listen to nancy grace. >> she is on next week. before that tomorrow super bowl entering the san francisco 49ers president and i am down there as well. "mornings with maria" tomorrow live in monday. they cute everybody it's all about stuart varney. >> good morning. and good morning, everyone it is the virus. american business very profitable big tech while but it's a corona virus that is not contained and it's back as the main factor in today's stock market selloff. look at this, the dow industrial will be down 170 - 180 points. 20 down on the s&p and 34 down on the nasdaq. there is a lot of commentary this morning that the trigger for the long expected pullback. we have some really serious price move of big tech. start off with microsoft that has gone straight up. premarket is 174. how about facebook, straight

down. shareholders looking at 6 - 7% selloff. huge stock like that. tesla, premarket it is now well above $600 a share. you will hear a lot more about the huge market moves in just a moment. as for the president he will be on the move again today, he leaves the white house this afternoon and the first opera factor in michigan and then on to iowa. whether democrats hold their caucuses on monday. the president taking his message of prosperity into a couple of swing states. two and one day. the guy has energy. on this program energy larry kudlow, how much will the virus slow our economy and how about the 2.1% annualized growth rate last year. he comments about an hour from now. let's get right at it with breaking news. this is coming out look at the stock price of carnival cruise

lines. that is seven or 8%. there is a suspected virus case on a ship. in italian new year reporting a couple in hong kong were quarantines on a cruise near the italian coast, one has mild flu symptoms. 6000 passengers are on board, the stock way down. , and gary capital for is the virus the main factor today. >> since last friday, look you just said what's happening on carnival cruise lines, good for $4. the best example i can give you is like a winter resort, the stock topped out when all this happened. when resorts get 75% to 85% from account and were told traffic is down 70% since the outbreak. if you times that by every other business in china of the news that it's spreading even though

it's not spreading big around the globe and bars numbers and it affects markets in a market that's already been up in the trees over the last year, it's a darn good catalyst and adoring good excuse to get back in your sina right now. >> the problem we don't know how long it goes on for or how much is close china's economy and therefore slows other economists. >> the word uncertainty has entered the fray on where this goes. the great news is is being talked about worldwide and is being attended to worldwide, it's a matter of can they get to grips on it and when you hear something about the carnival cruise lines it does not make you feel too good. >> stay there i have to go through the bid price movers this morning. i will start with tesla, they quieted the naysayers with blowout numbers in the stocks up $47. >> game changing. because they might be a profitable company going forward.

the earnings said will be profitable company and when has tesla ever delivered annual profit. never. but it might happen in 2020 especially with deliveries expected to go up up to 3,670,002,019 which they exceeded expectations and the new semi going into production. >> up $49. next case microsoft, look at the stock up six bucks, 174, this is a cloudburst or. >> as your thinking market share and goldman sachs putting out, this is even higher than what we had expected, that's about the positivity. microsoft is you know up 62% in the last 52 weeks. beating the s&p 500 and nasdaq and down. >> i sold too early. i got a go on to facebook. here's a huge loser forced open down 7% tell me more.

>> cost went up 61% in the quarter. we have a rising user number 2.89 billion active users across the platform and made more profit than expected. it's a cost in terms of trying to police the platforms in the website, that will be a big problem for the bottom line. >> come back gary, i want to talk more about tesla. i cannot believe what's going on here. fifty dollars higher. explain what's going on and would you buy it. >> full disclosure i don't own the share so i'm completely depressed that i do not. the story goes, they have beaten estimates by miles and miles. i have to tell you the last two quarters sales were down 8% year-over-year in this quarter sales were up a measly 2%. it beats the heck out of me what is going on. evaluation, i think is insane.

short position was 32 million and down to 25. the short sailors are on a lot of xanax. and where can go i see outlier events like this where it can go. i cannot tell you buy or sell it but risk has picked up because i did not tell you to buy it. stu: i am with you on this one. well said indeed. let's turn away from money, let's get to politics. let's talk impeachment circus, brad is with this republican strategist. this thing could be over tomorrow if the gop can force a final vote of no witnesses. is it looking good like that? >> it is. i believe mcconnell will get the votes, this should be shut down, the impeachment on its face is invalid because articles do not meet the in constitutional standard of high crimes and misdemeanors.

therefore no witnesses are necessary in the house did not feel they were germane and material then the house should not either. they did not do their job because there was no job to do, the president committed no crimes. stu: i am looking at republican senators who were thought to be wavering in favor of witnesses but they are now coming back, cory gardner for example says no witnesses. and i want to roll a soundbite from senator joe manchin, the democrats last night. here is what he had to say. >> the whole thing makes it difficult. it is so hard to have a fair trial. i have never been a juror and i've never been called to jury duty. >> but you could consider -- >> i have everything open i have not made my mind up. i want to wait until the whole process is over and i will make my mind up. stu: when i'm looking at joe manchin in doug jones from alabama and cory gardner say no witnesses, it looks to me like you do have the votes to say no witnesses final vote friday.

>> no doubt about it. i think it would be the proper thing to do, lowering the bar further on impeachment and clearly in this case strictly partisan, the impeachment vote would do great damage to our country and put other presidents and apparel going forward republican or democrat. now's the time to get on with the business at hand in our country is doing fabulously well. just think of the country came together as it we seen in the senate that things actually meant something. there is no stopping us. stu: beware a last-second leak of some kind to the new york times which make the waivers go back the other way. i see a common. >> this is what they did with kavanaugh. but the clock is ticking, i think we are too wise to that bolton they thought was going to be there linchpin and it turned out to be a dud. and the american people are sick of it, there is no crisis. the only crisis that is being created is one of impeachment

that actually has no basis in fact. >> brad thank you for being with us. one more stock i want to look at an individual stock, amazon. they report "after the bell" today, not much price movement this far this morning market. overall is pretty much a down day. let's look, overall were down on the dow, down on the s&p and down on the nasdaq. that's with stacking up for the opening of the market. president trump delivering an historic win for america when he signed usmc trade agreement but is the democrats who want to take the credit. roll the tape. >> we've made vast improvement. if we weren't we would not have been able to pass the bill. we would not even want to pass the bill. stu: actually speaker pelosi is the one who held up the deal for over a year. we have that story and we will deliver. i live look at the white house, less than an hour very kudlow joins us. it's a busy newsday. he is on the show.

mike bloomberg skipping the iowa caucuses but what if he is a being the democrat nominee. his left the socialist, will they vote for multibillionaire. i was accused of living in a bubble by one of his advisors because i suggested that socialist would not vote for him. we will take that up after the break. who just woke up! you are so cute! but one thing we could both agree on was getting geico to help with homeowners insurance. yeah, it was really easy and we saved a bunch of money. oh, you got it. you are such a smart bear! call geico and see how easy saving on homeowners and condo insurance can be.

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>> coca-cola reported higher sales earlier this morning the stock is up 1.5%. in an otherwise down day ups given not so rosy forecast of a 4% loss rate there. let's get back to things get a little heated when i spoke to bloomberg campaign staffers. >> stuart, i appreciate your perspective but you are sitting in a bubble in new york. >> come on. i am not sitting in a bubble get out of here.

>> i do not believe i am sitting in a bubble. >> i am not sure -- >> have you talked to any voters. >> all the time. >> it was good having you on the show, i am not in a bubble and i'll break out of that bubble and we'll talk again. >> look who is here now, bradley and advisor to bloomberg's campaign. he was the former campaign manager to mike bloomberg. >> i will tell you the same i'm not living in a bubble. >> one of the few people who knows you and tim, i think i know less artificial setting you guys would like you to other. >> we would but i'm not in a bubble. >> i said how is a social supporters of bernie sanders and elizabeth warren, i think it's impossible -- if bloomberg gets the nomination how will they support him. he is splitting the party.

>> certainly that happened hillary and some extent in 2016. had it turned out she might've picked up some of the states and the outcome might've been different. if mike is the nominee i think we have an advantage with the sanders or worn with independent voters and conservative democratic voters but i think it someone is committed devout socialist they will have to decide is the world different enough for bloomberg or trump and they may say yes i really don't want trump or they may say i see the guy is not that different. >> i think you want bernie sanders with iowa, new hampshire and nevada. >> four appear mike bloomberg for president perspective, once tuesday rolls around he ends up in them last moderate standing from a campaign position standpoint, that is not so bad. stu: the socialist were forced the moderates into bloomberg's.

>> the question will become less and we got to a contested convention. >> you will spend a billion dollars. >> we will not win it because of resources. >> you have to understand it will be ironic would it not for the democrats to go with the multibillionaire who buys support in the convention, that is breaking history isn't it. >> i think it'll be a pragmatic choice because if that happens is because the democrat said we really don't believe sanders can be trump and therefore we want to go with him. but this is underlying whether bloomberg or biden or buttigieg whatever it is. there's a question if democrats care more about purity or winning in november, that the choice they have to make. >> yesterday mike bloomberg said he could never have achieved the level of success that he has achieved had he been black. some black folk don't like the

sound of that. >> i did not hear him say that until you just did so i'm not sure. and knowing mike and knowing him for a long time i guys is what he thinks about the opportunity with educational school with his brothers and the ability to take the 10 million-dollar payment and turn into the $60.000000000 lp some of that might've been harder had he been black instead of white. i assume that's what he thinks. stu: it's a pleasure having you on. i am glad you did not accuse me of living in a bubble. you are all right. see you later. economic growth could take a real hit if bernie sanders gets his way on healthcare. not sure i'm in favor of this little study here. >> i will try to explain. the squat university of pennsylvania said bernie sanders has his medicare for all program meeting everybody gets insurance that would shrink gdp, the economy by 24% by the year 2060. the reason why it will cost 32 t

of money. how you finance is very important. with the u.s. budget deficit is at a trillion this year which is the highest of 2012. if you take money to pay for medicare you cannot give money to other projects as well. that takes money out of the economy. also impact interest rates. if you finance it with treasury bills paying interest on each government bond that means other people have to compete with higher yield in order to get people to invest in. >> that makes sense but i wonder how you can go out to 2060, 40 years away and you're going to predict that we can treat the economy by a quarter. i'm not buying it. i oppose socialism on political grounds, ideological grounds and economic grounds but i don't oppose it with bogus study. gotta move on. southwest flew millions on jets,

millions of people -- how does that work again. >> 17 million passengers on planes with unconfirmed maintenance records over a two-year period our colleagues at the wall street journal got a hold of a report from the transport department which will be released in the next few days. expect to see southwest airlines share under pressure because of this. they also say the faa did not do enough about it, they say smashed wingtips trying to land in wins, passenger sick, numerous examples. >> southwest is down 3%. futures overall, down quite sharply all across the board. a day after the signing of the historic usmc deal the president is heading to michigan to celebrate with autoworkers. he is going to stop and i went to rally voters. just ahead of the iowa caucuses. a busy day for a very energetic president. we will deal with that next.

