let me share some of these with you. the geico gekko. the emu got a lot. flo from progressive? are you serious? everyone agrees, yeah, mr. mucus, out. liz claman, i hand it over to you. from the mucinex commercial. liz: i like the liberty mutual guy. charles: the emu? liz: no, the guy who says liberty bibberty, line? charles: that's like me reading the teleprompter. liz: charles, thank you very much. i will take the prompter from you and tell our viewers the world health organization says that mystery virus jumping across continents is a quote, china emergency, not a global one. there is a run on face masks right now as yet another country discovers a case of the coronavirus. u.s. markets, though, well off their lows, even as two more cities in china are on lockdown,

putting global stocks on alert. we will show you just how hard chinese markets got slammed as the world wakes up to what appears to be a developing pandemic. peacemaker vladimir putin? the new sign russian president putin is working toward a new profile, one as problem solver to the world. coming up, a one-on-one with the man known as putin's banker. wait until you hear what he reveals to "the claman countdown" about putin's plans and popularity, and he calls out president trump on climate change. he's live -- not live, on tape from the world economic forum in davos, switzerland. excruciating testimony at the sexual assault trial of harvey weinstein. the hollywood mogul could be headed from the big screen to the big house. one man did it in reverse. the wolf of wall street spent time in prison for financial crimes before finding a second chance after his story played

out in theaters across the nation. he joins me live. and charlie is ready with his "told you so" on a new trump tax cut that may be coming. less than an hour to the closing bell, let's start the "countdown." liz: we've got this breaking news. the senate impeachment trial of president trump just went to recess, as democratic house managers have been making their case all day, as they press into day two of opening arguments. democrats are now focusing on alleged abuse of power. each side as we mentioned have 24 hours over three days to make their respective cases. let me get to stocks. that would be gilead science stock, moving higher on news it's in active discussions as to whether its experimental ebola treatment could be used to treat the coronavirus infection that has now killed 18 people and

infected more than 630. those are our latest numbers, they are changing quite quickly. the biotech company which is jumping about 1% right now, earlier before the news, was up half a percent. the spokesperson is saying that gilead is working with researchers and clinicians in china and the u.s. on trying to find out whether this ebola vaccination might work for the coronavirus. insurance company travelers is the biggest loser on the dow jones industrials, despite reporting higher fourth quarter earnings. the stock is selling off, down about 4.75%, as the industry bellwether says it faces higher than expected claims payments for lawsuits, but also jury awards. finally, the parent of the northface, timber land and wrangler jeans missed wall street revenue estimates and gave 2020 earnings guidance below expectations. that's why you see the stock tanking about 10% at the moment. price target cuts are pouring in

all day. among them, jpmorgan slicing vf to $100 a share. they are a bit behind the stock. it's below that at $85.70 a share. let's take a live shot of joint base andrews at the moment, where president trump has just left the white house and is heading there. he did not speak to the press. but as he heads to the joint base andrews, he is heading to florida and we should talk about the fact that saudi relations have been a hot topic at the white house today, after yesterday's report that saudi crown prince mbs, mohammed bin salman, hacked into amazon ceo jeff bezos's phone. to blake burman at the white house. blake, we understand that you were able to ask white house deputy press secretary whether the white house has a reaction to the possibility that the crown prince of saudi arabia hacked into the phone of jeff bezos. reporter: it is an unbelievable story, when you talk about if not the world's wealthiest individuals, one of the world's wealthiest individuals, jeff bezos, a private american citizen, and the report that the

saudi crown prince, mohammad bin salman, reportedly hacked into bezos's cell phone in 2018. i did ask the deputy press secretary hogan gidley a couple questions today. one, first off, what is the white house response to all of this, and then secondly, should american businesses, should american ceos, should they have reservations, at least does the white house believe they should have reservations about doing business with saudi arabia. this was his response here. listen. >> saudi arabia is obviously a partner and ally. i'm aware of the reports. i don't have any more information than that. we obviously take those situations seriously and so when we have something more, i will let you know. reporter: the white house says they should -- the situation should be taken seriously. the pressutreasury secretary st mnuchin when asked about this said quote unquote, absolutely when asked whether american ceos should be doing business with saudi arabia. by the way, gidley was asked

