Transcripts For FBC Varney Company 20200210

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the market, though, standing aside, barely moving. the dow is up 846 points for all of last week, big week. this monday morning it's going to be down about 50. down four on the s&p and maybe down 10 for the nasdaq. standing aside for the moment. at 11:00 this morning, the president addresses the nation's governors. you are going to see it. then he's off to new hampshire. he's going right at the democrats with a big rally tonight right before the primary tomorrow. the democrats, meanwhile, at each other's throats. divided and angry. in the latest poll, bernie has opened up a small lead over mayor pete but biden and warren trail badly. now, just wait until you see what's happening to tesla this morning. "varney & company" is about to begin. they told me i only have 45 seconds up here which is 45 seconds more than the senate gave john bolton this week. i'm thinking maybe quentin does a movie about it in the end, people do the right thing. >> working people have it harder and harder these days and we believe that things will get better when workers of the world unite. stuart: i had forgotten that expression. workers of the world unite. brad pitt started it off getting political, accepting the oscar for best supporting actor. then we had the winner of the best documentary quoting yeah, it was the communist manifesto, during her acceptance speech. i know you can't wait for it but i have to. more on that a little later. now then, tesla, definitely stock of the day. it's up on reports that authorities in shanghai are trying to get the factory, the tesla factory, to reopen there. it's also up on an intriguing report in "forbes" magazine speculating, pure speculation, that google could buy it. google could buy tesla. i've got some raised eyebrows here. susan li -- sorry, we have to get to susan shortly. that's the story in a nutshell. the shanghai factory, they are trying to get it open. that's a positive. and there's this story in "forbes" that's purely speculating that google could buy tesla for $1500 a share. could do it. okay? lauren: that gives google a $2 trillion market cap. stuart: we have susan at the exchange. no, we don't. do we? no, we don't. okay. thanks very much. now then, let's move on. the latest from that virus. no laughing matter here. 60 more cases on the "diamond princess" the ship that's quarantined off japan. there's 100 cases on that one ship? lauren: 135. 135 cases. in total. so this is the cruise ship, t that's docked in japan. there are 3700 people who have been quarantined for one week already on that ship, another week left to go. basically, all of them are raising their hands saying test us. these numbers keep growing, is the quarantine working but they don't have the supplies to test everybody. they are testing on the most extreme basis first. 65 additional cases bringing the total to 135. stuart: that's a human tragedy. absolute nightmare when you think about what conditions -- millions of people are living like that. it's just an awful thing. i will stay on the virus and bring in market watch eer keith fitz. i believe you are still saying the markets are underestimating the virus. is that your position? >> that is absolutely correct, stuart. what we are seeing played out on that cruise ship is a microcosm of exactly what i'm worried about. we have pre-symptomatic exportation in terms of these patients because of the speed at which we travel. if we have the virus get loose in a very compact city area, the problem is that we have a perpetual bloom, especially in the dense cities around the world. stuart: it's not the expansion of the virus in that respect, it's how much it slows china's economy. that's what you've got to watch for, isn't it? >> well, again, i think the human cost is being totally underestimated, because it's going to slow production. here in the united states, for example, it is highlighted already the fact that we don't have a national medical supply chain. much of our medical supply chain actually comes from china and they are turning those ships around right now. stuart: stay there for a second. i want to bring in china watcher steven mosher. the authorities have already taken what i would call draconian action. is it working, and can we proceed on the expectation that this virus peaks at some point in the near future? >> yeah, i think the chinese communist party can do one thing well and that is launch a war and control any aspect of the economy or society they want to. meanwhile, they neglect everything else. right now, xi jinping has declared a people's war against the epidemic but let's translate that into english. what that means is there is now a war on people who have the virus. they are going through and they are radically amputating from society, isolating, quarantining, whatever you want to call it, people who show any signs of the virus. that's why they are building these thousand bed hospitals. they're not hospitals -- stuart: i understand that we don't particularly care for the communist party, but i'm wondering what else can they do? >> no, they will succeed at controlling the epidemic by these draconian means. they are going door to door in wuhan, they are going door to door in the other cities that are quarantined, anybody who has a sniffle is going to be told to report to one of these containment centers and they are going to control the epidemic that way, in a way that quite frankly, southeast asia and especially africa will not be able to do. now, we have seen the epidemic spread in wuhan. what i'm waiting for now is to see what happens to the east, to the west and the north and south, because they are much earlier on in the spread of the epidemic. will we see a full-blown epidemic in other major chinese cities or not. if so, china inc. is not just shut down for one month, it's shut down for two or three months. the jury is still out on that. stuart: okay. i got you. that's a serious situation indeed. thanks very much, sir. appreciate it. let me get back to tesla. yes, it's still up nearly 55 bucks on reports that the authorities in shanghai, they are trying to help get the factory reopened and there's this report in "forbes" as well. let's deal with this first. susan at the exchange, tesla trying to get the factory reopened. susan: from all indications, it looks like the $2 billion facility will be back up and running. don't forget this stock took a hit last week because they said they would delay february deliveries because of that closure over chinese holidays but also because of coronavirus. indications are it looks like the joint giga battery and car factory will be reopened in february. we also just got reports that says google may be looking to acquire tesla for $1500 a share. that's a 100% markup to its current trading price and they say tesla will be on its way to a $1.5 trillion company. the reason they say google needs the technology, even though they have waymo and they also have cash on hand, $120 billion cash on the balance sheet. yes, they would have to up that to $230 billion to buy tesla, but then they could also ramp up production to eight million units a year and license the self-driving technology in the future. will they do that? we have heard this before over and over again that companies want to buy tesla. last year it was apple, it was even toyota, ford has been floated, daimler along with other companies as well. but the question is for you, stu, does elon want to sell especially with the stock at $800 apiece? i say no. stuart: well, no idea. but i'm intrigued at the speculation that google with all that money that it's got, all that cash, it does make a good fit to go out and do something with tesla. it's pure speculation at this stage but interesting speculation, at that. it really is. susan: apple has the cash, obviously, but do they need tesla, does tesla need apple? that's the question. stuart: when you have technology companies with $100 billion cash, you can get some speculation about that. susan, we will be back to you shortly. thank you. now, how about alibaba. they have set a february 17th date to be up and running again fully. the stock is just down a buck, $215 on alibaba. now then, what have we got? ford motor company. they have reopened a factory in china, or so it is reported to us. that stock is still $8 a share. then we have apple, may postpone the launch of the cheaper iphone due to disruptions in the supply chain because of the virus. apple is down five bucks this morning. that's obviously hurting the dow. 1.5% down on apple. overall, this market does open to the downside this monday morning. maybe 90 off for the dow, 21 for the nasdaq, 8, s&p. at 11:00 eastern time this morning, the president delivers remarks at the white house business session with our nation's governors. when the president speaks, you will see it. gaffe machine joe biden, here he comes again, he's unleashed on a voter in new hampshire. we've got the sound for you. you can't believe it. speaker pelosi has condemned an edited video of her state of the union stunt, you know the ripping stunt, released by the president. let's have a look. roll it. >> and he also happens to be ian's great grandfather. stuart: speaker pelosi now wants that video removed from facebook and twitter. more "varney" after this. hi guys. this is the chevy silverado with the world's first invisible trailer. invisible trailer? 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(woman) when it comes to digital transformation, verizon keeps business ready. ♪ stuart: well, let's have a look at amazon this morning. it's on the upside. at its current hiring rate, it could soon employ a million people. what's that, around the world? ashley: around the world. the latest number according to the latest earnings report was 798,000 full and full-time jobs around the world. more than half a million of those in the united states. in 40 states. they actually have 30,000 open positions right now in the united states. their growth rate was 23% year over year for the last numbers. if they do keep up that pace, they are going to be right at a million within a year. stuart: keith fitz, come back into this. it occurs to me a company that employs a million people around the world is an extremely powerful organization. >> oh, absolutely, because think about how amazon's been built, right. it's not just about selling, it's not just about the consumer. it's about the intellectual capital. any time you get that many smart people working for the same company with the same goals, i think you've got extraordinarily -- an extraordinary investment potential. stuart: would you buy it at $2082 per share, where it is now? >> if you got the right time frame, i have no problem recommending it right here. stuart: just out of interest, you could actually buy one share of amazon or ten shares, couldn't you? because not many people can afford 100 at $2,000 apiece. >> that's a very important point. i talk about that with my customers all the time. you can't just run out and buy 100 shares of amazon. but you can buy one share. the percentage gains are the same. if that's what you can afford, get in it. it's one of those stocks you will kick yourself years from now if you're not. stuart: okay. i'm listening to you. i'm listening. thanks. the white house has released the new budget. joining us, monica crowley, who is currently with the treasury department. welcome back. good to see you. >> hi, stuart. nice to be here. stuart: look, i have seen the "wall street journal" headline on the budget. it says white house budget hits the safety net, cuts of 26% to the epa,do you see it like that? you have hit the safety net? >> well, when the president entered office, stuart, he promised to revive the u.s. economy through tremendous economic growth and rebuild america's military capabilities. he is delivering on both of those promises. but the president also understands that washington's habit of out of control spending without consequence has to be stopped before it threatens the economic prosperity that we are all enjoying as the direct result of his common sense pro-growth economic policies. so he's proposed a budget that will bring or at least aims to reduce deficits by 4.6 trillion over the next ten years and brings the budget into balance over the next 15 years. it also strives to bring our budgets back into historical averages in terms of the spending that the government is doing, keeps taxes low and also targets wasteful and unnecessary spending. so the administration believes if you pair that kind of spending restraint which we really haven't seen, that kind of spending restraint with the kind of pro-growth economic policies that are delivering this booming economy, that that will keep the u.s. economy thriving. stuart: of course, it is a broad outline at this point and speaker pelosi has rejected it already, actually before she even saw it. let me move on to tax cuts. 2.0. vice president pence had something to say about that. roll tape, please. >> oh, they're absolutely coming. i expect we'll be talking about that before this election year is out. it's one of the reasons why we are going to focus so much energy on making sure that not only do we get president donald trump four more years in this white house, but we are going to make sure that we re-elect a republican senate and elect a republican house of representatives. stuart: monica, you are at the treasury. n you know what's going on. can you tell us any more about what kind of tax cuts and for whom the president is making these proposals? >> well, last year the president tapped his economic advisers, including the vice president and secretary of the treasury, steven mnuchin, larry kudlow, his chief economic adviser, with coming up with tax plan 2.0. we have the tax cuts and jobs act which was signed into law late 2017, helping to deliver this booming economy, and the president said you know what, that's not enough. want to boost growth even more. so he's tasked his economic advisers with coming up with a new set of proposals. what the vice president and mr. kudlow have both talked about publicly is that the president would like to aim a new round of tax cuts directly to the middle class to boost growth and prosperity for them, and what the vice president and larry kudlow have talked about is perhaps new adjustments in the tax brackets which were already reduced through the 2017 tax cuts and jobs act. so we will see what they come up with but the vice president is right that the idea that it would be passed this year with a democratic congress is not very likely and so he's making both an economic and a political case going forward after 2020 that in order to keep this prosperity going, we really should -- the president is really intent on making sure that he is the political environment after this year in order to get it done. stuart: and he will get re-elected. good stuff. thanks very much for joining us again, monica. always good to see you. >> always a pleasure. thank you. stuart: see you soon. news corporation has announced record subscriber growth at the dow jones and "wall street journal". that is the company under which we work, i believe. formerly. the stock is unchanged. l brands nears a deal to sell victoria's secret. i think we have a problem with the computers there. how about futures overall? i regret to say we are going to be down, down maybe 100 for the dow, 9 s&p, 27 nasdaq. now this. joe biden lashed out at a voter on the campaign trail. watch it. >> you ever been to a caucus? no, you haven't. you are a lying dog-faced pony soldier. >> lying dog-faced pony soldier. okay. we have the rest of what he said in a moment. bet you can't wait. more "varney" after this. alexa, tell me about neptune's sorrow. it's a masterstroke of heartache and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. can you help keep these iguys protected online?? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today. we choose truth over fact. >> you want to check my shape, let's do pushups together. let's do whatever you want to do. >> look, here's the deal. >> why you doing that? why wasn't an apology enough, mr. vice president? why, why, why, why you getting nervous, man? >> you're saying things you do not know what you're talking about. no one said that. who said that? who said that? stuart: well, those are the gaffes you know but he's at it again. t take me through it. ashley: a young student, young female student, asking the former vice president based on his poor performance in iowa how can he remain competitive in the race. good question. here's what he answered. >> good question. number one, iowa's a democratic caucus. ever been to a caucus? no, haven't. you're a lying dog-faced pony soldier. you said you were. you got to be honest. now i'll be honest with you. it was a little bit confusing in iowa. ashley: little bit confusing answer. lying dog-faced pony soldier. he says it's from a john wayne movie. i guess it's "hondo" in the 1950s although that particular phrase is never said in the movie. it's just a strange thing to say. he said it before. odd. stuart: where did it come from? blurt it out like that. okay. we are looking at futures market that suggests a downside move at the opening bell. we will take you to wall street after this. i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪ 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: 9:30 eastern time, they're clapping and cheering so we will be opening this market in just a few seconds. of course, it is monday morning. there was a sharp downside move last friday. people were worried about holding stocks over the weekend because of course, you could get some pretty bad news about the virus come monday morning. we got some bad news on the virus but it's not hurting the market that much, although it is a factor. here we go. three seconds, this market is open. i predict it's going to be down maybe about 100 points for the dow industrials right from the get-go. we are just waiting for the stocks to open, any moment now. there you go. predominantly in the red. i would say three-quarters of the dow 30 are in the red and the dow is now down 100 points. that's about a third of 1%. the s&p 500, let's have a look at percentage terms here, down about .25%. the nasdaq composite is down less than .25%. the big loss in the dow, smaller loss in technology companies. stock of the day, tesla. "forbes" is purely speculating, speculation on "forbes" that google could buy tesla for $1500 a share. they have also got news they could be reopening their factory in shanghai with help from the local authorities. that's helping tesla, up 50 bucks. let me see the trillion dollar club. there are four stocks in it. the only one that's up this morning is amazon. apple is down 4, microsoft just down a fraction. all of them still at the trillion dollar level. who is with me on monday morning? yes, they are all here. the entire conspiracy. dr barton, ashley, lauren. okay. i have a clip of you from last week, you. >> me? stuart: talking about tesla. roll it, please. >> if you like tesla and you like their long-term story, we are going to get a 25% pullback from here in the next six months. wait and buy it on that pullback. it will happen. stuart: i'm just going to straighten something out here. i believe you just saw tesla's stock on the screen. that's wrong. tesla's stock is up 5%. lauren: 5.6%. stuart: that's a wrong quote. what have you got on tesla? >> i did say it was going to drop 25%. i didn't think it would happen in 48 hours from when i was on the air but it did indeed. ashley: $803 right now. >> when you start hearing about kids sitting in college dorms going i'm not going to go to class, making money is so easy when you're buying tesla stock, you know we are in a bubble. i think we are still in that range. i'm not buying it anywhere close to here. get some at $600 when you can. lauren: a lot of people are, the average volume on a stock like tesla is 18 million shares. it saw 60 million shares change hands on some days last week. there was so much frenzy in tesla and the shorts got absolutely squeezed, losing $8.4 billion since the beginning of january. $8.4 billion in five weeks. stuart: let's explain this. if you bet against tesla, you are shorting it. you are saying you expect the stock to go down. you take that position. when it goes up, and it did go up a lot, what did they lose, $8.4 billion? lauren: in five weeks. stuart: there you go. now we are up $53 on tesla. $801 a share. cruise lines, i'm not surprised they're down after all we are hearing from these cruise ships. 60 new cases on that one cruise ship alone off the coast of japan. look, do you think the full impact of the virus has yet been felt on the market? >> not on the market in general, for sure, and not on travel companies, especially cruise lines. three to six months, you can't even consider putting a cruise line into your portfolio right now. carnival cruises, down. they will stay down. they will have trouble getting people back on the boats for a little while. i think the one thing that's on my radar screen, we will start reopening factories in china. they have already started in some more -- even u.s. companies, but all kinds of companies. when that happens, more chance for human-to-human contact, we might get a reacceleration in this growth curve that has been really dropping. nobody's talking about we are only making about -- ashley: you know, just when we think we are getting a handle on this thing, we get a renewed report out of china that shows maybe that's not the case. what can we believe that's coming out of china? the markets are very cautious right now. it has to have a significant impact on the chinese economy and what about multi-national companies in the u.s. that to a lot of business in china. stuart: how much of a slowdown does china take? lauren: the world health organization says today, in fact, we are just at the tip of the iceberg when it comes to contagion among people who haven't been to china. don't necessarily have to go to the epicenter to have other people infected. we are just beginning to learn that. stuart: as this news comes out, look at the dow. we opened down 100, now we are down 11 after just four minutes. ashley: the nasdaq just turned positive. stuart: take a look at the ride sharers. last week, uber said, their chief executive, said we will be profitable by the end of this year. both stocks are up this morning in an otherwise down market. you got a piece of lyft, haven't you? >> i do. i own a little bit of lyft. i'm under water but not by much right here, stuart. i still like that industry in general. i think lyft has a quicker path even to profitability. they have done, out of their last for reporur reports, lyft e really well in three. they will do about $1 billion in revenue. we could see a pop on this. stuart: i really wanted to get into this brand new industry. i kept saying -- i'm just worried about the head winds for uber, especially in california. that rule just -- the politicians [ inaudible ]. that's a fact. check the markets. we are down 15, 16 points for the dow, 29,082. news corporation announces record subscriber growth. the dow jones and "wall street journal" flat at $14 a share. this is an important get-together. a mall deal may be in the works here. simon property group acquiring talbin centers, all cash, $3.6 billion. they're two big mall operators, they're getting together. i would read into that small closures. a consolidation and pull it down. i do own a little bit of simon property group. look at that. just went down. amazon, as we said earlier, at its current hiring rate will employ a million people by the end of the year but you are looking at alibaba, aren't you? >> i am. i think what's going to happen, we will get more bouncing up and down as the china fuller disclosure comes out. i think the virus has been on a strong down trend and that's what's keeping the markets up. analysts are looking at this going it's not that big a problem outside of the containment areas. it's not growing in the foreign cases and as we continue to get chances to buy alibaba on a pullback, you got to put this one in your portfolio. kudos to you for that. this is a put it in your portfolio, look at it ten year later stock. stuart: if i'm alive in ten years. i do own a thin sliver. by the way, we just saw amazon hit a new all-time record high, crossing $2100. it's $2113, up 34 bucks. that's up $1.65. let's get back to what we like to call the retail ice age. sears, kmart closing more stores. i didn't know they got any more to close. lauren: i know. they are closing 96 sears and kmarts, leaving them 182 stores. there are still 182 sears and kmarts out there. you will see liquidation sales. they are expecting to go on through april in some cases. stuart: we didn't play the organ music but perhaps we should. here's a story i could never wrap my arms around. the chicken sandwich deal. okay. the parent company of popeyes got a real profit boost because of their chicken sandwich. ashley: never underestimate the power of a chicken sandwich. i think you do, stu. here's proof that you can't. revenue overall for this company, for popeyes alone, sales were up 42.3%. same store sales up 34%. they are owned by restaurant brands, also own burger king and tim horton's but burger king's sales rose 8% but popeyes was an incredible crushing number. sales up 42.3%. the chicken sandwich. stuart: who would have thought? did you really think -- ashley: no. it's a chicken sandwich. stuart: i was arguing with our producers. i don't want to touch that story. so what, popeyes has a chicken sandwich. so what. their sales are up 42%. ashley: incredible. and same store sales up a third, up a third in same store sales. cars lined up around the block. i tried to get one, i got one early on. it was delicious. went back when they relaunched. there was such a line, i just said nope, going to chick-fil-a. i think this area, i'm not in love with it but if you want to put some money to work in fast food, stick with the pizza folks. go to papa john, to dominos, they are doing well. everybody eats pizza, even in down times. stuart: bitcoin has reached its highest level since october. $9,839. at one stage it actually crossed ten grand. this is a flight to safety related to the virus? >> i always hear this and i have got the data that shows that it is not a correlated market to the s&p. in other words, bitcoin doesn't go up when the s&p goes down, but i do think that we get quick pockets of when we're in the case of people have that fomo, fear of missing out on rising markets and they want to play something and all of a sudden, tesla's not working, okay, i'm going to jump back into bitcoin. there are people looking for the fastest moving thing today. that's when bitcoin makes its pops, when other fast movers aren't working. stuart: fine service today, young d.r. thanks for being with us. a look at the market. we have come all the way back. we are down just 12 points as we speak. 