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gains for the loyal citizens of our nation. stu: that the president talking about usmca. he will do it again today. first michigan and then iowa. what you are looking at, this is iowa, they are lining up already. they camped out for tonight i will rally, that's a really big deal. this is the middle of winter for heaven sakes. that is iowa. they will be very, very cold down the caucuses, the democrats in four days and they are lining up to get into a term probably. what is he doing in michigan. >> i'm gonna come back and tell you about space heaters, blankets and tents and iowa. but in michigan he is there after signing usmca and we will remember he only one that state in the last presidential election by .3% and with the usmca one of the largest beneficiaries is the u.s. auto center. this is a victory lap for him if you like we know the members of the big three will be there any cheer the usmca being signed

yesterday president using his time well campaigning for 2020 but getting back to the drake university, tons of people bearing the cold temperatures, general public 3:00 p.m. you saw people lining up already. stu: we have new jersey, video right there lining up around the block, 100,000 people could not get in. profits at verizon not great. i believe the stock is down but not much. 1.3%. overall we are going down to the opening bell this morning all across-the-board, dow, s&p, nasdaq down, the virus that is doing it. packing a moment. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position.

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>> right before the market opened you can see it is going to be down. we are dealing with the virus predominate up to what's going on without herd 170 deaths, 7100 cases in china, 88 cases outside of china, 16 airlines canceled flights to and from china, the world health organization is meeting to try to decide whether to global health emergency and the meeting is going on now, i am going to the chinese academy adjusting growth in china will be less than 5% because of the virus. we also have a cruise line,

carnival which has a couple of flulike symptoms on the vote, that is the cruiseship, a lot of people on board they have two people with flulike symptoms and they are being taken off, everybody is squinting inside. 930 eastern time we are up and running the market, the nasdaq just open, we have opened on the downside. there you go, we are down 146, 144, a sea of red on the left-hand side. help me get through this. we have deidre, susan, jack and a special guest on tesla, gordon johnson proved we will get to you in a second period i dow down 140, a half percent. look at the s&p, that is on the downside. it is down .66%. look at the nasdaq down even more. we are down .68. down all across-the-board.

stock of the day, tesla, record delivers, strong profit, up and goes to $46. i will get to gordon johnson in a moment. microsoft is a big as well. doing well with the cloud business. 173 and microsoft. did i sell to early. >> facebook down, did not grow enough according to the experts, the stock taking a big hit of 7.5%. we also have the latest on economic growth which was 2.1% annualized growth rate in the fourth quarter. first of all i want to turn to gordon johnson on my right hand side, where you see tesla going. >> down we think the stock goes down. if you look at the numbers, tesla is effectively guiding to 500,000 in production this year. effectively by deliveries. in february of last year they guided to 420 - 600000 cars delivered and they delivered 670,000 cars. guidance for this year is lower than the guidance again for 2019

last read think about it the trading at a multiple gm market cap, gm does 500,000 cars in three weeks. we thin think is got ahead of i. >> why is it up this right now. if you think it's going to go down. >> this is a bubble. we think it's a bubble we think it's similar effectively bit coin on wheels. we think a lot of people are scared to miss the upside. >> if you look at the numbers, let's talk about the numbers, the net income for the year was negative 800 -- 900 million it was a 2.2%, we think that 2020 is were to be a disaster for them. the grow story is china and the coronavirus will dip car demand in china and the u.s. sales lester were down 3%. gm was only down three-point to. they make more cars and are going to produce in three weeks for a year. >> i got it. we think it's going to go down even though right now it's going up. we appreciate you being here.

you are a great man. let's move on. jack is with us. what do you think about tesla. >> i'm starting a support group. we are going to have a lot of meeting. a year ago people were saying look at the bonser trading lot below from wedbush saying it is $1000 on the stock, this is a guy who is neutral on the stock. neutral says it might hit $1000. while this market continues to climb i don't want to stay on the wrong side of tesla. it's too painful. >> we clearly have a difference of opinion about tesla. it is a $42. 623 on tesla. overall this is a down market but we may have come back a little. may i say this, the dow is only down 100 points. 20629. here's an indicator, this tells a big story, the year on the ten

year treasury all the way down to 1.57%. let's explain this again. when people are worried, scared, anxious, you put your money into a safe haven, that would be treasury bonds, the money goes in and the price goes up and the yield comes down. this is an indicator of anxiety. check the price of gold, it is still shy of 1600 bucks an ounce. 1582 to be precise. oil has dropped some more. down a buck at $52 a barrel. individual stocks, coca-cola reported better sales, up 2.3% in a down market. not bad. dupont gave a not so rosy forecast, hit by leak nylon prices. long time since i heard that one. remember nylons. a long time ago. that stock is down 4.8%. verizon hit the market down one and half percent. apple could face supplier

issues, foxconn is asking employees to stay home at least some of them and apple is down to 322. this is going to cut quite deep to apple. what to know about this. >> i think apple is a physician interface is a gated company with a diverse supply chain and be able to work their way around. i had concerns with apple and they had to do before the 5g phone. will the world want to update and willingness expectations answer is no. they have done just fine. everybody wanted $250 your pride, the company is making great money. >> they have to close half the stores in china as well. i was speaking to tim cook and california and he said the number one priority are our employees. but do they bounce back quickly they absolutely do. will this impact earnings, hard to say what they forecast much stronger sales than anticipated in the first quart of fishing. much higher but a wider than expected guidance and range because the coronavirus is so

fluent it's hard to predict. >> 322.90. facebook i believe is down 7%, 6.6%. what do you say to this one. why is it down so much. >> it went up 51% in the quarter. >> they make a ton of money and they're still dominating. >> their spending a lot of money to be better or make the world think -- to look like they're being better. i think some of the expense is going better in the key for facebook is the top line. it's still a company capable of growing the topline. >> revenue growth is slowing it's below 30% for three quarters just around 25. which is the envy of most of the company. >> that startup level. this is one of the biggest companies in america. >> it has a lot of challenges as well they had to pay a $5 billion with antitrust world we live it.

facebook -- >> you think the selloff is justified in facebook or you do not. >> i think the stock is higher. >> i'm backward to pass judgment. i knew we had to get to this. microsoft. all-time high. 17319 as we speak. more good news for me. i sold that at 159. i thought i was a genius. i got out before the big selloff. >> a big part of this, the u.s. department of defense, $10 billion over a decade, they one that at the expense of amazon. as your product is gaining, get back in. >> i'm not going to buy something at a higher price that i sold it for. the market is up in helping the dow. the dow is only down 49 points. microsoft is actually adding 30 points. you don't have a huge selloff going on at this moment.

ups, interesting, and aims to more than double weekend deliveries this year. they're taken on amazon. >> they are but to think amazon for the quarter the reason why the stock is down today because they forecast a lower sale than anticipated. they are doubling down on weekend deliveries saying we will deliver on sunday as well that was announced this year. with fedex announced last year and who are they trained a battle, it is interesting because they are now a competitor but partner with amazon where they deliver 20% of amazon sales but however, amazon is moving to their own delivering model shipping three and half billion packages already this year looking to exceed ups and fedex in two years. >> gordon johnson still sitting next to me the man who thinks tesla's went straight down on a day when tesla's went straight up. you're on your phone. are you getting harsh e-mails. >> clearly we have been wrong intermittently we have on the stock price.

but i think look into the future. >> look at the numbers, what the bulls were saying was positive on the report was the cashel generation but roughly 711 million of the billion dollars in cash flow generation was from them extending accounts payable and accrued liability. they will have to pay those in the future. we think this year is tough for them. >> it is a $59 now. keep talking. thank you for being with us. thanks to everybody, the dow industrial as we speak open way down over 100 points lower, now were down 40 points. microsoft has gone straight up. would days from the iowa caucuses we have a new poll, it shows joe biden in the lead but he's been struggling on the campaign trail recently. watch the. >> we choose truth over fax. >> why should you want to make a change. >> that's up to them.

>> why should they. >> for them to decide. >> will make your case. >> i'm not going to. [laughter] >> will he be able to snag iowa, the caucuses in just a couple of days. we are on it. and less than a half-hour larry kudlow joins us from the white house. a big news day we are talking gdp, the virus impact on china's economy and our economy, usmca and a whole lot more. plus pete rose is with us, a legend on the show and i'm asking him what he thinks about the houston astros sign stealing scandal. democrats obsessed over president trump celebrating the signing of usmca. it did not take long for the left to attack and try to take credit for usmca. we have a story for you next. ♪

