i think this will turn around and cloud will dissipate. a 3% year on gdp great to see you everybody. happy valentine's day and to you james freeman. >> thank you for the the donuts great to see you "varney & company" begins right now. stew take it away. >> share the donuts get that clear. >> we're bringing you a box. >> good morning maria, good morning everyone. i'll say it again, it seemed like this market just wanted to go up. january was terrific. february turning out pretty good too. and on this valentine's day until half an hour ago, it looked like we were going up some more. look at this. when we open a half hour from now, we'll be down 50 maybe 60 point on dow it was going to be -- an hour ago, a triple digit bane but then came retail sales figures for december. down 1.2% and stock market evaporated in news background a vote on 11 page bill to fund

government and avoid another shutdown "the wall street journal" says if there's a yes vote in congress, the president is likely to sign it. no doubt that is is a plus for stocks. and it is -- with with great joy that we bring you latest fox polls we'll get into it in detail in a moment but here are main points capitalism is vastly preferred over socialism. a majority wants the government to leave me alone. and nearly 8 l out of ten say they have achieved or on their way to achieving american dream that is music to my ears. and now an update on the cancelation of california's bullet train the federal government has already tbifn the project 3 billion dollars. what does president trump say about that? give it back -- [laughter] socialism not so great. the american dream lives what had a day. the valentine's day edition of "varney & company" is about to begin.

>> yes or no, do you think that massacre was a fabulous achievement? that happened under our watch? >> that is a ridiculous question and i -- >> no. no. >> i will take that as a yes. >> i'm not going to respond to that kind of personal attack. which is not a question -- >> yes or no would you support an arm ad faction that engagings in war crimes, crime against humanity or genocide if you believe they were serving you as interest as you did in guatemala el salvador? >> i'm not going to respond to that question, i'm sorry. i don't think this entire line of questioning is meant to be real questions. and so i will not reply. >> well said mr. abrams that was a heated exchange on capitol hill yesterday between elin omar and venezuela elliot abrams it

is rare to see that kind of personal attack. but that'ses what representative omar brings to congress. a lot more on this, throughout the day's program. lest look at your money. stock futures pointing lower to tune of 110 point now why is that? well retail sales numbers came out at 8:30 this morning half hour ago. and which showed a decline, down 1.2% in december. christina is that ashley is that what's spoofing market? >> it is weird because according to this report internet sales down 3.9% despite what we've heard from all of the big retailers, of course, including amazon, the brick-and-mortar stores down 3.3%, and a traditional, you know, your kohl's macy's all of those nordstrom all posted very disappointing sales but this number -- a 3. % decline in sales on the internet which i find interesting because we thought this was a blowout season for them but apparently not.

>> you join that they're putting those sales and those purchases on their credit cards does make for a little bit of a concern but, though, decategoryize we saw furniture sales are down. electronics, health care and then personal care. that's what is leaning -- >> i wonder what that does to fourth quarter growth numbers overall economy. >> well they're predicted what 2.7 a good chance to get that dragged down. one theory here is that markets were tanking ins december with a lot of talk about recession. could that have hurt psychology of the consumer that time? who knows. who knows but i'm looking at interest rates that is down to 2.64% that's the lowest in some time because of the weakness in retail sales. okay. we're going to move on. i'll tell you about fox news polls -- new i should say new fox polls to be perfectly accurate look at this. capitalism far more popular than socialism. 57% view it favorably 25% view socialism favorably come in,

former office chief economist, all right, now, this brought joy to my heart. and it is the exact opposite of what we're being told we thought that socialism was widely popular lism what's your comment? >> i've seen different resultses with different polls. probably a hard question for a lot of americans to get their heads around. certainly, the majority in favor of our system as it exist now is a positive. but you know, 57% in favor of the bed rock of the u.s. economic system is probably not, not a really inspiring number. i would like to see it -- >> that's interesting because you're taking the opposite point of view. look, any decline in favorable for socialism i agree with joy in my heart but i do take your point only 57% improve of capitalism, that i think ain't t number. move on toe this one same fox poll finds economic optimism

very high. 63%. that's pretty good. what do you say about that? >> well you show those numberses in your release over several years and 63 is an equal highest number over the period of i think it's about the last four or five years. that's -- or very nice. that's a good number. if we think about where we've been, you know, it's -- it's we have some -- >> you're killing me. some some risk. i came with fox news polls thinking this is pretty good. this looks pretty good to me. >> it is pretty good. kind of watering down a bit here. yeah. >> i would like to see at this point in this economy, you know we've got an unemployment rate that has dipped below 4% we're now at 4. there's a lot of opportunity out there. we would like to see people really sinking roots down in this economy and having a lot of

confidence. this is a good number. i would like to see it higher myself. >> me too. youssef thank you very much for joining us i know you came with us short notice we appreciate that. thank you so much, sir, we have this from the white house they're cracking down on chinese companies doing business in america. gordon is with us our china expert welcome to the program. >> thank you stuart is this all about 5g and chinese companies doing 5g? >> fifth generation of wireless communications it has dramatically increased capacity which means it will connect everything in your home. it will connect your car your pacemaker all 5g and if china control this is and back doors into their equipment is means all of the information in the the u.s. is going to be sucked into beijing to analyze and know about it and they're dominate the 21st century so we have to stop this. >> that is a sweeping order --

chinese tell come companies can't do business here. that's what -- is that what we're saying you can't come here and do business? >> if the president issue ors executive order but there's huawei equipment embedded especially in rural areas because huawei is so cheap because it stalls technology from t-mobile, you name it as well subsidies from the chinese government. so essentially what you've got is a predatory competitor and it realizes the importance of controlling communications. just to give you within example stuart. you know from 2012 to 2017 five years -- china downloaded all of the information in the headquarters of the african union it gave headquarters and put equipment in it and back doors. beijing knew everything that was going on. we don't want the same thing happening here. >> the executive order which is not been issued but when it is is it directed primarily against

huawei? >> it is china, and huawei does whatever the communist party want it is to do. we have a lot of evidence pointing in that direction. which means we don't want the communist party run aring our telecommunications networks. >> is this banning -- effecting the china trade talks? >> well it probably will because you know the chinese see everything that's kengted. and clearly, the extradition request that we put in for cfo in vancouver that's enraged china because they have felt you know they can't do this not americans but nonetheless it is going to effect it and a people have made connection between trade talks and huawei. >> do you think they're discussing it 5g huawei? is and all of the rest of it are they actually discussing that in his trade talks? >> i'm not there, stuart but i think that they probably are. because the chinese realize this is the future of their economy. so they're not going to let this go. >> okay gordon thank you very much for perspective we appreciate it. >> thanks, stuart. two dow components, have already

reported their numbers earlier this morning. cisco reported higher profit that goes down well the stock is up 3.5%s that a dow component remember so helping overall average. then we've got coca-cola not so rosy forecast. that's on trade, it is down 4% big drop for coke that will shave 14 points off the dow. when the market opens. so you've got cisco up. coca-cola down. okay both companies. check futures overall now we're going to be down about 77 points. okay, and that's because we've got rotten retail sales numbers for december. then there's this, disney releasing its first trailer for frozen 2. which hits theaters this thanksgiving. but it is already getting a lot of buzz. the first frozen brought in 1.3 billion now that is a record from animated film frozen 2 coming this year. bad news for johnson & johnson

supply with talc saying lawsuits could be coming both j and generic and supplier still say their product does not cause cancer. and we're going to have more on that heated exchange between omar and i want to know why she's in the powerful affairs committee why she's still there. more varney after this. earn 4% cash back on dining and 4% on entertainment. now when you go out, you cash in. what's in your wallet?

i really do want to bring you

more on that had heated exchange in congress yesterday. roll tape. >> in 1991 that you pleaded guilty to two count of withholding information from congress, regarding your involvement in the iran affair. for which you were later pardon by george h.w. bush i don't understand why members of this committee or the american people should find any testimony that you give today to be truthful. >> if i can respond to that -- >> it wasn't a question. >> on february -- >> that was not a question. that was the -- i reserve the right to my time. >> it is not, it is not right are. >> that was not a question. >> to attack -- the witness who is not permitted to reply. >> that was not a question thank you for your participation.

>> that is in the congress at the united states of america. joining us now congressman rob, republican from georgia. why is congresswoman omar still on the foreign affairs committee of the house? >> well, stuart we absolutely -- have the same reaction when we watch that video at the end of the day, though, it is up to the democratic leadership to staff that committee with the people they believe best represent america on the world stage. i don't know if they got that one right or not. we did see the democratic leadership come out and condemn the congresswoman that just this week -- for speech that was beyond the pail and i'm certain that she's more likely to take that constructive criticism from a unified democratic leadership. then she is from you and me as we have the reaction that we do to those. >> next we can tamper representative omar will take the podium, speak for the islamic relief usa organization. which has reportedly has

terrorist ties. and she'll share the stage with yousuf who praised killing of more than 20 jews. and she still on the foreign affairs committee. >> i try not to question the motive of my colleague. i don't have a relationship with the congresswoman. we've not met in her first 45 days on capitol hill. i respect the 700,000 americans who elected her and isn't her to washington, d.c. but clearly we can play a role here building bridges or we can build a role burning them down and i hope that -- as her freshman year continues, she'll take the advice a of the democratic leadership which is let's tone it down. and let's seek what it is that we can do together to address some really very real problems. >> there's going to be a vote i believe later on today on the border wall. there's 1100 page bill to keep the government running i don't think you read it all have you sir and can you tell us how you're going to vote in >> --

a lot of this is language that we have seen before in a conference homeland security so a lot is not new information to members who are here last year. but there is a lot of new information in here. and folks are are pouring through it right now, and not just at an individual member level. but they're pouring through it at the white house too but i'm optimistic by time it gets to rules committee this but we have to approve it we're going to have everybody having taking care of their section and i believe we have a pretty good product to send to president staff. >> congressman thank you very much for joining us this morning good luck to reading all of that stuff. thank you very much. >> i'll get become to it. >> thank you. >> take a look at a futures we're point down. loss of about 90 points for the dow industrials maybe 24 for the nasdaq. down day at least for the opening bell today and then we have measles outbreak, outbreak

i should say getting so bad that some kids get the vaccine even though their parents don't want them to. doc siegel on that, next. - my family and i did a fundraiser walk