29,088. i'm pretty sure much of that loss in the dow is accounted for by apple which is down two or three bucks. i think that's what's moving the market. the dow industrials to the downside. coming up at 11:00 eastern this morning, the president delivers remarks at the white house to the business session with the nation's governors. when he speaks, you will definitely hear it here. comedians chris rock, steve martin, they poked fun at amazon's jeff bezos last night. watch this. >> jeff bezos is so rich, he got divorced and he's still the richest man in the world. stuart: i'm glad he laughed. he did laugh. glad the camera was on him. more from the oscars in our next hour. democrats have been trading barbs and we are following it. we'll be right back. begin to tell you... how bright you shine. how strong you are. how brilliant... unique... how you're... my rock. my diamond. for the diamond in your life, there's only one diamond store. it's the valentine's day sale. get 25% off everything. including these special deals. at zales, the diamond store. ♪ stuart: wonder if ashley's mic was open. he was singing along with frank. ashley: sinatra. come on. it's fantastic. stuart: we are playing that song because mayor pete is getting under joe biden's skin, as they head into the new hampshire primary. just watch this for a minute. >> this guy's not barack obama. barack obama was a united states senator of a really large state. but i do not believe we're a party at risk if they nominate me and i do believe we are a party at risk if we nominate someone who has never held a higher office than mayor of south bend, indiana. >> we are for honoring our troops. stuart: i think we need to bring in a professional. here is fox politics editor. look, it seems to me that all this in-fighting among the democrats, although typical in the primary season, it's actually really good news for president trump, isn't it? >> well, i mean, sure, if they have a bad nominee. primary fights are, let's start with one thing. primary fights that democrats have to be worried about isn't between the relative moderates, the mainstream democrats like buttigieg and biden. it's between biden in his lane and bernie sanders. that's what it's about. that's the division inside the democratic party that's every bit as deep as the one in 2016, was between donald trump and the republican establishment. that's the one that hurts. this is spatting. thises ju is just going back an forth having little spats, saying this about the other person. the other thing is joe biden is sort of wrapping up shop. he told the debate audience on friday here in new hampshire he's probably not going to do very well in new hampshire. he's been -- he and his campaign have been pretty clear it may not start to look good for them until the fourth contest in south carolina. so he's short of -- he's not a contender here and he's starting to be -- he's sniping, starting to act em bittered, running attack ads. it's not a good look. stuart: i just got the feeling biden and warren, this is their last hurrah. i don't see how they come back. >> well, certainly for elizabeth warren after an underwhelming performance there, remember, where we sit is in the boston tv market, many massachusetts residents live here. if she can't do well in new hampshire, she can't do well. so that's her real problem. for biden, this is existential. if joe biden comes in fourth place or something like that, in new hampshire, any argument that he has that he should be the standard bearer for the mainstream democratic party, there is no way he can make that case anymore. then it becomes a discussion is it mike bloomberg, pete buttigieg, amy klobuchar. stuart: can i just throw this in. i have been saying for some time i think it's mike bloomberg who gets the nomination. i think he can buy the nomination but he cannot buy the general election. what say you? >> well, i don't know. you can buy a lot of stuff. the reality is if pete buttigieg does well here, in new hampshire, after a good first outing in iowa, if he does that, it would be hard for democrats to deny him because if he can demonstrate that he can win against seasoned opponents, if he can demonstrate that he can keep doing this, that's a big deal. he could really pick up momentum and roll out here. that's why arguably nobody has more at stake in new hampshire than buttigieg. if klobuchar catches him or he slips to third place or something bad happens for him up here, it would derail that. but boy, gosh, if he could somehow pull off a win here, that's a big deal for him. stuart: okay. did you see the "new york times" headline? post-impeachment of key republican suburban area rallies around trump. they are talking about the milwaukee suburbs. that's really not good news for the democrats, is it. that's really a big plus for trump. >> we think about the three upper midwest states, pennsylvania, michigan and wisconsin, that made the difference for trump in 2016. these are the states around which basically the contest is being shaped at this point. wisconsin has all along been the best one of these for trump, his best chance to win. basically he's got to win two of them or find a way to make up for it some place else. wisconsin has been his best, although it's the widest of the three. they have had the lowest college education rate. this is -- and the most republican of the three states. this is his best place to do it. it's very clear that the impeachment has been a force for republicans, just like it was previously with the kavanaugh appointment, this is exactly how it's supposed to work for them. stuart: you know how i spent my weekend? you don't so i'll tell you. the weather wasn't great, there was no good soccer on tv, so i looked on youtube and i looked back at the election results of 2016, the night of the election. i was watching abc, i was watching cnn, i was watching msnbc. it was absolutely fascinating when wisconsin fell, the dejected expressions on their faces was just something else again. you ever look back? >> no. i say this with real love but who cares? we got enough to figure out about what's going to happen here in new hampshire. we got enough to figure out w s what's going to happen on super tuesday. our decision team, our fox news analysis team, we have so many walnuts to crack up here, we don't have time to scan through youtube for the greatest hits of 2016. stuart: all right, chris. see you very soon. that's a fact. thanks very much. thank you. check that big board. it's really a go nowhere market, trying to assess the impact of the virus. we are down 12 points. that's it. now, the ten-year treasury yield, where is that? it's down to 1.56%. so money's going in, price up, yield down. flight to safety. got that. how about the price of gold? i presume it's up. yes, it is. up to $1576. there is a bit of move to safety. oil, there's a story. $49 a barrel. that means gas is going to be a lot cheaper. it's already cheaper. $2.43 is your national average. it's down 19 straight days -- ashley: going to be $1.99 somewhere. oklahoma, right? stuart: you weren't here. 8,000 stations in america, this was friday, where you can get $1.99 gas. 8,000 stations. i paid $2.31 in jersey. lauren: $2.32 in jersey. missouri and texas are just above $2 right now. state average. they are probably going to $1.99. stuart: check the dow stocks and you will see most of them -- no, it's about even split. 50/50, green/red. up/down. i'm going to be honest. this was written for me, okay? i don't really love race car driving. i told kurt busch this when he was on the show and coming up, is daytona 500 pole sitter, ricky stenhouse, jr. can he convince me? i will ask him? parked it right there. male voice: what did i tell you, boys? tonight we eat like kings! 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(brakes squealing) what's happening? what? there's a half of cheesesteak back there. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. raccoon: i got the cheesesteak! that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. and save even more when you say "bring my own phone" into your voice remote. that's simple, easy, awesome. click, call or visit a store 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: what are you going to say to the audience? all you've got is a bunch of cars. >> that's rubbish. is this your cup of tea? stuart: it's just a superior sport. >> oh, really? stuart: it's a fantastic sport. well, i should point out that the daytona 500 comes up on sunday. it's on fox, by the way. that was me couple of weeks ago asking defending champion kurt busch, telling him i just don't like nascar. however, i'm going to take all of that lot back, because the gentleman sitting next to me is ricky stenhouse jr. he's a daytona 500 pole sitter, the best position to be in. welcome to the show. >> the best. this is probably the second best, right? stuart: well, i do take it all back. i understand that it's a two and a half mile track. to get that pole position, you did that two and a half mile track in 46 seconds. >> yes, sir. we averaged over 194 miles an hour. my team built a really fast kroger chevrolet and i was just -- i just went -- held the throttle down. my team built an amazing car and everybody should tune in and watch. stuart: it's on fox. of course we will. >> you're going to watch, right? stuart: norwich plays liverpool. >> you're going to watch. stuart: you got a teammate? >> i do. stuart: do you work together? >> we will. we actually are in a dual race on thursday which sets the rest of the field lined up. so if he can win or finish second, he can start right behind me in the great american race. stuart: how far away are you from the other cars at 194 miles an hour? >> we are bump drafting each other. we are three wide. we are close to each other. sometimes a little too close. yeah, we will bump each other at 200. stuart: i've got to watch. okay. i will watch. why not. boost fox's ratings. >> i know soccer bumps each other here and there but they're just running. we're running 200 miles an hour. stuart: that was fun. ricky stenhouse, hope you win. come see us soon. good luck. i'll be watching. i've got to tell everyone, 11:00 this morning, the president delivers remarks to the governors in the white house. when he speaks, you will hear it right here. we'll be back with an editorial about mr. trump. . . stay restless with the icon that does the same. the new rx. crafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. doprevagen is the number oneild mempharmacist-recommendeding? lease the 2020 rx 350 for $419 a month for 36 months. memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. stuart: it's a direct clash, trump versus the democrats. tonight he rallies in new hampshire. tomorrow, the democrats fight it out in the new hampshire primary. it is not an even contest. a triumphant trump is going right at them. he rides in with 100 million-dollar war chest, a booming economy at his back and the pelosi ripping embarassment not forgotten. he is energized. he is on a roll. a huge crowd will cheer him on. but, oh, what a contrast. the democrats are attacking each other with a vigor that warms the heart of republicans. they're at each other's throats. they have no answer to trump's prosperity and no answer for the lack of enthusiasm for their candidates. it is not just an enthusiasm gap, it is an enthusiasm canyon. that is what is really worrying the democrat. the low turnout for their side in the iowa caucuses. just hating trump is not enough. they need a policy platform that attracts middle america but they don't have it. by all accounts, a socialist, bernie sanders will win the new hampshire vote. is middle america honestly going to vote for guaranteed recession? because that is what would happen when massive tax increases. the rest of the pack they're no better. they all agree on tax hikes. it is just a question of how much. they all agree on killing energy independence. just a question over how long a period. they still haven't learned hillary's deplorables lesson. they still think we are bigoted and stupid. insulting 100 million voters is not a good political strategy you know. doesn't it feel like there is a new political dynamic since the impeachment acquittal? it will be on full display in new hampshire. it is a direct clash of enthusiasm and party unity. president wins on both counts. >> we reflect a socialist society today. huge budget puts money into all areas. donald trump before he was president was a private business person. he received $800 million in tax breaks and subsidies, to build, luxury housing in new york. now, what does that mean, when the government gives you $800 million in tax breaks and subsidies? stuart: okay. that was bernie responded to when chris wallace asked him about his socialist views. phil wegmann with us, "real clear politics" guy at the white house. i think the state of play is this. the democrats are divided and bernie is surging. am i right? >> i think you're absolutely right. what is so interesting, that democrats reminded all of us this would be the most important election in our lifetime. then iowa imploded. instead of sort of figuring out why they imploded in terms of infrastructure and also with joe biden, we've seen so many attacks against not bernie sanders who is surging in new hampshire and who is a democratic convert. we've seen establishment candidates self-cannibalize rather than going after him. if they continue to do this, if he wins in iowa and then in new hampshire, they might not have a firewall in south carolina or nevada when they need one. stuart: i see president trump going into this. he goes to new hampshire tonight i see him coming in real strong. he has a big rally with a lot of enthusiastic people there. he has gone up in the polls. he has a very good economy at his back. i think the guy wins. when i say wins if this is a clash between trump and divided democrats i think trump wins the clash. democrats are definitely keyed into that. every campaign rally i went to in iowa the candidates were constantly talking about they needed to back whoever was the nominee. they know it will take a lot to beat donald trump come november. like you noted if the economy is hot, if this does turn into sort of base election where you have to get out your base i think that favors trump. i was in des moines for his rally ahead of the caucuses and of the 7,000 people who went there, seemed like every single one was fired up because of impeachment. they wanted to defend their guy and they weren't backing down. stuart: in the editorial i just issued a few minutes ago, i said look, there seems to be a new political dynamic in the air. you're at the white house all the time. what do you say? is there a new -- seems like the president is exhilarated almost by his wins? >> certainly president trump has never been one to mince words but last friday we saw him not just take a victory lap, instead he took a victory lap and forced his enemies to run through the gauntlet. first at the national prayer breakfast, later at the white house. he was acquitted you know, on impeachment. he decided to celebrate that fact by not only going after house speaker nancy pelosi but going after senator mitt romney from his own party this is someone who thinks they survived. at this point they will not back down for anyone or anything. stuart: you're right. stay there for a second, phil. let me deal with money. we have a turnaround on the market. we were down 100 points. close to 100 at the opening bell. now we're up 60. 