liz: breaking news, the nation of the markets are watching history on the horizon, the house of representatives as you see on the screen continuing the debate of the impeachment of president donald trump for more than two and half hours, he is charged with inciting interaction with last week's riots on capitol hill. if the vote passes it will be the first time the united states president has been impeached twice. but despite the tension in d.c. stocks are moving higher, kind of close to records but not quite there yet, the dow needs

to hit 29 points for the upside to see a new record in s&p 23-point, right now s&p up 15 and the dow was at 35, were watching this closely, the bulls have continued last year's marathon runs straight into 2021. but the wall street predictions, byron wing says the correction is coming it is one of his annual top ten surprises, he is about to tell you how big the correction will be and when it is coming. plus in the wake of the deadly events, byron is here on whether he is changing one of his dramatic predictions, the one that he made on president trump's post-white house life. stay tuned for vibrant, semiconductor stocks going wild as a new front opens and the chip wars intel, apple, qualcomm and battling it out for silken supremacy but one man stands in the center of competition. ceo simon segar we got a box on business, fox business alert. control debate, continuing at

the hour at the capital. right now we are looking at a toggling between republicans and democrats we have jim jordan controlling the floor for the republicans, jerry nadler for the democrats and as we watch the house debate the impeachment of president trump we do expect the house will formally vote on impeachment sometime this afternoon, that is all we know the arguments for and against coming with fiery passion from both sides of the aisle, here is rhode island democrat david cicilline. >> hundreds of domestic terrorists did what donald trump wanted them to do, they seize the capital and tried to end our country's 234 year experiment in democracy. as the trump family white house aides watched gleefully on television. they searched the halls of the building for the vice president who they came to hang for treason, what are you going to tell your children and grandchildren when they asked what you did in this moment. did you stand for the republic before this president?

liz: republican jim jordan of ohio question the usefulness of the vote considering the president's remaining short period of time left in office. >> seven days of peaceful transfer of power just like there has been every other time in our country but democrats are going to impeach president trump again. this does not unite the country, there's no way this helps the nation deal with the tragic and terrible events of last week that we all condemn. liz: republicans are not totally unified here, dan newhouse, republican from washington state says despite been a card-carrying member of the grand old party, there for him is only one choice. >> these articles of impeachment are flawed. but i will not use process as an excuse, there is no excuse for president trump's actions. the president took an oath to defend the constitution against all enemies foreign and domestic. last week there was a domestic threat at the door of the

capital and he did nothing to stop it. that is why with a heavy heart and clear result i will vote yes on these articles of impeachment. [applause] liz: here's the tally, six republican so far say they will vote for impeachment. as this debate continues, we take it live to the white house with blake burman with whatever surprises, far be it to know exactly what's going on inside the white house but we do know the president has issued a statement. >> we do he issued a little while ago and the president responded to a possibility that there could be more violence in the upcoming days, the president saying in that statement writing in part, i urge there be no violence, no lawbreaking and no vandalism of any kind. of course the presidents behavior before and during the events of last week that have led to the house of

representatives taking up the new article of impeachment, incitement of insurrection and while the top house republican kevin mccarthy says he does not support impeachment on process grounds he laid part of the blame last week on the leader of his very own party. watch. >> the president bears responsibility for wednesday's attack on congress by mob rioters. he should've immediately denounced the mob when he saw what was unfolding. the facts require immediate action for president trump. except his share of responsibility, quail the ruling unrest and ensure president-elect biden is able to successfully again his term. >> as the debate continues in washington, d.c., six republicans and all democrats in the house support impeachment that house speaker nancy pelosi laid out her case. >> we know the president of the united states inside of this insurrection, this armed rebellion against our common

country. he must go, he's a clear and present danger to the nation that we all love. >> at this point it's a win, not how, later this afternoon that it would go over to the senate but the earliest the senate would take that up would be january 19 next thursday the day before the 46th president of the united states takes office with the senate potentially taking up a trial of the 45th president of the united states. liz: of course the 20th, we look at all of this and you have any insight when this afternoon? >> the process as you can see playing out congresswoman south florida area democrat on the floor, it's believe in the upcoming hours, as you mentioned they have been debating for quite some time but this is expected to get wrapped up later

