to see you thanks for being here. >> thanks for having me. >> what do you think about the price of oil is it telling us that there is a global slowdown on the horizon? or is it just about oversupply? what are implications in your view? >> well, the causes are -- a little tough to ascertain i will tell you that the companies that back in 2014, and 15 that utilized instead
of dealing with debt problems made them worst companies shareholders reeling because of it essentially was this, the wall street investment banks, who work for companies and also work for financial creditors, told companies you know what don't take advantage of bond prices signaling financial distress don't take advantage of creditors while on the ropes instead a secure debt swap gave secured debt to unsecured bondholders, about a little less face amounts longer maturity total bet on oil prices doing nothing but go up piper is being paid because prices are down, and you know you are seeing, a den berry chesapeake stock prices are half what it was when they did exchange and mid states, rex energy, shareholders being wiped out in chapter 11.
didn't have to happen, we only representative boards looking out for shareholders we are unconflicted would advise when bond prices are down take advantage of them don't roll over, and prove creditor's position at expensed of shareholders. >> a boil down $45 a berl aside from energy companies that are directly impacted by that, do you see that as a credit for the u.s. consumer as extra money in the pockets of consumers in the united states? >> i do, what is good for the consumer is bad for the oil companies, police department in many instances this would certainly be case down prices good for customer. dagen: one thing i will add maria story in the "the wall street journal" so much talk about 40% slide in oil since october, being oversupplied by shale producers, production cuts by opec, and the like,
but also signs that demand particularly coming out of asia is weakening, china, india other xhez across emerging asia the source of two-thirds of global oil demand growth, it is slowing, and that is one of the things factoring in the kind of continued downward spiral in crude prices. maria: that is what oil indicates my first question peter is this indicating a slowdown that perhaps is persisting worse than we thought quick peter final word? >> i think it is. ♪ good to see you, sir thanks so much, joining us, gdp and durable goods come up, the final reading on gdp for the third quarter, about markets are lower, going into the numbers right after this.
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november durable goods number, expectations call for 1.6% increase durable goods waiting on third quarter gdp, about the expectation for gdp final reading for the third quarter 3 1/2% growth, we know that the second quarter was 4.2% growth, the initial readings third quarter 3 1/2% growth expecting from gdp, markets are trading down going into numbers going to be hitting the tape any moment, we are going to bring them to you, as soon as they hit. the market is showing a decline 14 points on dow industrials, down 3 points on s&p, and down -- 3.4% the number gdp, that is better than expectations 3.4% growth, is the final read for the third quarter gdp. 3.4% is better than estimate called for a gain of 3.5%, no real movement in the markets, on this number but certainly is showing better growth than we were expecting.
>> durables up 8/10 of a percent worse than expected we were expecting durable goods up 1.6% get number on durable goods for november up 8/10 of a percent good not as good as expected gdp number is certainly a positive here, lindsey bell we have been looking for 3 1/2% number got 3.4% actually, so fractionally lower than expectations. >> very, very strong by historical standards for sure durable goods number was a little bit weaker than expected like you said last month we saw deadlines, positive is good. you know you want to capex funding continue. >> markets reacting positively to this 3.4% although not 3.5 we've been hearing so much talk about recession, we were -- not too long ago talking about 2 percent new normal only going to get 2%, 3.4% prosperity darn good so i will take that all day long.
