Transcripts For FBC Varney Company 20200205

250 points at the opening bell. nice gain for the s&p. 100 points gain for the nasdaq. you are going to see more new records today, especially for big tech. amazing but true. now here's what everybody is really talking about this morning. a bitter, bitter nancy pelosi ripping up the president's state of the union speech, with the whole world watching. literally, very publicly ripping it up. before that, she rolled her eyes, she shook her head, she fidgeted, she looked down just as the president ran through a long list of his administration's successes. only her base could approve such ru rudeness. you're going to see it all. joe biden, fourth in iowa. bloomberg sees his opening and doubles his already enormous spending. the democrat establishment clearly rattled and the president delivers one of his best speeches yet. "varney & company" is about to begin. three years ago, we launched the great american comeback. tonight, i stand before you to share the incredible results. jobs are booming, incomes are soaring, poverty is plummeting, crime is falling, confidence is surging and our country is thrive i thriving and highly respected again. america's enemies are on the run, america's fortunes are on the rise and america's future is blazing bright. stuart: we thought we would bring you some of the highlights of the state of the union address last night. come in, please, fox news columnist liz peek. i've got to say, the president this morning and last night, he's looking really strong for re-election. >> yes, he has a great story to tell and he told it brilliantly and that is what caused nancy pelosi's hissy fit. the democrats are, as you said, in disarray. iowa, what a complete catastrophe. not only was the process completely broken and muddled but the wrong people came out on top, right. do we really think that bernie sanders or pete buttigieg is going to take on donald trump, no, we don't. impeachment, a total fail. i can plot approval ratings for the president going straight up as the impeachment got under way and as it has concluded. what did they gain? absolutely zero. and the gallop poll ratings for approval of the president and the republican party up ten points since the impeachment process began. no wonder she was in such a terrible state of mind last night. she has a lot to be held accountable for, not just rudeness last night but the impeachment flop for her party. stuart: at 4:00 this afternoon when impeachment completely fails, it's game, set and match to the president. hold on for a second. i've got to get to that moment that everybody keeps talking about. look. there it is. there it is. the ripping up of the president's speech. again, for all to see. now, you watched that, probably. here's her excuse for doing that. roll tape, please. >> where did you rip the speech up, madam speaker? >> it was the courteous thing to do considering the alternative. stuart: it was the courteous thing to do, bearing in mind the alternatives. what on earth that means, i have no clue. maybe pete hegseth can straighten me out. he's talking on the voters there in north carolina. have at it, pete. what do you say? reporter: hey, stu. we have been talking to folks all morning long. let me tell you this, a great line from one of the diners here, you want to know what the real deplorable is? it's the deplorable act nancy pelosi did after that speech. what she did, the way the democrats acted, the consensus is you don't have to love the president, you don't have to love everything he does but you need to respect the office and respect what he stands for, and i think the democrats did a lot of damage to themselves through that kind of conduct, especially when they also, you saw it, they sat on their hands during common sense great things that the president was lauding about our nation. unemployment rate, lowest it's been in 50 years. they sit on their hands. you know, we are rebuilding our military. sit on our hands. recognize the tuskegee airmen, sit on our hands. i think that hurts them to not even be willing to play ball on basic stuff and the consensus here was that the president gave one of the greatest state of the union addresses these folks have ever heard and recognizing rush limbaugh, lot of folks believe that was a really neat gesture for someone who has done a lot for freedom in this country. stuart: a report from the field there. i have been watching you all morning, by the way. you are a popular guy in that diner right now. you really are. so is president trump. that's a fact. reporter: it is a fact. absolutely. they love it for sure. stuart: thanks very much indeed. all right. now, i want to go straight to tom pirro in new hampshire, where bernie sanders held a rally last night just as the president was talking about the great economy, there was bernie also talking about the economy. all right, what did he say? >> stuart, as you might imagine, bernie, not as big a fan of the trump economy as president trump. he sort of attacked it, like you are hearing a lot of the democrats attacking it saying it is not for everyone. but stuart, there's another point that i want to make and it's one of these i actually think you would agree with bernie on. i'm not saying it's the socialist aspect. i'm not saying it's any single part of bernie's platform. obviously i know, i have heard you, you don't agree with it. but there's a sense that the way iowa was run and the results that we have seen so far in iowa, the talk about the misfunctioning app and the like, whether the facts are right or wrong, there's a perception that bernie sanders is being treated unfairly by the system. when you talk to his supporters, that came out. they weren't willing to go so far as to unequivocally say there is something 100% amiss, but there's that feeling and that's something horrible that's happening right now in our american voting system. i think you would agree that's not american. we should feel our elections are 100% free and fair, regardless of the outcome. stuart: okay. thanks. interesting stuff. by the way, joe biden was fourth. that i find absolutely incredible. the man was fourth, having -- >> in iowa so far. and he's losing to bernie in new hampshire by the polls. stuart: that's right. i want to bring back liz peek for a second. the idea that joe biden is fourth, having put all those resources into iowa, having a bus go round the state for heaven knows how many weeks, he's fourth. >> i'm going to take a victory lap. i said from the beginning of this campaign joe biden is not going to be the candidate. he's weak. he's doddering. excuse me but the man looks really fragile and the idea he could be on this campaign trail and not just trip himself up at every opportunity and really undermine himself, voters are seeing that. they're not going to, you know, they're not going to elect him. stuart: i think the establishment is in absolute panic. >> they are, because who is left? basically buttigieg, right, or amy klobuchar. frankly, i thought amy klobuchar came out looking great in iowa. i know she was fifth, but she grabbed the spotlight, there was this -- all of us were stumbling trying to find something to say, grabbed the microphone, gave a great speech, kind of looking like she was the victor even though she obviously wasn't, went on to new hampshire and it was a pretty brilliant moment. she is a better candidate, if my view, in the long term than pete buttigieg. stuart: i doubt she gets the nomination. >> i don't think she's going to. i think it could be bloomberg. stuart: i think it will be bloomberg. more on that later, sports fans. we are talking money, of course, because we've got another rally coming up in just a couple moments when the market opens. look at disney. they are up $1.62. that's premarket. back to $146. they came out with the number of streaming users in the first three months of their streaming service, something like -- 28.6 million but a lot of them got it for free. disney is up $1.60 premarket. ford's profits fell short. turnaround plan not really working. stock is back to $8.42. look at general motors. the strike there took a bite out of them but they are still at $35 a share. now look at tesla. they have been on an absolute tear. this morning they are down 50 bucks, okay, but look at the level. $839 per share. that company is worth i think about $130 billion, as we speak. okay. we are on it. now look at futures. the overall market, another rally. here we go. all three indicators going straight up again at the opening bell. democrat claire mccaskill, former senator, accused of racism for singling out ben carson in this photo. he's going to join us in our next hour to respond to that. bernie sanders wasn't the only one to boycott the president's address. several house democrats including aoc refused to show up. we will tell you all about it. speaking of bernie, long-time democrat james carville is scared to death that bernie gets the nomination. watch this. >> it matters who the candidate is. it matters what a party chooses to talk about. i'm 75 years old. why am i here doing this, because i am scared to death, that's why. stuart: he's got a unique way of addressing the camera, does he not. we will have the rest of that message after this break. don't go anywhere, folks. great show. 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i'm right. the virus, united and american airlines both dropping flights to hong kong. both stocks up. next case, we have -- i want to get back to the state of the union address. female democrat lawmakers refused to stand and applaud when the president spoke about jobs and job numbers for women. here's the president. roll tape. >> the unemployment rate for women reached the lowest level in almost 70 years, and last year, women filled 72% of all new jobs added. stuart: they sat for that. okay. okay. here's katie walsh, republican national committee senior adviser. you have seen my reaction. what's yours? >> i think it's an embarrassment on behalf of the democratic congressmen that watched the speech last night. i don't know how they go back to their districts and tell their voters, explain why they sat down as 4.3 million new jobs for women over the last four years, lowest unemployment rate for women since 1953. i don't know how they answer that to their constituents. stuart: that was a good answer on your part for us today. thank you very much. now, the iowa caucuses, i've got to go back to that, an absolute disaster and the media admits it. you got to watch this. >> -- and even scorned by other nations are long behind us. this is our glorious and magnificent -- stuart: sorry, folks, that's the wrong sound bite. do we have it, the right one? the media saying -- okay, roll the right tape. go. >> it's been chaos here in des moines. >> this is a disaster on every level for democrats and for iowa. >> complete chaos and disaster. the phone backup system they had in place according to one source is a disaster. >> they are starting to tweet out the results. this is starting to look like a debacle. >> staggeringly embarrassing. >> was there election interference? did somebody try to hack into the app? was it pure incompetence? >> if it wasn't the russians in this case, it appears to be the democrats who did it themselves. >> the guy in the white house is chuckling all night here showing the democrats can't even get a three-car funeral organized. stuart: i think we have heard enough of that. look, in my opinion, the real disaster in iowa, okay, they messed up accounting. got it. the real disaster was middle of the road joe biden came in fourth. >> that's what the establishment democrats are terrified about. i think you played a clip before the break of james carville talking about the candidates, about bernie sanders, they are concerned about as well. after last night, i don't think they have a candidate that they can put up against the president. i think they will start realizing that after the case the president made to the american people last night about what he's done the last four years. but to your point, we watched for the last, what, three months the democrats and establishment media cover impeachment nonstop. i mean, that's all -- when you turn on cable news, that's all you see is impeachment. like they woke up 48 hours ago and realized holy cow, bernie sanders is running away with the nomination, what are we going to do now. it's interesting to see how much they have completely just melted down over the fact that they may have a candidate that has no chance against the president. stuart: what do you think of the chances of mike bloomberg? >> oh, i think mike bloomberg is going to spend hundreds of millions of dollars, i don't think he has a base. i don't think this country votes against people, you think they vote for people. that's what you see when you see the president have the highest approval rating in the republican party in a long time. 97% of americans or excuse me, republicans support the president. bloomberg doesn't have a base like that. there's nobody underneath bloomberg lifting him up and telling his story. that's an anti-trump vote. i don't think that works in this country. stuart: katie, good stuff. thanks for joining us this morning. i know you enjoyed it. >> i did. i did. it was great. thanks for having me. stuart: i want to get back to bloomberg and his spending. because look, he's already spent a ton of money but he's doubling down? susan: doubling down. he spends roughly around $250 million to $300 million so far, which is more than every other democratic candidate combined and given the debacle in iowa, he says i'm going to double down, spend twice as much as that, also expanding his staff to 2100, according to one of his staffers. by the way, just for comparison, in california alone, because he's targeting super tuesday in march, so he's looking for california and all the other 40% of those delegates, he already has around 200 staff in california. compare that to sanders who only employs around 80. when you have money, name recognition, already third in the reuters poll of 2020 democrats and if you see joe biden not performing in iowa, you have a way in as a moderate candidate. stuart: absolutely you do. can you buy an election? of course you can. ashley: by exposure. stuart: here's one for you, ash. tell me all about this. elizabeth warren caught walking off a private jet? ashley: this is classic. i watched this several times. very amusing. please, let's roll this tape and show you, she's on a private jet flying from -- we don't want to see that, private jet flying -- there we go. look how she gets off the plane, flying from d.c. to iowa. gets off the plane and then sees someone is filming it. right there she's hiding behind a staffer walking in front of her. quite cleverly done. she maintains hiding the position for quite some time. she funds all her trips with campaign money. she spent quite a lot already on these flights. you know, she can bash the rich and the powerful not only for the money they have but for the way they ruin the environment with all the planes they take. here we are. it's very amusing. >> that's what happens when you set yourself up as a purist. people will go after you for things like this. obviously the way you get from town to town on these trips, you use private planes. she's a hypocrite. ashley: there are great memes out there. how dare you. stuart: got to get back to money. we are having too much fun. the dow industrials will be up 200. s&p 27. nasdaq up close to 100. it's a rally. did you see this? rush limbaugh overwhelmed with emotion after receiving the highest civilian honor. the presidential medal of freedom, from the president last night. we will show you in just a moment. you're in a no parking zone. oh, i... i didn't know. you didn't see the sign? that... that wasn't there when i was here earlier. 