and that pure play could bring an advantage to them from amazon who is a little distracted. [closing bell rings] liz: nasdaq too chose to call right now. we'll wait until "after the bell" to do that. connell: you got it. lauren: the dow ending a session up by 67 points, marking a three-day winning streak. s&p 500 also higher for the third straight day. the nasdaq fighting for gains into the close. we have to let numbers settle. if it does, end officially in the green, it would mark its longest winning streak in six months. we'll take it. i'm lauren simonetti in for melissa francis. >> i'm connell mcshane. this looks like it will. this is "after the bell." we'll have more on the big market movers. here is what is new at this hour. ♪

connell: trade on the agenda at the white house. president trump just wrapping up a meeting with the chancellor of austria. the latest developments from there as the administration tries to make a deal with the european union. alexandria ocasio-cortez firing back at her critics. how the freshman congresswoman is defending her role in amazon's escape from new york. plus, you will meet the man behind this billboard calling out aoc for her involvement in costing the big apple $12 billion in economic activity. apple struggles with iphone demand, samsung unveils new smartphones, a nearly $2,000 foldable phone, marking the 10-year anniversary of the galaxy. lauren: $2000? that's it? dow ending the day boosted by caterpillar, dow dupont. deirdre bolton is down on the

floor of the new york stock exchange. >> lauren we saw muted reaction as we see it, to the fed meeting. data guru, charlie brady next to you, gave me the range listen the-point range for the dow is 139 points. if you compare that with the average of every single trading day in the past 30 days which was normally around 226 points you can see we just stayed pretty narrow. that is where we finished. one stock i want to highlight in particular, southwest. luv, not a dow member, watching airlines in general as the snow falls in lots of different places in the u.s., really tough trading day for this stock. goldman sachs downgrading from a neutral to a sell. a lot of news coming out the shutdown, that 35-day shutdown, really prevented a lot of southwest plans. for example, they had long haul service plan to hawaii. they couldn't even fire paperwork to get feedback from

the paperwork for a shutdown. that put plans on hold. they had ongoing talks with the mechanics union. they have been tense, they have been ongoing. a lot of their planes have been taken out of circulation. they canceled more flights than any other u.s. airline during this presidents' day long holiday weekend. lauren, back to you you. lauren: deirdre bolton thank you very much. connell: still negotiating. president trump meeting with the chancellor of austria. he is working to solidify a trade deal with the european union. blake burman live at the white house with details. blake? >> president trump non-committal whether or not there could be future tariffs on auto imports, potentially raising that auto tariff. as you know, the commerce department on sunday, delivered a section 232 report over here to the white house which outlines whether or not tariffs on vehicles and auto parts are needed in the name of national security. the president has threatened the european union with a tariff of up to 25%. a white house source who is familiar with this issue i spoke

with earlier today said to me no decision has been made saying there is no there there and that this is still very early in the process. president trump has 90 days, just a little less than that to respond but said today he wants to make a deal with the european union. >> we've studied it very carefully. we've seen the results. the bottom line result is whether or not we can make a deal with the eu that is fair. we lose $151 billion trading with the eu. that is a lot of money. we'll see what happens. we'll see what happens. reporter: the president often says you heard him there, we'll see what happens. there is significant push back from the auto industry on this one. the auto alliance sent out this statement earlier this week, saying of the possibility, quote, tariffs on autos and auto parts raise vehicle prices for all customers, limit consumer choice, invite retaliatory action by our trading partners. connell they say this would raise the price of vehicles

impacted with the tariff potentially 5800 bucks a pop. connell: that adds up. retaliation is what they're worried about. blake burman at the white house. lauren: u.s. and china trade talks continue in washington ahead of higher level talks with u.s. trade representative robert lighthizer and treasury secretary steve mnuchin. that is for tomorrow. edward lawrence is live in a snowy washington, fortunately indoors with the very latest. >> i had to pay somebody to get inside here. the snow outside, trade negotiators hard at work inside as the talks are heating up. this is still the deputy level talks. today is the final meeting to set up face-to-face talks between astrid representative robert lighthizer leading the u.s. team and chinese vice premier liu he. that is to show he speaks for all of china, in his word, stance.

