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tv   Bulls Bears  FOX Business  January 30, 2020 5:00pm-6:00pm EST

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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., including first of person-to-person
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transmission. a live report from washington. there is our panel. we go to edward lawrence on capitol hill with the latest on that outbreak. reporter: world health organization labels this a global crisis. opens up money for to help other country with weaker healthcare systems and offer recommendations to the countries on how to limit the spread of this w.h.o. saying that china has already taken extreme measures to protect the rest of the world. 6 of the cases are here in united states, cdc has the first person-to-person transfer if the chicago area. the risk to u.s. is low according to cdc they feel they acted quickly to screen those who could spread the virus, saying there is no need for a travel ban to china, but one is already happening but airlines
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are cutting flights. >> w.h.o. does not recommend, and opposes any restrictions for travel and trader other measures against china. with the flight we may not be able to condition vicinity convince them -- convince them because? osome of the airlines say that they are not flying, it not because of the virus. but they don't have enough passengers. reporter: lawmakers here in congress got a first hand close door briefing from heads of cdc and nih, they say that cdc learned from the sars outbreak and acted aggressively, including going to the source. >> they trained a lot of people in china, and so as soon as they get in there, they will be able to analyse the situation, the
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development of a vaccine will be a shorter period of time, this is hold fashion -- old fashion public health. reporter: passengers coming from china are being screened. that perso person-to-person wasa spouse that came in. david: you heard it last night larry kudlow on our show calming virus fears for investors. >> how much are you expecting this virus to affect the economy here? >> very little, as j powell said today, minimal impact. this is the chinese pen da a pandemic it will not have a major impact on united states, i guess 2003 sars, always a lot of pessimism and so forth, but it
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virtually had no impact on our economy. david: you saw numbers turn today, despite continued concerns are investors sensing maybe worse is baked in. >> i have never seen something like this break a bull market, i could hurt and harm a bull market and pull it back, but that is about it today regardless of new support held, and am a big beliefer in watching tech stocks, they continue to act well even on this pullback. i will say this, gaming stock, energy stock, commodity stocks, a lot of travel name china names they are bearish at-this-point. it is not throw the dart time but overall i think we're good stead, i think we had 3% pullback. >> not much, gary in 2003 is sars the market pulled back about 12%. i think that kudlow was being a
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little disingenuous. they said it was a chinese pandemic okay, but you have airlines and disney and starbucks and royal caribbean, dozens of huge american companies with operations in china. there are a lot of hamburgers that mcdonald's is not selling because of this news. >> on the other hand, in larry's defense, he gets a lot of information that we don't get about what is happening with the spread of the virus, and despite headlines, believe me the headlines can be scary, his sense of calming, i think did help investors on wall street, maybe the market today. >> other thing around this and we'll know more about this virus, i don't think we're all epidemiologists, but unless this is a much more than what it is, i don't mean tens of thousands of more cases there will be. but unless it is morley that will -- low that wil -- lethal .
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these are usually good times to look at names to get in the market. it not like fundamental of a priceline, of the companies are suddenly totally different, right, this is an external shock. >> zach. there is anes an an emotional e. >> right. >> that is a reason to not get excited, this is a hiccup for a lot of the companies, for most of the companies business will be made up. not for disney, people don't come over chinese new year are not coming next month. but this is not something -- we're seeing these companies roll in strong earnings, until there is an impact on american movement, on people in the united states going from state to state, out to eat, to the movies, this -- i think larry is
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right it will not have much impact on our economy. >> let me give you 3 words you will hear, that one time charges, that is what you get out of company they say, we have a one time charge because disney shut down or the airlines, i don't think if word hiccup, but a one time thing, does not last. let's keep our fingers crossed, remember there is that word uncertainty out there, if this turns out bigger than any of us think. in that happens all bets are off, but. bull markets will not end because of something like this, it usually takes more. david: hold on, trump was just tweeting about this sort of thing, he said working closely with china, and others on coronavirus outbreak, only 5 people in u.s., all in good recovery. >> i was going to say -- i was going to sanitize my hands
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really quickly, i do that 500 times a day now. david: i am sure you do. >> i think that screening as with athroug alluded to in the , to prevent people from coming in that is a big plus, but stocks, i don't want to discount the economic elements, the stock market, despite a comeback was negative, bred o bredth was neg. >> are we advising people to go to their portfolio and pick out stocks that might be affected by virus if temporary can may not be the right thing. >> i suggest that something happens external to fundamentals of a business that including scare of a war or outbreak like -- >> zach, if disney is closed. >> let him finish. >> i'm note saying that everyone should take every dip in these, they will be fine 6 months from
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now. as in you know, disease, i am just saying unless this is significantly worse the trajectory of a lot of the companies is what it was before. david: final word. >> let's have perspective, 80 thousand people died in united states last year from the flu. we have 5 people who are sick most people who died of this terrible disease, i am not trying to undermine the u im54 important, they are elderly or a compromise immune system. >> get back to -- >> quick. >> back to fundamental side, 3.5% unemployment. 1.5 in change 10 year, a big help. david: all right, amazon is way up, more than 200 bucks a share after hours, is it the boost that market needs to turn the corner beginning tomorrow? we have all the numbers you need today.
