Transcripts For FBC Varney Company 20240713

To war. The nightmare stage of trumps rule is here, says michelle gold berg in the New York Times and paul krugman simply calls our president a bully. Democrats lining up to attack the president , Bernie Sanders says hes like putin. Assassinating dissonance. Meanwhile, theres real chaos, where hundreds of thousands on the streets for the funeral procession of Qassem Soleimani and then a stampede. Iranian state news media says more than 30 are dead. Overall this is a morning of confrontation, war talk threats and military preparations and as for the market, a shrug. Monday the dow made a 200point uturn and actually closed higher. This morning were looking at futures, minor loss for the dow and the s p, a 10point gain maybe for the nasdac at the opening bell but look at oil, another shrug on that market after the Soleimani Killing the price of oil moved to 63 64 a barrel today its back to 62 and the price of gas, Holding Steady the National Average still right there at 2. 58 per gallon. Stay with us, please. One hour from now, secretary of state pompeo makes a formal statement on the iran situation. Youll see it, Varney Company is about to begin. President trump he should have been taken out a long time ago and we had a shot at it and we took him out and were a lot safer because of it. Well see what happens and well see what the response is if any but youve seen what i said our response will be. Stuart hes doubling down on his decision to take out Qassem Soleimani. Fox news contributor james free man washington Journal Editorial Board with me now. Yes, sir. Stuart all this war talk in your judgment is america headed for war with iran . Well i hope not. I think the president hopes not. Certainly, the world is a better place without soleimani, but it is difficult to say what happens next. There could be retaliation and i think that its the right move for the president to say very clearly, very forcefully that we will respond and perhaps disproportionately to any iranian attack on the u. S. Stuart i just get the impression in looking at the media and looking at some democrat statements that they are trying to not push us to war , but trying to say that the president is taking us to war come what may. Well i think we do need the context and i know a lot of your viewers already know this but we mentioned the two New York Times columnist, theyve been telling the president every name in the book including the trader for the last couple of years, so the fact that they are criticizing him i dont think is significant i think the president is where most people are, which is we dont seek war, but we are going to aggressively defend ourselves stuart is the president on the back here . I dont think so but i also dont think that its a, i think anyone thinking this is some reelection move has it wrong. There is great risk in potential warfare. I think he has been on a path to a very good 2020. I think this adds some uncertainty which could disrupt what is a very solid economy, so i think people were thinking this is some political move have it wrong. I think hes doing what a president has to do to defend the interest of the United States. Stuart james lets turn from this to your money. Look at futures, we have to be down for the opening bell not a whole lot but just remember, we did a 200point turnaround yesterday, and actually closed higher. Were looking at a slightly lower open for the dow and the s p, slightly higher for the nasdac. Scott shelledy, market watcher joinses now. Scott let me say this and wrap up my comment with this. In my opinion, investors believe that iran will not hurt america s economy, and will not raise the price of oil significantly. Do you agree with that . The second one being the fact that we have a tremendous supply in the u. S. And were not really worrying about the rest of the world and look all President Trump is doing is what your parents could do to you when you were young and growing up. If you got somebody continuously taking advantage of you youre allowed to fight back and stand your ground and i think thats where america stands on this. We dont like whats happening right now, but we definitely like the actions that precipitated this just like we dont like the way china trades and we dont like being in a trade war, but you have to sometimes stand your ground, however uncomfortable that pay be to get your point across Going Forward. Stuart ive got to tell you though, scott, i was expecting a more pronounced response by the market, both the stock and oil, because this is a Major Development, right in the middle of the oil patch, right in the middle of the middle east and yet the market is almost completely slugged it off. I was surprised at that. That doesnt mean that the risks are not there but it does say a few things that are a lot different. You and i are from the same background when it comes when these markets were 30 years ago, yes our hair would be on fire right now and we would be worried about the price of oil being over 100 a barrel but things have changed so much now, stuart that i sit on the desk with younger kids and they dont remember those days so they dont get as excited and they know we have a big supply of oil in the United States so things are a little bit more muted. It doesnt mean the danger isnt there but weve got a different now when it comes to oil in the middle east than it did when i was starting in the business 30 years ago. Stuart james freeman, last word to you . Yeah you can thank the American Energy revolution i should say all of the factors, but also the u. S. Is much more efficient. We get a lot more gdp out of each barrel of oil than we used to. I also think that markets like that the president isnt saying im going to remake the middle east and invade places. Hes saying were going to be forceful on defense. Stuart last question to you, scott. Would you say this is just a temporary blip in the ongoing bull market . Yeah, i do. I mean last year, we had three problems they were headwinds and now they might be tailwinds, china phase i, brexit and usmca, stuart thats going to come in ultimately and be a lot Bigger Picture than when this little iranian problem weve got on our hands right now. Stuart got it, scott, james, both of you thank you very much indeed gentlemen. Thank you. Stuart moving on to cover boeing, the wall street journal says that thinking about raising debt, more cash, as the 737 max crisis takes a toll. They are also reassigning 3,000 workers away from the max jet project. Boeing only down a tiny fraction down 0. 04 today, 3. 33 is the price. American airlines has reached an agreement, a settlement i should say, with boeing over the max jet. No change for that stock. Its actually just up 1 . Lets go to tesla, real news there. Look at it. Theyre in record territory for the stock, 4. 58 and theyve delivered their first car in china at the shanghai factory, and susan, as i understand it, elon musk was dancing. Yeah, warning to our viewers because once you see it you cant unsee it. Stuart [laughter] brave man in shanghai as the model 3 rolls off the line, in china. You have to give it to him because the china excitement has really ignited the stock into record territory. Thats kind of like you, stu. Isnt it . Stuart the man, look at the dance. Look what he has done. First foreign carmaker to own their own factory in china rolling 1,000 model 3s off the line initially, up to 3,000 and according to analysts we might be looking at 100 to 150,000 model 3 deliveries, in the year thats a big deal and this is the largest car market in the world, and this has propelled the stock higher, in fact wedbush says this might add 100 to the stock, we might get past 500 a piece. Stuart hats off. Hats off to elon musk. I didnt see this coming. I downplayed him as an executive , and when he smoked weed with the podcast, i thought thats it. Hes done. Look at him now. He needed to prove himself in this market because electric car sales are down 43 in november and they are discounting this is from the Chinese Government sub say diplomats in order to get buyers in so i think that he has to prove to the market we can do this but right now the market is believing. Stuart hes dancing, all right check futures overall well be down just a little for the s p and the dow, up just a little for the nasdac. Were waiting for secretary of state pompeo, whose going to give a briefing about iran, when he speaks should be around 10 00 this morning eastern when he speaks youll here. Reporter hear it. People are leaving high tax states like new york and heading south where theres little or no income tax, no state income tax in florida, for example. Well tell you which states are cashing in, guaranteeed. Also judge judy hitting the campaign trail to Mike Bloomberg just wait until you hear why she says voters should not write him off. 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So ditch the old way of selling your car, and say hello to the new way at carvana. Stuart all right breaking news on usmca that of course is the new nafta, Edward Lawrence on capitol hill, close to a vote in the senate i think . Reporter yeah, whats going to happen now is the Senate Finance committee is expected today to vote to move the usmca to the full senate. That would be a vote in the full senate, but that is up to senator Mitch Mcconnell as to when that vote actually comes up , and hes waiting on the articles of impeachment to come over, because a source familiar with the process tells me that the priority in the senate is the trial, is the impeachment trial thats going to happen, so once that trial happens, according to the source, then the vote, then the full senate but this clears a step, so today , usmca is going to pass, is expected to pass a Senate Finance committee and make it to the full senate, clearing that hurdle just waiting for the senators to vote. Stuart Edward Lawrence thank you very much indeed. Well keep in touch on that and then there is this. Judge judy officially endorsing Mike Bloomberg for president. Youve got to watch this, here we go. I think that to define Mike Bloomberg as just another rich guy is one of the greatest in justices of this Political Campaign that were in, because Mike Bloomberg is the only one of the candidates who has experience governing and managing and successful and if hes successful and happened to have made money being successful , that, folks is the american dream. Stuart okay, judge judy, right, shes got 10 Million Viewers by the way. Gop chair Rona Mcdaniel joins us now. Mr. Bloomberg is spending a ton of money, i believe 166 million thus far and hes doing well in the polls and now hes got judge judy on his side. Whats your response . What are you doing about bloomberg . Well, theres a lot of things with bloomberg that in his candidacy, one hes spending a lot of money so buying name id , but not in the right states, not even on the ballot in New Hampshire, not even on the ballot in nevada, hes planting his flag well down the primary path. We havent seen any committee be successful that far down plus hes not going to make the debate stage so what bloomberg really signals to me is how weak the Democrat Field is that nobody is going around these other candidates that have had six debates that have been campaigning nonstop. It shows how wide open that field is hes able to get any traction, and you cant discount the momentum that happens when you win in New Hampshire and in iowa and South Carolina and nevada. I dont think its a good strategy to wait that far down the map and think that youre going to be successful. Stuart would you dismiss him . I dont dismiss anybody, but i dont think judge judy was describing bloomberg in that clip. She was describing donald trump. Hes the one whose had managerial experience and govern ing experience and been successful and brought jobs, and got this economy kickstarted. That is the candidate thats going to be running that can bring that experience to the American People and proven results. Stuart whats your response, i should say, to Bernie Sanders comparing soleimanis death to assassinating, thats what Bernie Sanders said, like putin, and that word assassination is very important because you cant assassinate a foreign leader. I think its disgusting what Bernie Sanders has said. When you think about the families who have lost loved ones, our men and women who have served our country, who died at the hands of soleimani, to have a candidate running for president compare killing a terrorist who was planning an imminent threat and attack on the United States to putin, its just frightening, and to hear nancy pelosi say that the president s response was disproportion at, well id like to ask nancy pelosi, how many more lives american lives need to be shed before there is a proportion at response . The president did the right thing and he took action. Everyone knows that this is a man who has american blood on his hands, and it was time to take him out and he did the right thing in protecting the men and women of this country. Stuart Rona Mcdaniel thanks for joining us. Thank you. Stuart a couple stocks we have to check for you, especially google hitting alltime highs, not right now, that is, but i believe yesterday was an alltime high, 1,395 is the current quote on google. Its gone straight up this week. Look at amazon, wants to get alexa into your car. I dont understand that, well have more on it later. Amazon is above 1,900 a share right now. Qualcomm, theyve got new chips that will turn your car into a robot. I absolutely dont understand this. Ashley so were talking about Autonomous Cars the ones that can drive by themselves but lets not get ahead of ourselves its all part of a package of new chips that qualcomm will be putting out and probably in stores in 2023, snapdragon ride is the name of the program. Its a series of chips and technologies basically that can take all of the data that comes in from the sensors placed around the car and then put them together so that that car can operate by itself. Intel is big in this of course, nvidia, they are all racing to get a chunk of this business, and you know qualcomm says its already got 6. 