we'll have you back. all right, folks, as we look at the dow it is pulling slightly back. [closing bell rings] remember for the s&p you have 30 and the nasdaq is it a record in too close to call. nasdaq up 199. needs to be up 203 once things settle. i will send it over to connell mcshane for. connell: liz, it is president trump's final full day in office. we will hear some of his remarks to the american people. they have been recorded. the white house plans to release them and we'll play them for you as soon as it happens. that comes as the president-elect joe biden arrives here in washington. he will be sworn in as the 46th president of the united states that will happen less than 24 hours from now. at the close of the stock market we have gains on the screen. stocks have been climbing. the hope seems to be that

stimulus will be put in place rather quickly. the biden pick to lead treasury, janet yellen, telling lawmakers in her words, congress must act big to help the economy and that is helping the market. the dow, the s&p, near record territory. the nasdaq came very close this afternoon to set another record high. need to be up a shade over 200. ends up higher by 199 points on the day. let's look at netflix before we get things rolling. that is the stock of the hour. the first of the tech titans to report. investors are watching as they always do with netflix very closely to see how many seib desires the company will add. the stock closes at 501.77. great to be with you as always, i'm connell mcshane live from washington. this is "after the bell." time for news happening this hour. our fox business team coverage, blake burman on the white house north lawn, hillary vaughn in capitol hill, and edward

lawrence also in washington and cheryl casone reporting on the netflix earnings. she is back in our new york newsroom. let's ginsengsly right behind behind me with blake. the president-elect made comments on his way to washington this afternoon. reporter: come to washington 300 yards over your right hand shoulder. we're expecting president-elect biden soon to be the 46th president of the united states landing here shortly. he took off from the home state of delaware half an hour ago t was a short, but very emotional farewell speech for the president-elect as left his home state giving a speech at a naval station or a revive station named after his late son beau. listen. >> well, excuse the emotion but when i die, delaware will be

written on my heart. i am proud, proud, proud, proud to be a son of delaware and i am even more proud to be standing here doing this from the major beau biden facility. ladies and gentlemen, i only have one regret, he is not here. reporter: clearly a speech there from the heart. you can see the tears rolling down the eyes of president-elect biden, the plane arriving at joint base andrews. as i mentioned we expect to see the president-elect here in washington, d.c. shortly. coming up next hour, connell, the president-elect will be joined by the vice president-elect as well. they will be heading just that way over to the lincoln memorial where they will have an event, a memorial, a service to talk about and dedicate to the lives of the 400,000 americans that have lost their lives during the covid-19 pandemic.

connell? connell: yeah. we topped that number today, blake. as we're watching this video, joint base andrews we move on to the netflix earnings that are crossing in a moment. one note this, is a private jet that the president-elect flew from wilmington. it is not a u.s. government plane. because we're told that president-elect biden did not request a u.s. government plane as many do on their inauguration. that is the story. we're hearing from the man who is still the president, these recorded remarks from president trump? reporter: 19, 20 hours left in the trump presidency. we'll hear from the outgoing president, connell, as the white house is set to release a video from the president. to give you a couple of excerpts we expect to hear from the president, president trump will say from the following this week we inaugurate a new administration and pray for its success keeping america safe and prosperous. as i prepare to hand power over

to a new administration on noon yesterday i want you to know the movement we started is only just beginning. the president will mrs. in these remarks tout the economy. he will say he stood up to china and he signed peace deals in the middle east while bringing troops home from that region. the president will have a good biceremony tomorrow at that very same location, joint base andrews, in maryland, not too far from the white house. president trump because he will be the president at that time will be flying air force one down to florida, what will be his new home, mar-a-lago. we will see the events up on the capitol to swear in the 46th president of the united states which will be joe biden who you see in that jet there landing at andrews. connell? connell: unique circumstances to put it mildly. we'll stay on top of all of this. thank you, blake. a "fox business alert" right now from the earnings world. i want to get the netflix numbers on. very, very important figures in the world of technology. the stock after the company reported just momentings ago is

up more than 8 1/2%. let's bring in carol casone in the newsroom. reporter: estimate was a buck 39. they came in shy of that, only coming in at a buck 19. the revenue was a tiny, tiny bit. revenue estimate at 6.63 billion. they came in at 6.4 billion. as the subscriber number, this is why the stock is jumping be clear its all about the subscribers. 8.2 million new subscribers in the fourth quarter. the highest number which i had seen very l which is very important to the analysts on the street was only 6.9 adds. new shows we talked about yesterday. how smart are we? "the queen's gambit." 62 million households watched that in the first 28 days. they're talking about "the crown," the first 28 days. how they measure a show is a hit as well as "the crown."