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imt a report that december retail sales were down a surprising 1.2%. down goes the stock market. measles yes it is making a comeback. thanks to anti-vaccine parents, some kids, though, taking matters into their own hands dr. marc siegel doctor called you marc we understand there are some kids who are going behind their parents' becomes getting even though they don't want it. >> there's a kid named ethan who just turned 18 in ohio, that went head to get all kind of vaccines that his mother didn't give him before she looked up some on screen and said wow what are you doing because it send a message of courage. the whole problem here is fear. fear of vaccines, anti-vaccines watch out what vaccine will get you. a vaccine like the mmr measles mumps, and that has saved millions of lives. >> look, the measles vaccine --

eradicated measles are from the united states of america. it was gone. >> it was great there was not native home grown cases here as a of 2000. >> how it come back? >> around the world it still is 3 to 4 million around the world and travelers will bring it in like in washington state a kid from ukraine brought it in and the unvaccinated because that area personal exemptions in washington state where they don't want it and they don't have to say a reason or a religious reason. it doesn't have to be a medical reason and i don't any kid having it and in washington state clark kpght, the vaccination rate are is under 8 l 0% and since measles spreads like wildfire stuart, if you're not vaccinated you have a 90% chance of getting it. 90% if you encounter someone that has it. >> is this back to the discredited argument that vaccines create autism is that what it goes back to? >> i think you're right about that. yes are. it goes become to this idea that

vaccines can cause harm if the vaccines can cause autism. but guess what can cause harm. measles -- two to two out of a thousand kids will die from measles one out of a thousand get a brain swelling and larger numbers will have problems with development later on. it is not a benign disease. >> is there any sign that this outbreak in the northwest united states hasn't been contained? >> not yet. it is 51 cases so far. there's too many unvaccinated but we have regional spread in other areas in other words, in brooklyn there's some. in new jersey there's some. christina was saying that there's sol spread from israel to the united states, area where is it is not -- >> orthodox jewish community in williamsburg hit 17 children there and spreads through coughs and sneezing. >> that's right. it is a big rash everyone knows about rash but spreading from coughing and thesing you can have it and spread it to someone else. >> that's one vaccine which

children should have. ferlg at least we agree on that. >> we do doctor thank you good to see you, sir, no market down about 110 points at the opening bells on wall street. we'll take you to wall street after this. this is decision tech. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. (get-together, especially after ibeing diagnosed last yearto go with my friends to our annual

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all right opening bell will ring about a starts ringing now but we'll start trading in 12 seconds. about a few hourses ago we thought we were going to get at least 100 point rally right thered a opening bell market wants to go up that was what we were feeling. then came rotten retail sales numbers and we right now are opening lower. look at this. that's yesterday up 117 this is today. down 85 right from the get-go. a lot of red on the lngd left-hand side of the screen and right now after 20 seconds worth of business we're down close to 100 points that's over a third of one percent. how about the s&p now that's a broader base indicator that is down a bit more in percentage materials down .4% there. how's tech doing? well know from nasdaq it is performance in the early going shows, a loss down about one-third of one percent. so we are down across the board. two dow components reported earlier today. better profit at cisco. the stock is up 3.5% that's a

help for the dow. however, coca-cola going the other way came out with not so rosy forecast that thing is down a full 6%. that's a big drop for a company of that size. who is with me joel shy man is here. michelle returns, christina by popular demand and ashley webster one more time. look, 8:30 this morning. eastern time we get the number. retail sales down 1.2% market heads south and right now we're down 126. michelle is this a temporary blip? absolutely. because we need to remember what was december? we have the government shutdown markets were down nearly 10%. of course that affected sentiments so i would not get over either and say that market is going to head south from here. i think fund mental is fantastic to go higher and this is just a blip. >> joel what do you think is this a temporary blip down? >> i agree with michelle that i think you know market has been strong. i think that market is

overreangted -- in the fourth quarter, but last time we have something like this was 2002 where we have a bad december. and in the markets for the next two years went up 28% for the first year. after -- and then they a went up 19 for the next compound sod we can they're up 50% year to date i think we're more to go. >> i'm going to mention the fed i think this will also enable to continue to put the quote unquote normalizing rates on the back burner. smg which is good. good, positive for the market. >> but shouldn't interest rates are down this morning down about 2.63 so rates are down. >> shouldn't be concerned, though, when you have a car delinquency people aren't paying off their car debt you have credit cards that are increased more than even household savings so i think these are factors that we should consider for the long-term. we may go up on a high but really what had is the foundation of this economy right now? >> fair point to raise there chris nap the dow at this moment is down close to 200 points.

here's a -- look at this. it is a fox poll new fox poll that shows 63% are optimistic about the economy. now, 63% that seems like a pretty good number to me joel. >> nodded bad it was 52% in december so up from that. so why not, why not be optimistic things to be going well in the economy. there seems to be some optimism on china front so i think we're going to push 2018 high. >> so to summarize if you think this blip down at the moment is temporary are? the market really wants to go up and we'll resume uptrend shortly. >> remember that was december. >> especially with a china trail deal or agreement. >> you're right on the market you know what i mean? okay. right. now look i want to look at disney. they're just released a trailer for frozen 2. oh, let it go. >> frozen 1, that was a blockbuster with 1.3 billion dollars.

so more content for disney that's good. >> absolutely. ting might actually rival netflix right, the frozen 2 we're all seasoning it so i think that means something. >> well i have grandchildren. remarkably well. now streaming service so disney plus so an opportunity because they ended their contract with netflix. >> so frozen 2 gets on will get on -- disney presuming. >> there's a contest here netflix versus what is it -- what's a the other one disney, of course. you where remember they hit series breaking bad? s there's going to be a sequel and it will air on amc and netflix. >> netflix first. >> well said. the original cast member, aaron will star in this thing so looks to me joel that disney streaming service lining pup against netflix streaming service is the contest to win the giants. >> netflix is scoring well particularly in international markets and we have to remember that netflix is one of the strongest producer in the s&p 500 since christmas so their up

over 50%, and i don't see that going down any time soon. >> amazing how much time we spend talking about streaming. netflix -- >> these days. not even just within fast 24 hours reports that a is launching streaming service this april i've reached out to get confirmation they haven't responded but those are reports very soon. >> any idea what kind of stream service we're talking about? smg for a physical no but report one of the reports i'm seeing is that netflix and hulu won't be involved with apple platform. >> you have again i cannot confirm it it is just a report. >> i have to get into this streaming thing. i have to do it. check the big board now we're down 178 points the low of the day was a minus 205 i think now we're down 177. look at lower profit down two and a half percent. look at mgm i think that's the same story there. lower profits or not up to expectations they're down 7%. the price of oil not affecting the stock market this morning. it is at 53 bucks barrel.

the price ofs gas, not affecting the stock market, the national average is 228 all right. taking the key from fortnite launching tetrus19999 lets you against 29 other people. have i got this right? >> vee yo metric game remember the tetris but like a game of survival you go and play and a 99 players you want to be the last person stapgding could it pick up as much as fortnite i don't know. >> selling off a nintendo. it is interesting kind of like this -- battle royale kind of -- scenario. this so popular where you jump in and you all play and it last about 30 minutes. whether it can even rival fortnite i'm unsure. >> joel has a look to straighten me out about this. [laughter] just yesterday i'm a professor of a college just yesterday i asked one of my students creating game she's got 300,000

invested in her game and spent two years developing this so i asked a student like how many hours do you spend playing gameses? you would not believe the answer. some of them play up to 40 hours a week. right 40 hours week. i asked -- [laughter] that kind of a hastings from netflix made a joke on conference call saying biggest competition is fortnite but netflix. >> i spoke to a active gamer who said, it is all about the goodies that you get is you're playing plunge so they like to compete against others and -- and fortnite is one it is a battle other one is a building block and people have to remember when these people are are paying 30 to 40 hours a week they're playing two or three games so switching cost of hundreds of thousands of gaves is not trivial from one game to another takes a lot of energy for someone to shift. so i don't think it is going to be that strong for tetris are. >> now i know all about it.

all right. all right. look at j&j johnson & johnson key supplier of talk used baby powder or they filed for chapter 11 that was a talc supplier down just a cent virtually no change. what's with this? >> marie they have to file for bankruptcy, so many so many games cleans them 14,600 suits now, they've had some big awards which -- against them which j&j has appealed but at the some point they have no choice so they've gone into chapter 11 to negotiate perhaps with the plaintiffs in this case to see whether they can settle it. but it is claims that it calls talc cause ovarian cancer, and -- >> statistical argument -- of that it causes cancer not a medical scientific -- >> no. but jury awards have the no been good for talc company at all. >> what a mess.

what a mess. >> poutedder -- one thing sales causing boeing rival, that's airbus their ditching the a38 that's the superjumbo plane. i guess it is good news for well it has gone up because they've ditched what is a plane that -- you know, haven't got a market for. this is all a about long haul travel. and engines you can get a two-engine plane to take you from newark to singapore cheaply why do you need a four engine jumbo you can't sell seats so they cancel jumbo have i got it right? >> you have it -- [laughter] michelle. set me straight on this. >> you have it right. [laughter] wants to be more profit l that's what's happening so i'm less kivel in my international travel but -- >> 380. >> no i haven't. have you ever? >> it has flown hasn't it? >> i believe so, yes. a dreamliner which is a wonderful plane. >> i have flown that too. boeing is boeing up this morning? i can't --

