tv Varney Company FOX Business February 21, 2020 9:00am-12:00pm EST
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so much for joining us, thank you to our fantastic panel. i will see you tonight on wall street and sunday morning futures on fox news, take it away, stu. stuart: rumors that you will bring baby yoda in to my studio? maria: no the rumors are incorrect. [laughter] stuart: good morning, everyone, what's going on this morning, i will tell you very quickly, the virus the spreading, we have new cases -- excuse me, we have new cases in japan, south korea and singapore, 2,010 people have died around the world and 75,000 cases, that's worrying the market, look at this, loss of
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100 points, nasdaq down about 35 points. that's aflight away from stocks and into safe havens like gold, there you have it. twenty-three dollars higher gold this morning, $1,643 per ounce, now look at this, this is the yield on the 10-year treasury bond, down 4.8%, that's a flight to safety, money moving into the safer heaven of treasury bonds and out of the more risky assets known as stocks. president trump in rally in colorado, he was on the economy and markets and presented a very positive view of america's future, very much in contrast to the damage control that the democrats are doing after their debate, tonight, by the way, the president speaks in las vegas, that will be his third rally of the week and it's in las vegas
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right before the las vegas -- the nevada caucuses which start tomorrow, look at this, on your screens now, that's the president with momentum, his 49th% approval rating is higher than 48th percent disapproval, first time in presidency, the man has the wind in his sail and rallying tonight in vegas, varney & company is about to begin. ♪ ♪ >> while the extreme left has been wasting america's time with vile hoaxes, we have been killing terrorists, creating jobs, raising wages and acting fair trade deals, securing our border and lifting up citizens of every race, color, religion and creed, right? we created nearly 180,000 new
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jobs right here in colorado, nobody would have thought that including -- including 25,000 new manufacturing and construction jobs, remember, they say you can be the do manufacturing jobs anymore, really, tell me about it. [laughter] stuart: rallying supporters there, that was in colorado last night, now hold third rally of the week, it'll be in vegas, people are already lining up and camping out, that started thursday, by the way, tammy bruce with us, by the way, tammy, i want to draw trump's positive image for america and america's future and the democrats doing damage control, it's like day and night between the two? >> it is, this is not new when it comes to the impact, people are attracted to confidence, being assured, to winning, to happiness, you look at the president's face, he's enjoying
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himself, there's an inspiration to move forward and assurance, not a guaranty but national, american sensibility that everything is possible. stuart: that's america. >> exactly. we are a country of people who come together all over the world historically but we come here because we have an optimistic view of what's possible, the democrats are mired in quick sand, the victimized train work that's based in identity politics relying on victimhood. stuart: it's victimization, it's victimhood, that's what it is. >> we are realistic, that doesn't mean you can't be optimistic, realism in america our own history show that is we were right, that anything is possible and recovery that we have seen under pith has
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reinforced that in modern age, we were told for almost a generation, a new normal coming, everything is not going to be gray, settle down, calm down, america, the global world to worry about where in fact, it's the american sensibility that rises up the rest of the world and now what we are moving into remembrance of who we are and acting on it and that's why -- that's why people are lining up for the president's speeches because he not only delivers, he's a reminder of what is possible. stuart: you have gone to a very good start monday morning. let's talk money. well, we are looking at this morning really a flight to safety. gold is up 16.42 per ounce, that's a fresh 7-year high, the 10-year treasury yield sounds wonky but when it goes down 1.48% you know you have flight to safety on your hands, that's
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what we've got. jonathan honick, does the pricey of gold stay when the virus goes away? >> it does. a trend that's been unfolding for well over a year now, gold at 7-year high, up 23% in just the last year, same percentage return as s&p 500, gold at all-time high like the euro, when i look at trends, my philosophy is that trends tend to persist in the market and when you see the strong -- look back to gold's history, stuart, 2001 to 2012, gold went up every year, fresh the war in iraq to the elections, et cetera, so this is a long-term trend and persists for gold. stuart: real fast, jonathan, i see the market down across the
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board, is it possible that bernie sanders being the clear front-runner is also a negative for the market, what do you think? >> a president sanders' economy stock market would look like, look at obama because republicans sequestered obama's bad ideas, if bernie sanders' core philosophy is enacted, we know every example, massive wealth destruction has followed, i don't know if the market is fearful about bernie sanders because we should be because we know in history where policies results. stuart: i want to go back to tammy bruce, she wrote this, bloomberg is a model product of the democratic party's identity politics, explain. >> yeah, this is fascinating, you remember his comments about farmers and that is raised, of
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course, appropriate conversation about his elitism and his, you know, misunderstanding of the nature of farming and the great of people who not only feed the nation but the world, but i contend, it's not just him, it's also the women that are running for president on the democratic side, each one of them complained about sexism hindering their bid for presidency that it's their own base that they are arguing effectively that won't be voting for them or expect something from them that doesn't work because they're women, that it's sexism that's driving that, the fact of the matter is when you're being asked to vote for someone because they're a woman, you are training people to operate under gender stereotype, you're asking them not to ask about leadership or the issues or policy, you're saying, think within a gender stereotype and vote for that person because of the sliver of their identity either because of person of color or because they are a woman or because they are gay
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and then you can't get upset when they move into gender stereotypes and they are making decisions overall, my contention about bloomberg, this is what we have to watch for, not just gender or sex, it also can be about work, he within identity politics has now moved a sliver of people out to being isolated and denigrated because they are farmers, so the moment you start deciding that people will be judged based on who they are, that will happen also when it comes to nature of the profession. stuart: that was very god. >> be ware because that will divide us even more, we must reject it, farmers unit. stuart: division. thanks, tammy, quickly when we have the markets down across the board, we look at big names and big names are technology companies, all of them on the downside this morning, right there. how about the financials, pretty much the same story, some of them insurance but big banks on
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the downside, the dow is over100 points, s&p and the nasdaq, something completely different. if you like the smell of a quarter-pounder, mcdonalds is setting mood and launching the collectible of burger-scented candles, i'm so sorry to bring you this, but i guess it's a commercial for mcdonalds. ashley: i guess so. stuart: they should pay us, we are big on tax exodus story, boy, do we we have a story for , exodus to florida has turn into a flood, no it's a title wave, we have the story. president trump taking a swing at mike bloomberg disastrous debate performance, watch this. >> mini mike didn't do well last night. i was going to send him a note saying it's not easy doing what i do, is it, not easy. stuart: mr. bloomberg was not
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>> mini mike didn't do well last night. i was going to send him a note saying it's not easy doing what i do, is it? look, you will vote for one of these people, probably craze bernie, he seems to be leading, how about klobuchar, did you see her, she chokeed. looked at her and said something slightly derogatory, are you accusing me of being dumb, who would make a statement like that? how about sleepy joe, what about his performance, he was sleepy a long time ago but now he's really sleepy. stuart: "fox & friends" cohost on the weekend pete hegseth,
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what a contrast, the president lively, upbeat, funny, entertaining, the democrats mired in their own victimhood. >> michael bloomberg admitting that the winner of the debate was donald trump. this looks like a guy more energized than he's ever been before, not aging the way the white house usually gets at you and you're right on the tone, the somber, victim, america is the problem tone of the democrat party doesn't draw anyone in who feel like their life is better, still flies the flag in the front yard, they understand they are not perfect and neither are their count are you but the best and greatest country we have on earth and the greatest opportunity for regular people to thrive, donald trump taps into that, michael bloomberg condescends to people and bernie sanders who is going to be the
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nominee as some of us predicted a couple of years ago because he's the soul of the party, he's saying i don't like rich people, last time i've never been checked i've never been hired by a poor person, rich people doing well that drives the economy. stuart: what attracts america, surely is the positive. >> especially when things are going well, every indication is showing. stuart: i want to talk about this article in "the new york times", op-ed, the times criticized for this, it was written by the taliban's deputy leader, one of the most wanted men in the world, the title is what we the taliban want, published in "the new york times", a lot of controversy, the times response to that and says, we know firsthand how dangerous and destructive the taliban is but our mission at times opinion is to tackle big ideas for a range of news worthy viewpoints, how do you feel about the times? >> which one is the enemy, is it the taliban or the times because the times -- listen, i wished
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they were an american newspaper cheering for america but they've long since shown their globalist view is that america is to blame for the problems around the world and they've gone so far two decades after 911 to give a platform to leader of the network which is one of the most dangerous networks in afghanistan, partnered not just with the taliban but with al-qaeda and with isis to further their views, they say they will reject them, every word of this op-ed if you read it is a lie, by the way, for radicals they believe that they're reading and they can lie to further their cause, why wouldn't they write something that "the new york times" would think it's great, happily print, i'm still scared, stu, what they did in iraq war, plastering on the front page of new york times for month straight to try look -- make the guys who were doing the fighting guarding the prisoners guarding the bad guys, new york times is a bad as it
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gets. stuart:ly join you tomorrow on "fox & friends" weekend saturday morning, i will be there. >> that's because we love ratings. [laughter] stuart: you still have bitcoin? >> i still have bitcoin. stuart: hope spring is i ternal, near 10,000. are you in the money yet? >> i'm almost in the money, fundamentals remain the same, patience is a good thing, people. hang on. stuart: get out of here. [laughter] stuart: i believe you're all right. thanks very much. soccer, u.s. women's national team suing for $66 million, damages apparently gender pay disparity? >> gender discrimination according to players, 66 million including interest, this case will start and the trial will start on may the fifth, here are the arguments because the woman have won four world cups now but if you take a look at salaries,
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u.s. men fail today make 2018 or even qualify for 2018 world cup, $179,000, the women have won four times and they were paid a base salary of 52,000, 37,000 for roster bonus and 110,000 for winning winning the world cup, the woman argued we've won so many times why do we have to keep earning it in bonus and not just base salary alone. the u.s. soccer federation, guess what the men's world cup gives us more money, 9 million whereas the women's world cup only gives us 2 million, that's why there's a differentiation in base salary. stuart: okay, i think i've got it. i'm in favor of gender equality, period, who is not? >> i'm happy to hear that, yes. [laughter] stuart: i'm moving on. check futures, please, come back a bit, we were down over 100, now down about 80, how about
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gold,i still think that's up there. overall downside movement. it's the toy you are looking for, i'm told, they are getting -- disney is getting ready to cash in, that's the baby yoda doll. ashley: there you go, stu. stuart: we have to spend some time on it. ashley: rolling your eyes. stuart: yoda after the break.
