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tv   After the Bell  FOX Business  January 30, 2020 4:00pm-5:00pm EST

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cryptocurrency. what do we do with fiat currency with the balance sheet expanding? [closing bell rings. liz: alan, thank you very much. we'll put the five ps on lizclaman.com. that will do it for "the claman countdown." melissa: big day for wall street. major averages turning green in the final hour of trading after the world health organization creates a public emergency over the coronavirus. but officials say they believe china has the situation under control. the dow closing up 123 points there. three days of a winning streak. i'm melissa francis. connell: i'm connell mcshane. quite a turnaround. welcome to "after the bell". major movers today, pretty much the ones we brought you yesterday, tesla, microsoft both hitting new highs, better-than-expected earnings.
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facebook, not as lucky, reporting an earnings beat. wayne enough to impress investors. there you you go we bring you the results from amazon and visa. find out the results before they it markets tomorrow. melissa: president trump is touring a factory in michigan and will make remarks about the trade deal with canada and mexico. we'll bring you the president's comments as soon as they start. connell: we go to breaking earnings news of the day, we bring in our panel to talk about amazon. from miami, jonas max ferries, fox news contributor and hitha. earnings report is coming across. i will try to glance down to give you a little bit of detail. i know the sales number comes in at $87.4 billion for amazon. so in their fourth quarter, that's better than expected, all right? the stock is up 6%.
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better than expected sales from amazon, in terms of its earnings per share we'll wait a second to make sure, item excluding items number if that is applicable. aye will tell you, jonas, sales are strong, good oy look, people are wondering about profitability. amazon's profit might be down from this time last year but apparently still quite strong. what is your view of amazon, jonas? >> i think people are more looking at the revenue growth. profitability should be bad so to say this quarter. some is unintentional, pressure from microsoft on their cloud services. the other is new strategy to move to one-day shipping, very expensive plan but so were many years of losses they were doing free shipping before that became cool. that was a big money loser. this will be a big money loser, if they dominate, wipe out all the competitors, some competitors are stronger in recent months and years like
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target. investors, that is what they want to see. everyone is willing to have losses in amazon as long not forced on them by slowing growth. connell: break in, jonas, for a second before we go to hitha, earnings per share number as they cross is well above expectations as you look at it. looking through it on an accounting basis to see how it compares. so far the market loves what it sees. jackie deangelis in the newsroom with more on this what do you see, jackie? reporter: connell a beaten beat on the top and bottom line. earnings per share $6.47. the stock is trading up after-hours. i have some of the segment break down which is what investors really look at when it comes to amazon. web services revenues, 9.94 billion. that also was a beat. remember web services is where they compete with microsoft who
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did very well yesterday but web services is really the future of this company and that number itself may be more important than anything else, guys. melissa: i want to add in one more. they say more people joined prime this quarter than ever before. they have more than 150 million paid prime members around the world. so that is another big number everybody is looking at. connell: with all this concern, jonas revved to it,hitha giving away some things, one day, free shipping will hurt profitability. the numbers jackie told us not by much. the profitability numbers in addition to the revenue were quite strong. what is your take? >> that is what investors were kearned with. when you think amazon, platform, e-commerce company but at the end of the day they are a logistic company. the money they spend to make sure prime members get same day deliveries is the tune of
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$1.5 billion. as jackie reported that did not have much of an impact. look at numbers right now, we're seeing a jump of 174 point with this stock in after-hours. as well, when you were talking about amazon web services, it is certainly a driver. i think concern was, that, there was this big pentagon, this big pentagon contract that they were looking at. steve jobs was trying to halt the transfer of this contract to microsoft. so it was called the jedi contract. it stands for joint enterprise defense infrastructure. i would make a bad pun that, steve, not steve jobs -- melissa: jeff bezos? >> thank you. thinking about apple. but jeff bezos was wanting that "return of the jedi" to come back but clearly, amazon web services is, having more of a profitability streak, regardless of whether or not they get the contract back. melissa: can i give you one more data point we're seeing here? this is the guidance for first quarter. they're seeing sales at