5 billion worth of orders in the pipeline from a variety of carmakers so they are really trying to get out ahead and they tried to buy a Semiconductor Business in this field last year, that fell through, because of regulatory problems but they are spending big to get ahead. Stuart i guess its coming. I dont know when its going to arrive big time. I dont think im going to be in one of these things. Well sticking to uber self driving the head he said if you want a car you can plot anywhere in the world and self drive thatll probably be another few decades. Stuart few decades . Oh, see. Ashley thank you. Stuart we always like to check futures right before the market opens. Ashley the selfdriving hearse. Terrible stuart it was funny. So early. Stuart down for the dow and down for the s p but up for the nasdac. No big moves either way thus far today. Another major retail source shutting its doors, or a lot of its doors i should say. Were going to tell you why pier 1 is closing nearly half of all its locations. Thats next on varney. Im your mother in law. And i like to question your every move. Like this left turn. Its the next one. You always drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. My son, he did say that you were the safe option. And thats the nicest thing you ever said to me. So get allstate. Stop bossing. Where good drivers save 40 for avoiding mayhem, like me. This is my sons favorite color, you should try it. [mayhem] you always drive like an old lady . [tina] youre an old lady. Stuart look at futures, no major moves in either direction, when the market opens, in precisely seven minutes time. Weve got a story on the retail as pier 1 is closing i think its 450 stores, and Jackie Deangelis with us, are they trying to avoid bankruptcy . Reporter good morning to you , stuart. Well they havent said anything officially about bankruptcy but that is the speculation at this time. Remember that Earnings Report yesterday, sales were down 30 year on year, it was a loss of 59 million and youre right. If you used to pop into one of the stores there are going to be 450 less pier 1 Stores Across the country to pop into to get that furniture or accent piece and its about half of the outlets for this company and ceo is saying that this is going to help the Company Align better with the current environment, and you know, as well as i do, its tough out there for retailers, stuart. Stuart retail ice age, thats right jackie. Thank you very much indeed and then we have borden, which is one of the countrys oldest and Largest Dairy producers filing for bankruptcy. Ashley people just arent drinking milk as much consumption down 6 since 2015 and the rising cost of milk has also, codeine foods was the Largest Dairy, americas milk producer they filed for bankruptcy in november, and now borden, 3,300 employees, theyre going to try and reorganize in bankruptcy. They were taken private by a private equity firm back in 199r the dairy farmers, 2,700 Family Dairy Farms went bust last year alone. Its a tough go for the dairy industry. Stuart thank you. All right, the market opens in five minutes time. Well take you there, and youre going to see a slight downside move for the dow, a slight upside move for the nasdac. Well take you thereafter this. He wanted a man cave in our new home. But she wanted to be close to nature. So, we met in the middle. Ohhhhh look who just woke up you are so cute but one thing we could both agree on was getting geico to help with homeowners insurance. Yeah, it was really easy and we saved a bunch of money. Oh, you got it. 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Stuart at this point, investors believe that iran will not hurt americas economy, and will not raise the price of oil significantly. What do you say . I agree. [laughter] investors are looking past the iran story, so the big, the way it would hurt the u. S. Economy is if oil had a huge spike up to 80 or 90 or higher. That would be an impact on the u. S. Economy. Were not seeing that, so on to the next story, which is the u. S. Economy, and the consumer here in the United States. Stuart i think youre right. Im just surprised that weve seen just the market shrug off a Major Development in the middle east like we have even over the last four days anyway they are clapping and cheering at 9 30 eastern and the market is off and running and in the very very early going i see a loss of 65 points and i see a lot of red ink amongst the dow 30 now were down 70, 73 and were down right from the getgo and weve got about 25 of the dow 30 in the red. How about the s p 500. Whats that doing . Its down but not as much percentage wise as the dow, and the nasdac composite whats that doing . Down a tiny fraction, if at all, and down three points as we speak, still way, way above the 9,000 level and individual stock s making news and going places, look at that. Tesla 459. 37 right now, up 7 and it just delivered their first cars made in china. And look at the luxury carmaker james bonds car i believe, and its down 16 , 6 a share. Not a very rosey forecast and when you do that the stock takes a hit and remember that stocks had a 200point turnaround yesterday. We were down, and susan and i, and ash are were saying wait a minute, were going to open, were going to close higher and we did. Ashley yes. Stuart so mike, i think the three of us here are in the situation by saying this market just wants to go up. Absolutely the market does want to go up and the reason why stuart is that aside from the geopolitical headlines that we are looking past, the story in the u. S. Is growth. Its consumers, its spending a lot of money. Its strong earnings coming in and if you bet against this market recently, youve lost. So theres a lot, remember we talked about it back in early december live on the air stuart. A lot of money on the sidelines people waiting for the china deal to fall apart or the main pullback, the recession that was coming so a lot of cash was on the sidelines there that cash is being put to work right now. Any drop, moneys coming in. Stuart thats interesting, because weve got a drop right now. The dow is up 70 odd points that could be a couple of stocks which are taking the dow down, just a couple of big points. Ashley oil too is moving lower today. Stuart thats right the Oil Companies will be taking it. So were not 91 points down on the dow in the first couple of minutes worth of business and you expect some buying on this dip. Absolutely. Stuart all right Goldman Sachs says gold is the best way to protect your portfolio at times like this. You dont agree with that do you i dont agree, stuart because theres always some sort of potential conflict out think in the world and to go out there and buy gold, gold has under performed the market. Id rather buy growth and invest for growth and anyone at home who can trade gold successfully, good luck to them. I cant. So i would just stay away from gold. I think using gold as a hedge with something that worked 40 or 50 years ago i dont believe it works now. Stuart the way to get into gold the easiest way is gld. Yes. Stuart goldmining shares. The other way, which a lot of people do use is to go and buy the one ounce and half ounce. You can buy paper gold too. Paper gold is very transferable so thats obviously something that they use to play gold as well. Stuart whats paper gold . What is paper gold . So its basically gold thats been melted into paper. So i own it. I mean, theres pieces of it. Stuart really . Yes. Stuart i dont know that. Ive not seen paper gold. Really . Stuart and im a lot older than you are. Wow. Stuart i like the sound of it. Ashley yeah that is interesting i bought it in 1800 though when i thought ben b was coming in during the helicopter money so im cheering it on, if it gets backup maybe ill sell some paper. Stuart someone like me should not be admitting i dont know what paper gold is. I shouldnt be saying that. All right lets wrap this up with four minutes into the session dow industrials are down 70 points now, and the biggest percentage loser amongst the dow 30 is chevron, with the price of oil is down, chevron is a dow stock and thats helping with the 60 point loss now, for the dow. Alltime high for tesla, youre looking at it, 460 a share, just made their first car deliveries, in china, but mike murphy you have never owned tesla and you never will and youve missed it. Absolutely missed it and you have to give credit to elon musk , theres been a lot of people betting against him. I dont know how you value this company but i equate tesla, stuart to netflix. If you want to, a lot of people are betting against netflix that they had too much competition coming in, but theyve been able to succeed thus far. Stuart on your screen, elon musk is dancing at the shanghai factory when the first car was delivered. I think the man is entitled to dance. I take my hat off to him. Absolutely up another 2 today hes dancing even more right now because he still owns a large percentage of this company, so good for him. Huge win for him. Huge innovation for the United States of america, great win for shareholders, congrats if you own the stock. And he killed the shorts too they lost around 8 billion last year, 700 million in the first two days of this year, so, you know, i guess he got what he wanted in the end, which is pride, and ego. One thing if you dont own tesla right now i would not look out at an alltime high on the stock and say im afraid to miss this let me go out and buy it. Stuart i take your point on that one for sure. And how about disney . Barclays the Investment Firm says that disneys streaming business, although its only what a couple of months old, is worth 100 billion. I dont know where they get that number from, its a twomonth old business whats going on . I guess they are looking out at next year and what can be generated from the disney stream ing business but ill tell you this stuart if netflix is valued properly here disney has a lot of room to run. Disney will take some market share and disney will be able to monetize the user a lot more than netflix can, so at this point, at 260 billion market cap on disney for the overall company, i think that theres a lot of room to the upside. I think barclays is noticing that netflix is worth 144 billion and they have 130 million subscribers around the world, so i think they are probably taking that valuation and extrapolating it to the value of disney plus. Stuart couple years ago when streaming was first starting to be mentioned, whoever thought it was going to become a business of this size and global magnitude . I certainly, thats another one i missed. Ashley [laughter] stuart amazon, this again, i dont understand this. [laughter] stuart susan is going to explain it. Amazon wants to get alexa into your car. Now just give me an example. Ive gotta lex a sitting there. What do i do . Well alexa will be in your car so think when youre driving youre just talking to alexa in your car the whole time anyway helping you with the weather system and if you have to dropoff because you need gas in the future, if youre at an exxon or mobile gas station, after you pump up, you can just say alexa, pay for gas and it does that automatically for you. You dont even have to walk in, take out your credit card, its all automated, and thats just one part though, voice activation, but also, tv for future entertainment in case you need it in your electric cars that amazon has also invested in , and echo auto devices as well, so physical devices that will be input into your car. Stuart im moving on. I just have to move on. Okay . Theres a lot going on, with carlos gsohn, japan asking lebanon for help and theres an arrest warrant out for his wife. So whats the significance of that . Ashley carol, theyre charging her with purdy jury saying she gave false testimony to a court in tokyo in her husbands case about the transfer of money from one company to another and shes also denied knowing various people, and or meeting them and japan says those statements were false as well. No response from carol ghosn, and of course were awaiting the press Conference Tomorrow in lebanon by carlos ghosn, which will be really interesting because he has evidence of a coo launched against him and documents he has should be very very interesting. Stuart thats at 8 00 eastern time tomorrow morning correct . Ashley correct. Stuart that is the press conference that will be very interesting. Facebook getting ready to remove deep fake videos ahead of the 2020 election, which is now what , 10 months away. How did they tell real from fake very hard. Thats why theyre trying to get rid of them, so thats ones manipulated by using advanced tools, and an example of that being the nancy pelosi video that was released last year where she was seen to be slurring her words. Stuart that was fake. Definitely and one about Mark Zuckerberg saying look whats on your platforms and thats why they are trying to remove it right now, its very hard to decipher, but they are trying their best especially ahead of the 2020 elections, and trying to get ahead of that because they dont want to be i guess that platform for misinformation and swing votes. Stuart are they saying like any deep state is out . Yes. Stuart because i can imagine that being a form of humor. Not political, but just humor. It could be for sure but i think whats going to have to at some point stuart well need common sense where you the consumer have to be able to make some judgment somewhat out there , so facebook wont be able to Police Everything thats out there because like you say, some of it may have negative connotations or negative intent. Other might be just to get a point across or do something funny, so the consumer will have to know, if i listen to the Stuart Varney show i know im getting true real news and if im listening to Something Else maybe im not. Stuart okay ill run with that. [laughter] ill definitely run with it mike murphy thank you very much indeed. Thanks everyone. It is 9 40 the time when we wrap everything up and say where the market is. Down 93 points, that is one third of 1 down, but i always say this. Look at the level, 28, 600 the market is still shrugging after the killing of soleimani. The pentagon showing a full show of strength. 52 fullyarmed f35 fighter jets taking off from a base in utah. Well discuss whether this is sending a message. Ashley oh, yeah. Stuart to the iranians surely. Those are warfighting machines. Were still waiting for secretary of state pompeo to address the media. Well bring him to you, live, as soon as he steps to the podium. That will be around 10 00 eastern. The Consumer Electronics show kicks off in vegas and were there, live with some of the cool gadgets they are described as and well show them to you in just a moment. Stuart dow industrials after 13 minutes worth of business are now down 111 points. Weve dropped below 28, 600. The Consumer Electronics show kicking off in vegas, and curt k nudson is there for us and right from the getgo the power vision, power egg x. Go. [laughter] this is one of the coolest drone s ive seen, and its your own personal Artificial Intelligence drone that essentially youre going to launch and it recognizes your face and its going to pursue you, so lets say that you take your kid to the soccer game. You launch it, and it will follow your kid from that perspective and you will be the parent with the very best game footage of that. If youre doing a cooking demo on the inside, you dont want to use a waterproof one just a regular one that will then also follow you as you do your cooking demo, as if you had a whole crew of cameras around there so its going to light up some more clever videos. Stuart but wait a minute it could be used for malitia purposes as well could it not . Yeah not this one. This is not the kind that carries a payload. This is more of a camera that happens to fly. You wouldnt think about the danger, no, youve already got the spying machines out there. Theres plenty of drones that have cameras that you can this is about getting outstanding 4 k video of your family. Stuart okay, i want to hear about this skinny tv. How skinny is it . [laughter] so a lot of bets with it so 8k is what everybody is talking about as the next standard for 2020, and ces really founded on the debut of television. Youre looking at the samsung 2 950. Look at the edge of that thing. It is just 2millimeters so the bezel, you dont even see it. Its almost invisible when you mount that tv, so you just see the picture. Now, show up in person out here in las vegas, turn up the volume on that. Its got virtual 5. 