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tv   Varney Company  FOX Business  January 22, 2020 9:00am-12:00pm EST

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maria: join us tomorrow when i speak with the adviser to the president, ivanka trump on the request mornings with maria" from davos. have a great day. stuart varney is next. over to you. stuart: good morning, maria. good morning, everyone. the corona virus. president trump says america has it under control. quote, everything is going to be fine. that's what he said. we have one confirmed case here in america, a 30-year-old traveler from china is in intensive care in washington state. health officials in china say there have been nine deaths and 440 reported cases. hong kong now has a case confirmed. so, too, does japan, thailand and south korea. now, the coronavirus, that news helped push stocks down yesterday, but we've got a rebound this morning.
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the dow up maybe 60 or 70, s&p 12, nasdaq, nice gain there, up nearly 60 points. that's premarket. president trump is now on his way home from that global elite compound in davos. he left quite a mark. in fact, he dominated the whole thing. america's extraordinary economic performance stole the show. instead of obsessing over climate change and income inequality, the high and mighty were forced to recognize the success of american capitalism. they know that we are helping them. but again, we have this contrast. while our president strides across the world stage, back home, there was an ugly display of back-biting politics as democrats try to throw him out of office. it will happen again today. day two of the impeachment trial set to begin four hours from now. but don't worry, we will watch it for you. sit back and watch the good stuff flow. "varney & company" is about to begin.
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i didn't want to do china and europe at the same time. i said let me finish china first and when i finish with china and frankly, mexico and canada, as soon as we do that, i will do europe. they have been very difficult to deal with, but ultimately, it will be very easy because if we can't make a deal, we'll have to put a 25% tariff on their cars. 20% or 25%. and i'm sure they are going to make a deal. maria: you think she's going to do it? >> they have to do it. they have no choice. stuart: maria sat down with the president, as you saw there, at davos just before he left to come back home. you will see more of that in today's program. we've got a big show. florida senator rick scott is with us. maria, more from her interview with the president of the united states. wyoming senator john barrasso. texas governor greg abbott and trump 2020 campaign manager, brad parscale. yeah, big show.
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let's get right at it. fox news columnist liz peek is with me now. it was an economic tour de force by the president in davos, one thing after -- trump dominated it. >> absolutely. he told the war what he's going to tell american voters in the runup to the 2020 election which is our policies have worked. our agenda has worked. lighter regulation, lower taxes. who is benefiting? the word most often used in his speech, it's all about the workers and he's extolling that agenda but also calling on europe to do the same thing. look, they have average unemployment of 7.5%. we are at 3.5%. they are not growing. we're growing. the message totally was this is good for middle america because those are the states that are in play, those are the voters that are in play. president trump won those voters in 2016 with promises. he has delivered on those promises and he's going to win them again in 2020. it was a tour de force. by the way, everything else he
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did, the meeting with macron which resulted in a postponement of the tax france wants to put on our big tech companies, protecting american interests. that's what trump is doing. talking about europe and threatening to put tariffs on europe. that kind of blows out of the water the idea that all of this china trade deal with time to win the election. if he's taking on europe, that is jeopardizing growth, jeopardizing his re-election, but he's convinced we need to use america's power, might, strength and wealth to force an open and fair playing field for american interests. i applaud that totally. stuart: he held another press conference this morning and larry kudlow spoke at it, and he looked to the future. he said look, you might get 3% growth in 2020 which is dynamite. >> there are lots of reasons -- absolutely, there's lots of reasons these trade agreements, usmca and china pact might accelerate growth in the united states this year, and something
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that no one is talking about, housing and energy. both very strong sectors. housing has been dead in the water because of lower mortgage rates, because millenials are finally getting jobs and getting higher incomes and so forth. housing is something that's definitely going to participate this year. i really think we could, i am sure, i will guarantee you, we will see estimates of gdp growth going up, not down, in coming months. that's very powerful for president trump. stuart: liz, hold on for a second. let me turn to look at boeing, please. i'm quoting boeing premarket. they are down three bucks at $310 a share. boeing took the whole dow industrial average down yesterday. they dropped at one point to $305 a share. this morning, larry kudlow acknowledged that boeing's troubles will hurt gdp a little. this morning, we are down three bucks. $310, that's boeing premarket. rosy forecast from ibm.
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did you know they are third in the cloud business behind amazon and microsoft? i didn't know that. but they are. that's part of why they are up five bucks this morning. $144, ibm. netflix. here's the premarket quote. they reported subscriber growth overseas late yesterday but not in america. with us today, dr barton. netflix, $337. growth overseas, not so much here. what do you make of netflix? >> yeah, they beat by a lot overseas. missed the guess by 50,000 here, beat it by 1.1 million. here's the thing that i think the market is telling us when it was up a lot more in premarket. here's what the market is telling us. netflix is going to be one of the big winners. streaming is so important. they are doing 130 international new tv series this year alone. stuart: 130? >> 130. that is two a week. they are killing everyone on content. that is why they are getting so
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many international subscribers. the market is telling us yeah, disney's got some new people, apple's got some new people and we like their stocks, they're up, but netflix is going to be the predominant player in this streaming thing going forward. ashley: what about [ inaudible ]? how sustainable is that? >> that's right. they are going to be down about $2.25 billion this year but they are playing the long game, not the short game. ashley: okay. stuart: all right. got that, hold on a second. let's get to the coronavirus. 440 cases in china, nine deaths there. new case reported in hong kong. the president says it's under control here, though. susan: we also have reports of a case being investigated in northern mexico as well so you see this rapid spread globally outside of chinese borders. cdc confirming there is one case in the u.s., a man who came from wuhan and had a connecting flight as well. now they are adding checks in atlanta and chicago along with los angeles, san francisco, new york and they will funnel all wuhan flights through those five
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airports to make sure all passengers that come from that chinese city are actually i guess overseen and checked before they come into u.s. borders but we did have recovery in u.s. stocks. yesterday we had a selloff in shanghai and hong kong. they came back a little bit. as we know from other past selloffs, when it comes to these concerns over health and spreads of disease, yes, short term they fall but they do come back. think about the scare of ebola and also sars in 2002. stuart: you don't think this is another case of ebola and sars? >> it doesn't look like it. i will take you back to october 2014 when the second confirmed case hit, the markets dropped 6% in two days. it was a huge scare. i think the president yesterday saying we are working on this, we are putting extra people on it before it becomes an issue has really calmed the markets and calmed the american public. susan: quickly on that call, there was no panic. not like ebola, not like sars.
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they are just taking precautionary measures and are concerned. stuart: look at futures, please. bounced back from yesterday's decline. across the board, some green arrows. 70 up for the dow, 12 for the s&p, 5859 for the nasdaq. as washington, just washington, they are focusing on impeachment. as they do that, president trump is focusing on jobs for america and tax cuts 2.0. watch this. >> i'm going to make a tax cut and we are going to probably make the other permanent. it's got a long way to go in all fairness but we will make that permanent for the middle class so we will be doing that. stuart: sorry. i jumped in there. maria was speaking with the president there. she's going to join us later this hour for more on her interview with him. hillary clinton walking back her attack on bernie sanders. remember, she claimed that nobody likes him. we will tell you all about that walk-back. sparks fly late into the night. chief justice john roberts reprimands both sides in the impeachment trial for calling each other traitors and liars.
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florida senator rick scott was there. he will join us momentarily. what was it like in the room? he's with us next. ( ♪ ) hey there! i'm lonnie from lonnie's lumber. if you need lumber wood, lonnie's is better than good. we got oak, cherry, walnut, and more. and we also have the best selection of plywood (clattering) in the state... hey! (high-pitched laughter) man: dang woodchucks! (wood clattering) stop chuckin' that wood! with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance.
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stuart: day one of the impeachment trial. it ended after 13 hours of debate over the rules. there was some sparks a'flying. watch this. >> the president sometimes relies on the theory of absolute immunity that says that he can order anybody in the executive branch not to testify to the house or the senate. it's embarrassing, the president's counsel would talk about this today. >> the only one who should be embarrassed, mr. nadler, is you for the way you have addressed this body. >> i think it is appropriate at this point for me to admonish both the house managers and the
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president's counsel in equal terms to remember that they are addressing the world's greatest deliberative body. stuart: i wouldn't exactly say that sparks were flying, but let's bring in senator rick scott, republican from florida. mr. senator, thanks for coming on the show. i know your time is valuable. you were in the room on the senate floor all day yesterday. it seemed like it was incredibly boring to me. can you paint a real picture of what it was like? >> i think people had a lot of coffee trying to stay awake. it was really boring. i'll tell you what the commitment the republicans have. we will have a fair trial. we are following the rules of the clinton trial. the house democrats are trying to waste time, trying to change the rules because they know they don't have a case and in the meantime, i talk to people back home in florida. they want us to do something, do something on drug prices, do something on securing the border. i think the american public is, one, bored and frustrated that
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democrats are stopping us from doing things. stuart: but it seems like it's going to go on for literally weeks, day after day, isn't it? >> well, i got home about 2:15 and i mean, it was the same thing. they don't have a case. the house democrats do not have a case so they're saying the same thing and making us take votes over the same issue all the time. i don't know when they start today at 1:00, when they start talking about their case, you know, i don't know what they are going to talk about because all they talked about last night is oh, we need moshre, we need mor. this was their job. they say they are so committed to getting this impeachment done, getting it done quickly, now gosh, they need more witnesses, they need to slow this down. stuart: you're killing us, senator. >> they got a problem here. stuart: yeah, but is it really in the democrats' interest to spin this thing out? >> well, i think they figured out the american public acknowledges that the house was
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unfair and so now they are trying to tarnish what the senate is doing. i can tell you the senate, the trial is going to be fair. we are following the clinton trial. once we hear from both sides we have a chance to ask questions, we will decide if we have witnesses or not. it will be fair in the senate. i wish we were getting back to work but the house democrats don't want to do that. stuart: mr. senator, is it true that you are not allowed to drink coffee on the floor of the senate? you may drink water and you may not eat? all you've got for sustenance i'm told is a candy drawer. is that accurate? >> there is a candy drawer. you are not supposed to eat on the floor. you can have water and it's my understanding you can have milk. you have to sit in your chair the whole time. you can't talk to anybody in the room, no electronics. so it was pretty boring last night because we heard the same argument like every two hours, they start because every amendment was two hours. so for the first hour, adam schiff would get up there and
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say the same thing. stuart: are you still happy you went to -- got voted into the senate? are you still happy about this? >> you know, i think it's frustrating, it's dysfunctional, it doesn't make sense right now. but i came up here to get something done. i'm absolutely committed to getting things done. i believe we will do that. look where we are. we have the lowest unemployment in decades. we've got good tax cuts done. we will get more tax cuts done. we are beating everybody in the world economy. we are starting to hold china accountable. there's a lot of good things that are happening up here. stuart: what a contrast. what's going on over there and around the world from what's going on in the greatest deliberative body in the world. mr. senator, always a pleasure. we appreciate it. >> nice talking to you. have a good day. stuart: thank you, sir. appreciate it. how about this one. retail ice age, yes, indeed. long-time new york grocery chain fairway planning to file for bankruptcy? ashley: no plan to exist anymore. chapter 7. this isn't a reorganization. that's it. done. they actually went into chapter 11 back in 2016. 14 stores, it's kind of a
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legendary iconic store in the big apple. no more. it has struggled and struggled, couldn't find any buyers. they've got $174 million in debt. the leases on some of these stores, the most expensive lease is for $6 million just to lease for one of these stores. they just could not afford it. no one would come in and buy it out. we understand according to the "post" that the owner of shop-rite chain may want to buy the stores as more locations for them. fairway, many people in new york know fairway, it's going away. stuart: here's another one. the stationery chain papyrus closing stores. susan: sherman retail, they will shutter all the 260 locations, bricks and mortars that belong to papyrus, where you get the fancy wrapping paper and greeting cards. greeting card revenue has steadily gone up over the years. people do it online now and there are cheaper options as
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well. 1.6 billion cards were exchanged during the holidays. that's a lot of cards. stuart: i can see why you go online. you know exactly what you're getting. susan: there are better options, talking about popup cards that are now being offered for cheaper. trends have changed. you have to keep up with it. this goes and adds to 9,000 stores shuttered last year. stuart: you're right. i have to keep up with the trend, this internet thing. all right. let's have a look at futures again. the stock market, down yesterday. we will blip up this morning. 60 for the dow, 12 for the s&p, 57 for the nasdaq. here's a story that's kind of hard to believe. the saudi crown prince reportedly hacked amazon jeff bezos's phone. the saudi kingdom denies the accusation. we have the fallout, next.
