maria: more from the jpmorgan health care conference tomorrow. stuart varney, take it away. we will see you again from san fran. stu, over to you. stuart: if you insist. good morning, maria. good morning, everyone. it was the college football championship in new orleans, louisiana. hey, ashley, i'm on the air, son. did you know? i'll start again. ashley: i'm not ready to start yet. stuart: i'll start again. rerack the prompter, please, right from the start. good morning, maria. good morning, everyone. don't worry about it, son. it was the college football championship in new orleans, louisiana. president trump was there. here's the reaction when he walked on to the field. roll tape.

[ cheers ] stuart: did you catch that? usa, usa, four more years? the president is on a roll, not just on the football field, either. he's very strong right now politically. for example, he's about to sign phase one of the china trade deal. he's got the iranians in a box and this morning, the europeans open the door to putting their own sanctions on the mullahs. the europeans are now allied with trump on iran. he's feasting on the economy, where the lowest paid workers are making the biggest wage gains and tonight, another keep america great rally in politically important wisconsin. they are lining up already.

and just as he speaks, the democrats will debate. they are not on a roll. they are divided and bitterly fighting each other. they are going to rant against income inequality while two of their candidates are billionaires. no wonder the president's on a roll. let's get to the markets. no record highs at the open this morning but we are still pretty close. we are getting the first earnings reports, mostly good. jpmorgan, delta airlines, both solid standouts. more on that later. the dow industrials at the opening bell this morning will be down a tiny fraction. the s&p looks like it's going up a little bit. they've got the boards in different order there but essentially, it's higher for the dow, a tad lower for the nasdaq and the s&p. now, just wait until you hear what aoc has to say about the market rally. she really ought to watch this program. "varney & company" is about to begin. stuart: okay.

morgan stanley says apple, microsoft, alphabet, amazon and facebook make up 18% of the total market value of the s&p 500. that is market dominance like we have never seen before. that's unprecedented. susan: unprecedented even going back to the dot-com bubble in 2001. these are the stocks that continue to get all of the money this year as well, the top 50 stocks in the s&p is up about 1.5% which is outperforming everybody else and of course, it doesn't surprise you that apple is the biggest of the bunch. 4% of the s&p market cap, they have done this five times before and that doesn't bode well for the stock in the next 12 months. every time that apple equates a 4% of the s&p total market cap it falls around 9% on average over the next year. but you are microsoft -- sorry, no longer you are microsoft. little bit but you sold off a lot of it. microsoft and apple, they surged

in 2019, they accounted for 15% of the 30% rally. stuart: however, we are in earnings season. if apple and microsoft don't come in with absolutely stellar knock 'em flat earnings, i don't think they will continue to make the gains we have seen in the past. if the earnings reports are less than perfection, or the call looking forward ain't that great, i think they've got a problem. susan: it may fall in the day after or in the after-hours but it tends to bounce back, as you have seen with all of these technology stocks, because where else you going to put your money and make money and buy growth? stuart: you know, reading between the lines, you're right. i sold microsoft too early. thank you very much indeed. susan: took awhile. stuart: i'm going to look at gamestop. have we got that premarket call? yes, it is way, way down. i hear the organ music. i don't know what that means but it's not good. ashley: i can give you a clue. stuart: jackie deangelis in herald square, what's the big

problem for gamestop? jackie: good morning, stuart. never good when your intro is the organ music there. the problem according to the company was weak holiday sales. that's why the stock is down north of 10% this morning, and that's because the company is actually sort of setting investors up for this and cutting its outlook for sales and profits. the previous range was 10 to 20 cents and it's saying it's going to be below that. also expecting same store sales to decline between 19% and 21%. so the issue here according to the ceo was that quote, we expected a challenging sales environment for the holiday season as our customers continue to delay purchases ahead of the anticipated console launches in 2020. that's one of the issues. this is a very competitive space and gamestop, stuart, has been struggling for quite some time. no surprise, really, here that the stock is having trouble today.

stuart: that's right. main problem being you don't buy a game in a store. you download it. at least i think that's the way it's done. all right. now, let's go to politics because tonight, the president holds that big rally in wisconsin. now, just as he's speaking there, the democrats debate in iowa. come in, james freeman, "wall street journal" editorial board kind of guy. seems to me like an extraordinary contrast coming here. the president on a roll with his fans right out there and the democrats bitterly divided. >> yeah, and i think you mentioned in the top this problem the democrats have right now where they are going on and on about income inequality. if it's a problem, president trump seems to be reducing it. we have seen over this last year, you talked about the great job market, not just a great job market in terms of availabilities but wages rising faster for employees than for bosses. basically the rise of income equality. we can debate how you measure

it, whether it's good or bad, but i think democrats need a new message because the president seems to be solving what they have said is the biggest problem. stuart: i think the gloves come off tonight because they will all be looking for advantage in advance of the february 3rd caucus in iowa. i think they will get nasty with each other. >> this is the last shot, as you say, they have at each other before people start voting. there have been a lot of these debates. now we get down to the final six, at least for this debate. i think you can expect given the foreign policy issues of recent weeks, that there is a lot of focus on that, maybe some focus on biden for his iraq war vote and also you would think maybe some questioning for bernie sanders on all of the marxist dictators around the world he's been supporting for many years. as you get to talking about foreign policy, he's leading in the des moines register poll, i would think people would eventually start raising that issue with him. stuart: can it be that a socialist is now the

front-runner for the democrats? looks like it. >> certainly very strong in polls. the biggest fund-raiser -- the irony that, you know, he's preaching socialism but the american economy is so strong that it can afford $100 million to fund his campaign, it's really striking. people who have not taken him seriously to this point may be focused a little more on him tonight. stuart: you look like you're having fun. you are enjoying this. i know you are enjoying this. you watch, you watch them both. you are like two screens, the president and the debate, won't you? >> i suppose -- stuart: well, you will now. james, you are all right. thank you very much. appreciate it. take a look at tesla. that's premarket. can you believe that? that is premarket. ashley: i don't believe it. stuart: a huge run yesterday. they had an extraordinary ride and are up another 20 bucks, nearly 4% for tesla this morning. ouch. we are on trillion dollar watch for google stock. the magic number we are looking

for is $1,450 a share. if it hits that mark, it is the third trillion dollar american company. now take a look at jpmorgan and citi. i believe we have them for you. they reported this morning, better profits, both of those stocks are on the upside as we speak. all right. let's get to the futures market overall. we are going up for the dow industrials at the opening bell. not sure i can show you the rest of them. up on the dow, down a little on the s&p and down a little on the nasdaq. we've got some technical problems this morning. do not despair, ladies and gentlemen. the program will continue. now, let's see. give me that prompter again. that guy, the guy on the left. vince vaughn, that's right, he's facing liberal outrage because he actually held a conversation with the president of the united states and shook his hand. ashley: outrageous. stuart: shocking. outrageous and wrong. wait until we tell you the full story there. far left democrat alexandria

ocasio-cortez claiming that the dow's record high means absolutely nothing for many americans. she's wrong and we will tell you why she's wrong. protests in iran entering a fourth day. the authorities have arrested 30 people for their alleged role in the plane shoot-down. president trump, he's standing by the protesters. as for the democrats, they are still sielnlent. "varney & company" continues after this. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

the president has been talking about this for at least 30 years, right. he's been talking about it for a long, long time so he decided we would try to tackle it, so you have two choices. you try to de-couple the economies, that probably is not practical, or you try to write rules that work for the united states and benefit the united states, and that's what the president decided to do. you're the first to see it. this is the agreement.

we are going to make it public on wednesday before the signing. stuart: we will be watching. by the way, that was trade rep lighthizer on with lou dobbs last night. the u.s./china trade deal will be signed during our 11:00 hour tomorrow morning. it's going to be a very big deal and we've got a big show lined up for you, covering all the trade angles. we start at 9:00, of course. the big deal signing, 11:00 in that hour tomorrow. we will cover it for you, promise. protests in iran on a fourth day. the authorities have arrested 30 people for their alleged role in the plane shoot-down but president trump, he's standing firm. he's standing behind the protesters, backing them up. where are the democrats? joining us now, congressman patrick mchenry, republican from north carolina. congressman, i don't understand the democrats' silence on this because i have not heard anything from them. if you can't stand up and support people being shot in the street by a tyrannical

dictatorship, there's something wrong with you. >> it's completely bizarre. i mean, this is the question i have been asking myself, which is why are they silent. when we got bin laden, when president obama made the decision to get bin laden, we cheered it, as americans, as republicans, as democrats. it was a good decision. it was the right decision. he had actual intelligence to keep american lives safe and he took it. likewise, when president trump made this decision to get a terrorist like suleimani, who is on iraqi soil at the time, and he took that effort and made that executive decision as commander in chief to protect our troops and to make a decision that keeps us safer, we should herald that. we should cheer that. to me, it's just absolutely bizarre that every action of this president, of president trump, has to get a unified no

from democrats. it's not a rational -- it's just derangement syndrome we are seeing a lot of. stuart: it's the emotional contempt for the president which has taken over. he cannot do anything, anything at all, without being severely criticized in the worst possible terms. but okay, i think we straightened that one out. >> think about the national security question and the economic question. stuart: really. really. >> to keep us safe is the major priority of a president. to keep our economy strong, major priority of any president. this president has done an unrivaled job of taking action and engaging internationally to make sure that we're safer. and to make sure here at home, that we are growing our economy and growing our markets. it's a great record to run on. stuart: congressman, you couldn't see it, i don't think, but on the left-hand side of the screen, while you were speaking, we were showing video from tehran of demonstrators walking around the american and israeli flags, refusing to trample on

them as the mullahs wanted them to do, and our president is backing up those brave people and i've not heard a word from the democrats but let's wrap it up with that. congressman patrick mchenry, thank you very much for joining us. we do appreciate it. many thanks indeed. some democrat in-fighting. got to tell you about that. senator elizabeth warren says bernie sanders told her that a woman can't win the election. he allegedly said it in a meeting back in 2018. give me more. ashley: you know what, this is interesting because these two candidates have had a non-aggression pact. apparently i've got a feeling that's gone out the window now. this first surfaced on cnn actually. let me tell you what elizabeth warren said. she said bernie and i met for more than two hours in december 2018 to discuss the 2020 election. our past work together and our shared goals. among the topics that came up was what would happen if democrats nominated a female candidate. i thought a woman could win. he disagreed. she says that's absolutely true.

