Well cover it and much more on making money. Charles less than 24 hours the United States and china will sign phase one of their trade deal. The agreement is a big win for President Trump. It is expected to include chinas commitment to buy at least 200 billion in manufacturing, agricultural goods, Energy Products services over next few years. China to end the practice of forcing Foreign Companies to transfer technologies to chinese partners. Also cracking down on chinas currency manipulation and intellectual property theft. Here with more on the deals first step, what comes after, former trump trade jobs advisor curtis ellis. Curtis, were at the moment of truth. Tell the American Public what we are going to get. Were going to get a new deal with china. I like to say the big deal about this deal, charles, is the deal itself. Prior to President Trump coming on the scene, everybody kind of thought that, well we already have a trade deal with china. It is pretty much, pretty much okay. You know. It is part of the furniture. Donald trump has rearranged the furniture. He said that the our trade arrangement with china is very dysfunctional. We have been getting the short end of the stick. Were going to change it. He put tariffs in place, got the chinese to agree to renegotiate the terms of our relationship, the terms of this marriage, which has been a very dysfunctional marriage. So now, as you pointed out, they will buy 200 billion more than they were. Theyre going to end their practice of forcing companies to turn over their trade secrets as a precondition for doing business in china. Most importantly, though, were not taking chinas word for it any longer. There is enforceable, mechanisms in there to make sure they comply. We get to decide whether we comply or not. If theyre not compliance according to our determination, we reimpose tariffs and punish them for not living up to their agreement. Charles what does that punishment look like if indeed we say, you know what . You did it again. You bamboozled us once again. We have to take action. What would it look like . Would look like reimposing tariffs. Make no mistake, china is not happy about the tariffs. About the fact that chinese exports to the United States are down double digits. They are relying on American Consumers to fuel their economy. Their economy is stalling. They are deathly afraid of what 100 million out of work Chinese People would do. They dont want to find out and its a direct result of President Trumps get tough policy towards chinas predatory trade practices, that the chinese economy is slowing down. Charles so the wire is breaking just minutes ago on bloomberg, especially. Theyre saying that china tariffs stay in place until after the u. S. Election. To be quite frank with you, i never heard anything otherwise. I always assumed that was the case. Nevertheless it is breaking news right now. It is being covered breathlessly throughout the financial media. The markets given up a little bit. Fractionally less than onehalf of 1 . What do you make of that because President Trump says he wants to go to beijing soon to begin phase two talks . Were already seeing phase two. The crackdown on huawei. Restrictions on selling american technology, sensitive technologies, satellite technology, things like that to chinese companies. Curbing chinese investments. Rolling up the chinese spies that are crawling all over our labs, our universities and our military bases. Charles curtis, i have to let you go. Im getting a wrap. Bloomberg suggesting that xi got the best of this deal of we know there will be Public Relations thing out. A lot of Business People didnt like it. The media didnt like it. The left didnt like it. They will try to portray as President Trump taken to the cleaners. What do you say with that . We have reset our relationship with china. President trump set the discussion and debate with china. That is a huge win in and of itself. Charles curtis, thank you very much. Always appreciate it. Catch the phase one deal signing live tomorrow right here on fox business in the morning. By the way i will join Stuart Varney at 11 00 a. M. To help break it all down. Stocks lost a little bit of steam that an old report at that tariffs remain in place until after the election. We crossed the 29,000 mark, hitting alltime highs in the dow. The big news is earnings season. It started with a bang. Jpmorgan, citigroup, delta all posting very strong numbers this morning. More evidence it is all about the strength ever the american consumer. Joining me bellpointe chief market strategist, david nelson. Jim awad. Jim, let me start with you, billionly, another breaking news story from bloomberg about something on china trade. Even the algorithms shouldnt listen. They were so wrong about every aspect of this including december 13th when it was so many misreports that it muddied waters just what a great achievement it was. There would be surprise any substance to the negative headline. They will sign tomorrow morning. Trump views it and his team views it as a big win. Very important to the election, selling point in the election. Would be very much of a surprise if there were real negative news less than 24 hours before the signing. Charles david . I would agree. I think like most things in life the truth rarely lives on the extremes. We have big extremes. We have bulls out there that think this is a phase one deal and beginning of a longterm turn in our relationship with china. The bears will pain this as not enough. There is political dynamic