candidates have come on that show the popularity. >> a likability factor that people are going for there remember when bill clinton play saxophone. good stuff. thank you lauren great show have a great day everybody. stuart take it away. >> it does and good morning maria good morning everyone. britain's prime minister suffered a humiliating loss. a brexit plan defeated by a huge margin. hours from nows, theresa may facing a no confidence vote which could bring down her government. now with constantly asked what happens next? and i have to tell you, i don't know. history is unfolding and we to not know where it leads. now, in britain, you can bet on anything. and a lot of bets are being placed on politics. according to the bookies we'll follow the money theresa may will win no confidence vote but, socialists, with jerry mccorbin likely to be the next prime minister.

sit back, we will take you through it all. now, none of this is brexit stuff, none of that is affecting our market far from it. 2019 has been a good year for stocks so far and the upside move will continue at the opening bell today. we're back above 24,000 on the dow. very is strong earnings reports from big banks, that is clearly helping our market today. and there's this. alexandria cortez will sit on the house financial services committee. that committee is chaired by maxine waters aoc will dig into what she calls the student loan crisis, i.c.e. did i tension and postal banking. "varney & company" is about to begin. >> and here are the earnings which are attracting a lot of attention bank of america and

goldman sachs, very is strong earnings in the stock premarket up 5% goldman up 3%. solid gains and the company strong earnings and not seen premarket stock market quote at this point. but just a moment ago they were up about 1%. so they're joining in the earnings gains here. liz peek is with us. there's a pretty good earnings from banks that's a nice -- >> goldman beat estimates in terms of revenue and citi group failed to do so this is sort of a nice heads up that a the banking industry is alive and well. bank of america also talked about consumer loans being up strongly basically state of the economy was looking very good in terms what they're seeing in terms of money and all around extremely good news. >> back to you in a second pif to get to overall market now we're going to open higher looks like a triple digits gain for the at the opening bell expiet

as a i was saying there was a humiliating defeat for britain prime minister over brexit that doesn't seem to have an affect here. hans olson is with us fiduciary trust guy why is the market going to go up 100 points on the dow when had brits have got this terrible defeat? >> yesterday the market was up the european markets were up. u.k. market was up yesterday and we're going to be up again today. despite this historic defeat. i think what's happening in what liz wases getting to in the earnings reports of these banks if you look at the consumer side right where they're making their money that piece of the business is doing okay. the demanding for money continues to be there and line of sight into the economic state of play which continues to point to growth. so forget about brexit that doesn't count today. bank earnings are where it's at from a larger perspective we'll see this as it plays the over

quarter but earnings -- growth fq4 on order of 10, 11%. still pretty good. i would say. hold on for a second i want to turn to politics deal with that. you know politics and money very much our bread and butter on this program. congresswoman xangd ya cortez is reportly going to join maxine waters on influential house financial services comet. meanwhile, new york senator deer stand gillibrand promised at a debate she would serve her full six year term. new york city's mayor bill de blasio rolling out a new plan that would allow the government -- city government to cease buildings of landlords who force tenants out. liz peek sitting here anxiously waiting to get in this one. far left is making really big inroads here. >> some of them are vehicle m like aoc as we know she's been put on the financial services committee but what's interesting is she's one with of three or four very vocal attention

grabbing freshmans being put on that committee it is sort of like they staffed the deck and they decided they could rain them in under maxine waters on financial services. but you know it is not -- insignificant because there are a lot of policies that are going to be coming up for re view and discussion is in the financial services committee. things like what to do about the consumer financial protection bureau, what to do if rolling back some of the more egregious mistakes made in dodd-frank and ooc said we can't roll back these relations they are very much peat to the soft soundbite definition of banks as bad guys in the room. this could have some negative repercussions as we go forward we're going to hear a lot of anti-bank inflammatory language i'm sure coming out of this committee right now. >> i want to know where are moderate ares? >> there are some on that committee an i think and politico is out with this story saying they're going to be a lot of tensions on this committee. because, in fact, some of the guys like meeks have been on it

for a long time and they are not going to be welcoming of this language but they want to tackle student legending good or her this is a come who needs educate herself on real world experience of some of these programs and some of these m problems they want to expand housing. let's have a little review of what caused the housing crisis shall we? and discuss how that went badly -- so you know, look, i think we're in early stages of these people gaining traction. in terms of de blasio and gillibrand we knew they were going to be running for president a crowded field for sure. >> can't let the facts get in the way of your ideology are. come on. >> that's exactly right. christina is with us. you want to make any comment? of any kind? >> yeah i think if you're where talking about right and left left is in a state to figure themselves out are they going to be more extreme, more left like aoc, or do they want to stick to the center and focus on all of

issues that have not helped them in the past so if i felt like the media, we're all talking about it. the being left and more extreme. but i realistically i don't think that will work think of the midterm who went out to vote? >> but the party is being dragged to the left. that's my point. that's what is going on here. no question about that. drag to the left and i'm not hearing much from the moderate so far. >> well they're not getting attention that's sure. she's young all over social media. >> i have to get to the market because we're going to be up this morning triple digit and looking now the a gain of about 120 points. hans olson patiently sitting here and i'm talking about politics it has been a great year so far in 2019 every asset class is up especially stocks is that going to continue? >> i think it is. i think over the course of the year, we'll see high single digit returns on u.s. stocks. so you think about that in terms of maybe 26,000 on the dow.

27, 2800 on the s&p. so very good returns, especially when you think about late cycle right. you know, this is the the year in which the economic cycle will be f will become longest on record going back to ting the -- 1860s. but it's not going to be interrupted this year. >> not going to be interrupted this slowing of economic growth -- we're starting to see that already happening, you look at empire survey yesterday. that came down so growth is definitely slowing. but it is still growing. >> it is still there. still there. all right we appreciate you being with with us as always see you soon. united as united airlines united continental big winner better profits as new flights from its hubs really pay off. that stock is going to be up, 6% at the opening bell. got to get to netflix. it reports its profits after the bell tomorrow afternoon. it was the stock of the day yesterday. it zoomed and by the way, it is holding on to its tbains this morning.

354 on netflix and then we have sears a lifeline all right christina. this is your story. tell me. >> again so he's hedge fund largest shareholder of sears we know that he put in a bid and finally seems according to several news organizations that it is going through and prevailed 5 billion. he'll be able to revive only about 425 locations. think back -- it's not bad. but -- is he serious? he's serious. this is happening and he -- nobody is shopping at sears. exactly he beat out the other bid which was to close sears. and all locations and television pretty much landlords creators who wanted money back giving mounted debt that it accumulated. i know it is iconic american brand heard about it since you were younger but if you ask people even in the studio when was last time they walkinged into sears? how did they revamp are to cater to the -- changing demographic? they aren't really done anything so can eddy turn around 425 stores?

>> or wasting his money? >> wasting other people's money -- >> yeah. yeah. yeah. what was that margaret thatcher said trouble with socialism is sooner or later you run out of other people's money. but there you go. check future have we got a better gain? yeah we're still up about 120 odd point for the the dow. a lesser gain or for nasdaq about quarter percent up there half percent for the tao well above 24,000. as we were saying huge dephotofor troughs may's brexit plan. you're going to see a no confidence vote later on today. we have nigel on that story he says if theresa may has any honor, she would resign. we're going to let him make his case of a this. meanwhile big loss from mcdonald's. a european court ruling that they can no longer have the right to the words big mac, the trademark thereof in european union how about that in

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>> futures pointing a little higher now. up about 130 points. when opening bell rings in 15 minutes. humiliating defeat for brexit yesterday i'm the sure you saw it as a no confidence vote coming up later on today our own ashley webster still in don for us give me run down time frame what are we going to see? is >> well look to see a lot more debate beginning on papers today says theresa may fighting for her life people calling for her resignation saying she should do honorable thing and reare design same thing labor leader said she's not and have a debate and 7:00 tonight stuart they are going to have their

confidence volt and she's widely expected to survive that. the last month she survived a vote of confidence from hearse own pearpt now survive one on national level and then she has to try to find some sort of -- a agreement with opposition party members to get this deal across the line as they say. now who are they saying could be the next prime minister? well, i know i feel like i'm general london bookie stew jam corp. din 4-1 and johnson second down the line at 6-1 i don't see jeremy corbin becoming prime minister he doesn't have enough support. forest johnson may be but he's such a brexit he may not be able to get through. i think -- theresa may is going to hang in there as she has for so long now. problem is, the problem is -- she wants a brexit a true brexit no more custom union no more european court of justice or free movement those are her red line and no one else in the parliament behind can agree with

with all three of those things that is why we are stuck. [laughter] >> that's a good out cue that's why we are stuck. because you are absolutely right young man. absolutely right. we'll get back to you shorterly thanks so much ash. look at this tweet now let's get that tweet from nigel here it is. a catastrophic failure of leadership by theresa may. if she has any sense of honor then she will resign. and he joins us now. shoos not going to resign, nigel because -- if -- who else? qhold replace her? i mean, they don't want anybody else, do they? >> she won't resign because she has no sense of honor and hey, wouldn't it be nice if somebody replaced her who actually believed in brexit? because she doesn't believe in brexit. and that is why we're in the mess we're in. and a it is i repeat a catastrophic failure of leadership. no prime minister has ever in

british parliament history lost by a margin of 230 keynote upon which they were elected. >> nigel you predict for me and viewers what we're going to see. >> we will see a little bit of that. i met varney i came in late and in the european union chief negotiate or tore this morning he's not prepared to give an inch on these negotiations. that says to me, this deal cannot go through. and i think the only logical way with through this is the prime minister will appeal to brussels and say can we have extension of the article 15 notice period, meaning we probably will not be leaving on march the 29th despite the huge remifications that will have right through the country. >> just fascinating we're going to sit back to watch it.

michael thanks for joining us we have other fish to fry so to speak so let you do that but we'll talk to you soon totally different story but a real interest here. über is adding a clean air fee to its charges in london. tell me more christina. >> it is going to create roughly 20 cents per mile and this is automatic in london you get into über you'll notice it is additional fee and a it is to encourage über drivers to switch their vehicles to electric car. they want über uber seeing they want to get rid of the fossil fuel so trying to get everybody to become an electric car driver. the über driver all a of the money how much is that four and a half miles? yeah, they -- über driver gets the money. über driver gets the money and a encouraging them because über can't force you to change your car. it is your own car. right? so trying to encourage people to shift over by giving them this funding and then don't forget in london too a congestion fee that equates to 4.for every car that

drives around in london. >> door environmental tax that's what i thought it was. but literally über saying we want with our drivers to -- to really help london become all electric by 2025. one question would be if you're driving electric car do not charge the fee? >> there's no fee if there's an electric car. >> seems to me maybe there's a green element of this but way to boost über earnings and driving earnings because that's a contention. >> i wouldn't be surprised if other cities didn't follow that. it could be. all right fake a look at futures. have by got up anymore where are we up 132 we'll take it day 26 of the longest government shutdown in history members of congress headed to the white house again this afternoon. they're trying to hammer out some kind of deal. here's the question, will any democrats shough up today in they didn't yesterday. live report from the white house after this. place, the xfinity xfi gateway.

