"strange inheritance," and remember -- you can't take it with you. had. cheryl: icheryl: it is a 5:00n unprecedented delay in iowa, turning the caucuses into chaos, the results not expected until later today. still, all the 2020 candidates declared victory. lauren: the state of the union just hours away. president trump's booming economy is expected to be front and center but what else can we expect from the president's great american comeback address tonight. cheryl: and disney betting big on the new streaming service but will streaming pay off for the house of mouse? well, it is a busy tuesday, it's february 4th. "fbn: a.m." starts right now. ♪

♪ suddenly i see. ♪ this is how what i want to be. ♪ suddenly i see. ♪ why the hell does it mean so much to me. lauren: welcome to "fbn: a.m.." good morning, i'll lauren simonetti. cheryl: a lot of buzz about what we're not seeing this morning. good morning, everyone. i'm cheryl casone. lauren: you picked a busy tuesday to come back to the studio. cheryl: right back in it. let's go. lauren: it's a good day if you're looking at your money. the dow is up 310 points, building on the 143 point rally yesterday. s&p up 37, nasdaq up 118, all 1.1 plus percent. it could be because the dems are in disarray. the market is interpreting that as a positive. cheryl: let's take a look at oil. it dipped into bear market territory yesterday. worries about the spread of the coronavirus hitting the global markets. goldman sachs seeing a potential

shock, what we're seeing a reversal. you are seeing oil up 1 and-a-half percent. the volatility has been sending the price of gasoline down. the average gallon, $2.46 in this country, a little bit of a positive for the american consumer. lauren: let's take a look at stocks in asia of. the shanghai recovering somewhat, down a quarter of 1%. the hang seng is also down this morning a quarter of 1%. hong kong has confirmed their first coronavirus death. cheryl: let's take a look at asia in particular. let's look at the freedom that the brits are enjoying this morning, brexit is official, it's over. ftse 100 up more than 2%. we're going to be watching that market for quite some time. cac in paris up almost 1 and a quarter percent, the dax up more than 1%. well, our top story, it's incredible, the polls are closed but the caucuses in iowa have not been called. the democrats now demanding an explanation as there was a huge he delay that's preventing any

winner from being declared there. lauren: lets' go to griff jenkins, hes is in des moines with the very latest. griff, good morning. >> reporter: good morning, lauren and cheryl. certainly not the night that the iowa democrat party officials had hoped for, maybe the longest in their history, it appears a you new app to record results failed and the backup telephone system not delivering either. you can see the lights on here at the democrat party headquarters but no one is home. they've gone offsite to do the results. it was a long night. we had a conference call in the dead of night from troy price, the chairman of the idp. he says it's not about malfeasance but it will take longer. here's a little bit of the conference call. >> t at this point, the idp is manually verifying all precinct results. we expect to have numbers to report later today. we want to emphasize that this is a reporting issue, not a hack or an intrusion. we are updating campaigns and we

will continue to provide updates as they are available. >> reporter: so when later today we'll get those results is anybody's guess. obviously going to take a long time. there's more than 1600 precincts that had to be manually tabulated and they've got to get it exactly right. meanwhile, the candidates expressing not only confidence but the fact that they've moved on to new hampshire. watch. >> let's stay happy and let's head to new hampshire. thank you, iowa. >> now it is on to new hampshire, h nevada, south carolina, california. >> we take our message onward to new hampshire, which has a way of making up its own mind. >> east to new hampshire and west to no have an nevada and dh carolina. >> on to new hampshire. >> reporter: there's three sets of data thats was recorded this time as opposed to just one

figure. who knows, we're going to learn more throughout the morning. we'll bring it to you when and if we get that. there's 41 delegates up for grabs here of the 1,191 the no, ma'am he knee will need to get. this is -- the nominee will need to get. what happens here ultimately does matter. lauren, cheryl. lauren: it sure does. griff, thank you very much. all of this certainly benefiting president trump. the great american comeback will be the theme for his state of the union address tonight where the president will focus on his accomplishments. cheryl: ray bogen is live in washington with more. this gives a lot of fodder for the president to use tonight when he addresses the nation. >> reporter: that's right, cheryl and lauren. good morning to you. from a rainy washington, d.c., the president is expected to take an optimistic tone in his speech, themed the great american comeback, according to a senior administration official who says president trump is going to be focusing on military and economic strength in

