we're up 243 point as we speak. now let's take you to neil. standing by for what's going on at the white house coming up in just a few seconds. neil, it is yours. neil: stuart, thank you very, very much. we're waiting to hear from the president of the united states. he will outline his own middle east peace flap in the east room of the white house. other presidents have tried this hopes a more watered-down version will work even though some of the palestinians are not really pleased with this. mahmoud abbas and some others will not be part of this official commemoration to get the ball rolling here but we're watching it very closely because the president said it is a step toward as palestinian state even though at this point it is not an outright palestinian state. we're on that. we're looking at the trump administration plan for travel restrictions to china, meantime upping the number of airports that will having a aggressive screenings going on for this virus. stocks as stuart indicated are

bouncing back from the lows. we made up half of that. a little more than that blake burman on the fast moving developments at the white house. hi, blake. reporter: standing in the east room once again like we were for the china trade deal can't help but realize, or at least remember that, put into context with that, president said even with that the toughest deal would be a potential peace deal in the middle east. that is what the president, along prime minister of israel benjamin netanyahu is about to outline in the east room in a few minutes time we believe. one of the questions, of course, what exactly is in this peace plan? here are some of the details we have been told we expect the president to outline here and the administration to outline in the upcoming minutes after this event as well. it would call for, the president's plan, a two-state solution with a future palestinian state. the plan says that palestinians have to hit benchmarks and implementing free speech there

is a map that shows a contiguous palestinian state. it would include a tunnel to connect to the west bank and land swaps south of gaza to give palestinians more territory. it should say be a demilitarized palestinian state. israel will maintain security while creating programs for palestinians they could show potentially they could provide their security in due time. it also says israel would halt the controversial settlements for four years. so that is the plan of the president says he is hopeful that the palestinians will be supportive of it. of course we have seen protests in the region of the world suggesting otherwise and palestinians have come forth this is a plan or at least this is an idea backed by the president that they do not support. so that is what we expect to hear the president talk about here in the east room, just behind me at the podium you see alongside israeli prime minister benjamin netanyahu.

going really quickly, neil, from the middle east to china as we continue to keep our eye on the the on coronavirus here is what i've been told going on at the white house. there are a couple meetings throughout the day. one at a more junior level and one at a more senior level in the afternoon. for example, in that senior level meeting alex azar who stuart was just talking about, ken cuccinelli i was told was involved, for example, matt from the national security council is leading that. i've been told the white house at this point is weighing the possibility, is debating the possibility of travel restrictions to china. now, the u.s. government has not fon that far. it has been described as a debate, an option they are looking at. keep that in mind, neil, as we continue to monitor the coronavirus, its potential outbreak as we heard from alex azar a little while ago. that is what the white house is dealing with as they keep an eye

on it. neil? neil: blake, we touched on it before, administration spoke extensively, i'm doing the nation's business, i come up with the peace plan, dealing with the china situation and looking at travel restrictions and the like, he was in davos to trumpet u.s. business interests and foreign deals. that is the strategy, this impeachment trial that continues to get much of the mainstream media attention, right? reporter: noon peace plan unveil in the white house. one hour later from now the president's legal team will put forth their final arguments. yes, on one hand, the president will say this is my plan for peace in the middle east. then you will have his legal team put forth theirs. you're exactly right, neil, the administration, the white house saying they want can walk and chew gum at the same time. they put forth policy while the sham hoax they call it continues on capitol hill. i would add, neil, the president will be hitting the road to tout

usmca that trade deal signing will take place tomorrow potentially in this very room as well. sort of another thing to add on to the resume' the white house puts forward. look this is what we're doing. you do the impeachment thing you want to do, democrats. neil: do you know if he will take questions there? reporter: it's a good question. the set-up very much like the china trade ceremony. there is one, two, three, four, five rose of seats. 100 plus guests or so. we're kept back behind the ropes. the china trade ceremony he did not take questions. there is the other factor. israeli prime minister, he has his own headlines that he is dealing with today which we won't get into. you got to wonder if he want to take questions on that? i guess the long answer, no, neil, i do not anticipate it. we'll see what happens as the president always says. neil: blake burman, thank you very much, my friend. to blake's point on the middle east development,

palestinian authority mahmoud abbas is boycotting the event and urging those other interests in the arab community to do so. no arab state has endorsed this plan publicly. privately, the president indicated there is widespread support. he might spell that out soon. meantime we're keeping track of this virus, the alarming response over the last couple trading days has reversed a little bit today. let's get the read from all of this now with jackie deangelis following it all from the new york stock exchange. jackie. reporter: good afternoon to you, neil. the market fears for the coronavirus are easing a little bit today. we're trading up by 233 points right now. there are some headlines circulating that researchers in hong kong are working on this vaccine. it needs to be tested for the virus. that is adding some support for here. also buy the dip mentality. we had more than a 450 point loss yesterday. traders are getting back into the market. you see some 2020 gains are coming back on the table. now in china apple supplier

foxconn telling its employees out of wuhan for chinese new year's, stay there. don't come back. the last thing foxconn wants is an outbreak of the virus very quickly to wipe out a whole facility, for example. that kind of fear gripped the market yesterday when you saw that kind of selling. facebook is many about the first u.s. company telling staff, avoid traveling to china. don't go there they're worried about the coronavirus as well. we saw safety plays. big move in gold. 10-year yield is lower, coming back a bit. look at stocks that had big moves to the upside yesterday. biotech, health care, anything related to the virus potentially, well they're all seeing selling pressure. alpha pro up 20% yesterday. down 25% today. neil. neil: thank you very much. health and human services secretary alex azar addressing china's response. take a look. >> on january the 6th, we

offered to send a cdc to china could assist with these public health efforts. i reiterated that offer when i spoke to china's minister of health on monday and it was reiterated again via the world health organization as leadership today in beijing. neil: webmd chief medical officer john white where we stand with all of this. doctor, thank you for taking the time. this 14-day incubation period that, that's a lot of time where someone can be coming in from asia, notably, china, not exhibit any symptoms, yet be a carrier. is that a worry? should we be concerned about that? >> first of all, thanks for having me, neil. it is a concern, as you said 14 days is a long period of time. sometimes people don't really feel that many symptoms. that is what we're really concerned about, can you be contageous before your symptoms arise? that 14-day time period is a

little bit long. so we should be aware of it, not necessarily scared but aware. neil: you know, doctor, i was noticing this case in germany that was just reported. young guy, 33 years old in bavaria, had never traveled to china but had a colleague that worked with him who did. he obviously got it from that colleague i would assume but that changes the dynamics a little bit, doesn't it? >> absolutely. so at first they didn't think there was this person-to-person transmission. that it really was just from animals to persons but what we've learned as we have with other viruses it can jump a species. so we do have to be concerned about this person-to-person transmission. neil: but how do you think the president's response has been to this thus far? >> i think the response has been measured. we don't want to alarm people but we do want people to

recognize what's going on, to be aware of symptoms and what they might do if they are concerned about coronavirus. neil: all right. doctor. i didn't mean to jump on you there. president of the united states. i see benjamin netanyahu. i do not see bennigan's competing in the third election to unseat benjamin netanyahu. the president is now here. let's dip in. [cheers and applause] >> thank you very much, thank you. today israel takes a big step towards peace. [applause] young people across the