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to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. stuart: here's a story with buzz. amazon's chief jeff bezos, richest man in the world, reportedly his phone hacked by the saudi crown prince. tell me more. ashley: yeah, back in may of 2018, they claim that the two individuals, mr. bezos and mbs, as he is known, were exchanging
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whatsapp messages and it is believed, according to a report by the guardian, that during the course of that, there was an infected video file that enabled the hacking of jeff bezos's phone. that's what they believe. it's not known what kind of data that hack revealed, but five months later, jamal khashoggi was murdered in that much-publicized -- he was a writer for "the washington post" owned by jeff bezos. is there any connection? don't know. the guardian reporter on this story continues to stir the pot. the saudis say the whole thing is absurd, there was no hack of jeff bezos's phone, but apparently that's the claim. stuart: okay. i've got to get to this -- they put out that statement -- susan: the u.n. just announced they are investigating this. stuart: let me get to this. this is important. breaking news happening now. tulsi gabbard suing hillary clinton for defamation. susan: defamation lawsuit, that's right. the u.s. representative and potential presidential 2020
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nominee, she says that clinton deliberately, maliciously made false statements in an attempt to derail gabbard's campaign by alleging that gabbard is a russian asset. what she's seeking here is that she's looking for compensation, money, and also an injunction prohibiting the further publication of clinton's defamatory statements. but you know, clinton of course has still involved herself in this 2020 race by calling bernie sanders unworkable, uncooperative. stuart: he does nothing, got nothing done. he's not very nice. ashley: not as bad as being accused of being a russian agent. much worse. stuart: futures show when the market opens in four and a half minutes, we will be up across the board, not much. little bit of a rebound from yesterday. we will take you to wall street after this. as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut.
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stuart: well, well, well. that's netflix stock premarket, down five bucks at $332. joining me now, netflix analyst bernie mctiernan. you think it's going down a lot more. tell me why. >> exactly. you had the 4q results were a million above consensus.
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they are lowering subscriber estimates by 3% for the year. we think revenue growth will continue to decelerate. in two years you will be looking at high teens revenue growth, put four or five times multiple on that, you get to 275. stuart: you think it's dropping to 275. >> 275 price target a year from now. stuart: 275 a year from now. >> exactly. stuart: you were there. >> i am. stuart: short, sharp, to the point. appreciate that. look at this. the market has opened. i see plenty of green, left-hand side of the screen. about half the dow 30 are on the upside there. just a few on the downside. we've got a 54-point gain in the first few seconds of business. how about the s&p 500? where is that, he says? up a quarter percent, 9.5. 3,329, an all-time high, ladies and gentlemen. back to records. same with this. that is a new all-time high. nasdaq up 41. crossing 42. crossing 9,400. i never saw that one coming. shah gilani is with us this
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morning along with susan li, ashley webster. let's start with shah gilani. you made a few headlines, you made some waves when you predicted on this show the dow would go up 20% this year. you still sticking with that? >> absolutely. stuart: say it again. >> 20% this year. i think the highest i have seen is about 10%. i think it's definitely got 20% in sight. the market has tremendous momentum right now. there's nothing that's going to interrupt that momentum. there is always extraneous things that could come out of left field and do something but right now there is nothing on the table, nothing on the front burner. i don't even see anything on the back burner. we have stocks that are gaining in terms of revenue, in terms of profits, and in terms of additional investors going into them. you have the fed keeping rates lower for longer. there's the support mechanism there. and u.s. economy is doing great. more money is coming in. as the global economy picks up, more money will come in here. market will go a lot higher. stuart: since we have bernie with us, he was with us, he only spoke for about 30 seconds,
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let's give him a shot. what do you think? 30% up for the dow industrials this year? >> yeah. that seems like a big bogey to hit, but one of the key things you have to look at the performance of the market from the october highs of last year, not, you know -- stuart: are we going to go up 20% for the dow this year or not? >> so -- stuart: or not? >> i hear that usually the market's up again after 30% gain. maybe that's the case again. stuart: up another 20% this year? you think that could happen? >> i would think 10% to 20% is more likely than 20% to 30%. stuart: listen, here's how you do tv. come right back at me and say this thing is going up 10%, maybe 20%. that's how you do it. >> if you are someone like disney you can get those kind of returns. we have a $175 price target on disney. we think the company will announce 25 million global subscriber adds by the end -- stuart: see what you did, shah?
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29,284. all right. earlier this morning, president trump said the coronavirus is under control. so shah gilani, you don't think this is a threat to our money, our market at all? >> certainly not at the present time. unless this explodes and hopefully it will never do anything like that, it's certainly under control. the cases doubled overnight in china. i think the deaths have been fairly limited. i think nine, not sure if the number has gone up overnight, but that's relatively small amount of exposure people have. the market is not reacting to it. stuart: no, it's not. we keep going up. 94 up for the dow at the moment. can you show me apple, please? if you want a new iphone, you don't want to spend a ton of money, you may be in luck. what's this, a discount iphone? susan: right. everyone knows and predicts the cheaper iphone is coming to market in the spring of this year. bloomberg now reporting that suppliers are getting into actions to start building it and it should be released sometime possibly in the spring but we know production has kicked off next month or will kick off next
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month. they have the contract for it. this cheaper iphone is basically going to look like a 2017 iphone 8, meaning no biometric face i.d., more touch i.d., it will have a 4.7 inch screen. that usually sells -- right now the iphone 8 sells for $449. a cheaper iphone called the se in 2016 sold for $399. the iphone 11 sells for $1,000 plus. you know, cheaper iphones really worked for apple because in 2013, they launched the 5c. that wasn't a big hit. however, pricing is a problem in emerging economies like india and china. stuart: why not compete in the low end market in some places -- >> why not? stuart: why not? susan: in 2013, the 5c didn't work because apple is seen as a premium brand and you made more money per iphone if you have a big price tag. when you are not competing very well in india and not doing as well as you used to in china compared to cheaper options, this might be the solution. stuart: i think apple at $318 is
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pretty close to an all-time high. whether it's there or close to it, i'm not sure. i will take $318 on apple. look at boeing, please. as we reported yesterday, they don't expect to get that max jet back certified until the middle of this year. the stock has dropped to $310 this morning. it was as low as $305 yesterday afternoon. that thing now is 40% away from its all-time high that was reached last march. now, i sold microsoft and put some of the profit into boeing. i bought boeing at $330. obviously i made a mistake, right, shah? >> it's not a mistake if you average down. stuart: great. thanks for being on the show. >> i have said i was looking at boeing at 220. when they said they needed to raise, they wanted to raise $10 million, i pulled. fortunately i didn't get hit at that number. i'm now looking at, reassessing if they need $10 billion, there's a white knight out there
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and i think we all know who is probably could be, warren buffett, why not walk in there, get, like he's done so many times before, warren to back up boeing. if you are looking for an elephant, not saying this is on his radar but probably should be. stuart: that's pure speculation. >> absolute speculation. for me, it's enough to take a swing at boeing. stuart: wait, wait. i'm an investor. i'm not going to trade this thing. i'm in it for the long term. i think it can be 370, 380 if i stick around for a couple years. >> it won't take a few years. it will probably be back up there by the end of this year. ashley: there you go. stuart: our producer says please stick around for a couple years. there's a vote of confidence. tesla. they have -- let's see -- is that -- susan: wow! stuart: that's an all-time high. they are valued at $100 billion. susan: yes, they are. i think they are close to 103, $103 billion. that means a big payout for elon musk because they had this
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compensation package where if tesla gets above $100 billion in market cap, he gets a payout of $350 million which is a record compensation for any ceo. but it has to keep there for six years at least on a trailing average. it's worth more right now nan ford and gm combined. stuart: but just because it hits -- actually it's $102.5 -- susan: come on. i'm rounding up. you round down a lot. stuart: if it hits that level, he doesn't get the payout immediately. susan: has to stay there for six months. 554 is the line he had to cross. stuart: it's up $21. nice market picture, up 92 for the dow. not bad, i would say. what else we got? 29,290 on the dow. i've got the ten-year treasury yield at, let's see, it will co come, any day now that thing will come. 1.77%.
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ashley: 1.77. stuart: price of gold, still hovering around the 1550 mark. yeah, $1556. how about the price of oil? still hovering around $58, $59. we will take u.s. treasury yield -- that's wrong. totally wrong. all right. johnson & johnson down a buck. they had to put aside a quarter billion dollars as a legal reserve because of the lawsuits they are facing. that's hurt the stock. j & j down $1.43. general motors unveils its first driverless car. i guess we are looking at it. not quite sure i'm seeing -- susan: you are looking at it. stuart: okay. susan: toaster-shaped robot taxi. that's what you are looking at. this will be driverless in the future. i'm not sure about the seat arrangement because you are actually facing each other. if you have had a family fight, what do you do in that situation on long road trips? but the point is, there's no
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steering wheel and it will be seating for six. doors open like an elevator. however, it's illegal right now not to have a steering wheel in a car. this might be a concept for awhile. they are still working on technical safety issues associated with the driverless technology. this cruise division of gm is worth around $7 billion. it's not helping the share price. stuart: no. susan: in terms of comparison to tesla. stuart: afraid it's time to wrap it up. shah, the repetition of that 20% gain for the dow was pretty good. you, young man, the same story. pretty good stuff. we appreciate you being with us. 9:40 eastern time. check the big board. if you hold on a second, we will be up 100 points. there you go. thanks very much. up 101, to be precise. 29,300 almost. bernie sanders speaking out after hillary clinton claimed that nobody likes him. watch this. >> on a good day, my wife likes me. let's clear the air on that one.
