brand-new high right there and the nasdaq, poised for another 30%, 30-point gain, 9,000, getting close to 9,300 actually, the latest rally very well received the china trade deal, signals new economic relationship between world's two biggest economists, formers, manufacturers, tech companies and they all get help with this and the economy likely insulated from my threat of recession this year. there's more trade help on the way for the market as well, mitch mcconnell says the senate will pass usmca legislation at 11:00 o'clock eastern time this morning, so in a matter of days, america concluded deals with four new partners, méxico, canada, china, japan, all good stuff and there's a lot more to come, here is a tease for you n a moment you will hear exactly what senator warren said to senator sanders in the heated exchange right after the debate, you know, it's fascinating to hear socialists call each other liars, stay right there, it's coming for you, promise, varney & company is about to begin. ♪ ♪ >> i think you called me a national liar on national tv. >> what? >> you called me a national liar. >> i don't want to get in the middle, i just want to say, hi, bernie. >> good, okay. stuart: who is that billionaire? >> tom steyer. when parents are fighting and you say, look, dad, i drew a fire truck. [laughter] stuart: we shouldn't be laughing like that, but i am, holland hill can with us, what you saw was dramatic split within the democrat party between progressives and the split is bigger, the whole party is split, they are split along ideological lines. there's a war, there's a civil war but should never play out in a personal way on on national television the way that elizabeth warren has tried to do here and this isn't about being offended, the fact that she's dropped 8 points in nevada, plummeted in iowa and she's seeing her path to victory to democratic nomination getting very narrow and this is her way of elevating herself to the top of the discussion in that debate, otherwise she was irrelevant. stuart: reminds me of the split back in 2015, 2016 between hillary and bernie that was a bitter fight. >> this is even worse, if you're confronting bernie sanders on stage like that, i mean, that was brutal and it was embarrassing and unprofessional and a party that needs to demonstrate unity at this point, they're just continue to go rip themselves apart. it's getting worse. stuart: you love it. >> well, yeah. [laughter] stuart: wait a second, the senate is going to pass, what, the north american free trade deal coming up at 11:00 o'clock this morning, but, you know, the democrats keep claiming that they could do a better job, they can do better job, listen. >> we can do much better than trade deal. >> this new trade deal is modest improvement. it will give relief to farmers, it will give some relief to workers, i believe we accept that relief and we get up the next day and fight for a better trade deal. >> yes, it has been improved, it is not perfect. >> they'll be no trade agreements signed in my administration without environmental, environmentalists and labor at the table. stuart: what do you say that, holland hill? >> no trade deal signed in his administration, the leadership have heard people in the midwest clambering for some solution to their communities being gutted by trade deals that send their jobs to china while simultaneously importing the cheap labor that drives down wages, both parties have had a chance for decade to come up with a solution and joe biden when he was in the white house, they did nothing, it got worse, trade deficits spiraled out of control, immigration continue today pour across the border driving down wages, democrats aren't going to do about this, the first president that has the gut to do this in decades was donald trump. stuart: when you first came to this program you were a bernie supporter? >> i was. i'm a working class, that's who i want to advocate for and bernie spoke to that and i was a democrat and i didn't like anything that he said but between him and hillary clinton it was a binary choice, they are getting increasingly radicalized and obsessed with the culture and politics of division, dividing us racial lines. not only a supporter but work for the president's reelection campaign and work every day to help reelect him. stuart: holland hill, welcome back, here in new york. >> absolutely. stuart: the president just tweeted moments ago, one of the greatest trade deals ever made also good for china, our long-term relationship, $250 billion will be coming back to our country and we are now in great position for phase 2 start, never anything like this in u.s. history, usmca, it's right there, it'll pass the senate at 11:00 o'clock this morning, usmca, look at futures holding up nicely, thank you very much, indeed, 8 on the dow, 10 on the s&p and 3 on the nasdaq, gary, market watcher of the day joins us now, the rule surely when you have a melt-up situation, get out the way, is that right? >> yeah, or you get run over or if you are stocks like tesla, you're getting murdered. combination of tons of cash, accelerating economy, earnings are coming back and central bank liquidity is doing the way, by the way seasonality, the bear market is the last thing half an hour right now and until that changes, you go with it. stuart: what do you make of the suggestion from larry kudlow that there may be tax cuts coming either this year, if you can get them through congress, or next year after the election of donald trump, is that a plus for both the economy and the market? >> well, it's zero chance this year, but if the republicans can get the house next year, keep the senate and the presidency, i suspect they will put more on the table and, look, all you need to go back is the last 3 years what happened with the economy and why it really accelerated, tax cuts and big regulatory cuts, letting the economy keep more of its capital throughout history it's worked and working well again, that going forward, nothing but good news for the economy. stuart: 30,000 on the dow, when, gary? >> 2:00 p.m. [laughter] >> i think we are going not withstanding, we have to get scare days soon and we have to have down days, only 3, 3 and a half percent at this point, probably this quarter or the quarter after and then we will take it from there day by day, for me it's about earnings reports, earnings look okay, nothing special. stuart: gary, thanks for being was, see you soon. look at lulu lemon, they came out with rosy forecast, the stock is up another buck 40 at $2.44 a share, as for target it's upper just a fraction, 24 cents, it was way down yesterday after reporting weak holiday sales, not much of a comeback for target, we are still moving higher for all 3 averages, nearly 90 for the dow, 11 for the s&p, 35 now for the nasdaq, it's onward and upward for president trump, he signed the china trade deal, now he's working on those tax cut, tax cuts 2.0, hope to go -- hoping to roll it out during the campaign, more trouble harry prince and meghan markle telling them they're not welcome there, i don't know why but we will find out, now we will bring speaker pelosi on impeachment, roll tape. >> and it would be done in fairway, in a way that's solemn, prayerful, i solemnly and sadly open the debate on the impeachment of the president. stuart: so why is a somber and prayerful speaker smiling while signing articles of impeachment? get this she was handling out commemorative pens in gold, yeah, we will have more of this after the break, ashley, that's a promise, we will be back. stuart: the tax credit for tesla buyers ended in california at the end of last year, now we find that new tesla registrations in california are being cut in half, that's not helping the stock premarket, it's down whopping $23, 4 and a half percent. speaker pelosi as we've showed you not sounding so solemn about the impeachment process, roll the tape, please. >> the integrity of our election has taken us to this place. we were making progress for the american people, progress in support of our constitution. make it very clear, this president will be held accountable. stuart: i meant to show you speaker pelosi joined the signing ceremony all smiles, signing commemorative pens, taking selfies with impeachment managers. i honestly didn't kind of like that for a solemn occasion, congressman republican from alabama joins us now, i didn't like it, i just thought that was wrong, what about you? >> good morning, stuart, well, basically it's this, the socialist democrats' hypocrisy and deceit knows no limits, they have been lusting over the impeachment of donald trump since before he was even sworn into office, it was an election, theories fell apart and they have ukraine hoax that does not meet the constitutional requirement, treason, bribery, high crimes or misdemeanors, yet they are forcing it on the american people with allies, cnn,msnbc and other left-wing outlets in the mainstream media. stuart: what do you expect in the senate? >> i hope that we will have justice and a fair trial, whatever that might be, let me be clear about something involved in the constitution, the constitution does not allow congress to lightly trash the votes of the people who have elected a president of the united states, so the framers of the constitution set a high bar, it has to be treason, it has to be bribery and can't just be any crime or misdemeanor, it has to be what's called a high crime or misdemeanor and what is the word high mean under these circumstances, it means the betrayal of the united states of america in favor of a foreign power, if you look at the articles of impeachment, they have failed to make out a case for that constitutional requirement and as such it ought to be dismissed but maybe they will go pass the dismissal stage and have actual trial with witnesses and i will differ to the good judgment of senate colleagues but what the democrats are doing is a sham and effort to trash - 0 million votes -- 60 million votes. stuart: you sound angry. >> everyone is angry about the effort to defraud the american people and to trash the lawful votes of over 60 million americans, yet the socialist democrats seem to believe they can do this with impunity, i hope that the voters will take them to task in 2020, time will well. >> congressman brooks, alabama, good to see you. >> my pleasure. stuart: yes, sir, republicans calling for democrat senators running the presidency, the republicans want them to remove from impeachment process. >> literally they cannot sit in judgment on the very president they seek to replace, we will show you candidates she's referring to. senator sanders, klobuchar, warren and michael bennett, we don't talk about that much but there he is as well, she's saying how can they really be impartial in any kind of vote, senators by the way to be sworn in by justice roberts and nobody really expects them to recuse themselves, however, she's making the point. stuart: she's making the point, they'll be tied up in the senate for the duration of the trail. >> some have said is that going to benefit the front runner joe biden, yes or no. stuart: might be a way of tamping down the argument with elizabeth warren and bernie sanders, who knows. we are on the subject of impeachment and listen to this, jeopardy contestants could not identify house intelligence chair adam schiff. ashley: hilarious, should have been under the recovery most forgettable lawmakers but category u.s. representatives and the clue was 153rd of california house delegation, they showed the picture, cricket, cricket, 12,000-dollar clue. yes. >> intelligence committee chairman. his name is adam schiff. [laughter] >> by the way, let's play, we should explain the sound on the tape. stuart: yes, sorry. >> this would have been from october but he was very much in the news and so on and on and didn't register. those contestants are supposed to be way up on all kinds of -- >> they are amazing. stuart: adam schiff is a california congressman, represent part of la and santa barbara. >> that's no excuse. most unforgettable lawmaker. that's the category. that would be funny. stuart: let's move on, look at futures, we moved up a little bit more now we are up about 90 for the dow, 34 for the nasdaq, remember when elizabeth warren falsely claimed that she was fired for being pregnant, we have the sound. >> i was visibly pregnant, wished me luck and hired someone else for the job, i was visibly pregnant, wished me luck and hired someone else. i was visibly pregnant and he wished me luck and hired somebody else for the job. stuart: why should we believe her claims that bernie sanders said a woman can't be president. yeah, we are all over this one all day today. hey, saved you a seat. this round's on me. