so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria: thanks for joining us, everybody. big thanks to dagen and veronica in new york. thanks, ladies. >> thank you. maria: have a great weekend. see you next week. "varney & company" begins right now. have a good day. stuart, take it away. stuart: good morning, everyone. good morning, maria. china, desperate to contain the virus. xi jinping, pressured on all sides. he's got to get a grip on this and it's going to be tough. at least 26 dead, at least 800 infected, 35 million people now living under a form of quarantine. step back for a moment. today, china's big holiday begins, the lunar new year celebrations. many have been canceled. travel, restricted. that means a likely slowdown for

china's economy. that could ripple out to the rest of the world. now, that's economics. politically, xi jinping faces a very big test. he holds maximum power and with it comes maximum responsibility. he must deal with this crisis and if he fails to perform, he's got a leadership problem. as far as our market is concerned, the virus may be holding it back just a little, but the impact seems to be fading, even as the crisis deepens in china. the dow is up 77 in premarket action. s&p up 6, nasdaq up 26. a modest bounce this morning. here's the story about america's stellar economy, which is not being recognized. larry kudlow told lou dobbs last night that european executives at davos were surprised at our economy's performance. they were not aware of trump's economic success, really? clearly, they don't get out enough or the hate trump media is alive and very well over there just like here, they only

care about dragging our president and our country down. we'll deal with it. the friday edition of "varney & company" is about to begin. stuart: all right. the virus. here we go. susan li is in washington. the very latest, please? susan: we have one confirmed case in the u.s. but now authorities have reached out to 43 individuals that this patient may have come in contact with. also, we are hearing that ten are being closely monitored in california at this point. those that have recently traveled to china. one potential case in texas, a texas a & m student and the people he may have been in contact with over the last few days as well. now, this as cases have jumped by 30% overnight so 830 cases in china, 250 cases being reported, new cases being reported in just one day. as you mentioned, the death count has risen to 26. this is a really busy chinese

lunar holiday season where people are traveling and then tourist spots are being shut down as well. the forbidden city in beijing is being closed. also parts of the great wall and china and beijing itself have now canceled the chinese new year celebrations. this as the virus continues to spread around the world. we have three confirmed cases now in singapore, vietnam has also been spread to and then as you mentioned, across hong kong, macao has two and the rest of the world. europe closely checking, australia possibly has a case. this is very concerning outside of chinese borders. i have to point out the w.h.o. yesterday refused to call this a public health emergency. stuart: as i understand it, there are 35 million people in china and i believe it's around hunan. susan: province, yes. stuart: that's a quarantine situation for a very large number of people, is that accurate? susan: very accurate. multiple cities, 35 million as you mentioned, from what i see, close to 12 cities are in some sort of lockdown quarantine

mode. this is unprecedented, by the way, in china. can you imagine 35 million, that's a population of canada being locked down and not being able to travel. i think that's a very severe sign. stuart: drastic measures for a real crisis. susan, thank you very much indeed. staying on this virus, i want to bring in china watcher gordon chang. to me, this puts enormous pressure on xi jinping and he's pressured from all sides. >> certainly. especially after this crisis is over, then the blame game at the top of the communist party starts. it's not just this virus. it's also going to be the november 24 elections in hong kong, complete repudiation of china's candidates, a complete repudiation of china on january 11th in taiwan, you have the slumping chinese economy which is not being helped by this crisis, and you know, the list just goes on. he's got to be in trouble. stuart: he's got to perform, as the chief executive of the country, he's got to get this crisis under control. now, if he doesn't, do you think

he loses a degree of power, or does he have some kind of revolt from the politburo? is that possible? >> almost anything is possible, including him being tossed out. now, china's political system tamps down dissent. wuhan was the first big city to have protests so it's not a happy place to start out with. there's rage and because of the clamp-down in the last three or four days in the communist party in the area, it is just, i think, creating a purcharessure cooker. stuart: am i going overboard if i say this is make or break weekend for xi jinping in china? is that going too far? >> i wouldn't say it's the weekend but it's certainly the make or break crisis, because remember, stuart, this crisis has been either caused or aggravated or both by the communist party. the daily mail is now saying, suggesting that this was created by a breakout from a level 4 lab

which is only 20 miles away from the source of the outbreak in wuhan and you got to remember, it was only five days ago in wuhan that they had that banquet for 10,000 families because they wanted to get in the world record book, and this was on the eve of perhaps the worst epidemic in this century. so people are blaming the communist party for this, of course, because they were completely oblivious or almost oblivious to this until just about three, four days ago. stuart: fascinating. gordon, thanks very much. right on the ball there. appreciate it. thank you, gordon chang. how does this relate to us and our money? market watcher jonathan hoenig with us. jonathan, these events like this virus tend to be short-lived in terms of their impact on our market. what do you say? >> on our market, yes, but you have to be seriously concerned if you are in china or investing in chinese stocks. look, the good news is that these horrible types of whether it's sars or coronavirus, they tend to happen in third world

countries. frankly, as gordon alluded to, in less capitalist countries. america, keep in mind we invented hand sanitizer so this isn't going to affect our markets as much as it's going to affect those emerging markets, places where this will spread and spread quickly. in fact, it could even help some american companies, a lot of those small scale and small cap virus manufacturers have shot up 40% and 50%, very small stocks, but they are already reacting on anticipated need for a virus to solve this issue. stuart: hold on a second. i will deal with a couple earnings reports and the impact on their stocks. first of all, american express. they reported early this morning and they reported higher revenue. let's see if we can get the stock up. this is premarket. it's up three bucks. that amounts to 2.3%. nice gain for amex. intel posted strong posts. they got a boost from personal computers and data center chips. look at them go, 5% up for intel. $3 higher at $66. broadcom sealing a deal to put

components in apple smartphones. that's very very good news. the stock's up 3.5%, $11 higher. now let's switch gears for a moment. white house economist larry kudlow on lou dobbs last night, talking european executives saying they were surprised, european executives surprised by our economic success. watch this. >> we visited with a lot of the ceos at several dinners and lunches and whatnot. probably a couple hundred ceos. and what i heard again and again was oh, i had no idea of the facts, i had no idea of the achievement. i think one of the -- well, actually, there's something to that. i mean, again, this cognitive dissonance that's running around in the country with bad information. stuart: actually, it's distorted information if you ask me. how is it that european executives at that level had no idea about our success? what the devil's going on?

>> i'm kind of surprised about that. european executives, they are very aware that america is where it's at. america is the strongest economy, the strongest market, probably in history, certainly in our lifetime, and european executives unfortunately i think don't understand why. that's of course we are the most free, the most prosperous economies are always the most free and so much of europe is suffering under decades and decades of an entitlement state, big taxation, big government and businesses oftentime are stuck in the middle of that. they are wondering why is america so prosperous, it's because america is so free. stuart: open your eyes, you socialists. gaze upon capital success. isn't it great, jonathan? ain't it great? >> god bless america. stuart: yes, sir. thanks for being with us. see you again next week. got it. check futures. still moving up at the opening bell. it's a friday morning. 60 up for the dow, 5 for the s&p, 25 for the nasdaq. happening later today, president trump attends the march for life rally in

washington, d.c. he's the first president to do that. you are going to watch it and see it right here. coming up on your video screens, mexican security intercepting buses filled with hundreds of central american migrants. they were making their way to the u.s. mexico has sent them back to their home countries. in our next hour, i will talk to tom homan, the immigration guy. has the tide turned? good question. and we have this. a father confronting elizabeth warren over canceling student debt. she played defense on this one. he was mad. we'll be back. we're carvana, the company who invented

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stuart: a tense exchange between elizabeth warren and the father of a college student. watch this. >> my daughter [ inaudible ] i saved all my money. am i going to get my money back? you are going to pay for people who didn't save any money, who didn't do the right thing?

>> [ inaudible ]. >> my buddy bought a car, went on vacation. i saved my money. he makes more than i do. i worked a double shift -- you're laughing. we did the right thing and we get screwed. stuart: whoa. jonathan hoenig, sorry to dismiss you a moment ago. come back in. the man's got a point. he scrimped and saved and everybody else gets it for free. what's going on? >> this is so inspiring, a very honest moment. it almost reminded me of 2008, the joe the plumber moment where barack obama said no, we're just going to spread the wealth around. a very honest question from a middle american, regular everyday working guy. his question is very spot-on. this is basic fairness, stuart. why are those who are responsible, who pay their debts, punished so others can just get the free ride from government. warren's response i think was just so disingenuous, such an insult, it just reeks of that collectivism, exactly like obama, that notion of we are all in it together so you got to sacrifice for the greater good.

stuart: glad we held you over there. that was good stuff. thank you. now let's bring in senator mike braun, republican, indiana. mr. senator, i'm sure you heard that exchange. what's your reaction? >> that's just part and parcel of once we get through impeachment, the whole idea of green new deal, forgiving student debt, when you've got a father like that that makes a great point, analogous to folks that come into this country legally talking about illegal immigration. we got so many other things to talk about, we are being dominated now by a process that we will get through and we will get back to stuff like that but when you actually see president trump go up against the agenda of the democrats whether moderate or extremists, that's when the american public will really sit up and pay attention. stuart: i've got to ask you about the impeachment trial. i know you've got to be there. how are you holding up? because from a distance, i mean,

i can't bear to much wa watch i television but from a distance it looks thoroughly boring and looks like it's degenerating into farce. >> the only way you can be enthralled by this is if you didn't listen to any of it in the house, and there were three versions there and i watched it closely, and there's not one new piece of information that has come forward. it's repackaged, remarketed, and you know what happens when you do that, that means it's a flimsy product in the first place and we are getting through that. one other point. a good friend from my hometown, jasper, indiana, president of the school board, i served with him for four years, or for ten years several years ago, says don't lose sight of what we see which is a partisan effort to take out a president, you know, to delegitimize the election in 2016 and he said that's what's going to drive the public as we get through this impeachment farce that's based on a flimsy

circumstantial case, on a quid pro quo. there was not an actual quid pro quo so they are trying to build a circumstantial case. it's not going to work. stuart: i just want to carry this forward, because you have a news conference coming up in two hours with senator lindsey graham. give us a preview. what's this about? >> well, probably lindsey and i along with a few others, every other day or so, are going to get out there and make sure that the public is hearing, you know, what's happening here in impeachment. chuck schumer and many on their side have been trying to bolster the case and we heard it ad nauseam now for two days. finally it will be over. i checked the clock last night to see if they were going to use their full 24 hours. they had nine hours and 47 minutes left with exactly about an hour and 47 minutes to go so yes, we will hear another eight hours of it tonight. we are going to get our point of view out there so you don't possibly think that just by

getting overloaded with informati information. time of possession is not going to win this. it will be the underlying issues and their case is flimsy. that's why they think they can swamp us with overload of information. stuart: senator, you just have to put that fidget spinner away, stop doing the crossword puzzle and don't try to sneak out for coffee. >> and have a stash of snacks maybe in your drawer there which i think all of us have found a way to get through this. stuart: we feel for you, senator. we do. senator braun, come see us again. thank you, sir. appreciate it. now this. bayer facing its fourth cancer lawsuit in the united states over roundup. ashley: yeah. the ingredient glyphosphate. they had other cases and in each case, the verdict was against bayer.

this fourth trial scheduled to get under way today in st. louis which, by the way, is the headquarters of monsanto, that bayer bought in 2018. the case in this particular trial, there were four individuals who all claim they were diagnosed with nonhodgkin's lymphoma all because of roundup. from day one, from the very beginning, bayer denies all of these claims, saying that glytos n phosphate does not cause cancer. they say regulators around the world have approved this product. we have also seen big monetary awards against bayer in these cases. interesting to see how this works out. trial number four, bayer has lost the first three. there's more than 75,000 cases still out there. stuart: there is, i believe, talk of a settlement. ashley: possibly. stuart: looking at maybe $10 billion? ashley: the growing number of people who have brought suits

decided i'm going to go through with the trial. for bayer this has been a complete nightmare. stuart: ash, thank you. check futures. we are still -- actually we moved up a little. now we will be up 90, nearly 100 points for the dow industrials at the opening bell. our president, yeah, he loves to tweet. you know that. yesterday, he broke his daily tweet record. you won't believe how many times he did it. we will tell you after this. wh? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual.