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now that you know the truth... are you in good hands? david: amazon cashing in on christmas, surging after hours, hitting to trillion dollar market cash. on heels of a stellar holiday season. the trillion dollar mark is if they hold on to the after hours earnings tomorrow. >> they have to close there. we'll watch, this is huge move for this stock or than 11% on a monster beat in fourth quarter earnings, 6.47 in earnings, per se, on 87.4 billion in revenue, everyone focusing on services also a beat 9.95 billion. in revenues there. this is where they compete with company like microsoft, and
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subscription services a beat, huge numbers. the number of items delivered to u.s. customers with prime one day, same day service, quadrupled quarter to quarter, investors were looking at that metric, and company said more people joined prime than before over 150 million global members, they are paid membership. last time amazon saw a record close was in 2018. >> it is great for a lot of us that own the stock. >> zach, what impresses me about what happened is profit margin of company. remember for years they were not making any profit, 6.47 per share that say huge profit margin. >> so a couple things about this
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amazon lagged over past year, other big tech names and facebook solid off a -- sold off a lot, amazon within off, they should be unrelated but in market land, give than people rotate money and and out they are more connected than we think. >> and amazon is all over the place, every part is growing other than whole foods and actual retail stuff. i think only risks to amazon going forward that bigger it gets more it has a regulatory target on its back, i don't think that risk is insignificant for any of the companies. david: a good point. >> nothing to do with the trump bezos personal dynamic it goes beyond that. >> if elizabeth warren does not -- there should be a statue of jeff bezos, look what he created. >> i am sure you can buy be on
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on amazon. >> half u.s. population prime members, all innovation and logistics, they have quadrupled, i wish i owned this stock but we all benefit from the type of innovation and competition. >> i feel really good that jeff bezos is even richer than he was yesterday, he needed that. >> take that bernie sanders. >> we knew it would be a roaring quarter, because fourth quarter retail holiday sales were enormous. also there was a tremendous increase penetration of on-line selling. that is like their bailiwick. all this is good news, and to jonathon's point, amazon more than any company i can think of has changed way that americans live. david: our life and the world. >> it did, i think this is not surprising they are cashing in. >> let me give you not so great but great, not so great, company
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sandbagged their earnings, estimated were 404 they kim in 647 that was a 7 percent increase in earnings year-over-year. stock should have been up here, as it of the. they held back on number, great news, typically a breakaway gap like this tomorrow, out of 18 month range, usually start of a move, not an en of a move, i think that this probably will be high are prices in offing and amazon being a big tech internet bell weather probably carry others thing with it. >> you have to put your money where your mouth is gary are you buying it. >> i would suspect yes. david: okay. >> note 100% but i suspect yes. david: good news from amazon, and from ibm. up nearly 5% after hours, company announcing ceo ginni remety will be stepping down, and arvin krishna will be taking
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over in april. she has been there almost 40 years. >> coming up. wait until you hear dr. drew slamming adam schiff for neglecting homelessness while focusing on impeachment, we'll play his comments for you, coming next. pla for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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david: dr. drew pinski is furious about california congressman adam schiff putting impeachment above the homelessness problem in his home district. >> i think i live in schiff's district, he is asleep at the wheel, we're losing three people every day, i don't do something, 3 more people are dead in the county of los angeles. >> homelessness, 3 a day. my god, if coronavirus were kill
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3 people a day, in our country, do you not think people would be an outrage and panic. david: he has a point. schiff and other members congress neglecting their constituents their duties while they focus on impeachment? >> absolutely they are it has hurt the approval ratings of some these congressman who have nod paid attend som some a-- non to what is geeing on a going on. adam schiff has been face of impeachment and the mueller russia gate. he has lead t lied to american people on any number of occasions, he can get away with it because district is overwhelming 3 democrat, at some point people need to say to democrat business that districts under your management are in such bad shape in los angeles, san francisco, parts of new
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york, reall really folks there a thing calling accountability. >> over holidays i was at my friend's house his son who lived in l.a., i asked is it as bad as they say, he says it is worse, mason came back from franc san francisco last week visiting a friend, first thing he said, you should see how many people are out on the street, this is a sin. this is not making people, americans uhoo uhuman being not putting them in front. like schiff, what about homeless -- impeachment, who about homeless, impeachment. >> i have no dog in this particular fight in september, adam schiff, introduced a bill to addresses ha homeless crisesn southern california and affordable housing, drafted bill. not much more than one
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representative could do this within to committee this is a local problem. no one has dealt with this well -- >> this is years in the making. >> this what more what about implement you knoism,it gettingb to some extent. his job. we have a divided government in checks and balances. david: he has been doing it since the president was elected. even before he took office. >> this is -- >> is that his whole job. >> this is our system of government, but to zach's problem, homeless problem that about no nimby sudden cit -- sanctuary laws, housing restriction laws, that is issue with homeless. >> he did introduce legislation, did not go anywhere. >> his focus, folks has been