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>> look outside. stuart: that's the connection. ashley: very good. stuart: this yoda thing -- ashley: the baby yoda is the star of it. stuart: i believe the producers put this out to get a rise out of me. ashley: and it's working. so, yes, the baby yoda the toy version coming out, it's going to be at the toy fair in new york next week. let me get there, hang on. 60 bucks for the animatronic one, let me finish, 25 sound emotion combinations and if you lay them down, stu, he will take
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a quote, unquote forced nap. stuart: a what? ashley: force nap, not forced, as the force may be with you. stuart:ly ask my 4-year-old twin girls if they want a baby yoda and i bet the answer is no, you know what they want, their own phone. [laughter] >> i will take it. so cute. stuart: please. market will open down across the board, but not that bad, only down 80 ponts on -- points on the dow. we are taking you to wall street for opening bell after this.
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bottom level of coronavirus 3 weeks ago, enhanced volatility but, no, this would not be substantive start of bad market. stuart: that's really interesting, for a time it looked like it might be. >> that's what it is, volatility. stuart: not a huge selloff by any means, as of right now vast sea of red on the left-hand side of the screen, the dow is off 80 points, that would be .29%, s&p 500, where is that this morning, i'm sure it's on the downside. down .42%, bit more of a percentage loss than the dow, nasdaq composite, here we go, that is down almost half percentage point, so the big losses look to be in tech stocks, start with tesla, however, because it's been on such a wild ride lately, this
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morning is up 3 bucks but at 903, more on that in a moment. virgin galactic, wild ride, coming down to earth a little bit, down 2 bucks but has been skyrocketing earlier, coca-cola, they say the virus outbreak will take a bite of sales in earnings, jackie deangelis has more on this, jackie. >> they are watching the virus closely and could impact first-quarter earnings, but company reaffirming year guidance and remains highest priority, the stock is margin marginally down this morning. stuart: what's the problem? >> full year guidance, that's all that matters, coca-cola
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proctor&gamble are fine. stuart: down day on the market, i want to bring up what may be a bright spot and that is housing, home builders etf close to all-time high, existing home sales numbers at the top of 10:00 o'clock hour. ashley: lots of positive signs, lit us not forget, another really key aspect, stu, that the mortgage applications have been surging up 7 to 8%, finally low interest rates of under 3 and a half percent are finally giving traction. stuart: housing boom that helps the economy by the spring? >> considering that the stocks are almost always leading indicators and housing data
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would be excellent, stuart. for me it's a should have, could have would have, etf with $10, 59 today in 2020 and unlike 2008 average investor or average consumer isn't loaded up on mortgage debt the way they were in early part of 20th century, that have you credit card debt but mortgages are in much better situation than they were 15 years ago. >> more heavy breathing with david, you have a problem with the housing boom. >> remember, it's 50, it was 50 in 2008, went to 10 as jonathan said. what i don't care about or think is good for the economy is overpriced housing, so when we talk about housing boom, we have once, that didn't end so well, what i want to see more houses getting built. stuart: we need supply coming on stream, you've got that right,
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apple, take a look at it please, we started the week with a warning from them, the stock is down on the week but all things considered, susan, 320. >> up 9% for the year, 87% last year, so i think we haven't had revised guidance in terms of sales and estimates for how many iphones are going to ship, people are expecting this to be temporary, the coronavirus right now temporary stoppage of factories, jp mortgage, probably not. >> it's huge, apple, stuart, certainly goes the country and stock market, 10% of the dow, 14% of the triple cues, what worries me about apple is its dominance, i will mention a few examples why, i don't know, nokia, erikson, digital, these were all once major tech
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companies leading tech companies in this country, technology has a history of turning over its leaders every decade or so, apple is on top now, i wonder if it will be on top given the innovation other competitors are showing. stuart: not in the position how it's going to be doing in 10-year's time, i might be dead. i've got good genes. [laughter] stuart: get out of it. wal-mart, negative news this week, they are kind of losing the online battle to amazon, they've got concerns about the supply chain because of the virus but it's up on the week and it's up today at 117, tell me, jonathan, to you first, what does that tell you, wal-mart's performance, what does that tell you about the overall market, not wal-mart itself? >> wal-mart is a great proxy for the consumer and that's a big part of powering the economy, the consumer discretionary stock, stuart, most overvalued, they have done quite well, keep
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a close eye on wal-mart, they battled amazon very well in terms of upping digital game, for a long time people were counting wal-mart out, what worries me about the consumer is exactly what we talked about, the debt, not mortgages this time around, it's on credit card, any crack and we saw six flags fall, we saudis cover fall, any crack in wal-mart is crack on the consumer and poses very poorly. stuart: the dow is off session lows, we are down 182 points, here we are talking about the limited impact of the virus but taking it down 160 odd point, just 29,000 level. amazon, down 13 points today, they were the clear winner during the holidays, david, do you think -- i mean, strange question, do you think sky is the limit for amazon? >> the sky is certainly the limit as far as what they can do with on line presence and online
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revenue growth, as far as stock goes, trading 95 times earnings, wal-mart is up 25% in the last year and a half, the s&p is up -- what do you think amazon is up? 10% in the last four weeks, wal-mart is trouncing both the market and amazon, i think that you -- i don't totally agree with jonathan that wal-mart would be a consumer discretionary play, like amazon, they are kind of more consumer staple place, supreme to buy the stuff that they are buying from these types of stores versus a six flags and other types of discretionary retailers, i think that both of them will do very well but for us as you know, i can't help myself, it's a dividend growth story at wal-mart and they are cream of the crop. stuart: check the big board, down 150 points, 29,000 and small change, down 153, about half percentage point, the
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flight to safety, 10-year treasury is down, not hot money, risk averse money going into treasuries, same story, going into gold up 24 bucks now, 1644 is your price, how about oil? that's been coming down recently and it's down a buck today, that's over 2%, $52 a before relate on oil, a couple of individual stocks moving, a rosy forecast from drop box and that stock is up 21%, a rosy forecast works wonders, deere reported higher profits and they are up $13, 7%, major move for a company like that, some adam's parent, boston beer after it dropped yesterday, not a rebound by any means, up 4 cents at $396. dominoes, the pizza people, big gain yesterday, down 2% today, not wiping out yesterday's gain but down 7 bucks, sam's.com, boy
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they have a big gain yesterday, just down 3%, up and down. cheesecake factory, what are they doing, well, i ate, that didn't make a difference. [laughter] stuart: the producer said it's not helping, it's down 16 cents at $42, why are you laughing jonathan? >> i'm surprised, stuart, i always thought it was caviar and filet minon for you. surprised to see the stock down a little bit this morning. stuart: do you have comment on financial standing? >> you're out eating caviar and filet. >> normal-type person, cheesecake factory would suit you just fine.
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stuart: excellent, you're back on the show this week, jonathan, you're out. thanks for joining us, good day. msnbc's chris matthews no fan of bernie sanders and he's sounding the alarm to the democrats, watch this. >> nobody just says the obvious, bernie, you're full of it, you will be a miserable president, i don't think you will never get it done and this country will get it done and by the way, you will lose 49 states. one of bernie sanders surrogates and ask him of what he thinks of the party's big divide and chris matthews, while the democrats tear each other apart, president trump is on a roll, successful political strategy and that's the theme of my take, that would be in our 11:00 o'clock hour, look at tesla again, that's a wild ride, my.