about whether or not there could be an investigation, the united nations has called for an investigation into the incident. he would not comment on that matter. you might have just heard all of that noise behind me there as i was talking. i can tell you now that he's left. that was indeed president trump leaving the white house and we should see him over there at jba in a few moments' time. liz: he did not take questions, correct? reporter: did not. no. that was literally marine one lifting off there as we were talking. liz: blake, thank you very much for that report. the markets appear to be siding at this hour with the world health organization. how do we know that? stocks are well off their session lows. this even though singapore has now confirmed a case of the deadly coronavirus. the world health organization announcing from geneva that for the moment, this came out this afternoon, the mystery illness which has now killed 18 and sickened more than 600 is a china emergency only and the w.h.o. is not recommending any broader restrictions on travel

or trade. yet just yesterday, lori garrett, the pulitzer prize winning author of "the coming plague" gave us a very different reaction to the w.h.o.'s lack of emergency response. listen. >> -- such an immensely powerful economically critical nation as china is, 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: you do have three different cities in central china that are now quarantined, equalling about 20 plus million people. i happened to be in walgreens in fort lee, new jersey of all places last night, and here where we don't even have any cases, i witnessed two people in a short span of time asking to buy face masks. they are pretty much sold out everywhere. in hong kong the prices jumped for a box of them to about $2,000 a box. while the w.h.o. does not think this is a global emergency, what would a further spread of this

deadly virus do to the global markets and the economy? let's bring in our traders. sarge, should investors expect the markets to continue to brush off the news or might it get worse? the dow is down 15. had been down 219. minutes ago we had the s&p turn positive and the nasdaq, too. >> i tell you, i'm a little surprised. i think we have to prepare, not that i expect the worst, but i think you have to manage your risk. that's what traders do, that's what investors and folks at home should do. maybe you don't want so much exposure to airlines, to casino stocks, to disney right now, to anything related to travel, anything related to the international tourism such as retail. i took some macy's off myself just the last couple days, why, because i had a profit in the name that i needed to protect and even in their own earnings reports they tell you how important international tourism is. i took some wells fargo off. why? not that i really want to get out of it. i'm not even making money at this price. liz: we are showing the airlines

right now. they are all having a lovely day, probably because they feel there will not be further issues at airports or at least for the moment. that could change. is it dangerous to own airlines at the moment? >> i'm not telling you to get out of these names. i'm not out of the names i'm mentioning. i reduced my exposure. i think it's more important that you manage your risk, that you get yourself out of the trouble you might get in before you get in it. hey, if you are worried -- if you want to try to make some money, i wrote it down here, novovax, that's a stock that supposedly they are working on a vaccine. buy some kohl's. that's what i did. i never heard of the thing. i bought some kohl's. liz: phil, hong kong and china are canceling the lunar new year holidays, where there could be large gatherings of people. imax has announced it will hold off on putting out its new slate of movies for the lunar new year. the stock is really getting hurt on that. you got to anticipate as a trader, do you not, exactly what

sarge is saying. you have to look down the line and see maybe what's next, not necessarily sell right out but take some off the table? >> absolutely. that was one of the things i was warning about early on when i saw this story start to break. we do have the template. we have been through this before. i remember quite clearly trading through the sars epidemic and the impact that it had on the global economy. admittedly, most of the impact was short-lived and everything recovered but initially, it definitely gave a hit to gdp. i remember in hong kong, the gdp fell by 2%. we saw the demand for oil plummet. liz: oh, yeah. >> nobody traveled. i remember we were trading oil, we were rooting for oil to get into the $40 a barrel handle. it was in the 30 handle after sars, it pushed it back into the 20 handle. we really didn't recover on the price of oil for over a year. what concerns me right now -- liz: oil down 2% in the aftermarket at the moment. earlier, it was below $55 a

