tv Cavuto Coast to Coast FOX Business January 29, 2020 12:00pm-2:00pm EST
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we'll get it 8:30 tomorrow morning. i'm not sure what quarter it refers to. larry kudlow will be on the show. comments about the economy, fed, inflation, you name it. he is a favorite guest. fourth quarter figures that we get tomorrow. can't wait. neil, it's yours. neil: stuart, thank you very, very much. 25 years after the first nafta agreement, that was also heralded by bill clinton at the time something that would change our trade picture dramatically. this president rips that up, starts all over and says that his deal is better. time as they say will tell. welcome, everybody, i'm neil cavuto. the president signing the usmca into law and touting what he expects will be a huge victory for the american people. take a look. >> everybody said this was a deal that could not be done. too complicated, too big, couldn't be done. we got it done. today we're finally ending the nafta nightmare, signing into law the brand new u.s. mexico canada agreement.
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very special. neil: all right it remains to be seen whether this will be a solution to that nightmare. others interpreted first nafta deal that was a boon to union workers. the devil in the details. canada, mexico, united states making good on that. optimism ahead of that and with some key earnings out including apple and mcdonald's, and even boeing with a writeoff that was substantial but enough for the market to say maybe it is rounding this 737 max nightmare. too soon to tell. this much we can tell you right now, the dow is up 116 points. most of the dow contributors are again economically sensitive issues that have been caught up in this virus storm out of china. jackie deangelis is here to sort through it all. hey, jackie. reporter: great to see you. when you look at the coronavirus. we're watching it closely. this could have impact on the market this is one of those black swan events you can't plan for, we don't know where it will
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go. market watches are standing back, take a deep breath and watch closely. look at other signs where the economy is doing well. they're buying back into the market after the steep drop we saw on fears of after the drop on monday. we're in full earnings season. hearing positive things apart from issues in china from most of the companies. apple is doing really well. even boeing took the black eye, there is a lot of confidence that the new ceo will turn things around, sort of bring the company back up to par so people feel optimistic about buying stocks, even at these levels. neil: i notice in his case, boeing ceo, telling maria, with this charge and writeoff, it wasn't 25 or 30 billion some had feared. only 18 billion. still a lot. but what you expect versus what you see. reporter: absolutely. people look at boeing, they sort of know it is too big to fail. it is not going anywhere. they look at the ceo, he is starting from a clean slate to a certain extent.
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he has been with the company but he will turn it around. there is a timeline in place to make sure to make a safer product to the marketplace and that is all positive for the stock. neil: we talk about earnings, four earnings, prior quarter not the one we're in, they have to revamp adjust to exposure to china, build it into expectations. apple, tim cook, kind of said i'm watching this. right now we have lot of exposure in that neck of the woods. what multinational doesn't? >> yeah. neil: but they have so far to a company not telegraphed big trouble yet. >> nobody has just yet. the one i would be the most worried about at this point in terms of my research is probably starbucks, huge exposure to china. a lot of analysts were looking at china even before the virus. we need to see growth there. there is one of the key markets. they had more than 4,000 stores at end of next year. they will close half the stores as a result of this virus. obviously food, public places,
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it is something to think about. it is going to have huge impact. where tim cook is saying, listen, warning employees, don't travel to china. we have our factories under control. even if there is an issue that wipe as factory out, for example, we have back up operations in place. we're ready for this. so, different stories happening at the same time. neil: got it. jackie, thank you very, very much. jackie deangelis. it is estimated usmca could add another 176,000 jobs to the economy by 6th year. with us u.s. labor secretary eugene scalia. what impact this deal will have on a host of groups, including farmers. the president kept pounding that on the south line of the white house. mr. secretary, good to have you. >> good to be here. neil: do you know where that figure came from, sir, the 176,000? >> well the u.s. international trade commission took a careful look at benefit we could expect from usmca sometime ago. they're just immense. in fact we think the jobs could be, you know, substantially higher than that, as many as
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500,000 more u.s. jobs. gdp growth of 230 billion has been the estimate. it is historic day, an historic achievement for the president. as he said earlier, neil, this is, maybe the biggest factor for him, just in deciding to run for president, was his dissatisfaction with nafta. his belief it was bad for american workers. costing us jobs and he has turned that around. it is an historic day that comes in the midst of just a tremendous economy we have as well. neil: mr. secretary, i'm probably showing my age which i shouldn't have been, i was there for the signing of the first nafta agreement the way it was heralded with bill clinton at the time. i can't believe it is a quarter century ago. one of the things mentioned then it would be a boon to workers, particularly manufacturing workers. it didn't quite turn out that way, but it wasn't a total disaster, depends on your perspective lear. do you think we're getting ahead
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of our skis with some of the lofty ambitions here? >> you know this agreement has the best, most effective labor protections of any trade agreement ever struck anywhere in the world. neil: as you know bill clinton, sir, bill clinton said the same 25 years ago. i'm not meaning to dispute you. he also had high expectations about provisions that would protect u.s. factory workers. didn't quite turn out that way. >> no. this is a totally different agreement. that is why the president was dissatisfied with nafta. that is what he said about negotiating these completely new terms. we have got labor provisions apart in the main agreement. they're fully enforceable. that's a first. the head of the international labor organization, part of the u.n. has said this agreement has better labor protections than any we ever had before. what it is going to do is help insure that mexican workers have some of the same rights that we enjoy in this country, so that american workers will competing on equal footing. we think, you take the auto
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sector alone. it could mean 76,000 new jobs. this is an industry really hit hard under nafta. the president talked about it earlier. he talked about farmers too. this is great benefit. it is carefully crafted and negotiated to protect american jobs this time. neil: secretary while i've got you here, you're watching what is happening in china as anyone else in the administration with this virus. i'm wondering if you're worried it might crimp the chinese ability to make good on promise to buy as they committed to buy from america? most think they're headed for a big slowdown because of this. shoppers there stopped shopping. people have stopped traveling. they could fall into, you know, slowdown, recession, maybe worse. then there is a worldwide economic pinch. what do you think? >> well, look, the chinese obviously are very focused on addressing this problem. the president's been brief
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regularly. he is offering assistance. look, the same week that usmca passed, we struck this agreement with china. so we have two historic trade agreements to start the year off and it comes in the midst of just an unprecedented economy where we've got unemployment at 50-year low, wages are rising as the president mentioned a moment ago, particularly for lower wage workers. so look, this is a health crisis in china has to be addressed but our economic prospects in this country right now have never been better. it is a great day. as the president signs this legislation but also just a great time for our economy and our workers. neil: you know i would be remiss, i was thinking of you, sir, and your dad, the former justice antonin scalia, and the role that the chief justice has in this on going senate impeachment trial, what do you think he would think of all of this? >> my father? i think he would love this
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economy we've got going right now. [laughter] neil: i guess more to the point the impeachment process, seems that the chief justices relegated to kind of an ancillary role. he has to kind of do what the senate wants and i'm wondering whether you know, he has, he would have had any issues with that? >> you know, i just watched it fleetingly, honestly, i'm focused on the job i have got at the labor department but i'll tell you that the role chief justice roberts is playing is similar to what chief justice rehnquist did. neil: right. >> roberts was a clerk for rehnquist. i think he is following that model. neil: i think you're right. i think you're right. mr. secretary, thanks for joining us. >> a pleasure, thank you, neil. neil: americans are abandoning a lot of high-taxed states. that you know. what you don't know is the beneficiaries of that exodus. meet the governor of one of those states after this. like li.