addition to healthcare. now, here are five things you can listen for, according to the white house. one, the blue collar boom. supporting working families, lowering the cost of healthcare, safe and legal immigration system, and protecting national security. >> any thought to delay the state of the union? >> no, we're going to talk about the you achievements that we've made. nobody's made achievements like we've made, so many different things. i'm so proud what we've done for our vets. we have accountability where we can take care of our vets, where we get rid of people that aren't taking care of our vets smew while we know some of the subjects the president will discuss, it's unclear if he's going to talk about impeachment. the senior white house official would not give any clues but tomorrow the senate will likely vote to acquit the president of the charges against him in a trial senators have called rushed and unfair. >> the house could have pursued

censure and not immediately jumped to the remedy of last resort. i cannot vote to convict. >> reporter: now, the white house has announced two of their guests, one will be tony rankin, an afghanistan veteran who suffered from ptsd. he then became addicted to drugs and went to prison. he now works in an economic opportunity zone in cincinnati, ohio. in addition, we will have the deputy chief of the u.s. border patrol, rul raul or tees in ortn attendance, gri gretchen whitmer will deliver the response. it is expected to last about 11 minutes. the president will arrive to the capitol building around 9:00 p.m. eastern tonight. he'll begin his speech soon after that. cheryl and lauren, back to you. cheryl: ra ray bogen, thank u

for that live report. president trump's defense team and the house managers will be making closing arguments in the senate impeachment trial. lauren: jillian turner is on capitol hill to break it down for us ahead of tomorrow's acquittal vote. jillian, good morning. >> reporter: good morning. both sides presented closing arrestingments yesterday. they had four hours to do so. not a whole lot of time compared to the eight hours that each side had last week to lay out the nuts and bolts of their case. the president's defense team used their time to drive home the point that the decision about president trump's dealings with ukraine should have been left up to voters all along. take a listen. >> stand firm today and protect the will of the american people and their votes, stand firm and protect our nation. >> the only appropriate result here is to acquit the president and to leave it to the voters to choose their president. >> reporter: house managers in stark contrast used their time to make a last ditch effort to convince senators who do appear

lined up to acquit president trump tomorrow, that they could still change their minds. >> if you find the courage to stand up to him, to speak the awful truth to his rank falsehood, your place will be among the davids who took on goliath. >> reporter: some more moderate democrats laid out what could be a third way, a path to accept acquittal but not exonerate president trump either. take a listen. >> censure would allow this body to unite across party lines and as an equal branch of government to formally denounce the president's actions and hold him accountable. >> reporter: something that might come as a surprise, based on all the moaning about the trial we've seen on social media and in the news, according to a brand-new fox news poll, vast majority of americans polled, 78%, believe things has all been worth it. picking up this morning at 9:30, senators will have up to 10 minutes to say are pretty much

whatever they want on the senate floor about president trump, about this impeachment trial. they'll go on doing this today into tomorrow until the final vote happens, just after 4:00 p.m. eastern time. lauren and cheryl. lauren: jillian turner, thank you very much. let's update you on the coronavirus, the first person diagnosed in the u.s. is out of the hospital. the man will remain isolated in his home in where ton state. the cdc defending its aggressive actions to stop the deadly virus from spreading including a travel advisory in china. cheryl: hong kong is reporting their first death there. hospital workers are on strike, demanding the city's borders be shut off from mainland china. a company is electricityin testa possible treatment for the virus. lauren: let's get to some other headlines making news. rush limbaugh has been diagnosed with advanced lung cancer. he made the announcement to his

listeners yesterday. he began experiencing shortness of breath last month. it will keep him off the air some days a as he undergrows treatment. boeing is being expected by the fcc after crash of the 737 max. they cannot estimate possible losses from lawsuits and investigations. the kansas city chiefs returning home last night after winning super bowl liv, fans preparing for a victory parade that will be tomorrow. schools canceling classes ahead of the celebration, declaring a red snow day so students can attend. andy reid will celebrate with a trip to the white house while president trump has not yet extended an invitation to the team, the chief's coach said it woulwould an honor to visit the white house. 102 million people tuned into the chiefs and 49ers matchup, make it the tenth most watched championship game in nfl

history. last year's game only drew 98.1 million. and finally, this guy caught snoozing during the super bowl has an alleged complex to hillary clinton -- connection to hillary clinton. reports identify him as an irish born ceo. he's the founder of tenioa which is a clinton tied firm. cheryl: kind of an expensive nap. as 2020 democrats put des moines in their rear view mirrors, how worried should president trump be about bernie sanders. lauren: football and beer usually go hand in hand but not this year. we have a new survey which may have the beer industry reaching for a cold one. keep it here on "fbn: a.m." ♪ sit right here and have another beer in mexico. ♪ do my best to waste another --