today. liz: blake burman live from the white house. thank you so much. this could roil or rally stocks, such as the houseboat on impeachment this hour. tomorrow jerome powell may indicate the trajectory of bond purchases the fed has used two stimulate the economy during the pandemic and president-elect joe biden tomorrow unveils his stimulus plan, we know those types of numbers move the market. then you throw when earnings season which kicks off friday with the big banks releasing results and potential stock storm. here to tell investors what to tune out and what to focus on as j.p. morgan chief strategist david kelli, we are literally checking second by second it's unclear whether the vote will take place before the closing bell but let's start with that, what you expect market reaction could be like even as it's been well telegraphed. >> that is the key, it has been well telegraphed, i don't expect a market reaction i think the markets have looked through

this, they're making assumption that there is in the end and orderly transition on the 25th of january and we have a new administration and from a market perspective a more important thing, obviously the capital riots are very important in every way for us as a society but the markets more important what happened in georgia the night before because this will give joe biden the ability to put his agenda on the floor on the senate and i think that does suggest more fiscal stimulus, i will be watching very carefully what joe biden is proposing to put through congress in a form of additional stimulus. liz: i totally agree with you on the fact that any stimulus packages going to move the markets because they look at that and they say $2000 checks, $600,000 checks that's more money in the pocket of the consumer, were looking at the dow up only ten points, there is dye ration there and it's a jittery session certainly but let us broaden the discussion beyond the day by day tick by

tick, we saw in september, we saw the consumer price index in december which came out this morning did move higher by 4107%, for those of you don't know what a cpi is indication about inflation at the consumer level. everything is moving higher, you cannot tell us it is not, peter schiff just posted something a change into six months about the price of fresh fruit and vegetables in florida jumping 50%. what should we gleam from that and what if the federal reserve decide it will make a move that makes the bond market. >> i don't think the federal reserve will decide or telegraphed anything right now in the december statement they were very clear about the criteria on which they would raise the federal funds rate and began to tear back the bond purchases. i don't expect jerome powell to say anything different until we see what happens with the fiscal stimulus. on the inflation rate, the difference between tips which are treasury inflation

securities and the nominal bonds, you can see what the market thinks inflations going to be it takes is going to be 2%. it looks like inflation will creep up by april and we will be looking at 2% year-over-year and maybe move higher than that and that's with the fed's target is, i think the fed is much closer to hitting their inflation target then they would be signaling and the real question is how much will they be willing to watch prices go up and watch an appointment go down before they begin to take bond purchases. and were questioning. liz: mortgage applications today jumping 10% year-over-year for the month, this is a big move, tell me and our investor audience where people might want to put their money depending on

what you foresee on the landscape for the economy and the markets. >> let's start with the issue of interest rates, i we do expect to see long-term interest rates move up in the federal reserve or hold the line in short-term rate that means a steeper yield curve and has a steeper yield curve the helps out financials in general and also sections of the economy that will benefit from a big boom in economic activity later on this year which we will see that is one place i would like, second place is overseas, we seen a huge run in u.s. growth stocks but the u.s. stock market is now expansive relative to emerging markets in other developed countries i would want to make sure have enough exposure overseas as a whole global economy gears up as we come out of this pandemic. liz: overseas, not just here in the u.s., david kelli thank you very much and i don't know if you see the airline stocks most of the moving higher right now, tomorrow, best on fox business,

delta ceo ed live right here on "the claman countdown", airlines must the most, he will tell us where he sees trouble going and more importantly will you or everyone who is coming in and out of the country have to have a negative test in hand for covid-19 if you are going to get on the plane. we will ask ed. the ceo shakeup igniting intel shares, they are firing to the top of all three major embassies, we have your play-by-play on the merger move that was quite a blaze under the semis this morning and the ceo of the chip giant 95% of all smart phones have inside, he is here fox business in just a few minutes, closing bell 48 minutes away, the dow is now back up a little more comfortably, 30 points to the upside we're coming right back, don't go away.