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com car vending machines and buying a car 100% online.vented now we've created a brand new way for you to sell your car. whether it's a year old or a few years old, we want to buy your car. so go to carvana and enter your license plate, answer a few questions, and our techno-wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot, and pick up your car. that's it. so ditch the old way of selling your car, and say hello to the new way-- at carvana. >> the president directed me to produce what we are calling tax cuts 2.0. it will be published sometime during the campaign as a message for future trump economic growth policies, it's on middle class, i don't want to do any specifics because there are no specifics and we are pulling it together. stuart: okay, no specifics, but we do have some idea of the kind of tax cuts. >> our sources are saying reduce payroll taxes but you heard larry kudlow say this is meant to help the middle class if, in fact, it it is put through, it'll be part of it and in earned income tax credit being increased and, again, the point to support the middle class, remember in 2017 when the trump administration last big tax act, people said, great, that helps corporations which it did and helped rich people, didn't do enough for the middle class in theory this is the answer to that, details will be released during the presidential campaign. >> i'm sure they will. look what you get. next tuesday world economic forum kicks off in duvos, i'm not going to be there but the president will be. ashley: the president is expected to go, the last time he was expected to go you remember he had to cancel because the government was shut down, this time he's expected to be there. ironically, though, by coincidence iran's foreign minister decide today cancel, it's going to be all about the green revolution, the threat of climate change, greta thunberg will be there, i wonder if she will throw auditory look at the president. stuart: we will be up right from the get-go, new records coming almost across the board here, stay tune for this. ♪ ♪ ♪ ♪ ♪ stuart: seconds away from the opening of this market, jack is with us, dierdre and ashley webster. [laughter] stuart: jack to you first, it took 40 trading days to go to 28 to 29,000. >> yeah, only a few percent. >> i stuart: i ask when do we hit it. are stuart right from the get-go we are up 120 points. it's a sea of green, all-time for the dow. we are up 138,000, 29165. >> can i revise my forecast? stuart: show me s&p, yes, it is, 3,300 on the s&p, straight up. half percentage point gain, not bad, how about the nasdaq composite, this is how we find out how good is technology. very well is the answer, 4.57%, all-time highs, all the cross the board. ashley: we have trade deals done and usmca coming up and latest data continues to be strong, as gary kalbaum says get out of the way. stuart: nasdaq above 3,900. china trade deal signed yesterday, tax cuts being dangled in front of the electorate for this current year, anything to add? [laughter] >> that's good enough, right. i would add that prices are not crazy, people are calling this the melt-up, this is no melt-up. we can always point to a couple of instances but for the market as a whole -- >> have been building for the past decade, layer on top of last year's results so we are moving gently higher. >> it's been a good january, has it not? now we are up 150 points on the dow industrials, google, look at that, 1443 is your price on google, if it gains another 2 bucks that's a new trillion dollar company, the third american trillion dollar american behind apple and microsoft, that is a new all-time high for microsoft, 164,029. can you saw me big techs, they are all up on fabulous run, amazon is up 16 bucks, microsoft as we told you, apple now at 3.14. all right, jack, can the big tech-runup continue at this pace. >> amazon will be the biggest cast generator in america in just 3 or 4 years, it's going past apple most likely, apple's valuation is getting up there, it's not the fast-grower it used to be, you mentioned alphabet, facebook, show me companies with this valuation that are growing this quickly, companies that can grow the top line. >> microsoft you talked about and apple they are ear buds which sold amazingly well. >> microsoft at 164 and i sold most of the stuff, 159. stuart: 5 bucks per share. >> i'm sure you still have somewhere. i hear you. [laughter] stuart: can you put that up there, it's way down, below 500 points and you will tell me why. ashley: registrations in california which is a bellwether for the rest of the country, down 46.5% in the last quarter year over year, 7500 bucks now gone away, once you hit 200,000 sales of your car those credits starting to away, the tax benefits have gone away and registrations have gone way down. >> i think they caught a downgrade from morgan stanley, i haven't seen the note yet, there might be another analyst coming out. >> you tell me about twitter, you have a new piece in barons that says they'll be a big move one way or the other on earnings day. >> what i could tell you before this is an earning's day drama case. 85% of quarterly result the stock was up 7 percentage points, it goes up or down, earnings coming up. >> to me the question is who buys twitter. stuart: that's a history lesson, what the stock did on earnings day in the past, you tell me what it's going to do on earnings day this year. >> i'm not turning bullish on twitter here. i wrote, they have not been spending enough on product development, they are spending, we don't scold people for spending too little, twitter has been spending too little on its product rather than social media companies and risk on falling behind. >> so many people are concerned there's so much vitriol that it's hard to have it be mass adopted, i love it as a journalist but i also understand if i weren't. >> also i recently started tweeting so you know the thing has peaked. stuart: will be introduced shortly and gasped on what's going on. check the big board, what a day this is, now we are up 168 points, way more than a half percentage point, 29,200, that's where we are, the 10-year treasury yield, i've not seen this yet, 180, so the money is coming out of bonds and going into the risk area of equities, have i got that right? ashley: yeah. stuart: check the price of gold, i don't know if it's up or down, 15.52, the price of oil, 57.58. 58 up a fraction, and signet, that's a jeweler company, why don't i know that, all the jewelry that i have bought in my lifetime. >> well, it's not you, i'm sure you've done for the category, the stock melt-up, largest one-day gain in quarter of a century, think about that huge, 35%, almost 36% as you can see right here, why, holiday e-commerce sales, they are raising guidance for the fourth quarter top and bottom line, they see good things coming but this kind of gain on that kind of news, wow, we just got good news across the board down here and that's why you are seeing the dow on fire, s&p on fire, i have to tell you everybody down here in good mood. >> glad to see that you're buying a good time down there. serious stuff, comcast, nbc universal set to show its streaming services to investors today. what do i get? >> this would be interesting to watch, there's two tracks, one track is free, but you will have to watch some ads, so this is kind of the experimental part of it. the other track is you're going pay something most analysts say somewhere between 5 and $10 a month for no ads. stuart: what content? >> at the end of this year, you get parks and rec, the tonight show, olympics coverage. >> you're not excited about that? stuart: no. >> a reboot of of punky brewster or saved by the bell? streaming, let's see what happens. stuart: i'm sorry, i have to squeeze in the new zealander, thank you very much, indeed, thanks everybody else, what have i got now, for the first time, here it is, the new zealander's introduction, coca-cola poweraid brand, permanent resident of the great country, are you? >> absolutely. stuart: good choice. let's get serious here, you a new line of drinks and they are not bubbly drinks, they are stills, are you jumping on the healthcare band wagon with us? >> yeah, look, we see really dynamic growth right across the market in north america and sports drinks is the forefront for us, you know, it's a dynamic market, a lot of growth and a lot of different categories and specifically on poweraid it's exciting day as you see it. stuart: are you playing catch-up? >> we see real growth opportunity in sports market, it's been consistently growing, we see accelerating in the future and as you said for the first time in 13 years we are launching brand-new platforms in the products and the first one is called power water. >> power water. [laughter] stuart: what's in power water. >> genuine sports drinks, low on calorie, and be vitamins. stuart: what does power water taste like? >> it comes in 3 terrific flavors, it's flavorful zero calorie free sports drink and what we are seeing in the market, we look at the sports market and we have seen it evolving quickly but maybe traditional sports drinks not and, you know, we have seen a couple of big dynamics, one is a growth probably in the activity you and i are doing, more sort of casual athletic. stuart: speak for yourself, son. >> maybe cross fit. i'm giving you the benefit of the doubt here. [laughter] >> we have seen that grow, the ambition for it grow. >> i don't know, we are out of time. [laughter] stuart: i should introduce you to my grandchildren from new zealand, can't understand a word they say. what's the name? >> power water and poweraid ultra, so real next generation support product. stuart: you've got it, we are showing you video of what happened, what was actually said after that debate between senators warren and sanders, we will have that all out for you in just a moment, we will be back. hey you dang woodchucks, quit chucking my wood! geico. fifteen minutes could save you fifteen percent or more on car insurance. stuart: we have to recap the market and frequently so, please, it has gotten straight up this morning, new record highs, we were above 29,200, a couple of individual stocks to take a look at, how about morgan stanley, they gave a rosy forecast, the stock is 7%, huge gain for stock like that. target, we talked it audiotape, actually, all through the holidays but then yesterday they reported that they had weak holiday sales, retail industry, we call him mr. retail, he's back with us, what happened to target? i mean, they came down sharply, weak holiday sales, weren't expecting that. >> well, i wouldn't worry about target as we saw in this morning's retail sales report, the consumer is still on fire, sales came in over 3-month quarter, 4% increase year over year which is what we have been talking about here for month after month, so very strong consumer overall, at target the results were impacted particularly by toys and electronics, toys are actually declining year over year across the market, the market still hasn't absorbed and haven't found way to create that kind of demand and excitement as years past, they didn't add new products, target was flat in toys but they gained share in toy department, reflective of share loss to other people including best buy and amazon, but target is going to be fine, they were still positive, they reconfirmed their guidance for the year, i'm not worried about target at all. >> okay, now talk to me about lulu lemon, they came out with a rosy forecast, strong sales, the stock is actually down a tinny fraction, overall that thing has gone straight up, what is lulu lemon doing that is so right? >> they are in the one segment of apparel that's really doing great which is the leisure athletic apparel, shoes and apparel have been strong all along, they continue to be strong, they control their distribution, they don't have to worry about the internet, the internet is their friend, they are growing on the internet because it's their product, they are doing great. stuart: i just didn't see that coming, i wrote them off as yoga pants people. >> they have been doing this year after year. stuart: i have to get out more, this is very true. you've been a toy guy, is that a good strategy, do you think? >> sure, that'll be great. build a bear has issues, birthday party at the same place. before long, you will see baby yoda action figures, baby yoda everything. they we wanted to keep it a surprise and not tell anyone about it, i think you will see so many baby yoda products that it'll be the biggest things since cabbage patch doll. stuart: take a look at nike, one of their shoes may be banned by world athletic, let me ask you why? >> unfair advantage, the world athletic's organization to runners because they are foam and carbon and springs, propels, the first person break a 2-hour mark in marathon, another one beat record by 1 second, both wearing the shows, so the argument is, okay, the shoes are unfair, if you look at sailing or skiing, it accounts as well, there's pushback. stuart: okay, banned from international competition f i'm a runner, jogger i like a little extra advantage, what's wrong with that? >> everybody wants, it's going sell like crazy, eventually sporting goods governing bodies, they always catch up on this, i remember when they came out with metal tennis rackets, so i don't think it's going to last. [laughter] stuart: okay. >> maybe for a little while, the competition for athletic equipment continues, but it demonstrates how amazing nike is the company. stuart: you're right. >> it's only good to them and adds to their lure. stuart: you are mr. retailer and we thank you for being in the show, thank you, sir. let's switch gears completely, canadian newspaper says prince harry and meghan markle are not welcome, go. ashley: famously friendly canadians, they say this is a constitutional, breaks the constitutional taboo, that's canada's largest newspaper did a big editorial basically saying you're welcome to visit but no, senior royals, you cannot stay, you should look at banner headline, harry and meghan and why member it was royal family cannot live in canada, you're welcome to visit but as long as you're seeing royals canada cannot allow you staying, royal living in the country does not accord with long-standing nature of the relationship between canada and britain and canada, arm's length and basically urging the trudeau government to say, no, to the royals. stuart: they are welcomed in los angeles, guarantied. >> i have rumors that they won't live in the united states with president as trump. they are going to wait 4 years and apparently going to stay in canada. stuart: i'm done with this. let's get real. dow 30 shows a preponderance of green, 27 of the 30 are up, dow is up 129. got a new report says new