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russia gate and impeachment, scariest place to fine yourself in the world is between a camera and adam schiff, he wants air time. david: you look at what democrat mayors have been doing with homeless they have been spending money not solving the problem, you have to go to when rudy guliani was mayor of new york when there were real solutions, he did it while cuts budget. >> i care about outcome, and what someone tells me they did a bill, how long has schiff been running that district, how long has gavin newsom been running san francisco, where governor or mayor. this is going on for years and years and years, gets worse and worse, they are not making it a priority, they are not addressing problem in a to z this is a -- these are americans, they are humans, it is got to be addresses, enough is enough.
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david: all right, those who have been addresses it have been addressing it wrong way, we have it here in new york. >> that too. david: they spend money and not nixin96 fixing it. >> elizabeth warren calls for a government truth squad to put liars behind bars, even if this were constitutional, is she really the best mess e messenger this? judge andrew napolitano weighing this and a lot more, the judge is coming in a moment. t. rowe price invest with confidence.
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david: hot meat kettle, senator elizabeth warren out with a plan to punish companies that knowingly -- disseminate disinformation. a candidate has been called out about her own background said she wants to impose civil criminal penalties for those found guilty of disinformation some say that unconstitutional, others say it is scary, what say you, judge andrew napolitano. first question, who would decide what is disinformation? >> well from minute one this is unconstitutional. and you all know this line, congress shall make no law abringing the freedom of speech, clear as it be, purpose of first amendment presumes listeners
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reader, speaker makes those choices, government does not, this is dead in the water, i could not understand the construct of that statute. >> how do you put together a committee or whatever to decide that in this environment. >> given senator warren's other wishes to regular other aspects of free human bee behavior, she would appoint -- her favorite word -- a czar to be that charge. >> that is the beginning of the end, a speech czar, a truth czar. and david, to your point from elizabeth warren, she is the queen of disinformation, she plagiarized a recipe for a contribution she made to a native american cookbook, call the powwow chow.
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>> from a former harvard professor. >> i am looking up powwow chow after this. we hav laws that are enforcemen, meaning you cannot say things without consequence there are legitimate infringe am infringef unfettered speech. i am not defending this. >> your point well taken this is all civil liberty, that is the government saying this is true not true shark i -- that is soar soviet union. >> or chance part. >> which is worse. >> government that cannot stop robocalls will tell us what is true and not true. >> we have a legal framework that could enforce --
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>> obama said, you can keep your doctor if you want is someone going to prosecute him. >> hate speech is protected peach. >> are laws against hate speech unconstitutional. >> nearly all of them are. >> i want to switch gears, former trump campaign advisory carter pai page filed a lawsuit against the committee, does he have a case. >> he has a case but he sued wrong defendant, what happens to that dossier, fbi took that and presented it to a federal court, fbi and deputy of justice should be his real target. of the 4 search warrants of fisa court against him, the whole construct is know
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conunconstitutional, those -- unconstitutional, director of fbi just admitted nurs first twe wrong, and obtained on faulty behavior, he wins this suit automatically. >> i assume it is where the money is. this is a willie sutton situation, he sue -- >> show does justice department. >> that would take 40 years. and i mean. >> justice department particularly when director of fbi admitted they were wrong. >> you think that is open and shut. >> open and shut, and he wins it on a motion, but aim of damage not -- amount of damage not whether he is entitled to damage. >> let me be arbiter on that elizabeth warren thing. >> i trust you not the government. >> right. with the carter page thing, we've been hearing about this for 3 plus years, now he is like suing the government, how many times have people sued government and won. david: hold on, suing dnc not
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the government. >> i am sorry. >> where does i itt it -- go. >> whatever the dnc ki kid with hillary -- dccdid with hillly none of it mentioned him. david: does fisa survive this? you have been saying for years and years this is a badly created institution. or court. >> i think it will survive, hopeful whopefully with meaningl changes, like a defender of the constitution, a lawyer in courtroom to challenge -- >> a constitutional ombudsman who would sit be more neutral about the principle and not be the dog in the room. >> i would love that gig. >> i think that carter page like a lot of americans wants accountability, something bad
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happened. so far we've not seen anyone's head roll. >> they won't. >> you can't blame him for wanting a payday, fisa put him through hell for 3 years over nothing. david: judge andrew napolitano great to have you here. >> thank you. david: democrat say a trump acquittal in senate is not real an acquittal. does this mean they think they lost? we'll ask chad pergram he is live from capitol hill next. managing lipids like very high triglycerides, can be tough.