>> airbus is up. when they have it. but it is down -- yeah. small peanuts. >> it is 9:40 all right. all of this time talking about electronic games. >> you have. >> next time i promise we're going to spend mirror time on this program bring student of yours with 300,000 dollarss in a video game. i would like to see this. >> okay. okay. thank you joel thank you michelle moving swiftly along here check that big board we're down 180 point this is almost entirely due to the decline in retail sales in december. then we've got bill gates says he doesn't deserve to be worth 100 billion dollars. and he thinks he should be paying much more in tax. if gates wants to pay more, why doesn't he just write a check to the treasury? cash it -- it my take on that, coming up, top of the 11:00 hour and president trump wants california

to pay back the three billion dollars it got from the federal government to fund a high speed rail project. question, will the president see a dime of it? that's a good question. we'll be back in a moment.

good morning it is a down day, we're looking at a minus 177 as we speak that puts the dow it at a 25,300. we have jpmorgan rolling out the first crypto currency backed by a significant big u.s. bank. christina, i would have thought this crowds out the bit coin of this world. >> there are so many it's incredible to even dog coin like

coin by jpmorgan the fact that it is backed by a big bank like you said as credibility it is called or just -- dubbed jpm coin, and it is not for everyday users right now for institutional investors they can use the coin. the report that i'm seeing says that it is keeping it now fixed value redeemable. just at so for every coin it is one dollar too so it is hepping the investors a bigger guy use it to trade between them and lower cost and eventually if that work out then you can add it to average user. however, it is banks get in wouldn't that defeat whole purpose of having no major oversight and no government because that's the platform that cryptocurrencies tbriew on. >> but you get accountability. >> i agree. but then you have people that were attracted to that for the first place because there was no government involvement. and now you have the big banks that do have some type of, you know, feedway with -- oversight. exactly oversiewght from the government. >> true. but with existing crypto i can lose my shirt and disappear i have no access to it whatsoever.

>> but you can make money -- green new deal and we love covering this. we're going to find out who supports it. it is radical environmental socialism. we're going to find out who support it is because mitch common will force a vote in the senate and senator republican of ohio joins us now can i ask you to speculate -- [laughter] you may or may not want to do it but may i ask you how many yes votes do you think it will get in the senate? >> gosh, you know, i don't know. because we haven't seen what had the details are. and when you listen to the -- resolution as they call it, i don't think it gets many votes at all because it would raise prices considerably for families i represent across ohio. but 80% of our of ohio is generated by fossil fuels we're making progress on reducing emissions by the way e motions in united states of america are the lowest they have been since 1992. so we have quietly made progress

while other countries have sort of pounded their chest made a big deal quietly using more energy efficiency you know doing things that actually reduce the carbon footprint as people call it. so -- i -- i don't know i think this is on sit direction. >> i guess i ask the question because i think this resolution that there's going to be a volt on i honestly think it is embarrassment for the democrats. >> well i think that's why mitch mcconnell like to bring it up for a et have and few votes for it. because i don't know what the language will be. i've heard all sorts of things that global income idea is nothing to do with the green new deal really but it's about guaranteeing an income. there's a notion about people being unwilling to work who would benefit so it depends what they actually put into the language. >> you appear to be almost speechless senator when talking about the the green new deal. so -- >> it doesn't make any sense. it dupght, so we can't do make

sense so let's use the market to reduce emissions by the way again is going on we've gotten energy efficiency bill that would be equivalent of taking about 20 million cars off the road in ten years republicans and democrats are like or for that more efficiency is good for economy and good for businesses that plug into your show about and watch you because they can be more xettive globally which in japan, europe and ore places with energy efficiency so thingses that you can do that make a difference. >> yes. president trump is -- [inaudible conversations] right president trump tweeting on the california bullet train here question go. california has been forced toen ka sell the massive bullet train are a project after having spent and wasted many billions of dollars. they owe the federal government three and a half billion we want that money back, now, whole project is a green disaster. do you think the president gets his money back? so much is going through

permitting and so on i'm surprised hi tweet didn't say i have a use for that three billion it is called a border wall. >> exactly. real are fast let me move on to this, this deal -- scheduled for the vote i should say. schedule for later on today on the deal to keep the government running. i believe you said earlier that it will get a 60 vote that it needs in the senate. will it get the 60? >> i think so. i mean, again, don't know what's many it yet because at the last minute sometimes people try to put things into these large pieces of legislation i hope no one does that. let's keep this as clean as possible. we do need to fund the priorities at the border and by the way, border security should not be a tough issue for us it address there are opportunities to strengthen border security where we agree including barriers always been something democrats have supported in the past. but also more cameras, of course. you want better screening at the port of entry so if there's more border protection, and we've

pass the other appropriation bills agreed to on a bipartisan basis in senate at least, i think it will get more than 60 and more than 70. >> senator portman we've been all over the place this morning and we've gone and appreciate it. >> always thanks for taking time out. appreciate it. here we go. fresh tweet from president trump. quote ashley read it he says it is good. disgraced fbi acting director pretends to be a poor little angel, in fact, he was a big part of the crooked hillary scandal and russia hoax a puppet for ag it was devastating part of insurance policy incase i won. looks like a part two is coming. we'll bring it to you when he send it a part two of the the tweet i guess. the president is referring to mccabe telling "60 minuteses" that he and a deputy attorney general rosenstein discussed involving 25th attempt after the

president fired james. very complicated stuff but looks like the president is on it. check the dow down 00 points or for the dow industrials. it's a sea of red lngd side of the screen now down 204 that puts us back at 25,300. there's a new flower delivery company well look this is valentine's day. it has a plan to save you money. today, valentine's day by buying fewer roses. they're going to explain whether that works and whether or not you want to get fewer roses. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. ♪ ♪ our new, hot, fresh breakfast will get you the readiest.

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yes it is valentine's i day i hope you haven't forgot an new flower company which is saving you money by using fewer red roses. on valentine's day meet the man himself that's goldman here with urban stems have i got that right. urban stems. >> that's right. now i don't have got two vases of valentine's day flowers. i can reach across this one e here -- okay that one how much is that? >> 149 including this beautiful vase. >> how much are other one? >> 95 you have to add the vase? >> awe, so reason for the discrepancy in price is, that other one the cheap one 95 bucks doesn't have as much red roses. >> yes this one is also created

with our vogue collection. a great partnership for us. >> okay. okay but basically red roses minus red roses that make it is cheaper. >> yeah. res rosingses price goes up significantly for valentine's day. >> is that your selling point? >> no. selling point is really our customer experience. we think about the customer, the entire way we source the flowers directly from farms, we bring them into the country. we hand deliver them in cities like new york and a washington, d.c. >> okay. am a i right in saying that flowers on valentine's day usually go from a man to a woman? is that right? >> usually. that's how many from women to men? >> i think it's as much as 15% of our orders is valentine's day. >> that's it. >> wait women to men? >> i'm sorry women to men only a couple of percent. how much from men to women? >> men to women is about 75, 80%. where do red roses come from? >> from south america and occasionally who'll land. >> fly flowers in federal

governmentably. >> yeah. jam a 747 with roses? valentine's day there's a plane i think almost every hour bringing them in. >> you're kidding me. seth goldmaning that intriguing. you're with urban stems that is your company. correct? >> i'm ceo yeah. >> ceo. well done. thanks for coming with us on valentine's day leave those behind please we have people who love to use them. >> i can't -- >> thank you, sir you're a great man. all right thank you. we have a series of shall i say incidents tarnishing and splitting the democrat party. i think the part a of leadership has lost control that's my opinion. you'll hear more about it at the top of the hour.

. .

stuart: series of incidents has tarnished and split the democrat party. their leadership has lost control. that is my opinion. this is becoming a big political embarassment. representative ihan omar has made anti-semitic comments. she wants a boycott for israel. she sits on house foreign affairs committee, used her position to attack our envoy to venezuela. roll tape. >> yes or no, do you think that massacre was a fabulous achievement that happened under our watch? >> that is a ridiculous question and i -- >> yes or no. >> no.

i'm sorry, mr. chairman -- >> i want. >> i will not respond to that kind of personal attack which is not question. >> yes or no, would you support an armed faction within venezuela that engages in war crimes, crimes against humanity or genocide. stuart: next week representative omar will speak at a dinner sponsored by islamic relief usa, which support radical islamist organizations. she is split the democrat party. there is new jersey senator bob menendez embarrassed by a question about the green knew deal. he wouldn't answer. he threatened to call the police. and there is chronic embarassment of the, about the green new deal itself. this is the fantastical plan submitted by alexandria ocasio-cortez. four democrat presidential candidates support it. you know, inspect and upgrade every building in the country.

no no, sir sill fuels in 10 years. well-paid benefit rich job guaranteed for all, paid for by printing money. fantastical. they will be hammered on this right up to election day. one more. congresswoman gwen moore, democrat, wisconsin, utterly dismissing prosperity. roll it. >> my good friend and my good colleague, mr. lahood waxed on about the health of the economy. it is growing faster than ever. gdp is great. unemployment is at an all-time low. african-americans are doing well hispanics are doing well. wages are rising at the fastest pace in 10 years. blah, blah, blah. stuart: blah, blah, blah. i will let the congresswoman contempt for trump era prosperity speak for itself. the democrats have a dilemma.

how do they keep the party together? anti-semites and jewish voters, capitalists whatever remain in the party, climate change extremists coal miners and oil people. me too people, virginia's lieutenant above. avoiding a split is not the only dilemma. they have to deal with the embarassment of extremism. the second hour of "varney & company" is about to begin. ♪ stuart: it is thursday, 10:00 eastern time. that means mortgage rates. ashley: i love this time of the week. every week. actually it is quite interesting. 30-year fixed mortgage, freddie mac, down to 4.37%. that is the lowest in over a year. it is down from 4.41% last week. now, cooling inflation, slowing global economy, bringing rates down, combined combined with a y

strong job market in the u.s., 7.3 million job openings, all of that is hoped it will give a nice pickup to the housing market which has been struggling. stuart: 4.37? ashley: yes. stuart: on a 30-year. ashley: that is a good deal. stuart: sure is. yes, sir, it is. >> yeah. stuart: back to my editorial. i want you to listen to senator bob menendez' reaction when asked a simple question about the green new deal. roll tape. >> why is that? >> you guys are trash. >> so we're on the subway, not being here for two minutes. i'm wondering why you won't answer questions on the green new deal? >> i won't answer questions of "the daily caller" period. you're trash. >> why do you think we're trash, sir. >> oh, my god, please. >> i just started. i'm an intern here. >> don't keep harassing me. i will report you to the capitol police. >> thank you, sir. i appreciate it. stuart: catch the end there. don't keep harassing me i will race to the capitol hill police.

