liz: good afternoon, everybody, i'm liz claman. breaking news, the world health organization has just issued a statement on the new and worrisome virus spreading from china. we're getting the facts together, so stand by. even as the world waits, wonders and worries about the coronavirus, two specific records are still in sight on wall street thanks to a slew of positive earnings results grabbing investors' gaze. are we about to see the s&p and the nasdaq head straight for another photo finish? tesla's ceo elon musk doing the happy dance, or is he digging his heels into short sellers' faces? shares of the electric vehicle giant wowing believers and

crushing the haters after a top tech analyst goes from code red to a green light for investors. we'll tell you what's behind that call. well, one of the tesla's early investors doesn't even care, he made his money years ago. tim draper now turning his bullhorns toward other things elon. we'll ask draper, one of the original investors with silicon valley what he thinks about tesla's meteoric rise in 2020 and why he thinks spacex and the boring company may also be sure bets each before they go public. plus, opening statements in the impeachment trial of president trump pushing into this hour two at this moment. we'll take you straight to capitol hill for an update. and it is a page straight out of the hollywood movie "outbreak." china now locking down all transportation in and out of wuhan in china as the world health organization decides whether to call it a global outbreak. they have apparently just made their decision at least for the moment.

pulitzer prize-winning author of the book "the coming plague," lori garrett, on whether the world health organization is making the right call. and call it the parasite effect, the group netflix is targeting next. general motors' origin story and charlie breaks it on how mike bloomberg's infrastructure man differs from everyone else's, and here's a hint: it involves potholes. we're less than one hour to the closing bell, let's start "the claman countdown." ♪ ♪ liz: and we want to get to the breaking news, opening statements underway in a new york courtroom in the sexual assault trial of movie mogul harvey weinstein. prosecutors are painting the hollywood executive as a sexual predator who used his stature to abuse multiple women, more than 80 of them. the defense team argued that interactions with his accusers were consensual though.

weinstein was asked upon his arrival with all of the reporters there, as you see, whether he thought he could get a fair trial, and he simply said, yes. now, if found guilty, weinstein faces life in prison. let me get to boeing, because that is keeping a cap on what could have been a much bigger move for the dow jones industrials. boeing is down 1.75% but actually recovering a bit of its earlier losses as new ceo david calhoun held a conference call with reporters almost simultaneously as a ratings agency cut the stock's rating. now, during the call he said boeing will not get rid of the 737 max jets or the brand, and production will resume months before its mid year return to service. there are also no plans to cut the stock dividend. adding pressure to the plane manufacturer facing, air canada announcing it will be removing the 737 max from its schedule

until june 30th while united airlines says it doesn't expect to be able to fly the jets this summer at all. shares hitting the lowest level since december 2018, standing at 307.14, now down about 2%. has the parasite effect taken hold of netflix? in the wake of the korean drama's international success, oscar nomination and sag award, netflix said it will be, quote, investing heavily in korean stories. in its earnings release last night, it referenced the korean hit "parasite," but netflix asia-pacific revenue has nearly tripled over the last two years, so so they're going where the viewers are, right? that was not enough to overcome the warning that lower viewership growth in in the u.s. and canada this year will be negative, $2.5 billion. netflix down $12.59 or nearly

4%. but over three months, it has been really nicely moving here. all right, the markets recovering after the dow drop more than 150 points yesterday. what triggered that? fears over the coronavirus that is coming out of china and spreading have gripped the global markets. the world health organization now just said it needs more information before declaring whether this wuhan virus is a global health emergency. so they have not said it is a global health emergency. but look at today. while we are off session highs, both the s&p and nasdaq hit intraday all-time highs. is this the new norm for the world we live in? one day we're all terrified that we're going to come down with some virus and the next back to everything being okay? let's bring in our traders who have been through all kinds of drama through the years. scott bauer, perplexing or encouraging that today we are up once again? >> you know, it's really a mix, liz. and i think what it is, is there's always going to be some sort of risk headline to the

