both ladies do it again tomorrow. great to see you. >> yes, ma'am. stay warm. dagen mcdowell lindsay thanks so much for joining us that will do it for us live this morning see you again tomorrow with a big list of who is who in terms of interviews join us "varney & company" begins right now. take it away. >> good morning to you and good morning even. day 32 of the shutdown. the democrats won't budge. they've rejected the wall in exchange for dreamers teal, and this morning the president tweeted that he's not going to cave either. as of now, no wall, no funding, no government. news from china seems to be upsetting the market own its return from a three-day trading break. china's economy has slowed quite dramatically, in fact, much of the world is slowing down. the china trade fight is getting much of the blame. having some impact on stockses bear in mind 2019 has been a solid year so far with dow reaching 24,700 last friday it will be down what, 150 points at the open this tuesday morning.

and then, there is xangd alexandria cortez says the world is going to end in 12 years unless we address climate change. and she says there's society that allows billionaires is immoral i wonder what multibillionaire mike bloomberg says about that as he considers run for the democrat presidential nomination. democrat sharp turn to left was evident over weekend and great to be back, though, "varney & company" is about to begin. ♪ >> news this morning, twitter suspends the account that helped the catholic incident go viral. take me through it, ash. >> listen this account if you take into just a short clip as we see here, it is misleading, and this was retweeted two and a

half million times a sneering young lad with a mega hat on, sharing into the face of a tribal leader. but if you look at the a video in its entirety going back, number of minutes maybe an hour's worth you'll see a different story here it wasn't just a bunch of kids that were taunting native americans at all. the question is, though, what account started this whole thing they're trying to get to the bottom it have but they could be in overseas account that was used to manipulate so as a result twitter said we're suspending account because we can't truly who is behind it. but media jumped up it shall cnn in or particular jumped right on it. i'm waiting to hear him retract their very negative comment. shows you power how these things can take off and you don't know whole story. >> what would have happened to young people if we didn't have the full video tape of the full account of what happened. >> it would have been absolutely vilified. by the way that catholic school is closed today. yeah they just announced it

they're closing it today. all right let's get become to your money, stock futures this morning pointing south. beginning to be down what 150, 160 points for the dow 50 odd point for the nays tack we've got two big names you know reporting profits early today. dow components johnson & johnson travelers first off, johnson and johnson not such a rosy are forecast the stock is taking it on the chin is down 2% quite a drop. higher profits are travelers, a fractional gain there for that stock. now, stock futures are underpressure this morning as we showed you because of concern about global growth come on in brad with the commonwealth financial network. if the rest of the world is slowing down, and i know we're slowing down just a little bit as well. are we america, are we only game in town? >> when you look at china for example yes they're slowing down. but they're actually growing at a healthy rate, and a big part of that slowdown is because of

the trade conflict. that first of all givers them incentive to settle second of all it say once we get in agreement they're likely to bounceback so growth is not over yet in my opinion. >> so you're not negative about america's stock markets are you positivesome do we go up from here? i know it is last friday -- last trading day we closed at 24,700 that's a pretty good bounce so far this year. will it continue? >> yes, it is, and i think it will l. that's not to say we won't see additional pullback but we'll see those but when you look at the earnings xpgs they're beaten down so far that companies are very likely to outperform this year. when you look at valuations we're close to cheapest level of the past five or six years. so there's some real tail winds building up for the market. >> repeat that. if you look at evaluations -- the value of a company you're saying that our company, american companies are cheapest level in four or five years? how is that possible with the

dow at 24,700? >> well, yes we've seen very substantial appreciation over the past five or six years. but we've also seen earnings go up substantially particularly last year. so when you look at what companies are expected to earn over the next 12 months and you look at the multiple of where stock priceses are, we're at about right now 14 maybe 14 and a half. and that's pretty close to the cheapest we've seen since about 2014. so if you look at recent history, stocks are actually fairly cheap. >> what happens to the stock market if a, we get the end of the government shutdown? and b, far more importantly we get some kind of deal with china? >> i think those are exactly the two questions we need to ask stuart. and thing is right now, the market is pricing in a shutdown that doesn't seem to have an ending we don't know how this ends we're pricing in trade war that again we don't see how it ends and there's a lot of uncertainty there there's a lot

of worry. if both of those resolve and resolve positively, again, headwinds to tail winds. >> you know brad you're an interviewer's dream because -- you speak in soundbites. you have the ability to say three sentences neatly and capture what you have to say. that's you should be in broadcasting. you really should. brad thanks for joining us with your clarity we like it. great to be back. thank you, sir. see you later. >> that you think, stuart. there's congresswoman alexandria cortez making a bold prediction about climate change. watch this. >> millennials and people, you know -- all a of the folks that come after us are looking up and we're like -- the world is beginning to end in is 12 years we don't address climate change. 12 years joining us now jason -- do you think that america -- that millennials will buy that message the end of the world is nigh unless we do something about climate change?

inch well they just got rid of plastic straws i thought that was going to solve world problems. but 12 years away from the end of the earth? look she's now in a position to introduce bills that will get us off this trajectory are. it will be fascinating to see what she does. but this is an important voice in the democratic party. she's the the future of the democratic party that's what their leaders say, and she is lurching further and further to the left a radical agenda i think most in america don't understand. >>okay you've dealt with this nw deal request this congresswoman alexandria cortez talking about billionaires. watch this had. >> but i do think that system that allows billionaires to exist -- when there are parts of alabama where people are still getting ringworm because they don't have access to public health is -- wrong. >> what? ringworm in alabama? so we've got a --

take billionaires what, what on effort is going on here, jason? look that is collapse warfare exploiting people. she should be taking an awful lot of heat for idea that these are the people of alabama who get ringworm that is absolutely ridiculous. it is derogatory, and it is -- it is just fund mentally wrong in every step but this is what they believe and a class warfare it is division and destructive. and she doesn't even believe that billionaires should exist at the redistribution of wealth is what she wants to see happen here. >> she seems to be leading democrat party less than ab month in congress but does she really have leadership position which she seems to have? >> look, i think you're going to see every presidential candidate come an kiss her ring try to get her. but the left has continued to go

further and further to the left. it is why the president isn't even able to meet with nancy pelosi. won't even take a meeting with the president to try to solve some basic problems. thingses that democrats just supported just literally a few years ago. it has because of this movement, this resistance movement that is lurching to the left. >> well, you ought to get back into politics jason because there's a lot of red meat for you to go at right there but i don't think you can be tempting to go back can you? frepgdz don't let friends run for congress i don't know what that means to me but i appreciate are the gesture. [laughter] stuart i guess. we will see you again very soon on television and that's a fact. see you jason thanks. >> then we have facebook, maybe fine largest amount ever by the federal government. suzanne tell me more. >> so we have an investigation jurpgd way by federal trade commission ftc at this point looking to possibly impose a record-breaking fine against facebook and this goes about

back to the cambridge analytica scandal from last year where they exposed data of 85 million users without their permission so the ftc right now is investigating whether or not they broke this consent decree and this contract with their users. when they talk about record-breaking fines, you know, it might not be much because we have google being fine had had 22.5 million in 2012. not a huge sum. however, compare that to volkswagen which was fined over 14 billion dollars. when they, of course, cheated those emission tests. >> that's serious money. but it shall facebook employees still very much approve of disuk orburg is there a poll or something? >> so blinked they surveyed 8,000 facebook employees only 850 got back to blind. of those 850, 122 say no but seems like he has confidence of the employeeses that have been surveyed i would say in a -- small survey because you know facebook has tens of thousands of employees. so do 830 really represent the

majority in this case having said that, mark zuckerberg he can't be kicked out with a supermajority when it comes to dual voting shares right and no way he's leaving. >> hag hanging around 149 suzanne thank you check the futures down about about 160 when this market opens up this tuesday morning. cannabis stock ises these things have been all over the news lately. we've been asking the question, can you make money off them? here's another thing to consider. is it moral to invest in marijuana? now dr barton frequent getion on the show devote christian digging into this one for us he's coming up later this hour on this program on that subject. in other news huawei chief warning about hard times for his company. he says layoffs could be coming huawei has been at center of the trade are dispute with china, they are china's biggest tech company and they've been accuse making technology that lets the chinese government spy on other nations it is a big deal. day 32 of the shutdown president

trump offered democrats deal from the wall get protection for dreamers they rejected it. no end in sight for the longest shutdown in our history. more varney after this. you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

>> aluminum producer that stock is sliding to the tune of 18%, why, well company says it is no longer pursuing a sale down it goes 18%. president trump made an offer to democrats in the afternoon to end the shutdown and democrats said no. join us us john spicer former white house press secretary all right shawn good morning to you. good morning stuart this this seems to put the blame for the shutdown and look in my opinion squarely on the shoulders of nancy pelosi. if you won't negotiate you won't do a counteroffer it is your fault that thingses are still closed. do you see it my way? >> i do actually. not surprisingly.

i think at a some point you can't talk about your concern for federal workers and desire to reopen the government and dismiss the president's offer. before he even finishes speaking. i think the president clearly made an effort to show that he was willing to bend a little bit to give in some of the priorities that they've expressed a lot of -- concern or for in the past. and frankly this whole discussion is somewhat silly because you know jason pointed this out earlier, but this is what the president is proposing in the first place is stuff that most democrats have supported since day one only one trump supported them that they somehow found immorally objectionable but fact of the matter is we are where we are and president made a good faith effort on saturday and democrats continue to say no. the interesting thing is what are tsa workers and coast guard men and women going to say that other federal employee and contractors when they go out with a paycheck again and say

that democrats haven't tried to find common grouped at all with the president. he's at least trying. >> it seem like this could go on for much longer democrats will not budge, will not negotiate then how does it ?end i don't see how it ends actually. >> you're absolutely right most the shutdowns are policy oriented in the sense that you know, you want ten, i want one. i say two, you say eight we come together around 5 about/5 and call it a day. this shutdown is truly unique and sense that it is a political standoff like i've never seen before i don't ho you get to yes any point soon and i can see this drag on for at least another month. >> let me interrupt you for a second i can see it ending when moment when a lot of polls start to say that democrats are to blame. that point, it's over. that's right i think what you see senate agreed to take up the

president proposal this week, and what's going to happen is it will be interesting to see if some of the so-called moderate democrats that joe mansion types agree to work who have expressed at least openness to hearing president proposal if they can actually crack some of the it shall some of the e resistance in the senate and send it over to the house, i think that you might see exactly what you're talking to. talking about about is erosion in polls of a democratic base saying we're not for it for the entire what the president is asking for. but we've got to come it a compromise, and then pelosi wases crown but i think what happens in the senate over next couple of days will truly be -- telling as far as where we're headed. >> yeah we'll watch that vote john spicer thank you very much indeed stay in the sun i don't know where you are at the moment sunny in the background there. in new york. >> in virginia baby -- [laughter] >> monte carlo -- [laughter] welcome to the show -- we'll see you again soon. well that's the washington monument in the background.

