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tv   Cavuto Coast to Coast  FOX Business  February 5, 2020 12:00pm-2:00pm EST

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lauren: just saying. ashley: nasdaq turned negative, unlike the dow. big tech. stuart: 33.33, just a moment there. lauren, thank you very much. showed me how to do the math. ash, you're all right. ash ash thank you. stuart: stuart, it is yours. neil: big catalyst for a lot of this, strength what is happening in the private sector arena. in other words, what is happening in regular corporate america, leaving aside manufacturing. that had an unexpected up tick. strongest up tick we've seen better part of five years. more on that in a second. all of this is ignoring the d.c. partisanship clearly on full display. i won't shake your hand, so you will rip up my speech. to blake burman who has done a lot worse. he is outside of the white house. reporter: neil, you didn't even have to listen to the state of the union address to question how anything might get done in washington here over the next year. all you had to dos exactly
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before it and directly right after it, sort of question how are these two sides going to get together? however president trump did lay out several items hopes that democrats and republicans can work together, including reducing prescription drug prices, which is often talked about here in washington. putting together an infrastructure package. increasing internet access across the country. making paid family leave more commonplace. on "fox & friends" this morning the vice president pointed to those top two. >> we can work on health care. which can, we can work on infrastructure. the question is, do the democrats actually want to get anything done for the american people? or did last night simply signal that they want to fight it out in the election. we're prepared to do either one. reporter: this morning i asked kellyanne conway why americans should feel confident that solutions will come out of washington? she suggested that some democrats in swing districts
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might want to beef up their resume' heading into november. >> yes. she is speaker of the house but she has many rank-and-file including 31 democratic members who won in 2018 districts that trump and pence carried in 2016. so if i were them i would be getting very nervous about my lack of delivery, my production. where are my results? reporter: neil, nancy pelosi revealed yesterday she has not spoken to president trump since october. that is more than three months ago. even though you got members of the white house talking about how democrats need to come together to work with the white house on certain issues. the telephone is a two-way street. of course the president can pick up the phone and talk to nancy pelosi. she could pick up the phone and call the president as well. but pelosi said, that hasn't happened in months. after what we saw last night, you got to question if that will happen anytime soon. neil? neil: insultingly childish on
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both sides. grow up. we're awaiting final iowa results by the way. seven out of 10 votes in. drip by drip process. candidates are shifting focus not surprisingly to new hampshire where bernie sanders appears, i stress appears to be widening the lead in a new poll. new hampshire is simple up or down popular vote contest. not this caucus byzantine rules confused iowa and pretty much theories of country. fox news correspondent mike tobin has the latest. reporter: hale, neil, the chairman of the democratic national committee happened here in iowa should never happen again. as you mentioned the campaigns have all who have moved on to new hampshire. there is nothing else they can do here in iowa. with 71% of the precincts having been counted thus far, the one scorecard really counts is the state delegate equivalent. if you look at numbers, pete buttigieg still maintain as lead. bernie sanders is in second. elizabeth warren, third place.
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>> these are hard times for our country. the question is, what are we going do to? we can be discouraged but you're here and the way i see it, i look where we are. we have done iowa. we've got new hampshire in just a week. are we ready to do new hampshire? [cheers and applause] reporter: problem with the caucus, blamed on new phone app the chairman of iowa democratic party it recorded results fine but malfunctioned when it came time to transsubmit the data. it is backed up on paper. he promises the final result will be slow but accurate. >> the reporting of the results and circumstances surrounding the 2020 iowa democratic party caucuses were unacceptable. as chair of the party i apologize deeply for this. reporter: troy price says every
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four years this nation has conversation about iowa first-in-the-nation status. no doubt that will happen again. indeed it is. neil? neil: do you know, have they indicated, i know this is slow process by the time we get our full count from iowa will we be done with new hampshire? what's the deal? reporter: they're not really communicating much. a lot of reporters are frustrated by the minimal communication we're getting out of the iowa democratic party. from yesterday, jumped to 62 to 71%. reporting in the afternoon. 11:00 at night jumped up to 71% of the precincts. 29% of the precincts left to go. expects to see more numbers today. they should be able to wrap this up, neil. neil: mike, thank you very much. we've been stressing the markets are pretty much ignoring all this noise. more intrigued by positive developments on the coronavirus front. possible drug to treat symptoms of the disease, not the disease
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itself. it is promising. china is throwing a lot of money at the problem to minimize the impact. there is still worrisome news on that front. a number of airlines, including united, american, extended freezes on flight into and out of hong kong? that adds to uncertainty. get a view all of this from "real clear politics" contributor, anneke green. we have fox news contributor john layfield, and democratic strategist, laura fincke. i want to begin with you, end with you. the read this is black eye for democrats and nancy pelosi didn't help matters any ripping up the president's speech even though i guess the president didn't shake her hand. regardless, do you buy the argument it has not been a 36 to 48 hours for democrats? >> fund-raising total for each of the candidates, buttigieg had his best day ever after the caucuses. depends how you look at it. reality there are a number of front-runners that people are
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energized. that looks good for democrats. nobody likes to see chaos and confusion around a primary but iowa democrats are cleaning it up nicely. we'll get a tidy result and take another look at the caucus system. move to primary more inclusive and includes more people can afford and able to come and participate. neil: john layfield, that was a surprise, on that report from blake burman of the white house, long before this tension convention between nancy pelosi and the president, that the two haven't even talked on the phone since last october. i have italian relatives of course who can beat that by decades but having said that that's pretty worrisome regardless of your politics. difficult to get much done. >> absolutely. we're in new world of politics we're not rooting for whoever is best. we're rooting against whoever is worst. both sides need someone to dislike to galvanize their base. when you do that, you spew a lot of venom back and forth t
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created this block in congress. it created a block in politics. it created a huge partisan divide. president trump is the most partisan president in history. 92 to 94% of republicans are for him but only 7% democrats. that has never been measured that difference. his approval rating is up because of with that partisan politics. president trump is not solely to blame for this. all these guys in washington, d.c., fighting at each other's throats and getting nothing done for our country. neil: get to the substance that matters here. do you think this started by the president refusing to shake nancy pelosi's hand, yes or no? >> no. i think it was before that. i saw that moment, i wonder if it was intentional. it is president trump, probably was but ripping up the speech was a very dramatic gesture. there is always room to wonder, maybe she was trying to do away with it. she said it was dirty. it has gotten very muddled. it is clear there is bad blood there.