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simple. easy. awesome. click or visit a retail store today. to the shutdown day 26 president trump invited group of centrists from both parties to meet with him in the situation room and white house this morning. blairk berman is there. obvious question blake will the in thes show up this time around? >> it is the right question stuart we've asked several times from the white house this morning have yet to get a response as to whether or not

democrats will be at this meeting. sarah are sanders press secretary a little while ago said she's hopeful at some point in thes can come to table to sort of meet the president. meet the president on this one. keep in mind yesterday, that democrats were invited here to the white house. a handful or so, and they decide not to show up for lunch yesterday with president trump afterwards who was a part democratic house leadership said if you get invited to go to white house get invited to sit down to the president and, quote, you ought to go down. so we'll see here. two hours are now 11:30 whether or not problem or solve caucus republican, democrats a group eve this about 50 members give or take we'll see how many come down here, and indeed if democrats do or not. >> my buck says they'll show up because they can't afford not to. blake thanks very much sir. see you soon. more on shut down tsa, safety administration i think that's right security is people at the airports right they say -- 99% of passengers waited 30

minutes or less to get through security lines on monday. and it is amended callout number down to 6.8% from 7/6 problems still linger liz. doing damage control? dges it seems to be very localized for a story out if atlanta having a big problem, and with super bowl looming -- is it looming i guess pretty soon. they're kind of worried that if this goes on it is going to have a mess at that airport seems very, very specific to certain airports, though. >> limited threat. >> interesting that delta is adding more employees to help with the case so let's see if more airlines do that to help with the tsa people that are missing. >> tsa stick out gets really big that will put huge pressure to get a deal on the the shutdown. air traffic control too. absolutely you can't afford that. one riot at airport on security line and you have a real problem. how's the market taking all of this we're up today, again at the opening bell dow will be up over 100 points. not such a big gain for the nasdaq but dow is going to dip

about about half percentage and bring you the opening bell after this. our grandparents checked their smartphones

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which we keep talking about and federal reserve, china trade government shutdown, et cetera, et cetera and yet, the market keeps upon going up. it is going to be up again in five seconds when this market opens. should be up about 100 points let's see. bang here we go. 9:30 eastern time we're off we're running where are we going up 74 points, 70 points 56 points. and any events 58 point okay i don't see all that many -- i don't think that's that's not working. left-hand side of the screen all right move on s&p 500, where is that? in a very early going it is up but not much. a fractional gain there 4 point only. nasdaq composite is the point for the technology stocks. the nasdaq is up and not much. 10 points only 1.4%. now, here's the movers. the banks, some of the big banks reporting their earnings this morning and they're looking good look at that bank of america up

five nearly 6% goldman sachs 3.5%. schwab of course call thats investment company up 1.8% not a price on black drop but go later. as i always say i need help. [laughter] shah gilani is here, jack is here. christina qk to the show. liz peek on company this morning. okay, shah gilani to you have you seen gillette ads? [laughter] are we in for a good year? ing off in right direction and i like to see leadership with earnings coming out so far the way stocks are reacting positively if we see leadership and comes on financial i think we could have a very good year. >> are you in? >> we're at a critical levels on major indexes. critical level -- >> no we're not. we happen to be on all three index dow is 24,000 we stay above that and then i'm getting

back in. nasdaq stay above 7,000 i'm getting back in. >> so you're not in -- >> i'm not. [laughter] i'm not in. but leave it at that, son that's a best a man can get. take a good look. jack do we have a good year we started well? >> what's to not like. greet and could dip into double dimghts right now is market fairly pricey what's not to like pay attention to one thing. evaluation of the market is unreare mark public but fred is huge and widest it has been since 2009 and in other words cheap stockses are very cheap, and expensive stocks good time to be a value investor. >> let me do it wrap around clock here. what about profits how much up compared to last year? overall -- >> this quarter -- for the fourth quarter of last year company reporting quarter e. pfnlg fourth quarter is another whop from a quarter. you know, high teens.

high teens. okay. how much up in profit? i think -- better than inspected i think i agree with with jack i agree with in the the teens. that's very -- you're right benefiting from tax changes all of the rest are of that. i think more interesting thing is what do we have looking forward to this year and looking five to ten percent up, but no one mentioned fed that's the big change versus eight weeks ago when all news was bad news. the fed is now viewed as a benign neutral instrument of monetary policy. that's what's changed. smg all of the bad news is discounted. >> but really what really changed overseas growth is slowing down our growth is slowing down all of that was very worrisome. but really was changed is that fed is now said hey we get it. we get that markets are in turmoil growth is -- by patient five times to one. exactly like everyone. you have the situation of two variables you have interest rates hike forecast higher and fact that they're with qawn a lottive tightening at the moment so you have entire situation. they're still going to shrink

their balance sheet and that's a concern going forward because who will buy these treasury -- >> i don't know any idea what you're talking about. >> but stuart think less money supply out there. and -- makes it a little -- >> taking money out of the economy. that's a possible negative. but it's not show up on market. not yet. ongoing. it is ongoing and it is not nearly as much of a headline producer as raising rates. >> hard to talk about on this program that's the point but thanks for bringing up. you're good. brexit that's supposed it be a negative but it's not. we've got this crush defeat for theresa may and we're up 80 points now up over 100. what would, what news from brexit qowld take our market down jack? >> heading for the choice do you want to -- trample the economy in the u.k. or do you want to trample will of the voters it is not a good choice and ahead for another referendum or hard exit i think that would be surely it would be bad for economy there. would there be spillover for us

probably referendum is kind of harder e to handicap but i don't see that would -- >> not affect us. i agree crash out hurts us, another referendum does not. right you agree. but leaves angry voters there. what's your problem? >> a nonevent i think it digested it all. i think if market goes high or there's nothing bad to happen from the brexit i think if there is a hard brexit i think market will go higher. because united states is still the strongest market in the world right now i think that money will come over here. >> okay. we like the sound of that beard or no. [laughter] netflix -- now netflix i think that was the stock of the day yesterday. and it is holding on to pits gains up another near buck and a half today? they raising prices to u.s. customers 13 to 18%. biggest price increase since they launched streaming service. jack, they've got pricing power. and that's why stock sup. they've actually got more than this, i think if you look at some of the surveys that have been performed bid wall street

banks say how much are you willing to pay they're suggesting they could get up a couple of bucks higher than this before they risk losing subscribers but they're going to blow they've been blowing a few billion dollars a year on content in terms of cash burn rate so that helps with that. not blowing that. that's the attraction that creating this con tent which is better than other streaming content and they're. that's it. >> they have a lot of debt, though, when you think about it to put out this blowing through the money. i think, though, yesterday i talked about it. we won't see affect on our bills for another three months going up two dollars so two bucks on your bill if we see people upset we won't see until june quarter. >> l one second before you weigh into this. netflix reports tomorrow often, after the bell -- they suggest that they're going to raise prices and made that announce the yesterday. does that imply a good earnings report tomorrow or what? >> i think it does. because why would they announce this earning are begin to be bad if earnings are bad stock gets

hit hard and they come out and announce this after that. stock gets hit further on that i don't think so i think this is a positive announcement as christina said two dollars a month what difference less than a cup of coffee. >> i'm with you on this one. to jack's point they're spending huge amount much money on content. that could hurt earnings. but if they have a big subscriber number investors look at that instead and that could argue then people say who cares about the price. >> take a q from the movie bird becomes and put on that earnings report they don't care stock is probably headed higher. >> whatever you say are you buying it? >> earnings tomorrow if their stock comes down and stock cools town for some odd reason yes i'll buy it. >> okay. now to snap oh, rile tour mole there finance chief tim stone leaving his job less than a year. what's the end game here with snap? 11% now. >> that's the the problem i don't think there's an a end game i think stock will continue to suffer. this is a trading stock if you want to get in and out and play it i don't think this is a

long-term investment i don't see the future for this company actually. >> why shaking your head? >> it is a yes in younger generation but instagram has copied them and done very well on still succeeding. i think it is concerning that cfo is left we don't know yet and received a better job offer or a mesh with management if that's the case. >> 13 million on this show. that's a lot of money -- on the table is that 19 million? >> informed but leaving that kind of money suggest -- which this is something wrong. but wall street is dominated by companies that don't innovate anything and take what's yours and figure out how to do it better company like microsoft. instagram, facebook. don't bash my company. >> that's not about the compliment that's a compliment. check big board up now 100 point 103, 104 in any event they're important look at the a level. how about united continental up