joining us kristin tate columnist at hill. your reaction. i know you heard you have all of that. >> pretty incredible stuff, stuart, i agree with your editorial completely. back in the days of jfk, even bill clinton the democratic party was the party for many working class, blue-collar americans but not anymore. today it is the party of open borders, late-term abortions, just flagrant socialism. these extreme left-wingers like aoc have completely hijacked the party. these are people who hate wealth creation. they hate capitalism. they love promising free stuff. now moving into 2020, this agenda will probably work pretty well with a lot of naive young voters, people who live in deep blue parts of the country, but it will backfire terribly with moderates and blue dog democrats. the same people who used to make up the backbone of the democratic party. moving into the election, all the democrats really had to do

was kind of act reasonable and not be completely insane and probably would have done pretty well. they just can't help themselves. stuart: kristin, as a political tactic, although you oppose it vigorously, the green new deal, you must be cheering it on, because you want the democrats to be out front with the green new deal. as a strategy you're cheering it on, aren't you? >> absolutely. you know the green new deal itself is terrible but i'm glad that it has exposed the fact that the progressive wing really gripped the heart and soul of the democratic party at this point. aside from sherrod brown in ohio, i think nearly every single democrat in the senate who is a potential or declared candidate for 2020 cosponsored the green new deal. so mainstream leftism has become extreme leftism and it is not going to may out well for them in 2020. the only really saving grace the democrats is the mainstream media, of course consistently

tries to portray republicans as extremists. stuart, i got to tell you i don't think that is working anymore. i have a lot of friends, working 20 somethings, used to be anti-trump, passionate democrats who are becoming dishe will solutioned by the left's messaged. stuart: that is interesting message. thanks for being with us. good stuff. see you soon. >> thank you so much, stuart. stuart: we better get back to your money. the market is done today, following a big drop in retail sales in the month of december. dow is down 150. nasdaq holding a mine or league loss, june nine points. jason rotman returns to us now. he is our market watcher today. jason, is this downside move just a blip? i tend to think the market really wants to go up. i think this might be a blip. what say you? >> i agree with you, stuart. listen, there has been a lot of bullish factors poking their

head out very recently. this is a basic knee-jerk reaction to a b-grade economic number. retail sales is important but the way i look at this specific number, yes, the worst in nine or 10 years but you have to look at the context, the environment. listen, after holiday spending people cooling down a bit in january. people pulling back a little bit during the shutdown. lack of confidence. this is not permanent. this is temporary stuff. china came out with very, very impressive import export data yesterday. boosted the futures overnight f the nasdaq is down less than .1%. it is not a big deal. it is kind of a wash type of day. i wouldn't be too concerned. stuart: i follow your stuff, jason. i know you like alibaba. >> i do. stuart: we think of it as china's amazon. full disclosure. i bought alibaba, bought shares sometime ago, i am a holder. >> yeah. stuart: you like it. it goes above where it is now,

168? >> i do, literally on your show over the past couple months, especially since that december 24th global melt down, listen i think this is a absolutely phenomenal, i would even say value investment. it doesn't have a pe of 10 obviously. but listen this, thing was at two 10 a few months ago. the world hasn't changed too much. it is down 20, 30% from its highs. institutions are all over the stock. i see this as a extremely safe investment going forward. i do believe, not next year, over the next three to five years you will see alibaba at 500. stuart: oh, okay. you're supposed to put the good stuff right up front. we'll take that, jason, as owner of holder of alibaba, i appreciate your comments. jason, see you again real soon. thank you, sir. >> my pleasure. stuart: check the big board. we're coming back a bit. we were down 200. now we're down 140. we're still down a half

percentage point. two dow components. cisco, higher profit, the stock is the best level since december of 2000. coca-cola, predicting lower sales. slower sales growth this year. that is not good for the stock. it is down 6.7%. that costs the dow about 16 points. it's a dow stock. by the way, pepsi, falling alongside coke, it is down 1.3%. let's have a look at big techs. you have to check these things. that is where the money is going. only one winner, apple at 170. facebook, 163. alphabet, 11.22. microsoft down 10. speak? kristina: quick optimistic comment. sales are low for december, right? maybe this is a sign consumers are shopping in november with black friday sales. stuart: could be, yes. kristina: that we're seeing a just a shift in pattern. stuart: interesting point, thank you. we'll have much more on

congresswoman ihan omar. she made anti-semetic comments and warning america, saying no interfering in venezuela. she sits on the house foreign affairs committee. why? we're on it. stuart: microsoft reportedly picking out the news you need? could call that censorship maybe? does big tech censor what we see? a fair question. ashley: yes. stuart: we cover the exploding world of the gaming industry. one company putting 150 million bucks into it. they want to fill arenas watching people play videogames. 150 million? you're watching the second hour of "varney & company." ♪ what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums.

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stuart: now the market has come back a bit. we're down 119 points. 117 now, larry kudlow, senior advisor to the president, came out and told reporters that the bad retail sales numbers for december were largely because of the government shutdown. so he is explaining the bad retail sales. the market has responded by coming back a little. how about blooming brands. bloom inch, there is no g on the end. parent of out back steakhouse. they beat estimates. nice gain, 8% higher for bloomin

in' brands. heated exchange between democrat congresswoman ihan omar and the u.s. envoy to venezuela, elliot abrams. watch some more of it. >> in 1991 you pleaded guilty to two counts of with holding information from congress regarding your involvement in the iran-contra affair. for which you were later pardoned by president george h.w. bush. i fail to understand why members of this committee or the american people should find any testimony that you give today to be truthful. >> if i can respond to that -- >> it wasn't a question.

>> i, that is attack. >> that was not a question. that was, i reserve the right to my time. >> it is not, it is not right. >> that was not a question. >> the committee can attack a witness who is not permitted to reply. >> that was not a question. thankthank you. for your participation. stuart: that is in the united states congress. general jack keane, is with us, fox news senior strategic analyst. general, should representative omar still be on the house foreign affairs committee? >> i was surprised that she was put on the committee. given the lack of experience, but listen the democratic leadership, can decide what they want to do. certainly, some kind of sanction given her anti-semitic comments that were made, i would thought they would have likely done more than what they did with her. but the democrats are in charge of their own people. here is what, here is what we're dealing with unfortunately. stuart: she wants to boycott

israel. she wants to divest from israel. she wants to isolate and have no contact with israel. that is what she is pushing for. now, as i understand it, america and israel have a pretty good military relationship. there is a strong exchange militarily between the two. how do you feel about that, as retired four-star general? >> well the strongest relationship we have with any country, other than the united kingdom, is with israel. the strongest intelligence relationship we have certainly is with them. we look at the same screens together. we assess the same information. we exchange our analytical conclusions. we could not be closer than what we are with israel. certainly this administration, much more than most, even previous administrations that were supportive of israel, the israelis would tell us they have

never had an administration so strongly in support of them, what they're trying to accomplish. stuart: so how would you feel about the boycotting and divestment from israel? >> well, i don't agree with any of that. it doesn't make any sense. the israelis are standing shoulder to shoulder with us to stand up against radical islam. they're standing shoulder to shoulder with us, to stand up against iran's maligned, aggressive behavior. as a matter of fact, nations are meeting in poland as we speak, to deal with iranians aggressiveness in the middle east. i know this administration, it is trying to stitch together, stuart, a political military alliance in the middle east. called middle east strategic alliance, mesa or mesa, to actually confront the iranians in more holistic way than what we've been doing. israelis probably not officially part of that alliance, will provide a awful lot of

information in terms of being able to confront the iranians? stuart: i was shocked to see that appear in the united states congress. general keane, thanks for joining us as always, sir, see you soon. >> good talking to you, stuart. stuart: yes, sir. former acting fbi director said there were serious meetings over removing president trump from office using the 25th amendment after the firing of james comey that is. very complicated stuff. judge napolitano is with us. he will sort it all out. check out the big board again. we've come back a lot. we were down 205. now we're down 97. back in a moment. ♪ - i think the best companies succeed as a team,

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stuart: former, here comes the judge. former acting fbi director andrew mccabe says he ordered an obstruction of justice probe involving president trump and his ties to russia. got it. i'm not sure i understand it. i got it. all rise, judge napolitano is here. make me understand the significance? >> he actually ordered a national security probe as to whether or not the officials of the russian government had undue influence on donald trump or inappropriate information for a foreign government to have. stuart: okay. >> that is a very easy investigation to order. it does not require evidence of crime. you just go to the fisa court saying so-and-so is talking to so-and-so, give us a search warrant. it's a form of soft corruption where the fbi can start any national security investigation it wants with tools fisa will give it, gather criminal evidence it would otherwise not get, move it over to the

criminal prosecution, go after the person. translation, it's a form of soft corruption which allowed them to attempt to undermine the president sy of donald trump. we're talking about the investigation. we haven't gotten to the 25th amendment yet. stuart: all right. >> under the guise of does very too many friend in russia? is he doing what putin wants him to do? they commenced whole thing, morphed it into a criminal investigation and gave it to bob mueller. stuart: that is how it got rolling. >> yes. stuart: the deep state hate the trump, wanted to undermine him, took the soft route, easy route to investigate him? >> out of the mouth, for better or worse the person who orchestrated this. if he is telling the truth to scott pelley, we can watch when they run the whole interview. this is an admission. stuart: an admission of? >> to dislodge the president of the united states. stuart: yes it was. >> the 25th amendment, they

can count all noses in the cabinet, the absolute exercise of the amendment is the vice president. if the cabinet unanimously said the president is deranged, can't serve anymore, does nothing without the vice president going along with it. they know that the question is, mike pence is in poland, did they ever approach you on this this if they did, did you tell the president they approached you? i can't imagine they approached him. his loyalty to the president is legendary. stuart: we've got to go, oh, what a tangled web we weave. >> indeed. nice to talk to you about something other than taxes. [laughter] stuart: fired up about that. let's not go there. >> pleasure. stuart: this is for you. bill gates was asked, if he deserves the 100 billion-dollar fortune that he has. >> oh, boy. stuart: he says nobody does. he says, he should have had to pay more in taxes. >> oh. stuart: i say he is free to write a big check to the government anytime he likes.