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actually gone straight up, what do you see? >> well, the stock is completely detached from reality, but let me put facts in front of you, if you look at the second half of 2019, tesla sales are down versus second half of 2018, if you look at the fourth quarter in the u.s. of 2019 their sales are down year over year, the point is the stock should be growing given where the valuation is, 500 cars sold this year, vw sells over 10,000, so if the revenues are down significantly, the volumes are down significantly which you think they will, reality will be put back into the stock, the stock will fall.
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stuart: look, since you said it bitcoin on wheels, the stock is up 40% and those people who followed your advice bet against tesla short of that thing, they've lost 12 billion. >> right. stuart: you must be under a little pressure. >> we are under a lot of pressure. stuart: yes, you are. >> last year -- last year sales northway netherlands are down. people are excited about stocks in general, tesla is the amazon of 2020, keep in mind, over the course of 2000, 2003 amazon fell 90%, when reality sets in and teslas numbers come out, i think you will get downside in the
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stock. stuart: are you suggesting that, in fact, tesla is the amazon of the future? >> no, i'm not. amazon makes money and tesla has been in business and not making money. car business is different than technology. you will see that when they report numbers. stuart: you are holding on the position that this thing goes down and a lot of short sellers are following your advice and lost a lot of money. >> it's only february, let's judge it over the year, let's see euphoria around electric cars is real, let's see if the numbers match euphoria. stuart: you must have a strong stomach, that's all i can say, gordon johnson, thank you for joining us. >> absolutely. stuart: we now have the dow at the session lows, we are up, look at that, 263 points better
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part of 1% down, the stock market is selling off this morning, how about this one, the ceo of sporting goods chains modells he says the company will close 1,000 stores. ashley: family-owned business that's been around for 130 years, at some point 150 stores, they will be forced to close 24, they are fighting for their financial life, listen, tehran putting out the possibility of -- they even are putting out possibility of someone take part of stake. they are selling products and insurance companies are cutting them own and downgrading, they are doing anything they can to extend and keep businesses
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going, it's not an easy go for them. stuart: by the way, new low of the dow, we are down 281 points below 29,000. >> because you got pmi from manufacturing coming in lower in february than what we saw in january, so a read of just 50.6, still exin pangs -- expansion area, less than what we saw in month of january. stuart: manufacturing numbers not good, market takes another leg, off 260 as we speak. can you show me -- i want to see the dow, the s&p and the big board. let's go to this, 29% of small businesses do not have a website how could that be? stuart: they need to increase online presence.
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small-medium-size firms employ 60% of americans in the country, it's important to note today and cnbc and survey monkey showed that president trump have record approval rating amongst small businesses at 64%. all-time high. stuart: check dow 30, sea of red, yes, it is, 3 of the 30 dow stocks in the green on the upside. proctor&gamble, wal-mart and verizon. record number of republicans running in november, is this the trump effect? they are trying to take back the house, we have the story for you.
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drillers and the oil majors which are a part of the stock market, so that's another factor in the selloff. here is the flight to safety, look at this, the 10-year treasury all the way down yield 1.46%, that's a sign of flight to safety and away from the risk assets known as stocks. let's look on something positive, virgin galactic, the stock is down today, it's been on a wild ride recently, essentially a pure play in space and we've got the ideal guide. not that he's a space kind of guy, but joel is entrepreneurial investor. >> good morning. stuart: i suspect the whole idea of space is entrepreneurial idea? >> it absolutely is, we have richard branson with virgin galactic, gone up 300%, more than all the other big companies, extraordinary, you also have other billionaires
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like jeff bezos who has an experiment, elon musk who is running something, you have 3 billionaires, 3 entrepreneurs who are driving ideas, driving flows into the space. stuart: why don't you -- >> i should have. you should have asked me in december, we could have gotten one publicly-traded company, the multiples right now make tesla look like a good value. this company is priced very high but they expect big revenues out of this. stuart: presume that there's a great deal of money coming in space, not space tourism but the reality of space and investing in it. could one of the companies be the next trillion dollar company? >> when we look at tesla and the way they've gone up and the company coming out later with seats later $250,000 per ticket, a lot of money, they think it'll be hundreds of billions of dollars within the next 5 years,
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elon musk project -- stuart: space tourism. >> the space area, tourism, satellites, you've got elon musk who is trying to put 11,000 satellites in the air, there's opportunity for some investors in the space, it's a question of when you get in. stuart: i'm sorry, you missed it. [laughter] stuart: i kept it short, i'm very sorry about that, appreciate you being here. space, interesting investment, bernie sanders, surging the democrats are scared stiff, i have a surrogate from the bernie campaign on the show, what's he got to say about the other democrats. in a few minutes we will be breaking existing home sales numbers and fans of the show know that i love a good tax exodus story, the exodus from new york to florida has turned into a flood, no, it's a title wave and we have the story after this look, this isn't my first rodeo...
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stuart: this is a selloff but not huge downside move, we are up less than 1%, 200 points for the dow, 18 for the nasdaq. , 118, i'm sorry, it's a downside move and it's because of virus spreading out of china and less than stillerring manufacturing numbers. i think we've just got it. ashley: we do. stuart: existing home sales. ashley: 5.46 million, that's better than the so-called experts were expecting, it is down, however, 1.3% from december so overall pretty solid . stuart: it's not -- lower
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mortgage rates, annualized sales of existing homes. >> housing and real estate account for fifth of u.s. economy and some say the threats from the coronavirus, this is a very strong housing market, we should propel the u.s. into 11th straight year of expansion, possibly 12th year. stuart: what do you say to this? ashley: that's up, down month to month because of a strong december but year to year up 9.6%. stuart: i just want to say i think we may see mortgage rates come down a bit more because the yield on the 30-year treasury, let's not get too technical.
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suggest mortgage rates come down a couple of ticks in the next few weeks, we shall see, still on housing, let's bring in our favorite realtor, his name -- [laughter] stuart: you are our favorite realtor. i'm told and if you can confirm this that in this calendar year 5 million millennials will turn 30, coming into their prime home-buying period, is that accurate? >> sounds right to me and certainly good thing for the market and the housing market. stuart: are we going to see a housing boom? >> i would hope so, the market is doing well in general, we have winds at our back, that i think will continue and i think 5 million coming into 30 is certainly a god number to support that. stuart: 5.46 million existing homes sold on an annualized basis is not quite a boom, is it?
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>> it's going in the right direction. that's good news. stuart: as some of the viewers know, i don't think that you do, i was in florida recently, naples, florida to be precise, i was checking out the real estate market, i'm telling you, there's a flood of people going into florida not just from new york, but especially from chicago and illinois. now, you know, this is a flood. >> i don't know if i would say flood but you're definitely seeing more people going and the people that have been sr. the means and have the ability, not every wealthy person can pick up and move but the people that can there's a lot of reasons to do that, you're seeing more chose to do it. stuart: you concentrate tri state area. >> i do mostly manhattan. i was just down in florida recently talking with one of my colleagues there, they are super busy and you have a lot of finance guys that are coming down there, whether that's palm beach or miami, they want to move down. stuart: bidding wars.