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make the world you want. stuart: president trump broke his daily record for tweets wednesday. how many? lauren: 142 tweets on wednesday when the impeachment trial was going on here at home and the president was touting america abroad at davos at the world economic forum. 142 is a lot of tweets but 124 of them were retweets, retweets of his message how he's trying to communicate that, a, i'm watching the impeachment trial and this is what i think about it. stuart: i don't -- i'm not surprised at this. the media in america gives him a very hard time, is not objective, they hate him, so he tweets, goes over the top of everybody and starts his own news service. what's wrong with that? ashley: he talks directly to the base. stuart: exactly. all right. it's friday morning. we open the market, four and a

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we have david dietze, lauren simonetti and ashley webster. was that a thumbs up? >> it's friday. i'm here. stuart: careful, folks. we have a studio audience. it might get a little out of hand today. you never know. you never know. david dietze, these events like this virus tend to be short-lived, don't they? >> based on history, absolutely. go back to the early '80s to see something from hiv/aids where there's a long-lasting effect. nevertheless, you are not getting good information. the other thing i would look at is specific industry groups, specifically the gaming stocks. wynn gets three-quarters of its business from china. las vegas sands, 52%. mgm, 21%. that's very much exposed. stuart: ever heard of a black swan event? >> yeah. stuart: you know what it is, right? you can't forecast it, unexpected, hits you squarely between the eyes and wrecks your markets. there is some talk the virus is a black swan event. are you buying that at this point? lauren? lauren: i am buying that.

stuart: you are? lauren: yeah. it's going to be a temporary dip, then everyone will be fine. stuart: that's not a black swan, then. black swan takes you down and you stay down. lauren: a gray swan. stuart: in five seconds, this market opens. let's see what happens. three, two, one. bang, it's 9:30 eastern time on a friday morning. check that big board. they are not all open yet. they will. we are off and running. in the early going we are up 100 points already. 101. 29,263. that's a gain of .33%. look at the s&p 500. where's that? it is up .twooi25%. it is up. the nasdaq composite, up half a percentage point. that's a rally. al all-time high, 9,400. how about that. all-time high, nasdaq, opening right from the get-go. now let's get to the casino stocks. macao could close the casinos there.

the wynn gets 75% of their revenue there? >> absolutely. we know the chinese are big gamblers. we already see disney in shanghai closed. this could potentially close some of the gambling facilities. that will hit them hard. stuart: they were hit yesterday, hit a little more this morning. ashley: they could be forced to close. they are introducing temperature screening machines at every entrance into these things, and everyone that's working there has to wear surgical masks and also, they are provided with portable screening devices. so this has a huge impact on the gaming industry which to that part of china is massively important. lauren: local airlines are down, too, some double digits, because of this. go back to sars, passenger traffic was down over 70% in the immediate aftermath. it did recover but it's that immediate jolt which we might see. stuart: let's move on to biotech stocks. i presume what we mean there is vaccine kind of companies. they've got a nice pop because of this virus. these are the same companies

that popped yesterday and the day before. they are all up a bit more today. they are getting a bit pricey, though. none of them has come up with an answer yet. >> don't chase some of the smaller vaccine stocks. if the panel is right that we won't be remembering this a year from now, you will be caught holding the bag. nevertheless, we like gilead which has experimental treatment that may have application here. that's one to look at. stuart: ebola? >> ebola. stuart: the i ttalian pronunciation. amazon reduced the risk of this virus spreading because you don't have to leave your house. amazon's stock is up this morning. ashley: that's the good news. look, less people are out and about because they are ordering online. the bad news is in this day and age, social media can spread fear quicker than anything else

and they say social media spreads a lot of fake news farther and faster than it spreads the truth. so it's the good news, amazon helps reduce the risk. bad news, social media can flame it. stuart: two and a half minutes into the trading session and this virus has not hurt the dow jones industrial average. we are up over 100 points right now, 29,273. not bad, i would call it. the ten-year treasury yield. that's indicative. look at that. money is flowing into treasury bonds. that's a source of safe haven money. money flows in, the price goes up and the yield comes down. you are down to 1.71 right now on the ten-year treasury. the price of gold, where's that? it is down a bit, $1567 an ounce. oil took a huge hit yesterday, because of trouble, down a buck. i predict sharply lower gasoline prices. lauren: down 6.3% on the week.

stuart: going down. lauren: yep. stuart: i'm trying to get apple on the screen for you because we've got apple at $321, a new all-time high for apple. not bad. we will get it up there in a second. still up 100 for the dow industrials. new boeing plane could take off for the first time today but ash, it's not the max jet. ashley: no. it's not. this is the colossal 777x. this is an enormous plane, so big and the wings so wide, they actually have to fold in to be able to fit into the gates at airports. that's how big this thing. the largest one is the 777-9. it can seat more than 700 passengers. the biggest one up to now is the dreamliner that seats 330. they have had a problem, a little snag when they tested it. it was supposed to come out this year but had some problems when put under severe stress. they think they fixed that. this will be available next year. a ton of airlines signed up to buy this plane. stuart: come on. tell me, isn't boeing a buy at

$321? tell me. >> long term. it's too big to fail, it's a duopoly. they have had to borrow money that they could be at risk. if you are a short term investor, if they cut or reduce the dividend to save cash flow, how does the stock react? stuart: i bought it at $330. i didn't buy it for the dividend. i bought it because i expect the company to recover fully at some point in the future and i will make a capital gain. where am i going wrong here? >> sometimes you actually do well buying a stock when the dividend is cut because a lot of people just look at the income, not the long-term potential sell and you can take advantage of that. stuart: i bought too soon, is that what you're saying? i'm going to lose my shirt? >> join the rest of us. stuart: wells fargo's former ceo is getting banned from the banking industry. he's got a $17 million fine as well. if this is about the fake account scandal -- ashley: it is. this is a very very harsh lifetime ban from the banking

industry, massive fine of $17.5 million. investigators found as the ceo, he heard a lot of complaints from employees that said you are putting so much pressure on us and of course, what happened was they created potentially millions of fake accounts just to keep up with their quotas and he was the man in charge. one employee said this. he said i was in the 1991 gulf w war. it's hard for me to say and sad but i had less stress in that war than i did working for wells fargo. stuart: wells fargo stock has not recovered from that bank account scandal. went up a little, come back to the mid 40s. that's where it is. comcast posted a big loss because of cord cutting. that helped netflix. what's that all about? lauren: it was up big yesterday, up again today. comcast is losing subscribers. their streaming service peacock is not out yet. this is great for netflix because when you cut the traditional cable cord, what's bad news for comcast is good news for netflix. they have an early advantage here.

the stock is given a $390 price target. stuart: the streaming wars have to play out somehow or other. so far, netflix, the original streamer, if i can say that, are holding up real well, doing extremely well. that's the way it seems to me. dow industrials now up 120 points. i'm going to say it again. the impact of the virus is fading. maybe it's a little early to say that, but at this moment, even though the virus is still spreading, 35 million in quarantine in china, even so, our market up 120. lauren: incubation period of three to six days. stuart: so? lauren: so let's wait a little bit and see how contained this really is. >> nevertheless, the so-called experts at the world health organization declined to declare this an emergency. as a result, that lit a fire under european markets and i think that's helping us get off on the right foot today. stuart: can we check apple, please, one more time? i guess was it $321? my little phone says it's $321.

new record all time high. there you go. $321.19 was the actual all-time high. we stepped back to $320.92. anybody who owns apple will take it. you will take it. you will run with it. you will love it. ashley: and laugh the whole way. stuart: i can tell you what it's worth. hold on. $1.4 trillion now. 1.4, it's worth. take that. oh, look at the time. 9:38. sorry, david. you got to go. time's up. the big board shows a gain of 111 points, 29,269. there you have it. do you remember the cheating scandal surrounding the houston astros? we are talking baseball now. well, now draftkings, a user of draftkings is suing because he lost money because of their win. brian kilmeade on that coming up in our next hour. 83% of farmers approve of the president. it is the highest level of support for trump among farmers since he took office.

senator mike rounds from south dakota is going to love this. he's our guest next hour. on your screens, video of protesters shouting down former reagan economist art laffer while he's speaking at a college. that school rescinded censorship of conservative groups. our next guest made that happen. after this. uhh, excuse me, is there a problem here? you're in a no parking zone. oh, i... i didn't know. you didn't see the sign? that... that wasn't there when i was here earlier. (whimper) really? you know, in italy, they let you park anywhere. have a good day, sir. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more

on car insurance. (glass shattering) (frustrated yell) (car horn blast) (yelp)

[ shouting ] stuart: remember that?