they had 72 million households watched that show. productions are up and running in most of the regions they actually film. they're also talking about q1 and giving us revenue projections for the current quarter we're in q one of 2021 saying we will have 7.13 billion in revenue. so pretty much, some pretty nice numbers coming out of netflix right now, connell. back to you. connell: that 7.13 is bet belt on revenue for the current quarter. cheryl, this obviously has been as we talked about some times one of the stocks or stories of this pandemic. so many of us sitting at home watching netflix but that subscriber number, even with all of netflix put up, that is a huge number. they guided us six million. to hit 8 1/2 is huge for netflix. reporter: the highest analyst estimate i saw was 6.9 million adds. that is big. they are just let you know looking down the headlines are

still rolling this, might be interesting to people at home, they bring up the new feature, go on the netflix account you can play something instantly they choose for you. a lot of times you go on to netflix you start to browse, they give you suggestions. you scroll through it. you can make a new feature to click on it. that will be sometime first half the 2021. again they're being very bullish about the current quarter that we're in. connell: they get me hook, line and sinker. i'll watch it if it is good they suggest it. 2.97 per share current earnings in the quarter is also better than expected. thank you, cheryl. we'll be back to netflix. see you throughout the hour. very big number for the company. how to divide power? leaders mitch mcconnell and chuck schumer meeting discussing we presume how would be to move forward in what would be a split senate. move to capitol hill. hillary vaughn with details on capitol hill. hillary.

reporter: mcconnell and schumer met for 30 minutes this afternoon, all schumer would say as he headed out of mcconnell's office they talked about a whole lot of issues. one thing the democrats are trying to map out right now is a strategy to dark kel everything from biden's cabinet confirmations to how they will navigate the 50-50? the senate. what committees republicans will keep control of and what committees will switch to democrat coal. how to get a vote own biden's $1.9 trillion covid relief package with a looming impeachment trial on the horizon. there is concern that a trial could delay day one priorities for biden like getting his cabinet through but senator richard blumenthal said today they can do both. >> i hesitate as a former trial lawyer to predict the amount of time of any trial but i think in a matter of less than a week certainly. matter of days. the he have primarily is that of

donald trump's own mouth. reporter: but some senate republicans think democrats are walking a timeline tightrope. >> speaker pelosi as control over the articles of impeachment. under the senate rules once the articles come to the senate, it displaces any and all other business. that means the president elect wants to see his cabinet officials confirmed, if he wants to get additional covid-19 relief to the american people, he won't be able to do that until the, until the trial is concluded. reporter: connell, speaker pelosi was asked when she is sending the articles of impeachment over to the senate. she would not answer. right now she is focused on the inauguration. connell: let's dig a little deeper, hillary on that issue of timing, to your point it is very important. if you're being realistic people you're talking to if you bring out the calendar, how long might it take for congress to get down to things what the senator is talking about, passing covid relief at this point?

reporter: connell, they have to take effective control of senate they still need to swear in the new democratic senators. fox news learned former vice president elect kamala harris resigned on money, she will reher replacement, former california secretary of state alex padilla and georgia senators rafael warnock and jon ossoff. they have to get through the impeachment trial and they have to work through for the american people like covid relief. president-elect biden wants them to start tackling on day one. some senate republicans key negotiators need to be a part of covid relief discussions saying biden's team has been mia. senator susan collins told reporters that no one from biden's team reached out about his covid plan saying, i have not, which surprises me, i have had two discussions with high level staffers but neither have been substantive.