york as in the state spending nearly twice as much as states like florida to keep government entitlement programs running, guess who is paying for those programs? well, i will talk to new york gop chair about that next. good morning! oh no, here comes the neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. >> you have to keep a close watch on your money today because you have to keep fun watching it grow, gains of 140 points on the dow industrials, that's half percentage point high, new all-time highs for alphabet, it hit the trillion dollar mark, $1,444 a share, that's alphabet, i think that makes it a trillion dollar company, microsoft new high, 164, 54 as we speak, i sold much too early. it's going to be 14.50 before alphabet hits trillion dollar mark, it's almost there, we talked about the tax exodus on this program all of the time, people moving from high-taxed to low-taxed states, new report, government spending as in new york, $348 billion in 2017, government spending in florida, much less about half, on welfare, government spends $71 billion in new york, 28 billion in florida. gop chair nick. i don't see any sign of this changing and do you? >> we have to make the change, something that we talked from the outset when i became state chairman, the greatest crisis is outmigration of citizens, we lost 64,000 new york taxpayers to florida alone last year. stuart: 64,000. >> 64,000 people. stuart: people with money. >> people with money, people that are job creators, people are taking and voting with their feet, they are going to greener pastures because you have states that are doing it right, new york, andrew cuomo should pack up and go down there and take lessons from the governor of florida that's getting it right, clearly, they are exploding in growth, they will gain representation in congress after the census, jobs are being created in states like this and meanwhile the national economy booms, new york runs a budget deficit of $6.1 billion, we are doing it wrong, we are spending twice as much money doing it, our kids aren't getting the education they deserve despite record investment, it's a shame, it's got to stop. stuart: you're on record saying it has to stop and i'm on record saying it won't stop for a long time to come, i think you will agree with us. it shouldn't be like this but it is. >> we have to change the fact that we are high-taxed state, they will tax us to death, people will leave in record numbers. stuart thanks very much being with us on difficult subject, good story, thank you. president trump signing phase 1, we call that a big win for him, more importantly big win for the economy, surprise, surprise, the media doesn't think it's a big deal, we will get into that one for you. >> he wanted a big course correction, this is not what this is, i'm not sure how big of a win this is going to be. >> this is phase 1 and this is limited in its scope. president trump is in the protracted thank you mode to talk about china as his own sort of counter programming. stuart: an ex case the democrats in the house try to up stage the historic signing of the china trade deal with an impeachment charade, that's what i will call it, i will explain why that charade will get nowhere, i will explain that in a moment, second hour of varney & company on its way. while our competition continues to talk. ♪ talk, talk . . ce of mind of a standard unlimited mileage warranty. or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned. or it isn't. the mercedes-benz certified pre-owned sales event. now through march 2nd. only at your authorized mercedes-benz dealer. i've been through two tours of duty, and luckily, i came home with my health. but what almost ended up taking me down... was a stroke. i thought i was invincible. but it's really humbling to face an enemy you don't see coming. fortunately, life line screening showed me i was at risk. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. if you're over 40, call to schedule an appointment for for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149- an over 50% savings. when i came in, they thanked me for my service. i said thank you for yours. life line screening. the power of prevention. call now to learn more. this round's on me.eat. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com and you know what they isay about curiosity. it'll ruin your house. so get allstate and be better protected from mayhem, like meow. stuart: better take a look at this market. you're going to love it. we're up 150 points for the dow. better than half a percentage point. we have new record highs almost across the board. new high for the dow. new high for the s&p 500. 9300 for the nasdaq. it is another, i hesitate to call it a melt-up, but pretty close, isn't it. how else would you define it? 10:00 we hit the mark, 10:00 eastern time. mortgage rates. ashley: i live for this every week. freddie mac, 30 year fixed coming in at 3.65%. last week it was 3.64%. basically no move. freddy says look, affordability is still an issue in the housing market. why? because there is lack of inventory still, which makes price as little too high for a lot of those who want to get in on the ground level. 3.65 for 30 years, pretty darn good. stuart: next one, nahb housing market index. wait a minute, deirdre, what does that tell me. >> a beige how builders feel about i'm wait for the total print. we have it now. 75 in january, versus 76 in december. so we'll call that holding steady. stuart: holding steady. yes, we will? dow industrials holding steady at nice level. up 154 points at 29,184. now this. >> this time yesterday we showed you the preparations for the china trade deal signing. we believed it was the most significant event of the day, perhaps of the year. we deliberately did not show speaker pelosi's impeachment news conference. we made the right call. the speaker's event was an exercise in self-promotion, a vindictive and hypocritical spectacle. the speaker opened by saying this was really very solemn. we shouldn't be frivolous with the constitution. it went downhill from there. the speaker signed the articles and then handed out commemorative pens to the assembled trump haters. the pens had her name on them embossed in gold. smiles all around. of course selfies with the triumphant speaker. it wasn't solemn. the speaker was gloating. almost gleeful. impeachment is forever, see seemed to say proudly. as protocol demands the articles of impeachment were walked over to the senate. no more smiles. they knew the camera was on them. it looked like a death march. adam schiff top trump hater, right up front. what a charade. they all know president trump will not be removed from office. the senate is not going to kick him out. they just wanted to trash him. what has the speaker actually accomplished? nothing but all those people get an impeachment souvenir pen. instead of forcing that charade on you, we showed you the china trade signing ceremony. i call that a celebration of success. a deal that massively helped farmers, manufacturers, energy companies, tech companies. boosts the already strong economy. the trump haters watched speaker pelosi. the rest of america watched president trump. let's bring in jason johnson. he is a ted cruz's former senate campaign strategist. sir, what do you think of what i just had to say? i was frankly appalled at what speaker pelosi did with impeachment. >> you mean you didn't fall for that really, really bad case of acting about her being solemn, stuart? stuart: no. did you? >> no, i did not and it was sad. look, let's look back to when the house concluded their impeachment proceedings. remember what they said. one of the things that was said over and over again was that donald trump, the president of the united states, is a quote, clear and present danger to the national security of the united states of america. and in the interim, what did he do? he took the decisive action to exterminate known terrorists from iran who had the blood of hundreds, well, blood of thousands of americans on his hands. fast forward, and now we have this act. they always say that hollywood, excuse me, washington, d.c., ask like hollywood for ugly people? well the theater was pretty pathetic. but i want to give nancy pelosi credit, stuart, on one thing. something hit me earlier. if you go back to look at everything she said about president trump, you watch her body language, how condescending she is, i think she really genuinely thinks of the president like a problem child. she in fact has called him a child. here's the thing, they're right about one thing, he is a clear and present danger, to the swamp. to the establishment. to business as usual. what do a lot of people do, with quote problem children? they say, we got to keep them busy. so on that note i think that is something they're doing. they think tie up his hands, tie up his energy. imagine, you talked about it this morning. we now have trade agreements with canada, japan, mexico, china. cuts in regulation, the tax cuts. imagine what danger he represents what he actually could accomplish in dismantling that town if he didn't have to deal with this mess. stuart: how does this play out politically for the democrats in the election later this year? >> i think it is a disaster. i think it is a disaster. you know, the cynical side of me, i heard other people mention this, thinks that there is some credibility when you look at, why did she hold those articles of impeachment so long? it wasn't just to show us this sorry display of theater, right? you really have to think about the upcoming iowa caucuses, all of the senators she is taking off the playing field that really do have to win in iowa to have a chance. but look forward. you were exactly right what you said this morning. the trump haters, which are set, defined and there is nothing that this president can do to change that, they were watching that show yesterday. right? stuart: yes they were. >> the rest of america were watching exactly what you were tuned in on. that is what the america will vote this coming november. and the economy looks great. he is actually doing what he can to help rural americans. i think it will be a bad, bad day for the radical left democrats come november. stuart: jason, thanks for joining us, sir, we appreciate it. i will transfer quickly to look what is happening to your money. you love it. the dow is up 157. s&p up 16. nasdaq is up 72 points. we got records all across the board. david kelly with us, jpmorgan chief strategist. welcome to the program. >> glad to be here. stuart: as of right now, you cover markets all over the world. that is what you study. >> yes. stuart: is the american market the best game in town? >> it has again obviously for the last 11 years we had a huge continuous rally in u.s. stocks ever since 2009. it is given you more than 500% total return over that 11 year period. it has been extraordinary, but it is not the cheapest game in town anymore. you don't make money out of past returns. if you look at markets now, u.s., pe evaluation, it is 13% above the 25 year average. pe asia shows outside the united states, in emerging markets, japan are well below average. japanese stocks, emerging markets, they sell 22% discount to u.s. stocks. long term you have to take that into account. stuart: stuart: but will those markets perform as well as our market is performing now? >> i think they will outperform the u.s. over the next five years and the reason is the u.s. is going to slow down. we're slowing down to 2% growth right now. we are doomed to do this. productivity growth is very hard to produce -- stuart: be careful about the word doomed. what stop this is market, this american market, what stops it dead in its tracks? >> the greatest danger is inflation. stuart: you don't see it, do you? >> possibly. we're putting extra demand in economy where there is no supply. lowest unemployment in 50 years. we see pickup in wages, commodity prices with the new deal in china. i don't know how farmers can meet that demand. so if you see a pickup in commodity prices. see more inflation. that begins to push interest rates up that is the thing most dangerous. but remember, you know for a long-term investor, you don't try exactly time the peak here. you buy stuff that is cheap. you don't overinvest in stuff that is expensive. stuart: very true. david, thanks for joining us. thank you, sir. general accounting office, government watchdog group, call them bean counters, really, they say the trump administration violated the law by w holing aid to ukraine. that just came out. meanwhile in the senate, next hour, they will vote to approve usmca. chad per gram on capitol hill. chad pergram, usmca approved 11 this morning, chad? reporter: two votes coming up here 11:00. first are procedural. we expect that to pass. the senate will have zinged up synced up with the house of representatives. this goes down to the president and his desk to sign. this is the undercard, adoption of usmca, for what is going to happen later. they will finish that probably about 11:45. right at that moment that's when the house impeachment managers are going to be processed back over, they will pass right past here as they walk from the house, house side of the capitol right now, to the senate to formally present the articles to be recognized. the senate will adhere to set of 26 impeachment rules anyone they get a vote on tuesday to set the parameters. sergeant-at-arms, michael stinger, all persons are commanded to remain aisle lept on page of imprisonment while the house is presenting articles of impeachment to president donald john trump. stuart: i can't wait. i will keep attention on the markets. thanks, chad. live shot from paris for you. workers protesting macron pension. they have been doing this a long