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69 billion to 73 billion. that's the range. connell: estimates at 71.6 about. so the upper end of that would be obviously above the range. right about the midpoint i guess if you do the math. jonas, what do you make of that? that is the outlook for revenue which could top, potentially could top expectations? anyway, whatever the reaction is positive by the way for the to go being up, 10%. go ahead, jonas. >> added $100 billion in market value last few minutes. president positive. more than 10 times the government deal he lost because he bought the post. connell: that is true. >> this is better than it should have been. this is amazing they're still trying to grow fast in expensive ways and it is not leading to losses. they beat on earnings. revenue was expected this is not good for competitors in some ways. this is a very fierce -- this market value over a trillion dollars they have to do this before it all comes crashing
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down. this is not a cheap company. you have to support a trillion dollar market value with signs that your margin is not going away. you can deliver earnings and deliver growth, both of those. this is what they're delivering when it collapsed 100 billion easily. connell: stock from an investment, jonas, from your point of view. it use a boost. it is getting one right now. before it all this underperformed a market quite strong. up 14%. s&p, up 27%. so the amazon stock has not been as strong as some others. what you do you think of it as an invest? >> you know, my problem with any trillion dollar company, not that jeff bezos can't figure out new areas to dominate, crush competitors. there is point, it will not be regulatory room to do that. to go to 2 or 3 trillion-dollar market cap, to take over some other industries, to wipe out competitors, whether shipping, he will not be able to go into
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those with the looseness he got into with book sales and other things. you're allowed to go into that area. you can't keep wiping out competitors across the board without global governments keeping it a slower growth business but that said you're not seeing that so far so. it could be a long way off those days. melissa: let me ask heath that, the question of that regard. some people say the law of large numbers as it gets bigger and bigger. that is what jonas is saying it is hard to grow and move on. >> as i said before, amazon is lee -- logistics company, even with same day delivery it will get more and more focused on that. i'm sure on the earnings call jeff bezos will talk about the fact they will start pouring more money into that. so in addition to of course getting prime memberships and getting that aspect of their business up, i think really, their main focus is amazon web
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services, pouring money into getting more client there. making share the logistics is airtight. connell: fourth quarter is important number for amazon. have this seeing more people join prime than ever before in a single quarter is quite something. back to jackie deangelis with more reporting in the newsroom. jackie? reporter: connell, i just want to update you on some of the guidance amazon gave as well because investors will focus on that. revenue of 71.64 billion. that is the midpoint of the range, what they're expecting for first quarter. you could read that as slightly lighter than expected. that is one issue. operating income of 3 to 4.2 billion. forecasting five basis points of favorable empack from foreign exchange. so the stock continues climb as we talk an investors go through the numbers. connell: thinking same thing about the revenue guidance. people were not expecting such a strong quarter in the last quarter on the profit side.
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you blow it out of the water in an important quarter. so far at least you're rewarded. jonas, hitha, jackie, thanks much amazon up nearly 10%. melissa: wow. taking a victory lap on the road. president trump making the very first trip to michigan for the new year, touting the newly revised trade deal he says will add thousands of auto jobs in the key battleground state. connell: plus a stunning government report revealing a major u.s. airline flew passengers on planes with unconfirmed maintenance records for two years. details coming up. melissa: mayor wayne business is booming in illinois and causing other states to follow suit. they look happy. it's these unique companies with creative business models that will generate value for our investors.