chinese try to get president donald trump to back off the march 1st increased tariff deadline. the president signaling he might take that step but he wants to see something close to a deal. within china, pressure to make sure a deal happens, increasing as the economy is slowing over the past 18 months. in the u.s. economy our markets indicate they would like to see a deal with china. even federal reserve members in their minutes pointed to sharper than anticipated economic slowdown in china caused by trade uncertainty as part of a big problem for the u.s. should it continue. some policy experts say the chinese might be testing the president's resolve to see if he will back off on raising tariffs without a deal. >> i think it is going to come in may, june, sometime in that time frame. and i think since the president likes drama, who is up, who is down, i think between now and may and june, it will be a few days where it will not look too good. reporter: we may get insight to

trade negotiations when u.s. trade representative robert lighthizer testifies in front of congress. he accepted the invitation this afternoon. out of china today post -- government officials said china will open the stores wider but deserves to develop and become prosperous. lauren? lauren: ed lawrence, thank you very much. connell: we'll start with you, heard from greg valliere's in edward's reporting, talking about what is turning to consensus here. if we don't get deadline first of march, may or june, there is a deal in place. what if the new concensus is wrong? how much economic risk is there if late 2019 we don't have a deal with the chinese? >> i think there is a significant downside economic risk. this could perhaps shave quarter

to half a percentage point off of what will be a relatively low rate of gdp growth compared to what we had in 2018 and what would be very damaging would be a situation where tariffs are imposed on auto imports, retaliation to those tariffs would almost certainly create problems for u.s. manufacturing. connell: right one thing if the tariffs go from 10% to 25% on chinese goods as already discussed, that would be an issue. looks like if we get an extension, veronica, that won't happen, but auto tariffs, that discussion snuck up on us. i don't know if the president is serious or not. as blake burman told us, seems like earlier stages here. he has a lot of time to decide. if he went that direction that could hurt economically, right? >> absolutely. we're already seeing pressure on growth because of this tariff debate going on. who knows with the future is

going to be, but either way it makes it super difficult for businesses to plan. how do you know how much productivity you will have going forward, what the sales will be going forward, when you have this tariff debate going on. it is really in everyone's best interests here and in china, actually around the world to get things settled sooner rather than later. lauren: uncertainty also over interest rate hikes. the fed minutes reveals that officials are still split on the need for an increase later this year. john, do you think the fed is more likely to hike or cut? >> more likely to cut. i agree with the fed funds futures market that right now it assign as probability of 15 to 20% as far as a fed rate cut by the end of 2019 as concerns opposed minimal one to 2% probability of a fed rate hike. an as a previous guest stated, businesses right now, business

planning is hampered by above average uncertainty. and it is this type of uncertainty that is going to rein in business outlays, not only on capital equipment but also on staffing. so this very good news that we had in january on jobs growth may not necessarily be the sign of things to come. lauren: that is a very good point. so we know that committee members are obviously divided over the clouds out there and how they could impact the market but they seem to be in agreement over the paring down of the balance sheet? >> that is most likely going to happen in the second half of this year and that should reduce the upward pressure on longer-term treasury yields, which implies that mortgage yields will be lower than otherwise. boy, it's important to keep mortgage yields from rising if only because housing has become so unaffordable for some u.s.

households. we got off to a strong start in 2019, with homebuyer mortgage applications, however, over the past several weeks this particular index has tanked. maybe it is the weather, but if it is not the weather, watch out. that is telling me, that we need even lower 10-year treasury yields to get housing growing again. lauren: i want to get veronica in here. what did you make of the fed minutes? >> i think it's a good sign they're being patient and watching the data still. as a previous guest said we're seeing a slowdown in housing, we're seeing slightly in certain markets more jobless claims. because of that there is weakness. we're still growing, but not just as strongly. that is probably the story for 2019. so this idea of being patient and watching and waiting, not jumping ahead is a good thing. melissa: a lot of people are saying that the rally we had in 2019 is still early, basically that is all we're going to get. we had the rally. veronica, john, thank you very

much. connell: good discussion. meantime politics, bernie sanders entering the race for 2020. boy, is making money, raking in millions in terms of fund-raising. will the cash be enough to get the democratic nomination. lauren: president trump wants refund for money over the high-speed rail. connell: thousands of flights are canceled today. we have details what turned out to be a messy storm for a lot of people, coming up. lauren: worried about getting home. ♪ to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪

our grandparents checked zero times a day. earth. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell.

fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. that have made the rx the, crleading luxury suvhnology of all time. lease the 2019 rx 350 for $449 a month for 36 months. experience amazing at your lexus dealer. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store.

it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. willy davis, who has alzheimer's. i decided to make shirts for the walk with custom ink. the shirts were so easy to design on the site. the custom ink team was super helpful and they just came out perfect. seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free shipping. get started today at customink.com. >> i talked about the problem of money in politics and fat cats on wall street having too much control. when you start empowering regular people across the country, they're giving you five, 10, $20 it's a big shot in

the arm, and a boost to any campaign. bernie sanders capitalized on that. it shows his message works. lauren: the 6 million-dollar man, almost. the bernie sanders campaign raising a whopping $6.5 million in first 24 hours. beating the record set by california senator kamala harris who raised 1 1/2 million dollars in day one. we have brad blakeman and fox news contributor jehmu greene to discuss. good to see you. jehmu, i want to start with you, in many ways bernie sanders is the founder of democratic socialism as we know it right now as he campaigned four years ago. he is campaigning once again but did he miss his opportunity? >> that's certainly up for the democratic primary voters. i think his record haul yesterday is a sign of how much enthusiasm there is, but also a

sign that he has been campaigning since he ended his 2016 race. he raised over $200 million in 2016. there is no surprise that he had such a huge cash haul yesterday and, we have a number of candidates that are formidable. what we're hearing now is that the foreign actors who have already started the disinformation campaign as widely reported by "politico," they actually think kamala harris is the biggest threat. lauren: hmmm. brad, do you think that, let's just face it, an older, white man could be the nominee for the democratic party in 2020? >> no, i think his ship has sailed, the socialist ship you, you know sailed off to in 2016 is now being mutinyized by other younger socialist democrats who

have taken up bernie's lead. i think bernie, the fact he raised this kind of money to me as republican proved that p.t. barnum was right. the question is that sustainable over time? you have to raise over a billion dollars, which was shown by hillary clinton in order to be formidable. even she couldn't buy an election. donald trump, who basically financed himself bested her. lauren: is this translating into the polls, jehmu, the money he is able to raise, his name recognition? is he really a formidable candidate? >> he is certainly is currently formidable in the line up of 20, 30, 40, however many democratic candidates we have declared and almost declaring in the lineup but this is going to come down to the bold ideas that each of these candidates will be discussing. clearly senator sanders has had an impact on the democratic platform but what we're seeing is that since there are more choices this time around, a lot

of that support for bernie sanders came from, basically came from a vote against hillary clinton. and so he is going to have a lot more competition than he did last time. he is formidable, but so is kamala harris, so is elizabeth warren, so is amy klobuchar, so is kristen gillibrand. there is a theme to people i'm naming. i'm all about the the women, baby. lauren: brad, final question for you, how long do you think it will take for the democrats to find their nominee and is it better for the gop if it goes even longer on the democratic side? >> he will with the dnc is the one who stole the nomination from bernie when -- >> that is not true. brad. >> absolutely. >> no, no. >> you fed hillary questions before the debate. no. >> he got 17 million votes. >> you screwed bernie out of the nomination. >> that is what you want to have

happen as a republican. that is not the narrative democrats -- >> come on now. everybody knows it. donna brazil was the won who sneaked questions to debates for hillary and your superdelegates. you rigged the system for hillary and you failed. now, are you going to do it again? maybe you learned your lesson? it will be a knock-down dragout. longer it goes better for donald trump. let them sit and knock the crap out much each other while donald trump is leading. lauren: jehmu -- >> all lies. lauren: go ahead. >> it's a narrative that is filled with lies that promotes the concept that donald trump won -- you're pushing. it is clear donald trump is actually probably more interested in bernie sanders running. he was quite complimentary. lauren: he was. >> yesterday when he launched. lauren: he was. >> not so complimentary to the women that i named before and as i said before, we're seeing these foreign actors online, cyber disinformation campaign,