time. we'll monitor anything out of this. i thought macron booked off the pension issue. ashley: no. he tried to weaken a little bit, but these trade unions are saying no. you can't change our pensions, especially the transport. stuart: still saying it? okay. they're still demonstrating. that's paris right now. okay. elizabeth warren confronting bernie sanders at the democrat debate tuesday night. watch this. >> i think you called me a liar on national tv. >> what? >> i think you called me a liar on national tv. stuart: it goes on there. the massachusetts senator has history of kind of bending the truth. we'll take a stroll down memory lane. we'll show you the tape. why not. president signing historic trade deal. west virginia senator was there. we'll talk about the democrats trying to up stage the president with impeachment shenanigans, if that is what you call it. more "varney" after this. ♪. liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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: let's see. i have streaming stocks up there, on the left-hand side of your screen. nbc is going to unveil its streaming service, known as peacock. they unveiled that later on today. meanwhile comcast, netflix, walt disney, all on the upside. i have a bit more on netflix for you. could see its subscriber numbers drop? gerri willis on the new york exchange. if that's the case, why isn't netflix stock down? it is actually up a bit. reporter: it has been down all morning until you came to it went positive. i guess playing off your optimism. here is what is going on. every c.o.r.e. isi, app download data is showing a slowdown in downloads for netflix across regions. so if people, if they don't see improvement in customers joining rather than leaving, those numbers you expect for next tuesday when the company reports earnings and subscribers, they will disappoint. subscriber gains, single most important number for netflix stocks. hate to bring you bad news on good news day. but that is what i got? stuart: you bring us the news, we're happy with that. by the way netflix moved down a little. just as you were. >> yes. stuart: they watch you. big board shows a very healthy gain. right there, 29,200, just hit it. we're up 168 points. here we go. trump tweet. we bring it to you real fast. farmers are really happy with the new china trade deal. the soon to be signed deal with mexico and canada, but i hope, that the thing they will most remember is the fact that i was able to make massive incoming tariff money and use it to help them get through the tough times. that is from the president. just in. >> they have been suffering some of these farmers, are hanging on, waiting for this. this is big news. this is question how soon, this increased business will be able to come through. president's right. there has been the diversion of carrot money wasn't there before, being used to help the farming community. deeder deeder -- >> especially soybean farmers. stuart: there is question whether the farmers produce $50 billion prous extra going to china. ashley: like one extreme or other. >> feast or famine. >> life of the farmer literally. stuart: tech companies get help from intellectual property. all in all, people say this is very, very good china trade deal. all the neners are -- >> i think tech actually been the most resilient or been most optimistic. a lot of people saying china is not just doing this for our benefit. they actually need to address the ip issues. every single multinational want to do business there, has a problem with material being stolen. in some ways china needed to do this for itself. if we feel good aside consequence it all works out. stuart: that is extraordinary stuff. we have one of the senators in the china trade ceremony yesterday. first of all, hold on a second, madam senator. let our viewers watch this for a second. roll it, please. >> i didn't introduce her before because i wanted to save her. you have have been so great. shelley stand up. west virginia senator. thank you. thank you, shelley. [applause] stuart: there you have it. madam senator, welcome to the program, good to have you on the air today after being called out and called for the, as assembly there. yet you were at the china trade deal ceremony. but the democrats tried to up stage it with impeachment farce if i can put it like that. did it work? >> china signing was monumental occurrence that i think we're going to see this reflected in every single state, working folks. exports and everything. some of the members did have to leave to vote because that is their constitutional duty. we want them to do that. but, you know, i don't think it bothered too many people in the room there yesterday. stuart: did west virginia get anything specific in the china trade deal? >> you know we did. i talked to ambassador lighthizer several times. our hardwood industry has taken a hit under the trade war that we've had with china over the last several year or so. we've been really hurting. we had to close some mills and our hardwood producers are have been struggling. so hardwoods is part of the agricultural product. also our metallurgical coal which export quite a bit to china. that is the high btu coal, high power coal. that also has been listed as an energy product that we will be, china will be purchasing in much greater amounts. so this is a good day for west virginia. but i think it is really a great day for the country. stuart: yes, it was. we're very glad to have you on the show this morning after your appearance yesterday. madam senator, we appreciate it. thanks for being here. >> thank you. stuart: sure thing. totally different story. thousands of teens filming themselves destroying their vape pens. they call it, this is quitting challenge. the videos are going all over the place actually. is that a good sign? we'll show you video, see what you make of it. january, best month to book a cruz. like black friday for booking a trip. we have ceo of cruises coming up after this. ♪. overdid what? well planned, well invested, well protected. voya. be confident to and through retirement. 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. 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. stuart: viking cruise line launching six river ships and observe sailing ships. by 2022. the ceo is with us right now. am i right, sir, saying you will have viking cruises on the great lakes, that accurate? >> we're doing something different from anybody else. the great lakes are a very interesting part of north america. we research our customers. said that would be a great place to be. stuart: you know the big advantage of the great lakes, you don't have quite the same swell as you got on the ocean. i might get a little less seasick on a cruise for the great lakes. is that right? >> well, you would be surprised. the great lakes are almost like seas. so you should still be on reasonably sized trip to enjoy them. stuart: earlier i was told -- >> you have to have a ship that fits the locks and all. stuart: january is the best month to book a cruise, i'm told? why is that? >> i think any month is a good month to book a cruise. i think in january, most of the cruise lines have a lot of promotions out. viking is a little bit after different case because for the year 2020, our ocean business has sold 88%. our river cruise business has sold 77%. so, it has to be the early part of january, if you're going to have a chance of getting your cabin reserved. stuart: mr. hagen, thanks for joining us, sir. sorry it is so short. that is remarkable advanced booking. 88% from this year. stuff from viking cruise lines. appreciate it. stuart: i move on to something completely different again. we're all over the place today. bulletproof cars for politicians, celebrities, gangsters, maybe? a company in texas opening up the market to ordinary people. we have a demonstration for you. we have to ask why would a ordinary person need a bullet-proof car? we'll ask the question. early this week crowds in iran refused to trample on the u.s. flag. cabot phillips want whiney college students here to show the same respect for america. shows us next. ♪. 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(narrator) before you buy a car, see what others paid for it with truecar. rowithout the commission fees and account minimums. so, you can start investing wherever you are - even on the bus. download now and get your first stock on us. robinhood. ♪. stuart: just not wild about the beatles but there you go. >> there is no bad beatles song. stuart: i'm wild about the stock market. look at this, please. that is the story of the day. look at it. we're up 168 points for the dow industrials. almost at 29,200. we're up, record highs. s&p, dow jones average, nasdaq composite. not necessarily a record high but pretty close. we have all-time highs for these stocks. visa, $200 a share. american express, 130. microsoft, almost $165 per share. across the board, you've got record highs in some biggest of big-name companies. how about that? then we got the protests in iran, remember this, iranians respected the american flag. they have been told to step on it. they didn't. cabot phillips, with us, campus reform editor-in-chief. you've been speaking to a lot of american students. i don't think they showed the same respect for the flag that the iranian demonstrators were showing, right? >> i think this video is an example of what people around the world know, and that that the american flag and america as a whole is beacon of freedom unlike any other. freedom protesters in hong kong waving american flags. we see people hungry for freedom in iran, they refuse to step on our flag because they know what it represents. stuart: what a contrast. these people are fighting for freedom risking their lives, american campuses shout down conservatives, face no risk whatsoever. >> absolutely. you know this i talk with thousands of collision students with leadership institutes of campus reform. i see their mind set. two things are at play here. they are ignorant to the rest of the world. everyone has freedom. everyone everywhere can do that iran, you can even tweet because twitter is banned. if you tweet negative things like your government or say the country wasn't great, would you be thrown in jail. the second part is desire to be oppressed. when student sew, they say something oppresses them, they bow down to. they don't realize what real oppression looks like. what freedom looks like for america. stuart: phony victims. cabot. i have a related story here. instagram is taking heat for taking down content that supported general kassem sole sole. soleimani. they are getting heat for supporting him. >> content related to him. we thought we were acting in compliance with u.s. sanctions and laws, ones that do target the iranian government but this brings up the issue of free speech. i will say 12 iranian journalists were also mistakenly taken off the platform, had their content blocked. just shows you to what extent these tech companies, social media companies, obviously facebook owns insta. they are in the cross-hairs. they're damned if they do, damned if they don't. stuart: what do you make of this, cabot you? heard the story. supportive comments from qassem soleimani taken down, all in the interest of free speech. sort it out for me. >> instagram is trying to comply. we don't want to support any terrorism. he is a leader that someone the u.s. government classifies as a terrorist organization. we don't want to do anything to promote him. they are torn between the free speech element. but at the same time we don't want our platform to be used to promote terrorism. that is the beauty of the free market. people will be upset. beauty of living in free society, free market, if you don't like what instagram did. patronize other social media services use your voice and purchasing power to influence their decision. if there is enough outcry, instagram will say they will change our practices. that is how the things should be done. the government shouldn't have a role. i think the free market should decide how social media platforms handle these kind of decisions. stuart: i have another issue of relevance to youngsters. juul vaping. juul scaling back the expansion overseas. i will tell you about this. hold on a second. there is a movement here, all over the place, teens getting rid of, called the quitting challenge. what is it, they destroy their vaping -- >> in creative way. for example you can drown your juul cartridge in bottle of water. post a 15 second video on tiktok, by the way one of the most downloaded apps in the world. nearly 15% of 15-24-year-olds made a new year's resolution no longer use juul or any other product like it, are grouping together. it is like the tide pod challenge, that is more helpful. juul has been embarrassed on a national stage and international stage. so it is scaling back its overseas expansion. it may exit south korea all together. it delayed the launch in new zealand. china pulled juul off its websites days after its launched. it has been blamed, this one company and others for surge of vaping among young people in the u.s. stuart: cabot, what do you have to say about youngsters, juul, vaping? >> if the goal is to get few iryoung people to vape, i don't think the solution is government stepping in, banning flavored products, using government campaigns to get people to stop. i think in certain way almost creates more of a cult following. the young people want to stick it to the man. they feel like they're rebellious. all the authorities figures in the government not to tell you to do something, in a way incentivizes people to seek it out more. we don't want kids under age ever 18 developing nicotine addiction. it is important to analyze ways to do