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stuart: good response. he took care of that. well done, bernie. now hillary is walking back her attack on the senator. we will tell you all about that walk-back. impeachment circus, that's what i call it, it's taken over washington. president trump is busy on the campaign trail. he heads to new jersey next week. i will ask his 2020 campaign manager brad parscale whether impeachment will help him or hurt him. can you believe this. a new report suggests that the american dream is much easier to achieve in canada. charles payne joins me in the 11:00 hour to debate precisely that. we will be back.
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listening and observing are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people.
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stuart: it's pretty straightforward. the dow opened with a 100-point
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gain. now let's have a look at fairway. they say they are open for business, that they are not going bankrupt. they are going to announce a plan soon about how they are going to make more money. fairway, not finished yet. ashley: interesting. stuart: president trump sat down with maria bartiromo before he left davos. i'm going to give you a quick preview of exactly what he had to say. roll tape. >> the european union is tougher to deal with than anybody. they've taken advantage of our country for many, many years. we've made some great trade deals, the china deal is amazing and we'll be starting phase two very soon. crazy bernie, i don't know, maybe he's really surging, he really is. elizabeth warren seems to be going in the other way and joe biden doesn't seem to be doing too well from the standpoint he can't -- it will be very interesting to see whether or not he makes it. stuart: yes, indeed. the president's on his way home now but maria is still right there in davos. she joins us now.
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maria, my impression, the big picture here is president trump and the success of the american economy really overwhelmed the high and mighty of davos and their climate change and income inequality stuff. how do you see it? maria: well, you know what, it's hard to argue. you've got unemployment at a 50-year low, you've got a consumer that is solid as a rock, you've got clearly amazing sentiment in america and america's economy being the jewel of the world. so it really is hard to argue that the policies have not worked. you could fight back and say tariffs are not good and tariffs are a tax but at the end of the day, growth has moved. he moved the needle on economic growth and that's what people are looking at and yeah, i think investment in the united states has been creeping up and then soaring under president trump so that, too, is something that people here are talking about, the fact that where do you want to allocate money today? you want to allocate money in stability and growth and that's america. stuart: yeah. i'm going to roll a sound bite from the president talking about tax cuts. roll it, please.
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>> i'm going to make a tax cut and we're going to probably make the other permanent. it's got a long way to go, in all fairness, but we're going to make that permanent for the middle class so we'll be doing that. we'll be announcing it over the next 90 days. that's to me very important. stuart: maria, i think the president is dangling tax cuts in front of the electorate and saying basically vote for me and you get some nice stimulus going. i think that's where he's coming from. maria: yeah. yeah, he is. he's also saying make sure to vote republican in the house, because we need the house in order to get this done. he's making a point that look, look at this pushback that i have gotten this last three years. that's because we don't have the majority and when you've got, you know, the democrats in the majority of the house, they can stop him. so when he says yeah, i'm going to lower taxes for the middle class, he also adds we have to get the house as well as the senate in order to get that done. in terms of that tax cut, he's talking about potentially cutting taxes on those people making between $30,000 and $100,000 a year from 24%, 25%
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down to 15%. that sure would be a shot in the arm. stuart: it sure would be. you sat down with the major league baseball commissioner rob manfred and asked him about sign stealing. i will show the audience what he had to say and get your comment in a moment. roll that tape, please. >> four really accomplished baseball people, beltran, cora, luna and a.j.hinch lost their jobs over there. nobody likes to see that happen but i think it's the kind of message that will serve as a deterrent to this behavior going forward. stuart: what about the players? did he mention them? maria: well, you know what, he said the investigation is ongoing. when i pushed him there and said don't you need more in order to make this statement and make sure people understand this will not be tolerated, he said look, the investigation is still ongoing, we are going to look at this, we will continue and the implications are coming. so i don't think this is over just yet. stuart: okay. maria, thanks very much for
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being with us. get on a plane and come back home. we will see you in new york real soon, i hope. okay? maria: you got it. thank you, stu. stuart: thank you, maria. all right. breaking news update for you. the plot thickens on the bezos hack story. what now? ashley: well, u.n. has been speaking out on this now and they believe that israeli spyware may have been used to hack jeff bezos's phone. it's interesting, they say -- the u.n. saying it's gravely concerned by the information it has received about this case, calling it a contravention of fundamental international human rights. it's also calling for an immediate investigation by the u.s. stuart: wait a second. wait a second. this is an iphone, right? ashley: yes. stuart: only the israelis can crack the iphone. ashley: encrypted video file. once you open it, it gets into the phone. bezos says my personal information was taken. susan: i would
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type of iphone. ashley: this was 2018. susan: the newer iphones they say are unhackable. the one that unlocked the san bernardino case, iphone 7, iphone 6. these new iphones, they have been updated so much, especially with the ios systems, that they say security breaches are very hard. also, this was transferred via whatsapp. isn't that encrypted end-to-end from facebook? how is this possible? stuart: only the israelis have a history of actually getting inside -- ashley: they do. obviously there are experts out here who know more and certainly the u.n. is on it, imploring the u.s. and others to investigate. all started with a report in the guardian newspaper in the uk. stuart: interesting, the united nations raising the question. the u.n. is hateful towards israel on any and all occasions and would be eager to come up with this kind of story. that's where i'm coming from. right or wrong. check the dow 30. look at this, we are up 120 points right now.
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most of the dow 30, i would say about 24 of them, are green. they're up. new video, the authorities in mexico deporting immigrants via plane. is it a sign that president trump's immigration policies are working? andy biggs from the border state of arizona will join us shortly. i will ask him that. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.
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stuart: rebound from yesterday, dow industrials now up 100 points. 29,300. look at the big banks. senator warren has sent a letter to them demanding details on the steps that they will take to adapt to climate change. all the big banks are up. immigration. mexico begins flying and busing migrants back to honduras. andy biggs is with us, republican congressman from the border state of arizona. it looks to me like president trump has pushed the mexican authorities to doing something about these immigrants on their southern border. i call that a win for president trump. >> yeah, it's a big win. it's a big win for the u.s. and president trump, his diplomacy with the mexican president has been -- has been paying off. they've had stationed at both borders now for quite some time, stuart, the national guard for
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mexico and what you saw yesterday and the last couple days, actually, in honduras, caravans forming up, they were coming up and the mexican government, they actually took action. they stopped them at the border, many of them. others they put in detention camps. they are trying to -- and doing, as you say, deporting them back to their home state and some facilities in honduras by agreements that president trump and his team negotiated with both mexico, honduras, nicaragua and el salvador. stuart: i have not seen recent numbers but i do know that for much of last year, the number of arrests of illegals coming across our southern border was falling and falling and falling. is it still falling? i is it now a negligible trickle? >> it's not a negligible trickle. almost a year ago at this time, there were about 150,000 apprehensions in a month. last month it was 40,000. which is an amazing reduction, but don't forget that prior to
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the surge about a year, year and a half ago, we were apprehending about 12,000 a month. so we are still at a crisis level, but it is far more manageable with the policies the president has put in place and with mexico's help and the northern triangle states, this is going to be great. but here's the key thing. in just this fiscal year alone, we have apprehended people from more than 80 different nations and you see a lot of people coming now from venezuela, cuba, those numbers are up and where we had honduran, nicaragua and el salvador up, these are dre decreasing because of the policies but we are seeing people from africa coming in in large numbers. stuart: thanks for coming in. it's a very important subject and we wanted to get into it with you. thank you, sir. couple hours from now, fox business hosts a live studio audience show, 2:00 p.m. eastern time, to be precise. i will join charles payne, liz claman, dagen mcdowell.
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check out this clip from our last socialism versus capitalism town hall in maine. roll it. >> don't know why you're laughing, sunshine, but i'm telling you, when i was in england in the 1970s, the coal industry, steel industry, rail industry, gas industry, road transportation, what else have we got here? oh, electricity, health care, all of that and the airlines, owned and run by the government. and they ran it into the ground. that was english socialism. it failed miserably. >> i am a refugee from english socialism, i will have you remember. that's why i was ranting there. catch it later at 2:00 this afternoon. more of the same. president trump is on his way back to america. later this month he holds a rally in new jersey. that's a state that's voted democrat for decades, it seems. does he have a hope of turning a deep blue state a tiny bit red? tough question but i will ask it to campaign manager brad parscale and also speak with texas governor greg abbott. how about that. is he worried about all those tax exodus people turning texas
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stuart: in about just a couple seconds we'll get some very important information on the housing market. it is the latest numbers on existing home sales. this is the number that indicates for realtors how good things are, how many existing homes are selling, how many are on the market. what is the inventory position. ashley: we're still waiting. 5.54 million. stuart: okay. so that's a modest -- ashley: no, it is better, much better than they were hoping for. we had a slump in november. we were down almost 2%. this is up 3.6% month to month. susan: wow. ashley: 10.8% year-over-year. this is strong number. stuart: oh, that is a strong number. if you're up 10.8% year-over-year that implies the housing market is coming back
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very nicely, thank you very much indeed. realtors, stand up and cheer. you have good news there. look at this, the big board is responding not directly to the housing numbers, they have only been released but we're still up 101 points there. 1/3 of 1% for the dow. this is an up day on wall street. now this. "the new york times" says, bernie sanders is too old so they would not endorse him. that's bad news for bernie because "the times" calls the tune for the democrats. hillary clinton said this about bernie. nobody likes him. nobody wants to work with him. he got nothing done. there's a slam. it opened up a split that hurt the democrats four years ago. probably didn't do hillary much good either. the fight after the last debate still reverberates. warren and bernie went at it about lying and sexism. bernie had to apologize to biden after a surrogate suggested joe had a big corruption problem.
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all right, you can dismiss all of this as typical campaign backbiting if you like, but when it comes to policy, policy, bernie has a much bigger problem. that is, his home state miserable, and failed attempt at government-run health care this is not widely known but vermont spent 3 1/2 years trying to get government-care to work. they gave up. they couldn't figure out how to pay for it. here is bernie putting "medicare for all" at the center of his campaign when he couldn't make it work in his open state. he was asked about this in a radio interview this week. he just brushed it off. if vermont had a better governor at the time it might have been different. that is what he said. then he changed the subject. his interview pressed the question. he deflected. vermont is a small state. it takes tough leadership to move forward. bernie sanders has a fundamental problem here. you can't impose a revolution
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for health care for the whole country, you couldn't put it off, pull it off in a home state. when the cost of senator warren's plan was revealed, her support took a hate. when failure of government care in vermont is revealed, bernie will take a hit too. hillary was right. he has got nothing done. >> crazy bernie, maybe he is really surging, he really is. elizabeth warren seems to be go in the other way and joe biden doesn't seem to be doing too well, from the standpoint he can't, it will be interesting to see whether or not he makes it. stuart: joe biden, i think he called him crazy bernie right there, i think he did. that was the president speaking with maria early this morning. come on in tammy bruce, fox news contributor. let's get back to bernie sanders directly. i think the man has an enormous problem here. he is trying to foist on all of us what he couldn't pull off in his home state. >> what you have done here is
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something no one else has done. we get caught up in the day-to-day personal stuff, soap opera of it all, kardashian notion of fights between individuals, you brought up policy which matters to people. it matters to people of the vermont, matters to people in the united states. socialists don't want you to talk about the details. want broader ideas what we want to do, sure we can without giving you specifics because when you hear specifics or historically look what socialists have done, bernie sanders, honeymooning in the soviet union, it didn't work out really well. we talk about it, we know the ideas don't work, not here, historically they destroy countries, they destroy people's lives, that is the conversation here in america we got to have. this program does it, you do it as well. bernie is somebody old enough to know, this really upset me, he knows, all these adults know that these policies don't work. that these ideas have destroyed countries.
