Skip to main content

tv   Cavuto Coast to Coast  FOX Business  February 21, 2020 12:00pm-2:00pm EST

12:00 pm
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.
12:01 pm
definitely a flight to safety today and for the entire week when it comes to stocks in general. let's take a look at this ten-year note, the yield on that, because it continues to move lower as investors are buying bonds, the yield moves lower. we haven't seen the inverted yield curve with the three month this low since september. the concern from investors here, what they'll read into it, is that the coronavirus impact could potentially, potentially cause a recession, and so we're getting that talk circulating back on the floor again. meantime, we're seeing a big move in gold today too, another $25, supporting the idea that people are worried about the virus, the notion that the chinese may not be telling us the whole entire story and that it's moving outside of china quicker than we thought. the final point i'll make about this is, yes, apple said it was going to have a big impact on its first quarter, but coke saying it's going to take a penny or two off the ets, but
12:02 pm
we're going to hold on to full-year guidance, we're going to maintain it. they're not in full panic mode yet. so this continues to be a wait and see, but when i said it was going to cause volatility, we've seen that over the course of the last four weeks or so. back to you. neil: thank you very much, jackie. to put this in perspective, where money's going, where it's not going, take a look at what's happening to a 30-year bond, the lowest it has ever been, like ever, and the 10-year, multiyear lows. a lot of the trading instruments, mortgages, home equity loans attached to that, so that could be a good underpinning, the 10-year at about 1.47%. we're keeping a very close eye on. that larry kudlow over at the white house says the impact here, so far minimal. >> i understand the risks, and i understand these things could change quickly. but right now what we know there's barely any impact here9 a home -- here at home, regret
12:03 pm
by both in human and economic terms. neil: all right. what is the real impact here? judging by the markets sort of, you know, extreme reaction either up or down to this, obviously it is moving based on everything going on in china. to political strategist greg value year, janny chief investment separate mark la shinny. you know, mark if, end with you and beginning with you on what the markets are telling us today on a down week. i always wonder whether they're using this as an excuse to take some profits, not go into a weekend, you know, where anything and probably will happen. what do you think? >> i think it's a couple of those things, neil. the fact of the matter is, the market isn't inexpensive. we're trading about 19 times forward earning, and it would have been something that might have put pressure on on stock prices. clearly, investors really
12:04 pm
struggling day over day as to what the potential impact is from this. i mean, it's very fluid. we don't know what the magnitude of the economic impact is going to be on china, and so far the reverberations here in the united states have been pretty modest we had some excellent reports already this week about manufacturing act death in the u.s. except for -- activity in the u.s. except for today where we got a market pmi reading that was relatively soft compared to last month. we don't know fully the extent of what the impact is going to mean to corporate earnings and economic activity. at this point it's hard to make a hard and fast judgment at what the outcome is going to be. neil: greg, you look at consumer confidence surveys and just americans' view of where they stand, where their kids stand, we're rook aring at multi-- looking at multiyear highs, levels we haven't seen since around 2001-2005. what do you make of that?
12:05 pm
>> i've been on the road seeing investors and the u.s. and canada, and i they almost unanimously say the markets are underestimating the virus, and maybe one of the reasons why the markets have held unfairly well is a belief that there may have to be more stimulus, monetary and fiscal, not just in china. maybe even the federal reserve by mid year may have to cut rates again if this virus doesn't come under control. neil: you know, i'm beginning to wonder, mark, whether we can trust -- and i've said this before -- a lot of the information we're getting out of china. i've always suspected that with gdp reports and all that. they're not reliable, they've reneged on trade deals in the past, but to say we largely rely on data or stats coming out of china courtesy of the chinese government. and i'm wondering if we hang our hat on that to our own risk. what do you think? >> oh, i would agree. and i would say that because of
12:06 pm
this concern we may not even be close to seeing this peak. it could be several more weeks before this really peaks, and i think during that period the volatility in stock markets will only increase. neil: you know, mark, taking a separate look at what's been happening in some of the markets, technology for however beaten up it's gotten in the last couple of days has still advanced appreciably, about 7-8% on the year. if you look at the nasdaq, even more, nasdaq 100, even more. if you look at what's been going on with apple. then, lo and behold, berkshire berkshire hathaway has a big bet on apple. i think it represents about 14% of its overall portfolio or weighting here. that's a lot. what do you make of that? >> well, it really is. it has something to do with the performance of apple, but since he bought it in early 2016, it's up 185%. in fact, apple's up 85% in just
12:07 pm
the last year alone. that compares to a 20% gain in the s&p 500 and relative to his other top ten holdings in berkshire hathaway, the next best performers are jpmorgan and coca-cola up about 30% in one year. a lot of that sizing has to do with the appreciation in apple specifically. but needless to say, it's also a great company with a business that is something that he would be attracted to. as for typical investors having any position represent 14% of the portfolio might be an overweight that deserves some trimming, but it doesn't have to be an indictment of the prospects of apple going forward. neil: greg, i know you're not steeped in stocks and all that, but i always think that a lot of companies might use what's going on in china as a convenient excuse if they have a bad quarter or, you know, a lousy period. >> yep. neil: and it will feed on itself. in other words, it could be a pall over the markets, something to hang on to and say, all right, if not for that, be doing
12:08 pm
a lot better. of course, there's no way to prove that, but what do you think? >> it's a slippery slope, but as a washington analyst i'd say this, neil, all this talk about break up the tech industry, the banks, all this stuff we're hearing from the left, from the democrats is crazy. it's never going to happen. you have to assume a premise that the senate would go along, and that simply is not going to occur. neil: no, out takes a crisis to get a lot of that stuff done, right in and they would are to be elected in a crisis wave and a full sweep of the house and senate, and that's tough to pull off. things could change. >> yep, absolutely. neil: thank you both very much. the dow down 168 points, we are dealing with record lows in interest rates, but record low mortgage rates today as well. and, of course, gold advancing to multiyear highs, i believe better than seven-and-a-half year highs, we're on that. and on the candidate who might be running out of cash but staking a lot on what happens in nevada. caucuses that wrap up tomorrow
12:09 pm
afternoon. we're there tomorrow live -- not literally, but covering it live -- and the fallout for what could be an interesting market week next week, after this. ♪ ♪ ing actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ the better question would be where do i not listen to it. while i'm eating my breakfast... on the edges of cliffs... on a ski lift... everywhere. ♪ download audible and start listening today.
12:10 pm
a new kind of investor with an app that's changing the way we do money. download robinhood now.
12:11 pm
can you help keep these iguys protected online?? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today.
12:12 pm
♪ ♪ neil: well, you know, they say what happens this vegas stays in vegas, but the candidates are quickly running out of chips here, so some of them are going to need some help from vegas, from the nevada caucuses which are slaipted to end tomorrow around 5 p.m. eastern time. it's anyone's guess what happens the from there, because you have south carolina week after that and, of course, super tuesday following that. hillary vaughn has the latest now from las vegas. hey, hillary.
