All across the east. Not much of a bounce back as of right now. Lets bring you up to speed on the flight to safety, gold has retreated to the tune of 23 an ounce now are well shy of 1700. But the yield on the ten year treasury, that remains stubbornly near its lows. That indicates the move into safe u. S. Bonds remain intact, 136 on the tenure right now. Move on to politics, the democrats debate tonight right before 7 00 p. M. , at the South Carolina primary, Bernie Sanders will be attacked. Especially after he doubled down on his admiration for fidel castro. Also crunch time for Mike Bloomberg, he can show he could debate, and joe biden has got to show hes up for the fight ahead. As usual in the hectic times, a big show on the way for you, and a moment you will see the president go after cnn, what a putdown it was. Varney company is about to begin. How can you justify to their American People have an acting dean i would note intelligent. First of all i want no help from any country and i have not been given help and if you see what cnn, your wonderful network said i guess they apologized in away, didnt they apologized for the fact that they said certain things that were not true, what was their apology yesterday, what did they say. I think our record on delivering the truth is a lot better than your sometimes. Let me tell you about your record, its so bad you ought to be ashamed of yourself. You probably have the worst record in the history of broadcasting. Stu wow, that was him just a few hours ago, come on in fox news go to ritter. I him having fun this morning. But lets move away from cnn and the putdown, heres the president on the world stage representing americas prosperity, arms deal, future trade deal, i think this is a win for the president. Absolutely. Stop and think about what it must look like to the rest of the world watching the successes that this and president has enjoyed especially in the economy, stock market, wage growth, unemployment, all the successes and looking over at the Democratic Party and some of the squalling, not just from the people running for president but looking over at congress and elected officials in the Democratic Party trying to impeach the guy, they must just be absolutely bewildered about what is happening at the top of the Opposition Party in the United States. Again, i went for the United States, win for the president , whats unfortunate, i think some of his appearances in india were overshadowed here by the virus in the stock market selloff. I would like to see more what the president had to say. Indeed. I think obviously the virus is going to be something we will be focused on for some time. As it looks like its not going away very quickly and its going to be really fascinating and a little bit terrifying to see how that will play into the electi election. The president did say the virus is very wellcontrolled in our country so we did approach that in his news concret confer. I think thats a. , you look around at the other countries, take north korea for example, if a virus like this breaks out in a place like north korea, you think for a second they have the equipment and the ability to control Something Like this . I dont see how they do. Yet again, the United States of america is a very good place to be in this world and i wish more americans woke up every day and reminded themselves of how lucky we are. Stu hold on for a second i have more in just a moment. Looking for the big rebound, joining us now market watcher scott shelby. Look on your screen, thats not much of a rebound. No it is not. Its good to see things stabilize for second but the two big takeaways from yesterday, this virus is going to slow growth. Its definitely going to slow chinese growth, it will slow the u. S. Growth. At a time where we have 3. 6 unemployment and only 2 gdp, thats a little worrying, the other good take away, this is going to be with us a while, this will not be a firstquarter thing, its probably good to be a thirdquarter which pushes us towards the election. It will be a small black cloud Going Forward and itll be interesting to see if they weather the storm. By the way i received the president ial suite. Ill read it. Chuck schumer is completing for publipublicity purposes only thi should be asking for more money than 2. 