the heat between these two is starting to rachet up even though there is supposed to be a we're sticking together -- stuart: it kind of has to. they are the two far left candidates. ashley: they have very similar, you know, platforms. stuart: the question is who is the first to drop out? because if one of them drops out, presumably the support of that person goes to the other person. uniting the far left. they will have more support than joe biden or mayor pete. ashley: there are critics deep within the democrat party to overcome. stuart: it's a divided party. susan: he also has momentum heading into iowa. some would say right now he's the front-runner. stuart: i think he is, actually. all right. wait until the billions from bloomberg arrive. susan: drop. stuart: drop. that's right. we have earnings reports this morning. nice profits coming in from delta. the stock is up 4.3%. a very nice gain. beyond meat, i didn't notice

this yesterday, but it's on a tear, up yesterday, up another ten bucks. that's 9% today. $124 on beyond meat. we've got a rosy forecast from zoomies. profits down at wells fargo. their legal costs are piling up. they put reserves in place for legal costs in the future. that stock down 3%. tha that's a bank down 3%. overall, the dow industrials are going up at the opening bell. the nasdaq and s&p will both be down a tiny fraction. megxit mayhem continues. queen elizabeth is agreeing to a quote, transition period where prince harry and meghan markle would step away from their royal duties and spend more time in north america, whether it's canada or los angeles, don't know. we have more details coming up for you, though, after the break. is about to become your problem.

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and then suffered some blowback because people think do you know economics 101? we are looking at the best jobs market in 50 years, both in supply and demand. [ speaking simultaneously ] stuart: for the lowest paid people, wages are riesing faste than any other group. she should watch this program. ashley: not going happen. stuart: move on, please. megxit. you can't get away from it. the queen agrees to a transition period. tell me more. ashley: very grandmotherly statement, not as formal as it normally is for her majesty. let me give you this part of the statement. she says although we would have preferred them to remain full-time working members of the royal family, we respect and understand their wish to live a more independent life. how is that going to happen, i don't know. it has therefore been agreed there will be a period of transition in which the sussexes will spend time in canada and the uk. stuart: got that. ashley: i'm going to apply for the duke of sussex opening.

i was born and raised there. i've got the resume. i will give it a go. stuart: you just don't have the right accent. susan: are they commoners if they lose their royal title? stuart: yes. common. there's a word we didn't associate with harry. check futures, please. up for the dow, down for the nasdaq, down for the s&p but it's not a great deal of movement. we will be back, take you to wall street after this. most people think of verizon 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.

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or return it for a refund. it's that simple. because at carvana, your car happiness is what makes us happy. stuart: the market is about to open. we're not expecting any dramatic moves, certainly not in the open of trading. down a fraction on all three of those indicators. let me show you the stock price of google, please. it is closing in on a trillion dollar market valuation. i think it's got to get to 1450, then you've got another trillion dollar company. you know, with a market like this, one can use some help. a special favorite, d.r. barton, is with us along with susan and ashley, of course. alphabet, google, they will join the trillion dollar club at some point, maybe this morning. >> they might be, they are very close right now, stuart. and they deserve it. they have become -- they have become a verb. when you become a verb, you are going to grow. they continue to grow revenues

at an amazing pace for a trillion dollar company just like the other two trillion dollar companies. stuart: they are the manifestation of big brother but they are an extraordinary company any way you slice it. that is a fact. all right. they are clapping and cheering. the bell is ringing. off we go. it is now 9:30 eastern time, bang, there it is. we are moving. let's see what's happening in the very very early going. i've got a very modest downside move, right-hand side of the screen. we are down 11 points now. i see a lot of red amongst the dow 30. so a fractional loss for the dow. how about the s&p? i think it's pretty much the same story there. yes, it is. a fractional loss. i mean a tiny fraction. as for the nasdaq composite, all the tech stocks, again -- thank you, ashley, hand signals from ashley. ashley: i got m some others. stuart: no, please. have we got google? yes, $1,439 a share. it has not yet hit the trillion dollar mark. right. we've got earnings season. it kicked off today. some of the big banks reported.

jpmorgan, citi, wells fargo, they are all out. morgan and citi did well. jpmorgan is up a half percent. citi is up half a percent. wells fargo is actually down. the dow industrials, down 16 as we speak. now, d.r., if, if we get a continuation of strong profits in this earnings season, do we hit 30,000 on the dow? >> i believe this will propel us to 30,000 on the dow in relatively short order. you asked me back in about, in october for a dow prognostication. i gave you october of this year. i don't think we are going to wait nearly that long. especially if earnings do just a little better than we are thinking and it's a pretty low bar. stuart: okay. i see jpmorgan -- what are you laughing at? susan: i thirngs ank earnings a expected to fall 2% for the rest of the quarter but the rest of the year, average analysts expect recovery of 9% gains for profits. usually when you have a rise in

profits you have a rise in stock prices and that means 30,000 is within sight. stuart: i'm going to be listening to the call that each of these companies make when they look to the future. whether they think things are going. if they think they are going to get better profits down the road, i think those stocks go up. did i get it right? susan: you did. guidance is key. that's right. stuart: don't ever use the word expectations or basically on this program. amazon, i don't get this story. i really don't. look at the stock. it's down 12 bucks. the former chief of apple's retail store operation, he says amazon is in trouble. why? susan: we are talking about ron johnson. he was successful as the head of apple retail, unsuccessful as the head of jc penney and he's saying, he's taking a look at retail going forward for the next ten years. amazon has dominated the past decade but going forward, he says there's going to be more competition from bricks and mortars so target, for instance, he says they are transforming their physical stores. same thing with walmart as well.

new upstarts like lululemon which is the yoga pants maker, he says this is doubling as a wellness work/life type of brand. also peloton has been collecting data, giving you a whole new type of retail experience. i disagree. stuart: i disagree. ashley: i will give you a hand signal. this sliver is what he's talking about of amazon's business. that much, when you talk lululemon, peloton, the other stores he mentioned, canadian goose, they have this much. amazon is going to keep doing what they are doing, out-executing everyone. he was on the show one of the days you were on, so i said what went wrong at jc penney. well, they were just resistant to the changes that need to be made by target and walmart. he said he ran into a brick wall at jcp and it was too late to turn it around. stuart: here's a hand signal. thumbs down. ashley: very good. susan: right. stuart: gamestop. not so rosy forecast. that's death watch, if you can't

read it, for the radio listeners, we have the death watch thing right up there. weak holiday sales, not a great prognostication. who buys a game in a store these days? ashley: i spent many an hour in gamestop with the kids many years ago. cramped, not the most well put together store. that was a long time ago. they have got to do something. they can't continue to do this on the same track. holiday sales down a whopping 27.5%. also, just lowering those full-year outlook for earnings, below what was expected. store sales declining more than anticipated. the grim reaper has every reason to be hanging over this at the moment. they've got to do something but it could be too late. stuart: however, our history of the death watch graphic, not always accurate. bear that in mind. >> interesting little note on gamestop. hedge funds jumped in as a value play when it was down about three bucks, drove it up to 11 in the third quarter of this year.

went all the way from 11 back down to 4. will somebody try to find value again? they've got a problem. the new consoles don't come out until the end of 2020. between now and then, it is a must avoid. stuart: like death watch. must avoid. all right. okay. okay. i think we've got walmart bringing in robots to 650 stores, i think it is. they are on the screen now. what do these things do? susan: they are the bossa nova robots, the shelf stocking ones. they will be in 1,000 stores if you include the 650 new ones they are going to be operating in. also walmart unveiled a grocery packing robot to help speed up the online delivery fulfillment process. this is the shift to row bots. this is what they do. right now, we are looking at super stores also unveiling robots which pack and sort and track some of the pricing and making sure inventory is correct. this is because of high wages, right. why pay for head count when you can pay for a robot which covers

a lot more and probably doesn't take vacation days. stuart: as long as you can fix the things when they go wrong. they earn a great deal more than the current shelf stockers at walmart. watch out for that. where are we going now? the dow industrials down eight points. market check, yeah. this is a go-nowhere market. 28,900, kind of the benchmark for the dow as we speak. the ten-year treasury yield. where is that? 1.84%. no real significance being read into that. the price of gold, i have no idea where that is. it's down four bucks at $1546. oil is still around $58. yeah, $58 a barrel. now, big announcement. today marks a special day for "varney" regular d.r. barton. five years. congratulations, young man. we have a montage of highlights for you. roll that tape. you can't escape. roll it. >> two weeks ago you asked this exact same question at the exact same price, it was $171. i said i'm waiting for it to

drop into the low 160s. we got there yesterday. bought it. >> it's a big brand, big eyeballs but here's another thing. for everybody out there listening from a science perspective, use your talc. if you need it, use talc. stuart: is it going to keep going all the way into early next year? >> i do believe so for several reasons. stuart: that's a yes. >> there's a really good chance we don't just keep going up, that we get a melt-up, a bigger push up than people are expecting. stuart: okay. we edited and selected certain highlights there but overall, over the last five years, you have called the market relatively well, relatively accurately. because we have gone up in all of those years and you always called it going up. right? >> i humbly say to hear that from you is a highlight of the past five years. if i helped some "varney" viewers out i have done my job very well. i hope i can do it once or twice again with you. stuart: our producer, justin, i think he bought apple way back

when you told him to buy apple. that's correct? is that right, justin? did the five years go fast? >> the five years have gone incredibly fast. you know what, we look just the same. that's the great thing. stuart: dream on, son. by the way, did you know that next week we celebrate the tenth anniversary of "varney & company" going on the air? susan: wow. stuart: that rocketed by. i can't believe it. you are six years. you are five years. what are you, about three months? no, no, no, no. you are actually a couple years, aren't you? something like that? susan: something like that. yeah. can we ask d.r. about the concentration of games and all these tech stops, since he's so good at picking apple? stuart: yes. that was our story first thing this morning. you got it for us. 18% of the market value of the entire s&p 500, 18% of it is

