can't name them all individually in the 10 seconds i've got left but ladies and gentlemen thanks very much for being with us on an extraordinary day. 29,000 on the dow, articles of impeachment going to the senate, what else? ashley: sanctions. stuart: neil it's yours. neil: you name it, thank you very much stuart varney a nice weekend in the meantime we've been clawing these these latest sanctions we've added to the iranians and think it might be a reason we backed down from the brief moment we were above 29,000. there's a lot of the detail and we'll get to that in just a second but a lot of it has to do with the fact that the u.s. is now designating at least a dozen to two dozen iranian metal producers and chinese interests that deal with them, including mining companies and the like, we don't know how many chinese interests, we don't know how big that impact could be on china, but all of this is timed around the meeting next week when vice premier will be in town to

formally sign off on that trade accord. now it is a small part of this and the iranians themselves are saying there's nothing here to these sanctions that we can't already absorb that's pretty much what your hearing from tehran but i should say that we were doing relatively okay, kind of in-n-out of this 29,000 level and drifting a little further, dare i say when we got some of the details of this, the administrations been very very s cant when we heard from treasury secretary mnuchin and secretary of state pompeo, suffice it to say that the economy in iran of even before this entire dust-up contracted about 10%, that's not only a recession, that gets to be almost a depression-like reversal so we've targeted again on top of sanctions that were already in effect more on the construction industry, more in the manufacturing industry, textiles, mining, energy, and any one or any country or any individual that deals with any of those. now, that includes upwards of 1,000 top iranians who, by the

way, are in power in iran. that is why we say and this is me taking the leap here but that is possibly why we take that, that it's added to the selling pressure here that there's more teeth to this than is generally thought and wider spread than was generally thought. we'll keep a very close eye on it for you, the dow is well off its earlier levels now in and out of session lows still doing very very well we were over 29,000 today, that leap one of the quicker ones we've seen even intraday in 1,000-point base about 37 days since the last time we did it with 1,000 point level of 28,000, but anyway, we are clawing through this we don't want to attach too much significance to this but it's about the only game in town that might explain it so we'll go through it and so too blake burman at the white house, with the very very latest. the more you dig through it, blake the more you realize, that this is substantive added pain for the iranians. >> blake: it's a fairly

lengthy release that has come from the treasury department, neil and you're right when you go through it even though these sanctions are aimed at iran you also find the word "china" in it let me sort of try to break it down for you and explain how there might be a relation as you've just talked about there. first off, this was unveiled by the secretary of state mike pompeo, the secretary of treasury steven mnuchin just a little while ago here in the briefing room and it boils down in a sort of three different aspects. the first of it, the sanctions are targeted at those who own, operate, trade, or assist with those who work in construction, manufacturing, textiles, and mining. the top bullet point there, eight senior officials that were involved in the strikes on tuesday as well, but look at the middle one there, steel and iron manufacturing. let me just give you one example , neil of how even though these sanctions are aimed at iran, it also touches china, because when you dig into the details here, for example, it says "beijing company producing that right, uses power anchor limited, located as a front

company to the true iranian end-user for metals-related materials, shipped to iran. " so that's sort of how you get the china aspect in some of this even though these sanctions are aimed at iran. i asked both secretaries when they were in the briefing room, neil, how these economic sanctions will ensure the safety of u.s. interests, keep in mind these attacks have continued from iran in the recent days and weeks even though the administration has said it has this maximum pressure campaign that it has been pursuing against iran for months and years now, and the answer from the secretaries was that a funding shortage reduces iran's activities, listen here. >> we have 100% confidence and we are consistent in our view that the economic sanctions are working, that if we didn't have these sanctions in place, literally iran would have tens of billions of dollars. they would be using that for

terrorist activities throughout the region. they've got real challenges in figuring out how to make difficult decisions. do you under write hezbollah, pick hamas, under write the she i'd malitia in iraq or allow your people to have the opportunity to live the life they want and grow your economy. those are the difficult choices the regime is facing. you can see the protest. >> blake: by the way, neil should also note as it relates to the downing of that you crane yankees airliner that was shot out of the sky just moments after take off in tehran, the early morning hours of wednesday , there has been a question as to whether or not american companies even american agencies or those affiliated with might be able to go to iran to potentially assist in that investigation, the treasury secretary steven mnuchin said that they will allow waivers for that to happen, or else those interests potentially would have been sanctioned by the u.s. government, but the treasury secretary saying that will not be the case for this limited exception.

neil? neil: all right thank you very very much blake for the latest from the white house on all of this. now before any of this involved we got the details of these new sanctions we were well on our way to another record, and briefly crossed the 29,000 level and now a lot of that was borne of a stable jobs report and a lot of people are calling it weak and it still shows job gains but jackie deangelis here to break it all down. reporter: good afternoon, to you , neil i'll preface by saying anything can change in a new york minute here but it was a historic day for the dow jones until the reversal hitting 29,000 for the first time it only took 37 trading days for the dow to move 1,000 points, 28 happened on november 15 of last year. now that 37 days was the sixth shortest stretch between 1,000- point milestones and driving the dow forward to 29,000 it was apple, unh, goldman sachs, stocks like verizon, mcdonald's, microsoft, but some laggards too. boeing you were just talking about has been the biggest drag

on the index since 28,000, responsible for taking 250 points off of the dow. the other stocks i mentioned having to make up more for that. home depot, walgreens, not fair ing well either. what has brought us here? well progress on usmca, a phase i deal with china hopefully to be inked next weekend this happened despite the house impeachment of the president and also this recent uncertainty surrounding iran although it does look like it's having an impact right now. today's unemployment report underestimates as you said but a strong showing nonetheless, 3.5% is the unemployment rate and it remains at 50 year low, neil? neil: we have an environment where more women are working than men haven't seen that in a decade. you'll be pursuing that a little later in the meantime we do have a record total number of americans working today. here to break it all down is the digital chairman, we've also got market watch brett behrens. let me begin with you and get your take first of these added

sanctions against iran. there are more substantial than we appreciated before, the iranians are dismissing it saying it's no big deal, i'm paraphrasing here but your thoughts? >> well, i mean clearly the market isn't that worried. i know its taken the markets off the tops they had before the announcement but the movement is very small, and it does come off a record high, and also it should be added we're going into the weekend, a lot of traders don't want to position themselves too aggressively going into two days where the markets are closed so you probably got a fair amount of profit taking and so fourth moving the markets so look they don't seem to be particularly concerned and to the extent you're sanctioning iranian or chinese companies that compete with u.s. companies, there is potentially a net positive for u.s. companies particularly maybe manufactures, people in the metal industry, iron and so forth, but i don't know, at this point, if it's that substantial.

