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tv   Cavuto Coast to Coast  FOX Business  January 31, 2020 12:00pm-2:00pm EST

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entirely different story. >> j lo in shakira. >> that will not start until 830 or something, the halftime show. i will see, i'll give you a full report on monday morning. time is up for me, neil it is your. >> thank you very much. we have a major selloff going, we are watching it closely and iowa were the economy and the state market is front and center. at this point the dow industrial is now negative for the month. a lot of that has to do with the virus in china and now it is sickening the world market, and the latest seems to be the u.s. airlines saying we don't think it's a good idea to travel there and conversely not a lot of folks are traveling here. it's a one-two punch in the economy that can afford it right now given the backdrop of what is otherwise very good earning news coming out of most of corporate america. welcome i am neil cavuto coming to you live from des moines, iowa. of course then i the first
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judgment on the presidential context where the caulkin carcas began more than 48 hours. we are also watching the celebrate a backdrop so far is weighing on the markets. and wondering about how they spread. keep in mind as well, there is no real way to gauge what the selling pressure will be. we talk about insuperable but that's when the agent market is open including some in china that have not yet had a chance to respond to the developments with the coronavirus. in shanghai are two big marketplaces that harbor some of the world biggest financial and technology names. once they open they just sell first biker markets, we will ask questions later. that could be a backdrop that those who are bullish on the market would prefer not to see. that is coming up sunday night around halftime in the super bowl . let's get the reed on all of this who is following the collapse in oil.
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>> oil is the canary in the coal mine. they started going down because they were ground zero when it came to the virus. the demand for the airline and breaking news today on american and delta and all these not going to china. that his oil demand that will not be there. it's even bigger than that, the factories that are shut down, fear factor of people not traveling, that is terrible for energy demand, not good for stock, not bad for consumer confidence. when you're concerned about consumer confidence that has been really high and hit with a fear, people are afraid to shop, go to restaurants, go to movie theaters, that could hurt us. that's why the dow was down on the day. but we did get breaking news, oil prices came all the way back and turn higher on a breaking report that the russian energy minister agreed that they need to have an emergency opec meeting in february, february,
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tomorrow. it will be very, very quickly. the market is assuming they are trying to lay the groundwork for production cut to offset all the oil demand lost. the rumors on the floor could be as much as 500,000 barrels a day. that is a number they may need to cut just to offset the demand that is not happening. if you look at the other sectors, we see it coming back into play, urc and the vixen that is starting to go back up, flight to quality and the precious metals because of what we do not know. that is the biggest thing right now when we look at the markets, the markets are trading not so much on what we know but what we are afraid were going to find out. >> thank you very much. before we go to the next guest we want to look at what is buying in the interests, bonds, when you're nervous and don't know where the economy is going or assuming it's going to hell and handbasket, which has a bit of a stretch, you park your money in the treasury.
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right now the yield on a ten year is at a three year low what at 1.541 mortgage rates by the way, if you're looking for a silverlining, your ship is coming yet again, if you're looking to get one or refinance, that is close to three and a half year low. we want to point that out, sometimes when other markets are giving way, other markets pick up. bond market is doing now. the backdrop for all of this and the reason why we are here for the iowa caucuses, the first battleground to decide who comes next but under president for the united states print they kinda decided that donald trump holds the site of the entry there. but in the democratic party we had one more candidate drop out of the race earlier this morning, john delaney indicating that is it for him, that leaves 11. about six realistic candidates at the shot of the democratic nomination. during the same and people who
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are in and out and what the sentiment is. reporter: it is interesting because the search for bernie sanders and iowa from all that it appears to be real, the national numbers in the journal poll, we see it in the iowa numbers as well. of all the polls will show that sanders is now up three and have points plus over joe biden. then you get to mayor pete before you move on to klobuchar and good showings. but think about the candidacy for a moment, we talk about the economy and contrasted what what the former vice president joe biden has been talking about by any measure, bidens plan to send for chilean dollars plus on the course of ten years on a number of different programs would be quite ambitious. 4 trillion, sanders wants to spend $50 trillion, that is a choice that democratic voters will have on monday night. while there making the choice,
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it's worth pointing out that president trump has managed to steal the headlines from the democrats too/up on the screen, i was looking at the des moines register before coming over, it's on the front page, trump talks up trade and promises he will win iowa. that's a story of his rally in des moines. no mention at all that any democratic candidate on the front page with the exception of an ad for andrew yang at the bottom of the page. a larger point we have been talking about and are reporting whether iowa is still in presidential politics a swing state. president wanted by nine points last time around seemed confident of his chances here in 2020. the democrats have a couple of house seats in the midterm and could be close on some levels and we will focus later today on the economy. the unemployment rate here is very low, 2.7%, obviously that is great but as you know the
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farming community because of the trade war in a number showing bankruptcies among farmers went up by 20%. we have a couple of angles heading up to the steps of the capital and as soon as i finish her governor kim reynolds speaking after the show "after the bell". a special location, we will drive an hour outside of des moines to a soybean farm talk with local farmers and other business owners about the local economy and the local issues they are thinking about ahead of this not only caucus on monday night for the general election in november. across town in des moines to you right now. >> i am very impressed, they said you want to be outside or inside and i said, can stay outside, that is fine. so good job. i don't know whether it's his fault the selling crash picked up a little bit more they're down 407 points. we were negative for the month. the s&p 500 and the nasdaq are
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not there so positive for the month. anything can happen, we still have three hours left of the trading day, anything can and likely will happen. but we should also point out that we have a bid to an inverted yield curve. interest rates have gone down so much in the course of the day you're getting more for your money investing for three months then you are for ten years. normally when that happens in a happens for a long time, that's a real details there, it could be a concern, we had the inverted yield curves before. it's a latest selling noise that is out there. of course for you, it is good for you because you're buying costco down and you're looking to get a mortgage for you as well. mike is here with iowa department of agriculture secretary. a confidant of the president of the united states. secretary, you are looking at this development i'm sure what's happening with the caucuses but also what's happening with the
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economy. and concerns about the virus are pretty solid economy. >> a solid of economy, welcome to iowa, i think you made the right choice being inside versus outside. >> it's not miami but i think i made a good when. >> would you come back sometime when something is great and will take you out. >> that's right we look at the economy, president was here we had a great reception and the vice president toured yesterday. i still say iowa is a purple state. it will be a competitive race i imagine this fall. >> it was not last go around, the president one by almost ten-point. >> how do you think it goes this go around. >> if you look at the economy, i get asked what are the people in the agriculture world think about what it comes to the selection and how did they decide how to vote. armor think about a lot of different things, they are businesses, business owners and to the extent we have a business climate in a regulatory
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environment thriving and growing, they will reward the president and we have been talking a lot about trade, we have been on multiple times talking about china and usmca from a agriculture perspective over the last few weeks here in january, tears reduced with japan a phase i agreement with china, a usmca was signed into law earlier this week. >> are in a bitter that it took a while and they lost a lot of business. and the president has talked about using credits and allowances to help them out but it did not make them exactly whole. do any inventory resentment. >> i think folks typically saw the president was fighting for a better deal. if you look at china for instance, there have been issues for china nontariff barriers for years. i think most folks saw the president was fighting for a better deal. as long as they believe the better deal was possible, they will back the president. we're starting to see the strategy birther. again you signed a deal with
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usmca. for iowa, let's back up, canada, mexico, japan and china are the top for export markets. they have all been addressed in the trade deal. are we see in china purchasing at the rate that we need them to and wanted to, not yet. >> are you worried with the coronavirus that it would limit their ability. >> absolutely. that's an interesting dynamic to watch. the markets are telling us that right now. >> are there any provisions were they can't, i know there held that strict majors to make sure the chinese are delivering the goods and buying the goods. but if they can't because they slip into a recession then what. >> i think that's what phase i -- there's a lot of details we are still learning about. they cannot buy things that they don't, they should not buy things that they don't need. we have to remember that, the african swine fever has impacted the demand for corn insid soyber it has spiked the demand for
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protein, pork and poultry for that market. we need them to buy the things that they need. the good news is, we have a lot of things to send their. >> in abundance. thank you very much. as a secretary, we are talking, the dow down more than 400 points. but a lot of this is focused on the virus, the coronavirus out of china. i keep telling you a lot of people sell first and ask questions later. they don't want to go into a long weekend where the situation potentially gets worse. and the fact were looking at upwards of 10000 cases again we are seen not only in this country but at least four of the countries human to human contact, people prefer to have a position where they clean it going into a long weekend. of course we also have the situation where the chinese market sunday night leads to two big ones where they finally open. they have been closed since the 23rd of this month it will be the first opportunity to respond to all of this. the bedding is around the halftime of the super bowl they open and they sell.
