make no mistake opponents are ready to throw punches. maria: we will see what the democrat establishment has to say about that. steve forbes, dagen mcdowell, rob smith, always a pleasure. >> thank you. maria: stuart, take it away. stuart: good morning, everyone, we should play elvis, viva las vegas, it was not boring, not good for mike bloomberg, he stumbled, didn't seem prepared for attack that is he surely knew were coming, he didn't know how to respond, he was not in command, a good tv performance is vital these days but mike bloomberg didn't bring it and neither did joe biden, unfocused, lacking charisma and vigor and closing remarks were

interrupted by immigration protestors. the winner, bernie sanders, clear front runner and that's a problem for establishment democrats, their big hope, bloomberg failed and the moderate vote split every which way, they may be going to the election with a socialist presidential candidate, meanwhile in phoenix the president drew enthusiastic crowd, he mocked mini mike and wowed the crowd when a veteran was carried. of arizona with thousands of modest slight for stock, could hard-working patriots who believe in god, family and it be investors are nervous country. i love the unbelievable energy about bernie's showing, nasdaq in this crowd, honestly, there's tremendous energy in your nation, there's tremendous down maybe down 20 odd points energy in our nation. coming off record high. we are in the midst of the great american comeback, our country here we go, varney & company, is stronger today than ever

the debate edition is about to before. we are going to defeat the begin. radical socialist democrats and we are going to win arizona in a landslide. ♪ [cheers and applause] stuart: you know if you put debate on one screen and trump ♪ rally on another, sidely side, split-screen viewing you know where the excitement was. >> that's not a way you grow let's bring in fox news reporter vetter -- voter. todd piro, you were at the rally, tell me what it was like at the rally first of all? >> yes, stuart, good morning from not quite yet sunny >> no i'm not talking about donald trump, i'm talk about phoenix, arizona, pretty early still here, the rally was exactly what you would expect from the rallies, a crowd that mayor bloomberg. is energized, that brings in >> should you have earned that energy, someone who has covered much money, yes, i worked very a bunch of rallies for different hard for it and i'm giving it candidates it's a different energy, different feel and it really is difficult to put into away. stuart: that was the debate in words what that experience is, whether you like trump or not, vegas last night, bloomberg the you have to acknowledge that focus of a lot of attacks from there's something palpable the other candidates, look is there. there's also the topics that here, herman cane man who ran people want to talk about and we

had a lot of people that wanted for president back in 2012, i to talk a lot about topics, a say it was a disaster for bloomberg and you say what? small sample of what people had to say last night. >> it was a disaster for bloomberg and here is why, he >> i have -- they have no plans thought given logical explanation to how he made a or agenda except to impeach mistake with stop and frisk them. >> i was a democrat and we left would fail, it doesn't, the it because it never did anything media and his opponents do not for us. >> if you look at a democratic care about logical explanations, field is there anybody that stands another that could threaten the president? >> no, not at all. elitism didn't go well, constantly attacked by opponents and despite what he said he did >> just snipped but we do have people at the diner where we are in new york city, it didn't fly at this morning, let me and he was constantly attacked introduce you to my friend by everybody on the stage. theresa, theresa, what does it mean as a phoenix person, arizona resident to have the stuart: we agree on this, it was a disaster, where does that president come to your area? leave the democrats, i say it >> come coming into arizona leaves them in real trouble again has totally energized the because it looks like a socialist will head the ticket going into november and the entire community, we are excited moderate vote, if you want to call it that, it's split every to keep arizona red and help trump keep america great again. which way, do you see it the

>> this is a tough battle, you same as me? have presidential race, a lot of >> not so fast kimosabi. democrats think this is play i don't believe the socialist may head the ticket, bernie may senate, mcsally race, do you be gaining momentum, don't count think it will remain red? old joe out, i said that there >> i do, i honestly do, you can are quote, unquote, normal sense it in the air and feel it in the air, of course, we all democrats who are looking for a deal with social media, the candidate as close to normal, excitement is there, the even though we may not consider momentum is there and i think joe normal as they possibly can. we've got it. >> all right, stuart, theresa i don't think it's a conclusion wore the southwest motif, todd yet that bernie will hit the ticket. stuart: look, this is not so much. television, a presidential [laughter] stuart: the crowd liked that one, before you go, a feel-good contender has to perform well on moment at the rally with world television, you have to have war ii vet, tell me. live, vigor, project, communicate, joe biden does not >> so i'm losing you here on do that. >> no. ifb, stuart, i will say the he did not come across as moment that everybody is talk about, the president is talk presidential, he didn't come across as showing great about here in the diner everybody is talking about that moment where the world war ii leadership, he -- he got more veteran was carried and i just sleep this time than he did before the last debate, we could think by a reaction, when you

saw that, that speaks so much tell that, energy level was a not only about america but about little bit higher, he was not the state of arizona and this is convincing, not al -- at all, what people especially the trump bernie sounds like he's always voters but not just republicans, on fire, that's the problem, 3 there are democrats that want things that came off the stage, that brought back to the nation beat trump, that's not a and often times we just don't strategy, raise taxes, they want see that talked about in to fund lunatic ideas and they mainstream media and i think it don't know how much it cost and was a beautiful moment last third more government control, night. stuart: hey, todd, i could hear those were the things that came from nearly everybody up there the crowd around you applauding with the exception of amy the world war ii veteran, we klobuchar, amy tried to sound almost had a round of applause in the studio. are you going to colorado for for moderate and bloomberg tonight's rally? didn't say anything unless he i don't think he can hear him. was attacked and made long we lost him. >> going to vegas. assumption that logic would play stuart: quite right, there's a caucus coming up. with his opponents and it did thanks, todd piro, look at the not. stuart: thanks for joining us. >> yes. screen, norwegian cruise lines, stuart: staying on the debate, debate edition of the show, sixth consecutive week of listen how bernie defended record, however, canceling asian socialism. roll the tape. cruises through the third

>> we are living in many ways in quarter this year because of the virus, the stock is down 1% on a socialist society right now problem is as dr. martin luther that news. still on the virus, 2 passengers king reminds us we have socialism for the very rich, from the diamond princess cruise ship of japan have died, susan, rugged individualism for the poor. stuart: sorry, i don't get that, bring me up to date with the rest of the passengers? gary kalbaum does, what do you >> 621 of them had coronavirus think about bernie winning and out of the 3,011 that were what do you think about the market. tested. >> i am depressed. two tragically elder individuals here you have mike bloomberg that has 167 offices, 20,000 died, 87-year-old man and 84-year-old woman, half that employees, $10 billion a year in have coronavirus have no revenues, bernie sanders has symptoms, 20 in serious never run a lemonade stand, conditions, we know that deaths have risen to 2,000 around the world, iran had 2 deaths related never created a job and to coronavirus and hong kong gets reported second death as bloomberg gets rolled last well. stuart: do we know where night, this election is about passengers are from the princess cruise line, where are they capitalism, hard work, rugged going now? >> the ones that do have individualism, upward mobility versus a guy that wants to coronavirus are treated at tokyo confiscate all the wealth of hospital and the rest allowed to

this country, imagine, 8% a year go home after 2 weeks at the from the people that created all coast, some say this was a tough the jobs and all the wealth, the terrible, horrible billionaires ordeal. stuart: that's the human side of the story, big deal. which guess what the billionaire susan, thank you very much. is going to do, they are gone, any change in futures? do you think they will sit here and take it from bernie sanders ten minutes to the opening bell, we are still down across the 8% a year, they tried it in board but not a huge selloff, france, they had to get rid of bloomberg campaign issued what wealth tax, a missed opportunity it called a dire warning to by somebody who is supposed to be a capitalist and understand other democrats, this is before the debate last night, it's all what works in the economy, very about front runner bernie sanders, issuing that kind of depressed here. stuart: we are looking for warning about sanders, how about that? more varney after this. modest loss for the dow, do you think this has got anything to do with bernie's success last night? >> not so much today, we need a pullback, see me in 5 weeks if sanders wins the nomination because then you have trouble, somebody that wants to take a country and he keeps saying democratic socialism, nothing democratic about socialism number 1, number 2, he's so far

left it's not even funny, we'll pick up and deliver proposals are what chávez did in your clubs on-time, guaranteed, for as low as $39.99. venezuela, exactly, take away from the corporations, the state shipsticks.com saves you time and money. runs everything, confiscate the wealth and then look out, put make it simple. make it ship sticks. your cronies to run the businesses into the ground, that's what he's after and again, mike bloomberg what an opportunity, he didn't do anything with it, donald trump i think is probably going to be different on the debate stage it gets to that. stuart: donald trump won last night. >> i say he won big time, all the talk last night go, back and replay it if you can, taxes, regulations, fines, rules, take other of industry, there was nothing about we the people, by the way, government doesn't turn on the lightbulbs without we the people and hard work and taxes and i think all of them forget that. stuart: you didn't want to talk about the market this morning.

thanks, gary, i will turn away and look at tesla again, some stocks that you to follow on a day-to-day basis, tesla is holding above $900 a share, went straight up yesterday, very modest pullback this morning, down 1%, 902 on tesla. same story pretty much with virgin galactic way up yesterday and up more today, more on tesla and virgin galactic later in the show, they are moving stocks, big financial deal, i have to tell you about this one, morgan stanley buying e-grade, jackie deangelis, what do you have? >> it's all stock, you traditional wall street firm morgan stanley in retail business in overall portfolio, they will get 5 million retail customers and $360 billion in assets, this is the largest yield that we have seen since the financial crisis in 2008, stuart, comes in the wake of

schwab buying tv last year. stuart: we are down pretty much across the board, this is not a selloff by any means, down maybe 60 on the dow, how about this one for you, san francisco sheriff and san francisco mayor say will not help federal agents deport illegals, the president had a lot to say about illegals in border state in arizona last night and we are following it for you, trump adviser stone, roger, with a next hour, judge napolitano says he should get a new trial, the judge is on the show and the president drew a huge crowd in phoenix, todd piro shipsticks.com saves you time and money. some people say that's ridiculous. was there and spoke with voters i dress how i feel. yesterday i felt bold with boundless energy. and one of them a democrat, more this morning i woke up calm and unbreakable. varney after this. 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. >> what was this about the bloomberg campaign putting out a memo about bernie sanders? ashley: unfortunately for the bloomberg camp the memo got out basically said a whole bunch of the other contenders are going to have to drop out otherwise you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. they will cipher votes away from we're building the most powerful 5g experience for america. it's more than 10x faster than some other 5g networks. moderates, let me give you excerpts from the memo, if and it's rolling out in cities across the country biden, buttigieg and klobuchar remain in the race despite so people can experience speeds that ultra wideband can deliver. having no path to collecting 1.7 gigs here in houston. delegates on super tuesday and 1.8 gigs here in frigid omaha. beyond, they will propel sanders almost 2 gigs here in los angeles. to a seemingly unsurmountable that's outrageous! it's like an eight-lane highway

compared to a two-lane dirt road. ♪ delegate lead by gets votes. stuart: the moderate vote is totally split opening the door with bernie, come on, get with the program, herman. >> i believe it is opening the door to bernie, but as gary said, bloomberg missed an opportunity, you know you're going get attacked for the various things that they've already identified, the debater would pivot to capitalism and defend capitalism, i heard him use capitalism maybe once, i happened to have watched the debate, that wasn't enough, he needed to give more examples to counter all of the socialist ideas that were spewing from them, now, i still don't think

bernie is a lock even if he wins super tuesday, i could be wrong but i still don't because people are not going to allow socialism to replace capitalism in this country. stuart: you got it. herman we will meet again to discuss debates and primaries. >> thank you, stuart. stuart: quick check of futures, we will be down across the board but not a serious selloff, back 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. managing lipids like very high tryou diet. exercise. tough. but if you're also taking fish oil supplements...