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to restocking shelves on demand, without getting in your way. ♪ ♪ lauren: there are still no results from the democratic caucuses in iowand a it is being blamed on an app. cheryl: when technology might go wrong. let's bring in tech expert, brett larson. let's talk about this app, brett. what happened? >> there were inconsistencies in what was being delivered. we heard reports early in the evening that people were having a hard time downloading the app. to me, it sounds like it was probably a mix of operator error in terms of people using an app for a first time, it sounds like they developed the app about two

months ago so it's a fast start to finish process. you want to go through a lot of quality assurance, make sure everything works. it sounds like on the back end of this -- this is an app counting data from multiple users. it probably didn't have enough server space, maybe they didn't allocate enough band wit the bao the issue. as the results come in, it probably overwhelmed. lauren: is anyone else using this app? >> not so far. they were talking about using it in no have da. cheryl:nevada.cheryl: that may. >> it was hired by acronym, the democratic political action committee that reached out to pay these people to do both the website and the app. not a case of hacking. we can set that aside. this was not the issue. although that was an issue going in, people were concerned, hey, we don't want our ballots electronically captured with an app. that leaves the door open for

hackers. lauren: good thing for the paper ballots. brett larson, thank you very much. cheryl: you can a lot more of this stories, fox news headlines, 24/7, sirius xm channel 115. well, as we continue to wait for the results from the iowa caucus, where do the candidates stand now and who has the most momentum and should the trump campaign take bernie sanders a little more seriously. let's bring in jack kingston and wendy wallace of. i want to pick up on something brett said, this is an app funded by the democratic party, the same party that wants to manage and run health care in this country. what's your reaction to this debacle in iowa? >> i think we can definitely say that part of what happened in iowa has to do with the a amount of enthusiasm that voters have to get out there and start to really be supportive of their candidates after what has already been a year's worth of campaigning. they know they have a lot of

really great p options. and anyone who ems out of -- emerges out of this primary will be focused on all the issues voters care about from healthcare, to education, to jobs, and so this is the first in a multistep process to he help us narrow in on that nomination. cheryl: the process, i have to point back to chaos. i want to bring jack in. i'm sorry, this has got to be an embarrassment here. there's a lot of folks that say these caucuses are ant quited, they're -- antiquated, they're old school. what do you say, jack? >> i've got to say, i love it. confusion of the enemy. the democrat party a was on the national stage and blew it. it's like the last five minutes of the super bowl being unable to be played because of some malfunction with the referees and the cameras and the football goes flat. this is a total embarrassment for the democrat party. the real winner is donald trump.

he had a record number of voters go out and vote for him. by the way, the vote turnout for the democrat side was less than what it was in 2008. so it's just confusion. nobody knows. when you have people like amy klobuchar who two weeks ago wasn't a factor declare victory and grab it and run, joe biden, it was a great boost for him because he could he pretend like he won. bernie and pete buttigieg, who would have been probably the winners, they're flat. they lost the moment. tonight is the state of the union. cheryl: they were out there celebrating, declaring vic you tri. we have no idea who has won the caucus. you know who is celebrating this morning? mike bloomberg, he's been sitting out these first four contests. he he's probably sitting in a good spot right now because these candidates are running the risk and i think they did last night of embarrassing themselves when it comes out that-only one wilwill pull away with the del grates, just one, not all.

>> i think that obviously last night was a less than ideal outcome. but i think, you know, we still have a long way to go in this thing and i think as candidates sort of turn the page and get ready for new hampshire and nevada and south carolina, they're all in relatively good spots to kind of make that transition. and what we will see is the voters will come out and make their voices heard. cheryl: they just can't be heard i guess until later today in iowa, guys. wow, what a crazy morning. never seen this before. jack, wendy, tight on time this morning but thank you for joining us and for getting up early with us. >> thank you. >> thanks a lot. lauren: the streaming wars are red hot. will disney's big bet pay off? cheryl: fast food chicken wars, the new underdog that just entered the race. that's coming up on "fbn: a.m.."