made up by apple, microsoft, google, facebook and -- susan: amazon. stuart: so what's in the future for big techs? >> the big techs are going to keep doing what they're doing. stock price going up, because they keep out-executing everyone. we talked about that with amazon. they keep growing double digits despite being the biggest company out there. stuart: you heard it first from me. watch out, because if the earnings reports in the next couple of weeks, especially for apple and microsoft, if they don't add up to another stellar spectacular performance, i don't think the stocks run up as they have in the past. >> i think that's right. stuart: i am right. sht >> with the caveat if their guidance continues to be strong for 2020. that would be the only mitigating factor. stuart: yes. okay. i'll take that. i'll take that. d.r., it was a pleasure for five years. hope you stay for another five years. hope i stay alive for another five years. thank you very much. appreciate it. check the big board. we are up 20 points now for the

dow industrials. modest loss for the s&p and nasdaq. joe biden, not shy on slamming the president's decision to take out iran's top general, qassem suleimani. he's not shy. watch this. >> -- make the case donald trump was dangerously incompetent and incapable of world leadership. in the past few days in the wake of the killing of the iranian general suleimani, i think donald trump has proven beyond -- that comment. stuart: those words are a complete contradiction to what he was preaching back in 2007. we have got the tape from way back then and you will hear it. talk about foul play. the houston astros have fired their manager and general manager after stealing signs. brian kilmeade in our next hour, he's going to tell me why this whole sign stealing thing is such a big deal. i don't personally get it. i thought sign stealing was part

of the game. apparently not. did you see this? it's what the liberal media doesn't want you to see. cheering crowds greeting president trump and first lady melania at the college football championship game. the president is on fire and that's the theme of my take in our 11:00 hour. big show coming up for you. this is "varney & company." 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.

stuart: go nowhere market this tuesday morning thus far today. up just nine points on the dow industrials. "varney" regular peter morici wrote this in a recent article. welcome to the roaring '20s for the stock market and the economy. welcome to the roaring '20s. welcome to peter morici right now. that's a pretty strong statement. welcome to the roaring '20s.

make your case real fast. >> well, i think artificial intelligence, 5g and so forth is going to open up so many opportunities for productivity growth, to alleviate labor shortages, to extend working lives so people can work until they're 70 or more. i think that that's going to provide lots of opportunities for new fangs, new googles and microsofts and whathave you as well as the old ones. companies large and small will be inventing new products and new business lines and so forth. that will power the market over the next decade. stuart: aoc doesn't think much of this market rally. she says most people do not -- look, to it's on the screen -- dow soars, wages don't, inequality in a nutshell. respond to that. >> these days, most people get their pension by basically having an index fund in vanguard or something similar. so this rising stock market is providing economic security for the elderly and people as they get older. i guess she doesn't like people retiring. she wants them dependent on

social security and the government so she can control them. stuart: wait a minute. she's factually wrong. she says stock market rising, wages don't. that's not true. low wage earners are getting the best wage gains as of right now. >> the people at the bottom are doing very well right now thanks to donald trump. minorities are doing very very well. that's one of the reasons his support among african americans is starting to improve. stuart: you missed something here. if your company's stock, i know you are laughing here, but i know a little economics, if your company is rallying, the stock price is going up, it's a more valuable company, that company is more likely to expand, hire more people, build new plant and factory in the future. we all benefit from the market rally. >> oh, i wasn't laughing. i'm just smiling at your acumen. my feeling is that you are absolutely right. there's going to be a lot of opportunities and they are going to come from conventional companies, for example, and consumer products and appliances and whathave you. these are transformational

technologies much like the telegraph, the railroad, electricity, the internal combustion engine and so forth. we are on the cusp of a great, great period. stuart: okay. new jersey's governor -- hold on for a second, peter. i'm going to digress for this. phil murphy, governor of new jersey, wants -- is pushing for a tax on incomes of $1 million a year or more. what else we got? ashley: because he says the rich need to pay more than their fair share. he says -- he tried this last year when he tried to put in a 10.75% rate on people with incomes over $1 million. that failed, it didn't make it into the state budget but he's at it again. he's got his state of the state address today and he will push for it again. oh, by the way, new jersey leads the way of the number of people who are leaving and of those that are leaving t greatest percentage of those, people with income levels above $150,000. so he wants more people to leave, then -- stuart: that's how you do it. peter morici, come back in. your reaction to new jersey. >> the thing is, people can move

to delaware and pennsylvania and still work in new jersey. a lot of people that make more than a million dollars a year have portable careers, can just move the florida. i wonder whether this guy reads or is he even watching television and the news because in so many places, they have tried millionaires' taxes and they just haven't worked, including france. the mecca of liberals. i don't know what's with him other than he's a slow learner, dull, something or other. stuart: no, no, governor murphy is a former goldman sachs guy. there's a long list of -- >> just because you have been to goldman sachs doesn't mean you are a genius. hold on a second. they are very snobbish about who they hire and they do make mistakes. some of their mistakes become politicians. stuart: wait, wait, he's worth a fortune. >> i understand that. stuart: he's trying to stop strivers from making a serious amount of money in new jersey. he wants to take it off them. he's made his pile but oh, no, you can't make yours. >> well, that's like the young

people that live in the city that have a lot of money and they don't want nibblianybody bg taller buildings around them. he's got his money and is jealous of young people coming up. somebody can make a great deal of money with very focused knowledge about a particular market and so forth but not have a hoot's knowledge about the broader world. some of that does go on on wall street. i don't think this guy is a particularly good governor if he wants to try something that has failed in so many places, so many times before. stuart: thank you, morici. you performed very well today. we appreciate that. >> are you smiling? stuart: i sure am. >> all right. good. take care. stuart: first, popeye's, they wanted to give chick-fil-a a run with a chicken sandwich of their own. mcdonald's is getting into the act and are using a not so secret ingredient? susan: msg which the fda says is safe but people have complained of side effects like headache, numbness and heart palpitations.

they are adding msg in their portuguese sausage and soup bases being tested in hawaii right now and chrrispy chicken fillets. they have been going for preserve-free chicken nuggets and cage-free eggs. stuart: it's just a flavor enhancer. susan: flavor enhancer but you know -- ashley: portuguese sausage. stuart: beyond meat, got to check that. it just keeps on -- look at that. this is the market price now, up 17 bucks. 15%. i believe they've got an upgrade. beyond meat at $132 per share. overall, it's still a go nowhere market. the dow industrials up, what, three points. fairly even split between winners and losers among the dow 30. big election year, obviously. and the politics app called

politiscope is giving users the latest polling and funding data for all the candidates. the co-founder of the app joins me next. my grandfather had an amazing life, but ancestry showed me so much more than i could have imagined. my grandfather was born in a shack in pennsylvania, his father was a miner, they were immigrants from italy and somewhere along the way that man changed his name and transformed himself into a successful mid-century american man.

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stuart: this is coming to us from our capitol hill producer, chad pergram.

he reports that we can expect a house vote to send the articles of impeachment to the senate tomorrow. democrats are meeting as we speak. that's what's coming out of the meeting. the house votes tomorrow to send those articles of impeachment to the senate. you know it right now. espn will reportedly make former quarterback tony romo the highest paid sportscaster. how much? ashley: $10 million to $14 million annually is the suspected amount. he's at cbs right now. his contract pays him $4 million a year. cbs has right of first refusal, if they want to match espn. that would make him by far the highest paid sportscaster. stuart: i will take that. this is an election year, obviously, and i'm going to give a commercial for a politics app called politiscope. gives users the latest polling and funding data for all the candidates. apparently it's a lot more than that, by the way. here is the co-founder walter

powell. welcome to the program. >> how you doing? stuart: i'm remarkably well. okay. now, if i get your app and i stick it on my little phone, i go to the app, are you going to tell me everything i could possibly want to know about every candidate? >> yes, indeed, as well as polling data, of course. you can donate to each politician. you can even see every candidate's tweet as well. stuart: do you cover other subjects as well as the candidates? i mean, like issues? >> yes. we cover hot topics, today in congress, where we show all the bills that just got introduced that are hot and we show bill breakdowns on every bill as well. stuart: are you politically one way or the other? >> no. stuart: dead neutral? >> straight in the middle. stuart: if i get your app, you get my information, don't you? >> um-hum. stuart: what are you going to do with it? >> not going to do nothing too bad with it. not bad at all. no, we like to play by the rules, keep it clean and just, yeah -- stuart: how long has the app been around? >> been around for about a year

now. stuart: you sign a lot of people? >> right now we have over 30k users. stuart: not bad. walter powell jr., thanks very much for joining us. politiscope. i got it right. i will get it right, believe me. thanks very much for joining me. thank you. what do we have next? i will tell you right now, we have bernie sanders, the gloves coming off. he and elizabeth warren going at it. warren claims bernie said a woman can't win the election. how's that going to play in tonight's debate? it will play, i'm sure. did you see this? the video that's getting buzz. actor vince vaughn now facing liberal outrage because he was actually talking to the president of the united states at the game last night and shook his hand. you can't do that. more "varney" after this. 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: i will repeat important impeachment news from the last hour. fox news reports that the house will vote to send the articles of impeachment to the senate tomorrow.

democrats in the house meeting about that as we speak. that's what the word that we're getting coming out of the meeting. i will repeat it. the house will vote tomorrow to send articles of impeachment to the senate. and now this. >> it ace wonderful thing to behold. inspiring too. the fight for freedom in unexpected places. first, taiwan. which just delivered a complete rejection of aggressive communist mainland china. this didn't get the attention it deserved. in a landslide taiwan's voters said no to the authoritarians in beijing. after taking a look at violent repression of the democracy movement in hong kong, the people of taiwan said, no thanks. xi xinping has turned china into a high-tech prison. it is inspiring to see people standing up for liberty, especially when you see them march with the american flag held high. they did as you know?

iran, inspiring to see demonstrators defied thors. they walked around our flag instead of trampling it as the mullahs demanded. these are freedom fighters. you don't shout down with khamenei without risking your life and that is exactly what they're doing. two news anchors in iran have resigned. they say they lied for years. they're done. not going to do that anymore? do they face retribution? the people were lied to about the plane shoot down. they were lied to about the attack on american bases. the country which was one of the richest in the regions. the mullah dictatorship has been exposed. people are demanding their freedom. isn't it good our president is in full support and warning mullahs about shooting their own people? isn't that refreshing. what a contrast with the free speech deniers on college campuses here. shout down a conservative here and you risk absolutely nothing.