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connell: back to fox news alert. live in warren, michigan. president trump delivering remarks. talking about the usmca recently passed. he has a campaign event later this evening in iowa. listen to michigan. >> american jobs are coming back an they're coming back fast. they're coming right here to michigan. they are coming rapidly. you see what's going on. [cheering] we're very grateful to be joined
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with some special people came today. ambassador robert lighthizer. where is bob? what a job you've done. what a job? [applause] he did this deal. he did china. he did japan. they all worked together. fantastic job, he worked night and day to complete the outstanding agreement. bob, i want to tell you on behalf of our country we thank you very much. thank you very much. [applause] and with us also we have some of our people that have been incredible. they're warriors. i call them warriors. won 196-0 on a little vote couple weeks ago. you do all these great deals. everybody says thank you, sir. this has never happened. everybody said it's impossible to do. it will never, never take place, trade deals like this. then we built our military, we cut taxes, we've taken care of
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regulations, cut more than any other president in the history of our country and we did that in three years instead of eight years or in one case -- [cheers and applause] we protect our second amendment. we protect our second amendment. [cheering] we've done all these things. remember the tax cut, was the biggest tax cut in the history of our country and what do they do? they impeach you. explain. explain that one. [booing] but we have great republicans out there, they don't like it any better than you do. very partisan situation, frankly a disgrace to our country, but there has been no administration, has done what we've done in the first three years of an administration. no administration. we're very proud of it. [cheers and applause] but i want to thank tim walberg. where are you guys? you're all around here
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someplace. tim? fantastic job. bill huizenga. john john molinar. jack bergman. jack, thank you, jack. paul mitchell, thank you very much, paul. these are your congressman. they have been a fantastic. a lot of other leaders here and leaders in michigan. these are members of our incredible representative house. i want to say that, you know, i used the term warrior. very, very not easily. but they are warriors. we've had a lot of warriors, wouldn't you say? i would say we had 196 warriors. [applause] we had a zero. so 196-0. and we actually had three democrats join them. that was pretty good, wasn't it, huh? one actually left the party and joined the republican party. jeff van drew. [applause] but i said to them, i know you have a wonderful iraqi-christian
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community in michigan, do you know about that, yes? you know about that? i hear they're wonderful. [applause] and the congressman were telling me on the plane how rough it has been for them. it has been a very tough time for a lot of christians all over the world. all over the world it has been very tough. chaldeans, you know the chaldeans, right? we have some chaldeans that are working here. we talked about it long and hard on the flight in. we'll make sure we do everything we can to keep people who have been good to this country out of harm's way when i get back we'll give those who need it to get an extension staying in our country. we'll extend for them. a lot of people in michigan have been asking for that. we'll get back to work on that when we get back to your great congressman.
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michigan is a steward of one of our nation's most treasured resources, the incredible great lakes. anybody here from the great lakes? [applause] i think so. i told members who are here with me, that we're going to work together to protect the great lakes from asian carp. who would have thought that was going to happen. and other invasive species. it really is, it has become a big problem. we're working on it very strongly. the u.s. army corps of engineers has a plan. we're going to get this done and ready to go. it will be very quick. we'll do it very quick. it is not easy but we have all of the top technology. we're going to take care of it, just like i made the promise, and that promise where so much already has been done. i also made a promise to you here not so long ago here in michigan, had to do with sue locks. i came here, working on the
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problem since 1980. 1980. nothing was done. it was getting, rotting away, the locks were rotting away. it was all talk and no action. i was being told, it is never going to happen sir, too much money. it is not going to happen. they all said leave it to the next president to do but i said i am the next president. [cheers and applause] it is a big deal. and now as your congressman can tell you, they worked so hard on it, all of the funding has been fully, fully approved, right? fully. done. i signed. you think it is easy getting $9,222,000,000 out of congress? not easy. we're talking about 11 million jobs all over, those locks serve. some people think as many as 18 million jobs. so sue locks we'll be starting
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that in a matter of a couple of months. we're going to have it all set. we have our maximum funding. we have the maximum design. it will be good for another 100 years they say. so we'll get it done. [applause] i know everybody here in michigan supports our great armed forces as much as any place in michigan. [cheers and applause] and that is why we're giving strong consideration to deploying some of our mighty f-35s to selfridge international air guard base. [applause] you know what that means, right? you know what that means? that is a big deal. selfridge you will see a lot of fast planes. they're totally stealth. maybe you won't see them come in. you won't see them coming in but thank you coming in. these members, our congressman,
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as members worked so hard for the state. they support all of the great jobs here at dana. dana incorporated employs more than 1500 people and it is having one of the best years they ever had and the hard-working men and women right here in warren, make the axles, drive shafts and assemblies of some of the world's toughest vehicles and proudly they bear that glorious phrase, i like that when they put it on, you know, awe few years ago they weren't using that phrase much anymore, called made in the usa, made in the usa. [cheers and applause] so to workers of dana who helped invent iconic u.s. army jeep still doing incredibly well, having a record year. jeep is having a record year. you have so much to do with it. that's pretty good. you helped invent it. i like that.