>> this will be first year likely u.s. has grown at 3% or more for any one calendar year, since i think, 2005, but this country did not see 3% or higher growth in any calendar year during the president obama's entire 8 years in office. we have the wages finally growing at the fastest pace in about nine 1/2 years nearly a decade so backdrop here is a solid economic footing for the country. granted markets are looking ahead they are worried about everything, under the sun, and last several weeks even last couple months, nfevertheless right now u.s. economy extremely healthy. >> versus expectations you can argue fed doesn't need -- there is nothing looks like overheating fed doesn't need to stop 3.4% growth raising rates hopefully fed can take more wait and see approach let economy continue to grow people on main street continue
to see wage increases going to fuel the economy. >> also, we are in a very important point in the calendar holiday season shopping coming up bhi all accounts people expect it to be a good period. >> you saw in nike numbers expectations for 2019, by the way, even though fed and other imf others are lowering rates for global are getting u.s. gdp in 2019 you have anywhere from over 2% to high 2%, for next year, that is still really strong. maria: are um-hmm. dagen: in terms of inflation, to your point, mike, we are not seeing this is why "the wall street journal" before the federal reserve meeting wrote it is time for a fed pause because we're not seeing that cost-push inflation, where rising wages translated higher cost across economic spectrum core pce fed looks at personal consumption
expenditures below 2%. >> worry that input costs go up cut margins that is why markets have been trading this way right so far you are saying we're not seeing that. >>. dagen: not in terms of -- but there are there are costs increases at the company level in part because of the tariffs, but this is something that is more easily controlled than broader uptick in inflation. >> look if you look at -- ebitda margins, next year numbers have not come down significantly, on the margin level even if you think costs are expected to go up. >> you have you look at this number so we have so will you solid growth through end of third quarter next year if fed doesn't get overly involved nothing telling you this is derailed but 20% correction in market again i think, creates opportunity. maria: accumulation on inventory was an issue, much
bigger inventory than previously stilted. there was downward revisions to business spending on equipment and you nonresidential structures, this is important because we haven't seen the capital expenditures slow down that much but looking at this number, to business spending on equipment so it is really just the expectations here, growth is being driven by the cut plan for sure look at market having given up gains from tax plan nike a highlight this morning crushing second quarter, expectation, stock up 8% right now, gerri willie on the floor with that story good morning to you. reporter: good morning, maria. you got that right, nike crushing estimates, last night after the close earnings 52 cents versus 46 cents a share the expectation, revenue 89.37 versus -- 9.37 versus 9.18 question top and bottom line stock surging up 9% premarket
trading the company had a tough spring accusations misconduct in workplace coming back from all of that, what helped kaepernick ad you talked about on your show, since stock down 21% because of really tough competition out there lululemon up 46% adidas up 5, men's yoga wear poised to out grow women's yoga wear, coming out with self lacing shoes. >> the toys "r" us big news not in marketplace people miss that 10% annual toy sales happens the week before christmas, people relied on toys "r" us to have a deep bench a lot of products on
shelves. they are not there this morning -- loss of the store -- so keep an eye on that, meantime we will keep an eye on nike shares as market opens, back to you maria. maria: gerri thank you so much gerri willis on the floor of nyse where we are expecting a fractionally lower opening for the broader averages well off lows this morning american hero is looking to a end the border wall funding battle air force veteran purple heart recipient brian raising more than 11 million dollars. >> thanks for having me on. >> thank you for your service, to our great run how did you come up with this idea and tell us, what you are trying to do how you are getting word out in terms of gofundme page to build the border wall. >> americans in general issue frustrated the way things going to last year with border wall a lot of people talk about doing it few people done it them failed a little bit, i
thought maybe something i can do take it to being a triple amputee once i put out theres it blew up fast, you know i think shows the support for america what they want trying to achieve, and, you know, people want this wall the support is there, and ready to put the money where mouth is trying to make this happen they are trying to show political leaders what they want. maria: so you are a maerd mar media if you are a of two lost both legs right arm 2004 in you insurgent attack in iraq can you tell us why you believe this wall needs to go up. >> we immediate for security of our nation we are a nation of lace we need uphold laws need to know who is coming across our borders kids, protect people, time and time detain, you know there is individuals coming across borders should not be coming into our country, killing people, unacceptable one death is too many deaths we need to
put a stop to it, i am for legal immigration knowing who is coming kwloos our country was built on legal immigrants we need to follow that tradition. >> are you looking to raise 5 billion dollars you raised 11 million dollars so far what happens to the money if you miss your goal? >> well, we're trying to raise one billion dollars right now if we miss our goal either going to refund it or let people vote on it see what they want to do with those funds because it is a big amount if they want to put towards another border group or making border better, you know giving back to veterans whatever they want to do going to put it in their hands. >> you raised an impressive amount of money in a few days what is average donation like i think you mentioned every one low voted for trump just donated 80 dollars we would get money needed for the wall. >> i think right now is around last i checked 60 dollars, and that is -- we're not getting
people who are voting for trump now i am getting messages from many democrats say they support this wall so i mean, the 60 million this is for trump voters could have a lot more even if democrats or republicans showing in support of all americans coming together on this. >> brian, again thank you for your service, when you speak to the people other people in the military, friends of yours from service days, are they unilaterally in support of the wall or do you hear from anyone not really sporting it is military behind this one hundred percent? >> every one i know behind 100 percent every won i served with in military is 100% behind this wall the amount of support is a lot more than liberal media want you to believe i was shocked i got