where are the democrats? i haven't heard much support from the left for those brave people facing bullets in tehran. what a shame. freedom is raising its beautiful head in some very dark places and we all should be cheering. let's see if we get a cheer out of bill mcgurn. "wall street journal" kind of guy. we should be celebrating this. not keeping silent. >> absolutely. my former boos george w. bush was ridiculed saying there is desire for liberty in the hearts of ever human being. we see it in the people. in these regimes like iran, it comes right after that staged funeral for soleimani. you can't trust anything in a country like that. what are the real feelings? we don't know because they're suppressed. stuart: the media kept saying he was a revered leader. there is videotape of these demonstrators now ripping soleimani's picture off the walls. >> right. i think the regime painted

american and israeli flags on it, they wouldn't do it. shows more respect than the nfl for the american flag. stuart: i want to know where democrats are for this. >> they're waiting for iranians to come out with portait of donald trump as the great satan. they might be more comfortable. doesn't seem like it will happen. stuart: that is sarcasm, bill, but it works. let me go to some more stuff. i will get back to you in a second. still a go nowhere market this tuesday morning. up nine on the dow. fractionally lower for nasdaq and s&p. look at tesla. wow, it was up much more. it is still up four bucks at 529. oppenheimer raising the price target to $612 a share. that stock has been on an absolute tear. jpmorgan jpmorgan reported profit this is morning. they had their most profitable year ever. the stock is up nearly 2 1/2%. nice gain. big tech continues to dominate

the market. scott shellady is with us on this one. scott, 18% of the total value of the s&p 500, made up of five stocks. that is apple, microsoft, amazon, facebook and google. that is extraordinary dominance of high-tech. do you think they will slow down a bit? >> probably slow down a little bit, stuart. you can segue into the fact that is why tesla has done so well. it is also viewed as a high-tech stock. american ingenuity is alive and well. i can say this, having just got back from china. i was at the sy there, they consider their tech sector, like our palo alto. it is so different. the feeling is so different. these people that really want to aspire to have that be their reality really need to go to a place to see what it is like. then you never ever want to leave the states again. stuart: in 24 hours, there will be a big signing ceremony in the white house for phase one of the china trade deal. as you said, you spent some time

in china. a lot of time there. what is your reading of phase one? >> it it's a genuine try by the chinese to get going on something because they have to. they're suffering worse than they know. over the last 18 months it is starting to bite. the economy is not growing the way it is growing. just like you can't trust thanks out of tehran you can't trust things out of beijing. they're not doing as well either. they need to not just do something with us but the rest of the world, they want to trade fairly with china just like donald trump does. he is not the evil one this is great step forward. my only problem, stuart, i don't want to sit in the chair talking about phase 17. i don't know how many faces there will be. that is the only skepticism i have. the certainty of the signing, that only thing could disrupt the market is a surprise not

signing. stuart: i would say it ace political win for president trump. would you say it is economic win? >> i so. we had so much great gains last year. this will come in solidify the gains. stuart: signing ceremony, 11:30 eastern time. full coverage for us. you will see the signing ceremony. it is a big deal. we're all over it. that is a guarranty. thanks, scott. bring in bill mcgurn. bring him back. he wrote a op-ed in the "wall street journal." here is the headline. long live queen elizabeth ii. queen elizabeth ii is more modern than her woke granddaughter in law, explain yourself. >> it is american. we're usually not pro royalty, but republican with a lower r. in this case meghan markle is so out class the by the queen. harry and people think the

monarchy is a fussy old relic stuck in the past. as britain becomes more racially, religiously diverse the crown is one of the unifying symbols. it ace life we're seeing now by the contrast of denial and restraint and self-sacrifice. the queen has done it exquisitely for seven decades. stuart: she has. >> that is it what we're seeing. i don't think we should be too hard on harry and meghan. it is not a life for everyone. be grateful that people in line, william and kate seem to understand what it entails. stuart: extremely difficult for an american to fit into britain's royal family, extremely difficult he specially an irish-american. stuart: we think we're free. >> we think in america because of our history monarchy is inimicable to free democracy. that is not true. it is one of mediating

institutions that a liberal society depends on. if you look what the queen does, i am sure the duke and duchess thought it would be boring to caught ribbons in small town. she treats that like the most important thing in the world. that is an incredible thing to have. stuart: i have covered royal tours. it is quite something. mcgurn. thank you very much. >> you're welcome. stuart: i want to bring in scott shellady back in again. i said good-bye. i want to bring him back in. illinois resident. according to the census bureau, illinois has seen a population decline for the sixth straight year. i take it this is a tax exodus, scott? >> 100%. they named jb pritzker our governor, u-haul sales man of the year. in october of 2014 i moved to indiana because the taxes were getting ridiculous. you rent your house back off the government even if you own it out right. over the last decade, illinois lost more residents than any

other state in the union. that will continue to be the case as we have less and less people to tax. taxes are going up in illinois. they will continue to do the same thing and wonder why the goose with the golden egg has left the state. stuart: the tax exodus is a big theme on the program. i'm glad you made. exodus, scott. see you soon, scott. >> all righty. see ya. stuart: administration is considering putting titler requirements on disability payments. later this hour a man on the show who catches people in disability fraud. he does this for a living. he was on the show many years ago. we brought him back. britain's prime minister boris johnson says he would back president trump in a deal on iran. details coming up for you on that one. this week speaker pelosi will send the articles of impeachment to the gnat. the vote is tomorrow. it goes to the senate tomorrow by the way. the media has been focused on impeachment spending majority of their coverage on it. we'll break it all down with

kilmeade. stay with us. the second hour of "varney" continues. ♪.

stuart: we showed you beyond meat earlier. it is still on a tear. momentarily it was halted. volatility the problem. gerri willis on the new york stock exchange. what gives with beyond meat. >> what gives, it is a short squeeze, classic short squeeze. this new story for dunkin. everybody loved that. shorts today are having to cover their bet. there is a 17% short interest in this stock. you know why. it is highly volatile. the stock year-to-date, we're not that far into 2020, up 63%. shorts saw opportunity. now they are getting creamed, having to make good on this bet. interesting story with beyond

meat this morning. back to you. stuart: like to find out how much beyond meat, fake meat actually has been sold. i never see reports on that. all i see, it is popular, this group's got it, that group's got it but i never see actual figures. gerri, thank you very much. total change of subject. several people in iran have been arrested in response to the shootdown of the ukrainian plane last week. what is going on, ashley? ashley: they formed, for the first three days they said it was not, something wrong with the plane or perhaps human error. they admit the plain was shot down. the iranianses operator after missile defense system mistaken the aircraft for a u.s. crewscruise missile fired it. iranians are saying don't blame the person who pulled the trigger. others are responsible. they call it a tragic event. the arrests come in the form of protests. people having anti-government protests because of a shooting down of the plane. at least 30 or more have been

arrested as a result of those protests. stuart: got it, thank you, ash. democrats take the debate stage. it is in iowa tonight. they were very critical of the president when he took out qassem soleimani a couple weeks ago. you know, it has been crickets on iranian youth protesting regime there. joe biden, go back a few years, he was singing a very different tune back in 2007. watch this. >> when a country harbors terrorists that threaten the united states and either take no action or abet it, they forfeit their sovereignty. stuart: i don't think he feels that way now. fred fleitz former national security council chief of staff. fred, do you have any idea why the democrats find it so hard to support people being shot in the street by a vindictive and nasty dictatorship? >> stuart, it is great to be here. it is really appalling. my answer is really simple.

i really believe trump derangement syndrome poisoned the national security debate in washington. the mainstream media and democratic politicians, liberals, think tanks, they will simply not give this president a break or any credit for something he has done, not just in our interests, it is in the interests of international security, it is in the interests of the iranian people. 60% of iranians are under the age of 30. they know about freedom. they know what is going on outside the country. they don't like women locked up and beaten for dancing in the streets or not wearing veils. never mind corruption and iranians dying in syria and iraq. the people of iran are outraged at what this government has done. stuart: what chance do you think there is of regime change in iran? >> i don't think regime change is coming in near future unfortunately because i think the regime really has an iron grip on the population with the

security services. i think it is coming some day but worries me when analysts get on tv say it is just around the corner. i would like to believe that but i'm not there yet. stuart: iran is in a box. they're constrained doing anything militarily in the gulf, so i'm told. at the same time, they're facing internal revolt. i think they're in that box. it is a box created by president trump. >> that is exactly right. the president got us out of fraudulent iran deal. it was a week deal. iran was already cheating on it backing out on agreement. it gave iran a huge amount of revenue it was spending on its military and terrorism. now the regime is occupied with protests in iran. there is anti-iran protest throughout the region. in lebanon, in syria, in iraq. this is limiting the regime's efforts to destablize the region to conduct acts of terror. stuart: i'm dying to hear what the democrats have to say about it on the debate stage tonight. fred fleitz, thank you for being

here this morning. appreciate it. >> thank you. stuart: yes, sir. more on iran. britain is backing president trump on iran and the europeans, well they are, maybe opening the door to their own sanctions, new sanctions on iran. tell me more, ash. ashley: i think we're seeing writing the obituary for this deal even though the europeans are desperately trying to keep it alive. president trump called it the worst possible deal ever agreed upon. boris johnson says he understands why the u.s. says this deal was flawed. he said the only way to get around this, replace it, replace it with a plan from donald trump. now, the uk and france and germany have also now put out what they call a dispute. stuart: yes. >> mechanism which they say look, iran is totally, you know, failed on every aspect of this agreement. it is going on, has put no limits on enriching of uranium. so all of this i think is heading to a scrubbing what was done before. it was sanctions, u.s. sanctions

are really crippling the iran. there will be a whole brand new agreement. stuart: that the europeans are now our allies. ashley: absolutely. stuart: not rivals in this, allies moving towards the same position. ashley: because they realize, surprise be surprise, uraniums are not keeping up their side of the bargain. stuart: ash, thank you. we reported a lot on the tax exodus, blue states to red states. there is one city, it is in a red state, popular with millenials. you can't guess which one it is, no matter what pictures we put up there you will never guess but we will tell you the millenial popular cit after this. susan: in a red state? ♪

stuart: not much change for stock prices thus far today. slight gain for the dow. slight loss for the nasdaq and s&p. we've been reporting for a long time about people leaving high-tax states like california and new york for example. now where are they going? well we found one place that has a huge growth in the millenial population. tell you where it is? it is, san anton, texas. grady trimble is there. he will tell us what it is about san anton that attracts youngsters. tell us. reporter: stuart, simply put, affordability. the average cost of a louse is $136,000. the average income, $50,000 a year. you will love this. there is no state income tax. millenials like the fact there is good scene of arts and culture and food.