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>> yeah, absolutely, it's not as everything is leaving manhattan going down there but people that can you are moving down there. you have to go down there and new york -- from new york city checking on it. stuart: fascinating. >> they know that there's a problem, i don't know if anything is changing in terms of tax policy inviting more people to stay but it's a real issue. stuart: over favorite realtor. appreciate it. thank you. keep you in touch with the market, i believe this is close to the low of the day, we are down 285 points on the dow industrials, it's across the board selloff, nothing too extreme but we are down across the board. and now this. the dust has just about settled after wednesday's night vegas debate, time to survey the wreckage and that's the right word to use, for the democrats it was a disaster, bad timing
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because tomorrow the candidates go into nevada caucuses, they are at each other's throats that debate resembled a circular firing squad, start with bernie sanders, he actually got lucky, everybody attacked bloomberg and not him but he's still got problems, he's 78 year's old, he had a heart attack in october but now he refuses to release medical records, he said he would but now he won't, that is a problem. he'll ban fracking, you hear that, pennsylvania, ohio, michigan, colorado, roughly a million fracking jobs, and he will ban private health insurance, you hear that union, health plans are toast, yes, he's still a socialist, chris matthews says if bernie is at the top of the ticket trump wins 49 states, the other wreckage, joe biden he looks worn out. elizabeth warren has taken big
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personal loan to stay follow the race. where is the prosperity plan, where is the vision, i don't see it. the most damage inflicted on mike bloomberg, 19 million people saw him watched him implode in the debate. a poor performance on television is the kiss of death in politics. he's not on the be tot tomorrow but he's in the debate next tuesday, let's see if $400 million buys him a better performance next time around, within 24 hours, the voting in nevada begins, my prediction, 48 hours from now it will still be a badly split party and the candidates will be still fighting each other. come in surrogate for bernie sanders, great to have you on the show, appreciate it. >> good morning. stuart: establishment is horrified by bernie's rise in the polls. just for a second, you listen today what chris matthews had to
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say, roll the tape. >> nobody just says the obvious, bernie, you're full of it, none of this is going to get passed, a miserable president, i think you will never get it done and this country will never get directed and by the way, we will lose at 49 states. >> you are at war with your own party? >> we are expanding the party and bringing people in, when chris matthews talks about 1972, the country looks totally different now n1972 we had 200 million and today 330 million n1972 the country was 90% white and now 70 less white. our movement is something different in a new time in america, talking about 1972, 20 years ago is ridiculous, also in 1984 the democratic establishment decided to put
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moderate candidate, see what happened what happened with ronald reagan. stuart: let's talk about the medical records, bernie sanders, your guy, he's 78 year's old, he had a heart attack october of last year and now he will not reveal his full medical records, i think that's a problem, the editorial in wall street journal bernie medical stonewall, is he going to release medical records? >> bernie has said like he said on the stage that he has released as much as anybody else, he has released from the congressional physician at capitol hill, he's released reports from cardiologist in vermont who say he's in great health and conducting rigorous schedule on campaign trail and doing fine, i'm not an expert but from what i know when you get the stints in your body,
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more vigorous and more energetic and that's what we see from bernie on the trail, we all believe he's doing great, he's released just as much as anybody else and we are all comfortable with that. stuart: you will fight back if moderates in the party try to take nominee from him? >> if anyone should be alarmed about anything it's about what happened on the democratic debate stage the other day when 5 of the 6 candidates said that they don't think the person with the most votes and most delegates should get the nomination when we get to the floor of the democratic convention, bernie is the only one who said that, they all know that they can't beat him, they can't put together coalition, they even know that when people drop out they can't beat him, a wall street journal polled the other day show that if it was only bloomberg who wants everybody to drop out for him, if it was only bloomberg and bernie, bernie beats him by 20 points in democratic primary, 57-37, we are talking about a party that is not willing to change, let me tell you this, stuart, they don't have a great track record of picking moderate
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great candidates to win, al gore was a dnc favorite, he lost, john kerry was dnc favorite he lost, clinton was the dnc favorite in 2008, only barack obama came along who the dnc didn't want, brought in young people and he won, in 2016 hillary clinton was the dnc favorite again, she lost, so the dnc is not running on some resume of a great track record of picking the candidates to win, we have the campaign that energizes people, that expands the coalition and is going to win in november. stuart: you're the first leftest on the show in a long time, great to have you on. >> you should have me on every day. stuart: let's not get carried away. [laughter] >> listen, stuart, i want you to come to deerborn and visit how the beautiful immigrants and all the people on the muslim ban are rebuilding communities in america, you should come see us. stuart: i'm an immigrant, i've rebuilt a new communities. great to have you on the show, if you're not careful, you'll be back.
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[laughter] stuart: president trump take a swing at mike bloomberg debate performance, roll that tape, you have to see it. >> mini mike didn't do well last night. i was going to send a note saying it's not easy doing what i do, is it, not easy. [laughter] stuart: a lot more where that came from, wait till you hear what was said about mayor pete, the president also knocked the oscars, he's not happy with brad pitt for talking about impeachment and the trial during acceptance speech, you'll hear about that too, first, the president spoke at graduation ceremony for formers prisoners in las vegas. john ponder is on our show and he's next.
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stuart: president trump attended las vegas hope for prisoners event, watch this. >> john has been doing this for 11 years and he has done incredible and so many people have such respect for him. so they're all saying he's done so well, he saved so many lives, he's created happiness in so many families, sir, would you consider john ponder for a full pardon? i love doing it. [cheers and applause] >> we are giving him absolute consideration. stuart: ponder himself, sir, i have to ask you what was it like standing next to the president when he's virtually saying john, you're pardoned, virtually? >> stuart, it was historical moment for me, taken completely by surprise but what an absolute honored to be considered by this
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president. >> yes, indeed, sir. the hope for prisoners and the president going to meet you at the ceremony, do you consider this the presidential outreach to minorities? >> you know, i believe it's incredible outreach to folks who are formally incarcerated getting back out to the community. stuart: effective, isn't it? >> absolutely, 100% effective, it was a huge impact on our graduates on their families and just for formerly incarcerated people returning back to communities across the country. stuart: respect that the president paid -- i couldn't see the audience. but i take it the audience received him very, very well. >> oh, very much so, if you could have seen the looks on the face of the graduates to be honored by the president, they had the opportunity to shake his hand as he handed them certificates and i believe it's a moment -- it was a moment that
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they will never forget and to have their children in the audience watching their moms and dads be congratulated by the president of the united states is going to be a very unforgettable moment. stuart: john, just for one moment, please, listen to what senator tim scott, south carolina republican, what he says about the african-american vote in november, roll tape, please. >> president trump will see a 50% increase in his african-american support, it will go from 8% from 2016 to a minimum of 12% in 2020. stuart: john, i'm sure you could hear that, tim scott saying, look, the african-american vote for the president will go to -- will almost double in the coming election, what do you say to that? >> you know what, we are talking about reentry and folks returning to communities across the country, the african-american community impacted by it, absolutely, people of color and all segments of the population is going to be
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impacted by the great work that president trump is doing for formally incarcerated people. stuart: honor to have you on the program today and i'm sure it was an honor to stand next to the president, good stuff, thanks for being here. we have to get back to the reality of your money, not exactly sinking but you're out of pocket a bit today, dow industrials down 264 points, we've got a big drop on the nasdaq, down 137, there's a move into the safe haven of gold, now we are up nearly 30 bucks an ounce, 16.50, there's a movement down in the price of oil, that's because the virus is spreading and taking some economic activity out of the world economy and therefore demand for oil out a little bit, now we are down 70 odd points, $53 a barrel, here is another flight to safety, we are moving into money, money moving into the treasury bond, 10-year treasury,
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1.45% is the treasury yield as we speak. down 6 basis points, that's a flight to safety. the virus is turning out to be a disaster for luxury brands, lvmh on the screen, tell me more about this. >> we heard from the former north america brown and bernstein says that the first half of sales would be impacted, china consumers account for 40% of luxury market in general and they account for 90% of the growth in sales, so they are the biggest component in buying the luxury brands and, you know, they are saying that the lvmh, it should be okay because they are so big and high end with high margins, they'll be fine and they don't manufacture a lot in china, it's most likely tapestry which owns kate spade and coach that will probably be impacted.
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italian fashion council impacted maybe $250 million in the first quarter, but that should come back throughout the year. >> bounce back later maybe, but nasty hit right there. i've got that. more on the virus, the shipping giant canceling shipments, ash. ashley: up to 50 now if not more from and to asia, this is the world's largest container shipping company, danish company, incredible by week stock since coronavirus first hit, they are looking for things to bounce back, maybe at the beginning of april, they believe a very weak in march and starting to see april, they don't know that for a fact but shipping volume for the rest of the year is very down beat, outlook of less than 1% increase, it's been very tough. it's like a canary in the coal mine, trade around the world is slowing down. stuart: that's why the market is
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looks like aware house was on fire. stuart: ash, this is a story of heroism. ashley: it really is, 4,000 gallons of jet fuel, the driver managed to get out when the truck overturned. good samaritans saw what was happening, got the driver who was obviously very dazed and injured and managed to pull him away, the jet fuel was still leaking around, one of those good samaritans was a woman who had just given birth on sunday. you can see the result there, the driver, however, still in very critical condition, the good samaritan is okay, what a story. ashley: heroism. that's what it is. stuart: video sharing site, it's introducing parental control, susan. >> that's right, only available in the uk, tik tok will roll
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out, it's the most downloaded app in the world right now at the end of last year, 1 and a half billion downloads, it's gone viral since introduced and what they they are trying to do to limit how much kids use it. it's very popular with generation z kids and limit amount of messaging and content that they see. stuart: owned by china? >> china start-up, yes. stuart: let's bring in to prince harry and meghan markle, reportedly in the mansion in malibu, i thought they were moving to canada, we will straighten it out for you next.