biden does need 10 senate republican votes to get a covid bill through but some democratic senators are encouraging him to use other ways to try to muscle legislation through, one is through reconciliation. that is what senator bernie sanders told reporters just within the last hour. he wants biden to do. connell? connell: 51 votes rather than 60. thank you, hillary vaughn on capitol hill. congress took up the first of joe biden's nominations today, the day before he takes office as president. we're especially focused on the confirmation hearing for treasury seg tear designate janet yellen who was fed chair under president obama. edward lawrence has been monitoring proceedings throughout the day. reporter: janet yellen testified to a new plan on old adage attached to democrats. she says the biden administration will spend, tax, and spend some more. yellen adds the first priority is not raising taxes but that will be coming.

>> we shouldn't think about tax increases in the abstract. i think any, anything that is proposed should be focused on corporations and on high income individuals. reporter: she will likely be confirmed on thursday with bipartisan support, still, there was a lot of pushback today. >> do you agree that raising taxes while the economy is still recovering from the pandemic is a bad idea? >> senator, the focus right now is on providing relief and on helping families keep a roof over their head and food on the table and not on raising taxes. reporter: yellen was pressed over and over on the spending that she pledged. she pledged to be a voice for fiscal sanity in the administration but she adds that

there is a but to that. she says we can afford to spend more money now because money is cheap with interest rates being low. yellen argues without a acting big there will be permanent scarring to the economy and when she says big, she means the $1.9 trillion relief package and then passing the next multitrillion dollar package that is a recovery package after that. back to you. connell: when she says big, she means big. you say, so that is the story with janet yellen edward. who is up next in terms of confirmation hearings, do we know? reporter: a numb i about of them. actually five hearings were going on today as we speak. we know janet yellen will come to the full senate on thursday. there will be another hearing a preliminary hearing on thursday but again five of them went today, a number of the security folks did go today. but yellen will be the first it looks like actually possibly be confirmed with a thursday morning target. connell: edward, thank you.

edward lawrence live here in washington. white house right behind me. president trump still in there. he recorded a fairwell message to the american people yesterday we're told. we're about to bring that to you in just a moment. so stand by for that. back to joint base andrews as well at this hour where the president-elect of the united states, joe biden has just landed. he is set to speak at a covid memorial event this evening here in our nation capital. they are waiting for the president-elect and his wife to come out out of the plane at andrew. that is a live picture. we're staying on top of these developments. we'll also relive the challenges in the pandemic we've been focusing on. we'll talk to a business enter from ohio, one of the small business we spoke to who had to adjust to keep his brewery afloat. >> it has been a year unlike any other. nothing we could have ever expected. just like any other thing you have to be able to adjust to it.

to find new and inventive ways to keep your business going. connell: plus there is a roadblock to obtaining a vaccine. some hospitals and nursing homes in rural areas, they still don't have access, this is a month after fda approval. we're live in rockford, illinois with more on that story. here in washington our nation's capital on high alert. >> many of these businesses would be absolutely packed in a normal inauguration year but this year is anything but normal. our special coverage continues from here in washington just a moment. ordered? a backache. consider pain, delivered. pain says you can't. advil says you can. did you know you can go to libertymutual.com to customizes your car insurance so you only pay for what you need? really? i didn't-- aah! ok. i'm on vibrate. aaah! only pay for what you need.

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it is being billed as his farewell address for the american people. we'll play that back in just a moment. and we're doing so as this city is really on high alert. can't emphasize it enough, just a day away from the inauguration. officials have been increasing security at our nation's capital now for days. the pentagon added to that today with announcement that 12 national guard troops have been pulled from duty with more reporting on all of this, fox's rich edson joins us live. rich? reporter: good afternoon, connell, and there are 25,000 national guard troops who are scheduled to be in town. the pentagon said they are reassigning or moving off the assignment protecting the capital 12 of them for different reasons. the pentegon what they're saying they are vetting or doing reexaminations of those who are here in town. the pentagon says this is all part of a routine process especially since this is an event that is going to involve the president of the united states. as for specifics why they are

