tv The Claman Countdown FOX Business February 3, 2020 3:00pm-4:01pm EST
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tesla, it is a straight blow up and it is a short squeeze. whether or not it is going to continue, i can't tell you. i couldn't buy it up here. i would be inclined to sell it -- charles: not an indictment necessarily of the overall market. todd, we love your wisdom and help us through the tough times. thanks a lot, buddy. over now to my friend liz claman. liz: good to be back from the super bowl. wall street is cheering, charles, what finally appears to be a turnaround in sluggish u.s. manufacturing, which just flipped from contraction to expansion. that is juicing stocks in the final hour. the dow up 187, but will all this be enough to put a dent in friday's 600 plus point slide? you've got to stay with me this whole hour. make no mistake, though, coronavirus still hovering over investors' psyche as americans stuck in china try to escape the deadly virus. the latest count, 362 deaths and 17,000 cases worldwide. 11 -- eleven of those are here in the u.s. we will check the stocks of u.s.
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businesses adjusting to the disruption in supply chains including the one stock that just might be the biggest long-term beneficiary of the outbreak. it's caucus day in iowa. we will take you to the first in the nation event which gets underway in just hours as the democratic 2020 presidential candidates criscross the state to solidify their support. and super bowl liv was a sizzling thriller, and i'm talking about the game. we know the halftime show was on fire. kansas city has not slept since last night's first championship in 50 years. neither has the pizza chain founder who got featured in the budweiser super bowl typical american commercial that's going viral. everybody's hearing this one. a fox business exclusive with the man who went from homeless to self-made millionaire, an american dream story. we're less than an hour to the closing bell on this monday. let's start the claman countdown.
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liz: breaking news, take a look at your screen. super bowl mvp patrick mahomes said he was going to go to disney world, and he did. there he is. [laughter] liz: is that minnie or mickey? mickey mouse moments ago, the kansas city quarterback celebrating in a parade down main street usa. mahomes as you know unless you're under a rock led the kansas city chiefs to their first championship since super bowl iv, 50 years ago. meanwhile, we just got super ratings from super bowl liv on fox. 102 million people watched the big game last night, and that makes it the tenth most watched super bowl game in history. we have disney and fox, the parent of fox business, both racking up points at the moment. disney up 1.8%. fox up 1 1/3% at the moment. all right.
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defense giant northrup grumman losing ground after goldman sachs. ubs's nike upgrade has the stock swooshing higher. the buy call comes as ubs sees a long runway of sales growth. how long? five years long. the stock is jumping nearly 4%. jpmorgan is lacing up nike too, adding the footwear giant to its famed focus list. groundhog day for tesla investors. you just heard charles talking about it. yep, on an absolute tear, crossing the $700 mark and not looking back, at least at the moment. crossing that 700 mark for the first time ever as analysts fall all over each other just trying to keep their price target pace up with the stock's super hot pace. today's catalyst china's top battery maker signing a supply agreement with tesla. the stock is up 16% right now, standing at $755.
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and then we have gilead science appearing to be the front-runner in this pace for the coronavirus cure. the stock is up 5 1/2%, after that first u.s. patient, according to the new england journal of medicine, in washington state, took gilead's experimental ebola drug and improved the following day from having been sickened by the coronavirus. that stock stands at $66.77. none of that softened the blow for chinese stocks. in the first day of trade, since the extended chinese new year holiday where the markets in the close there, look at this, both the shanghai and other composites plunging overnight. sort of the big board and the dow jones industrials of china. shanghai down 7 3/4 percent. investors pent up since the spread of the coronavirus pounded the sell button the minute the markets opened there. here in the u.s., in its final hour of trade, the bulls have you could say lost a little bit of momentum in the spring in their step from the early
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session, but still keeping a decent pace. at its highs of the session the dow was up nearly 375 points on the heels of much better than expected january ism manufacturing report, which indicated the anemic factory numbers we have seen lately have gone from really contracting to expanding, finally. dow is up 197. the s&p up 28. nasdaq a real champion right now up 124. even coronavirus infected stocks seem to be on the mend. just take a look at the airlines. we have green on the screen here. anywhere from half a percent to 1 1/3 percent. casino stocks also seeing gains after gambling mecca macau revenue plunged 11.3% in january due to coronavirus fears, but you have got las vegas sands, wynn, and mgm all recovering today. even mcdonald's which closed more than 300 stores in china and started screening customers is moving higher, by about 1%. look at starbucks, it is up