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i hope you're being properly compensated for that, because that sucker is doing well. [laughter] but i want to congratulate you. 1941 it came about, 1941 came about the it was special. for years washington hurt workers like you for deals that benefited foreign country assed lobbyists. the state of michigan alone lost nearly 200,000, think of that, manufacturing jobs and nearly half of its vehicle manufacturing jobs, they left. they went to mexico. they went to canada, they went to many other places. in the last 16 years before my election, 60,000 plants and factories closed throughout the united states. can you imagine that? 60,000. it is not even possible. i know it is true because all of the fake news back there, you see all those cameras? [booing] if i say something that is even
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slightly off it is a headline. so i have been saying it for two years. 60,000 plants and factories closed. nafta was the worst trade deal probably ever made by any country. could have gotten any worse. you saw it in michigan as much as any place. you lost your car companies. i was hon another, believe it or not 10 years ago i came to michigan, i was honored by a wonderful group, i was the man of the year and i made a speech and it was a little bit controversial, and i didn't know too much about the car industry, but i did know you were losing all your jobs, they were leaving, they were going to other countries. i said how the hell did you let that happen? we stopped it. this deal really stops it. now they're all coming back because they want to be where the action is, the action is in our country and in this state. [cheers and applause] so for decades politicians campaigned across michigan --
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connell: president trump in warren, michigan. remarks about jobs usmca and his record on the economy. one of two stops he will make today. both, in some ways are campaign related. certainly the president talking about what he sees as his accomplishments in office on the economic level. there at this stop after he is done he will get on air force one to fly out to a campaign rally that is being held in iowa. hillary vaughn is among those waiting for him there. a bunch of supporters, lined up in the cold to see the president this evening, hillary? reporter: that's right. the line has been moving pretty quickly. people were camped out overnight just to get a chance to hear from the president in iowa. he is closing his victory lap he is making today, touting two new trade deals he closed, usmca and the new china trade phase one deal. a lot of farmers are looking forward to getting, seeing some of those economic impacts from the trade deals, particularly the usmca.
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the farmers here, industries here have been hit fairly hard by the tariffs. you know have been put in the middle of these trade negotiations but while this is happening, the front-runner in iowa, connell, right now, for the democrats, senator bernie sanders, has been campaigning on undoing what president trump has done on trade. unrolling the usmca. yesterday he issued this statement saying quote, as the only leading presidential candidate to oppose trump's nafta 2.0 i'm pledging today, upon being sworn in as president i will immediately begin renegotiating this did i status trade deal. we talked to iowa caucus-goers today about what they think about sanders' pledge to undo the usmca? >> usmca is a good thing for american business. i think obviously bernie is out for freebies and that is not what we're looking for. >> bernie needs to reevaluate the whole situation and rethink, that the usmca is one of the best things to happen here in
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iowa. >> i think sanders will do it. i think that is a bad, bad deal. we're farmers. i have nothing but plays for him. i think he doing great. reporter: that is what we heard from a lot of farmers and caucus-goers here connell, they're thrilled what he has done on the economy. connell. connell: many democrats support on that issue but not as you say bernie sanders. thank you, hillary vaughn out in iowa. melissa. melissa: here to talk about all of it, brad blakeman, senior staffer to former president george w. bush. businesses love the usmca and also phase one of the china deal. does the average voter though care that much about those specific issues? do they feel sort of the impact of it? >> there is no doubt. they're feeling it in their wages. we're at full employment for the first time in a long time. melissa: that is not because of the deal. i know they feel the economy but on the deals? >> no. but the economy made it possible for the president to enter this
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historic deal. this is over decades in the making. if you take usmca just in our own hemisphere, they're talking in michigan alone 76,000 new jobs, 34 billion in new investment. about 23 billion in sales, parts, auto parts. so for the auto industry, not even talking about the billions for agriculture for michigan, this is huge just for that state. and that is why the president is in the swing county of macomb. two times went for obama. then switched to trump. trump has delivered on his promises. when he goes to iowa, he will also tout how good usmca and china are going to be and will be for iowa as well. melissa: in the interim, i know that a lot of manufacturers, you know, people that make all kinds of products and pass-throughs have seen a jump in price of commodities in the past few years as this debate is going on. do you think consumers felt that
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pain, will react to that at all? >> no. because the pain is now going to be over, no pain, no gain. people were against the tariffs. the tariffs brought usmca about, between canada and mexico. also brought china around. that is the way negotiation works. so let's not think, and i made up a new english term, being momentarian not live in the moment. but understand we have to plan for our future. that is what the big agreements are about. melissa: you can't possibly live in the moment for this presidency. they go by real fast. a new thing every single day. with do you think the handling impeachment a split screen president, he is out doing something and everybody else is back in congress, do you think that is working for him? or do you think the impeachment is upstaging what he is doing? >> no in any other presidency the president would be in the bunker if they were in this
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position. he is out and performing. bipartisan agreement on usmca. china come to the table. look at crowds he is getting? does he look like an embattled president. i would wage the crowds he will get in iowa could never be touched by any candidates the democrats were running contemporaneously today against this president but against others as they seek their nomination. nobody will be able to generate the kind of enthusiasm this president will do in iowa. melissa: brad, thank you. >> pleasure. connell: we move on to the rising health threat. how officials are responding to the deadly virus from china as it accelerates here in america. we'll have that. gm truck making making a comebar a decade. gone for a decade. this time taking aim at tesla. jo i like that. invested at a great rate. that's why fidelity leads the industry in value
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♪. connell: let's get back to earnings as we come back here. we talked earlier about amazon's strong report. that stock continues to surge after-hours. more people joined prime last quarter than any quarter in its history. the stock is up 11 1/2%. that is amazon. huge report. big story tomorrow. visa will likely be a big story tomorrow, reporting results. they don't look so hot or at least the stock is not reacting well. kristina partsinevelos joins us. what is the deal on visa? reporter: a mixed bag.