12:13 pm
>> reporter: hey, neil. 2020 democrats running for president are really struggling to keep pace with billionaire michael bloomberg's spending spree. in super tuesday states, so far bloomberg has spent over $150 million in ads spread out over those 14 states that vote on super tuesday. vice president joe biden and mayor pete buttigieg have spent zero on commercials airing in super tuesday states. the mayor tweeted this yesterday: my team is going to follow up with more details, but the short of it is we've got to raise about $13 million before super tuesday to be competitive. senator bernie sandersers has spent $11 million on super tuesday ads, senator elizabeth warren so far just $300,000. warren tight on cash. she had to take out a loan after she burned about through about 97% of her campaign war chest. her campaign says she's only
12:14 pm
used $400,000 of that $3 million loan she took out, but the problem a lot of candidates are running into is they weren't expecting or planning to have this many candidates still in the race this late. neil: neil exactly saying, it'sa brokeredded convention. no one's going to get on the first ballot. hillary, we destroy the tapes -- we don't even have anticipates anymore -- we destroy whatever's digital. thank you, hillary, great as always in las vegas where it's a dry heat, we're today. m. meanwhile, do not count michael bloomberg out. a lot of people are piling on him over his debate performance, but many candidates have poor debate performances and live to tell about it and take a view from the white house after it. to america first action political action committee director of communications, kelly sadler, editor glenn hall and the former democratic congressman harold ford jr. harold, what is your take on what bloomberg does now?
12:15 pm
in a way it's good that he doesn't have to raise outside funds because he'd have a hard time coming up with them after the debate, but where's he going? >> nothing hat really changed in the campaign, he remains the most well funded, the most moderate and the likeliest to be able to take down or defeat bernie sanders. bernie sanders remains that premier progressive in the race, and the question democrats had before the debate is the one we still have today. i'm a democrat, who is best situated to take on donald trump and defeat him in the fall. even after the debate there were not supporters of bloomberg, buttigieg, supporters of biden who believe sanders is that crate. admittedly, mayor bloomberg did not have a great debate. i suspect he will do much, much better next time, and we'll continue to ask the question, whom do you believing has the best chance of defeating trump. if you see buttigieg and believe him, he is running out of money. warren is bragging she's raised
12:16 pm
more money because of her performance in the debate. bloomberg's going to have to be crisper, smarter, better and be the fighter that he was here in new york as mayor in this next debate. neil: you know, he does have a lot of money, to his point. i'm just wondering though whether that debate performance has stopped his rise. we won't know until we see more polls, i guess, and he's not on the ballot in nevada. i don't believe he's on in south carolina, so his first test would obviously be, you know, on super tuesday. what do you think? >> yeah. i think it's too soon to count him out. the money is influencing the behavior of the other candidates and influencing the behavior of the voters, so, you know, one debate isn't the end for him. but he did news to -- does need to step up his game, fire a base right now that he hasn't fully won over. neil: no, you know, i get the distint impression that the white house wants bernie sanders to be the democratic nominee. i could be wrong, but is that because they view him as the one who's easily beatable?
12:17 pm
>> well, i mean, there's such aing contrast of records, right? it's freedom versus socialism, and we can easily, you know, put that message forward. the majority of americans are against medicare for all. i mean, the culinary union in nevada is against medicare for all because it rips it out of the hands of, you know, privacy insurance and your with -- neil: i mow that, but is it a sense that he's beatable because these views are deemed extreme -- >> absolutely. neil: -- i hear more criticism still of michael bloomberg than i do with any other candidate maybe because he's the big worry. what do you think? >> well, no, "the wall street journal" had a poll out, 67% of americans are uncomfortable having a socialist presidential candidate. and if i think that's where you're seeing some with bernie sanders, and that is something we will exploit on the campaign trail. now, with bloomberg, i mean, if the democrats want to have someone come in and buy up their
12:18 pm
nomination, that's for them to do. right now we're seeing a total fraction in the party. you've got the socialist versus centrists, none of the centrists look like they want to get out, none of them are going to team together to have one solid candidate, so i agree we're going to see a brokered convention. neil: normally run the other way -- [laughter] let me ask you, harold, about the president, where he stands. he's looking at his highest poll numbers, like ever on his presidency, on the economy certainly the highest. so his argument and the white house argument is, bring 'em on. what do you think of that? >> which is why you need a candidate like a bloomberg or a moderate candidate to be able to take in -- neil: you didn't mention biden. >> i didn't mean to take joe wilden out of the competition, i don't -- i don't mean to take him tout conversation either. if you're president trump looking at those numbers, he's sustained this number for a little bit now. he had lower numbers in '6 and won. the economy -- in '16 and won.
12:19 pm
you need a candidate who can describe where we are and how he or she's going to take us to a different place, and i think in this instance it's two candidates that have the best opportunity and chance to do that. but we've got a long way to go in this race. it's sad listening to her talking about bloomberg and him buying the race. if that's the only gripe -- >> it's not the only gripe, believe me -- >> i can imagine. >> there's more come. imagine him versus the president of the united states on the debate stage. >> i'm sure mike bloomberg would love that opportunity, see how it plays out. bloomberg has run a big city, he knows what it means to bring out about an economic renaissance after 2007, and democrats, what did democrats believe is their best chance to win the white house, and which person will allow democrats to preserve a majority in the house and maybe win one in the senate. i don't think it's sanders, and i think democratic voters are going to have to answer that question in primaries and
12:20 pm
caucuses going forward. neil: some have said sanders would be the george mcgovern candidate. a lot of passion in debates but not much in terms of reaction at the poll. we don't know. but leapt me ask about how -- let me ask about how the markets are playing this, because i don't think they're factoring anything political at all. they don't see a problem with the president getting reelected. what happens if they do? >> so what i hear from folks in the market is that aside from the coronavirus, you know, they're happy with the way things are playing out because a stalemate washington is the ideal scenario for market. status quo and you can make your bets, right? so they're looking forward to that. but i think the other side that really needs to be factored in is the economy. the economy is actually doing pretty well. who gets credit may be up for debate, but the president is doing a very good job of taking the credit and making sure people know this is his economy x. if we see in those polls that you're talking about that the state of the nation, the sense of how our economy is being managed very high, and the president and republicans are
12:21 pm
getting the credit for it. i think that's part of the trupp r -- the bump the president got in the polls and acquittal validation which we saw in the clinton years. >> one question he's going to have to answer, we're running a trillion dollar plus debt every year, when bloomberg was the mayor, the city was running a big deficit. he turned it around. when i was in congress, i got beat up in my own party because i believed in iowa rate me -- arithmetic. the question is if you have sanders running, we will run $2-3 trillion -- neil: not even on their top ten issues. >> right. unbelievable. because the economy is maxing those things in this ongoing growth story -- neil: no, i don't -- it's a little disheartening. >> depending what happens between now and the election, if we see the markets freak out in a much bigger way, that could turn the tide. neil: no, you're right about that. real quickly, on that, kelly,
12:22 pm
mick mulvaney is apparently worried that republicans are looking hypocritical on this debt issue, the acting chief of staff saying this used to be ab issue w owned, and it's going to come back to bite us. >> i think the president is building up his political capital right now. once he sails into a re-election, deficit spending is definitely something that he can take a look at and has an opportunity to rein in without, you know, the democrats in an election year basically charging republicans of pushing grandma off a cliff trying to cut spending. neil: well, they both do that, right? including republicans. >> well, i mean, the president's running uncontended. he's the nominee. neil: no, i know, but they were controlling -- you're the guy in the white house, and you're submitting budgets that have these record deficits, that's on you, right? i'm the one who ate the doughnuts, right? getting fat, right?