barrel. i saw it at $54.99. >> yeah. i think the world health organization, when they came out and said hey, this is not a global problem, the oil traders bought back in but they're cautious. that's where they will feel it first is in oil demand. >> you know, adding to that, guys, i heard that interview you played for us, liz, yesterday. i thought she was fantastic. earlier in the day, on fox business, there was a guest that mentioned how crowded las vegas usually is during the 15-day spring festival which starts this saturday, i believe, and that's probably not going to happen this year. that impacts not just the local economy in vegas but the economy of the west, basically. liz: gentlemen, thank you. let's not forget, could be a buying opportunity when they plummet, right? we appreciate it. when we come back, byron wie, the guru of wall street here with serious predictions on everything from phase two of the trade deal to electric missiles.

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liz: to the trade wars. commerce secretary wilbur ross telling fox business in davos today that deals with the european union and the united kingdom are on the table for

2020. one glaring omission he didn't mention, phase two of the china agreement. our next guest is one of the most iconic figures on wall street and he's ready to make his prediction on phase two even if wilbur ross did not. we welcome byron weim joining us in a fox business exclusive. wilbur did not mention it. will we see a phase two of the china agreement this year? >> liz, how long have you been talking about phase one? it took two years to do phase one. phase two is much more complicated. it's going to take certainly more than a year to do that. so i don't think we will see a phase two before the election. liz: well, okay, but we saw herky-jerky discussions and now that phase one certainly maybe greased the wheels, you still say no? how about at all? >> no, i think there may be a phase two deal but there were a couple of important things left

out of phase one. the first is china was supporting state-owned enterprises with significant financial resources and you know, we view that as not a level playing field, if they are really sponsoring their own independent companies. the second is, phase one was weak on surveillance and enforcement. those will be the elements of phase two and it will take a long time to work them out, in my opinion. liz: yes or no, will there be a phase three, four, five or will we end at phase two? >> hopefully phase two will do it. but i think it will take awhile to get it. liz: all right. let's talk about boeing because it's a trade related stock but on top of everything else, it's actually moving higher today. it has been beleaguered with the 737 max jet. we have seen a couple downgrades of the stock. what's your prediction on the max problems and how boeing, how

quickly boeing gets over them? >> you will see the boeing 737 max flying this year at some point this year, with passengers. now, they've got a public relations problem to deal with and the question is, how many people will sign up, but the plane will be approved and all of the problems with the hardware and the software will be solved before year end. liz: would you buy the stock here? would you recommend it? >> well, i don't want to get into trouble. i'm not supposed to recommend individual stocks. but it was one of my ten surprises. liz: okay. a and you believe it will happen sometime this year, unlike phase two. let me get to iran. we had some real tensions just a week or two ago with iran. as we watch the president walking from marine one at this very moment to air force one, heading to florida, recent tensions certainly ramped up

fears. what happens next? what does iran pull next? >> look, iran would have retaliated in some significant way to our taking out the second most important public official in that country, but then they downed a ukrainian airliner outside of tehran and that embarrassed them terribly so as a result of that, you haven't seen any significant retaliatory action other than the first wave at an american air base. so my view is there's more trouble ahead. i just don't know when it will start. liz: finally, i need to get your thought on electric vehicles. quite the predictions flying around everywhere, whether they will start to really be part of the collective driver group in america or they will scale back. what's your prediction? >> my prediction is later rather than sooner. think about it yourself. when you are driving around or

being driven, it's okay on a highway. electric vehicles i think or autonomous vehicles can function effectively on a highway, but you get into an urban situation, i just came down 47th street, people are darting in and out, you know, all the time. you've got to have somebody behind the wheel. liz: we will be watching it all. that's autonomous but electric vehicles. you still think that that's going to be an issue? >> oh, electric vehicles are definitely going to be here. but autonomous vehicles i think are going to be deferred to sometime in the future. liz: i'm glad i actually made sure to qualify that, because i think it's important. you are seeing a lot more of these. thank you. great to have you on your predictions. >> always good to be with you. liz: dow 30,000 this year? >> sure. liz: okay. sure, whatever you say. fine. 35,000, byron? >> i think in terms of the s&p 500 and i think that will get to 3500.