sending or relocating those 12 members, officials refused to say. >> we've had 12 identified and some of those, they're just looking into, it may be unrelated to this but we want to make sure out of an abundance of caution as i stated earlier that we do the right thing until that gets cleared up. all i will say with those two individuals was inappropriate comments or texts put out there. reporter: now the national guard says they have members here from all states and territories including washington, d.c. this is a city that is on lockdown. you have roads and bridges closed, a massive security perimeter around the capital, and the white house, around the national mall. it's a mess trying to get anywhere in d.c., even if you go away from the security perimeter, all the traffic is backed up well into the city. why local officials are saying if you don't have to get around here, just stay home, connell. connell: really is amazing when you see it, like anybody ever

seen anything like this in downtown washington, or any major cities. bringing information on the national guard troops, rich. there are still concerns stemming from january 6th, the attack on the capitol? reporter: there is. this is specifically about the pipe bombs that were related to that day. remember on jon january sixth, the day the mobs riot the at capitol, there were bombs around the democratic national headquarters, the republican national headquarters, according to a law enforcement source, an fbi briefing to law enforcement says they're still trying to figure out who is responsible for those pipe bombs and they are concerned that person may still be out there. that is very much part of what they're looking for here in d.c. ahead of tomorrow's inauguration, connell. connell: a lot to keep an eye on. rich edson live for us here in washington. also here today, secretary of state mike pompeo making some news. i will get to that in a moment.

this is actual live from joint base andrews. do we have audio, jamie of president-elect? joe biden just come off the plane. if we can listen in to the comments we will. otherwise we will show them to you. just moments ago he deplaned in washington and i don't think which can really hear anything because the cameras are too far away, pool cameras feeding audio to us. the president-elect standing next to his wife jill, other members of the biden entourage and family meeting there with members of the military, joint base andrews. they will be motorcaded in here to downtown washington any moment. we're hours away now from joe biden being inaugurated as the 46th president. let's listen briefly? >> [inaudible] >> mr. president-elect? connell: we'll not get any comment from the president-elect

in that particular situation. the reporters pooled at andrews shouted questions in that direction but he is not taking the debate. while he is watching these pictures we're waiting for president trump's farewell address we'll play back in a few minutes. that address similar to the first lady melania trump, was recorded yesterday. they recorded their fairwell addresses in the white house and then held them for a day in the president's case. first lady's was released yesterday. we'll play it back. now president trump will make more comments tomorrow at the same location you're looking now, joint base andrews. he is going there early in the morning to leave washington, d.c., to land in his new adopted home state of florida while he is still president. because he will land, we're told, it was priority from the reporting we have at least for this president, to land in florida while he is still considered president, flying aboard a plane designated as air force one. that will happen before joe biden is sworn in before

noon tomorrow. we'll stay on top of that. let me get back to the story i mentioned about mike pompeo, the secretary of state, he made quite a declaration, that the chinese communist party's actions against the uyghur muslim population in is a genocide. reporter: secretary pompeo's last day in the state department. the trump administration making a move to lock in gains made against chinese government. the state department formally accusing the chinese communist party of genocide. take a listen. >> this is forced sterilizations, forced abortions, things we haven't seen awfully long time in this world. we conducted a exhaustive review of the facts, made the determination that the fact that the chinese communist party committed these crimes against humanity. continue to deny these people, not just the uyghur muslims but

other people as well in similar capacity. reporter: this is continuation of the trump administration to hold china accountable for the coronavirus pandemic and a trade war that so far caused the u.s. economy $315 billion. >> china's pattern of misconduct is well-known. reporter: national security forces tell that the declaration is a big deal. the administration is accusing the chinese government specifically committing crimes against humanity. in the past the u.s. federal government has always been reluctant to blame foreign governments directly. now the biden's team treasury secretary nominee, that's janet yellen in a hearing stopped just short of using the "g" word to describe china's action against ethnic minority uyghurs in the province only would go so far to say they are guilty of

horrendous human rights abuses. every single one of president trump's cabinet secretaries are condemned china's treatment of uyghurs in the shen sank province. whether the biden administration will continue to carry the ball and run with it. connell: that is quite announcement. as we continue our coverage, apple is temporarily closing its locations. announcing all the stores in north carolina and georgia and majority of texas stores will close for at least the next week because of each area's covid spikes. all 53 stores in the state of california are currently still closed. they shut down in mid-december. that is apple. take another look at netflix. that was the breaking story at the top, close to the top of the hour when it reported solid earnings results. the stock after the bell has extended its gains up by more than 10% saying it is close to free cash flow and would explore ongoing stock buybacks among the