1 surround sound, and youre wondering how in the heck did they get that to come out of that piece of glass, so some big advancements on how thin this stuff is going and also just how smart its become to take say older badlooking video, and use ai inside of the samsung system to upgrade it to 8k, so they enhance the video, so you end up with just a spectacular lifelike trueto life picture. Stuart not too long ago you were sort of looking at the big products for the 2020s and you said bendable, foldable screens. Would that samsung thats for the decade. No youre not going to see that hit the Consumer Market yet. This one, no. Thats not this year. Thats not that format. What theyre trying to say is this is our big play for 2020 in the Consumer Market, but what you and i were talking around the holidays as we predict whats happening for the decade you will see bendable screens coming just not yet. Stuart cant wait. Curt thanks for joining us. Im sure youll be on the network throughout the day, with the gadgets and we look forward to it thanks curt. We have the nfl, this is an interesting story. The nfl is cracking down on whats called google pirate streaming, this is ahead of the super bowl. Explain. Ashley this is in the uk in particular, you go to the uk, you put in google and you look for nfl streaming, there are a number of sites out there where you can illegally get access to the nfl. Theyve been pirated through these sites so google has been notified by the league, and sent notices to remove these sites. They used the vpn, its a Virtual Private Network and it says that the Computing Devices are directly connected to the private network but theyre not. They are pirating it. No comment yet from google but there is a 10 or 11 sites now in the uk and this is big money. Lets be honest. Stuart oh, you pay for this . Ashley no the nfl is losing money because of the amount of the charges cbs, fox, nbc, they all pay roughly 3 billion a year for the nfl, so if you have private sites out there, where people in the uk can watch and pay a minimal amount to the website that you sign up for, its a nogo so google obviously is trying to track down these sites. Stuart okay, u. S. News and World Reports out with the top jobs for the 2020. Some of them, the bestpaying jobs are in the healthcare field tell me more. Right number one, anesthesiologists, you make 267,000 a year, i was surprised they make more as an than a surgeon does, because that comes in as number two, 2 55,000, youd think they make more because they have life and death in their hands right . Oral and maxillofacial surgeons make 242, gynecologists 238, orthodontists 225, and the rest, if you go down the list, it looks like Petroleum Engineers make 15 6,000 dollars, and financial managers 146,000, and how they came up with this list was they were looking for high salaries, ample open positions and opportunities for promotion, but i would say none of this compares to the host of Varney Company. Stuart oh, youre right. Quite rightly so. Yes, there you go. Stuart im going to move on from that there. Check the market now were down 125 points, and weve got, i guess were looking now at about 20odd of the dow 30 are in the red. Weve opened on the downside this morning. In just a few minutes, secretary of state pompeo addresses the media on the latest in iran. Were monitoring that press conference, well bring it to you live when it happens. Varney continues after this. Liberty mutual customizes your Car Insurance, so you only pay for what you need. I wish i could shake your hand. 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So we took our worst vice, and turned it into the dna for a better system. We created bionic and put the word out with godaddy. What will you change . Make the world you want. Stuart couple markets we should Pay Attention to the price of oil down today, it moved up after the Soleimani Killing its down to 62 a barrel and the price of gold moved pretty close to 1,600 an ounce after the Soleimani Killing, and its at right now 15. 71 per ounce. Our guest says President Trump needs to address the problems of the middle class to win in 2020 and economist peter maurici is with us. Okay, peter ive read your stuff and youre saying the big problem, a big problem for the president is outstanding student debt. And you think he should do something about it. Surely, youre not suggesting a bailout are you . Absolutely a lot of these young people were duped by colleges and private schools into borrowing money to take courses that led no place. Its one thing to talk about holding the varneys responsible but at the age of 50 as you are, you decide to take a mortgage, but 18yearolds being hustled by admissions counselors, parent s that dont necessarily have a lot of background, theres been a lot of flim flam here and the federal government has enabled it so we need a federal solution. Stuart that would be a taxpayer bailout or cant you get the money out of colleges that duped the students as you say . Thats what id like to do a lot of these colleges and universities have expanded dramatically thanks to the huge tuition increases theyve taken. Theyve added lots and lots of staff which they could get rid of and they have lots of buildings and land and so forth, they could mortgage to help enable it. I think that the universities should be called to account for fraud. Now, we cant prosecute them for fraud literally, but i think we could bring tort suits and so forth. I think its time that we do two things. Get the universities to lower their tuitions and get lienor, faster and frankly, make faculty work harder too, and i think that its time that we do something about the students from the past. Going forward, universities should have to have some skin in the game and they should be able to require to put up some of the money being loaned so when the loans dont get paid they get caught. Stuart i find that fascinating, peter because youre right on about that being a political problem for any leader in power. Think about what its doing to these young people. They are delaying marriage, putting off children and not buying homes. Are you surprised that they feel like the capital system has disappointed them . The americans that are most attracted to socialism are young people, that have been victimiz ed by predatory colleges and universities and schools and frankly the u. S. Department of education is enabling all of this nonsense. Stuart we hear you im going to leave it right there. Morici, youre on target. Good stuff. Thank you. Stuart your green news nugget of the day, jet blue could become the first carbonneutral u. S. Airline. What does that mean . Only for domestic flights so what they are doing is theyre becoming carbonneutral. It wont increase airfares, the airline produces around 8 Million Metric Tons of co2 emissions so they are going to invest in projects as well that includes renewable projects like wind farms, investing in solar, youre looking at me skeptical, i hope this is a segment that will interest you and also trying to, you know, prevent i guess farms from being destroyed. Stuart i just want to know what is an offset . An offset . Stuart if youre going to be carbonneutral in your Domestic Airline operation, what do you do to achieve that ash Carbon Neutral . They are going to use Renewable Energy as well, 2540 stuart well have to ask them at some point. How are you going to do this . I just told you. Stuart speaker pelosi, holding on to those articles of impeachment. Well discuss the effort by republicans trying to move to a senate trial, without her. We got it on the list to cover. Secretary of state pompeo speaking about iran momentarily well take you there momentarily what do advisors look for in an etf . I tell clients, etfs can follow an index, but which ones target your goals . Its not about quantity. Its about quality. No trendy stuff. I want etfs backed by research. Is it built for the longterm . My reputation depends on it. Flexshares etfs are designed and managed around investor objectives. So you can advise with confidence. Before investing, consider the Funds Investment objectives, risks, charges and expenses. From finding out whats selling best. To managing your fleet. To collaborating remotely with your teams. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. Stuart we got a big hour coming up for you. First off secretary of state mike pompeo is about to hold a briefing expected of course to be about the iran situation. Whatever he says could move the market. You will hear what he has got to say. First we got reading on two areas. First of all reading on Service Sector of the economy. Have we got that . Ashley we do. Came in at 57. 2. Anything above 50 is expansion. Much better, very healthy number. I have to be honest with you. That is a good sign. The Services Sector showing some nice strength. Stuart factory orders, do we have the number . Not a good number we had ism coming in weakest in 10 years. Stuart ism, that was manufacturing . Susan correct. Stuart not todays Service Sector . Susan in conjunction with the factory orders number down in december. Stuart services good. Factory orders not so good. Look at the dow. We came back a little bit. We were down over 100 points. Then we come back to minus 88 as we speak. Here is the backdrop to the pompeo News Conference about to begin. The pentagon plans to send b52 bombers and more troops to the middle east. The air force a raids f35 lined up, close formation. That is he will grant walk on lefthand side of the screen. That took place at utah yesterday. They eventually took off fully armed. Mass protests in iran and iraq. The crowds calling for revenge for the killing of Qassem Soleimani. Dozens killed in a stampede in tehran. The latest number from the iranian media there, it is over 40 dead in that stampede. The media here, absolutely jampacked full of war talk. Editorial writers taking on President Trump, taking on him personally. He is a bully says the New York Times paul krugman. Bernie sanders says mr. Trump is like putin, assassinating dissidents. Confrontation on all fronts. Trump versus iran. Democrats versus trump. As we said moments from now, secretary of state mike pompeo forming a statement on iran. We will take you there, take you to that podium when he begins to speak. We have coverage in advance for you. We have with us van hipp. Are we there . Van hipp, let me see you there. Van, youre a military kind of guy. American Defense International chair. That is who you are. I was intrigued at that elephant walk with all those f35 as taking off fully armed, that is sending clear message to the iranians, isnt it . Big time message. Look what President Trump has done last few days to preposition assets in case he has to use them. Dope dont forget the president showed great restraint. After we took out Qassem Soleimani last week, im quoting the president , i took action to stop a war, not start a war. Stuart but the effect is very clear. We v got the power. We have got the clout and president says we will use it . He is keeping heat up. He wants ayatollah, his henchmen who runner ran to feel the heat. This president to this point, stuart, i believe made all the right moves for all the right reasons. Scrapping the deal, everything he has done to this point i believe has been spot on. Stuart stay there, please, van. I will move on to coverage of the market with market watcher jim awad sitting next to me here in new york, waiting for mike pompeo. This is statement. Im making this. In my opinion investors believe iran will not hurt americas economy, and will not raise the price of oil significantly. I think odds are very high that youre right on that. They have to do something to appease their base and to show that theyre not impotent but i think they know that, its a chess game. They dont want to do anything that will provoke the United States in a major way. Also dont forget their goal is to get the United States out of the middle east and by doing something too dramatic they would only increase american presence in the middle east. I think markets, investors are correctly assuming this will come and go and the u. S. Economy will continue as it were. Stuart mike pompeo is speaking. Well listen. Friend of mine i served alongside he passed away this week, leaving lovely wife and family. Want to express my condolences to him. His service was noble as member of congress. We worked together on prolife issues in congress. If you have questions about the middle east and iraq i will certainly take my questions today. I want to offer my condolence to the people of australia for the traffic loss of life and property in the devastating wildfires across the region. Americas thought and prayers are with the victims and families, Emergency Services personnel putting them in harms way. Same goes for dozens of u. S. Firefighting personnel standing side by side with the australian friends fighting flames together. As i was in sydney this past summer we have truly unbreakable alliance. Theyre great friend. Were glad to help aussies in this time of need. Staying in asia, we noted appointment of the new head of the Hong Kong Chinese Central Government liaison office. He expressed hopes that hong kong will return to the quote, right path, end of quote. The right path as i said before is for the Chinese Communist party to honor its commitments made to hong kong in the sino british joint declaration filed at the united nations. The commitment guaranties the territorys independent rule of law and freedoms that the chinese living on the mainland unfortunately do not enjoy. That this will continue to work with hong kong and Chinese Communist officials to protect human right and fundamental freedoms of hong kong and promote hong kong high degree of autonomy. In afghanistan, there is aspect of that conflict that deserves more attention and is Islamic Republic of irans involvement there. Iran refused to join the regional and International Consensus for peace and is in fact today actively working to undermine the Peace Process by continuing it long global effort to support militant groups there. Most people know about irans proxy networks in the arab world but the regime has a relationship with the taliban and related groups such as haqqanis, tora bora, and moolah dadula group. The talibans entanglement in irans dirty work will only harm the afghanistan Peace Process. A couple of items here in the hemisphere. In venezuela i want to thank an congratulate juan guaido as reelection of Venezuela National assembly, a legitimate reelection by quorum of 100 deputies. Maduro regime of campaign arrests intimidation, bribery could not derail venezuelan democracy or use its military forces to block the National Assembly from accessing the parliament building. Im proud of how the Political Parties came together to support guaidos reelection. We will continue to support the guaido and recognize venezuela people. We support the venezuelan people because we believe the western hemisphere should be a hemisphere with freedom everywhere. I also want to highlight the work of the oas which has been an instrumental tool in moving the region in that direction. It is example of truly outstanding effective multilateralism. Secretarygeneral is the leader we need for the