a whopping 7.5%. cvs battling wal-mart over cost of fill prescriptions wal-mart will leave cannot pharmacy network over this dispute wal-mart down a fraction. cvs up a fraction. meanwhile microsoft said it signed a multiyear deal with walgreens. liz, this is all about what fending off amazon interest in health care, not sure -- : a combination of tech and health care servers which is inevitable combination maybe it is in response to amazon. but this is something that has to happen. the tech industry has got to get involved in bringing down the cost 6 of health care in this conversation request information flow and data storage all of that stuff electronic record keep becoming big part that have this is a natural thing. i hope it's a huge win. we need to bring down the cost of health care. scary all of that money that the

techs have got it would be good to see it go into the medical system. pfnlgt do something with it. cries out for innovation and you know, anyway. think of data breaches within tech sector so now you have personal medical information. >> that's or already out there. stickses with everything. [laughter] not in health care business and going with them m if this is about infrastructure, this is about the cloud. this is microsoft and cloud and companies want to move into the cloud and microsoft will control that data in there and big with microsoft. >> jeff bezos isn't busy taking risky selfies he likes to say your margin is my opportunity. there's no business in america where there is mrp margin up for grabs we spend way too much in in company, there's going to be tech companies going in and grabbing that margin for themselves. >> there it is we wrap it up 9:30 eastern time. inquire i haven't seen selfies. >> i haven't seen a report. the washington post has not reported the details of the

bezos divorce by the way. i don't think they will. but jack thanks for -- shah gilani. [laughter] you have a problem with gillette -- [laughter] check the big board coming down a little bit. we were down, up sorry up 100 points moments ago now we're up 90 but we're at 24,100. some mexicans from border towns not happy it be that new caravan that's coming north through their country. they're lashing out on social media telling the the caravan people they're not welcome. the former top guy at i.c.e. will be on the show is later about that. and the government shutdown drags on 26 days no end in sight really are. next, we have a republican senator who says it is time for a compromise to end the stale mate. he'll make his case of a this. i wanted more from my copd medicine... ...that's why i've got the power of 1-2-3 medicines with trelegy.

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all right we have a triple digit gain right there on your screen 100 points up for the dow industrials. 24,165 a. to the shutdown. donald trump invited centrists joining us now mike republican from south dakota. mr. senator welcome to the program. great to see you, sir. >> appreciate the opportunity to visit this morning. >> you want a compromise. what kind of compromise did you suggest? >> i think the beginning of this country has been principle individual who is found one way to cool together for the benefit of the country. i think that being republicans and democrats got to as a founding fathers would have suggested indulge other side to find some common ground. the president has made it clear that number one he does want border security. he does want a barrier. he's made his point as to why. the next step, i believe is for our colleagues on other side of the aisle to at least recognize

as president his point of view has to be considered that means that the -- the speaker of the house at this time can't simply say whatever it is you want, you do not get. the fact that he wants to do a barrier of some sort i think should be honored we have bashier there is now but i think speaker has to recognize that -- if she wants to move prld, that there has to be some compromise and not just simply a message to the president that he gets absolutely nothing. but -- at the moment. speaker pelosi is not budging at all. absolutely not at all. do you think that democrats start to lose the politics of this dispute? >> i think the fact that yesterday our democrat colleague declined to come to the qhows would suggest concerned about being able to identify and defend their position or they might very well be concerned that they might lose in the

public's perception their current strategy of saying we want to work together but we're not going to do anything until you open pup government, and from the president's five i hope he continues to try to find common ground. i hope he considers helicopters to suggest that he's not dug in and will, you know, not compromise. i think he's made a point that he's willing to talk total number of dollars and willing to talk to how we identify what those dollars should be used for and i really do think our colleagues on other side of the aisle have to come back in and say there has got to be some common ground. pfnlg seems like speaker pelosi has boxed in under heavy pressure from the new leftest new socialist who were elected to the house. she can't really give in on the wall. without ochgding severely those leftist that are just coming into congress. she's got to box in here. that's one of the challenges in

leadership and i think in which good leaders, leaders who want to truly be -- be movers or shakers they have to bring people together. i just go back down this country was built by principle individuals who indulge others who disagreed. they have found a way to move forward for betterment of counti simply asked this question how good is it to have their government partially shutdown and what does it say to the rest of the world that we can't find common ground as americans and moving forward. >> got it, thanks for joining us sir, see you again soon. yes, sir. more on politics former senate leader harry reid he's weighed in on the socialist congresswoman alexandria cortez. now liz you tell me what did he say? >> he found voice of moderation and basically aoc against radical change arguing reid is

that basically america is a conservative nation, and not ready for fast changes of that sort. that whole tippy tope rate are thing, and that was her language she said it, and a basically just arguing that we really need incremental change but also arguing something that i actually applaud which is that we're a great country. we don't need to drastically change great country. we need to make it better. we need to change some things at frif we don't the go for medicare for all but make obamacare actually work. i know. i know. but you know what i think it was a tempering voice, and i think others in the party are feeling this same way. they're afraid to say that. but the moderates have to come out to make their case. because at the moment as we were saying the left is making all a of the running here. >> that's exactly right and scary because she has two and a half million twitter followers and go after harry reid i'm almost sure.

>> dieing to see new high for the the dow this, what day is it we're up 141 point now. 24,200 just made it. next, we're talking to a tech watcher who says netflix is announcement about about raise aring prices -- is a sign they're about to report blowout earnings. let him make his case, against. but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai.

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this is breaking now nancy pelosi says president trump should delay the "state of the union" because of it shall the government shutdown. she sent a letter to the president saying, just that. delay it please. "state of the union" address is scheduled for tuesday, january the 29th. their response yet from the president. net flix reporting tomorrow a report yesterday said they're raising prices. mark douglas is with us steel house guy he thinks that because they said yesterday they're going to raise prices, tomorrow earnings report must be real good. how good? i think they're probably going to blow out. i mean, look netflix -- end of a year was incredible. they -- box was basically a phenomenal not only on television if it was a movie it would be biggest movie opening of all time. >> that big of a deal.

35 million viewerses in one week in seven days i mean where do you find that and then on top of it sparked a meme about bird box, and i think conservatively 500 million people saw bird box how does that not affect number subscribers it has to and i think it goes up. >> you think it pulls in wanted to see that. on top of that announce prices by two dollars a subscription you don't announce that two day before earnings announcement and then announce you know bad earns or bad subscriber numbers i think company is on incredible roll right now. >> you say on this program at some point that netflix is on track to be biggest most important media company in the world? >> my rue is netflix is most powerful company in media and it's not just because the numbers subscribers they have worldwide. it is because the algorithms they have to e predict what content you want to watch. no one else in media has that.

>> you have mention this had before. now i want you to -- >> they cannot make a failed movie because they can predict exactly what audience wants to watch it. and no one else has that ability even is hoping someone will watch netflix predict who is will wap watch and no other company does that. >> they change posters if i watch a lot of movies or rom come then they reflect that and different characters that are in the movie that would be better suited for my taste will be the picture i see on netflix. or if you like, you know, really muscular men that are action figures they'll be person -- >> the individual that can actually cater to the individual. not your -- senator of new jersey or whatever it is a you. >> down to your account so saying to the account because a lot of people sharing accounts -- which by the way, there was a funny meme about netflix about bird box how did 45 million people watch bird box with 12 netflix -- >> that's right. very funny so all sorts of revenue potential --

in the phenomenon. >> so a modernization with upcoming feature clips basically look luke you're watching they're saying we know you're here to watch animated movie so here are ten more animated movies so this is like bringing it into your home making it totally accessible. streaming services coming up this year are you saying that netflix streaming service is better than better content than and better tailored than other guy. >> you tell someone they're canceling netflix they're shocked. [laughter] they're making a joke and audience -- moments ago, i said to our folks here said well i canceled netflix you're right. there was a look at that, shock -- because where else can you go? disney and netflix don't compete they only compete when someone cancel netflix to go to disney or cancels to go to nbc and universal and it is number one. >> mark you're all right that

was pretty good. thank you very much indeed. see you soon. nancy pelosi having a hard tile dealing with the new wave of democrats in the house. that's my take, the subject of my take which is next. (ding) hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. . . nah. not gonna happen.

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hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for a free kohler touchless soap dispenser with in-home quote or visit kohlerwalkinbath.com for more info. (vo) ♪ here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions

before you even make one. was all this, really necessary? what do you think? ♪ stuart: 10 a.m. in new york city, 7:00 in the morning in california. breaking news on the housing sector. this is homebuilder sentiment. the numbers? >> slightly positive for january. up a little bit. mortgage rates climbed a little bit lower. homebuilders, they do a survey with homebuilders, construction remodelers. they are positive because of mortgages, employment right now is at a point where they can still continue to build. the problem construction costs going forward. will that hit them with all of the trade tariff wars, stuff going on. stuart: fair question. >> really quickly with the government shutdown, tomorrow we won't get housing start numbers or permits. stuart: we didn't get retail sales this morning because of

that. >> exactly. stuart: slightly more positive? >> by two points. stuart: in the next hour we'll talk to jerry howard, the ceo of the homebuilders association. we'll talk about the state of the housing market. and now this. speaker pelosi is having a very hard heim reining in newly-elected radicals. she decides who serves on which committee. sheecides who gets their hands on levers of power. the radicals want the power. they're pushing hard to get it. speaker pelosi has to be very careful how much power she gives them. rashid today talib is outspoken trump hater, calling the president an obscenity and made what are considered anti-semitic remarks. she wants to be on the ways and means committee which writes tax rules. she was denied. alexandria ocasio-cortez who is big on tax the rich. she wanted to be on the committee.

she was passed over. rep kana out there on the left, pushing to be on key committees. no firm assignment yet. this puts speaker pelosi in a bind. the new representatives are young, dynamic energetic. that is what the party needs. the speaker has to keep them in the fold. maybe that explains the speaker's intransigence on the wall. if she is seen to back down radicals will pounce. you have betrayed the base. you can't do that as you run up to the 2020 election. so the speaker stands firm on the wall but throws the left a bone. aoc will sit on the financial services committee. that won't keep the left quiet but as long as there is no cave-in on the wall, they will stay in line with their leader nancy pelosi. the election of young socialists to congress really did have an impact on us all. the second hour of "varney & company" rolls on.