4.6% from 2017 to 2018. this i it is no accident by design. this is places like this, you live in apartment, grab some food right there, go to the bookstore, bakery, coffee shop, all in one place. they also, the city and the county to create a position. that person's job is specifically to bring in tech companies and tech start-ups to try to get them to come to san antonio. some of the people we talked to are new ceos of small tech start-ups in this area say they really feel like they can help shape the future of this city, create the future of it, step out of the shadows of silicon valley, neighboring austin, create a new city and shape it even though it has a rich history. one thing i want to add, these apartments, you can get them for 1700 a month. you can get one for as low as $900 a month. compare to new york, where the average one bedroom, stuart, 2800, almost $3,000 a month.

stuart: there is no riverwalk in new york. there is a great riverwalk in san antonio. i have taken it many times myself. reporter: there is. as they say you can't shovel sunshine. stuart: let's not forget that. grady, thank you very much. see you soon. still go nowhere. up two for the dow. down a fraction for others. big tech has been on a tear for years. next we have a guest who has been right about big tech stocks for many, many years. ray wong is his name. where does he think big tech is going next? he is on the show after the break. coming up next, amazon's jeff bezos getting heat for donating what, 600,000 bucks to help the australia wildfires. our moral compass, jonathan morris, joins us. who are we to say how much someone else should give of their money? we shall discuss. ♪.

stuart: dow industrials up 14 point. s&p down five. nasdaq down 14. i don't have a clear sense of direction today. but look at google. right now that stock is around 1430 i think it is? 1439, there you have it, 1439. ray wong is with me, constellation research founder. he has often been right. the last time you were on the show you said google will go to 1450. that makes it a trillion dollar company. so where to now? >> whoa, we think 1500 is going to be there. we think google cloud is picking

up. doing sales conference. the most important thing they're picking up in the cloud. they have got waymo and other things. search is doing really well, especially in the election year. stuart: i have to tell viewers. you've been with us many years on the program, you've always been right. i hope you're right on this one. hold on a second. we have breaking news. we have news of new sanctions on a chinese company. this is about the north koreans. edward lawrence, what have you got. reporter: yeah, exactly. the treasury department has announced now new sanctions against a north korean company and a chinese company helping the north koreans. according to the release, according to the treasury department, it says with material support, through technology, and other means, transporting goods back and forth between north korea and china, this breaks the sanctions that the u.s. has on north korea. so they have sanctioned the north korean company that is working with the chinese company. yesterday, you may remember, the spokesperson for the chinese foreign ministry warned the u.s. not to sanction chinese

companies. saying it does no good to do that. this is on the eve, of i might add of signing the phase one trade deal. not expected at this moment to affect that. it has to be on their minds as they come into the white house. stuart: edward lawrence, thank you very much indeed. signing ceremony tomorrow on this program in the 11:00 hour. ray wong is with me. he has given his forecast on google, going to what, 1500. >> 1500. stuart: 1439 right now. hold on ray, i will get your prediction on amazon. news on amazon. they are trying to stop bad actors selling fake products the it me more. susan: that amazon hosted and sold some of the fake products. amazon says we'll increase frequency we notify u.s. federal authorities and european law enforcement authorities when a fake good is sold. talking about names, product info, addresses of these vendors. also participate in lawsuits as

well against these vendors that sell fake goods. so, they lose around $600 billion annually according to a lot of research reports, counterfeits. that is the effect on the u.s. economy that is a large sum of money. and amazon wants to get to the heart of this, another company will be speaking to next hour, alibaba, also targeting fakes on their websites as well. stuart: all together a good thing. got it, susan, thank you. amazon, let's talk about this with ray wong. 1872 right now. i know that the last time you were on the show, what did you say it would get to? >> 2050. stuart: now give me another forecast. >> 2100. stuart: 2100 on amazon? >> they're doing well in the cloudmarkket. doing good on retail. number comes out we'll see interesting things. a lot of voice chat bots coming out and they're really picking up. stuart: okay. netflix, you think it is going, what is it now? netflix is around 300 and

change. there you have it, 336. you think it is going to 400? >> 400. streaming war will happen. summer will hit. oh, my gosh, apple is on fire. comcast is on fire. it will be and strategy. netflix and comcast. netflix and apple tv. stuart: i have to tell everybody you have been right. you're consistently bullish on big name technology stocks. you have been right. now you're forecasting all of them will have major gains in the future. you have a strong stomach, young man. >> except facebook. stuart: except facebook you? don't like that one? >> no, i think there is a lot of regulatory overhang. i think they will still face a lot of issues. still an election season. ads will be there. there is a lot of engagement. they have to fix the regulatory piece. stuart: big picture, nasdaq, set a series of record highs recently. right now at 92 give me a number. when does it hit 10,000?

>> 10,000 by the end of the year. stuart: you're kidding me. >> no. big tech stocks carrying the weight. stuart: 10,000 at the end of the year for the nasdaq composite? >> yes. stuart: you remember late 1990's, nasdaq was 5000. >> excited about two. stuart: ended '90s at five. then it dropped like a stone. i thought it would never get back to 5000. it never get there. it almost doubled there. >> it is crazy. amazing. big tech is carrying everything. everything is a technology company. especially public cloud companies and social networks, hyper scalers that is where the money is. stuart: you keep going back to the cloud, the cloud,ed cloud. is that big growth area for big tech? >> here is why. data is powering the artificial intelligence. it allows us to figure out forecasting, next best action, what people are buying. it is creating digital feedback loops. it is getting more information so people get smarter and smarter. stuart: i sold chunk of microsoft at 159. that was a bad move, way it.

>> you can still get back in. stuart: it was a bad move. ray, always appreciate it. gamestop. cue the organ music please. not looking good. they're a videogame retailer. they reported weak holiday sales. jackie deangelis i think you're at a gamestop store in midtown manhattan. jackie, is anybody in interest? reporter: nobody is in there. you can hear a pin drop. that is part of the problem. why the company had to cut the full year guidance outlook. let me give you the stats. total global sales over the holiday shopping period were down 27.5%. that is part of the problem here. gamestop has been struggling for a while, closing a lot of locations. ceo george sherman says it was reflective, these weak sales during the holiday period of the overall industry trend but if you recall, black friday, and holiday sales were pretty strong. obviously gaming is a particular area where we're seeing a struggle. that is because gamestop focuses

on the console games. now there are so many other ways to game on the ipad, on your computer, on your smartphone, consoles seem to be dying out. that is a problem for this company and its business model. full-year earnings forecast 10 and 20 cents. gamestop says expect less than that. they will report fourth quarter and full fiscal year earnings in march, stuart. we'll be watching. a tip-off to investors there is a problem. stuart: down it goes. jacqui, thank you very much indeed. got it. amazon's top guy, jeff bezos, donated $690 million to the wildlife recovery fund i guess you call it. he is getting slammed for it. because people think he should have given more. fox news contributor jonathan morris with us now. look, $660,000 in anybody's language, that is a great deal of money. do you think -- >> it is. stuart: do you think we have any right to cast judgment on a man like bezos, oh, you should have

given more with your money? what do you say? >> it is a lot of money and i think people love to hate on very wealthy people and that's envy. that is called envy. but i think there was a communications issue here. for example, apple, google, their heads all gave money. they didn't say how much they gave. that is better, better pr, giving 690,000 which, if you look at the proportion of his worth, it would be like somebody who has 50,000 giving about $20 and going advertising that on social media. look, i'm giving money to australian bush fires. not a very smart strategy. stuart: what is it called, virtue signaling? you say, yes, i will give you some money. don't say how much. yes i give you some money, so you look good to the social squirrel. there is a lot of that these days, isn't it? >> yeah, there is. interestingly enough bezos is not giving his own money. giving it from amazon. he is getting a tax break.

all around i would say a bad strategy. so maybe, tim cook and others virtue signaling stuart, but doing it in a smarter way than i think bezos saying that he gave a very, very, small percentage of amazon's charitable donation. stuart: whiles we got you, some churches tithe their members, so the members give 10% of froze income to the church every year. what do you say to that? >> well it is a great way to encourage people to give more. catholics, for example, put change in the basket, you know, feel good about it. evangelicals do a lot better raising money, god likes you to give like the bible suggests especially the old testament, 10%. i think it is a good practice for anybody who is giving from their need, not only from their wont. but also a good strategy on part of the church.

stuart: before we leave you have you seen on netflix "the two popes"? >> i've seen parts of it. i haven't seen the whole thing. stuart: i've seen the whole thing. >> very good acting. very good acting. got nominations. stuart: poignant stuff. not quite enough to make me a catholic but nonetheless very appealing stuff. jonathan, see you again soon. thanks, jonathan. >> thank you. stuart: the trump administration considering cracking down on disability payments. up next, we have the guy who catches people committing disability fraud. he is on the show next. he has got some crazy stories to tell us. we'll be back. ♪.