they have already said that senator kamala harris is their top target based on the disinformation they're putting out there, but brad, i have so much respect for you. let's not do the same disinformation. >> it is not disinformation. did donna brazil food questions -- >> bernie sanders got 14 million votes. do not diminish the votes of all those democratic primary voters. that is mistake that senator sanders also needs to not make again in 2020. lauren: because of all of the issues and question marks that happened in 2016, we'll try our very best to make things more transparent this time around. the process will be long and hard. brad, jehmu, thank you for that discussion. >> pleasure. connell: heated up there at the end. follow up on not only bernie sanders in terms of his fund-raising, democrats in general, looks like more and more, beginning of democratic wave you see them out there bashing the rich and the wealthy. that is popular pastime for this

field, but how do they raise their money? fox news correspondent william la jeunesse is looking into all this. he is in los angeles with details for us. reporter: connell, what you say rhetorically is true will they walk the talk? in beverly hills and manhattan, candidates are begging for cash from those they accuse of rigging the system. >> stop handing out enormous tax giveaways to rich people. >> we have a tax bill that got passed that gave a trillion dollars to the top 1%. >> we should close those tax loopholes designed by and for the wealthy. >> we need to start having a tax code in this country that reflects our values as a people. >> these democrats attack the wealthy publicly. privately they seek them out. senator cory booker received almost $6 million from lawyers and wall street. followed by real estate and entertainment. >> this is an election where the ultrawealthy are going to pay

more. pay more in contributions, pay more to super-pacs and ultimately, if democrats win, pay more in taxes. reporter: senator elizabeth warren wants candidates to reject all pac money from corporations and wealthy donors though she once appealed to a billionaire. >> elizabeth warren a number of years ago knocked on my door and asked me for money when she was running for the senate. reporter: senator amy klobuchar took 6 million from pacs in her career. 65% from corporations. kamala harris include big names from silicon valley and hollywood. where she recently attend ad fund-raiser with millionaire studio exec. >> candidates who go to the top, will pay for it in the polls in the democratic primaries. reporter: question is, does pressure from the base force big money underground? do campaigns hide that because primary voters don't want to see candidate cozy up to executive that earns 500 times the average

american worker? or do they want to beat president trump at any price. >> we'll see. connell: good reporting. william la out in l.a. lauren: winning a war of the phone. samsung unveiling new devices to take on apple but will this expensive push work. not telling customers about a secret microphone. google device that could be listening in. ♪ no more excuses with cologuard.

we all make excuses for the things we don't want to do. but when it comes to colon cancer screening... i'm not doin' that. i eat plenty of kale. ahem, as i was saying... ...with cologuard, you don't need an excuse... all that prep? no thanks. that drink tastes horrible! but...there's no prep with cologuard... i can't take the time off work. who has two days? and i feel fine - no symptoms! everybody, listen! all you need is a trip to the bathroom. if you're 50 or older and at average risk, cologuard is the noninvasive option that finds 92% of colon cancers. you just get the kit in the mail, go to the bathroom, collect your sample, then ship it to the lab! this is your year! own it! cologuard is not right for everyone.

it is not for high risk individuals, including those with a history of colon cancer or precancer, ibd, certain hereditary cancer syndromes, or a family history of colon cancer. ask your doctor if cologuard is right for you. covered by medicare and most major insurers. woman: friction points, those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. but by going out in the field, and meeting management, suppliers, competitors. in the end, it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. that will generate value for our investors. this is the all-new it's beautiful.. beefy and mean looking. it's the strongest, most advanced silverado ever. the cab is bigger than the last generation. it's the first truck i've seen make you look small. but that's not all... whoo! oh my... whoa! the silverado has more cargo volume than any competitor.

very impressive. now, during the chevy presidents day sales event, get 0% financing for 72 months on this all-new silverado. drive yours away this presidents day. lauren: let's get to some breaking news. lyft is planning to announce initial public offering road show during the week of march 18 according to reuters. well monitor the story, bring you any additional details. as you know uber and lyft in a fight to see who can ipo first. connell: apple is struggling with relatively weak sales, samsung unveiling four new smart

phones in the unpacked event in san francisco, including, a foldable phone, galaxy fold and galaxy s 10. first 5g phone. see the foldable price, almost $2000. seems crazy or nuts? >> it is crazy. $1980. i'm holding in my hand, latest and greatest ipad. you still can't get close to that price on the, this technology though, is, apple, ironically, february 14th was discussing for a patent, a patent toward as folding display. samsung beat them to the market. 7.3-inch readies play. it folds in half. it has a second display on the back side, when folds in half, acts as a phone. impressive unit.