market whether it's an outbreak hike this, whether it's a ski yo political risk, whether it's the impeachment, whatever it is. the markets are resilient. this is as much of a psychological type of trade than anything else, because the markets typically have a very knee-jerk reaction, and then they will go back, and they will trade on fundamentals. they will trade on technicals. however, you get something like this though, and it can befuddle both traders and investors. there's no question about it. liz: teddy, we know that when the sars virus hit in 2003 spreading from china, killing hundreds of people, we know that that actually cost billions of dollars. there was actually a number put on it, $54 billion, by the world bank. this can affect psychological. there's a huge human toll, obviously, and not to mention that people do change their behaviors. but today it doesn't appear that people are that concerned. >> well, no, i think people are

concerned. listen, this clearly is a valid concern, liz. but i think when you look at it in terms of the stock market, you know, we're with a stock market now that clearly by most measures is probably way overbought technically, due for some kind of reaction. you have a lot of folks that are kind of sitting around with their finger on the trigger just looking for an excuse to take some money off the table. so it doesn't take very much in terms of a negative message no matter what that message is to get people to start to make some sales. and, in fact, take some money off the table. so you get this immediate knee-jerk reaction. but i think you have to look beyond that to the overall fundamentals, and until something dramatic changes -- liz: earnings look good, and we're near record highs. but i think you're right. scott, do you agree with teddy that it's almost like whether it's the algorithms, high frequency traders or just the retail investor who might be watching right now with that

finger, like, i should take profits right now if they see something that hits the tapes that's worrisome. >> yeah, no doubt about it. especially when you see volatility at levels as hoe as it is right now in the marketplace which is probably very, very overbought. liz: okay. good to see you, guys. always the voices of reason. scott and teddy, thank you very much. while markets seem to be brushing off the impeachment push as well, not just the coronavirus news, let's take a live look at the senate trial to impeach president trump as it's reconvening for day two on capitol hill. congressman adam schiff is on the floor right now. both sides have 24 hours to make their case over the span of three days. to edward lawrence live on capitol hill with the latest on whether we know more than just whether the candy drawer is getting low inside the senate chamber. >> reporter: and i've heard the coffee is terrible inside there. that's at least what senator rick scott told me earlier this morning. representative adam schiff started off with this, he's

outlining how they believe that the president was able to, or tried to force ukraine into digging up dirt on a political opponent. take a live look inside. adam schiff has been going for about two hours now with his opening statement there. schiff is saying that the president withheld military aid and dangled a visit to the white house for the ukrainian president in order for the ukraine to announce those investigations. here, listen. >> president trump withheld hundreds of millions of dollars in military aid to a strategic partner at war with russia to secure foreign help with his re-election. in other words, to cheat. >> reporter: now, schiff says that the cover-up came when the president ordered everybody in the executive branch to ignore subpoenas there. now, this afternoon schiff also used a number of clips from the impeachment hearings where he said the president used the u.n. ambassador as a facilitator here

to try and force the ukraine into getting some of that dirt on the bidens. schiff also went forward making his pitch to senators trying do them, pressure them to put more witnesses in this, to get more evidence, ask for more evidence from the white house even though schiff says he has an overwhelming case with this. we have not yet herald from the president's legal team. their opening statements will be after adam schiff is done. back to you. liz: a lot of news there. thank you. very much, edward lawrence. big blue seeing green in the cloud w. the closing bell ringing in 50 minutes and the dow up about 30 points, ibm, yes, big blue among the big green leaders. surprise growth in fourth quarter revenue, but they also boosted full-year profit expect takes thanks to increasing cloud computing business at ibm. so the stock's up $4 to $14 3.19. up next, silicon valley

superstar investor tim draper on all things elon musk and not just tesla which is spiking well above, yes, $100 billion market cap. stay tuned, we're coming right up with tim draper. the better question would be where do i not listen to it. while i'm eating my breakfast... on the edges of cliffs... on a ski lift... everywhere. for a limited time, go to audible.com to save $50 on your first year of membership. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes.

it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.

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. some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want.