oas to continue protect tiffly addressing challenges in the region, upholding democracy, upholding human rates and fostering economic developments. I have more to say about the oas and upcoming form in the few weeks. I want to commend representativr their statement where they expressed deep concern and inhumane conditions where Uyghur Muslims in china are experiencing. The Chinese Communist party has been committing mass Human Rights Violations against wee gurs, cast sacks and other muslims held in detention. The arab league to deannounce the chinese economist part brutal treatment of uyghurs. Moving to europe. The Prime Minister i will welcome him at the white house alongside President Trump. I also want to announce that our undersecretary for Political Affairs david hale will travel to brussels. Well have conversations with 28 european counterparts this is recounter meeting that happens every six months. This particular gather something important because it immediately precedes foreign ministerial on iran and has been scheduled. Shows close cooperation with our European Partners on issues of mutual concern. Im sure while david is there the issue of iran and iraq will feature problem menially in their conversations and they will have the opportunity to talk about syria, north korea and china as well. Finally one more personnel matter. I want to thank ambassador john bass who i am come to know in time of service as director of the Central Intelligence agency and secretary of state. His go year service in kabul was remarkable. That is one of the most important missions. Ambassador bass is respective thinker, a man of incredible integrity. He helped the country move forward to brighter, peaceful future for afghan people. I want to welcome new 11 ambassadors and two ambassadors at large confirmed since the end of november, including ambassador sullivan who will head to russia not too long. Were glad theyre getting out to the field and hope to have a few more follow them out there. Happy to take a few questions. Matt. Happy new year, mr. Secretary. Hello matt. Along with the new year i have 2020 questions to ask you, i will pare them down for the sake of brevity. There continues to be questions about the nature of intelligence that led to the strike that killed general soleimani. Can you be a at all more specific how imminent this was, what exactly it was . Secondly why not allow foreign minister zarif to come to the u. N. To speak to the Security Council . Lastly, the situation in iran, contributed at all to your decision not to run for the senate in kansas. Thanks. Thank you. Last one is easy. I said the same thing yesterday that i said for months. No real news there. I said im going to save as secretary of state as long as President Trump shall have me. So, no. You can accuse me of being inconsistent but not on that one. Second, you know, we dont comment on visa matters. Those traveling to here to the United States on visas. I cant add much more to the issue of foreign minister zarif travel to the United States. I will say only this. We will always comply with the obligations unu. N. Requirements and headquarters agreement and we will do so in it particular instance and more broadly every day. Finally there has been much made about this question of intelligence and imminence. I answered it multiple times on sunday. Im happy to walk through it again. Anytime a president makes a decision of this magnitude there are multiple pieces of information, that come before us. We presented that to him in all the broad detail. Gave hem the best detail from the intelligence community. From those that have teams in the field. We evaluated relevant risks and opportunity we thought might present itself at some point. We could see clearly not only had soleimani done all of the things we recounted, right . Hundreds of thousands of massacred in syria, enormous destruction of countries like lebanon and iraq where they denied them sovereignty and iranians really denied people in the two countries what it is they want. Sovereignty, independence and freedom. This is all soleimanis handiwork. We watched continuing of the Terror Campaign in the region. We know what happened at end of last year in december, ultimately to the death of an american, if you look for imminence, you need no further than look to days led up for the strike taken against soleimani. You in addition to that have we could clearly see continuing efforts on behalf of this terrorist to buildout a network of Campaign Activities that were going to lead potentially to the death of many more americans. So right decision, we got it right. The department of defense did excellent work and the president had a entirely legal, appropriate and a basis as well as a decision that fit perfectly within our strategy and how to counter threat of malign activity of iran more broadly. Kira. Thank you. Mr. Secretary. Yes, maam. Two questions if you dont mind. Irans Foreign Affairs minister zarif granted in an interview saying sole sole was soleimani was on a diplomatic visit to iraq. That the u. S. Strike was state terrorism. That President Trump is prepared to commit war crimes and iranians are enraged. The first question i would like reaction to that. He is question, President Trump indicated irans cultural sites could be targeted. Is that true . Are they on the target list . If so do you consider that a war crime . So, zarifs statement, his first statement that soleimani was traveling to baghdad on a Diplomatic Mission, anybody here believe that . Is there any history that would indicate it was remotely possible that this kind, gentleman this, diplomat of great order, Qassem Soleimani had traveled to baghdad for the idea of conducting a Peace Mission . Made you reporters laugh this morning. That is fantastic. We know that wasnt true. We not only know the history we know in that moment that is not true. Zarif is a propogandist in the first order. Most of what you suggested in his text message or email or message that you laid out there was iranian propaganda. This is not new. We heard the same lies before. It is fundamentally false. He was not there on a Diplomatic Mission to resolve a problem. There is story that he was there representing a saudi peace deal. I spoke to my saudi counterparts. I will leave it to them the contents of may be. I assure you they that he was not to for some agreement that would reduce or reduce risk of lives of americans when he was on trip. Your last piece about cultural sites. I said on sunday. Reiterate it again, every target being reviewed, every effort always made will be conducted inside of the International Laws of war. I seen it. I worked on this project. Im very confident of that. Thank you. Yes, sir. It is an Election Year and youre now facing two nuclearrelated crises in, with iran and are you optimistic about solving either of those without blowing up so to speak and inopportune moments. Iran front, breakout time, when you came into office considered about a year. Is it now longer or shorter . I will leave it to the Intelligence Team to talk to but the details of irans breakout time for the moment but President Trump could not be more clear. On our watch iran will not get a Nuclear Weapon. As we came into office, iran was on a pathway that provided by the nuclear deal which clearly gave emthis opportunity to have those Nuclear Weapons. We wont let that happen. As for the first question which was more broadly, what President Trump laid out in his National Security strategy with respect to both north korea and iran is the plan we executed. The strategy we executed for this past three years. We have put iran in a place it has never been before where they had to make some very difficult choices, choices how to pay for and underwrite their proxy militias around the region. Whether and how to buildout the missile program. This is a flip from eight years before. It is not political. Previous Administration Made a different choice. They chose to underwrite and appease. We chosen to confront and contain. Those are different strategies. We believe ours is successful and we ultimately believe it will be successful making iran behave like a normal nation. Deny the capacity to buildout the nuclear program, not only threaten americans and our lives to keep americans safe which is your mission set, to enhance capabilities throughout the middle east that is the case. North korea you asked about, we are still hopeful we will be able to head down a path. I was hear with you all in december sometime when there was lots of talk what might happen at end of the year. Were not seeing that yet. We still remain engaged and hopeful we could have a conversation about how to get the denuclearization that president kim promised to President Trump in 2018. Take one more. James. Thank you very much, mr. Secretary. Two quick things on the soleimani strike. Since the Trump Administration withdrew the United States from the Iran Nuclear Deal about two years ago or so, the Trump Administration has said repeatedly it is pursuing against iran a maximum Pressure Campaign. First question, the soleimani operation, was that part of the maximum Pressure Campaign . Do you have a second one . Well come back to it. Ask them both i will tackle them both. To your knowledge was any Legal Counsel in the executive branch consulted for his or her input surrounding legal aspects of the strike prior to its execution . I will leave to others to comment on that but i can say as pattern and practice i have never seen this administration engage in activity of this nature without a thorough and complete legal review of what the bases would be if the president were to take a series of decisions. Often lawyers review all the options being presented to the president of the United States in advance of them being presented such that every option that is presented to him has been fully vetted through the legal process. Im confident that was case here although i dont have specific knowledge of that. Im confident that was, that was the case. Second, you asked about the scope of the strategy and the maximum Pressure Campaign that weve had in place. It has a diplomatic component, it has had a economic component and it has had a military component and what you have seen over the course of these past, may 2018 when we withdrew from the Iran Nuclear Deal, you have seen us execute that enormous vigor and energy. Youve seen it diplomatically. We built out coalitions with israelis and gulf states. On missile file and terror file with your European Partners as well. Not just e3. Look at may last year. Look at the statement made in warsaw. A united statement centering the instability in the middle east on the Islamic Republic of iran. Coalition now in straits of hormuz, diplomatically isolated the iranian regime. Second economically weve all seen the sanctions put in place. It is over some thousand sanctions. We watch the regime figure how the how to make it through 2020. They have a budget fall short of a significant amount in 2020 is direct result of pressure we put on the regime. You saw not just over the last week but the last year youve seen our security component to this. Youve seen us reinforce allies in the region insuring emirates and saudis all others were prepared for what might happen if iran sided to make choices bad for the iranian people. You saw more tactically, just these last few days, the president s response when the iranians made a bad cities to kill an american. We hope they wont make another bad decision like that one. Let me be clear, the soleimani strike was part of the administrations maximum Pressure Campaign and Going Forward the iranians should should understand as they develop their calculus, similar actions such as the soleimani strike could well continue to be a feature of this maximum Pressure Campaign . I think president has been unambiguous in his both remarks he made down in florida as well as the tweets you put out about the seriousness which we take this. The risk attendant we are deeply aware of and the preparations we made to prevent those risks as well as our determination, in the event that the iranians make another bad choice the president will respond in the way he did last week which was decisive, serious and messaged iran about the constraints that were going to place on that regime so that it doesnt continue to put american lives at risk. In the end our iran policy is about protecting and defending the homeland, securing american lives. I know that the efforts that we have taken not only last week with the strike against soleimani but strategy weve employed has saved american lives. Im highly cost of that. Take one more. Andrea, yes, maam. How are you. Thank you very much. A question about the issue of cultural sites because the president said on air force one coming back after you had you had been on the sunday talk shows, theyre allowed to kill our people, allowed to torture and maim our people, theyre allowed to use roadside bombs and blow up our people, were not allowed to touch their cultural sites . It does not work that way. Secretary esper made it clear would not order a to hit a cultural site, would be a war crime. Would you also push back in your advice in your role. Youre not really wondering, andrea. Youre not really wondering. I was unambiguous on sunday. It is completely consistent with what the president said. The we will take every action we take will be consistent with the International Rule of law and, the American People can rest assured that is the case. Let me tell you who has done damage to the persian culture. It is not the United States of america. It is ayatollah. If you want to look who has denied religious freedom, if you want to know who has denied the persian culture riched in steep and history and intellect and they denied the capacity for that culture to continue. Look at holidays around cyrus, they have not permitted people to celebrate. They have not allowed people they killed, that Qassem Soleimani killed, they have not been allowed to mourn family members. The real risk to persian culture does not come from the United States of america. That is the, there is no mistake about that. Thank you all. Everybody have a good day. [shouting questions] stuart secretary of state answering questions from the media directly about the iran, killing of Qassem Soleimani. Here is the point that i made. Mr. Pompeo was asked was soleimani on a Diplomatic Mission as some have suggested . He laughed at that and challenged his audience, said, does anybody believe he was on a Diplomatic Mission. He turned it into a joke, laughed at it. Secondly he was asked, were legal experts consulted in advance of the killing . He responded, there is always a thorough and complete legal review of all operations. He was asked, he stated very clearly, we expect to be successful and make iran behave in, as a responsible nation. He expects success at the end of this long process with iran. Finally, he was suggested, made it clear statement, if iran continues to make bad choices, the president will continue to respond as he has. Pretty clean cut i would say. We have Experts Joining us now to take us through this. First of all, my colleague here, jim awad. Yeah. Stuart i dont think he said anything which moved market. We stated down 80 or 90 point . No there was nothing new of that. It was