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he can't go to the soviet union anymore because it doesn't exist and russians are happy about that. we deserve better. we deserve people who should be honest. adults who are politicians willing to admit what has failed. stuart: look, let's go back to what hillary had to say about, he has got nothing done, nobody likes him, not very nice guy. >> uh-huh. stuart: before we get into that, here is bernie's response, he hit back at hillary. it is brief but what this. >> on a good day my wife likes me. let's clear the air on that one. stuart: brushed that one -- >> on social media there is hashtag nobody for bernie. she managed to alienate the entire american population. half ever us are deplore deplorables and the other half are nobodies. bernie sanders, especially he saved her, she was cheating with the dnc in 2016, against him,
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remember in that debate i said, i, let's not talk anymore about those emails, when the server and e-mails remained an issue, he swooped in and saved her. he campaigned for her. his supporters then, many of them went to support her. look, it is not, this is blood sport, politics is, really there is no loyalty. she doesn't defend anyone. she doesn't stand for anyone except herself. she is the kind of person, as a woman, as feminist, that we see as being a person i do, of who not to become. so she still serve as good purpose but about what and who to not follow. stuart: there is absolutely no way she could run again. >> she says she wants to be president. she just doesn't want to run. you know how you do that? you have a brokered convention. once again steal it from everyone who played by the rules. i said this on your show now for weeks before everyone else saying it might be possible. she imagines being appointed. i think what they're looking at
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now, i don't think the democratic base will appreciate that. they will be going out to vote. what do we have, two weeks before the iowa caucus? everybody else, paying their dues, spending money, campaigning. certain people in the establishment for the democrats think they will swoop in, like want to eliminate the vote, value what we did in 16. want to eliminate the vote of the democratic base in this primary season. how dare they. don't name me greta at this point. no matter what your party is, these are people who are still frantic to eliminate the power of the american individual and i think, democrats should show them they won't allow it. stuart: one of these days you tell me how you really feel. you will have the whole show. tammy bruce, you're all right. >> thank you. stuart: now this. "barron's" magazine says that the dow jones industrial average will go to 30,000, it won't stop there. round of applause for jack
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hough. i think you're the man who wrote that. >> i was involved in that and we talked about it on tv the cover story is written by a collection of people. we had a chart on the cover, some guy on the internet added a rocket ship with donald trump sitting in the back and wall street bull sitting in front. he said i fixed cover of "barron's." some might agree with that. stuart: you're on solid ground we get to go 30,000 soon? >> we still have the backdrop of low interest rates. valuations do not look crazy to me. last year we had rip-roaring stock gains and no earnings growth. we can't do that for another year. all signs see improving earnings growth coming in. i think next year, mid single-digit, mid to high single-digit earnings growth. stuart: you say 2021. >> 2020. stuart: 2020. >> we're in the fourth quarter reporting season now. as we move forward to the 2020 numbers i think we'll see decent growth. i think stocks beat everything else in town.
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stuart: thanks for coming back on the show, jack, you're part of a long line of bulls on this program. >> everyone keeps asking a about a melt-up. i will let you know what it begins to look like a melt-up. that is not what i see now. stuart: jack, see you soon. >> thank you. stuart: one of the most commonly used painkillers on market, may be deemed a carcinogen at least in the state of california. no surprises there. details are on your screen. the first case of deadly coronavirus has been reported in america. the mysterious virus killed 17 people now. death toll from china. affected i think over 400. susan: gone up to 500. stuart: 500 in china. how about that. we'll bring you up to speed on this virus momentarily. president trump held a news conference in davos earlier. he had good stuff to say but you wouldn't know it if you watched cnn or msnbc because they didn't
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broadcast it. we did. we'll bring you some of it in just a moment. one of the products i helped develop at 3m was a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people.
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>> jerrold nadler, i have known him a long time. he is a sleeze bag, everybody knows that. >> would you show up at trial any -day. >> wouldn't that be great? >> why don't you go. >> sit it the front row and stare at their corrupt faces. i would love to do it. >> why don't you do it? >> don't keep talking. you may convince me to do it. stuart: that was small part what the president had to say today, in davos. he had a press conference. the majority of the press conference was about how good america's economy was. you saw it here but viewers of cnn and msnbc did not see it. they totally ignored the good news about the economy. joe concha joins us, a media
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reporter with the hill. a friend of mine on the program. welcome back. >> the houdini of hoboken. how are you? stuart: i'm all right. that is unforgivable. two so-called news networks ignore the president of the united states at a confab in europe and ignore it? >> it is contradictory, right? in 2015 and 2016, every trump speech, rally, carried by cnn, nbc. great for ratings. they never thought he would win. stuart: exactly. >> why not hear from the man himself. instead the networks want to put on experts and pundits to spin about trump, talk about him, instead of hearing what he had to say particularly an important conference like davos. stuart: extraordinary thing to happen. wait a second. it gets worse. the media focuses only, i mean only, exclusively on impeachment. hold on a second joe.
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watch this folk. >> donald trump on trial, for only third time in history an american president impeached, charged with abuse of power and obstruction of congress. >> this thing is a big hoax. it's a big hoax. >> he will remain a threat to national security and the constitution if allowed to remain in office. >> today the impeachment trial of donald trump. stuart: the impeachment trial of donald trump. that was just msnbc. missed out on most of cnn. >> looks like reality show promo. i wonder what they're rooting for in this situation? even cnn, they hired john harwood from cnbc. we remember john, wikileaks dumps. he is asked john podesta what should i ask jeb bush in interview. then in a debate cnbc hosts, asks donald trump first question, front runner, is this a comic book campaign you're running? he is come back correspond denned. after you will that is revealed,
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cnn hires that guy if come on. stuart: you heard congresswoman maxine waters, talking about endless impeachment. >> right. stuart: i think that will be very bad news for cnn and msnbc because if we're forced to watch that endlessly that's right ratings would tank,. >> did you watch "jeopardy" last week when adam schiff was one of the answers. they put up his face. i yelled charles growed inch. i was wrong. no one bothered to answer that was adam schiff. that shows you what a bubble story. adam schiff is star in cable news, but to the american people not to much. pert pet all impeachment for democrats. president's numbers have fon up since start of impeachment while pelosi's has gone down. he is a few for results. if you look at scoreboards. i don't care about the rhetoric. since impeachment started, usmca, u.s. china trade deal, economy tins to roar, paid
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family leave for federal workers, soleimani killed, that is just since impeachment. what have democrats done since they took back the house, stuart? can you name anything? that is what they have to run on in 2020. that is why it is in big trouble, when maxine waters, makes it look like the only job is impeachment. american voters don't like that because they have tuned out. stuart: you and i have been around following media. >> you a little longer. stuart: that is true, actually. several decades. have you ever seen anything like this before because i haven't? >> no, of course not. these networks, particularly cnn, msnbc, stuart they're serving up comfort food to people in safe spaces. instead of telling what they should hear, they're telling what they want to hear. stuart: that is propaganda and it is dangerous. joe, see you soon. check the big board. we'll not ignore your money. we're bouncing back nicely, up 86 point for the dow industrials. take a look at ibm. we're inclined to call them old tech but old tech is doing well
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today. rosy forecast. they're up five bucks at 144. boeing, they took the whole market down yesterday. they're not likely to get the max jet back until mid-year. that news broke. the whole market went down. boeing went to 305. this morning it is at 310. no recovery at this point for boeing. get an update on the death toll from the coronavirus. susan what do we have? susan: it has risen. china says it is now 17 from the wuhan coronavirus. they confirmed a second case in the city. mexico says there might be a suspected case in northern mexico. you see this virus, this disease continues to spread across borders. already confirmed in japan, south korea, thailand, taiwan as well and one here in the u.s. stuart: the president said this morning it is under control because we are taking measures at airports. susan: we have airport screenings which will be added to atlanta, chicago, on top of
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lax, san francisco and jfk. here is map off the cases. i heard from the cdc on the call yesterday. they are encouraging precaution and concern, but it is not panic. it is not what you heard during the ebola virus or sars epidemic back in 2002. they're funneling all flight from wuhan in china through five airports with extended screening of passengers coming through, to make sure they don't have symptoms of coronavirus. stuart: this news has not affected your money like yesterday. we're still up 100 points. thank you, susan. jeff bezos' personal phone was hacked. the u.n. suggests that israeli spyware may have been used to carry out the hack. that is a federal crime. the judge is coming up next. ♪.
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stuart: folks, the rally rolls on. the dow is now at 29,300. earlier we had a new high for the nasdaq i think. we had a new high for the s&p. it's a rally. amazon's jeff bezos phone reportedly hacked. the u.n. report suggests that israeli spyware may have been used to carry out that hack. judge andrew napolitano is back and is with me right now. >> here's the theory of this u.n. report. "the washington post," which is personally owned by jeff bezos. it is not owned by amazon, owned by him. has been pounding away, arguing that the crown prince of saudi arabia is personally responsible for the slaughter of
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their former reporter jamal khashoggi. in return in order to get him back, in order to get jeff bezos to talk to, call back "the washington post," the crown prince emailed something to jeff bezos which he opened and when he opened it, it allowed somebody using the crown prince's phone and israeli spyware, not me, this is the u.n. reporting this, to access all of the photographs in jeff bezos's phone among which were intimate selfies with his then mistress. stuart: oh, okay. >> that is the argument. the u.n. report says they have come to this conclusion with near certainty. that's their word. the question is, where does it go from here? what is the u.n. going to do to the crown prince of saudi arabia? what is jeff bezos do to him except keep pounding away on the editorial pages? stuart: this is the message to me. privacy is absolutely gone.
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>> we talked about this for full 10 years you've had the show. let me say this, there is no outrage anymore. there is no outrage. this is 58 mitigation the head after state has personally hacked the phone of the richest man in the world, because of a petty personal grievance and there is no outrage ever. stuart: i'm dead right, that the most private communication in america is the letter, handwritten letter. >> people do hand-written letters anymore? stuart: me. i write them all the time. >> you're assuming the feds are opening the mail. stuart: thanks, judge for being back. thank you. netflix has released viewer numbers for some of its most popular shows. i like this. 73 million households watch "the crown." that is the not most popular show. we'll tell you what is in just a moment.