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>> the dow down 72 points. we will be down a lot more than that. let me get back to tesla for second period a moment ago on her show i guess said it is going straight down but the stock is going straight up. now it is up $57 a share, tesla as 638. a racist char price target for . they were at 612 now the rest exceed for president trump sign the usmca into law yesterday, however, speaker pelosi wants to take some of the credit for the deal. >> as the president signs quite different from what the president said to us. because of the work of the chairman of the ways and means

committee will also make vast improvement. if we went we would not have been able to pass the bill. >> she said she made a team that made vast improvement to the deal. lance, republican from texas joined us now. how much credit does speaker pelosi deserve for usmc. >> she deserves all the credit for holding this thing up for 14 months. after the president negotiated that she and democrats held it up for 14 months. that is what she gets credit for. it is so ridiculous to see them now wind that they were not invited to the white house for assigning party. these are their priorities. if they'd been invited they would not have gone. it's always something with the democrats that are running the house. but nancy pelosi has held the agreement out and waited until the last possible minute when vulnerable democrats in swing districts said we have to get this passed and we have to deliver something always done is impeachment. >> i know you're in congress and

the house of representatives but i want, on impeachment which is going to the senate. it looks to me like some of the wavering senators are wavering on whether they should produce witnesses or not. some of them are now starting to say, no we don't need witnesses and i see a couple of democrats say the same thing. i'm tried to wrap this up and say this thing could be over with a final vote tomorrow. >> it is stunning outside of this building right now that people are talking about impeachment. but in this building no one is talking about it because it's a conclusion. everyone knows how it's going to end, a few senators enjoying the spotlight, meant romney is enjoying the press he's getting whether he's going to vote for the several for that. but we are seeing things happen like yesterday susan: said if there was bribery why didn't we charge him on it in the house. in adam schiff did not answer the question. and she said you did not answer

my question and these are things that senators are realizing, diane feinstein believes that she might even vote to acquit the president because they realize they're not winning. the only people paying attention to this our folks out of washington. when you walk to the halls of the capitol people have already written the whole process off. >> real fast in texas, your state, a lot of people care more about getting rid of the president or usmc. >> usmc and moving past this. people that i represent care more about getting the president reelected. i think there's a lot of anger back home about this impeachment process, we are angry here on the republican side in the u.s. house but behind closed doors all tell you the secret, we know this is a winner for us politically and we know we will take back the majority because democrats have mismanaged this in the american people are sick of it and we know that we will use old and when snacks remember. >> i would expect the president

to hop on that and people trying to throw him out into the in michigan which will be heavily favor because of usmca. and iowa where the farmers are doing well from usmca. i think the president will talk about that tonight. >> you think. he is winning for the american people and democrats aided. and when he wins something like usmca where they've had to finally given after 14 months, they finally said fine will let you have your agreement, they have to think of ridiculous things to try to dilute his win like saying it would not have passed without us. let's assume for a second that everything nancy pelosi said is true, why did it take 14 months. it's ridiculous and the people crossed america are seen through this and i think the president is on great terms with the american people and is going to cruise to reelection because of all this mess. >> coming to lance. take a look at the stock price,

lift, they want to be profitable and i believe they're cutting cost of restructuring going on. it's at 47. >> 90 people in the marketing and sales departments. but they are going to hire a thousand people this year. this goes to the same thing last year when they fired around 1000 people or so. lyft employees about 500 points or 90 people not that much prey but it's trading below the ip it's about -- if you strip up the cost there is still a lot of skeptic given how the stock is trading. >> they seem profitable. >> remember a movie past the subscription service of movie tickets. they just went for bankruptcy and the stock took a tumble. >> it's actually at 0. that is pretty clear. they will be selling the remaining assets in winding down all operations.

it was a simple plan we had limited movies but the subscription price was way below what it needed to cover cost. this is not really a mystery. >> good idea but it did not work. >> check they're down, not quite the sea of red we were expecting. two thirds of the dow 30 are red about one third green and the dow is down 23 overall. million-dollar mixing stock, they are giving away a free year to live in new york city. what happens after that. new york is one of the most expensive cities delivered. i will ask him, he's on the show after this break. whether you're out here on lte

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some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy.

this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. >> the vaping industry is not doing very well. altria has just taken a $4 billion charge on their investment in juul which is the vaping company. altria is down three box, 6%. a million-dollar listing start giving away a free year in new york city to one lucky person so that person can pursue their dreams without financial burden. the winner was picked last night, coming up right now ryan, the star of seller. walking to the show.

>> thank you for having me back. >> we picked out the winner on friday after going through 28000 applications. he happened to be running along the side of the road camping in an rv running across america to run awareness for plastic pollution to we flew to los angeles rented cars and had to find him somewhere on the highway between l.a. and joshua transcended and we found him on the side of the road. >> he gets a year over living in new york city for free. you give him an appointment. >> in apartment, food, monthly expenses, a metro car, everything he could possibly need 12 months in new york city. >> why is this guy so lucky, why do you do this. >> i would not be where i am today if it was not for new york city. they introduced me too my wife, brought me here as a soap opera actor who became a hand model who got into real estate and sells a lot of real estate. i cannot do that anywhere else. we get back as much as we

possibly can, at the end of last year i wanted to do it in an interesting way. >> at the end of the year what does this poor guy do, he has a beautiful apartment he probably can't keep it's extremely expensive what will he do. >> what i want to do is help someone get here. the same way i got to new york city i had a little money saved up in 2006 and i said i'm gonna go to new york city and figured it out. but i never would've come had i not had any money so that's what were going to do. we were really careful in who we were picking and how we were picking them to make sure they had a plan, passion and they knew how to take action. he does he will figure out how to do it. >> are you personally paying for the. >> yes. >> that's a lot of real estate isn't it. >> i can't get free apartments to everybody. but it's good to do. life is short. it's a start of a new decade. >> i think what you are doing is terrific in your lucky young man

there. >> i think you look better without a hat because you have great hair. >> that was a low blow. >> you do. [laughter] >> i've never seen you with a hat you never invite me out. [laughter] >> i don't go out i live in a bubble according to the previous gas. >> you did all right. thank you very much. president trump heading to iowa where the caucuses are come monday. he is going straight at them this comes after thousands, hundreds people lined up to see him in wildwood new jersey earlier this week and guess what, the crowds are lining up in iowa waiting for him to speak tonight. we have the crowds lined up for us. pete rose joined us later in the show and i will ask him what he thinks about the sign stealing scandal. he is on the show and so is larry kudlow he's had a very busy news day. more burning after this. are co.

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stuart: all right. look at this. this is not the big selloff we were expecting about an hour ago. we're down, not that much. off a quarter of win%. again not the huge triple-digit loss we were expecting earlier this morning. we're about to get the latest on mortgage rates. i think we to the them now. it hit 10:00 eastern. what you got? >> dropped by nine basis points. 3.51 for the 30-year fixed that is the second lowest in three years. it should support home buy demand. financing activity there is strength in housing and real estate which accounts for a fifth of the u.s. economy. this is positive. stuart: 3.51%. susan: yes i know. stuart: should i take you down memory lane, bought my first house in san francisco, 1977, 78, travel 1/2%. i thought it was a fabulous rate -- 12 1/2%.

in those rates you paid double-digit on your mortgage. it went up to 16% some people paid in the early 1980s. susan: possibly breaking three percent. stuart: 15 year fixed. you know exactly what the monthly payment is the next 15 years. you pay 3% interest. i call that pretty good. i really would. that should stimulate the housing market. there is not many homes for sale. that is a problem right there. across the board we have a market selloff. it is not huge, it is a market selloff. this is because of the virus. the virus the main threat investors see out there. 170 deaths. 7100 cases in china. 88 cases outside of china. 16 airlines canceling flights in and out of china. a quarantining of those people continues. and, let's see what else we got? then we've got, got to talk

about the economy. we've got gdp report this morning that shows we're expanding at annual rate of 2.1%. not that bad. not too shabby, about in line. 2.1%. i would call that pretty solid growth. let me tell you now the impact of the virus on the crude industry. right-hand side of the screen. carnival cruise ship docked off the coast of italy. it has been quarantined. 6,000 people on board. a two of them, a couple on hong kong being monitored. one has a flu symptom. carnival stock was down three bucks earlier. now down a buck 25. i can understand some anxiety and concern when you're about to take a cruise when there is this kind of problem that may be on board. you're enclosed. you're there with them. susan: substantial amount of

time too. usually multiple days involved, possibly a week for the itineraries. wedbush did research for every lost voyage they lose 4 million revenue. ccl, carnival cruise lines has also canceled four of their scheduled cruises from shanghai because of the coronavirus. stuart: you have to think, will they be, will people be canceling their places on cruises that have nothing to do with china? they're not been there. mediterranean cruises or cruises in other parts of asia? will people start to be worried about stuff going on? cruise line is down. let me show you again the big board. we're down, not that much. 48 points. a couple of dow stocks hit actually all-time highs. start with microsoft. look at them go. 172 is the count there now. $172 a share, up $4.

that is 2 1/2%. huge move for a company of that size. coca-cola, they came out with pretty good sales. they're at $58 a share. they're up $102. let's -- 1.02. >> get to impeachment the story of the day. republicans hoping to put to end the idea of calling ex-interest witnesses. here is what john barrasso said about ending this thing tomorrow. roll tape. >> momentum in our conference is clearly toward ending this trial, going to a final vote, a vote on final judgment. we hope to have that on friday. stuart: yeah. on friday. indiana senator mike brown with us now. we hear, senator, that some of the republicans who are wavering in favor of witnesses are now wavering the other way. a couple of democrats are saying

no witnesses. that sounds like you could have a vote to get this thing done tomorrow? >> i hope so because usmca, i was over there for that. i actually got a pen. that was a pen worth receiving. i remember when they handed out the impeachment pens. what john barrasso said, he and i have been leading the charge, especially ted cruz as well among others to make sure we don't get swamped by the media on the whole impeachment proceeding. for many people, you know this has been ill-founded from the get-go. the main takeaway i had dershowitz put it out there, of course they're impugning him now because he said the articles are ill-founded, and started talking about quid pro quo. there was more after quid pro quo that occurred with joe biden and so forth. so what i'm saying is we knew we would get to tomorrow. i think we are, yes, getting

closer to getting their peace of mind to have a vote they would live with. hopefully that will not be more witnesses. this has been belabored. they had 17 of them, 13 they used in the record in the senate. that is sign of a weak circumstantial case. anymore of the same will not add to it. stuart: president is doing strong counterpunching. big ceremony yesterday for the signing of usmca. >> yes. stuart: today he hits the road. he is going to michigan. i think it is a car factory there or auto supplier there. then he goes to iowa where the caucuses are on monday. the man is taking powerful message right to the other side. usmca i think is a big deal here. >> it is. because you know, you have got optimistic forecasts on gdp growth, up to 1%. i will take 3, 4, five, of a

percent, 2.1% growth of gdp i think you see that going up each quarter because the usmca actually having an impact. you have got the china deal. there is a lot of stuff i think that is going to bode well. when you look what they're talking about, "green new deal," "medicare for all," electoral college going by the way, i think it is going to get a lot of independents thinking, why would we want to get rid of an economy like this? because if any of that stuff gets into play, this thing is going down in terms of growth. there is no doubt about it. stuart: i'm sure as you know, senator, speaker pelosi was trying to take some credit for usmca. bear with me, senator. i just want to show this for our audience. roll that tape please. >> because of the work of our chairman of the ways and means committee and work of organized labor afl-cio, richard trumka we were able to make vast

improvements. if we were not we would not pass the bill, would not have wanted to pass the bill. stuart: will you say that democrats made vast improvement. >> i will not debate that. this is good for the part of the economy that needs the most of the help. most of that is a disguise for the fact they wanted to slow it down. it should have been done six months ago because they knew it would be a real feather in the president's cap. i think she is going to pay a little bit after political price for slow-walking it. i'm just thankful it is now done. we're going to see the benefits over the next few months. stuart: you are a very successful businessman before you went into the senate. would am oomph be good for the kind of businesses you ran and good for the state of indiana? >> no doubt about it. i was in the ag business as turkey farmer for 32 years. built a distribution and logistics business. indiana is the number one state per capita in manufacturing.