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cheryl: we have got a rally on our hands this morning. take a look at futures, the dow up 296, s&p up 35 and-a-half, nasdaq up 111 and-a-half, couple things going on, the impeachment trial that is ending in washington. you've got chaos in iowa, also oil moving up about 1 and-a-half percent right now, green on your screen. lauren. lauren: not for google parent alphabet, those shares down 3% this morning after reporting mixed quarterly results last night. the company did, however, release sales from its youtube and cloud business, separately, for the very first time. we have lo lou basineste with us

now. what is the problem with google? >> i think it might correct itself in today's trading activity. solid growth on the top line, up 17% on sales, 20% on profits, and like you mentioned, the first time we get surprise transparency on youtube and the cloud segment and the growth is better there. youtube's up 35%,y're in the running with microsoft and amazon with the cloud. lauren: i think the ad revenue is slowing a little bit so investors are saying can cloud make up for their bread and butter which is the ad revenue. >> i think we have this whole conversation, is facebook ever going to be anything more than an advertising platform, no. neither is d google. they'll be dominated by advertising. i think there's too much focus on the miss on the top line. lauren: let's talk about disney, making huge investments in streaming. are they going to weigh on the

bottom line tonight when they report. >> the mouse is in the house after the bell tonight. it's a matter of how many houses is the mouse in. disney plus, i think if we get a number of 21 or 22 million subscriptions out of the gate, the rest of the results will be irrelevant. people will focus on that growth coming out of the gate. people will want to see, can they beat netflix. i don't think there's a chance. you can't give you' usain bolt d start in a race and expect to catch him. that's what we're dealing with with netflix and disney and the streaming wars. you can have netflix and disney plus and hulu, multiple subscriptions, i think they want to see that disney plus will be around for the long haul. lauren: got it. elon musk tweeted out burning emojis as as tesla stock hit a record yesterday of $780, you up 4% again in the premarket. the shorts lost $2.5 billion yesterday alone. what the heck is going on with tesla? why are investors loving elon musk's story right now? >>s he's an amazing salesman.

hype happens, so do bubbles. i have a hard time, i have to sit on the sidelines with tesla. there is not one financial metric you can point to and say this is a rational valuation. the company makes a fraction of the cars of ford and gm and trades at a valuation worth more than both of them combined. the key with tesla is can they hit their deliveries number of 500,000 units. that was a bold pronounce innocent that hey lo he elon cat on the last quarterly call that no one expected. if they have to pull back in that guidance, i think that might be what -- the pin that pops the h tesla bubble eventually. lauren: and the coronavirus because they have a major plant in china. uh lou, thank you. cheryl: a lot for investors to watch this morning. futures right now, we have a l rally on our hands this tuesday, the dow is up, we're actually moving higher, up 303 right now. we just crossed that threshold.

s&p up 36 and a quarter, nasdaq up 113 and-a-half. no impeachment, that's going to be ending in washington as iowa confusion we're watching. a lot of the green on the screen we're seeing sure to be a talking point tonight at president trump's state of the union address to the nation. what else can we expect from the commanderrer in chief -- commander in chief. the national press secretary, kaley mcineny is here. lauren: ford's new mustang is taking tailgateing to a whole new level and we'll explain and show you when "fbn: a.m." returns. ♪ it's got a 385-horsepower overload. ♪ he wanted a man cave in our new home.

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cheryl: here is your morning cheat sheet, the top te headlins to get you through the day. president trump set to deliver his third state of the union address tonight as the senate is set to wrap up the impeachment hearing tomorrow. disney reporting earnings after the bell, the first time since

the launch of disney plus. disaster in des moines, iowa caucus results not expected until later today after an app thats was supposed to help the process failed. all democrats are h declaring victory as they head to you new hampshire. lauren: here to weigh in on the mess in des moines is kaley mcineniy. good morning. >> good morning. lauren: the trump team and yourself have to feel good this morning. >> we certainly do. the chaos on the democrat side, you have you to ask yourself is the democrat party rigging it against dearn berni bernie sand. there's been so many peculiar stories, from mike bloomberg mercking it to the he debate stage, so you have to ask what's going on in the democrat party. certainlcertain doesn't look go. lauren: if the president could pick the l nominee he would run against, would it be bernie sanders.