♪ stuart: so aoc will sit on the house financial services committee. so too does sean duffy, republican from wisconsin. he is with us now. what do you think aoc's impact will be on your committee? i mean whatever she suggests is not going to get through the senate, is it? >> it probably won't get through the house. but let's be clear, financial services are plumbing of free enterprise, banking insurance, capital markets, the fed. all you things you talk about on the committee have a bigger impact than taxes. it wasn't her prized position of the tax committee but financial services not a bad second place. and listen, she is radical. so we're going to see in full force in this committee her radical views. by the way the chair is maxine

waters. so they're kind of sisters in politics, as they're going to storm the financial services committee. stuart: i think they will make a great deal of noise. >> they will. stuart: that is deaf it in. now i have a poll here. now it is an online poll. it is from "the hill." it found that 59% support aoc's plan, desire to raise the highest tax rate to 70%. 59% of people polled support that. i find that extraordinary. >> i do too. i don't know that i believe that one poll necessarily, stuart, but the question becomes if you're answering yes to the poll, 70% tax on those that make $10 million or more what is the purpose of it? do you want to bring more money into federal covers or punish success? if you want to punish success,0% tax is great. if you want to bring in nor money for the federal covers, tax reform, lowering taxes, economic activity at 3, 3 1/2%

growth is what brings more money to the federal coversthe do-gooder liberals can spend it on pet projects. stuart: are you troubled by the idea, so many people in online poll, some people support that kind of confiscatory tax regime? i'm really surprised at that. >> surprises me too. leads me to two point, number one, conservatives, free market folks like us have to make the case every single day, why lower taxes less regulation is better for the economy and better for families and manufacturing because we get more opportunity and better wages with the economy we have today than a progressive liberal economy, number one. but number two, look at california. you have people leaving california in droves for texas because of taxes. so, if you want your economy to bro. keep the capital at home. but capital is fluid. it can go anywhere in the world or anywhere in the country. it will go in the best home

possible. if not america, it will be somewhere else, and that costs jobs for middle america. stuart: that's true. congressman duffy, you will have very interesting two years sitting on financial services committee with aoc and maxine waters. wish you best of luck. >> thank you, stuart. stuart: check the big board. new high of the day. very solid gain here. we're up 160 points. that is 2/3 of 1%. how about the big tech names? they had a great day yesterday. a pretty good day today, as well. apple at 155 right now. amazon right around $1700 a share. facebook down a fraction at 148. google up. microsoft up a buck at 106. that is the latest quote for that. goldman sachs, bank of america, they were among the banks reporting today, boy did they do well. both of them i say strong numbers i'm right. >> triple profits. profit the tripled for bank of america, strongest they have had.

goldman sachs, highest they ever had. stuart: really? i didn't know it was that good. >> two small sectors. there are areas of concern but great profits, market reading this, goldman sachs is up what, 6%? bank of america up 6%? there is a whopping great big gains. >> they weren't expecting that. they were worried loan growth wouldn't be there. stuart: our next guest sees some problems for the market ahead. i hate to rain on this parade, kristina, but our next guest is jeff klinetop. schwab chief global investment strategist. first of all, are you worried about a recession, really? >> i'm worried about a recession late this year or early in 2020. the difference is that the stock market seemed to price in the start of the recession end of last year, beginning of this year. that is why i see the bounce in the markets makes sense despite what is clearly a slowing trend in the global and u.s. economic date takes here is possible

negative here. the government shutdown, we're in day 26. do you think after all this time, we're still with a shutdown government, do you think that affects our market at all? >> it can have an effect at the margin. there are a number of businesses actually need the government to function. we need business permits to engage in new activities and invest in certain areas. there are a lot of aspects of the government we need, putting business investment on hold right now in some areas. not just the u.s. where we're seeing political dysfunction. we have brexit in the uk. we have protests in france. we have the budget issues in italy. trade issues in china. all of those are weighing on global market and economic sentiment. stuart: however, at this moment, our market, here in america, is doing very well. we're at 24,200, up 160 points. she is negatives that you're talking about don't seem to be affecting us? >> well that's interesting. that is why i think the market has got ahead of the economists and the analysts. the economy -- economists have

been is he is surprised at the slowdown in data an analysts perhaps. sharp downward move in the fourth quarter, markets priced in a little bit of weakness. i'm not surprised at this bounce. it may have legs in the first quarter but could run into challenges and further weakness later this year as trend emerges in terms of weaker earnings and weaker economic activity. stuart: jeff, one last one. you studied the global market situation. why hasn't the brexit chaos which is ongoing, why hasn't it hurt us? >> because it is fairly contained to the uk. usually when we see something like this we worry about a contagion from the banking system but the uk banking system, though being disrupted is not prone to a crisis here. so this problem remains contained within the uk, relatively little spillover. now that is one issue. of course, if we had spillover from many others going on around the world i previously

mentioned, we would likely see cumulative effect. that one remains fairly contained. markets are convinced there will be some sort of a resolution for that rather than a crashing out of eu on march 29th, currently the base case. stuart: jeff, as some of my relatives say, don't worry until you have to. we're up 155 points as we speak. we'll take it. jeff klein top, schwab. thanks for joining us. president trump tweeting again about the border. here it is. there are 77 major or significant walls built around the world with 45 countries planning or building walls. over 800 miles of walls have been built in europe since 2015. they have all been recognized as close to 100% successful. stop the crime at our southern border. well there you have it, presidential tweet. next hour we'll talk to a former acting i.c.e. director tom homan. i want to know if the president made the case it is really a crisis on the border.

britain's prime minister theresa may facing a no confidence vote later on today. she had a huge defeat about brexit yesterday. parliament is debating right now. you're looking at it. we're on the story. interesting. sears, we usually play the organ music. not today. they're staying in business. eddie lampert's rescue plan was approved. how long can it really survive? good question. we're asking that question by the way. second hour of "varney & company" just getting started. ♪ am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. it's soft... the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly,

and the door ensures a watertight seal, so you never have to worry about leaks. kohler's walk-in bath was designed with convenient handrails for added stability and safety. the wide, ergonomic seat is tilted back for comfort and stability. it has a channel so water won't pool on it. and it positions you perfectly by the controls. while the heated seat soothes your back, neck and shoulders, warming up your body before, during and after the bath. kohler is an expert in bathing, so you can count on a deep soaking experience. honey, are you seeing this? the kohler walk-in bath comes with powerful, fully adjustable hydrotherapy jets and our exclusive bubblemassage. oh yeah, that's the stuff. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind.

call... for a free kohler touchless soap dispenser with in-home quote or visit kohlerwalkinbath.com for more info. would you mind passing my book there. once again, that's... and financing is available for qualified purchasers. stuart: receiving breaking news. nancy pelosi sent a letter to president trump, telling him, asking him toe delay the state of the union message because of the shutdown. she did not disinvite him. although she can do that if she wanted to. the state of the union is

scheduled for tuesday, january 29th. no word from the white house or president's twitter feed. big board still right there, close to the high of the day, we're up 150 points, 2/3 of 1%. has gold reached $1300 an ounce yet? no. 1292 is where we are. is bitcoin back at $4,000 a coin? no. it is still at 3600. you got it. it is official, sears survives, at least for now. eddie lampert will pay 5 billion to keep about 400 sears stores open. gerald storch with us on this, the former ceo of toys "r" us. he is the man who turned target around. very famous guy in the retail business. gerald, welcome back. great to see you again. >> great to be here. stuart: can you really keep sears alive? will it work? >> i think they can reopen or stay open but it will be difficult. the fundamental problems with sears remain and the stores are

very worn down. the retail concept has essentially failed. its lost its consumer relevance. a small pocket of consumers, elderly people, maybe people in certain geographic areas shop there, but by and large it is off the retailp map. unless they have a fundamental change in the consumer value proposition, this will be a double flop. the stores will stay open, but fail down the road not too long ago. stuart: whose $5 billion is being wasted here if that is your judgment being wasted? >> some of it is creditors. some is eddie lampert's. he is taking funny money, debt the company owes him, using that to go back to buy the company. he also put real cash into the company of his own. he continues to have faith what is going on there even as this company has slid into the abyss since he was first involved in 2000, roughly 14 years ago.

where he was a 50 billion-dollar company. now, after reopens i would expect to be single-digit billions of dollars of sales. actually irrelevant in the landscape of retail sales in america. stuart: you're the guy who knows more about retailing than any other guest on this program. i will declare that i think that is true and i want to talk to you about macy's. they turned in a poor performance this past holiday. the stock was whacked. what happened to macy's? >> well i think people are confusing the fundamental retail trends taking place with the health of the american consumer. so what is going on which is no surprise to anyone that sales are shifting from traditional department stores to mass merchant stores like costco and target which had spectacular holiday results and of course sales are shifting to the internet. macy's has been trying to keep up, doing as good a job as anyone can but it is essentially yesterday's concept because department stores of the past, you know, are not so relevant

for the future because in the future the internet is the department store. you can buy everything you want sitting at your desk on the internet. you don't need to go to multidepartment retailer in order to get your goods. so it is not that the consumer was weak over the holiday. consumer was very strong. they don't like department stores anymore. we saw bad numbers, we saw weak numbers out of nordstrom yesterday and they are the class, class act by far of department stores but they are full line department stores which are stores like macy's were up fractionally, a few tenths of one percent same-store sales. very illustratively the nordstrom rack, off-price concept, up 3.9% in same-store sales. i expect good numbers like tj maxx and other concepts when they report. stuart: that is fascinating. while you're here, gerald, talk to me about amazon. i have not seen any official numbers about their sales gains over the holidays. have you bottom a number on

amazon? >> my estimate is approximately 20%. stuart: whoa. >> e-commerce sales grew by 17% according to adobe analytics and amazon is frankly half of the internet right now in terms of internet sales. no way that number is 1and their number isn't in that vicinity. i think it is little better than the average. despite their huge scale, they continue to grow, take share. i put out an index, store much advisors same-store sales index. up 4.5% of retailers reported which is very robust. volume weighted for sales of retailers. amazon not reported. walmart not reported. we'll know a lot more when they do. if you put amazon, grew at any scale like 20%, retail sales for the retail industry grew more than 4.5%. more like five or 6% for the holidays which shows the consumer is it sill strong. stuart: very much so. gerald storch always a pleasure.

