to you, appreciate you joining me. dan niles on apple who has been on the company in the ups and the downs throughout the several years, that will do it for us, have a great day, everybody, varney & company is next, stuart varney. stuart: apple and the virus number one headline today, they warned they are going to take a hit, slowing demand in china and supply chain worries, the stock premarket down 7 bucks, 2 and a half percent. another virus worry, it is more deadly than first reported. apple took off about 80 off the dow. nasdaq taking a hit, that's at the opening bell. next politics, do we have news for you, item 1, bloomberg will

be in tomorrow's debate, 19% in poll, he's on the vegas stage, he bought his way in over $400 million of campaign spending so far, item two that poll pulls bernie sanders way out front, 31%, he's now the clear leader. item 3, more taper -- tape emerges and black and latino males don't know how to behave in the workplace, ouch, what a day, what a week to come, 3 trump rallies, by the way. varney & company is about to begin ♪ ♪ >> enormous cohort of black and latino males age let's says 6 to 25 that don't have jobs, don't have any prospects, don't know

how the find jobs, don't know what their skill sets are, don't know how to behave in the workplace. stuart: last the latest mike bloomberg tape to emerge. joining us james freeman, those kinds of comments and he's made several of them, that's not the way to go in politics, you're insulting population, he's going to be in the debate, he will be a target. >> i think what we will talk about the debate is results, he will talk about the thousands of young minority lives that were saved by the safer city that he helped turn new york into and as you know ray kelly, police commissioner through bloomberg years very popular in minority communities because insensitive remarks and bloomberg apologized

but they did make city safer. stuart: a huge problem on his hands, he's a democrat, running as a democrats and key constituents are black and hispanic youngsters, that's just the way it is. notice who is in first place, it's bernie sanders. >> yeah. stuart: 31% of the vote, this contest seems to be coming down, divisive contest socialist and bloomberg. >> i hope we do get this this debate finally a real clash of ideas, you've had amy klobuchar raise her hand saying she's not comfortable with socialism, joe biden and halting way explain how socialized medicine will cost too much. i'm hopeful that in michael bloomberg we will get somebody who will attack the idea straight on and explain why socialism destroys prosperity, destroys liberty and makes people liberty which is the track record of the last century. stuart: it's going to be an straiter contest.

>> i hope so. stuart: 60 billion-dollar mangos up against the socialist, they'll fight it out as to who is going to be the nominee, this is fascinating. >> i don't like the term buy the nomination. he's bought 350 million, 400 million worth of advertising to get his message out. stuart: would he be second in the poll without spending 400 million bucks? >> he still has to reach the voter and voter has to be persuaded. over time money alone doesn't do it, and i think you may see out of him a similar argument to what we saw from donald trump in 2016, essentially that this is one of the most transparent campaigns because you know exactly who is funding it and you can look at him and make a decision. stuart: the president is salivating, he either goes up against 60 billion-dollar man or

socialist. >> a billionaire against a billionaire. stuart: proven success with the economy, the sitting president versus an insurgent socialist and 60 billion-dollar man. he wins, surely he wins. >> i think bloomberg if he wants to be competitive has to be careful not to move too far to the left in order to win nomination because then he will not have the contrast that he wants. stuart: how would a billion dollar man move to the left? >> his climate is multitrillion, plans on health and education, not as huge as bernie's but still expansive in terms of government spending, government control, so if that -- if that package of issues gives you essentially what you're getting out of democratic candidates, i don't think he has the edge he might otherwise have on donald trump. stuart: i think we can agree that it's fascinating, we are having fun. [laughter] stuart: let's get back to the

main money story which is apple and the virus, it is going to be a drag, apple is a dow stock, drag on overall market, they say, look, coronavirus, covert 19 will hit revenue. >> apple sending shock waves, flood gates have been opened according to analysts, most widely held stock, representing 5% of s&p 500, so when it falls it takes broader markets with it and ripple effect on global suppliers as well, coronavirus are crypt production. and as a result you're seeing ripple effect around the the world. stuart: who is next? most valuable company in the u.s. -- >> possibly their profits, but this is a big short-term event

that people need to be watching for, we get the cheaper iphone that was expected in spring of this year, some people saying there might be an event in march, i doubt it's going to happen. stuart: stock is up 10% since just this year. >> just this year. stuart: wal-mart disappointing holiday sales, jackie dangelis. >> it has tempered their expectation for the coming quarter, it's a wait and see kind of situation, wal-mart has so much exposure when it comes to china but the other issue impacting wal-mart, it's worried about e-commerce growth, for the quarter it came in at 35%, that was strong, it's also saying that that could slow, add that on top of the fact that you had a -- weak demand they said for holiday things, toys apparel and

video games and the stock didn't do so well, the company rather missed on in terms of estimates but you can see there it's up 3 quarters of a percent, that's because traders said you know it's all out there now and can get baked into the numbers. stuart: got it, jackie, we will cue up the organ music. chapter 11 bankruptcy. ashley: lost 80% of value over the last 12 months, this comes as no big surprise, bankruptcy proceedings chapter 11 looking for a buyer, 450 store locations including all of those in canada, this is a -- look, sales have been down 9 consecutive quarters, it's got a massive amount of debt that is trying to service and this is now they are asking people to submit to buy, if you're interested, stu, you have until march 23rd to get

your bid in. stuart: i'm being facetious about a company. check futures, we will be down across the board, apple warning has upset investors, down for the dow, s&p and nasdaq, how about this, fiery end to daytona brian, the driver ryan newman, the president tweeted about it, we have the full story coming up for you, the president helping daytona 500 ratings, viewership, because he was there, we will call that the trump bump. big week for the president, 3 rallies, kicks off tomorrow night. the democrats battle it out on debate stage in vegas tomorrow night, basically bernie versus bloomberg, moments away how bernie is going after bloomberg

on campaign trail, big day, big week, we will be back. copd makes it hard to breathe

so to breathe better i started once-daily anoro. ♪go your own way copd tries to say go this way i say i'll go my own way with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. do not use anoro if you have asthma. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you a heart condition, high blood pressure, glaucoma, prostate, bladder or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes,

or eye pain while taking anoro. the most common side effects are sore throat, diarrhea and pain in the arms and legs. ask your doctor about once-daily anoro to start treating your copd. ♪go your own way save at anoro.com

stuart: busy week for the president and then some, begins this afternoon, by the way, he has 3, count them 3 rallies, arizona, colorado and nevada, the first one is in phoenix and that's tomorrow just as the democrats debate, "fox & friends" correspondent todd piro is with us right now, he's taking it right to the democrats. >> he's taking it right to the democrats and we are taking it right to him. i will be at two, logistically we can't get there, we talked about this a lot how the split screen is going to take place, he will do that throughout remainder of campaign season, president trump will do that rally and distract from it. stuart: take a look at the crowds that bernie has been attracting, i think we have 17,000 at tacoma, washington, tacoma, thank you, ashley.

10,000 in the san francisco bay area, it seems to be shaping a sanders versus bloomberg, hold on a second, listen to what bernie is saying and taking a shot at bloomberg, roll tape please. >> but it is not only -- it is not only a rigged economy it is a corrupt political system. now, mr. bloomberg like anybody else has a right to run for president, he does not have a right to buy the presidency. especially after being mayor of new york and having a racist stop and frisk policy. the american people are tired of billionaires buying elections. stuart: here is how the bloomberg camp responded, quote, it is shameful turn of events to see bernie sanders and donald trump deploy the same tactics, attacks and tactics against mike, the reason is clear, the

primary is bernie's to lose and ours to win, bernie knows this, trump knows this, that's why they are united in the campaign against mike, todd, bernie has momentums? >> we are on the west coast with socialist policies will play much better in san francisco in a washington state, but there's somebody at this channel that is extremely knowledgeable, i'm not going to say the name because i haven't gotten permission in may of last year, may of last year before anything happened, he said bernie was going win this. look where we are right now. stuart: you're not going to tell us, is it you? >> i said somebody knowledgeable. stuart: is it me? [laughter] >> what i find fascinating, we keep going to bloomberg bernie thing, bloomberg had an absolutely atrocious weekend, we are focusing on the comment and stop and frisk comment not to mention the frisk falling in third place, he wants to kill grandma with health care comment, he says basically

95-year-old, we should just send them out to pasture and enjoy your life and there we go. the combination of all those 3 comments, he has no -- nobody likes him on the right or the left but look at where he's polling. stuart: he bought the polls. >> regardless of how he gets there, that's still the number. stuart: okay, hold on a second, let's show you how much he's spending and how he has bought the poll, there you are. spending more than a million dollars a day on facebook ads, a million a day. >> 9 million over the past week if you want to count it and that dab -- dwarfs everybody else. trump only spent $480,000, bernie sanders spends half a million dollars, i think a good test in terms of whether or not you can buy an election, but don't forget mayor bloomberg spending $344 million, most of the ad buying is going into the states, 14 states on super tuesday and 4 particular states

getting 35% of his money, california, new york, texas and florida. >> super tuesday election. he's spending 120 million. ashley: 124 million, more than ten times than competitors, 14 super tuesday states, bernie is pouring in ground workers, 55 in colorado that beginning mail-in primary, i mean, this is a person that's spending tremendous amount of money, he's blowing off south carolina, doesn't care of those, march third. stuart: he's bought momentum todd piro. >> we are not talking about tv commercials and not to mention the staff, connecticut democratic party, various players there can't hire anybody because bloomberg is literally doubling the offers from the sanders and the warren and the other campaigns and for somebody, you know, we talk about capitalism a lot,

capitalism is alive and well in the democratic primary. stuart: absolutely ironic that it's the democrat party which is probably going feel this guy as presidential campaign and they rail against billionaires, they rail against income inequality and disparities of wealth in our society, don't you love it? >> it's beautiful. stuart: well done, piro, great reporting. >> thank you, varney. stuart: good reception. look at the share price of tesla, now stock is up nearly 40 bucks this morning, they are actually taking heat from the greeners in germany of cutting down trees to build that giga factory in berlin, i promise you more on that one, priceless after the market opens, overall, futures dictate a downside move for the market all across the board, now this, the economy is booming under the president but president obama is trying to take credit for it, we will show you exactly what mr. obama is saying after the break. [ fast-paced drumming ]

[ fast-paced drumming ]

it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. >> here comes hamlin, crash into the wall and the air goes newman. >> fist pump from david hamlin.

stuart: the talk is about the crash. ashley: getting clipped from behind running into the wall, the car flips right here. he actually comes across the finish line sideways with the car bursting into flames, he was transported immediately, look at that, we are told today he's in serious condition, but it's expected to survive, but that is a very dramatic end to the daytona no doubt, that is just -- the crash is dramatic. >> there's another side to the daytona and that is the tv ratings, susan, they were terrific. >> terrific. highest in 5 years. stuart: why? >> average of 11 million viewers, you're looking, president trump was there, you had the air force one fly-by, you had the beast, lap on the track, it was just showmanship to the brink, so 11.2 million

viewers, up 32% from last year, there you go. stuart: that's kind of low, isn't it? [laughter] ashley: very dramatic. stuart: whoa. i didn't know that. i couldn't see it, i would have watched it but couldn't see it. >> 11.2 million and that dwarfed the other competition, sports events on sunday, nba all-star game only had 8 million viewers, 20 laps. >> the winner will be on claman countdown, 3:00 p.m. eastern. let me tell you how the market is going to open, it's tuesday, long weekend, we are going to be down, the apple news that get taken a hit from the virus, that's what dominates the market this morning, down maybe 130 for the dow but a lot of that lost is accounted for by apple.

we will be back in just a moment. doug ♪ [ siren ] give me your hand! i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ she is on her way to our house. what? i got it. alexa, start roomba. the lexus es. eagerly prepared for the unexpected.

lease the 2020 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer.