if that gets to 3500, the dow will get to 30,000. liz: wow. all right. watch for 3500, everybody. byron wien of blackstone, thank you. wait until you hear what the man known as putin's banker thinks about electric vehicles. his opinion may surprise you. andr andrey kostin joins us from davos. he's not shy about president trump's environmental policies and calling them out, next on "the claman countdown." with the closing bell ringing in 39 minutes and the dow down about 29 points, we are at 29,156. don't go away.

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forum, they did a little investigating. according to a new report, swiss police say they suspected two men who claimed they were davos plumbers of actually being russian spies. authorities suggest that two russian men who were posing as tradesmen this summer in order to perhaps bug world leaders and the hotels that all of them stay at were, in fact, russian spies. all right. that's it. andrey kostin is known as vladimir putin's banker but as the ceo of vtb bank, for years he's been one of the busiest business figures at the global forum even as his bank enters its fifth year on the u.s. sanctions list. he joins us now from davos. andrey, good to see you. let me begin with life and business under u.s. sanctions. it's been half a decade now. how has your bank adjusted compared to the first year of u.s. sanctions?

>> well, you see, we are developing over six years and i think we are doing quite well. last year we made good profit, so we are doing reasonably well. of course, of course sanctions do not help. we could do much better without sanctions. so nobody likes sanctions. but we have to cope with this somehow. liz: you yourself were placed on a list of russian individuals who have been sanctioned. which leaders, because i remember you telling me certain leaders, some u.s. leaders, would not a couple years ago meet with you. which ones still won't meet with you in davos because of that status? >> you don't today meet with the leaders or even the senior bankers who i know very well, because i think sanctions are sanctions. i should behave myself. but i definitely, i spoke

yesterday, i think the sanctions are very much unjustified because i didn't do any wrongdoing towards america but you know, we are talking about big politics and i'm just victim of big politics so i continue to do my business, so unfortunately, cannot travel to america, but maybe one day will come. liz: initially set for december, we should talk about the russian stock market, because russia is set to launch a stock exchange specifically for sanctioned companies. what's the strategy there? i find that very interesting. >> you know, in general, russian stocks were doing very well. i think the stock market increased by more than one third last year. but again, talking about sanctions, the special stock exchange, we are not part of this but it's mainly for the companies which can't be listed anywhere else. i think that we have to find ways how to deal with this, and that's why we are trying to --

these companies that cannot be listed in moscow, they will have a special facility for this. liz: russia is very much on a fossil fuel economy, whether it's natural gas on the pipeline with europe or outright crude oil. davos, the big discussion there is about sustainable energy and cleaning up the world so that we don't face climate change. how do russians view that? >> you know, definitely fossil fuel will be extracted and used, and look at the automobile everywhere from china and india -- liz: you mentioned the automobile. anybody in russia drivinghybrid? >> i like electric. i personal drive. i love it. but it's still very expensive for the russians and quite difficult to maintain because of the charging and so on, so

forth. i think we have a reasonable approach. we understand there should be clear energy, that companies should spend more money on environmental protection, for sure. liz: do you think vladimir putin believes in climate change? is he concerned? have you heard him ever discuss that? >> not personally, but he went to paris and signed the agreement so i think he cares about environment. liz: let's keep on the president putin track. your bank is part owned by the government. less than a week ago, president putin triggered a major political upheaval by announcing he called it constitutional reforms that basically led to the resignation of the government. these reforms shift the balance of power and some say it shifts right to him. his term is up in 2024. is he making a power grab in anticipation of that? >> liz, i will be absolutely honest with you. i think these are two different issues. first change of the government, he understands he's a great politician, i think he has a

