we've got you covered on all fronts. great to be with you on a monday. connell mcshane, reporting live from des moines. melissa: i'm melissa francis live from new york. this is "after the bell." the dow ending up 142 off session highs. we had been up more than 374 points earlier in the day. the s&p 500 and the nasdaq ending in positive territory. the s&p 500 back in the green for the year. check out tesla. the stock is up for the fifth day in a row surging above 700 bucks. way above. 780 in fact after a price target increase and quarterly profit at the panasonic battery business with the automaker. oil settling down nearly 3% today. officially entering the bear market on worries about the coronavirus and you how the outbreak might reduce chinese energy consumption. as we wait for alphabet, democratic candidates continued their push to break up big tech. so what impact could this have on the company's top and bottom line? here now is adam lashinsky, fortune executive editor, fox business contributor. we also have connell standing by there from iowa. and adam, let me start with you. it is an interesting conundrum for tech. they used to be right there the partners with the left, especially a lot of lawmakers in california. now you hear those lawmakers taking shots at tech, talking about breaking them up anytime they can. what are your thoughts? >> i quibble with the word partners. i would say, but i would agree the executives were overwhelmingly sympathetic to democrats. i was thinking about all this regulatory concern compared with the coronavirus concern. you see the latter is a major event because people have no idea what to make of it. the regulatory concerns, they're real but they're out in the future. so i think people try to understand what it means for the stock, can figure out almost nothing, compared with like a true global crisis. melissa: connell, i mean what you do you think about all the talk that happens on the campaign trail especially where you are? you heard democrats, elizabeth warren among them talking about the need to break up these companies and really casting them as the villains, as the enemy? i don't know how realistic is it or is it just chatter? connell: warren is leading the charge in that regard. we were at one of her events over the weekend. bernie sanders pretty much the same drumbeat there is it realistic? we'll see. depends who get into office. some candidates have different approaches, look at mayor pete buttigieg, this is the guy with the first facebook, one of the early facebook users. isn't as aggressive as technology companies as a lot of people are. adam make as correct point, there is so much uncertainty around all these events they're further out into the future. we don't even know who will win the iowa caucus tonight or much less the next democratic nominee or who is the president of the united states after the 2020 election. all of that is in the future. all candidates on the democratic side want to take a pretty good shot at these companies. melissa: absolutely. wall street watching iowa closely. okay. are we -- i believe we're going to susan li with earnings. is that right? >> a big miss for alphabet. the stock gave up all the gains in the regular session in after-hours. we're down close to 5.25%. he had profits beating estimates here. alphabet made $15.35 on a eps basis in the last quarter. came out ahead of estimates looking for 12.53. but revenue and sales slightly below forecast. we're looking for 46.94 billion for the quarter. what alphabet made during the three months is 46.08. it came up short there. we're getting acquisition costs, traffic acquisition costs which is very imperative to the stock price. $8.5 billion. pretty much in line with expectations but it is the revenue and sales that really hammering the stock in the after-hours. guys? melissa: i know 8.5 billion was the estimate. if they came on that acquisition number, if that is what they came in, they hit it right in line. but the revenue light. i don't know, adam, what do you think? >> well, investors don't forgive google alphabet anything. if they aren't growing where investors think they're growing they don't like the stock. it is really, it is really that simple. they're playing a very sophisticated game against the likes of facebook and amazon, to a lesser degree microsoft. there is no room for error from an investor perspective. melissa: yeah. russell hawley with us from future labs. russell, what do you think of numbers you're seeing in terms of earnings per share number if i have to think there is something in there, so far above our estimate was. i don't know if that is straight beat or apples-to-apples comparison, but in terms of acquisition and revenue costs what are your thoughts. >> one of the biggest things a lot of investors were looking for in this particular segment is ad revenue. being able to continue to dem street ad revenue was a huge challenge. the other thing hidden a little bit in these numbers, whether google cloud services were able to increase in, kind of value and market growth and thinks like that, because google's cloud services are third place behind what we see currently with microsoft and amazon. we growth in google cloud