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so people are not getting in the way of that more after this. ♪ this commute's been pretty rough, huh? it'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.
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your investment, i don't want you to worry about jeff bezos investment, right now he is $12 billion richer. he is worth $130 billion, he is bucking to try and tried to appreciably. that stock up $167 print north of $37 a share. you might've already reported the earnings last night, much better than expected profit. much better than expected
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revenue. it had 150 million prime customers, that is a record high most were betting on tens of millions less. he is doing quite well. as for you if you are invested in the market and the dow is the vehicle of choice for you, not so much. you are down 426-point but again the dow itself is appreciably up over the level of little more than about eight weeks ago. but down right now on the month end of the year. the s&p 500 in the nasdaq for the time being are still holding onto gains for the month. we are watching that one very closely, a lot of this is the coronavirus, nothing to do with the impeachment trial that could get wrapped up as soon as today in the senate. we will be on that a little later reporting from iowa. the first in the nation caucuses coming up in 48 hours. for democrats it's more important than you would think, not just because they're the party out of the white house but the fact that the last four iowa winners have gone on to get
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their party's nomination. not all say barack obama has gone onto the white house. but they do get the party's nomination in the process. tom joining us with real clear politics. he is the cofounder. you expected to be that way this go around. there are a couple of different ways we can interpret the iowa results, the popular vote, the delegate count, it could read the difference between the electoral vote in the popular vote in a presidential national contest. your thought? >> this race field is different. as he mentioned in the previous segment we have five candidates that have a shot of winning this thing. which is more than we have seen in the past. we are definitely seeing the split with the democratic party to get his word sorted out. i'm skeptical that the winner of this caucus will go one to win the nomination and it certainly could happen. i am very hesitant to see this race and through the lens of the past races. it feels different this time. >> we have also got the market
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backdrop in today notwithstanding, it's been a strong market, the economic backdrop despite manufacturing slowing down, a factor that allin and how this all sorts out through the battle over who gets the nomination. >> that is a great question. that is more of a general election question, democrats are trying to sort out this idea between who has the enthusiasm, you look at bernie sanders who is surging and who is ahead in iowa but about three and half points and up about eight points in new hampshire which follows eight days later. and then a guy like joe biden holding onto the national league and in south carolina but if you look at his crowds in iowa, he has mdc's, he is not leading movement or enthusiasm. he assembly tried to get by with the argument that he is the normal one, not promising
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revolution, he is promising a return to normalcy. is that going to be enough. to your point, whoever wins the nomination is going to have to contend with donald trump and the economic record. he is about 45% in the politics average in the normal job approval. he is over 55% now, and the battleground states, he is at 57, 58% approval of the economy. he is still the number one or number two issue across the board for november. that is an issue that the democrats are going to have to contend with. if the economy stays strong. has a story to tell their. neil: it is a tough one to buck. we will watch it closely. always a pleasure. what is holding the market back has nothing to do with the economy it's fears with what's happening in china with the coronavirus. the biggest seems to be the number of cases is increasing to nearly 10000.
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we have 213 reported deaths. and to that the fact that we have the first evidence in this country into others that this is more taken to a complicated type of virus. human to human contact. and just affect the airborne nature of it is scaring folks. a lot of folks. that after this. ♪ at fidelity, online u.s. stocks and etfs are commission-free. 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 while our competition continues to talk. when people ask me what makes verizon 5g different i talk about firefighters. for hundreds of years they've had to do their jobs in blinding smoke. but verizon 5g ultra wideband is built to transmit real-world data so fast,
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neil: coronavirus is getting a little bit more worrisome for health officials, many have said it's a global emergency and that comes from the world health organization, the cdc and others showing travel advisory, many are saying at a level four which is saying not only do we think it's an not good idea to go to china but you put your life in your own hands if you do.
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that is the kind of thing when companies hear that, they pack up and say we are over the spring american airlines, united airlines, a host of others cutting back or entirely eliminating flights for the entire region. when we think of china there are six major airports throughout the country that have up to 40 million passengers a year. those six major airports are told, we think it's not to travel there. they slow down, chinese shoppers slowdown, china slows down, business to the region. , i think you can play all of this out. grady trimble is following with goldman sachs and the other financial firms saying this is clearly going to have an impact on the global economy. >> more on that in a moment. i want to start with the airport in the airlines because that is where we are starting with american, they are halting service between the u.s. in mainland china starting today
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through at least march 27. we learned that in the last hour. we also heard from delta air lines who said they are suspending all flights between the u.s. and china including hong kong starting february 6. they are going to give people the chance words trying to leave china the possibility and option to do that. i will note we have been at the airport all morning and we've noticed a lot more people than usual wearing surgical masks, are not just talking about people going to parts of asia, people just taking domestic flights. >> do you normally wear a mask? >> not normally. >> why do you have one today. >> taking precautions. >> for what. >> antivirus that i do not want to take him to my family or have to deal with, the flu, coronavirus, just taking precautions. >> and united airlines is the only major airline who has so far only reduced flights not halted them entirely.