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record in today's top stocks, shares of the videogame retailer on a three-game hot streak after adding cofounder ryan cohen and his two allies, he has really been an activist urging game stop to ditch its brick-and-mortar model and saver of a renewed focus on online sales which of course is a huge expert at. game stock is up 64% right now standing at $32.82, today's swing coming courtesy of a short squeeze of short interest in the video gaming console sellers search past the number of outstanding shares in the market last week. 2020 as you know has been the year of gaming, social distancing to cold and people sat on the couches with the joysticks. nintendo grabbing a huge part of that explosion it is up 63% in the past 52 weeks the maker of the switch hoping to parlay its pandemic success into real life

when super nintendo world opens up at universal studios in japan, that will be on february 4, the virtual tour of the literal dream of every child born in the 80s is now available online. nintendo moving back a little bit today, universal owned by comcast. grub hub taking hits as a parent company just eats leaves its investors after disappointing guidance on margins, grub hub is down 4% but not all hope is lost and for you thin mint lovers, for the first time ever girl scout cookies will be a part of the grub hub lineup. you can order them online, covid-19 putting the kibosh on door-to-door sales with a highly coveted annual treats. there is a new one called the toast yay french toast flavored. apple electric vehicle juicing up ev american maker canoe, the

verge reported that apple has approached the new regarding its branded car ambitions. no wonder canoe is up 8.3%, apple according to reports last week has held talks with hyundai for a possible partnership. hun they did well for a while but pulling back by 5.5% ironically hyundai is working with canoe to develop a easy platform. by the way canoe as good as it looks has been up 20% yesterday, hyundai was a little poor and apple moving higher by 1.6%, wedbush predicting record iphone sales this year. i shakeup the intel ceo bob swan whom i interviewed on countdown and they getting replaced by tech industry veteran pat at the home of the chip giant, intel leaving its gains on all three major industries, dow, s&p and

nasdaq on that news. let's get to ashley webster, pat has been a great friend to this network and a really smart guy, this is a very short-term for bob swan. >> yes it certainly was and for pat, it's a coming home after previously serving 30 years at intel as a key engineer in the analyst say he is the person best suited to try and fix intel's manufacturing crisis, the intel stock down 10% over the last 12 months, bob swan as you mentioned the outgoing ceo has been leading the chipmaker for two years after serving the cfo, critics said he had no technical or engineering background which hurt him. swan was unable to turn around previous missteps made by chief executive brian he resigned in 2018. a lot of turmoil at intel at the top. intel has been losing market share to a&e back in the summer intel's latest generation chips were delayed while amd was already on the market, that was

a real black guy and on top of that you may remember the 15 year partnership with intel announcing we use its own chips inside. >> computers. activist hedge fund investor dan has a billion-dollar stake in intel, he has been criticizing the company for its loss of manufacturing leadership but following the news of swans exit he called him a class act saying he did the right thing by stepping aside and said he did the right thing but all stakeholders by letting pat come in and take over. intel says it expects fourth-quarter 2020 revenue and earnings to exceed prior guidance but that is a separate issue, job number one will be to fix the companies manufacturing woes. liz: yes, always, you've got to get in there and be the

operations guy and the chief cheerleader trying to get the staff on board, thank you very much, the ceo at the center of just about every smart phone on the planet earth and that again is not hyperbolic, 95% of all smart phones joins us on fox business in just a moment, simon segar's, the company is being acquired by nvidia, there is huge stories to talk about on where arm is moving next whether a.i., smart phones and much more. but first, blackstone's vibrant and we have seen all the markets from the pandemic to orion on capitol hill to renewed big tech and social media backlash. even he has not seen anything like 2020 or the first week of 2021. the investing legends annual surprise prediction is always one of the hottest reads in the marketplace, he is going to give