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[ fast-paced drumming ] it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. i am proud to announce tonight that you will be receiving our country's highest civilian honor, the presidential medal of freedom. i will now ask the first lady of the united states to present you with the honor. please. stuart: i thought that was a very moving moment. i have been a listener of rush limbaugh for 35 years. he's a great man. he delivers with clarity, opening up conservative thought in america. i have watched him -- ashley: calling people to account, too. which i always -- >> and creating conservative talk radio which thank heavens it exists, because the major networks do not carry any kind of conservative message. talk radio's kind of important. stuart: it was ronald reagan who removed the restriction for -- of equal time. remember that? i forget the precise expression. he said you don't have to do that any longer. that opened up talk radio for people like rush limbaugh because before reagan did that, you had to have both sides. if you said this, somebody else had to say that. that's the way it worked. susan: he set a daily three-hour radio show without any guests. how incredible is that. the energy expended each and every day. ashley: he was very humbled last night. stuart: it was a moving moment last night. so was thchis. the soldier surprise. that was another really fine moment last night. there you go. >> he is here with us tonight and we couldn't keep him waiting any longer. stuart: that was a real thing. that was real emotion. i have not seen the wide shot so i don't know whether the democrats stood for that. they really should because that was a fine moment. >> it was. it brings home to everyone in the country the sacrifices being made on our behalf by our military. you cannot have enough of that. you cannot have enough of saying thank you. stuart: two little kids there. ashley: dad's home. stuart: good stuff. all right. that's one side of the story today. there's a lot of news. the other side is your money. stocks are poised to open higher again. shah gilani is with us. okay, shah, are we back to same old, same old, stocks just want to go up? >> precisely. i think what the market is telling us is that they are putting the coronavirus fears behind them with the prospect of treatment, the prospect of a vaccine out there. not accomplished yet, but out there. i think the markets are telling us that this is going to pass. and in the process of this happening, there's going to be a lot of, in terms of inventory draw-downs, there's going to be a lot of that. there's going to be a lot of crimping of supply chains. that means manufacturing is going to have to ramp up to meet those demands later on. the market is looking forward and saying this too shall pass and then when it does, things have to get heated up again. that's positive for the global economy and markets are reflecting that in terms of how they are valuing stocks. stuart: there's one more positive, a big positive, actually, broke earlier this morning. i think this is really helping the market and that's the adp report. you had 291,000 new private sector jobs. 291,000. for heaven's sake. ashley: in a very tight labor market already. stuart: yeah. ashley: i was amazed when the president outlaid all accomplishments, all the economic facts last night, it went on and on and on. >> he needed to because the democrats keep saying it's not true. these are real numbers. these are facts. stuart: shah? >> i thought that the president's report to congress and the public on the state of the union was exactly what it is. the union is in great condition. people are optimistic. the public is optimistic. investors are optimistic. the economy is going gangbusters. all of the metrics that he laid out were 100% positive for the economy. i don't know how anybody could listen to that speech, that report on the state of the union, and not be thrilled about the state of the union. stuart: got it. one second. i want to take a look at disney. of course, the market has not opened yet but they doubled the number of streaming users in their first three months. five million of them were free, i think? susan: that's right, 20% of the 28.6 million subscribers came from verizon. extrapolate that, that's around 5.7 million. still, this is a huge number, exceeded disney's expectations. stuart: who's the king of content? >> disney, by far. no one's going to come close to disney. disney will continue to lead content globally for as far as i can see. stuart: better than netflix? susan: netflix started 2007, it took them until 2012 to get 28.6 million subscribers. disney did it in three months. >> netflix is having to create a lot of content. disney has the library. now it's bigger than ever. stuart: okay. okay. >> very powerful. stuart: disney tv. i get it. okay. all right. here we go. it is 9:30 eastern time. it is a wednesday morning. we are going to go up. we are going to take a look at just how much up we got here. right from the get-go, up nearly 1%. 240, 260 points. a sea of green on the left-hand side of the screen because most of the dow stocks have opened in the green, they're up. the dow right now is up .89%. 250 points up. it just takes your breath away with this kind of thing. we've got the s&p 500, the opening there is a plus nearly 1%. the nasdaq composite, the opening there is a plus 1.1%. all time high for the nasdaq. who would have thought it would go back to -- back to, no, i mean, it would hit 9,500? do we have microsoft on the screen, please? look, i sold the thing $20 ago. microsoft i believe -- have we got it? no. okay. let's move on. we've got the nasdaq composite record high. disney is at $146. they opened $2 higher. we already discussed them. let me take a look at tesla, please. that's been on a great tear recently. let's see. are we going to bring in doug johnson now? i don't think so. wait a second, okay. hold on a second. ashley: microsoft, up another three bucks. stuart: $183 on microsoft. how about that. show me the big techs, please. we have another stupendous rally here. i want our viewers to see these stocks. okay. all right. forget it. we've got tesla down $93. my guest on the right-hand side here, gordon johnson says it's going to go down a lot more, isn't it? >> we think so. just last night, we heard from the china daily newspaper, the mouthpiece of the china communist party, and they put someone in that story who basically said tesla is going to have to cut their production estimates in china by half so instead of 150,000 cars, he's estimating 80,000 cars produced. sales in china are going to be a lot worse. we think q1 for tesla will be one of the worst quarters you ever see them report. we think revenues are down this year, earnings are negative again. we think this is euphoria. stuart: how far down does it go? it's down $98 as we speak. how far down does it go? >> if you look what happened over the past two days, china injected on tuesday 150 billion yuan. yesterday they injected 500 billion yuan. that money is effectively flowing into u.s. stocks and i think retail investors in china are piling into tesla. just as fast as it went up, we think it's going to fall. stuart: little guy will get killed? >> we think so. stuart: you think so. tell me again, how far down does it go? >> we think by the end of the year tesla is below $300. stuart: okay. you had three bites of the apple on this program in the last couple days. we thank you very much for being with us. hold on. let me go through the rest of the market. amazon. they yesterday closed at a trillion dollar valuation. they are a bit more than that now because they have gone up another $12. susan: also an all-time record high for amazon. this is after results came ahead of expectations that we saw last week, spending less on one-day delivery and here you go. fourth trillion dollar company. stuart: i want to bring in liz peek. she's got a very good point to make. this is good, folks. this is good. okay. the trillion dollar club. there are four of them. that would be -- >> microsoft, apple, google and amazon. in other words, maga. make america great again. you can't make this stuff up. stuart: that has never occurred to me before but it's good. the trillion dollar club is on your screens. apple up another five bucks. amazon, 11 bucks higher. microsoft, up another three to -- this is killing me. google up four bucks at $1450. they are all worth a trillion dollars plus. apple is close to a trillion and a half. susan: they are. >> another thing we are not talking enough about, the economy looks like it's accelerating. that's why -- that's one of the reasons the market's looking good. economists that i follow are raising their estimates for this year. so you know, with all the stuff that trump has accomplished and the job creation stuff, it isn't going away. it's not getting worse. it may get better this year. susan: strong jobs market as you saw with adp but also this week, what turned around sentiment this week is that manufacturing, the ism report that shows that the recession might be over in manufacturing and also, purchases of manufactured goods went up as well. this is a booming consumer economy. ashley: we also have the latest number at 10:00 on the services sector. non-manufacturing. which is of course key to this economy. we will see how that shows. stuart: 4:30 in, we are holding to a gain, the dow is at 29,055. all right. take a look at the car companies. ford and general motors. ford's profit not so great. general motors, well, general motors. susan: not great. stuart: not too great, although the stock is up about a buck. just look at them. $8 a share on ford, $35 a share for general motors. they don't move. they just stick there. just stick there. susan: ford yesterday after the bell reported a plunge of two-thirds in its operating income and both of them are having problems in china. gm reporting sales down 14%, ford, the same. this is their second largest market in the world. that's why they are worth maybe, what a tenth right now of tesla even though tesla had 10% of their sales. stuart: you wouldn't touch ford or general motors, would you, shah gilani? >> i i don'tused to like ford ar its dividend which is probably around 6.80 plus on an annualized basis, that's a great hold to have in terms of where to park your capital if you don't -- if you're not putting it into the market. however, now i'm a little worried with ford's numbers that it's going to be able to maintain that. i believe it's borrowing to make that dividend now. that bothers me. there are pension liabilities that are really huge. i don't think the lineup ford has is exciting. the f-150 sales are up less than 2%. they are just not doing anything that makes sense for the public and in china, their numbers are horrendous. they are falling about 30% rate per quarter. terrible there. general motors is just hanging on. but they are unexciting. stuart: you are doing a very good job of killing ford right there. you really are. big picture, please. look at the dow industrials now up 268 points. we are up all across the board. that's a .93% gain. very important indicator, that's the ten-year treasury. the yield up, up, that tells you money's coming into treasury bonds, raising the price -- no, no, no. other way around. money's coming out of treasury bonds, lowering the price, raising the yield. they are going towards more risky assets known as stocks. >> the curve is better. remember all that excitement about a yield curve flattening out? it has gotten steeper because people expect growth. that is a growth statement. stuart: it is. it is. okay. that's the reverse of a flight to safety. how about gold? we saw a big move into it earlier. well, it's up three bucks today at $1558. oil, love to see this because i want to know about the price of gas. $51 per barrel. we are up $1.73. the price of gas this morning, national average is $2.46. all right. macy's closing stores, cutting jobs. they are closing a lot of stores, aren't they? susan: 25 stores. slashing employees, too. >> this is not a reflection of the economy or retail sales. this is the ongoing department store dilemma. they just don't know what to do. that is their problem. stuart: a bit more on macy's, please. kristina partsinevelos at the new york exchange, what more have you got on macy's? kristina: we have a lot of details, actually, because it's macy's investor day as well. the c.o.o. is here at the new york stock exchange meeting with clients. what the company is doing, they will close 125 stores over the next three years. this isn't just the macy's brand, this is bloomingdale's as well, blue mercury, macy's backstage. they released a press release and they are so serious about this turnaround they had a code name within the company, called polaris strategy. they say they are positioning themselves for growth right now. you know the typical speak you have from a lot of these companies, they are cutting off unhealthy parts, exploring some new streams of revenue. more specifically you know the off-price stores very similar to tj maxx? they have macy's backstage. they will be expanding those stores, they will be opening up 50 new stores within macy's department stores. they will also be opening a few individual ones. this means their margins will be a little bit smaller but could help grow in terms of for the company's sales that