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david: president trump impeachment trial could be wrapping up soon, senate republicans grow confident that they will be able to stop additional witnesses from being called. so--speaker of house nancy pelo. >> he will not be acquitted, you
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can't be acquitted if you don't have a trial. >> joining us fox news congressional correspondent chad pergram, it seems they are preparing for a loss on witnesses, any say even if senate decides for acquittally,e will never be acquitted. >> this is turning the issue of with businesses on vulnerable republicans. they want to say, can you believe they didn't have a fair trial or didn't call witnesses, this is a tactic by democrat to try to tar republican senators who are vulnerable in swing states. that is really the target audience, you know break down right now in senate is 53 republican 47 senators who
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caucus with democrats, all they need to flip 4 seats, you keep hearing chuck schumer talking we just need 4 to get witnesses, democrats want witnesses but they think it is better politically for them to not have witnesses, they can use this in the election. >> this is gary kaltbaum, i have to ask a depressing question. we have not only heard some democrats intimate another impeachment hearing but say if president wins another election in november they would look to impeach again is that a possible possibility if they keep the house. >> there was a question posed a couple days ago to schiff about whether they would continue to do things right now, maybe not next year. he said we'll focus on the trial, he sidestepped that slightly.
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hoyer indicated maybe it was on the table. to try to sou -- subpoena john bolton that is still a wild card, it might enhance the chances. there are a number of other investigations that house democrats would like to pursue, looking into issues of mick mulvaney, and you know don m mc-- don mcgahn issue, there is a reason you to these investigation, one is oversight but other is politics. >> would they really wrap the trial without hearing from first hand witnesses in the room, for months g.o.p. said we have mulvaney and bolton. it tribal i know, root for your team, but if justice is your goal, this is a miscarriage of justice to not hear. >> yet jonathan house had an
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opportunity as we all know to try to get bolton to testify they decided against it, it seems chad what the senate democrats house democrats have done is use same playbook that republicans did during house investigation, which was to call it unfair and partisan and so forth. i mean, i think that american voters are just done with this, that i want to mov move on. >> no one is asking candidates about this matter what they go to their home states, are the people in congress really ready to put this to rest? >> it is about 20% of electorate, you have 40 one side, 4 the other 40 on other, , 25 cuny i25 counties in 7 states a narrow audience that is key, we should hava wrapped up tomorrow night, that is what senator told me that vote for
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witnesses is on the edge, we don't think they will call witnesses, majority leader mitch mcconnell in december put out a calendar, an 11 month calendar, he did not leave the january was blank, they don't know what they were doing he put out a calendar that started in february, if they can't collude thi -- concls senate trial tomorrow night. >> i think there is a viable possibility that a rolling set of impeachments could be on the table, if you have a democratic house, a sense that president is abusing power, for other reasons, there is absolutely nothing that will stand in the way of this being -- >> by the way, i just' to throw in a final question, we talk about republican vulnerabilities there are also democrats like senator mansion from a state where 70% of people are against
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conviction of the president. how is he going to vote? >> this is the devi devil's bar. the way this is structure the you have a gateway vote on whether or not you want witnesses that could pass, but at least senators could say, i voted for witnesses but it did not pass, but the individual question of specific witnesses, senators might vote. david: would mansion vote for or against. >> he left the door open a little bit yesterday on calling bidens, particularly hunter biden it is unclear. >> mansion is not up for reelection, doug jones is. >> can i ask you, can you have a vote on abstain? david: quick. >> you could always vote present or not show up. david: thank you. >> who is coming up on evening
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edit. >> president on the move during our hour, he is headed to a rally in iowa. we'll take you there live, this is 4 days before democratic iowa caucus. and democrat race is in chaos, according to a report. are we seeing to see a cliffhanger tomorrow? debates impeachment game changer, did the trial damage joe biden? and mistake that ad adam schiffd wannancenancy pelosi paid, and e napnancypelosi is now slamming e senate. >> i saw that. >> 2020 democrats prepare to face each other for their first big test, wait until you see the match ups between contendors and president trump. we have details on that, and
