markets three times. to read more check out this week's edition of barron's.com indefinite follows on twitter at barron's online. that's all for us, see you next week on barron's roundtable.than 5-foot nine sin. very special show coming from new hampshire and i'm a very special guest. >> from the fox studios in your city this is maria bartiromo's wall street. maria: hello happy weekend and betty will come to the program that analyze the week that was in position for the week ahead. i am maria anil coming up at my exclusive interviews with two titans in the world of business and politics. my one-on-one with treasury secretary steven minutia and as he gives is 2020 outlook on the economy. and then later my sitdown with nfl commissioner as we discuss the major decisions he has this year the business of the nfl, coming up a bit for stray me right now to discuss 2020 and investing today, and investing in the coming year

hank smith with just under $10 billion in assets under management. hank it's great to have you this week and thanks for being here. >> it's night to be with you maria. >> we have a lot to talk about with the worries over the coronavirus and the credible market that has a record after record this week. we have pretty good jobs numbers, and we did have a good performance. do you want to put new money to work given the worries of a corona virus the worries we could see economy is slowing because the first quarter shutdown and china. even in the face of always record highs? >> the short answer to that is yes we do. because going into that the 11th year of a bull market, the building blocks foundation if you will is still very, very positive. that is low inflation, low interest rates, growing economy, growing earnings and

strong balance sheets. these are the building blocks of actually create returns. that actually hasn't changed with the coronavirus. incrementally the news is getting a little better when there are more people contracting it. but in terms of finding a cure and being able to treat it. i think the news is getting incrementally a little bit better. we need a reaction in the market. the 7-foot thing the dat and healthcare side, the worry is when the market goes off on the china coronavirus issues. because you've got planes, no in-n-out travel there, airlines are saying were not traveling to china. you've got companies like starbucks and google are shutting their offices there. are you worried about parts

shortages, component shortages, medical supplies. i was on the phone with a hospital guy the other days who said they were waiting for simple things like plastic gloves and masks. are we going to see bottlenecks and shortages with the earning shortage later near? >> yes it could be an economic impact in china and emanating globally as wellin the united states. you mentioned some of our companies being impacted. we believe it's going to be transient, short-term in nature. and if you look back over the last 20 years, we have had seven of these types of viruses. and in each case, after the first reported outbreak, six months later the s&p 500 was positive in each of those cases. that tells us there was not a long-term impact whether it was sars, ebola, mercer,

whatever the virus was. so i don't think it's going to be different this time. maria: 's you have to understand each arms around how long this coronavirus will go on. because the duration of a lance of the question. when you look at bond yields now they are rock-bottom levels. you say like you're going to get more opportunity when you look at stocks and company that pays dividends. often times you have dividend payers who are higher-yielding. >> look a week ago we had the ten year treasury decline 40 basis points down to a low of 1.51 of that it's a remarkable low in interest rates. that further enhances the valuation of six in, or cash. to us it is really a no-brainer in terms of where you put your money. bonds are dramatically

overvalued. stocks are still reasonably valued given low inflation and low interest rates. maria: so what do you worry back in word you want to put your money? give us your ideas for 2020 in terms of sectors or individual stocks. wherever you want to go. i know you like a handful of sectors including cyclical and industrials. tell me why and where you want to use in capital today. >> this is been two themes that have worked throughout this economic expansion and bull market. one is having a balance between offense and defense. when you are only growing at 2%, and we do expect faster growth this year. but not in the 3% range. if you are only growing 2%, that's not enough growth to overweight the cyclical sectors. but you do want some representation and industrials basic materials, financials, technology. but also, at 2%, we believe

there is very, very little risk about a recession. if we thought there was more of a risk, we would overweight the defensive sector such as staples and healthcare. so at 2%, we once that balance. the other theme that plays into that, and this has been true throughout this bull market, is you can get better income from stocks then you can bonds. so if you are interested in income, and the added bonus is you get growth of income by buying dividend achievers. those companies that increase dividends each year. and you do not do that when you are buying a ten year treasury or even corporate bonds. you are fixed at whatever that coupon rate is. maria: is great to see you thanks that much.

