maria bort roartiromo is on the taking the show to san francisco for the jpmorgan health care conference. she will be sitting down with jpmorgan chase ceo jamie dimon tomorrow morning. thanks to ken, lee and mitch for a great show. right now, "varney & company" is up next. stuart, take it away. stuart: i shall indeed. good morning, dagen. good morning, everyone. selloff friday, comeback monday. that's what's happening. the queen's trying to handle meghan. got that. speaker pelosi is pushing impeachment. got that. the mullahs are in trouble in iran and that market just wants to go up. the dow touched 29,000 last week, may make another run at it at the opening bell today. we are going to go up maybe 80, 90 points at the open. the s&p is going to be up about 9. look at the nasdaq, a 37-point pop right there at the opening bell. no recession. the economy is growing. the fed's not going to raise interest rates and gas is dirt cheap. and president trump, he's looking good for re-election.

stocks are going up again. in iran, the mullahs are in real trouble. look at this. crowds deliberately avoiding stepping on the colors, that is not walking over the american and israeli flags. the mullahs, wanted those flags trashed as they have been in the past. the crowd's having none of it. in fact, demonstrators were chanting death to khamenei. it's a crucial time for iran. internal revolt, international pressure, the words regime change are in the air. coming up, jam-packed show for you today. the queen is holding court with charles, william and harry. meghan is attending on the phone, we understand. bernie leads the iowa caucus polls. speaker pelosi brings putin into the impeachment farce and yes, the market just wants to go up. "varney & company" is about to begin.

stuart: you know, monday morning, look at that. green arrows on the left-hand side of the screen. got to get straight to your money. who better to cover it than our own market watcher, mike murphy. good morning. >> good morning. stuart: good monday morning. 30,000 on the dow. what do you say? >> it's coming. it's coming. it will come soon. the only thing that can derail this market is if the economy falls off track. we have talked a lot about potential for a china deal falling apart, derailing the market. we are not getting that. the biggest risk to anybody at home watching your show right now is if the economy heads for a recession, and how are we going to get there? we will see signs of that coming. if and when it comes. right now it's all clear. you can be invested in this market and expect higher prices, 30,000 coming soon. stuart: been in the back of everybody's mind, especially those who have been around wall street for a few years. there's always the feeling look, when you run up like this, and we have had an extraordinary run-up, there is always a pullback. it can be hasty, nasty, harsh, immediate.

it's not a crash, it's a pullback. that's in the back of everybody's mind. >> absolutely but remember one thing. over the last hundred years, the stock market goes up on average three out of every four years. so you are going to get your pullbacks and those are opportunities to buy more. but because most people don't know when that pullback is coming, myself included, it's a great time to be invested in the u.s., the u.s. economy, the u.s. stock market. stuart: yeah, yeah, yeah, it's okay for you youngsters. what about those who are just a tad older? people in their 60s and 70s? they saved all their life, they got their money in the market, they have done really, really well, and they might want to retire very very soon. if they retire and see the market plunge, they're not in good shape. >> they're not in good shape but even if you look back to the most recent plunge in the market, as you say, 2008, that recovery came in under two years. so i think for people at home, the alternative to being invested in the stock market is to be in a bond somewhere getting 1% or 2% return on your money, and i don't think that's a good alternative.

if you are not in this market, to be clear, for individuals, if you have missed this runup, it's a tough call right now to say hey, i'm going to cash in my bonds and get long the market but for most people, they should have exposure to the u.s. stock market and they should stay there, and they should look at any pullback as an opportunity to buy more, provided the underlying fundamentals are still there. stuart: i made a mistake, didn't i. >> you did. you did. stuart: oh, thanks. great to have you on the air on a monday morning. i do freely admit, i made a mistake. >> panicked a little bit. stuart: it wasn't panic. it was rational. i thought the pullback would be coming very very early in the new year. i thought that if i sold three-quarters of my microsoft, if i have to, i can jump back in when the price is much lower. but i missed -- i left a lot of money on the table. >> let the winners run. you did a great job with that so far in microsoft. hopefully if you get that pullback, get back in. ashley: too late now. stuart: why have i become the joke of monday morning? because i asked for it. i walked right into the trap.

there you go. quick question. treasury secretary mnuchin with maria said look, the boeing situation is holding back the economy. actually, we have tape on this. roll the tape, please. >> there's no question that the boeing -- the boeing situation is going to slow down the gdp numbers. boeing is one of the largest exporters and with the 737 max, i think that could impact gdp as much as 50 basis points this year, but you know, we look forward to very healthy growth in 2020. stuart: the boeing situation is bad enough to take something off gdp. not good. >> absolutely. but that's something setting up, stuart, an opportunity for investors because if everything is going great at all times, then you get overinflated markets. you look at something like boeing, if you get a weak read on gdp, if that causes a 5% or 10% pullback in the market or in microsoft, then people can get back into that type of position.

overall, if you want to include boeing or exclude boeing, the united states economy is doing well. stuart: now, i'm going to raise a subject here and spread it out for the entire company. i want to ask you if i made the right programming decision here. we are going to cover meghan, harry, the queen and the buckingham palace meeting which i believe has started already. was that a good programming decision? susan: good. because everybody is talking about it. and there's money involved. how are they going to be i guess paid in the future, does it come from the royals and the taxpayer dollars or do they become financially independent and what exactly does that mean? ashley: there are people like mike murphy who couldn't care less and i hear that a lot from people but there is more interest, there's water cooler stuff and there's an american angle through meghan markle, of course. there is a lot of intrigue. the royal fascination in this country i find really really interesting. stuart: all right. am i wasting my time here? >> i think to their point, people are interested. my kids are interested.

it's big news here in the u.s. but for me -- stuart: how do you explain your kids being interested? >> everything you look, when they are on their phone, scrolling through wherever they are getting their news from, everyone is talking about the prince and the princess or duchess or whatever it is. it's big news. stuart: what do you mean, whatever it is? >> now you have the royal family tied into hollywood. it's made for tv. made for a movie. stuart: it is indeed. show me futures again, please. i want to get back to the real story of the day which is the ongoing profits of the market. we will be up about 90 points for the dow industrials, probably making another run towards the 29,000 level. there you go. now, there's a lot going on with boeing. the new ceo starts today, get this. the former ceo is walking away with, what, a $62 million golden parachute just as thousands of people have been laid off because of the max jet. susan, i think the real story on

boeing is not so much the new guy and the old guy, it's whether or not the max jet ever gets back in the air. susan: i think that depends on the new guy, how well david calhoun does. you know, he has a tough job ahead of him. the new year starts at one of the world's largest plane makers, he steps in as ceo, ten years on boeing's board, also at general electric and caterpillar. known as a turn-around guy, good in crises but he has a lot to do. getting the 737 back into the skies, repairing the faa links and also fixing a company culture where supervisors are called monkeys and safety of planes are questioned internally. but you know, he's stepping in at a time where i think boeing is dealing with a big crisis on its hands. stuart: i bought some boeing with m so of tsome of the money liberated from microsoft. did i do the right thing? >> i think you did. investors will look out further. no one is taking market share from them. these are really two companies that are making these large planes and this -- boeing will

get past this. they will be selling planes in the future. i think -- i'm surprised it hasn't sold off more but this 325, 330 range has been a winning trade. susan: just for the income, we know calhoun will be paid $1.4 million in salary, $10 million in restricted stock off a $7 million long term sinnivincenti muilenburg was paid $62 million, no severance. easterbrook received around 26 weeks of pay. no severance for muilenburg but $62 million in retirement packages. stuart: lot of money. thanks to everybody. check futures. yes, we are going higher at the opening bell today, all across the board. s&p down, nasdaq on the upside. speaker pelosi is finally going to hand over those articles of impeachment. but remember when she insisted it was a very very urgent matter? watch this. >> this is of urgent concern but to understand the urgency that we have right now, nonetheless

it was fair and appropriate and urgent. stuart: well, now she will let impeachment go to the senate. so did she cave? we shall discuss. we are back to the, what is it the mex it summit under way in buckingham palace. we will indulge in the speculation. three weeks from the iowa caucuses, guess who leads in the polls? the socialist, as in mr. sanders, senator sanders. eventually, he might run right against bloomberg, the uber-billionaire. how about that. more on that coming up. this is "varney & company" on monday morning. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me.

this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady.

stuart: in iran, hundreds of thousands of protesters have taken to the streets. some of them are chanting death to khamenei. the authorities have fired on them. president trump says america hears them and is with them.

joining us, walid phares, fox news national security analyst. this is a unique situation. we have not seen anything like it in 40 years. is there any real chance now of regime change? >> there is a real chance of a revolution which could lead to a regime change. remember, all revolutions take time, they go through processes, but to answer your question, yes, the revolt that we see right now on the streets of tehran and 50 other cities is real, and they are calling for the resignation of the grand ayatollah khamenei. it is coming as a result also of other revolts in the region, in lebanon and iraq, so you see the trend very similar to what happened in eastern europe in 1989. stuart: so the iranians have an obvious choice. they can negotiate with their own people and with the western powers, or they can lash out. which do you think it will be? >> look, after the demise of suleimani, there is a division

within the ranks of the upper level in the regime. they are concerned about what we are going to be doing about it in the region and this has translated into some sort of chaos, including the downing of that ukrainian passenger jet. but basically, the iran regime is built in a certain fashion that they cannot make any concessions to their own people. i mean, the soviet union are gorbachev. he took them into a transitional five years before the real change happened here. i'm not sure that this is even possible in iran today. stuart: president trump has warned the iranian authorities not to kill the protesters. but we know that they have used live fire, live ammunition, to shoot some of them. we don't know casualty levels at this point. what do you think president trump might do now? >> first of all, it's very good that president trump has now taken a different direction with regard to iran, in addition of course sanctions, in addition to

making sure that our forces are placed in the right place to defend ourselves but beyond that, going on the offensive is to talk to the iranian people. yesterday, him tweeting couple of those tweets translated in farsi generated the highest number of tweets and retweets in iran, more than 350,000 in farsi language. so that is the first connection with the iranian population and that would give them so much vigor, so much courage to continue, because what happened in 2009, and you remember when president obama was called upon by the iranian demonstrators then in downtown iran to say a few words, he didn't. he actually sent a letter to the grand ayatollah khamenei then. so it is a major change in the direction. let's see in the next days and months how it unfolds. stuart: thanks very much for being with us. see you soon. thank you. >> thank you. stuart: look at the calendar, you will see it's about three weeks to the iowa caucuses. a new des moines register poll

has bernie sanders with a slight edge. he's out in front right there. matt schlapp is with us now. bernie looks like he's going to win iowa and probably new hampshire. he now leads the canned dadidat, doesn't he? >> it's something we have been talking about for awhile. most of the media covers these national polls where joe biden does much better. he leads in most national democratic polls but if you have been watching the early states, mayor pete buttigieg and senator warren -- excuse me, senator sanders have been leading most of those polls so there's a real surge here from bernie sanders. i think the socialists have picked their candidate. they feel the bern. stuart: if you look down the road a ways, i'm sure you are going to be happy about this, but it looks like mike bloomberg is going to spend hundreds of millions of dollars, he spent $200 million already. he told the "times" he's prepared to spend $1 billion. i could just see, what a convention it's going to be.