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>> this is what you crank up, it's got a great baseline. ♪ [laughter] >> okay. you've had jennifer lopez, ed sheeran, but this is what i should be cranking up on my speakers. okay. stuart: not exactly for you but close to home. harry and meghan move here from britain and now they are looking at property in california, the hurst castle. ashley: i don't think it's open, 7 million-dollar mansion in malibu apparently they are very interested in, 5 bedrooms,
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sprawling grounds, tennis courts, swimming pool, just around the corner from hollywood stars, robert downing, jr. even caitlin jenner is in the neighborhood, mel gibson, harry and meghan have gone hollywood, only 30 miles from meghan's mother, royal duties come to an end march 31st. stuart: i wonder the mortgage, the paperwork will kill you. can you imagine? ashley: harry windsor, let me see what your credit is. stuart: we are down 250 on the dow industrials, the virus is spreading outside china and not great manufacturing news. not terrible. would you want to hold stocks over the weekend when the virus
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might do something, we are down 250. the trump campaign buying ads for election day on youtube, not tell me exactly what that means? >> so this is prime advertising, real estate on election day, that means 2 billion monthly users go to youtube, 72% of users go to youtube and on election with the huge banner of vote for president trump, that's getting the voice out, right, message out. stuart: so if i get on my little phone on election day and i punch in youtube, up comes first thing i see guarantied president trump? >> that's right, well, there's a lot of advertisements but he will be one of them on election day. stuart: how much? >> bloomberg reported that it will cost a few hundred thousand dollars to a million dollars a day, but it's hard to get, and actually google when they stopped targeting for political campaigns, micro targeting in november they thought about removing all election campaigns
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on election day on youtube's advertising website. stuart: punch in youtube, okay, i will do it. it really has been quite a week for the president, three maga rallies, more people approve of job performance than disapprove. kristin anderson, washington examiner columnist, this man has momentum. >> he's got momentum, president trump came into office with lower job approval on his inauguration than past presidents because the country was oh divided. there was a question would he get past numbers once honeymoon wore off, they are seeing what the alternative is and making trump look better. stuart: i've got record number
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of republicans running for house seats come november of this year, i think in 2019 alone, 781 filed the federal paperwork, 593 back in 2017, now, how would you characterize that, the republicans looking for revenge in '18? >> they'll have a better chance this year than midterms in 2018, historically whenever your party takes over the white house the next midterm is usually pretty ugly and that panned out for republicans. stuart: you're saying opportunist? >> they are being smart and savvy when they jump in the political fray. there's been effort in the republican side to get more women to run for office, all about recruiting more women so republicans in dc can look a little more like america and that's been successful effort to say, women, look, i'm going to give the voters this choice. stuart: big question coming up
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in november, can the president win back the suburban women who didn't go for him in any great numbers, in fact, they went against him in 2018, the big deal here is can he get them back? >> it'll depend on who he runs against, on the one hand, suburban women maybe not as big of fan of all the tweets and the tone, et cetera, but health care is their number one issue and if he's running against someone like bernie sanders who wants to blow up the entire healthcare system, take away employer-base healthcare coverage that could be downside to suburban women giving trump win on issue. it's early to tell, each of them has a different problem, somebody like pete buttigieg, he has tone and misdemeanor that seems that suburban would like him but he's very inexperienced compared to the rest of the field. stuart: amy klobuchar? >> potentially, that's where you
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see strengths in democratic primary, her picking up a lot of support of women on heels of debate, she's still long shot to be democratic nominee. stuart: joe biden? >> he's had a tough go of it. stuart: i feel bad for the guy. i don't think he's a bad man, he's not a very good campaigner. >> whole argument heading to nevada and south carolina, look, we haven't had a diversed electorate vote yet, two predominantly mite sates, once african americans and latinos vote, i will do better. he's trailing bernie sanders in nevada with latino voters and neck in south carolina where african american voters. stuart: mike bloomberg he would appeal to suburban women, what do you say? >> i'm skeptical of the bloomberg boom, when you're putting this many million dollars into it, i suppose you can't write anybody off, his
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performance in the debate this week was a little rough, a lot of potential vulnerabilities that frankly could neutralize some of the things that give women pause about trump, bloomberg has problems there too. stuart: kristin, we will leave it right there, this president has momentum, nearly 5 million millennials turn 30 this year, precisely the time when youngsterring are thinking about getting into the property market, we have a guest coming up who say they have it good thanks to his historically low rates and a strong economy, the millennials, look at this headline in "the new york times", what we the taliban want. the person who wrote that op-ed is a terrorist, what an earth was "the new york times" thinking? more varney after this.
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stuart: another leg south, the new low of the day, well below the 29,000 level. i should point out that there's been a vast flow of money into treasury securities, that is actually pushed the yield on the 30-year treasury to all-time low, 1.89%. all right, flight to safety, stocks losing ground, 300 down for the dow, now this. >> this was a disaster for bloomberg, bloomberg went in as the titanic, billion dollar machine, titanic, titanic meet iceberg, elizabeth warren. >> boxing in the 1950's, you keep punching the cut over and
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over again. stuart: the media followed, joe, media reporter from the hill, all right, joe, they don't want bernie, they don't want bloomberg, who does the media want? >> i would think elizabeth warren, stu, because she got more speaking time than anybody that night, 20 million people watched the debate, highest of primary season because absolutely who doesn't want to watch a rhetorical execution that we saw, bottom line mike bloomberg brought a plastic straw to a night fight or gunfight in this case and it didn't really work out well for him so while all the candidates that were concentrating on bloomberg, that gave a clear lane for bernie sanders who came out unscathed and probably win big in nevada tomorrow. stuart: that was part of the disaster of the night. 19.7 million people watched a
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debacle among democrats, that's a disaster itself. the president commented on the debate at rally last night and he called some candidates names, watch this for a second. [laughter] >> it got very big ratings and you know what, mini mike didn't do well last night. how about klobuchar, did you see her, she choked. she choked. newman looked at her and said, something slightly derogatory and she said are you accusing me of being dumb, you would make a statement like that? stuart: i thought the name calling was kind of funny, i laughed along with it but do you think most ordinary average people think that name calling, they think that's funny too? >> i think to use business term,
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and stu, i know that you don't use business terms, it's built in the stock, there was little marco, lying ted cruz, he's done this, he's been successful wit and in tend the people that won the debate was bernie sanders and the guys whose name start with a t and ends with rump. you have a socialist, front runner right now and bloomberg who grassroots hates and biden, nice guy but buttigieg running for senior class president and klobuchar can't seem to get any traction, there are no good options for the democrats it seems to. stuart: nice rift there, joe. >> i tend to write a little bit. stuart: take a look at the president having to go at hollywood, roll the tape, please. >> by the way, how bad were academy awards this year, did
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you see that? you have brad pitt, i was never a fan of his, he got up and wise guy, little wise guy. stuart: i'm kind of laughing again, joe, what do you make of that? >> i think he needs to go after pacino or cruz for being short, i guess you do that, brad pitt is nearly 6-foot. 23.6 million people watched the oscars, what does that mean? lowest ratings of all time because it's become polarizing, they don't put a host at this point, to put 23 million in perspective, 37 million watched the state of the union, so the oscars which used to get more than 40 million people watching is almost an afterthought and i think it's because guys like brad pitt get up there and saying i'm getting more speaking time than john bolton, you were great in movie and talk about
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that and thank your agent, that's it. stuart: let's get serious for a second, we have "the new york times", they published opinion piece by taliban's deputy leader, what we the taliban want, that was the name of the article, this is one of the most wanted man in the world and the times is giving him voice, you're the media critic guy, what do you make of the times doing that? >> i think they basically committed the worst kind of bias which is the bias of omission, their description of being the deputy leader of the taliban, that sound nice until you realize that the fbi calls him specifically designated global terrorist, the senior correspondent in afghanistan says he's not peace maker and behind ruthless attacks and many civilian lives lost, we have seen this before when abu bakr al-baghdadi was killed, if you like soccer but prefer to spend
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free time at local mosque, we are taking terrorists, people that kill civilians, most wanted in the world and normalizing them and giving them space in new york times, i have been liberal outlets are going out and they should, depictable and there should be an apology, not tomorrow, not next week, right now for even allowing this and using the descriptions that they did to paint this guy as somehow a peace maker, despicable. stuart: well said, thank you very much for saying it right here, we appreciate that, good stuff. old headline from mike bloomberg, quote, rage has free speech under siege on the american campus, he blasts college campus intolerance, sounds almost conservative, phillips, the guy who has the story and he's on the show next.