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earnings came in line 1.46 with expectations. profit did well with the holiday season. but the issue you're seeing now, revenue fell short of expectations, $6.05 billion. lower than expected especially during a stellar moment. the holiday season you expect people to be shopping, swiping their cards, you don't want to see numbers like that. the growth in process transactions across the globe, that increased 11%. we're seeing some cross-border volume. people using their visa cards across across the border for international transactions that was up 9%. a share buyback program roughly $9.5 billion. overall though it is probably revenue number you're seeing hurting the stock in after-hours trading. the company, mastercard, visa, a lot of companies need to compete with big tech moving into financial services. there is a lot of talk about acquisitions, acquiring smaller players.
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visa recently announced they're spending five billion dollars to acquire fintech played. to move accounts to paypal and join them with mint if you're familiar with that platform as well. nonetheless, it is a game of keeping up with big technology, because everybody has been entering financial services. i will shift now talk about ups because that is another company. those shares are down in negative territory. the reason we're seeing that. had earnings come out. let's say a mixed bag as well. saw strong holiday sales. a lot had to do with amazon. ups's biggest client is amazon. contributes 12% of overall revenue. they're very dependent on amazon. investors weren't happy. why weren't they happy? they were not happy about the guidance. they thought it was too conservative for 2020. the company took a hit of $20.8 billion when it comes to pensions. the company announced they would spent a lot more on labor costs, operational costs. they want to ramp up services.
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i spoke with the ceo at new york stock exchange earlier this morning. weighed in on phase one, what that means, trade deal with china. what it means for his company. listen in. >> we thought phase one was historic and for one thing, what it kept from happening. this next phase of tariffs was going to be very, i'd say punitive to a lot of our customers. reporter: more of that interview can be found on our website. just to wrap full circle, you had the ceo talk about a lot of costs in the short term for long term gain. back to you. connell: good enough. thank you, kristina partsinevelos. melissa: we must act now. the world health organization declaring the outbreak of the deadly chinese virus a public health emergency as congress prepares to take action. we go to edward lawrence live on capitol hill. edward? reporter: designation of a global health crisis allows the world hello organization to get more money and make more recommendations to stop the
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coronavirus spread. w.h.o. says china locked down their country. the money would help other countries with weaker health care systems. the coronavirus has spread to 18 states or 18 countries around the world. they added finland, india, and philippines today. there are six cases in the united states including first person-to-person transfer to happen in chicago. donna shalala says the cdc is getting into china to analyze the situation on ground in addition to the w.h.o. u.s. says on top of that a vaccine is not a short-term solution. it takes a while to create those, showing the response from the u.s. good old-fashioned public health care. >> we're not jamming emergency rooms and hospital beds. we ought to send out the message. it is not that getting a flu shot will solve the problem with the coronavirus if it starts moving, but it will help the
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greater good in terms of eliminating number of people that end up in emergency rooms. reporter: she is saying just in case get everyone else who might be sick out of the way to open up the hospital rooms. lawmakers are looking at the stock market. representative michael burgess is saying the reaction of the stock market is not quite as bad as it was during the sars outbreak. >> if i recall correctly, it nearly wiped out the aviation industry in canada for a short period of time. these things can be very, very serious and, canada was probably hurt a little worse than we were with sars. whether that was by luck or design, not sure that i completely understand but it just underscores you have to be very, you have got to be on top of your game with this stuff. reporter: he says the response by the u.s. has been aggressive. they're still screening people coming into the country from china to make sure that the virus isn't making its way here. back to you.