>> we are opening this market in just about 1 and a half minutes, of course, this follows a 3-day weekend, mike murphy is here, heads up susan, heads up ashley, you're on camera, mike, start

with you. >> let's go. stuart: america is the best game in town because our rivals china, europe, japan are not doing well, what do you say? >> absolutely, not only best game in town, other market that is you mentioned like china right now and europe right now are not investable, you should only be focusing on the u.s., it's what we know, that's where it's growth, trying to pick bottom in markets is not a good idea, stay close to home. stuart: we still have some growth here, china's growth is slipping, japan -- ashley: it's been like this for some time. i don't think it's changed. stuart: it's more pronounced now? >> maybe. >> tieing the economy to the stock market which is the best thing for the people watching at home. >> last week we saw record number of u.s. bonds, no other place for you to get returns at the point, you have to pay in europe to hold anything, i think in terms of economic growth you still have 2%, maybe 3% growth

maybe far off, consumer is still strong, this is the only game around the world. >> the best gain. [bell] stuart: the best gain and florida real estate is the best investment, i'm just grinding an ax here. let's get the early check on what's going on in the dow. we are after a 3-day weekend, we are expecting a selloff, we've got a loss, minor loss, half percentage point down and i don't know the exact number but a good deal about dow loss is accounted for by apple which is sharply low at the moment and dow stock. okay, the dow is down .49%, got that. the s&p 500 that is down 3.9% and the nasdaq composite, i know it's down, ashley is giving me the thumbs down, the same as the dow, half percentage point. now, what's the quote on apple, down 9 bucks. they warned about revenue

because of the virus, down nearly 3%, 315 is your apple price right now. wal-mart, well, they expect slowing online sales growth after lukewarm holiday season but wal-mart last time i checked was on the upside, we will deal with that in a moment, how about the trillion dollar club on your screen right now, apple, amazon, alphabet down, microsoft up 30 cents, 185, back to apple, with you, mike, is it a buy 316? >> it's 1 and a half or 3% down on this guidance lower for the quarter, let the dust settle, no one out there can tell you exactly what the fallout will be from the coronavirus, so if you don't own apple yet you don't have to jump in and buy apple now, if you do own a stock this isn't a reason to sell it. stuart: susan has a smile on her face. >> but this is the second year in a row that we heard from apple warning on sales targets

because of problems stemming from china, last time they did this the stock went up 100% since their last warning, would it do it this time around, that's going to be hard since we are looking at some pretty strong gains already, but apple, they are saying this is only temporary and i think a lot of people do believe them because once the factories reopen, once the workers come back to work, you know, will they be able to get production back up and running as quickly. stuart let me deal with wal-mart real fast, they are up a buck, go figure, but amazon, that seems to me to be the clear-cut winner for holiday season, clear-cut winner, what do you say? >> absolutely, people are going online to do more shopping, if you look this morning, stuart, a weak quarter in wal-mart and the stock is moving up, why? when you look at -- compare to amazon, only two games in town for the e-commerce business, amazon trades about 90 times earnings, wal-mart trades 24 times earning, so as that part

of their business continues to grow the online, the e-commerce business, can they get a different multiple, can they be priced like a tech stock. >> amazon up 3 bucks, fraction of 1%, $2,138 per share. shoppers in china, they want more stuff delivered from alibaba but the virus is something of a problem. >> only operating at 20% capacity because of the coronavirus. they don't have the employees to fill the shifts, not many people are going up there to ask and buy for toys, clothe clothes. stuart: the stock is not down that much if they are only 20% capacity. >> one arm of -- we are talking about the logistics of delivery service, home-delivery service, one part of the business, main business is online, the mall system that they have, that's still doing very well, they also have other arms as well, cloud is also making up a lot of the

revenues and growth where the cloud is, as you know with microsoft and google, i would say you don't look at the stock broadly, i'm talking about deliveries and how they are transitioning to delivery service in china which is taking a bit of a hit in coronavirus crack-down. stuart: check out the big board, down 80 points, almost all of that is accounted by one stock and that is am. -- apple, the 10-year treasury yield, this is going to -- okay, money is coming in, price is up, yield is down, modest flight to safety in view of the virus impact, 156 is your yield, the price of gold, where is that this morning? up 6 bucks, 15.93, the price of oil, $51 a barrel. [laughter] ashley: very good. stuart: sideline comments, $51 a barrel. the story that i find, ashley, fascinating the greeners in

germany have a problem with tesla, tell me more. ashley: they are building a new plant that would battery and vehicle plant for tesla, outside of berlin, and 3 months ago the german officials were jumping up and down with joy, we've got tesla, first one in year, well, turns out the court says that they've looked at the complaint filed by an environmental group and they are going to put this project on hold while they look at the potential environmental impacts on water pollution and other issues, by the way -- stuart: no, no. the greeners took a look at tesla's plan, you're going to cut down trees, you can't cut down trees. ashley: ultimately what the court ruled on was the potential for pollution. that's what they were ruling on, not the trees, the pollution potential that this group claimed could come from factories. stuart: share lunacy. ashley: they were clearing the initial trees they found

187 pounds of world war ii ammunition. this habit gone well up to now. >> 5 billion-dollar investment, thousands of manufacturing jobs, wouldn't germany like to have their people employed and bring multinational company to invest in the country? stuart: you think, wouldn't you? you think? the greeners rule everything over there. it's all climate change. you can't walk away from climate change, good lord, this is europe. [laughter] stuart: okay, calm down, stu, take a look at amazon, please, jeff bezos pledging $10 billion to fight climate change. [laughter] >> the bezos earth fund, so he's worth around $130 billion, he can afford it, this is the launch of his new climate change fund, you know, stu, i can't describe this with you just laughing through the whole thing then, right, so jeff bezos says this is an initiative of his, he says it will start issues grants this summer, but this is a man who is not known for

philanthropic pursuits shall we say or donations, that has been surprising for the market, but whether or not he will make a difference we will see. stuart: pr, that's what it is. look at what president trump calls the maga stocks, microsoft, apple, google, amazon, all of them worth more than a trillion dollars as we speak, would you buy any of them mike? i know you own some of them already? >> the one i'm looking for is microsoft, i haven't owned it for the whole write-up as you did. more expansion coming from the company, any sort of weakness, 5 to 10%, if you believe in the long-term story this is a good place to put money. stuart: microsoft at 185 does not turn you off? >> i have a hard time buying at these levels, i want to own it cheaper in high 160's. stuart: which of the 4 do you own already? >> alphabet, amazon, apple. stuart: the only one that you don't have is microsoft? i sold it, you missed it. >> i did.

if you called me, i might have. >> there you go. [laughter] stuart: is that time of day, i have to say good-bye. ashley: already. >> you told me over the weekend you will have 3-day weekend in the united states, apple predenounce because of coronavirus and apple would miss quarterly earnings and i would be wrong. money in the sidelines that want to buy any selloff in the market, you can't fight the tape, you have to look at what is happening, two big companies negative news and the market down 100 points. stuart: we still just want to go up. >> right. stuart: you got your word in there. mike murphy, thank you very much, indeed, check the big board, we are down 100 points, that's it. 5, 6, 10 years ago that would have been a lot, now with 29,000 index, loss of 100 points is not that big of a downside move. on the show in our next hour we

have star of new netflix reality show which is called restaurants on the edge, since when is netflix getting into food and lifestyle programming, i thought that was cable's domain, i will certainly ask that question, check this out, it's a video of a brawl that broke out in the bernie sanders rally in colorado, this is a toxic political environment, isn't it? i have to ask jonathan morris what we can do about it, that's next hour, president obama taking credit for president trump's booming economy, we crunched the numbers, jobs, manufacturing, the stock market all better since the election. we will have more on that little contest in just a moment

stuart: president obama taking credit in a tweet for the economy and job's recovery, here it is, 11 years ago today near the bottom of the worst recession in generationsle i signed the recovery act paving the way for more than a decade of economic growth and the longest streak of job creation in american history. former reagan economist art is here, how much credit does president obama deserve? >> president obama is a fine man but not an economists, he did inherit a very bad economy and able to take from the trough a very slow growth, the slowest recovery in u.s. history but he did bring it back, it did come but what's really happened is donald trump an economist, he really understands the economy far better than president obama did and you are seen a continuation in the surge of the economy, second to none, obama has done and president trump

understands the economy, obama didn't, and i don't think obama was well served by his economic advisers during 8 years in office. stuart: are we at this moment the best game in town and i'm referring now to the economy of the united states? seems to me that china, europe, japan are all reeling either from their own policies or from tax increases or from the virus and we are not, what do you say? >> yeah, i think that's very true, of all the major countries there may be something somewhere like mirania or something, this economy is doing really well for a large economy it's run exceptionally competently and president trump deserves all the credit for this, i mean, he has great advisers as well, alarry kudlow as you know and steve

mnuchin are just phenomenal advisers and they understand the economy and they fit perfectly with president trump making it a win, win for everyone, trade has come through, tax cuts, deregulation, it's all there. stuart: okay, now that's the economy, look at the market since president trump's election, all of the indicators, the dow, is s&p, nasdaq, on the screen now, the dow is up 59%, the s&p is up 57% and nasdaq whopping 87% since 2016 election. [laughter] stuart: you're laughing but, look, in terms of stock market performance we are still the best game in town. >> i know. it is amazing, you know, after 7 years of a recovery, tepid recovery under obama, you get the growth at high rates, you get tax revenues coming in

nicely, you keep inflation under control, what's more to ask, this this is the goldilockses economy if i've ever seen one and because president trump understands economics, we are getting the trade deals, all of the stuff, way late in the recovery so i think it's the longest recovery in u.s. history. >> all because of trump. stuart: okay, this is more ammunition for you, new gallup poll says most people say they are better off now than they were 4 years ago. [laughter] stuart: does that remind you of anyone in your past? >> it does. i remember when the president are you better off than you were 4 years ago with jimmy carter and, of course, everyone knew the answer. he did it again in '84. i was an executive committee of the regan-bush committee on economic advisory board, everybody, yeah, we are, we are much better off.