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28,978. pretty close to 29-k. look at boeing, please, the year up to december 31st, they delivered 380 planes. doesn't sound like a lot of delivers are to me. the stock is up 3 bucks. 332 is your price. administration wants tighter requirements for disability payments, social security disability payments. give me the story. susan: 144 billion was paid out in 2018. that is large sum of money. 18 million americans were on disability. that is down from a peak of five years ago, 9 million americans. the trump administration wants to change the rules it, would be largest overhaul, biggest overhaul since 1978. disability payments you would quality for disability with severe condition on the list, something like lukemia or chronic heart failure. they would move on to consider age, education, past work experience to determine whether or not you qualify. right now the trump

administration wants to increase the age to 55 in that category. looking at, experience and education, which they say might not actually be able to determine who actually gets -- stuart: raising the age to 55 before you can qualify to get it that would be quite a big deal. that would make a big change. look who is with us. his name is esoal pinto. private investigation and security professional. he has been on the show before. he looks into insurance fraud. catch people all the time. don't you? >> we do. stuart: welcome back. social security disability is it a big problem, do you know? >> it is a huge problem? stuart: really? >> absolutely. stuart: a lot of fraud involved? >> oh, yeah. stuart: is it around back pain? my back is killing me. no medical test can prove it, i want disability, is that part of the became mere. >> it is a whole host of people. people allege to have back pain, leg pain, all kind of things. one guy in staten island,

construction worker. the first thing we do now, we do our homework. we run national comprehensive report on the subject. then we develop their social media footprint. stuart: oh, you check out social media. >> absolutely. stuart: in the old days, that is five years ago, you used to stake out somebody's home and get videotape of them running and jogging. >> sure. what happens today, everybody is on social media. so the subject will get comfortable after a while. they get checks. having a good time. no more work. they start telling on themselves. stuart: give me the story of the body builder. >> so we had a construction worker out of staten island. and, we had surveillance on him for a little bit. but after we ran a report on him. you know what? i'm looking at a social media. this guy is huge. this guy should be working out. we followed his social media. found out the guy was working out at a gym. we go to surveil the gym.

we get the guy going in. this guy is bench pressing more than me but he has back pain. yeah. stuart: that's it, back pain. >> right. stuart: fascinating. wish we had more time. why don't you come on back soon. >> anytime. stuart: thank you very much. good to g again. big scandal in major league baseball, 2017 world series champs, astros fined for stealing signs. the team's manager and general manager have now been fired. more teams could be facing the music. brian kilmeade breaks it down next. ♪. our retirement plan with voya gives us confidence. so we can spend a bit today, knowing we're prepared for tomorrow. wow, do you think you overdid it maybe? overdid what? well planned, well invested, well protected. voya. be confident to and through retirement.

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stuart: huge cheers for the president when he appeared at the big football game last night. afterwards, see that on the left? he wassed chatting with vince sawn the actor. now getting a lot of backlash. why? ashley: 31 second clip show him sitting with the president. they sheikh hands. everything seems great. social media outpouring was extreme. calling for him to be quote, canceled. saying that you know, i always use republican, this is just gross.

people saying no need for a wedding crashers sequel. can sell him. don't forget the ellen degeneres went through the same thing, spotted with george w. bush with a cowboys game. people went nuts over that. stuart: pathetic. ashley: it is. stuart: joining us live on the radio, brian kilmeade, host of the brian kilmeade show. as you know, astros fired their manager, fired the general manager, fined five million bucks for for a sign stealing scandal. i'm out of this. i always thought sign stealing is part of the game. it is not? what is wrong here? >> using a telescope like 1951 to find out what pitch ralph branca was getting that shot heard 'round the world. they didn't find out about it until later. if you're two, three, four, actual pitch is. games manship, game on. if you use an apple watch, if

you use a viewing center, if you have a camera in centerfield, if you relay that to the dugout, you will have a certain bang on garbage cans judging what pitch is coming, that is cheating. that is an advantage for baseball players that you and i probably couldn't benefit from but for them it is going from a 10% chance hitting the ball, to 80% chance hitting that ball. why is it they were undefeated at home fence the yankees in the playoffs? why is it they won a world championship and did so well, against the dodgers? this is a huge scandal. it is bigger than pete rose. it is almost as big as the steroid scandal. stuart: oh got to be kidding me. >> this is non-factor for houston astros fans. they have no reason to celebrate. they cheated. stuart: you got to be kidding me. you got to be kidding me. >> the manager was suspend and admired. so is the gm. stuart: it is not that big of a deal, brian. it really is not. baseball has far bigger problems

than somebody using a telescope or apple watch -- >> not in baseball. not in baseball. stuart: can't both sides do it? >> no, it is cheating. they got caught cheating. it is -- cheating. i don't know how es to say it. it is giving somebody an unfair advantage. the red sox do it next year, joey cora on the astros and they win a championship. if you're los angeles dodgers, you lost to the astros cheating and red sox are about to get slapped with bigger fine, more suspensions and more draft picks in 2018. the sanctity of the game is at stake. you worried about gambling? you should be worried about gambling. if the players can't be on up and up. why am i paying for a ticket? why is cable operator getting a game? if you want something fixed get wrestling. stuart: on dangerous ground now. i will walk away. i'm a complete outsider of this. i did gnat the nature of this.

>> it is stealing terrible. stuart: media obsession with the president. we have a news study. 93% of news coverage in the past four months was negative. the networks spent less than 1% talking about the booming economy. some things never change. the media is horribly biased. we all know it, brian. >> not like this. i see 60-40, 70-30 but this has been now for three years. it is amazing that his approval at 46%. you know, we talked about this, stuart. there are things the president does that don't make you popular. was it smart to retweet the photo of chuck schumer wearing islamic garb with nancy pelosi? no. is there some things he did getting in his own way, going after get that thunberg from "time" magazine. killing soleimani outstanding. changing explanations not great. he didn't even need it.

he got the attorney general to say this is justified. he didn't have to come up with anything. his approval rating along with some. things he did, any presidency, including republican presidency, 65%. amazing at 46%. knowing nine out of every 10 people covering you are only looking for something negative. stuart: it is extraordinary. you're right on the media. perhaps a little wrong on baseball, but it was a fun interview, brian. a very fun interview. >> look forward to seeing you at the christmas party. stuart: if i'm invited. kilmeade, good man. brian see you soon. today is the day before the historic signing of the phase one trade deal with china and a survey done by china's biggest retailer, alibaba, found they are optimistic about the american economy. we'll have alibaba on the show in our next hour. the lsu tigers not the only big winners at the game last night. president trump got a roaring standing ovation before the kickoff. that is victory for the

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usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa stuart: we are coming on the 11:00 o'clock in the morning on the east coast repeating the break news, fox reports that the house, house of representatives, will vote to send the articles of impeachment to the senate tomorrow, house democrats are still meeting about this as we speak and this is what's coming out of the meeting, the house votes tomorrow to send the articles of impeachment to the senate, now you know, and now this, president trump walked on to the field at the college football championship last night and was greeted with a roar, it was a roar of approval, the crowd let loose with usa, usa, 4 more years, true he was in very

friendly territory, louisiana, but sure seems like this president is on a row, seems like the man is on fire, why not, he's just taking out the leading middle east thug, something no other recent president has been able to do, tomorrow he signs phase 1 of the china trade deal, it's a win and now it's onto phase 2. tonight, keep america great rally and in all important state of wisconsin, they're already lining up, he has his base and they are on fire, in the last week new of historically unemployment rapidly rising wages for lowest paid workers and one record after another after stock prices, that means your pension money is looking good, no wonder he's on a role, political opponents look weak and divided, speaker pelosi lost the politics of impeachment, she delayed, won nothing and promptly caved. the speaker is not on a row.

tonight on iowa debate, did bernie really say a woman can't win the election, would any of them support iranian demonstrators, any of them, do any of them understand that huge tax increases will kill trump's prosperity, do any of them understand the strategic importance of trump's energy independence? the media tells us the caucus goers are anxious because they understand that none of the front runners are likely to beat the president in november. third hour of varney & company rolls on. ♪ ♪ stuart: in a moment some reaction, that little rant you had so sit there, steve will join us, the host of the next revolution, first, look at the markets, look at your money, we

have upside move for the dow, not bad, 62 points higher, a fractional move for s&p and the nasdaq, now then take a look, here is a tweet that came to us from congresswoman alexandria ocasio-cortez, here it is, the dow soars, wages don't, inequality in a nutshell, well, look who is here, elizabeth mcdonald, host of the evening edit, your response. >> great to see you, aoc, of course, is allowed to have her opinion but the recital of facts without the reality is key here. that's right, what we saw teachers, cops and firemen saw their pensions go up, they own stocks too, now it's bottom 10% under the trump years seeing income go up. you have your opinion, how do you get higher wages for

everybody, right, that means jobs, we are seeing 2.3 million more job openings than workers, that's the reverse. stuart: if your company stock price goes up that's a more valuable company, you have more to hire more people, of course, the stock market rally helps everybody. >> but still prevailing attitude, you know, the rich and those who prosper started life on third base, i have to say i didn't, i have been working since i was 14 year's old. that's the thing, we are talking about people who fought their way to get to where they are, right, and so the answer is more big government, watch this, obama named joe biden the job training, look at $18 billion in job training, report back to me, in 2014, tell me what's going on, they joked on the inside, obama administration train and pray that people will get a job,

biden said it don't work, job training programs don't work, aoc, what does work? conclusion is not where the mind should come, you have to ask, is it making government bigger, no, what works to get people in the lower classes up out of their income stratus. stuart: don't go away yet, stay right there, presidential candidate elizabeth warren repeated the claim that bernie sanders told her some time ago that a female candidate could not win the presidential race, bernie denies he ever said it. lauren: that was in 2018, a video surfaced from 1988 that shows bernie sanders saying this. >> the real issue is not whether you are black or white, whether you're a women and a man, in my view a woman can be elected as president of the united states, whose side are you on, are you on the side of workers or poor or are you on the side of big

money and corporations. lauren: there's been a progressive peace pact, without clear front-runner everybody including sanders and warren attack each other. stuart: sanders said, yes, a woman could win the presidency but allegedly according to warren, no, a woman cannot win the presidency. lauren: bernie said in december of 2018, bernie calls out ludicrous. stuart: liz, come back this, please, is this identity politics run rioting and you'll see it tonight? >> yeah, that's the key question, viewership plummeted by two-thirds, we all want women to succeed, i created the most powerful women in forbes magazine, we want women to succeed, women out there i bet, i bet are tired of gender politics and the fighting, the