feeling the russian people, the society needs some further, you know, dynamic moves and that's why he decided for a drastic change of the government, the ministers were changed and the new prime minister came, very technological guy, digital person, and very energetic so we can expect things start to move quicker from the point of view of the government. the second of course, extremely positive issue, is constitutional changes. i'm unfortunately not a constitutional lawyer. i still cannot judge who has more power, who has less, but as i understand, the president will have less power, the state council and parliament will have more, but whether mr. putin is thinking about his own position within this structure of power, nobody knows. liz: andrey, good to see you. i know that you are a fixture in

davos and we will be watching everybody with whom you meet and all of the developing stories. thank you for joining us. >> thank you very much. liz: if you are asking what kind of electric vehicle he drives, i asked him. he drives a tesla. there's a lot more of my interview with putin's banker online at lizclaman.com. we talked to him not just about the russian stock exchange that's outperforming the s&p 500, but more about what it is, what putin's economic reforms have and have not done. it is not just moscow and st. petersburg. you have to figure there are a lot of people who are hurting economically outside of the big metropolises. i talked to him about that and he kind of calls out president trump about his stance on climate change. we will post all of it to our facebook site, facebook.com/lizclaman. follow me @lizclaman. we have 99,000 plus followers, pushing for that 100,000 mark.

join "the claman countdown" team. stay tuned. we'll be right back. in the meantime, he could go from the big screen to the big house. with the closing bell ringing in 28 minutes, the dow has now turned positive along with the s&p and nasdaq. walker or no walker? we have seen both ways with former hollywood mogul harvey weinstein as he shows up to court today. he heard graphic testimony as did the rest of the courtroom from witnesses in court today at the sexual assault trial, as he faces prison, one businessman has been there. jordan belfort, better known as the wolf of wall street, paid his dues to society for financial crimes and now is focusing on his second act. he joins us next on "the claman countdown" on the markets and more. and i'm still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem.

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liz: let's take a look at pictures of actress annabella sciorra, arriving at manhattan criminal court. this before she testified the disgraced hollywood mogul harvey weinstein raped her. she starred in "copland" among other movies and is among the first accusers to testify in the trial against weinstein who ran miramax and the weinstein company. those companies produced multiple academy award winning films. he is accused by more than 80 women of allegedly violent sexual behavior. whatever the outcome, we bring in another famous figure whose transition from the big house to the big screen, the opposite move here. the wolf of wall street, jordan belfort faced the judicial system himself for a financial crime, stealing from unsuspecting investors. he did 22 months in prison for his crimes and then wrote a book about it which was recounted in the film "the wolf of wall street." jordan, good to see you again. thanks for coming on. >> my pleasure.

liz: harvey reportedly thinks he can make a comeback after this. what would you say? >> you know, i think, you know, america loves comeback stories but i think some of the things that he did, if again, you know, they got to be proven to be true, that's what the court of law is about, right, if it turns out that what people are saying is true, which it very well might likely be, then the chances of making a comeback are zero because i don't think anyone wants a sexual predator coming back. a very different thing. i don't want to judge until, you know, the truth comes out and -- because that realwho really kno? liz: in this country you are innocent until proven guilty. >> looks bad. looks pretty bad. liz: excruciating testimony apparently in federal court today from that actress. if he heads to prison, he may face -- he does face, i believe, life in prison if found guilty. what does he face, i'm not quite sure how this all works, he would probably go into a different type of prison than you went in. >> he is not going to have a

good time there, because there's a very big difference between someone who has a financial crime versus a sexual predator. he's going to just have a terrible time. he has to be in protective custody and even then, you're not safe. if he did that, he probably deserves what he got but again, i don't want to judge him. again, like you said, innocent until proven guilty and this is an important thing that has to come out now, what really happened. liz: when you went to prison, were people, fellow prisoners, were they angry at you for having stolen money from unsuspecting investors and then squandering it? what did they say to you? does it work like that, where you talk about your crimes? >> no, i mean, the difference with me is that when i was -- i was guilty. a lot of people in jail say they're not guilty. i was like the only guilty man. i did it, i made a mistake but listen, there was none of that. that stuff doesn't really matter. the only thing is sexual crimes