sorry -- >> so glamorous. you bet. [laughter] french regulators slaying google with a -- pretty big fine. what was it? >> at least it wasn't the eiffel tower. but so france comes into this because french regulators have slapped so 57 million dollar fine on google because this goes become to the privacy laws and use of data so french alleged that alphabet or goggle has broken the european privacy laws by not going far enough and getting enough valid user or consent to gather data for their targeted advertising. but if you think about it, if france is doing this individually outside of the e.u. ireland is looking at it as well germany and this has on top of the dpr from the european union there are 28 countries in europe right as far as the eu right now. if one each of them individually find alphabet and google how much is that going to cost? >> good question.

paid 5 billion dollars by the way already -- that's right. but that was for antitrust. >> uh-huh. futures show a loss for the the dow at the opening bell ten minutes from thousand. of roughly 150 points. now, very interesting story. a nightmare trip 206 united airlines passenger stranded for 12 hours on freezing cold runway in canada. i bet you can't wait for that story we've got it for you, after this. - in a crossfit gym, we're really engaged

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we have to tell you about about a travel nightmare briefly passengers grounded for 12 hours on the united airlines plane going from newark to hong kong. united investigating but ash you take me through it shall >> flight 17 to hong kong takes off and then a passenger develops a medical problem. say -- say okay they keep going and problem becomes worse. they realize they have to land they end in new up in outback canadian landing strips only option otherwise you have nothing. so they land. they get the passenger off who is sick. so it's so cold that the door freeze they can't close or door again on the plane that was

mechanical issue so they're stuck but they're on foreign territory right now there's no cuss tomb there and early in the morning and no one at this fairfield no one to process custom so they're literally stuck on plane so now united it was a boeing 777 -- triple 7, biggest plane that united has they've got to get another one there to get passengers general board don't forget snowstorms in midwest and nos at the time so that complicated matters they were essentially stuck nowhere to go. they eventually go to what was it tim hortonen canadian dunkin' donuts bring supplies in and so bad at one point they encourage passengers gave out e-mail of the united ceo oscar -- went online said here's his e-mail give him e-mail right now. a lot of people e-mailed him eventually because they got a plane in, got everybody off and moved on. but what an absolute nightmare. >> might their is only word for it. >> seem to be these one a week. [laughter] >> flight nightmare market opens

in four minutes down 170 or for the dow roughly two-thirds of one percent a similar loss three quarters of one percent for nasdaq stay there please we'll take you to wall street in a moment. this is stonington, maine, a town where almost half the population is self-employed. lobster fisherman is the lifeblood of this town. by 2030, half of america may take after stonington, self-employed and without employer benefits. we haven't had any sort of benefit plans and we're trying to figure that out now. if i had had a little advice back then, i'd be in a different boat today, for sure. plan your financial life with prudential. bring your challenges.

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for martin luther king day last time the market was open was friday, and that afternoon the dow closed at 24,700. a nice gain that day. a pretty good year so far. all right, we're off we're running first time in three day as you see there we're up 330 last friday. this tuesday morning, we're already down what, 130 points that's at the moment that's down half percentage point. not all a of the dow 30 have opened but we are on the downside. how about the s&p 500? how's that doing? it is down same amount about about half percentage point that's 16 point. and nasdaq always a point for technology. down the the same amount two-thirds of one percent. two dow component have already reported their profits first thing this morning. j&j and travelers, both are down. but that same amount actually two buck for j&j two for travelers one and a half percent a piece. where are they this tuesday

morning they're all down. apple 156 amazon 1679 facebook 149 alfa bet 1,093 and microsoft at 106. mike murphy dr barr tops stocks under pressure today in part because rest of the world and america to some degree slowing down economically. so -- mike murphy is america the only game in town or best game in town? >> for sure so more we get negative reports that out of europe out of asia i think it shows how our economy is so resilient and strong i don't see a big slowdown out there right now. i think 2019 i think there's a lot of talk about a slowdown but let's see it first for america i think we're doing much better than anywhere else and i think we could surprise to the upside this year. >> best game in town only game in town america what do you say? >> very similar to what we saw a couple of years ago when europe

was trailing off. china had that big remember 5 a% down and like 6, l 8 weeks in stock market u.s. held resilient and brought rest of the globe back up with it i think we have a possibility that we'll at least hang on to 2019 and might turn things around for the rest of the globe. >> okay. facebook they could face well hay do face the largest amount ever fine that is largest fine ever from the federal government. now, the stock is holding at 149. you still in it? >> i'm still in and got back in it and got out when i was going down i waited for a nice turn and back in at a good price down in low of december stuart but big thing here is that this is just -- this is all preliminary stuff and come to fruition but still down the road in materials of what they do in this series of fines. yes they're still? discussion -- >> so you're not buying anymore. not buying anymore right now i like the run you have so far this year. >> dr mike murphy --

on my left right here. [laughter] you've got out of facebook didn't you? >> a long time investment investor i thought it could go it a trillion dollars that didn't happen. but inner workings of the company, the management of the company, the way they manage a company is their company so they can manage but i don't to be investor. >> mike murphy you said it was going to from a trillion but not so you got out you still made a profit. >> did well. [laughter] >> big smile please. french regulators have slapped google with a 57 million fine. we always say that the europeans just regard american tech is just a piggy bank i think they have a point, though. >> biggest complaingt was to try to protect and rgt taying ads they made it too hard for you almost impossible to figure out how to do that . that's where the fine kale from and they could have fined them 4% of annual turnover a four

billion dollar fine. but to suzanne point earlier this is just the french and many others in there to say same thing at least these add up. >> ire land and considering it as well. >> each one could find google in violation of gdpr. tens of millions maybe hundreds of millions dollars that would add up. i'm sorry i have a stropping feeling about big brother. i don't like that feeling -- ahead of the u.s. and they are, and for sure. but those fines in the overall picture aren't going to have any impact on google at this level. but i think more importantly you talk about big brother stuart if you're using phone and you're using computer and using internet people are going to have information about about you. they're going to i'm not saying it is right or wrong but just a fact. >> how they use that information and who they sell it to and what who it is sold to that's my problem there. okay. we are four and a half minute into minday and trading session and about it is down 168 roughly

two-thirds of percent individual stocks here we go stanley black and dekker or they lost money down nearly ouch 13%. halliburton flat sales energy xan, flat sales and it is down 2.5. the price of oil is down this tuesday morning. i think we're back to well -- down a buck that puts us back at 52 dollars a barrel. and price of gasoline has started to go up about just a fraction -- the national -- [laughter] i know i hate it. pennies, pennies 225 is your are national average for regular. now, something a little different here. dr, he's been questioning i've questioned him about this the morality of investing in cannabis part stocks. what would you invest in pot stocks? >> i'm not going to bury lead state court but give you same answer when you gave me my pop quiz and yes i believe it is moral to invest in pot stocks. i believe that the way that pot

stocks will handle themselves going forward will tell whether or not you want to invest in individual pot stocks. i believe that the use of regular rational marijuana is a different question and is outside of this legality issue. i think that in that case, that if someone is doing something just to become intoxicated. just to get high, i prnlly don't believe that's the the way i want to handle my affairs. >> but you don't mind investing in company which gets that person high. >> i don't mind investing in the company that's producing products that do other good things as opposed to other stocks like tobacco or alcohol don't have those advantages. >> wouldn't invest in tobacco or alcohol? >> i have a -- i have a individual stocks there that i don't like the way they handle ad their affairs and run companies. i do not have a no investing in casinos alcohol or tobacco prohibition. i do invest in those companies. >> i can't imagine mike murphy

having that -- >> here's the thing i think if you want to invest to make money you can go in whether alcohol or tobacco or gambling there's no -- i have no problem with any of those things problem is when they're abused so that's more on individual the company themselves. have no problem with. >> got it moving on. nbc says it may eventually pull the office a off netflix. they want to use it for their own streaming service. now could that be the beginning because netflix runs a lot of stuff from other companies which will be starting -- >> pulling off of their material as well so yeah we have nbc universal starting their own streaming service -- they will charge those if you don't have nbc account they'll charge like a monthly fee similar to netflix as well. producing its own stuff. they have 14 oscar nodgeses this morning including best picture for the very first time. >> i think they're building out portfolio with individual movies but also series to combat this

exact thing. parks and reck office a couple of their biggest -- biggest viewership numbers right now. coming from there. we're going to have these battles and i wouldn't want to be ones taking on netflix. >> buy at 335? >> i wouldn't buy it here based on evaluation but overall amazon and apple and nbc, and all of the disney all a of the companies coming of a them i think they gave netflix too much of a head start because how many online streaming companies are you going to pay for five or six? most people have netflix i'm going to keep netflix. >> i'm the guy it shall you're the the guy who got rid of it. i canceled netflix. you're one -- [laughter] you're the one. okay. there's an article in wall street journal and it says j.c. penney is struggling to avoid same fate as sears are they gone? >> they have a very different situation than sears and sears burning money and hemorrhaging

cash. jc fenny has cash flow. they have in the most recent quarter 450 million dollars of operating cash flow. they've had free cash flow the last three years. they are in trouble. they're not in trouble in the same way sears is. they're going to have to do some reorganization, this is probably the lastaround chance they're going to get to recover from a if 416 million dollar stock. back to anything that looked like what they were before. >> got it. apple teaming up with johnson and johnson they're going study whether apple watch can be used to diagnose the increase risk of a stroke, for example. what do you say that sounds like a pretty good thing. being useful. no innovation at apple that seems innovative i think it is great and there's more and more of that. people when people say there's no innovation they're talking specifically about iphone there's plenty of innovation going on at apple this could be game changer. do you think apple watch could be the health -- monitor?