infighting, now bernie sanders is sexist, everybody understands that, iowa caucus is in 3 weeks, voters want politics that help kitchen economics at home. stuart: stay there, you're not done yet. common theme on the program has been dominance of the big tech stocks, the 5 gigantic stocks, amazon, google, of course, microsoft, there's facebook and there is the other one which -- lauren: amazon. >> thank you very much, indeed. this is total dominance of the overall market. >> those 5 stocks, 18% of the s&p 500 and the leadership out of the 5 coming from apple and microsoft, both of them have 1 trillion-dollar plus valuations and they are about 4 plus percent in s&p, why is that important, when you look at capital concentration and the leadership that feels a little

bit toffee, the past 5 times it got 4% rating, that was a sell signal for investors, is that happening today, no. but something to consider when you look at the leadership in the market. stuart: that's very true, what do you say, liz, you're not out of the woods yet, can they keep on going? >> here is the thing and i'm going give you the serious back story that's happening right now on wall street, you know that the sec sector and the s&p 500 is doubled in value in the last 5 years, why is the federal reserve stepping in to get more money to the banks and dollars out there, that's been going on since september. there's deep serious fear, this is a wonky term, this is why people are saying, the markets are tope, because of the security, they are going to

hammer the big banks, you may see another bank bailout because of this rotten junk loan sitting on bank balance sheets around the world, there's a real serious fear, the fed, why are people still coming to get dollars, why is there a run literally on getting dollars, you know, you see -- you see with banks around the world, i'm telling you the crisis is coming and could hit big bank balance sheets pretty hard. stuart: all right, you've done quite well in in the last 15, 20 minutes or so. >> hope so. we have a rocking show tonight, you know, the president has a keeping america great rally, we will be all over the stories tonight. stuart: thanks, liz, good stuff. we have details on the trade deal signing ceremony happening tomorrow around, i think it's 11:30 p.m. eastern, blake berman, the chinese delegation will arrive at the white house around 11:00 tomorrow, this is

according to blake berman, the chinese delegation arrives at the white house around 11:00 o'clock, they'll have a quick meet and greet with president trump, the event itself starts at 11:30, the president, vice president, secretary mnuchin, ambassador lighthizer, they will all speak, the whole thing will last 30, 40 minutes, you will see it all right here on varney & company, history being made tomorrow. next case, president trump, he'll be in milwaukee, wisconsin tonight, another rally coming up, latest polling there puts him behind every democrat, we will ask the rnc about the polling. steve hilton is coming up, he says the establishment gop is dead, i say it's because trump is on fire, killed it, don't believe me, here a clip from last night's game one more time, roll it, look at this.

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by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. stuart: his strategy has been consistent from day one, he's antiwar but he's also antiweak, he was the same over syria, with drawing troops, you say in north korea, the same with china he approaches issues as problem-solving businessman, the establishment republican party

is not coming back, it is dead after trump, it will be a different republican party and for american workers families and communities, that is fantastic news. stuart: the republican establishment is dead, you can almost see him pounding the table. the host of next revolution. having made dramatic entry to the program. >> i don't know if i can match that. stuart: yes, you can and you will, make your case again. >> the argument i was making, and what i was arguing that the trump revolution, he doesn't get credit for, this revolution of ideas on the substance, what he's doing is taking traditional conservative inside and adding a new more populist aspect that is proworker, pro-american and right across the board, so, yes,

he's appointing conservative judges and doing paid family leave and most important he's building up our defense capacity and standing up to china, this is completely new. >> president trump is also a big spender. i don't see any plan to get rid of deficit. >> that's more in line with what your average republican voter, that's why the establishment is not coming back, they are out of touch with what the base of the party, not just the base but the vast majority of the party actually wants, that's why he's getting, president trump is getting approval within the

party. >> massively contrast, this impeachment thing is a waste of time. the president moving forward on issue after issue and my view on all of this, i really agreed with what your said on the take, and i find myself more supportive of the president and the results seem to be better, on a rationale evaluation oh of what's he's doing, you to come to the conclusion that he's delivering not just promises but americans in a way you haven't seen for a long time.

stuart: there's no way in a couple of british accents along with ashley, third british accent, we have to talk about megxit, the family discontinued megxit thing, i'm not going to use the queen's accent, i will use my regular voice, today my family has constructive discussions on the future of my grandson and his family, we respect and understand independent life as a family while remaining a valued part of my family, harry and megan have made clear they do not want to be reliant on public funds in new lives. you said, i believe, that those were the most emotional words you've ever heard the queen use. >> that's right. stuart: very emotional. >> for her it was, she's usually so restrained and that's one of the geniuses of the queen over her long reign she's maintained

mystique of the monarchy, no one knows what she thinks about everything and contrast with harry and meghan, they've allowed themselves to be politicized, look at the way they put progressive in their statement, that's a highly political word and they announced it. stuart: you can't do it. >> that's the difference there, i think the queen's statement was interesting, lower the temperature saying, look, we will sort this out and it'll be fine, the fundamental issue, you know very well, it comes down to money, when they say they will earn their own living how will they do that without exploiting the royal brand. stuart: it's the whole thing, you can't make money out of the monarchy, you can't do that. >> what they want all the benefits and perks of the monarchy without doing the work. stuart: celebrity. i'm sorry the american was left out of the discussion. you're too late. >> i will ask in break.

>> ash and i, great show on this -- if you want more on megxit. stuart: you didn't ask me. >> you can't have that many. steve hilton, get out of here, thank you very much, indeed. you will have extra 15 seconds in the next block. two luxury car makers, they will come on your screen any moment, porsche gotting at it in the electric's market, release electric car this year, should tesla be worried, their stock is flying as high as you can possibly imagine and elon musk is teasing about talking cars, we've got it for you, we promise, next.

stuart: have you noticed that tesla has been on a tear, it's up 12 bucks today, i think it was up 40 or 50 yesterday, but now does this talk about tesla has got a talking car, go. >> the car talks to pedestrians on the street, kind of like this

[inaudible] >> english accent. lauren: elon musk tweeted that out, we have very few details, this is what we do know that newer model 3 because of federal regulations, electric cars need to make some sort of noise so pedestrians know they are around and coming, if they're able to do that with a car, i feel like elon musk, well then i will do that and then some, what kind of messages is that car going to say, it could say nasty things. stuart: british accent. ashley: i have a few ideas. it did. stuart: okay, get to porsche, record year in 2019. >> ashley: i see them everywhere, the suv, 280,000 total porsches delivered in

2019, 10% more than 2018, up in europe, 8% in china, but it's the kayan up 29% year over year and by the way, they are their own electric version coming out, the takan which we thought it was a terrible name, it's all electric and you will pay a lot, 303,000 will be the base model, we will see how, you know, the demand for that is. stuart: who knew that volkswagen was the parent company these days of porsche, that's why we are quoting vw stock. next one privacy in our homes, we have all devices, all of us have devices, most of us do to help us keep tuned in what's going on at home when we are out, ring, you get the point, how do you make sure that the device is working for you and not for the hackers, good story and we are on it, our next guest

says that the 2010's, that was a decade of real estate recovery, i want to know the housing market in the so-called 20's, jerry howard is next. lauren: i like that house. ♪ ♪

stuart: well, well, we just hit 29,000 again, we backed off a tad, we are at 28,899 point 2, got it, president trump china's vice prime ire are at the white house, you can watch it live, history being made, watch it here, varney & company, now this, do you remember this awful video, the man who hacked into a home and told the kids he was santa claus, awful stuff, watch it, please. >> who is that? >> i'm your best friend. i'm santa claus.

i'm santa claus. don't you want to be my best friend? stuart: any parent would find that hard to watch but it's a good warning, is it not? global entrepreneurship network and knows a thing or two about this, let's get right at it, jeff, tell me how i could stop that kind of thing from happening? >> well, you know, amazon spent a lot of money building this facial recognition technology, they call it recognition with a k because they want to be able through your ring to ensure safety, so the access to this kind of video, it was actually done for a good reason, in fact, hundreds of police forces now have access to ring video, but as we see the hackers can get into that, in fact, you saw that video shows live footage but one of the new dangers is a hacker gets into your ring, they look through your videos, they find a video of let's say your pet

sitter, your babysitter really ringing your doorbell, they remotely ring your doorbell and play with the video, you see, your babysitter and she says push the button let me in to get you to open the door, i mean, it is definitely dangerous. stuart: i have to know how do i stop it, can i stop that kind of thing easily from happening? >> actually you can, there are two ways, one credit ring because they are working on security enhancements, right, new software upgrades, but what you can do for our viewers is go to your settings and change, you need to enable the two-factor authentication and those don't know what two-factor authentication, somebody tries to access your doorbell, your ring, your system, it sends a text to your phone with 6-digit code that you have to enter, unless they have your phone, they can't get in, go enable two-factor authentication

immediately, it doesn't come enabled that way, you to go change that right away. stuart: okay, so if i've got one of the in-home cameras for whatever reason, in-home monitor, it's operated from my phone, i should go to my phone, go to settings and make sure that it's a two-step authentication process to get to it and to use it, is that right? >> absolutely, but stuart, i have to tell you, here is the one that scares me more than your doorbell, it's your tv, that's the one people aren't talking about, smart tv's today, almost all the ones that you bought, if you bought a tv in the last few years it has a camera and microphone on it that you probably didn't know, if you ran your finger around the black edge of it you will find camera, they created the television manufacturers and networks have created technology acr, automatic content recognition, facial recognition and voice recognition so your tv in your living room wants to know who is

watching and what show are they watching, so they are looking at you through a camera using the acr, facial recognition, they know it's your teenage daughter, voice recognition, they hear her talking and they want to hear her say this show is bore -- boring and in fact, the technology is interesting that it was quite a scandal because the cia, wait, we can listen and look at people in their homes from their tv, it's calling weeping angel, you can google it, people say is it legal and the question is no, it's not legal, video protection act of 1998 protects us from that but, stuart, every one of us when we install something or set up new tv, it says accept user, when you click accept you are overoverriding your own protection because in the fine print that no one has ever read, it actually says, you're enabling us to do something they called smart interactivity,

that's the setting on your tv, you just gave them permission to use the camera and use the voice, the microphone to look at you and listen to you to figure out what you're watching on tv, who in your house is watching it and what they're saying about it. stuart: that's extraordinary. >> it is. stuart: i did not know anything about this before, you filled me in, jeff, good stuff, indeed, why don't you come back again because i want more on this, please. >> i absolutely, you can turn that off, put a piece of black tape over the camera. stuart: exactly. >> that's the low-cost version or go to settings on your tv, look up something called smart interactivity and turn it off. stuart: i'm moving very fast, i've got this happening now swell, american airlines extending cancellations due to grounding of the max jet, that

