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 the many reasons i think it is almost physically

impossible for there to be a recession this year. neil: sorry didn't frame that properly. what he was talking about the more things look kind of desperate over there, the more jobs activity could be moving over here. a bit of a crass look at the virus but it is wilbur ross. hillary vaughn with the latest right now from des moines, iowa. hillary what can you tell us? reporter: hey, neil. president trump is doing a victory lap heading into the iowa caucuses with two new trade deals, usmca and deal with china. democrat bernie sanders says he wants to undo the usmca immediately if he were elected president, saying yesterday, quote, as the only leading presidential candidate to oppose trump's nafta 2.0, i am pledging today, upon being sworn in as president i will immediately begin renegotiating this

disasterous deal. president trump is showing up tonight, neil. we talked to a lot of iowa caucus-goers in line, and they are telling us trade is a big voting issue here in iowa but they still support what the president has been doing. >> the deal we're getting now will be better. farmers will benefit from them in the long run. that is what we're looking for. even the deal with china, we came out ahead on this deal, or even. turns out better than what we were. instead of giving away, we're actually sharing it now. >> helps farmers too. anything he can do to help us i'm there. >> it has been impacting but i'm glad they're going through. we have to have patience with him and he will get us there. reporter: neil, we actually found a michigan voter here in iowa waiting in line for the president. the usmca has been a big deal to that state. he is from detroit. he says he is not happy with what bernie sanders is promising to immediately undo that if he

were president. neil? neil: thank you very, very much, hillary. meantime our special coverage of iowa caucuses kicks off tomorrow. we'll be in des moines, starting at noon on this very show, "cavuto: coast to coast." 4:00 p.m. on "your world." 10 a.m. on saturday. any breaking developments there, on impeachment front, virus front, we got you covered, from the snowy landscape we call iowa. great food but i digress. meantime is touting how he is working on china and coronavirus and how the backdrop is a strong economy and something labor secretary eugene scalia was telling me yesterday is going to resist all these pressures abroad. take a look. most seem to be thinking at the very least they're headed for a big slowdown pause of this. shoppers there have stopped shopping. people have stopped traveling. and that they could fall into, slowdown, a recession, maybe

worse. then there is a worldwide economic pinch. what do you think? >> look, this is a health crisis in china has to be addressed but our economic prospects in this country right now have never been better. neil: there is a theme coming out of the administration. a consistent one, heard it from wilbur ross today. heard it certainly from the labor secretary yesterday, that whatever travails that china is going through, it will be to our economic betterment. "wall street journal" editorial board member bill mcgurn. gibbs wealth management management president erin gibbs. welcome to both of you. good to have you. erin, begin with you, end with you, the markets on this notion used to be they climbed or dropped based on whatever news we hear about news in china but now the virus in china. >> it is certainly scary. though it has been pretty contained the stocks that either have a lot of exposure to china revenues or are definitely travel, hospitality.

companies have to close a few points, like disney closing parks. if you look reaction how many stocks are hit it, has been somewhat of an overreaction because these stocks are priced pretty high. neil: right. >> longer term what we're seeing a much bigger reaction to emerging markets and chinese stocks. which means if investors find the emerging markets and chinese stocks are too risky, they might actually eventually put money into the u.s. which is definitely safer. so this could actually, as we've been saying, could potentially be beneficial not only for the u.s. economy, but even potentially for our stock market if we emerge marriages remain risky. neil: you could flip it around, bill, too, say could this affect china's ability to make good on promises to buy more goods from us. what do you think? >> i think that is true. i think it is a mistake for the administration to argue we do well when our trading partners to do badly. trade is not based on that.

trade is -- neil: certainly doesn't look good, to say this with -- >> i don't think it is a good policy you may get a bump in the short term for this overall but overall we want we want china to abide by agreements, be a good trading partner and not cheat on things. what this virus highlights, i lived in hong kong for 10 years, this is so common with china, they are very inefficient. when they have a problem, you can't trust the government. not necessarily because they're lying but they're not geared, their system is not set up to get freely information flowing -- neil: do you think they're hiding stuff? that is a point made by a number of people. >> i don't know whether they're doing it deliberately but their system is not geared to getting people to come out to speak forthrightly on it. that is why there are panics. they have problems. if you have been to a chinese market with a way a lot of animals are kept, they have a lot of problems of animal to human transfer of diseases and

people don't yet have the confidence that china is equipped to deal with them. i think they're trying to deal with it. look in this world for the reason you say, they don't want people to panic and pull out of china. neil: understood. >> but it is a bad system for handling that kind of thing. neil: erin, to his point, peter navarro had said that the u.s. plans to keep tariffs on china even if this outbreak gets worse and starts pinching their growth. leaving aside whether that is just a good policy or seems a little tacky in the middle of all of this, it does continue a theme that this won't change our posture one bit. >> certainly to the extent that we're looking at now, i think we really have to see a massive slowdown, really something, really significant in asia for the u.s. to change their policy. neil: what if china dips into recession in a quarter? we have to rely on numbers to bill's point, that sometimes are not always reliable. >> exactly.

neil: what do you think that would have spill over effect. >> i think it has to be more than one quarter. i don't think the u.s. will react just to one quarter. if anything we'll probably be a little gloaty if it is one quarter. americans will be concerned to have a full understanding this could have a global impact. that they are a trading partner, not our enemy. neil: bill, to your point, having been in hong kong, obviously know the region very well, when almost 60 million people are quarantined, i don't think in human history we've seen anything like that. i would have to go back to the atrucans to do my research. what do you make of that, and that alone points to something much more see rear maybe we know or appreciate? >> i think again they're trying to deal with it. they're now exposed to the global economy. so people can make -- you know people don't always make fully rational decisions, looking, to react instantly, i don't want to do this, why incur these risks?

we have to get china up to speed as a partner in global health system and knowing how to react. it is just, communist systems don't develop people that take the initiative and are out front in what they're doing. that's, that's a big problem. because when you have kind of a disease people don't understand all the question marks. neil: right. >> then you get what looks like in inineffect you'll or incomplete information. when i first went to china in the early '80s, when it opened up, it was primitive to get around, to fly somewhere. now you can fly all over the world not just beijing, shanghai, amazing how fast things spread because of air travel, all sorts of things. neil: are you worried, say the chinese stop shopping, that the consumer there rattled and

nervous and entrenched and that is something to watch. >> we've already seen that. became are staying home. wuhan is basically a dead city. nobody is on the street. i think it will be really how does it play out after six months? i think the good side or the upside, that the death rate by their estimates again, we're not -- about one in 1000. it is a virus makes very sick -- neil: nothing approaching what sars was. >> not one in 100. not a high death rate. everybody gets sick. they all slow down. we're not talking about a massive death toll. hopefully this is something can be recovered within a few months and we stop the spread of this but, certainly if any kind of slowdown, you're going to see a trickle effect on other economies. but i think, given the lack of the high death rate that this is something that can be overcome. neil: all right. we'll watch it closely. guys, thank you very much. by the way novartis, one of large companies, closest to have