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neil: i guess what i try to get handle on, incumbent on both parties. is it your sense that it is hard to get much done in an election year anyway but this pretty much confirms that we won't what do you think? >> i mean i think it will be a challenge in an election year with the normal circumstances but the polarization is real. i also think this is the first time we've seen theatrics like this out of nancy pelosi. no more asymetric warfare where trump is only one participating. you talk about some of the things he included in the speech like infrastructure. look at last year, the actual actions. he walked out after meeting with democratic leaders assembled ready to cut a deal on infrastructure. so important, something we all agree on. president trump stormed out. you have to look where the actions are, not so much at the gestures and theatrics of any particular day. neil: but you know words matter. i know i will hear it from both sides on this, i criticize nancy pelosi ripping up a speech or the president, some of his comments, but he had a lot of whoppers last night.
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anneek i don't mean to single him out but he was one speaking. he had doozies. lowest unemployment rate in we've ever seen, lower in the '50s, 2, 2 1/2%. growth we've seen is most startling we've seen ever. it was double that under the clinton years. he talked about the number of federal judgeships that happened under his watch. it is a record number. we had ronald reagan with more. bill clinton was double. and, obama with 50% more. so i'm listening to that. and i'm not trying to come off as never-trumper but that is almost never telling the truth in the speech. if i'm a democrat, i'm listening to that. how can i be patient and understanding and you know, gentlemanly or gentlewomanly about it when he keeps doing it? your thoughts? >> it is not news that president trump is bombastic. he exaggerates. neil: bombastic is little little
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bit different than misrepresenting or lying, you know what i mean? >> i, like you i would have love to see annotated fact checked versions of the speech was where they are getting the claims. but at the same time, that wasn't a speech to democrats. now i think state of the unions should be a speech to all americans but it is an election year like we've been noting. he is talking to his base. what his message to all americans was, i was impressed with, he used the guests in the box to make the message clear, the country is doing very well. so there is not a lot of room for democratic candidates to contradict that. neil: no you were right about that. i thought going to the box and actually doing something with it, in the past presidents, john layfield, we covered this in the past, have recognized people in the audience and commended them but he promoted one guy to a general. he united a family. he recognized -- >> scholarship. yeah. neil: that raised -- all future presidents now better bring
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medals and recognition with them. >> he set the bar high. neil: it so there is that. i found that very moving. having said that, john, obviously if you're a democrat and you're listening to all this, the backdrop is a strong economy, maybe not quite as robust as the president paints it but certainly good, you have to a tough battle on your hands. what do you do? >> you certainly do. the president last night gave away everything but a free car. neil: actually at the end of the speech he did give away -- no, i'm kidding. >> i don't doubt that at all. if you're a democrat right now you have to offer alternative to this. presidents to get reelected when economies are good. this economy is not great. the president did exaggerate the numbers but this economy is very good. the president deserves a lot of credit for this. the problem the democrats have, fighting against an incumbent. incumbents tend to get reelected against a economy with good. presidents with economies that are good, tend to get reelected. they don't have a candidate overwhelmingly inspiring. look at mr. sanders.
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mr. sanders as far as socialism, only 18% of country believe in socialism. that is 50 million plus americans. they sound very loud but four out of five americans don't believe in that. i don't think mr. sanders has a chance. they need a candidate inspiring. they don't seem to have that right now especially against an incumbent with a good economy. neil: well-said, all of you. i appreciate it. remember our job covering speeches as it is, we were in iowa as it will be in new hampshire, we're calling balls and strikes. i find it childish when speaker of the house rips up a speech. i find it childish the president of the united states deliberately slights said speaker doesn't shake her hand. i find it childish that you have a good economy, and you inflate numbers. i find it childish, won't get up when you're recognizing a tuskegee war hero. that is childish. that is fair and albansed view of adult the acting like children. we'll have more after this.
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neil: all right. all eyes certainly on the dow but general motors, fourth quarter profit nearly wiped out by the 40-day labor strike. that is why you're seeing a bit of an uptick in the stock because taking a look at that, even accounting for the strike better than expected on that front but the company's problems still need addressing. grady trimble has the details. hey, grady. reporter: this is the first time we're seeing just how much that united auto workers strike cost general motors and it turns out it was quite a lot. gm says it took a hit of $3.6 billion during that six week strike. its u.s. factories came to a screeching halt during the work stoppage. it didn't produce a single car in the u.s. during that time. the company lost $194 million in
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the fourth quarter as a result. still gm still reported earning of $6.7 billion after taxes for the year. switching gears, one thing came up during the earnings call today, how coronavirus is affecting the business. gm already had to close down factories in china. it also gets a lot of parts in china from u.s.-built cars. gm ceo says it is a fluid situation but they are monitoring it and adds it is an integrated supply chain. you do have charts floating from china to around the world. we're looking at all that. the country's largest automaker by sales, general motors also says it continues to invest heavily in lech trick. tesla has a head start. even though its shares are down today, tesla is still doing quite well. its market cap is actually larger than general motors and ford combined. general motors is looking forward to an all electric future t has plans for that electric hummer as well as
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electric suvs and trucks in the years ahead. neil? neil: grady, thank you very much. grady was mentioning tesla. it has great days and a day like today where it has off day. one of the biggest single day losses after consistent trend of bigger than expected gains day in, day out. it is volatile with a capital v. get the read from david dietze who follows this, so much more, very closely in the markets. david, tesla, that is a grenade isn't it? it can be a nice grenade if it never goes off but can be very bad if they take the pin out. what's real? >> the bottom line, this is a dangerous stock for people to invest in. it has gone parabolic you cannot justify the metrics on any kind of fundamentals and even if the story plays out as well as people think we're talking about a decade away. having said that -- neil: that decade away is the camp this could be a 7,000-dollar stock?
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do you buy that? >> you know, anything is possible but i think the odds are against you. this looks like aol, 1999, yahoo!. bitcoin in 2018. even volkswagen when porsche tried to take over in 2018, the shorts got squeezed. this is a massive short slaughter which caused the stock to go up. which means it is divorced from the fundamentals and when ever the market is acting irrational i advise my clients stay clear of that having said that, neil, elon musk is starting to get the job done. it is not about electric vehicles. it is about a tesla. there is a lot of competition out there. no one wants it. they want a tesla. if he is able to corner market in batteries and sell everyone solar panels they will do well going forward. neil: they are beautiful cars. they are the most stunning. that is subjective view here but i always worry when the shorts give up and capitulate. some say now it is a cult.