extension is running through june the third, okay, we've got boeing stock on the screen, it's up 3 and a half bucks, i've got american airline tons screen, it's up 50 cents, dow at all-time high, 29,012. it's all happening. next guest about the roaring 20's as far as the housing market is concern, the roaring 20's, the decade we are now in. jerry howard back with us, national association of home builder, he's the president thereof, are you saying for the home builders it's the roaring 20's, here we come? >> we are poised for a great time, i will tell you that, the recover. >> i things went well, i was talking to my economist it is other day and said there are no headwinds right now, there are cross winds but nothing really holding us back, so we are poised for some

good times. stuart: you're not talking about the overall real estate market, you're talking about the home builders, the market where people are building homes, brand-new homes. now, make your case, why is it going to be so good? >> well, because we have never really fully recovered. we do not have full inventory on the market. right now we have 3 and a half months worth of homes on the market for sale, we need 6 for healthy market, we are 3 months behind, maybe a million homes we are behind, that's really good sign going forward. also as we are pulling young people, real shocker, as they find jobs thanks to the great economy we are in, as they start moving out of their parents' homes, ultimately they want to be houses, another great sign. stuart: household formation, one more. >> that's exactly right, lastly the policies that this administration has put in place with respect to regulation, availability of capital, trying to encourage the labor force,

great things for us and our builders, our index, opportunity has been highest since 1999. pretty good. stuart: let me raise the issue of indiana, it's a neighboring state to illinois, as i understand it indiana issued more than 6,000 housing permits in 2018 compared to illinois, they are looking on the screen, 10,000 illinois, 16,000 indiana, is that a tax exodus, that people leaving illinois? >> i will go charles dickens on you, indiana has less than half of the people of illinois, 60% more housing permits and that's because indiana wants growth, i will give you two quick anecdotes, i have a good friend that's one to have largest multifamily affordable rebel

housing producers in the midwest, he will not invest in illinois, i have another friend who is a single family investor, he buys distressed properties, he's buying distressed properties in gary indiana, rehabbing them and renting them to policemen, firemen, teachers, nurse who is live and work in chicago and can't afford to live there, illinois is a mess. stuart: extraordinary, you guys are building for people who are leaving those states, jerry, always good stuff, thank you very much, indeed, sir, appreciate it. next president trump heads to wisconsin this afternoon, big rally tonight, he's trailing every big democrat contender in that state follow the polls, he's trailing them, we have the rnc on that in just a moment. i want to get back to this clip from last night, president trump and vince vance, the nerve of vince vance, handshake with the

president, extraordinary, sir.

[cheers and applause] [cheers and applause] stuart: did you catch the chant there, usa, usa, 4 more years that was the president standing ovation of the president last night but actor vince vaughn, he was seen with the president in a private box and social media wants to, what, cancel him, lauren? lauren: they actually shake hands, wait for it, vince vaughn

shook the hand of the president of the united states, that vestee, this is what's going on on social media, stephanie kennedy disapproves, i'm not angry about vince vaughn just profoundly disappointed and i want nothing more to do with him, once upon a time i found him quite entertaining, not even more, some approving to have meeting and handshake, i like vince vaughn before, love him now, don't care about political affiliation and he has class and is respectful to the president, that's a rarity if today's world, other snowflakes could learn from him. finally, one more for you, stuart, joe, swingers and wedding crashers get taken off the air for all eternity after vince vaughn had a civilized conversation with the president. stuart: he's on the hill, good man. ashley: ridiculous. lauren: you need to be able to talk in today's society whether you disagree or not. stuart: you are right.

absolutely you do, for sure, rnc communication's chair, cassidy, they loved him in new orleans in the football game last night, tonight he goes to wisconsin, in that state, very politically important state he trails in the polls against all the leading democrats, what do you make of that? >> well, the recent fox news poll had that lead shrinking significantly, the more people see the president, the more people see the results of the president compared to the rhetoric of the far-left democrats, the more they like donald trump and the more they are willing to give him 4 more years. stuart: can you tell me if they're lining up already? >> yeah, they are, i just saw a tweet that the first in line yesterday at 10:00 a.m., the first woman in line, this is their tenth rally for the people

who were first in line, you and i talked about this before. these aren't first-timers, checking things out like we saw in 2015 and 2016, these are people who not only return rally goers but volunteers, they are now investors, some of the greatest small dollar donors are are coming from the rallies, we have the ground game in place in wisconsin, battleground states across the country to make sure that when we see this we know how to activate them and turn them into voters. >> no enthusiasm from the video, you have seen the study from the media research center, they looked at abc, nbc, evening newscast in the 100 days since impeachment began, 93% of the coverage was negative, only 1% of the coverage was on the economy, i mean, just look at that, you've got, you're fighting the entire media. >> yes, certainly it's not because there's not enough to talk about on the economy,

there's lots of good news in the economy, but this is why you see president trump are going straight to national championship game, he can't count on the media to help proclaim the good flews for him, he has to go directly to the american people, we found that he's spends 80% of his time at rallies talking about the economy because no one else will. stuart: sorry to interrupt you, i've got it on the screen now, 849 minutes on impeachment, 9 minutes on trade and the economy, that's ridiculous. >> well, it's biased because we know that voters, the economy is among tops or 2 issues, so the fact that the media would ignore the will of voters and viewers quite frankly by going ahead with their own desire, topics and bias, it shows why the ratings are as low as they are and trust on the media as low as it is. stuart: we are doing okay, thanks for joining us.

[laughter] stuart: we've got a record high for the dow industrials, we are at 29,014, the gain stock is going the other way, very poor holiday sales, we are playing the death watch music, they are expecting another drop this year. stock down 13%, $4 per share, look at alibaba, i should tell everyone that i own a very small slim of alibaba, businesses in america buy from them and they are bullish on the economy, clsic varney power bluff next with someone from from allibaba don't miss it please, coming up next.

♪ limu emu & doug

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: look at this, another record high for the dow. now we are up 120 points. i might point out that the nasdaq and s&p are actually negative territory but new high for the dow, up 121, 29,027, now take a look at alibaba, that stock has been on a tear recently, down a couple of bucks today, susan li is back with us who has some new information

from alibaba.com about america's strong economy. >> yeah, overwhelming confidence in the u.s. economy as well. they did a survey, 62% are optimistic on the economy going forward, not surprisingly 46% of these businesses think that their businesses will grow in the future and because of growth that means they need to hire more people, that means hiring more americans, 57% said that they would hire more employees over the past year or so, now, 10 million buyers and sellers are on the platform and a third of the buyers come from the u.s., u.s. is fastest-growing source of sellers, more alibaba .com president, this is overwhelming president from one of the largest companies in the world, the largest in china on the u.s. economy. >> yeah, what we have seen and wanted to do at the start of the decade benchmark where u.s.

small businesses are and what we see is overwhelming confidence about the u.s. economy, so a business owner in des moines, iowa is thinking positively about the future, they are investing in their business and hiring because they all want to participate in global demand that's out there, they want to sell globally and that's why alibaba.com is here. >> 24 hours away from the phase 1 u.s.-china trade deal this hasn't impacted sentiments at all be either chinese sellers or u.s. companies? >> i'm wondering, if john, making his company and his survey look good to get on the right side of us here in america. [laughter] >> what's most important for u.s. small businesses is the global market, right, so we've been working with the food export association, the brooklyn chamber of commerce, we are going around the united states to help u.s. small businesses participate and export into the global economy, that's what alibaba.com does and one of the

interesting statistics in the survey showed that fewer than 30% of u.s. -- excuse me, two-thirds of u.s. small businesses have been doing business internationally for under 5 years, it's a new opportunity for u.s. businesses and we want to help. stuart: you want to be the platform? >> correct. stuart: that's what you want to be. susan mentions that you'll be hiring more americans, how many americans are employ bid alibaba right now and how many will you add? >> alibaba has a small cohort of employees here but what's more important is u.s. small businesses are hiring to help them digitize their business, to globalize their business, looking at the statistics here, 57% of u.s. small businesses have hired and 50% of them expect to hire more to help drive -- >> are you surprised by the optimism on u.s.-china trade war? >> i'm not surprised. u.s. businesses are in front

line and have confidence in their products, no up with makes products like the u.s. >> what about tariffs, tariffs going into china? >> what we have seen in platform in an uncertain environment, small businesses seek platforms like ours to reach global, we do businesses in 190 countries, you have been an entrepreneur in des moines, iowa, farmer, list goods on alibaba.com platform and get customers around the world, whether that's someone in the county over or someone in dubai or anywhere in the planet. stuart: john, thank you very much for coming today, intriguing, the strength of of american small business, appreciate you being here, i have to tell everyone i have a thin sliver of alibaba stock, i'm not trying to pump you up at all. that stock has been on a tear. >> good things are on the future for u.s. small businesses. stuart: okay, we will take it,

john, thank you very much, indeed. we will have more varney for you after this, promise.

stuart: well, look at this, this is odd marketplace. 29,925 on the dow. that s&p is up a tiny fraction. the nasdaq is still down a tiny fraction. that is a real mixed market, isn't it? i can pick up a couple dow stocks doing particularly well. jpmorgan, boeing, when they go up, they help the overall average. that is not explain the 120 point gain for the dow. >> apple is responsible of 1/3 of the dow going from 28,000 to

29,000. if we close above 29, first time ever. stuart: trade one of the china trade deal is signed. china's vice premier the president at the white house 11:30. we'll be on it. we'll be all over it. neil, it is yours. neil: stuart, thank you very, very much. as you've been saying we're in and out of dow 29,000. stocks getting a big boost from bank earnings. or at least two big ones that reported, jpmorgan, citigroup. wells fargo, not so much. jpmorgan ceo, jamie dimon touting positive signs of the connie. >> doing okay. the united states consumer, 70% of gdp. their wages are going up, their saves are strong. balance is in excellent shape. household form make. i think it is pretty good. 30% is business. confidence came down, cap-ex came down and i think a lot