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♪ love, love me do -- stuart: this is the very first hit single, 1962, 63 for the beatles. i remember when it first came out. a girl named christine smith, nudged me, they're playing beatles in the gym. a little history there. check the big board. we're down 100 points. we had down 205. larry kudlow, he says the drop in retail sales in december is a glitch and he blames it on the

government shutdown. that helped market come back a bit. jpmorgan, lowered its growth forecast for the fourth quarter to 2% even from 2.6%. that is all factored into the market. big tech names, only one is up this morning, that is apple at $170 a share. amazon, facebook, alphabet, all down slightly. put it like that. now this, cg 42 is a management consultancy group. they found that consumer trust in big tech companies like facebook an amazon, is down, not a very high level of trust. joining us now, stephen beck, cg42er in and and founder. stuart: you said facebook is down 4% that seems like low number. >> that is driven by range of bad news, after bad news they

had in the course of last two years. consumers saying i don't trust this company to be good steward of my privacy, a good steward of my data it is affecting user statistics. user statistics over this same period are trending down in the u.s. stuart: if only 21% of people trust them, would i have thought that the users dropping off other discontinuing use would be much higher. only 21% trust in this? >> while you're right, the three things that are really coming together to create a swirl of problems for facebook, as you look forward, is both the distrust as well as discord and disinterest. the disinterest part is the perhaps the most troubling. if you look at the, when you dig into our statistics, you see that amongst younger people, younger people historically didn't care as much about privacy. they look a lot more like older people in their attitudes now.

the groups come together and ultimately, it is the young that are moving away from facebook in greater and greater numbers. stuart: let's look at amazon. you say 49% trust amazon. find them trustworthy and honest. wait a minute. almost everybody uses amazon and only half the people trust them. that is a contradiction to me? >> it is. and you know, a lot of the, so first off, let's be clear, right? amazon has similar privacy issues to the other major tech providers, yet, consumers give them the benefit of the doubt and one of the reasons consumers give them the benefit of the doubt, basically somewhat lack of understanding of the breadth of what amazon truly is. when consumers think of them as a retailer, they say, well, you know, look, what is my risk here? of course the retailer wants to sell me products. the retailer only see what is i put on their site.

what the consumer doesn't understand though, when you think about amazon web services, when you think about alexa, the most successful home surveillance device ever sold, and when you think about their latest acquisition of erow, all of sudden amazon's view into the average consumer's behavior is radically greater than what the consumers believe it to be. so we would expect that over time you'll see see some of the amazon numbers come down as well as consumers start to become more aware of how pervasive amazon is truly in their lives. stuart: stephen beck, this is fascinating stuff. thanks so much for bringing your research to us. we appreciate it. >> thank you, stuart. stuart: now this, i got a headline for you and it is from "the daily caller." the headline reads, microsoft wants to pick the news you read. the author of that headline joins us now, hamid dillon, republican national lawyers association board member,

frequent guest on the program. harmeet is microsoft censoring me like others censor me? >> yes. microsoft is a little late to the game, part of their new edge browser which came out in 2015 meant to replace the microsoft exployer, they have a news guard they can turn on. this is sensor on the news search engine, it will have a pop up that tells you whether they have a green check mark or not. the, the usual suspects in big media on the left have the green check mark, for example, "rolling stone," which has had a big scandal in its reporting about a rape crisis on campus. "huffington post," buzzfeed which is notorious for its anti-trump bias in it is reporting and others. you know there are some

mainstream sources there as well but the way they go about censoring people is very interesting. they go to each individual news out let, they ask them who are their investors, who are their donors. really drill down and ultimately many news outlets are actually afraid to criticize microsoft. it is interesting that i did, send this piece to a few different outlets. "daily caller" was one that stepped up corageous enough to publish it, several others said we don't want to criticize microsoft and news edge, we are afraid they will downgrade us in their ratings. stuart: second back a moment. you can't just put anything on to facebook, google, gmail, you just can't just put anything on there. there has to be a degree of censorship, you can't put child important if -- white pornograpy on there, there hags to be a degree of censorship.

it is your point, conservatives who are censored out a liberals who are allowed in, is that one of points? >> that is one of the points. it isn't really liberal or conservative. it is establishment versus anti-establishment. news media organizations in new media world which rely on investors as opposed to old media organizations like "the washington post," "the new york times." there are likely be the ones a censor i see where your money comes from, people we don't like. some of the censors for this organization news guard microsoft is using invoked southern poverty law center for example, well, southern poverty law center calls you a hate speech purveyor. we'll put in that in our little rating for you. southern poverty law center is a agenda paid out defamation awards for negative reporting this is a, this is a very biased and likely to be abused

endeavor, but, disguised as something reliable. microsoft has got a good brand name. people will look at that. so i think it is very dangerous and consumers do not really understand the whole agenda that is behind the sensors. stuart: you're right. i'm a shareholder of microsoft. thank you very much for bringing this to our attention. we appreciate it. >> got it. stuart: harmeet dhillon, always a great guest. appreciate you being with us. >> sure thing. stuart: the feds cracking down on the annoying robocalls. they want the major phone companies to help. tell me more, kristina. kristina: the number one complaint to the ftc. in november the ftc went after wireless distributors, if you don't crack down on robocalls, we'll come after you. yesterday they went after them again, giving them a warning letter. simplify it for that case. two things they need to do. they need to create authentication systems. so for example, you get a

robocall, you see a local number, more likely to answer, most often that is spoofing because they will change the phone number. ashley: right. kristina: the fcc wants wireless agencies fixing the i.d., so it's a legitimate company that is calling you as opposed to these fake scams. if they don't do it within the next year, they could face financial repercussions. stuart: somebody has to do something to stop it. ashley: every day. kristina: last year 30 billion. it went up 19% in 2018, these robocalls. stuart: i never answer the phone. ashley: never. >> don't answer it. you can't. now this, "fox news poll" says more people favor capitalism than socialism. but if you really break the numbers down, the support for capitalism could be a whole lot stronger. i put it to the rnc's kayleigh mcenany, next hour. first we're talking e-sports, gaming. one company putting 150 million into it. like those arenas filled with people watching other people play games.

150 million into that. we got the people. ♪

♪ ashley: ohio senator rob portman

says if congress cannot reach a bipartisan agreement on border funding they can avoid a government shutdown. roll tape. >> border security should not be a tough issue for to us address. there are so many opportunities to strengthen border security where we agree including barriers which is always been something democrats supported in the past, also more cameras, of course. you want better screening at the ports of entry. if all that is in there, stuart, there is more border protection, we pass the other six appropriation bills agreed to on bipartisan basis in the senate at least, i think it will get more than 60. i think it will get more than 70. ♪

stuart: this is a subject we cover a lot on this program, that would be e sports, gaming. we cover it a lot, because it is exploding. the global e-sports market is expected to surpass a billion dollars this year. that is e-sports, that is not just video games, this is just the sport of playing it. a billion dollars would be 27% increase for the previous year, thanks to the help of brand sponsorships, okay? let me have a look. on gaming, black ridge acquisition group is spending

$150 million to bring together some of the big names in e-sports, professional poker, to start a new e-sports company. joining us is our game international, and ken from black ridge acquisition corp. ceo. frank, to you first, $150 million going into the production of e-sports? how are you going to get your money back? >> well, you know, we are trying to do in the infrastructure a platform for the industry. i think, esports play is different from other folks in the industry today. we're trying to create an ecosystem with three pillars. first properly network around the world off dedicated e-sports arena. we built one in vegas. stuart: you have a network of arenas. what else as you got? >> yes, what you guys do here, we create content. these are studios, we create e-sports content and distribution platforms to

distribute the content. on top of that we create an online service can monetize from the audience, funnel the audience from the content to the new online services designed for gamers for e-sports fans. stuart: i admire your idea, funnel the money to the consumers. that is what we like on this program. we like success. we like profit. it is not a dirty word to us. hold on a second, frank. >> all right. stuart: ken? >> yes. stuart: what is about poker? >> the poker is the strategy. "the world poker tour" is been around for 17 years. we're deploying the same strategy. stuart: you're not producing games. >> we will use their expertise and deliver and distribute content. they host life events around the world, 65. we'll do in the flak ship arenas. this is about the size of the opportunity. 2.2 billion gamers locally. more folks viewing e-sports last

year than the nhl, the nba combined. the size is huge. stuart: i will sound ridiculous here, are you sure this is not a passing fad? >> train left the station. my son is watching ninja play fortnight every night. 2.2 billion gamers, 400 million viewers last year, it will grow to 550 by 2021. this is real. it is a matter of monetizing the opportunity. stuart: frank, am i right it already exploded, taken off in asia, in particular? >> it is huge. here we have twitch, which is huge. we have hundreds of millions of viewers on that platform. but in asia, we have multiple platforms like that. so, it's hard to imagine actually. stuart: tell me again where did you get your money from? >> well -- stuart: is it from viewers inside of the stadium, paid money to go to see it? >> there are multiple ways of getting money. of course number one, from

sponsors, like any media we create content. of course we have that. a lot of major corporations want to get into e-sports, not because they are excited about e-sports. because they want to reach the audience. this is huge. stuart: i love it. >> reach the audience. yes. stuart: that is the meat of this thing, lad. very good stuff. very good stuff. >> we on top of that we'll offer online services to gamers to enhance experiences. that is what we plan to do right now. stuart: look down the road five years, how big? if it's a billion dollar e-sports business now, how big is it in five years? >> my guess, it should be five to 10 billion easily in five years. stuart: your guess, ken? >> i agree. we'll put the $100 million of capital to work from the spac, grow the property network to 40 next couple years. this is a multibillion-dollar company. stuart: we love success on the program. we love it. frank, ken, thanks very much for joining us. >> thanks. stuart: drone sightings shutting