to that as well so i get that. There is likely somewhere in the middle. There are good things and bad things. Charles what i find interesting the fact were living daytoday with tariffs on hundreds of billions of dollars worth of goods and all the focus is on the nuances and negotiation as if they werent in place. They are in place. Our economy done pretty well with them in place. We powered through. Certain sectors of the economy have been hurt more than others, for instance the farmers. In general the u. S. Consumer has powered right through and now businesses have a little bit of clarity, that it will not get worse. That is what businesses were afraid of. So business can now spend and plan. Charles i want to switch gears on business and the consumer. I will point out to the audience, a piece out, United States, japan, and the eu target china, World Trade Organization rules changes proposals start late in the year. Theyre pushing the envelope. The point i want to make, david, a lot of naysayers and doubters say you know what . You rally allies, then you go after china. I dont think they had the guts to do it then. With us leading the way, now they can jump on the train or bandwagon . I would agree with that. Naysayers, skeptics of the deal where were they two or three or four years ago . China rolled over three, four, administrations that i can remember. Europe was nowhere to be seen on this. President led the way on this. Obviously things have to happen. It is good to be skeptical. History with china is not all that good. This is certainly a step in the right direction. Anything that pushes away the forced transfer of intellectual property, any step in that direction is move forward. Charles lighthizer knows his thing. I hope he got the best deal possible but he did not go in there for something to be a paper tiger, no pun intended. Lets talk about earnings because the Fourth Quarter everyone expects them to be down year over year but all of sudden, jim, the ramp up is supposed to be amazing. Down. Of a percent, up 6 , up 10 , up 15 over the subsequent quarters. That is mindboggling stuff s the Market Pricing that in . Is that why were up . That is the bull case. You will get reacceleration of the economy based on resolution of the trade issues and fact stimulus given by the fed with three rate cuts will feel its way through the economy. You must have an increase in corporate profits in 2020 for stocks to make any further progress from here. I dont know about that 15 lay out there, five, six, 7 in quarters one and two should allow stocks to go up by that much. Is this beginning of a trade season i take it. This is outstanding start. Great numbers from jpmorgan. The stand out for me, delta up 31 year on year. Every metric is good. When i see estimates tomorrow im quite certain march quarter will go a lot higher. Charles delta main cabin up 4 , business cab pin up 9 , travel related services up 11 , total passenger revenue up 6 . Doesnt sound like recession, does isnt. Charles no, it doesnt. A lot more focus on handful of names dominating. Some of the stocks are up 8 for the year. A lot of Money Managers would sell now and say, catch me later. It is a very tough call. Charles dont go to miami, get perpetual tan, jim. Tough call valuing stocks. The market very clearly wants growth. There are a lot of issues. People are uncertain. They Want Companies with identifiable, Sustainable Growth making money. Those are the stocks that have taken the market up the last 1000 points. Maybe if you do get the reacceleration of the economy, market can broaden out. I think market is show me kind of mode. It will not broaden out until they see forwardlooking guidance verified. I keep pointing out to folks. 200 is regular move in the market now. It is your normal move. 1 move on the dow is 300 points. So dont panic, if you see 2, 300point moves. Actually the new normal. Wellsaid. Especially with the algorithms. Charles exactly. Thank you both very much. Great seeing you. Thank you. Charles the truce between Bernie Sanders and Elizabeth Warren, its over folks. What this means for the final debate before the iowa caucuses. Plus vince vaughn shakes hands with the president at a Football Game and liberals are absolutely losing it. Iranian women are using their people to stand up to the ayatollah and the oppressive regime. Are we on the cusp of a massive revolution. Well be right back. Everything your trip needs, for everyone you love. Expedia. For everyone you love. Oh, your shes landed. Ed. 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. And with the sXfinity Stream app, screen is your big screen. Which is free with your service, you can take a spin through on demand shows, or stream live tv. Download your dvrd shows and movies on the fly. Even record from right where you are. Whether youre travelling around the country or around the house, keep what you watch with you. Download the Xfinity Stream app and watch all the shows you love. Charles the iranian people have had it with their leadership. Protests have grown by the day after iran admitted to shooting down a passenger plane. The women are speaking up now more than ever. Two staterun tv female anchors quit apologizing to the people for telling them lieses. One of the countrys most famous actresses posted on social media, all citizens are captives of the regime. That is not all. Irans only female olympic medalist defected to europe. Are these signs that the end could be near for the Islamic Republic . Joining me to discuss i24 news