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virus? >> that's why the market tanked, 350, close to 350 at the lows and this is because province which is the epicenter of coronavirus outbreak doubled the tally of new cases, yesterday they saw 349 new case, and shifting the tally as to how they define and count new cases of coronavirus, this is very concerning to the world and also global markets because this is a fast-changing spreading illness, also iran has confirmed fourth death from iran. south korea second death of coronavirus, hong kong has had 2 and spreading across europe as well, concerns of containment of coronavirus. stuart: i think we can lay that on door of the market, the market is down because of update you just gave us, mike bloomberg in an editorial a couple of months called for tolerance on college campuses, quote, rage
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has free speech under siege on the american campus, campus reform editor-in-chief phillips produced an dug up the story, he sound almost conservative there. >> he does, kudos to him on this article, he goes onto say that it's important for us to preserve our democracy to be able to disagree with people and how important the first amendment is for the future of our country, i'm glad that he holds that opinion, but the fact is that's not an opinion that face the democratic party today, views ideas of intellectually challenging ourselves and welcoming new ideas, those aren't things that stand well in the democrat party so i think we are either going to see him change tune and start to embrace more of the democrat ideals that we see on the stage because he knows the ideas aren't going to work or ignore them, seeing him on the debate stage, seeing where the democrat party lives today, seems disingenuous -- stuart: you make a very good point, i just wonder how many of the other candidates notably bernie sanders and elizabeth
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warren, how many of them would say the same thing as bloomberg is saying rage messing around with free speech on campuses, i don't think they would. >> they absolutely would not say that, much of what they are doing is playing into that, they know that they have a strangle hold on the next generation of college campuses and don't want ideas getting there, i don't want to give bloomberg too much credit here, i'm glad he's standing for first amendment but he hasn't stood out for other amendments, second amount, fourth amendment, unreasonable search and seizures, stop and frisk all over that. he's clearly viewed the profit as having right there, he may care about the first amendment, i think a lot of voters say where have you been on the other ones, i don't think he deserves too much credit for being constitutional defender, on this issue, though, he does deserve credit. stuart: but you could live with a bloomberg presidency, could you? >> i don't know if i could live with any of what we see on the democrat debate stage so far, do i think that a lot of people, though, to see what he has said
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and see business record maybe that's a little more tolerable for me, i don't think the young voters will get on board with it, though, i talked to thousands of them with leadership institution and campus reforms, they see him buying off the instagram influencers, they see 800 million-dollar war chest and any election you want to be a billionaire it's this one, they don't like the idea of money in politics, they see bloomberg spending all the money and they see them buying the election, for those two reasons young voters especially will not flock towards them. >> don't threaten to move to canada if he wins. thank you very much, sir. >> thank you, stu. stuart: mcdonald rolling out burger-scented candles to set the mood. ashley: what mood would that be, it's not a quarter-pounder
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candle, individual candles each smelling like fresh beef, ketchup, pickles, buns, light them all at the same time, you get the smell of a college dorm room. >> that's great. ashley: i threw that in myself. stuart: you have to buy them or given away. >> it's a box set. ashley: you get the 6 candles, i'm sure the onion scent will be perfect. >> romantic. stuart: i say president trump has momentum, i think he has it, 3 rallies in 3 days, polls moving in his favor and divided democrat party, you can't beat it, my take on that at top of the hour, the knives are out, still out after the debate the other night and this is the third hour of varney & company that's coming up for you.
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up-and-down and barreling down the track, the president holding another huge rally, that was colorado last night and another big one tonight in vegas. now this. the president is on a roll, he has real momentum, since the end of the impeachment circus it is been trump unleashed, it is been a very successful political strategy. for the first time in his presidency the gallup poll shows his approval rating is higher than his disapproval rating. in other words more people like the job he is doing and just like the job he is doing. it is easy to see why. for a start, speaker pelosi's incident made all democrats look bad. she led them into impeachment and lost. just as pelosi was ripping trump's approval rating went up. then the economy, it is clearly
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booming and the president never misses an opportunity to rub it in. the democrats response was weak. they tell us it is not working for everyone and then they suggest that barack obama started the boom, it just does not stand up. one last reason, the contrast between his positive vision for america in the democrats a very negative vision. what's the rally speeches, the present is funny, engaging and relentlessly pushing america has a great place to be. and the democrats are humorless, and agree, everything is wrong, and climate change would kill us. that is not america. this is an exciting lively positive place and everybody wants to live here. i don't see that many people claiming to get out do you? tonight the president rallies in las vegas, they are lining up already eager to see the presidents positive message. the momentum is with him. let's see was mcdonnell she
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leads "the evening edit" on this network. first time since he was sworn in more approval than disapproval. 49 - 48 pre-first time we've seen afraid let's go back to the vision, i think you agree. he sees america as a positive place to live. in the democrats tonight. >> the last time the democrat unseated and got knocked out, was bill clinton, he was optimistic and had a positive vision. when you look at the trump rallies, i am watching them and i see why people are connecting to them. when the president gave a shout out to two veterans from iwo jima that attaches, the heartstrings go, they wanted cheer america on. they want to feel good about the country. i know you have lost a family member in battle, my mother
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never knew her father he was hit with mustard gas in world war i so she grew up not knowing him. i think as journalists, we get it in journalists of other people have lost family members to war battle, i think they understand what the president is doing and it's working. people want to come out and join the trump train. i'm just saying this as a reporter, i see the reaction. stu: my observation, is exactly the same as yours, americans want to be told that this is a great place, they just want to be told that they're doing the right thing to entered that this is the right place to be. that's a democrats not telling them that. >> i don't think it was right when he would not answer neil cavuto. but to your point it is a positive message what he's doing. let me back up, you make another great point and what you just said the democrats only have two choices here, either tell people the economy is not good and they can see in their paycheck and getting jobs is okay.
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or you did not build on president trump, we did. president obama did that right, he tweeted out it was my stimulus that did it. remember 2011, you and i covered this on camera and so did ashley. he did an emergency session speech in september 2011 saint stimulus is not working in my recovery plan is not working even though there $450 billion and some you think cutting back the government and blowing the taxes as a way to go, i thus know what i think. he was wrong. and you see anyone campaigning on president obama's campaign or hilly clean, sorry i do not see that. stu: i'm going to move on to this. elizabeth warren is the one after mecklenburg and lauren is with us. she has got a document that she wants bloomberg to sign. >> at least 17 women have come for forward.
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she wants them to be able to get out of those. >> i brought something with me today, i had an exchange with mayor bloomberg about the question about sexual harassment and discrimination senator, we think mostly women had to sign nondisclosure. i wrote up, on all that mayor bloomberg has to do is download it, i will text it, sign it and women or men will be free to speak and tell their own story. she says the election is about transparency. let those women or men tell their story. after her strong debate performance on wednesday night she is bringing in a lot of money, she continues to attack mayor bloomberg. stu: liz mcdonald, will this
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hurt bloomberg women voters. >> yes, critics are saying that. if you dig deeper into the story there is dozens of lawsuits of the toxic work culture of bloomberg. bloomberg news cannot report on his computer other campaigns . that does not feel good. also the gag gift, you saw the joke from his former workers in 1990. that is still out there, they made up a gag gift, can i read one to you because it's still out there. he said, i know for a fact that any self-respecting woman who walks past the construction site does not get a whistle, will turn around again and walked past again and again, until she would get wet. and then he said he might as will go to the library into the bloomingdale. these are jokes he said that his own workers put in a joke gift for him in 1990. that stuff is on the internet. stu: it comes back 30 years to bite. when can we see you? >> 6:00 o'clock standard eastern
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time "the evening edit". stu: short and to the point. 6:00 p.m. eastern for fox business network, the evening og edit". >> i hate talking about myself. stu: and jordan television. and. [laughter] thank you very much. look at gold, the flight to safety, down 200, the flight of safety of gold is up $25. that is a seven year high, 1645 an ounce. we have bitcoin up today, 84 bucks, 9700. they don't move. and the price of oil, that is responding to the slowdown in the world economy, down nearly a dollar down to 52.
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the yield on the ten year treasury, 1.46%. that is money flowing into the safety of treasury bonds pushing the yield down five basis points. it does not sound like much but that's an earthquake. >> the 30 year hidden all-time low. stu: 1.89. an all-time low on the 30 year treasury. the dow is down to 40. check out the headlines of the new york times, the house was warned about russia meddling with the 2020 election. that has the media fuming, they believe that russia is helping the president to win. the reaction on that coming up. president trump was in vegas for his third rally of the week, it kicks off in a few hours. we have the rnc on the show, they have a new fundraising number from january and it towers of the democrats. we have the numbers of the rnc. that is next.
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♪ ♪ >> i don't know if anyone watched last night's debate, it got very big ratings and you know what mini mike did not do well last night. how about klobuchar, she choked. she choked. she could not breathe. they look to her and said something slightly derogatory and she said are you accusing me of being dumb. stu: can't get enough of that, that was a president railing against the democrats and their debate. katie is with us, rnc manager.
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the president style clearly fires up his base. do you think it might alienate some independence or some suburban women? >> i think the important thing is he goes to the rallies to talk to his supporters, exactly what you talked about frequent does not get covered as much are the things he does when he travels to the states after or before the rallies, he gave the commencement for the hope for prisoners in las vegas yesterday. last week after new hampshire he flew to dover to see the remains of two flown officers from afghanistan. what you see are events that middle american, independent voters do like about this president. so whether it's a factory worker in michigan worried about his job going away, an iowa farmer worried about the trade deal bankrupting the farm or woman getting o have an heart of gettg on her feet from behind bars, all these things they have seen the president is working for them. out there every day and cares
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about them, that's why i believe he will when the reelection. >> talk about money raising. elizabeth warren said she raised a lot of money right after the debate. >> 2.8 million come out a one point she said she took in $450,000 during a 30 minute spell at that debate. which is pretty impressive, bernie sanders was the other one of the debate crew that did well and did well in fundraising. but talkative fundraising, elizabeth warren is been very critical of big money behind candidates in canada to accept big money. guess what, she changed her mind, she is taking a super pack and be informed to support her presidential run. it happened so quickly that her website is still criticizing anyone, so they did not get the website changed in time. i guess you can join them if you want to stay in the race.