middle east are ready for a more hopeful future and governments throughout the region are realizing that terrorism and islamic extremism are everyone's common enemy. yesterday i had the pleasure of meeting with both the prime minister of israel and a man that's working very hard to become the prime minister of israel, longest-running election of all time. [laughter]. benny gantz, of the blue and white party. both leaders join me to express their support for this effort. proving that state of israel looking for peace and that peace transcends politics by any measure, unmeasureable. that's what they want. [applause] on my first trip overseas as president i visited the holy land of israel. i was deeply moved and amazed by

what this small country had achieved in the face of overwhelming odds and never-ending threats. the state of israel comprises only a miniscule amount of land in the middle east and yet it has become a thriving center of democracy, innovation, culture and commerce. israel is a light unto the world. the hearts and history of our people are woven together. the land of israel is an ancient home, a sacred place of worship and a solemn promise to the jewish people that we will never again repeat history's darkest hour. [applause] during my trip to israel i also met with palestinian president abbas in bethlehem. i was saddened by the fate of

the palestinian people. they deserve a far better life. they deserve the chance to achieve their extraordinary potential. palestinians have been trapped in a cycle of terrorism, poverty and violence, exploited by those seeking to use them as pawns to advance terrorism and extremism. i returned from my visit determined to find a constructive path and it has got to be a very powerful path forward in the israeli-palestinian conflict. to further this effort, i also met with president abbas at the white house. forging peace between israelis and palestinians may be the most difficult challenge of all. all prior administrations from president lyndon john son have tried bitterly failed but i was not elected to do small things or shy away from big problems.

[applause] it's been a long and very arduous process to arrive at this moment. on sunday i delivered to prime minister netanyahu my vision for peace, prosperity, and a brighter future for israelis and palestinians. this vision for peace is fundamentally different from past proposals. in the past even the most well-intentioned plans were light on factual details and heavy on concept all frameworks. by contrast our plan is 80 pages and is the most detailed proposal ever put forward by far. as i have seen throughout my long career as a deal-maker complex problems required

nuanced, fact-based remedies. that is why our proposal provides precise technical solutions to make israelis, palestinians, and the region safer and much more prosperous. my vision present as win-win opportunity for both sides, a realistic two-state solution that reserves the risks of palestinian statehood to israel's security. today israel has taken a giant step towards peace. yesterday prime minister netanyahu informed me that he is willing to endorse the vision as the basis for direct negotiations and i will say the general also endorsed and very strongly, with the palestinians, a historic breakthrough and likewise we have really a situation having to do with a race that is takes place right

now. it will end and we have the support and it is very important to say this, of both parties and almost all people in israel. they want peace and they want peace badly. [applause] this is the first time israel has authorized the release of of a a conual map willing compromises he they are willing to make towards peace and they have gone a long way. this is a unprecedented and highly significant development. mr. prime minister, thank you for having the courage to take this bold step forward. [applause] thank you. thank you .

[applause] bebe, we have a lot of powerful people in this room. a lot of people that can help make it work. that is quite a thunderous applause. thank you very much. thank you. we will form a joint committee with israel to convert the conceptual map into more detailed and calibrated represented dering so recognition can be immediately achieved. [applause] we will also work to create a

contiguous territory within the future palestinian state. for when the conditions for stat hood are met, including the firm rejection of terrorism. [applause] under this vision jerusalem will remain israel's undivided, very important, undivided capital. [applause]

but that's no big deal because i've already done that for you, right? we have already done that but that's okay. it is going to remain that way. and the united states will recognize israeli sovereignty over the territory that my vision provides to be a part of the state of israel, very important. [applause] and crucially the proposed transition to a two-state solution will present no incremental security risk to the state of israel whatsoever. [applause] we will not allow or to the days of bloodshed, bus bombings, nightclub attacks and relentless terror, won't be allowed. peace requires compromise but we will never ask israel to compromise its security. can't do that. [applause]

as everyone knows i have done a lot for israel. moving the united states embassy to jerusalem, recognizing -- [applause] recognizing the golan heights. [applause] and frayingly, perhaps, most importantly, getting out of the terrible iran nuclear deal. [cheers and applause] there is a lot of spirit in this room. it is true, you don't see it often, you don't see it often. therefore it is only reasonable that i have to do a lot for the

palestinians or it just wouldn't be fair. now don't clap for that, okay, but it's true. it wouldn't be fair. i want this deal to be a great deal for the palestinians. it has to be. today's agreement is a historic opportunity for the palestinians to finally achieve an independent state of their very own. after 70 years of little progress, this could be the last opportunity they will ever have, and last for a lot of reasons. we'll never have a team like we have right now. we have a team of people that love the united states and they love israel and they're very smart and very, very committed from your ambassador, david friedman. [applause] to jason and avi and jared.

[applause] and they're all great deal-makers and they also understand the other side and they want the other side to do well because that is the sign of a great deal and they understand that and i just appreciate all of the hard work you put in and so many of your other friends and of course our great secretary of state mike pompeo. [applause] whoa. that's impressive. that was very impressive, mike. [laughter]. that reporter could not have done too good a job on you yesterday. i think you did a good job on her, actually. mike, great, are you running for senate? i guess the answer is no after that, huh? they all want him to.

kansas, great state, they want him to. you're doing a great job. don't move. the palestinian people have grown distressful after years of unfulfilled promise. that is so true. i know they are ready to escape their tragic past and have a great destiny. this map will more than double the palestinian territory and provide a palestinian capital in eastern jerusalem where america will proudly open an embassy. [applause] no palestinians or israelis will be uprooted from their homes. [applause] israel will work closely with a wonderful person, a wonderful man, the king of jordan, to insure that the status quo of the temple mount is preserved and strong measures are taken to insure that all muslims who wish

to visit peacefully and pray at the al-aqua mosque will be able to do so. this is a major statement. this is of major importance and at the same time our vision will deliver massive commercial investment of $50 billion into the new palestinian state. you have many, many, countries that want to partake in this and many of them are surrounding. they all want this to happen. virtually everyone of them want this to happen, i think bebe you know that very well. you will have tremendous support from your neighbors and beyond your neighbors. over the next 10 years if executed well, one million great new palestinian jobs will be created. neil: we continue to monitor the president's speech, middle east peace plan, that the israelis like, the palestinians not so much. we told you a little bit earlier that benjamin netanyahu is there. of the benny gantz, from the

blue while party challenging him in the third election go round just this past year is not there but he also supports the president's initiative here. the palestinians have said right now that this is so slanted to israel that they can't be part of it but the backdrop of this is the ongoing impeachment trial that could wrap up with republican arguments today before we get into the cross-examination phase of this -- this is a strategy the president used quite effectively to go about his business, what he calls the nation's business. in this case maybe the world's business when it comes to peace, with what is going on in china with this on going virus as he was last week talking up the u.s. economy and business deals while in davos. the read on all of this, how this is all juxtaposing together, can you say that? i just did. "daily caller" editorial director vince coglianese. vince, what do you make of this? the strategy clearly on the part of the president. the hounds are after me. the impeachment process is on, i

get that. doesn't appreciate that. probably doesn't want it to drag on much longer but this will be his focus as he says the nation's business. >> yeah. if he is supposed to be distractions, these are not small ones. they are big ones. they are huge deals. the president of the united states said this week in the business world when he would talk about the israeli-palestinian deal they would compare gigantic deals to the idea that anyone could bring the israelis and palestinians together. he is not quite there yet but i think this is pretty big sign as he pointed out i was not elect todd do small things but dot big deals. he also pointed out this was the first time israelis are actually going to put a defined map what a palestinian state should look like out in public as an offering to get to the table. so that will be interesting. in the midst of all of this, you got those trade deals, usmca, the phase one china deal, nothing small about what he is doing amidst all of this impeachment activity going on capitol hill. neil: we talk about the peach

pipe impeachment stuff, which is, if you indulge me, the whole virus thing out of china that is the a concern. the fear it could have worldwide economic impact and everything the president cobbled together here with the u.s. economy, you think the markets themselves, even that trade deal, if the chinese fall into eregs, a distinct likelihood given how sweeping this has been on the country all bets are off, right? >> i think it is a indicator about the markets and how skittish they get from any one issue. the reality they're getting skiddish about the coronavirus but same time i talked to fox news's dr. mark siegel and he is not that worried yet. even hearing from the administration today, trying to settle everybody at ease. settle down, yes there is a new thing but we're dealing with it. you saw the markets reacted well to that.