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robinwithout the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. ♪. stuart: dr. roberts. stuart: i know this one. it is a good one. sultan in arizona, i hope you're listening. we missed the beatles yesterday. we're back today. i'm waiting for the beatles quiz on friday, sultan. next case, 73 million households watch netflix's "the crown." that is not the most popular show on netflix. so what is? >> "the witcher" starring hen very calfville.
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we had a conversation about him. stuart: you think he is hot. susan: i think that is universally accepted. 73 million households watched the fant at this drama. you heard from reed hastings, this is the most successful first season tv series on net exin. we had stranger things, second most popular. 64 million member accounts watching it. netflix will change the way they count views in the future. stuart: how are they doing that? >> they changed it actually, started this year. they used to count you had to watch 70% of the actual movie or tv show to count it as a view. google is counting, alphabet is counting two minutes, that is what we'll do as well. they will increase viewership numbers by 35% according to netflix. from 70%, down to two minutes. that is a big change a big difference. stuart: thank you, susan. yeah, they changed the way they count stuff. i got that. netflix stock at $330 a share,
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down seven bucks. by the way we had the netflix analyst on the show earlier who said, it will go down to 275. susan: depends on the subscriber numbers, right? they missed i think in the previous quarter. for cast for first quarter here in the u.s., at least, but it is more of a international story because they have so much competition from disney tv plus. stuart: get to the "megxit" story. prince harry said he will not allow netflix to feature his family on "the crown." how will he do that? ashley: he can't. i will make sure they stop it before they get to me. we had a response from the show's creator, peter morgan, guess what? the show would end long before it reaches present day. it will not happen anyway. the netflix says they would be open to getting some sort of deal going with harry and meghan for the stream service, some sort of project.
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harry says no to the crown. "the crown" says we're not interested any way. susan: they are introducing character of princess diana. it is interesting. stuart: i enjoy watching that series. i have a connection. we have a connection. ashley: yes we do. stuart, you'll like this. we're up 112 points. 29,308. president trump spoke with maria earlier in davos this morning. listen to what the president had to say about the china trade deal. roll tape. >> we made some great trade deals. the china deal is amazing and we'll be starting phase two very soon of the -- as you know i largely left 25% tariffs on because it is good to negotiate phase two and they want to start phase two right away and so do i so we'll start phase two right away. stuart: phase two starts right away he says.
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christian whiton, state department fish, what are your sources telling but the enforcement of the trade deal with china? that is a pretty important element. >> it is. at one white house official put it at least to me, we the united states, are the judge, jury and executioner when it comes to enforcing dispute in this deal. in other words if a dispute arises and they surely will, there is a 90-day period where the u.s. trade representative can try to work it out with china but if there is not a resolution in that place, we can impose a penalty and china has no recourse to at that. if they try to go to the wto, if they try to get out of it, they can be thrown out of the deal. raises the question what is the threshold to throw them out of the deal, impose tariffs, make it look like the apple court is being upset? you have to hand it to bob lighthizer who negotiated this. i don't think it is a huge turning point or massive change everyone is making it out to be but it is a good college try.
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stuart: look, it is the first time any president, any trade next negotiation with china has become close or dispute, what is the word, settlement option. we never have come close to this before. this is a unique trade deal. >> right. as the president also pointed out we left tariffs on more than half of chinese imports. 25% on half. then, 7.5% on another another $140 billion worth of imports. that is the leverage president trump has to initiate phase two. china does not want phase two unless we concede everything. that will be an interesting question. stuart: it will. president trump seems to me has won a fight with france, because france has backed away from that digital tax. we backed away from putting tariffs on wine and cheese from france. i got that. seems to me that's a trump win. what do you say? >> yeah, france surrendered at
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least for the time-being. this would have been a tax, not just on income, on revenue. your business could be losing money, you're still paying tax to the french government. it was tailored to specifically affect only large u.s. tech companies like google, digital ads. basically it was a tariff itself. just applied to u.s. tech companies but not u.s. overall. really an offensive move by france which free loads off of us on defense and so far looks like macron has blinked. stuart: i have to say this, looks like president trump has real clout on the international scene. he has got the power right there. >> it was so beautiful at davos. they would make climate change one of the big points of this confab. he lectured them on the importance of energy too, basically presented himself as a salesman for u.s. energy products. it was really quite wonderful to watch. stuart: yes it was. we enjoyed it all the way through. christian, thank you. >> thank you, stu. stuart: couple stocks, look at them. start with tesla. on a tear, again.
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576 on tesla. it is now worth $100 billion, if it stays there at that level, elon musk gets his, three months that is, elon musk gets a 300 million-dollar bonus. susan: at least. stuart: not bad. could be 380 actually. how about general motors? still stuck in the mid 30s. 35 and change. their cruise division revealed a driverless call. the law is you have to have a steering wheel on the roads of america. that is a concept car coming down the pike a long way from now. remind everybody, i will join charles payne, liz claman, dagen mcdowell, for a fox business live studio audience show today. starts 2:00 p.m. eastern. charles will be here in the next hour with a preview what we will do. lot's of questions for the trump 2020 campaign. why is mr. trump going to deep
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blue new jersey next week? secondly, will impeachment hurt or help the president? answers for all those questions from trump 2020 campaign manager, brad parscale next hour. ♪.
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stuart: dare i say, the rally rolls on? look at that, left-hand side of the screen. dow is up 115. nasdaq is up 2/3 of 1%. s&p up nearly half a percent. rally across the board. a lot of record highs too. how about amazon please? show me the stock? the music streaming service reached more than 55 million customers. that is globally. it is subscriptions rose more than 50% last year. the stock is just shy of $1900 a share. johnson & johnson is down a buck 90. they have to put a quarter
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billion of dollars on one side for legal troubles in the future. california cod list a common painkiller as a cars sin again. ash, on the screen they have got tylenol. ashley: they do. talking about acetaminophen, widely used and it is known outside of the u.s. you may be familiar with that in the u.k. tylenol, excedrin, robitussin, theraflu, popular and well-used products there is a law known as prop 65 in california they're trying to list this as potentially cancer-causing but the link between acetaminophen and cancer is pretty weak. in fact the international agency for cancer research has refused to list it as a possible carcinogen from 1990 through 1999. bottom line even the u.s., i will finish this, fda says, no.
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it would be false and misleading said this was potentially cancer-causing. stuart: okay. just walk into the future, just a couple weeks, maybe a couple months. ashley: all right. stuart: the lawyers will come on strong. ashley: oh, yes. stuart: find somebody says you didn't warn me. you warning me now, you didn't warn me then? i'm aprevioused. pay me. ashley: like the roundup story. susan: what about a those allergic to eye ibuprofen? i'm a need to take acetaminophen. stuart: what about a new iphone? why do they want a cheaper iphone? >> everyone is expecting it because they want to sell more iphones in developing countries like india, like china where they're losing to cheaper domestic players. so we're looking at this possible new introduction in spring of this year, that is what is expected according to bloomberg. they have sent out the
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production contract to some suppliers acrosstie juan. this will look like an iphone 8 of 2017. 4.7-inch screen. don't have biometrics, more touch i.d. that retailers around $400 or 499. could be akin to what they launched in 2016 as well. a cheaper se which costs 399. they tried this before with the 5-c in 2013 t didn't do so well. if you end up with lower price point in 2020, you're no longer a luxury brand. i guess things have changed. stuart: may i have a flip phone? susan: i thought you already use one. stuart: very funny. i knew you would get that there. good story. impeachment we will cover it. special guest with us, jeff shepard, former deputy counsel to richard nixon's watergate defense team. welcome to the program. >> thank you, stuart.
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stuart: compare the two cases, the case against nixon for impeachment and the case against donald trump. >> the case against nixon is entirely difference, there were real crimes. there was really a break-in. there was a coverup. the issue was nixon involved? with come, there is no crime from the start. so you're pushing the next in line, we don't like this guy who won the election. we'll come up with an answer to get him out of here but the answer they have gone to the senate with is ludicrous because there is no crime. stuart: they say there is a crime. if you pressure a foreign government to do this or that, so you help me against my political opponent, but that is not a crime? >> you can get well-pedigreed harvard professors to say that is a crime but i ace not a crime. alan dershowitz, another harvard professor will he will you that is exact thing. you have a very, very high hill to push the rock up. the president's people can say there is no crime, there is no
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crime. the accusers, house impeachment managers are having to explain in great detail. you don't understand. you don't understand the context. there is this phone call. you listen to the phone call. trump released the transcript of the phone call. there is no crime. i think that is what is defenders are going to say over and over and over again. if you're going to overturn an election, a serious, serious situation, you better have a real crime. they can quibble that the constitution doesn't specify that but the american public is not going to stand for it, to undo the sacred vote of an election over a presidential phone call? you have got to be kidding! stuart: why do you think they're doing this? i will answer my own question. i think they're doing it because he is donald trump, they hate donald trump, they want him out no matter what, and want to slime him to boot. >> they can't beat him from the polls. from the moment he was elected there were a dozen different
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reasons to get rid of him. this is just the latest. the american public says what will come next? this isn't very strong. you don't have any grand jury testimony. you don't have any documentary evidence. you don't have anything. stuart: i just want to, point of history. you were on the nixon defense team back in 1972-73. >> absolutely. as a very young man. stuart: i will believe that. you look good by the way. >> thank you. stuart: on the other side of the fence was hillary rodham. she was working on the offense against richard nixon. >> yes, she was. she was a staffer on the house judiciary committee. our paths didn't cross because i was at one of the inside groups plotting strategy and work from inside the white house. i wasn't part of the trial team. she played a very prominent role. she was, in essence a messenger from her favorite professor at yale, burt marshall, who was john duhr, the head lawyer for
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the house judiciary. john duhr worked for burke at the kennedy department of justice. he was deputy assistant attorney general. burke was assistant. hillary were taking messages how to do stuff. there were no cell phones. the other guy around is john dean. john dean is kind of this voice out of the past. it is odd that the house managers, particularly nancy pelosi is seemingly relying on john dean's advice. there was an article the other day where her staff said she got the idea, postponing deliverying of the articles from something john dean said on tv. john dean is a disbarred lawyer. he is convicted felon. he was sentenced one to four years in prison for his leadership role in the watergate coverup. you wonder when these other stations have john dean on, as their expert. he has been disbarred for 45 years. stuart: we do wonder. >> yes you do. stuart: historical analysis from jeff shepard, congratulations.