they are still expecting 2020 to be weaker. you can see the share price. investors like it because they will be cutting off employees, roughly 2,000 corporate employees, and closing their cincinnati headquarters, moving everyone to new york. back to you guys. stuart: big changes. i got to say. $17 a share on macy's. all right. thank you, kristina. snap adds users but revenue falls short. i have no idea what that means. shah gilani, would you ever buy that stock? >> no, stuart. i actually have a price target on this between $14 and $16. the ipo was $17. we saw it finally got above that recently, and that was on a huge run from last year. i think it was certainly overdone. the numbers are not compelling. in terms of ad dollars, snap has about .6% of the entire global market. investors last year were expecting better numbers, they were expecting to increase its market share. it hasn't done a good job of that. i think investors are punishing because of that. it's got nowhere to go. there's too much competition coming from instagram and i just don't see the growth prospect for snap. stuart: you killed off ford, you killed off snap. anybody else you want to have a go at? >> creative destruction, stuart. susan: philosophical debates. snap, again, you have other social media plays to buy into. snap only had 218 million active users. compare that to instagram which has two billion. stuart: just think of it, susan. susan: want to tell me about social media? stuart: no, no, i don't do that. but 15 years ago, you say somebody's got 280 million active users, you would think my goodness, that is absolutely fantastic. buy that stock. but now, it pales in comparison to other data user bases. all right. we killed off snap. it's down $17 a share. it's 9:40 eastern time. thank you very much indeed, gordon johnson who sat here very patiently. you were right, tesla is way down. thanks very much, liz peek. that maga comment, microsoft, amazon, google, apple, maga. shah gilani, you're all right, too. thanks to everybody for joining us. okay. check that big board. we are up 270 as we speak. it's the moment everyone is talking about. we will show it to you again. nancy pelosi showing her true colors, ripping the president's state of the union speech. ripping it up. one page at a time. one of the president's special guests, tony rankins, will join me next hour. after serving in the army in afghanistan, tony suffered ptsd, became addicted to drugs, then was helped thanks to an opportunity zone. okay. we will tell you more about that. bernie sanders boycotting last night's speech, while president trump was talking the economy, bernie was claiming the economy is not working. we will tell you all about it. that's a promise. ( ♪ ) this valentine's day, give her the gift that says, "you are my icon. you are my diamond." the marilyn monroe collection of fine jewelry. exclusively at zales, the diamonds are a girl's best friend store. stuart: dow is up 250 right out of the box on a wednesday morning, the rally continues. literally, it is cross the board. let's get back to the state of the union address last night from president trump. he was talking a lot about the blue collar job boom. watch this. >> our agenda is relentlessly pro-worker, pro-family, pro-growth and most of all, pro-american. if we hadn't reversed the failed economic policies of the previous administration, the world would not now be witnessing this great economic success. after decades of flat and falling incomes, wages are rising fast and wonderfully, they are rising fastest for low income workers. this is a blue collar boom. stuart: andy puzder is with us, former ceo of hardy's and carl's jr. andy, did you hear in the background when the president said look what we've done and we couldn't have done it unless we reversed the failed policies of the past, the democrats were actually booing and stirring as if to say no, obama created this. take that to pieces, will you, please. >> look, you really have to be fooling yourself if you are going to try and credit obama for this. obama raised taxes, trump cuts them. obama increased regulations, trump reduces them. obama didn't want to focus on domestic energy production, trump did. so he reverses everything that obama does. the economy just soars to new heights. it wasn't just the things he said last night. just look at this morning, you've got the adp report that you talked about. the "wall street journal" just reported that for the first time in six years, the trade deficit went down last year. we had a gallop poll that said 59% of americans said they were better off this year than last year. that's a record. the last time, that last high was 58% in 1999 and even better, 74% of americans said they are going to be better off next year than they are this year. this is a complete turnaround from what we had with obama. it's a complete reversal of his policies, the economy is just booming, the economy is moving forward like the never has before. to try and credit obama is ridiculous. stuart: i agree with that, but um goi i'm going back to this adp report. 291,000 new private sector jobs. could you infer from that that the economy is actually now beginning to accelerate again? >> the economy should be accelerating. the usmca, our two largest trading partners, we have a new deal with them that will create about 70 billion more in gdp and 175,000 jobs. we've got this new deal with china where they are going to be buying $200 billion worth of our goods over the next two years. people have confidence in the economy. the uncertainty that was out there because of these trade relationships has gone away. we are going to see more growth this year, now that coronavirus is kind of a wild card that could slow things down but i'm hopeful that it will go away. there are wild cards out there. but things being normal, we should see very accelerated gdp growth this year and the american people are the ones who will benefit. stuart: good year for accelerated growth, election year. quickly to chipotle. you are a fast food kind of guy. the stock's gone to $856 a share. okay. it's down today. they've got a new guy in charge. came over from taco bell. is he the guy who turned it around? >> he certainly seems to be. when you are the ceo of a company, if it goes down, you get the blame. if it goes up, you ought to take the credit and you should credit your team as well. they have 13.4% same store sales growth and 8% transaction growth. it doesn't get a whole lot better than that. chipotle is doing something right. they are in a good sector and i wish them the best. this is a very very positive result. stuart: andy puzder, thanks for being with us this morning. all good stuff. appreciate it. by the way, the dow is now up 300 points. exactly 300 points. got it. okay. this is a report on marriage. it comes from wallet hub, a research company. they've got a startling number about who would marry who. ashley: it's all about credit scores. 51% of americans say they wouldn't marry someone with a bad credit score. 42% say they knew someone had a bad credit, they wouldn't go out on a date with them. now, this is really interesting. there was a study done that said for every 105 point uptick, which is a big gain, there's a 32% drop in the likelihood of someone divorcing, of a couple divorcing. the higher the credit score, the more likely the relationship will endure. people with higher credit scores were more likely to return money to its owner and reveals a general trustworthiness. stuart: wait a second. is it legit to ask a date what's your credit score? ashley: not on a first date. not on a first date. if the relationship starts to get serious, it's quite okay, of course, it's how you bring it up, but to talk about the fact your partner is not very good financially -- stuart: how would you bring it up gently? susan: yeah, let's hear this. ashley: i really like you, i feel like we should talk about some serious stuff. if you start a conversation like that, then it can lead to credit scores, managing your finances. stuart: or a complete breakup. oh, got to get this in. big hit, weed, legal weed, big hit in illinois, i think it is? susan: $40 million in sales in the first month. stuart: how much? susan: $40 million. $30 million came from in-state, $10 million from out of state. if you compare it to michigan, it's double what michigan did in their first few weeks. so illinois is very popular. stuart: got it. thanks very much indeed. check the dow 30. oh, look at this. now we are up 325. 26 of the dow 30 are green. that means they are up. did you watch the state of the union address last night? well, the media had a nothing nice to say about it. nothing nice at all. watch this. >> it was aimed at appealing to conservatives with red meat republican issues. >> how unusual this was, dark parts were dark. stuart: the dark parts were dark? ashley: really? stuart: please. we have more of that and we are stuffing it down your throat. one of the products i helped develop at 3m was a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people. that's it. i'm calling kohler about their walk-in bath. 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[ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassag. everything is installed in as little as a day by a kohler-certified installe. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. stuart: okay. now we're going to talk about disney. the stock actually has turned south. now we're down $2. i've got to get this in. the baby yoda story. we've got a tape. i'm told we've got to run it. so let's run it. >> see that on the screen? that's baby yoda, okay? we are told that -- >> cute! stuart: it's become an internet sensation. what utter nonsense. i'm the guy with six kids and nine grandchildren, and i'm the one who's supposed to think it's so cuddly and cute because i've got all these offspring, for heaven's sake. susan: guess what, it's the most searched term in the last few months. stuart: if you say baby yoda -- stuart: we had to run it. we did run it. mark douglas with us from steel house, the king of streaming analysis. what's your reaction to disney's streaming -- i guess you call it a success, what, 28 million subscribers real fast? >> yeah. i mean, they exceeded every forecast on their numbers, including their own. they exceeded revenue wise, earnings wise. they came in really strong. i think the stock being down is a little peculiar, but i think disney did a great job. they announced numbers, the really interesting part that they don't talk about much. stuart: tell us about it. >> disney last year gained control of hulu so hulu is kind of the original ad supported streaming network, besides netflix. so people forget, there's a lot of content on television where you don't have to pay a subscription, including fox news. you have all the reality shows on bravo, you have discovery and hulu has kind of mastered the advertising side of streaming, because they are all ad-supported. i think disney breaking it out is going to be really important for other parts of the business as well as lead the way and show how well ad supported streaming is doing. it's kind of a big deal. stuart: you are bullish on disney. you like the streaming service. you think the stock's going up from here, real fast? >> yeah. i do. actually, coincidentally, this is not a joke, i'm literally going to disneyland after this segment. my sales team has a sales off-site at disneyland today. stuart: go enjoy yourself. have a good time for us. mark douglas, thanks very much for joining us. we appreciate it. thank you. >> thank you. stuart: now then, 4:00 eastern time, this afternoon, game, set, match, the impeachment circus wraps up. the president won. but democrats just can't accept defeat. more "varney" after this. >> we will not stop. whether or not that leads to another impeachment activity, i don't know, but i know we must continue with the work that our constituents have elected us to come to congress to do. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed 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. stuart: coming up on a few seconds away from exactly 10:00 eastern time. it is another very big day for your money. with the potential virus drug breakthrough from the uk and progress toward as treatment coming out of china. that's a plus for the market this morning. right now the dow industrials are up 300 points. s&p's up 64. i'm sorry the nasdaq is up 64. the s&p is up almost 30 points. we have big name stocks we're watching of course. look at tesla, way down today. that is an 87-point drop. but microsoft earlier hit a all time new high. it is still at 181. amazon worth a trillion dollars now, at $2054 per share. now an economic number just coming at us. it is about the service sector. ashley: all important consumer coming in 55.5 again. only thing you need to know about the numbers, above 50 is expansion, below is contraction. so a nice strong number on the service sector to back up what we saw on manufacturing. stuart: mike murphy is with us. market watcher here. mike, we have a terrific adp report, 291,000 new jobs. strong report on the services sector. it is looking good, isn't it? >> it is looking great. when you dig into the adp number, stuart you look where the jobs are being created. we are seeing manufacturing. we are seeing construction. that is something people said are lacking if you're looking for a negative. jobs is great. manufacturing is great. back to business as usual. why the market is up today. stuart: could be the economy is starting to is being sell rate all over again. >> not that it could be i think it is. you can point to a lot of different factors we had a lull around the china trade situation. now that we're past that, the market is breaking out to new highs. stuart: i believe the high of the morning. dow industrials are up 327. now we're up 329, 328. that's a rally. now everyone, now this. speaker pelosi was in a difficult position. she had to sit and watch the president she detests scroll through a long list of his successes, tough indeed. mr. trump is winning on so many fronts and the speaker is losing. but that does not excuse her behavior. this was the defining moment of the night. nancy pelosi ripping up her copy of the president's speech. four pages, four rips. i will call it pet you lens. that is rather mild statement to use, compared to the avalanche of criticism that erupted on social media. later she told fox news, she ripped up the speech, quote, because it was the courteous thing to do considering the alternatives. what does that mean? i think she knew she had no serious response to the president's achievements. so, she