the same thing is true with trump, much better off than we were, 61%, stuart, is the highest along with john f. kennedy, right at the very tippy top of the performance of that gallup poll and just amazing, and it's really true, trump really knows how to do economics and he's done a great job. >> okay, last question real fast, if any of the front running democrats, any of the democrats who are in the race, if any of them won, would we still grow the economy? >> not if they carried out their promises, we wouldn't, we would have a terrible crash, the thing that shocks me, stuart, and if i can be honest, i've been a democrat and republican over the years, i'm just really economics, i'm a kennedy democrat, i voted for clinton twice, the democrats don't have to be the suicide march, it's not part of their d and -- dna and part of history, they have

decided they will hate everything that trump did, if one of the democrats decided to be a progrowth democrat like kennedy or bill clinton or some of the others, they could sweep the field, no, no, they have to hate trump on every single line including the very wonderful job he's done on the economy, he's spectacular and they are saying it's awful which is stupid on the face of it. stuart: okay, i have nothing further to add, art, thank you very much, indeed. >> isn't it wonderful? stuart: thanks, art, see you soon, check the market. we were down well over 100, now we are down 87 points, a lot of the loss accounted for by apple, check out johnson & johnson, expanding -- ashley: they are definitely trying to find as people around the world some sort of treatment for the

coronavirus, there is no license vaccine treatment or even cure for this so announcement is that j&j will expand partnership with the department of health and human services to see what they can,. stuart: we have a presidential tweet, this is a 4-parter, long one so bear with me, i will read through, the united states cannot and will not become such a difficult place to deal with in terms of foreign countries buying our product including for the always used national security excuse that our companies will be forced to leave in order to remain competitive, we want to sell product and goods to china and other countries. that's what trade is all about. we don't want to make it impossible to do business with us that will only mean that order wills go to some place else, as an example, i want china to buy our jet engines, our best in the world, i've seen some of the regulation being circulated including those being contemplate bid congress and they are ridiculous, i want to

make it easy to do business with the united states, not difficult, everyone in my administration is being so instructed with no excuses, the united states is open for business, i think this is all about the possibility that we would restrict aircraft -- aircraft engine sales, engines made by ge to china, so that's the president weighing in on that one, check the dow 30, we have mixed bag, mostly red, i have to say that, 3 quarters to have dow 30 have r in the red, dow is down about 100 points. just this, i returned from naples, florida where the property market is really hot, i bet this is because of the tax exodus from high-state -- high-taxed states like new york, i will pull that to new york realtor who is on the show after this.

when it comes to using data,

everyone is different. which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome.

some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. stuart: as i mentioned a moment ago i just returned from naples, florida, there's a real estate boom town there and then some, really hot property markets, many of the buyers are people fleeing the script says leaving, i say fleeing high-taxed states, joining us now real estate agent

jill mcdowell. welcome. people are leaving new jerseys, connecticuts, it's a tax exodus, is that what's going on? >> that's what's going on and recent study that new york is number one on the state that people are moving out, new jersey is on the list out of 10, connecticut is on the list because the taxes are so high. stuart: i noticed that a lot of people are moving down there, gulf coast, illinois, another high-taxed state. >> it's nice living down there, in those states it's colder and people are gravitating towards lifestyle and taxes are killing people, especially in certain age groups where a lot of the property taxes especially where i work 3 quarters of it go towards the schools, so when you reach a certain age and you don't have kids in school, what are you paying for? stuart: i see the point. the other side of the coin is people moving into your area, you're a realtor in new york city, new jersey area, tell me who is moving in?

>> well, millennials make up 48% of the buyers right now. stuart: in which area? >> nationwide. stuart: 48%. >> they are preapproved, lived with mom and dad for the most part, they are able to save a lot of money for a down payment and they are ready to go, the problem is as we know housing shortage, inventories, bidding wars but they are smart, millennials are very smart, they have access to all the internet sites, so they won't overpay, so they'll watch and they'll only -- they will really only, you know, bid to a certain point and they say you know what, it's not worth it, i will wait. stuart: are they coming with down payments? >> they have saved it. 48% of the buyer pool are millennials right now and that is as of december 2019. stuart: but they don't have to worry about really, really high income and really, really high-state taxes.

>> right, not yet. stuart: basically starting, if they make it big, they'll be moving. >> yeah. stuart: you will help sell houses. >> call me. [laughter] stuart: first time on the program, we really appreciate it. >> thank you. stuart: if you're not careful, you'll be back. >> i hope so. stuart: appreciate it. >> thank you. stuart: some old comments made by mike bloomberg, they are really coming back to haunt him, yesterday video emerged of him disparaging in a kind of way farmers, today resurfaced video shows him insulting black and latino people, you'll have my take on that coming up in a moment and questions for you, where is joe, he seems to have vanished after new hampshire, coming up our guest say biden was a casualty of trump's impeachment, that's an interesting angle, back in a

moment. . >>hmm! >>cookies! uhh, biscuits. >>mmmm, is there a little nutmeg in there? oh it's my mum's secret recipe. >>you can tell me. it's a secret. >>is it cinnamon? it's my mum's secret recipe. call geico and see how easy saving on homeowners and condo insurance can be. . . look, this isn't my first rodeo... and let me tell you something,

i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you.

call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better.

♪. i'm out of touch, i'm out of time ♪ ashley: hall & oates. stuart: it is. that is hall & oates. the song of course is, out of touch. we're playing that is mike bloomberg is out of touch with his own party and voters too after his comments on minorities, farmers, factory workers. even obamacare. we will have more on that in just a moment. as it is 10:00 eastern time, we've got the latest read on homebuilders sentiment this is a reading from the housing market. what do we have? ashley: coming in a little light. oning in at a 74. the estimate was 75. i know you love those estimates but it was 76 in december, which was close to 20 year highs. it is off the last couple months but still, you know, i would say reasonably strong but not as strong as we would like to see. stuart: off a very strong uptrend. ashley: correct, end of last

year. yeah. stuart: looking at market. did it have any impact. i don't believe it did. the dow industrials down 80. s&p down six. nasdaq down seven. pretty much where we were before that indicator came out. all right. everyone, now this. first rule of politics, don't insult large chunks of the electorate. do not talk down to voters. hillary clinton learned that lesson the hard way. remember the deplorables speech? mike bloomberg is about to learn the same lesson. in 2016 he said, farming and factory work do not require much guy matter. classic elitism. he said he could teach anyone to be a farmer. quote, you dig a hole, you put seed in, you put dirt on top, add water, up comes the corn. i would say that is rather dismissive, and then some. in 2011, he is on tape saying

black and latino males, don't, quote, know how to behave in the workplace. that is not going down well with a key part of the democrat base now, is it? he said all of that before he was running for president. but in politics these days, everything you have ever said can be and will be dug up and used against you. now bloomberg is 77. he has been in public life for a generation. that is a lot to go at. his comments will affect the election. first he will further split the democrats. there is no way the socialists will ignore his dismissal of what bernie sanders calls the working class. if bloomberg wins the nomination it is hard to see him healing the division he made worse. the 60 billion-dollar man tries to buy the nomination while looking down on blue collars? the coastal elites are running away with the party but who is following them?

and third, bloomberg is solidifying president trump's base. it is a gift. don't look down on trump people. they really don't like it. the news own bloomberg today is that he is going to be in the las vegas debate tomorrow. there you have it. the debate stage will show the democrat split, showing the 60 billion-dollar man buying the nomination and the democratic establishment wringing its hands because they know deep down neither bloomberg or bernie have much chance beating president trump. let's get straight at it. scott shellady he is a farmer, i believe he was i do declare. he wear as cow jacket. let me roll the tape. here is what bloomberg said about farming. roll the tape. >> the agrarian society lasted 3,000 years, i could teach anybody, even people in this room, no offense intend it is a process, you dig a hole, put the

seed , put the dirt on top, add water, you have the corn. you could learn that the information economy is fundamentally different, because it is built around replacing people with technology and the skillsets that you have to learn are how to think and analyze and that is a whole degree level different. you have to have a different skillset. you have to have a lot more gray matter. stuart: we all know scott, that farmers don't have much gray matter and don't know how to think. oh, boy, go at it please. >> here is what i start with. i would like to ask mike, when you dig the hole and put seed in the ground and cover it up with dirt, what happens if it doesn't rain? what happens if it rains too much? he referencing the intellectual elite which he considers when it comes to technology because he has done so well with his bloomberg machine and bloomberg company. that is why he is slowly but surely moving himself into that.

that is why he is talking so nicely about that. but here's the deal, mr. bloomberg, in 1930, used pull about 30 bushels of corn from the same little plot of acre of land. we're almost up to 200. the national record was just beaten, with 616. that is done with technology. that is done with hybrids. that is done with research and development, with a gray matter he thinks he used to get his bloomberg machine so widely used. sew there are a lot of technology and research and development and a lot of smart people go into the agriculture. then you then have to decide about how i'm going to raise it when it doesn't rain or raise it when it rains too much. it is unbelievable that he said that. he has now made such a large part of the american voting public in fly-over states so angry. stuart: do you think it was a deplorables moment like hillary's speech? >> almost like he is trying to self-destruct with all the other things he piled on top of it. where does he think he will go with that? he is putting himself as an

elite. his bloomberg machine made him 60 billion. at same time it doesn't take much to grow a seed. what it doesn't rain or rain too much? look at hybrids. all the grade mind being able to yield a lot more from the same spot. that is called technology. stuart: right. you got it dead right. i talked to my son in new zealand, he is organic dairy farmer. i told him what bloomberg said, he laughed out loud. big time laughter, then he got upset. scott, thanks for joining us. see you real soon. heat me move on here because i have the dow industrials down 121 points. i want to move on to the poll that got bloomberg into the debate. that is the news of the morning on bloomberg. he is in the debate. look at the results right there. bernie is way out front, 31%. bloomberg is second at 19%. but we're hearing a lot about those two lately but where is

joe biden? he is third in this particular poll but he is way down. he almost fallen off the map. phil wegmann with us, "real clear politics." i think phil, you're saying biden's campaign suffered from the trump impeachment. make your case. >> much so. earlier conventional wisdom joe biden was juggernaut. attacks bounced off on him on the debate stage. iowa and new hampshire happened and it pierced the idea he was electable. a large part of the repudiation voters had questions about joe biden, questions raised by impeachment. you can't have impeachment about asking questions what joe biden was doing in ukraine. stuart: bernie sanders got 31%. i don't think any of the democrats for a long time gotten more than 30% of any vote. he is clearly the front-runner.