12:23 pm
[inaudible conversations] >> the budge needs to be approved -- budget needs to be approve by congress, and it never is. the ball is always kicked down the road -- neil: no, you're right, both parties play this game -- >> yes. neil: you know what's impressive is if a president from either party submitted -- in the last one that did was a democrat. neil: you're right about that. guysing thank you all very, very much. special live coverage on this network, on fox news, i should say, of the nevada caucuses tomorrow. the kickoff, 10 a.m. eastern right through noon. we might be getting an idea of some key trends going on. remember, they had early voting for the first time in the caucuses, and those are some pretty impressive numbers. they expect to be very busy tomorrow. more on that and what are the issues galvanizing voters as sort of a precursor everywhere? after this. ♪ ♪
12:24 pm
1 in 3 deaths is caused by cardiovascular disease. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains. many have turned to fish oil supplements.
12:25 pm
others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com
12:26 pm
12:27 pm
>> you know why i pulled you over? >> depends how long you were falling me. >> why don't we just take it from the top? >> i sped, i failed to yield at a crosswalk, i changed lanes in the intersection, while running a red light and speeding! >> is that all? >> no. i have unpaid parking tickets. ♪ ♪ [laughter] neil: well, steer clear of washington, d.c., a record $1 billion in traffic and parking tickets all in just three years. aaa is calling it predatory, a bit much. fox news contributor kat timpf is here right now. take a look at that. you have some experience. >> i did. i told you this story just before we got on. so i used to live in d.c., i had a car, and i was breaking the law. you're supposed to change your plates right away. i still had my michigan plates on my car, and i was not changing them because it was more expensive to register in
12:28 pm
d.c. but i kept getting the order to change them now, you're going to get this fine. how do they even know? i was parked in i a gated, there was a fence, it was completely solid, i figured out there were police cars waiting for me to pull out and get to work, and i realized they were literally following me to look at my plates so i would keep getting these new notices. oh, and i was in a high crime area at the time, and i just don't believe that my plates were or the thing -- neil: they were tack tracking you down, not the murder ors and robbers,. >> do absolutely, and i had my car broken into in that neighborhood when i didn't have anything of value. they didn't catch that guy, never can caught that guy. neil: the fees that came with that at the time? >> huge fees. neil: that's what this is all about now, right? about the money. >> yeah. police are supposed to be there to protect and serve --
12:29 pm
neil: marching orders from -- >> of course. neil: so they're in a catch 22, but they're really upping this now. and it's a great revenue raiser. of course, here in manhattan. but, i mean, speeding tickets, parking tickets are the gravy. >> absolutely. and i always thought in order to have police follow you, you had to be, i don't know, a murder suspect? they're trying to get your dna. but since you have that level of tracking someone over a plate on their car? i mean, i was 21 years old, maybe 22, and i was trying to save money where -- i was so, i was entry-level journalism job. neil: you're right, that's what they're going to have to do to extract payments if people because they're going to come up with more creative ways to get it. >> absolutely. i got creative and said, okay, next time my participants come visit me -- parents come visit me, it's their car. so then they were like with the
12:30 pm
extra mile they were following me. is of all the problems in a city like that, particularly the neighborhood that i was living in, how could i be that kind of a priority? i know i was breaking the law, i know it was wrong -- neil: even back then they were suspicious. >> is so it was so they could get a couple hundred bucks from me? it's not that much to them, but to me it was a huge amount of money. neil: especially when they up the fines to raise these figures. you probably heard right now the women's soccer mares are seeking more -- players are seeking, they get $66 million to coffer what they call jend -- cover gender discrimination. >> right. neil: what do you think of that? >> this is a complicated issue -- neil: we have 30 seconds. >> i don't think it's going to change because it's about economic returns. not as many people watch women's sports, i don't watch women's sports, but i also don't do men's sports, so i'm doing my part for the equality. neil: you're disinterested in
12:31 pm
both. >> let's just stop sports, then we won't have this problem. neil: i always think it's going to lead to different pay package for the men versus the women, it doesn't even have to apply in sports, it could be a trend setter if -- >> absolutely. and it is gender picking, i completely agree. but they actually receive the higher percentage of what the world cup earned, for example, than the men had in 2018. neil: they had pretty good ratings. >> they did, they absolutely did, and maybe i'll just start watching only women's sports. try to get the bar to change the channel. [laughter] neil: maybe from your car, being parked and watched -- [laughter] kat, great seeing you, as always. in the meantime, mcdonald's is setting the mood with scented candles. what could possibly go wrong with that? after this. ♪ ♪
12:32 pm
you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america. it's more than 10 times faster than some other 5g networks. and it's rolling out in cities across the country. so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in frigid omaha. almost 2 gigs here in los angeles. that's outrageous. it's like an eight-lane highway compared to a two-land dirt road. this piece is talking yeah?. so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts,
12:33 pm
available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪
12:34 pm
12:35 pm
neil: well, existing home sales were down for january, but building permits, they're at a 13-year high. deirdre bolton on housing, very, very important. hey, deirdre. >> reporter: 2020 should be a better year overall for housing than the past few years for more than a few reasons are. you mentioned the january existing home sales data, it did
12:36 pm
show a decrease from december, but if you look at the year-over-year number, there was an increase of 9.6%. building permits did hit a 13-year high, we got that datapoint earlier this week. strategists say that builders willing to take risk again in the more modest parts of the market because they do think there are buyers at those price points. for the past decade, builders would only really build or take risk at the very high end of the market, but that is about to change. everyone agrees that supply e is the factor holding the housing market back. even the chief economist at the national association of realtors has been speak about this lack of inventory. he says home sales are just moving sideways, not really breaking out higher even though the economic backdrop is favorable. here's why this is going to be a good year for housing, there are relatively low mortgage rates. we put up 2020 for this year, january, versus 2019. so even cheaper. i mean, these are historically
12:37 pm
very low rates to begin with. unemployment, as we know, at a 50-year low. that's reason two. consumer confidence is high, and then the fourth reason is that dem graphics are moving in favor of home builders because the older millennials are now 38, 39 years old, they're at a different life stage, more are getting married, having children. so so most people that means more space and buying a house. of after baby boomers, this is the biggest part of our population. realtor.com datapoints show millennials are responsible for the about 40-50% of all mortgage applications, and as a group they have saved $100,000 in cash, that's median, and then the median house price is $266,000. so if you have $100,000 for a $266,000 house, you are in an amazing position to have a very clear down payment and a good mortgage, neil. neil: well, it's america's core sense of wealth. we'll see what happens. deirdre, thank you very much good job.