and crimes against children that people judge you on. it just was never an issue at all. liz: of course. let's talk a little bit about your transition, when you got out. you were able to sell your memoir and now you are actually suing, the movie was such a huge success, in fact to this day, i believe it is the most successful movie that the director has ever done, and you know, you are suing the red granite film company, correct? what's going on? >> ironic. how ironic, right? so yeah, well, listen, so the way it works is there's a lot of rights that are there and when they bought the rights from me, i didn't know what was going on, that they had stolen the money from the malaysian government and because of that, any other case, it would already be a tv series, a lot of other things. they have chosen to sort of bury the whole thing. they don't want publicity and that's not fair to me and also, because the government is my partner, half of this will go back to investors if i write a

tv series, investors will get more money. they will get their half so these rights should be taken out there and be exploited and everyone will make money and investors will get paid back but their attitude was no, you know, we want the whole thing to die. that's just not the way the law works. i have rights and the government's got rights. so there you go. it's going to be a tv series and the screenwriter who adapted the book, it will be amazing and i'm excited about it. liz: always selling. you've got the wolf's den as a podcast. i should ask you this so that we see your face when i ask you, isn't it ironic that you are on the other end of feeling that you have been stolen from? >> that's what i said, how ironic, right? liz: how does that feel? >> listen, it's not so much that i feel like i was stolen from as much as i was just -- the whole thing is so shocking,

like what happened, like the money was made with stolen -- the movie was financed with money stolen from a government. you know, who would suspect that, right? i think it feels strange, it feels ironic. and at the end of the day, i think this is a tv series that really people are going to love and enjoy and so it's going to happen. as you said, it's very ironic. liz: the good news is if you make more money, your victims get more money. >> exactly. they get half of that. exactly. it's wonderful. the government will be part of that, my side the whole way through will be something great. it's going to happen. i'm excited about it. liz: check out jordan's podcast, the wolf's den on the wolf of wall street youtube page. jordan, thanks. don't miss this week's edition of my podcast, everyone talks to liz, featuring the co-founder, such an incredible story, and very first ceo of netflix, mark randolph. you've got to hear his story of how he helped turn this movie

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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: the battle for subscribers, front and center for comcast today. the media giant and parent of nbc universal warning investors that they should expect bigger declines in video subscriber numbers this year due to consumer trends and planned rate increases.

comcast getting hammered, down 3.5%, but according to steeple, comcast's bad news is great news for netflix, which is jumping nearly 7%. according to analysts, the loss of subscribers in the cable telecom and satellite video industry should actually be a hopeful sign for the streaming giant. he also says he sees no end in sight to shrinkage that's hammering the cable and satellite industries. shares of netflix are now standing at $348.50 for a gain of about 22 bucks. connell mcshane, are you a cord cutter? i'm not. connell: yes, i am. i have all the channels including fox business. i dvr "after the bell." liz: is the quality good enough? connell: it's great and the price is good enough. it's a big savings. that's why these trends are going to continue, people like us who work in tv -- liz: i talk about this all the time and i still haven't cut the cord. connell: youtube tv is great.

you have netflix and the whole thing. i still have all the channels. not like i don't have tv. i just don't watch it through a cable box like everybody else or a lot of other people. coming up "after the bell" on youtube tv and all kinds of other places, even on your best basic cable company out there, we have a football player coming on, but not to talk about football. he's now in the world of business. he's dhani jones. he had a good career in the nfl as a linebacker. he will talk about politics and make a presidential endorsement. that's kind of fun. that will be next hour and a bunch of stuff on everything going on in the world. we will see how this market, which has been interesting to watch, closes up in ten minutes. liz: already the s&p has managed to see that gain which is impressive and the nasdaq is green, the russell transports -- connell: nothing keeps it down. liz: nothing. good to see you, connell. thanks. closing bell ten minutes away. national economic council director larry kudlow told me right here last week at the white house that charlie gasparino was quote, out over his skis on charlie's report that tax cuts 2.0 were coming.