let me go back to bloomberg for a second, what he had to say about farmers and factory workers and minorities. was that a deplorables kind of moment? >> republicans certainly want it to be. if you're a farmer in iowa, indiana, michigan, pennsylvania, you know his comments are ridiculous because you're not just a farmer. you're also the accountant, the mechanic and the ceo of our own company. you're doing a lot during these moments. that is why i find it so interesting right now a lot of us in the media and a lot of us in the pundit class glommed on to bloomberg as the next heir apparent we saw the conventional wisdom of joe biden sort of went by the wayside. i think there is a lot in bloomberg's past he will have to answer for. this is just a taste of what's to come. stuart: got it. thank you very much for joining us, phil. always appreciate it. got it. check the market. we're holding a loss of 100 points on the dow but look at the level, 29,300 is where we are.

walmart? they had a disappointing fourth quarter. it was a shortened holiday season. they have slowing sales of toys and apparel. that hurt their profits. the stock is up 70 cents, $118 a share. they also warned about the coronavirus, that could hit profits down later on this year. the stock is still up 70 cents. apple they say the revenue will be hit this year because of the virus t affects the manufacturing in china. they are down seven bucks, holding with that loss, down 2.3%. that is what you got right now. we've seen several incidents recently of violence against trump supporters. for example a man in florida ramming a car into a go 3 voter registration tent in florida. later this hash, our moral compass, jonathan morris, i will ask him, why don't we listen to each other anymore? why don't we talk to each other, for heavens sake? i hope he has a answer. a marathon runner trained

for the tokyo marathon, only to be told the event is canceled because of the virus. she joins us with her terrible story. what a disappointment. next, there is a new show on netflix called restaurants on the edge. it takes on a journey throughout the world to revive restaurants. one of the stars of the show is with us. i will ask is netflix taking over cable? i think the answer is yes. ♪. this is the age of expression. everyone has something to say. but in a world full of talking, shouldn't somebody be listening? so. let's talk. we are edward jones. with one financial advisor per office, we're built for hearing what's important to you.

one to one. edward jones. it's time for investing to feel individual. their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some

of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company today... to request this free, and very helpful, decision guide. and learn about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do! see? you're able to stick with him. like to travel? this kind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm. if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that!

remember, the time to prepare is before you go on medicare! don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. stuart: 45 minutes into the trading session, this tuesday morning. back after a long weekend. we're holding with a loss of about 100 points on the dow industrials. can we have a quick check of the smile direct club? it actually gained 26 cents.

it said the florida board of dentisttry closed the investigation. not sure when that was about china grant tariff exemptions for i am ports. big deal, susan? susan: this is good news. many tariffs gone down from 5% to 2 1/2%. the exemptions help the farm built. you can apply for complete exemption of any tariffs. won't be more expensive to sell into china. exemptions are good for one year. china is getting through the coronavirus and swine flu fever. that means inflation hit eight year highs last year. they need goods, farm goods, soybeans and pork and beef. stuart: i wouldn't say they're desperate. they could use the kind of help they're doing for themselves.

good stuff. let's change the subject completely. there is a new netflix show. it is called, "restaurants on edge." take a look at this. >> check out the view. >> that is gorgeous. >> who need help from keeping the business under. >> we're on the edge of closing down. >> this is a lot needs love. >> where are we? no way this is a restaurant. this can't be right. stuart: that remind me of jon taffer's show. "bar rescue." the star, executive producer of this new show is nick, producer and restaurateur. >> john is a good guy. stuart: he is a good guy. frequent guest on the show. good man. what you're doing here, you're putting food and rescue in restaurant on to netflix. >> yeah. stuart: that was always what went out there on cable tv. are you replacing cable? >> you know, i mean netflix has over 160 million accounts. stuart: yeah.

>> if you look four people per account, that is almost half a billion people. it will be airing in 150 countries and 25 languages. it has much bigger reach than normal cable tv. stuart: does the nature of the programing suits netflix? it certainly suited cable tv. does it suit netflix? you're in it. >> absolutely. the show is going around the world to you know performing restaurants. we're doing in positive way. not done in belittling or demeaning way. we're touching on restaurants with great views, their business is driven for the view that they have. stuart: it sounds a lot like jon taffer's "bar rescue." this is restaurant rescue on a global basis. >> i'm not screaming anyone. he does. you really got to be a chameleon going into the different cultures. you have to be well-traveled and understand this business. i worked every position there is to work in the restaurant business, being in it over 20 years now. so i have to really be able to

go into every single situation, every single different country, be able to have them understand me. stuart: you got a huge budget for this. >> it is a pretty big budget. stuart: you won't tell me what it is. >> you know this show is shot so beautifully. the people behind the camera did such a wonderful job cap turfing the essence of all these different cultures. comb rod dry of myself and co-host -- comradery. it has the travel aspect around the world. almost like a bourdain type show. this will grab a number of different audiences as well as watching it with your family. stuart: you move a lot around the united states. >> correct. stuart: with restaurants in the united states. you tell me, do you see a blue-collar boom? you're working with a lot of blue-collar folks? >> absolutely. i'm part of a venice restaurant group. i see a big boom with restaurants and blue-collar workers. stuart: you're seeing it?

>> absolutely. stuart: can you compare it to four, five, six years ago? >> i'm just seeing, i've been in the business all these years. i have certainly seen ups and downses in the business. our restaurants are very busy. i created a number of jobs within all our businesses. it is doing great. stuart: nick, congratulations on the new show. i shall watch. i'm borrowing somebody else's password for netflix. we wish you the best. >> thank you so much, stu. stuart: give my best to jon, when you see him. >> i will. stuart: i'm staying on the blue-collar boom for a second. where are you? you are there. grady trimble is with us, talking to blue-collar workers. what are they telling you, grade did i? reporter: stuart, the owner of this manufacturing company says he has seen a uptick in business. you can see them busy at work here. they make conveyor belt parts for mining and farming companies. the workers themselves say they have also been busier. they noticed their hours going up. the owner directly attributes more business to trump

administration policies. he says it is benefiting his workers who are the ones we talk to. >> we're working 50 hours a week. it is a nice paycheck. there really isn't any bad things right now. since i started here, everything is picking up. i don't see anything going backwards. >> things are good come november, would you rather keep things status quo than change things up? >> if things are stable, i'm fine with it. reporter: i do have to say we also spoke with an iron worker, someone who does welding for roads, bridges, buildings who says, at his union unemployment is higher, much higher than the national average but for the workers who are seeing a blue-collar boom, it will be interesting to see if that translates to votes in november. stuart? stuart: certainly will. you got that right. grady trimble, thank you very much indeed. again let's change the subject to michael avenatti, recently found guilty in the

nike extortion case. slammed by former cnn host piers morgan. we'll give all the details. can't resist that. we covered this before. crowds at rallies for bernie sanders are surging. the latest rally drew 17,000 people. we're all over that. ♪ every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. i've been through two tours of duty, and luckily, i came home with my health. but what almost ended up taking me down... was a stroke. i thought i was invincible. but it's really humbling to face an enemy you don't see coming.

fortunately, life line screening showed me i was at risk. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. if you're over 40, call to schedule an appointment for for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149- an over 50% savings. when i came in, they thanked me for my service. i said thank you for yours. life line screening. the power of prevention. call now to learn more.

beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity.

every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. stuart: we're down 120 points on the dow. that about .4%. a smaller loss on the s&p. a small loss on the nasdaq as well. so we're down across the board

but not that much. former cnn host piers morgan was on "hannity"? who knew. he had some choice words about michael avenatti. ashley, tell us. ashley: he was making fun of the cnn, his former employ other and msnbc when he said that avenatti first came on the scene, he said he was a sleeze ball. he just screamed sleeze ball, unfortunately the left-leaning media fell for it. take a listen to what he said for mr. hannity. >> just looking at him, listening to him he was like sort of a refugee from the a set of prison break. he just screamed sleeze ball. and every time i saw this guy, he was popping up on cable news, not fox i might add but on cnbc and msnbc, two or three times a day. they were treating him like he was this extraordinary superman-like savior who had come to rescue the world from devastating donald trump. ashley: funny.

piers morgan never short after good headline. he said look, sometimes i watch cnn these days my mouth is on the floor. i was there you were not allowed to be this partisan. stuart: very interesting. ashley: called out at cnn. stuart: i was there from way back when, we weren't partisan at all. not until the mid 1990s. then they got real bad when trump was elected. ashley: clinton news network. let's not forget that. stuart: yeah. their ratings are tanking. they're way down. i think we should -- do it. bernie sanders drawing big crowds, 17,000 for example. tacoma, washington. 10,000 in the san francisco bay area. i didn't know this, scott shellady is still with us. i dismissed you, said good-bye. sorry about that, scott. what do you make of this? bernie sanders is now the front-runner and he is going right up against a multibillionaire. did you ever think you would see such a fascinating situation in democrat politics? >> no, you couldn't have scripted it.

it has been fantastic toe watch. i think, stuart, the left has to be shaking in their boots because bringing in this billionaire to buy the election for them is going to just embolden those supporters of bernie got hard done by in the 2016, right? so those folks will come out more and more. they will be stronger and stronger. if he doesn't get the nomination, they have proven, due to polling they will stay away. they will not endorse the democratic nominee. so they have a real problem on their hands if this shapes up to be bernie versus bloomberg. one group is not going to vote for the other guy. the other guy seems to be buying it away from everybody else. it i will was great television. stuart: i think you're having as much fun as we are. scott, good stuff. now i say good-bye to you. see you again real soon. >> okay. stuart: there is a on line retailer called verishop.

they offer personal experience where shoppers tell you what to buy. we'll talk to the founder of that in just a moment. there's a company that's talked to even more real people than me: jd power. 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.