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connell: "fox business alert" of the as we come back. here now is the video as we promised recorded yesterday. president trump's farewell address from the white house. >> keeping america safe and prosperous. we extend our best wishes. we also want them to have luck, a very important word. i would like to begin by thanking just a few of the amazing people who made our remarkable journey possible. first let me express my overwhelming gratitude for the love and support of our

spectacular first lady, melania. let me also share my deepest appreciation to my daughter ivanka, my son-in-law, jared, and to barron, don, eric, tiffany and lara. you fill my world with light and with joy. i also want to thank vice president mike pence, his wonderful wife karen and the entire pence family. thank you as well to my chief of staff mark meadows, the dedicated members of the white house staff, around the cabinet and all of the incredible people across our administration who poured out their heart and soul to fight for america. i also want to take a moment to thank a truly exceptional group of people, the united states secret service. my family and i will forever be in your debt. my profound gratitude as well to everyone in the white house military office, the teams of marine one and air force one,

every member of the armed forces and state and local law enforcement all across our country. most of all i want to thank the american people, to serve as your president has been an honor beyond description. thank you for this extraordinary privilege and that is what it is. a great privilege and a great honor. we must never forget while americans will always have our disagreements we are a nation of incredible decent, faithful and peace-loving citizens who all want our country to thrive and flourish and be very, very successful and good. we are a truly magnificent nation. all americans were horrified by of the assault on our capitol. political violence is an attack on everything we cherish as americans. it can never be tolerated. now more than ever we must unify around our shared values and rise above the partisan rancor

and forge our common destiny. four years ago i came to washington as the only true outsider ever to win the presidency. i had not spent my career as a politician but as a builder looking at open sky hines and imagining infinite possibles. i ran for president because i knew there were towering new summits for america just waiting to be scaled. i knew the potential for our nation was boundless as long as we put america first. so i left behind my former life and stepped into a very difficult arena but an arena never the less with all sorts of potential if properly done. america had given me so much and i wanted to give something back. together with millions of hard-working patriots across this land we built the greatest political movement in the history of our country. we also built the greatest economy in the history of the world.

it was about america first because we all wanted to make america great again. we restored the principle that a nation exists to serve its citizens. our agenda was not about right or left. it wasn't about republican or democrat but about the good of a nation and that means the whole nation. with the support and prayers of the american people we achieved more than anyone thought possible. nobody thought we could even come close. we passed the largest package of tax cuts and reforms in american history. we slashed more job-killing regulations than any administration had ever done before. we fixed our broken trade deals, withdrew from the horrible trans-pacific partnership and the impossible paris climate accord. renegotiated the one-sided south korea deal and we replaced nafta with the groundbreaking

usmca. that is mexico and canada, a deal that has worked out very, very well. also and very importantly we imposed historic and monumental tariffs on china, made a great new deal with china. but before the ink was even dry we and the whole world got hit with the china virus. our trade relationship was rapidly changing. billions and billions of dollars were pouring into the u.s. but the virus forced us to go in a different direction. the whole world suffered but america outperformed other countries economically because of our incredible economy and the economy that we built. without the foundations and footings it wouldn't have worked out this way. we wouldn't have some of the best numbers we've ever had. we also unlocked our energy resources and became the world's

number one producer of oil and natural gas by far. powered by these policies we built the greatest economy in the history of the world. we reignited america's job creation and achieved record low unemployment for african-americans, hispanic-americans, asian-americans, and women, almost everyone. income soared, wages boomed, the american dream was restored and millions were lifted from poverty in just a few short years. it was a miracle. stock market set one record after another with 148 stock market highs during the short period of time and boosted the retirements and pensions of hard-working citizens all across our nation. 401(k)s are at a level they have never been at before. we have never seen numbers like we've seen and that's before the