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i forget who said that. he had given up. when they all give up that usually represents a defining moment where the stock we all gave up on begins to run out, right? or down? >> they have had to give up because their bankers are calling them asking them to for collateral. neil: absolutely. >> as losses start mounting. but that can only go so far. at some point we don't know exactly where, maybe pivot point was today. things start to come back down to earth. neil: you and i were briefly saying during the break about the overall market. you're a great historian, one of the best i know. if this market on valuation level, is it rich to you? >> well, it's on the overvalued side. neil: is it on the 1999, 2000 overvalued side? >> of course not. cisco was the largest company in the s&p 500 in 1999. i remember it well. it was 100 times earnings. we have got great companies,
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microsoft, amazon, alphabet, so forth. they're not trading at multiples, anything like that. and their businesses are far more compelling that an cisco was selling hardware internet -- neil: price to earnings front not awful but you look at another metric, right? >> the other metric that is a little daunting price to sales. right now that is 2.3 times the overall revenues of the s&p 500 for the market cap. we have never seen that in the last 100 years. that exceeds price to sales late 1990s. something to think about. it can be justified because of big profit margins, perhaps there are factors wages go up and other things develop where profit margins could get squeezed. neil: very interesting. david, thank you very much. we'll continue to follow that. follow the dow up 350 points. it is trying for the record. s&p is trying for the record. nasdaq dipped down a little bit oddly in conjunction with amazon. that dipped a little bit. we'll follow that closely. new hampshire voters are struggling with student debt.
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♪. neil: all right, there is potential breakthrough in the search for coronavirus vaccine that has markets gaining more, vaccine meant more to target some symptoms related to the disease itself than the disease. still it is positive. china is flooding markets with a lot of money not only to support them but support medical solutions to this. so that was deemed encouraging. two more flights of americans leaving the coronavirus in china arrived in california. fox news's william la jeunesse has more. william. reporter: neil, one of those
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flights arrived here at marine corps air station in san diego. the 747 arrived from travis air force base up in sacramento. both flights carrying 350 passengers total, arrived early this morning from hubieu province in china to california. some will stay at travis. some will stay here at the marine corps naval base for 14 days in quarantine. all of them were working in the danger zone in wuhan in china. after arriving here, they will remain here until the cdc is convinced they do not have the coronavirus. they will stay here in about 150 hotel-like rooms. there are four bases in the united states designated by the pentagon to receive passengers. we received word earlier today that two more flights will be heading to, to the u.s. one to
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texas, another to, excuse me to nebraska later this week. if anyone is sick they will be taken to a local hospital. that actually happened on monday. there was a child who was at riverside, march air force base there who came down with a fever. that child and their parent was transferred to a local hospital. the officials here stress they will not be in any contact with the public or anyone on the base. this all comes obviously as president trump is banning foreign nationals from coming, so forth. the other part of the story is people arriving on direct flights from china, they're being directed to 11 airports. that is it from here now, neil. basically more people being evacuated from china, which they're being rescued if you will, if you consider that there in china it is military lockdown of about 60 million people. back to you. neil: just incredible. thank you very much, my friend,
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william la jeunesse. meanwhile macy's is doing a top to bottom revamping of its entire corporation including shuting down a lot of stores. now we're getting where they are and how many will be affected right after this. ♪.
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good news for baby yoda fans. mandalorian season 2 is coming to disney, disney plus i should say this fall. apparently there was a great deal of nervousness in the streaming community it would not be having a followup season. relax, fans, it will. retail woes are continuing. macy's set to close 125 stores. that is over the next three years. kristina partsinevelos has details. hey, kristina? reporter: neil, 125. not including the 30 stores they announced they would close last year. we're talking about macy's but we have to include other brands, bloomingdale's and macy's backstage as well. the company is having an investor day at the new york stock exchange. they're trying to convince their investors they can make macy's cool again. that is the issue. what will they be doing? closing 125 stores across 19 states. they will shut down the cincinnati headquarters. focusing on only the new york headquarters. they are cutting roughly 2,000 corporate jobs. that is 9% of the corporate
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staff. then reformatting stores. this plan is so serious, they actually dubbed it the polaris strategy. this is according to macy's press release. if you're wondering about the three-year turn around plan. they have three pillars they want to focus on. the fashion game, some people say they're not as trendy. they will be expanding their value offerings as well. what i mean by that is, they will be expanding the macy's backstage locations. these are off brands. think of like a tj maxx, so things are a little bit cheaper, if the season is over, they would put it there. they will be reformatting stores. what i mean by that, creating smaller stores. market by macy's is an example t would be a stand-alone store, much smaller. there is one actually opening in dallas tomorrow, if you happen to be in there. not all analysts are sold on the turn around plan, despite the stock being higher. citi analysts say they have no reason to believe the strategy is enough. they have pushed to sell the stock with a price target of $13. i will end on this, capri
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holdings which owns michael kors, we released a statement, they are only in the top macy's location. they had a stellar holiday season. they're not worried about their sales. macy's will have to convince shoppers and brands they're still cool, right? get people to go to the department stores. that is a big issue. a lot are in mall locations, neil? >> that's a problem. meanwhile michael bloomberg is trying to seize what happened in iowa. we already know pubrepublicans are. he has a novel way to take advantage of it. it is called money, lots of it. edward lawrence with the details. reporter: he has got that money. a campaign aide that former new york city mayor michael bloomberg will target markets, doubling his ad buys. bloomberg says his strategy is more efficient focusing on big
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states and swing states while ignoring the first couple democratic primaries. by my count he has spent $300 million on television, radio, online advertisements. taking up those open slots. for example, tom steyer has, former hedge fund manager spent $134 million. no other democratic candidate has reached $30 million in ad buys as of yet. now in addition, now that the iowa caucus results are trickling in, some experts i talked with, they think the true winner of that caucus was michael bloomberg. his campaign, and ad buys based on the idea that former vice president joe biden would fade in the polls. apparently his fourth place finish, if it holds is opening the door for bloomberg. maybe he saw that, bloomberg did. on so but doubling down on the ad buys might push him into the polls and into the nomination he is hoping. back to you. neil: got,it, my friend. thank you very much.