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were waiting a decision from them to see if they can cut back anymore than they already have. president trump hinted yesterday at a possible decision regarding travel either today or tomorrow although we have yet to hear anything from him and the airlines are making this decision on their own after the level four advisory from the state department. briefly i want to mention on what you touched on, goldman sachs reduced their production for quarter one by .4% from about 2% earlier projection down to 1.6%. they see this impacted the u.s. gdp as a result of fewer people going to and coming from china as well as fewer u.s. goods going to china. neil: thank you my friend, grady tribble reporting from o'hare international airport. you hear, what has got them worried right now, is that the human to human contact issue that is now become a growing medical concern. a medical issue. let's hear from doctor fisher
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over at georgetown. doctor, why is that significant? >> what is significant in the past two or three days, we have learned there has been transmission from cases that were infected while traveling from china to people in other countries particular the u.s. and germany have reported human to human transmission and in one case the house will contact, the one who is infected and traveled from china. in general the list that we got yesterday was a new piece of news, news that the virus had been transmitted from a traveler who did not have any symptoms at the time to others. in a partly transmitted between people who were a symptomatically. >> when were told about this 14 day period up to 14 days before someone who has the virus starts exhibiting symptoms of the virus, that means many that are
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in other countries without any signs at all and then suddenly start exhibiting within the next few days. i am wondering whether that's a worry and for a lot of countries and new countries yet to report that is something you're sort of not looking forward to. >> i think that we have known from sars and other outbreaks that depending on screening at airports to identify people who are traveling at an already symptomatic is not 100% sure to catch all of the cases that could be imported into a country. what these cases and reports especially from germany have highlighted that we know people have already entered countries who don't have symptoms yet. as you said it could be up to 14 days before symptoms are shown, the early data from this outbreak suggest the incubation period the time between when a person is exposed in infected
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and when they show symptoms is probably around five days. these people may have already traveled without knowing they are infected. neil: in the sars case, i want to be clear, it took a while before a vaccine became available, were told that a vaccine here could be at least a year off. i don't know what the true skinny is on that but without worry you? >> it would obviously be nice to have that tool in our toolkit to be able to stop the for the disease using a vaccine to prevent infection instead of depending on what are called nonmedical intervention things like using proper infection control, keeping people who are already infected isolated and key people who may have been exposed quarantine or separated from others. it would be great to have that tool but we will not have it for a while. neil: no we won't but thank you very much for clarifying where we stand right now. i appreciate it. in the meantime i want to take
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you to iowa, a little snowy but that is fine. pete buttigieg event going on right now, he has been pulling fairly well in the state, different ways people will interpret who wins and who does well, popular vote delegate counts. we will have more from iowa right after this. ♪ through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business.
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neil: they are trying to get the
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last campaigning and before the caucuses on monday. you are looking at pete buttigieg, he had searched significantly and pulls and has since gone back a little bit. these polls in a state like this are very problematic because it's not how you're doing the popular vote by district by district and town by town, how it's all put together, you can win the state without necessarily winning the popular vote. they will have different ways for us to see that and make it transparent. he knows that very, very well although at the university in california, he's a university of iowa professor. they keep telling me, you are the master of the bible of iowa politics. you know all the ins and outs. reliable sources. i will leave it at that. one of the things i am told that attempts to make this process clear and as transparent as
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possible. that means that you are going to have maybe potentially multiple winners monday night. can you explain how that goes customer. >> there will be three ways of determining the winner on monday night after the votes. the first vote will be simply everyone who shows up at the precinct and will cast a vote for the candidates that they support. they will organize physically and counts. that will be reported as the initial support for each candidate. then the iowa state and the national party rules for the 15% threshold kicking, candidates with less than 50% of the vote in the room must disband and the supporters of the candidate can go to another candidate or they can leave. incidentally if the undecided group makes 15%, that becomes valuable and they have to stay in a group. then after the 15% rule has been
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put into effect there will be a second vote count. that will be reported separately. what that will show is the effect of second choices. how broad is the support for a candidate compared to how intense the support might be. then the third round of event will be allocating delegates to each candidate based on a second round of voting. delegates are allocated to each precinct based on historical patterns of voter turnout in each precinct. so if a precinct has historically low turnout rates and for some reason in 2016 a bernie sanders comes along and stimulates a lot of student support and university area precincts, you may have a lot more votes cast for candidate then delegates allocated to that candidate. so because of the three different ways of counting you could extensively have as many as three different winners.
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>> the record participation in a democratic caucus in the fine state was when barack obama won in 2008 and it shattered a notion that a traditionally a white state could vote for an african-american change the mind state he could go on to lose new hampshire but he went on to win the nomination. what do you think about that in iowa it is a representative of general population. so it should not have the importance of that. >> what's important about iowa is not that it tells us who the winner is going to be but rather it tells us who the candidates who don't have a realistic chance are. they candidate to have a lot to lose in this race are the candidates in the bottom half of the pool of candidates. if they do poorly, if they don't make the 15% they will come away with no delicates and very low vote totals on the second round. neil: professor, thank you very much. i appreciate you taking the time. ed rollins you follow the stuff
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and you can remember it well, ronald reagan lost to george bush senior at the time, he was thought to be limping along to new hampshire, we know what happened after that and ultimately george bush senior one it works different ways for different parties. what do you think for this go-round. >> he did not think it was important to go to iowa and did not pay much attention to it and he lost to bush by 2000. bush went on to new hampshire three weeks later and had a big play and instantly kept them in the race and help to become the vice president. this is a state that basically is about organization, if the state where people take it seriously, i don't dismiss it at all, i've been there many times it's the hottest place in the summer and the coldest place in the winter as you may find out. but if you are not dedicated you will not turn out the 1681 precincts, 91 counties, you have to go to all 99 counties of a big world state, candidates
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spend more time in that state than any other actual retail at the end of the day only three men who won the caucus have gone on to be president. jimmy carter in 76, we are to put on the map, barack obama in 2008. in george w. bush, george h. w. bush lost when he was running for president. it is not a place that makes presidents, it's a place that can make or can destroy candidates. neil: is more known for the latter i guess. if you're not getting the momentum. i'm wondering if the surge about bernie sanders, joe biden was never expected originally to do well in this state. does it hurt him if he does not when the state. >> the bottom line he has run there twice before he got less than 1% when he ran against obama and then he dropped out. the reality is is not a natural state for him, he is kind of the alternative.
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i think if he loses this in new hampshire puts his candidacy and play. bernie sanders obviously is a candidate who has done well in the state. but the crazy system it has is the professor so well articulated, you don't have 50% you get nothing. and no delegates are picked for that, you pick delegates to go to the county process and then a thursday process. so no delegates are picked tonight. just delegates that go on and obviously it's pretrade as a media show. neil: you almost wonder why we are here. it's always fun. i don't think this is ed rollins fault but we really started sliding. as soon as he started talking, 528 points we are down. this is all about the virus, that is pretty much it, and concerns that what affects them is beginning to stick in the rest of the world. we will explain that right after this.
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neil: we have been watching all day, they're down down 467 points, i keep repeating myself but it's worth repeating, it's important i do repeat. this has nothing to do with the economy and the impeachment, everything to do with the coronavirus and how that can spillover the world economy. we are watching it from the snowy confines of iowa, the first in the nation caucuses kickoff in more than 48 hour's from now. in a very important fellow, i don't know if he is wind and dined but they all wanted his support, tom miller who ultimately decided to back joe biden. and we were talking about this during the break, and a few weeks since you committed to joe biden he had a surge in the polls. i don't know what you're doing but it's good to have you. >> very nice to be here and think serbian in iowa and giving us this attention.