simply engaged in a theatrical tantrum. that is the way i see it. during the speech the speaker was rude. that is an old-fashioned rude but it's accurate. when the president called out legislators for providing taxpayer-funded health care for millions of illegals, she mouthed not true. it's not true. but wait, the speaker is from california, which has indeed pledged to use tax money for illegals health care. case closed. the president outlined america's remarkable economic performance, she shook her head. she her eyes. why did she do that? she doesn't believe the wombing economy. she believes she should get some of the credit? that is a stretch. she is incapable of giving credit to the president who deserves it, donald j. trump. we saw a speaker on the spot, stuck behind the president on camera. she could have a good grace, grip and grin, brin and bear it kind of performance. she detests it, scowl, head shake, eye roll, three attributing call rip up performance instead. in court of public opinion the speaker lost. the president and america won hands down. now watch this. >> felt like she ripped our hearts out. everybody there, all the guests. we couldn't believe it. look, i don't care how you feel about somebody. that was probably the most disrespectful thing i have ever seen in my life because when she did that, it just tore us up. we couldn't believe it. stuart: that was the brother of rocky jones responding to speaker pelosi's stunt, i will call it a stunt last night. now this, a tweet from the white house. quote, speaker pelosi just ripped up one of our last surviving tuskegee airmen, a survival of a child born at 21 weeks, morning families rocky jones, service member reunion with her family. that is her legacy. that is from the white house last night. mark later 2020 trump communications director. i will call it a stunt. i'm being rather polite, marc. >> absolutely. this is something that shouldn't go unnoticed. this is one speech, state of the union one speech so many americans tune into who don't cover and follow politics on a daily basis like we do. so what they saw last night was not only the speaker tearing up american success and all of those great stories, but you also saw the democrat party sit on their hands and not be able to join in the celebration of the good things going on in our country. i think that will have even larger impact down the road that, democrats are just divorced from reality. stuart: now, marc, trump does indeed look extremely strong at this point. here comes mike bloom per. he is doubling his spending. he is spending a lot of money. i know you're going to say i'm not worried about this but, well, aren't you? >> well, no, but i mean one thing we're basically watch something michael bloomberg taking a match to billions of dollars or millions of dollars, whatever it is that he is spending. it is not reverberating in the polls. their process will play out. other candidates tried this before. to be honest it doesn't matter which one of these candidates comes off, out of their primary process. they get to get into the ring with donald trump, with the wind at his back, a strong economy. a great consumer confidence, soaring success for america on some levels. if they will be divorced from that reality, run against it, it will be a pretty easy contrast for us to make. stuart: it, marc lotter, thanks for being with us as always. >> good to see you. stuart: get back to the markets. such a big day for your money. look at it now, 325 points for the dow. come on in mike murphy. big picture for a second. are we off to the races again? the market just wants to go up? >> i think we are, stuart. not just that it wants to go up. it is going up based on fundamentals. there is strong economic picture in the united states that market is looking at. stuart: are profits strong enough going out in future? are profits strong enough for these lofty levels of stocks. >> i think we are. microsoft you can say is trading high multiple, price to earnings multiple. it is expensive here. fine. microsoft is no longer just a software company. it is no longer a hardware company. it is now a cloud computing company. maybe it deserves a higher multiple. to say a the market is expensive or individual company is expensive not a good reason to say the market can't make new highs. as long as it is expanding the price earnings multiple can continue to move. stuart: it takes your breath away. i never seen anything like it. >> it is supported by fact. there are fundamentals underneath this economy right now, 12 month ago we would never see the type of numbers that would have a china trade deal in place. would get these type of economic numbers, manufacturing numbers, jobs numbers in the united states. it is not slowing down. as you say it is accelerating. stuart: i believe it is. show me automakers please. ford, general motors and tesla of course. look at that. ford is down to $8 a share. they have got trouble with china. general motors they have got some trouble in china as well. they're down to $34 a share. tesla down to $110 as we speak. mike what is the position on ford? they pay a 7% dividend. >> they pay 7% dividend. i think ford is uninvestable stock. that is value trap. anyone at home, hey i'm not happy with 2% i'm getting on bond portfolio. i will go to ford for the dividend. the stock has given up all the dividends for the year, then some in an hour of trading so far. i think ford's ship is not righted. it may right it at some point. right now both ford and gm, avoid. there is too much growth in this market. stuart: mike murphy. thank you. 10:30 this morning, executives from five e-cigarette companies face a grilling on capitol hill over youth vaping. any news on that wheel bring it to you real fast. more from the president's state of the union speech. he touted economic success. the left-wing media won't accept it. watch this. >> it was aimed at appealing to conservatives with red meat republican issues. >> how unusual this was. dark parts were dark. stuart: dark parts -- what are you talking about? media guy brent bozell coming up on that. plus one of the special guests at the state of the union message last night, army veteran tony rankins. he turned his life around thanks to the trump administration opportunity zones. that man is on the show. so is secretary ben carson. more "varney" after this. ♪ ( ♪ ) ♪ the sun is risin' ♪ ♪ as the day begins ♪ time for reflectin' on family and friends ♪ ♪ and hey, we got somethin' ♪ ♪ just for you (sniffing) ♪ it's a cup of your favori-i-i-ite... ♪ (loud splashing) (high-pitched 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. ( ♪ ) this valentine's day, give her the gift that says, "you are my icon. you are my diamond." the marilyn monroe collection of fine jewelry. exclusively at zales, the diamonds are a girl's best friend store. be stronger... with nicorette coated ice mint. layered with flavor. it's the first and only coated nicotine lozenge. for an amazing taste... ...that outlasts your craving. nicorette ice mint. stuart: it's a rally, ladies and gentlemen. the dow is not up as much as it was. we'll take a 270 point gain for the dow. nice gain for nasdaq and s&p as well. disney added 28 million new subscribers in the past three months. the stock has turned south. we should point out five million of those new subscribers are getting it for free. they're not paying customers. details on the number of apple tv plus subscribe is. susan. susan: this is coming from bernstein, because apple didn't break out numbers he thinks only 10 million signed up for apple tv plus first two or three months it was available. compared to disney tv plus signed up 28.6 million subscribers. there is a big difference. you got it for free, with a new ipad or iphone, et cetera. bernstein estimates 92 million devices were sold. only 10 million signed up. they're not marketing it as well. they're conservative in the launch. there is not a lot of content. stuart: isn't that unusual, something apple does not well? how about that? >> susan: they have not done things well but whether they do things well, they do it very, very well as you know. stuart: apple at $321 right now. not the record high by any means but pretty close i would say. i want to turn to what liz peek was telling me earlier, the four american companies which are now trillion dollar valuations. we have got apple. we've got microsoft. we've got amazon. and -- susan: google. ashley: what does that tell you? stuart: it is. ashley: it is maga. microsoft apple, google, amazon. what does that spell. stuart: maga. it is age. maga, maga. president trump was talking about opportunity zones during the message last night. have a look at this, please, opportunity zones. here we go. >> jobs an investments are pouring into 9,000 previously neglected neighborhoods. thanks to opportunity zones. in other words wealthy people and companies are pouring into poor neighborhoods or areas that haven't seen investment many decades, creating jobs, energy and excitement. stuart: joining us now, ben carson, housing and urban development secretary. sir, why isn't it i have not heard of this success very much in the past? are you not getting the word out? because you're responsible for the opportunity zones. i'm not being critical, doctor, i'm just asking. >> one of reasons i'm on the road so often, to talk about it, talk about the local markets. most of the national media doesn't seem particularly interested in good news. so, but, you know, wonderful things are happening all over the country and you know the opportunities are just flourishing and as people become even more familiar with how they can use that to their advantage because we want it to be a win-win situation. we're seeing very good things. recognize that as these places are being built they are employing the people in the neighborhoods. so those people are being able to acquire skills. we're modifying section 3 to make it much easier to use so that apprenticeship programs can grow. people can actually gain skills that will allow them to become independent. it is a double win in that sense. also the property values are increasing in those areas. it is the people who live there who actually own the property. so they are benefiting that way as well. stuart: you know, mr. secretary, you're a world class brain surgeon. you have to learn how to pound the table. you're far too mild, you're too quiet, you're too reticence, major success with opportunity zones. i will teach you how to pound the table. >> i will take a less on that. stuart: you have to pay me for it. hold on, doctor, just one second. one of president trump's special guests was army specialist tony rankins. he turned his life around because of the opportunity zones. listen to this for a minute. >> opportunity zones are helping americans like army veteran tony rankins from cincinnati, ohio. after struggling with drug addiction, he is a top tradesman, drug-free, reunited with his family. he is here tonight. tony, keep up the great work. tony. stuart: tony is on the show a little later on. back to you, mr. secretary. >> it is so great to see stories like that. that is something we all should be able to celebrate. i hope at some point, you know we stop the partisan divide and we rejoice in the fact we're actually doing well. saying repair the roof while the sun is shining. the sun is shining brightly right now. let's get together to fix it. let's not sit there, begrudge each other's success. stuart: no, you have to do it like this. let's get together to fix this thing. it can be fixed! that is how you do it. >> i got you. stuart: let's get serious for a second here. look at the tweet from former senator claire mccaskill. it says one of the things is not like earths hint, they made him squat in the aisle so he was visible. mr. secretary that is referring to you. how do you feel about that tweet? >> tells you some people are so desperate to look for something to criticize that they will take a perfectly innocent photograph. i came back from the first class section. seats were occupied. i didn't want to ask anybody to get up. i bent down so everybody could be seen. you know, completely innocent thing. people want to make it into something that is racist. that is one of the things that really bothers me. you know, there are people on the other side who assume everything has some racial component. to me that is the epitome of racism. they assume if you have a certain pigmentation you have to think in a certain way. if you don't think that way, you're either crazy or or traitor or some ridiculous thing when in fact you may be the very person who is looking for the mechanisms that will allow people to excel in this situation. they don't tend to like people excelling. almost like keep people dependent, so we can milk them for their votes. stuart: good stuff. dr. carson, always good stuff. thank you very much for joining us. >> oh, it is a pleasure, thank you. stuart: democrat congresswoman dressed in white, last night. they did it to protest immoral and misogynistic policies. tomi lahren will talk about next hour. 2000 passengers held on a cruise ship to be quarantined for the virus. multiple airlines suspend flights to and from hong kong. we have details after this. ♪. ♪ ♪ the new rx. crafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. lease the 2020 rx 350 for $419 a month for 36 months. wheneveryone is different.a, which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. and my side super soft? yes! with the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both comfortable. and snoring? no problem. ...and done. so, you can really promise better sleep? not promise... prove. and now, during the ultimate sleep number event, save 50% on the sleep number 360 limited edition smart bed. plus 0% interest for 24 months on all smart beds. only for a limited time. stuart: all right. we have more airlines slashing their flights to hong kong. tell me nor, please. susan: united, and american airlines stopping flights until february 20th, they say. hong kong says they will quarantine anybody from the mainland for two weeks. this disrupts travel. we do have cathay pacific the main airline from hong kong, asking 27,000 staff members to take unpaid leave until march. stuart: what? susan: there isn't that much demand. stuart: unpaid leave until march? susan: three weeks off without any pay. they're giving timeline of three months from march till june. there is not a lot of demand to fly to hong kong or china right now. stuart: i feel tough for those people. and i feel tough for the nearly 2000 tourists in quarantine aboard a cruise ship near hong kong. ashley: 2000 passengers on this cruise ship. there are three suspected cases among the crewmembers. they will have to stay quarantined on the boat for the next 10 to 14 days until the results come back. that is not the enonly cruise ship stuck in limbo. there is another one off the coast of japan, that has 3700 people a board this boat. 10 people on this boat, one crew member, nine guests, tested positive for coronavirus that is absolute nightmare. they will be on the boat for 10 to 14 days until the incubation period is gone. stuart: the cabins are small. president trump pushing hard on the economy. our next guest says the best is yet to come. he is talking about the economy too. more "varney" after this. ♪. ...and they found themselves in a magical land. and then what happened? where's our family from? was he my age? so nana and pops eloped? ...and then what happened, daddy? well, before us, there were your great, great, great grandparents. turn questions you've always had into stories you can't wait to share; with ancestry. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. ♪. ashley: first one they released in the uk? stuart: no, it was the second. this was their second song. the first one was "love me do." then came "please, please me," which your listeners are enjoying. susan knew this one. we're on a roll. susan: yes we are. stuart: do them beatles. check the big board. we were up 300. now we're up 220. we'll take it. okay. weekly oil inventories breaking right now. you have that look on your face. ashley: up. you know i live for this. it is not freddie mac but it's close. up 3.3 million-barrels. more of a build than analysts were looking for, 2.7 million. we have more oil slushing around in storage which means price should go down even though we're up at this point. we have more oil. demand goes down, right? stuart: you have three million barrels of oil more in storage. ashley: yep. stuart: demand therefore not as great as it might be. you figured the price would come down. susan: oil price is lifting off the one-year low. because opec may look to cut production. they're debating that. stuart: we're at $51 a barrel for oil. that is not exactly a high price. happening now, executives from five of the biggest e-cigarette companies are on capitol hill. what's going on, ash? ashley: all five of them will be in front of a house subcommittee. the lawmakers, basically up until now the ceo of juul has been in the hot seat but there are five of these companies that account for 97% of the business or industry. they want to know how these companies are marketing their products. what are the potential health effects on people who use them, and what do these companies believe should be, what should their role be stopping the epidemic among teen papers? they will be on the hot seat. they will have to answer hard questions. stuart: they are there now. ashley: they are there now. stuart: if you watched the president's seat last night he was really touting the state of the economy, a strong booming economy. as he was saying that bernie sanders was telling voters the economy is not working for americans. this is in new hampshire he was saying it. watch what he had to say. >> president trump has told the american people that the economy today is booming like it has never boomed before. for trump and his billionaire friends he is right, the economy is really booming for them. and we are now experiencing more income and wealth inequality than anytime in the last 100 years. stuart: you don't think much of the economy. joining us alfredo, ortiz job creators network and ceo. >> hey, good morning, stuart. stuart: answer bernie sanders please. >> stuart, i got three numbers basically to answer bernie sanders. 49, 63, 94. the latest gallup numbers come out, 49% approval rating for donald trump. by the way, four points higher president obama was at the same point in his administration in his career. 63% over all approval rating of donald trump's handling of the economy. 63%. there is definitely democrats in there do not believe anything that bernie sanders is saying. last big one, 94% of republicans really approve of president trump what he is doing. so my answer back to bernie sanders is, you have got your facts wrong. he is living in this alternate world, alternate reality. really at the end of the day voters, and americans, don't believe what they're hearing anymore from the democrats. stuart: the far left is running on this income inequality issue. >> yeah. stuart: it is true there is income inequality but what they forget is what larry kudlow told us, that the lowest paid workers, the bottom 50%, their net worth is growing much faster than the top 1%. it's the trump administration, actually is narrowing that inequality gap. >> yeah. that is absolutely right. when you look at it across the board. we represent small business owners across the country. they are the ones doing hiring. they're excited. the tax cut made a huge difference in their lives, in lives of businesses that they run. they represent 2/3 of new job growth is in their hands. they are feeling optimistic. their confidence is sky-high. consumer confidence is sky-high. why we're seeing the economy roaring the way it is. they continue to hire more people. of wages are better. benefits are better. so overall, that inequality is actually starting to close up because we are seeing the bottom rungs doing much, much better. in many cases grow multiple times more in wage growth than the top rungs are. we're excited to see that. manufacturing jobs, stuart, those are coming back. remember president obama said those would go away forever. we're up 500,000 manufacturing jobs. those are great paying jobs for blue-collar workers across america. things couldn't be better. when you look at groups, hispanic, black, female, doesn't matter, every single group doing real well. record unemployment for blacks and hispanics. that is unbelievable amongst youth with a high school degree. these numbers are just incredible. at the end of the day, stuarts, these truths are inconvenient for the democrats. what they're trying to do at this point. they can't say anything. now they're saying bad things and lies. that is the bottom line. stuart: an "an inconvenient truth." what was that all about? somebody else. susan: al gore. stuart: al gore, thank you momentarily, al gore, alfredo. >> i figured my democratic friend out there would enjoy that one. stuart: it was a good one. alfredo, thanks for joining us. see you real soon. >> thank you, stuart. stuart: i want to bring in tony rankins. i will take you -- thanks for coming in. i want to take you back to last night. i want everybody to see the president and what he had to say about you. roll tape, please. >> opportunity zones are helping americans like army veteran tony rankins from cincinnati, ohio. after struggling with drug addiction, tony lost his job, his house and his family. he was homeless, but then tony found a construction company that invests in opportunity zones. he is now a top trades man, drug-free, reunited with his family and he is here tonight. tony, keep up the great work, tony. stuart: as you saw, moments ago, tony is with us now. take us back to last night. what was it like, sitting there in front of the president of the united states. >> it was incredible. it was surreal. i couldn't believe i was really there. i was though. stuart: you were. that's right. now i'm sure you saw it but at the end of the speech speaker pelosi ripped up the speech. now you were in that speech. how did you feel about this ripping up? >> actually i really wasn't paying attention. i saw her rip some pages up. but my mind was focused on other things. stuart: what were you thinking about then? >> i was thinking about not falling out really. i was grateful for the opportunity that the president did pass a bill that would give us the opportunity to, for these opportunity zones. like he said, that is what happened to me. that is the story i wanted to get out. that was the main thing that was important to me and our invests. stuart: what's, we just described as a tradesman. what do you do? >> construction. i can, lay brick, blocks. just about anything in the construction area. stuart: how long have you been doing it? >> i've been doing it with our invests now for the last two years. been working for a while. stuart: tony, really good news. great to have you on the show. great to see you last night. that brought a tear to a few peoples eyes and that's a fact. tony rankins, he is a good man. thanks for being here. >> thank you. stuart: venezuela's juan guaido is was at the speech last night. he will go to the white house later on today. he was recognized by the president as venezuela's true president. we'll tell you what this means after this. ♪. ( ♪ ) this valentine's day, give her the gift that says, "you are my icon. you are my diamond." the marilyn monroe collection of fine jewelry. exclusively at zales, the diamonds are a girl's best friend store. stuart: we've lost a little of the rally, not much but we're still above 200 points. just above the 29,000 level on the dow. the nasdaq has turned south. it is down 12 points. 10-year treasury yield, it was 164. now it is 163. okay. price of oil, was $51 a barrel. still $51 a barrel. got that. back to the state of the union. president trump honored a special guest, venezuela's opposition leader juan guaido. watch this. >> please take this message back that all americans are united with the venezuelan people in their righteous struggle for freedom. thank you very much, mr. president. [applause] stuart: look who's here. mary anastasia owe grady who follows venezuela, latin america for "the wall street journal," am i correct? >> correct. stuart: that's a failure. because maduro is still in power in venezuela and juan guaido is not. our foreign policy failed here, didn't it? >> so far it failed. i don't think it was ever in the cards that the type of intervention the president chose was going to topple the regime immediately. it is taking a lot longer than they had anticipated. but i would also say the president has been smart. marching the marines into venezuela is not a good idea. stuart: it was never going to happen. that was never going to happen. >> there is a lot of venezuelans would like to see that happen. people expected if, that trump would continue to heighten the, elevate the conflict. if he needed to he would take some action in that area. i think it is a good idea that he hasn't. this is a program that the venezuelans have to solve. the u.s. can help them and i think the president's point how he is building a coalition around the world to pressure maduro regime is a good idea. if i were him i would have stress ad little more the occupation of venezuela that is the most important point here. venezuela is occupied by cuba, by russia, by iran and that occupation goes against everytng that, the sovereignty that we are supposed to give to venezuela. that's where i think the emphasis should have been but i'm glad he had the rightful president there he sent a message we still insist they have to restore the democracy. stuart: juan guaido is visiting the white house later on today. what's the significance of that? >> i think it is a message to hispanics in florida. stuart: oh, domestic politics? >> he is being used? >> did i mention an election in florida? people in florida are as you mentioned, failure, inability to remove maduro. i think the president is sending a message to south florida to, the hispanic community all over florida to say, listen, i'm still behind juan guaido. we are still working to financially squeeze the regime. we're not giving up on you guys. we're not walking away. we're not, you know, doing what president obama did with raul castro, going to a baseball game and yucking it up with the dictator. no, we stand by you, but i think there is also a message to say to the venezuelans this is your work to do. this is what you guys have to do. stuart: true, if you were being honest, you're always honest, i know that, bad preface there i think, i think maduro will be in power one year from now, two years from now. >> it doesn't look good, it doesn't look good. i don't think there is a lot the u.s. can do, militarily it is not an option. so they're doing what they can do. stuart: they were supposed to be starving. we had pictures of them eating out of trashcans in the streets? >> they are starving. they're still starving. the venezuelans are sending out a new narrative. look how we're turning into the market economy? have you noticed that in the english language press? there is a lot of propaganda out there, saying venezuela is reforming back to something more market oriented which i think is a load of hooey. the president is saying we're not changing our position. we stand by juan guaido. we stand by the insistence that the country has to be restored to democracy. stuart: mary anastasia o grady. see you soon. >> same to you. thank you very much. muchoogracias. stuart: what did you call me? stuarte. i will take it. call it a triumph. he knows how to put on a show. we'll bring you the best moments from the president's speech. we'll show them to you after this. ♪. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed 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 that's 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, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. ♪. >> i am thrilled to inform you that your husband is back from deployment. he is here with us tonight and we couldn't keep him waiting any longer. [cheers and applause] one of those students is janiyah davis, a fourth-grader from philadelphia. janiyah. [applause] i am proud to announce tonight you will receive our country's highest civilian honor, the presidential medal of freedom. [cheers and applause] >> love you rush. [cheering] stuart: we picked out the best moments from last night's state of the union speech. we think they are the best. brent bozell, media research center. the president knows how to put on a big show, doesn't he? >> the speech was something else. if you listen to the experts they will say the normal speech, after dinner speech should be about 18 minutes long. if so this was exactly one hour too long. i found, i found the speech so beautifully written. i found it very well-delivered. his moments, his guests, were extraordinary and then, it was the sideshow of nancy pelosi. you just couldn't stop watching the show but the juxtaposition. look, the president has delivered by any objective measure you have to concede even if you're his enemy that he has delivered three consecutive masterful state of the union addresses and this one was the best. stuart: i want you to take a look at the reaction from the media after the speech. watch this. roll it. >> it was aimed at appealing to conservatives with red meat republican issues. >> how unusual this was. the dark parts were dark. the bizarre parts were bizarre. >> almost baiting democrats, like watch this. they will think this is nuts. i will give the medal of honor to rush limbaugh. stuart: dark, bizarre? what is this man talking about? >> well, let's keep on going. on msnbc, i think it was chris matthews who pretty much called him a nazi and said that it was goebbels and the big lie. they called him satan on msnbc. you were doing a deal with the devil. cnn called rush racist. so did abc. over hollywood, sarah silverman was calling trump a fear-mongering pig. cher wrote a tweet where she attacked i loved this one, attacked him, blasted him, among other things called him illiterate. i looked at the tweet, i counted no less than 10 grammatical errors in there. stuart: i'm glad you point these things out. you know, bret, during last year's state of the union, nancy pelosi clapped, the sarcastic clap. this year she ripped up his speech. look, we're going to show it to you right now. going through four pages, ripping them up. quite methodically. brent, i call that a theatrical tantrum and nothing more. what do you say? >> i think the whole thing was on her part. it was, it was all obviously scripted on her part. shuffling papers, the entire speech. that was meant to disrupt the camera. just, facial expressions, shaking her head, smirking, grimacing, laughing at him. meanwhile you had those witches in the audience who were up and down, all the talking that went on during the state of the union. the camera pans to them. they're standing up talking to each other, chitchatting. let me tell you something. i think when the president left, he was furious, absolutely furious. for over an hour he was trying to make an address to the american people. and i think he was watching all of this. he couldn't see that woman behind him. but he could see everybody else in the audience. he could see that disrespect has been shown. not just to him. not just to the office of the presidency. it is to the people's house. stuart: exactly. i think he won. brent bozell, everyone, good man thank you for joining us. see you soon. check the market. come back again. we were up 300. we were up 100. we're up 250. we'll take it. 29,054. look at tesla on a real tear recently. within the past few minutes, shares took a real, real nosedive. can we see it? i don't know. it is way down. coming up we're talking, it is down 13%, okay? short seller andrew left is next our retirement plan with voya gives us confidence. they help us with achievable steps along the way... so we can spend a bit today, knowing we're prepared for tomorrow. wow dad, do you think you overdid it maybe? i don't think so... what do you think, peanut? nope! honey, do you think we overdid it? overdid what? see? we don't think so, son. technically, grandparents can't overdo it. it's impossible. well planned, well invested, well protected. voya. be confident to and through retirement. it's a masterstroke of heartache and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. lease the 2020 nx 300 for $359 a mquitting smokinghs. is freaking hard.st, like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: the iowa debacle has opened the flood gates of despair among democrats. it's not just the messed-up counting that got them worried, it's the dismal performance of joe biden. the establishment's great moderate hope. he came in a very distant fourth. perhaps worse, bernie sanders won and it looks like he'll win again in new hampshire next tuesday. the establishment democrats know that he just can't win and they're not so keen on the 38-year-old mayor pete, either. so they are now thrashing around, looking for someone, anyone, to beat back the socialist tide that's taken over their party. and look who has popped up with a billion or two to save their bacon, mike bloomberg. he wasn't in the iowa race but by not being there, he kind of won it and he's just announced he's going to hire even more staff. he already has over 1,000. and spend even more money, he's already gone through more than $200 million. he's going to double that. now, democrats understand the irony here and they're not comfortable with it. the $60 billion man buys the leadership of a party that rails against big money in politics but who else is there? hillary? not going to happen. john kerry. oh, that would be sheer desperation and it's not going to happen. michelle obama? maybe but she's made no move and offered no hint. i can't think of any other democrat who could step in for the so-called moderates except, of course, mike bloomberg. it's a measure of the democrats' desperation that bloomberg is even being considered. that is the state of play among democrats. that's what happens when a political party is consumed with hatred for their opponents. they lose. and now this. >> it matters who the candidate is. it matters what a party chooses to talk about. i'm 75 years old. why am i here doing this? because i am scared to death, that's why. and we got to get -- let's get relevant here, people. we got to decide what we want to be. do we want to be an ideological cult or do we want to have amajoritacces amajoritarianinextinct? stuart: james carville frightened about the democrat choice. the circus in iowa has moved to new hampshire. they are all there now. lawrence jones is with us, fox news analyst. look, make no bones about it, i think the democrats are in absolute disarray and despair. you say? >> i think that's true. i told people when i was on the ground in iowa that i saw them rallying for bernie sanders. what bernie is going to say is that the process was rigged and he may have a point because when you look at the popular vote, how we look at it, he won the popular vote in iowa. pete, mayor pete, won the electoral college, if we use an example. but as you can see with the party changing the rules when it comes to the debate and suddenly making a way for mike bloomberg, they are in despair when it comes to joe biden because there's always this electability argument. he was the guy that could best take on trump and now how can you take on trump when you can't even win a primary election? stuart: and come fourth. >> and come in fourth. now people are saying look, he probably won't get a spike until south carolina because of the black vote. new hampshire, he's dpogoing to terribly because that's bernie's area, barelizabeth warren's are. when you have someone that is essentially retired, james carville, a legend when it comes to politics and the democratic party saying i'm freaked out about this, obama has to get involved. i know he's strayed away from getting involved because he wanted the process to run its course, but the democrats are going to lose their party to socialists, to progressives that don't believe in the traditional way -- stuart: do you think obama will push michelle? >> well, i don't think michelle is going to get involved. she doesn't want to get involved in politics in this way. but i do believe he has to get behind a candidate if he wants to save the party. he's hesitant -- stuart: which candidate could it be? >> bloomberg or biden. that's it. that's all he has right now. people keep talking about mayor pete as the new barack obama. i looked back in 2008 during the barack obama days. he's not the next barack obama. first of all, he's way too calculated. he really doesn't have a message. he's a chameleon in politics. and he's not a guy the bulk of the country can get behind. he changes his position left and right. barack obama was more of a moderate when he ran. he talked about things like securing the border. look at the old tapes. that is not the democratic party of today. he wants to save the party because they should have kicked bernie out a long time ago, right. they know he's a socialist but they need him to caucus with them in the senate and they were in danger, so they worshipped him for a little bit, they gave him some love. they should have destroyed him and not let him be part of the party. now he's coming back to bite them and he has aoc and the squad and let's be clear, he has the energy of the party, right. this is the base and if you depress that vote, they won't show up in the general election. these people want a revolution. they don't want incremental change. so barack obama either gets in or you lose the party. stuart: i think you just knocked the democrats out of the ballpark but that's another story entirely. i know you saw this. i want the viewers to see it again. this is the ripping up of the speech by nancy pelosi at the end of the president's presentation. there. we are just putting it on camera. you can see it. when i saw that, i was really shocked at that kind of theatri theatrics. what an insulting way for the president. how do you respond? >> i was shocked that she's finally letting this out. her and the president have this tumultuous relationship. they probably don't even have a relationship at all right now. but the president has always been the guy that everyone says he's not civil, right, he's nasty, he's mean. my argument has always been anybody that has insight and knowledge of washington, they all go back and forth. president trump is just honest about his point of view. but it was a bad move by her because she went down in the dirt and the people that were listed on that paper, talking about veterans, people that are dead, people that are fighting for school choice, and she didn't care anything about that. it was pre-planned and i think it's going to backfire and you know, her seat may be in danger. stuart: you are more animated today than i have ever seen you in a long, long time. it's a good thing. >> i'm really upset because when i look at the speech, it was not a partisan message. it was a pro-american -- i have never seen so many diverse groups of people that the president introduced and it was a story that was being told. it was a pro-american, diverse america, a melting pot america getting it right and the democrats refused to stand for it. they refused to stand for black unemployment being at record lows. they refused to stand for school choice because they are in the pockets of the teachers' union. they refused to stand for basic stories, for the border patrol. they refused to stand for our i.c.e. agents. that's a problem. i think it's going to hurt them in the next election. stuart: come back after the next primary, okay? you've got a seat whenever you want it, lad. thanks very much. appreciate it. let's get back to money. that would mean the market. lauren simonetti joins us. what we are looking at, we are up 250 on the dow. i would suggest that there's two positives today. news of maybe treatment and/or vaccine for the virus and 291,000 private sector jobs from adp this morning. lauren: that was a strong number. when you look under the hood, manufacturing added 10,000 jobs. construction added 47,000 jobs. those were the weak sectors of 2019. big growth for 2020. as far as coronavirus, we are compartmentalizing it. we were talking about casino stocks, why were they up when casinos are being shut down in macao. because the growth, the consumer is good that despite this coronavirus which will be temporary, the fundamentals remain the same. stuart: market's up. it was up 300. we will take a gain of 260. take a look at disney. they reported yesterday afternoon. they added 28.6 million new subscribers. that was in just a month and a half. the stock is down three bucks, $3.66, 2.5%. five million of the new subscribers get it for free. how about ford motor company? way down, negative outlook for the year. they say the virus is affecting their manufacturing and their sales, actually, in china. the stock's back to $8 per share. down 90 cents. look at general motors. they reported they lost $200 million in the fourth quarter because of that 40-day worker strike. that stock still around $34 a share. tesla, though, ouch. look at this. down huge today. it could be profit taking. i don't know what it is. but that thing is down huge. later this hour, andrew left, the short seller guy, why he's betting against tesla. maybe he's got something to do with a $117 selloff as of now. the president proudly talked about record job numbers for women. the female democrat lawmakers in attendance, though, did not want to acknowledge that feat. they stayed seated. tomi lahren is here later in the hour. she will talk about elizabeth warren, caught on tape doing something environmentalists probably wouldn't approve of. we will show it to you. and we have much more reaction to the state of the union address. the president says we have a blue collar boom. we've got kevin brady coming up. he's the top republican on the tax writing committee. i want to know about tax cuts 2.0. stay with us. this is the third hour of "varney & company." we are just getting heated up. ♪ ( ♪ ) this valentine's day, give her the gift that says, "you are my icon. you are my diamond." the marilyn monroe collection of fine jewelry. exclusively at zales, the diamonds are a girl's best friend store. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com since my election, the net worth of the bottom half of wage earners has increased by 47%, three times faster than the increase for the top 1%. after decades of flat and falling incomes, wages are rising fast and wonderfully, they are rising fastest for low income workers who have seen a 16% pay increase since my election. this is a blue collar boom. stuart: there you have it. the president talking about a blue collar boom. yes, we've got one. kevin brady, texas republican, with us. top tax writing guy on the ways and means committee. i think this blue collar boom is real and i think it was created by the president's tax cuts, your tax cuts. tell us about tax cuts 2.0. i am told that you're trying to lower the rate, the federal income tax rate, that middle income people pay. is that accurate? >> well, so the focus will be on middle class blue collar workers. that's where the president's heart is. i can't tell you how many times during tax reform he talked to me about what do we do for the middle class, what do we do about blue collar workers, how do we bring u.s. manufacturing and jobs back to the united states. that's why it was really satisfying to see the president talk about that blue collar boom, because it's his leadership and a republican congress instead of doing silly things like impeachment, focused on jobs and paychecks and competitiveness. 