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there is other stuff today. forget on awaiting iowa results. the other i word, impeachment. we get the final vote whether or not to con scribing the president of the united states that sun likely. we'll be watching and how, whether they split hairs as mitt romney might do, insisting right now there is a possibility to convict on one count and not on the other. it is a mess. i don't understand it. fortunately bill mcgurn, great writer, "wall street journal," former speechwriter is with me right now. he is with me right now. what do you expect happens here? i think it is a foregone conclusion there will not be a conviction. maybe what certain democrats or republicans might do, what do you think? >> that is what you say is true. what that shows is, it has been kind of a sham because people always knew the outcome. it was never likely that the senate would get 20 republicans to switch over and convict.
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we've gone through charade and everything. the problem democrats have, they bored people to death. before the state of the union i saw poor adam schiff still making his case. i'm wondering were anyone a part from a few twitter watchers tuning in to hear him talk about that? neil: i can only imagine that was meant for the viewing audience but did it change any minds? no matter who you talk to, democrats overwhelmingly supporting impeachment, republicans overwhelmingly not, in the end did it change anything? >> impeachment? no. i don't think -- neil: if anything his numbers are higher. >> which is what happened to bill clinton after he was impeached. neil: but he wasn't running for president. >> all that i think that they did is set donald trump up for his triumphant state of the union last night. i mean because he is kind of, he is kind of like godzilla. they're throwing spears at him, they're shooting him, the army, still bouncing off of him. it is the most dramatic stage in
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american democracy. neil: does that make nancy pelosi rodan? >> could be. they set him up. by being there, you have thrown everything you got at me including constitutional equivalent of a nuke and here i am standing here. i think it set him up to look strong. that is always the advantage the president has in the state of the union. he is the commander-in-chief. neil: right. >> the speaker may be speaker of the house, always seen as a more partisan figure. neil: were you surprised bill, you covered this a long time, that nancy pelosi and the president haven't spoken since last october? >> i'm surprised in the sense of washington, that you would think that there would be some business -- i'm not surprised, you know given the dynamics. neil: if he is reelected, assuming the house stays under democratic control -- >> big assumption. neil: right, right. what do you think? how is it going to go? >> i don't know. i think it is all up for grabs now. again, as you say, presidents
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approval ratings have been rising through impeachment. and look the people who really matter are not the republicans and not the democrats but the independents, especially in those battleground states. i think they hated impeachment. i think they regard that as a washington kind of soap opera, especially when you know the outcome, all these pious speeches on both sides. neil: it is not over. they're still trying to subpoena john bolton. >> how is that going to work? you remember bob mueller? casey at the bat. if only bob mueller could get up and take a whack. and now he is faded into the ether. i don't think impeachment will be such a big deal. neil: as you point out impeachment with something else. >> it is a first. we had other presidents impeached before, no one in the first term who would run for the second term. neil: wild stuff. thank you, my friend, very much. bill mcgurn. meantime it is all about the jobs. but this time the blue-collar jobs. why what the president is saying
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a new kind of investor is changing things up. with an app that's changing the way we do money. [ confetti pops ] join us. ♪. neil: a lot of new hampshire graduates have been telling fox business and getting ready to tell us more when we're there over the weekend that student debt is big issue for them. holding them back from achieving the american dream but what is the solution? hillary vaughn is talking to those voters what they want to see happen now. hey, hillary. reporter: neil, student loans are keeping college graduates from achieving major milestones. a survey says over 80% of people skipped saving for retirement because of their college debt. over half say it stopped them from buying a home. here in new hampshire, the problem is bigger than ever.
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the first-in-the-nation primary state of new hampshire is first-in-the-nation for the highest percentage of college students with debt. >> i moved back home with my parents, to be able to make payments and to pay it off more quickly. reporter: 76% of new hampshire's class of 2018 graduated with student loans, the highest in the nation. >> i took not my dream job right out of school because i knew it would pay the bills and they were coming. >> i took a little bit out when i was an undergrad. reporter: new hampshire students have on average $36,000 in debt. some 2020 candidates are making a comprise to make that disappear. >> we can cancel student loan debt for 43 million americans. >> make every college tuition free. >> educates say that policy is not practical. >> no such thing is canceling didn't. they're shifting debt. someone else will have to pay the debt. reporter: part of the problem isn't just the price tag.
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some students pick a major at a college that isn't worth the cost. >> we can't not allow them to borrow, but we can educate them on what borrowing means, what borrowing wisely, means. reporter: student loan debt nationwide hit an all-time high, topping more than $1.6 trillion last september, and has more than doubled in the last decade. some people think the problem is so big, a president needs to fix it. >> actually will help the economy an incredible amount, to have young people that are not paying money every month to some massive loan company or to the government. and to be investing that money in our communities. reporter: others think the federal government getting involved is part of the problem. >> making it free means someone else is paying for it. reporter: neil, paying for that tab would not be cheap. it would almost use up all individual income tax revenue collected in the last year, just to pay for it. neil? neil: hillary, thank you very,
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very much. meanwhile as president trump pushes his blue-collar boom he calls it, a new report that highlights jobs that can make up to six figures without a degree. it is such the trend right now, even people like elon musk are saying they're eager for workers, whether limited to high school degree or less than that. best-selling author dan geltrud on that. recognize the obvious. some don't need a college degree. others have very nice prospects without one. >> it is really true, neil. i talked about this in my book. you really have to navigate what college means to you. forget about the learning aspect. i know that sounds crazy. neil: right. >> it is a return on investment. so you need to manage what you're investing and what you're going to get back because there are people who are taking on enormous amounts of debts. people are just throwing money at them, to have them borrow
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more. they get out in the workforce, they realize whatever career they have selected, they're never going to be able to pay that back. so it would be like -- neil: does that mean we don't give loans to philosophy majors? >> that is a good question, neil. i think it comes down to buyer beware. you have to put some thought into the fact to say, if i'm going to be a philosophy major, or i will be a librarian, how about that one you need a master's degree, okay, how much money women i will make? 55,000, 75,000? meantime you absorbed $250,000 in debt? neil: i always figure the dad who accosted senator warren, right? i worked a variety of jobs to pay for my daughter's college education. i worked my butt off to do that you're forgiving those others who didn't have to do that. >> that gentleman had a point.