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neil: i come for the state, it's delicious. why biting, quite a cast of candidates, why in the end the former vice president. >> three reasons, i believe in his character. i think he has integrity, empathy, he tries to do the right thing, secondly i think you would be a very good president particularly now in terms of trying to heal the country to the extent that we can and repair a relationship in the world and the final is, he's the most electable. probably by far. neil: what if he is not elected in the state and in new hampshire, a lot of his bets on south carolina might pan out that that's not a good start if you're 0 - 2 in crucial state. >> it's not a good start but in the situation with multiple fields and his support in south carolina and with support in nevada and a lot of support on
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super tuesday. that is something that he can make his way through. but we would still like to win iowa we have not given up on that. neil: the backdrop for the vice president seems to be that he would be fighting if you were the nominee a good economy, great markets. today notwithstanding what to say to that. >> i think voters think about a lot of different things. the economy is important. but the economy is good for people like us but a lot of people it's not good for and other considerations in terms of the presidency. where are standing in the world. there will be multiple issues that are debated and discussed in the general election. that's reflected in the current polls were biting consistently runs ahead of trump even -- >> are you surprised bernie sanders does as well. these polls don't mean anything, but nationally -- >> is polls mean a lot. [laughter] neil: bernie sanders right now,
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if he was a nominee, were hearing from a lot of the obama administration folks, they are worried that it would most guarantee a democratic defeat. do you agree with that? >> i don't necessarily agree with that but i would worry if bernie was the nominee. i think the agenda of medicare for all, free college tuition and the other things on the left has vulnerability in the general election. a good way to gauge that is with elizabeth warren. elizabeth warren came out and was ahead in iowa and ahead in the country and then they examined the medicare for all and that got to be a big issue with her and she declined. in large part because of that if the republicans focus on bernie with the same set of issues and same set of intensity, i would be worried in the general election. biden runs incredibly well and that's partly because of his relationship with the working-class people. we have lost working-class
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people that we should not. they like him and they trust him. neil: a lot of the working-class people have gone to the president. >> that is right. but i think with biden some will come back. enough of them in crucial states to make a difference. and also his ability to work across party lines. as talked about that and continue to emphasize will help in the general. neil: he is beating an image of an angry man. >> he's a nice guy at heart. he is a guy that we like and trust. neil: do you think he snaps too much. >> i don't think so. showing some fight, people like that. for now he is still your guy. >> very much so. neil: anyone of these you can support. >> yes. neil: but you do share concerns if it were bernie sanders it would be a tougher fight. >> very much so. neil: thank you very much good to see you.
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i am very happy to be here. my next guest i want to rub it in or not but i still prefer being here rather than miami for the stupid super bowl . we have john tatum, the say io and charlie gasparino who wanted a good meal. welcome to the both of you. >> thank you neil, he is the expert in everything sports and business. i want to make it clear, we probably saw you on the beach in a speedo. you are in iowa. there is a body double. neil: if i were there i would not be in a speedo. i thought that was him. >> i thought it was too. >> go ahead and rub it in. >> it is awesome here. the mood outwardly is awesome. super bowl , $7 billion is here. neil: seven and a half billion is what the networks are paying the nfl every year.
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>> were talking about a lot of money but a lot of things behind the scene going on, the nfl is gearing up with two major negotiations, both of them represent the majority of the revenue. >> the players agreement is up after this upcoming season. they have to get that done quickly. >> after that, it's with the network. that's where all the sports revenue comes from, both of those negotiations are going to be very interesting. as i said, it's a lot of money on the line, cord cutting is impacting future specs and transports revenue. is this going to be brought negotiations. >> no, i think everybody has a vested interest in growing the pie. the players want more, the league wants to generate more revenue with an extra gain potentially extend the season. i think everybody is going to get something done fairly quickly and then they get to the negotiations with people like your boss.
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>> the greatest negotiator of all times. the greatest visionary. >> when he did the nfl deal in 1994, he pretty much built the network, everybody watching the nfl programming and he and him are geniuses with going with news and sports are the two most valuable context. >> we just want to emphasize news. >> news, business it depends. [laughter] >> i looked at the amount of money that the network pays the nfl. in staggering, it is multibillion dollar contract in the era of cord cutting where people are watching stuff on this, it's a different revenue stream, less lucrative when they cut the cable script scripture. that model will be phasing out. aren't these negotiations -- isn't the nfl going to want to get aboard in the network pay less. >> i think it is going to be different. i think the value of the 256
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gains is extremely valuable content. i think what you will see is people wanting to over the top. the streaming, the aspect. directv, a few years ago they had 2 million subscribers paying $350 a pop so that's a lot of revenue. but that is not the case now. >> we will address some of these, directv and the nfl in the claimant hours. but what do you think happens, is there going to be less money available in the future for big bucks in the nfl. >> when fox joined the nfl, one of the networks came out. so the nfl does a nice job of pitting four or five potential broadcast partners to see who gets the four slots. >> what to think of the super bowl will it break records?
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>> absolutely. this is the hundredth season of the nfl, i think this game is going to be a raving hit, i think it will be a great game and i think it continues -- people say it cannot last forever. but the nfl has. it is americana, a national holiday. everybody wants off on monday. >> before we go i'm getting a rap, 49ers, casey, who do you think. >> i live in dallas with the huns, clark and norma hunt, i love them and have a lot of clients that do a lot of business with york and the 49ers. like my neighbor troy aikman, i am not calling a winner. >> i metroid aikman three year. thank you. good job. back to you. i wish you on the beach in the speedo. neil: i appreciate all of charlie's incredible hard work. please stay out of. always good seeing you.
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thank you very much. they both informed me at some football game this weekend. i will keep you posted on that and keep you posted on all the selling going on a lot of uncertainty going on but it's happening right now with the overall upmarket itself. down today, the loss is 177 points on the month. s&p 500 and the nasdaq are dodging what would be another losing month, it is still early we will see what happens. you are watching fox business. ♪ this commute's been pretty rough, huh? it'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.
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neil: welcome from iowa where we will have the caucuses going on. the first test of the democratic
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candidates to be the president of the united states. obviously republicans have their own caucus going on but the attention is on the opposition party. one more candidate dropping out john delaney. it is an important state, the last four democratic nominees for president have first one here. that goes all the way back to al gore, and john kerry, barack obama, hillary clinton. only gore and barack obama exceeded in winning the white house. but it's very, very important, the first win here. we are following that and what's happening at the big old selloff. a lot entered david with impeachment or any of that but having to do with the coronavirus in the slowdown following up, american airlines, and united airlines and delta saying to avoid the area altogether. they are cutting back is not eliminating flights to the region and giving people a few days to get the stuff together. if they want to get out of the region. more on that in a minute.