services division as well. while that doesn't immediately translate to revenue it is a really good sign for google's continued growth of services not directly related to ad revenue. melissa: google advertising revenue looks like 37.934 million. alphabet quarterly youtube adses, revenue, 4.71 million. connell, when you look at the numbers, what do you think that the biggest issue is looking at when it comes to alphabet? >> looks like the overall sales figure being light. i would point out the stock is clawing its way back. only down a little over within% in after-hours trading. could take more time to digest realizing on earnings per share basis even if that number or perhaps that number is really an apples-to-apples comparison of the at percent glance investors saying boy, that couldn't be true. google is figuring out a way to make money and more money than expected while sales are down. to russell's point, there are exceptions these large companies and russell is right. where is the next growth coming from? cloud business or youtube? especially core business, ad business starts to maybe decelerate a little bit or slow down a little bit and those would be concerns but at the end of the day not the end of the world, right, to see google off 2% after-hours. melissa: adam, doesn't seem like google takes the same abuse from regulators. facebook is always on the tip of anyone's critical tongue, even when you go to george soros writing that opinion piece in "the new york times," saying mark zuckerberg and naming sheryl sandberg saying they need to step down from the company. google, it is on every computer, every search. they're watching everything we do but for some reason seems like they're not as much of a target. why do you think that is? >> two schools of thought on that. one is their time will come. i have heard that. second school of thought is that their product while so pervasive and so powerful hasn't been quite as manipulatable if that's a word as facebook or was particularly in the 2016 election. it is tailor-made for a bad actor to go in and do something bad with it whereas google, think of it as peanut butter. it spreads a lot thinner than facebook. melissa: russell, were you laughing during that? was that you you? >> i was. just kind of following up on what he just said there, it is really important to highlight facebook had challenges and google had challenges when it comes to privacy things. google responded to privacy things saying this is clear-cut set of lines we're going to follow to make sure that doesn't happen again. facebook has not done that and that is a really important distinction to make. as facebook looks the kind of privacy eschews it encountered and changes they made so far has not addressed those problems. a big reason why the criticism is sustained. it is not demonstrating it won't happen again. melissa: adam, what do you think about that? what would be the first question for the call. >> in terms of privacy, what russell is talking about, they have given a perception being really responsive on youtube which is their biggest area of concern. remember youtube is relatively small part of their business. facebook is not a relatively small part of facebook's business. all that matters for discussion we've been having is teasing revenue growth. the other stuff is gravy for google. ad revenue is google. melissa: okay. stock getting hit right you now. down about 29 bucks after-hours. adam and russell, thanks to both of you. meanwhile focusing on the economy, president trump back in washington preparing to make his third state of the union address tomorrow night. what to expect from the president as the impeachment trial winds down on capitol hill. plus a lot more from out there in iowa. connell? connell: yes, we do have a lot more from out here in iowa. high-stakes in a key battleground state this evening. the caucuses could give vital momentum to the candidate that comes out on top. we'll talking about it. democratic contenders making a final pitch the last few days. we had a front row seat on the campaign trail. we'll show you that when we come back. i like 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? 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[cheers and applause] >> 100% biden. connell: tell us why. >> biden can get things done. biden has experience. he has been around. he was vice president. he is very knowledgeable. >> i am making up my mind. it is a tough decision. connell: you said you feel like you almost belonged here. what do you mean by that. >> i haven't committed to joe. connell: this event looks more crowded than the first. they're packing into a high school gym in iowa city to see senator elizabeth warren. [cheers and applause] >> yes. connell: we were at vice president biden's event, a number of voters said they're undecided. tell us. >> i'm not undecided. i stood with elizabeth since she stood on the senate floor and persisted. >> people are trying to copy some of their plans. they don't have the stamina and organization to make those plans a reality. connell: we're now at a bernie sanders rally in cedar rapids. this is definitely the loudest, most enthusiastic, youngest crowd we've seen so far. [cheering] >> finding