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melissa: edward, thank you. connell: stay in our nation's capital now and give you the update on impeachment. lawmakers on both sides of the aisle is feeling pressure on what is the final day of questioning in the president's impeachment trial. chad pergram tracking it all live on capitol hill. we likely know what happens today, chad in the trial, but you're saying a lot can come to a head tomorrow. take us through it. >> a lot of pressure to wrap this sometime tomorrow night. they will continue with the question and answer period today. probably through about 11:00. they're up to 135 questions so far. that is a lot more than the number of questions which were asked in president clinton's trial in 1999. then tomorrow is going to be the seminal day. that is when at the will have a vote whether or not to have witnesses. if they go down the witness road, that gateway, that could delay the resolution of the trial. they could vote on individual witnesses or could try to vote on slates of witnesses to kill that to get on to a final
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verdict. john barrasso, republican senator from wyoming indicated he thought the momentum his word on the republican side to try to wrap this up late tomorrow night. that is going to be key. listening to some of the questioning today, just the past hour or so, chuck schumer, democratic leader, he posed a question to both defense counsel for the president and house impeachment managers, whether or not the administration had cooperated with the house in providing documents? that has been front and center. also there was very interesting question from susan collins, republican of maine. she asked whether or not it was ever appropriate for the president to lean on a foreign government to try to investigate a political rival? susan collins is one of the swing votes who could vote for witnesses. the reason we don't know the absolute resolution of this, we know what the outcome is, the president will probably be exonerated, there are not 67 votes there. the vote for witnesses or not witnesses it is right on the edge, 51-49, 52-48, maybe 50-50.
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by rule a tie vote in the senate loses. back to you. connell: chad pergram on capitol hill tomorrow. a big day. melissa: return of a legend. general motors will unveil a reboot of its iconic hummer and it is more powerful than ever. details on that next. ♪ let's be honest,
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melissa: "fox business alert." ibm ceo ginni rometty will announce after retiring after 40 years with the iconic computer company. she will be replaced by ibm's senior vice president for cloud and cognitive software. rometty will continue as executive chairman of the board. the stock popping of a hours of the news. connell: pretty good run. talk about the story for hummer returning to general motors. it made announcement its new electric truck is on the way. in fact they say it will be the most powerful vehicle gm ever
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produced. to get a real look, you see a bit of a tease of it on the screen. a real look will come during a super bowl commercial gary gastelu joins us with a joins us this is all-electric which is interesting. >> all-electric. that is 1000-horsepower, more powerful than any vehicle general motors made. more powerful than any vehicle in the united states from a u.s. brand. this is gm's, tesla's cyber truck basically. will go 0 to 60 in three seconds. that is as quick as a corvette. it will be big, with dramatic styling, the sort of thing you need to kick off the electric age. that is good idea. they will be able to charge a lot. they won't have to sell a lot to have big impact as they begin a transition to electric vehicles next fall. connell: lebron is doing the commercial during the super bowl. i'm not sure if it helps but doesn't hurt. the tesla matchup, how do they
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match up in terms of the specs? you talked about how fast it is? a pretty good head-to-head matchup for gm? >> we know more about the cyber truck than the hummer at this point but what we've heard they're very similar in performance and probably -- probably a pickup truck. they haven't even confirmed that yet. the hum -- hum her. 2 with a cab in the back. his first vehicle in high school was a hum her. 2. he is exactly the kind of person they want to see taking instagram self if is in. connell: that's right. you have a lot of instagram followers. interesting to go all electric with it. -- hummer. is that a predictable move or a bold one. >> gm had the hummer on the shelf. it was not bringing it back. it probably was wrong to get rid
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of it in the first place. that anti-suv movement was very short-lived. conventional, tahoe, gmaaacadian it can roll in with the electric vehicles from the top down. connell: different audience for vehicles with this car so high-end than going with pickup trucks to other suvs? >> to a certain extent. this is the same audience buying the new escalade. we'll see that for the first time next week right after this thing debuts at the super bowl. similar audience there. again the high-end, high income shoppers are the ones that can get into an electric car without a big issue. they have the garage for it. they can set up a charging system for it. maybe they have a gas powered vehicle on the side in case they need to go on a long trip. connell: as a side point you reminded of interesting period at the time that seemed like the trend. after gm went bankrupt with the