neil: i'm kind of with you that too now a little early maybe to judge but dave i was noticing if and when we close at 29,000 of the short leap that it took a little more than a month to come from 28,000, at least intraday, what's highlighted by big run- ups in apple and nike and jpmorgan chase and that led the rally from 28,000, what do you make of that, because apple continue continues even to lead off where it left off. >> yeah, their announcement on the services side and the success of the app store was kind of shows that they're making a transition that microsoft made before them, from hardware-related sales, because microsoft used to be so dependent on new pc sales, to an increasingly large services business, and they were the laggard, and have a lower multiple than microsoft and amazon and google do. as a result, and so they are kind of now creeping up in the

same direction but you continue to show that they are going to continue to have that kind of strength but look it's a strong time. if you look at the overall markets i think the idea that the market has, i think, one would have one large fear, which is some kind of really aggressive regulation regime, democratic candidate winning the presidency, and it seems to me that you're watching this iranian thing play out in a way that seems to be in effect lowering the discount rate on a trump win for next year and that makes a big difference to people neil: a lot of people have said the same, brett, of the markets are a great mechanism for forecasting, how an election could go, usually closer to the election. having said that, what would happen if the markets had a surprise? i mean, if you buy the argument and this is the general consensus, always risky on wall street that donald trump is going to be re-elected, if that looks ever in doubt is this rally in doubt? >> oh, sure, look. somebody in the markets said to

me earlier today, he said as a joke, he said you know, when elizabeth warren looks at her 401 (k) she must be tempted to vote for donald trump. the market is, look the market is very bullish on trump, the jobs report is very good for the president, because it is people are saying oh, it's below expectations. it's good, it's solid and the u6 which is the real unemployment rate showing all of the under employed, the people who are only working part time jobs that's at a record low, and yet at the same time, there's no up-tick in inflation, the fed funds if anything are looking at cut, so the jobs report is good for the president, and i do think yes, if there were a shock of some sort, to put the president's re-election under serious question, that would at least in the short-term have some effect on the market, because everyone is priced in one outcome, and if another

outcome comes along they have to redo their numbers, so i don't know what it is long term and look we're running trillion dollar deficits at the moment. we're very low unemployment so of course the economy is doing well. the mystery for a lot of us and i put myself in this is why we aren't seeing stronger earnings growth, or an up-tick in inflation. that's the interesting thing even though we are running these gigantic federal deficits and spending all this money even a time when the economy is very strong but look it's great for trump, and he is looking very good. the betting markets the book makers are giving him at least a 50% chance of getting re-elected i personally would take the over on that and it's interesting by the way, by the way, his odds on getting re-elected have improved dramatically since the launch of the impeachment move in the house in late september.

neil: all right >> so the two may not be connected but certainly impeachment is not hurting it. neil: well, you might be more right than you suspect, my friend. i want to thank you both very much. he just touched on this impeachment thing and we do know that it looks likely that some time next week, nancy pelosi will be presenting those articles of impeachment to the senate. what that wait has garnered her already assurances from the senate is anyone's guess but i guess in the senate is saying better late than never. we have also been looking very closely at the dow, as i said at the outset we're down about 100 points, and boeing is a big contributor to that as well. it was up yesterday of the notion that had nothing to do or it didn't look like it had anything to do with this crash in iran. now growing questions about the 737 max and who knew what and when with some explosive e-mails and memos being released. they are stunning, after this.

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this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. neil: you know, just when it looked like boeing was exonerated or early on exonerated its iranian plane crash, along come years-old e-mails and memos and misses from workers at the company going back years as i said, that are, when it comes to the 737 max let's say, embarrassing. grady trim bull with the latest from chicago. reporter: neil embarrassing to say the least and stunning to some people the messages and e-mails boeing released to congress and the faa sum up what some people have been suspecting for months and that's that boeing mislead regulators in an

effort to get the 737 max to market and these were sent as you mentioned before those two crashes, and here is one from a boeing pilot. he says this airplane is design ed by clowns who are in turn supervised by monkeys. another boeing employee saying i still haven't been forgiven by god for the covering up i did last year. that statement seems to be in reference with flight simulators for aircraft or potentially the aircraft themselves. boeing in a statement apologized to the faa, to congress, its customers the airlines and its passengers. it also calls the messages unacceptable and says they don't reflect the company it is and needs to beat. boeing's new ceo starts on monday and the company promised more transparency under him, this seems to be the first step towards that, boeing shares as he sees down today as they have been for the past couple of months and we've also learned a separate company, spirit air o systems which is a big supplier

for boeing is laying off 2,800 employees at its plant in wichita, kansas and that company says more layoffs are to come because it doesn't know when boeing plans to resume production of the 737 max plane. neil? neil: grady thank you very very much and meanwhile, faa licensed pilot jarod levy in what he makes of these boeing revelations just when it looked like things potentially were calming down for the company, what do you make of this? >> yeah, the data dump was certainly damming, forgive me there, i want to have a lot of faith in boeing i've flown behind boeing for many years and i have friends and colleagues and fellow pilots who stand behind boeing. i think culturally i don't believe the 153,000 people employed by the company are malicious and out to get people. i think that what we've got to realize is it's a difficult task to build, certify, and sell an aircraft and this is not an excuse for boeing but what

happens in that process is so complex and involves so many people there are not just heightened emotions and regulators involved but they are up against budgets and timelines and constraints and i don't think that anybody made decisions at boeing thinking people were going to get killed i think people made decisions at boeing thinking that we've got to get this airplane out there to beat airbus or to get this contract, and maybe that was a wrong way to look at it. i do think that this does effect them and it's something that's going to remain in the back of the mind of pilots like me and others who put their trust and faith in boeing. i'm not losing that trust but we need to see changes and i think there are big changes in the way boeing deals with people and the faa moving forward. neil: one of the big things i know as i'm not an aerospace expert as are you but the dismissive regard for the faa that they really aren't up to the task of judging the air quality of any of the planes on which it must pass judgment, they are the only game in town i

get that but this is not the first time i've heard folks say that sometimes when it comes to judging especially new planes, new technologies, they are just overwhelm overwhelmed and hearing engineers talk with each other, with a certain condescending tone i guess that wouldn't shock me but that's a worry. >> right so let's remember this the world's top paid engineers aren't working at the faa and the faa does a great job with what it has. i can tell you both private flying and professional flying we have our struggles with the faa and in fact the general aviation community just had a large sort of change happen if you will in technology and it took years for the faa to sort of get behind and say oh, none of that make seasons but we're going to incentivize it and make it easy for people to make these changes but the faa can be difficult to deal with and remember that boeing also has its own internal means of

approval. in other words it can approve certain things to get these planes flying obviously other things need to be run through the faa and recertification, i don't know if that's going to change. i don't know how you improve the faa stance other than them spending more money, hiring more staff. they are. they are understaffed and under funded and that's a problem in and of itself. neil: we should stress that there were just as many than the boatload of the complementary of the faa, just the seeding of doubt that got people worried ja red, thank you very very much i appreciate it. >> thank you. neil: do you have a lot of student debt you might like what this one judge did for this one who had about $220,000 worth of it. she totally erased it, after this.