someone that i find trustworthy in politics that is something i didn't think would happen. connell: there has been a lot of talk amongst us in the media, that he has momentum. you're never sure. do you feel it, enthusiasm? >> definitely. i mean, a good place to look at social media. i have seen all of my friend talk about hot girls for bernie. hot boys for bernie. connell: almost time to caucus for iowa voters. we're squeezing in one more political event. we're in des moines with mayor pete buttigieg. >> usa. usa. >> you know pete brings a discipline, and character to the campaign. >> most disciplined candidate. >> i think anytime the democratic party's play is safe we've lost. connell: that gives you you a sense what the voters will be thinking about this evening. moments from now we'll speak with "special report" anchor bret baier what he is expecting in in the caucuses. speak of caucuses what is a caucus anyway? later in the show we'll talk to you about what is happening here. melissa, what else. melissa: boy you have been busy. the only major candidate not in iowa, mike bloomberg unveils his 5 trillion-dollar tax plan. doesn't that sound great? 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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 melissa: presidential message. president trump delivers the state of the union tomorrow night at 8:00. dan henninger join us from "the wall street journal" and also a fox news contributor. i don't know how much political news we jam in one week. we have the caucus, more on impeachment. then the president will give his state of the union. i know you will watch nancy pelosi over the president's shoulder during the state of the union. >> can't wait. melissa: what else will you be looking for? >> the white house is putting out this will be a state of the union speech dedicated to the president's accomplishments. you know, las vegas, bookmakers have to take odds whether or not the president at some point reps in to the democrats and nancy pelosi over the impeachment. and, my guess is that he well not. that he will really will rise above it to talk about his accomplishments. keep in mind, democrats, especially with the impeachment are trying to run against donald trump head of the evil empire, rather than donald trump the 45th president of the united states who in fact is doing things while he is in office. while they want to run against the evil empire, president trump will stand up there describe a president who has been at work the past three years. melissa: in the past when they tried he will say record low african-american unemployment. they will try not to clap. how are you not clapping for that? seems like it is a good thing for a constituency that you claim to represent. it will be interesting to see their reaction. how much, i mean he will talk about the economy. what else do you think he will hit on? >> i think he will talk about the economy. he will talk about jobs indeed, extraordinarily tight jobs market. what it has done for people. i think he will talk about deregulation of energy, health care, contributions, that deregulation have made to the stronger economy. he is probably going to talk about subject of his ad during the super bowl. melissa: yeah. >> people who are in jail, in prison, have been let out, their sentences reduced. probably will talk about immigration, the wall. he will certainly talk about the trade deal, phase one trade deal with china and with mexico and canada. i mean it will be a long list of things i believe addp to a president who has been at work doing real things, contrary to the impeachment proceedings given the impression. melissa: in spite of how much democrats tried to start him. meanwhile targeting the rich. michael bloomberg unveiling a five trillion dollar plan aimed at corporations and wealthy americans. the proposal would impose a 5% tax on incomes over five million dollars a year and reverse president trump's tax cuts. this is not the mike bloomberg we knew here in new york city. now he really wants to punish people who make money. >> precisely the point, melissa, this is big reality check for a lot of people, who you do run into individuals who say they want to stop after four years of donald trump. maybe they can get off that train. mike bloomberg would be an alternative. look, mike bloomberg's tax plan suggests extent to which left-wing ideology has taken over the democratic party. he himself is calling it, quote, unquote, progressive tax plan. this is only the opening bid. raising taxes on the rich, capital gains to ordinary tax rates, lowering threshold on estate taxes, if democrats gain in congress at all they will increase the taxation that mike bloomberg is proposing. melissa: yeah. >> i would add one more thing. climate change is one of mike's big issues. sitting behind climate change is likelihood of a carbon tax. add a carbon stocks what he is proposing, talking about a lot of new taxation. melissa: yeah. i think we'll leave the country, dan. thank you. back to connell in iowa. connell: thank you, melissa. joined by "special report" anchor bret baier in des moines. like me i know you spent your weekend out to candidates talking to voters. anything stand o