bernie sanders and the socialists versus bloomberg and the billionaires. that's delicious from your point of view, isn't it? >> it's pretty good. it's pretty good for mike bloomberg because he's doing so well in the trump economy that if he just gets 10% return on his net worth, he actually wouldn't have spent any money. so he can spend a billion dollars on this race or whatever fantastical amount of money he wants to. his biggest problem is the following. the democratic party hates corporate leaders. they hate profits. they don't want the free market anymore. michael bloomberg for them is disgraceful in the fact that he's actually a billionaire. michael bloomberg needs to find a new home and it's not the democratic party. stuart: you know, we hardly mentioned impeachment all morning. but this is impeachment week. finally, the articles of impoochmeimpooc impeachment will be delivered by speaker pelosi to the senate. i think she caved and i don't think she comes out of this looking very good politically. what say you? >> i completely agree. you know, she got so much great press about how she handled

impeachment, was handling the management of the squad, which is why we don't have bipartisan impeachment, because nancy pelosi has to basically do what aoc and the other members of the squad tell her to do, and she was trying to be cute about the timing on sending the articles over to the senate but here's what she failed to understand, stuart. in the end, voters punish political leaders in congress that use impeachment when it looks like it's just political. nancy pelosi acted like she had to do this because of the constitution. we all know the real reason. she did it to hurt president trump's re-election efforts. and the voters now see this naked political power that she's trying to use, and i think the voters are going to punish democrats running for re-election in the house and i think all of this is going to accrue to the president's benefit. there are no democrats who are for impeachment. there are actually democrats who are actually opposing impeachment and there are no crimes. this is a crimeless impeachment.

stuart: it's going to be quite a week, isn't it. matt schlapp, thanks for joining us. always appreciate it. see you again soon. >> great to be with you. stuart: thanks. futures show a gain for the market this monday morning, again. i think i started every monday show like this. here we go again. we are on the upside. the market just wants to go up and so it will, at the opening bell. green arrows across the board. it's the story that everybody's talking about. queen elizabeth meeting with the royal family about mex it. we have the story plus we will discuss prince harry, may already have a job lined up. we'll be back.

my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction,

a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. our retirement plan with voya gives us confidence. we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us.

i'm good at my condo well planned, well invested, well protected. voya. be confident to and through retirement. hey. ♪hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. 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. stuart: again, it's monday morning and here we go to the upside. the market just wants to go up. green arrows for the dow, the s&p and for the nasdaq. just watch them go at the opening bell. now, happening now, i believe, the monarchy meeting in buckingham palace to discuss the future roles of prince harry and meghan markle. wait a minute, ash. if they split and come to america, they can make a lot of money, but that's not allowed. if you're a member of the royal family. ashley: a senior member of the royal family, you are not allowed to earn any income other than from the sovereign grant and money from his father. that is going to be very complicated.

what kind of role, how are they going to be financially independent. let me say this right off the bat. harry has shown no indication he's not going to take his father's money from the duchy of cornwall which is a lot of money, millions. so financially independent is kind of, you know, relative in this case. but yes, can you earn money? well, yes. but does it align with royal rules, probably not. that's what they're talking about right now. by the way, meghan markle was announced over the weekend signed a deal with disney to provost fide voice for an upcom project in exchange for a donation to a charity benefiting elephants in botswana. this couple is very active in hollywood. it's going to get very interesting. stuart: i eagerly await the royal statement at the end of the meeting today. ashley: it's going to be complicated. nothing hard and firm is expected today. stuart: watch this. dow is going to go straight up at the opening bell. 70, 80, 90 points. back with wall street after this. this piece is talking to me.

yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪

this round's on me.eat. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com woi felt completely helpless.hed online. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it.

woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. but she wanted to be close to nature. home. 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. stuart: we are going to open this market to the upside and before we actually get to wall street, i just want to give a shout-out to two police officers in the town of woodbury, new york/new jersey area.

on sunday morning around 6:00, i was driving hastily down the road, hit with a deluge of rain and darkness. i went off the road. very frightening moment but officers medina and roman pulled me out. ashley: good for them. stuart: they don't watch the show but thank you, gentlemen. i appreciate it. the market is now open. we are on the upside, a 50-point gain from the get-go. 53 points higher. i see a lot of green on the left-hand side of the screen there. show me the s&p. i'm sure it's opened higher. about the same as the dow, about .25%. i think the nasdaq is probably up a bit more than that. yeah. first thing monday morning, the nasdaq's up nearly .40%. green arrows all across the board. jeff sica is with us, susan li, ashley webster complete the company membership. little ad lib right there. jeff, let's get right at it.

when do we hit 30,000? >> i think we will hit 30,000 any minute now. stuart: you don't really think that. >> everybody is so exuberant about it so i think eventually, the celebration on phase one is going to bring us to close to 30,000 and then i see the market retreat. stuart: really? you think the signing if we get it on january 15th, is it that big a deal? >> i think it is a big deal for stock investors but what i believe is going to happen is as soon as the euphoria runs off, phase two is going to start to be talked about and phase two is going to bring trouble. that's going to bring a potential decline in the market, a market that has been supported by a fed cutting interest rates three times last year. they can't do that this year. they are out of firepower to keep the market thriving. stuart: but at this runup we hit 30,000? >> yeah. stuart: that's what we wanted to hear.

what have you got? susan: we are 4% away from hitting 30,000 and so we have the earnings season kicking off this week with some of the big banks, starting off q1. people are actually expecting a return to growth in earnings from companies. in fact, i think the average is looking for 9% growth in profitability from big companies. that's a big deal. stuart: 9% growth? susan: 9% growth. stuart: that's pretty good. susan: i think that's very good. stuart: on top of growth in other quarters. okay. susan: that's how markets are valued. stuart: boeing. got to get to that. their fired ceo got a $62 million golden parachute. that golden parachute was confirmed on the same day that 2800 people in the 737 max jet supply chain were actually laid off. jeff, the real story here is not the golden parachute, it's not the layoffs, it's whether or not the max jet gets back in the air. >> that's right. you will find investors are willing to put the past behind them. i too was appalled at this

severance package, when the workers got two weeks' severance, he got $62 million. but the point is, the max jets will be back in the air, boeing will be making money and they will return to normalcy and investors who tend to forget things will put this behind them and buy the stock and boeing will do well. stuart: would you buy it at 330? >> i would buy it, yes, definitely. stuart: because i did. >> that was a smart thing to do. i'm with you. stuart: ford motor company, show me that stock, please. because their sales, vehicle sales in china, down 26%. it's the third year in a row that they have had a significant vehicle sale decline in china. unchanged stock, $9.25 per share. i can't see putting money into ford or general motors myself. anybody want to take me up on that? >> no. keep in mind, there is a glut of cars out there. there has been subprime car companies have loaned money to

buy cars. there's a lot of supply. ford is showing that they cannot disburse the supply like they need to and you also have an economy, you have an overleveraged consumer right now. no matter how the economy has done, the consumer is overleveraged. cars are going to suffer the most. they are going to go first. ford is going to be among -- susan: gm also had a tough time in china as well, down 15% in its recent year of sales. it's a tough market in china right now. we have local players coming in with cheaper cars and also the subsidies from the chinese government have pretty much run dry unless you are an electric car maker like tesla. stuart: people invest in growth stocks these days. general motors and ford are not growth stocks. >> no. stuart: gm has been bumbling around the mid $30 a share level. ford can barely escape $9 a share. ashley: they put all their eggs in the electric basket. that's not showing great signs of life. stuart: there's no growth there. the real growth is in the stocks

like, what, apple and microsoft. isn't that the story you've got for us today? >> well, yes. ashley: the "journal" says whatever happened to value investing? these value stocks, is it dead, stocks trading at low prices relative to earnings and no, over the last decade we have had apple and microsoft dazzling people. they want the growth and continue to pull forward. susan is pulling a face. this is what the "wall street journal" came back with and they say will it bounce back, these stocks, these value stocks and they said eventually, yes, but for now, people want the growth. stuart: as long as the companies keep reporting growth, the stock keeps going as a growth stock. that's what's happening here. susan: how can you say that making $60 billion in profit each year, it has no value? for apple at least? i feel like at least they are putting out the money to justify the levels that they are trading at. stuart: on your screen now, all three of them, facebook,

alphabet, tesla, they have all made all-time highs. tesla, $500 a share. susan: wow. stuart: how about that? here i'm saying don't invest in a car company and tesla has gone to the moon. >> the big question obviously, are these companies getting too big, is the government going to step in with antitrust to break them up, make them smaller. you have a lot of the talk out there. stuart: i can't see it. >> it's happening. you have a lot of investigations -- stuart: yes, it's talk. just imagine they really did want to break up alphabet, for example. it would take years and years and years and years. they would mount a legal defense, they would spend $10 billion on a legal defense. hold it up forever and a day. >> but the question is, will it slow the growth of these companies. the fact is, i'm very against antitrust. i think it's very nonconstitutional. but i think the reality of it is, it could slow down this breakneck growth and price appreciation, and these stocks that everybody is crowding into. i mean, they are moving the

indexes like no other stock and it is true that value stocks need to catch up. stuart: facebook has just gone straight up. over the last six, eight months, there's barely a day goes by -- now it's $219 a share. by the way, tesla earlier hit $503.49. >> they barely make any revenue. susan: 10% of the sales at ford and gm, alphabet, by the way, nearing that trillion dollar valuation. they joined the trillion dollar club. stuart: is alphabet a trillion dollar deal now? it must be very very close. of course, tesla, they've got growth possibilities. they can sell more cars, because people will buy them. >> i don't like tesla. i don't like tesla. i can't -- i can't jump on the band wagon with that. they are going to have competition from other car companies making electric cars. stuart: what else have we got? we've got the dow opening, what,

50, 60 points higher. we are now with just a 30 point gain, a fraction of 1%. we did not at the opening bell go close to the 29,000 level. take a look at the ten-year treasury yield. we like to keep in touch with that. moving up, the yield up to 1.85%. we think of that as a relatively bullish signal for the economy. check the price of gold. where is it today? it is down six bucks at $1553. not much action there. the price of oil, all the way back to $58 per barrel. yeah, $58.45 as we speak. oh, what a difference that couple of weeks makes. amazon firing employees because they leaked customer e-mail addresses and phone numbers. more on that? ashley: second time this has happened this week where we have had word of employees being fired. in this case, we don't know how many employees were actually fired, and what third party they were selling these e-mails and phone numbers to. but it is an issue.

earlier, the separate incident, we had those employees who worked for ring, the doorbell camera, were accessing customers' video feeds without permission. so that's not good. look, this from amazon, the individuals responsible for this latest incident have been terminated and we are supporting law enforcement in their prosecution. you know, third parties are desperate for information about people and if they are willing to pay a pretty penny, these people, some people apparently are willing to, you know, provide that information. stuart: last word to jeff sica. 30,000 on the dow within, what, one month, two months? >> i would say within the next two months, then after that, it's going to get ugly. stuart: got it on videotape. it's on videotape. thank you, ladies and gentlemen. thanks, jeff. check the big board. now we are up 28 points, 28,852 is where we are. billionaires are surviving the 2020 race and then some.