5 billion to prepare for coronavirus. If i asked for more, he would say it is too much. He did not like my early travel closings. I was right, he is incompetent. You want to comment on that scott . Whatever the president does Chuck Schumer will disagree. I would argue if he said it was good to be 10 million he still say is not enough because hes a democrat. At the end of the day you cannot listen to what he has to say about the president s behavior. By the way i wouldve said hes looking like a much more world leader on stage 110 120,000 people in india then back fighting and fighting and watched tonight what happens with the democratic debate. Thats a more serious situation than what the president is doing. Stu i do notice that the flight to safety is still with us especially with the ten year treasury, gold is down 22 bucks but the flight to treasury is still going on. Im not a big fan of gold in these times. If you want to buy gold to hide your money, and buy it in a time of armageddon we dont have either one. Whats happening, we set new records on negatively priced debt, we will see these rates continue to ratchet lower and lower and have our brains go higher and higher. There could be a point where we see the tenure make iran at 1 . That will be the market during the president s work for him if he wants lower rates anyway. Stu stay there please i want to talk to you about President Trumps diet shortly. [laughter] on this program were looking for bright spots in the economy, i think we found housing as a bright spot. Just received the latest read on home prices, does that confirm it shows in fact the rate of home price for the 20 metro areas up 2. 9 in december, that is yearoveryear, that by the way is the fastest pace in 11 months. So the general consensus is the show stable growth, prices are rising because of the lack of inventory, we talked a lot about that, the city growing the fastest with regard to home prices, number one phoenix up six and half yearoveryear followed by charlotte at 5. 3 , tampa at fivepoint to percent all very warm and lovely cities. I have two big names we are following, first of all home depot, better profit and that stock is up 7. That is 3 . That is tied into the housing rebound. Strong holiday sales, macys, stock not moving much, of 12 sent at 78. 78 . 15 bucks a share on macys. Shortly we have an analyst on the show this is macys is rearranging their chairs on the titanic. This analyst does not like macys buried overall look at futures, were looking for the rebound were not seen much of her rebound, the dow up maybe a hundred at the opening bell. President trump on the world stage joining his world crowd, but the media is obsessing over what hes been eating on his tour. Crazy headlines to show you. Bernie sanders on how he plans to pay for ambitious politics in a medicare for all Green New Deal et cetera, et cetera, et cetera. Will be digging deep into your pockets to pay for it all. We have details. And the knives will be out for bringing the debate tonight. What about Mike Bloomberg, can he recover from his first debate debacle. We are following at all. More burning afte varney after s al look, this isnt my first rodeo. And let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation 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 thats best for you. Call today and find out more in aags free, noobligation reverse Mortgage Loan guide. Access taxfree cash and stay in the home you love. Youve probably been investing in your home for years. Making monthly mortgage payments. Doing the right thing. And its become your familys heart and soul. Well, that investment can give you taxfree 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 arent for everyone but i think ive been round long enough to know whats what. Im 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. Stu im not sure i know the name of that song. [laughter] clearly the race for the democrat nomination is on in the debate tonight is going to be seven candidates on the stage. I do declare that bernie sande sanders, seven candidates face off tonight, there in South Carolina bernie is the one to watch, they will go after him because hes a front runner, by the way he has unveiled his plan to pay for his socialist policies. I have a dictionarys worth of information here. Basically its higher taxes, higher taxes, medicare for all, universal healthcare, theres a smorgasbord of Financing Options but raising the top marginal income tax to 52 on income over 10 million, Corporate Tax reform goes back to 35 , lets not forget the Green New Deal, 16. 3 trillion would make the fossil fuel industry pay for their pollution through litigation fees and taxes and by the way reduce defense spending by 1. 2 trillion, put that towards a Green New Deal. My favorite, free college for everyone and wipe out all the student debt, that would be 2. 2 trillion that would be paid for and up the tax on stock trades. A fee on every bond trade and derivative trade. Overall we get to see where this is being paid for, higher taxes and taxes on transactions. You have to come back to this, how does he get away with the economic nonsense. Its a testament to the absolute failure of education in america. There are enough bernie bros, enough supporters of Bernie Sanders who really believe in this stuff and they have no sense of history, they have no sense of what socialism actually is, its actually the creation of a massive massive power structure, socialism obviously is not an economic system, its a form of detail as terry is in them, a way of taking money. If there arent enough Mike Bloomberg to just soak the rich, you will be raising taxes on people 29000 a year to feed for children. Right hand side of