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right now to the iowa caucuses. and what is the stake for the candidates and what's at stake for the state itself. let's get hilary vaughn into this, joining us also in des moines. >> joe biden is reminding voters that the biggest difference between himself and the current iowa front-runner bernie sanders is he is a democrat and sanders is not. that is plain into the iowa caucus night strategy reminding caucus goers that he wants moderates to unify behind him even if he is not their first pick. the biden campaign is looking to build an alliance with another moderate amy klobuchar, this means a candidate has to get 15% of the vote to make it around to voting. supporters who candidate does not make the cut will have to swing their support behind someone else and biden wants klobuchar supporters to pick him for the second ballot if she does not make it. >> look, every campaign i have
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been involved in in the caucus, if your person does not win who are you going to go with. >> biden, buttigieg and warren will all be here campaigning in the state. biden campaign hard yesterday but who made the front page, the president. he was also here making the front page of the des moines register. what is interesting there's been a lot of attention on democrat running in iowa but they did not make the front page. neil: there is that. thank you very much. in the meantime let's get the reed on what's at stake. polls are meaningless until you have the final caucuses. the only thing we have to go on, the polls seem to show a sudden surge for bernie sanders. who also has his first time leading national polls since the race began. what to make of that and where all of this goes, we have the political strategist former bernie sanders campaign strategist and of course just
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get the democratic strategist and fox news contributor. read if you do not mind i would like to get your read stepping back on where you think iowa fits in with the multiple ways we can look at this. >> we basically have a car crash at the top of the pack. with joe biden and bernie sanders leading in various polls. we have five polls on the last couple of days, another big key one coming out saturday night from the des moines register that we will all pay attention to. those appear to be the front runner with buttigieg and warren coming in in the second tier two points back. neil: whoever gains, remember when john carry, it does not hold, when barack obama had that but doesn't always hold. >> no, the thing to pay attention to is not the raw numbers is a movement and trajectory. in the last of mine register poll result bernie sanders shooting to the top and this
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time we will watch whether he's growing or the attacks against him have started bringing down the numbers. one thing we noticed in a lot of polls is unfavorable ratings among democrats have started to move up and resell joe biden talking about that yesterday and making his first over attack on another arrival. >> former bernie sanders campaign staffer, i do remember that he and hilary essentially were dead even in the state. i am just wondering now whether all of the attention he is getting which can work for and against you could actually hurt him. what do you think. >> i don't think so, i was in iowa last year, it was a dead even, it is not even about that, for things go into play, they have been organizing for four years straight in iowa while the other candidates were sitting back going to fancy dinners. the second thing, they have been afraid to challenge sanders at any of the debates. they poked him a little bit but joe biden has come hard against
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voters again sanders policy. the third thing, they are terrified of sanders supporters, they are shaking in their boots every time they open up the twitter account. the fourth thing sanders campaign has consistently aggressively attacked each and every last candidate particular joe biden. they listed out a long thread on twitter going back to biden's last 30 years and instead of inviting back he crawled back in the fetal position. his numbers have dropped significantly and it's pretty much his fault, taking the high road i will not challenge anyo anyone, is pretty much open up the door even wider for senator sanders. neil: i talk to a lot on and off the record former obama confidants who are worried and like bernie sanders, it's not as bad as hillary clinton but they are worried if he were the nominee and be a mcgovern party would go down to a huge loss in the general election. how probable is that fear. >> it's very certainly among
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moderate and more establishment democrats i would say. we are running in a 2020 election with the economy hanging as strong as it is it is capitalism versus socialism and we know older voters are the ones that turn out, ernie has a tremendous support among millennial's in reverse for joe biden. with a 55 and over crowd. who shows up to vote, older voters. it will be a real pass for bernie sanders voters to stay there. our colleague was saying on "america's newsroom", what about they're down ballot. tenses are donald trump when the election. neil: does he win the state he won it handily with hillary clinton. >> i think joe biden is the best to flip the independents who might've been obama to trump voters or set it out and did not like hillary. i think that's why he is surging and has his own surge and the pole. there are a few showing him at top and will see what the des moines register says. capitalism versus socialism is a
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tough election to win for democrats that the economy is doing well and bernie sanders is openly a democratic socialist. i'm happy to see joe biden hammering the fact that he is not a democrat, down ballot matters. and through your 30 - 40 year career. neil: he might be an unstoppable force. you can see a situation where bernie sanders wins the state, wins new hampshire,. >> and wins nevada. >> that is right. all of a sudden this could change. >> it could and one of the questions i was talking to the top democratic strategist in iowa, laying out the fact, what if bernie sanders wins iowa, new hampshire and nevada. and joe biden when south carolina, then were in this super tuesday and sanders looks like he has the momentum. where do the moderate democrats go. will they stick with joe biden and hope he can ride it out or will they go the other elephant in the room mike bloomberg who
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is running massive amount of advertising. and all of the other states were sanders and biden in warren and buttigieg are not on tv because their focus. neil: i'm not the political expert any of you guys are, i'm a numbers guy, iran spe spreadsheets. , there is a possibility mathematically that no one emerges as a first ballot victor at the convention. especially giving the enforcement that they get a few delegates for 50% of the vote. you can get to a situation where michael bloomberg is on a ballot where superdelegates are involved in everything changes. what do you think of that. >> absolutely i tell you, i like to give it to you straight with no trace behind it, the bottom line is bernie sanders i don't think will be conceding regarding what the mask is you could type that in the spreadsheet that he will be moving forward through the convention. whether it's in his favor or not. but bloomberg is an alternative. people say bloomberg is skipping
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the early states, that is not true. he did not have intentions on getting into the race it was only when joe biden started failing tremendously that he felt there was a need to save the moderate democrats. i myself am not a socialist, eileen more moderate. what i thought senator sanders was good in 2016 to shake up the establishment which obviously did. bloomberg is making the rounds to make up the difference in the ground game that joe biden is clearly fumbled the ball. since were going into the super bowl , he fumbled the ball. it was biden's race to lose. he has disappointed a lot of people who were in to politics looking forward to him be more successful. neil: i like you melting in the super bowl with this. i do appreciate that. what do you think that the possibility of no one wins on the first ballot because so many people are competing for the delegates out there. >> that's definitely what mike bloomberg is hoping for.
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he is deathly hoping for that. mike bloomberg has been spending his time and also has endorsement and the argument was he would never get african-americans that has not happened because a coalition of mayors that he put together that were focused on tackling gun violence in america. you have ketone endorsements and i thought he was in a national poll in something is happening here. where is he got into the race because he was concerned about bernie sanders being the top ticket. he is taking moderate supports, they were talking about that on msnbc, the key advisor saying it turns out -- >> you are watching msnbc. >> i have never watched that network somebody told me about it. so we have to see where it goes. but bloomberg is doing a lot better than a lot of people thought that he would. neil: i want to thank you all very, very much. we will talk later about the msnbc thing. there we go. we are down about 528 points on
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the dow. this seems to be the coronavirus focus. but obviously the read on all of that with christina who is at the new york stock exchange to update us. >> a lot of this has to do with a fear of the coronavirus, there's a false report that hit their terminals that cause this a lot. overall uncertainty heading into the weekend is it growing and what does it mean for travel stocks. also the selloff with the chicago manufacture, manufacture with the midwest came out weaker than expected. that continue with a broad selloff. some of the biggest loggers today, let's focus on three, exxon mobil, it came in a lot lower than expected coming down 4%. the dow downgraded by rbc analyst because we also had soft q1 guidance. there is been a lot of softer guidance for the companies releasing earnings. yesterday they had mixed results, higher expenses. caterpillar for a second, they
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put out the earnings report, they are the world's largest equipment manufacture and they too alluded to weaker demand going into 2021. you are seeing the selloff continue without stock. let's bring on the upside, positive, amazon it continues to soar. revenue, stellar, 21%, advertisers are flocking to the site, prime membership, they made 160 million subscribers paying 119 u.s. dollars a year to keep the subscription service. that is more than netflix has around the globe. seen a lot of strengt strength r there. the richest man in the world made tons of money off of this when the stock hit yesterday $2100. it is seen highs today back in the 1 trillion-dollar market club. but overall once it is all up, january, the dow down 523 points at the moment, for the month of january there is a thing the
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market theory amongst traders called the january barometer. how january does sets precedent for the rest of the year based on historical data. what we are seeing, if the january closes today and the positive there is an 80% chance regarding to statistics at the end of the year it will and positive. right now we see the s&p barely, three tenths of a percent up to date. we will see what happens, we see the selloff down 516 points for the dow. neil: this concerns s&p, not they're down negative but the s&p. there goes the generally barometer. i want to pass along an incident that has occurred, admiral lago. where the president is heading this weekend. we know of a car that was stopped and shots fired crashing to the gate. two people are under arrest, what we are told the united states secret service and the florida highway patrol tried to initiate a traffic stop off at palm beach island involving a driver swinging wildly. the john roberts up ortiz but
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off from this attempted traffic stop. headed into the island to the boulevard near mar-a-lago. they ran the checkpoint and then proceeded along the southern boulevard. the vehicle turned onto southern boulevard and tomorrow lago, it's unclear at this point after the agency furrowin firing stopt the intention was. two people are in custody and there has been no harm to anyone at or near mar-a-lago and the president is headed there for super bowl weekend. we will have more after this. ♪ through the at&t network, edge-to-edge intelligence
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gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence.