other democrat candidates preach income inequality. what a difference between billionaires running the show and the rest of the pack on income inequality. does this mean there's a chance we see mike bloomberg or tom steyer taking the top spot? against the -- i don't know, we've got that coming up in the 10:00 hour. does speaker pelosi finally cave to the growing pressure for democrats? roll tape. >> i've always said i would send them over so there shouldn't be any mystery to that. stuart: well, there was a delay, certainly. here's why she's now accusing senate majority leader mitch mcconnell of supporting a coverup. president trump taking credit for cancer death rates hitting the lowest in recorded history, at least some cancer death rates. next i ask alex azar about that.

stuart: i thought we were going to go negative for a second. we bounced back a bit. now we are up 26 points on the dow. target has a new strategy. open smaller stores in affluent neighborhoods. is that strategy working for them? jackie deangelis in manhattan with the answer to it. jackie, is it working? jackie: it seems to be working, stuart. i'm here in the heart of the upper east side, very affluent community. behind me, a target microstore that opened up just before the holiday season. the point of this type of store is smaller than normal target, is to get people to order online, get their products shipped here, they can pick them up, they can return them, maybe they will buy some more when they're in the store as well. listen, target revamped its whole style, if you will, online and in-store experience, and it is one of the retailers that's

working right now when so many are shutting stores. you walk into this store, exposed pipes, very clean, products laid out really nicely, and you cannot beat target prices. now, where this location is, there was a mom and pop here called gracious home and they were forced to consolidate into a much smaller space so that target could make way. a lot of the moms on the upper east side tell me i get my paper towels there, i get my laundry products there, my cleaning supplies, because they are cheaper than the local grocery stores. couple of things i want to tell you. target visitors, about 24% of them make over $100,000 so the ceo is saying i want to grab that market. also, if you've got target in your portfolio, look at that stock price over the course of the last year. it's up roughly 85% since its 52-week low. last point i will make on this. this is not just a lower end store strategy. it's high end, too. the nordstrom flagship store bringing a lot of people in with its order online, get it here,

return, et cetera. back to you. stuart: got it. that's target. jackie deangelis, thank you very much. now, do you remember this tweet? it came from the president last week. i will read it for you. u.s. cancer death rate lowest in recorded history. a lot of good news coming out of this administration. i believe also part of it was you're welcome. joining us now, alex azar, secretary of health and human services. mr. secretary, it seems like the president was taking some credit for these much lower cancer death rates. you think that's legit? >> hey, stuart, good to see you. what the president is saying is the good news on health care just keeps on coming out. what's driving these cancer rates, it's about prevention, diagnosis and treatment. prevention, we've continued the historic decrease of cigarette usage in the united states, that trend line is continuing. so fewer people getting cancer from, say, lung cancer. then when it comes to diagnosis, we are getting people in for mammography, for colonoscopy,

for other screenings earlier. then in terms of treatment, we are improving historic levels of generic drugs, including immunotherapy treatments to deal with cancer. then in the president's state of the union last year he called for historic pediatric cancer initiative that has now been funded by congress that will bring new therapies for kids suffering from cancer. stuart: would you say that cancer death rates would not have declined so much had it not been for the trump administration? >> well, what president trump is doing is continuing all of this great work on prevention, diagnosis and treatment and certainly at fda, our continued leadership there driving new therapies to come out to make them affordable for new generic drugs but also making sure that the most innovative therapies like gene therapy and immunotherapy products are actually able to get approved and get into the hands of patients and also, the president passed for the first time ever the historic right to try

legislation so that people suffering from cancer actually have the right to try products even if they haven't yet been approved by the fda. stuart: okay. now, the trump administration reportedly wants the supreme court to wait until after the election for a ruling on obamacare. why do they want to wait until after the election? >> well, stuart, it fits the message we have had all along which is for people to just keep calm and carry on when it comes to the affordable care act and this litigation. right now, the fifth circuit, the u.s. court of appeals for the fifth circuit, agreed with president trump that the individual mandate is unconstitutional. but what the court said is we need the district court to go back and look through every single provision of the statute and see what does that ruling mean for the rest of the statute. that will take considerable time and a lot of analysis. it is way too premature for the supreme court to get engaged. they come in at the end of proceedings after a thorough consideration and ventilation of every issue.

it's now back in the hands of the district court and that will take some time. that's the position of the justice department. the message for the american people is president trump and i have committed as long as the affordable care act is there, we are going to run it as good as we possibly can, we are going to make sure premiums are as low as possible and that you have as much choice and that's what we have been year after year delivering on, running this program better than the guy whose name is on it. stuart: i understand that. secretary azar, thanks for joining us, sir. see you again soon. thank you. i think you know casper, the mattress company, they are going to go public. what other unicorns or ipos are on tap this year? susan: it's supposed to be a big one but after last year and given the performance of uber, lyft and what happened with wework's implosion, i think the whole ipo market has probably become a little more quiet. casper is trying to i guess test the sleepy ipo market, filing on friday. casper worth around $1.1 billion.

airbnb supposed to be the large one this year. will they go public? i think that's still a question. we have heard from the founder of airbnb saying he wants to finally tap the public market at some point in 2020. other big ones, door dash, the food delivery market is very competitive, needs a lot of money. draft kings will do this in a different way because they are being bought by another company. they will list under that code and that name. postmates part of the food delivery ecosphere as well. it will be interesting to see if they can recover from what people call a disappointing 2019. stuart: should be a big year, but will it be? open question. fair enough. thank you. check the dow 30. we have come back nicely. we are almost on the downside but bounced nicely and at least two-thirds of the 30 dow stocks are in the green. they are up. ford motor company, vehicle sales in china down 26%. third straight year of declines. we will see more trouble for ford in 2020? we will figure out that one for you. the stock back to $9.18. we mader members like martin.

an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. usaa

and with the sxfinity stream app, screen is your big screen. which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app

and watch all the shows you love.

it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic - woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. stuart: we have bounced back nicely, thank you. we are up 54 points now, 28,878. general motors resurrecting the hummer. just the hummer name, actually. because they are going to turn the old hummer into a new all-electric pickup truck. what's this?

hummer going green? gm going green? gary gastelu? >> army green, right? the new one is going to be a reboot of the name, all new model. it's not going to be the old one converted to electricity. we will see something new with the hummer name, according to the "wall street journal." there has been talk about this for the past year or so. gm hasn't knocked it down so it sounds like it's going to happen. probably be a model within the gmc brand rather than trying to restart the entire hummer brand as a stand-alone which would be, you know, a marketing nightmare, really, just logistically. but look, this is a smart move. they are getting a lot of buzz over bringing back the name. stuart: they aren't making any money on it. >> here's the thing. the old hummer made a lot of money. they didn't sell a lot of them. best year for the h2 was about 35,000 a year. it was usually under that. they are selling 20,000, 25,000 very expensive electric big suvs, they can make a lot of money off it. stuart: is every car company in the world going to convert every one of its models from combustion engine gasoline to electric? are they all going to do this?

>> maybe eventually. right now, there's a lot of different strategies. ford and gm, fiat chrysler is not big on it, toyota not big on it. they are doing more hybrids. stuart: you have chrysler, toyota, honda, but everybody else are all going to electric. >> long-term. again, with gm, they are working from the top down. they have an electric cadillac, an electric hummer. it will be awhile maybe before we see another affordable one like the bolt which hasn't sold well and i'm sure hasn't made much money for them. again, this is about creating buzz. i don't think the name's going to matter. what's going to matter is this is great looking, exciting truck that's got the kind of performance that tesla is promising. with the cybertruck, which we know people are excited about, they've got hundreds of thousands of orders for that, according to them. stuart: the only car company with buzz is tesla. >> it's hard to get. that's something that's hard to get. they've got something that no one else will ever be able to recreate. although there's a company starting up in the u.s. that's doing pretty well on their own.

but again, it's all the rage. a new brand that has deals with ford, with amazon, to build its own electric suv and pickup truck that's going to be coming out later this year. stuart: what's it called? >> rivan. they bought the old mitsubishi factory. they have $3 billion worth of investment last year. again, amazon and ford in on it big. if general motors again can come up with something exciting that can compete sort of with the jeep wrangler which people buy because they like the way it looks, they have got an electrified plug-in hybrid jeep wrangler coming out this year, won't be fully electric, there's a lot of promise. that said, folks have been waiting ten years for a new hummer. i don't think those folks have been waiting for a new electric hummer. this is about finding a new audience and getting some buzz off the brand name. stuart: both those people will give a thumbs-down. that's my personal opinion. gary, thank you very much, sir. truly chaotic protests in iran. president trump standing with the people. that's the theme of my take

coming up top of the 10:00 hour. people are leaving california and new york city. they are going to red states. how this exodus could shake up our nation's political landscape. got the story. speaker pelosi is bragging about impeachment even if that means the president stays in office. what? roll tape. >> this president is impeached for life, regardless of any gamesmanship on the part of mitch mcconnell. there's nothing the senate can do that can ever erase that. stuart: sure looks like it's purely political to me. big hour of "varney & company" coming up. we'll be back after this. 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 . . 2.

start roomba. we got this... don't look. what? don't look. lets move. ♪ mom. the lexus es, eagerly prepared for the unexpected. lease the 2020 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer.

stuart: all right. let's go with this. in iran the mullahs demanded the crowds step on the colors. that is walk on and deface israeli and american flags. that is their way of keeping people in line against the great

satan. they called upon them to do it in the past and they did it. but over the weekend the crowd celebritily walked around the colors, avoided stepping on them. the mullahs should be worried about that. when they hear chants of death to khamenei, instead of "death to america," they know they are in trouble. it is a revote, broke out of the capital tehran and spread to other cities. it is a revolt against incompetence and lies surrounding leadership downing of the jet. it is revolt of economic collapse and endless war. it is revolt encouraged by president trump. he tweeted in farsi, that is the iranian language. my government will continue to stand with you. your courage is inspiring. he warned the mullahs in english, not to shoot the protesters and don't ever threaten the united states again. serious stuff. iran's islamic revolution is 40 years old and has never been challenged like this before. certainly not by the obama

administration which offered no support to protesters and actually put billions of dollars into iran's treasury. it is president trump who has pushed iranians into a box. he holds on to a hard-line and it turned the iran situation upside down. two weeks ago, qassem soleimani was organize attacks on americans and threatening regimes throughout the middle east. now he is dead and iranians turned against their own leaders. no other recent president has been able to do this. iran has been ruined by the islamic revolution. it is president trump who is giving the irv iranian people their best opportunity for a return to freedom and peace. the second hour of "varney & company" is about to begin. ♪. stuart: general jack keane is with us, retired four-star general. welcome back, sir. good to see you again. >> glad to be here. stuart: what chants of regime

change prompted by this internal revolt of iran? >> first of all, stuart, let me say your remarks just then were absolutely spot on. in 40 years this regime has never feared its population the way they do now. they are back on their heels, certainly because of the sanction campaign. back on their heels, reeling from the fact that soleimani has been taken down as one of the major culprits of their entire foreign policy and foreign wars. what is so interesting, is that the people in the streets, they know that the economic sanctions are impacting their lives but they are not, i say they are not holding america accountable for that. they're holding the regime accountable for their ineffectiveness, for their corruption and for the fact that they are conducting these foreign wars at the expense of the people's quality of life. it is really quite remarkable what has taken place. i do believe that the president