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so you can... retire better. stuart: we have about 45 seconds to the opening bell and quick look at futures shows that we will be down, but, again not that much. we need help today, let's bring in scott martin, of course, susan and ashley are already here, all right, scott, real fast, look, we will be down at the opening bell, do you think that has something to do with bernie sanders looking like the big winner last night? >> it could be, stuart, it could be just general pullback fallout from a great run, i mean, a run in the markets that we've had amidst some economic data, obviously a little bit of contention with the coronavirus and what's going on there, it seems fair that the market is pulling back hopefully but every pullback so far has been a great buying opportunity. >> you're wrong about the economic data and i will go into that in a moment, 9:30 eastern

time, we are off, we are running and in a very early going we are down a fraction. we are down 40 points, show me the s&p 500, por favor, the s&p is down, and that's coming off record high, by the way, the nasdaq composite, where is that, it is down, about a quarter of 1%, again, coming off at all-time high, couple of stocks to check from the get-go, the real estate company zillow better profit, 14% higher, better sale and better profit, dominoes popping up 22%, big financial deal to tell you about, morgan stanley buying e*trade up and look at tesla, more than doubled already this calendar year, still above $900

a share, where is it going from here, scott martin, please. >> eventually higher, stuart, but i think for the short-term it will be a bumpy ride because the fact there are short sellers in the name, the traded these days, that gives movement that's probably outside, overall tesla is a great company and have a great future but i wouldn't buy at high levels. stuart: got it, still at $900 a share, virgin galactic, i will call this a space stock. thank you very much, susan, more than tripled in the past 3 months, that's extraordinary, what's driving this got, explain to me? >> well, a lot of hype and hope, stuart, i'm just going keep the puns rolling, that stuff that you need to be careful of as investors you can't chase names like, this i like to prospects of what they are doing there, richard branson really big innovator like elon musk at

tesla, similar to tesla you to wait for things to pullback and yes, have gravity come in on the name and put the money to work. stuart: i have to tell you that space stocks like spacex and virgin galactic, maybe they are the trillion dollar club member of the future, distant future, a lot of people are saying that, look at sam adams, parent company of boston beer, profit falling short, hard seltzer is helping. ashley: millions of dollars to get into the field, all the big brewers are getting into it, the twisted they brands having successful with lemonade apparently because beer consumption is going down and having to get into this other area, of course, it cost money to get into these new areas to market it, bottle it and all the rest of it, boston beer as you say, it wasn't that rosy for the rest of the year, that's hurting

the stock. stuart: down 5%. you have tried hard seltzer and susan you have not. >> i have not. stuart: dow industrials down 48 points, that's it, in the early going, a loss but not big, l brands are selling victoria secret, down a buck 85, ibm, i call this old tech yesterday on the program and we incorrectly said it's not wildly held, it is wildly held, ibm is a dow stock a lot of mutual funds and 401(k)'s, chances are you own a bit of it, apologize for any confusion on that one, ibm is down 150 is the price, 10-year treasury, the yield is down, the price is up, that means money is going into treasury bonds away from risk of the market into the

safety of the treasury, 154 is your yield. price of gold right now, i'm sorry, up 650. as for oil, i didn't know that -- going up. there goes your cheap gas, stu, that's the way it is. i want to spend time on smile direct club, very much under pressure because we understand that top dentist might lose california license, we need more on this from kristina partsinevelos, what you've got. >> he is the chief clinical officer name jeffrey, there's a 2-year investigation by the california board of dentists that are looking into his practices, they're accusing him of defrauding the state, lying and acting with gross negligence, you can buy the at-home kits for $1,900 and take pictures of your mouth and send pictures, they check it and you can have this kit and you can straighten your teeth that way,

what the lawsuit is saying two major points, one that this dentist opened up locations in california under his name, allow today practice dentistry but really it was under the company's name so they're not allowed to practice dentistry and the second thing is that waiver ewe sign when grow into dentist's office, he's claiming that he's liable as dentist but you sign rights away when you sign the waiver, the company has responded late last night because this investigation and this report came out yesterday and they said that the media has got it all wrong, it's entirely without merit and if anything california is just acting in retaliatory measures because smile direct sued california last year for and illegal investigation, the company, though, has had all kind of issues and people complaining about broken teeth, teeth falling out, jaw sore, but there's only a small portion of them that have issues when you

think how many people use our product, last but not least, this could be a big deal because there's 10% of shops are in california, so could be huge hit, this guy is all over the marketing material too. stuart: once promising ipo and now it's not, that's pretty bad pr i have to say. >> try to work on it. stuart: thank you, kristina, smile direct. let's see what we have here, new feature on uber let's rideers report in secret. >> making sure drivers and riders get from a to b safely discreetly means inappropriate remarks being made not paying attention to us if the driver is not doing that, we know that last year uber came out with first safety report of any ride-hailing companies, 9 deaths and 58 people that died in crashes along the way and they have been rolling out new safety features since 2018 called ride check, another one where you can

discreetly complain, we all get there. stuart: trying to sort it out and uber made it to $40 a share, still shy of $45. got it. more and more people cutting the cord, we have numbers on this. ashley: the pace of cord cutting last year accelerated by more than 17%, 3.2 million subscribers last year, 5 and a half million subscribers cut the cord. comcast, lost roughly 1 million and the satellite people too, direct tv lost more than 3 million, dish network lost more than half a million people, people are cutting the cord, very expensive cable operateors.

stuart: come in scott, they are going to streaming, does that make streaming stocks at this moment streaming buy and what are you buying? >> yeah, streaming is screaming for a buy here. you guys talked a lot about this on the show, the streaming aspect arena so s so big that if you put streamers together and buy 4 or 5 of them you will pay as much as cable bill. at some point they'll be bundling, but so far we have been taking advantage of streaming buying and adding to disney here. stuart: what about netflix? >> i didn't like the earn that is much that we got a couple, i guess, a few weeks ago, nasdaq is pushing and resistance in the past and divesting from that name. stuart: let me go back to disney for a second, disney plus, they

will launch in india next month, wells fargo analyst says it could be better than netflix which is very successful there, can you tell me anymore about this, susan. >> well, look, this is a big deal, could rise to 10 million, 12 million by the end of -- stuart: subscribers. >> 28 million subscribers in the first few months and morgan stanley 130 million subscribers across all online video services by 2024. stuart: that's a lot of people. >> doubled by the way disney's projections in terms of what they had expected the numbers subscribers to be, run away success and you will hear more about baby yoda in the future. stuart: it's that time, 9:40 eastern time, scott martin, we will see you soon, check the

market, minor loss for the dow industrials, we are up 30 points, that's it, 29,300 is the level. spacex, plan to go launch people into orbit, we have the guy in the 11:00 o'clock hour who is space tourism, he's on the show, maybe he can convince me to get on board, former trump adviser roger stone will be sentenced next hour, judge napolitano says he should get a new trial, the judge is coming up. democrats took shots at bloomberg lots of shots and so did president trump in yards rally, you'll hear some of it next. hi, i'm bob harper,

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ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. >> now they have a new member to have crew, mini mike, i hear he's getting pounded tonight. he's in a debate. i hear they are pounding him. he spent $500 million so far and i think he has 15 points, fake

news, how many points does he have right now? 15. the dnc, the dnc is going to take it away from bernie again, that's okay, because we don't care who the hell it is, we are going to win. [laughter] stuart: bloomberg really took a bashing, both in the debate and trump rally last night, come on in kathy with rnc, i've got a feeling that maybe the democrat debate up staged the president last night, i know you're laughing but everybody wanted to see how mike bloomberg performed, he may have up staged donald trump, what do you say? >> well, they tuned in for the fight for a few minutes but quickly tubed back out when you saw that they weren't offering any ideas, they were just bashing each other, i have to tell you, i don't know if you saw in the trump rally but when the president, he himself said he was up staged by the world war ii hero that he called out in the rally, that's what was trending online last night and that's what the american people want to see, they don't want to

see democrat bashing each other because they think they are more deserving to have office when they are not spending time talking about the ideas that would work for the american people which, of course, president trump does. stuart: the president moves onto a rally in colorado tonight, i believe, now the president lost colorado, i think it was by 5 points to hillary back in 2016. you're going to tell me that this time around the president will win colorado, go ahead. >> thanks for the help there, but we do feel really good and let me tell you why, stuart, we have talked about this before, there's an infrastructure there and has been building since '16 and '18 and for the president to go into the lions den where the democrats skipped over them, we are doing great things and you all have an opportunity to be part of this great american comeback in a way that you aren't already, and to go in and with senator cory gardner show that it's not just important to

reelect president trump and we get other good elected officials there that would work on your behalf. that's part of the long-term big-picture plan that's advantage of donald trump and the republican party right now, not happening to democrats side, they are depleted, they've got low enthusiasm, they can't find voters, they're having a mess on the democrat side versus republican side not only are we working to reelect the president, we are working to get the strong ticket together to get more results if the american people. stuart: now at all of the rallies in the past people have lined up for day or even 2 days in advance, do you happened to know if they are lining up in advance in colorado right now? >> they are, i just checked in on some of the live looks and there's a line forming, it looks like a snowy cold day but we know that doesn't keep away trump supporters and i expect full packed house tonight. stuart: thanks for joining, we will have a look at the rally tonight, kathy smedlile, minor

loss across the board, down 45 on the s&p, down 20 on the nasdaq. amazon's very first employee says now the company scares him, tell me why. >> it should be broken up given size and influence he says over small business' ability to thrive online, the gentleman was the first chief technology officer, first employee and he left the company back in 1999, 2 years after amazon went public, but he, i guess, going a long with elizabeth warren and some at the doj to help tech companies, amazon, google, facebook and whether or not they should be broken up, it's interesting that the first chief technology officer, first employee, remember mark zuckerberg partner, door room

partner, promoting that facebook should be broken up as well, so the former employees, former friends, former partners. stuart: didn't that first employee get some stock? >> i'm sure he did. he has a lot of money. >> thank you, susan. >> moving onto embattled start-up, wework, 16 million-dollar private jet is on the market. >> yeah, this was somewhat of sg from ceo adam newman, this caused quite a rift when it was found out that wework had bought the private jet, 50, 60 million, whatever it's worth because the employees were being tole at the time, look, we have to be tight on the resources, no -- no raises, no bonuses and, of course, the timing of all that when we found out that he had

jet and crisscrossing the world, now up for sale, north of 15 million. stuart: north of 15 million. i'm not in that market. ashley: no. stuart: sense of how the 30 stocks within the dow are doing. pretty even split, half in green, half in red, half up, half down. the new season of the popular video game fortnite is out. does it live up to the hype and how much will it make? the numbers could be huge. i'm asking a gamer those questions in a moment.