a bit gimmicky. not sure if it is practical for me to go. a cross of phone and tablet, samsung thinks it has a sweet spot for. 291 million hand-sets told last year by samsung, they're getting really pounded in china right now. huawei has eaten a lot of their competition. china not making it easy for them. connell: 100%, apple versus samsung. really huawei versus both of them. that is a big story in that huge market. on technology, forget price a second, what do you think -- you're not necessarily sold the next big thing, the idea we can fold up phones or tablets? >> i don't know. i have an iphone. i don't need a larger screen at this point. i have an ipad for that. if you could fold my ipad in half, put it in my pocket, maybe you got something there. it is just a bit much. i understand the hinges, you can't see them. connell: hard to get excited about anything in the smartphone world lately. you're hitting on a key point.

we all have what we want? what about the transition to 5g. samsung is ahead of apple there. is there big advantage? >> you nailed it. not enough to get us excited about cycling our phones every year. doesn't matter whether you're apple or samsung, you will not get people to buy phones as frequently as they used to. the 5g out there, meaning a whole lot faster than lte or what you see as four g, will only be rolled out in small amount of major market this is year. we'll not quite see services available yet that let us have a real feast of those high speeds yet. maybe that is why apple delayed embracing that but if you're looking for the latest and greatest samsung did it with implementing 5g inside of their handsets. realize you can't get to the buffet table in very many places quite yet. connell: strategy from apple might make sense. kurt, good seeing as always, cyber guy in l.a.

lauren: sticking to tech, google is admitting it doesn't tell its users that the home nest product contain as built-in microphone. a google spokesperson telling fox this, the on device microphone was never intended to be a secret and should have been listed in the tech specs. that was an error on our part. the microphone has never been on, is only activated when users specifically enable the option. connell: everyone knows everything we say and do. we have to decide we're okay with it. lauren: i'm not okay, what can you do about it. connell: that just tells us. kidding. how law make remembers looking to regulate wall street. this new billboard in the middle of new york city, slamming congresswoman alexandria ocasio-cortez. we'll tell you what is on the billboard. you will meet the man behind the billboard, coming up ♪ eritrade'. free access to every platform. yeah, that too. i don't want any trade minimums.

yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems.

to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in.

something important. it's not going to be easy. quicksilver earns you unlimited 1.5% cash back on every purchase, everywhere. actually, that's super easy. my bad. lauren: we have additional details coming in now on lyft's ipo. this coming from dow jones. lyft is planning to list its shares on the nasdaq and expected to make its ipo filing public as early as next week. they are expected to launch the ipo road show in the middle of march. right around the corner. connell: taking aim at big banks meantime democrats in the new congress contemplating a series of measures trying to rein in wall street. hillary vaughn has more on that from washington today. hillary? reporter: connell the democratic party is pushing progressive policies to the top of their agenda headed into 2020.

what used to be considered extreme proposals like universal income, medicare for all, free college, the green new deal are now mainstream in the party but they come with a high price tag. so to pay for it they're looking at wall street, weighing new taxes to bring in more cash, starting with stock buybacks. data from bank of america merrill lynch says their corporate client buybacks have surged 91% year-over-year and so has scrutiny for buybacks from the senate, senate minority leader chuck schumer joined 2020 presidential candidates bernie sanders and elizabeth warren calling for changes that would ban companies from buying its own shares unless they make invests companywide bumming pay to $15 an hour across the board and offering paid sick leave. there is growing bipartisan support for some stock buyback tax. republican senator marco rubio thinking about a plan would weasel away he says the tax

advantage that incentivizes stock buybacks. a tax on trading volume is starting to trend in washington. democratic senator schatz is proposing a transaction tax on trading volume a way to bring in bucks to fund the new progressive platform. the revenue from .1% tax on value of a securities trade could raise over $777 billion over a decade. connell? connell: hillary vaughn there in washington. lauren. lauren: we have jon hilsenrath, "wall street journal" global economics editor, fox news contributor, erin gibbs investment advisory services portfolio manager. thanks for joining us. hillary was just outlining so many of the ways that democrats are basically trying to discount the big economic achievement of the trump presidency, the tax cuts of 2017. jon, are democrats missing the mark here? >> i think what they're going

after with these efforts to put limits on buybacks is the fact that, you know we had this big corporate tax cut and it was followed by an upsurge in share buybacks and i think the democrats are going after the president on that saying that the che buybacks are helping big companies and the wealthy. the corporate tax cuts are also meant to incentivize a lot of business investment. we saw some increase in business investment early last year but it kind of waned late in the year. we'll see if we get more of it in 2019. lauren: erin, we saw a trillion dollars in share repurchases last year. so these are big numbers but it is not just democrats. you even have republican senator marco rubio looking to make some changes here. what do you make of all this? >> definitely washington is trying to control how this money is spent after the big buybacks, after the tax cuts rather.