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1 3/4 percent after we brought you this story last week and the week before, they had to close half of their locations in china. hundreds and hundreds of stores, but starbucks finding some footing right now. let's get to our floor show traders. have investors' fears finally subsided, or are we in for choppy trading i guess depending on day-to-day headlines? >> liz, as you know, in the short-term, the market is a voting machine. in the long-term, it is a weighing machine based on fundamentals. right now we're in the thick of short-term voting machine and the emotional headlines from the different drugs. gilead has a drug so we're up today. people are positive. anecdotally people are being cured by this drug, one or two cases. there's an hiv drug where we saw over the weekend a couple people had good results with that. that's the short-term up and down. the long-term is believe it or not last week 2020 earnings estimates actually went up 10 cents from 177.41 to 177.51 so there's still a strong bid under
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this economy. people are feeling confident. today it's showing that this thing is going to get some pains, going to get worked out, whether that's a week, four weeks, eight weeks, the underlying economy. and then the back half of the year, you can have boeing step in, get that plane back on-line, add $6 to earnings and then we go from 9% growth to 12% growth. liz: tom, thank you very much. i want to get to luke. you've got a real slam on exxonmobil, and that's probably keeping the cap on what we would have seen bigger gains at least with the dow jones industrials, but we do have exxonmobil at the very bottom of the dow 30, down about $1.68 to $60.44. you know, you and i have talked about whether, you know, oil might be the new coal, but more importantly, what happens here with names like that and chevron? >> well, i think they are going to get pounded, liz. i mean, i say it every time, you and i have talked about it, we think there's a lot of oil in the world; right?
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and the other problem is that when opec talks about production cuts, it doesn't have the same effect anymore as it used to because the u.s. can pick up the supply and there's a lot of cheating, as the price of oil goes down, the producers actually have to produce more to get that same dollar amount to meet their budget. i don't think a production cut is going to work. also these stocks are going to have to come down. the value of the reserves are going to come down with the way they are priced. liz: you had oil below $50 a barrel earlier in this session, phil flynn. oil is now in a bear market. just to give the definition of that, that's 20% off the recent highs, but putting that one commodity aside, we're looking at everything in this market, and the ism manufacturing number first expansion in six months. this is a bang-up number. you know, it's a real advantage now, at least to see this. is it one off or a trend now? have we turned around in manufacturing? what are the stocks there look like? >> i think it's turned around. in fact, you know, we've been
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waiting for this turnaround for the last couple of months. and really if you look at, you know, the oil demand drop and all the things we worried about, the coronavirus, you know, look at all the steps that have been taken in the last 24 hours to counteract that; right? we have got a strong manufacturing number here in the u.s. china's taking a hit right now, but they added billions of dollars of stimulus overnight. they cut their interest rates in china. and even though things are terrible now, on the back end, when that starts to hit in, that's going to be an incredible demand boost. so really everybody has taken the steps around the globe, you know, to get ahead of this virus, and because of that, i think we're in a new trend, and you know, once we get through this, a couple days or week, i think it is going to be a great buying opportunity. liz: gentlemen, exactly, and that's what we're here for and what you are here for. we so appreciate you giving some real granularity to all that's going on in this very broad market. luke, phil, and we appreciate everybody here, and tom, thank you very much for joining us. carnival cruiselines has
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confirmed that a passenger on its diamond princess ship, this is one of its japanese ships has tested positive for coronavirus. the news has investors selling carnival and royal caribbean, but norwegian has just punched up, up about 1% at the moment. but royal is down 1/2%. carnival down 1%. let me flip it over to the opposite side here. one company may very well be the beneficiary in the long-term of all of these fears, and whether it's coronavirus, ebola or who knows what else rears its ugly head, zoom video communications up 13% on i guess you could say the expectation that even if the deadly virus subsides, businesses around the world will shift in the long-term to video conferencing solutions, like zoom to avoid health dangers that pop up or travel disruptions. for now, the focus remains on hour by hour development as the centers for disease control has confirmed in the last few hours
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a second person-to-person transmission, grady, here in the u.s. you are in chicago. give us a sense of the government's plans to protect the nation. >> as of right now, there are 11 total cases. they say the risk to the general public is still very low. i want to start with china, though, because the government there has been frantically working to try to contain this virus but it is continuing to spread at a rapid rate. take a look at this hospital. remember china said they would build it in a few days' time. ten days later there it is. the number of cases today in china, six times higher compared to just a week ago. more people have died from coronavirus in mainland china, 361, than the sars outbreak back in 2002 and 2003. you mentioned the shanghai stock exchange, just want to show you quickly, look at the dow up today compared the shanghai stock exchange. interesting to see that on the first day of trading after that long holiday break in china. but here in the u.s., there are