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not promise... prove. don't miss the final days of the ultimate sleep number event. save 50% on the sleep number 360 limited edition smart bed. plus 0% interest for 24 months on all smart beds. ends sunday. stuart: well, we have a new season of the wildly popular individual go game fortnite, it came out i believe at 6:00 a.m. eastern time this morning, now last year, last calendar year it made a whopping or brought in $1.8 billion, we are talking serious numbers here. gameer guy brian, brian, big anticipation for this release, how many people were waiting for it? >> well, you have the 250 million users that are already part of the game and then on top of that, what they are really looking to do is bring in new users, they want to hit the 300 million bark -- mark because they want to create

revenue and huge community that's all about fortnite. stuart: you actually pay money to buy extra stuff in the game, that's how they get their revenue, right? >> exactly, that is exactly correct. what they do is offer ability to play for free and if you choose to you can add battle passes and others to customize capability. stuart: downstream income. tell me the demographic, i'm under the impression that gaming is heavily young male, give me some numbers on that, is that right? >> well, actually it's becoming hugely across the board for everyone and you have a lot of female gamers coming into the mix, more than ever before you have women playing especially mobile games, games are taking into consideration when designing all the new patches and updates, they want to embrace every single person that plays in the community and not just stereo typical young kid at

home. stuart: does remain largely young male demographic, doesn't it? i know they are trying to bring women and at what point, 60, 70% young male, 80%? >> at the minute it is just under 60 and i wouldn't exact i will say young male, it's 35 and under, yes, it is broadly that, with that being said, the numbers are getting lower and low e each day with all the amount of new players that games like fortnite are bringing to the table. stuart: okay, expand the market, why not? here is one for you, fortnite teaming up with star wars, what's that about and why they are doing it? star wars is the people of my generation for heaven's sake? >> well, i would argue for people of every generation as fan myself, that being said, it just came out that fortnite is now within the star wars cannon, it is officially part of the star wars universe and that's something that i know impresses a lot of people but also really important for fortnite because

they had an event last year with director jj abrams who actually was part of fortnite and they had a little speech from senator that referenced in the films and you can hear it in fortnite, that's a pretty epic, if you excuse the punt, way to get involved in huge star wars universe. stuart: we will take it. i'm moving on, thank you very much, indeed. this caught my idea, i can hardly believe it, yesterday burger king posted a video on youtube of a whopper going moldy, is that their marketing strategy? ashley: it is, what they are trying to say we don't use preservatives and artificial flavors so time lapse video, 34 day that is shows your burger becoming with mold and everything else, i get what they are saying but i'm sorry, i think burger king and i think of the video, that's not exactly the association you want to have, but the point is that fresh and no preservatives,

nothing artificial, that's the big key strategy these days in the fast-food business. stuart: that mold likes like penicillin. ashley: does, indeed. [laughter] stuart: stop laughing at me, part-time moving out of new york in droves, why are they leaving, i have a pretty good idea, we have all the answers coming up later. roger stone sentencing coming up if a few minutes, how long is he going to get, big question and we are all over it, mike bloomberg took a beating at first debate last night, bernie sanders in my opinion emerges as clear front runner no matter who the democrats nominate, it's going hurt your money. i will tell you why next.

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stuart: new this hour, we see a lot of positive news own the housing front recently of we're about to get latest read on mortgage rates coming up in literally just a couple of

seconds. ash lives for this. he lives for this. ashley: edge of my seat. i will jump right in to take it. 3.49%. up from 3.47% as week. a couple nuggets, good news. residential construction on pace for the highest level in 10 years. applications to buy a home are up 15% year-over-year. still a lack of inventory is a problem but new construction may help a leave some of that. stuart: low mortgage rate. ashley: yes. stuart: suggests, the other news suggested maybe the housing boom is picking up. ashley: especially towards the spring. stuart: anything more on housing, susan? >> home building i know, doing better than people forecast 13 years high. data for december shows highest home building since 2006. home a fifth of the economy. highest 13 year pace. stuart: coput a shot in the arm of the economy rest of this year. that could help us.

susan: think of construction jobs, 144,000 in month of january. why in better weather. more home building. 13-year high, people need to bring in labor to build homes. good for the economy. stuart: hard to get a handle on the housing economy. >> is. stuart: a lot of different areas and different statistics. seems to be on track for a nice gain this year. ashley: yes. stuart: cillo, that is the app that helps you find houses for sale -- zillow. the stock is up, 17% higher. jackie deangelis, why is the stock up so much? reporter: made better than expected in the fourth quarter. this is sign housing recovery is here to say. people are buying homes. they feel come fatherrable enough to move. indicators after strong economy. this is one of the strongest recoveries on record but it needs to be supported by housing to improve. this is coming off the housing numbers yesterday, near 13-year

high on building permits. zillow stock up 17%. stuart: that is a very nice gain. thanks, jackie. new this hour, sentencing for roger stone will get underway. close associate of president trump. he was convicted last year of lying to congress about his attempts to get details from hillary clinton's private emails. edward lawrence at the federal district courthouse following this. set the scene please. left handside of the screen. reporter: stu, this starts in a matter of minutes. the judge will read seven counts that roger stone was found guilty on. stone will have the chance to address the court. then the judge will impose sentence. they believe it will be between three and five years. stone will walk out of the building. judge decided execution of that will be delayed after a hearing about a possible retrial because of issues with the jury forman. president donald trump already stirring the pot on this. pinned to the top of his twitter account for the last eight hours

or so is a clip of tucker carlson calling for the president to pardon stone. stone was convicted last november on seven counts from obstruction, lying to congress and witness tampering. back to you, stu. stuart: thank you very much indeed. bring in harlan hill. trump 2020 advisory board member. i have a suspicion the president is considering a pardon for roger stone. any comment on that, harlan? >> he should and he will. it is clear with the recent development with the jury foreman, tamika hart a failed democrat candidate for congress and someone who lied during the selection process about her own bias to roger stone. he should get a new trial. regardless i believe the president will pardon him. that is the correct course of action. this is part of another witch-hunt. it is taking more victims in the the battle lines

of the election have already been drawn. i am not talking about campaign spending. i'm talking about the money in our pocket. no matter who the democrats select and nominate, he or she will propose massive tax increases. bernie or bloom. warren or pete or amy or joe, they will all take trillions, trillions out of the private sector and hand it to the government. the president wants more tax cuts. middle class tax cuts. lowering the tax rate middle income people pay, introducing a new tax protected savings account for middle income people. larry kudlow revealed all this to our own maria bartiromo. it didn't get the publicity deserved. we're all fired up this morning about last night's debate. all that political haggling and backbiting. when the dust is settled maybe we'll pay attention to the policy fight that really makes a

difference to you and your money. the democrats will raise your taxes. the president will cut them. harlan hill, still with us. i say the democrats are bad for your money. i know you will agree with me even though at one time you were a bernie sanders kind of guy? >> i was watching the debate last night and i walked away with one thing, last night was a clash between radical socialists on one stage, arguing over the best way to destroy this unprecedented period in american economic expansion and to hurt the american worker. we're fighting over whether we should have bernie's plan which is $60 trillion in unfunded promises to the american people or $30 trillion which is what, i think the rest of them are offering. this is unsustainable. it is unreasonable. i think everyone on that stage knows what they're promising will never come to fruition. stuart: i wish there were more publicity given to the proposed middle class tax cuts this larry kudlow spoke about with maria bartiromo.

that is a very important thing. that is a direct contrast with every democrat. trump will cut middle class taxes to keep this economy rolling. i can't believe that is not a very attractive election promise? >> well, meanwhile, look, democrats are talking about raising payroll taxes to pay for "medicare for all." we could not be more different both of these parties. one party, republican party, has a proven track record of stimulating economy under this president with the massive tax cuts he brought to bear. it is amazing and they want to take us back to the economic malaise of the obama years. they want to take money from your paycheck. that is not me making this up. read bernie sanders's plan. it will lead to increase in payroll tax, period. it is a fact. stuart: got it. harlan, forceful presentation this morning. well-done, young man. >> thank you. stuart: see you soon. better check the market. the dow industrials, they just turned south. look at that. the s&p is up. nasdaq is up.

both are at record highs. they closed at that level yesterday. they're both up. near, i should say, not at, but very, very near. meanwhile the dow is down two points. got that. how about virgin galactic? it continues its recent rise. they have over 600 reservations and $80 million deposits for their spaceflights. they're racing against spacex and blue origin to bring tourists to space first. virgin galactic up 5% this morning. there are the mag fa stocks. we talk about them every day. i want to bring in ray wong. maga stocks are on the screen. microsoft, google. amazon is the last one. who will be the next member of the trillion dollar club? >> next member, alibaba, facebook. they're in the lead for that and part of the reason they're subscription businesses and data driven businesses. those two things apply you to jump into different markets and

different business models. whether advertising, services, uber type driving facilities, delivery, they're all going after the same spaces. stuart: facebook, i haven't checked, roughly 600, $700 billion. i haven't checked yet. they have a way to go before they hit a trillion. the stock is 250, 300? >> 300. stuart: 300 and they're a trillion dollar company. alibaba is way behind that. alibaba is right about now, wish i had my phone working here -- susan: 600 billion. stuart: so they have a long way to go. a year, maybe? >> could be a year. could be two. depends how china develops. what happens with the post coronavirus. here is the thing. no one else can catch up. we have a trillion dollar cap club and everyone else. that gap keeps growing wider and wider. we're in winner takes all markets. stuart: those two, facebook, alibaba. >> have the most potential. stuart: they are thellar club n? >> three years.

stuart: three years. you've been right before. actually. that. you have always been in favor of the maga stocks. now you're saying facebook and alibaba keep going up. ray, you've been right before. i hope you're right again. >> thank you. stuart: see you soon. good stuff. the new sheriff of san fran says he won't help the feds deport illegals. a a anarchist groups attacked subways. started by a professor at nyu. they shut down grand central for heaven as sake. more on that story after this.