♪ ♪ liz: right now you're looking at a move of about three and a third percent for tesla stock, but earlier today a move of more than 7% had elon musk's empire zooming past the, let me check it, the $102 billion market valuation. topping off at this hour as we speak, is it triggering the latest spike? what is doing that? a top tesla analyst going from code red to code green. may 20th of last year dan ives slammed tesla, calling it a code red situation. he slashed his price target from $275 down to $230, pretty much saying he had serious concerns about demand for the price i electric vehicle. well, he later upped that to $370. today that same tesla bear rocket boosted that target by nearly 50%, raising it to, wait for it, $550.

but if you look at it right now, he's already behind. it's at $564 right now. ives says his 180-degree move stems from his belief that chinese and european demand will not disappoint. what must the earliest of tesla believers be thinking? here in a fox business exclusive is one of them, famed silicon valley venture p capitalist tim draper. you jumped in with both feet, right? >> well, we jumped in with one foot. [laughter] it was way even back before elon joined. it was when martin eberhardt was getting started. liz: i remember. >> but elon turned this business around, made it into the amazing empire that it is today. and having hit $10 billion market cap -- 100 billion market cap, we call that a rhino, we call it a fat unicorp.. so we're really -- unicorn.

congratulations to elon and everybody else who's had a hand in bidding this incredible company. liz: i believe you got in on the series c and d rounds? >> no, we were the first institutional investor. liz: fix your research page, because i saw that. so tell me exactly what you saw that got you writing an investment check. >> oh, well, way back when the only people who liked electric cars were golfers and tree-huggers. [laughter] and when, and somebody came to me and he said, this guy ian wright came to me, and he said strap yourself in.

you're going to get an electric car ride. and i thought, what? strap yourself in, i'm thinking it's a golf cart x. he said, no, no. and i had to strap in with a five-point strap. liz: yeah. >> and he put me in, and he took me for this ride. and we went with 0-60 so fast. the thing was made out of, like, duct tape and pvc tubing. [laughter] but we went so fast. and the thing that really got me was how fast he could stop. he said now watch this, he's going 60 miles an hour, and he's about 100 feet from the stop sign, he stops right there, on the dot. and i thought, oh, my gosh. liz: yeah. >> this is going to be for everybody. we're going to want these cars. they're going to be amazing. and they're going to save the earth. so, i mean, hey, how good can that get? liz: you're not just a tesla believer, you're kind of -- forgive me for this, but a fan boy of elon musk's other ventures, spacex expect boring company. [laughter] you've committed some capital to those two companies, right? >> no, i've committed, i committed capital for spacex, the boring company, not yet. liz: will you? >> we'll have to talk about it. but spacex, yeah, absolutely. that was a great opportunity. and my partner, steve, was a big rocket enthusiast. and i said, well, you know, what

should we back? i mean, you're totally into these things. go figure out which companies to back x. he said, well, you know, interesting, elon is the one who really has the best space company going. and so we ended up backing spacex x. that has also become a major unicorn, and we're quite excited about that. liz: well, we'll be waiting because we went out there 2007 to see the original dragon capsule. and you talk about duct tape, it looked like tinfoil and a bunch of ex-nas a saw guys with -- nasa guys putting it together. >> that's the best type. you know, i really love these entrepreneurs. i mean, elon -- if they have a big heart like elon, like, hey, i want to save the planet or get us off the planet, you have big, with big ambitions like that, those are the entrepreneurs that draper associates really likes to back. and we think, you know, they've got big, big potential and great

things could come from them. liz: i want to just kind of open up your brain a little bit to our millennial investors -- >> be careful with that. [laughter] liz: yeah, really. i'm afraid what i'm going to find because i've seen tacos delivered by drones. still waiting for that one. tell me what your best advice is to millennials when it comes to making sure they have enough money for retirement. >> well, here's what's happened. i mean, i think if you're a millennial, you look at new currency, you look at bitcoin and you say, hey, this is great because it's not my father's oldsmobile. our banking system put them in $200,000 worth of debt, they're coming out into this world, they're already in debt. things aren't quite working for them. with the current salaries, they can't quite pay it off. it's a really difficult time.