12:38 pm
nevada do or die for joe biden. charlie gasparino has the latest on what's at stake. >> his advisers, to the man, to the woman -- these are people that work on wall street that deal directly for joe biden, he has to raise money for them and they're pulling back. they're telling me it's pretty simple. he has the come -- he has to be strong in nevada. i keep hearing number two. you know, he can lose, but it he's number two, he's got something to hang his hat on -- neil: bernie sanders leads there. it could change. >> right. and the other thing is south carolina is 'em pertive. he -- imperative. he has to win, it has to look good. neil: not just win, but by a lot. african-american support vitally. >> i know. he has to be real strong there. if he's not strong there, you know, what they're telling me, there's not a real compelling reason for his candidate i city -- candidacy going forward. if he fulfills those two tasks, he can go to super tuesday and pick up some delegates, and then
12:39 pm
he's kind of in the running and he's got something to raise money on. if you can't do well in nevada after what went on so far, losing both iowa and new hampshire handily and then go to south carolina and clean up where, you know, james clyburn -- i think you had him on your show. neil: yeah. >> did he say he was going to support biden? he's not said yet. neil: no, he's holding back. >> that's key. a lot of people think that he may push him over the edge. neil: you've seen some of these polls that show that he and sanders are actually now close to equally dividing african-americans, aren't they? >> yeah, that's -- neil: that's not a good development. >> that's not good. that's what people are saying. conversely, you would think that bloomberg right now would be owning that middle lane and, obviously, or he's not. and i think, you know, that debate performance was, i mean, not just bad, but, you know what was interesting about him is that he, he seemed like he was
12:40 pm
out of his league. and, you know, we know he's not. we know he's a smart guy, but he could not keep up with anybody on that stage. even biden, who didn't have a particularly great -- neil: biden, by the way, be better served still having as many people as possible in the race? in other words, if it looks unlikely someone can win on a first ballot, that's a chance for biden, i would imagine he'd hope, to stop sanders on a second ballot -- >> yeah. neil: -- super delegates, assuming he's still around. >> yeah. i think that's the big, the second part of what you said -- at least according to his people. now, what do i know, but his people are saying he has to be still valid, and the only way you remain valid going into super tuesday and, obviously, the convention is, you know, now you have to -- it's make or break time. number two in nevada looks somewhat strong there and winning in south carolina. if that does not happen, there's not much momentum for his campaign. neil: bloomberg is not in nevada
12:41 pm
or to how south carolina, to to your point -- >> you know what's interesting about him, you know, he looked so bad, if he was, like, raising money now, no one would give him any money. neil: right, we were saying that. >> but who needs -- he has the money. one of the interesting things about boom berg and i'm picking this up from a lot of wall street guys that went for him, he doesn't believe these leftist positions that he's taking. neil: of course he doesn't. >> righting? and that was, at heart, one of the problems with his debate performance. he couldn't defend his record as -- not even defend, he couldn't tout his record -- neil: right. -- of crime fightig in new york city because of stop and frisk. neil: be like you apologizing for being the gruff, great reporter you are -- >> yes, why would i do that? or being the little -- i didn't say it. i almost said it. [laughter] neil: thank you, my friend, charlie gasparino. there's reporters around the globe, and then there's charily.
12:42 pm
in the meantime, california is pushing a new law for tenants, how it could upend the housing market there. 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. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams.
12:43 pm
giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free.
12:44 pm
12:45 pm
neil: all right. we're hearing from top u.s. election security officials that are warning that russia may try to meddle in the 2020 election. are we prepared to deal with that if history does repeat itself? dick cheney is former national security adviser john hannah with us, how real, how legitimate is this threat? >> hi, or neil. hi, neil. i think it's very legitimate. listen, this is not new. the russians and before them the soviets have been trying to meddle and interfere in u.s. elections for decades. what's new here, of course, is the internet, an introduction of these new, advanced technologies that really dramatically expand the opportunities for the russians to get inside of our
12:46 pm
systems and really create havoc with the can credibility and integrity of our elections and our democratic process. and that does need to be guarded against. and it's not at all clear that the congress has done much of anything to actually put in place procedures in all 50 states to make sure that we're really hardened in the way that we need to be. neil: i get a sense from the president it's not a big issue or concern for him. but i could be misreading that. what do you think? >> yeah, no, i think it's a real problem. i understand that the president's concerned by this very explosive charge that the russians are not simply trying to meddle and create chaos and discord and questions about our elections, but they're actually trying to get him elected. that's very politically explosive. it may be true, but i think that the president and the congress really do need to hold until intelligence community accountable to actually show their homework on this, show the
12:47 pm
bulk of the evidence ask why it's leading them -- and why it's leading them to make that kind of politically explosive charge about actually trying to get one candidate over the other elected. but i think holding the i.c. to account, the president can really distinguish himself from president obama who in 2016 didn't take this seriously enough, the russian meddling. and president trump can now really take steps, i think, to say we're going to hold the russians to account. they've got to stop it. i'm going to protect american democracy in a way the prior administration failed to do. neil: you're confident about the economy and everything else, the wind at your back can help you get reelected and maybe handsomely anyways, there's no pop in going after the russians then, right? >> yeah, no, there absolutely shouldn't be. the president shouldn't personalize this. he should really see in the as ap attack upon one of our most
12:48 pm
important institutions, a chance for him to hammer putin, to hold them to account and to tell americans he's protecting the core and essences of our democratic way of life. neil: all right. let me just write that down. he shouldn't personalize this. all right, john, thank you very, very much. good seeing you again. >> thanks, neil. neil: stocks are down, second day. you know the drill, it's about the concerns everyone's going to get drilled on the coronavirus fears that are now growing outside of china, escalating in south korea, japan and iran. and some folks saying maybe the information we're getting out of china is wrong, very, very wrong. ♪ ♪ every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence.
12:49 pm
12:50 pm
that's why we go beyond the numbers. [ fast-paced drumming ]
12:51 pm
and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
12:52 pm
♪ ♪ neil: all right. unveiling a new baby yoda toy, disney is. [laughter] that was, like, a yoda thing. anyway, the politics podcast host, alex park with much more on that. alex, people were waiting for this. i'm not quite sure why, but now they've got it. the impact, i'm sure, is significant. >> people are really excited. this baby yoda thing has turned into a total phenomenon, but i'm not going to lie, neil. when i saw this story, i got a little ptsd, because i'm a '90s kid. when i was growing up the toys that everybody had were those furbees from hasbro, and they would turn on by themselves in the middle of the night. and there were rumors that parents would take out the batteries, and the things would still turn on at night. parents were burying them in their backyards terrifieded of these things. i don't know how this baby yoda
12:53 pm
thing is going to turn out. neil: in the beginning wasn't out they couldn't make enough of these? they were caught flat-footed because of the popularity of the show, not, of course, it's taking the off, they can almost charge what they want. what are they charging? >> they're charging $60 for these things -- neil: what? >> that's the thing, they're so popular. you're exactly right. it's capitalism,ing baby, people want it. neil: wow. i don't know. [laughter] you know, you can get a mcdon's quarter pounder scented candle for a lot less. now, what do you think of that? >> so mcdonald's unveiled this entire line for people that absolutely love the quarter pounder camera a. they have pickles, onion, cheese and ground beef, and you can light them individually or actually all at once, they say, for the full effect. and i'm just thinking, first of all, sounds disgusting. mean, imagine ruining the mood faster on a date and it's just onions. no thanks. no second date for me, i'm out.
12:54 pm
but i thought this was interesting, i feel like you can just tell these probably smell a lot like desperation, because mcdonald's is getting clobbered by chick-fil-a. that's where everyone wants to eat. mcdonald's trying to stay rell atlanta, is and it's a me -- relevant, and it's a meme word, if it's weird and funny and you can post about it online, people will buy it. i'm just upset because i'm a massive chicken nugget fan, that's what i live off of -- neil light the chicken then, you know? >> exactly. that's exactly what i'm saying. so i'm a little hurt, mcdonald's. please, where are the chicken nugget lover candles at? neil: that's a very good point. alex, that was outstanding. thank you very much. i loved her reflection of the furbyst in the '90s. all right, how the interview
12:55 pm
itself may have saved some of those jobs. >> step back and i said, you know what? let me do a timeout. we'll start paying our bills, which we always pay our bills on time, our landlords on time. took a step back and said, all right, let me put every option on the table, what are they. this commute's been pretty rough, huh? it's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go! ♪
12:56 pm
♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right.