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i did all the right things, i worked multiple jobs, i saddled with all this debt or my child is saddled with all the debt. the person who took the lazy route potentially, everything is free. the system is clearly broken in that regard. neil: i wish we had more time i wanted to talk to you very quickly about the survey out. 44% of couples keep financial secrets, either separate accounts the other doesn't know about, or worse. what did you think of that? >> well, all relationships, neil, are built upon trust. neil: right. >> people want to trust. it is that natural human feeling, you want to trust your spouse, your friends, everybody you know. and then when you find out that they're cheating on you because they have a secret bank account, or credit card, it really hurts. and, we have to look at what is the reason why people do that? from what i saw in that survey, you have people that still want
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to be able to maintain control of their finances. or on the other end of it, sometimes they don't want their partner to know they're a little irresponsible or not good handling money. neil: in your case, revenues from your multiple best-sellers the revenues iryour wife had no idea it existed. >> and it is offshore [laughter] neil: there is a way to do this, folks, that is the way to do it. thank you, dan, he did not do that by the way. i set it up here. meanwhile millenials are about to jump in the housing market the way we have never seen. you remember the way they were burnt what they saw their parents go through by the meltdown? i think they're over it. ♪. well have you tried thinkorswim? this is totally customizable,
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neil: a top bank executive at soft vision fund is departing. charlie gasparino has the story. >> i can tell you will all about the story. neil: tell -- >> you want to leave your hour on a high note. neil: right. i was thinking like, you know, ripping up stuff. all right. what is going on withwith softbank. there we go. >> there we go. you want to talk about? neil: softbank. >> the bigger story is not the gentleman that left. i don't know his name. you don't know his name. very smart guy i'm sure. it is the guy staying, misra, the head of softbank vision fund. the guy has taken a lot of flak for wework. neil: this just isn't any fund. there is a lot of money behind
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it. >> 100 billion-dollar colossus that basically incubates every major tech company and made really bad bets this year including wework. we knew, we the rotted in the past there would be a shake-up in the fund. we thought misra is going but we is is not. he is staying. his number two is going. here is the interesting thing. this is where the rubber meets the road on this, misra is trying to raise money for the second vision fund. he is trying to get the biggest investor of the first vision fund which is the saudi sovereign wealth fund, pif, trying to get them in the second one. that is mbs's, his big pile of cash that they're using to basically modernize the company. the country. if he does not get that money, and from what we understand it is still up in the air whether he will get it or not, a lot of people say he will not, both parties tell us it is still an open question. if he doesn't get that money, according to analysts, ms. a
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might have to step down. you start annoying the boss, san who is head of softbank. neil: he made promises to donald trump. >> there is couple big things on the horizon for them. do they get saudis into this? for softbank dawes the sprint t-mobile merger go through? they're a big owner of sprint. they own a big chunk of it. a lot of stuff involving the fund, including this scintillating story i knew you couldn't wait for me to walk in the door to bring it to you. neil: i'm glad you did. i had very low expectation. >> i had to pull the paper, notes out of your hand, you were ready to go like this, like nancy pelosi. neil: real quick, they haven't talked since october. >> they used to be friends. trump and nancy. neil: do you have any italian
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relatives. >> pelosi is italian. someone says 15. minutes or seconds? neil: concerned about equality. >> you know what they say about italian amnesia,. italian alzheimer's. you never forget anything. neil: true enough. we never forget charlie. hey, saved you a seat.
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we could see more records today. s&p and the dow are trying to follow the nasdaq into that territory. we'll update you on that. maybe advancing the politics. anyway, five year highs was the sprint ahead. it really surprised a lot of folks. in the meantime, we are looking at the back and forth not only
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with the iowa results in new hampshire, but the disarray with parties that something is actually working in the markets performance today. let's get to our panel. james, let's begin with you on what's happening on "wall street" today. democrats disarray or investors party. what you think? >> i guess you could say it's sort of the story of the year the drama in washington and the market just kind of cruises along and obviously that number is affecting a lot, it looks like big job growth. the unemployment rate has been so low, there still people in the job market, this whole government report and will get a look tomorrow quickly report on small business it has to make people optimistic going forward.
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>> it's a tough battle for the opposition party to deal with. >> it is. almost, but almost feel bad for the democrats. the data shows the opposite, you've got people, 72% of the people have gone back to work, that's going from job a to drop be. they're going back into the workforce after having been completely sidelined. this is helping out people in middle america and low income neighborhoods, record low black hispanic, asian unemployment and women, best number since 1953. tax cuts from the millionaires and billionaires is a complet complete -- >> if you look at it and maybe this is trying to take a page from 2018, don't focus on the economy as healthcare.