potential vaccine, looking at a potential screening says that one, plight be a year off or more for that. keep in mind we waited close to a year in the case of sars. we're awaiting update from world health organization. that is coming up in the next hour. will the world health organization declare a global emergency? that could set in play a host of other veriments you might or might not want to see. director of prevention control at mount sinai joins us now. doctor, good to have you. >> pleasure is all mine. neil: what would happen, doctor, if the w.h.o. says all right, this is a global crisis, they wouldn't call it crisis but it is a global event? in other words they have upgraded the severity, what then? what would that mean? >> i believe it is going to help some smaller countries get resources that they might need. i think important thing about all of this is recognition and smaller countries might be able

to recognize it better. four countries like us, we are ready and prepared for things like coronavirus. neil: do you worry, doctor, about people who make a situation potentially worse or make it more of a crisis when they, they stay home or try those in quarantine cities try to sneak out? in other words that they can take a bad thing and make it much worse and complicating those who are trying to get this thing under control? >> so there is a lot of disinformation and people are trying to spread information that might not be correct or true and you're absolutely right, it is important to go to scourses that are more reliable. cdc has update already available. w.h.o. has information out there. there is a lot of information for the public that is available and i think people should rely on better resources than just twitter, for example. neil: i will defer to your medical expertise, doctor, but

on that alone, because i don't remember this with sars but maybe it happened and i don't recall where so many were quarantined in so many cities, now approaching 60 million as i said, that that maybe hints of something a lot bicker than we're being told or maybe out of abundance of caution, china is reserving the right to take these kind of measures now to be on the safeside. what do you think? >> i think i agree with your second statement. it might be out of abundance of caution, because, what we have seen we've seen in the u.s. is slightly different. we have seen five cases so far. other cases are under investigation but we haven't really seen or we haven't been told about any secondary aspects. these people have gone to hospitals, and health care centers, different place, five people in the u.s. we're giving an example of and it has been well-controlled. i think the strategy in the u.s. is working. i think the spread in china might have occurred more

dramatically than they have expected and hence they're doing quarantine at the level they are doing. neil: all right, doctor, thank you very much. i appreciate it, sir. >> thank you. neil: a quick look at the corner of wall and broad, the dow back up over 117 point loss right now. those issues directly affected by that are feeling pinch of that, some bucking the trend. of course microsoft with better-than-expected earnings news. mcdonald's, also with better than expected same-store sales and foreign sales news. then there is tesla, right? it is on a tear right now. what is behind the company's record run? because it is not stopping at all. after this. ♪.

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♪ [cheering] neil: that was just a couple weeks ago. now i suspect he is doing the charleston. another reason elon musk is dancing not looking back. tesla shares are posting much stronger than expected fourth quarter results on stronger car deliveries. we have market watchers, gary b. smith let me get you to earnings saving the day. his are particularly strong or at least beating all sorts of consensus estimates but we've seen it out of mcdonald's. we've seen the companies that have reported, seven out of 10 handily beaten. most have given pretty good

guidance, what do you think of all of that? >> well, look, 'tis the season if you will, first of all, companies have just become smarter and smarter seemingly every quarter managing expectations. i think the pop on tesla for so long they didn't learn how to make money. they seem to do that and are on the right trajectory. is the stock price overvalued? boy, in short, wildly in my opinion. neil: when you look at a company like that, brian, there are always those that stand out from the field. all of a sudden you scratch your head, why does this relative newcomer have a market cap that exceeds the giants in the business? >> right. neil: i'm wonder about that. might be perfectly justified cars of future. demand is growing. i get that. does it seem out of whack with reality if what do you think?

>> you know, there is always, especially in the last 20 or 30 years, we've seen, we've seen companies come along just displace the old way of doing things. you know, the jury is still out. it always is out. but you know, if we ignore tesla, for just a second and look at the big tech companies, they're growing like crazy and one of the reasons that they're growing and they're so huge and have such huge market caps is that they're improving the productivity of the world every day. other companies are using that technology to increase margins, i think a lot of analysts keep thinking margins will come back down and they're not. the cost of technology keeps falling. and as a result companies invest less actual dollars to boost

their profits even more. that is why margins are high, going to stay high and why estimates are coming in seven out of 10 better than the consensus. neil: that's interesting. let me switch gears if i can, on amazon. reports after the bell. a lot of people watch apples as they did a couple of days ago and obviously facebook as they did yesterday. they go different directions but we see them as market leaders and they led the rally continue to lead the rally. facebook notwithstanding. i wonder from your vantage point, gary, what do you look for when amazon reports? costs are high. pours a lot into the infrastructure to get it even stronger but they have been facing a lot of headwinds, to say nothing of political headwinds, what do you think? >> i think the thing you keep an eye on actually a good thing, are the costs. look, to brian's point, in the past, a lot of these technology companies high valuation.

amazon is disruptter. only one that can possibly replicate amazon is walmart. they need two things. they need online ordering aspect. and they need the distribution centers. i get back to my point on the cost. amazon ctinues to build the moat. they want to get with their own transportation. they probably want to get packages to you the day you order. no one else can replicate that. that is why cost is important for them. that's why i don't worry. the difference between that and tesla is, tesla in my mind is just another car company. they have an electric car. it is jazzy, all that, but so do a lot of other car companies. i don't see them as a disrupter. neil: what do you look for in the amazon numbers when they come out after the bell, brian? >> yeah. you know what? i have to be really careful, neil, and not talk about individual companies. neil: that's fine. >> you about really -- neil: what if i continue to

embarass you i will but go ahead. >> what i have to, we have so many different etfs and funds and i don't even know what we're invested in. i'm not allowed to talk about those individual companies but what i look at, is the fact that these companies have become massive and huge. and so i encourage investors, i know that if if you haven't been in these really big amazon, microsoft companies, that you haven't kept up with the people that are invested. if you're evenly distributed but eventually the risks, higher prices go for these, the risks of owning a huge chunk of them, market cap weighted chunk, if you look at these big companies, they make up 12 to 15% of the s&p. and i'm just a little worried that people are overexposed, even though these companies are doing really, really well. neil: they are disproportionately accounting

for the market rally we have seen. we'll see what happens, gentlemen. thank you both as always. thank you very much. dow down about 104 points. interest rates are low. mortgage rates at three-year lows. so that could be tonic for the markets going forward. safety lapse. a lot of concerns over southwest and more to the point what it didn't say about the safety of its planes. more after this. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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neil: one thing about a virus concern across the world here is what it does and where money goes when it gets a little rattled and nervous. generally into bonds, that sort of thing. that is one of the things you're seeing bring yield on 10-year treasury note, not much north of 1 1/2%, right? that is, now technically, a lower yield than you can get supporting your money for three months because a three month treasury bill is trading a little higher than that i was

talking to charlie brady our stocks editor here. the guy's a genius. he is not leaping to any significance with this, could be, probably is, very much is a knee-jerk reaction to what is happening with this virus. if it were to last a little longer, perhaps to the degree we saw last year, that might change things. we briefly touched that, not only about a week ago, i think two weeks prior to that, but back in october, when the phenomenon was going on for a couple of weeks a good couple weeks. but again, there are different points of view on this we're only pointing that out, you hear the talk about inverted yield curves, everyone panics, we tend to look at the duration that lasts rather than the moment it happens. we'll keep an eye on that. meantime more problems for airlines. southwest reportedly flu millions of jets without confirmed maintenance records. grady trimble with more in chicago. hey, grady. reporter: neil, southwest flu more than 17 million passengers on those planes with unconfirmed

