But first here is whats new at this hour. President trump on his west coast tour. The president about to depart las vegas and head to colorado for a Campaign Rally tonight. Well review any breaking headlines from the president this hour. Plus, money, well, turns out it cant buy you everything. Michael bloomberg pouring more than 400 million into his president ial campaign that did not help him at debate time last night. New resistance against amazon. Another city fighting the company on its plans to provide thousands of jobs for american workers. Who would want that . Connell fox Business Team coverage of that and more. Blake burman at the white house for us today. Jackie deangelis on the floor at the New York Stock Exchange and speaking of amazon, Grady Trimble is on the ground in the state of illinois. Well get to all three but first to yaki. Good afternoon to you, connell. While the dow ending down 130 points, after a bigger drop earlier in the session, roughly 300 points. That was after on rumors, some chatter was circulating on the floor here that look, maybe the coronavirus complacency on wall street isnt exactly right when it comes to this situation . Maybe china is not exactly telling us whats happening. Maybe this can become a pandemic. That is really what spurred a lot of the selling. Then one fed governor pouring coal cold water we would see more rate cuts this year and that was why the market dropped. The big story of the day was Morgan Stanley buying etrade for 13 billion in an allstock deal. You can see etrades stock was trading higher by more than 20 on the news. Its been a target since we saw Charles Schwab and Td Ameritrade merge at the end of the year. What they are going to get . Five million retail customers. Morgan stanley is known for its High Net Worth business. Now theyre folding this in. More competition, more consolidation, more the ability for the company to attain additional revenue stream. The etrade ceo will come over to run the business. One interesting point that was brought thome down here this, is the biggest wall street deal weve seen since the financial crisis. More regulation of course coming after that point. Competition, consolidation, the search for revenue actually creates a situation where consumers now will have maybe less choices. Guys, back to you. Connell that is a big deal. Jackie. Thank you. Melissa a tale of two tapes. The white house releasing the annual economic report showing the u. S. Economy continuing to outperform 2016 election expectations. This as selfproclaimed Democratic Socialist Bernie Sanders is quickly emerging as the frontrunner for the democratic nomination, promising a radical transformation of the american economy. Lets go to blake burman at the white house for all the details. A stark contrast there, blake. Reporter melissa, yes indeed over at the white house they produced today what they call the economic report of the president released every year annually by the president s economic advisors, part of what the administration was trying to do today was draw a contrast between the trump economy over the last three years and the obama economy that led into it. Here is part of their argument today. They say the trump economy led to more manufacturing jobs, greater rates when it comes to Labor Force Participation around homeownership. They also say the bottom half of earners has seen their wages rise more. However it also sidesteps the trillion dollar deficits that the Trump Administration continues to rack up and embrace. Meantime, just a little while ago, hope for prisoners Graduation Ceremony in nevada the president said the economy has made things like criminal Justice Reform possible. They used to have the excuse, well we cant do it, the economys no good, very high. Were down to 3. 5 . Were probably going lower. Wages are going up, first time in 21 years theyre really going up and going up its a beautiful thing. If youre like in my world its a beautiful thing to watch. Reporter also capturing the president s attention today the democratic debate from last night. The president continuing to pile on as so many have across the country to the performance of Michael Bloomberg last night. He posted to twitter, president did at one point, quoting bloomberg who said that Bernie Sanders cannot beat the president. The president responded by saying quote, mini, as he likes to call Mike Bloomberg there is even less chance after watching your debate performance last night of you winning the democratic nomination. I hope you do. Bloomberg fired right back with this, quote, shouldnt you be pardoning roger stone, you carnival barking clown . That just a sampling to the reaction last night. Melissa i mean the problem is, that his twitter account, Michael Bloombergs is so much quicker, clever, more on point than his startled expression last night. Reporter we learned bloomberg spent 463 million on his campaign so far. He has a few people working on social media. Melissa he should put that person on the debate stage, instead of himself. Just a thought. Break, thank you. Connell like Jonathan