and leaders in america, i'm hoping that the european leaders start to fall in here as well, in appealing to the iranian people, supporting them morally and psychologically, that this pressure is just going to rise and become very, very significant. the phony, staged protests of the funeral procession is over where, the regime enlisted university students, military and in civilian clothes and government workers released from work and told to participate in the demonstration. that was short-lived. that's over. this is normal. civil unrest in iran. seven cities now, hundreds in each city, it will be tens of thousands of in each city. it will continue to grow. stuart: can we keep them in the box? >> the iranians are going to do everything they can to try to get out from underneath these economic sanctions but look at

it. everything that they have tried has failed miserably. disrupting the oil, shooting down american drones, attacking americans, all of it has backfired on them. and they are still in the box. what i think is going to happen here, the united kingdom will be the first country to break out and begin to support the united states because of the leadership of boris johnson. then i believe france and germany will follow and iran will become that much more isolated. we're moving in the right direction here, stuart. stuart: got it. general keane, thanks for joining us as always. see you again soon. >> good talking to you. stuart: you too. check the big board. we come back a bit. 40 points higher for the dow. 20,864. the. look at the retailers, we received some huge, i think i'm using right word, very big numbers on holiday spending. ash? ashley: enormous. in the holiday season, november and december, online spending in

the u.s. $142.5 billion. that is up 13.1% year-over-year. 100 billion sales mark was reached six days earlier this year on december the 9th. it was december the 15th the year before. interestingly, smartphones accounted for 84% of last holiday season's e-commerce growth. smartphones. they call it bopus, bought online, pick up in store. that was up 35% year-over-year. these numbers are truly, truly impressive. shows you the power of online. 142.5 billion. you're choking up over this, aren't you? stuart: i'm astonished. 13% increase over last year. very big. thanks, ash. >> sure. stuart: china's delegation arriving in washington today for signing of phase one trade deal. that is signed wednesday we understand. edward lawrence in washington. edward you have new economic numbers on the trade war and

the, what is it the tariffs. not as bad as we were expecting, right? reporter: it is interesting. the administration has been able to thread the economic needle. unemployment tieing a 50-year low. we have job growth creation that is very strong. in december of 2018, there was a cfo survey from the duke cfo. that survey said nearly half of cfos in the u.s. thought there would be a recession by the end of 2019. the sun came up here in 2020 still no recession in site. the president uses the dow as a gauge. the look at that the dow when trade talks started was april 6th 2018. from that date until today, the dow has gone up 20%. not bad. there is weakness in business investment. and some weakness in manufacturing. but again the economy is just humming along. before i go, stuart. some quick breaking news here. the foreign exchange report with china is going to come out sometime, according to an administration source before the trade talks are signed n the

report a source in china tells me that the chinese will be removed as a currency manipulator. that is important, because china won't sign the phase one report until they're removed from that list. stuart: that is part of the deal. interesting. edward, thank you very much indeed. i want to bring in scott martin, our market watcher. scott, i think you're a little worried about china trade, because we figured it was off the table for the rest of this year. but, i just want to bring up jeff sica on the show early this morning. he said look, it's the china trade phase two and wrangling about it that could really upset this bull market. he thinks that is going to happen. is that your problem too? >> potentially, yes, stuart. given how phase one went and is going so far. there are some rumors some of the language got changed via translation mechanickisms. that is something to watch when we get this signed to see what is in phase one.

agree. phase two is not a done deal. not a given. it is certainly down the road. that may be part of the trade deal that has real teeth in it. that is something we wait for. stuart: do you think we'll hit 30,000 on the dow real soon? >> march 3rd if you want exact date. once we get through earnings. we have a big earnings season coming up. i think that will get us close. i'm more excited about nasdaq 10,000, i think comes in february. stuart: nasdaq 10,000. okay. i missed that. tell me when you think nasdaq will hit 10,000? >> i think late february. we start getting big tech earnings. they have been hitting home runs last couple quarters. i think that powers nasdaq over 10,000. of course all the mutual funds and asset managers acquiring tech companies as they have to, see inflows. i think we'll see it then. stuart: i sold microsoft too early. that is a fact. scott, good to see you. stuart: all right. there is indeed a big meeting at

buckingham palace. it is going on right now. the royal family talking about harry and megan's future as royals. they want out. the queen's upset. prince william is sad. royal drama indeed and we are on it. we covered the tax exodus a lot. at least 3.2 million people have left illinois, new york and california for lower-taxed states, 3.2 million. how will that change the political landscape? it will you know. we have the story later this hour. democrats will be debating tomorrow in iowa. a new poll shows bernie sanders is on top. what happens if he gets the nomination? second hour of "varney & company" just getting started.

stuart: up 17 points for the dow industrials. all-time highs facebook, alphabet, tesla. facebook, 219. alphabet 429. almost close to being a trillion dollar company. look at tesla. 504. apple, just hit three 12 right there big gain for beyond meat. up 11%. democratic front-runners continue to push their planning big time to raise taxes on the reach. voters knot too keen. ashley: no, support for that is declining to university of michigan puts out a survey. 43%, still quite a high number, 43% of consumers said taxes on

rich would help the economy. however that is down 49% from just a year ago. number of people who said taxes would harm the economy went up to 31% it was 22% in 2018. stuart: that is real reversal. ashley: that momentum is heading in opposite direction, that is bernie sanders and elizabeth warren basing campaign. stuart: more people think it hurts, less think it helps. that has not stopped bernie sanders in iowa. the caulk with us is three weeks away followed by warren at 27%. joe biden is down to 15%. matt macoviak join us now. if you combine sanders, warren,

socialists, they're way out front. presumably supporters would support each other. at the moment socialists have got this sown up, haven't they? >> that is a great point, stuart. appears the both the candidates want to stay in for quite a while. so i don't think that combination of the support is likely to happen anytime, probably before super tuesday in early march. what is interesting here, is that, yes, "the des moines register" poll, which came out late friday did show bernie in first place. he has been rising in iowa. the public polling has shown that, but, this is all coming at a time when the impeachment trial in the senate could begin as early as wednesday taking the five democratic u.s. senators off the campaign trail, out of iowa and basically locking them down, requiring them to sit at their desks six days a week until it is over that may hurt sanders. it may hurt warren. it will hurt amy klobuchar who is rising in iowa. it will benefit joe biden and pete buttigieg.

stuart: just look down the road aways for me, will you? i see mike bloomberg spending $200 million so far. and he has told "the times" that he can spend up to a billion dollars to beat donald trump. go forward to the convention and i'm sure that all that bloomberg money can buy significant numbers of delegates whereas also the socialists, warren and sander, they will be coming on strong. you face this convention where it might be split between the billionaire and the socialist. now that that is dramatically split party, isn't it? >> the democrat primary is in factions. we never seen factions as it is. never seen four or five candidates this late. because they allocate delegates proportionally, unless someone gets significant momentum, this

may go on for a while. could you have three or four people win the first four contests. you are right to point out bloomberg his spends has never been tried that level. no one has skipped the first four states and fully funded super tuesday, with paid television. he is hoping the first four states go to different people and he sweeps in on tuesday, takes lion's share of in media market heavy states like texas and california. to me i don't even know we want to evaluate where the race stands until after super tuesday. bloomberg es injection of hundreds of millions of dollars between now and then is a game-changer. stuart: let me play the fame, fast forward to november and suppose it is president trump versus bernie sanders or elizabeth warren, a socialist. do you think that the president wins hands down? >> yeah. i don't see a path for bernie sanders to defeat donald trump. i don't see one at all. as i think one of the obama lead

strategists recently said, that they believe bernie sanders is who donald trump would like to run against. you know warren i think her ideas are pretty similar to bernie's. she has the risk of being painted as an extreme candidate. she is a little bit more tactful, and she moved a little bit more to the middle than bernie has. i think her big spending proposals are not going to find much success across the middle of the country. if i'm trump i would like to run against either of those candidates. because he has a real opportunity to win back independents and voters in the middle, particularly in the rust belt. three states will decide the election. michigan, pennsylvania, wisconsin. if trump wins two of three he will get reelected almost irrespective of any other factor. stuart: by the way he goes to wisconsin for a rally tonight. matt, thank you for joining us. see you again soon. >> thanks. stuart: seattle seahawks player marshawn lynch known for being short with the media. he spoke to the press last night. what brought him out of his

shell? financial advice for younger players. it's a fascinating tape. we'll show it to you. 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. ♪ most people think as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.

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. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this?

the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. stuart: as you're looking at modest gain for the dow industrials. let me make a quick correction here. the president goes to wisconsin tomorrow night. this evening he goes to new orleans for the college football championship. so it is new orleans tonight, wisconsin tomorrow for president trump and the dow is up 19. a member of the fox television family got pretty good news on the air yesterday. tell me all about it. ashley: jim johnson, former

coach of dallas cowboys, he won two titles with them. he got a surprise at halftime. >> you will be the 328th hall-of-famer into the pro football hall of fame. ashley: being inducted into the hall of fame. fame. and, you know, as he went to respond, we don't see that, he choked up and cried. then they took troy aches man, who was calling the packers game against the seahawks. he was choked up, emotional and cried. it's a big moment for him. stuart: did you know that fox is suggesting because fox has the super bowl, fox is suggesting that you take the next day off. i don't know whether they think there should be a national holiday, just take it off. ashley: something to think about. stuart: you have to stay up very late. ashley: hard to call in sick on the day of the super bowl. you will not be believed. stuart: we're still on football, ladies and gentlemen. seattle running back, marshawn

lynch famous for a man of few words, but he opened up yesterday. susan: marshawn lynch, beast mode they call him, he came out of retirement, he talked about retirement for those still playing. money equals chicken. take a listen. >> a valuable time for young dudes. take care of your chicken, your family. if it was me, or i had the opportunity to let youngsters no something i say take care of y'all money, african [bleep] don't last forever. stuart: just to be clear, he was taking care of your chicken, take care of your money for young players. susan: he is on the other side of retirement. "sports illustrated" eight out of 10 players ran into financial stress two years out of retirement. national bureau of research, one

in six nfl players file for bankruptcy. stuart: that is terrible thing. prince harry and his brother meeting with the queen. they will discuss harry and megan's future roles as royals. they announced they would step back from royal duties and senior royals. what a story. they want to come to america, make some real money. ♪. 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.

through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence.