maintenance records. this according to an audit report reviewed by "the wall street journal" the journal says the department of transportation report found over two years faa managers allowed the airline to fly planes with what they called unresolved safety concerns. in one incident outlined in the report, the pilot repeatedly tried to land a plane in gale-force winds. that caused the wingtips of the plane to smash into the runway. one flight attendant reportedly told a southwest employee that they after the plane safely landed, they needed to clean the vomit covered cabin after so many passengers got sick. they called southwest lax and inconsistent. nee letter 2/3 of the 44 employees raised concerns about the culture at southwest airlines. southwest today is pushing back. we communicated our disappointment with the audit

report to the inspecttor general and will communicate any concerns directly with its office. they said our friend and family board our aircraft and not a single one of us would put anything above their safety. this mission unites us all. southwest is impacted by the coronavirus just like all airlines but this report not good news for the airline. neil: thank you my friend on that. senators prepare for a final vote on witnesses in the impeachment trial. republicans see if they can avoid that. not all republicans avoid that. at least three are open to witnesses. they need four. how close are they. after this.

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neil: all right. ups stock down despite delivering strong results. see what we did there? so, basic cable. kristina partsinevelos at new york stock exchange with more. kristina. >> nice pun, neil. earnings fell in line with expectations. a lot had to do with stronger demand over the holiday season especially with their biggest customer. that would be amazon. it is 12%. so it is a big chunk of ups's business. i asked the ceo specifically. that they have a mutual relationship but they are focusing on small to medium-sized businesses. that means ramping up domestic

business. shares are down 5% a lot has to do with a few factors. guidance is weaker heading into the new year. the company took a $1.8 billion hit related to pension, the pension plan. and then i asked specifically the ceo too, about all these recent investments. this is the ceo david abney. he explained why they're investing more in labor. listen in. >> we're taking a big investment in this year with opx to speed up our u.s. network. 80% of the population will see an increase in ups's speed over the next year or so. reporter: that means ups will deliver seven days a week. everybody expects delivery. on the seen, another investment for the company. they're investing in drone delivery. still not around the corner when it comes to delivering packages by drone at your door just yet. the company will increase their electric vehicle suite. also seeing that on your screen. the company too, has made made a

partnership with waymo. they plan to expand. listen in. >> waymo is an example for us to look can we use autonomous vehicle, in this case, we're going to start to shuttle packages from the ups stores to the ups hubs. yes, in arizona. we'll see how that case goes. if it is effective we'll expand that. reporter: this all comes at a cost in the near term including infrastructure. i asked him about infrastructure. they said they accounted for this in the near future but these costs mean they will have long-term gains in their opinion. shares are down today. investors are not overly happy with the results. you're seeing those down about 5%. neil? neil: kristina, thank you very, very much. meantime the impeachment trial still goes on today and now the latest push is on this witness thing. now republicans are pushing to block witnesses, not all of them but that does seem to be a theme. democrats just the opposite. former homeland security

department deputy assistant secretary for public affairs. lauren, good to have you, where do you think ultimately will go, witnesses or no? >> i think no witnesses. mcconnell was indicating yesterday that he didn't think that he had enough votes to block witnesses, because there were four senators that could have voted with democrats to allow witnesses. john bolton witnesses. and so, there was a moment there where we thought this might happen. but now there is only indication is that he has the votes. he does not think that anyone will be breaking away. mitt romney and susan collins will probably still vote to allow witnesses but murkowski and lamar alexander seemed to fade into the background and will probably not vote. even if there is a wild card senator, republican senator votes with democrats, you're still ending up with only 50 republicans, 50/50 split. there is no tiebreaker vote in this situation, so it fails. it doesn't look we would have

any witnesses being called. we would move to acquittal very quickly here. neil: if we don't get witnesses, you know the line from a lot of democrats, there is something wrong here, that the republicans rallied around to protect, shield the president. you can play this out, get reactions here. how do you think it all falls out? >> i think that is the move. democrats never fully thought they would bring additional witnesses into this trial. the house really should have been the ones to bring forward john bolton and mick mulvaney and pushed that through the courts to require them to testify in their initial investigation. it was always a play to make republicans look corrupt. that this was unfair trial and they didn't look at all the evidence and they were covering up for trump. this way they have got certain votes that they can make campaign ads out of. schumer stacked the cards at the beginning to make sure amendment after amendment that put vulnerable republicans on the

record for bringing additional information n that is all they want wanted. they want to cut campaign ads. that the republicans were not looking out for best interests of americans when in fact the house didn't do their job and republicans voting forward to move on a trial based on evidence they had. neil: do you find when late developments happen or new revelations, sometimes even if you don't have witnesses you should slow down, weigh that information, see where you go with it or not? >> i think so. i do think there is a degree to which when "the new york times" story came out, that john bolton may have something to say on this, i think that caused senators to pause, wait, should we pull john bolton in for testimony? should we look at this more closely. i think that is why you saw mcconnell waiver a bit. there was a little bit after slowdown yesterday, to see if they wanted to bring forward witnesses but ultimately

senators decided and mcconnell decided it wasn't needed. neil: lauren, thank you very, very much. we'll watch it very closely. meantime with the dow down 199 points again. it is skiddishness over news, minute by minute out of china, how bad it is, how bad it could be. companies are pulling back from the region or at least telling those who work in the region to avoid the region. sometimes it can be as little as that before they just continue selling first and continue asking questions later. first time we've seen that in four years. there is something behind this that is very encouraging besides the fact that it is rising after this. ♪ ♪

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neil: wondering why we went from the dow 110.

cdc first confirming percent person to person virus has been reported. it has killed 171 people in china, and 195 u.s. citizens are in isolation as they're examining this. the transmission in this particular case means that the u.s. is at least the fifth country where this sort of thing has happened where it is spreading through human-to-human contact. again there is a lot we're following, all of this ahead of the world health organization and whether in the next 15 minutes or so it is going to declare a global health emergency on this. they have done everything but get to that point, so they don't want to you know, scare the you know what out of everyone across the globe here but this might push them in that direction. a little too soon to tell. let's get the read from deirdre bolton. it does show that this is, you know, kind of morphing into something else, right?

reporter: it does indeed. one thing that is concerning experts and citizens alike the speed which this is happening. when we talk about sars 2003 to 2003 there was a nine-month time frame where you actually had fewer cases than we've already seen in the past three to four weeks with the coronavirus. so i think that in itself is upsetting to a lot of people. neil: sure. >> okay, this is spreading. a lot of cities, particularly in china, are more dense even than they were in 2003, to your point, neil, we're feeling effect. there are numerous asian countries that had person-to-person transmission before we did. thailand, hong kong, japan, south cry. we're not alone in this. the other thing that came through a doctor, i want to be clear, quoted in "the sun" newspaper, the doctor from the

w.h.o. said that the virus can live for limited period of time on surfaces. that is something that came out today. as investors began to digest that, that is moment where we saw the dow lose another 60 points on that news. i have to be clear i don't know if that is a one-to-one causation. it is certainly concerning to more people. yesterday we had the plane of american evacuees, mostly diplomats, government workers, they were supposed to land at a civilian airplane hangar, 35 miles outside of los angeles. authorities said, you know what? have them at a military airbase instead. we'll watch them and keep them isolated. i do think the authorities at least in the united states are a lot more cautious and doing their best certainly to contain -- neil: certainly not taking any chances to your point. even this carnival cruise ship in italy. reporter: yeah. neil: one possible passenger on the ship might have had the virus. out of abundance of caution they're keeping everyone on that ship and they're not going

anywhere. reporter: that particular couple if i understand correctly came from hong kong. they have been actually quarantined on the ship. neil: yeah. that is exactly right. we should point out. we've got that. sometimes all of this is well-warranted. out of abundance of caution as deirdre and i were saying make sure you're on top of this, don't risk anything but the human-to-human contact, air travel nature of this, you don't have to come from the region, this was first reported with a 33-year-old male in bavaria, germany, never been to the region, worked with a colleague from china who had, and he got the virus. that is the kind of thing that worries these guys. it exponentially widens potential out. as soon as anyone that trades stocks heard that. they were selling off. that is what they're doing now. cooler heads might prevail. usually in the past they have, and they do, just not right now. morewo after this.