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auto bailout and all the rest, gas prices went up, that is the end. that is the end of su very muchs in this country. seems silly to mention it that we had that conversation a decade ago. >> amazing. it only lasted a couple years. a lot of people threw the h-2s away for pennies on dollar. "cash for clunkers." a year or two later, everybody says, oh gosh, i wish i had the truck back. the prices started going up. even though they're valuable as well for used vehicles. this is a smart move. it got a lot much buzz for general motors. i don't think the name ultimately will matter much as big, bold styling we saw with the cyber truck. same sort of thing with this. maybe we'll see a little more on sunday. may 20th is a big day. that is when the full reveal comes. connell: should have lebron throw a brick through the window. >> they're not saying anything. connell: melissa. melissa: futuristic groundhog
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day? peta is calling for the retirement of the famous with predicting groundhog, punxsutawney phil. they want to replace the mammal with robotic version for the hog holiday. can this decades old tradition potentially die? who better to ask, david asman. we know exactly who to blame for this, brainless bill de blasio. killed it. >> it was 132 years old when he killed it, according to legend. there is a fact behind all this, groundhogs live six years in the wild in captivity, they live more than twice that. 14 years old. so if peta really cared about groundhogs would want more in captivity. unless you're being handled by bill de blasio you will live a lot longer if you're in captivity. melissa: that is the problem. he dropped that one on its head. it died. remember he was -- >> they want to put in robot groundhogs. it is ridiculous.
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if you really care, peta, i'm talking to you guys if there is a brain in your head realize if you care about the life of a ground hog you want them to be in captivity. they will live twice as long. melissa: i don't know. i'm mixed on this one. anything that makes bill de blasio look bad i'm for. what is coming up on your show? >> liz warren has a plan to put people in jail for miss information. melissa: what a good idea. >> she is exact wrong messenger aboutmy information with her problems herself t may be unconstitutional. judge napolitano believes it is. you will be here to explain. you will not want to miss it. >> david, love you. connell: i saw the word groundhog with you, i knew that was de blasio segment. knew it. melissa: jerk. connell: calling oversight lax, ineffective and inconsistent. a new government report out is really slams the faa to allow a major u.s. airline to fly millions of passengers on
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aircrafts with unresolved safety concerns. we'll get into details of that story. it is quite a story. details coming next. ♪(rocky theme music) fifty-six straight, come on! that's it, left trade right trade. come on another trade, i want to see it! more! ♪ 80s-style training montage? yeah. happens all the time. ♪
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melissa: a safety risk in plain sight, new government report that southwest faye failed to me safety a top of priority and the faa did not do anything about it. >> southwest pushing back gantz that report that it flew 17 million americans on planes with unconfirmed maintenance records journal said that dot found over two years fa faa managers allowed airline to fly with unresolved safety concerns. in one respect a -- by light
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repeatedly trying to land a plane in gale-force winds, that caused it to tip the runway. audit caused faa a oversight lax and inconsistent. into thirds of faa employees raised concerns about the culture at southwest. southwest tells fox business for its part: >> i can see today how southwest stock stacked up against its comcompetitors, american and united. those two doing well, and southwest down about 2%. we reached out to faa they told
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us they will respond to office of inspector general for transportation department. melissa: thank you. connell: a fox business alert, on our big earnings story of the day. amazon surging after hours up by 12%, surged past expectations, this respect was surprisingly strong with more new subscriptions to prime than before. that earnings number $. $-- estimate of the 403 they killed it. melissa: look at that move after hours. connell: earnings per share shocked people, you are rid of me for a few days, i'm heading out to iowa, i have a plane to catch, they will have some caucuses there, but we continue
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ouswing state economy series. melissa: can you bridge the foog the food and stuff back. connell: a bushel of soybeans. melissa: i'll take it, "bulls and bears" starts now. david: jeff bezos making a lot of money tonight, shares of amazon soaring after hours, up almost 12%, that is almost 200 dollars a share, it set to open at a brand-new record high tomorrow. i am david asman happening now on "bulls and bears," markets staging a comeback with dow swinging 350 from the bhm to tho the top. what we heard this afternoon that seemed to ease investor's fears about the coronavirus, despite the cdc now confirming six cases in u.s., i

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