some people say this is undem dramatic, i love the -- undemocratic, i love the democratic caucus in iowa it is fascinating. "bulls and bears" starts right now. >> shares of google parent company alphabet dropping after hours, the numbers you need to know coming up, but first to other top story. we are just a few hours away from the kickoff to the first major contest in the 2020 democrat presidential race, the first in the nation voters preparing to caucus in iowa. there is word that new rule changes could create chaos. and we're just moments away from brand-new voter annal sit -- ans from the iowa caulk yous, we're glad you can join us, this is "bulls and bears," i am david

asman, joining me is the panel. also joining us, the host of cavuto, coast-to-coast, fox business special iowa caucus coverage mr. neil cavuto. >> hey, dave. david: you just returned from iowa. democrats always complain about complexity of theti -- electoral college, what amazes me is provider of the w iowa caucuses are. this is complex. neil: truths told a little bit different for republicans, they hope to make it as transparent as they can. you of going to have first read to popular vote from those who vote for a certain candidate, even if they don't get minimum

15%, then they add up the next phase, then the delegate equivalent winners. david: you already lost he, more get it. >> this was meant to get a clear sense of who iowa voters like. it could complicate it a lot >> neil we hear there is still a large segment of iowa population that is uncommitted. did you get that sense that people would be make up their minds at last minute. neil: absolutely. in 1976, jimmy carter made this state famous but he played second to uncom fitte fit uncom. they are not expecting the same

to be registered today, but this notion there are 3 tickets out of this state of iowa. john mccain proved that wrong in 2008, when he placed fourth. it got republican nomination, but by and large for democrats to win here is to well on your way to winning the nomination. the last 4 have gone that route, only one that to make it was barack obama. but it important that it start here. >> this is steve moore, so fun to grill you for once. neil: watch it young man. >> i'm concerned. some polls suggest a bernie sanders surge. let's assume for a minute, we don't know what will happen tonight but assuming bernie sanders socialist wins, i would be worried about a stock sell-off. neil: depends on what market

focus on, you could flip that, say, if he looks like the nominee he would be the george mcgovern of this era. i did talk with a lot of folks in iowa, i was there about getting increasingly concerned about bernie sanders even with his popular support he would go the same route, there is no way of knowing, that but some have been kicking around the idea maybe we change the rules and make it more flexible for bloomberg to debate or let superdelegates who right now condition vote -- can't vote on first ballot and go ahead -- >> wait a minute. didn't they -- i was going to say didn't they do that in 2016 with hillary and bernie. neil: the idea was to prevent something like that, this guy. they might be mixing the stew again, you talk about a food fight. >> neil, as iowa as a harbinger.

everything is true until it is and everything matters until is does thdoesn't. this may be the year we look back at iowa's moment of being trendsetter may come to an end. you have bloomberg on the race, who spend a lot of money in super bowl who is not in the iowa caucus, is everyone even talking about him, sh. neil: they are talking about how he is rising and -- i love to that level, high schooler in me, that relevant issues that, but saying that, i think they know that iowa has the moments and years, on this might be one of more confusing years, there is a lot of criticism about iowa in general that it is too lilly white. this the same state that launched win of barack obama

changing history. iowans sort of recoil at that notion, but they will have a significant play, irony might be rather than winnowing the feel,, they could expand it. >> you look at plans and discussions, and all of the rhetoric that each candidate is actually launching this weekend into the caucuses. you look -- really comes down to capitalism, versus socialism, when you have a huge group of individuals that are undecided, you have independents, where are those folks going? do you think that biden is able to pull off a significant number of that, if we comes out of iowa without a win into new hampshire without a win, and hoping to make a showing in south carolina, do you he would have a chance? neil: history shows bill clinton lost iowa.