anchor, michelle cory. Thank you. Charles i am fascinated by all this. I get a lot of stuff sent to me over time, dm, twitter, emails. A lot of, women stand up, lift hijabs for their rights. Seems like theyre leading this possible revolt . Charles, you have to keep in mind that the Iranian Regime has no regard for human rights whatsoever. They have oppressed women for the past 40 years. As you just mentioned, the hijab protests. Iran is one of few countries by lawman date that women wear scarves covering their heads in public. Over the past few years recently women have taken a stand against that. They removed the scarves. The result, arrested and jailed. So it is not surprising that this latest round of protests triggered as you mentioned now, by the Iranian Regime finally admitting it did in fact shoot down the uranium plane, and in fact had 80 iranians on board after they tried to cover up and lie about it. It is not surprising he they are galvanized, calling for change because the call in change is very long time coming. Keep in mind, theyre showing remarkable bravery, because they are protesting in the face of a brutal violence. November, december, protests, over 1500 demonstrators were killed. The regime issued shoot to kill orders against these protesters. So the fact that these women and as you mentioned the state news anchors, the olympic athletes, are speaking out, are defecting, voicing their issues, the fact doing it in the face of a threat of violence is even more remarkable. Another thing that is emboldened them, the fact they finally have a leader in the white house that is vocally on their side, not on the side of the regime. As im sure you discussed previously on the show, the tweet the president sent in farsi, most liked in iranian history, most liked tweet in the iranian language. Charles what do you make of that . There is hands off we dont publicly say we want regime change but there is no doubt bubbling beneath the surface, above the surface resentment towards four decades of oppression. We sort of turned our backs before. Im not sure how much we can do for the iranian people, how far does it go to see the president of the United States, tweeting to the government, dont hurt these folks . Also weve got your back. Charles, i had leaders of the Iranian Protest Movement on my show, i24 news. They say this gesture by president of the United States, we support you, warning the regime against using force is tremendously helpful. Remember this is a position that the administration has taken consistently. It is not the first time that the president has come out vocally in support of the protests. U. S. Secretary of state mike pompeo, he also said, get evidence. Record these things. Put it out there because we support you. In terms of actual decisive action, we dont expect the u. S. To send in troops but this is an opportunity not just for the u. S. But for the rest of the world to come behind these protesters and finally push for muchneeded regime change. But were not getting that. Were not getting that from the u. N. Or the eu. Charles i have got to let you go. It is disappointing right, not just the eu. Indeed. Charles american leaders still questioning killing of soleimani. Where are the champions of womens rights on the left in the United States . We havent heard from congresswoman alexandria ocasiocortez, ilhan omar, rashida tlaib, all these people are so concerned with womens rights and democracy around the world, conspicuously silent this time. Charles michelle, thank you very much. Thank you, charles. Charles at 2 30 i will ask about congressman Michael Mccall sponsoring a resolution to support iranian protest erstwhile democrats at home continue to bash the president s foreign policy. 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Talk, talk charles well apple rejecting claims from the doj that the tech company is not providing, quote, substantive assistance into the investigation into the pensacola shooting last month. The tech company says it turned over all information it has access to, but it refuses to help Law Enforcement access the encrypted devices. This is debate weve seen before between private rights and public safety. Susan li is with me. Reporter that is the debate do you value your privacy or side with apple . Apple said they responded to the requests from the doj promptly in their words. Weve been sharing information with fbi offices in pensacola, jacksonville, and new york. It showed gigabytes of information over to the investigators. This is similar what happened in san bernanadino in 2015 with the tragic shootings there, apple being asked again to hack into an iphone and they say that, look, we have always maintained that there is no such thing as a backdoor. That is just for the good guys. If we open up the doors to the good guys, the bad guys also have an access point into security and privacy as well. And there are a lot of iphones, two billion in the world. Apple says were trying to protect every users privacy and critical information that are stored on your iphones. Theyre asked to run nuclear reactors, they have location data. This is important by way for our security and privacy. Charles do you to a degree think this is copout . Take one phone, into isolated place, perhaps somewhere in their building, maybe go over to the Police Department or wherever they have to go, and just, with a certain team and just unlock this one particular device, share this information. Lets get answers. Who knows what kind of threat could be looming out