12:57 pm
12:58 pm
neil: i think by now you know the drill, they're concerned about the coronavirus and whether it's getting worse, stocks goes down when those concerns easily but in stocks goes up and going down again. this is one that the china problem and more cases in south korea and iran, more deaths spreading to japan. so obviously people sell first and ask questions and don't want to go into a weekend long just in case things happen.
12:59 pm
we are following that very closely as well as the attraction gold in the attraction, right now you can get tenure note at 1.46%, 30 year bond the lowest it's ever been. jackie deangelis, what is happening with bonds, what's going on with stocks, she puts it all together at the new york stock exchange. >> good afternoon. that picture is the whole story of what's happening today. stocks are selling off on the coronavirus fear that is more widespread outside of china may be taken on faster than investors expected, maybe a little complacent about it and also concerns that chinese officials are not being forthright about the information or the pace of the virus as well. the dow is at 207 right now, as this are happening the yield on the tenure note goes down and watch gold prices go up.
1:00 pm
i want to draw your attention to the losers today in terms of sectors, airlines are taking a hit, people don't want to travel, they're afraid to be on an airplane with recycled air. southwest, delta, jetblue, american airlines having a tough day. financials are also having a hard time because we are looking at an inverted yield curve, the tenure in the three year treasury note, that indicates investors worry about recession on the horizon. goldman sachs, j.p. morgan bank of america, et cetera. big tech, they have been selling off all week as a result of china exposure. amazon, microsoft, apple, all lower on the day. pretty steep losses for the week as well. neil: we still have three hours to go thank you jackie. we are also keeping an eye on the nevada caucus tomorrow in the money coming in particularly for bernie sanders right now. and elizabeth warren, the right time for her.
1:01 pm
in the last 24 hours, she got $5 million in hopes to get up to 12. in bernie sanders constantly reminds folks he got it from small benefits should, any hopes to get more. they are free to spend billions, michaemichael bloomberg has spef a billion dollars, the national review democratic strategists christina, obviously those to lead and by that i mean supporters who are rallying around them and giving the financial support. do you think it'll translate into votes, more for elizabeth warren who needs it more than bernie? >> i think so. were seen a lot of excitement who we have on the democratic field right now and it's because they're arguing for the core values that was also successful across the country 2018. accessible and affordable healthcare, pre-k education for
1:02 pm
12, it's free and fair and does not matter what zip code you live in. neil: the big reason why the house slipped back i think you have to look beyond the house, think about what democratic governors want, that was a massive air in 2018 and 2019. the blood red states arguing for the kitchen table issues, it's the same issue elizabeth warren and bernie sanders in the higher democratic field is running on. neil: one of the points they make, they will turn this at nei what in new hampshire, but these issues are what we think we can win on paid what do you think? >> i think they have to get over the first hurdle which is the ongoing dogfight with bloomberg coming in changing the rules and saying how you're doing in the polls not what the grassroot poles of donation for he comes into the debate and has a terrible night.
1:03 pm
who knows how would a from there. that used to be a big distraction and mainly stopping bloomberg and any other particular issue. neil: he's the one capitalist in the race but has to denying capitalist pass. what do you think? >> a lot of capitalism behind him to try to deny, $16 billion worth. i think it's tough to deny. i would love to see when they're on the debate stage, i am all for i'd rather get my healthcare for free, i'd rather have not pay six tuitions for my kids, if that was for free that would be great, i don't know if you're gonna pay for that reason a papepayfor that. and the people who are running it seemed like the train to sell something. which is what you do as a politician but one plus one has equal to at the end of the day. neil: christina, it's interesting when i had a chance to talk to a lot of union workers around the country they
1:04 pm
are not big fans of bernie sanders proposals particular nevada. for them it's a big issue because they like the private health plans and he wants to scrap them. should he revise that if he rises to become the party nominee? is that an issue that will turn off general election voters? >> i don't think so, i think the way he's approaching this is gold but getting out to the fears of every family in the country has. it's whether or not they can afford. neil: as widespread appeal, do is sounds like spinach for all. maybe missing the fact that there's a good many people who have health plans that can moan and complain about them i believe there's a lot to complain about but they have them and they like them. >> that's a benefit of the primary, you go with the overall goal which i said is assessable, affordable quality care for everyone and we have different
1:05 pm
candidates coming forward different plans. i get a conduct to the nominee to see what they ran on in the primary, and then connect with the voters to make sure that we pick up in states like michigan, wisconsin and pennsylvania. they are voting for democratic governor. neil: in the states that might be an appealing option. >> i think the bernie sanders plan takes the prize from obama, if you like the plane keep the plane. not if you like your plane will take it away. these union plans have picketed and protested and fought against and got these cadillac plans and if ernie wins they will get swept away. neil: we have been arguing the fact that there are so many candidates in the race and there disproportional boating and everything else, it's more likely than ever that they might
1:06 pm
arise in milwaukee and the democratic convention. you are hearing a lot of people say that but on the show we've been talking about for very long time, take a look. >> you could rise and have not win on the first ballot. >> i think it's highly unlikely in this day and age that he gets to that point. it could but i think -- i hope so, i hope you're right. neil: the theory on the money being raised, it keeps more candidates in the race longer than people would've expected otherwise, thereby increasing the likelihood of a brokerage convention, you can look at iowa as a metaphor of what that convention could be like. i don't know that it's going to be a broker convention, mark the words are here on caboodle "coast to coast" between like bloomberg and bernie sanders. that's it's going to happen down the road. >> i wonder who the first ballot, all bets are off.
1:07 pm
>> is a party preparing for that possibility or praying for it because bernie sanders is seen as most delegates, you cannot deny you need 50% plus one and if he is a long way from that do you think you should get the nomination if he has the most ? >> i think we are way too early. [laughter] >> i'm not going to entertain you because i think it's important to look at ahead, 4% of the delegates in two states that are overwhelmingly white, nevada and south carolina will be where we are bringing in key electorate voters. >> if we get to that point it be a big mistake, i think that's what you're saying. >> that is definitely not what i'm saying. what i'm saying we have a ways to go and it's too early to jump ahead and if you miss out on hearing what so many important. neil: to your point you will hear them keep talking because a lot of them have a good deal of money or more than you would
1:08 pm
think, they could stretch this out and then what? >> they definitely could in they want to, they want to stand because true was not near the lead for a very long time in 2016. neil: he did not have all the delegates, he had most going in. >> i would expect the democratic party to rally behind who number one, two and three to get rid of trump, whoever can stand a tramp to beat trump and i think the people on the stage there is no one there that can be president trump. neil: you never know. when we were talking and covering all the concerned democrats that look like donald trump was going to divide the republican party and a bit if they did he would lose by a country mile. that is a very good lesson for republicans now. >> it is, first of all people talk about the brokered convention, i think the last one that we had is a must 1976 with
1:09 pm
ford and reagan. almost not quite. i think it was in the 50s, the longest one. >> 1924. >> it was exhausting. but i think the real question that i had if bloomberg ends up being the nominee, will bernie sanders people, will be second place perhaps, will they rally around the billionaire, although complete the billionaire is not fair, how can people of so much money. neil: if you want the white house so badly and you dislike the president strongly enough they might. >> i think that's what it'll come down to. you can look at every single version of the goals that people on the democratic stager throwing up with the biggest contrast is what a contrast to trump, he does not believe everyone should have affordable and assessable healthcare. he's trying to take away those protections, only thanks to democratic governors. neil: you're talking about the legal cases he supported. >> the new medicaid rules that the administration is proposing. these are things that will hurt families. neil: no matter who the nominee.