♪ will you still need me, will you still feed me, when i'm 64 ♪ stuart: paul mccartney was 16 when he wrote the song. ashley: on piano in the front

room. stuart: that is prescient. do you remember this song. susan: should we ask paul mccartney what it is like to be 64. ashley: can he remember that. stuart: close to 75 now i think. pretty close. let's move on, prince harry, megan markle want out of their royal duties. the queen says, not so fast. ash? ashley: yeah. stuart: we all know they want to come to america, to make money to make money to get away from the paparazzi. haven't they gotten a job with disney. ashley: duke of sussex has hired a hollywood agent. this was from the premier of "the lion king" last summer where you see harry talking to disney ceo bob iger. roll the tape. [inaudible]. ashley: harry pushing bob iger

himself. it is hard to hear. if you can read the screen. he talked about, you know, you seemed surprise. she is really interested says harry. they have done the deal. she has been signed up to a project. we don't know what the projects is, in exchange for a donation to a elephant sanctuary in botswana. prince harry, duke of sussex, supposedly a hollywood agent. stuart: you're not supposed to make money. ashley: if you're a senior royal, you're not allowed to earn any income, period. that is what they're talking about now. how do we get past this. stuart: don't get into politics. don't make money on the side. don't play off the monarchy. because of connection to the royals. >> by most standards they are already wealthy but it is complicated. stuart: isn't everything? we held on to a small gains for stocks all morning long. it has been like this the entire

session. we're one hour into the monday morning trading session. we're up 18 points. there you have it. the oscar nominations did you know they were announced earlier this morning? i just found out about this. susan, you have details. susan: i do. the joker got more than 10 nominations. netflix, 24 oscar in other words, the irish men, marriage story and the two popes. it will be probably mean the "joker," best actor, best apdad the screenplay. the "joker" is riding high into the oscar activities. stuart: netflix has 24. susan: 24. if you want to include documentaries. nominations. stuart: amazon got anything? susan: i don't see amazon, from what i see, no. not this year. they won for, remember manchester by the sea and casey affleck westerning best actor that year. stuart: streamers can win an

oscar? susan: right. but since that win by casey affleck the streamers now with their movies like "the irishman," one has to be on big screen and limited release. according to robert de niro and martin scorsese, if it is not on the big screen, you're making television. stuart: okay. steven is back with us, cb 42 managing partners. welcome back to the show. in your estimation, you have sign the oscar nominations. netflix got 24, seems streamers, netflix did quite well out of this? >> they did. this has been a focus for netflix the past few years of the at the end. day they want to look, prove to a-list directors and a-list actors you can still work with us and be oscar worthy. what they did with "roma" last year, they spent four times the budget of the film, oscar marketing, getting it up for

awards if you like. all about they want a-list folks to work with them, so they can produce better content to get more people watching. stuart: they're really making a lot of progress, aren't they? seems to me streamers, netflix and amazon and all the long line of them, they're replacing the old line hollywood studios. seems like there is a transition here? >> we're seeing a real turn. the turn there is a wide array of places that are really focused on making great content. the reason is obvious. as the distribution of content fragments, as there is more and more options for people to watch, an more and more places that they can potentially subscribe to, the key reason that people subscribe is exclusive content. content they can't get anywhere else. that's the game now. netflix is all in on the game. has been for a while. amazon is all-in on that game.

apple is all in on that game. disney has always been all-in on that game. the challenge is, really going to be as you look forward, who do you believe is going to have that pipeline of great content? that is why it is so important for netflix. they want to say look, come with us. you can win awards. we'll put support behind you and that matters in the industry. stuart: do you have an opinion on who, which streamer is producing the best content? >> well, i think that you have to look at it through the lens of which content is connecting most and, all of them have strong arguments, right? amazon has done phenomenally well with both their long form content, movie content as evidenced by manchester at the sea and the like, but also with things like "man in the high castle" and other shows they produced. netflix has done well with things like "stranger things"

really taking off, the fabulous miss maisel. disney has a wealth of franchise content lying within the success of the man -- "the mandalorian," it will not be in any awards but it drives viewership. all of them are going after it and going after it hard. the real question who will do it consistently and who will be able to create those long form series that keep people's attention. stuart: good point. good point. i'm hooked on netflix at the moment. it is only streaming service i got. i do like it i say. steven thanks for joining us. keep us up to speed on streaming contest. >> you got it, stuart. stuart: new ceo, david calhoun takes over at boeing today, former chief dennis muilenburg he is leaving with a huge golden parachute. that is the form, that there is

on outrage about the size of that. susan: muilenburg got $62 million. unlike easterbrooks got 26 weeks of severance when he left the company, muilenburg got nothing. if you look at it, arrow spirits, supplier to boeing, fired 600 employees. they may have gotten a few weeks of severance packages. because of 737 grounding this affected suppliers and also airlines, boeing is projected nine billion dollars of compensation to the families of victims and airlines as well. it is a new era of boeing. a new ceo david calhoun is stepping in. you want to know how much he is being paid to step? stuart: tell me. susan: 1.4 million in basic salary. he gets 10 million incentives

and 7 million incentives long term if he hits certain levels and projections, the real story when will the max jet get back in the air, that is the real story isn't it? susan: that is what they want the new guy to do. hopefully he will repair the plane and faa links. stuart: boeing 333 as we speak. look at boeing, the company can view millions of patient health records in most states. this seems to be a problem with the privacy. ashley: there is no privacy. we keep saying. if you expect it, good luck. 75% of states can allow viewing of medical patient records and it allows identifiable information about patients without their or their doctor's knowledge. the company and health systems argue that data sharing can actually improve patient out comes. that has been a big, big part of it. you can know about someone faster, quicker have access to more information. it says the health efforts are not connected with the advertising business at all.

of course this doesn't sit well with people that say. you know everything about me. now my medical records? that is reality of today. stuart: the stock is now at $1429 per share. that means the company is worth $1.003 trillion. ashley: there it is. stuart: 1 trillion and $3 million. net value now of alphabet. the treasury sanctioning seven venezuelan government officials. tell me more about that. susan: according to the department of treasury, these seven individuals worked on behalf of former venezuelan nicolas maduro. they led a failed attempt to seize control of the national assembly. blocking juan guaido and other deputies from fulfilling their constitutionally elected responsibilities which means taking power in venezuela. look, we've been, what, a year into this? stuart: still there. susan: there is no regime change effectively. if you read "the washington post" the only

people that count guaido as head of venezuela is western press. stuart: maduro is still there. this week, house speaker pelosi will send the impeachment articleses to senate. she held them for weeks, defended her decision to do so. robert ray, former independent counsel, i will ask him, did pelosi cave? we'll be right back. ♪ e

if you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva. serious allergic reactions like low blood pressure,

trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. tell your doctor about dental problems, as severe jaw bone problems may happen. or new or unusual pain in your hip, groin or thigh, as unusual thigh bone fractures have occurred. speak to your doctor before stopping, skipping or delaying prolia®, as spine and other bone fractures have occurred. prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. are you ready? ask your doctor how prolia® can help strengthen your bones.

stuart: been like this last hour. we're up, 30 points. that's it. we feel like the market wants to go up. it is up, not very much. 28,862 the level. we always tell you that apple is on a tear. just look at its performance over the past 12 months compared to the dow industrials. blue line apple, dow the white

line. you can see apple is doing extremely well. this morning it hit $312 per share. that is a new high. we like to tell you about apple. that is where all the money is flowing as we speak. president trump and mike bloomberg spending big on super bowl ads. how much? susan: 10 million each. we're not sure if president trump will do two 30 second ads or one minute ad. every 30 seconds in the super bowl costs you five million dollars. mayor bloomberg, former mayor of new york, is spending big. you seen all the advertisements during the nfl playoffs. he is expected to spend 10 million during the supper -- super bowl which will be viewed by 100 million. he is expected to spend 200 million on advertisements by march. that is more than barack obama spent in entirety of the 2012 campaign.

bloomberg said he would spend a billion dollars which is not that much, given how much he is worth. stuart: super bowl ads with dueling billionaires. why not? susan: white house, presidency. stuart: let's get serious. house speaker pelosi faced heavy criticism for holding up the articles of impeachment. the speaker defending her decision to delay over the weekend. watch this. >> why not wait for the courts to rule? >> because it will be, how long do the courts take? we had, we have confidence in our case, that it is impeachable, that this president is impeached for life, regardless of any gamesmanship on the part of mitch mcconnell. stuart: well look who is with us now. robert ray, former whitewater independent counsel. seems to me, robert, if i make the judgment, speaker pelosi has caved. >> look who is playing games? this is four weeks after the articles likely to come over. what did she get for all of this? she didn't get anything from

mitch mcconnell. mitch mcconnell said you're not going to get a sneak peek at the senate resolution that will be the rules of the road in the senate. you're knot going to get a prior commitment with regard to witnesses. and all during this four-week delay, the house of representatives did nothing. they didn't subpoena any further testimony from including among others mr. bolton. they didn't further litigate with regard to issues that they could have litigated. it is not as if courts don't know how to do pressing matters under emergency applications or writs of mandamus in order to get answers. so they deferred on that. they now are trying to attempt to blame the united states senate and mitch mcconnell for the last remaining argument they can make which is that the process isn't fair and it's a terrible thing that we're going forward here. and if the president chooses to go forward in this way, it amounts to a coverup. stuart: i would suggest that is political bust. >> i think that's right. i mean, i don't think the american people are going to buy that argument.

now, look, we're going to have a process here and we're pretty soon going to be in that process. i imagine as soon as wednesday or thursday of this week. and then we'll see. stuart: next week? >> yes. stuart: when does the trial likely start? >> i think the trial, procedural things need to be accomplished, formal presentation of the articles, president's answer, appointment of impeachment managers, assembly of the president's defense team. that is likely to happen this week. i think major festivities if you will, will happen the day after the martin luther king holiday which is on tuesday next week. stuart: those senators involved in running for presidency. >> they will be tied up. they will be on the floor of the senate. they will be gagged, meaning they don't have a speaking role in the process. they don't have a role until they submit questions. they are tied to the senate until the senate trial resolves itself. stuart: no way in your opinion this president will be removed from office following the senate

trial? >> it is not going to happen. although there may not be at this point the votes to actually dismiss this outright, i think you can look for summary proceedings in the united states, in the united states senate without witnesses to resolve this. i believe that mitch mcconnell has the votes to do that. stuart: it will be done. >> yes. stuart: robert ray, i'm sorry we're so short, big news day. hope you join us. >> before the state of the union address. that is in the country's interest. stuart: absolutely it is. robert, thank you. >> thank you. stuart: droves of people as we constantly report leaving high-taxed blue states like new york, california. that could reshape of the political landscape of the country. we have latest numbers on what is a gigantic exodus. ♪ it'll ruin your house.

so get allstate and be better protected from mayhem, like meow.