there. What if more lives are lost . What if another attack on servicemen at another military installation . Boggles the mind to a degree. I understand theyre between a rock and hard place. I understand arguments on both sides, but there has to be middle ground potentially saving american lives. In this particular case in pensacola, theyre older models, iphone 7, iphone 5. If you think about it, eventually in the san bernanadino case, third Party Hackers got into the model. Do you really need apple and expertise to build a backdoor into the ios which affects two billion people around the world to actually get . Charles you think ultimately what happens with Law Enforcement, courts to get involved, set some sort of a precedent on this, in the future when it comes by adult can more advanced phones they dont have to jump through hoops . The Tech Companies are definitely in focus for william barr. Obviously apple is in the pensacola case. Remember we heard from whatsapp and facebook with encryption. William barr says why dont you build a access point to stop protecting the bad guys . This cant be a political conversation but about privacy and our future. Charles it is political, it is about lives, and saving lives, putting bad people in prison. I dont know if you call that political or not. I think it is public safety. Unfortunately were having it again. Susan, thanks very much. House gop introducing a solution to support the protesters in iran. It will put lawmakers on record. One the of the sponsors, Michael Mccaul, what it means for those opposing president s iranian policies. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. 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. By consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right so you can save big. 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We rebounded pretty good. Meanwhile House Minority leader Kevin Mccarthy introducing a resolution throwing u. S. Support behind protesters in iran. The measure would put lawmakers on the record over the revolt against the regime after some on both sides bashed the Trump Administration over the iranian policy. Texas congressman Michael Mccaul is cosponsor of the measure, ranging member of the Foreign Affairs committee. He joins us now. Thanks for taking the time. Charles, thanks for having me. Charles explain to the audience exactly the goal of this, how it will work . It is a resolution, sort of telling the iranian people and the protesters in iran that we support them, the American People have their back, and as the president of the United States pointed out, warn the regime not to kill these protesters, and time and time again they turn the internet off and they kill these protesters. Theyre standing up for freedom, democracy, we have to stand up for that as principle anytime we can. Unfortunately kevin and i tried to get this to have consideration on the floor just an hour ago and democrats shot it down. They would not allow a vote on this resolution. Charles are you surprised, not just at them, not giving you a shot here on the vote on this resolution, but at continued focus on soleimanis death, circumstances behind it . I have lived through what difference does it make with the, with hillary clinton, when it came to the deaths of four americans in the aftermath saying that was no big deal yet this doesnt go away even after the iranian people have shown, have shown their displeasure with this administration, with this regime, have shown that they want true freedom and democracy. Yet, on our side, it feels like half of the folks in d. C. Either dont get it or dont want to get it . It is very discouraging, charles. Ill tell you, when bin laden was killed, we came together, republicans, democrat, as americans. And we applauded that decision and unfortunately, theyre putting partisan politics first in this case. Soleimani is a mastermind of terror for over two decades. The point, the question is, when is enough enough . I was in the white house when the president had to decide how am i going to respond to the uav drone being shot down . The president has shown great restraint not to hit iran, even though they have had strike after strike. Then once they killed an american, and wounded four soldiers. Once they attacked our embassy, you have to ask the question, how Many Americans have to die . How many embassies have to be attacked, before the president should respond . I think he was absolutely correct in his decision. Charles right. Finally the imminent threat has been completely butchered by the democrats. There was an imminent threat. Soleimani was traveling to lebanon, damascus, back to baghdad to meet with the number two guy, to go back to to the ayatollah, to get a green light, to kill americans and diplomats at very, various regions in the middle east. So, if the president had not acted, assume that, that attack did happen what then . What would the critics of the president say at that point. Charles particularly as iran to your point continued to push the envelope, took any sort of, everything that the president did not do as a sign of weakness. And each attack, each act of provocation became more dangerous for the world and america. Quickly though, while democrats may not be listening, maybe our european allies are. Uk, france, germany, triggering a dispute mechanism. Boris johnson reiterating something he said last year. Replace the jcpoa with the trump deal. Obviously seems like maybe europeans are starting to think differently . You know i think that