down a couple airports in the next couple weeks. new rules could be imposed to curb that threat. we have a list for you. check the big board. we have come back. we were down 205. now we're down just 100 points. back in a moment. ♪

stuart: all right, we're down 100 points on the dow industrials. the first down day for a couple of days. we're at 25,400. that's where we are. now as you know, if you watch this program drone sightings earlier this year temporarily shut operations at london's gatwick airport and newark airport as well. our next guest is sounding the alarm for these drones. he says at the could be used as weapons for terrorists. michael balboni, former director of homeland security is with us now. state of play, what are we doing about this threat? >> faa came out with a proposed regulation that will essentially help identify drones with markings on the outside and lights at night. there has been a progress to regulate drones. the faa sees drones as aircraft. they say don't disrupt any

aircraft. stuart: so we don't have the regulations in place yet, do we? >> no, we don't. stuart: they're not there yet? >> that is because congress has been wrestling with this for years. they haven't been able to take a look how do you make drone usage commercially viable and safe. that's the problem. stuart: what would your approach be? >> my approach is really we would have to take a look how you counter drones. >> all right. >> part of the problem, if you talk to anybody at the secret service they will tell you one of the real concerns is the utilization after drone, not as we see overseas with predator drone with hellfire missile, small drone packed with explosives, attack as target, assassination attack like in venezuela in august of this last year. you have to be able to counter drones. the faa says you can't disrupt drones. frankly you have to. what is going on now the department of homeland security, department of defense and law enforcement are testing what are the counter methods that you can

use? can you disrupt the the way it connects electronically the signal to the controller? can you use some type of kinetic element against the drone itself? can you throw a net over it? those types of steps are illegal and unauthorized. stuart: we're miles away from a real option to keep our airports and aircraft safe. miles away. >> you're absolutely correct. that is really the big, big concern. you can tell people, put the number on the drone. if i'm a bad guy and i want to go to do something disruptive, that is going to be after the fact. stuart: don't we have some kind of a dome system that looks down and surrounds an airport and inning, a little drone comes along you know where it is coming from, you shoot it down? haven't we got something like that? >> right now, in upstate new york there are tests being done, how you develop that type of radar system in and urban setting. it is not developed yet. the size, the speed and thin the trajectory and aspect of how a

drone comes into a target is incredibly difficult to pick up on radar. to be able to respond fast enough. it is an evolving technology. until we get it right, there is going to be a vulnerability. stuart: michael balboni, no relation to steve balboni the baseball player i trust. thank you for being with us. now this, bill gates, he says he doesn't deserve his fortune. he says no one deserves that much money. mr. gates, here is my message. feel free to write a big check to the government anytime you like. my take on that, top of the next hour. ♪

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stuart: bill gates is worth about $100 billion. he was asked if he deserves that money. nobody does he says. he told the interviewer that his fortune came from timing and luck and he thinks he should have paid more tax as his fortune group. i disagree. how much does mr. gates think he deserves? if he doesn't deserve $100 billion, what is a more desirable amount or more desirable amount? cut them off at a billion? what exactly does deserve ability begin and end. apply to you. if you make $100,000 a year, do

you deserve it? if you make $30,000, do you deserve more? you've opened a pandora's box, mr. gates. in my opinion you deserve as much as your brains drive and ability to bring sand and don't give us a guilt trip about earning good money. this program is not in the jealousy business and its bill gates thinks he should've paid more tax, why doesn't he write a big check? he could do that and so could all the paycheck of millionaires who've appeared on this program. they've all said tax me more, tax me more, but none of them to my knowledge has ever written an extra check to the treasury. i don't think they want to pay more themselves. they want you to pay more. we're glad you're watching this program because we celebrate guilt free success. all repeat from you deserve the brains and ability generate. that is the american dream. no need to apologize for

success. the third hour of "varney & company" is about to begin. reaction to what i just said friend justin haskins got executive editor of the heartland institute. by visiting ages write a great big check to the government? why not? >> deep down inside, really what i think this is all about, deep down inside he knows commend bill gates knows that the government can't actually manages while better than he does. and that's really the core issue here. can government manage people's wealth better than he can manage people as well? microsoft is one of the most successful countries -- companies in the history of the world. they employ over 130,000 people worldwide, 1.2 billion people use microsoft products including me. the government can't manage its

way out of a paper bag. the government just running trains about $168 million loss. they can't run the postal service without losing preflight $9 billion. why would bill gates think the government can manage its wealth better than he can? it makes no sense at all. this is virtue signaling from the left debris seen it over and over again. if he's serious about this, mr. gates, write the check yourself. give your welcome a to the government to do believe that's what's best. stuart: where are you on this deserve issue? i think you and i deserve all the money that our brains, drive, talent and ability can make. he apparently doesn't. we address the deserve ability issue? >> absolutely. i totally agree with you. you don't owe the government anything. your money is your money. your wealth is your wealth greater property belongs to you. i think we've moved into this weird space in america were

historically it used to be your property belongs to you, that you have the right to the property and your right came from god. they didn't come from government. now we live in i don't and will end up as socialism. i agree with the president, america is not and never will be a socialist nation. last word to you. >> well, i agree with that as well, but we have to -- how it's killed, exiled or imprisoned 167 million people over the past 100 years. we have took a life dangerous is that we don't end up as

socialism. i believe we are going to win the war, but it's a war we need to fight in right now in the midst of it. stuart: you look like you're in the front end of it and we appreciate that. justin haskins you can come on this program any time you like, sir. let's get to the green new deal. listen to at democrat presidential candidate kamala harris and kirsten gillibrand said about mitch mcconnell's plan to schedule a vote on the great new deal. >> i think it's a political ploy at this point that we have an urgent crisis. [inaudible] i support the new deal. stuart: okay, one says it's a political ploy, the vote, and another says they supported. let's bring in kitty pavlovich, fox news contributor. katie, do you think the support, whatever their support is, is that going to turn around and bite him in 2020? >> stuart, and a more black today for coal.

mitch mcconnell is wearing a green tie when he announced he would vote on the great new deal. i'm just kidding. i do think it will come back to bite them because they keep jumping on these extreme leftist ideas without actually thinking about if they'll were, how insane they are and if they can actually be implemented without destroying entire industries of people that they're going to have to try and win over in places like ohio, pennsylvania, wisconsin, michigan. if they want to win the presidency through the electoral college, they have to think about not jumping onto these plans before they actually agree with them first of all and think about the consequences of that. the green new deal is like obamacare. conservatives warned it was a trojan horse single payer. the green new deal is the same thing in the sense that is set up to rip down the american economy and the free-market system that it is to replace it

with nature radical style of forcing people to go green with envy and none of that is actually going to be solved. big companies and businesses and government have an incentive to use less energy anyway because it's cheaper for them. they don't need to be forced to do it appeared stuart: the democrats in nancy pelosi in particular have a real problem here. it's not exactly given free rein to the aoc of this world, that they've allowed them to leave the party in a particular direction, which is not wholesome for the party at all. they've got a real problem here with the split. >> it's not representative of what happened in the 2018 midterm election. the aoc and omar are getting the most attention, putting the green new deal into black-and-white on paper. however, the majority of people got elected to take back the house for democrats came from

districts that were trump republican districts. these were not far left people from queens or from a blue district in minnesota. these are people who are blue-collar workers, blue-collar voters, so nancy pelosi is allowing this runaway train to happen and it not representative of what her party was sent there to do in november. stuart: kd, we love having you on the show. happy valentines day. b. mike thank you. appreciate that. let's get back to your money and check out big words down about 140 points. that would be a half percentage point. jpmorgan launching their own crypto current fee. this would be and will be the first crypto backed by u.s. bank. no impact on the stock down about a buck on an otherwise down day. bit client still messing around at $3500 for a long time. now this. tennessee want amazon to know,

yeah, were available at the headquarters deal in new york city pulls through. tennessee official tells fox business it would work with amazon in any way possible. nashville was one of the 20 finalists for the second headquarters in amazon did announce it would invest $230 million to build and operations hub in that state bringing 5000 jobs. basically tennessee want the whole enchilada. china trade talks are underway. trade rep robert lighthizer and stephen mnuchin meeting with their counterparts in beijing, trying to make a deal ahead of the march 1st deadline. that is ongoing. they will be a vote today on the 1100 page bill to fund the government and avoid another shutdown. president trump is still doubling down on building the border wall. roll that tape. >> it's a big wall. it's a strong wall.

it's a lot of people are going through very easy. they would be able to climb mount everest a lot easier i think. but it's happening. >> he did they would build it anyway. the journal says a yes vote in congress. the president is that yes vote the president is likely to sign this no shutdown bill. maybe that's a plus for stocks. when i see not much at the moment. the dow was down 130 points. that pushed the dow back to 25,400. much more "varney" i had for you.