stuart: picked up a little steam, up 52 points. 28,875. check out dow component microsoft. i used to own a little bit of it. look at its performance compared to the dow in the past 12 months? microsoft is almost triple the dow's gains. the dow did very well. microsoft did spectacularly well. along with apple, these are the

two companies which pulled in a great deal of money in last 12 months. indeed the last five years. people are leaving high-taxed states like california and new york. they go to red states. we know about this. we heard about this for a long time. ashley: yeah. stuart: ashley will tell us how it shakes up the political landscape. ashley: 3.2 million over the last nine years. well, they're getting out of there, because of high taxes and heavy regulation, but what does that do, the shift in population? some states will gain seats. others are going to lose. by some estimates texas, specifically could pick up three seats, stu. florida, two, arizona, colorado, montana, north carolina are going to each getting one. on the other side, there are those that are going to lose a seat. that would include alabama, illinois, michigan, minnesota, new york, ohio, pennsylvania, rhode island and west virginia. what does it all mean, the net impact? ultimately favor the gop, since five of seven states gaining

seats voted for trump in the 2016 election. but let's be sure some of this migration of blue into red, those people are not changing their opinions, even though they're fleeing high taxes and higher regulations. maybe turning it a little purple in some places. so that is also a shift to keep an eye on. stuart: austin, texas. ashley: very liberal. stuart: all the californians going over there. ashley: exactly. stuart: moving on. for the sixth consecutive year illinois has seen a decline in its population. with us now, illinois policy economist. why are residents of your state illinois, leaving in such large numbers? why? >> we've had the worst population decline in the country this decade and people are leaving in search for opportunity. there is just no opportunity in illinois. the state of illinois now has the second worst population income growth in the country and so, if you are not, your wages

are not increasing very fast, and you're not finding a job, you are going to go elsewhere. stuart: where are they going? i understand that in neighboring indiana, they're building new homes way up, something like 60% gain over the year. so they are going to indiana? >> that's right. people in the chicago area are going to indiana. in fact 1/3 of movers are going to indiana, wisconsin, iowa, kentucky, all border states. so it is really not about the weather. some critics might say, it is just about the weather, it is cold weather people are running away from. actually they're running away from high-taxed climates. places where they can thrive and plant roots for the future. stuart: is there any sign that illinois, sees the light and will start to cut taxes and regulation in illinois? >> well you know, illinois is starting to pay attention. illinoisans are realizing they

are duped by the state government. we had two record tax hikes in the last decade. the fact that people are moving away, that means they're paying attention, they are starting to realize if they stick around they will have to foot the bill for irresponsible government. stuart: doesn't sound like much change is coming. thank you for joining us. come see us again. >> thank you. stuart: sure thing. the chinese delegation is in washington today. they will sign phase one of the trade deal wednesday we hear. the trade battle with china did not hurt the economy. we have numbers to prove that next hour. first, protests escalated in iran over the weekend. president trump came out in support of protesters. wyoming senator, john barrasso joined us. is regime change coming to iran? ♪. 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

stuart: mike bloomberg is worth about $54 billion. that is stunning wealth and he's told the "new york times" that he is prepared to spend $1 billion to defeat donald trump. now, bloomberg is a democrat running for the presidency. some would say he's trying to buy the presidency. certainly trying to buy the defeat of donald trump. isn't this ironic? the biggest gripe of the other democrat candidates is income inequality. the unfairness of the billionaire class, the unfairness of capitalism itself, and along comes one of the richest people in the world who is quite prepared to spend his massively unequal wealth to install himself in the oval offi office. in a trump era we are used to political upset but this takes the cake, doesn't it? the $54 billion man will do his bit to combat income inequality.

i would suggest the democrats listen to larry kudlow, the president's economic adviser. he told us friday the inequality gap is actually closing. the net worth of the bottom 50% is growing much faster than the net worth of the top 1% and that is happening because of a growing capitalist economy directed by a capitalist president. but i digress. fast forward to the democrat convention this summer. by then, mr. bloomberg will surely have bought a lot of delegates and the socialists, warren and sanders, will have racked up a lot, too. can you imagine this? the mega-billionaire versus the billionaire haters, all within the same party in the same convention arena. now, that is must-see tv. come november, it will be trump versus bloomberg. the battle of the billionaires. or trump versus a socialist. incredible. absolutely must-see tv. at this point, it's hard to see mr. trump losing, right?

the third hour of "varney & company" is about to begin. stuart: more on billionaires and income inequality later. first we have this, just in from the trump tweeting on iran. wow, the wonderful iranian protesters refuse to step on or in any way denigrate our great american flag. it was put on the street in order for them to trample it and they walked around it instead. big progress. senator john barrasso joins us now. he's on the foreign relations committee in the united states senate. mr. senator, do you see signs of impending regime change in iran? >> i do, stuart, but remember, we have been there before. i stand with the freedom loving people of iran who want to get out under this oppressive regime, who have been doing what

they have done for the last 40 years. president trump is right, we can never allow iran to get a nuclear weapon. stuart: it's a remarkable turn-around in two weeks, isn't it. two weeks ago, qassem suleimani was organizing protests and now he's dead and the protesters in the streets of iran are saying death to khamenei. that is an extraordinary turnaround. i don't think the iranian regime has ever been in this position before. >> no, i don't think they have. a month or so ago, they were in the streets protesting the increased cost of gasoline and the lowering of the value of their money but what has happened as a result of that, with suleimani under his direction, 180 iranian protesters were killed, 700 were detained and arrested so the people realize when they take to the streets as they are doing today, they are risking their lives in the cause of freedom and the american people stand with them. stuart: let me turn to impeachment. house speaker pelosi says she's going to send the articles of

impeachment to the senate this week. over the weekend, she was explaining why she delayed for so long. watch this. >> i've always said i would send them over so there shouldn't be any mystery to that. what we did want, though, and we think we accomplished in the past few weeks, is that we wanted the public to see the need for witnesses, witnesses with first-hand knowledge of what happened, documentation which the president has prevented from coming to the congress as we reviewed this. stuart: mr. senator, i don't want to be facetious, but this is speaker pelosi's big week and i suspect that she's been somewhat overshadowed by meghan markle. i'm not being silly here but it is a point, isn't it? >> well, it is, and nancy pelosi caved on this. she talks about the public. the public saw through what they did in the house and what she was doing withholding, they saw that as political stunt. she could have called those

witnesses. she chose not to do it. what the house has done has been rushed, it has been partisan, it has been sloppy. the case is very weak. stuart, we have a lot of things we need to deal with in this country. we have to secure our border, we need to deal with roads and bridges. we need to lower the cost of health care and specifically prescription drugs, and now we are going to spend time in the senate on impeachment charges after an unfair process in the house. we need to get on to the work of the american people. stuart: it's a bust. senator barrasso, thanks for joining us, sir. appreciate it always. thank you. >> thank you, stuart. stuart: got some news coming in from the 2020 democrats. new jersey senator cory booker has suspended his presidential campaign. he failed to qualify for the last two democratic debates, including tomorrow's which takes place in iowa. there are still 12 democrats remaining in the field. six will be on the stage tomorrow night. ashley: and cory booker saying we just don't have the money we need and when i can't even qualify to get into the debates,

that seriously hampers our effort to raise that money. so he says i am indeed suspending my campaign. stuart: i thought he would have asked mr. bloomberg for some money because he is spreading it around. he does that kind of thing. deirdre: he also does say he will back whatever candidate is at the top even if it's not him. stuart: booker is out. at least for the moment. for the moment. ashley: suspended. that's one way of saying not completely out. suspended. i guess he doesn't want to admit complete defeat. stuart: i'm going to leave it right there. okay. suspended. got it. earnings season gets into full swing this week. the big banks start the reporting process. actually they start on wednesday this week. jason katz is back with us, ubs managing director. welcome back to the program. >> great to be here. stuart: what kind of profit increases do you think we are going to see, this latest round of reports? >> this next or looking at q4 is sort of a throw-away. bar has been set low.

i think everyone is expecting flat to maybe modestly lower earnings. stuart: this is compared to last year, same period last year, you say flat to maybe lower? >> modestly lower. but no one really in the market cares about that. what they care about is q1 and more importantly, q2 or even the back half of this year, where we expect in aggregate earnings to be up at least 7%. stuart: really. that's the first time i have heard in a long time that the market doesn't care about profits at major corporations. >> well, they care but they don't look backwards. life is not through the rear view mirror. at least the market life. it's looking forward. stuart: okay. so when we get these earnings reports, you've got to look at the call, where are we going from here. look into the future. you say that in the back half of the year, 2020, we should be rising around 7% roughly compared to the previous period? >> correct. stuart: 7%? that's pretty good, isn't it? >> it's excellent. if you think about the last two years, last year, if you would

have told most professionals you are going to have 1% earnings growth, stock market of 30%, they would have told you were crazy. go back to '18. earnings were up 20% and yet the stock market was down 4%, 5%, some similar percent. on balance, earnings and the stock market do follow one another. if we can get that 6% or 7%, 8% earnings growth, you will have a bumpy but positive ride this year. stuart: so the bull market remains intact? i think we have had it now for about 10 or 11 years. it goes into a twelfth year, not straight up huge, but we are still going up? >> look, there's no timer here. this is not like going to a basketball game. you are at a baseball game. if we are in the seventh inning, we could be at the ballpark another two, three hours, you know. get another beer, relax, enjoy. stuart: trouble is, a lot of the people i speak to, professionals and amateurs, people who have got money in the market all know that after a ten-year bull run, sooner or later you get a pullback. doesn't have to be a crash but

it is certainly a pullback. that's what everybody is worried about. >> well, with good reason. this has been the time x market. think about all the issues this market has had to contend with. you know the laundry list. but it keeps on ticking. all these head winds haven't necessarily become tail winds but they have now abated. what's going to happen now is all eyes will be on earnings. show me the earnings. earnings have to grow into valuations. ashley: show me the future earnings. >> show me the future earnings. i think now that trade, at least phase one is behind us, pro-cyclical business momentum areas of the market, whether it be emerging markets that are extraordinarily undervalued, energy which is grossly underperformed, i think looks favorable. so there are still pockets of opportunity in this market. stuart: don't dump it all now. >> absolutely not. stuart: don't run for the hills now. no. all right. jason, thanks very much. >> my pleasure. stuart: we've got some stocks hitting all-time highs today.

start with apple. earlier, it reached $312. it's backed off a little to $311. i'm sure investors will take it. the parent company of alphabet -- parent company of google, that would be alphabet, that stock is now at $1435. that price is now a trillion dollar company, along with apple and microsoft. how about tesla. $504 a share, up 25 bucks. 5% up today. $504 on tesla. i did not see that coming. i just did not see that coming. i say the democrat convention later this year is going to be must-see tv. billionaires, billionaire haters all on the same stage. david avela, go pac chair, grabbing his popcorn for that. he's next. plus aoc after her run-ins with establishment democrats, still says she's a proud member of the party. so why won't she pay her party dues?