that was november last year, former reagan economist art laffer, friend of the program, shouted down at a lecture in binghamton university. the school has, not sure i understand this, the school has rescinded the censorship of conservative groups. come in, congressman tom reed, who represents that district. what does that mean, rescinded the censorship of conservative groups? what's that? >> well, great to be with you. what we did is we went on to the campus of binghamton university, stood with the college republicans, stood with the organizers of this event, and had a great meeting with the university president, where it was indicated free speech at binghamton university is committed to it and just as i was appalled the way that art laffer was treated by these students, that accountability will be imposed and hopefully we can have art laffer back up at the university and engaged in american debate based on democracy and free speech other than what i saw which was just appalling behavior. stuart: rescinding the censorship of conservative

groups means in future, they will be allowed to speak freely. they won't be run out of town. is that accurate? >> that's how i interpret it. that's what we are going to hold the university accountable. as we go across the country, this fight needs to happen across the country. stuart: yes, it does. what happens to the students if they do it again? >> there should be immediate accountability and i can -- as i told the university president there in binghamton, i'm watching and i will show up just like i did here last week and i will continue to show up across the country with these young men and women that are true leaders, that are standing up for what they believe in and not afraid to stand up to this oppressive intolerant behavior you saw on the display in that videotape. stuart: the governor of new york state, andrew cuomo, wants to make the fracking ban in that state, in your state, permanent. no fracking, period. can never do it again. this story is near and dear to my heart. i'm a property owner in that area and i'm sitting on top of

all kinds of oil and gas underneath my property, and i can never go get it. now, what's the impact on new york state from this permanent ban on fracking? >> it would be devastating. it's already devastating enough. to make it permanent, take your property away from you, stuart, that so many other new yorkers own and have paid taxes on that property for years, lose. and talk about science deniers. we have been fracking for decades now and full fracking under this new technology, this ban in new york is about ten years old, eight years old now, according to the folks that are opposed to this, oklahoma, northern tier pennsylvania would be hazardous waste sites. they are not. they're thriving. and not to use science as the basis for this ban just shows you exactly what this is all about. an extreme liberal agenda being carried out in albany and the governor now is proposing to do that, listen to that voice rather than fight for new yorkers' property rights that are represented by this mineral

and oil rights that are being taken away. stuart: but you can't reverse this, can you? there's nothing you can do. new york state is thoroughly democrat -- i mean, not necessarily in your area, but it's a democrat state and has been for years and years and years. >> stuart, i think, you know, what's awakening in new york is what i see with charlie baker as governor of massachusetts, larry hogan as governor of maryland. we need a check on that state legislature, on albany, because one party rule by extremist is destroying our state and not only when it comes to fracking but understand what this fracking ban would do. it would also potentially be applied across the country by other states engaging in this. you just shoalwed oil prices gog down to one of our lowest numbers. when a crisis is going off in the middle east, as you know, with iran and other areas. we would be seeing double the prices at the pump. that's real americans getting hurt by an extreme policy of fracking ban permanently. stuart: there are 700,000

fracking related jobs in pennsylvania, ohio and michigan. they are swing states. the left wants to ban fracking. i can't see them winning those swing states with those jobs at stake. >> those people who live in those areas have embraced this and i will tell you, they are thriving. they are having great opportunities for their family, as represented by the use of their property in a responsible way. stuart: congressman tom reed, new york state. i think it's the 23rd congressional district, if i'm not mistaken. yeah. i'm near you. tom reed, thanks very much indeed. see you again soon. thanks, tom. >> always great to be with you. stuart: check that big board. holding on to a 100 point gain, to be precise 100.92. we just dropped to 99. we will take it. look at victoria's secret parent, l brands. gets a double upgrade from barclays, citing the potential for a shakeup from an activist investor. what about that. i don't know what a double upgrade is. i will figure it out. broadcom got a deal to put components in iphones.

that's very very good news for them. the stock is up 2.5%, up eight bucks. gerri willis at the new york exchange with more on that. gerri: that's right. the wireless components that broadcom is selling to apple, big $16 billion deal, this deal killing two companies that make chips used in phones. those two companies are saying they are going to weigh bids for the rf chip business owned by broadcom. i don't know why they would esel it now but i guess you can do that. we have seven wall street firms, seven wall street brokerages raising price targets. even so, skyworks is down, as you can see. they say it will go to 140. there is also a price target hike from jpmorgan chase as well, citigroup, to 118. let me tell you, chips are going to be on fire after that intel release on earnings last night. it's set to spark an entire resurgence in the sector today. keep an eye out for that, my

friend. stuart: yes, my friend, i will do just that. thanks very much indeed. let's give you an update on some of these retail store problems. the stationery retailer papyrus closing all their stores. what's the latest? lauren: 254 stores will close. if you want a discount on something for valentine's day, you can get between 20% and 40%. 1400 workers will lose their jobs. [ speaking simultaneously ] lauren: their cards and items are very expensive. they are very expensive. people right now are not buying traditional greeting cards, at least not $8 ones. they are sending text messages or doing digital cards. stuart: how would you feel if you received a discount valentine card? lauren: you would never know. nobody checks the price of a card. they don't like x out the back and say instead of $4.99 it's only $2.50. this reminds me of when borders

shut, the bookstore. it's a lost art. stuart: it is. it is. lauren: now another retailer is going out. liquidating all their stores. i better get valentine's day cards from both of you. stuart: a discount valentine's card has gotten to me. i'm the kind of guy who would give that kind of thing. lauren: you would give valentine's day cards or presents? stuart: not in the last 50 years. lauren: there you are. i'm demanding valentine's day something. february 14th, just so you know. stuart: we have a rally going on here. crack a smile, sports fans. we are at 29,239. we'll take it. look at tesla. whoa. that's been on a run this year. amazing. this calendar year, i should say. yesterday, one of our guests said that thing goes to $800 per share this year. but our next guest says he will make his case to sell the thing. we'll be right back. nah. not gonna happen.

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the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. stuart: friday morning, 23 minutes in, we're up across the board. dow's up 90 -- it appears -- all right, nasdaq up 33, s&p up 2.5 points. it's up. a guest on the show yesterday said tesla is going to hit $800 a share by the end of this year. right now it's at $569. he gave three reasons for this.

number one, they make cars that nobody else can, and they are good cars. two, demand's really strong. three, tesla can do it and make a profit. however, our next guest says sell this thing. garrett nelson, the analyst, joins us on the phone now. tell us why we should sell it, garrett. >> sure, stuart. thanks a lot for having me. this stock, if you look back to last june, the stock price has more than tripled so it's had a really meateoric run-up and we think the valuation is looking quite frothy as these levels. we think the stock is trading at north of 50 times our 2021 earnings estimate, so the market is giving them plenty of credit for future growth which hasn't even happened yet, and that really raises execution risk. stuart: so where do you think the stock is going? >> sure. so our 12-month price target is

$400. you know, a lot of the run-up, specifically that's happened in the last few weeks, we think is a result of short covering. so it's given the stock kind of a coiled spring effect. if you look back a few months, short interest was north of 20%. it has since come down to below 15%, so there's been a lot of capitulation from the shorts and they report earnings next wednesday. we think it's going to be very difficult for the stock to continue to move higher given that the bar has been raised so high. we just can't imagine what they would say to really move the stock higher from here, given the run-up that it's had. stuart: you are joining the argument and it's a fascinating argument, and there's a complete divergence of opinion on tesla. i guess you would also have to say this, only time will tell. that actually is the truth. we've got $800 from one analyst, $400 from garrett nelson on the phone. what a spread.

garrett, thanks for joining us. we appreciate it. we are watching tesla every single day just like you. thanks. two big stories for you at the top of this hour. number one, president obama does not think that bernie sanders can beat president trump and he may soon say that publicly. charlie gasparino broke that story and he's on the show. then the virus crisis in china. i say it's hurting xi jinping politically big-time and i will lay out my case. again, at the top of the hour. don't forget, 12:00 noon today, president trump participates in the 47th annual march for life. he's the first president, first sitting president, to join in. you can be sure that you will see it right here. this is fox business. and they lived happily ever after. the end.

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yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> when disaster strikes the top government official has to take charge and deal with it. that official's performance is

make-or-break. a hurricane in florida, a flood in new jersey, the state government has to step up. so it is in china right now. the top official is xi jinping, the disaster is the spreading virus. he holds all the power in china and with it comes all the responsibility. the virus is a threat to his power. he's the leader for life and is already pressured by events in hong kong and high -- taiwan and he had to give away on key issues to president trump as well. now a dangerous virus appears as people want to move around the country for the holidays. he has to contain it and can't cover it up. back during the sars outbreak, the chinese didn't report it promptly or take fast action even as it spread, 800 dead. he can't let that happen again. he's taking drastic action. people are quarantined. that poses big risks for the

economy. when travel is interrupted on a mass scale, your economy slows. the one thing china's leadership can't afford is a big economic setback, a recession upsets xi jinping's deal. he keeps absolute power, so long as the people keep getting richer. the virus is a real threat. one last point, think how the relationship with china has shifted. not that long ago china was riding high, threatening america's status as the world's number one power. now beijing is on the back foot. in xi jinping fails to get a grip on the virus -- if he fails to get a grip on this virus, he's in deep trouble. total power is brittle. one big failure and it kind of breaks. susan lee is joining us with the latest with the virus, how it's spread and what's being done to contain it. susan? >> we're in a building about to hear a committee meeting on the coronavirus. we just spoke to a doctor of the

nih, she says it is not a public health risk right now here in the u.s., but he is concerned about the levels and the rising cases over in china, especially the rapid spread we are seeing outside chinese borders. as you mentioned, with the chinese government and also xi jinping himself, the biggest issue that creates the most distrust and mistrust amongst the chinese population in china when it concerns the chinese government is over health issues, especially going back to sars in 02 and 03, didn't report the epidemic for months and stopping the who for coming in to inspect it. also cases with the poisoned baby milk powder and spreading of hiv aids in blood transfusions, this is probably the most sensitive issue in china when it comes to the chinese government. so president xi jinping trying to get ahead of it this time, trying to be more transparent in dealing with the coronavirus saying look we're trying to give all the information to the chinese population. that's why they are taking such severe actions in restraining the travel of 35 million.

that's a population of canada, and when you concentrate power in the hands of just one individual, in the chinese president, you know, this also by the way creates fear amongst cabinet officials, also local state government officials who might be -- who might fear they might do the wrong thing. i guess the population and the citizens are concerned that they are not being told the whole truth in this case, especially when you have a lockdown of 12 cities and only 830 cases, but those are jumping by 30% each and every day. stuart: 12 cities on lockdown, that is extraordinary. susan, thank you very much indeed. we will be back to you later. thank you very much. long time market watcher is with us. dennis, you think china is doing a good job or at least an efficient job trying to contain this thing? >> stuart, i think they have done an exceptional job at this early in the game. they closed down as many cities as they have 12, the fact they have constrained as much travel

as they have i think jinping has learned something with sars and is moving rapidly as much as he can. there are people who have opposed him within the bureau and would like to see him tumble. he knows that and understands that and working against its. i give him credit. will he do more? he has to. it is a matter of time before he does. there will be more cities closed down, no question. stuart: is the market up today because of the strong action being taken against the virus and these things tend to have a very short lived effect on our market? >> i think it is the short lived effect that is having the biggest effect. it is still a bull market in the united states. it surprises the strength of the stock market. any time you fight it, you end up paying a high price for it. any time you go with it, you end up getting recompense for having done so. it is a bull market and will continue to be so until it stops. that's the best one can say. i'm not sure the impact of the virus is what's driving our prices higher.