everybody -- >> absolutely keeping check on all kinds of things? and alertses that doctor that -- a way forward for apple? >> i do, and i think it is a tremendous service tremendous thing. >> so you've got one. >> apple watch doesn't tell me if i'm having a stroke. [laughter] >> j&j today johnson and johnson beat but concern about talc powder weigh on stock is and how many of those get paid out given the hundreds of millions of or dollars that have already been allocated in part because of blame target at j&j. >> problem raises its head and is taking j&j down this morning even though they have pretty good results. >> they did beat expectations so to speak and 9:40 you know what had that means dr. gentlemen thank you for joining us appreciate it. by the way dow not -- low of the day, now we're down 140 just over a half percentage point on the downside. 24,560 is where the dow is right now.

all right, what do we got coming up for you i will tell you good news for coffee lovers who don't want to leave their house starbucks expanding its service to five cities we'll tell you where. >> but it is warm. that's the big deal. >> i want it mcdonald's hot. [laughter] scalding shouldn't have said that. day 32 of the shutdown with the latest deal so here's the is the president willing to give a little more in order to get any kind of deal? life of the white house top of the next hour. great news, liberty mutual customizes-

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we're coming back a bit we're down 140 point now but level is 24,a 63. take a look at ebay, two

activist investment firms that star board and elliot management they say, this stock could surge if ebay focuses on its core business and gets rid of its stub hub and classified ad units. the stock is up, 8%. not such a rosy forecast from huawei chief executive you better tell me more about very important tech company. >> so one of the largest in china. and huawei, of course, in the news for a number of issues including accusations of spying and hack whatting. now, huawei i should pingt out makes 100 billion dollars in revenue every year. it is one with of the large pest tech companies in china and because of the ongoing backlash for instance we know that u.s. has blocked huawei from its access and helping basically selling its network equipment to telecoms here in the u.s. other countries including u.k., also australia, and new zealand yerm is biggest market might be reconsidering their as well and when that happens, the tell come

usually follow had that country including in japan. so can you imagine the business hit that huawei will probably suffer if this does go into place if countries dos ban any corpse with huawei. big hit indeed thank you suzanne let's get to shutdown day two, of course. made a offer on saturday afternoon they rejected it said no at all. joining us now tom reid republican from new york congressman you're on the problemsoevers caucus. how do you solve if other side does not respond at all to offer that the within side has given? it seems like it's insolvable here. >> absolutely. stuart that's the heart of the problem, and other side is not going to sit down and talk and listen that's why i was proud of members on the democratic side in or particular, went to the white house last week, met with the president we spent an hour with the president and vice

president discussing how do we solve this shutdown and maybe take care of some of the other immigration faces we face especially as children caught up in broken immigration system known as daca those are children that the democrats supposedly care deeply about. president is opening up door and let's solve this problem on all fronts. border security plus these children being taken care of that to me is a reasonable position to put on table. >> really, it is such an obvious deal isn't it? you take care of the dreamers, and i think most americans would like in some way to take care of the dreamers. but you also build a wall. you stop the problem in the future. and -- for the life of me i don't see how nancy pelosi and senator schumer can keep going with their blanket resistance to anything that mr. trump proposes. i don't sure isly at some point doesn't public opinion change and say wait a minute you buys are just holding everything up? i do think that's going to grow

and american people will express the frustration they already carry against washington, d.c. and i'll tell ya, if this is the position of the other side on the democratic side that we won't even talk to you, that is, that's so childish. we need true leaders to step up on the democratic side and republican side and that's why i appreciate what president did. he demonstrated compassion, he demonstrated reasonableness, now, it is on senate leaders and the house leaders to say, let's just finish this off. we know what needs to go we care about these children we care about border security. let's join arm and get it done. >> is republican party united behind the president? >> i believe we are. what i heard, you know, the the came in to our conference call after -- his speech to the nation the other day, and i will tell you what i hard from republicans looking at we're being reasonable if you don't like this democratic leadership in the senate and house and don't want to take care of these children that you save for years that you've been advocating for or, then --

what is your proposal to solve this? and at the end of the day i think, you know over next few days the pressure will mount to get a bill out of the senate and then it is up to democratic leader nancy pelosi to speaker to make a decision. is she going to be beholden to her extremist on left or going to legislate for these children as well as those that are suffering at the border? >> all right so we could get some political movement this week. we might it shall let's leave it at that tom reid problem solvers caucus guy. [laughter] let's hope shall we? thanks for joining us see you soon. thanks so much. let's have a look at that market tuesday morning just open down 150 point vast majority of the dow 30 in the red. the trade war with china starting to hit some companies here at home. next, we're talking to a manufacturer who says tariffs are hurting his business. to tell us all about it, after this. [ phone rings ]

hey maya. what's up? hey! so listen, i was taking another look at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.

want your coffee delivered? starbucks -- starbucks is expanding its delivery options tell me more. >> can't guarantee but yes starbucks is expanding its the delivery service aiming to offer this to a quarter of their u.s. company operateed coffee shop so they're expanding this service

first in san francisco, then it will expand to those in new york, boston, washington, chicago, and los angeles. in the coming weeks they were testing this in miami, a 200 miami stores just last fall. and starbucks says that 95% of its core menu up for offer how you order it is through über eats app there will be 249 booking fee to usually work best probably in more dense urban areas. because you can bring down the fees, there's more need for coffee. >> if you get mass order. you're ordering for your whole office that makes sense. more than they do in store. not totally down on this get to trade shall we? the president tariffs are are hurting some american companies. so come on in ceo of roman manufacturing which makes equipment automakers welcome to the program. iyou to give a specific xasm of how tariffs are hurting your business. well stuart there's two ways

first on our material side steel is very important component of electrical transformers which we build. and so every one of our products is seeing a price increase tied to the tariff on that product. and on other side, i'm sorry -- >> i wanted to jump in. tell me how much more you have to pay for this -- steel that goes into some of your products. >> sure, we've seen steel prices increase 10 to 15% depending on what a grade of steel is and that flows through to roughly about a 2% price increase or cost increase for our product. >> okay. i interrupted you. 20% of my bottom line. >> that's good. okay. that's not good -- that hurts you i can tell. you mentioned another side where tariffs are hurting give me xeamples of that please. >> sure. so exfort businesses important

to our company. we export about 30% of our production. two-thirds of that is to canada and mexico, and other third to asia and europe, and we have important chinese customers and our product has received a retaliatory tariff by the chinese government which ads another 10% on to the cost of our product. already against the tax that is basically not favorable to importing into their markets. >> okay clearly it is hurting your company. would you say, however, that you're still in favor of the president confronting china on trade? >> absolutely. there's no doubt that the chinese are motivated by different things and what motivates us here in free market had. and there's no doubt that they've taken advantage of intellectual property and so the fact that the president is confronting that, i don't have a problem with that. i think he could have built a

coalition with our european or mexican trading partner because they face the same issues so more to me a problem with tactics. i don't like tariffs as a tactic. >> okay. bob we appreciate you being on the show today i want to specific example and you've given it to us and we appreciate that. bob thanks for joining us. >> thank you. thank you. real fast here's a story you hear about this all of the time if you want to go to the super bowl, you've got to pay up big time for tickets. how much? >> 7,939 is average price. just under $8,000 as of this morning we see this every time. but as time gets closer to big game, those prices will go down patriot fatigue some believe will bring prices down and rams relative for recent arrival in l.a. again should bring those ticket prices town. always a the patriots. next day, the democrats throwing their hats into the 202 race all of them have something in common. they're all far leftist

socialist policies -- i think that puts the democrats in a difficult position. my take on that is next. . .

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stuart: it is precisely 10:00 here in new york city. it is 7:00 precisely on the west coast. we're getting very important numbers, important to realtors and to the housing market. we got the numbers on existing home sales. just in to us. can you give me the number, ashley? ashley: just going through them. looks like an annualized basis 4.49 million, which is a little shy of 5.25 million. that is not good at all i will dig into it a little more. headline number, 4.49 million. existing home sales is important part this is huge number. susan: this might be worse than expected. ashley: it is. down 6% month to month. susan: that is way worse.

don't forget november saw the worst -- ashley: year to year up nearly 3%. november up 4%. we're seeing continue all slowdown in the housing industry. stuart: i think has a lot to do with the rising price of home sales. ashley: yep. stuart: 30-year fixed is declining but that is not enough to make houses more affordable. ashley: no. stuart: i can summarize as, the housing market is still having problems. ashley: definitely. not average, medium, the medium price is 253,600. it is actually down from november which was 257. so prices have dropped. stuart: good figure. has been some response own market. we were down 168 before these numbers. susan: it accounts for 1/5 of

u.s. gdp. a multiplier effect. stuart: not food numbers. now everyone, now this, a stream of democrats lining up for the 2020 presidential election, they have two things in common, total resistance to the president and far-left policies. seems contempt for trump and socialism are at the heart of the democrat campaign. california senator kamala harris declared her candidacy on monday. other big names including, include, new york senator kirsten gillibrand and likely declare, massachusetts senator elizabeth warren. there is no moderation amongst these three. senator harris has a 3 trillion-dollar tax plan. gillibrand wants the wildly expensive medicare for all. senator warren is all worked up about income inequality. none has any liking or respect for president trump. in fact open hostility to the president is a big plank in their platform.