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neil: didn't hear it from me apparently there is a very big football game this weekend. tickets are nearing $7,000 on the resale market. cheryl casone is miami where she spoke to former super bowl champ joe theismann. cheryl, what have you got? reporter: good afternoon, neil, from beautiful sunny miami. not going to lie. it is a pretty great day here in south beach. joe theismann came by to the fox camera. he is a good friend of our network. i first had to ask joe, how do you feel about these amazing markets. here is what he said. >> some of my funds were up 30% if 2019. i don't expect it to pull back much. i still think people out there are feeling, like, gee whiz, i'm not sure i want to get in simply because the market had such a

great run. the other school of thought says, we can keep on going. reporter: markets maybe are going to keep on going this year. then we had to talk a little football. i asked joe how he was feeling about sunday's matchup between the niners and the chiefs? >> i love the matchup. i think you have a great wednesday in san francisco against a wild, wide open high-powered offense of kansas city. i love watching patrick play. jimmy is not getting a lot of credit for the job he has done as quarterback. i like kansas city. if they were able to contain like they did with derek henry, contain the running game of san francisco, it will be kansas city's defense we'll talk about the at end of super bowl liv. reporter: we'll see how super bowl v 4 turns out. you can see it on fox. sunday night, sixoff at 6:30 p.m. eastern time. i know you will tune in. you mentioned $7,000, neal.

there are tickets $40,000. i stole your credit card before i left new york. incredible. neil: i will watch you from the snows of iowa. rub it in, thank you very much, kiddo. nfl reviewing benefits of cdb to treat pain as major league baseball loosens some of the restrictions. it is not quite that black and white. good to have you. what do you make of the whole fuss to sort of look at this again and reassess it? >> it is football week and everyone is now talking about the role potentially of this ingredient, the plant hemp to protect the brain. we happen to have a nfl neurosurgeon on our board of directors who is my personal mentor if you will and his name is dr. maroon, dr. joseph maroon. we've been hearing emerging research is suggesting there could be benefit for pain and anxiety. neil: extended to all sorts of sports as well. >> that's correct.

let's be cautious right now. this is still emerging science. you need responsible companies like cv sciences not to overhype the potential benefits. the fda right now is concerned because there are poor quality products have been flooding their way into the market. so that is one of the reasons why i wanted to come to you to talk to you a little bit because it is an exciting new area of neuroprotection potentially but we're still in early phases. neil: how do you police that? isn't that the big worry? the more the stuff is used, the states permit more this is a risk. >> the farm bill passed last year liberated the plant. it is no longer a controlled substance. there is a bipartisan bill, it still needs to pass, they get it, will allow cbd will be a legal dietary supplement. that way responsible companies like cv sciences, quality-minded and science-minded stand to fare very well in that environment. neil: what does it do, stuart?

for those with who had concussions, threat of concussions, treated afterwards in the career, dealt with that, what does it do? >> talk to your doctor before taking any dietary supplement or any ingredient. cbd is an ingredient in hemp that gained tremendous popularity. the emerging science says there may be benefit for pain and anxiety. consumers of with cbd oil, satisfied. comfortable in their skin. they report they feel better. neil: can you get hooked on it though? does it have any other tendencies people enjoy the effect it has, take more of it? >> according to the national institutes of health and they have looked very closely at this, neil, it is non-addictive and non-habit forming. why fda approved it for rare forms of epilepsy in children. cbd is different than thc and that is part of the confusion. hemp, cbd. marijuana, thc. neil: won't some people lump it all together? this is, a green light to go

heavy hemp? >> right. that is why we're here. that is why we came on the show. neil: you want to clarify that. >> we want to clarify that. neil: do you think it has gone overboard by the way? >> i think it has. i think it has. we want fair and balanced regulations. the fda right now have been on the sidelines. many large companies are waiting for the fda to act. there is a bipartisan bill that's up right now that will finally push the fda to allow this as a legal dietary ingredient. neil: for cbd it, doesn't reverse effect of concussions you had. is it just a feel good thing or is it more to it that we're missing. >> we have a system in our body that cbd communicates to every single cell in your did i to deal with stress more appropriately. we're in the emerging science. we'll be conservative until we see more data. but it looks hopeful. neil: now i understand it, you

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neil: all right. welcome to our second hour. the president is about to depart for michigan. he's going to ultimately be in iowa. this hour, we are waiting to hear from the world health organization deciding whether to declare the coronavirus a global emergency. it has really just moved one step short of that. it has put out a lot of amples warnings that as an organization, if it had its d t druthers, it wouldn't recommend traveling to asia. whether it puts a stamp on that or not, we will keep you posted. first to ed lawrence on the

latest race to contain this thing. reporter: yeah, contain it, it is spreading, the coronavirus. the cdc announcing the first person-to-person transfer in the united states. that happened in chicago. that means there are six cases now in the united states confirmed of the coronavirus. the world health organization is saying there are now 7800 cases worldwide. we have had the first one in finland, india and the philippines. this has now passed sars in the number of cases in china. again, 7800 worldwide, 170 deaths are related to this in china. now, the head of the cdc and national institutes of health briefed house lawmakers in a closed door hearing. out of that briefing, lawmakers say the cdc is prepared. >> as soon as they get in there, they'll be able to analyze the situation but more importantly, the development of the vaccine will be a shorter period of time. we can't depend on that. this is old-fashioned public health. >> no one in the u.s. has yet

gotten this coronavirus unless they were personally in china. reporter: and all the lawmakers that i talked with say there is enough funding in the united states to deal with this. they learned from the past. the white house trying to alleviate fears here. the government using the lessons they learned from the sars outbreak in china to identify cases early in the u.s. >> the risk to americans remains very low. obviously we have a task force. yesterday secretary azar was the lead and the president is going to do everything he can to make sure the american people remain safe. they are now. reporter: as the coronavirus now is spreading again to more countries, we have 18 countries around the globe. we are going to hear from the w.h.o., the world health organization, in about an hour and a half now. they are waiting a little bit longer, possibly with new information they have coming in from the cdc and other sources. we are going to hear that briefing at 2:30 eastern time now.