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s. >> are you willing toe release all of those women from those non-disclosure agreements? >> none of them accused me of doing anything other than, maybe they didn't like a joke i told.

>> he didn't get a whole lot done. he had stop an frisk. >> i apologized. i asked for forgiveness. >> the campaign said you would eventually release your tax records. why should democratic voters have to wait? >> i can't go to turbotax. >> you heard his defense. hive been nice to some women. stuart: oh. that was mike bloomberg making his debate debut. took a lot of shots. didn't seem to feel that comfortable either. harlan hill is actually still with us. not gone home yet. harlan, my take is bloomberg was the loser. what say you? >> came in with high expectations he spent a fortune, a fortune in television ads an online. you can't turn on tv without seeing mike bloomberg's face and i think people expected him to come in last night very prepared to combat. what we saw instead somebody that looked very rusty and looked uncomfortable being put to the fire and so, i would

expect that the polling will show that there is not as much confidence in him as people expected. stuart: bernie sanders is the clear front-runner and i think that dismays establishment democrats. you're happy about it. >> i love this civil war. i love to watch this fight to the bottom. you know, in last night it was absolutely a circus, it really was. people were talking over each other. elizabeth warren was trying to break out because she has -- she is are the last gasps of her campaign. joe biden, he looked so weak compared to bernie. it was for a long time it has been between these two candidates and bernie sanders has done an inincredible job capitalizing on momentum, the small dollar donations he has had. biden and defenders here across town would love nothing more to see bernie implode. stuart: you're loving it. >> i love it. i love it. stuart: i can tell. thanks very much, harlan. see you soon.

got it. economic the markets. we're in positive territory across the board. dow is up, s&p is up, nasdaq is up. last month a anarchist group swarmed the subways in new york city. they want free subways, no ticket costs at all and they don't want any cops on new york city subways either. i want to bring in gabriel nodales, a former antifa member. do you know who was behind this subway swarming? >> apparently a professor named amin hussein. that is troubling he is not alone. countless professors share violent ideology. this is antifa ideology that you're allowed to hit somebody or attack somebody because of split calf disagreements. antifa was unknown group now to prominent threat in american politics. stuart: this is outrageous. they shut down grand central.

maybe that was was a separate protest. they prevented a lot of people getting too work or from work. can we expect more of this? >> i definitely think so. when you just said is perfect example what antifa, this mentality is. they pretend to be fighting fascists but they're not fighting fascists. to give you another example, in portland, oregon, couple weeks there was supposedly a kkk rally, so antifa went. there were no kkk members rallying, instead of going home to declare victory, they stayed around, defaced monuments, attacking trump supporters, chasing independent journalists on the street. antifa is not fighting fascists. they're fighting anyone who dares to oppose them. stuart: hold on a second. look at this. conservative gun rights activist, kaitlin bennett confronted by protesters. violence increasing against conservatives all over the

place. it is not better. it is getting worse, gabriel. >> it is definitely getting worse. i want to make it clear people have every right to protest somebody they don't right. liberal student have the right to protest activist if they don't like her. what we're seeing is not protesting. it is harrassment. people are chanting disgusting things at her. also throwing things. at one point a security guard had to push her away to make sure she wasn't in the mob's place. unfortunately -- stuart: i'm sorry. i'm trying to interrupt. is anybody arrested in these people are assaulting people. do you know of any arrests of antifa people? >> as far as i can tell there has been a couple arrests here and there. we need to do much more than a couple of arrests. we really have to go into into these networks and tap into them. a lot of times they're on social media. they're planning these events. they're not just planning protests. they're planning to disrupt with

threats and intimidation. unfortunately a lot of times a lot of universities who ignore the problem. they don't want to deal with it. stuart: it is absolutely pathetic. gabriel, thank you very much, getting out of antifa and b, keeping us informed what they are up to. gabriel nadales. come back soon. >> got it. stuart: we're checking the market. we're checking streaming stocks now. because more people are cutting the cord. they're choosing streaming over cable. that is my interpretation. we'll show you the latest numbers. we'll ask ray wong, how long cable providers can survive. that is coming up. netflix's russian rival getting the backing of a big bank. does that spell trouble for netflix? good question. we'll tell you about it next. ♪. hi! we're glad you came in, what's on your mind?

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stuart: we just slipped into the minus column for the dow, the nasdaq and s&p. but it is a fractional loss at this point. let's get to the cable companies. we're losing a lot of subscribers. this is cord-cutting. five 1/2 million people stopped paying for cable, satellite tv last year. ray wong still with us. can the cable companies survive streaming attack? >> they are able to keep people at 60,$0 a user,$0 a user. they are able to hold them on higher speed bandwidth while they figure out what to do with the content play.

you see that all over the place. netflix, amazon, have 320 million subscribers, bigger than the cable market all right. you're seeing a shift to the internet and deep bundling. stuart: cord-cutting for cable companies. they cut the cord but it is made up for because the cable companies supply you with the internet. >> the streaming. stuart: the streaming comes down the internet, so the cable companies still have a piece of streaming action. so they don't disappear? >> they don't disappear because they are providing that last mile. stuart: i think i got it. not that i understand but ray, thank you very much for joining us today. we appreciate that. got that. goldman sachs of all people teaming up with netflix's russian rival. we are giving them money? ashley: we are. at least the russians would like that. it is called iv. it is russia's largest streaming platform t has been around for 10 years now. it is russia's largest one. it has about a 35% share.

it is getting together with goldman sachs to explore options. maybe private placement, strategic alliance, maybe ipo. deciding which way it wants to go. there was a report jpmorgan would take the company on and facilitate some sort of ipo the company says it is not true at all. it is teaming up with goldman sachs to explore its potential. stuart: i don't know how big the russian streaming market is? ashley: that is a good question. for a long time they pirated movies for free. that is the background when iv started. now they have paying customers, and gaining ground. stuart: they are paying in rubles? ashley: i'm sure they are but i don't know how much rubles per month. stuart: or exchange rate. sentencing hearing for roger stone is underway in washington. the defendant will get a chance to address the court. judge andrew napolitano is fired up about this. he says stone deserves a new

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♪. stuart: oh, yes. susan i'm sure you don't know this one. susan: no. stuart, dr. robert. ashley: you have sung this in the past, actually. we're not going to do that. stuart: i can't remember the lyrics. he is a new kind of man. susan: 1960s type of doctor? [laughter]. ashley: what do you mean by that? susan: the judge will tell you. ashley: enough said. stuart: mick jagger had the same

tutor i did at london school of economics. did you know that in. ashley: i did. stuart: supplying audience with information. got rhythm to it. you grow to like it, susan. check the markets. not much movement today. slightly on the downside for the dow. six points lower. let's move on. the treasury department issuing more sanctions on some iranians? who are they sanctioning? ashley: five members of iran's guardian council. the group responsible for vetting people who take part in iran's elections. in other words only the regime picks who will run in the elections. i want to very quickly, trump administration, this is from steve mnuchin. we will not tolerate the manipulation of elections to favor the regime's malign agenda. they are going after them with sanctions. stuart: what they are doing, sanctioning the people who are censoring the candidates. ashley: correct. stuart: so they might have a more free and open election. ashley: that's the hope. stuart: that's the hope.

moving in the right direction. ashley: it's pressure. stuart: good stuff. we have roger stone, former trump advisor, he is in court right now for his sentencing. stone will be given a chance to speak. the judge will delay the terms of the punishment. waiting to see if stone's request for a new trial is approved. all rise, as we used to say. fox news senior judicial analyst judge napolitano is here. why should he get a new trial? >> because he didn't get a fair one because the foreperson of the jury when asked, do you have any prejudice against this defendant, said no. may have been a truthful answer but it wasn't a complete answer. she should have said, by the way i've been tweeting against donald trump and roger stone for months. stuart: she had been doing that? >> it was an internal tweet. it was one that could not be found without hacking a committing a time. at the time the president complained about the suggestion of nine years which is totally outrageous and off the charts for this crime. and then the attorney general

said, well, we'll take that back the recommendation of nine the attorney general's involvement, this foreperson outed herself by revealing her tweets about the president and about roger stone. so the supreme court has said, you are entitled to a jury of 12 human beings who at the outset of the trial are indifferent as to the outcome. that's the test of neutrality, indifference. this woman, herself a lawyer, the foreperson, obviously was not only not indifferent, she was ardently anti-trump and anti-stone and the judge didn't know about it, the defense didn't know about it. we don't know if the prosecutors knew about it because they are gone. so as soon -- they quit. they quit the case. stuart: that's right. >> when the attorney general said your recommendation for sentence is too high. now whether he said that because he honestly believed it or because of the president's

tweets, who knows. that almost doesn't matter. their recommendation was very high. so stone could be sentenced for any number between zero and 50. stuart: years. >> years. stuart: in prison. >> in prison. judges have guidelines. the guidelines give you a range. you can deviate up to more time or down to less time. you can't make these deviations because of your feelings about the defendant or because of politics. you can only make these deviations because of facts in the case. stuart: okay. >> so we don't know what she is going to do, but, she should address whether roger stone had a fair trial before she sentences him, not after. she has the cart before the horse. stuart: that is what will happen. >> right. stuart: she will sentence him, delay the imposition of the prison term if he get as new trial. >> until she decides he get as new trial. stuart: she will decide? >> yes. how will she decide this? call the foreperson in.

interrogate the foreperson. let stone's lawyers interrogate the foreperson. she has to call in the foreprosecutors that quit. why did you quit? what did you know about the foreperson. let stone's lawyers, almost unheard of the defense lawyers get to interrogate the prosecutors they fomented this by quitting. she should do all of that before she sentences because if she decides, as i think she must, that he did not receive a fair trial, then the sentence is moot. then you can't sentence him because she will vacate the conviction. stuart: bottom line, at the end of the day i think i know what is going to happen. president will pardon roger stone. >> he will get a new trial or the president will pardon him. this is a real serious mess on her hands and her rigidity as well as her rejection of stone's first amendment rights is startling. what do i mean by that? stuart: are you questioning the judge's neutrality? >> yes. i will tell you why, stuart.

i understand, i never did this, i hated doing it, when judges silence defendants during the case. you can't go out in front of the courthouse and hold a press conference and speak to the jury through the press. i understand that. but once the case is over and the defendant has been acquitted or in this case convicted he should be to speak his mind. stone is it still under a gag order, even though his conviction was back in november. no purpose is served by that gag order. stuart: he will be allowed toe speak today in court? >> absolutely he will. he has a right to speak. the question will he be remorseful. according to him he didn't commit the crime. how can he be remorseful for a crime he didn't convict? guess how many angels on the head of a pin? a fascinating, very complex legal issue. i can't tell you how it will end. i would like to see it end with a pardon or new trial but this judge is rigid.