pandemic and after the pandemic. we rebuilt the american manufacturing base, opened up thousands of new factories and brought back the beautiful phrase, made in the usa. to make life better for working families we doubled the child tax credit and signed the largest-ever expansion of funding for child care and development. we joined with the private sector to secure commitments to train more than 16 million american workers for the jobs of tomorrow. when our nation was hit with the terrible pandemic we produced not one, but two vaccines with record-breaking speed and more will quickly follow. they said it couldn't be done but we did it. they called it a medical miracle and that is what they're calling it now, a medical miracle. another administration would have taken three, four, five, maybe even up to 10 years to

develop a vaccine. we did it in nine months. we grieve for every life lost and we pledge in their memory to wipe out this horrible pandemic once and for all. when the virus took its brutal toll on the world's economy we launched the fastest economic recovery our country has ever seen. we passed nearly $4 trillion in economic relief, saved or supported over 50 million jobs and slashed the unemployment rate in half. these are numbers that our country has never seen before. we created choice and transparency in health care, stood up to big pharma in so many ways but especially in our effort to get favored nation clauses added which will give us the lowest prescription drug prices anywhere in the world. we passed va choice, va accountability, right to try, and landmark criminal justice reform.

we confirmed three new justices of the united states supreme court. we appointed nearly 300 federal judges to interpret our constitution as written. for years the american people pleaded with washington to finally secure the nation's borders. i am pleased to say we answered that plea and achieved the most secure border in u.s. history. we have given our brave border agents and heroic i.c.e. officers the tools they need to do their jobs better than they have ever done before and to enforce our laws and keep america safe. we proudly leave the next administration with the strongest and most robust border security measures ever put into place. this includes historic agreements with mexico, guatemala, honduras, and el salvador, along with more than 450 miles of powerful new wall. we restored american strength at

home and american leadership abroad. the world respects us again. please don't lose that respect. we reclaimed our sovereignty by standing up for america at the united nations and withdrawing from the one-sided global deals that never served our interests. and nato countries are now paying hundreds of billions of dollars more than when i arrived just a few years ago. it was very unfair. we were paying the cost for the world. now the world is helping us and perhaps most importantly of all, with nearly $3 trillion, we fully rebuilt the american military. all made in the usa. we launched the first new branch of the united states armed forces in 75 years, the space force. and last spring i stood at kennedy space center in florida and watched as american

astronauts returned to space on american rockets for the first time in many, many years. we revitalized our alliances and rallied the nations of the world to stand up to china like never before. we obliterated the isis caliphate and ended the life of its wretched founder and leader al-baghdadi. we stood up to the iranian regime and killed the world's top bucher, iranian general qasem soleimani. we recognized israeli sovereign ty and over the golan heights. we achieved a series of historic peace deals in the middle east. nobody believed it could happen. the abraham accords opened the doors to a future of peace and harmony, knot violence and bloodshed. it is the dawn after new middle east and we're bringing our soldiers home. i'm especially proud to be the

first president in decades who has started no new wars. above all we have reasserted the sacred idea that in america the government answers to the people. our guiding light, our north star, our unwavering conviction has been that we are here to serve the noble, everyday citizens of america. our allegiance is not to the special interests, corporations or global entities. it is to our children, our citizens and to our nation it self of the as president my constant concern has always been the best interests of american workers and american families. i did not seek the easiest course. by far it was actually the most difficult. i did not seek the path that would get the least criticism. i took on the tough battles, the hardest fights, the most difficult choices because that is what you elected me to do.