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that was good stuff. >> thank you. stuart: if you're not careful you will be back, you realize that? >> there is a lot to say. thank you, my friend. good to see you. stuart: democrats, impeachment, circus continues. wyoming senator john barrasso, he was on the senate floor until nearly 2:00 a.m. this morning. he will tell us what it was really like in our next hour. we'll be back. ♪. ♪
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what will you change? make the world you want. stuart: okay, we pulled back a little. not much. we're up nearly 100 points. nearly 29,300. netflix, well they reported an increase in subscribers overseas, but not an increase in subscribers within america. mark douglas, steel house, ceo, he knows all about netflix. he is our guest this morning. mark, i got to tell you, we had an analyst on the show. he specializes in netflix. came on the show about an hour ago. he said netflix is heading down to maybe 275 a share. what's your response to that? >> i think netflix is still an incredible growth engine. i think they're, the expectations on the company, they're adding 8.8 million subscribers a quarter. that is a billion dollars in
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annual revenue per quarter. quarter after quarter. i don't see how that drops the stock price down. it keeps the company growing. keeps the stock going up. stuart: i was told this morning netflix originates this year, 2020, 130 different tv shows or series all for netflix just this year. that is astoundingly large number, mark. >> yeah, absolutely. you know what is interesting also? because they add so many international subscribers there are laws in the eu a certain percentage of the content has to be produced in native languages in europe. so they're not openly adding this huge library of english speaking content, they are adding library of national content. that is another advantage they have over their competitors. stuart: you expect to see them keep growing subscribers, number of, keep on growing. what about the competition? they're coming on strong these days, won't netflix he will feel
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a little bit of a pinch on that? >> disney plus is doing pretty well. the numbers i'm hearing are incredible with how many subscribers they likely added since the launch. net flings, they have not, the number one spot, you have to have netflix, just doesn't shake. the reason netflix is not adding a lot of u.s. subscribers because everyone already has it. so that is just not shaking. people are not canceling their subscriptions. that makes them number one in the space. stuart: tell me what you told me many times in the past, for the benefit of our audience who may not have seen this, netflix can tailor material to individuals around the world? they know your profile and can push stuff your way. is that something other streamers can't do? >> yes. so the thing to remember, netflix is based in silicon valley. they're a tech company first. disney is based in hollywood. netflix has the tech company,
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one of the things tech companies are good at is mining data. netflix takes data on what you are watching, use it to predict what they watch next. that influence what is they finance, in terms of those 130 shows and all the other content that they're licensing. it just create this is incredible library of content for all of their consumers and why people don't churn. stuart: so you are a netflix bull? you believe that netflix wins or at least comes out on top in some ways, the streaming wars, right? >> well, i think they're multiple winners. i think netflix is definitely winning. disney, and disney plus are definitely winner. apple is a definite loser. they're going nowhere right now. so netflix, if you want to invest in steeling, you have to have netflix in your portfolio. stuart: i will report that. apple is definite loser right now. mark douglas, saying that about
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apple is dangerous. >> i'm keeping my iphone in my pocket but not watching apple plus. stuart: mark douglas, always a pleasure. thank you for being with us, man. >> thank you. stuart: check the big board. we're up 83 points now. 29,279. it is a rally, it is not terribly strong. it is up. we'll take it. got it? all right, president trump flexing america's economic muscle on the world stage. as he is doing that, the democrats and media always go back to impeachment at home. what a contrast. my take on that coming up. can the president use impeachment push for his political advantage? his 2020 campaign manager is here as the third hour of "varney & company" rolls on. we call this is the power hour. how about that? ♪.
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stuart: president trump strides across the world stage, clearly stating american power and success. he's in europe this morning, actually just left, he's on his way home. america's unprecedented economic success, he says, is the talk of the town over there. the world is watching him. the world is watching america. meanwhile, back home in our nation's capital an ugly display of back-biting politics as the left tries to take down and slime the president of the united states. it was day one of impeachment yesterday, day twod today. again, you have to say what a contrast. the positive story? success, power, prosperity. versus the negative story, a purely political attempt to overturn a presidential election. the contrast has never been more stark. how do you think this looks around the world?
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oh, surprise-surprise, the media over there has focused much more on america's economic resurgence. and why not? our success helps them bigtime. trump's economics bails them out of the doldrumses. they're focusing on the positives. and by the way, they are fascinated by our president. they've never seen anything like him before. they're actually warming to him. and how do you think it looks to voters here in america? day one in impeachment was boring except for the occasional outburst from the coastal elites, jerrold nadler and adam schiff. and it's going to go on for weeks. i see no great clamor to throw him out. i see the opposite, get this done quickly and top dragging our country through the dirt. let me be clear, this program will accentuate the positive. that is, our unprecedented economic success or and -- and the unprecedented enrichment of our country.
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here we celebrate success. and the third hour of "varney & company" will continue. ♪ ♪ >> we've made some great trade deals. the china deal is amazing, and we'll be starting phase two very soon. as you know, i left the tariffs, largely -- 25% tariffs on because it's good to negotiate for phase two, and they want to start phase two right away and so do i. usmca, great. we made the $40 billion deal with japan also. we said we don't do the tariffs, but we'll do 40, and japan is a tremendous buyer now. stuart: that was the president earlier this morning when he was in davos for the economic forum. i think it was an economic tour de force, that's my way of explaining it. moody's chief economist john loan sky is with me. an economic tour de force.
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excuse the french, but what do you say? >> i think you're frequent. none of the other economies is growing faster than 1.5%. europe is 1.2, japan is struggling to reach 1%. so these tax cuts and deregulation have benefited the u.s. economy, and as you've mentioned, the world economy nor mousily. -- enormously. who knows where the world would be today without these policy actions. stuart: larry kudlow joined the president for the press conference this morning x he said, look, the way we're going we could see 3% growth for the american economy this calendar year, 2020. you skeptical? >> i'm skeptical. you know, the highest forecast we get from a survey of 50 or 60 economists is about 2.5% growth. but never say never. we had good news today on the housing front. existing home sales jumped by 4% from the previous month in december. better yet, they're up by nearly 11% from a year ago. recently, in early january, we're looking at year to year increases of 9% for mortgage
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applications from potential home buyers. mortgage re-fi applications up 98%. year-over-year, the last four weeks. these are good numbers, strong numbers. we may get an upside surprise from the u.s. consumer in 2020. stuart: whoa, all good stuff. now, when the president was in davos, he touted what he called the blue collar boom. for our viewers, let's watch this for a second. roll tape. >> this is a blue collar boom. since my election the net worth of the bottom half of wage earners has increased by +47%, three times faster than the increase for the top 1%. real median household income is at the highest level ever recorded. the american dream is back bigger, better and stronger than ever before. finish no one is benefiting more than america's middle class. >> you know, a couple of weeks
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ago "the wall street journal," there's an op-ed piece that said that the average wage of high school dropouts is up by 9 year-over-year. that compares to a nearly 3% year-over-year increase overall. he's right. yesterday i was speaking to a young woman who was headed out to davos to speak about some matters relating to demographics, i believe. this is telling me that trump has -- she was telling me that trump has a lot of very strong support from hispanicings in the united states. she said about 46% support that you don't pick up in other polls because people don't want to admit to this in public. so take it from there. i think you may be surprised at the support that trump gets in the upcoming 2020 election from people at the bottom rung of the income ladder. stuart: all right. hold on for a second, john. don't go away. i've got some other business for you in just a moment. take a look at the asian markets, please. where are you? there you are -- no, there you are. [laughter] ashley: hello. stuart: i'm getting whiplash
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here. the coronavirus hitting the asian markets as it spreads, i'm looking -- well, that was a bounceback, actually. the asian markets bounced back overnight. they took a hit the day before, bounced back. but let's -- what about this virus? where is it now? >> officials are doing what they can to contain the virus. this is how much it's spread, 544 cases in china alone where 17 people have died from the coronavirus. two cases in hong kong, one potential case in northern mexico, one right here in the u.s. in washington state. taiwan, japan and thailand also on the map. this is a flu-like virus, so you might not know you have it. you have a runny nose, fever, common symptoms of the cold. if you are flying from ground zero, the i wuhan province in china, to another airport, you will get rerouted, and you must go to five airports here in the u.s. that are screening passengers for this particular
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virus. stuart: okay. >> so we have stepped up our ability to detect it. but still the fear is, is that they might be letting people in who become sick after the fact. stuart: got it. the prime minister says, however, they have -- the prime minister says, however, they have things under control because of those five airports in america. there's talk that could be one of the black swan events. you can't forecast it, and it really hurts. >> i mean, that mortality rate is scary. what is it, 17 divided by 500 and something, that's not good at all. i'm going to go back, though, sars virus back in 2003, the market finished higher by 29% for the year to year, so it's very important that, you know, the u.s. government do whatever it is necessary to contain this virus. and one additional thing. this virus that you have, it's emanating from china. it reminds us that companies have to geographically diversify their supply chains. if they don't do that, they're
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making a big mistake. they shift all their -- they can't shift all their production to one country, one area. they have to spread it out. when it comes to looking at credit ratings, we look at a company, and if a company has all of their production facilities concentrated in one area, one country, that is looked upon unfavorably for this very reason. stuart: okay. hold on a second, john. i've got to turn and deal with netflix, first of all. that's very much a stock in the news today. they reported subscriber growth strong overseas, not great in the united states. they are down this morning, down $8 a share, 329. we've had conflicting opinions on netflix. mark douglas suggests it's one of the winners in streaming, and it's going up. we had another analyst on about two hours ago who said, huh-uh, this thing's going down to 275. so divided opinion. netflix down $8 now. ibm, they reported great numbers for the fourth quarter of 2019.
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big growth in their cloud business. rosy forecast too. the stock's up 3.5%. johnson & johnson, they're on the downside, down $1.38. they've had to put aside -- i think it's nearly a quarter billion dollars against litigation risk. finish now it's my time to say thank you, john lonski -- >> my pleasure. tooth tooth okay. now this, you know, we're all about the more than dream here. a new report from the elites at the world forum in davos says the american dream isn't achievable in america anymore. we have charles payne on that, mr. american dream himself, you might say. good story. day two of the senate's impeachment trial kicks off shortly. we have the man who was in the room until late, late, early this morning, two a.m., senator john barrasso. he'll lay out what's on the table for today. and president trump, he's on his way back home from davos as we speak. i say we've seen victory after victory from him on trade and the economy. so why is his approval rating
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stuck in the mid 40s? trump's 2020 campaign manager will join us on that subject. this is the third hour of "varney," we're going to call it the power hour again, and we're just warming up. ♪ ♪ oh, hi, samantha. you look more like a heather. do you ever get that? it's nice to finally meet you in person. you're pete nocchio? oh, the pic? that was actually a professional headshot. i'm sure that's it, yeah. i, uh, i think i've lost a few pounds recently too. i'm actually doing a juice cleanse. wait! you don't... (glass breaking) (gasp) ah! oh...! with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance.