29,165. you have to look at tesla. i will call this the stock of the day. reopening their factory in shanghai, and, there is a report in forbes, explores the idea of google buying tesla for $1500 a share. that is why it is up 40 bucks at 789. tell you about amazon, hit all-time high earlier this morning. that is pretty much the high. $2122 a share, up 43 bucks 2% as of right now. i want to look at the housing market. there is a lot of positive signs there. first of all, listen to larry kudlow, top white house economics guy. this is what he told us on friday. roll tape. >> we're in kind of a mini boom situation. prices are firming up, two people, two biggest assets stocks and homes. that is what folks home. ordinary middle income folks, blue-collar boom type folks we call it. they benefited enormously from the stock market rise and rise in home prices, recovery in home prices. stuart: all right. jeff sica is with me this morning. he is a little cautious on stocks but i think he is bullish on housing. let me say this before you launch. i think that the best investment today with the best possibility of a gain in the future is real estate in low-taxed states. what do you say? >> i think in a lot of cases dirt is more valuable than paper and i think now real estate in low-taxed states. even in some cases real estate in higher taxed states is definitely an investment to make at this time. you're looking at what larry kudlow talked about, the bottom half of the economy. those middle class investors. they have seen an improvement. when they see improvement in their net worth, in their job situation they're very quick to go buy their house, pay down their debt. take on a new mortgage, upgrade. stuart: what about mortgage rates? we got the news last week? 3.4% for a 30-year fixed. that is pretty low historically. >> it is historically low. i think buyers now take advantage of that. we have seen prices increase. even with the low interest rates you still have to contend with the higher prices but it is driving a lot of people into the market. but a lot of those people, again, it could be a repeat of 2018. if they come in at the lowered a justable rates, we might see adjustments in mortgages, significantly above here which could affect us in the future. stuart: but you are bullish on land, real estate? >> dirt to me, in things like apartments and industrial and even some retail is such a good investment right now. as, it is almost clicheed to say that they only make so much land and if you're buying valuable land and you're establishing value in your acquisitions you have something that could grow and have capital appreciation for decades, if not lifetimes. stuart: wonderful thing to see a man like you enthusiastic about all investment areas. you're a good man, zika, i don't care what they say. good man, jeff. see you soon. let me get back to phil wegmann. listen to this from rashida tlaib, when she spoke about her experience at the state of the union speech. hold on phil. roll tape. >> i think it was a huge struggle for me because i don't think people realize it is worse when you're actually there -- no, it really is. it's, and actually there were moments of triggering. i kept holding your hand. we intentionally sat next to each other. stuart: phil would you like to explain what the devil is going on here, moments of trigger, they had to hold hands because it was so awful to listen to the president? >> i'm certain it is not pleasant to be on receiving end of donald trump. he is pretty good at arguing. we've seen that for some time. it is interesting that the representative said she was triggered by his words. at a most basic level if the two extremes of each party can't even listen to each other speak without being triggered or causing some sort of a physical torment, that makes this whole democracy thing a lot more difficult. i think we'll be hearing a lot more of that remark as we get closer and closer to november. to show how a lot of hysteria has gotten out of hand. stuart: it really has. i thought it was pathetic myself. phil, see you again real soon. >> thank you, sir. ashley: why not. stuart: super bowl is over. football season is not. the new xfl debuted this weekend. we have legendary college football coach bob stoops with us, coach of the league's dallas renegades. he talked about what a different game it is this time. oscars got political. one winner quoting the communist manifest tow in a room full of millionaires. media guy, howard kurtz on that one. president trump heads to new hampshire for another big rally. next, new hampshire's governor, chris sununu, i will ask him, will president trump win his state in november? 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maybe you should think again. ask your doctor about once-daily trelegy and the power of 1, 2, 3. ♪ trelegy, 1,2,3 man: save at trelegy.com. stuart: the dow is up 60 points. 29,163. he can question backs, the -- equifax, the justice department indicted for four chinese hackers responsible for this big equifax hack some time ago. update on the coronavirus. tell me what we got. lauren: 900 dead. yesterday was deadliest day of the virus. increased by the most. stuart: what is this about foxconn getting permission to resume production in china? i take it apple component? lauren: yes, they received permission to open, reopen partial production. dan ives put out a note about this earlier, if they did not open this at all it, would be a major hit. especially for apple, it would be a shock system to the supply chain especially the airpods which are hard to find. stuart: apple up on the screen. >> 10% of the foxconn workforce has returned. stuart: 10% of the foxconn workforce has current returned apple -- president trump scored a big win in the state of wisconsin, that was 2016. we got a new report with some more good news for wisconsin. ashley: there is. "the new york times" did a very interesting story in the suburbs west of milwaukee where president trump won wisconsin by 23,000 votes in 2016 t was not a massive victory. turns out what the "times" found, they started to talk to people, those were lukewarm on donald trump at the time have now been pushed much more further towards him thanks to a booming economy, conservative stance, his judicial appointments and the fact that democrats are doing everything they can to push him out of office. that pushed more republicans on the edge towards him which is very interesting and could speak well for the election later on this year. fascinating story. stuart: very important story too. the president holds a big rally in new hampshire tonight. that is ahead of the primaries tomorrow. this is new hampshire. he narrowly lost the state to hillary in 2016. we have with us this morning new hampshire's governor chris sununu. mr. governor, a pleasure to have you with us today. >> thank you. stuart: thanks for being here. do you think mr. trump wins your state, new hampshire this november? >> absolutely. when you look at the strength of the economy, he takes a lot of credit for that success, regulatory reform, usmca agreement which is huge for our partners in canada. this led to a strong economy with people doing better. a state with the lowest poverty rate in the country. some of the lowest unemployment rates in the country, highest wage growth in the country. that is not an accident. that is putting economy first which allows people to have more money in their pockets. that is how they will vote in november. stuart: what is the anti-trump sentiment like in new hampshire, particularly around the large cities there? what is the state of play there? >> we're a very purple state. we have a strong electorate on the republican side, democrat side and even one on independents. first-in-the-nation primary is litmus test. anti-sentiment is similar with the progressive socialist base new hampshire has as well. we're no different in any of that but the at end of the day you will see in november a victory for trump. what happens next two days will be interesting. i think bernie will win. i think that base will be there. the real question we all know, will democrats combine the moderate democrat base with the progpros sieve socialists that will not happen. that will be their downfall. stuart: would you hold on for a second, governor. i think we got news on the democrats, especially amy klobuchar in the polling before the primary tomorrow. is she moving up? lauren: a lot of people are talking about amy klobuchar right now. she didn't crack the top four but she raised a lot of money after her stellar debate performance on friday. so, people are talking about her. stuart: she is moving up a little bit but still not in the top four? lauren: bernie sanders 28% that is "university of new hamphsire poll" of democratic primary voters. pete buttigieg, 21%, joe biden 11, elizabeth warren with nine. pete buttigieg is getting older biden voter, 45 plus voter and moderate voter. everyone is attacking pete buttigieg now because he might be the one to beat for the moderate lane. stuart: understandably entirely. come on in governor of new hampshire, sir. i'm told you will not be at the governors meeting at the white house today. what do you make of governor cuomo of new york canceling at the last minute? wouldn't you like to be there if governor cuomo had been there so you can see donald trump deal with him? >> i don't think anyone tries to figure out governor cuomo's motives in anything frankly. across the country, republican and democrat governors get along well. we were at nga meetings with the president and first lady and vice president as well. governor cuomo virtually never comes to any meetings. he doesn't participate. he doesn't play well with others. look at the results. individuals and businesses fleeing new york. you know, it is good for me. i go in with a catcher's mitt, catching businesses trying to get out of there because those guys don't know how to govern. we're all playing well together. the product of that is a lot of new hampshire success. that is why the president is coming. he will have so much positive energy behind him tonight. the idea that pete buttigieg is a moderate, are you kidding me? he is as socialist as they come. he is two steps behind bernie. you will see klobuchar surge. she will take vote from yang, biden, maybe some of these warren progressives looking for a female candidate. they will be jumping over to amy. i think she will do very well tonight but the president at the end of the day wins new hampshire because we're an economic success story for him, ourselves, our businesses and our families. stuart: great to have you on the show. we appreciate you being with us. >> thank you. stuart: see you again soon. one governor who won't be at the white house governor's meeting is andrew cuomo. right now cuomo is sparring with white house, with the white house over global entry. remember that story? next we'll go to jfk international airport for a live report on global entry. got it. back in a moment. ♪. there's a company that's talked to even more real people than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. [ fast-paced drumming ] it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. stuart: not quite the high of the day but close. we're up 77 points on the dow. 29,180. a little bit more on the equifax story. the justice department indicted four members of the chinese military for the breach. 150 million people affected by the data breach which was disclosed in 2017. the indictment has nine counts accuse members of china's peoples liberation army of conspiring to steal the data. not so much impact on equifax but as much on alleged china spying. the trump administration banning new yorkers from global entry, meaning they can't go through the express it. sa lines at the airport. jackie deangelis is at jfk. you ran into people kind of upset about this, jackie? reporter: that's right, stuart. one women when i walked into the office started screaming at the agent this is quote, bs. you can fill in the blanks there. the reason she was so upset, these appaintment were scheduled without any notice. i was supposed to have a appoint meant for renewal. no email, that this is not happening. you ask the agent how can you do this? it has been in the news since thursday. doesn't you read the newspaper? that is one way to explain it. they gave me a pamphlet what is going on here. essentially it was this, there was a law enacted called the green light law at the end of last year. it restricts the custom and border patrol access to dmv records that the department of homeland security says are important to be able to expedite and process these applications to make sure people are coming back with global entry safely into this country. now house democrats are saying no, no, it is not about that. it is retaliation for the fact that the green light law allows people in the country illegally to apply for drivers licenses this. is back and forth, stuart. i can tell you my appointment has been rescheduled in june. i have to wait. they will issue refunds. more information on that to come. stuart: got it,. >> beingky. at jfk. thank you very much. 92ed in annual acadamy awards. big winners and predicted some political jabs. media watcher howard kurtz will be with us. at 11, president trump addresses nation's governors or at least some of them. you will see that speech when it happens right here. 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. ♪ will you still need me, will you still feed me, when i'm 64. stuart: brilliant but pedestrian lauren: oh. what about past 64. that's why. stuart: he wrote that when he was, paul mccartney wrote that when he was 16. how about that? lauren: your beatles knowledge is amazing. yours too. stuart: stay with the brits, shall we? ashley: yes. stuart: ashley has a story. harry and meghan no longer royals, living in canada. the queen is calling them back? ashley: i offered to fill in. that was not good enough. the her majesty asked the royal duke and duchess to attend one final royal event before going on with the nonroyal lives. the annual commonwealth service held at westminster abbey. she would like both to be in attendance for that. we understand they will attend. they're expected to attend. that is it, apparently. stuart: they said yes? ashley: expected to attend. whatever that means. stuart: last hurrah. ashley: yes, cheerio. lauren: submit your application. ashley: still available. stuart: today's high for the dow jones industrials. 