so a little bit later to find out if this is actually a global health crisis. neil: thank you very much. you might have noticed in that piece that congresswoman was talking about the fact so far none of the u.s. cases involve anyone who had not first been visiting or come back from china or that region. that apparently is no longer the case. the u.s. cdc says the first case of person-to-person transmission of the coronavirus in the u.s. involved someone whose spouse had traveled to china. so that changed the dynamics a little bit. we have seen cases of that in germany, in australia, but up to now, no reports of that in the united states. again, until now. meanwhile, concerns over the virus certainly dragging and weighing on the markets. this has sort of gotten to be the new thing on which traders pounce. before it used to be the prospects of a china trade deal. now the prospects of whether they can get this virus under control. china is plate at play in both . to john bussey, dannette

steckman and greg ballier. greg, first to you. concerns that the chinese might be overwhelmed by this. what do you think? >> i think they weren't quite ready for it but we have to put everything in perspective. this basically has killed people who had compromised immune systems in the first place. i would say, though, the big change in my opinion is that the federal reserve may now be back in the picture. i think a fed rate cut by mid to late spring is no longer out of the question. neil: john, what do you think of that? >> well, i'm not sure about the rate cut. i'm thinking about the impact of sars and whether or not they've got this in hand. depending upon whether or not they do get it in hand, then we turn to what the fed is going to try to do to lift the economy, if it begins to slow down too quickly. look, you know, there may be more cases now than there were in sars. i was running operations in asia during sars, those months.

it's nowhere near as fatal as sars. sars was about a 10% fatality rate. so even though you've got this very large number of cases, and it's not to be diminished, it's a serious disease, it's nowhere near as fatal and as your other guest was pointing out, it's mostly immune-compromised folks who are severely affected. that said, the chinese, in answer to your question, do not have this in hand. they never have. it's the problem with a centralized government and secrecy and trying to tamp down concern at the beginning, building hospitals now kind of after the fact, you're looking at 7700 cases right now. figure just one human transmission for each of those to somebody else and the number goes up and it's probably going to get into europe and the u.s. in a more extensive way as well, but it is not -- it simply isn't as serious a disease as sars. whether or not it continues to affect markets, i think we are probably already seeing that. businesses contracting in its

operations in china, u.s. companies are not traveling there, they're not building out infrastructure during this period. so of course it's going to have some effect. question is how much. neil: we don't know on that. and one of the things i don't remember, i will defer to john on this, what happened in the case of sars, i don't remember upwards of 60 million individuals being quarantined in half a dozen plus cities in china. maybe that's out of abundance of caution and they learned something, you don't want a population to wander or travel in the middle of all this. but it does raise concerns that this could get worse and if it does get worse, are we appreciating that, even the markets, even with the volatility lately, are they appreciating it? >> so i do agree this is less fatal. i don't think that it's by no means is it time for the whole world to panic about this pandemic. but you bring up a really good point which is you can't trust the chinese. if you can't trust the chinese system, to the extent this is, you know, something to worry about for the larger globe and

for economic markets, it's because we don't necessarily have a good handle on what's going on in china and the government can't be relied upon to not spin it in favor. so these huge quarantine numbers you referenced, 60 million people including the entire city of wuhan which is bigger than new york city, right, that is a huge quarantine, and so to the extent that the chinese authorities are hiding stuff about this and are hiding how this epidemic could get worse and of course, there's always the possibility that right now, it seems to be much milder than sars in terms of fatalities, but you know, with chinese system not being able to provide supportive care to people, this seems to be hospitalizing a lot of people and they aren't prepared and we could see death tolls rise in china. none of that means people in the united states should panic. i want to be clear about that. neil: thank you, guys. i know you will be back later in the show. we are monitoring this very very closely and certainly waiting for the world health

organization press conference. meantime, more businesses are simply telling their workers, as my guests pointed out, to stay where you are, stop traveling, stay home, as the virus continues to spread. we have travel and lifestyle journalist francesca page on how this is hitting the travel industry. this is a time it should be booming for the lunar new year, particularly over there, and it's not. >> no, not at all right now. we have airlines and airports taking all sorts of precautions and you've got american and united which are saying right now they are suspending all flights in and out of china. you have delta which is waiving cancellation fees. we will see what today brings in terms of it's a very fluid situation. as you know, it's changing every day, within the travel industry as well. neil: even within china, you think travel is very heavy within the united states, people go from east coast to west coast, you know, is that, you know, on steroids over there, particularly this time of year, so the chinese aren't traveling within their own country. >> absolutely. businesses are empty. it doesn't seem to have that

boom you would think the chinese new year would have. it's definitely taking a toll in terms of living in china. of course, you have american businesses over there, businesses like google which are saying come home, employees, put yourself in self-quarantine for 14 days and people are opting to do that for the better public for sure. neil: now there are a lot of these companies as well saying we think the better part of valor is not to go there at all. if more companies follow that direction, it could feed on itself. >> it absolutely could feed on itself and may. we will see what time brings. i would say a lot of people, employees are actually opting, you know, to self-quarantine. they don't want this to spread. they will say we will stay home. i don't think anyone is fighting that. everyone is sort of looking at the bigger picture in general. neil: you know, everyone waits for a vaccine or something like that. that was the case with sars which took almost a year to find that. barring that, i mean if this were to escalate and people say i'm just staying where i am, that could really wallop the travel industry. >> it will have a pretty big

impact. people are definitely already starting to take precautions, looking from february, march into the spring. right now we are only looking at the sort of february-march period but as this continues and goes into summer, one of the biggest travel seasons there is, you know, we are definitely going to see the travel industry take a hit. neil: can the industry make up for the fact that the travel to and from asia won't be as big? other locales benefit or there are enough people to make up the slack for those? >> there are, but one thing i would point out, a lot of time with airlines even though they are pulling back flights because they are obviously trying to make a bigger change here, the other reason they are doing it is because there isn't the demand. people don't want to travel through those routes so they kind of have to cancel them inevitably as well. it's worth looking at it from both sides of the picture, too. neil: you really have a case of the carnival cruise line, there's one person suspected to have the virus so they keep 6,000 or 7,000 on the boat, on the boat, and no one gets off the boat. >> yeah. more stories like that, i wouldn't be surprised if they started to come about in the next few days.

neil: i think you're right. thank you very much. good seeing you. thank you for that clarification. again, to her point, way too early to say how long this goes on here, but again, people sort of retrenching and just sticking close to home while they sort this out. meantime, the president about to depart for michigan. he's also going to be in iowa tonight. the campaign is on and he is touting how good the economy is doing and the latest trade deal signed officially to boost operations and our expansion into places like canada and mexico on top of the china trade deal that now with what's going on on the virus front, could be anyone's guess. all this as impeachment continues. imagine traveling hassle-free with your golf clubs.