articulate presentation of the administration case. Let me give you the bottom line. The market hates uncertainty will be hampered somewhat until we figure out what the iranian response is, when they close the books on 2020, the movement of the market will be dependent on the economy, not this iran situation. Stuart got it. The market has not in fact moved at all. Were down 98 points. Jim, thank you very much. Pleasure. Stuart van hipp, on the military side of things, did secretary of state pompeo say anything that changed the military calculation here . Not at all. Keeps the iranians guessing. I got to tell you, this country, you saw what he did, how he handled it. Were fortunate to have secretary of state and breadth and depth of mike pompeo at this time. I for one am glad he is not running for senate in the kansas. This is the most foreign complicated landscape in my lifetime. Thank god we have someone like mike pompeo in there at this time. Stuart van hipp, we appreciate it. Next on, kelly sadler on the republican side of things. Kelly, thanks for joining us this morning. I know you heard what mike pompeo had to say. The president and pompeo are being accused of warmongering essentially. What do you make of pompeos response, his tone . What do you make of it . I thought he was very clear and what he clearly stated the previous administrations strategy towards iran was to underwrite and appease whereas this administrations policy towards iran is to confront and contain. That is it. And that is what a lot of these washington pundits seem to be missing. We are, we have a goal of peace through strength and that weakness is provocation and we saw that in the last administration, sending them pallets of cash, lifting sanctions. Basically underwriting terrorism within the middle east. This administration has been very clear, and this president has been very reserved in his actions. He has throttled them with sanctions but said, clearly stated, do not come after u. S. Personnel or u. S. Installations. What did they do . They did and they killed a u. S. Contractor. So the president s reaction was very consistent it, was very reciprocal. He did what he said he was going to do, he means what he said. He has been clear throughout, this confrontation with iran. Stuart got it. Kelly sadler and all. Thanks for joining us on most important day. Appreciate it. Thank you very much. Check the big board. 10 30 eastern, during the pompeo press conference the dow was down 70 or 80 points. As soon as it was over we dropped down minus 100 points. I wouldnt say that is a major Market Impact by any means. I dont think mr. Pompeo say anything which really moved the market. But as of right now, were down 100. Couple of individual stocks worth mentioning looking at today, especially tesla. New alltime high. Earlier this morning hit 460 a share. 458. 08 right now. In a moment you will see elon musk dancing. There he goes. That was at the shanghai factory after his chinesemade tesla made their first appearance. I think the man is entirely justified in dancing. What he pulled off was really something remarkable. Ashley go for it. Stuart bring in ryan battle, seen core fellow at Drucker School of management. That is important. Ryan, how would you judge from management standpoint, elon musk . I frankly take my hat off to the guy. What he has done in my opinion was remarkable. What say you . He is dancing to the bank as you can see right now in china. What he has done, he has taken, he has taken this idea that, wasnt even fathomable. He said mentioned multiple times that cannot even work. You and i will have to dance next time in the studio. Management strategy perspective. He has changed this thing global. He saw opportune in the u. S. Market. He has taken this is a huge day for tesla. This is something that he has been wanting to do. Now the chinese market, his visit there is so important for that market because it builds what tesla wants to do in that brand, to be able to build their brand. Made in china is what the rhetoric theyre using for tesla. He strategically made the product which was a car in essence initially, to batter powered where everyones global product. Pretty impressive what he has done. This is a need. He needed this to launch well for the shareholders and potential for tesla. Stuart right. Stay there for a moment, please. I want to deal with another tech issue, a tech theme i should say i want to bring in our own liz claman at Consumer Electronics show in vegas. Liz, why is impossible foods at the Consumer Electronics show . Liz huge question. Why there would be a food company at this show . They are the very first, stuart, to have the coveted spot of a food company here where there are 4500 different exhibitors, all technology, consumer. Viva las vegas. This is the Worlds Largest consumer show here at ces. Impossible foods was granted the space the first time last year. This is where they chose to unavailable the impossible burger 2. 0. They were handing out, i would say 12,000 of them. As we go under the arch here, you ask yourself why did they want to get in front of this audience . Because they consider themselves, i know were getting into strange wework territory claiming theyre a technology company, they are the melding of science and nature. We have a fox business big interview at 3 00 p. M. Eastern with pat brown. He is such a fascinating guy, stuart. He is pediatrician, biochem it, md at stanford. He said i want to solve the issue of making something that taste like meat, using exact molecules that make meat so yummy but making it plant based. Their coming back year two, with impossible pork sliders. We got him. This will be fascinating. Among everything else, with very foldable laptops. Foldable phones. 8ktvs and so far. Flying cars of wheel show that to you with cavuto coast to coast. Stuart tell me real fast, tell me about the raiders new stadium in las vegas. Youre going there, arent you . We already went. We are the First Television crew outside of Roger Goodell of the nfl who was able to tour this right on site. It is at the opposite end of the las vegas strip. It is arguably the Biggest Technology story of 2020. It is called allegiant stadium. The oaklandl. A. , now Las Vegas Raiders will play there. Sort of the ghost of al davis and son mark davis will bring it here. It will be the most connected stadium on planet earth. They now told me, i thought this was so interesting, stuart. They look at social media, connective experience of games, just another utility, like water, gas and heat. If you dont have that, youre not really giving people what they want in this day and age. At 3 00 p. M. Eastern, we will give you the full tour with pat easier Cox Communications who is wiring it the whole way through. Stuart thanks very much, liz. Well see you later. I will repeat this, 3 00 p. M. Eastern on the fox business network, more from the consumer electronic show, including beyond meat pork sliders. Cant wait. Thank you very much, liz. Well see you later. Ryan patel, come back in again please. Samsung unveiled a robotlike ball that comes with a camera, rolls around the home, called ballie. Looks like a softball. Do you know anything about this . Can you tell us what this thing is for . Yeah. I mean, if you think about star wars, the droid, it is pretty much, it will talk to the rest of actual Consumer Products inside of the house smart home. It can video watch you exercising. It picks up trash at same time. Has a camera, different angles. It is new edge of what, if you think about the robot of cleaning your home, this is kind of an upgrade of that, to be interconnected to all the smart home devices. Mind you it is. Stuart im not a technology kind of guy. A ball rolling around recording what im doing doesnt make it for me. Ryan hold on a second, Something Else in the Technology Field im dying to try to understand. That is, alexa coming to your car, and paying for gas. Do it again. Susan im dying trying to explain this to you. Stuart keep trying. Susan its hard. Its hard. Alexa, do you know what alexa speakers are . Stuart i do. Susan alexa controls experiences are . Stuart yes. Susan future focusing on the car and in the home now. F150 pickup in the future, if you stop off at a gas station for instance to fill up the gas tank instead of paying with the credit card, you hop back into the car, alexa pay for gas. You have to do it for you. Stuart i dont have to get out of the car . Susan you have to get out of the car. Ashley pump it for you . Susan go to Valet Service . Regardless, you maybe get fire tv entertainment visuals and video as well. Stuart in new jersey you cannot pump your own gas, only state in the nation you cant pump your own gas. I digress clearly here. Ryan, what is this about alexa in the shower . Are you kidding me . What . No, youre going to love this. I know youre going to love this you get up so early in the morning. I heard your work ethic. You get up in the shower, you play miracles, im a love machine in the morning. Get your body going. You will be there. I dont need those images. Stuart no you dont. Alexa from a Technology Perspective its progress shun. If you ask me three years ago what i talk to alexa about the weather my phone does that already. Were being grained into the new Technology World were expecting that. It seems like kohler they are integrating this. This is innovation perspective. For alexas feels you need to talk to alexa in the shower, car, gas station. I know you use shower version of it. This is pretty good upgrade. Stuart you know nothing of the sort, ryan patel. Your time is up. Thanks for joining you. It is interesting stuff. Ryan patel, everyone. Still on amazon, now we talk about ring, doorbell ring device. It is getting a lot of attention because of hacks. First of all, do you remember this . Who is that . Im your best friend. Im santa claus. Mommy im santa claus. Dont you want to be my best friend . Stuart that is just rotten video. A 8yearold girl. Somebody hacked into the camera in her board bedroom. That is just aweful. Hillary vaughn, how to protect your home from hackers. What have you got, hillary . Reporter we talked to a security expert shows us firsthand how that ring camera was actually hacked into, and walked us through step by step. It only took five minutes. What we get then is something that looks like this. So we started running all of the different tools. You can see we found all of the open, exposed cameras. We found a working ring account. So what we do now, we copy and paste those credentials back into the ring site. What you will see, well be able to access an account that was under our control but this is actually how it happens. We put the user name in. Now we put the password in. What you will see, now we have success there is not two factor authentication on there. I take same user name and password, put it into my app. That is how the hackers were able to open up the ring camera. Reporter stuart the best way to protect yourself, change your password if youre notified that your information has been part of a data breach, because that is how these hackers get this information. They run those emails and passwords that they purchase through a program. Then it tells them which one will give them access to cameras. Stuart. Stuart password, password, password, i tell you. In that case that is worth it. That you have to do. Hillary vaughn, thanks for joining us. See you soon. Put the stock on the screen please. Moved up to 9. 20. I actually believe their sales went down last year, 2019. One dealer who got orders for 40 of the new mustang, i dont mark mark mach e. Is that susan new mustang. Stuart not made too much impression on stock but im sure the dealer was happy. Gm, posted biggest sales decline in china. They were down, i got the numbers somewhere, they were down susan double digits. Stuart double digits percentage terms. General motors bumbling around 35 a share. Recreational marijuanaing illegal in illinois. Started january the 1st. Shops already running out of supplies. Huge numbers on demand. Well tell them to you in the next hour. Mike bloomberg yet to set foot on democrat debate stage but rising in the polls. We have a bloomberg pollster with us, next. Oh, your mom just texted. Shes landed. And shes on her way to our house. What. I thought she was coming next weekend. I got it. Alexa. Start the coffee. Set the temperature to 72. Start roomba. We got this. Dont look. What . Dont look. Lets move. Mom. The lexus es, eagerly prepared for the unexpected. Lease the 2020 es 350 for 389 a month for 36 months. Experience amazing at your lexus dealer. Were cooking with mom. She always said, food is love, so when she moved in with us, a new kitchen became part of our financial plan. I want to make the most of every meal we have together. At Northwestern Mutual, our version of Financial Planning helps you live your dreams today. Find a Northwestern Mutual advisor at nm dot com. Stuart dow industrials down 87 points. No real reaction to what secretary of state pompeo had to say about iran earlier today. He did not move the market. Lets get to domestic politics. Were less than a month away from the iowa politics. Mike bloomberg is not worried about that at all. He hired, reported 500 staffers in 30 states. He is moving up in the polls. Look who is here. Doug schoen, who is bloomberg pollster. You are employed by the man. I am indeed. Stuart are you doing polls for him . On a regular basis. Stuart what is the strategy here . He will not be in the caucuses or in New Hampshire. What is the strategy . The strategy is, looks like it could well work out, the first four caucuses will be divided. Bernie sanders has a lead in iowa. He is tied in New Hampshire. Bidens ahead in nevada and South Carolina. So if we get a split result as we might, super tuesday were 40 of the tell gates are selected as delegates are selected as 4 in the first four contests could give Mike Bloomberg the opening he is looking for. Stuart he is going to super tuesday. Absolutely. Stuart that is the whole ball of wax. A whole ball of wax. Stuart bombshell exploding on super sues, and he spent 166 million so far. It is expensive to buy media time in this country. He is getting himself known. So yes. Stuart he is abeing adieused of buying the nomination. He has to get known. Every penny he is spending himself. No special interests. He is doing what he thinks is right with his money trying to promote political change. Stuart is he buying delegates at the convention . That is a criminal offense. Mike bloomberg is a very honest man. Stuart will he use his money to influence the tell delegates. You can twist arms with money. I worked for him 22 years. I have never seen him use resources other than by the book. Stuart sure. He is not a wheeler dealer politician. Stuart im not implying that at all. He will make the case he is the best candidate to beat donald trump. You said it yourself last time we were here. Stuart the convention starts. Delegates are ever which way, totally split. Right. Stuart Mike Bloomberg a billionaire says to a few delegates, your big issue is guns. Here is Million Dollars for your campaign in your home state. How about me for the nomination . I think it is more likely stuart that is how it works. He will spend a billion dollars on the the campaign. He will spend money on groups that support him on their issues. Not personally, not quid pro quos. And just issue, and likeminded people. He gets to independents and republicans where most democrats dont. That is what you said last time here. Stuart you happy to see judge judy on board . Terrific. Stuart she has 10 Million Viewers a day. Great endorsement. Stuart what do you say to this, here is my opinion. Sure. Stuart make of it what he will. I think he gets the nomination for the democrats but i think he loses hands down to donald trump. If he gets the nomination. He is a unique candidate. Has a different appeal. Unlimited resources he can bring to bear in the swing states, key six states. I think it will be a very close election either way, stuart. But bottom line, Mike Bloomberg is in this to win. Anyone who counts him out, im glad you dont, would be making a bad mistake. Stuart i would not count him out. We agree on that. Stuart i never met him. Get him on the show. Stuart doug, thanks for joining us. Thanks for having me. Stuart sure thing. There is an arrest warrant out issued by japanese prosecutors for the wife of carlos ghosn. Her name is carol ghosn. What is the story. Susan she is being accused of perjury and lying about a meeting in japan. She is american passport holder. America and u. S. , japan have extradition treaty. Unlikely she goes back to japan to face this. Details are looking out about ghosns escape from japan. He took a taxi, a bullet train to osaka, a private jet, then a jet to beirut. Costing 20 million, according to financial times. British former Army Personnel were part of a escape team that helped him flee japan. Stuart financial times, right there, front page. 20 million bucks to get him out. Susan right. Stuart that is included foregone bail and expenses. Susan private jets cost 350,000 one way. Wall street journal also allegedly having a photo of the box that he escaped in, that held the double bass. Instead of the bass it held ghosn instead. Ashley who plays him in the movie . Stuart good question. A lot of interesting stories coming our way. We have this one too, news from pope francis, telling catholics to reject the god of money. Jonathan morris, he is our moral compass. He joins us next. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Everything your trip needs, for everyone you love. Expedia. For everyone you love. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Stuart go nowhere market thus far. Were down 60. Been that way for some time. Finlands new Prime Minister is pushing for better worklife balance. Hold on, i have a question, ash. Ashley yes . Stuart how many days of work a week and how many hours of work . Ashley four days a week, just section hours a day, just 24 hours for the week. I kind of like where she is headed for this, to be honest with you. This is finnish workers across the board. This is researched extensively, the Prime Minister of finland, 34yearold sara marin. People detough to spend more time with family, hobbies. It is life work family. Stuart not Everyone Wants to spend more time. Ashley that is true. The divorce rate could go up. Stuart pope francis said, people should reject the god of money. Thats his words. He also said to reject consumerism, pleasure and success. Im not quite sure i get this. But come on in, jonathan morris, now a Fox News Contributor and a former catholic priest. Thank you. Stuart reject consumerism and reject success. I cant believe he said that. He didnt make it up, in the bible, love of money, is root of all evil. Stuart the quote, is, for the love of money which is source of all many forms of evil. That is the british translation. Stuart is it correct, translation, but i shall move on from there. Money is not the root of all evil. Love of money according to the scripture. That is very important distinction. Stuart love of money is source of many forms of evil. Can we agree on this. Yes. Stuart from a relidge religious perspective what is your response, our response be to iran, having knocked off their guy, their general, what should our response be to them . Thinkers, philosophers, theologians and politicians have discussed the just war doctrine or theory. It goes back to the chinese, egyptians, every Single Society looked, when is the right time to use force . And a lot of the democratic contenders right now for president , for the presidency have been using some of those terms as well, like, did the president have authority . Of course he had the authority. Was it an imminent threat . Not only was it imminent, but this guy had already been doing it, was consistently doing it for all these years. I dont think thats the issue. This was bad reasoning on the part of some of these candidates. The bigger issue, this is one of the elements of the just war theories that have developed over the centuries, is, is there good possibility for success . Right, so when you use force in order to stop evil, and this obviously was evil, it had to be stopped but what are the prospects for success . The only person who is in a place to know that, has to make the decision is the president. I dont think anybody is a very good predictor what is, when they are going to be successful in the middle east or iran specifically. Stuart morally he did the right thing . Morally he had the responsibility, and he was the only one with the responsibility and the obligation to make that choice. Stuart i hope youre enjoying life in civilian world. You look very welldressed. I have to say. Jonathan morris, thank you for joining us. Appreciate is, stuart. Stuart President Trump heading to ohio for a rally later this week. He won that state big time in 2016. Is he worried about the battleground state . Or just getting a head start of the Democrat Field. Lawrence jones has commentary on the president going to ohio. Coming up, a market watcher who is predicting a trump win in 2020. Dont miss it. Third hour of varney coming right up for you. Dit card debt into one monthly payment. And get your Interest Rate right so you can save big. Get a nofee personal loan up to 100k. 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Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk stuart hour three almost under way. Here we go. What a day its been so far. Last hour, we heard from secretary of state mike pompeo. He was really talking mostly about iran. The market had no reaction to what mr. Pompeo had to say. The secretary of state did say unequivocally quote, iran will not get a Nuclear Weapon on our watch. Now, heres what he had to say when he was asked whether suleimani, the man we took out, was actually on a Diplomatic Mission in baghdad. His response was a laugh and a joke. Roll tape. His first statement that suleimani was traveling to baghdad on a Diplomatic Mission, anybody here believe that . Is there any history that would indicate it was remotely possible that this kind gentleman, this diplomat, of great order, qassem suleimani, had traveled to baghdad for the idea of conducting a Peace Mission . I made you reporters laugh this morning. Thats fantastic. We know that wasnt true. Stuart got it. Now, the secretary of state obviously standing by his decision to strike suleimani, saying it was perfectly within the legal bounds, which they always watch for. The price of oil, down today, down to 62 a barrel. So the reaction on the oil market to the suleimani taking out, negligible. We went from 58, 59 to 62 a barrel. Hardly a pop. Market watcher ron carson with us right now. Let me get to the stock market here, because you say, i believe, that the effect of iran, the iran effect is minimal so do we say that this market just wants to go up . Well, thats definitely the path of least resistance, stuart. One of the things we need to have, though, we had an ism number out this morning that was stronger than expected. Wage growth is accelerating from 2. 5 to 3 but we virtually had no Earnings Growth in 2019 so we went from 17 times earnings to 21 times earnings but things settling down with china and some certainty around brexit, i think we are going to have confidence back into the market. But yeah, just because the markets made new highs, i dont think you should sell. Historically the markets have actually posted about a 9 annualized gain the month following a new high. So a high is not stuart i really want to just straighten this out, i want to be real clear here. In your opinion, this market just wants to go up, correct . It wants to go up and it believes the fed is going to be there to support it any time theres any weakness. Stuart hold on for a second because i just want to digress for a moment to talk about trade, because the debate on usmca, the new nafta, is under way in the senate and Edward Lawrence has been watching this. But my question, edward, is what impact will the impeachment move have on the passage of usmca . Reporter this is very interesting. Whats happening right now, the Senate Finance committee is debating the usmca and its likely within the next few minutes, actually, the senate is wrapping this up, there will be a vote to send it to the full senate. There will be an impact because once it goes to the full senate, Senate Majority leader Mitch Mcconnell said that a vote on usmca will not happen until after the impeachment trial happens in the senate. Well, that wont happen until House Speaker nancy pelosi sends the articles of impeachment over to the senate. Now we have a situation again where sort of the House Speaker is sort of holding up this vote on usmca. After today, after it passes this final hurdle. In that hearing today, just incidentally, both senators from senators and democrats and republicans are saying that this could be the single most important economic vote the senate takes in all of 2020 and again, as you said, the impeachment could delay that just a little bit. Stuart got it. Edward lawrence in washington, thank you very much. Back to ron carson. You heard all of this. Look, usmca is going to pass at some point. It may be delayed but its going to pass. Phase one of the china deal is going to be signed on january 15th. I dont see that trade is a risk factor for the market at this moment. Do you . Not at all. I think we have been beat to death with the headlines on trade and actually having some certainty around it. You know whats really cool, if capitalism figures a way around it anyway so a lot of things were actually happening behind the scenes to account for the fact we are still going to have tariffs, it is making our trade deficit it was better than expected, that was a major win for President Trump and i just think his policies are actually setting us up to have a good run. One of the things thats not factored in, though, and i think its not talked about enough, is suleimani, taking him out speaks volumes about how good our intelligence is. Remember how long it took us to run down Saddam Hussein in iraq, and all of a sudden we had a Surgical Strike against someone that should have been a lot harder to take out. Stuart in other words, the strike on suleimani could actually long run be a positive for the market, really . Youre nodding your head. I think its going to be i think it will be a big positive. I think it puts everybody that was thinking about causing trouble around the world at pause because they know they cant push trump around and hes serious when it comes to retaliation. I think thats a positive message for potential future stability. I know we are feeling just the opposite of that, but longer term, i think its a major positive. I know i personally was very impressed. Stuart got it. Thanks for joining us this morning. Important day. We appreciate you being here. Thank you very much. Now, lets look at some individual companies here that are in the news and moving. First of all, disney. Disney plus service off to what an extraordinary start. Lauren simonetti here. Wait a minute. That streaming business is two months old lauren not even. Stuart not even. Ive got some Investment Firms putting a value on it of 100 billion . Lauren barclays, 108 billion, to be exact. They look at whats called enterprise value, basically market cap plus debt, and 108 billion for disney is about a third of its overall enterprise value which includes everything its been doing for years, theme parks, movies, streaming just taking off. Put that comparison to netflix which has been streaming for 13 years, Barclays Says disney plus is 69 of the enterprise value of netflix. But heres my issue with all this streaming everything. Where are the profits . They spend so much money on the content, how profitable is that going to be in the end . Hulu, for instance, isnt expected to be profitable until 20232024. Stuart the answer to that is the subscription money that flows in on a very very regular basis. Its like a cash flow thats coming at you as far as the eye can see. Ash and i were sitting here listening to this, blown away by an enterprise value ashley we throw the numbers around all the time but 108 billion. Thats mindboggling. Stuart it is. Its this global marketplace. 20 years ago, 40 years ago, i was just getting into the business, if you talked about the size of the market you were talking about america, the size of the american market. Today, you are talking about a global market. So if facebook can have 2. 5 billion users and disney can have heaven knows how many hundred Million People around the world on its streaming service, its a new ball game. This internet is really something. Ashley you are just figuring that out. Lauren i love our conversations about what to watch. I have never seen so much good content in my life. We talk about it all the time, are you watching this, are you watching this. Theres something for everybody. Stuart know what i was watching . Trotski on netflix. Know who that was . Lauren im supposed to but the answer is no. Stuart i didnt mean to embarrass you. Ashley the founder of trotskiism. Power to the people. Stuart he created largely the russian revolution. Then having created the revolution, he handed power to lenin of all people. Ashley how did that work out . Stuart not well. But i digress. Streaming is in. I like this stuff. Boeing. The wall street journal says they are thinking about raising some money, maybe 5 billion worth of new debt, because the max jet crisis has taken its toll. They are also going to move 3,000 workers who used to work on the max jet, they are transferring them, moving them into other operations. Look at the stock. Its now up nearly seven bucks at 340 a share. Full disclosure, when i sold some microsoft, i put some of the money into boeing. Its up seven bucks today. Check american airlines. They reached a settlement with boeing over the max jet. No impact on the stock, really. That stock is up 27 cents right there. Next, joe biden, here in new york city today. Another round of fundraising. Last time he was here he brought in some recordbreaking cash, 500,000 in a day. How much will a seat cost at his event this time around . We are on it. Later in the hour, we have market watcher bob doll on the show. Hes got his ten predictions for 2020. You guessed it, hes betting on a trump win in november. We will let him make his case. We heard from secretary of state pompeo, made some headlines on iran. I want to know about that lingering cybersecurity threat from them. Senator mike rounds is with us, chair of the Armed Services subcommittee on cybersecurity. Hes on the show. Third hour of Varney Company heating up. Stuart i want to get back to boeing real fast. The stock is moving significantly. Its up 2 , thats 7 higher. I was asking why is that, whats the news, and the answer is word on the street is that Warren Buffett is, as they say, kicking the tires on boeing. Its now up to 341, 2. 