before i get myself in more trouble. stuart: stop yourself. napolitano you're all right. >> pleasure. stuart: i want the rest of this block to have an update on the coronavirus, okay? we have to get into this here. more deaths reported in china. susan. susan: 2,000 deaths in total, 75,000 confirmed cases around the the second death from the coronavirus. two in iran as well. passengers got enoff the princess cruises off the coast of yokohama two deaths, 87-year-old and 84-year-old. stuart: two left the ship have died? susan: yes. stuart: what is the next update i got here please? ashley: norwegian cruises. this is interesting because norwegian cruise lines announced record revenue. you believed that the cruise lines would be struggling right now but this is interesting. what they said, stu, they had

record bookings coming into the new year at higher rates. you would think the coronavirus would throw that out. it had an impact but they're still ahead where they were last year, accounting for all the canceled cruises to asia. they stay it will be about 75-cent per share impact of the coronavirus. of course it could go on longer than they anticipate, but, bookings are still ahead of last year, even accounting for the coronavirus. stuart: now we just got this coming to us from the world health organization. they say that the low count of virus cases outside of china, that is true at the moment. it is a low count, outside china, but, the w.h.o. says that won't last. in other words, they are suggesting, i'm reading into this, this is my words here, that maybe there will be far more virus cases reported outside of china. those number of reports will -- susan: that may stay for very

long. however they refused to call it a pandemic yet. meaning there are a lot of deaths outside of the epicenter where the disease actually started. there are positives there. stuart: we heard about the impact on the cruises. now we've got the impact of the virus on tyson's chicken business. what's that? susan: for the first time in five years tyson was allowed to export chicken to china. this would be worth a billion dollars according to the u.s. trade representatives office. we've seen pork exports jump six fold because of swine flu. but it is all backed up because the ports are closed. people are not back to work just yet. the economic fallout from coronavirus, a disturbing note from goldman sachs yesterday, saying a correction is probable. it has not been priced into the market. is it going to be, is it going to be a prolonged downturn in the markets? no. stuart: there is the coronavirus wrap up for you. ashley: yeah. stuart: okay, it is not over. that is the bottom line here i think. ashley: no. stuart: three maga rallies for the president this week, just

this week. we have one down. we have two to go. spoke in arizona last night. his next rally is in colorado and that is tonight. colorado he lost to hillary clinton in 2016. what will it take to turn the state around and make trump the winner in colorado this year? we're on the story. it is a good one. ♪ oh, i... i didn't know. you didn't see the sign? that... that wasn't there when i was here earlier. (whimper) really? you know, in italy, they let you park anywhere. have a good day, sir. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. (glass shattering) (frustrated yell) (car horn blast) (yelp)

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stuart: tweet from the president just coming to us, here it is. john kerry, senator chris murphy grossly violated the logan act with respect to iran. if a republican did what they did there would be very serious ramifications. former state department official christian whiton with us now. what do you say to that? that is coming at us from the president. >> the logan act is sort of a sham act.

dates from the early days of republic. it has never really been in force. it says you can't conduct independent foreign policy or purport to represent the united states without being authorized by the president and the secretary of state. this was the law to use basically to frame michael flynn. to get the fbi to set him up in the earliest days of the trump administration. what is good for the goose is good for the gander. if the law applies to republicans it applies to democrats. stuart: what was he doing speaking to senior iranian officials? what is going on here? >> this is basically to the '80s, where ted kennedy didn't like reagan getting tough on soviets and thatcher. he wanted a private hotline to diffuse the crisis. american people vote for the president. foreign policy is a big part of their decision. he is the person they entrust. that the constitution entrusts with making foreign policy. not a lot of senators or former senators like john kerry. stuart: well-aid, young man,

well-said. what do you make of ric grenell, american ambassador of germany brought on as national director of intelligence? he is a staunch much trump supporter. should a staunch trim supporter be in charge of the national intelligence or somebody independent from the president? >> this is a way to save the dni. that was a bureaucratic slapped on intelligence bureaucracy in wake of 9/11. it is a nothing burger of a position. people like james clapper who have been politicos who politicized intelligence and used the position. hopefully grenell can depoliticize it get it back to the business. our intelligence bureaucracy, is troubled, $50 billion a year, it is wrong so many times. hard to keep track. this is the first openly gay man to a cabinet-level position. another first for donald trump. stuart: got it. i believe, the next rally, the trump rally is in colorado springs tonight. i'm not sure, are you there?

i think you are, aren't you? >> i'm in denver. stuart: you're in denver. what would it take for the president to flip colorado and win it because he lost it by five points in 2016? do you think he has a shot at flipping this time. >> he has a shot. it is not easy to flip. that would be minnesota, he lost by one point, where his pro-manufacturing agenda works with people. we're in a state trending left. last win after republican in 2004. you don't see a lot of energy on democrat side. driving around denver, liberal side of the state you don't see amy or bloomberg or bernie bumper stickers. i think it is doable. stuart: i haven't seen a bloomberg bummer sticker in my entire life. christian we'll see you soon. we like a report from denver. thank you very much. >> thank you, stuart. stuart: the m gm in las vegas says they have been if hacked? what happened? ashley: this happened last summer. the information that was hacked appeared on a hacking forum this

week. 10.6 million. we're talking names, addresses, passport numbers of the former guests. however, mgm says it is confident, if you want to take this, no financial information was exposed but there was some famous people in there. justin bieber, his information. twitter founder jack dorsey among those. apparently everyone has already been notified but 10.6 million guests. that is a lot of people. stuart: if they don't know all about me and you, susan -- hackers are not doing their job. ashley: exactly. stuart: another liberal town in california, this is an uber liberal town in california, going against the president saying they will not help the feds deport illegals. going to break it all down for you next. brian kilmeade for join us for that. ♪. hi guys. this is the chevy silverado

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look at them. their ceo, they're up 23%? their ceo making comments on the virus. susan: okay, they said they have a relatively small part of their overall portfolio in china but still store counts, retail sales might be hurt because of on going coronavirus. this has more, this movement has more to do with their earnings today. the ceo is speaking out. but a lot of food companies. yum china, they operate kfc, taco bell, pizza hut. they will be significantly impacted. they will feel it beyond the first quarter of this year. stuart: domino's not significantly? susan: not significantly but they did mention coronavirus virus. they have a smaller store count than starbucks which shut down 2,000 stores in the country. i should point out to you, goldman sachs says there is correction coming that is not price into the market because of coronavirus. stuart: it is not priced into domino's stock. up 23% as we speak. that time thursday morning, we're joined live on the radio with brian kilmeade. he is the host of the

"brian kilmeade show." forgive me. i want to roll some tape first. i want to show our viewers what the new san francisco sheriff had to say about illegals. roll tape, please. >> our department is not involved in immigration enforcement. we feel that is a federal matter and our realm of interest is public safety and you can't really have a safe community of community members are afraid to come to us to report crimes. stuart: brian that is exactly the same as eric garcetti, the mayor of los angeles just the other day. we'll not help deport illegals. what do you say to this? >> an absolute outrage, sanctuary cities, sanctuary states, the one we're in now, they believe the same exact thing. i can't believe law enforcement would say things they can't fundamentally believe because it is politically advantageous to do it. i give the new york city commissioner finally so fed up with the politics of mayor de blasio, he finally left. i wonder how many more people have to be affected by illegal

immigration? when people will understand the magnet of sanctuary cities before they get fed up this is not about democrat or republican? president has to work the courts. stuart: i think the tide is turning. the tide of public opinion is turning against sanctuary cities and sanctuary states, do you think? >> i hope so and i think with gavin newsom of california as governor, gave the state of the state address says the homelessness issue is rampant and housing issue is rampant and, their tax issue needs to be addressed. beginning of a reality check but it will only take constituents in these democratic-run states to say enough before things happen. they have to answer the ballot box. republicans in states like this one, have to be legitimate alternative. they have to organize on issues like this. give people an alternative. stuart: you're right. i want to talk about sports and the, i see, a lot of baseball players are speaking out against

the houston astros for that cheating scandal. first of all, brian, listen to what aaron judge had to say the yankees guy. roll it. >> not only affect us as the yankees, it affected like i aid earlier the fans of the game. even other guys, guys lost their jobs because of it. guys went into houston and got beat up a little bit, never made it back to the big leagues. sick to my stomach. stuart: strong stuff. at the end of the day do you think the baseball commissioner will ever punish players. >> no. he made a deal. future players would get punished e he went in to get the bottom of it, union was not playing ball. here is the evidence i have, if you come clean i will give you immunity and he did. he can't go back on his word. this is bigger than they ever thought. astros are making it worse. they are not making contrition. he came out and said it didn't affect the game.

he knows better. he was a college pitcher himself. others are pushing back on dodger players. aaron judge respected as anyone in sports comes out and says that is a phony championship. stanton of the yankees, said not only did they cheat in 2017, he says he thinks they were doing it through 2019. the only time they expressed contrition because they got caught. keep your eye on the red sox situation. their bench coach became the manager and went ahead to win a world championship. we don't know the verdict. were red ox stealing signals too? i was mistaken. the fact baseball players were not coming out the scandal broke, they all do it. one got caught. the fact they're speaking out right now shows they don't all do it. they don't all use electronics. i do believe they use buzzers. i believe they are a talent ared team who drafted well didn't have enough confidence in the ability to win a world

championship so they cheated. ringleader, 39-year-old at the time carlos beltran lost his job as met manager with conversion. if the mets came up with a plan like this they have walked afrom it. so would yankees. we will see how much is involved because it involves players and not fans. stuart: when the astros take field i think there will be hello to play. hell to pay. say you. >> they deserve much more. they are dedicated fans who love their sports. they locked at astros said you're embarrassing our city. not the way you played, but what you did while you played. there are quotes from players say if i knew pitches was coming i would have hit 80 home runs. that how cheating is. this isn't something within the game that is handled. i don't know how they don't get booed and vilified everywhere including at home. they will start throwing at players. that is the way baseball rules their roost. they start backing them off the

plate and hitting them with pitches. i'm not condoning it, but that is how they handle it because judge is absolutely right. he was robbed of an mvp. the yankees lost every game in houston and won every game at home. they went into houston up 3-2, lost seven games series two games in a row. don't tell me it didn't help. stuart: that has got you fired it up. i don't realize how serious the cheating scandal was. >> bigger than you can imagine. stuart: i didn't know it. brian, thank you very much indeed. another story, spacex planning to launch real people into orbit. i don't necessarily get the appeal of that but the president of space adventures which try to change my mind. must watch tv last night. democrats debate. first debate with mike bloomberg. i will tell you who won, who lost. that would be my opinion. my take next.

t. rowe price invest with confidence.

stuart: pretty much a go-where market, our eyes are on some big movers as well, check morgan stanley, 13 billion, trying to focus on money management and wealth management. zillow brought in almost a billion dollars in revenue in fourth quarter, most of that from home-buying business which they started just last year, nice gain for that stock, not on the screen but nice gain, virgin galactic, the stock is up 200% this year, investors taking a look at space tourism for investors, interesting. the latest read on how much oil we've got in storage, big stuff. ashley: you've been waiting on this. stuart: dying. ashley: dying in the last hour. 414,000-barrels, not as much oil slushing around therefore perhaps we have seen oil up already a buck today, we will see where it goes from here but it was down in 53, 50 or so, the

cost of gas is going up, let's just cut to the chase. [laughter] stuart: thank you, ashley. you're a good man. thank you very much, ash. and now this. >> washington democrats keep on losing their minds, and now they have a new member of the crew, mini mike, i hear he's getting pounded tonight. >> i would like to talk who we are running against, a billionaire who calls fat broads and horse-face lesbians and no i'm not talk about donald trump, i'm talking about mayor bloomberg. >> mr. bloomberg has policies in new york city of stop and terrific which went after african american and latino people in an outrageous way, that's not a way you are going to grow voter turnout. >> let's put forward who is actually a democrat. >> he didn't get a whole lot done. >> i can't think of a way that is would make it easier for donald trump to get reelected than listening to this conversation.