2.0, we are convinced that there's more growth to be had in the u.s. economy, with the right decisions and clearly, locking in the tax cuts for small businesses and families, really important. doing more for those blue collar workers and then we think, too, that america, american tax cut ought to be the number one most innovation friendly code on the planet because our competitors are really aggressive. stuart: you're looking at fiscal stimulus if president trump wins a second term and hopefully, wins back the house for the republicans. but is there any talk about how to pay for a middle class tax cut? >> yes, so the one thing i would say differently is that we are really not looking for stimulus, just loike the tax cut. we are looking to redesign our tax code to make it much more competitive certainly for the long term as well it already is but i think with six countries that have already lowered their business rates since we passed our tax cuts, some of them lower than us, we need to understand we're in a competitive world. america needs to continue to fight hard because those are where the blue collar jobs are coming from. stuart: when i looked at the speech last night, my judgment is the president won hands-down and my judgment was also that speaker pelosi, especially when she ripped up the speech, looked at the very least petulant. you were there. how did you see it? >> yeah, that was pretty childish. i don't think americans really think that's how -- i don't care how much you hate someone or don't like them, that's not how you act as speaker of the house. i don't think americans will reward her for it. but i was sort of stunned, look at those good economic news for lower middle income, the fact women are winning the jobs race for the first time, women of color are winning the jobs race and income inequality is actually shrinking for the first -- we ought to be celebrating lifting people out of poverty. that's something both parties ought to be supportive, as we work to do more of it but boy, you didn't see that at all last night. that was disappointing. stuart: got it. congressman kevin brady, see you again soon. thank you. >> thanks, stu. stuart: sure thing. legal weed. let's get the congressman off the screen. say good-bye to kevin brady before we start on legal weed. big hit in illinois. lauren: first month -- stuart: forgive me. lauren: first month that recreational marijuana is legal in illinois, brought in about $40 million. i bet it would have been even more if they didn't have supply problems. they limited sales a bit so all dispensaries couldn't get the product they needed. that number likely would have been bigger. reminder, the tax rate depends on exactly where you are in the state and what products you buy, but it's like 40%. stuart: really. lauren: 40%. stuart: for every hundred dollars you hand over, 40 bucks goes to the state? not the feds, to the state. that's a big hit. all right. wait a minute. i've got this on the prompter here. whoopi goldberg's cannabis company shutting down? ashley: apparently so. back in 2016, she launched whoopi and myer, a medicinal marijuana company. apparently they now want a divorce from each other and this company has struggled ironically because of all the regulations and taxes in california. when they first launched this company, it was a medical marijuana which was allowed in california, but prop 54 allowed adult use of recreational marijuana and folded in all the rowel rules that came with that which meant the company had to repackage, jump through a bunch of hoops and struggled to become profitable. whoopi says i'm out. you can carry on with the name if you like but i'm off the board and done. stuart: rules and regulations in california? can you imagine that. that's a revelation. okay. i've got some interesting video. i have not seen it. a plane ran off the runway at an airport in istanbul. it crashed. there were injuries. no deaths. ashley: split into three, apparently. no fatalities at this point. stuart: thank goodness. there you have it. istanbul, turkey. one more check of the big board. we are up 300 points. 29,111. i don't know how far away from a new record high we are, but we've got to be pretty close. of course, we are watching the trillion dollar club, companies with more than a trillion dollars worth of market value. amazon, the newest member. lots of big names making some serious big money. there you have it. ♪ he's a systems quarterback. where's the truck? 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(brakes squealing) what's happening? what? there's a half of cheesesteak back there. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. raccoon: i got the cheesesteak! 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 dvr'd shows and movies on the fly. even record from right where you are. whether you're 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. stuart: not quite the high of the day but not that far off. up 317 points, 1.1%. where's the ten-year treasury yield, he asks? the yield is 1.63%. where's the price of gold? i think it was up a little bit earlier. up six bucks, $1562 is your price. i'm going to guarantee that oil is at $51 a barrel. yes, it is. thank you very much. $51.49. the average price of gas in america is $2.46. i'll take it. it's heading south, actually. amazon, down a bit now, but they did hit an all-time high earlier. that all-time high was $2071.02. that was the number. they are still -- ashley: you know, this is -- this was fifth time lucky, if you read some of the history on this. four times they hit a trillion during the intraday but could never close. now they have done it after some great fourth quarter numbers that pushed them over the edge. stuart: i regret to say that google has retreated from the trillion dollar valuation. ashley: as lauren pointed out -- lauren: sorry to ruin the party. but you do have apple and microsoft there. stuart: let's go through maga, shall we? ashley: microsoft, apple, google, amazon. unfortunately, it's now gone from maga to maa. lauren: i really loonruined it. stuart: it was maga. i thought that was pretty cool. lauren: no one told me about that. that's great. we'll get it tomorrow. stuart: let me have a look at tesla. they were just falling off a cliff earlier. they're still down, $108. we have andrew left coming up on the show. he's shorting the stock. that means he's betting the price goes down. look, last time he was on the show, he was all in. he said the model 3 was destroying the competition. what changed? we'll ask him, because he's coming up. we are watching impeachment. president trump is going to be acquitted about 4:00 this afternoon. that's not stopping maxine waters from launching more and more investigations. we'll have one of her colleagues on the house financial services committee on the show. what's it like working with someone who wants to impeach the president until the cows come home? we'll be back. ♪ cologuard: colon cancer screening for people 45 plus at average risk. some things are harder than you thought. and others are easier. like screening for colon cancer with me, cologuard. i'm noninvasive and you use me at home. i'm also effective. i find 92% of colon cancers using dna in your stool. so why wait? cologuard is not for those at high risk for colon cancer. false positive and negative results may occur. ask your healthcare provider if cologuard is right for you. most insured patients pay $0. i am not for ignoring the first sign of a cold. i am for shortening my cold, with zicam! zicam is completely different. unlike most other cold medicines, zicam is clinically proven to shorten colds. i am a zifan for zicam! oral or nasal. stuart: the news is this. we're holding on to a 300 point gain for the dow jones industrial average and a big gain for the s&p and nasdaq as well. you better look at tesla. way down today. it's been on a tear recently but is down today $118. here's what citron research andrew left's firm tweeted yesterday. i will read it. we love tesla and promised never to short again. but when the computers start driving the market, we believe even elon would short the stock here if he was a fund manager. this is no longer about the technology. it has become the new wall street casino. andrew left, the man who wrote that tweet there, is with us now. you know, you were a long time ago, you were shorting the stock. then you kind of liked it. now you don't like it. what's going on here? >> so years ago i was short. then i completely changed my opinion around a year and a half ago when i understood the business more. the stock was around $280. i still think it's a great company, a great business, but what's happened to the stock recently, i think this is the last time i spoke to you, the stock added on $50 billion of market cap as of yesterday. that's when the computers are just taking over the trading. so when you hear about all the exude e computerized trading or algorithms, that's what you are seeing. the reason i said even elon would short it, elon musk is the master of artificial intelligence and understands artificial intelligence. when your stock is being bid up artificially, he would get that. let's remember one thing. they raised capital, almost $3 billion, only eight months ago at around 250 so as miraculous as the run has been, yesterday i put out that tweet, i think the stock was around $860, $870, it was a little carried away. stuart: so how far down do you think it's going to go before it returns to normal, for example? >> i think the volatility is going to die down real soon. you know, does it settle in between 650, 750, 750 and 850, within this 10%, 15% range maybe. the key thing is the volatility. you're not going to wake up every day and have this up or down $100. you will see what the volume dries up. stuart: have you become a musk fan? yeah? >> absolutely. absolutely. how can you not? stuart: okay. good question. i don't have an answer for you. but i didn't always feel that way. >> listen, not at all. he actually, he walked the walk and he talks the talk. he said what he's going to do, he delivered on it, he created a monster auto company who is completely destroying his competition. he's done on a global scale, also, in the middle of a trade war, he's made good with the chinese, exported the technology there. he's done it. so you have to give him credit. stuart: i most certainly will. take my hat off to him, actually. elon actually responded to your last appearance on the show. short tweet. take a look at it. he said i appreciate the kind words. okay. good stuff. have you had any other contact with elon since then? >> absolutely not. it's very nice of him to say that. he deserves the credit but i think the stock is still a little overheated right now and you know, i'm sure even he's looking forward to, you can imagine his employees just looking at the stock quote all day long. it's probably better to have the volatility die down for the company so it can grow properly. stuart: want to turn real fast to peloton. their earnings come out later on today. the stock's at 32 bucks a share as of right now. you were on this program saying that thing's really going to sink. i think you were saying maybe all the way down to $5 or $10 a share. are you sticking with that? >> oh, a hundred percent. again, it's a market dynamic, matter of the flow. no matter how good the earnings are, it should go lower. at the end of the day, why can't peloton be a good company and be a $2 billion company? there's no reason peloton should be anything close to a $9 billion or $10 billion company. if you like the product, i can like my peloton but the stock still goes lower. stuart: andrew left, straightforward and to the point. we like that. thanks very much. see you again soon. thank you. president trump will be acquitted. i can confidently say that, on the impeachment charges, about 4:00 this afternoon. some democrats won't accept that. here's what congresswoman maxine waters has to say about it. roll tape. >> we will not stop. whether or not that leads to another impeachment activity, i don't know, but i know we must continue with the work that our constituents have elected us to come to congress to do. stuart: all right. come in, congressman. member of the house financial services committee which is chaired by maxine waters. what do you have to say about all this? what's it like? how does that committee work when the chair wants to unseat the president of the united states? >> yeah. it gets awkward, quite honestly, when she's saying that this is what her constituents elected her to do, the work they elected her to do, i actually believe she acts sometimes like impeachment is the work that she believes is first and foremost importance rather than the work of the financial services committee, because you see this time and time and time again, where whether it's her or al green, who happens to be on the committee or even speaker pelosi, who are talking about hey, if we didn't get him this time, we will come back again for another bite at that apple. that is just so unproductive it's not even funny. stuart: well said, sir. now, you were on air force one with the president when he flew to michigan to tout usmca last week. >> yeah. stuart: hold on a second. i just want you to take a look at nancy pelosi's reaction when the president mentioned usmca in the speech last night. watch this. >> many politicians came and went pledging to change or replace nafta only to do so and then absolutely nothing happened. but unlike so many who came before me, i keep my promises. we did our job. stuart: that was a sort of dismissive shake of the head, the closing of the eyes. your reaction, please. >> well, nancy pelosi looked like she was going through the san francisco chronicle last night as the president is doing his speech and she's paging through looking like she was lost trying to find the comics or something. i mean, it was just unbelievable. and you know, here's the thing. people like myself and a number of others including democrats have been calling on the speaker to have a vote on usmca for over a year because we knew it would pass, we know that for us in michigan it is hugely beneficial for both our agricultural community as well as our manufacturing, especially our auto manufacturers, and it is time to get on with it. i know it's hard for her to admit that the president actually had a win and did something positive, but that's the reality of it. stuart: okay. congressman, i've got to run because i've got some breaking news happening. sir, thanks for being come back. thank you. this is the breaking news i've got for you from