1:10 pm
>> definitely. neil: but we do have the opportunity to buy across state lines, those are providing options people have before in terms of healthcare. neil: it's still early and i think you pointed out something very true. only 4% to the delicate process. you need 1991 to close the deal. a long way from that. i think the top one is 23 delegates. >> something like that. neil: that's a big gap. special coverage of the nevada caucus tomorrow on my we can show beginning at 10:00 a.m. and we will be key talking to caucus goers, it's really clear that there's a lot of interest in the state that they don't want any repeat problems i was had. we'll see if they can do that what happens after that. ♪
1:11 pm
you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america. it's more than 10 times faster than some other 5g networks. and it's rolling out in cities across the country. so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in frigid omaha. almost 2 gigs here in los angeles. that's outrageous. it's like an eight-lane highway compared to a two-land dirt road. i waited to get treated. thought surgery was my only option. but then i found out about nonsurgical treatments. it was a total game changer. learn more about the condition at factsonhand.com
1:12 pm
it was a total wheneveryone is different.a,
1:13 pm
which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
1:14 pm
neil: farmers could be looking at a lifeline to hold them over until the trade deals kick in, in the case of china could be a while with the coronavirus issues. blake berman at the white house with some of the details. >> president trump suggested earlier today that a potential third bailout could be heading in the direction of farmers at least until his two signature trade deals kick in. you remember the president gave way to to bailout during the trade war with china both of those totaled somewhere in the area of $28 billion. here with the president treating today about the possibility of another one coming saying if our formerly targeted farmers need additional aid until such time as a tree deal of china, mexico and canada kick in, that aid will be provided by the federal government paid for out of the massive tariff money coming into the u.s. important to note that the president is saying maybe you need a little bit more help in
1:15 pm
the interim but however, last night at his rally in colorado where he continued to contend that the trade deal will lead to farmers having to ramp up their production. >> i don't want the farmers coming to me saying sir, sir, we cannot produce that much. our farmers will find a way, now i know the farmers i am not worried, $50 billion. >> the 50 billion is a reference to the china trade deal. this was the response from the democratic presidential candidate michael bloomberg who took to twitter to write, trump said he was protecting our farmers so let's see what he has done. in the tweet he rattles off a bunch of headlines being farmed bankruptcies that eight year high and ends by writing nice work donald. meantime as we head into the weekend, saturday night will have a consequential countdown in a different matter as the u.s. coalition partners and the taliban have described a
1:16 pm
seven-day reduction in violence, this will lay down the foundation for a potential peace plan with the taliban in afghanistan. the secretary of state mike pompeo saying earlier today the plan is to potentially go forward with the peace plan at the end of the month february 29. neil: thank you blake, as always my friend. right now what's percolating at the wall and brought. i was looking at the safe havens, when is the stock selloff approving just that, bonds in gold, what fascinates me, if you are betting on bonds are betting on slowing economy and gold besides a safe place to stash cass, it would also indicate that economic pickup. what do you think of this, gold seems real, eight year heisman it comes a 30 year bond, the lowest rate ever, what do you think going on? >> i think the bond market and the oil market to some extent
1:17 pm
our signaling there could be a global slowdown this year, the dollar is a safe haven and investors are flooding into treasuries and overseas and elsewhere. it's unique to see stocks worried upwards against the negative sentiment from the bond market. if you are in bonds right now, i think you really want to shorten duration. i think being long right now has obviously been a winning trade from the capital per station standpoint but i would shorten to intermediate or short duration in the balanced portfolios. neil: what is intermediate? >> i think you need to be less than seven years and right now were right around two and a five year portfolio duration. if you have been long you benefited from the drop but they are at historical lows and i think bond investors whos who uy go there for safety will be
1:18 pm
surprised if we get interest rates. neil: the overall stock market, some people want to see a selloff, correction, not necessarily a bear market but a 10% would be a healthy development because it would sort things out, i don't know if you agree with that but i hear that from a lot of folks who want to see it and to keep the boom going. >> i absolutely think we need to slow down a little on the seemingly inevitable march upward everyday. yesterday notwithstanding, we had an unbelievably strong rally and i think fear is leaving the equation and greed is setting in. i do think a correction will be healthy. the challenges that abide on the dip strategy used to mean when stocks were down for - 7 maybe even 10%. now abide on the dip strategy is by when stocks are down one or 2% and the money rushes in. that's was prohibiting the shakeout. i think we'll have a healthier market for the rest of the year
1:19 pm
if we look at something like the coronavirus as a way to take risk off the table and have a mid single-digit pullback. neil: if you look at stars, if you look at ebola, and the diseases and thereby viruses that out-of-control and scared the market to a bear market when it came to sars and quickly recover, history tends to show the selloffs can be overdone. are we overdone right now, is it your opinion we have a ways to go or this is already about what you expect? >> i don't think that we have had a significant decline. so i think investors have gotten more savvy, i was thinking about is a social media, people reason the same facts you decided in saying i'm going to keep a six, 12, nine because this will come back. i can respect that and that's what we tell our investors. the challenges we are ignoring the supply chain disruption are
1:20 pm
happening in work nor the fact that the streets of china are empty and the cafés are empty. neil: that will take a while to recover. those people out to bd quarantines, get back out, get working, get shopping it could take a while. >> it will push out the timeline for the recovery and you know the longer the timeline, then work unknown risks can surface. taking this often not taken a defensive position is a little too bold right now for our taste. neil: i respect that as i do you. have a good weekend. things are changing for freelance workers who could be looking at more regulations. why the gig may be up after the election. more after this. ♪ so what are you working on? >>i'm searching for info on options trading, and look,
1:21 pm
it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritrade education center. call 866-285-1934 or visit tdameritrade.com/learn. get started today, and for a limited time, get up to $800 when you open and fund an account. that's 866-285-1934, or tdameritrade.com/learn. ♪
1:22 pm
1:23 pm
1:24 pm
mike bloomberg is proposing a plan that was a part-time workers can get it to. ceo says that freelance workers are being denied these basic benefits. so i would assume, it's very good to have you, you kind of like what the mayor is kicking around? >> yeah, i think the mayor's plan is good. but a lot of these plans based around employer, employee relationships such as minimum wage will be effective as companies think they are going to be because so many americans today don't work as employees especially the bottom 20% of employees. and the reason is, because of the gig economy, increasingly companies like uber, doordash,
1:25 pm
mechanical turk, handy, task rabbit, et cetera, these companies disproportionally employ a large chunk of americans of the 20% of the wage gap. these employees pay people as independent contractors. and the problem with that is when you're paid as independent contractor you are denied the worker norm that america has established over the last 70 years such as no minimum wage, no unemployment, no workers comp et cetera. so it is a real problem in america. another problem with this is when these companies don't pay payroll taxes because they don't deem these folks as employees, if they don't pay payroll taxes they have a cost advantage over the other companies that do pay people as employees.