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neil: all right a boost to texas' economy as if it needs it right now. the usmca provisions a the least on paper seem to promote trade and investments in the lone star state reason more than they're getting now that could be good for ranchers and investors. governor greg abbott at the signing for this very moment. good to have you back. >> neil, great to be with you again. neil: if texas needs more economic boom the way you are drawing capital and individuals from high-taxed states to your own, what do you think this does for you? >> this is a huge boon for texas as well as for texas workers. texas has been the leading exporting state for 17 years in
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a row. this is just going to enhance that even more. mexico is our largest trading partner. canada is our second largest trading partner. the anticipated annual gross domestic product this will add to the texas economy is more than $17 billion. it will add an estimated more than 100,000 new jobs. this is going to be great for the texas economy but most importantly, this is going to be great for texas workers. neil: you know, i was telling the labor secretary in the last segment, governor, i'm old enough to remember bill clinton signing off on the first nafta agreement and there were high expectations for that. some materialized, and others did not and prompted this president to essentially start from scratch but again high hopes that didn't pan out. are you concerned the same thing could happen to this? >> well, you make a keen point and that is nafta was an inferior agreement compared to the usmca. think about this for a second,
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neil. this is one of the few things which we get both nancy pelosi and president trump agreeing upon. this is something everybody in the united states can come together and agree. this is a good deal. this is better than nafta. so for starters this is a step ahead. when you look at the safeguards put in there, one thing you know about donald trump, that is he will not sign a deal that will not have safeguards to insure compliance by canada, mexico. this will be a good deal. great for the economy, great for workers across the united states. neil: i'm sure those workers hope you're right but i do want to switch gears a little bit, governor, if you indulge me on the china situation. >> sure. neil: this is something i raised with the labor secretary as well. we get the trade deal, then all of a sudden the one we signed with the chinese could hiccup or fracture because of this virus. we've already seen chinese consumers are closings up their wallets. they're not going out. people are not flying into the
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region. very few flying out of the region. they might not be able to make good on some promises they made. are you worried about that? >> well, if i could share with america, saying we have in texas this is not our first rodeo. the fact of the matter we had sars, several other different types of viruses like this. neil: true, true. >> we've been here before. we've done this before. we know exactly what's going to happen. put it in the context of you and your own family, when your own family gets the flu, you will be down a few days, not productive for a few days. takes you a few days to come back. same here. it willing longer than a few days. there will be a trajectory of this. because of our experience with sars, other diseases like this, we're able to get on it quicker, monitor it better. communicate in a far more effective way. that is going to lead to a quicker resolution of this. but it will take some time. it will not go away tomorrow. it will take weeks or months for it to go away but this too will
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pass just like other viruses and sars did pass. neil: governor, with all the, you know, the business and individuals and companies moving into your state, do you ever fear that in a flip way hurting politically? that it is changing the voting base of the state to more democratic-friendly groups? that ironically because of your success keeping it a low to no-taxed state, it is hard to think of right now but this very red state could veer a little purple, what do you think? >> right. as you might imagine i keep my ear to the ground on this issue every single day because this is so important to the future of texas. everything i'm hearing the people moving in from california, the people moving in from illinois and new york, i spoke at a bank yet last night with more than 800 people. raise your hand if you came here from illinois. there are some hands that went up. these people are trying to get
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away from liberalism, high taxation, high regulation, high unions that are in the other states. they want freedom an opportunity that texas is well-positioned to provide for them. they will not come into texas to wreck the same type of disaster they're fleeing from. they will remember why they fled socialistic policies in other states and they will remember the opportunity they have access to in the great state of texas. neil: what do you think the fact that democratic candidates are focusing on texas so much? do you think it is a matter to push republicans to drain resources otherwise in a safe state? or they're sensing something going on? not just austin, the state itself is turning, what do you think? >> listen, democrats view texas as the political holy grail. if they were ever able to win texas, they can run the table nationally. as a result they wanted to come in. there was a special election texas house seat last night took place where beto o'rourke went all-in.
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eric holder gave money. eric holder campaign. five presidential candidates on democratic side campaign for a texas house member. that texas house member won by far more than his predecessor republican won. he won by 16 percentage.margin. creamed the democrats, pointing out to the democrats they're wasting their money trying to come into the state of texas, to campaign in texas. neil: what do you think of republican senators, governor, while i have you here, pushing for witnesses not that they're looking to vote to impeachment the president but want to hear from witnesses, what do you think of that? >> listen, i don't know all the minute details of what is going on. i know what is going on main street across texas and main street across america. americans want this to get done and get it over with, because they need this government to take action that will continue to improve the united states of america. they need to deliver things, kitchen table based issues for
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families at home to make their lives better of fellow americans. the senators as well as house of representative members, they need to get back to work, to do the work of business of the people of texas. neil: governor, thank you. good catching up with you. this is a little cooler today than it is typically in texas but be well sir. >> not texas weather. come to texas. we have a good climate now. neil: i know. i've been there many, many times. thank you, governor. >> thank you, neil. neil: u.s. evacuees from china landing in california a little while ago. what is being done to make sure they are safe to go home. what we're doing in case some of them are not. after this. ♪. it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives.
