As the trump economy roars ahead with record job numbers, a booming stock market and wage growth, particularly among the blow collar workers,ureio zone eurozone economies are just limping along barely, 1 or less, and Unemployment Rate hovering when 7. 15 . Will the selfproclaims generouses at davos find something that works, we brick in liein lieu lou dobbs. You think that euros will listen. I think they are paying attention and globalist elites, are beginning to question some of the assumptions that has gripped the eurozone for a long time, i think they understand the price they are paying with the systems they have chosen. And that to see a business friendly president , in a wide open capitalist Free Enterprise economy, is probably creating some considerable envy right now. Excepts there europe you have a obey sans to green parties, one thing they seem to be unable to do is confront that. The problem have to do with power costs 5 times when ours are, they are not fracking, not allowing nuclear power, how do they confront that, it teams that tide is going the wrong way. I think that every system, irrespective of con continent is on, everyone will have to come to terms with how to drive energy at a reason able cost with innovation, whether you have scarce foss i fossil resour plenty. Were watching an amazing dialogue, Free Enterprise in this country is a model for ha is succeeding. And our economy is a lot bigger than theirs. We should not be growing they should be growing more than us that tells us what you need to know, when you see the protests over there, they are protests the state and how big the statement, unfortunately they are used to state they want more of state, when the state keeps growing the economy shrinks, you saw it in San Francisco with n france, they pulled that back. They will watch and listen but note change. Last thing a modest american should do is expect the europeans to change. We have the empirical in front of us, a system that works, an economy that is growing, i president who is leading, not just the United States but the free world. They can make their choices about what they see, our Unemployment Rate versus theirs, and our growth rate versus theirs, our ability to to improve our environment versus theirs. It quite a drat dramatic story to tell it. One of the success that this president , a populist has a bright standard away from on high, and europeans, let them make weather own chases make their own choices, it is foundational to our way of life choice. All right, a couple of things were drawing a stark differential between eu and United States but they are the same size. A act as a 20 tril quoo trillior gdp bloc. But the trade off is there is a strong believe in a lot of the eurozone economies there should be a profound social safety net that costs a lot of money. And even in the United States, there are a lot of people we have talked about it who are discontent with left of Health Care Security they would be willing to give up some gdp growth for better Healthcare Security in u. S. And that is the trade off. Combined with zach, zach. Zakhu dont think it is iron could that country with biggest social safety net have biggest unemployment. Case closed. They are willing to subsidize it. They are choices, do you pay for healthcare. We could say we have a better system, because we prefer it, that does lead to marginally better gdp growth. 150 is not marginal the difference between our growth rate, my god. It 150 bases points. How would you translate that. A percent and a half sounds bigger. Most important part of the equation is 3. 5 unemployment versus search 7. 5 , they are producing. They send a check to the government, what happened in last 3 years, a stark change for what weve seen for a long time to say 6 or 7 Million People come off welfare and earned jobs is magnificent and we still have the momentum now. You use the word momentum, that is important. That is the direction europeans bu by their own stands are going down. That their rate of growth from 1 . Down below 1 . Where it is ours is growing. We have to be clear, the argument is not United States with europe. The argument is europe with the United States they are the state status, they said this president would fail just as did the state us in this country. Itch stiweve seen remarkable g. Unprecedented growth through the first 3 years of any presidency in the modern era. Secondly, we have the lowest Unemployment Rate in history for our minorities, lowest in 65 years for wim, and w women 3. 5 Unemployment Rate. We have extraordinary formation of capital and we have extremely fortunate position of having a president who is delivering on every one of his promises. True. I love the commercial from bloomberg, mike my upset my football games. Mike will make it work out whatever the devil what does high think that president is doing. David while the president is in davos trying to convince word leaders we know what were doing have you impeachment process moving ahead, Speaker Pelosi claims this is a solemn events, she is dealing with it in a serious way. But we heard her talk about it on bill maher show on hbo, listen sound out the way she was talking. First of all, thank you so much for waiting to we get back on the air before the start the the impeachment. Some people who have said, he wanted to be impeached. Just for record, being impeached is a bad thing, right . You are impeached forever. Now matter what the senate does, it can never be erased. David big smiles, fist bumps and pumps and gold souvenir pens she was