is a bit of a hope i think. You know the fact is think responded with ballistic missiles. There were no casualties. The president offered, showed great constraint again. Now i think he offered this, basically to nato, i want to work with you. Charles right. I want to open up diplomatic channels with you. Remember the airliner iranians shot down killing 200 people. A lot more canadians on board and europeans. So i think there is a window of opportunity to go, diplomacy route which is what the president wants. Told me does not want to start a war. He wants to end wars. He wants to have a better negotiation than the jcpoa. Charles thank you very much, congressman. By the way, happy birthday. Thank you so much. Cant think of a better way to spend it. Charles me either. Thanks for spending time with us and audience. Meanwhile, Bernie Sanders and Elizabeth Warren, the truce . That is over. Issue of gender will be front and center tonight. There is lots of reasons not to have a wedding crashers 2. 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Charles folks tonight the last time the leading democratic president ial candidates share the same stage before voting begins. The faceoff comes 20 days before iowas caucuses and it looks like well, things are about to explode. For the first time Bernie Sanders and Elizabeth Warren sparring with each other, moving issue of gender front and center after sanders denies warrens account during a private meeting in 2018 that a woman could never win the presidency. By the way is bernie ready for the frontrunner treatment . Because he will get it tonight. We have ron christie, Fox News Contributor deroy murdoch. The donnybrook, folks, hear this, identity politics have come back to bite the dems because they will be arguing tonight over women, over blacks, over this, over that. It seems like deroy it could be a good one. I think it could be exciting and who would ever thought you would see sanders and warren in he said she said situation. Women cant win the presidency. Bernie says i never said that. Well have that back and forth. What they wont discuss or avoid at all costs any discussion about the economy. When you talk about the fact, blacks, hispanics, people of asian background are enjoying lowest unemployment ever, wages are going up and that wont get any mention because that only looks good for President Trump. Charles race will come up. Weve seen a lot of fingerpointing. Person bierne wants to chip away at bidens core support of black voters. This guy doesnt deserve it. He didnt do anything for you. Get out the popcorn, charles. They dont have anything to run on issues. What do they try to do, define themselves on ethnicity and gender. Well hear so much of that tonight. The American People will hear a stark contrast with the president s record, what he has done for people of color, all americans. Look at the notion bernie wants to go after biden on race. Really . They dont have anything better to talk about . We all know the answer to that, they dont. Charles talk about this vince vaughn, if you watched the game last night, maybe you didnt have to watch it, if you were on social media you know he is sparking major a backlash from the left after shaking President Trumps hand at the Football Game. Is this proof what america, the framers of the constitution, their Worst Nightmare . Ive been asking this question with some of my favorite guests. I start with you, john. From washington to adams, they were afraid we would be so bitterly divided where a place shaking the president s hand is something bad. If you happen to be famous, vince vaughn, he happened to be at the game, wants to say hello, that is perfectly acceptable. We never heard this when president obama was in office for eight years. He was hanging out with all of hollywood. Only conservatives dealing with the president that is a problem but obama can hang out with any sort of celebrity and no one bats an eye about it. Charles deroy, i think vince vaughn is libertarian. He has got real interesting views, at least expressed them in the past. You know, i dont think it was political for him. It was opportunity to share his thoughts with the president of the United States. No, this is true. The same people screaming and yelling at vince vaughn about this same people say trump is a bully. Cant we have more civil discourse and cant we be nice. Vince vaughn tries to be nice. What a monster. Theyre talking out of both sights of their mouths this is. Shows you what cancer social media is. Few people get out of control. Now it is a big National Debating point. Were talking about it. So what normally would be a few people grumbling turns into a big national nightmare. Charles did the frame force framers foresee Something Like this, run . They did. Look at federalist papers. We didnt want the divisiveness that we had with the crown. The founders want ad create a system of constitution and governance and express your opinions and not beat he over each other. Charles state of the union is coming up, maybe this thing will be forgotten thing, getting popcorn, you better get a lot of it. Looks like a number of senators do not want a motion to dismiss. They want a trial. Lets have a trial. Bring in hunter biden. Joe biden. This woman chalupa involved in election interference with the ukrainians. Meet the whistleblower. Have a good long trial, let them talk. I agree if you start getting witnesses, enough wobbly republicans want to go with the democrats, this could stretch on week after week, keeping senators, democrat senators off the campaign trail. Charles great seeing you. Rare pleasure, you too deroy. Not less after pleasure. Charles two of the best. While democrats debate will not be as woke as promised at the start of the campaign, well examine the powerful impact is having on historically black colleges. The market in record territory at bottom of hour. I will share my chance encounter with a doctors waiting room, highlights pride and ego should not stop you from investing. Here, it all starts with a simple. Hello hi how can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone wifi up there . Uhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your local xfinity store today. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles m gm looking to shake up the sports better industry. Regulators in nevada give a new online betting platform, bet miss mgm. Here to discuss, liz claman. Sports bet something huge. Because the federal law against it was finally oh turned back in 2018, as you know are all bets off literally to dive in here . Charles, you know. Mgm, the resorts and the stock, right . Charles of course. It is so focused jumping in, getting partnerships, a partnership with mlb, major league baseball, the nba, the National Hockey league. They are perfectly positioned. How do you get people to bet more once youre at one of these resorts . Scott butera will join us. They are putting together an awards program. You can only imagine what it will look like. Charles mgm awards, sounds likes pretty hip. They have amazing casinos. They have casinos and they have shows. Charles right. They have Cirque Du Soleil lay. Big dates with arrow aerosmith concerts or lady gaga. If you bet you will get maybe some of these rewards. Scott is the in charge of the whole betting platform at mgm resorts. That is publiclytraded. Great for investor viewers. Charles liz, certainly is. We look forward to it. Tune into to the claman countdown at the top of the hour. University classes are back in session after President Trump signing a bill that permanently restores funding to historically black colleges which will get more than 250 million a year. Joining me Bethunecookman University president. Great to be here. Charles lets talk about this. There was a lot of anxiety whether or not this funding will come through, 250 million. The Trump Administration said they were going to do it. Are you surprised they got it through with bipartisan support . I think a number of us were hopeful and reasonably optimistic but i think it is safe to say that some of us were surprised with the permanence of it, geared towards minority institutions, nativeamerican institutions tribal colleges, an historically black colleges, universities which are charles permanent aspect of it, helps you to do certain plannings. There have been articles. Your school has struggled. No question. Charles you have got some financial issues. 250 million in total. 85 million permanent funding for hcbus. Many of us think how we whittle back the budgets because we were relying on this. This is historical and critical. This is essential though insufficient component of longterm sustained funding that these intutions need. Charles what went wrong . Overreliance on government . What happened after a crisis, people read student debt is 1. 6 billion, trillion dollars rather, yet you see the small universities, particularly historically black colleges struggling financially . No question. There are a lot of universities both black and primarily white or traditional universities struggling with the economics, Financial Model associated with higher education. Smaller schools are particularly vulnerable. That is especially the case for hcbus, funding streams, students, often first generation dont have resources others have. They are vulnerable to economic shocks and vulnerable to challenges in terms of covering tuition. Charles right. We pay the price for that. You know, can sort of play a role also for the entire nation . Earlier, last year, there was an award given to President Trump, Kamala Harris was going to be part of it. She protested is there time to acknowledge, no matter what pare is in office, when they come through, a role universities like you play, reunite the country, put an emphasis on education for all americans to be better . Absolutely. I appreciate the question. Charles, we have to get away from binary notions of liberal and conservative or republican or democratic. Look at our iconic founder, mary mccloud bethune, she came from rural south carolina, came to florida in 1904 built this extraordinary institution. She did it working across the aisles, working with rockefeller and others to support the institution. Im here in part because we recognize the vital role these institutions play in the development and Capacity Building of our country. And, they warrant investment. Were excited about working with all kinds of stakeholders with interest in our students. Charles doctor, congratulations, a major step. Glad it is done. Well keep track. Thank you for the time. Have to get you on the campus soon. Well be down there. Breaking news. Amazon ban on third party prime shipments it is over. Amazon says the carrier is meeting time requirements. Fedex says the Service Levels during peak Holiday Season were strong. Fedex stock up more than 3 on the news. It was big news. Well be right back. We present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Oh, your shes landed. Ed. 