that. once they are over the age of 18. they should have the right. government move to ban products over age 21 or 18 is silly. if you're old enough to serve in the country, die for our country, vote, elect leaders you should make decisions there. internationally speaking as well, i don't think the lack of juul expansion is lack of demand. i think it is more due to lack of consistency in the regulatory area. no government can decide what to do it with right now, until they have more studies on the long term impacts. that is the problem moving forward. stuart: cabot phillips. thanks for joining us. >> thank you. stuart: bottom right-hand corner of the screen, new high for the dow, up 176 points. tesla going the other way. registration for tesla cars, new ones in california cut in half. why? ashley: in the fourth quarter, tax credit is going away which is a big part of it. down 46.5%. california market somewhat of a bellwether. number of model 3s registered, the basic sedan, number of those was also cut in half to 10,600 registered in california. there are those that say tesla has hit peak performance in the u.s. now because these numbers have not exceeded their 2018 results for five months now. so maybe there is a peak in tesla registrations. stuart: stock is down to $500 a share. maybe, elon musk won't get his bonus? ashley: no dancing. stuart: there's a company in texas that produces bulletproof cars, usually for high-profile folks. now they see a market for less expensive family packages. towards bulletproof cars. i don't get that. grady trimble testing out one of them. what have you got for me, grady? >> hey, stuart. so, in order to modify these cars to make them bulletproof, they start out as normal cars. then they have to strip the entire thing, add all the bulletproof metal inside of the door panels. then put it all back together. this is that process. i know you want to see us shooting at a windshield and that bulletproof metal. so take a look at that. [gunfire] reporter: we also shot at this escalade here. it looks like it shattered. but on the other side it is completely smooth here. it was also shot in the door. you don't see any damage on the inside. you mentioned that ceo's and high-profile people use them, but they have done cars as small as a toyota camry, which will cost you about $40,000. stuart? stuart: grady, just have not worked out why an ordinary american family would need a bulletproof car. that is another story entirely, grady. we'll get back to you at some point. next, the highlight or say the low light of democratic debate this week, elizabeth warren, bernie sanders and hand handshake. newly released audio why warren was upset. it was quite a fight. we'll play it for you. we'll show you how the massachusetts senator is contradicting herself. more "varney" after this. for in an etf? i tell clients, etfs can follow an index, but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪ ♪ problems. nobody likes problems. but why is that? at ibm, problems actually inspire us, to fix things, to change things, to push the world forward. which is why so many people who dare to take on problems work with ibm. >> i think you called me a liar on national tv? >> what? >> i think you called me a liar on national tv? stuart: that was a little clip of the heated exchange after the debate the other night. the word liar was tossed around on both sides. you know, senator warren, she has not always been totally truthful. i'm going to show you a clip where senator warren claims she was fired for being pregnant. watch this. >> i was visibly pregnant, and the principal did what principals did in those days, wished me luck and hired someone else for the job. i was visiblywished me luck, and someone else for the job. i was visiblygnant. he wished me luck and hired someone else for the job. stuart: okay. now here's where herself. roll that tape. >> and i went back to graduate school and took a couple courses in education and said, i don't think this is going to work out for me, and i was pregnant with my first baby. so i had a baby and stayed home for a couple of years and i was really casting about, thinking, what am i going to do? and my husband's view of it was, stay home. stuart: so she wasn't fired for being pregnant. just wasn't. contradiction. erin perry is with us, trump 2020 campaign deputy communications director. i bet you hope elizabeth warren is president trump's opponent in november, don't you? >> it doesn't matter which democrat is the opponent. they all have terrible policies. if it is pocahontas elizabeth warren there, she certainly has a history of bending the truth, actually lying to the american public not only about her ancestry but about her work career. she said she was a native-american to, enhance her career. doesn't matter who it is. president trump has the record to win again in 2020. stuart: maybe we should avoid the name-calling. i will leave that to the president if he want to say. i want to walk away from that if we possibly can. do you see, what do you think about mike bloomberg? do you think he is a threat? >> listen, it doesn't matter who the candidate is that will go against the president. if it is mike bloomberg or bernie sanders or joe biden. they all have the same failed policies. they're all trying to reverse the success of america, reverse the success under president trump, for failed liberal policies. they want to, they want to initiate the "green new deal." trillion dollars raising, taxes, raising cost to heat homes. stuart: that is not true of the bloomberg. bloomberg is running on his stance on guns. he is not a wild tax increase kind of guy. he is not in favor of a wealth tax. he is not in favor of massive increases in government spending. he is classic, kind of middle of the road democrat. you don't think that poses any, any threat to you at all? >> when we look at what the democrat party is and certainly in this primary season, that so-called moderate lane just doesn't exist. it is not what seems to be working with democrat voters. we'll see in iowa. i don't think mike bloomberg will make much of a splash there. you will see someone like bernie sanders surge there, possibly even win. the moderate lane does not exist to get to the democrat nomination to be the person that runs against president trump. you see how voters are responding to policies like the "green new deal." to policies like giving free health care to illegal immigrants. that is what the base in the party is responding to. that is the type of opponent we see we'll run against 2020, come november 3rd. stuart: erin, i have to cut this short. i have to look at the market. thank you very much indeed. i think this is the high of the day or certainly very close to it. now we're up 180, 29,210. how about that? amazon, morgan stanley raising its price target. morgan stanley says that company, amazon, will get to $2200 a share. it is at 1873 at the moment. look at signet, the jewelry company, seeing the biggest gain in a quarter of a century, up 43%. wow. i didn't see that. strong holiday sales apparently. look at that stock go. signet jewelers, straight up. disney heir he's abigail disney, backing a bill in california that would raise corporate taxes and curb ceo pay. tell me more. deirdre: 10.8% to 14% is where she wants the tack level to go. in her view this would apply to companies with more than $10 million income. she is part of a group called the patriotic millionaires. she very much, made a lot of noise about reducing ceo pay. remember she criticized essentially her pham aless company ceo, bob iger, his 66 million-dollar pay package which is 1500 times the median salary but if you look at wealth on people other side of fence if you bought disney when he became ceo, you're up 444%. you cannot compare a ceo salary to somebody taking tickets at a theme park. there is a lot of strong opinions on both sides. by the way this bill in california is up for vote. she is clearly backing, lowering ceo pay -- stuart: guarranty it will pass. it is california. they never seen a tax or restriction they don't like. all the time. deirdre: i feel like that, that entertainment industry -- stuart: do you have any doubts deirdre: yes i do. i have doubts. the entertainment industry employs a lot of people. it is very successful. this quite frankly when you look at arguments is not logical. stuart: they would love the ceo reined in, wick asked capitalists. deirdre: you move them out-of-state. stuart: used to be the golden state, not anymore. i rant on this stuff because it drives me nuts. the president signed a landmark trade agreement, you wouldn't know that if you watched cnn or msnbc. lisa boothe on the media disdain for the president. that is coming up next hour. senate majority leader mitch mcconnell will pass usmca right around 11:00 this morning, very soon. yet another victory for president trump. when they vote, you will see it right here. we'll be back. ♪. whoa, this is awful, try it. oh no, that looks gross what is that? you gotta try it, it's terrible. i don't wanna tray it if it's terrible. it's like mango chutney and burnt hair. no thank you, i have a very sensitive palate. just try it! hey guys, i think we should hurry up. if you taste something bad, you want someone else to try it. it's what you do. i can't get it out of my mouth! if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. dog, dog, dog. hey. ♪hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. 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. stuart: this is something you got to watch, the market. watch your money grow today, because it's growing. new high for the dow, 29,200. new high for the s&p, 3300. and nasdaq composite, 9300 as we speak. we have the senate about to pass usmca. should pass in about ten minutes. blake burman standing by in d.c. is this set in concrete, will pass in ten minutes. reporter: at point upcoming hour, stuart. this is one of the rarest of all rarities here in washington, d.c., if there is such a thing, there will be bipartisan support on significant piece of legislation. we believe there could be as much as 80 votes, maybe even higher than that when the usmca gets to the floor of the senate here soon. the house passed it. then it will come over here to the white house. speaking of the white house, stuart, some here will argue, even though the china trade deal was a big deal, and got a lot of headlines that this usmca deal could be more significant for the economy and here's why. put the numbers up on the screen if you can real quick, when you look at trade over the last 12 months here by country, mexico and canada are just a tick underneath 15%. china, about 13 1/2%. so when you combine mexico and canada, about 30% of all u.s. trade in the last 12 months with those two countries. by the way, stuart, for all the bipartisanship we'll see here in washington, in just short order, right after usmca, they move on to impeachment. out goes the window of bipartisanship. we get it for a few minutes though. i guess we'll take it, right? stuart: i guess we will. that is good stuff. bipartisan treatment, thank you much blake. ashley: from the beginning president trump called this the worst trade deal, ever, ever made. all they the democrats didn't want to agree with him, ultimately many have. it was outdated, needed to be revised, even elizabeth warren who must have hurt to say it, it is quote a modest improvement. stuart: if she becomes president and she will open it up and renegotiate, so she says. let's stay positive, because in recent days, we have concluded president trump has concluded trade deals with our principle trading partners. that is mexico, canada, china, and japan. let's not forget that. there is still a european situation overhanging. ashley: that is next. stuart: they want this digital tax. we say no, you don't. if you do it, we'll tax your wine from france and cheese from every place else. that is still percolating away and so is the british trade deal. ashley: that is on the backburner. could be a big one once the uk finally gets rid of the eu yes, that could be a big one deirdre: president trump obviously implied heavily we'll up direct gates between the u.s. and uk for the special favored relationship. in theory work out better to the uk. stuart: all in favor of the trade front. look at that market go. that's why. good stuff. president trump getting things done, signing phase one of the china deal. usmca in the next few minutes but speaker pelosi and democrats are trying to up stage him with impeachment. which story will tom nate the news? i will ask bret baier about that. who benefits from the new squabble between warren and sanders? i will ask pete hegseth. a new power hour of all-stars coming up for you. ♪. and etfs are commission-fre. 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 while our competition continues to talk. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. stuart: almost 11:00 o'clock eastern time, happening this hour a lot going, senate will vote on usmca, it's expected to pass around 11:30 this morning, that's according to chad, our producer down there, most significant bipartisan legislative victory of the trump presidency, it probably will get 80 vote, that is bipartisan. the other big story is the stock market, more record highs, right now we are up 170, 29,200, new high for the s&p 500, the nasdaq is going straight up as well, what a day in politics and your money. now this. well, now we know what bernie sanders and elizabeth warren were arguing about right after tuesday's debate, no wonder conservatives are smiling, that video and the audiotape have opened up a bear knuckle fights, it's like bitter dispute between bernie and hillary that divided the democrats in 2016, let's just back up a minute, before the debate bernie had once told her that a woman could not be elected president, he denied saying it but came up again during the debate, warren asserted he had said it, bernie rather denied it. then came the post debate argument, you've got to watch this. >> i think you called me a liar on national tv. >> what? >> i think you called me a liar on national tv. >> let's not do it right now, you want to have the discussion, we will have the discussion, you called me -- >> i don't want to get in the middle, i just want to say, hi, bernie. >> the billionaire tom steyer in the middle. bernie walks away and warren shakes hands but not with bernie. bernie versus warren, socialist versus moderate and billionaires versus nonbillionaires no wonder the party is anxious, reminiscent of the split back in 2016 when the party lost big and if you've fascinated by politics and money as are we, this is going to be a very big year, it's only january the 16th and we've already seen a melt-up stock market, a huge trade deal, the impeachment farce and now a drag-out fight among socialists, cheer up, this is fun and pete hegseth is here. [laughter] stuart: flit and a half. >> it is fun. talk about a meltdown. this is elizabeth warren realizing her candidacy is heading in the wrong direction, in the past grievances worked well for her, remember, she was the -- she got into her professorship at harvard because she was a minority or purported to be so, in this case she's saying the reason i'm not on top right now is because i'm a woman, maybe it's not the fact that i put forward policies that i couldn't pay for and then walked them back when they didn't make sense and i'm nowhere near as authentic original gangster that's bernie sanders, the guy honeymoon in soviet union, we know he's a communist and socialist, we know what he stands for, he's opened about it since the beginning, she's trying play the role and it's not working, voters are seeing through it. they are going to bernie as authentic alternative when they are running against the most authentic boisterous president that the country has ever seen. stuart: i want to talk to you about trump as tv producer. >> oh, man. stuart: i think he's real good. i got that. he stepped through the double doors, the tensions were escalating with iran. that was heavily produced, opened the door, there's the parking -- president walking through. >> if you've not having fun with this, you can't find time in life to enjoy it. it starts from the beginning, stuart. will you not vow to run as independent? he raises his hand and no one does. you said this terrible thing about women, not only rosie o'donnell. you will apologize and it's offensive to her. everyone told them. see something, say something president, he sees the things in front of his eye that is you see that we all two, man, that's messed up and whisper it to your neighborhood and he tweets it and people love the fact that finally they have an open authentic figure in the oval office. >> you can't be elected president in the united states, i lay that down. >> i think that's true. that's been true since kennedy-nixon. you present yourself in a way that people trust, have confidence in and believe it's real. thank goodness we are authentic political moment. [laughter] >> show up at the iowa state fair wearing a flannel, he's flying in his helicopter in pinstripe suit, i'm a billionaire. you need to vote for me. stuart: that's true. >> that's what people want, they don't want fakeer politicians trying to pretend to be this, that's what they relate to. if you don't pass the authenticity test in politics, you're done. stuart: you're having fun too much fun. >> watch the dow go like this. [laughter] >> i recommend decaf on some occasion. pete hegseth, that's the truth. phase 1 china trade deal signing with president trump yesterday. our next guest was there, watch this. >> thank you very much and susan thank you very much, you've been saying fantastic things about china and about us, we have a good partnership. stuart: well, look who is sitting next to me, michael pilsbury. >> i'm no good on television, stuart. stuart: that's not true, michael. wait a second, you've seen -- you were involved in the negotiations here, you went to china half a dozen times. you've seen and gotten your hands on the final text, final agreement. the way i saw it yesterday was it's a trump win. i think strong hand won in the sense that i think he got the better of the deal, now are youn pete's comments on the president being so quick and authentic, we saw that yesterday and he's brought the chinese along with him. they could have been stoney cold, no, just staring ahead communist dictatorship, no, they were applauding, they were laughing, at one point the chinese delegation letter out of pocket with great suspense, he said i have a letter here from xi jinping and president trump said that's beautiful, he had trouble putting spectacles on, the vice premier chinese said, sorry, everybody laughed. the atmosphere is china joined up with president trump on sort of television production miracle, they couldn't have been more friendly, open, they may even exceed the 200 billion purchases that they're committed to and they're going to have to do things really fast because the agreement has a couple of 30-day deadlines, today is 29 days to go, this is a serious agreement but you couldn't miss the rapport and the friendship between the two sides, trump even joked about xi jinping is watching the broadcast. [laughter] stuart: hang on for one second, i have more news, this is coming at now, phase 1 china trade deal, edward lawrence, our guy in dc he's reporting that it will go into effect 30 days from its signing, meaning it becomes law on valentine's day. [laughter] stuart: on that data riffs of $120 billion of chinese tariffs import cut in half to 7 and a half percent tariffs, you knew all of that? >> i gave ed lawrence my 30 seconds. stuart: all in 30 days, that's it? >> there's more to it but this is framework for u.s.-china relationship. stuart: sorry to interrupt you, michael, what i'm getting at here is sense of urgency, we are going to do this, and it's not open-ended date a year or two from now, no, it's 30 days. >> it's far beyond statement of good intentions. stuart: we weren't expecting that. >> a lot of people quite stunned yesterday, the president asked me to go out and answer questions and all the hands went up in there, i differed to steven to be more positive, but basically both sides, both presidents xi and trump have rejected advice from hard liners who were opposed to this agreement, they are both taking a gamble that reformers on both sides want to work today and this is historic because both sides have put aside i hate you, i hate you, let's go to war, no, the opposite. stuart: we are glad to have you in new york after stiller performance in china many times and dc yesterday, thanks for being with us, michael. yes, it does. thank you, michael. >> thanks. stuart: yes, of course, it is official the u.s.-china trade deal is signed, i call it yet another trump victory, that's what i'm calling it, what's the mainstream media saying, i bet you can already guess, we are on it, lisa covers it for us in a moment, within hours of the signing house speaker pelosi signed another piece of paper sending articles of impeachment to the senate, i got bret baier on that, i want to know how long this trial is going to go on for, that's an important detail. moments away from the passage of usmca, i got senator mike rounds with me shortly, he's a north dakota guy, third hour of varney & company, it is, yeah, we are marching on apps are used everywhere... except work. 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 stuart: we are overflown with good positive economic news today, new data arrived from the national retail federation, holiday sales were up, what, 4.1%, 4.1% is a strong gain and online sales were up 14.6%, 2019. ashley: 167.8 billion on online sales. stuart: it is a very, very -- that's just november, $67 billion online sales, two months, 167 billion. that's a very strong holiday season showing the consumer is very, very strong and has a lot of money to spend and spent it. good stuff. dow industrials still record territory, moving onto impeachment, the trial start tuesday, congressman adam schiff will be one of the impeachment managers from the house, let's bring in senator mike of south dakota, senator, i'm sorry, i said -- >> it's colder there. [laughter] stuart: okay, whatever you say, i still haven't been to mount rushmore. any republicans in the senate who will say yes, impeachment, vote for it? >> we will do what the framers of the constitution wanted us to do, due diligence, we will not have a circus, we will allow the house to make the case, we will allow the president and defend himself through council, when that's done, we get to ask questions of both and then we will decide the next step, finding of fact or if they've given us enough to make up our minds, at this point i've seen nothing that would suggest that they've given us enough material information for impeachment to continue on and if that's the case, then we should have completed in short order, most of the colleagues feel the same way, we will give them the opportunity to make their case and get on with the business of getting business back, the economy is going great, the consumers are feeling good about what's going on, they are spending money once again and ad producers after what's occurred recently with regard to the agreement with china and with the usmca coming out today, i have farm producers that are starting to smile once again. stuart: i want to talk about new nafta, usmca will probably pass in just a few minutes, before we discuss it, senator, listen to what bernie sanders had to say about usmca, roll the tape, please. >> the answer is we could do much better than a trump-led trade deal and given the fact that climate change is right now the greatest threat facing this planetly not vote for a trade agreement that does not incorporate very, very strong principles to significantly lower fossil fuel emissions in the world. stuart: socialist says he can do better and he wants climate change incorporated into the deal, your response, senator? >> i think senator sanders is supporting the green new deal, that would be a 93 trillion-dollar hit on our economy over the next 10 years and will do everything we can do to destroy the economy. i think we are better off to have literally the innovation that have made us number one producer of the world, you can't do that with a bad economy and at the same time you can't be focusing on whether or not cows burp or not. it's been a catastrophe, everybody knows that, but sounds good to some of the folks who haven't taken the time to discover that if we really want to fix the issues surrounding climate we have to move to other forms of energy, you should be able to do what american farmers have done already which is create more ethanol, we do $15 billion a gallon a year right now, we could do a whole lot more, i do disagree with senator sanders on that, really good policy discussion that we will win on. stuart: you're on a roll senator from south dakota, south dakota. >> come see us at the fourth of july at mount rushmore, we will have hell of fireworks display. stuart: your governor asked me that for, be careful what you ask for. [laughter] >> it is one of the most phenomenal spots any place in the world and if you ever want to learn about the history of the country through eyes of the president, come see a lighting ceremony at rushmore, you will never forget it. stuart: i'm on the verge, thank you very much, indeed, for joining us, senator, wrecked my july 4th day plans, that's another story, thank you, senator, see you soon. >> thank you. stuart: they are showing it off to investors today, expected to launch in april. comcast is virtually unchanged. look at target, took a hit yesterday after reporting very weak not very weak but weak holiday sales, down yesterday, down a little more today, even though the overall market is doing very well, indeed. now, then, next case, i'm going to call this another trump win, larry kudlow said on fox business that there may be another tax cut 2.0 plan, more good news for the american economy if you ask me, we are all over it, and president trump headed to davos next week. excuse me, i have to cough, looks like he's trying to up stage the democrats as they begin their impeachment circus, we have full details for you, that's a promise and that's next . >> the president directed me to produce what we are calling tax cuts 2.0, it will be published some time during the campaign as a message for future trump economic growth policies, emphasis on middle class in second term. i don't want to do any specifics because there are no specifics and we are pulling it together. stuart: well, i believe that charlie gasparino, our own charlie gasparino came out with sources who did have -- ashley: maybe increase in the earned income tax credit, that's another one, larry kudlow did say we are looking at all taxes we make, making some of themes perhaps permanent, maybe revisiting the corporate tax rate, all are on the table, we are talking about fiscal stimulus during election year when people running on the democrat side are talking about raising taxes, that's a very clear division. stuart: that certainly is, ashley. president trump expected to go to the world economic forum in davos switzerland next week, lauren, he's going to grab all the headlines. lauren: another split screen, you have the senate impeachment trial of the president set to begin on tuesday and you also have the president of the united states expected to go to davos on tuesday, he will address the world stage, he will