i think it is the fact that the monetary authorities here in the united states are continuing to remain expansionary and shall continue to remain so. stuart: thanks, dennis, you have a great point. couple stocks to look at at american express, the screen says unchanged, but they did report strong earnings this morning, strong card fee revenues to be precise. not quite sure where that stock is. we'll fix it. problems, boeing, they have the ongoing problems with the max jet but today they are testing a giant plane, a different plane. it's the triple 7x, not the max jet. let's understand that. that's probably good pr for boeing maybe? the stock has recovered to $320 a share. 2020 charlie gasparino, he's kind of a star around here at fbn, he reports that president obama does not think bernie sanders can beat president trump, and the former president may say so publicly.

mr. gasparino -- >> you hedged on the star business. you said kind of. [laughter] stuart: okay. what's going on here? >> listen, obama clearly is telling people -- we should point out that president obama has a t lot of friends on wall street, people that work in finance. remember, i actually broke the story a couple years ago, where i think one of his first post presidential speeches was to a wall street firm cantor fitzgerald. he has connections with wall street. those guys speak with me. what i understand, those folks who have spoken with him is he's really worried about bernie sanders. stuart: what's wrong with sanders? >> too far left. not quite the guy you want to unify a party. he's an ununifying guy. i mean, i think hilary clinton kind of laid out the feeling of bernie sanders, can't work with him, behind the scenes. obama feels that way. i think where it's interesting

here and i actually think obama is not going to say anything. here's why, he's a smart politician, he really would be putting his finger into the hornet's nest and just letting it go. it would be crazy. he might say something sort of broad -- stuart: he doesn't have to say it publicly. if you are reporting what he's telling wall street -- >> that is true. stuart: then it gets out there, the point is made. >> that's true. stuart: why does he not support or endorse joe biden? >> i was just going to -- he might. i think that's part of it. he's starting to warm up to elizabeth warren a little bit. here's the story what i think people are missing whether obama does this or not. there's a civil war going on inside the democratic party. people talk about never trumpers, libertarians, the trumpers, fighting each other. i mean the republican party is much more together than the democratic party. here's why, the old obama coalition was african-americans, liberals, and liberals, women, and, you know, young people, okay, to some extent.

what we have now is the advent of very very -- and working class whites -- that trump kind of peeled off, what we have now is the advent of very very far left young white people into the party that believe -- just out of college -- believe in socialism, believe they should get free college education, believe that their student loans should be completely forgiven, believe not only that felons should vote that but we should put voting booths in prisons. stuart: i know. i know. >> that is what the democratic party is -- that's become increasingly their base, not african-americans, not working class whites, not even the normal progressives, liberals that taught me at journalism school. it is the far left thing. obama sees that far left thing. clinton sees that far left thing. and sees it as an existential threat to the country and to the party -- stuart: he's right.

>> will 60% of the voting population vote for that stuff? stuart: no. charlie i'm out of time. it is a good story. >> thank you. stuart: see you later. remember the cheating scandal surrounding the houston astros. this is not college. it is baseball. well, now a draft king's user is suing because this person lost some money because of the astros win. brian kilmeade breaks it down later this hour. president has invited netanyahu to the white house next week. the president says he will unveil his plan for peace in the mideast. what does that mean for the region? we're on the story of course. at 12:00 noon, president trump participates in the 47th annual march for life. he's the first president to do so. you can be sure you will see it here on fox business. we'll be back. ♪ what a time to be alive.

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stuart: happening now, fox news reports that the cdc is reporting a second case of the coronavirus. it's been confirmed. it is in illinois. a woman in her 60s -- chicago, illinois actually. she recently travelled to the wuhan area of china. the cdc says it has a team on its way to illinois. 63 patients are under observation in 26 states. we will keep you up to date on the latest details on the virus in america. check that big board, up still, not as much as before, 75 points higher for the dow industrials. the chipmaker broadcom says their deal with apple, they are going to make some components for the iphone, could be worth $15 billion. here's how other chipmakers are doing on that news. we've got them both down. disney closing the big theme park in the shanghai area for

the new year holiday, they are closing it. this of course is the response to the coronavirus outbreak. disney stock back to 141. american express, i think we have that on the screen for you now. big deal here, they reported this morning strong card fee revenues. the stock is up nearly 5 bucks 3shg 1/2% -- 3 1/2%, american express. i have some video for you. people are saying that this shows prince charles snubbing our vice president. that's what people are saying. social media is full of it. >> walks right past mike pence and shakes the hands of netanyahu. this is fake news. the press secretary for the vice president says that he and the prince spoke earlier for five minutes before the event, and she sent out photos and videos of that conversation. they also spoke after the event, and buckingham palace is denying this as well. it could be a protocol thing. it could be prince charles says okay the vice president is not the host of this event in

jerusalem nor is he a head of state, so therefore he -- i don't want to use the word snubbed him, but didn't shake his hand right there. >> it doesn't look good. stuart: it doesn't look great. >> but there's no bad will. stuart: whatever. >> ill will. stuart: except on social media. that's what social media is, if isn't it? >> yeah. stuart: president trump, big news here, the president has invited israel's prime minister benjamin netanyahu and his political opponent to the white house. they will come next week. the president says he will unveil his mideast peace plan before that meeting. independent women's forum fellow is with us now. what do you think american muslims -- how will they react to benjamin netanyahu at the white house? >> a great question, i'm not sure how closely american muslims will follow this, because really the muslims that are animated by this are the middle east, north africa

region, with 300 million, we are 1.3 billion in the world. but i think prospects of peace and stability in the region would be very encouraging to everybody, and the deal that is offered potentially is of enormous financial investment, not only in the disputed or palestinian territories, however you want to refer to them, but also in surrounding partner states. stuart: you mean there's money coming in here? >> well, the peace to prosperity plan is extreme ambitious, calling for 50 billion dollars of borrowed money, concession loans, private grants, to be put into the gaza and regional partners. the fact the meeting was held last summer, despite the break in relations in the gcc, tells us that the arab muslim world is looking beyond the palestinian israeli conflict. they are looking for diplomatic

engagement with israel and full economic ties with israel, not just behind the scenes cooperation. stuart: jared kushner has kind of quarterbacked this? to some degree? has he gotten the palestinian in this? >> they have refused to engage in this process since president trump announced the movement of the embassy from tel aviv to jerusalem, they have moved away, but tragic that it is, the palestinians have not participated in negotiations for a very long time. they really walked away from a golden offer in oslo 25 years ago and now this may be their last option to really gain stability and normalization in that region. stuart: bring me up to speed, if you would, on a muslim member of congress, i believe she's being challenged by another muslim woman who is a republican. how will that shake out? >> that's right. she's the candidate. she's a former iraqi national

and now naturalized american. she believes very much in p protecting the united states, defending its constitution. she's enormously indebted as i am to the united states for all of her opportunities. she speaks for many muslim americans. in fact, that view is probably more representative, that we are so offended by ilhan omar's portrayal of us as a whole. she doesn't represent us. she promotes anti-american views, anti-semitic views, she's in many ways anti-establishment, pro muslim brotherhood, pro islamist, many of those that we left those regions for to seek shelter in the united states ilhan omar represents. that's why american muslims may be spoken for by mouthpieces like omar who is islamist rather than allowing an object ive movement coming forward.

>> thank you. >> thank you. stuart: we will tell you the millennials' favorite brands, next. when people ask me what makes verizon 5g different i talk about firefighters. for hundreds of years they've had to do their jobs in blinding smoke. but verizon 5g ultra wideband

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stuart: i have to tell you the folks the rally is fading. at one point today we were up 120 on the dow. now we're up 40. nasdaq still up 13. hit a record high earlier. it's pulled back a bit. the s&p is now down 3 points. consumers love amazon prime because it makes life easier, yes, it does. apparently millennials can't live without it. it is not the only brand they truly love. what are the others? >> 73% of millennials are prime

members because it is easy, you can outsource your whole life; right? get stuff quickly and perhaps cheaper. they also like yeti because it is a reusable good for the environment. stuart: the brands that millennials love. and they are loyal to them? >> apparently they are a very loyal generation. stuart: why do you say apparently? >> i don't know i'm a millennial. i'm on the cusp. stuart: i'm geriatric. don't call me gerry. >> okay, boomer. stuart: new york city lawmakers have banned -- can you believe this -- they have banned cashless stores, ash. >> because it is not fair to people who don't have bank accounts or like to conduct their life with cash. it was the vote of 43 to 3. mayor de blasio, big surprise here in new york city, was also a big proponent of this.

they actually joined san francisco and philadelphia who have done the same thing and the state of new jersey and massachusetts. massachusetts did this 40 years ago so they were well ahead of this particular one. they just say it is not fair, if you don't have a bank account -- that's the reason. stuart: you couldn't be asked to use a different store, could you? >> no, what's interesting is there are some restaurants in new york that are cashless and now they will have to change and bring in registers and do all that. they are going to have to change to comply with the law. >> what about the restaurants that are only cash? >> that's okay. it doesn't work the other way around. stuart: what a mess. >> i know. [laughter] stuart: in my ear and ashley and the control, we're all discussing -- >> if you don't like having cash on hand because of robberies. stuart: that's true, too. >> if you don't have a cashless

business -- stuart: if you are a marijuana store, you have to have cash. you've got a security problem. you can't buy weed with a credit card. >> exactly. >> whatever you say, stu. >> they are in my ear up and down. there's a picture there of capitol hill. the impeachment trial is underway. a number of senators were seen squeezing stress balls during the trial. if you were forced to look at it, you would know it is utterly boring. we'll deal with it. the impeachment trial is all you hear about in the media. larry kudlow, white house economic guy, he says a lot of the ceos over in europe do not know of the achievements that trump's economy is creating. can you believe that? where have they been? we will break it down for you, next. ♪ at fidelity, online u.s. stocks and etfs are commission-free.

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♪ liberty. liberty. liberty. liberty. ♪ ♪ stuart: you heard of this one. >> yes. not a millennial. stuart: this is a good one. it's got some rhythm to it. >> it's great. stuart: let me take you home with us. [laughter] stuart: let's move on. britain's prime minister johnson the brexit agreement has been signed by the european commission. and guess what? they are going to hold a big party next weekend. what do they have? ashley: they have flags and fireworks and bands and comedians. there's going to be an event from the father of brexit. he will be helping to organize this, along with others in parliament square right behind the houses of parliament. already 13,000 people have signed up for this. it should be very interesting.

boris johnson's government also says they are going to project a countdown clock on government buildings, maybe number 10. we will have to wait and see. also a light show. the big question will boris go down the road and join nigel's party in parliament square? we don't know. we don't think that big ben is going to ding at 11:00 p.m. which is midnight brussels time because big ben has been under this long refurbishment project that's gone over for years and cost half million pounds just to build support scaffolding to ring the bloody bell. it is not going the happen. stuart: years ago there was a fake report that said big ben was going to go digital. >> i remember that. stuart: a delegation was -- >> april fool's. stuart: it is true. let's check the market please, we were up 120 points, not that long ago and now we're down 20.

i'm not sure -- could it be the chicago case? and there is a confirmed case of this virus in chicago. and let me give you that news now because that might have taken this market down. ashley: yeah. >> let me see it from the top. more information on the 63 patients in 22 states who are being monitored for the coronavirus. we're learning that so far two have been confirmed positive, 11 confirmed negative. a second case was reported earlier in chicago. it was a woman in her 60s who just returned from the wuhan area in china. that could have turned the market south. we're down 6 points. america, our economy, is clearly booming under president trump. but larry kudlow says the rest of the world is hearing a very different story. listen to what he told lou dobbs last night. watch this.