♪ penny lane is in my ears and in my eyes ♪ susan: that is your request. stuart: normally i don't know which beatles song we will play. the executive producer let it slip today. i don't necessarily approve of this kiddie pop stuff. ashley: this is classic, stuart varney. stuart: this is a classic. ashley: people flock to penny lane. stuart: i want the walrus. ashley: you are the walrus. stuart: look at that market. we've taken a turn to the

southlands i am afraid to say. we were down 200 moments ago. now we're down 179. not sure what caused this leg down. when which know we'll bring it do you. walmart holiday sales, let's call them disappointing, but the stock is actually up a buck at 118. i have to conclude, susan, amazon was the big winner in the holidays? susan: amazon had record shoppers, quadrupled one day, same day deliveries over that period. at the same time, walmart announcing disappointing sales. weak toy sales. weak video games and also apparel. they're still growing e-commerce. that is the future. how tough to go head toe head with amazon online? they account for over 50% of retail. stuart: you're going to tell me, aren't you? susan: i am. bring somebody who knows more than me. the founder of verishop.

former number two at snap. hard to go head-to-head with giant like amazon. walmart can't compete but they are still growing. >> e-commerce is only 11% of overall retail sales and i think in the next decade it will be 40 to 50%. we saw that with smartphones. i don't think one company can solve all problems. walmart e-commerce was up 35%. susan: you're in curated personalized fashion type of lane but all mart is putting all the eggs into groceries to build up the online right now. does that seem like a smart strategy? >> walmart historically is very strong on groceries. they're going online to solve that problem. the interesting thing, if you look at fashion, home, beauty, those are big category is and small penetration. we think there are opportunities for us. stuart: this is emran khan,

nothing to do with cricket. you're the founder of verishop, you use experts to choose a personal shopper. if i go online, your guys will tell me what to wear, that accurate? >> it is curated by our -- stuart: what do you mean, curated? i don't understand this. >> we have buyers with 100 plus years of experience. they are tastemakers. they go all over the world to find products for you. for example, we're getting fashion brands from korea. we're getting fashion brands from scandinavia, argentina, from all over the world to find the best products for you. stuart: there is no subscriber, no subscription, you go on line and away we go. >> you know what is interesting? one day free shipping. fastest on the market. no subscription. susan: how do you do that? >> we're about giving consumers value. we stand by helping find you the best product. offering you the best convenience. that is where we're investing

our capital. stuart: i will ask susan a question, if you don't mind. when you shop for clothe online, i presume you do -- susan: sometimes. stuart: do you send back five out of six. susan: a lot. i do. a lot of returns. stuart: how do you handle returns? do you have a limit on number of returns? >> no limit, free returns. 24/7 customer support. you can call customer support now. i think people, what we do we try to give consumers a lot of information, right? for example, we give all of them information about the products, sizing all those things. then a lot of times people will return the product. that is part of the business. look, we don't have to own all the physical stores. we don't have to pay rent. you know, in exchange there will be some returns and that is part of the business. susan: cost of one-day shipping? you saw walmart getting to one-day shipping. transportation costs is pressuring on the margins. that is a lot of pressure on margins to give the shoppers a

one-day ship. >> you give money to customers as opposed to spending money on facebook or google or other platforms. we focus on customer satisfaction. if you look our score is 82. we're one of highest of all retailers. we're only eight months into the business. stuart: you made your money in snap? >> ant others. stuart: that is where the money comes from verishop. >> i have investors as well. stuart: you took a chunk of your money from technology companies and you put it into verishop? >> yes i did. stuart: what proportion of verishop do you own? >> significant portion. i'm the largest shareholder. stuart: you're the largest shareholder? >> yes. stuart: any plan to go public? >> not anytime soon. stuart: you don't need to cash out? >> e commerce is very early. i want to focus on delivering the best experience for consumers. helping them find the best product and best price, best convenience. fastest, free, one-day shipping.

stuart: the non-cricket player imran khan. >> i know how to play cricket. stuart: good stuff. check peer one imports, filing for chapter 11. what happened? ashley: back to you, stu. stuart: what weren't wrong? ashley: writing was own the wall. filing for chapter 11. massive amount of debt. they're closing up to 450 store locations, including all in canada. they have seen sales decline for nine consecutive quarters that massive amount of debt. they say that the interest they have received from some potential buyers has been encouraging. doesn't mean there will abid. they're accepting applications up till march 23rd. not a big surprise. this has really struggled. stuart: play the organ music. there you go. aa bit late. here is something i do not understand but susan will explain it.

elon musk threw shade at bill gates after he bought a electric -- susan: do you know what throwing shade means? stuart: no. susan: a bit of a insult. bill gates, instead of electric car he bought the porsche, pretty pricey this porsche electric model. it retails for $160,000. in response when elon musk heard this, let me show you the shade. bring up the tweet. my conversations with gates have been underwhelming to be honest. stuart: that is throwing shade? susan: that is throwing shade, a little bit of an insult. stuart: a mild put-town? susan: mild put-down. this is not the first billionaire elon musk has thrown shade at. owe has thrown shade to mark zuckerberg when it comes to artificial intelligence. i'm not sure zuckerberg knows about the topic. stuart: i will try to incorporate that into my

vocabulary. ashley: please don't. stuart: a lot of shade thrown in this segment. ashley: my god. stuart: bitcoin, the government is auctioning off bitcoin seized from criminals. auctioning it off. kristina partsinevelos. what are they doing? >> bidding has begun. it will go on until 2:00 p.m. eastern time. it is not just from criminals or civil case is. bitcoins are associated to a wallet. the government can't just go and seize it. they have to get the rights to that wallet. a little complicated. nonetheless you have $39 million worth of bitcoin hitting market today. not for everyone. you had to put down $200,000 to put up a bid. these are big players. seeing the price start to tick up. over the last little while, the last five days or so, business days, the price of bitcoin climb to a six-month high, below $10,000. it is depressed because of big

auctioners trying to get in. they sold their lot, to depress the price to get it lower. the big question for bitcoin is regulation. last week or so treasury secretary steve mnuchin that said he is looking at regulation when it comes to bitcoin and cryptocurrency. i spoke to one expert who is the author of cryptocurrency investing for dummies, she said that can't be the case at all because it is a deregulated currency and it will be impossible to regulate. especially you have to have governments all come together to work on it yet, they're saying they are paying attention to it. so the bidding has now begun. stuart: okay. no throwing shade on bitcoin in this block, that is for sure. ashley: please don't. stuart: we have seen an uptick in violence against trump supporters lately. the man in florida rammed his car into supporters. another man slapped a 15-year-old who happened to be wearing a maga hat. coming you were our moral compass, jonathan morris joins us. i ask him, why don't we listen to each other anymore? why don't we talk to each other

civilly anymore? more "varney" after this. ♪. i'm your mother in law. and i like to question your every move. like this left turn. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady.

stuart: in the last few weeks a flury of violence against republicans occurred across the country. 15-year-old getting slapped in new hampshire for wearing a maga hat. reportedly, allegedly by the gentleman on your screen. in florida, a man drove his van through a republican party voter registration tent. not good. let's bring in jonathan morris, fox news contributor. is this -- this is obviously a toxic political environment. >> oh, for sure. stuart: would you lay the blame on this with president trump? >> i lay the blame with adam and eve. how's that? you know what? certainly this began, this real toxic, angry, i would say

political environment that we live in began way before trump. stuart: it did. >> but i would say trump stands for something in a way that nobody has stood for something in a long time. i wouldn't wear a maga hat in certain parts of this country. new york city would be one of those, at certain times, right? and it says, this is what i stand for. it also says, this is what i stand for plus all the things that you all think it stands for. so there is a tremendous amount of vitriol and i think we all have to say, what do i really care about in life? am i fighting somebody over their political views? i spent a lot of time counseling people on the deathbed, and their deathbed. i never once heard someone say, you know what, i really hope donald trump wins this election or hillary clinton or joe biden. they talk about their relationship with god and relationship with other people. stuart: yeah. >> what do you care about? are you willing to fight for something as silly as an

election, even though elections are certainly important? stuart: i want you to look at this, this is a brawl, i will show the viewers. this is a brawl that broke out at a bernie sanders event, fighting each other. is the violence happening on the other side as well among democrats? >> we're all capable of it. if we allow ourselves to go down that road. of being willing to degrade and actually hurt somebody because of their views. do we really care that much about it? why wouldn't we talk about it on our deathbed? we won't. none of us will. i think it is a question, there is always going to be a small percentage of people not going to listen to anything. i have to say, what you have to say. let them be. let's overwhelm them with common sense, which doesn't mean, whatever you believe is totally good, just as good as what i believe. no. being rational, human in our discussions. stuart: you brought up a very good point which i had not

thought of before. you were a former catholic priest. >> yes. stuart: you have given last rites to many people on their deathbed. you're right, how many people bring up politics or their petty hate on their deathbed? they don't. >> no. not to say those things are not important. not to say that money isn't important. that business isn't important, right, stuart? stuart: don't ever say that on this program. >> all of this is very important because it is part of human life. to help us flourish as human beings. nobody takes that money, takes the anger, the political differences to the grave or to heaven. nobody. i think it is just a question of those who are willing to listen, we have to overwhelm the internet, overwhelm social media, overwhelm media with common sense goodness. stuart: all right. >> even in our disagreements. stuart: look, you did god's work on the deathbed. >> i hope so. stuart: you did that. don't you miss doing such valuable work? >> yes. stuart: here you are chatting with stuart varney on a program

about money and politics. nowhere fleer important as what you used to do. >> fair enough. it is true. it is a great point. but in the end i can't solve poverty in africa right now. that would be more important than, perhaps anything you could think of. we can't all do everything. we have to do what, by following, i believe the voice of conscience and god's call on our life. this is me. in other words, be who you were called to be. and then we let everything else in the hands of our creator. stuart: you really are a good man. >> thank you, stuart. you are a good friend. stuart: jonathan morris, everyone. a good man. >> thank you. stuart: check that big board. we've lost some ground, for much of the session today we were down 100. now we're down 170 points. look at the level, 29,229. 10-year treasury yield, down to 1.54%. this is a sign of a flight to safety. money going into the safety of treasurys, pushes the price up, the yield down 154.

sure sign, flight to safety. so is this. gold, investors buying it aggressively. you're back above $1600 an ounce as we speak. how about oil? i believe that's down about, not very much down. it is 51.85. i want to bring jackie deangelis into this. jackie, what is this about, what is this about venezuela that has taken oil down? reporter: good morning, stuart. these headlines just crossing the tape moments ago which caused the last leg lower. dow jones reporting that u.s. is placing sanctions on subsidiary of russia's rosneft over alleged venezuela oil exports. they say firms doing biz with rose -- rose nest being at risk of being blacklisted by the united states. they quote that the u.s. is at 60% of its maximum pressure campaign. military option is still on the

table. that is what caused the market to drop from there. oil prices are down half a percent right now, trading a little bit under $52. stuart: jackie, i misunderstood. i thought it was a reference to the oil market. it is not. a reference to the stock market coming down. make that very clear. jackie, all good stuff. thanks. tokyo marathon canceled because of the virus. 38,000 people were expected to run. next, i'm talking to one of those runners who was going to japan for the event. not now. more "varney" after this. ♪.

one of the products i helped develop at 3m was a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people.

and with the sxfinity stream app, screen is your big screen. who don't have a voice. which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love.