>> he would take any one of them. he talked about bernie, he talked about biden. he's not scared of any of them. biden is gaffe-ridden, bernie is a socialist. you go down the line, any one of them he would take. his record doesn't stand up to any of the democrat nominee. lauren: let's take a trip down memory lane. the president will gives his third state of the union address tonight. watch t enough to come together only in times of tragedy. tonight, i call upon all of us to set aside our differences, to seek out common ground, and to summon the unity we need to deliver for the people. this is really the key. these are the people we were elected to serve. victory is not winning for our party. victory is winning for our country. lauren: his tone, kaley, in the first two state of the unions

that he gave was very unifying, very positive, very presidential. do you expect the same tone tonight? >> i do expect that. you're going to hear tonight about the great american comeback, the blue collar boom, the fact that paychecks are rising fastest for low and middle income americans, the fact that it's historic lows in unemployment, generationaals. al lows. there's a lot to celebrate, the usmca, the phase one china deal in the last few weeks. i expect it will be unifying, a deep contrast to the democrat party which seeks to divide us. lauren: will he mention impeachment? he will be in the same room as many of his accusers. >> i'll leave that to the president, whether he mentions it or not. democrats have seeked to take away the will of the american people, wage a coup against a sitting be president. the aquizal will -- acquittal will happen tomorrow, a day of deep vindication for the president. lauren: how much was the president president involved in

writing the address for the nation tonight? >> the president always gives his input, with any rally speeches in it, he likes to survey the text. the president is also very involved and i have no doubt that the state of the union is any exception. lauren: a lot of people are saying they expect him to throw a few punches tonight, to be a little bit more feisty, if you will, than he has been in years past, maybe more like rally trump as opposed to state of the union trump. >> you know, i'll leave that to the president. if he decides to go that route, he has certainly every right to. this is historic obstruction, we've seen an impeachment with no crime, this comes after the mueller report was the president was exonerated. if the president decides to go that route, by all means. it is certainly within his right as he faced something no president has in history. lauren: and he gets another reward tomorrow when the senate is very, very, very likely to acquit him after the impeachment trial has wrapped up. that's another feather in his

cap of. when you put this against the backdrop of what we're seeing where you are in des moines, chaos on the democratic side and you look at the republican caucuses in iowa, record turnout for i think -- is it record turnout for any republican caucus in iowa? >> yeah, it was incredible. look, i was at a caucus site, you saw overwhelming support for president trump. congressman meadows was at that one, president trump called into that one. everywhere we went it was a packed house, it was an essentially uncontested race. really, uncontested and to have that kind overwhelming support, it was quite special. [ laughter ] thank you for joining us this -- lauren: thank you for joining us this morning. cheryl: let's take a look at what is busy, your money is busy. we've got green arrows right now. look at this. the dow -- we were just over 300 a few moments ago.

we're up 297 on dow futures, s&p is up 35 and he three quarters,s nasdaq up 110 points. all the iowa caucus, end of the impeachment story in washington, investors are looking you ahead. coming up next, the story of one man who went from having $1,000 i$1,000savings to owning a boomg business in two years. how he became successful and how you can follow in his foot steps. lauren: no diploma, no problem, elon musk's latest tweet calling into question the need for higher education. you're watching "fbn: a.m." ♪ liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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cheryl: save aing for the future and making a better life for yourself, it is not easy. our next guest was able to turn $1,000 in savings into a real estate empire. let's bring in to find out how he did it the owner of independence realty group, henry washington. good morning. you've got quite a story here, you were in software, data analytics and you and your wife when you started your family decided you wanted things to go in a different direction. why real estate, why go out and buy homes and redo them and sell them and be a rental property owner. what a huge shift in life. >> absolutely. i was -- like i said, i got married, 365 days after i met my

wife, so i went from being single to being married and talking about having a family and i just -- i knew i needed to make a shift and i honestly landed on real estate because i had panicked in the middle of the night, i had been doing some googling on how to have a side business or how to make passive income and every article i came up on or interview i came up on had something to do with real estate. so that just kind of pointed me in that direction. cheryl: you had $1,000 in savings, you borrowed money from your wife's 401-k, which financial experts say you should never do, but you did do that. gutsy move. you must be really passionate about real estate to take such a chance. >> yeah, absolutely. i think as i started to educate myself on the benefits of real estate and how it can not just create passive income but help you build wealth and generational wealth for your family, i just put it in my mind