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that surpasses sars days cases in 2003 and 2003. 200 evacuees passing exams in alaska. american airlines banning beijing flights from los angeles cutting back major travel by a bunch of airlines as well. doctor, good to have you here. where do you describe things stand right now? >> one of the last things you mentioned about treatment. maybe i start with that. neil: sure. >> we don't have a vaccine for coronavirus, this particular strain of the coronavirus. but cdc, other organizations are been very clear to work fast to get a vaccine. literally moment by moment we're working towards that. in terms of treatment, we know the treatment for the coronavirus, this novel strain, many of them is supportive, right? you have to make sure you're treating your symptoms. you have to make sure the person is comfortable, they can breathe okay, et cetera, et cetera. there is no specific medication
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to treat or cure this right now. once again that is something i imagine is on the horizon hopefully. neil: so, i had a couple of dissident on this show, chinese dissident. >> okay. neil: one woman who had been at tiananmen square. she is talking to friends and china and elsewhere, who tell her the situation is lot worse than the chinese are presenting. >> interesting. neil: one person there, couple others had said that. do you think the chinese are doing enough? >> so that is interesting. you mentioned a couple of points here. could this situation be worse than what it seems? that is always possible. that is always possible. do i think that the chinese are doing enough? let's speak about that specifically. i actually literally, before sitting down with you, just finished listening to a press conference that the world health organization held. cdc, world health organization, pretty much every day have been holding daily press conferences with up-to-the-minute information about what they're doing. that is involving the chinese government, what chinese
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officials and scientists are doing, as well as other nationalities. this is not just a china or american thing. this is a global issue. australians are involved, europeans, et cetera. for me the bigger issue what are we all collectively doing? what i feel good about as family physician, every day, literally our phones are the best tools. there are live stream press conferences we're hearing from scientists on the ground, exactly what they're doing -- neil: crisis in china. are they saying it is a global crisis? >> well, yes, actually, yes, they are. you know, goes by the handle of dr. tedros at world health organization, just finished looking at the press conference. neil: that would be upping the anxiety level from yesterday, wouldn't it? >> what, let me finish the statement. they're reconvening the international health regulations emergency committee. the point being, we're recognizing as they have been, this is problem. we're steamrolling.
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we're upping the ante. this is appropriate. back to your initial question. what i'm happy with, what we seem to be doing as americans and as a world global, sort of entity. we are all working together, it seems to fight this. neil: when i hear, sternly correct during the break, when i hear the chinese are refusing some american help, is that true? >> i don't know. that is why, during the break i will be very honest with you for listeners, the things you told me, give me a footnote, give me a source. i will need citation this. neil: i go on covering their economy over the last few decades they lie about a lot of stuff. >> i understand. neil: a lot of people do. i tell people i'm 175-pound. okay. here is what i'm saying, doctor, if they have a record of being fast and loose with the facts on trade agreements and what is going on back home, who is to say they can't be misrepresenting this? >> let me be very clear, and i want to make sure my position, i
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stay we call it in my lane. i am a physician. i am a physician who consumes information just like everyone else, my sources are the cdc, w.h.o., and public information. neil is it possible things are happening i don't know about, we don't know about? certainly. the information i and we're getting information as public, that is given, tells us, is telling us right now these entities and organizations are working together. that i like to hear. i hope it is really happening. neil: sars, how long before they came up with a vaccine? >> so -- neil: like if you mentioned, it could be a while here, right? >> the things about vaccines. they don't happen overnight. that is why they started working on it. the hope we have a vaccine in time to be able to impact, sort of the, i don't want to call epidemic the cases happening now. it is very possible, sometimes what happens in other instances that you develop the vaccine but it is far after the sort of rise in cases and sort of widespread
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illness has happened. it is sort of overby then. we hope we get a vaccine in time. we recognize vaccines take a long time. neil: they incubate in the human system up to 14 days. right? >> some of the reports are saying two to 14 days of an incubation system. the cdc at least as of yesterday's press conference in terms of whether we transmit the illness while we're asymptomatic that is question our government officials, w.h.o. and cdc are still doing research on even though chinese officials apparently said the case. neil: the case of a man in germany who never went to china, he contracted it from a colleague. >> person-to-person, transmission, yes. neil: is that the same as airborne virus? >> we think this virus is transmitted airborne by respiratory stuff and droplets. that means from another person who had it as opposed to being in the area. neil: you know your stuff, doctor, thank you very much.
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ahead of that look at that. $222 plus for facebook. u.s. is charging a top harvard scientist along with two top chinese researchers hiding payments. edward lawrence with more. what is going on here? reporter: first the white house office of science technology policy says the national institutes of health have 180 at least open cases on fraud, grant fraud, also the fbi they say, working on 1000 cases related to china and grant fraud possibly with china targeting these researchers. now the latest as you said, the chair of the harvard chemistry and chemical biology department phasing five years in prison and $250,000 in fines. charles lieber developed a bio nano electronic sensor that detect one particle after disease in a wire 1000 times smaller than a human hair. he got $15 million of grant money from the department of
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defense and national institutes of health starting in 2018. under china's 1000 talents plan in 2012 he signed a contract with wuhan university of technology in china for $250,000 a month, plus significant living expenses as well as 1.$5 million to set up a lab. the u.s. requires disclosure of for ren income for those grants. the head of the white house science technology policy says this is exactly how china pressures the u.s. to get tax payers to fund research, then try and steal it. >> it really is. this is high value targets, right? china is not after the mundane stuff. they're after really, really important things, the top line results and our best people. so we have to be really thoughtful about that. reporter: i obtained one of the contracts china uses for this. this is a contract of a former again i can't tech professor, who was charged, actually convicted of this we are fraud transaction this was a biological engineering professor working on studying artificial
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sweeteners. he got a 600,000-dollar grant from nih in the u.s. you see the contract, for $600,000. through the china's talent plan, he had salary of $250,000 a year, doing work on artificial sweeteners. the first time the administration consolidated enforcement under the office of science and technology policy. they're coordinating with universities and law enforcement information to try to target individuals who may be doing this, getting u.s. grant money. obviously sending that information possibly over to china. back to you. neil: edward, thank you my friend. the president signing usmca agreement, amid the impeachment battle back and forth. where does it stand in the senate? no less than democratic west virginia senator joe manchin says he is not a guaranteed yes on impeachment. hearing the case you herd from
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the democratic house impeachment managers and republican response in half the time, how would you vote? >> i haven't made that decision, i really haven't -- i've been impartial. i took that serious. people to say how they already have made up their mind or how they were going to vote before you even heard, i have a hard time explaining back home the hypocrisy. all the clips from 20 years ago, whether the house managers, prosecution now, the statements that they made, professor dershowitz or ken starr or chuck schumer or mitch mcconnell, they have all reversed their position 180 degrees. neil: let's go to "real clear politics" associate editor a.b. stoddard. we've been so focused on those republican senators who would be open to witnesses we haven't focused on the possibility there are a number of democratic supports who would not be open to impeachment itself. what do you think of this? >> well, like you, neil, i watch it pretty closely. i thought along doug jones of
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alabama, kyrsten sinema of arizona and joe manchin of west virginia were candidates for acquittal on the democratic side. i don't think that is out of the question. what is out of the question that they would not support the vote on witnesses. senator manchin is pointing out, hunting very hard for that fourth republican to open up the process. neil: it looks like they could have that. you're far closer to this than i am, what is your sense? on the witness votes from republicans? >> well, i think that you hear party leaders making it clear they're under incredible pressure from the white house. the white house is threatening a court battle. they're saying if you look into one witness we'll have five. it will go on and on. it will go into the spring, but i think that, i mean i agree with the "wall street journal" editorial. i think that this, this process of raising to friday without witnesses, neil, as i said