and he lost new hampshire. he did go on no get nomination and presidency. it is the rare event rather than common event, one thing that i notice about whether socialism thing or bernie sanders is too liberal. keep in mind, a lot of his core voters, certainly in 2016 -- outside mainstream they are angry. that anger is pa they would walr broken glass for this guy, a lot of republicans dismiss that to their own peril, like a lot of democrats dismiss donald trump to their own peril. i think consensus views, just like barack obama could never win iowa or this guy jimmy carter could never win anything are often proven wrong. i do it with a great deal of

humility knowing that experts, myself includes often get it wrong. david: i have to ask about impeachment, is that playing a factor at all in democratic caucuses. neil. i:it was not when i was there, they are more concerned about what happens after this. they more or less seem to acknowledge, been there, done that, move on. now they are focusing on some of the other issues. don't be surpried if they go for the wedge issues a big deal as did bloomberg about gun control, focus on entitlements and hint that president effort to rope them in will take their social security checks away. this is stuff they feel they can gain ground. i am not sure those will be the issues, but they will counter the economic story with issues like this, it did help them win back the house a couple years

ago, you never know. david: neil cavuto thank you so much. neil: thank you. >> tonight, neil's children covf iowa caucuses, 8 p.m. eastern only on fox business. and that's saving me cash with drivewise.

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plan. david: shares offafal alphabet . susan lee is standing by, breaking down the numbers for us. disappointing day for alphabet. reporter: giving back all of the gains then some. the new alphabet ceo was ceo of google for many years, but now taking over for larry page.

it was disappointing on review on sales front. speaking to the cfo on a call to us fox business, we asked her about revenue miss, she said it was a tough compare to last year, we made 40 billion in sales last 3 months last year. much more from there but it was a slight miss, with huge one -- not a huge one, coronavirus took the stop lower after hours. cfo, said that hardware services and sales might be impacts by protracted coronavirus outbreak. and we have the first one he is -- he will give us direction how he will take the company forward accord. and this a first earning report card that we have got a break out of all separate divisions,

you have google cloud revenue, and youtube. and why, at-this-point, google and alphabet propl -- trajector. the most relevant increment at data to give give -- incre incrl insight to overall business. investing. what she calls operational excellence. that we're doing. dat atrust and safety. state a g 's are looking to antitrust for google. back to you. david: hard to dismiss those regulators looking at the company, thank you. >> zach, the google depends what

do you think. >> i do think we need to acknowledge, google is one of only companies to bhe com becomn dollar company. just to acknowledge that. google is one of these moments we've done an incredible job of building a franchise, now where do we go from here. apple said we're not breaking out iphone sales they want to focus on service, google said they want to reveal cloud business and youtube, they did that. their core advertising business has plateaued. they are trying to say we have other things, the cloud business, but their cloud business. is a big number, out of 180

billion of an new billion not such a big number. and google will have to figure out is there a franchise they could ride in next 25 years, right now they have a incredible business that is flat. that is never a good thing investing land. i own the stock, it will be a challenge. david: john you can continue with kimono reference. >> the optimism to the b -block, you look at numbers, 17% jump in revenue, eps 22% increase, this is not going down. we have on focus on not 25 years, they have a 5 year 10 year outlook, you look at the other businesses there will be a lot of opportunities to cross sale, they are positioned -- >> do you own the stock. >> absolutely. >> zach, one thing you were concerned about, they don't

reveal some of the information, now they have, but also you were concerned they don't give you much guidance. hishistorically company has not given investor a since of what has come up. on this coronavirus, is this a product shuproduction chain issr demand. >> hardware. >> sources. >> not going to impact on-line ad stuff in united states, or europe or else. >> or sales -- >> right. david: is this just a bump in the road. >> you know we're talking about 5 companies now in united states that are trillion dollar companies, including apple, and you know, i find it so disturbing that all of these federal regulators, want to go after some of the greatest companies, one of lessons of this is you know, it is you can get to top of the mountain, in american and free enterprise system but i it but ain't that o

stay there. david: that makes capitalism so excited. david: michael bloomberg, out with a new tax plan, is he taking a page out of far left playbook? details of his plan coming up. r insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ hi with the world'se first invisible trailer.