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celebrating new usmca trade deal with auto par bork workers in wish wish -- auto part workers in michigan this afternoon. it bring in 34 billion in new investment. >> we just ended a nightmare known as nafta. they -- took our jobs, for along time. they took it for along time, we now have a brand new u.s.-mix me--mexico mutual fund-canada ae different ball game. reporter: the president's victory lap is happening while the senate type of type o type l is stil.>> >> you remember the tax cut, it of the biggest tax cut of the
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country, what do they do in they impeach you? explain that one, we to have great republicans out there, they don't like it any better than you do. a disgrace to the country. reporter: president is heading here next. he is talking up his trade deal, current democratic frontrunner in iowa is bernie sanders, he is campaigning off of undoing some of the trade deals, saying on day one if he becomes president he will immediately start renegotiating usmca. i can tell you these people do not want that to happen. david: a farming state they like that deal, thank you had. >> president trump has reason to celebrate in iowa, he is leading all three of top democrat cop contenders. so does it matter which democrat wins on tuesday's caucus?
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>> well very simply it does because if biden wins it over. that is because he to not not w, in sanders wins, he keeps going, i don't think that warren has a shot, in to general election for me biden has a chance, warren and sanders have no chance of getting independents for middle, it will be socia socialism/marxm versus capitalism there is no way they can win. david: even biden loses in a head-to-head with trump. >> it does matter to answer the first question, 7 of last 10 democrat candidates won in iowa, a big momentum issue, and by the way in new hampshire, up a week later, bernie sanders also is leading, if he wins those first two caucuses, and primaries, then we go to south carolina, where he is actually making
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strides and catching up with joe biden. to gary's point, if biden wins that a big deal, if bernie win first two and does well in south carolina he has a good shot of winning the nomination. >> the fact that we're asking the question indicative of answer, yes, but this an unusual primary that everyone is talking about there no clear front run ir, there is a money issue for biden, an electability issue for warren and sanders, then bloomberg, which may be a total long shot but she is also rapidly gaining momentum in polls, he spend 200 million on ads, he will spend another billion before all said and conditiodone. we could be in for some up charted territory that's is a good thing, the idea w.h.o. twol states should define for the country. >> amazing sanders has this momentum, we has 60% chance of
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winning in iowa, he has momentum, not hard to understand why. bernie is idealistic, he is really a socialist. given collectivism and socialism so wide spread in america right now, it sad does not surprising. david: you say he is the real thing but he has millions of dollars, peter swiesesse schwein tell you how he got it. david: super bowl ticket hits record highs, why go anywhere? you can catch the super bowl in the luxury of your own warm home, right here on fox. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools
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♪. david: ticket price for
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super bowl liv are skyrocketing. average resale price for tickets at sunday's became hard rock stadium, sunny warm miami. 7,000 bucks. a lot of people say why pay so much. you're in florida, in orlando. you might by a ticket what is your price, quickly? >> not that. if my giants are not playing there is no chance. if somebody wants to sell me a ticket for two, maybe i go. i'm sitting home on fox. david: 2000. jonathan. >> on my barcalounger watching it on fox. maybe if moses and guess -- gisele bundchen were playing topless? >> i'm speechless with jonathan's comment. immensely fun thing to do, if you have opportunity to do it once in your life. david: how much would you pay? >> i would pay a lot. >> come on, $7,000. >> on fox, i can eat whatever i
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want to eat. it will be much, it will be super day, super fun. david: super lounger. gang, that does it for "bulls & bears." wherever you see the game, enjoy it. see you here next time. liz: the president on the move this hour. he is heading to a rally in des moines, iowa. we'll take you there live. the president is taking the fight right to the democrats. he is doing this four days before the democrats iowa caucus. it is official, the democrat race is in chaos according to "the cook political report" and it is the weakest field of candidates since 1972. tonight the friday cliffhanger, could it happen tomorrow? potential acquittal on partisan impeachment of the president. even democrats reportedly starting to peel away. tonight the trial game-changer that could have swayed it toward the president. did the trial damage joe biden? mistakes adam schiff and nancy pelosi made as now even

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