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11 airports that will be screening american travelers returning from china, people who have been in a province, they will be quarantined automatically for 14 days. those who have been in other parts of china will be monitored and self-quarantined. china has accused the u.s. of causing panic over this virus. but hhs secretary stands by the decision his department is making. >> we don't know what we don't know at this point, and it is very important that we not rule things out at this stage. that's why we need to keep taking prudent measures to protect the american public, while we learn more about this virus. >> and the pharmaceutical company gilead has gotten a lot of attention today. i know you just mentioned it, but the cdc also says it's working with several companies on treatments and potentially vaccines, could still be a while, though, liz, till we see those available to the public. liz: yeah, i mean, we remind people it takes years to develop
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vaccines and then test them before they can hit the market. we will be watching all of this. grady, thank you. if you get anything more, interrupt us. i always say that because we go with the flow here, folks. we tear up our run-down, our plan, if there's any breaking news. i'm so glad you are with me because the impeachment battle has just reached its 11th round, with about 47 minutes to go until the closing bell rings, the market still up. we've got the dow better by 176. look at the final jabs each side took in their closing arguments as senators now prepare to make their final decisions on president trump's future. "the claman countdown" is coming right back. hi guys. this is the chevy silverado with the world's first invisible trailer.
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everything is installed in as little as a day by a kohler-certified installe. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. liz: breaking news, chief justice john roberts just banged the gavel moments ago as house managers wrapped up their closing arguments in the impeachment trial against president trump. senators will now have unlimited time until wednesday afternoon to speak now or forever hold their peace. then wednesday at 4:00 p.m. eastern, they will cast their votes on the charges against president donald trump. edward lawrence has been watching and has the crucial moments in the final arguments
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over the last couple of hours. tell us, edward. >> yeah, liz, in fact, as you described, the official impeachment trial now concluded. this starts the debate portion of it, for the senators. that's what's going to happen between now and as you described wednesday. during these closing statements here, the democrats house managers say that the president's legal team and the president himself has obstructed the facts and have gone forward with their closing arguments. the house managers say that they made their case explaining that the president stalled and obstructed this investigation from day one. now the president's lawyers are pushing back related to this saying there are so many holes in the house managers' case, basically describing they could drive a truck through it. republican senator blackburn saying enough is enough. she says when she goes back and talks to the people of tennessee, those people she says have basically tuned the impeachment out. >> they are not talking about impeachment. they want this over with. they are happy with trade.
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they're happy with the economy. they are happy with the way the military is being rebuilt. and they want to get on with things and stop this. >> with impeachment on his mind, he was tweeting out this afternoon, saying, this, quote, where's the whistle-blower? where's the second whistle-blower? where's the informer? why did politician schiff make up my conversation with the ukrainian president? why didn't the house do its job and so much more? the big question is will he address this in the state of the union or not? what happens here now is all the senators will have their chance to talk about it between now and wednesday, and wednesday afternoon will have that vote. it looks like it could come down along party lines. we will have to see where a couple swing votes are, senator susan collins from maine as well as senator lisa murkowski from alaska and senator mitt romney depending on where they vote on this. there could be some democratic cross over, but we will have to
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wait and see. liz? liz: we will. i know you will be waiting, watching and letting our viewers know. thank you very much. the chiefs not the only ones scoring big in the super bowl. with about 41 minutes to go before the closing bell rings, we're seeing green on the screen, but look at cars.com. shares of the on-line car site surging 5, nearly 6 percent after the on-line autoretailer said its website traffic spiked 554% as automakers went all out during the big game. gm's teaser for its new hummer electric vehicle, spots from audi, gmc, hyundai, kia, toyota, jeep, and porsche, yeah, that's what all those commercials did, helped cars.com. now, up 6%, just as i started to talk to you guys about this. and budweiser also pulling at buyers' heartstrings with an ad featuring american heroes from all walks of life. up next, an exclusive interview with one of the typical
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americans featured in bud's typical american super bowl ad that's gone viral. he's the ceo and founder of champion pizza, a big smile on his face. he's here with his not so typical story at all of business success, from homeless to millionaire. "the claman countdown" coming right back. infinite "what ifs?" and contingency plans. creating funds that help target gaps in client portfolios. tap untapped potential. and strengthen confidence in you. flexshares. powered by over a century of investment expertise before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.