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neil: all right. the president will be leaving the white house very shortly. he's going to be doing a little bit of campaigning first in michigan, then later on in iowa ahead of the big caucuses there four days from now. blake burman has the very latest. blake, do we know whether he plans to stop by and chat with reporters? reporter: that could potentially happen, neil, at any moment. the president set to leave the white house here within just a few minutes' time so we will get an answer to that here shortly. he is indeed heading out to tout the usmca trade deal, which was signed by the president over here at the white house yesterday. he's going to be going to michigan to tout that deal. the white house has plans here in the near future to do more of these kinds of events. then from michigan, he will be headed to iowa tonight for a campaign rally there, but of course, the white house sees iowa as well as a place that will benefit from the usmca, so wouldn't be a shock if he talks about it at the campaign rally tonight. it's been interesting, neil, very interesting to see how the white house has been selling the usmca in the recent deal -- in

the recent days, rather. as you will remember, in the leadup to this deal, the white house had been saying that if you pass the usmca, it would add half a percentage point to gdp. however, at that announcement yesterday, the president said that the usmca would add about 2.5 times more than that, 1.2%. that claim was then reiterated again this morning by the commerce secretary, wilbur ross. so just a little while ago over here at the white house, we were able to speak with larry kudlow and i asked him what is it, do you guys think it's going to be half a percentage point, 1.2%, where do you get these numbers from. here's the answer i was given. the u.s. international trade commission about nine months ago modeled what the usmca impact would be, and at the high side, the quote unquote, high point, they think it could add 1.2% but they also believe that in the end, it will add about a third of a percentage point, much lower than the 1.2%. so when i spoke with kudlow, i asked him well, what do you think, what is your belief, what

do you think will happen. he settled with the middle ground. listen. >> i try to use midpoints so i'm saying three quarters of a percent of gdp, we should start seeing it towards the back end of this year, certainly into 2021, '22. i'm taking the midpoint of that range which is .75% and i don't think it kicks in overnight but i think we will see it. reporter: they have been saying half a percentage point, then 1.2% but you hear larry kudlow telling me there when we pressed him about it, maybe it will fall somewhere in between. by the way, could have one of these sights again we have been seeing over the last handful of days, the president trying to get something done or highlight something legislatively on one side of the screen, then on the other here in washington, impeachment. neil? neil: we are getting kind of used to that. thank you, my friend, very very vp. we will be live in iowa starting tomorrow and throughout the weekend. we will also be live monday night starting at 8:00 p.m. eastern time for coverage of the iowa caucuses.

caucuses this time are going to be pretty interesting in this regard. you could have two separate winners, someone who picks up the state delegates, someone else who wins the popular vote. remember, this goes district by district. it's a little byzantine but it is iconic and it is what it is. a lot of presidencies were started first in that state. who can forget jimmy carter in 1976. it also provided a launching point for one barack obama in 2008. you never know. meanwhile, the texas governor greg abbott is heralding this latest trade deal we have with the canadians and the mexicans as great for his state. take a look. >> as if texas needs any more of an economic boost lately with the way you have been growing capital and individuals from high tax states to your own, what do you think this does for you? >> well, this is a huge boon for texas, as well as for texas workers. texas has been the leading exporting state for 17 years in a row, and this is just going to enhance that even more.

the anticipated annual gross domestic product this will add to the texas economy is more than $17 billion. neil: all right. texas would be a big beneficiary if all goes well. keep in mind it's right there with mexico so they are thought to benefit immediately from the original nafta deal though depending on who you talk to, maybe not as much as originally thought. they hope to benefit markedly better from this one. let's get the read from republican texas congressman jody arrington. good to have you. >> good to be with you. neil: i'm old enough to remember 25 years ago, 26 years ago, when bill clinton signed off on the north american free trade agreement, that it was going to herald a boom in jobs. certainly it had that effect for awhile. now the verdict is that not nearly as much as it had hoped back then or certainly what the administration wanted to see now. how do you know this time will be different? >> well, look, there's some good and bad with nafta but on

balance, it needed to change for the benefit of our workers, especially auto workers. it supports a million jobs in texas. half of the $300 billion in trade that texas does and we're the largest trading state in the country, half of that is with canada and mexico. there were some structural deficiencies in nafta. we needed an even playing field. we needed mexico to compete under the same rules that our job creators and workers compete with. i think that's going to be -- to go the longest in terms of preventing that giant sucking sound we saw with nafta. then of course we are opening up new markets in canada that we have never had, especially with respect to poultry, wheat and dairy producers. so i think that fundamentally, the right things have changed in this agreement for the benefit again of our producers, of our manufacturers and our workers. look, there were also plenty of politicians over the last 25 years who said nafta is terrible, we need to do something about it. just like politicians have said

that china is ripping us off and taking us for a ride. what have they done about it? this president has stood firm and true to his word that he would have fairer trade deals for this great country, and i'm proud to have supported him every step of the way. neil: how do you know, though, right, congressman, there were a lot of guarantees supposedly built into the original nafta to protect workers' jobs and i think there was a metric, for want of a better term, that could be used to police particularly in mexico how that was going. do you know whether there are similar measures in this to enforce those provisions and then what happens if the mexicans or canadians don't deliver the goods? >> well, you made a point about enforcement. we have an enforcement system that is much stronger than we had in the past and in fact, some of the disparity in regulatory costs on our country versus mexico with respect to labor and environmental was just

a sidecar agreement in nafta. now those provisions are in the corpus of the agreement so they're stronger, they're enforceable and i think that's going to make all the difference. again, that plus new markets, that plus the fact that you can't just build things with cheap products from china and that levelling of the playing field all the way around i think long-term is going to benefit us, and that's why they have quantified the impact at $70 billion in economic growth, 170,000 jobs. i think it's actually, our economy will perform even better and again, neil, add that to china phase one, japan and we are going to see this economy grow for years and years to come. neil: all right. let's hope you're right about that. congressman, always a pleasure. thank you very, very much. the congressman was mentioning china, what's going on there. valid point here. there is growing concern with a lot of economic activity now stopped to a crawl there, whether the chinese will be able to make good on some of those

trade promises it has made. we already heard from peter navarro that well, they better, because nothing has changed and the demands are still the same. speaking of that virus, it's a situation that is gripping china and much of the world. the world health organization will give us an update on that in about an hour from now. whether it is now going to declare this a global emergency. there are some risks in doing that, whether you overly frighten people or given what's happened now, it's justified that you got to help people. more after this. this piece is talking to me. yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪

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neil: it's now legal or increasingly so, the legal marijuana business is seeing major success and the latest example, illinois. now a lot more states are considering following suit. we thought of all our reporters out there who would be able to cover this and naturally, jeff flock came to mind. he joins us in chicago. jeff. reporter: hey, i understood what bill clinton said when he said i

didn't inhale because i can't inhale anything. there you go. this is not only a medical cannabis but also recreational, but there's a sign on the door here that says sorry, we got low supplies so you can't buy recreational today, you can only buy medical. this is what these states face. take a look at the status of marijuana legality in the country right now. a dozen states now allow recreational use of marijuana but twice as many allow just medical use of marijuana. it has been a big boon here in illinois. i mean, the first five days of sales, we saw tremendous lines. there was $11 million worth of recreational drug sold in the first five days, and that's with a 41% tax here in chicago, one of the highest tax rates in the nation on marijuana. of course, that makes it harder to get people not to buy it in

the black market. another 11 states now are considering legalization in some way, either medical or recreational use, including big states like new york, new jersey and connecticut. you can probably get some if you need it. a lot of people interested in this. i talked to an owner of a marijuana operation here in illinois today. she got involved not because she was interested in recreational use but because members of her family had medical conditions and needed the drug. take a listen. >> that's why i'm here. and when you start to tell the whole story, it gets to be a little tough. reporter: you wouldn't have done this if it wasn't for -- >> absolutely not. absolutely not. i would have not participated in this program if it wasn't for the fact that my sister had ms and my brother had cancer. reporter: a lot of people who have difficulty even getting medical marijuana cards now with

recreational use, they can use the drug without having to, you know, be certified for medical use. of course, you discussed earlier on the program a lot of places, you know, lot of people are finding now medical uses are helpful to conditions they have. i will leave you with this. when it comes to legalization, there's two routes to go. one is by the ballot, that is to say some sort of, you know, question on the ballot where people affirm it. the other is legislatively, new york and connecticut now thinking about perhaps combining forces to try and come up with a legislative legalization. it's also a big tax break, obviously, for the state. lot of tax revenue out there. neil: quite a bit. jeff flock, thank you. great job as always. jeff flock in chicago. by the way, we were waiting for the president who is going to be going on a little bit of campaigning in michigan and iowa tonight, that he would stop and talk to reporters on his way to marine one from the stout laout