29,190. we're up about 80 odd points that is the high of the day. as you may well know by now, oscars last night, supposed to celebrate achievement in film. no surprises they were political again. watch this police? >> told me i have only 45 seconds up here. which is 45 seconds more than the senate gave jon bolton this week. >> this was a big disaster at the oscars, accidentally read out the wrong name t was nobody's fault. they guaranteed this will not happen this year because the academy switched to the new iowa caucus app. >> i was really disappointed with this week and i think when gamesmanship trumps doing the right thing, it's, it's a sad day, and i don't think we should let it slide. stuart: oh, stick to acting, please. come on in. you know what i'm coming from howard. you're the "mediabuzz" guy. this nonsense is so predictable i think it turns people off, doesn't it? >> steve martin joke was funny. why not make fun of the iowa caucuses but i don't really care whether brad pitt john bolton should have testified at the senate impeachment trial. the ratings have been going down for all of these award shows, even though this edition is little mild for several other shows. they're tedious. movies like parasite win, most americans haven't seen. they have become virtue signaling, liberal hollywood, trump bashing celebrations. people forget that trump voters go to the movies too. people want to hear their entertainment and leave the politics aside. stuart: you know, howard, you're beginning to sound a bit more like me these days. >> that is very troubling. stuart: i know it. what did you just say, virtue signaling, liberal rich? >> you use the plat form you're a great producer to go after the president. most liberal hollywood people hate donald trump, take it somewhere else, not on big award show nights. stuart: do you know who represents much of hollywood in congress? >> let's see who would that be? adam schiff perhaps? stuart: adam schiff. ding, ding. how about that debate last friday night. not many highlights i thought it was kind of dull. i will play one of them for you. watch this. >> everybody on this stage is birth on economic justice and health care than anybody in the republican party, and a million times better than donald trump. stuart: howard, bail me out there because, that was not the buzzer on our part. that was tape got jammed or whatever it is these days. i don't know what it is. but whose idea was it to have a debate on friday night? >> abc's. i stayed up and covered it on fox. i thought it was more aggressive debates because bernie and buttigieg fighting for second place. here is the thing with interrupted time steyer clip, several recent debates all the democratic candidates go after how terrible the economy is, people are suffering, back in the real world the economy is on fire whether you like president trump or not t would make more sense, look, not everybody sharing in the benefits. i want to do something about inequality. since the economy is doing so well, what can we do with the money for our social programs. but to deny reality, which is by every indication, economy is good as it has been in half a century, i think is a losing proposition. stuart: let's go back to neutrality, political neutrality for a second. would you agree with the following statement on my part -- watch out. to win an election you have got to be good on television? none much the democrat candidates are not good on television, what say you? >> i would agree with the first part, not the second part. i think one of the reasons pete buttigieg come out of nowhere, unknown small town mayor to win iowa, neck-and-neck in new hampshire, he is very good in television interviews. he does a lot of them from sunday to yesterday, 23 interviews. did all five sunday shows yesterday, including "fox news sunday." he has done fox news town halls. not one of the democrats that refuses to come on fox. that is the secret to his success. doesn't mean he will win the nomination. stuart: i disagree. i think he is rather stoic i think he won't set the world on fire. other than that we're in general agreement here, howard, are we not. >> 90%. stuart: we're getting there. howard kurtz. always appreciate it. now several companies back to work in china today. their workers are coming back. get a round up of this probably good news. susan li, what do we have? susan: caveat with let's see. put the caveat it depends on the situation of coronavirus. now apple is, i think a big, taking a big hit today, not only sell a lot of its goods in china, second largest market but builds a lot of their phones there still. they on their website today told us they are extending their door closures by a few more days to february 15th. we were expecting the stores to reopen on february the 10th. that might have a bit of a an impact. what about the supply chain impacted as well? here is what they sent us. we're working with authorities and working to open corporate offices the week of february 10. not necessarily today but sometime this week. they're making preparations to reopen the retail stores this may delay the supply chain and possibly introduction of the cheaper iphone expected this spring. one of the most reknown apple analysts out there, look at foxconn which is the largest contract builder in china they have had a big delay in some of their more crucial sheets sites. that might have a bit of an impact. the rest, like carmakers, toyota, ford as well resuming production along with tessa. stuart: okay, anybody who resumes production that seems like a positive give the overall situation of the virus. i think that is where we are at the moment. next, the new professional football league, there is one, you know, the xfl debuted this weekend. joining us bob stoops. you know him as a legendary college football coach. now he is the coach of the new dallas renegades. more "varney" after this. ♪. man, i'm thinking tacos. hey hey! you guys look like foodies. would you like to try our trashy back ribs? 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(stammering) w-we have a melon rind stew. comes with a pork and bean reduction. yeah, we're going to just do a lap and we'll come back. okay. well, we'll be here. man! why isn't this working? my mouth is watering. i think that's just your rabies flaring up. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. we got gristle pot pies! how bright you shine. how strong you are. how brilliant... unique... how you're... my rock. my diamond. for the diamond in your life, there's only one diamond store. it's the valentine's day sale. get 25% off everything. including these special deals. at zales, the diamond store. our retirement plan with voya gives us confidence. yeah, they help us with achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement. stuart: this is a new all-time high for the nasdaq bottom left hand side of your screen. the dow is up 113 points. it has to go up 277 today. if it does, it hits a new all-time high. as you can see all the averages are moving up. all of them are pretty close to the high. including nasdaq which hit a high. how about this one? youngsters want drinks with lower alcohol content. that is what i'm told. lauren: this is not millenials. younger gen-z. a mock tail, or low no alcohol or lower alcohol. stuart: why? lauren: more mindful. more healthy. less calories. this study by bacardi does not mention this. if could make the argument if you're smoking marijuana you're not drinking as much. ashley: so it is not about health. lauren: it is. but another side of the story. stuart: not about the buzz, it is not, is it. ashley: get it somewhere else. stuart: if you're combining alcohol and marijuana the buzz is much stronger i suspect than if you're drinking alcohol alone because of alcohol content. ashley: you may be right. stuart: i may be up the creek. but an interesting story. lauren: yeah. stuart: young drinkers want less alcohol, for whatever reason. that is important. it is interesting. i think we got that one right eventually. ashley: got out of it. stuart: it was kickoff weekend for the new xfl it was just this past weekend. it is football after the super bowl. with us the general manager, head coach of the dallas renegades bob stoops. bob, welcome to the program. great to see you. >> thank you, stuart. good to be with you today. stuart: i'm intrigued by this, it seems like a effort to upgrade football technologically. change a few rules of the game, to make it flow faster. in your opinion, is it success. >> it was a major success this weekend. i think the first game, seattle at d.c., they had 3.3 million viewers. i think average attendance was over 17,000 across the league. i know we even had somebody get married on our field ahead of our football game. so i think it was a major success. stuart: now tell me about, how some of the players or all of the players maybe, they have got a microphone in their headset, in their helmet, rather? they can speak to reporters during, is that right? >> well, no. the offense and defensive coordinator can speak to a certain number of players. stuart: okay. >> all the way up to the snap of the ball. so the offensive coordinator can call a play. all the receivers and quarter get the call. the quarterback relays it to the offensive line. there is a lot of communication. there is more interaction with tv and the fans during the game, just what, you know, some of the microphones and access to the players and the coaches. stuart: when i look at the traditional nfl i'm often surprised how frequently the game is interrupted by flags on the play. i understand that is part of modern football. is there the same number of flags on play in your new league? >> well we're, you know, the rules as far as penalties go are pretty similar to the nfl but i know in our game, the games i watched, there weren't quite as many, it wasn't quite as picky maybe and the flow of the game was maybe a little bit better. stuart: what is the long-term, for this season what do you want to see out of this season for this new league? >> i think it is only going to continue to improve. the viewership will continue to increase. i believe the attendance will continue. like i said, we averaged over 17,000 in the first week. i think it is only going to get better. there has been rave reviews, watching some of the subtle changes. we have a little bit quicker play clock. we go for one, two or three points after touchdowns as opposed to kicking an extra point. i think people will really embrace it. stuart: coach, almost as god these days as english premier league soccer. >> i knew you would think that. stuart: you googled me, i know you did. coach bob stoops, congratulations on a very successful debut weekend and i hope it continues for you, sir. >> thank you, stuart. we need to win next week. stuart: don't worry about it. don't worry about it. you made your mark. bob, see you soon. >> thank you, stuart. stuart: pete rose banned for life from baseball. he says he should be in the hall of fame but the president has something to say. ashley: the president weighing in on this with guess what? a tweet. he said this let's put the tweet up for you. pete rose played major league baseball for 24 seasons, 1963 to 1986. had more hits 4256 by any other player by a wide margin. he gambled but only on his own team winning and paid a decades long price. get pete rose into the basketball hall of fame. it's time. he was banned for appealed several years to major league baseball. this time last week he sent a letter to the commissioner, look, i paid a high price. please make me eligible. talked about steroid use. sign stealing. i bet around i bet on my team waning and wants reconsideration. the president agrees with him. stuart: let's see if we get him back on the show. good stuff. next we have a former antifa member, i repeat former antifa member, he goes to college campuses encouraging students not to join antifa. he is up next. the president speaks to governors and we'll take you there and tell what you he has to say. i hope a democrat governor is there, to see if the president goes after him or her. we'll see. ♪. when it comes to using data, everyone is different. which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. 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. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. 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: a little bit off the highs of the day but still up over 100 points for the dow industrials. we're at 29,200. we did hit an all-time high for the nasdaq just moments ago. 9500. and now this, a record breaking flight from new york to london. or was it london to new york? ashley: it was new york to london. how much fun would this be on? it was going with the wind. got up into 30,000 feet, got into the jet stream, extremely powerful at 200 miles an hour. this is river of air that moves weather patterns. they did it in four hours, 56 minutes. that is the fastest ever for a subsonic jetliner from new york to london. it was almost two hours early. virgin atlantic missed the record for one minute. a huge storm moved into britain and europe this weekend. part of that was an incredible tailwind. supersonic, even though the speed of sound is what, 767 miles an hour, it got up to top speed of 826 miles an hour, but was wind assisted. doesn't count it as supersonic. concord did knit 2 hours 56 minutes. stuart: i flew concord. 