with egg being right there second or third in terms of importance. for my own state, for the country, this is going to be a winner and it will also build into the agenda that trump's put out there, let's promote commerce. let's not throw a wet blanket on it. his getting rid of unnecessary regulations, i'm a believer you need some to stay within the guardrails. what he has done has been an amazing transformation of the economy for a main street entrepreneur like myself. stuart: you know, senator, i learn a lot when i'm covering usmca and interviewing senators who approve of it. yesterday i found out that north dakota, major exporter of wheat. i didn't know that. usmca allows the exportation of wheat to canada where it will be treated as a high quality product, not as animal feed. now i'm finding out in indiana you are the per capita the most does industrialized state.

i didn't know that. >> i try to throw in edifying information, stu. stuart: now you're a turkey farmer. >> used to be. stuart: always enjoy it. >> thank you. stuart: super bowl, comes up sunday. a lot of you look forward to the ads, yeah you do. i do. kia is airing an ad that deals with youth homelessness. a little serious for the super bowl day i would say? we'll ask kia about their ad later this hour. 95% negative coverage of the republican arguments. wait until you hear how they covered the democrats. we'll break it down later this hour. white house top economic guy, larry kudlow will join us later. rescheduled. around 11:15 for larry kudlow. we'll be right back.

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stuart: that's what we got. down 40 point now for the dow. down 38, 37 weep it up maybe we get to positive territory. we're down ever so slightly. here is the stock of the day, tesla. a big upgrade from oppenheimer. they think it will go to 684. they think it is going up. listen to tesla analyst gordon johnson who was on the show last hour. he thinks it is going down. listen to this. >> we think this is a bubble. we think effectively bitcoin on wheels. a lot of people are scared to miss the upside. stuart: bitcoin on wheels. i find that fascinating. a real of opinion here. susan: shorts lost out in the bet, lost $8 billion betting against the stock. lost close to a billion dollars already in 2020. we're not even finished the first month of this year, right? you have to get used to tesla

being a profitable company. they made a profit in the previous quarter. they said they would be profitable this year as well. they did promise that last year, elon musk did. given you have model y delivery production starting in april ahead of schedule, shanghai starting ahead of schedule. all of sudden tesla delivering faster than anticipated. five hundred thousand this year. stuart: the berlin factory will be up and running early 2021. susan: coronavirus might impact production in shanghai. there has been a lockdown in that affected area. that something might, might impact production levels. still tesla has turned things around. a great many changer. stuart: look at that, $65 higher. 11% gain for a company like tesla. 646. happening right now the white house holding a briefing on drug overdose deaths. it just started by the way. that is kellyanne conway on left-hand side of the screen.

anymore details. >> part of briefing has stats from the cdc. drug overdose deaths 2018 versus 2017. a 4% decline. trump administration is serious about combating the crisis. mortality. life expectancy for the u.s. population went up a 10th of a year between 2017 and 2018. we're living on average 78.7 years. stuart: is that right? men and women combined. >> the whole kit and ba doodle. susan: for you 100. stuart: i like the stats. maybe i have got seven years left. okay? we shall see. one shouldn't speculate on one's own mortality. >> bad luck. stuart: i just did. president trump tonight heads to iowa. you know they're camped out already. they open the doors 3:00 this afternoon. the folks have been there all night. it is middle of winter. look who is here. todd piro, "fox & friends" host.

you covered these events. a lot of these rallies. >> for you i'm chief rally correspondent. stuart: that is fine with me. have they changed? the nature of rallies different from what it was back then? >> they have changed. let me explain why. if you look at locations rallies were being held. trump first started using rallies, these locations were new. we have repeat offenders in terms of location. that we have repeat offenders of people who are going. people have little bit of institutional memory. we need to get there, potentially a day in advance because of the lines. that creates an even greater intensity behind these rallies. you don't see the trend changing anytime soon. where will trump hold most of these rallies? in swank states where he knew they were swing states back in 2016, 2017, 2018, 2019. there are a handful of states this year he will hit hard and often. stuart: counterprograming.

counterpunching. impeachment in d.c. president striding across the country telling how great the economy is and great trade deals. counterpunching. >> great point. you look often times we get word rallies will be held, we get an email from the trump campaign, sort of when we know impeachment schedule will look like, debate will look like. that is the counterprograming. we always talk about that split screen effect. he knows exactly what he is doing getting that split screen effect. stuart: also, we were told by the campaign that new jersey rally, the big rally, just tuesday night i think it was, 100,000 people, there they are lined up. >> 175,000. stuart: that was request for tickets. >> right. stuart: 100,000 showed up and couldn't get in, et cetera, et cetera. republican campaign told us 26% of those people were democrats. >> interesting. stuart: this is the president speaking in new jersey. 10% of the people had not voted

in 2016. you have this data bank that you're building up of all people all across the swing states, who you can jostle with an email whenever you want to. >> you talk to brad parscale, that data point comes up over and over again. that is why they're doing it. get the dems especially in new jersey, you're not swinging new jersey. stuart: are you sure of that? >> you know new jersey. ones live in pennsylvania, 45 minutes an hour away from where the rally was held. pennsylvania is swing state. you need to make sure those people from the rally vote in november. stuart: i give you that. i don't think new jersey swings. >> i'm from there. you live there. stuart: that's right. todd, you're all right. thanks for joining us. good stuff. >> thank you. stuart: coming up in the 11:00 hour. tell you about this, baseball legend pete rose i will get his take on the sign-stealing scandal that really rocked major league baseball. plus, charlie hustle will get paid that is his nickname, he will get paid $10,000 to lose

weight. i think that is a good story. susan: how much weight? stuart: i don't know. i will ask him. the virus, update on that, still not contained, 170 dead in china. we'll give you the latest on the virus. by the way, top economic guy, larry kudlow, joins us in our next hour, 11:00 hour. talking virus, talking economic growth. we rescheduled this. it will be about 11:15 eastern this morning. ♪. ♪ [shouting] [clapping and shouting]

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all reported earnings, ups, verizon, coca-cola. coke's up. verizon, ups down. altria, deirdre? deirdre: seeking a $4.1 billion charge, for the u.s. mounting lawsuits against the e-cigarette maker juul you remember it has a 35% stake in. you will also remember this is the second billion dollar write-down. one for four 1/2 billion dollars. the company, obviously, juul, worth a heck of a lot less. at within point it was valued something in the high, let's see here -- 15 billion. that's right. altria paid close to 13 billion in cash for a 35% stake. fortunes have changed. stuart: it sure has. they face lawsuits because of the vaping? deirdre: yeah, because juul has been targeted or accused of supporting underage vaping with all the flavored cartridges. stuart: that's it. let's update the virus.

still hurting this market. the update from susan. susan: looks like we still have 170 deaths, more than 7700 cases, closer to 8,000 and we do have 18 countries being affected, reporting cases of coronavirus now. w. the w.h.o. reconvening deciding whether to call this public emergency. this time they said no, it is not. spreading quickly, some cases up to 8,000 around the world, they might reconsider. this is interesting point. russia shares a pretty long border with china. russia is apparently considering closing its 2600-mile border with china. might go further than that. stuart: big question for investors here, is surely how far down does this slow china's economy and how far does it affect us?

they slowed down, how much do we slow down. susan: nomura said this could impact gdp in china. real gdp could be down to 4%, from the 6% it has been growing at. sars killing 800 people, took the economy down 2%. given what china is slowing down this might have bigger impact and global ramification is. stuart: bigger impact on us. that is why the market is down we believe. new government report, southwest airlines flew millions of planes, flights, i guess you could say with unconfirmed maintenance records. that is a shock. the stock is down. we'll discuss in a moment. ♪.

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♪. stuart: i remember. susan: not going to sing it? stuart: you never -- do you know the song? susan: i don't know the title of it. but i recognize it, yes. stuart: you do? deirdre? deirdre: no, sorry. stuart: a lilting lyrical song i like it. a littledown beat for this show. we like to be upbeat, lively. check the big board. we're down 93 points at this stage. exactly 1/3 of 1%. we have big-name companies really moving on the market. i will start with facebook. look at them, down 6%, they reported a good quarter but the stock has taken a dive i believe because of their expenses.

they're down 13 points. $209 a share. come in, john friedman, vice president of equity research at cfra. john, where do you think facebook's headed? it is way down now? where is it going? >> right. thank you very much for having me. facebook i think has had a run. therefore i think the expectations got maybe a little bit ahead of, you know, what was, what was going to be real. our target is 233. i still think that's very reasonable for 12-month price target. i think there is a lot of operational leverage, even though spending may have been up. yeah, i was surprised that operating march begins were still in the low 40s. but i think that the, the operating leverage that is inherent in this business is so strong. the revenue growth was still so strong, users, and there is plenty of room for, you know, very strong eps growth.

i think it will really surprise people over the next couple quarters. i think that target is very realistic. stuart: you think it goes up to there, 230. all right. microsoft we have the company at 171. oppenheimer thinks it will go to 195, that's microsoft. what is your target? >> our target is 186. i upgraded that a couple months ago to 186 which seemed honestly at the time, it was 140 seemed a little stretching, microsoft psychologically, wow, how can a company over a trillion dollar market cap keep growing but they can. i think the cloud business is doing outstanding. surprised at 60% growth. my 186-dollar target is, you know, maybe looking a little ready for, you know for an upgrade there too. but honestly, microsoft it is an outstanding company on rails right now. stuart: so you think facebook is going up from here.