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people really caught us by the heartstrings. budweiser pulled at america's heartstrings during last night's super bowl commercial which profiled typical americans. you know, it was sort of that sarcastic irony who are actually extraordinary people representing the very best of america. our next guest was one of the faces featured in the commercial, and he is anything but typical. hakki akdeniz grew up in a small village in turkey, before coming to america in 2001 with just a couple hundred dollars in his pocket and a big dream, but he ended up homeless when he ran out f money. he slept in grand central station. fast forward to today, not only is he on the commercial, he's the founder and owner of seven champion pizza shops and a world champion pizza acrobatic. hakki is here in a fox business exclusive. how did it feel to be featured in a super bowl commercial? >> first of all, thank you for
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having me, amazing, blessed. liz: it is amazing what you have done. how did they find you? >> actually we had a program every wednesday night. we give -- we call it wednesday night giving back to homeless people on 34th street, 8th avenue. we have 3, 400 homeless people, and i guess they saw it on social media. we had a lot of views on instagram. i guess they saw me from there. liz: you got a lot of visual attention from being this famous pizza spinner. you won an award. we have some video of this. it is absolutely unbelievable. look at him. he sets it on fire. look at this. this is incredible. you never caught fire with your hands, but you got a little singed; right? >> yeah, sometimes. >> when you talk about giving back, what hakki did once he started to finally make some money, and you began your champion pizza chain, every wednesday night you never forgot to this day, you are the one who goes and hands out free pizza to
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the homeless. >> yeah, i mean, we shouldn't forget where we come from, and as i understand how hard it is to live on the street, what those guys are going through, when i do that, it makes me so much happy. every single day, positive energy. when i wake up, i pray, thank you god, i'm always like thankful to god because we have to be grateful for what we have. liz: absolutely. but also it is important because we talk about the american dream quite a bit here on fox business. here you are, but you came from this tiny village in turkey, but when you were young, you were already working. what was the youngest age that you began to work? >> age 9, 10. liz: 9 or 10. you were making pizza on the streets, sandwiches, trying desperately to just make a little money for your family. but when you got finally to america, via canada, you worked very hard for many years.
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the american dream just doesn't come to you, does it? tell people what it was within you that made you reach out and claw and scratch and grab for it. >> well, i mean, one thing you should never give up, and that was me, i never give up. i believe in myself. i believe in god. and i know i go through a lot of struggle and all the struggle will be temporary for me. and i just didn't give up. i did my best. i work like seven days, work like 18, 19 hours a day. i sleep in my store, on the floor, but i know it is going to pay off. liz: and it did. >> it did. liz: seven stores, you are going to open another one soon; right? >> yes, soon. liz: this guy is the living embodiment of the american dream with a little bit of crazy throwing in, the pizza spinning. hakki we love your story and love you, congratulations. >> thank you. liz: budweiser typical americans commercial. >> thanks for having me. liz: the company is champion pizza. he founded it all by himself.