former housing secretary julian castro, he is running. he talked about 80% tax rates on the very rich. democrat andrew yang a former tech executive, running on universal income policy, $1,000 per month for all americans. it is a very long list of those running, likely to run or considering running and not all of them are not way out on the left, that is true but it is the far left which has captured the imagination of the party and captured its attention too. two points, this left-wing is putting speaker pelosi in the difficult position of keeping the government shut down, keeping it going, shut down, keep it going because they won't allow any negotiation with the hated president. it also puts the democrat party in a difficult position in 2020. will america go for a presidential candidate who champions massive new taxes and enormous increases in government

spend. it is a debate we should encourage. we really don't want to repeat the socialist mistake. the second hour of sarni and company is about to begin. ♪ stuart: we've got to talk about the government shutdown, day 32. president trump said, without a wall our country can never have border or national security. with a powerful wall, steel barrier, crime rates and drugs will go substantially down over the u.s. the democrats know this but want to play political games. must be finally be done correctly. no cave. we have mercedes schlapp, white house director of strategic communications. mercedes, i take it from the tweet the president is not

willing to give at all from the current position? >> the president has already given a very reasonable, common sense proposal to deal with this immediate crisis that we have on the border. as well as immediately open the government. it is nancy pelosi who is absolutely stuck. nancy pelosi who is playing politics with the lives of our federal workers, and with keeping our communities safety. so, stuart, comes a time right now, nancy has to decide, speaker has to decide is she coming to the table? she has refused to negotiate with the president. she has refuse towed even come up with a compromise or a counteroffer. the president has come up with a proposal that has elements that the democratic party actually agrees with. so those rank-and-file democrats have to ask, will they stick with no solution, shutdown nancy, or will they work with the president to reopen the

government immediately and also provide resources that our border patrol agents and officers need? stuart: if you watch local news, just about anywhere in america, some national news as well, they shop pictures of federal workers going to food banks and if this government shutdown is not settled today or tomorrow, federal workers will lose their second paycheck on friday of this week. there is clearly a human toll on the shutdown on federal workers. what would you say to them? >> our hearts reach out, we really feel strongly seeing what we can do to insure and mitigate the impact of the shutdown for these federal workers. this is very difficult. at the same time we are ready with a plan to reopen the government and with this proposal it include also an opportunity to secure our border. so this is a moment in time where we have a bipartisan proposal with he willments that

the democrats support. includes technology for the border. more increase of our roads and infrastructure as well as provide humanitarian needs for those at the southern border, to help solve this problem. in addition to this we want the government to reopen i am immediately but we got to put pressure on speaker pelosi to allow this proposal to come to the floor and insure that we get a vote. i mean that is critical. you can find the rank-and-file democrats are getting tired of speaker pelosi is refusing to listen to the president, the career border patrol agents, get forward, get moving reopening the government. stuart: all over the world major economies are slowing down and that would include the united states. that is having an effect on the stock market that is down in part because of the slowdown

worldwide. the slowdown is in part because after china trade fight. can you give us any update on the china trade talks that might suggest a solution soon? >> just this sunday we reached our two-year mark. president trump has a lot to to really celebrate. it is historic two years for the president, building a strong economy, a booming economy where american workers are benefiting. just this weekend we were talking to a contractor and he said give the president a thumbs up. he is committed to the american worker. he is insuring that unemployment stays low, that more investments are coming to the united states. it is a successful story that we are able to tell in addition to the pact we passed significant tax reform legislation and deregulatory agenda in effect. with that being said, we are working in these negotiations with china. our goal is to insure that we

have free and reciprocal trade with china. that is the priority. we're optimistic. we still have time to go before the march 1st deadline. as we know the president has a very good relationship with president xi and will continue to find ways where we are able to bring china to the table and bring awareness to the fact we want to move away from china continuing to steal our intellectual property and really find movement in the right direction with china. stuart: mercedes, we'll wrap it up, get to the stock market. mercedes schlapp, everyone, always a pleasure. >> thank you so much. stuart: i think we're at the session lows of the day on the market. we're now down 210 points. maybe this has something to do with the weak housing numbers we received just nine 1/2 minutes ago. ashley: yeah. stuart: existing home sales down 6% month over month. ashley: yep. stuart: not a good reading. susan: three-year low. stuart: thank you, susan. that is why the market is down

so much. and a global slowdown well. the big tech names, they're all down. the only winner and it is not much of a winner is facebook up 80 cents at $150 a share. apple, alphabet, microsoft, all down. two dow components reported numbers, j&j and travelers, both those are down. look at j&j in particular it is one of the biggest drag own the dow. it's a dow stock. litigation costs doubled this quarter that all all about the talcum powder lawsuits. ibm announces the earnings after the closing bell. that stock is down a fraction. how about netflix? got first best picture nomination for "roma." a the stock is down nearly 3%. the drop there. we have a big hour coming up on this tuesday. you heard my editorial at the top of the hour, a stream of

democrats lining up for 2020. we'll talk about that a lot. owner of new orleans saints says her team was unfairly deprived of the opportunity to go to the super bowl after a clear pass interference penalty wasn't called. brian kilmeade will sort all of this out for me. plus the u.s. will reportedly seek extradition of huawei's ceo, meng wanzhou. as the company's ceo warns of hard times for huawei just ahead. he says mediocre employees could be laid off. this is china's version of apple and google. this could affect trade talks. you're watching the second hour of "varney & company." ♪ hey, who are you? oh, hey jeff, i'm a car thief... what?!

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stuart: we're holding the low of the day, which is minus 214 points. that is the best part, you're about 1% down. take a look at tesla. huge drop friday. it was off 13%. today it is down another 1.6%. it announced layoffs. now it dropped below $300 a share. look at ebay, the private equity firm, elliot management taken a 4% stake. laid out a plan that could boost ebay's valuation by 60 bucks a share by 2020. the market likes that. at 33. my editorial at the top of the hour, i was saying democrats running for 2020, they have a couple things in common. number one they're utterly contemptuous of president trump and they have far left policies. andy puzder, former cke restaurant ceo and author of the book, "the capitalist comeback quote. i haven't seen any political

party moving so far in one direction than the democrats are moving right now. where am i going now? >> you're not wrong. george mcgovern would be conservative in the group. it is a very liberal group of people. the mantra for 2020, president trump is fighting for america, whether border security, trade for china, trade for the eu, north korea, economy, working class jobs. he is fighting for america and americans. all the democrats are doing is fighting the president. they have got nothing else going on. these people are at the center of that uproar, of that fight. look, if you can't win the election with that, i don't know what you can win the election with. stuart: it could be very popular. i mean, people, will say, free college, that that is a good id. health care for all, medicare for all, that is a great idea. it would benefit from me. more than half the population would benefit, directly from, even though it might ruin the economy. that is a hard argument to go against, isn't it?

i can see how it would be popular. >> it's a hard argument to go against. the people making these proposals doesn't have a grasp on the facts. any one of those policy proposals can be easily refuted by republicans or conservatives who stick in the facts, stick to reality. point to countries like venezuela, north korea, cuba, and their economies. these are the kind of proposals that destroy economic growth. i wish the socialists all the socialist candidates as bernie sanders and alexandria ocasio-cortez would stop focusing on these ridiculous economic policies and focus on things they're good at like dancing. this is not their strength. their strength is not economic policy. i think the american people will see through this. stuart: a little sarcastic there, andy. >> i really loved that video. i felt better when i watch it. she is actually very talented. she is not very good on economic issues. stuart: you're still being sarcastic but okay, we'll move on. one much the proposals from bernie sanders has always been

$15 per hour federal minimum wage but you have an article, foxnews.com that says, look, that proposal is irrelevant because of trump's pro-growth policies. explain. >> well, all you got to do think back to 2014 when president obama was proposing a minimum wage of 10.10 an hour. wages were stagnant. economy was stagnant. he had no policies that would increase wages so he wanted to increase wages. they came out with the that it would kill 500,000 jobs. it is a bad idea. after two years of president trump, lower taxes encouraging domestic energy and lower regulations. i don't think people would notice if we wage the minimum wage 10.10 an hour. drive down the street, retail establishments they're trying to get employees for $10, $11, $12 an hour. here in tennessee, the minimum

wage is 7.25, you can't go by place that isn't trying to hire people at 7.25 an hour. minimum wage is irrelevant. continue with the economic boom. by 2024 when they're proposing getting the wage to $15 an hour, it might already be there because of domestic economic growth. they just need to get out of the way and focus what they're good at, not what they don't understand. stuart: andy puzder, point taken, thanks for joining us, sir. >> thank you. good to see you. stuart: you know soccer star cristiano renaldo? he has to pay a 22 million-dollar fine for tax fraud. what did he do? tax fraud. ashley: back to you, stu. $6 million during the period 2010 and 2014 he was playing real madrid in spain. he is now in italy. funneling lucrative image rights deals. he was funneling money they cues

him of putting money in low taxed countries, avoiding taxes. he will pay 21, $22 million. he get as 23 month jail sentence. anything in spain under two years you don't have to do jail time. just gets him under the wire. stuart: he is on probation. ashley: third wealthiest athlete in the world. averages 108 million. susan: is that all. what about the soccer players, lionel messi. he. stuart: we are impressed. susan: football in other parts of the world. stuart: soccer players in europe, england especially, they make a ton of money. ashley: they do, amazing amount of money. stuart: we'll talk about the shut down later this hour. we'll talk to someone who says now we know speaker pelosi

doesn't care about the furloughed government workers. who is saying saying that? governor huckabee. ♪

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stuart: the world economic forum, davos, president trump is not going to be there. he just tweeted about that. put it on the screen of the tweet, last time i went to davos the fake news said i should not go there. this year because of the shutdown i decided not to go, and the fake news said i should be there. the fact that the people understand the media better than the media understands them. ashley, this is element -- ashley: he is right by the way. the president is right. stuart: he is. a lot of world leaders are not going. ashley: not just mr. trump.

what about theresa may, prime minister of great britain. stuart: can't go. ashley: ever heard of brexit, can't bo. ashley: she will be stuck at home for years the way it looks like. emannuel macron, president of france, what is he doing? fires on the streets of paris. he is fighting yellow vest protesters. he has his plate full. interesting organizers of davos, countries of the north atlantic are preoccupied. but the world doesn't stop, they say. as a result this meeting will focus on non-angli world. susan: xi xinping is not attending either. not just the angloworld. stuart: how do you address the issue of brexit or? ashley: major players are not there. stuart: how can you do that? they are not there. >> is big networking. it is irrelevant. stuart: we'll have more on brexit our next hour, because mr. brexit, nigel farage will be

with us. he says he will get back into politics full time if the uk has to stay in europe. he is on the show. facebook facing a record fine for mishandling your data. google is fined 57 million by europe. are these cash grabs. or could this be the way in the future we regulate these companies? we'll sort it out for you. ♪ (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches?