certainly tout the u.s. economy and u.s. strength here at home congress looks to get that impeachment trial to continue, also there greta thunberg, she's the 13-year-old activeist, sustainable and cohesive world. >> i can expect headlines from the president on that one. lauren: just a few. stuart: he will make them. we are halfway through january, seems to me the president has already racked up quite a few victories, you wouldn't know that if you watched the mainstream media, what are they saying about the china trade deal and the other wins for president, lisa boothe on that in a moment, speaking of trump win moments away of senate passage of usmca, we will take you right there in the u.s. senate when it happens, we will be back. get started today, and for a limited time, get up to $800 when you open and fund an account. that's 866-285-1934, or tdameritrade.com/learn. ♪ [shouting] [clapping and shouting] [cymbals clanging] [knocking] room for seven. and much, much more. the first-ever glb. stuart: any moment now they will take the final vote on usmca in the senate, it is expected to pass, probably going to get 80 votes, bipartisan deal here, looks like it's going to pass any moment now, lisa boothe is here, fox news contributor, i call that -- >> hello, stuart. stuart: i call that another win for the president. >> it is another win for the president. look, i think the challenge for democrats right now is there's less an less room to run against the president, you have an economy that's humming and economy that's booming, you've got trade deals that he's won on, whether it be phase 1 with china and the usmca or japan, threatening tariffs over méxico, you have all the wins that he's notching up which limits the amount of space to run against him, if you're running against incumbent, all you have to do convince the general electric that there needs to be change in trajectory but if the trajectory is going well, why change? stuart: very good question, hold on a second. i agree with you, a series of trump wins now let's see what the media has been saying about what i consider, what we consider to be wins, roll tape, please. >> he wanted a big course correction, i'm not sure what a win it's going to be. >> this is phase 1 and limited in its scope, president trump is in the protracted thank you mode to talk about china as his own sort of counterprogrammer. >> hostility. >> there's still considerable and less to cover before we can talk about meaningful trade deal between u.s. and china. stuart: do these people know what we are talking about, my answer is no. >> the reason you're seeing this is because of what i just said before, they know that president trump is winning, that he's putting points on the board, they don't want to give him credit, they don't want president trump to win again, this is why we see from so many people, they talk about recession, world war iii with iran, they want things to happen because it would deny president trump a second term, what happened yesterday, you look at the contrast what democrats are doing in the house and what president trump was doing, president trump was winning for the american people with china, standing up against china, fighting for businesses, fighting for american workers, farmers who have been hard hit and what were the democrats doing, celebrating, the only partisan impeachment, we have partisan impeachment we have ever seen in history, that's what they were doing yesterday, who is actually fighting on behalf of the american people, the ad on writes itself. stuart: remarkable contrast and you're right yesterday was the classic example on the one side, the house and speaker pelosi on impeachment and on the other side the president signing an extraordinary trade deal with china for the benefit of everybody, that's a ridiculous contrast when you think about it. >> i think that democrats have actually in their attempt to try to bring him down with impeachment, to drag him through the mud, they have empowered the president, they've given him a weapon to use against him and yesterday underscores the point and underscores what he should be talking about heading into november, i'm out here trying to win on behalf of you, the american people, i'm fighting for you whether it's trade and whether things like the tax cuts, you know, i'm working on behalf of you and what are democrats doing, they are more concerned about partisanship, they are more concerned about trying to hurt me, hurt my candidacy, how does impeachment help the american people, what benefit does that bring, how does that help them when they are sitting around, what does that have to do with any kitchen-table issue in stuart: the nation is imperil with donald trump in the white house. >> they sat on the articles of impeachment and nancy pelosi sat on articles of impeachment for almost a month. stuart: technical detail. >> yeah, how do you make the case if you're democrats that this is a constitutional crisis, this is a republican danger if they're sitting and withholding, withholding with articles of impeachment through the holidays, it's just about damaging the president, everybody knows it. stuart: stop holding back, lisa boothe. >> that's what they say about me, i'm a wild fire. stuart: i'm going to give you 20 seconds and i will ask you the following question. >> oh, man. stuart: what do you think happens to harry and meghan -- what do you think happens? >> oh, gosh, i hope they stay together. stuart: got you. >> i don't think she seems like the nicest person. stuart: you're fascinated aren't you? >> she had had a lot of staff turnover. stuart: do you think any american inside the royal family and be happy? america -- >> if there is another prince i'd be willing to try it out. [laughter] ashley: nicely done. stuart: that was good. >> i think they are all taken, sadly i will never be able to come back and report to you on this. [laughter] stuart: thank you very much, indeed. lisa, you're all right. >> thanks, stuart, i appreciate it. stuart: i want to bring in john layfield, fox news contributor, john, let's talk money, let's not talk the palace, why not, i don't want opinion on meghan markle. you were skeptical about the china trade deal, you were skeptical, like it or not you were, what do you think now. >> look, i don't like the fact that we are going from free trade to managed trade, i don't like that part of it, i'm excited about the deal, i'm still skeptical, i'm skeptical about the fact that i don't think china will uphold their end of the bargain, i don't think the numbers match when you talked how they will increase as far as buying of american goods, i just don't think it's possible, china is lying about something in my opinion i believe because they are saying they will not take from other countries to buy from the united states, i just don't think that's possible, on the one other hand, stuart, i'm very happy this deal got done, i'm happy the deal got done, i hope that i'm completely wrong about my skepticism about this china trade deal because most of my money is in the market and it's good for what's going on in america. stuart: it sure is, we have the dow 29,200, are we on track for 30,000 fairly soon? >> yes, absolutely, the china trade deal, really good thing about it it takes escalation off the table it seems for at least 2020, if you don't have something systematic, global event like iran fires a missile somewhere, raises oil prices, trade deal goes south or brexit goes south, only 30% away from historic milestone from 30,000 which looks like to wonderful milestone and it is but only about 3% away from where we are right now, we should hit that fairly early in the spring warning any top of global event that to happen. stuart: you can't see it, john, they have voting on usmca, we are pretty certain it's going to pass. i take it that's another shot in the arm for the market? >> a shot in the arm because you take the escalation rise, we've already had two deals, we've had two trades that we had with our neighbors as far as méxico and canada, this is not a new trade deal, this is better trade deal and that part is good, the fact that you will not see tariffs going back and forth between our neighbors, all of this is very positive with the trade deals, i'm just very skeptical that china will uphold their end of this. stuart: okay, we got you, john, thank you very much, indeed, sir, appreciate that. now, again left-hand side of the screen, voting is taking place, pretty much a full going conclusion, bipartisan acceptance of the usmca, the market shows that, we are up 164 points now, we are right around 29,200, it's going to be a win, it'll happen, lisa boothe. >> it is, we are expecting, they're saying 176,000 jobs over the next 6 years as a result of this, tens of billions of dollars added to the gdp, that's a win for the american people and i think most particularly especially with china yesterday, we've seen farmers have been particularly hard hit as a result of the back and forth between the united states and china, they're finally going to get some relief and that's a win for them as well. stuart: it sure is. i love it, got to have it. [laughter] stuart: i think the vote is in progress. often you can see the voting board so you get a tally but no, that's the house, that's correct. they don't have the same voting board in the senate, do you? but it's happening right now, look, i have no doubt whatsoever this thing is going to pass. let's have a look at some of the other market action here, dow is up 160, this is the big story of the day, it's not so much usmca which was expected to pass, it's a very good thing, i got that, the real big story here is what's happening to your money. this is astonishing rally, it took only 40 trading days to go from 28,000 to 29,000 and now we are already at 29,200. ashley: when do we hit 30,000? 3:00 p.m.? maybe the end of this quarter, we will see, but there's no reason for people not to invest when you have economic data that is strong, we have the trade deals being done and where else are you going to put your money, i think it's the only place to be. >> also steady climb, doesn't seem irrational, if you look at s&p 500, it's on one of the longest winning streaks without a 1%, without major daily move in either direction, so gradual climb, not a surge. and that might make people feel more comfortable, hey, we should jump into the market for all the money that's on the sidelines. stuart: worth noting there are big named companies which have hit all-time record highs, i'm thinking in particular alphabet/google, not quite sure where they are now but if they go to 14.45, they become a trillion dollar company. lauren: yeah, another one. >> there's a political angle as well, you look at the fact that usmca will be passed with bipartisan support, makes her difficult for democrats to try to take from the president on this victory because they have shared ownership in it as well. stuart: they do, indeed. chad is with us, dc producer, are we looking at what, 80 votes for usmca roughly speaking, bipartisan? >> yeah, absolutely, we think they will go 80 to 90 votes on this. when this moved through the coalition of 5 to 6 senate committees there were only a handful of no votes and in just the past couple of minutes we have a statement from chuck schumer here announcing opposition to usmca and i will read this here, he says instead of advancing global climate security, he said a lot of environmental issues here are much weaker, he said but based on the greatest issue facing our planet, addressing the climate crisis, the usmca still falls too short so chuck schumer will be one of the no votes here. stuart: chad, that's very, very big news. chuck schumer is the minority leader in the senate, he will vote no on usmca because climate change, that's a revelation. i was not -- >> you expecting that? >> well, you know, again all politics are local, on one hand he's applauded what the president has been doing when it comes to china, you know, he wonders if the chinese, you know, adhere to their side of the bargain and that said in contrast to senator schumer, you know, you have a lot of democrats, liberal democrats who voted for this in the house and probably many in the senate who are pleased pleased with the ent regulations, things that they did not get with nafta and that's why they will vote yes because it's a far better agreement. >> i'm just astonished, lisa boothe is still with me, political analyst, i'm astonished. >> it's interesting because he's poo-pooing a deal, it's quite interesting, look, if democrats have their way on environmental issues, they would kill major industries, they would send jobs overseas and kill manufacturing with things like green new deal, one thing interesting president trump talking about iran mentioning the fact that we have energy independence and this empowers when we are dealing with issues in the middle east, guess what, if even joe biden wants to get rid of fossil fuel, if he was in charge that wouldn't happen, part of the reason why we are energy independent is hydraulic stuart: senator schumer loses nothing by no because almost everybody else would vote yes. climate change in middle of trade deal. >> he did show praise in year's past for trying to fix nafta and praised president trump for trying to do so, this is the change and could be all politics is local as chad just said. stuart: chad is a busy guy, i know he has to leave, i will give you the last 20 seconds, anything to add, chad? >> the other interesting thing here is the position, the senators on the praecipes here, i'm looking at the senate floor of giving president trump his biggest bipartisan policy achievement and here at the top of the hour we are going to have the house managers walk over to the senate and they