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we had such an amazing time at the super bowl in miami this weekend. i mean, it started off -- we went to the official super bowl area for the fan experience. i talked to an artist about the unique helmets and these pictures that he does where he has them almost like -- [inaudible]. they take hours and hours and so original and commemorate super bowl liv. and we met denver broncos kicker and super bowl champ brandon mcmanus and his financial advisor, ceo of the doman group. he insists that all his professional athletes high net worth clients come to work as interns of his office to teach them the xs and os of investing because it is a fact that two years out of retirement, once they retire, they lose a lot of money. in fact a huge percentage of football players and professional sports stars go bankrupt. so he teaches them, and any super bowl not complete without some hobnobbing with nfl champs. i got a chance to meet marcus
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allen. listen, i watched him play at the raiders so many years ago, peyton manning, and i got to have dinner with joe montana. those guys are hilarious. they tell so many funny stories. my all time favorite quarterback, though, i have to tell you, i was so surprised when bernie kosar came up and began to show his super bowl ring to my son. he of course plays for the cleveland browns and then he got that super bowl ring when he got cut from the browns, see there's always a silver lining. he got picked up within weeks to the dallas cowboys and then troy aikman went to the super bowl 28. bernie got to play one play and he got a super bowl ring, and yes, he let me wear it. it was amazing. one of the coolest things we did was the wilson booth at the nfl experience, so they showed us how you make a game day football. it starts with two pieces of leather. then they start stitching it. it has to then be turned inside out. it is then laced. then it's put in that little
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oven. is that crazy because it then gets heated. and then of course you put it in the laser printer, and they print out the logo, and whatever you want, they put on it, and of course we wanted "the claman countdown" so they put that logo on it for us, and we're so grateful to wilson, but they did 600 of these footballs in a single day. 600 footballs, but every single professional football game, every single college game uses these balls. all right. who wants to catch it? there you go. [laughter] liz: you can find the links to all of our coverage from miami and super bowl liv at liz claman.com. we go into more detail on this. i want you to see some of these things. they are also on our facebook page and twitter @ liz claman. we're at 99,000 followers. we want to be pushed over to the edge of 100,000.
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click it. follow. do whatever you want, join the claman countdown team. we're fun and we help you make money. we're coming right back. stay with us. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain,
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liz: we have reports out that chinese officials may be looking to get some leeway or at least put off that huge promise of buying agriculture made here in the united states. you know, that was one of the big promises in the phase one trade deal, u.s. and china. china said it would fulfill pledges, but of course now what do we have? we have the coronavirus outbreak. here's what china had agreed to buy: 76 billion dollars more in u.s. goods and agriculture in year one. that's now. and that would have been starting this month, but there was a clause, that the china trade voice had said right during that signing. the clause was that china could
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reach out to the u.s. in the event that a natural disaster or other, quote, unforeseeable event were to delay it from complying with the agreement. well, you know, coronavirus is an unforeseeable event. what does that mean? are they not going to buy u.s. agriculture now? separately the coronavirus of course has been a real problem and it has a top apple analyst cutting first quarter iphone shipment forecasts by 10%, due to supply chain issues. apple is just slightly lower right now but along with deere, jpmorgan chase, micron technology and 3m, all members of the u.s. china business council. it is a private organization of 200 u.s. companies that do business with and in china. with us now is the chief, craig allen, over at the u.s. cbc. craig, let me tackle this agriculture issue. do you think that market conditions, that the coronavirus will sort of put a halt on the
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promise by the chinese to buy all of our agriculture? >> so in short, the chinese commitment was to increase purchases from the united states by about 40% in 2020 and another 40% on top of that, in 2021. liz: which was ambitious, craig. >> which is very ambitious. however, we do have the product. we have a lot of product in storage. and they do have the demand. liz: okay. >> that said, the coronavirus will slow aggregate growth in china and will have an impact on imports of chinese -- by china of american products. liz: uh-huh. >> so they do have two years. they do have the demand. they have made a commitment, and we expect them to live up to their commitment. liz: okay. time will tell on that. but tell us what your member companies are saying to you. some obviously are hit in a more outside fashion than others, because their supply chains take them through china.
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but what is the biggest concern at the moment? >> well, i think that there are many. the first is taking care of american citizens who are in china, those in wuhan -- wuhan or elsewhere. safety first. and so many of our members are looking into that and trying to ensure the safety of everyone. secondly, we don't know how long this will last, and therefore, people are doing contingency planning. if it lasts a week, will it last two weeks, will it last a month or two months? and frankly, we don't know. and then thirdly, there are disruptions already. if you want to pay your salaries or pay your taxes, you might have trouble finding people at the offices or at the bank. liz: uh-huh. >> there's a lot of really practical logistical work that has become much more difficult as a result of the virus.