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♪ stuart: that is interesting. get back to where you once belonged. i just come back from britain where i did once belong and i'm not going back, simple as that. good choice of song there, producers. susan: for you. stuart: i'm american. i'm a very happy guy frankly. the market coming back a little. we were down 220, now we're down 160. big tech names most of them are down. all of them except facebook, apple, amazon, microsoft down. facebook struggling to a 30-cent gain. 150 a share. starbucks launching delivery service in san francisco. expand it to boston, chicago, l.a., new york, d.c. in coming weeks. they piloted program in miami. the market likes it. up a buck at 65. staying on your money, we reported on economic slowdown. the imf is saying the global economy is slowing down this year as well. scott shellady with us, managing director of tmj europe. is the china trade dispute the

root cause of this global slowdown? >> no. it is part of the slowdown but they were slowing down before this tariff tantrum hit. so that is nothing new. the market is not surprised by that actually i will say this. there are rumors and some research going around trading rooms saying they're growing say less than 2%. they're giving us 6.6 and big check, but at the end of the day i think it's a lot worse than that. stuart: do you think if there was a solution or some kind of compromise deal on china trade and announced by march, you think that the global economy would rebound at least a little? >> yes. yes, i do. here the problem is, stuart, that president trump is trying to totally disrupt the way things have been going across the globe for years now and he has gotten some partners in to help him with it. but if he rewrites the rules with the wto, way we trade globally with china, that is going to be a difficult thing to do and once that is over everybody will get a collective boost.

stuart: let's hope it is over soon. any reason to believe there will be a deal? >> i think there will be a deal because, he doesn't have a ton of patience. i think he will come to some sort of arrangement. maybe the huawei thing will help him have leverage and sigh something this spring, rather than next fall. i think we'll get something sooner rather than later. stuart: scott, as you know, i just don't like the big brother aspects of google and facebook. and europe is going to fine google a record $57 million. facebook may face another record-setting fine. all about privacy, what they do with your information. are you on board with that? because, i don't like big brother. and i think you've got to do something about it. i don't know what to do about it but seems like the europeans are in the lead here? >> they have taken the attitude if they can't make it they are going to regulate it and obviously you see what they decided to do and obviously silicon valley need as little bit of a lesson that way because

they dropped the ball. when it comes to facebook and google to me those are two different things. you kind of have to use google in your day-to-day work. if you don't want your data out there the first responsibility relies on you. if i think my data is on facebook. facebook is a choice. i don't need facebook to do my business. i don't need facebook to be alive in the world. people put their information on it, knowing that could be a big breach. think about the government levying these fines. my problem, stuart is this, where was the big fine when equifax really gave out your information, right? we're talking about, if you like jeans or what you had for breakfast. we have equifax really hasn't suffered, they had to spend money to tidy things up, but at the end of the day, fine of google had to pay 57 million bucks, quarterly revenues of 33 billion isn't that big of a deal. stuart: i just come back from a long weekend in britain. i know you just come back from working in london long term. i notice you're in chicago

today. >> yes. stuart: i'm really glad to be back in the states. i find the atmosphere, even though we have government shutdown, toxic politics, i find the atmosphere in america far more positive than the atmosphere in britain. do you feel that way? >> 100% and you can sum it up just like this. walk by a ferrari in london, a lot of people want to scratch it, because they're angry a guy has a ferrari. you walk by a ferrari, a lot of people are inquisitive what the guy does for a living, so i can buy one of those ferraris. that is the difference. stuart: they're so committed to global environmental rules and regulations they are uber green to the exception of everything. they seem to be almost crazed by global warming, right? >> that is what happened with macron in france, he so uber green levying taxes on people that can least afford it the most. that has gotten him in trouble. you know where they say in parts

of world i come from, macron and guys that act that way, all hat, no cattle. stuart: we'll leave it right there, cattleman. scott, thanks for joining us. see you soon. >> all righty. stuart: got to talk about netflix. nbc might yang -- yank the-offs from netflix if they start their own streaming service. that might happen on other occasions. disney of this world. susan: at&t as well. according to three shows on netflix, is the-offs, "friends" and parks and recreation. nbc-universal owns "the office" and parks and recreation. they might yank the licensing agreements when it ends in 2021. they will start up a streaming service in 2020. netflix pay as lot for licensing agreements, "friends" owned by

time warner even though it aired on nbc. netflix pays $100 million a year to keep it on streaming site. stuart: you're kidding. 100 million to keep "friends" on netflix? >> through to 2019. stuart: i didn't know that. susan: pricey. stuart: well-said, susan. i get to sports, not my area of course but i am sure you heard the shot her around the world may have cost new orleans saints a super bowl spot. i want to bring in brian kilmeade for this. he is the host of the "brian kilmeade show." i don't know what is going on. take me through it. >> if this pass is completed by drew brees, arguably greatest clutch quarterback in the end, pass is completed or interference is called they have first and goal inside the five. and it looked even by the rams cornerback's admission, he said i, you know i should have had a penalty. i thought a penalty had been

thrown. the whole crowd roared in new orleans. i thought i had been nailed. we can't show it anymore because of the rights rules, it was almost outright tackle. you throw the ball up you have to let the receive get it. you can block it but not knock him over. this was no call made. they're talking about changing, stuart, nfl offices watch the game, decide a non-call is now reviewable. that is going to be brought up in the off-season. stuart: look my comment is this, there are far too many interruptions to the free flow of the game. >> i know. stuart: the flags are down all the time. they go to the videotape all the time. there is no free flow. i think it has got to the point where the game is not as attractive as, for example, free flowing soccer. what do you say? >> i think you were born biased in another nation where soccer has has is number one.

you're singing my song. i played the sport in college. soccer has it right. they're doing in football, splitting the screen when they go to commercial during clutch periods seeing quarterback talk to the coach, you see the commercial. soccer rings the screen with the sponsors or puts the scoreboard with the sponsor. that helps the viewer but i would say this, i do worry about the nfl getting involved in headquarters, bad enough calls getting reviewed. a guy ready to go snap the call, wait, new york just called. stop the play, we're reviewing the previous play because after non-call. a lot of adjustments have been made. the game has been substantially changed but there are two egregious plays. one the kansas city player, the kansas city player lined up in the neutral zone, that means off sides for soccer fans. you lined up offside, before the ball is snapped you're in the neutral zone, that will be a call in any generation. the other one was so blatant it would be easy call from new york

on headquarters, you got to call that i worry about the nuance calls, gray area calls. wait a second, this game was over. there has been a call from new york. get back on the field. put headsets back on because we saw something the refs didn't. stuart: you can't do it. you can't do it. by the way video assisted refereeing, called var, coming to english premier soccer. they will interrupt the free flow of soccer in the same way they're interrupting the proflee of football -- free flow of football. i think it's a bad thing. you have to get it right but not at the expense of the game. >> is it at the expense of the game or trying to make the true outcome of the game legitimate? how many times the ball over the line, couldn't see it. they have the line technology, brought it into tennis. should we pretend we're not getting more and more advanced as a people? should we pretend there is no more electricity? should we use candles in stuart

varney's sports world? we have to move with the times, young man. stuart: you're okay. you can come back any day you like. kilmeade, you're all right. >> see you at the super bowl. stuart: more on the nfl in our next hour by the way. i will talk to hall-of-famer fran tarkenton. i will repeat it. i'm tired of the penalties and tired of the replay reviews. it is slowing the game down. i wonder if tarkenton feels the same way. dem crass resoundingly turning down president trump's deal. democrats because we know speaker pelosi doesn't care about furloughed workers. more "varney" after this. ♪

♪ ashley: republican congressman tom reed in new york says not all democrats refuse to talk about border wall funding. a recent caucus meeting gave him hope. roll tape. >> if the other side will not sit down and talk and listen, i was proud of my fellow problem solvers caucus members on democratic side, went to the white house, spent an hour with the president and vice president, how we solve the shutdown and take care of other immigration issues we face especially children caught up in the broken immigration system known as daca. those are children that the democrats supposedly care deeply

about. the president is opening up the door. let's solve this problem on all fronts. ♪ during the fall, everyone who has medicare may be eligible to choose a new medicare health plan. but you may be able to choose a new plan right now. if you answer 'yes' to any of these questions: are you turning 65? do you have both medicare and medicaid? do you have medicare? and are you losing employer health coverage? if you answered yes just once, you may be able to choose a new medicare health plan right now. call humana at the number on your screen to see if you qualify. and we'll send you this helpful medicare decision guide. the call is free, and there's no obligation. humana has over 30 years of medicare experience and offers a wide range of all-in-one medicare advantage health plans that include medical and prescription drug coverage and

valuable extras like: a 24-hour nurse advice line. the silver sneakers fitness program. and mail order prescription coverage. all for an affordable monthly plan premium. and, in some areas, no plan premium. with humana, you'll get more than original medicare alone and have the peace of mind of knowing you're covered for doctor visits and hospital stays. plus, routine physicals and preventive screenings. and when it comes to prescriptions, in 2017, humana's medicare advantage prescription drug plan members saved an estimated $6900 on average on their prescription costs. so call a licensed humana sales agent today at the number on your screen, to see if you're eligible to enroll today. and say yes to getting the right health care coverage without having to wait for it. stuart: we were down 220. then we were down 140. right now we're down 170 points. all right. let's get to the government

shutdown. our next guest is governor mike huckabee. he tweeted that on your screens, read it while i go through it for a second. basically governor huckabee is saying, nancy pelosi down care about government workers, who still are not been paid. come on in, governor huckabee, former arkansas governor. so what do you think here? you're talking about nancy pelosi, she doesn't care about government workers? >> she really doesn't. if she did this whole shutdown would have already ended and it could end today. it is real simple. all she has to do is accept the incredibly generous offer that the president has made supposedly gives her and the democrats what they have been wanting, which is some resolution for the dreamers, which is more security on the border in the way of judges to expedite the number of asylum cases that they can process, which is the tps, which is everything they have been saying they wanted plus giving paychecks to 800,000 workers. if they don't accept this offer, then it is proof positive

they're not interested in the people who are being affected by the shutdown. this is for them not a shutdown. it's a showdown with the president and they think they will win it but they won't. i don't think they fully understand that while donald trump owned it at the beginning, he no longer owns it, they do by their unwillingness to even sit down and talk. stuart: but has speaker pelosi been pushed into a corner by the left-wing of her party which wants to resist everything and anything from the president and wouldn't let her budge one inch? she is pushed into this? >> she has but then that shows that she is not a leader, she's a follower. she is being led by the most radical wing of her party who wants no solution whatsoever. they want absolute open borders, but she is contributed to that nonsense by saying ridiculous things like, walls are immoral. now if that is the case, stuart, let's takes down the 600 plus miles we've got. by the way, nancy, unlock your doors at night, take the wall

from around your house down, all the barriers that exist around every government building in washington, making every government building in d.c. a virtual fortress, take those down because those are clearly immoral. chide the point and ask him to take down the immoral walls around the vatican and those are pretty big and substantial walls. while you're at it, go to jerusalem to take down that ball. let's take them all down because they're immoral. stuart: let's get serious for a second. >> i was. stuart: i'm sorry. there is a going to be a vote today, maybe tomorrow in the senate on a deal to reopen the government. do you think there is a possibility here that there would be a crack in the democrat party, specifically joe manchin for example, who might side with the president on this and against his own party? >> well, i would like to think there are a number of democrats in the senate who are responsible people, you know, all democrats are not as crazy as some on the far left.