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learn more about becoming a donor and access free patient resources by visiting end sickle cell dot org today . you or someone you know could be the cure. maria: welcome back treasury secretary steven mnuchin says it's too early whether the coronavirus will impact global growth. in his exclusive interview that treasury secretary explains why china cut tariffs on imports this past week. >> of this is part of china implementing phase one, which is our big focus at this point and this is one of the moves that's a big step in the right direction. maria: saw how worried are you about the threat of corona virus. we know this is basically shutting things down and china. you've got no flights in-and-out, you've got a

number of american country shutting their operations. already we've heard my handful of companies it said look, i need certain components that are going to be held out. i was talking to a hospital executive the other day who said they are not getting their medical devices, components that they need coming from china. is this going to impact the u.s. economy down the road? >> maria, i think were taking very careful approach to the virus. first we want to say we appreciate the way china has been working with us and other countries. i appreciate all the resources that the u.s. has dedicated to this. i think we will have a much better idea in another week or two as we monitor how the virus spreads. so i think on the one hand, we want to be careful and considerate. it is too early to tell. i think looking at and modeling the economic impacts, we have some pretty wide ranges. i think after another two

weeks, we will have a much better way to model how this virus spreads. maria: at some point if china, the first quarter is taken out of china, that does impact the rest of the world, correct? because it's a much bigger portion of economy that is just five years ago. >> it could impact the rest of the world. set this point we have not seen big issues in regards to supply chains. but again this is something we are monitoring very carefully, and as i said we have a better idea how the virus spreads, based upon the current statistics it is something we are monitoring very carefully. maria: what is your sense of the job security today whether or not we are going to be able to keep up this very strong hiring we are seeing where wages are higher, even the highest on the bottom end of the income scale? >> maria, there is no question the president's economic plan is clearly working in the u.s. it is a result of tax cuts,

regulatory relief, and trade deals that we are seeing a strong u.s. economy. and we are seeing the numbers that we really want. that's very strong job growth and wage growth. and i would just, that gdp is slightly under our projections as a result of some particularly one-time things. boeing and gm strike and others. the president has been very focused on delivering for working people and we see it in the numbers. maria: is it fair to say expect to see that continue through 2020? >> absolutely 2020 and into 2021 as well as the president continues his economic agenda. maria: are you still looking at a 3% economic growth for 2020? >> i think our productions have been reduced because of boeing and other impacts. so it will be lower, i think we would've had 3%, but again boeing has had a big impact on our exports being the largest

exporter that could be a 50 basis points or more. there is no question that the virus will have some impact on global growth and some impact on the u.s. but again we are very focused on the president who is delivering jobs and delivering wage growth. maria: you said you have some confidence that you could work on infrastructure and i know you have had talks with house ways and means chair, do you think you can get an infrastructure plan together and perhaps talked about, and a legislative agenda on that this year? >> well, the president was to infrastructure whether we can get it done this year or whether it's going to have to wait until after the election. i am not going to speculate. as you know the president has been trying to do this for the last few years and the democrats have not moved forward with us. we will see, but if we don't get it done this year it will be top of the list right after the election. maria: the president why

specimens although studies considering another tax cut plan. this is bringing up worries about the debt and deficit. i've got to ask about this. you've got a trillion dollar infrastructure plan that you're talking about. some people say it's much more is infrastructure as you talk with the house ways and means. and the tax cut plan, the president told me he would like to not only make these cuts permits for individual but also cut taxes further for the middle class. when does the debt and deficit become an issue for you? i understand rates are about rock-bottom lows. but you know the truly dollar deficit every year has people worrying about breaking the bank. >> well maria, those are very reasonable questions. what i would say is the deficit right now as a percentage of gdp, it is manageable, but we need to work down the deficit over time. under the president's budget proposal, we reduce that significantly over the next ten years. but we really need to do qaeda

maria, is simple just to grow the economy faster than we grow government spending. and that will reduce the deficit. maria: the chinese just lowered tariffs, would you be willing to cut tariffs to chinese goods? >> the president is willing to cut terrorists but that is part of the phase ii agreements, not part of phase one. one of the reason we left on a series of tariffs was to incentivize them for phase two. and the president has said, if we get everything we want and phase two we will cut all of those tariffs. but we may do this is to aid, to be, to see and drop tariffs along the way. but our big focus right now is implementing phase one which will be of historic agreement that the president led. maria: my thanks to treasurer steven mnuchin.