[laughter] >> ridiculous. [laughter] >> we are not going to throw out capitalism, we tried that. other countries tried that, it was called communism and it just didn't work. >> dnc, the dnc is going to take it away from bernie again and that's okay because we don't care who the hell it is, we are going to win. [laughter] stuart: all right, to do well in politics these days you have to do well on television, last night mike bloomberg did not do well. okay, put aside his wealth and his policy positions for a moment, in tv terms, he lost, you want to beat the president you have to look and sound like a president, firm, in command, sharp, bloomberg was none of the above, instead of confident man that we see in the ads, viewers saw a candidate who sometimes stumbled and seemed ill at eased when attacked, he's not donald trump and that's a big problem for the democrats, the party wants him to stop bernie sanders, last night it didn't

look like he could do it so the democrats have a nightmare situation, a socialist at the top of the ticket, that's where they are this morning, they are heading into nevada's caucus on saturday and bernie is way out front an abc news poll says he has 32% support, 15 points above joe biden and double the support of bloomberg. he's got the wind in his sails and the establishment, the democratic establishment is very worried, what do they do now? mayor pete, joe biden, amy klobuchar, they are still in the race, splitting the moderate vote. the way the rules work, they will get delegates to the convention, so will warren, bernie will get a lot of delegates, bloomberg's money will buy him quite a few too, that's a recipe for blood-bath convention and totally split party, sum up the debate this way, bernie won, bloomberg lost, the democrats are in despair and president trump is laughing all the way to a second term.

let's get right at it mat schlapp, conservative union chair, i say bloomberg lost, bernie won and the divide. you have a smile on your face. >> i would be like i kiss your you know what, stuart, i never seen a candidate take himself like mike bloomberg did last night, he literally looked like he didn't even know he was showing up to a debate and what elizabeth warren and the other democrats did to him, they destroyed any credibility he has with these base democratic voters. stuart: of course, he's now -- i'm assuming he's kind of out or certainly down, but he's going to put his money some can where, he's going to give money to some of the moderates, isn't he? >> when i have a bad day i go to a bar and have too much vodka, i think michael bloomberg wl spend b here is what

everyone is forgetting. your ability to talk and communicate to the american people on video is more important than having a lot of money, all of mike bloomberg's billionaires of dollars can't give him a personality, can't give him any charisma and real reason that he's running as a democrat in this field. stuart: well said, hold on for a second, matt, stay right there, please, because i want to bring in nathan, i'm going to call him, he's on mel inial capitalist, nathan, welcome to the show, before we move on, i want to show you a clip from last night, bloomberg calling out sanders for having 3 homes, roll it, please. >> best known socialist happens to be a millionaire with 3 houses. what did i miss here? >> i work in washington. >> that's the first problem. >> live in burlington, house two

and like vermont i do have a summer camp. where is your home, which tax heaven -- >> new york city, thank you very much. i pay all my taxes. and i'm happy to do it. stuart: this was about the only hit that bernie sanders took and it wasn't powerful hit either. >> well -- >> he's the front runner. >> bloomberg did not look strong, i would say any moment during this debate this was by far strongest line, bernie kind of stumbled a little bit and try today hit back but, again, he got bloomberg got hit by warren, bernie, everyone coming after him, it was a mistake to agree to go on at all, when you're clearly doing this and be attacked why debate at all. stuart: i'm sure he has his reasons but he didn't prepare very well. but, look, bernie is attracting very large crowds, but then mostly young people, why is he winning the support of young people, you're a youngster yourself, explain this, can you? >> yeah, i'm not quite sure, i think what i don't like about both bernie and warren, stu, they basically look at folks

like us and they go, you need help, you know, you're not motivated, you're poor, you're broke, you need assistance, i think we are very talented, i think were very capable, i think we are doing very well, ambitious, we understand the economy is changing and another point of debate last night, warren hit bloomberg hard on the nda's and bloomberg should look in the camera and said, listen, elizabeth you wouldn't know what an nda is. they don't want to throw it out but they've never created job in their life. stuart: breaking news here, on the stone sentencing, what do you have? >> what's happening is the judges admonishing the attorneys for stone, they are making the argument that is threats were not that bad, the judge then read some of the text messages

allowed with the expletives saying that he does not agree with that, they down played his sort of threatening and lying to congress, the judge came out and said basically you lied, she's now saying she's told the defense team inside, she's still going through counts and counting every argument that the defense team is making to get a lesser sentence. stuart: we will come back to you exactly, roger stone may be able to address the court and i want to hear about that. stay there, lawrence, i want to get back with you shortly. matt, if i combined the support that bernie has with the support that elizabeth warren has, you put them together and the far left has a real handle on the democrat party right now which means they are totally split and looking towards a blood-bath

convention. >> yeah, look, we make politics too complicated sometimes, if you watch the debate, you could hear the moans and groans any time bernie sanders was attacked. the heart and soul is with socialism, stuart, this is a decision that has been coming for a long period of time but the polls now show it. look at who is actually getting the most votes in these early states, it is bernie sanders, he is the heart and soul and the fate of this movement to convert the democratic party into a socialist party, so you can just watch the debate, they don't want -- they are not rooting for michael bloomberg, this is a fantasy that this procapitallist democrat has any real support unless it's a very, very conservative state like oklahoma, so look at -- watch your eyes and trust them, listen to your ears and trust them, bernie sanders will get the nomination unless mike bloomberg and the establishment democrats can rig it and if they do, there

is going to be a civil war like we haven't seen in politics in a long time. stuart: you've got that right, matt schlapp thank you for joining us. >> thanks, stu. stuart: spacex is launching private citizens into space, later in the program today we talked to the man who is partnering with spacex, how much is that going to cost, by the way? i'd like to know that. bernie sanders vowed to fight corruption on the campaign trail, watch this. >> together what this campaign is about, not just beating trump, it is taking on the greed and corruption of wall street. stuart: however, a new book claims he's been funneling campaign funds to his wife for years, peter joins me to make his case on that. democrats are at each other's throats but president trump rallied his voters and, of course, boasted about the booming economy, well, guess what, we have new numbers on the state of the economy and we are breaking it all down after this

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>> we lifted 10 million people off of the welfare rolls, the best we've ever done, to lift up forgotten communities that need investment, great portrayal the is over, america is no longer for sale, america is no longer for sale. those days are over. after years of building up other countries we are finally rebuilding our country. that's the way we want it. we are finally putting our country first, we are putting america first. >> how does he keep his voice going, that's what i want to know? that was the rally in phoenix last night, again, the president

hammering home the economy is booming. now then, stay on the subject because the annual white house report on the economy has just come out and points towards 3% growth over the next decade, assuming you get tax cuts, an infrastructure package and trade deals, thomas philipson is with us, council of economic advisers acting chair. thomas, that's a really good report, great economy, but you still have a whopping great big deficit, a lot of people think that's a looming problem, your response to the deficit? >> well, i mean, the report is coming out today and basically two themes and i will get to the deficit as implication of the two themes, one is that this is not a continuation of the previous part of the expansion, that's one theme and i will get into that, the second one is that this has really been an inclusive trump economy where the lower part of the income distribution and wealth distribution is growing faster than the upper part, so let me get to the continuation --

stuart: hold on a second, the question really is here about the deficit, a lot of very intelligent people looking at it and saying, this is a looming problem, we've got a booming economy and we still have a deficit, going forward in the trillion dollars, it shouldn't be that way, what are you going to do about it? >> there's a couple of points on that, the tax cuts according to cbo's own numbers which have upgraded growth forecast is really showing that it had minimal impact on the revenue side of the deficit, obviously the president is correct in -- in expanding the military given how decompleted it was so it's really more of a spending issue than tax issue. stuart: what about the middle-class tax cuts, new savings vehicle for middle-income people, lower tax rate for middle-income people, is the president going to

propose those next year and dare the house, the democratic majority dare to oppose middle-class tax cuts, is that what's coming? >> yeah, that's part of the inclusive growth i mentioned. that wealth if you want to benchmark it, it's about .6 trillion where larger than all the 3 poverty programs we have, so it's really been a boom to the lower end of the distribution. we will essentially deliberate on the winner and spring here on how we will continue that boom with tax 2.0, but i mean, the underlying pattern here is that if you look at the lower end of the distribution the best antipoverty program invented by man is really increased labor demand and that's exactly what has happened. stuart: got it.

tomas, i'm terribly sorry i'm out of time, tomas philipson acting cea director, we appreciate you being here. >> sure thing. stuart: before we get to small business story, bottom right hand corner of the screen we have trip to south lands for the dow, now down 140 points, i'm not sure if there's any specific reason that just surfaced but we are down now a half percentage point. look at the level, though, 29,200. let's get to the small business owners, apparently they're optimistic on how they are going to do in 2020. ashley: very optimistic and that's very important, small businesses are the life blood of the u.s. economy, 82% of those who responded said that their business sales will grow this year, that is a very encouraging number, 60% plan to hire more staff, let me just see, 66% said they believe that the u.s. china trade war won't have any impact on their business at all, the biggest challenge, i thought

that was interesting for small businesses right now, securing capital. they want more capital and better access to it even though rates are cheap are getting loans approved. stuart: you jump through hoops, you know. [laughter] stuart: torture, it really. individual stocks that are moving, we will check them for you, first off we have smile direct club, taking it on the chin again, their top dentist may lose his license in california because of a two-year investigation and patient is complaining of teeth misalignment, not good for the smart direct club, they are down 5%. elle brands, retail guys are selling most of their stake in victoria secret, it'll become a private company worth a little a billion dollars, l brand up 30 cents on that, first aoc and political allies in new york and now republican mayor in chicago

saying no to amazon, what are they thinking? report coming up. our show has been all over the tax exodus happening all over the country, new and shocking numbers which show where the people are leaving, of course, it's new york and new jersey. you knew that. ashley: yes. stuart: we will be back after this. where's the truck? what? parked it right there. male voice: what did i tell you, boys? tonight we eat like kings! (chuckling) you're a genius, gordon! brake! hit the brake! uh, which one's the brake? (crash, bottles smashing) stop! stop! sto-o-op! (brakes squealing) what's happening? what? there's a half of cheesesteak back there. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. raccoon: i got the cheesesteak!