that i was going to be successful. so it didn't feel risky for me at this time. cheryl: are you paying cash for these properties and going in and doing renovations yourself? >> no. we're using bank loans for most of the properties that we do and then the bank also loans on the renovation budget. so we have to bring a down payment. cheryl: is your goal to flip or is your goal to be a basically a landlord? what's the end game for you? >> the end game is landlording. i look at everything from a landlord perspective first. we flip homes but we do that to generate the capital so we can purchase more rentals. cheryl: we're looking at a these pictures of your before and after renovations and they're pretty impressive. of course, we've got to show the things that matter the most i think which is obviously the kitchen and bathroom. there is the before of a bathroom. how long do these renovations for you to complete? ooh, that's pretty. >> usually anywhere from he three to five months, depending on the size of the project. some are quicker, some are

longer. cheryl: i like the white tiles and open air feeling that you're doing in the boot room and giving it -- bat l room an bath, you're giving it a clean feel. what kind of expansion plans do you have? >> really the sky's the limit. i'm looking to grow to as many units as i possibly can. we're up to about almost 60 units now and we're continuing to grow. cheryl: honestly, it is quite a story and i think very inspirational. we all love real estate but to make it a business and have fun while doing it, looks like you're having fun. thank you for sharing your story. >> thank you so much. cheryl: thanks for getting up early. we know it's early for you, thank you, sir. >> thank you, ma'am. lauren: disaster in he des moines, democrats in disyou array, why this is one reason markets are getting a bump this morning. dow futures up 295, s&p up 34, positive for the year, nasdaq up 109. cheryl: middle aged adults,

they're already middle aged, but now you've got to foot the bill. lauren: i was wondering where you were going. cheryl: the surprising amount of middle age adults out there that are on the hook for their family members and not the ones you think they're on the hook for. keep it here on "fbn: a.m." ♪ i'm stuck in the middle with you. ♪ and i'm wondering what it is that you do. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. i am not for ignoring the first sign of a cold. i am for shortening my cold, with zicam! zicam is completely different. unlike most other cold medicines, zicam is clinically proven to shorten colds.

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lauren: wall street is awaiting the results of the iowa caucuses. at this stage, bernie sanders looks like he's in the lead. new hampshire's next. sanders won new hampshire in 2016. how is this a -- affecting the market if he gains momentum. joinin.good morning, jonas. put all this together for me. it was a mess last night, a hot

mess in iowa. and the march skeet'-- market's up 300 points. what does that mean to you. >> i think the market rebound is more coronavirus related and general economic slowdown fears that may be waning. if bernie wins, it's not good for stocks. it's kind of the obvious thing. but is it -- like if he wins, he also might not be able to get anything passed. he's not the most powerful legislator. his ideas won't get through to hurt the market as much as a moderate democrat. there's also the idea that he's very beatable which is why all the democrats are scared, some democrats are scared of him winning the nomination. so it's very hard to make the case a that bernie sanders will lead to a stock market crash. that requires him getting elected in a general election and then getting things passed and those are a lot of ifs and you can make the case a more moderate electable candidate is more of a danger to reversing

the corporate tax cuts, things like that. lauren: they would be able to get more done in congress. >> right. it would be like the last couple years of the obama administration, at best, this whole run and he wouldn't get rel elected. you could make the cases a good candidate if you have to -- it's way too early to decide that his doing well last night, if we ever know if he does well, a conspiracy theory, is actually bad for the market. lauren: i want to ask about the coronavirus. in right of th -- in light of te fact that this could mess up the trade deal that we are negotiating, we do have phase one but reportedly china is asking for the u.s. for flexibility with phase one. does this virus, which is certainly impacting their economy, affecting the future trade deal phase two and hon? >> i think so. i think it's hard to underestimate -- if you look at past viruses, they didn't seem to have much of an effect on markets long-term or short term. a lot of it happened during cheap valuations in markets.