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stu: desperation i think. katie, back to you. the dnc raised $50 million last month, you got that. embarrassing, the rnc in trump brought in 60 million but i put it to you, bloomberg does not matter how much he brings in, he has 60 billion to spend. are you worried about that? >> i do not. we talked about this on the show previously and money is a very necessary resource and politics as it relates to the television advertising and digital advertising but it cannot buy a movement. what you see at the rallies is a movement. whether michael bloomberg puts 100 million, 200 million, 300 million on television, the president will have the resources as you talked about with rnc in the campaign being well-funded but additionally arguably more important he has over 500,000 volunteers working right now for him for free. michael bloomberg does not have that, elizabeth warren does not have that. stu: do you see on the election
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day the president has bought an ad that will appear on everybody's u2. if you tune into youtube up pops a present with a campaign ad, were you behind that? >> no brad, gary and rnc do a lot of strategy on that and the president himself. he knows better than anyone how to talk to the voters and how he wants to do it. but we do help with the data modeling to talk about and target the voters specifically and make sure the right people are seeing the right video. >> you get all the data from all the rallies don't you? >> we do. the campaign and rnc work together to make sure every person that even wants to go to a rally or applies for a ticket, we have to get the phone number and e-mail address, that is helpful. stu: you know who is out there and you can get a hold of them and contact them. >> get them to volunteer. stu: 20% are democrats. >> on average 20% are democrats, astounding number, people really don't believe that.
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it goes to the point, i talked about earlier, these people are feeling and seeing what the president is doing for the everyday american but felt left behind for eight years under president obama. they said the left-wing media is tried to beat up on the president and tried to make a big deal about it, he made here or there. my 401k is better, i have a job and i feel like this president is working for me. stu: katie, i think you're on a roll. thank you. let's get back to the market, when we check the maggot stocks. the billion-dollar club, they are down but still in the trillion dollar club. microsoft was down $4 at 180, amazon is down $38.18. down 896-point about stamps.com. huge gain yesterday, i think there up about 60% or something.
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in one day, down 39 cents today. so they are holding right up there, 157, stamps.com. e*trade was announced that morgan stanley would buy them and it went up yesterday, there down to 53. domino's pizza, they had a big rally yesterday, they are down five bucks today. that is only 1%. not much of a downside after the big rally yesterday. ladies and gentlemen, another story for you, this is modell, the sporting good guy, they are closing 24 of their stores, the ceo was on morning with maria earlier today, we will show you what he had to say about this and that is next. ♪ imagine traveling hassle-free with your golf clubs.
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and then we had to tell her office associates to tell them what's happening. i said the same, were doing it for the host cell to save job. >> that was mitch modell closing stores, 24 of them. christina has good information on the. >> i just literally spoke to mitch as i was walking on set, he said the interview was so successful this morning because he asked the audience if they're willing to seek a minority investor, he has so many phone calls and imo's across the country that even at this point they said they're going to be closing 24 stores but there is a possibly that they could renegotiate with the landlord, they don't know and they cannot provide details which locations but the 24 number could be reduced just based on the success of the interview this morning with maria bartiromo. stu: he will not accept outside money. >> exactly. this is a private company, been around hundred years, known in new york especially, they did not want to give up any to the outside public but now he's willing to do that.
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i did get a list from the company as well where they will close the stores, fortin pennsylvania, eight in new york state, five in new jersey and the remaining will be in d.c. in new england. but the company did lose $50 million austrian sales, warm weather, lousy sports teams and of course they feel the amazon effect and vendors point out to because they are worried he will not stay close. >> the man appears on his network with maria and money starts to come in. >> the honesty that came from and was really nice, he will be on your show on monday. stu: thanks for telling me. i will welcome him with open arms. thank you very much. more retail woes, i'm afraid. the gap, getting into the second hand market. does that mean they will sell used close at the gap? >> there teaming up with a platform that sells secondhand clothing called dried up macy's,
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jcpenney, j.crew they also partner with this and they all do in various and different ways, the gap says you bring in used close, drop them off and will give you store credit, the question is this is the second hand market, how effective is it for the big retailers, does it generate more traffic, does it boost profit? we will see. but it's a trend that all these retailers are getting into. stu: can you imagine going to bite a secondhand used pair of ripped jeans. i can rip my own. [laughter] >> they are not that deep cheap% is usually not that much. in their banana republic already doing that with secondhand louis vuitton purse unde. good news on the housing market, existing home sales up about 10% from last year.
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maybe we are looking at a real nice spring housing boom, a good story and we are on it. forget robocall. the latest news from a political text campaign is now excessively messaging people to donate. we have the story, we are on 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. the business of hard work... ...hustle... ...and high fives.
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stu: the virus is extending outside of china and there is some worry among investors, do you really want to hold stock over weekend when you don't know what will happen over the virus over the weekend and what will come monday morning on the stock market. that is part of the reason why the dow is down close to 200 points. how about this, homebuilders and the housing market, the homebuilders etf, that is awfully close to a record high, earlier this morning they had the numbers on existing home sales. deidra bolton is here with good news. >> 2020 should be a pretty good year for homebuilders and should be a better year we won't say
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rockstar but better year for homebuyers, low mortgages and if you put them up historically, i would say around 3.6% which most people are paying. if you compared to last year, they were paying 4.5%. relatively low, low and employment, consumer confidence is high and demographically millennial's are now around 38 t ones are looking for homes and responsible for depending on which stat you look at between 40 and 50% of mortgage application. they are ready to move in and the older ones have saved the money and ready to go and can buy a home and even the existing home sale data that actually brought you, year on year up 9.6%. stu: it looks like a possibility for spring housing boom, let's bring in david niclas, where are you. there you are. wealth management kind of guy. show yourself.
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we have 5 million millennial's turning 30 this year, we have half born in america right now are bought by millennial. it sounds to me like a housing boom based on the millennial come the spring, what do you say. >> yes the demand is actually absolutely soaring but the pious inky. it's a set up for higher home prices. you have 5 million americans are turned 30 this year, that's the peak age for homebuying. and young americans are fortunate to be entering it at this time strong economy, low interest-rate, a good friend of mine said should i buy a house now or should i wait until after the election and i said by now because every day you wait, rates will go higher in home prices are going higher. it's a perfect time to buy and it will be a strong start for housing the spring. >> we also have a statistic a couple weeks ago on the show the older millennial's in the upper 30s that some of them, 25% of them have $100,000 saved, cash.
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that looks to me like a great big down payment. >> were in a much different situation the 2005, 2007, 2008 for the housing market. the credit worthiness of audit under buyers is dramatically better than under better than it was ten years ago. i don' see the risk in the econ, buyers have better credit worthy, better savings and it's a really perfect set up and there's still weaknesses and that's on the supply side that gives you a little bit of concern but strong demand standpoint, prices are going up for housing. stu: did you have anything dad? >> the supply side, i was looking where that said people are staying in their homes for longer. in 2010 people were staying eight years, they are now staying on average 13 years.
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but the hundred thousand number that you gave is really important because immediate sales price from existing home in january is 266,000, it millennial's have save 100,000 that's an amazing down payment. stu: back to you david, it seems to me if we really do have an uptick as opposed to a boom, waldeck of the economy another leg up? >> yewe have a stronger economy, millennial's alpine, there's a lot of product into positive factors, but what's causing them to stay in their homes longer, low interest rates, many americans have refinanced over the last ten years and there's a wide move, fica not get what i want, home prices are higher and i think what you see some of those that have been staying in the home starting to sell i think we will see another boom up. stu: fascinating. thank you for joining us, back to you. teams are deleting their instagram post as fast as they posted. why do i care. >> you care about this because
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it's a first generation who has seen the consequent as of social media. they are polishing up their facebook, and instagram account so it's like the resume what to present to the world, they will post and then think about it and say that might look good in the future and then they take it down which begs the question why put it up in the first place. but it's like they need the validation, the likes and comments. there are two things, a real instagram account, and the fake one in the really embarrassing stuff that's usually private. i'm not totally convinced the teams are smarter right now. stu: but you cannot have a private account under another name, you can do that? >> you can set up whatever you would like. if you think that could come back to hunt you, you seen that it has in the past, don't put it out there in the first place. stu: once it's out there isn't already out there? >> it's just harder to find but that is true.