my pleasure. stuart: see you soon. there is a petition in the state of new jersey that wants recall governor phil murphy, get him out of office. all about his high tax policies and support for illegals which some believe is just killing the state. i live there. details on this in a moment. ♪

stuart: dow up 140, nearly 150 points. we reached 24,200. the rally continues. now this, there is a petition to get new jersey governor phil murphy out of office. this is apparently about the high taxes levied in the state of new jersey. tell me more. kristina: you live there.

taxes are highest in america when it comes to new jersey. murphy in first year as governor. three woman are trying to put forth a petition to recall him, having him step down. taxes being a big part of that. another issue is gun control. he said he wants to give lyle right to people to own guns if they are residents of new jersey but just wants to narrow that ownership process, so not everybody can get a gun. then immigrant issue has come up too because he has put a bill forward to provide college aid for immigrants. however the women are phrasing just overall immigration stance is unjust. you have the three major issues, taxes guns, immigrants. stuart: not likely that petition will be success. kristina: they need 25% of all registered voter in new jersey. 1.4 million. stuart: it makes a lot of noise. kristina: we're talking about it. stuart: yeah. stuart: there is signal here after tax revolt. new jersey will have a tax revolt. kristina: so high there. stuart: 10%. 10% of every household, of all

the households in new jersey will pay more in tax this year because of the high tax rates in new jersey. what a story. don't get me started. kristina: i know. i live in tiny apartment in manhattan. i don't have to worry about that. stuart: talk about nielsen, the tv ratings people. more and more people they say are turning back to good ol', over-the-air broadcast, okay? like the antenna, rabbit ears. kristina: i love what we're showing on the screen. that is vintage. if i could get a tv with antennas, would i have it. one in seven households are watching free antenna tv. turn the tv on, get local news. unfortunately they won't get us or your show or showing increase and people are tuning in to the news. it is, it is free. stuart: totally free. kristina: free. for those, this stat was interesting. for moments that don't have online alternative, not watching streaming on netflix, they're spending five hours a day

watching tv. five hours a day, which is still good. this is great for us in broadcast media. stuart: what is the problem with that? kristina: absolutely nothing. why we're sharing positive results. stuart: netflix down a couple bucks. that is a surprise. pulling back a little. driverless cars may be wave of the future, their impact is expected to be felt big time next. we'll talk to someone who says streaming things like netflix will benefit from shift to you o autonomous vehicles. not sure how that relates. we'll have him on the show. apple wildly underestimated demand for driverless vehicles. we'll talk about that after this. ♪ now i'm thinking...i'd like to retire early.

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only when you book with expedia. ♪ ♪ lucy in the sky with diamonds ♪ stuart: i kind of like this song. it is not what you think it is about. it is about a picture john lennon's son showed to him. the sky in night. it is not lucy in the sky. >> puff the puff the magic drag. stuart: which have numbers on oil in storage or otherwise. kristina: 2.68 billion. million, million. my mistake. stuart: we used two million barrels, taken that out of storage. kristina: follows the american petroleum institute. we could see a slight uptick. there you go.

stuart: price of oil, $52 a barrel. got it. want to get back to the markets. stocks are to a pretty good start in 2019. i would say a great start, actually. our next guest says it will keep keep on going. marc chandler, he join us now. you've been optimistic for some time. you've been on the show for months. you keep saying we're going up. still sticking with that? >> we retraced what we lost in the panic after the christmas, christmas eve period. we recouped it. i'm looking to hold above 2600, to 2700 in the s&ps. stuart: that is a pretty nice move. >> couple percentage point. stuart: couple percentage points fairly soon. what is propelling us? >> good bank earnings last round. the u.s. looks so much better than rest of the world. looks like eurozone is struggling. perhaps contraction in q4.

brexit is going on. a mess of a situation. reminds me of what winston churchill said. americans have to do the right thing after they exhausted all the alternatives. stuart: did he say that about the americans? >> i think he did. >> i think he said democracy is the best system. we use it when we exhaust all the other possibilities, something like that anyway. talk to me about bank profits. bank of america and goldman sachs coming in today. very, very strong results. that is a pretty good start. >> what is impressive how flat the yield curve. people think yield curve is proxy for banks. they borrow short, lend long term. yield curve is flat, not as much money to be made. what they look in the markets are trading profits. trading profits across banking sector were not all that strong even though earnings were better. stuart: is this a good start for the whole financial sector? >> many people were looking for 17% increase in s&p, s&p

earnings growth and instead over the last couple of months they have cut it down to 11%. so expectations are low. it is one of these things where low expectations easier to beat them. stuart: yet, because if you beat them, you beat expectations. the stocks go up. to summarize, you see this movement up continuing. 2700 on the s&p. it is at 2600 now. the dow is at 24,000. where is that going? >> i don't really look at dow so closely. probably another 2 or 3%. stuart: on top of where we are now? >> top of where we are now. stuart: get back to 25,000. >> something like that, probably because the market knows the fed will not raise rates in march. meeting at end of this month. they will drive home the point. stuart: stay in stocks is your message? >> stay in stocks. stuart: got it. marc, thank you very much for joining us. we appreciate it. see you again soon. >> thank you. stuart: streaming companies like netflix, they are doing well in the markets. our next guest says there is a connection between streaming

companies and driverless cars, autonomous cars. john meyer is with us again, partner at transpire ventures, he is our tech guy. what is the connection between streaming companies, streaming services, netflix, and driverless cars? >> so the connection between streaming services, i would say netflix is a huge one and driverless cars, is the fact that in the next three years, in my opinion as with media companies as they look at the industry the living room as that has been the focus of many media companies, you know, the new living room will become your car, and that is because if you look at the stats, americans, in 2015, drove about 2 1/2 trillion miles. that's a little under an hour a day for every american on average. and so if you put yourself in the world where in three years

the vast majority of americans are using self-driving car technology, let's say run by google's waymo division where it is as simple as tapping a button on an app, having a car show up in minutes, that is safer and cheaper than anything else, where you don't have to focus on driving, what else are you going to be doing in this vehicle other than looking at your phone or watching content, et cetera? stuart: i take your point but do you really think that driverless cars will just take over within three years? i can't see that honestly. >> i love the point and this is something that i am trying hard right now to bring more attention to because if you look at arizona, for example, where waymo, google's self-driving car division just launched uber competitor, it is app based service, you push a button, a car shows up.

obviously we know they're doing it with no driver. it was legalized in parts of california to do this with no driver, even in the driver's seat, just for google alone. and so, if you look at stats as well, you realize 10 million miles have been driven by google's autonomous car with no accident. so i think we are very imminently going to see a pretty significant transition. the reason it will be quick, contrary to most people's beliefs is that when you think about what is coming with self-driving car tech, in my opinion we'll enter an era of very little car ownership because of how easy and cheap it will be to request one of these from, let's say google's uber competitor. it will show up to your door within minutes, probably even free due to media that will be shown in these cars where obviously there will be

interactive ads, you know, in the actual vehicles where there is a screen, say you're watching netflix. so, there will probably be a low-budget version of this stuff that is either pennies or almost zero dollars, that is funded by ad revenue with screens in the car that are coming from content in services like netflix. stuart: vision 1/2, never thought of it in those terms. that is absolutely fascinating. my only quibble, well, i got two, i think advent of driverless cars will not be in two or three years. it might be in five to 10 years and number two, i'm not sure that there is going to be that many people who reject driving and owning and go for the driverless, non-ownership option. that is my only two quibbles with you. i give you the last word. >> i appreciate it. you know i think my perspective is that, you know, most average

americans, i think the stat is nowadays, 72% of americans living paycheck to paycheck. the economics will determine when it is happening google self-driving division, will be statistically safer than own aring a car, paying a taxi of the these things are out on the road as i mentioned before. when i go out to palo alto, california, loon on the road. they are all over the place. stuart: come to new york city. not see any in new york city, tell you that right now. john, i find it fascinating, we really appreciate you being great guest on the show. that is visionary thinking and we like it. how about this one. apple, instead of buying a new iphone, a lot of people are replacing the battery. that is hurting the bottom line, i guess? kristina: $29. people complained about so much

about their phones dying. 29 bucks to change your battery. right nowp apple reportedly replaced 11 million iphone batteries, 11 million. that is 10 times more than what they were originally expecting it. when people replace the battery, they don't buy a new phone. ceo tim cook said that the iphone replacement batteries could be a reason why we saw a little bit of a downturn in iphone sales. you know in the fourth quarter we talked about a possible shipment miss. you saw all kinds of reaction in december, all over the suppliers, the tech sector. let's blame batteries. nonetheless the program is not going on anymore. 29 bucks. stuart: not going on anymore? kristina: what i'm seeing a certain time frame. only newer iphones, above the iphone 6. stuart: fascinating. kristina: through december 31st. i'm not sure if they renewed it for this year yet. stuart: got it. thank you very much, kristina.

next hour president trump meets with the members of the congressional problem solvers caucus. the meeting is at the white house. will the democrats show up this time? that is a pretty good question. we'll find out for you. politics in america, very different from britain. could we benefit by having a sharp-edged political debate like you see on the floor of the houses of parliament in britain? martha maccallum on that subject coming up just a moment from now. ♪