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neil: all right. we are down to the last four days until the iowa caucuses. while some candidates are back dealing with impeachment proceedings, others are talking with voters. fox news correspondent in iowa with the very latest. reporter: it is the final push,

four days left until the iowa caucuses. we spent some time at one of pete buttigieg's campaign field offices, where volunteers were, for the most part, tied to the phones, making calls to try and make sure supporters are going to show up on caucus night and to try to convince people who are still undecided to look at the former mayor of south bend. at one of senator amy klobuchar's field offices it was the same thing, phone calls and last minute door knocks. as you know and as you mentioned just there, klobuchar cannot be on the ground in iowa right now because of the impeachment trial. she phoned in to some events from washington, d.c., then gets on a plane and comes to iowa whenever she can but she's relying heavily on volunteers and surrogates like her daughter abigail to get her message out in these final critical days. we followed three women from the senator's home state as they knocked on doors in west des moines. they have actually known senator klobuchar for years. one told they met 30 years ago when they were both new moms yawniand young lawyers. >> it's really important to be

out right now. people are making up their minds and to have these one-on-one conversations and with people like my friends and me who know the senator, i think is really helpful. you need to know she's high integrity. i mean, she just, that's it. she won't do anything that isn't the right thing to do. reporter: the latest monmouth poll shows a five-way contest between democrats with biden, sanders, warren, buttigieg and klobuchar all polling at or above 10%, but get this, nearly 50% of voters say they are still at least somewhat undecided or open to potentially changing their support from one candidate to another. neil? neil: i was just thinking, we keep you busy traveling the world and now in iowa. it doesn't stop, does it. reporter: i'm seeing so many places. neil: there you go. there you go. all right. thank you very much. great job, as always.

in the meantime, some new reports are suggesting that joe biden is among the candidates privately pitching to pick up supporters of those who failed to move past the first ballot. you need 15% voting threshold to move on to the next stage of this, hence you get this drama building around who gets the popular vote, who gets the delegate total vote and all of that. it gets a little in the weeds here. suffice it to say there's no clarity just yet. back with us, our panel here. you know, john, looking at it, you know, obviously each candidate is going to have their own spin on this, but this is particularly a confusing year, isn't it? >> yeah. they do this pretty much every time there's a caucus, neil. you are going to the weakest candidates and saying look, you know, this is where the rubber meets the road, if you don't get the 15% can you throw your support behind me. and it's deep politics. each of the candidates is looking down the road, around

the corner and around the corner after that about aligning with a certain candidate that they think might win, what happens if that candidate wins the election in the next administration. but some of these candidates also are looking just as far as the convention, neil, because if it's a brokered convention, all bets are off. and you might have a greater significance remaining in the race rather than throwing your support behind somebody now. neil: very good point. inez, you could look at iowa as sort of a metaphor what that convention could be like or sort of a preview, coming attractions, where you know, no one gets a clear-cut victory on the first ballot in this case, but then all bets are off in the second ballot, where super delegates come in and this could be an early test of that. what do you think? >> well, i think it's going to show that one of the major fault lines in the democratic party is going to be broadly written, the democratic establishment. let's say somewhere between hillary clinton and barack obama, right, in terms of policy and message. then you have the candidates who

are running as anti-establishment candidates. now, obviously bernie has been surging in iowa and new hampshire, and then as you say, about the second round ballot, there was an interesting interview earlier with andrew yang, who said that a lot of his supporters might caucus in that second ballot. the first ballot will go to andrew yang but because he's sitting at around 3%, or 4% maximum, those votes go to sanders. that's what andrew yang himself was saying in the second ballot. then the same thing with somebody like amy klobuchar, who is sitting right on that 9% threshold. if she can't make it over in some districts into the 15% that's needed to get delegates, you might see her supporters then caucusing, for example, for biden in the second round. so yeah, we will have to see what happens. but there's definitely a fault line between the anti-antibio c anti-establishment candidates like bernie, yang and gabbard and the more inline establishment candidates like joe biden and buttigieg and amy

klobuchar. neil: i know there's increasing concern not among the bernie sanders folks, they like it, but among others in the party that he is, you know, peaking at just the right time, could win iowa, could win new hampshire and many feel that he would be a sure loser as a nominee. be careful with that, you know. many thought the same of donald trump with the republican nominee. getting that history and all, how real is that? how much of a concern will this be if he wins both in the next little more than a week? >> it's a really big deal. i would add an even bigger deal was the new poll by the "los angeles times" yesterday showing bernie is surging in california. which is super tuesday march 3rd. if bernie should win california, i think that would send shock waves throughout the party. we can argue all afternoon long whether he could beat trump or not but he would be the underdog, but the big concern in the establishment in the

democratic party is that he would drag down a lot of house and senate candidates in moderate states. neil: we will watch closely. thank you all. we have a lot of breaking news including the latest on the markets. reminder, by the way, about iowa, that we will be there tomorrow and throughout the weekend. we will also be live monday night starting at 8:00 p.m. eastern time with coverage of those caucuses and again, it's going to be a little bit interesting this year, it's always interesting, in that there's going to be as much focus on the popular vote, the aggregate popular vote, as well as of course, the delegates here. sometimes it isn't consistent. this particular year, it's almost guaranteed to happen that way. two different results. more after this.

neil: high stakes, i guess you call it high definition. fox sports is streaming the first ever super bowl in 4k. fox news 24/7 headlines anchor brett larson has an inside look at this new technology.