and they've become renters rather than buyers. because they have to. and is so if i'm thinking, hey, i'm a millennial right now, i'm thinking, hey, go bitcoin, go decentralized, tart building your empire -- start building your empire in the new model that doesn't require that you have to pay 2.5-4% every time you swipe your credit card to some bank or another. and doesn't require all the heavy, heavy regulations we have that are all tied to the dollar. i think, i think if you really want it to work, i think you go bitcoin or crypto or the new way. i would focus on the future because this is, this has worked for your father and your grandfather, but it will not work for you. so don't think in terms of, hey, i'm going to put retirement money to work one penny at a time. i would not work, look at it

that way. if you're a millennial, you've got the world out there in front of you, you've got a big career and a big future. think in terms of what's happening in the future, what's the future going to look like. it's not going to be tribal anymore. it's going to be global. it's not going to be tied to geographic borders. it's going to be open. and we're going to all be a part of this amazing, great world. and hopefully, we'll all be able to move freely and move capital and goods freely throughout this world. liz: gotcha. >> this is going to be an amazing time for you, millennials -- liz: for me too, hopefully. [laughter] >> take it by the tail and run. liz: tim, great to see you. thank you very much. and then just don't forget your passwords for the bitcoin thing. tim draper of draper associates, good to see you. >> terrific. liz: the dow has now turned negative. could it be on the decision the world health organization has just made? lori garrett, who wrote "the coming plague," is going to let you know what he thinks.

♪ ♪ ♪ ♪ everything your trip needs for everyone you love. expedia. for everyone you love. it's either the assucertification process. or it isn't. it's either testing an array of advanced safety systems. or it isn't. it's either the peace of mind of a standard unlimited mileage warranty.

or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned. or it isn't. the mercedes-benz certified pre-owned sales event. now through march 2nd. only at your authorized mercedes-benz dealer. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your

arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more.

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

♪ ♪ liz: picture this: a car with no steering wheel, no pedals? general motors says, no problem. the carmaker tag teaming with honda unveiling the self-driving cruise origin. built for ride sharing, the vehicle seats six passenger, right here on your screen you're looking at it. it's being designed to operate 24/7, providing an alternative to car ownership. we bring in automotive editor gary gastelu. have you seen it? how far are we from concept to reality? >> well, look, that's the $19 billion question, which is what cruise is worth these days according to recent estimates that general motors controls. look, they hope to have this service up and running by the end of last year with the existing autonomous chevy bolt. it's already testing in san francisco, but they pushed that

off to get the technology where i they wanted to be and also to build out this infrastructure. so we're really not sure when it's going to go into business, but it does have cars on the road, not this one, that it's testing right now that it drives most of the time in autonomous mode but does have backup drivers. another hurdle that the federal government needs to approve the idea of a car on public roads that doesn't have a steering wheel or pedals. right now that's not allowed. general motors has petitioned nhtsa to let them do that at least on a small scale to start and build it out from there once things get going. up we are going to find out hopefully soon where they are going to build this. it could be in the united states, probably somewhere in michigan. as far as whether you can hail one on your smartphone, we have to wait longer to find out about that. liz: gary, a hook at these things, you know, i've seen a million studies that say that people only spend 12% of the day in their car because they either drive it to work and then park it for hours and hours. it may really tart to catch on

at some point where people start to think what do i need the car for? not in california where we all have to drive everywhere, because we love it. >> look, in san francisco cruise says this'll save you $5,000 a year over traditional car ownership or current ride hailing services like uber. so we'll see if that pans out. but really that is the advantage. this car can go on the road, stay there all day for a million miles, they say, they're going to be able to last before they have to get replaced. this is the same idea tesla has with its autonomous ride-sharing service that it's planning on launching, waymo, i know you've herald of that down there in arizona. everybody's working on immaterial, nobody's actually done it yet. liz: we sat there, that was a test driver, but i was with the ceo. they're expanding in michigan, they have thought of every potential issue that could be faced by these things, and they're ready to go. good to see you. thank you very much, gary fast i lieu. even as the number of people killed by this new virus or

nearly doubles overnight, the world health organization says it's not yet an end deck i -- epidemic alert. with the closing bell ringing in 30 minutes, the dow turned negative, down 4. the s&p still up 1, the nasdaq up 12. nations around the globe are on high alert as the deadly wuhan coronavirus spreads from country to country. is in the big one? up next, pulitzer prize-winning author of "the coming plague," lori garrett, is here to tell us how much you should fear this new virus and whether the world health organization made the right call in the last hour. "the claman countdown" coming right back. ♪ ♪ ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now?

whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! managing lipids like very high tryou diet. exercise. tough. but if you're also taking fish oil supplements... you should know... they are not fda approved... they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear, there's only one prescription epa vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take,

especially those that may affect blood clotting. 2.3% of patients reported joint pain. prescription power. proven to work. now with a new indication. ask your doctor about vascepa. - did you know that americans that bought gold in 2005 quadrupled their money by 2012, and even now many experts predict the next gold rush is just beginning. so don't wait another day. physical coins are easy to buy and sell, and one of the best ways to protect your life savings

from the next financial meltdown. today, the us money reserve is releasing official gold american eagle coins at cost. for the incredible price of only $154.00 each. these gold american eagles are official gold coins of the united states, and are being sold for only $154.00 each. pick up the phone and call america's gold authority us money reserve, with nearly two decades in business, over $1 billion in transactions, and more than 500,000 clients worldwide, us money reserve is one of the most dependable gold distributors in america. today, the us money reserve is releasing official gold american eagle coins at cost for the incredible price of only $154.00 each. these government issued gold coins are official us legal tender, made from solid gold, mined here in america, and fully back by the united states government,

for their gold weight, purity, and content. do not delay. call now to purchase your gold american eagles, for the amazing price of only $154.00 each. gold is now on sale at prices unseen in years, and this year could be one of the greatest gold buying opportunities of all time. call now while vault inventory remains, and as one of the largest us gold coin distributors in the country, us money reserve has proudly served 100s of 1,000s of clients worldwide. don't wait another minute. call now to purchase 1/10th ounce gold american eagles for the amazing price of only $154.00 each. liz: breaking news, we need to take o geneva. you're looking at a live picture of an emergency meeting on the outbreak of the wuhan coronavirus. the world health organization,

at least for today, has bagginged at calling it an emergency of international concern saying it needs more information before making that call. the death toll though in china nearly tripling overnight to 17, that according to state media sources, and hundreds of others -- up to 500 -- have been sickened. late this afternoon china announced it is suspending all without bound and inbound flights and trains from wuhan, the source of the outbreak, but is it too late? the coronavirus, is it the next global pandemic? our guest wrote the book on the

possibility of the coming plague. lori garrett, pulitzer prize-winning author of "the coming plague" joins us now, and we appreciate you being here. let me first get get your breaking news reaction on the decision the world health organization has just made. of they say they're not ready to call it a global crisis is at the moment. is that right? >> well, i have a really hard time understanding this decision. they're saying we need another day, we're going to reconvene, talk it over some more and can for more data from china. they've got a team on the ground that's scouring the numbers, but i obviously think if this weren't such an economically critical nation as china were, if this were a small african country, for example, or a small southeast asian country, i think we would have gone to emergency status already. liz: are you kidding me? this is coming down to politics? is china whispering -- you know how this works, we don't. >> i don't want to imply something nefarious going on. i just think that look what happened yesterday in the stock market with the first whispers about this virus, and the market went down 200 points. there's a really strong recognition that a choice in the case of china has ramifications that go far beyond the immediate crisis. liz: yesterday we got the first confirmed case by the u.s. government of a single person,

one person in washington state who has it. this person apparently says he, she -- they haven't announced what it is -- had been to wuhan. is the cat already out of the bag, lori? >> i think the cat was out of the bag a long time ago. [laughter] frankly, there's one study just released from university of -- hong kong university, a very expert team that was all directedly involved in the sars epidemic in 2003, i know them well, and another study done by a group at imperial college in london. they both agree that by january 7th or 8th there was over 1,000 cases already. and meanwhile, what was being officially reported were less than 60 cases. so i think we have been racing way behind the virus for quite some time, certainly since mid december. liz: well, yesterday we had a ph.d. from ucla on, and she