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liz: a lot of people had never heard of wuhan before this happened. but wuhan is a very very big hotbed for steel manufacturing. talk about the exposure. do you have any steel or metals clients that are swooning at the moment or at least trying to deal with this? >> we have many members who have facilities in wuhan. most of them are in the machinery area or users of those steel products. and all of them are closed down for the time being. hopefully they will be able to come back relatively soon, but there's no clarity, no visibility on that, at all. and so this is a major crisis, and we mustn't be blase about this. hopefully the chinese will be able to contain it. there's no guarantees here -- liz: i think they have proven, craig, with all due respect that they can't contain it.
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it is in multiple countries. 11 people here in the united states have it. and it appears that certainly by the world health organization that they were bending over backwards to compliment the chinese when it was the chinese who underreported the numbers of people who had been sickened and 5 million people rushed out of wuhan before they could close the borders. this thing is out. >> so liz, it is important to remember that this is a new virus, of which we have no experience at all, and the chinese government is taking every measure to try and contain it, unsuccessfully thus far. i agree. liz: uh-huh. >> we have to wish them well. the u.s. government i have to say is also of the utmost seriousness here trying to keep this out of our country and doing a very very good job of that, while taking care of the safety of american citizens in wuhan and elsewhere in china. the state department deserves kudos for being very
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practical -- liz: absolutely, yeah. >> -- of taking care of american citizens. liz: and another i believe five airports added to the whole bunch of airports here in the u.s. that are doing some very serious screening and of course quarantining if anybody is in question. craig, good luck to you. keep us posted on of course all of your member companies and how they are faring, mostly those employees. thank you very much. >> thank you, liz. liz: guys, i want to say one thing, that i did hear from some airlines on the ground, when i was in miami, they have thousands of customers stuck in china who had tickets for this week to leave china, that were booked months and months ago, so the big question is, how will we get these people out? and will there be some type of, i don't know, military style evacuation? here are the airlines today. they seem to be doing well, but we will be watching this very closely. it is a headline-driven market. right now the headlines seem to be positive enough that the dow is gaining about 188 points. democrats facing their first real test of the 2020 race.
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we've got 17 minutes before the closing bell rings. up next, the top contenders on the left making their final push ahead of tonight's iowa caucus. connell mcshane live on the ground, chasing every bit of news. plus the tax plan that michael bloomberg is pitching to win over one of the bluest states of all. and have you heard of the lifestyle brand detroit versus everybody? the man who started it all, tommy walker joins my everyone talks to liz podcast. you have to hear his story, how he went from sharing the same room as his t-shirt printing machine. yeah, he lived right next to it, slept right next to it, to build it into a lifestyle brand which has turned not into a brand but a movement, uplifting his native city of detroit. his incredible story available on apple, google, fox news podcast.com and alexa.
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liz: we are just getting this breaking news, conservative radio personality rush limbaugh is announcing that he has advanced stage lung cancer. the 69-year-old told his radio listeners moments ago that he will be out for the next several days as he undergoes treatment. he will be missing some of his shows, but he will be getting that treatment, he said. michael bloomberg stumping in california today after unveiling a tax plan that he hopes will take him to the top of the democratic polls. the former new york city mayor saying as president, he would raise an estimated 5 trillion
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dollars in revenue from new tax hikes on corporations specifically and on america's 1%, of which he is a member. bloomberg also vowing to repeal president trump's 2017 tax cuts and jobs act, pushing the tax rate on higher earners, back up to 39.6% from 37%. in a clear swipe at the competition, bloomberg touted his plan as being achievable, versus more drastic calls for higher tax rates on the rich and on businesses and those have been made by senators bernie sanders and liz warren, as well as billionaire tom steyer. speaking of bloomberg's competitors, after the bell's connell mcshane has been hot on the campaign trail in iowa, where the majority of the democratic field, connell, i guess is making their last stand ahead of the caucuses. iowa is the must-win state for the nomination; right? connell: yeah, we spent all weekend with them, liz. they are. they are making that kind of closing argument. it is interesting when you go to as many as we could over the
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last few days where you see certain campaigns have a lot of energy, others are looking for, you know, experience, whatever the case may be. next hour, after the bell, which by the way is an especially jam-packed show today. we will be playing back some of what we found over the weekend in terms of talking to voters, where the energy is, and on top of all that, liz, i'm sure you know, we have a little bit of earnings at the top of the hour, when alphabet reports. very very busy hour. melissa in new york and me here in des moines. see you at the top. liz: we're looking forward to that live in iowa after the bell and fox business will have all night long a special democracy 2020 coverage, through that prism, of course, of business, the iowa caucuses. cavuto coast to coast begins at 8:00 p.m. eastern only on fox business. uber getting hailed by one of the biggest names in the street. we've got the dow up 132 points. we will get you the latest on that when we come back.