microsoft goes up from here. tell me about google. they report on monday. they're currently at $1444 a share. what is your target? >> our target is $1743 a share. and again, that kind of sounds like wow, that is a little bit of a stretch with a company so large. google has so much cash on the balance sheet. you have to take that out in order to properly value you it. as well as google cloud also growing. all the cloud services. amazon cloud services. microsoft cloud services. they're all growing like gangbusters as sort of the, this migration of applications to the cloud by these large enterprises, fortune 500 companies is really accelerating, will continue to accelerate the next two or three years. i think that will drive google's growth as long as the advertising business doesn't fall off which i don't think it will. stuart: microsoft up, google up, let's deal with twitter.

you're expecting strong revenue growth. it is now $33 a share. where is it going? >> i don't think it goes much different than that our target is in the mid 30s. twitter's problem, what i want to see, there is a lot of interesting things they're doing there with artificial intelligence and machine learning for their advertisers being able to better place ads but the problem is operational consistency of execution. i got to see a couple quarters in a row where some number doesn't come out and surprise everybody to the negative. and if that is the case if they execute well like that, then maybe they bill be, you know, ready for an upgrade but not now. i still have a hold on the shares. stuart: john freeman, you ran through four big-name companies there. facebook up, microsoft up, google up, not so much for twitter. john freeman. thank you, sir. >> thank you. stuart: you dealt with a lot of stuff real fast. we like that. >> appreciate it. stuart: now we have a government

report saying southwest airlines flew millions of passengers on planes what i call unconfirmed maintenance records. grady trimble in chicago with details. do you know exactly what is an unconfirmed maintenance report? does that mean the plane wasn't safe? >> that means the faa didn't do all oversight it should have done on all the planes. this is according to a draft report. we haven't seen it yet. this is according to "the wall street journal" the report is due out in the coming weeks potentially. the faa managers according to this report allowed the airline to fly planes with unresolved safety concerns. in one event in 2019. the airline apparently tried to land a plane repeatedly in high winds, smashing wingtips on the runway. the report criticized faa for what it called lax oversight. this is a again a draft audit. southwest is pushing back with this. they say we communicated our disappointment in the draft audit report. they say they maintain a culture of compliance recognizing the

safety of our operation as the most important thing we do. you can see southwest stock not trading too well in the first hour today but no airlines are because of coronavirus. stuart. stuart: all the airlines are down because air travel is down. they're all suffering. i think southwest is pretty much in line with the loss of 1 1/2%. got it. grady, thanks very much, sir. appreciate it. see you soon. lyft planning stages that include job cuts, susan. susan: 90 jobs lost in lyft's sales and marketing departments. they will hire 1000 this year as well. uber did the same thing. they shed 1000 jobs. 30% below water. so they need to do something about this to control costs since they promised profitability outside of certain costs and depreciation by next year, 2021. but is it concerning there are multiple reports of job cuts of certain companies? so lyft is going to fire 90.

oeo, health care company, wework, thousands of jobs being lost there. 3m. nissan, jpm, netflix, trip advisor, ups, there may be pockets of the economy might not be doing as well as rest. stuart: sill 7 million jobs going begging. >> a million more than people looking for work. stuart: susan, thank you. you remember these guys, parent company of movie pass? they're filing for chapter 7. that is complete obliteration. deirdre: the stock is at zero. court sells off remaining assets. will wind down all operations. the idea was unlimited entry to films for monthly subscription price. but the problem the monthly subscription price was well below what was needed to cover costs. when you look at it that way, the 00, 00, is not a surprise. stuart: doesn't mean people are going to movies less often. deirdre: right. stuart: simply means priced the whole deal wrong. deirdre: exactly.

stuart: incorrectly. susan: they tried for the netflix model to make losses. deirdre: subscription model. susan: user data and sell the data. it didn't work well for them. they probably didn't get a lot of data. stuart: got. the dow is down 126. we're all over the place today. up one minute. we've not been up at all. we were down about one point. we're down 125 right now. back to 28,600. that is the problem, the virus is the problem. coming up, white house top economic guy larry kudlow will join us next hour. we had to rekeyed all this. he will be on the show 11:15. super bowl on sunday, chiefs face the 49ers. the big part of the super bowl is entertaining commercials. coming up, one commercial that will run, it is kind of serious for the super bowl. we'll break it down after this.

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stuart: market just took a turn south. we're down 2/3 of 1%. that is 187 points. i think this is connected to the virus. it is not contained. the death toll has risen. we've got reports that i think the "new york post," right? deirdre: exactly. at 10:00 they put out the post saying coronavirus can spread on contaminated surfaces. they are quoting experts. as we're all reminded, 170 people have already died in china. thousands more affected. by the way, the post is quoting the sun which they were sourced by the world health organization. stuart: can be picked up from surfaces? deirdre: that the virus survives

on inanimate surfaces for a short period of time. according to one of the doctors on the w.h.o. emergency committee. she was speaking about the outbreak. according to the reports, this is the "new york post" quoting the sun. stuart: that may be one of the virus factors in the story. deirdre: sure. stuart: at 10:00 when the report came out. the dow was down about 40 or 50. now we're down about 170. we have to follow it for you. let's get to the super bowl, three days away. the big game will be broadcast on fox of course. cheryl casone is in miami. cheryl you spoke to an envelope star. what have you got for us. reporter: big piece of news, good morning to you from south beach in miami, roger goodell, the commissioner of the nfl, had a news conference. there will be a big tribute to basketball star legend kobe bryant. this is the biggest football

game of the year honoring one of arguably one of the most famous basketball players of the century. adam thelen, wide receiver for the minnesota vikings. he stopped here by the fox camera. we talked about what kobe bryant meant to him as an athlete. >> for me growing up, i remember going to a play off game against the timberwolves, keep bryant, shaq. i remember as a kid being, man, that guy is doing something special. i remember reading books about him, watching stories, features on him, just how he prepared, how he worked, how he took care of his body. those are the same things that i try to imbue late. honestly since this all has happened, made me realize, man i got to take my game to the next level, to honor him. to show him my appreciation for what he did in my career and how he inspired me to be the best athlete i could be.

reporter: that tribute will be on sunday during the game, which will air on fox on sunday night. stuart, the other big story is the money. the average ticket right now, if you want to go to the super bowl, the average price, $8940. the cheaper is 4 grand. on the secondary market this will be the most expensive super bowl for ticket prices ever. stuart: i will remember that, cheryl. do my best to remember that. cheryl casone there for the weekend. see you soon. i want to talk about the ads on the super bowl. a lot of people watch the super bowl for the ads. i think it is -- susan: here it is. 12 second preview of the electric ev. 11,500-pound torque, zero to 60 in three seconds. this is about jobs. gm is switching to a new electric future. they're saving 2200 jobs in

michigan, in detroit with a $2.2 billion investment in a factory that builds electric hummer. i call it schwarzenegger vehicle. apparently he has an electric already. stuart: i will stay on super bowl ads. kia has an ad this year. it is kind of serious in nature. it is about youth homelessness. here from kia motors, russell weger. welcome to the program. >> thank you for having me. stuart: a lot of people watch the ads. they're usually creative, humorous. yours is serious. why do you do that? >> over the years we've been involved in the super bowl last 10 years. they go on the super bowl, three reasons, one get awareness of their brand, two, launch a product or three tell them what the stands for. last year we started with our effort of the great unknowns. youth scholarships. 16 people that were not able to get to college, we helped them. so we're continuing. there is over four million child

homeless in u.s. stuart: there is a problem, obviously. you're taking it on, put it on an ad. is that the best way to get kia and the kia name out there in public? you will stand in sharp relief from the other ads which will make me laugh? >> you want to be authentic to what your brand is about. you want people to understand a little bit more. you want to tell you have a new product, the kia seltos in the ad. the story that resonated with us josh jacobs. running back, oakland raiders. before that alabama. before that living on the streets with his father in their car, homeless. stuart: you could be accused going the politically correct route? >> i don't know that they're doing it for politically correct reasons. we're doing it because we have 750 plus dealers that help the local communities every month. we're trying to bring a bigger voice. stuart: why don't you advertise the telluride?

that is the large suv i know the vehicle rather well as you know. why don't you advertise that, it is doing well? >> telluride started selling last february. it is doing great. it won the triple crown of automotive awards. we can't make enough of them. we actually increased production in the plant in georgia. so that is good. stuart: teluride is made in georgia? >> it is made in georgia. stuart: you should advertise that. >> we did last year. we advertised in the city where it is built, la grange. stuart: russell, thank you for joining us. i will watch the ads. we'll sue how it play. >> have a good day. stuart: there will be plenty of car commercials in the super bowl but beer and soft drinks usually spend big. deirdre, who are the biggest spenders. deirdre: here your team, good-looking graphic so people can follow. budweiser pepsi, coca-cola, mcdonald's, see them there, ford rounding out. stuart: whoa, hold on a minute. $449 million from budweiser just

for super bowl ads? deirdre: just for super bowl ads over number of years. stuart: okay, thank you. >> most of them going 18 to 21 years. stuart: that's different. are you kidding me? a half billion? deirdre: fox is covering it right? susan: five million for 30 seconds. it is pricey. deirdre: it is pricey. stuart: that's a lot of money. deirdre: mostly consumables and finally car company. stuart: kia. we cover the media a lot. we cover their coverage of impeachment of president trump. next, a new report says the media was 100% positive on the democrats case against the president. we'll tell you about their responses to the republican case in a moment. ♪. woman: friction points,