>> -- a lot of the ceos at several dinners and lunches and whatnot, probably a couple hundred ceos, and what i heard again and again was oh, i had no idea of the facts. i had no idea of the achievement. i think one of the -- well, actually, there's something to that. i mean, it's again this cognitive dissidence that's running around in the country with bad information. stuart: south dakota senator joining us now. i can explain this senator and i'm sure you can too. it is the media. the media is obsessed with impeachment. won't give president trump credit for anything. i'm right, aren't i? >> yes, you are correct, and they most certainly are very much engaged in the impeachment process up here. but at the same time, you can't argue with some of the results we've had already. look at what the markets have done. look at how the economy is moving. look at the number of people that actually have jobs in the united states today that didn't have them earlier and payrolls are actually rising. those are all good things. we haven't even counted on

what's going to happen as we start to see the results from the commodity market. commodities haven't moved yet, and yet we have got japan now with an agreement on beef. we have china with our phase one in effect and the markets are waiting to see whether or not china actually buys -- i think they are going to buy and need to buy. finally we have got the usmca on the way now. so very good things happening to start out the year. stuart: did you see that poll? 83% of farmers very much approve of president trump, 83%, that's a stunning number, only 13% disapprove. my point in bringing this up, senator, is the farmers stuck with the president. even though at times it was rough on you guys, and south dakota is a farm state, you guys stuck with him, didn't you? >> absolutely. and in fact, that was the message i got time and time again back home is look, we understand that times are tough right now. we know the markets aren't the best. but this guy is on the right track and got the right idea. we've got to stick with him. it is going to get better but we

have got to fix this stuff. remember he did help us when it came to the clean power plant, he cleaned up that mess. when it came to the waters of the united states, he stuck up for rural america and he understood that they really are folks that are stewards of their own land. he's the guy that stopped what was obama administration takeover of a whole lot of private property when it cams to using the environmental protection agency. now we've got new rules that are going into place that the ag communities have actually helped to participate in. farmers understand that the future is very bright as long as we continue down this path. stuart: mr. senator, you are a good friend to the show. i have to put a picture, a certain picture up on the screen. i believe this is you, and you have got a stress ball there. okay, is the next shot -- i believe i've got a picture of you with a stress ball. i can't quite find it at the moment, but i'm pretty sure it

is you. >> well, actually what you saw -- and i've got one right here. i think this is what you are talking about. stuart: yes. >> we got them as a gift yesterday in our lunch. i had it in my pocket, and one of the folks that was there wanted to know did you get those there? i said yeah they came as a gift from a senator. we were actually outside of our lunch at the time, and i think some people thought that we had these inside and were playing with them inside the senate chambers. we weren't. but i thought one of my grand kids would like it as a gift. stuart: it was chronically boring, wasn't it? let's be honest here. >> one of my staffers suggested that what this should say we kind of went around and around with a lot of the same information time and time again. i said that's kind of appropriate. we've had 16 hours of it. could have probably been done in about 2 1/2 with the information they presented. although, the democrat managers have said time and time again that they have overwhelmingly

evidence. they still wanted to call more witnesses, but if they've got overwhelming evidence, and they came here to impeach the president, we are simply calling them on it and say okay, you have got overwhelming evidence, you better lay it out because this is your opportunity, and remember, the president has not yet had the opportunity to respond. he has never had one single day, not one single hour in which he could respond to all of these accusations that have been made over the last number of weeks. and so for us, we're going to give him that opportunity, and then i think we get back to work for the american people again. stuart: that won't be boring. senator, thank you for joining us, sir. appreciate it. >> you bet. stuart: thank you. now, we've got an explosion at a business in houston overnight. we're learning that two people have been killed in this blast. the explosion blew out windows, garage doors at homes nearby. two people confirmed dead. this is houston, texas, a building explosion. >> it happened at 4:20 a.m. this

morning. that by the way is ring camera video. stuart: these ring cameras, they catch everything, including an explosion like that. >> unbelievable. stuart: look at that, extraordinary stuff. check that market, still down, and i believe it's because we've got a second confirmed case of the virus in the united states. and a lot of people being tested for it, in the united states. i think that's what took the market down. mexican forces have been putting hundreds of migrants back on buses bound for their home countries, not america. i say this is what mr. trump has been wanting all along. next, we will break it all down with former acting i.c.e. director tom homan. in about an hour, 12:00 noon to be precise, historic moment, the president will participate in the 47th annual march for life. he's the first president to do so. and you can be sure you will see it, right here, fox business. what do advisors look for in an etf?

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stuart: stabilized on the down side, we were up 120. report of a second confirmed case in the virus in america, the market went down, staying down 15 points for the dow industrials. mcdonald's, they are going to close restaurants in five cities in china because of the coronavir coronavirus. the stock is down a fraction. by the way, we have former mcdonald's ceo coming up on the show a little bit later this morning. the administration is cracking down on pregnant mothers trying to travel and stay in america by giving birth here. here's the state department warning, by giving birth in the united states is an impermissible basis for the issuance of an ab nonimmigrant visa. i think we need some expertise on this one. we have got it, tom homan, the former i.c.e. director. welcome back. >> thank you. stuart: now, i'm told that 36,000 foreign-born women came

to america last year, gave birth and left. is that accurate? is that what's going on here? >> yes, 36,000 came on a visa for the sole purpose of giving birth and leaving the country. that doesn't take into account the hundreds of thousands that come to the southwest border illegally and have children. stuart: how do you stop it? >> the question for visas will be a lot more in depth. if you're six months pregnant and want a visa, they want to know why you are coming. they are going to have a child at our expense, people don't have insurance, american taxpayers are paying for this. this is long overdue, the three biggest exploiters of this, china, russia and turkey. we should be concerned. you've got tens of thousands of u.s. citizens that have no loyalty to this country, living in china and russia. now, when they become adults, they can be recruited by their governments to do bad things to the united states, and they've got free entry now.

stuart: do you think it is necessary to stop foreigners giving birth in america? that child is automatically an american citizen and can get the mother and father to stay. do you think that's flat-out wrong? >> i think birthright citizenship is wrong. i don't think the framers of this constitution on the 14th amendment meant okay we're going reward illegal behavior because coming on a visa under false pretense, coming across the border illegally, criminal scheme. i don't think our framers said we want to reward that behavior with something that's precious as a u.s. citizenship. stuart: are we going to say when you reply to that visa, are you pregnant? >> i think that's going to be part of the interview, absolute. it should be. -- absolutely, it should be. stuart: if you say you're not pregnant and you are, that is a lie and offense. >> cbp needs to up the ante too. once they get the visa, they decide when they come and how long they come. if they get a visa and wait six

to eight months to actually come, the other foot, cbp needs to make sure that the reasons that you got the visa six months ago hasn't changed and you are now coming to have a child. stuart: i got ya. >> this needs to be the approach. stuart: i'm inclined to say. are we at a turning point with the whole immigration system? i'm looking at video right here. that's mexico trying to ship migrants on its southern border back to central america. now, that's new. mr. trump seems to be winning, but my real question is, is the tide turning on illegal immigration? >> not only is it turning, it has turned. illegal crossings on the border are down 72% from the high in may because of president trump. 72% from the high. it's not because the congress has done anything to help him. the courts haven't done anything to help him. this is president trump thinking out of the box, writing executive orders, forcing mexico to step up and defend your

border. he told mexico, enforce your laws. what's really sad is the country of mexico is doing more to secure our border and protect the american people than congress. congress hasn't done anything on this. stuart: i hear there are immigrants coming to our southern border and staying there, camping there and saying we're staying here till a democrat wins the white house. >> that's exactly what we want. if they're waiting for president trump to leave, they have five more years. stuart: you think he's going to win. >> absolutely. i guarantee it. stuart: because of immigration, the turn around? >> because i truly think -- stuart: because you like him? >> he's the best president i've worked for. i've worked for six. i respect them all, but no one has done more for this country and protect americans than president trump. stuart: i have to leave it at that. my best to you and your family, your wife in particular who watches the show. debby, i think it is?

>> yes, it is. stuart: he's a good man, debby. thank you very much, tom. next hour former new york giants quarterback manning officially announces he's retiring. what does brian kilmeade think of that? i'm going to ask him, next. he's a systems quarterback. where's the truck? what? parked it right there. male voice: what did i tell you, boys? tonight we eat like kings! (chuckling) you're a genius, gordon! brake! hit the brake! uh, which one's the brake? (crash, bottles smashing) stop! stop! sto-o-op! (brakes squealing) what's happening? what? there's a half of cheesesteak back there. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. raccoon: i got the cheesesteak!