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>> we lack judgment when were very young. >> if you post a long time ago nobody knew about it. stu: they did not have smart phones back then. >> rotary dial. [laughter] >> i wish we had iphones when we were younger. [laughter] you say that to me every day. stu: fair enough. speaking of smartphones, robocalls were not enough, now were being flooded with political text. that is the new thing. >> voters are already complaining because the campaigns keep getting more information from the county registration rolls.
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and they can send you a test and send you another one and some people complain they're getting them all day. but the information is public record. if you don't like robocalls, you will get these text hitting your phones again and again, and it's very difficult to stop them. just ignore them, delete them and move on. get me back to that rotary phone. stu: all right everyone, now this. >> if you're going to vote for one of these people, probably crazy bernie, he seems to be leading. mini mike, i thought he would come up again but he can't debate. he was not meant for the camera. he was not exactly great last night, i think he lost to last night, it looks like crazy bernie. stu: crazy bernie as he said, the rally last night, his first of social is bringing a low to
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his rallies, bernie bringing people to his rallies, how does the country feel about a socialist in the white house? we are asking the question because we have new numbers and we will break it down after this. ♪ flexshares may look simple on the outside. but inside every etf... there are untold hours of careful construction... infinite "what ifs?" and contingency plans. creating funds that help target gaps in client portfolios. tap untapped potential. and strengthen confidence in you. flexshares. powered by over a century of investment expertise before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. for a prospectus containing this information. there's a company that's talked than me: jd power.people 448,134 to be exact.
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they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding.
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♪ ♪ >> the russians are coming again and interfering in the selection, russia is interfering again and trying to elect donald trump that is a bombshell and an earthquake. >> russian interfering in the election of to help the president of the united states get reelected. >> do i think the russians will be back in 2020, what you mean be back, then enter they never left. >> russia is right now reportedly trying to help the president get reelected. >> this is a shocking news day
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if you retain the capacity to be shocked in the trump era by the trump regime which might be better to be labeled trump put itrump putinregime. stu: the russian near to. the new york times as lawmakers have been warned that russia is meddling to reelect president trump we really need the senior advisor to the trump campaign, are they really going down this road again? do they ever learn? >> the russia collusion story did not work for them, the impeachment story did not work for them so why not bring russia back into the headlines. can i say something, it is really important to understand the department of homeland security works extensively with our state and our local government to ensure the cyber security measures in place because of course there's going to be four and influencers like russia, like china that might
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try to interfere in the election the department of homeland security is to make sure we have election integrity, voter integrity and obviously these elections are well handled and that is why our department of homeland security has taken the measures much earlier on than we ever saw under the obama administration or the obama regime as i like to stay. stu: if the russia is when you help anybody, she surely they would help bernie sanders who had his honeymoon in the soviet union and described as a soviet communist. [laughter] stustu: let me move on, 67% of voters say they are uncomfortable with a socialist candidate. [laughter] >> what's interesting about the pole, you have 53% of the voters that are democrat primary voters who feel comfortable with a socialist candidate.
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that is very telling, tells you where the liberal faces that and why bernie sanders is surging in the primaries and in the caucuses, you see standards in the nevada caucus, a close second south carolina. it really shows that that base is drawn to a planning government where the government decides who the individual how you need to live your life, how you need to plan your healthcare and also ensure what direction and industries survive. so i think that it's very disturbing for those of us who believe that capitalism is the way to go because it empowers individual, and lifts americans out of poverty and we know it works, it's why president trump and his economic policies have lifted 2.4 million americans out of poverty that includes 1.4 million children, it's remarkable when you're able to invest in a free market in a capitalist society like we do
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here in america. stu: well said. he earlier on the show where bernie sanders served on the program and asked him about if there is a war going on within the dnc, the left and the moderates in the dnc. here's his response. >> they don't have a great track record of picking moderate great candidates to win. al gore was a dnc weber, john kerry was a dnc favor, clinton was the favorite 2008, only barack obama came along who they did not want and he won. in 2016, hillary clinton was a dnc favorite and she lost. they are at each other's throats. you have to love the. >> there during opposition research for us and them trying to destroy each other. it is fascinating to watch from the outside but also to watch president trump continuing to bring strength and unity to the
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republican party and also bring in an embrace the disgruntled democrats who are looking at the party saying what is going on. we have our a socialist and then i don't call the moderates, they are liberals. they agree with the policies of more government intrusion in our life but the fact that there's a so much position in the party, if i was a bernie sanders supporter i would be panic. it is true, i think the dnc will do what they can to stop bernie sanders and let me tell you we are looking at the numbers and is looking more and more that this can be a brokered convention if some of the candidates do not get out of the race. it becomes a two-person race and it's a little more manageable for them. but if the six people stay in and it looks like their staining for a while, they will be in trouble. stu: you are loving every moment of it. >> i am having a blast.
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[laughter] stu: come back soon. see you soon. thank you very much. next case roger stone sentenced to 40 months in prison yesterday. what did the president say about that. >> the political strategist and friend of president trump got three years four months behind bars for lying to congress and witness tampering. this is what the president has to say about that. >> i want to address today's sentencing of a man, roger stone, he has become a big part of the news over the last little while and i am following this very closely and i want to see it play out to the fullest because roger is a very good chance of exoneration in my opinion. >> what is exoneration mean, a political party, new trial, it was anti-trump later found out or maybe the government does not prosecute at all, whatever the decision is obviously it would carry a political price because then you would have opponents
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say that the agreement for any trump accomplice. stu: they will say anything no matter what he does. >> that proves that the bar was right, the original prosecution sentence, 7 - 9 years, that was too stiff and unjust and the judge who is an obama appointee agreed. stu: the whole point. it is so secret that evangelicals tend to stick with the republicans in the voting booth that is. what about other christians, the 2020 democrats are they pulling in christians? former father is with us next. ♪ he's a systems quarterback. 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!
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stu: the headline in the christian publication religion news, democrats are losing the support of white christians, who better to address the subject then jonathan morris, a former catholic priest. >> infect donald trump in 2016 got 81% of the white christian vote. i don't think we are talking, the democrats should be aware of
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this, it's not about white christian vote, they should be afraid of also losing the black, the asian christian vote and the list goes on. why, because the democratic party used to be the party of the blue-collar christian irish italian to come to the united states working hard and has family values. think of labor, that was a democratic -- those are like my parents. in the generation, that the democrats signed up. but what are the values right now strongest for christian voters, black, white, you name it. number one, the protection of human life and not the crazy abortion laws right now, basically up until a baby is born. number two, this is increasing, school choice, the ability to send your kids to a place to be
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able to afford to send your kids to a place that is not just a public school, and the teachers union is controlling everything, keeping charter schools out in religious schools out of the market. let me interrupt for second period do you see a return on a part of christians to more traditional values? >> certainly younger churchgoers, that does not mean all young people, younger churchgoers are getting away -- not only liberal policy in terms of politics but very specific things like liturgy in churches, there going back traditional. it used to be guitar services in the young people are saying hold on, first of all has to have music and secondly if are going to take the effort to going to church let's get serious meaning out of it.
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stu: do you think christians will go back to demarest? no democrats are giving them no reason to go back. pete buttigieg just said, i can't understand how any christian could vote for donald trump. that is so outside of the mainstream christian voter. they would say i will tell you lots of reasons why i'm voting for him, i may not like something she says or does but i like his policy and the democrats simply have excluded christians in terms of christian doctrine from the pot from. stu: i could go on about this from a long time. in the democrats better be careful. they're losing not only white christian but many other. stu: come back soon. thank you jonathan. more bernie after the sprin to detecting and preventing threats...
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spit him out. ashley: yeah. part of an interview with 9:00 60 minutes," and sanders says, look, i was frankly quite surprised how unprepared mike bloomberg was. he seemed like he once expecting the questions. they asked him about the money of being spent, and he says, look, we are a democracy. one person, one vote. not a guy with $60 million buying an election. so there you go. bernie with some strong words -- stuart: going right at him, trying to finish him off. ashley: apparently so. stuart: next debate is next week, so if he doesn't shine, he will have wasted a half billion dollars. >> i was speaking to someone who says it was his aides who were intimidated by him and didn't know how to prepare him. he just needed three stock comments, three really good zingers, you knew the question you were going to get -- stuart: you could come back easily at bernie sanders and all
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the rest, you could really go at him, but he didn't. >> no, he didn't. stuart: i can't believe he was intimidated. all right, our time up but, ladies and gentlemen, hope you all have a wonderful weekend. we'll see you come monday morning, and right now, neil, it's yours. neil: so staff members who are kind of intimidated by their boss -- [laughter] that's bad. all right. well, let me look into that. thank you very much, stuart, have a wonderful weekend. we've got the major averages down for the week here. and, of course, the latest catalyst, well, a familiar one, the coronavirus. not all companies, though, are concerned about this. they're concerned and they're looking at it, coca-cola did reaffirm its full-year guidance. that could change. but jackie deangelis has been adding up those with problems and those not, and she joins us from the new york stock exchange. >> reporter: good afternoon, neil.
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