1:26 pm
so as they have a cost advanta advantage, they pay more people as 1099s who are denied more benefits. this has grown really, really fast over the past ten years, ten years ago there were 0 people working in the gig economy, this goes to 10 million people working and the fastest growing in the economy. if you want to help inequality and you want to focus on the gig economy workers and giving them the work protections that lets of all other employees have. >> then you have to war wonder t pays for. a lot of ceos come back from small medium and large businesses, there is a reason it's done this way if we are providing full benefits for everyone whether working full-time or not we go broke. what do you think? >> yeah. a couple of things about that, america does not necessarily always go for the lowest cost
1:27 pm
product, take sneakers, air jordans, there was a while there was an issue where the sneaker manufactures were building their product using prison labor, child labor in america decided we don't necessarily want that, we would pay more to have a better product too. but the second and more important reason is the concept if you give benefits to employees and you give benefits to workers, that it somehow cost you money. the exact opposite is true, you will make money. that is why companies give benefits and give salary raises two people to begin with. the concept here that you want to invest in your workers and if you invest in your workers they will treat your customers well and you will make more money. you will attract and retain better employees if you give them benefits. neil: maybe bloomberg has something on the parade always going to have you.
1:28 pm
thank you for taking the time. the very latest on my berkeley california says they're looking to put renters in the real estate market. loca♪ ♪ what a time to be alive. the world is customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind?
1:29 pm
we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. managing lipids like very high tryou diet. exercise. tough. but if you're also taking fish oil supplements... you should know... they are not fda approved... they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear, there's only one prescription epa vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish,
1:30 pm
have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. prescription power. proven to work. now with a new indication. ask your doctor about vascepa.
1:31 pm
1:32 pm
neil: we could be in for a cross world words he headed to india saying the u.s. and india are working on a major trade deal but it may not go smoothly. edward lawrence has much more. >> it's going to be a very interesting conversation. the top of the list for president donald trump is opening up china for direct investment from u.s. companies and also removing the tariffs that india puts on u.s. companies and products going there. last year the administration stripped india of the low tariff status of the united states and larry kudlow said that during the last bilateral meetings with prime minister of india president donald trump has been pushing for economic change their. >> were in the earliest
1:33 pm
preliminary stages. and i think what you might see, i don't want to get ahead of the president story, i think you might see his public willingness to negotiate with india, they are friends and so forth and i don't expect any details or much progress at all. >> kudlow says this trip is one more step in the process coming to a trade agreement with india, the u.s. is india's largest trading partner followed by china. they said last 2019 the trade deficit for the u.s. and india was $24 billion, u.s. export by 3.9% but imports from india grew 6.3% in the administration wants to turn those numbers around and come up with a full trade deal in the future. this is all part of the president rebalancing the trade relationship that the u.s. has
1:34 pm
around the globe. neil: thank you very much. is russia ready to do it again? apparently on reports that it wants to get involved in the 2020 election then the 2016 election. wall street editorial board member. what are they up to? >> they are up to something that has become routine for russia and that's meddling in the politics of the western democracies. i do believe they metal in the 2016 election, they actually had spies running around the countryside during that election. but they have also metal in elections in germany, france, the european union. >> how do they do and what do they do? >> here is example, three days ago mike pompeo in the uk defense secretary exposed russia for committing a large scale cyber attack against georgia
1:35 pm
last october shutting down web systems all across that country and they were joined in this by the nation of denmark and the netherlands all of whom are afraid of the gr you, the russian intelligence portion using cyber to shut down systems inside their country. so they sit there in russia or ukraine where they hacked system globally. engaging in cyber attacks against the western democracy and same politics in the electronic system. >> you make sense they are trying to screw up the system or the target summer staining 2020 which they can help donald trump? >> i think it's a destabilization of the democracy doubt themselves and pick people against one another in these countries and saying the great wing is emotion and the idea that is being suggested in the
1:36 pm
last few days that russia wants donald putin elected president rather than the socialist bernie sanders is preposterous on any level. >> are there other countries that can do this, you always hear about china and north korea it's usually russia that gets tangled up in the stuff. >> i think it's russia that has mostly made a political weapon, the chinese and north koreans and iranians do it to try to steal information from us. but the russians are the ones who used as a political weapon and it's a good question what you can do to stop it rather than counterattack and do something to destabilize their systems which we know the united states is perfectly capable of doing. neil: do you get the sense that the president isn't too keen dealing with this because it seems to apply because of the russian interference that he got the election, proven not to be the case. so he's reluctant to go all on
1:37 pm
board going after the. >> i agree with that. it's really too bad. clearly they meddled in our election in 2016 and the trump administration has been very tough on russia, they just sanctioned the russian oil company because is propping up maduro's government in venezuela. and they posed other sanctions. trump pulled out of the inf treaty with russia. but he will not admit that they meddled in the 2016 election because he believes, i think rightly, they will be spun forward to say that the russians helped him defeat hillary clinton. neil: we know when we look at it it's not the case. but we do know it sticks with him and he might not address this threat because of it. >> the story the last several days that has been someone from the defense intelligence agency going up to the house intelligence committee to talk about this. the chairman of the house intelligence committee is adam
1:38 pm
schiff who is a four manager impeaching president trump. i think the president is entitled for some doubt of the good fate of the democrat dealing with these nominations. >> especially given what everyone is gone through. neil: thank you very much. we have a lot more coming up the downtown lowe's at 260 points. and a lot on the coronavirus and fears. we are getting news concerning wells fargo that is very close to reaching a settlement with federal authorities, has to go back to the skin to lose him involving customers for packages they did not want. it's like an octopus because the eighth shoe but this should end it unit should be resolved and maybe the details out within hours.
1:39 pm
♪ when we started our business
1:40 pm
we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half.
1:41 pm
just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free.