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stuart: we're down 30 points on the dow industrials. we turned around from 120 point gain, down 30 as we speak. a second case of the virus confirmed in the united states. now, the repercussions from this virus keep on flooding out. look at biotech stocks. they're going up largely, not all, but most of them have gone up in the last couple of days. they are looking for a vaccine on this thing of course. gaming stocks largely down. that's because the gaming companies make a lot of their money out of macau, china, and that's been closed down virtually because of this virus. airlines, they're down, mostly because travel is being curtailed, and it's not good. that's what's happening here. travel websites are largely down, again, travel's being

restricted. and again, look at china stocks. i believe they are almost entirely down. yes, they are. alibaba, jd, baidu all down because of the trouble of the virus. host of the brian kilmeade show is joining us now. brian, welcome back. hold on for a second. i want you to listen -- you won't believe this, but i had jerome bettis on the show yesterday discussing eli manning. you can't believe it, can you? watch this for a second. >> in football years, he's really old. in our lifetime, no, not so much, but in football years, kind of like dog years, in football years, he is really old. [laughter] stuart: in football years he's really old, but he's going to retire. is he going to get in the hall of fame? >> i think so. two world championships, two super bowl championships, mvp in there. he's had some great years. the last six years his team has struggled. i don't know how much is him.

i don't know how much it's the giants drafting terribly with coaches that just didn't mix. but eli manning one thing you can't diminish, it is good to be a class act, in a day in which derek jeter goes into the hall of fame. the next day we find out eli manning is going to be retiring i guess within the next half hour officially. at 39, my sense is he waited to see if other teams were interested. the giants have moved on. but in terms of endurance and class, the guy never missed a game. he went through three or four backup quarterbacks who never saw the field. the first time he missed the game, they yanked him from the game and didn't start him as if it was his fault. it is kind of sad. but here's the good news for manning fans, there's another manning coming up. and it's cooper's soon. he's playing at the same high school as payton and eli. his name is arch, after his grand father. and he evidently is phenomenal. so we won't have -- there won't be many years without a manning in the nfl it seems. stuart: okay. are you going to the super bowl

by the way? >> yes, i have been asked to go by both teams. they want me there. stuart: get out of here. you want to go. you've got enough clout in this network to make sure you go. i know where you are coming from. >> i throw my weight around all the time. i'm making demands. that is me. stuart: that is brian kilmeade. >> put more paper in the copier. stuart: let's get time for the serious stuff. a man who plays fantasy sports, draft kings kind of guy, he's suing major league baseball. he says the astros sign stealing scandal altered the stats. he wants his money back. do you think he has a case? >> i got a chance to meet shannon bream. she's really nice. she has a show at 11:00 on another network. stuart: okay. >> i asked her, it's going to be fascinating because just to review, the astros have been found to have cheated. they have won two world championships under false terms. the mayor of los angeles is actually filing a grievance

against major league baseball demanding they give them the world series title. and now the owner of the astros is demanding his team apologize. so if you're making a case, you can't say i'm jumping to conclusions as a class action suit, you can honestly say i lost money because they cheated. so that's a pretty good foundation to file a lawsuit, and if this one wins, i'm not sure about the small print on the back of these ballots or the sheets when you actually place the bet, but man, there's going to be an avalanche of suits if this one goes through. stuart: baseball does not want this. i know it's stuck with it, but they don't want it. i mean, you know, the tv ratings, attendance was down i think last year. they're not doing well. they're not competing with soccer very well. they don't need this right now. but they're stuck with it. i don't know how long it is going to last. >> they want this as much as hollywood wants a sex scandal. this is terrible. but the league is not struggling

monetarily. it's emerged as a regional sport between streaming and paying for rights on espn and fox. it is a valuable property. with the right teams getting in there, it becomes the national past time again, it's a solid number two in the country. it is lucrative. they have a problem with minorities picking up the sport as players. that is certainly an issue. a lot of empty stadiums, that's an issue, but i would argue this will eventually be worst than the steroids to hit the league because there's seven active investigations on other teams doing similar things, and we're about to hear what's going to come out of the red sox investigation who won the world series in 2018, with the bench coach from the astros who has since quit. stuart: what a mess, brian. what a mess. >> i know. that's why let's stick with soccer. major league soccer, that's the future. stuart: english premier league soccer, but that's another story. thanks, brian. >> see you soon. say hello to your panel. stuart: not a panel.

12:00 noon eastern today, president trump participates in the 47th annual march for life, first president to do that. you can watch it right here, fox business will carry it. as the impeachment trial goes on, i say the american people should not be subjected to this. i will talk more about that in my take. that's coming up in a moment. president trump's legal team preparing to tear the democrats impeachment argument apart. judge jeanine pirro joins us next hour. she will give us her thoughts on that. ♪ 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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by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. stuart: america deserves better but we, the people, should not be subjected to this bogus

contrived impeachment trial but here we are, stuck with hour after hour of repetitive arguments that are really going nowhere. what are the democrats thinking? surely this is a case of trump derangement syndrome. they have been at it since the president came down the golden escalator. they are thrashing around desperately trying to get him on something, anything. it comes down to this. he must be removed from office now because he might win the election. that's what it is. technically, the democrats charge he's abused his power. oh, the horror. the president asked the ukrainians to investigate hunter biden's role with an energy company. the horror. i will make the judgment that that does not meet any constitutional standard for impeachment. but lays down a terrible precedent. any future president can now be charged with abuse of power for playing political hardball. after three days, it's already become a farce. the senators are supposed to sit in silence, no reading material, no cell phone use, can't drink

coffee, only milk or water. they've got a little candy drawer for sustenance and of course the whole thing is breaking down. they are taking very long bathroom breaks. some are dozing off. oh, by the way, hersheys is restocking the candy stash. senator feinstein, illegally left the chamber an hour early and the impeachment managers drone on and on and on. the country is not gripped. the trump haters at cnn and msnbc were hoping to arrest the country's attention but very few are watching. 11 million spread over six networks on wednesday and i will bet those numbers go down. by the way, most people are watching fox. and the third hour of "varney & company" starts now. stuart: despite impeachment, president trump has a jam-packed

week focusing on issues that we all actually care about. today he will become the first president ever to speak at the march for life rally. then next week, he reveals his mideast peace plan. that's a big deal. he holds two rallies next week and one more, he signs usmca. mercedes schlapp is with us, trump 2020 senior campaign adviser. is all this going to get through to voters as you've got impeachment droning on? >> we are spending a lot of time making sure that the president's message gets directly to the american people. i have to tell you, stuart, you know this if you spent time with the president, he is nonstop. he is focused on the work of the american people. it's why we are going to see the signing of usmca, something that the president pushed since day one of his administration to make sure that he could help american workers and help our farmers with the better trade deal and then of course, we saw that historic moment obviously when we worked on phase one of the trade deal with china.

something that past presidents have been unable to do, while on the other side, you see nancy pelosi in a split screen signing with her golden pen the articles of impeachment. stuart: but the media has lost its mind here. they will not cover this brilliant economy, trade deals. they just won't give it the time of day. you have seen the statistic. 849 minutes on impeachment, 9 minutes on the economy and trade. i don't know how you do it but you've got to break through that and it's a very difficult job. >> well, i got to tell you, we are on the road a lot. i was just in iowa on a women for trump bus tour with lara trump. one thing we learned from the folks on the ground, the everyday americans, is that what they are looking at, what they are paying attention to, is their pocketbook. they know that the economy is booming. they are feeling it. they know that wages are up and it's impacting these blue collar

workers, it's giving them a chance to have more money in their pocket, stuart. i really do feel that when we are out on the road and we are talking to everyday americans, they want to talk about the economy. they want to talk about school choice and better options for their children. they want to talk about how we can make sure that we lower prescription drugs and ensure that medicare for all does not become the law of the land which we know would lead to over 180 million americans losing their private health insurance. so the president's agenda is resonating with americans across the nation. the media is stuck in their bubbles and that bubble is called the reruns of impeachment. stuart: you got it. you got it. i want to know what you think of this. fox business has learned that president obama thinks bernie sanders is unfit to take on president trump. he may or may not actually say so in public, but this has leaked. your reaction? >> well, i got to tell you, it

just shows the incredible internal divide within the democrat party. they are trying to define themselves and where they are headed is clearly in a socialist way of living, and that's why they should be concerned about bernie sanders, they should be concerned of their candidates. biden is a very weak front-runner. we are seeing these polls as bernie is starting to take the lead in certain of these states, especially in iowa and new hampshire, where he's neck and neck with biden, and then of course, you've got elizabeth warren which is a clone of bernie. so there is concern within that party and i'm not calling obama moderate in any way, but that they are moving from being liberal democrats to socialists where it's government control of your life and that is where they want to go, it's where the base is focused on and that's why bernie continues to be such a popular candidate within their party. stuart: who knows, maybe mr.

obama will not back joe biden because he wants michelle to run but i'm just chucking that out there. >> that could be interesting. stuart: wouldn't it. mercedes, let's not speculate. thanks for joining us. always appreciate it. thanks very much. >> thank you so much. stuart: back to the markets. we have rebounded. we were down about 10 or 20 points at one state, now we are back up again, 41 points higher. back to 29,200. look at biotech stocks. they have been rallying recently because of the coronavirus outbreak. check mcdonald's. they are closing temporarily stores in five chinese cities because of the virus. that stock is down. disney are closing the shanghai park to prevent or try to help with preventing the virus from spreading. they are closing the park. disney stock is down. the casinos, well, the big gambling hub in china is actually macao which is considering closing the casinos and they have canceled the new year festivities.

gambling stocks are down. they rely heavily on macao revenue for their own companies back here. still on the virus, come in, susan li, back with us now. an update on what's the latest on the virus, please? susan: well, added urgency since we have the second case of coronavirus being confirmed now in chicago. a woman in her 60s traveling back from the city of wuhan. that is the second case here in the u.s., added to the man in his 30s who was coming back from wuhan in seattle and now being quarantined and treated. that has urgency to control and contain this coronavirus. i'm here in the dirksen building awaiting the senate committee hearing on how to contain this disease. it's a pretty good turnout. we have seen pat toomey, josh hawley, we expect bernie sanders and elizabeth warren to attend. tim kaine was just speaking to reporters behind me. given that we have this ongoing impeachment trial, it's a pretty good turnout. you can sense the urgency to make sure it doesn't spread

across the u.s. in china, we have over 800 cases now being reported, 26 deaths and of course, we are going around the world with this disease. however, good news that all 14 cases in the uk have come back negative so far. back to you. stuart: susan li, thanks very much. back to you soon. aoc talking a lot lately about the state of her own party. she says the democrats are not far left. oh, no, she says they are center and center conservative. steve hilton, really? what about that, steve? he's on the show. live look at the white house. president trump getting ready to make history. he will be the first president to attend the march for life rally at 12:00 noon. you can watch it here on this network. i call it the impeachment circus and here's why. a reminder. roll tape. >> it puts even president nixon to shame. >> you can't trust this president to do what's right for this country. you can trust he will do what's

right for donald trump. >> you must find that he should be removed. stuart: democrats seem to believe that the president's actions are worse than nixon? judge jeanine pirro joins me next. bet she's fired up about that. look, this isn't my first rodeo...