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stuart: special guest from president trs re-election campaign, the man running that campaign is with us this morning, campaign manager brad parscale. welcome to the show. >> thanks for having me on again. stuart: i think we've got something to put up on the screen, and it is the president's approval ratings according to real clear politics. stuck at 43%? this is a stellar economic
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performance. we've got great deals on trade, we've knocked off a rotten terror overseas, and he's at 44 percent? how do you explain that? >> first of all, a few things. right track or wrong track on the economy, he's well above water. he's doing well. you remember, 2016 i think it was about 15% of the people did not approve of the president, still voted for him. higher than hillary clinton. and that happens. here's the thing is, the question is asked -- and i say this sometimes, my wife doesn't approve of me every day, but she would still vote for me, right? [laughter] so approval number is not a ballot. they're two things. when people vote, it's the decision on who's making their kids safer, who's giving them better health care, making their paychecks right. they're going to see what the president's done. and we don't have a competitor yet. once he sets a target, they're going to be well underwater much more than he will be, and they already are. there are reports like rasmussen
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and others that have him over 50% approval. swing states balance, you know, california. you think california and new york could throw it off, he's in a whole different world. stuart: right before the 2016 election the republican party and the trump campaign were doing internal polls. >> yep. stuart: very competent when everybody else was saying hillary's going to win. can you share with us what your internal polls are showing now? >> remember, his approvals right now are much higher than they were in 2016 on election day, by far. stuart: that's true. >> you can't just look at a single metric of how people approve or, you know, 300 people. we were taking in millions of different data pointings. we, from other pints of data -- kinds of data, we determined we were going to have a huge victory in ohio. most polls had us losing. i went out a week before the vote in 2016. cbs laughed, you know, laughed -- what is wrong with
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you? i was like, no, we're going to win by 305. and the truth was the people were, there are so many -- and i think your last guest was kind of saying this, there's so many people that aren't in the polling now, they don't pick up their phones. it's getting more and more difficult to figure out what 150 million people are going to do. and i think the president -- people are confident wearing their hats across, i see them at the airport, people walk on the plane and thank me, thank the prime minister. it's so much different -- the president. stuart: why are you going to do a rally in new jersey? i live in new jersey -- >> for you. stuart: thank you very much. i know the state well. hillary won it 5-41 back in -- 55-41. are you trying to turn the state red? >> well, it's actually something more significant than that, i think. you have van drew who went right into his district, we're going to emphasize what exactly is happening to these democrats. the radical policies, the things
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they're doing across the cup, and this is the perfect example of a person who recognized and a congressman that recognized how bad it had gotten on the left, the identity politics and flipped x. this leapts us put that on a national stage. also let's not forget part of the philly media market, so we get some swing state in there. but we get to show america why these policies cause so much damage. i bet there are millions of democrats across the country going, van drew's right, this has gone too far. stuart: the i want you to listen to what president trump had to say about mike bloomberg when he was in davos. this is the president on michael bloomberg. roll tape. >> he's wasting his money. he's not going to win because he can't. he's a terrible speaker. he can't speak properly, and he's not a charismatic guy. he's got money. he'll spend as much money as he can. stuart: i put it to you, sir, that you can do an awful lot of
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damage in american politics with a couple of billion dollars. >> yeah. well, you can't make a ford a ferrari with a tv commercial. so he's not going to be my candidate, and i'll tell you that. the president spent, they've already are spent almost as much money as the president spent the entire last campaign, they have only picked up a couple percentage points. i'll start worrying about bloomberg when he passes mayor pete or even pocahontas first, and he's got a long way to go. i think when the american people actually see him talk and hear him, he's not a viable national candidate, i don't think. the president will run circles around him. stuart: dismissive of a millionty billionaire. >> yeah, you know, money can't buy you everything. stuart: can't buy you love, that's for sure. brad parscale, thank you for being with us. >> always fun. rapid fire. stuart: yeah, it is. we don't slouch around here. [laughter] for sure. all right. let's move on. look at tech. they crossed the $100 billion valuation level earlier today, first time, and they've just
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gone rocketing higher. 583 on tesla right now. if they hold that for six months, $100 billion value, elon musk gets a $300 million bonus. >> and he'll be dancing. stuart: bigtime, that's right. look at apple, record territory. look, at 318. they're going to -- there are reports that they're going to put out a cheaper iphone. that's helping the stock. 318.07 right now. i want to talk about texas. business booming, we know that. why? because the taxes are so low, and people flock from high-tax statements to get some relief. governor abbott on the show this morning. i want to know if he's worried about his state turning purple with all those blue state people bringing their politics with them. oy, can you believe? and the super bowl kicks off, just a week and a half away. tickets are going for big bucks. one retailer actually letting you go into debt to get into the big game. oh, you lucky people. we'll be back. [laughter] ♪ ♪
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and with the sxfinity stream app, screen is your big screen. which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly.
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even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. 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: no surprises, new york yankee legend derek jeter named to the baseball hall of fame.
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he received every vote but one giving him the second highest total in baseball history. he is in. ashley: who's the one? stuart: i don't know. ashley: what is wrong with them? sorry. stuart: you're asking me? [laughter] football. stubhub will allow you to go into debt to buy super bowl tickets. what? ashley: yes. stubhub, of course, the ticket company owned by ebay, they have partnered with a fin-tech the company, financial technology company, to allow you to actually, you know, get on a payment if plan. on the secondary market, the average price of a ticket for the super bowl are $7100. so there you go. the annual rate, it's anywhere from 10-30% based on your credit rating. we'll take the average there, 20%. so if you take that $7100 at 20%, if you did it over six months, you'd be paying $1253 a month. in the end, you would have paid an additional $420 in interest.
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basically, going into debt paying pretty high interest to get to the game. stuart: no thanks. ashley: but then there's your living room. [laughter] stuart: miami, airbnb accused of price gouging. tell me more. >> you're going to need a place to stay in miami, and these are some of the prices that airbnb has been found to offer. if a normal night in a single house is $48, a super bowl night goes up to $619. the highest one, downtown miami apartment, $63, that goes up to $3,000 or an increase of 4700%. is this price gouging? stuart: no. >> for the market at work? stuart: it's supply and demand. >> hypocrisy on the part of airbnb who says they don't do this sort of thing? stuart: no. supply and demand. let the market rule. you're going to go, you want to spend the night? that's what you've got to pay. don't go if you don't like the
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price, simple as that. next case, we are truly invested in you at fox business. we're all about the american dream but, oh, look at this. a report from davos says the american dream is not even achievable in america anymore. you've got a better shot at the american dream in those countries on your screen right now. charles payne on that. he's the embodiment of the american dream, this guy. and later today i'll join him in front of a live studio audience. that will be 2:00 eastern today right here at fox studios. wondering what's going to happen. here's a taste of the last time they turned me loose on a live audience. roll it. i don't know why you're laughing, sunshine, but i'm telling you, when i was in england in the 1970s -- [laughter] the coal industry, steel industry, rail industry, gas industry, road transportation, what else have we got here? oh, electricity, health care, all of that and the airlines owned and run by the government, and they ran it into the ground. that was english socialism. it failed miserably. ♪
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♪ at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk
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stuart: it's, the market is still up but
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as much as it was. 14 up for the dow, 45 for the nasdaq, nice gain. 7 for the s&p. up, green arrows. got it. president trump just tweeting a few moments ago, here it is: heading back to washington from davos, switzerland. very successful for usa trip. that's the tweet. according to the world economic forum, it is easier to achieve the american dream in canada and these other countries on your screen. i can't believe it. [laughter] charles payne, eager to go at this one. charles, you are the embodiment of -- >> well, thank you. stuart: so am i. i think it is nuts. >> it is a thousand percent nut, it's nonsense, and these kinds of things are regurgitated all the time. this is how the report goes. it's the number of generations it would take for those born and low income families to approach mean n. in other words, to be average. first of all, the american dream was never to be average, okay? stuart: right. >> okay? that was never the american dream. that's the davos dream.
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that's the billionaires' dream for us, that we could be average enough to buy their stuff and fuel their private jets. that's their dream, that's not the american dream. so this whole report is bunk. and it's based on health. what kind of health? education, access to technology, fair pay, protections, institutions. it's not based on how much money and mobility there really is. [laughter] okay? now, let me go to america in 2018. the bottom three rungs of the economic separate us, right? there are five -- six of them. under 15,000 went to 10.2% from 10.3. you should 25,000, 8.9 from 3.4. under 35,000 to 8.8, they all moved up. so what got bigger, right? the 50,000, the 75,000 went from 16 to 17%, the 100,000 went up to 14.9 from 14.6%. these are just one-year changes.
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those people moved up the ladder. that's mobility. if they ever want to be honest, send me a survey of how that's working. by the way, there are countries around the world that are embracing the american dream and trying to do it. nigeria's seeing 16% year-over-year compounded growth. but, listen, you started from a low base. these are countries i hope never buy into the world trade organization, egypt, vietnam, kenya, we already have nine million millionaires, so we're not going to see 16% growth, but the bottom line is that the american dream is to have unlimited potential and opportunities, not to work your way up to average. stuart: move up that food chain, that's what we're all about. >> right, exactly. stuart: i don't know how you keep the energy level, but you will. [laughter] i've got some retail stories i want to get to. fareway, they're all over new york, the new york area, very common here, big deal. they're not going to file for bankruptcy contrary to earlier reports. >> "the new york post" had reported that fareway was filing
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for chapter seven, so complete liquidation, close all 14 of its stores in the surrounding area. fareway in a statement says: no intention to file for chapter 7 or liquidate. such statements are disappointing. fareway expects to soon announce a value-maximizing transaction. the issue is they do have $174 million in debt. in 2013 they went public. three years after that they went private because they were saddled with debt. they were able to cut that debt load, but it grew again. they overexpanded. they were very aggressive x there's so much competition in the grocery market whether it's online, whole foods, trader joe's, you name it. stuart: charles, i don't think this is a problem with online competition, it's a problem with the stores themselves. >> oh, my goodness. have you been to one? are have you seen the moving"the shining"? they've got someone in a maze
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and he can't get out. what did i do, i apologize, i'm sorry, i started crying -- [laughter] i went for a jar of pickles, i wait for the manager to get me after they closed and walked occupant of the place with a flashlight. the store is crazy. it's just a giant web of aisles, and it's just nuts! [laughter] stuart: hold on a second. the greeting cards store, papyrus, they're struggling. don't they own american greetings? ashley: they do. it has a number of stores here in the new york, of course, 260 around the country. fancy stationery, all of this stuff. just can't make it, make it work. so, but the american greeting cards, on the other hand, despite the high-tech world with, greeting cards, the physical cards, are still doing very well. the average sales of $6.5 billion a year. now, more people are going online to buy them and customizing them, however, there's still a huge market for
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greeting cards. not so much for the fancy paper that you write on and everything, and those stores are going to be closing down. stuart: isn't this an obvious online story? >> yes. stuart: wouldn't you buy a greetings card easier online? >> i love the stores though. it's a great last minute option. but i've got to be honest with you, i kind of forgot how to write in cursive. [laughter] i've got stacks and stacks of these stationery and cards on my desk at home. i can't use them because i've got to retrain myself, i can't write in cursive anymore. stuart: i'll take 'em. [laughter] i'll buy them off of you. >> you don't have to, they'll be on your desk tomorrow or friday. stuart: i write letters. >> i tried to write in cursive to someone the other day, i was like, oh, my god -- stuart: all capitals? >> that tease the only -- that's the only thing i do. you don't want a handwritten note from me -- stuart: use the wax seal and a feather?