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. Charles all right. So yesterday, i finally got around to having a few personal checkups, im okay, doc said i need to lose a few pounds, and one of the waiting areas, there was one guy who recognized me so we began to chat. It turns out hes retired for a few years and is bored out of his mind. The guy loves the stock market, he gets up almost every morning at 4 00 a. M. He wants to see how the asian marks are faring. Heres the problem. Hes been in cash for four years. He tried to get me to say this rally is too old, that valuations have expanded too much, and talk about the fundamentals and everything else, and i said listen, there are many things right now that are coming true and i think you have to be invested. I think youve got to be part of it. I mentioned all the amazing stuff, things he and i read in comic books. Even what powered the stock market rally in the 1990s, all of that moving into our lives at the speed of light. Now, sometimes we cant see any of it but the impact we feel. Case in point, yesterday nvidia released a memo how Artificial Intelligence is being implemented in dominoes. It will speed up delivery of three million pies and they will anticipate customers orders, then use Autonomous Cars and drones to deliver the pies. Nvidia presenting at the National Retail federation in new york city this week, emphasizing how technology can save brick and mortar retailers. So my waiting area buddy, he kind of shrugged as he lamented never taking up golf, he says he hates to fish and hes simply bored to tears. He grappled with the notion that hes missed so much of this rally. To be sure, hes got a list of stocks he cant wait to buy, only if the market will pull back. I did ask him, whats so awful if he bought right now. There was a garden variety pullback, even a correction. Probably it would be shortlived. His life would be more exciting and by the way, listen, guessing the top is a mistake. I brought this up because you know what, dow sessions are going to be down 200, 300 points, thats going to be the new normal. Up sessions will be the same. You may get, you know, get nervous here and there. Think long term. That is the bottom line. Never try to guess the bottom or the top and never let your pride or ego stop you from making money. On that note, i want to bring in delancy chief strategist jared levy. Im sure youve had this conversation with people, the higher the market goes, the more you have these conversations and the more people kind of talk themselves out of being in this market. Yeah. By the way, great to see you. This is one of my favorite topics. For years, i worked with market with trading psychologists, the late mark douglas, and they talk about you know, the fear people have. People have two fears. One is they are missing out on something and the other, believe it or not, subconsciously that they dont deserve it. You look at where the market is today and yeah, i could certainly plunk myself down, buy a stock. I might have to weather some storms but eventually, as you said, as long as i make a good decision, what i mean by good, i do my research and buy a company thats growing, eventually i will be right. The problem is, in between eventually, there are times when you are going to feel wrong and thats the biggest struggle that folks like you and me and every other investor, we have to deal with. That gets back to your level of confidence, which is something its hard to just create. Charles but the pride is that hey, i missed this thing. The ego is if i get in now, i admit that i missed it instead of waiting for the pullback that i just know is going to happen, and i want to point out, its not just the individual investor. This morning, for instance, apple gets an upgrade from a firm that had a neutral on it, a sell on it, then they go to neutral. You know, these guys, they missed it. Jared, they missed the whole thing. They say the target was 230, now its 275. But it happens to the best of them. It happens on professional investors as well as individuals. It does. Heres what you can do. I think one of the solutions is just like you said, you got to be able to admit when youre wrong and take the plunge. If the plunge does happen, maybe you should take the plunges on the garden variety pullback days. It might not be the Perfect Timing but it never will be. Use that as your catalyst, if you will, to get in, and then again, i mean, just learn how to deal with the normal ebbs and flows of the market. I will say the Election Year will probably be a little more volatile than normal so you have to sort of deal with a little bit more stress than normal but again, i mean, the lessons here are use catalysts, stay involved, have confidence in your plan and have resolution, have a resolute attitude when you are going through it. Charles thanks for having this conversation. We will be having it more than this, for sure. All right, folks. Liz claman. Liz boy, are you seeing this, hitting the tape right now, we have breaking news. It appears that fed ex is shooting higher on this news. Amazon has just lifted its ban on fed ex ground for those third party prime shipments. Fed ex ground is now meeting its ontime requirements. You may remember that middecember right before the crucial Holiday Season, amazon said forget it, we are banning Third Party Sellers on amazon sites from using fed ex ground because they claimed that fed ex was slipping ontime marks for the orders which are generally guaranteed to arrive in one or two days. Right now, fed ex up 3 . Could the market be bac