it is interesting that they get that skiddish about a brand new virus and they don't think anything of the idea the president will ever be thrown out of office by the senate. neil: do you think that, assuming that is correct, the numbers favor it, would take a lot of republican senators, 20 plus to go along for impeachment that seeps unlikely, this could drag out longer and be a market event? that is if you're waiting for witnesses, if this drags on much longer, the end and conclusion would be pretty much the same he is not impeached but it could fester a while, what do you think? >> that's true. it could fester but i would be surprised. this is somebody who is in no way a market expert but certainly from the perspective of our many conversations over the years about this subject, every time we talk about the latest trump scandal it seems markets remain durable all the way through them. neil: you're right. >> temperature i've taken on impeachment, although a constitutional "nuclear option,"

this moment feels exact the same way every day the trump presidency has felt. the market is taking the same signals. they're watching this, this is drama on capitol hill. we can ignore it safely. neil: very well-putt, vince you're stealing my market thunder. you're better than giving yourself credit. >> many times i was talking to you. neil: i wish that were true. thank you very much. good chatting. meantime the market is up 253 points at session highs. the dow at 28,789. 26 of dow 30 stocks advancing. 3m, pfizer, boeing, not part of that. this was a global come back in the markets today. the idea maybe this gets contained in china that might be a leap of faith because there is criticism from china, it is holding back volunteering information exactly what is going on, number of case. we're on that. we're also on the fallout from the president's remarks today on this middle east peace plan. also the impeachment trial that picks up 30 minutes t was

supposed to be a fairly short affair i will take the entire eight hours allotted to them we're told. then cross-examination. but in the middle of that, a president focuses he says on the nation's business and bigger matters. more after this. 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

neil: all right. the market right now up about 251 points. michael bloomberg is looking to

spend a lot of money but on what exactly? charlie gasparino has the latest. he has the money, there is no doubt about that. what are you hearing? >> i give you a little taste of it. my producer lydia moynihan came up with interesting figure today. there are lots of stories bloomberg maybe expanding 1000 people in his campaign operation. it will be more than that her number, just for new york, just for the, in the old "new york times" building, by the way, apparently where his campaign headquarters is, just in new york, is 880 people. neil: wow. >> so he is close to 1000 people right here in new york. she has gotten that confirmed. that is from people inside of the campaign. that's how much he is expanding. now what i'm hearing from my democratic sources because this is interesting because bloomberg is more than just running. he is running possibly as a replacement if biden falters, obviously to get that alleged moderate wing vote. he is also, you know, has said,

that he is going to dedicate his money, if he doesn't win, he will dedicate his money into electing next democratic candidate -- neil: do you believe, he would open up his wallet for -- >> that is where i don't believe it. i find it hard to believe he will open up his wallet for bernie sanders. neil: right. >> i just don't -- bernie sanders is such an existential threat to america's way of life, to the way of life he basically helped build, he runs on, which is entrepreneurialism, working on wall street, you know, the free markets, that would, this would be, even obama can't deal with bernie sanders. so bloomberg -- neil: depending on polls, you're right, the fact it is very, very early, but let's say, bernie surging just the right time, wins iowa, wins new hampshire, i know the president, former vice president is betting on south carolina and a strong showing there into super tuesday. >> right. neil: we conceivably could have a situation, we get to the

convention, no one wins on the first ballot, isn't that what bloomberg is banking on? >> he is to a certain extent and biden regaining his footing and winning. remember biden's people we first reported on your show couple months ago, we got a lot of pickup on it, conceding away and new hampshire, always has. super tuesday states. fascinating stuff, bloomberg is focusing a lot of money spending, he continues to raise money on super tuesday states. he is making a push there. it will be interesting, if bloomberg doesn't really show on super tuesday, if biden has a great super tuesday, looks like he could clean up going forward, it will be interesting to see where bloomberg stays in the race or remains in there as a lot of people think. neil: i think mathematically no one can close the deal on the first ballot. >> well then he will stay in as the potential guy to do it, and try to -- try to block bernie sanders and elizabeth warren. you know -- neil: way too early, i know.

>> i always think it is scary to somebody as crazy as bernie sanders is like, polling is close to trump as he is. i mean -- neil: i don't think anyone should dismiss him though. >> i agree. how could somebody as nutty economically as that, post, pose a, like -- neil: to say not about the economic part but the nutty part with donald trump and he is president of the united states. >> policywise i was never that nutty. it was his mannerisms were crazy but his policies weren't. this is nuts. it is starting to be embraced by people. neil: you're the best. i do mean that. there are others who try, but he is the standard. meantime here we're monitoring very closely the president. is he speaking now, melinda? looks like he is. but he might be taking questions. benjamin netanyahu is there as well. i notice benny gantz of the blue white party challenging each other to see who will run israel, so to speak.

can we dip into this, guys? might be opportunity for either or both to address -- >> unfailingly energetic and optimistic. ambassador david friedman. jason greenblatt. harvey berkowitz. brian hook, the rest of your exceptional peace plan, mr. president, it is good to be here with the other distinguished ladies and gentlemen of your administration. with senators and members of congress who are israel's greatest friends on capitol hill. thank you. [applause] thank you. with the ambassadors of the united arab emirates, bahrain and oman, what a pleasure to see you here and what a sign --

neil: we will continue monitoring this. just indulge us, folks. the dow is up 241 points on lessening concerns what is happening in china with this virus. i say lessening but not at all gone. we have news on the economy, particularly when it came to housing data. we'll iron that out in just a second here but the weird juxtaposition, backdrop on all of this, impeachment trial. republicans one more shot presenting their case. we're told it will be limited. they will not take the entire eight hours today, nor have they from the start but indications they will make their closing argument that the democrats have no argument, up 242 points on the dow. looking for some very important earnings that come out particularly after the bell. apple all of this. after this.