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liz: a second ago, i don't know if you saw this but the dow did turn negative for a minute, were back about 53 and have points as you see on the left-hand side of your screen we do have debate continuing about the impeachment vote which could come this afternoon, we know it will that's been expected but we don't know the exact timing, we now have the much awaited list, the list of all wall street everywhere, blackstone vice chair byron wayne comes out with

this 2021 or annual surprises, what he sees in his crystal ball, where the stock market is going and what will happen to certain sectors including big tech and social media telsa, you need it he's a leading private equity with 584 billion under management, let's go rapidfire, happy new year, great to see you. markets are seemingly holding their own at the moment but do you see in your surprise predictions a correction, by how much and when? >> these things always go further than you think, i think it'll be more than ten but not as much is 20. i think it's setting up for right now and the reason the

market is very off to a rocky start with the vaccinations and i think it is doing well and do better in the second half i think we will have a correction in the first half. liz: will not be in a buying opportunity? >> absolutely in the stocks will benefit the most in the stocks that will recover the smallest, i would invest in hospitality stocks, agencies, i would invest in the airline, the rally is only a part of the move, the biotech and big tech and they're not unattractive the real

opportunity of energy, hospitality in the airspace transportation. liz: hospitality has gotten absolutely crushed, energy, hospitality, airlines among others, let me get the treasury yield over the past couple of weeks they have top 1% that is the highest in nine months, eight months and were looking at ten months, when do you foresee the ten year treasury yield rising to 2% were at 1.09 right now. >> i think during the year we are going to get to work close to 2% yield and that will probably happen pretty soon because the completion is beginning to pick up there is no inflation in real estate. what were seen particularly the industrial. liz: i want to ask about big

tech obviously in the past week i'd really come under the microscope at the republicans were attacking it and the democrats are attacking it, what you perceive her big tech and i'm talking facebook, google, twitter all these names of the people depend on to get their messaging out. >> people are really hurt by these companies, the justice department's trying to do is break them up, i'm not in favor of breaking them up, if you want to have more surveillance, more regulation, i support that and there is no reason to break them up, i don't think are anticompetitive. liz: big tech is all up to date, tesla's 2020 huge winner and that has continued i know you watch that stock closely what is

the fate of elon musk in his auto empire. >> he would require another auto, tesla has a market value greater than all the auto companies put together. and what we said you would use a third of the stock and cash to buy another auto company. as soon as possible's came up i got e-mails of friends of mine who are big tesla shareholders that said elon musk would never do that he said go it alone. liz: but you say it is going to happen and finally your number one surprises 2021, your number one surprise of 2021 is that trump will launch trump tv once he leaves the white house, you made that surprise on your list before last week's deadly riots,

are you changing your view on that at all and if so why. >> i don't think that's going to happen, it was only a 50% possibility, the events of january 6 moved and i think trump they have to take lead on january 20. liz: you heard it right here, byron has just changed his number one surprise of 2021 because the list came out shortly after the new year he no longer says that trump will launch trump tv. thank you, it's great to have you and happy new year. we appreciate you coming on. if you own a smart phone, you

most likely have an arm chip powering it but what are the regions of the tech world, is the reigning king of smart phone chips looking to conquer next. simon segar is on that question on the fox business interview he is live in the closing bell 27 minutes away, the dip into negative territory but were back into ten points, we gotta find out how many times the dow has gone past the line here statehood we're coming right back.

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liz: breaking news the house debate on president trump's impeachment ranging for more than three full hours, you are looking at house majority leader, democrat of maryland speaking right now after the debate wraps, they have been ping-pong in between democrats and republicans. the article of impeachment follows, senate majority leader mitch mcconnell putting speculation to rest, he has just

said he made no final decision on how he would vote in an impeachment trial, i fail to see how the output speculation to rest, that only whips up speculation, doesn't it, has not said one way or the other we are watching it closely and we promise we will interrupt because any news will move the market, in the meantime qualcomm shareholders have got to be happy in the final hour, the stock is off session highs up 1.67% with about 23 minutes left before the closing bell rings, this morning is announcement that qualcomm is buying startup new via for $1.4 billion. today's deal comes as qualcomm upsets challenged intel, apple and nvidia in the contest for chipmaking sectors big glittering crowd, nvidia ahead of the game making his own a couple of months ago by