one of the things we noticed buybacks rarely help your actual stock value. it is not generally the most beneficial thing to do. we feel in general the free market actually tells the company how to manage the money whether they buy back or not. you have to buy back at a certain point if you offering stock options. it's a tough call. lauren: sorry about that. >> the one other thing i would say there is a lot of talk on the right now about how liberals and democrats are attacking capitalism. you know putting limits on what companies can do with share buybacks is a direct attack on how companies use their own capital. so it really is a direct confrontation with capitalism at its core. lauren: yeah and the white house would argue, look we saw a lot of buybacks but it could have been a one-time thing because so many companies, apple, for instance, qualcomm were flush with cash from repatriation from

the tax cuts. they had all the money, that is what they decided to do with it, rebuy some of their stock, erin? >> what else do you do with the cash? with super low interest rates, you don't want it sitting in the bank. it may take a while to find right capital investiture. so share buybacks are quick, easy way to prop up investor growth. lauren: schumer would say, no, invest in the company. you have to pay your workers 15 bucks an hour, then maybe you can make some share repurchases. anyway, we'll see, because the democratic field is moving very hard to the left. some of these big banks, wall street, frankly should be a little bit worried. erin, jon, thank you very much. >> thanks very much. connell: fighting to take back some federal funds. the department of transportation is actually demanding billions of dollars be given back after that canceled california high-speed rail project. why the governor of the state of california is now pointing a

finger though at president trump. ♪ sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪

to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪

connell: battle between the white house and california really escalating. the trump administration plans to cancel billions of federal dollars already awarded to california for its high-speed rail project. california governor gavin new some calling that reversal clear political retribution. jeff paul live in los angeles with more on all of this.

jeff? >> connell on top of the 2.5 billion the feds want back, the trump administration says it is terminating a billion dollar grant for the project. the president tweeting earlier about the situation, quote, california now wants to scale back their already-failed fast train project by substantially shortening distance, so it no longer foes from l.a. to san francisco. a different deal and record cost overruns. send the federal government back the billions of dollars wasted. president referring to gavin new some's recent state of the state address. during the speech, newsome wanted to scale back the project, finishing a line from bakersfield. the president sent a different message about giving any money back. >> abandoning high-speed rail means we wasted billions and billions of dollars. with all new respect i have no interest in sending back $3.5 billion of federal funding

allocated to this project to president donald trump. reporter: now this all happening a day after california filed a lawsuit challenging president trump's emergency declaration at the border. governor newsome released a statement calling into question the timing of all of this. he says it is clear political retribution and that it is money that the state will continue to fight for. house minority leader, california republican kevin mccarthy released a statement of his own. he called the rail plan broken. it is time to move on. connell. connell: thanks, jeff paul in the l.a. newsroom. lauren: congresswoman alexandria ocasio-cortez is a key voice in the effort to push amazon out of new york city but now the job creators network, it has a pretty strong message for her.

but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.

and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome.

connell: so there is a new billboard on the block. organization called the job creators network, calling out alexandria ocasio-cortez for her role in amazon's departure from new york city, departing before it ever came in. wrote on a giant billboard in new york city's times square, quote, 25,000 jobs lost. $4 billion in lost wages. $12 billion in lost economic activity for new york. thanks for nothing, aoc! the man behind the billboard, alfredo ortiz, head of the aforementioned job creators network. our studio is a block from the billboard in times square. >> it is. connell: you're making quite a point. she is quite vocal in her positioning. what are you trying to get across? it is fairly obvious. >> like in the words of homer simpson, doh. it was really one of those