neil: all right, forget about student debt relief legislation, a judge dismissing a graduate student's entire debt-load of $220,000, to bank rate senior economic analyst, mark hammer. mark, i don't know the rationale behind the judge doing this, outside of saying he was in a pe rilous situation that the debt was bringing him to poverty but there were a lot of circumstances that we're not going to make this a general cause, but now it has become a cause celeb, what do you think of it? >> well, 200,000 down, 1.6 trillion to go, across the nation. you know, i think that this is a fascinating case, but i think there is the real challenge that we have as a country, about

managing student debt, and it is the under funding of secondary education primarily at the hands of state governments in the case of public institutions. i think we also have the issue of students all too willing to take on student loan debt in the case of essentially trying to keep up with the jones in the case of trying to obtain name brand education, and i really do feel like all of this is playing in to the reason why we're having at least some discussion of this in the democratic campaign process, because i think when we got above $1 trillion in student loan debt i think that woke a lot of people up to these issues, neil. neil: you know what's also a little damming about it and i appreciate the plight it puts a lot of students and their parent s in by extension is universities can then just raise their tuition, and room and board, that if you know kids are covering for more, you raise it more, and the quid pro quo is

something that's been in place, that has dwarfed the inflation rate and even medical and health care related inflation by far and that's the core of the problem. >> that certainly plays right into it, neil and whether parent s look at it from the bank rate perspective, whether parent s are understanding, the seriousness of the situation and having the appropriate conversations with their college -bound children, i think we need to have more conversations along those lines, and i know there's been some discussion about trying to educate even high school student s more about financial- related issues and that probably would be a good idea because i don't think we're suffering from an abundance of financial literacy in this country, and the student loan debt issue really underscores that unfortunately. neil: it leaves you in a real bind here, thank you very much my friend. have a good weekend. in the meantime we're looking at the dow pairing some of the losses early on. do you know what's been remarkable. i know it doesn't get much press

but gold and holding its own, and that's been volatile, a safe haven through all of this, but say what you will with gold, i don't know whether you're a gold bug or not but it has gone in-n-out of eight year highs here and it's up a little bit more today, and now the volatility in stocks certainly can contribute to that but it isn't just what's happening to stocks. a lot of times they've been dovetailing each other. why is that? after this. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. i am not for ignoring the first sign of a cold. i am for shortening my cold, with zicam! zicam is completely different.

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neil: you know, what is in

california might not be staying in california especially when it comes to true you treat workers, contractors, freelance workers of any sort. it's coming to new york, christina partsinevelos with the details. kristina: that's right. they are constantly considering following the footsteps of california from uber drivers to journalists many work as freelancers and governor andrew cuomo says that going into the future 40% of the working population will be contractors, and they could be subject to abuse by their companies, listen in. >> this year, more than 40% of the workforce will be in jobs related to the so-called gig economy. too many corporations are increasing their process at the expense of the employee and the taxpayer and that must end. it is exploit ever, abusive, it's a scam, it's a fraud, it must stop, and it has to stop here and now. [applause] kristina: what he's pushing

towards is making these gig workers actual employees. that means that corporations like lyft and uber would have to succomb to several rules like the workers compensation, minimum wage and have to pay employee payroll taxes, but i've been talking to a lot of ubers we've been calling them to the headquarters here in new york. some are on the fence on this because they like the idea of being a freelance worker so they can switch from uber to lyft to whereas i spoke to one driver mohammed who said that it's already so difficult to book hours in new york given the number of supplies that as he becomes a part-time worker it'll be a lot tougher. listen in. >> i worked to work and now i'm doing it for uber and i'm really disappointed. i have a car i'm paying every month $800 for my car, for my gas and insurance, and i'm not doing what i'm used to doing and january is very slow.

this week, last week, this week, it's dead actually. kristina: we reached out to uber for comment and they didn't respond in time but we did get the flexible work for new york coalition who says they are very encouraged by the governor's push to be a little bit more cooperative with these companies , and overall though, i'd like to point out that governor cuomo has vowed to end what he says "fraud" of classifying workers as freelanc ers instead of actual employees. at this point though, we still don't have any details of legislation so they are just looking into it for the time being, like california. back to you. neil: that's what put the chill on thank you, christina great report. meanwhile the booming job market with the tight labor force could exploit what's going on at taco bell, experimenting the idea of paying managers in excess of $100,000 a year. to jeff flock with more details on that. jeff? reporter: you know we really haven't seen a lot of wage

inflation based on the latest numbers the president said wages are going up so fast not really so much but i tell you one place he's definitely right, taco bell this is one of those taco bell cantinas by the way where you can also get dos equis or fat tire perhaps if you like and take a look at the numbers. they currently pay their general manager, store managers between 50 and $80,000 but they are going to test this year in the midwest and in the north east, select locations and they've got 450 company-owned locations, 1 # hundred grand a year. why? well, taco bell in a statement to fox business said, and i quote him now, we want our restaurants to grow and looking out for our managers is one of the main ways to accomplish that they've got by the way, neil, seven consecutive years of year-over-year store growth, same-store sales growth, and you know, you compare this to the fast food industry, that's the

chicago el rumbling overhead perhaps if you can't hear me too well, compared to the fast food industry, general managers at stores in the fast food industry make about 45 diabetes $46,000 a year, and the only outlier on that now, in addition to taco bell is the folks at in-n-out burger in california whereas everything costs more in california but they do make a pretty good burger for my money. neil? neil: indeed they do. this might be news to you but i was a fast food manager and i wasn't paid that much but i made up for it by taking all of the food. it's another concept. reporter: all the food you could eat, ha? neil: exactly. all right, thank you, my friend. reporter: [laughter] i love that. neil: that was a very thin jeff flock. in the meantime small tech versus big caltech medical technology company suing apple claiming the company stole technology for its apple watch. deirdre has the latest. reporter: it's a california-

based medical company so its technology can improve how accurately a pulse can be measured for example, and the company is suing apple claiming the tech giant poached its employees and infringed on 10 patents claims that it's non- invasive monitoring tech using light, that's the key, was really important for p a ellyn overcoming its issues with its apple watch and a court order barring sales of apple 5 watches a return of confidential information and on specified damages. according to masimo, the trouble started in 2013 when apple reached out for potential collaboration and masimo claims that after speaking normally about integrating technology apple switched gears pretty hard , out right hired masimo's chief medical officer and then the following year hired another very senior scientist. so far, by the way, apple has not commented on the suit and it's not the first suit against apple, but more people are paying attention to this one because the apple watch is apple 's fastest-growing revenue

category and by that i mean wear ables which obviously includes other items, but it is worth noting and now this case is similar to one that we spoke about yesterday, filing against google and another example where it alleges its relationship with google went from the coops to out right theft, and the ceo next week is testifying in d.c. which is not a great moment for google because the how judiciary committee is leading an anti-trust investigation into these big tech companies trying to discover to what extent they are monopolies and actively squashing competitors and one more that just crossed a few moments ago neil i wanted to tell you about, phillips, the dutch company, is actually looking, has complained if you like in the fcc is going to look into it against fit bit and against garmin. saying both of those companies infringed on phillips loss or rather on phillips patents, and just as a reminder, google bought the company fitbit last

year in november and you remember a lot of people said that's it i don't want google to have my data and kind of ditched their fit bit so to speak but in any case it's the very latest so this is going to continue. the ip infringe. , neil? neil: i guess, deirdre thank you very very much, meanwhile, australia is being urged to get out fast, wildfires are quickly ramping up but there is help. any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials

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by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. [applause] neil: all right, this video has gone viral rightly so, u.s. firefighters are rising in australia, the fires are so wild ly out of control and they're getting worried about spreading, fox news correspondent kitty logan has the very latest. reporter: hi, neil, yes, that's right 100 american firefighters have been sent out to australia,

that help is of course much needed still. thousands of people have been evacuated from their homes today in southeast australia, after firefighters warned they may not be able to defend communities in that area, and also an australian navy ship is on stand by to bring residents to safety and some of these places have already been hit in previous blazes, and there's no respit for those firefighters either they say dropping water and fire retardant to try to contain the fires in those most vulnerable areas, and so far, sadly, around 26 people have been killed in these fires overall, and firefighters still working throughout the night to prevent more casualties, the australian military also on standby to assist, and meanwhile, volunteers are trying to help dozens of injured animals at a special sanctuary. the world wildlife fund estimate s tens of thousands of k oalas died on this island alone , that's kangaroo island and now there's an angry

response from the public to the people of australia, in in sidney we saw thousands of people take to the streets to call for more action on climate change. they say the australian government isn't doing bad enough and bad news is that temperatures are again rising, and more winds so certainly that extra help from those american firefighters will be most welcome. neil? neil: kitty thank you very very much in the meantime, back in this country the securities and exchange commission is ramping up an investigation into the listings of the new york stock exchange. charlie gasparino what's going on? charlie: previously not disclosed this is the first time here the sec investigations into direct listings initially looked at the designated market maker, citaled, gts, we do understand that its also expanded at this point to include the new york stock exchange. so the new york stock exchange has received an information request from the sec on this list on this whole listing investigation. it shows that there is an expansion of it: that this

is serious, this is the sec enforcement division doing this and it appears to be focused largely from what i understand on the direct listing of slack. i don't know if you remember that. neil: right. charlie: it was a pretty messy direct listing that was delayed and it was improper information given out, possibly floor broker s complained about the way it wasnd ha eled by the designated market maker, in that ways it was ciaadel, so i guess what you can surmise from this, the sec has taken a broad look at direct listings and ipo's by the way direct listings are a huge thing. it's saves companies a lot of money if you can bypass the underwriting process with the big wall street firm, so that's more money for shareholders, so that's why a lot of firms, companies are doing that and bypassing the traditional underwriting role but the way this direct listing is involving citadel worked out or didn't

work out is what kind of touched this off and now, there's a full fledged investigation. again in the past we thought it was just the market makers, gts, citadel and what we understand now is the nyse is involved and what's fascinating neil is sec has no comment, none of these companies have any comment. i can just tell you that i know people that have seen the information request. the information request does not say in the matter of citadel. it does not say in the matter of gts, the other designated market maker caught up in all of this. it says in the matter of the new york stock exchange so if you're going to surmise from all of that it looks like the focus is on the new york stock exchange, but again, if slack is what touched it off, it's probably the biggest investigation since you have the specialist probe 10 years ago, which as you know, set off enormous changes of how the market is structured. so that's where we are right now when i get more i'll be back on

the air. neil: he's the best out there, period, done, said. you probably saw this coming when she laid off her entire staff but now presidential candidate marion williamson has suspended her campaign. more after this. he wanted a man cave in our new home. but she wanted to be close to nature. so, we met in the middle. ohhhhh! look who just woke up! you are so cute! but one thing we could both agree on was getting geico to help with homeowners insurance. yeah, it was really easy and we saved a bunch of money. oh, you got it. you are such a smart bear! call geico and see how easy saving on homeowners and condo insurance can be.

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huge high-five. neil: no, no. so yes this democratic state assemblyman from vermont, his name is john rogers and he said that cell phones are more dangerous than guns, because he also said the fact that cell phone use while driving is one of the leading causes of death among teens, but then -- neil: why not just target cell phone use in cars? >> well i think that you raise a very good point. he went really extreme with this because he was trying to make a point. he even said he wouldn't necessarily vote for this but he just wants to raise the fact that cell phone use we're going a little extreme with the cell phone use especially among kids. >> he kind of wanted to raise awareness for the fact that 21 to smoke, 21 to drink, 18 to, you know, risk your life fighting for this country, and i think that there's an actual good point there. i think we need to decide what is an adult, what is that age and then when you're an adult you're an adult. it doesn't make sense to do it this way so i agree with that. >> because i remember getting a

cell phone, i think i got my first cell phone when i was 13 years old. neil: really? >> like a little flip phone. i was not allowed. neil: i remember when i got my first typewriter. >> [laughter] but i bring up that age because the reason my mom is okay with me getting a cell phone was for safety reasons. >> everyone always says that every 10-year-old i know, which should be fair not that many 10- year-olds i don't hang out with too many of them, but some of my friend's kids are 10 years old but they have cell phones for safety reasons as well. i never had one, check me out not dead. >> i do have to say that i think adults are even more irresponsible than cell phones than kids. you mean like emotionally? >> also, there was a study that came out that found that parents spend just 24 more minutes a day with their children than on their cell phones so i think across-the-board people need to chill out.

neil: depends if you like your kids that day. it's another story around, meghan markle, she's already returned to canada. she's leaving prince harry in london apparently to deal with this royal turmoil wanting to sort of ratchet things down with the royal family. >> yeah, it's a part of the original plan, because they left their son in canada, to fend for himself, i'm only kidding, i'm sure he's safe but they left their son in canada to make this big announcement and now she's going back and harry will deal with the fallout and drama. neil: well she's in canada right she's originally from canada? no she filmed suits in canada so she lived there for about seven years. neil: but they don't want to be in britain any more? >> they want to split up their time between the u.s. and uk and the overall things they want to take a step back, with their royal duties, and they don't want to deal with the press any more. which i don't think will work. >> i don't blame her. she's an american. we won the war. we shouldn't have to care about any of this.

neil: she's marrying into that. she knew what she was marrying into but she clearly was inspired by our founding fathers , to go ahead and revoke. neil: he might have been inspired by his mom, right? >> yeah absolutely and if you look at the website that they launched yesterday, this like glossy gorgeous website a large portion of it was about the media and the fact that they want to just work with independent journalists and they are pulling out of the royal rot o system which is the british version of the press pool which means that -- neil: the press won't leave them alone though. >> that's exactly right. i think they may have exacerbat ed the media problem because the paparazzi is going to be all over that. neil: but do they stand to make more money parting from the royal family because they aren't severing relations just cutting them back. >> i think so because i am someone who leaves that because we won the war i shouldn't have to care, but now, but now? that's what it all goes back to.

neil: alienated all 10-year-olds >> i'm showing respect for our founding documents and all of the people who lost their lives that i don't have to care about this. but now, i do care. because i lake that this was all megan by the way. this was clearly megan. i know it was. neil: but there's not a trouble or a rift with the family. >> i think there's a huge one in the family. neil: i'm told that their obligation to the british people is 60-90 days a year. >> that's a lot. neil: you have to do royal duty. that means nine months where you don't. >> that sounds like the greatest job of all time. sign me up. neil: and they just perfected the way, you know? >> i've been working on that my whole life. i thought it was like screwing in a light bulb? neil: no. i was always like hey how you doing? how you doing but i don't know, are others going to be? >> it would be great if the whole thing fell apart. >> well right now. neil: they love their royals. apparently the queen was on a

conference call with the whole family saying this thing better wrap up in days not weeks and what the queen wants the queen gets. neil: really! all right, that's it i'm done, i'm done. and the market now trying to make another call at 29,000 isn't going to happen, maybe not at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. stay resthe new rx,the icon thatcrafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer.

neil: all right. welcome back, everybody. the dow is retreating from that brief swirl with 29,000. that represented one of the faster thousand point jumps we have seen in the dow at least intraday. it was only about 37 days ago it crossed 28,000. now a lot of the wind is taken out of the sails with reports of the new iranian sanctions because they seem to incorporate

a lot more businesses and even chinese interests than we earlier thought. i want to get into that in just a second. suffice it to say that even with today's relatively mild selloff, we have been in and out of record territory throughout this incredible week. put it in perspective here. key advisers group co-owner joining us, fox news contributor dineen and jack otter. on the market, the sense they've calmed down, the gyrations today notwithstanding, looking at another thousand point milestone, the markets are not in a panic mood at all, are they? >> they're not. you would think that what the president did of course would be risky in terms of how the market would respond, but the market has been going up gangbusters which is really incredible. so i think there's a lot of faith and confidence in the president, especially with consumer spending, consumer confidence. you have a number of wage growth that is going up, manufacturing jobs are going through the roof.