♪. stuart: tokyo marathon set for march the 1st, it is being canceled because of the virus. first of all i want to bring in christine magory, marathoner, was set to bring her family of five to japan but now no race to run in. this must be a terrible personal disappointment to you, right? >> yeah, it really is. when i found out yesterday morning i was about to go for my

morning run, i saw an article and went on to the website and i was just devastated. it was going to be my sixth star out of the six marathon majors t would be the last one for a quest that i have been on almost five years now. and, you know, to have to tell my family that our trip is now going to have to be canceled and delayed 12 months. it is only supposed to run 12 days. that was heartbreaking. stuart: how long have you been training for this, christine? >> so technically i've been training for this particular race for the past four-month but for the world marathon majors, it takes so much longer. i have been planning this trip for over two years. like i said i've been the quest for this for almost five. the stress and planning just signing up for these races is really the hardest part. stuart: i'm sure it is. hold on a second, christine. i want to bring in dean, who is

an elite runner. i believe you were going to, this has happened to you when the new york city canceled the marathon because of hurricane sandy. so you know about this disappointment. do you think that tokyo olympics are in danger here, threatened? >> you know, personally i'm concerned about it. and you're right, with regard to the 2012 new york city marathon, it was announced the marathon was still going to take place even though superstorm sandy had hit. a lot of people, including myself had actually flown into new york. a few days before the event they actually canceled it. unlike christine who had a couple weeks notice, we runners were given basically three days notice. a lot of people already booked -- they had already flown overseas to get into new york city. stuart: are you a profession hal runner? >> yeah, i am. i have done hundreds of marathons and something called ultramarathons on all seven continents twice now. in the hundreds of marathons i

have run there has only been a couple that have been canceled. it is unusual to cancel an event like this. obviously when i heard the news about tokyo, beyond feeling for the runners was my concern about the olympics. it is not that far off. how long is this going to last? stuart: i do want, i'm out of time but i do want to thank christine and dean for coming on the show. look, our viewers, all of us here really sympathize with you here. you have taken a great disappointment after all that training. i'm glad you could appear on the show because it is a very valuable story to tell our viewers. dean and christine, thanks for joining us. appreciate it. >> thanks. stuart: sure thing. next one, our economy, my opinion, best game in town, thanks to president trump. that is another opinion. my take on that. plus charles payne coming up next. more "varney" after this. ♪. at fidelity, online u.s. stocks and etfs are commission-free.

and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. (woman) no matter what business you are in, digital transformation never stops. verizon keeps business ready for what's next. (man) we weave security into their business... (second man) virtualize their operations... (third man) and could even build ai into their customer experiences. we also keep them ready for the next big opportunity. like 5g. (woman) where machines could talk to each other and expertise could go anywhere. (woman) when it comes to digital transformation, verizon keeps business ready. ♪

100% online car buying. carvana's had a lot of firsts. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms,

browse for cars that fit your budget, then customize your down payment and monthly payment. and these aren't made-up numbers. it's what you'll really pay, right down to the penny. whether you're shopping or just looking. it only takes a few seconds, and it won't affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to buy a car. a new kind of investor with an app that's changing the way we do money.

download robinhood now. >> how exactly are you going to do? what are you going to do? there's no answer to it. he just says, i'm going to negotiate a better deal, well, how, how exactly are you going to negotiate that? what magic wand do you have and usually the answer is you don't have an answer. stuart: well, that was kind of a flashback, i guess, then president obama, this was 2016 saying then candidate trump had no idea how to create more manufacturing jobs, well, now former president obama is trying to take credit for the trump economy, here is the tweet on that. 11 years ago today near the bottom of worse recession in generations i signed the recovery act paving the way for more than a decade of economic

growth and longest streak of job creation in american history, well, we have the numbers on new manufacturing jobs under president trump versus under president obama. we will bring it to you but first this, opinion, america is the best game in town, by that i mean our economy is our biggest and best performer and likely to stay that way for some time to come, consider competitors, first off china paralyzed by the covert 19 virus and its reputation the workshop of the world, so many companies are looking for a new supply chain, not good for china, europe, what an economic mess, no growth at all, negative interest rates, you pay to borrow money, 7 to 10-dollar a gallon gasoline and

climate change rules everything. the greens have just delayed tesla's new factory in berlin because clearing the construction site means cutting down trees, makes no sense. late last year japan raised version of the sales tax and the economy actually shrank 6%. decades of stimulus spending has left them with the biggest debt of any country in the world, america included. china, europe, japan, not doing well. and here is another opinion, my opinion, if america elects any of the current democrats to the white house we would no longer be the biggest and best, warren, klobuchar, all want tax hikes an massive climate regulations, that's not a recipe for growth, it's a recipe for recession and national decline, let's see if charles payne wants to pound the table in my favor or go after

me, i'm not sure which it is. are you with me, america the best game in town? charles: ashley, hand me the pom-poms. give me an s, give me an -- listen, first of all, i think what's good about is the audience is cautionary tell, why are these economies suffering, why are they sinking and do we want to go down this path, do we want more taxes, do we want to derail our economy like japan has done, germany fourth quarter gdp0.0, here is the irony of all of them europe has best numbers with brexit. you know, i think you're 100% correct here and open the eyes of the notion that we should outsource so much of american productivity, production that the cost, that the simple cost of cheap e -- cheaper labor,

unstable economies, unstable countries and we do the jobs here and i think that businesses will fair very well, we would create more jobs therefore more consumers and it's really an eye-opening thing, i hope big businesses are paying attention to this. >> why not? >> stuart: i want to show you the video that we showed you of president obama saying then candidate trump had no idea how to create more manufacturing jobs and now president obama is talk about taking credit for the trump's booming economy, i want to bring in lauren simonetti on this. i want to know how president trump responded to president obama's claim. lauren: on twitter this is what he said, did you hear the latest con job, president obama wanting to take credit for economic boom, weakest recovery since great depression, despite zero

fed rate and massive quantitative easing, had to rebuild our military which was totally depleted, fed rate up taxes and regulations way down, military trouble right now. the best is yet to come, keep america great. stuart: don't you have numbers on manufacturing job creation under president obama versus president trump? >> with the trade war increased manufacturing jobs by 3.6% since 2016 or since he took office in 2017. in the final obama 3 years up only 1.7% and none of these numbers talk about confidence, small builder -- small business and home builder confidence. stuart: bottom line is trump's economy. law law deregulation, low taxes. stuart: i think we are all in agreement. we are singing kumbaya, ladies and gentlemen, i want to bring

charles, i want charles' reaction to this resurfaced clip of mike -- mike bloomberg, roll the tape please. >> black and latino males, aim let's says 6 to 25 that don't have jobs, don't have any prospects, don't know how to find jobs, don't know how what their skill sets are, don't know how to behave in the workplace. stuart: now, charles, as you know that follows his apologizes for the stop and frisk which he was mayor for 12 years, i'm reluctant to ask you as a black ban because i think of you as a wall street guy, investment guy, how do you react to those comments? >> it's extremely offensive and somewhat ironic, i mean, he was the mayor of new york city for a long time. if he -- if any so-called cohort

people were negligent in some area he should have been the one making sure when they get out of high school they had job prospects and knew how to go in a job interview and direction in life, instead -- they are going to be the most well-behaved in that super market, they are not going to be yelling or throwing stuff or throwing tantrums, knowing how to act in public, give us a job, we will be so humbled and so grateful, we will follow your cue, mr. bloomberg, we will follow your cue, you

can't have it both ways, he can't say he was in charge with a million black people and i only looked at them as statistics in a piece of paper and that's how i policed them. my police policies are what are based on paper, not that they are being human beings, i looked at them as just like cohorts on a piece of paper and so he's never empathized with black people, never empathized with hispanic people, he doesn't empathize with a lot of people to be quite frank with you. black and so-called brown people, that's my opinion. stuart: you think he can win presidency with past like this? >> honestly i don't think he can win, he can win the democratic nomination because of the way -- first of all -- it should split them rotten, it should. anyone out there who, for instance, votes for bernie,

massive plurality going into and 30 votes, wow, look who we found, then i think the party should -- i watch them contort themselves but he said something, this is the guy who actually did something and he did a lot of things that were miserable, brutal, mean spirited and evil to the black community and i watched them contort themselves and try to find a way to justify it because lesser evil than president trump. stuart: hold on a second, i do have to interrupt, i do apologize, breaking news from the white house, they've got pardon for -- tell me more, ashley. ashley: former owner if you remember of san francisco 49ers, pleaded guilty to failing to report a felony in bribery case,

we understand that he will be, indeed, be pardoned. the name that was well established. associated with the nfl and i'm sure charles remember him back in the day, apparently he will be pardoned. stuart: the gentleman on the screen is charles hailey as i recall, other 49ers jerry rice, they are all at the white house for the pardon. ashley: a fraud scandal back in the day. charles: criminal justice reform, a person that looks at other people as human beings and not cohorts and statistics on a piece of paper. stuart: they call him a racist. charles: it never stops. >> charles, thank you very much, appreciate that. more from bloomberg, he has a plan to, quote, rein in wall street, he want to tax stock transactions, we've got the story for you, that's a promise. we will take you inside the

daytona 500 on your screen now the winner denny hemlin, the numbers are in, president trump drawing high ratings because he was at daytona, just confirmed that he's the man of the people, right? we are all over this and the third hour of varney just getting started. ♪ ♪ ♪ ♪ ♪ ♪

stuart: look at that, this is from daytona 500, ryan newman, he's in serious conditions but injuries are not life-threatening, meanwhile denny hamlin won the race, third daytona 500 win. fox news chief meteorologist rick was there and he spoke with

danny hamlin afters his win, what did he tell you, rick? >> i tell you what it was an interesting conversation with him, partially because of the win, obviously but because of the dramatic finish and concern for ryan newman at the end of the race, took about 2 hours and 15 minutes before the fans had any idea of ryan newman's condition, in fact, from the last tweet that nascar sent out saying that his injuries are not life threatening, we haven't heard any other word, so fans are still praying for him, denny hamlin mentioned that he was praying for him, certainly happy for this win and more relieved now knowing that ryan newman is okay, we are watching, we did talk to him about the win which by the way is his third in the last 5 years in back to back wins one last year as well, certainly a big achievement for him, take a listen to what he had to say. >> i never would have dreamed we would have this success in this race that we would have, i never dreamed of being the race much less 3 of the daytona 500