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prosecutors painting a damning portrait of the president. >> the mitt romney question was the most interesting of me the last few hours. it was a simple factual question that the president's lawyers couldn't answer. stuart: that is just a small sample of the media spin on impeachment. look at this from media research center. evening news spin, 100% negative on trump defense. 95% positive on the democrats offense. now take a look what the other news network or, other news networks were doing when president warm was signing usmca. not much. come in joe concha. media reporter for "the hill." how do you explain all of this. i know how to explain it but it never changes, does it? >> when something is in your dna, like you with the gym. when you go to the gym every day for three years, how do you do something differently? when you're negative towards the president for three years they can't change a thing. here is the thing, stuart. echo chambers are boring

predictable. we saw the praise of adam schiff presenting last week. he is dazzling, so on. no fact check. to the point the associated press does fact checks of the president's legal team all week. but i noticed they didn't do a fact checks of schiff last week who may have credibility problems. i contacted ap. we covered it but bothered not to do any fact checks. gee i wonder why that, stuart. stuart: goes on and on. i don't think people are watching msnbc's, cnns of this world. they're not watching them. >> they're not watching impeachment in general. when democrats were wrapping up the article last week, they couldn't get 7 million people to watch over six networks, majority watching fox news but primarily. the other ones they can't get anybody to tune in. put that in context. you can't get seven million people. when they did the "jeopardy" tournament of champions on one network on abc, that drew 15 million. you're getting outrated by "jeopardy," doubled, that is a

problem. people are not interested. they know the ending. i talked to mark penn, democratic strategist for the clintons. why is nobody watching this? there is no body. where is the body? did ukrainians get their aid? yes they did. did we see the transcript? yes we can. the president will be acquitted. why am i watching. stuart: very good question, they're not watching. joe concha. >> they're watching you, stuart. i see the numbers. congratulations. stuart: oh, i'm sorry, i don't live for this. the dow industrials down 228 point. the number of cases has risen to 8300. and it got to that level very quickly, much faster than it took sars all those years ago to get to that level. now we're down 220. big hour coming up. baseball legend pete rose is with us. we'll ask him about the sign-stealing scandal rocking baseball. plus, what is his pick for sunday's super bowl? i will ask.

white house top economic gentleman larry kudlow joins us again next hour. what is the impact of the virus on our economy? we'll ask. we'll be back. is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby!

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paycom frees you to focus on the business of business. to learn more, visit paycom.com stuart: 11:00 o'clock in new york, stocks very close to their session lows, virus is the problem, the total more than 8,000, another death has been reported, that total now 171, softerly, we will talk to white house economic counsel larry kudlow of the impact on our economy. now, this, you will see a lot of this, the president on the road rallying support in the states that will decide the election. he's onto iowa where the democrats caucus in just four days, two rallies, one day,i

guess he's showing his energy, he's delivering powerful message, the industrial workers of michigan are doing well in blue-collar boom, it's called counterprogramming or counterpunching just impeachment charades wastes time and money, he counters a hostile media with his twitter account, that's his own news service, he counters the negativity of his opponents with la -- rallies, he's doing today what he did successfully tuesday, he packed the arena where he spoke, 100,000 couldn't get in, they held a party outside. 20% of the people in the rally were democrats. not only that, there was anger

and directed at democrats in washington who are maring -- smearing the president at every opportunity, the left should be worried, the left are running the democrat party and huge tax increases and alice and wonderland green new deal, here comes the president marching and america first, let's get right to it, bring in 2020 communication's director tim, tim, i have video, they are lining up already in iowa, this is a pretty good deal here. >> yeah, it's amazing, stuart, it's going to be a great show tonight with the president in iowa, a couple thousand people camped out in board walk in atlantic city in freezing temperatures there, exposed to the elements, the same is happening in des moines; a lot of people in the media, democrats want people to believe that it's just the president preaching through the converted.

that is not true, these are registered voters, democrats who are here to see the president, hear president. stuart: 26% of the people who went to new jersey rally, democrats, 10% of the people who went to the jersey did not vote in 2016, very valuable information for you, are you surprised at how many democrats came out? >> the numbers have been consistent rally through rally. this is a larger point in new jersey, jeff vandrew, for him impeachment was the final is that, he's fed up with leftward

lurch. hundreds of democrats that are tired of the way of the party, there's home for you in the republican party with president trump, you know, come on in, the water is fine. stuart: it's deliberate, isn't it? you look at the schedule of the democrats, debates and caucuses and you counterprogram with a rally right as they are doing that? pretty god -- good take tick i'd say. >> thank you. stuart let's get to the economy, brian brendberg, king's college, look, i think the economy is doing just fine, growth figures last quarter, they are pretty good. >> if you want better than that, stuart, we look at 2020, there are reasons to believe it's going to get better with the trade deals that are in place, we know last year one to have big factors was china and usmca

was sitting in the desk of congress for a year, when you change those dynamics you change fundamentally what the growth capacity is of the u.s. economy and i agree with you, it's not a terrible number, it could get better, though, in 2020 and it ought to, this is an economy that can grow faster than 2.1%. stuart: we have to talk about the impact of the virus, let me turn away for a second, clearly the virus is hurting the market right now, up nearly 200 points, can you update -- the numbers we have on the outbreak to have virus. >> the latest case is 8,233 and the death count has increased by 1 to 171 deaths, 18 countries reporting a case confirmed case of coronavirus and this is fast spreading even faster now and bigger than sars. sars had 10% kill rate and corona 2 to 3% right now, however, that's still higher than the common cold which is

concerning. according to city, they say that china's economy will only grow 4% down from 6% in the first quarter of this year, that's huge for the second largest economy in the world and will have a ripple effect around the world even here to the u.s. as well. >> let's bring in economist grind brendberg on this, you don't think that the virus will be that big of a deal for us economically? >> i think the headlines right now are suggesting this is the kind of thing that could fundamentally wreck this economy in 2020. >> i'm not going that far. >> some people are. stuart: i'm not. if you slowdown china's 6% to 4%, the ripple effect, it won't kill us but it'll hurt us. >> that's true, stuart, the thing that people are

underestimating, we are doing in the case of coronavirus, we are not acting, we have an economy that's ready to break out in 2020, we are acting like we have an economy that's right on the edge of getting very slow to the point of recession, that's not where we are, yes, china has some issues here, it's going to affect us but we have trade deals in place with méxico and canada that will make a big difference, there are things in place that allow this economy to be resilient against coronavirus, that's not getting enough attention. stuart: all right, i will leave it right there. quick check of big-tech earnings, i will start with facebook, victims of their own success, revenue up, use e-base grew, showing signs of income growth, that stock is down whopping 6 and a half percent. microsoft all-time high, they reached 174 earlier, 171.96,

their cloud business is growing really, really well. 171 microsoft. stock of the day, though, tesla, strong profit report from them and that's -- i hate these terms, revved up investors. [laughter] stuart: they also delivered record number, 112,000, a whopping great big gain, way above 600 bucks, big guests coming up later, baseball lagend pete ross, he's back, i'm asking him about the sign-stealing scandal, first time he's commenting on, this don't miss it please. president trump heads to iowa later today, that's after huge crowds in new jersey earlier this week, yeah, we we have a jam-packed week for us and the president, first, though, we will talk to larry kudlow, stay with us, we call this the hour of champions, the third hour of varney just getting started.

stuart: i've got a bone to pick with this report, it's with the warden school, the economy takes a huge hit if bernie sanders gets his way on health care, lay out the results to have study. >> they say it will shrink the economy by 24% by 2060 because medicare for all will cost 32 to $34 trillion according to reports, bernie sanders hasn't come up with a concrete plan, but that means deficit financing, that also will hurt the economy, how you ask, i know you're very eager to ask how, but so basically if you're going to print money and you issue government debt, right, that money doesn't go to other projects like, for instance, i don't know, transportation or

infrastructure, which they say is probably more sustainable, more liabilities as the population continues to age on the healthcare system that means higher as well, and if you're going to finance it by supplying treasury bills that also increases interest rates because other people have to compete with making investments more attractive than 2%, 3%, 4% rate and when that eventually meets higher yields, higher interest rates, that takes money out of the economy and slowing growth. stuart: i really don't care what they project 420 years in advance. >> for you. stuart: good one. all i care about is what happens in the one year after a president sanders raises taxes astronomically, i tell you what, 4 years and i'm dead.

>> you could possibly be 40 years, you'll be very old but can be done. it's possible, stuart. stuart: the president is heading to iowa, des moines, i believe it is tonight, he has another rally there, remember the huge crowds in new jersey earlier this week, i'm going to tell you now that the crowds are already lining up in iowa for that speech and rally tonight, here is the latest polling, president trump handily beats warren, sanders in biden, this is in head to head matchups, he's back in the lead there. come on in former speaker of the iowa house, linda, i take it you're expecting a pretty warm reception tonight, right? >> i believe that we will have a very warm reception, in fact, you're exactly correct, the crowds are gathering, everybody is speculating about where they might park, that's the biggest

issue today, they are planning overflow accommodations with big jumbo tron outside of the stadium, i think it will be wonderful night especially following the usmca. stuart: deliberate programming from the president's point of view, isn't it, marchs into iowa on a friday, you have your caucuses for the democrats on monday morning, he's stealing their thunder, isn't he, that's what he's doing? >> well, i think he naturally will steal some of the thunder, firing up the republicans for caucuses on monday night and i think in addition the president wants to do a bit of a victory lap, celebrating iowans and thanking iowans for staying with him on the usmca it really serve it is dual purpose, that absolutely, this is a great night to celebrate the president and prepare for the caucuses on the republican side where we don't have the head to head competition right now. stuart: make a forecast for me, i know that you believe that the

president will win iowa in the general election by how many points you think he will win iowa, remember you will be on video tape? >> you know, that's hard today because things change so fast as you well know, let's just -- i'm going make a prediction here, i believe the president wins iowa by 7 points. stuart: 7 points, okay. we will take it, ma'am, we will take into account, thanks very much for coming today, we do appreciate it. 7-point win for the president in iowa, thanks very much, ma'am, appreciate it. i will stay on iowa, bernie sanders' campaign expecting a big win in the caucuses, how big a win? lauren: they think they have it in the bag, they don't care about undecided voters, they want their supporters, they think have enough to show up and say what they think, bernie sanders has said if i were president on day one i would repeal usmca. well, the number -- top 2 expert

markets for iowa and farmers are méxico and canada. how does that -- how would that work in that crowd if you say something like that. stuart: i don't think that the activist in iowa who go to caucuses, i don't think they care about that kind of thing, i think they care about socialism and beating president trump, they are right on the first one, they'll get socialist candidate and wrong on the second one, i don't think a socialist can beat president trump, period. that's where i'm coming from. lauren: bernie sanders has had sizable rallies throughout iowa especially rural iowa, celebrity democratic representative aoc. stuart: now from the washington national economic council director larry kudlow. >> thank you, start, thanks for waiting on the other press conference. stuart: no problem, can i start with the virus, the great question is how much impact, how