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simple. easy. awesome. ♪ i'm feeing good right now some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. david: bloomberg is skipping iowa, now saying that rich don't pay enough. he wants to roll back president trump's tax cuts and target wealthy and corporationses. bloomberg said that 5 trillion dollar more he expect to raise over a decade will pay for

massive new spending on health care, infrastructure, climate change. and creating afor abl affordabl. he said, i will also pay more in taxes. but while he has his billions, will higher taxes make more difficult for other americans to get rich? >> you know, if he does not want trump tax cut he does not have to take it. he would have more credibility if he hanked that money back to treasure. so distressing about this plan, and all of the plans, there is nothing about growth, all redistribute, take from rich give to poor, that will not grow the economy, this is simply kind of robin hood, i am so disgusted, i thought that bloomberg would be kind of pro-business democrat who wanted our american businesses to succeed and small businesses to have an opportunity, he wants to raise capital gains tax, that is the seed capital that providing

money to have next level. david: even bill clinton lowers that. >> right. >> he wanted to raise draw bridge so far people cannot become billionaires this a chief stop, as mayor, bloomberg was a voice of reason in new york city, he did not want to raise taxes, he knew people would leave the stay, now we have raised taxes and they are leaving the city. i think he really sorted had it down in terms of what should happen to the wealthy, we need wealthy we need be entrepreneurs to grow the economy, he has left that behind that is too bad. >> he did same on fighting crime. ncrime. >> no question, he is resourcing his brand. >> we have 2% economic growth in u.s., that -- 2 1/2. that is right. we d do not have enough growth o

generate enough tax revenue to meet what government spends. you know better than anyone, i could argue we could have higher defcreates in ag gat ag -- withw interest rates. we stillur are under investing n future asset of united states, whether it is road, bridges or tunnels. david: capital is move, if you raise taxes on cloo capital much more. >> we want to move away from taxes, a major left wing backlash to a new dnc overall to debate requirement that would allow bloomberg to participate. here is filmmaker michel moore

complaining about the rule change at bernie sanders valley friday night. >> -- really friday night. >> the fact that dnc will not allow cory booker on the stage or julian castro on that stage, but they will allow mike bloomberg on that stage because he has a billion [bleep] dollars. david: wow, pretty dramatic. >> never thought i ul sa would y this, but i agree with moore, he sound like a baptist preacher for a second with that energy. this is undermining candidate that dropped out, you look at harris and booker. dnkrk refusencrefusedy it to ch, this is no greater example of abuse of power.

>> a candidate running for president does not have same abuse of power as president. , debate threshold set, part has to do with polling thresholds. and signatures, bloomberg is actually at will polling threshold, he is not looking for donation, nature of this rule men no self funded candidate. >> but leave it to democrat to penalize hard work. >> they did not have polling numbers. >> tom steyer was going to be self funded but he within out did the work, they have have bloomberg, voterred need to see him, he is a dise disembodied presence in the ads. if i were a democrat or bernie sanders, or elizabeth warren,y would want him on the stage. >> why do voters need to see

bloomberg. >> he will spend so much money he might be the candidate, and never have really mixed it up with his rivals. david: could democrats win without the energy of the bernie sanders crowd, without -- it may seem ridiculous to a lot of conservatives and middle of roaders, when michel moore come out with that energy people listen. >> that is what to some, at the present time cause the democrat election in 2016, bernie sanders voter felt it was stolen, i think they are playing with fire. david: all right, just coming in, right now, issues that matter most on iowa, democrats, socialism a spend too far for them? jackie deangeles with answers direct from iowa, coming up.