Hoenig is great on twitter. Capitalist Pig Hedge FundFounding Member joins us, pretty good person and fox news contributor. Axios, youre okay too on twit and in person. Deion rabouin. I dont want the smoke either. Connell President Trump contrasting his Economic Performance with president obama. Pretty soon which might have to contrast President Trumps performance over the next four years with a potential president sanders. Not just because of last night. All the data shows Bernie Sanders is the frontrunner. Talk about contrasts in mick visions. Trump, sanders. What do you say. If you watched Bernie Sanders last night he really didnt run from it. Many times his other democratic competitors referred to Bernie Sanderss suggestions as radical transformation as a revolution, what he is talking about in many cases wholesale transformation of the u. S. Economy as we know it. Mike bloomberg offered up a tepid apology for capitalism at times, really didnt move the needle, but you cant change the fact, connell, certainly over the last three years the economy has boomed. The stock market has boomed. For those at the ultratop and those in the middle an even lower class as well. The economy is doing strong. No democrat can spin it any other way. Connell good job correcting my name. Otherwise nasty tweets. Melissa i was working on that. Connell all right. You think the market and investors are wrapping their collective arms around the fact that Bernie Sanders is very, very likely to be the, at least the nominee of the Democratic Party at this point or theyre not there yet, the Investment Community . I will say this. It is february right now. Bernie sanders is obviously leading in the polls. He opened up that lead but it is february. There is plenty of time for the bern man to trip over his own feet or make a gaffe, something to pop out. You still got Mike Bloomberg who, wall street still seems to be behind despite that very tough wall street regulation bill he put out a couple days ago. Connell right. You have got mayor Pete Buttigieg. He is much more of a moderate and joe biden who could potentially come to grab the nomination. There is a lot of, folks are not ready to crown bernie yet and you have to remember, house and senate would have to sign off on any big bigticket items he wano do, medicare for all, free college tuition, these items the bern man is proposing would need congressional support and no chance. Connell the bern man. I told you i didnt want the smoke. I told you i didnt want the smoke. Melissa one top analyst warns that even spaceships puts return to earth. Jonathan, what am i missing here. This is about space tourism. Im pretty sure we cant do that right now. Theyre also talking about about cars that can cross the u. S. , hypersonic opportunity but in an hour . It is trading at eight times 2030 sales . What is going on . This is speculative bubble, melissa. Weve seen this before, whether pot stocks a few years ago or bitcoin, taking back the nanotech bubble 5 years ago or even tesla. This is thinly traded stock with very few ideas, no even discernible revenue. This company had to become public through reverse merger type of apparatus. This is emblematic scenario we get in the very frothy markets with speculative play things, forget price to earnings, there are no earnings. Melissa there are no earnings. Deion, is the sky falling with this one . Not right now maybe but time to go to the sky. If you bought in early doesnt matter about the fundamentals. Goodness. People talk about the fundamentals. Look at tesla. If you were worried about the fundamentals of tesla 250s tried to short the stock, youre hurting right now. Buy all the dips. It has been on a nineday run. Buy the dip. Buy. You have to learn from the stock run. Buy. Dont ask questions. Connell be careful. We have all of this on tape we used to say. Get to push the amazon story and another area, pushing back on the expansion of amazon. The Company Wants to build on a large property in a village in illinois and the mayor of that village is answering with a resounding no. Wants no part of amazon. Grady trimble has been reporting on this just outside of chicago in bowling brook, illinois. Joins us there from with the details. Grady. Cities and towns chomping at the bit for this type of proposal. A Fulfillment Center on this property, bringing 1500 jobs paying 15 an hour. The mayor here he says, no thanks to amazon. First of all he says that 15 an hour isnt enough even though am on pays more in its minimum wage than the federal minimum wage and any states minimum wage including illinois. He says the building itself, Fulfillment Center would be ugly and twice as tall as the tallest building that is in Bolling Brook illinois right now. He worries that the village would not be able to hand dealt traffic. The mayor in this chicago suburb he is probusiness and a republican but he says this business is not right for his community. The jobs, 1500 jobs that pay 15 an hour, that is not even a living wage. I said it is kind of ironic richest man in the world pays on worst salaries. Im not taking on