3 hours 15 minutes. remarkable. i wish they bring it back. my next guest, is i repeat, former member of antifa. that is the violent left-wing group. i almost called it a gang. they're a group. i will call them that. he is now a conservative. he is warning college kids against antifa. gabriel is here with us in new york city. you're a good man. >> thank you, i appreciate it. stuart: you're going around to colleges saying hey, don't join the group, don't join it, be aware. >> i started spring 2020 tour behind the black mask. at a county college in illinois, we had a student tear down some of my posters. they replaced it with a poster of a trump supporter being assaulted with a knife. not only that, but this student actually admitted to doing this. and then the, it was later revealed she was actually a student worker but the school has done nothing to hold her accountable. unfortunately when schools refuse to hold the antifa types accountable, it only paves way for greater violence down the road. stuart: how many colleges will you go to? >> somewhere around 30 or 40. just for the semester. it is a lot. stuart: forgive my for asking, who is paying for this? who is paying for expenses? >> i work for the leadership institute. they're the reason i left antifa in the first place. when i was in college i was looking for, talking to conservative people. then there was a regional field coordinator for the leadership institute. reached out to me. invited me to a lot of conservative events a lot of conservative meetings. that is how i became a conservative because i realize the way we bridge political divides talking to people, not attacking them. stuart: i agree entirely. to me one of the biggest problems in america today, especially on college campuses is free speech. i don't think we got free speech. i think you're a living example of that. if you're going around to these colleges that you're meeting resistance that is rather polite word for antipathy, actually, seems to me that is the biggest problem. you cannot solve a problem unless you can speak freely about it. >> exactly. one of the things i'm currently proud about my speeches there has been quite a number of liberals come to them, they say they agree with me. they're sick and tired of antifa types attacking peaceful conservatives. when universities fail to, or sometimes they refuse to hold antifa types accountable, it just gets worse. give you an example at the leadership institute campus reform we cover these stories ad nauseum. there was one from binghamton university, where, a mob of 200 left this activist, surround ad small group of conservative students. then three days later that same mob shut down their event within a minute of starting. just to add insult to injury the university, instead of holding all those criminal activists accountable, they suspended the conservative club. you really can't make this up. stuart: you really can't make that up. i would like to spend longer. i have breaking news to deal with. thanks very much for joining us. we appreciate what you're doing. >> appreciate it. stuart: we have news on is that cloud contract at the pentagon. what's the news? ashley: the jedi. amazon we understand now wants to depose president trump for what they claim is his reason, he was part of the problem they claim of why microsoft won the jedi contract instead of amazon saying that it was his pressure, improper pressure from president trump on the defense department. they also want to depose defense secretary mark esper as well on this. and they say that the president's perceived political enemy, jeffrey bezos, founder, ceo of amazon, that was part of the reason that amazon's aws web service did not get this contract. they want to depose both the president and the defense secretary. stuart: by the way, amazon's up 40 bucks. microsoft still up $2. record high for microsoft today. okay. in a few moments president trump speaks to state governors, part of the white house business session. you will hear that speech on this program. plus the president heads to new hampshire tonight. another big rally coming and he is raising a lot of money in the aftermath of impeachment. we'll break it all down for you. we'll tell you what his war chest is in our next hour. ♪ i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. my focus is on the road, and that's saving me cash with drivewise. stuart: we're about to hear from the president. he's addressing the nation's governors. you never know exactly what he will say but it will be, i guarantee, entertaining. in advance of his remarks, here's the latest on what's affecting your money. 910 deaths from the virus, 40,600 confirmed cases. some companies slowly reopening their businesses in china. many delaying until next week or even next month. beijing committing $10 billion more to the fight against the virus. now, this is primarily for us at least an economic story. investors want to know how much the slows china and america, but it's really at heart, this is a human story. can you imagine being on one of those cruise ships, where everyone is confined to a small cabin? the ship moored off the coast of japan had 60 new cases reported just overnight. still, just 12 confirmed cases in the united states. we have the latest budget proposal. cut foreign aid, cut the environmental protection agency's budget, cut food stamps, tighten eligibility for disability and raise military spending. there will be a lot of argument about this. the market hitting session highs after big gains last week when the dow rose more than 800 points. new all-time high for the nasdaq right there. tesla on a tear again. there are reports that its shanghai factory is going to reopen shortly. that's -- it's kind of a confusing set of reports we are getting but there's action at the shanghai factory and tesla is up 14 bucks. it was up much more than that earlier. apple down, only a fraction now. the factories that make iphone components, they are trying to get them back to work. the one in shenzhen, 10% of the work force has returned to that factory. apple's loss is cut to 60 cents. any moment now, we do hear from the president. first, let's head to blake burman. he's at the white house. tell me first of all which governors are going to be there today? reporter: all governors from all 50 states were invited. we are told probably about two-thirds of them, probably a few dozen, will be here with the president. when you look at the list at least that was in attendance last night at the meet and greet dinner, a couple dozen republicans, about ten democrats make up the list here. i know what you are wondering, on the democratic side, gavin newsom, andrew cuomo, are they expected to be in attendance? no, they are not. as it relates to governor cuomo, you saw the tweet from the president over the weekend. the white house official tells me that the cuomo team had confirmed to the white house on a couple different occasions that he would be here in attendance but they say he canceled on this event in the last minute. one last final moment. one thing of note. gretchen whitmer, democratic governor of michigan who gave the response for the democrats last week the night of the state of the union address, she will be in attendance or at least we expect here at the white house. the white house, by the way, says this is a chance for these governors to get some face time to interact with the president one-on-one and they will do so here shortly. stuart: gavin newsom and govern joe kw governor cuomo want nothing to do with that. i am disappointed. i expected fireworks if those two were in the room. we will get back to you shortly. that's a promise. let's bring in elizabeth macdonald, host of "the evening edit." you are a new yorker. what do you make of governor cuomo canceling? >> personal opinion, we have been here -- we are 1850s new yorkers, we have been here that long. probably overstayed our welcome. no matter what your fight is, global intrigue, we know the fight with the president between new york state and the president of the global entry, and other fights, he should go. he doesn't represent the party. he represents all new yorkers. stuart: you know as a lot of people around here know by now, there were assassination attempts against police officers, planned, premeditated assassination attempts against police officers by a man who had done something similar before and i think that's why governor cuomo skipped out, because he didn't want to be singled out by the president who would say what are you up to? liz: maybe perhaps that is one reason. you raise an interesting point. there's a serious knock-on effect whenever there's an assassination attempt on a cop. we have seen this in the past. firehouses shut down around these police precincts because it's serious, a serious threat to all people in those positions. i know that from having firemen in my family. stuart: they don't shut them down -- liz: they do. sometimes they move the firehouses away from the assassination attempt. it has happened in the past. stuart: is that right? liz: yes. stuart: serious repercussions. governor cuomo should have been there. liz: just to be at the abtable,e represents all new yorkers. stuart: he should be in front of the media now. he won't be. that's another story. let's turn to the market, please. we are off the highs of the day. we did hit an all-time high on the nasdaq earlier. we are pretty close to a high for the dow as well. but it seems to me the market just wants to go up. liz: that's right. so it's the central bankers around the world putting foam on the runway underneath the market downturn. i'm listening to goldman sachs, they are keeping some powder dry, estimating the coronavirus takes a half percentage point off gdp worldwide, some knock-on effect to the u.s., but then it will be recouped back in the second and third quarter. you know, the stock -- some symptoms m stocks may take a hit if you see more u.s. fatalities so that's an issue but confidence is high in the economy. ism numbers are coming in strong. stuart: i just got a division between the human side of the virus story which is absolutely awful, and the economic side which we don't know yet because you don't know how much it's going to slow china or us. certainly on one side, dreadful situation for people on the other. liz: that's true. the contagion effect, right. we still don't know how contagious. we know cold spring labs is looking at this, lancet, the british journal, is looking at this. it can be highly contagious. it might be knocked out easily by an hiv type drug. who knows. i don't trust any of the mortality numbers come out of this. stuart: hold on. let me deal with the budget. we got details of the new budget today. there you are. first of all, tell me, can you give me the broad outlines what's in it? lauren: increasing defense spending to about $741 billion. $2 billion of additional funding for the border wall. $1 trillion for infrastructure, all in this budget, projects average growth of 3% and a balanced budget within 15 years. these are the president's priorities in the next fiscal year. stuart: a vision for the future. but there are spending cuts, i think? ashley: $2 trillion over ten years. how? well, of course, it calls for discretionary spending cuts along with 2% annual cut for each year after that. $182 billion worth in reforms to s.n.a.p., the food stamp program. $170 billion worth in student loan reform. federal government employees contributing more to their retirement benefits rather than the government. interesting. but again, $2 trillion over ten years? be great if you can do it. stuart: this is going to set the democrats' hair on fire. cutting the social safety net. i have read into this thing. they will cut the budget for the environmental protection agency by 26%. liz: that's a big hit. epa. yeah. getting back to the safety net, what needs to be reported in the context of how big the safety net has grown. yes, we want to help and improve the lives of the destitute, right, and the poor. that's what the government is there to help. but the safety net has dramatically expanded since the '70s certainly by double digits. so certainly since over the last decade, medicaid has expanded, food stamps has expanded. it has to be reported in that context. stuart: he could be the first president to actually cut that kind of spending as opposed to just let it roll on. he could be the first. liz: could be. stuart: when can i see you? liz: 6:00. eastern time. "evening edit." we have fun. man, we are going like gangbusters. the team is terrific. stuart: well done. you're not a spin-off from this show. a show in your own right. thanks, liz. thank you. as we wait for the president, we are going to talk fundraising. wait until you hear how much the republicans have taken in since nancy pelosi announced impeachment in september. we've got the numbers. and we've got the campaign from the trump people to respond. vice president pence said on this program a second round of tax cuts is coming. he says it's coming this year. you would have to win the election for that. very soon, we are talking to americans for tax reform. i want to know which taxes will be cut. and we are waiting for president trump. he's expected to speak to the fwov governors any time. it could be another victory lap. stay with us. the third hour just getting started. ♪ stuart: remember how stocks were dumped last friday because nobody wanted to hold stocks over the weekend when you might get some real bad news about the virus? well, the market's reopened in the last couple of hours and we're up almost across the board. the nasdaq actually hit an all-time high a few moments ago. left-hand side of your screen, the white house. we are waiting to hear from the president who is about to address the nation's governors. two stocks you have to look at. amazon and microsoft, both at record highs, i do declare. amazon's up 41 bucks, $2,120. microsoft is at $186, up $2.35. okay. money has been pouring in for gop fundraisers. the biggest catalyst appears to be the failed trump impeachment. the rnc and trump campaign together have raised $117 million since speaker pelosi announced the inquiry into impeachment on september 24th. $117 million. erin perrine from the trump campaign is with us now. impeachment really fired up the base and they seem to be in a giving mood, right? >> of course. impeachment was an absolute miscalculation by democrats and you're right, stuart, the campaign and all of our entities together with the rnc brought in $117 million online alone during the impeachment hoax. they have solidified the base and brought in new voters, new donors to president trump. we saw over 1.5 million individual donors last year for the president. those are huge numbers and every time democrats took another step toward impeachment, they made the president and his re-election campaign that much stronger. stuart: wait a second. one and a half million new donors -- >> individual donors. stuart: individual donors. so you've got all the e-mail information, you've got their phone numbers, you've got it all. so you can