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before, in conversation with i think it is going to really do political harm to republicans. even though the outcome is determined, the process should be fair. they should look back as they campaign for re-election to hold the senate majority, republicans to be able to say we had a fair process that preserved rand protected the constitutional order. the idea of rushing this through, letting john bolton's book come out making them look like fools, letting lev parnas, earth people under the southern district of new york investigation looking mainly at rudy giuliani, all revelations could come, makes them look like they rushed this, tried to cover up the truth. i think it its politically foolish. i think that pressure, even though wee being told pressure is shut witnesses down to keep there from being a fourth vote, i wonder if senator lamar alexander, and senator mike enzi and senator pat roberts, people who are retiring, look at
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enconstitutionallists are saying this to mitch mcconnell this could make it hard to keep your majority in the fall. neil: to hang on to the senate itself, right? there are a couple of vulnerable senators where that could be in play, right? >> right. if you look at ernst in iowa, tillis in north carolina, mccallly is arizona, gardner in colorado. collins in maine, but you add additional pressure, like wipe out levels of turn out on the democratic side, then republicans will worry about who the candidate is in kansas because a democrat won the governorship there last year. they worry about how much money john cornyn would have to spend in texas. they would worry about losing the majority. it is a question what they can defend as a process. if this stuff will come out anyway, just seems a big risk to shut it down and say, we just couldn't, we couldn't handle did this anymore. we had too much legislation we
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had to do. the democrats will do ads. they will look at legislation to come out in months to come. it will not be a heavy load. it will be hard for senators up for re-election who need votes beyond the base. the president campaigns for the base only but senator tillis knows to win in north carolina he has to overperform trump. he has to win people outside of the traditional trump coalition. they know to hang on, have a majority that makes mitch mcconnell the majority leader next year, they will have to have people beyond the base. it is a very tough calculation to shut down witnesses. neil: very interesting. ab, always enjoy it. thank you very much. >> thanks, neil. neil: time we hear from a man of god. bishop t.d. jakes is here. not talking about what senators keep their jobs but how you can hang on to yours, after this. et. et. but if you're also taking fish oil supplements...
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>> big trade deal signed today. hope springs eternal it will benefit everybody. it occurs at a time where black unemployment is at 5.9% at historic lows but that is not a guarranty. new fears automation may displace 12 million hispanic and african-american workers. that is by 2030. that is around the corner. bishop t.d. jakes wants to raise $100 million for a non-profit foundation to improve odds for workers, education, workforce preparedness, job training for under served communities. >> pleasure to be here. neil: first of all this notion that workers will need a boost, people will come back and say, well they're getting a boost. the economy, whether you want to credit the president, whatever, that has been the trend that has been their friend what do you think? >> well the real issue here is about automation, it is about technology, it is about job preparedness. jobs we were once prepared for we are not going to be prepared for. we're not proactive about this
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we're already facing real challenges for jobs that pay at rate we need them to pay to have sustainability and it is going to get worse over the next 15 to 20 years. it will go from 8%, 5.9 in the recent poll, to 20% in the african-american community, 19 amongst latinos. we have to get in front of this, to start preparing our young people, young couples, our children differently to embrace not only consuming technology. we're great about that, making and fixing technology. neil: a lot of our making and fixing technology happens abroad, doesn't it? >> it happens abroad an happens within the vacuum of predominantly white young base of people but all of us need a job. we have to rearrange our career goals in order to be effective. neil: i promised i didn't want to make this political, but the president with the trade agreement signing today, will
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benefit all income groups, low next groups, by extension, hispanics african-americans, he reminded people, the same thing he preached to african-american audiences when he was running for president, what the hell have you got to lose. he is saying it again this year. what do you think? >> well you think about a whole strata of people alone, that is very narrow scope to look at people, when you look whatever you got to lose, drive-by shootings, police brutality, lack of access to capital. entrepreneurship, they still can't get loans. we have a lot to lose. we have come a long ways, grateful for that hand clam for that. we have a lot to lose. we can't look at the black community needs in monolith just as ceo. as a president we need to look at social well being. how do we treat people. how we invite other people to
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treat people. we have a lot to lose, our lives. >> when you hear this economic argument, workers displaced, they're not trained for that, the record on federal training programs is a little spotty. your vision, versus let's say what you heard from some candidates running who are talking about more federal initiatives and all that is a little touch-and-go. >> you know i'm not sure i'm totally dependent on elect the officials. i think they need a place at the table because they control policies that encourage ceos to do a better job of inclusion but i want to sit at tables with ceo's, the community leaders and faith leaders as it relates to the black community. elected officials know the power of the church to the black community. we see it every election. ceo's avoid us like we have a terrible plague because they're worried about backlash but -- neil: they're afraid of you. >> no, no.
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if they're serious about inclusion, if they're serious about inclusion, they need to include us at the table because a person that they are looking for right now, african-american, or female, with a degree, master es degree, or whatever returning citizen coming back they're in our churches or in our neighborhoods. i want to provide a foundation whether i continue to be the pastor forever or not, a foundation allows causes i care about to continue to be in the forefront of the conversation in this country. >> it is interesting, when you look at trade agreements that promised that, tucked into the usmca agreement i'm sure you're aware, worker training, programs, doing that. it was the same thing, showing my age here, that bill clinton was touting a quarter century ago. it didn't quite pan out that way. it wasn't a disaster. i don't agree with the president it was a failure but this president now promising the same. >> we want to sit down at the
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table. i think elected officials are a important part of the conversation but i still go back to ceo's who actually have resources. neil: you are saying its in their interests? >> definitely in their interests to do it. if they don't spend money on inclusion an diversity in the decision-makers, they will make decisions they have to spend money for in lawsuits and pr first to clean up from not having people around the table who are different. i have a different group of people, a varied group of people around my table. it helped me immensely to understand sensitivities, struggles, that we don't get through the spats help us be more effective with what we do. it would make them wiser, more profitable, endeared amongst the community if they included conversations with four elements around the table. neil: or be calm. we live in vitriolic, higher bolick times. how do you a man of fact, trying
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to preach to a very diverse choir, how do you advice us? >> you know something, this notion you have to think like pe, sit with me, talk like me, it has to go. we will never get better as as species if we only talk to people in our travel viewpoint. tribalism, views to extinction, always has, always will. in history any group of people who insisted on tribal wars ended up to their own demise. i think it is very important we are not pushed further into your tribes but closer into the center. neil: we're not doing that, bishop. >> how they get worse, not better. neil: you've been doing that for decades. trying to. >> trying to. neil: you mentioned you're still serving in your capacity. are you thinking of quitting? >> no, no. neil: worried me there. >> no, but i realize, this gray hair god has determined my body and it is not too early to build a strategy in mind for long term
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succession. neil: all good advice. we needed that. >> thank you for having me. always a pleasure. >> it is the voice. we'll have more. 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. 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. this round's on me.eat. hey, can you spot me? come on in. find your place today, with silversneakers.