major league baseball. pete rose, he was just on the show, he's asked for his lifetime ban from baseball to end. he just talked about the astros on this show. lauren: just last week. he told you that in his opinion, sign stealing is worse than gambling which got him in trouble and also steroids or performance-enhancing drugs. watch. stuart: sign stealing or gambling on the game, which is worse? >> steroids. stuart: well, all right. i will throw that in as well. which is worse? sign stealing, steroids or gambling? >> i would think they are all three bad, stu, okay, but i think gambling would be third on that list unless you're talking about gambling against your team. you're talking about gambling on your team, which is what i did, i tried to win every game the best way i could. okay? but they are all three bad. ashley: he says it's disproportionate to the deal he's being handed as opposed to the sign stealing, the steroid use and 30 and a half years, he's the all-time hits leader, he's sent a petition to the major league baseball baseball commissioner outlining his case. stuart: do you have an opinion on it? should he be in? ashley: a very difficult one because gambling in any form, i know he said he only bet on his team to win but it's kind of -- it looks -- stuart: hard to deny the man when he's the all-time hits leader. ashley: that's a hard thing to deny. it is. stuart: let's move on. i won't press you. nike, they are warning that the outbreak in china, the virus, is affecting their operations there. the stock is down just $1.20. royal caribbean cruise line, the outbreak is forcing them to cancel more cruises. nonetheless, the stock is up a buck. uber, they report profits tomorrow. they have been creeping up gradually. okay, they are down a buck today but they are keeping close to the $40 level. they report shortly. back to the president's speech last night. on your screens now, the women in white. they are the democrats who took the time to celebrate women's suffrage but not how well women are doing in the trump economy. tomi lahren is on next. i bet she's got something to say about that. a new video shows elizabeth warren appearing to hide from the camera behind an aide. what's she hiding for? you will figure it out when you see the tape. ♪ alexa, tell me about neptune's sorrow. it's a masterstroke of heartache and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. and let me tell you something, rodeo... lease the 2020 nx 300 for $359 a month for 36 months. i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk -- to plant new trees in america and all around the wo d world. stuart: okay. what you saw there were the women in white, female members of congress, who dressed in white for the supfrage movement. they were celebrating the suffrage movement but they did not stand when news came of the extremely low unemployment rate for women. tomi lahren is with us, fox nation host. what's your reaction to the women in white? >> well, it's pretty typical. again, i don't know why they were wearing white. they didn't all wear white. we saw kamala harris was dressed in her steve jobs attire. so not everybody wore their white. but yes, you're not going to stand for the success of the american people -- stuart: what's steve jobs attire? >> turtleneck blazer. check it out. it was a shining moment. i was actually proud of her because she didn't follow the crowd. but the rest of them, you know, we expected them not to clap for low unemployment across minority groups, disabled americans. you think women in the work force, you're celebrating suffrage, celebrating feminism and you can't even clap for that. stuart: you can't clap for anything the president does. you cannot acknowledge any success. not you, but the left. the left cannot acknowledge anything good about president trump, period. >> even if it helps the american people. so we said it time and time again. the democrats seem to really root against the united states of america and they say oh, that's not fair to have the patriotism test. look how they act. look at nancy pelosi ripping basically the american dreams and the stories of so many wonderful americans on both sides of the aisle, i'm sure, rips it in half. that's just a testament to their petty childish behavior all because they are obsessed with and hate this president that they can't beat. stuart: look, i wanted president trump to go after the left last night, to really chase them down, because they have been bad-mouthing the president, they have been bad-mouthing america, bad-mouthing trump's supporters, calling them racists and bigots. i wanted the president to go after them but he didn't. he backed off from that. do you approve of that? >> i do, because i think you let your success speak for itself. everybody knows the impeachment is a sham. everyone knows they couldn't even handle an iowa caucus. at this point, they speak for themselves, their failures speak very loudly and president trump's accomplishments stand on their own. i was happy he highlighted them although he did go after them on their affinity for illegal immigration and health care, especially paying for that health care. i was happy he took that little jab and reminded people the dangerous sanctuary cities as well. stuart: it wasn't such a little jab. >> it was just a fact. the facts speak for themselves. stuart: i've got another one for you. senator elizabeth warren was seen stepping off a private jet. i think we've got this. she looks like she's hiding, as soon as she realizes there's a camera there, she dodges behind an aide and sort of stays behind the aide, continues to move very cautiously so she's not on camera. there you have it. what's she hiding? why is she hiding? >> i think she's hiding her contribution to climate change and her elitest attitude. that's the funny thing, aside from the fact she's riding on a private jet. beyond that, they are talking about taking high-paying jobs away from people in the fossil fuel industry but then elizabeth warren is okay to ride in a private jet because it helps her lifestyle and it's more convenient for her. excuse me. someone call greta thunberg because elizabeth warren might have a problem with you. stuart: you are a millenial? >> i am. stuart: i have news about millenials buying more homes than ever before, i'm told. is that right? lauren: realtor.com says millenials will take out more mortgages this year than gen-x and baby boomers combined. responsible for 50% plus of all mortgage origination. they also say millenials' down payments are larger than they have ever been before. i don't have a sum on that and i have contacted realtor.com. how big is this down payment? because we did this story just a few days ago that a quarter of millenials have $100,000. stuart: that's right. a quarter of millenials have got $100,000. they are buying more homes than a couple other generations combined. i thought you guys were supposed to be broke? >> we are supposed to be broke but you know, again, is this trump's economy doing wonderful things for millenials? you have consumer confidence and buyer confidence at higher levels than we have seen in the last eight years. perhaps even the millenials that say they hate this president are reaping the benefits of an economy under this president. good for millenials. a study also came out we are intimidated by plants and ownership of plants so i'm glad homes don't intimidate us as much as greenery. stuart: wait, wait, wait. what? >> millenials intimidated by owning a plant. it's too much pressure and too much work to own a plant. stuart: utter nonsense. >> not according to a new study. stuart: utter nonsense. >> we can be homeowners but not plant parents. lauren: and eventually parents. if you can keep a plant alive. >> i think we should start with a plant and maybe move to pets before we enter that. hey, we are owning homes now. good for millenials. i'm happy they are out of their mother's basement. it's a move in the right direction. stuart: well said. tomi, thanks for being on the show. good going on fox nation. appreciate it. all right. we've got one more -- where are you? you are over there. one more story from the state of the union. president trump says the world is safer without iran's suleimani in it. he said his reign of terror, suleimani's, was over. what did the democrats do? no applause, no appreciation, nothing. congressman barry lowdermilk, one of our top military guys, sounds off on that next. and we get his thoughts on this moment from last night as well. the president honored a 100-year-old tuskegee airman. more on that for you as well. that man is 100 years old. out of sight. ♪ there's a company that's talked to even more real people than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. 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[ indistinct talking ] with an app that's changing the way we do money. download robinhood now. sitting behind here tonight is his greatest hero of them all, charles mcgee was born in cleveland, ohio one century ago. charles is one of the last surviving tuskegee airmen, the first black fighter pilots, and he also happens to be ian's great grandfather. on december 7th, charles celebrated his 100th birthday. a few weeks ago, he signed a bill promoting charles mcgee to brigadier general and earlier today, i pinned the stars on his shoulders in the oval office. general mcgee, our nation salutes you. thank you, sir. stuart: i wish we could have seen him because he is an amazing 100-year-old guy. bring in air force veteran republican congressman barry lowdermilk of georgia. what was your reaction? >> i was extremely proud but my first thought was, stuart, was i hope i get to 100 and if i'm 100, i hope i'm in as good a shape as he is. it was incredible to see him. the other thing was to think that even though it was 1919 when he was born, he was born on pearl harbor day, which would be one of the turning points in american history, then for him to go on and do what he's done, look, these tuskegee airmen, when i was in the air force we studied intently about them. chappy james was one of the heroes of the air force, first african-american to achieve the rank of four-star in 1975. but these guys not only went to face the horrors of war and fight against naziism in africa and europe, they had to fight discrimination right here at home, and so they are true american heroes. to have him there last night, to have a tuskegee airman, i remember seeing him on the field during the super bowl. that was an inspirational moment. stuart: just terrific, wasn't it. now, the president also spoke about fighting terrorism. hold on a second, congressman. let the audience watch this. roll tape, please. >> the u.s. military executed a flawless precision strike that killed suleimani and terminated his evil reign of terror forever. stuart: congressman, did you see the crowd there? nancy pelosi and the rest of the democrats ignored the success in knocking out suleimani. what's your response to that? >> it was embarrassing. a lot of their actions were embarrassing last night, from her tearing up the speech at the end to sitting on their hands at things that should unite us. look, democrats back home in georgia, i have talked to them, they are celebrating taking out of suleimani. this is the first time since i would say ronald reagan that iran is actually concerned about the future of their regime, because we showed we can take out a significant leader. look, this guy was the close friend of their supreme leader for 20 years, and we were able to not only take him out but our intelligence has grown back to being so, so precise and so good, we knew where he was going to be, at what time he would be there and exactly how to take him out. that's struck fear in the heart of the iran leadership and the regime. i believe this is going to bring them to the negotiating table. stuart: i think it will, too. congressman loudermilk, thanks very much for joining us. we appreciate your service. yes, sir, we do. thank you. >> thank you. stuart: more "varney" after this. ♪ ♪ . . many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com stuart: ash, urn saying tesla down 124 bucks. worst performance -- in six years. going back to 2013. it continues the drone, down 14%. if that continues through the recession, worst performance in more than six years. stuart: phenomenal run-up. >> more than doubled. stuart: more than doubled this month. lauren: this year, since beginning of the year. more than doubled. coming back down to earth. stuart: 762. okay. how about this one? match group? they have got a few dating apps, down, way down. they're not bringing in as much money as they would like to bring in. the stock's down 7%. how about that? the valentine's day just around the corner. i would have thought it would be other way around. i thought valentine's day brought out the matchmakers but apparently not. what is this? e-commerce site, analytic firm, eight capital raised the stock price target. they say it will go up to 525. that is shopify. it is down 2.3%. am done, they're down today. they hit an all-time high earlier this morning of 2071.02. that was the all-time high but they're down now. have they dropped out of the trillion dollar club? amazon hasn't. ashley: google has. lauren: checking you're doing all the red stocks. the stocks in the red when the market is up 332 points. 200 points away from all-time high on the dow, at a record high for the nasdaq. if s&p gains five points you have a record close there as well. thanks for pointing out the red. stuart: i'm sorry. ashley: take that. amazon is still a trillion. stuart: it you're absolutely right. this is huge up day. why on earth are we concentrating on red arrows going down. lauren: just saying. ashley: nasdaq turned negative, unlike the dow. big tech. stuart: 33.33, just a moment there. lauren, thank you very much. showed me how to do the math. ash, you're all right. ash ash thank you. stuart: stuart, it is yours. neil: big catalyst for a lot of this, strength what is happening in the private sector arena. in other words, what is happening in regular corporate america, leaving aside manufacturing. that had an unexpected up tick. strongest up tick we've seen better part of five years. more on that in a second. all of this is ignoring the d.c. partisanship clearly on full display. i won't shake your hand, so you will rip up my speech. to blake burman who has done a lot worse. he is outside of the white house. reporter: neil, you didn't even have to listen to the state of the union address to question how anything might get done in washington here over

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