♪ kristina: the government shutdown is nearly four weeks old now and shows no signs of being resolved but senator mike rounds told us last hour that it is time to compromise. listen in. >> the next step, i believe, is for our colleagues on the other side of the aisle to at least recognize as the president his point of view has to be considered and that means that the speaker of the house at this time can't simply say, whatever it is you want you do not get. the fact that he wants to do a barrier of some sort i think should be honored. we have got barriers there now. but i think the speaker has to recognize, if she wants to move forward, there has to be some compromise, not just simply a message to the president that he gets absolutely nothing. ♪

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one convenient plan. from humana, a company with over 30 years of medicare experience. and, if you have medicare and medicaid, a humana plan may give you extra benefits - like dental, vision and hearing aid coverage. an allowance for over-the-counter healthcare products. even home delivered meals after an in-patient hospital stay. so if you have medicare and medicaid, call a licensed humana sales agent now to request this free guide. and learn about plans that could give you more benefits. call now. stuart: we're still up but nowhere near as up as we were before. we have 86-point gain. half an hour ago we were up well over 140, 150 points. up 80. still at 24,100 level. now this, the debate over brexit and the standoff over the

wall here, there and here, really shows the differences in the political styles of our two countries. look at how they were debating brexit in parliament. roll that tape. >> former brexit secretary, that is one of the former brexit secretaryies promised a detailed, precise, and substantive document. the government spectacularly failed to deliver it. >> people, particular citizens made their home there, sit british citizens living in the eu deserve clarity on these questions. [shouting] order. order. there will be other opportunity for points of order, the prom must and will be heard. the prime minister. stuart: i loved it. martha maccallum is with us. she is the host of "the story" with martha maccallum. i put it to you, martha, i love

that stuff. >> i love it too. i watch question hour for fun. i think it is great. stuart: wouldn't fly here, would it? >> oh, come on. this is outward expression, right, i mean, many politicians hide behind twitter but the the discussion is equally as vociferious. stuart: martha maccallum have you seen a debate on the floor of the united states senate which was anything like that? >> that is interesting because you think british it can ture is more proper, manner-filled, but our in the united states congressional practice is more along those lines. behind the scenes it is just as ugly as what you're seeing on that floor and i in a way think it is better to have it out in public. i love the booing, stomping all of it. we should have it out in public. one of the big differences in what we're seeing with brexit, they're arguing over all of this, but they're under the puppet strings of the eu they

can fight all they want. they represent their districts but in the end they have very little control over their own government it appears. stuart: would you believe when i was student in london, at college in london, i used to take dates to prime minister's question time. >> i think that is fantastic idea. stuart: it was free. >> it was free. was there dinner involved? stuart: you come out of the pub at 11:00 at night in the back of the day. >> i thought it was fascinating. wish they still wore the wigs. stuart: judges do. >> that is true the judges do. i would argue that the debate and the political rancor is equally as hot here, if not more so. stuart: no, you're wrong. totally wrong. it may be, maybe you got this rancorous debate behind closed doors, you don't see it. the public is never presented with sides like that. >> what about twitter? stuart: twitter? that is hardly debating form mat. >> the president appears to think it is. that is where he gets out the kind of feeling you're seeing on

the floor. stuart: there is no backwards and forwards. >> i think this is better. i think this is better. i would love to see the president walk into that kind of environment in congress and have it out. stuart: oh, yes. >> look at this. nancy pelosi doesn't want him to show up for the state of the union. stuart: how many senators stand up on the floor of the united states senate, take kind of not abuse, kind of verbal hostility you get in britain? very few. >> it is all happening, but i think it is happening behind closed doors. the politics in washington are as cutthroat as it comes. what goes on behind closed doors between factions on the hill is as bitter and cutthroat to be sure as what you're saying. stuart: martha, march that -- >> it is not out in the open, i agree with you you about what is happening is probably worse. stuart: your show goes on 7:00 at night on fox news channel, a fine show, wouldn't you love to say, ladies and gentlemen, watch this, intense debate on the floor the united states. >> instead we look at full screen with angry tweet coming

at this congressman or dissing that congressman or mitt romney going after the president, right? only place we do occasionally see it is in the debates. stuart: that's right. >> which is fantastic. stuart: tonight you go on the air at 7:00. you will be able to see the no confidence vote. it will take place around 2:00 our time this afternoon. you will be able to run the highlights. >> we will. stuart: yes, you will. >> i'm fascinated to see what happens. i think that britain needs to, you're in favor of brexit. stuart: i am, definitely, yes. >> i know as outside observer i can state my opinion i absolutely agree with you. i think that is what they need to do. stuart: you're wrong on public debates but you're right on brexit. >> you are right, stuart, it is all happening. you know it is happening. not happening in the same format. stuart: hard break coming up. martha, thank you very much indeed. >> i want to keep fighting. [laughter] order. >> order. stuart: proctor & gamble, still feeling heat over that gillette

ad targeting toxic masculinity. we have a guest coming up who is fired up about it, another example after liberal pr department, insulting half of america, ignorant of the facts. strong stuff. sounds like a fight to me, . which i used to offer health insurance to my employees. what's in your wallet?

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stuart: this will be interesting. our next guest is a foreign policy guy. we usually talk about north korea, china, something like that. he came to us, he is fired about the ad on the screen there, the gillette ad about toxic masculinity. christian whiton, former state department senior advisor with us now to talk about gillette. what is your problem with the shaving commercial? >> well, stuart, of course before i was foreign policy guy i was an mba guy. basically you have this problem with companies, i am a pr guy as well, companies allowing liberal pr departments to run amok. one thing benetton, a clothing company, appealing to cosmopolitan liberals ran highly politicized ads in the 1980 as. one was gruesome. depicted ronald reagan if he was dying for aids. that didn't do well for benetton. proctor & gamble, which owns gill lit, run as ad about toxic masculinity. delta, starbucks, flying key,

alienating half of america or more, needlessly weighing into politics. stuart: in your opinion, it is not based on politics of the commercial. it is based on the idea that any company would jump into a political controversy in the form of an ad, that is your problem? >> well its both. the commerce itself is nonsense is. decries something that doesn't really exist, whole over the top take-down of males in our society, but it is one thing if a company is going to be hurt by a policy is. if something coming out of washington, new health care law, new tax law will hurt a company's bottom line, hurt its employers, hurt its customers, that is one thing to weigh in, but to do so needlessly, jump in gratuitously, frankly cosmopolitan insularity affects much of corporate america. they are in the bubbles, talk about diversity and multiculturalism, fail to understand the points of view of over half of america. stuart: christian, that is, i was really surprised when you

came with this idea, because i just think of you as foreign policy and that's it. i didn't know you were an mba guy as well. you make a very valid point. why jump into a controversy when it is not necessarily going to do you any good. point taken. we'll take it from there. thanks very much indeed christian. we'll talk about north korea, kim jong-un, or something like that. okay? >> great, thanks, stuart. stuart: yeah, i, did you catch that? want to talk about the parliament debate as well. that is another good one. we'll do that. now this, i see similarities between the brexit debate and the border wall fight over here. voters approved both measures. politicians are not making either measure happen. my take on that is next.

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stuart: for those of us to remember the anglo-american alliance, margaret hatcher and ronald reagan, it seems like another anglo-american parallel is emerging now. no, there is no chorizo night and donald trump link appeared certainly not at this point. but both countries face the crisis. voters have made their wishes clear that politicians have been unable to make it happen. the brick devoted to get out of the european union. americans voted for a president for a man who would build a wall. again, neither is happening. the birds in the e.u. in the wall has not been built or funded your post on anti-spirit i don't know how either situation will work out, but i do know what i want to see. i want the expressed will of the people to be implemented. i want british laws to be written by british people.

if they stay in the e.u., continental europeans take that sovereignty. plus the breadth are locked into a socialist economic situation an open borders policy appeared not sustainable. leave, please. here at home i want border security appeared two years into the term presidency we don't have it appeared voters gave donald trump a windowing is always up front and center in the campaign. the political class is not delivered. i do see this as a failure of democracy. i see it as a failure of the political class and then had better change. if the birds can't get out and we can secure our border there will be to pay appeared the third hour of guardian company is about to begin. ♪ well, you heard my little rant there at the top of the hour. steve helton is with us. he's the former with david

cameron and host of the next revolution. all right, steve. voters, they're approved brexit voters here said they want a wall that politicians can't deliver. i see a parallel, do you? >> you're exactly right, stuart appeared take off your microphone and drop on the floor when i should just walk away because i agree so strongly with every single word in your teachers they are. absolutely nailed it. with brexit the problem is that people voted to lose that the politicians in parliament, the majority of them want to name and what they're doing although they dress it up in another language is overturned the vote. they're trying to soften the turn of leading country leaving the e.u. you don't get the independent sovereignty. the people of the british alike to their laws and regulations are people they can vote for or

against. instead they are read by bureaucrats in brussels or not elect it. this thing with the wall. one of the clearest promises of the 2016 campaign. who could've been in any doubt that is what the people voted for and yet the politicians don't want to see it happen. now, the way through this is not easy at all to see. in either situation. the parliamentary process is now going to take over on the cross party alliance is going to try and first of all delay the departure date and watered-down brexit appeared similarly here with the shutdown of looks like no one is blanking india feels as if you're going to end up with a messy compromise which will end up with the fundamental promise not being delivered and that's going to make people even more skeptical about politicians and democracy. >> to pay. politicians can deliver.