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neil: a lot of strong earnings certainly lifting stocks, good economic news as well. the fed might sort that out at 2:00 p.m. eastern time when it announces the decision, or no decision expected. rates will stay where they are, they could forecast a cut or two with the chinese situation and a slowdown could commence. a lot of other events we're focusing on, other events, the impeachment trial, the question and answer period. this will be a little surreal to witness. the backdrop of this, everyone
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hands questions in to the chief justice of the united states, who reads that question. on limited time frame tries to get them all out there. in the course of what could be up to an eight hour day and another eight hours tomorrow. it will get interesting. more after this. sfx: [sneezing] 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! oral or nasal.
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neil: all right, who is ready for impeachment trial? kicks off today the so-called question and answer period, some say just the question period. they will pass notes like they did in high school and hopefully the teacher picks their note to ask the question, some of the managers of democratic side and republican side, back and forth, back and forth, one hour from now we are not expecting any big decision one way or the other
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today, it's the combine that we will hear from jarome, 2:30 p.m. eastern time and get a sense whether the whole chinese virus is slowing the economy enough that the fed intervenes to bring down rates, we shall see. backdrop for all of this and strong day for the markets, very good earnings particularly without leading the way and the fact that those companies have reported more than 7 out of 10 are handling beating those estimate and giving guidance, then there's boeing on 7:37 max calls despite biggest loss of more than 2 deaids on the year. the strong earnings backdrop, the uncertainty about impeachment easing a little bit is that going to be enough to sort of stabilize sentiment? let's go to wall street journal assistant editorial page editor, best-selling author james freeman, you know, noel, i'm not quite sure how the process will
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unfold at least in the senate today, but will have 16 hours of we are told in the next 2 days, then it becomes request for witnesses. >> you know, it seems like this is not real, surreal, like this is not happening, i just don't think obviously it's putting a damp on the economy, it's just like they glazed over with it and what i think is very interesting is while the impeachment, while the trial is going on before our eyes, we have trade agreements right and left, we just did china, now we are doing usmc, he's checking out as fast as he can with impeachment looming in the background of every campaign promise he's done along with a healthy economy, i think that the two things going on simultaneously is just almost overload for us when you've got, turn on the news, you're talking impeachment, impeachment and there's a press conference with the trade agreements and it's
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really, a lot of news to handle for everybody. >> a lot of news to handle. >> danny, one of the things that we mentioned the federal reserve and could scoop into the rescue here or at least say we are here willing and ready to cut if we have to, do you think they have to? >> at this point no, i think that their comments are really going to be the tell, how much of this is impacting the u.s., how much does the fed think it's going to impact the u.s. and where do we go from here. i think that earnings have been largely grate with 10% of the s&p reporting today which is huge, huge number, and then we've got all of the news which is great for the media companies i must say. doing very well, i think, next quarter at least. >> you know, everything we are getting is from the last quarter. this quarter doesn't take into account what is happening right now. they have telegraphed what is going on, apple, what have you, it's not worrying apple
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investors, what do you think of the impact of the whole virus thing? >> yeah, i think it's probably not long-term, i certainly hope not, most people when they look at it, tragic as it is for those people who succumb to the virus, doesn't look like a factor that would disrupt economic trends. neil: unless we are wrong. that's everything, right? >> yeah, that would be a concerned and -- and the track record is that they don't disclose quickly and fully, but -- but i think most investors would say this is a few month issue in terms of the slowdown and the chinese economy and they look back here in the u.s. and they still see very vibrant consumer good earnings, good outlooks for the coming year, still low-corporate investment and that's a concern, but overall a healthy economy here. >> i think if -- if you know, if it continues to grow, people who
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have to do monthly board meet negotiation china, we have so much going on back and forth with china, i think it's really going to put a lot of things into a halt, you're going to see a lot more video conferencing, you're going to see a lot of things done remotely. >> even big companies ups and -- >> yeah. neil: urging workers to return from that neck of the woods, work from home. >> and delivery. you will see uptick in delivery like amazon companies or china's equivalent because a lot of people that will be afraid to go out and so we just don't know and if they're taking precautionary measures of keeping people in their health and transportation, a lot more home services, working from home and i think the economy will still go, it'll be a different route. >> it's the whole feeling it's contagious. does feed on itself, china got hit hugely in terms of their travel, over 47% year over year
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down from the year previously in china, so you know that that's going to reverberate and i think that people are very concerned whenever they see something that's widely carried on the media you're going to stay home. >> i'm seeing masks on new york city subways, i'm seeing masks in subway system. >> probably a good idea. [laughter] >> i knew you'd pick up on that point. >> the backdrop for impeachment and everything else and even the fears about what's going on in china, is the president positions himself on trying to get the nation's business, today trade deal with the canadians and mexicans just another piece of that assigning off on the trade deal with china a couple of weeks before that, of course, in between and davos with new deals with farm players investing in this country, labor scalia, texas governor greg abbott saying that is a good backdrop.