neil: all right. the dow up 234 points right now,

reversing a good part of yesterday's selloff. a lot of people have been pouncing on china news and this virus as an excuse to take profits essentially. would have been an enormous run-up, whether justified to go up beyond that is anyone's guess. maybe overkill yesterday. maybe cooler heads are prevailing today. a lot could portend on undercurrent here with good news backdrop for the market, solid earnings, good economic numbers, saw that on the housing front, what is going on with apple a industry leader and key component. susan li in coupe tear tino, california with that. -- cupertino. reporter: china will be toke discuss early on today. production lines could be halted given the coronavirus. the chinese government ordered all factories in affected areas to be shut until february the 9th. that is a lot of days for the complex supply chain apple employs. apple assembles more than 50% of

their iphones in china. they have listed two suppliers in wuhan, 60 in a city close to shanghai. this we're seeing demand for iphone goods in the second largest market. we know apple has been trying to recover from a slowing chinese economy, offerer cheaper alternatives within the country. they are doing this, cutting price of iphones, off the trading programs and financing coronavirus doesn't help them obviously in that recovery. this is the first full quarter of iphone 11 sales, another focus for the markets and investors. how well has this new model done? according to research, not bad. 70% of iphones sold last year were 11 models. the the handset sales still account for 60% of the apple's sales. how well is the streaming service doing. how many subscribers signed up, given competition from disney

plus and more on line this year. what about the explosive growth of wearables and airpods hard to find under the christmas trees over the holiday season. citi says this is 10 billion-dollar business on its own in the quarter. give you a sense how large that is, mcdonald's reports sales of $5 billion each and every quarter this is twice mcdonald's and fortune 200 business on its own. apple highlight of earnings. we still have a lot to come in following days. facebook, tesla, boeing, tomorrow, and then amazon reports on thursday. this is going to be a big one. neil, indications are on the market they are expecting pretty good numbers from apple. back to you. neil: susan, great reporting as always. john layfield read on all of this. john, we might, might go back to the fundamentals that propelled this market to these records to begin with. what do you think? >> certainly hope so. the economy here in the united states is doing well. the companies that are listed on the new york stock exchange are

doing quite well. so i hope we get away from all the geopolitical problems, impeachment and even this potential pandemic because it looks like this will be mainly contained in china and it is not going to spread that much as at least what we see right now. if you look at apple which will report tonight, which is a very important bellwether for the economy. only two manufacturing facilities in china, they have 380 facilities, half their facilities located in wuhan. you shouldn't see disruption as far as from apple. neil: people talk about a black swan development, something very few if any saw, the china virus situation might be that. the argument goes as you know very well, a slowdown there or consumer contraction there, people are not traveling as much from there, going from there to there, it has a spillover effect. in fact that economy, the ability to make good on some of the purchases that it planned and promised to make under this trade deal. do you think that is overdone? >> i think it is overdone right

now because i don't think it is a black swan esent. china is trying to go from manufacturing economy to consumer economy. when you have something like the coronavirus that dampers consumer sentiment so you will not see people spending. 36 flights between the u.s. and china every single day, 13 cargo flight, you will see potentially drop of 75% in traffic by some estimates that makes sense when you see 60% of the flights are leisure flights. take a business, non-essential, you could get to the 75% number but when you look at the overall impact about a million people will be lost going into san francisco and lax from chinese flights. that is out of 120 million total that go. it is negligible as far as the globe but as far as china, yes. if this gets much worse the consumer there could work and china could bring a drag down on global gdp. neil: real quickly, i tend with my gut, and you have a far

better one this is used as excuse to sell, take some profits. a lot of people had very, very heady gains. this is that moment, seize it and move on, what do you think? >> absolutely. people are nervous. when you look at global events, calls for recession, doesn't look like anything will happen as far as manufacturing or the economies in the major world right now going on as far as causing recession. a black swan obviously cannot be predicted is something that people have worried about. this is opportunity to pull some money back. when you look at potential black swan, something like iran, kashmir, something like brexit could turn out very badly or something in china started with the coronavirus. when you have four things out there 85% chance they don't happen, there is 50% chance one of them does. mathematicians look at this from probability analysis there is 50% chance some type of global event happens in the next year, to year-and-a-half that could affect the global economy. i think that causes people to worry.

neil: john layfield, thank you very, very much, my friend. we're monitoring the president with the prime minister of israel, benjamin netanyahu. they're talking up that trade deal. there are no plans for questions at this event but we are going to be looking at the impact of that deal, the fact that the president, this is a familiar theme, going about doing his business, going about touting the economy, looking for a lasting peaceful settlement in the middle east just as he was in davos last week. the trillion, says the economy is the envy of the world and hopes by extension an end to the impeachment fuss in the process. stay with us. you are watching fox business. ♪. this commute's been pretty rough, huh? it's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go!

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of the united states announcing a middle east peace plan, that hopes will end what centuries of hostilities between jews and palestinians, certainly since the formation of the israeli state back in 1948, juxtapose against impeachment of said president, at a time when we got markets today the a evident loo soaring, collectively soaring, only 2% from the highs reached last week. it is remarkable sort of confluence ever events. to hudson institute senior fellow rebecca heinrichs. maybe on the bigger peace plan goal here, rebecca, so far palestinians don't want anything to do with this. they say it is tilted towards israelis. the president indicating as much, that is a big hill to cross. he is optimistic they will like what they see eventually. what do you think? >> well, the palestinians rejected it before they even knew any of the contours of the agreement. neil: good point. >> that tells you where the

palestinians are but i think what's different about this approach, the trump administration approach compared to previous attempts is that the, the united states worked with the israeli government. there is a bipartisan agreement inside of the israeli government this year. bibi netanyahu sports this. leader of opposition party benny gantz supports this. there is many specifics that he didn't address today but he did that they're showing a they're making a very good-faith effort to do this. then the onus on the palestinians to come to the table, rather than trying to horse trade and force the israelis to concede and treat two sides as equal, which they're not, they're putting onus on palestinians to stop the violence, take four years to look at the contours of the agreement and hopefully make the decision to lay down their arms and have peace with two sovereign states, palestine and israel side by side. neil: you know it is interesting

no arab state publicly come out to endorse this. there is obviously a lot, you educated on this many, many times behind the scenes we don't know. what do you make of that? >> i thought it was interesting that the president pointed out the ambassador to the u.a.e., oman, bahrain were present at this press conference with the president and bibi netanyahu. that is amazing. this is actually just, this deal, that the united states is working with the israelis, it is one part of a larger middle east earn approach. it is also, as the president pointed out in addition to these arab individuals represented there, that the united states also pulled out of the iran deal. so there are multiple moving parts that really construct an overall approach to the middle east, that really centered on cooperating with traditional arab gulf partners, who are having a softer stance towards israel and saudi arabia,

has though not present, has been taking softer approach and pushing back to counter iran. worthy, brian hook, the president's special envoy to iran was present in the room at this press conference. it is significant. you know the cautious optimism i think is warranted here but ultimately at the heart of the problem is anti-semitism on part of the palestinians that will not be involved by any kind of peace agreement. neil: that is worldwide issue, isn't it? rebecca, thank you very, very much. >> thanks, neil. neil: more on the coronavirus right now. hard to extrapolate too much from this. fears it is not ramping up out of control, when the fact of the matter it is going up with double-digit increases every day. at least reports out of china it has engulfed two dozen nations. we're on high alert in this country, so far advising folks it is probably not a good idea to go to china. as of. more after this.