they're supposed to but they can appeared one more for you, steve. nike, i think you know about this. they've unveiled the new shoe concept called adapt. it is a speaker and a contractor data. i can't believe you're in favor of the spirit i'm not. i think it's big rather. >> it's unbelievable. everyday a new new example of these companies. in a totally blasé way saying it's fine we're going to track you. this is literally tracking everywhere you go in the shoes you're wearing. mobile to monitor where you go, what time of day. what they say is get the data is to help inform your fit this regime and all the rest but what else are they going to do? who else is going to see it? whatever guarantees they give, we know that you can't trust promises about data. it ends up out there for anyone

to use and see and people should be very worried about it. >> i'm going to be watching your show on the fox news channel sunday at 9:00. we seem to agree about a lot of things. i'm a natural born viewer of the next revolution, steve. see you soon. now this. as we speak, congresswoman maxine waters is laying out her agenda for the house financial services committee, which he now chairs. john lonski is with us, that is managing director and chief market economist. i don't know what she said, but it's going to be -- what did you say? what did he say? coming out soon. we'll find out what she's got to say shortly. i do apologize. i don't know what she's going to say. we'll find out soon. probably a pretty radical plan for cherry numbers committee.

will she have any impact on financial services? >> right away still decide to go ahead and deal with and trump can always go ahead and veto whatever legislation they passed if it injures the financial system. true to me she can make a lot of noise. >> she can scare people into believing eventually if these leftist democrats come to power in 2020 there could be changes made to the financial system that would be harmful to the u.s. economy. the financial system is becoming ever more important to the united states for the following reasons. over the next 10 years the number of americans 65 and older retiring, cashing in the 401(k), and nearly $2 million here, those less than 65 years of age growing by less than 500,000 people per year. this becomes increasingly important. more people watching your show

over time as they go ahead and want to find out what happens to their nest egg. train to but if right, i know you're right. 2 million more people. >> every year 65 and older. stuart: they start to cash in their 401(k)s getting into cash using that cash. >> they don't want the market to fall down. that's for sure. >> i want to switch subjects for switch subjects for a second and look at bank earnings in particular. bank of america and goldman sachs. they were stellar bank report. what does that tell you about the economy? >> they will perhaps help to some extent by the drop in issue rave. i was a positive development and going forward this is going to be beneficial. you rush up to something about 3% anytime soon. it's very good for the stock market. we learned our lesson that the

u.s. economy, world economy is not yet capable of shouldering a tenured treasure yield about 3%. stuart: thanks for joining us and thanks for boosting my audience in future years. you're all right. thank you indeed. the big board at the dow industrials still showing a triple digit gain. i want to get more of these bank earnings. specifically bank of america and goldman sachs. to me their profits look really stellar. 7% each for those two stocks. >> not to cover up the ball. both of these are golden and in the reason we see these out so high. bank of america as well. goldman sachs has a new ceo. this is his first earnings call as the io trying to revamp. they do have a little bit of overhead from trouble they got in malaysia. it obviously did not affect earnings this quarter. bank of america as well. but the conversation between you

and john lonski comments about the future. we have alexandria ocasio-cortez unlikely an unusually been put as a freshman and is very powerful house financial services committee. she has in the past called for big banks to be broken up. you see the stocks of 6% before investors it's about the future. all of these companies have to be more strategic. stuart: quickly can you deal with netflix they report their profits "after the bell." >> one of the things people talk about is the fact netflix has increased that they require from subscribers. some say they're resting on laurels a little bit. most analysts agree that the knockout. maybe people don't quit tomorrow because they're annoyed about the higher prices for prescriptions, but a lot say six months eight months, people will say i don't need that. stuart: i agree with that 100%. no way people are going to drop their netflix subscription because the cost goes up 1

dollar or $1.50 a month. not anytime. you're coming through with content as good as that. you don't drop it. >> one of the criticisms is there's a lot of it and no filtering users get a little bit indicated and there's other choices. amazon prime. stuart: they don't have netflix content. apple has a big cash and they are putting a lot of it into original programming. stars like opera. i'm just here for conversation. >> it's interesting. the tech company of the year. >> have done amazingly well. more on the shutdown and how it affects you. atlanta airport leave up to three hours to get through security. at the number of tsa agents calling out sick. that's a substantial number.

with the endgame? the shutdown is now creating a degree of travel chaos. nancy pelosi says president trump should delay the state of the union because of the government shutdown. she sent a letter saying just that to the president. the state of union message is scheduled for genera 29th. waiting for response from the white house to that letter. 20 minutes from now the president meets with the problem solver caucus. they keep asking, will the democrats show up? we're going to find out. stay with us. we're just getting started. so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all...

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stuart: news on the shutdown day 26. yes we are in tax filing season and get this, the irs is going to make sure you get your

refund. >> the trump administration is recalling 46,000 workers who work for the department of treasury otherwise known as irs as far as taxes go. they are taking him off for a list of these guys have to process tax returns but it's worth noting they will be working without pay until the shutdown is resolved. basically more government workers will come back to process all of our returns and they're not going to get paid in the meantime. stuart: they'll get paid when the shutdown ends. but they have to work now. >> obviously the trump administration wanted to avoid people looking for their refund for not being able to get them because there were no people the process. stuart: thank you. let's get to the home builder sentiment index brought you an hour ago. more positive feeling in the home sector. jerry howard, ceo of the national association of home builders. an improvement on positive sentiment. this is all about mortgage

rates. >> it absolutely is about interest rates. weird interest rate sensitive and mr. for the builders get a mouse. the backend mortgages keeping interest rates down. it's a major stud. we rose to point. stuart: you were with us in december. you were saying how worried you were at the 30 year fixed-rate mortgage could go back up to 5% or beyond. that was a problem. it's now a 4.5%. is that the benchmark for mortgage rates? >> the 30 year fixed mortgage is still the benchmark. a whole bunch of different options for people for what we measure the mortgage industry on is the 30 year fixed-rate mortgage. stuart: people still take it? i do because it looked a certainty. >> others feel the same way. stuart: sentiment in the northeast is the weakest. >> that's correct. >> people are concerned about the ability to deduct their state and local property taxes

which was taken away as part of tax reform. this is the first year people are working under that and a great deal of concern. particularly here in the northeast. >> why would you build an expensive new home in new jersey, new york, maybe even california. why build there when you know you were going to get hit with a whopping great big tax bill because of where you are. how much is it depressed all the positive feeling that house? >> it's depressed as part of the country significantly. i know there is great concern in new york state in new jersey that the richest of the rich, the taxpayers will leave the area and go somewhere else. >> have you got evidence of that? >> not get to the end of the year. >> fewer new homes built in high tax states? it looks that way from the sentiment. new york, new jersey, connecticut, illinois,

california. we wish you well and we hope you can get over this. i'm not sure i can. i live in new jersey. thank you very much. see you soon. take a look at the individual stocks moving today. cbs and wal-mart. prescription costs could drive wal-mart to split from caremark network. no more cbs and wal-mart? wal-mart has done a fraction, cbs up a fraction. walgreens and microsoft. they've announced a new partnership. this is microsoft trying to fend off amazon's health care push and microsoft is up 105 on the news. walgreens up as well. mexican people from border towns not happy about how the new caravan going through their country. lashing out at social media. you're not welcome. get out of here. after that, katie hill says

everyone is getting caught up on the word wall and says she's open to looking at other options for border security. we are talking to the former top guy advice about that. 10 minutes from now the president meets with the problem solver caucus. we'll have a live report from the white house about that. that is next. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions.

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train to the problem solver caucus meets with the president at the white house just a few minutes from now. come on in, and blake burman. democrat did not show to a similar meeting yesterday. are they going to show up today? >> we're told democrats are meeting with president trump here is part of this meeting over here at the white house 10 minutes from now. the problem solver caucus, group of moderate republicans and democrats with 50 members or so when you add it all appeared the democrats will be part of a meeting today after a handful of democrats chose not to meet with president trump yesterday. how many will meet with the president, which ones we do not have that list as of this

moment. the meeting starts momentarily so we should be getting it be present at some point soon. two major headlines out of washington today. the other be nancy pelosi, the house speaker has suggested the president hold off the state of the union address because of the shutdown for the end of the month. this is what she wrote to the president of little while ago in a letter singing sad they given the security concerns and unless government reopens this week i suggest we work together to determine another suitable date for the address or for you to consider delivering her state of union address in writing to the congress on january 29th. pelosi says the department of homeland security as part of one of the agencies that is affected by the government shutdown that is one of the reasons why this address should not have been. we have not yet heard from the white house as to how they will respond. stuart: i am sure you will soon. thank you very much.

the trade guy, robert plant has their says american companies will be able to request tariff exclusions on $200 billion worth of goods as they deal with china can be reached by march 2nd deadline. tell me more about this. >> essentially some importers. right now u.s. companies have no recourse. some importers are going to apply for these exclusions and were actually been told -- stuart: i'm sorry, i went to a earlier on this. i've to go to a break. roll the break in our database. >> yeah, we'll talk about it after. sorry, folks. sorry, sorry. ♪ jardiance asked:

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she also wants to go after predatory lenders, reform the credit reporting system and she's calling on republicans in congress to join the democrats in the shutdown. and in more headlines will bring it to you pronto. check the big word. not quite the high of the day but pretty close up 156 points, two thirds of 1%. as to the dow 30, two thirds in the green. congresswoman alexandria ocasio-cortez, she's been appointed to the house financial services committee and our next guest is not happy about it. david necklace with nicholas wealth management. why are you worried? what damage can she do to financial services? >> stuart, thanks for having me. wall street should be very concerned. before ocasio-cortez was elect to congress, or resume wish he was a bartender in a community organizer for bernie sanders

2016 campaign. where that gives her the expertise and intellect for the largest financial services committee. stuart: she's been a lack and she's been appointed to that committee now. >> granted all due respect is with her ideals i have issues with. she wants to tax financial and stock transactions to pay for free public college or the united states. where and not those wall street be required if individual investors, why should individual investors and retirees pay for public college for u.s. citizens? it just doesn't add up. when we think of wall street, we think a big tanks, but really there's 200,000 financial advisors in the u.s. many are small business owners like myself. we hire employees in the budget. every additional regulatory

rollbacks passed dramatically affect says. stuart: but look, whatever comes out of that committee has to get through the senate and the senate is run by republicans. it would also have to be a presidential veto. should make a lot of noise, raised a lot of issues, but i don't think she'll have any practical result on the road. >> that's a great point. it's more the optics. imagine ocasio-cortez subpoenaing some of the ceos of the largest banks, jpmorgan, citigroup, bank of america, have them come before congress and grow them on why they are not doing the job that she feels is the role of financial services. that's what i'm concerned about. it's a narrative that sends america down the wrong direction. >> you can hold hearings.