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[laughter] hold on. this is for you. >> okay. stuart: build-a-bear workshop surging because of, well, yes, 6.7%, because of baby yoda. >> they recognize the trend. they got on the phone with disney and lucas and said we want this mandalorian little creature, and it is coming. okay, it's only $5 and change, but it is up over 60% in the last month. baby yoda, coming soon. stuart: that was a rotten picture on the right-hand side. >> couldn't really see it. >> they have a new rival coming out, baby jaba. i'm rooting for baby jaba the hut. have you seen it? >> no. >> this is cute. why are they discriminating against the fat one? [laughter] i had a party last year for my granddaughter there, a great place. fantastic. but there's no way to scale that business. you know, it takes two or three people to handle all of those kids, and you only do one party
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at a time, and that's why it's only a $5 stock. stuart: there you have it, ladies and gentlemen. let's not forget, charles has a special show today on his program, live studio audience. i'll give you the preview are, what are we going to see? >> we're going to see a preview of really november 2020. because america is at the crossroads, there's no doubt. i know we hear this kind of hyperbole, but really consider today the big headline is that bernie has taken the lead in the democratic presidential race. america's going to have to make a serious choice, do you believe in what we are, what we have always been and the momentum we have, or do you want to try something drastically different. so people are going to be asking about student loans, they're going to be asking about climate change, retirement, investing. we're investing in our audience, and today they get to ask the questions. stuart: good. i'll be there too, 2:00. >> can't wait. stuart: day two of the senate impeachment trial kicks off in a little over an hour. why the late start? well, the senate was not adjourned until 2:00 this morning.
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senator john barrasso joins us on that. what was it like being holed up for all those hours on the senate floor? and, of course, i'm going to ask him about this. that is a candy drawer. it's on the floor of the senate. that's all they're allowed to eat. and no coffee, by the way. keep it here, this is "varney." ♪ ♪ with sofi, get your credit cards right 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. get a no-fee personal loan through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from managing inventory... to detecting and preventing threats...
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investment opportunities beyfirsthand, like biotech.ne because your investments deserve the full story. t. rowe price invest with confidence. >> the president sometimes rely ona theory of absolute immunity that says that he can order anybody in the executive branch not to testify to the house or the senate or to a court. it's embarrassing. >> the only one who should be embarrassed, mr. nadler, is you. for the way you've addressed this body. this is the united states
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senate. you're not in charge here. >> i do think those addressing the should remember where they are. stuart: a couple of little snippets from the impeachment trial which began in the senate yesterday. they debated the rules for the trial. senator mcconnell's rules won out. senator john barrasso, republican from wyoming, joins us now. mr. senator, thanks for coming on the show. i'm sure you're tired, but take us inside the chamber yesterday. what was it like being penned up there for all those hours? >> well, you know, you're not allowed to speak, stuart. under, as they say, penalty of prison. kind of like the tower of london. [laughter] and i sit next to lindsey graham. well, you know, he's a talkative guy -- [laughter] there's some challenges, but it's an important role that we are playing sitting in on this what will now be a fair trial after what we were through in the house which was very unfair. they put up a flimsy case. it was rushed, it was partisan. i believe it was actually an
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abuse of the constitution. what happened in the house. we are now going to have a fair trial in the senate consistent with the rules that were used for president bill clinton. stuart: as a viewer, it was boring. it went on forever. i can't believe that this will do the democrats any good politically if you've got to put up with that for days on end, weeks on end. >> the interest just isn't there for the public. the public will tell you that what happened in the house, only one out of three of them view it as a fair process. they believe what we're going to do in the senate, a majority of viewers believe it will be fair. but it's going -- the democrats are now going to have three days, 24 hours of talking time to make their case. they've had, they've done such a poor job in the house that now they want to call additional witnesses. they could have called anybody they wanted in the house. they called 17 over that period
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of time. but it is interesting because one of the house managers yesterday said we need to do this immediately. well, the political stunt of nancy pelosi held the articles for 35 days. and if you read the articles, if you read their whole brief, 13 times they say the evidence is overwhelming. well, if it's so overwhelming, why do they need additional witnesses at all? stuart: i'm going to put something on the screen which might shock some of our viewers. it is a candy drawer. [laughter] this, i believe, is the only source of food that's allowable during this senate trial. you can't even have coffee to keep you up all night. i mean, is that real? is that accurate? >> that is accurate. last night dragged on til about 2:00 this morning because chuck schumer continued to bring up new amendments to try to change the rules which were the rules, essentially, similar to what they did with president clinton 20 years ago. that's what we said we wanted to use that as the basis.
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last time 100 senators voted for it, but not this time. chuck schumer has played lots of political games because remember, stuart, this is a partisan impeachment, it is one-sided, it is an effort to undo the election of 2016 and really have a significant influence in the election of 2020. stuart: real fast, senator, can you give me 20 seconds on what to expect today? >> i expect more boring viewing. you know, the networks cut away from it. you're going to hear the house managers make their case probably well into the night. it's flimsy, it's a weak case because they had such a rushed process in the house. stuart: you have our sympathy, mr. senator, but it's your job and you've gotta do it. okay. >> thank you. [laughter] stuart: oh, you're welcome, sir. see you soon, senator barrasso. michael bloomberg has unveiled his infrastructure plan. he's a presidential candidate on the democrat side. what's he got? ashley: yeah, ambitious.
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he wants to right off the top repair 240,000 miles of road, 16,000 bridges saving the average commuter, he says, $300 per year, all of this by the year 2025, in the next five years. building a faster rail link to ten of the u.s.' busiest airports by 2030. i'd like that. expand and improve public transit for 50 million americans, develop high-speed rail and complete at least one high-speed rail line by 2025, three by 2030. and also expand broadband access to 10 million more americans by 2025 and to everybody by 2030. as you can see there, clean water in the hundred most vulnerable communities in the next five years and prevent millions of rural americans from losing access to convenient air travel. there you have it. i don't see any price tag on all of this -- stuart: right. >> but i kind of agree with him, the infrastructure needs desperate attention, and that was something that president trump tried to get going and hasn't been able to since he took office.
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stuart: if it's the government that's going to do it all, i'm skeptical. ashley: yeah. gotta get the private sector involved. stuart: yep. coming up, the governor of the great state of texas, greg abbott. people going to his state because of booming, it's got a booming economy and low taxes, of course. he's got a bone to pick with these high-tax states. don't believe me? watch this. >> people fleeing illinois, new jersey, other states because they're trying to get away from the things that hamstring capitalism, that hamstring the ability to start and to grow a business. ♪ ♪ i recently spoke to a group of students
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about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better.
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wthat's why xfinity hasu made taking your internetself. and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started.
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and now for their service to the community, we present limu emu & doug
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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: we've covered the tax exodus, you know, people moving from high-tax blue states to low-tax red states, look who's with us now, the governor of texas, greg abbott. welcome to the show mr.-- governor, i should say. i want to get to taxes in a second -- >> great to be back. stuart: what are you doing in davos? are you trying to get people to go from europe and relocate in texas as tax exodus people? >> you know, we're trying to educate the masses about the way
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we do things in texas, and they can profit just as much if they end up the texas way. stuart, i've got to tell you this, during my time here, i've had multiple ceos tell me either they have already begun the process to relocate to texas or they want to relocate to texas. we are doing deals, we're going to be bringing even more people and more capital and more investment to the lone star state. stuart: now, you've got all these people moving from blue states into your state, a red state. but i'm told that they bring their politics with them. and that there's a chance that texas turns not blue, but purple. what do you say to that? >> well, first, my job every single day is to wake up and make sure that does not happen. second, there is a reason why these people are fleeing these high-tax, high-regulation, poor living environment climates and coming to texas. and they need to remember exactly why they're fleeing california, why they're fleeing illinois, why they're fleeing
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new jersey, new york and these other states. do not bring with you the thing that's causing you to flee those states. come to the land of freedom. texas is the last bastion of opportunity. don't blow it when you come here, be a part of it, be texas red. stuart: now, i always thought that when president trump went to davos with the high expect mighty that it would be hostile territory. but i've come to believe that after outlining america's extraordinary success economically, that he's won over some converts amongst the high and mighty in davos, that he was actually quite well received. is that accurate? >> that is a good observation. i'll tell you, for several reasons. one, he gave one of his best speeches ever to the crowd at davos. he explained american exceptionalism. he didn't come here to apologize like some other leaders would. he explained why it is the united states has such a good, growing gdp, why wealth is being doesn'ted amongst every
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demographic group in the -- distributes amongst every demographic group in the united states, about how everybody can be a winner when we have a good, capitalistic economy led by donald trump. other cups would be dying to have -- other countries would be dying to have the type of economy the united states has, so so he was winning people over right and left. stuart: now, i was not, obviously, in the room when he made that speech. perhaps you were. but i just want to know what kind -- >> i was. stuart: -- what kind of response did he get right there on the spot when he was saying what a wonderful economy america has and capitalism? >> well, i was in the room not too far away from exactly where he was speaking, and it was extremely well received both inside that room but also there were echoes of it outside that room. he had very successful meetings with people here at davos. listen, these other countries and leaders in other countries, they're hungry for the same type of success that we are enjoying in the united states. and so part of the president's speech was really part educational but also part
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demonstrating what everybody can achieve when they try to emulate the american model. stuart: did impeachment turn up much? >> i never herald it once. you're the first one to bring it up, stuart. [laughter] stuart: i'm very sorry, governor. [laughter] okay. i'd better end it right there. governor greg abbott, governor of the great state of texas. thank you very much for joining us, sir. we always appreciate when you're on the show. thank you, sir, appreciate it. okay. >> thank you, stuart. stuart: there will be more "varney" after this. ♪ ♪ . .
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stuart: jeff bezos is the world's most, the richest person in the world, i should say that, his phone reportedly hacked. it was hacked through an account tied to the runs saudi arabia,
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known as mbs. what is this about? ashley: through whatsapp, the most popular app in the world. it contained they believe encrypted or malicious file snatched staff -- attached to a video. they believe his personal data was hacked into. stuart: the u.n. says it might have been israelis did it. ashley: spyware. stuart: spyware. that would conform to conventional wisdom, the only people in the world that can get into an iphone, we're making assumption it was iphone. ashley: we don't know that. stuart: that is speculative point. the israelis can get into the things a as opposed our cia or fbi. >> if this is true what does it do to the relationship between its rail and saudi arabia? stuart: exactly. >> pictures of lauren sanchez
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got out. that led to the divorce of jeff bezos. and mackenzie. stuart: story 1/2. somebody will get into this thing. watch me later today, town hall with charles payne, 2:00 p.m. eastern on this network. time for neil. it's yours. neil: stuart, thank you very, very much. the anomaly continue what is is happening on corner of wall and broad and what is going on in washington, d.c. almost as if investors shrugging at the so-called constitutional crisis and that the president will live to fight another day. the president indicating that backdrop is fine for him and teasing upcoming plans of his own to keep the markets and the economy. humming. >> i will make a tax cut. we'll probably make the other permanent. it has a long way to to in all fairness. we'll make that permanent for the middle class. we'll announce it over the next 90 days. we have great health care initiatives coming up. we've done really well with health care. we're coming up with a plan that

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