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and put the word out with godaddy. what will you change? make the world you want. stuart: right, the market took a sudden turn south, let's figure out why it happened, item number 1, we have the world health organization earlier saying that cases of the virus outside of china may rapidly escalate. not good news. item 2, goldman sachs they virus could create correction for stock market. item number 3, some u.s. hospitals, some or all of them? >> some of them are preparing for a possible pandemic. stuart: okay, pandemic and you have a worry on your hands, down goes the dow, i'm suggesting the virus is the reason for the drop in stock prices as we speak. that may be it. maybe something else going on, we will find out for you. all right, let's have a look, we

have the dow down 140, s&p down 13, nasdaq down 69. next case, you know i love a great tax deficit story, you know that if you watch the show, dierdre bolton is with numbers people fleeing new york and new jersey. >> two states that are losing the biggest population, new york number 1, career site, basically tracking who is coming in and who is coming out 1.6% to have population, new jersey next up, 97,000 people left the state between 2017 and 2018, about 1% you may wonder which states are gaining, arizona, idaho and utah. stuart: 2017 to 2018, that's actually before the chronically tax law came in. >> when you look at income tax for arizona, idaho, utah,

particularly arizona and utah 4.5, that looks a lot better especially with sunshine. stuart: yeah, you missed out florida. good numbers. >> sure. stuart: roger stone is in court, wait till you hear sentence, there's a request for a delay and a new trial, we are on it and we will talk to you about it after the break my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin.

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i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: we are close to session lows for the dow industrials, down almost 200 points, 207 points as we speak, we believe this is the virus goldman sachs says it could create a contraction for the market, a correction. >> correction, probably correction. stuart also prepare forking pan dem -- preparing for a pandemic in the united states. ashley: now we have this perhaps this could spread outside of china more than -- stuart: cases outside of china will start to rapidly -- ashley: not be complacent is what they say. stuart: down 233 points as we speak, there's another factor

other than the virus we will bring it to you, by right now i believe it's the virus that's pushing this market down. here we have breaking news on roger stone and the sentencing edward lawrence is there, what do you have? >> yeah, stu, they're in another 10-minute break or so we will get sentencing after that, but what the judge has been critical to have defense in this case talking about the text messages that roger stone sent also talking about the social media campaign in the face of the gag order, i want to tell you exactly what she said, quote, this is intolerable to the administration of justice and the court should not sit idly shoulders and say roger being roger, stone's attorney tried to say he's a family man, about to be a great grandfather, no criminal record and has done charitable work, the judge wasn't buying it saying that the original sentencing recommendation was in the range where it should be, we are talking 7 to 9 years, and then asked the department of justice why the change happened, the attorney at that point didn't know what what's the miscommunication was as they

described it but, again, the judge appearing not to sort of take the argument from the defense that this is kind of roger being roger and it seems she's coming down more on the harsher side when the sentencing comes down, we will have to see what happens in about 10 or 15 minutes. stuart: all right, edward, we will be back to you, we have dan henninger from the wall street journal, he says attorney general barr is needed by president trump, trump needs -- wait a minute, wait a minute. look at the market. what the devil is going on here? now we are down 366 points. we dropped below the 29,000 level. i'm not aware of any other factor that's affecting things other than the virus and the -- a lot of news about it, but we are clearly tumbling down 337, better than 1%. show me the other indicators, please, the s&p, i want to see the nasdaq because i'm pretty sure they'll be comparable declines right there. can we get it?

please, thank you. down 38 on the s&p, 1 point whatever it is percent. what do you have ash? >> down to 1.50, that's continued to drop, we are seeing money go into gold, strongly up, gold is up $14 already at this point, clearly money out of the markets and into safe havens. stuart: i'm sure gold is up significantly. ashley: $14. stuart: treasury price is up. ashley: 3-year treasury yield is at lowest since september 2019, so about 5 or 6-month low, we have the strong dollar that has been a safety rotation and people have been taking out of japan and other currencies and get to the safety of the u.s. dollar. stuart: goldman sachs had to say pointing towards correction -- >> probable correction. stuart: thank you. >> that's right. stuart: important word, probable correction. >> however, we have seen more cases right, more than 2,000 deaths being reported now.

stuart: okay, let's move on, thank dan henninger who has written piece in wall street journal, sorry about that. it really is news, you say that trump needs barr, make your case. >> well, do i think he needs william barr, barr said famously last week that trump's tweets were making it impossible to do his job and the president admitted do i make his job harder. let's understand what bill barr's job is, other than being attorney general, east under pressure, 2,000 former justice employees signing petitions saying he should resign presumably this is all about roger stone and the adjustment of his sentence. i think it's really about barr's testimony to congress in april of last year when he said i think spying happened occurred with the trump campaign and then he said, i need to explore this, it's that point where washington's head exploded

because bill barr was going to look into what happened, a month later he appoints john durham and a lot has been to delegitimize the durham effort and bill barr is in charge of that, if he were force to resign because trump was making his job impossible all of that would wash out to sea, we would never get to the bottom of the russian collusion narrative and more importantly bill barr would not be able to clean stables justice department. he's a valuable guy. stuart: that's a very good and higher point, henninger wins again in originality. i think that bloomberg last and bernie won big time, what say you? >> bloomberg did lose the debate, 60 million people voted for the democrat in the last election and i don't think msnbc's ratings were 60 million people for that debate, right, but the advertising that mike

bloomberg is buying and the rest with 30 plus million dollars that he has spent is reaching a lot of people, mike can still do that, he's not out of it, he did have a bad night last night, but i saw something emerged in the give and take between bernie and the others that suggested to me he has real vulnerabilities, maybe not so much in the primaries but i'm not so sure about that, one bloomberg did get him to say outright i'm a democratic socialist, secondly, pete buttigieg pointed out there's a 25 trillion-dollar hole in his medicare for all plan and bernie's answer to about his problems with workers in las vegas who want to keep health care plan it'll be cheaper, we will go to a system like canada or the united kingdom, if you -- there are many unions in this country who have those plans and if you're listening to that, i don't think it was an upside. then a moderator says to him, would you really ban fracking even though it would hurt workers and places like

pennsylvania and midwest and bernie basically said, yes, why, because we have to save the planet for their children. the blue-collar workers are not like millennial socialists, these are people who are high-paying jobs and good healthcare plans, i think that god knows donald trump would exploit that, but if any of opponents had the wit about them like mike bloomberg they too would explode it. stuart: appreciate it, all good, speaking of michael bloomberg there's a farmer, watch this. >> well, i'm no expert and i know a certain democratic presidential candidate who says farmers need more gray matter, you know that, yeah, i want to publicly thank you, sir, and ask you to please keep fighting for

us, thank you very much. >> we set up for devin and kevin, set it up long before mini mike hates the farmer. i don't know, i don't think he's going to be the candidate anyway to be honest with you. we will have to start working on crazy bernie pretty soon. we just found this out about 2 days ago. stuart: okay. tom, gentleman on the right-hand side of the screen, agricultural secretary under president obama, what do you make of a democrat candidate going after farmers or at least talking down to them, your reaction? >> well, it was a silly statement from a serious guy and i think it's a reflection of the fact that the mayor didn't participate in the first four states, had he participated in the first four states he might have learned a lot about agriculture and a lot about the amazing work that american farmers do, they are the best in the world on what they do, they may be the best ever, it does take gray matter to be successful farmer in today's world.

stuart: it was more than just the farmers, bloomberg talked down to factory workers, he's talking down to farmers, i mean, he's the classic elite kind of guy, what do you say to that? >> well, what -- what was impress i have to me the democrats have put plans to economies, communities that need help and democrats are speaking to that. stuart: do you think that socialism -- do you think that socialism, far-left socialism is the answer to the economy? >> that's not what the folks proposed, what they proposed is capital investment and expansion of the biomanufacturing and taking advantage of agricultural ways and trying to get into a variety of chemicals and

materials, creating new jobs, manufacturing jobs in real places, investing in broadband and infrastructure, it's not socialism, it's wise investment. stuart: banning fracking? >> well -- stuart: the green new deal opposes farming of cattle? >> well, that's one candidate's proposal, that's not necessarily representative of all the democratic candidates. the candidate i supported basically is talking about net zero emissions for agriculture by 2050 which would create a massive new opportunity for american agriculture as well as manufacturing jobs in rural places, so i don't think he can paint the democratic with the single brush here and this nomination process has a long way to go before we know, in fact, who the nominee is going to be. stuart: that is true, mr. secretary, thank you very much for joining it's so short, i have a jam-packed news day, sorry, sir, thank you for being here. >> you bet. -- 300

points on the job, keith is on the phone with us, look, this is my virus, i think it's the virus that is taking down the market, what say you? >> yes, it is, stuart, we have been talking about that for a little while and you and i have discussed that is underappreciated by the markets and the straw that broke the camel's back the fed vice chairman, he threw cold water on policy, traders added 2 and 2 together and say i'm going to take profits and that's what we are seeing. stuart: repeat that in nontechnical terms, a fed governor richard he said what? >> in nontechnical terms what he said basically is don't expect the rate cuts from the fed, traders have been pricing that in, the markets have been expecting it, this is like throwing cold water on hot fire. stuart: okay. hold on a second, keith, on the left-hand side of the screen we've got -- can you go back to the screen, big tech, intel,

microsoft is down 5 bucks, microsoft is down 4 bucks, united health is down 6, united tech is down. ashley: tech sector is the worst off sector right now. stuart: major losers, keith, don't expect any rate cuts, why is that particularly bad for the tech stocks? >> here is why, stuart, those stocks are most liquid, they are broadly traded, every portfolio of any size around the world has a fingertip into those stocks f most of them are leveraged and the fed says we will cut off easy money, t very natural for everybody to take the skin out of the game, that's what's happened. >> this is one fed guy, there's lots of them, does he have that much clout to move the market like this? >> you know, i wouldn't think so, but traders are skittish bunch and, you know, that doesn't surprise me that they've gotten cold feet, i'm in no

hurry to try to second guess them, i tell you that. stuart: okay, let me wrap this up by the saying that the dow has come off of its lows, 260 points at the moment, we do have the virus affecting the market and we do according to keith there, we do have richard fed governor affecting the market too, look, don't expect more rate cuts. jackie deanglis, what can you add for me? >> everyone was scratching their heads in headlines to support this market drop, but the chatter down here and i emphasize that it's chatter, is that this is about the coronavirus which could be why you see that drop in the tech stocks that you highlighted and the concern is that, you know, china may not be forthright with the information that it's giving about the coronavirus, the number of people that are sick and that could potentially be sick and that's what has everybody spooked here right now, they are factoring that into the market and saying