it's hard to make that conclusion. today, stocks are very expensive. there's more downside. , more importantly, the chinese economy is the global economy right now, almost 20% of the global economy. the last major you outbreak there, i think it was 4% of the he global economy. when you've got empty streets in china and flights not going there, more recently casinos being shut down for a while, it has more of an impact to the global stock market, global economy, than it did in the past, as did the trade war. it could be a one-two punch, a slightly weak economy globally, that's what the bond market is saying, it's not a great situation which is why it's been so rocky the last few days. lauren: one more for you, jonas. aarp finds that more than half of middle aged americans are giving at least $1,000 to theired older parents and about the same if not more to their adult children. i have a feeling you having to say about this. >> this is -- it's very hard to know what's really going on and,

like, for example, i'm paying my dad's cell phone bill. i'm looking after my own investment, which is inheriting his condo some day. it's taking care of the trickle down that may happen later. a lot of boomers live in houses they might have to sell if kids weren't helping take care of them and then they would spend down the money on foolish trips, let's say, not talking specifically to my dad. it's hard to analyze how bad this is. i'm more worried that millennials can't do that for their family. lauren: that generation is getting squeezed, supporting older parents and adult children. it's a reality a, where does the money come from. jonas, thank you. you're a good son paying the cell phone bill. >> or am i. lauren: i'm not there yet. maybe they pay mine. i don't know. see you later, jonas. cheryl: here are other headlines making news this morning. elon musk tweeting out an application to join tesla's ai team to everyone. the billionaire looking for

people with a deep understanding of artificial intelligence and you don't need a high school degree to apply. applicants will have to take a coding test to prove their capabilities. in the past, musk declared l ambivalence to higher education, citing success stories like bill gates, larry ellison, steve jobs. an iconic muscle he'll car flexing the ability to tailgate, ford revealed the mustang classic lined front trunk is capable of doubling as a massive 36-gallon cooler and up to 1,000 -- cook your wings, you have your beer in the -- well, it's the front trunk or the frunk, the engine of a typical gas car would be located. got to use the space. chicken sandwich war continues as a new player joins the fray. famous dave's barbecue announces a new sandwich. it will be $5, that's $1 more than the chicken sandwich

rivals. dunkin' donuts revealing the hottest dough you nu donut of t, they're partnering with frank's red hot, to release a hot sauce jelly donut. it's a limited time only release, available at two locations, where else, in miami. while supplies last. i had an amazing donut that was jelly filled, mango fruit. miami knows how to do donuts. lauren: are you proponent of this hot sauce donut. cheryl: no. we have a lot more coming up. first it was wine, now it's beer. why americans are not reaching for a cold one. lauren: a massive broadway hit gets a shot at the big screen. how hamilton is now ready for its closeup, next on "fbn: a.m.." ♪

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♪ ♪ cheryl: new data shows that fewer people may have beer run for sunday's super bowl. >> yes, so you're thinking super bowl, a little bit but super bowl parties, food, alcohol consumptions and the companies spending millions of dollars on

ads, is it working? the consumption of beer actually fell this past weekend during big game, cities like san francisco, fell 3%, most starling bud light nationwide actually developed 22%, pretty significant. cheryl: at least commercials were good. >> more people -- more women are drinking wine these days but millennials are dropping beer. hard seltzer. anybody out there like myself who couldn't afford or get tickets hamilton on broadway,

fear not, disney acquired rights to hamilton for reported $75 million, released october 2021. they're not redoing it, though, this is interesting. the director filmed it back at 2016 at the richard rogers hateo you don't have to drop $800 for a ticket, you can see it in the movie theater for 20 bucks, yes. cheryl: thank you for joining us at fbn:am, maria bartiromo, fresh from her trip to miami, welcome back, maria. maria: welcome back to you as well, good morning, everybody, thanks for joining us, happy tuesday, tuesday february 4th,

caucus chaos, iowa democrats delay the results over counting issues, we have the very latest this election debacle coming up. 20,000 cases have been reported, the death toll past 420. we are talking to someone who is currently under quarantine inside the hot zone in china. markets pointing to rally at the start of trading, take a look at this, dow to open up 300 points, better than 1% and s&p currently higher by 34. tesla charges ahead, stock to record-high territory nearly doubling since the beginning of the year, all the stories right now, mornings with maria live right now. ♪

♪ maria: top story this morning, iowa caucus still undetermined. party announcing last night that it's delaying the results, saying there were inconsistencies in reporting,ble app, saying in a statement this, we found inconsistencies in reporting sets of results, the app did not go down and this is not a hack or intrusion, underline data is sound and we are simply take time to further report the results, even though results, democratic candidates were confident that the outcome will be strong, watch this. >> so we don't know all the result