put it like this. here she is. >> outbreaks are like wildfires, you need to stop them when they're at the spark if, not when they become an infer now. liz: are we at inferno status right now or somewhere in between? >> i think we're a wildfire that is, you know, 10% controlled, and we're watching it start to lap up the hillside and trying to figure out what to do. but i think it's different, the wildfire metaphor only goes so far because at least it's physically all in one place. but we know that at least 22 cities in china already have cases. and, you know, it's reported, definitely confirmed in japan, the united states, south korea, singapore, hong kong, macaw, and we have -- macau, and we have rumored cases today in moscow and mexico right at our border. liz: really? >> and so i think that to talk about, wildfire -- unless you want to say like australia where

you have multiple wildfires spread out all over the place at once, that metaphor might work. liz: wildfires don't jump on planes and then awe arrive in san francisco or atlanta or chicago. we know starting last week u.s. airports started to step up their checking of certain passengers, and, you know, for fevers and things like that. do we need enhanced screenings everywhere now in the just. >> well, i think what you're going to see developing over the next few days is a huge escalation in temperature checking across asia so that literally every single airport in asia will be having thermometer tests or those temperature portals that you walk through that do an infrared screening. and anybody with a fever is going to get isolated. you're going to be asked step aside, please, regardless of what the source of the fever may be. how soon it will go all over the united states with, i think since all flights from wuhan only come to three airports, those airports are already up at escalates level.

i think you'd have to see some spread inside the u.s. before they would extend that to more airports. liz: we've got to run, but one last question. tomorrow should the world health organization announce this is a global issue and a crisis? >> i don't understand why it is not. they already have evidence of it transmitting from one person to another to another, four generations down. they already have evidence that it's widespread. and they already have evidence that it's spreading inside hospitals. liz: i'm listening to lori garrett, she wrote "the coming plague," pulitzer prize-winning author. thank you very much. now i'm scared. all right, spying on the world's are richest man. the dow holding on to gains of about 21 points. up next, explosive allegations that the saudi crown prince hacked into amazon ceo jeff bezos' phone to influence "the washington post" coverage of the murder of a prominent journal u.s. details on that ahead.

and check out the latest episode of my everyone talks to liz podcast featuring the cofounder and very first' owe of netflix. -- ceo of netflix. he's a name you may not be familiar with, mark randolph. what a story. how he and his pal reed hastings turned a start-up that had beach chairs and a tiny little office into a $150 billion entertainment bullet train. it's a must-hear story that involves, yeah, two pals carpooling in santa cruz, california, where both lori and i went, and we went to berkeley. it's one crazy idea. hear mark randolph's inspiring success story and what he's up to now. google, apple podcast, foxnewspodcast.com, we're on alexa. let us know what you think @lizclaman. "the claman countdown" is coming right back. hhhh! look who just !

you are so cute! but one thing we could both agree on was getting geico to help with homeowners insurance. yeah, it was really easy and we saved a bunch of money. oh, you got it. you are such a smart bear! call geico and see how easy saving on homeowners and condo insurance can be.

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. ♪

♪ ♪ liz: a new royal drama emerging overnight and, no, we're not talking about harry and meghan. according to reports, an account tied to saudi crown prince mohamed bin salman may have played a part in the hacking of jeff bezos' cell phone. the attack occurring after the amazon founder reportedly opened a message on whatsapp that had come from mbs' personal account reportedly containing a video that included a malicious file that then infected the iphone of the world's richest man. hackers extracted, quote, large amounts of data from bezos' phone in just hours. bezos, of course, also the owner of "the washington post," the former employer of jamal khashoggi who was murdered by members of the crown prince's inner circle.