reporter: after weeks of work, the hard rock stadium in florida is ready for super bowl liv. for the first time, the super bowl will be broadcast in 4k, which requires even more work, more cabling, more monitors and a lot of cameras. >> we've had upwards of 6,000 people working on this site since we've been here starting on january 2nd. so we've been here since just after new year's and we have been working, you know, ever since, just to get everything ready and to get us to this point. reporter: super bowl liv will be covered with cameras, literally, with 20 end zone and end line pylon cameras, wireless cameras on the field, over 24 super motion cameras, three 8k cameras, eight high speed 4k cameras and two sky cams. to see the big game in ultra high definition you will need a few things starting with a 4k tv. you can pick up a 4k tv for under $300. then you will need a 4k set-top

box or streaming device, like amazon's fire tv stick 4k, apple tv 4k, or the roku ultra. check with your cable or satellite prior ovider to find if they will carry the game in 4k. for streaming, you will need high speed internet of 25 megabits per second or faster. kickoff is 6:30 p.m. eastern time on sunday and the game airs on fox. brett larson, fox business. neil: thank you, brett. meantime, the big apple is facing a big debt burden. new research finding that new york city taxpayers currently have the largest burden to bear when it comes to paying back just municipal debt. to "making money" host charles payne. i can't say as i'm shocked by this, but the numbers are stunning. charles: yeah. i'm not shocked that the city's on the list, but $63,000? i mean, that is mind-boggling stuff, and consider those numbers are probably just going

to continue to go up because they are going down a path where they are hurting commerce with some of these new sort of social justice policies, some of the promises that they've made, and it's really remarkable, then you wonder why things like legal marijuana haven't worked out to the degree we thought they would. because any time something new and innovative happens, what do they do? they have to tax it to death. look what they're doing in new york city to the gig economy. look what they're doing in california to the gig economy. you can't even blossom a new industry because they have so much debt and they need any sorts of money they can get, even nipping these amazing opportunities in the bud. neil: i am wondering where this goes because no state entity or municipality where this is going on, they are doing anything to address it. if anything, they are doubling down. charles: they are doubling down. they have crossed the rubicon, they can't get back and i think the thing now, wherever it's going to go, whatever the cliff is, we are going to find it.

we are going to find it in new york city. you will find it in all those cities on the list sooner rather than later but it's going to happen because they're not going to ever dial it back. neil: while i've got you, if you don't mind, i want to switch to the china thing and the concerns that maybe the world health organization ups the ante a bit and maybe the pressure on this to say all right, this is global. we don't know what they're going to say. i know you will have it in your fine show. but i'm wondering whether this bill, i mean, this is sort of like the china trade thing. we moved on each little nuance. are we now doing it with the china virus thing? charles: i got to tell you, though, today's session is absolutely remarkable. we climbed off the canvas twice. we got hit just moments ago when we found out the spouse -- i think it's the spouse of one of the first five confirmed u.s. cases also has the virus, so we are off 220 just ten minutes ago, now off only 130 points. you're right, the world health organization is between a rock and a hard place. president xi has put visible pressure on them saying he knows they would be deliberate, patient and understanding. on the other hand, a lot of

people are saying if they don't declare this a global epidemic or global emergency, small nations won't get the help from international organizations that they may need to combat it. so the world health organization at 2:30 today going to make a major announcement with global implications, including for our markets. you know, it's a nail biter. neil: we will watch closely, look forward to your show to get into just that. thank you, charles. charles payne. meanwhile, oil now at its lowest level since october over these virus fears. is that overdone? after this. imagine traveling hassle-free with your golf clubs. 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. with just a few clicks or a phone call,

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neil: all right. the cdc confirming the first

known u.s. person-to-person transmission of the coronavirus here in the u.s. we will hear from the world health organization in the next hour. keep in mind there are other cases of this person-to-person in other countries, like germany, australia. first time in the united states we've learned of this. fox news medical correspondent dr. marc siegel with us on the phone and the significance of this. doctor, are you worried with this latest development? what does it tell you? >> i think it's further information. i wouldn't say that i'm worried. i think that the more this goes on, person-to-person transmission, the more we're aware of how contagious this virus is and we are trying to map that, and i think we are really good at doing that in this country. where we identify the virus, where we do a blood test and prove it's the virus, where we look to see who the person's been in contact with, and then if it's secondary spread, we can start to figure that out. neil: you know -- >> you know, we can't tell in china. neil: yeah. what do you suspect? you've got a good gut with these things, obviously. unlike sars back in 2002-2003,

we didn't see the severity as of yet, the death rate that we had with that, but neither did we see what we are seeing now, 60 million plus quarantined. so what do you think of the way this is sort of sorting out? >> it's looking like it's probably more contagious than sars. i think i agree with where you're going with that. sars ultimately burned out over a year where we ended up with about 8,000 cases and tragically, about 800 deaths. it was more deadly. this virus, we already have almost the same number we had with sars in a much shorter period of time and there's no sense that it's letting up. so i think it's potentially more contagious. these coronaviruses are very variable. common cold is one and it's quite contagious. so we don't yet know how contagious this is. it's starting to look like it's about as contagious as the flu is, let's say, which is for every person that gets it, a little bit more than one person

will end up carrying it and then it ends up spreading. as you said, you know, it's not as deadly as sars looks at this point, with 170 people and most of them had chronic illnesses or were more at risk than young healthy people who have no other reason, so i'm really looking to see if we can contain it in the united states. so far, the centers for disease control is doing a great job at that, even with one case spreading. that's not a large number. we have very small numbers here in the u.s. than in these other countries you mentioned. that's actually good news. neil: when you hear human-to-human contact or another means of this spreading beyond just having visited the affected region, that allows for the possibility of it spreading faster and to a wider potential group, does it not? >> yeah, but one of the things we're very good at here is actually isolating these cases and that's what happened with sars. this is just what sars looked like in toronto, when suddenly it spread from one place, if you

recall, somebody thought they got it from touching an elevator button, and this is the exact same concerns that we had. but public health plays a role here in terms of isolation. what i'm not as sure of is what the role of roping off entire cities will do, because that gets people very panicked and they take fewer precautions. there's a mixed result on that historically on what's happening in china. it's tragic that it got to this point where you know, 98%, 99% of the cases are in china. we have over 7700 cases now and they have known about this virus for over a year, so i kind of wish that it had been jumped on earlier on. they don't have the health care infrastructure that we have, though. neil: dr. siegel, thank you very much for taking the time. i appreciate it. >> we have to keep a very close eye. thank you. neil: indeed we will, and we will. thank you, doctor. meantime, corner of wall and broad, not good for stocks but you know, you've heard about a lot of flight to quality in bonds and all, but you know, i keep mentioning a lot of you

keep saying why do you talk about gold. because it's up again. it is back to better than six-year highs. this was ticking up even before we got this whole virus news. so this is a stubborn and consistent trend we have been seeing. this might not just be a fear play but something more substantial, maybe investors sort of hedging their bets or looking at other opportunities. but gold is not quitting here. more after this. i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. my focus is on the road, and that's saving me cash with drivewise. . . when we started our business we were paying an arm and a leg for postage.

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tit's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go! ♪ ♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right. ♪ neil: all right, you have got impeachment trial still going on. this is a wrap-up day of the questioning period that could take us another seven or eight hours of this. then the next issue comes whether or not we have witnesses, all of that. therein lies the whole battle whether there is a short and succinct affair that could be wrapped up as early as tomorrow or it gregs on. forget about iowa. goes past new hampshire, maybe super tuesday, on and on.

hard to say this much is not. corner of wall and broad they're selling. concerns what is happening on whole virus front. we'll follow political developments in iowa where we will be tomorrow. coverage next monday for the caucuses. here is charles payne. charles: neil, thank you very much. good afternoon, everyone, i'm charles payne. this is "making money." stocks are breaking lower as we hear from the world health organization on the international risk the coronavirus. the outbreak as wall street weighs on this and outlook on corporate earnings. promises made, promises kept. a new poll shows american's surging satisfaction with president trump. prepare to be shocked. house at it again. voting on measures and administration to take limited military action against iran. congressman jim jordan joints us live. all that and much more