$250,000, please. good story. president trump heading to milwaukee, wisconsin tomorrow for yet another rally but he's slipping in the polls there, trailing every major democrat in wisconsin. does he really need wisconsin to win in november? you bet he does. we are on it, too. third hour of "varney & company" just getting started. ♪

stuart: i bet you thought that tax the rich plans would really be very popular. actually not. they are becoming less popular. ashley: on the wane as they say. 43% of consumers surveyed by university of michigan, 43% said yes, indeed a levy on the wealthy would help the economy but it was up 49% just in 2018

so it's heading in the opposite direction, as they say, and look, the number of respondents who said taxes on the wealthy would harm economic growth, that jumped up to 31%, whereas it was at just 22% in 2018. so you can see how the sentiment, the consumer psyche is changing a little bit. wait a minute, if we tax the rich really heavily they won't invest, it doesn't create as much money for the economy, jobs suddenly go away and guess what, workers suddenly get less pay because of added costs. all in all, people are starting to see how that works. stuart: this is a trend i can get behind. i really can get behind that. i like it. i like it. at the top of the hour, i issued a my take and i said the billionaire democrat presidential candidates are surging, their money appears to be working for them. david avela, go pac chair, is with us now. you know, i was looking forward -- looking towards the future, i should say. the democrat convention. mike bloomberg will have bought a ton of delegates by that time,

and the socialists, bernie sanders and elizabeth warren, they will have a lot of delegates. it's going to be billionaire versus billionaire haters. you're going to love it. >> true. it's also going to be former republican mike bloomberg, when he was mayor of new york versus former socialist independent bernie sanders. the democrats could be choosing between two men who neither one were democrats before they got ready for this race to run for president. stuart: it's a delicious split, isn't it? one of the world's wealthiest guys going on about income inequality and facing off against people who absolutely hate billionaires. >> we have a long way to go until then. bloomberg hasn't won anything yet. i would add. but let me also say let's keep in mind that it's gophers, not hawkeyes that are casting the first vote, as minnesota this week starts early voting. and has bernie sanders and

elizabeth warren put money into minnesota in these early voting, where you know bloomberg has. bloomberg's strategy has been all about the super tuesday states. when you have a state like texas that has 228 delegates, you have california which has a huge amount of delegates, we are going to see if bloomberg's bet pays off that he can skip the early states and get to the nomination by winning super tuesday states. stuart: it's a big bet, for sure. david, congresswoman alexandria ocasio-cortez, aoc, is refusing to pay her dues, $250,000 to the democrat party. i'm sure you love that. >> hopefully others will follow her lead. stuart: are the democrats tired of her yet? >> i don't know that they're tired of her. a lot of that caucus philosophically agrees with her and let's also keep in mind, stuart, cortez has voted with nancy pelosi 91% of the time. there might be a lot of talk but when it's actually coming to vote, they are all together. what we can only hope for is

that she gets tired of the campaign operation which is what she says, and she starts her own movement to primary democrats. stuart: david, thanks for joining us. i'm sorry to cut this short. but i've got this coming in from president trump. he's tweeting about cory booker. here we go. really big breaking news in parentheses, kidding. booker, who was at zero polling territory, just dropped out of the democrat presidential primary race. now i can rest easy tonight. i was so concerned that i would some day have to go head-to-head with him. okay. got that one. cory booker has suspended his presidential campaign and the president is mocking him. got it. amazon will have some trouble influencing politics in its home city of seattle. there has been a political change. tell me. deirdre: seattle city council putting forward a vote to ban any kind of political contribution if a company has at

least 5% for an ownership and amazon, by the way, has 9% for an ownership. so this is clearly directed at amazon now. it is expected that this measure will pass. amazon will probably take the city of seattle to court and then just in the balance, that amazon made a record 1.5 million donation last fall to back pro-business candidates and it didn't work. so there are a lot of people saying let them do what they want to do, they're not really moving things around anyway. stuart: i think amazon should simply move. go to texas. go to nevada. just move. if they don't like you and they don't -- you know, they don't want your money, okay, leave. why don't you do that? i would love to see them do that. i really would. but then again, that's just me. all right. the royal family, yeah, they were meeting today, i think the meeting's over. they were meeting about prince harry and meghan markle's so-called megxit. it appears that harry and william have been going at it and i think we've got some kind of statement from the royal

family, from the meeting. ashley: no, this is about something else. there's lots to talk about. stuart: lots of moving parts. ashley will go through it after this. here, it all starts with a simple...

hello! hi! how can i help? a data plan for everyone.

everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

stuart: lots to go at with the royal family. first of all, they have held that meeting in buckingham palace, trying to figure out what to do with harry and meghan in america. now we are getting news about the relationship between william and harry. ash? ashley: yeah, because william has come under fire of being somewhat of a bully, according to one newspaper article, and was partly responsible not only for a rift between the brothers but not being particularly friendly towards meghan markle. let's look at the first statement that came back from william on this. he says he's been very hurt by this. he says look, i put my arm around my brother all our lives and i can't do that anymore. we are separate entities. i'm sad about that. all we can do and all i can do is to try and support them and hope that the time comes when we will be singing from the same page. you want everyone to play on the same team. now, there was an article in one of the newspapers, the "times" in london that suggested this bullying aspect, both harry and

william then responded to that. we have this statement. despite clear denials, a false story ran in the uk newspapers today speculating about the relationship between the duke of sussex and the duke of cambridge, for brothers who care so deeply about the issue of mental health, the use of inflammatory language in this way is offensive and potentially harmful. this is just one of the backgrounds to the meeting that's going on right now in glan england where harry is essentially facing the music. stuart: meghan and harry want to come to america and make a living here. we've got news that one of them, they might want to team up with disney for voiceovers. deirdre: meghan has signed a deal with disney to do a voiceover but she is giving all the money to a charity called elephants without borders. according to the "sunday times" the deal was signed before meghan and harry's bombshell announcement. disney has yet to comment on the report, by the way, but apparently this video leaked over the weekend where at the london premiere of "the lion

ki king" so last summer, where you had harry speaking one-on-one with bob iger saying did you know she could do voiceover work. stuart: i saw that video. ashley: yeah. stuart: it was a little awkward, wasn't it. deirdre: 30-second elevator pitch. there it is. ashley: hollywood agent. stuart: yeah. he keeps pressing it, too. all right. okay. got to move on. ashley, deirdre, thanks for your royal input there. all good stuff. next case, the trump economy. market watcher bob doll on the show last week. he had ten predictions for 2020. you can bet he did say trump was going to win in november. that was his big prediction. what does david nicholas think about that? wealth manager, he's next. china's vice premier comes to washington later this week to sign phase one of the deal. new piece in the "journal" says the whole trade war had pretty much no effect on our economy. we will get our top retail guy on that. are the runways cleared for big

retail to soar in 2020? that's next. ♪ could switching to geico really save you fifteen percent or more on car insurance? do woodchucks chuck wood? hey you dang woodchucks, quit chucking my wood! geico. fifteen minutes could save you fifteen percent or more on car insurance. and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage

of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love.

you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better.

♪ ♪ stuart: secretary of state mike pompeo will sit down with some tech leaders in san francisco.

they will include oracle's larry ellison. the secretary is trying to drum up support from silicon valley for our response to iran and our relationship with iran. he wants silicon valley's support. more on the markets, please. we are holding to a solid gain, it's not spectacular, up about 50 points for the dow, up 12 on the s&p, and a nice gain for the nasdaq again. more than a half percent higher, 50 points up. 9,230 on the nasdaq. new numbers this morning broke on the holiday spending season. if i can put it like that. lots of spending done, $142 billion in november and december on online selling. that's 13% higher than the previous december and november. good job we've got the president of the national retail federation with us, matt shea. welcome to the program. >> thank you. nice to see you. stuart: that's spectacular. $142.5 billion. did you see that coming? >> well, we knew it was going to be a good year.

we knew consumers were in a good place, we had a lot of momentum heading into the season and we saw growth across all channels. certainly the channel you talk about online is growing at a pace that exceeds what goes on in bricks and mortar and it's a smaller base that's growing very very quickly and lots of legacy bricks and mortar stores are getting into that business and doing very well at it. stuart: you often appear on the program and you have a great story to tell because we taretas done spectacularly well. understood. but i think your problem going forward is going to be wages. this is a fully employed economy. a lot of those folks on the shop floor, they are making minimum wage. it's hard to get new staff and hard to keep good staff. wages are your problem. >> it's very competitive out there, there's no question. the retail industry is the largest private sector employer in the united states, more than 40 million people work in retail jobs, so as the labor market gets tighter, and we saw this when the jobs numbers came out the other day, there are only 125,000, down 250 to 225. there's a premium on that.

stuart: are wages growing in the retail sector? >> yes, i think the market, if you go back the last five years, you see target, walmart, starbucks, mcdonald's, all elevating not only wages but certification programs, training programs, scheduling things, the things they invest in their employees to make them better at what they do for their customers. stuart: it's tough for a retailer to get good counter staff. i'm not talking about fast food, maybe department stores, bricks and mortar stores. when i go in to buy something, i often have to stand in line for a long time, because the person at the cash register or the computer doesn't know how to work it correctly. hasn't been on the job very long and probably won't stay very long. that's a problem. >> i think when you saw the holiday season, you alluded to this, the success of a macro environment in which things are pretty good is not distributed equally across all companies. there are winners and losers as there are in every business and in every cycle. the companies that are winning, the retailers that are winning are those that are finding ways to empower their employees, get them engaged.

we heard that from kevin johnson of starbucks this morning, we heard it from microsoft yesterday, we will hear it from best buy tomorrow, so these ceos of these companies are finding solutions or solutions that are being delivered to retailers and they are being successful. but not everyone can succeed. that's just the way it is. stuart: i take it you are happy now because this week, we signed the china trade deal phase one, some tariffs will either go away or not be raised. you were complaining about it a lot but those tariffs never hurt the economy. >> i saw the article that ran this morning, the analysis that said there was only impact around the margins. in the near term, the studies we have done indicated there were probably 45 billion, 50 billion of costs passed along to consumers. the other thing that you talk about -- stuart: that's not much in a $22 trillion economy. that ain't much. >> well, that's the argument, i guess. the other thing you talk about a lot is business investment. we know business investment lagged relative to the consumption by consumers. that was because of the uncertainty that existed in the market. people didn't know what the future looks like. if we have clarity going forward now because we have at least got

something done, and avoided escalation of the trade war, same thing with u.s. canada mexico, that's going to be good for the economy. that will be good for retailers and everybody in the united states. stuart: the good times will roll on? >> right now looks like we will. we shouldn't talk ourselves into recession. there's no reason this expansion can't keep growing. why talk ourselves into something that doesn't need to happen? they don't die of old age. they die because people say it should be over. why should it be over? stuart: got it. thanks for joining us. see you soon. thank you. bob doll, i call him the trillion dollar guy. he manages a trillion dollars. he predicts trump will win again in november. he said it on this show. listen to this. >> incumbent presidents as you know run for re-election and don't have significant party challengers or a recession, almost always win. stuart: our next guest says trump will indeed win this year's election. he says the market is pointing in that direction. david nicholas, wealth

management guy, is with us. why do you say that the market is pointing toward a trump win? >> well, the market is always telling us about what to consider and look for in the future and the economic case is certainly there for the president, the strength, the resilience of the u.s. economy, all bodes well. if you just look back at recent history from president reagan to president clinton, president bush, president obama, no president has lost going into re-election with economic numbers this good but the economic case is there, the markets are pointing that way but i think it runs deeper than that. i get this from clients who come from many different political backgrounds. in a sense, a vote for the president in 2020 is really a chance for them to really stand up to the elites who see 2016 as really trying to do everything, whether it's been rush to collusion, whether it's been corruption in the fbi, 25th amendment and now impeachment to tell a big portion of americans that your vote doesn't matter. it's a sense of retribution to the smugness and arrogance by

many on the left in the liberal media who really look down on everyday hard-working americans, tell them their values and their faith, the way they raise their values really doesn't matter and i think there's a real anger lastly, when democratic candidates who are running for president stand up on tv and espouse economic policies that have taken once beautiful cities like san francisco and reduced them to cities filled with crime, homelessness and feces on the street. so the economic case is there but i think it runs deeper than that. it runs to the very heart of what it means to be american. don't tread on me and certainly don't try to override my vote. that's one of the many reasons why i think the president will win in 2020. stuart: don't tread on me. i kind of like that. david nicholas, thanks for joining us. we will see you again soon. thank you, sir. oscar nominations are out and netflix did very well. highlights. deirdre: certainly rewarded with more than 20 nominations. so you have to add up what they were nominated for, for the irishman, of course, martin scorsese's latest gangster opus,

marriage story as well, then they got two nominations for this vatican succession drama, the two popes. it just highlights this old hollywood versus new streaming company and netflix is doing pretty well. we want to mention overall, the one that's got the most nominations is still from traditional hollywood, if you like, and that is joker. that film alone got 11 nominations. that was really the big winner. but you know, it's kind of interesting because the irishman and marriage story were actually released in film pretty much at the same time that they started streaming in your home. this is just highlights and people with young children say i don't want to pay a hundred dollars to go to the movies if i can watch it in my home, not pay for a babysitter and pay for a bunch of food or candy i don't need. we are witnessing the handoff between old hollywood and streaming. stuart: investors love it. the can sto stock is up ten buc per share. that tells the story.