amazon. Amazon is taking on us. We made it abundantly clear in at least two meetings and a phone call this is not a good fit in bollingbrook. Might be a good fit somewhere else but not here. Reporter we reached out to amazon but have not heard back. Connell. Connell interesting story. Jonathan and deion listening in with us. A whole different than what we saw in Long Island City but what do you make of this in the chicago area . This is starting to steamroll. There is starting to come against amazon. They got rebuked with the coalition in long island, new york. They came to new york and brought as many jobs, less jobs but a bigger footprint, brought up more real es stay and got no tax incentives. Amazon is trying to levy for tax incentives and taxexempt status and havent got it. This is not about tax incentives. This is discrimination, Bolling Brook, discrimination, i dont know wants to invest in the community and create thousands of jobs. Chicago played the game with walmart over a decade. Connell not good enough for him. Not the mayors choice to make. Wrong to keep amazon out just as wrong to keep chikfila out. If amazon wants to make investments and communities in suburban chicago which have seen the Property Values plummet will rue this mayor making this choice. Connell jonathan, thank you. Dion, good to see you as well. Appreciate it. Melissa rocky debut. Michael bloomberg feeling it of a bruising debate. Can the mayor bounce back . Connell how nissan is flipping the switch to give drivers more options on the road. Melissa free college tuition. One universitys controversial move to tackle the high price of education. 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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 youre over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. And if you call us today, youll only pay 149an over 50 savings. Read it again, papa . Sure. Ive got plenty of time. Life line screening. The power of prevention. Call now to learn more. Connell fox business alert. The Trump Campaign announcing it has raised 60. 5 million for the month of january, ending the month with more than 200 million in cash on hand. Ronna mcdaniel, who is the chair of the Republican National committee saying quote, the recordbreaking support for this president and his policies continue to grow as we head full force into this president ial election year. Melissa money cant help a rocky debate performance. The democrats taking to the stage as Michael Bloomberg made his debut. Really didnt go that well. I dont know if you saw it but im sure peter doocy did. He is in las vegas with the details. Peter . Reporter melissa, Michael Bloomberg is not on the ballot in nevada, so he got out of town to super tuesday utah where he is trying to laugh off what happened last night. I was here in salt lake last month. We had a great event but the energy is even better today. [cheering] and just like last night at the debate, except the other people on the stage are actually happy to see me now reporter warren was the first to take a whack at bloomberg unearthing old unflattering things he said about women and her Campaign Says they had their best fundraising hour of the cycle while she was doing it. The Bernie SandersCampaign Said they had their best fundraising day of the entire cycle from the start of the debate until now. Now sanders has warrens attention as she calls for him to release more medical records. I think that was pretty clear. People made it clear that he has made a promise to release all of his medical record and i thought that was what he was going to do. Reporter weve also got new react hundred now to the leaked Bloomberg Campaign memo calling on certain contenders to drop out so bloomberg can concentrate on sanders. Those named as needing to go . Biden, klobuchar, and buttigieg. Well, if he thinks there has to be one alternative to Bernie Sanders i suppose we could find Common Ground on that. Maybe he should step aside for the person who has the most delegates right now. Reporter just a few minutes ago here in Vegas Joe Biden says he doesnt think the new york mayor is in the right political party. Melissa. Melissa wow. All right. Peter doocy, thank you. Connell certainly gives us a lot to talk about. Bob cusack joins us from the hill where he is editorinchief. Just adding to peters reporting from vegas, Elizabeth Warren tweeted a few minutes ago she raised five Million Dollars since she stepped on the debate stage last night. You have this race, bob, everybody said, well, can we have a headtohead between Bernie Sanders and one other candidate. Warren was, looked like she was in trouble, she may be but she obviously has got some money. Biden is hanging around at least through south carolina. We know buttigieg has got money. Klobuchar is raising it. Bloomberg, whatever his performance last night has spent 400 million plus for his own money. How would you characterize the state of this race . I think it is all over the place and its unpredictable and no one as you mentioned, none of the contenders will get out anytime soon. Maybe biden