toffees, so they're all super special but i'm really happy from race team and really happy that 2020 started off this way. >> yeah, this is the biggest event in racing, stuart, and he now has 3 out of the last 5 years, he's on a good run, stuart. stuart: rick, just stay there for a second, i want to tell our audience that denny hamlin will be guest at 3:00 p.m. eastern, denny hamlin on that show, president trump he really helped the ratings for the daytona, they are up 32%, highest in 5 years, now rick, you were there watching the race, you were there all weekend talking to people, what was the crowd reaction when the president did his victory lap in the beast going around and when he did that gigantic 747 air force flyover, that was amazing, what was the crowd reaction? >> yeah, it really was, i tell you, for anyone seeing air force fly over any event is really

thrilling but for this crowd seeing air force one fly over really low by the way, the plane looked so huge in the sky right here in this event, it was really spectacular, the audience was thrilled with it and then with him being here for all of the festivities i think for all of the fans here in nascar who we talked to it was an honor for them to have the president here at their biggest event of the year. stuart: was it chants of usa, usa, 4 more years, is that right? >> there was plenty of those chants and plenty of screams for sure. stuart: rick, thank you very much for joining us, thank you very much, indeed. i want to show you the video again of what mike bloomberg had to say about farmers, this is from 2016, very interesting stuff, roll tape please. >> lasted 3,000 years and we can teach processes, i can teach anybody even people in this room, no offense intended to be a farmer, it's a process, you dig a hole and put a seed in and

put dirt on top and up comes the corn. stuart: simple as that. ashley: so easy. stuart: the lady on the right-hand side of your screen a fourth generation farm own e her name is mary blackman, good to see you. >> so nice to be here, thank you for having me. stuart: i just want your reaction to mike bloomberg who says it's simple, you put water and up comes the corn, is it that simple? >> oh, my goodness, no, that's so outrageous. i was floored. everyone i know was floored and, you know, it takes a lot of gray matter i might add to farm. [laughter] stuart: i mean, you were floored. >> i was. stuart: honestly reminded me a bit of hillary clinton and the deplorable speech. or, my goodness, yes, absolutely because, you know, you to know how to run a business to be a

farmer also. you have to be well informed, you have to have a business strategy on so many different fronts, i mean, there's so much that goes into it other than just planning a seed and putting water on it, first of all, every field is different, it's like a thumb print and you have to know your soil intimately and you have to know what type of seed would work in your field, how much water, when, where, what type of fertilizer, everything that goes into it is so detailed and the processes are very complicated. stuart: hold on for a second, i believe we have the video of big crowds that bernie sanders was getting together. >> okay. stuart: and look, the man is now the front runner and i want to know what you think, mary, about bernie sanders presidency or bernie sanders running in the election, what do you think he would do to farmers? >> well, let's hope he will be more in touch than bloomberg is and, you know, all that still

remains to be seen. you have to have of the people, for the people and you have to understand the heart of farming and i'm not sure if he's going to do better or not, i guess we will have to wait and see. stuart: mary, thank you so much for coming on the show today, we really needed a real-life farm person and we found you, you came in at the last minute, we really appreciate it. >> oh, i'm honored to be here, thank you, stuart. stuart: we will see you soon, promise. >> great. stuart: baseball player in san francisco giants when they won world series in 2010 and for 10-year anniversary the team is holding a reunion, hoff was not invited why? would you believe me if i said it's because of a tweet supporting president trump, what a story, we are on it and we will cover it next ♪

♪wild thing, you make my heart sing.♪ ♪you make everything... groovy...♪ done yet? yeah, yeah, sorry, sorry. you sure? hmm.mmm. ♪come on, come on, wild thing. if you ride, you get it. geico motorcycle. fifteen minutes could save you fifteen percent or more.

can you help keep these iguys protected online?? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation?

that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today. stuart: for much of this morning dow is down 100, now we have taken a couple of legs south and down 230 points, big drop, nasdaq down 34, a couple of reasons here, number 1, apple

said the virus will hurt our revenue stream going forward, that didn't help, apple is down 7 or 8 bucks, then we have news that the administration is going to sanction the russian energy company for having dealings with venezuela, the market took another leg south, wal-mart is also warned about the virus, so that's the negative background here and the market has come down gradually to a point now of loss of 237 points. dramatic news this morning nearly 50% of homes are bought by millennials, are we going the see come the springtime, i'm asking more about this, jerry howard of the national association of home builders, i will ask him momentarily, right now i want the story of san francisco star of 2010 world series, he's not -- ashley: have been told by the giants

organization that he's not invited because of comments he made on social media and the comments he made on social media he was holding a shooting target with holes on it and said getting my boys trade up in case bernie 2020, he has the maga2020, they said, no, no, that's inappropriate and undermines the values of this organization. stuart: get out of here. ashley: tweeted this after he had been uninvited he said, look, my locker room room is sarcastic, that type of humor for charge of the world series title, they loved it then and it hasn't changed, that's not the issue, it's politics to the fans you were always amazing to me, because i don't share political views that are stupid i still respect your right to express them maga2020. so there you go.

>> okay. ashley: because he's a trump supporter yes, you won the world series, you were part of the team in 2020 but you, sir, are not invited. petty to the highest. stuart: check back markets because we have taken a slight edge south, further south, down 241 now, look at the home builders, please, we've got new numbers from the nahb, okay, i'm trying to figure out why the market is down 250 points and i've got to say it's the sanctions, the virus worries, anything else on the plate here? ashley: we talked all morning apple was shaving and oil has been down but come back little bit, it's hard to believe sanction on russian company, we are keeping an eye on it. apple down one and a third percent, flight to safety, stu, we talked about this, gold up 21

bucks right now, 1607, we will take a look at the 10-year. lauren: back on friday last time markets were open, s&p and nasdaq at record highs you have apple the biggest company with a warning saying, look, we might not see supply and demand, that kind of sends through the market but apple the most exposed than the other maga stocks a you call them. stuart: i'm terribly sorry, i was looking at the phone here, i'm trying to get quote on stocks, what do i get a robo call, you can't use your phone, i can't get the -- can you believe that? ashley: let me say this, 10-year yield now, yes, you could say that about the 10-year treasury down to 1.54%. flight to safety going on right now. stuart: you have -- you have a selloff but i see facebook up 2 bucks, i see tesla up $40, i see

microsoft up a dollar so outstanding stocks, big-name companies -- ashley: momentum. stuart: that's what we have at this moment. now, wait for it,. [laughter] stuart: we are working on it, we are working on it. i think we can put him on the screen. ashley: yes, we can. stuart: jerry howard, okay, jerry. we got this morning and i thought it was quite dramatic that 48% of the homes now are bought by millennials that was a real surprise to me, what do you make of it? >> well, reaching the age of 30 which is when people most people start to settle down and our polling consistently when we look at prospective home buyers when people start to settle down, have a family and have a kid they are going to buy a house, they want it to be a single-family house, they want it to be -- have a backyard and

want it to be in good school district and this is reflective in the numbers i think, stuart. stuart: your problem now there's a housing shortage, we just can't build the homes that we want to build and your point forever on this program has been regulations, you can't build. >> that's correct, we see that the regulatory burden is somewhere 26 and 55 to 60% of cost of building in new house. stuart: i want to interrupt you there, where -- where is the cost of building a new home accounted for by 55% of it by regulations? >> yes, sir. yes, sir. stuart: what kind of regulations? >> sometimes environmental and most duplicative, federal regulations, state and local environmental regulations and i think you can guess what state it is -- stuart: california. >> absolutely. stuart: huge homeless problem in part because there's no homes available. >> there's very high-end housing

and there's some housing in homeless shelters, there's not enough homeless shelter housing but there's not enough multifamily apartment units at market rate, there's not enough first-time home buyer housing and now they put ridiculous rent control measure which by the way has only been on the books for a few months and they are trying to make it stronger again in november. california is just whacked when it comes to housing policy. stuart: rent control meaning that landlords cannot get the value out of the property because the rent that they can charge is controlled? >> yes, sir. stuart: controlled vigorously? >> yes, sir. and study after study shows that at best rent control provides a band aid, maybe a short-term solve to the problem but long-term it results in less units available, we already have a supply shortage, let's just make it worse, that seems to be their plan. >> this is not going to change. >> not that i can see. everywhere, in fact, we know

that new york state is looking at strict rent control and massachusetts, connecticut and new jersey are thinking about it. illinois has been talking about it so a lot of places are look agent the wrong potential solution. stuart: if you're able to build more houses and say the cost of regulation was down to maybe 25% to the cost of new home, how many new homes could you build? >> we need to build about a million a year and right now we think we will have a pretty good year this year, probably somewhere between 900 and 920,000 homes but still leave us short of supply. stuart: if you could build the homes you want to build and you did it, that would be a huge boost to the economy. >> oh, absolutely. stuart: think of how many people you would employ to build a million homes a year? >> it's about 15% of gdp when it's going right, we could be -- we are a good contributor now, very solid but we could be much, much better. stuart: in the absence of a change in regulations, do you still expect new housing boom

this year? >> right now we think that we are going to build as i said about 900 to 920,000, it's not as many as we need, but it's a good solid number and the cross winds that are holding us back are overregulation and labor shortages. stuart: that's not going the change. >> that's not going to change. we are starting to see through some earlier stories about blue-collar jobs, people recognizing that these jobs in home building are very good careers for a lot of young people, so we are starting to see some easing there but not in the regulatory burden, not as much as we need as local and state levels. stuart: 20 years i built what was basically a log cabin and i did in up state new york, you need plan commission, a guy came with a single sheet, where do you want to build it, how big you want, where do you want to

put it, that's all i had to do, he went away and i got permission just like that, the only test was what's called a perk test, a guy came around knocked on the door, bucket and spade, i'm here to do the test, he walked over to the field, dug a hole, poured water and timed how long it takes for it to percolate out, i built a house within 7 months. >> and in some parts of the country if you and i want to build the house from the time we get to the idea and buy the land 9 years before the first shovel goes into the ground? stuart: before it goes in the ground? >> yes, sir. stuart: i don't know where to take the interview. >> builders are starting to get permission to build but they are planning on the projects coming to fruition in 2043. stuart: what? >> yes. stuart: 2043? >> they need the houses now? i don't know what to say.

jerry howard. hold on a second, home depot, lowes, they are hiring thousands of workers for the spring, that implies home renovation, not new home building. >> both actually because the small builders do buy significant amount of material from the two suppliers but also does imply a lot of do it yourself stuff which means that people who want to potentially move and buy new homes can't so they are fixing up their current residences. >> well, you should come on board more often. [laughter] stuart: fix to go -- fixing to complete by 2043, thank you very much. they say it takes a village to raise a child, i believe that was hillary clinton who said that well, it takes a lot of money too, how much, lauren? lauren: millennials want home guy they want families sticker shock $230,000 to raise kid,