americans drank less wine in 2019. first time that's happened, first time there's been a decline in wine drinking in 25 years. do you have any reason why? ashley: generational shift. we know baby boomers love their wine. i'm just throwing that out there but they have and continue to. millenials, not opening their arms to wine at all. they are looking for alternatives. we talked about it before. the hard seltzers, the cocktails, non-alcoholic beer. that trend is really taking over. so wine sales, the volume of wine consumed went down almost 1%, first time as you say in 25 years. interestingly, though, the actual value in dollars of how much people spent on wine was actually up 1%. why? because the cheap $10 bottles are now kind of -- that were very popular are now fading away and people are starting to pay more for their wine. it's interesting how the trends change. stuart: remember in england what we used to call cheap wine?

plunk. ashley: go to france, get cheap plunk. stuart: next, we are, what, three weeks from the iowa caucuses. latest polling shows bernie sanders pulling ahead of the pack. joe biden fading a little. we will give you the numbers and get kayleigh mcenany's response. i want to know if a sanders nomination will be good for mr. trump in november. i think she will say yes. speaking of the president, he's in milwaukee, wisconsin tomorrow for another keep america great rally. new numbers show he trails every major 2020 democrat in that state. that's interesting. back in a moment. ♪

stuart: democracy 2020. the polls in iowa show bernie sanders in the lead, joe biden, what, fourth place?

ashley: yeah, just three weeks before the caucus day in iowa. this is interesting. let's bring up the board and show you where bernie figures in this poll. he comes in with 20% of likely democratic caucus goers, if that's a word. but look at the numbers. elizabeth warren down at 17%, mayor pete at 16%, joe biden, as you said, down at 15%. it is tight, no doubt about it but to see bernie on top by three percentage points over elizabeth warren, interesting. stuart: of course, if you add it together, elizabeth warren and bernie sanders, you have 37% support, they win. the socialists win if you just go on those numbers. i want to bring in trump 2020 national press secretary, kayleigh mcenany. kayleigh, go at it. what's your thoughts on the numbers we just put on the screen? >> oh, here are my thoughts. it doesn't matter what that poll says. bernie sanders won't ever be the nominee for one reason. the democrat establishment won't let him, stuart. the dnc rigged the election against him in 2016 and now

nancy pelosi might be rigging the election against him, holding those articles of impeachment conveniently turning them over to the senate to keep bernie out of iowa, to keep elizabeth warren out of iowa, trying to rig the election. doesn't matter what the polls say. stuart: you think -- you really believe that speaker pelosi delayed the articles of impeachment so that the senate will be sitting in a trial mode with those senators having to be locked in there and she did that to beat bernie sanders? really? >> i certainly do not put it past her because who does that leave? it leaves joe biden as the hand-picked nominee of the democrat establishment. they will never let their voters decide the election. they didn't in 2016, they won't allow it to happen now. i absolutely believe that. stuart: obama's 2012 campaign chief says that bernie sanders, if he wins the nomination, would be great for trump. i guess you are on board with that idea, aren't you, kayleigh? >> well, not necessarily, because look, we look at this

and you are asking me essentially to decide between bad and worse, and look, joe biden, gaffe-ridden candidate who think margaret thatcher is prime minister, who continually co confuses iraq and iran, is he better than bernie sanders, a socialist? they are different forms of bad. we will take either. we are very happy with the way the democrat field looks at the moment. stuart: okay. all right. now, the president goes to wisconsin tomorrow. there's another rally there. however, i'm sure you know this, kayleigh, a fox poll shows he trails the democrat candidates in that state, in the state of wisconsin, trails them all. now, you've got to believe he needs wisconsin to win. that poll doesn't look good for him, does it? >> we believe he will win wisconsin and michigan and hold down that map that only president trump managed to put together. of course, no republican winning wisconsin since 1980. you know, our polls, you know, we don't believe the public polling at the moment because right now, we don't have a defined democrat against president trump.

also, a lot of the polling doesn't poll registered voters, it's likely voters. we believe we are in a good spot in wisconsin. that's why we are on offense. that's why we are in new mexico and new hampshire and minnesota. wouldn we want new territory. we are adding to the map in addition to holding down the states that got us there in the first place. stuart: i think mike bloomberg poses the most serious challenge to president trump. i know you are going to say ridiculous, stuart, and laugh me out of court but go ahead. >> yeah, i don't think so. i don't think anyone wants a big new york city mayor who regulated soda as their president, but nevertheless, you know, mike bloomberg, he can't even make the democrat debate stage. he's not even playing in the first few states because he can't even get on some of those ballots or play in iowa or new hampshire. it's why he's waiting until the end. he will never be the nominee. if he runs as a third party candidate he's only going to take from the democrat nominee. president trump does not at all fear mike bloomberg or any of the candidates. stuart: the soda tax, by the way, did not go through. >> he wanted it, though.

he's a big regulatory mayor. he has a history of that and we are happy to go toe to toe with that record. stuart: he can do a lot damage with $54 billion. >> yes, he can do a lot of damage. he can try to do a lot of damage. but look, hillary outspent us two to one. we still won that election in 2016. we are going to win again. our coffers are full, money doesn't necessarily determine the game. what determines the game is a message and president trump has not just a message but results. stuart: you are just having too much fun, kayleigh mcenany. thanks for being with us. we will see you soon. thank you. next one, get back to mike bloomberg and tom steyer. they are going to share the stage with billionaire haters? two billionaires sharing the stage with billionaire haters, warren and sanders. isn't that irony at its finest? i want to know what a millenial capitalist feels about that in a moment. ♪ the world is built for you.

so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual.

wthat's why xfinity hasu made taking your internetself. and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome.

so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started.

stuart: look at this. all-time record for the nasdaq. another one. it's up 57 points, 9,236. alphabet's gone to a trillion dollar valuation. microsoft's up.

apple is up. what a big day. now this. >> i don't believe billionaires ought to be able to buy elections for themselves or their chosen candidate. i'm glad for him it helps candidates including me, but i'm not going to sell access to my time, i'm not going to change anything i do. stuart: well, senator warren is right, the billionaires in this race have indeed bought their way close to the top. we are talking now about michael bloomberg and tom steyer. they have bought their roles and upward movement in the polls. so let's bring in nathan latkar, who knows a thing or two about capitalism and making money. welcome back to the program. >> thanks for having me. stuart: ironic, isn't it, couple of billionaires leading a party or leading -- sometimes leading in the polls, doing well in the polls, in a party which hates income inequality. it's delicious. >> it's extremely delicious. it's also ironic and you know, i look at a candidate like warren, first off she will do almost

anything to get elected including saying hey, bloomberg, if you drop out, support me, i know you're rich but i'll take the help anyway. she might need the help as it looks. ultimately, you can't knock the rich because what poor guy ever gave us a job? stuart: you've got a political party, one side -- >> i actually like that, by the way. stuart: incredibly wealthy, bloomberg is worth $54 billion, and the other side of the party, warren and sanders, they are socialists. they are on an anti-billionaire rant and they are in the same party. come the convention, they will be in the same building. >> yep. look, i think i would probably get along great an wad i want t get along great if we hung out for drinks but ultimately, we should have a requirement if you are going to run for president of the united states, you have to at some point in your life created a company and hired at least one person. then you would understand how capitalism works. you guys know this, right. bernie and warren, neither of them have created a job in their life. they don't necessarily understand the economy works and ultimately, they can get all the free handouts they want, i'm all for helping the poor but i don't want to make it -- i don't want

to make poverty easy. i want to help them -- lead them out of being poor, right? so a lot of these guys want to make it easy to be poor. stuart: okay. now consider boeing. the outgoing ceo dennis muilenburg is taking with him $62 million. just as 2800 workers on the max jet are being laid off. that gives capitalism a bad name, doesn't it? >> well, people watching, this is nasty, nasty stuff, obviously. i'm all for executives that took the risk to launch a company, to reap the rewards. i think a lot of the payout was actually, this is determined when they hired him in the first place. he didn't get a lot of the bonuses, severance packages, things like that, but it is still horrible optics. when you are leading a company like boeing you cannot have the kind of mistakes you are seeing with the 737. something should have been done. stuart: it gets back to income inequality. $62 million for a ceo of boeing versus the income inequality which is promoted by the left. they will make something of this. >> look, they will push it hard. remember, the 2800 folks that were laid off were actually not

directly employed by boeing. they were related to the supply chain of the 737. but ultimately, what people have to understand is people build wealth when you serve the customer, the common man. when you are giving, satisfying things to the common man. if you take away the incentive for entrepreneurs to create amazing things for the common man, you lose the incentive for capitalism in the united states. we will lose that with the socialist in power. stuart: you are a young man. >> young. that's a compliment. i just turned 30. i will take the young, that's great. stuart: a child, sir. a child. >> you are allowed to say that. stuart: would you favor any kind of imposition of limits on your future income? not through tax but by some limit on your income? >> well, look, what i will do is if you say you can never make more than $100 million, i will work my butt off until i make $100 million, then i stop. then i stop. it's that simple. or you want to put it at a million for everybody else, tax the heck out of everything, you know what happens? everyone stops working once they hit a million because there's no extra incentive to go above the millionth dollar. stuart: why work. thanks for joining us.

good luck, see you soon. a mere child. more "varney" after this. ♪ . .

stuart: we figure we hit record highs and we did. nasdaq, new high, 9240 is where we are. big name stocks hit record highs today. apple reached $312 a share. not sure where it is now, but 312 is the price. facebook went up. new high. tesla, reached $504 a share. show me netflix, because that is way up. yes it is $11. how many oscar nominations. >> 20 nominations for three firms. marriage store, "the irishman"

and two popes. netflix 23, that is not bad. stuart: watching two popes. ashley: it is very good. stuart: sharp edged. neil cavuto on deck. , it is yours. neil: the focus this week will be on the china trade deal signing on wednesday. we'll get a sense of the fourth quarter earnings. they are expected net-net, year-over-year to be down from what they were a year ago and year ago period. what we're watching for is the guidance here. also telegraphing what they're going to be saying about the first and second, even third quarters of, those are expected to be up year-over-year. so much so, this is built-in optimism at corner of wall and broad. we'll see earnings overall 9% better than a year ago. now, again, that is sort of early read on this. you know about early reads. let's get real clear markets editor j