the screen is charles who is still with us. Essentially, Bernie Sanders proposes to do pretty much the same as fidel castro did to cuba. Funny thing, maybe thats why he spent so much time praising him because hes going to cut off the state of florida for democrats forever. But even when you look at his efforts to go after the fossil fuel industry, all that means the price of gasoline is going to go up double, triple, quadruple and that right there destroys the economy by itself. So much to go out and so much little time. Thanks as always for being with us, we will see you real soon. Now bring an white house reporter, he is in South Carolina, the latest poll from their heading into the debate tonight, biden and sanders in a very tight race. Bernie has momentum, who comes out on top do you think . I think right now its too early to call, we found ourselves kicking ourselves from earlier on thinking one thing was going to happen and then otherwise absolutely occurred. One thing that we can say for certain if Bernie Sanders is going to be stopped anywhere before super tuesday its likely going to be South Carolina, early polling shows joe biden still has the lead even though Bernie Sanders is coming up closely behind him. But if joe biden cannot hold on, if Bernie Sanders is able to pull off the upset he will have one for states going into super tuesday with very serious momentum that some fear unstoppable. Do you agree with me, bernie will be the big target in the debate tonight . Absolutely, for a long time you saw other candidates being unwilling to go after Bernie Sanders, the left wing, but this is the last first dance, tonights debate is your last opportunity to make a First Impression and we saw tom steyer surprisingly go after Bernie Sanders for wanting to take over segments of the economy. Those were his words, Pete Buttigieg also went after Bernie Sanders and this morning things arent even full swing, we saw joe biden and Mike Bloomberg cut out statements questioning Bernie Sanders ideology. Its going to be a long and likely blood he night for him. Stu but i will watch. Mike bloombergs debate strate strategy, he is going to go after bernie tonight as well. Hes gotta make up for the disaster in vegas. Youre absolutely right. If you look at what the Bloomberg Campaign is put forward, their theory of the case, they are going to be the establishment champion who could go headtohead with Bernie Sanders but that has not happened. We saw what happened in las vegas and we saw all of Mike Bloombergs billions of dollars could not get him a good debate stage performance. If hes going to say that hes the guy with the plan and stand up to sanders, then later trump will have to have a stiffer upper lip, you have to believe you have to believe in his analyst have been prepping him for the stage. Stu we have one on the show later. First of all mastercard, and seo announced he is stepping down. That stock is down one point to 5 purdue like to keep you in touch with the moments of amazon, their expanding their footprint with the cashier less Grocery Store, more on that coming up. Amazon backup 19. Cleaning Products Company like clorox for example getting a boost from the Virus Outbreak, biggamagain yesterday, electros that allow employees to work remotely, they got a boost to the outbreak no change in the stock premarket this morning. Overall features are looking for rebound, we will get a modest rebound. Down 1000 yesterday, up maybe 120 at the opening bell today. Not much of a rebound. 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Stu the worlds richest people racked up big paper losses in yesterdays selloff. Lets start with jeff bezos how much did he lose. He lost 4. 8 billion. He still worth over 123 billion to be exact. His exwife, they divorced last year end the base of worse of all time some would argue. Stu im sorry, not to interrupt, lets listen in. A very Productive Work and weve seen a good deal in your country and integrate Country Pride and the relationship has never been better between india and the United States and as you know were working on major trade deals and military purchase deals and a lot of other things. Were very positive things. I just want to thank you i would like to thank you very much. This is a great honor. Thank you. On behalf of the first lady and myself and all my representatives, this was a tremendous learning experience and something very special, india is a very special nation and its great to be with you. Thank you very much mr. President. Thank you. Stu the president cementing the relationship between the United States and india. Perhaps i hate to use the word using but maybe using india as a counterbalance with our relationship with china. Certainly balancing things out and organizing the trade you. Were coming up to a commercial break that will take you to wall street where were looking for a rebound, im not seeing much of a rebound right now. Back in a moment. [ applause ] thank you. Its an honor to tell you that Liberty Mutu