we're seeing a lot of confidence on main street and on wall street. neil: now, manufacturing slowed a little in the latest jobs report, it was a little less than thought but still added about 145,000 jobs to the economy in december. we are at 3.5% unemployment rate so the details of that notwithstanding, job market looks good. what do you think? >> it looks really good. look, everybody has been doubting this bull market. i have been saying it's one of the most hated bull markets in history. it's continuing to be resilient no matter how much negativity is thrown at it. bottom line for investors is until we have a recession, this bull market is going to continue. with the labor market as tight as it is, with wage growth doing what it's doing, we are not going to have a recession in my opinion in 2020. now, on a short term basis, i would really like to see a pullback because there's too much complacency right now. that's my concern short-term. this thing has run up quite a bit over the last couple months and we look at the vix index, there's no fear right now. as we know --

neil: right. the gauge of volatility. usually if people aren't worried [ inaudible ], right? >> exactly. fear is good because that keeps cash on the sidelines. neil: we have good cash on the sidelines, not as much as we did, but if you are contrarian you can say that's a locittle solace. what do you think? >> yeah, you said 37 days until the last thousand point milestone. it's important to keep the math in mind. whenever you see it cross a round number, it usually goes back and forth a few times before it keeps on going. one thing to keep in mind here is in 2019, there was no earnings growth in the s&p 500. so huge gains we saw in the stock market were entirely because of higher valuations. so investors paid more per dollar of earnings and that can only go so far. right now i think we are about 19 times expected earnings in 2020. that's a little pricey -- neil: but if earnings improve to the degree they suspect they might, that multiple might be more endearing, right?

>> well, 5% earnings growth, so maybe throw in 2 percentage points for dividend, you know, you can justify a 7% gain on stocks in 2020. much higher than that, you are getting into nosebleed territory in terms of valuation. >> a ten-year note i think has a lot to do with that. as long as the ten-year stays under 2%, those multiples can get stretched. you start to get to 2.5%, you run the risk as you are saying, you can make the argument we are really overvalued and we are due for a big pullback. neil: someone mentioned, i will move on to another subject, the market is sort of factoring in steady as she goes through the year, not only with earnings and don't expect anything to happen on impeachment but they are anticipating, no surprise, the election and that donald trump is re-elected. i don't know how much stock you put in any of that. what do you think? >> listen, i'm looking at the results that are on the table. i'm talking to people around the country, they are seeing it firsthand in their paychecks, they have more disposable income and with the rollback in taxes and regulations, you have

companies that are hiring people, reinvesting in their companies, more jobs than there are people to fill them. i love that phrase, because it's all about america first. that is what the president ran on, america first, jobs and the economy. neil: all right. we should posit, this is not a political statement, but we said during the clinton impeachment crisis, the markets, we had a very good environment. i always argue wall street guys are not red or blue, they are green. they love money. boeing a key dow component, never mind it seems to have been cleared by this whole iranian plane crash tragedy. now we have news of old e-mails and messages, some dating back years regarding the 737 max, one saying would you put your family on a max simulator trained aircraft, i would not. another saying this airline is designed by clowns who in turn are supervised by monkeys. what do you make of all that? >> two things.

one, boeing desperately needs to get an outside consultant in there with expertise in management and culture and they need a whole culture change. the fact that those guys didn't go to their bosses or their boss's boss or somebody and say we got concerns about this, but instead laughed it off, that is unacceptable in a company that builds something that can kill people if wrongly handled. the other issue here is regulatory. obviously too much regulation, bad, but too little regulation is bad as well. in this case, the faa is allowing the company to essentially self-certify its planes. we have seen what happens, you know, in a life or death situation. that's unacceptable. the faa needs to take a stronger role here. that's why you saw the deepwater horizon blowout was because people building the rigs were deciding whether or not they were safe. neil: what worries me about the whole thing, i wasn't too surprised by the comments you get from people working at the company are disgruntled or angry -- >> every company has that.

neil: right. i have seen the stuff you write. in all seriousness, i do wonder what it says about the faa, if the view was among top engineers and workers that look, this rubber stamp, they don't know what they're doing, we don't know that it's an unfair generality but it sticks the more and more we get reports like this. right? >> it does. that's not only bad for boeing, it's bad for the faa, as you just said. look, the news continues to get worse for boeing. i think from a stock perspective, i'm surprised it hasn't gotten hammered more than it already has. it doesn't make sense to me fundamentally -- neil: you think warren buffett regrets starting to buy this thing? apparently that's the talk, that he was buying a lot of boeing stock over the last couple weeks. >> yeah, who knows what he thinks at this point. i would say, you know, what other heads are going to roll? i know a senior executive was fired but what did the suits know and when did they know it and why didn't they do something about it because people reporting to senior executives were complaining there were grumblings about issues with the

planes. neil: they ignored it. i always wonder about those who want to fly the planes again if there were doubts about it within the company, does it add to the problems. we shall see. in the meantime, jack had a chance to interview the bank of america ceo, brian moynihan. what did you learn? >> i asked about bank of america and about the broader economy, about $3 trillion in consumer money runs through that bank annually. he's got a pretty good view of the economy. he said it's pretty strong. this is some of the early reads on the fourth quarter numbers. he sees about a 5.9% increase in consumer spending. that's down from the previous year, but it's still pretty strong. ten years into an expansion. he's very positive on that. neil: i believe we have a clip. can we take a look at it? >> right now we feel very good about the u.s. economy, especially consumer side. but the reality is, you will see that, but our multiples are up because our performance, if you look at our stress test and other things, it appears that

those prove that our performance will sustain through whatever crisis, what comes at us next. neil: he's not looking at any slowdown. >> the point he's making is i asked him why bank of america and his competitors sell, we talked about valuations earlier, the market is at 19, bank of america is at 12. it's a real discount to the market but it's a higher multiple than citi, probably slightly below jpmorgan, still way below the market. he thinks that's slowly moving higher. barron's made the case for bank stocks because they are so much cheaper than the broader market. >> i love the banks. they have been hurt with the interest rates. once that yield curve starts to widen, they are going to really make money hand over fist. they have underperformed for quite awhile. again, playing the contrarian role, i feel like banks as we -- neil: when you see the surveys of cfos, there was another a couple weeks ago of ceos, they are paid to be nervous, i get that, but they are anxious. what do you make of that? >> well, look, they are looking at what's going on internationally and locally. i'm not sure what the mortgage

rates are right now in terms of consumers being able to easily get into a mortgage, but -- neil: we are seeing percolating activity there. >> sure, with consumers having more money in their pockets, perhaps that is an area that could be on the rise. >> one reason why people are so nervous is this expansion has lasted a lot longer than anyone ever anticipated. to think that this supposedly late cycle and the consumer's as strong as it is, i don't think anybody could have imagined it being as strong as it is, here we are going into 2020. neil: yeah. >> the dichotomy there, the ceos are much more nervous than the consumer. the consumer is strong, the chiefs in the corner suites are nervous. we will see who's right. neil: they might be looking over their shoulder, right? seeing shorter and shorter time as ceo. all right, guys, thank you very much. in the meantime, we have the former republican congressman on why we might have to worry about china's influence when it comes to iran, which might be why some of these sanctions we just added indirectly hit china and they