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neil: a selloff going on the dow jones industrial negative four for the month, the big catalyst since i've been mentioning the coronavirus, that is centric on that and the idea that this will lead to a global slowdown, and might be overdone but we should say this builds up a head of steam and delta, american united have all suspended to various degrees flights into and out of china. you have goldman sachs and a host of other saying this will put a pinch on global growth. then you have a concern, but have time in the super bowl on sunday when agen asian markets t have been closed around the 23rd reopen in shanghai and trenton and that's where the biggest issues in china are trading including a lot of u.s.
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names, american depository receipts for example. they open for the first time since all of this started and that is going to lead potentially to a lot of selling as a result. we will be focusing on that and for a lot of things market this is their first chance to respond to this and that could lead to a new way, selling a lot of people don't want to have open positions exposed to that. it could be short-lived usually it is, but that is building up. we are reporting from iowa the first of the nation caucuses began in 48 hours up from now. we are watching it very closely with the american conservative union chairman from camp date advisor. on this virus thing, no one politicizing something even in the environment that would be a stretch. but the president has a task force on top of it will help china to any degree he can to deal with this, but i began
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thinking if china falls into a slowdown or worse every session, they will have a tough time making good on the promises of the deal, the china deal. what do you pick of that. >> i guess there are two ways to look at it, number one if they drop the $50 billion number which is astronomical number, there is no question they are counting on china buying a lot more american goods. but i look at the positive aspect of a recession in china. not that a recession of a positive but geopolitically we are trying to change the dynamic with china and they have been on a certain course, i think it's a course to dominate the american economy and dominate the globe. but they are beating us in many ways including the manufacturing race. i think the fact that china actually has to reconsider, whether or not the strategy is going to work in the era of trump could be a positive thing. you don't like to see an economic downturn anyway but i like the fact that nothing about
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the virus but the economic front i like the front the china has to reposition and rethink its strategy. i think america has woken up to the concern. bottom line we are related and when there is some terrible scary virus like this it does scare people in brian's people. it is something we should be sober about. neil: it puts a lot of pressure on, breaking news, see if you can respond to it, we are just learning alaska senator lisa murkowski is going to be a no vote on witnesses. having said that with lamar alexander as well a no vote on witnesses. , that seems to put the kebabs on that unless other names appear that i do not know. >> everyone was just watching murkowski, collins, alexander and mitt romney. susan collins covered that she could come out and say she was for witnesses and facing a very tough reelection site. he went out there and said he took a surprising approach from
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saying the president did all the things that the democrat said he did, it does not rise to the level of impeachment. we do not need to hear from our witnesses because the president and mick mulvaney and other people who testified like lieutenant colonel zinman laid out the case clearly and we should all move on. murkowski. >> that means they might invite tonight. >> they are saying wednesday. >> i don't know what the real skinny is on that but how would this go if there are no witnesses, if people want to argument a little more and played out. >> it appears there will be closing arguments in the senators will go into a closed session with a deliberate away from the television cameras and come to a final vote on the two articles of impeachment. they pretty much know the outcome. can i go back to the coronavirus. i want to point out in 2014 when the boulevard risk broke out in
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west africa i wrote a book about this, there was, it did become a political issue in the united states. a few months before the midterm elections, we saw a number of republican senate it candidates running advertisements talking about the ebola virus and shutting down flights and things like that. it contributed to a scary moment, that was the same summer when the islamic state became a big scary in the media headlines across the country. it contributed in part to democratic losses in the 2014 midterms. it could be a political topic come november. >> i am wondering with the china stuff notwithstanding a very strong economy, and i am just wondering is it your sense obviously the president wants to be in front of this that he's not top of that but working with the chinese and health and human services leading a task force to address it. the american people will see that as he is on top of this and i believe there was a concern at the time that barack obama was getting overwhelmed by it.
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i don't think that was nearly the case. but perception has become reality. what do you think ? >> i think for the president to put it in some political terms, when a president is under the gun and has an impeachment process going on, he has got to the best in adult to that, trump loves to fight back on impeachment, but when he looks like he is acting as a commander-in-chief or operating as president signing usmca, tackling the problems of the country, i actually thinks it takes a left political voter, the more swing loader and says you know what let the man do his job. during the clinton impeachment there was the moveon.org response. it took hold to people which we know what he did in the oval office but let him get the people's work done. there is an aspect of these very serious, i have asked me, what happens if i get the flu. it really does boot people at all ages. it's a serious thing and the president will prove to his
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benefit using all the powers at his hands doing everything we can to prevent a terrible health emergency. neil: i want to thank you and i apologize for the breaking news but again we are keeping track of that and were also keeping track of this incident outside mara lago and we will have more on that in just a second period and also lisa murkowski the latest moderate republican who was on the fence regarding the issue for witnesses, she is no one witnesses and lamar alexander sitting on that and how that bow appears the push for witnesses is over but the impeachment process is on and the trial has just resumed in washington, d.c. and will go at least 25:00 p.m. eastern time if not later. and then the back-and-forth and hearing arguments. to my guest point, it is not overpaid not by any means. we will have more after this. imagine traveling hassle-free with your golf clubs.
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neil: an update on the incident outside mar-a-lago were two individuals are under arrest, is started to be an attempt of a traffic stop and shots were fired. obviously a little panic ensued. blake berman has the latest on what happened. >> let me unpack this for a second period first off the most to partly the president and first lady are here at the white house and will be leaving for mar-a-lago later this afternoon. better security scare or incident this morning in the palm beach area.
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here's what were being told from the u.s. secret service, there was a traffic incident away from mar-a-lago, a traffic stop, the driver did not stop and when they did so afterwards they blew through one of the checkpoints, one of the several checkpoints that surrounds mar-a-lago. that raises alarms at a certain point we were told shots were fired at the vehicle. we are not entirely sure who fired the shots. you can imagine when you're talking about this area there would be potentially a lot of different restrictions and play, palmeu.s. secret service, floria highway patrol, maybe fbi and any event the situation at mar-a-lago is under wrap but her car broke the perimeter, shots were fired and were told the situation has been contained. the president is at the white house and will be out mar-a-lago later this evening. neil: thank you very much. in the meantime taking a peek at
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what's happening at the dow jones industrial. selling off 522 in half points. we have concerns about whether this escalates. we have doctor joining us right now with the disease society of america. doctor, thank you for taking the time. i am not asking what the market overreacted but a lot of people are selling first and asking questions later. they want to get the heck out of the region. which is why the airlines are cutting back flights in doing so over the next few days to give them time to do so. do you think that's an overreaction. >> it is hard to say because when you have an emerging infectious disease it will always be overreaction that the general panic that happens. when you have a virus killing people and people to understand the severity level. as we find out more and more about the viruses appearing to be less like sars not having more mortality rate but more
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transmissible. the chinese government action in quarantine 50000 people with a community spreading virus that is not quite like sars. in the beginning stages people were very worried and that's what happened and that's what we are seeing play out as we find more and more mild cases having no death outside china for example. neil: doesn't worry the cases that were getting human to human contact and no fewer than three countries and the united states among them. i believe they said there might be a vaccine in the works but it might be a year away. what do you think of that. >> definitely vaccines are the solution out of this but they don't get made very quickly. it takes years to make them, we may have clinical trials by the end of this year but it may not be necessary or ready before this virus spreads. i would not count on a vaccine.