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neil: all right. who's ready for an impeachment trial. day seven kicks off like now. we're told that republicans will make their final arguments to respond to house democratic managers who laid out a case for impeaching the president. they will take the tact, not shockingly, there's no reason, no grounds to impeach the president. then the bigger question becomes if they wrap things up earlier than the eight hours they're allotted today and that is pretty much a guarantee, then with cross-examination how far does this debate over witnesses go. we are monitoring that. it's had no impact on the markets one way or the other. the impeachment process has been one of those events that maybe gets pundits excited but not investors. what has investors a little bit more excited is this idea that

maybe they were overworrying about the china virus thing. it's a little too soon to say that, especially when companies like united airlines say that due to load factors, obviously a sign that they are dealing with declining load factors, they are updating their schedule, suspending some flights to that neck of the woods. it's been one of those things that's been weighing on airline stocks, certainly, that there's going to be less demand not only from folks flying out of china, but folks wanting to go to china, and that could have sort of a spillover effect. meanwhile, the health and human services secretary alex azar urging transparency from the chinese. take a listen. >> we are urging china, more cooperation and transparency are the most important steps you can take toward a more effective response. beyond that, all options for dealing with infectious disease spread have to be on the table, including travel restrictions. but diseases are not terribly good at respecting borders. i will remind the american people one more time, we are

working hard to keep you safe. we are constantly preparing for the possibility that the situation could worsen. neil: all right. which could explain the state department guidelines, cdc and others saying we're not forbidding you to go to china, we just don't think it's a great idea. which is probably an understatement. anyway, to nyu medical center physician, dr. raj, good to have you here. what do we do? obviously people are panicking, doctor, obviously in that country, obviously china, where it all started, but the growing concerns about this incubation period, 14 days, that means a lot of people flying from there, arriving here, exhibiting none of the symptoms eventually will, and you can play out the fears. what do you tell folks? >> well, look, you and i are here in new york city and this is home to the highest chinese population outside of china so we are definitely going to see cases of the virus here. it's not a question of if, but when. and the question is should we be panicking about it.

i think we all have to be careful using that hand hygiene that i'm always talking about during flu season a little bit more right now, because we're not only worried about the flu but about this virus as well. and the symptoms, to be on the alert for them. they are really similar to cold and flu. runny nose, cough, fever, headache, because you know, if you have these symptoms and either you have been in china recently or you are in contact with someone who was in china recently, you should definitely go seek medical attention and get tested. right now, we are seeing alarmingly increased rates in china. overnight, it kind of almost doubled, but in the u.s., it's still certainly not at that rate and it's an evolving situation. i think the next couple weeks will give us a lot of information about just how worried we need to be here in this country. neil: you know, i had a number of experts from china who were, you know, had experience from the tiananmen square uprising, one woman was very suspicious of anything she hears out of china, doesn't trust anything she hears, and then you get these

reports of five million people who before the quarantine went into effect, either got out of the area or snuck out even after the quarantine went into effect. we just don't know what to believe, and when you hear provincial leaders there saying they're not free to talk until they get the clearance from the chinese government, it's easy to play up the paranoia. what do you tell folks? >> yeah, you're right. i will say that compared to what went on during the sars epidemic, the chinese government and officials seemed to be a lot more transparent than they were back then, but there is still room for improvement, absolutely, and that is going to be the key to this both in their country and worldwide. one of the issues is testing and sharing information so right now they have a shortage of testing kits for the virus in china. here in the states, the cdc is the only place where you can get tested right now but they are working rapidly to make that test more available worldwide. so global communication and cooperation is absolutely going to be vital in terms of minimizing the illnesses and deaths. neil: real quickly, doctor, what

do you think of this young guy, i think 33 years old in bavaria, germany, who did not visit china, apparently contracted it from a colleague at work? >> that's right. neil: that was a little weird. >> absolutely. so there are two very worrisome cases, one is the one you just spoke about in germany, another in japan. both these cases where people hadn't actually traveled to china. they were in their own country but in contact with someone who was recently in china so this was the first human-to-human transmission that occurred in a country outside of china. that's what we have to worry about, because then you really, even if you have never been to china, you have to worry about anyone you potentially could meet who has been there recently and you could even spread it to someone else. we have to keep a very close eye on that. that hasn't happened yet in the u.s., but unfortunately, that may come soon. neil: all right. doctor, thank you very much. wise words, all. we appreciate it. meantime, whether the selloff we had prior to today was just an excuse to take some profits or it does represent a turn in sentiment for worries

about the coronavirus, let's get the read from our experts. john lonski, danielle dimartino booth, former dallas fed adviser, and last but not least, "new york post" editorial page assistant. danielle, people generally in times of crisis sell first, ask questions later. i don't want to pounce on this moment as being a sign of turn-around but do you think this selloff is justified? you could make the point that there are a lot of worries and unanswered questions, lot of suspicions about how forthcoming the chinese have been. what do you think? >> i think perspective and context are what are most important right now. back when we had the sars outbreak and were dealing with it, it was a much more secretive chinese group of officials -- chinese gdp was 4% of the global economy. today, it's 16% of the global economy so it's quadrupled in terms of its position, its

footprint in the world, so i think that markets are right to be worried. germany's export engines still rely on all those exports to china. it's its biggest market. we are just now starting to see signs of stabilization in germany and a lot of the enthusiasm we came into 2020 with was predicated on this idea that we were going to have this synchronized global reflation trade that followed the phase one treaty being signed. so it calls into question a lot of these things because as officials have been made known, there's a great johns hopkins website as well, the virus is now in every single one of the 32 chinese provinces and i'm not sure what portion of the border at this point is open. so again, this is a large economy, it's part of the global supply chain, so i think drawing too many parallels with 2002 is probably premature at this point. neil: ultimately, in 2002-2003,

a vaccine came up, we dealt with it here. we are still waiting for that. your thoughts? >> well, as danielle said, we were just starting to breathe a sigh of relief after the phase one deal with china and this is another punch to the gut. neil: that they can't deliver the goods on that because of this? >> absolutely. i think that right now, the uncertainty is you really can't predict what's going to happen with this virus. we don't know how widespread it's going to be. we don't know if a vaccine will be developed. we don't know if china is giving all the information on how widespread it is at this time. a lot of the rocky period that's going to come for the markets in the coming months will be from that uncertainty and unpredictability. neil: one of the things that's been interesting, gold has been a flight to quality. bonds up until today, but still, very low interest rates, a flight to quality. what do you think of that? >> that's right. we are finding the equity market, utility share prices have been up since this outbreak of fear over the coronavirus, and you were talking about low

interest rates. one of the huge subfactors of the equity market to advance over the past week was housing sector share prices. they're up because of lower mortgage yields, thinking that housing might benefit. neil: we have seen that, right? of course, that could be a response to low interest rates. do you see that continuing? >> i do, actually. what was really interesting to watch in yesterday's trading was that the market began to price in a fed rate cut this year. i think fed officials have really been remiss to go that way, but again -- neil: would they signal it now in this environment? >> that's a very good question. it will be asked, for sure, at 2:30 p.m. eastern when powell hits that podium tomorrow, after the fed meeting comes out, and i'm sure he's going to say something to the effect that it's too soon to say or make any calls, but again, the fed has never fought the market if it is fully priced in a rate cut, and as before these headlines hit, there was one price cut priced into 2020. now we have more than one price

cut priced in for the year, and a timetable moving up. that is going to continue, though, to benefit housing, if there's a presumption that mortgage rates are going to continue to come down. neil: real quickly, both my producers will kill me, as they should, but i was thinking in our last conversation about young people and reluctance to dive into a market that's had impressive runup, does this whole craziness give them pause? >> i'm sure that it will. any young people who have spare income to invest are going to be thrown off by this, especially right after that phase one deal with china. so yeah, this is just going to decrease their optimism about the market. neil: yeah. all right. see what happens on that front. meanwhile, the impeachment hearing is on. the big question right now is openness on the part of some republican senators, i stress some, because right now you are going to need four to call for witnesses. but the president ignoring all of that, focusing on the

strength that he says is going his way, including the economy. he will be in wildwood, new jersey tonight. already big crowds there as we speak. they only have about i think it's 1,000 spots and more than 10,000 have applied. more after this.