giving away. I think that americans make it clear, they are opposed to impeachment to part of senate. They are also making it clear that president , his Approval Ratings have risen, hers have fallen, congress has actually they cant fall. They have gone into an, bis. I think these are all in to play out here, is a farce designed by none other than adam schiff, his screen play is unfolding before our eyes it will iva irk earni e all bad products in hollywood. This is a sad affair. Enough he pens and high 5, she is over playing her political hand. But lou, i want to ask, net, net, if obama had down this donald trump has done, would you also think a hoax in not worthy of pursues by congress. Let me give you a historical analogue,6 occasions, general accountability offers, held he violated the laws, and there was no impeachment. Yet this is one in which, with one violation in style of what is a absolutely unenforceable opinion by the General Council of the gao in ukraine. Suddenly impeachment rolls ahead, this is silly, this is stupid. And would not even been possible were not for com complicity of t Wing National media, a close feedback loop of west wing madness. It still unclear why nancy pelosi delayed this. Bill maher may have the best one, she waited for his program, but some speculate it has to to with senate, trying to win senate next year, forget bring in your candidates. Leave biden out there. It crazy, i cant get over it just stupid, they take their frontrunner. Stupid is paramount these days. I know, to you think it will have any impact on or this years race term its of g. O. P. Being are they wobbling republicans in trouble or likely to lose there are seats, Susan Collins and the rift becaus resf this. I think that will up to their individual choices and how they deal with impeachment itself, i dont think it will play out from theatrics of pelosi or schiff and there are their gambits. I don i dont know how you d say had is a slamdunk with American People, this is a divided country almost down the middle. Including fox news poll. 50 are in favor, 50 are not, and 50 say democrats mishandled. Then 50 are it would be more honest to acknowledge that were in a give divided country. Zach, this is a little bit p, we know that the polling in those states where really will matter, the swing states, people are opposed. What is the point . They could ramp up their numbers in california and new york that will not win the white house. David lou. It would be most honest to acknowledge that most recent poll 5146 all of polls are tripping in this directed trending in that direct, are we nearly divided . Yes, are we without condition divided, no. I think you are watching American People who could not even identify in most recent edition of jeopardy adam schiff are as they folk od focus on wha farce. Best news is super bowl is in two weeks. David i dont know, probably still go on. Lou thank you. Delight to be with you. David lou will go on as usual, seeing more of mr. Dont lou don bulls and bears, and kennedy and Charles Payne will join lou, well will see you thursday. For that. But well see you tonight, anything somewher special. Just usual good times. We look forward, fox business tomorrow morning we will carry trump President Trumps davos speech live. And coming up choosing two president ial candidates, well tell you who they are. That coming next. At fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk while our competition continues to talk. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. This rounds on me. Eat. Hey, can you spot me . Come on in. Find your place today, with silversneakers. Included in most Medicare Advantage plans. Enroll today by calling the number on your screen or visit getsilversneakers. Com and you know what they isay about curiosity. Itll ruin your house. So get allstate and be better protected from mayhem, like meow. David New York Times making a bizarre early endorsement for president , but it was not an endorsement. Rather than choose between far left democrat Elizabeth Warren and her more moderate challenger amy klobuchar. The times endorsed both. Editorial board member said there was a reason to nonendorsement endorsement. An know dors a an endorsement supporting candidate but more about educating voters and helping them make their best decision based their over belief [ laughter ] does that make sense. You can hear the response. I read it i thought it was hateful of President Trump by the way, and i thought that there more comical elements like talking about Elizabeth Warren being a good story teller, we would get onboard with that, she has told a lot of good stories, how you endorse two people who are going down different paths and inteaandentire campaign, lir says she is not with Elizabeth Warren. It is an endorsement of a woman, did not seem policy sensitive. In general days where newspaper endorsement mattered is long past. I think most newspapers should reconsider doing this at all, for the simple fact e editor cal opinions are valuable. They consume them moran hard mod news, the idea that paper is a leading voice, it no longer part of our contemporary political make up. So right, zach. Old saying, opinions are like smiles. Smiles, everyone has one, it is cl floss check. Same with New York Times, New York Times their editorial endorsement and an endorsement is an endorsement for a candidate, but not as valuable as it once was, the point in article of spot oall of these candidates are about most Progressive Field that democrats have ever mit put forward, all f them