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i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: all the grim faces, we keep bringing them to you. i call it a circus, otherwise known as impeachment. it continues today. the democrats are wrapping up their arguments. they claim trump's actions are quote, worse than nixon. watch this. >> no president has ever used his office to compel a foreign nation to help him cheat in our

election. prior presidents would be shocked to the core by such conduct. and rightly so. this conduct is not america first. it is donald trump first. it puts even president nixon to shame. >> you can't trust this president to do what's right for this country. you can trust he will do what's right for donald trump. you must find that he should be removed. stuart: all right. hold on a second. earlier this week, we had the deputy counsel to nixon's watergate defense team on the show. he compared the two cases, watergate and trump's impeachment. here's the comparison. watch this. >> case against nixon is entirely different because they were real crimes. there really was a break-in, there really was a coverup. the issue was nixon involved. with trump, there's no crime. stuart: you know we need a forceful person to speak about this. we need someone to light up the fire and look who we have.

jeanine pirro, judge jeanine pirro author of "radicals, resistance and revenge." >> this whole impeachment is the revenge. you don't need to tee it up any more on that. this is the revenge we are seeing right now. they decided the day the man was elected, "the washington post" i think it was 17 days later said the impeachment will begin. this is their attempt, i want you to look at it this way, it's their attempt to disenfranchise the american public. they are saying to you you are too stupid to elect a president, we can tell you who will be good for you and this man is not good for you, and i want to describe stupid to you. stupid is when you stand in front of that senate jury and you say if you don't vote to convict, you are part of a coverup, you are part of the conspiracy. i spent years trying cases and i had a whole office full of assistant das. if any of my prosecutors told the jury if you don't convict, you are a criminal, too, i would

fire him and replace him before the trial was over. stuart: look, they are hanging their hat on saying the crime, it's not a crime, it's abuse of power, but then any president could be accused of abuse of power and impeached. it's not a crime. >> it's not a crime. stuart: it's not a high crime and misdemeanor. >> it's not treason, it's not bribery, it's not unconstitutional. here's the bottom line. rand paul said i don't even think they have a right to the money. i don't think we should borrow from china to give to the ukraine. by the way, ukraine got the money. by the way, i didn't know, did you know ukraine was, you know, one of our most important allies? i didn't know that until they started this impeachment. who the hell knew that? you couldn't tell that to obama. obama watched russia invade ukraine, take over crimea. the same people, vindman, yovanovitch, fiona whatever her name is with her grandparents and the revolutionary days who nobody cares about, they are all telling us how important ukraine

is. why didn't you tell obama that? stuart: if you were appearing on the senate floor, you would fire it up. without you, it's utterly boring. >> i'm going to be on the senate floor tomorrow. watching. i'm going to do my show in d.c. tomorrow. stuart: are you really? >> i am. i am. i will be there. i will be yelling from the gallery. stuart: do they actually have proceedings tomorrow? it's saturday tomorrow. >> as well they should. it's about time they earned their money. these people have too many days and nights off. they have weeks off. they took a month off. they're not entitled to it. we pay them. how much time do you get off? stuart: enough. >> very politically correct. stuart: i'm not complaining. >> but you work, okay? stuart: sure i do. >> you appreciate your job. i appreciate my job. they take advantage of us. i think the most insulting thing is that they think they know better and the department of justice just came out with a decision saying that the fisa warrant was predicated on an illegal act and that it was all

illegal. comey, mccabe, rosenstein. it just came out last night. it's illegal, what they did was they hated this man so much they used our system and they should go to jail. stuart: we are all sidelined by this impeachment process. when are we going to get to the bottom of hillary, the deep state people? don't we have a report coming out on that soon? >> i think that what's going to happen now is durham is not going to give you a report, he will give you an indictment. he will give you a one-two punch. stuart: that is still coming, isn't it? >> it takes awhile. takes awhile for the feds to do their job. there are so many players here. there are so many moving parts, who's going to testify against whom. you know, how is it going to work. i have faith. if i don't have faith, i spent 32 years in law enforcement for nothing. so i have to have faith. stuart: yes, you do. >> hope springs eternal. stuart: lot of fire there. >> so does fox. springs eternal. stuart: i wish -- i just love to have your kind of fire. i don't have it but i would love to have it. >> you can't sleep, though.

stuart: you do this for three hours. i do this for three hours. >> i run out of gas. ashley: i don't believe it. >> thank you for having me on. stuart: what time you on? >> 9:00 tomorrow night. we will have senator cruz, senator braun, senator lankford, rudy giuliani. lot of people. stuart: thank you so much for spending, seriously, i know you have to get up early to do this show -- >> you kidding? i got up at 4:30 to do "fox & friends." stuart: i get up at 2:45. >> yeah, but where you going to be tomorrow night at 9:00 when i'm in the studio? stuart: fast asleep. captain no fun, here i am. thanks, judge, very much. did you hear about this one. you've got to see this. senator warren confronted by an angry parent who said this. you've got to watch. roll it. >> my daughter is getting out of school [ inaudible ]. am i going to get my money back? stuart: it gets better. we have the full tape clip coming up for you.

you've got to see it. in less than an hour, the president is set to make history. he will be the first president to address the march for life rally in washington. we will take you there live after the break. sometimes your small screen is your big screen.

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stuart: shortly, the president is going to be the first president to attend and speak at the annual march for life. his campaign is launching a pro-life coalition. kristen fisher is in d.c. i think the president will speak right behind you. that's the national mall, correct? reporter: the national mall, he's going to be speaking in about 40 minutes on this stage right behind me. in fact, you can see the bulletproof glass already set up onstage. at the moment, we are in the middle of a little bit of concert here going on for about 30 minutes. there are already thousands of people on the national mall. this year they have had to go through a little bit tighter security to get here. there have been helicopters up in the air, they have had to go through metal detectors, there's a heavy secret service presence and it's taken a bit more time to get in, but the organizers of this event say it is all worth

it because for the first time in march for life's history, 47 years, this will be the very first time that a sitting u.s. president will come here and speak to these people before they march to the supreme court. here's the organizer of march for life speaking on fox news a little bit earlier today. >> anybody who has ever come to the march has their heart even more strengthened about this issue. the young marchers who are there collectively over 100,000 are so positive and so enthusiastic and they are going to be delighted to have the leader of the free world with them this morning. reporter: the plan is for president trump to speak around noon, then organizers estimate about 100,000 people will march from this point on the national mall over to the supreme court, where they hope that the two new justices president trump appointed will side with them when the high court rules on a big abortion case later this

year. that's one of the reasons why you see so many signs out here on the mall today that say president trump is the most pro-life president ever. folks here very excited to hear what he has to say. stuart: we can hear what you had to say despite the concert in the background. thank you very much indeed. good stuff. all right, everybody. you might be asked to pay a bit more for a meal in california. some restaurants adding a surcharge to fight climate change. we have the story. did you hear about this? congresswoman alexandria ocasio-cortez says her own party is not progressive enough. watch this, please. >> we don't have a left party in the united states. the democratic party is not a left party. the democratic party is a center or center conservative party. stuart: oh, really. my next guest says actually, aoc's socialist dream for america would make democrats the party of karl marx. a little extreme, but we will

hear him out. and steve hilton will be joining us as well, coming up next. woman: friction points, those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. that will generate value for our investors. (tim) when people ask me what makes verizon 5g different, i talk about the future of emts. an ambulance can only go so fast. but verizon 5g ultra wideband is being built to transmit massive amounts of life-saving data in near real-time. so someday, doctors could begin their work before the patient even arrives. that's a difference that could save lives. that's a difference that will change everything.

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stuart: the market has again turned south. we have been all over the place. a lot depends on the latest reports about the virus. there is a second confirmed case in america. others are being looked at. the market doesn't like it. we are down 30. earlier this week, aoc said the democrat party is not a left party. roll that tape again, please. >> we don't have a left party in the united states. the democratic party is not a left party. the democratic party is a center or center conservative party. stuart: we have some disagreement about that. our next guest wrote this. aoc's socialist dream would make democrats the party of karl marx. the author of that piece is justin haskins. steve hilton is also with us. first to you, justin. i think you are going a bit far. the democrats are not the party of karl marx. they are not trotskyites. they're not. they are old-fashioned

socialists. you know what i mean? >> i don't necessarily disagree with that. karl marx is an old-fashioned socialist. he's the original socialist, in fact. i think that alexandria ocasio-cortez has said that capitalism is irredeemable, who has called for the elimination of all fossil fuels, who says we need a single payer health care program, universal basic income program, college debt cancellation program, free college tuition, all of these proposals and ideas that are becoming a mainstay of the democratic party, these are socialist ideas. they are completely anti-capitalist. i think they would move us in a marxist direction. stuart: all right, you made your point. steve hilton, i don't think she's calling for the ownership of the means of production as in karl marx. i don't think she's calling for a bloody revolution of the proletariat. are you with me on this? >> i agree with you, stuart. i think that's a really important distinction to make. if we are going to win arguments, we have to base them on something that's a credible point. but i do think it's important to

point out that while they are exactly as you say, they are not calling for the complete public ownership of everything, however, what they are doing is going much further in a centralizing government direction than anything we have ever seen before, so they really do mean the central government, the federal government in washington, controlling huge parts of our lives. one example, that is one of the most ludicrous, is bernie sanders, supported by aoc, of course, who is talking about dealing with the problem of soaring rents and unaffordability for housing by having a national rent control plan. he's going to control every rent in the country from washington. that is lunacy. if it's not marxist, maybe we could call it brezhnev-ite because it does remind me of the central control of the old soviet union. stuart: bernie sanders went to the soviet union on his honeymoon and never came back. i've got this for you. i think elizabeth warren is a socialist and she has been

confronted by an angry father who wants -- because she wants to forgive student debt. this is a great piece of tape. got to watch this all the way through. here we go. stuart: wow. he was angry. first of all to you, justin. what's your comment on that argument right there? >> well, i think that this father points out that elizabeth warren's plan would be completely unfair to many people who have worked really hard, who have -- think about all the

people, not just parents, but think about the people who worked their way through college. they're not getting their money back, either. in addition to that, i think the most important point here is that elizabeth warren and other people who are calling for these college debt cancellation programs, calling for free college tuition, these are the same people that screwed up the system that we have now. they created all kinds of market distortions in the student lending industry, they have made it so that students can loan out hundreds of thousands of dollars for useless degrees. they incentivized colleges to increase tuition rates. they already have college debt cancellation. all you have to do is make income-based repayments for two decades and your debt goes away or work for the government or work for a nonprofit and your debt goes away after just ten years. they are creating all these market incentives. we should be having affordable college education now more than ever because of the absence of technology and we don't have that because of these market distortions that elizabeth warren and others have put into place. stuart: steve hilton, i can understand the angry father.

he has been, i hate to use the word, but he has been screwed. >> exactly right. this is a really, really fundamental point, because self-reliance and personal responsibility are so central to the american character. it's one of the things i greatly admire about america. most americans do want to take responsibility for themselves and their families and they hate it when they see people playing the system and squeezing stuff out of the welfare state or whatever. and what elizabeth warren is planning to do is to make that the norm for everyone, to allow anyone who wants to skate by to just get it from the state while people who take responsibility in the words of that gentleman get screwed. i think this goes to the heart of the argument of the election campaign if you have warren or sanders as the nominee for the democrats. stuart: that was a good discussion. justin, thanks very much for joining us. we appreciate it. steve hilton, hold on a second. i believe we've got news on brexit. you've got to stick around. what have we got?