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maria: welcome back the nfl is celebrating its 100th anniversary with the highest season of ratings in years. the sports has several major decisions to make rate among them the renewals of contracts with media partners. in exclusive interview i specked with nfl roger goodell to talk but the future of the league. >> we would love to be available on the broadest medium that's where network partners are important to us. but we have supplemented that by bringing in other opportunities to reach fans that may not be watching on network television. they may not be watching the full game, they may be watching the highlights. so social, over the top. digital, transmission of our broadcasts are very important

to us. and so we make our games available on almost all of those platforms. we make it easy for people to engage. because we once the broadest number people to watch, and to engage, and to share. maria: so how have the curtain partners been in terms of distribution. obviously the broadcast gives you that tremendous reach, you've got the pomp and circumstance, the pregame, the halftime show after show, and all of the promotion that goes with it. but you have seen a difference with the partnership with verizon for example. how else does that evolve? >> verizon obviously is developing the mobile network. they are very integral by converting our stadiums to 5g. so consumers in the stadium can download anything they want and spit anything else then went back out. that makes the expense bed in the stadium. maria: did you start opening these discussions? >> it we are always in contact with their media partners. we work thursday night

football. we do that with fox. emily brought in amazon to do over the top. and we have it on our nfl network we call or try cassa people can enjoyed our game on whatever platform they want. maria: do you want to change some of the packages then? you mentioned thursday night, people wonder about the sunday ticket and the commitment with at&t. have you discarded those discussions? >> those discussions are always ongoing. i wouldn't say we were in formal negotiations, but we already have discussions. we are open to changing packages, changing partners, doing the best thing we stand for our fans. and for the league overall for the long-term. kennedy maria: i know we'll be rocking on fox all day and all weekend. how are your talks going with the players? they understand this too by the way correct? the collective bargaining agreement you said you've made a lot of progress and you have addressed some difficult

issues, it productive dialogue. what was most difficult? i know you can't say much. >> one of the challenges in any type of collective bargaining system and negotiation is also the opportunity because when people really put their focus on, okay here are the challenges, now let's work to try to find solutions. our players have been extraordinary in looking at that in coming up with solutions and saying what if we tried this. but it actually leads to really terrific solutions when two parties can come together and say here is a great outcome. maria: what is your timing on that when you think it be done with this? >> i don't know, when were finished. maria: you're not a rush? >> i think there's a lot of benefits to being in a rush in some ways but i think it's better to do it right. maria: a year ago we were talking about protest, the kneeling controversy, concussions. now her tongue that ratings being up, great strides in rule changes, equipment

upgrades. what are you going to do to make the game safer and continue to make the game safer? >> first off i think the quality of the game's work starts. but as you point out, there are things we been working on for years that bear fruit and that his health and safety. we want to make sure every game is a safe as possible for our players. so why do we do to do that? how do we train them? how do we take techniques and drills out of the game? maria: new helmets? >> new helmets we have new helmets being introduced this year. all of that will raise the health and safety of our players. maria: you talk a lot about the integrity of the game over the years. but we are going to see over $100 million legally wagered on the game at least. we've got her member that the raiders, how do you look at sports betting? >> i don't think you ever take your eye off the integrity of the game. that's number one force.

i also think it's an opportunity for us to engage our fans on different platforms. you mention the legal market, the illegal market is still billions of dollars more than that. and so, we are also going through a transition here. but what we want to do, his focus on the consumer experience and making sure our consumers are protected when they do engage in any kind of gambling. maria: i said to me started out is this a billion dollar revenue and you said easy for the day. maria: easily. maria: for the whole event. maria: a thirty second spot goes for five and half million dollars. spot. said that is not including the pregame, that's not including all the goes around the game, all the people are investing. i think the economic activity just here in miami will probably be 500 million plus with an economic impact.

maria: my thanks to roger goodell, don't go anywhere, more wall street right after this. ♪ ♪ as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. 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. ♪ (crowd noise)arella stick!

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with us every weekday 69:00 a.m. eastern. have a great west of your weekend have it great weekend thanks for joining it. see you next time. ♪ ♪ it sunday everyone. thank you for joining us. president trump this past week is acquittal and the state of the union address. the president's personal attorney rudy giuliani plus we are two days away but the next big one by the democrats. super tuesday march 3. also this morning, cast tall death toll from the coronavirus. plus fighting the departmen