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neil: all right. mayor pete buttigieg is facing major heat over a single tweet. now he may be trying to change the subject of unveiling a very hefty infrastructure plan that makes people forget about all that, but the dust-up is still there. hillary vaughn has all the details. reporter: well, mayor pete buttigieg's infrastructure plan pledges to rebuild half of america's roads and bridges, invest in sustainable green energy, public transportation like electric buses, and also roll out electric charging stations nationwide, spending

$80 billion to expand internet access in rural areas and also invest $10 billion to train more workers to get all this done. it also says it will cut your water bill in half, saving families on average about sdi$6a year but this all adds up to $1 trillion and here's how he says he will pay for it. reforming the capital gains tax, repealing president trump's tax cuts, raising estate taxes and also eliminating some estate tax lo loopholes. this announcement coming on the heels of a foreign policy flub on twitter that's getting a lot of blowback from republicans but also some democrats, after buttigieg tweeted, blaming president trump for the ukrainian airline plane that was accidentally shot down in tehran shortly after takeoff by the iranians' anti-missile defense system that misfired. mayor pete tweeting about the crash, quote, innocent civilians are now dead because they were caught in the middle of an unnecessary and unwanted military tit for tat. 2020 opponent and congresswoman

tulsi gabbard reacting to buttigieg's tweet on fox this morning. >> having a foresight and being able to look at what the consequences are of going to war with iran i think is a serious thing and a responsibility of the president and commander in chief and he and his administration have not looked at. >> are you agreeing with buttigieg on the comment based on that answer? >> my point is that this is a very unfortunate consequence of this escalation of war. reporter: neil, we are getting a smaller 2020 democratic field. just moments ago, mariann williamson ending her campaign for president. she actually moved to des moines, iowa full-time back in june and the iowa caucuses so she won't be participating in the iowa caucuses that are a few weeks away. neil: another one bites the dust. thank you very, very much. speaking of polls, this is a surprise. tom steyer, the other billionaire in the race, in the party, gaining steam in the latest fox news poll, jumping

ahead of bernie sanders and elizabeth warren in south carolina. in fact, he's neck and neck with elizabeth warren in nevada. former bush 41 economic advise er on all that and what might be going on. i had a crackpot theory i subscribe to that everyone is going to be able to have their 15 minutes as a leader in the polls in the democratic race and this might be his 15 minutes. >> we will scroll through most of them, i guess, except ms. williamson. i hope she enjoyed the county fair in iowa as long as she was there. look, tom steyer is a clever guy and so he's figured out how to qualify for the debates by showing up in significant terms in the polls in south carolina and nevada. how did he do that. he bought ads and you know what, he's the only democrat really, who's bought ads in nevada and south carolina. neil: is that right? >> if you are the only guy who shows up to buy -- to purchase

commercials, sure enough, your ratings go higher. neil: he's the other billionaire in the race. michael bloomberg has been spending a lot of money on hits himself. would he reposition those ads himself in those states? >> i think bloomberg doesn't really have as tactical a strategy. bloomberg -- neil: he can blanket -- >> he's blanketing the country but he's not getting a critical mass. if you had a competition to see who could sell the most hot dogs in the country, your strategy would be different than if you were asking who can sell the most hot dogs on the corner of 49th street and sixth avenue. tom steyer's decided i'm going to win 49th street and sixth avenue, and i can claim i have won a corner and winning that one or two or three corners gets me into the debates. neil: what has been remarkable is how joe biden maintains the strength he does. people criticize him, the faulty debate performances, the crazy things sometimes that he says but he holds his own, has a big lead in south carolina and as you remind me many times, these

polls are fleeting but it is remarkable how as a fallback, he stays on. >> look, there is some good will in the country towards joe biden. you know, i recall in past vice presidential debates where joe biden was underestimated. he's a guy who -- the regular joe act may not be an act to give him credit. it actually plays pretty well in the middle of the country. as long as elizabeth warren and bernie sanders and others are running all around to the left, including tom steyer, pretty much joe biden may be the only guy left standing in the center, and the center of this country is still what dominates, not the wings. neil: do you think the markets a are, not that they are always a good telegraphing mechanism but what they are saying is they don't see a disruption, they don't see the president not getting re-elected. >> i think the markets expect donald trump to get re-elected and they should.

we have prosperity and we have relative peace despite the conflicts that take place with iran and syria and elsewhere. it's pretty hard for a president to lose with the unemployment rate at 3.5%. what could he lose on? democrats are kouncounting on h losing because of his personality. neil: you could make the argument he should be up by 10 or more points given this economy and it's all that other stuff -- >> that's true. but the question, is he going to hold on to the same folks who voted for him. i think he is. neil: he holds on to that base, that's enough? >> we will have a billionaire president again. neil: we shall see. todd, thank you very, very much. in the meantime, an economy that is so good, taco bell is paying six figures to keep its managers. who benefits? after this. this is the age of expression.

everyone has something to say. but in a world full of talking, shouldn't somebody be listening? so. let's talk. we are edward jones. with one financial advisor per office, we're built for hearing what's important to you. one to one. edward jones. it's time for investing to feel individual.

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or visit getsilversneakers.com neil: you know, i was talking about the less than expected gain in the employment report, but the fact of the matter is there were some startling little features within the report, including this little prize. that women overtook men in the work force for the first time in the better part of a decade. jackie deangelis has more on that. jackie: good afternoon, neil. so interesting here. you're right, women taking over that top spot but just by a little bit, the first time in a decade. it gives you a glimpse of how things could look as we move forward here. according to the labor department, women held 50.04% of jobs last month, surpassing men on payrolls by 109,000. the implication here is that there has been some growth in industries that tend to employ more women than men. for example, education and health care. the "wall street journal" pointing out that education and health services saw 36,000 jobs added in december, compared to

mining and manufacturing, for example, which are predominantly male. they lost 21,000 jobs. so the last time we saw this same sort of inflection was from june of 2009 to april of 2010, but different circumstances drove the trend at that time because the construction and manufacturing sectors were disproportionately shedding jobs. neil? neil: very revealing. thank you, jackie, very very vp. meantime, you probably heard about this but man, oh, man, i'm gearing my teenaged sons toward taco bell, raising salaries for some employees, going up to $100,000 or more. does this show that it is still a candidate jobs market and still a very good overall market? career builder ceo joins us on that and much more. that's remarkable. i was starting to see the fast food industry salaries have been going up at a nice clip. taco bell is experimenting with something here, right? >> they are. it's really driven by what's happening in the markets.