neil: all right. well, they're not taking all the time they have. this wraps up day seven of this impeachment trial. we're told the republican argument ends there, that they won't go the full eight hours tonight and then again, the cross-examination phase and they hope without witnesses, and they move on. to liberty file host fox nation, judge andrew napolitano. that might be a big mistake on their part. always good to have you. what do you think of that?

they will try to avoid witnesses at all costs. >> i think that could be very difficult to avoid witnesses at all costs, because of the leaked portions of john bolton's book. now, whether the leak was appropriate or not is another story, but -- neil: or hacker, right? >> correct, but the happened. bolton hasn't denied it, the publisher hasn't denied it, his lawyers haven't denied it. we know john. he used to work here. he's an intelligent, strong-willed, meticulous person. neil: a conservative icon until he wasn't. >> a conservative icon until two days ago. now the things they're saying about him, sounds like they're talking about nancy pelosi. but he has come out with something that goes to the core of the case. many of us said to the president's people after the impeachment don't argue the facts, concede the facts, just argue that that does not constitute impeachable behavior. neil: so that it might be unseemly, trying to pressure a country to spy on somebody, but it's not impeachable?

>> correct. the president -- neil: by the way, is that right? >> i think it is impeachable but that is at least a plausible argument -- neil: because i have heard that from republicans now, even if it's true, they say it's not true, but even if it's true -- >> it's a plausible argument on which reasonable lawyers can disagree. but now that they chose to argue the facts and without any witnesses supporting their side of the facts, and now that this witness at the core of everything, who had personal conversations with just the president, has come forward with a version 180 degrees from theirs, i think they are stuck with this. i think many republicans are now going to say we have to hear from bolton. it can't be a press conference, because he's not protected for what he says. neil: what if he were a guest on the show? >> he can say what he wants but he could be pursued for revealing secrets. can't be pursued for revealing secrets when he's under oath in the well of the senate. neil: what if he's a guest on this show and revealing secrets?

what do they do? >> he could be prosecuted if it's a classified secret. neil: well, the administration will always argue that, right? any administration. >> but they can't make that argument if it's on the floor of the senate. he's absolutely immune and is protected. neil: where do you see this going? i use the markets as a prism. i know you criticize that but it's all about money to me. i think this is a non-event to them. maybe prematurely but -- >> i think it's a non-event for the market as well. look at today, a nearly complete rebound from yesterday. neil: by the way, yesterday had nothing to do with that but maybe a selling opportunity because of this virus thing and that might be premature. >> i don't think the market is going to react adversely unless they think that donald trump's presidency is in danger. i don't believe it's in danger from this impeachment. neil: here's another argument. i know we are going outside your comfort level here, but even though you know quite a bit about the markets, but this notion that the push for witnesses, because republicans will demand say hunter biden,

the back-and-forth will add considerable time to this trial. >> that will happen. neil: then what? >> i believe once bolton testifies, whether he testifies in deposition and they broadcast videos of it or whether he testifies live in the well of the senate, under the senate rules he's got to do the deposition first, it's going to delay things. it's going to extend things. i believe it's going to open pando pandora's box. it's going to open calls to lots of other witnesses to either rebut john bolton or reinforce john bolton. suppose bolton testifies to conversations he and the president had alone. who is there to rebut what john bolton says? neil: that's what a lot of republicans are saying about not having bolton, because he said/he said thing in a lot of cases and what have you proven. >> that's the republican argument. i think that's a very difficult argument to make right now, where it appears that a lot of republicans are rethinking the no-witness rule and are going to try and construct some

scenario -- neil: you think they have the votes to do that? >> yes. neil: you do? >> i also think they will construct a scenario where they will get witnesses as well. there's two ways to call the witnesses. 51 votes by senators or the chief justice just calls a witness. neil: can he do that? >> yes. that is not subject to review by the senate. neil: so if the chief justice had to subscribe to whatever the senate tells him to do? >> not with respect to calling witnesses. as the presiding officer, he has that inherent power. if adam smith says we call john bolton, the chief justice can do that on his own. in order to rooefeverse that, t have to change the rules and that would be subject to filibuster which requires 67 votes. neil: oh, my goodness. >> you like the math. neil: good job, my friend. thank you very, very much. calls them as he sees them. his own man. there's something to respect about that. meantime, san francisco 49ers certainly, and the kansas city chiefs, who do you think

has the bigger payroll and who do you think has the edge because they have the bigger payroll? what if i told you it has nothing to do with the payroll but it is interesting? after this. i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ the better question would be where do i not listen to it. while i'm eating my breakfast... on the edges of cliffs... on a ski lift... everywhere. for a limited time, go to audible.com to save $50 on your first year of membership. i am not for ignoring the first sign of a cold. i am for shortening my cold, with zicam! zicam is completely different. unlike most other cold medicines, zicam is clinically proven to shorten colds. i am a zifan for zicam!

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get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. neil: you didn't hear this from me but apparently there's a big football game this weekend. san francisco 49ers/kansas city chiefs squaring off on fox. both teams taking different spending paths to get here. the 49ers spending the most on salary cap. the chiefs actually spending the least. but here they be. battling it out for football's highest crown. let's get to that with three-time super bowl champion. very good to see you. you look great. >> thank you. neil: you guys take good care of yourselves. so you have been there, you know what it's like.

i always wonder for the teams involved, it's been a long time since the chiefs were there. and that that could work against them. what do you think? >> no. neil: okay. >> because the players are who's on the field and the owners, yes, they have been there but the players, i don't think anybody on either team has really been to too many super bowls. neil: the 49ers are the yankees of football, right? >> i think so. neil: what have they done? how are they able to exceed caps to get there? >> they have always been a very player-friendly, i played with them in the '90s, i played two years, i got there as a matter of fact their last championship, i was on that team. just a very, just a comfortable place to be. neil: you left and they went to hell. >> not quite that way. but you know, i think, listen, they have -- they went out and spent well. john lynch did a great job in getting the right guys and filling in pieces and kansas city's kind of been building it

since they brought in mahomes and they are going to face it with, you know, when he comes up year after next year to what they are going to do, how it's going to hit their salary cap. neil: the chiefs quarterback is paid a quarter of what the 49ers quarterback is. i know that's just the nature of the beast and that might change next year and all. do you look at that? have they ever done studies on the less expensive quarterback and how he fares? >> i don't know. i'm an offensive lineman. neil: you just protect the guy. >> you know, he's on a rookie contract, so when patrick's contract is up next year, he could be the first $40 million guy in the nfl, given where the salary cap keeps going up and the revenues and quarterback is a premier position. neil: absolutely. i was thinking of you, maybe you can help me with this, as far as this notion that normally, money advances you into, you know, a

post regular season. the patriots are certainly a good example of that. it doesn't guarantee you get to the final dance or win the final dance. so here you have the least expensive team versus the most expensive team. it is odd. have we ever had anything like that? >> i don't know. you know, it's just more recent that, you know, the explosion of all the information out there and analysis of different positions and the salaries and really kind of the public information about the salary cap was really pretty much held within the teams and they have let that information out, and through the internet, there are sites you can go on and see everybody's salary and trends. neil: when you look at those salaries, when did you leave the game? >> i retired in '96. neil: okay. say it was a little less than the figures we are looking at today. do you look at that and say boy, if i had been in it 20 years later? >> no, i don't. neil: i asked joe theismann that. he said immediately i wish i were. >> i'm kind of glad.