1:42 pm
neil: we have brand-new details on the fight to keep the doors of modell's sporting good open, unaccounted new york institution. christina with the details. >> it is been around for 130 years and is struggling to stay afloat. the ceo mitch my dell smoke with maria bartiromo earlier this morning to announce a half to close 24 stores. however, an hour and a half ago i spoke to him in the green room and he told me the reception from the interview was so positive he may be able to negotiate with a few landlords to save a few stores. he said fox business viewers from across the country reached out after he said he was looking for a minority stakeholder. he went on air and said if anybody is listening reach out. here's a clip with mitch modell getting personal about was what
1:43 pm
the distress he deals with. >> it was horrible, then we had to tell our office associates to tell them what's happening. and i said listen, were doing it for the whole 4300 families, jobs. >> i got on the phone with the bpo of marketing who gave me a breakdown of the stores they plan to close, that's eight in new york, five in new jersey informed pennsylvania and the remainder would be around d.c. and new england. the ceo did list several reasons for the $50 million drop in sales last year, he said credit got too tight, the warm weather, the lousy local sports teams, six fewer days between thanksgiving and christmas and the big issue vendors were pulling out because credit rating was downgraded and amazon along with many other vendors are going direct to consumers and an example would be nike, they sell a lot of their shoes straight online to consumers. so i asked the ceo and hour ago and asked about the online strategy and that they an plainf
1:44 pm
revamp any stores, he said the number one priority is to get our landlords and vendors and factors on board to support us. they're currently working with rdc and berkeley research group to help restructure, there's 141 stores and let's see if they close 24. >> all of this could turn around if the nets enter mets and yankees have an off the chart season. >> exactly. let's put the blame on the sports team. neil: that's what i'm going with. thank you very much. in the meantime google is refusing to grant access to key documents amid this antitrust glow. it's not that black and white but susan lee has more on the story. >> that's part of a wall street journal report, 48 attorneys launching antitrust investigation into google of whether or not they have too much control over the online search market into much control over online advertising, ken paxton leading this charge and
1:45 pm
in the interview with the wall street journal he says google is resisting the surrender of e-mails and text messages and other documents, google has not agreed to waiver for the state ag to share information and documents with the d.o.j., the department of justice who has their own anti-trump investigation into google and speaking to google in the past hour they say we have surrendered 100,000 pages of information to the state attorney general and its standard practice to discuss the scope of document request but were also concerned with the regular way that the investigation is proceeding including unusual arrangements with advisors who work with our competitors and global complaint displayed one that was named was christina cafaro who was a charles river associates and represented microsoft in the past and news corporation has ownership with fox business, they say microsoft is a
1:46 pm
competitor in cloud and news corporation has complete about google and dominance especially when it comes to revenue-sharing would news corporations and they don't feel this is appropriate and fair if she has access to internal documents and will she share that with the competitors. google for itself has been catching the eye of everybody in seems that the 2020 democratic hopefuls old bernie sanders and elizabeth warren has called for the breakdown of big tech and funding numerous lines on the european side as well. despite all that, if you check on on off about google stock is been unaffected over the past year, hitting record height so far in 2020. we'll see how the antitrust investigation pans out. neil: thank you very much, google with the impression today across the board for most stocks. meanwhile university of southern california is looking for free tuition, how will that work,
1:47 pm
after this. ♪ your mom just texted. she is on her way to our house. what? i got it. alexa, start roomba.
1:48 pm
the lexus es. eagerly prepared for the unexpected. lease the 2020 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer. lease the 2020 es 350 for $389 a month for 36 months. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond.
1:49 pm
and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ]
1:50 pm
it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: the number of african-americans he's talked to in your state and elsewhere are just not impressed because the quality of the jobs is not that great. you've heard that before, what do you say. >> that is ridiculous. >> the way president trump will see a 50% increase in the african-american support, it will go from 8% in 2016 to a minimum of 12% in 2020. neil: he was saying something
1:51 pm
that i buddy charles payne was talking about a long time ago that there is a quiet african-american boat that is good to be much more pronounces go around in four years ago, i think it was 8% to 9%. charles payne joining us now. he is arguably 12%, maybe even 15%, what do you think about that. >> i've been thinking 12% for a long time. i don't think 15 is out aroma possibly, i think one problem the dems will have an turnout, it depends on how ugly things get but i think the turnout of blacks and hispanic voters are going to be very disappointing for democrats and i think president trump will see that. and i think that will be huge. >> within the democratic party you are also seen where the support for joe biden is bleeding a little bit and on
1:52 pm
national polls, he and bernie sanders are close to even, that was an thinkable more than a week ago. >> bernie sanders really has been -- since the heart attack the irony of it all where there was a wake of respectful -- when the other candidates were tweeting good luck my friend but then they were saying good luck get out of this thing. he's come back bigger and better and been more focused to be quite honest and more invigorated if you will. he has become something and i don't think any of the dems are going to get out, they are splitting up all the votes where he can win a lot of the states 30 - 45% of votes and not a majority but the formality and gather whole lotta delegates and again, i know the theme that bloomberg is plotting along with others to take with the superdelegate.
1:53 pm
the debate will be whether having a lead and delegates will be enough to say give him the delegates. >> here's the wildcard theory, i think elizabeth warren might win it in a contested convention. neil: interesting. >> i think so, she's a woman, she's been playing peacemaker, she's raised a lot of money since the last debate, i think she would be the one that can placate the bernie bros to a degree and satisfied the establishment to say let's take it from burning. neil: interesting. if you are wrong on that -- [laughter] neil: thank you my friend. charles payne and up a few minutes. the usc announcing free tuition for student to families have annual income of $80000 or less. back with us mike murphy, contributing editor d roy murdoch. a father of six kids and you
1:54 pm
look at that, that's an intriguing possibly. >> it is. i don't know how they are the set up is. i'm not against it, not my oldest daughter, my second oldest daughter madison is interested in attending ufc. but i don't know how they track and if the giving away tuition to kids who might take her spot if she wasn't to get it i don't how that's working. but i think it's always been you get in based on your merit beside for a few bad actors, you get accepted to the school based on what you've done or what you accomplish. hopefully they keep that there because being unfair to people who have been treated unfairly makes the whole thing unfairly. treat everyone fairly across the board. neil: the logic, you're already accepted, not based on whether your 80000 or less, but you
1:55 pm
students who were accepted, and parents who earned 80000 or less, you're getting a free ride, how will that go. >> i think it's a great idea and a wonderful thing because this private money, not government giveaway. and you don't have to pay back student loans that warren in sanders and a lot of the people in the democratic party. neil: a lot of them have massive endowment, i would take this further, a lot of private foundations like the ford foundation, the trust et cetera they lived under an irs rule that says 5% of money you have to giveaway every year if you put that to harbor, that would be $2 billion after giveaway. they can provide $50000 to free tuition and have a ton of money left over to give students to other schools, give the kids k-12 and other opportunities. these can be used not just by their own students but private money, private management, intelligent oversight and that sort of thing, within a few years the whole student debt
1:56 pm
problem would evaporate. neil: that's a popular issue, not the specific one among the democratic candidates to provide free tuition. this is different but that the popular answer for which republicans haven't responded. >> it seems kind of ridiculous, you cannot just give everything away for free, healthcare for free, tuition for free. neil: just because you're good at math. [laughter] >> it would be nice if added up because somebody has to pay, you want top professors to teach her children that they will expect to get paid, someone has to pay them. just giving everything away for free does not work. neil: i told my son i'm not pulling any strings to get you into that community college. you are on your own. we have a lot more coming up. i want to thank you guys. the selloff that is accelerating and what could be accelerating it after this. ♪ taking care of dad.
1:57 pm
why ameriprise financial? my advisor cares about my personal goals. he gives us comprehensive advice. i feel prepared for what's expected in life and even what's not. she helps us feel confident. we know our financial future is secure. with the right financial advice, life can be brilliant. ameriprise financial. there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america.
1:58 pm
it's more than 10 times faster than some other 5g networks. and it's rolling out in cities across the country. so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in frigid omaha. almost 2 gigs here in los angeles. that's outrageous. it's like an eight-lane highway compared to a two-land dirt road.
1:59 pm
neil: all right, you might have heard there's a caucus going on
2:00 pm
in nevada tomorrow, live we will see you then. now you will see charles payne now, hey, charles. charles: neil, it's getting so excited, i can't wait to watch you tomorrow, my friend. neil: thank you. charles: good afternoon, this is making money, breaking right now the markets retreat into the end of the week but there's bright spots including including inclue latest that we are in the midst of housing boom, mike bloomberg debut was unmitigating disaster, the question is why wasn't he more prepared, i will ask campaign adviser. all that and so much more on making money.

82 Views

info Stream Only

Uploaded by TV Archive on