much damage could this virus do to our economy because clearly it will slow down the biggest economy in the world, china, can you quantify it at all? >> i'm not going to quantify, stu, i will make two general statements, number 1, this is principally a public health problem and the pandemic, of course, is in china, not the united states. number 2, in so far the economy, st, we see no material impact on our economy, we've gone back at looked at the the sars episode in nearly 2000, no material impact, this may or may not be worse, i'm not an expert on this, it's a very serious matter, to put it in some perspective, we know the president in the oval talked about a lot of things, noted just for the record in a typical

year flu in the u.s. causes 40,000 deaths. it's a horrible number but that's what happened. in the paper this morning; somebody reported so far in the flu season, 8500 americans have lost their lives, that's a tragedy and, you know, everyone will work hard to deal with that but just trying to put this coronavirus in perspective. stuart: you don't shut down an economy the size of china because of the flu epidemic that we have here or the flu problem that we have here, they are shut down, i'm just wonder if that shut down, and it is strong shutdown in china, does that give you more leverage with xi jinping in negotiating phase 2 of the china trade deal? >> we don't look at it that way, we don't look at it that way, again, we met with the president

yesterday on this topic, and he encouraged others to engage and assist and help china to deal with their pandemic, we have secretary azar has put together a list of cdc experts and would like very much to travel to china to offer assistance and work with the world health organization and the chinese authorities, we are waiting for them to sign up on that. stuart: i think we offered cdc expert 3 times in the past week and been rejected every time. any idea why china would reject our help? >> the way i've heard it is it's not so much rejection but they are vetting the list and pave the way to do it and i can't say

that definitively, stu, this is a severe health crisis in china, we are engaging with china as you know, relations have been proved and the president said probably best u.s.-china relations in decades, may be ever, the phase 1 trade deal is heart of that, this is an issue of helping them, if we can offering our assistance engaging with them and this is a humanitarian effort and there's nothing to do with economic and sometimes you just have to try to help when countries are in trouble on this. stuart: dropping tariffs as good will gesture and a way of helping china, any talk of that? >> again, stu, these are

separate matters, they have coronavirus, pandemic going on, extremely serious, okay, we want to help them, we have quite a lot of public health expertise in this country-that's a blessing and offering our help and assistance, this is completely separate from trade, completely separate. >> let's refer to gdp, annualized growth fourth quarter last year, you're happy with that, i think you want it better, i think the administration want to be more than in 3% range, can you handle 2%, 2.1? >> well, it beat expectations and, sure, i want more, i always do, but it's fundamentally healthy economy, we will put that out there with 3 and a half percent of unemployment rate and tremendous wage gain and if you look in gdp, under the hood,

there's odd things going on there, i suppose there always are, but one thing, inventory cost percentage point of gdp, i think, stu, that's function of gm strike which has come to an end; there's some suffering from the boeing problem which will unfortunately continue into one global growth slowdown, the president noted yesterday, you know, there was -- we understand that during the china trade negotiations there were uncertainties, we get that and we also think that china did its best during at least parts of the trade negotiations to stop our exports and other economic activity. they came at us, okay, this was, you know, a tough fight. good news is we settled it and

phase 1 as we move toward implementation, phase 1 even though it may have caused uncertainties before, it will pay off in major growth dividends later this year. stuart: 3%? >> usmca, those things are progrowth deals and will add over a percentage to gdp growth, we may not see it until the second half of the year but that's what we are looking for. stuart: you are confident that we will will have one or three quarters of 3% growth. >> i will go on a limb and say, yes, stuart, we are all worried, production is blowing, that's probably going to take a half point of gdp, that's not the only thing going on, i thought today, the low consumer spending number today i thought was very hooky and not consistent, we will see if there's a revision,

the best part of the thing, tremendous housing recovery going on, that contributed almost 6% and intellectual property and r&d in the investment side contributed also about 6%, those are very big pluses for this, so i think, look, as, you know, the trade, the tough trade negotiations now turn into implementation, i'm looking for much stronger exports to china and hopefully the rest of the world and i think we will see a big pickup in growth, we may not see in the winter quarter, stu, but i'm hopeful we will see it in the spring and later this year. stuart: bernie sanders says if elected president and he is leading in the iowa caucus, he's on a good start f he's elected president he would immediately renegotiate usmca, any comment? have at it, larry? >> do i have to? [laughter] >> i know senator sanders, i

respect his views, but i have strong disagreements with him across the board on virtually everything. i don't know why anybody would want to renegotiate historic trade deal with china which has never happened before in our history, okay, and it was stuff slogging and now we have it and moving into phase 2, it's going boost exports, intellectual property, financial services, currency stability, there's so many pluses in this thing and this is historic agreement the president negotiated with lighthizer and secretary mnuchin, i don't know why a sitting senator running for president saying we will rip the whole thing apart, what good does that do? in fact, while i'm on the subject of ripping it apart, many, i'm sorry to say this, but i say it with great respect nonetheless, i believe senator sanders essentially socialist policies will do greater damage to the american economy which is

in a boom right now and with middle-class wages rising, blue-collar wages rising, income distribution is narrowing, stock markets are roaring, household net wealth is soaring; i mean, i think all these socialist policies would do great damage to an economy which has been doing very well and brought prosperity to the united states for the first time in many decades, you look at the approval rating of the economy, about 60% and in short, senator sanders, my judgment is barking up wrong tree, president trump has said we will never have a radical socialist economy in the united states, period, full stop. stuart: you see you really did want to expound on bernie, i knew you did. [laughter] stuart: just let you go. larry, sir, thank you very much for joining us. >> appreciate it very much. stuart: john lansky, moody's analytics. larry kudlow just said we will

have a couple of quarters probably at the end of this year where we have 3% growth, he's very confident of that, what say you? >> well, i disagree, i think it's going to come in a little bit slower but that's not the important point, the important point that the labor market continues to improve, wages continue to grow, 3.5% unemployment rate stands in very good chance in 2.2% and that's 60-year low, 50, 60-year low for the statistic, the economy is doing well, it's in solid shape and my opinion is this, slow and steady will win this race, okay, this is what i'm looking for in the u.s. economy, i don't see any great danger other than the coronavirus that might bring about the next recession. stuart: larry kudlow would not address this because we don't know what impact it's going to

have, we don't know how long this thing will last for, it's hard to say, but i have to say there's going to be some negative impact on the united states economy because of what's going on with the virus, it's going to be. >> there has to be, international trade and travel, what not, we follow a price index, it's incredible, this index has plummeted over since the middle of january since this thing broke out and in the process it's now at slowest reading since june of 2017 that is prior to the outbreak of the trade war between china and the united states, so price index is telling me that the coronavirus is a greater threat to the global economy than was the u.s. china trade dispute. stuart: what about the federal reserve, do you think they might lower interest rates? i noticed the yield on the 10-yearry -- year treasury.

>> it's lower than that. overnight, one day-lending rate, 1.63%. believe me, if the 10-year treasury stays at 1.5 or something like that up until the next meeting, i think it's february, the fed will be compelled to go and cut rates, why not cut rates, you know what core pc price inflation did in the fourth quarter, 1.3% annualized, if my math is correct -- stuart: the fed may have to lower interest rates because other interest rates are way down. >> the fed will listen to treasury bond market, if the 10-year yield stays 1 and a half percent t fed will move, if they don't move in february they will move in march. stuart: would the fed move if the virus turns out to be a black swan event for the stock market? >> as soon as possible. there's no problem with inflation, inflation

expectations are contained and if anything, the coronavirus will probably strengthen the dollar exchange rate. stuart: fascinating, john, thank you, sir. >> my pleasure. stuart: what do we have, it's thursday; yes, it is, all day as my mother used to say. dan henninger on the show, new piece on the wall street journal is called a communist coronavirus. all about communism responsible, look, i will make it easier to spread the thing, is that your point, dan? >> well, i think responsible for why this sort of thing happens in china. stuart: communism is responsible for the virus? >> communism is responsible for the reaction to the virus and the way they have tried to suppressed information about it and, listen, this is a country that is just engulfed with awful public health whether it's the sars crisis, polluted rivers and air that's unbreathable and now we have the coronavirus, that's as a result of inefficient

country that when something like this happens as they are tried since 1949 when the communist party took control of china, those masks represent the metaphor for the chinese people, put it over your face, don't say anything. we only want positive news about this, the mayor of wuhan virtually apologized to the 17 million people in his town for having not informed them earlier, he said i was waiting for direction from beijing, that's a communist system trying to deal with an international global health crisis. stuart: isn't an authoritarian dictatorship, communist dictatorship in a better position to contain the virus because you can do what you like, can't you? >> you can do what you like and they are trying to do it but i think those scenes that we are seeing, look 3 city, huge cities being shut down as john

assessing, can you imagine stopping the transportation in boston, chicago for a week, that's their reaction to it, i think what we are seeing, the images out of china are the reason people have been protesting in the streets of hong kong for the better part of the year, the reason people of taiwan last month voted for candidate who was going to ensure independence from china, people don't want to live like that, stuart, they don't want to live in a country where things like sars and the coronavirus keep happening. stuart: huge problem for xi jinping, his deal is i run politics, you give me all the power, in return you get increasing prosperity, along comes the virus and the prosperity bit start to decline, you will get the blame. >> yes, but the blame that gets spread around and the people of china understand they can hold no one accountable for this, they are not allowed to hold

essential government accountable as you are in any free country, they are told to shut up, put your mask on, put your head down, we will take care of it. what they're suggesting is they don't want to live like that. stuart: it's a real problem. >> i think the hong kong protests have been a challenge to the legitimacy of the chinese regime and i think this adds to the problems, legitimacy that xi is battling with right now, a lot of internal about the degree of control he has tried to impose on the party and the country. stuart: i just asked larry kudlow if the virus in china would give america more leverage in negotiating phase 2 of the trade deal, he would not go there. he said completely separate, we are not combining the two at all. we have offered to help, we will do whatever we can to help but we will not exercise leverage in that sense, but leverage is there, isn't it? >> leverage was shown to be possible with the way president trump negotiated that trade deal

with china, what i suggest in the column is what he did lean in and not let up in the negotiation with china and make no mistake, the chinese government under xi is a course, pushed into south china sea, the road initiative and this is outward moving course, and i think the chinese communist party is capable of doing great damage to the world by intent or by accident and what this is showing us is it's time to -- i'm not suggesting military action, just pushback the way we did on trade. >> strong stuff, dan henninger, wall street journal guy. >> good to be with you. stuart: while we are on the subject, i do want look at carnival cruise lines. the

cruises on the shoreline of italian coast, 6,000 passengers are still on board, they are quarantine, how about that? that's carnival cruise, down a buck 31. big guests coming up very soon this program, pete rose is back and first time he will be commenting on it, don't miss it, please, he's on the show shortly, before we get to that we have to get to joe biden, yet he leads in the polls but his campaign gaffes have gotten scratch in the heads on this, lawrence jones joins us, but first, you better watch this. >> let's do push-up togethers, let's do whatever you want to do. here is the deal -- >> now you're doing that. why wasn't the apology enough,