>> they are going to meet with xi so that's a very good sign and they are just soldiering on. i will stay with the phrase the vibe is good. stuart: sounds like good vibes your dose or a cut above last year under an hour. he talked about the high little trade talks in beijing. it does not help the market still down about 150 points. david mulroney, former canadian ambassador to china. talks may be gaining momentum if president xi is taking part and is indeed taking part. >> the word out of beijing seems to be at the end of the talks, scheduled to end friday that

will feature a meeting with president xi the chief u.s. negotiator justice president trump met with the chief chinese negotiator at the last round of washington and if indeed that happens you'll have had both president really signaled their personal commitment to getting a deal done. it's a positive sign could of course we have to wait to see if the xi meeting happens. stuart: doesn't move closer to xi jinping meeting sometime in march? >> that would be a very strong signal that's going to happen. president trump is talking about meeting with president xi as early as the end of this month. that's been pushed back, but it still seems to be in the cards. he talked about getting a letter from president xi military friendly and helpful. i think that is something that would really mark. stuart: overall looking

positive. let me bring this to you. an executive order from the president, our president could stop chinese tech companies like wow way from doing business in the united state at all. does that affect these talks? >> it does affect these talks and it has affected and to a certain extent in this executive order which really would bar was described in the order as adversarial powers. that's probably china and russia for being part of u.s. 5g infrastructure. something discussed on and off for a number of. the latest version would've had the president signed the executive order this month in advance of major telecom shows in europe. that now has been put off probably because of the trade talks. it's not dead. it's not a dead letter but it would be signed after the trade deal which indicate maybe the trade deal is about the numbers. it's about china making a commitment to buy its way out of the deficit by accelerating its imports over the next couple of

years. maybe their undertakings from china to change its policy when it comes to requiring technology transfer. that's really not worth the paper it's written on. and maybe there's a verification mechanism that allows the terrorists to snap back at china black flag. while that's happening, a much larger technology war between the u.s. and the west now in china continues unabated in this executive order would simply be the next step in that process. stuart: fascinating separate and yet there is a connection quite obviously. thank you so much for being with us. we're going to check the big aircraft makers. start with airbus. why? they are strapping the super jumbo 8380. by the way, 550 people. nobody wants to buy them anymore. cheaper, lighter that go very

long distance and they're discontinuing the boondoggle. it is up to about 30. boeing beat airbus in total sales in 2018, 2019 looking real strong. their modern 787 green line are doing very well indeed are the stock is down a little bit. look at the level. $409 a share awfully close to an all-time record high. it doing well. do you render the hit series breaking bad? i watched a couple of episodes. there will be a sequel that will air on amc, but a red netflix first. the original cast member aaron paul will star in it. looks like it's shaping up to be disney versus netflix in the streaming battle. we've got more and not for you. tequila fans, this one's for you. all you can drink josé cuervo express train, tickets for $111. and santa kea, mexico with

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stuart: california train to catch them legalize marijuana, but the taxes are too high, hurting the legal business. hillary vaughn is with us. she's a pot grower in los angeles. tommy moore, hillary. >> hi, stuart. if you taxed any normal crop in california by 40%, people would be buying tomatoes on the black market and that's the argument that a lot of people in the cannabis industry here are making and that's why the black

market here because to sell weed legally, companies are paying 40% taxes on two combined state and local taxes on top of everything else these companies need to do to get into the legal industry. tons of roadblocks for these companies. you need to have a team of lawyers and lobbyists in order to win a lottery to be able to get the thing to sell weed legally in california and a lot of people are having trouble coming from the black market in the legal market and is having a big impact on tax revenue. for the first six months, their tax revenue from legal weed sales was $101 million below what they were expecting. officials saying it's time to cut taxes and work out a way to ease out the regulations on this company is so they're working on legislation that would drop just estate tax from 15% to 11%. the 4% tax drop a lot of experts here and business owners here say that not enough because of

everything else they have to deal with just to get it available. also it's a choice that consumers are forced to make to buy weed illegally here because they would have to drive up to an hour sometimes to find a legal dispensary to buy weed. a lot of different factors here hope smart people come from the black market into the legal market. trades are laughing because it's diverse and only i can never remember california cutting. thank you very much indeed. a new fox poll reveals capitalism is far more popular than socialism. a surprising 25% still thinks that socialism is just fine and dandy. crazy. the market right now is still down about 150 points to be precise. .62%. we'll be right back.

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market. now we are down 164. the state of play, down. netflix making news. they are going to air a breaking bad movie. the original cast member aaron paul will star on it. disney releasing the first trailer from frozen, the sequel to frozen, the first resident made $1.3 billion worldwide. come on in, scott martin. i want to talk to you about both disney and netflix. they are both based on content. these are going to be the titans is streaming, right? >> yes. very big competition between the two. the great and for both companies, we have netflix by the way, how the own disney in many years. the good news is the world is big enough for both of them because the content is kind of spread around. you mentioned frozen to the trailer, which i'm a fan of and i know my kids are plus the live-action movies they have coming out with lion king in

dumbo this year which my kids are big fans and moving the netflix or my wife and i tend to end most of our time you mention the breaking bad movie, adam sandler recently. other things they have going on that platform are able to exist -- coexist together. stuart: do think it's a competition of content or is there an element of price competition as well. could price be a competitive element? >> you know, it might aired one of the things missing from netflix just announced in their earnings at dates a couple weeks ago that they're raising the prices and it doesn't seem to have too big of an effect as far as analysts are concerned or comments from people i've talked to about price. one of those things are a lot of the companies including amazon which raised the price of prime committee of pricing power because viewers like my age, you know, they have the ability they want to see the content these

platforms produce. if there is one that is a couple bucks cheaper, i don't think that necessarily means someone is going to ditch the other service to save a couple bucks. stuart: i know you all netflix and you've done very well with it. what would tempt you to buy disney? >> if they spin off the broadcast of come and get rid of the networks, espn which is a loser, that would be great. they have the whole pixar thing going on as well that may be a better investment if that were to be spun out. to me, disney still has some of that baggage. i like sticking with the true content providers and that's why we stayed in the netflix space. train q. when did you first realize, almost of personal question, but streaming was going to take over? >> i thought you're going to go another way without one, so thank you. >> it was a few years ago. it is valentine's day.

when you start going to the movie theater and seeing how that experience wasn't quite what it was sitting on the couch, being able to hit a button and almost get any movie you wanted. that really was a turning point for me to say people will probably really like to have the comfort ability of their own home versus getting in the car paying high gas prices, and i'm going to the theater, hauling the kids they are. this is all personal experience and being able to re-watch it. we've all been there. happy valentine's day to you as well down man. see you later scott martin. look at that. did you see that you 25% still have a favorable view of socialism. that's extraordinary. spokesperson for the rnc joins us now.

i think you've got a messaging problem. if one quarter of respondents in a fox poll angst that socialism just fine and dandy i don't think you're explaining capitalism and the terms growth very well here. >> right now we are just beginning to make an argument against socialism here at the midterms we look at the 2020 candidates and am very confident when you litigate details of socialism on a national stage as donald trump will do, it will fall in the polls. we saw that with medicare for all, and when you explain raise your taxes or comments. the moment president trump gets out at the rally by getting details you'll see the number fall. stuart: the trouble is socialism is attractive on the surface. if i'm a youngster, the idea for ecology can get rid of the student debt, that is due. if i'm a youngster the idea of having the rich pay for my

medical care, that is attractive because i don't have to pay. they do. half the country pays any federal income tax. on the surface comes socialism appeals especially to young people with the egalitarian outlook. are you going to get around that? >> you make a very good point especially when you consider democrats trying to just in stem cells from venezuela and cuba and bernie saying i don't mean those countries anymore. i'm talking about finland, denmark, and not socialism as he once knew it. they are trying to disguise socialism. the moment you tell people this will raise your taxes can use logic that $32 trillion government takeover means you pay for worse care. when you explain the details it does plummet. 60% of the democratic party is a positive view of socialism meaning they're likely to elect a socialist when a candidate. so there's a mismatch between the democratic arty and the

american people. stuart: do you still want the democrats to nominate a socialist to go up against president trump or do they think twice about that. >> i definitely want to see a socialist get nominated as their nominee because it's still 25%. you can't win an election with 25% of the country. once they make a case against it from a 25% number will look like 10% to 15%. bring on the social lives. train to you go against joe biden. you'd rather go against bernie sanders and joe biden? >> i'm confident president trump could take you there. the radicalism in the view of socialism are never going to be accepted by president trump and i have no worries about joe. stuart: are you down there in the sunshine of florida? looks like it.

>> ibm. stuart: happy valentine's day to you. we'll see you soon. thank you very much, kayleigh mcenany. >> thank you comes to her, you too. stuart: california's high-speed rail project supposed to go from l.a. to standard cisco. well, the project instead. governor newsom scrapped it because it costs too much. he treated this last night. california and for us to cancel the project after having spent and wasted many billions of dollars are they all the federal government $3.5 billion. we want that money back now. whole project is a green disaster. gavin newsom says he's not giving the money back. a sporting good stores going out of business after refusing to sell anything from nike. did he bet against kaepernick? ashley: he did. colorado springs comes stephen martin was the owner. he was very upset when colin kaepernick began his protest by

kneeling during the national anthem and he said i'm not going to sell any more nike could comment on. unfortunately it turned out to be a bad business decision because he has to admit he believes there are more supporters out there than i realize. he's going to have to shut down, but i don't mind -- i don't like losing a business over but i'd rather be able to live with myself. thank you very dominant in the sports apparel world and he just couldn't survive without it. stuart: if you're a sports apparel seller, how do you get by without doing anything from nike. ashley:.at this point. he remain true to the end. some individual stock special but that first of all the lower profit reported a higher hotel chain. i believe the stock is down. yes it is. same story at mgm. not great profitability and not really taking it on the chin down 5.5%. the price of oil this morning in the low fit these.