you can retail bank executives or insurance company executives and have a go at them and i could change public opinion. as the run-up to the 2020 election i see where you're coming from. that could be a real problem. the socialists, the last could gain a foothold and really exploit it. that's what's going to happen. last word to you. >> absolutely. i think as americans we've come a long way but we need to choose free markets, lower regulation. taxing business over 70% of their income is not to generate economic growth. i hope americans are smarter than what aoc is promoting. stuart: got it. thanks for joining us. we appreciate it. i want to get back to the story on trade. trade representative robert says lighthizer --

>> u.s. companies have no resource. any parts from china. on these products costing you an arm and a leg and it's hurting your business. so this is an idea or you can go and say listen, you're killing my business. i need to have these parts that i'm importing from china. i need to have been excluded from the sanctions list. stuart: that's an interesting development because it would minimize the pain currently being experienced. >> as we all know you and i are paying tariffs. are you a government not paying it. this is an idea to try to lessen that pain on businesses. stuart: i wonder if that had anything to do with the markets. as we've gone out. that is certainly helping in what we talked about earlier with financial. so much angst, volatility in the stock market since october and a lot of questions as to how is this going to affect their

biggest banks. bank of america, goldman sachs outperforming morgan stanley. we heard earlier in so far this is a pretty good reporting season. it's early, but it must be cited stronger than i think a lot of people were worried about. stuart: we are up 156 points and we will take it. the latest migrant caravan heading towards our border has swelled to over 2000 people now. however, listen to a california democrat woman katie hill had to say about border security. >> i just think it's the wrong conversation because there's so much we really are united on and it's about border security. as we can reframe the conversation and we see a lot of that talk around the edges including for the president to be about the barriers, what it looks like a something

different. stuart: that's an interesting take. tom homan, former acting i.c.e. director. the later scene -- lady seems to be saying drop the use of the word while and everything will be just fine. where you stand on that? >> it's ridiculous that's all the democrats have. the president has been clear its wall, barrier, what you want. a barrier double stop the flow of illegal drugs in this country. but the democratic leader can say, nancy pelosi, chuck schumer last night they all say the ineffective law. i want to know what they're basing that on because every place they built a border barrier 100% of the time has been a decrease in illegal immigration. most work are the data shows it. stop telling american people are having a problem with the term wall. let's protect america. stuart: that's interesting because president trump tweeted

about building walls in their effectiveness today. maybe we can get that up on the screen because he was adamant building walls all over the world. they absolutely work. i think he said 800 miles. 77 major significant walls being built. 45 countries to build them. each hundred miles built since 2015. they're recognized that close to 100% successful. the president joining this argument in making a forceful case here as he should. it's not getting through, is that? >> i worked on this issue for 34 years. this president can fix this issue. kicking the can down the road he has the right idea to secure the border. he's a great president, but the democrats are refraining him from doing it. he talked to men and women on the front line. he's been to the southern border numerous times.

they ask him what you think about the wall. when they rushed to the border to investigate border patrol, it's tragic how about rushing to the border and protecting this country. stuart: there are signs that mexico's new president is doing his best to stop that migrant caravan coming through mexico. people in mexico have been shouting at the caravan people. you don't belong here. we don't want you here. to me that is a sign that president trump is getting mexico on his side. it is a win. >> mexico as a sovereign company. the migrants transit in their country and trying to get to the united states. i hope mexico defends the southern border better than the last time. guatemala but all of these come into their country.

the first place he needs to pull his they're complicit allowing them that when they're coming to the united states. they're complicit are coming through guatemala. guatemala isn't doing the right thing. stuart: we hear you. we really do. thanks for being on the show. always appreciated. a couple of markets we check this time of day. bitcoin down. just shy of $1300 an ounce. $12.94 this morning. the price of oil $52 per barrel. 51-point indeed. we drew down two pints 6 million barrels out of storage. that's keeping the price around 52. gas prices virtually unchanged. 224 as the national average. new high for the day up 170

points right now. the market liked bad news on trade that american companies can ask for waivers on tariffs on chinese products so they can say -- >> it's about a third of the list. up 172 on the dow industrials. more on the shut down. jackson atlanta airport has warned travelers to leave up to three hours to get through security. the tsa says 99% get through in 30 minutes or less. what's the endgame here? were on it. the president meeting with members of the problem solvers caucus. any headlines you'll get them first. ♪

>> maria bartiromo sat down earlier with alex azar, talking about the inspections in order to protect the health and safety of americans. >> the fda, we have called that food inspectors to help ensure inspection of the highest product as well as their medical inspect yours and we are very

grateful for the individuals were coming back to work. we are working to mitigate any impact on the american people. we protect the health, safety and security of the united states. we are grateful to the employees of the fda and the health service were continuing to work in the important public health mission here.

stuart: no apparent end in sight of a shutdown. no signs of an imminent agreement. senator john homan from north dakota. senator come at some point the shut down has to end. what will force a compromise? >> trying to put forward ideas to do just that. we have to fund the remaining 25% of government and funding for a border wall or barrier fence, what you want to call it. we are putting forward ideas and trying to get them to engage and get it done. stuart: their common sense ideas. so why is it still dragging on? does it end when one side admits defeat that they are getting blamed so they better open up the government again, is that it? >> speaker pelosi says we can't get her to engage in get into a

negotiation. we have to have some funding to secure the border, took pencil while or barrier. were negotiating, trying to get them to engage and put forward creative ideas. though cassidy, fellow senator brought forward an idea and that would be we use the asset forfeiture fund when they did money or whatever from drug smugglers coming across, and maybe we use those funds to actually build the border wall. msn's mexico is paying for it. those are not appropriate funds. maybe a way to break through the impasse so we continue to work on those ideas to get to a resolution. >> that seems like a good idea. tsa putting pressure on the airports longer security lines. i really thought that would be sufficient to bring the two sides together.

when you've got trouble at the airport, everybody feels it, everybody knows that in the pressure is on. so far that hasn't worked. >> it would actually pay any workers and essential positions. he talked about fda earlier. making sure they're working and getting paid. for advancing a bill to do that. can we get democrats to engage? we are trying on these ideas and more to break through and get that done. stuart: could you pass a bill that says tsa workers are going to get paid. can you do that? >> we passed a bill everyone will get paid as soon as government reopens. they miss their paycheck on friday. stuart: had to pass on the senate that said it's done? >> would have to pass the house, both were working to see we can

get reported in the senate and administration to do it. >> they want to give money to the people on furlough i would've thought. >> you sure think so. >> i would've thought nancy pelosi would come to the table with chuck schumer. so far they really haven't. >> right now they seem to like to fight more than a resolution. look, this is common sense stuff. finding border security is common sense. democrats have voted for it before. they have voted for a border wall before. stuart: got it. thanks for joining us. stuart: stocks have got to check. sears a lifeline that $5 billion it is going to keep around 425 sears stores open. forgetting some detail on the global redesign shifting their

focus to electric car models. that is not helping the stock down another 4%. united continental, big winner. higher profits, new flight paying off in revenue per mile of 5%. that's a key metric. stocks up 6%. new averages just announced they will develop and distribute cbd beverages. that's the chemical found in marijuana. it doesn't get you high. they're partnering with bob marley's family business. could cbd be the new way? it's a question to ask and will ask it. ♪

stuart: special guest, interesting guy. the ceo of new age beverages. his company has just announced their license and style molly as then bob marley cbd infused beverages. brent willis is back. welcome back, young man. >> and that they could use some

of that when she say? >> you are talking about cbd. the chemical in marijuana which doesn't get you high. but it will relax you. >> we could use relaxation. >> you just relax and chill out. >> it is non-psychotropic and that's one of the reasons it's one of the most popular and exciting ingredients in beverages and food worldwide. >> this is interesting. >> our product we call it mellow mood. it is very mellow mood, but it's chamomile, passion flower, all these great ingredients that support this relaxation, but it tastes like a single blended kind of tea. >> in a standard 12-ounce drink, is the dose really quantifiable to how much cbd you get in

12 ounces. >> is the kind of cbd they use. there's full spectrum are brought for them. consumers want the entourage of fact which gives them the relaxation. we put in 25 milligrams. stuart: you're talking about a buzz. >> it is relaxation it kind of malice you out. so this is nothing like thc. for the fda to comply with regulations, which we absolutely applaud. it has to be 0.3% thc or less. this just relaxes you. stuart: have you got any one of these products infused beverage on the market yet? >> we just launched it three days ago. you can find it small places but it's only legal in washington,

oregon, colorado and now michigan. to comply with the interstate regulations. there will eventually be in all 50 states. if you want to go to japan. stuart: fourth largest beverage company in the world. we are the fastest-growing in the world. >> it's not success. but it is hitting the interim milestone. stuart: are you kidding? >> success is when you crush the coconuts of these competitors selling diabetes in a can. and success is making a difference for consumers with healthy alternatives. we are about don't worry be happy beverages. we're excited about it.

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nice gain, up 120 points for the dow jones industrial average. that is exactly one-half of 1%. look at the that level, 24,186. not bad. been great year. >> thank goldman for part of that. stuart: my time is up. neil, it is yours. neil: i have image of you hacking into a tesla. what's wrong with this thing. thank you for that. we're following nancy pelosi telling the president of the united states you might want to reschedule the state of the union. don't poo-poo. technically for president to get address from the congress, he has to get permission from the speaker. the speaker traditionally invites the president of the united states. it might all be perfunctory or parliamentary theater. the fact that the speaker speaks before congress. no guarranty it has to be delivered in person. actually not all that long ago, where presidents would just give