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robinwithout the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. stuart: you see that, we are all about the dollar signs in this program, marijuana legalization all around the country including new york and new jersey, it's real big money for local businesses and jeff flock is going to tell us because are you at a dispensary in illinois. >> big money for the state, stuart, no, i'm at a growing facility, undisclosed location in chicago, this is a building here inside the walls of the building they are growing marijuana, trying to keep up with the tremendous demand and legalized and as you point out, stuart, we have a dozen states

now that have legal recreation use, dozen states in the district of colombia, another ten are considering it this year, yes, you yourself and your home of new jersey, i believe, may soon be able to purchase legal marijuana, don't know if you take them up on that or not but would be legal federally, perhaps not so but there you go, as you point out, the numbers have really jumped, you remember as some do not in 1969, back then slightly more than 1-10 favored the legalization of marijuana, now it is more like 66% in the last credible poll, it is big business for, big money for businesses but for the sate coffers as well, taxes 41% if you put them altogether, all of the taxes, it's a lot of money. stuart: it is, jeff, i hate to tell you but the summer of love was 1967, not '69.

jeff: was it '69 -- you wouldn't know. stuart: i was there. jeff: okay. stuart: that's the biggest growing facility i have ever seen in my life and i have not seen many. jeff flock, see you soon, i'm getting out of this one real fast, let me bring in joe biden, otherwise known as the gaffe machine, so for your viewing pleasure we here at varney put together a montage of his missteps ahead of iowa, roll it. >> we choose truth over facts. that's up for them to decide. >> why should they? >> that's for them to decide. >> make your case. >> i'm not going to. [laughter] >> let's do push-ups together. look, here is the deal -- >> now you're attacking, why are

you doing that? why wasn't his apology enough, mr. president? why -- >> why, why are you getting nervous, man? whomever i pick is two things, one is capable of being president because i'm an old guy. stuart: whoa, the gentleman on your screen, fox news contributor, joe biden is still leading in the polls, you know, not in iowa but the man leads nationally. >> yeah, that's what happens when you have a guy full of crazies, he's the most dependable person they think can beat donald trump even though the progressive side is more energetic, they have been coming up with policies that i disagree with, he's the guy that i feel is best fit to beat donald trump. i think he's going to get

squashed. stuart: so do we. >> they are not challenging him on hunter biden stuff, he's a gaffe machine, most times he doesn't know which state or city he's in, a lot of people like him, i think, that are in the crowd, but i think they don't like his policies, they think he's the best electable candidate. stuart: i think you have more sympathy for older people. >> i love them, they're my fan base. [laughter] >> i love them, you know, donald trump is an old guy as well, he's very energetic, he doesn't miss a step, so i don't think old age is a excuse for him. stuart: you're one step away from calling me an old good morning i know you are. [laughter] stuart: let's get serious. mike bloomberg he was in houston, texas -- >> my home state. stuart: repeated rather

controversial comment about his success, for your benefit and our viewers, roll tape, please. >> i'm running for office so that every student has the same opportunity, if i had been black i wouldn't have had the same opportunities and my life would have turned out very differently. stuart: if i had been black my life would have turned out differently, you say what? >> i'm living the american dream myself and i'm a young black male and things have gone well for me because the country gives me the opportunity, of course, there's disparities and i use those as hurdles, i jump over those hurdles, what i would encourage the mayor to do look at his policies, are you going to invest in the black community, are you going to be for school choice, are you going to be with the teacher's union, and so i would say that the mayor's policies and thing he plans oh on implementing when he's president have held my

community back and i hope he would change, strip guns, is that going to help? not black people but the country, the communities that are being affected the most by violence are people of color and they need a second amendment group within those communities to patrol it, to make sure, it can't just be -- people think only cops should have guns, not enough cops to protect the streets, not enough cops to do it. stuart: a vigilante system. >> it gives us the right, apparently not in new york city, now that i live here to protect ourselves from tyranny and violence as well, that's the constitution. stuart: you live in new york now? >> i live in new york sadly. they are taking all my money. no guns or anything. stuart: okay, i'm going to leave it right there. >> i do miss texas. stuart: i bet you do.

this is the moment we've been waiting for, yes, it is, we will talk to pete rose, he's on the show, we are talking the sign-stealing scandal, gambling, we are talking about it all, which is worse sign stealing or gambling on a game? my interview with pete rose next. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet...

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that's the number on your screen. or go to the website on your screen. the buck's got your back. stuart: ladies and gentlemen, look who is here, pete rose baseball legend, pete, what's a baseball guy like you hanging around with people like me in super bowl week? >> well, i'm here to challenge joe biden on the push-up situation. [laughter] >> listen, stu, i'm in the town, only town in the world that would have more super bowl parties than they're having in miami and, of course, that's las vegas. stuart: hold on, pete, i have to set up my next question which is very important, i want to set it up for my viewers and for you, look the sign-stealing scandals, new york mets signing coach, red

sox fired cora, but baseball fans think they've uncovered a new development here, sports talk has picked up on social media reports of the astros using a buzzard to relay signs underneath their jerseys, drawing attention to this video of josé game-winning home run that sent houston to the world series this year, this is obviously a big scandal, this isn't the first time commenting, pete, should the players be punished? >> well, they are the ones benefiting from stealing the signs, stu, how is the commission going to do that? i feel sorry for the commissioner in this situation because what happens if you have 75 players that are stealing signs, you can't take 75 players and suspend them for a year because you're going ruin how many teams? i mean, i don't know what the

commissioner can do but i'm sure when they get to spring training a lot more will come out because they'll be players point the finger at this guy, he's mad because the team traded him and this guy took his place, you know how that goes, we haven't heard the last of this, the thing that's put on the back burner right now, stu, as you know is cob -- kobe bryant, who by the way he was a great guy, i met him several times. stuart: pete, i have to ask the albuquerque here, what is worse, sign stealing or gambling on the game, which is worse? >> steroids. [laughter] stuart: throw that in as well. which is worse sign stealing or gambling? >> i would think that they're all 3 bad, stu, okay, but i think gambling would be third on that list unless you're talking about gambling against your team.

if you're talking about gambling on your team which is what i did, i tried to win every game the best way i could, okay, but the 3 bad, stealing signs what you try to do is hit the pitcher off and you the guy has changeup and you know the changeup is coming you will never be off stride and if you're a guess hitters, there's a lot of guess hitters in baseball, what that means, if stuart varney has a fast ball, curve ball and change ball, if you throw a fast ball i can't hit it, but what sign-stealing does it makes iters right every time they guess because they know what's coming. believe me, you could be a 20 hitter -- 200 hitter to a 300 hitter if you know what's coming. listen, stu, you would probably

be, if you knew what was coming you would be a 240 hitter. stuart: i don't think so. a complement which i cannot take. [laughter] >> today i would be a 220 hitter. stuart: why? >> because i'm 70 year's old. stuart: you're gambling on your wait? paid a lot of money to lose wait? >> what you do make a bet with our company and you get on the scale and got on a scale and i weighed 240, i got 6 months to lose 10% and few i -- if i lose 10%, i win the bet. it's kind of fun, you have to be dedicated and you have to know what you're doing, you to change your diet, but losing weight is always fun. stuart: you're doing it. i know you are. who do you have for the super bowl? >> i like kansas city. don't ask me why, don't ask me

why. stuart: i don't think i'd understand if you'd told me anyway, pete, we always appreciate you being on the show, thanks very much. >> who do you like for the super bowl? >> the chiefs, of course. [laughter] >> you're the best, stu. stuart: pete rose you're all right, more varney after this, everyone. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination.

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stuart: coming up 2:00 p.m. eastern, jim jordan, with charles payne. that is fox business at 2:00 p.m. let's wrap up the day. larry kudlow, chief economics guy from the white house, he expects two quarters at end of the-year we will get 3% growth. when he said that the market started to come back.

we were down 200. then we were down 150 and right now we're down 70 points. we heard about the economy. in the fourth quarter of last year our economy expanded at an annual rate of 2.1%. not bad. not great. steady as she goes. the main story of today is the virus. what is the latest. susan: 8200 cases now surpassing sars. the death toll increased by one, 171. increasing close to 30 in one single day. this is a concern over the chinese economy. stuart: the biggest, themost dramatic story i think is that cruise ship. a carnal cruise line cruise ship off the coast of italy. two people on board or one of them had flu-like symptoms. took them off, leaving 6,000 people on the ship. they're now in quarantine. that is drama for you. all of that is happening. plus the market has been, there is the cruise ship. that is off the italian coast. the market is all over the place. we started down.

we went down 200 at one point. we're coming all the way back. now we're down at 81 points. all about the virus. keep tuned to what is happening with the virus, how it is spreading and growing. that is a key to the market. my time's up. neil cavuto. it is yours. neil: quite right about that the virus is dictating everything. stuart, thank you very, very much. the president departing for rallies in both michigan and iowa today. he will be touting the trade deal we have the canadians and mexicans talking up the economy. the dow is down 85 points on virus fearses but wilbur ross was telling maria bartiromo earlier a lot of that might be overblown. >> it could be 579,000 jobs, almost 600,000 jobs and 235 billion added to our gross domestic product. so it is a very big initial lift. it is one of