25 , up 7. 45 per share. Okay. I bet hes got a tiny thin sliver of boeing. Facebook removing deep fake videos. They will allow some altered content. Lauren oh, boy. Stuart but theyre not removing all deep fake . Lauren no. No. A deep fake is essentially putting ashleys image on your face, then having him say i love tattoos. Thats funny so that deep fake using Artificial Intelligence would be okay. Its parody, satire. But when its spreading misinformation, false information, it would be banned on facebook, obviously, ahead of the 2020 election. Facebook and the other social Media Companies have a lot at stake. Go back to the nancy pelosi slurring speech as if she were drunk video. Thats whats called a shallow fake. It was just slowed down, sped up, it wasnt really manipulated so that would be okay and thats why facebook didnt take it down, but this is another instance of a lopsided strategy. Stuart that would be okay . I remember seeing that video of nancy pelosi. It looked like her speech was slurred and that was because somebody had deliberately edited it in a slightly slowmo fashion. Thats distortion. Facebook allows that . Lauren apparently. Stuart its not using digital switching, its using editing techniques. Lauren simple editing. Ashley still, its an unfair attack on somebody who didnt actually perform like that. Stuart i agree entirely. Lauren what is facebook to do, what should they do. Deep Fake Technology is getting so good it will be impossible sometimes to determine what is real and whats not. Stuart the stock is at 213. Thats facebook. Its been on quite a run these days. Lauren really good 2020. Stuart earlier today, secretary of state pompeo addressed the ongoing tension with iran. He said our Foreign Policy is all about protecting the homeland. Thats one of the things he said. Come in, senator mike rounds, who is with us. You, sir, are on the Senate Subcommittee on cybersecurity. I think thats correct. So mr. Senator, am i right in saying that we can expect a cyberattack from iran, but we can counter attack in a devastating fashion . Can we say that . We can say that we have been preparing for iranian activity in cyberspace for a long time, that we know a number of the different tools that they have been successfully deploying in the middle east in particular, and that we have fixes for a number of them but that does not mean that we can promise everybody that anything they may try, that we are going to be able to counter. We are Getting Better at it but most certainly, they have capabilities in which they can take out computer systems. They like to go after financial services, they like to go after Energy Services and so forth. But we do have, on the other side, not only strong defensive capability, but we have very strong offensive capabilities as well, and iran knows that. We have utilized them in the past. They know that we are not afraid to utilize them if we need to in the future, but once again, this is a case where cyber activity is something that you think you are prepared for, but theres always the opportunity to get better, particularly when it comes to defense, and as long as you get lots of people that are working in lots of different systems, there is always the possibility of human error and if human error allows one of those malware devices to get in, you could have problems. Stuart yes, sir. Forgive me for going back to something you just said, but you did say that we have hit them before. Im intrigued at that. What did we do to them when we hit them in the cyber warfare area . Lets simply say there were certain defensive capabilities that they had that they discovered werent as good as they thought they were. Stuart you are a diplomat. You really are. Would it be true to say that if we wanted to, we could shut them down . I think its fair to say that we have very very strong offensive capabilities. As a matter of fact, we have probably got the best offensive capabilities of anybody in the world. But heres the issue. Even though you have the best of systems, it doesnt mean that the other folks arent Getting Better, and iran is Getting Better. They discovered years ago that we could get in, we could cause real problems with them. There are other things that i think we disclosed publicly in which their ability to actually produce Nuclear Materials was severely limited because of attacks. They learned that back ten years ago. Since that time, though, they have done a lot of work on their offensive capabilities as well. You hear about them through zero clear, other types of software that are discussed today and professionals in the cyber world are aware of what iran tried to do in the past. What they tried to do is get in and wipe out software. They really like working on oil fields and equipment in oil fields. Aramco was the recipient of some of their attacks in which they literally shut down thousands of computer systems. They do have capabilities. But once they use one of those tools, other people figure out a way to put patches in to stop them. So they have to constantly be upgrading their types of Malicious Software as well. One other area that you may want to be aware of that folks out there have got to recognize is that when it comes to social media, iran is very good at manipulating social media. They will use software to get in and manipulate social media on a regular basis. Stuart we are on high alert. Senator mike rounds, thanks for joining us, sir. We really appreciate it. Big day. Thank you. Now, if you have noticed, bottom righthand corner of the screen, the markets come back a bit. Thats largely on the strength of boeing which is a dow stock. Its up eight bucks at the moment. Look at tesla. Thats a new record high. Elon musk is in shanghai for the debut of chinamade cars. Hes celebrating. Hes got every right to celebrate. Ashley he does, literally dancing his way on to the stage in shanghai. Amusing video but as a guest pointed out earlier, hes laughing and dancing all the way to the bank. He also announced, by the way, that production is starting to get under way on the model y which is the suv at that giga factory plant in shanghai or just outside shanghai. All things very positive for elon musk, who we looked at china and said can you really make these deadlines . Well, he did, although it has to be pointed out that there he is, he gets into his dance groove, thought it was a striptease for a minute but hes just taking his jacket off, thank goodness. Stuart he deserves it. Take a victory lap. You deserve it. What he did was astonishing. Thanks, ash. Im going to be talking about joe biden. Hes in new york city today. Couple of big ticket fundraisers. Last time he was here, he took in a half Million Dollars in one night. I want to know how much joe biden is charging for a seat at the table this time around. Well be right back. Listening and observing are Critical Skills for scientists at 3m. One of the products i helped develop was a softer, more secure diaper closure. As a mom, i knew it had to work. There were babies involved. And they werent saying much. I envisioned what its like for babies to have diapers around them. Thats what we do at 3m, we listen to people, even those who dont have a voice. At the end of the day, we are people helping people. Stuart joe biden is in new york city, raising some money, and Deirdre Bolton is here. She is going to tell us how much he charges for a seat at the table. Deirdre the maximum was 2800 which i dont know, in Stuart Varneys world, may be quite reasonable. You could have a seat a little further away from him for 250 or 500, according the a source that i spoke with this morning. But whats interesting to note, joe biden actually has the best fundraising quarter since he announced in the spring that he was running so thats the good news for him. He raised more than 23 million in the last three months of 2019. The bad news for him, he is still behind senator sanders, he is still behind mayor pete and they are all way behind President Trump so President Trump in the last quarter of last year raised 46 million in the same period of time. Stuart do we know how many fundraisers he will give in new york city today . Deirdre not precisely but he is coming back in the summer and that has been leaked so you have some early june dates. That is not to say that wont be back before then. But early june dates. Also, he is accepting super pac money, as everybody heads to iowa on the democratic side and i will just note, mayor pete, senator sanders, senator warren have said they will not court super pac money. Stuart you can actually give as much as you like to a super pac and you can do it anonymously which is quite an attraction for most people. Thank you very much. Next case, we have market guru bob doll on the show. He brought his ten market predictions for 2020. He expects, he predicts a Trump Victory in november. We will certainly let him make his bullish case. Mike bloomberg spending huge amounts Mike Bloomberg has spent 166 million so far and has hired 500 staffers so far. He even got the endorsement of judge judy. Hes already third place in at least one national poll. Lawrence jones on that, next. the sun is risin as the day begins time for reflectin on family and friends and hey, we got somethin just for you sniffing its a cup of your favoriiiite. loud splashing highpitched laughter dang woodchucks with geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Stuart check that market. Youll like what you see. The dow is only down 27 points. Thats largely because boeing has come back from nowhere. The word is that maybe Warren Buffett is kicking the tires, thats the expression thats being used. Pure speculation but its enough to raise boeing 8. 50 per share, 2. 5 , 342 on boeing. It is a dow stock and thats helped the market come back a bit. Our next guest has market predictions for 2020. His name is bob doll. I call him the trillion dollar man because his company manages a trillion dollars. Isnt that right . You got it. Happy new year. Stuart happy new year to you as well. Prediction number one that really intrigued me, trump wins in 2020. Why . Incumbent president s as you know run for reelection and dont have significant Party Challengers or a recession almost always win. Stuart this iran thing is not important . Its important. The market so far is saying its not very important but i think its important, its going to be with us for some time. Its not unlike the china issue. China u. S. Skirmish will continue for years if not decades. Iran, we have been fighting with them with words, hopefully thats as far as it goes, for some time. Its not going to make this election go a different way. Stuart before we get into other predictions, are you of the opinion that iran cannot hurt our economy or significantly raise the price of oil . Well, they can if they do some drastic things. That could hurt our economy. But then their economy will be just devastated by the retaliation. Stuart another prediction, no recession in 2020. Make your case. The number of times people have asked in this last six months especially about a recession is unbelievable. Stuart, as you know, there are no signs of recession. Stuart the media wanted it, bob. They wanted it. Yes, theres a lot of that going around. Credit spreads are tight, inflations not a particular problem. We just dont have the precursors. Housing starts moving up, Capacity Utilization under 80 . Those things dont exist if you are about to have a recession. So it would be out of left field. Stuart what kind of growth rate for americas economy in 2020 . Two plus. Globally, three plus. Those are good numbers. Theyre not going to set records but thats good and strong, especially for how long this Economic Cycle has gone. Longest in history, as you know. Stuart 2 growth in america, 3 worldwide. That implies that the stock markets going to do okay. Yeah, i think its going to be okay. The problem is expectations are so high. We push pe ratios last year up four points, which means a lot of good news has to come just to justify that, and my concern is analysts have expectations on earnings that are a little on the high side. We will have some cost pressures, especially around wages in my view. Unemployment rate, 50year low. We talk to a lot of ceos, they are having trouble finding workers and when they find one its usually because they are working for someone else and they have to hire them away at a higher price. Stuart bob doll, the trillion dollar man, is bullish on the market and the economy for 2020. Sum it up like that . Thats a good way to put it. The economys probably better this year than last, but markets are probably not as good this year as last. Stuart we will take it anyway. We will take it. A plus sign would be a victory. Stuart bob doll, i wont repeat the trillion dollar yeah. Okay, bob, appreciate it. Thank you. President trump later this week heads to ohio and hes going to toledo later this week. Its another keep America Great rally. Remember, please, he won ohio i think it was by eight points back in 2016, roughly that, anyway. But he got only 8 of the africanamerican vote in ohio. Look whos here. Lawrence jones, Fox News Contributor, rising star of all media. Hes with us today. Whats going on . Im just getting excited. I feel it. I feel it. Stuart can President Trump increase his share of the black vote in ohio in 2020 . Hundred percent. He can increase it across the country but you got to put in the work. Right now, there are strategists and consultants out there playing this game of trying to get the black vote. But theyre not targeting the communities the right way. The president has a record of accomplishments when it comes to the economy, when it comes to opportunity zones, criminal justice reform, all great things, but if youre not messaging to the community, if youre not going this rally is great in ohio but you already got those people. You got to pound the pavement. Stuart youre saying you should go directly to the black community . Directly to the people like he did when he was an entertainer and black people loved him, watched his show all the time. Theres 10 to 12 songs, rappers talking about how they wanted to be like donald trump. Donald trump has to take the president hat, put on the entertainer and the builder hat, and i have always said that the president would do himself a great deal if he was to adopt a city. He does building very well, business very well. Teach the community this. Thats how you get them. Focus on the politics of the day stuart you mean adopt a specific city adopt a city, baltimore, chicago, somewhere in ohio, and make it a model for the country. Connect with the people. Tell them they dont need to be on food stamps, they dont need to be on section 8. He wants them to live luxury. He wants them to have the best builders, the best cars, the best schools. Thats how you change a generation. Stuart interesting idea. Maybe the president will take you up on that. He watches this