53.93. the price of gasoline inching a fraction higher than the national averages $2.28 per gallon. it was a heated exchange on capitol hill yesterday between representative elon omar and special envoy to venezuela, elliott abrams. here is a short clip. >> he pleaded guilty to two counts of withholding information from congress regarding your involvement in the iran contra affair. with for which you were later burned by president george h.w. bush. i fail to understand why members of this committee or the american people should find any testimony that you give today to be truthful. >> i can respond to that. >> it wasn't a question.

stuart: that was in the united states congress. ms. omar is on the foreign affairs committee despite calls to remove her. we will deal with this whole situation in a moment. meanwhile, there will be a vote on the 1100 page bill to fund the government to avoid another shutdown. "the wall street journal" says that there is a yes vote in congress the president is likely to sign it that we don't know yet whether he will. we are on it. in a moment. bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied.

it is the people that is really the only asset that you have. put your employees on a path to financial wellness with prudential. bring your challenges.

stuart: when ashley and i walked in and to this duty or very early this morning before the market open, we were looking at a triple digit gain for the dow jones industrial average. but now we are down about 150 points because they've got a shocking retail sales number for december. based on what the companies are telling us, especially online companies like amazon that they actually slept 1.2% in december because all of those who like to shout that there is the proof. stuart: okay, the market took a further laid down. just a few minutes ago when bloomberg reported that the two sides in the china trade talks in beijing remained far apart.

that is where we are right now, down half a percentage point down 143, just shy of 25,400.

stuart: okay, i've got lock buster announcement news here. amazon will not tilt second headquarters in new york because of mounting opposition. the stock is down because of this news, but it is a blob

muster. there was this contest to see who would come, where would amazon build as it was called. new york city got the deal, part of the deal. opposition mounted. significant opposition at that. stuart: to sweeten the deal, too many tax breaks were should be paying a lot more than it was. this is always on the table. some people said they'll eventually move here. i'm not surprised about the opposition and things that were said, see yet. stuart: i think it's fascinating. average pay $150,000 a year. just think of all the tax revenue that's gone away and what it does to the neighborhood into the region as a whole. stuart: i want to see a statement from alexandria sub 10, moving very close to her district. she opposed the amazon move. do you think she's one? by letting go. who wins? did she witness? this is ridiculous.

they're not coming to new york here that the blockbuster news. i've got to move on because i'm short on time. back to the heated exchange between democratic congresswoman omar didn't elliott abrams. you've got to watch this. >> in 1991, you pleaded guilty to two counts of withholding information from congress regarding your involvement in the iran contra affair for which you were later burdened by president george h.w. bush. i fail to understand why members of this committee for the american people should find any testimony that you give today to be truthful. >> and i can respond to that. >> it wasn't a question. that was not a question. i reserve the right to my time.

>> it is not right. >> that was not a question. on february 8th. >> i was not permitted to reply. >> i was not a question. thank you for your participation. drink i am utterly appalled at that and infuriated to boot. the gentleman on the screen is match lap, chairman of the american conservative union. that was extraordinarily rude and coming from an anti-semi to detest and opposes israel i don't think should be on not committee. would you say? >> i don't think she should be on them committee either. she's basically attacking elliott abrams who is in the reaganite evisceration fighting the spread of communism, socialism and central america and he got caught up in a politicized prosecutor as we see maybe today as well. why would she go out and attack one of the most prominent jewish republican foreign policy experts right after her

controversy on attacking aipac because they quote, unquote its all about the benjamin's meaning some kind of link between the jewish supporters here in this country and money. you put this all together and people should be outraged and she ought to be booted off that committee in a new york minute. stuart: i don't know how you'll hold the democrat coalition together. i don't know how you do that. jewish voters within the democrat party and now ms. omar and others blatantly anti-somatic against israel. how can the democratic party contain those two competing elements and stay together? >> there is a crack up happening and you can see this all over. this is very intentional by democrat as far as shutting their strong support in america. they no longer view them as the most important part of their coalition. they believe reaching out to mouth on thin air of the new

immigrant are a much better future coalition to build. so they are literally shedding and allowing these things to happen and not reprimanding these numbers, which is a big mistake and i think jews across this country and others who support israel, and this is an inflection point. they need to think about this. look who's representing the democratic dirty and look afresh at what donald trump is doing. scrapping the iran nuclear deal. a real moment where they need to look. stuart: i do want your comment on this. amazon is not coming to new york city. they will not build their hq to as it has been called a new york city. mounting opposition and they say were leaving. were not coming. part of this is aoc, alexandria ocasio-cortez. ashley: they're going to see this plan but not reopen the search process and the

commitment to build new headquarters requires positive collaborative relationships with state and local officials who would be supportive over the long-term. trim to match lap, so the far left, aoc and her colleagues have forced out 25,000 jobs with an average salary of $150,000 a year. what do you think about? >> two comments to make. her green new deal really doesn't matter if you have jobs are not because apparently they're going to give everyone a job even if they're unwilling to work on the run website. so maybe they don't care if they are private-sector jobs. i think there's actually more complications here for amazon. i live in virginia and they're having a big push in virginia, but all this property. i wouldn't be surprised if there is a lot of people on the left that bush amazon to it not come to virginia because of all the controversies of the governor. they have stepped in a lot of

different ways and i don't know what they can do to move all those jobs when they move to virginia what they'll do. this whole process looks messy. >> it sure does. thanks for jumping on this row fast. we appreciate your point of view. on the phone joining us now is julie samuels and executive or of tech new york city. julie has been a frequent guest on this program. she wanted amazon to come to new york city, thought it was a very good deal. they are not coming. they are not coming at all. who do you blame? >> i mean, i think what happens here is a real example of politics getting in the way of good policy and we've got a really big problem now. this is bad news for new york. this is unequivocally bad. i'm still getting my head around it. i don't know what details there are to know. stuart: amazon put out a statement saying to come here they wanted --

stuart: some people who are supportive over the long-term. local and state officials seem to be supportive. stuart: at espn's dave senator they put him in charge of what could've vetoed this thing. so it looks like local opposition was a sickly so strong that amazon is not coming. this is a block buster. stuart: can you blame them? they are trying to build a business and attract people to work here. you have construction built out and all of these other things you need to do when they have no certainty that new york would come to the table and work done. there's a business matter. how can you expect a different outcome? train to withstand my mind as i recall is the private helicopter landing pad that amazon was going to build for the jeff bezos of the world. that was not popular.

is that the kind of thing that tilted local opposition against or is that just a minor detail. >> the helipad was probably not the smartest move. there were a few of those things. listen, the city, state and amazon hammered out a deal but i truly believe made a lot of sense, would have made a lot of sense in a dork. new yorkers really wanted more transparency into that deal. should there been more transparency? yes. did we need a helipad, no. the fundamentals of the deal were strong, good, they are. but the politics and now come in new york is going to lose tens of thousands of jobs. just like that. >> we do have a statement from amazon and i want to get more into it. >> all polls show 70% of new

yorkers support our plans and investment, states and local politicians have made it clear that they oppose our presence and will not work with us until the type of relationships required to go forward with the project and we and many others envision. we are disappointed to have reached this conclusion. we love new york. it's incomparable dynamism. particularly the community of long island city where we've gotten to know so many out to mistake a forward leaning community leaders. we are deeply grateful to try to enthusiastically and they graciously invited us and goes on to say we do not intend to reopen them they will go ahead in northern virginia and nashville. the bottom line was that local opposition was enough to say we're out. stuart: still with us on the phone. looks to me like the significant defeat. the governor of new york state, andrew cuomo and the mayor of

new york city, both of whom are very much on board with amazon coming to the city. >> i think that coming in zero, yes, but more broadly this is a big loss for new york. at the end of the day, the governor and the mayor were fighting for good high-tech jobs in new york and that is gone now. again, this is moving very quickly. i kind of don't know where things are. stuart: thank you very much for jumping on the phone like this. this just was a block buster amount spent and it just came across 10 minutes ago. we called you and you were there for us and we appreciate that. to repeat, amazon was going to build its hq to as it was called, the long island city part of new york city. they were going to bring 25,000 jobs with an average salary of

$150,000 a year. they were going to bring all of that to new york city. local opposition was very strong. the far left doesn't like the amazons of this world, doesn't like big corporations and say we don't want you. ashley: what does that say to other businesses looking to come to new york. we are close for business. we don't want your jobs. stuart: betsy mcquay, former governor eric state. your take on amazon not coming. >> well, [inaudible] that's the way to describe politicians vying for public attention and capitalism versus socialism. that is exactly what's happening to local politics in new york. the public should be outraged even though this wasn't a good deal. the fact is the extremism of the

new york city council and alexandria ocasio-cortez district drove this company out the stuart: betsy, hold on a second. "the washington post" is owned by amazon founder jeff bezos. i was intrigued when "the washington post" just reported the story that amazon is not coming to new york city. it is nothing sensational but they are reporting it. it says, amazon pulls out of plan for new york headquarters, bold headline. amazon canceling plans to build a headquarters campus in new york city because of local opposition. that is what did it. ashley: reading something in forbes, they put out a story yesterday. estimated revenues next 25 years from the amazon headquarters was estimated $27.5 billion. that is what you're saying good-bye to. >> that is right.

politicians -- stuart: hold on a second, betsy. alexandria ocasio-cortez her district that she now represents adjacent to where the amazon people would have built their new headquarters. i would have thought aoc will catch hell for this. she is one of those, said we don't want you, get out of here. we don't want these corporations. surely she will pay a price for this? >> she should pay a price. voters in that district will now have viewer job opportunities. their real estate values will plunge. gentrification will come to a halt. if the new york city council, the mayor of new york bill de blasio, are extreme leftists, if you don't go union, you women be dead here. that was a big part of message. amazon knew if they went union they would never be able to deliver for free again. stuart: hold on a second, reading from

"the washington post," owned by jeff bezos, he is the amazon founder. they quote a spokesperson, spokeswoman from amazon. there are a number of folks on the ground who oppose our presence. we don't think there is a path forward working with them over the long term. they're gone. i don't blame them. can't say i blame them. this is a terrible loss for new york city. ashley: i think it is an embarassment personally. stuart: thanks for holding on the phone, betsy. >> you're quite welcome. stuart: julie samuels, betsy joining us for the extraordinary announcement. i was not expecting that. ashley: people said what are the chances amazon pulling out of this thing? pretty slim. you put out that rhetoric and what is the incentive for them to stay? these are once in a generation opportunities most cities would chase after and did. new york did and says, we don't want you. stuart: the question for the future is, how far should local

authorities go offering tax breaks or incentives to major corporations? can they do it in the future? or will you have an amazon on your hands? david asman in for newell cavuto >> welcome to "cavuto: coast to coast." i'm david asman in for neil cavuto. the top story, amazon is not building hq2 in new york after a lot of opposition, from the politicians, not from the people. rose cliff capital founder mike murphy, deirdre bolton joining me here now. deirdre. neil: first to you, we had a new poll showing most new yorkers want this to happen. polls from long island where the headquarters would be built saying they wanted it to happen. the politicians are going against the people