the size and my position has changed so much, the guys are so much bigger. i was -- i came in about 270 pounds and probably got up to 285, 290, you know. that's the size of tight ends now. neil: you're right about that. >> so i'm kind of glad i got in when i did and very happy. neil: for a lot of folks looking at this, it's obviously there's a lot of money, a lot of interest, but i always ask guys like you have been there, done that, what kind of game it will be, high-scoring game, do you think, sometimes we're surprised, last year was kind of not exactly a dramatic game, so what do you look for here? >> you know what they say, when you ask a former player his opinion and his analysis, typically if you want to win money and you're betting, you go against that. neil: i don't think so. >> that usually works. to me, i thought that looking at the kansas city chiefs last

week, their offensive line just played superbly, protected mahomes and then you've got the 49ers, on the other hand, that have a defense that just their front guys without having to blitz and do other gimmicks just get after a quarterback, and to me, it's going to be really determined how those -- the kansas city chiefs, their offensive line plays against that 49er defensive front. if they can block them like they did last week against the titans, i think they have a good chance of winning. neil: tom brady, what do you think? where do you think he's going to go? >> wherever he wants to. he's tom brady. he's the g.o.a.t. neil: i can't see him leaving the patriots, can you? >> i don't, you know, but you never know. listen, if something else pops up, happens, opens up on the west coast, who knows what might happen. neil: you never know. it's big money, regardless. bart oates, nfl alumni association president, former nfl player, three-time super bowl player, top that, and he could crush you with one hand,

so that's why we avoided tough questions. we are up 220 points on the dow. more after this. we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa

neil: all right. if you are running for president, this is the time you want to be doing well, and bernie sanders is doing very well, in new hampshire, also doing quite well in iowa, where we will be in a few days to cover that state's caucuses. meantime, hillary vaughn is joining us now in iowa to break

it all down. reporter: hey, neil. former vice president joe biden says he wants to apply social security payroll taxes to income above $400,000. that would be a pretty big change because right now, social security tax is capped on income over $137,700, but this is a trend his democratic rivals are also picking up on. amy klobuchar, bernie sanders and elizabeth warren all say they want the payroll tax to apply on labor income over $250,000. right now, social security taxes are not eligible for any deductions so the increase would be a pretty big cash grab. the democrats in congress might be more willing to get behind it than some other tax ideas coming out of this 2020 race like a wealth tax. we talked to voters inside, listening to joe biden right now about what higher taxes mean for them and if they care about higher tax proposals, but a lot

of voters told us they aren't turned off by higher taxes. >> i'm actually more concerned about the fairness of taxes. reporter: are you worried about these? >> no. i'm worried about the morality of the country. reporter: democrats also want to raise capital gains taxes by double digits. biden, buttigieg and warren all want to raise that tax to 39.6%. that's almost a 20% increase, neil, than what it is right now. neil? neil: hillary, thank you very much. back with the panel. ma matty, to you first on this. that is a tax that affects everybody, the payroll tax, if it goes up to the degree senator sanders wants and by the way, he's not alone. as hill lar poiary pointed out, are varying degrees to which they will target that, that's a big jump. >> remember that over 40% of americans don't have an income tax liability but every worker in america has a payroll tax

liability. so increasing that payroll tax is highly regressive and every worker in america will feel it plus all the professionals tell us an increase in the payroll tax is going to result in decrease in wages so employers can shoulder that heavier burden. what that will do is decrease productivity, decrease take-home pay for workers. if that's the vision democrats want to give americans that's one thing but it seems like an unlikely vision to win over americans, particularly in a key state like iowa. neil: one of the things that people look at when they look at the democratic candidates, they all want to raise taxes to some degree and they say that that, for markets, would be a jolt because they are used to taxes being down at this level. even a novel uptick would be jarring. do you buy that? >> well, look, it's a matter of simple math in a country where last year, for example, 90% of gdp was consumption. so normally it's closer to 70% of the economy, but this would be a serious hit to consumption and almost certainly spook the markets and bring on recession

risk very very quickly. if you are talking about that magnitude, again, of a hit to consumption in a consumption-driven economy. neil: you know, the argument the democrats have, everyone was worried about that when bill clinton became president, he raised taxes on the upper income. he did lower business-related taxes, we had a market boom that was very very strong. what do you think of that? >> if you look at what bernie sanders' supporters are concerned about, i think it's what that gentleman said, he's not worried about raising taxes, more about tax fairness. what bernie is selling to his supporters is that even though we are going to raise your taxes a little bit, what you get in return for that will also be greater and we are also going to raise taxes for the 1%. that's the line, right, 1%. as long as he drives that message home and his supporters trust him, which they do, i don't think he's going to see a lot of pushback from that. neil: if he were the standard bearer, and that could happen, the market response would be?

>> negative. let's not forget that we don't have many defined pension benefit programs anymore. there's 100 million americans that are depending upon their 401(k)s to fund their retirement, and if the stock market goes down significantly because who the presidential candidate is, it's going to make it all the more difficult for that candidate to win the election. this upcoming election, you will never have the equity market matter more compared to previous elections as far as what the outcome of the election might be. i think that's a very important point. neil: a lot of people look at it that if bernie sanders were the nominee, he would guarantee donald trump's re-election. of course, a lot of republicans hope that or democrats hoped it would be donald trump last go-round because he would be easily beatable. we know what happened there. what do you think of that? >> i think that so far the democratic primary has made it very difficult for donald trump not to be president come 2021.

you see that in all the ideas we discussed around the table, with the wealth tax, with an increase in payroll taxes. that is a radical departure from where the democratic party used to be and that will be reflected in the base between vice president biden and the rest of the people running for president, because that used to be the vision that the democratic party had for the united states and that is no more. neil: we still have deficits running out of control no matter who's in charge. >> that's right. neil: you know? it's on you, by the way. john and i are going to dodge it. hate to break it to you. >> we're working on it, neil. neil: i know. i know. >> i honestly, truly believe that young people have kind of been burned by both parties in the sense that it's almost not even on their minds anymore because again, if both parties inflate the deficit every time they're in charge, what do you have to lose by voting for whoever you want? >> interest rates are low, the dollar is strong, the giant deficit doesn't matter. who cares. but one day, interest rates may climb higher, the dollar may start sinking and then you will have a big headache. >> millenials have zero concept

of debt. zero. neil: all right. people are fleeing a lot of high tax states but it's how they're doing it, using facebook, that's kind of interesting. after this. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. ♪ ♪ everything your trip needs, for everyone you love. expedia.