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when our clients do better. at fisher investments we're clearly different. david: iowa democrats giving us a first taste of that issues matter most to them, jackie deangeles with some answers of brand new voter analysis, coming into fox business. reporter: i take you through some three biggest issues we're watching. we're wait for polls to close. leading up to this, iowa democratic caucus participants told the poles what their most important issue was. they would think about. holhealthcare came in first,

climate change in second, economy and jobe jobs under thay about 12%, and foreign policy 8%, and taxes last. perhaps that climate change over economy and jobs is surprising, but something to watch. work throughout. second issue, to bring to your attention, is healthcare, change in he'll carr health care systee government plan 70% of those who were polled said they were in favor of that 30% said opposed. we're not talking about candidates, but issues. think about candidates that match up. third issue, is u.s. economic system is it fair for most americans. actually 14 personally say it is fair. and unfair, 86% say. this gives you a little bit of a reverend point.

frame of mind of some of those voters tonight. david: very interesting, jackie thank you. >> so, liz, are the socialist policies of bench ber bernie sae in tune with these numbers. >> this is interesting, these people have been hearing from bernie sanders, and li elizabeth warren who are in on single payer healthcare, they have been won over if you will. until they have a republican running against them who will say, wait a minute it will cost 20 trialion you -- trillion how would you pay for it and also this is a sign of how young maybe the crowd that is going out to vote, bernie is doing well with young voters, maybe there is some skew. >> you know this also indicates. if i may, that is a fascinating poll, i watch polls for last 10 years before donald trump was

elected, virtually every single poll, guess what issue was number one. >> economy and jobs. >> and what this is -- this is a great poll for donald trump, it tells me, people are concerned about economy because it is so good. then you move to the people only care about climate change when they have a job and a paycheck, that is fascinating. david: i want to emphasis that this is democrat, these are just democrats. >> true. david: i doubt whether they would -- 86% of them would say, economy is unfair. >> also healthcare, cost, a pro merprimary concern is a proxy ie for the economy working for you. there is no question, this is shaping to be one weird election. a unpopular president with a very strong economy, potentially facing off a mcgovern linic

like candidate bus does not represent -- >> can i interrupt. this comment that trump is unpopular, that is all media, they say it all of the time, he is in approval where obama was. it is true, there are three polls, i could site for that i am sick that sort of an accepted talking point it is not true. >> i agree. you know, there will be no better promote or of american values any capitalism than president trump, because when he gets to stage, to go against the democratic nominee, he will say, look. they want to increase your taxes, they want to drive capital away, you know what? jobs, investment, so far, and high wages that will go away, if you want to keep it if you' to keep america great you have to vote for my, i will keep jobs here in america, and also fix meepeople-- healthcare and othes if you give me the house back.

>> in popularity, donald trump has never been above 50%. >> his approval rating. >> -- i think liz absolutely has a points, you look at 2 2016 numbers, you would a the scam we election, he delivered results. >> let me defend zach for a second. david, the republican are very worried about healthcare issue. they really are. they find this to could their single number one single vulnerability. they have to come up with a free market healthcare plan. david: they did have one, they put it up for a vote it lost by one vote. that is why donald trump still, as he passed away dislikes senator mccain. >> good point. but they need to they knew they wanted to repeal obamacare but they never explained what they

were replacing it with. >> their solutions have been too complicated, one thing they have -- >> it say complicated subject. >> prescription drug prices have gone down, i am sure trump will talk about that. >> he has done a lot of different things. >> now, president trump out wherwitha dire prediction for ny pelosi, more on that can colorado congressman ken buck, joining me next. 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