unemployment went from 10% to 3.5%, we have a real labor shortage across america, that there's almost a million and a half more jobs than there are americans that can fill them. that's not even talking about some of the generational issues that are going to be coming up with the highest growing occupations are the ones that are going to be seeing the most amount of people leaving the work force in the next five years. so it's only going to get worse. the competition for competing for candidate talent will continue to increase. these companies are taking a stab at getting the best to leave existing companies to come to them. neil: you know, you generally don't think of high-paying jobs in the fast food arena but that's where a lot of the growth has been. i'm told in taco bell's case, it's also turnover and if they start with the manager and the manager's happy and you know, higher rates for workers, he will keep that talent. >> you hit it on the nail. a few things have been driving in addition to the labor shortage, we have had the highest turnover of the last two decades, ghosting is now an issue for companies, where they give an offer and somebody just

doesn't show up to work. it's been happening more and more, especially when you think about the diversity of the work force we have today. but it's five different generations in the work force which hasn't happened in a very long time. so you are having to address very different needs across different parts of your company, and companies are getting really creative on how to attract the employees they want to attract. neil: i'm wondering, too, there are a lot of jobs that go begging to your earlier point, they can't fill them all because a lot of people sort of turn up their noses if it isn't, you know, 12, 13, 14, $15, i'm not going in there. >> there is actually an interesting dynamic happening that is really causing the hollowing out of middle class wages. higher wages are continuing to grow and lower wages are actually going up as well, so what's happening is the middle income, the middle class wages, that are really forced to make a decision. are they going to get upscaled to get the higher tech driven jobs or will they really be pushed into the lower wage jobs

that aren't growing in the space. americans have to be either upskilling or reskilling. it's a conversation we are actually seeing with employers as well in that they are no longer looking for candidates that have direct experience for the job. the conversation is no longer have you done it. it's more can you do it. neil: what will they have to raise, taco prices and all these other prices, to pay for this? >> the flow-through to consumer? neil: exactly. >> i think there will be a lot of consequences that come out of that. neil: all right. thank you very, very much. very good seeing you. meantime, world leaders coming together on this iran plane crash. more and more saying it does look like iran was behind it, even if it didn't do it deliberately. the black box is going to be shared. boeing is going to get a chance to see it as well. what happens from here? after this.

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american eagles for the amazing price of only $154.00 each. neil: all right. despite the overwhelming sort of dots that are being connected, iran is telling the world we did not do it, show us the proof. more suspicions being raised over that downed boeing jet. fox news pentagon producer lucas tumelton with the latest. reporter: earlier today at the white house, secretary of state mike pompeo became the highest ranking official in the administration to blame iran directly for shooting down that ukrainian airliner, killing all 176 on board. >> we do believe that it's likely that that plane was shot

down by an iranian missile. we are going to let the investigation play out before we make a final determination. it's important that we get to the bottom of it. reporter: iranian officials continue to deny they shot down the plane with a surface-to-air missile. iran's ambassador to the, k says it was a tragic accident but not their fault. >> so we are in fact confident from our side that there has been no missile launched in that area at that time. reporter: iran has invited boeing investigators and representatives from the countries whose citizens were killed in the crash to come to tehran and aid in the investigation. canada alone had 63 citizens on board the plane. after days of chaos, iran finally secured the debris field. there are indications the investigation has already been hampered. much of the wreckage has been removed from the crash site by iranian officials before investigators had a chance to see it. a senior u.s. official says it was a russian-made missile that iran fired that brought down the jet. canada's prime minister demands

answers. >> we have intelligence from multiple sources, including our allies and our own intelligence, the evidence indicates that the plane was brought down by an iranian surface-to-air missile. reporter: the ukrainian airliner was shot down four hours after iran launched 16 short range ballistic missiles at u.s. troops stationed inside iraq. neil: lucas, thank you very much. former vice president dick cheney's national security adviser john hannah says this is still a very dangerous situation with iran so do not assume, this goes way apart from the plane crash that we are out of the woods. very good to have you. what's your biggest worry now? a lot of people were saying all right, this facility was targeted by the iranians in the deliberate hope no one would be injured or certainly killed. we can rest right now, they satisfied their local audience, we have satisfied our local audience. you're not so smitten. >> well, listen, i do think it

was a very good thing what the president did last week, neil. he really reestablished deterrence with iran regarding the all-important question that if you try to harm americans, you are more likely than not going to suffer a very painful -- neil: i'm sorry, i mispresented myself. i apologize. that wasn't the part of it, just the idea that we think the crisis is over now. you don't believe that? >> yeah, no, i don't believe that, because iran has demonstrated over the course of the last six months that they have all kinds of ways to make life very difficult for american interests in the middle east, short of killing americans. they have sabotaged international oil shipping in the gulf, they have attacked saudi arabia and other american allies in the region, they have all kinds of things that they can do to really hurt us, that we have to figure out ways that we can actually deter that kind of activity as well, and convince the iranians that this

form of escalation and military aggression is going to be a dead end for them and that the only way out of the economic death spiral that that regime is now in is through a return to the negotiating table, taking up president trump's offer to negotiate a new and better deal in exchange for large scale sanctions relief for the iranian people. neil: you know, john kerry, former secretary of state under barack obama, had a scathing editorial in today's "new york times" chastising the administration for not just silly strategy but no stratj wh strategy when it comes to iran, saying all these incidents, including the iranians going after ships in the persian gulf and attacking saudi oil facilities, none of that was happening when we still had this iranian nuclear deal, and the president has made it a much more volatile situation. what did you think? >> well, i think, you know, there may be some short-term

truth to that, that once you reimpose massive economic sanctions against a deadly revolutionary regime like iran, they are going to try and lash out. you've got to expect that. but in the context of the nuclear deal, a, iran had a proven pathway if they waited and were patient for 15 years, to probably getting one screwdriver away from a nuclear weapon. at the same time, they would have had 15 years, no sanctions, enriching their regime, making themselves incredibly resilient, buying new weapons, building up their missile arsenal. so that was not a particularly worthwhile strategy either. we were going to face this iranian regime either now, when they are weaker, with economic sanctions on them, or in 15 years when that regime was much closer to being able to finally have a nuclear weapon, and having a much stronger economic base to confront us.

neil: john hannah, thank you very, very much. good seeing you. >> thanks, neil. neil: in the meantime, you know, the benefit of being a freelance worker is that you are free, you know, to write off what you want when you want. i mean, the flipside is not having benefits, but there are some upsides there. then california announced like new york, it's thinking about laws that would make it much tougher to be a freelancer. except for truckers. what's going on there? that's changing everything right now. man, i'm thinking tacos. hey hey! you guys look like foodies. would you like to try our trashy back ribs? oh, that sounds great... everything is locally harvested, farm to dumpster to table. uhhh, what do you... what else do you got? (stammering) w-we have a melon rind stew. comes with a pork and bean reduction. yeah, we're going to just do a lap and we'll come back. okay. well, we'll be here. man! why isn't this working?

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neil: all right. we got the new iran sanctions and i think this was among the things that took a lot of oomph out of the market because digging into the weeds, besides expanding it to a dozen other industries and companies, it also affects those who directly

do business with iran, including a number of chinese firms. how complicating will that be? former republican virginia congressman liberty university business school dean, dave brat, with us right now. always good to have you. i think the added concern is we don't know how far this goes and i know markets sell first, ask questions later, but should they be worried? should they be worried that this might get in the way of any china progress? what do you think? >> no, i don't think in the stho short run but i recommend "deceiving the sky" to the business community and to the political class, especially nancy pelosi and the democrats who don't seem to understand that china is behind iran. iran is clinging to china. china is debating what to do, whether iran can be a client state, but china is iran's number one trading partner. they just concluded $600 billion

in a trade agreement, $400 billion in direct investment reported by forbes into iran by china, $60 billion in the belt and road initiative for china, and that's why china right after suleimani was hit, that's why china came out right away and asked for peace and to go back to the nuclear negotiating table. they want peace and stability in 10 or 20 years because their belt and road initiative for economic dominance comes into play in china 2025 which is the document they have written up. it declares war on the united states of america. the democrats don't seem to get that. their presidential candidates, buttigieg and warren and bernie, all were just completely flat-footed that their condemnation of the u.s. i don't think they know that china exists and they have already taken satellites out against us, they are having joint naval exercises with russia and iran right now in the gulf of oman, and no one is covering this except you. i think you have been covering