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they are going to wreck your entitlement. i heard a lot in iowa and a lot more in new hampshire and it worked. in gaining traction for them in the house. what you think? >> what's so different about 2018 is in 2018 from what they were saying let's not change healthcare. the candidate in 2020 and all good looking at the leaders on the democratic side is going to be saying let's make radical changes to healthcare. in some ways, the situation is reversed where trump is going to be saying here are my incremental improvements but it's the democratic side this time who's going to have to defend what are pretty radical changes. bernie and elizabeth warren are saying let's get rid of private out have plans. that's roughly 200 million people affected by that. >> it's interesting that they
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are still waiting for the final figures. bernie sanders looks okay. i think there's a panic developing among democrats. they might go ahead and skip that role on the first ballot. to further disrupt that. what you think? >> i think it's disgusting. bernie sanders and like very much but if they are going to defeat him, they should do it fair and square. in the fourth inning of a baseball game, you can't run all the way to third from first. it's ridiculous. >> they want sanders to be the nominated, democrats thought they could cross donald trump. >> that's true. there is a risk, he's easier to beat than others so not exactly
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one that's warm and toasty but it's only fair that they should win or lose according to the rules. you've seen them already change the rules to get michael bloomberg into the debate but they didn't change the rules to help kamala harris or cory booker. >> the real beneficiary from office. >> there bending over backwards to change the role to get him in the next debate. as long as the chaos goes on, he has the money to capitalize on that. fifty-five -- 60 billions in the bank. he could spend 10% on this and still have another $50 billion left over. >> ohio state senator. you heard all this talk back and forth, they are getting confused about the whole, is it sanders,
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to eco- hard left? we stick with someone for moderate? may be still joe biden. >> definitely not joe biden. i don't know that there's confusion amongst democrats, one that is more vocal and more organized amongst the party activists and that is the progressive lane. there are a lot of militant moderates on main street that want to see pragmatic approach. >> they also want to wind. >> we do want to win. i would say the real loser out of iowa is joe biden because he came and forth no matter what comes on here. i don't think he's going to be able to move into third and overcome elizabeth warren and if he underperforms in new hampshire and comes in second to bernie sanders and potentially loses south carolina, which he's counting on the strong
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african-american base, really, really big trouble because it's going to be slow down which means money is going to dry up. by the time he gets to south carolina, he may not have the resources necessary to win fair and stay in the game. i think this is where mayor pete is going to be in a good spot coming out of iowa and mike bloomberg i think is a real beneficiary who's going to swoop in and i predict will have more delegates than joe biden after super tuesday. >> you remember, there's talk among the republican establishment when they could ship the rules of the convention to prevent a trump domination. people realized pretty quickly the party would have revolted. you can't have someone winning all along and then be knit denied the price of the end. the same thing with bernie
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sanders. when after win after win. you're not going to be able to sustain an argument that rules can be changed at the convention to prevent his nomination. >> i agree. i don't think we are going to see a consistent single winner. i think we are going to get different ones. >> the first ballot possibility, it's possible. >> it is possible. it's hard to say because it's contingent upon how close the numbers are and who the people are. >> the argument that bloomberg builds. bloomberg once that second ballot because then the superdelegates can come in and deny bernie the nomination. >> i don't think bernie is going to sit still over this. his supporters are not and they were upset about the fact that the dnc stole the nomination from him, at least made it difficult for him. four years later, these people are not going to support the
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democratic nominee. some may vote trump, some may just stay home and discuss. >> we will begin new hampshire, you've got our coverage this weekend then monday on this network and fnc, we are going to corner all the catering. our prime time coverage on tuesday night as well on this channel, 8:00 p.m. eastern, one of the rare places you can get the numbers coming in if the state provides them, and foreign market reaction. it's all fair and forth.
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markets are taking a turn on the coronavirus, not a treatment, not a vaccine on the symptoms of the disease but not the disease itself. promoting more medical research on the like her. have the money to do so. the latest, by the way, he is a doctor and practices medicine. very good to have you. what did you learn at the cdc? >> this is the third briefing we've had in six days. just to give you an idea of the importance has been placed with this. i've been here through a number of other public health concerns, this is the most concerning, this is potentially the most dangerous of any of those crises
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we've encountered from sars to ebola to zeke up to today. this virus is spreading rapidly. last thursday was 7000. 240006 days later. reported deaths were under 100 weeks ago. they are closing 400 today. that gives you a sense of how important this is. good news, the united states is only 11 and it has not increased in three days. so that's a positive. i've got to hand it to the administration, they did declare public health emergency last friday and they have stepped up controls on people cutting into this country, increased quarantines, this is important to people being quarantined for 14 days. traveling from a area with the virus prevalent because it's the last thing you want to started to this country. >> anyone going in that region whether they exhibit signs or symptoms are quarantined? >> screened at least three
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times, before leaving downstream. they are screened when they get here and if there is reason to think they have been in an area where the virus has made an appearance, they are either self quarantined or quarantined on military bases 14 days. fourteen dames seems to be a good length of time. some argue it should be shorter than that but there seems to be consistent opinions with 14 days still required. case number one in the northeast, fortunately self identified. i was from this area, i've been sick with the symptoms. maybe check that and they did. so that's good news. perhaps what we saw with ebola, people were affected and they
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were identified in the index patient. they did a good thing by coming forward and identifying himself. >> thank you. good having your read on this. you already know about the voting problems in iowa, other states have variations essentially of the same app. the technology that you don't know about that you probably should know about. ♪ ♪ ♪ everything your trip needs,
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for everyone you love. expedia.
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the celebration begins, kansas city with the super bowl parade is wrapping up right now. the cities first super bowl win 50 years. the democratic party is getting its caucus done after i was io
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iowa. >> good to see her. the app designed to streamline the iowa caucuses and provide more accurate and transparent results, a timely did the exact opposite of that. the fact that it was difficult for the users to operate. it wasn't user friendly. was founded by the former hillary campaign staffer. you're supposed to be used for the nevada caucuses november 22 but nevada democratic party thing is not going to be using the app after what happened in iowa. the iowa democratic party chair, he had this to say about the whole debacle. >> this is a conversation that happens every four years. there's no doubt that conversation will take place again. right now, my focus is making sure we get these results out. >> so now all eyes on how technology is going to be used
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in caucuses, primaries, elections going forward. as another case study and i want you to keep an eye on the conservation district in washington state. washington special election in february 11 presidential primary election is march 10. it's going to use an online portal, not an app instead of its traditional vote by mail. they are going to be printed, scanned and verified. they are going to move forward with this and with that process to emphasize there's differences here with the iowa technology but nonetheless, they're not going to shy away from it because this is an important part of the future. at the same time, we are waiting for the results to come in. >> it's ridiculous. thank you. in the 24 hours since we had at least the first wave of results released, we only got about 3% more. bernie sanders gaining a little bit but the fact the matter is,
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we have really not seen much movement at all. this is 71% from where we were and 68% where we were. it taking so long to get an additional 3% but it is what it is. nancy pelosi and president trump can't get along, as you know but there is help. a batter and coyote can. there's hope. ♪
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do not hours away from the closing actavis impeachment drama. the ultimate vote in the senate of whether or not to convict the president or not, most likely the devil is in the details. a couple of key senators. here's the latest. >> one of the most audible democrats up for reelection in this election cycle, doug jones says he will vote to convict president trump on both articles of impeachment. he struggled a little bit with the second articles of impeachment dealing with obstruction of congress, he wondered whether or not the house of representatives fully did everything they needed to do to prove their case but he will vote to convict on both articles. here is doug jones. >> it will be so many. they will look at what i'm doing
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today and say it is a profound courage, it is not. it's simply a matter of white and wrong. we are doing right. it's not a courageous act. it simply following the right. >> electing republicans to the senate, the nrs sees jones decisions to convict the president names it disrespected the overwhelming majority of those who stand with president trump. republican mercenary sender 2020 election year, that means it's too late to remove the president. >> the ballots have started being cast. i think it's out rages. i don't think any senators are paying much attention to what adam schiff and jerry nadler believe is the best thing to do. >> is 2:00, mitt romney from utah, he voted for witnesses.