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david: as trump's legal team made their final arguments, in impeachment trial, president trump making a very bold prediction saying that nancy pelosi's down fall is coming. >> i think she is a very confused and nervous woman, i don't think she wanted to do this, i think see some knew what was going to happen, her worse

nightmare will happen, i don't think she will there be too long, i think that radical left, she is sort of radical left too by the way but i think that radical left will take over. >> joining us now congressman ken buck, do you agree with president that pelosi is losing the battle with radical left. >> i believe she is part of radical left, and her days are numbered but moving impeachment forward she has sided with radical left, and helped them with a number of issues, i think she has protected her left flank from attack but in process hurt the country and hurst -- hurt democrat chance are holding on to house. >> congressman thank you for joining us, will there not be a push back or program directed at speaker and left wing of the party for putting cunl country

through this, a failed effort. >> i believe that middle something rum will push that -- spectrum will push that, i believe you will see that in iowa, but i do not believe democrat members of congress would push back on this some. >> i am old enough to remember when i believe it was 2006, she first became speaker. she was sort of left wing in the party, what is interesting to me, here we are 14 years later, she is not by some seen as reasonable voice in the room, how radical are young democrats they think she is not far enough left. >> there are a number of them, that think she is not far enough left, but i don't think that there is the number that are needed to take her out. and she has done a very good job of keeping various caucuses in line and happy so i think she

has protected herself, but bottom line, when she loses the house, then i think she will be new leadership. >> congressman, other than scoring political points by name-calling, what is it you are opposed to in terms of house care legislation, and passing usmca, there are legitimate things to engage about what it is you disagree with, instead are saying she is radical left, then others. you know -- this is a lot of name-calling without substance. >> well, number one spease of substance and people know it is impeachment, there was no reason to go through this impeachment process, no reason to hold on to articles of impeachment, no reason to not call witnesses ort republicans call witnesses, this was unfair process, it will burden for for a long time, i have sat on a judiciary committee i have seen gun bills

that are ridiculous, and bills that, resurrects equal rights amendment and other things that are favors to raddual cal -- ral left but have no place in discourse of solve be problem. >> equal rights for women and gun control are wa radical. david: the ones he is talking about. >> i am just raking t reacting to . >> equal right amendment had a clause to expire in 10 years, instead of a newmm to get it passed, to state, they did was, something that unconstitutional they said we'll extend that 10 year limit on our own and allow states to pass the amendment, that i is an know - -- >> who is likely back up quarterback that democrats would

vote to replace nancy pelosi. if the house maintains control, this november, what does next two years look like. >> it is a great question. if you look at age of democrat leadership, the leadership in the house, on democrat side, is much older than rank and file members. on democrat side. i think you will see new star rise on democrat side. in when they have to pick new leadership, i think it will be someone we are not picking out right now, certainly i'm not involved in their caucuses or strategies. but i doubt that steny hoyer will be person that steps up to take nancy pelosi's place. david: a final question about impeachment. fact some people say that bar so low now that, in fact if there is biden is elected president we have a republican congress, which is unlikely, that

combination, that he would be impeached, that is senator joanie ern. >> there is no reason to wait for that, vice president biden could be impeached now. you can hold hearings and gather evidence and move forward, but, tent o -- allegation of the corrupt shucorruption around thn family is very troubling. >> don't you think that the american people had enough of this, they would like to move forward, forgive me, you know, i think bidens have been certainly there is plenty to talk about there there is probably plenty to investigate, but i think that american people would like to see infrastructure, people move, you know having a health care program, no talk about. that are a little bit more positive for the future. >> absolutely. i think the primary role of

congress is to solve problem and move important issues forward, have you named a few, there is another role in congress that is oversight, american people have to trust their government, congress one of thosed abouts that has ability had look at past administration and current damagadministration make sure pe are acting honor ab. david: congressman ken buck thank you. >> thank you. david: state of union, what top official are telling us about the ton tone and targets of hisg speech. this is the age of expression. everyone has something to say. but in a world full of talking, shouldn't somebody be listening? so. let's talk.