tons of e-mails from democrats preclude my mind you don't hear anything about that you don't think that democrats want this wall but planter they do want this wall. >> how can people donate if they choose to? >> we set up a site called we fund the wall.com, that is our hub for everything you can go and has a redirect to our war, donate a mailing address if people want to send checks we fund the wall.com. >> okay. great stuff thank you so much we appreciate it watching you the developments 11 million dollars right now we will check in soon thank you brien. >> thanks for having me. >> thank you for your service to our great country we appreciate it coming up carlos ghosn-facing new charges what is at the stake for former nissan chairman rearrested in japan a present for juul employees altria takes a stake
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japanese prosecutors derailed that, this morning, when they arrested him for the second time suspected of shifting more than 16 million personal losses to automaker in custody more than a month on charges underreported compensation, today's arrest allows prosecutors to continue to hold him in jail. well, getting a new patch remember president h.w. bush "sully" yellowlab form president's service dog after wife barbara died in april the four-legged friend has received this patch in new york, where he was trained, look. . >> thank you for your service. thank you. [applause] cheryl: everybody loves "sully" next assignment is to help veterans at walletr read
national military medical center in maryland had to make a stop at the training facility before. >> a surprise for juul employees following 13 billion dollars deal with altria giving two-billion-dollar holiday bonus, to juul 500 employs that averages out to 1.3 million each the size of each bonus against how long employee has been with juul how much company stock they own altria deal nice broke juuly accepted company selling out to maker of marlboro maybe will feel better shares altria down modern 2% premarket. >> stock down 3 1/2% that is a great story, cheryl a million dollars or more than a million dollars per employee what if employee of altria what are they getting. >> getting the dividends i
guess a long time. >> keep your job. >> buying into juul employees getting liquidity may gos private market great when something like this happens. dagen: i would argue not just nicotine deliver ultimately a bet on legalization of marijuana in more states if not nationwide some point. >> you are right coming up breaking out ugly sweaters celebrating season in style wait until you see the ugly christmas sweaters we picked out next, back in a minute. -- the christmas tree, the a christmas party house ♪ this is where you can about see every ♪ your home improvemet "to-do list" still isn't "to-done". but hey, at least you still have time to get the ford vehicle you've always wanted. just get to the final days of our holiday sales event. see you sometime between now and january 2nd.
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♪ delightful ♪ the place to go, let it snow let it snow let it snow ♪ maria: it is that time of the year again today national ugly sweater day to celebrate cofounders of ugly christmas sweater.com, fred and mark great to see you thanks for joining us. >> thank you. >> that you for fantastic sweaters. >> we're bookended here, oh -- christmas story, perfect for me, because i have a whole lexicon of worse to avoid cursing on national tv 2008ed. >> i have keep the change help -- home alone, you see nuts here but don't on the back you see nuts i like it. >> good to have you we've got a show our colleagues here
lauren lindsey. >> wear this. >> this is from elf santa i know him. >> awesome great in sweaters, how is your business doing tell us about ugly sweaters what is happening. >> fortunately increase this year attribute more to diversity audience reached out to many you influencers on social media, what do you do m in other 11 months focus on halloween. >> we do a halloween costume company focus on getting in touch with different influencers did deal with ninja a deal with yu tubeer, different annualize we sell christmas sweaters p. >> a yoda sweater you are
appealing to the entire crazy -- audience. >> licenses like, "star wars," and as you can see, you know started when we first started selling t-shirts online prior to this business it was we acquired a lot of relationships with studios, for example from fox yours another movie, home alone another one. >> that is top-selling activator. >> we have three new sweaters tr trt-rex, our people like that reaction they like, exciting ones, started manufacturing some sweaters in the u.s. the year 10% sweaters made in u.s. we are going to continue doing that throughout the year, and gain on that. >> very good stuff, great to see you both such that be love
national ugly sweater day don't we girls. >> we can -- >> we want -- >> joining us on national ugly sweater day, coming up we are continuing our christmas celebration "mornings with maria" stay with us we will be right back. ♪ happy holiday to you ♪ ♪ ♪ .. i'm ray and i quit smoking with chantix. smoking. it dictates your day. i didn't like something having control over me.
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and a bunch of stuff. i will be at the cowboys game and there will be a lot of kids and presence and i can't wait. >> lots of presents. how about you? liz: pittsburgh with the family, can't wait to get there. maria: i will be with my family and looking forward to it, my parents. >> i will miss you. have a wonderful christmas, everybody. we want to thank our wonderful viewers and the support you have given us, merry christmas, happy holidays, happy new year to all of you. we love you. >> merry christmas. maria: a "mornings with maria" sweater. we also have, stuart is watching from home, right? you want to show us your sweater? you got a good sweater and
jacket as well. stuart is watching at home. merry christmas to you because "varney and company" is up next, but ashley webster is in for stewart this morning. we've got to get this sweater to show you. ashley: you would never wear it but i will wear mine under my suit. maria: you want this one? ashley: bring it on over. maria: take it away. ashley: thank you in the. i am ashley webster. stuart is on vacation. here's the big story on this friday. market at its lows for the year, the final read on economic growth came in at 3.4%, that is the number. growth remains strong and futures near the highs for the morning after that news. where do we end up? nike helping the dow, sales and profits, the cer