things could potentially get worse if all of a sudden that it was worse than we thought it was right now, but i do emphasize the fact that that is chatter. stuart: jackie, hold on a second, respond to what we just heard. >> china, china, china, absolutely correct, i think we are not getting anything remotely resembling the true story from those folks and if that's coming home to roast, it's be a big rooster. >> i would say it's related to the virus, it's falling after who finished press conference where who says there's credible risk that is coronavirus could turn into global pandemic, widespread, unmitigated disease, the fed is in control and we have seen repeated by u.s. hospital who is are preparing for possible pandemic and when they used the term the fear kicks in and you're looking at it with gold trading at 7-year

high and yield lowest in 6 months. stuart: could this be algorithm deals? the headline is pandemic. ashley: not just headlines, key levels, you go down a certain level that triggers algorithm and so on. that feeds on itself. stuart: i've not forgot what gold man -- goldman says? >> correction and not properly priced into the stock prices because we are sitting at record levels. stuart: follow the money on your screen, you will be able to see what the dow is doing moment to moment. i will move on and talk about bernie sanders, his supporters championed him for preaching about greed and corruption. >> the only way change ever takes place in this country is from the bottom on up, not the top down. together what this campaign is

about, not just beating on trump but taking up the greed and corruption of wall street. stuart: our next guest is the author of this book, profiles of corruption and in it he says sanders should try practicing what he preaches, peter with us, the author of the book, peter, in what way is bernie corrupt? >> well, it's funny, stuart, for about 35 years bernie's rhetoric since 1970's was condemning the fact that our politics was dominated by billionaires and millionaires, he stopped using that phrase in 2017 and just talked about billionaires because he became a millionaire, he became a millionaire in a couple of ways, one was by book sales but a lot of people don't realize he spent at least half a million dollars of his own campaign money buying copies of his own book, which is a pretty great gig, the other thing he's done is he steered taxpayer

money and campaign money to his family, for example, when he was running for congress he made his wife his media buyer, to buy media, radio television ads, she had no background in advertising or in media but the reason he did it is you get roughly 10 to 15% commission by doing so and you don't have to disclose it, so she took in, the family took in about $150,000 with that, so their allegiance of examples of bernie sanders enriching his family, that's why he has a net worth of a couple million dollars and 3 homes. stuart: did that money come from all the small donors that he's been collecting money from? >> it certainly did, you know, the half million dollars spent on his book did, the money going into his campaigns that went into media buying, his wife got that commission, the other thing, stuart, to be said, you can tell a lot about a person about what's in their stock portfolio if you look at bernie

sanders, he's not buying socially responsible investment fund, he doesn't own solar company stock, he's invested in s&p 500 stocks, wall street, the very companies that he denounces and accuses of terrible activity. stuart: be careful, peter, i've got an organic dairy farm, let's not get into that. [laughter] stuart: i want to talk to you about the tarmac scandal of bill clinton and loretta lynch, they say they were talking about grandparents and golfing, i believe you think it's something else, tell me more. >> yeah, i think that the tarmac meeting is one of the things that frustrates a lot of people about justice in america, there seems to be two different standards for people who are on the inside and people who are not and the notion that, you know, bill clinton went out of his way to meet with the

attorney general while his wife was under investigation on multiple fronts by the department of justice and he felt it was appropriate and all they did was talk about grandchildren, i think it's just completely laughable and i think the results of what we have seen from the department of justice, they don't really investigate a lot of the matters, certainly the iran yum one issue which they announced they didn't find anything, when you look at the washington post accounts of it, they say it wasn't really an investigation, it was a review, they didn't subpoena anybody, they didn't go to any whistleblowers or didn't really do anything, i think that's the root of so much of the frustration in america, inconsistent justice. stuart: peter schweizer, extraordinary book, i'm halfway through it. thank you very much. market just hit not quite the new low of the day but we are awfully close, right now --

ashley: 331, the nasdaq showing the biggest losses 1 and a half percent. stuart: our producer says 388 was the low. ashley: 388. 400. stuart: come back nice from there, hey, shae galan,, i'm saying it's the virus that's pushing the late news on the virus that might explode outside china that the word pandemic is being used, i think that's the reason for this selloff, there is some suggestion that it's richard, the fed governor who says, don't look for anymore rate cuts, maybe that's a factor, why is the market down so much, shae? >> i believe that's correct, stu, i don't think any threat that rates are not going to go lower will cause this in the market, the market being too far

too fast and optimistic that they'll be a resolution of the coronavirus epidemic and we haven't seen that and i in my forecast tuesday said subscribers that this is the first warning, markets have gone too far too fast and not counting what could happen, i think the reaction now is the chinese had probably, hadn't been straight up with the world and what we don't know the dangers of the market and this is the reflection we are seeing right now. stuart: is it possible that the computers read the word pandemic and they're all hooked up to algorithms, they see the word boom and they sell, is it possible that we are in one of those situations? >> well, we see markets move like this more than likely the computers are taking over from actual traders making decisions, traders don't make split decisions like in this matter of mili seconds, these are

computers reacting, certain language and transmissions that they pick up on, the bottom line is -- this is not the beginning of a bear market, this is simply right now a selloff based on the fact that we are probably looking at worst news on coronavirus. that's all it is at this juncture. stuart: shah galani, thank you very much. >> most economists see as downturn, we have any type of bad news, they start taking money off the table and into the stocks, a lot of the money which are usually the tech names. stuart: keep an eye on the bottom-right-hand corner of the screen, we call it a bug, we are down 300 points. >> the biggest number in 3 years. stuart: it was a huge number. the economic activity reported

by the philly fed, the philly federal reserve, philadelphia federal reserve, okay, i don't want to get wonky -- ashley: too late. [laughter] stuart: signaled a very strong economy. >> yes, manufacturing coming back too. stuart: you have the dow down 280, i want to move on, apparently aoc, alexandria ocasio-cortez, is not the only politician who is saying no thanks to the amazon coming to their town, grady trimbel is in chicago where they are saying the same thing, right? >> just outside of chicago, they were going to build a fulfillment center, the type of development cities and towns across the country have bent over backwards to try to attract but not here in the suburb, the mayor opposes development for a few reasons, one he says the traffic would be just too much on the village, 2, the fulfillment itself unsightly and 3, 1500 jobs at $15 an hour

wouldn't cut, amazon knew his opposition and still decided to go ahead with this proposal. listen. >> i'm not taking on amazon, amazon is taking on us, we made it abundantly clear in phone call that this is not a good fit, might be good fit somewhere else, $1,500 that pay $15 an hour, that's not even livable wage, the richest man in the world pay some of the worst salaries. >> of course, proponents of this type of development say it expands the tax base and brings in other businesses, we reached out to amazon but so far we have not heard back, stuart. stuart: very good story, grady, thanks for bringing it to us. thank you. a real change in the subject, okay, let's get completely away from the debate in politics and

downside move from the market, let's move on, our next guest, his company signed a deal with elon musk's spacex to send private citizens into space, tom shelly is space adventures president, tom, welcome to the show. >> thank you very much, great to be here today. stuart: now you proposed to take people into orbit, literally into orbit? >> that's right, a few hundred miles above the earth. stuart: around the earth. >> that's right, you orbit the earth every 90 minutes. stuart: how much obvious question? >> we are not disclosing the costs this mission is going to be around the same sort of price range but it is for successful and the affluent who want to push boundaries and challenge themselves in new ways. stuart: okay, what do you start? >> we have completed 8 flights between 2001 and 2009, this

mission, the earliest 2021. stuart: for people like me, not that i would do this, for late 2021 you would take private citizens in low-earth orbit? >> that's correct. that's the plan. absolutely, that's the partnership announced with spacex is adding this new experience to our portfolio. stuart: now, would have to go through -- i keep saying i, i will not do this, the space tourist, what kind of training do they have to go through? >> this particular spacecraft is less than for other experiences, it's a matter of weeks training, understanding how the vehicle weeks and operates an how to keep themselves safe and take care of day-to-day business. stuart: would space tourists have to do anything like fly it? >> no, autonomous vehicle, the passengers are free to do

whatever they want. stuart: i wouldn't do it for the view but for the experience. do you have to wear a spacesuit? >> during the launch and reentry to protect in case after emergency. stuart: how long does the trip last? >> we'll work out the with our clients. maximum is five days. we expect it one or two-day mission. exactly what our clients want. stuart: there will be some bathroom experience on a five-day flight? >> there is, yes. i won't go into the details. stuart: i'm sure you do. >> it is not a selling point. stuart: you wouldn't tell me how much. not a selling point that's for sure. you wouldn't tell me how much, you said it would be around what other enterprises have been charging. around what, quarter million in. >> up in the tens of millions of dollars. stuart: tens of millions of dollars? >> yes. stuart: for a five-day trip? >> yes. stuart: how many signed up? >> for this mission we just

announced it. we don't have anybody signed up but on a different mission going up to the international space station we have two passengers. they will fly at the end of next year. stuart: you know, tom, this is a very active business day. lots going on in the market. there was the debate last night and you talking about space trips have had more time as an interview guest than anybody on the program. that is really something. >> absolutely. i really appreciate it. a subject a lot of people are interested in, that is for sure. this is something about the future of humanity, where we will go as species in the long term. stuart: okay, okay. even if you offer me a discount i'm not coming. good stuff. thank you, tom. >> thank you very much. stuart: thanks very much indeed. we have to get back to the market, we really should. we're down 250 on the dow industrials. look at that virgin galactic is down after having had a nice rise recently.

s&p down 27. nasdaq is down 20. to wrap this up, we conclude, us three experts sitting here with outside help, we conclude it is the virus that is doing this. ashley: yep. stuart: the use of the word pandemic. ashley: never good. stuart: when you hear that, world health organization hey, look it might -- susan: credible risks. to a global pandemic. stuart: i would not underestimate the algorithm effect. you have very sharp selloff. we were down 38points. susan: right. stuart: that was the moment the computers read the word pandemic. down you go. hard to stop that what have we got? susan: happy note. we have something new for you. the baby yoda electronic plush toy with squeeze. it is important. disney is heavyweight. stuart: five, four, three, two, one, neil, it's yours.

neil: look forward to that, do i? see what i did there? basic cable. thanks very much. we're looking same about the timing. might be linked to the coronavirus fears that it is escalating and certainly some deaths are spreading around the world. richard clarida segments on cnbc this morning before the market opened where the former federal reserve vice-chair, seemed to say the anticipation of rate cuts is not a guarranty. that was enough to sort of dampen enthusiasm, as i stress here, charlie brady our stocks editor and i were talking about