will formally begin the senate trial, again, this is whiplash day on apple to hill, pass of usmca on one minute and impeachment on the next. stuart: absolutely right, thank you very much for delivering the very important piece of news right there. appreciate it. again, lisa, i mean, they are voting now on usmca, they are counting, literally counting the votes, it's going to pass, president trump gets a big win out of this and in 15 minutes, they'll march over, the death march comes over again, here are the articles of impeachment, let's get rid of it, it's astonishing. >> one benefit it is american people and the other does not, how does impeachment help any americans' bottom line, how am i going to pay the bills, how am i going to pay for health care, how am i going to put health care, how does impeachment benefit them by any means, what's frustrating, everybody knows where impeachment is going, this is movie we have been watching, everybody knows the senate will not get two third vote and they've known that from the beginning, we even saw liberal democrat brenda lawrence who is a d plus 30 or something district, heavily democratic district who had said, she knows how this is going to end, this isn't good for the american people, they will not reach two-thirds vote. they shouldn't do it. ashley: exact repeat of yesterday where we had nancy pelosi smiling away, signing on the dotted line through articles of impeachment meanwhile the president is signing phase 1 of the trade deal with china, it's the same thing today except the usmca and people are onto this, they go glassy eye when you talk about impeachment and to lisa's point we know it's going nowhere, complete of waste of time. stuart: obviously usmca is going to pass and they are counting the votes now but i wasn't expecting the letter from chuck schumer saying oh, no, we can't have this, climate change should be involved, what do you say? >> yeah, it's interesting that democrats are pushing back high-level democrats are pushing back on this, there are so many of the democrats on the senate side that are really for usmca, their districts are there, states need usmca, senator chuck schumer going after the president, i can tell you here at the white house, they do have the staff, the staff has one eye on the vote just to see where the numbers fall going forward. i can tell kellyanne conway said that usmca is one of the achievements of president trump going forward and one of the things he's going to talk about when he gets over to davos still expected to go to davos, talk to other world leaders about how the u.s. can come to trade deals, phase 1 of the china trade deal and usmca will be wrapped up at that point. stuart: edward, we will have positions which happened a lot these days. edward, we will have next tuesday the start of impeachment trial in the united states senate and precisely at the same moment just opposed we have the president of the united states on the world stage in davos talking about trade deal, talk about a contradiction, edward, you are going to see it live. >> right here, right. one of the things that has been happening up to now, you know, house speaker nancy pelosi wait today send impeachment articles until when, yesterday when the phase 1 trade deal was being signed and sort of which way does the american public want to go, do they want to see the accomplishments that are going on or do they want to see some of the obstruction things that are going on in congress. stuart: okay, thanks, edward, by the way, i might add that this development and i will call it a development of senator schumer saying no on usmca because of climate change, he wants more climate change policy involved in it, no impact whatsoever on the stock market, in fact, we have gone up a bit more, we are now up 29,200, that's an all-time high, look, records all across the board as the senate is about to deliver a nice victory to president trump on usmca, they are tallying the votes and reaffirming the votes, that's the huddling going on over there. they've got the votes but not official yet until they recount it and count it and check, we will have the actual numbers for you soon, it should be in the neighborhood of 80 yeas and the rest no's which is overwhelming bipartisan bipartisan win any way you slice it. look who is here, lisa -- it's kennedy. >> it depends, whatever name you want to use. [laughter] >> i know checks always clear. stuart: i'm sticking with the prompter. >> very good, stuart, lovely to have me here. stuart: any input on senator schumer, no, won't vote for usmca there, should be a lot more climate change stuff in there? >> no, there's plenty of climate change stuff and i actually thought that the president did a good job the other day, there was a got-you question from a reporter during one of his longer q&a sessions, do you really think climate change is a hoax, no climate change is real, i want clean water. that's how a lot of people feel, in terms of this deal i don't think the government is the best delivery system for saving the planet. stuart: this is a victory, though, a win for president trump. >> and it is not coincidental timing because you have the announcement of the stage, the first stage of the china trade deal yesterday, coincided with the signing of impeachment articles being sent over to the senate and i love that all of these things, it's like going to a wedding and a funeral on the same day and, you know what as long as you don't cry your make up off you will -- stuart: screens back to back, side by side. lauren: remember 2018 which was the last president who went to davos, he tried to sell america first on the world stage, it didn't really work for him, fast-forward now, he negotiated with china, he negotiated with canada, he negotiated with méxico, a win arguably according to many with iran, how is that going to work on the world stage this year? might be different. might be little different. stuart: the president will make headline after headline. >> the irony, usmca is getting done because of the impeachment, right, what did democrats do, what did nancy pelosi, she said on the day she announced articles of impeachment, by the way, usmca forward because democrats wanted to paint, paint the projection that we are also trying to get things done, it's not just impeachment, we are not just focused on this, we are also focused on the other issues, he might not have this win on, i'm sure he would rather not have impeachment but part to have reason tehran moving forward with this is because of impeachment. stuart: do we have john layfield still with us. >> yes. stuart: are you there, john? >> i certainly am, surrounded by all politicians. [laughter] >> and the dow industrials are now up 175 points, high of the day, have you gotten over your caution about the -- about the china trade deal? >> no, no, i'm just skeptical about china upholding their end of it. i'm happy about the trade deal because it taxon certainty off the equation, and expectation of escalation out of the equation, i think both are very positive for the stock market and the economy, i think the most important thing right here, though, companies like jpmorgan that report early, they become the bellwether for the u.s. company. used to be ge and now it's jpmorgan and jamie dimon, sets the tone for the entire earning season and done it this year, that's why a big part why the market is up. stuart: by the way in our studio we have monitors so we can see the other news stations, if that's what you want to call them, one of them as msnbc, it says soon the senate formerly receives impeachment articles. ashley: yeah. stuart: apparently not interested in usmca, how do you feel about the american media always chasing down president trump? >> it's only helping him at this point and i think, i think the polling kind of bears that out, he is his own worst enemy but they are his best friend in trying to enumerate his flaws and every time you have a new brick on the foundation of a good economy that chose voters, goods might be cheaper for you, you might have a better chance if you have a small business of telling your products in places like canada and méxico and the worries about global recession because of a trade war with china, those maybe eased a little bit and that all adds to not only consumer confidence but, you know, the secret deals we make with ourselves when we enter into a polling place and for a lot of people they've got economic security, that's much more important than -- ashley: i agree. stuart: what bothers me is if you watch almost any newscast this evening or last night, you open and read any newspaper or you look at online feed on your little phone, all you're going to hear about is impeachment. always terrible. dreadful country. >> president pelosi trending on twitter. that's how it works, today she will be president because the senate receives articles. they believe the president will be removed, mike pence knew something therefore nancy pelosi is now -- lauren: remember the jeopardy contestants, they didn't even know who he was? stuart: that's right. ashley: mainstream media and preaching to the choir, they totally buy into it and you have the others on the right-hand side, it's those in the middle have to ask themselves, how is my life, is the economy doing well and generally it is. stuart: if you watch any evening newscast, first thing you see is mike bloomberg commercial. >> president trump had election cycle that he didn't have in 2016 massive war chest. there's earned media, reliant upon the mainstream media, various media outlets and getting message across and there's paid media where you are actually paying to run tv ads, you're paying to run ads on social media and president trump because of his massive war chest can put a lot of money in paid media and when you do paid media, it's your message, your terms, your voice and so that's a vehicle for him to get his message out just by nature of having this massive war chess. ashley: i think it's the economy, stupid. we had in-laws visiting from australia, they said they would give anything to have the economy that the u.s. has right now. stuart: who wouldn't? by the way senator bernie sanders just voted no on usmca. >> he's been no all along. stuart: because of climate change, he's in line with senator schumer. while we have you on the set, kennedy, i want to ask you, don't try to ease out of the set, look into the camera, there you go. [laughter] stuart: you saw the transcript, you heard the audio of the fight that warren and sanders had, liar, liar. >> it's like a pornographic version of cacoon. [laughter] >> did you call me a liar on national television? i did not call you a liar, all right, shut your sweet mouth and get out of here, we will talk about it later on my terms. [laughter] neil: you should. stuart: you should. cory booker just voted no. this is fascinating. ashley: cory who? stuart: at least two presidential candidates. cory booker dropped out. sanders not dropped out. think both voted no. do we know how warren voted? ashley: when we get to warren. stuart: two candidates said no to usmca which is obvious benefit to every single american, they're saying no? climate change is more important >> i can believe it. what they don't want to be doing helping president trump deliver one of his major wins. same reason why minority leader chuck schumer came out against it. defight the fact liberal and moderate democrats voting for it. stuart: are there that many votes on the "green new deal," socialist revolution? is there that many votes in america for that? i can't believe it. ashley: no. stuart: you wouldn't get 10% of the vote. >> i don't think the average american is for a the green new deal because mass government take over. stuart: i have the numbers. 89-10. we know who two of the 10 no votes were, bernie sanders, senator schumer. cory booker. >> free free-marketeers rand pa, mike lee wonder how they voted on it. stuart: i have no idea. >> i have no idea. stuart: you momentarily silenced me. >> it heads to the president's desk after 14 months. after been agreed by other countries. it has been a long time. >> this is signing, not for impeachment. you take the pen, give the pens out. that is what you do for this. stuart: pat toomey, pat toomey is a no. he is a republican i forget which state. >> pennsylvania. >> pennsylvania republican he is voting no. i don't know why he is verying no on it. >> some free traders feel it is too restrictive t doesn't amount to free trade. there is heavy-handed government policy that could in fact stifle the economy in the long run. stuart: it occurs to me. just as the house sends over the articles of impeachment here to the senate the senate sends over the usmca deal to the president to be signed before he gets kicked out of office by the senate. this is utterly ridiculous. i have time. thank you very much to john layfield, lisa boothe, kennedy, lauren, ashley, one and all. yet again. a rock and roll show where it is all happening, live television. you guys do a terrific job. thank you one and all. neil, it's yours. neil: that was live? thank you very much, my friend. we are live as well following latest developments. you know what is stunning about what's going on, the market racing ahead here as the impeachment stuff is happening. as we're getting word from government accountability office said the white house budget office violated what i had shut be doing when it came to military aid with ukraine withholding that. omb responding, this is none of your business. then the most telling of all, interview last night on msnbc with rachel maddow of a key player in all of this essentially saying everything you heard from the administration is a lie. take a look

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