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he will make his speech and announced how he will vote for o'clock eastern time. we were told he might be but it seems like indicate they should have it on the republik inside of the aisle. here's the process at 4:00. they grow individually to each articles of impeachment through first abusive empower and they will vote 151 guilty or not and they call onto the second articles of impeachment obstruction of congress and they will announce them on both. they need to 67 votes. they won't get anything close to that deal. i've always told here that history of the united states plays out under the dome here in the united states capital. that will happen later today sometime after 4:00. >> thank you very much. the trump administration pushing in this case, 5 million-dollar tax credit scholarship program.
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>> pennsylvania, we have a government who just vetoed a bill that would have expanded educational choice opportunities to let families just like hers be able to choose the most public, private homeschool for the family. he vetoed the bill and denied it. that's why the president last night said not only do we want to open the doors for her but we want to open freedom scholarship for people all across this country. >> we've got james friedman and ohio state senator with us. let me begin with you, the president is trying to say, can you imagine democrats not supporting this? you say -- >> supporting what exactly? are you talking about school choice? democrats usually don't support issues of school twice and here's why. it's the teachers union.
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that very well may be in a political aspect of this but someone who served in the state legislature for a decade, the concerns we have in ohio about school twice had oversight of tax dollars. if administrator appropriately part of school can be fined by york utilizing public dollars in a private domain at least in the case of not ohio, no accountability and no equity in performance. >> the teachers unions. the partner alternatives. >> the problem is that the performance records are nearly as good as the public schools. i'm speaking for my own experience. i would say that if there is pushback on school twice, it's usually because there's an inequity in performance and lack of transparency utilization of tax dollars. it sounds great and i know there
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are charter schools that work in places like new york. >> i do think it is about the teachers units. the same democrats who say the school factors or k-12 are awful, the most horrible thing. pell grants, when it comes to college, they found out kids 18 years old older go to a state school like georgetown or private schools like princeton or stanford. k-12 the same opportunity to choose where you go to school, it's antichild, i think it goes back to the fact that the teachers on the democrat party, they pay for them and democrats don't want to see that stopped. it's too bad for them. >> he's pushing for every success story like this. one woman featured last night, and others. >> that's the market, which we don't have with people and
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education when they are stuck in the government school and they don't have options, they can't go out into the market. of course, if you have an open market, some will do better than others. then parents can make their decisions to go to places that work and take their dollars away from the places that don't. obviously it's an issue they feel strongly about. they feel like it may be politics as well to parents who are looking for an option after the vice president went to philadelphia, he went to the catholic school along with the secretary talking about the amazing things this school has done with very low income community getting kids into all kinds of great colleges and not everyone can get those results but if you have competition, parents can find the places like the philadelphia school. >> opportunities last night, featuring an individual who benefited.
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>> opportunities helping americans like army veteran tony from cincinnati, ohio. after struggling with drug addiction, tony lost his job, his house and family. he was homeless. then tony found a construction company that invested opportunities. he's now a top tradesman, drug-free. reunited with his family and he's here tonight. tony, keep up the great work. [cheering] >> i'm grateful for the opportunity the president did pass a deal that would give this opportunity because like he said, it's what happened to me and it's a story i want to get out. that's the main thing that's important to me. >> it's not really the democrats this opportunity. >> when he was secretary -- >> absolutely.
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so there's more on this than what meets the headlines. >> i would hope we see more like us. we often see things like infrastructure and cities and rural communities and everyone shares in the benefit of that. i think opportunities are the same kind of thing. there are number of communities across the country that particularly from the communities i'm from that have suffered from economic decline and so opportunities provide for that chance. >> the difference in the parties of whether opportunities should be targeted. >> the pushback on democrats, they are saying the opportunities are putting the money in the pockets of already wealthy real estate investors coming in and taking advantage of low income communities to put more money in the pockets.
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we are going to need to wait to see how this bears out to see who really the winners and losers are. if we could litigate, the better off we are long-term success in our urban centers that could potentially be beneficiary. >> this is great news. happy to see this on number of levels. the program came out of the tax cuts asked, this is a part of a big tax cut, zero democrats are due supporting it. we hear from the left all the time on how trump is racist and hayton black people. there is this black man in the house gallery, a black mom and her child benefiting from us. >> what did you make from that? >> i thought it was terrific. you look at that support for black colleges and universities the idea that trump is a racist is a biggest lie around here. it's a vista talking point. blonde haired blue-eyed people in the gallery if he wanted. if you really were white supremacist what she's not. he had a number of black people
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including that general. and of course his great-grandson up there, too. this is terrific. it shows all the positive things this administration are doing for black americans and i'm glad this is being showcased. >> i'm hoping the president may inspire some big cities. opportunities are a workaround for the fact that a lot of cities are hostile in business. high tax, high regulatory burd burden. if you want a business to come look at the new york city and other places, there tends to be a campaign from local state federal government to show how the burden can be reduced. it would be nice if you just had a nice low regulation environment for everybody. >> we are going to take a quick break. nasdaq and s&p both on face for record close here. the dow is not that far away. microsoft and amazon getting a lot of attention.
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they want to come to the market, it's cutting its ideal price ahead of its big debut. what's going on there? >> the uniform of the year to test the markets in initially, the online company topic it may beget 17 -- $19 apiece for the shares. reducing the price range, 12 to $13 and i guess this is another sign for those unprofitable unicorns which were $60 million last year. over a billion dollars a year probably have to offer more to get less in return. our disappointment from we've work at the end of last year.