$234,000, $13,000 per year per kid, okay, what do millennials think about this, 6 and 10 express sticker shock and they are putting off parenting because their panicking over the price tag, and then this is my favorite part, millennials who do have children, half of them feel restricted financially, well, what did you think would happen when you decided to have a kid, welcome to parenthood, it will restrict you in more ways than just your wallet. stuart: i honestly think twice about not having kids, i have 6, too late now, $234,000 a year, some of those expenses you would have anyway. lauren: your home, clothing and food. you can't put a price tag on it. stuart: i know, having children are priceless. that's the truth. lauren: tantrums an all. ashley: and pricey. lauren: when we talk about millennials, i'm encouraged that

millennials want to buy homes, you put a family usually in a home that's why you would have a home, right, this is the same generation that is nervous about, you know, growing a plant, imagine a millennial as a farmer, looking at college debt and $234,000 that we are telling you that's how much it cost to have one kid, maybe they put this off a little bit more. stuart: i don't think we should ever report those surveys which show millennials worried about the plants. i think we should ignore that. ashley: we've done that. stuart: we don't do it again. [laughter] stuart: if you have a child, you have to take it to disney, of course. [laughter] lauren: i haven't done that. stuart: landmarks is getting a makeover. ashley: get a mortgage now so you can afford it. i'm so glad they got the story because i'm the world correspondent apparently, the princess castle, iconic structure of disney resort, the

one that you see at the beginning of every disney movie, getting makeover, by the way this week 70th anniversary of animated classic cinderella, they will do it, golds and blue, the new one on the right, so they will give it a makeover after 17 years. you know the outside, all of it, the correspondent. the outed is fiberglass. stuart: you call it a palace? ashley: it's a castle. stuart: a castle. [laughter] ashley: they apologized me when they gave the story, by the way, i've embraced it. lauren: you really have. stuart: we will get serious, talking about money for a moment, look at tesla, stock is up 40 bucks but tesla taking het from the environmentalists in germany because they want to cut down tries to build their new

factory and the court has said, no, you can't do that, stop, can you believe it? the stock is up, next kroger grocery store chain, warren buffet 539 million stake that is, the stock is loving it, it's up 5% on that news. the state department is designating 5 chinese media outputs as communists agents. ashley: very strong, state sponsored propaganda and agents of the communist party of china, we are expecting announcement, this announcement as early as this afternoon, these media outlets include china global television network, china radio international, china daily distribution corporation, look, the state department designation is supposed to highlight apparently increasing chinese government media activities in the united states and by this designation they will be more

closely monitored and followed. stuart: okay, got it. ashley: there you go. stuart: this time he's really insulting minorities which has my next guest fired up. he will join us shortly. speaking of his honor, mr. bloomberg, he just qualified for tomorrow's debate in las vegas, so while this very first appearance on the debate stage changed the 2020 democrat race, i think it will, we are on it, back after this. let's get down to business.

the business of road trips... ...adventure... ...and reconnecting. modernized comfort inn's and suites have been refreshed because our business is you. get the lowest price guaranteed on all choice hotels when you book direct at choicehotels.com. with our moving and storage solutions. pack what you want, we store it for as long as you want. then, we deliver it where you want, so whether you need to move or store your things, pods is here to help you with flexible moving and storage solutions.

stuart: this may sound like a contradiction but mike bloomberg is taking aim at wall street, edward lawrence joins, what is

he doing, edward? >> he wants to add tax to transaction that is go on, that money will be used for his programs including slowing down high-spreed trading, he would use the money in part to work on some of those programs, bloomberg will reinstate obama-era policies related to wall street and expand those rules to rein in wall street, he wants banks to be able to absorb more losses if necessary and that means keeping more money in the bank and not lending it out, bloomberg will add justice department special unit that looks at corruption not just at corporations but individuals, he wants frany and freddie to merge into one large government run agency and expand the role of the consumer financial protection bureau to not only look at payday loans but auto loans an the credit bureaus, 100% reversal who was calling obama policies punitive actions. stuart: he seems to have become

anticapitalist. edward, thank you very much, indeed, sir, before i bring in my next guest i want to replay the resurface clip of mike bloomberg and comments on minorities, watch this. >> there's this enormous cohort of black and latino males age let's says 6 to 25 that don't have jobs, don't have any prospects, don't know how to find jobs, don't know what that skill sets are and don't know how to behave in the workplace. stuart: joining me now fox news contributor sarah carter and paris leonard, sarah to you first, i believe you're a cuban american if that's correct, what's your reaction to that comment. you don't know how to behave in the workplace? >> i think it's insulting and degrading and all mike bloomberg

has to do look at policies of the democratic party to realize what they've done to when i shallan environments and underprivileged children growing up in the environments, you know, to put everybody into one bull and say that all latinos, all black americans young men don't know how to behave in the workplace and remember comments went far beyond that, we heard other comments where he talks about stop and frisk and continually blames minorities if for problems in the inner city, the problem is the democratic party not the minorities and the type of policies that take away self-reliant entrepreneurship that create a victimization of those communities, i think as mike bloomberg looks in the mirror he will realize why they have so many problems in communities like in baltimore, chicago, los angeles, i can go on and on. >> you come into this, please, you heard -- don't know how to behave in the workplace, your response, please?

>> well, this is another example of mike bloomberg past comments not as private citizen but sitting mayor of new york city that are troubling to many americans across the board especially black americans, look, no amount of money is going to be able to eradicate what mike bloomberg has said, the policies that he has enacted an perpetuated and bigotry, nastiness, inappropriate comments about the black community and latino americans and you can't erase that and he can try to buy ads and pay staffers but not take away the fact that this man says things about black americans, about minorities that are deplorable that are not going to play well in south carolina, not going to play well in nevada and he's going to have to explain it on the debate stage, he can buy his way into a primary, buy his way -- try to buy his way -- stuart: paris, you're right, he has in fact, bought his way into the debate tomorrow night, he bought his way in by scoring very well

on a poll, very recent poll and i'm i'm going to show you that poll. it's very important to notice that he's bought his way in with 19%, but, look, bernie sanders is way out front with 31%. i want to return to bloomberg here, sarah, he's bought his position, i mean, you are now in a situation where he may very well buy the democrat party and buy the nomination, is that bad, isn't it? >> it is that bad and will do it through super delegates and not showing in the polls, telemundo showed poll and he doesn't score at the top, we see joe biden, i think that's going to change among democratic voters the more they see, you know, the debates on stage and particularly with latinos and this goes to the republican party as well, you know, this is fastest growing group in the united states, the hispanic, latino vote, and voter

and both parties need to do their best to reach out to these groups and particularly the republicans, we have seen it better as the year, this past year reaching out to latino voters in various parts of the country, but we realize now the swamp is showing itself, stuart, this isn't the first time, we see mike bloomberg and joe biden with bigotry and it will have a backlash on that. stuart: let me turn to paris, in 2016 i believe mr. trump got about 8% of the black vote. >> correct. stuart: give me a forecast? >> increase vote share from 8% to go as high as 111 to -- 11 to 13%, black voices for trump and his record, actual record of achievement for the black community, he can stand against anyone, bloomberg, bernie sanders, anybody and say, this

is what i said i was going to do and this is exactly what i've done and this is what i will do, he has a record after achievement which will impact the black vote and it's going to go up and win in november. stuart: ladies and gentlemen, thanks for joining us, very good stuff today, we appreciate it. thank you. >> thank you very much. >> thank you. stuart: amazon, bezos putting his money into climate change to tune of $10 billion, the full story coming up next. everyone uses their phone differently.

that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. and save even more when you say "bring my own phone" into your voice remote. that's simple, easy, awesome. click, call or visit a store today.

the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups.

and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. stuart: jeff bezos, amazon guy, putting $10 billion up for climate change, but there's an inside story. ashley: there's inside story, amazon is been coming under increasing criticism because of shipping and worldwide footprint with regard to carbon emissions, even the insiders, the employees of amazon are being critical of that carbon footprint and they say support for oil and gas company, maybe this softens this a little bit, i doubt it because climate activists are never really satisfied, pledging $10 billion and that used in

grants to scientists and other efforts to try and combat the impact of climate change. stuart: what you've got? lauren: noticeably hasn't signed the giving pledge that warren buffet and bill gates have signed, ex-wife mckenzie has sign today give portion to charity, noticeably absent of signing that. and now you have this. stuart: lauren, you now going to tell me if i so wish can take a trip into space with spacex. lauren: elon musk's company maybe early 2021. maybe. ashley:a year from now. lauren: next year. stuart: we have been talking with verge ingalactic -- virgin galactic, spacex venture for private citizens can orbit the

earth. no one has actually been able to do it. stuart: i wonder if they have an age limit. lauren: they should. he's interested, he's interested. ashley: one-way ticket. [laughter] lauren: whoever this first person to do it is going to be very brave soul because it's untested. stuart: would you do it? lauren: i would do it but not the first person. ashley: yeah, why not? stuart: with your age? ashley: why not? stuart: when i was 18 i would have jumped on it, but now no, no. [laughter] stuart: the producers said what do you have to lose, my life, my fortune, my family. ashley: if you can survive new jersey transit, you can do it. [laughter] lauren: new jersey transit. ashley: if you can survive that, you can survive anything. [laughter] stuart: put the camera on me. more varney after this.

[laughter] ♪ ♪ . .

stuart: before we leave you, i want to lay out what i will be an extraordinary week in politics. first of all we have the debate tomorrow night that will be wednesday night. michael bloomberg will be in it. ashley: can't wait. stuart: bernie sanders at the moment leads all the polls with 31%, bloomberg, 19. that's is a big deal. ashley: yeah. stuart: three trump rallies. arizona, nevada, las vegas, we got that and, come saturday, we got the caucus. ashley: what a week. >> we might see big rates on the debate tomorrow night. stuart: huge. >> do you go after bloomberg, bernie sanders.

dough you go after everybody? has not done a debate since 2009. ashley: they're going after bloomberg. he is the billionaire nipping at their heals. stuart: i want to see what president trump says about bloomberg's debate performance. i can't imagine what it will be like. neil, it is yours. neil: i have a pretty good idea. stuart, thank you very much. focusing on all the major averages as you have been reporting on coronavirus fierce. dow at session lows. 26 of 30 dow components are down. apple leading the way, down 2%. it could be much worse. one of the interesting developments i want to show you where is a lot of money going, leaving bonds out of it? look what is happening as we show you this chart of apple apple down three%. look on the gold front, 1606 bucks an ounce. keep in mind, 18 months ago,