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the market moved on my report early today on "varney & company" that the white house is mulling some sort of fiscal stimulus. now, we should point out, the white house did not comment on that possible payroll tax cut which i believe larry kudlow talked about in the past and something with the earned income tax credit. liz: that was charlie gasparino last wednesday reporting that the trump administration is working on a new tax cut plan, just two hours later at the white house, i asked director of the national economic council larry kudlow whether charlie's report was on point. >> reporting specifics, the specifics don't exist. we're looking at a variety of

tax cuts, sometimes making permanent, some existing tax cuts, some existing corporate tax cuts, there may be some new wrinkles we don't know about. no commitments have been made. liz: then yesterday, president trump said this in davos, switzerland. >> no, no, i'm going to make a tax cut and we're probably going to 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. liz: yes, charlie gasparino's here. take your told you so victory lap. charlie: billions and billions of dollars in tax cuts. just so you know, i thought reading the transcript of you and kudlow liz: he said i were over my skis. >> you brought up walter winchell and red dresses. liz: i said what is gossip. history running ahead after red dress. >> my sources are congressional sources talking with white house people about a whole array of

things. payroll tax cut was one thing they bounced around. that doesn't mean they're doing a payroll tax cut. but they are doing something with tax cuts, filtered to the hill, filtered to me. i screwed up their little, they were planning some big press event on this thing. i got ahead of it. as you know the president is confirming, we should point out that day he was signing phase one of the tax deal. liz: trade deal. >> trade deal, i'm sorry. the markets did not move on that. they moved on the fox business report. right here, this is the power to prosper at this place. one other thing -- liz: i'm not sure. i think some was signing of the tax cut, trade deal. >> all i can tell you, all i can tell you the minute my tweet hit, i went on "varney" to first talk about it, market shot up. it got retweeted by zero hedge. liz: you got something on the

market stories. >> i don't likelyoff stories. i was laid off before. rye view coy many -- viacom planning significant layoffs. the document we've seen, we should put it on the screen, the date these layoffs begin, is april of this year will be rolling layoffs. basically said these are merger related layoffs. layoffs are economics. bob bakish, ceo of viacom cbs. they will try to squeeze 500 million in cost savings out of this merger. that often includes people losing their job unfortunately. bob bakish yesterday, began discussing merger related cost savings with senior executives. this now in play. one other thing, new york state labor department mandates any major company that has layoffs more than 250 people to alert

them. and so this is more than 250. this will be a significant round. liz: charlie, good stuff. thanks, charlie gasparino. look how the asian markets closed and it was not pretty. the shenzhen had biggest drop in eight months. the shanghai index got clobbered. cost kospi got clobberedded. pete lloyd is focusing in on merge merge markets in asia. he says invest there. you're not worried about the coronavirus? >> you're always worried about everything. to put it in perspective we're long term investors. we think underperformance in emerging markets is been around for a while, compared to domestic stocks we would start allocating a bit more to emerging markets than what we've done over the last few years. liz: which companies in particular, i think eastern europe you're interested in?

>> i think a thawing in europe and spell over into eastern europe. asia, hard to call china a emerging marketing market. they still get the label. i think you want to be more selective and probably very selective in the south american, latin american countries. seems more trouble getting traction there. eastern european will benefit from european slight bounce they will have as well as we think asian emerging markets. liz: matt, you have 31 billion in assets under management. you're definitely doing something right now. what is your biggest holding right now. >> we can't discuss holdings right now but focus on income investments in especially in the equity side we think that is one of the best place to be. both large cap value companies here which has been underperforming for a while. late-stage cycles. financial sectors. energy and material sectors. any large cap dividend companies pretty much where you want to be in the next few years.

liz: matt lloyd, chief investment advisors at asset management? closing bell rings] the dow not able to pull out of the red sea. it is red record day for the nasdaq. connell: the dow finishes way off the lows. comes back 200 points or so after the world health organization announcement saying that the virus, coronavirus in china is not an international emergency and that seemed to do it for the markets . i'm connell mcshane. deirdre: i'm deirdre bolton in for melissa francis. we have fox team coverage of d