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also, uber and lyft still trading below their ideal prices. this does not go well for some of these ipos like the airbnb's and door -- and post mate when they test the public markets. some of these names like you see in the new york stock exchange, we also have the owner of a new stock exchange, better known as ice bidding to buy ebay. i think ice may look at the online market base and how well they match up buyers and sellers which is pretty much what stock exchanges do. this disappointment with the surprise bid. we have been falling in recession and my favor story of the day, disney was 28 points, doubling from november. if you look at the stock, it is falling despite the better
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quarter than expected. that's because espn subscribers are cutting the cord. the fastest clip on record. down for the half% over last year. disneyland and hong kong disneyland both are shut for the coronavirus and they are going to lose $5 million in sales respectively. don't you love baby yoda? >> no. just kidding. the disney plus thing, a lot of them got it for free. >> 20%, that's about 5.7 billion. still, 523 million paying subscribers. >> it's only in a few months to get that. thank you very much. the money is and how they are remembering what their parents went through, they would never go through that themselves. while apparently time can heal a lot of wounds. because now they are in the market themselves. thank you. ♪
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growing up in the markets here and that thou, the record books here. the nasdaq are doing the same or trying to. making money off charles paint. >> a lot of input today, i believe early on before open the big news, the government report was stock market and the state of beginning address. it was absolutely phenomenal, president trump was upbeat about
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where we've been as a nation and where we are going. i think i will thing played into that as well. if you're in a stock market, we discussed this many times, you probably want president trump to be reelected but then we start getting good data. it's not always the same for friday for 291,000, it's a mind-boggling report. we had a number that came in better. every time the numbers came in, but just moments ago with the coronavirus, i didn't think that was a big deal early on but we did get some news big day the stock among occultists reopened 23% right now. whenever we started to drift, the markets found a new catalyst. >> you have worries about new ipos, they might be one of them. people have their best, it will be still dictated by this coronavirus.
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>> even as a traitor, i guess that been around too long, i don't want to sound jaded but i think overall, when i see a company come out with great numbers, give me great guidance, that's what i'm going with. weeks or a few months, i can't let that be in my longer-term goals. >> not a bad idea. i know you had other remarks but i ripped them off. [laughter] >> you don't wait for me to finish. [laughter] >> the state of the union's last night. all right, always good seeing you. twelve minutes away. the president working class jobs in the state of the union address. grady is here to break down the numbers. >> the president touched on a lot of his achievements during his speech last night.
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a lot of them involving the economy. listen. >> this is a blue-collar boom. the unemployment rate is the lowest in over half a century. the median household income is now at the highest level ever recorded. [applause] >> let's start with unemployment. you can see unemployment during president trump three years in office so far is lower than any of the five previous presidents before him. of course for contacts, obama took over in the middle of the recession. president trump took swipes at obama and attributed some of his success to his reversal in certain policies like deregulation and tax cuts he made. in terms of manufacturing jobs and that blue-collar boom, president trump has added nearly 600,000 jobs during his presidency much more than president obama three years and
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who later said in 2016, those kinds of jobs are not going to come back. it's also worth pointing out that president obama added more jobs overall in the last three years of his presidency compared to trump's first three. once the economy started to recover, the jobs followed. whether president trump will get another term top the numbers, will be seen but he'll clearly bring that up on the campaign trail. >> thank you. you don't need that, if you can build and repair, any of that stuff. back with our panel, i'm looking at that, look at like the pope months in advance. he's doing something right. >> vesture. i was in a restaurant here in new york a couple of months back in the bartender and i were talking about it and he said i went to play welding school. i said what you think you can
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make? he told me after a few years you expect to make 180 -- $200,000 a month. if you could get those available for people because not everybody will be something of that sort. a vocational schooling partnership program president trump is pushing, that's the next way to get people to do well in cases like these, very, very well. >> those are very valued skill sets. >> tangible skills in the economy are rewarded. he got a lot of applause last night talking about expanding these kind of apprenticeship programs or vocational training but i think there's also now a new healthy questioning of the
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value of college degrees, what exactly am i going to learn? how much in my paying for it? what can i expect for this major or that program once i get out? what's the income going to be? at something that really should have been going on all along. all of the federal money thrown into the market is distorted a lot of decision-making. >> so many of those jobs we have to bring in from abroad or ship out abroad. it's in our interest to encourage it right here. >> this is a bipartisan issue and i come from the industrial midwest, we have always supported apprenticeship programs, investing in the building trade and we need to remember your making that kind of money because you are highly skilled but also because of prevailing wages. policies at the state level to protect those strong wages which are earned because of strong training. >> another one that's getting a lot of interest from economists and what's happening on the
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housing, have picked up. we have a lot of data but one thing, who is doing the buying? a lot of millennial's. this was the same, younger versions of themselves. what do you think? >> sleeping in their parents basement to getting into their own houses. this is great news. what this also means, which is very positive, when they move houses, they have to bike dishwashers, refrigerators, washing machines and etc. >> hope they are made in america. >> they need an electrician. >> it ripples across the country. >> obviously people have made a lot of jokes about millennial's, taking along time to get started. this is positive, maybe it's a generation because of a
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financial crisis and its aftermath or precession doing a lot of the normal milestones of adulthood, they are now embracing, it's not just good for everybody, good for them and the economy but also a political edge to it as well. once people begin being owners, owning houses, having a stake in society, they tend to think about those things and they vote on issues and spending taxes and other government policies. >> speaking of which, maybe you can give me an update. young voters in particular. >> i'm not a young photo. i'll pretend to be though. >> i'm wondering mayor pete and joe biden, where's their head out right now? >> i think it depends on with iowa in particular, the caucus goers in iowa seem to skew younger which may have benefited mayor pete to an extent who is i
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believe 37 or 38 years old, looking for some kind of excitement and motivation fact. interestingly, mayor pete performed well with older voters in rural areas. very much the mere image of the 70 something-year-old bernie sanders who seems to elude the hearts and minds of bernie tattoos that look like bernie sanders. [laughter] >> interesting development, we wouldn't assume the gunk would gravitate towards that. the last group was ronald reagan. >> including yours guhle at that time. >> bernie sanders and a lot of supporters are college students, 60 years younger than he is or something like that. i think the economy is a big positive, the gop will pick up support from people living at
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parents homes and are not being able to get out. gop are to pick up those as well. >> he's got a good story to tell your. he just recited one economic statistics after another, i thought it was very compelling and i think it's compelling. >> thank you all very much. they must have done something right. the president is about to meet with the opposition leader, trying to see, it's an uphill battle. ♪
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neil: major market rally going own. charles payne, i don't want you to sigh i didn't leave you in good hands. charles: i appreciate it. i will see what i can do from here, neil. good afternoon, i'm charles payne and this is really "making money." market on a run boosted by the american consumer and president trump's declaration of an american comeback. >> this is a blue-collar boom. [cheering] charles: the president echoing something i've been saying for months. we'll 2005 into this blue-collar boom coming up. plus political divisions were in high display culminating in one of the most egregious moments in the state of the union history. we have it all covered. then there is this. >> joining us in the gallery is the true and legitimate president of

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