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not work with huawei on sensitive functions essential to their core networks. the uk has also placed a cap so that means no more than 35% of vendors' equipment can come from huawei. this is both to ensure the uk won't solely be dependent on huawei. over the past year or so we know the trump administration has accused the company of having ties to china's communist party and tried to block huawei from most markets because it deems it a security threat. today, the united states senior official issued a response stating, quote, the united states is disappointed by the uk's decision. there is no safe option for untrusted vendors to control any part of a 5g network. the statement continues on to say we continue to urge all countries to carefully assess the long-term national security and economic impact of allowing untrusted vendors access to important 5g network infrastructure. we know this move could put a strain between the united states and the uk. earlier this month, a bill was introduced that would stop the

united states from sharing intelligence with countries that use huawei equipment for their 5g networks. that could include the uk but the bill is not yet law. as of early december, australia, new zealand, japan, taiwan and the united states have decided to ban huawei. neil, we know this huawei issue clearly shows how countries have to pick sides. back to you. neil: thank you very, very much. in the meantime, china's coronavirus is becoming the world's financial plague not today, but concerns that as if we doubted china's growing influence in the world, again, it's about eight times bigger as an economic power than it was back in 2002-2003, during the sars crisis. so we might not be over this if it looks like china might not be over this, no matter what the markets are doing today. to "making money" host charles payne. what do you think of that? at the very least, it could mean and assuming china gets this under control, that's the hope,

that they are going to be hurting economically. they are not going to be able to buy as much, do as much as maybe we counted on. what do you think? charles: maybe, but let's always remember china finds a way to create money. they've got a central bank, they've got big spending plans. they were already going to probably inject some money into their economy also. if you think about the great recession and just how much money they poured in, maybe they will build another half dozen ghost cities but they are on a mission. with their gdp now down to 6%, i think they want to really really draw the line there. i think they are going to do anything to pull out all the stops to make sure it does not get below that level. neil: nevertheless, we have reports that better than 60 million quarantined, close to a dozen cities and smaller towns, that's pretty weird. but it raises sort of paranoid fears that this is bigger than they're admitting. what do you think? charles: no doubt about it. i don't think that anybody believes the numbers that are

coming out of there, although china gets high marks for being a lot more transparent this time around. to your point, taking very decisive action, locking down almost 60 million people. the world health organization is over there. if you listen to president xi yesterday, what he said, that this coronavirus is the devil but also hoping that the world, especially the world health organization, is patient with this, in other words, i think what he's trying to suggest is hey, we are doing everything possible to contain this, don't label this a pandemic or global threat, so it's going to be interesting to see what the world health organization comes up with next. neil: all right. charles payne, thank you, my friend, as always. he's coming up in just about 13 minutes from now. meanwhile, room for rent in space? how nasa is looking to help you hang out at the international space station. after this.

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neil: it's taking the commercialization of space to new heights, adding a room for rent on the international space station. we have already volunteered. charlie gasparino. in the meantime, deirdre bolton with the details. deirdre: your next workplace may be on the international space station. astronauts in training, scientists doing research, they will probably be the first kinds of professionals to use this very unique co-working space. nasa has been trying to commercialize space for a few years, so they have this partnership with axiom space. it's the first step towards i'm not going to call it mainstream

adaptation but semi-mainstream. axiom planning to offer a commercial gateway allowing researchers, manufacturers, wealthy tourists, the chance to visit low earth orbit for work or pleasure. timeline, not quite yet clear, but axiom says it would like to start sending clients to the international space station as soon as 2021. there are a few billionaires whom we know well working on getting people to space for tourism and profit. you have of course elon musk with spacex, sir richard branson with virgin galactic and jeff bezos with blue origin. elon musk says his company will fly a japanese billionaire and his guest around the moon aboard its big falcon spaceship in 2023. sir richard branson planning to take a test flight, a spaceship this february. tickets will be hundreds of thousands of dollars for the other available seats. jeff bezos often refers to his work with blue origin as his most important. blue origin plans to charge

customers between $200,000 and $300,000 for a brief sub orbital flight aboard its new shepherd spacecraft sometime this year. if you believe those three entrepreneurs, there will one day be millions of people living and working in space. back to you. neil: i can remember years ago they had, you know, a couple rich guys who paid top dollar to get a space ride. this is just a longer ride, i guess. deirdre: that's right, a longer ride and maybe even an office space. neil: can you imagine that? thank you very, very much. meanwhile, leaving the golden state for the lone star state. my next guest wants a facebook page to help californians relocate to real estate agent who says this is really not just about the cost of living. a lot of other factors there. marie, good to have you. how does this work some expla? explain what you do here. >> so i'm a realtor in texas and i moved here from california, and when i decided to become a realtor, i created a facebook group called move to texas from california and now our

membership is almost 17,000 people. neil: wow. what do you promote on the site? >> we talk about just the daily minutae of moving cross-country because these are people that are moving their entire families from california to texas, and you know, we talk about some of the things that anybody would want to know about what is it like, what's the shopping like. i'll do tours of a nail salon, just because that's real life, you know. sometimes we always see perfect pictures of somewhere and what i like to do is talk about what it's really like, what the weather is like. that's a big -- neil: can you tailor it to where they want to be? obviously there's a big difference going to the dallas area, san antonio or austin. i'm not talking just the politics, it's the environment. how do you gear it to those who ask the question? >> so everybody gets involved because there are over 16,000 people in the group, so people will ask a question, and say hey, i'm moving to austin, can

you tell me, you know, are there a lot of jobs in this area and inevitably there's people that have a lot of information. because i'm in the dallas area, i stick to my specific area. when i'm chatting with people. but everybody kind of gets involved and they create their own little community because it's a niche and it's something so many people are doing and we all kind of want to get to know each other. neil: what's the biggest issue they have? you're moving from california, the first thing is we're going to miss the weather, not the high taxes, we're going to miss the weather and all that. in texas, certainly in the summertime depending where you are, it's a little different. what do you tell them? >> oh, it's hotter. you can't get around that. i mean, some people ask where can i move to that's not as hot and i'm like that's part of what you are giving up in california. so that's definitely a hot topic and politics is a huge topic in there, because many people are moving for political reasons. neil: is that right? i mean, i know florida has this,

i don't know if texas does, they have a calculator how much you earn, say in a high tax state like california or new york and what you would make let's say in a state like texas, and that wins them over. the weather notwithstanding, huh? >> yeah. yeah. and because a lot of the people that are my personal clients, they will say just like i did when i moved here, like the beach is amazing but i'm working all the time to afford to stay here, how often am i really going to the beach. neil: that's a good point. marie daily, thank you. very creative way to draw people's attention to not just the tax part but all the other parts. lot of families and their kids ask about. good luck with this. thank you very much. >> thank you. neil: all right. leave you with the dow up about 232 points. by the way, nike's website is selling out of kobe bryant merchandise, all of the merchandise, in the wake of his death. we'll explore that, what's going on, after this. verizon 5g different i talk about firefighters.

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neil: i want to take you real quickly to the floor of the united states senate, jay sekulow, one of the president's legal eagles is spelling out the case that the house managers never made their case. there should be no reason to impeach the president of the united states. he has not addressed, from what i understand anything having to do with witnesses or whether john bolton should or shouldn't talk here but the backdrop for all of this, is a market coming back, a case-shiller index showed home price growth accelerated 3 1/2% in november year-over-year. that pace is picking up here. that is sort of the wind at the president's back, the good economy he is bracing about. he took the opportunity to continue doing his business, while much of the punditry world is focused on impeachment. saying hopes to get a middle east peace agreement started with the palestinians and israelis. the palestinians no-shows at this big event indicating at this time they think it is too much slanted in the israelis

favor. as the president is getting ready to speak tonight in new jersey, wildwood, new jersey, on behalf of that democratic congressman become a republican won, he wants to win as republican, he thinks his odds are better. with the president helping out might be. here is charles payne. charles: good afternoon, everyone. this is "making money." we're back if the green edging higher in response to corporate earnings. stocks popping after the strong consumer confidence report. meanwhile investors continue to closely monitor the coronavirus outbreak. plus we're all on the edge of our seats as one of the biggest companies, perhaps the most influential in the world, apple, they released earnings after the bell. we'll give you a preview before. president trump unveiling the "deal of the century" today. his plan to bring peace to the middle east. we'll get reaction from state department spokes important morgan ortegas. there is this. >> donald trump couldn't find ukraine on a map if you had