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♪. liz: six minutes to go before the chosing bell rings. markets off session highs. that is absolutely true. we're still in the green in final minutes. s&p 500 is back in positive territory for the year. all we needed to see was a gain of five points. we've got a gain of 22. grab the tissues, google definitely triggered the tears during the super bowl ad entitled, lore rhettta. the ad featured the voice of elderly man, real life grandfather asking google to remember details of his wife loretta and how she liked show tunes and her favorite flower was tulips. what will parent company alphabet highlight during the earnings call tonight? kristina partsinevelos at the
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floor of the new york stock exchange. reporter: a lot expected from the earnings coming out after the bell. the company is still seeing sales doing quite well. revenue is expected 20% higher at $46.9 billion. earnings per share is dropping. this is trend we're starting to see. sales falling earnings growing, profitable is slipping. what are we looking for the from this report? the traffic acquisition cost that google has to pay partner websites to put up google ads. we'll pay attention to detailed numbers for youtube. they're very murky, when it comes to a lot of actual numbers. we're seeing just across the terminals right now, some news that this is from market screener.com, that the justice department could be meeting tomorrow to discuss google. so that will be something too, that may come about in a conversation. any type of regulatory hurdles that google faces. compare google to just the s&p 500 over the past five years
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that climbed 250%. you're seeing that on your screen. google if you owned shares 10 years ago, alphabet is the parent, you would have seen a gain of 400%. a lot of happy people out there. it is expensive stock though. 1484 bucks. not cheap. liz: i remember when it went public. what a scene that was. kristina, thank you very much. reporter: thanks. liz: watch out for traffic acquisition costs. wedbush adding uber to its best ideas list ahead of the fourth quarter report out later this week. shares are responding very nicely here. we're up 3 and 2/3% on uber. "countdown" closer says go for the main competitor lyft. that could drive your portfolio higher. scott redler in person, in
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studio. be still our hearts. you're going long on lyft? >> yes. by the way we were involved with uber past month. i was on with kristina, we talked about you how good it looked. that had a major move. we're trying to play a sympathy move. uber announces on thursday. lyft is trading 48 1/2 dollars a share. liz: 47.99. >> i think it takes out 50, get to 54ish if they deliver on earnings. liz: if we look at the six-month chart you can see the real dip back in october. these are companies that are not going away. we try to let investor viewers know, pick up good companies going through difficult times. how do we even know that uber has sustainability when, it is such a young publicly-traded company? >> i agree with that. at this point this is really just a trade. i want to isolate something i think your investors can mcmoney with earnings. what i do with this, i go with options. i don't like to play a stock
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into binary event. if viewers want to buy 50-dollar calls for lyft earnings, didn't get caught in the ipo when it was 75 or 85, it is down 46% from those highs i think they can take advantage of this lower price, make a nice return on earnings with risk defined. options for lyft into earnings. liz: you like amazon and netflix. let's take a bigger picture discussion here. how do you advise investors on the market knowing the dow is within 3% of all-time record highs. >> you have no know your time horizon. like me, you, someone in their 30s, you can go month by month f we pull book another three, five, 10% they want to go monthly in s&p funds. even through that the financial crisis. did it two years, if they did it every single month they made a lot of money. if we dip further within the next month or so based on the coronavirus, stay the course. keep going month by month and this too shall pass.
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liz: scott is a trader by heart. [closing bell rings] follow him on twitter. he is super smart. we love him here. markets recovered some friday losses. nowhere near all of it. dow jones seeing a gain of 146. s&p is up 23. that will do it for "the claman countdown." connell: here we go. this is going to be a huge hour. stocks in the green to close, start off a new week of trading. on top of that it is caucus day here in the hawkeye state. we look at all three major averages they end the day higher ahead of iowa's first-in-the-nation caucus which will be held here this evening. now just moments from now, big business story. alphabet, parent company of google will report its quarterly earnings. you find out the numbers here before they impact the wallet tomorrow. we certainly have that. in just a few hours we have first context of 2020 election season officially kicking off. the democratic candidates make their final pitch to the voters as
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