your needs were my first and last unwielding focus. this i hope will be our greatest legacy. together we put the american people back in charge of our country. we restored self-government. we restored the idea that in america no one is forgotten because everyone matters and every one has a voice. we fought for the principle that every citizen is entitled to equal dignity, equal treatment, and equal rights because we are all made equal by god. everyone is entitled to being treated with respect, to have their voice heard and to have their government listen. you are loyal to your country. and my administration was always loyal to you. we worked to build a country in which every citizen could find a great job and support their wonderful families. we fought for the communities where every american could be safe and schools where every

child could learn. we promoted a culture where our laws would be upheld, our heros honored, our history preserved and law-abiding citizens are never taken for granted. americans should take tremendous satisfaction in all that we have achieved together. it is incredible. now, as i leave the white house, i have been reflecting on the dangers that threaten the priceless inheritance we all share. as the world's most powerful nation, america faces constant threats and challenges from abroad. but the greatest danger we face is a loss of confidence in ourselves, a loss of confidence in our national greatness, a nation is only as strong as its spirit. we are only as dynamic as our pride. we are only as vibrant as our faith that beats in the hearts of our people. no nation can long survive that loses faith in its values,

history and heroes. these are the very sources of our unity and our vitality. what has always allowed america to prevail and triumph over the great challenges of the past has been an unyielding and unashamed conviction in the nobility of our country and its unique purpose in history. we must never lose this conviction. we must never forsake our belief in america. the key to national greatness lies in sustaining and instilling our shared national identity. that means focusing on what we have in common, the heritage that we all share. at the center of this heritage is also a robust belief in free expression, free speech, and open debate. only if we forget who we are and how we got here could we ever allow political censorship and blacklisting to take place in america. it is not even thinkable. shutting down free and open

debate violates our core values and most enduring traditions. in america we don't insist on absolute conformity or enforce rigid orthodoxies and punitive speech codes. we just don't do that. america is not a timid nation of tame souls who need to be sheltered and protected from those with whom we disagree. that is not who we are. it will never be who we are. in 250 years in the face of every challenge, americans always summoned our face confidence and independence. these are the miraculous traits that once led millions of everyday citizens to set out across a wild continent and carve out a new life in the great west. it was the same profound love of our god-given freedom that willed our soldiers into battle and our astronauts into space.

as i think back on the past four years one image rises in my mind above all others. whenever i traveled all along the motorcade route there were thousands and thousands of people. they came out with their families so that they could stand as we passed and proudly wave our great american flag. it never failed to deeply move me. i knew that they did not just come out to show their support of me. they came out to show me their support and love for our country. this is a republic of proud citizens united by our common conviction that america is the greatest nation in all of history. we are, must always be a land of hope, of light, and of glory to all the world. this is the precious inheritance we must safeguard at every single turn. for the past four years i have worked to do just that. from a great hall of muslim leaders in riyadh, to a great

square of polish people in warsaw, from the floor of the korean assembly, to the podium at the united nations general assembly, and from the forbidden city in beijing, to the shadow of mount rushmore, i fought for you, i fought for your family, i fought for our country. above all, i fought for america and all it stands for and that is safe, strong, proud, and free. now as i prepare to hand power over to a new administration at noon on wednesday, i want you to know that the movement we started is only just beginning. there has never been anything like it. the belief that a nation must serve its citizens will not dwindle but instead only grow stronger by the day. as long as the american people hold in their hearts deep and devoted love of country, then there is nothing that this

nation cannot achieve. our communities will flourish, our people will be prosperous, our traditions will be cherished, our faith will be strong, and our future will be brighter than ever before. i go from this majestic place with a loyal and joyful heart and optimistic spirit and a supreme confidence that for our country and for our children the best is yet to come. thank you and farewell. god bless you. god bless the united states of america. connell: president trump in a prerecorded white house video that we're told was recorded at the white house yesterday, speaking for nearly 20 minutes and spending the bulk of that time ticking through what he sees as the biggest accomplishments his administration has put forth in the last four years. spending very little time in reference to the january 6th

riots on capitol hill. he said just briefly all americans were horrified by the assault on our capitol. it is president trump saying good-bye. as new president, president-elect joe biden is saying hello or hello again to the city which he spent so much time. he is here in the washington area this evening hours before being inaugurated on the steps of the capitol before noon tomorrow. we'll stay on top of all that coverage. we have a pretty big business story we're covering as well. netflix the streaming giant out with better than expected, much better-than-expected earnings. our guests jack otter and gary kaltbaum will join to us talk about as "after the bell" continues live from washington. we'll be right back to lower my a1c. because my body can still make its own insulin. and trulicity activates my body to release it, lowering my blood sugar from the first dose. once-weekly trulicity responds when my body needs it, 24/7.