ashley: a big fan, i should point out. the heads of the european commission and the council, that tells you what eu is all about, panel after panel. they both signed off on this deal. boris johnson in the next hour or so will also sign the final document. members of the european parliament will vote on it. it's a shoe-in next wednesday. pop the party balloons, pop the champagne, a week from today, 11:00 p.m. london time, brexit will be done. stuart: steve, i think there's a gigantic sigh of relief coming in great britain, right? >> absolutely, whether you are for or against it. this is why boris johnson got that really resounding election result, because his slogan was incredibly simple. he repeated it endlessly. get brexit done. actually, that's all that people want, just get it done and then we can focus on what really matters, to move britain forward. it's going to be such a celebration next week. but then the real work begins in negotiating a future relationship with the eu. stuart: ashley is going for the big party. ashley: i'm there. stuart: we have to stay here and

cover it. that's life, i guess. steve hilton, thanks for joining us. we appreciate it. thanks very much. now, as you may know, this week marked the tenth anniversary of "varney & company." we had a lot of special moments. lot of people came on the show. take a look at the week we had. roll tape. >> i've got to say, i have been on the show with you almost ten years and i have had the opportunity to watch you behind the scenes sitting at the desk with you. you're not only a great guy, you have been incredible in your love of our country. >> we have to congratulate you for ten great years and thank you for all the wonderful work you do defending capitalism. you are the best british defender of capitalism we have in this country. by the way, i also want to congratulate you on your tenth anniversary. fantastic job. stuart: thank you very much. >> you are in your 11th year and i'm in my 80th year. >> first of all, congratulations on ten years. stuart: thank you. >> you have been doing just a fantastic job. we always look forward to what you have to say. stuart: by the way, i knew dr.

ben carson when he was in the medical business. ashley: i didn't know that. stuart: i knew him very well personally. he's one of the best brain surgeons in the world, bar none. now he's housing and urban development secretary. enough of all of this. take a look at this. impeachment documents signed by president donald trump. guess what? they are up for auction. ken golden is here to tell us how much that will go for. president trump spoke on the world stage in davos this week. yes, he did. his top economic adviser larry kudlow says european executives were not aware of america's financial success. what? how can that be? because of impeachment, of course. more on that in a moment. we're carvana, the company who invented

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stuart: mcdonald's suspending business at its restaurants in five chinese cities, of course because of the threat of the coronavirus. former mcdonald's ceo ed renzi is with us now. that's pretty dramatic action. i think doing the right thing. what say you? >> i agree completely. you know, this virus has traveled very quickly with human contact and with the dense population that exists in china, i think it's important they take every precaution to isolate these people that have the virus and keep them out of the public domain. let's be realistic about this. mcdonald's has got 30,000 restaurants worldwide and this will be a momentary blip for all the right reasons. i don't concern myself with the economic side of it. the human side is most important and i think mcdonald's has done absolutely the right thing. stuart: i want to talk to you about what larry kudlow told to lou dobbs last night on fox business. larry kudlow is the top economic guy at the white house, as you

know, and he went with lou dobbs last night and said look, we've been having all these conversations over in davos with these hotshot executives from europe, and they didn't know about america's successful economy. now, that to me is extraordinary. what do you mean, they didn't know about it? why not? where have they been? what's going on here? >> i think one of the big challenges other than a few business publications in the united states, very little is said about what a great roaring economy we have. i meet people every day on the street, i deal with small businesses all the time, i was in miami last week. the american people know it, the blue collar worker knows it, the people that are on the street doing landscaping, carpentry work, plumbing, electricians, they all know the economy's better than it's been in a lot of years. they are pumped up, they are buying things, they are engaged -- it's just a lack of knowledge, frankly, because the europeans don't have access to

good information from the u.s. press. stuart: i think it's the same over there as it is here. the media hates president trump and won't give him one ounce of credit when something goes well. that's what's going on here. >> i think you're absolutely right. trump has upset the apple cart, his whole philosophy of draining the swamp is driving everybody crazy because it absolutely gets in the face of globalism and that's what eu is all about. that's what all of our leftist democratic politicians [ inaudible ] and he put the blocks to it. rightly so. this is a free enterprise country. we are a capitalist country. we are the economic engine of the world and we are proud of it and we ought to bring everybody along. stuart: hold on for just one second, ed. we have been covering what president trump called, over in davos, he said this is the blue collar boom. we've got this coming to us from

yahoo!. trump's blue collar boom is a myth. that's their headline. what else does the piece say? deirdre: i want to read you one thing. as with many of trump's scripted speeches, select facts provided by the white house, economists are mostly correct but the overall characterization is not as usual. trump falls back on the bogus conceit that everything was terrible before he arrived in washington, while everything is fine now. so the op-ed goes along to pick apart different parts of the economy, manufacturing, hiring, for example, wage growth, there's just a counterpoint at every turn. stuart: ed, come back in again. i think that's nonsense. just nonsense. >> i think it's ridiculous. i spend a lot of time with people in restaurants and small businesses, friends, neighbors. they are all doing extremely well. small businesses in the united states are reinvesting like i have never seen before. i think it's bogus. i guess in some fashion, we ought to just pay attention to what's going on on the street

and quit reading some of that stuff. stuart: trump haters are all over the place. one more for you. i'm sure you have seen this. there are some restaurants in california that are adding a climate surcharge. i think it's 1% added to your bill. mostly upscale sort of places. what's that, virtue signaling? what do you make of it? >> well, the reality of it is corporations have been talking to consumers about donating to causes for a very long time. mcdonald's has collection boxes in their restaurants for loose change, the ronald mcdonald house. firehouse subs does the same thing, rounding up for emergency equipment for first responders. this is based on a relationship with restore california and it's optional. you can do it if you wish or not. it's not obligatory. the money is going to go to research and development of more sustainable farming practices for small and medium farms, and i think it's a good thing to do.

i see nothing wrong with it. it's going to drive the check up, by the way, but that's a choice we get to make as individuals. now, if they added it on and didn't make it optional, i would have a real serious problem with that, because charity belongs in your heart, not in somebody else's wallet. stuart: ed rensi, right again. thanks for joining us. we do appreciate it. see you soon. thanks. now, you may see the market has turned south again but broadcom is heading north. they are working on deals with apple that could be worth $15 billion worth of extra revenue for that company. skyworks solutions, qorvo down because broadcom got the deal with apple. okay. take a look at this. the 1980 lake placid winter olympics miracle on ice gold medal, presented to steve kristoff. it's one of the hot auction

items up for grabs. ken goldin joins us to explain it all. how about that. in 15 minutes, by the way, president trump set to make history. the first president to address the march for life rally in washington. don't miss it. you won't have to. you can watch it here. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. usaa

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stuart: he's back. the best sports memoribilia man around, his name is ken goldin of goldin auctions. he always comes with great stuff. he's got great stuff today. item one, this stack of papers in front of me, signed by president trump. what is it? >> that is 688 pages, that is the actual impeachment document of president trump. it was signed by president trump in battle creek, michigan on the day of his actual impeachment, december 18th. it is the only one known to exist and it is currently up for auction at goldin auctions.com. stuart: i got that. okay. how much? >> i would think a low of $25,000 but some people tell me it's so historic, it could be $100,000 plus. stuart: who actually owns it now? >> my consigner owns it. stuart: the person who gave it to you? got the president to sign it. all right. you want it, okay. got it. okay. next one. this is a jersey, i know that.

i'm going to touch it and feel it. derek jeter. >> this is not just any derek jeter jersey. jeter inducted into the hall of fame three days ago. this is the very first jersey he ever wore as a yankee, during his call-up in 1995. his very first jersey, he inscribed it, major league debut. it's a match to his very first season as a yankee. it's one of a kind. speaking of one of a kind, this is the actual scouting report from april 1992 when the yankees went to scout him as a senior in high school. the last line of it says future yankee, future major league baseball star, five-tool player. this guy got a big promotion in the yankees organization. stuart: how much? >> we expect the jersey to go for a quarter million plus. we expect the scouting report to go for $150,000 plus. stuart: next one. the mahomes jersey. >> pat mahomes, star quarterback in the super bowl next weekend for kansas city. this is one of his game-worn jerseys from the 2019 season. we are expecting $30,000 plus.

stuart: $30,000? >> $30,000. stuart: quarter million for jeter's jersey. $30,000 for mahomes? >> there's no replacement for derek jeter. stuart: is mahomes in the super bowl? >> yes, he's the quarterback. if he wins, you could look at $50,000 plus. stuart: i'm intrigued at the last one. >> this is the 40th anniversary of the u.s. beating the soviets in hockey, miracle on ice, february 22nd which is why we end our auctions at goldin auctions.com on february 22nd. this is the actual gold medal from lake placid. we are looking at $250,000 plus on that. stuart: this is a running auction, isn't it? >> yes. it's live right now. you can go to goldinauctions.com, g-o-l-d-i-n auctions.com to register to bid. we have 1500 lots. all of these are in there. it runs now. you can place your bid and it closes february 22nd. it's online but we do have a

full 300-plus page color catalog. stuart: is that where all the action is, in kind of the last day, whenever all the bids are coming in? >> typically the last week, the last hour of the auction, especially, and we don't -- we are not like ebay, we don't have quick cut-out so if somebody is outbid they get 15 minutes to come back and top the bid. so the auction, even though it ends at 10:00, could literally go until 2:00 in the morning on certain items. stuart: is it on camera? if i go to goldinauctions.com at the last hour, are you on camera saying you got this, you got that? >> no. it's all -- every lot has a countdown clock, like how many minutes left in the lot, what the current bid is, things of that nature. all the pictures, all the letters of authenticity are online. no, we do one live auction a year. the rest are all internet-based. stuart: you say live auction -- >> with a camera. you will see me onstage, one of my employees onstage with a hammer and gavel. yes. we do it at the national sports collectors convention each year. stuart: great to have you on the

show. this impeachment stuff, that's fascinating. >> it's so timely, so historic. when i got the chance to say you want this, the guy said you want this, i used an expletive and said yes. because it's so historic and i was so thrilled that he signed it, because obviously, knows it's not going to happen. stuart: but you got that. ken goldin, great stuff. appreciate you being with us as always. thank you. very soon, we will see president trump make history. he's going to be the first president to address the march for life rally in washington and you will see it. back in a moment. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet...

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line. they got. >> subject problem, they may have a problem also with the dream line. >> the workhorse, and -- >> new update on the coronavirus. nepal has confirmed that first case. this was a person studying in china. the virus is hurting the market. we got a second case confirmed the regulated states. it has spread to other countries. 35 million and china. basically a lockdown, a kind of quarantine situation. the markets upset about that. we've got the dow down close to 100 points. we were up 120, the news on the virus came through and with each report we moved down. shortly you will see president trump make history. will be the person president to address this.

he will be there just a few moments from now. foxbusiness will correct. it's been a great week. my thanks to ashley, susan, everybody. great week. it was our tenth anniversary. >> we are getting ready for senator of wyoming that there might be a third u.s. case. where following closely on the follow-up. the death toll is about 26. we have nine confirmed cases. the cdc is looking into this report again. a third individual, looking at one in chicago and now texas. these are fast-moving developments. 40 million people, particularly in asia and china. the middle of an ongoing markdown, that represents the largest quarantine we've seen in modern times.