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david: state of our union is secure right now, judging about a gallop poll, americans seem

happy with the economy, secure about military strength and threats to savety, and more hopeful about ric race relations than 4 years ago. should trump concentrate on the come back and leave comments about impeachment to historians. >> i would love it if trump takes stage he gives nancy pelosi the clap. that would be classic. he would not do that. in a very blunt fashion, he will possibly do something on this side, come around side, say, after tomorrow, i think we'll all be ready to go get back to america's business. he will tout trade accomplishments and the economy. david: not mention impeachment. >> not directly. he might make subtle hintses. >> it would be magnificent if

president would get up and try to extend from level of hand/olive branch/i am president of united states that includes democrats, republicans, and everyone in between. that would be you know presidential. in the most general sense of the word. it would be leadership in a way a lot of people would like. >> you were tapping your fingers. >> i went back and read last year's state of the union that is what he did. he asked democrat to go for greatness go for together working with him achieve greatness for the country, it was a billion speech -- brilliant speech, his approval ratings soared after that speech, and what did the democrats do? they turned away and purpos impd him.

>> i think you would see the same spike. david, we're old enough to remember ronald reagan, it is simple are you better off. david: reagan was such a different character, probably as transfer megatransformational ls president trump is. but just, he -- there are momentmoments when he sticks to script, they are not as exciting when he goes off script. but maybe he will stick. >> he will say things like, let's get back to in -- >> >> hand clap you are talking about. >> i think president will say, to zach's point, let's get back to business, focus on american people, not be you know, the divisive, not attack each other, let's focus on moving america forward. david: liz achievements are extraordinary.

i don't think that gallop poll is wrong. >> i have been watching today all democrats not just people in house and congress all democrat candidates everyone is -- has same for a typical democrat talking point, which is he lies, he lies,. and why? because he know he will stand up tomorrow, and talk about all of the achievements and everything, thaash koch blue -- last 3 yearl say don't pay attention to that man. david: state of union special coverage begins 8 p.m. right here fox business. all as on iowa, how n tonight's results could affect tomorrow's markets, that is next.

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♪. david: iowa voters making their voices heard in about two hours from now, the first major cycle. what could this mean for investors? liz, here is a scenario will we see market selloff in bernie sanders or elizabeth warren wins gig tonight. >> i thought neil cavuto made a good point. i think most people don't believe bernie sanders or elizabeth warren can beat donald trump. those matchups are weaker than biden. people would shrug it off, if bernie is the candidate, i think four more years of donald trump. >> i have to disagree with you, liz and neil by the way. i think markets will react to a bernie sanders win. one of two major parties voters are voting for someone who is basically a socialist who doesn't believe in the free enterprise system that is a scary thought knife to say whether or not the markets sell off tomorrow, if they do sell off, so what? in the sense market reaction

based on programmatic trading, knee-jerk reactions at hypothetical possibility something happens a year from now and stars align are not reasons to then get out of the markets. they're probably reasons to get in the market because they are complete externals have nothing to do whether apple sells a lot more iphones or disney does cool new avenger movies. >> there is no reason to sell off if bernie actually wins this. there is more uncertainty with respect to the coronavirus and market dynamics than democrat leading in iowa caucus. >> absolutely. >> i don't see this -- david: look at other scenario, liz. what happens if biden it, would be kind of a surprise if he takes it all in iowa? >> if biden were a win. it would be a surprise. it would give people sure confidence that he would be candidate. david: by your logic -- >> i think that could hurt the market worse. i know that is not conventional thinking but i think it could hurt the market.

david: steve, go ahead. >> one time liz and i disagree. having somebody at least reasonable on the economy for the democrats would be a good thing for markets. >> don't buy or sell market based on iowa caucuses. david: we have it covered no matter what the market does. see you tomorrow. take care. liz: l off and running. braise yourselves. there could be potential chaos how the democrats are reporting their results from the iowa caucus. we'll explain as democrats warn it is still a dead-heat. it is going down to the last second, right down to the wire. tensions are running high with democrats in the hawkeye state as the backlash is here. democrats thought impeachment would electrify and unify voters behind them and against the president. unify the party. all of that failed. this is the weakest democrat field since 1972. now this, democrats are attacking even booing each other, even joe biden again attacking and insulting voters. also we