acquiring arm holdings from softbank, arms chips are 95% of the world smart phones. but where is the world of smart phones really going, what will they be able to do and what more does arm want to get into with this point. the ceo simon segar's joins us live first on fox business, great to see you, happy new year. what did you think of qualcomm news, it only means that there is more consolidation in space, what is that say about semi conductor world. >> whatever is how much activity that is done in the sector right now and how much work is going on to innovate and create new products. by qualcomm bringing, they got more design capability that can put to work to create great products that will mean the next generation that we go find in the stores is even better. i think this is a reflection of how active the semiconductor

industry is right now innovating and producing new products. liz: i do not want to get into the weeds of nvidia arm deal because you can't at this moment you have regulators all over the world looking at it, the uk regulators is concerned taking a look at the competition that it may squelch in the united kingdom but overall what is your sense do these acquisitions and mergers become a betterment for people who are using technology more and more. liz: i think what is clear the technology is getting much more sophisticated and complex, utilizing the technology that we build chips from is a hard thing to do and in each scale, as we look forward with the next generation competing how it will be driven by the analysis and how a.i. technology will be essential for that for nvidia to bring together the strength of two companies so we can create

products to go and address the new need for advanced computing. a lot of the acquisitions are to bring on the skills and the talent together to allow us as an industry to create a next-generation of solutions which will be way more complex than what we seen in the past. liz: obviously this is the week of cbs but it had to go virtual due to the pandemic but we had the president of lindo north america on yesterday and he specifically referenced how the pandemic turbocharged innovation because people were scrambling to buy up everything in techworld to work from anywhere not just work from home they have these glasses they unveiled that are for business in the enterprise world where you can actually see five different screens superimpose because who has space on their desk or money to buy five different computer screens, what you foresee, what are you guys looking to innovate

most. >> enacts an example one of the areas were innovating we are looking at something like that which is really intense and you want to run a small battery because it's been hanging on your head, that area of reality is one of the areas in which were innovating, it's been interesting some of the emphasis of 5g and the progress it's been made through the last year and we see that as a real foundational basis on which of these technologies are going to grow. as much as refocusing on continuing products and smart phones we are looking forward to the future of a.i. in conjunction with nvidia and were also working on technology to enable the efficient deployment of ig and all the things that will connect to that network which really is a game changer. liz: we have a new

administration coming in and the white house and we know you have been doing business with chinese telecom giant huawei you had to stop doing that while the commerce department in president trump has left sanctions on any company that wanted to do business with huawei what is the status of that and how do you view doing business with chinese telecoms right now? >> the regulations are there we like any other tech company need to make sure that we complete in alignment of those regulations and we watch it closely and pay complete attention to it and china through this year has performed well and obviously within the constraints of the regulations in which we are around the world we have seen a lot of innovation going on in that market as well as others and we are supplying technology to go to these chips. it is one of the things that we have to deliver as part of a technology company operating around the world but were doing

that in our business continue strongly. liz: simon will you come back when the deals complete notice i said when not if, we would love to have you back. >> i would absolutely love to come back. liz: simon segar's, multibillion dollar company that began 30 years ago in a barn in the field of the united kingdom. amazing capitalistic story, dow jones industrial up 29 points, we are coming right back. ♪

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one point to billion dollar ipo of the online lender to e-commerce shoppers more than doubling in the nasdaq debut. after pricing above range at $49 a share last night it popped right up above 90 at the open. today's trading action pushes it above the 22 billion-dollar market, right now shares of a firm stand at $96.81 that is a gain of nearly 100%, president trump's term may end officially in one week but his legal challenges far from over impeachment just the tip of the iceberg, charlie gasparino joining is now on the president's plan of attack post-presidency. >> the impeachment is low-end of the worries of president trump, from what i understand sources are telling fox business network inside bantu poses the biggest challenge and threat to trump from a legal standpoint, looking

at the president for tax fraud, for bank fraud specifically and insurance fraud, that is where the big danger to donald trump is, that and the fact he is going to have a hard time making money going forward since many businesses are cutting ties with him and his organization following last week's riot and capitol hill, the fascinating thing about this, he will apparently have money for a legal defense and more than enough, here's what you're hearing -- excuse me from sources in the campaign-finance world, the president in various committees around him particular postelection day raise millions of dollars in terms of efforts to overturn the election, that money can be used for just about