any more developments on that, we'll get it to you. i thought whatsapp was unhackable. connell: especially jeff bezos. just don't click on stuff. period. i make that happen. i delete them before i open half the e-mails or texts -- liz: don't delete from me. connell: you're on my do not call list. no, just kidding. [laughter] speaking of amazon and hacking, one of the stories we're going to talk about next hour related to both. you know the ring doorbells, there's been so many stories about people hacking in, everyone concerned about security. now it comes out, we'll be talking to brett larson about, the sales have actually been going up. so it's not like people are getting scared off, which is kind of interesting. if we can be more secure, maybe things are more convenient for us, apparently we're willing to put up with these concerns about privacy. so we'll get into that, have all the closing numbers. deirdre bolton will join me at the top of the hour. liz: we'll see you both.

thank you,com. the closing bell ringing in 13 minutes. up next, billionaire 2020 presidential candidate mike bloomberg rolling out a $1 trillion infrastructure plan today. he is expected to speak in washington, d.c. at any moment, maybe to articulate what's in it. what is in it and how does it differ from everybody else's? one hint, the word "pothole." and charlie gasparino weighs in on mayor mike's 2020 spending spree overall. he's breaking it next on "the s claman countdown." dow is up 15. ♪ because your investments deserve the full story. t. rowe price invest with confidence.

i learned about myuse grandfather's life. on ancestry and it was a remarkable twentieth-century transformation. he did a lot of living before i knew him. bring your family history to life like never before. get started for free at ancestry.com

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. ♪ ♪ liz: closing bell fewer than nine minutes away. look at the nasdaq right here. the nasdaq, while green, is just below record territory. here's what we need to see, we need to see it up 18.14 points, we're up 16.67 right now if we're going to see that record. all right, let's take it live to

the u.s. conference of mayors meeting in washington, d.c. where 2020 democratic presidential candidate mike bloomberg will soon be speaking. he is walking across the stage at this moment. hot on the heels of unveiling his $1 trillion infrastructure plan earlier today, and there he is speaking, and we're going to bring in charlie gasparino because there is a pothole fund as part of this as well, correct? >> you know, what's fascinating about bloomberg is, you know, we first reported that he's going to spend $2 billion, as much as $2 been on his campaign or helping the democratic nominee. he wants to get rid of donald trump. on top of that, he's thrown another big number around, only this isn't billions, we're talking trillions, in terms of infrastructure plan. now, everybody, you know, has an infrastructure plan, right? i mean, it's -- trump had one, you know, elizabeth warren, i'm sure, has one, bernie sanders, if you asked him, has one. it's called giving free stuff out to people for those folks.

bloomberg, i would say, has a much more, i mean, don't quiz me on every little jaunt and diddle of this thing, but it's much -- what i've read, it's pretty detailed in what he wants to do, and it's typical mike bloomberg. mike bloomberg was a technocrat, no doubt. he was a very good mayor of new york city because he understood the details of being a mayor, and he was very good at it. some people didn't like his big gulp, the soda ban. i also thought if you're going to have socialized medicine -- liz: trans fats he got rid of --? >> it's not the worst thing in the world to cut back on how much poison you can put in people's -- liz: cut smoking out of restaurants. >> right. this guy does stuff like that. he's a technocrat. and if you read his plan, it's typical stuff, stuff about high-speed railways, a pothole fund -- liz: and that's for emergency

repairs. i think he says don't build new roads or bridges, fix the ones we have first. >> right. and he would be good at that. i'm just telling you, the guy knows how to run stuff. now, he's going to have to get over the fact he's not very charismatic. trump laid boo him yesterday and was kind of right. i mean, you know, mike isn't the greatest speaker in the world, you know? he's a very technocratic guy. does that translate into a national election? remember, he got elected new york city mayor on the heels of 9/11. i was there, i covered it, basically, you know, the city was reeling. rudy giuliani was the mayor, and his popularity was very high because he set such a high bar, did such a good job of pulling the city out of the ashes of 9/11. rudy basically enforced him. mark green would have been mayor if that were not the case. mark green was a former new york city -- i can't remember, i think he was public advocate, as a matter of fact. longtime aclu lawyer. but he was going to win, and rudy basically gave it to mike bloomberg who went on for three