there are really good people, patriotic, country-loving, god-fearing people and they need to be step up and be statesman today and there's a good opportunity to show they're not capitulating to the president, they're not giving in to everything. they're simply looking for a honest, true solution built on compromise. that is exactly what the president has offered. there are people in the president's own base who are upset with what he has offered. they think he is giving too much. they think it is amnesty. i don't but some of them do. and so, you know, he is never going to make everybody happy. that is the art of compromise. its the way you govern. if some democrats are willing to meet him on that, we can resolve this, get back to the business of being a country again which is what we ought to be doing. stuart: indeed, compromise. what is wrong with a wall in exchange for the dreamers governor huckabee, good stuff. >> thank you, stu. stuart: chief executive huawei warning of hard times ahead.

mediocre employees, he says, could be laid off. huawei is china's version of apple or google. huge technology company from china. got to imagine this would bleed into our trade talks with china. we'll have more on that side of the story in a moment. ♪ .

stuart: we're down 150 points on the dow industrials. that is down 2/3 of 1%. the ceo of the chinese tech giant huawei says tough times could be ahead for the company. he is warning about layoffs. joining us now steve moser, the author of, "bully of asia." steve, would you put this into perspective for us please because we heard a lot about huawei. as i understand it they are a huge chinese technology company which is under serious pressure. am i right? >> yeah, stuart. they are the number one high-tech company in china. they're the one of the national champions identified 20 years ago by the chinese communist party and they have been given all sorts of tax breaks and subsidies over the years because china wanted huawei to dominate 5g all around the world. now of course we know a lot of

people look at huawei smartphones saying these really are spy devices. a lot of countries, not the u.s., we did this a long time ago, a lot of countries are saying we don't want 5g equipment. a lot of orders are not coming in for huawei. there is an even more important factor, stuart, that is china's economy is on a glide path downward. they have a consumption tax in china. last january it raised 100 billion chinese dollars. in november it raised 20 billion. think about that from 100 billion in one month, a year ago, down to 20 billion in november the most recent figures we have. that represent as drop in consumption, which is a jaw-dropping amount. stuart: steve, the official figures from china just released suggest, yes, they're slowing down but they're still got a better than 6% growth rate. would you contest that? they're doing much worse than that? >> yeah. i think we have to understand that the numbers from china serve a political purpose.

they're not primarily revealing of what the economy is really doing. they reveal what the chinese government wants the chinese team to think about what the economy is doing but here is the biggest gray rhino in the room right now. it is the demographic, the coming demographic collapse in china. remember china had a one-child policy in place for last 40 years. they have eliminated 400 million because of the one-child policy, 400 million chinese do not exist. these are the most productive, enterprising people in the world, they have been eliminated. china's demographic profile, how many young, middlaged elderly, is similar to japan in the late 1990s. what happened to jop anyone the 1990s? they had the world's first demographic recession. china is happening the second world's demographic recession. this is not something you can do

about in the short term. stuart: you tell me if the huawei problem, demographic problem, do they combine to put sufficient pressure on china to force a deal with us? 20 second shoes absolutely. china is desperate to reach a deal with the united states. if the tariffs go up or stay in place china is in for a very hard landing. you can't solve a demographic overnight. the baby you have today, it is 20 years before they enter the workforce. stuart: got it. steve measure, thanks for joining us. >> thanks, stuart. stuart: now this, 29-year-old alexandria ocasio-cortez dominates the headlines but i don't think her brand of socialist politics is right for this country. that is my opinion. you will hear more about that at the top of the next hour. ♪

..

stuart: it seems alexandria ocasio-cortez now dominates the democrat party. she's 29 come a socialist and she's been in the house of representatives for less than one month. she is also passionate and dynamic. perhaps that explains her prominence in a party still led a 70 something. what she is saying my shortly worry party elders who have to win elections outside the wild left wing combines a ioc of aoc constituency. she's made to more dramatic comment that bring it to mainstream democrats if there were any of them still around. first, she says the world is going to end in 12 years if we don't address climate change. really? you can put a timetable on the end of the world? no you can't. and when you do, you undermine your own course. i'm not debating global warning. when you make cataclysmic things

which you cannot back up, you lose many people still in concern. far from galvanizing voters to action, and second common alexandria ocasio-cortez was asked, does a moral world allow billionaires. no she said. the system which allows billionaires to exist does not make economic sense and does not make moral sense. that's what she said. large personal fortunes have helped create our dynamic economy. if the billionaires have been given it to the government, would we have the fully employed economy we have today? no we would not. and if we took their money, would that be moral? know what not. aoc socialism is the product of jealousy and envy. i've seen this movement before. it is surprising and frankly depressing that each generation has to learn the lessons of the past. socialism does not create

prosperity and it does not allow individual liberty, hopefully millennial sulci the light of history and turn away from disastrous policies before they are imposed on us all. the third hour of "varney & company" is about to begin. ♪ >> but i do think it allows billionaires to exist when there are parts of alabama where people are still getting ringworm because they don't have access to public health is wrong. dream to ringworm. i was alexandria ocasio-cortez. i want reaction from the columnist peter morici. she says it's immoral. deal with that, please. >> quite reason the people -- recently with a ringworm if they

don't take care of themselves that there's plenty of opportunity to use soap and water anywhere. this is just nonsense. what goes on here issues play into her base. we have a large people who aren't away from immigrant status. they're in her district. they come from a culture where this data is then destroyed their economy is and they can bring it here and all of a sudden bad things are not in a happen. look at puerto rico. look how bad off it is. there's a reason for that and now alexandria ocasio-cortez wants to do that to all of america. stuart: okay, how about the imf. they just lowered their global growth forecast for this year. we also have china's economy slowing quite dramatically according to some. so how about america? you're an economist. are we the only game, the best game in town? >> right now we are the only game in town. we are slowing as well just not

as much. but we don't know is how much china is following. we don't know the full extent of their problems and a lot of the analogies made to japan are only half true. china is a different place because of its sheer size and the fact that it's insulated from the global financial system. my feeling is china could go on for decades or could collapse next year. no one knows the answer and people to make predictions are often been very helpful in one direction or the other. stuart: do you expect a trade deal with china? >> absolutely. trump made the deal. my feeling is there will be a deal could muffle the deal say? you're basically be a writer ration of 2001 agreement that permitted china to join the wto. we know how well that worked out. the bottom line is the chinese people, the businesses, people at huawei don't believe in a stuff and they're not going to act accordingly. not even president xi with all the strings and controls can

make the chinese system work in a way that it is not dna wire to work. my feeling is chinese to be excluded from the system that this is basically a fool's journey. stuart: but we will get a deal of some sort. >> the question is whether does anything about the trade deficit is something else again. stuart: when we get some kind of deal you can expect a lift for the market. >> that is why trump is doing it. stuart: peter, good stuff. the real soon. check the big ward still down just about 200 points. that is three quarters of 1%. the s&p, watch the decline rate air. we arrived or the knot, and almost 1% lower for the s&p. show me the nasdaq, please. the decline there is more than 1%. obviously technology taking it on the chin today. we do have a couple of dow components have reported profits earlier this morning. travelers and johnson & johnson let particularly at j&j down

more than two bucks. their litigation costs doubled last year. that's a talcum powder problem. check big tech. i think they're all down. maybe facebook struggling. facebook 149, amazon 1661. apple 155. alphabet down. microsoft down as well. concentrate on facebook for a moment. it could face a record five from the feds of a privacy violation. joining us now, fox news contributor scott martin. there's a whole bunch of negatives for facebook. would you buy the stock when they're facing all of these headwinds? >> that's a great question, stuart. what do we do now? i tell you guess i would. the news probably can't get much worse and that is what is great as a project. they look forward, not back. looking forward in the stock, most of the bad news is in the

stock. mike murphy especially. to me i think this is an area where you can pick up facebook. yes the fines are little deterring and there's more to come. to me the valuation is such on facebook with the revenue growth we will see from them that makes you want to verify here. stuart: you own it, right? >> we do own it. i know you appreciate on a slave. we all had. we are tired enough of us would like to see the stock go up yet. stuart: appreciated. talk about google. they've just been fined $57 million by french regulators. another example of the european almost acting as regulators of american tech companies. now look, i think that is legit. i have no problem with that because i am google and facebook are the big brothers of this world and i don't like it. i want to see someone hold them accountable. what say you. >> i agree with you. if they did something wrong they should pay for it.

the funny part about the language being thrown around as these are record fines for the ftc or the e.u. in this case with google. these are companies making tens of billions of dollars of recorder to find these guys 100 million, maybe in the case of a facebook's record fine will be. probably a drop in the bucket. i agree with you if they do something wrong, violate privacy role, don't adhere to the promises they made, and they should be punished and i think they're going to be. stuart: how about netflix. will not lead way with 10 oscar nominations. we are getting word that netflix may be getting into the motion pictures association of america. they're a huge player in original movies. would you buy the stock at 328? >> we own the stock and i would probably wait a few more days for it to come back a little bit more after the earnings report where they talked about the increasing competition.