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take a look. do you think we are getting a little ahead of our skis on this with the lofty ambitions here? >> you know, this agreement has the best most effective labor protections of any trade agreement ever struck anywhere in the world. neil: as you know bill clinton said the same 2 years ago. >> yeah, this is a totally different agreement. neil: high hopes that didn't pan out, are you concerned the same thing could happen to this? >> well, you make a key point and that's nafta was an infen -- inferior agreement compared to usmca. both nancy pelosi and president trump agreeing upon. neil: well, there is that, joining the panel, he was at the white house for the signing today, jay, good to have you, the governor's argue, the
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president's argument and obviously the labor secretary's argument is this will be to our benefit and this would avoid the problems we had in the first trade agreement, do you agree with that because obviously those who championed the agreement, bill clinton comes to mind, disagreed strongly? >> so i think it's great to talk about the fact that usmca is now in place or at least here nor the united states, that means 2 million manufacturing jobs here in the united states that are north american trade dependent are secure, well, one thing that's important to think about, neil, and you and i have talked about this before, washington has a habit of focusing on just the latest thing, i think we have to also look at the great strides that we've made in terms of tax reform, regulatory certainty, those are the things that most specifically help manufacturers make decisions to invest in the united states, to hire american workers, to raise wages and benefits, trade agreements ensure that those products that
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we do produce here in the united states are able to be exported to other markets, so all of those things together have made for a much stronger economy for the future, for the long-term and manufacturers are optimistic about it. neil: things will happen out of the blue. very few could envision what's going on in china -- >> well, who knows, i mean, i don't think any of us, i'm certainly not a doctor and i certainly don't understand what could happen with the outbreak of this virus, what i can tell you is that manufacturers are the ones that provide solutions, so my hope is that we will be able to invent or create or manufacturer a vaccine that will take care of this and make sure that we don't have a pandemic in the future. neil: all right, i will bring my colleagues and friends and james freeman into this. danny, you touched on the idea that the impact in china itself
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has already been severe about, i think, just the decline in overall travels and related activity, has to have an effect, it has to be a concern, right? >> it's absolutely a corn, i --a concern, the one thing is it reduces the looming list of trade agreement disparagement that we have, so it gives investors and manufacturers the idea that things going forward will actually be a little bit reduced, we have less risk going forward, you know, the auto manufacturers in particular; ford, for example, is for this and has said that this reduces risk in terms of the investment that is we've made and so forth, so that we know that there's not going to be on any tariffs on us going forward. >> what do you think, james? >> yeah, i think that's a question that directed jay as well, how much of the reaction of this deal business people
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relieved that it's resolved and the uncertainty is over and how much does this really change things in terms of where your member companies are going to invest in north america? >> i think it's a great question, uncertainty is never a good recipe for success and business, so i will say that there's a great sense of relief among manufacturers that we do have the strayed agreements buttoned down, so we have usmca done, the first phase of the china agreement done, that's good news for manufacturers because what you saw and i reported this last time i was on -- on your show, neil, what you saw was the softening of optimism among manufacturers, high in the 90%, 90% range a year and a half ago, it started to slowly decrease into the 60's in the last quarter of 2019. >> do you think this is going to reverse that? >> i predict that we will see the numbers swing up again, because, again, tax reform, regulatory certainty and now the
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trade agreements, i think -- i think we will see some more optimistic news coming out of manufacturing. neil: all right, quick break here, jake, thank you very much, in the meantime coronavirus is obviously leaving as danny pointed out production at standstill in china, leaving that aside, if you are a business owner, even a small business owner, you're impact bid this as well, we will explain after this.
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quickly. dierdre bolton with more. >> hey, neil, everyone is paying attention to this virus, president trump, of course, the chinese president as well. >> we are very much involved in the virus. >> american companies are making decisions on their own, for example, american airline that is you just mentioned suspending shanghai beijing flights from los angeles citing significant decline and demand travel to and from china, suspension will span at least for the moment february 9th to march 27th numerous other airlines making similar decisions, also a flight carrying about 200 american evacuees from the wuhan region, mostly diplomats and government workers landed in military, near la, officials decide to go keep the passengers separate to limit
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potential contagions, so if the passengers do need support housing and care at a local hospital will be available to them. in a matter of weeks this is why everyone is being so careful, the coronavirus has threatened more people on the chinese mainland than the nine months sars outbreak between 2002 and 2003, the statistics according to world health organization, in china more than 130 people have died close to 6,000 and residents of thailand, hong kong , in a press briefing yesterday, public health emergency but he did extend the screening process for the virus to 20 u.s. airports, you are looking at all of those on the map there and, of course, he said there are 3 prongs to treating this developing a vaccine, diagnostic, experts say
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a vaccine is at the very least, back to you. neil: we will see, my next guest feeling economic impact from the coronavirus and things weren't better beforehand before tariffs. her protection in china is still pretty much at a standstill and this is some of your stuff, right? >> yes, yes. neil all made in china. >> actually spoke last night with my partner, the owner of the factory and there's a huge concern out there and how long this is going to last already china postponed the chinese new year a week and who is to know if a week turns into a month so on and so forth and we have seasonal products, our next big time frame is back to school and you never know what's next, you know, the tariffs and now it's
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this and we've just learned the preplan ahead of time making sure that we have goods in early but, you know, the future will tell what happens with this. neil: you were already impact bid the tariffs, backpack, schools, are they all manufactured in china, are they in an area that's affect bid the quarantine? >> yes, so they -- the bags are made nearby but all the factory workers that have left are from the areas that are affected, so, you know, as we spoke last night they don't know who is going to be able to return to work, who is going to be afraid to return to work so really it's, you know, it's unknown when we will be able to get back up and running. >> where are your other production options? >> so we've expanded into southeast asia as well, but our main operation is china, so we do all the creation, the sampling, everything is done in china, but all the raw materials are also made in china, so it's
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really, you know, even if you're producing outside of china there's no way to avoid the usage of china, you know, even just for the beginning process. >> did you advance order a lot of stuff knowing when tariffs hit and everything else, preparing for a longer trade war than the one we saw, this just wrecked everything, the virus? >> so, yeah, we definitely preplanned, i've been bringing in goods almost 6 months early. neil: wow. >> just in fear of what's next to come. i think just preparation has really helped us and we do have a god amount of product that we would be able to continue to have success, but, you know, we definitely don't need any additional delays, you know, our business has been growing tremendously and we want to stay on that path, so, you know, hopefully this ends fairly quickly. neil: i can understand you
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hoping that. i'm just curious, the virus notwithstanding, i'm not ignoring the elephant in the room, do you like the trade deal and is it going to be beneficial to you by removing a lot of impediments that china hurt your business? >> i mean, i think that right now everything that's been going on with the tariffs has really impacted us because, you know, we've had to just like increase quantities to offset costs, we've had to move production outside of china and, you know, as a young business, you know, we've just been trying to find our place in the market and we've had a lot of success with the product, the demographic that we outreach has like really honed in on our designs and -- neil: i could see why, beautiful stuff. >> now we are selling over 2 million products a year and, you know, all these things just kind of make for new challenges to overcome. neil: yeah, i hope it works out for you, so concentrated on
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fortune 500 and multinationals and what they're doing and how they are affected, sometimes we lose sight of people like you. >> and we actually sell to a lot of the fortune 500 companies, we do business with nordstrom, we do business with macy's and, you know, so even somebody like myself that employs 21 people which was up from 6 of last year, you know, we are trying to create new opportunities for people, so this all impacts us. neil: hang in there. we have a lot of people rooting for you and a lot of great stuff. >> thank you. neil: i'm sure you will one day at a time. all right, we focused on that, the dow trying to claw its way back after it clawed its way back yesterday, haven't quite made up the losses from the day before but we are getting there.