terms. even though he had term limits, he stopped term limits, he basically got an amendment to renege on term limits, and he was very successful as a your. again, whether this translates into, you know, national election, i can't tell you. but he is going to spend the money, he is going to come out and think big. i would say this, liz, this is what i'm hearing from my democratic sources. obviously, he's not doing iowa or new hampshire. super tuesday's going to be his test. if he does a good job during super tuesday, my sources in the democratic party, probably stays in, and he will run more of a positive campaign than a negative campaign. was what he does not want to do is tear down any of the democratic nominees, because he wants -- he despises trump so much, he wants to spend money to help them beat trump. now, if you think money doesn't buy elections, i want to just e mind you one thing, and this is why you have to take whatever he's doing seriously. trump won by 70,000 votes, $2

billion, that's how much he's going to spend, in a handful of states -- wisconsin, pennsylvania, michigan, a couple others. can't remember all of them. to get 70,000 to either switch or people who sat out to get them to vote democrat is not that big of a, not that wig -- big of a lift if you spend that type of money. you only have to spend it in those states. get out the vote. african-american voters sat home for hillary clinton. vote for joe biden. if you think trump going to have a layup here, just keep that in mind. some other points in terms of how much bloomberg is going to spend, you know, i don't guarantee he's going to spend $2 billion. his people are saying that he will spend about that. liz: charlie, thank you very much. charlie gasparino. the markets have been hitting new records all month long, but today's countdown closer says the markets are taking a leap back in time, showing the old irrational exuberance.

remember that? he has $44 billion under management. let's bring all right. irrational exuberance? tell me why, and how an investor should behave and think about this? >> yeah. sure. thanks for having me. tell you one thing, minneapolis-st. paul will put a big dent in the pothole fund if we get a chance. liz: same in jersey. >> absolutely. if you look at valuations after strong 2019. certainly testing some bounds here. corporate profits relative to index levels. there is a big gap back like we saw in 1999. i think that should have investors nervous. with that being said, you do have an engaged central bank. we are relatively optimistic on the markets. we're being cautious with our chips. the areas we do like, we do like banking. we do think that's a, been very well-underwritten and managed

since the financial crisis. so that is an area we like. we are overweight corporate credit in general. despite, that there are signs of irrational exuberance. at the end of the day we think 2020 will not be as good as 201019. liz: what is lowest you bo for credit? double a minus? you tell me? >> we do go all the way down into the spectrum into high yield but, liz, we have the lowest weighting we have in high yield in the last decade. liz: really? >> we're overweight in corporate credit, more investment grade credit. part of that is the compensation you get. valuations to the going back to the exuberance idea. we're not getting compensated to do go to high yield and we don't want to do that to our clients. liz: what sectors are you turning tail on? which sectors would you avoid? >> good point. high yield, in general that scenario we're to the excited about. we don't like structured

product. we do like the consumer but don't like student loan debt. we also, generally are not a big fan of capital goods. despite the fact we have a phase one deal here. global growth rates are so constrained. trade will rear its head again. we don't think heavy manufacturing sectors, capital goods are great place to be. liz: we've seen a little weakness there. what headwinds do you see the economy facing? i'm asking that i really want to know. i don't see headwinds. i see strong housing market. labor is incredibly strong. manufacturing is iffy. overall this is a strong economy, is it not? >> it is. it is largely been the product of the central bank involvement. i mean you are seeing what they have done has worked, right. risk assets are approaching all-time highs. generally a good environment. you have full emappointment. keep in mind -- employment.

generally recessions come in an environment where there is full employment. [closing bell rings] w a good environment. there is definite risk to the downside. liz: dan, thank you very much. the dow straddling the flat line. does not look like records today for the s&p and nasdaq. we'll see you tomorrow. maybe then. connell: a little bit of fade from the markets into the close. will at least for the nasdaq into the green. the dow turned into negative territory. we have a lot going on. we'll talk about the virus in china. more headlines. i'm cone nell mcshane. deirdre: i'm deirdre bolton. in for melissa francis. this is "after the bell." they failed to close at a new record high. you see where they closed on the screen. connell: little short after record for