this issue and it's huge. china is the 800 pound gorilla in the room. neil: we do know from the past, if you think about it, the chinese have ignored any of these sanctions that have imposed on countries we sort of want to rachet down, the iranians come to mind. they just ignore it. they don't do it so obviously. they sometimes find third market ways to get their hands on that oil, whathave you. but if they were to be so blatant again, i'm wondering even about the timing of a trade deal signing next week. >> yeah. the short run is hard to predict but that "deceiving the sky" quote is informative. the art of war, that stuff, they are very quiet and diplomatic and hugely intelligent. they have been at war with us and we don't seem to recognize that we are at war with them, but they have an economic and technology war plan ready to go. they have taken out a u.s. satellite, they have stolen key

intel on warships, submarines, battle ships, et cetera. it's been reported. so that's the bigger threat. in the short run, it's very hard to interpret because they keep things very quiet. their saying is even their own emperor should not know what their strategy is, much less their enemies like us. so we have assumed the best of china over the past 30 or 40 years but the deep state actor that want peace in this nuclear deal with iran don't get what the real war is. the real war is not going to be nuclear. it's going to be economic and it's going to be a cyberattack coming from china. they are equipped and everyone ought to hit that book, "deceiving the sky." it's all documented right there. neil: crazy stuff. very powerful. thank you very much. good catching up with you. >> hey, you too, neil. great to be on. neil: meantime, we are focusing on events closer to home. what's going on in california. a los angeles judge ruling that

independent truckers could be exempt from california's gig economy law. in other words, they seem to be going after independent contractors and all that. at least the truckers get a card out here. "making money" host charles payne on that. what do you think of this? charles: the judge said that ab-5 clearly runs afoul of the federal aviation administration's authorization act of 1994. you would also think interstate commerce would play a big role here and it had me thinking, i took a lift fryft from new jers new york. i would imagine there's a lot of places, whether chicago, illinois, soon in new york, certainly in california, where you might have those kind of cases, too, where someone is going intrastate and should they, you know, fall under this, should the state law supersede the federal law. neil: new york is looking at it, others are looking at it and i'm wondering how widespread this gets. charles: it's a shame. it's going to be all in

progressive cities where, you know, there's never been any love lost for these kind of so-called gigs. i can remember candidate hillary clinton really only speaking disparagingly about them. it was just the idea that they weren't unionized and they weren't organized and they were being taken advantage of. someone between taking their kids to school, doing a couple of rides and then picking their kid up, somehow is being disadvantaged when it was actually helping them to make ends meet. neil: well said. i don't know what's more jolting, what you just said or the fact you had to take an uber, your limo broke down. good to know. look forward to seeing you in about ten minutes. thank you very much. by the way, this startling development. hooters is trying to go healthy. i will explain. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner.

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neil: you know, california could become the first state, always california, right, to sell its own prescriptions. to fox news 24/7 news anchor brett larson just back from vegas, baby. what is this all about? you get your own prescriptions through the state? >> california has -- they have california care which everyone in california pays for. i believe it's a tax or service fee so that they can provide health care to everyone and it seems as though they will get in on the generic medication business which is big. a lot of -- you hear a lot of these stories where certain, like diabetes medications, one we hear about all the time, where it's thousands of dollars stateside but if you go to canada, you can get it for a few hundred bucks. i think california is probably contemplating going down that same route.

neil: it's cheaper. it will have a certain allure. what do you think? >> i'm having a tough time envisioning gavin's state on pills. i don't know. i'm glad i don't live in california. neil: governor gavin newsom. >> my concern is the quality and the innovation. come on, the government in california, they need to stick to what they should be doing which is taking care of their citizens, especially the ones that are homeless on the streets. it's a horrible, horrible situation. why dabble in something that you have no experience in? neil: he's obviously concerned with the idea that if the states can control or extract price concessions, that it will be cheaper for california residents. >> in theory, that sounds wonderful. you and i both know that when it comes to business, i would rather that be run by the private sector, not by the government. because the amount of cost it's probably going to take to implement that, they have enough tax issues, they need to get their own fiscal house in order first before they try to jump into something else. i wouldn't follow california's business model.

neil: i was just getting -- meanwhile, this is a cultural issue for our times. hooters is apparently introduce meatless, meatless unreal wings. >> so many things at hooters are unreal. why not -- neil: whoa! >> wow. neil: legal? >> the meatless craze is kind of hilarious. i know when i think of healthy eating, i think hooters. it's also kind of funny because a lot of these meatless options you would think would be healthier, they would have some benefit to them. neil: they don't taste bad. >> they don't necessarily provide you with, say, more protein or fiber or more of what you need in your daily diet. but good for hooters. >> i think it's more of a fad than anything. look, if there's a restaurant

that's going to exclusively have meatless food, i'm not going to be there. neil: really. you seem like a healthy guy. >> there's the steak i eat every night. neil: we could draw publicity to you, like burger king discovered with offering some of this incredible alternatives, that all of a sudden people are going to be drawn to you. >> they are drawn to hooters anyway. my husband loves going to hooters and i take him there personally. neil: keep an eye on him. >> we have to look into the meatless menu. neil: i don't know. i think it's a good deal. this was an idea that my colleague and friend brett didn't really want to pursue. the green tea has now been proven to make you live longer. you will live longer. this is the same week we got very very good news on a number of cancers that are at record lows, whether green tea had anything to do with that, i have no idea. this is a big deal. those two together. >> habitual tea drinkers, yeah.

look, i know a lot of people who prefer tea over coffee and they are saying you have longer, healthier lives, 20% lower risk of heart disease and stroke, 22% lower risk of dying from heart disease or stroke. neil: and the meatless. >> add to the meatless -- neil: that's a one-two combo. >> hugely successful. the funny thing i found from this, men benefit from it higher than women but apparently men were a higher percentage of people in the survey. that might have something to do with it. neil: a little caveat. but this is a reminder for a lot of people to eat healthy. we are always thinking it might be a good idea but what if green tea gets a good push from this. >> green tea, just like the gyms, the gyms are full right now. by the time you go in march, there will be a third of the people there. i think it's about moderation. you can drink green tea all day but if you follow that up with real wings and -- it's not going to be so healthy. >> maybe hooters will put green

tea on the menu. neil: we could do worse, guys. i want to thank you all very, very much. >> thank you, neil. always good to be here. neil: a lot more coming up. the dow right now is well off its lows but also well off its highs, where we briefly touched 29,000 and then some. there's a lot of nuances in this iranian crackdown, the latest sanctions. i think a lot of folks in the market are clawing through. that's next. your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk

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by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. neil: taking a look at the dow, all the major market averages right now well off lows of this morning. the dow itself is now down 38 points. briefly gone over 29,000. interesting development rarpding the markets -- regarding the markets the story this year we could see dividend pay top 500 billion dollars. if you are nervous about investing in this market, that's

500 billion i should say. so that's a big deal. people get nervous about stock. charles back to you. charles: stocks are hovering near all-time highs. we saw the lowest unemployment level in history, but held down in losses by manufacturing and mining. what does this mean as we head into the economy 20620? -- into the economy of 2020? i have the best on that. we will discuss if white house sanctions will lead to deescalation with iran. e-mails showing that employees knew about the problems with the grounded 737 max and regulators. all that and so much m