anything including his legal defense. we are talking about tens of millions of dollars here in the final tally will not be known until january 31 when the sec -- when these entities have to report to the ftc. here is something that is interesting and related to this, as everybody as you know a major investor, member of trump's moral lago golf club, chairman of marvel worth approximately $4 billion, sources have confirmed to fox business network is in late october he gave a $25 million contribution to one of trump's soft money entity packers or so. that money at least theoretically and remember this is late october, the election was on november 5 can be used theoretically as part of this if it's left over can be used as

part of the legal defense money. we should point out the money was an earmark for legal defense i am told, it was given for the trump campaign and is obviously 25 million which is a huge chunk of change and an contribution limits on hard money is something like $2800 we're talking 25 million, it is very fascinating, we have that piece confirmed it was given to the trump campaign not for specifically legal defense, it was given just before the end of the campaign i have been told. it's a lot of money out there splashing around as you can tell and it'll be interesting to see what actually happens with this money when the president leaves office, we should point out the presidents loiter jay sekulow had no comment, a spokeswoman also had no comment. back to you. liz: thank you, interesting story, breaking news the house

is voting on the impeachment of president donald trump he faces one charge of inciting insurrection in to last week's deadly violent protests and riots at the capital, we do expect the voting to take somewhere between 45 minutes to an hour, the house still voting with pandemic rules and social distancing in place, the house is currently at 433 members, 217 votes is the magic number in the house, we are going to keep an eye on the numbers as the members of the house cast their votes right now check the dow is up ten points, we have the nasdaq up 61, the s&p is moving higher right now, we are coming right back. stay with us. ♪ incomparable design makes it beautiful. . .

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this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪. liz: so i told you that the dow was moving all over the place up and down the flat line. it has crossed the flat line 134 times today indicating how

indecisive the markets are at this point. on the right side of your screen we do now have the vote happening as we speak, agreeing on the resolution to impeach president trump. the key number 217. it us expected to hit that number because of course democrats control the house. we do have green on the screen for the dow, the s&p, and nasdaq, but no records right now. russell and dow transports which hit records yesterday are moving slightly lower. 2021 starting the year of the bull. jpmorgan says it will stay that way with stocks holding still below the levels of the financial crisis. ryan dietrich, 719 billion of assets under management. ryan, where are you putting your money in such wild times? >> liz, first off, happy 2021. the bottom line we still think this is a major secular bull market. we think stocks will outperform bonds. everyone says, hey, what do you

like, growth or value, you have to pick one? we think both look pretty good. on the growth side of things, technology and health care got to us the party. a lot of earnings growth, we like those. but on other side of things, cyclical values, financials, industrials, materials, really as the economy opens up those look good. kind of a two-pronged approach sticking to the u.s. we like emerging markets. literally gone nowhere for 13 years. i think that is a good thing. they're finally starting to break out. that is a place a u.s. investor can look for diversification and outperformance for emerging markets as weed head into 2021 and 2022. liz: especially tomorrow, president-elect biden, ryan will release his stimulus plan. what do you think if it happens and will be a big one as it is expected to be? >> you're right. it is expected to be. you have maybe sell the news. we know a lot of stimulus is coming monetary or fiscal. earnings season is starting up

also. a lot of companies have actually increased guidance here in the fourth quarter. [closing bell rings] we're looking for another solid earnings season with earnings up 25% which should justify, gains of 70% since the lows. maybe a little stretched. liz: got it. ryan dietrich. he is running with the bulls. that will do it for us. it is time for "after the bell." connell: we're watching this vote on capitol hill. lawmakers are currently taking their stand. they're voting whether to impeachment president trump for a second time. the charge? incitement of insurrection. it needs 217 votes for adoption. the vote is open on the floor right now. we expect to have it resolved sometime in our hour of coverage. we're watching that. wall street watches all day. tensions in washington certainly weighing on things. we're off the highs of the close. the dow needed to be up 29 points to set another record high. it was at one stage today, but closes lower by eight points.