whether klobuchar or bloomberg or biden, they see the government as center of american life. Do i have three hours for this one. We do, well step aside. Let me read one sentence, she speaks eloquently of how the Economic System is rigged against the all but yetiest weat americans, i think to my what kind of con, job is this, this country, forget they were talking about someone, this country, were a land of opportunity. I am from orlando, george who runs disney world he started at a bus buye busboy at contesh co, i can name so many people who started from the bottom, they are very. There is no root up the ladder any longer it says. A lie, the word are you kidding me . They said that next president will shape the direct of americas prosperity, we have a president now who is already done that the question is, do we want to change that directed to one of socialism . That is what liz warren, i would argue they have different political and economic beliefs, klobuchar and Elizabeth Warren. And if you accept two vastly different Belief Systems or policies, you stand for anything or is it just an just answer. The idea that president has extraar ordinary economic power. David just regulation alone. Even under trump there has been little deregulation, it is difficult to deregulate. Not true. It is true. Let me push back. You cant just wave a pen. Rhetoric out of white house to business itself. Has been more positive. Changed playing field. It did change the environment. A small big i speak big ceos, just their thought process has changed because they feel they have somebody by their side, and not against them, you cannot they and president the same. And warren one of most over reaching you know, things that obama did in time of office, devastating for the economy, they pushed back on clean water bill that said you could not dig a mud puddle in our own yard. David i have too push back on jonathan were i am surgeon joh jonathan. David residents flee high taxes. One state has seen an inies crease the size of connecticut. Give me your hand i can save you. Lots of money with Liberty Mutual. We customize your Car Insurance so you only pay for what you need [ grunting ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Its our most dangerous addiction. So we took our worst vice, and turned it into the dna for a better system. We created bionic and put the word out with godaddy. What will you change . Make the world you want. David great tax does, escape to states with lower taxes, texas increases by more than inter population of high tax, connecticut, jonathan, does this surprise you . No. Money goes to where it is treated best taxes go up by 1 , population decreases by 1 5 , who is leaving in job creators, you see it in california, new york, illinois, and weve seen it all over the world, 12 thousand millionaires, are leaving france year after year because of their wealth tax, this is why the Rolling Stones left europe back to record exile on main street because of high taxes. It always works out this way, big tax states are not addressing the real issues that government spending. Kin Keith Richards lives in connecticut. You had to throw that in. People, businesses and capital will go to where they are treats best. If they can. Sometimes it is very difficult to do. But you see it everywhere, i live in florida, i cannot begin to tell you how many people are moving in my neighborhood, every time i ask where are you from northeast businesses, coming from there i see, the new jersey dude running show there, wants a wealth or millionaire a tax, is he forgetting there are states next door that dont have it and people say, see you have a nice day, you treat me poorly. This is amazing they dont learn lessons from others. Gary, they dont. Because they are so busy paying off all of Interest Groups that put them in office, they cant take a step back, and say what longterm, new york city is in a downward spiral as is new jersey and connecticut, they keep spending more and more, this is a vicious sish ill circ, people are leaving, and people remaining will pay more taxes. David it is more regressive. I dont know why you said that about new york city, new york is vibrant. The budget. The budget may get out of control. The economic whims are but when all job create ors leave that is the point. They are not exodussing from new york city. They really are, why are apartment prices the capitals, so many people. Collapses so many people are moving to florida in one of those condos built for russia and china billionaire. Blame the russian and chinese. Im in the blaming them. David talk to real agents in new york city tell you because of really, wild new taxes they have put on properties, sales and purchase on both ends. But you know there is no denying that the more expensive business becomes, evenly you see less, this is quite simple. Is it not . And a great historical precedent, only is i is it detroit, it used to be the new york of its day. We say, could this happen to new york . To chicago. David on positive note, it come back, a lot of people say that detroit is doing right things now, lowering regulations. Finaly. David they are getting population, finally trickling slowly but maybe back in. Black rocks larry fink warns he may change his investing habits to suit his beliefs about Climate Change, what impact will this have on his visitors . Well discuss this coming next. At Fisher Investments, we do things differently and other Money Managers dont understand why. Because our way works great for us but not for your clients. Thats why were a