moments. look what happened here. she thought there was a 3 billion-dollar check written to amazon. we know there wasn't. it was incentive. i'm not a math major, $27 billion revenues expected to come over period of time. cost us 3 billion. 24 billion net, i don't know that sounds like a pretty darn good deal. connell: trying to get message out to her? you haven't heard directly from her office? >> we haven't. 25,000 jobs lost. she calls them scraps by the way. connell: i've seen some of that. i was looking at her own twitter account, before this got in the news, she had something of a response. we'll put up some of her tweets on the screen from aoc. frankly the knee-jerk reaction assuming i don't understand tax giveaways how they work, that is disappointing. no, it is not possible that i could come to a different conclusion. clearly sarcastic. she says the debate must be over my intelligence and understanding instead of merits of the deal. one more she says there is no

way this dial, one of the biggest giveaways in state history could be bad, right? surely there can't be anything wrong with pricing out a community without any advance noticed or input from them. she is hey, i knew what i was talking about all along. basically the community, by the way she doesn't directly represent. she represents a neighboring district. the community wasn't consulted. >> you almost want to sit there and say, comforting for us to think she made a mistake that she purposefully tank ad deal like this. 25,000 jobs, on average 150,000. connell: we reported on it. >> roughly 70% of the folks support i had. $4 billion in wages annually. when you look at economic, that is what i want to focus on here. it is lost economic activity to that, long island city, to new york. when you think about what that

happens. not just aspect of it. pizza guy. shoe guys, deli guys. connell: multiplier effect as economists talk about. there is larger debate that is fair about these tax incentives, whether that is the best path to go down. have we learned anything about this? lower tax base is better. better business conditions rather than winner or loser tax incentive deal? >> the way you had two chief executives, one of the state, one of the city working on this deal together to make it happen. they obviously thought it was the right thing to do. don't know all the details necessarily related to it. they worked a long time to. connell: they thought it was worth it. >> they thought it was worth it. they're not exactly conservative bastions. connell: not at all. especially the mayor. both democrats. especially the mayor. >> they thought it was great idea. i have to focus on the lost economic activity, hard-working americans with an american dream. they had a great opportunity to grow businesses, overnight, basically gone because of lack of understanding. connell: call you the man behind

the billboard now. we'll see what kind of aoc response comes from that. >> thank you. connell: lauren. lauren: there is a brutal winter storm outside. it is stretching from the midwest all the way to the east coast. we're tracking its path next. ♪ d ux f sport, with the latest safety system standard, best-in-class turn radius and best-in-class mpg. experience amazing at your lexus dealer.

monthly incomeonwide annuity, for the rest of your life. that's what i'm talking about. how about those song lyrics? what song lyrics? tell him again. tell him again. repeat it. yeah, same thing. (advisor) so with a nationwide annuity, you can get protected... david: dangerous conditions. lauren: major winter storm hitting 39 states, delaying over

2000 flights across the u.s., we go to accuweather, with details. could be a rough commute for a lot melissa. melissa. >> making a mess things, so, as you can see, we have snow already in northeast, but this storm system has more, it pulls moisture from the atlantic and gulf of mexico that is creating heavy rain in the south, causing flood concerns, there i want to show you snow, we've had several inches, now that green coming in, transition, pink that is sleet, freezing rain. there could be a glaze of ice. snow in boston moves through but it changes to rain in new york city, tomorrow morning early

boston, you see the transition to rain. things quiet down on the back side, to thursday afternoon, more of a distance memory for the large cities on east coast, until then, several inches of snow, we've seen it in parts of pennsylvania, maine. big problem is where you get the ice, that is where we have started to see change over. interstate 81 corridor, snow then ice, that is very heavy on power lines, that could be a lot of power outages and messy to clean up, beyond this, there is another storm system, but this one cold weather in north central plains and upper midwest. >> thank you anyway. connell: if you are snowed in tomorrow morning, i have a television snow suggestion. that would be fbn a.m., 5:00

a.m. eastern. hosted by two all-time greats. cheryl and lauren. >> lauren: thank you, connell. connell: thank you for joining us, that is it for us, bulls and bears starts right now. david: senator bernie sanders setting a new record within hours of announcing he is running for president, this is bulls and bears, i am david asman. >> only way we will win this election and create a government and an economy that works for all is with a grassroots movement, the likes of which has never been in american history. david: bernie sanders message there inspiring people to donate to his 2020 presidential campaign right away, he raised record $5.9 million on-line in