contact them right before the election. that's the deal here, isn't it? >> yeah. it's the same thing with a rally. we want our monday rally goer to be our tuesday volunteer. these are folks if you give to the campaign, we know you support the president and we want to see you out there helping us register voters, knock doors and ultimately bring in friends and family to show up on election day in november to re-elect president trump. stuart: you can't see it but on the left-hand side of the screen, we've got the market's performance since speaker pelosi announced the impeachment move september 24th. all the exchanges straight up. now let's go to the rally tonight, new hampshire. can you give us any idea what he's going to say? give me some nuggets, if you can. >> we never want to get ahead of president trump and his remarks but he always speaks from the head and from the heart. he talks about what's going on and he will definitely be talking about promises made and promises kept. you know, during the 2016 primary here in new hampshire, this was the first win on the wave to make america great again and now we are here the night before the primary on our way to keeping america great. what were promises made about a booming economy and holding china to account are promises kept under the trump administration. stuart: i'm going to give you some good news and it comes strangely enough from the "new york times." you may not believe this but i'm going to show you anyway. this is a head line from the "new york times." post-impeachment, a key republican suburban area rallies around trump and this is all about the suburbs in wisconsin. that is the best news you could possibly wish for because i know you guys were kind of worried about the suburbs. >> well, president trump's message is resonating across america and you certainly see that in the great state of wisconsin. wisconsinites know that president trump is delivering safe communities, better communities for families, a stronger education system, lowering the cost of prescription health care, a booming economy and a better tomorrow. those are the things that matter to everyday americans, to people who show up on election day. that's what president trump has delivered and we know that given another four more years, we can lock that in for decades to come. stuart: telling our viewers earlier i spent the weekend looking at reruns of the 2016 election night coverage. >> all the sadness from the left? stuart: i kind of engaged in that a little. i did. i know now why you call it the great state of wisconsin because that was declared, he was president of the united states. am i right? >> absolutely. stuart: thanks for joining us. see you again soon. >> thanks, stuart. stuart: couple of markets we have to check. let's start with the price of gold. it's up a bit today. not much. $1,577 per ounce. bitcoin hit its highest level since october. it was at $9,800 earlier this morning. at one point it was over $10,000. okay. that's bitcoin. here's the real story. oil. look at this. i don't know whether you've got it on the screen. yes, you do. $50 a barrel. earlier it was at $49. the price of gasoline is absolutely plummeting. we are down to $2.40 per gallon. that's the national average. 8,000 stations in america have gasoline on sale at less than $2 a gallon. if you are in missouri or texas, you are paying about $2.05, $2.10? ashley: more money in the consumer's pocket. stuart: absolutely. it's found money. ashley: not great for the oil patch but for everyone else. stuart: i love the gas price, of course. we are indeed waiting for the president. he's about to speak to the nation's governors. we will let you know what he's got to say. while we wait, we have to talk joe biden, the gaffe machine. he unleashed on a voter in new hampshire. yes, we've got the sound. yes, we've got the tape. we will play it for you in a moment. meanwhile, here's another gaffe. roll tape. >> we choose truth over facts. >> you want to check my shape, let's do pushups together. let's run. let's do whatever you want to do. >> look, here's the deal. >> why you doing that? why wasn't an apology enough, mr. vice president? >> that's not true. you are saying things you do not know what you are talking about. no one said that. who said that? who said that? ♪ 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. we choose truth over facts. >> people want to make a change, though. >> that's up to them to decide. >> why should they? >> that's for them to decide. >> well, make your case. >> i n'm not going to. >> president of the united states. >> you want to check my shape, let's do pushups together. let's do -- run. let's do whatever you want to do. >> look, here's the deal. >> now you're attacking. why are you doing that? why wasn't his apology enough, mr. vice president? >> why, why, why you get nervous, man? >> whomever i pick, there's two things. one, is capable of immediately being president because i'm an old guy. >> that's not true. you are saying things you do not know what you're talking about. no one said that. who said that? who said that? >> don't you think that it's just one of those things where people think well, that seems kind of sleazy, why would he have that job if not for who his father was? >> because he's a very bright guy. stuart: the gaffe machine just continues to give us new material. he had a new zinger over the weekend. ashley: another one that leaves you scratching your head. he was asked by a female student and she asked him a question at this town hall and she said considering your poor showing in iowa, how competitive are you as the race goes on. listen to what was said. >> so you're arguably the candidate with the greatest advantage in this race. you've been the vice president, you weren't burdened by the impeachment trials. how do you explain the performance in iowa and why should the voters believe that you can win the national election? >> it's a good question. number one, iowa is a democratic caucus. you ever been to a caucus? no, you haven't. you're a lying dog-faced pony soldier. you said you were. you've got to be honest. now i'm going to be honest with you. ashley: i think he was trying to be funny, lying dog-faced pony soldier. his camp says it was from a john wayne movie, "hondo" but that's not exactly the exact quote from the movie. it's just a strange thing to say. i think he's trying to be funny but it comes across as very odd. stuart: i wish the camera could have shown the young lady's face when he went straight at her. she was off-camera at the time. there were a few smiles elsewhere. ashley: nervous laughter. stuart: strange thing. let's check that market, please. president trump is speaking to state governors right now. he's talking up the economy. we are in the midst of a great american comeback, that's a direct quote from the president. this is a theme that he's been running with for some time now. he says quote, we are creating the most prosperous economy and most inclusive society ever to exist. next quote, we are fighting every day to expand opportunities for african americans. he said that. the president is looking around and saying where can i -- where's a cache of votes take i can get this time around that i didn't get last time. african americans are ma cache of votes. he's laying out his story for that direct group of voters. friday on this program, vice president pence said tax cuts 2.0 are on the way. listen to this. >> oh, they're absolutely coming. i expect we will be talking about that before this election year is out. stuart: all right. we are talking to americans for tax reform. i want to know what these tax cuts might actually be. what do they look like and how much are we talking? we'll be right back. ♪ ♪ ♪ ♪ stuart: all right. the president is now speaking to the nation's governors. one thing that we have heard from him is he's calling it the great american comeback. he's talked about the economy, the great economy, the great american comeback. that's the main source, main topic of conversation for the president this morning. as for the markets, they are responding very well to all kinds of things. we are up across the board. earlier, we hit a brand new all-time high for the nasdaq composite. well above 9500 right now. as for that trillion dollar club, all the people, all the companies there, amazon, microsoft, google, they are all still worth a trillion and we have amazon and microsoft, both of them hitting new all-time highs earlier. look at that for amazon. $2,121. microsoft went to about $186, i think. in case you missed it, here's what vice president pence said on this program when i asked him about tax cuts 2.0. roll tape. >> oh, they're absolutely coming. i expect we'll be talking about that before this election year is out. it's one of the reasons why we're going to focus so much energy on making sure that not only do we get president donald trump four more years in this white house, but we are going to make sure that we re-elect a republican senate and elect a republican house of representatives. stuart, you were there every step of the way. you saw the incredible progress we made when we had a republican majority in the senate and a republican majority in the house. we are going to lay out our vision on tax reform, on health care, on infrastructure, on prescription drugs. stuart: grover norquist is with us, americans for tax reform. you are on the inside of all this. you are discussing this on a daily basis. can you give us any idea exactly what kind of middle class tax cut we are going to get? >> at americans for tax reform, we are talking both to the white house and to our friends in congress. you heard the white house say let's take that 15% rate, maybe take it down the bottom rate. the other thing that i see a lot of interest in is focusing on i.r.a.s and 401(k)s and other versions of that, lifetime savings accounts, in order to get more people into the market. this is the right time to do it. some people left the market after 2008-2009 but we need to get more people in to benefit from it, more savings but everything the democrats want to do, everything, will make your 401(k) worth less. this is the 401(k)/i.r.a. election because the president's policies have made your life savings worth significantly more than you expected and everything the democrats do starting with repealing the tax cuts, which gave us this growth, but then they want to add on to that taxes on energy and so efforts to cut taxes and expand the availability of 401(k)/i.r.a. style savings will remind people not only how well you've done but that we can do better. stuart: a 401(k) tax cut election, that sounds good to me. but you've got to win the election because you can't get any tax changes in favor of middle america before the election. the president really is just hanging this out as an inducement, vote for me, look what you get, we will keep prosperity going. >> absolutely. if we don't re-elect the president, if we don't get the house back, some of those tax cuts begin to lapse, the ones we are enjoying now. it's not just we will have more and better, but the democrats will take away that which gave us this growth and this comeback. stuart: okay. grover, i'm sorry it's so short but that was a good line. the 401(k) tax cut election. i'm going -- i'm stealing it. i'm going to use it. i'm stealing it right off you, lad. grover, thank you, sir. we appreciate it always. thanks very much. staying on these tax cuts, kristen tate is with us, young americans for liberty analyst. i always think of you as representing millenials. i can't imagine, though, there's a big priority for millenial, getting a tax cut because most don't pay that much in federal income tax yet, do they? >> sadly, i think you're right. we're now at the point in this country where nearly half of americans pay zero in federal income taxes and according to the tax foundation, millenials in particular don't pay a whole lot of taxes so when it comes to 2020, i'm not sure that promising lower taxes is going to be a great mobilizer for trump when it comes to millenials. then you have the democrats who have convinced many of these young voters that tax cuts only benefit the rich and the top 1%. of course, that's not true. tax cuts benefit everyone, even those who are not paying taxes, by stimulating the economy, helping job growth, helping the stock market grow. so donald trump really needs to explain to young people how tax cuts help them, how it benefits them, and i also love that he's been talking about cutting spending because you can't keep lowering taxes and increasing federal spending as well. stuart: now, the other side of the coin is maybe millenials should be a little afraid of a democrat win. you have written a piece called "is dumping donald trump for democrats worth a recession." the implicit argument there is you elect democrats and you will get a recession. that's your point, isn't it? >> that's exactly right. voters need to ask themselves is getting rid of trump worth a possible economic downturn or even recession. right now unemployment is near record lows. we have seen record low unemployment for african-americans, hispanic americans, all time highs in the stock market have indirectly created millions of jobs and faster wage growth than ever in the past decade. so you know, if we had a democrat in office, it could really jeopardize these good economic times and you know, as these moderate candidates like amy klobuchar and even joe biden kind of fade into the background, the more extreme progressives like bernie sanders pose an even greater economic threat. bernie sanders' proposals would, if they were put in place, the federal budget would double and american families would see their tax burdens balloon by about 25% on average. stuart: ouch. by the way, before we close out, i spent the weekend looking at some old tapes of the 2016 election night coverage and you popped right up there. you were being interviewed i think by the bbc and the young lady interviewing you couldn't believe that trump had won and you were nodding sagely. >> best night ever watching the media melt down. it was awesome. i will never forget it and i hope we see something similar in 2020. stuart: it will live forever on videotape. it's on youtube all over