show, you know. Stuart im told. Yes. Good stuff. I want to talk about Mike Bloomberg. He spent, what, 166 million already. Hes hired 500 staffers, 13 states. Hes rising in the polls. Hes third, tied for third in at least one poll that i have seen, and hes got judge judy in his corner. Before we go on, listen to this endorsement from judge judy. To defy Mike Bloomberg as just another rich guy is one of the greatest injustices of this Political Campaign that were in, because Mike Bloomberg is the only one of the candidates who has experience governing and managing and successful, and if hes successful and happened to have made money being successful, that, folks, is the american dream. Stuart i would call that an eloquent endorsement, but i dont think Mike Bloomberg gets the black vote. What say you . He doesnt get the black vote and hes not going to get a lot of votes from people because you cant buy a race. See, heres the difference between him and donald trump. Donald trump went after the people, right. It wasnt about spending all this money. I mean, he did spend thaall tha money with people knocking on doors. He went to the people and hosted big rallies and talked about the issues that mattered to them. He seems a little disconnected and that may get him closer to winning the i think joe biden is still going to be the nominee. It may get him a little closer but when it comes to going toetotoe with donald trump, i dont think he will be able to do that. I still dont think hes going to win the nomination. I think joe biden is their guy. He will be a weak candidate because of hunter biden and he flipflops, hes been in politics ever since he was 30. He doesnt know what he stands for. Thats a problem after you have been in politics that long. The problem with bloomberg is the big problem with most democrats as well. They dont know their message. I think bloomberg is the same thing. Stuart you are fascinating. The idea of taking the message straight to the black community, adopting a city and saying look. I like it when you said what have you got to lose. Remember that . That really rang true. Now go there and tell them what theyre losing right now and how you can benefit them and they can benefit themselves with your policies. Thats how you win. Stuart if we get a president ial tweet adopting your idea of adopting a city you heard it first on Varney Company. Isnt this a toprated business morning show . There you go. Stuart so im told. I dont like to boast. You are a star. Whats your name again . Lawrence jones. Lauren youre invited back. Stuart brother, youre all right. Hey, weve got breaking news from capitol hill. The Senate Finance committee has approved usmca. Thats the new nafta, of course. Its now one step closer to the senate floor. But of course, impeachment is kind of in the way. It will probably delay usmca until weve got impeachment organized, shall we say. Oil, down today despite the tensions with iran. Obviously this is because of Americas Energy independence. Next, senator kevin cramer, north dakota republican, big shale state. The frackers have saved america. Thats my opinion. I will let him take a victory lap. We love good Success Stories on this show. We know people are flocking to low tax states like florida, texas, arizona, tennessee, but how much extra cash are those states taking in because of the exodus . I will give you a hint. Its in the billions. Love that number. Back in a moment. Look, this isnt my first rodeo. And let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation reverse mortgage guide. Eliminate monthly mortgage payments, pay bills, medical costs, and more. 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So you can. Retire better. Stuart long running story on this show, lots of people leaving high tax states and heading some place where they dont have to meet the same tax burden. My question to ashley is, are those states taking in the tax refugees, how much money are they taking in . Ashley tons, stu. Florida, 16 billion in 2018. Arizona, way behind, but you cant sniff at it, 3. 5 billion. Texas coming in at 3. 4 billion. This is all these where are they leaving and how much its hurting the original states. I can tell you. New york lost 9. 6 billion as wealthy individuals and businesses got the heck out because of the high taxes. California lost 8 billion in 2018 alone. New jersey, which you are very familiar with, lost about 3. 1 billion. Connecticut lost about 1 billion. All of these getting the heck out of high taxes, heading south to warmer weather and taxfriendly states. Stuart its not going to stop, either. Ashley i can hear them, i can hear the stampede from here. Stuart the uhauls are firing up. Five years ago, this is my belief, if the iran situation had happened five years ago, our market would have sold off bigtime and gas prices would have gone through the roof but because we are Energy Independent, we have been saved from that fate. North dakota senator kevin cramer is with us. Senator, you are an oil state. I want to give you a victory lap because i think the frackers of north dakota and texas, of course, have bailed out america. I know you are going to agree with that but go on, lay it on thick, why dont you . Im happy to. First of all, all of those people that are leaving california, we need a few in north dakota because we have about 30,000 job openings and all those chevron workers that are leaving iraq stuart senator, hold on, its the weather. You know that. Thats why we layer. Thats why we layer. But the reality is that we are not just Energy Independent anymore, we are energy dominant thanks to donald trump and Republican Leadership in congress. The reality is that every time a void is created, you see a spike whether its the killing of a general or an attack, iranian attack on a saudi oil infrastructure, you see a 2 or 3 spike in the price of brent and you see it come down the next day because we fill the voids. We have become, ever since our ability to export oil, that of course was granted about five years ago when we lifted the oil export ban, and really, the revoluti revolution, renaissance of oil and gas in the United States, our productivity, our efficiency, we are able to fill those voids and have become the global price stabilizer. To your point. I also think, stu, you look at the entire stock market and why its been able to endure all of this, and why our economy is so strong. Its because, you know, the oil and gas industry isnt just pumping and moving. Its a supply chain thats made up of over a million workers in all 50 states. And of course, it costs money to transport goods and services around the world and we again, brought that stability to it. Its an incredible contributor to the world economy. Stuart im afraid our time is up but we did want to give you time to make a victory lap and to say congratulations to all those good people in north dakota who bailed out the rest of the world and certainly america. Always appreciate it. Thank you very much. Thank you, my pleasure. Stuart now then, heres a story which i did not understand and im not sure i understand it now. Amazons alexa appearing in your car. Now, lauren, the way it was explained to me was you are driving along, you pull up to the gas station lauren exxon. Stuart exxon, whatever it is, and you say alexa, pay for my gas. Lauren she doesnt pump it. Stuart no. But she pays for it. Lauren so stuart is this such a big deal . Lauren no. No. What it does is start to make us think about talking to our cars and telling our cars to do things for us. So you maybe could save yourself some time if its freezing outside, you dont have to get out of your car to put your credit card in but thats really it. Its the idea of the connected car, talking to your car and the wow factor. Alexa, pay my gas. Stuart i can see how down the road some ways, we will all get used to the alexas of this world, these assistants, computerized assistants. Im just not there yet. Lauren i think down the road, were not driving those cars. Stuart true. Lauren so alexa, pay my gas, alexa, take me to work, im going to sleep in the back. Stuart selfdriving car. Entertain me while somebody else drives the thing. Got it. Thanks, lauren. Lauren sounds good. Stuart i can see that. Hyundai teaming up with uber. Wait. Wait. Wait. The script says they are going to build a line of flying taxis. In which century . Ashley this century. Look, its called the sa1 and it takes off and lands vertically, can carry as many as four passengers. There it is. It can cruise at about 180 miles an hour. For as sffar as 60 miles and th connect to a series of hubs. It will land and the hub is where other uber rides are ready to go. You can go from either the uber car to the uber airport or vice versa. Its interesting. Hyundai is going to be doing all the manufacturing and deploying the taxis. Uber will provide some of the other applications. Look, i would say a number of years away to be diplomatic, but its definitely heading in that direction. You have seen the concept there. Very upscale taxi. Stuart with a very big price tag. Not just for the taxi but to use the thing. Ashley im sure. They havent gotten into that yet. If you can beat the traffic jams in and around new york city and elsewhere, might be worth it. Stuart got that right. Stock check real fast. Check jetblue. They are working to become the first carbonneutral u. S. Airline. Not affecting the stock price which is actually down 12 cents as of now. How about alphabet . Thats googles parent company. They hit an alltime high yesterday. They are up, what, 70 odd cents today. Very close again to 1400 a share. How about apache, a big oil company. They just struck a huge they made a huge discovery of oil off the coast of latin america. Bank of america just raised the price target on that stock to 36 a share. Right now its up six at 31. Thats a rally. Last but not least, beyond meat. Fake meat guys, as you know. You think they would be down on news that impossible foods is coming out with fake pork, but look at the stock again, its up more than 7 as we speak. What a market. Next case, legal pot went on sale in illinois new years day. Businesses couldnt keep up with high demand. Some have stopped selling it. They just cant keep pace. We are on the ground in chicago for that story. We will bring it to you next. chime shaq magenta . 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Make the world you want. Stuart illinois began selling Recreational Marijuana at the start of this new year. Some places have already run out of it, i guess demand is strong. Grady trimble joins us from chicago. Tell us all about it, grady. Reporter stuart, high demand, you could say, no pun intended. If this line at this dispensary looks long to you, this is nothing. Theres actually about a twohour wait, then they bring people over in small groups to go into this store and in the past week alone, the dispensaries across illinois have sold 11 million worth of product, causing some dispensaries to basically run out of recreational weed. And its not that theyre running out of pot entirely. They still have to keep their medical patients supplied with the product that they normally pick up, so those medical patients can skip the line, but its that recreational weed that everybody wants to get their hands on for the novelty of it, so lot of places are having to close down to those customers, and then on top of that, this dispensary didnt have to close down because of that. They closed yesterday because their employees had worked five days straight for 14 hours a day and they just needed a break to kind of reset and get things back going today. So theyve got the long line down the road and again, because weed is illegal federally, they have to supply everything in illinois and so thats causing some of the supply chain issues. So all of the dispensaries are trying to ramp the Product Development up in their different growing facilities across the state so that they can keep up with the demand here. Stuart . Stuart grady trimble, as always, right in the middle of it. What a guy. Thank you, grady. Thank you very much indeed. It occurs to me that youre going to have supply problems if you go legal in a state, but you cant get the marijuana from any other state. Its got to be grown locally. Ashley right. Stuart is that right . I think thats the way it works. Youve got to get it from canada or some other ashley then you have transportation across state line issues. Stuart thats right. Ashley across states that dont allow it. Yeah, its an issue. The black market is still thriving even in states that have legalized it, because of the taxes and everything else, its still cheaper on the black market. Stuart i was wondering if President Trump would say all right, on a national basis, lets legalize it, on a federal basis, lets legalize it. Ashley theres a big call for that because the Banking System will not touch it. Stuart but would that be a plus with voters or a minus . Will it enhance his political position or detract from it . Lauren i think you talk to younger people, they would be very much for that. Stuart okay. More varney after this. Were carvana, the company who invented car vending machines and buying a car 100 online. Now weve created a brand new way for you to sell your car. Whether its a year old or a few years old, we want to buy your car. So go to carvana and enter your license plate, answer a few questions, and our technowizardry calculates your cars value and gives you a real offer in seconds. When youre ready, well come to you, pay you on the spot, and pick up your car. Thats it. So ditch the old way of selling your car, and say hello to the new way at carvana. Stuart well check the market for you because we now have a downside move to the tune of 108 point for the dow industrials. Part of this is because the price of oil is down and that is taking oil majors down. For example, chevron, which is a dow stock is down 2 . Exxon which is a dow stock is down 1. 8 . What you have got is oil market affecting the dow industrials. But i look at that, you see the nasdaq actually on the upside. I do want to check going one more time. That stock is up 6. 50. I will use the speculation that Warren Buffett is kicking tires on boeing, but not to buy the whole company, obviously, but maybe to invest in it, with the stock price at a low. Recently it has been 320 to 330. Maybe buffett is interested in taking a investment. When everyone else is running away. Stuart he is not a tech guy. He is industrials guy usmca passed the Senate Finance committee but will be delayed in the full senate by impeachment. Our time is up. Here is neil cavuto. It is yours. Neil were following up on the president set to brief congressional leaders on the iran situation. This afternoon the socalled gang of eight includes likes of Mitch Mcconnell, chuck schumer, nancy pelosi, kevin mccarthy. Leaders of house and senate in both parties. Secretary of state mike pompeo defending the strike that has been a source of this controversy, saying iran will not get a Nuclear Weapon no matter what. If youre looking for imminence, you need to look no further than the days that led up to the strike taken against soleimani. In addition to that, what we can clearly see continuing efforts on behalf of this terrorist to buildout a network of Campaign Activities that were going to