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in a human to human spread issue, the case to happen in the u.s. was wife to husband in a household contact. this was expected based on the exposure history on the individual who contracted it from his wife. neil: we will watch closely. we appreciate that we will have more of that. the s&p market sector is down right now. all 11 are down right now. we will have more after this. ben 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.
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so when she moved in with us, a new kitchen became part of our financial plan. ♪ i want to make the most of every meal we have together. ♪ at northwestern mutual, our version of financial planning helps you live your dreams today. find a northwestern mutual advisor at nm dot com. >> miami, a big city, you have 100 year anniversary of the nfl, can you characterize the normandy of it. the biggest event in television for sure. >> is become essentially its own holiday. both teams have a history, one it has been 25 years and the other 50 years since they won a super bowl . weather here in miami or at home at the super bowl party. that's what we love.
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neil: roger, the nfl commissioner, i worked with jane skinner for many, many years and i never knew at the time -- i knew she was samuel skinner's daughter but that was jane, she never bragged about association or names, if it were me i would do so in a nanosecond but that was not jane. it is very good to be talking to you. >> nice to see you. i miss you too, i went around bragging the fact that i worked with you. that was it. i am very happy to see you again and one thing i am intrigued about, sunday now a hot property of fox nation and we are looking forward to it. but it takes a different view, something you were champing, the world of the female team owners
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who were fighting you are getting profiles. >> this all came about, i have been retired from television and film for a while. but i had the opportunity just because of rogers jobs to sit with the four incredible ladies who were all in their 80s and 90s, people might not know how many female owners of nfl team owners there are. there are a lot. the four of them have a unique perspective and they watch the industry grow virginia hollis mccaskey, she was born in 1923, her first memory of the game was in 1927. she watched it go from what was a hobby and a team he paid $100 for into what we see it is today and going to be this weekend. all four of the women have the most incredible stories of this industry and when the hundredth anniversary of the league came along i asked because somebody must be taping this and getting the stories down and it turned out nobody was. little did i know the hardest part about making the movie was
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getting the four women to say yes. really it was because i would like to say they come from a different generation what i call a generation of weed. they are still the idea of team, family and community and we are all living in the generation of we that is expected you would brag and talk about your accomplishments and post a selfie. the better part of the year to get them to sign on and understand, what they did not understand there really is an audience for their stories. in one of our four, of the kansas city chiefs is going to the super bowl and her storyline is about the chiefs, she's the only woman on the planet who has been to all until this .53 super bowls and now she is going to 54 on sunday and playing in the game. it has been a really amazing project for me too work on and it's been fun to see the project continue and we released a film
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in august and september and now here it comes back again everybody so interested because of norma's role and fox nation will be streaming it a week from monday. and i heard fox business is going to play it a couple of times coming up. we will let you know. >> it's a great story and how you got them all to get involved. it was a contingent on getting them all involved. you cannot pick them all at a time they were all in or all out. obviously they sit on franchises worth billions of dollars, how much does outweighing to their thinking and their responsible these. >> it is really interesting, i think people ask will be worse be surprised about, one of the biggest things, i think people this day and age, we think we know when the owner of an american sports team is like. i think people will be very surprised to know we went behind the scenes with these women and their families to see what their lives are really like. it's not what you expect. it is for them a family business
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and has been for decades and decades. they don't think of it, and by any stretch of the imagination that they are mobile sitting on top of the multibillion-dollar franchises. it is so ingrained in who they are, some of them from childhood have been with these teams. it is really important that people know how much they appreciate the variables to be involved in the industry and also they appreciate the players, fans, i thought i understood that going into filming it because i had spent time with them. what i came away with a new appreciation of myself of how deeply intertwined at how much they care and how deeply they care about the franchises because they're so very personal to them because they are family businesses in the end. neil: i was thinking, the unique response being women, we think about what i very well member
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when you left, we could've gone on for bigger things are done other things but you left because you wanted to be around for your twin daughters i believe at the time, maybe nine or ten. and you wanted to be around and that was something you felt important. do you think there is still disproportionate pressure on women, not only in this business but any business then we appreciate. >> what i like to say, as i'm raising daughters also and it's such an interesting and difficult time to raise boys and girls, it's not one-size-fits-all. so i worked with plenty of women who were fantastic at their jobs and fantastic mothers but it's very personal. for me i did not feel like i was being the best news reporter and best parent and best spouse to a guy who had a very busy job who required a lot. i really personally wanted to be able to say at the end of the day i did one of those jobs truly well and that was my goal so that's just what it is for
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me. i feel like sometimes culture and the media society we make it sound like it's going to be one-size-fits-all. what may work for sheryl sandberg may not work for me or may not work for someone else. so that's what i think is a lot more nuance in it. i do think there is a lot of pressure there when you're a woman. neil: a devoted mom. >> having it all mean something different to everybody. you need to have a greater understanding of that. neil: very good advice. i tell my kids, i don't know what you tell your kids, bu your mother and i are keeping everything you're getting nothing. try that and run with it. [laughter] it is great seeing you. do enjoy it. look forward to a lifetime at sunday. coming up not only on this network but fox nation. in the meantime we are focusing on what's happening halfway across the world, not the virus, something else. it would be front page news or
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lead broadcast news. cutting ties with the rest of europe. the brag that day as they are calling it let's go to london with the latest. >> hello, what better weather today before the brag that day, the independence day as the supporters call it, it does not get more british than that a party getting underway in about a little over two hours from now there is a stage set up behind me, thousands of people are coming and at 11:00 p.m. local time in london the bell will ring, you will not see big ben but a lot of people brought their own bells. as you can see in the distance, big been under construction, it does not matter when it hits 11:00 p.m. you can be sure there will be allowed cheer. a lot of very frustrated brexit that supporters fro who waited e and half years and tonight they get their wish. the story is not over, that is for sure.
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we know now boris johnson will have 11 months to negotiate another trade deal with that you you. a trade deal that will be now into the future. just when you think brexit is over, no, it is really just the beginning of the story. this is independence day. i am in the shadow of winston churchill sculpture and as i talked to varney earlier today i wonder what he would make of all of this. a lot of people walk by the statute today and they gave it a salute saying here's what, we got our independence back. we are free to make deals with anyone we want including donald trump in the united states. >> amazing, great reporting. thank you very much. ashley webster, they are celebrating their. we are not necessarily celebrating here. i was looking around at what might be causing this, the so-called fear index is a volatility index better known as
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vicks, it hit a high that we have not seen since october, the rule of thumb the more freaked out people get, the more fearful they get, the more likely to sell. that shot up again to highs a lot of people think are unsustainable. as i also like to say they sell on that and they count on that saying their fears are justified. they will come down when they feel like it. right now is not that time. stay with us you are watching fox business from iowa. ♪ 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.
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neil: we are down more than 2% on the dowd jones industrial. session lows with the dow 583 points. a major that a lot of people use, it gets too much attention because the fear index and volatility known as vicks hit the highest level it is been at since last october. and that had a lot to do selling. the higher gets this more selling in the lower the less volatility unless selling uc. right now it is a high-speed we have not seen in quite a few months and of course a big selling which started with the coronavirus gripping much of china and asia and now engulfed more than 18 countries worldwide. someone human to human contact which worries others who fear it could mushroom. we are keeping a close eye on that. in the meantime we are taking a look at how a lot of the politicians are using the key time ahead of the caucus going on in 48 hour's.