the place. thanks for joining us. we appreciate it. see you soon. >> thank you, stuart. stuart: sure thing. back at foxcon, they have resumed production at some iphone plants in china, is that correct? lauren: two plants. one, dhthey do not have permission. one plant did reopen. unfortunately, only 10% of the work force showed up for a host of reasons. tesla also reopened its shanghai factory today. many other big manufacturers have not reopened their china factories. stuart: but it's the start of maybe a return at some point. got it. now, the human side of this story is those cruise lines are getting hit by the virus. latest? ashley: diamond princess, trying to imagine what this might be like, they are still under quarantine. there are 65 new coronavirus cases reported on this ship. now comes to 135. that's 3,700 people on board this ship. it's going to be quarantined for at least another nine days but could go on longer than that. it's the largest cluster of cases outside of mainland china. what are they doing? they are stuck in their room. the crew are trying to bring them food and all sorts of free internet, free phone service, free everything. the cruise line has already said you will get another free trip after this for the value of this. we will also, you know, try and make this as least painful but they are trapped in their cabins, allowed out on board in certain areas for small amounts of time but if they mix with other people they have to have their temperature taken. lauren: they haven't all been tested, either, because they don't have the ability to do that. stuart: talk about cabin fever. ashley: nightmare. stuart: i will put equifax's stock up on the screen for you. the stock has not been affected by this new story, and that is four members of china's military have been indicted for that big data breach that exposed 150 million americans' data. the stock is down a fraction. this really is a story about chinese spying. look at under armour. they report earnings tomorrow. the virus is expected to affect their numbers, as it has with adidas and nike. this morning, little change for that stock. it's up 14 cents, under armour, at $20. more headlines coming to us from the president. he's addressing the governors. he discussed highway and infrastructure reform. he spoke about american manufacturing and car plants being built all over the united states. he said he has great respect for president xi and touted a low trade deficit with china. he's now taking questions from the governors. the first one was about infrastructure and the president said he needs votes from democrats to get it done. that's all happening now at the white house. left-hand side of the screen. also happening now, joe biden holds a campaign event at a church in new hampshire. tomorrow is the primary in new hampshire. biden is running fourth, even fifth in some polls. we are monitoring that for any news or gaffes. we'll be right back. oh, sorry, sorry. got this one. bill gates, brand new purchase. ouch. the world's first hydrogen powered super yacht. how much does that thing cost? we will tell you. elon musk looking to expand his team and get this, he says he doesn't care if his employees graduated high school. smart guy. included in the new 2021 budget, money for artificial intelligence. next, the white house chief technology officer, what do they need for that money, what do they need that money for, i should say. ♪ look, this isn't my first rodeo... and let me tell you something, 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: there you have it. the new bill gates yacht. we told you, we were going to tell you how much it cost. the answer is $640 million. it's the first hydrogen powered super yacht. it's got a gym, pool, helipad, spa. 14 guests, 31 crew members. it can sail across the atlantic. it's a big thing. he says he wants to support new clean technology. it's hydrogen. $640 million. let's have a look at tesla. forbes speculating about google acquiring tesla. that's pure speculation. lauren: yeah. well, it could happen, if that happens. well, google gets some gee whiz because tesla's cars are very popular. google has the cash that tesla needs, it has the software muscle that tesla could use. forbes says it could scale tesla deliveries to 8 million cars. that puts it on par with major auto makers who have been in business for a long time. then perhaps tesla could license its technology to other companies and google would get its $2 trillion market cap. it would be the first company to get there. maybe it would be google, not apple. stuart: google's got the money. lauren: and their bread and butter, their ad revenue, has been stressed lately for many reasons. this gives them a new opportunity, new business, new unit. stuart: fascinating. lauren: does it happen? stuart: the stock only up 12 bucks now. earlier it was up 50. there's been a shift there. now, ash, what's this about elon musk expanding his team, don't have to have a high school diploma? ashley: he's looking for a lot more positions in his artificial intelligence engineers so someone tweeted him and said if you need a ph.d. for this position, and this is what he responded. definitely not required a ph.d.. all that matters is a deep understanding, said mr. musk, of a.i. and the ability to implement neural networks in a way that is actually useful. i don't care if you didn't even graduate high school. i just want someone who can do the job, report to me directly. stuart: interesting. do you know a lot of code writers are at their best when they are 13, 14, 15. ashley: i would not be surprised. stuart: i know a few. ashley: the brain working overtime. stuart: by the age of 22 they're done. lauren: tired. stuart: all right. staying on artificial intelligence, president trump released his budgets proposal with a doubling of the investment for artificial intelligence. michael kresios is with us, chief technology officer of the united states, deputy assistant to the president on science and technology policy. it's a great title. welcome to the show. >> thanks for having me. stuart: where is that money going? if it's going into artificial intelligence, what's it going to be used for within the government? >> absolutely. we have been committed to driving leadership in the most important emerging technologies now for over three years, and a big thing that happened last year was the state of the union, the president committed to investing in the cutting edge industries of the future and we are delivering on that promise today with a historic doubling of artificial intelligence investing. what's critical to know is the types of investing that the federal government does is towards early stage, basic pre-competitive research and development. this is a type of r & d the private sector doesn't do but it's critical to fuel american economic growth. stuart: well, does a lot of this money go to the universities? >> yes. so it's both an extra mural and intramural. part of that money goes to our greatest scientists and researchers around the country who have proposed, who have grand proposals that we evaluate and the best grants get funding. we also have an incredible national lab infrastructure so over 17 national labs around the country and they do their own important research on things like artificial intelligence and quantum computing. stuart: how much money are we talking about if this is a doubling of a.i. investing? >> for fiscal year '20 we were at about $970 million. we are attempting to double that in the next two years. we will be in the neighborhood of about $2 billion by 2022. stuart: i take it this is a direct shot at china? >> yeah. so the chinese have been very public about their interest in catching up with the united states and something they have spoken about very publicly. but you know, we are a nation that continues to lead the world in this, and i think with this investment, it's going to be much, much harder. stuart: look, i don't know, i have to ask this question, but are we the best at artificial intelligence? >> we would argue that we are. we have the best universities in the world, we have the best researchers in the world, we publish the best research in the world, we -- our startup ecosystem is the strongest in the world. we attract most vc dollars towards our a.i. venture ecosystem than any country in the world. what's poimportant is to sustai that. we fund early stage research and that's the role the federal government can play. stuart: make sure we keep it to ourselves. you know. michael, great title. thanks for being with us, sir. we really appreciate it. thank you. >> thank you. stuart: the oscars. they did deliver a little comedy directed at amazon's chief, jeff bezos. listen to this. >> jeff bezos is so rich, he got divorced and he's still the richest man in the world. stuart: glad he was in the audience and the camera was on him. he did laugh. we will talk in a moment to a comedian, michael loftus, about that comment on bezos. i'm also going to ask him who he thinks is the funniest candidate. is it biden with all his gaffes or the utterly humorless bernie sanders? we'll be right back. ♪ [ applause ] thank you. it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. i love you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ it's a masterstroke of heartache and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. and with the leasesxfinity stream app, $359 screen is your big screen.. which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. we choose truth over facts. >> you want to check my shape, let's do pushups together, man. let's run. let's do whatever you want to do. >> look, here's the deal. >> now you're attacking him. why are you doing that? why wasn't his apology enough, mr. vice president? >> why, why, why. you're getting nervous, man. >> that's not true. you are saying things you do not know what you're talking about. no one said that. who said that? who said that? stuart: look, if those were a series of gaffes, are they funny? do you laugh at them? do you? i don't know. but we have with us today a comedian, michael loftus, who will answer that question. is it really funny or you wince? >> that's what it is. i'm finding it harder and harder to laugh at joe biden. really, he's crossed some kind of event horizon where it used to be really funny, now you're like maybe you need a nap. you might want to have a red bull or two. stuart: he's the golden age. we are in the golden age. >> yes, we certainly are. he topped himself recently with dog-faced pony soldier which i don't know -- stuart: lying. >> lying dog-faced pony soldier. stuart: spoken to a young lady, a young student, for heaven's sakes. >> how shocked was she, of all the things you're prepared to hear, i could hear this today, i could hear that today. someone might call me something. joe biden, just unleashed with the 50 caliber dog-faced pony -- what did i do? how did i deserve that? stuart: it's not funny but you make it funny. you are a born comedian. >> if we don't laugh, we'll cry. stuart: you cannot possibly find anything humorous about bernie sanders. he's utterly humorless. >> he is. until he gets home. then i think he just laughs like a madman. right? because he's like they're believing it. they're believing it. all of this i say, they're buying it. he and his wife just laugh and laugh and laugh and they get in their expensive car and drive to their three houses and they're like how's my book selling? another million. fantastic. socialism. we should share. just don't tax me. stuart: hold on a second. did you see the oscars last night? they gave us some good stuff. roll tape on this one. i thought this was funny. no, we don't have it. >> great actor. >> he's got cash. when he writes a check, the banks bounce. jeff bezos is so rich, he got divorced and he's still the richest man in the world. stuart: that's funny. >> the joke of the night. that was the joke of the night. he got divorced and he's still the richest man in the world. chris rock is hilarious. stuart: it was good. >> it was. also, brad pitt was funny, too. stuart: one second. hold on. you've got a new show on fox nation. >> i certainly do. stuart: stand up? >> yes, stand up comedy. it's me and my two buddies, the freedom to laugh tour. late night is owned by the left, it's owned by liberals. stuart: i've got to go. more after this. 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. ♪ yes i'm stuck in the middle with you, ♪ no one likes to feel stuck, boxed in, or held back. especially by something like your cloud. it's a problem. but the ibm cloud is different. it's the most open and secure public cloud for business. it can manage all your apps and data from anywhere. so it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. without getting in your way. ♪ ♪ . . stuart: must update you on the story of bill gates hydrogen powered super yacht, $640 million worth. the company that makes it, sinot. maybe, says it was not sold to bill gates. it says that news reports about gates buying it are incorrect but he might buy it. we got that? $640 million. hydrogen powered. ashley: he is thinking about it. stuart: he can afford it. check that market please. we've come back a bit. we were up well over 100 points. now we're up 60 points. pretty much across the board we're up. technology stocks they're doing well again. the nasdaq composite hit a brand new all-time high earlier, way above the 9500 level. there you have it. stocks up. that's about where i am going to leave it. neil cavuto, sir. it is yours. neil: we know your name wasn't on the list for that vehicle, right? i mean that, that is a tad too much. stuart: i can't swim by the way, neil. yachts are not for me. neil: yeah, yeah. okay. i'll buy it. thank you, my friend, very, very much. we're monitoring a lot of developments. we're in new hampshire the site of a primaried understand tomorrow. it is a race tightening up. out of nowhere amy klobuchar emerged as a real threat in this race. suffice it to say everyone watching joe biden right now. there is an event going on. he is in gillford, new hampshire. ripping at reporters andnallists. people say he is cranky, angry, maybe after the results he will be cranky and angrier. hard to say. we

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