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we are up on the dow, s&p 500 and nasdaq celebrating stock, if not for them we won't looking for a gain at all. so far so good. boeing, an 18 billion-dollar; you know, hit on earnings, biggest hit it's ever seen in decades, by in large, better than some thought, mcdonalds and you're welcome, mcdonalds, thanks to me the stock is on fire. all right, so there's that. without that, it would be a different kind of world here for the rest of the dow, in the meantime from some of the programs that are meant to keep you safe, popular antivirus program is reportedly selling data to companies like google and home depot and microsoft, and pepsi, fox news headlines 24/7 anchor bret larson has more
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on this, sounds like snooping going on here. >> yeah, neil, this was a really troubling report when we first saw this, free malware plug-in, promises you to keep you safe from hackers and stumbling into phoney websites, fishing scams, all that kind of stuff and what you agree today in the process of installing the free software is it's also capturing all of your data and when we say all of your data we literally mean everything, we are talking about where your mouse is resting on the screen, what you've searched for, what you have purchased, what you have thought about purchasing, everywhere you've gone, every video you've looked at, all the things we do when we think there's no one sitting right on our shoulder, looking over our shoulder on what we are doing, there's a reason for doing something like this, there's a reason why companies would want that sort of, you know, granular-level data that's so important and that's in an effort to improve their website,
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you could take a manufacturer, a retailer like home depot would want this information to say, the people are coming on the site, they are clicking through, they are looking at the stuff and not buying things, what do we need to fix to make that happen, amazon could use it to make the process a streamline, if you're a content provider you might want to buy that information to see where you need to place ads, at what point do you start to lose your audience when you're on the site, the company has said they have since stopped doing this, they say that they completely discontinued the practice of using data from any web browser extension, any other purpose than security engine, that's all great, it's on opt-in process, if you're using the process you need to opt in to share the data, we have hear ad of this before, you really have to read the end-user license agreements, but the concern is what happens to all of the data that they
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already have, we will have to see what the company says about that going forward. neil: you know, what's a kick, you look at facebook, nothing to do with this particular story, all-time high, details on earnings after the bell today but these issues hold up pretty well don't they? >> they don't really seem to be bothering people, i think people are still really enticed by the fact that it's free, even though it's not taking money out of your wallet, it's just taking a little privacy away from you. neil: you're right, great reporting as always. all right, bernie is hot and charlie gasparino on how hot after this.
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sanders presidency would make for markets, i will say this, biden has from early on conceded iowa and new hampshire, if he picks up iowa and comes close to new hampshire, you know, it may be enough for power him through the whole thing because super tuesday looks like it's going to him, the southern states he's very, very strong with african-american voters dominate the southern states, i mean, if biden does pull this out, you know, it could be over, the conventional wisdom, though, as you know, neil, bernie sanders could win both of those and that has a lot of wall street executives scared to death of what that would mean if he got in there as the president of the united states. sounds farfetched that someone this radical, this -- i mean, he's radical to radicals, i mean, that's how crazy it is. if you read liberal columnists they say he's too radical. neil: remember they said donald trump is too crazy. >> yes, that's the whole thing. you know, in the very divided
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where base voters, he can carry his base which is 30% like trump did, you have to like convince people in the middle, there's a real -- there's more than a theoretical chance he can become president particularly if donald trump keeps doing stuff like the ukrainian business which even if it's not impeachable it looks bad for a lot of people. anyway. neil: on that, if you don't mind, i'm curious as how wall street -- the high taxes he's pushing actually like it because they think he would be easier for donald trump to beat? >> yeah, but then there's always a chance, i'm not saying it will sell off the minute he gets nomination if he gets it. i'm saying that watch out if he becomes president because, again, in this very divided country he could and at this point, i do know because i'm speaking with these folks major wall street executives are actually talking about game planning what the markets would
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be like if he would become president, people spoke a lot about the turbulence of a donald trump election, as you know trump talks crazy but his policies are pretty mainstream, this guy talks crazy and his policies are not, so what will happen, tremendous short-term volatility, okay, no doubt about that, stocks sell off, people are going to freak out right off the bat, they'll be a flight to quality, treasury bonds, gold is pretty, is usually a safety net, they'll be a risk on; you know, risk on assets will be sold for the sort of other assets, muted bonds will probably do well, here is the whole thing, neil, what we don't know is the composition of congress, now congress remains republican after the short-term volatility, people are going to start assessing oh, are they really going to pass medicaid for all, are they -- as long as you have republicans and that's where, neil, i think you have a buying opportunity because if the market sell off too radically, you know the republicans will stop some of this stuff or can
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stop some of this stuff and congress with change again even if they don't pick up the house and keep the senate, i will say this, be prepared for massive volatility and the things are here that they buy gold, treasuries, treasuries are not even safe, bernie sanders will spend into -- [laughter] neil: that's another show. all right, thank you, my friend. >> i never heard of process meats as a safe haven. neil: you're running too much. you run by the grocery store. >> who knows. neil: thank you, my friend, joe biden is facing backlash after lashing out yet again another voter, take a look. >> i like you and i'm going to support you if you win the nomination but what are you going to do about climate, you say you're against pipeline but you want to replace gas lines.
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>> no, no. >> we will stop building and -- >> i'm going to vote in the general. >> no, no. you're asking me and telling me you don't support me. in the general. i'm in the primary. >> i don't know if you're running for president and telling to go ask before. he has done that. i don't know if that's the strategy i'd be going for. >> if i was consulting on his campaign, one of the things i would tell him is, please, do not tell somebody, go vote for someone else because they will, this is not -- this is not the object of the game here, the object of the game is to raise money, touch hands of voters and convince them why to vote and if they come at you with an issue, then debate them a little bit and tell them why your policies
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are going to be good. neil: in a weird way, he can look at it and just say -- >> yeah, i do think that his sensitivity level is really off the charts, but we did -- [laughter] >> something like this, i guess it was last week with elizabeth warren where somebody came up and said, you know, i don't agree with, you know, what you're doing and she handled it the way a politician would handle it. neil: you're right. presented the fact that -- >> he fully paid and everybody else is going to get a free pass, so. neil: you can make them work for you if you're a savvy enough candidate. >> you would think so. [laughter] neil: doesn't seem that interested in other people's opinions, but on the other hand, you know, a lot of people on the campaigns, probably at the end of a long session.
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>> i could see trump doing like that, i could see a voter saying this. >> loser. >> a lot of fans on twitter, if trump did this imagine the uproar, mental health. >> they aren't already? >> yeah. neil: let's be nice. we have a lot more coming up. we will be in iowa starting on friday right through the weekend, our special live coverage monday night at 8:00 p.m. eastern time, you know there's a lot to look at in the results, separately the total popular vote, of course, you have the delegates here and now the contest and it's just surreal but we will crunch the numbers for you, will be looking at satellite market reaction and the only place you can get that at one-stop shop, picture us as your international house of pancakes. [laughter] neil: i will explain after this.