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and the money they are using, before i get to that, it is interesting to report that we just got news former new york mayor michael bloomberg has spent $200 million of his wealth on his presidential bid. that is double what we thought he had spent. $200 million, he has only been in this in a month. we will keep track of that. to you and how other candidates may be not blessed with as much joe are prioritizing think. >> it is interesting because in 2021 the tech stocks that investors are watching is a notion that they will be more regulation in the same politicians that are saying they will fight for the regulation on both sides of the aisle may be the same exact one who won't necessarily do it right now because they use the technology and they use a lot of social media to help get votes. take a listen to this.
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>> democrats and republicans agree on one thing. big tech may be getting too big. >> we have to decide as a nation whether what you do with your life is something that should be sold to companies. >> we will not let them control what we can and cannot see, read and learn from it. >> it is time to fight back. >> the irony both sides are using data collected by big tech to fuel their campaign. >> people are giving up information on who they are and what they believe in and sometimes what political parties they are associated with and when they give up the data it is giving the targeted segment approach. >> how do campaigns get the data, they pay firms to my net which raises a whole host of questions. how big tech is protecting your privacy. this data is powerful, it is valuable, you may see ads on your phone, you may get a fundraising call or you may get
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a knock on your door. but none of this is random. in using a tactic called micro- targeting, politicians are communicating with specific groups of people based on background, likes and digital footprint. >> those individuals have given facebook building out their profile. they opt into a lot of the information willingly sometimes without even knowing. >> how are tech companies responding, twitter says it will not allow ads, google is limiting the ability to target the ads in facebook let users take more control but is not outright banning the ads. whether he is on the 2020 election cycle is kicking off. when you hear candidates say they want to protect your data they could be using your data to sway your vote. we know what the issue is, the issue we are voluntarily putting the information out there, the politicians have said we need to do something about it and stepan and make sure these companies are not exploiting your data to a certain extent but at the same
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time in 2020 underway in closing the books on january, you wonder how quickly they will actually do it. neil: thank you very much. jackie deangelis, back to the corner on the big sale going on. all of it looks like the impeachment trial could be wrapping up, the quest for witnesses seem to be falling flat but it does not mean it immediately ends. it certainly does seem to be on the verge of ending the way the president has been arguing it should. with no impeachment and no fear that he has to pack up and leave the white house earlier than the general election in about nine months. in the president and his people are confident he will win. charles payne, first on the self, your thoughts. >> a few things, i know the coronavirus has been in the headlines, i'm wondering if there could be more to this. we had a manufacturing number out, that was in on th unmitigad
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disaster. after they had seen big bumps. also wednesday and thursday and today i will call them yellow flags in a consumer. when the feds said the american consumer is no longer strong but modest in yesterday with a gdp number with consumer spending 1.8% instead of 3%. and this morning we saw consumer incomes relatively flat spending higher now starting to take away from savings, i think those are the kinds of things that could be more dangerous for the long-term impact of the stock market. the coronavirus will probably be with us for several weeks but those are longer-term issues i want to dive into because often in my history in the market over 30 years i've seen were headlines cut subsequently were not the main reason why markets are acting a certain way. neil: it could exceed the cell not the reasons you cited but what's going on right now, people taking profit and had pretty heavy ones and why not
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now. >> you make a great point. i sense this week on at least a half a dozen positions to take profits. most of it because of corona but because we were sorta priced to perfection and even though we have seen a lot of stocks most of them have traded lower on these beats. we've seen good guidance with stocks at lower, the big example would be facebook and visa is another example. beating the ernie estimate, because of the run-up in some of the stocks in the overall market, we have seen flowing back. i wanted to raise some cash and going into sunday and monday we don't know what will happen except it ties markets substantially lower. neil: thank you my friend very much. i know you have your own show in a matter of minutes. we appreciate your time. just at the top of the hour the trump 2020 communication director a big surrogate in the wonderful state. good to have you.
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do you look at selloff are volatile and i hope this does not mushroom into something. >> no, not really the long-term health of the economy has been solid and strong and we believe continues to be so. the trump economy is strong and continues to grow. all of the things that we see the record low unemployment for various groups, lowest unemployment and history for women, black, latino, asians, all historic all-time lows. though a on employment in 15 years. this is the kind of thing we seen in a long time where we heard in the past people looking for jobs in this country. we have jobs looking for people. 2 million more jobs available than people looking for them. the prospect for the economy continue to be brought in a day like today, the stock market is volatile. >> let me get your read, of course you'd like to win on the
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democratic side but bernie sanders is a front runner and i go to a lot of folks to the republican party that hope it's bernie sanders because they think they can squash them like a bug. high tax agenda, government for everybody. >> there is no question that bernie sanders has been surging and he has a movement behind him, a lot of energy in his campaign. we do feel he'd be an unmitigated disaster as a president and a commander-in-chief. he revealed that during the soleimani strike where his immediate reaction was to that would be disastrous in your commander in chief. if he is, indeed, now the democrat front-runner -- neil: but do you think you would have an easier or time of him than you would joe biden? i'm not going to hasten to add that a lot of democrats thought it it would be good that it was
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donald trump because they could squash him, but what do you think? >> the issue set is knowable, and president trump beats all comers. we know that generally the candidates on the democrat side will be running on a big government socialism agenda, government takeover of health care. it's going to be free health care for illegal immigrants, an embracing of the green new deal which means elimination of fossil fuels and killing ten million jobs that goes with it and raising taxes. a tax increase on 90% of americans, and that would be a disaster. the general issues we're running against are going to be the same regardless of who the opponent is. there might be some differences around the edges depending on the personalty involved, but the president beats all comers. neil: all right. when you look at the environment right now, the economic recovery continues, the market these last few days notwithstanding, kind of stabilizes, but anything worrying? the impeachment thing seems to be going the way the president wants to see it with maybe a
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quick end. what could jar you? you could worry you? >> hard to predict what the future will hold, but i think when people ask, hey, what's it like inside the campaign, how's the president doing with regard to this impeachment as though the democrats haven't been throwing everything they possibly could since before he took the oath of office even, talking about impeaching him leading up to and including on the day he actually took the oath of office. so i think -- neil: well, you won by ten points last go around in this state. what are your predictions? >> as you said by ten points last time, a larger marin this time. and on monday, on caucus day, we're going to have a full court press fanning out across the state. neil: we shall see. thank you. very, very close to the president, particularly in this state. we should let you know by the cdc saying that 195 people have been brought back from wuhan, that's the epicenter, ground zero, if you will, in china on this whole coronavirus.
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they will be quarantined in california. this is the first federal quarantine we have seen in 50 years. we'll keep you posted on that. the dow down about 546 points. that'll do it from iowa. i'm neil cavuto, here's charles payne. charles: thank you once again. good afternoon, everyone, this is "making money." breaking as you can see, selling picking up momentum as continued worry surrounding the coronavirus is happening. but also there was a shocking collapse in the chicago area manufacturing report, and new concerns now whether the u.s. consumer can keep carrying this economy. amazon is a stellar standout in this deep sea of red with its latest earnings report pushing that company to an all-time high, its market value back over $1 trillion. we're all these markets for you the entire hour. plus, the super bowl weekend is upon us, and it will make a winner out of either the chiefs or the 49ers, but i'll tell you why it's making a loser out of mike bloomberg. all that and so much more on "making money."

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