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connell: fox business alerts all over the place this hour. welcome back to washington, everybody. netflix is almost getting lost in the shuffle, but it shouldn't be. the stock is up nearly 13% after

after reporting much better than expected numbers after the bell. talking about that and a whole lot more, joined by jack otter from barron's, he hosts the "barron's roundtable" on friday nights, and gary kaltbaum kind enough to join us as well. we sat through the president's farewell remarks, the president-elect has landed in washington, and no matter who's talking, gary, the stock market keeps going up. of course, netflix has been a part of that story throughout. that was a huge number after the bell, they thought they'd have maybe 6, 6.5 million subscribers, instead it was 8.5 million. gary, what do you make of it? >> yeah, netflix is about how many subscribers going forward, and the number was a big, big, big beat, and markets love big beats. and they said something else that's important, that is they don't have to raise debt anymore going forward, and they may even look to buy back stock, which would be a first. so i think's -- think that's

juicing it also. they're going to do it without even having the office on, which i've watched 3,000 times. so a great job -- [laughter] by them. stock's up $50 or 60, it's back near the old highs, all-time highs of this year, and i suspect if the market stays in gear, it's going to go even further than that. connell: right back around $565. jack, feel free to weigh in on netflix, but i also want to transition to the transition and that, of course, is why we're here in washington. from the point of view of investors, whatever you think of president trump, the stock market did very well while he was in office. we all know that fending on your measure -- depending on your measure, up 65, 70%. i think election are day to election day was 57% in the s&p. so now investors are dealing with a new administration as of tomorrow. talk a little bit about that transition and what we might see in the market as well as what we

saw tonight from netflix. >> sure. so just briefly on netflix, if you figure seven months into a pandemic, i thought, you know, if you haven't already subscribed, signed up for netflix, who's left? well, 8.5 million people, which is really incredible. you have to think that is going to slow because i'll say the same thing a quarter later. at this point, if you haven't signed up for netflix, who are those people going to be? but as gary said, if they don't have to borrow to keep things going, that's a really good sign. and they also said buyback. they're considering buybacks again, they haven't done it since 2011. and, you know, netflix is one of those great big, popular tech stocks that doesn't have controversy right now like the platform companies, even google and apple people are debating what their role in civil society ought to be. that's not the case with netflix. it's entertainment, everybody loves it. as for the stock market, you know, my biggest concern, connell, is that we are, what,

if you forget about that big dip we saw in march because, obviously, that was dramatic, but we're right back on that same path that we have really been on for 11 years. and stock valuations now are really, really high by just about any measure. so that concerns me. and makes no difference who's president, what the policies are. the best measure of future stock performance is current valuation. obama got his start with very low valuations. that was a big benefit to him. they went up and up during trump, one of these days that's going to change. one valuation that hasn't gone up are these company, unvalued stocks whether it's industrials and airlines and others that have been hurt by the pandemic or just stocks that weren't very sexy and didn't get much love when tech was all the rage. i think there will be a rotation into those names if that

continues, the netflix and the microsoft -- connell: i've got to step on you, jack, i'm sorry. gary as well. just because we're coming up on the top of the hour, and it's been such a busy one here in washington. plenty of time over the next four years to talk about it. we'll see you tomorrow on inauguration day live from washington. thanks for watching. ♪ lou: good evening, everybody. president trump today with his farewell address to the american people. president trump spoke for nearly 20 minutes offering a message of hope, recounting many of america's accomplishments over the past four years. no president has ever had so much success in a first term. at the same time, no president has ever endured more resistance, more vicious attacks or more outright subversion of his administration than has president trump. and no reporter has been more intrepid in his pursuit of the truth behind the radical left's persecution of this president

an