we do like netflix. i love the original content. we talked about you have nbc taking off the office. they've got amazon streaming to compete with. disney streaming service later this year. i love the original content on netflix. the babysitter, one of my favorite original content is the way to go. stuart: scott martin, thanks for being with us. see you again soon. california democrat senator kamala terrace and now she's running in 2020. she's announcing a tax plan that would cost $3 trillion over 10 years. what are her chances of getting the nomination without in the background. theresa may unveiling a breadth of plan b after the embarrassing rejection of her plan last week. nigel farage says that the u.k. stays in your upcoming is getting back in politics. day 32 of the shutdown could the

democrats won't budge. they reject it the dreamers deal and this morning the president treated he is not going to cave either. we are on it, all of it after this. ♪ ♪ earn $100... ♪ earn $100 off... ♪ off your deductible. ♪ deductible. ♪ for every year of safe driving. ♪ ♪ for every-- for every-- ♪ ♪ for every year of safe driving. ♪ what are you-- what key are you in? "e." no, no, go to "g." "g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet.

stuart: davos, the big get-together. i believe -- >> gentleman for the president to shut down because we have reddish prime minister. she's going -- not going to be there. she's dealing with brexit. and then you have a manual macron. he's not going to be in davos. god knows that the kind of place macron loves to be. he loves all that, but it's got

protests on the streets with a yellow vest protests. he's not going to be in davos. countries of the north atlantic are preoccupied at the moment, but the world doesn't stop. he's been embroiled in a trade dispute. they've got a problem in north europeans. theresa may finally unveiled her brexit plan yesterday. didn't look much different from plan a. nigel farage, the lead organization. i don't think i was much of a plan b. at the end of the day, nigel, looks to me like the birds stay in europe. what do you say? >> the real problem here is despite the vote in the referendum, despite the general election, despite 500 mps voting for article l, which made it clear we would leave in two years, namely on march the

29th, what you've got now is a very large number of british parliamentarians doing their utmost for brexit appeared in the middle of this, theresa may who came up with a withdrawal agreement that frankly looks like a surrendered document. so we've got an unholy mess and i have to say, i hope i'm wrong. i really do, but it seems to me that parliament is likely to opt to extend the article l date and kick the can down the road. stuart: i was in britain over the weekend and i was hearing that what they should get another referendum. if there is another referendum, this time we go to stay. >> i couldn't disagree more. absolutely not. if they promise a second referendum, it won't just be about whether we should be self-governing or run by a bunch

of eurocrats in brussels. it would be about trust. our elected politicians and we on the lean side will say, you go out there this time and teach our arrogant politicians a lesson they'll never forget. there will be a good old-fashioned anglo-saxon response. >> are you going to get back into politics? >> my -- i wouldn't let the insurgent and we did some pretty remarkable things in british politics come attracted millions of supporters. we terrified the establishment into promising a referendum referendum. we delivered it. the public said to me and others, thank you very much. you've done your job. but i have not, after 25 years of fighting for this country to be a free independent nation. i am not going to stand by on the sidelines and watch this being portrayed. so i've stated in the last two days very clearly that if we do

not leave the european union because parliament goes against the will of the people, parliament for trace the greatest democratic exercise in the history of our nation, i will get back fighting elections in taking on the establishment once again. they didn't enjoy my presence last time. let me promise them, deliver brexit or you'll really dislike me next time. stuart: one quick comment by house. i was in britain over the long weekend and i have never felt such a negative environment in my life. america's burdened with toxic politics in britain. the political classes really disliked in the extreme. i'm right, aren't i.? >> there is talk, could we have civil disorder. could we have insurgency? the answer is we are not french. but there is a danger and that's

another reason why i would get back involved once again is to give people a democratic outlet to express their anger rather than turning to violence. stuart: nigel farage, great to have you on the show could well be speaking to you about. check the big war began. different markets. dow industrials down three quarters of 1%. look at the level 24,500. how about bitcoin. when i left on thursday, it was 3600 bucks a coin. tuesday morning $3582 per coin. gold thursday was getting close to $1300 an ounce. today $12.80. last week and i left, the price of oil was about $53 a barrel. now it is 52. gas prices, five straight days of miniscule increases in the national price. the national average now is 225. got it.

the owner of the new orleans paint says the team was unfairly deprived of an opportunity to go to the super bowl after a clear pass interference penalty was not called. coming up we're talking to hall of famer about that. other sports news. soccer star rinaldo fined $22 million for tax fraud. and lincoln's newest car, the lincoln continental with the classic suicide doors as they're called sold out in 48 hours. wait until you hear how much they paid for that. ♪ i am a family man.

i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.

stuart: the limited edition $110,000 lincoln continental sold out of 48 hours. lincoln made 80 of its cars to celebrate the first continental. lincoln will release another model in 2020. british airways is going to paint one of the 747 boeing and retro style. the plane will debut its new retro look island next month.

vintage schemes this year on the 100th birthday. which one is the retro? the one on the right. they used to call it better on a camel. moving on, stuart. soccer star rinaldo has to pay fines after pleading guilty to tax fraud. the judge gave him a two-year suspended sentence. he was accused of using shell companies outside spain where he played to hide money that he made firm image rights. the accusations didn't evolve his salary for madrid. new numbers show people drinking less alcohol in america these days. down about 1% last year. the decline was much stronger in. is this a generational cultural shift? the man on your screen, dam lock, he's a social media influencer.

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give us a call today to get started. stuart: down 193 points. that's the best part of more than three quarters 1% down in the vast majority of the dow 30 are in the red. it is a down day across the board on wall street. the aluminum producer are comics the stock is way down but the company says it no longer pursuing the sale. down 17%. and now this. more new york city restaurants are struggling to cope with the increase in the minimum wage to 15 bucks an hour. we hear one restaurant that getting rid of posts. can't afford to hire a host and the customer see themselves. the thinking goes that the spirit he runs many applebee's in the new york metro area could look into the program. >> thank you, stuart. stuart: big victor across the board, how many jobs have been lost because of $15 an hour?

>> are still determining, but huge. stuart: is a job losses? >> is $3.17 an hour. they hire five servers for one of ours across the river. just a mile away. stuart: is there any comeback for the restaurant? >> wait a second. we can't live with this. that's only a part of it. there's only three ways to deal with it. raise prices. can't people look at technology or try all three, which is our strategy. price where the consumer is really being banged against the wall right now. they don't want to pay more money especially in our state. as a result that you get a one maybe 2% increase. you can't back up 1000 less people this time than we were a year ago. we have 4000 people when i sat with you at the start of 18.

as i sit with you at the start. stuart: that is the direct result of fish $10 an hour. >> absolutely. unequivocally. we tell the governor and we tell the mayor, they're pandering to the public. stuart: how to use technology? >> tablets on the table and we are orienting people to start to be able to order. the big advantage right away whichever one is capable of doing is swiping, paying your bill, paying your check with the credit card. before you had to hail a server to get the check. now you can swipe. a more used to die. where paying gas was swiping. supermarkets was swiping. so that's not a real orientation. the big deal will come when consumers start to order totally from the tablet. but she'll always need the server component. i kind of view and then i tell

our folks we are somewhere between a high-end concierge in a wal-mart in terms of how they're going to deal with the consumer. they'll mentor the consumer as to how to order it and be there if you need something. stuart: all a consequence of 15 bucks an hour. that's extraordinary. >> it's beyond. we've always had minimum wages technologies best friend. there will always be a way around when wages reach -- when the inner side. you have to figure out. stuart: when i first came to america i was a waiter at restaurant in connecticut. that's how i got into the mess. one more thing has got to get to this. the number shows people are drinking less alcohol these days. alcohol consumption down 1%, particularly bad with.

is that a cultural shift because you see it in restaurants. >> certainly we see in the restaurants. people are moving more and more to drinks that are nonalcoholic beverages. stuart: that affects your profit margins. american ingenuity. i take a very optimistic view that you've got to figure it out. we're not going to overcome it. were not going to beat the government or the minimum wage. so let's figure out how to navigate instead of figuring out how to hold it back. stuart: does this surprise you? less alcohol? >> i'm not sure it's exactly that. the boomer is consuming ironically more alcohol. the less alcohol is in terms of numbers of can rumors. the millennial isn't drinking as much. stuart: sorry to anorexia. this is sensational.

written over the weekend, the break drink like fish. the pubs i went into exile groups of young people, millennialdrinking coke and soda water, not beer, wine. >> the total consumption is about 22%. the total consumption, the number of people drinking has reduced. stuart: your cultural stage. >> at least in my own mind. stuart: thank you for joining us. our next guest, fascinating guy. a social media influencer. a best-selling author. he has written 12 books. you said you don't necessarily get a college degree to make money in the age of the internet. the man on your screen right now is dan lok. i'll repeat it you don't need a

college degree in the age of the internet to make real money. >> look at apple, ibm, google without a college degree. what does that tell you? >> now a lot of students after they graduate from school, they allow student debt. that doesn't guarantee success. sometimes they'll go back to school and stay out of the second degree and now they go out there and try and find a job. now they're overqualified. >> you're an internet guy. you've made your name and money on the internet. you don't need a college degree? >> i dropped out of college because i couldn't stand how boring it was. stuart: which college? [inaudible] tree into your like a bill gates. >> i dropped out because i'm unemployable. i've got to find someone to hire me. stuart: i am fascinated by not how much money you've made on

the internet, but what an impression you've made on the world. >> i think on average 1.1 million subscribers and is graham over 600,000 on facebook 1.5. so on average, on the basis probably 15 to 20 million. stuart: when you talk about? >> isn't entrepreneurship. you don't need a college degree. stuart: when you get paid on the basis of how many eyeballs were on instagram or facebook or youtube channel. that's how you get paid. how else do you make money? >> i make money -- how i get paid for my own businesses. i train people. giving them an alternative career if they want to choose a different path. not a traditional path. if they want to be a doctor, lawyer, sure, but if they want something else. stuart: what other kind of things? >> a digital marketing career.