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robinhood. neil: all right, mcdonalds on fire right now, both seeing its strongest global same-store sales growth in 10 years and who do we put on the story, one of the fittest reporters we have, which is kind of weird, jeff block is in chicago, i should be doing this story, but, all right, jeff, try as you might. jeff: you should be managing this mcdonalds outlet here at the corporate headquarters because they have all kinds of global favorites. there are things probably you've never tasted, neil, but would love to, big tasty day for mcdonalds, beat earnings beat, stock is doing great, same-store sales up 6%, everything beat and they introduced some new product today, chicken stuff on the breakfast menu which came first the chicken or the egg, well, the egg and now you get chicken
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in chicken mcgriddle and chicken biscuit available nationwide as they try to fight back against the chick-fil-a folks, also new ceo saying it's going to be tough, though, because there's a lot of competition, he says growth in this industry at this point will have to come through stealing market share, that from folks like wendy's and chick-fil-a and not as much exposure in china as they officially thought, they say about 9% of their restaurants are in china but a lot of them are still open and only 4 or 5% of sales come from china, now not so bad as they thought and they have these kiosk here, neil, if you were the manager of this restaurant you wouldn't have that many employees but you would have robots. what do you think? neil: i think it's very cool, it's very, very cool, it proves that if you make it easier for people to get an in order you're
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off to the race. >> makes it easy for the manager. neil: a lot of people wonder why it went out of business, well, i was the reason. i ate all of the product. [laughter] neil: all right, my healthy thin friend, very much appreciate it. he's a good guy, he's way too fit. all right, forget about all of the attention with shakira and half time show, do you know what kanye west is planning after, more after this
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>> well, i mean, that's what we are focused on right now, you won the championship game a couple of weeks ago, we have to focus on winning one more, it's huge for the organization, but certainly a big deal for the business side of things as well. neil: all right, that's san francisco 49ers ceo discussing what a win could be to the team, we all know the california team but now, now lauren simonetti giving us a closer look into the family behind the 49ers, take a look. lauren: joe montana, jerry walsh, the best at their craft, one franchise, the san francisco 49ers.
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with that trio it's easy to see how the 9ers kick-started one of the greatest dynasties in nfl history dominating the 80's and 90's on the way to 5 super bowl wins in 14-year span. the architect? >> a lot of great owners in this league and been a lot and i can't find anyone better than that man. >> the personal relationships he had with his players, guys like ronnie luck, guys like jerry rice and joe montana that really kept that team and dynasty together for many years. lauren: handed control of the team to his sister denise york in 1997 and denise would eventually handed reins. >> i have a lot of respect for jeb because he took from the fans when things weren't going well but he stood in there, he
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stood in the pocket, took his hits and eventually landed on absolutely the right guy to lead us forward. lauren: nfl hall of famers lynch as general manager and kyle shanahan as head coach. >> i would like to see him out front taking a few more vows because he's deserved it. >> york also spear headed the opening of levi's stadium, prior to start of the season, forbes named 9ers as fifth valuable franchise. a sixth super bowl title, a little more. >> what this super bowl really represents is the rebirth of the greatness of the 49ers. >> and then there's half-time show and the shows around the half-time show, for example, the sunday service that meets the super bowl because kanye west is
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taking gossip to miami ahead of the game and intel ceo lilly will be there. we forget that that's yet another bigger than life name, right? >> yeah, i mean, it's interesting to see what kanye is doing, he's like uniting the church of sports with the church of christ in this case, the football and sunday service and he's been leveraging this new platform with his new album as a mainstream that many thought was impossible to make mainstream. neil: he's drawing an an eclectc crowd. >> all of a sudden you're capturing two sides of fans and it's delivering the numbers for him, so very interesting that he's doing this and there's 100 million people looking into miami, why not show up and bring
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sunday service, sunday morning. neil: near the venue? >> it's theater, not necessarily nearby but the tickets are not that expensive actually, they went really fast. so i'll be there. neil: you passed iowa for miami and the super bowl? >> how could i? i'm married to a football player so i have to be there. neil: that's true, i forget about that. one of the most marketed events. >> correct. neil: of all time, it didn't over 20 years ago, you know, the last time the kansas city chiefs were there, they leverage it for everything, don't they? >> it is, it is estimated that it'll be $500 million that it generates, a lot of it goes to advertising, 400 million of that , you have companies like pepsi, their leveraging it with half-time show but you have others like at&t is hosting an
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entire like interactive experience the night before, so there's a lot happening but -- neil: michael bloomberg is going to be and so it's certainly a far fun crowd. >> if you have 100 million eyeballs that will be paying for funny memorable cute commercials it's a great moment to show up and be relevant in pop culture. neil: very few watch the game these days, the half time show, it's the commercials and that's what draws people. >> it is an entertainment event and i'm personally selfishlessly looking at latina power duo on stage, you will hear spanish and english, 70% hispanic, inclusive america as it can be. neil: i'll be thinking of you. >> i'll send pictures. neil: lilly, thank you very much. >> thank you.
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so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. neil: all right. it is questioning phase in the house impeachment, i'm sorry, senate impeachment trial right now. everyone is paying attention what happens maybe a little more than 48 hours from now whether they decide to have conditions witnesses. are there four or five republican votes. cory gardner is not among them. he doesn't think it would be beneficial to call witnesses. there is no need to do so. that would echo senator scott and others who said it would be a waste of time. lindsey graham said that. but there are enough republicans we're told, who would kind of
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demand that, and extend this out. we don't know whether that would materialize. mitch mcconnell is concerned he doesn't have the votes to secure no witnesses. we shall see. charles payne, leaving the dow up 135 points. charles? charles: thank you very much, neil. this is "making money." breaking now we're moments away to find out what the central banks will do with interest rates. it is expected the fed will leave rates unchanged. at 2:30 we'll hear from federal reserve chairman jerome powell, expected to take questions on rate cuts, fixing repo problem. economy now that phase one has been signed and potential impact of coronavirus. we're in the green thanks to big earnings from very iconic companies including mcdonald's, starbucks and apple. it was a kitchen sink report from boeing that really sparked today's rally. go figure. meanwhile president trump showing off his big trade win, signing usmca into law today.
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we'll get reaction from former commerce department official chris garcia coming up. big day at the fed. go right now to edward lawrence waiting for the big decision. edward? reporter: federal reserve leaves the benchmark rate where it is at 1 1/2 to 1 and 3/4% in a unanimous decision. the fed sees current level appropriate to sustain the economic expansion going forward. they will watch the data for any changes they might need to make going forward here. the fed also watching global growth developments, global growth outlook as well as global developments that could include the coronavirus going forward. it sees u.s. inflation as muted and the job market remains strong. one change to the statement, the fed slightly downgrades consumer spending to a moderate pace. the fed views business investment and exports still as weak going forward. the technical
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