being a sales person or corporation. stuart: that is why it seems so much of dan lok popping out. we've got 10 seconds left. thank you very much for joining us. i hope you can come back again. very interesting. a story on starbucks. they're partnering with lugar eats to expand delivery service for coffee and anything else that launching the service in san francisco comics into new york, boston, d.c., chicago, l.a. in the next few weeks. a $2.49 booking fee for each order. you have been warned. facebook, what's happened. trying to combat the spread of fake news. people all may be able to send stories to five other people or groups that's down from 20

currently. the company says the move will cut down on the spread of misinformation. tickets to the super bowl going for thousands of dollars online. how much? >> as of this morning the average listing price for a ticket to the super bowl $7939. but there is a strong belief it will calm down the closer we get to the game. patriots petite. also, the rams haven't been there about months of the price will come down on the secondary market closer to the game. right now if you wanted to buy them -- stuart: we always had these stories. 10 minutes -- just a few minutes from now. nfl hall of famer on the show about the controversial missed calls at the end of the nfc championship game. he's on now. look at ebay.

two activist investor firms say the stock would surge at ebay focuses on its core business. they wanted to dump stub hub and classified units per the market was not up 7.5%. apple says apple table soon be available at all target stores across the country in the next few weeks. apple along with the rest of the market down. united airlines releasing a statement about the nightmare flight but was grounded at a canadian airport. ashley: they were there for 12 hours and after a passenger became ill they couldn't start the plane up again because the door was frozen when they opened that they could never close it so they were trapped there. united said in a statement we apologize to our customers for this experience. the airport did not have customs officers overnight so they were not able to let the passengers get off the plane. they were literally trapped. they got another boeing seven. it took them 12 plus hours and they threw them back to newark

where they originated. they were trying to get to hong kong. they said we understand the situation. one of those bizarre situations where we couldn't get one or quickly enough. there was a very remote area of canada. they also pointed out that they gave reimbursement compensation, and everything that they could do. >> is a very tense situation for them. even suffer for the passengers granted. of course it is day two of the shutdown. -- day 32. next, an update on how many people actually called out. in california teachers in the nation's second-largest school district expected to strike again today, making it the sixth day. california democrat senator kamala perris running for the presidency in 2020. she proposes a tax plan that will cost $3 trillion over 10 years.

what are her chances we ask? ♪

ashley: in the last overcome her mercedes schlock, white house communications director says no solution nancy pelosi needs to come to the table on the border

and shutdown crisis. roll tape. >> the president has given a very reasonable commonsense proposal to deal with the immediate crisis we have on the border as well as immediately open the government. nancy pelosi is playing politics with the lives of our federal workers and was keeping our communities safe. there comes a time right now that nancy has to decide, and the speaker has to decide if she's going to come to the table. she has refused to negotiate with the president. do you have both medicare and medicaid? do you have medicare? and are you losing employer

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costs. so call a licensed humana sales agent today at the number on your screen, to see if you're eligible to enroll today. and say yes to getting the right health care coverage without having to wait for it. stuart: world today down to under 50 points. that's better than a 1% decline. weak housing numbers came out at 10:00 this morning. the market went down. then they came back up again and we are download today. anything to add to that? ashley: knowest the housing numbers. trade issues kind of hangover. stuart: say it again? chinese foreign minister says if the huawei cfos extradited to the united states it will negatively affect the trade talks. that's a negative for the trade talks. but the threat and down goes the market goods are to an abrupt

>> that's probably what it is. the problem there with trade talks, down goes the market. as for the shutdown, it's in his 302nd day coming up on a second missed paycheck for federal workers. tsa members, security people at the airport are really fed up. on sunday, 10% of workers were absent. that is compared to 3% on the same day last year. no end in sight for the shutdown. the tsa growing. in california, kamala paris announcing she's running for president. roll tape. >> i am running for president of the united states. and i'm very excited about it. i love my country. this is a moment in time that i feel a sense of responsibility to stand up and fight for the best of who we are and that

fight will always include one of the highest priority is our national security. stuart: she has a tax plan that would cost $10 trillion over 10 years or the right-hand side is larry alder and he's going to tell us whether senator harris is a real contender for the nomination. what you said? >> the answer is yes come a very real contender. very popular here. the district attorney in san francisco. ran for ag against the district attorney in los angeles. he even announced his victory on election night. he ended up losing. she's attractive, she's articulate. but i do have a caution. looking at her background, her father is from jamaica. her mom is a research scientist from india. a front-page article in "the l.a. times" described her as an african-american. if your mom is from india, your dad is from jamaica, how does that make you an

african-american. i'm just asking. not that it matters. i just find it fascinating. stuart: i don't have an answer for you, but i think she's running on the agenda. i think that's as big as a part of their tax plan, right? >> i'm sure. this is the era of women of color. the democrats are determined not to have two white men at the top of the ticket this time. she's going to be very formidable. joe biden as president and kamala harris says vp. middle america likes them. kamala harris will check the other identity boxes. i would be a formidable ticket against president trump in 2020. stuart: that's interesting. tell me about the l.a. teachers strike in its six school day. if they reach a deal and there's talk of a deal, who wins? >> well, taxpayers don't. i'm not sure students do either. i'm a fan of teachers. i'm not a fan of the teachers

union or the way the district was administered. the cast of schools educated 10% as educated and they do it for less money. there are about seven teachers for every one administrator in the catholic system. one administrator for every one teacher. so they are top-heavy with bureaucrats. the tensions are underfunded and said the money simply isn't fair and the results aren't there. when you look at the greats, i went to a school called crenshaw high school that was centered in the movie called boys in the hood years ago. right now, 3% of kids can do math at grade level. if you're responsible parent living near that school, do you send your kid to school were 3% of the kids can do math at grade level? we need choices and vouchers and it adamantly against that. stuart: well said, larry alder. thank you, mr. chairman. i was appreciated. see you again soon. owner of the northern spain said

the team was, quote, unfairly deprived of an opportunity to go to the super bowl. there is a clear pass interference penalty that was not called. coming up, hall of famer about that. he also wrote a book on investing tips for seniors. that need. i'm a senior. i won a best in the of famer and i'm going to get it. ♪ place, the xfinity xfi gateway.

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stuart: for or changes after officials missed two penalties on one play at the end of the nfc championship game sunday. ran stuart: the fame seems to be interrupted constantly by replay, video reviews, flags here, flags there. does that worry you? >> no. i like the idea that they review place to see if the referees make the right call n the case of new orleans this, is the worst call i i have ever seen in

game of any sport. it was clear pass interference. cost new orleans the game. two or maybe three referees were right there, blatant interference call, they didn't call it. because they didn't call it, new orleans didn't get to play in the super bowl to win the championship f that play is called, game over, new orleans wins. the integrity of the games of the national football league is in question. they ought to really look into this. that play should have been reviewed. it is wrong and should be righted. stuart: i'm a soccer fan. one of the reasons i like soccer is the know of the game, it is continue all. >> yep. stuart: you don't have commercial interruptions for commercial breaks or video replace, all that jazz. that makes soccer attractive game to watch, do you know what i mean? >> you know, i'm not a soccer fan. i am sure it's a great game to watch.

i love watching football. i played it for 18 years in the national football league. i love to watch the scheming offense, strategy, move the offense down the field, score points. to get interrupted by an official's call on a blatant situation. i can understand, there are calls, you know, the they are not clear. this was clear. stuart: you have written a book. >> you to clean this up. you have to have replace to make this not happen because new orleans, hard to get to a championship game. hard to win in the national football league. hard to get to the super bowl. hard to win a super bowl. i played in three and didn't win. i didn't lose because of calls of officials, we didn't play well enough. in this particular thing new orleans lost a chance to go to the super bowl. stuart: fran, i have to get to this real fast. you have written a book, safe and secure. 10 steps for seniors to protect against financial abuse. i'm a senior. >> yeah. stuart: give me one good way to

protect my money. >> you have to recognize you have a problem. this is problem today that is unbelievable and it is not only the professionals that are going after the seniors money but the family who think that money is their own. i put down 10 essential steps to build a wall around that senior to be able to protect that asset that he has so they can live their life in, how they are accustomed to. it is overlooked thing, senior financial abuse. this is 126 pages. it is all about how you can build that wall around yourself to protect your money. stuart: good. i will read it. and i will follow that advice pause i think you're on to something, fran, i really do. i thought it would be -- >> it's a big deal. stuart: it's a big deal. glad you pointed it out. fran tarkenton, thanks for being with us. >> thank you, stuart. stuart: come to see us. we have to check the markets. back to the big board. we've taken another leg down. at this moment we're down 293 points. now here is the news, the dak

drop to this decline. a spokesperson for china's foreign ministry said this about the u.s. asking for the extradition of the huawei cfo from canada to the united states. here's the quote. this case is a serious mistake and we urge the u.s. to immediately correct its mistake. that was her response when asked if the extradition could affect trade talks. seems to me, like -- ashley: they're asking the u.s. to back off. not bring, cfo, right, not the ceo. the daughter of the ceo, not to bring her back to the united states. this is a very clear threat, if you do that, then trade talks, any progress we make could be threatened. so i think that is why we're seeing market down 300. it could be a real fly in the ointment. stuart: downside move started at opening bell this morning, 9:30 eastern time, went down 100, 120 points. ashley: yep.

stuart: at 10:00 we received i would call pretty bad, negative news on housing. ashley: it was. 4.99, slowest pace in three years. stuart: existing home sales. ashley: existing home sales is such an important part. 90% of home sales. it is an important part of the economy. it is been slowing down six, seven months in a row now. this is more proof, if you like indeed the housing market is struggling. stuart: 40 minutes ago, literally just after the 11:00 hour, we got this news from china, and i will repeat it, the chinese foreign ministry is saying look if america goes through with its extradition, bringing the huawei executive from canada to stand some kind of a trial in the united states, if you do that, you extradite this young lady to america, that will seriously interrupt and it will be a threat to the china trade talks. ashley: very clearly. as soon as we got the comments the market immediately reacted so. stuart: of course, it could be that america will turn around

say, okay, let's make some progress. ashley: bargaining chip? stuart: we'll walk away. i'm not suggesting that has happened or will happen. but you never know. we'll see how the market closes. down 300 right now. neil, it is yours. neil: how would you like to be huawei though? they hired a new pr firm today to handle all this mess that should go well. thank you very much, my friend. we're looking at that and the prospects of a trade deal with china might have been pushed off the main rails because of this kerfuffle. we're on top of that and weakening economic data, 32nd day of government shut down in this country with no hope in the near term that changing anytime soon. we're getting used to flight delays. people not being able to close on sba, small business administration loans. to call on fha-related loans because of a shutdown. we're getting used to big ipos that have to park themselves for a while because